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Extreme heat fueled destructive rainfall because a warmer atmosphere holds more water vapor, which lets storms release more precipitation. Storm Daniel became Africa’s deadliest storm with an estimated death toll that ranges between 4,000 and 11,000, according to officials and aid agencies. In India, 1.2 billion people, or 86% of the population, experienced at least 30 days of elevated temperatures, made at least three times more likely by climate change. One of every 200 people in Canada evacuated their home due to wildfires, which burn longer and more intensely after long periods of heat dry out the land. On average, Jamaica experienced high temperatures made four times more likely by climate change during the last 12 months, making it the country where climate change was most powerfully at work.

Persons: Storm Daniel Organizations: Storm Locations: Greece, Bulgaria, Turkey, Storm, India, Maui, Canada, North America, Jamaica

☆ Two-thirds of North America could face power shortages this winter -NERC
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +3 min

In its 2023-24 winter outlook, the regulatory authority warned that prolonged, wide-area cold snaps threaten the reliability of bulk power generation and availability of fuel supplies for natural gas-fired generation. "Recent extreme cold weather events have shown that energy delivery disruptions can have devastating consequences for electric and gas consumers in impacted areas," NERC said. It put the U.S. Midwest, Northeast, Mid-Atlantic, and South, along with some Canadian provinces, at the highest risk for electricity supply shortages this winter. NERC also found that load forecasting in winter is growing in complexity, and underestimating demand is a risk to reliability in extreme cold temperatures. Flows of gas into pipelines were reduced during Elliott, while demand for the fuel for heating and power generation increased, dramatically lowering line pressures.

Persons: Greenlee Beal, NERC, John Moura, Storm Elliott, Elliott, Anjana Anil, Scott DiSavino, Leslie Adler, Marguerita Choy Organizations: PIKE Energy, REUTERS, North American Electric Reliability Corp, U.S ., PJM, Reliability Corp, Texas, Federal Energy Regulatory, Storm, Consolidated Edison, Thomson Locations: Texas, San Antonio , Texas, U.S, Canada, U.S . Midwest, Northeast, South, New England, MISO , New York, New York City, Bengaluru, New York

☆ Consumers are still spending, but they're under pressure. These stocks still have room to run
▼ + stars: | 2023-11-06 | by ( Pia Singh | ) www.cnbc.com time to read: +12 min

Persistent inflationary pressures have led to depressed levels of consumer spending all year, according to Bank of America. Consumers are still spending — in fact, they're spending more than they are earning — as employment levels and hourly wage growth remain fairly strong . Some analysts see an opportunity to pick up shares of battered-down retail stocks. According to Barclay's Yih, spending levels "almost have to be worse" next year. LPL's Roach similarly expects consumers spending to hit a roadblock in the coming months.

Persons: bode, Neuberger Berman, Steve Eisman, Jeffrey Roach, Adrienne Yih, Yih, Randy Hare, Ross, Polly Wong, Belardi Wong, James Lewis, Huntington's Hare, Bartlett, Chris Kempczinski, Lewis, …, it's, Anthony Chukumba, Chukumba, Wells, Ike Boruchow, Kathleen Entwistle, Entwistle, LPL's Roach, Morgan Stanley's Entwistle, Barclay's Yih, Roach Organizations: Bank of America, CNBC, Consumers, Barclays, Ross, Huntington National Bank, Bartlett Wealth Management, Walmart, Retailers, Republic, Urban Outfitters, Eagle Outfitters, National, Capital, National Vision, Nike, Ross Stores, Morgan Stanley Private Wealth Management, Investments, Citizens JMP Securities, Delta Air Lines, Deutsche Bank Locations: U.S, Wells Fargo

☆ With threats on the rise, many American Jews are buying guns, seeking training
▼ + stars: | 2023-11-06 | by ( Ashley Williams | Ashley R. Williams | ) edition.cnn.com time to read: +11 min

A rise in American Jewish gun ownership would come as a noticeable shift for a group that is historically liberal and a majority of which are registered Democrats. A 2018 American Jewish Committee poll showed 70% of Jewish respondents thought it was more important to control gun ownership than to protect Americans’ rights to own guns. The US government does not keep official statistics on gun ownership, including demographic information. Research from industry groups like the National Shooting Sports Foundation break down gun ownership by race and gender but not by religious affiliation. The spike in violence and hateful rhetoric has evoked fears within the Jewish community of another Holocaust, according to Daniel.

Persons: – Dani, –, ” Dani, ”, “ Allahu akbar ”, Dani, Gene Petrino, CNN he’s, Petrino, he’s, “ I’m, ” Petrino, “, Mark K, ” Mark, they’ve, I’m, Mark, David, Daniel, it’s, who’s, He’d, ’ ” Daniel, “ What’s, ’, ” Daniel, he’ll, Tzvi Waldman, Waldman, ” Waldman, you’re, ” He’s, David Culver Organizations: CNN, Defamation League, Palestinian, Hamas, “, Jewish, Shooting, Pew Research, Jewish Federations of, Jewish Community Center, New York State Jewish Gun Club Locations: Piru , California, Israel, United States, Southern California, Coral Springs , Florida, Houston, Jewish Federations of North America, ”, Fort Lauderdale , Florida, South Florida, Germany, Los Angeles, Rockland County , New York, Fort Lauderdale

☆ Pipeline operator Enbridge beats profit targets on higher transport volumes
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Chris Helgren/File Photo Acquire Licensing RightsNov 3 (Reuters) - Pipeline operator Enbridge (ENB.TO) on Friday beat third-quarter profit estimates, benefiting from transporting higher volumes of oil and other liquids. Calgary, Alberta-based Enbridge moves about 30% of the crude oil produced in North America, and nearly 20% of the natural gas consumed in the United States. Mainline system transports light and heavy crude oil, natural gas liquids, and refined products from Edmonton, Alberta to various markets in Canada and the U.S. Midwest. In September, the company announced a $14 billion bid for Dominion Energy's (D.N) three utility assets, to create North America's largest gas utility platform. ($1 = 1.3735 Canadian dollars)Reporting by Tanay Dhumal in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Persons: Chris Helgren, Gregory Ebel, Ebel, Tanay, Shinjini Organizations: REUTERS, U.S . Midwest, Quarterly, Dominion, Thomson Locations: Calgary, North, Vancouver , British Columbia, Canada, Ukraine, Calgary , Alberta, North America, United States, Edmonton , Alberta, Enbridge, Bengaluru

☆ Panama Canal drought hits new crisis level with nearly half of vessel traffic targeted for cuts
▼ + stars: | 2023-11-03 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +4 min

PANAMA CITY, PANAMA - SEPTEMBER 22: The container ship Maersk Bogor is guided by a tugboat as it prepares to enter the Miraflores locks while transiting the Panama Canal on September 22, 2023 in Panama City, Panama. The Panama Canal Authority is continuing to restrict the number of vessels that pass through the Panama Canal locks as drought has caused water levels at Gatun Lake to drop. Over one hundred ships are waiting to transit the canal and the backup could delay goods heading to the United States for the holiday season. The Panama Canal is popular for East Coast trade because it is faster than other options. Traveling through the Panama Canal takes only 35 days.

Persons: Justin Sullivan, Adil Ashiq, Alan Baer, Baer, Jon Davis, Davis, Ashiq, Paul Brashier Organizations: PANAMA CITY, The Panama Canal, Port, CNBC Supply Chain, Panama Canal Authority, East, Panama Canal, MarineTraffic, USA, CNBC, U.S, ITS Logistics Locations: PANAMA, Bogor, Miraflores, Panama, Panama City, The Panama, Colon, Caribbean, United States, Cape Horn, South America, East, Charleston, El Nino, East Coast, Shenzhen, China, Miami , Florida, Suez, North America, U.S, West Coast, Asia, Gulf

☆ Starbucks unveils plan to add 17,000 locations by 2030, cut $3 billion in costs
▼ + stars: | 2023-11-02 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

Starbucks on Thursday presented the latest stage in its plan to drive growth for the company, which involves accelerating its global footprint and saving $3 billion in costs over the next three years. The company said it plans to expand to 35,000 locations outside of North America by 2030. In total, the coffee giant aims to reach 55,000 locations globally by 2030, up from its current count of more than 38,000. Starbucks also announced a $3 billion cost-savings plan. The announcement comes after more than 350 Starbucks locations have unionized under Workers United, according to National Labor Relations Board data.

Persons: Michael Conway Organizations: Starbucks, Workers United, National Labor Relations Board, NLRB Locations: North America

Instead this year’s ozone hole was about average size for the last 20 years, even a bit smaller than 2022’s, according to NASA and the National Oceanic and Atmospheric Administration. From September to mid October, the ozone hole this year averaged 8.9 million square miles (23.1 million square kilometers), which is the 16th largest since satellites started tracking in 1979. It peaked this year at 10 million square miles (26 million square kilometers), about the size of North America. The ozone hole and thinning ozone layer has improved a bit thanks to the 1987 Montreal Protocol, when countries in the world agreed to stop producing many of the chemicals that deplete ozone, Newman said. The ozone hole was at its biggest in 2000 at nearly 11.6 million square miles (29.9 million square kilometers), according to NASA data.

Persons: ”, Paul Newman, ” Newman, Newman, “, Seth Borenstein Organizations: NASA, National Oceanic, Atmospheric Administration, Goddard Flight, Twitter, AP Locations: North America, South America, Tonga, Montreal

☆ Scientists predicted Earth's ozone hole would balloon in size this year, but now admit their calculations were wildly off the mark
▼ + stars: | 2023-11-01 | by ( Seth Borenstein | Associated Press | ) www.businessinsider.com time to read: +3 min

Scientists predicted that we'd see a huge ozone hole over the Antarctic in 2023. From September to mid-October, the ozone hole this year averaged 8.9 million square miles (23.1 million square kilometers), which is the 16th largest since satellites started tracking in 1979. It peaked this year at 10 million square miles (26 million square kilometers), about the size of North America. The ozone hole and thinning ozone layer has improved a bit thanks to the 1987 Montreal Protocol, when countries in the world agreed to stop producing many of the chemicals that deplete ozone, Newman said. The ozone hole was at its biggest in 2000 at nearly 11.6 million square miles (29.9 million square kilometers), according to NASA data.

Persons: —, Paul Newman, Newman, NASA Goddard Organizations: Service, NASA, National Oceanic, Atmospheric Administration, Goddard Flight, YouTube Locations: Tonga, North America, South America, Montreal

☆ US daylight saving time: When is it and why was it created?
▼ + stars: | 2023-10-31 | by ( Josie Kao | ) www.reuters.com time to read: +5 min

Daylight saving time is the practice of moving clocks forward by one hour during summer months so daylight lasts longer into the evening. WHY WAS DAYLIGHT SAVING CREATED IN THE US AND HOW DID IT START? No, Hawaii and Arizona, with the exception of Navajo Nation, do not observe daylight saving time. While daylight saving time is widespread across the United States, 19 states have passed legislation to permanently use daylight saving time if Congress were to allow it, according to the National Conference of State Legislatures. The U.S. is not ending daylight saving any time soon, though there is an effort in the federal government to pass the so-called Sunshine Protection Act, which would make daylight saving time permanent.

Persons: Mike Segar, George Hudson, Frank Pallone, Joe Biden, Josie Kao, Lisa Shumaker Organizations: REUTERS, North, Daylight, European Union, New, Congressional Research Service, Virgin, National Conference of State Legislatures, Protection, U.S . House, Commerce, Science, Transportation, Thomson Locations: Manhattan, New York, U.S, United States, Canada, Cuba, North America, Europe, Egypt, Japan, New Zealand, Germany, Hawaii, Arizona, Navajo, American Samoa, Guam, Northern Mariana Islands , Puerto Rico

☆ Hwang In-tae: The South Korean referee making history officiating in the NBA
▼ + stars: | 2023-10-31 | by ( Ben Morse | Gawon Bae | ) edition.cnn.com time to read: +8 min

But Hwang In-tae, who is the first Asian staff referee in the NBA, wouldn’t have it any other way. Stephen Gosling/NBAE/Getty ImagesRoute to the topJust like unearthing a future NBA or WNBA star, there is a scouting group to find potential standout NBA referees. Hwang (right) and Shin (middle) before a game at the 2014 Incheon Asian Games with fellow FIBA referee Kim Cheong-soo (left). Courtesy Shin Gi-rokAnd Shin believes that Hwang’s rise will prove to be motivation for others in similar positions to him. “There are few new referees at the Korea Basketball Association right now saying that their goal is to become an NBA referee.

Persons: CNN — You’ve, Hwang, Shin Gi, ” Shin, Shin, ”, “, It’s, Hwang officiates, Stephen Gosling, nbaofficials.com, He’s, ” Hwang, Star Charles Barkley, ” Barkley, CNN’s Chris Wallace, They’re, Both Hwang, Kim Cheong Organizations: CNN, NBA, rok, Busan University of Foreign Studies, CNN Sport, America, Connecticut Sun, Washington Mystics, Korean Basketball League, Olympics, Summer, FIBA, International Basketball Federation, G League, G, WNBA, Washington Post, Star, “, Korean Basketball Association, Incheon, Games, Korea Basketball Association Locations: South Korea, Shin, North America, Spain, Incheon, Masan

☆ Big Tech said return to the office. She had another solution
▼ + stars: | 2023-10-24 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +10 min

New York CNN —Big Tech has given workers an ultimatum: Come back to the office, or find a new job. However, the program risked letting all employees work from home or any other remote location. Intentional office gatheringsAhead of instituting Flex Forward, Autodesk was “rethinking our office footprint,” Blum said. For instance, Autodesk closed its San Rafael, California, office; consolidated it with the San Francisco headquarters; and started subleasing some of its office space. But, increasingly, the talent acquisition team is seeing more candidates apply for openings because they view Autodesk as “that remote company,” Pearce added.

Persons: Elon Musk, Mark Zuckerberg, Rebecca Pearce, Pearce, “ I’m, ” Pearce, ”, Steve Blum, Autodesk’s, it’s, ” Musk, Jamie Dimon, Michael Nagle, —, “, doesn’t, Andy Jassy, Jassy, don’t, ’ ”, ” Blum, Blum Organizations: New, New York CNN, Big Tech, Autodesk, Flex, CNN, Autodesk Inc, ”, Meta, JPMorgan, Bloomberg, Getty, ” Autodesk, La Nacion, “, San, Employees Locations: New York, Cornwall, England, North America, Autodesk’s Portland , Oregon, Portland , Oregon, La, Rafael , California, San Francisco, cubicles, Autodesk's Portland , Oregon

☆ Texas Gov. Greg Abbott is giving schools supplemental material to combat 'misinformation and prejudice' about the Israel-Hamas war
▼ + stars: | 2023-10-22 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +4 min

Greg Abbott announced he will give schools material to combat prejudice against Jews. It's too early to tell if hate crimes against Jewish and Muslim people have risen, but hate crimes did increase in the US last year. Greg Abbott is encouraging schools to use curriculum resources from the state about the war between Israel and Hamas. In retaliation, Israel declared a state of war against Hamas and has carried out air strikes that have killed more than 3,000 Palestinians. It's too early to tell if hate crimes against Jewish and Muslim people have risen since the outbreak of war, but hate crimes did generally increase in the United States last year, the outlet reported.

Persons: Greg Abbott, It's, —, Abbott, Jonathan Greenblatt Organizations: Texas Gov, Jewish, Service, Hamas, Defamation League, Sense Media, Associated Press, of Locations: Israel, Texas, Palestine, Gaza, Illinois, United States, of North America

☆ Morning Bid: Bonds haunted by uncertainties old and new
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +3 min

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsA look at the day ahead in European and global markets from Tom WestbrookIt's looking like the worst week of another bad year for bonds. Curiously, the dollar hasn't moved higher with the latest leap in yields, perhaps because currency traders see recession in the offing. Fed Chair Jerome Powell said little that markets didn't already know on Thursday, but in keeping his options open he kept the pressure on bonds. "A range of uncertainties, both old and new, complicate our task of balancing the risk of tightening monetary policy too much against the risk of tightening too little," he said.

Persons: Brendan McDermid, Tom Westbrook It's, Brent Donnelly, Jerome Powell, Joe Biden, Israel, Fed's Mester, Harker, Tom Westbrook, Edmund Klamann Organizations: New York Stock Exchange, REUTERS, Spectra Markets, MSCI's, Bank of Japan, North America ., Thomson Locations: New York City, U.S, New York, MSCI's Asia, Japan, Gaza, China, London, North America

☆ Orionid meteor shower: Keep an eye out for meteors in the sky this weekend
▼ + stars: | 2023-10-20 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +4 min

CNN —If you are looking for a spectacular show this weekend, look up to find the Orionid meteor shower shining bright through Saturday and Sunday night. This weekend, the moon will be in its first quarter phase and will set near midnight, according to the American Meteor Society. If possible, it is ideal to get away from light pollution and find a spot with a clear view of the dark sky, King said. In early May, Earth passes through a different section of Halley’s orbit trail, resulting in the meteor shower known as the Eta Aquariids. From 2006 to 2009, the Orionids saw anywhere between 50 to 75 meteors per hour, according to the American Meteor Society.

Persons: Ashley King, King, “, ”, Comet Halley, ” King, Leonids, Geminids, Ursids Organizations: CNN, American Meteor Society, NASA, Farmers Locations: —, London, North, Central, South America, Europe, Asia, Australia, North America, South Africa, Earth’s

☆ Snapchat isn’t just for teens anymore. Now it needs to make some real money
▼ + stars: | 2023-10-19 | by ( Clare Duffy | ) edition.cnn.com time to read: +10 min

New York CNN —When Snapchat announced last month that it had reached 5 million paying subscribers for its Snapchat+ service, it seemed like a stunning achievement. At 5 million subscribers paying $3.99 per month, Snapchat+ is set to earn around $239 million in annual revenue. That subscriber number is just a fraction of its overall user base of Snapchat, which has quietly become one of the world’s fastest-growing social platforms. The sales declines come as Snapchat, like other platforms, works to update its advertising business to cope with changes to Apple’s app tracking policies. Snapchat has grown its user base by more than 10% year-over-year for the past 16 consecutive quarters.

Persons: Snapchat, Evan Spiegel, it’s, ” Jack Brody, ”, Angelo Zino, Jess Maddox, TikTok Snapchat, ” Brody, you’ve, TikTok, CFRA’s Zino, Scott Kessler, ” Snapchat, Kessler, Brody, Spiegel, “ It’s Organizations: New, New York CNN, Twitter, Facebook, CNN, “, CFRA Research, University of Alabama, YouTube, Intelligence, Meta, Apple Locations: New York, North America, United States, India, Europe, TikTok, Instagram

☆ Meta, Apple and Google cheer FCC ruling that could pave the way for new AR and VR applications
▼ + stars: | 2023-10-19 | by ( Lauren Feiner | ) www.cnbc.com time to read: +3 min

An attendee uses a Meta Platforms Inc. Quest 3 virtual reality (VR) headset during an event in San Francisco, California, US, on Sept. 18, 2023. The agency unanimously voted to open the 6 GHz band to what what they call "a new class of very low power devices," like wearable technology. The company sees the opening of the 6 GHz band as an important step in its vision for its smart glasses. "The 6 GHz band has become critical for the future of wireless connectivity," Google 's hardware group, Pixel, said in a post on X (formerly Twitter). Apple similarly called the FCC vote "a positive step forward," in a statement on Thursday.

Persons: Meta, Kevin Martin Organizations: Inc, Federal Communications Commission, FCC, Apple, Broadcom, Meta, Google, CNBC, YouTube Locations: San Francisco , California, North America

[1/2] SAG-AFTRA members walk the picket line during their ongoing strike outside Sony Studios in Culver City, California, U.S. September 29, 2023. REUTERS/Mario Anzuoni/File Photo Acquire Licensing RightsLOS ANGELES, Oct 17 (Reuters) - Santa Claus will not be coming to Hollywood this year. The strike, which has entered its 14th week, is scrambling next year’s film slate and delaying the return of primetime television comedies and dramas. Some have sold rights to film and television libraries to keep the lights on, one buyer told Reuters. Some major studio films scheduled for next year could slip into 2025 if the work stoppage continues, according to the studio executive, raising concern that audiences will get out of the habit of going to theaters.

Persons: Mario Anzuoni, Santa Claus, “, ”, Farrelly, Satan, Bob Marley, Guy Ritchie’s, Jake Gyllenhaal, Henry Cavill, Doug Creutz, Dawn Chmielewski, Lisa Richwine, Ken Li, Rod Nickel Organizations: Sony Studios, REUTERS, Reuters, Media, Warner Bros ., Television, CSI, CBS, Thomson Locations: Culver City , California, U.S, Santa, Hollywood, North America, Spain, Los Angeles

SEOUL (AP) — Jessica Pegula beat Yuan Yue 6-2, 6-3 in the final of the Korea Open on Sunday for the fourth title of her career. The top-seeded Pegula dropped only one set through the tournament and becomes the first American since Venus Williams in 2007 to win the title in Seoul. “My mom is Korean and she was adopted from here so it’s really special to be able to win here,” Pegula said. So it’s really special.”Playing in her first career final, 128th-ranked Yuan showed no signs of nerves and earned a break point in Pegula's opening service game, which the American saved with a forehand winner. 4-ranked player then won eight consecutive games to take the first set and build a 3-0 lead in the second as a quick victory looked likely.

Persons: — Jessica Pegula, Yuan Yue, Pegula, Venus Williams, “, ” Pegula, I’ve, it’s, Yuan, ___ Organizations: Korea Locations: SEOUL, Seoul, Montreal, North America

On Saturday, the sheer magnitude of the ancient Hopewell culture's reach was lifted up as enticement to a new set of visitors from around the world. Four other sites within the historical park — Hopewell Mound Group, Seip Earthworks, Highbank Park Earthworks and Hopeton Earthworks — join Fort Ancient Earthworks & Nature Preserve in Oregonia and Great Circle Earthworks in Heath to comprise the network. “Now is the time, and to have our traditional, our ancestral sites acknowledged on a world scale is phenomenal,” she said. “We need it culturally, we need it economically, we need it socially," she said. You can't take this away, and so, therefore, it draws us all together in a very unique way,” she said.

Persons: Glenna Wallace, ” Wallace, Bruce Lombardo, Julius Caesar, Mike DeWine, ” Nita Battise, ”, “, ” Kathy Hoagland, ” Hoagland, Chuck Sams Organizations: UNESCO, Heritage, Republican Ohio Gov, Park Service Locations: CHILLICOTHE , Ohio, North, Ohio, Shawnee, Oklahoma, Hopewell, North America, Chillicothe, ”, Columbus, Machu Picchu, China, Mound City, Scioto, ., Fort, Oregonia, Heath, Ross County, United States, Alabama, Texas, Frankfort , Ohio, American, America

☆ What to know about Saturday's 'ring of fire' solar eclipse
▼ + stars: | 2023-10-13 | by ( Will Dunham | ) www.reuters.com time to read: +4 min

People take photos with their smartphones as they monitor the annular solar eclipse on Jabal Arba (Four Mountains) in Hofuf, in the Eastern Province of Saudi Arabia, December 26, 2019. WHAT IS AN ANNULAR SOLAR ECLIPSE? The one that will occur on Saturday is a type called an "annular solar eclipse." It does not completely obscure the face of the sun, unlike in a total solar eclipse. They advise using safe solar viewing glasses or a safe handheld solar viewer at all times during an annular solar eclipse, noting that regular sunglasses are not safe for viewing the sun.

Persons: Hamad I Mohammed, Will Dunham, Rosalba O'Brien Organizations: REUTERS, Rights, NASA, Thomson Locations: Arba, Hofuf, Eastern Province of Saudi Arabia, Americas, United States, Mexico, Central America, South America, Canada, Oregon, California , Nevada , Utah , Arizona, New Mexico, Texas, Guatemala, Belize, Honduras, Nicaragua, Panama, Colombia, Brazil, North America

☆ Capitalize on once-in-a-generation opportunities in the bond market by making these 5 moves now, according to 6 leading fixed income strategists
▼ + stars: | 2023-10-10 | by ( James Faris | ) www.businessinsider.com time to read: +11 min

Yahoo FinanceHowever, six leading fixed income investors are confident that the pain won't last much longer. Michele continued: "I've been doing this since 1981, so I've seen a decade of double-digit bond yields with disinflation. Alex Petrone, the director of fixed income at Rockefeller Asset Management, agreed that it's too soon to write off a recession. Nailing timing helps maximize returns, though fixed income experts said that's difficult because the Fed's policy decisions are unpredictable. Buying Treasuries and municipal coupons on both the long and short ends of the curve are how she recommends playing fixed income.

Persons: Jonathan Mondillo, you've, Bob Michele, Michele, I've, we'll, Federal Reserve —, Robert Robis, Robis, Alex Petrone, it's, Petrone, Mary Daly, David Schiffman, Roger Aliaga, Diaz, Aliaga, Mondillo, Schiffman Organizations: Yahoo Finance, JPMorgan Asset Management, isn't, Federal Reserve, BCA Research, Rockefeller Asset Management, Fed, San Francisco Fed, Aquila Investment Management, Vanguard's Investment, Investment Locations: Scotland, bottoming, Abrdn, Aquila, Treasuries, CCC

☆ UAW workers strike Mack Trucks after rejecting contract
▼ + stars: | 2023-10-09 | by ( David Shepardson | ) www.reuters.com time to read: +5 min

REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsOct 9 (Reuters) - Union workers at Volvo Group (VOLVb.ST)-owned Mack Trucks went on strike on Monday after overwhelmingly rejecting a proposed five-year contract, the United Auto Workers said, the latest tentative labor agreement to be voted down. In online forums, some Mack workers complained the raise was too small to keep up with inflation. Canadian workers at GM also face a contract talk deadline at midnight on Monday that could lead to another strike. Mack President Roy said the company "clearly demonstrated our commitment to good-faith bargaining by arriving at a tentative agreement that was endorsed by both the International UAW and the UAW Mack Truck Council." "UAW members and workers across the economy are mobilizing to demand their fair share," the UAW said in a letter to Mack.

Persons: Rebecca Cook, Mack Trucks, Detroit's, Mack, Shawn Fain, Stephen Roy, GM's, Mack President Roy, Roy, Fain, Ford, David Shepardson, Abhijith, Arun Koyyur, Matthew Lewis, David Gregorio Our Organizations: United Auto Workers, Sterling Heights Assembly, REUTERS, Volvo Group, UAW, Detroit's Big, Unions, FedEx, Detroit Three, General Motors, Ford Motor, Chrysler, GM, Ford, International UAW, UAW Mack Truck Council, Volvo, Detroit, Deutsche Bank, Anderson Economic, Thomson Locations: Sterling Heights, Sterling Heights , Michigan, U.S, Pennsylvania, Florida, Maryland, North, Washington, Bengaluru

☆ UAW workers reject Mack Trucks contract, go on strike
▼ + stars: | 2023-10-09 | by ( David Shepardson | ) www.reuters.com time to read: +4 min

A United Auto Workers union member holds a sign outside Stellantis Sterling Heights Assembly Plant, to mark the beginning of contract negotiations in Sterling Heights, Michigan, U.S. July 12, 2023. About 73% of workers - covering 4,000 workers in Pennsylvania, Florida and Maryland - voted against the deal, the UAW said. After Mack workers voted down the deal, the UAW sent a strike notice to the company saying "many topics" remain at issue, including wage increases, cost-of-living allowance, job security and wage progression. "We clearly demonstrated our commitment to good faith bargaining by arriving at a tentative agreement that was endorsed by both the International UAW and the UAW Mack Truck Council," Roy said. "UAW members and workers across the economy are mobilizing to demand their fair share," the UAW said in a letter to Mack.

Persons: Rebecca Cook, Mack Trucks, Mack, Shawn Fain, Stephen Roy, Roy, Fain, Ford, David Shepardson, Abhijith Ganapavaram, Jacqueline Wong, Jamie Freed, Michael Perry, Arun Koyyur Organizations: United Auto Workers, Sterling Heights Assembly, REUTERS, Volvo Group, UAW, Unions, FedEx, Detroit Three, General Motors, Ford, Chrysler, International UAW, UAW Mack Truck Council, Volvo, Detroit, Kaiser Permanente, U.S, Thomson Locations: Sterling Heights, Sterling Heights , Michigan, U.S, Pennsylvania, Florida, Maryland, North, United States

☆ UAW workers reject Mack Trucks contract, will strike
▼ + stars: | 2023-10-09 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

A United Auto Workers union member holds a sign outside Stellantis Sterling Heights Assembly Plant, to mark the beginning of contract negotiations in Sterling Heights, Michigan, U.S. July 12, 2023. About 73% of workers voted against the deal covering 4,000 workers in Pennsylvania, Florida and Maryland, the UAW said. The proposed Mack deal had included a 19% pay hike, a $3,500 ratification bonus, improved retirement benefits, additional vacation for some employees and a reduction in the time needed to get to top pay. "We clearly demonstrated our commitment to good faith bargaining by arriving at a tentative agreement that was endorsed by both the International UAW and the UAW Mack Truck Council," Roy said. "As you are aware, UAW members and workers across the economy are mobilizing to demand their fair share," the UAW said in a letter to Mack.

Persons: Rebecca Cook, Mack Trucks, Mack, Shawn Fain, Stephen Roy, Roy, Fain, Ford, David Shepardson, Jacqueline Wong, Jamie Freed, Michael Perry Organizations: United Auto Workers, Sterling Heights Assembly, REUTERS, Volvo Group, UAW, Unions, FedEx, Detroit Three, General Motors, Ford, Chrysler, International UAW, UAW Mack Truck Council, Volvo, Detroit, Kaiser Permanente, Thomson Locations: Sterling Heights, Sterling Heights , Michigan, U.S, Pennsylvania, Florida, Maryland, North, United States

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