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☆ U.S. yields advance as markets gird for midterm elections
▼ + stars: | 2022-11-07 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +3 min

NEW YORK, Nov 7 (Reuters) - U.S. Treasury yields rose in choppy trading on Monday after a week of high volatility, as bond investors turned their focus to the U.S. midterm elections on Tuesday that will determine control of Congress. U.S. two-year yields, which are sensitive to rate expectations, rose 7 basis points to 4.216% . The yield on 10-year Treasury notes was up 4.3 basis points at 4.201%. U.S. 30-year Treasury yields were up 4.2 basis points at 4.289%. A closely-watched part of the U.S. Treasury yield curve measuring the gap between yields on two- and 10-year Treasury notes remained inverted at -52.1 basis points.

☆ Airbnb to Make Cleaning Fees Clearer on Searches After Customer Complaints
▼ + stars: | 2022-11-07 | by ( Allison Pohle | ) www.wsj.com time to read: 1 min

The cleaning fees that customers of Airbnb Inc. have long complained about will soon become more apparent early in searches for lodging, the company says. Starting in December, on an undetermined date, the company will allow guests to filter their search results by the total cost of the stay before taxes, Chief Executive Brian Chesky said on Sunday. That means the often-maligned cleaning fees will be among the fees included in the prices customers see.

☆ Is the economy improving? Days before the midterms, no one has a good answer
▼ + stars: | 2022-11-04 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

By aggressively hiking interest rates, the Fed has sought to introduce some slack into a tight labor market. Inflation remains high, but now it’s also far more expensive to take out loans or pay off credit cards. Wages are up, but not enough to take the sting off high prices of necessities like food, fuel and shelter. Economists will get fresh insight into the state of inflation next week with the October CPI reading on Thursday. But if there’s good news in that report, it will have come two days too late to sway voters one way or another.

☆ What to look for in the last jobs report before the midterms
▼ + stars: | 2022-11-04 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

The US economy is expected to have added 200,000 jobs last month, down from 263,000 in September but well above the pre-pandemic average. The unemployment rate is expected to edge up slightly, to 3.6% from 3.5% — still close to a half-century low. Private sector job growth and wages also went up last month, defying expectations, according to Wednesday’s ADP report. There are currently 1.9 jobs for every one person looking for work, a margin that the Fed worries is keeping inflation uncomfortably high. “Reducing inflation is likely to require a sustained period of below-trend growth and softening of labor market conditions,” Powell said Wednesday.

☆ America’s housing dream is broken
▼ + stars: | 2022-11-03 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

New York CNN Business —A little over a decade ago, the dominant narrative about the housing market was that Millennials simply weren’t buying. As that 2020 housing boom begins to go bust, those who managed to close on a home in the crush of competition fed by rock-bottom mortgage rates should count themselves extremely lucky. “And this year were facing increasing home prices while mortgage rates are also climbing.”Oh yeah, one other thing: In addition to mortgage rates going up, home prices also shot up, with the median peaking at $413,800 in June. As affordability reaches crisis levels, now is a good time for federal and local governments to rethink the way we frame the American Dream. Another strong data point on jobs will only reassure the Fed that the labor market can withstand more rate hikes.

☆ Here’s why 75% of likely voters think we are in a recession — even though we’re probably not
▼ + stars: | 2022-11-03 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

New York CNN Business —A new CNN poll shows that three-quarters of likely voters feel like the US economy is in a recession. The technical definition of a recession is two consecutive quarters of economic contraction, which the US economy recorded in the first half of the year. Still, the economy feels bad to the majority of Americans ahead of next week’s midterms. But that’s still the highest since the early 1980s, and it’s the first time many younger people have ever experienced inflation. But that dip may not be enough to buy Democrats any goodwill among voters, given the elevated costs of every other necessity.

☆ What to expect from Friday's monthly jobs report
▼ + stars: | 2022-11-03 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

☆ Bombardier's loss narrows on strong demand for business jets
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +1 min

Nov 3 (Reuters) - Bombardier Inc (BBDb.TO) on Thursday reported a smaller adjusted loss in the third quarter, as robust demand for private jet travel boosted the aircraft maker's margins. The Montreal-based company said its third-quarter adjusted loss narrowed to $2 million from $95 million a year earlier. Corporate jet makers have been reporting swelling order backlogs on persistent strong demand for flying private, especially in the United States, the world's largest market for business aviation. The company reported third-quarter free cash flow of $52 million, compared with $100 million last year. Bombardier reported an adjusted loss of $0.10 per share.

‘Black Panther: Wakanda Forever’Even before making its way to theaters, “Black Panther: Wakanda Forever” — the long-awaited sequel to the 2018 film starring Chadwick Boseman — has birthed some of this fall’s biggest pop culture moments, including a Rihanna song drop. “Black Panther: Wakanda Forever” opens in U.S. theaters Nov. 11. “The Inspection” opens in U.S. theaters Nov. 18. “Bones and All” opens in U.S. theaters Nov. 23. “Strange World” opens in U.S. theaters Nov. 23.

☆ American woman who led an ISIS military battalion sentenced to 20 years in prison
▼ + stars: | 2022-11-02 | by ( Tim Stelloh | Tim Stelloh Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +2 min

An American woman who led an all-female Islamic State battalion was sentenced to 20 years in prison Tuesday after she admitted to training dozens of women and girls in Syria for the militant group known as ISIS, federal authorities said. The prison term given to Fluke-Ekren, formerly of Kansas, was the maximum sentence allowed under a plea agreement reached in June. According to the prosecutor's office, Fluke-Ekren left the U.S. for Egypt in 2008 with her second husband, who later became ISIS' sniper leader in Syria. Fluke-Ekren trained female ISIS members through a women's center and in the all-female battalion known as Khatiba Nusaybah, the prosecutor's office said. Fluke-Ekren taught trainees how to use AK-47 rifles, grenades and suicide belts packed with explosives, the prosecutor's office said.

☆ One sentence from the Fed got markets all worked up. Then Powell spoke
▼ + stars: | 2022-11-02 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

BIG PICTUREThe Fed is operating on data that’s offered a murky view of the economy’s health in recent months. On one hand, the housing market is cooling off markedly, but higher borrowing costs so far haven’t made a dent in inflation. That may reassure the Fed that there’s room to keep rate hikes going without triggering a recession. There is a glut of avocados in America and that’s triggered a steep drop in wholesale prices. Don’t yell at me, I don’t make the rules…Anyway, starting Thursday, it’s festive cup season, which Starbucks fans seem excited for.

☆ At least 7 Republicans vying for a spot in Congress this November were at the Capitol on January 6
▼ + stars: | 2022-11-01 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +9 min

Several Republican candidates for Congress have ties to the January 6 Capitol attack. Van Orden at the time wrote that he had been in Washington, DC, for "meetings and to stand for the integrity of our electoral system as a citizen." A representative for Van Orden did not immediately respond to Insider's request for comment. Smith won a crowded primary against seven other Republican candidates in May and secured Trump's endorsement in September. Jeff Zink is up against Democratic incumbent Rep. Ruben Gallego in Arizona's 3rd Congressional District.

☆ More good news for workers is bad news for the Fed
▼ + stars: | 2022-11-01 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

We the people can create the strongest job market in a generation and what do we get in return? Here’s the deal: The labor market is still very, very strong. And while that’s great news for workers, it’s bad news for the Fed. The “quit rate” held steady at 2.7%, or about 4.1 million workers voluntarily leaving their jobs — not a record, but still historically high. In summary: “If you were waiting for signs of labor inflation easing, you’ll have to keep waiting,” said Lightcast senior economist Ron Hetrick.

☆ Kit Connor's sexuality is none of your business
▼ + stars: | 2022-11-01 | by ( Allison Hope | ) edition.cnn.com time to read: +8 min

CNN —The pressure for 18-year-old actor Kit Connor to come out had been building on social media for months. It is one of the first to center LGBTQ characters — both Nick and Charlie, as well as others in the main cast — geared towards a teen and young adult audience. Rob Youngson/NetflixThe truth about Nelson’s character, as well as Connor’s real-life identity, may be much more nuanced. (From left) The cast of "Heartstopper" — Kizzy Edgell, Corinna Brown, Kit Connor, Joe Locke, Tobie Donovan and Sebastian Croft — attend London Pride on July 2. Chris J Ratcliffe/Getty ImagesNow LGBTQ audiences are rightfully asking the hard questions about who gets to play LGBTQ characters.

☆ Women in venture capital are writing the rules of maternity leave and bending the male-dominated culture to their will
▼ + stars: | 2022-10-31 | by ( Melia Russell | Madeline Renbarger | ) www.businessinsider.com time to read: +13 min

And with more women entering the male-dominated venture industry, firms are being forced to craft maternity leave policies on the fly to accommodate new mothers. Forty years ago, the clubby male world of venture capital admitted so few women that maternity leave as a benefit was effectively nonexistent. "There is no playbook about how to take maternity leave or raise a family while also accelerating your career as an investor." Lux CapitalLike in many male-dominated industries, maternity leave as a benefit for investors doesn't come up in conversation until someone needs it. Though, the best policies, investors said, give women choices about how they operate on leave, rather than prescribing a one-size-fits-all leave.

☆ The Elon Musk wrecking ball
▼ + stars: | 2022-10-31 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. New York CNN Business —Elon Musk bought a $44 billion fixer-upper, and he’s not wasting any time gutting the joint. If you spent the weekend trying to ignore the news, like I did, let’s catch up on what the Musk wrecking ball has targeted so far:And yes, this is all Textbook Musk. Musk himself has long favored using Twitter rather than an PR team to break news about his other companies like Tesla. And for that I turn to my colleague Frank “Craven” Pallotta, CNN Business’ resident expert on all things Hollywood and horror.

☆ NHL roundup: Christian Dvorak's hat trick carries Canadiens to victory
▼ + stars: | 2022-10-30 | by ( ) www.reuters.com time to read: +8 min

Mandatory Credit: Jeff Curry-USA TODAY SportsOctober 30 - Christian Dvorak scored a third-period hat trick as the visiting Montreal Canadiens rallied past the St. Louis Blues 7-4 on Saturday night. Rangers 6, Stars 3Zac Jones scored the tiebreaking goal in the third period to help New York notch a victory over host Dallas. Red Wings 2, Wild 1Lucas Raymond scored his first two goals of the season and host Detroit downed the Wild. Capitals 3, Predators 0Darcy Kuemper made 34 saves for his first shutout of the season and visiting Washington defeated Nashville. Mikael Backlund scored a short-handed goal, and Brett Ritchie also scored for Calgary, which had a two-game winning streak snapped.

[1/3] Manuela Teixeira, who runs six businesses in Old Chelsea village, stands at the counter of her cafe Biscotti & Cie, which she says faces a dire labor shortage, in Old Chelsea, Quebec, Canada, October 3, 2022. Canada has the worst labor shortages in the Western world, according to the latest OECD data from late 2021. Quebec's immigration ministry didn't respond to a query on the arrival caps and labor challenges for this article. The new census data showed 28.7% of recent immigrants to the province spoke French as their first language, up from 25.7% in 2016. When company workers had to isolate after arriving from Tunisia during COVID-19, people in the town rallied to help with supplies, she said.

☆ CNN chief Chris Licht has big ideas, but employees are nervous, and more job cuts are coming
▼ + stars: | 2022-10-26 | by ( Alex Sherman | ) www.cnbc.com time to read: +13 min

Courtesy: CNNShifting from ZuckerPart of Licht's challenge as the new leader of CNN is he's not the old leader. There's also a hangover effect from the sudden collapse of CNN+, which Zucker pushed relentlessly as the future of the business. The comments heightened anxiety for many CNN staffers, according to six people who were at the company at the time. The changes should also bring workflow alignments to CNN digital and linear, which should help both entities' content and organization. CNN still hasn't named a chief digital officer, although the company's job posting now says it's filled.

☆ Surge of viruses leaves children’s hospitals scrambling to free up beds and find room for patients
▼ + stars: | 2022-10-25 | by ( Aria Bendix | Aria Bendix Is The Breaking Health Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +6 min

Every inpatient bed at Comer Children’s Hospital in Chicago has been full for more than six weeks. Many of the patients at Comer Children’s have RSV, or respiratory syncytial virus, which can cause lung infections. Some hospitals are sending ICU patients directly home once their cases are no longer acute, rather than to another floor. Dr. Kevin Messacar, an infectious disease specialist at Children’s Hospital Colorado, said his hospital is accepting patients from five nearby states. But suctioning can be tricky for parents, according to Dr. Elizabeth Schlaudecker, an infectious disease specialist at Cincinnati Children’s Hospital.

☆ Restless Travelers Make Fall the New Vacation Season
▼ + stars: | 2022-10-25 | by ( Allison Pohle | ) www.wsj.com time to read: 1 min

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☆ Fall Is the New Summer for Vacations
▼ + stars: | 2022-10-25 | by ( Allison Pohle | ) www.wsj.com time to read: 1 min

REUTERS/Allison DinnerWASHINGTON, Oct 24 (Reuters) - The online liquor market Drizly settled with the U.S. Federal Trade Commission (FTC) over a data breach that exposed information about 2.5 million people, the agency said Monday. Under terms of the settlement, Drizly is required to destroy unnecessary data, restrict what it collects and requires Chief Executive James Rellas to follow certain data security practices. The agency said that the company and Rellas were informed about security problems long before Drizly was hacked and failed to address the problems. Drizly, which offers liquor delivery in more than 30 states, is owned by Uber (UBER.N). "Drizly & Rellas were alerted to security problems 2 years before the breach, yet they failed to act.

☆ Wall Street's rising stars admit their biggest career mistakes — from missing out on lucrative bets to taking too much on — and what they learned from them
▼ + stars: | 2022-10-24 | by ( Alex Morrell | Alyson Velati | Asia Martin | ) www.businessinsider.com time to read: +17 min

Vinay Trivedi, a vice president at General Atlantic focusing on the technology sector. I don't think we necessarily transitioned fast enough to how people learn if we're only doing audio from home. - David Israel, 27, vice president at Credit SuisseAngel Pu Shum is a principal within Warburg Pincus's technology group. -Allison Boxer, 29, senior vice president and economist at PIMCONoah Zerance, a vice president with Bank of America's global sustainable-finance group. and the response would be, 'Well, we don't know how we do it yet.

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