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CNN —Every year, the textile industry uses 1.3 trillion gallons of water to dye garments – enough to fill 2 million Olympic-sized swimming pools. Textile wastewater contains toxic chemicals from dyes that pollute the enviornment -- like wastewater released from factories into Dravyavati River, in India (pictured). Noemi Cassanelli/AFP/Getty ImagesThey targeted “anionic dyes,” because there are not many effective methods to remove these types of dye from water. He also hopes to devise solutions for cleaning more than just textile dyes from water. Nashef says that using membrane-based nanomaterials in pre-treatment could cut the energy needed to clean the water.
New York CNN —Several Anheuser-Busch facilities received threats last week, a company spokesperson confirmed, following weeks of backlash against Bud Light because it sponsored two Instagram posts from a transgender woman. Mulvaney’s timeline shows one previous post that is also marked as a Bud Light partnership. Siegfried Anthony/STAR MAX/IPx 2023/APMulvaney is among many social media personalities that Bud Light partners with, Anheuser-Busch said in a statement to CNN last week. “F**k Bud Light, F**k Anheuser-Busch,” he said. Anheuser-Busch (BUD) is set to report its first-quarter financial results, including revenue, on May 4.
But the focus of analysts were the price cuts and how far the company will go to juice demand. That said, this is balanced by concerns of increased EV competition, further price cuts, and macro challenges. Evercore ISI, In Line rating, $165 price target: "Gross margin red line of "20%" breached (Q2 will be lower)." Bernstein, Underperform rating, $150 price target: "Importantly, despite significant price cuts, demand still appears challenged for Tesla and price elasticity appears to be more muted than Tesla believed. Citigroup, Neutral rating, $175 price target (Down from $192): "The Q1 margin miss confirms that price cuts weren't offset to the extent previously expected.
The Tesla CEO warns higher interest rates, layoff fears, and tighter bank lending may hit demand. In response to historic inflation, the Federal Reserve has hiked interest rates from nearly zero to about 5% over the past 13 months. Higher rates make borrowing more expensive and encourage saving over spending, which can slow the pace of price increases. "Every time the Fed raises the interest rates, that's equivalent to increasing the price of a car," Musk said. "If interest rates are really high, like they are right now, in some cases, people can't get a loan at all."
Balance transfer credit cards offer an introductory 0% annual percentage rate (APR) on existing balances that you transfer over from other credit cards. So if you need to get your credit card debt under control, check out our list of the best balance transfer credit cards to decide which one best fits your needs. The best balance transfer credit cards of 2023Citi® Diamond Preferred® Card: Best overall for balance transfersU.S. Bank Visa® Platinum Card: Best for long balance transfersCiti® Double Cash Card: Best for flat-rate cash backChase Freedom Flex℠: Best for rotating bonus categoriesCiti Rewards+® Card: Best for small purchasesWhy did we select these cards as our best balance transfer credit cards for April 2023? CNN Underscored’s comprehensive credit card methodology compares every aspect of each balance transfer credit card to our “benchmark credit card” to determine which cards can potentially bring you maximum value. Frequently asked questions about balance transfer credit cardsNot everyone is familiar with how and when to use a balance transfer credit card, so we’ve assembled some of the more common questions and answers about the process.
Stocks dip, yields rise on rate hike expectations
  + stars: | 2023-04-19 | by ( Chuck Mikolajczak | ) www.reuters.com   time to read: +4 min
The two-year gilt yield was down 0.2 basis points at 3.820% after hitting 3.877%, its highest since March 7. The yield on 10-year Treasury notes was up 3.6 basis points to 3.608% after reaching 3.639%, its highest since March 22. The two-year U.S. Treasury yield, which typically moves in step with interest rate expectations, was up 7 basis points at 4.269%. The dollar also firmed on Fed hike expectations, showing signs of stabilizing after five straight weeks of declines. The dollar strength, in turn, helped curb crude prices, along with concerns that the Fed rate hikes could dent growth and drag demand.
Expectations for more hikes from central banks pushed yields higher after Britain reported a slight decline in inflation in March, but remained the only country in western Europe in double-digits. The two-year U.S. Treasury yield, which typically moves in step with interest rate expectations, was up 6.6 basis points at 4.265%. The pan-European STOXX 600 index (.STOXX) lost 0.11% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) shed 0.34%. The dollar also firmed on Fed hike expectations, showing signs of stabilizing after five straight weeks of declines. The dollar strength, in turn, helped curb crude prices, along with concerns the Fed rate hikes could dent growth and drag demand.
Reuters GraphicsGoldman peer Bank of America (BAC.N) veered between gains and losses in choppy trading after its earnings beat estimates, and was last up 0.63%. "Earnings season so far has actually been better than expected by far on both earnings and revenues," said Randy Frederick, managing director, trading and derivatives at Charles Schwab in Austin, Texas. The pan-European STOXX 600 index (.STOXX) rose 0.38% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) gained 0.24%. The yield on 10-year Treasury notes was down 1.3 basis points to 3.578% while the two-year U.S. Treasury yield, which typically moves in step with rate expectations, was up 2.8 basis points at 4.216%. U.S. crude settled up 0.04% at $80.86 per barrel and Brent was at $84.77, up 0.01% on the day.
Credit Suisse lodges $440 mln London claim against SoftBank
  + stars: | 2023-04-19 | by ( ) www.reuters.com   time to read: +2 min
[1/2] A view shows the logo of Credit Suisse on a building near the Hallenstadion where Credit Suisse Annual General Meeting took place, two weeks after being bought by rival UBS in a government-brokered rescue, in Zurich, Switzerland, April 4, 2023. REUTERS/Pierre AlbouyLONDON, April 19 (Reuters) - Credit Suisse (CSGN.S) has lodged a $440 million claim against Japan's SoftBank Group Corp (9984.T) in London as it presses ahead with formal proceedings in a dispute borne from the failure of Greensill Capital, a finance firm. A SoftBank spokesperson accused Credit Suisse of trying to shift blame for its own poor investment decisions and said the case was entirely without merit. "Credit Suisse continues to prioritize maximising recovery for investors in the supply chain finance funds," a spokesperson for the Swiss lender said. Credit Suisse is the biggest name to date to become ensnared in market turbulence unleashed by the collapse of U.S. lenders Silicon Valley Bank and Signature Bank.
That's what many tax filers have been considering this tax season, which ends today, April 18, for most filers. As of April 7, the average 2022 tax refund is $2,878, slightly lower than 2021's $3,175, according to the Internal Revenue Service. Of course, an IRS refund is merely a zero-interest reimbursement for overpayment on taxes throughout the year. To get you started, here are six smart things to do with your tax refund other than spend it right away. "If your tax refund can make a dent to lower the balance or possibly pay off your credit card, do it," says Nycole Freer, a certified financial planner in California.
Why they abandoned a successful settlement is a mystery that historians never have been able to fully explain. The idea that sea levels would have been rising as temperatures fell is a little counterintuitive, according to the researchers. However, Earth’s oceans aren’t like a bathtub, and the study noted that changes in sea level don’t affect all areas equally. The Greenland Ice Sheet readvanced during Viking occupation of the eastern settlement and peaked in the Little Ice Age. That advance caused sea level rise near the ice margins because of the sinking of Earth’s crust, according to the study.
These kind of megadeals are at the vanguard of billions of dollars of annual spending on classic cars globally in a wave of investment in this alternative asset. "The track record of the past 30 years tells us classic cars have become a financial asset class we want our clients to have in their portfolios." [1/5] A general view of the classic car collection of Florian Zimmermann, owner of over 300 classic cars, in a warehouse in Lindau, Germany, April 5, 2023. "Electrification will favour classic cars," said Cristiano Bolzoni, head of Maserati's vintage car unit Maserati Classiche. "The classic car community has changed tremendously over the past five to 10 years," Zimmermann said.
There are six potential bull market surprises that could drive stocks higher, according to Bank of America. The bank highlighted the deflationary impact of ChatGPT and a potential end to the Russia-Ukraine war. "Bearish sentiment + $5 trillion of cash [is] still the 'best friends forever' for risk assets, especially stocks," Hartnett said. These are the six bullish surprises that could fuel more upside in the stock market this year, according to BofA. If any of the surprises play out, it could help the economy avoid a recession or see a soft landing rather than a hard landing, according to Hartnett, ultimately boosting the stock market higher.
Russia's elite Spetsnaz commando units have suffered enormous casualties in Ukraine. Leaked US documents show that some units have suffered 95% casualties. Russia may take decades to rebuild the units, according to US estimates. The Department of Defense documents attribute the heavy losses to the reliance of Russian military commanders on the elite units for front-line combat. The Spetsnaz units are usually deployed in covert missons, such as operations behind enemy lines and for guiding missile strikes on sensitive targets.
State legislatures across the country are enacting draconian abortion bans that are producing predictably tragic outcomes. It has become blindingly obvious what happens when Republicans legislate what Americans do with their sex organs. For years even before the fall of Roe, conservatives have used hard-edge anti-trans messaging in both red and swing state races, only to come up short. issues as a wedge in races in swing states from the Midwest to the Sunbelt to New England. The data suggest that opposition to trans rights cannot overcome — or possibly even make a dent in — the advantage that comes to Democrats in swing states for supporting abortion rights.
Russia’s oil exports are back to pre-war levels
  + stars: | 2023-04-14 | by ( Anna Cooban | ) edition.cnn.com   time to read: +3 min
London CNN —Russia’s oil exports have bounced back to levels last seen before it invaded Ukraine, despite a barrage of Western sanctions. Moscow’s exports of crude oil and oil products rose in March to their highest level since April 2020, jumping by 600,000 barrels a day, the International Energy Agency (IEA) said in its monthly oil report Friday. The rise lifted Russia’s estimated revenue from oil exports to $12.7 billion last month. Western countries have imposed a raft of sanctions on Moscow’s energy exports since President Vladimir Putin ordered his troops into Ukraine in February last year. Meanwhile, demand is expected to climb by 2 million barrels per day to hit a record of almost 102 million barrels per day this year.
Leonard Abrams, the founder of the East Village Eye, a community newspaper dripping with attitude that captured in newsprint the do-it-yourself post-punk ethos that ignited the explosion of groundbreaking art, music and fashion in downtown Manhattan in the 1980s, died on April 1 in New Jersey. The cause was a heart attack at a rest stop on the New Jersey Turnpike on his way home from a business trip, said Arthur Fournier, a close friend and longtime colleague. The Eye, a monthly publication that Mr. Abrams published and edited from 1979 to 1987, scarcely made a dent above 14th Street in Manhattan — to many the traditional dividing line of “downtown.” But to those who lived a short stroll from Tompkins Square Park, it functioned as a house organ for the graffiti artists, New Wave (and No Wave) bands and maverick fashion designers who came together in the 1980s to create one of New York’s storied cultural flowerings. “There were performances, there was art, there was rock ‘n’ roll, and people were just showing up and meeting each other,” Mr. Abrams recalled in a 2005 interview with the website Gothamist. “These people who would work together, party together, have sex or maybe be at each other’s throats were all just getting together and forming the East Village scene.”
Jackie Carbo thought her dream job in tech wasn't reachable, and she had more than $80,000 in student debt. But the rise of remote work made it possible for her to make a higher-paying career shift. The geographic flexibility is among the reasons researchers cite when explaining a correlation they have found between remote work and happier employees. She even decided to start a blog to document her travels and share tips about how to balance working remotely with traveling. Has remote work helped change your life?
"Each bank is going to apply those credit standards differently," a source told Insider. Requiring higher minimum credit scores and minimum repayments and curbing credit limits were among tweaks banks were making. Lending to consumers dropped and credit standards and terms "continued to tighten sharply," with marked rises in loan pricing. A "dramatic worsening of firm and consumer access to bank credit," is how a 2014 paper on the Federal Reserve's website describes a credit crunch. Tighter lending standards may have a big impact on floating-rate loans versus fixed loans, CFRA equity analyst Alexander Yokum told Insider.
Oil falls as weak U.S. economic data stokes recession fears
  + stars: | 2023-04-06 | by ( ) www.cnbc.com   time to read: +2 min
Oil fell on Thursday as weak U.S. economic data raised concerns over a potential global recession and demand reduction, but benchmark prices were headed for a weekly advance after OPEC+ announced further output cuts and U.S. oil stocks dropped. "Crude oil's rally paused as it battled the headwinds created by the weak economic data. The slew of soft economic data soured market sentiment, stoking fears of a recession and prompting investors to adopt risk aversion strategies. U.S. crude inventories fell 3.7 million barrels last week, about 1.5 million barrels more than forecast, government data showed. Gasoline and distillate stocks also fell more than expected, drawing down by 4.1 million barrels and 3.6 million barrels, respectively.
If new rules can improve game speed, surely bosses can make meetings run more efficiently. If Major League Baseball can speed up games, surely bosses can make meetings more efficient, right? Try, for instance, forcing yourself to cut meetings by half: Your weekly meeting becomes an every-other-week meeting; your hourlong meetings become 30-minutes ones. Ask for adviceJust as MLB needs to consider the fan experience of being at the ballpark or watching a game on TV, bosses need to think about their workers' experiences in meetings, Rogelberg said. "Instead of putting people in hours of meetings without ever asking them about what they're accomplishing, you need to engage," he said.
Old Navy says it has doubled the number of dresses with pockets in its new collection. One expert said Old Navy also needs to focus on styles and freshness to win over shoppers. Old Navy, which accounts for more than half of Gap Inc's total sales, has seen sales fall in recent years. "However, adding pockets is not a solution for all of Old Navy's woes – which run much deeper than the absence of pockets. Old Navy did not immediately respond to Insider's request for comment asking how many dresses it currently sells that contain pockets.
Oil prices are on a tear to start the new quarter, and if history is any guide, some stocks are better positioned to benefit from rising prices. The recent surge comes after oil prices tumbled last month to their lowest since December 2021 as Silicon Valley Bank's collapse rattled traders and spurred fears that a banking crisis could dent global economic growth. With oil prices at highs, CNBC Pro screened for the S & P 500 that consistently win during these times. Here are the names that made the list: Given their close correlation to oil prices, it's no surprise that energy stocks topped the list. While energy stocks, on average, benefit most when oil prices rise, other sectors also prosper.
The Finance Ministry says the central bank has jurisdiction to regulate payment systems, but sources said the central bank resisted early proposals to shake up the market and sought to keep its hands off the segment. The bank's staff believes the voucher market presents no systemic risk. The standoff has added to already high tensions between the Finance Ministry and central bank, the sources said on condition of anonymity. The central bank declined to comment on its reported resistance to regulating the market. The ministry told Reuters such regulation "goes beyond its competencies," and should be handled by the Finance Ministry and the central bank.
Iron ore prices could fall as much as 28% by the end of 2023 as China's steel demand and output are set to fall, experts forecast. Morgan Stanley analysts say iron ore prices will fall and cited subdued production from the world's leading steel producer China, as well as the country's turn toward steel scrap. Commonwealth Bank of Australia also predicted a drop in iron ore prices, expecting it to be $100 per ton by the fourth quarter this year "as China's steel demand eases in the second half of the year," the bank's analysts said last week. Analysts say there's still upside potential for iron ore prices in the coming months, as China reopens and eases Covid-19 restriction. But they do not expect the strength of China's steel production or demand to last beyond the second half of this year.
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