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☆ The Fed's favorite inflation indicator rose less than expected in August
▼ + stars: | 2023-09-29 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Along with the modest inflation gain, consumer spending rose 0.4% on a current-dollar basis. Including food and energy, headline PCE increased 0.4% on the month and 3.5% from a year ago. Inflation on the month was largely driven by energy costs, which accelerated 6.1%, according to Friday's reading. On an annual basis, energy was down 3.6% while food increased 3.1%. The Fed targets inflation at 2% as indicative of a healthy growth rate for the economy.

Persons: Dow Jones, Quincy Krosby Organizations: Reserve, Dow, Commerce Department, LPL, PCE, Traders, CME

LOS ANGELES (AP) — Quincy Jones, who once embarked on an international diplomatic tour with jazz great Dizzy Gillespie, will receive the U.S. Department of State's inaugural Peace Through Music Award. A ceremony honoring the 28-time Grammy winning producer, musician and arranger will be held Wednesday night and as part of the launch of the State Department's new Global Music Diplomacy Initiative. The tour was part of a Cold War program to spotlight American music and culture and counteract similar efforts by the Soviet Union. “You’re going to see a long-standing partnership between the Academy and the State Department,” Mason said in an interview. We have no more powerful tools in our diplomatic toolkit, and I look forward to seeing – and listening to – the results of this initiative.”The Global Music Diplomacy Initiative was developed following the 2022 Promoting Peace, Education, and Cultural Exchange (PEACE) through Music Diplomacy Act.

Persons: — Quincy Jones, Dizzy Gillespie, Jones, Antony Blinken, Harvey Mason, Dave Grohl, Mickey Guyton, Herbie Hancock, Jamie Barton, GAYLE, Christopher Jackson, LADAMA, Aimee Mann, Rakim, Armani White, Gillespie, Michael Jackson’s, Oscar, “ You’re, ” Mason, “, ”, Roosevelt, Bruce Springsteen, “ I’ve, ” Blinken Organizations: ANGELES, U.S . Department, State's, State, Music Diplomacy Initiative, Recording Academy, American, U.S . State Department, State Department, Fulbright, Arts and Science, Academy, Inter, American Affairs, AP, Education, Cultural Exchange, Diplomacy Locations: Southern Europe, South Asia, Soviet Union, East Berlin

☆ See inside the lavish reception rooms at the US State Department
▼ + stars: | 2023-09-26 | by ( Piper Hudspeth Blackburn | ) edition.cnn.com time to read: +13 min

"America's Collection: The Art and Architecture of the Diplomatic Reception Rooms at the US Department of State." Durston Saylor/Courtesy Rizzoli The Thomas Jefferson State Reception Room. Durston Saylor/Courtesy Rizzoli The James Monroe State Reception Room, which was designed by Walter M. Macomber. Durston Saylor/Courtesy Rizzoli The James Monroe State Reception Room. Durston Saylor/Courtesy Rizzoli The design of diplomacy: See inside the lavish reception rooms at the US State Department Prev NextRooms that take you back in time“America’s Collection” gives those without diplomatic credentials a chance to experience that moment.

Persons: Harry S, John Kerry, Obama, Kerry, Truman, Oz, Durston Saylor, Benjamin Franklin, John Blatteau, Thomas Jefferson, James Monroe, Walter M, John Quincy Adams, Childe Hassam, Edmund C, Martin Van Buren, Henry Clay, George Washington, , Francis Scott Key, Paul Revere, John Adams, Clement Conger, Edward Vason Jones, Benjamin West's, John Jay, Henry Laurens, William Temple Franklin, Bruce M, Jones, King George III, Mark Alan Hewitt, Adams, Louisa Catherine, Martha Washington, Alexandra Kirtley, ” Kirtley, Kirtley, ”, Betsy Kornhauser, Kornhauser, “, Joshua Shaw, Thomas Cole, Cole, Virginia Hart, ” —, Walter Thurston Gentlemen's, we’re, ” Hart Organizations: DC CNN, US, Truman, US Department of State, State Department, Benjamin, Thomas, James, James Madison, Henry, American, Department, Powel, York’s Metropolitan Museum of Art, Winterthur Museum, Library, Philadelphia Museum of Art, CNN, Metropolitan Museum of Art, River School, “, ”, Department of State, Rizzoli Electa Locations: Washington, United States, Virginia, Mount Vernon, Paris, Great Britain, Philadelphia, British, Delaware, China, American, Europe

☆ Defeating inflation without high unemployment is still unlikely
▼ + stars: | 2023-09-24 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

And the US economy’s surprising resilience, despite 11 rate hikes, has raised hopes of a soft landing becoming a reality. “I’ve always thought that the soft landing was a plausible outcome, that there was a path to a soft landing,” he said. But historical records show that a soft landing has only occurred once in the 1990s, or perhaps even a handful of times. The US Commerce Department releases its final estimate of second-quarter gross domestic product. The US Commerce Department releases August data on household income, spending, and the Fed’s preferred inflation gauge.

Persons: it’s, Jerome Powell, Powell, “ I’ve, ”, “, Powell’s, ” “ Jerome Powell, ” Quincy Krosby, Krosby, ” Krosby, Matt Egan, ” Neil Bradley, “ We’ve, Read, Christine Lagarde, Michelle Bowman, Austan Goolsbee, Lisa Cook, John Williams Organizations: CNN Business, Bell, DC CNN, Fed, LPL, CNN, Corporate, US Chamber of Commerce, European Central Bank, Costco, Global, Board, Survey, US Commerce Department, Micron, Nike, US Labor Department, National Association of Realtors, Carnival Corp, University of Michigan, New York Fed, China’s National Bureau of Statistics Locations: Washington

☆ Lizzo preaches self-love and acceptance. But backstage, her team was mocked and bullied, designer says in a new lawsuit.
▼ + stars: | 2023-09-21 | by ( Diana Dasrath | Tim Stelloh | ) www.cnbc.com time to read: +6 min

Daniels was fired after she complained about Nomura, according to the suit. Nomura told Daniels never to interact with Lizzo or to dress attractively in front of her because it may make Lizzo jealous, the suit said. Alleged slurs, threats and offensive impressionsNomura allegedly mocked Lizzo and her dancers with what the lawsuit described as a "stereotypical sassy Black woman imitation." After Daniels complained to Gugliotta, Lizzo's tour manager, she allegedly asked Daniels to surreptitiously record Nomura, according to the suit. Daniels declined, believing it would be unethical and possibly illegal, and continued to work for Lizzo, according to the suit.

Persons: Lizzo, Asha Daniels, Daniels, Amanda Nomura, Nomura, Ron Zambrano, Zambrano, it's, Melissa Viviane Jefferson, Carlina Gugliotta, Gugliotta, Quincy, she's Organizations: Ball, NBC, Superior Court, Big, Touring Inc, NBC News, Black, Lizzo Locations: Flushing Meadows Corona Park, New York City, Taylor, Los Angeles

☆ Saudi crown prince says he will keep 'sportswashing' as criticism of the practice grows
▼ + stars: | 2023-09-21 | by ( Drew Richardson | ) www.cnbc.com time to read: +4 min

Call it whatever you want, we're going to get that one and a half percent," the crown prince said. The Saudi Public Investment Fund (PIF), an entity controlled by Crown Prince Mohammed, has backed Saudi soccer clubs and LIV Golf. The LIV Golf merger with the PGA Tour has faced widespread scrutiny. Key U.S. lawmakers have criticized the pending golf merger as an attempt by the kingdom to distract from its human rights record. Prior to the deal, LIV Golf sued the PGA Tour for alleged anticompetitive practices, which prompted the PGA Tour to countersue, saying LIV Golf was stifling competition.

Persons: Saudi Arabian Crown Prince Mohammed bin Salman Al Saud, Prince Mohammed bin Salman, sportswashing, I'm, Critics, Jamal Khashoggi, Cristiano Ronaldo, Dustin Johnson, Bryson DeChambeau, LIV Golf, Crown Prince Mohammed, LIV, Osama bin Laden, It's, Sen, Richard Blumenthal, Conn, Jimmy Dunne, Ron Price, Price, Benjamin Freeman, — CNBC's Lillian Rizzo, Chelsey Cox Organizations: Saudi, Saudi Arabian Crown, Partnership, Global Infrastructure, Fox News, Washington Post, Neymar, PGA Tour, Saudi Public Investment Fund, Crown, Reuters, PGA, Key U.S, Homeland Security, Governmental Affairs, Tour, Quincy Institute, Responsible Locations: Saudi Arabian, New Delhi, India, Saudi, Europe, Saudi Arabia, Key, Yemen

☆ US stocks fall as 10-year Treasury yield surges to highest since 2007 after Fed meeting
▼ + stars: | 2023-09-21 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks fell on Thursday as the 10-year US Treasury yield jumped to its highest level since 2007. Jobless claims fell to 201,000 last week, signaling the labor market remains tight. The 10-year US Treasury rate jumped to a high of 4.49% on Thursday, representing its highest level since October 2007. "He underscored numerous times that while the Fed remains data dependent and can proceed carefully, but another rate hike remains on the table as the Fed is seemingly wedded towards restoring price stability," LPL Financial strategist Quincy Krosby told Insider. Meanwhile, jobless claims fell to 201,000 last week, the lowest reading since January and below economist estimates of 225,000, signaling the labor market remains tight.

Persons: Jerome Powell, Quincy Krosby Organizations: Treasury, Federal Reserve, Service, Dow Jones, Nasdaq Locations: Wall, Silicon

☆ US stocks tumble amid surging bond yields and potential government shutdown
▼ + stars: | 2023-09-21 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks plunged on Thursday as bond yields surged following the Fed's policy meeting. The 10-year US Treasury rate jumped to a high of 4.49%, its highest level since October 2007. A potential government shutdown also could be imminent as the House went on recess after failing to pass a funding bill. The 10-year US Treasury rate jumped to a high of 4.49% on Thursday, representing its highest level since October 2007, while the 2-year Treasury yield jumped to its highest level since 2006. A potential shutdown could occur in October.

Persons: Jerome Powell, Quincy Krosby Organizations: Service, Treasury, Republican, Dow Jones Locations: Wall, Silicon, Here's

☆ Opinion: Hunter Biden is hardly the first ne’er-do-well presidential son
▼ + stars: | 2023-09-20 | by ( Opinion Alexis Coe | ) edition.cnn.com time to read: +7 min

CNN —Presidential history is lousy with ne’er-do-well sons. American history tells us a different story: Bad presidential sons are as old as the nation itself, yet political opponents have never thought weaponizing them would win an election. If there is evidence that a sitting president, a former president, a presidential candidate, a presidential heir or anyone else, has committed a crime, he or she should be held accountable. “I never did in my Life know a Youth so exceedingly indolent, or so surprisingly voluptuous,” Jack’s tutor, Reverend Jonathan Boucher, wrote to George Washington. Devoted students of history would object to wasting precious time and resources on a nothingburger scandal about a president’s unelected son.

Persons: Alexis Coe, George Washington, John Quincy Adams, Beau Biden, Alexis Coe Sylvie Rosokoff, Joe Biden’s, Hunter, “, Sisyphus, John, Jacky, Custis, ”, Jonathan Boucher, Jack’s, Wash, — Thomas Jefferson, James Madison, James Monroe, Washington, —, John Payne Todd, Brother Madison, ” John Adams, Thomas Jefferson, Robert Lincoln, Abraham Lincoln, Mary, Abraham Lincoln’s, Robert, Mary —, George H.W, Bush, George W, Neil Bush, Mark Reinstein, ’, ” Theodore Roosevelt, Alice Roosevelt, ” Patti Davis, Ronald Reagan’s, It’d, Hunter Biden, Donald Trump, it’ll, Trump, can’t, Biden, Joseph P Organizations: New, CNN, Justice Department, Washington, Silverado Banking, Savings, House Banking, Finance, Urban Affairs, Washington DC, Playboy, Republican, Department, & $ Locations: New America, America’s, America, Washington, Madison, Illinois, Loan, United States

CNN —The Iranian government now has access to $6 billion of their funds to be used for humanitarian purposes as a part of a wider deal that allowed five Americans who had been imprisoned in Iran to go free. Sources told CNN the funds came from oil sales that were allowed and placed into accounts set up under the Trump administration. The money is now available to the Iranian government for purchase of non-sanctionable items such as food and medicine. Kirby said that statement was “flat out wrong.”“This is not a payment of any kind, it’s not ransom, these aren’t US taxpayer dollars, and we haven’t lifted a single one of our sanctions on Iran – Iran will be getting no sanctions relief,” Kirby said. “The money will then go to qualified vendors to purchase and deliver the food, the medical supplies, into Iran.

Persons: Biden, John Kirby, Trump, Antony Blinken, Ebrahim Raisi, Kirby, ” Kirby, “, ”, Trita, Republican Sen, Tom Cotton of, Mike Pence –, Pence, Sen, Tim Scott, Blinken, Janet Yellen Organizations: CNN, Qatar, Republicans, State Department, Ukraine, Biden, US Treasury Department, Qatari National Bank, Quincy Institute, Republican, House, Tehran – Locations: Iran, South Korea, Qatar, Europe, White, Doha, Washington ,, Tom Cotton of Arkansas, Tehran, China, United States

☆ The US-Iran prisoner deal is a diplomatic breakthrough, but the bad blood persists
▼ + stars: | 2023-09-18 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +7 min

The carefully choreographed agreement was years in the making and is being seen as a major diplomatic breakthrough for the two foes. The Biden administration is unlikely to engage in “meaningful revival” of the 2015 nuclear deal, said Sanam Vakil, director of the Middle East and North Africa program at the Chatham House think tank in London. Production is the highest it’s been since 2018, when Trump withdrew from the 2015 nuclear deal and reimposed sanctions on Iran. The Islamic Republic’s oil exports have also increased, averaging 1.9 million bpd in August, Reuters reported, citing shipping firm TankerTrackers.com. “Those claiming that Biden is ignoring Iran’s exports are assuming that Biden can just shut down Iran’s exports through sanctions,” he said.

Persons: “, ”, Biden, Trump, Sanam Vakil, Ali Vaez, That’s, Ali Ahmadi, there’s, Rafael Mariano Grossi, Nasser Kanaani, Ebrahim Raisi, Raisi, ” Raisi, Trita Organizations: CNN, Five, Biden, Chatham House, Group, International Atomic Energy Agency, IAEA, Petroleum, Trump, Reuters, US Energy, Geneva Centre, Security, Islamic, Sunday, US Republican Party, US Treasury Department, NBC, Quincy Institute Locations: Iran, Qatar, United States, Washington, Tehran, East, North Africa, London, China, Islamic Republic, Russia, Ukraine, Washington ,

☆ Stock futures are little changed as Wall Street awaits Fed meeting: Live updates
▼ + stars: | 2023-09-17 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

U.S. stock futures inched up Sunday night as investors look toward the Federal Reserve's next policy decision. The broad market index and the Nasdaq both ended the previous trading week in the red, marking their second straight week of losses. However, Krosby believes higher prices could be ahead as the labor market remains strong. September's Housing Market Index data is scheduled to be released. The New York Fed will also be announcing September's Business Leaders Survey results.

Persons: Dow, it's, Quincy Krosby, Krosby Organizations: New York Stock Exchange, Federal, Dow Jones, Nasdaq, Fed, LPL, PPI, United Auto Workers, UAW, New Locations: Detroit, September's

☆ Coleman, Jackson upset world champions in Diamond League final
▼ + stars: | 2023-09-16 | by ( ) www.reuters.com time to read: +3 min

Athletics - Diamond League - Xiamen Diamond League - Egret Stadium, Xiamen, China - September 2, 2023 Christian Coleman of the U.S. celebrates after winning the men's 100m final REUTERS/Aly Song/File Photo Acquire Licensing RightsSept 16 (Reuters) - American Christian Coleman stunned world champion Noah Lyles to win the men's 100 metres at the Diamond League final in Eugene, Oregon on Saturday as Jamaican Shericka Jackson took the women's sprint title. Coleman missed out on the podium at the World Championships in Budapest but broke the tape in a blistering 9.83 seconds as fellow American Lyles finished second in 9.85. Coleman, the 2018 Diamond League champion, exploded off the blocks and Lyles was unable to overcome a slower start. Jamaican Jackson finished second at the World Championships behind American Sha'Carri Richardson but took the lead in the last half of the women's 100 metres before breaking the tape in 10.70. World champion Warholm was strong favourite after claiming three Diamond League wins this year but Benjamin finished strongly to clock 46.39 seconds, the year's best time and fourth-fastest ever.

Persons: Christian Coleman, Aly, Noah Lyles, Shericka Jackson, Coleman, Lyles, Kenyan Ferdinand Omanyala, I’ll, Bolt, Jackson, Sha'Carri Richardson, Ivorian Marie, Josee Ta Lou, Elaine Thompson, Rai Benjamin, Karsten Warholm, Warholm, Benjamin, Kyron McMaster, Kipyegon, sparkled, Kirani James, Quincy, Amy Tennery, Ed Osmond Organizations: Diamond League, Xiamen Diamond League, Kenyan, Ivorian, British Virgin Islands, Quincy Hall of, United States, Thomson Locations: Xiamen, China, Eugene , Oregon, Budapest, British, New York

☆ US retailer holiday hiring to drop to levels last seen in 2008
▼ + stars: | 2023-09-15 | by ( Siddharth Cavale | ) www.reuters.com time to read: +2 min

A "Now Hiring" sign hangs on the door to the Urban Outfitters store at Quincy Market in Boston, Massachusetts September 5, 2014. That is just slightly above the 324,900 workers they added during the last quarter of the financial recession of 2008. "Seasonal employers have a few issues to grapple with in the coming months. Another is one that has been fairly constant since the pandemic: can they attract workers?," Challenger said. Signs are already emerging that the labor market is starting to cool and employers are hiring at a slower clip.

Persons: Brian Snyder, Andrew Challenger, Siddharth Cavale, Matthew Lewis Organizations: Urban Outfitters, Quincy Market, REUTERS, Labor, Challenger, Reuters . Retailers, Bureau of Labor Statistics, Labor Department, Thomson Locations: Boston , Massachusetts, New York

Senator Richard Blumenthal, D-CT, speaks during a Senate Judiciary Committee hearing on the January 6th insurrection, in the Hart Senate Office Building on Capitol Hill in Washington, DC, March 2, 2021. WASHINGTON — Bipartisan members of a Senate subcommittee on homeland security demanded transparency Wednesday from a Saudi Arabian investment fund at its second hearing on the controversial deal to merge PGA Tour and Saudi-backed LIV Golf. "Saudi Arabia's bid to buy professional golf in America is not just one investment in a vacuum," Sen. Richard Blumenthal, D-Conn., chairman of the Permanent Subcommittee on Investigations, said on Capitol Hill. Blumenthal announced that he had issued a subpoena on Wednesday to USSA International LLC, the PIF's wholly-owned U.S. subsidiary, for documents related to the PGA Tour-LIV Golf deal and other U.S. investments. A PGA Tour representative declined to comment.

Persons: Richard Blumenthal, LIV Golf, Sen, Conn, Blumenthal, LIV, Benjamin Freeman, Joey Shea, LIV didn't Organizations: WASHINGTON, Saudi, Investigations, Capitol, USSA, PGA, Quincy Institute, Responsible, United, Human Rights Watch Locations: Hart, Washington , DC, Saudi Arabian, Saudi, America, Saudi Arabia, China, Russia, United States, United Arab Emirates

☆ What’s next for the New York Jets without Aaron Rodgers?
▼ + stars: | 2023-09-13 | by ( Sam Joseph | ) edition.cnn.com time to read: +6 min

CNN —Aaron Rodgers’ arrival in the MetLife Stadium on Monday night signaled that change and hope were on the way for the New York Jets, but it turns out that this season’s long-awaited new era has suffered a significant setback. However, just four snaps into Rodgers’ New York career, disaster struck. Gang Green forced four turnovers from Bills quarterback Josh Allen – a fumble to go along with three interceptions by Jordan Whitehead. Jets wide receiver Garrett Wilson (17) celebrates with teammates after catching a pass for a touchdown during the fourth quarter. Wilson throws a pass under pressure from the Bills' pass rush.

Persons: CNN — Aaron Rodgers, Rodgers, Leonard Floyd, Achilles, “, Aaron, I’m, ”, Robert Saleh, ” Rodgers, Seth Wenig, Zach Wilson, Breece, Garrett Wilson, Greg Zuerlein, Green, Josh Allen –, Jordan Whitehead, That’s, Allen, Xavier Gipson, Stephen F, Adam Hunger, Allen Lazard, Jordan, Terrel Bernard, Vincent Carchietta, Sauce Gardner, Quincy Williams, Hall’s, Dalvin Cook, Wilson, ” Saleh, Tim Boyle, Wilson’s, Mike White, Joe Flacco, Elsa, Getty, Boyle, Matt Ryan, Carson Wentz Organizations: CNN, MetLife, New York Jets, Jets, Buffalo Bills, Green Bay Packers, Bills, Austin University, of Famer, NFL, Reuters Locations: Rodgers ’, York, Reed, Wilson, Rodgers

☆ When Club Music Went Commercial, Remixes Kept It Real
▼ + stars: | 2023-09-12 | by ( Craig Seymour | ) www.nytimes.com time to read: +3 min

Remixes can free a song from the dictates of radio trends, marketability and the pop conventions of boy-meets-girl. It makes me think about what, on the surface, seems so irrational: a Black queer person risking alienation from the larger Black community to shape a distinct identity around the inexplicable wants of the heart. You just had to learn it for yourself.”There is another function of the remixes I cherish most: They instigate precious memories. The beat is the confession, which recognizes, changes, and conquers time.” Some remixes remind me of the 1980s and ’90s, when music forged in Black queer spaces began reaching the mainstream. Remixes were one way of preserving Black queer aesthetics amid economic incentives to make club music more commercial.

Persons: Diana Ross, ” Jody Watley, Mariah Carey, ”, Quincy Jones’s, Arthur Baker, Baker, Chaka Khan’s, Frederick Douglass, “, Whitney, David Cole, Robert Clivillés, Oz, Glinda, “ You’ve, James Baldwin Locations: Houston

Officials estimate that as many as half of currently sheltered families are recently arrived migrants from other countries; most have come from Haiti, drawn by word of mouth and the pull of the state’s well-established Haitian community. Maura Healey declared a state of emergency on Aug. 8 in a bid for federal help, joining New York, Chicago and Washington, D.C., which have taken similar steps. The state is also housing migrants on two college campuses and on a Cape Cod military base, and has opened two welcome centers to process arrivals, with many coming from the southern border, advocates said. On average, 10 new families show up at the center each day, staff members said. The goals are to assess their health, help them set short- and long-term goals, sign them up for key state services, and move them to housing elsewhere, all within five days.

Persons: Maura Healey, Healey Organizations: Gov, D.C, National Guard, Cape Locations: Haiti, New York, Chicago, Washington, Quincy, Boston, Haitian

☆ The problem with labor data in understanding inflation
▼ + stars: | 2023-09-10 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

The central bank will continue to pay close attention to the state of the labor market, specifically on wages, as it focuses on defeating inflation, but there’s only so much that labor data can reveal about price increases. Mainly, it’s that wage figures are great at gauging inflation’s progress, but they’re lousy at forecasting its future. Financial markets have shifted back to a “bad news is good news” way of perceiving economic data and will continue to react to labor data, but ultimately, it’s the actual inflation data that matter most to the Fed. The issue of labor figures in forecasting inflation lies with productivity data. The Federal Reserve releases August data on industrial production.

Persons: Austan Goolsbee, Raphael Bostic, ”, Quincy Krosby, ” Agron Nicaj, it’s, Anna Cooban, ” James Athey Organizations: CNN Business, Bell, DC CNN, Federal Reserve, Fed, Chicago Fed, Bloomberg, Atlanta Fed, Financial, LPL Financial, CNN, Oracle, National Federation of Independent Business, National Statistics, US Labor Department, Adobe, European Central Bank, US Commerce Department, China’s National Bureau of Statistics, Lennar Homes, The University of Michigan Locations: Washington, Saudi Arabia

☆ Dollar has 8th straight week of gains; U.S. stocks edge up
▼ + stars: | 2023-09-08 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

[1/3] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 24, 2023. The dollar index's weekly winning streak was its longest since 2014, bolstered by recent data suggesting the U.S. economy is still resilient. Investors are waiting for the U.S. Consumer Price Index reading for August, due Wednesday, especially with oil prices rising. Dollar gains have also prompted a step up in rhetoric from Japanese policymakers growing uncomfortable with the yen's slide. In energy, oil prices rose to a nine-month high as U.S. diesel futures rose and as investors worried about tight oil supplies.

Persons: Brendan McDermid, Quincy Krosby, Wall, Masato Kanda, Hirokazu Matsuno, Huw Jones, Heekyong Yang, Shri Navaratnam, Tomasz Janowski, David Evans, Richard Chang Organizations: New York Stock Exchange, REUTERS, Apple, U.S, Strong U.S, Federal Reserve, Investors, U.S . Consumer, Financial, Dow Jones, Nasdaq, Treasury, Thomson Locations: New York City, U.S, Strong, Charlotte , North Carolina, China, Japan, Brent, London, Seoul

☆ Analysis: China's Xi Jinping skipping G20 may be part of his plan to reshape global governance
▼ + stars: | 2023-09-08 | by ( Nectar Gan | ) edition.cnn.com time to read: +8 min

Since its first leaders’ summit in 2008, China’s top leader has always attended the gathering – including by video link during the Covid pandemic. Now, “China sees the G20 space as increasingly oriented toward the US and its agenda, which Xi Jinping regards as hostile to China,” Werner said. Alternative governance structureXi last attended the G20 summit in Bali, Indonesia, in November last year, when he emerged from China’s Covid isolation and declared his return to the world stage. All the while, Xi has only made two trips abroad this year – and both are central to his attempt to reshape the global world order. Next month, the Chinese leader is expected to host the Belt and Road Forum to mark the 10th anniversary of his global infrastructure and trade initiative – a key element in Beijing’s new global governance structure.

Persons: Jinping, Premier Li Qiang, Beijing’s reticence, Xi, ”, George Magnus, I’m, I’ve, Jake Werner, ” Werner, Biden, Werner, Happymon Jacob, China’s, Shi Yinhong, Joe Biden –, Antony Blinken, Vladimir Putin –, Magnus, they’re, ” Magnus, –, “ It’s Organizations: Hong Kong CNN, Premier, China Center, Oxford University, “, Quincy Institute in, Quincy Institute in Washington DC, Pacific NATO, ”, India, New, Jawaharlal Nehru University, Divisions, Renmin University, EU, Beijing, Global Security Initiative, Global Development Initiative, Civilization Initiative, Forum, Shanghai Cooperation Organization – Locations: Hong Kong, New Delhi, China, Xi’s, India, United States, Quincy Institute in Washington, Beijing, New, Washington, Pacific, Ukraine, Moscow, Bali , Indonesia, Germany, France, Brazil, Indonesia, Johannesburg, South Africa, BRICS

☆ Rise in services, manufacturing prices spur fear that Fed has more work to do on inflation
▼ + stars: | 2023-09-06 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

On Wednesday, the ISM reported that its services prices index for August rose to 58.9%, a four-month high and 2.1 points above the July level. That comes on the heels of the August manufacturing prices reading of 48.4%, which was below the dividing line for expansion but still 5.8 points ahead of July's level. Following the services reading, traders in the fed funds futures market increased the odds for a November Fed rate hike to about 53%, according to the CME Group . That coincided with a jump in the rate-sensitive two-year Treasury yield to 5.033%, and a slide in stocks that sent the S & P 500 down by as much as 0.9%. "With oil and food prices also higher, this [ISM services] report points to a Fed whose job to quell inflation is certainly not yet quite finished."'

Persons: Quincy Krosby, Susan Collins Organizations: Federal Reserve, Institute, Supply, CME Group, Treasury, LPL, Boston

☆ As Ukraine's air force dodges Russian missiles, the US and its allies are practicing to keep their jets flying while under attack
▼ + stars: | 2023-09-03 | by ( Christopher Woody | ) www.businessinsider.com time to read: +8 min

Ukraine's air force has remained operational in the face of ongoing Russian attacks. US Air Force/Airman 1st Class Albert MorelLike other Air Force commands, US Air Forces Europe regularly conducts ACE exercises. AdvertisementAdvertisementThe Air Force's concern is driven by the proliferation of precision weapons that could allow an adversary to pick off valuable targets. US airmen and Finnish Air Force pilots at Rovaniemi Air Base during Astral Knight 23 Part 6 on August 23. The Pentagon's EDI budget request for 2024 includes nearly $500 million for the Air Force to improve base infrastructure and pre-positioned equipment.

Persons: James Hecker, " Hecker, Albert Morel, they've, haven't, Hecker, John Lamontagne, Albert Morel Running, Capt, Quincy Watts, Watts, we're Organizations: Air, Service, Russian, US Air, US Air Forces Europe, Defense Writers, Astral, US Air Force, Air Force, Rovaniemi Air Base, NATO, US Air Force KC, Kallax Air Base, Finnish Air Force, Air Base Locations: Wall, Silicon, Ukrainian, Russian, Ukraine, Rovaniemi, Finland, Europe, Lithuania, Sweden, Baltic, Latvia, Italy, Aviano, China, Estonia

☆ Coleman roars to Xiamen 100m title as Diamond League returns to China
▼ + stars: | 2023-09-02 | by ( ) www.reuters.com time to read: +2 min

Athletics - Diamond League - Xiamen Diamond League - Egret Stadium, Xiamen, China - September 2, 2023 Christian Coleman of the U.S. celebrates after winning the men's 100m final REUTERS/Aly Song Acquire Licensing RightsXIAMEN, China, Sept 2 (Reuters) - American Christian Coleman powered to victory in the men's 100 metres race at the Xiamen Diamond League as the premier one-day series returned to China for the first time in four years on Saturday after COVID disruptions. Coleman crossed the line in a joint world leading time of 9.83 seconds to draw huge roars at the Egret Stadium in Xiamen, which replaced Shenzhen and will continue to host one of two Diamond League meetings in the Asian nation until 2032. American 2022 world champion Fred Kerley, who failed to qualify for the final at the Budapest world championships last month, took bronze in 9.96 seconds. Italian Lamont Marcell Jacobs has barely raced since his Tokyo Olympics victory and finished a disappointing seventh. The Diamond League heads to Brussels on Sept. 8 before the season concludes in Eugene on Sept. 16-17.

Persons: Christian Coleman, Aly, Coleman, Kishane Thompson, Fred Kerley, Lamont Marcell Jacobs, Kirani James, James, Jamaica's Rusheen McDonald, Beatrice Chebet, Mexico's Laura Galvan, Kenyan Margaret Akidor, Shrivathsa Sridhar, Helen Popper Our Organizations: Diamond League, Xiamen Diamond League, Rights, Tokyo Olympics, Quincy Hall, Kenyan, Thomson Locations: Xiamen, China, Rights XIAMEN, Shenzhen, Budapest, Tokyo, Brussels, Eugene, Bengaluru

☆ Stocks will try to keep momentum, but September seasonality and other headwinds await
▼ + stars: | 2023-09-01 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Stocks are looking to maintain momentum in the holiday-shortened week ahead even as Wall Street contends with a seasonally weak period for markets ahead of the Federal Reserve's September rate decision. Some technical indicators have investors hopeful the bullish momentum could continue in the week ahead. For example, the major indexes broke above their respective 50-day moving averages this past week — a sign of improving short-term momentum. Central bank policymakers convene for a two-day meeting starting Sept. 19 and announce their interest rate decision Sept. 20. Week ahead calendar All times are ET.

Persons: Sam Stovall, We've, Ryan Detrick, Quincy Krosby, CFRA, —, HSBC's Max Kettner, Savita Subramanian, John Luke Tyner, Carson Group's Detrick, Detrick, FactSet, Kroger Organizations: Dow Jones Industrial, Nasdaq, Wall, Dow, Carson Group, Fed, LPL, Bank of America, Aptus Capital Advisors, Labor, PMI, PMI Services, Consumer Credit Locations: U.S, CFRA, China

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