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☆ Binance chief strategy officer quits
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: 1 min

July 6 (Reuters) - Binance's Chief Strategy Officer Patrick Hillmann has quit the cryptocurrency exchange, he said in a tweet on Thursday. Last month, U.S. regulators sued Binance and its CEO Changpeng Zhao for allegedly operating a "web of deception" and filed 13 charges in a federal court in Washington D.C. Binance has said it would defend itself "vigorously." "It's true that I am leaving Binance," Hillmann said in a tweet, adding that he was doing so on good terms. loadingHillmann had joined the world's largest cryptocurrency exchange in 2021 and became the chief strategy officer in October last year. Reporting by Jaiveer Singh Shekhawat in BengaluruOur Standards: The Thomson Reuters Trust Principles.

Persons: Patrick Hillmann, Binance, Changpeng Zhao, Hillmann, Jaiveer Singh Organizations: Washington D.C, Thomson Locations: U.S, Washington, Bengaluru

☆ AI robots could play future role as companions in care homes
▼ + stars: | 2023-07-06 | by ( Emma Farge | ) www.reuters.com time to read: +2 min

[1/4] Advanced humanoid robot 'Sophia' is pictured at AI for Good Global Summit, in Geneva, Switzerland, July 6. Demonstrating its conversational skills, Nadine told Reuters it talked, sang, and played bingo with residents at a Singapore nursing home three years ago. Other robots on display include 'PARO', a baby seal robot 'pet' who can help dementia and Parkinson's patients, and nursing assistant Grace. Last week, Nadine was upgraded with AI model GPT-3 and this has improved her interaction and conversation skills, Thalmann said, meaning it can express more complex concepts. Referring to Thalmann, Nadine said: "I'm very grateful to her for giving me life and I'm proud to be her creation."

Persons: Sophia, Pierre Albouy GENEVA, Nadine, Nadia Magnenat Thalmann, Thalmann, Grace, Emma Farge, Alexandra Hudson Organizations: Good Global, REUTERS, Artificial Intelligence, University of Geneva, International Telecommunication Union, Global, Alexandra Hudson Our, Thomson Locations: Geneva, Switzerland, Singapore, PARO

☆ Former adtech unicorn MediaMath nearly saved itself from bankruptcy. Then its last hope vanished.
▼ + stars: | 2023-07-06 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +15 min

The adtech company held panel sessions and meetings at the "MediaMath Penthouse." But behind the scenes, MediaMath CEO Neil Nguyen had barely been sleeping, according to three people familiar with the matter. "We collectively believed as a company, board, and advisors that we had a deal in hand," the statement continued. When advertisers or agencies buy ads through a platform like MediaMath, the adtech company must pay publishers immediately for their ad space. But the adtech company must wait — often 90 days or more — to be paid by the advertiser or agency.

Persons: MediaMath, Goldman Sachs, MediaMath execs, Neil Nguyen, Nguyen, Olivier Anrigo, Xandr, Joe Zawadzki, Ernest Hemingway, Searchlight wasn't, Neil, Houlihan Lokey, Zeta, Viant, Chris Vanderhook, Tim Vanderhook, Frederick M, Brown, MGI, Lionel Hahn, Remco Westermann, Gary Hershorn, MGI's, Westermann, they'll, Zawadzki, he'd Organizations: Cannes Lions, Cannes, Goldman, Searchlight Capital, Carlton Hotel, Google, IBM, Bain Capital —, Aperiam, Searchlight, Silicon, Zeta Global, Media, Games Invest, Verve, MGI's Verve Group, Getty, Verve Group, Trade, World Trade, Trade Center Locations: France, Cannes, hobnobbing, Delaware, Japan, Manhattan, New York City, MediaMath, AperiamVentures

☆ Volkswagen will start testing self-driving cars in Austin as it moves on from Argo AI
▼ + stars: | 2023-07-06 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +1 min

Volkswagen Group of America (VWGoA) starting its first autonomous vehicle test program in Austin beginning in July 2023. Volkswagen said Thursday that it will begin testing self-driving electric vehicles in Austin, Texas, later this month. The first two of those vans are already in the U.S. and will begin testing before the end of July, it said. The self-driving ID Buzz vans are equipped with lidar, radar and camera systems. For now, all of its self-driving vehicles will have human safety drivers on board while testing.

Persons: Austin, Katrin Lohmann, Lohmann Organizations: Volkswagen Group of America, Volkswagen, Mobileye Locations: Austin, Austin , Texas, U.S

☆ On Holding CEO stresses importance of retail locations: 'It really elevates how you experience the brand'
▼ + stars: | 2023-07-05 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Martin Hoffmann, the co-CEO and CFO of Swiss footwear and sports apparel brand On Holding , said Wednesday that physical locations continue to play a major role in retail. "Retail really is an important element now, it really elevates how you experience the brand. "All of a sudden, you have a huge uptick in [ecommerce], Harrod's next door makes more revenue, sees more inflow of apparel requests, so it's really working." On Holding recently opened a retail location in the Williamsburg neighborhood of Brooklyn, with the aim of connecting with the local community, especially growing families, according to Hoffmann. We want to grow long term, so we don't need to chase anything in the next one or two years," he said.

Persons: Martin Hoffmann, Hoffmann, CNBC's Jim Cramer, Harrod's, Roger Federer, Cramer Organizations: Nike, Boston Marathon Locations: London, Williamsburg, Brooklyn

☆ Former Army Ranger who fought in Ukraine says conflict there is far worse than fighting in Afghanistan and Iraq
▼ + stars: | 2023-07-04 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

A former Army Ranger who spent months in Ukraine said fighting there was worse than in Iraq or Afghanistan. "The worst day in Afghanistan and Iraq is a great day in Ukraine," he said. "The worst day in Afghanistan and Iraq is a great day in Ukraine," he said. Bramlette, who was a Green Beret on a counter-Russia mission and an Army Ranger in Iraq and Afghanistan, said fighting in Ukraine had much more unknowns. "If two of them get injured… there's no helicopter coming to get you… shit can go south really, really frickin' quickly.

Persons: —, David Bramlette, Bramlette, … there's, Troy Offenbecker, I've, Offenbecker, Jason Mann, Mann Organizations: Army Ranger, Service, Daily, Beret, Army, CNN Locations: Ukraine, Iraq, Afghanistan, Russia

☆ 2 top PGA officials will testify before Congress about the golf league's controversial merger with the Saudi-backed LIV tour
▼ + stars: | 2023-07-03 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Two top PGA officials will testify before Congress about the association's controversial merger. Tour COO Rob Price is among the officials that will testify before a Senate subcommittee on July 11. "We look forward to appearing before the Senate Subcommittee to answer their questions about the framework agreement that keeps the PGA TOUR as the leader of professional golf's future and benefits our players, our fans, and our sport," PGA Tour spokesperson Joel Schuchmann said in a statement to Insider. Norman played an integral role in LIV golf, enduring public criticism for taking on the PGA and partnering with Al-Rumayyan. "In fact, prior to this agreement, PGA Tour was one of the loudest critics of LIV Golf's affiliation with Saudi Arabi."

Persons: Rob Price, Democratic Sen, Richard Blumenthal, —, LIV, Sen, Ron Johnson, Jimmy Dunne, Joel Schuchmann, Blumenthal, Johnson, bin Othman Al, Greg Norman, Norman, Chris Murphy, Jay Monahan, LIV Golf's, Tiger Woods, Woods Organizations: Democratic, Service, Capitol, Republican, PGA, Al, LIV, Saudi, Connecticut Democrat, Twitter Locations: Saudi, LIV, American, Connecticut, Saudi Arabi

☆ AI is making a big impact on influencer marketing and industry insiders are debating how to label and regulate it
▼ + stars: | 2023-07-03 | by ( Marta Biino | ) www.businessinsider.com time to read: +5 min

According to a survey from influencer-marketing agency Izea, 86% of internet users believe that AI-generated content broadly should be disclosed. And regulating AI disclosure might be easier said that done, industry insiders said, as AI might soon pervade nearly all aspects of content creation. There's a very fine line between AI-generated virtual influencers and AI-assisted real influencers, so where does the labeling begin and end?" On the platform side, it's unclear if or when any steps will be taken to label AI content. "AI content is so easy to mass produce and improving so rapidly that we will struggle with labeling all the AI content out there, it will be easier to label what isn't made by AI," he said.

Persons: Ogilvy, Ogilvy influencer, — Ogilvy, Shah Rukh Khan, Lu —, Cameron Ajdari, It's, Izea, pervade, Emma Downer, Downer, Cynthia Ruff, Lia Haberman, There's, Avi Gandhi, Pinterest, Alasdair Mann, Mann Organizations: WPP, UCLA, YouTube, Meta

☆ Brazil’s Jair Bolsonaro is barred from running for office until 2030
▼ + stars: | 2023-07-01 | by ( ) www.cnbc.com time to read: +6 min

Former Brazilian President Jair Bolsonaro leaves his home following a search operation, in Brasilia, Brazil May 3, 2023. Far-right former Brazilian President Jair Bolsonaro was barred Friday from running for office again until 2030 after a panel of judges concluded that he abused his power and cast unfounded doubts on the country's electronic voting system. Five judges on the nation's highest electoral court agreed that Bolsonaro used government communication channels to promote his campaign and sowed distrust about the vote. Speaking to reporters in Minas Gerais, Bolsonaro lamented that the trial was unfair and politically motivated. Brazilian law forbids candidates with criminal sentences from running for office.

Persons: Jair Bolsonaro, Bolsonaro, Carlos Melo, Judge Carmen Lucia —, —, Alexandre de Moraes, Melo, Fernando Collor de Mello, Luiz Inácio Lula da Silva, Sen, Sergio Moro, Maria Maris, Maris, Lula, Swift jailing, Gleisi Hoffmann, mongers, Donald Trump, Marie Santini, Katia Caminha, Caminha, Bolsonaro's, Thomas Traumann, didn't, Traumann Organizations: Insper University, Liberal Party, Federal, Lula's Workers ' Party, Federal University of Rio, Bolsonaro, Associated Press, Sao Paulo Locations: Brasilia, Brazil, Sao Paulo, Minas Gerais, Rio de Janeiro, Federal University of Rio de Janeiro, Rio de, Copacabana, Sao, decamp, Florida

☆ Efforts to label AI content in influencer marketing are gaining steam, but industry insiders warn regulation will face hurdles
▼ + stars: | 2023-06-29 | by ( Marta Biino | ) www.businessinsider.com time to read: +5 min

☆ Hans Niemann: Judge dismisses chess grandmaster’s $100 million lawsuit against Magnus Carlsen, among others, in cheating scandal
▼ + stars: | 2023-06-28 | by ( Ben Morse | ) edition.cnn.com time to read: +6 min

CNN —A US judge on Tuesday dismissed the $100 million defamation lawsuit filed by American chess grandmaster Hans Niemann against Magnus Carlsen, among others, in an alleged cheating scandal which has rocked the sport, according to court documents. Niemann’s lawsuit, which was filed in October last year, came after an alleged cheating scandal which sent shockwaves through the sport. 1 Carlsen accused Niemann of cheating at the $350,000 Sinquefield Cup in St. Louis, Missouri. In his second amendment, Niemann alleged that Carlsen paid a friend $328 (€300) to shout “Cheater Hans” from the stands at the closing ceremony of a tournament. Fewer than 0.14% of players ever cheat on the site, according to the company’s report on Niemann’s alleged behavior.

Persons: Hans Niemann, Magnus Carlsen, Audrey Fleissig, Niemann’s, Carlsen, Daniel Rensch, Nakamura, ” Niemann, “, Fleissig, Niemann, Hans Niemann’s, ” Craig Reiser, ” Nima H, Mohebbi, Jamie Wine, Magnus, Rensch –, Jose Mourinho, ”, Chess.com, –, Niemann “, Hans, Hans ”, “ We’re, Erik Allebest, Rensch, ” Chess.com Organizations: CNN, Chess.com, Louis Chess Club Locations: Missouri, St, Louis , Missouri, Warsaw, Poland, American

☆ Wise shares spike 18% as higher interest rates help fintech triple profits
▼ + stars: | 2023-06-27 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Online money transfer firm Wise's shares soared nearly 18% Tuesday as the company reported a spike in profits thanks to rising interest income. The company said in a statement to the stock market that its profit before tax tripled to £146.5 million ($186.5 million). Wise benefited from surging interest rates, which last week were raised by the Bank of England to 5% as policymakers grapple with persistently high inflation. Like other fintechs, Wise has been able to accrue income from interest on funds sitting in customer accounts. Overall income reported by the firm rose to £964.2 million, up 73% year-on-year.

Persons: Wise, Kristo Kaarmann, Kaarmann, Harsh Sinha, Sinha Organizations: Bank of, Starling Bank, Customs, Financial, BBC Radio, BBC Locations: Bank of England, Abu Dhabi

☆ Paul-Henri Nargeolet: French diver on missing sub is Titanic expert
▼ + stars: | 2023-06-21 | by ( Layli Foroudi | ) www.reuters.com time to read: +3 min

Johann convinced Nargeolet to write his book 'In the depths of the Titanic' because he said his kids were super-fans. The underwater explorer needed convincing to write a book, Johann said, because he wanted to spend all of his time diving. CAREER IN FRENCH NAVYDirector of underwater research for RMS Titanic, which owns the rights to the ship's remains, Nargeolet started researching and exploring the Titanic wreck when he joined the French ocean research institute Ifremer in 1986, after a 22-year career in the French navy. They met after Marsh contacted the explorer to ask for the contact of a Frenchman who had survived the Titanic. The president of RMS Titanic, Jessica Sanders, said in a statement on Wednesday that Nargeolet's experience was unparalleled and "no-one has a better chance of navigating equipment failures than he does".

Persons: Paul, Henri Nargeolet, Mathieu Johann, Harper Collins, Johann, Nargeolet, Olivier Lefort, James Cameron, Nargeolet's, Anne, Michele Marsh, Marsh, Frenchman, Jessica Sanders, Bernard Cauvin, Janet Lawrence Organizations: Thomson Locations: PARIS, France, French, Connecticut, American, Cherbourg

☆ 'Real' meat maker Cargill may emerge big winner in plant-based food as buzzy startup boom fades
▼ + stars: | 2023-06-17 | by ( Bob Woods | ) www.cnbc.com time to read: +12 min

Additionally, Cargill began marketing several plant-based protein ingredients, made from soy, pea and wheat, to food and beverage manufacturers worldwide. What to expect for plant-based meat in next decade Cargill's calculated approach to plant-based meats coincides with the nascent industry's trajectory. And then there's the consumer's appetite to pay a premium price for plant-based meat. So Cargill's biggest competition will be the established plant-based meat companies, like Beyond and Impossible, he said. The future of plant-based meat might be analogous to the ongoing transition to electric vehicles.

Persons: Florian Schattenmann, Cargill Cargill, Cargill, Schattenmann, it's, John Baumgartner, Baumgartner, Caroline Bushnell, Bushnell, that's, Seth Goldstein, Goldstein, Tyson's Organizations: Cargill, Foods, Tyson Foods, Hormel Foods, Smithfield Foods, Cargill Inc, The, Bloomberg, Getty, Foods Cargill, Mizuho Securities USA, Good Food Institute, Cubiq Foods, FDA, North, Food and Drug Administration, Morningstar Research Services, Nielsen, annualized Nielsen, Nestle, Tesla, tiptoed, Ford, GM, Hyundai, Volkswagen Locations: U.S, Minneapolis, Montreal, Quebec, Canada, Spanish, Berkeley , California, Puris, North American, Netherlands, Bflike, Belgian, North America

☆ Sweden to move ahead with 2030 Winter Games bid
▼ + stars: | 2023-06-17 | by ( ) www.reuters.com time to read: +1 min

June 17 (Reuters) - The Swedish Olympic Committee (SOK) intends to move ahead with a bid to host the Winter Olympics for the first time after a four-month feasibility study showed there was interest in staging the Games in Stockholm. Sweden, a winter sports powerhouse, has unsuccessfully bid eight times for the Winter Games, including the 2026 edition which was awarded to Milan-Cortina d'Ampezzo. Stockholm staged the Summer Olympics in 1912. "Our preliminary study shows that Sweden has the opportunity, know-how and will to arrange the Winter Games in 2030," SOK president Hans von Uthmann said in a statement. The Japanese city of Sapporo, which hosted the 1972 Winter Games, was considered the favourite but has put its bid on hold in the wake of a widening corruption scandal over the Tokyo 2020 Olympics.

Persons: Hans von Uthmann, Hritika Sharma, Lincoln Organizations: Swedish Olympic, Winter, Milan, Cortina d'Ampezzo, Games, Committee, Tokyo, IOC, Thomson Locations: Stockholm . Sweden, Stockholm, Sweden, Mumbai, Sapporo, Salt Lake City, United States, Los Angeles, Hyderabad

☆ Audi chief sets sights on China in electric car catch-up
▼ + stars: | 2023-06-15 | by ( Cristina Amann | ) www.reuters.com time to read: +3 min

"And we are also looking more intensively at how this is done in China," Duesmann said. "In 2030, the BEV share of the premium car market should already be between 60 and 70%, depending on the region," Duesmann said. That shift could happen even sooner in China, but Audi's sales performance in the world's biggest car market has fallen short of expectations. The new Q6 e-tron has been delayed by behind-schedule software development. Hoping to offset any disappointment in China, Duesmann said the carmaker wanted to strengthen its business in North America, tapping into a strong U.S. car market and Washington's generous subsidies programme.

Persons: Markus Duesmann, Duesmann, BEV, Christina Amann, Rachel More, Madeline Chambers, Mark Potter Organizations: Audi, Reuters, Volkswagen, BMW, Mercedes, Benz, VW, Thomson Locations: INGOLSTADT, Germany, China, North America, U.S, Mexico, Tennessee

☆ NATO 'Air Defender 2023': Hundreds of warplanes fly over Germany in alliance's largest-ever aerial drills
▼ + stars: | 2023-06-14 | by ( Brad Lendon | ) edition.cnn.com time to read: +7 min

An F-16 fighter airplane takes off from the Schleswig-Jagel Air Base in Jagel, Germany, on June 12 during the Air Defender 2023 exercise. “Air Defender is necessary because we live in a more dangerous world. Two US Air Force A10 fighter jets taxi onto the runway ahead of Air Defender 2023. Peter Layton, a fellow at the Griffith Asia Institute and former Royal Australian Air Force officer, said Air Defender 2023 should give Russian military planners a lot to think about. Similar planes are taking part in Air Defender 2023.

Persons: Vladimir Putin, Oleksandr Vilkul, Andriy Dubchak, Gregor Fischer, Oana Lungescu, “, Putin, Amy Gutmann, Ingo Gerhartz, CNN’s Nic Robertson, Formidable ‘ hodge, Karl, Josef Hildenbrand, ”, Brynn Tannehill, it’s, Adam Casey, Tannehill, Peter Layton, Harald Tittel, ” Layton, ” Tannehill Organizations: CNN, NATO, Air, Russian, Russia, Operational Command, Alliance, Atlantic Treaty Organization, Jagel, Base, AP NATO, “, ” United, Russia –, Latvia –, German Tornadoes, US Air Force, RAND Corp, US Navy, Aviators, Griffith Asia Institute, Royal Australian Air Force, US, Air National Guard, National Guard, Air Force Locations: Germany, German, Moscow, Ukrainian, Kryvyi, Black, Odesa, Kryvyi Rih, Ukraine, Russia, Soviet Union, Schleswig, Jagel, ” United States, Russia – Norway, Finland, Estonia, Latvia, Lithuania, Belgium, Bulgaria, Croatia, Czech Republic, Denmark, France, Greece, Hungary, Italy, Netherlands, Poland, Romania, Slovenia, Spain, Sweden, Turkey, United Kingdom, United States, Japan, US, Finnish, Spangdahlem, NATO

☆ Facing its 'biggest security crisis' in years, NATO has kicked off its largest ever air drill with hundreds of aircraft to send a 'clear message'
▼ + stars: | 2023-06-12 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +3 min

NATO's biggest ever air exercise is happening in Germany. Around 10,000 personnel and 250 aircraft, including about 100 from the US, are in Germany for the alliance's two-week Air Defender exercise. "Air Defender sends a clear message that NATO is ready to defend every inch of Allied territory," said NATO spokesperson Oana Lungescu in a statement Monday. "Air Defender is necessary because we live in a more dangerous world" and the NATO alliance is facing "the biggest security crisis in a generation." As for the NATO air exercise, the drill will focus on protecting NATO cities and critical infrastructure, which Russia has attacked repeatedly throughout the war in Ukraine, from aircraft, drones, and missile attacks.

Persons: isn't, Putin, —, Oana, Amy Gutmann, Nathan, Ingo Gerhartz Organizations: NATO's, Service, NATO, Air, Air Force, Thunderbolt, 127th Wing, Michigan National Guard, Jagel Air Base, Air National Guard, Nathan Wingate German Air Force, The New York Times Locations: Germany, Ukraine, Japan, Crimea, Russia, Russian, Ukrainian, Ukraine's

LONDON, June 12 (Reuters) - Central banks like the Bank of England will find it hard to communicate the end of their rate-tightening cycle and should not sweat over this at the expense of taking steps to bring down inflation, BoE policymaker Catherine Mann said on Monday. "Fine-tuning is something that monetary policy is not very good at if the ultimate objective is to focus on inflation," Mann said at an event hosted by U.S. political strategists Signum Global Advisors. Many economists, by contrast, expect the BoE to stop sooner - or if not, to pause to assess the impact of the rapid series of rate rises. "Inflation expectations, in fact, are on the downswing even as some of these core and services prints have been more robust than we would have hoped for," Mann said. Economic activity had also continued to grow modestly and in line with expectations, Mann added.

Persons: BoE policymaker Catherine Mann, Mann, Signum, BoE, Jonathan Haskel, it's, David Milliken, Suban Abdulla, William James, Andrea Ricci Organizations: Bank of England, Signum Global Advisors, Bank of Canada, Monetary, MPC, Thomson Locations: Central, Britain, United States

☆ Philadelphia I-95 highway collapse may snarl morning commutes
▼ + stars: | 2023-06-12 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +2 min

[1/4] A view of the aftermath of the collapse of a part of I-95 highway after a fuel tanker exploded beneath it, in Philadelphia, U.S. June 11, 2023 in this still image obtained from a social media video. Courtesy of Billy Kyle/via REUTERSPHILADELPHIA, June 12 (Reuters) - Philadelphia residents were bracing for a brutal morning commute on Monday after a tanker truck fire caused an overpass to collapse on Interstate 95. The major highway is closed in both directions in Philadelphia after the tanker trunk carrying gasoline caught fire for reasons that were not yet clear. The U.S. National Transportation Safety Board (NTSB) said the tanker was carrying gasoline and that it had sent a team to investigate. "I mean, they're looking to maintain the basic safety of the bridges due to deterioration," he said.

Persons: Billy Kyle, Leslie Richards, Josh Shapiro, Andy Herrmann, Herrmann, Jarrett Renshaw, Brad Brooks, Andrea Shalal, Donna Bryson, Raju Gopalakrishnan Organizations: REUTERS, Southeastern Pennsylvania Transportation Authority, Pennsylvania, U.S . National Transportation Safety Board, American Society of Civil Engineers, Thomson Locations: Philadelphia , U.S, REUTERS PHILADELPHIA, Philadelphia, East Coast, Miami, Maine, U.S, Lubbock , Texas, Washington

☆ Bank of England's Mann sees case for UK carbon tax
▼ + stars: | 2023-06-11 | by ( David Milliken | ) www.reuters.com time to read: +2 min

LONDON, June 12 (Reuters) - Britain and other rich nations should consider a carbon tax as the most efficient way to reduce greenhouse gas emissions, Bank of England policymaker Catherine Mann said on Monday. Instead, Mann focused on whether policies introduced during the COVID-19 pandemic and last year's surge in energy prices were likely to hamper or boost Britain's weak long-run growth. "As wholesale energy prices level off, now is the time to put in place a longer-term strategy for both greater use of market mechanisms and revenue redistribution," she added. The Bank of England has raised rates 12 times since December 2021, increasing its benchmark interest rate to 4.5% from 0.1%, and financial markets expect rates to hit 5.5% by November. Mann has been a keen supporter of interest rate rises to tackle inflation which peaked at 11.1% last year.

Persons: Bank of England policymaker Catherine Mann, Mann, David Milliken, Andy Bruce Organizations: Bank of England, Committee, Britain's, Labour Party, Thomson Locations: Britain, Russia, Ukraine

☆ Apple Vision Pro: Impressive specs, new way of interacting could help it break the VR curse
▼ + stars: | 2023-06-09 | by ( Kif Leswing | ) www.cnbc.com time to read: +11 min

The Apple Vision Pro is significantly more powerful than nearly all competing products on the market. Huge specsThe new Apple Vision Pro headset is displayed during the Apple Worldwide Developers Conference on June 05, 2023 in Cupertino, California. A new interfaceApple Vision Pro Source: AppleJust as the iPhone did, the Apple Vision Pro introduces a new kind of user interface. Apple Vision Pro Source: AppleEye tracking often uses small sensors to see where the user's gaze is resting. The Apple ecosystemApple CEO Tim Cook stands next to the new Apple Vision Pro headset.

Persons: what's, Inbar, Tipatat Chennavasin, Apple, Justin Sullivan, Avi Greengart, Chennavasin, Jamin Hu, Steve Kovach, Hu, Mac, Tim Cook, Sean Mann, Greengart, Mann Organizations: Apple, Engineers, University of Utah, Nintendo, Microsoft, Meta, Google, Sony, Nvidia, Fund, Superventures, Venture, Apple Vision, Apple Worldwide, Apple Vision Pro, Vision, Getty Locations: Cupertino , California, Apple's, iPhones

[1/2] A Shell logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 23, 2022. His more cautious approach to the energy transition marks a change in tack from his predecessor Ben van Beurden who introduced the carbon reduction targets and the energy transition strategy. It is also exiting its European power retail businesses, which were seen only a few years ago as key to its energy transition. At the same time, Shell reported record profits of $40 billion last year on the back of strong oil and gas prices. Sawan previously flagged that the 2021 target to cut oil output by 20% the end of the decade was under review.

Persons: Denis Balibouse, Sawan, Wael Sawan's, Ben van Beurden, Shell, Bernard Looney, Lucas Herrmann, Herrmann, Ron Bousso, Elaine Hardcastle Organizations: European Business Aviation Convention, REUTERS, Shell, LONDON, BP, Reuters Graphics Reuters, U.S, Exxon Mobil, Chevron, Investors, Thomson Locations: Geneva, Switzerland, New York, Shell, Lebanese, Namibia, London

☆ This under-the-radar A.I. play is up triple digits. Rosenblatt predicts more upside ahead in this 'mother of all cycles'
▼ + stars: | 2023-06-08 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Even after surging more than 192% this year, the tailwinds for this under-the-radar artificial intelligence play are far from over, according to Rosenblatt. The target represents 25% upside from Wednesday's close. Super Micro's AI revenue accounts for 30% of sales, and Mosesmann expects that to continue accelerating. Its total addressable market is projected to surpass $178 billion by 2027, and fuel sales at a compounded annual growth rate exceeding 20%. Key to Super Micro's advantage is its green IT innovation and high-efficiency "resource-saving architecture" that can trim costs, energy consumption and data center e-waste, Mosesmann said.

Persons: Rosenblatt, Hans Mosesmann, SMCI, Mosesmann, Michael Bloom

☆ Online College Classes Are Making the Student Debt Crisis Worse
▼ + stars: | 2023-06-05 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +18 min

She applied and was accepted to the online program in 2020. In exchange for expanding course offerings and recruiting students, OPMs receive a big chunk of the tuition revenue from the online programs, which usually cost the same as in-person schooling. While it's not always the case, many experts and grads told me that OPMs were offering online students a worse education for a sky-high price. A third-party provider to those schools, 2U signs a contract to offer services such as recruiting and technology to boost online enrollment. OPMs have helped fuel the student debt crisis, saddling may students with tens of thousands of dollars worth of debt and an uncertain future.

Persons: Iola Favell, Favell, Rossier, Zavareei, USC Rossier, OPMs, it's, grads, Eric Rothschild, John Katzman, Katzman, Clare McCann, McCann, —, Aaron Ament, Barack Obama, That's, STEFANI REYNOLDS, Helen Drinan, Cabrini University —, Drinan, Democratic Sens, Elizabeth Warren, Tina Smith, Sherrod Brown, Pearson, Rosa DeLauro, Virginia Foxx, Ament Organizations: University of Southern California's Rossier School of Education, USC, Student Defense, Zavareei LLP, US, Education Department upended, Education Department, Arnold Ventures, OPM, Office, Los Angeles Times, Wall Street, Canyon University, Grand Canyon, Century Foundation, Getty, Cabrini University, Simmons University, Democratic, GAO, Republican, GOP, Universities, Protection, Consumer Financial, Bureau Locations: California, Georgetown, —, Pennsylvania, Massachusetts

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