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☆ Trump heads to Iowa focused on Biden as DeSantis looks to jolt lagging campaign
▼ + stars: | 2023-12-02 | by ( Kate Sullivan | ) edition.cnn.com time to read: +4 min

Ron DeSantis head into their respective Iowa campaign events on Saturday eyeing different objectives that reflect their drastically different standings in the GOP primary. “Everybody will feel the love tomorrow, but the main focus will be Biden,” the senior Trump campaign aide told CNN on Friday. Trump’s campaign on Friday launched a six-figure broadcast TV ad buy in Iowa, according to the senior Trump campaign aide, which includes an ad focused on Biden. The Biden campaign seized on Trump’s comments, deploying high-profile surrogates and running a new ad on Thursday focused on health care and prescription drug costs. Trump is expected to participate in a prime-time town hall moderated by Fox News host Sean Hannity in Davenport, Iowa, the night before, according to the senior Trump campaign aide.

Persons: Donald Trump, Ron DeSantis, Trump, Joe Biden, DeSantis, Nikki Haley, Biden, ”, Grassley, Republican Iowa Sen, Chuck Grassley, Kim Reynolds, Bob Vander Plaats, Reynolds, Haley, Charles Koch, Sean Hannity Organizations: CNN, Florida Gov, GOP, Republican, Trump, South Carolina Gov, Biden, Republican Iowa, Iowa Gov, Republicans, UN, Fox News Locations: Iowa, Cedar Rapids, Ankeny, Sioux City, Florida, New Hampshire, Alabama, Davenport , Iowa, York

☆ Biden’s EV Subsidy Rules Leave Room for Chinese Suppliers
▼ + stars: | 2023-12-01 | by ( Andrew Duehren | ) www.wsj.com time to read: 1 min

A challenge is making electric vehicles cheaper, to bring down carbon emissions, while reducing reliance on China. Photo: Alisha Jucevic/Bloomberg NewsThe Biden administration is moving to jolt the domestic electric-car industry out of its reliance on China. But much-awaited rules released Friday appear to leave some room for U.S. companies to work with Chinese partners. The new requirements will likely reduce the number of electric-vehicle models that consumers can buy and qualify for a $7,500 tax credit. How many vehicles are eligible will hinge on automakers’ ability to build cars that comply with the rules.

Persons: Alisha Jucevic, Biden Organizations: Bloomberg Locations: China

☆ After deception and drama, George Santos faces expulsion from Congress
▼ + stars: | 2023-12-01 | by ( Gregory Krieg | ) edition.cnn.com time to read: +8 min

The authors of the subcommittee’s submission, in perhaps their most admirable achievement, summarized Santos’ grand political deception in a single sentence. (Santos’ first treasurer, Nancy Marks, resigned before pleading guilty to a conspiracy fraud charge and implicating Santos in a scheme to hoodwink donors.) Not coincidentally, all five swing-district Republican freshmen are expected to vote for Santos’ removal on Friday. In comments to reporters on Thursday, Santos promised more drama before he leaves town. “I’m going to be the first member of Congress expelled without any of those parameters.”On that point at least, Santos is telling the truth.

Persons: George Santos ’, Michael Guest, Santos, He’s, America’s, Santos ’, Mary Magdalene, United States Congress ”, “ Santos, ”, “, Goldman Sachs, Robert Zimmerman, might’ve, Santos –, Elise Stefanik, machers –, Stefanik, Anthony D’Esposito, Nick LaLota, Mike Lawler, Brandon Williams, Marc Molinaro, Thomas Datwyler, Nancy Marks, ” “, ” Santos, Marks, Mike Johnson, “ I’m Organizations: CNN, New York Republican Rep, Republican, GOP House, United States Congress, Baruch College, Business Administration, New York University, Citi Group, Democratic, Congressional District, New York Times, Empire State Democrats, Democrats, GOP, New York, Washington and New York, Battleground, ”, Republicans, Confederate Locations: Mississippi, Business, New York, Washington and New, Long, New York City, Battleground New York, Santos, Washington

☆ Takeaways from the DeSantis-Newsom debate
▼ + stars: | 2023-11-30 | by ( Eric Bradner | ) edition.cnn.com time to read: +8 min

Ron DeSantis opened a debate Thursday night on Fox News, Newsom told DeSantis the two had one thing in common. By the way, you’re down 41 points in your own state,” Newsom said. Hannity the ‘hall monitor’Hannity, the long-time conservative Fox host, opened the debate pledging to play a neutral role Thursday night. “It should be up to the mother and the doctor and her conscience.”What’s the value of a debate like this? Mostly, the more than 90-minute debate was DeSantis and Newsom accusing each other of lying and mischaracterizing the other’s records.

Persons: Gavin Newsom, Ron DeSantis, Newsom, DeSantis, ”, Sean Hannity, Joe Biden, Donald Trump, Hannity, Biden, Biden won’t, ” DeSantis, ” Newsom, “, Trump, Ron, Newsom sneered, Kamala Harris ’, It’s Madame, Anthony Fauci, “ Donald Trump, ” “, “ Joe Biden, Sean, he’ll, ’ Hannity, didn’t, —, “ Ron DeSantis, Newsom’s, “ It’d, I’m, ” Hannity Organizations: CNN, California, Florida Gov, Fox News, Red State, Democrat, Fox, Trump Trump, mispronouncing, Trump, DeSantis, Biden, Republican Party Locations: Florida, Red, Iowa, Mexico, Texas, DeSantis, California, United States

REUTERS/Kim Hong-Ji/File Photo Acquire Licensing RightsNov 30 (Reuters) - A look at the day ahead in Asian markets. If this week has so far been strangely listless for Asian markets, that could be about to change suddenly on Thursday as investors brace for a deluge of top-tier economic data and policy events from across the continent. The latest industrial production and retail sales data from both Japan and South Korea are on tap too, all of which could move their respective markets, especially currencies. All else equal, the risks for Asian markets on Thursday may be tilted to the upside, even though stock markets around the world again struggled on Wednesday. South Korea's central bank is expected to keep its base rate on hold at 3.50% and leave it there until at least the middle of next year.

Persons: Kim Hong, That's, Goldman Sachs, Jamie McGeever, Josie Kao Organizations: Korea, South Korean, REUTERS, New Zealand, Bank of Japan, Reserve Bank of New Zealand, Thomson, Reuters Locations: Seoul, South Korea, China, India, Japan, U.S, Korea's, Korea

Cobre Panama has said it is committed to growing more new forest than is impacted by its mine. "We aren't going anywhere," Sabino Ayarza, a representative of the protesting fishermen, told Reuters on Tuesday from his boat. Their grassroots movement, nearly unheard of in business-friendly Panama, has wiped C$11 billion ($7.4 billion) off First Quantum's market value and raised global copper prices on supply worries. The protesters' victory in Panama is emblematic of the outsized and sometimes unexpected influence local communities are having on mining companies worldwide. Cobre Panama accounted for about 46% of First Quantum's overall revenue in the third quarter, according to company data.

Persons: Aris Martinez, Sabino Ayarza, Ayarza, Codelco, Valentine Hilaire, Divya Rajagopal, Fabian Cambero, Christian Plumb, Denny Thomas, Nick Zieminski Organizations: REUTERS, Aris, PANAMA CITY, Minerals, Reuters, Panamanian, Tuesday, Scotiabank, Protesters, First, Thomson Locations: Panama City, Panama, PANAMA, TORONTO, Portugal, Peru, Chile, Macquarie, Mexico City, Toronto, Santiago

☆ A Different Approach to Climate Action
▼ + stars: | 2023-11-24 | by ( David Gelles | More About David Gelles | ) www.nytimes.com time to read: +1 min

Emissions from China, the world’s largest polluter, will peak within the next couple years, many researchers believe. Those two countries just agreed to accelerate their efforts to reduce emissions, delivering a much-needed jolt of ambition ahead of climate talks in Dubai this month. Efforts to crack down on emissions of methane — a potent but often overlooked greenhouse gas — are ramping up. “When we look at climate media, whether that’s filmmaking or newspaper headlines, it’s often really apocalyptic,” she said. So it’s a huge deal that we get it as right as possible.”

Persons: Ayana Elizabeth Johnson, it’s, ”, Johnson, “, ” Johnson Locations: China, United States, Dubai, Brazil, Indonesia, Ecuador

☆ Opinion: Iceland’s magnificent nature comes with a monster
▼ + stars: | 2023-11-23 | by ( Opinion Catharine Fulton | ) edition.cnn.com time to read: +7 min

Hikers are silhouetted against rivers of lava flowing from a volcanic eruption between Iceland's Myrdalsjokull and Eyjafjallajokull glaciers in March, 2010. Residents have been evacuated amid an imminent volcanic eruption. • Join us on Twitter and FacebookThe monster had burrowed a 15-kilometre lava tunnel that stretched beneath the town. Not since the Westman Islands awoke to an eruption in their backyard in 1973 has an entire town been evacuated. Now everyone waits and watches and wonders if residents of Grindavík will ever go back home.

Persons: Catharine Fulton, Read, Reykjavík, Reykjavík CNN —, NordicPhotos, there’s, Micah Garen Organizations: Reykjavík CNN, Geographic, Red, Icelandic Meteorological, CNN, Twitter Locations: Canadian, Reykjavik, Reykjavík, Iceland, Fimmvörðuháls, balaclava, Toronto, Grindavík, Grindavik

☆ Every country needs an Inflation Reduction Act
▼ + stars: | 2023-11-23 | by ( Antony Currie | ) www.reuters.com time to read: +9 min

REUTERS/David Gray/File Photo Acquire Licensing RightsMELBOURNE, Nov 23 (Reuters Breakingviews) - Lawmakers in South Korea blasted the U.S. Inflation Reduction Act as a betrayal. Yet concerns about market distortion from the policy intended to stimulate investment in the energy transition and signed into law by President Joe Biden in August 2022 are easing. The Biden administration’s willingness to negotiate on its package of $370 billion of tax breaks and other measures has helped. Reuters GraphicsTrouble is, governments also need to show that they will be fiscally responsible stewards of the energy transition in the short term – especially with inflation still a threat and budgets under pressure. In a speech on Nov. 2 about enabling Australia’s energy transition, Treasurer Jim Chalmers said that “incentives like the type we’ve seen in the Inflation Reduction Act in the United States can be part of an answer but they’re not the whole answer”.

Persons: David Brockwell, David Gray, Australia’s Fortescue, FMG.AX, Joe Biden, Biden, –, Goldman Sachs reckons, ’, Uncle Sam, Fumio, Jim Chalmers, they’re, Chalmers, Una Galani, Thomas Shum Organizations: REUTERS, Rights MELBOURNE, Reuters, Australia, Washington, European, of America, Labor Energy Partnership, U.S, Canberra, Climate Energy Finance, Climate Capital Forum, Deloitte, National Australia Bank, quicken, Thomson Locations: Lake George, Canberra, South Korea, United States, Seoul, European Union, U.S, Japan, Washington, EU, Australia

The Gap logo is seen on the front of the company's store in Paris, France, July 1, 2021. If current gains hold, shares will have nearly doubled since late July after the former Mattel (MAT.O) executive was appointed to revive the once sought-after brand. Gap's third-quarter earnings release Thursday showed significant inventory destocking, even as its holiday-season forecast disappointed. However, Gap joined other retailers in sounding a cautious note on spending, heading into the all-important shopping season. Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Shinjini Ganguli and Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

Persons: Sarah Meyssonnier, Richard Dickson, Dickson, David Swartz, Swartz, Katrina O'Connell, Gap, Ananya Mariam Rajesh, Shinjini Ganguli Organizations: REUTERS, Mattel, Gap's Old Navy, Morningstar, Navy, Walmart, Banana Republic, Thomson Locations: Paris, France, Bengaluru

☆ How American Women Claimed Their Place in Sports
▼ + stars: | 2023-11-16 | by ( Michael Maccambridge | ) www.wsj.com time to read: +1 min

Spring witnessed the highest-profile women’s college basketball tournament ever, with Iowa’s Caitlin Clark becoming the sensation of March Madness. The WNBA, after 26 seasons, is finally gaining traction on TV and attendance was up 16% this season. In soccer, the Women’s World Cup was a rousing success and the domestic league, the NWSL, just concluded its 10th full campaign. It’s easy to assume that these gains are the inevitable product of Title IX, the law that prohibits sex-based discrimination in education. Two generations of Title IX legislation has given women’s sports a vital seismic jolt, but it took a confluence of events in the 1970s to make today’s breakout possible.

Persons: Iowa’s Caitlin Clark, Coco Gauff, IX Organizations: WNBA, U.S, University of Nebraska women’s volleyball Locations: American

☆ Confessions of a startup founder's wife
▼ + stars: | 2023-11-15 | by ( Melia Russell | ) www.businessinsider.com time to read: +20 min

I wished I had told Kyle that I would understand if he wanted to quit. That's as apt a description of Kyle's startup as it is of our relationship. I'm not sure Kyle has found as many perks to being a startup founder married to a startup reporter. Now Kyle's startup has pivoted a third time. The truth is, I don't know if Kyle's startup will make it.

Persons: Kyle, Kyle shrugged, pang, I'd, hadn't, Scott Belsky, It's, messier, I've, he'd, Jillian, Chris Dixon, Andreessen Horowitz, Jeff Bezos, MacKenzie Scott, Schulze, TikTok, Josh Cochran, Marc Andreessen, I'm, He'd, Eric Paley, Steve Jobs, —, Playbyte, he's, Rohan Seth, Paul Davison, Steve Huffman, hasn't, Instagram, it's, Zelda, That's, cradling, Melia Russell Organizations: Apple Watch, Steam, Francisco's Mission, University of California, TechCrunch, White House, YouTube, Labor Locations: Champagne, Francisco's, Berkeley, San Francisco, New York, America, Playbyte, Kyle, Boston, Bay, sobs

☆ What a U.S.-China Climate Deal Means for COP28
▼ + stars: | 2023-11-15 | by ( David Gelles | More About David Gelles | ) www.nytimes.com time to read: 1 min

The United States and China announced an agreement on Tuesday evening to sharply increase clean energy, displace fossil fuels and reduce the emissions that are warming the planet. The deal comes at a pivotal moment for the United States, the biggest climate polluter in history, and China, currently the largest polluter. And in two weeks, representatives from nearly 200 countries will gather in Dubai as part of the United Nations climate talks known as COP28. The deal between the U.S. and China could deliver a jolt of ambition ahead of the global talks. If the world’s two biggest polluting countries can agree to reduce their fossil fuel emissions, other countries should find it easier to follow suit.

Persons: Biden, Xi Jinping Organizations: U.S Locations: States, China, United States, Dubai, United Nations

☆ I moved from New York to Taiwan for work. I had to take a pay cut to my $40,000 salary — but I have no regrets.
▼ + stars: | 2023-11-15 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +5 min

Alex Teachey is a New Yorker who moved to Taiwan in 2020. AdvertisementThis as-told-to essay is based on a conversation with Alex Teachey, a 38-year-old astronomer and New Yorker who moved to Taiwan in 2020. I landed my current job as a postdoctoral fellow at the Academia Sinica in Taipei, Taiwan, that same year. It's in a neighborhood that I love, in New Taipei City, the enormous donut that sprawls around the center of Taipei. I live a 20-minute bike ride from my office — I never could have have afforded anything remotely similar if I'd stayed in New York City.

Persons: Alex Teachey, —, I'd, New York Alex Teachey, it'd, I've, — it's, we're Organizations: New Yorker, Service, Yorker, New York University, Columbia University, Academia Sinica, Tap, Google, Taiwan's Locations: New, Taiwan, New York, Taipei, Here's, Tap Taipei, York City, New York City, Yonghe, New Taipei City, Qingshui Cliff, Hualien

☆ BlackRock-backed Jolt launches on-street EV chargers in UK
▼ + stars: | 2023-11-14 | by ( Nick Carey | ) www.reuters.com time to read: +2 min

REUTERS/Nacho Doce/File Photo Acquire Licensing RightsLONDON, Nov 14 (Reuters) - Australian charging company Jolt, which has received backing from U.S. fund manager BlackRock (BLK.N), said on Tuesday it is rolling out on-street EV chargers in London as parts of plans to install 5,000 chargers in Britain over the next three to five years. Jolt is rolling out chargers in the London borough of Barnet and CEO Doug McNamee said the company was in talks to do the same in other boroughs. Barnet has received a 2.1 million pound ($2.6 million) government grant for EV charging infrastructure. Its chargers feature advertising, which pays for 7 kilowatt hours of free charging for consumers, or around 30 miles (48.3 km) of EV range. The company currently has around 100 chargers in service, but has a "global pipeline of around 7,500 chargers," McNamee said.

Persons: Nacho, Doug McNamee, McNamee, Jolt, We've, Nick Carey, Bernadette Baum Organizations: REUTERS, BlackRock, Barnet, EV, Canadian, Telus, Thomson Locations: Sao Paulo, Brazil, U.S, London, Britain, Barnet, Australia, New Zealand, Canada, BlackRock

WASHINGTON (AP) — When President Joe Biden meets Chinese leader Xi Jinping on Wednesday, there will be no such thing as a small detail. Biden and Xi will meet while both attend next week's Asia-Pacific Economic Cooperation summit in San Francisco, but even basic information has remained closely guarded. That recalls Biden's nearly three-hour meeting with Xi before the start of last year’s G-20 summit in Bali. The Chinese attach importance to the location, which this time may be more like Sunnylands than Anchorage, where top U.S. and Chinese officials held rather tense 2021 talks. Hillary Clinton's 1995 Beijing visit turned heads for a different reason when she declared that “human rights are women’s rights, and women’s rights are human rights."

Persons: Joe Biden, Xi Jinping, Beijing’s, Bonny Lin, Biden, Xi, China’s, Biden's, Victor Cha, ” Cha, Richard Nixon, Barack Obama, Obama, Donald Trump, Bonnie Glaser, Xi's, Ryan Hass, John L, Hass, George H.W, George H.W . Bush, Fang Lizhi, “, Hillary Clinton's, Laura Bush's, Sasha Obama, Hu Jintao, Malia, Michelle, Michelle Obama, Colleen Long Organizations: WASHINGTON, China Power, Center for Strategic, International Studies, Economic Cooperation, White House, San, Communist Party, Asian Affairs, White, National Security Council, APEC, Mar, German Marshall Fund, Thornton China Center, Brookings Institute, Olympics, The New York Times, Press Locations: Washington, Asia, San Francisco, Bali, China, United States, Sunnylands, Rancho, Palm Springs , California, Lago, ”, Anchorage, Texas, Beijing, George H.W ., Thailand, Myanmar, The

☆ Morning Bid: Powell pushback puts cloud 9 beyond reach
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +5 min

Federal Reserve Board Chairman Jerome Powell answers a question during a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy at the Federal Reserve in Washington, U.S., November 1, 2023. Curiously, there was little change in that basic market pricing after Powell spoke - with end-2024 futures still pointing at a rate of 4.50-4.75% versus the current 5.25-5.50%. But the Treasury market did suffer a bigger jolt - as they were also undermined by poor demand at the latest long bond auction. But others pointed to a ransomware attack on the U.S. arm of The Industrial and Commercial Bank of China, which reportedly disrupted trades in the Treasury market on Thursday. Whatever the main cause, fresh bond market jitters were enough to knock the S&P500 out of its winning streak and close almost 1% lower.

Persons: Jerome Powell, Kevin Lamarque, Mike Dolan, Jerome Powell's pushback, Powell's, Powell, 5bps, Sterling, Janet Yellen, Lorie Logan, Raphael Bostic, Christine Lagarde, Joachim Nagel, Elaine Hardcastle Organizations: Federal, Committee, Federal Reserve, REUTERS, Veterans, Commercial Bank of China, Treasury, University of Michigan, Dallas Federal, Atlanta Fed, European Central Bank, Financial Affairs, Reuters, Thomson Locations: Washington , U.S, U.S, United States, HK, Washington, Beijing, Atlanta

☆ The off-duty pilot accused of trying to crash an Alaska Airlines flight wouldn't get anti-depressants because he was scared of losing his job, his wife said
▼ + stars: | 2023-11-10 | by ( Sonam Sheth | ) www.businessinsider.com time to read: +3 min

An off-duty pilot accused of trying to crash a plane refused to take antidepressants, his wife told NYT. AdvertisementAdvertisementAn off-duty pilot facing attempted murder charges after being accused of trying to crash a plane had refused to get antidepressants because he was afraid of losing his job, his wife told The New York Times. Emerson told the New York Times in an interview that he'd consumed psychedelic mushrooms two days before the incident. Emerson said the trip was during a weekend getaway with his friends to commemorate the death of his best friend, The New York Times reported. The Times reported that the loss prompted Emerson to seek help for mental health issues.

Persons: Joseph Emerson didn't, He's, —, Joseph Emerson's, Sarah Stretch, Stretch, Insider's Michelle Mark, Joe LoRusso, Emerson Organizations: Service, New York Times, Times, Federal Aviation Administration, Alaska Airlines, The Times Locations: The California, Oregon

☆ The Land Where Inflation Is Good News
▼ + stars: | 2023-11-09 | by ( Miho Inada | Peter Landers | ) www.wsj.com time to read: 1 min

TOKYO—For a quarter-century, Japan tried every trick in the central-banking book to boost prices and jolt its troubled economy back to life. The cure turned out to be pandemic and war. Higher energy and food costs triggered by the Ukraine war, coupled with Covid-era supply-chain snags, are bringing a surprise end to the long, bleak era of Japanification. Businesses are increasing prices significantly, and wages have begun inching up.

Locations: TOKYO, Japan, Ukraine

☆ Recession-hit Peru aims to boost investment with stimulus package
▼ + stars: | 2023-11-09 | by ( Marco Aquino | ) www.reuters.com time to read: +1 min

LIMA, Nov 9 (Reuters) - Peru's government on Thursday announced a package of more than two dozen new measures aimed at boosting investments in the Andean nation, which has been hit by a recession. Economy Minister Alex Contreras said the measures included moves to attract investments to the country's critical mining sector and boosting mining production. 2 copper producer slid into recession this year due to the El Nino weather phenomenon, lower private investment and lingering effects from earlier social conflicts. With the fresh stimulus, Peru's economy will still be able to hold the country's fiscal deficit to its goal of 2.4% of GDP this year, Contreras said. "We're looking to create a jolt of confidence, for the private sector to understand that the government is committed to reactivating the economy," he said.

Persons: Alex Contreras, Contreras, Marco Aquino, Brendan O'Boyle, Kylie Madry, Alexander Smith, Sandra Maler Organizations: El, Thomson Locations: LIMA

☆ SiriusXM is targeting younger customers with new app and streaming plan
▼ + stars: | 2023-11-09 | by ( Drew Richardson | ) www.cnbc.com time to read: +4 min

SiriusXM announced Wednesday that it will launch a revamped app and a newly priced streaming plan as it pushes to attract younger customers. SiriusXM has shed subscribers recently, as it reported a loss of 94,000 satellite radio subscribers in the third quarter. The company is also simplifying its pricing structure, offering its new Streaming All Access Plan for $9.99 a month, a dollar cheaper than its current all-inclusive streaming plan. The cheaper price tag is another bid to attract millennial and younger customers, who may already pay for another streaming service. Select-model 2024 Polestar vehicles will come equipped with SiriusXM 360L technology, which combines satellite and streaming features, the company announced Wednesday.

Persons: Scott Greenstein, Kevin Hart, Ashley Flowers, Kelly Clarkson, SiriusXM, Jennifer Witz, Howard Stern, Conan O'Brien, Andy Cohen, Joe Inzerillo, Morgan Stanley, Dolly Parton, John Mayer, Witz Organizations: NEW, Industry, Tisch, Apple, Sirius, Technology, CNBC, SiriusXM Locations: New York City

☆ Vietnam market was a stinking performer but has grown: Dragon Capital
▼ + stars: | 2023-11-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVietnam's market was a stinking performer but it has since grown: Dragon CapitalDominic Scriven, founder of Dragon Capital, says "every time things seem to slow down, there's another jolt … that restarts the [foreign direct investment] pump."

Persons: Dominic Scriven Organizations: Dragon

☆ Citigroup considers deep job cuts for CEO Jane Fraser’s overhaul, called 'Project Bora Bora'
▼ + stars: | 2023-11-06 | by ( Hugh Son | ) www.cnbc.com time to read: +5 min

Fraser is under mounting pressure to fix Citigroup, a global bank so difficult to manage that its challenges consumed three predecessors dating back to 2007. Stock Chart Icon Stock chart icon Citigroup's stock has been mired in a slump under CEO Jane Fraser. While competitors have been cutting jobs this year, Citigroup's staff levels remained at 240,000. That leaves Citigroup with the biggest workforce of any American bank except the larger and far more profitable JPMorgan. Executives will see cuts beyond 10% because of Fraser's push to eliminate regional managers, co-heads and others with overlapping responsibilities, they said.

Persons: Citigroup Jane Fraser, Alex Wong, Jane Fraser, Fraser, JPMorgan Chase, James Shanahan, Edward Jones, Mike Corbat, they'll, Mike Mayo, Titi Cole, Citigroup's, Cole, Wells, I'm, Dana Neibert Organizations: Citigroup, Financial Services, Rayburn House, JPMorgan, Citi, Bank of America, Boston Consulting, Bank, Getty, Operations Locations: Washington , DC, U.S, Wells Fargo, Tahiti, Polynesia

Before the endorsement, Mr. Trump repeatedly criticized Ms. Reynolds, who had joined Mr. DeSantis at campaign events around Iowa, for her perceived disloyalty. Mr. Trump, meanwhile, spent Monday testifying in a civil fraud trial that threatens his business empire in New York. In Iowa, Mr. DeSantis is in need of a jolt. “She’s the reason we’re red,” said Gloria Mazza, the chairwoman of the Republican Party of Polk County, which includes Des Moines. Leaders of Iowa’s evangelical community, an important voting bloc, suggested Ms. Reynolds’s endorsement was a major coup for the DeSantis campaign.

Persons: Trump, Reynolds, DeSantis, Nikki Haley, DeSantis’s, “, ”, Gloria Mazza, Mazza Organizations: Mr, Gov, Des Moines Register, NBC, Iowa Republicans, Republican Party Locations: Des Moines, Iowa, New York, South Carolina, Polk County

☆ Exclusive: BOJ plans to exit from easy policy next year but needs some good fortune
▼ + stars: | 2023-11-02 | by ( Leika Kihara | ) www.reuters.com time to read: +6 min

Ueda's intentions are based on interviews with six sources familiar with the BOJ's thinking, including government officials with direct interaction with the bank. "Given uncertainty over the economic outlook, the BOJ probably wants to wait at least until spring next year in normalising policy," said another source. If the yen continues to fall, that could heighten political pressure on the BOJ to exit sooner than it wants, some analysts say. The risk of sharp yen falls and an inflation overshoot may leave the BOJ with less time than it wants to exit. "The BOJ doesn't have much time left, a point governor Ueda is probably mindful of."

Persons: Kazuo Ueda, Ueda, Kuroda, it's, Robert Samson, Ueda hasn't, Hiromi Yamaoka, Leika Kihara, Anisha, Shri Navaratnam Organizations: Japan, Kyodo, REUTERS, Bank of Japan, Nikko Asset Management, Thomson Locations: Tokyo, Japan, BOJ, YCC, TOKYO, U.S, Bengaluru

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