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The FTC says Amazon used a tool to predict where it can raise prices and have rival sites follow suit. The company used it to predict where it can raise prices and have other shopping sites follow suit. Amazon activated the algorithm to raise prices on some products, and when other sites followed its lead, it kept the elevated prices in place, the agency said. The agency said Amazon deployed Project Nessie in 2014 and has turned it on and off at least eight times between 2015 and 2019. In 2018 alone, Amazon used the algorithm to set prices for items that were viewed more than 400 million times by shoppers, according to the complaint.
Persons: , Tim Doyle, Doyle, Jason Del Ray, Nessie, Jeff Bezos Organizations: Federal Trade Commission, Amazon, FTC, Service, Wall Street Journal, Nessie
CNN —The heads of most animals are easily identifiable, but scientists haven’t been able to say the same for sea stars until now. But new genetic research suggests the opposite — that sea stars are largely heads that lack torsos or tails and likely lost those features evolutionarily over time. There, they go through a process that transforms a bilateral body into a star shape, or pentaradial body. But echinoderms also share a common ancestor with bilateral animals, which adds to the puzzle researchers are trying to solve. Specific molecular markers act like body plan blueprints, directing each cell to the body region where it belongs.
Persons: haven’t, It’s, , Laurent Formery, “ It’s, Christopher Lowe, Jeff Thompson, , ” Lowe, Formery, Chan Zuckerberg, Dr, Priscilla Chan, Mark Zuckerberg, Laurent Formery “, ” Thompson, Daniel Rokhsar Organizations: CNN, Stanford University, University of California, University of Southampton, NASA, National Science Foundation, Leverhulme Trust Locations: Berkeley, San Francisco
The firm estimates fair value based on its projection of a company's future cash flows and the predictability of those flows. The best opportunities are now in value stocks that are trading at about a 22% discount to fair value, Sekara noted. Currently, the real estate sector is the most undervalued sector, with REITs trading at a 26% discount to fair value, Sekara said. Finally, American Tower (AMT), which owns and operates wireless and broadcast communications infrastructure, trades at a 24% discount to fair value. Two other five-star stocks that remain significantly undervalued are AT&T and Verizon, trading at a 35% discount to fair value.
Persons: Morningstar's Preston Caldwell, Caldwell, Dave Sekara, Sekara, Wells Organizations: Treasury, Morningstar, Simon Property Group, Realty Trust, Communications, Verizon, Citigroup, PNC, US Bank
Hong Kong CNN —China’s massive manufacturing sector has contracted once again amid weak demand, fueling calls for stronger policy support to boost growth. Fewer working days in October due to the Golden Week holiday, which spanned September 29 to October 6, affected the manufacturing PMI, according to the NBS. “The unexpected decline of manufacturing PMI shows the recovery in China is a bumpy road as domestic demand is still quite weak,” said Zhiwei Zhang, president and chief economist for Pinpoint Asset Management. The NBS survey showed that new factory orders declined in October from the previous month, pointing to a drop in demand. Overall, “the weak PMI reinforces the case for stronger fiscal policy support,” Zhang said.
Persons: , Zhiwei Zhang, ” Zhang, Xi Jinping, , Zhaopeng Xing Organizations: Hong Kong CNN, National Bureau of Statistics, PMI, Nomura, Authorities, ANZ Research, Bank of Locations: Hong Kong, China, Beijing, Hangzhou, Liuzhou, Bank of China
"The reality is that it's extremely dangerous to be flying battlefield drones," a commander said. The pilot's commander told the outlet that the Russians have implemented a 10 km "no-tank zone" behind the front to better protect the equipment. "A lot of people want to become drone pilots because they think the work is further back and safer," one front-line commander told the outlet. In addition to making drone pilots sought-after targets, the war's reliance on drone warfare has also forced both sides to adapt in real time; equipment that can detect and defend against electronic warfare has become a necessity on the battlefield. AdvertisementAdvertisement"If your cover is poor, then you are likely a dead man," a drone pilot operating in the Zaporizhia province, told The Economist.
Persons: , they've, Verbove Organizations: Service, Economist, Bradley Fighting Vehicles Locations: Russia, Ukraine, Ukrainian, Russian, Ukraine's, Zaporizhia
Outbursts of antisemitism have often been harbingers of societies in deep trouble and omens that extremism and violence are imminent. Biden on Monday unveiled new measures to tackle antisemitism on college campuses and senior officials underscored the need to combat anti-Jewish hate. A widening problem in the United StatesIn recent years, antisemitism has often been driven in the United States by far-right groups. But reaction to the deepening crisis in Israel and Gaza has shown that antisemitism is also boiling on the far-left. Senate Majority Leader Chuck Schumer on Monday tried to pinpoint the moment at which opposition to Israeli policies crosses into antisemitism.
Persons: , Israel, Kathy Hochul, Cornell, Molly Goldstein, , , United States —, Joe Biden, Biden, ” John Kirby, Christopher Wray, ” Wray, Donald Trump, Israel’s, Chuck Schumer, Monday, “ I’m, ” Jonathan Greenblatt, Kasie Hunt, CNN Max, Organizations: CNN, Cornell University, Ivy League, Cornell, Police, New York Gov, Democrat, Cornell Center for Jewish, Beverly Hills, National Security, Jewish American, Israel Defense Forces, Defamation, ADL, Department of Justice, West Bank, New York Democrat, Defamation League Locations: Gaza, United States, New York, Israel, Beverly, Europe, America, Russia’s, Dagestan, Ukraine, al Qaeda, United States of America, Charlottesville , Virginia, Palestinian, Chicago, “ State, Russia
He encourages skeptical taxpayers to look at universal basic income from the same "selfish point of view." Among those who received a basic income in Stockton, California, the unemployment rate dropped by nearly 50%. With more data at hand than theoretical projection, the evidence is overwhelming: Universal basic income is working nearly universally. Promising as these pilot programs are, the chances of a truly universal basic income in America remain remote. As for Tydricka Lewis, basic income afforded her the latitude to start her own nonprofit.
Persons: Tydricka Lewis, she'd, Lewis, North Carolina's, Jack Dorsey, Durham, Dorsey, Mark, Anthony Middleton, Middleton's, it's, Thomas Paine, Huey Long, George McGovern, Andrew Yang, Anna Jefferson, Nick Otto, Jefferson, Middleton, StepUp, UBI, we've, Michael Venutolo, Condé Organizations: North Carolina Central University , Durham, Abt Associates, University of Pennsylvania, Durham's, Excel, KFC, Generation Movement, Durham Bulls, The New York Times, National Geographic, Wired Locations: Durham, North, America, Black, New York City, Denver, Stockton , California, Los Angeles, Baltimore, Columbia, South Carolina, Birmingham , Alabama, Gainesville , Florida, Florida, Gainesville, AFP, Durham County, Washington, Chapel Hill , North Carolina
We are thought to be the country of the American dream, [where] once you start from the bottom, you move to the top. Measures of mobilityThere are two measures of mobility: relative and absolute. "We have less [relative] mobility in this country than we do in other developed nations, especially in Europe and developing European countries. "We are thought to be the country of the American dream, [where] once you start from the bottom, you move to the top. The U.S. only ranks behind England for having the world's highest university tuition fees, according to data from the OECD.
Persons: Friedman, John Friedman, that's, It's, haven't, Kreg Steven Brown, Brown, Juan Palomino, there's, Susan Thompson Buffett Organizations: Opportunity, Brown University, Harvard University, . Census Bureau, World Bank, U.S, Washington Center for Equitable, Universidad Complutense de Madrid, England, OECD, Susan Thompson Buffett Foundation, Biden Locations: Dallas, Texas, U.S, Europe, Denmark, China, South Africa, Morocco, American, Germany, Canada, Japan, France, Scandinavian, Nebraska
I asked a financial therapist how to get past my money anxiety. That's why I decided to meet with financial therapist Dr. Erika Rasure , to figure out how I can handle anxieties I have around making crucial money decisions. "Two common money scripts are 'I don't deserve money' and 'there is never enough money.' "Identify the fear, figure out what triggers it, and then choose an action that you're comfortable with," Dr. Rasure said. "Being flexible and creative, along with being authentic and vulnerable, can keep lines of communication open and reduce the likelihood that resentment will build up," Dr. Rasure said.
Persons: , Erika Rasure, Rasure, spender, I've, doesn't, We've Organizations: Service
ET, the yield on the benchmark 10-year Treasury note was down around 2.4 basis points at 4.8145% while the yield on the 30-year Treasury bond slipped just over 3 basis points to 4.9559%. U.S. Treasury yields continued to moderate on Tuesday after slipping back below 5%, though they remained near 16-year highs. Yields fell after Pershing Square's Bill Ackman on Monday disclosed that he had covered his bond short position. Markets are all but certain that the Fed funds target range will remain unchanged next week, according to CME Group's FedWatch tool. Auctions will be held Tuesday for $75 billion of 42-day Treasury bills and $51 billion of 2-year notes.
Persons: Pershing, Bill Ackman, Ackman, Jim Reid, Reid, Jerome Powell, Powell Organizations: Treasury, Deutsche Bank, Treasurys, Federal Locations: London
Future Publishing | Future Publishing | Getty ImagesBEIJING — China on Tuesday took steps toward easing financing conditions for local governments, which have been at the crux of recent economic difficulties. The central government said it formalized a process allowing local governments to borrow funds for the year ahead — starting in the preceding fourth quarter, according to an announcement published by state media. The measure was adopted at a meeting of the National People's Congress Standing Committee, according to state media. The move helps stabilize fiscal policy, said Xu Hongcai, deputy director of the Economics Policy Commission at the China Association of Policy Science. On Tuesday, Chinese authorities also announced the issuance of 1 trillion yuan ($137 billion) in government bonds for natural disaster relief, according to state media.
Persons: , Xu Hongcai, Zhiwei Zhang Organizations: Workers, Future Publishing, Getty, State Council, National, China Association of Policy, CNBC, International Monetary Fund, IMF, Xinhua Locations: Suzhou, China's Jiangsu, BEIJING, China
CNN —Lunar dust collected by Apollo 17 astronauts in the 1970s has revealed that the moon is 40 million years older than previously believed. After landing on the moon on December 11, 1972, NASA astronauts Eugene Cernan and Harrison Schmitt collected rocks and dust from the lunar surface. A new analysis of that sample detected zircon crystals and dated them to 4.46 billion years old. “When the surface was molten like that, zircon crystals couldn’t form and survive. A lunar zircon grain is shown under a microscope.
Persons: Eugene Cernan, Harrison Schmitt, , Philipp Heck, Robert A, Heck, Bidong Zhang, Zhang, Audrey Bouvier, Jennika Greer, Greer, they’re, ” Heck, , ” Greer, Dieter Isheim Organizations: CNN, Apollo, NASA, Polar Studies, Field, Research Center, University of Chicago, University of California, Bayreuth University, University of Glasgow, Northwestern University, Field Museum, Northwestern University Center, Atom Locations: Chicago, Los Angeles, Germany, Evanston , Illinois
The last Gaza war in 2021 saw sometimes violent pro-Palestinian protests among the Arab citizens who make up 21% of Israel's population. Israeli police have arrested dozens of Arab citizens on suspicion of incitement and support for Hamas, based on social media posts. An additional measure has been the setting up of volunteer security squads to patrol the streets and back up police. Shabtai said security squads would be subordinate to police. "It is good that there will be a lot of security squads and force, but caution must be exercised with this," he said.
Persons: Ammar Awad, Israel's, Kobi Shabtai, Itamar Ben, Gvir, Shabtai, Ben, Eliezer Rosenbaum, Naella, Dan Williams, David Holmes Organizations: REUTERS, Rights, West Bank, Hamas, Thomson Locations: Old City, Jerusalem, Israel, Gaza, Lebanese, Haifa
Tsai predicts that AI will one day help doctors analyze complicated genetic data — a hallmark of precision medicine. Together, AI imaging and genetic analysis may help doctors rapidly pinpoint a diagnosis and create a highly personalized treatment plan, thus improving a patient's care. AI and the potential for genetic analysisIn addition to medical imaging, AI could one day comb through large amounts of genetic information, a challenging task for researchers. A possible convergence in the clinicWang does not see combining AI imaging and AI genetic analysis at the doctor's office happening within the next couple of years. Chang and his colleagues are investigating how AI analysis of brain scans can predict genetic mutations in brain tumors.
Persons: James C, Tsai, Peter D, Chang, Zhenghe J, Wang Organizations: Healthcare, Morning, Center, Ophthalmic Artificial Intelligence, Human, Icahn School of Medicine, US Food and Drug Administration, Applied, Research, University of California, Case Western Reserve University Locations: Mount, Irvine
ON TRACK FOR GOVT GDP TARGETThe recovery momentum suggests the government's full year 2023 growth target of around 5.0% is likely to be achieved. The key issue is what growth target the government will set and how much fiscal easing will take place." The statistics bureau said China would be able to hit the 2023 growth target if the fourth quarter growth tops 4.4%. Moody's Analytics has also raised its 2023 growth projection to 5% from 4.9%. The faltering property sector has hit some of the biggest developers in the country.
Persons: Matt Simpson, Zhiwei Zhang, Tingshu Wang, Frederic Neumann, Louise Loo, Ellen Zhang, Joe Cash, Kevin Yao, Shri Navaratnam Organizations: Gross, National Bureau, Statistics, Reuters, Index, New, REUTERS, Nomura, JPMorgan, Analysts, Country Garden Holdings, HK, Global Research, HSBC, Oxford Economics, Monetary Fund, Thomson Locations: BEIJING, Brisbane, U.S, Beijing, China, New Zealand, Asia
On a quarter-by-quarter basis, GDP grew 1.3% in the third quarter, accelerating from a revised 0.5% in the second quarter and above the forecast for growth of 1.0%. "It seems that all of that stimulus is finally beginning to take effect, with a broad beat from growth, retail sales, industrial production and unemployment," said Matt Simpson, senior market analyst at City Index in Brisbane. The economy faltered in the second quarter after a brief post-COVID recovery, dragged by a property downturn and huge debt due to a decades-long infrastructure binge. The recovery momentum suggests the government's full year 2023 growth target of around 5.0% is likely to be achieved. Growth of retail sales, a gauge of consumption, also beat expectations, rising 5.5% last month, and accelerating from a 4.6% increase in August.
Persons: Tingshu Wang, Matt Simpson, Zhiwei Zhang, Ellen Zhang, Joe Cash, Kevin Yao, Shri Navaratnam Organizations: REUTERS, Gross, National Bureau, Statistics, Index, Analysts, Thomson Locations: Beijing, China, BEIJING, Brisbane
Among the evidence that’s been gathered is a blast analysis that suggests it was a ground explosion rather than an airstrike that hit the hospital, one of the sources said. That analysis is one datapoint that’s led intelligence officials to lean toward assessing that the attack on the hospital was a rocket launch gone wrong. Still, the blast analysis is just one of the things being examined by the intelligence community, which has surged intelligence collection assets to the region. US intelligence officials have not made a final assessment and are still gathering evidence, the officials said. Not long after landing in Israel on Wednesday, Biden weighed in on who was behind the strike on the hospital.
Persons: Israel “, Joe Biden’s, Adrienne Watson, ” Watson, that’s, Biden, ” Biden, Benjamin Netanyahu, , Israel, Daniel Hagari, “ I’m, Jim Himes, Mick Mulroy, Mulroy, Mark Hertling, ” Hertling, it’s “, ” “, , We’re, , Rishi Sunak, ” Sunak, It’s Organizations: CNN, National Security Council, Palestinian, NSC, Islamic, Wednesday, Israeli, Defense Department, , Israel Defense Forces, House Intelligence, Capitol, Defense, CIA, intel, Hamas Locations: Gaza, Israel, States, Jim Himes of Connecticut, Al, Ahli, Iran
La Vigna di Leonardo – or Leonardo’s Vineyard – is said to be what remains of the Milan vineyard owned by Leonardo da Vinci. He bought the Casa degli Atellani – two 15th-century conjoined houses in whose back garden the vineyard sits – in December 2022. The land Da Vinci fought forThe Casa degli Atellani has been bought by billionaire Bernard Arnault. But da Vinci didn’t forget his vineyard, writing notes about it in his “Codex Atlanticus” and successfully arguing for its return to him in 1507. “I hope the Casa degli Atellani and Leonardo da Vinci’s vineyard will remain open to the public,” she said.
Persons: we’ll, Stanley Tucci, Leonardo –, , Leonardo da Vinci, delle, Vinci, Bernard Arnault, Arnault, Louis Vuitton, Moët Hennessy, Da Vinci, Ludovico ‘ Il Moro ’ Sforza, Sforza, , It’s, Leonardo, Luca Beltrami waded, Beltrami, da Vinci, Piero Portaluppi, Francesca Grignaffini, Atellani, Leonardo itineraries, wasn’t, Italy ’, LVMH, Francesca Caruso, she’s, Leonardo da, “ I’ve, Milan Organizations: CNN, intel, Louis, Casa, Independent, Agency, Alamy Locations: Milan, Santa, da Vinci, France, candia, Italy, Arnault, LVMH, Lombardy
Anthony Davis, #3 of the Los Angeles Lakers, drives to the basket during the game against the Milwaukee Bucks at Crypto.com Arena in Los Angeles on Oct. 15, 2023. With the National Basketball Association season tipping off next week, StubHub sees ticket sales up nearly 60% compared to last year, with the Los Angeles Lakers returning to the top of the list as the most in-demand team. The ticket exchange's annual NBA preview breaks down the company's projections for the upcoming basketball season based on years of data, according to spokesperson Adam Budelli. Across the board, Budelli told CNBC that all teams are seeing an encouraging rise in demand this season, with international interest surging. Those international sales will be up 120% from last season, StubHub predicted, with the most popular countries attending NBA games including Australia, the United Kingdom and Brazil.
Persons: Anthony Davis, StubHub, Adam Budelli, Budelli, Nikola Jokić, Giannis Antetokounmpo, Victor Wembanyama Organizations: Los Angeles Lakers, Milwaukee Bucks, Crypto.com Arena, National Basketball Association, CNBC, NBA, Denver Nuggets, San Antonio Spurs Locations: Los Angeles, Australia, United Kingdom, Brazil
Soh Jun Hao and Grace Lim bought their public housing apartment in Singapore right before the pandemic. They viewed 16 apartments in 3 days and came across their forever home by chance. HaosofGraceIt took them 16 apartment viewings to find their dream home, which wasn't even on their initial list. A screengrab from Google Maps Street View showing the couple's apartment block. Amanda Goh/InsiderThe couple's apartment faces a park, and the view from their living room is hard to beat.
Persons: Soh Jun Hao, Grace Lim, , Jun Hao, they've, Lim, Amanda Goh, " Lim, Soh, Lim's grandmother's, it's Organizations: Service, Housing Development Board, Google Locations: Singapore, Tampines
China's consumer prices stall, factory deflation persists
  + stars: | 2023-10-13 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Tingshu Wang/File photo Acquire Licensing RightsBEIJING, Oct 13 (Reuters) - China's consumer prices faltered and factory-gate prices shrank slightly faster than expected in September, with both indicators showing persistent deflationary pressures in the world's second-largest economy. "The damage from the property sector slowdown on consumer confidence continues to weigh on household demand." Food prices dropped 3.2% from a year earlier, extending a decline by 1.5 percentage points from August and dragging down the CPI. While signs are emerging that China's economy is stabilising, concerns over the sustainability of the recovery persist. China's property sector has yet to emerge from a deep slump despite a raft of policy support measures.
Persons: Tingshu Wang, Economists, Zhiwei Zhang, Qiaoyi Li, Ellen Zhang, Ryan Woo, Sam Holmes Organizations: REUTERS, Rights, National Bureau of Statistics, Reuters Graphics, CPI, IMF, Central Huijin Investment, Thomson Locations: Beijing, China, Rights BEIJING
CNBC Daily Open: Inflation reports take center stage
  + stars: | 2023-10-13 | by ( Shreyashi Sanyal | ) www.cnbc.com   time to read: +2 min
In this article JPMCWFCGOOGL Follow your favorite stocks CREATE FREE ACCOUNTA pedestrian passes a Wall Street subway station near the New York Stock Exchange (NYSE) in New York, U.S., on Monday, June 27, 2022. Photographer: Michael Nagle/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. This pushed U.S. markets lower, renewing fears of what lies next for the Federal Reserve, which has stuck to its goal of 2% inflation. Investors may now want to take a deep breath to brace themselves before the barrage of earnings reports take markets by storm.
Persons: Michael Nagle, Steven Blitz, Zhiwei Zhang Organizations: New York Stock Exchange, Bloomberg, Getty Images Bloomberg, Getty, CNBC, Labor Department, Federal Reserve, GlobalData, JPMorgan Chase, Citigroup, Wells, Bank Locations: New York, U.S
Ambitious research yields new atlas of human brain cells
  + stars: | 2023-10-12 | by ( Will Dunham | ) www.reuters.com   time to read: +5 min
The human brain is complex in terms of its utility - sensing, moving, reading, writing, speaking, thinking and more - and its cellular diversity. The research identified 3,313 cell types, roughly 10 times more than previously known, and the complete set of genes used by each cell type while also mapping their regional distribution in the brain. "The brain cell atlas as a whole provides the cellular substrate for everything that we can do as human beings," said neuroscientist Ed Lein of the Seattle-based Allen Institute for Brain Science, one of the researchers. The various cell types have distinct properties and are likely affected differently in disease, Lein said. "We are only at the very beginning of delineating the complexity of the human brain," said another of the researchers, Bing Ren, director of the University of California, San Diego Center for Epigenomics.
Persons: Denis Balibouse, Ed Lein, Lein, Trygve Bakken, Bing Ren, Will Dunham, Rosalba O'Brien Organizations: Belle Idee University, REUTERS, Rights, U.S, government's National Institutes of Health, Census Network, Allen Institute for Brain Science, Allen, University of California, San Diego Center for Epigenomics, Thomson Locations: Neuropsychiatry, Chene, Bourg, Geneva, Seattle
Israel Police announced the freezing of cryptocurrency accounts belonging to Hamas. It said it worked with Binance to locate and freeze the accounts. AdvertisementAdvertisementIsrael froze cryptocurrency accounts belonging to Hamas, with the cooperation of Binance, Israeli police announced on Tuesday. It is also unclear how many accounts were frozen or what the value of the cryptocurrencies in them was. A spokesperson for Binance told Insider in a statement that its team had been "working in real time, around the clock, to support ongoing efforts to combat terror financing."
Persons: Binance, Organizations: Israel Police, Service, Israel, . Israel Police, Cyber, Ministry of Defense, Israeli Security Agency, Reuters, Street Journal, BitOK Locations: Israel, cryptocurrency
LONDON, Oct 10 (Reuters) - Israel has frozen cryptocurrency accounts used to solicit donations for the Palestinian militant group Hamas on social media, police said on Tuesday. Hamas launched devastating attacks from Gaza into Israel on Saturday, in one of the most serious escalations in the Israel-Palestinian conflict in years. The statement did not give further details of how many accounts were frozen, nor the value of crypto seized. "The data we use to pinpoint individuals, addresses, and infrastructures associated with specific organisations stems from intelligence provided by law enforcement and investigative tools we, and our partners, have developed." Reuters reported in May that Israel had seized around 190 crypto accounts at Binance since 2021, including two it said were linked to Islamic State and dozens it said were owned by Palestinian firms connected to Hamas.
Persons: Israel, Binance, Henriette Chacar, Tom Wilson, Nidal, Elizabeth Howcroft, Nick Macfie Organizations: Cyber Unit, Ministry of Defense, Reuters, Hamas, Islamic, Thomson Locations: Israel, Gaza, Binance, Islamic State, Jerusalem, London
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