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A senior Two Sigma quant researcher is leaving for Cubist. Kan Huang co-led a key machine-learning unit known as techniques forecasting. Jin Choi, Huang's interim cohead, has been named sole head of the long-running techniques group. AdvertisementA senior leader in one of Two Sigma's key research units is leaving the firm for quant rival Cubist Systematic Strategies, according to people familiar with the matter. Huang is a leader of a Two Sigma unit that develops machine-learning models and other advanced strategies from various data sources and trading signals.
Persons: Kan Huang, Jin Choi, , Steve Cohen's, Huang, Ken Baron, Choi, John Overdeck, David Siegel, Scott Hoffman, Carter Lyons, Ali, Milan Nekmouche, Jian Wu Organizations: Sigma, Service, Bloomberg, Sigma Investments, Securities and Exchange Commission, Wall Street
Just Stop OilThe laws were purpose-built to target protest groups like Just Stop Oil. ExxonMobil told CNN that they do not currently fund Policy Exchange or American Friends of Policy Exchange, but did not answer questions about past funding. The UK’s lengthy jail terms stand out globally, but the creeping clampdown on disruptive climate protest is also happening elsewhere. Leon Neal/Getty ImagesThe Just Stop Oil case amplifies the near erasure of legal defenses available to protesters who take part in disruptive demonstrations. The same report compared Just Stop Oil to “terror groups” and recommended their actions be banned.
Persons: Cressie Gethin, , — Louise Lancaster, Daniel Shaw, Lucia Whittaker, Abreu, Roger Hallam, , ” —, ” Gethin, Michael Forst, “ ’, ’ ” Cressida Gethin, Jodie Beck, Toby Melville, Rishi Sunak, ” Sunak, Gethin, , ALEC, Exxon’s, Stephanie Keith, UN’s Forst, Leon Neal, ” Tim Crosland, — Lord Walney, John Woodcock —, Israel . Woodcock, Henry Nicholls, Beck, ” Beck, she’s Organizations: London CNN, Prosecutors, CNN, HMP, Airport, Big Oil, Conservative, International Energy Agency, Labour, London, Police, Amnesty International, Liberty, Stop, ExxonMobil, Exchange, Atlas Network, of Policy, London Metropolitan Police, Met Police, Global, US Civil Rights, Climate Rights International, International Center, Profit, Dakota Access Pipeline, American Legislative Exchange Council, Chevron, Energy, Center for Media, Democracy, Dakota, Pipeline, Oil, Palestine, British, Reuters Locations: North, London, HMP Bronzefield, London’s, , US, Germany, France, Australia, Mandan , North Dakota, United Kingdom, Israel, England, Northern Ireland
Anxiety may increase risk of dementia, study finds
  + stars: | 2024-07-29 | by ( Kristen Rogers | ) edition.cnn.com   time to read: +8 min
ingwervanille/Moment RF/Getty ImagesMore than 55 million people worldwide have dementia, a number expected to increase to 139 million by 2050. Previous studies exploring the relationship between anxiety and dementia have largely measured participants’ anxiety at one point in time, providing mixed conclusions — but how long someone’s anxiety lasts is an important aspect worth considering, the authors argued. Researchers measured participants’ anxiety at the first and second assessments. Someone’s anxiety was considered resolved if they had anxiety only at the time of the first wave. “This study agrees with earlier studies that therapy aimed at alleviating anxiety can help reduce risk for (Alzheimer’s disease).
Persons: , Kay Khaing, Glen R, Finney, ” Finney, wasn’t, , Rudolph Tanzi, Dr, Joel Salinas, Isaac Health, Salinas wasn’t, Tanzi, Khaing, ” Khaing, ” Tanzi Organizations: CNN, American Geriatrics Society, Hunter New, Hunter New England Health, Getty, Australian Department of Health, American Academy of Neurology, McCance, Brain Health, Massachusetts General Hospital, NYU Langone Health, , National Alliance, Mental Locations: Hunter New England, Newcastle, Australia, Pennsylvania, Massachusetts, Boston, ” Salinas
Read previewA fishing boat about a mile off the coast of New Hampshire capsized on Tuesday after a humpback whale came out of the water and smashed into it, according to video of the incident. "So no attack by the humpback whale, just an unfortunate accident for both the whale and fisherman," he said, adding the whale may not have even realized the boat was there. Smith, who studies humpback whale behavior, said lunging for fish is a very common behavior for the species. AdvertisementAs for the humpback in the video, the whale may have been injured when it crashed into the boat. Vessel collisions remain a threat to humpback whales, though typically, strikes by larger ships pose the greatest risk.
Persons: , Andrew Trites, Trites, Melanie Smith, Smith, WCVB Organizations: Service, New Hampshire, Business, Marine Mammal Research, University of British, University of New Locations: New, University of British Columbia, University of New Hampshire
EIU also expects the Bank of Japan will exit its negative interest rate policy in the second quarter. Markets currently expect the Fed to start with a 25-basis-point rate cut in June. Euro zoneThe European Central Bank last week also held its policy rate at a record high of 4%, signaling that it won't cut rates before June. JPMorgan said in a research note that the Turkish central bank may cut its policy rate in November and December, keeping its year-end policy rate forecast of 45%. IndonesiaIndonesia's central bank kept its benchmark policy rate at 6% in its recent meeting.
Persons: EIU, Jerome Powell, LSEG, Nomura, Perry Warjiyo, CNBC's JP Ong, BOK, Goldman Sachs, Goohoon Kwon, Kwon Organizations: Getty, Economist Intelligence Unit, Bank of Japan, United, United States U.S, Federal, Fed, European Central Bank, ECB, Swiss National Bank, UBS, Bank of Canada, Bank of, JPMorgan, Reserve Bank of, ANZ, New Zealand Auckland Savings Bank, Bank, Bank Indonesia, BMI, Fitch Solutions, U.S, Oxford Economics, Macquarie Locations: Czech, China, Japan, United States, Switzerland Swiss, Bank of Canada, Turkey, Turkish, Reserve Bank of Australia, New, Indonesia, South Korea, Asia
How to choose the best quality olive oil
  + stars: | 2024-02-19 | by ( Kristen Rogers | ) edition.cnn.com   time to read: +7 min
CNN —Olive oil has many health benefits, including lowering the risk for dementia, poor heart health, cognitive decline or early death. Here’s what you need to know to select the best possible olive oil for your diet. Harvest and processingHistorically, brands that maintain a high quality of olive oil are those that put care into the process from the moment of harvest, Kyriakides said. Extra virgin olive oil is the healthiest version because it’s cold-pressed only once without high heat or chemical solvents. “That will help them develop a more discerning palate for olive oil.
Persons: , Tassos Kyriakides, Mercedes Fernández, Kyriakides, ” Kyriakides, Davide Pischettola, , It’s, , Selina Wang, “ I’m, it’s, Joseph R, Profaci, don’t, Wang Organizations: CNN, Yale School of Public Health, International Olive Council, University of California, North American Olive Oil Association Locations: New Haven , Connecticut, Spain, Molfetta, Italy, United States, California, Georgia , Oregon , Texas, Arizona, Davis
Who Kissed First? Archaeology Has an Answer.
  + stars: | 2024-02-13 | by ( Franz Lidz | ) www.nytimes.com   time to read: +2 min
They met a week earlier at a pub near the University of Copenhagen, where both were undergraduates. “I had asked my cousin if he knew any nice single guys with long hair and long beards,” Dr. Rasmussen said. “I do,” said Dr. Rasmussen, who had taken some of the same classes. The researcher, at the University of Cambridge, suggested that the custom — a lip-kissing precursor that involved rubbing and pressing noses together — developed into hardcore smooching. — about when the Indian how-to sex manual, the Kama Sutra, was published — kissing had spread to the Mediterranean with the return of Alexander the Great’s troops from Northern India.
Persons: humanity’s, Sophie Lund Rasmussen, Troels, , Dr, Rasmussen, , Arboll, , buss, , Alexander the Organizations: University of Copenhagen, University of Oxford’s, Conservation Research Unit, Aalborg University, University of Cambridge Locations: Assyriology, Denmark, Asia, Northern India
Copper prices are set to soar more than 75% over the next two years amid mining supply disruptions and higher demand for the metal, fueled by the push for renewable energy. In a December report, the investment bank forecast that the higher renewable energy targets would boost copper demand by extra 4.2 million tons by 2030. This would potentially push copper prices to $15,000 a ton in 2025, the report added, way higher than the record peak of $10,730 per ton scaled in March last year. "This assumes a very soft landing in the U.S. and Europe, an earlier global growth recovery, significant China easing," Citi analysts said, while also emphasizing on continued investments in the energy transition sector. A growing economy tends to boost demand for copper, which is used in electrical equipment and industrial machinery.
Persons: Matty Zhao Organizations: U.S, BMI, Fitch Solutions, U.S . Federal Reserve, Bank of America Securities, CNBC, Citibank, Citi Locations: Huai'an, Jiangsu Province, China, Asia, Pacific, U.S, Europe
Jack Hidary, SandboxAQJack Hidary, the CEO of SandboxAQ. SandboxAQThe intersection of AI and quantum technology isn't talked about as much as buzzy chatbots right now — but it's a future Hidary is trying to prepare us for. His company, SandboxAQ, began life in Alphabet as a research unit nestled in the company's X building, exploring how to run quantum workloads using the same chips as those that power AI. Hidary spun the unit out in early 2022 with a nine-figure round of investment that included the former Alphabet executive chair Eric Schmidt and Marc Benioff, the CEO of Salesforce. See the full list of 100 people who make AI intelligent here.
Persons: Jack Hidary, isn't, Hidary, Eric Schmidt, Marc Benioff
National Geographic said it captured the first footage of killer whales rubbing up against an iceberg. AdvertisementOrcas living in the freezing waters of Antarctica have been captured in footage rubbing up against icebergs in what could be an innovative skincare technique. AdvertisementLike humans, whales and dolphins typically shed their skin continuously, and most of them have no problem doing this in warmer waters. The study found that some antarctic killer whales make an essentially nonstop, nearly 7,000-mile migration to warmer waters that takes six to eight weeks. While the reasons whales migrate remain a mystery, the study argued the evidence suggests "deferred skin molt could be the main driver of long-distance migration for antarctic killer whales."
Persons: , Robert Pitman, Pitman, Andrew Trites Organizations: Service, National Geographic, Newsweek, Mammal, Oregon State, Mammal Institute, Pacific Northwest, Northern, Marine Mammal Research, University of British Locations: Antarctica, molting, Pacific, British Colombia, Canada, University of British Columbia
Some sailors off the Iberian coast are turning to heavy metal to deter orcas from ramming into their boats. The music will also add to human-made ocean noise, which is already a major issue for marine animals. AdvertisementSailors using heavy metal music to deter orcas from ramming into their boats could find that the strategy backfires. AdvertisementAdditionally, Trites told Business Insider that if sailors adopted this method, the most harmful result would be an addition to noise pollution in the ocean. Human-caused noise pollution comes from a variety of sources, including ships, energy production via wind turbines, underwater mining, and even low-flying planes.
Persons: , Andrew Trites, Trites Organizations: Service, New York Times, Marine Mammal Research, University of British, NOAA, Sound Locations: University of British Columbia
Jared Cohen: If you reflect back on most of the last 20 years, the geopolitical center of gravity has been in the Middle East. But there’s a paradigmatic shift where the geopolitical center of gravity has moved from the Middle East to Washington and Beijing. That’s before you get into other factors like the war in Europe, now, the war in the Middle East and a variety of other things. I don’t think that’s the case. Leaders in the Middle East have a big vision of their role in the world.
Persons: Goldman Sachs, won’t, Goldman, Bell, Jared Cohen, Cohen, they’re, They’ve, it’s, They’re, Bill Ackman, , Ackman, Claudine Gay, , Lawrence Summers, Clinton, ” Summers, Chris Isidore, Shawn Fain Organizations: CNN Business, Bell, New York CNN, Goldman Sachs Global Institute, Applied Innovation, Global Affairs, Google, Harvard, Harvard University, Israel, Pershing Square Capital Management, “ Harvard, Civil, CNN, UAW, United Auto Workers, General Motors, Ford Locations: New York, China, Europe, East, Washington, Beijing, Taiwan, South China, Israel
Elon Musk says xAI is about to release its first AI model. He said the model would be available to a "select group" on Saturday. AdvertisementAdvertisementElon Musk's xAI is gearing up to release its first AI model. In a post on X, formerly Twitter, Musk announced his company was set to release the model to a "select group" on Saturday. It's unclear who is part of the "select group" to gain access to the model.
Persons: Elon Musk, xAI, , Elon, Musk, He's, GPT, Manuel Kroiss, Igor Babuschkin Organizations: Service, Twitter
Both Meta Platforms and Alphabet saw their shares caught up in a broad tech sell-off last week — but several analysts remain bullish. On Meta, concerns emerged last week following CFO Susan Li's comments on the advertising market in the fourth quarter. META YTD mountain Year-to-date share price movement in Meta Year-to-date, shares in Meta are up over 150% higher. Morgan Stanley views Meta as one of the companies best positioned to weather the volatility in the tech sector. We would be buying the pullback in Meta shares" in an Oct. 26 note.
Persons: Susan Li's, Dan Ives, CNBC's, He's, it's, Meta, Ives, Meta they're, pricings, Mark, Zuckerberg, Morgan Stanley, , Jonathan Vanian, Michael Bloom Organizations: Facebook, Meta, Wedbush Securities, Labs, JPMorgan, Baird Equity Research Locations: Meta
CNN —Loss of slow-wave sleep as you age may increase your risk of developing dementia, according to a new study. Slow-wave sleep is the third stage of sleep, which is important for brain health. Each percentage decrease in slow-wave sleep per year was linked with a 27% increased risk of developing dementia and a 32% higher risk of Alzheimer’s disease dementia. The rate of slow-wave sleep loss accelerated from age 60, peaked from ages 75 to 80 and slowed afterward. “This is an important study yet again showing the impact of quality of sleep on a person’s risk of cognitive decline and dementia,” Isaacson said.
Persons: , Matthew P, Pase, , Richard Isaacson, Isaacson wasn’t, ” Pase, ” Isaacson, it’s, Rudolph Tanzi, Tanzi wasn’t, Pase’s Organizations: CNN, Monash University, Framingham Heart Study, US, Blood Institute, Study, Genetics, Aging Research, Massachusetts General Hospital, Locations: Australia, Florida, Framingham, Massachusetts
Oct 30 (Reuters) - Information and analytics firm Ascential (ASCL.L) said on Monday it would sell its digital commerce and consumer research units for a combined enterprise value of 1.4 billion pounds ($1.70 billion) as the UK-based company focuses on its events business. London-listed Ascential said it intended to distribute about 850 million pounds to shareholders following the completion of the transactions. The digital commerce business would be sold to U.S.-listed Omnicom Group (OMC.N) for a total enterprise value of $900 million, it said. Ascential said its CEO Duncan Painter would join Omnicom to take on a new role as chief of Flywheel Digital, a newly formed part of the U.S.-based company which will operate the digital commerce business. The WGSN divestment is part of a break-up plan announced in January which originally included separation and a U.S. listing of its digital commerce assets.
Persons: Ascential, Duncan Painter, Philip Thomas, Aby Jose Koilparambil, Rashmi Aich, Jason Neely Organizations: Apax Partners, Thomson Locations: London, U.S, Bengaluru
Whale watchers in California spotted a "super rare" white orca. The orca was hunting in a pack with its mother, according to Monterey Bay Whale Watch. AdvertisementAdvertisementA 'super rare' white killer whale dazzled watchers in California as it hunted with its mother. Monterey Bay Whale Watch announced the spotting of the orca whale named "Frosty" on October 15 in a Facebook post. AdvertisementAdvertisement"Frosty the super rare white Killer Whale!!
Persons: , Frosty, MBWW Organizations: Monterey Bay Whale Watch, Service, Whale Watch, University of St, Guardian, National Library of Medicine Locations: California, Monterey Bay, Monterey, University of St Andrews
The world's fastest growing economy may be on track to grow by more than 100% by 2028, largely fueled by profits from its oil production and export sector, according to one analysis. BMI, a Fitch Solutions research unit, is also of the view that "Guyana will see explosive growth this year," said Andrew Trahan, its head of Latin America country risk. He expects real GDP in Guyana to rise about 115% in the next five years. "The exact magnitude of the increase [is] dependent on how quickly additional oil production is brought online," he added. Guyana's Stabroek Block is a 6.6 million acre offshore oil reservoir off the country's Atlantic coast, and is estimated to hold 11 billion barrels of oil, according to ExxonMobil.
Persons: Andrew Trahan Organizations: International Monetary Fund, IMF, BMI, Fitch Solutions, ExxonMobil, Guyana's Locations: Guyana, South America, America
Tech giant Meta seems to be going through an "identity crisis" of sorts, making the stock "uninvestable" right now, according to Adam Coons, chief portfolio manager at Winthrop Capital Management. Reports indicate that it has plans to roll out a generative AI-powered chatbot with multiple personas that will rival ChatGPT. META mountain 2022-09-25 Meta price chart American investment bank Citi has named Meta as its "top-pick across the internet sector," giving it a buy rating at a price target of $385 — giving it over 30% upside from its Sept. 21 close. Elsewhere, Baird Equity Research has an outperform rating on Meta at a target price of $355, giving it an around 18% upside from its Sept. 22 close. However, even given Meta's new launches and opportunities in ad revenue, Winthrop Capital's Coons is skeptical of how long this will go on "until Mark Zuckerberg changes his mind."
Persons: Adam Coons, , CNBC's, ChatGPT, Coons, , Baird, Meta's, Winthrop Capital's Coons, Mark Zuckerberg, — CNBC's Michael Bloom Organizations: Winthrop Capital Management, Facebook, Citi, Baird Equity Research, Meta, Reality Labs, Apple Vision
The announcement put the spotlight on the kingdom's nascent nuclear energy efforts — Saudi Arabia has a small nuclear reactor, a research unit set up with the help of Argentina, that it has not yet put into operation. The Saudi energy minister did not comment on whether his country would also join the IAEA's Additional Protocol, which requires more thorough oversight including snap inspections. Saudi Crown Prince Mohammed bin Salman said in a recent wide-ranging interview with Fox News that if Iran developed nuclear weapons, Saudi Arabia would too. U.S. assistance with a nuclear energy program is one of Saudi Arabia's key demands — but not everyone is happy about that. The multilateral Obama-era deal had allowed the lifting of economic sanctions on Iran in exchange for curbs to its nuclear program.
Persons: Crown Prince Mohammed bin Salman, Al, Mandel Ngan, Prince Abdulaziz bin Salman Al Saud, Rafael Grossi, Thomas Kronsteiner, Grossi, Saud, Prince Abdulaziz's, Prince Mohammed bin Salman, Mohammed bin Salman's, Saudi Arabian Crown Prince Mohammed bin Salman Al Saud, Joe Biden, Narendra Modi, Evelyn Hockstein, Yair Lapid, Donald Trump, ATTA KENARE Organizations: Saudi, Crown, AFP, Getty Images, International Atomic Energy Agency, IAEA, Saudi Energy, Governors, CSA, United, Fox News, CBS, West, Saudi Arabian Crown, Indian, Biden, Obama, Iranian, Getty Locations: Royal, Saudi, Jeddah, Getty Images Saudi Arabia, Vienna, Austria, Saudi Arabia, Argentina, United Arab Emirates, Iran, Russia, Ukraine, China, New Delhi, India, Riyadh, Washington, Israel, Tehran, Bushehr
Logos of Swiss banks Credit Suisse and UBS are seen before a news conference in Zurich Switzerland, August 30, 2023. UBS' takeover of Credit Suisse, the biggest bank merger since the 2008 global financial crisis, was hastily arranged in March this year by Swiss authorities to avert Credit Suisse's collapse. More than 15 equity researchers were notified earlier this week about the layoffs in Hong Kong, the sources said, adding less than 10 researchers focusing on Hong Kong and China equities will join the UBS team. Credit Suisse did not respond to a Reuters request for comments. Both of them will bring some junior researchers from Credit Suisse, the sources added.
Persons: Denis Balibouse, Charles Zhou, China financials, Kenneth Fong, Zhou, Fong, Sergio Ermotti, Julie Zhu, Kane Wu, Selena Li, Summer Zhen, Sumeet Chatterjee, Bernadette Baum, Emelia Organizations: Credit Suisse, UBS, REUTERS, Credit, Suisse's Securities Research, Reuters, Monday, Asia, China Internet, Thomson Locations: Zurich Switzerland, HONG KONG, Hong Kong, China, Asia Pacific, Asia, Swiss
National Geographic captured humpback whales interrupting orcas that were hunting a seal in Antarctica. But then, Gregory said in the video, two humpback whales appeared out of nowhere. AdvertisementAdvertisementWhile killer whales do not pose a direct threat to adult humpback whales, which are much larger than orcas, killer whales do prey on humpback whale calves. While most people believe the humpbacks are swimming over to save the seal, the seal may actually be swimming toward the humpbacks to save itself. Sea lions and seals have been captured hopping onto boats in order to evade killer whales.
Persons: Bertie Gregory, Gregory, Leigh Hickmott, Andrew Trites, Trites, Robert Pitman, Pitman Organizations: Geographic, Service, University of St, Marine Mammal Research, University of British, Biologists, US, Oceanic, Atmospheric Administration, Hakai Magazine Locations: Antarctica, Wall, Silicon, Andrews, Scotland, University of British Columbia, Canada, British Columbia
A worldwide lithium shortage could come as soon as 2025
  + stars: | 2023-08-29 | by ( Lee Ying Shan | ) www.cnbc.com   time to read: +4 min
Bloomberg | Bloomberg | Getty ImagesThe world could face a shortage for lithium as demand for the metal ramps up, with some analysts forecasting that it could come as soon as 2025. BMI, a Fitch Solutions research unit, was among those that predict a lithium supply deficit by 2025. In a recently published report, BMI largely attributed the deficit to China's lithium demand exceeding that of its supply. "We expect an average of 20.4% year-on-year annual growth for China's lithium demand for EVs alone over 2023-2032," the report stated. While that could point to a global lithium surplus next year, shortages could start to plague supply chains in 2028.
Persons: Susan Zou, Corinne Blanchard, Deutsche, Blanchard, Zou Organizations: Sigma, Bloomberg, Getty, BMI, Fitch Solutions, Economic, Rystad Energy, P, Commodity, EV Locations: Itinga, Minas Gerais, Brazil, China, skyrocket, transportations, U.S, Europe
David BregDavid Breg is deputy research director at WSJ Pro, The Wall Street Journal’s professional arm, where he writes and edits cybersecurity research and analysis for executives and businesspeople. He also appears frequently at WSJ Pro events as a moderator. Dave has prior experience managing the research unit at public relations firm Burson-Marsteller and policy knowledge from serving as an analyst at the Congressional Research Service.
Persons: David Breg David Breg, Dave, Burson Organizations: WSJ Pro, Congressional Research Service
(Photo by John MACDOUGALL / AFP) (Photo by JOHN MACDOUGALL/AFP via Getty Images)China is going after licences to boost its access to German technology as investment regulation makes company acquisitions in the sector increasingly difficult, the Handelsblatt newspaper reported on Wednesday, citing a study. The study conducted by the IW economic institute, analysing Bundesbank data on behalf of the newspaper, found German licence revenues from China more than tripled in 2022 compared to 2014. Compared with 2020, the increase was about half. "There is a clear early indication that Chinese companies are looking for a new way to get access to German technology," said Juergen Matthes, head of IW's global and regional markets research unit. Tech licences are one way for China to try to get in "through the back door", he told Reuters.
Persons: John MACDOUGALL, JOHN MACDOUGALL, Juergen Matthes Organizations: AFP, Getty Images, Tech, Reuters Locations: Berlin, Germany, China, Russia
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