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☆ China Shut the Door on Two Online Brokers. Then Their Stock Prices Boomed.
▼ + stars: | 2023-10-24 | by ( Elaine Yu | ) www.wsj.com time to read: 1 min

An advert for online brokerage Futu in Hong Kong. The company’s shares have risen more than 40% this year. Photo: BUDRUL CHUKRUT/SIPA PRESS/ASSOCIATED PRESSWhen a Chinese regulator blocked investors from opening accounts with online brokers Futu and Up Fintech, it dealt a blow to the pair, which had for years seen mainland China as a key source of growth. So why have the U.S.-listed stocks of the two companies surged since then?

Persons: BUDRUL Locations: Hong Kong, China, U.S

☆ The Corporate Retreat From Hong Kong Is Accelerating
▼ + stars: | 2023-10-24 | by ( Elaine Yu | ) www.wsj.com time to read: 1 min

International companies began trickling out of Hong Kong a few years back, uneasy about the financial hub’s tightening ties to mainland China. That first smattering of departures is now turning into a broad retreat involving banks, investment firms and technology companies. The number of U.S. companies operating in the city has fallen for four years in a row, by Hong Kong’s count, hitting 1,258 in June 2022, the fewest since 2004. Last year, mainland Chinese companies with regional headquarters in Hong Kong outnumbered American ones for the first time in at least three decades.

Persons: Hong Kong’s Locations: Hong Kong, China

☆ What is the Student Aid Report?
▼ + stars: | 2023-10-24 | by ( Aly J. Yale | Richard Richtmyer | ) www.businessinsider.com time to read: +14 min

The Student Aid Report summarizes the information on your Free Application for Federal Student Aid (FAFSA). See Insider's picks for the best private student loans >>What is the Student Aid Report (SAR)? The Student Aid Report is a document that, through the 2023-2024 school year, was used to summarize the data submitted on a Free Application for Federal Student Aid (FAFSA). Federal student aid eligibilityYour summary will also include your Student Aid Index — formerly called the Expected Family Contribution. Schools and aid offersThe schools you apply to don't actually receive your FAFSA Submission Summary (formerly Student Aid Report).

Persons: —, Shannon Vasconcelos, Robert Kersey, you'll, Kersey, Vasconcelos, Perkins, Pell Grant, Elaine Rubin, You'll Organizations: Federal Student Aid, Service, Bright Horizons, Grants, What's, College of Charleston, Education, Department, Department of Federal Student Aid, Internal Revenue Service, SAR Locations: FAFSA.gov

☆ Thawing U.S.-Venezuela Relations Raise Hope for Prisoner Releases
▼ + stars: | 2023-10-22 | by ( Ryan Dubé | Kejal Vyas | ) www.wsj.com time to read: 1 min

Pedro Martínez gets on his knees and prays for the release of his son. Photo: Rod Lamkey/Zuma PressThirteen months ago, on the day she celebrated her retirement, Elaine Cristella received a text message with a mug shot of her son and the news that the former Florida resident had been jailed in Venezuela. Security forces arrested her son, Joseph Cristella, in September last year at a bus stop shortly after he had crossed into Venezuela from Colombia to visit his fiancée, a Venezuelan. The charge: conspiracy against the Venezuelan state, his mother said.

Persons: Pedro Martínez, Rod Lamkey, Elaine Cristella, Joseph Cristella Organizations: Zuma, Security, Venezuelan Locations: Florida, Venezuela, Colombia, Venezuelan

[1/2] Graphite powder, used for battery paste, is pictured in a Volkswagen pilot line for battery cell production in Salzgitter, Germany, May 18, 2022. REUTERS/Fabian Bimmer/File Photo Acquire Licensing RightsOct 20 (Reuters) - As China moved to control some exports of key battery mineral graphite on Friday, miners elsewhere face a race against time to bring new projects to fruition to secure supplies for the next generation of electric vehicles. To stay ahead in a fast-changing industry, carmakers have been investing directly in mining projects to ensure future supplies of the battery inputs. "We see China's move as a potential catalyst to highlight the urgency of improving domestic graphite supply," said John DeMaio, president of Graphex's graphene division. "We've aligned ourselves with several graphite miners outside of China.

Persons: Fabian Bimmer, Hugues Jacquemin, China's, John DeMaio, DeMaio, Stefan Bernstein, Graphite's Jacquemin, Shishir Poddar, Nelson Banya, Clara Denina, Divya Rajagopal, Ernest Scheyder, Veronica Brown, Elaine Hardcastle Organizations: Volkswagen, REUTERS, Graphex, HK, EV, GreenRoc, Thomson Locations: Salzgitter, Germany, China, Warren , Michigan, Greenland, Northern, Tirupati, Madagascar, Mozambique

☆ Morning Bid: Bond squeeze abates as Middle East war in focus
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +5 min

A street sign for Wall Street hangs in front of the New York Stock Exchange May 8, 2013. Dallas Fed cheif Lorie Logan added overnight that recent data and bond yield moves gave the central bank space. Reactions in the market were curious, however, with implied Fed policy rates in the futures market and two-year Treasury yields easing back even as 10-year yields chomped at the 5% bit. The resulting further disinversion of the yield curve to show the gap between two and 10-year yields at its lowest in a year is some testament to that. But with another nervous weekend around the Israel-Gaza war ahead, when markets are closed or illiquid, Friday trading has shifted the focus back to short-term safety hedges.

Persons: Lucas Jackson, Mike Dolan, Jerome Powell's, Powell, Lorie Logan, Huntington, Loretta Mester, Patrick Harker, Joe Biden, Charles Michel, Ursula von der Leyen, Elaine Hardcastle Organizations: New York Stock Exchange, REUTERS, Treasury, Atlanta Federal, Dallas Fed, Bank of Japan, L'Oreal, American Express, Interpublic, Schlumberger, Cleveland Federal, Philadelphia Fed, European Council, European Commission Reuters Graphics Reuters Graphics, Reuters Graphics Reuters, Thomson, Reuters Locations: U.S, Israel, Gaza, Europe, China, Comerica, Huntington Bancshares, Washington

☆ Merck KGaA raises prospect of return to sales growth next year
▼ + stars: | 2023-10-19 | by ( Ludwig Burger | ) www.reuters.com time to read: +3 min

A logo of drugs and chemicals group Merck KGaA is pictured in Darmstadt, Germany January 28, 2016. The market for semiconductor materials sold by the company's Electronics division, should "recover incrementally in 2024", Merck added. The company reaffirmed that sales would be broadly flat this year, at between 20.5 billion euros ($21.6 billion) and 21.9 billion euros, compared with 22.2 billion last year. The outlook for adjusted core earnings of 5.8 billion to 6.4 billion euros this year, down from 6.85 billion in 2022, was also confirmed. Higher interest rates have dampened investor appetite for risky biotech drug ventures, compounding a decline in coronavirus-related activities.

Persons: Ralph Orlowski, Belen Garijo, Morgan, Merck, JP Morgan, Garijo, Ludwig Burger, Rachel More, Elaine Hardcastle Organizations: Merck, REUTERS, company's Electronics, Lonza, Reuters, Thomson Locations: Darmstadt, Germany, FRANKFURT, coronavirus, Swiss

☆ Roche's Q3 sales down 3% on currency headwinds, drop in COVID sales
▼ + stars: | 2023-10-19 | by ( Ludwig Burger | ) www.reuters.com time to read: +2 min

Quarterly sales came in at 14.3 billion Swiss francs ($15.9 billion), the Swiss drugs and diagnostics maker said in a statement, broadly in line with analyst estimates. A high-dose version of Eylea for less frequent injections won U.S. approval in August, creating doubt among analysts that a string of forecast-beating Vabysmo sales can continue. CEO Thomas Schinecker - who is keen to restore Roche's drug development record - said he was looking to acquire drug assets in all stages of development but that there was no rush. He pointed to 10% sales growth during the quarter, excluding currency headwinds and the slump in COVID sales. However, it predicted a less pronounced decline in sales of COVID-19 products of about 4.5 billion Swiss francs, from a previous estimate of a drop of 5 billion francs.

Persons: drugmaker Roche, Arnd, Roche, Regeneron, Thomas Schinecker, Schinecker, Ludwig Burger, Friederike Heine, Elaine Hardcastle Organizations: REUTERS, Bayer, Thomson Locations: Basel, Switzerland, COVID, Swiss

☆ Oil spikes as Middle East strife heightens supply concerns
▼ + stars: | 2023-10-18 | by ( Natalie Grover | ) www.reuters.com time to read: +4 min

Crude oil storage tanks are seen from above at the Cushing oil hub, appearing to run out of space to contain a historic supply glut that has hammered prices, in Cushing, Oklahoma, March 24, 2016. Brent crude futures were up $1.33, or about 1.5%, to $91.23 a barrel at 1231 GMT. West Texas Intermediate crude (WTI) futures were up $1.28, or roughly 1.5%, at $87.94 a barrel. "This turn of diplomatic fortunes again garners fear of conflict spread and therefore the leap in oil," said John Evans of oil broker PVM. Elsewhere in the Saudi city of Jeddah, Iranian Foreign Minister Hossein Amirabdollahian urged members of the Organisation of Islamic Cooperation to impose an oil embargo on Israel.

Persons: Nick Oxford, Brent, Jordan, Biden, Joe Biden, John Evans, Hossein Amirabdollahian, Vivek Dhar, Harry Murphy Cruise, Natalie Grover, Arathy, Muyu Xu, Lincoln, Jason Neely, Elaine Hardcastle, Louise Heavens Organizations: REUTERS, Brent, West Texas, U.S, Hamas, Iranian, of Islamic Cooperation, Reuters, Israel Hamas, Commonwealth Bank of Australia, American Petroleum Institute, Golden, Thomson Locations: Cushing , Oklahoma, Iran, Israel, OPEC, U.S, Gaza, Gaza City, Saudi, Jeddah

Printed TikTok logos are seen in this illustration taken February 15, 2022. Breton's warning in a letter to Chew, first seen by Reuters, follows similar letters to X, formerly Twitter, owner Elon Musk and Meta Platforms' Mark Zuckerberg earlier this week. Breton subsequently posted the letter on social media platform Bluesky. Breton said in the letter to TikTok, owned by Chinese conglomerate ByteDance, that he had indications that it was being used to disseminate illegal content and disinformation in the EU after the Hamas attacks. The EU industry commissioner said rules on content moderation were clear in the EU Digital Services Act (DSA) and spelt out certain obligations in his letter.

Persons: Dado Ruvic, Thierry Breton, Frenchman, Shou Zi Chew, Chew, Elon Musk, Mark Zuckerberg, Breton, Linda Yaccarino, Foo Yun Chee, Philip Blenkinsop, Jane Merriman, Elaine Hardcastle, Jan Harvey Organizations: REUTERS, Rights, Digital Services, DSA, Reuters, EU, EU Digital Services, Thomson Locations: Rights BRUSSELS, Israel

☆ Apollo to take Wagamama owner Restaurant Group private for $623 mln
▼ + stars: | 2023-10-12 | by ( Eva Mathews | ) www.reuters.com time to read: +2 min

A sign of Wagamama restaurant is seen in London, Britain, October 5, 2020. Under the terms of the deal announced on Thursday, The Restaurant Group's (TRG) shareholders will get 65 pence in cash for each share held, a premium of about 34% to the stock's last closing price. Shares in the small cap constituent (.FTSC) jumped 37.1% to 66.5 pence, its highest percentage gain since April 2020. There has also been pressure from shareholders and activist investors Irenic Capital and Oasis Management in recent months to change management and improve profitability. Another analyst at Shore Capital said the offer price was "too low" given the company's efforts to improve margins and reduce leverage.

Persons: Hannah McKay, Ken Hanna, Benny's, Eva Mathews, Subhranshu Sahu, Elaine Hardcastle, Miral Organizations: REUTERS, Apollo, Irenic Capital, Oasis Management, Cafe, Shore Capital, Thomson Locations: London, Britain, TRG, Cafe Rouge, Bengaluru

☆ Strained France-Germany ties slow EU decision making
▼ + stars: | 2023-10-09 | by ( Michel Rose | ) www.reuters.com time to read: +6 min

From joint defence programmes to nuclear energy or relations with China, Paris and Berlin are at odds over a growing number of issues. In an August speech Macron made his frustration public, calling Germany's position on nuclear energy "a historic mistake". Germany decided to phase out nuclear energy after Japan's Fukushima disaster in 2011, closing its last reactors in April. It is unclear if France and Germany can hash out a deal in Hamburg ahead of a crucial EU energy meeting on Oct. 17, but analysts are doubtful. Although the concept was criticised for having failed with Russia, German officials believe trade ties with a country like China could prevent conflict.

Persons: Emmanuel Macron, Olaf Scholz, Sarah Meyssonnier, Macron, Detlef Seif, Marc, Antoine Eyl, Wolfgang Munchau, hasn't, Wandel, Handel, Noah Barkin, Sarah Marsh, Kate Abnett, Michel Rose, Rachel Armstrong, Elaine Hardcastle Organizations: Weimar, REUTERS, German Christian Democratic Union, BASF, Reuters, EDF, Franco, GMF, Thomson Locations: Paris, France, Hamburg, Berlin, China, German, Germany, Ukraine, Europe, EU, Franco, Italian, Russia, Brussels, Beijing

☆ Evergrande's $500 million EV share deal suspended, stock to resume trading
▼ + stars: | 2023-10-08 | by ( ) www.reuters.com time to read: +1 min

The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. The suspension of the share subscription deal was due to "significant uncertainties" tied to the Evergrande group, the filing by the Chinese firm said. Previously, Evergrande said investigations had been initiated against the parent company, its founder and senior executives, while the firm's debt restructuring plan has also been derailed. Trading in shares of the China Evergrande New Energy Vehicle Group, which were suspended on Sept. 28, will resume on Monday, the Sunday filing said. ($1 = 7.8313 Hong Kong dollars)Reporting by Xie Yu;Editing by Elaine HardcastleOur Standards: The Thomson Reuters Trust Principles.

Persons: Aly, Evergrande, Xie Yu, Elaine Hardcastle Organizations: China Evergrande Group, REUTERS, China Evergrande, Energy Vehicle Group, HK, China, Hong Kong bourse, Thomson Locations: China, Shenzhen, Guangdong province, HONG KONG, Hong Kong, Dubai

☆ What is Lebanon's Hezbollah?
▼ + stars: | 2023-10-08 | by ( ) www.reuters.com time to read: +5 min

ORIGINSIran's Revolutionary Guards founded Hezbollah in 1982 to export its Islamic Revolution and fight Israeli forces that had invaded Lebanon. Lebanese parties opposed to Hezbollah say the group has undermined the state and accuse it of unilaterally leading Lebanon into conflicts. Hezbollah fighters took over parts of Beirut after the government vowed to take action against the group's military communications network. Referring to those attacks and hostage-taking, Hezbollah leader Nasrallah said in a 2022 interview they were carried out by small groups not linked to Hezbollah. TERRORIST DESIGNATIONSWestern countries including the United States designate Hezbollah a terrorist organisation.

Persons: Aziz Taher REFILE, Israel, Bashar al, Assad, Sayyed Hassan Nasrallah, Saudi Arabia spiralled, Syria, Rafik al, Hariri, Michel Aoun, Imad Moughniyah, Nasrallah, Tom Perry, Elaine Hardcastle Organizations: REUTERS, Rights, Guards, Islamic, POWER Hezbollah, United, West, Marine, U.S ., European Union, Thomson Locations: Halta, Lebanon, Israel, Rights BEIRUT, Gaza, Iran, Lebanese, United States, Syria, Iraq, Saudi Arabia, Yemen, LEBANON, Beirut, Saudi, U.S, Arab, Argentina, Buenos Aires

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/china-is-becoming-a-no-go-zone-for-executives-626250dd

Persons: Dow Jones

☆ US expels two Russian embassy officials -State Dept
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, Oct 6 (Reuters) - The United States has expelled two Russian embassy officials after Russia earlier expelled two U.S. diplomats from the American embassy in Moscow, the U.S. State Department said on Friday. "In response to the Russian Federation's specious expulsion of two U.S. Embassy Moscow diplomats, the State Department reciprocated by declaring persona non grata two Russian Embassy officials operating in the United States," a State Department spokesman said. "The Department will not tolerate the Russian government's pattern of harassment of our diplomats," the spokesman said, adding that "unacceptable actions against our Embassy personnel in Moscow will have consequences." Russia said on Sept. 14 that it was expelling two U.S. diplomats whom it accused of working with a Russian national charged with collaborating with a foreign state. Relations between Moscow and Washington have plunged to their worst point in more than 60 years because of the war in Ukraine.

Persons: Washington, Simon Lewis, Ismail Shakil, Elaine Monaghan, Susan Heavey, Katharine Jackson, Sandra Maler Organizations: United, U.S . State Department, Embassy, State Department, Relations, Thomson Locations: United States, Russia, Moscow, U.S, Embassy Moscow, Russian, Washington, Ukraine, The U.S

☆ GSK raises $1.1 billion from Haleon stake sale
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsOct 6 (Reuters) - British drugmaker GSK (GSK.L) on Friday said it raised 885.6 million pounds ($1.08 billion) from a discounted stake sale in Haleon (HLN.L), cutting its shareholding to 7.4% in the world's largest standalone consumer healthcare firm. The sale of 270 million shares at 328 pence apiece, represented a discount of about 2.5% to Haleon's last close of 336.25 pence on Thursday. Shares in Haleon were down 1.2% while GSK was marginally up 0.4% at 0800 GMT. Pfizer, which holds a 32% stake in Haleon, said in May it plans to cut its ownership in a "slow and methodical" manner within months. The British drugmaker and Pfizer have agreed to not sell any further Haleon shares for 60 days from the settlement of placing.

Persons: Dado Ruvic, Emma Walmsley, Prerna Bedi, Sonia Cheema, Elaine Hardcastle Organizations: GSK, GlaxoSmithKline, REUTERS, British, AstraZeneca, London Stock Exchange, Pfizer, Thomson Locations: Haleon, British, Bengaluru

☆ Renault, Volvo, CMA CGM pool forces to develop electric vans
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Gonzalo Fuentes//File Photo Acquire Licensing RightsPARIS, Oct 6 (Reuters) - Carmakers Renault (RENA.PA) and Volvo and shipping group CMA CGM said on Friday they will jointly develop a new generation of electric vans, aiming to begin production in 2026. Renault and Volvo signed binding agreements to launch a new company where they will initially each hold a 50% equity stake and invest 300 million euros over the next three years, they said in a statement. CMA CGM signed a non-binding letter of intent with Renault and Volvo to join the new company and invest 120 million euros through PULSE, its Energy Fund dedicated to accelerating the decarbonization of transport and logistics sectors. There was no further detail on when this might happen or what stake it may take in the venture. The creation of the new company is expected early 2024 and remains subject to the completion of all regulatory approval processes.

Persons: Gonzalo Fuentes, Carmakers, Dominique Vidalon, Elaine Hardcastle Organizations: Renault, Viva Technology, Porte de, REUTERS, Rights, Carmakers Renault, Volvo, CMA, CMA CGM, Energy Fund, Thomson Locations: Porte, Paris, France

"It's pretty evident that the jobs market and the consumer are doing OK. Claims are still very, very low," he said. If claims are up to mid-250,000 by year's end, "that's a fairly obvious sign that there's a loosening of the labor market." "The question everyone's asking is: can yields continue to rise further and at what point are yields going to cause some serious damage on the economy?" The dollar index fell 0.234%, with the euro up 0.25% at $1.0529. All 11 sectors of the S&P index were in the red, with the big megacap growth stocks leading the decline.

Persons: Brendan McDermid, Wall, Mike Sanders, Baylee Wakefield, Brent, Dennis Kissler, Elizabeth Howcroft, Elaine Hardcastle, Sharon Singleton, Richard Chang Organizations: New York Stock Exchange, REUTERS, Madison Investments, Labor Department, Reuters, Aviva Investors, Treasury, Bank of Japan, Analysts, Bank of, Dow Jones, Nasdaq, BOK, Thomson Locations: New York City, U.S, Madison , Wisconsin, Bank of Japan

REUTERS/Staff/File Photo Acquire Licensing RightsLONDON, Oct 5 (Reuters) - European stocks rose on Thursday, after a plunge in oil prices and softer U.S. labour data late on Wednesday helped bring U.S. Treasury yields back down from 16-year highs. European government bond yields were mixed, with the benchmark 10-year German yield up 2 basis points at 2.921% . "The question everyone’s asking is: can yields continue to rise further and at what point are yields going to cause some serious damage on the economy?” said Baylee Wakefield, a portfolio manager at Aviva Investors. ING FX analysts cautioned in a client note that markets may be putting too much weight on Wednesday's private payrolls data. In currencies, the U.S. dollar index was down 0.1% at 106.530 , off a peak earlier in the week of 107.34.

Persons: ”, Baylee Wakefield, Elizabeth Howcroft, Elaine Hardcastle, Sharon Singleton Organizations: REUTERS, Staff, Wednesday, Treasury, U.S . Federal Reserve, Nasdaq, Aviva Investors, Analysts, ING, U.S, Bank of, U.S ., Thomson Locations: Frankfurt, Germany, U.S, Bank of Japan, Japan

☆ Casino shares suspended, news on debt deal expected soon
▼ + stars: | 2023-10-04 | by ( Dominique Vidalon | ) www.reuters.com time to read: +2 min

A logo of French retailer Casino is pictured outside a Casino supermarket in Nantes, France, May 10, 2023. REUTERS/Stephane Mahe Acquire Licensing RightsPARIS, Oct 4 (Reuters) - Shares in French retailer Casino (CASP.PA) were suspended on Wednesday pending a statement, boosting speculation a final debt restructuring deal with creditors led by Czech billionaire Daniel Kretinsky to avert bankruptcy could be imminent. The deal, which massively dilutes shareholders, would bring an end to the 30-year reign of Casino CEO and controlling shareholder Jean-Charles Naouri, 74, who controls Casino via his listed holding company Rallye. On Sept. 29, Casino extended the deadline to Oct. 3, fuelling expectations an announcement was to come this week. The consortium led by Kretinsky would end up owning between 50.4% and 53% of Casino shares.

Persons: Stephane Mahe, Daniel Kretinsky, Jean, Charles Naouri, Kretinsky, Dominique Vidalon, Tassilo Hummel, Mark Potter, Elaine Hardcastle Organizations: REUTERS, Rights, Casino, Casino's, Thomson Locations: Nantes, France, Czech, France's

Ministers from the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, known as OPEC+, held an online meeting. The panel, named the Joint Ministerial Monitoring Committee, can call for a full OPEC+ meeting if warranted. Saudi Energy Minister Prince Abdulaziz bin Salman, who chairs the JMMC, last month said OPEC+ cuts were needed to stabilise the market, and prices were not being targeted. Ahead of the meeting, OPEC+ sources had told Reuters that policy was likely to remain steady although with oil rallying, some analysts had cited an increasing probability the Saudi voluntary cuts will be reduced. The next JMMC meeting is on Nov. 26, the statement said, the same day as the next scheduled full meeting of OPEC+ to decide policy.

Persons: Ramzi Boudina, Prince Abdulaziz bin Salman, Ahmad Ghaddar, Olesya Astakhova, El, Alex Lawler, Simon Cameron, Moore, Elaine Hardcastle Organizations: Organization of, Petroleum, REUTERS, LONDON, Oil, Brent, Saudi, Saudi Energy, Reuters, Thomson Locations: Algiers, Algeria, Saudi Arabia, Russia, MOSCOW, DUBAI, OPEC, Saudi

NEW YORK (AP) — Wall Street is sinking sharply Tuesday as it focuses on the downside of a surprisingly strong job market. Stocks fell as the pressure on them cranked even higher from rising Treasury yields in the bond market. Tuesday's report on the U.S. job market could give the Fed more reason to keep rates high. They and other high-growth stocks are seen as some of the biggest victims of high interest rates. The resumption of student-loan repayments could drag on spending by U.S. households, which has been strong enough to help keep the economy out of a recession despite high interest rates.

Persons: Stocks, Michelle Bowman, ”, Yung, Yu Ma, McCormick, China Evergrande, Eli Lilly, Brent, Matt Ott, Elaine Kurtenbach Organizations: Dow Jones, Nasdaq, Treasury, Federal Reserve, Fed, BMO Wealth Management, Big Tech, Microsoft, Nvidia, Nikkei, AP Business Locations: Wall, China, South Korea, Europe

☆ At Rosemead High, generations of students were harassed or groomed for sex as they tried to get an education
▼ + stars: | 2023-10-03 | by ( Matt Drange | ) www.businessinsider.com time to read: +87 min

Students were regularly subjected to sexual harassment by Hall, two former students told me. “I feel like so many of us were victims to the culture,” one former Rosemead student told Insider. Manipulation by a trusted adult has been passed like a virus to generations of Rosemead students. AdvertisementThe Shops at Santa Anita in Arcadia have long been a local haunt for Rosemead High students. We wondered aloud whether Masiello had harassed our mother the same way he'd done to generations of Rosemead students.

Persons: Clara didn't, She'd, Alex Rai, Eric Burgess, Burgess, Rai, Clara, they'd, Rai texted, she'd, who'd, Mark Abramson, Rai didn't, Leonard Levine, — I'm, Alex Rai wasn't, wouldn't, Rosemead, RubyAnna Sare, Sare, Harlan Mayne, Mayne, Dwain Crum, he'd, colluded, Crum, Robin Torres, Torres, Edward Zuniga, Zuniga, Paul Arevalo, Kristy, Jim Hall, Hall, groped, Angela, Diane Bladen, Bladen, Michael Sullivan, Sullivan, Denton Todd, Todd, Barbara, Arevalo, Barbara said, Matt Drange, Andrew Dalton, Dalton, ” Mark Abramson, I've, Will, Suzy, Carly Sanchez, Sanchez, aren't, —, David Pitts —, Pitts, Cindy, Scriabin, David Pitts, couldn't, That's, G, You'd, It's, Wing Chan, Chan, Louis Vuitton, Justin Rosien, Rosien, Rosien texted, cringed, Jim Hall's, Don Masiello, Paul Arevalo's, Sergio Caveyo, Caveyo, Brian Day, Alex, messaged, Brian Aliff, Aliff, Nichole, I'd, scoot, Michelle, Michelle's, Michelle didn't, Sarah, Brian Bristol, didn't, Nichole's, Weeks, Herbert Ortiz, Jaime, Ortiz, Richard Daniels, Daniels, Fidel Dominguez, Rosemead High's, Larry Callaham, Masiello, Jan Herzog, Herzog, Justin Fregoso, James Eder, Fregoso, me Eder, Eder, they've, Anne Bazile, Bazile, Unbeknownst, Arevalo —, Jonathan Howard, Credentialing, Howard, Elaine Rose, Rose, El Monte Union High School District Arevalo, he's, José Gallegos, Gallegos, Billie, Jo Grant, Grant, Michael Cohen, Cohen, Santa Claus, Oz, California's, haven't, Lupe Nieves, Nieves, reenacted, faxed, Harold Greenberg, Dan Morris, Morris, Alex Valdez, J, Valdez, alums, Heidi, Guillermo, she's, Clara wasn't, Mark Matthews, Matthews, Rai groped, Janine Salanitro, Zuniga hasn't, Felipe Salazar, Salazar, Andrew Dalton's, Matt Drange’s Organizations: Business, Rosemead High School, Rosemead High, Rosemead, El Monte Union High School District, Sheriff's Department, TA, El Monte Union High School, X's, Ford, Business Insider, Casa del Rey, Nissan, Nike, Bristol, Arroyo High School, High School, Los, Los Angeles County Sheriff's Department, Perris High School, of Education, Angeles County Sheriff's Department, California, California Department of Education, Monte Union High School, Valdez, Gabrielino, Rai, Los Angeles County Sheriff's, Temple City Locations: Southern California, Rosemead, San Gabriel Valley, San Gabriel, Los Angeles, Huntington Beach, Pasadena, Bladen, California, Arevalo, Utah, Santa, Arcadia, Beverly Hills, Burgess, Bristol, Arroyo, Perris, California's, Angeles, Cindy's, Los Angeles County, Temple

☆ Zelenskiy says nothing will weaken Kyiv's resolve against Russia
▼ + stars: | 2023-10-01 | by ( ) www.reuters.com time to read: +2 min

Ukraine's President Volodymyr Zelenskiy visits the Memory Wall of Fallen Defenders of Ukraine, amid Russia's attack on Ukraine, during Defenders of Ukraine Day commemoration in Kyiv, Ukraine October 1, 2023. Ukrainian Presidential Press Service/Handout via REUTERS Acquire Licensing RightsKYIV, Oct 1 (Reuters) - Ukrainian President Volodymyr Zelenskiy said in a speech released on Sunday that nothing would weaken his country's fight against Russia, a day after the U.S. Congress passed a stopgap funding bill that omitted aid to Ukraine. Zelenskiy, in a recorded speech marking the Defenders Day holiday, did not address the vote in Congress directly, but reiterated his determination to fight to victory. "As we draw closer to it every day, we say, 'We will fight for as long as it takes.'" "Support for Ukraine remains unwaveringly strong in the U.S. administration, in both parties and chambers of the U.S. Congress, and most importantly, among the American people," he wrote.

Persons: Volodymyr Zelenskiy, Rustem Umerov, Lloyd Austin, Austin, Joe Biden, Oleg Nikolenko, Elaine Monaghan, Pavlo Polityuk, Maria Starkova, Emelia Sithole Organizations: Defenders, Presidential Press Service, REUTERS Acquire, Rights, Russia, U.S, Congress, Ukraine . Defense, U.S . Defense, Republicans, Foreign, Facebook, U.S . Congress, Thomson Locations: Ukraine, Kyiv, Ukrainian, U.S, Washington, Lviv

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