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At least three court cases touching legal issues that could affect special counsel Jack Smith’s approach are ripe for rulings from the DC Circuit. But the start of the new DC Circuit term in early September puts additional pressure on the circuit judges to clear out their opinions in lingering cases. Can investigators access data on the phone of a congressman who aided in Trump’s election reversal attempts? The DC Circuit has yet to decide whether investigators can access certain data from a phone of Perry’s that the FBI seized a year ago. However, Smith’s case as a criminal prosecution differs to the approach taken by the civil litigants in other ways.

Persons: Donald Trump, Jack Smith’s, Tanya Chutkan, Trump, Scott Perry, There’s, Smith, rioter Thomas Robertson, “ dishonestly, Karen Henderson, Nina Pillard, Florence Pan, Barack Obama, Joe Biden, Perry, Jeffrey Clark, Gregory Katsas, Neomi Rao, Ronald Reagan, Henderson, –, Sri Srinivasan, Katsas, Judith Rogers, Obama, Bill Clinton Organizations: CNN, US, DC Circuit, Republican, Capitol, Trump, Department, FBI, Pennsylvania Republican, Democratic, Justice Department Locations: Washington ,, Pennsylvania

☆ Edtech startup Kinjo incentivizes kids to play educational mini-games in Roblox. Check out the pitch deck it used to raise $6.5 million in seed funding.
▼ + stars: | 2023-08-21 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +5 min

With Kinjo, kids can earn virtual currency called Robux by playing higher-ranked learning games. To earn these Robux, kids can spend real-world money, or they can play simple mini games to "grind" for Robux rewards. Kids who use Kinjo are three times more likely to spend time on games that are more productive than kids without Kinjo, Malcolm said. Many edtech gaming platforms are already on the market, such as the social-emotional learning game Social Cipher or the STEM learning game Royelles. Check out the 16-slide pitch deck that Kinjo used to raise $6.5 million in seed funding:

Persons: Charles Thornburgh couldn't, Thornburgh, Jim Breyer's Breyer, Kinjo, Laura Malcolm, Kinjo's, Malcolm said, Krishna Srinivasan Organizations: Austin, LiveOak Venture Partners, Silverton Partners, Jim Breyer's Breyer Capital, Roble, Robux, Roblox Locations: Roblox, Silverton, Austin , Texas, Fortnite

☆ $3.7 billion data startup Cohesity prepares for a public listing, again, as hope rises that IPOs will return this fall
▼ + stars: | 2023-08-18 | by ( Julie Bort | ) www.businessinsider.com time to read: +4 min

The data startup Cohesity is gearing up to go public as soon as its bankers give the nod, CEO Sanjay Poonen told Insider. But when it last announced it had filed confidential IPO paperwork, on December 21, 2021, its timing couldn't have been worse. Before the startup could debut, the tech IPO window was slammed shut by rising inflation and interest rates, as well as fears of a full-blown recession. "I can't predict the market, but, you know, if that happens, I'd say we'd be as ready as we were in 2021," Poonen said. And as the market opens up, we'll pick the right time, whether it's fall, whether it's next year," Poonen added.

Persons: Cohesity, Sanjay Poonen, IPOs, Poonen, He's, it's, Eric Brown, Srinivasan Murari, he's Organizations: Microsoft, Web Services, Electronic Arts, McAfee, Google, VMware, IBM, Cisco, Hewlett Packard Enterprise, IDC, Bloomberg Locations: Informatica

☆ $3.7 billion data startup Cohesity gets ready for an IPO, again, as hope rises that IPOs will return this fall
▼ + stars: | 2023-08-18 | by ( Julie Bort | ) www.businessinsider.com time to read: +4 min

Cohesity just hired a new CFO and is talking about getting ready for its IPO. Data startup Cohesity is gearing up to go public as soon as its bankers give the nod, CEO Sanjay Poonen told Insider. But when it last announced it had filed confidential IPO paperwork on December 21, 2021, its timing couldn't have been worse. Before the startup could debut, the tech IPO window was slammed shut by rising inflation and interest rates, and fears of a full-blown recession. The last splashy IPO was HashiCorp on December 9, 2021, so the window has now been closed for 20 months and counting.

Persons: Cohesity, Sanjay Poonen, IPOs, He's, it's, Poonen, Eric Brown, Srinivasan Murari, he's Organizations: Microsoft, Web Services, ARM, Electronic Arts, McAfee, Google, VMware, IBM, Cisco, Hewlett Packard Enterprise, IDC, Bloomberg Locations: Informatica

☆ Norway seen lifting policy rate to 4.0% this week
▼ + stars: | 2023-08-15 | by ( ) www.reuters.com time to read: +2 min

"The risk of another double rate hike is clearly reduced," Handelsbanken said in an Aug. 11 note to clients. Norges Bank's monetary policy committee has said it will likely hike the policy rate to 4.25% in the course of this year to prevent a continued rapid rise in prices and wages that could see inflation become entrenched. The European Central Bank last month raised its key policy rate to 3.75%, but a narrow majority of economists polled by Reuters expect the ECB to temporarily pause its rate-hiking campaign at its September meeting. All 31 economists polled in the Aug. 10-15 period said Norges Bank would announce on Thursday that it will increase its policy rate by 25 bps to 4.00%. The poll's median prediction showed that the policy rate is expected to hit a peak of 4.25% later in the third quarter, although some predicted it could rise to 4.50% by the end of the year.

Persons: Handelsbanken, Terje Solsvik, Vijayalakshmi Srinivasan, Pai Sujith, Susan Fenton Organizations: Reuters, Norges, bps, Norges Bank, European Central Bank, ECB, Thomson Locations: OSLO, Norwegian, Bengaluru

☆ Yes, cold weather affects EV batteries. Here's why they drain faster.
▼ + stars: | 2023-08-12 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +4 min

EV car batteries drain much quicker in cold conditions, significantly affecting their performance. Charging EV batteries in cold weatherCharging can also be an issue in cold conditions. The Idaho National Laboratory reported that EV batteries can take up to three times as long to charge in cold temperatures. But some startups are seeking to make cold weather issues a thing of the past. There are a few ways that drivers of electric vehicles can prolong their cars' battery lives in cold weather.

Persons: Tesla, Venkat Srinivasan, Insider's Tim Levin, Anna Stefanopoulou, Stefanopoulou, EVs, Domenick Nati Organizations: EV, Reuters, South, Korea Fair Trade Commission, Center for Energy Storage Science, University of Michigan's Energy Institute, Wired, Idaho National Laboratory, Bay Technology, Bloomberg Locations: Argonne, Idaho, Bay, British

REUTERS/Dado Ruvic/IllustrationBENGALURU, Aug 3 (Reuters) - The U.S. dollar will hold its ground against most major currencies over the coming three months as a resilient domestic economy bolsters expectations interest rates will remain higher for longer, according to FX strategists polled by Reuters. The dollar is unlikely to give up recent gains in coming months, according to the July 31-Aug. 2 Reuters poll of 70 FX strategists, which showed most major currencies would not reclaim their recent highs for at least six months. In response to an additional question, 27 of 40 FX strategists said net short USD positions would either not change much or decrease over the coming month, suggesting the dollar would be rangebound. Typically, these conditions often coincide with a more negative dollar outlook," said Kamakshya Trivedi, head of global FX at Goldman Sachs. At this point in time I wouldn't say so," said ECB President Christine Lagarde last week after delivering a widely anticipated 25 basis points (bps) rate increase.

Persons: Dado Ruvic, Kamakshya Trivedi, Goldman Sachs, Christine Lagarde, Kit Juckes, Sterling, Indradip Ghosh, Shaloo Shrivastava, Sujith Pai, Veronica Khongwir, Vijayalakshmi Srinivasan, Jonathan Cable, Ross Finley, Alex Richardson Organizations: REUTERS, U.S, Reuters, greenback, Federal Reserve, Central Bank, Fed, ECB, Societe Generale, Bank of England, bps, Bank of, Thomson Locations: U.S, Bank of Japan

☆ India's HDFC Bank posts bigger-than-expected jump in Q1 profit
▼ + stars: | 2023-07-17 | by ( ) www.reuters.com time to read: +2 min

MUMBAI, July 17 (Reuters) - HDFC Bank (HDBK.NS), India's largest private lender, on Monday reported a bigger-than-expected 30% jump in first-quarter profit, helped by higher net interest income (NII) and strong loan growth. The lender's standalone net profit was at 119.52 billion rupees ($1.46 billion), up from 91.96 billion rupees a year ago. HDFC's deposits have been transitioned into those of HDFC Bank beginning July 1, he said. HDFC had retail liabilities worth 1.3 trillion rupees and non-retail liabilities worth 390 billion rupees as on June 30, he added. Provisions and contingencies, or the funds set aside to cover loan losses, slipped 10.3% to 28.6 billion rupees.

Persons: HDFC, Srinivasan Vaidyanathan, Vaidyanathan, Bank's Organizations: HDFC Bank, Housing Development Finance Corp, Thomson Locations: MUMBAI

☆ Bank of Canada to raise rates 25 basis points on July 12, possibly the last
▼ + stars: | 2023-07-06 | by ( Milounee Purohit | ) www.reuters.com time to read: +3 min

So the BoC will press ahead and hike the overnight rate by 25 basis points to 5.00% on July 12, according to 20 of 24 economists in the June 28-July 6 Reuters poll. That would amount to 475 basis points in total since March 2022, taking the overnight rate to a new 22-year high. Inflation is not expected to fall to the central bank's 2% target at least until 2025, according to the poll. The central bank was predicted to keep rates on hold at 5.00% until Q2 2024, said a majority of economists. Rates staying high for longer is expected to boost the Canadian dollar, one of the best performers among G10 currencies this year.

Persons: Priscilla Thiagamoorthy, Claire Fan, Kit Juckes, Milounee Purohit, Vijayalakshmi Srinivasan, Ross Finley, Andrea Ricci Organizations: Bank of Canada, Reuters, BoC, BMO Capital Markets, Gross, RBC Economics, Canadian, U.S, Societe Generale, Thomson Locations: BENGALURU

☆ Mega-merger gives Indian lender new lease on life
▼ + stars: | 2023-06-20 | by ( Shritama Bose | ) www.reuters.com time to read: +4 min

HDFC Bank (HDBK.NS), the country’s largest private lender, is set in July to complete its merger with its parent, partner and 26% shareholder Housing Development Finance Corporation (HDFC) (HDFC.NS). That’s a great opportunity for the larger, streamlined HDFC Bank – until now it sold most home loans it originated to its parent. However, the share of mortgages in HDFC Bank’s portfolio will rise close to 30%, compared to SBI’s 20%. HDFC Bank remains a fixer-upper in a couple of important respects, though. Housing Development Finance Corporation created HDFC Bank in 1994 and remains a 26% shareholder.

Persons: Sashidhar Jagdishan, That’s, HDFC, Jagdishan, Breakingviews, Srinivasan Vaidyanathan, Antony Currie, Thomas Shum Organizations: Reuters, HDFC Bank, Housing Development Finance Corporation, –, Bank of India, Mahindra Bank, Reserve Bank of India, Thomson Locations: MUMBAI, Asia, China, United States, watchdogs, Credila

☆ Crypto is dead: long live crypto!
▼ + stars: | 2023-06-16 | by ( Felix Martin | ) www.reuters.com time to read: +8 min

The end of near-zero interest rates, quantitative easing and pandemic-era fiscal stimulus has sent prices crashing back to earth. Rising real interest rates have proved to be kryptonite for crypto, as for so many other speculative assets. The normalisation of interest rates may have done for crypto in its most recent incarnation as a get-rich-quick scheme. The proposition that the circulation of private currencies might be economically beneficial has also been around for a while. Nevertheless, history shows that for privately issued currencies to attain critical mass it has typically required more than just the availability of viable alternatives.

Persons: cryptocurrencies, Gary Gensler, noncompliance, Balaji Srinivasan, marc ”, Paul Krugman, Friedrich Hayek’s, Money ”, James Steuart, ”, Crypto, Long, Peter Thal Larsen, Oliver Taslic Organizations: Reuters, U.S . Securities, Exchange Commission, Coinbase, SEC, State, Brixton, counterparties, Central Bank of, Thomson Locations: Ithaca, Scottish, United States, Central Bank of Argentina

[1/3] Paramedics display a dose of the opioid overdose reversal drug Narcan, or Naloxone Hydrochloride, in an ambulance in Peabody, Massachusetts, U.S., August 8, 2017. The figure is up 0.7% from 108,825 overdoses recorded in the 12-month period ending January 2022, according to U.S. data. The U.S. drug overdose death toll crossed the 100,000-mark for the first time in 2021, as the COVID pandemic disrupted medical care and increased mental health problems. U.S. drug overdose deaths rose 13.7% between January 2021 and January 2022 and by 31.4% in the prior 12 months at the height of the pandemic. But the surge in overdose deaths began before the pandemic took hold due to abuse of prescription opioid painkillers and illegal drugs like heroin.

Persons: Brian Snyder, Joe Biden's, Biden, Tom Britton, Stacey McKenna, McKenna, Nandhini Srinivasan, Khushi, Bill Berkrot Organizations: REUTERS, U.S . Centers for Disease Control, Prevention, American Addiction Centers, U.S, R Street Institute, D.C, CDC, Thomson Locations: Peabody , Massachusetts, U.S, China, Mexico, Washington, Bengaluru

☆ Google launches AI-powered advertiser features in push for automation
▼ + stars: | 2023-06-14 | by ( Sheila Dang | ) www.reuters.com time to read: +1 min

AI has dominated the tech industry in recent months as Google and other companies have developed novel chatbots that can respond to users in open-ended conversations. read moreWhile Google has previously introduced AI tools for advertisers, it is now using the technology to help brands achieve more specific goals for their ads. The second new feature will use AI to find the best ad placements with the goal of maximizing views of a brand's video ads, Google said. Early testing shows that brands received on average 40% more video views with the new tool, Srinivasan said. By using AI to remove some of the "grunt work" for advertisers, brands will be able to focus more on their marketing strategy and storytelling, she added.

Persons: Vidhya Srinivasan, Srinivasan, Sheila Dang, Raju Gopalakrishnan Organizations: Google, Gmail, YouTube, Thomson Locations: Dallas

That hawkish change in market expectations has helped boost the U.S. dollar to its highest level since March. Just over 25% of economists in the poll, 23 of 86, forecast at least one Fed rate cut by the end of 2023, but that is down from 28% in the last poll. The U.S. Labor Department is due to release consumer price inflation data on June 13, the first day of the Fed meeting. "If most Fed officials feel at least another 25-basis-point hike will be necessary, it seems simplest to deliver that hike in June rather than 'skip'." Inflation as measured by core PCE was forecast to remain above 2% at least until 2025.

Persons: Jerome Powell, Powell, Philip Marey, Janet Yellen, Andrew Hollenhorst, Oscar Munoz, Prerana Bhat, Indradip Ghosh, Vijayalakshmi Srinivasan, Maneesh Kumar, Ross Finley, Mark Potter, Paul Simao Organizations: U.S . Federal, Reuters, U.S, Rabobank, Treasury, Bank of Canada, U.S . Labor Department, Citi, National Bureau of Economic Research, TD Securities, Thomson Locations: BENGALURU, U.S, Canadian

The outlook was little changed for Britain and in India where prices have kept rising. Adam Challis, executive director of research and strategy for EMEA at JLL, said strong wage gains over the past year had kept many housing markets resilient despite significantly higher borrowing costs. Peak-to-trough falls for nearly all housing markets surveyed were downgraded from the March poll. British and U.S. house prices were expected to fall around 3% and Australia's to be flat for the full year 2023. Average house prices are expected to rise about 6% in India.

Persons: Mike Blake, Goldman Sachs, Adam Challis, hasn't, Hari Kishan, Prerana Bhat, Jonathan Cable, Anant Chandak, Sarupya Ganguly, Indradip Ghosh, Vivek Mishra, Milounee, Susobhan Sarkar, Devayani, Vijayalakshmi Srinivasan, Ed Osmond Organizations: KB, REUTERS, EMEA, Thomson Locations: Valley Center , California, U.S, BENGALURU, Canada, Germany, Australia, New Zealand, Britain, India, JLL

☆ Robert F. Kennedy Jr. compares Elon Musk to patriots who died fighting in the American Revolution, blames anti-depressants for mass shootings
▼ + stars: | 2023-06-05 | by ( John Cook | ) www.businessinsider.com time to read: +5 min

Elon Musk hosted RFK Jr. in a bizarre Twitter Spaces conversation littered with falsehoods and conspiracy theories. Kennedy compared Musk to patriots who died in the Revolutionary War. "Thank you for your service to our country, Elon," Kennedy said. Musk, who is South African but has American citizenship, bought Twitter last year for $44 billion. He also laid the blame for the massive increase in mass shootings not on guns, but on pharmaceutical companies for marketing antidepressants.

Persons: Elon Musk, Kennedy, Musk, —, Robert F, Kennedy Jr, I've, Joe Biden, Ron DeSantis, you'd, weren't, Tulse Gabbard, Balaji Srinivasan, Michael Shellenberger, Gabbard, hadn't, Mike Pompeo, Trump, Biden Organizations: RFK Jr, Service, Democratic, Biden Administration, Twitter, Democratic Party, State Locations: Elon, Russian, Ukraine, America, China, American

☆ Explainer: What India's decision to scrap its 2000-rupee note means for its economy
▼ + stars: | 2023-05-20 | by ( Ira Dugal | ) www.reuters.com time to read: +3 min

MUMBAI, May 20 (Reuters) - India will withdraw its highest denomination currency note from circulation, the central bank said on Friday. WHY DID THE GOVERNMENT WITHDRAW 2000-RUPEE NOTES? When 2000-rupee notes were introduced in 2016 they were intended to replenish the Indian economy's currency in circulation quickly after demonetisation. However, the central bank has frequently said that it wants to reduce high value notes in circulation and had stopped printing 2000-rupee notes over the past four years. The value of 2000-rupee notes in circulation is 3.62 trillion Indian rupees ($44.27 billion).

☆ Sudan one month on: Why cease-fires are failing, and what global leaders are missing
▼ + stars: | 2023-05-17 | by ( Elliot Smith | ) www.cnbc.com time to read: +5 min

KHARTOUM, Sudan - May 6, 2023: Sudanese Army sodliers walk near armoured vehicles stationed on a street in southern Khartoum, amid ongoing fighting against the paramilitary Rapid Support Forces. AFP via Getty ImagesOne month after fighting between Sudan's two military factions broke out in the capital, Khartoum, internationally-brokered peace talks in Saudi Arabia have yielded no solution. Almost a million people have fled their homes, both to locations within Sudan and across the border to neighboring countries. The World Bank and several global powers froze aid to the country after the military takeover, honoring calls from civilians not to legitimize its leadership. Targeted and collaborative efforts by the international community to exert pressure on the countries supporting Sudan's military factions were needed, Abdel-Magied said.

☆ IMF official says Sri Lanka reforms critical, evaluating progress
▼ + stars: | 2023-05-15 | by ( Uditha Jayasinghe | ) www.reuters.com time to read: +2 min

COLOMBO, May 15 (Reuters) - The International Monetary Fund (IMF) mission in Sri Lanka will evaluate progress made on reforms so far and complete an exercise to improve governance in key areas of the economy, an IMF official said on Monday. An IMF team is in Colombo until May 23 as part of regular consultations ahead of the first review mission later this year. "It is now essential to continue the reform momentum," said Krishna Srinivasan, Director of Asia Pacific Department at IMF. Sri Lanka, with the help of a $2.9 billion bailout from the global lender, is trying to recover from its worst financial crisis since gaining independence in 1948 and turn around its battered economy. Peter Breuer, IMF Senior Mission Chief for Sri Lanka, Asia and Pacific Department said the lender will be looking at whether the government's macro framework is still appropriate or whether it requires revisions.

☆ Intel, Boston Consulting Group team to sell AI to corporate customers
▼ + stars: | 2023-05-10 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

May 10 (Reuters) - Intel Corp (INTC.O) and Boston Consulting Group on Wednesday said they are working together to sell generative artificial intelligence tools to big businesses. Google owner Alphabet Inc (GOOGL.O) and Microsoft Corp (MSFT.O) are revamping their search engines with AI technology to provide answers to questions rather than lists of links. Previously, BCG employees conducted a keyword search and had to click through each document to see whether it contained what they were looking for. With the new system, the AI system can answer employees' questions using the archive or summarize entire documents. Intel built the supercomputer and software so that BCG did not have to share its data with Intel.

☆ Young Cyber Companies Face Uncertain Economy
▼ + stars: | 2023-05-10 | by ( James Rundle | ) www.wsj.com time to read: +4 min

Newer cybersecurity companies are grappling with uncertain economic conditions as they find it harder to raise capital, continue to trim their workforces and refocus on profits after long periods of chasing growth. Fed by a glut of venture-capital investment, many private cybersecurity providers hired widely and expanded their operations significantly in recent years. Newsletter Sign-up WSJ Pro Cybersecurity Cybersecurity news, analysis and insights from WSJ's global team of reporters and editors. Cybereason, a Boston-based security company, raised $100 million in Series G financing in early April, led by SoftBank. The company’s chief executive, Lior Div, was replaced by SoftBank executive Eric Gan, with Mr. Div taking on an advisory role.

☆ U.S. FDA advisers back OTC use of Perrigo's birth control pill
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +1 min

May 10 (Reuters) - A U.S. Food and Drug Administration advisory panel on Wednesday voted in favor of using Perrigo Co's (PRGO.N) contraceptive without a prescription, paving the way for the country's first approval for an over-the-counter birth control pill. The panel remained positive on the effectiveness of the pill, not only in the general population of women but also in adolescent populations and those with limited literacy. Perrigo's Opill, currently approved for prescription use, would be the first OTC non-estrogen contraceptive pill in the United States if approved by the regulator. The FDA generally follows the advise of its experts, though it is not bound to do so. Reporting by Sriparna Roy and Nandhini Srinivasan in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ IMF sees uncertainty over Japan's monetary policy, spillover globally
▼ + stars: | 2023-05-04 | by ( Leika Kihara | ) www.reuters.com time to read: +3 min

While most Asian central banks must keep tightening monetary policy, Japan remains an exception with inflation still moderate - though this could change. "There is uncertainty around the direction of monetary policy in Japan, amid a rise in inflation," Srinivasan said. "Changes in Japan's monetary policy that lead to further increases in government bond yields could have global spillovers through Japanese investors, who have large investment positions in debt instruments abroad," Srinivasan said. With inflation exceeding its 2% target, markets are rife with speculation the Bank of Japan (BOJ) could modify its bond yield control policy in coming months. The BOJ kept ultra-low interest rates on Friday but announced a plan to review its past monetary policy moves, laying the groundwork for new governor Kazuo Ueda to phase out his predecessor's massive stimulus programme.

The CDC report showed that the rate of drug overdose deaths involving fentanyl increased from 5.7 per 100,000 people in 2016 to 21.6 per 100,000 in 2021. Fentanyl-related deaths rose by about 55% in 2019-2020, and 24.1% in 2020-2021, said Merianne Rose Spencer, one of the report's authors. Between 2016 and 2021, the rate of drug overdose deaths involving methamphetamine increased more than fourfold, and cocaine-related overdose deaths more than doubled, the CDC said. Heroin related deaths decreased from 4.9 per 100,000 in 2016 to 2.9 in 2021, the report found. The Biden administration has been pushing for action as U.S. drug-related overdose deaths surpassed 100,000 in 2021, according to government estimates.

☆ Asia's central banks need to keep their eyes on inflation and address it head-on, IMF says
▼ + stars: | 2023-05-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAsia's central banks need to keep their eyes on inflation and address it head-on, IMF saysKrishna Srinivasan of the International Monetary Fund says core inflation is still sticky and it expects "higher for longer for Asia, and that includes India."

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