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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMorgan Stanley discloses $270 million investment in Grayscale Bitcoin ETF: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's episode, Tiago Sada, head of product, engineering, and design at Worldcoin parent company Tools for Humanity, discusses the foundation's new data protection system.
Persons: Morgan Stanley, explainers, Tiago Sada Organizations: CNBC Crypto, CNBC, Humanity
Chattanooga's utility built a $280 million smart grid, creating $2.7 billion in economic value. The local utility, called EPB of Chattanooga, spent $280 million to refurbish its power system with smart technologies to make a "smart grid." The traditional power grid carries electricity from a power plant to homes and commercial buildings. Smart grids can bring huge economic benefitsEven Congress knows the nation needs a smart grid. Though a smart grid requires a big up-front investment, it can save a lot of money down the line.
Persons: , That's, Tiago Majuelos, Monika Skolimowska, Kevin Schneider, Schneider, Joshua Rhodes, David Wade, EPB, Wade, Taylor, David Swanson, We're Organizations: Infrastructure, Service, Chattanooga Smart, US Department of Energy, Wall Street, Getty, Pacific Northwest National Laboratory, American Society of Civil Engineers, University of Texas, Department of Energy, C Electric Company, BI, Reuters, Nationwide Locations: Chattanooga , Tennessee, Chattanooga, Tennessee, EPB, California, Austin, Hamilton County, Palm Springs , California, Columbia, Southern California
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin briefly drops below $60,000 for the first time since March 5: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Tiago Sada, head of product, engineering and design at Tools for Humanity, Worldcoin's parent company, explains the identity platform's new layer 2 blockchain.
Persons: explainers, Tiago Sada Organizations: CNBC Crypto, CNBC, Humanity
Here are Wells Fargo's top trades for the second quarter
  + stars: | 2024-04-02 | by ( Samantha Subin | ) www.cnbc.com   time to read: +3 min
The second quarter is underway, and Wells Fargo has laid out its top stock ideas to maximize investor returns during the period. Here are some of Wells Fargo's top names for the next three months: Wells Fargo is bullish on Amazon , naming the stock as an overweight tactical idea. Wells Fargo's $211 price target implies about 17% upside from Tuesday's close. Despite a difficult start to the year that saw shares slump about 5%, Wells Fargo anticipates about 15% upside in store for the coffee chain retailer. Wells Fargo named Tesla among its four underweight ideas for the quarter, citing slowing delivery growth and dwindling demand.
Persons: Wells, Stocks, Ken Gawrelski, Wells Fargo's, INSM, Tiago Fauth, Zack Fadem, Colin Langan's Organizations: Insmed, Starbucks, Citigroup, Devon Energy Locations: Wells Fargo, Wells, North America, Monday's
WOLFSBURG, Germany, Oct 31 (Reuters) - VfL Wolfsburg beat RB Leipzig 1-0 courtesy of Vaclav Cerny's first-half goal to eliminate the holders in the German Cup second round and put an end to their two year-reign in the competition. Leipzig, winners in 2022 and 2023 as well as finalists in 2021, were reduced to 10 men early in the second half after Yussuf Poulsen was sent off following a second booking. The Czech winger should have scored a second goal 10 minutes later when a misunderstanding in the Leipzig defence sent him clear on goal once more but he miskicked and fired wide. Leipzig looked more aggressive after the break and hit the woodwork through David Raum. Reporting by Karolos Grohmann Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.
Persons: Vaclav Cerny's, Yussuf Poulsen, Cerny, Tiago Tomas, miskicked, David Raum, Poulsen, Jan Vranckx, Dane, Karolos, Toby Davis Organizations: VfL Wolfsburg, RB Leipzig, Leipzig, Bundesliga, VfB Stuttgart, Champions League, Union Berlin, Bayern, Borussia Dortmund, Hoffenheim, Thomson Locations: WOLFSBURG, Germany, Czech, Leipzig, Bayern Munich, Saarbruecken
With the economy stumbling along slower than the Bank of Canada forecast just last week, analysts said there is no need to raise rates again from 5.0%, a 22-year high. July GDP was revised to being marginally negative from an initial report of zero growth, Statistics Canada said. This data reaffirms our view that the Bank of Canada is done raising rates for this cycle," Figueiredo said. The central bank has said its previous rate hikes are sinking in. The projected contraction in third-quarter annualized growth is far lower than the Bank of Canada (BoC) forecast last week.
Persons: Chris Helgren, Tiago Figueiredo, Figueiredo, Macklem, Benjamin Reitzes, Reitzes, Ismail Shakil, Steve Scherer, Dale Smith, Jonathan Oatis Organizations: Roberts Bank, REUTERS, Rights OTTAWA, Bank of Canada, Canadian, Reuters, Statistics, BoC, BMO Capital Markets, Thomson Locations: Delta, British Columbia, Canada, Canadian, Statistics Canada, Ottawa
CNN —Rapid melting of West Antarctica’s ice shelves may now be unavoidable as human-caused global warming accelerates, with potentially devastating implications for sea level rise around the world, new research has found. Even if the world meets ambitious targets to limit global heating, West Antarctica will experience substantial ocean warming and ice shelf melting, according to the new study published Monday in the journal Nature Climate Change. They act like buttresses, helping hold ice back on the land, slowing its flow into the sea and providing an important defense against sea level rise. While there has been growing evidence ice loss in West Antarctica may be irreversible, there has been uncertainty about how much can be prevented through climate policies. “The thing that’s depressing is the committed nature of sea level rise, particularly for the next century,” Scambos told CNN.
Persons: , Kaitlin Naughten, Naughten, ” Naughten, Ted Scambos, ” Scambos, Scambos, Tiago Segabinazzi Dotto, I’ve Organizations: CNN, British Antarctic Survey, University of Colorado Boulder, , National Oceanography, Science Media Center Locations: West Antarctica, Antarctica
The study, published in the journal Nature Climate Change on Monday, found no matter the degree of warming this century, the melting of the West Antarctic Ice Sheet will speed up as warmer water in the Amundsen Sea erodes ice shelves bordering the ocean. These ice shelves buttress ice further inland, acting as a cork in a bottle that stops their flow into the ocean. The collapse of the West Antarctic Ice Sheet is one of nine global climate 'tipping points' scientists identified in 2009. If the ice sheet were to fully melt, average global sea levels would rise by more than a metre. Antarctic Sea ice saw its lowest maximum extent on record this winter.
Persons: Lauren Dauphin, Kaitlin Naughten, Tiago Segabinazzi Dotto, Gloria Dickie, Ros Russell Organizations: NASA, REUTERS, British Antarctic Survey, West, National Oceanography, Thomson Locations: Antarctica, Handout, Amundsen, London
Decision-making is key because the EU now requires unanimity on foreign and security policy, taxes, EU finances, some areas of justice and home affairs and social security and protection. EU agriculture policy would need to be revamped because the admission of agriculture powerhouse Ukraine would dramatically change current EU direct payments to farmers. A similarly major change would happen to the EU's regional policy, under which poorer EU members receive money to raise their standard of living. The agriculture and regional funds make up two thirds of the EU budget, which totals roughly 1% of the bloc's gross national income a year. The paper, which polarised EU governments when first discussed on Sept. 19, said some countries in the EU should be allowed to form closer cooperation than others, forming four tiers of European integration.
Persons: Laurence Boone, Anna Luhrmann, Tiago Antunes, Jan Strupczewski Organizations: Union, EU, Guiding, Franco, Political, Thomson Locations: BRUSSELS, Spanish, Murcia, Turkey, Ukraine, Moldova, Albania, Bosnia, Herzegovina, Montenegro, North Macedonia, Serbia, Georgia, Kosovo, EU, France
Bank of Canada Governor Tiff Macklem takes part in a news conference after announcing an interest rate decision in Ottawa, Ontario, Canada April 12, 2023. REUTERS/Blair Gable/File Photo Acquire Licensing RightsOTTAWA, Sept 6 (Reuters) - The Bank of Canada on Wednesday is expected to keep rates on hold at a 22-year high of 5% after the economy unexpectedly shrank in the second quarter, analysts said. While the economy turned negative in the second quarter, inflation has been stubborn, unexpectedly rising to 3.3% in July as core measures remained well above 3%. Canada's Liberal Prime Minister Justin Trudeau's support has sagged amid high inflation as his Conservative rival, Pierre Poilievre, hammered him for feeding inflation with government spending and driving up rates during a housing crisis. But core inflation measures are inching down slowly, and a wealth of data is due out before the bank next meets to discuss rates in October.
Persons: Blair Gable, Derek Holt, Justin Trudeau's, Pierre Poilievre, Tiago Figueiredo, Holt, Steve Scherer, Mark Porter Organizations: Canada, REUTERS, Rights, Bank of Canada, of Canada, Scotiabank, Canada's Liberal, Conservative, Bank of Canada's, Desjardins Group, Reuters, BoC, Thomson Locations: Ottawa , Ontario, Canada
“Adults are building more Lego sets for creativity, stress relief, nostalgia and rewarding challenges,” says Ethan Dungan, a Willis, Texas-based artist known for his Lego creations. We spoke to six Lego superfans and artists to get their recommendations of the very best sets for adults available to buy now. For the explorerLego Tales of the Space Age $50 at LegoThis ultracool space-themed set features four connectible 3-D blocks depicting rockets, planets and “retro-styled landscapes inspired by space exploration,” says Catarino. The bookshop’s “phenomenal colors, diverse design techniques, and expandability make this set a great option for adults,” he says. For the architecture buffAs fun as it can be to build Lego sets, displaying them in your home once they’re done can be equally satisfying.
Persons: Rachel Simon, Legos isn’t, , Ethan Dungan, Willis, Joshua Chawner, ” Chawner, you’ll, Jessica Ragzy, Dante Dentoni, Tiago Catarino, “ it’s, I’ve, that’s, Ryan McCullough, McCullough, It’s Organizations: Lego, Lego’s, YouTube, Star Locations: Willis , Texas, Liverpool, England, Lego’s, New York City, Miami Beach, Fla, Lisbon, Orlando
Analysts polled by Reuters had forecast inflation would rise to 3.0% from the 27-month low of 2.8% recorded in June. Money markets increased bets for a quarter-percentage-point rate hike in September. They saw a 35% probability immediately after the release of the inflation data, up from 22% beforehand, and then settled back to a 31% chance. Not all economists thought the stronger-than-expected price data would tip the scales toward a hike as soon as its next meeting in September. The Bank of Canada, after its last rate hike in July, said it would study data closely before moving again.
Persons: Carlos Osorio, Statscan, Derek Holt, Tiago Figueiredo, Jules Boudreau, Ismail Shakil, Steve Scherer, Dale Smith, Paul Simao, Jonathan Oatis Organizations: REUTERS, OTTAWA, Reuters, Statistics, Bank of, Scotiabank, Canadian, Bank of Canada, Desjardins Group, Mackenzie Investments, Thomson Locations: Toronto , Ontario, Canada, Statistics Canada, Mackenzie, Ottawa
A French Festival Focuses (Timidly) on English
  + stars: | 2023-07-13 | by ( Laura Cappelle | ) www.nytimes.com   time to read: +1 min
As soon as the Portuguese director Tiago Rodrigues took over at the Avignon Festival, France’s biggest theater event, he announced a symbolic move: Under his direction, there would be a special focus on a different language every year, starting, this summer, with English. There was wincing from some quarters: To many in France, English is already far too culturally dominant. Of several dozen productions in the official lineup of this year’s festival, which runs through July 25, only six plays are predominantly in English. So far, however, the most intriguing discovery has been the sole American entry, “Baldwin and Buckley at Cambridge,” from Elevator Repair Service. From tables on opposite sides of the stage, Greig Sargeant (Baldwin) and Ben Williams (Buckley) spar with effective solemnity.
Persons: Tiago Rodrigues, hasn’t, Tim Etchells, Alexander Zeldin, “ Baldwin, Buckley, James Baldwin, William F, Buckley Jr, Greig Sargeant, Baldwin, Ben Williams Organizations: Avignon, France’s, Royal Court, Cambridge, Repair Service Locations: Portuguese, France, Avignon, British, , United States
"We expect the Bank of Canada to raise its policy rate to 5.00% and leave the door open to more hikes this fall." Twenty of 24 economists surveyed by Reuters expect the central bank to lift rates by another quarter of a percentage point and then hold them there well into 2024. Money markets see more than a 70% chance of a rate hike on Wednesday, and are fully pricing in such a move by September. Canada added far more jobs than expected in June, according to data published on Friday. "And let's face it, inflation is still above the Bank of Canada's 2% target."
Persons: Royce Mendes, Tiago Figueiredo, Doug Porter, Porter, Steve Scherer, Fergal Smith, Paul Simao Organizations: OTTAWA, Bank of Canada, BoC, Bank of Canada's, Group, Reuters, BMO Capital Markets, Thomson Locations: Canadian, Canada
Factbox: Europe's ongoing strike-related travel disruptions
  + stars: | 2023-07-10 | by ( ) www.reuters.com   time to read: +4 min
The travel industry is on high alert for disruption after Europe's peak season last year was hit by cancellations, causing chaos at airports. This summer, air traffic control issues are likely to be the weak spot, according to warnings from Eurocontrol, which manages European airspace. Heathrow Airport security workers on June 23 called off 31 days of strikes planned at Britain's busiest hub. At Birmingham Airport, around 100 security officers and terminal technicians will begin continuous strike action from July 18. The strikes will severely impact the airport's security and terminal maintenance, leading to flight delays, the Unite union said.
Persons: Hannah McKay, Tiago Brandao, Pierre John Felcenloben, Antonis Triantafyllou, Milla Nissi Organizations: British Airways, Heathrow Airport, REUTERS, BELGIUM Ryanair, BRITAIN, Heathrow, Birmingham Airport, Glasgow, FRANCE Air, ATC, Nantes, Ryanair, Reuters, SPAIN Pilots, Iberia Regional Air Nostrum, Air Nostrum, Air Europa, Swedish Transport Workers, Union, Geneva, Thomson Locations: London, Britain, BELGIUM, Belgium, Charleroi, Europe, Gatwick, France, Paris, Orly, Lyon, Marseille, Nice, Toulouse, Bordeaux, ITALY, PORTUGAL, Portugal, Iberia, Spain, SWEDEN
“It’s a battle on so many fronts, it’s exhausting,” Dembélé said. It culminates in rousing excerpts from “Les Indes Galantes,” but prefaces them with a string of slow-moving scenes, outdoors then inside, that feel like a meditation on emancipation. In Avignon, “G.R.O.O.V.E.” starts at a symbolic spot: in front of the city’s Papal Palace, the imposing site most identified with the event. Ushers then lead the audience to the nearby Avignon Opera, where three groups are formed. “Through us,” Dembélé said, “the street moves into the opera house and subverts it.” Tiago Rodrigues, the new director of the Avignon Festival, said that was the reason he chose Dembélé to open this year’s edition: “It’s a show of the openness and spirit of diversity we want for the festival.”
Persons: , ” Dembélé, Alice Diop, “ Saint Omer, , Dembélé, “ Les, Célia Kameni, ” Tiago Rodrigues Organizations: Lille Opera, Avignon Opera Locations: French, Avignon
OTTAWA, June 30 (Reuters) - Canada's economy regained momentum in May after stalling in April, Statistics Canada data showed on Friday, leaving the door open for the Bank of Canada to hike interest rates in July. The economy was unchanged in April from March, missing forecasts, in what economists said was the fallout from a federal civil servant strike in April. Canada's goods-producing sector expanded 0.1% in April, but were offset by a slight decline in the service-producing sector. Figueiredo expects the central bank to raise interest rate by another 0.25% in July. Money markets see a roughly 61% chance of the central bank hiking rates in July.
Persons: Statscan, it's, Doug Porter, Desjardins, Tiago Figueiredo, Figueiredo, Ismail Shakil, Nivedita Balu, Dale Smith, Jonathan Oatis, Philippa Fletcher Organizations: OTTAWA, Statistics, Bank of Canada, Reuters, BMO Capital Markets, Public Service Alliance of Canada, Toronto Stock, Canadian, Thomson Locations: Statistics Canada, Ottawa, Toronto
Against this violent backdrop, Marcelo Modesto, a City of God native, is using golf to try to transform the lives of the children who live there. However, amidst this bleak environment, Modesto’s golf academy stands as a sanctuary, offering hope and protection to the children within its confines. Maybe we could have a golf Pele … from one of our poor communities.”Tiago Albuquerque teaches English to children from Modesto’s golf academy. In addition to us having to teach golf, we have to be a psychologist, a social worker,” Modesto explains. “It’s changed my life”For the children enrolled there, the golf academy can be transformative, providing opportunities on and off the course.
Persons: favela, Marcelo Modesto, Modesto, , , Carlos Favoreto, biggie, Pele …, Tiago Albuquerque, Cameron Bauer, ” Albuquerque, ” Modesto, “ It’s, “ Marcelo, David Loreno Marcelo Moreno, Alexandre Gomes Goncalves Organizations: CNN, God, Brazil’s Public Security Institute, , Deus, UNICEF Locations: “ City, Rio De Janeiro, Rio de Janeiro, Modesto, Rio, , Brazil, Europe
CNN —It’s not surprising that Apple’s debut Monday of its $3,499 Vision Pro headset integrating virtual and augmented reality was greeted with mixed reactions, including skepticism, criticism and even lampooning. Each previous incarnation of a headset that immerses the wearer in a virtual world (called virtual reality, or VR) or lets wearers see their surroundings with virtual objects overlaid on them (augmented reality, or AR) started with overhyped expectations only to flame out. I am also doing my doctoral research on the history of virtual and augmented reality (known together as “extended reality”). These apps will be available to Vision Pro users as well. It’ll do anything your Mac or iPhone can do — and more.”And that’s why I believe that over time Apple’s Vision Pro will actually make science fiction scenarios of ubiquitous computing a reality.
Persons: Rizwan Virk, CNN — It’s, Rizwan, Tom Cruise’s, , Mark Zuckerberg’s, Tiago Amorim, Adrees Latif, I’m, Cathy Hackl, Samantha Kelly, I’d, Bob Iger, Tim Cook, CNN’s Kelly, Ivan Sutherland, Apple, , Cook, , you’ll, Tom Cruise Organizations: Labs, MIT, Physics, Eastern, Arizona State University’s College of Global Futures, Twitter, CNN, Meta, Google, Microsoft, HTC, Samsung, Sony, Reuters, Massachusetts Institute of Technology, Apple, VR, Vision, Disney, Facebook Locations: Brazil, Manhattan , New York
Factbox: Companies invest in EV battery factories in Europe
  + stars: | 2023-05-31 | by ( ) www.reuters.com   time to read: +6 min
Below are recent investments announced by companies:GERMANYSweden's Northvolt said on May 13 it will invest 3-5 billion euros ($3.3-5.5 billion) in an EV battery plant in Heide in the northern state of Schleswig-Holstein as long as subsidies are approved. Volkswagen (VOWG_p.DE) plans to build six battery factories in Europe totalling 240 gigawatt (GWh) of capacity by 2030. Production at its first battery plant, "SalzGiga", in Salzgitter in the Lower Saxony region will start in 2025. Slovakian battery manufacturer InoBat said last October it had signed a declaration of intent with the Spanish government to set up an EV battery factory in central Spain's city Valladolid, expected to cost 3 billion euros. POLANDLG Chem EV battery in Wroclaw started production in the second half of 2017, with a capacity of 100,000 batteries per year.
Persons: Helena Soderpalm, GERMANY Sweden's Northvolt, China's CATL, Germany's, Mercedes Benz, Elon Musk, Berclau, Taiwan's ProLogium, Jean, Luc Monfort, Mata, BASQUEVOLT, InoBat, China's BYD, AEHRA, Poland's, Alessandro Parodi, Tiago Brandao, Matteo Allievi, Barbara Lewis, Milla Nissi Organizations: REUTERS, Volkswagen, EV, Germany's BASF, Automotive Cells Company, ACC, Stellantis, Tesla, FRANCE Joint, France, Renault, Basque Country, Spanish, India's Tata Group, ITALY Joint, POLAND LG, European Commission, SWEDEN Northvolt's Skelleftea, Thomson Locations: Vasteras, Sweden, Europe, Asia, United States, GERMANY, Heide, Schleswig, Holstein, Salzgitter, Lower Saxony, China, Erfurt, Thuringia, Schwarzheide, Brandenburg ., Ludwigsfelde, Berlin, Kaiserslautern, Rhineland, Palatinate, Gigafactory, FRANCE, Billy, France, Dunkirk, Douai, Ruitz, Ergué, Quimper, Montreal, SPAIN Spain, Europe's, Germany, Navalmoral de, Extremadura, Sagunto, Valencia, Spain, Basque, Slovakian, Spain's, Valladolid, Britain, ITALY, Termoli, POLAND, Wroclaw, HUNGARY
[1/2] The logo of Spanish energy, construction and services conglomerate Acciona, is projected on a wall during company's annual shareholder meeting in Alcobendas, outside Madrid, May 10, 2016. REUTERS/Sergio Perez/File PhotoMarch 31 (Reuters) - Spanish engineering firm Acciona (ANA.MC) and Germany's Nordex (NDXG.DE) said on Friday they teamed up to develop green hydrogen projects within the next 10 years in the United States, Latin America and Africa. Acciona owns a 41% stake in Nordex and its energy unit Acciona Energias (ANE.MC) will also participate in the joint venture. The joint company will not operate in Spain and Portugal, where Acciona Energias has an alliance with Plug Power (PLUG.O). Green hydrogen is seen as a potential solution to decarbonising heavy transport including commercial shipping.
[1/2] A man walks past a logo of Alphabet Inc's Google in front of an office building in Zurich, Switzerland July 1, 2020. REUTERS/Arnd Wiegmann/File Photo/File Photo/File PhotoMarch 28 (Reuters) - Spain's competition watchdog CNMC has opened a disciplinary case against Google for alleged anti-competitive practices affecting publishers and Spanish news agencies, the regulator said on Tuesday. CNMC said it was investigating whether Google had abused its dominant position in the Spanish market. The proceedings involve Google LLC, Google Ireland Ltd, Google Spain, S.L. The alleged practices also include distorting free competition and imposing unfair conditions on press publishers and Spanish news agencies, CNMC said.
[1/3] Branches of trees sway as cyclone Freddy hits, in Quelimane, Zambezia, Mozambique, March 12, 2023, in this screen grab taken from a handout video. It pummelled central Mozambique on Saturday, ripping roofs off buildings and bringing widespread flooding around the port of Quelimane, before moving inland towards Malawi with torrential rains that caused landslides. At least six people died in Mozambique's Quelimane, which was struck hard by the storm, authorities told the public broadcaster on Monday. The total number killed by storm Freddy in Mozambique, Malawi and Madagascar since it first made landfall last month is now nearing 100. Malawi has been battling the deadliest cholera outbreak in its history, and U.N. agencies have warned the situation could now get worse.
[1/2] Bank of Canada Governor Tiff Macklem holds a news conference at the Bank of Canada, amid the coronavirus disease (COVID-19) outbreak, in Ottawa, Canada, June 22, 2020. "We expect the Bank of Canada to be the first G10 central bank to hold rates," said Jay Zhao-Murray, a forex analyst at Monex Canada. Money markets expect the policy rate to be left on hold on Wednesday but are pricing in another tightening by September. "Look for the Bank of Canada to point to slowing GDP growth and inflation when justifying its decision to maintain the level of rates," said Royce Mendes and Tiago Figueiredo, Desjardins economists, in a note. "The central bank is unlikely to do much to endorse the view that further rate hikes will be necessary," they said.
The technology, known as generative AI, has been pioneered by OpenAI, the lab behind the ChatGPT writing system and the Dall-E visual illustration generator. Copilot, as well as other tools from Amazon.com Inc., International Business Machines Corp. , and startups like Tabnine Inc. and Magic AI Inc., have quickly found a receptive audience among developers seeking a productivity boost. The AI model behind Copilot is trained on data from GitHub, which houses a popular open-source community where developers contribute and share code. Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. And, with a tightening economy in mind, Hyland Software is holding back on spending for any new tools or technologies.
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