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☆ K-pop stock falls 7% amid questions over Blackpink member's contract renewal
▼ + stars: | 2023-07-12 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

(Photo by Emma McIntyre/Getty Images for Coachella)Shares of K-pop management agency YG Entertainment dropped almost 7% after reports emerged that the contract renewal for a member of girl group Blackpink is in doubt. YG shares traded at 73,900 Korean won at 2.41pm KST. At this level, the stock is at its lowest since May 11, when it closed at 66,700 Korean won apiece. According to an exclusive report by South Korean media outlet Munhwa Ilbo, Thailand-born member Lisa has "not been able to find an agreement" regarding a contract extension with YG Entertainment. Blackpink — made up of members Jisoo, Jennie and Rosé, in addition to Lisa — has been one of YG Entertainment's most successful K-pop groups.

Persons: Jennie, Jisoo, Lisa, Emma McIntyre, —, Rosé, Lisa — Organizations: Coachella, Valley Music, Arts Festival, YG Entertainment, YG, 2.41pm, Korean, South, Munhwa, Munhwa Ilbo Locations: INDIO , CALIFORNIA, Indio , California, South Korean, Munhwa Ilbo, Thailand, Korean

Shares of K-pop agencies dipped briefly on Wednesday after a reported investigation by South Korea's antitrust watchdog. The report said government agencies sent "examiners" to the offices of Hybe, SM Entertainment, YG Entertainment, according to a CNBC translation of the article. Hybe, the agency behind BTS, saw its shares fall as much as 3%, while SM Entertainment fell as low as 2.19%. When contacted by CNBC, South Korea's FTC said they could not confirm or deny the Yonhap report. Hybe said that it has no comments, while YG Entertainment and SM Entertainment did not respond to requests seeking comments to the Yonhap report.

Persons: Lisa, Jennie, Yonhap, Hybe, — CNBC's Kimberly Kao Organizations: Coachella, Valley Music, Arts Festival, Korea's Fair Trade Commission, Yonhap, SM Entertainment, YG Entertainment, CNBC, South, FTC Locations: INDIO , CALIFORNIA, Indio , California, South Korean, Hybe

☆ Stocks making the biggest moves in the premarket: Rivian, UPS, Coinbase and more
▼ + stars: | 2023-07-05 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

The Securities And Exchange Commission has filed a lawsuit against cryptocurrency exchange Coinbase for allegedly violating securities laws by acting as an exchange, a broker and a clearing agency without registering with the Securities and Exchange Commission. United Parcel Service — Shares of the logistics and delivery company fell more than 1% in premarket trading as negotiations between UPS and the Teamsters union appeared to hit an impasse. The union said in a statement Wednesday that negotiations had collapsed after UPS "walked away from the table." UPS said in response that it had not walked away and was encouraging the union to return to the table. The current UPS Teamsters contract expires at the end of July.

Persons: Justin Sullivan, Coinbase, Piper Sandler, Hertz, Hertz — Hertz, Jefferies, Macheel, Jesse Pound Organizations: Securities, Exchange, Securities and Exchange Commission, United Parcel Service, UPS, Teamsters, UPS Teamsters, Coinbase, AstraZeneca, Citi, Hertz — Locations: CALIFORNIA, San Anselmo , California

[1/4] Liquified petroleum gas vessel Zita Schulte is seen docked at the port of Corpus Christi, Texas, U.S., May 15, 2023. A hydrogen hub would require access to millions of gallons of water – a challenge in Corpus Christi which is experiencing a multi-year drought. Peter Zanoni, the city manager for Corpus Christi, said the hydrogen project, if approved, all but requires the adoption of seawater desalination. And seawater desalination plants are energy intensive and expensive to build and maintain, energy experts say. Corpus Christi first proposed seawater desalination in 2017 to supply its rapidly growing energy and petrochemicals industries.

Persons: Zita Schulte, Joe Biden's, Read, Jennifer Granholm, Biden, Minh Khoi, Radhika Fox, Peter Zanoni, Zanoni, Paul Montagna, Christi, Errol Summerlin, Brandon Marks, Marks, Charles Zahn, Valerie Volcovici, Richard Valdmanis, Suzanne Goldenberg Organizations: Investment, Jobs, Biden, Coastal Alliance, Corpus, U.S . Energy, Reuters, Rystad Energy, Department of Energy, DOE, Environmental, Corpus Christi, ExxonMobil, Saudi Arabia's Basic Industries Corporation, M University, Harte Research, Gulf of, Gulf of Mexico Studies, EPA, Texas Commission, Texas Campaign, Thomson Locations: Corpus Christi , Texas, U.S, Gulf, Christi , Texas, Corpus Christi, Southern California , Colorado , Kansas, New Mexico, Texas, Corpus, United States, Gulf of Mexico, San Diego , California, Hillcrest, San Antonio

☆ Biden administration details plans for $42 bln investment in US internet access
▼ + stars: | 2023-06-26 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +3 min

The $42 billion in federal funding under the Broadband Equity Access and Deployment Program is based on a newly released Federal Communications Commission coverage map that details gaps in access. Texas and California - the two most populous U.S. states - top the funding list at $3.1 billion and $1.9 billion, respectively. But other less populous states like Virginia, Alabama and Louisiana cracked the top 10 list for funding due to lack of broadband access. The administration estimates there are some 8.5 million locations in the U.S. that lack access to broadband connections. The lack of broadband access drew attention during COVID shutdowns that forced students into online schooling.

Persons: Joe Biden, Read, Joe Biden's, Jeff Zients, Zients, Franklin Roosevelt's, COVID, Biden, Anita Dunn, Mike Donilon, Jarrett Renshaw, Scott Malone, Chris Reese, Lisa Shumaker Organizations: Infrastructure Law, White, Broadband, Federal Communications, Congress, Verizon, Comcast, Charter Communications, Thomson Locations: Texas, California, U.S, Virginia , Alabama, Louisiana, America, Chicago

☆ Microsoft says it looked at acquiring Zynga but opted to go bigger with Activision
▼ + stars: | 2023-06-23 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Zynga was originally for the Facebook hit social game FarmVille, before eventually expanding into mobile games, largely through acquisitions. Prior to the Microsoft offer, Activision met with a financial firm to work on topping Take-Two's purchase of Zynga, CNBC reported at the time. Spencer didn't say when Microsoft was in talks with Zynga, and the company wouldn't provide further comment. Spencer said that after the company went to Zynga, he worked with Microsoft finance chief Amy Hood to look for mobile opportunities. Activision grew its portfolio of mobile games with the 2016 acquisition of King, publisher of Candy Crush Saga.

Persons: Phil Spencer, Justin Sullivan, Spencer, Spencer didn't, Tencent, Amy Hood, King, Candy Organizations: FRANCISCO, Microsoft, Activision, FTC, Activision Blizzard, Zynga, Federal Trade Commission, Facebook, FarmVille, CNBC, Sony, Apple Locations: CALIFORNIA, San Francisco , California, San Francisco

☆ Tight supply is driving home values up. Here are the price and inventory changes by state over last year, according to a real-estate analytics company.
▼ + stars: | 2023-06-18 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

National median closing prices for single-family homes have been on the rise for the last 13 weeks. The major contributor to the upward price pressure is a lack of inventory, says Brandon Lwowski. Below are two tables that demonstrate the inventory and price changes by state. The major contributor to the upward price pressure is low inventory. Supply of single-family homes has been slipping since the 2008 financial crisis.

Persons: Brandon Lwowski, we're, Price, Lwowski Organizations: MLS, HouseCanary, Dakotas, New, District of Columbia, Alabama, South Carolina Locations: HouseCanary, Wyoming, Dakotas . State, New Mexico, Texas, Florida, Oklahoma, Louisiana, Arkansas, Mississippi, Tennessee, Arizona, Carolina, Utah, Georgia, Nebraska, Michigan, Oregon, Indiana, Hawaii, Delaware, Virginia, Maine, Nevada, Iowa, Kentucky, Pennsylvania, Washington, Ohio, Maryland, Vermont, York, Minnesota, Massachusetts, California, Illinois, Hampshire, Wisconsin, Idaho, Colorado, Missouri, Connecticut, Jersey, Alaska, Kansas, Montana, Arkansas , Wyoming

☆ Fact Check-California state map shows results of 1984 presidential election
▼ + stars: | 2023-06-13 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A predominantly red map of California shows the 1984 presidential election results, where former U.S. President Ronald Reagan won in a landslide. Online posts are falsely saying it shows results from the 2020 general election. However, it shows results from the 1984 presidential election, where only Alameda, Marin, San Francisco, Santa Cruz, and Yolo counties voted Democrat while the rest of the state voted Republican (here). The California Secretary of State (SoS) shared the 1984 presidential election results in an email to Reuters, where the results match the map being shared online. The map shows presidential election results in California for 1984, not 2020.

Persons: Ronald Reagan, Joe Biden, Read Organizations: Trump, BIG, Republican, Democratic, State, Reuters, California’s Locations: California, Los Angeles, San Diego , Orange County, Alameda, Marin, San Francisco, Santa Cruz, Yolo

☆ Tesla stock charges upwards on deal with GM
▼ + stars: | 2023-06-09 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

Both Ford and GM EV drivers will, for now, need special adapters to allow their vehicles to use Tesla chargers. Tesla’s charging system had been proprietary and only usable by Teslas – although Teslas could use CCS chargers with an adapter. But CEO Elon Musk announced in late 2022 that he was inviting other automakers and charging companies to use Tesla’s charging system and design standards. Tesla’s NACS chargers outnumber CCS chargers in the United States by a factor of two to one, according to Tesla. Other automakers, such as KIa, Hyundai, BMW, Mercedes and Volkswagen, still use the CCS charging standard and have not announced any plans to change.

Persons: CNN — Tesla, ”, Gary Silberg, –, Elon Musk, Mary Barra, Sam Abuelsamid, Tesla, Justin Sullivan, Guidehouse’s, KPMG’s Silberg, Abuelsamid, Musk, GM’s Organizations: CNN, General Motors, Ford, GM EV, Tesla, KPMG, GM EVs, Guidehouse, CCS, GM, GM’s Chevrolet, Cox Automotive, KIa, Hyundai, BMW, Mercedes, Volkswagen Locations: United States, CALIFORNIA, San Rafael , California, North America

☆ Banks are cutting off Binance's access to U.S. banking system, exchange says
▼ + stars: | 2023-06-08 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

The Securities And Exchange Commission has filed lawsuits against cryptocurrency exchanges Coinbase and Binance for allegedly violating multiple securities laws. Binance announced the change late Thursday night on Twitter, and blamed the Securities and Exchange Commission's "unjustified civil claims against our business." Binance's banking transactions are the center of immense scrutiny by the SEC, which filed a civil complaint against the exchange and its founder, Changpeng Zhao, alleging both violated U.S. securities laws. But it suggests that Binance's banking partners have decided the exchange is too risky a client to keep on, and that the revelations from the SEC case have grown too significant to ignore. Multiple banking partners had already stopped serving Binance, and it wasn't immediately clear which banking partners Binance retained.

Persons: Justin Sullivan, Binance, Changpeng Zhao, —, wasn't Organizations: Securities, Exchange, Twitter, SEC, Axos Bank, Bank Locations: CALIFORNIA, San Anselmo , California, United States, Silicon Valley

☆ Kurt Cobain's smashed Fender guitar sells for almost $600,000
▼ + stars: | 2023-05-22 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

Kurt Cobain's smashed Fender Stratocaster guitar sold at auction for $595,900, more than 10 times its original estimate. The Nirvana frontman's iconic left-handed electric guitar was smashed while the grunge pioneers were making their seminal Nevermind album in the early 1990s. Reassembled but unplayable, it was expected to sell for between $60,000 and $80,000 at the Julien's auction at the Hard Rock Cafe in New York over the weekend. According to Julien's Auctions, Cobain gave the guitar to Lanegan during Nirvana's Nevermind tour in 1992. The guitar Cobain played during a legendary live acoustic concert on MTV Unplugged in 1993, just five months before his death, was sold two years ago for $6 million.

According to the industry analysis firm's report, Tesla's average installations per week were 21 in 2022, far lower than the company's 1,000-per-week target for 2021. loadingWood Mackenzie said its analysis on Tesla's Solar Roof relies on data from several states, but it captures the largest markets such as California - the state where most of the roofs have been installed - and "paints an accurate national picture". "GAF Energy's Timberline Solar roofing system is better-positioned to achieve widespread adoption," said Max Issokson, analyst at Wood Mackenzie. The potential of Tesla's Solar Roof will rely on the company's ability to simplify and streamline installations and tap into a broader customer base, Issokson added. Solar Roof and GAF Energy's Timberline Solar, which was launched last year, are roofing shingles that can produce solar power.

☆ Stocks making the biggest moves midday: BuzzFeed, First Republic, Meta and more
▼ + stars: | 2023-03-14 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

(Photo by Justin Sullivan/Getty Images)BuzzFeed — Share of the internet media company lost about 10% on a weak first-quarter revenue outlook. Buzzfeed expects first-quarter revenue of $61-$67 million, compared to expectations of $83.6 million, according to FactSet. Meta Platforms — Meta shares gained 6% after CEO Mark Zuckerberg said Tuesday the social media company plans to cut 10,000 employees. First Republic , PacWest Bancorp, Western Alliance Bancorp , Comerica — Regional banks rallied sharply Tuesday after being hit hard last Friday and Monday. Shares of San Francisco-based First Republic rose about 50%, while PacWest jumped more than 60% and Western Alliance Bancorp gained more than 40%.

Jan 31 (Reuters) - Solar panels and home batteries have soared in popularity because they allow consumers to generate and store their own carbon-free power and save on their electricity bills. When used this way, they are called virtual power plants, or VPPs. "Virtual power plants are at the center of that." U.S. solar companies including Sunrun Inc (RUN.O) and SunPower Corp (SPWR.O) have pooled some of their customers' systems into virtual power plants in California, Hawaii and New England. Sunrun last year, for example, operated a virtual power plant with thousands of homes in New England that provided 1.8 gigawatt-hours to the grid during June through August.

☆ Google to lay off 12,000 people — read the memo CEO Sundar Pichai sent to staff
▼ + stars: | 2023-01-20 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

LOS ANGELES, CALIFORNIA - JUNE 09: Google CEO Sundar Pichai speaks at a panel at the CEO Summit of the Americas hosted by the U.S. Chamber of Commerce on June 09, 2022 in Los Angeles, California. Sundar Pichai, Google's CEO, said in an email sent to the company's staff Friday that the firm will begin making layoffs in the U.S. immediately. The web search and video sharing giant will offer U.S.-based employees 16 weeks of severance pay plus two weeks for each additional year they've worked at Google, Pichai added. Read the full memo Pichai sent out to staff on Friday:Googlers,I have some difficult news to share. While this transition won't be easy, we're going to support employees as they look for their next opportunity.

☆ Apple reportedly considering touchscreen Mac laptop for 2025
▼ + stars: | 2023-01-11 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

(Photo by Justin Sullivan/Getty Images)Apple could release a MacBook Pro laptop with a touchscreen as soon as 2025, according to a report from Bloomberg. More recently, he was asked at a conference whether Apple would release a touchscreen laptop, and he said, "who's to say?" Apple's Mac business doesn't need a shot in the arm, though. Apple's Mac business generated $40.1 billion in revenue during the company's fiscal 2022, up 14% from 2021. A touchscreen Mac would require significant software changes to accept finger taps, which require larger buttons, instead of mouse clicks.

☆ Australia PM pledges aid on visit to flood-ravaged northwest
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +2 min

Jan 9 (Reuters) - Australian Prime Minister Anthony Albanese promised help to repair homes, replace property and rebuild infrastructure as he toured remote flood-ravaged communities across the northwest after "1-in-100-year" floods. Albanese announced on Monday A$10,000 ($6,900) for home repair and up to A$10,000 to replace household goods. "There's going to be massive infrastructure investment required," Albanese told radio station 6PR on Monday from Broome, roughly 2,000 kilometres northwest of state capital Perth. "I'm afraid I've now been to Tasmania, Victoria, New South Wales, South Australia and now WA (Western Australia) in the relatively short time that I've been Prime Minister... talking about a 1-in-100-year event over and over again," Albanese said. Military aircraft helped airlift supplies and evacuate residents in cut-off towns such as Fitzroy Crossing, home to roughly 1,000.

☆ Apple announces plans to encrypt iCloud backups
▼ + stars: | 2022-12-07 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

(Photo by Justin Sullivan/Getty Images)Apple announced on Wednesday that it plans to allow users to encrypt additional kinds of iCloud data on its servers, including full backups, photos and notes. Encrypted backups will be opt-in, according to Apple, and will be available in the U.S. before the end of the year. While Apple has previously encrypted a lot of data it stores on servers, entire device backups that included text messages, contacts, and other important data were not end-to-end encrypted, and Apple previously had access to the contents of the backups. It also means that user data content would not be exposed if Apple's servers were ever breached. At the time, Apple said that an unencrypted iCloud backup on its servers was an option to get the same data.

☆ Man who shot Lady Gaga's dog walker in pet theft sentenced to 21 years
▼ + stars: | 2022-12-06 | by ( Steve Gorman | ) www.reuters.com time to read: +2 min

LOS ANGELES, Dec 5 (Reuters) - The man who shot and wounded Lady Gaga's dog walker during the theft of two of the singer's French bulldogs in Hollywood last year pleaded no contest to attempted murder on Monday and was immediately sentenced to 21 years in prison. Several other charges Jackson faced were dismissed in the plea deal, according to the Los Angeles City News Service (CNS). Another co-defendant, Harold White, pleaded no contest on Monday to a weapons charge and will be sentenced next year, prosecutors said. Two others, Jaylin White and Lafayette Whaley, each previously pleaded no contest to second-degree robbery, receiving sentences of four years and six years in prison, respectively. Reporting by Steve Gorman in Los Angeles; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

☆ Biden to fete Macron with Maine lobster, California sparkling wine
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Evelyn HocksteinWASHINGTON, Nov 30 (Reuters) - From Maine lobster to California wines, President Joe Biden will showcase the flavors of America at a state dinner on Thursday for French President Emmanuel Macron. The menu will feature some American specialties, butter poached lobster from Maine, American Osetra caviar, and beef and potatoes followed by cheeses from Oregon, California and Wisconsin. All this will be washed down by wines from California - Newton "Unfiltered" Chardonnay and Anakota "Knights Valley" Cabernet Sauvignon, along with a California sparkling wine with French roots, Roederer Estate Brut Rose. Serving American-made wine to official French visitors is not original to Biden. Barack Obama served French President François Hollande a Chardonnay from a Virginia's Thibaut-Janisson Winery, founded by two French natives.

☆ California tries to harness megastorm floods to ease crippling droughts
▼ + stars: | 2022-11-15 | by ( Sharon Bernstein | ) www.reuters.com time to read: +5 min

[1/3] The dried out Arroyo Pasajero Creek is seen alongside an aqueduct in Huron, California, U.S. on October 25, 2022. Outside the United States, countries including India are also beginning to increase the use of recharge ponds to store water in natural or human-made aquifers. While the idea of storing water underground is not new, a recent California law regulating groundwater use has spurred a spate of projects that the state is helping to fund. The new pond, on about 20 acres of former farmland , will help to guide water underground to store it for residents as well as agriculture. Since then the state's population has nearly doubled to 40 million residents.

Republicans are favored to win a majority in the House of Representatives in Tuesday's elections, with the Senate rated a toss-up by nonpartisan election forecasters. A crackdown on users impersonating Musk prompted Twitter to suspend comedian Kathy Griffin. Musk also moved his personal residence from California to Texas, where there is no state income tax. In April, Musk said on Twitter he believes that for the platform "to deserve public trust, it must be politically neutral." Federal authorities are investigating Musk over his conduct in acquiring Twitter, the company said in a court filing last month.

☆ Tesla's California EV market share slips as rivals step up
▼ + stars: | 2022-11-03 | by ( Hyunjoo Jin | ) www.reuters.com time to read: +2 min

[1/2] Tesla vehicles are shown at a sales and service center in Vista, California, U.S., June 3, 2022. REUTERS/Mike BlakeSAN FRANCISCO, Nov 3 (Reuters) - Tesla's (TSLA.O) dominant market share of the electric vehicle market in California slipped again this year, according to Reuters' calculations based on government data from January to September, as rivals up their game. Tesla controlled 73% of the battery electric market in California from January to September, the lowest level since 2018, according to new vehicle registration data from the California Energy Commission. "We are reaching a saturation point for Tesla market share in California," said Ed Kim, president of AutoPacific. He expected rivals to continue to take away market share, while also expecting Tesla sales would still grow.

☆ Prințul Harry, mesaj emoționant după moartea prinţului Philip: „A fost un maestru al fripturilor la grătar și o legendă a persiflării”
▼ + stars: | 2021-04-12 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

"Va fi ţinut minte drept cel mai longeviv consort al unui monarh, ca un militar decorat, ca un prinţ şi ca un duce", a adăugat prinţul Harry, citat de Agerpres. "Dar pentru mine, la fel ca pentru oricine care a pierdut pe cineva drag sau un bunic de-a lungul acestui an dureros, el a fost bunicul meu: un maestru al fripturilor la grătar, o legendă a persiflării şi un neastâmpărat până la final", a mai spus el. "Deşi aş putea să continui multă vreme în acest stil, ştiu că dacă el ar mai fi aici, ne-ar spune, ţinând o bere în mână: 'Haideţi, terminaţi odată cu asta!'". "Ne va lipsi teribil de mult şi va fi ţinut minte pentru totdeauna de naţiunea noastră şi de lumea întreagă. Meghan, Archie şi eu (precum şi viitoarea lui strănepoată) vom avea mereu un loc special pentru el în inimile noastre", a adăugat prinţul Harry, scrie digi24.

Persons: de, Elisabeta a II, prinţul Harry, Archie Organizations: Agerpres Locations: de Sussex, California

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