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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAutomotive expert discusses what to expect at the 2024 Beijing Auto ShowFabian Brandt, global head of automotive at Oliver Wyman, discusses the "brutal" price war in the electrical vehicle market and how Chinese players compare with their Western counterparts.
Persons: Fabian Brandt, Oliver Wyman Locations: Beijing
Despite the blue-collar affectations of some of its most visible leaders or the populist rhetoric of its most vocal cheerleaders, it has never been more obvious that the Republican Party is the party of the boss, and in particular the party of the small-business tyrant. Who or what is the small business tyrant? It’s the business owner whose livelihood rests on a steady supply of low-wage labor; who opposes unions, resents even the most cursory worker protections and employee safety regulations, and who views those workers as little more than extensions of himself, to use as he sees fit. The small-business tyrant is, to borrow an argument from the writer and podcaster Patrick Wyman, an especially reactionary member of America’s landowning gentry: local economic elites whose wealth comes primarily from their ownership of physical assets. Those assets, Wyman explains, “vary depending on where in the country we’re talking about; they could be a bunch of McDonald’s franchises in Jackson, Mississippi, a beef-processing plant in Lubbock, Texas, a construction company in Billings, Montana, commercial properties in Portland, Maine, or a car dealership in western North Carolina.”To look at Republican politics at the state level is to see an economic agenda dominated by the worst of this particular class.
Persons: podcaster Patrick Wyman, Wyman Organizations: Republican Party, Republican Locations: Jackson , Mississippi, Lubbock , Texas, Billings , Montana, Portland , Maine, North Carolina
Outlook for European banks remains positive: Oliver Wyman
  + stars: | 2024-04-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOutlook for European banks remains positive: Oliver WymanChristian Edelmann, managing partner for Europe at Oliver Wyman, discusses the outlook for European banks.
Persons: Oliver Wyman Christian Edelmann, Oliver Wyman Organizations: Outlook, Europe
There is one skill all young people need to thrive in the workplace — today and in the future — and it's been around for thousands of years. The type of storytelling may not matter, because the platforms people use to communicate can rapidly change. IT business consultancy Gartner reportedly bought L2 Inc. for more than $130 million in 2017, according to regulatory filings. The importance of storytelling is particularly why young people shouldn't rely solely on generative artificial intelligence tools like ChatGPT — not now, not ever, said Galloway. Management experts agree — understanding AI is important, but it isn't the sole skill needed to succeed at work.
Persons: it's, Scott Galloway, Galloway, Oliver Wyman Organizations: CNBC, SXSW, New York University Stern School of Business, L2 Inc, Gartner, ChatGPT, Management Locations: Galloway
Barbara Rush, the supremely poised actress who rose to fame with supporting roles in 1950s films like “Magnificent Obsession” and “The Young Lions,” died on Sunday at her home in Westlake Village, Calif., in Los Angeles County. The death, in a senior care facility, was confirmed by her daughter, Claudia Cowan. If Ms. Rush’s portrayals had one thing in common, it was a gentle, ladylike quality, which she put to use in films of many genres. She was Jane Wyman’s concerned stepdaughter in the 1954 romantic drama “Magnificent Obsession” and Dean Martin’s loyal wartime girlfriend in “The Young Lions” (1958), set during World War II. In 1950s science fiction pictures like “It Came From Outer Space” and “When Worlds Collide,” she was the small-town heroine, the scientist’s daughter, the Earthling most likely to succeed.
Persons: Barbara Rush, , Claudia Cowan, Jane Wyman’s, Dean Martin’s, Organizations: The Young Lions, “ The Young Lions Locations: Westlake Village, Calif, Los Angeles County
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestor sentiment on China has improved in the last 12 months, Oliver Wyman partner saysBen Simpfendorfer, partner at Oliver Wyman, discusses U.S.-China relations and the "derisking" of supply chains.
Persons: Oliver Wyman, Ben Simpfendorfer Locations: China
CNN —The Supreme Court on Tuesday will hear its first abortion case since the 2022 reversal of Roe v. Wade and upheaval of reproductive rights in America. All the while, public regard for the Supreme Court has degenerated. Supreme Court Justice Stephen Breyer is photographed at his home in Cambridge, Massachusetts, in September 2015. Dirck Halstead/The LIFE Images Collection/Getty Images Breyer and his daughter Chloe jog with Clinton in May 1994. Mai/The LIFE Images Collection/Getty Images Breyer works in his office with his staff of clerks in June 2002.
Persons: Roe, Wade, Joe Biden, Donald Trump, Dobbs, Biden, Elizabeth Prelogar, mifepristone, Prelogar, what’s, , Susan B, Anthony Pro, , Evelyn Hockstein, Breyer, Stephen Breyer, Justice Ketanji Brown Jackson, Samuel Alito, Hodges, Trump, , ” Breyer, Damon Winter, Stephen, Irving, Anne, Charles ., Chloe, Nell, Michael —, Joanna Breyer, Ira Wyman, Sygma, Byron White, Ruth Bader Ginsburg, John Harrington, Joanna, John Tlumacki, Bill Clinton, Clinton, Harry Blackmun, Dirck Halstead, Doug Mills, US Sen, Ted Kennedy, Laura Patterson, John Blanding, Colin Powell, George W, Bush, Mai, David Hume Kennerly, Seuss, Evan Vucci, Charles, Marcio Jose Sanchez, William Rehnquist, Clarence Thomas, David Souter, William Kennedy, Antonin Scalia, Sandra Day O'Connor, John Paul Stevens, Chip Somodevilla, John Roberts, Pablo Martinez Monsivais, Samuel Alito's, Gerald Herbert, Cole Mitguard, Mourning, Penni Gladstone, Clara Scholl, Elise Amendola, Nicholas Kamm, Michelle Obama, Barack Obama, Alex Wong, ABC's George Stephanopoulos, Heidi Gutman, Andrew Harrer, Hu Jintao, Eli, Shutterstock Breyer, Britain's Prince Charles, Mandel Ngan, Tom Williams, Carolyn Kaster, Ben Bradlee, Bill O'Leary, Pete Marovich, Stephen Colbert, Jeffrey R, Win McNamee, Elena Kagan, Neil Gorsuch, Anthony Kennedy, Sonia Sotomayor, Maureen Scalia, Andrew Harnik, Brett Kavanaugh, Amy Coney Barrett, Erin Schaff, Abraham Lincoln, George Washington, Saul Loeb, Ketanji Brown Jackson, Patrick, Fred Schilling, Matthew Kacsmaryk, Erin Hawley, GYN, Organizations: CNN, Alabama Supreme, Republican, Food, Drug Administration, FDA, Jackson, Health Organization, District of Columbia, America, United States Conference of Catholic Bishops, Alamo Women's, Reuters, Supreme Court, Democratic, Supreme, New York Times, Harvard Law School, Appeals, First Circuit, Circuit, Getty, White House, Airport, Boston Globe, US, Suffolk University Law School, Francisco's Lowell High School, San Francisco Chronicle, Belgium's Catholic University of Louvain, Georgetown University Law Center, Administrative, Administrative Conference of, Jewish American Heritage Month, Walt Disney Television, Bloomberg, White, Office, Committee, Washington Nationals, Washington Post, Financial Services, General Government, CBS, State, The New York Times, Library of Congress, Alliance, Hippocratic, Alliance for Hippocratic, OB, Department, Justice Locations: America, New York, Carbondale , Illinois, Cambridge , Massachusetts, Maine , Massachusetts, New Hampshire, Puerto Rico, Rhode Island, AFP, San Francisco, Lowell, Washington , DC, United States
Generative AI isn't just a buzzy new topic – it's revolutionizing the workforce. Generative AI is a type of artificial intelligence capable of generating images, text or other content. Nearly three in five whitecollar employees report using generative AI on a weekly basis. Oliver WymanOliver Wyman conducts monthly surveys of more than 200,000 people across 20 countries to gather data about attitudes surrounding Generative AI and other trends. "Generative AI lacks the contextual nuance and ethical judgment that humans should apply in analysis," a spokesperson for Oliver Wyman told CNBC Make It.
Persons: ChatGPT, Oliver Wyman Oliver Wyman, Oliver Wyman, we’re Organizations: McKinsey, CNBC
Read previewWhen the chief executive of cryptocurrency startup Anchorage Digital posted a message in the company's "announcements" Slack channel in late November about an executive's departure, employees started buzzing. Just over a year after it received the charter, the OCC issued a consent order against Anchorage in April 2022. Regulators are aggressively scrutinizing crypto players and prioritizing monitoring crypto compliance. Regulators' viewThe OCC is now led by Michael Hsu, the former Federal Reserve regulator and self-described crypto skeptic who has viewed crypto companies' regulatory compliance in some areas as inadequate. A crypto bank would face risks in safeguarding digital assets in its custody, maintaining appropriate hedges in crypto-lending, and adhering to capital requirements specific to crypto assets, said Kim, who studies crypto and blockchain technology.
Persons: , Georgia Quinn, Nathan McCauley's, McCauley, Goldman Sachs, Andreessen Horowitz, Quinn, Brian Brooks, CoinDesk, Oliver Wyman, FTI, Brooks, Michael Hsu, Hsu, Evelyn Hockstein, Mark duBose, Seoyoung Kim, University's, Kim, Diogo Mónica, Axel Springer, Mark McCombe, Max Levchin, BNY, Seyfarth Shaw, Ellenoff Grossman, it's Organizations: Service, Anchorage, Business, Citadel Securities, Apollo Global Management, Visa, OCC, Regulators, Securities, Exchange, IBM, KPMG, Anchorage Digital Bank National Association, Federal Reserve, Reuters, Business Insider, Santander Bank, University's Leavey School of Business, KKR, BlackRock, BNY Mellon Locations: Anchorage, United States, Santa, San Francisco, Portugal
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailShift underway to more headwinds for European banks, analyst saysChristian Edelmann, managing partner for Europe at Oliver Wyman, tells CNBC's Joumanna Bercetche that there is a shift from tailwinds to headwinds for European banks when it comes to net interest income, and this will be key to watch in earnings over the next few days.
Persons: Christian Edelmann, Oliver Wyman, CNBC's Organizations: Europe Locations: headwinds
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementRecent advances in generative AI, spurred by OpenAI's ChatGPT , mean the technology is now a much bigger problem. In the UK, research by Fenimore Harper Communications found more than 100 deepfake video ads impersonating Prime Minister Rishi Sunak on Facebook. Though it's not clear exactly who is behind the deepfakes in the US and UK, the recent proliferation of AI means almost anyone with internet access and an AI tool can cause some havoc. Earlier this month, OpenAI unveiled its plans to prevent the misuse of AI ahead of this year's elections.
Persons: , Ethan Mollick, OpenAI's ChatGPT, Joe Biden, Deepfake robocalls, Joe Biden's, Drew Angerer, Biden, Rishi Sunak, Leon Neal, Fenimore Harper's, Meta, it's, Mollick, OpenAI, Lisa Quest, Oliver Wyman, Spriha Srivastava Organizations: Service, Business, Voters, Wharton, NBC News, PLOS, Fenimore Harper Communications, Facebook, UK, Ireland Locations: Britain, India, Mexico, New Hampshire, Turkey, Malaysia, Philippines, United States, Davos
AdvertisementThe annual World Economic Forum just wrapped up in Davos, Switzerland, and talk of artificial intelligence was just about everywhere. AdvertisementPlenty of companies touted their AI wares at the World Economic Forum in Davos this year. Related storiesAt Automation Anywhere, which, as its name suggests, works on automating work, the customer-service team shrank when AI was implemented. Others I spoke to agreed: Many businesses have small-scale AI experiments running, often with promising results so far. These AI projects are expensive, and not every company has the financial or human capital to pursue an ambitious AI strategy.
Persons: Matt Turner, , Sam Altman, Rob Goldstein, copilots, Jason Girzadas, he'd, Oliver Wyman, Deb Cupp, Mihir Shukla, Ana Kreacic, Shukla, Becky Frankiewicz, Lareina Yee, WEF, Satish H.C, Mustafa Suleyman, DeepMind, Kapilashram, Azeem Azhar, Dan Vahdat Organizations: Economic, Service, Tech, Infosys, IBM, Builder.ai, Cisco, Qualcomm, Salesforce, BlackRock, Deloitte, Microsoft, Oliver Wyman Group, Standard Chartered, McKinsey, Huma Therapeutics Locations: Davos, Switzerland
A pedestrian carrying an umbrella walks along the River Thames in view of City of London skyline in London, Britain, July 31, 2023. Finance executives, consultants and headhunters interviewed by Reuters predict subdued deal flows, modest bonuses for most and heavy job cuts in 2024. "2023 will ultimately be one of the lowest corporate finance fee pools in modern history," said Fabrizio Campelli, head of Corporate Bank and Investment Bank at Deutsche Bank. JOB CUTSBanks have already turned to cost cuts to try to weather the downturn, which in a people-intensive business means job losses. And although some bankers expect a tough 2024, others sense an opportunity for European banks from the Basel Endgame.
Persons: Hollie Adams, Fabrizio Campelli, Banks, Ronan O'Kelly, Oliver Wyman, O'Kelly, Dominic Hook, Goldman Sachs, Vis Raghavan, JP Morgan, Morgan McKinley's, Stephane Rambosson, headhunter, Rambosson, Ana Botin, Morgan's Raghavan, there's, Oliver Wyman's O'Kelly, Deutsche's Campelli, Anousha Sakoui, Carolyn Cohn, Jesus Aguado, Alexander Smith Organizations: REUTERS, LONDON, Finance, Reuters, Corporate Bank, Investment Bank, Deutsche Bank, Organisation for Economic Cooperation, Development, Barclays, Lloyds, Challenger Metro Bank, UBS UBSG.S, Citi, Workers, Global Investment Banking, Employment, European Union, Santander, Global, Basel, Thomson Locations: City, London, Britain, Europe, Middle East, Africa, Ukraine, West, China, United States, India, Madrid
Traders work on the floor of the London Metal Exchange in London, Britain, September 27, 2018. Both explicitly allow for the cancellation of trades "in exceptional cases", which would be a fair description of last year's nickel market meltdown and the resulting threat of multiple member defaults. This is a case of "knowing one when you see one" or "the elephant test" in legal precedent, the judges said. Nor would it have affected Chamberlain's assessment that nickel trading had become irrational and disorderly on the morning of March 8. LME trading has been transformed by the crisis in the form of permanent caps on time-spreads and limits on intraday price movements.
Persons: Simon Dawson, Elliott, Jonathan Swift, Robert Bright, Matthew Chamberlain, Jane Street, Chamberlain, China's, Xiang Guangda, Oliver Wyman, Tsingshan, Barbara Lewis Organizations: London Metal Exchange, REUTERS, London High, Elliott Associates, Jane, Global Trading, Financial, Authority, China's Tsingshan, Reuters, Thomson Locations: London, Britain, U.S
It’s hard to say precisely when Silverton, Colo., started to come apart, but the town election of April 7, 2020, might be a good moment to begin the story. That was when a young, progressive New York lawyer and adventure skier named Shane Fuhrman beat the longtime fire chief Gilbert Archuleta, part of Silverton’s old guard, by 10 votes to become the new mayor. To supporters, mainly of his generation, Fuhrman, 42, represented progress. After working at top finance firms in Manhattan, he had returned to his native Colorado and renovated the old Wyman Hotel on Greene Street, not in the mountain-town Victorian style of the Grand Imperial a block away, but as an elegant, hip boutique inn, with rooms going for as much as $385 a night. To Fuhrman’s opponents in the former mining town of 796 residents, he was the incarnation of the T Word, Telluride, and the A Word, Aspen, with their staggering housing prices, luxury outposts and billionaire denizens.
Persons: Shane Fuhrman, Gilbert Archuleta, Wyman Organizations: Aspen Locations: Silverton, Colo, New York, Manhattan, Colorado, Greene, Imperial, Telluride
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTop players in private credit will outperform new entrants in the space, says Oliver Wyman's SteenisHuw Van Steenis, vice-chair and partner at Oliver Wyman, joins 'Squawk on the Street' to discuss his worries about the growing private credit market, why there may not be a crisis of confidence in the private credit market, and more.
Persons: Oliver Wyman's, Huw Van Steenis, Oliver Wyman
The letters were just the latest worrisome disruption for election workers in Seattle and across the country who have been besieged by threats, harassment and intimidation since the 2020 presidential election. Fulton County has been the target of conspiracy theories since the 2020 election, and its election workers have been harassed and threatened over false claims that they were stuffing ballots to aid Democrats. In Pennsylvania, officials estimate 40 of the state’s 67 county election offices have new directors or deputy directors since 2020. In North Carolina, where Republican lawmakers recently moved to gain more control of state and local election boards, roughly a third of 100 county election directors have left since the 2020 election. About 1 in 5 election workers knows someone who left their election job for safety reasons, and about 70% of local election officials said harassment has increased, according to a Brennan Center survey.
Persons: “ There’s, , Julie Wise, we’re, , Brad Raffensperger, ” Raffensperger, , Barb Byrum, ” Byrum, Kim Wyman, ” Wyman, Liz Howard, Wise, Ed Komenda, Manuel Valdes, Jeff Amy, Lindsay Whitehurst Organizations: ATLANTA, FBI, U.S . Postal, Service, Authorities, Georgia, Republican, Justice Department, Brennan, Associated Press Locations: King County , Washington, Washington, Seattle, King, Georgia, Nevada , California, Oregon, Atlanta’s Fulton County, Fulton County, Ingham County , Michigan, Pennsylvania, Nevada, Arizona, North Carolina, Virginia, Tacoma , Washington, Atlanta
Gen Z workers expect to change careers three times in their lives. It found that 73% of Gen Z are not afraid to take a pay cut to pursue a more fulfilling career. AdvertisementAdvertisementGen Z workers are known for their job-hopping tendencies, and a new survey has found that they expect to change their careers at least three times over their lifetimes. It found that Gen Z plans to switch careers at least three times over their working life, which is once more than any other generation before them. Gen Z are more likely to prioritize their wellbeing and happiness than other generations.
Persons: , Gen, Gen Z, X, Gen X, Kristen Buckheit, Zers, Oliver Wyman, they're, Z, doesn't, Nick Bunker, Jeff Hyman, Rockstars, they've Organizations: Resource Solutions, Service, Solutions, Boomers, Federal Reserve Bank of Atlanta, North America, Indeed's, New York Times Locations: Millennials, Chicago
Rolling Stones top UK charts with new album 'Hackney Diamonds'
  + stars: | 2023-10-27 | by ( ) www.reuters.com   time to read: +2 min
[1/2] Member of the Rolling Stones Mick Jagger performs during a private record release party of their new album "Hackney Diamonds" in New York City, U.S., October 19, 2023. REUTERS/Shannon Stapleton/File Photo Acquire Licensing RightsLONDON, Oct 27 (Reuters) - The Rolling Stones topped the British music charts on Friday, securing their 14th UK No. 1 album with new record “Hackney Diamonds”. 1 on the UK’s Official Albums Chart, it added. "Hackney Diamonds", the Stones' first album of original material since 2005 and the first recording since drummer Charlie Watts died in 2021, also topped the Official Vinyl Albums Chart.
Persons: Mick Jagger, Shannon Stapleton, Keith Richards, Ronnie Wood, Robbie Williams, Bruce Springsteen, Charlie Watts, Paul McCartney, Elton John, Stevie Wonder, Lady Gaga, Bill Wyman, Steve Jordan, Jagger, Richards, Wood, guirtarist, Tom DeLonge, Kenya Grace, Marie, Louise Gumuchian, David Gregorio Our Organizations: REUTERS, Hackney, Company, Kenya, Thomson Locations: New York City, U.S, Australia, Germany, London , New York, Los Angeles, Nassau
Lewiston police shared images of a man walking into what appears to be a bowling alley holding a high-powered, assault-style rifle. Our prayers go out to all those working to stop further loss of life,” Lewiston Public Schools said in a post. People ran out of bowling alleyLaw enforcement officers stand with rifles outside Central Maine Medical Center in Lewiston, Maine, on Wednesday. Arel and her daughter saw officers patting people down as they came out of the bowling alley, she said. Androscoggin County Sheriff's office• 10:18 p.m.: Lewiston City Councilor Robert McCarthy tells CNN the death toll was at 22 people killed.
Persons: Robert Card, Mike Sauschuck, Robert McCarthy, , ” McCarthy, ‘ That’s, wasn’t, Ryan McGee, , ” McGee, ” Schemengees, ” Sauschuck, , Sauschuck, Lewiston Mayor Carl Sheline, ” Sheline, Joe Biden, Steven Senne, Nichoel Wyman Arel, CNN’s Laura Coates, Arel, ” Arel, we’re, Jason Levesque, ” Levesque, there’s “, CNN’s Jamiel Lynch, Josh Campbell, Chris Boyette, Joe Sutton Organizations: Maine CNN, Lewiston Police, US Army Reserves, CNN, National Guard, ” Maine’s Department of Public, Lewiston, Schemengees, Lincoln, Authorities, , Recreation, Central Maine Medical, Maine State Police, Lewiston Mayor, CNN Wednesday, ” Maine State Police, Facebook, Lewiston Public Schools, Portland Public Schools, , Central Maine Medical Center, Twitter, Auburn, Androscoggin County Sheriff’s, Lewiston police, Lewiston City, Police, Maine Department of Public, FBI, FBI Boston Division, Alcohol, Tobacco, Firearms, Explosives Locations: Lisbon, Maine, Lewiston , Maine, Lewiston, Saco , Maine, Lewiston City, United States, Bowdoin , Maine, Bowdoin, , Portland, Auburn, Androscoggin County, Lewiston ”, City, Boston
CNN —Eighteen people were killed in a mass shooting at two locations in Lewiston, Maine, Wednesday night, Gov. Here’s a timeline of how the shooting and the manhunt have unfolded so far. 8:09 p.m.: State Police order people to remain indoorsMinutes later, Maine State Police said there was “an active shooter in Lewiston,” and asked members of the public to stay inside with their doors locked. Maine State Police said the image showed a car belonging to a person of interest. “Please contact law enforcement if you are aware of his whereabouts.”Police are seen near Schemengees Bar in Lewiston, Maine, on Thursday, the morning after a shooting there.
Persons: Janet Mills, , Robert Card, William G, Ross, ” Ross, Nichoel Wyman Arel, , , Joseph Prezioso, Sauschuck, ” Sauschuck, Nouran Salahieh Organizations: CNN, Authorities, US Army Reserves, Auburn, Recreation, Lewiston Police Department, Girl Scouts, Androscoggin County Sheriff’s Office, Facebook, Police, Maine State Police, Twitter, Lewiston, Lewiston Police, ” Police, Getty, , Bowdoin Maine State Police, Hannaford Locations: Lewiston , Maine, Maine, Lewiston, , Androscoggin County, , Auburn, Androscoggin, Schemengees Bar, AFP, Lisbon , Maine, Lisbon, Bowdoin, , Portland
By David GaffenNEW YORK (Reuters) - It was a gas, gas, gas in a club on Manhattan's West Side late on Thursday, where the Rolling Stones held a private launch party for their first new album in 18 years. The Stones closed with an appearance by Lady Gaga for "Sweet Sounds of Heaven," a slow, blues-infused number off the new album that recalls the band's 70s classic "Moonlight Mile." Gaga and Jagger mimicked each other's dance movies as they alternated vocals, Gaga in a shimmering red-and-black one-sleeved jumpsuit, Jagger wearing a customarily tight black shirt. The latter has been a member of the band for nearly 50 years despite joining in 1975, 13 years after the Stones were formed. The album closes with the song "Rolling Stone Blues," a Muddy Waters song that was the origin of the band's name.
Persons: David Gaffen, Mick Jagger, Jumpin, Jack Flash, Lady Gaga, Gaga, Jagger, Charlie Watts, Keith Richards, Ron Wood, Stevie Wonder, Paul McCartney, Elton John, Bill Wyman, Watts, Lincoln Organizations: Racket, Stone Locations: York, New York
[1/4] The members of the Rolling Stones Mick Jagger, Keith Richards and Ronnie Wood perform during a private record release party of their new album "Hackney Diamonds" in New York City, U.S., October 19, 2023. REUTERS/Shannon Stapleton Acquire Licensing RightsNEW YORK, Oct 20 (Reuters) - It was a gas, gas, gas in a club on Manhattan's West Side late on Thursday, where the Rolling Stones held a private launch party for their first new album in 18 years. The Stones closed with an appearance by Lady Gaga for "Sweet Sounds of Heaven," a slow, blues-infused number off the new album that recalls the band's 70s classic "Moonlight Mile." Gaga and Jagger mimicked each other's dance movies as they alternated vocals, Gaga in a shimmering red-and-black one-sleeved jumpsuit, Jagger wearing a customarily tight black shirt. The album closes with the song "Rolling Stone Blues," a Muddy Waters song that was the origin of the band's name.
Persons: Mick Jagger, Keith Richards, Ronnie Wood, Shannon Stapleton, Jumpin, Jack Flash, Lady Gaga, Gaga, Jagger, Charlie Watts, Ron Wood, Stevie Wonder, Paul McCartney, Elton John, Bill Wyman, Watts, David Gaffen, Lincoln Organizations: REUTERS, Racket, Stone, Thomson Locations: New York City, U.S, York, New York
Kevin Frayer | Getty Images News | Getty ImagesBEIJING — China's consumer spending still isn't growing as fast as it did before the pandemic, analysts said. Retail sales for the Sept. 29 to Oct. 5 holiday period rose by 9% from a year ago, according to state media reports of Ministry of Commerce data. China's retail sales fell by 0.2% in 2022, according to official figures. In the Asia-Pacific region, Chinese spending on luxury goods has already recovered to 2019 levels, the report said. Consumer spending has lagged China's overall economic growth since the pandemic started in early 2020.
Persons: Kevin Frayer, Christine Peng, Christine Peng UBS, Peng, Imke Wouters, Oliver Wyman, Wouters Organizations: Getty, BEIJING, Ministry of Commerce, UBS, CNBC, Consumers, Christine Peng UBS UBS, HSBC Locations: Beijing, China, Hainan, Europe, Asia, Pacific, U.S
Older adults, many of whom have saved their entire careers for retirement, can have the most to lose. The Covid pandemic was a disproportionate threat to older adults, keeping Americans indoors and quickly pushing them online. Outcomes hinge on a complex web of federal and state rules that govern banking and elder financial fraud. Such "heightened procedures" to protect older adults are part of the bank's duty of care relative to older customers, the lawsuit said. Scammers had her wire funds from her PNC bank account to an account at the now-defunct Signature Bank in New York.
Persons: Marjorie Bloom, she'd, Bloom, Roth, Ester, Ester Bloom, Rebecca Keithley, , they'd, I'm, Kathy Stokes, Keithley, General Merrick Garland, she'll, Marjorie Bloom Bloom, trekked, Mount, Kriangkrai, I've, There's, Sergio Flores, scammers —, Carla Sanchez, Adams, Sanchez, Banks, Marve Ann Alaimo, Porter Wright Morris, Arthur, Alaimo, Cryptocurrency, Scammers, scammers, it's, Patrick Wyman, Wyman, Al Drago Organizations: PNC Bank, Finance, CNBC, Federal Bureau of Investigation, PNC, FBI, Social, Department of Justice's, Vanguard Group, Federal, Consumer Finances, AARP, Microsoft, Department of Energy, Guaranty Corporation, U.S, North Dakota ., Everest Base, Social Security, North Bethesda Camera, PNC Bank —, District of Columbia, Bloomberg, Getty, National Consumer Law, Signature Bank, Asset Unit Locations: Chevy Chase , Maryland, U.S, Vietnam, Mount Everest, North Dakota, liquidating, Nepal, Marjorie Bloom Maryland, District, , Maryland, PNC, New York, Cayman Islands, Washington ,
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