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☆ BlackRock expands its tokenized money market fund to Polygon and other blockchains
▼ + stars: | 2024-11-13 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

The BlackRock logo is pictured outside the company's headquarters in the Manhattan borough of New York City on May 25, 2021. BlackRock has expanded its tokenized money market fund to include several more blockchains. The investment manager said Wednesday that its USD Institutional Digital Liquidity Fund (BUIDL) is now available to investors on the Aptos; Arbitrum; Avalanche; OP Mainnet, formerly known as Optimism; and Polygon blockchains. The BUIDL fund, which BlackRock debuted two months after iShares Bitcoin Trust, its popular bitcoin exchange-traded fund, gives investors an opportunity to earn U.S. dollar yields through a blockchain-based vehicle. The BUIDL fund is tokenized by Securitize, a company BlackRock has invested in that specializes in the tokenization of real-world assets.

Persons: iShares, Robert Mitchnick, Donald Trump's, Trump, Biden, Coinbase Organizations: Institutional, Avalanche, Ethereum, BlackRock, U.S, Metrics, U.S . Securities, Exchange Commission, SEC, Binance Locations: BlackRock, Manhattan, New York City, cryptocurrencies

☆ These Americans are trying to make ‘underconsumption core’ trendy
▼ + stars: | 2024-09-07 | by ( Krystal Hur | ) edition.cnn.com time to read: +8 min

Enter underconsumption core, or a lifestyle that involves using just a small rotation of things for years rather than chasing the latest trend. Users are posting videos on TikTok showing off their underconsumption core lifestyles, with many receiving hundreds of thousands of likes. Experts say the underconsumption core trend isn’t just about maintaining a budget or wanting to get rid of stuff. Still, Americans are spendingDespite the underconsumption core trend’s popularity, spending in the US remains strong overall. Suzanne Lambert, a 32-year old consultant based in Virginia, says she canceled her subscription to a beauty box after watching underconsumption core videos.

Persons: “, ”, Megan Doherty Bea, Bea, Stanley, Diana Wiebe, Wiebe, ’ ”, Nikki Baird, Katrina Leibee, Leibee, ♬, Norah Jones Eleanor, Eleanor, June’s, Suzanne Lambert, Lambert, Scott Rick, Rick Organizations: New, New York CNN, University of Wisconsin - Madison, Savings, Kohl’s, ‘, Denver, CNN, Commerce Department, University of Michigan’s Ross School of Business Locations: New York, United States, Ohio, Utah, West Africa, Arlington , Virginia, Virginia

☆ Microsoft Word’s Subtle Typeface Change Affected Millions. Did You Notice?
▼ + stars: | 2024-02-28 | by ( Victor Mather | ) www.nytimes.com time to read: 1 min

When you read — a book, a traffic sign, a billboard, this article — how much do you really notice the letters? But even if you don’t really notice them, you might sense it if something has subtly changed. That’s a feeling some people have had in recent weeks when they turn on their Microsoft Word programs. After 17 years of Calibri as Word’s default typeface, many users suddenly found themselves typing in a new typeface called Aptos. Letters are letters, but for designers and typography fans, they matter a lot.

Persons: ”, Jon Friedman Organizations: Microsoft

☆ Why the Microsoft default font change from Calibri to Aptos upset some users
▼ + stars: | 2024-02-22 | by ( Catherine E. Shoichet | ) edition.cnn.com time to read: +11 min

The default font in her Word document was different, even though she hadn’t done anything to change it. Some die-hards even expressed their continued devotion to Times New Roman, the default font Calibri unseated in 2007. Is it arguably somewhat ridiculous to get worked up over a font change? pic.twitter.com/fV9thfdAr4 — Microsoft (@Microsoft) April 28, 2021The company has said the advent of higher resolution screens was a big factor behind their search for a successor. What’s going on?’”A graphic released by Microsoft detailing its new default font, Aptos.

Persons: Stef Luthin squinted, “, ” Luthin, Luthin, she’d, ’ ” Luthin, Calibri, —, — –, ”, she’s, “ I’ve, Thomas Phinney, Elle Cordova, ” Aptos, ” Calibri, ” Cordova, Steve Matteson, Cordova, Siri, Alexa, Aptos, “ We’ve, we’ve, Matteson, Carl Kasell, Stephen Colbert, Phinney, ” Phinney, he’s, What’s, Luthin’s TikTok, Joel Payne, Payne, who’s, Katherine Stockton, “ Aptos, it’s, There’s, they’ll, we’ll Organizations: CNN, Microsoft, Times, Aptos, YouTube, LinkedIn Locations: Chicago, ”, —, California, Colorado, Santa Cruz , California, Vancouver , British Columbia, Cambridge, England, Stockton, who’s

☆ Boxabl customers tired of waiting for their tiny homes ask for their deposits back as a cash crunch looms
▼ + stars: | 2024-02-22 | by ( Daniel Geiger | Alex Nicoll | ) www.businessinsider.com time to read: +12 min

While most of those customers say they have received their money, some said their refund requests were disputed or ignored. Two-thirds, or 23, of those people said they had asked to be refunded, or were going to ask Boxabl for their money back. Boxabl said it recently received approval to sell its homes in Arizona and is close to receiving similar clearances in California and Nevada. Amid its own dwindling cash supply, Boxabl has recently appeared less willing to grant refunds to some depositors who want out. When he sent an email in January to Boxabl asking for a refund, the company declined his request.

Persons: —, Boxabl, Dan Pena, Pena, Chris Armbruster, Gary Palmer, Palmer, He's, Galiano Tiramani, Zach Punnett, Punnett, Tiramani, What's, Paolo, Boxabl Galiano, Paolo Tiramani, Peers, Helene, Ali Faraji, Faraji, wouldn't Organizations: Service, North Las, Business, Securities and Exchange Commission, SEC, Oklahoma City, Archdiocese, Regulators, Tesla Plaid Locations: North Las Vegas, California, Los Angeles, Joshua Tree, Fort Worth , Texas, Riverside , California, Guantanamo Bay, Arizona, Nevada, Oklahoma, California , Virginia , Nevada , Arizona , Utah, Hawaii, Canada, Atlanta, Aptos, Santa Cruz

☆ Santa better get a T- shirt because summer has claimed Christmas
▼ + stars: | 2023-08-20 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +6 min

Stores have been pushing up Christmas merchandise earlier and earlier in recent years. In 2021, Amazon and Walmart, afraid of tepid consumer demand because of the pandemic, initiated holiday sales as early as October. The same pattern was repeated last year, effectively elongating the year-end holiday shopping season. “I expect an ever-growing holiday season is here to stay, at least for the foreseeable future,” said Zak Stambor, senior retail & ecommerce analyst with Insider Intelligence. Among the festive items were Christmas tree ornaments, festive ribbons, plush elves and tabletop ornaments.

Persons: can’t, Don’t, ”, Zak Stambor, Nikki Baird, Stambor, here’s, we’ve, ” Lowe's, Lowe’s, “ Organizations: New, New York CNN, Walmart, Labor, Insider Intelligence, ” Industry, Amazon, Depot, Lowe’s, CNN, Costco Locations: New York, Amazon, “, Santa

☆ The 'internet's favorite underwear' goes mainstream: Gen Z brand Parade agrees to be bought
▼ + stars: | 2023-08-15 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

Privately owned Ariela & Associates International has agreed to buy Parade, the VC-backed intimates startup that created "the internet's favorite underwear," CNBC has learned. "Consolidation is the big opportunity, especially for big, traditional brands to acquire more digitally savvy upstarts. It quickly became a favorite among Gen Z consumers eager for comfortable and affordable underwear that fit their body style and personal values. As part of Ariela, Parade will now be able to tap on the firm's manufacturing muscle to scale up and become more of a mass-market brand, said Jessica Ramirez, a senior analyst with Jane Hali and Associates. I think Parade hasn't as much … this would make sense to propel it on a larger level."

Persons: that's, Nikki Baird, didn't, Cami, Jessica Ramirez, Jane Hali, It'll, Ramirez Organizations: Associates, CNBC, Associate's, Columbia University, Parade, FullBeauty Brands, Walmart, Target, Smart Locations: U.S, Ariela

☆ US retail spending picked up sharply in July
▼ + stars: | 2023-08-15 | by ( Bryan Mena | ) edition.cnn.com time to read: +4 min

It was also the fourth straight month that retail sales increased. Retail sales, which are adjusted for seasonality but not inflation, rose 0.7% in July from the prior month, the Commerce Department reported Tuesday. Spending rose on nondurable items, such as clothing and sporting goods. Excluding spending at gasoline stations, retail sales rose 0.8% in July from the prior month. “Goods consumption is holding up even as services spending has taken up an increasing share of household’s wallets.

Persons: —, TJ Maxx, ”, Nikki Baird, Barbie, Taylor, Beyoncé, Taylor Swift, Gregory Daco, haven’t, Wells Organizations: DC CNN, Retail, Commerce Department, Commerce, Walmart, Target, Federal Reserve, Wall Street, Fed, “ Retailers Locations: Washington, EY

That has made it tricky to predict consumer spending. The swirl of confusing trends tees up a closely watched retail earnings season that could offer more clarity about consumers and the economy. As inflation cools, the growth of average hourly earnings has begun to outpace the rise in the consumer price index. He called low unemployment "the big offset that's helped consumer spending hang in." "I thought with all of the revenge travel that's been happening, that would impact consumer spending on goods," she said.

Persons: Aditya Bhave, that's, Andrew Garthwaite, That's, Levi Strauss, Chip Bergh, Michael Baker, Davidson, splurge, Baker, Taylor Swift, Davidson's Baker, Nikki Baird, she's, I'm, Corie Barry, headboards Organizations: Getty, Bank of America, Target, Walmart, JPMorgan, Wall, Federal Reserve, Credit Suisse, U.S, of Labor Statistics, CNBC, . Bureau, Labor, D.A, New York Federal Reserve, Federal Reserve Board Locations: Waterbury , Connecticut, U.S, Italy

☆ From Pet Cemetery Owner to Identity Thief to Best-Selling Ghostwriter
▼ + stars: | 2023-07-24 | by ( Elisabeth Egan | ) www.nytimes.com time to read: +1 min

“This whole street was filled with probably 10 sheriff’s cars. The neighbors were all standing here,” said Hardin, now 56. Hardin’s second husband was also arrested; their toddler went to emergency foster care. “There was no more, ‘I can talk my way out of this, I can spin a story.’ It was just over.”Before her cataclysmic nosedive, Hardin owned a pet cemetery. She is now a literary agent and ghostwriter who has collaborated on several best-selling books, including ones by the Archbishop Desmond Tutu and the Dalai Lama.

Persons: Tesla, Lara Love Hardin, ”, Hardin, Hardin’s, Desmond Tutu, Dalai, Oprah Organizations: ”, Stanford Locations: Aptos, Calif

☆ Your Word, Outlook, and Excel apps might look different. Microsoft just changed its default font for the first time in 15 years.
▼ + stars: | 2023-07-14 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Microsoft announced this week that it's changing its default Office font to Aptos. Microsoft Office users may notice that their documents look different. Microsoft announced this week that it's replacing Calibri, its default font for the last 15 years, with a new font, Aptos. Aptos will officially become the default font for all customers in the upcoming months. Microsoft said that changes to its default font were needed to adapt its suite of Microsoft Office tools to higher resolution screens as technology continues to evolve.

Persons: Aptos, Steve Matteson, —, Tenorite, Matteson's Organizations: Microsoft, Toyota, Google, Windows Locations: Calibri, — Grandview, Seaford, Skeena, Santa Cruz , California

☆ Here's the new default font for Microsoft Outlook and Word: Aptos
▼ + stars: | 2023-07-13 | by ( Jordan Novet | ) www.cnbc.com time to read: +5 min

Microsoft has named the next default font for its productivity applications, such as Word and Outlook, after testing five candidates it introduced in 2021. Aptos will remain available in the font list under the old Bierstadt name for people who are accustomed to it. In 2019, Microsoft asked font designer Steve Matteson to develop a font in the grotesque sans-serif style that includes the classic Helvetica. The company didn't let on that it was considering it as a possible successor for Calibri, Matteson said in an interview with CNBC this week. Some people didn't take the name seriously, and Microsoft decided to come up with a new one for the font, Matteson said.

Persons: Si Daniels, Satya Nadella, Steve Ballmer, Steve Matteson, Calibri, Matteson, didn't, Aptos, He's, hasn't, Lucas de Groot Organizations: Microsoft, CNBC, Monotype, redwoods Locations: Nadella, Colorado, Santa Cruz County , California, California, Bierstadt

☆ Biden has 'no regrets' about handling of classified documents
▼ + stars: | 2023-01-19 | by ( Jeff Mason | ) www.reuters.com time to read: +2 min

APTOS, Calif., Jan 19 (Reuters) - U.S. President Joe Biden said on Thursday he has "no regrets" about his handling of classified documents found at his home and former office and that he believes the matter will be resolved. "I think you're gonna find there's nothing there," Biden told reporters as he toured storm damage in California. Biden said he has been doing as instructed by his lawyers after "a handful of documents were filed in the wrong place." Biden’s legal team acknowledged last week it had found classified documents relating to his time as vice president in the Obama administration at his Delaware home, including some in his garage. Aides previously found another batch of classified documents at his residence and at a Washington think tank he was associated with.

☆ Watch: Thousands of Flights Delayed After FAA System Outage
▼ + stars: | 2023-01-12 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

California Beach Towns Contend With Damage as More Storms Loom Waves whipped up by “atmospheric rivers” rolling through California have caused damage in beach towns such as Aptos and Capitola. WSJ’s Jim Carlton reports from the community, where locals are picking up the pieces and bracing for more storms. Photos: Josh Edelson/AFP/Getty Images

☆ Explainer: Why weeks of rain in California will not end historic drought
▼ + stars: | 2023-01-12 | by ( Daniel Trotta | ) www.reuters.com time to read: +4 min

But the state's water infrastructure, mostly built in the 20th Century when the population was barely half of today's 40 million, is ill-equipped for the new situation. On Dec. 14, the Metropolitan Water District of Southern California declared a drought emergency for all 19 million people in the region. Despite a deluge that by one estimate has been expected to dump more than 20 trillion gallons (80 trillion liters), the state's major reservoirs remain well below their historic average. INFRASTRUCTURE DEFICITThe state's infrastructure, largely a network of cement canals, lacks the capacity to capture excess stormwater. Even as the Colorado River basin faces its own drought, and the atmospheric rivers provide no relief, the Colorado River suffers more from overuse than from a lack of precipitation.

Northern California braced for more downpours as southern and central regions of the state got a break Wednesday from torrential rains and prepared for another strong system just days away. At least 17 people have died since late last week in these California storms that show few signs of slowing up. Josh Edelson / AFP - Getty ImagesThe heaviest rains Wednesday were expected to fall on northern and coastal regions of the state. A major system is forecast to hit almost all of coastal California, from the Oregon border to Los Angeles late Friday afternoon or evening. Santa Cruz County has been told to brace for between 3 to 6 inches of rain Friday, Saturday and Sunday, according to Hart.

☆ Retailers Rethink In-Store Tech as Shoppers Return
▼ + stars: | 2022-12-19 | by ( Isabelle Bousquette | ) www.wsj.com time to read: +4 min

Retailers during the pandemic poured investments into e-commerce, as many questioned whether shoppers would ever return in full force to physical stores. E-commerce is now 16.4% of all retail shopping, down from 18.8% at the height of the pandemic, according to the National Retail Federation. Photo: The Kroger Company“There is an opportunity to remove the friction,” said Mr. Cosset. “It’s never enough.”In addition to cost barriers, Mr. Cosset of Kroger said it is also wise to hold back on some investments based on what the consumer actually wants. But privacy concerns coupled with the cost of large-scale camera installation make it impractical, Mr. Cosset said.

☆ Venture capitalists flock to blockchain firms in third quarter - Pitchbook
▼ + stars: | 2022-11-29 | by ( Medha Singh | ) www.reuters.com time to read: +2 min

Nov 29 (Reuters) - Decentralized finance (DeFi) and Web3 were the primary targets of early-stage startup funding from some of the top private investors in the third quarter, research firm Pitchbook said on Tuesday, even as overall venture capital investments declined. Outlook for funding in the current quarter has darkened as cryptocurrencies reel from the impact of the stunning collapse of FTX earlier this month. Overall, venture capital (VC) activity softened for the third consecutive quarter, totaling $4.7 billion across 153 deals, a 32% decline from second quarter's $6.9 billion across 244 deals, Pitchbook said. Other hot sectors for VC investments included financial technology, accounting for $737.4 million across 24 deals during the quarter, and biotechnology, that lured in $725.8 million across 11 deals, Pitchbook said. Pitchbook's Emerging Tech Indicator report tracked 153 early and seed-stage deals that involved the top 15 VC firms out of 5,997 total deals in the third quarter of 2022.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin slumps ahead of Fed decision, and DOJ takes action to curb crypto crime: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Mo Shaikh, co-founder and CEO of Aptos, discusses what could drive the next crypto rally as volatility continues to shake markets ahead of the Federal Reserve's decision on rate hikes.

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