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☆ Namibia chase elusive first World Cup win against Uruguay
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +3 min

Rugby Union - Rugby World Cup 2023 - Pool A - France v Namibia - Orange Velodrome, Marseille, France - September 21, 2023 Namibia's Johan Deysel looks on after being sent off REUTERS/Peter Cziborra/File Photo Acquire Licensing RightsSept 25 (Reuters) - Namibia have made seven changes to their starting line-up for their final Rugby World Cup Pool A match against Uruguay in Lyon on Wednesday, one of which has been forced through the absence of captain Johan Deysel. Coach Allister Coetzee has long targeted this fixture as the one to break his team’s unwanted record run of 25 consecutive losses in the World Cup since they made their debut in 1999. "The players know what a win means for the country, it can change a lot. Prop Johan Coetzee and wing Gerswin Mouton are therefore the only players to have started all four matches in France. Namibia lost 26-18 to Uruguay in Montevideo last month and Coetzee believes that elusive World Cup win is there for the taking.

Persons: Namibia's Johan Deysel, Peter Cziborra, Johan Deysel, Coach Allister Coetzee, Coetzee, Antoine Dupont, I’ve, He’s, Johan Coetzee, Gerswin Mouton, Alcino Izaacs, Danco Burger, Andre van den Berg, Tiaan Swanepoel, Damian Stevens, Richard Hardwick, Prince Gaoseb, Uanivi, They’ve, it’s, Jason Benade, Torsten Van Jaarsveld, Adriaan Ludick, Tiaan De Klerk, JC Greyling, Burger, Cliven, Louis van der, Desiderius Sethie, Haitembu Shifuka, PJ Van Lill, Max Katjijeko, Adriaan Booysen, Jacques Theron, Andre van der, Nick Said, Pritha Sarkar Organizations: Rugby Union, Rugby, REUTERS, Uruguay, Gerswin, Former Australia, Thomson Locations: France, Namibia, Orange, Marseille, Lyon, Deysel, flyhalf, scrumhalf, Uruguay, Montevideo, Andre van der Bergh

☆ The top economist at EY thinks the US economy faces a 'trifecta' of threats that could make Americans stop shopping and cause a slowdown
▼ + stars: | 2023-09-25 | by ( Madison Hoff | ) www.businessinsider.com time to read: +4 min

EY chief economist Gregory Daco thinks "consumers are becoming more conservative with their spending." Coming up is another headwind: the restart of federal student-loan payments. The different economic threats means consumer spending growth may not be so hot next year, as consumers are already reducing their spending. Other economists have pointed out how the upcoming student-loan payment restart will have an impact on the economy. Have you changed your spending habits or are you spending less on certain items given the restart of student-loan payments, fewer savings, and other factors?

Persons: Gregory Daco, Taylor Swift, it's, Daco, Torsten Sløk, NYU Stern, David Kelly Organizations: Service, Consumer, Bureau of Labor Statistics, BLS, NYU, Morgan Asset Management, AAA, CNBC Locations: Wall, Silicon, American, —, mhoff@insider.com

☆ The Fed's commentary about the future trumps any moves they make today, says Torsten Slok
▼ + stars: | 2023-09-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed's commentary about the future trumps any moves they make today, says Torsten SlokTorsten Slok, Chief Economist at Apollo Global Management, lays out his expectations for the latest Federal Reserve policy decision.

Persons: Torsten Slok Torsten Slok Organizations: Apollo Global Management, Federal

Sept 18 (Reuters) - Cadence Bank (CADE.N) CEO Dan Rollins calls the regional banking crisis from earlier this year "March madness." Interviews with half a dozen regional bank executives and economists show the March banking crisis has had a lasting impact on the regional banking industry and the economy. Torsten Slok, chief economist at Apollo Global Management, said the banking crisis had "a magnifying effect" on the Fed's tightening but its full impact would come with a lag. The failure triggered a crisis of confidence, with depositors moving their money from regional banks to the perceived safety of the largest lenders. The KBW Regional Bank Index (.KRX) is down about 20% since early March despite a summer rebound.

Persons: Dan Rollins, Rollins, Mark Zandi, ”, Zandi, Torsten Slok, Slok, Cadence's Rollins, Steve Wyett, Wyett, Banks, Cadence’s Rollins, Randy Chesler, Chesler, Moody's Zandi, Jeff Jackson, Raj Singh, Singh, Paritosh Bansal, Anna Driver Organizations: Cadence Bank, Moody’s, Apollo Global Management, Bank, Reuters Graphics, Valley, Regional, BOK, Federal, Loan, Thomson Locations: . Federal, Silicon, Tulsa , Oklahoma, Kalispell , Montana, Wheeling , West Virginia

☆ Watch CNBC's full interview with Apollo Global's Torsten Slok and Edward Jones' Mona Mahajan
▼ + stars: | 2023-09-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Apollo Global's Torsten Slok and Edward Jones' Mona MahajanTorsten Slok, Apollo Global Management chief economist, and Mona Mahajan, Edward Jones senior investment strategist, join 'Squawk on the Street' to discuss what to expect from next week's Federal Reserve meeting, what could be a risk ahead for equity investors, and more.

Persons: Apollo Global's Torsten Slok, Edward Jones, Mona Mahajan Torsten Slok, Mona Mahajan Organizations: Apollo Global Management, Reserve

☆ The Fed will be reluctant to declare 'mission accomplished': Edward Jones' Mona Mahajan
▼ + stars: | 2023-09-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed will be reluctant to declare 'mission accomplished': Edward Jones' Mona MahajanTorsten Slok, Apollo Global Management chief economist, and Mona Mahajan, Edward Jones senior investment strategist, join 'Squawk on the Street' to discuss what to expect from next week's Federal Reserve meeting, what could be a risk ahead for equity investors, and more.

Persons: Edward Jones, Mona Mahajan Torsten Slok, Mona Mahajan Organizations: Apollo Global Management, Reserve

☆ 10 signs the US economy may struggle in the next year
▼ + stars: | 2023-09-14 | by ( Madison Hoff | Noah Sheidlower | ) www.businessinsider.com time to read: +10 min

By raising interest rates, the Fed "wants us to buy fewer cars. There are signs that a drop in savings could be making it harder for Americans' to keep up with paying off debt. Long-term interest rates rising for non-economic reasonsLong-term interest rates are on the rise, even though economic data on the whole is improving. Higher-interest payments for the US governmentSløk also noted higher interest payments for the US government as another downside risk to the outlook. Projections published by the Congressional Budget Office show increasing estimates for the upcoming decades for federal interest payments as a share of GDP.

Persons: Torsten Sløk, Sløk, Paul Krugman, Persis Yu, Jan Hatzius, Goldman Sachs, Hatzius, it's, , you've, Andy Kiersz, That's, Brent Organizations: Service, Apollo Global Management, NYU Stern School of Business, Federal Reserve, San, San Francisco Fed, Student, Protection, CNBC, New York Fed, Banking, West Texas, Labor Statistics, US, Fitch, Congressional Locations: Wall, Silicon, San Francisco, China, Japan, Europe, Germany

Reuters Graphics Reuters GraphicsMonth-to-month inflation numbers "will inevitably hop around," wrote Pantheon Macroeconomics Chief Economist Ian Shepherdson, who sees underlying consumer inflation nevertheless slowing to a "benign" level of below 3% by early next year. Since their meeting in July, only two Fed policymakers have said they felt rates do not need to rise further, while others noted their outlook for slowing inflation was built around a slightly higher federal funds rate. Overall bank credit has been falling on a year-over-year basis since mid-July, evidence of financial firms tightening access either through higher rates or stricter standards. By and large Fed officials feel the economy can grow about 1.8% a year with inflation at the 2% target and assuming "appropriate monetary policy." The outlook has diminished prospects for a U.S. recession, but may well keep Fed concerns about high - or higher - inflation alive.

Persons: Jessica Rinaldi, Ian Shepherdson, Jerome Powell, Powell, Torsten Slok, Goldman Sachs, Steven Blitz, Howard Schneider, Dan Burns, Andrea Ricci Organizations: REUTERS, Rights, Federal Reserve, Reuters Graphics Reuters, Investors, Apollo Global Management, Lombard Chief U.S, Fed, Thomson Locations: Flushing , New York, U.S

☆ Poor Italy secure bonus-point win over Namibia
▼ + stars: | 2023-09-09 | by ( ) www.reuters.com time to read: +2 min

The Italians led 17-8 at the break and later scored a superb 60-metre try through livewire wing Ange Capuozzo. Namibia’s wait for a first World Cup win extends to a record 23 games, though they also scored an excellent try via wing Gerswin Mouton. Italy were the first to score a try after 11 minutes when Lorenzo Cannone went over after a lineout maul with Namibia already down to 14 men as hooker Torsten van Jaarsveld was sin-binned. However, Italy were much stronger after the break and the difference in quality off the bench all too evident. Manuel Zuliani took advantage of a tiring Namibia defence to break two tackles and race down the line for his 78th minute try.

Persons: Stade Geoffroy, Guichard, Ange Capuozzo, Lorenzo Cannone, Torsten van Jaarsveld, Richard Hardwick, Paolo Garbisi, Tiaan, Mouton, Swanepoel, Namibia’s, Lock Dino Lamb, Monty Ioane, Manuel Zuliani, Paolo Odogwu, Tommaso Allan, Nick Said, Mark Gleeson Organizations: Italy, Namibia, Rugby, Stade, livewire, Gerswin, Thomson Locations: Namibia, ETIENNE, France, Italy, Gerswin Mouton

☆ $7.6 trillion of US government debt will mature in the next year, adding pressure on rates
▼ + stars: | 2023-09-08 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

A whopping $7.6 trillion in interest-bearing US public debt will mature within a year, Apollo's chief economist said. That represents 31% of all outstanding US government debt, adding upward pressure on rates. In terms of dollar amount, that's $7.6 trillion, a high not seen since early 2021. In addition, public debt maturing in the near term accounts for more than a quarter of US GDP. Still, Sløk said the $7.6 trillion coming due is one source of upward pressure on US rates.

Persons: Torsten Sløk, Sløk, Louis Organizations: Service, Treasury Department, Federal Reserve, Treasury, Louis Fed Locations: Wall, Silicon

☆ High-rate effects will keep going and have more negative impacts on economy: Apollo Global's Slok
▼ + stars: | 2023-09-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHigh-rate effects will keep going and have more negative impacts on economy: Apollo Global's SlokTorsten Slok, Apollo Global Management chief economist, and Keith Lerner, Truist chief market strategist, join 'Squawk on the Street' to discuss the volatility with the 10-year yield, how the high-rate environment will impact equity markets, and more.

Persons: Slok Torsten Slok, Keith Lerner Organizations: Apollo Global Management

☆ Watch CNBC's full interview with Apollo Global's Torsten Slok and Truist's Keith Lerner
▼ + stars: | 2023-09-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Apollo Global's Torsten Slok and Truist's Keith LernerTorsten Slok, Apollo Global Management chief economist, and Keith Lerner, Truist chief market strategist, join 'Squawk on the Street' to discuss the volatility with the 10-year yield, how the high-rate environment will impact equity markets, and more.

Persons: Apollo Global's Torsten Slok, Truist's Keith Lerner Torsten Slok, Keith Lerner Organizations: Apollo Global Management

☆ CNBC Daily Open: When yields are this high, why buy stocks?
▼ + stars: | 2023-08-23 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Nathan Howard | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Typically, stocks — if they do well — tend to return more than a risk-free asset, precisely because it isn't certain stocks will rise. While "the Fed can control short rates," long rates going up can introduce "significant risk" to the economy, such as the recent Fitch downgrade and quantitative tightening. It wasn't a surprise, then, that stock markets fell Tuesday.

Persons: Nathan Howard, yield's, Rupert Thompson, Cash, That's, Bob Pisani, it's, Torsten Slok, Adam Turnquist, Ed Yardeni Organizations: Treasury, Bloomberg, Getty, CNBC, Kingswood Group, Dow Jones Industrial, Nvidia, LPL, Yardeni Locations: Washington , DC

☆ CNBC Daily Open: With such high yields, why buy stocks?
▼ + stars: | 2023-08-23 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +5 min

Nathan Howard | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. That's called the equity risk premium, a return that's supposed to compensate stock investors for the chance that they might lose money. Another potential issue that could crop up with high Treasury yields is that it could make the Federal Reserve's job tougher. It wasn't a surprise, then, that stock markets fell Tuesday.

Persons: Nathan Howard, Tesla, Anwar Ibrahim, CNBC's Martin Soong, That's, yield's, Rupert Thompson, Cash, Bob Pisani, it's, Torsten Slok, Adam Turnquist, Ed Yardeni Organizations: Treasury, Bloomberg, Getty, CNBC, Nasdaq, Japan's Nikkei, Malaysia, country's, Vehicle Global, Analysts, International Atomic Energy Agency, Kingswood Group, Dow Jones Industrial, Nvidia, LPL, Yardeni Locations: Washington , DC, Asia, Pacific, Shanghai, Malaysia, California, China, Tokyo

☆ Wall St Week Ahead Hopes of 'Goldilocks' economy, rate peak buoy US stocks
▼ + stars: | 2023-07-28 | by ( David Randall | ) www.reuters.com time to read: +5 min

The S&P 500 is up nearly 19% this year after gaining around 1% in the past week. At the same time, investors believe the Fed is unlikely to deliver much more of the monetary policy tightening that shook markets last year. A test of the economy comes next week, when the U.S. reports employment numbers for July. The tech-heavy Nasdaq 100 is up nearly 44% year-to-date, while the S&P 500 information technology sector has gained nearly 46%. The S&P 500 tech sector now trades at 28.2 times forward earnings, from 19.6 at the start of the year.

Persons: Brendan McDermid, Jerome Powell, Bob Kalman, Torsten Slok, Burns McKinney, Randy Frederick, wouldn't, David Randall, Ira Iosebashvili, Deepa Babington Organizations: New York Stock Exchange, REUTERS, Federal, Miramar Capital, Apollo Global Management, Meta, Roku Inc, NJF Investment Group, Apple, Microsoft, Schwab Center, Financial Research, Thomson Locations: New York, U.S, Miramar

☆ Slok: There are still risks to the economy that could bring a recession this year
▼ + stars: | 2023-07-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSlok: There are still risks to the economy that could bring a recession this yearTorsten Slok, Partner and Chief Economist at Apollo Global Management, discusses the Federal Reserve, consumer spending, and inflation.

Persons: Torsten Slok Organizations: Apollo Global Management, Federal Reserve

☆ Homebuyers must ‘learn to live’ with near-7% mortgage rates, says RE/MAX chairman
▼ + stars: | 2023-07-14 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

After all, he recalls the early 1980s when the Federal Reserve’s war on inflation briefly spiked mortgage rates above 18%. “Everyone has been spoiled by the past 15 years of low interest rates,” Liniger, now the chairman of RE/MAX, told CNN. Mortgage rates climbed to 6.96% during the week ending July 13, up from 6.81% the week before, Freddie Mac said Thursday. “We’re just going to have to learn to live with 6.5% or 7% mortgage rates for six to 18 months,” said Liniger. ‘This is the top’Lawrence Yun, chief economist at the National Association of Realtors, is more optimistic about the direction of mortgage rates.

Persons: Dave Liniger, ” Liniger, Freddie Mac, That’s, Liniger, “ We’re, ”, Lawrence Yun, ” Yun, ” Torsten Slok, it’s, Yun, there’s Organizations: New, New York CNN, Federal, CNN, National Association of Realtors, Apollo Group Locations: New York, America

☆ Jobs report shows Fed has tough time with 'last mile' inflation, says Apollo's Torsten Slok
▼ + stars: | 2023-07-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJobs report shows Fed has tough time with 'last mile' inflation, says Apollo's Torsten SlokTorsten Slok, Apollo Global Management chief economist, joins 'Squawk on the Street' to discuss the latest jobs report, the current state of the consumer, and what to expect from the Federal Reserve going forward.

Persons: Apollo's Torsten Slok Torsten Slok Organizations: Apollo Global Management, Federal Reserve

☆ Watch CNBC's full interview with Apollo Global's Torsten Slok on the Fed's next move
▼ + stars: | 2023-07-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Apollo Global's Torsten Slok on the Fed's next moveTorsten Slok, Apollo Global Management chief economist, joins 'Squawk on the Street' to discuss the latest jobs report, the current state of the consumer, and what to expect from the Federal Reserve going forward.

Persons: Apollo Global's Torsten Slok, Torsten Slok Organizations: Apollo Global Management, Federal Reserve

☆ Rolls-Royce's CEO shares his 3 favorite details of the brand's new $420,000 electric car
▼ + stars: | 2023-07-06 | by ( Tim Levin | ) www.businessinsider.com time to read: +3 min

Rolls-Royce's first electric car, the $420,000 Spectre, has arrived. Those taillightsRolls-Royce says the taillights look like "islands in a lake." Look closely at the Spectre's taillights and you'll notice they're single, uninterrupted parts, plunged into a smooth, uninterrupted body panel. The Spectre's grille pushes air around the car instead of sucking it in. A pink Rolls-Royce Spectre.

Persons: Torsten Müller, Ötvös, Royce, Anders Warming, we've, Royce What's Organizations: Royce

☆ The Fed can’t decide how much money US households have left
▼ + stars: | 2023-07-05 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Interest rates are higher and so are prices, credit is drying up and there are signs that the labor market is finally softening. The problem is that no one, not even the Federal Reserve, knows how much longer the American consumer can keep on spending. Personal saving rates soared as a result, with US households amassing about $2.3 trillion in savings in 2020 and through the summer of 2021, according to Federal Reserve economists. Economists know that savings must be dissipating, but haven’t quite figured out just how much of that money is left. Just a few weeks later, economists at the Federal Reserve Board of Governors in Washington said just the opposite.

Persons: New York CNN — There’s, we’ve, ”, Torsten Slok, Lydia Boussour, Hanna Ziady, Xiaofei Xu, Beijing’s, Laura He, Wei Jianguo, Funflation, Beyflation — Taylor Swift, Fisher, don’t Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Commerce Department, Federal Reserve Bank of San, Governors, Apollo Global Management, Consumer, Reuters, China Daily, Fisher Investments, National Statistics Locations: New York, Federal Reserve Bank of San Francisco, Washington, United States, EY, Boussour, China, Beijing, Japan, Italy, Netherlands, Swiftflation

☆ Fact Check-German sex education book is not recommended as a textbook for use in schools
▼ + stars: | 2023-06-21 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

A German book featuring sexual positions is not recommended by education ministries or authorities producing frameworks for sex education in the country, contrary to online posts claiming it is a textbook used in schools. Publishers say it is an educational book for parents who want to teach their children about sex. An EMF Verlag spokesperson said: “It is not a textbook specifically for children in Germany used in schools or education settings. Federal German states regularly exchange information on sex education content and concepts, but they decide independently whether to implement the KMK’s recommendations, Heil added. The sex education book “Von wegen Bienchen und Blümchen!” is not recommended in school curricula in Germany or considered a textbook.

Persons: Von wegen Bienchen, ” Torsten Heil, Heil, Read Organizations: Publishers, EMF, Reuters, Education, Cultural Affairs, Federal Locations: Germany, Federal Republic of Germany, Bremen, Niedersachsen

☆ 401(k) plans have never been hotter. That’s changing the stock market
▼ + stars: | 2023-06-21 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

The bill, signed into law late last year, requires employers to automatically enroll all eligible workers into their retirement plans at a savings rate of 3% of salary. Americans had pension plans, Social Security benefits, and their own savings through plans like the 401(k). Those funds tend to be controlled by large asset managers. But through a process called proxy voting, large asset managers are able to vote on shareholder resolutions on behalf of their clients. Asset managers have “significant influence over company practices,” wrote shareholder advocacy group ShareAction in a recent report.

Persons: New York CNN —, That’s, ”, Dave Stinnett, What’s, ShareAction, Tesla, Torsten Slok Organizations: CNN Business, Bell, New York CNN, BlackRock, Vanguard Group, Fidelity Investments, Street Global Advisors, Vanguard, Social Security, Social, Social Security Agency, Security, Lawmakers, Blackrock, Fidelity, Boston University School of Law, Harvard Law School, Vanda Research, EV, Apollo Global Management Locations: New York, United States

☆ Watch CNBC's full interview with Citi's Scott Chronert and Apollo Global's Torsten Slok
▼ + stars: | 2023-06-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Citi's Scott Chronert and Apollo Global's Torsten SlokTorsten Slok, Apollo Global Management chief economist, and Scott Chronert, Citi U.S. equity strategist, joins 'Squawk on the Street' to discuss the recent resilience from equity markets, the widening breadth in equities and Slok's expectations for the Federal Reserve and equity markets.

Persons: Citi's Scott Chronert, Apollo Global's Torsten Slok Torsten Slok, Scott Chronert Organizations: Apollo Global Management, Citi U.S, Federal Reserve

☆ Equities are setting up for a 'digestion phase' with recent narrow rally: Citi's Scott Chronert
▼ + stars: | 2023-06-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEquities are setting up for a 'digestion phase' with recent narrow rally: Citi's Scott ChronertTorsten Slok, Apollo Global Management chief economist, and Scott Chronert, Citi U.S. equity strategist, joins 'Squawk on the Street' to discuss the recent resilience from equity markets, the widening breadth in equities and Slok's expectations for the Federal Reserve and equity markets.

Persons: Citi's Scott Chronert Torsten Slok, Scott Chronert Organizations: Apollo Global Management, Citi U.S, Federal Reserve

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