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Siemens’ spreading rot obscures elusive value
  + stars: | 2023-08-10 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Mike BlakeLONDON, Aug 10 (Reuters Breakingviews) - Siemens’ (SIEGn.DE) problems are no longer affecting just its periphery. Shares in its spun-out unit Siemens Energy (ENR1n.DE) have lost more than 40% this year due to faulty wind turbines. Chief Executive Roland Busch pointed the finger at China, saying slowing demand in Siemens’ third biggest market was to blame. Siemens shares fell as much as 7% on the news. Siemens shares are now trading over 30% below JPMorgan’s valuation based on a sum of the parts calculation.
Persons: Mike Blake LONDON, Roland Busch, Busch, Pamela Barbaglia, Neil Unmack, Oliver Taslic Organizations: Siemens, Coaster, REUTERS, Reuters, Siemens Energy, West, Twitter, Thomson Locations: Oceanside , California, U.S, China, Chengdu, Shenzhen
The Russian currency fell nearly 25 percent since the beginning of the year. “The ruble exchange rate is only an indicator,” said Alexandra Prokopenko, a nonresident scholar at the Carnegie Russia Eurasia Center and a former Russian central bank official. The ruble plummeted to as low as 135 per dollar and the central bank took a series of dramatic measures, including capital controls, to stave off a full-blown meltdown. The most immediate concern for Russian financial policymakers is the possibility of significant inflation. The country’s central bank reacted to that risk late last month with a higher-than-expected rise in interest rates, to 8.5 percent.
Persons: , Alexandra Prokopenko, Vladimir V, Putin, Yevgeny V Organizations: Bank of Russia, Carnegie Russia Eurasia Center Locations: Moscow, Russia, Russian, Ukraine, Soviet Union
The problem with that is audience levels aren’t the only metric when weighing the value of streaming series. "The Lord of the Rings: The Rings of Power," starring Morfydd Clark, was a major investment for Amazon's Prime Video. Matt Grace/Prime VideoThis premium-TV strategy of stirring conversation is something HBO understood long before streaming became a competitor. Even if you didn’t watch “The Wire” or “Boardwalk Empire,” getting HBO meant hanging around with the cool kids. Jenna Ortega as Wednesday Addams in the Netflix series "Wednesday."
Persons: Lucas Shaw, Power ”, Morfydd Clark, Matt Grace, , you’re, Kai ”, Jenna Ortega, Wednesday Addams Organizations: CNN, Bloomberg, Netflix, Amazon, Amazon's, HBO, Hollywood
August 6 - The Philadelphia Phillies would like to see this version of $300 million shortstop Trea Turner -- and their suddenly Turner-supporting fans --- on Sunday and for the rest of the season. After a grassroots support campaign for Turner -- roughly organized by Philadelphia radio station WIP -- Phillies fans greeted Turner with a standing ovation before his first at-bat in Friday's series opener. Turner added an RBI double in the eighth to provide an insurance run, drawing another ovation from fans who will see Turner in Philadelphia through 2033 under his 11-year contract. "Roller coaster is obviously the first thing that comes to mind," Turner said after Saturday's win. Turner is 1-for-6 in his career against the 39-year-old Greinke (1-11, 5.32 ERA), who opposes Philadelphia right-hander Taijuan Walker (12-4, 3.99) on Sunday.
Persons: Trea Turner, Turner, Rob Thomson, Scott Franzke, Thomson, Zack Greinke, Matt Quatraro, Dairon Blanco, Blanco, Quatraro, Taijuan Walker, Walker, Matt Duffy, Salvador Perez, hasn't, Brandon Marsh, Marsh, Kansas City's Samad Taylor Organizations: Philadelphia Phillies, Philadelphia, Kansas City Royals, Phillies, National League, Royals, Saturday's, Sunday, Kansas City, Kansas, Thomson Locations: Philadelphia, Greinke
Icahn's company has been on a roller-coaster ride since the Nathan Anderson-led short seller took a public short position in May, alleging "inflated" asset valuations, among other reasons. Shares of IEP, a holding company that is involved in myriad businesses including energy, automotive and real estate, tumbled nearly 44% in the second quarter. Shares of Carl Icahn's conglomerate Icahn Enterprises experienced a sharp sell-off Friday after the firm slashed its quarterly dividend in half amid notable short seller Hindenburg Research's campaign. Hindenburg took issue with IEP's high dividend yield, saying it's "unsupported" by the company's cash flow and investment performance. Icahn Enterprises on Friday reported a net loss of $269 million for the second quarter, more than doubling the loss of $128 million from the same quarter a year ago.
Persons: Nathan Anderson, Carl Icahn's, Hindenburg, Icahn Organizations: Icahn Enterprises, Enterprises, Trans, Airlines
Salesforce Chief People Officer Brent Hyder is leaving the company. His exit was announced in an internal Slack message viewed by Insider. Salesforce Chief People Officer Brent Hyder is leaving the company, according to an internal message viewed by Insider. "It's with mixed emotions that I share Brent Hyder has decided to leave Salesforce to pursue a new opportunity," Chief Operating Officer Brian Millham wrote in an internal Slack message. I'm proud of all that we've accomplished together — within the company and within our communities," Hyder wrote in an internal message.
Persons: Brent Hyder, Hyder, Salesforce, Brian Millham, Brent, Nathalie Scardino, I've, , It's, Slack, Ashley Stewart Organizations: Salesforce
After nearly ten years of travel, Pedersen successfully visited his 203rd and final country, the Maldives, and began his long-awaited voyage back to Denmark. In early 2020, the intrepid traveler suddenly found himself stuck in Hong Kong for two years with just nine countries left. “I look back at Hong Kong, and it’s a bit of a paradox. Next came a 16-day journey back to Hong Kong, where he returned to hotel quarantine for another two weeks. Pedersen in Hong Kong, where he spent an unexpected two years during the pandemic.
Persons: Torbjørn, Thor ” Pedersen, Pedersen, He’d, ” Pedersen, , , Le, I’ve, He’s, , ’ ”, Maxime Champigneulle, Gunnar Garfors, it’s, It’s, you’ve, he’s, “ There’s, Mike Douglas Organizations: CNN, CNN Travel, Maersk, , Port, Le, UN, Danish, Hong, Denmark, Pacific, Tonga, National Museum, Ross Energy, Aarhus . Port Locations: Denmark, Maldives, Danish, Malaysia, Sri Lanka, Aarhus, Kenya, Colombia, Australia, Norway, Guinea, Equatorial Guinea, Mongolia, Pakistan, Syria, Iran, Nauru, Angola, Ghana, Iceland, Canada, Hong Kong, Everest, Palau, New Zealand, Samoa, Tonga, Vanuatu, Pacific, Tuvalu, Fiji, Singapore, Malé, Norwegian, Aarhus ., Aarhus What’s, Suez, Germany
FUKUOKA, Japan, July 26 (Reuters) - Australia's Mollie O'Callaghan finished with a flourish to break the longest-standing world record in women's swimming, claiming the 200 metres freestyle title in a time of one minute, 52.85 seconds at the World Aquatics Championships on Wednesday. Summer McIntosh of Canada was 0.80 seconds behind to take bronze in a world junior record time. Olympic champion Titmus had blazed to the 400m freestyle title on Sunday to erase 16-year-old McIntosh's mark and was well placed to go for another record after topping the semi-final time sheet. Hungary's world record holder Kristof Milak was absent from the men's 200m butterfly that followed, as the Olympic and world champion skipped the meet saying that he was not physically or mentally in a position to compete. The mixed 4x100m medley relay concludes the fourth day of swimming with the Americans tipped to win their third title.
Persons: Mollie O'Callaghan, O'Callaghan, Italian Federica Pellegrini, Ariarne Titmus, Summer McIntosh, Titmus, China's Yang Junxuan, Kristof Milak, Frenchman Leon Marchand, Poland's Krzysztof Chmielewski, Tomoru Honda, Qin Haiyang, Nic Fink, Adam Peaty, Matthew Richards, Ahmed Hafnaoui, Sam Short, Bobby Finke, Shrivathsa Sridhar, Toby Davis Organizations: Wednesday, Channel, Marine Messe Fukuoka, Thomson Locations: FUKUOKA, Japan, Italian, Rome, Australia, Canada, Budapest, Tunisia, United States, Bengaluru
Both Amazon and Alphabet will likely report their lowest-ever growth for the cloud computing business at 9.8% and 24.4%, respectively, according to analysts polled by Refinitiv. Meanwhile Microsoft Intelligent Cloud, home to Azure, is expected to grow at 13.7%, the slowest rate since 2017. The digital ad market recovery will also aid Alphabet, whose Google Search has so far avoided any meaningful market share loss to Microsoft's AI-powered Bing. Alphabet is expected to report 4.5% revenue growth in the April-June period, its best in three quarters. Microsoft and Alphabet will report quarterly results on July 25, Meta on July 26 and Amazon on Aug. 3.
Persons: Lucy Nicholson, Kingsley Crane, Rishi Jaluria, Jaluria, Bernstein, Yuvraj Malik, Aditya Soni, Shounak Dasgupta Organizations: Los Angeles , California U.S, REUTERS, Microsoft, Google, Refinitiv, RBC Capital, Facebook, Meta, BofA Global Research, Thomson Locations: Los Angeles , California, Bengaluru
The climate crisis is causing a "new abnormal" characterized by more frequent and intense disasters. More people are connecting their personal run-ins with disasters to the climate crisis. "We're not on a plateau," Leiserowitz, who studies people's attitudes toward the climate crisis, said. Still, the climate crisis remains psychologically distant for many people. These institutions haven't acted fast enough to avert the crisis, climate scientists say.
Persons: Anthony Leiserowitz, We're, Leiserowitz, Chase, Ross D, aren't, Jodi Kelly, Dan Kelly, Steven Senne, Lena Moffitt, Biden Organizations: Service, Yale, Chase Field, Arizona Diamondbacks, Franklin, Associated, North America ., Veterinary Surgical Center Locations: Phoenix, Iran, , North America, North America . Vermont, Florida, United States, Montpelier , Vermont
CNN —First came Toys R Us’ roller coaster revival, and now Babies R Us is experiencing its own rebirth, too. Babies R Us, which went out of business in tandem with its parent company, Toys R Us, in 2018, is opening its new US flagship store on Wednesday at the American Dream Mall in New Jersey. Tru Kids had bought Toys R Us (which also owned Babies R Us) in a 2018 liquidation sale and had attempted to resurrect the toy store chain, opening two locations in New Jersey and Texas in late 2019. It opened a new 20,000 square foot Toys R Us flagship store, also at the American Dream Mall, in December 2021. He said Babies R Us’ comeback will “mimic” that of Toys R Us: “Expect the same ambitious rollout,” said Shmidman, adding that WHP is looking at taking Babies R Us nationwide with a similar partnership to Macy’s-Toys R Us.
Persons: CNN —, Yehuda Shmidman, , Jarrett Birnbaum, reemergence, , Shmidman, Organizations: CNN, US, WHP, Tru, Macy’s, Bed Locations: New Jersey, Texas
Of course, he did, because you do not have 23 Grand Slam titles in the bank by ducking a fight in moments of crisis. Young pretenders have repeatedly tried and failed to take Djokovic down at Wimbledon -- Matteo Berrettini in the 2021 final and Nick Kyrgios last year. That he did it with Djokovic still at the peak of his powers and halfway to a calendar-year Grand Slam, made it feel like a seismic moment in men's tennis. "I've won some epic finals that I was close to losing so it's fair and square," Djokovic, who saved match points when beating Roger Federer in 2019, told reporters. The bull-like Spaniard, playing only his second Grand Slam final compared to Djokovic's record 35, might have folded after being schooled by the master in a 34-minute opening set.
Persons: Novak Djokovic, Carlos Alcaraz, Young, Matteo Berrettini, Nick Kyrgios, Boris Becker, Manuel Santana, Rafa Nadal, Djokovic, I've, Roger Federer, Carlos, Federer, Serena Williams, Spain's Carlos Alcaraz, Serbia's Novak Djokovic, Andrew Couldridge, Novak, King Felipe, Carlos Carlos, Margaret Court's, Alcaraz, Djokovic's, Martyn Herman, Toby Davis Organizations: Wimbledon, Lawn Tennis, Croquet Club, Serbia's Novak Djokovic REUTERS, Thomson Locations: ducking, Wimbledon, tennis, London, Britain
Olivia Bissanti, 23, has $60,000 in federal and private student debt. As a first-generation college student, Bissanti was the first in her family to achieve a higher education and navigate the financial system that comes along with it. Six months after graduating from college in 2021, Bissanti started making payments on her private student loans. Olivia Bissanti (right), 23, has $60,000 in private and federal student debt. At the end of June, the Supreme Court struck down President Joe Biden's plan to cancel up to $20,000 in student debt for federal borrowers.
Persons: Olivia Bissanti, she's, hasn't, Bissanti, I've, Joe Biden's, overreached, , Biden, Biden's, it's, There's, Bharat Ramamurti, that's Organizations: Service, Education Department, , Supreme, Higher, National Economic Council Locations: Wall, Silicon
The millionaire on a strict diet who's trying to age backward says he has no 'desire' for cheat days. Tech exec Bryan Johnson told Fortune it makes him "sick" to think of pizza and donuts. Bryan Johnson is following a strict diet in his attempt to reverse his biological age, but still says he has no interest in junk foods. Johnson also said, contrary to popular belief, he's happy following his strict regimen, which Bloomberg previously reported costs him $2 million a year. Johnson's strict diet includes consuming exactly 1,977 calories each day.
Persons: Bryan Johnson, Fortune, Johnson, Richard Organizations: Tech, Fortune, Bloomberg
Cristiano Ronaldo has become an investor in Chrono24, the global luxury watch resale marketplace. International soccer superstar Cristiano Ronaldo has become an investor in Chrono24, CEO Tim Stracke told Insider in an exclusive interview. Luxury watch resale prices have declined for more than a year. The investment comes at a rocky time for the luxury watch resale market, which has seen more than a year of price declines following the tightening of interest rates and the implosion of crypto. Stracke says he and Ronaldo both believe in the long-term prospects of the watch resale market.
Persons: Cristiano Ronaldo, Ronaldo, Tim Stracke, Forbes, Stracke, Chrono24, Bernard Arnault, Al Nassr, – Stracke, Jacob &, Franck Muller Cintree Curvex, Georgina Rodríguez Organizations: Aglae Ventures, Service, International, Manchester United, Portuguese national team, Nike, Rolex, Excel, Rodríguez's Rolex Locations: Chrono24, Wall, Silicon, Saudi, Dubai
However, it was 24-year-old Vondrousova who secured the crucial break at 4-4 when a baseline rally ended with Pegula sending a backhand long. The twists and turns kept coming, though, as Pegula began finding her range in the second set. In the decider, momentum looked to be staying with the 29-year-old Pegula as she saved three break points in the first three games and then broke Vondrousova by forcing her long. I just wanted to stay as long as I could and fought until the end and I'm just so happy. For Pegula, it was another quarter-final heartbreak, having never gone beyond the last eight at a Grand Slam.
Persons: Marketa Vondrousova, Jessica Pegula, Hannah Mckay LONDON, Ukraine's Elina Svitolina, Pegula, Vondrousova, Vondrousva, Zheng Jie, Barbora, Christian Radnedge, Ken Ferris Organizations: Lawn Tennis, Croquet Club, U.S, REUTERS, Wimbledon, Thomson Locations: London, Britain, Czech, Poland
The future of cruises: Bigger, longer and electric
  + stars: | 2023-07-08 | by ( Maureen O'Hare | ) edition.cnn.com   time to read: +4 min
Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. The new cruise eraConstruction is complete on the world’s biggest cruise ship, which is expected to set sail in Caribbean waters in January 2024. Royal Caribbean’s Icon of the Seas is nearly 1,200 feet long and will be home to the world’s largest waterpark at sea. China’s first homegrown large cruise ship, the Adora Magic City, recently undocked in Shanghai after four years of construction. And finally, an electric cruise ship with enormous solar sails is set to launch in 2030.
Persons: Habib Battah, didn’t, Umoja Organizations: CNN, Magic City, Haiwaiian Airlines, US State Department Locations: Italy, Magic, Shanghai, China, Taiwan, Australia, North Carolina, Wisconsin, Kenya, Antarctica, United States, Spanish, Malaga, It’s, South Carolina
This film, directed by the “Crazy Rich Asians” co-writer Adele Lim, may not reinvent the raunch-com wheel (see: “The Hangover,” “Girls Trip,” “Bridesmaids”), but it does change who’s driving the car. And, most importantly, it is really, really funny. “Joy Ride” processes all of its familiar ingredients into a sustained, sometimes near-berserk, barrage of jokes, interspersed with epic set pieces. That is, up until the two-thirds mark, when the movie paints itself into a corner and presses the “earnest sentimentality” eject button before managing a narrow escape. It’s a small price to pay for the inspired pandemonium that precedes.
Persons: , Adele Lim, Audrey, Ashley, Emily, Sherry Cola Organizations: Rich Locations: Paris ”, Pacific Northwest
It’s the 4th of July, I got to eat some hot dogs and get a win.”“I feel great,” he added. People take shelter from the rain Tuesday at the Nathan's hot dog eating contest. A spectacle of gluttonyMayoi Ebihara and Miki Sudo compete in the Nathan's hot dog eating contest on Tuesday. Amr Alfiky/ReutersChestnut was the heavy favorite on the men’s side and has now won 16 of the last 17 Independence Day contests, including 63 hot dogs last year. Sudo won last year’s title with 40 hot dogs and holds the women’s world record for eating 48.5 hot dogs in 10 minutes.
Persons: Joey Chestnut, Miki Sudo, Chestnut, ” Chestnut, I’m, , “ I’ve, I’ll, ” Geoffrey Esper, Australia’s James Webb, Amr Alfiky, Ebihara, , “ It’s, Mayoi Ebihara, Michelle Lesco, Sudo, Nathan’s Organizations: CNN, National Weather Service, FDNY, Lutheran Medical Center, Nathan’s, Professional League, WABC Locations: Coney Island , New York, Coney, Brooklyn, Coney Island, Sudo, Surf, New York City
CNN —Festivalgoers got more of an adventure than they bargained for Sunday when a roller coaster ride got stuck at a fair in Wisconsin, leaving them hanging upside down for hours. Eight passengers were left suspended when a mechanical failure stalled the ride at the Forest County Festival in Crandon, Wisconsin, the Crandon Fire Department said. Emergency personnel work to remove people from a stuck roller coaster in Crandon, Wisconsin, on July 2. Emergency personnel stand by as eight people are removed from a stuck roller coaster in Crandon, Wisconsin. The ordeal came two days after a father spotted a crack in a steel support pillar at the top of a roller coaster at Carowinds amusement park in Charlotte, North Carolina.
Persons: CNN — Festivalgoers, Brennan Cook, WJFW, ” Erica Kostichka, Kostichka, ” Cook Organizations: CNN, Crandon Fire Department, Antigo, EMS, WAOW, Fire Department, Firefighters Locations: Wisconsin, Forest, Crandon , Wisconsin, Charlotte , North Carolina, Rhinelander
“I’m not an engineer, but that’s not right,” Jeremy Wagner thought Friday on his visit to the Carowinds park in Charlotte, he told CNN. Wagner knew something was wrong when he spotted the aperture in the coaster’s infrastructure, he told CNN. The Fury 325 remains shuttered at the Carowinds amusement park. A “giga” roller coaster has a drop between 300 and 399 feet, according to Kings Island amusement park in Ohio. All rides, including Fury 325, “undergo daily inspections to ensure their proper functioning and structural integrity,” Carowinds said.
Persons: I’m, that’s, ” Jeremy Wagner, Erin Wilson, Wagner, Jeremy Wagner “, , ” Carowinds Organizations: CNN, Device, Sunday, giga Locations: North Carolina, Charlotte, South Carolina, North America, Ohio
A roller coaster at an amusement park in Charlotte, N.C., was shut down on Friday after a visitor spotted a large crack in one of the ride’s pillars. The Carowinds amusement park said that it closed the coaster, called Fury 325, “after park personnel became aware of a crack at the top of a steel support pillar.”The ride will remain closed as crews make repairs, Courtney McGarry Weber, a park spokeswoman, said. Erin Wilson, a spokeswoman for the North Carolina Department of Labor said on Sunday that its Elevator and Amusement Device Bureau “will be investigating and plan to be at Carowinds on Monday.”Jeremy Wagner, who was visiting the park with his daughter, son, niece and his son’s friend on Friday, recorded video of the crack.
Persons: Courtney McGarry Weber, Erin Wilson, ” Jeremy Wagner Organizations: North Carolina Department of Labor Locations: Charlotte, N.C
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CNN —A jury has acquitted on all counts the former school resource officer who stayed outside during the February 2018 massacre at Marjory Stoneman Douglas High School in Parkland, Florida – absolving him of wrongdoing in the rare trial of a law enforcement officer for his response to a mass shooting. His attorney argued the then-Broward Sheriff’s Office deputy didn’t enter the building under attack because he couldn’t tell where the shots were coming from. And even if Peterson had known where the shooter was, speculation he could have made a difference is false, Eiglarsh argued. Eiglarsh emphasized Peterson was at the scene for the last 4 minutes and 15 seconds of the shooting, which lasted about 6 1/2 minutes. Peterson also arrived at the scene without a bulletproof vest or rifle and called for measures to lock down the school, the attorney told jurors.
Persons: Marjory Stoneman, Scot Peterson, “ I’ve, ” Peterson, Peterson, didn’t, Scott Beigel, Meadow Pollack, Jaime Guttenberg, Cara Loughran, Joaquin Oliver, Peter Wang, Stacey Lippel, Anthony Borges, Kyle Laman, Marian Kabachenko, Peterson “, Kristen Gomes, Mark Eiglarsh, Amy Beth Bennett, AP Peterson, ” Eiglarsh, Eiglarsh, , Organizations: CNN, Marjory Stoneman Douglas High School, Broward, Broward County Sheriff’s, Broward Sheriff’s, BSO, Parkland Locations: Parkland , Florida, Broward County, Coral Springs, Florida
A Roller Coaster for Roller Coaster Nerds
  + stars: | 2023-06-29 | by ( Mekado Murphy | ) www.nytimes.com   time to read: +1 min
And then there’s the signature zero-G stall right after that. It really comes down to speed, because our goal is to be at zero-G throughout that entire stall. So you’re not sitting in your seat, and you’re not hanging on the lap bar. You’re just floating like an astronaut, is the feeling you’re going for. We’re looking for something that is going to make people take note.” And right then, we were on board.
Persons: you’re, we’re, Organizations: Atlanta
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