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The committee's first hearing comes as the Biden administration takes a range of steps to root out junk fees, which the CFPB says includes credit card late fees, overdraft fees and surcharges on ticket purchases. Among other actions, the agency recently fined Bank of America $150 million for charging its customers multiple overdraft fees. In his testimony, Brian Johnson, managing director of financial regulatory consultancy Patomak Global Partners, said the CFPB "has been the most enthusiastic among regulators" in targeting junk fees. Democrats argued the power to target junk fees fits within the CFPB's core duties. "And let's not forget, these are the same banks that are bankrolling the attacks on the CFPB," Warren added.
Persons: Biden, Sen, Thom Tillis, Brian Johnson, Johnson, Donald Trump, Elizabeth Warren, JP Morgan Chase, Warren, Wells, Michelle Henry, Henry, Raphael Warnock, Warnock Organizations: WASHINGTON, Financial, Biden, Bank of America, prudential, Consumer Protection, Patomak Global Partners, CNBC, Pennsylvania, Georgia Democrat Locations: Wells Fargo, Georgia
Commentary on the results Almost all calls begin with a discussion of the reported results. The reported quarter ended May 31 and the call was hosted on June 30, a full month after the quarter ended. By listening into the call, an investor could see that the reported results did not tell the full story around Wynn's business in China. As with the reported results, any comments on supply chains and customer dynamics could prove relevant to the direction of the stock. It can be quantitative, by which management provides actual targets for sales, earnings, and/or industry metrics.
Persons: , they've, Gamble, Jeff Miller, Mark Zuckerberg, Zuckerberg, takeaways, It's, Jim Cramer's, Jim Cramer, Jim, sasirin Organizations: Procter, TJX, Devices, Club, Constellation Brands, Wynn Resorts, WYNN, Halliburton, HAL, Microsoft, Apple, Linde, LIN, Management, Coterra, Investors, Nvidia, Jim Cramer's Charitable, CNBC, iStock, Getty Locations: Macao, China, overspending
Ukrainian President Volodymyr Zelenskyy said Ukraine's counteroffensive was poised to "gain pace." Russia's dense minefields have slowed Ukraine's counteroffensive, Ukrainian officials said. OLEKSII FILIPPOV/AFP via Getty ImagesDespite the mine threat, Zelenskyy insisted that Ukraine's counteroffensive was about to "gain pace." But it is not clear how much of Ukraine's forces have so far joined the counteroffensive efforts. Multiple Ukrainian officials recently said that the bulk of Ukraine's forces had not yet been dispatched to the frontline.
Persons: Volodymyr Zelenskyy, Zelenskyy, OLEKSII FILIPPOV, Jake Sullivan Organizations: Analysts, Service, Aspen Security, Financial Times, CNN, Russian, US Army Special Forces, Ukraine, Washington Post, State Emergency Service, Getty, US National Security Locations: Russia, Wall, Silicon, Ukraine, Afghanistan, Florida, Brovary, Kyiv, AFP
The IRA includes a clause that automatically qualifies EV battery materials recycled in the U.S. as American-made for subsidies, regardless of their origin. That is important because it qualifies automakers using U.S.-recycled battery materials for EV production incentives. China handles virtually all EV battery recycling in a global market projected to grow from $11 billion in 2022 to $18 billion by 2028, according to research firm EMR. The volume of EV batteries available for recycling should grow over tenfold by 2030, said consultant Circular Energy Storage. In Europe, EV batteries are currently shredded into "black mass" that is shipped to China for recycling.
Persons: Marc Trent, Charles Trent, Nick Carey POOLE, Thomas Becker, Louie Diaz, Diaz, JB Straubel, Mike O'Kronley, Christian Marston, deconstruct, Bruno Thompson, Thea Soule, Soule, Kurt Vandeputte, Becker, We've, Nick Carey, Paul Lienert, Ben Klayman, Claudia Parsons Organizations: Charles Trent Ltd, REUTERS, Reuters, BMW, Redwood Materials, European Union, EV, Energy Department, Altilium Metals, recyclers, U.S, CES, Cambridge, Battery Recycling Company, EU, Nissan, Nio, Victoria Waldersee, Thomson Locations: Poole , Britain, England, U.S, North America, China, New York, Nevada, America, Georgia, Kentucky, EVs, Bulgaria, Europe, Poole, Dallas , Texas, Japan, HK, Poole , England, Detroit, Berlin
By adding bio-surfactants along with the other chemicals during the soaking process, more copper floats to the surface and less is wasted. Locus says its bio-surfactants increase copper yields by 7%, and save energy because less rock needs to be crushed. It is also testing its process on iron ore and tailings waste. Photo: douglas magno/Agence France-Presse/Getty ImagesGroups concerned about the environment frequently talk about mining waste or so-called tailings, mining companies less so. “Long term we need to get more suppliers of these metals, rare earths in particular.”Phoenix finds mine sites where the tailings waste is free from radioactive elements such as thorium and uranium.
Persons: Nico Cuevas, Tesla, Cuevas, , Fatih Birol, Urbix, , ” Cuevas, Luke Sharrett, Gabi Knesel, Knesel, douglas magno, Vale, Nicholas Myers, Myers, Yusuf Khan Organizations: SK, South, Sustainable Business, International Energy Agency, Miners, EV, Bloomberg, “ Mining, BHP, Agence France, Getty Locations: Mexican, Arizona, U.S, Mexico, Mesa, South Korean, China, America, Madagascar, Tanzania, Northern Europe, Solon , Ohio, Brazil, Woburn, Mass, New York, yusuf.khan
Elon Musk's multiple ventures and the relationships between them are facing increased scrutiny as the Tesla CEO continues to add more to his plate. Can you talk about how xAI might overlap, might perhaps compete with Tesla or in other ways perhaps it enhances the value of what Tesla does?" Musk previously enlisted Tesla, SpaceX and The Boring Co. employees to assist him with his Twitter takeover, as CNBC reported. At least one senior Tesla employee has jumped ship to Musk's X Corp., the parent company of Twitter. Among these, Tesla revealed that "Twitter is party to certain commercial and support agreements with Tesla.
Persons: Elon, William Stein, Musk, Google Bard, OpenAI's ChatGPT, Stein, Tesla, Charles Kuehmann, Sen, Elizabeth Warren, He's, funder, Batura Organizations: Google, Tesla, Apple, SpaceX, Securities and Exchange Commission, Twitter, Co, CNBC, X Corp Locations: Nevada
Asia’s best bars for 2023 announced
  + stars: | 2023-07-19 | by ( Lilit Marcus | ) edition.cnn.com   time to read: +4 min
Hong Kong CNN —Asia comprises about 30% of the world’s land mass. In addition to ranking the top 50, the 50 Best organization – which also rates restaurants and, soon, hotels – acknowledged “best in destination” prizes for bars that were the highest rated from their country, city or region. It was his first-ever visit to Hong Kong. 50 Best/William ReedAsia’s 50 Best Bars 20231. COA (Hong Kong)2.
Persons: Jay Khan, Ernest Hemingway, Beckaly Franks, Hong Kong's, William Reed, Hong Konger, , Franks, , Rohan Matmary, Trigona’s, Matmary, Singapore’s, Khan, Ajit Gurung, “ We’re, William Reed Asia’s, Aubrey Organizations: Hong Kong CNN —, Pontiac, Native American, CNN Travel, Bars Academy, BKK Social, Tropic, Sago, Cham, SG, Analogue Initiative, Chamber, Employees, Southside, Hope, Sesame, House Locations: Hong Kong, Hong Kong CNN — Asia, Asia, Hong, American, Singapore, Kuala Lumpur, Malaysia, Bangkok, Tokyo, Seoul, Tropic City, Taipei, Vesper, Republic, Delhi, Jakarta, Manhattan, Pantja, Manila, Mumbai, Copitas, Bengaluru, Guangzhou, Vender, Taichung, Kyoto
After surpassing 100 million user sign-ups in less than a week, user engagement on Threads has slowed. Threads daily active users fell from 49 million on July 7, two days after its launch, to 23.6 million users last Friday, according to a report published this week by web traffic analysis firm Similarweb. “I’m very optimistic about how the Threads community is coming together,” Meta CEO Mark Zuckerberg said in a post on the platform Monday. “We’re clearly way out over our skis on this,” Mosseri said in a Threads post the week of the app’s launch. Threads could be a way for Meta to eke additional engagement time out of its massive existing user base.
Persons: It’s, , Mark Zuckerberg, who’s, Adam Mosseri, ” Mosseri, Mosseri, ” Meta, Elon Musk, , Ali Mogharabi, Musk, Scott Kessler, ” Kessler Organizations: New, New York CNN, Meta, Twitter, , ” Morningstar Locations: New York
“When I was a kid, my family got a free piano,” Goldberg said in a phone interview from her home in Boston. “My dad wrote songs and played jazz as a hobby. “In my late 40s, my interest in jazz deepened, mainly standards and cabaret music,” she said. “I started composing songs based on the songs I loved. “She would show me her compositions and I would make suggestions to modify chord structure, melody and the like.”
Persons: ” Goldberg, , , Goldberg, Billy Novick, David Bromberg, Maria Muldaur, Willie Dixon, J, “ Harriet, Novick Organizations: Beatles, Boston University, Berklee College of Music Locations: Boston, Lexington ,
Sen. Elizabeth Warren, D-Mass., sent a letter urging the U.S. Securities and Exchange Commission to investigate Tesla and its board of directors over possible "conflicts of interest, misappropriation of corporate assets, and other negative impacts to Tesla shareholders" related to CEO Elon Musk's Twitter takeover. The take-private deal included $13 billion in debt, and Musk reportedly sold billions of dollars worth of his Tesla shares to finance the transaction. In recent weeks, Musk appointed Linda Yaccarino, who previously ran global advertising for Comcast's NBCUniversal, to the role of Twitter CEO. Her hiring stirred hope that Twitter's beleaguered advertising business would soon recover and that Musk would return to focus on Tesla and SpaceX. Tesla is scheduled to report its second-quarter earnings after the bell on Wednesday of this week.
Persons: Elon Musk, Finances Bruno Le Maire, Sen, Elizabeth Warren, Tesla, Elon, Gary Gensler, Warren, Robyn Denholm, Musk, Linda Yaccarino, Comcast's, Yaccarino Organizations: French, Finances, Chateau, U.S . Securities, Exchange Commission, Twitter, SEC, CNBC, Public Affairs, Tesla, SpaceX Locations: Versailles, Paris
The reason is that we're moving all that water mass from under the continents to the oceans. How groundwater depletion affects Earth's rotational poleThe Earth's rotational pole normally changes and wanders by about several meters each year. To put it simply, groundwater depletion contributes to sea level rise because water is being transferred from the continents to the oceans. The recent study found that groundwater depletion caused a 6.24-millimeter rise in global sea level from 1993 to 2010. This is significant because each millimeter rise in sea level is said to make the shoreline retreat an average of 1.5 meters.
Persons: Weon Seo Organizations: Service, Northern, Research, Department of Earth Science, Seoul National University Locations: Northern Hemisphere
A Canadian lake best charts humanity’s impact on Earth
  + stars: | 2023-07-15 | by ( Katie Hunt | ) edition.cnn.com   time to read: +6 min
Fossils embedded in rock reveal intriguing details about animals, plants and other life-forms that once called Earth home. ConsequencesCrawford Lake in Ontario is the geological site that best reflects a new epoch recognizing the impact of human activity on Earth, said geologists of the Anthropocene Working Group. The Anthropocene Working Group determined in 2016 that the epoch began around 1950 — the start of the era of nuclear testing. The international research group says that Crawford Lake in Ontario best charts humanity’s impact on Earth. Back then, it took 10 hours to relay a single image to Earth — incredibly slow by today’s standards.
Persons: Crawford, they’ve, Amenhotep III, didn’t, Philippe Martinez, Mona Lisa of Egypt, Thais Rabito Pansani, , Webb, Ashley Strickland, Katie Hunt Organizations: CNN, Conservation, Scientists, MAFTO, Sorbonne University, NASA Mariner, Mariner, NASA Jet Propulsion, CNN Space, Science Locations: Ontario, Brazil, South America, Americas
Brent crude futures fell $1.31, or 1.7%, to $80.05 a barrel by 11:18 a.m. EDT (1518 GMT). U.S. West Texas Intermediate crude futures fell $1.34, or 1.7%, to $75.55 a barrel. A stronger greenback reduces oil demand, making crude more expensive for investors holding other currencies. Oil prices remained on course for a weekly gain of more than 2%, after supply disruptions in Libya and Nigeria heightened concerns that the markets will tighten in coming months. Separately, Shell suspended loadings of Nigeria's Forcados crude oil owing to a potential leak at a terminal.
Persons: Brent, Dollar, John Kilduff, John Evans, Shariq Khan, Natalie Grover, Sudarshan, Katya Golubkova, David Evans, Mark Potter, Louise Heavens, David Gregorio Our Organizations: Brent, . West Texas, Again, U.S, Shell, Thomson Locations: BENGALURU, Libya, Nigeria, Bengaluru, London, Singapore, Tokyo
A Beach Town Where Broken People Go to Disappear
  + stars: | 2023-07-14 | by ( Adam Sternbergh | ) www.nytimes.com   time to read: +1 min
It comes in the form of Dwyer Murphy’s second novel, “The Stolen Coast,” which offers all the abundant pleasures of those films, and more. It’s a twisty, enthralling heist yarn, sure, but what strikes you most is the confidence. The two hand shakers at the center of this story are Jack and Elena. Jack is a lawyer for the family business started by his father, an ex-spy. The business: hiding people, typically for shady reasons, by shuffling them around Onset, Mass., a small tourist town that’s just down the coast from Cape Cod.
Persons: Dwyer Murphy, , Dwyer Murphy’s, , CrimeReads, Murphy, Jack, Elena Locations: Cape Cod
Eli Lilly on Friday said it will acquire Versanis, a privately held obesity drug maker, for up to $1.93 billion to boost the pharmaceutical giant's weight loss treatment portfolio. Eli Lilly agreed to pay Versanis shareholders in cash, which will consist of an upfront payment and potentially subsequent payments if Versanis achieves certain "development and sales milestones." Oakland, California-based Versanis, which was founded in 2021 by biotech investment firm Aditum Bio, has one experimental drug for obesity and potentially other conditions. Analysts project that the global weight loss drug market could be worth $100 billion by around 2030. Versanis' drug, bimagrumab, binds directly to certain cells in the body to reduce fat mass.
Persons: Eli Lilly, Versanis, Aditum, Eli Lilly's Organizations: Novo Nordisk, Novo Nordisk's Wegovy Locations: Oakland , California, Ozempic, U.S, Indianapolis
July 14 (Reuters) - Eli Lilly and Co (LLY.N) said on Friday it will buy privately held Versanis for potentially up to $1.93 billion to strengthen its position in the fast-growing market for weight-loss treatments. Shares of Eli Lilly rose 3% after the deal that gives it access to an experimental obesity drug being tested along with rival Novo Nordisk's (NOVOb.CO) weight-loss treatment in a mid-stage study. Analysts expect the market for weight-loss drugs to reach up to $100 billion within a decade, with early movers such as Eli Lilly and Novo Nordisk grabbing a large chunk of the market. "One of the key concerns with weight loss medications is the loss of lean mass. The goal is to lose more fat vs. muscle, but with any weight loss program calorie restriction could impact both," said BMO Capital Markets analyst Evan Seigerman.
Persons: Eli Lilly, Novo, Evan Seigerman, Lilly, Sriparna Roy, Arun Koyyur Organizations: Novo Nordisk's, Novo Nordisk, Capital, Novartis, Thomson Locations: Swiss, Bengaluru
For another, bond returns, which are positive for the calendar year, have flagged recently. Only money market funds — often dismissed as a form of “cash” and not included as one of the major asset groups — are in an unequivocally positive position. As the Fed raises its benchmark federal funds rate, money market fund rates follow. The good times for money market funds aren’t over quite yet. The stock market over long periods tends to outperform bonds and cash investment, but at the cost of much greater volatility.
Persons: Bonds, , ” Peter G, Crane, Daniel Wiener Organizations: Federal Reserve, Crane Locations: Newton ,
For years, experts have debated what to advise older adults in this situation. Only 27% to 44% of older adults meet these guidelines, according to various surveys. Epidemiologic research suggests that the ideal body mass index (BMI) might be higher for older adults than younger adults. The study’s conclusion: “The WHO healthy weight range may not be suitable for older adults.” Instead, being overweight may be beneficial for older adults, while being notably thin can be problematic, contributing to the potential for frailty. Indeed, an optimal BMI for older adults may be in the range of 24 to 29, Carl Lavie, a well-known obesity researcher, suggested in a separate study reviewing the evidence surrounding obesity in older adults.
Persons: they’ve, , Mitchell Lazar, we’re, John Batsis, Anne Newman, , Carl Lavie, Lavie, , ” Lavie, Newman, you’re, Dinesh Edem, Dennis Kerrigan, Katie Dodd Organizations: CNN, US Centers for Disease Control, Institute for Diabetes, University, Pennsylvania’s Perelman, of Medicine, University of North Carolina School of Medicine, Center for Aging, Health, University of Pittsburgh School of Public Health, BMI, World Health Organization, WHO, University of Pittsburgh, University of North, University of Arkansas, Medical Sciences, Henry Ford Health, Kaiser Health, KFF Locations: , Chapel Hill, New Orleans, University of North Carolina, Michigan
Carlo Vittorini, who as publisher guided Parade magazine, the nearly ubiquitous weekly Sunday newspaper supplement, to revenue and circulation heights, died on June 25 at his summer home in Nantucket, Mass. His wife, Nancy Vittorini, said the cause was congestive heart failure. Mr. Vittorini spent 50 years in the magazine business, nearly all of it when it was still thriving. In 1992, when Parade’s circulation was soaring, he confidently told The St. Joseph News-Press/Gazette of Missouri: “Nobody can get a message out as quickly as we can. Newhouse Jr., the chairman of Advance Publications, as Parade’s publisher, president and chief executive.
Persons: Carlo Vittorini, Nancy Vittorini, Vittorini, Joseph, , Newhouse Jr Organizations: Sunday, Joseph News, Press, of, Newsweek can’t, S.I, Advance Locations: Nantucket, of Missouri
I started to realize that Walmart and Amazon don’t have identical strategies because they aren’t going after identical customers. Walmart customers, on average, have lower incomes and are more price sensitive. Amazon customers are willing to pay more for the variety — both from Amazon itself and from the vast array of third-party sellers doing business on Amazon Marketplace. They follow everyday low pricing,” Sikdar said. Mostly it is itself the retailer.”Amazon, in contrast, puts fewer limits on its third-party sellers.
Persons: Watson, Eric Youngstrom, Rafi Mohammed, ” Mohammed, Vrinda Kadiyali, Cornell’s, Prasad Vana, Sikdar, Walmart’s, ” Sikdar, Giles Hooker Organizations: Walmart, Amazon, Onramp, Profit, Amazon Marketplace, Dartmouth College’s Tuck School of Business, Cornell’s Johnson Graduate School of Management, Cornell, University of Pennsylvania Locations: Cambridge, Amazon, Tuck
I first got to know his music, and first sang his music, as a teenager at school in Scotland. His music is known among the singing community, the choral community, but maybe beyond that he’s not as well known as he should be. Classical music audiences tend to forget about the pre-Baroque, and it’s a pity because William Byrd is one of music history’s great figures. Another wonderful motet by Byrd is “Justorum animae,” which is basically a commemoration or a celebration of martyrs. I think Byrd and Tallis knew people who were arrested, and I think there were some composers for one reason or another during this time arrested.
Persons: James MacMillan MacMillan, Byrd, , Thomas Tallis, William Byrd, Tallis, Shostakovich Locations: Scotland
Opinion | The Supreme Court’s Ruling on Refusing Gay Business
  + stars: | 2023-07-03 | by ( ) www.nytimes.com   time to read: +1 min
To the Editor:Re “Web Designer Wins Right to Turn Away Gay People” (front page, July 1):Given the Supreme Court’s track record throughout the past year — including, most notably, the gutting of affirmative action and federal abortion protections — I shouldn’t have been surprised when, along ideological lines, it ruled in favor of a web designer who would refuse a same-sex couple seeking her services. But more than that, I was afraid for the futures of L.G.B.T.Q.+ individuals, whose rights are seemingly undermined with each passing day. I would love more than anything else to fool myself into believing that the United States has realized its ideals of justice and equality for all. Yet, the contrary is painfully evident when one of the greatest setbacks the L.G.B.T.Q.+ community has encountered recently occurs during Pride Month. Here’s the thing: My partner and I and our supportive family would never buy a cake or a website from any business that discriminates.
Persons: , Ravin Bhatia Locations: United States, Ravin Bhatia Brookline, Mass
In 1928, Joseph Kennedy bought a white-shingled cottage in Hyannis Port, Massachusetts, for $25,000. The main home in the Kennedy family compound in Hyannis Port, Mass. AP/Stew MilneHyannis Port became a homeBefore the Kennedys rolled into Hyannis Port, they had trouble establishing a summer home in coastal Massachusetts. Eunice Kennedy, Jacqueline Bouvier, Edward Kennedy, John F. Kennedy and Jean Kennedy play footballl while on vacation at the Kennedy compound in June 1953 in Hyannis Port, Massachusetts. (His father stayed in his Hyannis Port bedroom for five days listening to classical music when he heard the news.)
Persons: Joseph Kennedy, Kennedy, It's, , Royce, Kate Storey, Joseph, John, Robert, John F, Robert F, Kennedy Jr, Robert's, John Kennedy, Carolyn Bessette, Saoirse Kennedy, Storey —, Stone —, it's, Stew Milne, Rose, Honey Fitz, Fitzgerald, Boston, Storey, Gloria Swanson, Franklin D, Roosevelt, Eunice Kennedy, Jacqueline Bouvier, Edward Kennedy, Jean Kennedy, footballl, Hy Peskin, Eunice, John's, Ethel, Jacqueline, Rosemary Kennedy, Joseph Jr, Kathleen, Robert Jr, Bobby Shriver, Joseph P, Ted Kennedy's, John Jr, Caroline, Jackie, Maria Shriver, Arnold Schwarzenegger, Caroline Kennedy's, Edwin A, Pat, Ted, what's Organizations: Service, Hyannis Port, Kennedy Hyannis Museum, Stone, Stew Milne Hyannis Port, Catholic, Hollywood, Big, Senate, Democrat, Kennedys, Big House, Kennedy Library Foundation, Democratic, Getty, Camelot Locations: Hyannis Port , Massachusetts, Boston, Hyannis, Cod, Hyannis Port, Hyannis Port ,, Stew Milne Hyannis, Massachusetts, Palm Beach , Florida
9 p.m. Dance in a dive barMusic has long been an integral part of the Vineyard (the island was a folk-music destination in the 1960s, drawing the likes of James Taylor and Carly Simon ); these days, there is live music every night of the week during the summer. The Ritz , a year-round dive bar with live music (entry $5), will have you dancing to local bands like Johnny Hoy and the Bluefish and Dukes of Circuit Avenue. Up the block, you can watch the summer crowds from the porch bar at Red Cat Kitchen , where punches (from $17) and nonalcoholic cocktails (about $11) go down easy. For a respite from the noise, you can get ice cream at Ben & Bill’s Chocolate Emporium : Adventurous eaters may reach for the lobster flavor (if you really think you’ll like the taste of frozen crustacean, go crazy), but classics like peach and black forest are the real winners.
Persons: James Taylor, Carly Simon, Johnny Hoy Locations: Dukes
At the Top of Their Renovation Wish List: A Fire Pole
  + stars: | 2023-06-27 | by ( Tim Mckeough | ) www.nytimes.com   time to read: +1 min
So they began casually looking at houses outside the city, just to get a feel for the market. Once they visited an oceanfront house in Marblehead, Mass., however, things began moving quickly. “We weren’t really looking. We were supposed to be educating ourselves,” said David, 45, who previously worked for tech start-ups but is now focused on raising their children. They also liked the quiet residential neighborhood, where they could imagine their children riding bicycles without having to worry about traffic.
Persons: David, Davin Wedel, , , Davin, ‘ I’m Locations: Boston, Marblehead , Mass
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