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☆ Morning Bid: Japan jolt as inflation forks
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +5 min

A man walks past the headquarters of Bank of Japan in Tokyo, Japan, January 17, 2023. "If we judge that Japan can achieve its inflation target even after ending negative rates, we'll do so," Ueda said. The yen surged 1% against the dollar, knocking the U.S. currency back more generally (.DXY) on the foreign exchange markets. If Japan's does tighten further by yearend, it comes as the Federal Reserve and European Central Bank rate hike campaigns are coming to halt. News of an expected return of headline Chinese consumer price inflation to positive territory last month and above-forecast August lending data helped mainland shares (.CSI300) higher, with the yuan bouncing back from 16-year lows.

Persons: Issei Kato, Mike Dolan, Kazuo Ueda, Ueda, Alibaba, Daniel Zhang, Bank of England policymaker Catherine Mann, Christina Fincher Organizations: Bank of Japan, REUTERS, U.S, Tokyo Stock, Nikkei, Global, Treasury, yearend, Federal Reserve, European Central Bank, ECB, Fed, CPI, OpenAI, Wall Street, SoftBank Group, underwriters, Bank of England, Oracle, Graphics, Graphics Reuters, Thomson, Reuters Locations: Tokyo, Japan, U.S, Hong Kong, Ottawa

☆ Warren Buffett wrote to Leon Cooperman about stock buybacks, taxing the rich, and the presidency. Here are the 3 messages, from Cooperman's new memoir
▼ + stars: | 2023-09-09 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Warren Buffett wrote to Leon Cooperman about stock buybacks, taxing the rich, and Henry Singleton. When Cooperman was mulling a presidential run, Buffett joked he could "deliver Nebraska" for him. Cooperman shared a trio of messages he received from Buffett in his newly published memoir. Buffett wrote him a note after reading the letter, which Cooperman still keeps framed in his office:Dear Lee,I always enjoy both the quality of your writing and the quality of your thinking. Buffett wrote to Cooperman after his speech to express his agreement:AdvertisementAdvertisementHenry was a manager that all investors, CEOs, would be CEOs, and MBA students should study.

Persons: Warren Buffett, Leon Cooperman, Henry Singleton, Cooperman, Buffett, Goldman Sachs, trumpeted, Dear Lee, Warren, Singleton, Henry, Lee, you've Organizations: Service, Teledyne, Cooperman, Wall, Finance, Philanthropy, Omega Advisors, Business, Loews, Berkshire Locations: Nebraska, Wall, Silicon, Bronx, Iraq, Afghanistan

☆ Stocks subdued after bruising week, dollar basks and yuan wilts
▼ + stars: | 2023-09-08 | by ( Huw Jones | ) www.reuters.com time to read: +4 min

U.S. stock index futures , , were little changed. The dollar was set to clock up its best winning streak since 2014, bolstered by a resilient run of U.S. economic data. In contrast, the yuan fell to its weakest level since 2007 on worries about China's slowing economy. "Everything is geared towards the next couple of weeks, with European Central Bank, Federal Reserve and Bank of England meeting. Stocks sought to stabilise after a week of easing, with the MSCI All Country stock index (.MIWD00000PUS) slightly weaker at 676.83 points, and down about 1.5% for the week so far, though still up nearly 12% for the year.

Persons: Toby Melville, Mike Hewson, Stocks, Patrick Spencer, Spencer, YUAN, Masato Kanda, Hirokazu Matsuno, Brent, Heekyong Yang, Shri Navaratnam, Tomasz Janowski, David Evans Organizations: London Stock Exchange Group, City of, REUTERS, Stocks, Apple, Investors, European Central Bank, Federal Reserve, Bank of England, CMC, U.S, Consumer, Baird, ANZ Bank, Treasury, Thomson Locations: City, City of London, Britain, China, United States, Europe, U.S, Seoul

☆ Goldman Sachs CEO David Solomon sees Wall Street rebound if tech IPOs perform
▼ + stars: | 2023-09-07 | by ( Hugh Son | ) www.cnbc.com time to read: 1 min

The upcoming spate of tech IPOs could help kickstart muted capital markets, Goldman Sachs CEO David Solomon told CNBC's David Faber. Firms including chip designer Arm and Instacart have filed to go public, and companies that are mulling listings will watch how those IPOs go, Solomon said Thursday during the interview. "Over the course of the next few months, especially if Arm and some of these other IPOs go well, I think you're going to see a meaningful increase in activity," Solomon said. A rebound in IPOs and mergers would be welcome for Goldman and the rest of Wall Street, which has dealt with a dearth of activity in the past year. After coming off a record year for revenue in 2021, Solomon has had to contend with internal dissent and criticism over his decisions and leadership style in a series of unflattering articles.

Persons: Goldman Sachs, David Solomon, CNBC's David Faber, Solomon, Goldman Locations: IPOs

Executive Producer Reese Witherspoon attends a premiere for the television series "The Last Thing He Told Me" in Los Angeles, U.S, April 13, 2023. REUTERS/Mario Anzuoni Acquire Licensing RightsTORONTO, Sept 7 (Reuters Breakingviews) - Reese Witherspoon is putting her star power – and business acumen – to the takeover test again. Private equity firm Consortium Brand Partners said on Wednesday it had bought 70% of Witherspoon’s “steeped in Southern charm” apparel company for an undisclosed sum. For all the attention A-listers now command in deal-making, however, the financial stars often don’t align. Follow @sharonlam_ on XCONTEXT NEWSPrivate equity firm Consortium Brand Partners said on Sept. 6 that it had acquired a 70% stake in Draper James, the fashion and lifestyle brand started by Hollywood actor Reese Witherspoon.

Persons: Reese Witherspoon, Mario Anzuoni, –, Blackstone, Draper James, George Clooney’s, Dre’s, Kylie Jenner, Kim Kardashian, Jessica Simpson, Jessica Alba, ”, Jeffrey Goldfarb, Aditya Sriwatsav Organizations: REUTERS, Rights, Reuters, Sunshine, Brand Partners, Diageo, Apple, Bloomberg, Honest Company, Jay, Hollywood, Thomson Locations: Los Angeles, U.S, North America, Coty, Delaware, Draper

The red king crab fishery was closed; the snow crab fishery cut to a tenth of the previous year's take. After another bad survey last year, the red king crab fishery closed again and the snow crab fishery closed for the first time ever. Kevin Abena, who runs a fishing business with his father, also relies on tendering to stay afloat in the wake of the crab fishery closure. Researchers this year brought samples of crab back to Kodiak for further analysis, exploring how snow crab respond to stress in their environment, including rising heat. It will help determine what crab fisheries might open this winter and decisions on each kind of crab are expected some time in early October.

Persons: — Gabriel Prout, ”, Prout, he's, Kevin Abena, Mike Litzow, ” Litzow, “, Mark Stichert, you’re, ” Abena, ” Prout, “ It'd, Joshua A . Bickel Organizations: Kodiak, Alliance Cooperative, Kodiak Fisheries Science Center, ”, Alaska Department of Fish, National Marine Fisheries Service, Pacific Fishery Management, Bristol Bay, Bristol Bay Red King, U.S . Department of Commerce, Twitter, AP Locations: KODIAK, Alaska, Bering, Bristol Bay, Kodiak, Alaska Bering, Bristol Bay Red, ___

☆ Shelved L’Occitane buyout is no win for Hong Kong
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +2 min

A woman walks past a L'Occitane advertisement in Hong Kong April 19, 2010. Cosmetics retailer L'Occitane International S.A. plans to raise up to $708 million in a Hong Kong initial public offering, a source close to the deal said on Sunday night. Reinold Geiger has given up on his tentative plan to buy out the minority of shares he doesn’t already own of L’Occitane (0973.HK), a move that would have delisted the European skincare group from Hong Kong in the Asian hub’s largest take-private. The Austrian billionaire didn’t explain why he shelved the idea, which was probably a prelude to a relisting in Europe – mostly likely France. The appeal of such a move is unlikely to have diminished as global investors turn cold on both Hong Kong and China stocks, possibly for the long term.

Persons: Reinold Geiger, doesn’t, didn’t, Geiger, Una Galani, Thomas Shum Organizations: L'Occitane International S.A, Reuters, HK, Prada, Bloomberg, X, Thomson Locations: Hong Kong, MUMBAI, Austrian, Europe, France, China, Una

☆ Wagner Group may be absorbed by the Russian Defense Ministry, which Prigozhin rallied against before his death. The mercenary group's current arrangement could 'disappear rather soon,' former GRU capt
▼ + stars: | 2023-08-29 | by ( Azmi Haroun | ) www.businessinsider.com time to read: +5 min

The fate of the Wagner Group is in the hands of Vladimir Putin and the Kremlin. The New York Times reported the Russian Defense Ministry was considering absorbing the group. AdvertisementAdvertisement"The Wagner Group will disappear rather soon," Boris Volodarsky, a former captain in Russia's Spetsnaz GRU special forces and a fellow with the Royal Historical Society in London, told Insider. As tensions mounted between Wagner and Putin this summer, the Kremlin mandated that Wagner recruits sign contracts with the Russian army — which Prigozhin resisted. In his tirade, Prigozhin said the ministry "must be stopped" and the people responsible for the death of Wagner fighters must be punished.

Persons: Vladimir Putin, Yevgeny Prigozhin, Prigozhin, Wagner, Boris Volodarsky, Russia's, Putin, Dmitry Utkin, Valery Chekalov, Volodarsky, —, Alexander Lukashenko Organizations: Wagner, Kremlin, The New York Times, Russian Defense Ministry, Service, Wagner Group, New York Times, Institute for, Royal Historical Society, Defense Ministry, Times, Central African, Associated Press, Russia's Defense Ministry, Belarusian Locations: Wall, Silicon, East, Africa, Russian, London, Tver, Moscow, Belarus, Bakhmut, Ukraine, Mali, Russia, Rostov

The U.S. economy has avoided a threatened banking crisis and financial markets have not only aligned with the Federal Reserve's tight-credit policies but of late even helped the process by bidding up market interest rates. "I think Powell’s main effort is going to be explaining to what degree you want to hold (interest rates) higher for longer in the current outlook." Investors in contracts tied to the Fed's benchmark interest rate currently expect the Fed to begin reducing the policy rate next year from the current level set between 5.25% and 5.5%. Fed officials in fact have begun discussing the possibility of rate cuts down the road, at least in the context of steadily falling inflation. If inflation does decline as expected, Fed officials including Powell have suggested rate reductions might be appropriate to maintain a roughly constant inflation-adjusted "real rate."

Persons: Jerome Powell, Jackson, Jim Urquhart, JACKSON, Antulio Bomfim, Powell, who've, isn't, Adam Posen, William English, Donald Kohn, Howard Schneider, Andrea Ricci Organizations: REUTERS, Federal, Kansas, Fed, Northern Trust, Bank of England's, Committee, Peterson Institute for International Economics, Yale School of Management, Brookings Institution, Thomson Locations: Teton, Jackson , Wyoming, U.S, , Wyoming, Washington

☆ College Football Can Get (a Little) Better. Here’s How.
▼ + stars: | 2023-08-24 | by ( Jason Gay | ) www.wsj.com time to read: 1 min

I continue to hear from Journal readers who are rolling their eyes at the chaos in college football—the Pac-12 whittled to a sad quartet; the Atlantic Coast Conference considering the addition of vaunted East Coast powers Stanford and Cal; the 18-member Big Ten mulling expansion to Tahiti, Luxembourg, Greenland, and maybe North Jupiter. (“Jupiter’s not really that long a flight,” I think I heard one Big Ten official say.)

Persons: Jupiter’s Organizations: Atlantic Coast Conference, Stanford, Cal Locations: Tahiti, Luxembourg, Greenland

☆ High food prices put populism on India’s table
▼ + stars: | 2023-08-22 | by ( Shritama Bose | ) www.reuters.com time to read: +4 min

Prices of tomatoes, onions, potatoes, pulses and spices – all the basic ingredients - are soaring as the world’s most populous country heads towards key state polls later this year and national ones soon after. It increases the temptation for Prime Minister Narendra Modi’s ruling Bharatiya Janata Party to indulge in some fiscal populism. Reuters Graphics Reuters GraphicsA surge in food prices drove annual retail inflation to 7.44% in July, the most in 15 months. Elections will be held this year in five of India’s 28 states, including heavyweight constituencies Madhya Pradesh and Rajasthan. India banned the export of non-basmati rice on July 20 to clamp down on rising domestic prices of the grain.

Persons: Narendra Modi’s, Modi, Nirmala Sitharaman, Una Galani, Thomas Shum Organizations: Reuters, Bharatiya Janata Party, Reuters Graphics Reuters, Madhya, Bloomberg, India’s, IDBI, India’s Ministry of Finance, Reserve Bank, Thomson Locations: MUMBAI, Nepal, Madhya Pradesh, Rajasthan, Karnataka, New Delhi, India

☆ Nvidia, key Powell speech to take center stage next week in midst of Wall Street's August woes
▼ + stars: | 2023-08-18 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

The week ahead will "revolve around three things," Infrastructure Capital Management CEO Jay Hatfield remarked on the week ahead. "Nvidia's earnings, Nvidia's earnings and, to a lesser degree, Jackson Hole." Nvidia earnings Many investors expect Nvidia will beat expectations for the second quarter when it reports results next Wednesday . More commentary from Jackson Hole If Nvidia is the key microeconomic event next week, Jackson Hole will dominate macroeconomic discussion. Powell delivers his address at the annual central bank forum hosted by the Kansas City Fed next Friday morning.

Persons: Jerome Powell, Jay Hatfield, Jackson, Management's Yung, Yu Ma, Hans Mosesmann, Hatfield, Powell, Ross Mayfield, Ray Farris, Fed Governor Bowman, Michael Bloom Organizations: Federal, Infrastructure Capital Management, Dow, Nasdaq, Treasury, Fitch, Federal Reserve, BMO, Nvidia, Rosenblatt Securities, Infrastructure Capital Management's, Kansas City Fed, Fed, Infrastructure Capital, Credit Suisse, Richmond Fed, Federal Reserve Bank of Chicago, PMI, New, Body, Devices, Autodesk, Chicago, . Kansas City Fed Manufacturing, Intuit, Ulta Locations: , Wyoming, China, Infrastructure Capital Management's Hatfield, Powell, . Kansas, Michigan

☆ US House Republicans seek Joe Biden's emails from National Archives
▼ + stars: | 2023-08-17 | by ( David Morgan | ) www.reuters.com time to read: +3 min

House Republicans are mulling a possible impeachment inquiry against the elder Biden, based partly on allegations that the president, his son and other family members have engaged in financial misconduct, allegations the White House strongly denies. The White House had no immediate comment. "Joe Biden has stated there was 'an absolute wall' between his family's foreign business schemes and his duties as vice president. "The National Archives must provide these unredacted records to further our investigation into the Biden family's corruption," the Republican said. Reporting by David Morgan; Editing by Scott Malone and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Biden, Hunter, James Comer, Biden, David Weiss, Department's, Hunter Biden, Biden's, Donald Trump, Devon Archer, Archer, Comer, David Morgan, Scott Malone, Jonathan Oatis Organizations: Infrastructure Law, White, Republican U.S, National Archives, House Republicans, Hunter, Biden, Republican, Thomson Locations: WASHINGTON, Ukrainian

☆ China is hiding key data to pretend its economy is doing OK. It's not.
▼ + stars: | 2023-08-16 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

China is hiding unflattering data, with its economy struggling. The National Bureau of Statistics didn't report youth unemployment numbers this month. The National Bureau of Statistics said Tuesday it would stop releasing youth unemployment numbers, after joblessness among 16-to-24 year olds spiked to 21% in June. China's economy could be a "ticking time bomb", the President told a fundraiser event in Utah, adding that "when bad folks have problems, they do bad things." Those measures could help jumpstart China's struggling economy – but trying to turn off the bad news tap will not.

Persons: Brad Setser, Joe Biden, jumpstart Organizations: National Bureau, Statistics, Financial Times, Service, National Bureau of Statistics, Treasury Locations: China, Beijing, Wall, Silicon, Japan, Utah, China's

HONG KONG, Aug 15 (Reuters Breakingviews) - Hong Kong has lost some permanent appeal. The introduction of two sets of approvals was mandated three decades ago when foreign investors wanted additional protections to invest in the first wave of Chinese firms listing in Hong Kong. China's domestic securities laws have since developed and global investors can now directly buy shares onshore through various channels. That could lead to more onshore shares being issued relative to offshore shares, further diluting minority owners in Hong Kong. In 2020, Hong Kong shareholders vetoed the Bank of Zhengzhou's proposal to avoid such an outcome.

Persons: Hong Kong, HKEX, Una Galani, Thomas Shum Organizations: Reuters, Hong Kong Exchanges, HK, China Securities Regulatory Commission, Asia Securities Industry, Financial Markets Association, Corporate Governance Association, China Life Insurance, Wall, Hong, Bank of, Companies, Global, Hang Seng China Enterprise Index, Graphics Global, Thomson Locations: HONG KONG, Hong Kong, China, Shanghai, Shenzhen, Hong

☆ Disney's future, a hot topic among Hollywood elite
▼ + stars: | 2023-08-14 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +5 min

[1/2] Executive Chairman of the Walt Disney Company, Bob Iger arrives at the world premiere for the film 'The King's Man' at Leicester Square in London, Britain December 6, 2021. REUTERS/Hannah McKay/File PhotoAug 14 (Reuters) - Hollywood's favorite parlor game of the week: What will Bob Iger do next? Another veteran media executive predicted Disney would spin off the television asset to its shareholders as a separate, publicly traded company by 2024, with private equity potentially playing a role. "You sell the parts, then sell what's left," said the veteran. Reporting by Dawn Chmielewski in Los Angeles; Editing by Kenneth Li and Richard ChangOur Standards: The Thomson Reuters Trust Principles.

Persons: Bob Iger, Hannah McKay, Walt Disney, Iger, Jeff Bewkes, what's, It's, Laura Martin, Dawn Chmielewski, Kenneth Li, Richard Chang Organizations: Walt Disney Company, Leicester Square, REUTERS, U.S ., Walt, CNBC, Reuters, ESPN, Disney, ABC, Disney Channel, NBA, Comcast, Hulu, Time Warner, Google, Facebook, Apple, Netflix, MGM, Needham, Thomson Locations: London, Britain, Culver City, New York City, U.S, Hulu, Hollywood, Los Angeles

☆ America’s new China curbs eschew scale for smarts
▼ + stars: | 2023-08-10 | by ( Ben Winck | ) www.reuters.com time to read: +4 min

The White House on Wednesday took the wraps off its proposal for screening investments U.S.-based funds make abroad, giving President Joe Biden a new tool for “de-risking” from China. But while the government’s inbound-investment reviews have often proven onerous, the pitch for outbound screening should placate investors and even diplomats. If recipients boast close ties to Chinese military or intelligence capabilities, the department could then block the transaction. Follow @BenWinck on TwitterCONTEXT NEWSU.S. President Joe Biden on Aug. 9 issued an executive order that tasks the Treasury Department with forming an outbound investment screening program. In response to the executive order the Treasury Department issued an Advanced Notice of Proposed Rulemaking seeking comment on the program.

Persons: Joe Biden, Jonathan Ernst, Janet Yellen’s, Antony Currie, Katrina Hamlin Organizations: Auburn Manufacturing, REUTERS, Reuters, Washington, Wednesday, Biden, Regulators, Treasury, Department, Treasury Department, Thomson Locations: U.S, Auburn , Maine, WASHINGTON, China, Washington

☆ China is telling economists not to talk about deflation or faltering growth, report says
▼ + stars: | 2023-08-07 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Beijing is telling economists not to talk about deflation or falling foreign investment, per the FT.Policymakers are mulling how to revive growth but yet to announce a "big bang" stimulus package. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Loading Something is loading. Economists, brokerage analysts, and researchers all told the publication that regulators, their employers, or local media had warned them not to talk about deflation, slumping foreign investment, and faltering growth, the newspaper reported. In July alone, second-quarter growth came in well below economists' expectations, consumer price inflation fell to 0%, and youth unemployment skyrocketed to 21%.

Persons: Xi, – Organizations: Service, Financial Times, Authorities Locations: Beijing, Wall, Silicon, China

☆ Ahead of two key inflation reports, what would a soft landing look like exactly?
▼ + stars: | 2023-08-06 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

But aside from simply skirting a recession, it’s not obvious what the economy would look like in a soft landing. And who even declares that the Fed has officially defied the odds and achieved a soft landing? The main aspect of a soft landing, according to economists, is the absence of a recession, which is determined by the National Bureau of Economic Research (NBER.) In a soft landing, the job market has to remain intact. The other key feature of a soft landing is for the Fed to successfully control inflation, but that’s open to some interpretation.

Persons: we’ve, ”, Kayla Bruun, “, Julia Pollak, ” Pollak, Josh Markman, cooldown, Austan Goolsbee, ” Goolsbee, Raphael Bostic, Michelle Bowman, Patrick Harker, Armour, Ralph Lauren Organizations: CNN Business, Bell, DC CNN, Federal Reserve, Bank of America, Fed, National Bureau of Economic Research, Morning, Atlanta, ZipRecruiter, Labor, Bel Air Investment Advisors, Federal, Federal Reserve Bank of Chicago, Bloomberg, Atlanta Fed, “, Tyson Foods, UPS, Fox, Restaurant Brands, The National Federation of Independent Business, US Commerce Department, China’s National Bureau of Statistics, Disney, US Labor Department, National Statistics, University of Michigan Locations: Washington

☆ Morgan Stanley still likes these Chinese stocks despite a country downgrade
▼ + stars: | 2023-08-06 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Morgan Stanley has decided to take a break, downgrading MSCI China to equal weight while recommending a few consumer and industrial names. The Politburo meeting signaled policy easing, but outstanding issues — of debt, property, jobs and geopolitics — need significant improvement for sustainable inflows, the Morgan Stanley analysts said. Morgan Stanley has so far only changed it once this year: a cut in July to 5%. And despite their downgrade of Chinese stocks, the analysts added two mainland-traded A shares to their focus list. In its latest report, Morgan Stanley analysts also turned overweight on India.

Persons: Morgan Stanley, Laura Wang, Fran Chen, Wood, Warren Buffett, behemoth BlackRock, Biden, Liqian Ren, Ren, Hang Seng, Jack Ma's Alibaba, Morgan Stanley's, Morgan, WisdomTree's Ren doesn't, Ren doesn't, Michael Bloom Organizations: U.S, Chinese Communist Party, China ETF, WisdomTree Trust, Owned Enterprises ETF, Wall, JPMorgan, Baidu, State, Owned Enterprise Fund, Ping An Insurance Locations: China, . U.S, WisdomTree, WisdomTree Trust China, Morgan, Morgan Stanley's China, Hong Kong, India

☆ This couple are driving around the world in a Land Rover together
▼ + stars: | 2023-08-04 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +9 min

“It all started with a road trip in Belgium,” says 29-year-old Chazee, who was born in Thailand. Shared dreamNicolas Chazee and Mathilde Vougny are driving around the world in a Land Rover Defender named Albatross. Epic adventureVoughny, seen in Finland, says that she and Chazee thought their dream road trip was "unachievable" until they began researching it. “People joke that if you have a Land Rover, you’re also going to end up being a mechanic,” says Chazee. Next Meridian ExpeditionAside from the car problems, the couple say that the extreme weather conditions they’ve experienced have been among their biggest challenges so far.

Persons: Nicolas Chazee, Mathilde Vougny, ”, “, we’ve, ’ ”, they’d, Chazee, Vougny, ” Vougny, who’ve, they’ve, They’ve, you’re, I’ve, I’m, ” Chazee, he’s, they’ll, Next Meridian Expedition They’ve Organizations: CNN, Rover, Meridian Expedition, Rover Defender, Next Meridian, YouTube, Central America, “, Next, Next Meridian Expedition Locations: Brussels, Belgium, Thailand, Europe, France, Finland, Luxembourg, Netherlands, Germany, Denmark, Iceland, Sweden, Norway, Halifax, Canada, Alaska, Wyoming , Colorado , Utah, Arizona, California, Mexico, Belize, Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica, Panama, Colombia, Ecuador, Peru, Australia, Chile, “, Central America, USA, Argentina, Antarctica, Asia, Africa

Cenat, who has over 4 million followers on YouTube, over 5 million on Instagram, and 6.5 million on Twitch, said during a Wednesday Twitch stream that he would be hosting a “huge giveaway” Friday at 4 p.m. in Union Square Park. In the stream, he said they would be giving away computers, Play Station 5s, microphones, keyboards, webcams, gaming chairs, headphones and giftcards from a truck in Union Square. The crowds spurred the NYPD to activate a “Level 4” response, its highest level of disaster response. The department earlier announced that they had activated a “Level 2” response to handle the crowds and clear the area. Several police officers were injured in the frenzy and “quite a few” people were arrested as police worked to clear the crowd, Maddrey said.

Persons: influencer Kai Cenat, Cenat, ”, Jeffrey Maddrey, “, Maddrey, Kai Cenat, Alexi J . Rosenfeld, we’re, ” Maddrey, ” Cenat Organizations: CNN, Social, YouTube, “, NYPD, Police Locations: Union, New York City, New York, Manhattan

☆ Ukraine's offensive has a problem: Russia knew what was coming and was given way too much time to figure out how to beat it
▼ + stars: | 2023-08-01 | by ( Chris Panella | ) www.businessinsider.com time to read: +6 min

Ukraine has received various Western tanks, weapons systems, fighting vehicles, and armor. But Russia has often sidelined the assets with trenches, anti-tank mines, and fortified defenses. An expert told Insider the West's piecemeal rollout gave Russia time to adapt to each weapons system. Landmines, booby traps, and trip wires are a favorite Russian tactic, turning Ukraine's environment against Kyiv's own troops. To deal with Ukraine's mine clearers and sappers, Russia has stacked anti-tank mines to destroy de-mining equipment that can only handle so much explosive force.

Persons: George Barros, Thomas Alvarez, Joe Biden, They've, Abrams, Mykhailo Podolyak, Barros, Serhii, we've, Bradley, they're, Viktor Fridshon, Ritzau Scanpix, It's Organizations: Service, Russian, Ukraine, Institute for, M1A2 Abrams Tanks, 116th Cavalry Brigade Combat, Idaho Army National Guard, Orchard Combat Training, Pentagon, Getty, Ukrainian National Guard Locations: Ukraine, Russia, Wall, Silicon, Russian, Moscow, Soviet, Odesa, AFP

☆ Italy just slammed China's trillion-dollar Belt and Road Initiative, saying it was an 'atrocious' decision to join and that it's barely benefited from the deal
▼ + stars: | 2023-07-31 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

He said the pact had multiplied China's exports to Italy, but made little difference to Italy's exports to China, according to a Reuters report Sunday. When Italy pledged to join China's BRI in 2019, it was the largest economy to do so. However, since then, Italy's imports from China have almost doubled, but the European nation's exports to China have barely increased. Italy's exports to China rose to 16.4 billion euros, or $18 billion, in 2022, from 13 billion euros in 2019. On the other hand, China's exports to Italy rose from 31.7 billion euros in 2019 to 57.5 billion euros in 2022, Reuters reported, citing data from Italy's economic observatory.

Persons: Guido Crosetto, Crosetto, —, della Sera, China's, Giorgia Meloni, Meloni Organizations: Initiative, Service, della, Strategic, International Studies, Reuters, Politico, Eurasia Group Locations: Italy, China's, Wall, Silicon, Italian, China, Europe, Asia, Indonesia, Poland, Egypt, Beijing, Washington

☆ Stephanie Grisham says Melania Trump won't be campaigning with her husband like Casey DeSantis: 'She's not going to be throwing on jeans and walking in parades'
▼ + stars: | 2023-07-26 | by ( John L. Dorman | Sonam Sheth | ) www.businessinsider.com time to read: +2 min

Stephanie Grisham said Melania Trump won't be stumping in early-voting states like Casey DeSantis does for her husband and 2024 GOP contender Ron DeSantis. Grisham told The New York Times that Melania Trump won't have the same intensity as Casey DeSantis. "I don't think it's going to be anything like what we've seen with Casey DeSantis," Grisham told the newspaper. Friends, rivals, and colleagues previously told Insider that Casey DeSantis, a former TV journalist, is DeSantis' most effective campaign surrogate and advisor, as she easily engages with conservative crowds in early-voting primary states. Melania Trump has, so far, stayed off the campaign trail.

Persons: Stephanie Grisham, Melania Trump, Casey DeSantis, Ron DeSantis, Grisham, Melania, Donald Trump's, Donald Trump, She's, Barron Organizations: New York Times, Service, White House, Trump, Republican Locations: Wall, Silicon, Florida, Iowa, New Hampshire

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