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☆ The death of hobbies
▼ + stars: | 2023-07-31 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +12 min

Research has found that hobbies can reduce stress, result in less severe disease outcomes, and even lead to a longer life. Baker believes that the replacement of hobbies with hustles stems from the way work changed when the pandemic sent everyone home. "If you're already on all the time, then why not try to get some money from that hobby," Baker said. But, she added, "One con is that you just don't have hobbies anymore because you've monetized them." And studies show that without hobbies, people are more likely to feel burned out and more stressed.

Persons: Tommy Wylde, Wylde, it's, I've, " Wylde, Wylde —, —, Erik Baker, Audrey Tang, Bankrate, Zers, Baker, Millennials, Gen Zers, Gen Xers, Grace Jicha Torres, Torres, Slack, you'll, Tang, he's, Eve Upton, Clark Organizations: eBay, Harvard, Bank of England Locations: Silicon Valley

☆ As Generative AI Reshapes the Workforce, These Companies May Be Most Affected
▼ + stars: | 2023-07-30 | by ( Betsy Morris | ) www.wsj.com time to read: 1 min

Journal Reports: LeadershipThe Best-Managed Companies Have the Most AI Jobs Postings. What Explains That? By Rick Wartzman , and Kelly TangIt may be a virtuous circle: The most-effective companies are good at looking ahead, and investing in AI makes them the most-effective companies.

Persons: Rick Wartzman, Kelly Tang

☆ The Best-Managed Companies Have the Most AI Jobs Postings. What Explains That?
▼ + stars: | 2023-07-29 | by ( Rick Wartzman | Kelly Tang | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

Elon Musk’s Unmatched Power in the Stars The tech billionaire has become the dominant power in satellite internet technology. Today, more than 4,500 Starlink satellites are in the skies, accounting for more than 50 percent of all active satellites. 53% of active satellites are Starlink.” The Starlink satellites are highlighted and are all operating in low-Earth orbit. How Starlink customers connect to the internet Starlink satellites orbit at much lower altitudes than traditional satellite internet services. “Everywhere on earth will have high bandwidth, low latency internet,” Mr. Musk predicted on the Joe Rogan podcast in 2020.

Persons: Elon Musk’s, Mark, Valeriy Zaluzhnyi, Elon Musk, Zaluzhnyi, General Zaluzhnyi, Musk, Musk’s, ”, Starlink’s, ” Mykhailo Fedorov, Mr, Biden, ” Dmitri Alperovitch, Sir Martin Sweeting, Sweeting, Mike Blake, Patrick Seitzer, Rafael Schmall, Joe Rogan, Jeff Bezos, Starlink, Russia —, Fedorov, —, Clodagh Kilcoyne, Nancy Pelosi, Colin H, Kahl, Lynsey Addario, messaged Mr, Lloyd Austin, Gregory C, Allen, we’ve, Mykhailo Podolyak, Volodymyr Zelensky, Jason Hsu, Hsu, “ Elon, Michael McCaul of, Tsai Ing, Tsai, Audrey Tang, Mariana Suarez, Thierry Breton, SpaceX, Chérif El, Amazon Organizations: Joint Chiefs of Staff, Ukraine’s Armed Forces, SpaceX, Tesla, Twitter, Mr, U.S . Defense Department, NASA, Senior Pentagon, The Defense Department, Starlink, European Union, Silverado, Accelerator, Surrey Satellite Technology, Reuters, Airbus, Earth, Getty, Satellite, University of Michigan, National Science Foundation, Rivals, Amazon, Origin, Viasat, Pentagon, CNN, The New York Times, U.S, Defense Department, Center for Strategic, International Studies, Elon, Harvard Kennedy School, Republican, House Foreign Affairs, OneWeb, Agence France, European, United Nations Locations: Ukraine, United States, Iran, Turkey, Japan, Starlink, Crimea, Russian, Starlinks, Europe, Taiwan, China, Beijing, British, Colorado, Cape Canaveral, Fla, —, California, Florida, Latin America, Africa, Nigeria, Mozambique, Rwanda, Ukrainian, Russia, Kreminna, Aspen, Colo, Kherson's, Kherson, Dnipro, Shanghai, Taipei, Michael McCaul of Texas, del, Uruguay, European Union

☆ Tupac Shakur’s self-designed ring becomes most expensive hip-hop artifact sold at auction
▼ + stars: | 2023-07-27 | by ( Christy Choi | ) edition.cnn.com time to read: +2 min

CNN —Late rapper Tupac Shakur’s gold, ruby and diamond crown ring fetched more than $1 million on Tuesday, becoming the most valuable hip-hop artifact ever sold at auction, according to Sotheby’s. From left: Snoop Doggy Dogg and Tupac Shakur show off their rings DMI/The LIFE Picture Collection//ShutterstockThe ring was designed over several months after the rapper signed with Death Row Records following a prison sentence of which he served eight months. It was modeled after the crowns of Europe’s medieval kings in “an act of self-coronation,” said Shakur’s godmother Yaasmyn Fula, who brought the ring to auction, according to a Sotheby’s press release. The ring on display ahead of Tuesday's hip-hop-themed auction. The wooden box, painted in the artist’s classic cartoonish style, sold within estimate at $76,200.

Persons: Tupac Shakur’s, Shakur, “, Kidada Jones, Quincy Jones, Snoop, Tupac Shakur, ”, Yaasmyn, De La Soul’s Kelvin Mercer, Alexi Rosenfeld, KAWS, UNKLE, James Lavelle, Wu, Tang, Bill Sienkiewicz, EPMD’s Organizations: CNN Locations: New York, “, York, American

New York CNN —In mid-July at the construction site at 1 Java Street in Brooklyn, New York, the outside temperatures can reach sweltering highs in the 90s. Geothermal technology is essentially a more eco-friendly version of an HVAC system, allowing the building spaces and water to be cooled and heated more efficiently, without traditional window AC units and natural gas. 1 Java Street in Brooklyn will use a geothermal sytstem for heating and cooling. In the winter, when the underground temperature exceeds the surface air temperature, water is used to transfer heat from the ground to building interiors; the process is reversed in the summer. Installing the building’s geothermal system increased construction costs by around 6%, according to Madi, and required securing equipment and trained manpower that remains relatively scarce.

Persons: New York CNN —, it’s, Biden, Layth Madi, Lendlease’s, “, ” Madi, ”, Adam Alaica, ” Alacia, — Madi, York —, Alacia Organizations: New, New York CNN, New York State, International Energy Agency, CNN, Marvel, Lendlease, Geosource Energy Locations: New York, Brooklyn , New York, Greenpoint, Brooklyn’s, New York City, Brooklyn, Madi, York

Reuters reports the fast fashion retailer is targeting a U.S. IPO in the second half of 2023. Shein notched its highest profit ever during the first half of this year, the company told investors in a letter, as rumors swirl over whether the fast-fashion juggernaut will file for a U.S. public offering. "We recorded the highest first half net profit in the company's history, compared to a near break-even during the same period in 2022," Tang wrote in the letter. In the letter, Tang delved into Shein's marketplace strategy and its recent launch in Brazil and the U.S. "This now makes up over one-third of Brazilian total [gross merchandise value]," Tang noted.

Persons: Shein, Donald Tang, Tang, Gen, Tang didn't Organizations: Reuters, U.S, CNBC, Wall Street Locations: Tokyo, U.S, Brazil, Mexico, Germany, Spain, France, Italy

☆ What new norm of slower Chinese growth could mean for the global economy
▼ + stars: | 2023-07-25 | by ( Elliot Smith | ) www.cnbc.com time to read: +7 min

Ying Tang | NurPhoto | Getty ImagesThe Chinese economy could be facing a prolonged period of lower growth, a prospect which may have global ramifications after 45 years of rapid expansion and globalization. The ruling Chinese Communist Party has set a growth target of 5% for 2023, lower than usual and notably modest for a country that has averaged 9% annual GDP growth since opening up its economy in 1978. For the global economy, however, the most immediate spillover of a Chinese slowdown will likely come in commodities and the industrial cycle, as China reconfigures its economy to reduce its reliance on a property sector that has been "absorbing and driving commodity prices." "This shift from a complementary economy, where Beijing and Berlin kind of benefit from each other, to now being competitors is another big consequence of the structural slowdown," Green said. He noted that beyond the immediate loss of demand for commodities, China's reaction to its shifting economic sands will also have "second order impacts" for the global economy.

Persons: Ying Tang, Julian Evans, Pritchard, Evans, it's, Xi Jinping's, Rory Green, Green Organizations: Beijing, Communist Party, Capital Economics, Triple, TS Lombard, CNBC Locations: Suzhou, Shanghai, China, Asia, Beijing, Japan, Brazil, Australia, Germany, Berlin

☆ ChatGPT helped a simulated study return up to 512% trading stocks based on news. Here's the prompt the researchers used — plus the positive and negative takeaways from their findings.
▼ + stars: | 2023-07-22 | by ( Laila Maidan | ) www.businessinsider.com time to read: +12 min

ChatGPT excelled at predicting a stock's price direction based on news sentiment. They found that while ChatGPT excelled at predicting a stock's direction based on news sentiment, it is not without limitations. They prompted ChatGPT to assign the following scores to headlines: "1" for good news, "0" for unknown and "-1" for bad news. Is this headline good or bad for the stock price of (company name) in the term (short or long-term)?" This meant negative news had a greater and longer impact in the real world than in the simulation,, likely giving ChatGPT an advantage, Lopez-Lira noted.

Persons: ChatGPT, Bard, Alejandro Lopez, Yuehua Tang, Merrill Lynch, Lopez, Lira, Tang, Russell, BERT, Philip Morris, Gene Tipps, David Capablanca, Alpesh Patel, Praefinium, Patel, Capablanca, GPT's, it's, Cory Mitchell, would've, Mitchell, you'll, they're Organizations: University of Florida, of Florida's Department, Finance, Lira, Center for Research, Linux, NYSE, Nasdaq, GPT, Design, Cadence Design, Philip Morris Beats, Global, Global Operations, Dow Locations: GPT

☆ Cambodia leader Hun Sen is set to win another one-sided election
▼ + stars: | 2023-07-21 | by ( Heather Chen | ) edition.cnn.com time to read: +8 min

“The July 23 election is just a day for Hun Sen to impose (his choices) onto the Cambodian people,” she said. A former Khmer Rouge commander who switched sides, Hun Sen has ruled Cambodia for nearly four decades. But in more recent years Hun Sen has turned increasingly autocratic – quashing dissent and jailing critics, forcing many to flee overseas. ‘Future prime minister’Political watchers say this Cambodian election will set the stage for Hun Sen’s transition of power to his son Hun Manet. Hun Manet walks past an honour guard during a military ceremony in Phnom Penh on June 18, 2020.

Persons: Cambodia’s, Hun Sen, –, crackdowns, Hun Sen’s, ”, Mu Sochua, “, …, Bridget Welsh, “ Hun Sen, ” Kenneth Roth, Hun Manet, Tang Chin Sothy, Welsh, ” Hun Manet, Markus Karbaum, ” Karbaum, Phil Robertson, Sam Rainsy, CHARLY TWO, Rainsy, Hun, ” Rainsy, “ I’ve Organizations: CNN, Voters, Cambodian People’s Party, “, Women, Veterans ’ Affairs, ” CNN, Human Rights, ‘, Cambodian, US Military Academy, West, New York University, University of Bristol, Getty, Cambodian People's Party, Cambodian National Rescue Party, Party, Human Rights Watch, Facebook, Reuters Locations: Cameroon, Equatorial Guinea, Cambodian, Cambodia, Khmer, China, Phnom Penh, AFP, ”, Sunday’s, Asia

☆ Analysis: French backlash scuppers appointment of US economist for EU Big Tech regulation
▼ + stars: | 2023-07-19 | by ( Foo Yun Chee | ) www.reuters.com time to read: +4 min

Vestager said she accepted Scott Morton's decision to quit with regret but economists warned that the debacle will leave the bloc's competition commissioner weakened. Vestager should have been more transparent on possible conflicts of interest, said EU lawmaker Paul Tang from the Netherlands. That didn't help the candidature of Scott Morton," he said. Vestager's defence of her choice at a hearing on Tuesday was disappointing, said EU lawmaker and French lawyer Stephanie Yon-Courtin, who opposed Scott Morton's appointment. The issue with this nomination was neither American nor French, it is a matter of European interest," she said.

Persons: Margrethe Vestager, Fiona Scott Morton, Scott Morton, Emmanuel Macron, Vestager, Scott Morton's, Paul Tang, Stephanie Yon, Alexandre De Streel, Jean Tirole, Jacques Cremer, Foo Yun Chee, Elaine Hardcastle Organizations: Union, Apple, Microsoft, Commission, EU, U.S . Department of Justice, Big Tech, European Union, Amazon, Namur University, Toulouse School of Economics, Thomson Locations: BRUSSELS, U.S, France, Yale, Netherlands, American

[1/5] A worker sweeps a street in the Central Business District on a rainy day in Beijing, China, July 12, 2023. REUTERS/Thomas PeterBEIJING, July 18 (Reuters) - China is entering an era of much slower economic growth, raising a daunting prospect: it may never get rich. He expects growth to slow to 3%, which "will feel like an economic recession" when youth unemployment is already above 20%. The April-June data puts 2023 growth on track for roughly 5%, with slower rates thereafter. But China's annual growth averaged around 7% last decade, and more than 10% in the 2000s.

Persons: Thomas Peter BEIJING, Desmond Lachman, year's, Wang Jun, Zheng Shanjie, Zheng, Richard Koo, Juan Orts, Xi Jinping's, Zhao, Cai Fang, Zhu Ning, Koo, Liangping Gao, Ellen Zhang, Ziyi Tang, Kevin Yao, Joe Cash, Marius Zaharia, David Crawshaw Organizations: Central Business District, REUTERS, American Enterprise Institute, Reuters, Communist, Huatai Asset Management, Reform Commission, Overseas, Nomura Research Institute, Fathom Consulting, Shanghai Advanced Institute of Finance, Thomson Locations: Beijing, China, Japan, United States, Young, Africa, Latin, U.S, Central

☆ Wimbledon men's final: Princess Charlotte and Prince George have a ball
▼ + stars: | 2023-07-17 | by ( Sana Noor Haq | ) edition.cnn.com time to read: +2 min

London CNN —Prince George and Princess Charlotte, the two oldest children of Britain’s Prince and Princess of Wales, sat on the edge of their seats in the Royal Box to watch the nail-biting men’s Wimbledon final on Sunday. Charlotte (center left), and George (center right) sit in the Royal Box ahead of the men's singles Wimbledon final on Sunday. Dylan Martinez/ReutersCharlotte and George cheer emphatically as they watch the epic men's finale of the prestigious tennis tournament. Alcaraz became the third-youngest Wimbledon champion in the Open Era, adding a second major title to his resume after winning the US Open in September. “Congratulations to the new men’s #Wimbledon champion @carlosalcaraz.

Persons: London CNN — Prince George, Princess Charlotte, Prince, Princess of Wales, Carlos Alcaraz, Novak Djokovic, Stella, Gordon Reid, George, Andrew Couldridge, Reuters Kate, Charlotte, Dylan Martinez, Karwai Tang, Prince William, Catherine , Princess of Wales, Alcaraz, Tim Clayton, Corbis, Kate, Julian Finney, Princess, Wales, ” King Felipe of, Brad Pitt, Daniel Craig, Rachel Weisz, Ariana Grande, Tom Hiddleston Organizations: London CNN, Wimbledon, UK’s, Media, Reuters, Getty, Charlotte, Djokovic, Lawn Tennis, Twitter, BBC, CNN’s Royal Locations: British, Charlotte, Reuters Charlotte, Kensington, ” King Felipe of Spain

☆ Brad Pitt among stars at Wimbledon for men’s final
▼ + stars: | 2023-07-16 | by ( Aimee Lewis | ) edition.cnn.com time to read: +1 min

CNN —Brad Pitt was among a number of celebrities and Royals who were treated to an epic men’s Wimbledon final on Sunday. The Hollywood star was on Centre Court to watch Novak Djokovic and Carlos Alcaraz slug it out in a thrilling five-set match. After nearly five hours, Alcaraz prevailed to win his first Wimbledon title. @Wimbledon Let’s goooooo.”Rachel Weisz and Daniel Craig were at Centre Court in a match that was decided in the fifth set. Karwai Tang/WireImage/Getty ImagesJames Bond star Daniel Craig and his wife Rachel Weisz were picked out by the TV cameras during the contest, as was former champion Andy Murray.

Persons: Brad Pitt, Novak Djokovic, Carlos Alcaraz, Alcaraz, Hugh Jackman, tweeting, “, ” Rachel Weisz, Daniel Craig, Karwai Tang, James Bond, Rachel Weisz, Andy Murray, Tom Hiddleston, Ariana Grande, Prince, Princess, Prince George, Princess Charlotte, King Felipe of Spain Organizations: CNN, Royals, Hollywood, Court, Wimbledon, goooooo Locations: Wales

☆ At American Apparel, a Sex-Positive Veneer Belied Abuse Underneath
▼ + stars: | 2023-07-14 | by ( Estelle Tang | ) www.nytimes.com time to read: +2 min

When she saw it again, “it had been sliced into pieces” so that the company could turn it into a mass-produced pattern. It was a fitting introduction to the company that would leach her useful qualities and mistreat the whole person. “Strip Tees” is devourable, rendered in efficient, colorful scenes. Flannery’s conversion from credulous retail recruit to company woman doesn’t trade in hyper-intellectual #MeToo-era analysis or retrospective scolding. “Shopgirls” appeared in the company’s advertisements, wearing hot shorts or ’70s-inspired tube socks and little else.

Persons: Kate Flannery, —, Flannery, baring velour romper, Dov Charney, “, ” Flannery, “ Shopgirls ” Locations: TEES, Los Angeles, kelly

He was expected to be arraigned Friday after his arrest Thursday night in Manhattan, said Suffolk County Police Commissioner Rodney K. Harrison. "We anticipate an indictment later on this afternoon," said Harrison, whose agency and the Suffolk County district attorney are leading the investigation. According to NBC New York, Gilbert was not the only victim who was a sex worker. In May 2022, Suffolk County police released 911 audio related to Gilbert's disappearance. The development comes after a multi-agency task force made up of FBI, New York State Police and Suffolk County authorities was established in February 2022 to "reinvigorate" the investigation.

Persons: Rex Heuermann, Rodney K, Harrison, Shannan Gilbert, Sherre Gilbert, I'm, Rex, Steve Bellone, Emma Tang, Melissa Barthelemy, Megan Waterman, Amber Lynn Costello, Maureen Brainard, Jessica Taylor, Taylor, Valerie Mack, Mack, Gilbert, Joseph Brewer, Gilbert didn't, Michael Pak, Mike, Brewer, Pak, let's Organizations: Suffolk County Police, NBC News, Attorney's, News, NBC, FBI, New York State Police Locations: Long, Massapequa, N.Y, Manhattan, Suffolk County, New York City, Nassau County, Suffolk, Gilbert, New Jersey, Oak Beach, Barnes, Manorville, Gilbert's, NBC New York

Every month, Jimmy Ly usually orders nearly 150 bottles of sriracha from Huy Fong Foods for one of his Vietnamese restaurants in New York City. The sauce opens the richness of a pho broth or adds a blast of heat to a banh xeo, a Vietnamese crepe. Sriracha can “really hit the sweet spot in terms of spice, sweetness, acidity, just that tang.”But a few months ago, supply began to dry up. So he, like some other Huy Fong enthusiasts, bought two large bottles on eBay for $35 each, about five times the usual price, to use at home. For the second year in a row, Huy Fong, the maker of the most popular variety of sriracha, is facing production issues, the company said in a statement this month, because of “a shortage of raw material” with “no estimations of when supply will increase.”

Persons: Jimmy Ly, It’s, Mr, Ly, Sriracha, Madame Vo, Monsieur Vo, Huy Fong Organizations: Huy Fong Foods, of, eBay Locations: Huy, New York City, East, of Manhattan

He said in the statement released by the St. Louis Fed that the regional bank "is well-positioned for ongoing success and impact." The St. Louis Fed said Kathleen O'Neill Paese, the regional bank's first vice president and chief operating officer, will act as interim president. The regional bank said its search committee will look nationally for a new leader, noting that its search will be "robust, transparent, fair and inclusive." While they operate under the oversight of the Board of Governors in Washington, regional Fed banks are quasi-private institutions technically owned by member banks. With Bullard's exit, there will be two unfilled regional Fed bank slots.

Persons: James Bullard, Bullard, Louis Fed, Mitchell, Daniels, Jr, doesn't, Tim Duy, Duy, Derek Tang, LH Meyers, Wrightson ICAP, Kathleen Bostjancic, Kathleen O'Neill Paese, Louis Fed's, Esther George, Michael S, Ann Saphir, Chizu Nomiyama, Paul Simao Organizations: Louis Federal Reserve, U.S, Purdue, St, School of Business, Federal, Macro, Fed, Purdue University, Minneapolis Fed, Nationwide, Brookings Institution, Governors, Kansas City Fed, Derby, Thomson Locations: Indiana, St, Washington

☆ Wimbledon 2023: 500 days after the invasion of Ukraine, Russian and Belarusian players are playing at Wimbledon. Here’s how it’s going
▼ + stars: | 2023-07-08 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +8 min

During the opening week, fans at Wimbledon have generally been quite warm to the Russian and Belarusian players but they’ve been especially enthusiastic to the Ukrainians. Unfortunately, they could not fight the professional Tours and others on their own,” added Zukin, who also said the ATP and WTA could do more to support Ukrainian players. CNN reached out to the WTA, ATP and The Russian Tennis Federation for comment. Tension simmers behind the scenesAway from the crowds and the cameras, Russian and Ukrainian tennis players revealed there are also strained relationships in Wimbledon’s locker rooms. Sabalenka condemned the booing and said she understands why Ukrainian players won’t shake her hand.

Persons: London CNN —, ”, they’ve, Sabalenka, I’m, Shi Tang, Russian Veronika Kudermetova’s, Elina Svitolina, ” Ukraine's Elina Svitolina, Tim Clayton, Corbis, Dmytro Kuleba, “, ” Kubela, Ian Hewitt, Yevhen Zukin, Kudermetova, Ben Rothenberg, Rothenberg, It’s, ” “, Marta Kostyuk, Javier Garcia, Kostyuk, Aryna Sabalenka, won’t, Anastasia Potapova, Iga, Slovakia’s Anna, Karolína, Svitolina, Daniil Medvedev Organizations: London CNN, Wimbledon, Lawn Tennis, Croquet Club, CNN, Russian, Belarusian Victoria Azarenka, Azarenka, Ukraine’s, Russia, All England, Tennis Federation of, Tennis Association, ATP, WTA, Russian Tennis Federation, Tennis, CNN Sport, Belarus, Aryna, Spartak Moscow, Melbourne Locations: Russia, Belarus, Ukraine, Belarusian, Russian, Svitolina’s, Odesa, Tennis Federation of Ukraine, Ukrainian, Kyiv, ” Russian

☆ DoorDash's 10-year march to dominance, from its start in a Stanford dorm room to knocking out Grubhub for No. 1 delivery app
▼ + stars: | 2023-07-08 | by ( Nancy Luna | ) www.businessinsider.com time to read: +1 min

Ten years ago, DoorDash launched a local delivery service from a Stanford dorm room. 1 food delivery operator in the US. Here are 10 big milestones for the on-demand delivery provider of groceries and restaurant meals. "Ultimately, our vision is to build the local, on-demand Fedex," DoorDash wrote in an October 2013 Medium post. The company started with food delivery but has since expanded to offer on-demand delivery of groceries, beauty supplies, and convenience store goods.

Persons: DoorDash, Tony Xu, Evan Moore, Stanley Tang, Andy Fang, Grubhub, Uber Organizations: Stanford, Service, Fedex Locations: Wall, Silicon, Stanford

☆ Goldman's China banks downgrade based on 'pessimistic assumptions' - state media
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +1 min

BEIJING, July 7 (Reuters) - Goldman Sachs' (GS.N) downgrade of some major Chinese lenders to "Sell" ratings is based on "pessimistic assumptions," state-backed Securities Times said in an editorial on Friday, as worries over the banking sector deepen amid a rocky economy. "It is not advisable to be bearish on the fundamentals of Chinese banks based on pessimistic assumptions, and to a large extent there is a misinterpretation," the newspaper said. Chinese bank shares listed in Hong Kong tumbled after the report was released. Investors are concerned about Chinese banks' exposure to local government debt, earnings risks stemming from such debt, and diverging fortunes among individual banks, Goldman said in the report. Chinese policymakers are stepping up efforts to boost infrastructure investment and are tackling hidden local government debts, the Securities Times said.

Persons: Goldman Sachs, Goldman, Ella Cao, Bernard Orr, Ziyi Tang, Jamie Freed Organizations: Securities Times, Agricultural Bank of China, Commercial Bank of China, Industrial Bank, Investors, Thomson Locations: BEIJING, Hong Kong

☆ Many Americans fear a recession as severe as 2008 could be coming. Here’s what experts say
▼ + stars: | 2023-07-07 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

To that point, 68% are expecting a recession in the next six months, and 80% of those respondents expect it to be severe. Experts weigh in3 reasons it can be smarter to rent, even if you can buy Yet, predictions from various experts are not as dire. watch nowAt Raymond James, the current forecast calls for a "very, very mild" recession, according to chief economist Eugenio Aleman. Raymond James is predicting a 1.3% growth rate for 2023 and 0.6% for 2024 — which coincides with the firm's forecast for a "very, very mild recession," Aleman said. To cope with high inflation, Nationwide's survey found more than half of respondents are eating out less, with 54%.

Persons: Jamie Grill, We're, Kathy Bostjancic, it's, Raymond James, Eugenio Aleman, Aleman, Nonfarm, —, Gray, Tang Ming Tung, Bostjancic Organizations: Finance, Nationwide, U.S . Department of Labor, ADP, Employers, Challenger, Federal Reserve, Getty, Auto Locations: U.S, American

☆ China complains to France after Chinese tourists hurt in riots
▼ + stars: | 2023-07-02 | by ( ) www.reuters.com time to read: +1 min

The Consulate General's formal complaint called for France to ensure the safety of Chinese citizens and their property, the statement said. The bus was attacked by rioters on Thursday, according to state broadcaster CCTV, during violence which hit French cities in recent days since the police shooting of a teenager of North African descent. The Chinese tourists have since left France, the Consular Office statement said. Chinese citizens in France or heading to France should "strengthen prevention" and be "more vigilant and cautious" in light of the riots which have swept across the country in recent days, the Consular office statement added. Reporting by Ziyi Tang and Martin Quin Pollard; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Persons: Ziyi Tang, Martin Quin Pollard, Muralikumar Organizations: China's, China's Consular, Thomson Locations: BEIJING, Marseille, France, North, Paris, Nice, Strasbourg

☆ The Supreme Court Has Opened the Door to Discrimination in 303 Creative. Here’s How States Can Slam It Shut. - The New York Times
▼ + stars: | 2023-07-01 | by ( Aaron Tang | ) www.nytimes.com time to read: +1 min

The Supreme Court has sided with a Christian graphic designer who refuses to create wedding websites for gay or lesbian couples. In 2018, the court faced a similar question when a Colorado baker violated the same anti-discrimination law by refusing to bake a wedding cake for a gay couple. The court ruled in favor of the baker on narrow grounds, ducking the broader free speech question. More than 20 states, including New York and California, have anti-discrimination laws like Colorado’s. By creating a free speech carve-out from these laws, the court’s ruling threatens to obliterate a vital tool in efforts to protect the L.G.B.T.Q.

Persons: Neil Gorsuch, ” Organizations: Creative, Alliance Defending Locations: Colorado, New York, California

☆ AMD's AI chips could match Nvidia's offerings, software firm says
▼ + stars: | 2023-06-30 | by ( Stephen Nellis | ) www.reuters.com time to read: +3 min

June 30 (Reuters) - Artificial intelligence chips from Advanced Micro Devices (AMD.O) are about 80% as fast as those from Nvidia Corp (NVDA.O), with a future path to matching their performance, according a Friday report by an AI software firm. Nvidia dominates the market for the powerful chips that are used to create ChatGPT and other AI services that have swept through the technology industry in recent months. That prompted MosaicML, an AI startup acquired for $1.3 billion earlier this week, to conduct a test comparing between AI chips from AMD and Nvidia. Tang said that MosaicML used its tools, the PyTorch and AMD software to train a large language model without having to make any changes to its code base. If developers can find AMD's chips at the right price, "you can already switch to these today they're essentially interchangeable" with Nvidia chips, Tang said.

Persons: MosaicML, Hanlin Tang, Tang, OpenAI, Stephen Nellis, Aurora Ellis Organizations: Micro Devices, Nvidia Corp, Nvidia, AMD, MosaicML, Meta, Thomson Locations: San Francisco

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