Friday, October 27, 2023

October 28, 2023 - Russia hikes key rate to 15% in bigger-than-expected rise

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TradeBriefs Editorial

From the Editor's Desk

Gen X workers want different benefits. Companies are answering the call.

Gen X are at a crossroads in their personal lives. Wedged between Baby Boomers and millennials, this generation is in the 'sandwich' phase of life. They're largely responsible for caring for their aging parents while providing for their school-aged children, all while managing their own lives, careers and health. 

If organisations are eager to hold onto their Gen X workers, roughly defined as those born between 1965 to 1980, they need to respond to these challenges.



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Russia hikes key rate to 15% in bigger-than-expected rise
Russia hikes key rate to 15% in bigger-than-expected rise
\"It looks like today\'s interest rate hike front-loaded the tightening cycle in response to the fiscal announcements earlier this month,\" said Liam Peach, senior emerging markets economist at Capital Economics.

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Evidence mounts of North Korean arms to Russia in threat for Ukraine
Evidence mounts of North Korean arms to Russia in threat for Ukraine
“For Russia, the supply of strike munitions is increasing. In October 2022, Russia was producing approximately 40 long-range missiles a month. Now it is producing over 100 a month,” wrote Jack Watling, a senior research fellow for land warfare at Rusi, in a recent report entitled Ukraine Must Prepare for a Hard Winter.

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Pro-Moscow Ukrainian politician shot in apparent assassination attempt
Pro-Moscow Ukrainian politician shot in apparent assassination attempt
They included the car bombing near Moscow that killed Darya Dugina, the daughter of the Russian far-right philosopher Alexander Dugin, as well as the deaths of senior Russian commanders in Ukraine and the fatal shooting of a Russian submarine captain who had revealed his location online using the fitness app Strava.

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Russia’s Central Bank Raises Rates to 15 Percent to Curb Inflation
Russia’s Central Bank Raises Rates to 15 Percent to Curb Inflation
Ivan Nechepurenko has been a Times reporter since 2015, covering politics, economics, sports and culture in Russia and the former Soviet republics. He was raised in St. Petersburg, Russia, and in Piatykhatky, Ukraine. More about Ivan Nechepurenko

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U.S. Tries New Tack on Russian Disinformation: Pre-Empting It
U.S. Tries New Tack on Russian Disinformation: Pre-Empting It
Steven Lee Myers covers misinformation for The Times. He has worked in Washington, Moscow, Baghdad and Beijing, where he contributed to the articles that won the Pulitzer Prize for public service in 2021. He is also the author of “The New Tsar: The Rise and Reign of Vladimir Putin.” More about Steven Lee Myers

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Justin Timberlake Should Not Get Away With That Blaccent    
Justin Timberlake Should Not Get Away With That Blaccent
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GM, UAW may be nearing a labor deal after marathon negotiating session    
GM, UAW may be nearing a labor deal after marathon negotiating session
It\'s not immediately clear how much the labor deals will increase labor costs for the companies, which had argued that giving in to all of the union\'s demands would affect their competitiveness and even long-term viability.


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Watch now: ETF Edge with the CIO of the world's largest mutual fund & ETF company, Vanguard    
Watch now: ETF Edge with the CIO of the world's largest mutual fund & ETF company, Vanguard
CNBC\'s ETF Edge is dedicated to the fastest-growing trend in investing right now: ETFs. Every Monday, Bob Pisani will be joined by a panel of top market participants to offer educational and actionable advice to help you build your best portfolio.


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Republicans Hope The Chaos Of Recent Weeks Will Become A Distant Memory In Next Year's Elections    
Republicans Hope The Chaos Of Recent Weeks Will Become A Distant Memory In Next Year's Elections
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Google commits to invest $2 billion in OpenAI competitor Anthropic    
Google commits to invest $2 billion in OpenAI competitor Anthropic
\"It\'s a really unusual time from a business perspective because there\'s just so much demand for large language models and really more demand than the industry can currently provide,\" Amodei said at the time. \"The landscape is just very wide, and there\'s really quite a lot of room for many different users and types of users to make use of these systems.\"


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Rep. George Santos pleads not guilty to new fraud, identity theft charges    
Rep. George Santos pleads not guilty to new fraud, identity theft charges
The superseding indictment followed the guilty plea of Santos\' former campaign treasurer, Nancy Marks. She pleaded guilty on Oct. 5 to conspiring with a congressional candidate to commit wire fraud, among other charges.


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Google paid $26 billion in 2021 to become the default search engine on browsers and phones    
Google paid $26 billion in 2021 to become the default search engine on browsers and phones
The other portion of the overall TAC figure Google reports in earnings consists of the payments it makes to \"distribution partners who make available our search access points and services,\" according to the 10-K. Google says its \"distribution partners include browser providers, mobile carriers, original equipment manufacturers and software developers.\" This is the portion of TAC that appeared to be represented by the slide, which referred only to Search+ revenue.


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Close Confidants of Sam Bankman-Fried Have Testified at His Trial    
Close Confidants of Sam Bankman-Fried Have Testified at His Trial
Prosecutors then played a clip from an interview that Mr. Bankman-Fried gave ABC’s “Good Morning America” days before FTX filed for bankruptcy in November. In that interview, Mr. Bankman-Fried offered up one of the theoretical options that Mr. Sun had provided him as an explanation for what happened to FTX’s customer money.


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US asks Qatar to 'turn down the volume' of Al Jazeera news coverage    
US asks Qatar to 'turn down the volume' of Al Jazeera news coverage
However, the US subsequently reached a "quiet understanding" with Qatar to stop Iran from withdrawing the funds - which had been moved to a Qatari bank account - amid suspicions over a possible Iranian role in the Hamas attack.


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Mike Johnson's Wife Runs Counseling Service That Compares Being Gay To Bestiality, Incest    
Mike Johnson's Wife Runs Counseling Service That Compares Being Gay To Bestiality, Incest
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Can Eating Leftover Rice Kill You? Here’s The Science Behind ‘Fried Rice Syndrome’    
Can Eating Leftover Rice Kill You? Here’s The Science Behind ‘Fried Rice Syndrome’
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Kim Kardashian Doubles Down After Facing Backlash For Her Out-Of-Touch Parenting Remarks    
Kim Kardashian Doubles Down After Facing Backlash For Her Out-Of-Touch Parenting Remarks
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Achieving the 'American dream?' A lot of it depends on where you grow up    
Achieving the 'American dream?' A lot of it depends on where you grow up
Friedman noted that while improvements could be made to the U.S. financial aid system. Data on aid awards from the Susan Thompson Buffett Foundation given to Nebraska high school graduates showed only about an 8% increase, from a base of 62%, in the fraction of people who went to a four-year college.


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Pharmacy staff from Walgreens, CVS say they're at a breaking point — here's what their days look like    
Pharmacy staff from Walgreens, CVS say they're at a breaking point รข€” here's what their days look like
\"In some shape or form, myself or my staff are being pushed into an aspect of the business that we didn\'t sign up for,\" the store manager said. \"We\'re being pushed back there because we don\'t have the resources.\"


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Republicans Move To Expel George Santos Over Deluge Of Lies    
Republicans Move To Expel George Santos Over Deluge Of Lies
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U.S. Airstrikes Contain Twin Messages to Iran, American Officials Say    
U.S. Airstrikes Contain Twin Messages to Iran, American Officials Say
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Andy Cohen Recalls 'Creepy' Conservatorship 'Captor' Guiding Britney Spears Interview    
Andy Cohen Recalls 'Creepy' Conservatorship 'Captor' Guiding Britney Spears Interview
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Did A.I. Write Product Reviews? Gannett Says No.    
Did A.I. Write Product Reviews? Gannett Says No.
The NewsGuild also said on X that the articles were a “transparent attempt by Gannett to union-bust by threatening reporters with the loss of their jobs” after Reviewed union members staged a two-day walkout this month in protest for a new contract.


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Key Fed inflation gauge rose 0.3% as expected in September; spending tops estimate    
Key Fed inflation gauge rose 0.3% as expected in September; spending tops estimate
This is the last inflation report the Fed will see before its two-day policy meeting next week. Traders are pricing in a near-100% chance that the central bank will announce no rate hike when the meeting concludes Wednesday, according to the CME Group.


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Microsoft's AI boost helped cloud business outpace rivals Amazon and Google in latest quarter    
Microsoft's AI boost helped cloud business outpace rivals Amazon and Google in latest quarter
Some form of the word optimize was used more than 20 times on Amazon\'s earnings call Thursday. The rate of cloud cost optimizations has been slowing, Brian Olsavsky, Amazon\'s finance chief, said on Thursday\'s call.


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Joe Scarborough Delivers Blistering Takedown Of Mike Johnson's Gun Logic    
Joe Scarborough Delivers Blistering Takedown Of Mike Johnson's Gun Logic
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Sam Bankman-Fried blames everyone but himself for FTX’s approach to risk management, including a trillion-dollar trading disaster    
Sam Bankman-Fried blames everyone but himself for FTX’s approach to risk management, including a trillion-dollar trading disaster
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USWNT looks stuck in post-World Cup limbo after 0-0 vs. Colombia    
USWNT looks stuck in post-World Cup limbo after 0-0 vs. Colombia
The United States Soccer Federation has said that the goal remains for the new manager to be in place by December. Until then, the USWNT will have to carry on, and try to rid themselves of the memories from last summer.


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JPMorgan Chase stock slips after bank says CEO Jamie Dimon is selling 1 million shares    
JPMorgan Chase stock slips after bank says CEO Jamie Dimon is selling 1 million shares
Mr. Dimon continues to believe the company\'s prospects are very strong and his stake in the company will remain very significant. He and his family currently hold approximately 8.6 million shares, and in addition he continues to have unvested Performance Share Units relating to 561,793 shares and Stock Appreciation Rights relating to 1,500,000 shares, subject to the terms and conditions of each grant.


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Spirit Airlines halts new pilot, flight attendant training after difficult quarter, Pratt engine issue    
Spirit Airlines halts new pilot, flight attendant training after difficult quarter, Pratt engine issue
\"We continue to see discounted fares for travel booked through the pre-Thanksgiving period,\" CEO Ted Christie said in an earnings release. \"And, unfortunately, we have not seen the anticipated return to a normal demand and pricing environment for the peak holiday periods.\"


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Britney Spears' Memoir Is A Devastating Read    
Britney Spears' Memoir Is A Devastating Read
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Ford shares fall 12% after earnings underline worries about costs and EV plans    
Ford shares fall 12% after earnings underline worries about costs and EV plans
While executives emphasized Ford isn\'t cutting back on or delaying its plans to develop a range of more advanced EVs, investors concerned about the company\'s ability to compete with Tesla and other new EV entrants were given a new reason for caution.


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The last resort of bankruptcy is rising among Main Street businesses across America    
The last resort of bankruptcy is rising among Main Street businesses across America
He offered the hypothetical example of a business owner with $12 million in debt who owns property worth about $10 million and other assets he doesn\'t want to sell. Selling the land would still leave the owner with a sizable heap of debt, but if the owner could raise money from friends and family and convince the bank to accept a cash deal, it might be preferable to bankruptcy.


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RFK Jr. Pleads For Secret Service Protection After Stalker Invades Home Grounds    
RFK Jr. Pleads For Secret Service Protection After Stalker Invades Home Grounds
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Goldie Hawn Says An E.T. Touched Her And It 'Felt Like A Finger Of God'    
Goldie Hawn Says An E.T. Touched Her And It 'Felt Like A Finger Of God'
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The Funniest Tweets From Parents This Week    
The Funniest Tweets From Parents This Week
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These Are All Of 'Goosebumps' Author R.L. Stine's Favorite Scary Books For Halloween    
These Are All Of 'Goosebumps' Author R.L. Stine's Favorite Scary Books For Halloween
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Taylor Swift Is Officially A Billionaire: Report    
Taylor Swift Is Officially A Billionaire: Report
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Actor Richard Moll, Bailiff On The Original Sitcom 'Night Court,' Dies At 80    
Actor Richard Moll,  Bailiff On The Original Sitcom 'Night Court,' Dies At 80
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Hasan Minhaj Responds In Depth To New Yorker Piece On His Stand-Up Comedy    
Hasan Minhaj Responds In Depth To New Yorker Piece On His Stand-Up Comedy
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It's Actually Normal For Babies' Heads To Look Big. Here's Why.    
It's Actually Normal For Babies' Heads To Look Big. Here's Why.
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23 Of The Funniest Tweets About Cats And Dogs This Week    
23 Of The Funniest Tweets About Cats And Dogs This Week
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Neverending Candy Corn Debate Once Again Haunts Halloween    
Neverending Candy Corn Debate Once Again Haunts Halloween
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Treasury's new Hamas sanctions target middlemen, shell companies    
Treasury's new Hamas sanctions target middlemen, shell companies
\"If the government and charitable organizations in Turkey aren\'t doing the right thing, the private sector in these countries must understand that anyone helping Hamas will be cut from the global financial system.\"


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Charles Barkley Says How He Really Feels About Trump-Biden Rematch    
Charles Barkley Says How He Really Feels About Trump-Biden Rematch
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