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☆ Stocks Snap Winning Streak After Powell Warns Inflation Victory Not Assured
▼ + stars: | 2023-09-11 | by ( David Uberti | ) www.wsj.com time to read: 1 min

A decline in stocks accelerated after Fed Chairman Jerome Powell said that it was too early to declare victory against price pressures. Photo: Chip Somodevilla/Getty ImagesThe S&P 500’s shot at its longest winning streak since 2004 appeared within grasp for much of Thursday’s trading session. Then Federal Reserve Chair Jerome Powell and the Treasury market crashed the party. Major indexes fluttered between small gains and losses in quiet trading through the early afternoon. They turned firmly into the red after an auction of government debt showed lower-than-expected demand and propelled Treasury yields higher.

Persons: Jerome Powell, Chip Somodevilla Organizations: Treasury

☆ Stock futures are little changed ahead of key inflation data: Live updates
▼ + stars: | 2023-09-10 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, July 20, 2023. Stock futures were little changed Sunday night as investors awaited a batch of economic data in the week ahead and earnings from two major tech companies. Futures tied to the Dow Jones Industrial Average ticked lower by 2 points, or 0.01%. S&P 500 futures and Nasdaq 100 futures edged higher by 0.06% and 0.1%, respectively. Investors are looking forward to key inflation data in the week ahead after a string of stronger-than-expected economic data points last week renewed worries that the Federal Reserve could raise rates more than previously expected.

Persons: Yung, Yu Ma, Ma Organizations: New York Stock Exchange, Stock, Futures, Dow Jones, Nasdaq, Dow, Investors, Federal Reserve, Traders, CME Group's, BMO Wealth Management, CNBC, CPI, University of Michigan's Consumer, Oracle, Adobe, Apple Locations: New York City, China

☆ Yelp says diners love to take pictures in these 25 restaurants around the US — and it's easy to see why
▼ + stars: | 2023-09-09 | by ( Jordan Hart | ) www.businessinsider.com time to read: +1 min

Yelp published its list of "most photographed restaurants" between January 2022 and June 2023. The list includes four Las Vegas restaurants — with Gordon Ramsay's Hell's Kitchen in the top spot. The 25 restaurants have received overwhelmingly positive reviews of food and "vibes," Yelp says. Many of the restaurants are located in tourist hotspots like New York City, Las Vegas, and Los Angeles. Advertisement Advertisement Watch:Here are Yelp's Top 25 places where diners have most uploaded pictures.

Persons: Yelp, Gordon Ramsay's, —, Gordon Ramsay, Lisa Vanderpump — Organizations: Service Locations: Vegas, Wall, Silicon, New York City, Las Vegas, Los Angeles

CNN —Demolition of the Los Angeles area home where Marilyn Monroe spent her last months has been put on hold by Los Angeles City Council, following a last-minute motion aimed at designating the house a Historic-Cultural Monument. Baron/Hulton Archive/Getty Images Norma Jeane Mortenson, who later changed her name to Marilyn Monroe, was born in 1926 in Los Angeles. Hulton Archive/Getty Images She was in several movies in 1950, including "The Asphalt Jungle" and "All About Eve." Hulton Archive/Getty Images Monroe wins a trophy at the "Star Of Tomorrow" Awards in Los Angeles in 1952. Bettmann Archive/Getty Images Monroe and former Yankees baseball player Joe DiMaggio leave city hall after their wedding.

Persons: Marilyn Monroe, Traci, Baron, Norma Jeane Mortenson, Gladys Baker, Marilyn, Claudette Colbert, Monroe, Jim Dougherty, Grace McKee, Grace, Michael Ochs, Norma Jeane, Emmeline Snively, Richard C, Miller, Donaldson, they're, Ben Lyons, Lyon, Theisen, he'd, Mira Sorvino, Frank Cronenweth, Peggy Martin, Shutterstock Monroe, Phil Moore, J R, she's, Johnny Hyde, Nancy Lee Andrews, you'll, Earl Leaf, Ray Anthony Band, Shutterstock, David Wayne, Christina Newland ., Kardashian, Amber Tamblyn, Alfred Eisenstaedt, Jane Russell, Joe DiMaggio, Amy Greene, Monroe's, Matty Zimmerman, DiMaggio, Joe, it's, Ella Fitzgerald, that's Ella Fitzgerald, Ed Feingersh, Elizabeth Winder, Ellen Burstyn, Arthur Miller, ullstein, He's, Harold Clements, Queen Elizabeth II, Laurence Olivier, Sugar Kane, Billy Wilder, I'm, Christina Newland, John F, Kennedy, Robert Kennedy, It's, Cecil W, Marilyn Monroe's, ”, “ Organizations: CNN, Los Angeles City Council, Department of Building, Safety, Hulton, Michael Ochs Archives, Model Agency, Century Fox, Columbia Pictures, Columbia, West Hollywood, Photoplay, Getty, Gentlemen, Fox, Hollywood, Bettmann, Yankees, US, Tiffany Club, New York, Grand Central, Queen, Royal, Daily Herald, Stoughton, Alamy, Los Angeles City, Historic Resources Locations: Los Angeles, Brentwood, Monroe, West Virginia, Columbia, Warrenburg , New York, American, Hollywood, Korea, York, New York, California, Hollywood , California, New, Grand, London, England, Polyclinic, Madison

TUSCALOOSA, Ala. (AP) — Quinn Ewers finished what he started last season, passing for 349 yards and three touchdowns to lead No. 11 Texas to a 34-24 victory over third-ranked Alabama on Saturday night in a huge win for a program trying to climb back into national championship contention. This amounted to a welcome-to-the-Southeastern Conference moment for a program set to join Alabama & Co. next season. Alabama had its 21-game home winning streak snapped along with a 57-game regular-season binge against nonconference teams dating to Nick Saban's debut season, 2007. Alabama's Jalen Milroe delivered big plays passing and running, but also was picked off twice on bad decisions.

Persons: — Quinn Ewers, Steve Sarkisian, Adonai Mitchell, ” Sarkisian, Nick Saban's, Mitchell, ‘, ‘ Bama —, parlayed, they’re, ” Ewers, Ja'Tavion Sanders, Jalen Milroe, Milroe, Jermaine Burton —, Georgia —, Ewers, Sanders, Jerrin Thompson, Jonathon Brooks, Bama, Niblack, Milroe's Organizations: Alabama, Longhorns, Southeastern, Co, Crimson Tide, ‘ Bama, Tide, Ohio State, SEC, Georgia, South Florida, AP Locations: TUSCALOOSA, Ala, Texas, Georgia, Alabama, Tuscaloosa, UP, Wyoming, . Alabama, South

☆ Donaldson shines as Australia down Georgia to snap losing streak
▼ + stars: | 2023-09-09 | by ( Nick Mulvenney | Thomson Reuters | Leads Coverage Of Sport Across The Asia-Pacific. Still Reports On The Full Panoply Of Sport. Many Olympics World Cups World Championships Grand Slams Grands Prix | ) www.reuters.com time to read: +3 min

Donaldson, a surprise selection brought into the side primarily for his place-kicking, added 15 points from the tee with three penalties and three conversions. "There is a real feeling this team could do something," Eddie Jones said after the first victory of his second reign as Australia coach. "We've got a young team, it's a great learning experience for them. Georgia never looked like adding another top tier victim to their tally after wins over Italy and Wales in the last 13 months but battled to the bitter end and scored tries through Luka Ivanishvili and Beka Gigashvili. Australia head south for their second Pool C match in St Etienne on Sunday against a dangerous Fiji side who recently beat England.

Persons: Australia's Ben Donaldson, Livewire, Mark Nawaqanitawase, Jordan Petaia, Donaldson, Eddie Jones, We've, it's, Luka, Nawaqanitawase, Mirian Modebadze, flyhalf Luka Matkava, Davit Niniashvili, Taniela Tupou, flyhalf Carter Gordon, Akaki Tabutsadze, Gigashvili, Levan Maisashvili, Nick Mulvenney, Hugh Lawson, Ed Osmond Organizations: Georgia, Wallabies, Stade de France, Luka Ivanishvili, Blacks, Australia, Petaia, Georgians, flyhalf, Australians, Portugal, Sunday, England, Thomson Locations: Australia, Georgia, Italy, Wales, St Etienne, Fiji

☆ Fundstrat’s Tom Lee sees a buying opportunity in tech stocks as the Nasdaq faces a losing week
▼ + stars: | 2023-09-08 | by ( Michelle Fox | ) www.cnbc.com time to read: +1 min

The selloff this week in the Nasdaq Composite is a buying opportunity, according to Tom Lee, head of research at Fundstrat Global Advisors. .IXIC 5D mountain Nasdaq Composite's 5-day performance However, Lee said there are signs that inflation is tracking lower. "If inflation is falling and companies are becoming more confident — and we already know corporate profit revisions have been positive. The tech giant slid 5% this week on reports that China is restricting iPhone use by government workers. However, Lee thinks Apple isn't going to face big risks in China because it is a structural partner with the country.

Persons: Tom Lee, Lee, Apple Organizations: Nasdaq, Fundstrat Global Advisors Locations: China

But as it turns out, I was just not using my imagination, because this year’s Burning Man was an absolute nightmare. casey newtonA bit more of a Drowning Man than a Burning Man, I have to say. kevin rooseYeah, so as someone who’s been to Burning Man, I was fascinated by just the logistics of it all, because it is already a mess to get in and out of Burning Man. kevin rooseSo you are, in addition to a Burning Man escapee this year, you’ve been actually going to Burning Man for a long time. When I say I don’t know what happened, I don’t know what happened to prompt the things that were being directed at us.

Persons: casey newton, kevin roose, I’ve, KEVIN, casey newton It’s, you’ve, it’s, I’ll, casey newton What’s, kevin roose Bluetooth, Kevin Roose, ” casey newton, Casey Newton, Jonathan Greenblatt, Elon, Kevin, casey newton Oh, casey newton You, “ shay, denfreude, kevin roose Schadenfreude, shay, who’s, It’s — casey newton, casey newton That’s, Smart, casey newton Ugh, kevin roose —, casey newton Right, — casey newton, kevin roose What’s, casey newton Sure, ” casey newton Never, Adrian Aoun, He’s, ” adrian aoun, adrian aoun, Larry Page, Adrian, I’m, casey newton Amen, here’s, you’d, we’ve, you’re, Larry, roose, Max, Harry Potter, adrian aoun I’m, they’re, adrian aoun —, —, Rice Krispie, kevin roose Wow, let’s, adrian aoun Oh, adrian aoun She’s, She’s —, We’re, wrenches, hitchhike, I, Gerlach, kevin roose She’s, Y, It’s, They’re, — you’re, casey newton We’re, it’s Elon Musk, Elon Musk, Mark Zuckerberg, Donald Trump, West, kevin roose It’s, Casey, casey newton Well, Linda Yaccarino, Jonathan, kevin roose Jonathan, ” jonathan greenblatt, jonathan greenblatt, CHUCKLES, I’d, Linda, kevin roose You, Nick Fuentes, haven’t, Kevin —, that’s, what’s, we’re, casey newton I’ve, jonathan greenblatt I’m, We’ve, — what’s, Here’s, That’s, John, “, ”, CASEY, kevin roose Totally, Hank Green, Hank, ” Hank, hank, It’s Hank, Ben Shapiro, kevin roose Hank, Diana Dionisio, Diana, Snapchat, Jay Hepler, Jay, ” Casey, don’t, casey newton Really, casey newton I’m, Holly Godfrey, Holly, Kevin Scott, Kevin Scott’s, Bing, Rachel Cohn, Jen Poyant, Caitlin Love, Chris Wood, Dan Powell, Elisheba Ittoop, Marion Lozano, Paula Szuchman, Tam, Nell Gallogly, Kate LoPresti, Jeffrey Miranda, CASEY CHUCKLES Organizations: The New York Times, Defamation League, porta, Electric, Google, Labs, Black Rock, casey newton Fair, Burning, Reno, Defamation, Elon, Labor, Twitter, Center, ADL, Nazi, Anti, Twitter’s Trust, Safety, OG, YouTube, Cato Institute, US, Microsoft, Kevins, Davis Locations: Nevada, La Habra , California, Spanish, East, Iraq, Coachella, Bay, Solano County, Toronto, San Francisco, Silicon Valley, Hogwarts, playa, Haiti, Dunkirk, ”, Gerlach, LA, New York, Reno, it’s Reno, America, Florida, chemo, Tokyo, That’s, hardfork@nytimes.com

☆ Who caused Maui’s devastating wildfire? Lawsuit adds telecom companies and landowners to the list
▼ + stars: | 2023-09-07 | by ( Andy Rose | ) edition.cnn.com time to read: +3 min

The original suit claimed Hawaiian Electric was to blame for the fire, because it did not deenergize power lines that were knocked down by high winds. Shares of Hawaiian Electric have plunged 67% since the fires erupted August 8. Hawaiian Telecom is privately owned. Maui County filed a separate lawsuit late last month against Hawaiian Electric and its subsidiaries, alleging that the utility company’s negligence caused the devastating wildfires. Hawaiian Electric CEO Shelee Kimura said in a statement following Maui’s lawsuit that the company believes the complaint is factually and legally irresponsible.”

Persons: LippSmith, Graham LippSmith, “, ”, inexcusably, Shelee Kimura Organizations: CNN, Hawaiian, Lahaina, Charter Communications, Hawaiian Telecom, Hawaii Telecom, Electric, Hawaiian Electric, National Weather Service, Watch Locations: Maui, Lahaina, Kula, Olinda, Charter, West Maui, Maui County

☆ India’s Chandrayaan lunar lander goes to seep
▼ + stars: | 2023-09-07 | by ( Jackie Wattles | ) edition.cnn.com time to read: +8 min

The Chandrayaan-3 spacecraft landed on the lunar surface on August 23. The Chandrayaan-3 lander is captured by NASA's Lunar Reconnaissance Orbiter, which is currently in orbit around the moon. The day after landing, the ISRO confirmed that the Chandryaan-3 lander had successfully deployed the six-wheeled lunar rover that had ridden to the surface tucked inside the spacecraft’s body. pic.twitter.com/1g5gQsgrjM — ISRO (@isro) August 26, 2023Together, the lander, which weighs about 1,700 kilograms (3,748 pounds), and the 26-kilogram (57.3-pound) rover are packed with nearly a dozen scientific instruments. Else, it will forever stay there as India’s lunar ambassador,” the ISRO posted on X.

Persons: Narendra Modi, NASA's, —, Luna, ove Organizations: CNN, Soviet Union, NASA's Goddard Space Flight, Arizona State University, Indian Space Research Organization, ISRO Locations: India, United States, China, Chandryaan, Russia

☆ Jim Cramer says this lagging restaurant stock could help kickstart the Dow
▼ + stars: | 2023-09-07 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +2 min

Since the start of July, McDonald's has been among the worst-performing members of the 30-stock blue-chip Dow, down more than 7% entering Thursday's session. The advance comes after Wells Fargo upgraded McDonald's to a buy-equivalent rating, saying the company's "innovation engine is firing on all cylinders." McDonald's (MCD) returning to its winning ways would be a much-needed development for the Dow Jones Industrial Average, CNBC's Jim Cramer said Thursday, particularly in September, a historically weak month on Wall Street. "I think that this could matter," Cramer said on "Squawk on the Street," referring to Wells Fargo's bullish call. "It's a stock to watch because, if you can get a little momentum in the Dow, maybe it can separate some from the Nasdaq.

Persons: McDonald's, Wells, CNBC's Jim Cramer, Cramer, Jim Cramer's Organizations: Dow, Dow Jones, Nasdaq, Cramer's Charitable Trust, CNBC Locations: Cramer's

☆ A viral rant about a grocery store customer who tried to buy over $1,000 of stuff using food stamps is dividing TikTok
▼ + stars: | 2023-09-07 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Someone tried to buy over $1,000 of groceries with food stamps at the supermarket chain Food Lion. A Food Lion worker posted on TikTok, saying the customer abandoned their carts and didn't end up paying. Insider was not able to independently confirm which branch of Food Lion Malik works at, or their position at the store. Food stamps are a blessing," read one comment. Representatives for Malik and Food Lion did not immediately respond to a request for comment from Insider sent outside regular business hours.

Persons: Malik, Food Lion Malik Organizations: Food, Service, Food Lion, Apple, ppl, FS, Pew Research Center, SNAP, US Department of Agriculture Locations: Wall, Silicon, American

☆ The rise of Snap CEO Evan Spiegel, once one of the youngest billionaires in the world
▼ + stars: | 2023-09-07 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: 1 min

At the same time, Spiegel was forced to reckon with charges against the lack of diversity in Snap's workforce. Snapchat CEO Evan Spiegel Michael Kovac/Getty ImagesAt an internal meeting in July 2020, Spiegel said that the company keeps its diversity reports private because releasing data would reinforce the idea that minority groups are underrepresented in the tech industry. Later that month, though, the company released its first diversity report. The report broke down employee demographics going back all the way back to when Snap was first founded in 2011. It showed that Black and Latinx employees comprised less than 11% of the company's staff and less than a third of the company's staff identified as women.

Persons: Spiegel, Evan Spiegel Michael Kovac

☆ Snapchat is working to make its app even safer for teen users
▼ + stars: | 2023-09-07 | by ( Clare Duffy | ) edition.cnn.com time to read: +3 min

New York CNN —Snapchat says it’s working to make its app even safer for teen users. The company also launched a series of YouTube videos for parents about the features and an updated website laying out its teen safety and parental control policies. And since then, Snapchat — like other platforms — has rolled out a variety of new teen safety and parental supervision tools. The app’s other existing teen safety measures include prohibiting young users from having public profiles and having teens’ Snap Map location-sharing tool turned off by default. Snapchat will also impose a new strike system for accounts promoting content inappropriate for teens in its Stories and Spotlight sections, where users can share content publicly on the app.

Persons: New York CNN — Snapchat, Snap, Snapchat Organizations: New, New York CNN, YouTube Locations: New York

☆ Morning Bid: Fed steals focus, stocks sell off
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +2 min

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 5, 2023. REUTERS/Staff/File Photo Acquire Licensing RightsA look at the day ahead in European and global markets from Kevin BucklandThe dominating theme in global financial markets is once again central bank policy, and equity investors in particular are worried. Even ultra-resilient Japanese stocks seem to have finally succumbed, with the Nikkei threatening to snap an eight-day winning streak. Traders have preferred to trust the data over protestations from ECB officials that the tightening cycle may not be over ahead of next week's policy meeting. German industrial production figures are due today, with the euro bloc's giant threatening to slip back into recession.

Persons: Kevin Buckland, haven't, It's, Xi Jinping, Vladimir Putin, Jacqueline Wong Organizations: REUTERS, Staff, Nikkei, Traders, Federal, Philly Fed, Philadelphia Fed, Thomson Locations: Frankfurt, Germany, China, Australia, India

☆ To Win Big, Top Tennis Pros Turn to Marshmallows
▼ + stars: | 2023-09-06 | by ( Kurt Streeter | More About Kurt Streeter | ) www.nytimes.com time to read: 1 min

I thought I had seen it all on a tennis court until I watched Carlos Alcaraz at the U.S. Open on Monday. No, I’m not talking about the speed and punch of his forehand. I’m talking about his audacious creativity: As Alcaraz worked his way into the net early in the match, Matteo Arnaldi lifted a lob over the Spaniard’s head. Alcaraz is not most pros. A backhand, overhead drop shot winner in front of a packed house at Arthur Ashe Stadium?

Persons: Carlos Alcaraz, I’m, Alcaraz, Matteo Arnaldi, whirled, Arthur Ashe Organizations: U.S

This is because blast furnaces operate around the clock and need more workers. Goncalves is also betting that producing iron ore in-house for blast furnaces, rather than sourcing scrap steel for electric arc furnaces, will give Cliffs a competitive edge. While a few carmakers use aluminum for automotive bodies, most prefer high-grade steel from blast furnaces. Cliffs' devotion to blast furnaces, which are unionized unlike some electric arc furnaces, won it the support of United Steelworkers. The union's international president Thomas Conway said it's backing Cliffs' bid for U.S. Steel because of Goncalves' commitment to blast furnaces.

Persons: Lawrence Bryant, Lourenco Goncalves, Goncalves, Josh Spoores, Donald Trump, Phil Gibbs, Thomas Conway, Joe Biden's, Isla Binnie, Bianca Flowers, Greg Roumeliotis, Daniel Wallis Organizations: U.S . Steel, U.S . Steel Granite City, REUTERS, Cliffs Inc, U.S, U.S . Steel Corp, AK Steel, CRU Group, Steel Dynamics, Steel, Reuters, United Steelworkers, Thomson Locations: U.S . Steel Granite, Granite City , Illinois, U.S, CHICAGO, United States, Cleveland, North America, Asia, Toledo , Ohio, New York, Chicago

☆ Fritz aims to down Djokovic, Gauff faces Ostapenko in U.S. Open quarters
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +3 min

U.S. Open quarters would be a pretty good time to get him." In their most recent meeting, Djokovic beat Fritz last month in the quarter-finals of a U.S. Open tune-up event in Cincinnati that the Serbian went on to win by beating Carlos Alcaraz. Should Fritz prevail over Djokovic it would set up an all-American semi-final against the winner of the late match at Arthur Ashe Stadium between 10th seed Frances Tiafoe and unseeded Ben Shelton. The day's other women's quarter-final sees Czech 10th seed and French Open finalist Karolina Muchova facing Romanian 30th seed Sorana Cirstea. Reporting by Frank Pingue in Toronto; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

Persons: Taylor Fritz, Germany's Yannick Hanfmann, Andrew Couldridge, Novak Djokovic, Coco Gauff, Fritz, Arthur Ashe, Djokovic, Novak's Novak, It's, he's, I've, Carlos Alcaraz, Margaret Court's, Laslo Djere, Andy Roddick, Frances Tiafoe, Arthur, Ben Shelton, Tiafoe, Jelena Ostapenko, Gauff's, Karolina Muchova, Sorana, Frank Pingue, Ken Ferris Organizations: Lawn Tennis, Croquet Club, Germany's Yannick Hanfmann REUTERS, U.S, Serbian, York, French, Sorana Cirstea, Thomson Locations: London, Britain, U.S, Cincinnati, New York, American, Latvian, Washington, Czech, Romanian, Toronto

A Huge Threat to the U.S. Budget Has Receded. For decades, runaway Medicare spending was the story of the federal budget. Budget news often sounds apocalyptic, but the Medicare trend has been unexpectedly good for federal spending, saving taxpayers a huge amount relative to projections. In a recent letter to the Senate Budget Committee, economists at the Congressional Budget Office described the huge reductions in its Medicare forecasts between 2010 and 2020. Medicare is growing more slowly than ever, but still more quickly than the rest of the federal budget.

Persons: Ronald Reagan, Barack Obama, that’s, ”, David Cutler, Cutler, haven’t, I’ve, Melinda Buntin, Buntin, Simpson, Bowles, aren’t, Trump, Joshua Gordon, Mitt Romney’s, “, Sherry Glied Organizations: Medicare, ”, U.S, Budget, Harvard, Obama, Affordable, Senate, Congressional, New York Times, Office, White, Office of Management, Johns Hopkins, Social Security, Congress, Federal, Veterans, NASA, Wagner School Locations: Iraq, Afghanistan, N.Y.U, Washington

☆ Congress is gearing up for a budget showdown. From funding for student-loan repayment to Social Security benefits, here's what's at stake.
▼ + stars: | 2023-09-05 | by ( Ayelet Sheffey | Juliana Kaplan | ) www.businessinsider.com time to read: +6 min

Already, President Joe Biden has asked for short-term funding to help keep key programs running and head off a potential federal closure. Well, the federal budget year closes out on September 30. AdvertisementAdvertisementRepublicans already have conditionsHouse Speaker Kevin McCarthy has reportedly told his party members that he believes it'll be necessary to pass some sort of short-term funding measure, according to MSNBC. Senate Majority Leader Chuck Schumer similarly told MSNBC that he has met with McCarthy and the duo agreed to try and move forward with short-term funding. While the benefits would still flow, Americans relying on those programs would likely see processing delays and limited customer service.

Persons: Joe Biden, Kevin McCarthy, it'll, Chuck Schumer, McCarthy, GOPers, Donald Trump, Trump Organizations: Service, MSNBC, Republican, Justice Department, FBI, Social Security, SNAP, Management, Department of Agriculture, Assistance, Child Nutrition, Women, Children, Congressional Locations: Wall, Silicon, pare, Ukraine, Washington

☆ In Lululemon and Dollar General earnings, signs of a possible economic split
▼ + stars: | 2023-09-02 | by ( Samantha Delouya | ) edition.cnn.com time to read: +4 min

One reported strong sales on Thursday, while the other warned it may experience a sales decline for the year. Dollar General’s earnings report on Thursday painted a different picture. “Core customers continue to tell us they feel financially constrained,” said Dollar General’s CEO, Jeff Owen, on the company’s earnings call. Brian Nagel, a retail analyst at Oppenheimer & Co. who covers Lululemon, said he sees still strong spending across all retailers he covers. “Generally speaking, consumer spending has held in,” he said.

Persons: CNN —, ”, Calvin McDonald, Lululemon, Jeff Owen, Neil Saunders, Brian Nagel, Nagel, ” Nagel, Richard Dreiling, John Rainey, ” Rainey, Shannon Seery Organizations: CNN, Oppenheimer, Co, Federal Reserve, Fed Locations: Wells, United States, —

☆ Stagnating Germany – can Europe’s biggest economy snap out of it?
▼ + stars: | 2023-09-02 | by ( ) www.reuters.com time to read: +1 min

It’s Europe’s biggest economy – so how worried should people be about Germany’s stagnation? We look at what’s pummelling the country’s economy – and how a Nazi-era bunker-turned-penthouse has become emblematic of its property market woes. An earlier version said the amount of time it takes to open a business in Germany is double the EU average. The correct statistic is that the time it takes to obtain a license to open a business in Germany is double the OECD average. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices.

Organizations: Apple, Google, Reuters, Thomson Locations: Nazi, Germany

☆ Stock Market’s August Losses Snap Monthslong Winning Streak
▼ + stars: | 2023-09-01 | by ( David Uberti | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Organizations: dow

☆ Tiafoe beats 'annoying' Mannarino, Paul inspired by young fan at U.S. Open
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +3 min

Tiafoe managed to convert just five of 15 break points and said the 35-year-old Frenchman's unpredictable style gave him fits in the nearly three-hour affair. "He's so annoying to play," Tiafoe said to laughs during an on-court interview. "I think we got him tickets to our box but he ended up getting better tickets right on the side of the court," Paul told reporters. Next up for Paul is 20-year-old American Ben Shelton after the 20-year-old ran away with a 6-4 3-6 6-2 6-0 win over Aslan Karatsev earlier on Friday. American men are looking to snap a 20-year major drought at this year's U.S. Open.

Persons: Frances Tiafoe, France's Adrian Mannarino REUTERS, Brendan Mcdermid, Adrian Mannarino, Tiafoe, what's, I'm, shrugged, I've, Arthur Ashe, Tommy Paul, Alejandro Davidovich Fokina, SUPERFAN Paul, Eddy, Paul, Ben Shelton, Aslan Karatsev, Taylor Fritz, Jakub Mensik, Rory Carroll, Ken Ferris Organizations: Tennis, Louis Armstrong, U.S, Flushing, Thomson Locations: Flushing Meadows , New York, United States, Flushing Meadows, Brooklyn, Czech, U.S, Los Angeles

☆ Oil set to snap two-week losing streak on tightening supplies
▼ + stars: | 2023-09-01 | by ( ) www.cnbc.com time to read: +2 min

Oil prices were set to snap a two-week losing streak as they rose for a fourth consecutive session on Friday due to tightening supplies and expectations of the OPEC+ group of oil producers extending output cuts to the end of the year. U.S. crude inventories fell by a more-than-expected 10.6 million barrels last week, government data on Wednesday showed. Commercial crude oil inventories have plunged by 34 million barrels since the middle of July. A weaker U.S. dollar, which looks set to end a six week winning streak, also helped prices. A stronger dollar pressures oil demand by making the commodity more expensive for buyers holding other currencies.

Persons: Brent Organizations: U.S . West Texas, bbl, Organization Petroleum Exporting, National Australia Bank, ANZ, Federal Reserve Locations: OPEC, Saudi Arabia, U.S

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