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☆ NBA roundup: Warriors hang 157 on Blazers, glide into playoffs
▼ + stars: | 2023-04-10 | by ( ) www.reuters.com time to read: +12 min

Shaedon Sharpe added 18 points to go with a team-high seven rebounds, while Jeenathan Williams had 17 points for Portland. New Orleans' Brandon Ingram had 42 points and 12 rebounds, CJ McCollum scored 23 points and Trey Murphy III had 20. Lindell Wigginton scored 17 points and Bobby Portis had 16 for the Bucks. Jaden Hardy led all scorers with 25 points, with Theo Pinson forging a triple-double (23 points, 13 rebounds, 12 assists) for the Mavericks. De'Aaron Fox, who scored 13 points, played less than 18 minutes.

☆ Macy's will have a new CEO. He's from Bloomingdale's
▼ + stars: | 2023-03-29 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

Macy’s (M) CEO Jeff Gennette will retire in 2024, the company announced Wednesday. Gennette, 61, has been Macy’s CEO for seven years. He led the 165-year-old department store chain through the rise of Amazon (AMZN), the Covid-19 pandemic, and industry upheaval. Under Gennette, Macy’s most notably built out its online platform and shifted away from malls. “Thanks to Mr. Gennette, Macy’s isn’t dead or even circling the drain,” GlobalData Retail analyst Neil Saunders said in a note to clients Wednesday.

☆ Another SEAL parachuting death highlights the inherent danger of US special operators' go-to infiltration method
▼ + stars: | 2023-03-29 | by ( Stavros Atlamazoglou | ) www.businessinsider.com time to read: +6 min

Deadly accidentsNaval Special Warfare operators perform a free-fall jump in Alaska in September. The incident, which likely happened during as part of a pre-deployment workup, is still under investigation, according to Naval Special Warfare Command. Despite that danger, however, free-fall parachuting is also extremely valuable as an insertion method for special-operations units. The Navy SEAL community — especially the Naval Special Warfare Development Group, formerly known as SEAL Team 6 — is well-versed in free-fall operations. Most US special-operations units have recognized the value of free-fall parachuting and have incorporated it into their training.

☆ Warren Buffett in discussions with Biden officials on banking crisis
▼ + stars: | 2023-03-18 | by ( ) www.reuters.com time to read: +1 min

[1/2] Warren Buffett, Chairman, CEO and largest shareholder of Berkshire Hathaway takes part in interviews before a fundraising luncheon for the nonprofit Glide Foundation in New York September 8, 2015. REUTERS/Lucas Jackson/File PhotoWILMINGTON, Delaware, March 18 (Reuters) - Berkshire Hathaway Inc's (BRKa.N) Warren Buffett has held discussions with senior Biden adminstration officials about the banking crisis, a source familiar with the matter told Reuters on Saturday. Bloomberg News reported earlier that Buffett had been in touch with administration officials in recent days about the regional banking crisis, Bloomberg News reported on Saturday. The source declined to elaborate on the details of the discussions. The collapse of Silicon Valley Bank and Signature Bank this month has shaken confidence in the banking system and prompted a sell-off in banking stocks.

☆ Ukrainian pilots are calling the US Air Force for tips on using US-made missiles and bombs
▼ + stars: | 2023-03-13 | by ( Christopher Woody | ) www.businessinsider.com time to read: +6 min

Members of the US Air National Guard have been providing advice for using US-made weaponry. Despite US support, Ukraine's air force is still at a disadvantage against Russia's larger force. Ukraine's air force still faces a tough operating environment. A California Air National Guard officer discusses exercise Safe Skies with his Ukrainian counterparts in July 2011. Ukrainian Air Force via Twitter"We've just got them some precision munitions that have some extended range and go a little bit further than a gravity-dropped bomb," Hecker added.

[1/2] Actor Robert Blake speaks to reporters as he walks to Burbank Courthouse in Burbank, California, U.S. August 29, 2005. A wrongful death lawsuit subsequently filed against Blake by her estate led to a civil court judgment that the actor was responsible for her slaying. Blake contended his wife was a victim of her own checkered past, gunned down by an unknown assailant. Blake's acting work was overshadowed four years later by the Bakley murder, which remains unsolved. A paternity test showed that the father was Blake, not Christian Brando, son of actor Marlon Brando, who Bakley had been dating simultaneously.

☆ How weapons from Western allies are strengthening Ukraine's defence
▼ + stars: | 2023-03-10 | by ( ) www.reuters.com time to read: +15 min

In the months after, artillery ammunition came, then Western artillery and vehicles. Ground-Launched Small Diameter BombAdd a description of the graphic for screen readers. Add a description of the graphic for screen readers. Although it uses a NATO-standard calibre for its main gun--120mm--the Challenger 2's barrel is rifled, unlike the smoothbore weapons used in other Western tanks. Air defense Ukraine's civilian infrastructure, including power plants and residential buildings, have come under increasing attack from Russian missiles and one-way drones, often launched from outside Ukraine's territory.

☆ Premarket stocks: What to watch as Fed Chair Powell testifies before Congress
▼ + stars: | 2023-03-07 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +5 min

New York CNN —Federal Reserve Chair Jerome Powell is on the hot seat this week as he testifies before Congress. Powell will have some good news to report — when he last testified before Congress in June, the inflation rate was at 40-year-highs, nearing 9%. Investors will also be on edge — hawkish language or even an aggressive tone from Powell could lead to market volatility. Some Fed officials agree. Economists, business leaders, investors and even Fed officials aren’t really sure about what’s happening.

☆ Larry Summers: US economy could hit an ‘air pocket’ in the coming months
▼ + stars: | 2023-03-06 | by ( Alicia Wallace | ) edition.cnn.com time to read: +3 min

“The process of bringing down inflation will bring on a recession at some stage, as it almost always has in the past,” Summers said. “The economy could hit an air pocket in a few months,” he said. Former Treasury Secretary Larry Summers tells CNN's Poppy Harlow in a March 6, 2023, interview that the economy could face a "Wile E. Coyote" moment in the coming months. CNNFor the past year, the Fed has enacted a series of interest rate hikes aimed at chilling demand and cooling down historically high inflation. In February, the Fed’s policymaking committee approved a quarter-point interest rate hike — its smallest increase in several months.

☆ Fed's Powell heads to Capitol Hill this week, and he's going to have his hands full
▼ + stars: | 2023-03-06 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

It was made worse by the Fed not recognizing it in 2021," said Komal Sri-Kumar, president of Sri-Kumar Global Strategies. "If you're going to have a no-landing scenario, then you're going to accept 5% inflation, and that's politically unacceptable. He has to work on bringing inflation down, and because the economy is so strong it's going to get delayed. 'Ongoing increases' aheadFor his part, Powell will have to find a landing spot between the competing views on policy. However, Guha said that Powell is unlikely to tee up the half-point, or 50 basis point, rate hike later this month that some investors fear.

☆ Has the Basic Black Dress Disappeared?
▼ + stars: | 2023-03-04 | by ( Christine Lennon | ) www.wsj.com time to read: +1 min

AS A BABY EDITOR at fashion magazines in the 1990s, I was raised on a steady visual diet of the chicest black clothes. The office grown-ups at Harper’s Bazaar, W and Vogue would glide down the halls in form-fitting knits or svelte Helmut Lang pants that grazed their Manolo Blahnik BB pumps. Their sleek black Jil Sander suits and pencil skirts were constructed with care. My middle-aged years, it seemed, were going to be sartorially amazing: Choosing an artful black wardrobe would give me license to ignore lesser trends, signify maturity and fill my closet with essentials to rely on for decades—especially once I had the financial leeway to splurge on quality pieces. My commute is 30 feet to an office above our garage, my co-workers two terriers that shed shamelessly, leaving anything I wear covered in hair.

☆ Virgin Galactic completes lengthy upgrade process ahead of resuming spaceflights
▼ + stars: | 2023-02-28 | by ( Michael Sheetz | ) www.cnbc.com time to read: +2 min

An aerial view of carrier aircraft VMS Eve, left, and spacecraft VSS Unity, at Spaceport America in New Mexico on Feb. 27, 2023. Virgin Galactic said on Tuesday it remains on track to resume spaceflights in the coming months after completing upgrades to its carrier aircraft and spacecraft. During that period Virgin Galactic conducted a variety of repairs and enhancements to its jet-powered mothership, called VMS Eve. Then Virgin Galactic will conduct glide tests, where VMS Eve carries the spacecraft and releases it, before a test spaceflight with a full company crew onboard. Shares of Virgin Galactic are up about 65% this year as of Tuesday's close of $5.74 per share.

☆ S&P 500 index seen climbing 5% by end of 2023: Reuters poll
▼ + stars: | 2023-02-22 | by ( Sinéad Carew | ) www.reuters.com time to read: +3 min

The S&P 500 was expected to end 2023 at 4,200 points, which would amount to a 9.4% increase for the calendar year, according to the median forecast of 42 strategists polled by Reuters. After falling 19.4% in 2022, the S&P 500 index is up 4.1% for the year so far. S&P valuations have fallen but still above 20-year averageAs of Feb. 17, Wall Street's expectation for S&P earnings growth for 2023 has fallen to 1.6% from an expected 4.4% on Jan. 1, according to Refinitiv. But while Sandven's year-end S&P 500 target doesn't depend on interest rate cuts he said "it does depend on moderating inflation and improved earnings visibility". Strategists had expected the Dow to end 2023 at 36,500, according to a November poll.

☆ S&P 500 index seen climbing 5% by end of 2023
▼ + stars: | 2023-02-22 | by ( Sinéad Carew | ) www.reuters.com time to read: +3 min

☆ Russia will not fire Zircon missile at South Africa naval exercise
▼ + stars: | 2023-02-22 | by ( Siyabonga Sishi | ) www.reuters.com time to read: +3 min

[1/5] Russian frigate Admiral Gorshkov and Chinese frigate Rizhao (598) are seen ahead of scheduled naval exercises with Russian, Chinese and South African navies, in Richards Bay, South Africa, February 22, 2023. REUTERS/Rogan WardSummary Russian media reported planned test launch of hypersonic weaponSouth Africa hosting drills with Russia, ChinaWestern diplomats have voiced alarm over drillsRICHARDS BAY, South Africa, Feb 22 (Reuters) - Russia's navy will not fire its new generation "Zircon" hypersonic missile during a joint exercise with South Africa and China, a senior Russian naval officer said on Wednesday, contradicting an earlier Russian media report. A Russian frigate armed with the Zircon weapon system has been deployed to the joint exercise. Along with the Avangard hypersonic glide vehicle which entered combat duty in 2019, the Zircon forms the centrepiece of Russia's hypersonic arsenal. South Africa has defended its decision to host the Mosi II naval exercise despite the concerns of diplomats from European Union and NATO countries.

☆ Putin says Russia to deploy Sarmat nuclear missiles
▼ + stars: | 2023-02-22 | by ( Guy Faulconbridge | ) www.reuters.com time to read: +4 min

[1/2] Russian President Vladimir Putin delivers his annual address to the Federal Assembly in Moscow, Russia February 21, 2023. Sputnik/Dmitry Astakhov/Kremlin via REUTERSSummary Russia to deploy Sarmat missilesRussia to roll out hypersonic missilesRussia to add more nuclear submarinesPutin continues nuclear signalling to WestMOSCOW, Feb 23 (Reuters) - President Vladimir Putin said on Thursday that Russia would pay increased attention to boosting its nuclear forces by deploying a much delayed new intercontinental ballistic missile, rolling out hypersonic missiles and adding new nuclear submarines. A year since ordering the invasion of Ukraine, Putin has signalled he is ready to rip up the architecture of nuclear arms control - including the big powers' moratorium on nuclear testing - unless the West backs off in Ukraine. "As before, we will pay increased attention to strengthening the nuclear triad," Putin said, referring to nuclear missiles based on land, sea and in the air, in an address broadcast on state television. In addition, Putin said, Russia would continue mass production of air-based hypersonic Kinzhal systems and would start mass supplies of sea-based Zircon hypersonic missiles.

Feb 14 (Reuters) - U.S. President Joe Biden is expected to name Federal Reserve Vice Chair Lael Brainard as his top economic policy adviser as early as Tuesday, a source familiar with the matter said, as the 2024 elections approach. Brainard, an experienced fiscal and monetary affairs official, would replace White House National Economic Council (NEC) Director Brian Deese, who has announced his resignation. In addition, Biden confidant Jared Bernstein is expected to replace Cecilia Rouse as chair of the Council of Economic Advisers, the source said. The White House declined to comment. Biden's overhaul of his top economic team comes as the Fed is still trying to glide inflation down without causing a recession.

☆ Iran unveils underground base meant to protect its aging US-made fighter jets
▼ + stars: | 2023-02-08 | by ( Stefano D'Urso | The Aviationist | ) www.businessinsider.com time to read: +4 min

Iran unveiled an underground air force base called "Eagle 44" for the 44th anniversary of the Iranian revolution. The underground base is said to be the first large enough to host fighter jets and one of several being built. During the visit of the officers, the aging F-4 Phantoms jets of the Islamic Republic of Iran Air Force were shown starting up and taxiing through the tunnels to reach the runway outside of the underground base. Iranian military officials at underground air force base "Eagle 44" on February 7. According to Tasnim, the new missile was put on display in the new underground base, but Su-24s and the "Asef" missile were nowhere to be seen in the photos and videos shared by the news agencies.

☆ Your next flight might land a lot smoother and quieter than you're used to as new rules that save fuel expand to more airports
▼ + stars: | 2023-02-07 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +3 min

An Optimized Profile Descent is a smooth way of landing planes with their engines close to idle. The new, smoother landing approach — "a gracious slide through the clouds," according to one flight reviewer — is called "Optimized Profile Descent" by the Federal Aviation Administration. "So it's a win, win, win and a win," John-Paul Clarke, an aerospace engineering and engineering mechanics professor at the University of Texas, Austin, who has studied continuous descents, told Scientific American. The FAA started using optimized profile descents" in 2014. Other sustainability efforts include increasing the production of Sustainable Aviation Fuel — or SAF — a fuel that's similar to conventional jet fuel but can be up to 80% less carbon intensive.

"This could slow down [a Russian assault] significantly," said Andriy Zagorodnyuk, Ukraine's former defence minister. This was a major boost for the Ukrainian military, allowing it to destroy Russian ammunition dumps and weapons storage facilities. "We are currently unable to reach Russian military facilities more than 80 kilometres away," said Ukrainian military analyst Oleksandr Musiyenko. Beyond the logistical impact, the addition of a longer-range weapon to Ukraine's arsenal could help shake Russian confidence. Still, said Karako, it is possible the Ukrainians could end up receiving an even longer range weapon in the future.

☆ Major central banks set to signal interest rate glide path in crucial week for monetary policy
▼ + stars: | 2023-02-01 | by ( Elliot Smith | ) www.cnbc.com time to read: +7 min

A screen displays the Fed rate announcement as a trader works on the floor of the New York Stock Exchange (NYSE), November 2, 2022. Brendan McDermid | ReutersThe U.S. Federal Reserve, European Central Bank and Bank of England are all expected to hike interest rates once again this week, as they make their first policy announcements of 2023. Economists will be watching policymakers' rhetoric closely for clues on the path of future rate hikes this year, as the three major central banks try to engineer a soft landing for their respective economies without allowing inflation to regain momentum. The market is now pricing in this eventuality, but the key question is what the FOMC will indicate about further rate hikes in 2023. "Fewer hikes might be needed if the recent weakening in business confidence captured by the survey data depresses hiring and investment more than we think, substituting for additional rate hikes," Mericle said.

☆ U.S. readies $2 billion-plus Ukraine aid package with longer-range weapons -sources
▼ + stars: | 2023-01-31 | by ( Mike Stone | ) www.reuters.com time to read: +3 min

The aid is expected to be announced as soon as this week, the officials said. It is also expected to include support equipment for Patriot air defense systems, precision-guided munitions and Javelin anti-tank weapons, they added. At the time it was expected GLSDB could be in Ukraine by spring. That aid was expected to include mine-resistant ambush-protected vehicles (MRAPs), guided multiple launch rocket systems (GMLRS) and ammunition. The U.S. has sent approximately $27.2 billion worth of security assistance to Ukraine since Russia's February 2022 invasion.

☆ How ballroom dance become a refuge for Asian immigrants
▼ + stars: | 2023-01-27 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +7 min

Three days a week, Edward Wan, of Bethesda, Maryland, steals away to a ballroom dance studio so he can glide across the floor in the company of older Chinese immigrants like him. Wan, 78, is one of the countless Asian immigrants who’ve regarded ballroom dance as a sort of creative sanctuary, but are now shaken by the two shootings incidents, one of them deadly, that shook California dance halls on Saturday. “It’s an injustice to ballroom dance. Ballroom dance itself is almost like going to learn poetry or sitting down to meditate,” Wan said. Ballroom dance helped him move forward, he said.

President Joe Biden is searching for a replacement for National Economic Council (NEC) Director Brian Deese, who is expected to leave soon. Interviews are still ongoing to replace him, according to the sources who declined to discuss an ongoing personnel process. Biden's team is also starting to craft an economic message for his expected 2024 re-election campaign. But reducing high inflation became the administration's top economic priority last year as rising costs began to anger voters. She previously served as the Treasury's point person on international affairs during the Obama administration.

☆ Robert De Niro was almost my 50-50 partner in MoviePass — and he showed me the 'Raging Bull' boxing ring to try to seal the deal
▼ + stars: | 2023-01-23 | by ( Stacy Spikes | ) www.businessinsider.com time to read: +15 min

One night, I said to Marianne, "What if we made a Netflix for the movie theater industry? I tried to push my subscription idea, but it fell flat. I continued to tread water on my subscription idea, but things were slow going. One Saturday, a dear friend of ours named Peter called and asked how the movie subscription idea was coming. They're interested in buying both the Urbanworld Film Festival and the movie subscription company for one million dollars.

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