NPR’s Steve Inskeep talks to Ian Bremmer, president of the Eurasia Group, a political risk consultancy, which lists the growing power of China’s Xi Jinping among this year’s top political risks. Source link
The latest men’s NCAA Tournament projections from FOX Sports bracket forecaster Mike DeCourcy are here, with the top four teams from the last projection — UConn, Purdue, Arizona and Kansas — holding on to their 1-seeds. This is despite two of them losing in recent days, with UConn falling at Xavier and Purdue being upset … Read more
Despite a parade of recession predictions from Wall Street this year, Goldman Sachs’ strategists still believe a “soft landing” is likely. But that doesn’t mean stock market investors should celebrate. The 153-year-old investment bank’s equity research team, led by chief U.S. equity strategist David Kostin, said this week that they believe the S&P 500 will … Read more
Anticipating a “mild” recession going into 2023, STR and Tourism Economics in a report released Tuesday project U.S. hotel rates and occupancy next year will decrease slightly year over year, a bit below the companies’ previous forecast. STR and Tourism Economics predict an average 2023 U.S. daily room rate of $151, down from $152 in … Read more
Erie County, which encompasses Buffalo, declared a state of emergency on Thursday and imposed a driving ban starting at 9pm local time for all but authorised emergency travel; the Bills will now play back-to-back games in Detroit, as they also face the Lions on Thanksgiving Thursday Last Updated: 18/11/22 8:26am Ford Field, home of the Detroit … Read more
SlavkoSereda/iStock via Getty Images Crude oil closed lower after OPEC reduced its forecast for global oil demand for the fifth time since April, saying the world economy has entered a period of “significant uncertainty and rising challenges” for global crude supplies. Front-month Nymex crude (CL1:COM) for December delivery settled -3.4% to $85.87/bbl, snapping back-to-back daily … Read more
(Bloomberg) — US inflation cooled in October by more than forecast, offering hope that the fastest price increases in decades are ebbing and giving Federal Reserve officials room to slow down their steep interest-rate hikes. Most Read from Bloomberg The consumer price index was up 7.7% from a year earlier, the smallest annual advance since … Read more
Rivian (RIVN) shares jumped after hours as the electric adventure vehicle maker reported a narrower loss than expected loss for the third quarter, and also reaffirmed its full-year production forecast and financial outlook. For the quarter Rivian reported revenue of $536 million, missing estimates of $561.1 million, and reported an adjusted EPS loss of $1.57 … Read more
(Bloomberg) — Blue Apron Holdings Inc. fell to a record low after withdrawing its forecast because it hasn’t received expected funding from affiliates of one of its top investors. Most Read from Bloomberg The meal-kit delivery platform said Monday that as a result of the funding delay, it entered into a pledge agreement with one … Read more
Ryanair has given further evidence of its strong recovery from the pandemic, swinging to a first-half profit and raising its full-year passenger forecast. Europe’s biggest low-cost airline on Monday reported pre-tax profit of €1.42bn for the six months to September 30, against a €100mn loss in the same period last year. It also forecast a … Read more