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Why all eyes are on Intel now
  + stars: | 2024-09-24 | by ( Helen Li | ) www.businessinsider.com   time to read: +8 min
Read previewOnce a Silicon Valley leader, Intel has been a staple of the computer chip-making business for decades. Even if Qualcomm acquired Intel, it's unclear what it would do with its manufacturing operations. Which Intel lacked," tweeted Bryan Catanzaro, vice president of applied deep learning research at Nvidia, who previously worked at Intel as an intern on the Larrabee project. The CPUs that made Intel big now have presented what Logan Purk, senior analyst at Edward Jones, called "the inventor's dilemma," when newer technology replaces established incumbents. Mobile chipmaker Qualcomm approached Intel to acquire its chip-designing business and, later, a merger deal, Reuters and the Journal reported, respectively.
Persons: , Pat Gelsinger, Stacy Rasgon, Paul Otellini, Otellini, OpenAI, chipmaker, Habana, Intel's, Gaudi, Rasgon, Bryan Catanzaro, Logan Purk, Edward Jones, nipping, Purk, TSMC, Mobile chipmaker, Dan Morgan, Morgan Organizations: Service, Intel, Business, Wall, Journal, Qualcomm, VMware, Bernstein Research, Atlantic, Apple, Microsoft, Systems, Habana Labs, Nvidia, Companies, AMD, Samsung, Mobile, Mobile chipmaker Qualcomm, Reuters, Apollo Global Management, Bloomberg, Broadcom, Biden Locations: Arizona, Ohio, Nervana
It is profoundly painful,” said Dr. Dana Varble, chief veterinary officer for the North American Veterinary Community, a nonprofit organization that provides learning opportunities for veterinarians. Denali, seen here with his owner veterinarian Dr. Dana Varble, is now fully healed from his eye surgery. To overcome that obstacle, the North American Veterinary Community holds periodic trainings so a general vet can become more comfortable treating simple injuries and eye abnormalities. (screenshot captured from video) North American Veterinary CommunityDroopy eyes and signs of injuryThere are other eye problems that require plastic surgery as well. In this screenshot from video, a dog receives an eye exam during training by the North American Veterinary Community.
Persons: CNN — Hamilton, , Dana Varble, Varble, Hamilton, ” Varble, , Lori Hilton, shih tzus, they’re, Maine coons, it’s, Maine coon, Jinxy, Kate Myrna, Myrna, Martina Gibboney “, ” Myrna, don’t, basset, cocker spaniels, Jenny May Stringer Organizations: CNN, North American Veterinary, Boston, French bulldogs, College of Veterinary Medicine, University of Georgia, bulldogs, Pekingese, , North American Veterinary Community, Veterinary Community, Veterinary Locations: Pekingese, puppyhood, Ragdolls, Maine, Athens , Georgia, Athens, pawing, Great Danes, rottweilers, United States
At first, I didn't realize what I was in forThe Sahara Desert can get cold at night. Jamie Davis SmithWhen I signed up for the trip, I naively assumed a desert in North Africa would be comfortable in December. Fortunately, the desert camp was much nicer than I expectedThe Sahara Desert camp felt surprisingly cozy. Jamie Davis SmithMy camp in the Sahara — El Borj, located in Erg Chebbi — was anything but basic. Jamie Davis SmithI woke up early, in time to catch the golden sunrise over the dunes.
Persons: , Jamie Davis Smith, Erg Chebbi —, I'd, glamping Organizations: Service, Business Locations: Morocco, North Africa, Erg, Moroccan
In today's big story, we're looking at China's strict approach to overseeing its AI development and the threat it poses to the world. The country's history of censorship and surveillance is extending to its approach to AI , writes Business Insider's Linette Lopez. AdvertisementThe CCP's plan for AI is about shaping reality and enforcing its power, according to internal documents. What to do ahead of May's jobs report. Permabull Tom Lee said it's a great time to buy stocks — shocking — with a new jobs report set to drop on Friday.
Persons: , Kiran Ridley, Stringer, Getty, Tyler Le, Insider's Linette Lopez, Linette, chatbots, Jinping, Xie Huanchi, we've, Ken Griffin's, Permabull Tom Lee, it's, Stocks, Keith Gill, It's, Amazon's, Alyssa Powell, boomer, Gen, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett, Annie Smith Organizations: Service, Harvard, Business, Chinese Communist Party, of, People, Getty, Citadel Securities, BI, GameStop, Cloud, Prime, Apple, American Express, Research, Boomers Locations: China, Beijing, Xinhua, New York, London, Chicago
World’s busiest airports: There’s a new No. 2
  + stars: | 2024-04-15 | by ( Marnie Hunter | ) edition.cnn.com   time to read: +6 min
CNN —Globe-trotters are on the move again in a big way, boosting the rankings of a handful of international aviation hubs on the list of the world’s busiest airports. With 104.7 million passengers in 2023, Dubai’s not nipping at its heels just yet. Tokyo International Airport, commonly known as Haneda Airport, leapt up from No. Tokyo Haneda, Japan (HND): 78.7 million passengers; up 55.1% from 20226. Los Angeles, California (LAX): 75.1 million passengers; up 13.8% from 20229.
Persons: Atlanta’s, , Luis Felipe de Oliveira, de Oliveira, Dubai’s, Kamran Jebreili, Issei Kato, Indira, ” de Oliveira Organizations: CNN — Globe, Atlanta’s Hartsfield, Jackson International, , ACI, Asia Pacific, Atlanta, Chicago, London Heathrow, Tokyo International Airport, Haneda Airport, Reuters, Indira Gandhi International, Air India, IndiGo, Boeing, Aircraft, Hartsfield, Jackson, United Arab Emirates, London, Tokyo, Chicago O’Hare Locations: Dubai, “ Dubai, East, Asia, Atlanta, United States, Dallas, Fort Worth, Denver, Los Angeles, London, Tokyo, Japan, Haneda, Reuters Istanbul’s, New Delhi, India, Jackson Atlanta , Georgia, United Arab, Fort Worth , Texas, DFW, London Heathrow, United Kingdom, Tokyo Haneda, Denver , Colorado, Istanbul, Turkey, Los Angeles , California, Chicago O’Hare , Illinois, ORD, Delhi
In January, the legal startup DoNotPay sent more than $1 million to employees and investors in its first-ever dividend. He got the idea from one of his own angels, Sahil Lavingia, whose startup Gumroad issued a dividend last year. The expectation is that when a company sells or goes public, employees will cash in their shares for untold riches. Last year, the digital commerce startup Gumroad paid a dividend of $1 million across employees, investors, and thousands of crowdfunding backers. Cash rewardsBrowder said he wanted to offer a dividend to reward those employees and investors who bet on the startup early.
Persons: Joshua Browder, Browder, DoNotPay, it's, Sahil Lavingia, Josh Seidenfeld, Cooley, Steve Huffman, Spencer Platt, Seidenfeld, Lavingia, Andreessen Horowitz, Greylock, Dylan Field, Scott Belsky, Daniel Dines, Balaji Srinivasan, Cash, there's Organizations: Business, Big Law, Employees, Founders Fund, Adobe Locations: San Francisco
The retailer reported holiday earnings on Thursday evening that topped expectations, but showed that its growth in North America is stagnating. During the quarter, sales rose 9% in the Americas, compared to 29% growth in the year-ago period. For the current quarter, Lululemon expects net revenue to be between $2.18 billion and $2.20 billion, representing growth of 9% to 10%. For the full year, it expects sales to be between $10.7 billion and $10.8 billion, compared with estimates of $10.9 billion, according to LSEG. During the quarter, it opened its first men's store in Beijing — a key growth market for the company.
Persons: Lululemon, you've, Calvin McDonald, McDonald, Alo Yoga, it's, Meghan Frank Organizations: LSEG, U.S Locations: U.S, North America, Americas, China, Vancouver, Beijing
They were gathered for the inaugural summit of The Juggernaut, a digital South Asian news startup that launched in 2019. The Juggernaut spokesperson told BI that "multiple employees have equity in the company," but BI was unable to identify any such employees. "Twenty years ago, you might've struggled to mention a South Asian actor that you've seen in a movie," he said. As of January, the site had about 10,500 subscribers, Sur told investors in an email viewed by BI. Some feel that the publication has strayed from its mission of delivering "untold, smart South Asian stories and news you won't find anywhere else."
Persons: , Richa Moorjani, Manish Chandra, Anish Melwani, Sadiq Khan, Amitav Ghosh, Roy Rochlin, Jay Bhattacharya, didn't, Sur, Padma Lakshmi, Moorjani, Mira Nair, Oprah Winfrey, she'd, who've, Josh Benson, Bhattacharya, might've, you've, Dev Patel, Priyanka Chopra, Black millennials, Bhattacharya's, Adam Hansmann, Kevin Lin, Albert Ni, Charles Hudson, Steve Jennings, Sur's, Kyle Stanford, Axios, Stanford, Snigdha, Winfrey, MICHAEL TRAN, hadn't, wouldn't, Fariha Róisín, Meghna Rao, Róisín, Rao, Rao didn't, they'd, she's, it's, Hudson, who'd, Reetu Gupta, Aditi Shah, Sean Gupta, Steven Simione, would've, we're, Brian Morrissey, Morrissey, cofounders, Narendra Modi's, Sneha Mehta Organizations: Spring Studios, Netflix, Business, New Yorker, Harvard Business School, Guardian, American, Old Town Media, Athletic, BI, Indian, Yale, McKinsey, Precursor Ventures, Forbes, Getty, TechCrunch, YouTube's Sustainability, YouTube, Paramount Pictures Studios, Immigration Services, Stanford, Digiday, Gannett Locations: York City, chai, Jean's, hasn't, Sur, New York City, South, Asian, India, Madhya Pradesh, Queens, Sur texted, Indian American, AFP, Róisín, Los Angeles , California, South Asia, Silicon
OpenAI's legal headaches are adding up
  + stars: | 2024-03-01 | by ( Geoff Weiss | ) www.businessinsider.com   time to read: +3 min
Even as it promises to disrupt the economy, OpenAI's legal headaches are adding up. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOn Wednesday, The Wall Street Journal reported that the Securities and Exchange Commission was investigating whether OpenAI misled investors. AdvertisementIn December, The New York Times filed a suit against OpenAI and Microsoft, alleging Times articles had been used to train chatbots. In July, the FTC also began investigating OpenAI over data and privacy concerns to determine whether the company was in violation of consumer-protection laws.
Persons: Elon Musk, OpenAI, , Tesla, Musk, Sam Altman, Jonathan Franzen, John Grisham, George R.R, Martin, That's, Sora, Axel Springer Organizations: SEC, Service, Microsoft, Street Journal, Securities and Exchange Commission, The New York Times, OpenAI, Times, Federal Trade Commission, FTC, Google, Business Locations: OpenAI
Hyundai Motor Group is the world's third-largest automaker in the world by volume — but it wasn't always so. The three auto brands in the automaker's stable — Hyundai, Kia and Genesis — are nipping at the heels of well-established competitors, and winning an ever-growing list of industry awards. Tesla still dominates the electric vehicle industry, but Hyundai Motor Group is the second best-selling EV manufacturer in the U.S."On the electrification side, Hyundai has done a really great job," said Sam Abuelsamid, principal research analyst at Guidehouse Insights. "I think Hyundai Motor Group isn't a car company," said Jose Munoz, the global president and chief operating officer at Hyundai. Watch the video to learn more about how Hyundai became the third-largest global automaker.
Persons: William Barnett, Tesla, Sam Abuelsamid, They've, Jose Munoz Organizations: Hyundai Motor, Hyundai, Kia, American, Stanford Graduate School of Business, Guidehouse, United Auto Workers Locations: America, U.S, Singapore
The Debate Over January
  + stars: | 2024-01-20 | by ( Melissa Kirsch | More About Melissa Kirsch | ) www.nytimes.com   time to read: +2 min
Winter friends — those who, contrary to all hedonic and circadian sense, love dark days and black ice — have been forwarding the story to me, triumphant, as if once and for all it’s been settled, the pointless, perennial battle of the seasons. Everyone just wants to feel better, I get it, but resisting their campaign is a twisted part of coping with the season. I spent the week exchanging snapshots with friends in Mississippi, their mutt cavorting in the snow-covered yard (look how cozy! Another friend asked if I didn’t find the cold and snowfall moody and melancholy, in a good way. It’s a case that the poets have been making for eons: “Barren winter, with his wrathful nipping cold,” Shakespeare wrote.
Persons: Steven Kurutz’s, mutt cavorting, , Stu, Roz Chast’s, Shakespeare, what’s Locations: Mississippi, New
Beyond Yoga's founder Michelle Wahler, along with its Chief Operating Officer and Chief Financial Officer Jesse Adams, will both be stepping down. "We have arrived at a natural inflection point for this incredible brand," Levi's incoming CEO Michelle Gass said in a statement. Retailers such as Lululemon and Nike have long dominated the category, with Beyond Yoga and Gap-owned Athleta following close behind. But upstarts such as Alo Yoga and Vuori have been nipping at their heels and taking market share. In August, Athleta named former Alo Yoga President Chris Blakeslee its next CEO.
Persons: Levi Strauss, Nancy Green, Alo Yoga, Michelle Wahler, Jesse Adams, Wahler, Adams, Michelle Gass, Nancy, BTIG's Janine Stichter, Earnest, Athleta, Chris Blakeslee Organizations: Nike, Yoga, Beyond Yoga Locations: Athleta
All Eyes on Iowa as Republicans Ready for Caucuses
  + stars: | 2024-01-05 | by ( Susan Milligan | Jan. | At A.M. | ) www.usnews.com   time to read: +8 min
Known for his hard-line stances against abortion and LGBTQ+ priorities, DeSantis could get a boost from an Iowa Republican electorate that is unusually socially conservative. But even those plum endorsements aren't moving Iowa Republicans from the Trump camp. "Donald Trump is a lap ahead of the field," says former Iowa Republican Party co-chairman David Oman, a former chief of staff to two GOP Iowa governors and a prominent Haley supporter. The morning after an anticipated Trump win in the Iowa caucuses, a trial starts in New York to determine a second set of damages in a defamation case brought by writer E. Jean Carroll. And while the GOP winner is all but assured in Iowa, the state has still played a key role in the primary process.
Persons: Donald Trump, Trump, Jimmy, Kim Reynolds, Matt Gorman, Ron DeSantis, Gorman, Nikki Haley, Vivek Ramaswamy –, Grassley, GOP Sen, Chuck Grassley, Chris Christie, packers Asa Hutchinson, Ryan Binkley, DeSantis, Reynolds, Bob Vander Plaats, Haley, David Oman, Jimmy Carter, hasn't, Ramaswamy, Des Moines, Steffen Schmidt, , E, Jean Carroll, Joe Biden, Biden, Kamala Harris, MAGA, Harris, Schmidt, Mike Pence, Sen, Tim Scott of Organizations: Hawkeye, Republican, Jimmy Centers, Iowa Gov, Cornerstone, Florida Gov, Iowa Republicans, Donald Trump View, Trump, Iowa Republican, United Nations, GOP, Former New Jersey Gov, packers, Iowa Republican Party, Iowa, Iowa's Democratic, Fox News, Iowa State University, District of Columbia, Capitol, Republican Party, Monday, Emanuel AME Church, Democratic Locations: Iowa, DeSantis, New Hampshire, Arkansas, Georgia, Des, Florida, District, New York, Trump, Charleston , South Carolina, South Carolina, Tim Scott of South Carolina
In today's big story, we're looking at the resignation of another Ivy League president and the knock-on effect it'll have on education in the US. The big storyIvy League issuesBrian Snyder/ReutersClaudine Gay's tenure as Harvard president wasn't long, but it won't be forgotten. Alan Garber, Harvard's provost and chief academic officer, will serve as interim president, the school's board announced. Gay is the second Ivy League president to step down in less than a month, following in the footsteps of former Penn president Elizabeth Magill. Harvard president Claudine Gay Kevin Dietsch/Getty ImagesGay and Magill's departures highlight the tension between businesses and prestigious universities and the former's influence over the latter.
Persons: , Bob Marley, John Wick, Brian Snyder, Claudine Gay's, wasn't, Gay, Alan Garber, Harvard's, Elizabeth Magill, Magill, Sally Kornbluth, Bill Ackman, Claudine Gay Kevin Dietsch, Business Insider's Paul Squire, Lucas Jackson, Tesla, Goldman, Tyler Le, it's, Warren Buffett, Greta Thunberg, Florence Pugh, Mel Gibson, J.R.R, Tolkien, Eli Manning, Max Willcocks, Dan DeFrancesco, Diamond Naga Siu, Hallam Bullock, Jordan Parker Erb, Hayley Hudson, Lisa Ryan Organizations: Service, Ivy League, Business, Harvard, Ivy, Penn, Gay, MIT, GOP, Big Tech, Apple, Microsoft, Nvidia, Meta, Boston Consulting Group, Cushman & Wakefield, LinkedIn, SAP, Verizon Consumer Group, EV, Elon, Jiji Press, Japan Airlines, New York Locations: China, Jisoo, New York, San Diego, London, Edinburgh
U.S. President Joe Biden’s dog Commander looks down after Biden arrived back to the White House following his visit to Holy Trinity Catholic Church in Washington, U.S., September 30, 2023. WASHINGTON — President Joe Biden's dog Commander, whose history of biting became public in recent months, is no longer at the White House, a spokesperson for the first lady said Wednesday. The Daily Mail published photos of Commander and Dale Haney, the superintendent of the White House grounds, who has worked at the White House for more than 50 years. Last month, a Secret Service spokesman also confirmed to NBC News that Commander bit a Secret Service Uniformed Division police officer. The Bidens' other dog, Major, was sent to live in Delaware after repeated nipping incidents at the White House.
Persons: Joe Biden’s, Biden, Joe Biden's, Jill Biden's, Elizabeth Alexander, Alexander, Dale Haney, Haney, Bo, Sunny, George W, Laura Bush's Barney, Miss Beazley, Richard Nixon's, Champ, Kelly O'Donnell, Zoë Richards Organizations: Holy Trinity Catholic Church, WASHINGTON, White, Secret Service, White House, CNN, Daily Mail, Judicial, NBC News, Service Uniformed Division Locations: Washington , U.S, Delaware, Washington, New York
Kevin McCarthy Ousted as House Speaker
  + stars: | 2023-10-03 | by ( Kaia Hubbard | Oct. | At P.M. | ) www.usnews.com   time to read: +6 min
The House narrowly voted to oust Kevin McCarthy on Tuesday, dooming the House speaker to a fate that seemed almost guaranteed since he took the gavel in January, with a group of rebels in his conference nipping at his heels. “The office of speaker of the House of the United States House of Representatives is hereby declared vacant,” the clerk announced as the vote concluded. A temporary speaker – Rep. Patrick McHenry of North Carolina – is expected to take over based upon a list of succession that McCarthy submitted in January, according to House rules . But in 2015, McCarthy’s speaker bid abruptly ended amid pushback from right-wing lawmakers who have long seen him as insufficiently conservative. I’m the 55th speaker of the House.”Without McCarthy at the helm, the House is expected to soon vote to elect another speaker.
Persons: Kevin McCarthy, McCarthy, Patrick McHenry of, Patrick McHenry of North Carolina –, McHenry, , McCarthy’s speakership, Washington ”, , Andy Biggs, Ken Buck, Tom Burchett, Eli Crane, Matt Gaetz, Bob Good, Nancy Mace, Matt Rosendale, Gaetz, motioned, it’s, ” Gaetz, ” McCarthy, ” McCarthy’s, McCarthy’s, Hakeem Jeffries Organizations: United States House, Democrats, Washington, Bakersfield, Republicans – Rep, GOP, Republican, California Republican, Florida Republican, Democratic, House Republican Locations: Patrick McHenry of North Carolina, California,
The woman was Kim Yo Jong — younger sister of the North Korean leader and one of the country’s most important political advisors. Kim Jong Un's sister stands alongside the North Korean leader at the Vostochny Сosmodrome in the Amur region, Russia, on September 13, 2023. CNN: Of all the members of the Kim Dynasty, why did you choose to focus on Kim Yo Jong in your book? South Korean President Moon Jae-in (right) shakes hands with Kim Yo-Jong (middle), North Korean leader Kim Jong-Un's sister, in 2018. I’ve watched hundreds of hours of North Korean footage and read thousands of North Korean articles and statements in writing this book.
Persons: Kim Jong Un, Vladimir Putin, Kim Yo Jong, Kim Jong, Yoon Lee, ” Kim Yo Jong, Sung, Kim Yo, Kim, Alonso Nichols, Tufts University Sung, Kim Jong Il, Kim Jong Chol, Jong, Cleary, Kim Il Sung, Stalin, Moon Jae, , Joe Biden “, Lord David Alton, Kim’s, I’ve, that’s, Yoo Lee, It’s, it’s, Jang, Thaek Organizations: CNN, North, North Korean, South Korea —, Woodrow Wilson International Center, Scholars, Tufts University, Jong Un, Soviet Army, South Korea’s, Games, South, House, United Nations Locations: Pyeongchang, South Korea, North Korean, Amur, Russia, North, North Korea, Switzerland, Mt, Paektu, China, Korean, Communist, Pyongyang, Handout, United
People yelling "pudding fingers!" But even with all of his campaign's recent high-profile mishaps, the pudding rumor remains fresh in the mind of DeSantis' critics. "Pudding fingers!" DeSantis said in an interview at the time that he doesn't remember eating pudding with his fingers, but he welcomes it as an insult. DeSantis' campaign didn't immediately respond to our request for comment about Friday's heckling.
Persons: Ron DeSantis, Jake Lahut, DeSantis, He's, Donald Trump, Vivek Ramaswamy nipping, Piers Morgan, didn't Organizations: Service, Twitter, GOP, Politico, Daily Locations: Wall, Silicon, Florida, Nazi, Menlo , Iowa
Mario Voigt, a leader of Germany’s mainstream conservative party, has watched with concern the slow but steady string of victories notched by the far-right Alternative for Germany, known as the AfD. In his home state of Thuringia, in eastern Germany, the AfD just last month won the district administrator’s seat, giving the far right bureaucratic authority over an area for the first time. Since the spring, the AfD has only gathered momentum. The party has gained at least four points in polls since May, rising to 20 percent support and overtaking the country’s governing center-left Social Democrats to become Germany’s second-strongest party. A more recent poll, released on Sunday, put the AfD at a record high of 22 percent support.
Persons: Mario Voigt, Voight’s, Angela Merkel Organizations: Social Democrats, Christian Democratic Union Locations: Germany, Thuringia
Australia digests 'hollow' Ashes retention in Manchester rain
  + stars: | 2023-07-24 | by ( ) www.reuters.com   time to read: +2 min
"Rarely could the Ashes have been secured in more hollow circumstances, with almost two days of rain saving Australia from what appeared certain defeat," wrote Malcolm Conn in the Sydney Morning Herald. "Despite being robbed of victory by the weather, England have only themselves to blame for being on the wrong side of history," Conn added. "England were in charge of the first test at Edgbaston before the cult of Bazball resulted in an over-optimistic declaration and reckless batting." Gideon Haigh, writing in the Australian, was kinder to the English but equally wary of any sort of celebrations over the retention of the Ashes. Reporting by Nick Mulvenney; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.
Persons: John Sibley SYDNEY, Malcolm Conn, Conn, Gideon Haigh, Haigh, Nick Mulvenney, Jamie Freed Organizations: England, Old, Old Trafford Cricket, Australia, Manchester, Sydney Morning Herald, Edgbaston, Thomson Locations: Australia, Old Trafford, Manchester, Britain, England, Edgbaston
CNN —The weekend’s events in Russia seem an almost surreal interruption to the long slog of conflict unfolding in neighboring Ukraine. Yevgeny Prigozhin’s challenge to the Russian state erupted and receded in the space of 24 hours, but the consequences of his short-lived mutiny may reverberate for much longer. Prigozhin’s Wagner forces, for all his boasting, were never going to be a match for the Russian security forces. And yet, the saga was humiliating to the Russian military and at least embarrassing to the Kremlin. One Ukrainian military officer was provocatively shown on social media eating popcorn as he watched events in Russia unfold.
Persons: Yevgeny Prigozhin’s, Prigozhin’s Wagner, Prigozhin’s bluster, Sergei Shoigu, Prigozhin, Vladimir Putin, Mikhail Gorbachev –, Putin, Mikhailo Podolyak, It’s, , Pavel Zarubin, Russia “, Thomas Graham, Prigozhin’s, Wagner, ” Putin, Staff Valery Gerasimov, CFR’s Graham, Antony Blinken, ” Graham, Russia’s, Phillips O’Brien, , Hanna Notte, ” Notte, there’s, STRINGER, “ Prigozhin, Stalin, Stephen Kotkin, Kremlin “, Kotkin Organizations: CNN, Southern Military, Kyiv, Council, Foreign Relations, Defense Ministry, Staff, , Moscow –, University of St, Center for Strategic, International Studies, Twitter, Getty Locations: Russia, Ukraine, Moscow, Prigozhin, Rostov, Russian, Voronezh, Ukrainian, Africa, Syria, Bakhmut, St, Petersburg, Andrews, Scotland, West, AFP, Kremlin
KKR takes private markets right up to the checkout
  + stars: | 2023-06-20 | by ( Jonathan Guilford | ) www.reuters.com   time to read: +3 min
It’s a cozy arrangement for all involved, and marks another step in private lenders’ encroachment into traditional financiers’ turf. KKR will now purchase and hold up to 3 billion euros of PayPal’s BNPL loans, originated in five European countries and typically a few months in duration. KKR can pump up its returns using leverage – the deal is funded partly from loans made by its own credit funds. Follow @JMAGuilford on TwitterCONTEXT NEWSFinancial technology firm PayPal announced on June 20 that it had signed a multi-year 3 billion euro replenishing loan agreement with asset manager KKR. The deal will see KKR purchase up to 40 billion euros of PayPal’s short-term buy-now-pay-later loans now and in the future.
Persons: Joe, Banks, John Foley, Katrina Hamlin Organizations: YORK, Reuters, Joe Public, KKR, PayPal, Citi, Thomson
The recent rise in Japanese inflation above the BOJ's 2% target is driven mostly by cost-push factors rather than strong domestic demand, Ueda said, adding that responding to such price increases with tighter monetary policy would hurt the economy. "The cost of prematurely shifting policy, and nipping the bud towards achieving 2% inflation, is extremely large," Ueda said. "It's appropriate to take time judging (when to) tweak ultra-easy policy toward a future exit." The remarks came in the wake of data showing Japan's core consumer inflation hit 3.4% in April, staying well above the BOJ's 2% target, on rising food and services prices. Instead of focusing only on the side effects, the BOJ must carefully weigh the balance between the benefits and costs of its measures in determining policy, Ueda said.
Amazon, FedEx, UPS, and the postal service hold 97% of the US package delivery market. Smaller delivery companies were major beneficiaries of the pandemic boom times for e-commerce. "There was a long runway for these delivery companies when FedEx and UPS didn't want your business," said Derek Lossing, an Amazon Logistics alum who now advises investors. Smaller carriers are competing less with UPS and FedEx, and more with each other. UPS and FedEx will still be in the picture, but the smaller players can outperform them in some areas.
I SPY A HIGHLY DEFINED WAIST ‘James Bond’ star Daniel Craig in a trio of recent hourglass looks. AT A MOVIE premiere last October, a star got the cameras flashing with a head-turning hourglass silhouette—nipped-in at the waist and gently flared below. Not Scarlett Johansson, or some Marilyn Monroe manqué, but Daniel Craig, a man who’s famously embodied James Bond. Mr. Craig, 55, smoldered in a cinched navy tux—his latest embrace of waist-nipping tailoring. Along with fellow A-listers including Idris Elba, Mr. Craig is making men want such exaggerated tailoring for one simple reason: The narrow waist accentuates his broad shoulders and chest, making him look more buff.
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