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☆ Morning Bid: Rattled by the China and Fed double whammy
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +3 min

Underwhelming economic data, along with the ever-deepening property crisis, have unnerved investors and taken Asian stocks to their lowest since November. Zhongzhi Enterprise Group told investors that it was facing a liquidity crisis and will conduct a debt restructuring, two sources told Reuters. European stocks have been hamstrung too, with the pan-European STOXX 600 index (.STOXX) touching a one-month low on Wednesday and eyeing a lower open on Thursday. But it's important to remember that July's meeting came before a raft of U.S. data that underscored the resilient economy. England will face Spain on Sunday, looking to add a world title to last year's European Championship triumph.

Persons: Ankur Banerjee, Zhongzhi, Muralikumar Organizations: Silicon Valley Bank, Credit Suisse, REUTERS, Staff, Zhongzhi Enterprise Group, Reuters, International Trust Co, U.S, Federal, Traders, Australia, Reuters Graphics Reuters, Thomson Locations: Frankfurt, Silicon, Germany, Ankur, Asia, China, England, Spain, Croatia, Singapore

An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. Brent crude futures were up 8 cents, or 0.1%, at $83.53 a barrel by 0245 GMT, after initially falling 0.5%. Higher interest rates increase borrowing costs for businesses and consumers, which could slow economic growth and reduce oil demand. "Crude prices are going to struggle here as we have bearish sentiment in the world's two largest economies," said Edward Moya, an analyst at OANDA. Reporting by Katya Golubkova; Editing by Sonali Paul and Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Persons: Tina Teng, Teng, Edward Moya, Katya Golubkova, Sonali Paul, Muralikumar Organizations: REUTERS, Rights, Brent, U.S . West Texas, CMC Markets, Traders, U.S, U.S . Federal, OANDA, Thomson Locations: Zhoushan, Zhejiang province, China, U.S, OPEC, China's, U.S .

☆ Oil prices down on weaker growth in China, U.S. rate hike jitters
▼ + stars: | 2023-08-17 | by ( ) www.cnbc.com time to read: +1 min

Oil prices fell in early trade on Thursday, extending losses to a fourth consecutive session on fears of slowing growth in China and possible further U.S. interest rate hikes weakening fuel demand in the world's two biggest economies. Brent crude futures fell 37 cents, or 0.44%, to $83.08 a barrel, while U.S. West Texas Intermediate crude was down 39 cents, or 0.49%, to $78.99 a barrel at 0038 GMT. "A risk off tone across markets weighed on sentiment across commodities, compounded by further economic weakness in China," ANZ Research said in a note. Minutes of the U.S. Federal Reserve's July meeting released on Wednesday are also weighing on oil prices, as they showed that most of the central bank's officials continued to prioritize the battle against inflation. The minutes "showed most officials noted significant upside to inflation means we may see more tightening ...

Organizations: Brent, U.S, West Texas, ANZ Research, U.S . Federal Locations: China, China's, U.S .

☆ Morning Bid: Stock markets tense as China gloom builds
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +3 min

The German share price index DAX graph is pictured at the Frankfurt stock exchange after risks have climbed to multi-month highs in recent days as concerns over contagion from the collapse of Silicon Valley Bank and instability at European bank Credit Suisse gripped the markets, in Frankfurt, Germany, March 17, 2023. Markets currently seem all but certain of another hike from the BOE, with a more than 90% chance seen for a 25 basis point increase in September. Expectations lean towards rates having to go even higher in the future, in contrast to the BOE's peers in the EU and the United States. The euro zone also gets an economic data drop on Wednesday, with preliminary Q2 GDP figures estimated to show meager growth of 0.2% and industrial production data likely to be negative. Meanwhile, the Federal Reserve minutes are sure to garner attention as markets seek more insight into the Fed's thought process.

Persons: Brigid Riley China's, BOE, Brigid Riley, Edmund Klamann Organizations: Silicon Valley Bank, Credit Suisse, REUTERS, Staff, Nikkei, CPI, Bank of England's, EU, European Central Bank, Federal, PPI, Cisco Systems, Thomson Locations: Frankfurt, Silicon, Germany, Asia, Europe, United States, West, New Zealand, China

[1/2] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. The Commerce Department's report showed retail sales grew 0.7% last month against expectations of a 0.4% rise, suggesting the U.S. economy remains strong. "The retail sales number might indicate that the Fed would continue to raise rates." Home Depot (HD.N) added 1% after the home improvement chain posted a smaller-than-expected drop in quarterly same-store sales and topped profit estimates. Declining issues outnumbered advancers by a 5.29-to-1 ratio on the NYSE and a 2.90-to-1 ratio on the Nasdaq.

Persons: Brendan McDermid, Wells, Fitch, jitters, Peter Andersen, JPMorgan Chase, Zions, Wells Fargo, Bilibili, Berkshire Hathaway, Warren Buffett's, Horton, Amruta Khandekar, Shristi, Shashwat Chauhan, Maju Samuel, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Nvidia, UBS, Wells Fargo, PT U.S, Dow, Nasdaq, U.S, Commerce, Andersen Capital Management, Fed, Federal Reserve, JPMorgan, Bank of America, PacWest Bancorp, Western Alliance Bank, Federal Deposit Insurance, Treasury, Alibaba, Dow Jones, General Motors, Berkshire, Warren, Lennar Corp, NYSE, Thomson Locations: New York City, U.S, Boston, China, Beijing, Warren Buffett's Berkshire, homebuilder D.R

☆ Have insurance, will travel: Here's why millennials and Gen Z are paying for trip coverage
▼ + stars: | 2023-08-13 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +5 min

Piola666 | E+ | Getty ImagesDespite inflation, Gen Z and millennials are determined to travel this summer, even if it means spending a bit more. watch nowBy opting to buy travel insurance, younger people's plans are more protected, added Droesch. Pandemic leaves travel jitters in wakeMany travel plans were canceled during the Covid-19 pandemic and many disappointed buyers got no refunds, even if they had travel insurance because unforeseen events such as the Covid-19 lockdown weren't covered. Millennials are entering their 40s, and much of Gen Z have graduated college and are starting their careers. While travel insurance sounds like a good idea, travelers should be aware of the different types of travel insurance that exist and be sure of which type they buy.

Persons: Rome, Gen Zers, —, Mary Hines Droesch, Z, they're, Hopper, Hayley Berg, Berg, Millennials Organizations: Bank of America, Finance, College Locations: U.S

Russia in July halted participation in the Black Sea grain deal that allowed Ukraine to export agricultural produce via the Black Sea and Moscow cautioned that it deemed all ships heading to Ukrainian waters to be potentially carrying weapons. "To forcibly stop the vessel, warning fire was opened from automatic weapons," the Russian defence ministry said. BLACK SEA AT WAR? Since Russia left the Black Sea grain deal, both Moscow and Kyiv have issued warnings and carried out attacks that have sent jitters through global commodity, oil and shipping markets. Ukraine also attacked a Russian oil tanker and a warship at its Novorossiysk naval base, next door to a major grain and oil port.

Persons: Vasily Bykov, Okan, Guy Faulconbridge, Nick Macfie Organizations: UN, Russian, Reuters, Thomson Locations: Russia, MOSCOW, Russian, Black, Ukraine, Moscow, Palau, Izmail, Bulgaria, Sulina, Turkey, Kyiv, Novorossiysk

☆ European stocks outperform as Italy soothes bank tax nerves
▼ + stars: | 2023-08-09 | by ( Naomi Rovnick | ) www.reuters.com time to read: +4 min

[1/2] Signage for the London Stock Exchange Group is seen outside of offices in Canary Wharf in London, Britain, August 3, 2023. MSCI's broad index of global shares (.MIWD00000PUS) was 0.2% higher in European afternoon trade. Europe's regional Stoxx 600 (.STOXX) share index rose 0.9%, with bank stocks (.SX7P) around 1.6% higher. Italy's FTSE MIB share index gained 1.8%. "The burden-sharing of the costs and benefits from higher rates has a habit of becoming a political issue," Deutsche Bank strategist Jim Reid said.

Persons: Toby Melville, Jim Reid, China's, Naomi Rovnick, Stella Qiu, Sydney, Ellen Zhang, Christina Fincher, David Evans Organizations: London Stock Exchange, REUTERS, China CPI, Wall Street, Deutsche Bank, Federal Reserve, Nasdaq, Moody's, U.S . National Federation of Independent, Wednesday, U.S . Treasury, BCA, Reserve, Brent, U.S . West Texas, Thomson Locations: Canary Wharf, London, Britain, China, Italy, Thursday's U.S, U.S, Saudi Arabia, Beijing

☆ Asian shares weaken slightly on China deflation risk, bank jitters
▼ + stars: | 2023-08-09 | by ( Stella Qiu | ) www.reuters.com time to read: +5 min

In Asia, the MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) edged 0.2% higher, following a 1.2% tumble a day earlier. Producer prices fell for a 10th consecutive month. "It is not likely to see China entering a full deflation path as core CPI is still resilient and driven by services." "Having said that, if we do not see further improvement in consumer sentiment, it is possible to see growing deflation risks in China." Brent crude futures eased 0.2% to $86.00 per barrel and U.S. West Texas Intermediate crude futures also fell 0.2% to $82.73.

Persons: Issei Kato, Gary Ng, HSI, Chetan Ahya, Morgan Stanley, Dow, Stella Qiu, Ellen Zhang, Jamie Freed, Edmund Klamann, Simon Cameron, Moore Organizations: REUTERS, Nasdaq, Japan's Nikkei, PPI, Asia Pacific, Reuters, Wall, U.S, Brent, . West Texas, Thomson Locations: Tokyo, Japan, China, SYDNEY, Italy, Asia, Pacific, Hong Kong, Brazil, Beijing

☆ Asian shares hesitant on China deflation risk, bank jitters
▼ + stars: | 2023-08-09 | by ( Stella Qiu | ) www.reuters.com time to read: +5 min

The MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) edged 0.4% higher after a 1.2% tumble a day earlier. Closely watched China data on Wednesday showed consumer prices fell 0.3% in July from a year ago, the first decline since February 2021, although it was slightly better than the forecast of a 0.4% drop. Producer prices fell for a 10th consecutive month. 10-year yields slipped 2 basis points to 4.004%, after falling 5 basis points overnight to as low as 3.9840%, a one-week trough. Brent crude futures eased 0.2% to $86.02 per barrel and U.S. West Texas Intermediate crude futures also fell 0.2% to $82.73.

Persons: Issei Kato, Carol Kong, Kong, Chetan Ahya, Morgan Stanley, Dow, Stella Qiu, Jamie Freed, Edmund Klamann Organizations: REUTERS, Japan's Nikkei, Commonwealth Bank of Australia, Wall, Nasdaq, U.S, Brent, . West Texas, Thomson Locations: Tokyo, Japan, China, SYDNEY, Italy, Asia, Pacific, Hong Kong, Brazil

☆ Poland to Deploy 2,000 Troops To Reinforce Belarus Border
▼ + stars: | 2023-08-09 | by ( Cassandra Vinograd | ) www.nytimes.com time to read: +1 min

Poland will send an additional 2,000 troops to reinforce its border with Belarus, a deputy interior minister told Poland’s state news agency on Wednesday, amid heightened tensions in the area related to the war in Ukraine. The minister, Maciej Wasik, said that the deployment was double what the country’s Border Guard had requested and that the reinforcements would arrive in two weeks, according to PAP, Poland’s state news agency. There was no immediate response from Belarus. Poland’s prime minister, Mateusz Morawiecki, said last week that there were at least 4,000 Wagner fighters in Belarus. He warned against “provocations” and “sabotage actions” from Belarus by the relocated Wagner fighters, a caution that came days after two Belarusian helicopters breached Polish airspace, heightening jitters in the region.

Persons: Maciej Wasik, Wasik, Russia’s Wagner, Mateusz Morawiecki, Wagner Organizations: country’s Border Guard, NATO Locations: Poland, Belarus, Ukraine

☆ Italian bank stocks rebound as government waters down windfall tax
▼ + stars: | 2023-08-09 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

Italian bank shares rebounded on Wednesday after the government watered down a surprise windfall tax on excess profits announced earlier this week. City analysts estimated that the Monday announcement of a 40% tax on excess income derived from higher interest rates in 2023 would deal a 19% blow to Italian lenders' net profits for the year. Shares of BPER Banca, Banco BPM, Intesa Sanpaolo, Finecobank and UniCredit all fell sharply during Tuesday trading wiping out more than 9 billion euros from the market capitalization of the Italian banking sector. Finecobank shares recovered 6% by mid-morning on Wednesday, while Unicredit and BPER Banca were both up by more than 4%. "Initially, right after the announcement of the windfall tax on Monday evening, the government reiterated that they were expecting to raise around 3 billion euros in tax, but then the market realized that the numbers didn't add up," Rania explained.

Persons: Gianmarco Rania, Rania Organizations: Banca, Banco, Citi, BPER Banca, Banor, CNBC

☆ How we're buying perfume lately could signal how we're feeling about the economy
▼ + stars: | 2023-08-09 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +3 min

New York CNN —How consumers are feeling about the health of the US economy, and of their own wallets, could be showing up in the way we’re buying one particular indulgence — perfume. During periods of economic uncertainty, consumer behavior experts say shoppers tend to alter their purchase patterns, especially for discretionary goods. They either switch to cheaper alternatives, cut back on how often they buy a product, or stop buying some products completely. Perfume is no exception to these trends, as cheaper variants are seeing sales shoot through the roof. And that’s just one way in which consumers are pulling back, despite more traditional economic indicators telling a much rosier story.

Persons: don’t, ”, Dallin Hatch, Hatch, Jacquelyn, ” Larissa Jensen Organizations: New, New York CNN Locations: New York, Circana

A partial counterweight to Apple for the S&P 500 and Nasdaq was Amazon.com. Amazon's rise were an 11-point positive for the S&P 500. Reuters GraphicsAverage hourly earnings rose 0.4% in July, unchanged from the previous month, exceeding expectations, taking the year-on-year increase in wages to 4.4%. DraftKings' (DKNG.O) shares rose 5.8% after the sports-betting firm raised its fiscal year 2023 revenue outlook. The S&P 500 posted 19 new 52-week highs and 11 new lows; the Nasdaq Composite recorded 54 new highs and 91 new lows.

Persons: dents, jitters, Said Greg Bassuk, Brendan McDermid, Carl Icahn, DraftKings, Echo Wang, Shubham Batra, Bansari, Savio D'Souza, Shounak Dasgupta, Shinjini Ganguli, Louise Heavens, David Gregorio Our Organizations: Companies, Apple, Dow, Nasdaq, AXS Investments, Treasury, Labor Department, Reuters, New York Stock Exchange, REUTERS, Microsoft, Dow Jones, Icahn Enterprises, Hindenburg, NYSE, Thomson Locations: New York, Ukraine, China, New York City, U.S, Bengaluru

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 26, 2023. Data for June additions was revised lower to 185,000 jobs, from 209,000 reported previously. Reuters GraphicsAverage hourly earnings rose 0.4% in July, unchanged from the previous month, exceeding expectations, taking the year-on-year increase in wages to 4.4%. The yield on the 10-year benchmark Treasury note dipped after the jobs data, partly boosting some megacap stocks. Buoying the S&P 500 index, Amazon.com shares (AMZN.O) rose after the company issued an upbeat third-quarter outlook.

Persons: Brendan McDermid, Greg Bassuk, jitters, Said, Echo Wang, Shubham Batra, Bansari, Savio D'Souza, Shounak Dasgupta, Shinjini Ganguli, Louise Heavens, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, Apple, Nasdaq, Treasury, AXS Investments, Labor Department, Reuters, Microsoft, Dow Jones, Thomson Locations: New York City, U.S, Ukraine, China, New York, Bengaluru

☆ Humana calms Wall Street's jitters with quarterly results, clearing way for stock to run higher
▼ + stars: | 2023-08-02 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +5 min

Humana (HUM) reported second-quarter results Wednesday that were much better than feared, sending its stock price soaring and giving us the confidence to stick with the jilted health insurer. Not only did second-quarter numbers top expectations, but management offered assuring commentary on the worrisome medical-cost trends that torpedoed its stock price in mid-June . That one-two punch explains the more-than-5% jump in Humana shares, pushing the stock to its highest levels since June 14. Outlook Humana raised its outlook for 2023 individual Medicare Advantage membership growth by 50,000 to roughly 825,000 members, representing an 18% increase compared with enrollment levels at the end of 2022. Capital allocation Humana CFO Susan Diamond said the company has capitalized on the "recent dislocation" in its stock price — i.e.

Persons: MLR —, Wall, Bruce Broussard, —, Broussard, Susan Diamond, Humana, Jim Cramer's, Jim Cramer, Jim, Ty Wright Organizations: Revenue, Humana, Club, UnitedHealth, Management, Insurance, CNBC, Bloomberg, Getty Locations: Louisville , Kentucky

☆ Factbox: Credit rating: The shrinking 'triple A' club
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: 1 min

Aug 2 (Reuters) - Ratings agency Fitch on Tuesday downgraded the U.S. government's top credit rating by a notch to 'AA+' sending jitters across global markets as investors assessed the impact from the move. Here is a list of countries whose sovereign debt is still rated 'AAA' by at least two of the top three ratings agencies:Compiled by Susan Mathew, Shubham Kalia, and Shubham Batra in Bengaluru;Our Standards: The Thomson Reuters Trust Principles.

Persons: Fitch, Susan Mathew, Shubham Kalia, Shubham Batra Organizations: AAA, Thomson Locations: Bengaluru

"China is not trying to supplant the IMF," said Matthew Mingey, a senior analyst with Rhodium Group. "When China has allowed these swap lines to be tapped, in many cases it's to unlock an IMF bailout or ensure an IMF programme stays on track." In turn, China is a major customer for Argentina's soy, corn and poultry exports. "China has every incentive to tightly manage Argentine drawings under the swap lines as the risks are very high." The swap line that the People's Bank of China (PBOC) signed in 2009 with Buenos Aires was the first agreed with a Latin American country.

Persons: Matthew Mingey, Buenos, Mark Sobel, Sobel, Sergio Massa, Martin Castellano, Alejandro Werner, Werner, Mingey, Jorgelina, Rosario, Karin Strohecker, Jorge Otaola, Joe Cash, Kirsten Donovan Organizations: International Monetary Fund, IMF, U.S . Treasury, Reuters, World Bank, TAG, People's Bank of China, Buenos Aires, Economy, Institute of International Finance, Relations, Georgetown Americas Institute, Western Hemisphere Department, Thomson Locations: China, Argentina, Beijing, Washington, Latin America, Buenos Aires, U.S, Buenos, American, United States, Zambia, Sri Lanka, Taiwan, Ukraine

☆ Oil giant Shell posts sharp drop in second-quarter profit on weaker commodity prices
▼ + stars: | 2023-07-27 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

Picture Alliance | Picture Alliance | Getty Imageswatch nowShares of the London-listed oil major slipped 2% on Thursday morning. 'Softening oil and gas environment'French oil major TotalEnergies also reported weaker-than-expected earnings on Thursday, posting second-quarter adjusted net income of $5 billion. TotalEnergies CEO Patrick Pouyanne said the firm's "robust" earnings came during a "favorable but softening oil and gas environment." Norwegian oil and gas giant Equinor had on Wednesday reported a 57% decline in year-on-year second-quarter profit as oil and gas prices slipped from last year's high levels. Oil and gas prices were under pressure in the first half of the year, however, as global economic jitters outweighed supply-demand fundamentals.

Persons: downgrades, Stuart Lamont, Patrick Pouyanne Organizations: Getty, RBC Brewin, Shell, BP, Exxon Mobil, Chevron Locations: London, Ukraine, U.S

☆ Getting an entry-level job at Blackstone is harder than getting into Harvard, says Steve Schwarzman. Here's how to ace an interview and land a job there.
▼ + stars: | 2023-07-21 | by ( Casey Sullivan | Reed Alexander | ) www.businessinsider.com time to read: +2 min

Getting a job at private equity giant Blackstone is getting more competitive. In 2020, Insider spoke with president Jon Gray to learn how to stand out and land a job Blackstone. The billionaire that built Blackstone doubts he'd land a job at the private equity titan today. "Getting an entry-level job at Blackstone is 12 times harder than getting into Harvard. So how exactly do applicants dead-set on working for the firm land one of its highly-prized entry-level gigs?

Persons: Jon Gray, Blackstone, Stephen Schwarzman, That's, I'd, Schwarzman, —, Gray, Blackstone's cofounders, Pete Peterson, couldn't, Here's Organizations: Blackstone, Morning, Wall Street, Harvard, University of Pennsylvania, Wall Locations: New York, Chicago

☆ Why Biden worries about a third-party rival in 2024
▼ + stars: | 2023-07-16 | by ( Harry Enten | ) edition.cnn.com time to read: +4 min

This would normally be the part of the story where I’d tell you that a third-party candidate has little chance of winning next year – and I am telling you that. It’s also true, however, that 2024 is shaping up to be the kind of election Biden could lose primarily because of a third-party candidacy. This year it’s pretty clear that such a portion of third-party voters probably already exists for a simple reason: Biden and Trump are historically unpopular. The headlines and the fears Democrats have about a third-party candidate are, at least partially, a tacit acknowledgement that Biden is unpopular. So why aren’t we hearing Republicans worry about a third-party candidate?

Persons: CNN —, Joe Biden’s, ”, Cornel West’s, Joe Manchin, It’s, Biden, Let’s, Donald Trump, Democrat Al Gore, Ralph Nader’s, Gore, Republican George W, Bush, Nader, Trump, Hillary Clinton, don’t, FiveThirtyEight’s Geoffrey Skelley, We’re, Gary Johnson Organizations: CNN, ’, Democratic, Trump, Democrat, Florida –, Green Party, Republican, Biden, Republican Party, Quinnipiac University, Independent Locations: New Hampshire

☆ Biden raised a robust $72 million in the second quarter of 2023. But some Democrats are worried about the the president's reelection operation, pointing to the slow pace of hiring and a still-unopened
▼ + stars: | 2023-07-15 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Some Democrats are expressing concerns about the Biden campaign operation, according to CNN. In the second quarter of 2023, Biden and the Democratic National Committee raised a hefty $72 million for his campaign. (In comparison, former President Donald Trump raised about $35 million in the second quarter.) an individual with a senior role in Biden's 2020 campaign told CNN. The Biden campaign told the network that it was enjoying a "strong start."

Persons: Biden, revving, Joe Biden, Kamala Harris, Donald Trump, Hillary, Julie Chávez Rodríguez, Quentin Fulks, Biden revving, Kevin Munoz Organizations: Biden, CNN, Service, Democratic, AFL, Democratic National Committee, Trump, Wing, Advisors, MAGA Republicans Locations: Wall, Silicon, Wilmington , Delaware, Wilmington

☆ State Street beats profit estimates as interest income rises
▼ + stars: | 2023-07-14 | by ( ) www.reuters.com time to read: +2 min

July 14 (Reuters) - State Street Corp (STT.N) on Friday beat profit estimates for the second quarter as the bank's interest income benefited from the U.S. Federal Reserve's policy tightening and assets under management rose amid a recovery in the equity markets. Banking giants JPMorgan Chase (JPM.N) and Wells Fargo (WFC.N) also saw profits climb in the second quarter on the back of higher interest income. State Street said its net interest income climbed 18% in the three months ended June 30 to $691 million. Shares of the custodian bank, however, fell 2.8% in premarket trading as State Street missed revenue estimates. Total revenue climbed 5% to $3.11 billion, below estimates of $3.14 billion amid a drop in servicing, management and FX trading fees.

Persons: Wells, Manya Saini, Shinjini Organizations: Street Corp, U.S, Banking, JPMorgan Chase, Refinitiv, State Street, Thomson Locations: U.S . Federal, Bengaluru

☆ Breaking Up With Diet Soda? Here Are 11 Aspartame-Free Alternatives.
▼ + stars: | 2023-07-13 | by ( Melissa Clark | More About Melissa Clark | ) www.nytimes.com time to read: 1 min

The World Health Organization declared Thursday that the artificial sweetener aspartame is “possibly carcinogenic to humans,” adding it to the same risk category as breathing in engine exhaust, working in dry-cleaning and consuming certain pickled vegetables. suggests you’d have to chug quite a bit of diet soda to enter the danger zone. Its new guidance for safe consumption is 40 milligrams of aspartame per kilogram of body weight, meaning that a committed diet-cola fan weighing 150 pounds could drink as many as two dozen cans a day. Still, the news may give the jitters (caffeinated or not) to diet-drink die-hards. If you’re ready to swear off the stuff, or at least moderate your habit, here are 11 aspartame-free alternatives to reach for instead.

Organizations: World Health Organization

☆ Analysts are getting bullish on these stocks set to report earnings next week
▼ + stars: | 2023-07-13 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

As second-quarter earnings season kicks into high gear, Wall Street analysts are getting more bullish on these companies set to report next week. Given this backdrop, CNBC Pro searched for S & P 500 companies analysts are bullish on and that are also reporting earnings next week. Since the start of the year, the stock has jumped nearly 26% as China reopens and travel returns, and Wall Street is bracing for more upside ahead. Airline stocks United and American have also experienced strong momentum heading into the period. Wall Street has hiked EPS estimates for American about 91% the past six months, while United has seen a 46.3% uptick.

Persons: Horton Organizations: Wall Street, Nasdaq, CNBC Pro, Las Vegas, Airline, United, Analysts, Industries Locations: China

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