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A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. Barclays (BARC.L), Goldman Sachs (GS.N), JPMorgan Chase (JPM.N), and Mizuho Financial Group (8411.T) are the lead underwriters for the offering. Goldman Sachs, Morgan Stanley and Citigroup are lead underwriters on the offering, the company said in its filing. Its shares are expected to begin trading on the New York Stock Exchange under the ticker symbol "KVYO". Citigroup, Morgan Stanley, UBS, and Bank of America are underwriters of the IPO, according to the filing.
Persons: Carlo Allegri, T Rowe Price, Goldman Sachs, JPMorgan Chase, Instacart, Fidji Simo, confidentially, Klaviyo, Morgan Stanley, Chibuike Oguh, Lance Tupper, Michelle Price, Aurora Ellis Organizations: New York Stock Exchange, REUTERS, Arm Holdings, Japan's Softbank, U.S . Securities, Exchange Commission, SEC, Apple, Nvidia, Devices, Intel, Samsung Electronics, AMD, Samsung, Taiwan Semiconductor Manufacturing Company, Barclays, JPMorgan, Mizuho Financial Group, underwriters, Nasdaq, Norges Bank Investment Management, Norges Bank, Sequoia Capital, D1 Capital Partners, Valiant Capital Management, Facebook, Reuters, Summit Partners, Citigroup, VNG Corp, HK, Temasek, UBS, Bank of America, Thomson Locations: New York, U.S, Russia, Ukraine, Baltimore, TCV, Sequoia, Canadian, United States, Chi Minh City, Singapore
Dozens of campaigners who built substantial audiences during the COVID era by opposing Australia's pandemic response have turned their focus to undermining the Oct. 14 referendum, analysis of social media posts by independent fact-checkers shows. The direct link between COVID agitators and misinformation about the Voice has not been previously reported in detail. Polls show support for the Voice has slumped from about two-thirds in April to less than 40% this month. Not one X post containing electoral misinformation was marked or taken down in the monitoring period, before or after being reported, Reset.Tech said. "Many of the accounts pushing electoral misinformation narratives turned to a style of anti-lockdown politics during the pandemic," said Reset.Tech Australia executive director Alice Dawkins.
Persons: William Bay, Hitler, Bay, Reset.Tech, Elon Musk, Alice Dawkins, Ella Woods, Joyce, Evan Ekin, Smyth, Donald Trump, Luke Howarth, Covid, David Heilpern, Graham Hood, Pauline Hanson, Tristan Van Rye, Hood, Hanson, Van Rye, Ed Coper, Rosita Diaz, Diaz, BILL Australia's, Michelle Rowland, we're, Elise Thomas, Byron Kaye, Praveen Menon, Daniel Flynn, David Crawshaw Organizations: Reuters, REUTERS, Facebook, COVID, Meta, Reset.Tech, U.S, Southern Cross University, Qantas, Aboriginal, Labor, Communications, Advance Australia, Institute for Strategic, Thomson Locations: Brisbane, Australia, BRISBANE, Brisbane's, Reset.Tech Australia, Northern Territory, Canada, U.S, New Zealand, Melbourne
Workers walk through the Canary Wharf financial district, ahead of a Bank of England decision on interest rate changes, in London, Britain, August 3, 2023. REC also reported that starting salaries rose at the joint-slowest pace since March 2021, although this was still a large increase by historic standards. A BoE survey on Thursday showed employers expect to raise wages by 5% over the coming year, above the 3-4% rate typical before the pandemic, when inflation stayed close to target. REC said there were "widespread reports" from its members that the pool of jobseekers had been swollen by increased redundancies. The REC surveyed around 400 recruitment agencies between Aug. 10 and Aug. 24.
Persons: Toby Melville, Neil Carberry, BoE, BoE Governor Andrew Bailey, jobseekers, David Milliken, Frances Kerry Organizations: Bank of, REUTERS, Confederation, REC, Bank of England, Thomson Locations: Bank of England, London, Britain
BUEA, Cameroon (Reuters) - Armed militants stopped cars, shot at passengers and set vehicles on fire during an attack on a village in Anglophone Cameroon's South West region on Thursday, residents and a Reuters reporter said. Separatists in minority English-speaking parts of Cameroon have been fighting to carve out an independent state called Ambazonia since 2017. They carry out attacks, kidnappings and killings in the North West and South West regions. Concerned-looking resident gathered around the blackened and bullet-ridden remains of a charred car in the village of Muea, in the South West region, on Thursday as two men pulled out a body wrapped in a blanket. Insurgents began fighting the Cameroonian military in 2017 after civilian protests calling for greater representation for the Francophone country's English-speaking minority were violently repressed.
Persons: Blaise Eyong, Sofia Christensen, Sandra Maler Organizations: Armed, Francophone Locations: BUEA, Cameroon, South West, North West, Muea
In London, an Elevated but Edgy Jewelry Style
  + stars: | 2023-09-07 | by ( Rachel Garrahan | ) www.nytimes.com   time to read: +1 min
In 2006, Ms. Martin established her namesake brand, which is focused on opulent, sculptural, genderless pieces in gold. Since then, she has weathered the expensive business of operating a fine jewelry business through recessions, lockdowns and other challenges to run a self-funded business with a showroom in a former grain warehouse in the Clerkenwell neighborhood of London. She is a walking advertisement for her latest venture, HMp (or Hannah Martin Pierced), a line of piercing jewelry and a piercing service. Overall, she hopes it will transform what is often a back-alley tattoo parlor-style experience to one that is elevated through handcrafted gold jewelry and premium customer care. “I couldn’t find one that wasn’t really ugly, so I thought I’d better make one,” Ms. Martin, 43, said during a recent interview at her Brutalist-inspired studio.
Persons: Martin, Hannah Martin, I’d, Ms, , Locations: Clerkenwell, London
Social media was having a field day turning Burning Man into the epicenter of schadenfreude and misinformation, the few people who managed to connect to the internet reported. AdvertisementAdvertisementThe reality of Burning Man was not quite so dire. 2023 was my first year at Burning Man. I'd wanted to go to Burning Man for years. Even before the floods, there was an uncomfortable tension to Burning Man.
Persons: Joy, I'd, JULIE JAMMOT, Betty, preemptively, There's, they'd, Twitter, Zeynep Tufekci, Tufekci, I've, Ansel, we'd, Rob Price Organizations: FEMA, National Guard, Social, Getty, New York Times, Rock City, YouTube Locations: Nevada, San Francisco, Silicon, playa, AFP, Somme, Northern Nevada, Rock, American, Ansel Adams, Trail
Chartbook: Global container freightIn the United States, the volume of container trade handled through the nine largest ports in July was the lowest for the time of year since 2017. The volume of container freight hauled on the major railroads in June was the lowest for the time of year since 2012. Container trade through the port of Singapore, a major transshipment point for the region, has climbed to record levels. Rising share prices would be consistent with an improving outlook for global trade, but the evidence for it so far is limited. Related columns:- Global container freight stuck in doldrums (June 23, 2023)- Global freight shows signs of bottoming out (April 27, 2023)John Kemp is a Reuters market analyst.
Persons: Mike Segar, pare, Korea’s, John Kemp Organizations: REUTERS, Manufacturers, Economic, Heathrow, China’s, Global, Thomson, Reuters Locations: Port Elizabeth , New Jersey, U.S, North America, Europe, Netherlands, United States, Japan, Narita, United Kingdom, Asia, Singapore, doldrums
UK builders suffer sharp fall in orders as rates rise -PMI
  + stars: | 2023-09-06 | by ( ) www.reuters.com   time to read: +2 min
Workers stand on scaffolding at a residential building in London, Britain, March 7, 2016. Builders cited weaker economic conditions, cutbacks to new building projects and local planning delays as factors holding back house-building activity. S&P said total new orders for the construction sector fell at the fastest pace since May 2020. "Resilient demand for commercial work and infrastructure projects are helping to keep the construction sector in expansion mode for now," Moore said. However, forward-looking measures of the construction PMI fell, with business activity expectations for the year ahead the weakest since January.
Persons: Toby Melville, Tim Moore, Moore, Suban Abdulla, William Schomberg, Catherine Evans Organizations: REUTERS, P, P Global Market Intelligence, Builders, Bank of England's, PMI, Thomson Locations: London, Britain
Raphael Bostic, president of the Federal Reserve Bank of Atlanta and a member of the Fed’s interest rate policy committee, doesn't think another hike is needed. Our rate today is higher than the rate of inflation. I’m going to remain diligent and pay attention and make sure that inflation continues on the trajectory that it’s been on. A. We’re going to have to keep our rate higher for longer than historically happens, because we need to make sure that inflation stays at 2%. We’re just going to have to stay restrictive for quite a while, until we are sure, sure, sure, sure, sure, sure that inflation is not going to bounce up far away from our target.
Persons: Raphael Bostic, doesn't, Bostic, we’re, I’ve, I’m, we’ve, We’re Organizations: WASHINGTON, Federal, Federal Reserve Bank of Atlanta, Associated Press, Fed
It's been a rough 2023 for China, with Beijing failing to stop deflation or contain an ever-worsening property crisis. A brain drain could present the next big threat for the world's second-largest economy. Brain drains are almost always bad news for a country, robbing its economy of a key engine for growth. AdvertisementAdvertisementBrain drains are "horrible for the economy – you need leaders to drive your economy forward," Nuzum said. "If one entrepreneur leaves, whatever – but if tens or hundreds of thousands move across the border, that's a big problem."
Persons: It's, Xi Jinping, Jack Ma, Rich Nuzum, Nuzum Organizations: Service, Wall Street, Henley & Partners, Big Tech Locations: China, Beijing, Wall, Silicon, North America, Europe, that's
I discovered a clothing rental service in Singapore after the lockdown. You can stretch six outfits over four weekends with careful planningStyle Theory clothing rental box Nidhi PandurangiIn August 2020, I decided to sign up for Style Theory. Style Theory clothing rental box Nidhi PandurangiIt turned out to be a good thing because while both the dresses were tagged as "large," the one on the right fit me better. Style Theory clothing rental box Nidhi PandurangiSadly, the other dress I'd ordered was not to my liking. Style Theory clothing rental box Nidhi PandurangiThough I've had some goof ups and misfits with the rented outfits, I think I'll continue renting.
Persons: it's, I've, I'd Organizations: Service, , Capella Singapore Locations: Singapore, Wall, Silicon, London, Indonesia
Why youth unemployment is surging in China
  + stars: | 2023-09-03 | by ( Christian Nunley | ) www.cnbc.com   time to read: 1 min
China is facing a growing list of problems — real estate, semiconductor bans and labor market gyrations. The world's second-most populous country also has a major youth unemployment problem. China's urban youth unemployment rate has risen to 21% as of May 2023, up from 15.4% two years earlier. "Let's not forget about the draconian lockdown measures," says Fang Xu, urban sociologist at the University of California, Berkeley. Watch the video above to learn more about China's urban youth unemployment picture and how the world's second-largest economy is responding.
Persons: Fang Xu Organizations: University of California Locations: China, Berkeley
Hellcats from 2020 to 2022 are 60 times more likely to be stolen than other cars, data shows. Kia and Hyundai owners were previously plagued by theft issues thanks to a TikTok trend. The Hyundai Elantra is among the models affected by thefts sparked by the "Kia Boyz" TikTok trend, the automaker announced. Sjoerd van der Wal/Getty ImagesThe trend was popularized by the "Kia Boyz," who posted stealing the certain Kia and Hyundai models using a screwdriver and USB cord. Affected drivers included owners of certain Kia models made between 2011 and 2021 and certain Hyundai models from 2016 to 2021.
Persons: Raymond Boyd, HLDI, Matt Moore, Dodge, it's Kia, Kia Sportage, Sjoerd van Organizations: SRT Hellcat, Kia, Hyundai, Data, Stellantis, Hellcats, Wal, Getty Locations: Stellantis North America
Workman and her now-husband, Tim Workman, were visiting his mom in Scottsdale, Arizona and his mom surprised him with a laser treatment to help with his acne. Here's how she did it:Becoming an estheticianAs soon as she returned home, Workman googled esthetician schools near Palmer and Wasilla. In March 2015, Workman started taking classes at the MetrOasis Training Center in Anchorage, about an hour's drive from her apartment. She worked at a waxing salon, then a med spa — a hybrid of the traditional day spa and a medical clinic — and in 2018 started a job at a day spa. 'Sometimes, I only work 3 hours a day'
Persons: Miracle Workman, wasn't, Workman, Tim Workman, Instagram, Tim Organizations: Su, CNBC, Sol, MetrOasis, Center Locations: Mat, Palmer , Alaska, Wasilla, Scottsdale , Arizona, Palmer, Alaska, New York, Anchorage
“We sat down on Monday night as a team,” the paper’s student print managing editor, Caitlyn Yaede, told CNN in a phone interview. The Wednesday, August 30, 2023 front page of the Daily Tar Heel, shared to the student newspaper's Instagram account. The student newspaper published a string of the community's texts amid an lockdown during which a graduate student allegedly killed a professor. Rebecca Wright/CNNThe idea to compile text messages came from the paper’s Editor-in-Chief Emmy Martin, Yaede said. But I think we told a story of a community that was startled, of a community that was scarred, and a community that is angry, and a community that is grieving,” Yaede said.
Persons: , Caitlyn Yaede, Yaede, Rebecca Wright, Martin, Chancellor Kevin Guskiewicz, ” Yaede Organizations: CNN, University of North, Chapel, UNC, , Laboratories, Locations: University of North Carolina
For Britain’s opposition Labour Party, the road to 10 Downing Street is likely to run through Scotland. Ms. Scott, 18, a geography student who studies in Edinburgh, enthusiastically supported the Scottish National Party in past ballots. representative, Margaret Ferrier, who was forced out of her seat on Aug. 1 after violating lockdown rules during the coronavirus pandemic. She also thinks the Labour Party has better proposals to cope with a grinding cost-of-living crisis that has left people fed up and exhausted. Ms. Scott signed a petition to recall Ms. Ferrier, which triggered this by-election, and now said she was “leaning slightly toward Labour, based on how proactive they’ve been.”
Persons: Cara Scott, Scott, Margaret Ferrier, Ferrier, Organizations: Labour Party, Labour, Scottish National Party Locations: Scotland, Glasgow, Edinburgh
CNN —A suspect is in custody but police still are looking for the weapon and the motive behind the fatal shooting of a faculty member at the University of North Carolina at Chapel Hill on Monday afternoon. We will work to rebuild that sense of trust and safety within our community,” UNC Chapel Hill Chancellor Kevin Guskiewicz said. A witness on campus told CNN they were locked down in their building and saw armed officers searching campus. Emergency responders gather on South Street near the Bell Tower on the University of North Carolina at Chapel Hill campus on Monday. The university has a student body of about 32,000, along with more than 4,000 faculty and 9,000 staff members.
Persons: Brian James, won’t, James, Kevin Guskiewicz, , Kaitlin McKeown, WRAL, James said, Guskiewicz Organizations: CNN, University of North, Laboratories, ” UNC Police, UNC, Hill, Police, FBI Locations: University of North Carolina, Chapel Hill
Aug 29 (Reuters) - A University of North Carolina graduate student has been charged in the fatal shooting on Monday of a professor at the school's Chapel Hill campus, the university said on Tuesday. A university website showed Qi was a doctoral student who had joined Yan's research group in January 2022. It was not immediately clear what prompted the shooting in a campus lab on Monday afternoon. "We know that the wounds of this tragedy will not heal quickly," Chancellor Kevin Guskiewicz said in an email announcing Yan's death to the campus community. He said the university would ring the campus bell tower and hold a moment of silence on Wednesday afternoon in Yan's honor.
Persons: Qi, Zijie Yan, Kevin Guskiewicz, Sharon Bernstein, Matthew Lewis Organizations: University of North, Public, Thomson Locations: University of North Carolina, Hill
A graduate student at the University of North Carolina at Chapel Hill has been charged in the fatal shooting of one of his professors on Monday, a killing that spread fear across the campus and forced an hourslong lockdown, according to court documents. The student, Tailei Qi, 34, was charged with first-degree murder and possession of a firearm on educational property in the killing of Zijie Yan, an associate professor in the applied physical sciences department, inside a campus lab, according to court documents filed in Orange County Court in Hillsborough, N.C.Mr. Qi made a brief appearance in court on Tuesday afternoon and was ordered held without bond until his next court appearance on Sept. 18. He did not enter a plea. The public defender who represented him did not immediately respond to an email and phone call seeking comment. Court documents did not describe a motive for the shooting, and Jeffrey L. Nieman, the Orange County district attorney, declined to comment on what might have led to it.
Persons: Tailei Qi, Zijie Yan, Qi, Jeffrey L, Nieman Organizations: University of North, Chapel, Orange County Court, Mr Locations: University of North Carolina, Orange County, Hillsborough, N.C
Over 2,400 celebrities flocked to Cameo amid the SAG-AFTRA strike. AdvertisementAdvertisementShort-video request app Cameo has seen over 2,400 celebrities starting or reactivating their accounts since the actors' strike began in July, the company's CEO told CNN on Sunday. Cameo is an app where users can pay celebrities to make personalized short clips. Despite the recent influx of celebrities, Cameo has grappled with layoffs, axing 80 of its workforce in July and leaving the company with less than 50 employees, the Information reported. Galanis said at the time Cameo hired too many workers too quickly to "support both fan and talent demand during the pandemic lockdowns."
Persons: Fran Drescher, Alyssa Milano, Steven Galanis, Galanis, , Cameo, Cheyenne Jackson, Milano, Raymond, Fred Stoller, Elijah Wood Organizations: SAG, Actors, Morning, CNN, Screen Actors, New York Times Locations: Hollywood
The University of North Carolina at Chapel Hill was under a shelter-in-place order on Monday afternoon after the school warned that an “armed, dangerous person” was on campus. The university sent an alert just after 1 p.m. that advised people in the area to go inside and stay away from windows. All classes & events canceled for today.”Students returned to class on Aug. 21 after summer break. The university did not immediately respond to requests for comment. It was not clear whether there were injuries.
Organizations: University of North, Chapel, Locations: University of North Carolina
AdvertisementAdvertisementThe Meta CEO told staff they could expect him to spend half of the next year working remotely. True to his word, in his first week Musk banned remote work in a 2:30 a.m email to Twitter staff. Still: Unlike some of the other wealthy CEOs on this list, Eric Yuan has always been a little skeptical of permanent remote work. Roy RochlinSalesforce CEO Marc Benioff was initially outspoken in his support for remote working. Joining the growing list of CEOs that say remote work is not conducive to productivity, Salesforce revised its work-from-anywhere strategy.
Persons: Mark Zuckerberg, Goldman Sachs, Prithwiraj Choudhury, Zuckerberg, Meta, I've, Erin Scott, Skip, Insider's Kali Hays, Hugh Langley, Evan Spiegel, Miranda Kerr, Pierre Mouton, Stringer, Spiegel, I'm, ERIC PIERMONT, Kali Hays, Jack Dorsey, PRAKASH SINGH, lockdowns, Dorsey, Elon Musk, Musk, Zoe Schiffer, hasn't, Eric Yuan, Kena, Zoom, Kelly Steckelberg, Yuan, Marc Benioff, Roy Rochlin, Salesforce, Benioff, Justin Sullivan, Kara Swisher Organizations: Service, Meta, Harvard Business School, Wall Street, Staff, CNBC, Getty, Twitter, San, New, Elon, San Francisco, Bloomberg, Zoom, Workers, MarketWatch, Smith, Yahoo Finance, Insider Locations: Wall, Silicon, San Francisco, Singapore, Silicon Valley , California
We have waited for Estee Lauder (EL), too. Estee Lauder is a huge employer in China and a favored one. Estee Lauder remains a great answer for them. Disney and Estee Lauder are battles and we have waited until our adversaries seem spent and the time is right. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Jeff Marks, we've, that's, Estee Lauder, , Bob Iger, Estee's Fabrizio Freda —, Iger, Freda, Xi, Gina Raimondo, Monday, Wang Wentao, Lauder, It's, Jim Cramer's, Jim Cramer, Jim, Disney Bob Iger, Kevin Dietsch Organizations: Disney, ESPN, Hulu, NBC, Comcast, DIS, Fox, Netflix, Apple, Federal Trade Commission, Paramount, Warner Brothers Discovery, Hollywood, United State, Cosmetics, U.S, Commerce, Jim Cramer's Charitable, CNBC, Allen & Company Sun Valley Conference, Getty Locations: Hulu —, China, United, Hainan, South Korea, Iger, Sun Valley , Idaho
Holiday shoppers stand in line inside a mall in the city centre of Sydney, Australia, December 17, 2020. REUTERS/Loren Elliott/File Photo Acquire Licensing RightsSYDNEY, Aug 28 (Reuters) - Australian retail sales rebounded in July after a sharp fall the previous month, but the annual rate slowed further, a result that should not upset the outlook for interest rates as high borrowing costs work to slow consumer spending. Data from the Australian Bureau of Statistics (ABS) on Monday showed nominal retail sales rose 0.5% in July from June. Ben Dorber, ABS head of retail statistics, said the rebound was boosted by additional spending at catering and takeaway food outlets linked to the 2023 FIFA Women’s World Cup and school holidays. The rate hikes have added hundreds of dollars to average monthly mortgage repayments, weighing on consumer spending, which had been resilient at first thanks in part to savings amassed during the pandemic.
Persons: Loren Elliott, Ben Dorber, Stella Qiu, Jacqueline Wong Organizations: REUTERS, Rights, Australian Bureau of Statistics, Analysts, FIFA, Reserve Bank of Australia, ANZ, Thomson Locations: Sydney, Australia
Others film short videos for fans on Cameo, fetching anywhere up to $1 to $1,500. CameoThe reality of actors’ livelihoods has come into full focus since the SAG-AFTRA strike began on July 14. Seeking extra cash, many out-of-work thespians have flocked to Cameo, a site where they can earn income from fans who buy personalized celebrity videos. The average price for Cameo for Business, which allows the video to be used for commercial purposes, is $1,700. ‘The Pope’s blessing’Despite the influx of actors this summer, it’s been a slow season for the site since Father’s Day.
Persons: Steven Galanis, ” Galanis, Fran Drescher, , Cameo, Drescher, Alyssa Milano, Cheyenne Jackson, Chris Wood, China McClain, Melissa Benoist, Brian Cox, Santa Claus, Galanis, Fred Stoller, Gerard, Raymond ”, Fred the, who’ve, ” Stoller, Stoller, he’s, we’re, it’s, AFTRA Organizations: New, New York CNN, SAG, CNN Business, CNN, for, , “ The Penguins, Fantasy Football, Business Locations: New York, Hollywood, China, Santa, “ The, Madagascar
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