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☆ IMF, World Bank to step up cooperation on climate, debt, digital transition
▼ + stars: | 2023-09-07 | by ( David Lawder | ) www.reuters.com time to read: +4 min

REUTERS/Amit Dave/File photo Acquire Licensing RightsCompanies International Monetary Fund FollowWASHINGTON, Sept 7 (Reuters) - The International Monetary Fund and World Bank on Thursday issued a rare joint statement pledging to step up their cooperation to address climate change, debt vulnerabilities and countries' digital transitions. The IMF and World Bank were established in 1944 at a meeting in Bretton Woods, New Hampshire. DEBT VULNERABILITIESThe two institutions also said they will incorporate climate considerations into their work on debt sustainability for low-income countries. The IMF and World Bank have worked closely on debt sustainability issues, both pushing for improved restructuring frameworks. On the digital transition, the two institutions said they would collaborate to help countries to connect their citizens to online services and reduce barriers to digital inclusion.

Persons: Ajay Banga, Amit Dave, Kristalina Georgieva, Joe Biden, Banga, David Lawder, Paul Simao Organizations: Ministers, Central Bank governors, REUTERS, International Monetary, Monetary Fund, World Bank, Woods, IMF, Bank, Advisory Group, Sustainability Trust, Thomson Locations: Gandhinagar, India, Bretton Woods , New Hampshire, Banga, U.S

☆ The majority of Party City stores will stay open as it exits bankruptcy
▼ + stars: | 2023-09-07 | by ( Samantha Delouya | ) edition.cnn.com time to read: +1 min

CNN —Party City exited bankruptcy on Wednesday after a US judge signed off on the retailer’s reorganization plans. The plan cancels nearly $1 billion of Party City’s debt, and while some of Party City’s nearly 800 US stores will close due to the bankruptcy agreement, the majority will stay open, according to the company. In a statement, Party City said it had renegotiated many of its leases and exited “less productive locations.” That means many of Party City’s workers will stay employed. However, those who held Party City’s stock did not fare as well in the bankruptcy agreement. An August filing by Party City’s financial adviser, Moelis & Co., estimated that the retailer is currently worth between $450 million and $775 million.

Persons: Brad Weston Organizations: CNN — Party City, City’s, Party, Party City Locations: Party City

☆ Opinion: The Proud Prosecution doesn’t mean we’re any safer
▼ + stars: | 2023-09-06 | by ( Anna Lee | Opinion Jon Lewis | ) edition.cnn.com time to read: +8 min

Editor’s Note: Jon Lewis is a research fellow at the Program on Extremism at George Washington University, where he studies domestic violent extremism. However, the 814-page document devoted less than three pages to making recommendations, and in those, perplexingly failed to offer a meaningful set related to domestic terrorism. There is little question that right-wing extremism, particularly white supremacist extremism, is currently the deadliest and most pervasive domestic terrorism threat facing the United States. Nearly 1 in 4 of these right-wing extremist killings were committed in the name of white supremacist terrorism – a staggering 251 total deaths. We stand at a crossroads in the fight against domestic terrorism.

Persons: Jon Lewis, Timothy Kelly, Proud, Enrique Tarrio, Joseph Biggs, Zachary Rehl, Ethan Nordean, Jon Lewis Jon Lewis, perplexingly Organizations: Extremism, George Washington University, CNN, Proud Boys, Justice Department, Biden, Terrorism, Defense, Department of Homeland Security, Twitter, Facebook Locations: United States, Poway, El Paso, Pittsburgh, Buffalo

☆ Hunting alligators is actually good for the environment and for people
▼ + stars: | 2023-09-06 | by ( Maiya Focht | ) www.businessinsider.com time to read: +5 min

Mississippi hunters just broke the state record for the largest alligator ever caught. These hunting programs help control alligator populations and fund state wildlife agencies. This has drawn attention to the state's alligator hunting program, which may provide more benefits for the reptiles than you might think. Because of this system, state officials were able to track the 776 alligators that were harvested in Mississippi in 2021. It's best for both the alligators and humans to keep their populations separate, at least from a public relations standpoint, Watkins said.

Persons: Tate Watkins, Bruce Bennett, Watkins, Mike Heithaus, Maureen Donnelly, Phys.org, he's Organizations: Service, Environment Research Center, Mississippi Department of Wildlife Fisheries, Endowment Fund, gator, Mississippi, gators Locations: Mississippi, Wall, Silicon, Texas , Arkansas , Louisiana , Alabama, Georgia, Florida, South Carolina, Parks, Yellowstone, Willow

☆ Qualcomm focuses on AI and auto as Nvidia takes over as world’s biggest fabless chip company
▼ + stars: | 2023-09-05 | by ( Katie Tarasov | ) www.cnbc.com time to read: +7 min

Until last month, Qualcomm was also the world's biggest fabless chip company. But Qualcomm CEO Cristiano Amon is betting that one day, generative AI will be in high demand off the cloud, too. Qualcomm modems are inside all iPhone models currently being made, including the next model set to come out next week. Today, Qualcomm has more than 140,000 patents. The other lawsuit came from Apple, which sued Qualcomm for roughly $1 billion for charging royalties for technologies Apple said Qualcomm had "nothing to do with."

Persons: Cristiano Amon, Amon, Chris Patrick, Irwin Jacobs, Jacobs, Nobody, Jay Goldberg, Patrick, it's, Daniel Newman, Newman, It's, Donald Trump, Stacy Rasgon, Qualcomm's Amon, CNBC it's Organizations: Qualcomm, Nvidia, Amazon Web Services, CNBC, Apple, Quality Communications, D2D, Futurum, Federal Trade Commission, Broadcom, Bernstein Research, GM, BMW, Samsung, Taiwan Semiconductor Manufacturing Co, Intel Locations: San Diego, China, Taiwan, Asia, That's, U.S, Arizona

☆ Cars and concepts at the Munich Auto Show
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: 1 min

Pictures category · September 5, 2023 · 3:34 PM UTC · ago · agoBurning Man organizers reopened the road leading out of the remote Nevada desert festival on Monday, allowing tens of thousands of attendees to escape after they had been trapped for days by mud.

☆ The US and Chinese air forces are rethinking whether it's possible to control the air
▼ + stars: | 2023-09-03 | by ( Michael Peck | ) www.businessinsider.com time to read: +8 min

The US and Chinese air forces are both thinking about how they'd try to control the air in a war. "It will be a struggle back and forth for air superiority," added Hinote, whose last position was as the Air Force's chief futurist. The most comprehensive is air supremacy, which the US Air Force defines as when "the opposing force is incapable of effective interference within the operational area using air and missile threats." The next level is air superiority, which the Air Force defines as "control of the air by one force that permits the conduct of its operations at a given time and place without prohibitive interference from air and missile threats." AdvertisementAdvertisementUS Army Air Force B-17s bomb an aircraft factory in eastern Germany during World War II.

Persons: they'd, Clinton Hinote, Carlin Leslie, Giulio Douhet, Douhet, Zhou Guoqiang, Derek Solen, Solen, Yu Hongchun, Hinote, haven't, Michael Peck Organizations: Service, US Air Force, Aviation, Air, Air Force KC, Atlantic, Staff, American, Air Force, North, Army Air Force, Getty, Zhuhai Air Show Center, China's Air Force Command, military's, PLA, US Air, China Aerospace Studies, Jamestown Foundation, Defense, Foreign Policy, Twitter, LinkedIn Locations: Wall, Silicon, China, Iraq, Afghanistan, Normandy, Vietnam, Germany, Japan, North Vietnam, Ukraine, Soviet, Taiwan, Guangdong, Xinhua, America, Forbes

There's plenty of information available about how to reach financial independence and retire early. That's not the route I take with my financial planning clients who want to set a goal to retire early. When our clients want to retire early, we support that choice — and we want to build a realistic plan for doing so. It might not be all you hoped for, however, if you're trying to retire early just because you hate your job. If someone has values like Contribution, Community, and Meaningful Work — then early retirement might be a terrible goal!

Persons: That's, It's, Robinhood, — Organizations: Service, Robinhood Locations: Wall, Silicon

☆ A 27-year-old investor building a retirement portfolio of $2 million in 8 years shares why he's heavily buying a fund paying a 12% annualized yield on a monthly basis with tax advantages
▼ + stars: | 2023-09-03 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

As Hankwitz was looking for yields, he came across the NEOS S&P 500 High Income ETF (SPYI). It's also attractive to those who may want to supplement their regular income, Hankwitz said. "Normally, you'll see anywhere between 2 to 4% for most of these dividend stocks," Hankwitz said. "But for a long-term investor like myself, I do want to have that deep exposure to the S&P 500. Global X S&P 500 Covered Call ETF (XYLD) is a similar fund that holds the S&P 500 stocks.

Persons: Austin Hankwitz, Hankwitz, It's, Troy Cates, Cates, it's, XYLD, SPYI, We've Organizations: Medicis, Broadcom, MasterCard, SPYI, JPMorgan, Internal Revenue Service, hasn't, Treasury Locations: SPYI

☆ Would you pay hundreds of dollars for an app your doctor prescribed? Buzzy digital therapeutics could make you healthier — but your insurer probably won't cover them.
▼ + stars: | 2023-09-01 | by ( Natalie Rahhal | ) www.businessinsider.com time to read: +8 min

Apps such as Somryst — known as prescription digital therapeutics — aim to raise the bar for personal healthcare delivered via smartphone. Digital therapeutics show promise for treating IBS and insomniaFunding for digital therapeutics surged by 133% between 2020 and 2021, and the sector's global value is estimated to grow from roughly $7 billion to about $28 billion from now to 2030, Fortune Business Insights reported. In fact, many insurance companies want years of data on real-world use before covering digital therapeutics, Insider previously reported. While there are free nonprescription DTxs available from sources such as the Department of Veterans Affairs, those aren't cleared by the FDA, and privately made prescription digital therapeutics often cost hundreds of dollars. "Digital therapeutics are meant to increase access to care.

Persons: Charlotte Jee, Jee, Corey McCann, John Torous, Beth Israel, they're, Torous, They're, AspyreRx, Mark Berman, hadn't Organizations: Healthcare, Morning, MIT Technology, National Health Service, Food and Drug Administration, Pear Therapeutics, Harvard Medical, Beth Israel Deaconess Medical, Fortune Business, FDA, Better Therapeutics, Disease Control, Department of Health, Human Services, of Health, Department of Veterans Affairs, Aetna

☆ Parents should open accounts for newborns, start investing from earliest moment, says Jim Cramer
▼ + stars: | 2023-08-30 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

'Mad Money' host Jim Cramer shares his key concepts for investing. Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email

Persons: Jim Cramer

☆ Jim Cramer talks the benefits of kids investing in comapnies they know
▼ + stars: | 2023-08-30 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

'Mad Money' host Jim Cramer shares his key concepts for investing. Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email

Persons: Jim Cramer

☆ Let your kids and trends guide you on which stocks to buy, says Jim Cramer
▼ + stars: | 2023-08-30 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

'Mad Money' host Jim Cramer shares his key concepts for investing. Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email

Persons: Jim Cramer

☆ After the first $10K you should invest in diversified stocks, says Jim Cramer
▼ + stars: | 2023-08-30 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

'Mad Money' host Jim Cramer shares his key concepts for investing. Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email

Persons: Jim Cramer

☆ I'm a New Yorker thinking about moving to the Midwest. I loved my first visit to Cleveland — except for one thing.
▼ + stars: | 2023-08-30 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +8 min

Cleveland felt surprisingly walkable compared to other big citiesJulia PugachevskyOne thing I love about living in New York is not having to drive. The "Midwest nice" thing is real (and wonderful)Brewnuts in Cleveland, Ohio. AdvertisementAdvertisementBut I've found the "Midwest nice" thing to be real, and a notably different experience each time. AdvertisementAdvertisementThere was one thing I didn't like about Cleveland: The emptinessThe Arcade in downtown Cleveland. He said I wasn't imagining it: Cleveland used to be one of the biggest and most influential US cities .

Persons: I've, Cleveland's, It'd, I'm, Julia Pugachevsky, Cleveland, I'd, we're, who's Organizations: Yorker, Service, Days, RTA, Times, Google, Astoria, Smart Growth America, Cleveland, New York City, Cleveland Browns, Gordon Square Arts Locations: Cleveland, Wall, Silicon, New York, Chicago, Milwaukee, Madison, Twinsburg , Ohio, Chihuahua, Barrio, Mexican, LA, Austin, Nashville, Edgewater Beach, . New York, Cuyahoga, Cleveland , Ohio

☆ Luxury overland vehicle maker EarthCruiser has teamed up with GMC to turn the Hummer EV into an beefy electric RV — see inside
▼ + stars: | 2023-08-26 | by ( Brittany Chang | Tim Levin | ) www.businessinsider.com time to read: +1 min

Overlanding vehicle maker EarthCruiser has teamed up with GMC to turn the Hummer EV into a RV. Hummer, the brand once known for its gas-guzzling SUVs, now sells electric vehicles. The electric RV market is still nascent with a handful of concepts and startups still in the works. AdvertisementAdvertisementGMC and overlanding vehicle maker EarthCruiser have teamed up to turn the Hummer EV into a tricked out electrified RV ready to pummel its overlanding competitors. So of course the two are working together to upfit the iconic electric Hummer into a beefy home on wheels, debuting on Thursday at the Overland Expo in Colorado.

Organizations: GMC, Hummer, Morning Locations: Colorado

☆ NASA moves forward with plans for supersonic planes that could fly from New York to London in 1.5 hours
▼ + stars: | 2023-08-25 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +3 min

NASA asked private companies to figure out how to make commercial supersonic flight "a reality." Mach 2 to 4 planes, flying up to 3,045 mph, could be used on 50 established flight routes, per NASA. This comes as NASA is starting to test its own X-59 supersonic plane to make sonic booms quieter. To make supersonic flight a reality, it needs to become quieterThe news comes as NASA begins testing its own supersonic plane. NASA/Lockheed MartinThis is an important experiment because non-military supersonic flight over land has been banned by federal regulations for over 50 years in the US.

Persons: Northrop Grumman, Mary Jo Long, Davis, Lockheed Martin, John Wolter, We're, Peter Coen Organizations: NASA, Service, Boeing, Northrop, Concorde, Technology, Lockheed, Lockheed Martin Skunk Works, Quesst Locations: Wall, Silicon, London, New York, Palmdale , California

☆ How teachers and students feel about A.I.
▼ + stars: | 2023-08-24 | by ( Natasha Singer | More About Natasha Singer | ) www.nytimes.com time to read: +2 min

We recently asked educators, professors, and high school and college students to tell us about their experiences using A.I. — Katy Pearce, associate professor, University of WashingtonBefore they even use ChatGPT, I help students discern what is worth knowing, figuring out how to look it up, and what information or research is worth “outsourcing” to A.I. chatbots are making it a lot easier for students to understand difficult concepts in a simple way. It can provide students with endless examples of how to outline essays, business plans and emails. will have on students in the long run but I just don’t want it to make students lazy, as the joy of learning is that “AHA!” moment that comes from figuring something out yourself.

Persons: I’ve, — Katy Pearce, — Nicole Haddad, — Amedeo Bettauer, Sam Avery, chatbots, — Emma Nazario Organizations: A.I, University of Washington, Southern Methodist University, Brookline High School, University of Iowa, AHA, Wheaton

☆ Climate change: Parts of tropical rainforests could get too hot for photosynthesis, study suggests
▼ + stars: | 2023-08-23 | by ( Laura Paddison | ) edition.cnn.com time to read: +5 min

CNN —Some leaves in tropical forests from South America to South East Asia are getting so hot they may no longer be able to photosynthesize, with big potential consequences for the world’s forests, according to a new study. They found that average forest canopy temperatures peaked at 34 degrees Celsius (93 Fahrenheit) but some exceeded 40 degrees Celsius (104 Fahrenheit). This level of warming is not expected under current climate policies, which are estimated to bring 2.7 degrees Celsius of warming above pre-industrial levels. While these figures may seem small, the risk is significant given how critical tropical trees are for life, the climate system and the planet. But, he added, there are more immediate concerns for tropical forests, including deforestation, wildfires and droughts.

Persons: photosynthesize, Christopher Doughty, ” Doughty, Martin Zwick, ”, Kevin Collins, Christopher Still, there’s, it’s, “, Chloe Brimicombe, ” Joshua Fisher Organizations: CNN, Northern Arizona University, Getty, Open University, Science Media, Oregon State University, University of Graz, Chapman University Locations: South America, South East Asia, Nature, Australia, Brazil, ecoinformatics, Mobuku, Uganda, ”, Austria

FIRE stands for "financial independence, retire early," and the movement has gained momentum over the last decade. Yet, I don't work because I love it, or because writing is some sort of passion I have. Some would say we are pursuing Fat FIRE, which is basically early retirement on steroids. 3 reasons to pursue early retirementWhat's funny is, a lot of people seem to think pursuing early retirement is really strange. We all know that not everyone can pursue early retirement, or for some, any type of retirement at all.

Persons: it's, —, It's, doesn't, Get, Heck, That's, Read Organizations: FIRE, Service, Centers for Disease Control Locations: Athens, Zagreb, Rome, United States, Dubai, Maldives

☆ Macy's to open four more smaller stores, as strip mall experiment shows early signs of success
▼ + stars: | 2023-08-22 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +2 min

On a call with CNBC on Tuesday, CEO Jeff Gennette said Macy's smaller stores outperformed the company in the most recent quarter. Macy's already opened 10 similar stores to test the new concept. Some are called Market by Macy's, a mini version of the Macy's namesake stores, and others are named Bloomie's, a smaller version of upscale department store Bloomingdale's. watch nowWith the four new locations, Macy's will test a fresh approach: Calling them by just its name, Macy's. Two new store concepts by Macy's: Market by Macy's and Bloomie's.

Persons: Macy's, Jeff Gennette, Gennette, Melissa Repko Organizations: Herald, View Press, CNBC, Polaris, Macy's Locations: New York City, Boston, Las Vegas, San Diego, Indiana, Dallas, Fort Worth, Texas, Seattle

☆ Meet Khan Academy's AI tutor
▼ + stars: | 2023-08-21 | by ( Nadia Bidarian | ) edition.cnn.com time to read: +10 min

More than 8,000 teachers and students will test education nonprofit Khan Academy’s artificial intelligence tutor in the classroom this upcoming school year, toying with its interactive features and funneling feedback to Khan Academy if the AI botches an answer. A conversation between CNN's Nadia Bidarian and Khanmigo, Khan Academy's AI chatbot tutor. Khan Lab School is a separate nonprofit founded by Khan Academy CEO Sal Khan. Khan Academy’s in-the-works AI learning course “AI 101 for Teachers,” created in partnership with Code.org, ETS and the International Society for Technology in Education, offers a path toward AI literacy among teachers. Imperfect, but improvingAn AI “tutor” like Khanmigo is not immune to the flubs all large language models face: so-called hallucinations.

Persons: —, Khanmigo, George Washington, Cleopatra, Martin Luther King Jr, CNN's Nadia Bidarian, Khan, Kristen DiCerbo, she’s, DiCerbo, “, Oz, ” DiCerbo, “ We’re, Albert Einstein, Einstein, Socrates, Christopher Nolan’s “ Oppenheimer, ”, Thomas Jefferson, Khanmigo’s Thomas Jefferson, GPT, Leo Lin, Sal Khan, they’ve, Khan Academy’s, ” Ernest Davis, Davis, it’s, ” Davis, Rama Ramakrishnan, ChatGPT, ” Ramakrishnan, “ It’s Organizations: CNN, Khan Academy, Khan, American, Khan Lab, . New York City Public Schools, Seattle Public Schools, Los Angeles Unified School District, EdWeek Research, Code.org, ETS, International Society for Technology, NYU, MIT Locations: Arizona, Independence, California, . New York, Education, United States

"We understand there is a crisis, and the need for banking, but this is our money," Hernandez said. Her business had already adopted electronic banking but she often needs quick access to cash to pay for emergencies on job sites, she added. Rodriguez said he and many other entrepreneurs began using electronic banking long before the new measures were announced to comply with tax laws that have evolved with the growing private sector. But for many smaller businesses and mom-and-pop stores in Cuba, the formalities of doing business, like paying taxes, remain novel concepts, he said. Cuban officials have said the new banking measures are necessary for transparency, to assure transactions are recorded and taxes are paid.

Persons: Alberto Quinones, Yulieta Hernandez, Hernandez, Fidel Castro, Leonardo Rodriguez, Rodriguez, Ronald Venero, Nelson Acosta, Anett Rios, Carlos Carrillo, Dave Sherwood, Marc Frank, Rosalba O'Brien Organizations: Reuters, Thomson Locations: HAVANA, Cuba, Cuban, Havana, Santiago de Cuba

☆ North Korea's new ICBM looks and works an awful lot like a Russian ICBM, experts say
▼ + stars: | 2023-08-19 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +2 min

North Korea tested its new Hwasong-18 intercontinental ballistic missile last month. The new IBCM uses "solid-fueled" technology, elevating the threat posed by North Korea. The North Korean Hwasong-18 ICBM was among them. It is a nuclear-capable missile that the country developed in defiance of the UN's attempt to regulate North Korea's nuclear weapons program. The report says the Hwasong-18 is a solid-fueled ICBM, different from the liquid-fueled ICBMs that North Korea has tested over the past few years.

Persons: thinktank, Kim Jung Un Organizations: Service, Strategic, International Studies, CSIS Locations: Korea, North Korea, Russia, Wall, Silicon, Washington, DC, Korean, Russian, United States

☆ The best credit cards for Disney World and Disneyland tickets in 2023
▼ + stars: | 2023-08-18 | by ( Jennifer Yellin | ) edition.cnn.com time to read: +15 min

And you might even find that the best credit card for you isn’t even branded as a Disney credit card. The best credit cards for Disney World and Disneyland ticketsWhile there’s no one-size-fits-all credit card for Disney trips, there are a handful of good options. Ink Business Cash® Credit Card : Best for purchasing Disney gift cards. Fortunately, the 5% discount can be used for third-party gift cards sold at Target (not including Target gift cards). Disney Premier Card: Best for Disney park savingsThe Disney Premier card offers special discounts on merchandise for its card members.

Persons: you’re, Hopper, you’ll, Chase, that’s, we’ve, Mickey, Minnie, You’ll Organizations: CNN, American Express, Disney, Disney World, Mastercard, Capital, Target, American Airlines AAdvantage, United Airlines MileagePlus, Air Canada, Hyatt, Hyatt . Capital, Venture, Staples, BJ’s Wholesale, Sam’s, Ink, Wholesale, Citi, Disney Premier Locations: California, Paris, Tokyo, Shanghai, Hyatt ., DisneyPlus.com

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