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China launches probe into surrogacy, fake paternity tests in Wuhan
  + stars: | 2023-11-29 | by ( ) www.cnbc.com   time to read: +1 min
A nurse cares for a newborn at the Women and Children's Hospital in Fuyang City, Anhui Province, China, Aug 8, 2022. Chinese authorities have suspended a hospital and a judicial institute in the city of Wuhan from conducting some services after they were accused of surrogacy and issuing fake paternity results. The suspension comes amid several investigations related to the issuance of fake birth certificates as China, where surrogacy is illegal, tries to boost its birth rate. Wuhan Puren Hospital has been suspended from releasing birth certificates and Wuhan Ruiboxiang Judicial Appraisal Institute has been suspended from providing judicial appraisal services, the Wuhan Municipal Health Commission said on Tuesday. "We will seriously pursue accountability in accordance with laws and regulations based on the investigation," the commission said.
Organizations: Children's, Wuhan Puren, Wuhan Municipal Health Commission Locations: Fuyang City, Anhui Province, China, Wuhan, Wuhan Ruiboxiang
A cyclone is dropping heavy rain and snow around the Dnipro River in Ukraine, a think tank reported. The storm is weakening Russian air power in the area, a military analyst said. Ukrainian forces are using the time to strengthen their positions on the eastern bank, per the ISW. However, it added that winter conditions have also helped Russian troops advance to the center of Krynky, pushing Ukrainian forces out of the south of the village. AdvertisementUkraine can't bring in new troops because of high waves and wind on the right bank of the Dnipro River, it said.
Persons: , Rybar Organizations: Service, Washington DC, Ukrainian, 36th Marine Brigades, Estonian Defense Forces ' Intelligence Center Locations: Dnipro, Ukraine, Russian, Krynky, Estonian, Russia
Ray Dalio speaks during the 2023 Forbes Iconoclast Summit at Pier 60 on June 12, 2023 in New York City. We're now talking about a renaissance state here that happens within this greater geopolitical and economic environment," Dalio told CNBC's Dan Murphy on Tuesday. The UAE "is a renaissance state," Dalio said. Amid higher oil prices in recent years, the region's mammoth sovereign wealth funds had ever more to spend. The region's combined 10 largest sovereign wealth funds managed some $4 trillion in early 2023, according to the Sovereign Wealth Fund Institute.
Persons: Ray Dalio, ABU, Dalio, CNBC's Dan Murphy, Dalio's Organizations: Forbes, Getty, United, United Arab Emirates, Bridgewater Associates, United Arab, CNBC, Abu, Abu Dhabi Finance, GCC, Gulf Cooperation, Dalio's Bridgewater Associates, Pensions & Investments, The, Dubai International Financial, Sovereign Wealth Fund, , Saudi Arabia's Public Investment Fund Locations: New York City, Taylor, ABU DHABI, United Arab, Gulf, United Arab Emirates, Abu Dhabi, U.S, Singapore, The UAE, UAE, Saudi Arabia, Dubai, London, New York, France
HONG KONG (Reuters) - Chinese authorities have suspended a hospital and a judicial institute in the city of Wuhan from conducting some services after they were accused of surrogacy and issuing fake paternity results. The suspension comes amid several investigations related to the issuance of fake birth certificates as China, where surrogacy is illegal, tries to boost its birth rate. Wuhan Puren Hospital has been suspended from releasing birth certificates and Wuhan Ruiboxiang Judicial Appraisal Institute has been suspended from providing judicial appraisal services, the Wuhan Municipal Health Commission said on Tuesday. Birth certificates are required in China for obtaining household registration and are necessary for vaccinations, medical insurance enrolment and application for a social security card. Birth rates have fallen in China to their lowest since records began in 1949, at just 9.56 million in 2022.
Persons: Farah Master, Stephen Coates Organizations: Reuters, Wuhan Puren, Wuhan Municipal Health Commission, China Daily Locations: HONG KONG, Wuhan, China, Wuhan Ruiboxiang, China's, Hubei, Beijing
An explosion of a drone is seen in the sky over the city during a Russian drone strike, amid Russia's attack on Ukraine, in Kyiv, Ukraine, on Nov. 25, 2023. Moscow's Vnukovo and Domodedovo airports also briefly shut down because of the drone attack, according to Russia's state-run news agency Tass. The attack was "the most massive air attack by drones on Kyiv" in the war so far, Serhii Popko, head of the Kyiv city administration, said on Saturday. Ukrainian air force spokesman, Yurii Ihnat, confirmed later that same day that air defenses shot down 66 air targets over the Ukrainian capital and surrounding region throughout the morning. The Ukrainian air force early on Sunday said it had brought down eight of nine Iranian-made Shahed drones fired overnight by Russian forces.
Persons: Sergei Sobyanin, Andrei Vorobyev, Moscow's, Vitali Klitschko, Serhii Popko, Yurii Ihnat, Denis Pushilin Organizations: Sunday, Russia, Russian Defense Ministry, Russian Telegram, Military, Russian, Kyiv, Ukrainian General Staff, Ukrainian, Staff Locations: Russian, Ukraine, Kyiv, Moscow, Tula, Ukrainian, Russia, Soviet Ukraine, Azov, Crimea, Kyiv ., Donetsk, Mariupol, Avdiivka, Washington
Not every corner of the plant-based food industry has been burned. After the boom-and-bust cycle of Beyond Meat stock, analysts have wondered what comes next for the plant-based food space. The alternative protein market Beyond Meat's struggles have left some skeptical about which companies have what it takes to meet the needs of consumers who want to avoid animal-based products for health or environmental reasons. After topping $230 per share at its highest point, Beyond Meat stock now trades below $7. There's a business argument beyond the alternative protein market that can bode well when forecasting demand, Morningstar's Goldstein said.
Persons: Kristen Owen, Oppenheimer, Morgan Stanley, Michael Canfield, FactSet, Canfield, Corteva, Morningstar, Seth Goldstein, Goldstein, Vincent Andrews, Owen, Zepbound, milks, bode, Morningstar's Goldstein, Archer, Michael Bloom Organizations: Good Food Institute, Daniels, Midland Locations: Green Plains, U.S, Green, There's
However, Russian military bloggers said they're failing, per the Institute for the Study of War. AdvertisementThe Kremlin is struggling to stamp out Russian military bloggers' "hysteria" around Ukrainian offensives in the Dnipro River, according to war analysts. Shoigu's speech is likely intended to play down Russian military bloggers' fears about Russia's struggles on the eastern bank of the Dnipro River, the Institute said. On Monday, a Russian milblogger called Two Majors on Telegram, posted a letter allegedly written by a Russian soldier. It said the lack of drones in the area meant Russian forces were moving more slowly and exposed them to Ukrainian strikes.
Persons: , Sergei Shoigu, Russia's, Vladimir Putin, OGPU, Krynky, Serhiy Bratchuk, Ukraine's Espreso, Natalia Gumenyuk, Andriy Yermak, Su Organizations: for, Service, Institute, Novosti, Telegram, 1st Battalion, 35th Motorized Rifle Brigade, Ukrainian, Odesa's, Administration, AFP Locations: Dnipro, Kherson, Ukraine, Krynky, Censor.Net, Russian, Crimea, Russia, Donetsk
Ukrainian marines are fortifying a captured river bank amid heavy Russian fire, an official said. Serhiy Bratchuk said Ukrainian marines are hitting back from the eastern bank, per Espreso TV. Ukrainian and Russian forces have suffered casualties in the fierce fighting. AdvertisementUkrainian marines have barricaded their positions on the eastern bank of the Dnipro River and are striking back against Russian forces there, according to a Ukrainian official. AdvertisementOn Sunday, army spokesperson Natalia Gumenyuk told Ukrainian television that their soldiers had pushed back Russian forces up to five miles from the bank of the river, per AFP .
Persons: Serhiy Bratchuk, , Ukraine's, Bratchuk, Natalia Gumenyuk, Insider's Alia Shoaib, Andriy Yermak, Su, counteroffensives Organizations: Service, Odesa's, Administration, Separate Marine Battalion, Nova Kakhovka, Washington DC, Hudson Institute, Russia's Ministry of Defence, Ukraine Locations: Dnipro, Krynky, Kyiv, Oleshky, Nova, AFP, Russian, Crimea, Donetsk
"For me when I was coaching, we are looking at high school and maybe some junior college kids. — Three years ago, nearly 400,000 girls played high school basketball and only 1.3% went on to play Division I basketball according to the NCAA. — On average, there are roughly 1,400 Division I scholarships available each year and there were 1,200 players in the transfer portal this year. Her husband played at Miami, her daughter plays at Georgetown and her younger son is a top 100 prospect in high school. If School X signs someone from the transfer portal, that is one less available scholarship at that university.
Persons: There's, Zakiyah Johnson, Darianna Alexander —, , Bourrage, , who’s, , Caitlin Clark, Christy Winters, Scott, ” Bourrage, Johnson, Alexander, Purcell, it’s, Winters, ” Winters, ” That's, LSU's Kim Mulkey, Dawn Staley, UCLA's Cori, Jeff Walz, Walz, ” Johnson, Hailey Van Lith, it's, Bourrage haven't, Maria, you’re, ” Maria, That’s, Ida B Organizations: Davenport, North High School, Iowa, AAU, University of Iowa, Maryland, of Fame, Terps, Sacred Heart Academy, Purcell Marian High School, NCAA, Miami, Georgetown, Associated Press, women’s College Basketball Academy, LSU, UConn, USC, UCLA, Ohio State, All, ACC, Inclusive, The Maynard Institute for Journalism Education, Wells Society, Investigative, AP, womens Locations: Davenport ( Iowa, Louisville , Kentucky, Cincinnati , Ohio, Kentucky, Iowa, Ohio, Memphis, Shelbyville , Kentucky, South Carolina, Ohio State . Louisville, Louisville's, Louisville
CNN —On May 24, 2022, then-fourth-grader Daniel Ruiz managed to escape the Robb Elementary School shooting in Uvalde, Texas that claimed the lives of 19 of his classmates and two teachers. But Daniel, now 11, says the fun-loving kid he was, prior to that fateful day, did not survive the massacre. “My friends, cousins and I will never be the same again … I miss how happy I used to be. Yet these harrowing statistics do not fully or adequately encapsulate the true, ever-lasting harm caused by acts of gun violence. According to a recent study published in the journal Health Affairs, in the one-year period after a shooting, survivors’ health care costs increased by about $34,884, or a 17.1-fold increase.
Persons: Danielle Campoamor, CNN —, Daniel Ruiz, Daniel, Danielle Campoamor Ashley Batz, ” Daniel, , , Daniel —, Briana Ruiz, Daniel’s, ” Briana Ruiz, Briana Ruiz Dr, Chethan, Sathya, , aren’t, Dr, Jill Emanuel, Emanuel, ” Emanuel, wasn’t Organizations: NBC, CNN, Robb Elementary School, US Centers for Disease Control, Prevention, Health Affairs, Center for, Northwell Health, PEW Research Center, Child Mind Locations: Uvalde , Texas, United States
Turkey costs may be down, but Thanksgiving dinner will still be expensive this year. Make dinner a potluck, opt for cuts of turkey instead of the whole bird, or use a Thanksgiving meal kit to save. Inflation is finally slowing down and turkey prices have dropped, but Thanksgiving dinner will still be expensive this year. You will be surprised at what you already have on hand that you can whip up for Thanksgiving dinner. Use a Thanksgiving meal kitIn an effort to make Thanksgiving prep easier and less expensive, several retailers have put together Thanksgiving meal kits that have all you need in one place and for a budget -friendly price.
Persons: , Wells Organizations: Service, Wells Fargo AgriFood Institute, Walmart, Aldi, Target Locations: Turkey, Wells Fargo
In a recent interview with the Economist, General Valery Zaluzhny acknowledged that Ukrainian forces had failed to achieve a major breakthrough of layered Russian defensive lines. Ukrainian forces near Dnipro River. But the Ukrainian gains on the Dnipro’s left bank are tenuous. A pro-Ukrainian Telegram channel that closely tracks military operations said Thursday that “several small footholds had to be abandoned” on the Dnipro’s left bank. “Russian forces are trying to eliminate the main AFU [Armed Forces of Ukraine] bridgehead in Krynky with the support of all possible means of long-range defeat,” said one blogger.
Persons: Volodymyr Zelensky’s, Andriy Yermak, , Yermak, General Valery Zaluzhny, Zaluzhnyi, , Roman Pilipey, Vladimir Saldo, David Cameron, ” Zelensky, Cameron, Boris Johnson’s, Boris Johnson, ” Cameron, Russia –, Dmytro Kuleba, Kuleba Organizations: Ukraine CNN —, Kremlin, Dnipro “, Getty, Ukrainian Telegram, CNN, Armed Forces, ” CNN, Dnipro, Russia, Ukraine’s, Ukraine, Union Locations: Kyiv, Ukraine, Ukraine CNN — Ukraine, Washington, Dnipro, Russian, Kherson, Krynky, ” Ukraine, Russia, Dnipro River, Roman, AFP, Crimea, Kherson Oblast, United Kingdom, Ukrainian, Avdiivka
While this year’s Thanksgiving dinner is more affordable compared to last year, it is still up 25% from 2019, underscoring price increases since the pandemic. But you can thank turkeys for the lower meal cost this Thanksgiving. “Traditionally, the turkey is the most expensive item on the Thanksgiving dinner table,” Veronica Nigh, senior economist at the AFBF, said in a statement. The Northeast has the most expensive meal price at $64.38 for the 12-item basket. The national average for the Thanksgiving meal was calculated by checking prices in all 50 states and Puerto Rico from November 1 to 6.
Persons: Wells Fargo, Michael Swanson, Veronica, Zippy Duvall Organizations: New, New York CNN, American Farm Bureau Federation, Bureau of Labor Statistics, US Department of Agriculture, CNN, USDA, Wells, Food Institute, cranberries Locations: New York, Turkey, Puerto Rico
Trump would require every federal employee to pass a new civil service test of his own creation. His team is also vetting scores of potential hires who could be counted on to implement his policies or perhaps investigate Trump’s political enemies. Trump also would seek to bring independent regulatory agencies such as the Federal Communications Commission and the Federal Trade Commission under presidential control. EDUCATIONTrump has pledged to require America’s colleges and universities to “defend American tradition and Western civilization” and purge them of diversity programs. On the K-12 level, Trump would support programs allowing parents to use public funds for private or religious instruction.
Persons: Donald Trump, Ted Hendricks, Octavio Jones, Republican Donald Trump, Trump, AFFAIRS Trump, Israel, James Oliphant, Ted Hesson, Andy Sullivan, Jonathan Oatis Organizations: REUTERS, Rights, Republican, Trump, Federal Communications Commission, Federal Trade Commission, Democrats, Congress, U.S . Constitution, U.S, Supreme, AFFAIRS, Ukraine, Paris Climate Accords, Biden White, Justice Department, Thomson Locations: Hialeah , Florida, U.S, United States, China, Mexico, U.S ., Russia, Europe, Paris
Experts say Trudeau's carbon pricing scheme, known as the carbon tax, works well and cannot be easily replaced. Even the left-leaning New Democrats, who support Trudeau's government in parliament and have previously defended the carbon tax, are calling for the exemption. Analysts said the carbon tax carve-out is another example of inconsistent policy. CARBON TAX REBATEThe carbon tax is intended to discourage use of fossil fuels and accelerate a switch to clean energy, but the recent carve-out underlines how fragile climate policy is in the face of pressing political calculations. In September, Bank of Canada governor Tiff Macklem said the carbon tax contributes about 0.15 percentage points to the inflation rate, which was 3.8% that month.
Persons: Justin Trudeau, Jessica Lee, Richard Brooks, Brooke, Brooks, Chris Severson, Baker, Pierre Poilievre, clobber Trudeau, Shachi Kurl, Angus Reid, Kurl, Jonathan Wilkinson, Wilkinson, Macklem, Trudeau, Robert Asselin, Asselin, Nia Williams, Steve Scherer, Josie Kao Organizations: Canada's, Ontario Chamber, Economic Summit, REUTERS, Rights Ottawa, Canadian, Provincial, New Democrats, Pembina Institute, Liberal, Conservative, Angus Reid Institute, Atlantic, Natural Resources, Reuters, Bank of Canada, Business Council of Canada, The Business Council, Thomson Locations: Toronto , Ontario, Canada, Ottawa
Strong pay growth in UK spreads to public sector, survey shows
  + stars: | 2023-11-13 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Afolabi Sotunde/file photo Acquire Licensing RightsLONDON, Nov 13 (Reuters) - Strong pay growth in Britain's private sector will be matched in the public sector in the year ahead, according to a survey which showed no sign of an easing of inflationary heat in the jobs market. The Chartered Institute of Personnel and Development (CIPD) said employers in the private and public sectors both planned 5% pay rises, meaning public workers were on course for their biggest pay rise since CIPD began its surveys in 2012. The CIPD survey showed 51% of public-sector employers reported hard-to-fill vacancies compared to 38% of private-sector employers. "There remains strong demand for people, particularly in the public sector. It’s no surprise therefore that employers are expecting pay increases to match that of the private sector to remain competitive."
Persons: Afolabi, CIPD, Rishi Sunak, Jon Boys, William Schomberg, Andy Bruce Organizations: REUTERS, Chartered Institute, Personnel, Bank of England, Reuters, Thomson Locations: Canary Wharf, London, Britain
The highly unusual incident suggested disarray in Russia's military establishment and state media over how to report the battlefield situation in southern Ukraine. It said that, after the regrouping, the Dnepr force would release some troops to be deployed in offensives on other fronts. RIA said the Russian military command had agreed with the Dnepr leadership's conclusions and ordered the relocation of troops to start. Another state agency, TASS, published just one alert on troops regrouping to more favourable positions, and then withdrew it, saying it had been released in error. Russian state media have privileged access to official briefings and typically report major military announcements shortly before they appear in the Telegram channel of the defence ministry.
Persons: Volodymyr Zelenskiy, Mark Trevelyan, Alexander Marrow, Kevin Liffey Organizations: RIA, LONDON, RBC, Russian Ministry of Defence, Dnipro, Telegram, Reuters, Thomson Locations: Moscow, Dnipro, Ukraine, Dnepr, Russia, Kherson, Russia's, Russian, The U.S, Ukrainian
MOSCOW, Nov 10 (Reuters) - Russia's military said on Friday that its forces had thwarted a Ukrainian attempt to forge a bridgehead on the eastern bank of the River Dnipro and on nearby islands, killing around 500 Ukrainian soldiers in the past week. The latest Russian statement said Russian forces had killed most of the Ukrainian soldiers in the Nov. 9 incident and taken 11 of them prisoner. The Russians had been presented with state awards for "courage and heroism" by Defence Minister Sergei Shoigu as a result, it said. The statement spoke of what it said were multiple Ukrainian unsuccessful attempts to land to seize a bridgehead on the islands and on the eastern bank of the Dnipro. Reporting by Reuters Writing by Andrew Osborn Editing by Mark TrevelyanOur Standards: The Thomson Reuters Trust Principles.
Persons: Zolto Arsalanov, Volodymyr Zelenskiy, Sergei Shoigu, Andrew Osborn, Mark Trevelyan Organizations: Reuters, 36th Marine Infantry, Defence, Thomson Locations: MOSCOW, Dnipro, Kherson, Ukraine, The U.S, Ukrainian
FRANKFURT, Germany (AP) — Adidas said it might have to write off the remaining 300 million euros ($320 million) worth of Yeezy shoes left unsold after it cut ties with rapper Ye, formerly known as Kanye West. The company included the possible write-off of the remaining Yeezy inventory in its outlook Wednesday for its earnings this year, narrowing its expected loss to 100 million euros from an earlier prediction of 450 million euros, thanks in part to the earlier two releases of Yeezy shoes. CEO Bjorn Gulden, who took over after the Yeezy breakup, is leading an effort to recover from the loss of the profitable Yeezy business. He declined to say what the company would do with the shoes if they remain unsold. The breakup with Ye left the company, based in Herzogenaurach, Germany, with 1.2 billion euros worth of unsold Yeezys and searching for a responsible way to dispose of them.
Persons: , Ye, Philonise Floyd, George Floyd, Bjorn Gulden, Gulden, Organizations: — Adidas, Kanye, Adidas, Defamation League, Keeta Floyd Institute for Social Locations: FRANKFURT, Germany, Israel, Gaza, Herzogenaurach
[1/5] A Ukrainian serviceman inspects a former Russian position outside the village of Robotyne, amid Russia's attack on Ukraine, near a front line in Zaporizhzhia region, Ukraine November 4, 2023. REUTERS/Stringer Acquire Licensing RightsNov 6 (Reuters) - Russia and Ukraine gave clashing accounts over the weekend about what is going on along the frontline in the Zaporizhzhia region, with Moscow saying it has stopped Kyiv's counter-offensive and Ukraine's army saying it keeps pressing on. The Russian defence ministry said in its daily briefing on Sunday that Russian forces have repelled Ukraine's attacks near Verbove and Robotyne. Ukraine's General Stuff also said that Ukrainian forces continued offensive operations in the Melitopol direction, in the western Zaporizhzhia region, "exhausting the enemy all along the frontline" there. Russia said over the weekend its air defence forces repelled Ukrainian air attacks there.
Persons: Stringer, Kyiv's, Yevgeny Balitsky, Balitsky, Volodymyr Zelenskiy, Valery Zaluzhnyi, Lidia Kelly, Raju Gopalakrishnan Organizations: REUTERS, Staff, Thomson Locations: Ukrainian, Russian, Robotyne, Ukraine, Zaporizhzhia region, Russia, Zaporizhzhia, Moscow, Shcherbaky, Verbove, Washington, Melbourne
“My friends, my family, I don’t think they understood why I couldn’t hold it together,” he said in an interview. On a spring morning, a pair of rock-climbing shoes hung by the door of the light-filled cabin where he lives in the Appalachian Mountains. He is trying to move on from Iraq, but a lurking darkness keeps pulling him off course. He made some of the photographs accompanying this article while he was in the Marine Corps, from 2009 to 2018. He is now studying film at the Maryland Institute College of Art in Baltimore, Md.
Persons: , , “ I’m, Daniel Johnson, Matthew Callahan Organizations: Lifeline, Marine Corps, Maryland Institute College of Art Locations: Iraq, United States, North Carolina, Washington ,, Baltimore, Md
(Reuters) - Russia and Ukraine gave clashing accounts over the weekend about what is going on along the frontline in the Zaporizhzhia region, with Moscow saying it has stopped Kyiv's counter-offensive and Ukraine's army saying it keeps pressing on. Ukraine has retaken a few small villages in the southeastern Zaporizhzhia region since the start of its counter-offensive in June, but progress has been small and the vast frontline in the country's east and south has changed little over the past year. Balitsky said that small battles were ongoing near the village of Robotyne and near the village of Shcherbaky, which is about 22 km to the northwest. The Russian defence ministry said in its daily briefing on Sunday that Russian forces have repelled Ukraine's attacks near Verbove and Robotyne. Ukraine's General Stuff also said that Ukrainian forces continued offensive operations in the Melitopol direction, in the western Zaporizhzhia region, "exhausting the enemy all along the frontline" there.
Persons: Kyiv's, Yevgeny Balitsky, Balitsky, Volodymyr Zelenskiy, Valery Zaluzhnyi, Lidia Kelly, Raju Gopalakrishnan Organizations: Reuters, Staff Locations: Russia, Ukraine, Zaporizhzhia, Moscow, Russian, Robotyne, Shcherbaky, Verbove, Washington, Melbourne
But while gas shortages are unlikely in Europe this winter, the price of the fuel remains a worry. According to S&P Global, about one-fifth of global LNG supply travels through the channel on Iran’s south coast. In a less jittery market, neither incident may have had the effect it did, helping boost European gas prices by more than 40% over the course of a single week. High gas prices have presented a persistent economic headwind for Europe's biggest economy due to its reliance on energy-intensive industries. Together, these milestones should push European gas prices down to €30 ($32) per megawatt hour by the end of next year, Weatherburn added.
Persons: Asia —, Soeren, , Jack Sharples, Heikki Saukkomaa, Simone Tagliapietra, Bill Weatherburn, Stefan Sauer, Weatherburn, Organizations: London CNN, European Union, International Energy Agency, EU, Getty, , Oxford Institute of Energy Studies, CNN, Hamas, P, Chevron, Egyptian, Steam, , Capital Economics, Qatar, Energy Locations: Russia, Moscow, Ukraine, Europe, North America, Asia, Norway, Hungary, Austria, Azerbaijan, Algeria, Germany, Israel, Gaza, Hormuz, Jordan, Egypt, Cairo, Estonia, Australia, AFP, , ” Europe, France, Italy, Lubmin, Pomerania, United States, Qatar
But declines in small-cap stocks suggest that worries about the US economy’s health still linger on Wall Street. The Russell 2000 index, which tracks the performance of US small-cap stocks, last Friday touched its lowest level since November 2020 after turning negative for the year earlier in October. Small-cap stocks tend to be an indicator of economic strength, because they generate most of their revenue domestically. Still, Mahajan says that small-cap stocks could be set up for a rally, especially if the economy sees renewed growth next year. Turkey prices drop as Thanksgiving planning ramps upSomething wild has happened with turkey prices that’s going to make the cost of cooking the Thanksgiving meal more palatable to families on a tight budget, reports my colleague Parija Kavilanz.
Persons: Russell, Jim Polk, , Mona Mahajan, Edward Jones, Jerome Powell, Mahajan, Polk, Bryan Mena, Parija Kavilanz, “ There’s, Michael Swanson, Swanson, Wells Fargo’s, Read Organizations: CNN Business, Bell, New York CNN, Federal, Big Tech, Homestead Funds, Fed, Penn Capital Management, Federal Reserve, Wells, Food Institute Locations: New York, small, Israel, Turkey
New York CNN —Something wild has happened with turkey prices that’s going to make the cost of cooking the Thanksgiving meal more palatable to families on a tight budget. “Because turkey prices are down so much, and that’s the centerpiece of the meal, celebrating Thanksgiving at home will be more advantageous this year for families,” he said. Drop in turkey prices could bring down the overall cost of a Thanksgiving home-cooked mean this year. Food price increases have been easing this year, offering much-needed relief for many households. Canned food is still costlier heading into the Thanksgiving month compared to last year.
Persons: “ There’s, , Michael Swanson, Swanson, Christopher Walljasper, Wells Fargo’s, There’s, “ Russets, , Danielle Wiener, Bronner Organizations: New, New York CNN, Wells, Food Institute, USDA Livestock Marketing, USDA Locations: New York, , Pacific
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