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☆ Opinion | On the Smoke Crisis, New York City’s Mayor Chokes
▼ + stars: | 2023-06-09 | by ( Mara Gay | ) www.nytimes.com time to read: +2 min

He could have coordinated with the governor to use the subway system announcements to communicate about the smoke with residents. The mayor could have worked quickly to distribute high-quality N95 masks — and critically, information — to New Yorkers, especially in the city’s most vulnerable communities. The city’s Fire Department, which reports to the mayor, finally said on Twitter Thursday it would have masks available at certain locations. The city could have opened designated clean air centers, deploying air purifiers to school gyms or libraries, offering vulnerable New Yorkers a similar refuge during the smoke crisis. He could have led by example by clearly directing city workers to do the same, if their job allowed.

Persons: Adams, Kathy Hochul Organizations: Yorkers, Gov, Fire Department, Twitter, of Education Locations: New Yorkers

The U.S. Securities and Exchange Commission sued Coinbase, accusing it of illegally operating without registration with the regulator. That happened a day after the SEC filed a lawsuit against Binance and its CEO, Changpeng Zhao. Coinbase shares were down 13.4% at $50.81 after earlier hitting their lowest level since January. Also, after falling earlier, Bitcoin , the world's biggest cryptocurrency, was up 1.4%. Coinbase had disclosed in March that it received a "Wells notice" from the SEC threatening a potential lawsuit over certain products.

Persons: Coinbase, Changpeng Zhao, Matt Stucky, Shannon Stapleton, Binance's cryptocurrency, Paul Grewal, we'll, Grewal, Manya Saini, Shristi, Sinéad Carew, Paul Simao Organizations: Coinbase, U.S . Securities, Exchange Commission, SEC, Binance, Global, Northwestern Mutual Wealth Management Company, Coinbase Global Inc, Nasdaq, Times, REUTERS, Mining, Marathon, Thomson Locations: Manhattan, New York, U.S, Bengaluru

June 5 (Reuters) - Cryptocurrencies and shares in crypto and blockchain-related companies tumbled on Monday after the U.S. securities regulator sued crypto exchange Binance, another blow to the industry. The SEC crackdown has prompted some crypto companies to increase compliance, spike products, and expand overseas, moves that some marketwatchers said would likely be accelerated by this latest action against the world's largest crypto exchange. In April, the SEC charged crypto exchange Bittrex Inc with operating an unregistered securities exchange, broker and clearing agency, and settled with Kraken in February for $30 million over the exchange's U.S. crypto staking service. Shares of Coinbase (COIN.O) were down 9.1% on the news of the SEC's charges against Binance. Both Coinbase and crypto exchange Gemini launched international exchanges for crypto derivatives in May.

Persons: Binance, Changpeng Zhao, Binance's cryptocurrency, Gary Gensler, marketwatchers, John Reed Stark, Kraken, Bittrex, James Angel, Gemini, Rajeev Bamra, Sinéad Carew, John McCrank, Manya Saini, Hannah Lang, Michelle Price, Leslie Adler, Lisa Shumaker Organizations: U.S . Securities, Exchange Commission, Reuters, SEC, Washington , D.C, Internet, Coinbase Global Inc, Georgetown University, Binance, Inc, Marathon, Mining, Moody’s Investors Service, Thomson Locations: Washington ,, U.S, New York, Bengaluru, Washington

☆ Crypto shares tumble after U.S. SEC charges Binance with securities law violations
▼ + stars: | 2023-06-05 | by ( ) www.reuters.com time to read: +2 min

June 5 (Reuters) - Cryptocurrencies and shares in crypto and blockchain-related companies tumbled on Monday after the U.S. Securities and Exchange Commission sued crypto exchange Binance and its founder, Changpeng Zhao, alleging violations of securities laws. The SEC's complaint against the world's biggest cryptocurrency exchange listed 13 charges. Bitcoin , the world's biggest cryptocurrency was down 5.3% after falling to its lowest level since mid-March following the news. In a blog post, Binance said: "We intend to defend our platform vigorously," adding that "because Binance is not a U.S. exchange, the SEC's actions are limited in reach." Shares of rival crypto exchange Coinbase Global (COIN.O) were down 11.6%, while Blockchain farm operator Bitfarms Ltd stock was down 5.8%.

Persons: Changpeng Zhao, Bitcoin, Binance's cryptocurrency, Binance, Zhao, Sinéad Carew, Manya, Leslie Adler Organizations: U.S . Securities, Exchange Commission, SEC, Bitfarms, Inc, Marathon, Mining, BTC, MicroStrategy, Ebang, Canaan Inc, U.S . Commodity Futures, Commission, Manya Saini, Thomson Locations: U.S, Binance, New York, Bengaluru

☆ Opinion | New York Politicians Are Turning Away From the Housing Crisis
▼ + stars: | 2023-06-04 | by ( Mara Gay | ) www.nytimes.com time to read: +2 min

New York needs that plan, known as the Housing Compact, and hopefully Ms. Hochul can resurrect it over the coming year. In the coming days though, Ms. Hochul, Mr. Heastie and Ms. Stewart-Cousins can at least agree to policies that the governor has called “low-hanging fruit,” some of which could be achieved by executive order. Albany can also remove caps on the size of new residential buildings in New York City, paving the way for the higher density projects the city badly needs. New York City’s municipal government can do this, but it needs Mr. Adams’s help. At the Department of Homeless Services, more and better-trained workers are needed to help shelter residents apply for city housing vouchers, an onerous process that should be streamlined.

Persons: isn’t, Carl Heastie, Andrea Stewart, Cousins, Kathy Hochul, Hochul, Heastie, Stewart, Adams, Adams’s, Dave Giffen Organizations: Gov, City Hall, Legal, Department of Homeless Services, Coalition, Homeless Locations: Albany, New York, New York City

☆ Just what is phygital art, and why is Dubai going big on it?
▼ + stars: | 2023-05-29 | by ( Mark Tutton | ) edition.cnn.com time to read: +8 min

CNN —“Phygital art” may not be the most elegant phrase in the English language, but it is generating a buzz in certain circles. The Art Dubai international fair has a digital component exploring new media and technology trends, including phygital works. Separately, Christie's hosted its Art + Tech Summit at Art Dubai this year. Pablo del Val: Phygital works of art can also be NFTs, but a phygital work of art doesn’t necessarily need to be an NFT. Cedric Ribeiro/Getty Images Europe/Getty Images for Art DubaiWhy is phygital art important to you?

ImageFamily dramaHBO will release its last episode of “Succession” on Sunday. The fictional Roy family in “Succession” bears an uncanny resemblance to the Murdoch family. On the other was Wellington’s nephew, Tim Mara. Show credits could feature the Venetian blind that reportedly divided their stadium luxury suites at the height of their tension. The series would end in 1995 when Tim Mara, lacking any other recourse, sold his stake in the team.

☆ Opinion | The Wrong Way to Cut New York City’s Budget
▼ + stars: | 2023-05-19 | by ( Mara Gay | ) www.nytimes.com time to read: +1 min

After a decade-long spending spree and a devastating pandemic, New York City is now staring at three years of huge budget deficits, beginning with at least $4.2 billion in the year that starts in July of next year. Mayor Eric Adams, rightly, is trying to wring some savings from the city’s $106 billion budget. But rather than cut, New York City should increase its outreach and pay providers what they are owed. Frank Dwyer, a spokesman for the Department of Correction, said in a statement that the agency would provide the social services previously performed by contractors. But that could be difficult at the city’s jail complexes, which continue to suffer from violence and inmate deaths.

☆ Who is Sam Altman? The man behind ChatGPT is about to have his moment on Capitol Hill
▼ + stars: | 2023-05-15 | by ( Jennifer Korn | ) edition.cnn.com time to read: +9 min

New York CNN —For a few months in 2017, there were rumors that Sam Altman was planning to run for governor of California. Altman, the CEO and co-founder of OpenAI, the artificial intelligence company behind viral chatbot ChatGPT and image generator Dall-E, is set to testify before Congress on Tuesday. Maybe I’m wrong?’ Thank God someone with so much power has so much humility.”Others want Altman and OpenAI to move more cautiously. OpenAI co-founder & CEO Sam Altman speaks onstage during TechCrunch Disrupt San Francisco 2019 at Moscone Convention Center on October 03, 2019 in San Francisco, California. Similar generative AI technology is quickly finding its way into productivity and search tools used by billions of people.

☆ Crypto stocks drop after Binance halts bitcoin withdrawals for hours
▼ + stars: | 2023-05-08 | by ( Jaiveer Shekhawat | ) www.reuters.com time to read: +1 min

May 8 (Reuters) - Shares of cryptocurrency- and blockchain-related companies fell in early trading hours on Monday after Binance halted its bitcoin withdrawals for several hours due to heavy volumes and rising processing fees. The halts pushed bitcoin , the world's biggest cryptocurrency, down 2% to a one-week low of $27,900. Crypto miners including Riot Platforms (RIOT.O), Marathon Digital (MARA.O) and U.S.-listed shares of Hut 8 Mining (HUT.TO) declined between 5.3% and 6.6%, tracking lower bitcoin prices. The company said its set fees did not anticipate a recent surge in bitcoin-network gas fees - the payments made to crypto miners whose computing power processes transactions on the blockchain. Binance said in a tweet that the company had adjusted its fees to "prevent a similar recurrence".

☆ Crypto stocks fall after Binance halts bitcoin withdrawals for hours
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +1 min

May 8 (Reuters) - Shares of crypto currency- and blockchain-related companies fell in premarket trading on Monday after Binance halted its bitcoin withdrawals for several hours due to heavy volumes and rising processing fees. The halts pushed bitcoin , the world's biggest cryptocurrency, down 2% to a one-week low of $27,900. Crypto exchange Coinbase Inc (COIN.O) fell 4%, while blockchain-farm operator Bitfarms Ltd dropped 4.3%. Crypto miners including Riot Platforms (RIOT.O), Marathon Digital (MARA.O) and Hut 8 Mining (HUT.TO) declined between 4.6% and 7.2%, tracking lower bitcoin prices. The company said its set fees did not anticipate the recent surge in bitcoin-network gas fees - the payments made to crypto miners whose computing power processes transactions on the blockchain.

☆ Red metal rising: Argentina sets lofty sights on global copper top 10
▼ + stars: | 2023-05-08 | by ( Lucila Sigal | ) www.reuters.com time to read: +4 min

The South American country has a pipeline of copper projects that could produce 793,000 tonnes a year by the end of the decade, government forecasts show, well below neighboring No. Reuters GraphicsBRIDGING THE DEMAND GAPSan Juan is home to five of Argentina's eight main copper projects that have a total capex of $22 billion, a recent government report shows. Argentina has an estimated 65 million tonnes of copper reserves, according to a 2022 government report, some 3% of the global total. "The projects we have are of global importance and relevance because it's estimated that demand for copper between now and 2050 could be multiplied," he said. Copper demand is forecast to double to 50 million tonnes by 2050 from 2020 levels.

☆ Thousands of Afghans escaped the Taliban with the help of private veteran groups. Today, many remain in limbo in the UAE
▼ + stars: | 2023-05-07 | by ( Haley Britzky | ) edition.cnn.com time to read: +18 min

Several thousand were brought there by the State Department directly from Kabul and have since been relocated to the US or Canada. Consequently, thousands of Afghans evacuated by private groups were left in a legal limbo with seemingly no clear path to the US – or anywhere else. It was unclear whether that documentation is sufficient for what the State Department has required. The first two groups were evacuated from the Hamid Karzai International Airport in Kabul in August 2021 by both the State Department and private groups working independently. In her responses to CNN, Tekach said the State Department “had limited information” about refugees who came on those separate flights.

When you buy through our links, Insider may earn an affiliate commission. Our moms deserve everything in the world, but if you're on a budget — or your mom balks at expensive gifts — you might be on the hunt for Mother's Day gift ideas that makes every dollar count. We know that finding affordable Mother's Day gifts that don't look and feel cheap can be tough, so we rounded up a great array of ideas. These under $25 gifts are thoughtful yet friendly on the wallet. For more ideas and inspiration, check out our guides on the overall best gifts for mom, the best Mother's Day gifts under $50, and the best Amazon Prime Mother's Day gifts.

When you buy through our links, Insider may earn an affiliate commission. Our moms deserve everything in the world, but if you're on a budget — or your mom balks at expensive gifts — you might be on the hunt for something that makes every dollar count. We know that finding affordable Mother's Day gifts that don't look and feel cheap can be tough, so we rounded up a great array of ideas. From the fun and light-hearted gifts to ones that could just make her cry, these under $25 gifts are thoughtful yet friendly on the wallet. 21 of the best Mother's Day gifts under $25 in 2023:

☆ Stream These 6 Titles Before They Leave Netflix in May
▼ + stars: | 2023-04-28 | by ( Jason Bailey | ) www.nytimes.com time to read: +2 min

This month’s mix of titles leaving Netflix in the United States include two coming-of-age comedy dramas, a twisty thriller throwback, a wrenching Holocaust documentary and two uproarious comedies (one of them smuggled into an animated family film). Give them a stream before they’re gone. (Dates reflect the last day a title is available.) (It was the early 2010s, so there is also a healthy dose of villainy for the health-care and pharmaceutical industries.) Stream it here.

☆ Up in smoke: New York State set to ban natural gas in new buildings
▼ + stars: | 2023-04-28 | 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 EmailUp in smoke: New York State set to ban natural gas in new buildingsHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. State Sen. Jabari Brisport (D-N.Y.) and State Sen. Thomas O’Mara (R-N.Y.) discuss New York State's move to ban natural gas in new buildings.

☆ Tyson Foods to eliminate 10% of corporate jobs - memo
▼ + stars: | 2023-04-26 | by ( Tom Polansek | ) www.reuters.com time to read: +2 min

CHICAGO (Reuters) - Tyson Foods Inc will eliminate about 10% of corporate jobs and 15% of senior leadership roles, Chief Executive Donnie King told employees on Wednesday. FILE PHOTO: The logo of Tyson Foods is seen in Davos, Switzerland, May 22, 2022. The eliminated roles in senior leadership are mostly vice presidents and senior vice presidents, a company spokesperson said. Some corporate employees already left the company after Tyson said in October it was relocating all corporate jobs to its headquarters in Springdale, Arkansas. However, the 10% reduction in corporate roles is not related to the relocation, a Tyson spokesperson said.

☆ Tyson Foods to eliminate 10% of corporate jobs -memo
▼ + stars: | 2023-04-26 | by ( Tom Polansek | ) www.reuters.com time to read: +2 min

CHICAGO, April 26 (Reuters) - Tyson Foods Inc (TSN.N) will eliminate about 10% of corporate jobs and 15% of senior leadership roles, Chief Executive Donnie King told employees on Wednesday. Discussions with most affected employees are slated to take place this week, King said in a memo to employees seen by Reuters. The eliminated roles in senior leadership are mostly vice presidents and senior vice presidents, a company spokesperson said. Some corporate employees already left the company after Tyson said in October it was relocating all corporate jobs to its headquarters in Springdale, Arkansas. However, the 10% reduction in corporate roles is not related to the relocation, a Tyson spokesperson said.

☆ Chinese Censorship Is Quietly Rewriting the Covid-19 Story
▼ + stars: | 2023-04-23 | by ( Mara Hvistendahl | Benjamin Mueller | ) www.nytimes.com time to read: +1 min

The study was cited in health warnings around the world and appeared to be a model of international collaboration in a moment of crisis. Within days, though, the researchers quietly withdrew the paper, which was replaced online by a message telling scientists not to cite it. A few observers took note of the peculiar move, but the whole episode quickly faded amid the frenzy of the coronavirus pandemic. Instead, it was withdrawn at the direction of Chinese health officials amid a crackdown on science. That effort kicked up a cloud of dust around the dates of early Covid cases, like those reported in the study.

☆ Mexico nabs, swiftly deports MS-13 gang leader to El Salvador
▼ + stars: | 2023-04-18 | by ( ) www.reuters.com time to read: +2 min

Jose Wilfredo Ayala, 55, was arrested after a tip from a neighbor, according to the Mexican capital's security ministry. The ministry said it had discovered Ayala - believed to be second-in-command of the gang commonly known as MS-13 - was using a false identity and hiding in Mexico City and in two areas a short drive north in Hidalgo state. An official with Mexico's national immigration institute INM told Reuters later on Tuesday that Ayala had already been deported to his native El Salvador, but did not provide further detail. El Salvador's justice and security ministry did not immediately respond to a request for comment on Ayala's capture. Reporting by Nelson Renteria in San Salvador; Additional reporting by Lizbeth Diaz in Mexico City; Writing by Brendan O'Boyle; Editing by David Alire Garcia and Lincoln FeastOur Standards: The Thomson Reuters Trust Principles.

April 18 (Reuters) - Beleaguered bitcoin miners are finally feeling the spring sunshine after a cold, hard crypto winter. At the current bitcoin price, these companies' cash flows have substantially improved and most of them should have no problem paying their obligations," said Jaran Mellerud, analyst at bitcoin mining services company Luxor. Bitcoin mining is the process by which a network of computers validates a block of transactions on the blockchain. "The bitcoin price increase has bought these companies time, but it would be detrimental for these companies if it were to fall back down to $20,000," he said. A rapid rise in power prices or a fast fall in bitcoin could usher in a new cold spell.

☆ Wall St ends mixed as inflation data comes into focus
▼ + stars: | 2023-04-11 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

The bellwether S&P 500 ended essentially unchanged. "With huge inflation data tomorrow, Fed minutes coming out soon and earnings right around the corner, traders are taking a wait and see approach to see how the inflation data comes in." Analysts expect aggregate first-quarter S&P 500 earnings falling 5.2% year-on-year, a stark reversal from the 1.4% annual growth seen at the beginning of the quarter. Among the 11 major sectors of the S&P 500, communication services (.SPLRCL) and tech (.SPLRCT) ended in the red, while energy (.SPNY) and financials (.SPSY) enjoyed the largest percentage gains. The S&P 500 posted nine new 52-week highs and no new lows; the Nasdaq Composite recorded 64 new highs and 118 new lows.

☆ S&P 500 edges higher as investors look to CPI
▼ + stars: | 2023-04-11 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

With a lack of market moving catalysts, investors looked ahead to Wednesday's consumer price index (CPI) for any evidence that the long, slow inflation cooldown continues. Beyond CPI, investors are eyeing first-quarter reporting season, which surges from the starting gate this Friday with results from three major banks, Citigroup Inc (C.N), JPMorgan Chase & Co (JPM.N) and Wells Fargo & Co (WFC.N). Analysts expect aggregate first-quarter S&P 500 earnings falling 5.2% year-on-year, a stark reversal from the 1.4% annual growth seen at the beginning of the quarter. Among the 11 major sectors of the S&P 500, energy (.SPNY) and materials (.SPLRCM) were enjoying the biggest percentage gains, while communication services (.SPLRCL) and tech (.SPLRCT) were in the red. The S&P 500 posted eight new 52-week highs and no new lows; the Nasdaq Composite recorded 56 new highs and 86 new lows.

Hopes that the Fed will soon end its aggressive monetary policy tightening campaign spurred a rebound in the S&P 500 this month after the collapse of two U.S. mid-sized lenders sparked a selloff in March. Analysts expect first-quarter profits at S&P 500 companies to fall 5.2% year-on-year, the worst contraction since the third quarter of 2020 and a stark reversal from the 1.4% annual growth forecast at the beginning of the year, according to Refinitiv IBES data. Remarks later on Tuesday from voting members of the Fed's rate-setting committee will be parsed for more clues on the central bank's policy moves. Seven of the 11 major S&P sectors rose, with gains in material (.SPLRCM) and energy (.SPNY) shares offsetting losses in technology (.SPLRCT) stocks. The S&P index recorded six new 52-week highs and no new lows, while the Nasdaq recorded 43 new highs and 72 new lows.

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