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☆ The 6 Kinds of Republican Voters
▼ + stars: | 2023-08-17 | by ( Nate Cohn | ) www.nytimes.com time to read: +15 min

But if the Republican Party is no longer in Reagan’s image, it’s not necessarily a populist-conservative MAGA monolith, either. But if the Republican Party isn’t quite a MAGA monolith, what is it? The groups were defined by how Republican-leaning voters felt on the issues — not how they felt about Mr. Trump. In fact, Mr. Trump leads Mr. DeSantis among every group of Republican voters identified in the analysis. They’re the smallest group of Republicans today, but this group of relatively moderate but anti-woke voters might play an important role in the Republican Party in the years ahead.

Persons: Donald J, Trump, Ronald Reagan’s, it’s, MAGA, Trump’s, Mr, They’re, ” They’re, it’s Mr, ”, —, Trump’s MAGA, don’t, Ron DeSantis, Susan Collins, Charlie Baker, Chris Sununu, Reagan, Bush, Biden, John Kasich, Marco Rubio, DeSantis, Rick Perry, Tim Scott, Rubio, John McCain, Mitt Romney, Romney, Liz Cheney, Roe, Wade, Ted Cruz, Newt Gingrich Trump, It’s, likeliest, Cruz, Rudy Giuliani, Paul LePage, Lou Barletta, Michael Grimm Trump, ” Reagan, Rand Paul, Jason Chaffetz, Dave Brat Trump, Vivek Ramaswamy, President Biden, they’re, “ Organizations: Right, Libertarian Conservatives, Moderate, Republican Party, New York Times, Siena College, Republican, Times, Mr, Conservatives, Fox, Trump, Blue, Trump Republican Party, Freedom Caucus, Fox News, Trump —, Republicans, Radicals, ” Reagan Democrats, Obama, Trump voters, President Locations: Ukraine, Siena, America, New York City, It’s

☆ Fed officials fretted US inflation might not cool further unless economy slows down
▼ + stars: | 2023-08-16 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

Washington, DC CNN —Federal Reserve officials were wary that inflation would slow further unless the US economy and labor markets also cool down, according to minutes from their July policy meeting released on Wednesday. There have only been two meetings in which Fed officials dissented with a decision since the central bank began lifting rates in March 2022. “Inflation is still significantly above” the Fed’s 2% target, Fed Governor Michelle Bowman said earlier this month. The surprising economic strength this summer raised optimism among investors and Fed officials that the US economy can avoid a recession or a sharp uptick in unemployment as inflation continues to slow. Fed economists are in fact no longer projecting a recession, according to the minutes, which Fed Chair Jerome Powell divulged in his post-meeting news conference last month.

Persons: It’s, “, Michelle Bowman, dovish, Patrick Harker, ”, Quincy Krosby, Jerome Powell Organizations: DC CNN — Federal Reserve, Fed, Philadelphia Fed, LPL, Commerce Department, Research, Federal Reserve Bank of San Locations: Washington, June’s, Atlanta, Federal Reserve Bank of San Francisco

☆ How to sell on TikTok Shop
▼ + stars: | 2023-08-16 | by ( Marta Biino | ) www.businessinsider.com time to read: +5 min

TikTok is investing heavily into e-commerce with its TikTok Shop program. TikTok is investing heavily into e-commerce with its TikTok Shop program, and it's offering perks to brands and creators who join. Read about what TikTok Shop can offer brands, according to an exec who spearheads the programTikTok / Maryam Malik / Lissette CalveiroHow to start a TikTok Shop as a sellerBrands can join TikTok Shop by applying on the platform's website. What TikTok Shop offers sellersAs TikTok worked to woo merchants, it began offering perks such as free shipping and discounts for new sellers. On TikTok Shop, creators earn money through affiliate commissions.

Persons: Read, Sellers, Maryam Malik, Lissette, TikTok, Adam Beswick, It's, they've Organizations: Center, Brands, Merchants Locations: Here's, Ecwid

☆ In the Market: Funds fret over the fallout of Biden's China order
▼ + stars: | 2023-08-14 | by ( Paritosh Bansal | Thomson Reuters | Paritosh Oversees The Work Of More Than Journalists Across The Globe Who Write About Finance | ) www.reuters.com time to read: +6 min

The executive order along with anti-China moves by lawmakers and agencies means the overall policy is unclear and riddled with landmines. "It will be very important to monitor how this executive order is being received in Congress." The executive order affects venture funds and private equity firms that invest in Chinese companies in semiconductors and microelectronics, quantum information technologies and artificial intelligence. MORE RESTRICTIONSSome of the investors said the administration's approach in framing the executive order had been more consultative. U.S. Representative Maxine Waters, Biden's fellow Democrat, said on Friday the executive order and rulemaking on outbound investment must be "broadened and strengthened."

Persons: Florence Lo, Biden, Anthony Rapa, Blank, Blackrock, MSCI, Maxine Waters, Paritosh Bansal, Andrea Shalal, Laura Matthews, Anna Driver Organizations: REUTERS, Fund, Investors, Blackrock, U.S, Chinese Communist Party, The, Vanguard, Morningstar, Blackrock's, Reuters Graphics Reuters, Thomson Locations: China, U.S, Beijing, Washington, MSCI, New York

☆ Europe wants China in its corner on Ukraine. But their relations are a tricky balancing act
▼ + stars: | 2023-08-12 | by ( Luke Mcgee | ) edition.cnn.com time to read: +10 min

CNN —European officials took some small comfort when China attended a summit in Jeddah, Saudi Arabia, last weekend. The only downside is how it makes others think about China.”It’s no secret that China’s relationship with Europe has become tetchy. Multiple officials explained to CNN that the relationship with China is in a sort of stasis that tries to balance what Europe needs versus what Europe wants. Europe still imports vastly more from China than it exports, a reflection of the level of dependency it has on China. In 2023, European officials know that China represents a major security concern and that becoming overly dependent on China is a risk.

Persons: it’s, Vladimir Putin, “, ”, Wang Yi, Sergey Lavrov, Putin, China’s Xi Jinping, It’s, Russia –, Moscow’s, ” Alicja, €, Ursula von der Leyen, Xi Jinping, Emmanuel Macron, Jacques Witt, they’re, Sam Goodman, Goodman, Charles Parton Organizations: CNN, EU, “, Russia, Saudi Press Agency, Reuters, European Council, Foreign Relations, Europe, Investment, Beijing, European Commission, East, Risks Institute, Putin’s, Huawei Locations: China, Jeddah, Saudi Arabia, Ukraine, Beijing, Russia, Russian, Alaska, Europe, Washington, Brussels, Eurasia, Taiwan, France, Germany, Spain, Guandong, Guangzhou, Reuters Brussels, West, Putin’s Moscow, America

☆ US investors flag retaliation risks after Biden's China tech curbs
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +4 min

But several portfolio managers said the bigger worry was whether China would strike back, as it has in the past. "It is naïve to think that there won't be some type of retaliation from China," said Tom Plumb, CEO of mutual fund Plumb Funds. China could restrict exports of rare earths used in consumer electronics, electric vehicles, and other components, or target other U.S. technology companies, Plumb said. SELF-SUFFICIENCYChina hawks in Washington say American investors have transferred capital and valuable know-how to Chinese technology companies that could help advance Beijing's military capabilities. Phillip Wool, a co-portfolio manager of Rayliant Quantamental China Equity ETF, said U.S.-China tensions were causing investors to miss out on China growth.

Persons: Florence Lo, Joe Biden's, Biden, Rick Meckler, Tom Plumb, Plumb, Michael Ashley Schulman, Phillip Wool, Shashwat Chauhan, Amruta, Chibuike Oguh, Laura Matthews, Herbert Lash, Davide Barbuscia, Michelle Price, Grant McCool Organizations: REUTERS, Cherry Lane Investments, China Exchange, Wall, Micron Technology, U.S, Funds, Reuters, Running, Capital Advisors, China Equity, Thomson Locations: China, U.S, Beijing, New Jersey, Washington, Rayliant

☆ Fed doves, Fed hawks: a look at how U.S. central bankers fly
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +2 min

The following graphic offers a stab at how officials stack up on their outlook for Fed policy and how to balance their goals of stable prices and full employment. Note: Fed policymakers have been driving up borrowing costs since March 2022 to bring down high inflation, and in July they increased the target policy rate range to 5.25%-5.5%. Longtime banker Jeff Schmid starts as Kansas City Fed president Aug. 21, and will be a voter in 2025. St. Louis Fed President James Bullard, a vocal policy hawk, left the Fed in July for a job in academia; the new chief will be a 2025 voter. Reporting Ann Saphir, Howard Schneider, Michael S. Derby and Dan Burns; Editing by Andrea RicciOur Standards: The Thomson Reuters Trust Principles.

Persons: Jeff Schmid, Louis, James Bullard, Ann Saphir, Howard Schneider, Michael S, Dan Burns, Andrea Ricci Organizations: Federal Open, New York Fed, Kansas City Fed, Louis Fed, Fed, Derby, Thomson Locations: Kansas, St

[1/2] The logo of Russian technology giant Yandex is on display at the company's headquarters in Moscow, Russia December 9, 2022. Maksut Shadaev, the head of Russia's ministry of digital affairs, told parliament in December that around 100,000 IT specialists had left Russia in 2022. It is not yet clear whether Volozh's comments may have any bearing on how Russia decides to proceed with the company. One of the sources said "hawks" in state companies believed nothing at all should be paid to foreigners. Two sources said VTB had never been a serious option as a buyer, given sanctions on the state lender.

Persons: Yandex, Maksut Shadaev, Ramzan Kadyrov, Arkady Volozh, Andrei Kostin, VTB, Alexei Kudrin, Alexander Marrow, Polina Devitt, Mike Collett, White, Susan Fenton Organizations: REUTERS, nationalising Nasdaq, Reuters, Yandex NV, Yandex, U.S, Kremlin, Thomson Locations: Moscow, Russia, nationalising, Ukraine, Serbia, Yandex

"The situation is already very bad for dollar-based funds to invest in China's tech sector. There isn't much room for things to get worse," said Beijing-based China Growth Capital partner Wayne Shiong. Biden's move will likely make China-focussed venture capital firms feel more urgency to raise yuan funds from Chinese investors, he said. In response to Biden's executive order, China's commerce ministry said it was "gravely concerned" and reserved the right to take countermeasures. But the executive order is barely going to do anything, and China escalating would risk turning a molehill into a mountain."

Persons: Florence Lo, Joe Biden's, Donald Trump, Weiheng Chen, Wilson Sonsini, Biden, Chen, Wayne Shiong, Biden's, Yuan, Pan, Trump, Derek Scissors, Kane Wu, Michael Martina, Roxanne Liu, Ziyi Tang, Yantoultra, Sumeet Chatterjee, William Mallard Organizations: REUTERS, U.S, Reuters Graphics Reuters, China Growth Capital, Chinese Academy of Social Sciences, TECH, Hua Hong Semiconductor, Analysts, American Enterprise Institute, Thomson Locations: China, U.S, HONG KONG, WASHINGTON, Beijing, Washington, Shanghai, Hong Kong, Singapore, Bengaluru

☆ Robbie Robertson, 80, Dies; Canadian Songwriter Captured American Spirit
▼ + stars: | 2023-08-09 | by ( Jim Farber | ) www.nytimes.com time to read: +2 min

Mr. Hawkins saw enough in Mr. Robertson to write two songs with him, which he recorded, and he later invited the teenage guitarist to join his band, the Hawks, initially on bass. The Hawks also included Levon Helm on drums; by 1961, the other future members of the Band were also in the fold. While he initially refused, he did perform with Mr. Dylan in New York and Los Angeles, bringing along Mr. At the guitarist’s insistence, Mr. Dylan wound up hiring most of the other future members of the Band for the full tour. “This album was recorded in approximately two weeks,” another close Dylan associate, Al Kooper, wrote in a review in Rolling Stone.

Persons: Hawkins, Robertson, Levon Helm, Levon, Bob Dylan, Dylan, Helm, ”, Mr, “, Al Kooper, Joan Baez Organizations: Hawks, Roulette Records, Atco, Big Pink, Billboard Locations: New York, Los Angeles, Woodstock, Stone

☆ Robbie Robertson, songwriting force in rock group The Band, dies at 80
▼ + stars: | 2023-08-09 | by ( Matthew Lewis | ) www.reuters.com time to read: +6 min

[1/2] Musician Robbie Robertson arrives for the gala presentation of his biopic "Once Were Brothers: Robbie Robertson and The Band" on opening night at the Toronto International Film Festival (TIFF) in Toronto, Ontario, Canada September 5, 2019. The Band included four Canadians - Robertson, Rick Danko, Garth Hudson and Richard Manuel - and was anchored by an Arkansas drummer, Levon Helm. Robbie Robertson later learned that his biological father was a man he described as a "card shark" of Jewish heritage named Alex Klegerman, who was killed in a highway hit-and-run accident before Robertson was born. Danko died at age 55 in 1999. Helm died of throat cancer in 2012.

Persons: Robbie Robertson, Mario Anzuoni, Robertson, Jared Levine, Robbie, Rick Danko, Garth Hudson, Richard Manuel, Levon Helm, Ronnie Hawkins, Bob Dylan, Martin Scorsese's, Helm, Danko, Manuel, Greil Marcus, Eric Clapton, Elton John, Walcott, Jaime Royal Robertson, Rosemarie Dolly Chrysler, Canadian Army enlistee, Jim Robertson, Alex Klegerman, Dylan, Clapton, Joni Mitchell, Neil Young, Van Morrison, Muddy Waters, Scorsese, Jodie Foster, Hudson, Matthew Lewis, Kanishka Singh, Diane Craft, Rosalba O'Brien Organizations: Toronto, Film, REUTERS, Canadian -, Hawks, Big, Beatles, Walcott Medicine, Canadian Army, Six Nations Indian Reserve, Canadian Broadcasting, Thomson Locations: Toronto , Ontario, Canada, Canadian - American, Los Angeles, Arkansas, Woodstock , New York, San Francisco, America, Toronto, Canadian, Mohawk, Cayuga, Ontario, Florida, Chicago, Washington

☆ Slower, but still strong US employment growth expected in July
▼ + stars: | 2023-08-04 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

The Labor Department's closely watched employment report on Friday is still expected to show a tight labor market, with the unemployment rate steady near multi-decade lows, though wage growth probably moderated. Nonfarm payrolls likely increased by 200,000 jobs last month, after rising 209,000 in June, according to a Reuters survey of 80 economists. Still, employment growth would be double the roughly 100,000 jobs per month needed to keep up with the increase in the working age population. Striking Hollywood writers and actors also likely had no impact on employment growth. Though annual wage growth remains too high to be consistent with the Fed's 2% inflation target, it would be the latest indication of wage pressures continuing to subside into the third quarter.

Persons: Elizabeth Frantz, Sam Bullard, Nonfarm, Carl Riccadonna, Sung Won Sohn, Veronica Clark, Lucia Mutikani, Diane Craft Organizations: REUTERS, Federal Reserve, Labor, Fed, BNP, Labor Department's Bureau of Labor Statistics, Institute for Supply, Labor Department, Conference, Finance, Loyola Marymount University, Citigroup, Thomson Locations: Arlington , Virginia, U.S, WASHINGTON, Wells, Charlotte , North Carolina, New York, Los Angeles

☆ Opinion | ‘Oppenheimer’ and the Shadow of Stalin
▼ + stars: | 2023-08-04 | by ( Ross Douthat | ) www.nytimes.com time to read: +3 min

So the point of reading McMeekin’s book is to give early Cold War anti-communism its due. Just this, “Stalin’s War” suggests: They saw Stalin clearly. Nor was Stalin any kind of naïve, unsuspecting victim of Hitler’s Barbarossa onslaught, as some historical clichés would have it. And these Soviet machinations benefited from the same mixture of philo-communism among New Deal liberals and outright Soviet espionage that shaped Oppenheimer’s milieu. As I said, McMeekin’s account is polemical, written as a corrective to other histories and open to counterarguments in turn.

Persons: Stalin, ”, Hitler, McMeekin, Hitler’s Barbarossa, Franklin Roosevelt, Winston Churchill, It’s Organizations: Soviet, New Deal, Soviet Union Locations: Nazi Germany, Tokyo, Japan, United States, Eastern Europe, East Asia, Baltic States, America, Soviet

☆ VIEW Bank of England raises rates for a 14th time
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +7 min

The BoE raised interest rates by 25 basis points to 5.25% and said high inflation meant it was unlikely to stop raising rates any time soon. However, with Thursday's decision, traders began to price in a lower peak in UK rates. MONEY MARKETS: Interest-rate derivatives showed traders believe UK rates will peak around 5.67% by March, compared with an expected peak of 5.73% in the run-up to the decision. Rising interest rates means higher borrowing costs, which will lead to larger monthly mortgage payments for many homeowners." The Bank of England remains committed to bringing inflation down, unfortunately raising interest rates is one of the only tools the Bank can use to sap demand out of the economy."

Persons: BoE, Sterling, VIVEK PAUL, we’ll, STUART COLE, JEREMY BATSTONE, CARR, RAYMOND JAMES, MARCUS BROOKES, ” SEEMA SHAH, Rishi Sunak, GILES COGHLAN, THOMAS PUGH, JOHN LEIPER, Amanda Cooper, Samuel Indyk Organizations: Bank of England, FTSE, BLACKROCK, LONDON, TOM HOPKINS, Bank of, RSM, Bank, EMEA, Thomson Locations: LONDON, EUROPEAN, U.S

☆ White House, Protecting Biden’s Economic Message, Hits Back on Credit Downgrade
▼ + stars: | 2023-08-03 | by ( Jim Tankersley | More About Jim Tankersley | ) www.nytimes.com time to read: +1 min

When the Fitch Ratings agency announced this week that it was downgrading its long-term credit rating of the United States from AAA to AA+, Biden administration officials were ready — and angry. Administration officials had been lobbying Fitch against the downgrade, which bewildered many economists but became immediate fodder for congressional Republicans and nonpartisan budget hawks to criticize the nation’s current fiscal direction. When the ratings agency went through with the move anyway, President Biden’s team mobilized a rapid response, with economic heavyweights inside and outside the administration criticizing the timing and substance of the announcement. The swift pushback was an effort to keep the downgrade from tarnishing Mr. Biden’s economic record amid a run of good news in key measures of the health of the American economy. And its aggressiveness reflected the critical importance of an improving economic outlook to Mr. Biden’s re-election campaign.

Persons: Biden, Fitch, Biden’s, Mr Organizations: Fitch, AAA, AA Locations: United States

☆ It Might Be Quitting Time for the Fed’s Rate Hawks
▼ + stars: | 2023-08-01 | by ( Justin Lahart | ) www.wsj.com time to read: 1 min

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/articles/it-might-not-be-quitting-time-yet-for-the-feds-rate-hawks-4159ee27

Persons: Dow Jones

☆ Euro zone inflation falls further in comforting sign for ECB
▼ + stars: | 2023-07-31 | by ( ) www.reuters.com time to read: +2 min

FRANKFURT, July 31 (Reuters) - Euro zone inflation fell further in July and most measures of underlying price growth also eased, in a largely comforting sign for the European Central Bank (ECB) as it considers ending its severe run of interest rate hikes. Consumer prices grew by 5.3% this month versus 5.5% in June, extending a downtrend that started in the autumn. "Services inflation is the area where monetary policy should have the greatest influence because it reflects domestic demand," Dirk Schumacher, an economist at Natixis said. Hawks could also point at hard data about growth, which showed the euro zone returned to growth in the second quarter of 2023 despite negative sentiment and activity polls. The weak survey data has continued to come in in recent days, fuelling talk of a recession in the euro area that the ECB is still hoping to avoid.

Persons: Frederik Ducrozet, Christine Lagarde, Dirk Schumacher, Natixis, Francesco Canepa, Peter Graff Organizations: European Central Bank, Pictet Wealth Management, ECB, Oxford, Thomson Locations: FRANKFURT

After raising interest rates again yesterday, the Federal Reserve now faces a tough decision. Any further increases in that benchmark rate, which is now at its highest level in 22 years, would heighten the risk of a recession, according to these economists. But other experts — the hawks — point out that annual inflation remains at 3 percent, above the level the Fed prefers. Unless Fed officials add at least one more interest rate increase in coming months, consumers and business may become accustomed to high inflation, making it all the harder to eliminate. For now, Jerome Powell, the Fed chair, and his colleagues are choosing not to take a side.

Persons: Jerome Powell, “ We’ve, ” Powell, ” Organizations: Federal Reserve Locations: U.S

☆ Fed raises interest rates, leaves door open to another increase - Reuters News
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +9 min

The rate hike, the Fed's 11th in its last 12 meetings, set the benchmark overnight interest rate in the 5.25%-5.50% range, and the accompanying policy statement left the door open to another increase. The Fed raised (the Fed funds target rate) by a quarter point and the vote was unanimous, and the move puts rates at a 22-year high." "We think recent data is consistent with the US policy rate peaking in July, as core CPI inflation slowed sharply in June. "Fed Chair Powell is going to suggest that for the time being that they need to assess more information for inflation. "Markets are for the most part becoming more confident the Fed won't have to raise rates in September.

Persons: GENNADIY GOLDBERG, J Powell, they've, They're, Powell, we've, ELLEN HAZEN, ” MICHAEL BROWN, JACK ABLIN, BRIAN JACOBSEN, MENOMONEE, ” PETER CARDILLO, Jackson, GURPREET GILL, GOLDMAN, QUINCY KROSBY, ” EDWARD MOYA, We'll, we'll Organizations: YORK, Federal Reserve, U.S, Treasury, Fed, Dow, Global Finance, Markets, Thomson Locations: U.S, WELLESLEY , MASSACHUSETTS, PALM BEACH , FLORIDA, WISCONSIN, GOLDMAN SACHS, CHARLOTTE, NORTH CAROLINA

Euro zone interest rates have risen 400 basis points in the last year to 3.5%, their highest in 22 years, and are now close to peaking as headline inflation cools and the economy weakens. 1/ How much will the ECB hike rates? "The ECB will hike again and anything else would be a major surprise," said RBC Capital Markets global macro strategist Peter Schaffrik. Reuters Graphics Reuters Graphics3/ When does the ECB expect core inflation to fall? Euro zone business activity stalled in June as a manufacturing recession deepened and a previously resilient services sector barely grew.

Persons: Silvia Ardagna, Peter Schaffrik, Christine, Lagarde, Massimiliano Maxia, Reinhard Cluse, Ruben Segura, BofA, Philip Lane, BofA's Segura, Naomi Rovnick, Stefano Rebaudo, Vincent Flasseur, Sumanta Sen, Pasit, Kripa Jayaram, Catherine Evans Organizations: European Central Bank, Barclays, ECB, Capital, Reuters, Allianz Global Investors, U.S . Federal, Reuters Graphics Reuters, UBS, Bank, Thomson Locations: Cayuela, Europe, London, Milan

☆ A 'momentous week' ahead as the Fed, ECB and Bank of Japan near pivot point
▼ + stars: | 2023-07-24 | by ( Elliot Smith | ) www.cnbc.com time to read: +7 min

Bloomberg | Bloomberg | Getty ImagesThe U.S. Federal Reserve, Bank of Japan and European Central Bank will all announce key interest rate decisions this week, with each potentially nearing a pivotal moment in their monetary policy trajectory. The Fed Each central bank faces a very different challenge. "The FOMC will, however, maintain a tight monetary policy stance to aid continued softening in demand and consequently, inflation." Several analysts over the past week have suggested that policymakers will remain "data dependent," but push back against any talk of interest rate cuts in the near future. ECB Chief Economist Philip Lane last month warned markets against pricing in cuts to interest rates within the next two years.

Persons: Goldman Sachs, Michael Cahill, Cahill, Steve Englander, Englander, Philip Lane, Paul Hollingsworth, Christine Lagarde, Hollingsworth Organizations: Bank of Japan, U.S, Bloomberg, Getty, . Federal Reserve, European Central Bank, ECB, Federal, Moody's Investors Service, Standard Chartered, Downside, Fed, BNP, Bank of Locations: U.S, North America, Bank of Japan, Japan

☆ Take Five: School's (not) out for summer
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +5 min

LONDON, July 21 (Reuters) - The peak holiday season is gearing up, but school's not quite out for summer in financial markets. Also in focus are earnings from some of the massive tech and growth stocks that have led markets higher this year. Reuters Graphics2/ SUMMER READINGBefore they go on their summer break, ECB policymakers have a well-flagged rate hike to deliver. Rate-setters' summer reading list just got longer. Second-quarter earnings are expected to decrease 9.2% from a year earlier, according to I/B/E/S data from Refinitiv, with aggregate earnings likely to be weighed down by poor performance from energy companies.

Persons: school's, Ira Iosebashvili, Kevin Buckland, Naomi Rovnick, Alun John, Dhara, Jerome Powell, Christine Lagarde, Kazuo Ueda's, Shinichi Uchida, Uchida, Ueda, Stocks, it's, Dhara Ranasinghe, Muralikumar Organizations: U.S . Federal Reserve, European Central Bank and Bank of Japan, Reserve, Microsoft, Reuters, ECB, Bank of Japan, Barclays, People's Party, Socialist Workers ' Party, Thomson Locations: Spanish, Ira, New York, Tokyo, London, Europe, SPAIN, Spain

☆ I made up to $6,300 a month working 3 hours a day as a virtual assistant. Here's how I found and connected with new clients through Instagram.
▼ + stars: | 2023-07-21 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +6 min

I focused on a client nicheI started working as a virtual assistant in January 2021. I connected with clients organically on InstagramI put all my time and effort into making my Instagram profile engaging. I'd find clients I wanted to work with and comment on their posts and respond to their Instagram stories. I'd have about five or six clients on the go at a time, and I'd work for each one every day. With each client, I'd explain on the call that I had a minimum length of four months for each contract.

Persons: Shannon Blanchard, Blanchard, —, What's, I'd, Jessica Hawks, creatives, they'd, I've Locations: Minneapolis, TikTok

☆ Opinion | Don’t Let Inflation Bury the Memory of a Government Triumph
▼ + stars: | 2023-07-20 | by ( Bryce Covert | ) www.nytimes.com time to read: +1 min

The recession caused by the Covid-19 pandemic was the shortest on record, thanks to rapid, robust and bipartisan congressional action. Americans were made whole by their government, which staved off what otherwise would have been mass financial suffering. But by the time Dr. Shaefer testified, inflation had begun to rise, sucking all the air out of the room. Inflation hawks blamed the pandemic response for driving up consumer demand, which, in their telling, drove up prices, causing pain for many people as the cost of food, rent and other necessities rose. The fracas over inflation risks memory-holing the concrete proof that the federal government is fully capable of keeping Americans afloat when the economy sinks.

Persons: ” H, Luke Shaefer, Shaefer, J.W, Mason, we’ll Organizations: University of Michigan, John Jay College of Criminal

☆ Mark Cuban on the biggest career regret from his 20s—what he'd change if he could 'do it again'
▼ + stars: | 2023-07-20 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

"Early on in my career, I wanted to prove how smart I was and so I did a lot more talking than listening," Cuban said. At the time, Cuban says he was sleeping on the floor of a three-bedroom apartment with six roommates in Dallas. The desire to prove himself sometimes led Cuban to be "too cocky," he says, which could rub people the wrong way. The cable services company wanted to move Cuban's company HDNet, a high-definition TV provider, to a higher price tier. Cuban didn't like the deal and consequently sued DirecTV.

Persons: Mark Cuban, Chris Voss, Cuban Organizations: Dallas Mavericks, CompuServe, DirecTV, HDNet, National Basketball, Mavericks, Atlanta Hawks Locations: Dallas, Cuban

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