DIRS.INFO The most relevant business & tech news

☆ Building collapse in Havana kills at least one, others trapped
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +1 min

HAVANA, Oct 4 (Reuters) - A building partially collapsed in the Cuban capital Havana on Tuesday night, killing at least one person and leaving at least two others trapped beneath the rubble, the municipal government said. The collapse in the Old Havana tourist district gutted the insides of the decrepit building that was home to 13 families and 54 people. It wrenched terraces off its facade and trapped many people beneath piles of rubble and rebar. One person had been killed and two others were hospitalized in critical condition, the municipal government said in a statement. The building collapse is the latest in a series of disasters that have beset crisis-racked Cuba, including a gas explosion that destroyed Havana´s Saratoga Hotel in 2022 and a massive tank farm fire in Matanzas, an hour east of the capital, several months later.

Persons: Rene Mesa Villafaña, Dave Sherwood, Angus MacSwan Organizations: Havana, Thomson Locations: HAVANA, Cuban, Old Havana, Cuba, Havana, Matanzas, U.S

☆ Macy's will open up to 30 stores, as department store looks to strip malls as key part of its future
▼ + stars: | 2023-10-03 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +6 min

In this article M Follow your favorite stocks CREATE FREE ACCOUNTMacy's is opening more small-format stores across the country. Macy'sMacy's on Tuesday said it will open up to 30 smaller stores in strip malls over the next two years, as the retailer chases customers out of dying malls and into bustling suburbs. Chief Stores Officer Marc Mastronardi said small-format stores are part of the solution. Macy's smaller, off-mall stores have spacious fitting rooms and a curated mix of merchandise that's frequently swapped out. The company is phasing out Market by Macy's, the name it initially used for the smaller Macy's stores.

Persons: Macy's, —, Marc Mastronardi, that's, Mastronardi, Jeff Gennette, Gennette, Tony Spring, Oliver Chen Organizations: Macy's, Cowen, Nike, Armour, 34th, Shoppers Locations: Macy's, floundering

☆ A night inside a strip club near Ukraine’s front lines
▼ + stars: | 2023-10-02 | by ( Anna Conkling | ) www.businessinsider.com time to read: +19 min

By mid-afternoon, nine women have gathered around the dance pole at Flash Dancers, the only women-owned exotic dance club in Kharkiv. Valerii Kseniya, Flash Dancers' co-owner, in an undated photograph from her career as a professional dancer (left), and in July 2023. Iva Sidash for InsiderWhen Dana first joined Flash Dancers, Valeriya said, she was shy, silent, and not open to speaking with the team. Iva Sidash for InsiderOver the past year, several soldiers who were regulars at Flash Dancers have been killed in the fighting. Iva Sidash for InsiderThe evening at Flash Dancers could serve as a microcosm of Ukraine's tentative but determined return to normality.

Persons: Valeriya Zavadskaya, Christina Aguilera's, bam, Iva Sidash, Valeriya, Cher, proprietorship, Volodymyr Zelenskyy, Valeriya's, Valeriia Kseniya, Kseniya, Valerii Kseniya, —, Valeriya's lapdogs, Sara, Lady —, grimly, Dana, hasn't, they're, Gyrating, doesn't, they've, Yurii Tryfan, Yevgeny Prigozhin, Wagner, Tryfan, Lyuda, Maksyum, Pavlo, trundle, We've, Anna Conkling, Elle Organizations: showtime, Boys, Komsomol, league, Communist Party, Hustler, National University of Kharkiv, Valeriya, Flash Dancers, Monetary Fund Locations: Kharkiv, Ukraine's, Russian, Ukraine, Eastern Europe, bam, Soviet, South Korea, Bulgaria, Yugoslavia, Italy, Asia, Russia, Ukraine's Crimean, Moulin Rouge, Drohobych, Polish, USSR, Bakhmut, Kupyansk, Ukrainian, Kyiv, Berlin

If you're looking for live coverage tonight, we'll show you how to watch Messi and an Inter Miami vs. Houston Dynamo live stream of the U.S. Open Cup final. Even hours before the teams take the pitch, Messi's availability for the U.S. Open Cup remains in flux. How to watch Inter Miami vs. Houston Dynamo U.S. Open Cup Final free live streamsCBS Sports is showing the U.S. Open Cup final this year. How to watch Inter Miami vs. Houston Dynamo with a VPNSign up for a VPN if you don't have one. Watch Inter Miami vs. Houston Dynamo in the U.S. Open Cup Final.

Persons: Lionel Messi, Messi, that's, ExpressVPN Organizations: Miami hasn't, Leagues, MLS, Houston, Inter Miami, Houston Dynamo, U.S, Inter, Dynamo, CBS Sports, Houston Dynamo U.S, CBS, CBS Sports Network, Paramount Plus, Paramount, Insiders, Watch Inter Miami Locations: United States, Houston, U.S

☆ Positivity alone won't increase your lifespan, experts say—you must also possess these key personal traits
▼ + stars: | 2023-09-26 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +2 min

Staying positive is also a key piece of advice for anyone hoping to live a long, healthy life. Centenarians, or those who reach 100 years old, frequently credit their lengthy lifespan to their positive attitude. Personality can be a "big factor" when it comes to longevity, says Petr Sramek, CEO of Healthy Longevity Clinic, a medical practice that seeks to extend clients' lives. Don't miss: 100-year-old sisters share 5 simple tips for leading a long, happy life Let's say a client has chronic inflammation, Sramek says. But they must possess the type of personality that is willing to seek and accept help.

Persons: Ruth Sweedler, Madeline Paldo, doesn't, Petr Sramek, Sramek, — Organizations: CNBC, Healthy Longevity Clinic

☆ ‘Sex Education’ Is Back. Here’s What You Need to Know.
▼ + stars: | 2023-09-22 | by ( Rachel Sherman | ) www.nytimes.com time to read: +1 min

School is back in session for the sweet, sometimes absurd British comedy “Sex Education,” which leans heavily into its streaming-series freedom to portray adolescent sex for what it generally is: awkward, mediocre, part of life. Expect close-ups of patchy pubic hair, belly rolls and many (many) penises — among other physical realities of sex that don’t typically appear in teen stories. Unlike other raunchy teen dramas, like the provocative “Skins” and “Euphoria,” “Sex Education” takes a normalizing, endearingly un-edgy and even occasionally musical approach to the birds and the bees (though the writers would probably choose a more clinical term). In the fourth and final season, now streaming on Netflix, Otis must navigate a new school alongside his effervescent best friend, Eric (Ncuti Gatwa). After the closure of Moordale Secondary School at the end of Season 3, they now face a social hurdle more daunting than trying to become popular: survival as the new kids.

Persons: Asa Butterfield, Gillian Anderson, ”, Eric, Ncuti, Moordale Organizations: Otis, Netflix, Moordale Secondary

☆ Manchester United lurches from crisis to crisis. Will the club ever break out of its destructive cycle?
▼ + stars: | 2023-09-20 | by ( Matias Grez | ) edition.cnn.com time to read: +9 min

Roberto De Zerbi’s side is everything this United team is not at the moment: exciting, slick, cohesive, fast-paced and inventive. But perhaps the worst part of the defeat for United fans is that it wasn’t all that surprising. Boos rang out around Old Trafford at the end of the match – even when new signing Rasmus Højlund was substituted for Anthony Martial after 64 minutes. “We have to be very disappointed and annoyed at ourselves,” ten Hag told reporters. Former United striker Danny Welbeck came back to haunt his old club on Saturday.

Persons: CNN —, Erik, Roberto De Zerbi’s, Rasmus Højlund, Anthony Martial, Hag, “, Lewis Storey, Andy Mitten doesn’t, Erik ten Hag, ”, Erik ten, ” Mitten, Old Trafford, he’s, United’s, Antony –, Jadon Sancho, Danny Welbeck, Todd Boehly, Sancho, Sancho’s, Mason Greenwood’s, Antony, Glazer, Jim Ratcliffe, Jassim Bin Hamad Al, Michael Regan, Gary Neville, ” Neville, Jamie Carrager, Neville, Alex Ferguson, Martin Edwards, League’s, Alan Shearer, Mike Ashley’s, ” Shearer, Harry Kane Organizations: CNN, Manchester United –, Seagulls, United, Premier League, Brighton, Ajax, Arsenal, Athletic, Sky Sports, League, FA, Champions League, Man, Old, Manchester United, Former United, Getty, England, Getafe, Getty Images Manchester United, Newcastle, BBC’s, Bayern Munich, Bayern, Tottenham Hotspur Locations: Brighton, Old Trafford, Forest, Old, Jassim Bin Hamad Al Thani, Liverpool

☆ These 10 stocks have the most exposure to China's 'stalling' economy, BofA warns
▼ + stars: | 2023-09-08 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

China's "stalling" economy is putting some US companies at risk, according to Bank of America. The bank highlighted the top 10 stocks that have the most revenue exposure to China. Applied MaterialsApplied Materials’ new corporate signage photo in Santa Clara California ReutersTicker: AMATMarket value: $122.6 billionRevenue exposure to China: 33%9. Wynn ResortsAdvertisementAdvertisementFILE PHOTO: Wynn Resorts Ltd property in Las Vegas ReutersTicker: WYNNMarket value: $10.7 billionRevenue exposure to China: 40%4. ReutersTicker: LVSMarket value: $38.2 billionRevenue exposure to China: 67%Other companies that have considerable revenue exposure to China include: Intel (27%), Tesla (26%), and Nvidia (26%).

Persons: Savita Subramanian, Santa Clara California, Lam, Shanghai Aly Song Organizations: Bank of America, Service, Santa Clara California Reuters, Broadcom Reuters, IPG Photonics, Wynn, Wynn Resorts Ltd, Las Vegas Reuters, WYNN, Qualcomm, China, Vegas Sands Corp, Reuters, Intel, Nvidia Locations: China, Wall, Silicon, Santa Clara, Las Vegas, Shanghai, Macau

☆ China Is Full of Risks. So Why Can’t Corporate America Leave?
▼ + stars: | 2023-09-08 | by ( Alexandra Stevenson | More About Alexandra Stevenson | ) www.nytimes.com time to read: +1 min

For decades, America’s corporate chieftains saw China as a money spinner. Western companies doing business in China are facing pressures that were unimaginable several years ago. The country’s economy is floundering and its relationship with the United States is strained. Many Western companies still see their China operations as a long-term bet, but the payoff is tempered with hazards. “There is a recognition among C.E.O.s that they need to mitigate some risks,” said Myron Brilliant, a senior counselor at Dentons Global Advisors-ASG.

Persons: ”, Myron Brilliant Organizations: Global Locations: China, United States

☆ Opinion: DeSantis’ snub of Biden in Florida shows why he’s bad at politics
▼ + stars: | 2023-09-03 | by ( Dean Obeidallah | ) edition.cnn.com time to read: +6 min

CNN —President Joe Biden traveled to Florida on Saturday to survey the devastation from Hurricane Idalia. But a White House official told CNN the governor hadn’t raised that issue when the president told him of his visit before announcing it publicly. Of course, those concerns were apparently not an issue when DeSantis welcomed Biden to the state to survey past calamities. For example, in 2021, after the deadly condo collapse in Surfside, Florida, Biden and DeSantis came together as the president toured the damage. And it’s really important.”Just last year, again Biden and DeSantis publicly toured the destruction caused by Hurricane Ian in October.

Persons: Dean Obeidallah, Joe Biden, GOP Sen, Rick Scott of, Ron DeSantis, Dean Obeidallah CNN DeSantis, Biden, hadn’t, DeSantis, “ You’ve, ” DeSantis, Hurricane Ian, “ Mr, ”, It’s, Kate Bedingfield, ” Bedingfield, Donald Trump, Gavin Newsom, Newsom, Chris Christie, Barack Obama, Republican Mitt Romney, Christie, Obama, —, “, Romney, DeSantis didn’t, I’m, “ We’re, Republicans —, DeSantis —, Hurricane Sandy —, floundering Organizations: CNN, GOP, Florida Gov, Dean Obeidallah CNN, White, Biden, Biden White House, Sunshine State, Democratic Gov, Trump, Obama, Republican, Army Corps of Engineers, Twitter, Facebook, Federal Emergency Management, Disaster Relief, United States Congress, Democrats, Republicans, Hurricane Locations: Florida, Rick Scott of Florida, Surfside , Florida, Miami Beach, California, New Jersey, Hurricane, Massachusetts, United States

☆ Emirati company buys 30% stake in Egypt tobacco firm Eastern Co.
▼ + stars: | 2023-09-03 | by ( ) www.reuters.com time to read: +2 min

The sale will reduce Chemical Industries' stake to 20.95%, giving impetus to Egypt's floundering privatisation programme. Global Investment will provide $150 million to buy the tobacco necessary for production as part of the agreement. The deal "is an affirmation of the government's determination to ... encourage direct private investment in various sectors," the cabinet statement said. Egypt's government sold 4.5% of Eastern Co. on the stock exchange in 2019, leaving the holding company with a majority stake. Egypt desperately needs foreign currency after the COVID pandemic and Ukraine crisis exposed vulnerabilities in its economy.

Persons: Mostafa Madbouly, Momen Saeed Atallah, Adam Makary, Hatem Maher, Patrick Werr, Ros Russell Organizations: Global Investment Holding, Eastern Co, Holding Company, Chemical Industries, Global Investment, International Monetary, Thomson Locations: CAIRO, Eastern, Egypt, Ukraine

☆ Russia dominated the first space race, but now it can't even land on the moon. Photos show the US and China are way ahead.
▼ + stars: | 2023-09-02 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +9 min

China, Russia, and the US (with its international allies) are all plotting huge new moonshots. Photos of the space efforts of the US, China, and Russia reveal how far behind the former space power has fallen. AdvertisementAdvertisementThe US and China are innovating, while Russia's space tech agesNASA's Space Launch System rocket with the Orion spacecraft aboard, at the Kennedy Space Center in Florida. Berger cited other underlying issues that are stifling Russia's space ambitions, like budget cuts, quality control, and corruption. Western sanctions have harmed Russia's space program in other ways, limiting its access to high-quality microchips, the AP reported.

Persons: Artemis, Russia isn't, hasn't, Russia's Luna, Bill Nelson, Luna, NASA’s, —, Tingshu Wang, Sergei Markov, Russia's, Steve Seipel, Yuri Borisov, Borisov, Bill Ingalls, Eric Berger, Vladimir Putin's, Berger, Xue Lei, landers, Roscosmos, Victoria Samson Organizations: Service, NASA, AP, Soviet Union, Operation, Space Corporation, Politico, New York Times, China National Space Administration, Vostochny, Luna, NASA’s Goddard Space Flight, Arizona State University NASA, Orion, NASA NASA, SpaceX, National Museum, Reuters, Kremlin, Kennedy Space Center, CNN, Russian Soyuz, Baikonur, Future Publishing, Getty, European Space Agency, ESA, Secure, Foundation Locations: Wall, Silicon, China, Russia, Soviet, Soviet Union, China National Space Administration Russia, Russia's Far, India, Russian, Beijing, Ukraine, Florida, Kazakhstan, Washington

☆ The CEO of a $2.2 billion tech startup—who’s sold companies to Yahoo and Google—shares the common mistake he’s avoided
▼ + stars: | 2023-09-01 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +5 min

Craig Walker has sold startups to Yahoo and Google, and his current business, cloud communications company Dialpad, is valued at $2.2 billion. Still, the CEO says he learned his most important business lesson watching a "goofy" 1970s racing comedy, called "The Gumball Rally." But, Walker has been running internet communications companies for more than two decades, and he says he's seen "a lot of entrepreneurs" make the mistake of reacting to their competition: "They'll change their roadmap. When the internet bubble burst, an internet communications company he'd backed was floundering and in need of a steady hand. This time, Walker stayed on at Google for nearly four years, leading the transition of his former business into the Google Voice platform.

Persons: Craig Walker, Walker, Raul Julia's, I'm, he's Organizations: Yahoo, Google, CNBC, Microsoft's, Dialpad Communications, GrandCentral Communications, ICONIQ Capital Locations: Raul Julia's Italian

☆ UBS inherits tricky wealth legacy in Asia
▼ + stars: | 2023-08-29 | by ( Anshuman Daga | ) www.reuters.com time to read: +4 min

SINGAPORE, Aug 29 (Reuters Breakingviews) - UBS (UBSG.S) CEO Sergio Ermotti is facing an Asian wealth bonanza after acquiring Credit Suisse, which has been particularly strong in Indonesia and neighbouring countries. Tidjane Thiam, who ran Credit Suisse from 2015 to 2020, placed a big bet on the region by creating g a standalone Asian unit led by Indonesian banker Helman Sitohang. Former UBS CEO Ralph Hamers said in March that in Asia, more than anywhere globally, the interplay between wealth management and investment banking was important to lure clients. That working combination helped Credit Suisse regularly top equity capital markets and M&A league tables in Southeast Asian markets. UBS regional chief Edmund Koh told an industry event in July that the Swiss bank will manage about $800 billion of assets in Asia this year, Asia Private Banker reported.

Persons: Sergio Ermotti, Tidjane Thiam, Helman Sitohang, Ralph Hamers, Edmund Koh, Ermotti, Francesco De Ferrari, Benjamin Cavalli, Lisa Jucca, Thomas Shum Organizations: Reuters, UBS, Credit Suisse, Suisse, Credit Suisse’s, Credit, Asia, Banker, HSBC, HK, Thomson Locations: SINGAPORE, Indonesia, Swiss, Asia

☆ Lexi Luna, a teacher-turned-porn star, said branding herself as professional MILF helped her career take off
▼ + stars: | 2023-08-25 | by ( Julia Naftulin | ) www.businessinsider.com time to read: +6 min

Lexi Luna, a former elementary school teacher, has been starring in pornographic films since 2016. Luna plays the role of MILF in films and custom content, using her wardrobe and sensuality to pull in fans. She wanted to supplement her income with the goal of retiring one day, and she wanted to do it as a single woman, Luna told Insider. So I know how to adapt to the situation around me and to not be overwhelmed or afraid to ask adult film directors questions," Luna told Insider. Luna, who is now 32, said that she's typically the oldest performer on any given set, so her MILF persona comes as easily as ever.

Persons: Lexi Luna, Luna, —, she's, you've, She'll caress, They're Organizations: Service, MILF Locations: Wall, Silicon, PornHub, MILF, Florida

☆ Take Five: Farewell to a bruising August
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +5 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., April 14, 2023. Other data such as consumer confidence, the state of manufacturing, and inflation, with the latest personal consumption expenditures index is also due. Line chart with data from Refinitiv Datstreamn shows U.S. unemployment rate and federal funds target rate from January 2021 to July 2023. Yet Thursday's flash euro area August inflation number, which follows releases from some member states, could be the decider. The world's most populous country is already concerned about the threat to production of several basic commodities, including rice and sugar.

Persons: Brendan McDermid, Lewis Krauskopf, Kevin Buckland, Nigel Hunt, Dhara, payrolls, Bundesbank, buybacks, Xi Jinping, Karin Strohecker, Sharon Singleton Organizations: New York Stock Exchange, REUTERS, Treasury, Federal Reserve, ECB, Reuters, Nino, Climate, Thomson Locations: New York City, U.S, China, Lewis, New York, Tokyo, Amsterdam, London, Jackson Hole , Wyoming, Indonesia, Thailand

☆ Western defense officials urge Ukraine to focus counteroffensive resources on southern push — even if it means heavy troop and equipment losses
▼ + stars: | 2023-08-23 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Western officials think Ukraine misallocated its counteroffensive resources, The New York Times reported. Defense strategists want Ukraine to focus its efforts on pushing toward the south. But a southern push could result in troop and equipment losses, the outlet reported. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. But Ben Hodges, a retired lieutenant general and former commander of US Army Europe, cautioned against counting Ukraine out too soon.

Persons: Ben Hodges, Hodges, Mark, Ukraine's Organizations: New York Times, Defense, Service, US Army, Ukrainian, Times, Joint Chiefs of Staff, Crimea materializes Locations: Ukraine, Wall, Silicon, Russia, Crimea, Bakhmut, Zaporizhzhia, US Army Europe

☆ China state banks seen mopping up offshore yuan to stem currency weakness
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +3 min

Coins and banknotes of China's yuan are seen in this illustration picture taken February 24, 2022. Tightening up offshore yuan liquidity could also act to stabilise the yuan, one of the sources said. Following the state bank move, the offshore yuan rallied and was last trading at around 7.2834 per dollar, up around 0.3% on the day. The cost of shorting the yuan jumped, the state bank sources told Reuters, as seen from sudden rises in offshore yuan tomorrow-next forward points . During London trade, offshore yuan forwards jumped across the board amid signs of yuan liquidity tightness, with several banking sources attributing the liquidity squeeze to the activity by banks.

Persons: Florence Lo, Masayuki Kichikawa, Alvin Tan, Kevin Buckland, Ed Osmond, Angus MacSwan Organizations: REUTERS, Rights, greenback, Sumitomo Mitsui DS Asset Management, Reuters, People's Bank of China, Asia FX, RBC Capital Markets, UBS, Shanghai Newsroom, Thomson Locations: China, London, Asia, Tokyo

☆ Global stock markets have been buoyed by 'stupid' people ignoring China and Russia risks, veteran investor says
▼ + stars: | 2023-08-21 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +3 min

The veteran investor highlighted key economic threats to global equities including high interest rates and China's slowdown. The Independent Strategy president highlighted key risks to global output, including a slowdown in China, Russia's sanction-hit economy, and high inflation across the West. They are related," Roche said during a recent interview on CNBC's "Squawk Box Europe." On China, Roche stressed risks related to the country's floundering property sector. "Much longer higher interest rates means that they actually have to squeeze profit margins in order to get inflation figures to come down," he said.

Persons: Stocks, David Roche, Roche Organizations: Service, Global, Independent, ., Equity, Federal Reserve, Federal, Fed, America Locations: Wall, Silicon, China, Beijing

☆ Famed Italian dealmaker and Piaggio CEO Colaninno dies
▼ + stars: | 2023-08-19 | by ( Crispian Balmer | ) www.reuters.com time to read: +3 min

Roberto Colaninno attends the celebrations for the 50th anniversary of the Vespa Primavera scooter at the Piaggio Museum in Pontedera, Italy, April 19, 2018. REUTERS/ Alessandro Bianchi/File Photo Acquire Licensing RightsROME, Aug 19 (Reuters) - Entrepreneur Roberto Colaninno, chairman and CEO of scooter maker Piaggio and one of Italy's best-known dealmakers, has died, his investment company IMMSI said on Saturday. He is most famous for his surprise $58 billion leveraged buyout of Telecom Italia (TLIT.MI) in 1999, at the time the world's largest hostile takeover. In 2003, after his efforts to take over carmaker Fiat were rebuffed, he turned his attention to Piaggio, maker of the Vespa scooter, which had fallen on hard times. Colaninno ditched the firm's loss-making computer unit and focused on the telephone business - which he subsequently used as a vehicle to launch the Telecom Italia bid.

Persons: Roberto Colaninno, Alessandro Bianchi, IMMSI, Colaninno, Carlo De Benedetti, De Benedetti, Olivetti, Matteo, Michele, Oretta, Crispian Balmer, David Holmes Organizations: Primavera, Piaggio Museum, REUTERS, Rights, Piaggio, Telecom Italia, Pirelli, Fiat, Alitalia, Thomson Locations: Pontedera, Italy, Asia, India, China, Vietnam, Fiamm, Europe

☆ Dollar set for fifth winning week on Fed bets, PBOC supports yuan
▼ + stars: | 2023-08-18 | by ( Kevin Buckland | ) www.reuters.com time to read: +4 min

U.S. Dollar and Chinese Yuan banknotes are seen in this illustration picture taken June 14, 2022. Strong economic data this week, particularly retail sales, had already bolstered the case for additional tightening. "The market wants the Fed to go on hold, but the data just isn't supporting that," said Tony Sycamore, a markets analyst at IG. "The risk aversion, the higher yields, the resilient economic data ... all of those things have played out to perfection for the U.S. Against the yen, the dollar eased 0.22% to 145.515 on Friday, after reaching a nine-month peak of 146.40 overnight.

Persons: Florence Lo, Tony Sycamore, Sycamore, Kevin Buckland, Jacqueline Wong Organizations: REUTERS, Rights, People's Bank of, U.S, Federal, IG, U.S ., Reuters, HK, . Treasury, Thomson Locations: People's Bank of China, China, U.S, Beijing

☆ Opinion | Using Frederick Douglass to Rationalize Slavery? In Florida, Yes!
▼ + stars: | 2023-08-16 | by ( Charles M. Blow | ) www.nytimes.com time to read: +1 min

Last month, the Florida Department of Education announced that grade-school teachers could use videos produced by Dennis Prager’s PragerU Kids in their classrooms. PragerU is no more a university than Trump University was. In fine type at the bottom of its webpage, it admits that “PragerU is not an accredited university, nor do we claim to be. We don’t offer degrees, but we do provide educational, entertaining, pro-American videos for every age.”In reality, PragerU is little more than a propaganda media site. The Southern Poverty Law Center takes an even dimmer view of its credentials, saying, “PragerU seems to be yet another node on the internet connecting conservative media consumers to the dark corners of the extreme right.”

Persons: Ron DeSantis’s, Dennis Prager’s, “ PragerU, ” Organizations: Republican, Florida Department of Education, Trump University, Southern Poverty Law Center Locations: Florida

☆ This chart shows how exposed each of our 35 stocks is to China's struggling economy
▼ + stars: | 2023-08-15 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

The chart below is meant to provide a high level view of the revenue exposure each of the 35 companies in our portfolio has to the world's second-largest economy. First, a couple caveats: Our energy exploration and production stocks Coterra Energy (CTRA) and Pioneer Natural Resources (PXD) screen as having zero revenue exposure outside of the United States. Nvidia (NVDA) is another stock where the direct revenue exposure can be misleading. That makes the 60% revenue exposure to the Asia-Pacific region more concerning, even as mainland China realized organic sales growth during the quarter. As a result, total sales, services sales and wearables, home and accessories sales all set June quarter records in Greater China.

Persons: Estee Lauder, WYNN, Estee Lauder We're, wouldn't, Jim Cramer's, Jim Cramer, Jim Organizations: Coterra Energy, Natural Resources, Nvidia, Devices, AMD, Apple, Wynn Resorts, Wynn, Macau, Starbucks, Management, Jim Cramer's Charitable, CNBC, Vcg, Visual China, Getty Locations: China, Asia, Pacific, Taiwan, Macau, United States, U.S, Japan, Greater China, India, Jiangxi Province

☆ Fernando Villavicencio assasination: How corruption and gang warfare transformed Ecuador
▼ + stars: | 2023-08-11 | by ( Tara John | ) edition.cnn.com time to read: +6 min

But the high-profile assassination on Wednesday of presidential candidate Fernando Villavicencio could be a turning point for the country that has so far struggled to control the bloodshed. Ecuadorean presidential candidate Fernando Villavicencio ran on an anti-corruption platform prior to his death. Floundering authoritiesSecurity and state forces have been badly unprepared for the rise of criminal groups in the country. A a car transports the body of Ecuadorean presidential candidate Fernando Villavicencio on August 10. Last year, the US withdrew visas from high-ranking officers of Ecuadorian state security forces, alleged to be linked to drug trafficking, as well as several judges and lawyers.

Persons: CNN —, Fernando Villavicencio, ” Juan Pappier, Watch’s, “, Karen Toro, Laura Lizarazo, ”, ” Lizarazo, Ecuador’s, Guillermo Lasso, Lizarazo, Eric Farnsworth, –, Villavicencio –, El, Nayib Bukele, Luisa González, Rafael Correa, Vicente Gaibor del Pino Organizations: CNN, Customs, Border Patrol, Ecuadorian, Reuters, Lobos, of, Americas Society, Security Locations: Ecuador, ”, Peru, Colombia, Europe, Washington, Americas

☆ Dollar firm on safe-haven demand as markets fret over China, banks
▼ + stars: | 2023-08-09 | by ( Kevin Buckland | ) www.reuters.com time to read: +4 min

The employee of a currency exchange shop counts U.S. dollar banknotes in Ciudad Juarez, Mexico July 27, 2023. The Chinese yuan, however, got some respite after the central bank set a stronger official rate than expected, signalling its discomfort with recent declines. Worries about the global economy flared again after data on Tuesday showed Chinese imports and exports contracting faster than expected in July. U.S. Treasuries also saw a surge in demand from haven-seeking investors, with 10-year yields briefly dipping back below 4%. Reporting by Kevin Buckland; Additional reporting by Brigid Riley; Editing by Sonali PaulOur Standards: The Thomson Reuters Trust Principles.

Persons: Jose Luis Gonzalez TOKYO, Treasuries, Ray Attrill, there's, Attrill, Patrick Harker, Raphael Bostic, Michelle Bowman, Bart Wakabayashi, Kevin Buckland, Brigid Riley, Sonali Paul Organizations: REUTERS, New Zealand, U.S, Bank of New York Mellon, US Bancorp, National Australia Bank, People's Bank of, Federal Reserve, Philadelphia Fed, Atlanta Fed, Fed, State Street Bank, Trust, Thomson Locations: Ciudad Juarez, Mexico, Asia, Rome, China, People's Bank of China, Tokyo

Search resuls for: "floundering"

25 mentions found