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☆ Abrdn says banks 'well-prepared' for the most flagged recession in years
▼ + stars: | 2022-10-26 | 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 EmailAbrdn says banks 'well-prepared' for the most flagged recession in yearsLuke Hickmore, investment director at global investment firm Abrdn, says banks look well-positioned to cope with a possible forthcoming recession. However, he adds that it may be too soon for investors to start buying into the banking sector.

WelcomePAC, a Democratic-funded group that aims to reach ticket-splitting voters this fall, has launched a six-figure advertising campaign against Republican J.D. “WelcomePAC is launching the ‘Why No J.D.’ campaign to highlight why so many disaffected Republicans and independents are rejecting J.D. Luke Schroeder, a spokesperson for the Vance campaign, cast the effort as a waste of money. Ryan has tailored his message to appeal to independent and GOP voters and his campaign has far outraised Vance’s. He also spends considerable time in his stump speeches wrestling with Ryan’s overtures to GOP voters.

Like Truss, Sunak promised a tough approach to illegal immigration and vowed to expand the government’s controversial Rwanda immigration policy. At the time Johnson was running to lead Britain's Conservative Party and Sunak was a member of Parliament. Danny Lawson/PA Images/Getty Images Sunak speaks during a general election debate in Cardiff, Wales, in November 2019. Danny Lawson/PA/Getty Images Sunak delivers a speech during the annual Conservative Party Conference in Manchester in October 2021. Hollie Adams/Bloomberg/Getty Images Sunak and Murty are seen with their daughters, Krishna and Anoushka, while campaigning in Grantham, England, in July 2022.

☆ Leeds' problems deepen with home defeat by Fulham
▼ + stars: | 2022-10-23 | by ( Richard Martin | ) www.reuters.com time to read: +1 min

LEEDS, Oct 23 (Reuters) - Leeds United sank to a 3-2 defeat at home to Fulham in the Premier League on Sunday, leaving them in the relegation zone and heaping more pressure on coach Jesse Marsch. Leeds, who are without a league win since August, are 18th in the standings on nine points after a fourth consecutive defeat. Fulham also wasted two clear efforts but took the lead in the 74th minute when full-back Bobby Decordova-Reid headed in another cross from Pereira. The goal led to Leeds fans quickly turning on American coach Marsch, some chanting "You're getting sacked in the morning". Register now for FREE unlimited access to Reuters.com RegisterReporting by Richard Martin, Editing by William MacleanOur Standards: The Thomson Reuters Trust Principles.

☆ NBA roundup: Luka Doncic leads Mavs in record-breaking rout
▼ + stars: | 2022-10-23 | by ( ) www.reuters.com time to read: +8 min

Jrue Holiday added 19 points and 10 assists for Milwaukee, which established control by darting to a 13-0 lead out of the gate. Tyrese Haliburton contributed 24 points, 10 assists and five steals, while Jalen Smith had 19 points and 15 rebounds for Indiana. Jaden Ivey had 17 points, 11 rebounds and five assists, Bojan Bogdanovic fired in 16 points and Isaiah Stewart added 11 points. Evan Mobley added 16 points and Kevin Love sank five 3-pointers as part of his 15-point, 12-rebound performance. Josh Giddey added 19 points and 12 rebounds, and Mike Muscala scored 18 off the bench for Oklahoma City.

☆ Uganda applies well-honed lessons to new Ebola outbreak
▼ + stars: | 2022-10-22 | by ( Mithil Aggarwal | ) www.nbcnews.com time to read: +7 min

Now, the East African country — lauded for its coronavirus response, which was built around engaging the community and training health officials — is drawing lessons from the first Ebola outbreak in 2004. “They alerted the WHO early and put in the basic pillars of a response early,” Dr. Benjamin Black, an obstetrician, said recalling the West African Ebola response from 2014 to 2016. But Ghebreyesus said Wednesday a clinical trial of vaccines to combat the Sudan species of the Ebola virus could start within weeks. “There’s burnout amongst health workers, health officials and the public across the board in Uganda,” Agoada said. The threadlike Ebola virus spreads when it comes in contact with an infected person’s bodily fluids.

☆ 'Star Wars' actor Mark Hamill is helping donate drones to defend the skies over Ukraine against 'the evil empire'
▼ + stars: | 2022-10-22 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

Mark Hamill told Bloomberg he's helped send 500 drones to Ukraine through the country's United24 initiative. The "Army of Drones" program is collecting drone donations to "constantly monitor the front line." Hamill urged "everyone to come together and help Ukraine stand up in this war with the evil empire," Deadline reported. Other ambassadors of the "Army of Drones" program include Barbra Streisand, Liev Schreiber, Imagine Dragons, and Balenciaga creative director Demna, Deadline reported. Representatives for the "Army of Drones" program and Hamill did not immediately respond to Insider's requests for comment.

☆ More questions than answers surround the deaths of four friends found dead in an Oklahoma river
▼ + stars: | 2022-10-21 | by ( Tim Stelloh | Tim Stelloh Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +11 min

Mark Chastain, 32, and Billy Chastain, 30, were the “definition of brothers and were always together,” their grandmother, Milissia Smith, said in a verified online fundraiser. Billy Chastain — who went by BJ — was a handyman with four children, two girls and two boys ages 2 to 12, Gordon said. Megan GordonGordon said the last time she spoke to Billy Chastain was the day before he vanished. An affidavit filed for the grand theft charge states that Kennedy told the arresting officer that the truck's owner told him he could borrow the vehicle whenever he wanted. Kennedy told the officer he took the truck last week and drove to Florida for a weekend vacation, the document says.

☆ Former employees at merchandise startup Spring complained about working with creators who spread misinformation and conspiracy theories, but said the company turned a blind eye: 'These people make the
▼ + stars: | 2022-10-21 | by ( Amanda Perelli | ) www.businessinsider.com time to read: +9 min

A second former Spring staffer echoed the first's concerns, telling Insider they were uncomfortable with the company letting Godlewski earn revenue using Spring's services. Five former staffers at Spring told Insider it was an open secret that the platform worked with problematic creators, oftentimes because these creators made the company a lot of money. All of the former employees Insider talked to spoke on condition of anonymity to protect career prospects. Five former employees told Insider that We Are Change, and other storefronts like it, were some of the platform's bestsellers. Most staffers knew about it, the first former employee told Insider, and kept it hidden from leadership.

☆ NHL roundup: Sabres top Flames behind Alex Tuch's hat trick
▼ + stars: | 2022-10-21 | by ( ) www.reuters.com time to read: +8 min

Mandatory Credit: Sergei Belski-USA TODAY SportsOctober 21 - Alex Tuch produced his first career hat trick to help the visiting Buffalo Sabres earn a 6-3 win against the Calgary Flames on Thursday. Dylan Cozens and Casey Mittelstadt each added a goal and an assist while Rasmus Dahlin also scored for the Sabres. Register now for FREE unlimited access to Reuters.com RegisterTuch extended his goal streak to three games 46 seconds into the second period. Dahlin has scored in each of the Sabres' first four games, the longest season-opening goal streak by a blue-liner in NHL history. The Canadiens also got first period goals from Josh Anderson, Cole Caufield and Brendan Gallagher to get off to a 5-0 start.

read moreThe yield on the benchmark 10-year Treasury hit 4.338% earlier, the highest since November 2007. The two-year U.S. Treasury yield , which typically reflects interest rate expectations, surged to 4.639%, the highest since August 2007. We'll continue to see more calls for a slowdown (in Fed policy) as we feel more and more pain in risk markets," he added. The gap between yields on two- and 10-year Treasury notes , was at -27.5 basis points, that's the steepest since mid-September. The 10-year TIPS breakeven rate was last at 2.525%, reflecting the average inflation the market has priced in for the next decade.

A contractor works on a crude oil pipeline at the U.S. Department of Energy's Bryan Mound Strategic Petroleum Reserve in Freeport, Texas, in 2016. There are now about 400 million barrels of crude oil left in the SPR. Since its establishment, only three presidents other than Biden have directed the sale of oil from the petroleum reserve, while exchanges have been more common. Barack Obama directed the release of 30 million barrels in 2011 to offset supply disruptions caused by Libya’s civil war; in 2005, George W. Bush released 11 million barrels to help refiners hurt by Hurricane Katrina; and in 1991, George H.W. Bush released 17 million barrels in response to the Gulf War.

☆ Becky G sees 'magic' in collaborations with fellow artists
▼ + stars: | 2022-10-19 | by ( Liz Calvario | ) www.nbcnews.com time to read: +9 min

Becky G was just 14 years old when she signed her first record deal. In 2016, Becky started releasing songs in Spanish, finding a wider audience and recognition. “I use the word collaboration a lot, because to me, that’s where the magic happens. 1 spot on the Hot Latin Songs chart. That’s really where I tried to focus a lot of my energy and make an impact.

☆ Goldman Sachs's CEO David Solomon concedes that some of his efforts to transform the powerhouse bank have not been paying off
▼ + stars: | 2022-10-18 | by ( Business Insider | ) www.businessinsider.com time to read: +7 min

Goldman Sachs CEO David Solomon took major steps to restructure the Wall Street bank in 2020. This week he acknowledged that some of his bets, including consumer bank Marcus, are not paying off. Despite the move away from consumer banking, Solomon appears to want to continue to push into wealth management. In October, he said Goldman Sachs Asset Management has grown into the nation's fifth largest asset manager. "We also believe that reaching and serving employees in their workplace is a significant growth opportunity for Goldman Sachs," Solomon said on the third-quarter call.

CNN —British Prime Minister Liz Truss on Monday apologized for her controversial mini-budget that crashed the country’s currency, rattled financial markets and led to her firing her finance minister and closest political ally. The moves amount to a gutting of Truss’ flagship “growth plan” and leave her in a perilous political position. “We have to make sure though, that we have economic stability, and that has to be my priority as prime minister. Truss added it was “painful” to sack her “friend” Kwarteng as finance minister but said she stood by her decision. She also apologized to her party’s lawmakers for her “mistakes” but said she would “move forward” and focus on delivering for the UK.

☆ Who's up and who's down in the latest Goldman Sachs restructuring under CEO David Solomon
▼ + stars: | 2022-10-17 | by ( Dakin Campbell | ) www.businessinsider.com time to read: +9 min

And he will also oversee a wealth management business that is now going to include portions of the consumer business, but wrapped in a wealth management offering. Both, according to Bloomberg's reporting, are being demoted to senior positions within Nachmann's asset and wealth management division. Stephanie CohenAnother executive thought by insiders to have lost some of her territory is Stephanie Cohen, the co-head of the consumer and wealth management division. Had Cohen been able to successfully helm the consumer and wealth management division alongside Tucker York, the currently discussed changes wouldn't have been needed, the people said. Cohen's co-head, York, will now return to his prior role of running the bank's successful private wealth management business.

☆ Analysis: 'Big Shot' new season finds the ball back in John Stamos' court
▼ + stars: | 2022-10-15 | by ( Lisa Respers France | ) edition.cnn.com time to read: +7 min

But thanks to John Stamos, I’m now more of a basketball fan, which leads us into what to watch this week. Three things to watch‘Big Shot’ Season 2(From left) John Stamos as Coach Korn and Sophia Mitri Schloss as Emma Korn are shown in a scene from "Big Shot." “I need to now cut her loose and let her live in the minds and hearts of the fans that have supported her,” Curtis told Entertainment Weekly. “Sharing people’s stories that are not just on a rap sheet will help people get comfortable and understand where someone has come from,” Kardashian told The Hollywood Reporter. “I wasn’t talking about politics,” Elias told CNN.

London CNN Business —UK Prime Minister Liz Truss has fired finance minister Kwasi Kwarteng and ditched a big part of her discredited economic strategy in a desperate bid to rescue her month-old premiership. “It was right, in the face of the issues we had, that I acted decisively to ensure that we had economic stability,” Truss said Friday. Kwarteng presented a “mini budget” just three weeks ago, promising tax cuts worth £45 billion ($50 billion) and increased borrowing with the hope of boosting UK economic growth. “Liz Truss’ reckless approach has crashed the economy, causing mortgages to skyrocket, and has undermined Britain’s standing on the world stage,” he said. Kwarteng had flown back from the IMF meeting in Washington, D.C., overnight for discussions with Truss.

London CNN Business —UK Prime Minister Liz Truss will hold a news conference Friday amid widespread speculation that she’s getting ready to ditch a big part of her economic strategy unveiled just three weeks ago. Kwarteng flew back from the IMF meeting in Washington, D.C., on Friday for discussions with Truss about the plan. Under pressure, Kwarteng has already brought forward his full budget statement to Oct. 31, more than three weeks earlier than planned. But investors may not be prepared to wait that long for reassurance about the state of Britain’s public finances. — Luke McGee and Zahid Mahmood in London, and Xiaofei Xu in Paris contributed to this article

☆ UK cliff edge arrives as Bank of England prepares to end its emergency bond buying
▼ + stars: | 2022-10-14 | by ( Elliot Smith | ) www.cnbc.com time to read: +5 min

The Bank's Financial Stability Committee on Sep. 28 announced a two-week emergency purchase program for long-dated U.K. government bonds. Bloomberg | Bloomberg | Getty ImagesLONDON — The Bank of England's emergency bond-buying program draws to a close on Friday, with traders remaining on edge as volatility in the U.K. bond market looks set to continue. The central bank initially announced the two-week intervention in the long-dated bond market on Sep. 28, having been informed that a number of liability driven investment (LDI) funds — held by pension plans — were hours from collapse as U.K. government bond prices plunged. The BOE's Pill also highlighted that recent actions taken to ensure orderly market function and financial stability sought to preserve the effectiveness of monetary policy, but should not be considered monetary policy actions in themselves. Chris Lupoli, U.K. rates and inflation strategist at BNP Paribas , told CNBC Thursday that the Bank of England remained focused on the temporary purchases serving as a "backstop."

☆ Amid talk of a recession, experts share why now is a good time to start a business and which industries are the most promising
▼ + stars: | 2022-10-13 | by ( Alexandra York | ) www.businessinsider.com time to read: +7 min

While the prospect of an economic downturn can be worrying, indicators suggest it's still a good time to start a business. "When starting a business, your capital needs are as low as they're ever going to be," he said. Mawhinney, along with an economist, a business coach, and an entrepreneur, each shared their predictions for the coming years and why they encourage aspiring business owners to jump on the entrepreneurial bandwagon now. "But what we're seeing now is they've realized that employment itself is risky, and it's become easier to start that business." She encourages her coaching clients, who are aspiring entrepreneurs and freelancers, to take advantage of the new opportunities.

☆ The Højgaard twins: Mistaken identity and making history
▼ + stars: | 2022-10-13 | by ( Jack Bantock | ) edition.cnn.com time to read: +5 min

Welcome to life on Tour as the identical Højgaard twins, the 21-year-old rising stars of Danish golf. Richard Heathcote / Getty ImagesDays later, congratulations once again poured in for Nicolai, but this time there was no case of mistaken identity. Playing via a last-minute invite to the event, a one-stroke triumph at Marco Simone Golf Club secured him his maiden European Tour win and wrote the Højgaard name into the history books as the first brothers to win back-to-back Tour events. Nicolai celebrated his first Tour win at the Italian Open. “That would be a cool experience to share with Nicolai as well, maybe play a foursome together.”

☆ Bad Bunny dominates American Music Award nominations
▼ + stars: | 2022-10-13 | by ( Lisa Richwine | ) www.reuters.com time to read: +2 min

Bad Bunny performs during his World's Hottest Tour at SoFi Stadium in Inglewood, California, U.S., September 30, 2022. Bad Bunny received a total of eight AMA nominations and will compete for artist of the year against British singers Adele and Harry Styles and Canadian musician The Weeknd. Bad Bunny's other nods included favorite male pop artist, favorite music video and favorite touring artist. If Bad Bunny wins all eight awards he is eligible for, he would tie 1980s superstars Michael Jackson and Whitney Houston for the most AMA wins in a single year. In country music categories, Chris Stapleton, Luke Combs and Morgan Wallen are among the nominees for favorite male country artist.

☆ Factbox: Key nominees for the 2022 American Music Awards
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +2 min

LOS ANGELES, Oct 13 (Reuters) - Nominations were announced on Thursday for the 2022 American Music Awards. Fan votes will determine the winners, and the awards will be presented at a televised ceremony in Los Angeles on Nov. 20. Following is a list of key nominations:ARTIST OF THE YEARAdeleRegister now for FREE unlimited access to Reuters.com RegisterBad BunnyBeyonceDrakeHarry StylesTaylor SwiftThe WeekndNEW ARTIST OF THE YEARDove CameronGAYLELattoManeskinSteve LacyCOLLABORATION OF THE YEARCarolina Gaitan, Mauro Castillo, Adassa, Rhenzy Feliz, Diane Guerrero, Stephanie Beatriz & Encanto Cast -- "We Don’tTalk About Bruno"Elton John & Dua Lipa -- "Cold Heart"Future featuring Drake & Tems -- "Wait for U"Lil Nas X ft. Jack Harlow -- "Industry Baby"The Kid LAROI & Justin Bieber -- "Stay"FAVORITE TOURING ARTISTBad BunnyColdplayEd SheeranElton JohnThe Rolling StonesFAVORITE MUSIC VIDEOAdele -- "Easy On Me”Bad Bunny featuring Chencho Corleone -- "Me Porto Bonito"Harry Styles -- "As It Was"Lil Nas X featuring Jack Harlow -- "INDUSTRY BABY"Taylor Swift -- "All Too Well (Taylor’s Version)"FAVORITE MALE POP ARTISTBad BunnyDrakeEd SheeranHarry StylesThe WeekndFAVORITE FEMALE POP ARTISTAdeleBeyonceDoja CatLizzoTaylor SwiftFAVORITE POP DUO OR GROUPBTSColdplayImagine DragonsManeskinOneRepublicFAVORITE POP SONGAdele -- "Easy On Me"Carolina Gaitan, Mauro Castillo, Adassa, Rhenzy Feliz, Diane Guerrero, Stephanie Beatriz & Encanto Cast -- "We Don’tTalk About Bruno"Harry Styles -- "As It Was"Lizzo -- "About Damn Time"The Kid LAROI & Justin Bieber -- "STAY"FAVORITE MALE COUNTRY ARTISTChris StapletonCody JohnsonLuke CombsMorgan WallenWalker HayesFAVORITE FEMALE COUNTRY ARTISTCarrie UnderwoodLainey WilsonMaren MorrisMiranda LambertTaylor SwiftFAVORITE COUNTRY DUO OR GROUPDan + ShayLady AOld DominionParmaleeZac Brown BandFAVORITE MALE HIP-HOP ARTISTDrakeFutureKendrick LamarLil BabyLil DurkFAVORITE FEMALE HIP-HOP ARTISTCardi BGloRillaLattoMegan Thee StallionNicki MinajFAVORITE ROCK ARTISTImagine DragonsMachine Gun KellyManeskinRed Hot Chili PeppersThe LumineersFAVORITE K-POP ARTISTBLACKPINKBTSSeventeenTomorrow X TogetherTwiceRegister now for FREE unlimited access to Reuters.com RegisterReporting by Lisa Richwine; Editing by Robert BirselOur Standards: The Thomson Reuters Trust Principles.

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☆ American Music Awards 2022: See the full list of nominees
▼ + stars: | 2022-10-13 | by ( Sandra Gonzalez | ) edition.cnn.com time to read: +3 min

The Puerto Rican performer is the most-nominated artists for the 2022 American Music Awards, earning eight nominations, among them his first-ever for artist of the year. Beyoncé, Drake and Taylor Swift each earned six nominations, while Adele, Harry Styles and The Weeknd came in with five a piece. And elsewhere, Elton John made history for what the show called being “the longest-recognized artists” in the show’s history. The show also boasted about the addition of a new category dedicated to the K-Pop genre, favorite K-Pop artist. The American Music Awards will air Sunday, November 20 at 8 p.m.

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