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☆ Stock futures are little changed as investors await fresh Fed guidance: Live updates
▼ + stars: | 2024-03-17 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York, August 8, 2022. Stock futures were little changed on Sunday, as Wall Street awaits guidance on monetary policy from the Federal Reserve this week. Futures tied to the S&P 500 ticked up 0.1%. Dow Jones Industrial Average futures hovered near the flatline, while Nasdaq-100 futures added 0.2%. According to the CME FedWatch Tool, Fed funds futures are currently pricing in a 99% likelihood that the Fed will leave benchmark interest rates unchanged this week.

Persons: Quincy Krosby Organizations: New York Stock Exchange, Stock, Federal Reserve, Dow Jones Industrial, Nasdaq, Dow, Fed, Fed telegraphs, Financial, chipmaker Micron Technology, FedEx Locations: New York

☆ SCOTUS is hearing 2 cases about political censorship on social media that could change how the internet works forever
▼ + stars: | 2024-03-10 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +9 min

It also created mechanisms for average users to sue social media companies if they believed the companies were unfairly applying their content moderation rules based on political leanings. Picture an empty timeline or your social media feed filled only with posts from companies paying to advertise on the platform. If these laws are permitted to stand, that's what the social media landscape could look like, at least until the sites update their business practices. And it might not stop at social media companies, Hurtwitz noted, due to the broad language in the laws. Advertisement"And what is social media?

Persons: SCOTUS, —, Donald Trump, Paxton, Ron DeSantis, Justin, Gus, Hurwitz, Hurtwitz, Uber, there's, Jared Carter, Carter, it's, John Roberts, — you've, Samuel Alito, Hurwiz Organizations: Service, Moody, Republican, GOP Gov, University of Pennsylvania's Center for Technology, Innovation, Competition, Lawyers, Ars Technica, Vermont Law, Graduate School, Cornell Law, CNN Locations: United States, South Carolina, Texas, Florida

So when Taft accused Truman — not long after his “special” train had stopped in Crestline — of going around the country on this campaign train tour “blackguarding (attacking) Congress at every whistle-stop,” Truman embraced the opportunity. Altogether, Segal has cataloged about 180 campaign train trips throughout U.S. history — from William Henry Harrison to Joe Biden, with dozens of presidents, vice presidents, first ladies, representatives, senators and governors in between. The project was inspired by Segal's personal experience organizing a whistle-stop campaign tour for Republican U.S. Rep. Mickey Edwards of Oklahoma, for whom he was serving as press secretary in 1984. Sometimes campaign trains were used in creative ways, too, as when comedian Gracie Allen pretended to run for president in 1940, as the nation was recovering from the Great Depression. In 1972, Winnie the Pooh launched a bid for the White House from Disneyland's Main Street, U.S.A., then went on a two-week whistle-stop tour with his trusted advisers, Tigger and Eeyore.

Persons: Crestline, Harry S, — Ohio's, Sen, Robert Taft —, Edward Segal's, ” Segal, toots, ”, Taft, Truman —, “, ” Truman, Truman, Segal, William Henry Harrison, Joe Biden, Mickey Edwards of, ‘, ’ ” Segal, George McGovern, Adlai Stevenson III, Jody Powell, —, Robert Kennedy, Richard Nixon, George Bush, Barack Obama, Jack Bell, Theodore Roosevelt's, Roosevelt, Gracie Allen, “ Gracie, Winnie, Tigger, Linda Horning Pitt, Crestline —, Pitt Organizations: Republican, ”, Democratic, Democratic National Committee, Republican U.S . Rep, Technology, Associated Press, Surprise Party, Democrat, White, Amtrak, Ohio, Federal Railroad Administration Locations: CRESTLINE, Ohio, Crestline, ” U.S, Mickey Edwards of Oklahoma, congressman’s, ”, pranksters, Disneyland's, U.S.A

☆ Republican AGs back Texas and Florida social media regulations at US Supreme Court
▼ + stars: | 2024-01-22 | by ( Brian Fung | ) edition.cnn.com time to read: +2 min

Washington CNN —Social media companies should be treated as utilities such as telephone or telegraph companies, a group of states led by Republican attorneys general told the US Supreme Court on Monday. Contested state laws forcing social media companies to carry all online speech are constitutional because tech platforms enjoy “hyperconcentration” of economic power, the group argued. The high-stakes case could determine the future of social media moderation and online political speech and is expected to go to oral argument next month. The case could have implications on the posts that people and institutions make on social media during this presidential election cycle. In their brief, the states noted “striking similarities between social media companies and telegraph and telephones,” and that those similarities justify tough new rules barring discrimination on the basis of political viewpoint.

Organizations: Washington CNN — Social, Republican, US, Meta, Facebook, ” Tech Locations: Arizona, Texas, Florida

☆ Chinese celebrity chef vows to never cook egg fried rice again after nationalist backlash
▼ + stars: | 2023-11-30 | by ( Nectar Gan | ) edition.cnn.com time to read: +8 min

However, by attacking mentions of egg fried rice by famous chefs and other online influencers, the nationalist users have inadvertently promoted the very rumor their government is trying to quash. Celebrity chef Wang Gang says he won't make egg fried rice again. But can it be a coincidence every single time?” a comment said of Wang’s egg fried rice videos. But some have also come to Wang’s defense, noting that the chef has posted egg fried rice in other months throughout the year. “Why don’t we clearly stipulate a complete ban on eating and making egg fried rice in November, or simply retire egg fried rice from Chinese cruisine all togther,” another supporter quipped.

Persons: –, ” Wang Gang, Wang’s, ”, Wang, Mao Zedong’s, Mao Anying, Mao Anying’s, Wang Gang, Chef Wang, Yang Di, Mao, Xi Jinping, Luo Changping, Xi, “, ‘, ” Wang, Hu Xijin, ” Hu Organizations: Hong Kong CNN, People’s Liberation Army, Chinese Academy, Communist Party, Weibo, telegraphs, Fried, Daily, Global Times Locations: Hong Kong, China, Weibo, American, North Korea, Nanchang, Yangzhou, Sichuan

☆ Our Merch, Ourselves
▼ + stars: | 2023-11-11 | by ( Melissa Kirsch | More About Melissa Kirsch | ) www.nytimes.com time to read: +3 min

Why do we buy merch, or shy away from it? What does the merch you wear say about who you are, what you believe in? Carrying the bag in your own city seemed too boosterish, too earnest for a New Yorker, whereas outside the city, the local merch telegraphs your hometown pride and N.Y.C. Once you leave the place, the merch becomes a souvenir, a nostalgic keepsake. Debating the laws of merch is a diversion, an amusing exercise in questioning our own pieties.

Persons: Spaeny, “ Priscilla, ”, It’s, Hannah, Priscilla, Priscilla Presley, Priscilla ”, Sofia Coppola, ” “, it’s, leashes, I’d, Justin Bieber Organizations: tote, telegraphs, Los Angeles Dodgers, American Locations: rhinestones, New York, Brooklyn, New, L.A

☆ The Heart of ‘Priscilla’ Is for Sale
▼ + stars: | 2023-11-06 | by ( Jessica Testa | ) www.nytimes.com time to read: +1 min

It is curious how some things never go out of style. Throughout the first act of the new movie “Priscilla,” when the titular heroine is still living in Germany with her parents, she wears one thing almost every day: a heart-shaped locket tied around her neck on a black ribbon. Then, as she is courted by Elvis Presley, the necklace reflects her infatuation: She argues with her parents about him, doodles his name and writes him letters, waits for him to call. In 1960, at age 14, Priscilla Presley wore it in a photograph while clutching an Elvis record. In her memoir, “Elvis and Me,” the basis for Sofia Coppola’s movie, Ms. Presley wrote of a gold locket that she cherished, originally given to her mother by her deceased biological father.

Persons: Priscilla, ”, Elvis Presley, doodles, Priscilla Presley, “ Elvis, Sofia Coppola’s, Presley Organizations: Urban Outfitters Locations: Germany

The ceremony to honor a fallen Russian soldier went viral for all the wrong reasons. The musical faux pas last May in the eastern Russian town of Kyakhta, home to a prominent infantry brigade, soon rocketed around social media. If the incident was discordant in the extreme, it also accentuated the contradictions of Vladimir Putin’s war that are changing the face of garrison towns across Russia. The local cemetery is growing exponentially. The flood of newly purchased cars in Kyakhta telegraphs loss as much as prosperity — the money comes from large government payouts to families of the dead and grievously injured.

Persons: ” blaring, Vladimir Putin’s Organizations: telegraphs Locations: Russian, Ukraine, Kyakhta, Russia

☆ Huge ancient solar storm revealed by tree rings in French Alps
▼ + stars: | 2023-10-09 | by ( Will Dunham | ) www.reuters.com time to read: +5 min

Researchers said on Monday the solar storm - the sun sending a large burst of energetic particles into space - occurred 14,300 years ago. Nine such extreme solar storms now have been identified using tree-ring radiocarbon evidence, with the most recent in 774 and 993 AD. The largest directly observed solar storm, called the Carrington Event, occurred in 1859, wreaking havoc on telegraphs and creating a nighttime aurora so bright that birds sang as if the sun was rising. The effects of solar storms can disable electronics. "If similar solar storms happened today, they could be catastrophic for society, as we are so reliant upon technology," Heaton said.

Persons: Cecile Miramont, eked, Tim Heaton, Heaton, Edouard Bard, Cécile Miramont, Will Dunham, Rosalba O'Brien Organizations: REUTERS, University of Leeds, Engineering Sciences, Marseille University, Thomson Locations: Gap, Handout, England, France, paleoclimates, Aix, Washington

☆ What We Lose When We Loosen Dress Codes
▼ + stars: | 2023-09-22 | by ( Rhonda Garelick | More About Rhonda Garelick | ) www.nytimes.com time to read: +2 min

Responses to the Senate majority leader Chuck Schumer’s new relaxation of Senate dress codes have so far fallen along partisan lines: Republicans have been deploring it as a lapse in decorum and order. “Most if not all Republican senators think we ought to dress up to go to work,” Mitch McConnell said. How we dress telegraphs intricate messages to those around us, as well as to ourselves — messages we receive and interpret constantly, consciously or not. There is no such thing as “total freedom” of dress, only different registers of meaning, which are entirely context dependent. Men’s suits say “we are heads, not bodies.”

Persons: Chuck Schumer’s, ” Mitch McConnell, Mitt Romney, Marjorie Taylor Greene, Tina Smith, John Fetterman, “, ” Organizations: Democrats, Democratic, “, Republicans, MSNBC

☆ What if I Hadn’t Been There to Catch Them?
▼ + stars: | 2023-06-09 | by ( Desiree Cooper | ) www.nytimes.com time to read: +1 min

Just to prove I’m a good mother, too, I let Jordan wear a pink mask to school because pink is his favorite color. I prayed that other children hadn’t learned how to be cruel yet. When I got to my car, the soldier mother was still sitting there, car running, babe in arms. The forecast had called for intermittent downpours, but I was in such a rush, I forgot Jordan’s raincoat. Please God, I prayed, don’t let me have an accident with my sweet grandchild in the car.

Persons: Jordan, hadn’t, Miss Amy’s, “, don’t Organizations: Miss

☆ What Is King Charles’s Coronation For? - The New York Times
▼ + stars: | 2023-05-03 | by ( Hannah Rose Woods | ) www.nytimes.com time to read: +1 min

Once inside he will sit on the Coronation Chair, which is more than 700 years old and will temporarily house a block of Scottish sandstone known as the Stone of Destiny. He will put on, at some point, a 200-year-old cloak that is woven from gold cloth, embroidered with roses, thistles and shamrocks and lined with red silk. Britain’s monarchy and the country’s past are inextricably linked, and a coronation is an opportunity for the institution to nod at history and hope that history nods back. A successful coronation telegraphs to the world — and reflects back to as many Britons as possible — a version of who we’d like to think we are. The problem is that this coronation is arriving at a time when it’s not exactly clear what that is.

☆ Republicans request Fed and FDIC oversight records for failed Silicon Valley Bank and Signature Bank
▼ + stars: | 2023-03-20 | by ( Christina Wilkie | ) www.cnbc.com time to read: +2 min

The Federal Reserve also created a Bank Term Funding Program aimed at safeguarding institutions affected by the market instability of the bank failures. In the days following the collapse, reports have emerged indicating that Silicon Valley Bank ignored repeated warnings from bank regulators that the bank would be at risk of collapse in the event that interest rates rose quickly. In it, Brown suggested that responsibility for the bank failures lay in part with top executives at the failed banks. Brown also asked the regulators to "identify and close regulatory gaps, shortfalls, or failures by state or federal regulators that contributed to the banks' failures." He did not ask for the names of individual Fed or FDIC officials involved in supervising the banks.

☆ Canadian dollar seen higher as analysts eye peak interest rates: Reuters poll
▼ + stars: | 2022-12-07 | by ( Fergal Smith | ) www.reuters.com time to read: +2 min

The loonie has weakened over 7% against the U.S. dollar since the start of 2022, with almost all of the decline coming since mid-August. Canada's economy grew at an annualized rate of 2.9% in the third quarter, much stronger than both analysts and the Bank of Canada were expecting. The BoC has raised its benchmark interest rate by 350 basis points since March to 3.75%, its highest level since 2008, in an attempt to cool inflation. Along with a more stable path for U.S. interest rates it "should help the loonie rally closer to fair value," Zhao-Murray said. Measures of fair value include purchasing power parity (PPP), or the exchange rate that equalizes the purchasing power of separate currencies.

☆ Russian oil is still flowing in huge volumes even as EU sanctions and a price cap are less than a week away.
▼ + stars: | 2022-11-30 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

European governments still can't agree on a price cap for Russian oil even as the December 5 deadline is less than a week away. Poland, for example, is committed to a $30 price cap. Even with a price cap of, say, $65, it's unclear whether that can really make an impact, given that Russia's flagship crude oil — Urals grade crude — is trading 20% below that level already. Despite the West's repeated condemnation of Russia and President Vladimir Putin, Russia remains Europe's largest single refined oil products supplier. A) The West agrees to a price cap above $40B) The West agrees to a price cap below $40C) The West does not agree to any price capLet me know on Twitter (@philrosenn) or email me (prosen@insider.com).

☆ Europe will need to face higher interest rates as a potential recession won't be enough to bring down inflation on its own, ECB President Christine Lagarde says
▼ + stars: | 2022-11-18 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

Policy makers at the European Central Bank "expect to raise rates further," said President Christine Lagarde on Friday. The ECB has already been raising rates at a record pace with inflation "too high" in the euro area. "And with inflation likely to remain high for an extended period, we need to monitor the evolution of inflation expectations very carefully." Meanwhile, inflation scaled up to a record high of 10.6% in October year over year, led by ballooning prices for energy. "In this setting, displaying commitment to our mandate is vital to ensure that inflation expectations remain anchored and second-round effects do not take hold."

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