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☆ A portfolio manager behind a 95th-percentile growth fund gives a blueprint for finding successful stocks — and shares where to find long-term winners as the economy slows
▼ + stars: | 2023-10-17 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Despite a recent hiccup, growth stocks are in style as concerns about the US economy persist. Growth stocks may generate earnings quickly, but that doesn't mean stock-pickers should rush to sell them — even after letdowns like a disappointing quarter. Every stock in the 52-year-old growth fund has tailwinds like sustainable earnings growth and defendable competitive advantages, Humphrey said. Valuation is an afterthought for some growth managers, but not those on Humphrey's team. Along with Meta Platforms (META), the USAA Victory Growth Fund's top holdings include streaming media titan Netflix (NFLX) and communications conglomerate Alphabet (GOOGL).

Persons: It's, Lance Humphrey, Humphrey Organizations: Growth, Victory Capital Management, Companies, Federal Reserve, Meta, Netflix, Biotech, Vertex Pharmaceuticals

☆ Elon Musk’s worst nightmare
▼ + stars: | 2023-10-12 | by ( Adam Rogers | ) www.businessinsider.com time to read: +13 min

It's hard to tell, for a simple reason: The data on the safety of robot cars sucks. Until robot cars have traveled for hundreds of millions of miles, there's no way to get a statistically significant, unequivocal conclusion. If the data on robot cars is equivocal or incomplete, then those rules should keep them off the road. In a sense, she's Elon Musk's worst nightmare. To her, the safety of self-driving cars is not an abstract question.

Persons: Missy Cummings, Elon Musk, Cummings, Elon, Musk, Tesla, stans, Musk's, —, that's, Terry Chea, Big, Waymo, Kyle Vogt, Cruise, Vogt, hillier, it's, Steven Shladover, Missy, She's, she's Elon, Don Quixote, Adam Rogers Organizations: Twitter, Duke University, National, Traffic, Musk's bros, NHTSA, George Mason University, Cruise, Navy, LinkedIn, Waymo, UC Berkeley's Institute of Transportation Studies, San, Boeing, Max Locations: San Francisco, Muskovites, Silicon, Silicon Valley, California

☆ I entered a bidding war to land an apartment. It was way more brutal than I expected.
▼ + stars: | 2023-10-11 | by ( James Rodriguez | ) www.businessinsider.com time to read: +16 min

Yet one of the enduring legacies of the COVID-era housing market may be the proliferation of bidding wars for rentals. Bidding wars have periodically reared their ugly heads during overheated stretches in New York City's housing market. And while things have cooled down since the mania of 2022, in places where available rental inventory remains low, the bidding wars just won't die. Still, it's hard not to worry that we've opened Pandora's box when it comes to bidding wars. Bidding wars may feel distasteful, embarrassing, and unfairly favor those with the means to drive up already exorbitant asking rents.

Persons: Phil, Rikki Mueller, That's, I've, David Harris, Coldwell Banker Warburg, Harris, didn't, Frances Katzen, Douglas Elliman, Jonathan Miller, Miller, Mueller, Stan Broekhoven, Broekhoven, we've, we'd, he'd, They'd, wasn't, —, James Rodriguez Organizations: New, Coldwell Banker, Austin, Google Locations: Manhattan's East, homebuying, New York, Chicago, Boston, Austin, Brooklyn, New York City, California, Los Angeles, South Florida, , New York, Salt Lake City, Las Vegas, Manhattan, David Harris , New York City

☆ Bidding wars over apartments are more ferocious than ever — and they're here to stay
▼ + stars: | 2023-10-11 | by ( James Rodriguez | ) www.businessinsider.com time to read: +16 min

☆ Kyiv: Touting American-made guns, frontline Ukrainian soldiers fear potential loss of US military support
▼ + stars: | 2023-10-03 | by ( Vasco Cotovio Frederik Pleitgen Daniel Hodge Kostyantin Gak | Vasco Cotovio | Frederik Pleitgen | ) edition.cnn.com time to read: +5 min

Donetsk region, Ukraine CNN —A Ukrainian solider rushes through the front-line in Klishchiivka, eastern Ukraine, as gun and artillery fire erupt around him. A Ukrainian soldier practices with an American-donated machine gun at a training ground in eastern Ukraine. Vasco Cotovio/CNNUnfazed by the artillery duels just a few miles away, over the battered city of Bakhmut, Vasyl, 44, practices with a US-made M2 Browning machine gun. “This is a large-caliber machine gun that works without failures,” said Vasyl, who asked that his last name not be used due to safety concerns. Back at the Ukrainian military training ground, smoke billows on the horizon but a momentary silence suggests an end to the artillery duel in the distance.

Persons: Panting, United States —, Joe Biden, Vasco Cotovio, ”, Vasyl, “, Oleksiy Danilov, Vladimir, Putin, ” Danilov, it’s Organizations: Ukraine CNN —, Russian, United, Ukraine, CNN, Ukraine’s National, US Locations: Donetsk, Ukraine, Ukrainian, Klishchiivka, American, Belgian, United States, Kyiv, Washington, Bakhmut, Soviet

☆ At Rosemead High, generations of students were harassed or groomed for sex as they tried to get an education
▼ + stars: | 2023-10-03 | by ( Matt Drange | ) www.businessinsider.com time to read: +87 min

Students were regularly subjected to sexual harassment by Hall, two former students told me. “I feel like so many of us were victims to the culture,” one former Rosemead student told Insider. Manipulation by a trusted adult has been passed like a virus to generations of Rosemead students. AdvertisementThe Shops at Santa Anita in Arcadia have long been a local haunt for Rosemead High students. We wondered aloud whether Masiello had harassed our mother the same way he'd done to generations of Rosemead students.

Persons: Clara didn't, She'd, Alex Rai, Eric Burgess, Burgess, Rai, Clara, they'd, Rai texted, she'd, who'd, Mark Abramson, Rai didn't, Leonard Levine, — I'm, Alex Rai wasn't, wouldn't, Rosemead, RubyAnna Sare, Sare, Harlan Mayne, Mayne, Dwain Crum, he'd, colluded, Crum, Robin Torres, Torres, Edward Zuniga, Zuniga, Paul Arevalo, Kristy, Jim Hall, Hall, groped, Angela, Diane Bladen, Bladen, Michael Sullivan, Sullivan, Denton Todd, Todd, Barbara, Arevalo, Barbara said, Matt Drange, Andrew Dalton, Dalton, ” Mark Abramson, I've, Will, Suzy, Carly Sanchez, Sanchez, aren't, —, David Pitts —, Pitts, Cindy, Scriabin, David Pitts, couldn't, That's, G, You'd, It's, Wing Chan, Chan, Louis Vuitton, Justin Rosien, Rosien, Rosien texted, cringed, Jim Hall's, Don Masiello, Paul Arevalo's, Sergio Caveyo, Caveyo, Brian Day, Alex, messaged, Brian Aliff, Aliff, Nichole, I'd, scoot, Michelle, Michelle's, Michelle didn't, Sarah, Brian Bristol, didn't, Nichole's, Weeks, Herbert Ortiz, Jaime, Ortiz, Richard Daniels, Daniels, Fidel Dominguez, Rosemead High's, Larry Callaham, Masiello, Jan Herzog, Herzog, Justin Fregoso, James Eder, Fregoso, me Eder, Eder, they've, Anne Bazile, Bazile, Unbeknownst, Arevalo —, Jonathan Howard, Credentialing, Howard, Elaine Rose, Rose, El Monte Union High School District Arevalo, he's, José Gallegos, Gallegos, Billie, Jo Grant, Grant, Michael Cohen, Cohen, Santa Claus, Oz, California's, haven't, Lupe Nieves, Nieves, reenacted, faxed, Harold Greenberg, Dan Morris, Morris, Alex Valdez, J, Valdez, alums, Heidi, Guillermo, she's, Clara wasn't, Mark Matthews, Matthews, Rai groped, Janine Salanitro, Zuniga hasn't, Felipe Salazar, Salazar, Andrew Dalton's, Matt Drange’s Organizations: Business, Rosemead High School, Rosemead High, Rosemead, El Monte Union High School District, Sheriff's Department, TA, El Monte Union High School, X's, Ford, Business Insider, Casa del Rey, Nissan, Nike, Bristol, Arroyo High School, High School, Los, Los Angeles County Sheriff's Department, Perris High School, of Education, Angeles County Sheriff's Department, California, California Department of Education, Monte Union High School, Valdez, Gabrielino, Rai, Los Angeles County Sheriff's, Temple City Locations: Southern California, Rosemead, San Gabriel Valley, San Gabriel, Los Angeles, Huntington Beach, Pasadena, Bladen, California, Arevalo, Utah, Santa, Arcadia, Beverly Hills, Burgess, Bristol, Arroyo, Perris, California's, Angeles, Cindy's, Los Angeles County, Temple

☆ Elon Musk wants Mitch McConnell out
▼ + stars: | 2023-09-28 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Elon Musk, too, is calling for Sen. Mitch McConnell to step down. "Seriously, it's time for Mitch to move on, " Musk wrote in an X post. In a follow-up post, Musk posted a clip of McConnell freezing during a press conference in August. A spokesperson for McConnell later said McConnell "felt momentarily lightheaded and paused during his press conference," per Politico. I'm going to finish my term as leader and I'm going to finish my Senate term," McConnell said, per Politico.

Persons: Elon Musk, Sen, Mitch McConnell, Mitch, Musk, McConnell, —, Elon, Donald Trump's, Trump, Ron DeSantis, DeSantis Organizations: Service, GOP, Twitter, Republicans, Trump, Florida Gov, DeSantis, Musk Locations: Kentucky

☆ Explainer-How Could Hardline US House Republicans Strip Kevin McCarthy of His Speakership?
▼ + stars: | 2023-09-26 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +3 min

If the motion to vacate comes to the House floor for a vote, it would only need a simple majority to pass. Republican Representative Matt Gaetz, a hardline conservative from Florida and perpetual thorn in McCarthy's side, has repeatedly threatened to file a motion to vacate. In a Sept. 14 closed-door meeting of House Republicans, McCarthy dared Gaetz to bring a motion to the floor. Others including Representatives Dan Bishop and Eli Crane have also suggested they would support a motion to vacate. Republican then-Representative Mark Meadows in 2015 filed a motion to vacate against Republican Speaker John Boehner.

Persons: Kevin McCarthy, what's, McCarthy, McCarthy's, Nancy Pelosi, Matt Gaetz, Gaetz, Dan Bishop, Eli Crane, Joseph Cannon, Newt Gingrich, Mark Meadows, John Boehner, Boehner, Moira Warburton, Scott Malone, Rosalba O'Brien Organizations: WASHINGTON, Republican U.S . House, Democrat, Republicans, Democratic, WHO, Republican, House Republicans, House Archives Locations: Florida

☆ Motion to vacate: How to strip Kevin McCarthy of his speakership
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +3 min

Representative Matt Gaetz, a hardline Republican lawmaker, said he would file what's called the "motion to vacate." If the motion to vacate comes to the House floor for a vote, it would only need a simple majority to pass. In a Sept. 14 closed-door meeting of House Republicans, McCarthy dared Gaetz to bring a motion to the floor. Others including Representatives Dan Bishop and Eli Crane have also suggested they would support a motion to vacate. Republican then-Representative Mark Meadows in 2015 filed a motion to vacate against Republican Speaker John Boehner.

Persons: Kevin McCarthy, Ken Cedeno, Matt Gaetz, what's, McCarthy, McCarthy's, Nancy Pelosi, Gaetz, Dan Bishop, Eli Crane, Joseph Cannon, Newt Gingrich, Mark Meadows, John Boehner, Boehner, Moira Warburton, Scott Malone, Lisa Shumaker, Grant McCool Organizations: ., U.S, Capitol, REUTERS, Rights, Republican U.S . House, Democratic, Republican, Democrat, Republicans, WHO, House Republicans, House Archives, Thomson Locations: Washington , U.S, Florida

☆ How could hardline US House Republicans strip Kevin McCarthy of his speakership?
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +3 min

If the motion to vacate comes to the House floor for a vote, it would only need a simple majority to pass. Republicans currently control the House with 221 seats to 212 Democrats, meaning if McCarthy wants to keep his speaker's gavel he cannot afford to lose more than four votes. Republican Representative Matt Gaetz, a hardline conservative from Florida and perpetual thorn in McCarthy's side, has repeatedly threatened to file a motion to vacate. In a Sept. 14 closed-door meeting of House Republicans, McCarthy dared Gaetz to bring a motion to the floor. Republican then-Representative Mark Meadows in 2015 filed a motion to vacate against Republican Speaker John Boehner.

Persons: Kevin McCarthy, Joe Biden, Hunter Biden, what's, McCarthy, McCarthy's, Nancy Pelosi, Matt Gaetz, Gaetz, Dan Bishop, Eli Crane, Joseph Cannon, Newt Gingrich, Mark Meadows, John Boehner, Boehner, Moira Warburton, Scott Malone, Rosalba O'Brien Organizations: Republican U.S . House, Democrat, Republicans, Democratic, WHO, Republican, House Republicans, House Archives, Thomson Locations: Washington , U.S, WASHINGTON, Florida

☆ The World’s Largest Salmon Fishery Is in Danger - The New York Times
▼ + stars: | 2023-09-24 | by ( Carl Safina | Joel Reynolds | ) www.nytimes.com time to read: +2 min

Dunleavy’s direction, the state bypassed the normal appeals process by going directly to the United States Supreme Court to challenge the E.P.A. It’s no mystery why: Since last year, the Supreme Court has gut-punched the E.P.A. In fact, a recent poll found that 74 percent of Alaska’s voters are still concerned that the E.P.A.’s rejection of the project won’t do enough to protect the Bristol Bay watershed from large-scale mining. The initial petitions that led to the E.P.A.’s veto were filed by six Bristol Bay tribes and later joined by a consortium of other federally recognized tribes. Last summer alone, this single fishery produced a record run of nearly 80 million fish, surpassing a succession of annual record runs year after year.

Persons: Dunleavy, ’, ” Alannah Hurley, “ Organizations: Gov, United States, Bristol, Natural Resources Defense Council, “, United Locations: Bristol, United Tribes, Bristol Bay

☆ Kerry Washington Goes Deep
▼ + stars: | 2023-09-24 | by ( Elisabeth Egan | ) www.nytimes.com time to read: +1 min

In late July, Earl Washington was still working his way through the memoir. “It’s been hard,” Washington said. “He does a lot of processing with my husband.”Washington recalled a conversation with her father in which she told him: “‘I’m not going anywhere, you’re not going anywhere, you’re my dad. “I never want to say to people, ‘You have to tell your kid the truth,’” she said. “I do think it’s extraordinary how few rights I have as a donor kid.

Persons: Earl Washington, “ It’s, ” Washington, “, I’m, you’re, ”, ’ ” Locations: Washington, ”

☆ 'Everyone is united' says embattled Ten Hag amid dressing room leaks
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +2 min

Ten Hag was asked about a number of leaks coming out of the dressing room, including one report about players being unhappy with his treatment of former United goalkeeper David De Gea, but the Dutch manager was unfazed. "I don't know if it's a leak but I know opinion, so I know my players. At United, you have to win every game so it doesn't change anything," Ten Hag told reporters. That's what we are doing in the dressing room... Everyone is united and at United, you fight." United had confirmed earlier this month that the 23-year-old would train alone and Ten Hag said his return to action "depends on him".

Persons: Erik ten Hag, David De Gea, Jadon Sancho, United, Hag, Sancho, Vincent Kompany's, Harry Maguire, Raphael Varane, Sofyan Amrabat, Mason, Rohith Nair, Christian Radnedge Organizations: Manchester United, Burnley, United, Premier League, Bayern Munich, Champions League, Thomson Locations: Bengaluru

The preliminary reading of the UK S&P Global Purchasing Managers' Index (PMI) for the services sector sank to its lowest since the pandemic lockdown of January 2021 and below all forecasts in a Reuters poll of economists. PMIs for the euro zone picked up a little but still suggested a recession was approaching. Official data showed retail sales rose in August, partially recovering from a rain-induced plunge in July, and a measure of consumer confidence climbed to its highest since January 2022. However, data company S&P Global said its survey was consistent with a drop in quarterly economic output of 0.4%. "The disappointing PMI survey results for September mean a recession is looking increasingly likely in the UK," said Chris Williamson, chief business economist at S&P Global.

Persons: Molly Darlington, BoE, Sterling, Martin Beck, Beck, Chris Williamson, Samuel Tombs, Andy Bruce, Toby Chopra Organizations: REUTERS, P, CBI, Bank of England, P Global, U.S, Confederation of British Industry, PMI, Pantheon, Thomson Locations: Altrincham, Britain

A day after Britain's fast pace of price growth unexpectedly slowed, the BoE's Monetary Policy Committee voted by the narrowest margin of 5-4 to keep Bank Rate at 5.25%. But rate futures suggested they still saw a 50% chance of Bank Rate rising to 5.5% by the end of this year. Britain's economy, hit hard by Brexit, the COVID-19 pandemic and the surge in gas prices triggered by Russia's invasion of Ukraine, has been struggling with the highest inflation rate in the Group of Seven. But growth remains fragile, heightening the risk that the BoE's 14 back-to-back rate hikes will push the economy into a recession. Last week, the European Central Bank raised rates but suggested its move might be the last for now.

Persons: Andrew Bailey, Jon Cunliffe, Megan Greene, Jonathan Haskel, Catherine Mann, BoE, Reuters Graphics Sterling, Bailey, Rishi Sunak, Peter Nicholls, Frances Haque, Reuters Graphics Bailey, Yael Selfin, Hugh Gimber, William Schomberg, Catherine Evans Organizations: Bank of England, Reuters Graphics, U.S ., MPC, REUTERS, Santander UK, IF, U.S . Federal Reserve, European Central Bank, KPMG, Investors, Bank of, Morgan Asset Management, Thomson Locations: Ukraine, London, Britain

☆ Key trio's absence won't hurt Europe's Ryder Cup hopes - Azinger
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +2 min

Garcia, Poulter and Westwood have played a combined 28 Ryder Cups but are part of LIV Golf and resigned from the European Tour, which made them ineligible to play the Ryder Cup at Marco Simone Golf and Country Club near Rome. "First of all, I think that the team dynamic and the team environment in the European room will be unfazed," Azinger said on an NBC Sports Ryder Cup media conference call. Garcia is the Ryder Cup's record points scorer with 28.5, while Westwood has played a record 11 matches, being part of seven winning teams. Poulter has also played a key role in some of Europe's biggest successes. This year's Ryder Cup runs from Sept. 29 to Oct. 1.

Persons: Ryder, Europe's Lee Westwood, Ian Poulter, Europe's Sergio Garcia, Jonathan Ernst, Sergio Garcia, Lee Westwood, Paul Azinger, Garcia, LIV Golf, Marco Simone Golf, Luke Donald's, Azinger, Westwood, Poulter, Curt Byrum, Frank Pingue Organizations: Team USA, Ryder, REUTERS, Poulter, Westwood, European, Country Club, NBC Sports Ryder, NBC Sports, Thomson Locations: Whistling Straits , Sheboygan , Wisconsin, U.S, Europe, Italy, Rome, Toronto

☆ King Charles arrives in France for state visit
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +4 min

[1/3] French Prime Minister Elisabeth Borne greets Britain's King Charles ( and Britain's Queen Camilla upon arrival at the Orly Airport on September 20, 2023, on the first day of a state visit to France. Here's the latest:* The plane carrying Charles and Camilla has landed at Paris' Orly airport, where they were greeted by French Prime Minister Elisabeth Borne. Charles and Camilla tweeted in English and French, along with a video of Charles getting on the plane. Your Majesty, welcome," Macron tweeted in English, alongside a video clip of Charles' past visits to France. Macron and Charles have in particular shared correspondence and insight on the restoration of the Notre-Dame cathedral, ravaged by fire in 2019.

Persons: Elisabeth Borne, Britain's King Charles, Queen Camilla, MIGUEL MEDINA, King Charles, Emmanuel Macron, Charles, Camilla, Borne, Mireille, Queen Elizabeth, Parisian Marie, Helene Aubree, Eric Frizzi, he's, Macron, À, Louis XIV, Hugh Grant, Charlotte Gainsbourg, Mick Jagger, Ken Follett, Emma Mackey, Bernard Arnault, Xavier Niel, Arsene Wenger, Didier Drogba, Michel Rose, Ingrid Melander, Bernadette Baum Organizations: French, Airport, REUTERS Acquire, Rights, France's, Parisian, European Union, Notre, Dame, of Mirrors, Thomson Locations: France, Paris, Bordeaux, Britain, of Versailles, British, French

☆ Charles is 'just the son': Parisians unfazed by king's visit to France
▼ + stars: | 2023-09-19 | by ( Noemie Olive | ) www.reuters.com time to read: +3 min

Charles, a fluent French speaker like his mother, is keen to walk in her footsteps and is likely to refer to the late queen's deep affection for France during the visit, officials said. All this combined together doesn't create much interest," said the 88-year old, who liked Queen Elizabeth and her horses. As part of the visit, Charles and Camilla will drive down the Champs-Elysees and view restoration works at the Notre-Dame cathedral following a massive blaze in 2019 that destroyed its roof. The trip is also a chance to rebuild ties that have been frayed by Britain's chaotic exit from the EU in 2020. In Britain, polls suggest Charles is less popular than his mother, who had strong support from much of the public.

Persons: Britain's King Charles, Queen Camilla, Princess Royal, Duke, Russell Cheyne, Brexit PARIS, King Charles, Queen Elizabeth, He's, Mireille, Charles, Camilla, France's Patrouille, Alexia Aubert, Elizabeth, King Charles isn't, Edouard Val de Lievre, Michael Holden, Elizabeth Pineau, Ingrid Melander, Bernadette Baum Organizations: Braemar Royal, Princess, REUTERS, Notre, Dame, Arrows, Britons, Thomson Locations: Braemar, Fife, Scotland, Britain, Paris, Bordeaux, France, Versailles, Bresse, England

☆ Some Parisians Unfazed by King Charles' Visit to France
▼ + stars: | 2023-09-19 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +2 min

By Noemie OlivePARIS (Reuters) - King Charles' state visit to France, from Wednesday to Friday, may be seen politically as a chance to rebuild ties between the two countries, but some Parisians said they were not impressed, and that they missed the late Queen Elizabeth. Charles, and his wife Queen Camilla, will be guests of honour at a state banquet in the gilded Versailles palace during the visit to France, Charles' first since becoming king a year ago. All this combined together doesn't create much interest," said Mireille, a retiree who liked Queen Elizabeth and her horses. Fifteen year-old Alexia Aubert said: "I think since Elizabeth died, the Royal family isn't as important as it was, King Charles isn't as important and symbolic as Elizabeth, so it doesn't really matter if he comes or not." In Britain, polls suggest Charles is less popular than his mother, who had strong support from much of the public.

Persons: Olive PARIS, King Charles, Queen Elizabeth, Charles, Queen Camilla, France's Patrouille, He's, Mireille, Alexia Aubert, Elizabeth, King Charles isn't, Edouard Val de Lievre, Michael Holden, Ingrid Melander, Bernadette Baum Organizations: Notre, Dame, Arrows, Britons Locations: France, Versailles, Britain, Paris, England

Inflation showed its sticky nature in July, rising slightly as increases in services costs offset a decline in the price of goods, the Bureau of Economic Analysis reported on Thursday. The personal consumption expenditures price index, a metric closely followed by the Federal Reserve, rose 0.2% for the month and 3.3% for the 12-month period. The core index, stripping out energy and food costs, rose 0.2% and 4.2%, respectively. “The decline in house prices appears to have abated, which means that the contribution from shelter to core inflation next year may stabilize if not increase. Upside inflation risk is also present in healthcare services where insurance prices are expected to rise this October along with a continued upward pressure on labor demand in the sector, thus suggesting higher wage costs.”

Persons: Joseph Brusuelas, Jerome Powell, ” Powell, ”, Shana Orczyk Sissel, Joe Davis Organizations: Economic, Federal, RSM, Dow Jones, Banrion Capital Management, Vanguard Locations: , Wyoming

☆ Peru slashes growth outlook amid falling copper investment
▼ + stars: | 2023-08-29 | by ( Marco Aquino | ) www.reuters.com time to read: +3 min

LIMA, Aug 29 (Reuters) - Peru lowered its economic growth forecasts for 2023 and 2024 on Tuesday amid poor weather, lower private investment in mining, and anti-government protests earlier this year. The South American country's economy is expected to grow 1.1% this year, the economy ministry said in Peru's official gazette. Next year, Peru's economy is expected to grow 3.0%, the ministry added, down from a previous estimate of 3.4%. That makes El Nino the largest immediate threat to Peru's economy, the government said. Meanwhile, Peru's estimated current account deficit was lowered to 1.6% of GDP, down from the 2.1% of GDP previously expected.

Persons: LIMA, El, Peru's, Alex Contreras, Marco Aquino, Kylie Madry, Isabel Woodford, David Holmes, Alistair Bell, Bill Berkrot Organizations: Peruvian Fiscal, El, El Nino, Finance, year's, U.S, Thomson Locations: Peru

Former President Donald J. Trump has done his best to appear unfazed and unbowed by having been indicted four times since March, but even he acknowledged that he did not enjoy one particular element of his booking in Georgia on Thursday night on racketeering charges: the mug shot. “It is not a comfortable feeling — especially when you’ve done nothing wrong,” he told Fox News’s website in an interview afterward. Nonetheless, he made the most of it. Not long after the release of the mug shot — the first taken of Mr. Trump in any of the criminal proceedings he faces and the first known to have been taken of any former president — it appeared prominently on Mr. Trump’s campaign website, under a “personal note from President Donald J. Trump.”At the bottom were several tabs users could click to donate to his campaign in small-dollar increments.

Persons: Donald J, Trump, you’ve, ”, Fox, — Organizations: Fox News’s, Mr, Trump, ” Locations: Georgia

The eight candidates who sparred in the GOP debate still face the tough challenge of chipping away at Trump’s lead in the race. NBC News’ Shaq Brewster watched the debate with a group of two-time Trump voters in Waukesha, Wis.. Asked to raise their hand if the debate made them interested in a candidate other than Trump, all four voters kept their hands down. Still, Benfield plans to support Trump’s campaign next year. Hoosier showdown: GOP Rep. Jim Banks’ Senate run got a boost during the GOP debate, with the conservative group launching an ad on Fox News supporting his bid.

Persons: Trump’s, Shaq Brewster, Scott, Trump, Mike Benfield, Brewster, Ramaswamy, “, ” Benfield, Benfield, ”, Biden, they’re, Peter Alexander, Elyse Perlmutter, Grace Jaworski, Megan Lebowitz, Ron DeSantis, fundraise, Donald Trump, DeSantis, Matt Dixon, David Sachs, Vivek Ramaswamy, Puck, ’ Ryan Reilly, Jim Banks, Banks, John Rust Organizations: GOP, NBC, Trump, New York, Florida Republican Gov, Florida Republicans, Senate, Fox News Locations: Waukesha, Wis, Reno, Nev, Florida, Atlanta, Fulton County

☆ Goldman Sachs: A government shutdown would be ‘manageable’ for the economy. That’s why it’s likely to happen
▼ + stars: | 2023-08-21 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

New York CNN —Goldman Sachs is warning clients that Washington is on a collision course with its first government shutdown in five years. A shutdown later this year would wipe out 0.2 percentage points from growth per week, according to Goldman Sachs projections. Assuming just “modest” economic and market impact, a government shutdown should have “little effect” on central bank policy, according to Goldman Sachs. However, Goldman Sachs said a “prolonged” shutdown that starts in October could add to the arguments in favor of the Fed keeping policy on hold at the November meeting. The 2013 shutdown delayed the release of most federal economic reports, including ones on inflation, jobs and retail sales.

Persons: New York CNN — Goldman Sachs, ” Goldman Sachs, Goldman Sachs, Greg Valliere, Kevin McCarthy, ” Valliere Organizations: New, New York CNN, Justice Department, Fitch, Washington, Social Security, AGF Investments, Federal Reserve Locations: New York, Washington, Ukraine, —

☆ Iced Coffee and Flip-Flops as Europe Broils? Not So Fast, Americans.
▼ + stars: | 2023-08-15 | by ( Melina Delkic | More About Melina Delkic | ) www.nytimes.com time to read: 1 min

On a scorching June day on the Amalfi Coast of Italy, Chloe Madison and her boyfriend, Colin Pinello, stopped to have lunch in Positano, a glamorous town overlooking the Mediterranean Sea. With their refreshing caprese pasta plates and Aperol spritzes, they had one thought on their minds: ice water. But they knew that asking for it would be too American. While the Europeans around them seemed unfazed by the temperatures, she said, they felt parched. “Water was something we consistently had to request,” she said, and when they asked for ice it was “just a few cubes.”

Persons: Chloe Madison, Colin Pinello, spritzes, ” Locations: Amalfi Coast, Italy, Positano, “

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