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☆ TikTok debate reveals the risks for investing in China during U.S. election year
▼ + stars: | 2024-03-17 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

The debate over whether Chinese-owned TikTok can operate in the U.S. is back with fervor, revealing more about the risk for Chinese stocks in a U.S. presidential election year. Such considerations motivated Goldman Sachs analysts to update their model for measuring the level of risk from U.S.-China tensions in Chinese stocks. Their barometer, created in 2020, "has correlated well with the U.S.-China events timeline, and China equity performance," the analysts said. Goldman's revised U.S.-China tensions barometer stands at a modest 53 out of 100, indicating a "somewhat benign" outlook for the bilateral relationship. But as the TikTok bill now makes its way to the Senate, many analysts expect its momentum to slow.

Persons: Goldman Sachs, Goldman's, It's, Raymond James, That's, Steven Mnuchin, CNBC's, Mnuchin, Donald Trump, Joe Biden, Trump, Biden, Goldman, — CNBC's Michael Bloom Organizations: U.S ., Goldman, U.S, Chinese Communist Party, IMEIK Technology, Postal Savings Bank Locations: U.S, China, Beijing

☆ Lance Armstrong says that he experience PTSD and had intensive therapy – ‘all alone, one-on-one, 10 hours a day’
▼ + stars: | 2024-03-16 | by ( George Ramsay | ) edition.cnn.com time to read: +4 min

CNN —Lance Armstrong experienced post-traumatic stress disorder (PTSD) and used an intensive therapy approach in the years after he admitted taking performance-enhancing drugs, the former professional cyclist told “The Great Unlearn” podcast. “I went from hero to zero overnight,” the 52-year-old said on an episode of “The Great Unlearn” podcast released on Tuesday. “There was a mile-long list of lawsuits,” Armstrong told “The Great Unlearn” podcast. On “The Great Unlearn,” Armstrong said that he engaged in “couch therapy” in the years after his Oprah interview before deciding that he needed “something different and deeper” to cope with his PTSD. In an interview with CNN in 2014, Armstrong explained that he wasn’t considering therapy, saying: “My therapy is riding my bike, playing golf and having a beer.

Persons: Lance Armstrong, “, Armstrong, Oprah Winfrey, ”, Oprah, ” Armstrong, it’s, It’s Organizations: CNN, de France, Doping Agency, US Postal Service, American Psychological Association, Tour de France Locations: Texas, Tennessee

☆ Refund fraud schemes promoted on TikTok, Telegram are costing Amazon and other retailers billions of dollars
▼ + stars: | 2024-03-14 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +14 min

The following month, 10 men were indicted in Oklahoma, charged with conspiracy to commit wire fraud for allegedly operating a refund fraud service named Artemis Refund Group. A thriving refund fraud marketFor every refund fraud service shut down by law enforcement, swarms of similar groups remain open for business. CNBC viewed several active refund fraud services on encrypted messaging app Telegram, each with thousands of followers. Zoom In Icon Arrows pointing outwards A Google form from an active refund fraud service explaining which stores it targets and how much it charges customers. Zoom In Icon Arrows pointing outwards A refund fraud service claims to have access to Amazon insiders in a Telegram post.

Persons: Stephanie Keith, Noah Page, Page, he'd, Ralph, —, Rick Owens, Sajed Al, Ralph Lauren, Uber, Maarej, Chris Black, Amazon, Al, they'd, Rekk, Cyril Noel, Tagoe, Noel, Louis Vuitton, scammers, Reddit, Brittany Allen, Allen, Remi Vaughn, Vaughn, she's, David Johnston, Johnston Organizations: Bloomberg, Getty, CNBC, National Retail Federation, Appriss, Amazon, Page, Riverside Press, Medianews, PayPal, Retailers, Artemis, Walmart, Apple, Nike, eBay, Saks Fifth, DoorDash, Google, MacBook, Mail, UPS, U.S . Postal Service, Al, Rekk, Gucci Locations: New York, Chattanooga , Tennessee, Reddit, TikTok, Eastvale, Michigan, Oklahoma, Chattanooga

☆ Putin is coasting towards another term in power. Here’s what to know about Russia’s presidential election
▼ + stars: | 2024-03-14 | by ( Rob Picheta | ) edition.cnn.com time to read: +11 min

CNN —Russia is holding a presidential election that is all but certain to extend Vladimir Putin’s rule throughout this decade and into the 2030s. But this is not a normal election; the poll is essentially a constitutional box-ticking exercise that carries no prospect of removing Putin from power. But that is not to say Russians expect the election to change the direction of the country. Russia’s elections are neither free nor fair, and serve essentially as a formality to extend Putin’s term in power, according to independent bodies and observers both in and outside the country. In order to vote against Putin, you just need to vote for any other candidate,” he said on February 8.

Persons: Vladimir Putin’s, Putin, Alexey Navalny, Natalia Kolesnikova, Joseph Stalin, Putin’s, Dmitry Medvedev, euphemistically, —, Abbas Gallyamov, Gallyamov, ”, Callum Fraser, Nikolay Kharitonov, Leonid Slutsky, Vladislav Davankov, Davankov, Vladimir Zhirinovsky, Boris Nadezhdin, Yekaterina Duntsova, Duntsova, Leonid Volkov, Volkov, Stringer, Alexey Navalny –, –, Yulia Navalnaya, “, “ Putin, Don’t, Navalnaya Organizations: CNN, Russian, Duma, Getty, Levada, Central, Commission, Royal United Services Institute, Communist Party, Slutsky, Liberal Democratic Party of Russia, Kremlin, CEC, Freedom, Putin, European Union, Foreign Affairs Locations: Russia, Ukraine, AFP, Soviet, Lithuanian, Vilnius, Chechen, Grozny, Moscow, Russian

☆ The rarest US stamp is going up for auction. It’s expected to sell for millions
▼ + stars: | 2024-03-13 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +5 min

This summer, philatelists will have a chance to snag the rarest US stamp ever: the 1868 one-cent “Z-grill.”Interested? On June 14, the one-cent Z-grill will be put up for sale by Robert A. Siegel Auction Galleries, marking the first time the rare stamp has been on auction since 1998. Of the two known copies of the one-cent Z-grill, one is held by the New York Public Library. That leaves only one one-cent Z-grill available to private collectors. “There’s multiple stamps that’ll bring $500,000 or $750,000, but the (one-cent) Z-grill is the star of the show,” Shreve said.

Persons: Robert A, Bill Gross, “ It’s, ”, Charles Shreve, Gross, “, Benjamin Franklin, Scott Trepel, ” Trepel, Trepel, Jerry Buss, Shreve, ‘, ’ ” Shreve, Don Sundman, ” Shreve Organizations: CNN, British, New York Public Library, US Post, Los Angeles Lakers, Pacific Investment Management Company, US Postal Service Locations: New York, British Guiana

☆ In post-Covid China, the masks are off, but Xi’s tight control is here to stay
▼ + stars: | 2024-03-07 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +8 min

2 official, who is charged with running its economy – and one more move for Xi to cement his control over the official narrative. China's Premier Li Qiang speaks during a press conference after the closing session of the National People's Congress in Beijing on March 13, 2023. He used his first and likely last press conference last year to highlight the prominence of the Communist Party over the state government. The axing of the premier’s press conference came alongside a shortening of the “two sessions” overall – first imposed during the pandemic to prevent the spread of Covid. Traffic slowed due to checkpoints on surrounding streets, with security officials even stopping and checking IDs of some cyclists riding on a major throughfare along the square.

Persons: Xi Jinping, Xi, ”, Liu Dongshu, Jinping, Li Qiang, Greg Baker, Premier Li Keqiang, Xi protégé Li Qiang, Li, “, ” Li, Liu, ” Changhao Wei, Paul Tsai, presser, Tatan Organizations: Beijing CNN, of, National People’s Congress, City University of Hong, National People's Congress, Premier, Communist Party, Paul Tsai China Center of Yale Law School, National People's, AP, Communist Locations: Beijing, Communist, China, City University of Hong Kong, AFP, Hong Kong, Tiananmen

☆ Sam Kerr: Australian soccer star pleads not guilty to ‘racially aggravated offense’ in London
▼ + stars: | 2024-03-04 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +2 min

CNN —Sam Kerr, Chelsea FC star and Australia women’s captain, pleaded not guilty to a “racially aggravated offense” of a police officer, British authorities said Monday. The 30-year-old striker was charged following an incident involving an officer on January 30 last year in Twickenham, a suburb of southwest London. Kerr was charged “via postal charge requisition on 21 January with a racially aggravated offense under Section 4A Public Order Act 1986,” the Met Police added. CNN has reached out to Chelsea FC, who declined to comment. Last year, she led the Australia women’s team in making national history by becoming the first team – men’s or women’s – to reach a soccer World Cup semifinal.

Persons: Sam Kerr, Kerr, ”, – Organizations: CNN, Chelsea FC, Australia women’s, Metropolitan Police, Met Police, Thames, Crown Prosecution Service, Wimbledon, Court, Football Australia, “, ” Football Australia, Chelsea, League, Super League, AFC, Uzbekistan Locations: Twickenham, London, Kingston, United Kingdom, Perth

☆ Russia’s presidential election is nearing. We already know who the winner will be
▼ + stars: | 2024-02-25 | by ( Rob Picheta | ) edition.cnn.com time to read: +10 min

CNN —Russia is nearing a presidential election that is all but certain to extend Vladimir Putin’s rule throughout this decade and into the 2030s. The president’s dominance over the Russian electoral system has already been reinforced as the election looms. Voting will be held from Friday March 15 until Sunday March 17, the first Russian presidential election to take place over three days. The region makes up more than a third of Russia’s total territory but has only about 5% of its population. In order to vote against Putin, you just need to vote for any other candidate,” Navalny said on February 8.

Persons: Vladimir Putin’s, Putin, Alexey Navalny, Maxim Shemetov, Joseph Stalin, Putin’s, Dmitry Medvedev, ” Callum Fraser, Nikolay Kharitonov, Leonid Slutsky, Vladislav Davankov, Davankov, Vladimir Zhirinovsky, Boris Nadezhdin, Yekaterina Duntsova, Duntsova, Leonid Volkov, Volkov, Vladimir Nikolayev, euphemistically, Abbas Gallyamov, Gallyamov, Alexey Navalny –, –, ”, ” Navalny, Yulia Navalnaya, “, “ Putin, Don’t Organizations: CNN, Russian, Duma, Federal, Reuters, Kommersant, CEC, Royal United Services Institute, Communist Party, Slutsky, Liberal Democratic Party of Russia, Kremlin, Freedom, Putin, Levada, EU, Foreign Affairs Council, European Union Locations: Russia, Ukraine, Russia’s, Soviet, AFP

We have everything you need right here on where to watch the Inter Miami vs. Real Salt Lake live stream tonight from anywhere in the world. How to watch Inter Miami vs. Real Salt Lake live stream in the USThere are multiple options for subscribing to the MLS season pass on the Apple TV+ platform. If you already have Apple TV+, the MLS Season Pass costs $12.99 monthly or $79 for the whole season. How to watch Messi and Inter Miami vs. Real Salt Lake live stream from anywherePrices are generally similar around the world. This tool lets you trick Apple TV Plus or other live TV streaming services into thinking you're signing up from within a supported country.

Persons: Lionel Messi, Messi, We've, ExpressVPN Organizations: Business, MLS, Inter Miami, League, Apple, Plus, Apple TV Locations: Salt, Turkey, Jamaica, Iceland, Albania, Romania, Russia, Nigeria, Kenya, South Africa, Singapore, China

☆ The racial wage gap starts as early as 16 for Black workers—and results in ‘a lifetime of consequences,’ says expert
▼ + stars: | 2024-02-15 | by ( Gili Malinsky | ) www.cnbc.com time to read: +3 min

The racial wage gap may be shrinking, but it's still got a ways to go. The median weekly earnings for full-time wage and salaried Black or African American 16-to-24-year-olds was $614. Though a smaller gap than the national one, that still works out to be about 82 cents to white workers' dollar. Children born in higher income and higher wealth families will have greater access to opportunities. Andre Perry Senior fellow at BrookingsThe resulting family wealth can hinder access to higher paying jobs as well.

Persons: it's, haven't, Andre Perry, Andre Perry Senior, Perry, Valerie Wilson Organizations: Nationwide, Department of Labor, Bureau of Labor Statistics, Brookings, Pew Research Center, BLS, Economic Policy Institute Locations: Brookings

☆ Can Public Shelters Help Domestic Violence Victims? - The New York Times
▼ + stars: | 2024-02-12 | by ( Rachel Louise Snyder | ) www.nytimes.com time to read: +2 min

I once visited a domestic violence shelter in New England. It had three bedrooms and a shared kitchen and bath, beige walls and furniture and a single kitchen table that required eating in shifts. In exchange, traumatized families were given temporary housing with other traumatized families behind walls and gates, often with shared bathrooms, kitchens, living rooms. As a result, this guiding philosophy of secrecy as safety is drawing scrutiny from advocates, policymakers and survivors. Calls for what are termed open or public shelters appear to be on the rise.

Persons: aren’t Organizations: D.C Locations: New England, Cape, . Montana , Colorado , Michigan, California, North Carolina, Washington

☆ What Was The Village Voice?
▼ + stars: | 2024-02-12 | by ( Dwight Garner | ) www.nytimes.com time to read: +2 min

THE FREAKS CAME OUT TO WRITE: The Definitive History of The Village Voice, the Radical Paper That Changed American Culture, by Tricia RomanoTricia Romano’s oral history of The Village Voice, the most important alternative weekly of the 20th century, is a well-made disco ball of a book — it’s big, discursive, ardent, intellectual and flecked with gossip. A lot of the people Romano interviewed, former Voice writers, editors, photographers, designers and cartoonists, will probably wince, at times, at the text. Humiliations are recalled; toes are trod upon; old hostilities have been kept warm, as if on little Sterno cans of pique. Founded in 1955 by a group of writers and editors that included Norman Mailer, The Voice was intended to be a newspaper for downtown, defined as below 14th Street in Manhattan. For many oddballs and lefties and malcontents out in America’s hinterlands (I was among them), finding their first copy of The Voice was more than eye-opening.

Persons: Tricia Romano Tricia Romano’s, Romano, Humiliations, Norman Mailer, ” Organizations: The, U.S . Postal Service, New York Post Locations: Manhattan, New York

BERLIN (AP) — Germany's state-owned development bank has sold shares in the company that owns the national postal service for about 2.17 billion euros ($2.3 billion), reducing the government's stake and raising money to help finance improvements to the country's rail network. The sale cuts the state's stake in DHL to 16.5%, though it is still the largest single shareholder. The proceeds are to be used to strengthen the capital of Germany's main railway operator, the state-owned Deutsche Bahn, to help it upgrade railway infrastructure, the Finance Ministry said Wednesday. The government is turning to privatization proceeds to help finance improvements to the rail network after a court ruling forced it to plug a big hole in this year's budget and reconsider its wider financial plans. The maneuver ran afoul of Germany’s strict self-imposed limits on running up debt.

Organizations: BERLIN, —, Deutsche, DHL Group, DHL, Deutsche Bahn, Finance Ministry Locations: — Germany's, Germany's

It’s very much hand in hand,” said DeJoy, who acknowledged being impatient with the pace of change, including the rollout of electric vehicles. Those efficiency-driven changes will help the environment by reducing carbon emissions by eliminating wasteful activities, in addition to electric vehicles and other efforts. Last month, the Postal Service unveiled new EVs and charging stations at a new distribution center in Georgia, one of many updated sorting and delivery centers that are opening. The Postal Service plans to take delivery of 66,000 electric vehicles over five years. But not everyone is thrilled by the focus on electric vehicles.

Persons: General Louis DeJoy, Biden, ”, DeJoy, Jennifer Beiro, Craig Stevens, Sharp Organizations: U.S . Postal Service, Postal Service, Congress, Workers, Oshkosh Locations: Georgia, Ford, Oshkosh, Midwest, Portland , Maine

☆ Like Her Parents, Michele Norris Is a Person of Letters
▼ + stars: | 2024-02-01 | by ( Elisabeth Egan | More About Elisabeth Egan | ) www.nytimes.com time to read: +2 min

They read, simply, “Race. : “My beautiful Black boys deserve HOPE!” Eventually Norris created a website, The Race Card Project, where correspondents could share their stories. “The post office was full of people of color who were strivers like my parents,” Norris said. “They had stuff that didn’t get where it was supposed to go, and the post office would sell it if no one claimed it,” Norris said. “My parents would give us a small amount of money, which seemed like a lot of money to me.

Persons: Michele Norris, “, ”, ” Norris, Barbara Cooney’s, Norris, — Norris Locations: Starbucks, Bowie, Md, Minneapolis, Ames , Iowa

☆ Mail 3 Days a Week? Idea Meets Resistance in Britain
▼ + stars: | 2024-01-25 | by ( Jenny Gross | More About Jenny Gross | ) www.nytimes.com time to read: +1 min

Britain’s postal service should consider cutting deliveries to five days a week, or even three, from six, the country’s regulator said on Wednesday, drawing resistance from lawmakers and businesses. The Royal Mail, like the U.S. Postal Service, has been increasingly plagued by service issues and financial pressures. Reducing delivery to just three days a week would save the Royal Mail up to 650 million pounds ($830 million) a year, the report found. Prime Minister Rishi Sunak, whose Conservatives hold a majority, said on Wednesday that he remained “absolutely committed” to ensuring that the Royal Mail delivered six days a week.

Persons: “, Rishi Sunak Organizations: Royal, U.S . Postal Service, Ofcom, Royal Mail Locations: U.S, Sweden, Norway, Denmark, Belgium

☆ Royal Mail is on the brink. Cutting letter deliveries to 3 days a week could save it
▼ + stars: | 2024-01-24 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN —Royal Mail could ditch its near-daily deliveries of letters as the centuries-old British institution attempts to modernize its service and plug a growing hole in its finances. Ofcom, the UK regulator overseeing the postal service, published proposals to rescue the beleaguered company Wednesday. It said Royal Mail could save as much as £650 million ($828 million) a year if it cut letter deliveries to three days a week from the current six. The number of letters sent via the Royal Mail network had halved since 2011, and financial losses have ballooned. Among its other proposals, Ofcom suggested that Royal Mail could save up to £200 million ($255 million) a year by cutting its letter deliveries down to five days a week, or by extending the time it takes to get mail to customers.

Persons: “ Something’s, ” Melanie Dawes, Kevin Hollinrake, Martin Seidenberg Organizations: London CNN — Royal, Ofcom, Royal Mail, BBC, United, Services, CNN, Royal, International Distribution Services Locations: ”

☆ Judge Blocks Republican-Backed North Carolina Provision on Same-Day Voter Registration
▼ + stars: | 2024-01-22 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +2 min

The legislation was among new Republican-backed restrictions across the country following the 2020 presidential election, when then-President Donald Trump falsely attributed his loss to fraud. North Carolina is expected to be a closely contested state in this year's presidential contest. Under the new law, a voter who uses same-day registration is sent a postcard to confirm their address. Young voters and minority voters, both groups that tend to vote Democratic, take advantage of same-day registration more frequently. Between 100,000 and 120,000 residents use same-day registration in presidential years, according to the state elections board.

Persons: Joseph Ax, Roy Cooper's, Donald Trump, Trump, Joe Biden, District Judge Thomas Schroeder, Tim Moore, Jonathan Oatis Organizations: Democratic Party, Republican, Democratic, Young, District, State Board Locations: Carolina, North Carolina

Over 100,000 people have used such “same-day registration” in North Carolina during each of the last two presidential election years, so slight adjustments in the closely divided state could make a difference in this November's elections for president, governor and other statewide positions. Early in-person voting — and thus same-day registration — for the March 5 primaries begins Feb. 15. Giving people only one chance to verify by mail would be a “substantial burden on same-day registrants who cast a ballot,” Schroeder said. Schroeder acknowledged there are legitimate interests in using address verification to promote preserving the integrity of the election process and instilling voter confidence. But he wrote the plaintiffs have shown the “precise interests asserted in this case likely do not outweigh the substantial burden on the rights of same-day registrants who cast a ballot.”In 2020, about 2,150 same-day registration applicants in North Carolina failed the address verification.

Persons: District Judge Thomas Schroeder, Roy Cooper's, Schroeder, George W, Bush, ” Schroeder, Tim Moore, Grey Mills, “, mailer, ” Organizations: —, North, District, Republican, Assembly, Democratic Gov, Democratic, . Postal Service, Grey, State Board, Democratic National Committee, Democratic Party Locations: RALEIGH, N.C, North Carolina, U.S

☆ Putin Says Past U.S. Elections Were Rigged
▼ + stars: | 2024-01-16 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +1 min

(Reuters) - Russian President Vladimir Putin, running for a new six-year term in an election that his opponents say is a parody of democracy, said on Tuesday that past U.S. elections had been rigged by postal voting. "In the United States, previous elections were falsified through postal voting ... they bought ballots for $10, filled them out, and threw them into mailboxes without any supervision from observers, and that's it," Putin said, without providing evidence. Putin's opponents say the March election in Russia is no real contest as the president wields unchallenged power and his main rival, Alexei Navalny, is serving more than 30 years in jail on charges that Navalny says were trumped up. They say the use of electronic voting creates scope for authorities to manipulate the vote in Putin's favour without detection. (Writing by Maxim Rodionov; Editing by Mark Trevelyan and Kevin Liffey)

Persons: Vladimir Putin, Putin, Alexei Navalny, Navalny, Maxim Rodionov, Mark Trevelyan, Kevin Liffey Organizations: Reuters Locations: United States, Russia

☆ Fujitsu admits it should compensate postal workers whose lives were ruined by its faulty software
▼ + stars: | 2024-01-16 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN —Japanese technology company Fujitsu has a “moral obligation” to compensate the victims of Britain’s Post Office scandal, the boss of its European arm said Tuesday. “We did have bugs and errors in the system and we did help the Post Office in their prosecutions of the sub-postmasters,” Peter Patterson, Fujitsu’s director for Europe, said Tuesday. “I think there is a moral obligation for the company to contribute,” Patterson told UK lawmakers during a public hearing. Nick Read, CEO of the Post Office, who also addressed lawmakers Tuesday, said he was “committed” to abandoning Horizon. The corporation still uses the IT system, but in a newer iteration than the one involved in the scandal.

Persons: —, “, ” Peter Patterson, ” Patterson, Patterson, ”, Rishi Sunak, Nick Read, ” Read Organizations: London CNN, Fujitsu, Britain’s Post, Office, Post, CNN, Post Office, British Locations: Britain’s, Europe, ”

Read said the Post Office has drastically changed over the past few years and has earmarked around a billion pounds ($1.3 billion) for compensation. He also confirmed it would not pursue any further prosecutions and that it is actively looking to replace the much-altered Horizon system in its branches. The Post Office maintained that Horizon was reliable and accused branch managers of dishonesty. The number of victims is not fully known, and it emerged Tuesday that hundreds more may have been financially affected by the faulty computer system. A group of postal workers took legal action against the Post Office in 2016.

Persons: Paul Patterson, “, ”, Patterson, Nick Read, Read, Rishi Sunak, Mr, Bates, Alan Bates, Toby Jones, “ It’s, Jo Hamilton, Neil Hudgell Organizations: Fujitsu, Fujitsu Ltd, Post, Post Office, Parliament's Business, Trade, Court, ITV Locations: Europe, Japan, London

☆ What’s open and closed on MLK Day 2024
▼ + stars: | 2024-01-14 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

However, the first national celebration of MLK Day didn’t take place until 1986 after years of advocacy. Here’s what’s open and closed on Martin Luther King, Jr. Day 2024. Bing Guan/Bloomberg/Getty ImagesMajor US retailers and grocers — such as Target, Walmart and Kroger — will be open on MLK Day. MLK Day is one of six free entrance days in 2024. FedEx will be open, though FedEx Express and FedEx Ground Economy will be operating on modified service.

Persons: Martin Luther King, Jr, John Conyers, King, Here’s, Bing Guan Organizations: New, New York CNN, MLK, Retail, Costco, Bloomberg, Getty, Major, Target, Walmart, Kroger, Sam’s, US National Parks, United States Postal Service, UPS, FedEx, FedEx Express, Nasdaq, New York Stock Exchange Locations: New York, New Hampshire

☆ Rare postage 'gem' featuring the world's first adhesive stamp to be auctioned for up to $2.5 million in New York
▼ + stars: | 2024-01-14 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +3 min

The oldest piece of mail to use a pre-paid Penny Black stamp is set to be auctioned in New York. The British Penny Black was the first-ever adhesive postage stamp. The letter cover has a sale estimate of $1.5 million to $2.5 million, per Sotheby's. AdvertisementThe oldest surviving piece of mail to use a pre-paid postage stamp is set to be auctioned at Sotheby's in New York. The document, known as "The Genesis of Philately," is one of the earliest known examples of the Penny Black stamp.

Persons: Penny, British Penny Black, —, William H, Penny Black, William Mulready, Allen Kane, Sotheby's, William Blenkinsop Jr, Blenkinsop, Blenkinsop —, Richard Austin Organizations: Service, British Penny, Gross, Smithsonian National Postal Museum, CNN Locations: New York, British, Irish, Northumberland, England, London, Dalston , Carlisle

☆ UK postal scandal: How a software glitch and a centuries-old British company ruined peoples lives
▼ + stars: | 2024-01-13 | by ( Anna Cooban | ) edition.cnn.com time to read: +10 min

The government — which owns the Post Office — has described the scandal as one of the greatest miscarriages of justice in British history. The software regularly showed that money — often many thousands of pounds — had gone missing from Post Office accounts. The Post Office has so far paid more than £138 million ($176 million) in compensation, a company spokesperson told CNN. “The Horizon system was a piece of machinery and software that wasn’t working correctly,” she said. “If the Post Office can do this to you, then God knows what any other brand is capable of,” she said.

Persons: —, Jo Hamilton, Hamilton, ”, Mr Bates, ’, Alan Bates, Rishi Sunak, ‘, Jonathan Wells, Wendy Buffrey’s Horizon, “, I’d, Buffrey, “ I’ve, Neil Hudgell, Martin Griffith, they’ve, Leon Neal, James Hartley, Siema Kamran, Kamran Ashraf, Ashraf, Kamran, ” Siema Kamran Organizations: London CNN, UK Post, Fujitsu, CNN, Post, ITV, Horizon, of Justice, Office, Cheltenham, Metropolitan Police, Getty, Post Office Locations: Britain, England, Hamilton, British, London, Buffrey, Bracknell , England, Freeths, Cheltenham

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