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☆ Animals act weirdly during an eclipse. Help NASA find out why
▼ + stars: | 2024-03-13 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +11 min

We’re hoping that we even get kids watching their dogs in their backyard and seeing if their dogs behave interestingly during the eclipse,” Hartstone-Rose said. The next total solar eclipse that will be visible across the contiguous United States won’t appear until August 2044. The space agency is expecting far larger numbers for the 2024 total solar eclipse — nearly 2,500 people have already signed up, she added. “(During a total solar eclipse) you have so many different ways the light is scattering, so there’s these beautiful colors of orange and purple and green. “It’s kind of a great human sensory experience to be in the middle of a total solar eclipse.”

Persons: ”, Adam Hartstone, Rose, Hartstone, “, that’s, Kelsey Perrett, United States won’t, Bryan Pijanowski, ’, Pijanowski, William M, Wheeler, John Griffioen, Griffioen, Perrett, ” Perrett, ” Pijanowski Organizations: CNN, American, North Carolina State University, Nashville Zoo, Solar, Fort Worth Zoo, NASA, Center, Purdue University, Buffalo Zoo, Zoo, Toledo Zoo, Indianapolis Zoo Locations: Columbia , South Carolina, United States, Raleigh, “, Grassmere, Mexico, Canada, Texas, North America, West Lafayette , Indiana, Fort, New York, Arkansas, Ohio

☆ Oscars predictions: ‘Oppenheimer’ seems to be the movie awards voters have been waiting for
▼ + stars: | 2024-02-26 | by ( Brian Lowry | ) edition.cnn.com time to read: +6 min

A woman poses for a selfie in New York to celebrate the "Barbie" movie on Friday, July 21. Hannah Beier/The Washington Post/Getty Images Cierra Fraser and Joslin Farley pose outside of a theater in Los Angeles on Saturday. Stephanie Keith/Getty Images North America/Getty Images Barbie fan Shannon Douglas poses for a photo Saturday in Somerdale, New Jersey. Hannah Beier/The Washington Post/Getty Images A group of friends gather outside a movie theater in Los Angeles on Friday. Jenna Schoenefeld/The Washington Post/Getty Images A Barbie fan attends a movie showing in New York on Friday.

Persons: CNN — “ Barbie ”, “ Oppenheimer ”, Christopher Nolan’s, “ Oppenheimer, “ Barbie ”, Oppenheimer, Christopher Nolan, Cillian Murphy, ”, “, Stephanie Keith, Britney Stewart, Hannah Beier, Cierra Fraser, Joslin Farley, Jenna Schoenefeld, Maria Plascencea, Daniella Galvan, Plascencea, Daniella, Dania Maxwell, Shannon Douglas, Jasmine Vaughn Perrett, Barbie, Perrett, Sophie Davidoff, Ayan Babayeva, Mia Ilyaich, Ayan, Reece Adineh, James Cameron Organizations: CNN, Screen Actors Guild, Producers Guild of America, Academy, Golden Globes, of America, Academy and Universal Pictures, Academy of Motion Picture Arts, Sciences, CNN The Academy, ABC, Washington Post, Los Angeles Times, Getty, North Locations: New York, Somerdale , New Jersey, Los Angeles, North America, Iran

☆ Tangaraju Suppiah: Singapore executes man for trafficking two pounds of cannabis
▼ + stars: | 2023-04-25 | by ( Heather Chen | ) edition.cnn.com time to read: +8 min

Tangaraju Suppiah, a 46-year-old Singaporean, was hanged early on Wednesday in Changi Prison and the family have received a death certificate, his sister Leelavathy Suppiah told CNN. Tangaraju was first sentenced to death in 2018 for “abetting the trafficking of more than one kilogram of cannabis (1,017.9 grams),” according to a statement from the Central Narcotics Bureau (CNB). The court found he was in phone communication with two other men caught trying to smuggle cannabis into Singapore. “As is the case for many people currently on death row in Singapore, Tangaraju was forced to represent himself to seek a review of the Court of Appeal’s decision to uphold his conviction. Singapore has a strong reputation as a rule of law country so this concerning omission is not normal,” Perrett added.

☆ Take Five: And let there be calm
▼ + stars: | 2023-03-24 | by ( ) www.reuters.com time to read: +5 min

LONDON, March 23 (Reuters) - At the incredible end to the first quarter for financial markets, rattled by bank turmoil, some stability will be much hoped for in coming days. SNB chief Thomas Jordan reckons the next two weeks will be vital to securing UBS's Credit Suisse takeover. Market cap of US regional banks included in the S&P 500 regional bank index3/ DID YOU SAY AT1? Potential legal action is also possible after Swiss authorities ruled that holders of Credit Suisse AT1 bonds would get nothing in the deal. And U.S. and European banks turmoil show how quickly a crisis can surface, giving Ueda even more reason for caution.

☆ Pakistan's new fuel pricing scheme needs to be agreed before IMF deal
▼ + stars: | 2023-03-24 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Fayaz AzizISLAMABAD, March 24 (Reuters) - A long-awaited loan agreement between Pakistan and the International Monetary Fund (IMF) will be signed once a few remaining points, including a proposed fuel pricing scheme, are settled, an IMF official confirmed on Friday. Petroleum Minister Musadik Malik told Reuters on Thursday that his ministry had been given six weeks to work out the pricing plan. But the IMF's resident representative in Pakistan, Esther Perez Ruiz, said the government had not consulted the fund about the fuel pricing scheme. Ruiz, in a message to Reuters, confirmed a media report that a staff level agreement would be signed once a few remaining points, including the fuel scheme were settled. With enough foreign reserves to only cover about four weeks of necessary imports, Pakistan is desperate for the IMF agreement to disperse a $1.1 billion tranche from a $6.5 billion bailout agreed in 2019.

[1/2] People walk with their luggage on Roxham Road before crossing the US-Canada border into Canada in Champlain, New York, U.S., February 14, 2018. REUTERS/Chris Wattie/File PhotoOTTAWA, March 24 (Reuters) - U.S. President Joe Biden and Canadian Prime Minister Justin Trudeau struck a deal aimed at stopping asylum seekers from traversing the shared U.S.-Canada land border via unofficial crossings, an official U.S. document showed on Friday. Biden will address parliament on Friday, after an introduction by Trudeau, and the two leaders will hold a joint news conference afterward. Canada has been pushing the U.S. to extend the deal for a while. In recent months, there has been a sharp increase in asylum seekers entering Canada through unofficial border crossings.

☆ Europe risks migrant surge without aid to Tunisia, Italy PM warns
▼ + stars: | 2023-03-24 | by ( ) www.reuters.com time to read: +2 min

BRUSSELS, March 24 (Reuters) - Europe risks seeing a huge wave of migrants arriving on its shores from North Africa if financial stability in Tunisia is not safeguarded, Italian Prime Minister Giorgia Meloni said on Friday. Tunisia has been gripped by political upheavals since July 2021, when President Kais Saied seized most powers, shutting down parliament and moving to rule by decree. "Maybe not everyone is aware of the need to preserve the financial stability in a country which has severe financial problems," Meloni told reporters following a summit of European Union leaders in Brussels. Earlier on Friday Italian Foreign Minister Antonio Tajani told RAI public radio Europe could see "tens, maybe hundreds of thousands" of boat migrant arrivals if economic aid is not granted soon to Tunisia. According to United Nations data, at least 12,000 of those who have reached Italy this year set sail from Tunisia, against 1,300 in the same period of 2022.

The code is an AI model, an algorithm that is trained on sets of data and can then learn from new data to perform a variety of tasks. Databricks CEO Ali Ghodsi said the release was aimed at demonstrating a viable alternative to training a kind of AI model called a large language model with enormous resources and computing power. OpenAI, valued at $29 billion, trains its AI models with huge troves of data on a supercomputer from investor Microsoft Corp (MSFT.O). Databricks wants enterprises to train their own AI models using its software. "My belief is that in the end, you will make these models smaller, smaller and smaller, and they will be open-sourced," Ghodsi said.

☆ Asian shares surge, dollar slips after Fed hints at rate pause
▼ + stars: | 2023-03-23 | by ( Ankur Banerjee | ) www.reuters.com time to read: +4 min

SINGAPORE, March 23 (Reuters) - Asian shares spiked on Thursday and the dollar slid after the U.S. Federal Reserve hinted it could pause interest rate rises following turmoil in the banking sector, though it also reiterated its commitment to fighting sticky inflation. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 1% to touch a two-week high of 515.62. Wall Street ended sharply lower overnight as investors digested the Fed's policy statement and comments from Fed Chair Jerome Powell's press conference. In the currency market, the dollar index , which measures the dollar against other major currencies, fell nearly 0.5% to fresh seven week low of 101.92. The two-year U.S. Treasury yield, which typically moves in step with interest rate expectations, was down 10 basis points at 3.881%.

☆ Hong Kong central bank raises policy rate after Fed hike
▼ + stars: | 2023-03-23 | by ( ) www.reuters.com time to read: +1 min

HONG KONG, March 23 (Reuters) - The Hong Kong Monetary Authority (HKMA) on Thursday lifted its base rate charged through the overnight discount window by 25 basis points to 5.25%, hours after the U.S. Federal Reserve delivered a rate rise of the same margin. Hong Kong's monetary policy moves in lock-step with the U.S. as the city's currency is pegged to the greenback in a tight range of 7.75-7.85 per dollar. The Federal Open Market Committee policy statement also said the U.S. banking system was "sound and resilient". "It is too soon to assess how much this will further affect economic activities and influence monetary policy." The financial and monetary markets of Hong Kong continued to operate in a smooth and orderly manner, despite the volatility of overseas markets, and Hong Kong dollar interbank rates might remain at elevated levels for some time, the HKMA added.

☆ Asian shares subdued after Fed hints at rate pause
▼ + stars: | 2023-03-23 | by ( Ankur Banerjee | ) www.reuters.com time to read: +3 min

SINGAPORE, March 23 (Reuters) - Asian shares inched higher on Thursday after the Federal Reserve hinted it could pause interest rate hikes following turmoil in the banking sector, though it also reiterated its commitment to fighting sticky inflation. In a widely expected move, the Fed raised interest rates by 25 basis points but recast its outlook to a more cautious stance as a result of the banking stress. In the currency market, the dollar index fell 0.137%, with the euro up 0.25% at $1.0882. The yield on 10-year Treasury notes was down 3.2 basis points at 3.468%, while the 30-year Treasury bond was down 1.5 basis points to 3.682%. The two-year U.S. Treasury yield, which typically moves in step with interest rate expectations, was down 1.1 basis points at 3.970%.

☆ Crowds swarm Art Basel Hong Kong as galleries report sales bonanza
▼ + stars: | 2023-03-23 | by ( ) www.reuters.com time to read: +2 min

[1/3] An installation titled "Calligraphic Wig" by Daniel Knorr is displayed at Art Basel in Hong Kong, China, March 23, 2023. Art Basel Hong Kong is one of the first big events the city has held since dropping its COVID-19 mask mandate this month. City authorities are welcoming the art fair as they try to reinvigorate the economy and promote Hong Kong as a vibrant cultural hub. Teresa Choi, a visitor from Macau, said Hong Kong was much busier than during COVID times. "Hong Kong has always been the international financial hub for Asia ... Travellers are regaining their confidence about Hong Kong and the economy and want to come."

☆ Analysis: Investors cautious on U.S. stocks, even though Fed hikes may soon end
▼ + stars: | 2023-03-23 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

Stocks fell on Wednesday, with the benchmark S&P 500 (.SPX) closing down 1.65% after swinging between gains and losses during Fed Chairman Jerome Powell's press conference following the meeting. Futures markets are now pricing a Fed funds rate of around 4.25% by year-end, compared with the range of 4.75% to 5% that took effect on Wednesday. US stock market during the Fed's hiking cycleUNCERTAIN OUTLOOKStocks have been resilient this year in the face of uncertainty, with the S&P 500 up 2.5% since the end of 2022. A drop in Treasury yields from recent highs has also given a tailwind to stocks, especially to big tech and growth names that are heavily weighted in the S&P 500. Corporate profits are another potential trouble spot, with S&P 500 earnings expected to post year-over-year declines in the first and second quarters after falling 3.2% in the fourth quarter of 2022, according to Refinitiv IBES.

LONDON, March 21 (Reuters) - Distressed debt investors and large hedge funds are buying up Credit Suisse (CSGN.S) additional tier-1 bonds at rock-bottom prices after they were written down to zero in the Swiss bank's rescue by cross-town rival UBS (UBSG.S). AT1 bonds issued by other European banks tumbled on Monday as the treatment of Credit Suisse AT1 bondholders highlighted the risks of this type of debt. Buyers have included a mixture of hedge funds and deep distressed debt funds, which Southey expected would need to hold the bonds for an extended period before they paid off. Some of those buyers intend to join groups that would litigate to improve odds on cashing in on the bonds, Southey said. "It's quite possible that we will see demand from buyers of subordinated bank debt to have more explicit protections written into these bond prospectuses in the future."

☆ Amazon has rolled out contactless tech to 200 locations including Panera cafes
▼ + stars: | 2023-03-22 | by ( Jeffrey Dastin | ) www.reuters.com time to read: +2 min

The e-commerce and cloud-computing giant is widening deployment of its contactless technology with existing customers, Vice President Dilip Kumar said in an interview. Amazon declined to provide growth figures, but in June 2022 the company said more than 69 locations in the U.S. and UK had such technology. On Wednesday the U.S. cafe chain Panera Bread unveiled Amazon One devices, which let customers scan their palms to pay, for two locations in greater St. Louis. Nearly 150,000 employees at tech companies have faced cuts this year alone, according to industry tracker Layoffs.fyi. "It wasn't as bad" for tech companies in the 2008 financial crisis.

☆ Asia shares bounce gingerly as bank fears linger
▼ + stars: | 2023-03-21 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 0.4%. Japanese markets were closed for a holiday, which left Treasuries untraded in Asia and lightened currency trade. S&P 500 futures were flat and European futures rose 0.5%. The tense calm follows a Swiss government-backed buyout of Credit Suisse by UBS that seems, for now, to have cauterised concerns over European financial stability. The broader path for rates, meanwhile, is set to become clearer later in the week when the Fed and Bank of England set policy levels.

☆ Morning Bid: Signs of confidence re-emerge after bank storm
▼ + stars: | 2023-03-21 | by ( ) www.reuters.com time to read: +2 min

While UBS shares were hammered in early trading on Monday after its shotgun marriage with troubled Credit Suisse following an intervention by Swiss authorities, the bank's shares pared most of the losses towards the close. European Central Bank President Christine Lagarde said the market turmoil might do some of the ECB's work for it in dampening demand and inflation. Markets have been on high alert for central banks to raise interest rates sharply to cope with high inflation. ECB policymaker Robert Holzmann watered down his recent call for three more rate increases of 50 basis points in quick succession. Policy decision is on WednesdayReporting by Anshuman Daga; Editing by Bradley PerrettOur Standards: The Thomson Reuters Trust Principles.

March 21 (Reuters) - Oil drifted lower on Tuesday as more than a week of banking turmoil kept weighing on market confidence. U.S. West Texas Intermediate (WTI) crude futures were down 74 cents, or 1.1%, to $66.90 a barrel. "Oil prices now mainly depend on influences on investor confidence at the macro-level," said analysts from Haitong Futures. "If the banking crisis does not spread further, market sentiment may stabilise and oil prices will have a chance to recover." A preliminary Reuters survey showed that crude oil and product inventories in the U.S were estimated to have fallen last week.

☆ Asia stocks bounce gingerly but bank fears lurk
▼ + stars: | 2023-03-21 | by ( Tom Westbrook | ) www.reuters.com time to read: +3 min

U.S. futures rose 0.2% in early Asia trade. A Swiss government-backed buyout of Credit Suisse by UBS has cauterized the immediate concern over European financial stability. But the wipeout of some Credit Suisse bondholders has sent a shockwave through bank debt, and persistent signs of stress at U.S. regional lenders has investors on high alert. Bond markets whipsawed overnight as traders seek to figure out what the bank stress means for rates policy. U.S. interest rate futures have priced in just one more 25 basis point hike before a series of cuts beginning as soon as June.

The global lender said the agreement was expected to help unleash large-scale financing for Ukraine from international donors and partners, but gave no details. IMF staff currently expected the change in Ukraine's real gross domestic product for 2023 to range from -3% to +1%, Gray added. Ukrainian Prime Minister Denys Shmyhal hailed the agreement and thanked the IMF for its support. If approved, as expected, the Ukraine program would be the IMF's biggest loan to a country involved in an active conflict. The fund last week changed a rule to allow new loan programs for countries facing "exceptionally high uncertainty", without naming Ukraine.

☆ Adobe releases tools for generating product images from 3D models
▼ + stars: | 2023-03-21 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

March 21 (Reuters) - Adobe Inc (ADBE.O) on Tuesday rolled out a tool aimed at helping marketing departments at e-commerce stores generate product images without having to pay for as many photo shoots. It is designed to allowing marketing professionals to come up with the images they need for web pages and marketing emails. The product straddles San Jose, California-based Adobe's longtime business of generating and editing images and its newer business of supplying technology tools for marketing and e-commerce. "Big e-commerce websites, they have hundreds of people" manually creating 3D renderings, Cottin said. In the case of a shoe, for example, an artist might create a 3D model of the basic model of the shoe.

☆ Nvidia turns to AI cloud rental to spread new technology
▼ + stars: | 2023-03-21 | by ( Stephen Nellis | ) www.reuters.com time to read: +4 min

Huang said Nvidia was also working with Microsoft and Alphabet Inc (GOOGL.O) to offer its supercomputers, used to create new AI products, as a service. Nvidia's new rental service, called DGX Cloud, could give many more developers the chance to access tens of thousands of its chips at once. Biotech firm Amgen Inc (AMGN.O) and software firm ServiceNow Inc (NOW.N) have started using the service, Nvidia said. Nvidia also launched a service called AI Foundations to help companies train their customized artificial intelligence models. Nvidia said it was working with ASML Holding (ASML.AS), Synopsys Inc (SNPS.O) and TSMC to bring it to market.

☆ UBS CEO says bank can handle risks of Credit Suisse takeover
▼ + stars: | 2023-03-20 | by ( ) www.reuters.com time to read: +1 min

ZURICH, March 20 (Reuters) - UBS (UBSG.S) can handle the risks from taking over Swiss rival bank Credit Suisse (CSGN.S), UBS Chief Executive Ralph Hamers told broadcaster SRF. In a package orchestrated by Swiss regulators on Sunday, UBS will pay 3 billion Swiss francs ($3.23 billion) for 167-year-old Credit Suisse and assume up to $5.4 billion in losses. "The second step for us is to transform CS's investment bank into an investment bank like UBS has. He said he did not currently have any figures regarding lay-offs at Credit Suisse, although there would always be cost savings. The intended takeover would bring security and stability to the Swiss financial market and also for Credit Suisse clients, he added.

☆ New York Community Bancorp unit to buy Signature Bank assets, FDIC says
▼ + stars: | 2023-03-20 | by ( Pete Schroeder | ) www.reuters.com time to read: +1 min

WASHINGTON, March 19 (Reuters) - A subsidiary of New York Community Bancorp (NYCB.N) has entered into an agreement with U.S. regulators to buy deposits and loans from New York-based Signature Bank (SBNY.O), which was closed a week ago. Roughly $60 billion of Signature Bank's loans and $4 billion of its deposits would remain with it in receivership, the agency said. The statement did not refer to the other, Silicon Valley Bank (SVB) , a much larger bank that regulators took over two days before Signature. Signature had $110.36 billion in assets, whereas SVB had $209 billion. Under the arrangement for Signature Bank assets, Flagstar will buy $12.9 billion of loans at a discount of $2.7 billion.

☆ BOJ debated side effects of easy policy at March meeting
▼ + stars: | 2023-03-20 | by ( Leika Kihara | ) www.reuters.com time to read: +3 min

At the March meeting, the BOJ maintained its ultra-loose policy, including a controversial 0.5% cap for the 10-year bond yield that had come under attack from markets betting on a near-term interest rate hike. But some members voiced concern over lingering distortions in the yield curve, which the BOJ sought to contain in December by raising the 10-year bond yield cap to 0.5% from 0.25%. At the time of the March meeting, the BOJ had been forced to ramp up bond buying to defend its 0.5% cap for the 10-year bond yield. The tussle with market participants betting on a near-term rate hike kept the 10-year yield pinned at the 0.5% ceiling, instead of fluctuating more freely as the BOJ had hoped. The 10-year bond yield was 0.250% on Monday, well off the BOJ's 0.5% cap, as investors loaded up on JGBs that are considered safe-haven assets favoured in times of market stress.

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