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[1/3] The Federal Deposit Insurance Corp (FDIC) logo is seen at the FDIC headquarters in Washington, February 23, 2011. FDIC Chairman Martin Gruenberg said in March the agency was also probing possible misconduct related to the collapses of Silicon Valley Bank (SVB) and Signature Bank (SBNY.PK) New York. As with SVB and Signature Bank, the FDIC is probing whether First Republic executives and board members broke rules that require them to act in the bank's best interests. NO ACTIONThe March implosions of SVB and Signature Bank sparked a deposit run at First Republic. FDIC bank failure probes can take years.

Persons: Jason Reed, Martin Gruenberg, SVB, Michael Roffler, James Herbert, Roffler, Michael Krimminger, IndyMac, Michael Perry, Douglas Gillison, Christine Prentice, Michelle Price, Matthew Lewis Organizations: Federal Deposit Insurance Corp, REUTERS, Federal Deposit Insurance Corporation, First Republic Bank, Reuters, FDIC, Valley Bank, Signature Bank, Regulators, First Republic, U.S . Justice Department, Securities, Exchange Commission, SEC, First, Bloomberg, Federal, JPMorgan Chase &, JPMorgan, Reserve, New, Thomson Locations: Washington, Republic, New York, First Republic, Massachusetts, SVB

WASHINGTON (AP) — The Biden administration is moving toward a narrower student loan relief plan that would target specific groups of borrowers — those with soaring interest, for example — rather than a sweeping plan like the one the Supreme Court rejected in June. An Education Department document obtained by The Associated Press details a draft of new federal rules paving the way for a second attempt at student loan relief. It would have canceled up to $20,000 in federal student loans for those with annual incomes below $125,000 or couples below $250,000. But after that was rejected by the court’s conservative majority, he called on the Education Department to try again using a different legal basis. The committee is made up of negotiators who represent a range of viewpoints on student loans.

Persons: —, Biden, Joe Biden’s, “ Organizations: WASHINGTON, Education Department, The Associated Press, Republicans, Higher, NAACP, Associated Press, Carnegie Corporation of New, AP Locations: Carnegie Corporation of New York

☆ Kimberly García: Peruvian racewalker has world record taken away after course was measured incorrectly
▼ + stars: | 2023-10-30 | by ( Samuel Joseph | ) edition.cnn.com time to read: +3 min

CNN —It appeared that Kimberly García of Team Peru had absolutely smashed a world record in the 20km racewalk event at the 2023 Pan American games – until it was revealed that the course had been measured incorrectly. Andy Lyons/Getty ImagesThe corporation acknowledged that it hired Mr. Ithurralde, but only after he was appointed for duty by the APA. The final classification of the results still stands, meaning that García and her fellow competitors are permitted to keep their medals. Ranking points used for qualification for the 2024 Paris Olympics are handed out based on race times and finishing position – which the athletes who participated in Sunday’s race will now not receive. “I have never seen anything like that before,” Canada’s Evan Dunfee, who competed in the men’s race, told Reuters.

Persons: Kimberly García, García, China’s Yang Jiayu, Glenda Morejón, García’s, Evelyn Inga, Marcelo Ithurralde, Andy Lyons, Ithurralde, “, ” Canada’s Evan Dunfee, “ We’ve, “ It’s, that’s, ” Organizations: CNN, Team Peru, Pan, Association of Pan American, “, Association of Pan American Athletics, APA, Getty, Reuters, ” Reuters Locations: Ecuador, Santiago , Chile, Santiago, Parque O’Higgins, Paris

Bryant West was halfway through high school in Pascagoula, Mississippi, when he dropped out in 2020. But in every state reporting high school graduation rates by gender, research shows female students graduate at higher rates. “I was lashing out because I wasn’t OK,” said Nichols, who ended up leaving high school after ninth grade. Still, the urban district posted a 10-point graduation gender gap in 2022 (84%-74%) and an 11-point gap (84%-73%) in 2021. The graduation gender gap “is harder to explain than some of the other disparities we see,” PRB’s Jarosz said.

Persons: —, Bryant West, ”, Beth Jarosz, Jarosz, Richard Reeves, Reeves, Edwin Quezada, Quezada, “, Benjamin Nichols ’, Nichols, Barack Obama, Jeffrey Hammond, Hammond, PRB’s Jarosz, it’s Organizations: Brookings Institution, American Institute for Boys, “, ”, American, Associated Press, Carnegie Corporation of New, AP Locations: BUFFALO, N.Y, Pascagoula , Mississippi, Popeye’s, “, U.S, Yonkers , New York, Buffalo, Yonkers, Carnegie Corporation of New York

☆ Putin aims to have Russian space station by 2027
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +2 min

Sputnik/Sergei Bobylev/Pool via REUTERS Acquire Licensing RightsOct 26 (Reuters) - President Vladimir Putin said on Thursday the first segment of Russia's new orbital station, which Moscow sees as the next logical development in space exploration after the International Space Station (ISS), should be put into operation by 2027. "As the resources of the International Space Station run out, we need not just one segment, but the entire station to be brought into service," Putin was quoted as saying of the new Russian orbital station. Yuri Borisov, head of the Russian space agency, Roscosmos, endorsed Putin's position as a means of maintaining the country's capabilities in manned space flight. "If we don't start large-scale work on creating a Russian orbital station in 2024 it is quite likely that we will lose our capability because of the time gap. What I mean is the ISS will no longer be there and the Russian station won't be ready."

Persons: Vladimir Putin, Yuri Borisov, Sergei Bobylev, Putin, Putin's, Luna, Borisov, Ron Popeski, Sonali Paul Organizations: Space Corporation, Energia, Sputnik, REUTERS Acquire, Space, International, Russian, Thomson Locations: Korolyov, Moscow, Russia, Russian

☆ Tesla supplier Syrah expects more graphite buys ahead of China export ban
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +2 min

Oct 26 (Reuters) - Australian producer Syrah Resources (SYR.AX) on Thursday said it expects buyers outside of China to step up their purchases of natural graphite before stricter export controls on the battery material came into effect on December 1. China, the world's largest graphite producer and exporter, will require export permits as of Dec. 1 for some graphite products, including spherical graphite used by electric vehicle makers. The export controls could mean that automakers and suppliers of battery materials will have to accelerate their search for alterative sources of the mineral. Syrah said that, based on feedback from its customers and analysts, buyers are looking to stockpile graphite to reduce the risk of near-term supply disruptions ahead of the ban, and ahead of China's winter when it tends to produce less natural graphite. "Any disruption or reduction in China anode precursor or AAM export supply without replacement supply would impact battery production outside China," it said.

Persons: Roushni Nair, Melanie Burton, Miral Organizations: Syrah Resources, Tesla, AAM, U.S . International Development Finance Corporation, Thomson Locations: Australian, China, Mozambique, Louisiana, Balama, United States, Bengaluru, Melbourne

☆ Get long boomer stocks and short millennial shares, says Bank of America
▼ + stars: | 2023-10-25 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Boomers have cash and appear to be weathering rising interest rates better than other generations, according to Bank of America. Because of this, the bank sees stocks particularly exposed to the well-off group that investors of all ages should buy. In contrast, Bank of America found millennials are the only generation with a meaningful amount of mortgage debt incurred after 2021, according to Bank of America. Bank data shows boomers have yet to feel the pinch from higher rates — and the wealthy subsection of the generation is actually benefitting from them. Given apparel is more prominent among millennials, Kwon pointed to Revolve as a short play.

Persons: Ohsung Kwon, septuagenarians, Kwon, Welltower, Kwon's boomer, LSEG, — CNBC's Michael Organizations: Boomers, Bank of America, Bank of America . Bank, American, Service Corporation

WASHINGTON, Oct 24 (Reuters) - U.S. regulators will begin grading banks on which communities and geographies they service via online lending under tougher new rules modernizing fair lending standards to be finalized on Tuesday. The changes to 1977 Community Reinvestment Act (CRA) regulations draw a line under a contentious multiyear effort that was delayed amid fierce lobbying by community groups and lenders, as well as by a change of presidential administrations. Conceived to prevent red lining, CRA regulations are central to banks' overall supervisory performance. Historically, CRA grades focused on how well banks serviced low-income communities where banks have branches. Banks on Tuesday said they supported fair lending but flagged concerns with the final rule.

Persons: Michael Barr, Michelle Bowman, Banks, Randy Benjenk, Lindsey Johnson, Pete Schroeder, Andrea Ricci, Michelle Price, Marguerita Choy Organizations: Federal, Fed, Federal Deposit Insurance Corporation, Office, Covington, Consumer Bankers Association, Thomson Locations: U.S, Burling

☆ These utilities can withstand the pain as higher interest rates weigh on the sector, says Bank of America
▼ + stars: | 2023-10-24 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

Utilities, beloved for their dividend payments, are under pressure in today's high rate environment, but a few gems stand out in the tarnished sector, according to Bank of America. The sector has suffered through 2023, shedding 16%, as the Federal Reserve continues to roll out its policy-tightening campaign. But there are a few opportunities in the sector, even as Bank of America says utilities aren't particularly compelling now. Both are also deemed top buys by Bank of America. PG & E has a California rate case development coming on Nov. 2, when the California Public Utilities Commission will be meeting.

Persons: Julien Dumoulin, Smith, ConEd, Michael Bloom Organizations: Bank of America, Federal Reserve, Consolidated Edison, E Corporation, PPL Corporation, California Public Utilities Commission, Kentucky Public Service Commission, PPL Locations: California, Kentucky

☆ Fortive acquires German manufacturer Elektro-Automatik for $1.45 bln
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +1 min

Oct 23 (Reuters) - Industrial technologies company Fortive Corporation (FTV.N) on Monday said that it entered into a definitive agreement to acquire German manufacturer EA Elektro-Automatik Holdings GmbH for $1.45 billion in cash. Elektro-Automatik makes test solutions for energy storage, mobility, hydrogen, and renewable energy markets. Reuters reported earlier this month that Emerson Electric Co (EMR.N) and Keysight Technologies Inc (KEYS.N) had also expressed interest in buying the German manufacturer. Fortive expects to fund the acquisition with available cash and debt financing. Reporting by Aishwarya Jain; Editing by Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

Persons: Aishwarya Jain, Dhanya Ann Thoppil Organizations: Fortive Corporation, EA, Automatik Holdings, Reuters, Emerson Electric Co, Keysight Technologies, Thomson

Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File Photo Acquire Licensing RightsWASHINGTON, Oct 20 (Reuters) - A trio of U.S. banking regulators announced on Friday they were giving the public extra time to digest and provide feedback on a broad proposal to raise bank capital requirements that is already facing fierce industry pushback. The regulators are similarly extending the window for a separate proposal that would raise a capital surcharge for the largest global banks. Firms have warned the proposal if finalized could force them to curtail lending, curb product offerings, and lead to economic harm. The "Basel Endgame" proposal implements international capital standards agreed by the Basel Committee on Banking Supervision in the aftermath of the 2007-2009 financial crisis.

Persons: Rick Wilking, Banks, Pete Schroeder, Andrea Ricci Organizations: REUTERS, Rights, Federal Reserve, Federal Deposit Insurance Corporation, Currency, Regulators, Banking, Fed, Thomson Locations: Westminster , Colorado

☆ The top 10 things to watch in the stock market Wednesday
▼ + stars: | 2023-10-18 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

U.S. stock are under pressure in premarket trading Wednesday, with S & P 500 futures down 0.47%. Revenues at its wealth management division rise 4.6% but fall short of analysts' forecasts, sending shares tumbling by 2.6% in premarket trading. Morgan Stanley reduces its price target to $600 a share, down from $630, while Citi lowers to $575 a share, from $630. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Morgan Stanley, Jefferies, Goldman Sachs, Wells Fargo, Sherwin, Williams, Jim Cramer's, Jim Cramer, Jim Organizations: Treasury, West Texas, Club, Procter, Gamble, Abbott Laboratories, Citi, Nvidia, Visa, Mastercard, Journal, Coterra Energy, Occidental Petroleum, Antero Resources, Starbucks, JPMorgan, Meta, Bank of America, Dow Inc, Huntsman Corp, LyondellBasell Industries, Albemarle, Westlake Corporation, Jim Cramer's Charitable, CNBC Locations: China

Meanwhile, parents and experts say schools neglect students with math disabilities like dyscalculia, which affects up to 7% of the population and often coexists with dyslexia. Learning struggles for some may be due to dyscalculia or other math learning disabilities, yet few teachers report their students have been screened for dyscalculia. Experts say learning the most effective methods for teaching students with math disabilities could strengthen math instruction for all students. Part of the problem is that teachers don’t receive the training needed to work with children with math disabilities. “It’s pretty rare for undergraduate degrees or even master’s degrees to focus on math learning disabilities with any level of breadth, depth, quality or rigor,” said Amelia Malone, director of research and innovation at the National Center for Learning Disabilities.

Persons: Laura Jackson, ” Jackson, Jackson, ’ ” Jackson, “ There’s, Karen Wilson, it’s, ”, Sandra Elliott, Young, dyscalculia, that’s, Lynn Fuchs, don’t, “, Amelia Malone, Heather Brand, —, Malone, screeners, “ It’s Organizations: Associated Press, Christian Science Monitor, Dallas Morning News, Idaho Education, Courier, The Seattle Times, ___ Nationwide, ”, dyscalculia, Teachers, Vanderbilt University ., National Center for Learning, National Center for Learning Disabilities, New, Carnegie Corporation of New, AP Locations: Idaho, South Carolina, ”, U.S, Seattle, Virginia, New York City, Carnegie Corporation of New York

☆ The difficult task of verifying truth in a war zone, especially now
▼ + stars: | 2023-10-16 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +6 min

A report of "40 beheaded babies" in Israel made the rounds last week as journalists worked to verify it. AdvertisementAdvertisementLast week, I was watching CNN and heard a someone describing the Hamas attacks on a kibbutz referencing 40 beheaded babies. The i24news' online story references "40 babies and young children" taken out on gurneys from the town of Kfar Aza. "I just wanted to clarify that I did not tweet 40 babies had been beheaded. Clearly fed up with the mess, BBC's Sardarizadeh, wrote on X, "War is not a game for retweets and likes on social media."

Persons: Claire Atkinson, —, Cooper, Nic Robertson, Robertson, Rashida, Kfar Aza, Marc Owen Jones, JK, Bel, Anna Botting, hadn't, Justin Peden, Sardarizadeh, Elon, Elon Musk, Thierry Breton, Musk, BBC's Sardarizadeh, Rupert Murdoch, She's, Atkinson Organizations: Media, Service, CNN, Fox, Fox News, The Independent, Sky News, Comcast, Times, The Media Locations: Israel, Kfar, Gaza

As the death toll rises in the Israel-Hamas war, they have become seats of anguish. On many campuses, these students agree on one thing: Their colleges, which are increasingly staking out positions of neutrality, have not done enough to support them. College officials, already under pressure to allow conservative opinions on campus, have been trying to preserve free speech and open debate. Some students were angry that a statement from the university president did not go far enough to acknowledge Palestinian deaths. “It shouldn’t be hard to support Palestinian rights and dignity ... while still condemning what Hamas did to Israeli civilians,” Spitalnick said.

Persons: ”, Alex Morey, ” Morey, —, Stanford, Richard Saller, Jenny Martinez, Martinez, we’re, Nadia Ali, Ashkenazie, Zareena Grewal, Grewal, “, ” Eytan, they’ve, Israel, Hussam Ayloush, Ayloush, Israel “, “ Harvard’s, Lawrence Summers, ” Summers, Claudine Gay, ” Harvard Hillel, Amy Spitalnick, ” Spitalnick, Chris Megerian, Collin Binkley Organizations: Jewish, College, Foundation, Rights, Stanford University, ”, Columbia University, Israel, Palestinian, Hamas, Yale University, “, Yale, Islamic, Harvard University, Palestine Solidarity Committee, Media, Harvard, Twitter, university’s Hillel, Jewish Council, Public Affairs, Hillel, Tufts University, Associated Press, Carnegie Corporation of New, AP Locations: Israel, Gaza, California, Manhattan, ” Eytan Israel, Palestine, U.S, Washington, Carnegie Corporation of New York

☆ The billionaire who popularized duty-free shops and gave away his wealth liked to live frugally, from flying economy to driving a used Volvo
▼ + stars: | 2023-10-12 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +4 min

Duty-free shops innovator Chuck Feeney died this week at the age of 92. AdvertisementAdvertisementIrish-American billionaire Chuck Feeney died this week at the age of 92. According to Irish journalist Conor O'Clery's biography of Feeney, "The Billionaire Who Wasn't: How Chuck Feeney Secretly Made and Gave Away a Fortune," Feeney was uncomfortable with his wealth even earlier on in his career. Chuck Feeney lived modestly, preferring rented apartments over mansions. Chuck Feeney is a good hero to have."

Persons: Chuck Feeney, —, Feeney, Conor O'Clery's, Chuck Feeney Secretly, Carnegie Corporation Feeney, O'Clery, Helga, didn't, — they'd, Forbes, Bill Gates, Warren Buffett, frugality — Feeney, Buffett, frugally Organizations: Service, Duty, Shoppers, Facebook, Carnegie Corporation, Timex, Volvo, Gates Locations: American, New Jersey, San Francisco

☆ India's Bharti Group to buy out French partner AXA's stake in JV
▼ + stars: | 2023-10-11 | by ( Hritam Mukherjee | ) www.reuters.com time to read: +2 min

Logos of France's biggest insurer Axa are seen on a building in Nanterre, near Paris, March 8, 2016. REUTERS/Christian Hartmann/File Photo Acquire Licensing RightsBENGALURU, Oct 11 (Reuters) - Bharti Group will acquire French insurer AXA's (AXAF.PA) 49% stake in Bharti AXA Life Insurance Co, the Indian conglomerate said on Wednesday, taking full control of a venture that was jointly run for nearly two decades. "There is ample scope for life insurance to grow in India. Bharti's JV deal, made through its Bharti Life Ventures arm, is expected to close by December this year, subject to regulatory approvals. The company competes with HDFC Life Insurance (HDFL.NS), ICICI Prudential Life Insurance (ICIR.NS), SBI Life Insurance (SBIL.NS) and LIC in a market ranked ninth in the world, according to the insurance regulatory body's latest annual report.

Persons: Christian Hartmann, Bharti, Burman, Avinash Singh, Hritam Mukherjee, Nivedita Bhattacharjee, Anil D'Silva Organizations: Axa, REUTERS, Rights, Bharti Group, Bharti AXA Life Insurance, Bharti, AXA, Life Insurance Corporation of India, United Provident Association, Insurance, JV, Religare Enterprises, Emkay Global Financial Services, Bharti's JV, Ventures, Life Insurance, ICICI Prudential Life Insurance, SBI Life Insurance, Bharti Airtel, Bharti Realty, Del Monte Foods, Del, Del Monte Pacific, Thomson Locations: Nanterre, Paris, India, Del Monte, Bengaluru

"This quarter is all about higher interest rates for longer," said Mike Mayo, an analyst at Wells Fargo. "There is a constructive environment, and investment banking fees tend to be higher through the end of the year," said Jason Goldberg, a banking analyst at Barclays. Despite the renewed optimism, investment banking activity remains depressed. As rates rise, bond prices fall, representing losses on paper that would be realized if the banks sold the bonds. More broadly, "we're back into this environment where investors think interest rates are going to remain higher for longer," he said.

Persons: JP Morgan Chase, Mike Segar, JPMorgan Chase, Goldman Sachs, Morgan Stanley's, Mike Mayo, Ebrahim Poonawala, Jason Goldberg, Richard Ramsden, James Demmert, Ramsden, Tatiana Bautzer, Saeed Azhar, Lananh Nguyen, Nick Zieminski 私 Organizations: JP, Co, REUTERS, JPMorgan, Citigroup, Wells, Bank of America, Federal Reserve, Wall Street, SoftBank's Arm Holdings, Barclays, U.S, Treasury, Valley Bank, Federal Deposit Insurance Corporation, Reuters, Street Research Locations: New York, Wells Fargo, dealmaking, Israel, Bengaluru

☆ SpaceX fires back at FAA report suggesting its Starlink internet constellation could be deadly
▼ + stars: | 2023-10-10 | by ( Jackie Wattles | ) edition.cnn.com time to read: +5 min

CNN —SpaceX is asking federal regulators to correct a report that suggests the company’s Starlink satellite constellation could pose grave risks to people on Earth. The report was delivered to members of Congress by the Federal Aviation Administration, which licenses the launch and reentry of commercial spacecraft, on October 5. The letter also states that 325 Starlink satellites have already deorbited since February 2020, and no debris has been found. For purposes of this report, the FAA uses the more conservative approach,” according to the document. Starlink is mentioned 28 times in the FAA report, while Amazon’s Project Kuiper system is mentioned four times in data tables.

Persons: SpaceX, Starlink, ” Organizations: CNN, SpaceX, Federal Aviation Administration, Aerospace Corporation, FAA, Federal Communications Commission, Aerospace Corporation “, NASA Locations: China, rulemaking, United States

The surge comes as educators are scrambling to bolster students’ math skills, which plummeted during the pandemic and haven’t fully recovered. Advocates say personal finance courses could pay dividends if students learn how to make wiser money decisions and avoid financial hazards. “The more math you add to financial literacy, frankly, the better it is,” says Annamaria Lusardi, founder and academic director of the Global Financial Literacy Excellence Center. ... Having said that, financial literacy is more than math.”Idaho is one of the states where a new financial literacy curriculum is hitting classrooms. In 2020, the NAACP issued a resolution calling for more financial literacy programs in K-12 schools.

Persons: Bryan Martinez jots, ” Martinez, Tonica Tatum, Gormes, ” Tatum, “, ”, Annamaria Lusardi, weren’t, Debbie Critchfield, aren’t, Laina Cox, Tatum, Martinez, who’s, ___ Sadie Dittenber Organizations: WASHINGTON, Capital, Associated Press, Christian Science Monitor, Dallas Morning News, Idaho Education, Courier, The Seattle Times, D.C, Council for Economic Education, Global Financial, “, Advocates, NAACP, Finance, Capital City Public Charter School, Carnegie Corporation of New, AP Locations: Capital City, Idaho, South Carolina, The Washington, Idaho’s, Carnegie Corporation of New York

WASHINGTON (AP) — President Joe Biden’s second attempt at student loan cancellation is moving forward with a round of hearings beginning Tuesday to negotiate the details of a new plan. In a process known as negotiated rulemaking, 14 people chosen by the Biden administration will meet for the first of three hearings on student loan relief. Their goal is to guide the Education Department toward a proposal after the Supreme Court rejected Biden’s first plan in June. The negotiators all come from outside the federal government and represent a range of viewpoints on student loans. That plan would have canceled up to $20,000 in federal student loans for borrowers with incomes below $125,000 or couples below $250,000.

Persons: Joe Biden’s, Biden, Biden’s, rulemaking, “, didn't, Miguel Cardona, —, ”, ” Biden Organizations: WASHINGTON, Education Department, NAACP, Higher, The Education Department, Republicans, Associated Press, Carnegie Corporation of New, AP Locations: Carnegie Corporation of New York

☆ Ireland to lay out sovereign wealth fund plans in expansionary budget
▼ + stars: | 2023-10-09 | by ( Padraic Halpin | ) www.reuters.com time to read: +2 min

"The costs that we are providing for are going to come at us really quickly. A package of one-off financial supports totalling another 2.4 billion euros will be added on top of that, a source familiar with the process told Reuters. A similarly expansive budget a year ago that included even more generous one-off measures handed little political momentum to the three-party coalition. The left-wing opposition Sinn Fein remains well ahead in polls, with elections due by early 2025. ($1 = 0.9478 euros)Reporting by Padraic Halpin; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

Persons: Michael McGrath, McGrath, Sinn Fein, Padraic Halpin, Toby Chopra Organizations: DUBLIN, Finance, Reuters, Thomson Locations: Ireland, Europe, Dublin

Tech companies by the dozens wanted a chance to prove their software was what schools needed. Clark County schools in the Las Vegas area, for one, signed contracts worth at least $70 million over two years with 12 education technology consultants and companies. The pandemic sparked a boom for tech companies as schools went online. Clark County schools spent more than $7 million on Achieve3000 apps. The Jefferson County district signed contracts with online tutoring companies Paper and FEV for a combined $7.7 million.

Persons: Chris Ryan, “, Ryan, Lynn Knight, ”, Bart Epstein, Lorena Rojas, Edmentum, edtech, ” Epstein, Kia McDaniel, Sharon Lurye Organizations: WASHINGTON, Tech, Associated Press, Schools, AP, Revenue, Harvard, Department, ”, IXL, Carnegie Corporation of New Locations: America’s, Clark County, Las Vegas, edtech, Nekoosa , Wisconsin, Clark, Norway, Germany, Louisville , Kentucky, Jefferson County, Prince George’s County, New Orleans, Carnegie Corporation of New York

☆ This bank just hiked its 1-year CD rate to a fresh high
▼ + stars: | 2023-10-09 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +2 min

Stashing money in safe assets is paying off — and another bank has just hiked the yield it pays on a 1-year certificate of deposit. LendingClub bumped the annual percentage yield on its 1-year CD to 5.65%, an increase of 15 basis points. That places LendingClub's 1-year CD some 55 basis points above the median CD peer rate, according to an analysis by Stephens, and it makes the bank's offering the top-paying CD within Stephens' coverage. "Following the market now anticipating a higher for longer rate cycle, we've seen a reversal of the CD rate cuts initiated in September by a few of our online banks," he said. The upside of buying a CD is you get to lock in your rate for the duration of the time you hold the instrument.

Persons: LendingClub, Stephens, Vincent Caintic, Caintic, Banks, — CNBC's Michael Bloom Organizations: Investors, Federal Deposit Insurance Corporation

☆ These books are being used to train AI. No one told the authors
▼ + stars: | 2023-10-08 | by ( Leah Asmelash | ) edition.cnn.com time to read: +7 min

CNN —Almost 200,000 books are being used to train artificial intelligence systems by some of the biggest companies in technology. Books3 is already the subject of multiple lawsuits against Meta and other companies using the system to train AI. Now, thanks to a database published by The Atlantic last week pulling from Books3, authors can see whether their books specifically are being used to train these AI systems. They stole a part of me.”Nora Roberts, the prolific romance novelist, has 206 books used in the Books3 database, according to The Atlantic. With the popularity of text-to-image AI systems, visual artists were in same situation last year, discovering their work was being used to train AI without permission.

Persons: Books3, “, ”, Mary H, Choi, “ I’m, I’m, ” Choi, ” Min Jin Lee, Pachinko, ” “, Al, ” Nora Roberts, William Shakespeare, ” Roberts, Nik Sharma, I’d, Sharma, ” Sharma, James Chappel, ” Chappel, ChatGPT, aren’t, Joe Biden, Choi isn’t, Roberts Organizations: CNN, The Atlantic, Meta, New York Times, Food, Millionaires, West, Bloomberg, Guild of America, WGA Locations: Korean

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