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☆ You Finished I.V.F. and Want to Donate Embryos. Is There a Tax Benefit?
▼ + stars: | 2024-04-20 | by ( Ron Lieber | ) www.nytimes.com time to read: +1 min

But a few unusual ones linger for people all over who want to explore every option. What does the law say about what you can and can’t do with your embryos? And if you donate them — say, to a university for research — can you take a tax deduction? It is not clear how many human embryos sit in storage across the United States, but plenty of people who put them there worry about losing control over them. Selling embryos seems outlandish, though it may not violate federal law.

Persons: Tara Siegel Bernard, I, — Organizations: Alabama, Transplant Locations: United States, Alabama

☆ Geopolitical strife is roiling Wall Street. Here’s what investors are watching
▼ + stars: | 2024-04-16 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Those what-ifs could further roil gas and oil prices. But if there’s further conflict, he said, “you’d see a much higher premium for oil prices. If there’s a de-escalation of tensions between Israel and Iran, they said, oil prices should come down over the next few weeks. But if there’s an escalation in conflict, they expect that oil prices could jump to more than $100 per barrel, they wrote in a note Monday. Retail sales rose 0.7% in March from the prior month, a slower pace than February’s upwardly revised 0.9% gain, the Commerce Department reported Monday.

Persons: New York CNN —, JPMorgan Chase, Jamie Dimon, ” Dimon, Jerome Powell, We’ll, Christine Lagarde, Andrew Bailey, Dave Sekera, Israel doesn’t, ”, “, Moody’s, there’s, Chris Isidore, Pete Muntean, Sam Salehpour, Read, Bryan Mena, Claire Tassin Organizations: CNN Business, Bell, New York CNN, Dow, JPMorgan, International Monetary Fund, IMF, Bank, Bank of Canada, Seven, European Central Bank, Bank of England, Morningstar, Nvidia, AMD, Wall Street Journal, Federal Reserve Bank of New, Boeing, Federal Aviation Administration, Alaska Airlines, Commerce Department, Morning, Amazon Locations: New York, Russia, Ukraine, China, United States, Washington ,, Iran, Israel, Federal Reserve Bank of New York

☆ Boeing defends its planes’ safety ahead of whistleblower hearing
▼ + stars: | 2024-04-15 | by ( Chris Isidore | Pete Muntean | ) edition.cnn.com time to read: +4 min

New York CNN —Boeing on Monday scrambled to address safety and quality concerns about its planes ahead of a whistleblower hearing in the Senate on Wednesday. Salehpour is set to be the key witness at a Wednesday hearing of the Senate permanent subcommittee on investigations. That has sparked investigations and allegations that some Boeing employees felt reluctant to raise questions about the safety of the planes they are building or inspecting for fear of retaliation. The average 787 does 600 flights a year, according to Chisholm, and the tests Boeing put the planes through simulated 165,000 flights. Boeing and the Federal Aviation Administration have admitted that some of the planes did have problems with the gaps between parts of the fuselages that were wider than the standards set by Boeing.

Persons: Sam Salehpour, Salehpour, —, “ We’re, ”, Lisa Fahl, Steve Chisholm, Chisholm, we’re, Fahl Organizations: New, New York CNN, Boeing, Federal Aviation Administration, Alaska Airlines, Boeing Commercial Airplanes Locations: New York, Alaska

At an event in Grand Rapids, Mich., on Tuesday, Mr. Trump described Ruby Garcia, 25, and her killing at length. She faulted Mr. Trump for framing her sister’s death as a border issue. Mr. Trump recently derailed a bipartisan border deal in the Senate by urging Republicans not to support it, in a move that prevented a political win for President Biden and allowed Mr. Trump to continue campaigning on the issue. During the event, Mr. Trump described Ms. Garcia as an “incredible young woman,” though at one point mistakenly said she was 17 years old. Local Democrats pre-emptively criticized Mr. Trump for planning to make Ms. Garcia part of his campaign rally.

Persons: Donald J, Trump, Ruby Garcia, Garcia, ”, Mavi Garcia, “, ” Mavi Garcia, Mr, “ It’s, I’ve, —, ” Ruby Garcia, Brandon Ortiz, Ortiz, Vite, Laken Riley, Biden, Justin Barclay, emptively, Debbie Stabenow, Garcia’s, Trump’s Organizations: Michigan, Republicans, NBC, West Michigan, New York Times, Washington Post, ABC News, . Immigration, Customs, Augusta University, University of Georgia, Local Democrats Locations: Grand Rapids, Mich, United States, Grand, Mexico, Georgia, Athens, Venezuela, Michigan, Detroit

That same day, Mr. Trump’s campaign announced that the former president would appear alongside Mr. Moreno on Saturday in Dayton, widely interpreted as a sign that Mr. Moreno could benefit from an 11th-hour boost. Simultaneously, Mr. Moreno and his backers have portrayed Mr. Dolan as not sufficiently supportive of Mr. Trump. After Mr. Trump overwhelmingly won the former battleground state in 2016 and 2020, Ohioans sent J.D. Image Mr. Moreno has been endorsed by, and campaigned with, several Republicans with ties to Mr. Trump, including Gov. Mr. LaRose and Mr. Moreno have banded together to attack Mr. Dolan as disloyal to Mr. Trump, while both Mr. Dolan and Mr. LaRose have accused Mr. Moreno of shifting his views on everything from gun control to Mr. Trump himself.

Persons: Donald J, Trump’s, Bernie Moreno, Sherrod Brown, Moreno, Matt Dolan, Frank LaRose, Dolan, Mike DeWine, Rob Portman, LaRose, Mr, Trump, Donald Trump, ”, Ryan Stubenrauch, DeWine, Portman, Brown, Ohioans, J.D, Vance, Biden, Moreno’s, “, Mitch McConnell, McConnell, Donald Trump Jr, ” Mr, ” Reagan McCarthy, won’t, Jim Renacci, “ Trump, Katie Smith, they’ll, Kristi Noem, Vivek Ramaswamy, Vance of Ohio, —, Noem, Donald Trump isn’t, Mitzi Baird, ” Ms, Baird, Michael C, Bender Organizations: Republican, Republicans, Democrat, Senate, Mr, Democratic, Cleveland Guardians, Trump, Republican Party —, National Republican Senatorial Committee, Ohio Democratic Party, U.S . Army, Washington , D.C, ”, Lincoln Locations: Ohio, Dayton, Arizona, Cleveland, Washington, G.O.P, battlegrounds, Pennsylvania, Georgia, South Dakota, Cincinnati, Washington ,, Columbus, Elyria, Vermilion

☆ Concern grows within Biden administration as Houthis continue attacks despite US strikes
▼ + stars: | 2024-02-23 | by ( Natasha Bertrand | Katie Bo Lillis | ) edition.cnn.com time to read: +8 min

“They continue to surprise us,” said one senior defense official, referring to the Houthis. Officials also believe Iran instructed the groups to back off the attacks following the US strikes. The issue is becoming more acute, especially given the notable increase in Houthi attacks over the last two days. At the same time, the Houthis also crave international legitimacy, officials said, and want to be recognized as the official Yemeni government. Still, there are no signs yet that Iran is actively withholding support from the Houthis, officials said.

Persons: CNN —, Biden, “, Sabrina Singh, ”, —, Marc Miguez, Israel, Privately, Matthew Miller, Singh, ” Singh Organizations: CNN, Pentagon, Central Command, Carrier Strike, Yemeni, Saudi, State Department, US, Prosperity Locations: Iran, Yemen, Gulf, Aden, Iraq, Syria, Jordan, Baghdad, Gaza, Israel, Red, Oman, Bahrain

Six decades later, plans are ramping up for space tourism, missions to the moon and Mars, and mining on the moon. AdvertisementThe Lunar Resources Registry, a private business that locates valuable resources on the moon and helps investors conduct the required exploration and extraction operations, notes: "The space race is evolving into space industrialization." The case for a lunar Anthropocene is interesting. A lunar AnthropoceneAnd now the Anthropocene, this age of human impact, is also arriving on the moon. An increasing number of moon missions and extracting resources from the moon could destroy lunar environments.

Persons: Christophe Bonneuil, Jean, Baptiste Fressoz, Christine Daigle, Jennifer Ellen Good Organizations: Sputnik, U.S, Resources, NASA, Marshall Space, Brock University Locations: Soviet Union, Alamogordo, N.M

☆ Opinion | Only Voters Can Truly Disqualify Trump
▼ + stars: | 2024-01-21 | by ( Noah Millman | ) www.nytimes.com time to read: +1 min

I’m not going to predict how the Supreme Court will rule, or whether its ruling will be persuasive to those with a different view of the law. But there’s a critical philosophical question that lies beneath the legal questions in this case. In a representative democracy, the people are sovereign, and they express their sovereignty through representatives of their choice. If the courts presume to pre-emptively reject the people’s choice, then who is truly sovereign? The question of sovereignty was central to the purpose of the 14th Amendment in the first place.

Persons: Donald Trump, I’m, — Locations: United States

☆ S&P 500 rises to 20-month high with a soft landing in sight. Can investors finally relax?
▼ + stars: | 2023-12-09 | by ( Michael Santoli | ) www.cnbc.com time to read: +9 min

The S & P 500 , which had consolidated with a low-volatility sideways slide for three weeks, nudged to a new 20-month high just above 4600, almost precisely a 20% year-to-date gain. Just because the S & P 500 is at 4600 and Federal-funds futures markets project high odds of several rate cuts next year, it doesn't mean the former is reliant on the latter. Yet — just relax — in seven of the past 12 years, the S & P 500 went on to surpass this year-ahead analyst composite target. It's pretty popular to cast doubt on the achievability of the consensus 11.8% forecast S & P 500 earnings growth for 2024. A broadening beyond 2023's growth leadership is necessary for further S & P 500 gains.

Persons: YTD, Jerome Powell, Powell, John Butters, Scott Chronert Organizations: Federal, Fed, Bank of America, Wall, Merck, Pfizer, Citi, Treasury

☆ Opinion | We Waited 200 Years for This Supreme Court Ethics Code?
▼ + stars: | 2023-11-14 | by ( Jesse Wegman | ) www.nytimes.com time to read: +3 min

“One of the themes we’ve heard from Chief Justice Roberts and others is essentially this message of: Just trust us. In recent months, Justices Elena Kagan and Amy Coney Barrett have publicly supported the adoption of an ethics code. The most glaring defect of the new code is its complete lack of any enforcement power. And yet the absence of any discipline or enforcement was the central flaw that led to calls for an ethics code in the first place. “A justice should not allow family, social, political, financial or other relationships to influence official conduct or judgment.” Well, sure.

Persons: we’ve, Justice Roberts, ” Alicia Bannon, Elena Kagan, Amy Coney Barrett, ”, bender, What’s, —, Thomas, Alito Organizations: Brennan Center for Justice, Times

☆ Israel Is In Real Danger For Three Reasons - The New York Times
▼ + stars: | 2023-11-09 | by ( Thomas L. Friedman | ) www.nytimes.com time to read: +15 min

After traveling around Israel and the West Bank, I now understand why so much has changed. It is crystal clear to me that Israel is in real danger — more danger than at any time since its War of Independence in 1948. Last Saturday night, a retired Israeli Army commander stopped by my hotel in Tel Aviv to share his perspective on the war. Consider this context: “According to Israel’s official Central Bureau of Statistics, at the end of 2021, 9.449 million people live in Israel (including Israelis in West Bank settlements), the Times of Israel reported last year. Let me not mince words, because the hour is dark and Israel, as I said, is in real danger.

Persons: I’ve, —, Vladimir Putin, Biden, Israel, Benjamin Netanyahu, Kiryat Shmona, Kibbutz, Liat Admati, “ Mahmoud, ”, he’d, “, Yoav Gallant, Netanyahu, Israel’s, Biden —, Ron Scherf Organizations: West Bank, Yemen —, West Bank —, U.S, Israeli Army, Iranian, Hamas, Sunday, The Times, ABC News, Central Bureau of Statistics, Palestinian, Statistics, West Bank Palestinian, West, Palestinian Authority, Brothers Locations: Tel Aviv, Israel, America, U.S, Independence, Iraq, Yemen, Jerusalem, Hamas, Gaza, United States, Israeli, Kiryat, Lebanon, Kibbutz Be’eri, Be’eri, Mefalsim, “ Israel, West Bank, Netanyahu Israel

☆ AI supply chain startup Tacto is set to raise funds from Sequoia. It's already in talks to bring in more cash.
▼ + stars: | 2023-11-03 | by ( Callum Burroughs | Tasmin Lockwood | ) www.businessinsider.com time to read: +2 min

Tacto, a small German AI supply chain startup, is set to raise new funding from US giant Sequoia and is already in talks with a different high-profile investor to raise another round. Sequoia is set to lead Tacto's Series A round, six sources familiar with the deal told Insider. Unusually, the startup has already begun talks to raise another round of funding in addition to the Sequoia deal. Tacto is also in talks with London-based Index Ventures to immediately raise another funding round, five sources said. Andreessen Horowitz led a seed round in tiny AI startup ElevenLabs in March, and is also in talks with months-old company Mistral.

Persons: Tacto, Andreessen Horowitz, Fintech, Hanno Renner Organizations: London, Ventures, Sequoia, Energy, nab, Cherry Ventures, UVC Partners, Club Locations: Sequoia, Munich, Berlin

☆ Adam Johnson: Police investigating death of US ice hockey player who died in ‘freak accident’
▼ + stars: | 2023-10-31 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +5 min

CNN —Police are investigating the death of American ice hockey player Adam Johnson who died on Saturday after a “freak accident” while playing for the Nottingham Panthers in England. During the second period of the Panthers’ game against the Sheffield Steelers, Johnson appeared to suffer a serious injury after a collision with a Steelers player. It’s just an incredible tragedy.”The English Ice Hockey Association (EIHA), the governing body of ice hockey in England and Wales, released a statement on Monday detailing its commitment to improving player safety in the aftermath of Johnson’s death. In the short term, the EIHA said it strongly recommended that players at all levels in English Ice Hockey use a neck guard/protector during all on-ice activities. Johnson was born in Hibbing, Minnesota and started out his professional career in the American Hockey League.

Persons: Adam Johnson, Johnson, ”, “, ” SYP, Joe Otten, Johnson’s fiancée, Ryan Wolfe, I’ll, Gene J, Mike Sullivan Organizations: CNN — Police, Nottingham Panthers, Panthers, Sheffield Steelers, Steelers, South Yorkshire Police, Sheffield City Council, CNN, Sheffield Council Waste, Safety, Pittsburgh Penguins, National Hockey League, Anaheim Ducks, PPG, The Pittsburgh Penguins, Ice Hockey Association, Elite Ice Hockey League, American Hockey League, NHL, Penguins Locations: England, Sheffield, Nottingham, Wales, Hibbing , Minnesota, Sweden, Germany

☆ Ukraine claims to have invented a new radio that's immune to Russian jamming
▼ + stars: | 2023-10-11 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +2 min

Ukraine says it's devised a radio that's resistant to Russian radio jamming. According to Ukrainian media, the Himera radio has already reached the front lines. A Ukrainian Himera radio in images shared by Mykhaylo Fedorov on October 11, 2023. A Ukrainian team of engineers exhibited the Himera radio at an expo in London in September. Not quite echoing Fedorov's claim of total immunity to Russian radio jamming, the exhibit's notes say that the device has "a Low Probability of Detection, Low Probability of Interception, a high degree of data encryption, and protection against communication jamming."

Persons: it's, —, Mykhailo Fedorov, Fedorov, Mykhaylo Fedorov, Michael Peck Organizations: Service, Digital Transformation, Himera, Motorola, Royal United Services Institute Locations: Ukraine, Ukrainian, Russia, London, Russian

☆ Two ways Israel-Hamas war could lead to much higher oil prices
▼ + stars: | 2023-10-09 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

The escalating conflict between Israel and Hamas threatens to push oil prices higher by straining relations between major oil-producing countries in the Middle East, according to Wall Street experts. Oil prices rose Monday after the weekend attacks, though they remain below recent highs from two weeks ago. Saudi Arabia One key player on the sidelines of the war is Saudi Arabia. Iran The other major oil producer tied into the conflict is Iran, the chief backer of Hamas. Bank of America's Doug Leggate said in a note to clients that the United States could release oil from its strategic petroleum reserve if prices spike.

Persons: Goldman Sachs, Daan Struyven, Struyven, Helima Croft, Antony Blinken, Goldman's Struyven, Ed Morse, East . Bank of America's Doug Leggate, Leggate, — CNBC's Michael Bloom Organizations: Texas, Wall Street, Israel, Saudi, RBC Capital Markets, Hamas, East . Bank of America's Locations: Israel, Gaza, East, Saudi Arabia, Saudi, Iran, U.S, Lebanon, United States

CNN —The Israel Defense Forces (IDF) carried out strikes on what it called Hamas targets in Gaza on Friday, after militants in the enclave launched incendiary balloons towards Israel for the first time in over a year. The hostilities came after more than a week of sometimes violent Palestinian demonstrations along the fence that separates Gaza from Israel. The balloons were launched by a group calling itself Ahfad Al-Nasser, or the Descendants of al-Nasser, who specialize in attacks using explosives strapped to balloons. No IDF injuries were reported, the Israeli military said. It was not immediately clear if anyone was killed or injured in the Israeli strikes, which the IDF said were carried out by a drone and a tank.

Persons: Ahfad Al, Nasser Organizations: CNN, Israel Defense Forces, Palestinian Ministry of Health Locations: Gaza, Israel

“You have to prepare for the worst-case scenario,” Ms. Spanberger said. Speaker Kevin McCarthy sent members of Congress home Thursday afternoon after efforts to break a spending impasse with far-right members of his party failed. By the end of the week, lawmakers were in full prep mode and government agencies were dusting off their well-worn instructions for how to function amid the dysfunction. “We had lots of notes from the last time,” Mr. Beyer said in an interview. “Pretty much we’re not going to be able to do anything, because the agencies that we’d be talking to to help us solve it won’t be coming to work,” Mr. Beyer said.

Persons: Ms, Spanberger, Kevin McCarthy, Donald S, Beyer Jr, “, ” Mr, Beyer, “ We’re Locations: Virginia

London CNN —YouTube is temporarily preventing comedian Russell Brand from making money from his videos following multiple allegations of rape and sexual assault against him. YouTube, which is owned by Google parent Alphabet (GOOGL), added that it had taken the action “following serious allegations” made against the comedian over the weekend. One of the women said she was 16 and Brand 31 at the time of the alleged assault in London. In recent years, Brand has focused his attention on his YouTube channel, which has been accused of promoting conspiracy theories, including some related to the coronavirus pandemic. A woman reported the assault, alleged to have taken place in 2003, to the Met Sunday, after the the joint media report was released, the police force noted.

Persons: Russell Brand, Russell, ”, Brand, emptively, ” Brand, Allyson Stewart, Allen Organizations: London CNN, YouTube, CNN, Google, Sunday Times, The Times, International Marketing Partners, London’s Metropolitan Police, BBC Locations: British, London

☆ Here are 11 top moments from Trump's 'Meet the Press' interview
▼ + stars: | 2023-09-17 | by ( Allan Smith | Jonathan Allen | ) www.cnbc.com time to read: +13 min

Former President Donald Trump speaks during an interview with NBC News' Kristen Welker, Sept. 14, 2023. NBC News has also extended an invitation to President Joe Biden to sit down with Welker for an interview. "I said, 'Other than certain parts of the country, you can't — you're not going to win on this issue. "And both sides are going to come together and both sides — both sides, and this is a big statement — both sides will come together. But when Welker asked if he might grant himself a reprieve if he wins this election, Trump declined to rule it out.

Persons: Donald Trump, Kristen Welker, Donald Trump sparred, Joe Biden, Mila Kunis, Ashton Kutcher, Danny Masterson, Welker, Trump, Roe, Wade, he's, —, it's, pardoning, I'm, Jan, Biden Trump, Biden, Kevin McCarthy, McCarthy, Ukraine Trump, Putin, Vladimir Putin, I'd, Ron DeSantis, DeSantis, Franklin Roosevelt Organizations: NBC News, Press, NBC, GOP, Trump, U.S ., Republican, White House, Capitol, Florida Gov Locations: Bedminster , New Jersey, Ukraine, Alabama, Pennsylvania, U.S, Russia, Florida, Taiwan

☆ China online platforms scrap lucky draw features amid gambling crackdown
▼ + stars: | 2023-08-25 | by ( Josh Ye | ) www.reuters.com time to read: +4 min

Analysts say online content platforms pulled the plug on features such as virtual lucky draws after the government in June started cracking down on live streaming, as part of a wider clampdown on online gambling. While the platforms say they ban gambling, analysts say the extremely popular lucky draws are often manipulated by live streamers colluding with viewers to share the prize. None of these companies mentioned the gambling crackdown when they reported their earnings, and they did not respond to request for further comment. However, the co-founder of a popular live streaming platform in Guangzhou, who declined to be named citing the sensitivity of the topic, told Reuters that several popular live streaming and live chat apps had to suspend services after police probes. Online gambling remains a concern, with the authorities saying in 2020 that the cross-border flow of funds for gambling posed a national security risk.

Persons: Florence Lo, HONG KONG, Analysys, Ivan Su, Huya, Charlie Chai, Tencent, Chai, Josh Ye, Farah, Brenda Goh Organizations: Entertainment, QQ, REUTERS, Tencent, HK, Morningstar, Cloud, NetEase, Reuters, Thomson Locations: HONG, Guangzhou, Beijing

Xinhua/Shutterstock‘Absolutely safe’As heavy rains moved toward the region in late July, China’s top flood control officials met to hash out their response plan. The flood was caused by flood water discharge, not by heavy rainfall.”CNN has reached out to the Zhuozhou and Bazhou governments for comment. Rescuers use rubber boats to transfer Zhuozhou residents trapped by flood waters after days of downpours brought by Typhoon Doksuri on August 2. In the recent rains, at least three upstream reservoirs released flood waters into rivers flowing into Baiyingdian from the west and the south, according to state media. Many countries have systems that involve discharging pent up flood waters into otherwise dry land after major storms.

Persons: Xi Jinping, Xi’s, ”, It’s, Xiong’an, Jade Gao, Ni Yuefeng, downpours, Typhoon Doksuri, Zhai Jujia, Li Guoying, Hongzhang Xu, Xiao, Li Na, Zhu Xudong, it’s, Xiong’an –, Xu, Baiyangdian Lake, Kevin Frayer, “, Meili Feng, Simon Song, Deng Xiaoping, Jiang Zemin, Xu Kuangdi, Yi Haifei, Andrew Stokols Organizations: CNN, Xinhua, Getty, Censors, China News Service, China’s, Water, Australian National University, Authorities, China’s Ministry of Water Resources, Hebei Provincial Department of Water Resources, Geographical Sciences, University of Nottingham, Shanghai’s Pudong New, Chinese Academy of Sciences, Urban Computing Center Locations: Beijing, China, Hebei, Xiong’an’s, Xiong'an, Zhuozhou, AFP, Bazhou, Xiong’an, Tianjin, ”, Xinhua, Baiyingdian, Baiyangdian, Mississippi, University of Nottingham Ningbo, “, Hebei province, Shenzhen, Shanghai’s Pudong, Shanghai

☆ UK markets watchdog ready to pounce as new consumer power comes into force
▼ + stars: | 2023-07-31 | by ( Huw Jones | ) www.reuters.com time to read: +3 min

The new duty is particularly significant for being more granular, requiring "good outcomes" and no "forseeable harm" for customers across products and services, price and value. The duty will help the FCA tackle harms pre-emptively to stop a mis-selling scandal in the first place, she added. Firms will have to demonstrate to the FCA how they are providing good outcomes, a step the watchdog hopes will improve on the low trust in financial services. It says it will help ensure that banks pass on higher interest rates to savers, and provide help to those struggling to pay a mortgage. ($1 = 0.7770 pounds)Reporting by Huw Jones; Editing by Conor HumphriesOur Standards: The Thomson Reuters Trust Principles.

Persons: Nisha Arora, Arora, Philip Deeks, James's, Jonathan Herbst, Herbst, KPMG's Deeks, Deeks, Huw Jones, Conor Humphries Organizations: Financial, Authority, FCA, Reuters, Norton Rose, Thomson

☆ After surprise tweak, what now for BOJ's yield curve control?
▼ + stars: | 2023-07-31 | by ( Leika Kihara | ) www.reuters.com time to read: +4 min

Since 2016, the BOJ has guided short-term interest rates at minus 0.1% and the 10-year government bond yield at around 0% in action known as yield curve control (YCC). It has also set an allowance band of 0.5% above and below the 10-year yield target. The BOJ was criticised by investors last year for distorting market pricing by defending the 0.5% yield cap with unlimited bond buying. The bank has forestalled the risk by deciding to intervene only when the 10-year yield could breach 1.0%. It may wait until the findings become available around May before raising interest rates.

Persons: Kazuo Ueda, Ueda, Leika Kihara, Christopher Cushing Organizations: Bank of Japan, U.S ., Thomson Locations: TOKYO, Japan

☆ BOJ Governor Ueda's comments at news conference
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +4 min

Following are excerpts from BOJ Governor Kazuo Ueda's comments at his post-meeting news conference, which was conducted in Japanese, as translated by Reuters:BOND YIELD"We will not tolerate an increase in the 10-year bond yield above 1% and will step in if it does. ON WHY THE BOJ DECIDED TO MOVE NOW"The inflation forecast for this fiscal year has been revised up quite significantly. The bond market is pretty stable now and we saw uncertainty over the outlook very high. Given uncertainty over the outlook, we decided to pre-empt risks by setting 1% as a loose framework along with the 0% target and the 0.5% yield band." ON WHETHER THE MARKET'S SIDE-EFFECTS OF YCC INCLUDE VOLATILE CURRENCY MARKET MOVES"The BOJ does not target currency rates in guiding monetary policy.

Persons: Kazuo Ueda's, haven't, That's, we're, Leika Kihara, Subhranshu Sahu Organizations: Bank of Japan, Reuters, THE, Thomson Locations: Japan

☆ This startup helps software-as-a-service firms drive sales through word-of-mouth. Check out the 15-slide pitch deck Cello used to raise $3.5 million.
▼ + stars: | 2023-07-20 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Cello, a Munich-based startup incentivizing software-as-a-service referrals, has raised $3.5 million. We got an exclusive look at the 15-slide pitch deck it used to raise the fresh funds. A startup that aims to incentivize peer recommendations to drive growth in sales of software-as-a-service products has raised $3.5 million in fresh funds. Munich-based Cello, founded in 2022, has closed a pre-emp ted seed funding round that was led by German investor HV Capital. "Cello had strong signs of early traction soon after launching our product," Bader said.

Persons: Stefan Bader, Bader, Cello's, ByFounders Organizations: Capital, Software Locations: Munich

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