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U.S. Commerce Secretary Gina Raimondo's trip to China last month had promised some economic and trade detente between the two superpowers now at loggerheads. And none of the 222 funds polled expected China economic growth to be any higher next year than this - mirroring a recent Reuters survey of domestic and overseas banks and investors. As these sorts of surveys go, there's an awful lot in there that could spell "peak gloom". Indeed, shorting China equities was deemed the second "most crowded trade" behind long exposure to supercharged Big Tech stocks. Even if the economy turns, political catalysts for a return to China may be slow in coming.

Persons: Aly, Gina Raimondo's, it's, Jamie Dimon, Jay Clayton, Jenny Johnson, Franklin Templeton, Willem Sels, Mike Dolan, Sharon Singleton Organizations: REUTERS, . Commerce, Bank of, Big Tech, Reuters, Reuters Graphics Reuters, JPMorgan, Investments, The Ontario Teachers, Caisse, Franklin, HSBC Private Banking, Thomson Locations: Shanghai, Shenzhen, China, loggerheads, Wall, Asia, Silicon Valley, Hong Kong, Temasek, Bridgewater, Blackrock, India, Indonesia, Washington, United States

☆ Young startups are feeling the pinch as seed funding succumbs to the VC winter
▼ + stars: | 2023-09-13 | by ( Melia Russell | ) www.businessinsider.com time to read: +6 min

There were 441 seed rounds recorded on Carta in the second quarter of this year, the slowest quarter for deal activity since early 2019. Funding for early-stage startups leveled off in the second quarter of this year. That has to do in part with a greater number of seed startups trying to raise extension rounds, multiple investors said. Carta data shows the median seed valuation hit $13.7 million in the second quarter, which is significantly higher than any quarter prior to 2021. "The founders that are raising seed rounds are raising them for decent cash and at decent valuations — healthy on both fronts," said Peter Walker at Carta.

Persons: That's, Jenny Fielding, Fielding, Carta, Andreessen Horowitz, they're, Marlon Nichols, Lily Lyman, —, it's, Brian Sugar, Sugar, Peter Walker Organizations: Carta, Ventures, New, Sequoia, Greylock Partners, MaC Venture Capital, Fund, Sugar Capital Locations: New York, Boston, Carta

☆ ‘Unhappy Hour’: U.K. Pub Chains Adopt Surge Pricing for Pints
▼ + stars: | 2023-09-13 | by ( Jenny Gross | More About Jenny Gross | ) www.nytimes.com time to read: +1 min

A pint of beer may cost more during peak hours at some pubs owned by Britain’s largest pub company, which has in recent weeks adopted surge pricing. About 800 of the 4,000 pubs owned by the company, Stonegate Group, are either using “dynamic pricing,” in which prices rise at times of increased demand, or may use it in the future to help cope with higher costs for staffing and licensing requirements, Maureen Heffernan, a spokeswoman for Stonegate, said on Tuesday. Stonegate owns the popular pub chains Slug & Lettuce and Craft Union. Ms. Heffernan said that the timing of surge pricing, in which a pint of beer would cost about 20 pence (25 cents) more, would vary by pub, but that generally prices would be higher on weekends and evenings. In July, the average price for a pint of draft lager was 4.31 pounds (about $5.37), up from £4 a year earlier, according to Britain’s Office for National Statistics.

Persons: Maureen Heffernan, Stonegate, Ms, Heffernan Organizations: Britain’s, Stonegate, Craft Union, National Statistics

NEW YORK (AP) — The National Book Award longlist for young people's literature features a range of grownup topics, from the deadly famine in Ukraine in the 1930s to the 1963 March on Washington to the underpinnings of the Internet. The list of 10 was announced Wednesday by the National Book Foundation, which also released 10 nominees in literature in translation, with original languages including Korean, Arabic and French. The lists, along with those for fiction, nonfiction and poetry to be announced later this week, will be narrowed next month to five in each category. The winners will be revealed during a Manhattan ceremony Nov. 15. Drew Barrymore had been scheduled to host but was dropped this week by the foundation after she resumed taping her talk show in the midst of the Hollywood writers' strike.

Persons: Drew Barrymore, Katherine Marsh's “, Dan Nott's, Yohuru Williams, Michael G, Long's, Huda, Dan Santat's, ” Kenneth M, Cadow's, ” Alyson Derrick's, Betty C, Tang's, Juan Cárdenas, Lizzie Davis, Bora Chung, ”, Anton Hur, David Diop, Sam Taylor, Jenny Erpenbeck, “, Michael Hofmann, Stênio Gardel, Bruna Dantas Lobato, Khaled Khalifa, Leri Price, Fernanda Melchor, Sophie Hughes, Pilar Quintana's, Lisa Dillman, Astrid Roemer's “, Lucy Scott, Mohamed Mbougar Sarr's, Lara Vergnaud Organizations: National Book Foundation, Hollywood, Jobs, “ Locations: Ukraine, Washington, Manhattan, Ukrainian, Provinces, “, Miami

Jenny StrasburgJenny Strasburg is a reporter in London, where she writes for The Wall Street Journal about oil and gas, climate, the transition to lower-carbon energy and the people, money and politics setting the global energy agenda, in conflict with it, or left behind because of it. Jenny previously covered global investment banks in the U.S. and Europe, as well as hedge funds, trading and markets, with a focus on in-depth investigations, before pivoting to Covid-19 vaccines and geopolitical responses to the pandemic. Jenny has shared collaborative-reporting honors including the George Polk Award, Gerald Loeb Award, New York Press Club Award, National Headliner Award and Sabew Best in Business Award. She completed the Knight-Bagehot Fellowship in economics and business journalism at Columbia University before writing about private investment funds at Bloomberg News. She joined the Journal in 2008 in New York, before moving to the U.K. in 2013.

Persons: Jenny Strasburg Jenny Strasburg, Jenny, George Polk, Gerald Loeb Organizations: Wall Street, New York Press, Columbia University, Bloomberg News Locations: London, U.S, Europe, New Mexico, West Texas, Corpus Christi, San Francisco and New York, New York

☆ BP CEO Bernard Looney Resigns Over Past Relationships With Colleagues
▼ + stars: | 2023-09-12 | by ( Jenny Strasburg | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/energy-oil/bp-ceo-bernard-looney-resigns-e3fb4dc1

Persons: Dow Jones, bernard, looney

☆ BP CEO Bernard Looney Resigns
▼ + stars: | 2023-09-12 | by ( Jenny Strasburg | ) www.wsj.com time to read: 1 min

Persons: Dow Jones, bernard, looney

Jenny Johnson, President and CEO of Franklin Resources, Inc., speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 4, 2022. REUTERS/Mike Blake/File Photo Acquire Licensing RightsSINGAPORE, Sept 11 (Reuters) - The idea that investment opportunities in China have met their demise is probably overhyped, said Jenny Johnson, president and chief executive officer at global investment management firm Franklin Templeton. "There is a lot of pessimism built into the pricing," she said at a session at the Forbes Global CEO Conference in Singapore. Johnson's comments came as global investors have reduced their appetite for China, discouraged by the country's faltering economic recovery and tensions with the West. Meanwhile, Johnson also sees opportunities in secondary private equities and private credit globally.

Persons: Jenny Johnson, Mike Blake, Franklin Templeton, Johnson, Franklin, Legg Mason, Johnson's, Gina Raimondo, Yantoultra Ngui, Gerry Doyle Organizations: Franklin Resources, Inc, Milken, Global Conference, REUTERS, Rights, Forbes Global, Conference, West, . Commerce, Thomson Locations: Beverly Hills , California, U.S, Rights SINGAPORE, China, Singapore, West .

☆ Using poker to train for business success will be a 'market disruptor': Peak6 Founder Jenny Just
▼ + stars: | 2023-09-11 | 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 EmailUsing poker to train for business success will be a 'market disruptor': Peak6 Founder Jenny JustJenny Just, Peak6 Investments Co-Founder, joins 'Closing Bell Overtime' to talk the fintech space, business applications for poker and more.

Persons: Jenny Just Jenny Just Organizations: Peak6 Investments

With debris and fallen rock blocking roads to Moroccan villages hit hardest by an earthquake, many residents began burying their dead and foraging for scarce supplies on Sunday as they waited for government aid. That wait may be lengthy. The most powerful quake to hit the region in a century spared neither city apartment dwellers nor those living in the mud-brick homes of the High Atlas Mountains, but many in the remote and rugged areas of Morocco have been left almost entirely to fend for themselves. Survivors, faced with widespread electricity and telephone blackouts, said they were running low on food and water. Some bodies were being buried before they could be washed as Muslim rituals require.

Locations: Morocco

☆ 11 Things You Forgot About the 2023 N.F.L. Season
▼ + stars: | 2023-09-10 | by ( Jenny Vrentas | More About Jenny Vrentas | ) www.nytimes.com time to read: +1 min

off-season has gotten shorter since the regular season was extended to 17 games, and it certainly feels shorter, too, given that once-mundane calendar entries, such as the start of off-season workouts, are now treated like red-carpet events. Yet the down time between last season and this one is still long enough that impactful free-agent signings, un-retirements and rules changes made months ago have receded to the background. happenings to keep in mind as the regular season begins in earnest on Sunday. Eight months after Hamlin, a Buffalo Bills safety, went into cardiac arrest during a “Monday Night Football” game, he made the team’s 53-man roster and will backup starters Micah Hyde and Jordan Poyer. Buffalo’s Week 1 game is a return to “Monday Night Football,” against the Jets in East Rutherford, N.J.

Persons: Damar Hamlin, Hamlin, Micah Hyde, Jordan Poyer, “, ” Hamlin, he’s Organizations: Buffalo Bills, Bengals, Jets Locations: Cincinnati, Buffalo, East Rutherford, N.J

☆ The economic cost of obesity is expected to soar to $4 trillion by 2035. Weight loss drugs like Ozempic could change that, Goldman Sachs says.
▼ + stars: | 2023-09-08 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

But a new class of weight-loss drugs could change all of that, and represents a big opportunity for investors. But a new class of GLP-1 weight-loss drugs has the potential to change that, and it represents a big opportunity for investors. Popular drugs include Ozempic and Wegovy from Novo Nordisk, and Mounjaro from Eli Lilly. AdvertisementAdvertisementA recent study from Novo Nordisk showed that its Wegovy drug reduced the chance of heart attacks, strokes, and cardiovascular deaths by 20%. Novo Nordisk became the biggest European company, as measured by market value, earlier this week, so investors are starting to catch on.

Persons: Goldman Sachs, Jenny Chang, Eli Lilly, Chang, Eli Lilly's Organizations: Service, Novo Nordisk Locations: Wall, Silicon, Novo

☆ Carrie Mae Weems and George C. Wolfe on Defiance and Claiming Space
▼ + stars: | 2023-09-08 | by ( Jenny Comita | ) www.nytimes.com time to read: +3 min

George C. Wolfe can pinpoint the exact moment that sparked his career as a director and dramatist. “We were supposed to sing this song,” recalls Wolfe, 68. “Here was this monumental human being who changed history, and then history forgot him,” says Wolfe, himself a gay man, who has lived in New York City since 1979. Though contemporaries in adjacent disciplines, Wolfe and Weems had never had a real conversation before meeting on a steamy July day in a downtown Manhattan studio. Here, the two discuss their childhoods, art as activism and what they feel is still left to accomplish.

Persons: George C, Wolfe, “, ”, Tony Kushner’s, —, ’, he’s, Henrietta, Ma, “ Rustin, Barack, Michelle Obama’s, Bayard Rustin, Martin Luther King Jr, Rustin, Carrie Mae Weems, Julie Mehretu, Lyle Ashton Harris, Weems Organizations: Broadway, Public Theater, York Shakespeare, Netflix, Manhattan’s Guggenheim Museum, Tate Locations: Kentucky, America, York, Washington, New York City, Portland, Brooklyn, Syracuse, N.Y, London, Pergamon, Berlin —, Manhattan

They used a visual technique called stereoscopic photography to see the cave art like never before. The technique made the art look 3D, which helped the archeologists make their new discovery. That's why a team of researchers recently used a technique called stereoscopic photography to observe the cave art in a unique new way. Advertisement Advertisement Watch:Stereoscopic photography is a technique that uses two separate images to give the illusion of 3D. Tracings or sketches might miss nuances in the rocks that 3D images can bring to life.

Persons: Raquel Asiain, Asiain, Pedro Saura Organizations: Service, Photoshop Locations: Wall, Silicon, Pasiega, Spain

☆ Taylor Momsen recalls 'alienating' experiences as child actor
▼ + stars: | 2023-09-07 | by ( Jack Guy | ) edition.cnn.com time to read: +2 min

CNN —“Gossip Girl” star Taylor Momsen has opened up about how “alienating” she found being a child actor. Although a festive hit, Momsen told the hosts on Wednesday’s episode of the “Podcrushed” podcast that the movie affected her. “The Grinch changed my life in a multitude of ways, one of them being I was made fun of relentlessly,” she said. “Every time I would start a new school or go somewhere else, I don’t even think the kids knew my name, I was just Grinch girl,” said Momsen, 30. I can just play in my band and I can tour and write songs?’” said Momsen.

Persons: CNN —, Taylor Momsen, ”, Momsen, Cindy Lou Who, Ron Howard, Jim Carrey, “, ” Momsen, Ron Batzdorff, Jenny Humphrey, wasn’t, ’ ”, I’m Organizations: CNN, Penn

☆ YIMBY Movement Is Winning: Build More Houses, Lower Home Prices, Rents
▼ + stars: | 2023-09-07 | by ( Eliza Relman | Kelsey Neubauer | ) www.businessinsider.com time to read: +15 min

The adherents of the "Yes In My Backyard," or YIMBY, movement believe that America's housing crisis comes down to the fundamental tension between supply and demand. Today, nearly 75% of residentially-zoned land in the US is restricted to single-family housing — detached homes designed for one family. Folks are like, 'Oh, we're in a housing crisis for the very first time. Ground zero for the modern YIMBY movement was California, where sky-high home prices forced people to reconsider their attitudes toward development. The city didn't allow new multiunit buildings to be taller or wider than the single-family homes they replaced, making construction less financially attractive to developers.

Persons: Nolan Gray, YIMBYism, Sonja Trauss, Trauss, YIMBYs, NIMBYs, Gray, I'm, —, Bill, They've, Tayfun Coskun, Muhammad Alameldin, Emily Hamilton, We're unwinding, Jenny Schuetz, Greg Gianforte, California YIMBY, Republican Sen, Todd Young, Democratic Sen, Brian Schatz, Eliza Relman, Kelsey Neubauer Organizations: San, San Francisco Bay Area, Urban Institute, Twitter, of Regional Planning, Public, Cato Institute, University of California, Berkeley Terner Center, Housing, George Mason University, Conservative, Brookings Institute, Republican, Todd Young of Indiana, Democratic, Hawaii Locations: California, San Francisco Bay, San Francisco, I'm, Los Angeles County, Florida, Utah, Minneapolis, Oregon, Austin, Dallas, Seattle, Portland , Oregon, Denver, New York, Texas, YIMBYism, We're, Bozeman, Montana, Miami

☆ A device on NASA's Perseverance rover generated enough oxygen on Mars for a small dog to breathe for 10 hours. Astronauts could be next.
▼ + stars: | 2023-09-07 | by ( Grace Eliza Goodwin | Jenny Mcgrath | ) www.businessinsider.com time to read: +4 min

A device on NASA's Perseverance Rover converted Mars' thin air into oxygen. That's where the microwave-sized device called the Mars Oxygen In Situ Resource Utilization Experiment, aka MOXIE, comes in. AdvertisementAdvertisementMOXIE hitched a ride to Mars on NASA's Perseverance Rover in 2021 and has been hard at work ever since. A photo of NASA's Perseverance rover just feet above the Martian surface — part of a video several cameras recorded of the landing on February 18, 2021. Technicians at NASA's Jet Propulsion Laboratory lower the Mars Oxygen In-Situ Resource Utilization Experiment (MOXIE) instrument into the belly of the Perseverance rover.

Persons: we've, Trudy Kortes, MOXIE, Michael Hecht, Space.com, Pam Melroy Organizations: Rover, Service, NASA, JPL, Caltech, Space Technology, Jet Propulsion Locations: Wall, Silicon, Mars

☆ Ocean explorers found a golden orb on the Alaskan seafloor, and they have no idea what it is
▼ + stars: | 2023-09-07 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +4 min

Marine researchers found a mysterious golden orb deep on the Alaskan seafloor. It's not entirely surprising, then, that deep-sea explorers just found something entirely new during an Alaskan expedition. But this particular object, what looks like the remains of some type of golden orb or egg, surprised scientists. The orb could be an egg case or sponge, but Candio isn't ruling out "something more strange." AdvertisementAdvertisementResearchers need to perform tests to discover more about the mysterious golden orb.

Persons: Willy Wonka's, Sam Candio, Candio, Candio isn't, — Organizations: Service, National Oceanic, Administration, Exploration Locations: Wall, Silicon, Alaska, Gulf of Alaska

☆ Burmese pythons are being spotted farther and farther north in Florida and could reach other states, experts warn. 'It really does feel like an alien invasion,' one scientist said.
▼ + stars: | 2023-09-07 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +10 min

How Burmese pythons got from Asia to FloridaThe first definitive recording of a Burmese python in the Florida Everglades was in 1979. "Then I just developed this mantra over the years of don't underestimate the Burmese python," he said. Pythons have invaded the Florida Everglades and proven a formidable invasive species that may never be fully eradicated. While state-regulated programs have removed over 13,700 snakes from the Florida Everglades, they're usually the ones found near roads and canal levees. The biggest question researchers need to answer is how many Burmese pythons are actually in Florida at the moment.

Persons: Donnie Darko, Donnie, Ian Bartoszek, Bartoszek, Melissa Miller, Miller, doesn't, would've, he's, Joe Raedle, They've Organizations: Service, Conservancy, States Geological Survey, University of Florida, The Conservancy Locations: Florida, Wall, Silicon, Southwest Florida, States, Asia, Thailand, Myanmar, Vietnam, The, Okeechobee, Pacific, Oregon, Washington, Idaho, Canada, sawgrass

☆ British Bees Face a Deadly Invasion
▼ + stars: | 2023-09-06 | by ( Jenny Gross | More About Jenny Gross | ) www.nytimes.com time to read: +1 min

A sharp increase in the number of an invasive species of hornets in Britain is raising concerns that they could threaten native bee populations. There have been 22 sightings of the so-called Asian hornet, or Vespa velutina, this year, more than in the past six years combined, according to British officials. Smaller than Britain’s native hornet, most Asian hornets are about an inch long and have brown thoraxes, yellow legs and black heads with orange faces. Since arriving in France, the population of Asian hornets has grown rapidly. As of last year, the hornets have been seen in European countries including Germany, Spain, Portugal and Italy, according to the National Bee Unit, a British agency.

Organizations: Secretariat, hornets, National Bee Unit Locations: Britain, Asia, Pacific Northwest, United States, France, China, British, Germany, Spain, Portugal, Italy

☆ The Fed isn't the stock market's biggest variable any more, says Virtus' Joe Terranova
▼ + stars: | 2023-09-05 | 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 EmailThe Fed isn't the stock market's biggest variable any more, says Virtus' Joe TerranovaCNBC’s Halftime traders; Josh Brown, Joe Terranova and Jenny Harrington discuss being stuck in a range bound market, the Fed and rates impact on stocks.

Persons: Virtus, Joe Terranova CNBC’s, Josh Brown, Joe Terranova, Jenny Harrington

☆ CNBC’s ‘Halftime’ traders discuss their stock market playbooks for September and the rest of 2023
▼ + stars: | 2023-09-05 | 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 EmailCNBC’s ‘Halftime’ traders discuss their stock market playbooks for September and the rest of 2023CNBC’s Halftime traders; Josh Brown, Joe Terranova and Jenny Harrington discuss being stuck in a range-bound market, the Fed and rates impact on stocks.

Persons: Josh Brown, Joe Terranova, Jenny Harrington

☆ Inside the struggles at Calibrate, a new kind of weight-loss startup that's facing a mountain of patient complaints and refunds
▼ + stars: | 2023-09-05 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +19 min

Weight-loss startup Calibrate has struggled to get patients access to buzzy drugs like Ozempic. Kenyon's startup Calibrate, which she launched in June 2020, is one of the healthcare companies feeding the frenzy. CalibrateThe company is now running up against several massive challenges: Weight-loss drugs are expensive and in short supply, and health insurers are increasingly reluctant to pay for them. Kenyon said about 20% of Calibrate members do not have coverage for weight-loss medications, and around half of those people request refunds from Calibrate. Want to tell us about your experience with Calibrate or weight-loss drugs?

Persons: lightbulb, Isabelle Kenyon, Kenyon, Jenny Craig, OptumRx, She's, she's, Saxenda, —, weren't, It's, they've, Holly, hadn't, hasn't, Claire Rosenzweig, Rosenzweig, it's, Andrew Kelly, Shelby Livingston, Rebecca Torrence Organizations: New, Tiger Global, Founders Fund, Optum Ventures, FedEx, Food and Drug Administration, Jefferies, Better Business Bureau, BBB, Better Business, Metropolitan New, Better, Apple, Businessolver, Optum, UnitedHealth, Employees, REUTERS, Madryn Asset Management, SM Ventures, Ventures Locations: America, New York, Danish, GLP, Florida, Metropolitan New York, slivingston@insider.com, rtorrence@insider.com

☆ Energy bulls should be in domestic and smaller mid-cap stocks, says Ritholtz's Josh Brown
▼ + stars: | 2023-09-05 | 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 EmailEnergy bulls should be in domestic and smaller mid-cap stocks, says Ritholtz's Josh BrownCNBC’s Halftime traders; Josh Brown, Joe Terranova and Jenny Harrington discuss the energy sector breakout and how investors should be positioning.

Persons: Ritholtz's Josh Brown, Josh Brown, Joe Terranova, Jenny Harrington

☆ What happens to sharks, dolphins, alligators, and other marine life during a hurricane? Experts explain why the storm's aftermath is often more deadly
▼ + stars: | 2023-09-04 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +7 min

Hurricanes affect marine life differently, depending on whether they can move or are stationary. After a hurricane, increased levels of freshwater, bacteria, and debris can also harm marine life. A vast array of marine life lives along the Florida peninsula, the US state where hurricanes make landfall most often. What happens to marine life during a hurricane? For example, alligators on Sanibel Island, which Hurricane Ian hit hard, were affected by the saltier ocean water the storm brought on land.

Persons: Melissa May, Rita, Andrew, Valerie Paul, Hurricane Ian, Ian, Paul, Chris Lechowicz, Rivers, Marco Bello Organizations: Service, Florida Gulf Coast University ., National Oceanic, Atmospheric Administration, NOAA, Reuters Hurricanes, Geological Survey, Hurricanes, Smithsonian Marine, Healing, Reuters, NASA Locations: Wall, Silicon, Florida, Gulf of Mexico, Caribbean, Louisiana, Brevard, Estero Bay

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