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☆ Russia captured Bakhmut, but it cost thousands of troops and has likely exhausted its remaining soldiers
▼ + stars: | 2023-05-24 | by ( Chris Panella | Ryan Pickrell | ) www.businessinsider.com time to read: +6 min

Russia has essentially captured the city of Bakhmut, but it paid a heavy price, exhausting its forces. The win in Bakhmut, which remains contested, is its first battlefield victory in almost a year. The win is likely Pyrrhic, and analysts say there's little Russia can do but wait for Ukraine's next move. Libkos/APUkrainian and Russian troops have been engaged in intense combat over Bakhmut for nearly a year now, and both sides have seen countless soldiers killed and wounded. ISW noted around the time of Russia's claimed victory over Bakhmut that "Russian forces will likely need additional reinforcements to hold Bakhmut City and its flanks at the expense of operations in other directions."

☆ Why job searches suck right now
▼ + stars: | 2023-05-22 | by ( Adrienne Matei | ) www.businessinsider.com time to read: +13 min

Finding a job right now isn't only tough, it's deeply weird. Individually, ghost-job postings can erode both trust in the job market and the morale of job seekers who are applying to hundreds of positions and never hearing back. On a macro level, ghost-job postings contribute to a skewed sense of how many opportunities are really out there for US job seekers right now. Job platforms — including LinkedIn, ZipRecruiter, Indeed, and Monster — also use language-processing AI tools to filter applicants. Suddenly, knowing how to work with AI tools and resources is an important edge for job seekers to have.

☆ Your Job Search Sucks Right Now Due to AI Hiring, Ghost Job Listings
▼ + stars: | 2023-05-22 | by ( Adrienne Matei | ) www.businessinsider.com time to read: +13 min

Finding a job right now isn't only tough, it's deeply weird. On a macro level, ghost-job postings contribute to a skewed sense of how many opportunities are really out there for US job seekers right now. Job platforms — including LinkedIn, ZipRecruiter, Indeed, and Monster — also use language-processing AI tools to filter applicants. And now, generative AI tools like ChatGPT are contributing to job loss. Suddenly, knowing how to work with AI tools and resources is an important edge for job seekers to have.

☆ MLB roundup: Rafael Devers homers twice as Red Sox top Padres
▼ + stars: | 2023-05-20 | by ( ) www.reuters.com time to read: +12 min

Rizzo hit a two-run homer on a 2-2 pitch to right off Ian Gibaut for a 3-0 lead in the sixth. Christopher Morel hit a two-run homer and scored three times and Nick Madrigal had two hits, two RBIs and scored twice for the Cubs, who ended a five-game losing streak. Phillies starter Ranger Suarez (0-1) allowed four runs and five hits in two innings, striking out four and walking three. Adam Frazier added a two-run homer and Anthony Santander had a solo shot for the Orioles to open a three-game series. Gabriel Arias delivered a two-run homer in the top of the 10th before the Mets scored three times in the bottom of the inning.

☆ Explainer: How important is Wagner's claimed capture of Bakhmut?
▼ + stars: | 2023-05-20 | by ( Andrew Osborn | ) www.reuters.com time to read: +6 min

[1/4] A general view shows a building damaged by a Russian military strike, amid their attack on Ukraine, in the front line city of Bakhmut, in Donetsk region, Ukraine February 27, 2023. REUTERS/Alex... Read moreLONDON, May 20 (Reuters) - Russian mercenary chief Yevgeny Prigozhin said on Saturday that his Wagner fighters had completed the capture of the Ukrainian city of Bakhmut after months of intense fighting, a claim denied by Ukraine. Zelenskiy portrayed "Fortress Bakhmut" as a symbol of defiance which he said was bleeding the Russian military dry. If confirmed, Bakhmut would be Russia's first major capture since July last year and a morale-boosting battlefield win after a string of defeats. The city's capture would be a boost for Russia's most high-profile mercenaries - Wagner - and their publicity-hungry founder Prigozhin.

☆ China's economy is growing again. So why are investors dumping stocks?
▼ + stars: | 2023-05-19 | by ( Laura He | ) edition.cnn.com time to read: +7 min

Investors trimmed their exposure to China amid economic uncertainty in the country, rising geopolitical tensions and Beijing’s crackdown on international consulting firms. The Nasdaq Golden Dragon China Index has lost more than 5% since April 18. Another concern for global investors is the country’s “fundamental investability,” he said, referring to geopolitical and Chinese policy risks. Ontario Teachers’ Pension Plan, one of the world’s largest pension funds, has closed its Hong Kong-based China equity investment team. “The more cracks appear in Western economies,” the more global investors will need to put money into Chinese assets, he added.

☆ Ukraine's Western partners are short on weapons and can't churn them out fast enough to fuel a counterpunch for long, defense experts say
▼ + stars: | 2023-05-18 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

Ukraine's Western partners are short on weapons and can't make them fast enough to meet Kyiv's needs. Experts told The Washington Post that NATO countries have been too slow to manufacture munitions. Countries are facing dwindling stockpiles and can't manufacture weapons fast enough to support Kyiv's ambitions to launch a counteroffensive against Russian forces, according to the Washington Post. Defense experts told the Washington Post that many of Ukraine's NATO partners — especially European nations — haven't mobilized their defense industries to meet battlefield needs for artillery, tanks, air defense systems, and ammunition. Germany offered the fast and lethal Leopard tanks to Ukraine in January, followed by US Abrams tanks that have a record of shattering Soviet-era armor.

☆ Where Can You Find a No-Fee Rental?
▼ + stars: | 2023-05-18 | by ( Michael Kolomatsky | ) www.nytimes.com time to read: +1 min

Fortunately, no-fee apartments still exist, and some neighborhoods have a higher share than others. This week’s chart, based on StreetEasy data as of April 2023, shows the New York neighborhoods with the highest and lowest shares of no-fee apartments. A 50 or 60 percent share of no-fee rentals may seem high to those who have done some looking. That could be because most of the city’s no-fee rentals are in expensive new buildings and go for over $3,000 a month. To reveal where the highest share of units listed both above and below $3,000 were, the study ranked neighborhoods by no-fee listings in each price range individually.

Democrats were not as positive about a quick time frame, but the White House called the meetings "productive and direct." Republicans have refused to vote to lift the debt ceiling past its $31.3 trillion limit unless Biden and his Democrats agree to spending cuts in the federal budget. Going forward, the talks will be narrowed for more engagement between House Republicans and the White House, McCarthy said. White House adviser Steve Ricchetti and budget director Shalanda Young will lead discussions for the administration. "We can raise the debt ceiling if we limit what we're going to spend in the future," McCarthy told reporters.

Biden sat down in the Oval Office with House of Representatives Speaker McCarthy, Senate Majority Leader Chuck Schumer, House Democratic leader Hakeem Jeffries and Senate Republican leader Mitch McConnell. "We're just getting started," Biden told reporters just after 3 p.m. EDT (2000 GMT), before ushering them out the door so the meeting could begin. Biden is trying to reach a debt ceiling deal by June 1 to lift the threat of economic calamity. The White House announced Biden may be forced to skip a stop in Australia during an Asia trip due to the debt limit drama. "We can raise the debt ceiling if we limit what we're going to spend in the future," McCarthy told reporters.

☆ Tighter work requirements for welfare programs on table in debt ceiling talks - sources
▼ + stars: | 2023-05-16 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +2 min

The federal SNAP program helped 41.2 million Americans pay for food and groceries in 2022, costing taxpayers $119.4 billion, according to government data. The TANF program helps fewer than a 1 million families and costs about $16.5 billion a year, federal data shows. "The President has also been clear that he will not accept policies that push Americans into poverty. He will evaluate whatever proposals Republicans bring to the table based on those principles," White House spokesman Michael Kikukawa said in an email on Tuesday. Reporting by Jarrett Renshaw; Editing by Heather Timmons and Doina Chiacu;Our Standards: The Thomson Reuters Trust Principles.

WASHINGTON, May 16 (Reuters) - Democratic President Joe Biden and top congressional Republican Kevin McCarthy are expected to discuss new work requirements for benefits programs for low-income Americans during Tuesday's debt ceiling negotiations, sources familiar with the talks said. Expanding the work requirements has been a key demand of Republicans, who are also pushing for spending cuts in exchange for their votes to raise the debt limit. "We can raise the debt ceiling if we limit what we're going to spend in the future," McCarthy told reporters. The current deadlock has rattled investors, sending the cost of insuring exposure to U.S. government debt to record highs. 2 Senate Republican John Thune told reporters the talks appear to have "too many cooks."

The moves add to a trio of Barclays U.S. investment bankers that UBS announced it hired last month. Many Credit Suisse bankers are based in the United States. Sources told Reuters last month that UBS plans to retain only a small number of Credit Suisse senior bankers with strong client relationships. At Barclays, Braham was global chair of investment banking for technology, while Hardegree served as vice chair and head of technology M&A. Williams, Meyer and Tittle were managing directors in the investment banking group.

☆ China sentences 78-year-old US citizen to life in prison for espionage
▼ + stars: | 2023-05-15 | by ( Nectar Gan | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —A 78-year-old American citizen has been sentenced to life in prison by a Chinese court on spying charges. Leung was detained on April 15, 2021 by state security authorities in Suzhou, Jiangsu province, according to the brief statement, which did not provide details on his charges. Chinese authorities and state media have not previously disclosed any information on Leung’s detention or the court process that led to his conviction. In China, cases involving state security are usually handled behind closed doors. In another high-profile case, two Canadians – former diplomat Michael Kovrig and businessman Michael Spavor – were detained by China for nearly three years.

☆ Webb telescope spots water in rare comet
▼ + stars: | 2023-05-15 | by ( Ashley Strickland | ) edition.cnn.com time to read: +5 min

CNN —Astronomers used the James Webb Space Telescope to observe a rare comet in our solar system, making a long-awaited scientific breakthrough and stumbling across another mystery at the same time. For the first time, water was detected in a main belt comet, or a comet located in the main asteroid belt between the orbits of Mars and Jupiter. The space observatory detected water vapor around Comet Read, which suggests that water ice can be preserved in a warmer part of the solar system. It’s possible that the warmer temperatures of the main asteroid belt cause Comet Read to lose its carbon dioxide over time, the researchers said. Comet Read might have also formed in a warmer pocket of the solar system without carbon dioxide, Kelley said.

☆ Banks tighten credit terms, see loan demand drop, Fed survey shows
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +4 min

For small firms, conditions were slightly more stringent with a net 46.7% of banks saying credit terms were stiffer now vs 43.8% in the last survey. Banks reported that firms of all sizes were showing less demand for credit than three months earlier. But policymakers don't want the credit tightening to go so far as to cause a recession. One closely watched survey response, for example, is the net share of banks tightening commercial loan standards for large and middle-sized firms. The survey, with tightening standards a leading indicator of eventually falling loan volumes, has "historically helped determine whether a Fed tightening cycle leads to a hard or soft landing."

☆ 'We're going to see the other side' of the pandemic credit boom, says Piper Sandler's Kantrowitz
▼ + stars: | 2023-05-08 | 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 Email'We're going to see the other side' of the pandemic credit boom, says Piper Sandler's KantrowitzMichael Kantrowitz, Piper Sandler chief investment strategist, joins 'Last Call' to discuss the latest Fed survey, credit tightening, and more.

☆ The New Definitive Biography of Martin Luther King Jr.
▼ + stars: | 2023-05-08 | by ( Dwight Garner | ) www.nytimes.com time to read: +1 min

KING: A Life, by Jonathan EigGrowing up, he was called Little Mike, after his father, the Baptist minister Michael King. Only in college did he drop his first name and began to introduce himself as Martin Luther King Jr. This was after his father visited Germany and, inspired by accounts of the reform-minded 16th-century friar Martin Luther, adopted his name. King Jr. was born in 1929. One writer, quoted by Jonathan Eig in his supple, penetrating, heartstring-pulling and compulsively readable new biography, “King: A Life,” called it “the richest Negro street in the world.”Eig’s is the first comprehensive biography of King in three decades.

☆ Tee-k Tock: The ‘appalling’ slow play controversy riling golf’s biggest stars
▼ + stars: | 2023-05-04 | by ( Jack Bantock | ) edition.cnn.com time to read: +14 min

Koepka, whose frustrations with slow play lit the touchpaper of a fiery feud with rival Bryson DeChambeau in 2019, made no secret of his grievances. It does become frustrating when you are waiting so long.”1-on-1 with newly minted PGA Tour winner Matt Fitzpatrick 03:48 - Source: CNNFurther complaints came from beyond the confines of the PGA Tour. I was penalized on LPGA for slow play … and it forced me to speed up,” Alvarez said. “It’s not very pleasant to watch somebody stand over the ball for half an hour.”Nicklaus is not a fan of slow play. “We want to keep the focus where it should be: on world-class shot-making.”Solutions: Golf’s shot clock eraSo how do you solve a problem like slow play?

☆ Macy’s opens more strip mall stores as expansion strategy faces pivotal test
▼ + stars: | 2023-05-04 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +11 min

The shops, called Market by Macy's and Bloomie's, are about one-fifth of the size of the retailer's typical Macy's and Bloomingdale's stores. It has not announced the locations of the four Market by Macy's stores, but said the additional Bloomie's store will be in Seattle. By opening the strip-mall shops, the retailer could steal business away from its larger namesake mall stores. Market by Macy's stores have worked best in shopping centers with grocery anchors or stores such as off-mall retailers that draw traffic, Mastronardi said. Melissa Repko | CNBCInside of Market by Macy's, shoppers find a narrower mix of merchandise than in the mall stores.

☆ New York City’s Most Expensive Neighborhoods
▼ + stars: | 2023-05-04 | by ( Michael Kolomatsky | ) www.nytimes.com time to read: +1 min

New York City’s notoriously volatile real estate market is cooling — the high end included — according to a new report from PropertyShark. The report showed that in the first quarter of 2023, the median sale price fell in 28 of the city’s 50 most-expensive neighborhoods from a year earlier, while the number of sales dropped or was flat in 46 neighborhoods. Only four of the 50 neighborhoods had a median sale price of $2 million or more, compared with eight in the first quarter of 2022. In the most expensive area, Manhattan’s Hudson Yards, the median sale price rose about 6 percent year-over-year, to $5.729 million; but in TriBeCa, the next most expensive, it fell 6 percent, to $3.5 million. But its $2.6 million median sale price was level from a year earlier, so it was price reductions in other neighborhoods that improved its ranking.

☆ Michael Kors and Naomi Watts on Fashion and Women’s Health
▼ + stars: | 2023-05-03 | by ( Cody Delistraty | ) www.wsj.com time to read: 1 min

“In an industry that is so focused on women, we are not seeing enough women rise in managerial [roles],” said fashion designer Michael Kors to Kristina O’Neill (left) onstage. Photo: Dimitrios Kambouris/Getty Images for The Wall Street JournalOn Tuesday night, as the sun set over the Hudson River at Spring Studios in downtown Manhattan, the designer and philanthropist Michael Kors and actor and entrepreneur Naomi Watts weighed in on what the future might hold for their industries. The “after hours” edition of The Wall Street Journal’s Future of Everything Festival, hosted in collaboration with WSJ. Magazine, opened with cocktails followed by performances of Stevie Wonder’s “Sir Duke” and Bob Dylan’s “The Times They Are A-Changin’,” sung by students from the Frank Sinatra School of the Arts High School in Queens, New York.

☆ Opinion | Tucker Carlson’s Text, and ‘an Internal Struggle With Morality’
▼ + stars: | 2023-05-03 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “The Text That Got Carlson Dismissed” (Business, May 3):How ironic that a text that included an unapologetic racist’s epiphany as to our common humanity was one of the causes for his firing. The trigger was Tucker Carlson’s comment that “it’s not how white men fight,” but his acknowledgment and repudiation of his own lust for the Trump mob to kill the “Antifa kid” showed an honesty and reflection absent among his fellow TV personalities on Fox. Michael K. CantwellDelray Beach, Fla.To the Editor:Your article correctly emphasized the racism inherent in the text message but completely failed to emphasize the human being who tried to identify with the victim and realized that the lust for violence was worth questioning. Did you decide that given his history, Tucker Carlson does not deserve any recognition for what was clearly an internal struggle with morality? If so, you may be right, but you have also done a significant disservice by not recognizing that very act as essential to our common survival.

☆ Will Poulter Is Just Getting Used to His Superhero Era
▼ + stars: | 2023-05-03 | by ( Kyle Buchanan | ) www.nytimes.com time to read: +2 min

“For that to be my introduction to the film industry, I couldn’t have asked for a gentler, nicer, more wholesome experience,” he said. That’s why, now that the tide has turned toward appreciative tweets instead of cruel jokes, Poulter is skeptical about putting any stock into what social media has to say about him. “It shouldn’t inform how I treat myself, because I don’t know those people,” he said. “One of the dangers with social media is we can conflate things that exist online to the real world without even questioning it. We just carry the one and don’t really ask whether it actually adds up at the end of the day.”He smiled.

☆ MLB roundup: AJ Pollock's HR ends no-no as Mariners edge A's
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +11 min

Mariners starter Bryce Miller, in his major league debut, gave up a run on two hits and no walks with 10 strikeouts. The Reds snapped a run of seven straight losses to the Padres and a streak of nine straight losses in San Diego. Jon Gray allowed four runs on eight hits with one walk and two strikeouts over 5 1/3 innings. The right-hander lasted five innings, allowing three runs on seven hits with no walks and six strikeouts. Keegan Thompson (1-2) was charged with three runs on four hits in one-third of an inning to take the loss.

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