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MILWAUKEE (AP) — Corbin Carroll, Ketel Marte and Gabriel Moreno homered against Corbin Burnes, helping Arizona erase an early three-run deficit and sending the Diamondbacks to a 6-3 victory over the Milwaukee Brewers in Game 1 of their NL Wild Card Series on Tuesday night. Arizona, which clinched an NL wild card in the final days of the season, had been 0-14 in postseason games when trailing by at least three runs. Carroll and Marte homered on back-to-back pitches in the third, and Moreno put the Diamondbacks ahead in the fourth. TRAINER’S ROOMArizona outfielder Jake McCarthy was removed from the team’s Wild Card Series roster shortly before the start of Game 1 due to a right oblique strain. Under MLB postseason rules, McCarthy wouldn’t be able to play for the Diamondbacks until the NL Championship Series, if they get that far.

Persons: — Corbin Carroll, Ketel Marte, Gabriel Moreno, Corbin Burnes, Zac Gallen, Merrill Kelly, Brandon Pfaadt, Marte, Moreno, Evan Longoria, Tyrone Taylor, Christian Walker, Devin Williams, Arizona’s Joe Mantiply, Miguel Castro, Ryne Nelson, Ryan Thompson, Kevin Ginkel, Paul Sewald, Kelly, Pfaadt, Burnes, Cy Young, Carlos Santana’s, Tyrone Taylor’s, Arizona’s, Carroll, Geraldo Perdomo’s, Nelson, Sal Frelick, Willy Adames, Josh Donaldson, Brice Turang, Turang, Thompson, Longoria, Taylor’s, Jake McCarthy, Utilityman Jace Peterson, McCarthy, McCarthy wouldn’t, Freddy Peralta, ___ Organizations: MILWAUKEE, Diamondbacks, Milwaukee Brewers, NL, Carroll, NL Central, Brewers, Milwaukee, Gallen, Tyrone, MLB, UP NEXT Gallen, Arizona Locations: Arizona, UP

☆ Bank of America's Stephen Suttmeier lays out the techincal setup for Q4
▼ + stars: | 2023-10-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBank of America's Stephen Suttmeier lays out the techincal setup for Q4Stephen Suttmeier, Chief Equity Technical Strategist at Bank of America Merrill Lynch Global Research, charts out the road ahead for stocks in Q4.

Persons: America's Stephen Suttmeier, Stephen Suttmeier, Bank of America Merrill Lynch Organizations: Email Bank, America's, Equity, Bank of America, Bank of America Merrill Lynch Global Research

☆ MLB roundup: Astros, D-backs punch tickets to postseason
▼ + stars: | 2023-10-01 | by ( ) www.reuters.com time to read: +10 min

Verlander (13-8) allowed two hits in five scoreless innings, while Kelly (12-8) went seven innings and allowed five hits and one run. Marlins 7, Pirates 3Jazz Chisholm Jr. homered and added an RBI single for visiting Miami, which beat Pittsburgh to clinch an NL wild-card spot. Josh Bell added a two-run double and sacrifice fly, and Bryan De La Cruz an RBI single for the Marlins. Endy Rodriguez and Bryan Reynolds each hit an RBI single for the Pirates. Joey Meneses followed with an RBI single and scored on Luis Garcia's double.

Persons: Miami Marlins Luis Arraez, Xavier Edwards, Jazz Chisholm, Charles, Saturday's, Houston's Justin Verlander, Arizona's Merrill Kelly, Verlander, Phil Maton, Kelly, Jose Abreu, Chisholm, Josh Bell, Bryan De La Cruz, Endy Rodriguez, Bryan Reynolds, Andrew Heaney, Jonah Heim, Eugenio Suarez, Spencer Strider, Marcell Ozuna, John Smoltz, Strider, CJ Abrams, Joey Meneses, Luis Garcia's, Andy Ibanez, Akil Baddoo, Carson Kelly, Miguel Cabrera's, Cabrera, Beau Brieske, Triston McKenzie, Taylor, Megill, Edmundo Sosa, Brandon Marsh, Weston Wilson, Brooks Raley, Adam Ottavino, Frankie Montas, Estevan Florial, Gleyber Torres, Yan Gomes, Gomes, Willy Adames, William Contreras, Blake Perkins, Carlos Santana, Michael Wacha, Profar, Ji Man Choi, Juan Soto, Lenyn Sosa, Anthony Santander's, Kyle Gibson, Bruce Zimmermann, Adam Duvall, Kutter Crawford, Lars Nootbaar, Jose Fermin, Louis, Jordan Walker, Ivan Herrera, Luken Baker, Masyn Winn, Noelvi Marte, Connor Phillips, Francisco Alvarez, Kyle Schwarber, Johan Rojas, Trevor Larnach, Edouard Julien, Matt Wallner, Max Kepler, Christian Vazquez, Chris Paddack, Brenton Doyle, Sean Bouchard, Elehuris Montero, Nolan Jones, Alan Trejo, Karl Kauffmann, Tristan Beck, Clayton Kershaw, Tyler Fitzgerald, Kai Correa, Max Muncy, Kershaw, Shea Langeliers, Joe Boyle, Zack Gelof, Boyle, Brandon Drury, Mike Moustakas Organizations: Miami Marlins, Pittsburgh Pirates, PNC Park, Miami, Astros, Diamondbacks, American League, Arizona, National League, Cincinnati Reds, St, Louis Cardinals, Marlins, Pirates, Pittsburgh, Rangers, Mariners, Texas, Seattle, Houston, Braves, Washington, Keibert, Tigers, Detroit, Guardians, AL, Blue Jays, Tampa Bay, Toronto, Rays, Mets, Phillies, NL, Yankees, Royals, New York, Kansas City, Cubs, Brewers, Chicago, Milwaukee, NL Central, Padres, White Sox, San, Orioles, Red Sox, Baltimore, Boston, Cardinals, Reds, Cincinnati, New, Philadelphia, Twins, Rockies, Minnesota clobbered, Minnesota, Colorado, Giants, Dodgers, San Francisco, Los, Athletics, Oakland, Los Angeles, Detroit Tigers, Thomson Locations: Pittsburgh , Pennsylvania, USA, Arizona, Houston, Phoenix . Houston, Texas, Cleveland, New York, Philadelphia, San Diego, Chicago, Cincinnati, Minnesota clobbered Colorado, Denver, Los Angeles, Los, Anaheim , Calif

☆ A 32-year market vet warns a recession is still on the way as the Fed's jumbo rate hikes continue to work their way into the economy — and shares 3 reasons why stocks are overvalued by 35%
▼ + stars: | 2023-09-30 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

The hikes scared investors into thinking a recession would be on the way. But today, the labor market remains strong and inflation is under 4%, prompting rosier outlooks about the fate of the US economy. Rate hikes take time to work their way into the economy. But their main adversary going forward is going to be the Fed, with inflation still elevated. The Consumer Price Index is at 3.7% year-over-year, and core inflation, which the Fed watches closely, is even higher at 4.3%.

Persons: Michael Pento, Piper Sandler, Pento, Louis, LEI, Greg Boutle, Morgan Stanley's Mike Wilson, Piper Sandler's Michael Kantrowitz, Jeremy Grantham, Merrill Lynch, Gary Shilling, Jerome Powell Organizations: Federal Reserve, Federal Reserve Bank of St, National Federation of Independent Businesses, Conference, Stock, Robeco, Nasdaq, BNP, Fed

☆ Best Credit Cards for TSA PreCheck and Global Entry
▼ + stars: | 2023-09-26 | by ( Emily Sherman | ) www.wsj.com time to read: +12 min

Many travel credit cards have removed this cost barrier for their users—offering a statement credit that covers the cost of applying to either TSA PreCheck or Global Entry. All you have to do is pay the $78 PreCheck fee or $100 Global Entry fee with your card and you’ll automatically be reimbursed. Other cards to considerWhile these cards are our favorites boasting a TSA PreCheck or Global Entry credit, there are a few other options if none of them align with your needs. How we pickedTo choose Buy Side’s Best Credit Cards for TSA PreCheck and Global Entry, we looked at more than 30 credit cards that offered a credit for these application fees. To find out more about how we chose credit cards—and to meet our panel of experts—you can also check out Buy Side from WSJ’s full best credit cards methodology.

Persons: Emily Sherman, You’ll, cardholders, Uber, airfare, Chase, Cardholders Organizations: TSA, Hertz, One Venture, Venture, Venture X, Capital, American, Amex, American Express, Amex Travel, Chase, TSA PreCheck, Chase Sapphire, U.S, Sapphire Reserve, Bank of America, of America, Merrill Locations: Capital, Canada

☆ D-backs can't afford slipup against White Sox
▼ + stars: | 2023-09-26 | by ( Field Level Media | ) www.reuters.com time to read: +3 min

September 26 - The Arizona Diamondbacks will try to strengthen their chances in the National League wild-card race when they visit the Chicago White Sox for a three-game series beginning Tuesday night. The remaining regular-season schedule for Arizona includes the set against the White Sox and then three home games against the Houston Astros, who are fighting to make the American League playoffs. The White Sox (60-96) have long been out of contention and have turned their focus toward 2024, but they will welcome an opportunity to play spoiler. It has been a trying season for first-year White Sox manager Pedro Grifol, but he has not lost the confidence of his players. In two career starts against the White Sox, Davies is 0-1 with a 10.57 ERA.

Persons: We've, Merrill Kelly, we've, Pedro Grifol, Grifol, Elvis Andrus, Zach Davies, Davies, Jose Urena, Urena, Ketel Marte Organizations: The Arizona Diamondbacks, National League, Chicago White Sox, Chicago Cubs, The Miami Marlins, Cincinnati Reds, Diamondbacks, New York Yankees, Arizona, White Sox, Houston Astros, American League, Colorado Rockies, Washington Nationals, The Diamondbacks, Marte, Thomson Locations: Arizona, New York, Chicago

☆ Yankees rally to victory after D-backs waste chances
▼ + stars: | 2023-09-25 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/34] Sep 25, 2023; Bronx, New York, USA; New York Yankees second baseman Gleyber Torres (25) hits a double against the Arizona Diamondbacks during the fourth inning at Yankee Stadium. Arizona (82-74) lost for the second time in eight games and squandered three leads in a game that was rescheduled from Saturday. Florial followed with a fly ball to left to score Austin Wells and give the Yankees their first lead. Arizona right-hander Merrill Kelly allowed two runs on four hits in five innings. New York right-hander Clarke Schmidt allowed two runs on three hits in four innings.

Persons: Gleyber Torres, John Jones, Estevan Florial, Kevin Ginkel, Oswald Peraza, Florial, Austin Wells, Everson Pereira, Miguel Castro, Corbin Carroll, Carroll's, Ian Hamilton, Gabriel Moreno's, Peraza, Ryan Thompson, Alek Thomas, Aaron, Clay Holmes, Thomas, Wells, Merrill Kelly, Clarke Schmidt Organizations: New York Yankees, Arizona Diamondbacks, Yankee, USA, The Diamondbacks, Chicago Cubs, National League, Miami Marlins, Diamondbacks, Yankees, Arizona, Thomson Locations: Bronx , New York, USA, Arizona, New York

☆ A 31-year market vet shares 2 signals that show a recession is still on the way — and warns the S&P 500 still has 48% downside as valuations remain near the richest levels in history
▼ + stars: | 2023-09-23 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

One is that the Institute for Supply Management's Purchasing Managers' Index continues to show signs of slowing economic growth. "Real GDI has never fallen three quarters in a row without the economy being in a recession," Wolfenbarger said. This partially informs his call for the S&P 500 to fall to around 2,250, which would represent 48% downside from current levels. When it comes to Wolfenbarger's 48% sell-off call, it's well outside the mainstream of where strategists see stocks going. With valuations high, a meaningful recession could make that three times, as Wolfenbarger is warning.

Persons: Jon Wolfenbarger, Merrill Lynch, Wolfenbarger, Costa, Louis, Warren Buffett Organizations: JPMorgan, Bull, Institute for Supply Management's, Crescat, Federal Reserve Bank of St, downturns . Federal Reserve Bank of St Locations: downturns .

ISTANBUL (AP) — Turkey’s central bank raised its key interest rate by 5 percentage points Thursday, another large but expected hike that signals a continued push toward more traditional economic policies under President Recep Tayyip Erdogan. The Turkish central bank started cutting rates in late 2021 under pressure from Erdogan. Before their appointments, the central bank had cut its key interest rate from around 19% in 2021 to 8.5% earlier this year. Erdogan has fired three central bank governors who resisted pressure to cut rates before appointing Erkan’s predecessor in 2021. Following Erkan’s appointment, the bank has raised its key rate a series fo time: by an aggressive 7.5 percentage points in August, 2.5 percentage points in July and 6.5 percentage points in June.

Persons: Recep Tayyip Erdogan, Erdogan, Merrill Lynch, Mehmet Simsek, Hafize Gaye Erkan, Erkan’s Organizations: U.S . Federal Reserve, Bank of England, U.S Locations: ISTANBUL, Turkey, Turkish, Erdogan, Central, Ukraine

☆ MLB roundup: Corbin Carroll makes rookie history as D-backs roll
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +13 min

Willi Castro homered and had two hits and two runs scored, Christian Vazquez had a double among his two hits. However, he surrendered six runs on seven hits. Giolito (8-14) allowed four runs (three earned) on seven hits over 5 1/3 innings, walking three with six strikeouts. Senga (12-7), a standout MLB rookie after playing pro ball in Japan from 2012 to 2022, allowed seven hits, two walks and two runs with three strikeouts. He held the Cardinals to one run on four hits in six innings while striking out four and walking two.

Persons: Corbin Carroll, Matt Kartozian, Phoenix . Carroll, Merrill Kelly, Ketel Marte, Christian Walker, Gabriel Moreno, Logan Webb, Mauricio Dubon, Danny Coulombe, Yainer Diaz, Chas McCormick, Dubon, Ryan Pressly, Jorge Polanco, Hunter Greene's, Willi Castro, Christian Vazquez, Jhoan Duran, Griffin Jax, Alexis Diaz, Bryson Stott, Stott's, A.J, Minter, Nick Castellanos, Kevin Gausman, Michael King, Ji Man Choi, San Diego, Luis Garcia, Josh Hader, Brendan Rodgers, Hader, Chase Anderson, Brandon Drury, Nolan Schanuel, Andrew Wantz, Reid Detmers, Manuel Margot, Isaac Paredes, Yandy Diaz, Aaron Civale, Lane Thomas, Washington's Joey Meneses, Dominic Smith, CJ Abrams, Josiah Gray, Andrew Vaughn, Nelson Velazquez, Velazquez, Lucas Giolito, Angel Zerpa, Joshua Palacios, Connor Joe, Joe, Jared Triolo, Ke'Bryan Hayes, Justin Steele, Mitch Keller, Adam Duvall, Bobby Dalbec, Brayan Bello, Jonah Heim, Mitch Garver, Marcus Semien, Josh Jung, Evan Carter, Reese Olson, Tyler Nevin, Carson Kelly, Kerry Carpenter, Olson, Max Muncy, Bobby Miller, Mark Vientos, Brandon Nimmo, Luis Arraez, Jake Burger, Burger, Dominic Canzone, George Kirby, Canzone, Joey Estes, Julio Rodriguez, Cal Raleigh, Estes, Josh Donaldson, Tyrone Taylor, Louis, Mark Canha, Adrian Houser, Zack Thompson Organizations: Arizona Diamondbacks, San Francisco Giants, Chase, Diamondbacks, Arizona, Giants, Chicago Cubs, National League West, Los Angeles Dodgers, Astros, Orioles, Houston, American League West, Baltimore, AL East, Tampa Bay, Rays, Reds, Cincinnati, Minnesota, Kansas City, American League Central, Phillies, Braves, Philadelphia Phillies, Atlanta Braves, National League East, Blue Jays, Yankees, Toronto, Texas Rangers, Seattle Mariners, American League, Padres, San, Rockies, Los Angeles, Tampa, White Sox, Chicago, Nationals, Royals, Cleveland, Cubs, Pittsburgh, Pirates, Rangers, Red Sox, Boston, Texas, Tigers, Dodgers, Detroit, Los, National League, Mets, Marlins, Miami, New, MLB, NL, Mariners, Athletics, Seattle, Oakland, Seattle's, AL West, Houston Astros, Cal, Triple, Brewers, Cardinals, National League Central, Thomson Locations: Phoenix , Arizona, USA, Phoenix ., Minnesota, Toronto, New York, Bronx, Colorado, St . Petersburg, Fla, Tampa, Tampa Bay, Washington, Kansas, Texas, Arlington , Texas, Boston, Los Angeles, California, South Florida, Japan, Miami, Milwaukee

☆ Ignore the Fed's inflation warning as it often gets things wrong, says top economist David Rosenberg
▼ + stars: | 2023-09-21 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Ignore the Fed's warning that interest rates may stay higher for longer, David Rosenberg said. The Fed misjudged the dot-com and housing bubbles as well as the inflation spike last year, he said. However, investors should ignore his messaging given the central bank's long history of getting things wrong, David Rosenberg says. Rosenberg was highlighting that, only two years ago, the Fed expected its benchmark interest rate to be under 1% at the end of 2023. The veteran economist has repeatedly sounded the alarm on the delayed impact of raising interest rates.

Persons: David Rosenberg, Jerome Powell, Rosenberg, Powell, Merrill Lynch, Ooops, Lucy, where's Organizations: Fed, Service, Rosenberg Research, North Locations: Wall, Silicon, North American

☆ Watch CNBC's full interview with BofA Private Bank's Chris Hyzy
▼ + stars: | 2023-09-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with BofA Private Bank's Chris HyzyChris Hyzy, Merrill and Bank of America Private Bank chief investment officer, joins 'Closing Bell' to discuss the Fed's rate hikes, market choppiness, and where investors can find opportunities.

Persons: Chris Hyzy Chris Hyzy Organizations: BofA, Bank of America Private Bank Locations: Merrill

☆ A legendary economist who called the 2008 recession says another downturn is knocking on the door — and warns stocks will end up falling 40% by the end of this market cycle
▼ + stars: | 2023-09-16 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Legendary economist Gary Shilling says the US economy is headed toward a recession — that is, if we're not already in one. "The Fed wants to make sure they've killed inflation," Shilling said. Shilling, who called the 2008 recession, pointed out that recessions sometimes don't start until the Fed has already begun to cut rates. The Federal Reserve Bank of St. LouisTrusted recession indicators are also signaling that a downturn is coming, Shilling said. The Conference BoardAs a result of the recession, Shilling expects stocks to fall significantly.

Persons: Gary Shilling, we're, It's, Shilling, Merrill Lynch, David Rosenberg, Louis, they're, Jeremy Grantham, John Hussman, Albert Edwards, Edwards Organizations: Federal Reserve, Fed, Federal Reserve Bank of St, Conference, Societe Generale Locations: there's

☆ D-backs look to avoid another series loss to Mets
▼ + stars: | 2023-09-14 | by ( Field Level Media | ) www.reuters.com time to read: +3 min

September 14 - The New York Mets' three-game sweep at Arizona in early July helped send the Diamondbacks into a spiral that nearly ruined their season. The visiting Diamondbacks will look to salvage an important split of a four-game series Thursday afternoon when they face the Mets in the final clash of the season between the teams. "We can't do anything other than come out and win a baseball game (Thursday) and split the series," Diamondbacks manager Torey Lovullo said. The nine-game skid completed a 7-25 stretch dating back to July 2 -- two days before the Mets earned an 8-5 win in the opener of a three-game series in Phoenix. Senga also didn't factor into the decision on Friday after giving up two runs over six innings in the Mets' 5-2 loss at Minnesota.

Persons: Merrill Kelly, Senga, Joey Lucchesi, Pete Alonso, Torey Lovullo, we've, Max Scherzer, Justin Verlander, Lucchesi, Jose Butto, Ronny Mauricio, Francisco Alvarez, Mark Vientos, Vientos, Kelly Organizations: New York Mets, Diamondbacks, Mets, Arizona, Detroit Tigers, Reds, National League, San Francisco Giants, Miami Marlins, NL, New, Chicago Cubs, Minnesota, Thomson Locations: Arizona, Phoenix ., New

☆ Mets pile on Diamondbacks, take three of four in series
▼ + stars: | 2023-09-14 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/43] Sep 14, 2023; New York City, New York, USA; New York Mets pitcher Kodai Senga (34) and catcher Francisco Alvarez (4) walk in from the bullpen prior to the game against the Arizona Diamondbacks at Citi Field. Mandatory Credit: Gregory Fisher-USA TODAY Sports Acquire Licensing RightsSeptember 14 - Kodai Senga combined with two relievers on a four-hitter Thursday afternoon as the host New York Mets damaged the Arizona Diamondbacks' wild-card hopes with an 11-1 win. Jeff McNeil (home run), Brandon Nimmo (double) and DJ Stewart (single) all had two-RBI hits for the Mets (68-78), who won the last three games of the four-game series. The loss Thursday cost the Diamondbacks (76-72) a chance to regain sole possession of the third and final National League wild-card spot. Kelly set down the first six Mets in order before walking the first three batters of the third.

Persons: Kodai Senga, Francisco Alvarez, Gregory Fisher, Kodai, Jeff McNeil, Brandon Nimmo, DJ Stewart, Pete Alonso, Jonathan Arauz, Merrill Kelly, Emmanuel Rivera, Ketel Marte, Tommy Pham, Senga, Christian Walker, Phil Bickford, Jake McCarthy, Jeff Brigham, Kelly, Nimmo, Walker, Francisco Lindor, Alonso, Stewart, Lindor, McNeil, Arauz Organizations: New York Mets, Arizona Diamondbacks, Citi Field, USA, Mets, Diamondbacks, National League, Cincinnati Reds, Detroit Tigers, Senga, Thomson Locations: New York City , New York, USA, Arizona, grounders

☆ Citigroup's business heads in revamped structure
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +3 min

The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. He is an alum of the London Business School and the London School of Economics. In 2021, he became the global head of Citi's treasury and trade solutions arm. ANDY SIEG, WEALTH The incoming head of Citi's wealth management unit starts on Sept. 27, after running Bank of America's powerhouse Merrill Lynch Wealth Management division since 2017. He was previously the head of the consumer bank in Asia and Europe, Middle East and Africa.

Persons: Chris Helgren, Jane Fraser, SHAHMIR, Khaliq, Fraser, ANDREW MORTON, Morton, Lehman, PETER BABEJ, ANDY SIEG, Merrill, GONZALO LUCHETTI, Niket, Lananh Nguyen, Chizu Organizations: Citigroup Inc, Citi, REUTERS, Citigroup, London Business School, London School of Economics, Morton, Heath, Lehman Brothers, Citi Asia Pacific, Deutsche Bank, Lazard, of America's, Merrill Lynch Wealth Management, JPMorgan Chase, Bain & Company, Thomson Locations: Toronto , Ontario, Canada, Fraser, Jarrow, Asia, Europe, Middle East, Africa, Bengaluru

ANKARA, Turkey (AP) — Turkish President Recep Tayyip Erdogan, long a proponent of cutting interest rates, now supports his advisers’ economic plan that includes raising rates, a member of his economic team said Thursday. In a theory that runs contrary to traditional economic thinking, Erdogan has long pressured Turkey's central bank governors to lower rates. After winning reelection in May, however, Erdogan appointed a new economic team, including two accomplished bankers, signaling a turn to more conventional policies. Political Cartoons View All 1146 ImagesIn recent years, Erdogan fired three central bank governors for failing to fall in line with his rate-cutting policies. "We will continue with the tightening process with all our means until we reach a significant improvement in inflation," Erkan said.

Persons: Recep Tayyip Erdogan, Erdogan, ”, Mehmet Simsek, Merrill Lynch, Hafize Gaye Erkan, Erkan, “ Organizations: Bank Locations: ANKARA, Turkey, Turkish, San Francisco

☆ August Jobs Report U.S. Job Growth Expected to Cool
▼ + stars: | 2023-09-01 | by ( Lydia Depillis | Joe Rennison | ) www.nytimes.com time to read: +2 min

Forecasters believe that trend continued in August, estimating that the Labor Department’s monthly report on Friday will show the addition of 170,000 jobs. That would be a decrease from the 218,000-job average over the previous three months, and closer to the number needed to employ the approximately 140,000 people who enter the labor force each month. But analysts say the Federal Reserve’s push to cool rapid inflation by ratcheting up borrowing costs — and the impact on hiring — has a ways to go. Immigrants work at higher rates than the American-born population, in which labor force participation is declining as people age into retirement. Already, Americans are feeling the difference: In the Conference Board’s reading of consumer sentiment for August, the share of workers saying jobs were “hard to get” increased sharply, while the share saying jobs were “plentiful” fell.

Persons: —, ’ ”, Stephen Juneau, Bank of America Merrill Lynch, “ There’s, we’ve Organizations: Labor, Bank of America Locations: American, ”

The Standard Chartered bank logo is seen at their headquarters in London, Britain, July 26, 2022. The change in CFO will not likely impact Winters' departure timing greatly, Britzman said, with the StanChart CEO more focused on hitting the lender's key performance goals. De Giorgi previously held senior roles at Bank of America Merrill Lynch, including head of global investment banking. Before then, he worked in equity capital markets and financial institutions at Goldman Sachs (GS.N), rising to become chief operating officer for the investment bank by the time of his departure in 2012. That long period of underperformance has seen the bank's shares fall nearly 30% since Winters took over as CEO in June 2015.

Persons: Peter Nicholls, Diego De Giorgi, Andy Halford, De Giorgi, Halford, Matt Britzman, Hargreaves, Bill Winters, Frederic Oudea's, Winters, Britzman, We've, Bank of America Merrill Lynch, Goldman Sachs, Joe Dickerson, StanChart, underperformance, Iain Withers, Lawrence White, Radhika Anilkumar, Bernadette Baum, David Holmes Organizations: Chartered, REUTERS, Bank of America, Pegasus, British, Societe Generale, Goldman, Jefferies, Thomson Locations: London, Britain, Pegasus Europe, Asia, Africa, Bengaluru

☆ Stocks are poised to tumble - and many Americans are 'prisoners in their own homes' after mortgage rates soared, top economist David Rosenberg says
▼ + stars: | 2023-08-29 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Stocks are set to slump and many Americans are "prisoners in their own homes," David Rosenberg says. Rising rates have driven up mortgage costs, deterring many sellers, the economist says. The Rosenberg Research president laid out several reasons why he believes asset prices have soared to unsustainable highs. The central bank might keep forging ahead with further hikes to interest rates as a result, turning the screw on the stock market and the economy, he said. He underlined the Fed's decision to cut interest rates to almost zero in 2020 and 2021, which allowed homeowners to lock in long-term mortgages at rates of 2% to 3%.

Persons: David Rosenberg, Cash, Rosenberg, Merrill Lynch Organizations: Service, Rosenberg, North, Fed, New York Stock Exchange, Nasdaq Locations: Wall, Silicon, North American

☆ Canadian economy set to show marked slowdown in second quarter, giving central bank cause to pause
▼ + stars: | 2023-08-27 | by ( Fergal Smith | ) www.reuters.com time to read: +3 min

[1/2] Condominium and office towers are seen on the mountain-backed skyline of Vancouver, British Columbia, Canada September 30, 2020. The GDP report will be the last major piece of domestic data before the Canadian central bank makes its next policy decision on Sept. 6. The central bank has said it would study economic data closely before determining whether it raises interest rates further. The BoC has projected 1.5% growth for the third quarter, matching its second-quarter estimate. Some argue that the composition of growth in the second-quarter data, including the split between internal and external demand, could also be a consideration.

Persons: Jennifer Gauthier, Carlos Capistran, Bank of America Merrill Lynch, Benjamin Reitzes, we've, Stephen Brown, Andrew Grantham, Fergal Smith, Denny Thomas, Jonathan Oatis Organizations: REUTERS, Rights, Bank of Canada, BoC, Bank of America, BMO Capital Markets, Money, North, Capital Economics, CIBC Capital Markets, Thomson Locations: Vancouver , British Columbia, Canada, Canadian, Mexico, North America

☆ Maui wildfires: Nearly 400 remain unaccounted for in Maui after deadly wildfires, FBI-curated list shows -- a big decline from prior estimates
▼ + stars: | 2023-08-25 | by ( Michelle Watson Kelly Mccleary Cheri Mossburg Anna-Maja Rappard Natasha Chen | Michelle Watson | Kelly Mccleary | ) edition.cnn.com time to read: +17 min

Search crews and cadaver dogs have searched 100% of single-story homes in the disaster area, Maui County officials said Tuesday. Sarah Salmonese sits where her apartment once stood in Lahaina, Hawaii, on Friday, August 11. “Our primary focus in the wake of this unimaginable tragedy has been to do everything we can to support not just the people of Maui, but also Maui County. Hawaiian Electric Company serves 95% of the state’s customer base. CNN has reached out to Maui County and the Maui Police Department for comment on Krau’s claims.

Persons: who’s, “, John Pelletier, Josh Green, geolocating, Steven Merrill, Sarah Salmonese, Go Nakamura, Ken Alba, Jae C, Yuki Iwamura, Patrick T, Fallon, Bryan Anselm, Mike Blake, Matthew A, Foster, Rick Bowmer, Lauren Haley, Makalea Ahhee, Justin Sullivan, Max Whittaker, Zoltan Balogh, Robert Gauthier, Mengshin Lin, Evelio Contreras, CNN Vixay Phonxaylinkham, Lana, Phonoxaylinkham, Marco Garcia, Claire Rush, Myrna Ah Hee, Sui, Ty O'Neil, Ku'u Kauanoe, ZUMA, Matthew Thayer, John Moore, it’s, Jim Kelly, ”, Darren Pai, “ inexcusably, John Fiske, ‘, Nicholas Krau, ” Krau, Krau Organizations: CNN, FBI, ” Police, ”, Analysis, New York Times, Getty, Reuters, Staff, US Army National Guard, Maui Police, Facility, AP Volunteers, Grace Baptist, Volunteers, Los Angeles Times, AP, Washington Post, Kahului Airport, Technologies, Kahului, AP Helicopters, Hawaii Army National Guard, Hawaii National Guard, Reuters Residents, ZUMA Passengers, Maui News, Hawaiian Electric, Hawaiian Electric Company, ATF, Electric, National Weather Service, Watch, State of Hawaii Organization of Police, Maui Police Department Locations: Maui, Maui County, ” Hawaii, Lahaina –, Hawaii, Lahaina , Hawaii, Lahaina, AFP, Wahikuli, Wailuku, Kula , Hawaii, Kula, Kihei, West Maui, Grace, Napili, Honokowai, Honolulu, Maalaea, Kahului, California, Las Vegas, Church, Lahaina Hongwanji, Olinda

☆ MLB roundup: Red Sox ring up 24 hits, pummel Astros 17-1
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +7 min

All nine batters in Boston's starting lineup recorded at least one RBI and at least one of the club's season-high 24 hits. The offensive showcase provided more than enough run support for Red Sox starter Brayan Bello (10-7), who gave up one run on nine hits in seven innings. Mauricio Dubon doubled twice for the Astros, who went 1-for-12 with runners in scoring position and left 11 men on base. Rays 5, Rockies 3Josh Lowe hit a go-ahead, two-run homer in the eighth inning, helping host Tampa Bay complete a series sweep of Colorado. Palacios hit a two-run home run and Ji Hwan Bae added an RBI single for the Pirates, who have lost two straight.

Persons: Wilyer Abreu, Pablo Reyes, Erik Williams, Abreu, Connor Wong, Alex Verdugo, Brayan Bello, Alex Bregman, Mauricio Dubon, Mookie Betts, Freddie Freeman, Enrique Hernandez, Michael Busch, Corbin Carroll, Gabriel Moreno, Merrill Kelly, Miguel Castro, Alex Young, Brandon Williamson, Josh Lowe, Randy Arozarena, Matt Koch, Lowe, Alex, Tommy Kahnle, Jake Alu, CJ Abrams, Joey Meneses, Aaron Judge, Patrick Corbin, Gleyber Torres, Ryan Jeffers, Jeffers, Will Smith's, Carlos Correa, Josh Sborz, Michael A, Taylor, Royce Lewis, Kyle Farmer, Ian Happ's, Cody Bellinger, Nico Hoerner, Jeimer Candelario, Justin Steele, Connor Joe's, Adbert Alzolay, Joshua Palacios, Palacios, Ji Hwan Bae, Zack Gelof, Shea Langeliers, Brent Rooker, Tony Kemp, Kemp, Luis Robert Jr, Elvis Andrus, Kyle Gibson, Anthony Santander, Cedric Mullins, Adley Rutschman, Gibson, Felix Bautista Organizations: Boston Red Sox, Houston Astros, Red Sox, Boston, Boston's, Astros, Dodgers, Cleveland, Angeles, The Dodgers, Diamondbacks, Reds, Arizona, Cincinnati, National League, Rays, Rockies, Tampa, Nationals, Yankees, skidding, Rangers, Minnesota, Texas, American League Central, Cubs, Pirates, Chicago, Pittsburgh, Athletics, White Sox, Oakland, Orioles, Blue Jays, Baltimore, Toronto, Thomson Locations: Houston , Texas, USA, Houston's, Angeles, Los Angeles, Phoenix, Cincinnati, Tampa, Colorado, Washington, skidding New York, Kahnle, Minneapolis, Minnesota, Chicago, punctuate

☆ Nvidia CEO predicts $1 trillion will be spent over 4 years upgrading data centers for AI. A lot of that bill will probably be paid by Amazon, Google, Microsoft, and Meta.
▼ + stars: | 2023-08-24 | by ( Alistair Barr | ) www.businessinsider.com time to read: +4 min

"There's about $1 trillion worth of data centers, call it, a quarter of a trillion dollars of capital spend each year," he said. "So, what is giving you the confidence that they can continue to carve out more of that pie for generative AI? And that trillion dollars of data centers is in the process of transitioning into accelerated computing and generative AI. And so, what you're seeing, all of a sudden enabled by generative AI, enabled by accelerated computing, generative AI came along. AdvertisementAdvertisement"There's about $1 trillion worth of data centers, call it, a quarter of a trillion dollars of capital spend each year.

Persons: Jensen Huang, it's, " Jensen, Vivek Arya, Bank of America Merrill Lynch Organizations: Nvidia, Google, Microsoft, Morning, Meta, Bank of America

☆ Hawaii wildfires: More than 1,000 people reported missing in Maui weeks after blaze
▼ + stars: | 2023-08-23 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Law enforcement officials in Maui are racing to locate more than 1,000 people who are reported as missing, two weeks after the catastrophic wildfires began that destroyed the town of Lahaina. Maui County officials previously said 850 people were missing on Sunday. The FBI is helping the Maui Police Department go through multiple lists of missing persons from different agencies to determine who is truly unaccounted for. Law enforcement has located 1,400 people so far out of an initial number of 2,500 people reported missing, Merrill said. Search teams have gone through 100% of the single-story homes in Lahaina and are now combing multistory residential and commercial buildings in the disaster zone, according to Maui County officials.

Persons: Nicholas Bartel, Eddie Ruiz, Harper, Steven Merrill, John Pelletier, Merrill Organizations: Federal Bureau of Investigation, . Maui Police, FBI, Maui Police Department Locations: Lahaina, Maui, Maui County

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