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☆ The Unexpectedly Chic Halloween Decor Hiding at Home Depot
▼ + stars: | 2022-10-12 | by ( Allison Duncan | ) www.wsj.com time to read: 1 min

Aranza García of interiors and architecture firm Chuch Estudio, in Mérida, Yucatán, describes Mexico’s Día de Muertos celebration as a “religious experience” marked by elaborate altars and colorful floral installations. In contrast, she says, Halloween festivities in the U.S. tend to skew fun rather than deferential, and Ms. García loves to lean into the holiday with playful accessories. Here, she shares her top picks from five mass-furnishing retailers.

☆ ‘Fat Bear Week’ Has a New Champion After Voting Scandal
▼ + stars: | 2022-10-12 | by ( Allison Prang | ) www.wsj.com time to read: 1 min

Fat Bear Week has a new furry champ who is believed to be one of the biggest brown bears on the planet, but not after a voting scandal ensnarled the results. The latest winner of the competition, in which people vote for their favorite fat bear located in the Katmai National Park and Preserve in Alaska, is a bear known as Bear Force One, or bear number 747. The winner of the competition, put on by Explore.org and the National Park Service, was announced Tuesday night.

☆ A weed gummy theory for the Fed’s high-stakes interest rate gamble
▼ + stars: | 2022-10-12 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

Here’s the thing: The Fed right now is wearing blinders, and it only cares about bringing down inflation, my colleague Paul R. La Monica writes. The Weed Gummy TheoryThere’s an analogy offered by investment analyst Peter Boockvar last month that I can’t stop thinking about. He compared the Fed to an eager but inexperienced consumer of weed gummies, which, notoriously, take longer than anyone expects to kick in. Bankruptcies: Rate hikes make it more expensive for companies to pay down debt, increasing the risk of corporate bankruptcies and defaults. The so-called PPI, which tracks what suppliers charge other businesses for goods and services, showed prices going up 8.5% from a year ago.

☆ Strong Dollar Goes Far for Americans Traveling to the U.K., Europe and Japan
▼ + stars: | 2022-10-11 | by ( Allison Pohle | ) www.wsj.com time to read: 1 min

American travelers have a once-in-a-generation chance to ride the strong dollar overseas. The euro, Japanese yen and British pound have recently fallen to multidecade lows against the dollar. The pound was off 15.2% against the dollar as of Monday from six months earlier, to $1.11, according to FactSet. The yen and euro have also fallen in the past six months, down 14.7% and 10.8% respectively. For U.S. tourists, even those used to international travel on a budget, this means a license to spend in destinations where their dollars are going further.

☆ Trips to London, Tokyo and Europe Haven’t Been This Affordable in 25 Years
▼ + stars: | 2022-10-11 | by ( Allison Pohle | ) www.wsj.com time to read: 1 min

☆ Meta’s headset makeover yields a $1,500 toy in search of a purpose
▼ + stars: | 2022-10-11 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

On Tuesday, Meta unveiled its latest effort in that mission, the Meta Quest Pro headset. But it costs $1,500 — nearly four times that of the company’s cheapest Quest 2 headset. Wages are up an estimated 5% this year in manufacturing — that’s not keeping up with inflation, but it is in line with the national average. “But by and large our manufacturing jobs today are high tech.”Bottom line: The labor story in America remains one where the narrative of recent history doesn’t quite hold. In most downturns, we’ve seen manufacturing decline, giving it a bad rap as a job that’s going extinct.

☆ XPO Logistics Appoints CFO, Assembles Board
▼ + stars: | 2022-10-10 | by ( Kathryn Hardison | ) www.wsj.com time to read: +1 min

XPO Logistics Inc. has assembled its board of directors and appointed a chief financial officer as it proceeds with plans to spin off its tech-enabled brokered transportation platform. Brad Jacobs will serve as executive chairman, and Johnny C. Taylor Jr., Allison Landry, Jason Aiken and Michael Jesselson will remain as directors, the company said. Three additional directors were named to the board: Bella Allaire, the executive vice president of technology and operations with Raymond James Financial; Mario Harik, future chief executive officer of XPO following the spinoff; and Irene Moshouris, the senior vice president and treasurer of United Rentals. XPO Logistics appointed Carl Anderson as its chief financial officer. Mr. Anderson most recently served as CFO of Meritor Inc., a global supplier of OEM and aftermarket parts for commercial vehicle and industrial markets, XPO Logistics said.

☆ The econ Nobel offers a timely warning about central banks’ power
▼ + stars: | 2022-10-10 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

New York CNN Business —The Nobel in economics is sort of the step-cousin of the Nobel family. Some scholars really dislike the economics prize, including one of Nobel’s own descendants, who dismissed it as a “PR coup by economists.”But hey, it still comes with a cash prize. In short, his work demonstrates that banks’ failures are often a cause, not merely a consequence, of financial crises. The Nobel committee has been known to play politics (see: that time Barack Obama was awarded the Nobel Peace Prize after being in office for just eight months). And right now, it is using its spotlight to call attention to the high-stakes gamble playing out at central banks around the world, most notably the Fed.

☆ Why tomorrow’s big jobs report has global implications
▼ + stars: | 2022-10-06 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

Seems counter-intuitive, but the Fed (and much of Wall Street) is actually rooting for that number to go down. Here’s the thing: Before the pandemic and its whiplash-inducing economic rebound, the US economy averaged about 200,000 new jobs each month. In the last jobs report, wages were up 5.2% over the last 12 months. GRIM PROGNOSIS(CNN Business) Peloton announced yet another round of layoffs — its fourth round of cuts this year — as its new CEO attempts to shore up the company’s bottom line. And if it fails, McCarthy told The Wall Street Journal, Peloton likely isn’t viable as a stand-alone company.

☆ 5 signs the world is headed for a recession
▼ + stars: | 2022-10-02 | by ( Allison Morrow | ) edition.cnn.com time to read: +12 min

New York CNN Business —Around the world, markets are flashing warning signs that the global economy is teetering on a cliff’s edge. There’s now a 98% chance of a global recession, according to research firm Ned Davis, which brings some sobering historical credibility to the table. In an interview, its CEO was asked whether he believes the slowdown was a sign of a looming global recession. The upshotWhile the consensus is that a global recession is likely sometime in 2023, it’s impossible to predict how severe it will be or how long it will last. Not every recession is as painful as the 2007-09 Great Recession, but every recession is, of course, painful.

☆ Six people are shot at a California school, official says
▼ + stars: | 2022-09-29 | by ( Tim Stelloh | Tim Stelloh Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +1 min

Six people were injured Wednesday in a shooting at an Oakland, California, school, authorities said. The shooting occurred shortly before 1 p.m. at a campus with four schools, including a middle school and a high school, in the city's Eastmont Hills neighborhood, Allison told reporters. Schaaf said earlier that the gunfire erupted at Sojourner Truth, a K-12 independent study school also at the campus. Victims were found inside the school, Allison said. Authorities said a 12-year-old shot a 13-year-old at Madison Park Academy on Aug. 29, wounding the boy.

☆ Ford, GM upgrade their heavy-duty pickup profit machines
▼ + stars: | 2022-09-28 | by ( Joseph White | ) www.reuters.com time to read: +3 min

Ford said the Super Duty franchise generates "more revenue than many Fortune 500 companies, including Southwest Airlines, Marriott International or Nordstrom." Heavy-duty pickups such as the Super Duty and Silverado HD do dirty work in oil fields and on construction sites. Ford on Tuesday unveiled the latest generation of the Super Duty at Churchill Downs racetrack in Louisville, Kentucky, not far from the factory where most Super Duty trucks are built. read moreOne day ahead of Ford's Super Duty reveal, Chevrolet outlined a list of improvements to its Silverado HD heavy pickup line, which trails the Super Duty in sales. Chevrolet said it will now offer only a 10-speed Allison transmission on its heavy duty Silverado trucks.

☆ Markets in a tailspin get a big dose of chill from the Bank of England
▼ + stars: | 2022-09-28 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

The global financial system is “like a pressure cooker” right now, said Chris Turner, global head of markets at ING. Once, the idea of paying sticker price at a dealership was laughable — a trap that only suckers would fall into. The South Korean company’s sedans and SUVs are selling for about 6% over their sticker price, according to data from Edmunds.com. Used car prices — which shot up to dizzying heights early in the pandemic — have finally begun falling. “Speak to any (very) large used car dealer and you will hear the same - an absolute vortex of deflation is coming to used car prices,” tweeted Ophir Gottlieb, the CEO of Capital Market Laboratories, earlier this month.

☆ What It Costs to Get an Abortion Now
▼ + stars: | 2022-09-28 | by ( Allison Mccann | ) www.nytimes.com time to read: +15 min

Abortion Fund Northwest Abortion Access Fund Hoosier Abortion Fund Midwest Access Coalition WMF Wisconsin New Orleans Abortion Fund 2021 total N.M. Abortion Fund Northwest Abortion Access Fund Hoosier Abortion Fund Midwest Access Coalition WMF Wisconsin 2021 total New Orleans Abortion Fund New Mexico Religious Coalition for Reproductive Choice Florida Access Network North Dakota WIN FundSince the court’s decision, abortion has been banned in large parts of the Midwest and the South. Abortion Fund Chicago Abortion Fund $1,000 $500 $297 $255 $200 $175 2021 2022 YTD 2021 2022 YTD Hoosier Abortion Fund WMF Wisconsin $1,000 $500 $253 $256 $238 $242 2021 2022 YTD 2021 2022 YTD New Mexico Religious Coalition for Reproductive Choice Midwest Access Coalition $1,000 $500 $346 $338 $185 $182 2021 2022 YTD 2021 2022 YTD Northwest Abortion Access Fund New Orleans Abortion Fund North Dakota WIN Fund $1,100 $1,000 $729 $700 $658 $500 $308 $242 2021 2022 YTD 2021 2022 YTD 2021 2022 YTD Chicago Abortion Fund Florida Access Network D.C. Abortion Fund $1,000 $500 $300 $297 $255 $200 $225 $175 2021 2022 YTD 2021 2022 YTD 2021 2022 YTD Hoosier Abortion Fund WMF Wisconsin $1,000 $500 $253 $256 $238 $242 2021 2022 YTD 2021 2022 YTD New Mexico Religious Coalition for Reproductive Choice Midwest Access Coalition $1,000 $500 $346 $338 $185 $182 2021 2022 YTD 2021 2022 YTD Northwest Abortion Access Fund New Orleans Abortion Fund North Dakota WIN Fund Florida Access Network D.C. Abortion Fund Northwest Abortion Access Fund Chicago Abortion Fund New Orleans Abortion Fund Midwest Access Coalition Hoosier Abortion Fund WMF Wisconsin 2021 total North Dakota WIN Fund N.M.

The 193-nation International Civil Aviation Organization's (ICAO) assembly, held every three years, is the first since COVID-19 put pressure on policymakers to speed up reforms. "We have to do something," Emile Nguza Arao, director general of Kenya's Civil Aviation Authority, told Reuters. Officials hope a global target will boost supplies of new Sustainable Aviation Fuel and encourage private investment. Even then, aviation is expected to remain in the cross-hairs of climate groups who see the exercise as a smokescreen. "A long-term emissions reduction goal with no enforceability plan is dead on arrival," said Jo Dardenne, aviation director at Brussels-based Transport & Environment.

☆ The Truss tax plan cushions the wealthy while pushing borrowers toward a financial cliff
▼ + stars: | 2022-09-27 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

That’s because the Bank of England is now widely expected to hike interest rates even further to tackle inflation that will be exacerbated by the government’s sweeping tax cuts. That means many as 1.8 million borrowers are now hurtling toward a financial cliff as they prepare to refinance next year, when the mortgage rate may well have doubled. The vast majority (nearly two-thirds) of the tax gains go to the wealthiest one-fifth of households, according to one think tank estimate. According to the US Treasury, tax cuts reduced federal revenues by about 9% in the first couple of years. However, Congress eventually decided the sweeping tax cuts were unsustainable and, with Reagan’s approval, raised taxes by a lot in 1982.

A worker cuts a cast at Mitchell Aerospace, Inc., a manufacturer of light alloy sand castings for the aerospace industry, in Montreal, Quebec, Canada September 9, 2022. REUTERS/Christinne MuschiMONTREAL/CHICAGO, Sept 27 (Reuters) - Canada's Mitchell Aerospace has a booming business - and a shop-floor shortfall that is reverberating from Boeing (BA.N) to Airbus (AIR.PA). A slowing global economy has started to unwind some supply chain shortages that hit manufacturers and contributed to inflation. But aircraft parts makers are still reeling from deep job cuts undertaken when planes were grounded during the pandemic, a sign of how uneven the supply chain crisis remains. Airbus' production target has declined, while Boeing warned supply chain pressures have capped its ability to ramp up output.

☆ The UK’s ‘Trussonomics’ crashes the pound and leaves investors shaking their heads
▼ + stars: | 2022-09-26 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

Here’s the deal: The British pound tumbled to a record low against the US dollar on Monday as investors around the world dumped UK assets. For the first time in history, the pound is on track to hit parity with the dollar before the end of the year. Part of the pressure on the pound comes from the strong dollar, which has gotten a boost from the Federal Reserve’s interest rate hikes. But the pound is also falling against the euro, signaling broader concerns about the UK’s financial health. “This is a painful reminder that economic policy is not a game,” said Torsten Bell, chief executive of the Resolution Foundation, a think tank that focuses on boosting living standards for low- to middle-income households.

☆ Sunwing union opposes Canadian carrier's plans to hire foreign pilots
▼ + stars: | 2022-09-25 | by ( Allison Lampert | ) www.reuters.com time to read: +3 min

Airline industry use of foreign pilots as aviation rebounds from the COVID-19 pandemic is sensitive for unions in Canada and the United States. Those unions want greater efforts to hire pilots from the airlines' home countries despite complaints of shortages. The use of pilots as temporary foreign workers is rare compared with other sectors. In the first half of 2022, Canadian employers were granted permission to fill 32 pilot positions with temporary foreign workers, according to government data. A spokeswoman for O'Regan said it was up to an employer to meet requirements to bring in temporary foreign workers.

☆ Goldman Sachs: Newly-unredacted document alleges dozens of incidents of "sexual assault and harassment" at firm, lawsuit says
▼ + stars: | 2022-09-24 | by ( Laura Ly | ) edition.cnn.com time to read: +1 min

(CNN) A newly-unredacted document alleging an "uncorrected culture of sexual assault and harassment" at investment bank Goldman Sachs states that at least 75 incidents of alleged sexual assault and harassment were reported between 2000 and 2011. The document is part of an ongoing gender discrimination lawsuit against the investment bank that dates back to 2010. The lawsuit, originally filed on behalf of former Goldman Sachs employees Cristina Chen-Oster, Allison Gamba, Shanna Orlich, and Mary de Luis, became a class-action lawsuit in 2018. It now represents over 1,400 current and former female associates and vice-presidents at Goldman Sachs who say they encountered discrimination over pay, promotion, and reviews, according to a press release. At the time, a spokesman for Goldman Sachs called it a "a normal procedural step for any proposed class action lawsuit" that "does not change the case's lack of merit."

☆ Goldman Sachs: Newly-unredacted document alleges dozens of incidents of ‘sexual assault and harassment’ at firm, lawsuit says
▼ + stars: | 2022-09-24 | by ( Laura Ly | ) edition.cnn.com time to read: +3 min

CNN —A newly-unredacted document alleging an “uncorrected culture of sexual assault and harassment” at investment bank Goldman Sachs states that at least 75 incidents of alleged sexual assault and harassment were reported between 2000 and 2011. The document is part of an ongoing gender discrimination lawsuit against the investment bank that dates back to 2010. Richard Perry/The New York Times/ReduxThe lawsuit, originally filed on behalf of former Goldman Sachs employees Cristina Chen-Oster, Allison Gamba, Shanna Orlich, and Mary de Luis, became a class-action lawsuit in 2018. Goldman Sachs said in a statement Friday that the allegations do not “reflect reality” and that many of the claims are “two decades old and have been presented selectively, inaccurately and are incomplete. ““Discrimination, harassment and mistreatment in any form are unacceptable at Goldman Sachs, and when identified, swift action, including termination, is taken.

☆ Bill Ackman, billionaire hedge fund manager, argues for increasing immigration to fight inflation
▼ + stars: | 2022-09-23 | by ( Allison Morrow | ) edition.cnn.com time to read: +2 min

New York CNN Business —Bill Ackman, the billionaire hedge fund manager and activist investor, has an alternative idea to fight inflation: Increase immigration. “Inflation can be mit igated by reducing demand and/or by increasing supply,” tweeted Ackman of Pershing Square Capital. “Doesn’t it make more sense to moderate wage inflation with increased immigration than by raising rates, destroying demand, putting people out of work, and causing a recession? The argument goes that by increasing the availability of workers in the United States, businesses will be less strained to fill open positions. Corporations have also passed along costs to preserve their profit margins, and climate change is creating unprecedented volatility across commodity markets.

☆ FedEx needs to deliver on cost-cut plan as investor patience wanes, analysts say
▼ + stars: | 2022-09-23 | by ( Kannaki Deka | ) www.reuters.com time to read: +2 min

A FedEx last-mile delivery van is seen near a FedEx Ground distribution center in Carson, California, U.S., September 16, 2022. Last week, FedEx withdrew the financial forecast it issued just three months ago, adding to investor frustrations about a delay in turnaround. Some analysts said FedEx had enough room to cut costs and pricing power was holding up, for now. "There is abundant evidence that there are excess costs at FedEx, which could be trimmed with proper management focus and execution," Credit Suisse analysts said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Kannaki Deka in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

REUTERS/Yuri Gripas/File Photo/File PhotoCompanies Democracy Investments Llc FollowSept 23 (Reuters) - A federal jury has found Project Veritas, a conservative group often accused of using deceptive tactics, liable for violating wiretapping laws and misrepresenting itself in an undercover effort to target Democratic political consultants. Project Veritas said it did nothing wrong and will appeal. Media including the New York Times, which Project Veritas is suing for defamation, and Politico earlier reported the verdict. The case is Democracy Partners LLC et al v Project Veritas Action Fund et al, U.S. District Court, District of Columbia, No. Register now for FREE unlimited access to Reuters.com RegisterReporting by Jonathan Stempel in New York; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

☆ Tesla Recalls Nearly 1.1 Million Cars Over Window Pinching Concerns
▼ + stars: | 2022-09-22 | by ( Allison Prang | ) www.wsj.com time to read: 1 min

Tesla is recalling almost 1.1 million of its electric vehicles over concerns that a closing window could pinch a passenger before it retracts. The recall applies to certain of its Model 3 vehicles for 2017-22 along with Model Ys for 2020-21 and Model S and Model X vehicles for 2021-22, the National Highway Traffic Safety Administration said.

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