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☆ Diaries, ex-husbands, and mowing the lawn in high-heel boots: Inside the making of Netflix's Pamela Anderson documentary, 'Pamela, a Love Story'
▼ + stars: | 2023-01-28 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +11 min

Pamela Anderson. The legal pads and crates of diaries found near the VHS tapes would become the foundation for White's Pamela Anderson documentary. Pamela Anderson in "Pamela, a Love Story." Pamela Anderson and Tommy Lee. "The Pamela Anderson I know is very different from the Pamela Anderson in the show," White said.

☆ Businesses see lower odds U.S. in or entering recession, NABE says
▼ + stars: | 2023-01-23 | by ( ) www.reuters.com time to read: +2 min

[1/2] People line up outside a Kentucky Career Center hoping to find assistance with their unemployment claim in Frankfort, Kentucky, U.S. June 18, 2020. Approximately 53% of those polled by the National Association of Business Economics (NABE) said they had a more than-even expectation the United States would enter a recession over the next 12 months, while 3% indicated they thought the country was already in one. In the NABE's previous poll released in October, 64% of respondents indicated that the U.S. economy was either already in a recession or had a more-than-even likelihood of entering one in the next 12 months. A total of 60 NABE members who work for private-sector firms or industry trade associations responded to the latest survey, which was conducted from Jan. 4-11. Inflation, based on the Fed's preferred measure, is still nearly three times the central bank's 2% target.

[1/3] Mexico City's Mayor Claudia Sheinbaum speaks near Mexico's President Andres Manuel Lopez Obrador (not pictured) during a news conference at the Old City Hall (Antiguo Palacio del Ayuntamiento), in Mexico City, Mexico January 20, 2023. "If accidents continue, like a cable or the signal system breaks, the National Guard is not going to detect that or make a difference," Miranda said. A school collapse that killed 19 children in a 2017 earthquake happened on her watch as a district mayor of Mexico City. She filed a criminal complaint accusing two prior attorneys for the district of failing to enforce the law after discovering illegal construction, and became Mexico City Mayor in 2018. Now, Lopez Obrador has backed her decision to use the National Guard, in a clear sign of support for her.

☆ Futures fall as weak data fuel recession worries, Fed comments on tap
▼ + stars: | 2023-01-19 | by ( ) www.reuters.com time to read: +2 min

SummarySummary Companies Futures down: Dow 0.52%, S&P 0.54%, Nasdaq 0.61%Jan 19 (Reuters) - U.S. stock index futures fell on Thursday after weak economic data fueled recession worries, while investors await comments from more Federal Reserve officials for clues on the central bank's path of monetary tightening. "For once bad news really was bad news because of the implications it might have for interest rates. Weak retail sales suggested consumers' resilience may have been pushed beyond breaking point," said Russ Mould, investment director at AJ Bell. Analysts now expect year-over-year earnings from S&P 500 companies to decline 2.6% for the quarter, according to Refinitiv data, compared with a 1.6% decline in the beginning of the year. ET, Dow e-minis were down 173 points, or 0.52%, S&P 500 e-minis were down 21.25 points, or 0.54%, and Nasdaq 100 e-minis were down 69.5 points, or 0.61%.

The only HIV vaccine in a late-stage trial has failed, researchers announced Wednesday, dealing a significant blow to the effort to control the global HIV epidemic and adding to a decadeslong roster of failed attempts. “I don’t think that people should give up on the field of the HIV vaccine,” Fauci said. Fauci said that a critical limitation of the Mosaico vaccine was that it elicited what are known as non-neutralizing — as opposed to neutralizing — antibodies against HIV. As with the Thai trial, the hope is to channel research findings into future HIV vaccine development. To prove a vaccine works, researchers must recruit participants who remain at substantial risk of HIV over time.

Before the market opened, U.S. economic data showed retail sales and producer prices declined more than expected in December, while production at U.S. factories fell more than expected and November output was weaker than thought. The Dow Jones Industrial Average (.DJI) fell 613.89 points, or 1.81%, to 33,296.96 and the S&P 500 (.SPX) lost 62.11 points, or 1.56%, to 3,928.86. Today's economic data served as a trigger to initiate a profit taking spell and the groups with most profits to take have been the ones that have done best last year," said Stovall. Earlier in the day, St. Louis Fed President James Bullard and Cleveland Fed President Loretta Mester stressed on the need to raise rates beyond 5% to bring inflation to heel. The S&P 500 posted nine new 52-week highs and 2 new lows; the Nasdaq Composite recorded 78 new highs and 20 new lows.

☆ U.S. dollar advances vs major currencies as risk appetite fades
▼ + stars: | 2023-01-18 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +5 min

The earlier sell-off in the dollar came after the Bank of Japan maintained ultra-low interest rates. In afternoon trading, the U.S. currency rose against the commodity-linked currencies such as the Australian, New Zealand, and Canadian dollars, which sensitive to risk appetite. The Australian dollar fell 0.7% to US$0.6936, after hitting its highest since August last year. In Japan, the BOJ kept intact its yield curve control (YCC) targets, set at -0.1% for short-term interest rates and around 0% for the 10-year yield, by a unanimous vote. The dollar rose as much as 2.7% to 131.58 yen before gains were pared.

Markets reacted positively to data, which showed retail sales and producer prices declined more than expected in December. However, the gains were short-lived as St. Louis Fed President James Bullard and Cleveland Fed President Loretta Mester stressed on the need to raise rates beyond 5% to bring inflation to heel. U.S. stock markets have started 2023 on a strong footing on hopes that a moderation in inflationary pressures could give the Fed cover to dial down the size of its interest rate hikes. Declining issues outnumbered advancers for a 1.23-to-1 ratio on the NYSE and a 1.53-to-1 ratio on the Nasdaq. The S&P index recorded nine new 52-week highs and two new lows, while the Nasdaq recorded 63 new highs and 12 new lows.

☆ Fed's Mester says rates need to rise "a little bit" above 5%
▼ + stars: | 2023-01-18 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

A U.S. Dollar note is seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration(Reuters) - The Federal Reserve needs to raise interest rates a “little bit” above the 5.00% to 5.25% range in order to bring inflation to heel, Cleveland Fed President Loretta Mester said on Wednesday, as she declined to disclose her preferred size of move at the upcoming policy meeting. “We’re not at 5% yet, we’re not above 5%, which I think is going to be needed given where my projections are for the economy,” Mester said in an interview with the Associated Press. “We’re beginning to see the kind of actions that we need to see,” Mester added. “Good signs that things are moving in the right direction ... That’s important input into how we’re thinking about where policy needs to go.”Fed Chair Jerome Powell tested positive for COVID-19 on Wednesday and is experiencing mild symptoms, the central bank said in a statement on Wednesday.

Eight of France’s largest unions - covering transportation, education, police, executives and public sectors - called for Thursday to be the “first day of strikes and protests” against the proposed pensions reform. Widespread strikes are expected, and it may be “a hellish Thursday” on public transport networks, Transport Minister Clement Beaune warned French broadcaster France 2 Tuesday. Paris’ transport authority predicts “very disrupted” service on the city’s transport network. But many have blasted the reforms as ill-timed at best; at worst, an insult to hard-working people in France. “This reform falls at a moment where there is lots of anger, lots of frustration, lots of fatigue.

[1/4] Turkish President Tayyip Erdogan and Central Bank Governor Sahap Kavcioglu are pictured during a signing ceremony in Ankara, Turkey, June 8, 2022. But his drastic transformation of the economy and financial markets means such a change would bring its own uncertainties. The election will also determine what role regional military power and NATO member Turkey plays in conflicts in Ukraine, where Erdogan has helped broker talks, and in neighbour Syria. In the short-term it seems to have worked however, halting a years-long rise in Turks converting lira into dollars. Last week, Turkey had no problem borrowing $2.75 billion from international capital markets.

☆ The best indoor and outdoor cycling shoes of 2023
▼ + stars: | 2023-01-17 | by ( Harry Rabinowitz | Harry Rabinowitz Is A Reporter For Select On Nbc News. | ) www.nbcnews.com time to read: +10 min

SKIP AHEAD Best cycling shoes | Best spinning shoes | How to get the most out of your cycling shoesWhat exactly are cycling shoes? Generally, cycling shoes, whether they are for indoor or outdoor use, are lightweight and more rigid than your average gym or running shoes. Different types of cycling shoesSince cycling includes so many different disciplines, there are a lot of different kinds of cycling shoes. Best cycling shoesBest basic road cycling shoes: BontragerFor those who are looking to stick to an entry level price point, Seacat recommends the Bontrager Circuit road cycling shoe. Cycling shoes have a break-in periodOur experts said that cycling shoes have a break in period.

☆ How WWE’s Vince McMahon ruthlessly got his job back despite allegations of sexual assault and misuse of company funds
▼ + stars: | 2023-01-14 | by ( Kyle Feldscher | ) edition.cnn.com time to read: +12 min

WWE has always been a family business – Vince McMahon, Sr., handed over the reins to his son in the 1980s – and it seemed set to continue that way. Why was Vince McMahon stepping aside such a big deal? Vince McMahon was more akin to a king than a business executive in the world of WWE, his fingerprints on everything. Once considered a wrestling genius, critics have more recently come to consider Vince McMahon a creative liability. McMahon,” Vince McMahon’s devious on-screen character, who served as wrestling’s greatest heel for years in the late 1990s and early 2000s.

☆ Wells Fargo profit falls 50% on higher reserves, costs
▼ + stars: | 2023-01-13 | by ( ) www.reuters.com time to read: +3 min

Jan 13 (Reuters) - Wells Fargo & Co (WFC.N) on Friday reported a 50% decline in profit for the fourth quarter as the bank racked up more than $3 billion in costs related to a fake accounts scandal and boosted loan loss reserves for a potential economic slowdown. Provision for credit losses were $957 million in the quarter, compared with a $452 million release a year earlier. Provision for credit losses in the quarter included a $397 million increase in the allowance for credit losses primarily reflecting loan growth, as well as a less favorable economic environment, the bank said. Higher borrowing costs have also softened demand for mortgages and car loans, crimping banks' revenues. As part of his turnaround plan, Scharf aims to cut costs, scale back Wells Fargo's huge mortgage business and expand its investment banking business.

Tennis star Naomi Osaka announced her pregnancy Wednesday, explaining why she withdrew from the Australian Open a few days prior. She told fans that this year will be one "full of lessons" and that she hopes to see everyone at next year's Australian Open. 1 by the WTA, Osaka won both the Australian and U.S. opens twice from 2018 to 2021. She made headlines in May 2021 when she announced she would not compete at the French Open, citing anxiety over post-match news conferences. Despite the tumultuous year, Osaka finished the 2021 season remaining ranked No.

☆ Six N.F.L. Players Show Football’s Grind on Their Feet and Hands
▼ + stars: | 2023-01-11 | by ( Ken Belson | Joe Drape | ) www.nytimes.com time to read: +19 min

Players Show Football’s Grind on Their Feet and HandsOver the course of the long and brutal N.F.L. season, players’ feet and hands take a beating on nearly every snap. But in practice a few days later, he was running drills and landed awkwardly, spraining an ankle and stretching the tendons in his right foot. The next week Jones caught six passes for 109 yards and three touchdowns as the Jaguars shocked the Dallas Cowboys, 40-34. “The therapist spends a lot of time on my hands and feet,” he said.

"Eventually I want us to get to 25" basis point rate hikes, he said. Asked in a Wall Street Journal interview early on Monday about her preferred rate-hike size for the Jan. 31 to Feb.1 meeting, San Francisco Fed President Mary Daly said both 25 and 50 basis point rate hikes are "on the table" for her. She, like Bostic, expects the Fed policy rate - now at 4.25% to 4.5% - to need to rise to a 5% to 5.25% range to do the job on inflation. After nearly a year of aggressive rate hikes designed to slow the economy and bring soaring inflation to heel, Fed policymakers say they are encouraged by the recent slowing in jobs and wage growth that could signal cooler inflation ahead. But they are loathe to stop interest rate hikes or even downshift to smaller rate-hike increments too soon, for fear of entrenching high inflation and ultimately forcing the Fed to raise rates further.

Nearly 165 million people were either in jobs or looking for them last month, a record high that showed a long-hoped-for improvement in labor supply. Reuters Graphics Reuters GraphicsThe jobs report is "the embodiment of the soft landing narrative - this idea that can you have a strong labor market with slowing wage growth," said Simona Mocuta, chief economist at State Street Global Advisors. Ideally, she said, that should allow the Fed to slow and soon pause its interest rate hikes. Reuters Graphics Reuters GraphicsTraders took the report as evidence the Fed's work is near to being done. Still, she said, "inflation remains far too high, despite some encouraging signs lately, and is therefore of great concern."

☆ Kashkari sees Fed's target interest rate peaking at 5.4%
▼ + stars: | 2023-01-04 | by ( ) www.reuters.com time to read: +4 min

Its main policy rate currently sits in a target range of 4.25% to 4.50%. "To be clear, in this phase any sign of slow progress that keeps inflation elevated for longer will warrant, in my view, taking the policy rate potentially much higher," Kashkari said. Of course, much depends on how incoming data, in particular on inflation and labor market strength, reinforce that view. Despite a waning of price pressures late last year, the Fed's preferred inflation gauge is still rising at a 5.5% annual rate, more than twice the U.S. central bank's 2% target. For his part, Kashkari reiterated the Fed must avoid cutting rates prematurely.

☆ Global economy faces tougher year in 2023, IMF's Georgieva warns
▼ + stars: | 2023-01-01 | by ( Dan Burns | ) www.reuters.com time to read: +4 min

Jan 1 (Reuters) - For much of the global economy, 2023 is going to be a tough year as the main engines of global growth - the United States, Europe and China - all experience weakening activity, the head of the International Monetary Fund said on Sunday. "For the first time in 40 years, China's growth in 2022 is likely to be at or below global growth," Georgieva said. In October's forecast, the IMF pegged Chinese gross domestic product growth last year at 3.2% - on par with the fund's global outlook for 2022. At that time, it also saw annual growth in China accelerating in 2023 to 4.4% while global activity slowed further. U.S. ECONOMY 'MOST RESILIENT'Meanwhile, Georgieva said, the U.S. economy is standing apart and may avoid the outright contraction that is likely to afflict as much as a third of the world's economies.

☆ Jobless benefits rolls grow but U.S. labor market remains resilient
▼ + stars: | 2022-12-29 | by ( Dan Burns | ) www.reuters.com time to read: +6 min

Meanwhile, the number of people receiving benefits after an initial week of aid rose 41,000 to 1.710 million in the week ending Dec. 17. The latest report is the first since February to show them breaching the lower end of the 1.7-1.8 million trend that prevailed in the years leading up to the coronavirus pandemic, a level seen then as emblematic of a tight labor market. Reuters GraphicsAnd, while the figures for new benefits claims have been choppy in recent weeks, they have held well below the 270,000 threshold that economists see as a red flag for the labor market. The unemployment rate is estimated to have remained unchanged at 3.7%. "This dichotomy of demand cannot persist indefinitely, but it will help the labor market achieve a softer landing than it would otherwise."

☆ U.S. weekly jobless claims tick higher as the job market remains tight
▼ + stars: | 2022-12-29 | by ( ) www.nbcnews.com time to read: +2 min

The number of Americans filing new claims for unemployment benefits edged higher last week but remain in a range indicating the U.S. job market remains tight, even as the Federal Reserve works to cool demand for labor as part of its bid to lower inflation. Initial claims for state unemployment benefits rose 9,000 to a seasonally adjusted 225,000 for the week ended Dec. 24, the Labor Department said on Thursday. Economists polled by Reuters had forecast 225,000 claims for the latest week. The claims figures have been choppy in recent weeks but have held well below the 270,000 threshold that economists see as a red flag for the labor market. The claims report showed the number of people receiving benefits after an initial week of aid rose 41,000 to 1.710 million in the week ending Dec. 17.

☆ U.S. weekly jobless claims ticked higher last week
▼ + stars: | 2022-12-29 | by ( ) www.reuters.com time to read: +2 min

Initial claims for state unemployment benefits rose 9,000 to a seasonally adjusted 225,000 for the week ended Dec. 24, the Labor Department said on Thursday. Economists polled by Reuters had forecast 225,000 claims for the latest week. The claims figures have been choppy in recent weeks but have held well below the 270,000 threshold that economists see as a red flag for the labor market. Employers have been generally reluctant to lay off workers after struggling to find labor during the COVID-19 pandemic. The claims report showed the number of people receiving benefits after an initial week of aid rose 41,000 to 1.710 million in the week ending Dec. 17.

☆ 13 Best Women’s Ankle Boots, According to Style Pros
▼ + stars: | 2022-12-22 | by ( ) www.wsj.com time to read: +7 min

By Rachel MoselyWhen it comes to comfort and style cred, it’s hard to outmatch the ankle boot. To that end, we’ve asked fashion stylists to share their favorites—the ankle boots they snap up for their clients and themselves. Retro-chic kitten heelThis modern spin on a kitten heel boot comes in five different hues of nappa leather and suede to suit any style personality. Go-to work bootYou don’t have to sacrifice form to have a functional day boot. Loafer-inspired hybridWhen it comes to splurge territory, Young favors this Gucci ankle boot, which offers a feminine twist on a menswear-inspired look—one of her favorite trends.

☆ 5 of the wildest experiments tardigrades have survived in the name of science
▼ + stars: | 2022-12-22 | by ( Paola Rosa-Aquino | ) www.businessinsider.com time to read: +6 min

Water bears can go years without food or water and endure extreme radiation and temperatures. When the water bears returned to Earth, the scientists discovered that 68% survived. A thawed tardigrade survived being frozen for 3 decadesIn 2016, scientists at Japan's National Institute of Polar Research examined tardigrades retrieved from a frozen moss sample collected in Antarctica in 1983. Still, in a 2020 study, researchers found that long-term exposure to high temperatures, even in their hibernated state, can kill tardigrades in only a day. Tardigrades survived being shot out of a high-speed gunSome scientists believe that tardigrades may be capable of spreading life to different planets.

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