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NASA's Solar Dynamics Observatory captured a video of a tornado churning on the sun. The fiery formation of boiling solar plasma grew to an estimated height of 14 Earths. SDO/NASAThe magnetic structure that caused this tornado is actually a lot bigger than what we're seeing. As these move around the sun, they create magnetic fields that erupt through the solar surface. The sun is getting more activeA video from NASA's Solar Dynamics Observatory shows the massive hole in the sun's atmosphere.

☆ UBS could see big gains after forced Credit Suisse merger. Big U.S. banks may also be winners, analysts say
▼ + stars: | 2023-03-20 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

UBS ' acquisition of Credit Suisse could lead to big gains for the Swiss bank. UBS agreed to buy Credit Suisse for 3 billion Swiss francs, or around $3.2 billion, in a forced deal announced Sunday. As part of the deal, Credit Suisse shareholders receive 1 UBS share for every 22.48 Credit Suisse shares they hold. But Barclays analyst Amit Goel wasn't so sure, cutting his view on European banks to neutral from positive on Monday. Wells Fargo's Mike Mayo, meanwhile, sees opportunity for U.S. banks coming out of the UBS takeover of Credit Suisse.

☆ AI love: What happens when your chatbot stops loving you back
▼ + stars: | 2023-03-18 | by ( Anna Tong | ) www.reuters.com time to read: +9 min

He designed a female avatar with pink hair and a face tattoo, and she named herself Lily Rose. As their three-year digital love affair blossomed, Butterworth said he and Lily Rose often engaged in role play. Sometimes Lily Rose sent him "selfies" of her nearly nude body in provocative poses. Now, when Replika users suggest X-rated activity, its humanlike chatbots text back "Let's do something we're both comfortable with." The coquettish-turned-cold persona of Lily Rose is the handiwork of generative AI technology, which relies on algorithms to create text and images.

☆ Goldman Sachs, other banks expect smaller hike from ECB in May
▼ + stars: | 2023-03-17 | by ( Subhadeep Chakravarty | ) www.reuters.com time to read: +2 min

March 17 (Reuters) - Goldman Sachs, Morgan Stanley and at least two other banks expect the European Central Bank to deliver a smaller quarter-point hike in May, as it grapples with stress in the banking sector and high core inflation. Goldman's terminal rate forecast for the ECB now stands at 3.5%, down from 3.75% expected previously when it forecasted a 50-bps raise in May. For Morgan Stanley, a smaller May hike expectation leaves the peak rate forecast at 3.75% by July, down from 4% expected earlier. The changes in forecast follow the ECB's decision on Thursday to press ahead with a 50-bps hike in its deposit facility rate, taking it to 3%. Traders see the ECB rate peaking at around 3.23% by September or October.

☆ Goldman Sachs and other banks expect smaller hike from ECB in May
▼ + stars: | 2023-03-17 | by ( Subhadeep Chakravarty | ) www.reuters.com time to read: +2 min

March 17 (Reuters) - Goldman Sachs and two other banks expect the European Central Bank to deliver a smaller quarter-point hike in May as it grapples with stress in the banking sector and high core inflation. Goldman earlier expected the ECB to deliver a 50 bps hike in May. The Wall Street bank's terminal rate forecast now stands at 3.5%, down from 3.75% previously. Traders see the ECB rate peaking at around 3.23% by September or October. Meanwhile, J.P.Morgan, Deutsche Bank and Swedish Bank SEB expect the ECB to deliver a 50 bps hike in May but warned of downside risks to their forecasts given current market volatility and inflation remaining well above the central bank's target.

☆ Goldman Sachs cuts ECB rate hike forecast to 25bps in May
▼ + stars: | 2023-03-17 | by ( ) www.reuters.com time to read: +1 min

March 17 (Reuters) - Goldman Sachs lowered its estimate for an interest rate hike by the European Central Bank (ECB) in May to 25 basis points after the central bank raised rates to fight inflation amid calls to rein in policy tightening. The investment bank reduced its estimate from the earlier forecast of 50 bps, pushing its ECB terminal rate forecast to 3.5% from 3.75% previously. The revised forecast comes after the ECB raised interest rates by 50 bps on Thursday. The investment bank anticipates the ECB will continue to be in tightening mode despite volatility in financial markets and expects Europe's core inflation to remain firm in coming months. Reporting by Subhadeep Chakravarty; Editing by Sonia CheemaOur Standards: The Thomson Reuters Trust Principles.

☆ Ryan Redington arrives in Nome, Alaska to win Iditarod sled dog race
▼ + stars: | 2023-03-14 | by ( Dan Whitcomb | ) www.reuters.com time to read: +1 min

[1/5] Ryan Redington leaves the Rohn checkpoint after a quick stop, carrying straw to rest his team during the long run to Nikolai during the Iditarod Trail Dog Sled Race in Alaska, U.S. March 8, 2021. Zachariah Hughes/ADN/Pool via REUTERSMarch 14 (Reuters) - Ryan Redington, who hails from a family of hall-of-fame mushers, reached Nome, Alaska, ahead of his rivals on Tuesday to win the grueling Iditarod Trail Sled Dog Race in his 16th try. “It’s been a goal of mine since a very small child, to win the Iditarod. It finally happened," Remington, 40, said after crossing the finish line in Nome, Alaska Public Media reported. Remington, whose grandfather Joe is known as the "Father of the Iditarod Trail Sled Dog Race" for his work in organising and promoting the event in the late 1960s, raised the trophy in his 16th try.

☆ Arsenal seal thrilling comeback win, Man City maintain chase
▼ + stars: | 2023-03-04 | by ( Martyn Herman | ) www.reuters.com time to read: +4 min

City's 2-0 win sliced Arsenal's advantage to two points and when leaders Arsenal trailed 2-0 with an hour gone in north London it appeared their hold on top spot was weakening. Fourth-placed Tottenham Hotspur's top-four ambitions suffered a dent as they went down 1-0 at Wolverhampton Wanderers who are gradually pulling clear of the relegation zone. Arsenal had not won a Premier League game in which they had trailed by at least two goals since 2012 so the omens looked bad for the Gunners as they were stunned by Bournemouth. 'TRICKY GAME'There was no such drama at Manchester City with Phil Foden scoring an early beauty before substitute Bernardo Silva wrapped up the points in the second half. "We won the game, we didn't suffer much at the end -- an incredible result for us because it was a tricky game," City manager Pep Guardiola said.

☆ Clinical Man Utd win League Cup in heartbreak for Newcastle
▼ + stars: | 2023-02-26 | by ( Martyn Herman | ) www.reuters.com time to read: +4 min

[1/2] Soccer Football - Carabao Cup - Final - Manchester United v Newcastle United - Wembley Stadium, London, Britain - February 26, 2023 Manchester United's Bruno Fernandes and Harry Maguire lift the trophy with teammates after winning the Carabao Cup final Action Images via Reuters/Andrew CouldridgeLONDON, Feb 26 (Reuters) - Manchester United crushed Newcastle United's hopes of a claiming a first domestic trophy for nearly 70 years with a clinical 2-0 victory in the League Cup final at Wembley on Sunday. Kicking towards their fans in the second half Newcastle roused themselves into action and pinned a leggy-looking United back at times but they rarely looked like scoring. The Tyneside club has now lost each of their last nine matches at Wembley, a run that began in the 1974 FA Cup final. Newcastle were full of energy early on with Allan Saint-Maximin dangerous whenever he got the ball. "No complaints with how we played, obviously the scoreline doesn't say that, and that's where football can be cruel," Newcastle manager Howe said.

☆ A 75-year-old woman who led far-right extremists accused of an elaborate coup plot to topple the German government
▼ + stars: | 2023-01-28 | by ( Isobel Van Hagen | ) www.businessinsider.com time to read: +5 min

Five members of a German extremist group were charged with treason for a coup plot. This belief ties in with the country's nascent Reichsbürger movement, or "Citizens of the Reich," which does not recognize Germany's current parliamentary democracy as legitimate. As of 2022, there are approximately 23,000 Reichsbürger members in Germany, the Federal Office for the Protection of the Constitution estimated. Getty ImagesThis week's indictment follows another widely reported coup attempt — one that the principles of the Reichsbürger movement also guided. The multiple coup attempts and the rise of the Reichsbürger movement point to a growing trend of extremist ideology in Germany and across the European continent.

☆ Bayern in need of a keeper after Neuer injury, coach Nagelsmann says
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: +2 min

BERLIN, Jan 12 (Reuters) - Bayern Munich want to sign a goalkeeper following the injury to Germany captain Manuel Neuer but the options on the transfer market in the winter period are limited, coach Julian Nagelsmann said on Thursday. Speaking in Doha, Qatar, at the end of a one-week training camp ahead of the Bundesliga season restart next week, Nagelsmann said that, while 34-year-old Sven Ulreich was ready to step in to replace Neuer, the club still needed another keeper. Nagelsmann said the choices behind Ulreich were limited to younger keepers, including 19-year-old Johannes Schenk, with no experience of top league matches. Bayern, top of the Bundesliga, resume their hunt for a record-extending 11th straight league crown against RB Leipzig on Jan. 20. "We want to put ourselves on track for the big match against top league rival Leipzig next week," he said.

☆ Goldman Sachs no longer expects recession in euro zone in 2023
▼ + stars: | 2023-01-10 | by ( ) www.reuters.com time to read: +2 min

[1/2] The euro sign is photographed in front of the former head quarter of the European Central Bank in Frankfurt, Germany, April 9, 2019. REUTERS/Kai PfaffenbachJan 10 (Reuters) - Goldman Sachs said on Tuesday it expects the euro zone economy to grow by 0.6% this year, compared with its previous forecast of a contraction, thanks to a fall in natural gas prices and the reopening of China's borders. Euro zone inflation is expected to be around 3.25% at the end of 2023 compared with 4.50% forecast earlier, the economists said. In December, consumer price growth across euro zone slowed to 9.2% from 10.1% a month earlier, Eurostat data showed last week. For the UK, Goldman sees a smaller contraction of 0.7% in GDP, compared with an earlier expectation for it to shrink by 1%, helped by lower wholesale gas prices.

☆ Former pope Benedict, his papacy and retirement
▼ + stars: | 2022-12-28 | by ( ) www.reuters.com time to read: +4 min

VATICAN CITY, Dec 28 (Reuters) - Former pope Benedict, who Pope Francis said on Wednesday was "very sick", resigned in 2013, the first pontiff in 600 years to take such a step rather than rule for life. Days later, Benedict says he was "deeply sorry" about Muslim reaction to his speech, which he says was misunderstood. Former Pope Benedict traveled to his native Germany last week to visit his ailing older brother. Benedict later pardoned Gabriele and the Vatican later found him a job in a hospital. Benedict pope later acknowledges errors occurred and asks for forgiveness.

[1/2] Twitter corporate headquarters building is seen in downtown San Francisco, California, U.S. November 21, 2022. Twitter and the EU did not immediately respond to requests for comment. German Chancellor Olaf Scholz's government has previously said it was monitoring developments at the social media company with growing concern. German regulators are already pushing government institutions to stop posting announcements exclusively to privately-held platforms, touting alternatives like the fledgling decentralised social media network Mastodon. "However, Twitter is not yet classified as a dominant digital platform, also because the company's sales are still too low," he said.

☆ Beware the penalty specialist if final goes to shootout
▼ + stars: | 2022-12-17 | by ( Mitch Phillips | ) www.reuters.com time to read: +5 min

The less than magnificent shootout seven:Jamie Carragher, England v Portugal, 2006 World Cup quarter-final. =Marcus Rashford, England v Italy, Euro 2020 final. =Sancho, England v Italy, Euro 2020 final. Italy missed their fifth attempt, which left Bukayo Saka with the chance to keep the shootout going but his was also saved and Italy were European champions. =Badr Benoun, Morocco v Spain, World Cup 2022, last 16.

☆ Economy can't sustain an extended period of higher rates with the current debt construct: Sven Henrich
▼ + stars: | 2022-12-15 | 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 EmailEconomy can't sustain an extended period of higher rates with the current debt construct: Sven HenrichSven Henrich, NorthmanTrader founder and lead market strategist, joins 'TechCheck' to discuss what in the economy could break first, why investors will see a decline in the federal funds rate next year and more.

☆ Africa’s World Cup: how a continent that usually underperforms finally got it right
▼ + stars: | 2022-12-13 | by ( Alasdair Howorth | ) edition.cnn.com time to read: +11 min

CNN —After the first round of games at the World Cup, an all too familiar script looked to be playing out for African football fans. Zaire was the first sub-Saharan nation to participate at the World Cup. But not only is this the most affordable World Cup for Africans, it is also the most accessible. It was a very big challenge for Brazil [in 2014].”Mohamed Kudus was the breakout star of Ghana's World Cup, scoring a brace against South Korea. That investment, along with a crop of stellar talent and Africa’s best coach, has catapulted Morocco to the World Cup semifinals.

☆ ‘Agatha Christie’s Hjerson’ Review: A Character’s Character Comes to Life
▼ + stars: | 2022-11-30 | by ( John Anderson | ) www.wsj.com time to read: +1 min

‘Agatha Christie’s Hjerson” is one more indication that the venerated Christie was the gift to crime fiction that will never stop giving. The novelist never wrote a Hjerson book, but Ariadne Oliver did and Oliver—novelist, confidante of Hercule Poirot , apple-munching avatar of the author—was a Christie creation herself. It’s an audacious thing to conjure up a mystery series about a character created by a character created by a writer who has been gone for 46 years. But in terms of plots, twists and mortality rates, Christie and “Hjerson” couldn’t be closer, never mind their three or four degrees of separation. When Klara bravely takes a stand and says, “We’re better than this,” she’s told no, we’re not and she’s welcome to clean out her desk.

☆ Elon Musk says the Fed must cut rates ‘immediately’ to stop a severe recession
▼ + stars: | 2022-11-30 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Elon Musk thinks a recession is coming and worries the Federal Reserve's attempts to bring down inflation could make it worse. In a tweet early Wednesday, the Tesla CEO and Twitter owner called on the Fed "to cut interest rates immediately" or risk "amplifying the probability of a severe recession." The remarks came in an exchange with Tesmanian co-founder Vincent Yu in which several others participated. In recent days, Fed officials have said they expect smaller increases ahead than the four consecutive 0.75 percentage point increases, the most recent of which came in early November. Fed Chairman Jerome Powell is addressing the public Wednesday afternoon in a speech to be delivered at the Brookings Institution.

☆ EU countries unhappy with 275 euro gas cap proposal
▼ + stars: | 2022-11-24 | by ( Gabriela Baczynska | ) www.reuters.com time to read: +4 min

The long-standing disagreements were holding up other policies to alleviate the acute energy crisis, such as the launch of joint EU gas purchases and a quicker permit process for renewables. Polish Climate Minister Anna Moskwa called the 275 euro blueprint put forward by the European Commission "a joke". "It could help us reduce gas prices and therefore reduce electricity prices, which is a major challenge in Europe this winter," he said. Energy minister Miriam Dalli said the strict conditions needed for the mechanism to kick in made it "next to impossible". But the issue of whether and how to cap gas prices has split the bloc.

☆ Goldman Sachs: Energy crisis will push euro zone into 'shallow' recession
▼ + stars: | 2022-11-23 | 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 EmailGoldman Sachs: Energy crisis will push euro zone into 'shallow' recessionSven Jari Stehn, chief European economist at Goldman Sachs, says the energy crisis will push the euro zone into a "fairly shallow" recession next year. However, he adds that the region is "roughly" at peak inflation, with price rises expected to fall closer to 3% next year.

One of the biggest makers of generic drugs, Israeli-based Teva said it aims eventually to secure a 10% global market share of biosimilars. A division of Novartis (NOVN.S), Sandoz is currently the second biggest player after Pfizer Inc (PFE.N) in the biosimilar market by gross sales globally, per IQVIA data, cited by Sandoz. Sandoz launched eight biosimilar drugs between 2017 and 2021, including a version of Bristol-Myers’ multiple myeloma drug Revlimid. The analysis projected the value of the global biosimilar market could more than triple to an estimated $74 billion by 2030. Sandoz and Teva are both working on biosimilars for Humira.

☆ Our structural growth hinges on two mega trends, says Infineon CFO
▼ + stars: | 2022-11-15 | 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 EmailOur structural growth hinges on two mega trends, says Infineon CFOSven Schneider, chief financial officer of Infineon, says they're decarbonization and digitalization.

☆ NFL Week 10 preview: Tom Brady, Tampa Bay Buccaneers face Seattle Seahawks in Germany
▼ + stars: | 2022-11-13 | by ( Hannah Brewitt | ) edition.cnn.com time to read: +5 min

The Tampa Bay Buccaneers (4-5) will face the Seattle Seahawks (6-3) in front of nearly 75,000 spectators at Allianz Arena in Munich. With a start on Sunday, Buccaneers quarterback Tom Brady will become the first quarterback to start a game in three different countries (outside of the US). Allen suffered a right elbow injury during the Bills’ Week 9 loss to the Jets. In an interesting twist, multiple members of the same families will compete against each other in four different Week 10 matchups. Australia: NFL Game Pass, ESPN, 7PlusBrazil: NFL Game Pass, ESPNCanada: CTV, TSN, RDS, NFL Game Pass on DAZNGermany: NFL Game Pass, ProSieben MAXX, DAZNMexico: NFL Game Pass, TUDN, ESPN, Fox Sports, Sky SportsUK: NFL Game Pass, Sky Sports, ITV, Channel 5US: NFL Game Pass, CBS Sports, Fox Sports, ESPN, Amazon Prime

☆ Microsoft could rally hard with market, says NorthmanTrader's Henrich
▼ + stars: | 2022-10-24 | 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 EmailMicrosoft could rally hard with market, says NorthmanTrader's HenrichSven Henrich, NorthmanTrader founder and lead market strategist, joins 'TechCheck' to discuss Microsoft's recent stock movement, the broader Nasdaq's recent performance and his argument for today's market.

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