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☆ Say goodbye to the girlboss: The 'snail girl era' is here, encouraging young women to live a slower, more relaxed lifestyle
▼ + stars: | 2023-10-05 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +5 min

Gen Z are abandoning the girlboss lifestyle to enter the new "snail girl era" taking off on TikTok. The term "snail girl" was coined by Sienna Ludbey in an article for Fashion Journal in September titled "'Snail girl era': Why I'm slowing down and choosing to be happy rather than busy." "'Hot take for the week, my inner girlboss is dead and my 'snail girl' era has begun,'" Ludbey wrote. Its features editor Maggie Zhou said in the video: "the girlboss is rolling over in her grave, welcome to the snail girl era." Although choosing the snail girl lifestyle may be more gratifying, it could result in financial or other consequences further down the road.

Persons: —, Sienna Ludbey, Ludbey, Michelle P, Netflix's, Sheryl Sandberg's, King, Maggie Zhou, Suzy Welch, University's, Welch, who's Organizations: Service, Fashion Journal, Fashion, University's Stern School of Business Locations: New

They can also rile up Trump's own party, which then incorporates the former president's vendettas and impulses into its own agenda. Though most in his party have stayed quiet, Trump's comments about Milley horrified some Republicans. On the debate stage last week, Trump’s rivals for the GOP nomination didn't address the former president's more incendiary rhetoric. Democrats, including Biden, have warned that Trump and supporters in his Make America Great Again movement are a threat to American democracy. At last week's California Republican Party convention in a hotel ballroom in Anaheim, Trump’s rhetoric reached yet another level.

Persons: Donald Trump, Joe Biden, lowlifes, ”, Trump, Vladimir Putin, Kim Jong, Ruth Ben, ” Ben, Ghiat, Rodrigo Duterte, Trump's, Jack Smith, Mark Milley, Milley, “, ” Milley, Mike Pence, John Kelly, Kelly, ” Trump, Steven Cheung, Biden, ” Alex Conant, Ron DeSantis, Conant, Paul Pelosi, Nancy Pelosi, San Francisco — how’s, Jonathan J, Cooper, Michael R Organizations: Republican, Democratic, White, NBC, New, North, New York University, Trump, U.S, Capitol, Federal Bureau of Investigation, Republicans, GOP, Joint Chiefs of Staff, Washington's Georgetown University, The Associated Press, White House, CNN, Marine Corps, Florida Gov, California Republican Party, Associated Press Locations: United States, New York, Philippines, Mexico, U.S, China, Florida, ”, California, Anaheim, San Francisco, Anaheim , California

It is the second time in less than a year that Rivian is issuing such a green bond, which raises capital from investors seeking to back climate-focused projects. The company had issued a $1.3 billion convertible green bond in March to support the launch of its smaller R2 vehicle family. The company beat estimates in the third quarter by producing 16,304 vehicles and delivering 15,564 vehicles to customers. As of Sept. 30, Rivian had about $9.1 billion in cash on its balance sheet, down from $10.2 billion in June. The current median price target for the 24 analysts covering Rivian's shares is $30, with a "buy" recommendation, LSEG data showed.

Persons: Rivian, Elliot Johnson, it's, Johnson, Robert Scaringe, Garrett Nelson, Nelson, Chibuike Oguh, Abhirup Roy, Lance Tupper, Alexandra Hudson, Diane Craft, David Gregorio Our Organizations: Rivian Automotive Inc, Reuters, Evolve, Tesla Inc, EV, Thomson Locations: Irvine , California, Georgia, Atlanta, New York, San Francisco

☆ So long, computer science — Chaos Studies is the hot new college degree
▼ + stars: | 2023-10-05 | by ( Tiffany Ng | ) www.businessinsider.com time to read: +12 min

"I remember joking about majoring in puzzles as a kid, never imagining that such a thing was possible until my mom discovered the individualized major program," Shortz said. Between 2019 and 2021, there was a 3% increase in the number of students graduating with individualized studies degrees. With majors like Chaos, Human Computer Interaction, and Architecture and Food Theory, students aren't just crafting these degrees for fun. In 2020, RIT renamed its individualized major the New Economy major and highlighted the need for students to "adapt to evolving career fields." Adopting a rather divergent approach to the same goal, New York University's Gallatin School of Individualized Studies frames its approach as honing the "management of knowledge."

Persons: Will Shortz, Shortz, — Shortz, He's, we're, Oluwaseyi Onifade, Onifade, James Hall, they're, Makini Beck, SOIS, he's, Ben Papernick, Papernick, haven't, Peter Rajsingh, Gallatin, Kahrej Ahluwalia, Ahluwalia, Rajsingh, Tiffany Ng Organizations: Dell, Indiana University, The New York Times, National Center for Education Statistics, Rochester Institution of Technology, Oluwaseyi, RIT's, Society, Jobs, RIT, Genesee Community College, Applied, University of Texas, Austin, University of Southern, New York University's Gallatin School, Baseball, Gallatin, Schools, NYU Locations: RIT's, Western New York, University of Southern California, New York, Gallatin

☆ Attacked by Trump, New York judge to weigh ex-president's fraud case
▼ + stars: | 2023-10-02 | by ( Jonathan Stempel | ) www.reuters.com time to read: +5 min

James sued in September 2022, saying Trump, his adult sons Donald Jr. and Eric, the Trump Organization and others had orchestrated a "staggering fraud." Last year, Engoron held Trump in contempt for failing to respond to a subpoena, and eventually imposed $110,000 in fines. And in a Sept. 22 hearing, Engoron pounded his fist on the bench while admonishing the defense about the importance of not making false statements in business. He spent more than a decade in private practice and 12 years clerking for a state judge, before becoming a civil court judge in 2003. At the Sept. 22 hearing, for example, he told the courtroom he tried to appear neutral as both sides made their arguments.

Persons: Arthur Engoron, Letitia James, Donald Trump, Trump, James, Donald Jr, Eric, Engoron, Christopher Kise, John Low, Chico Marx, Marx, Beer, Jonathan Stempel, Karen Freifeld, Noeleen Walder, Daniel Wallis 私 Organizations: New York, Republican, White, Trump Organization, Trump, Marx Brothers, Columbia University, New, Voters, American Civil Liberties Union Locations: New, New York, U.S, Manhattan, Lago, Saudi Arabia

Kellogg's cold cereal products are pictured in a market after Kellogg Company announced it would split. REUTERS/Mike Segar/File Photo Acquire Licensing RightsNEW YORK, Oct 2 (Reuters) - Shares of Kellanova (K.N) fell more than 7% on Monday after the packaged food giant, previously known as Kellogg Company, completed the spinoff of its North American cereal business into a new standalone entity called WK Kellogg Company (KLG.N). Under the separation agreement, Kellanova shareholders received one share of WK Kellogg common stock for every four shares of Kellanova stock held as of September 21, a statement said. Kellanova shares fell to as low as $51.83, down 7.2%, after opening at $55.70, while WK Kellogg Company dropped by more than 11% and was last at $13.79. Kellanova will retain its place on the benchmark S&P 500 (.SPX) index, while WK Kellogg shares will join the S&P SmallCap 600 index (.SPCY) on Tuesday, before market open.

Persons: Mike Segar, WK Kellogg, Kellanova, Michael Ashley Schulman, Rice, Piper Sandler, Research's Arun Sundaram, Chibuike Oguh, Lance Tupper, Christina Fincher Organizations: Kellogg Company, REUTERS, WK Kellogg Company, WK Kellogg, New York Stock Exchange, Running, Capital Advisors, MorningStar, Jefferies, Thomson Locations: New York, U.S, Kellanova, California, American, Bengaluru

☆ Trump trial judge Arthur Engoron: Who is the quippy, Ivy league-educated judge deciding the fate of Trump's NY business empire?
▼ + stars: | 2023-10-02 | by ( Associated Press | Azmi Haroun | ) www.businessinsider.com time to read: +9 min

New York City judge Arthur Engoron is presiding over Donald Trump's NY fraud trial. Engoron, a Democrat, has ruled repeatedly against Trump in the three years he's been presiding over James' lawsuit. But asked Friday if he planned to be at the New York trial, Trump said: "I may. In 2013, he was appointed an acting justice of the state's trial court and ran unopposed for a permanent post in 2015. In another ruling, Engoron said New York's review process for new housing "seems like Rube Goldberg, Franz Kafka, and the Marquis de Sade cooked it up over martinis."

Persons: Arthur Engoron, Donald Trump's, he's, James, —, Stevie, Engoron, Trump, Letitia James, frontrunnerwrote, Jean Carroll, He's, Christopher Kise, who've, irreverence, Michael Bloomberg's, Wheatley, Michelle Bernstein Ravenscroft, Bob Dylan, Shakespeare, Marx, Frank Sinatra, — Engoron, Rube Goldberg, Franz Kafka, Marquis, Sade Organizations: Democrat, Trump, ACLU, Service, New, Ivy League, NYS, Trump Organization, White, The Wheatley, New York Mets, Mets, Columbia University, American Civil Liberties Union, New York University, New York, New York City Civil Court Locations: York City, Vietnam, New York City, York, Engoron, Manhattan, New, New York, Queens, East Williston, Long, Old Westbury , New York, Wheatley, Central Park, Trump

But asked Friday if he planned to be at the New York trial, Trump said: “I may. I may.”Engoron, a Democrat, has ruled repeatedly against Trump in the three years he's been presiding over James' lawsuit. He's forced Trump to sit for a deposition, held him in contempt and fined him $110,000. At a hearing in the case last Wednesday, the day after his ruling, Engoron offered “a little bit of New York humor" to break the tension. In 2013, he was appointed an acting justice of the state’s trial court and ran unopposed for a permanent post in 2015.

Persons: —, Arthur Engoron, Stevie, ”, Donald Trump's, Engoron, Trump, Letitia James, James, Jean Carroll, “, he's, He's, ” Trump, Christopher Kise, Engoron's, who’ve, ” Engoron, irreverence, Michael Bloomberg's, ” He’s, Wheatley, Michelle Bernstein Ravenscroft, Bob Dylan, Shakespeare, Marx, Frank Sinatra, Stevie ” —, — Engoron, Rube Goldberg, Franz Kafka, Marquis, Sade, James ’ Organizations: New, Ivy League, Trump, NYS, Trump Organization, Democrat, White, The Wheatley, New York Mets, Mets, Columbia University, American Civil Liberties Union, New York University, New York, New York City Civil Court Locations: Vietnam, New York City, York, Manhattan, New, New York, Queens, East Williston, Long, Old Westbury , New York, Wheatley, Central Park, Trump, Sisak, x.com

☆ Biden’s Trend Line Points Downward
▼ + stars: | 2023-09-29 | by ( Peggy Noonan | ) www.wsj.com time to read: +1 min

Peggy Noonan is an opinion columnist at the Wall Street Journal where her column, "Declarations," has run since 2000. She has been a fellow at Harvard University’s Institute of Politics, and has taught in the history department at Yale University. Before entering the Reagan White House, Noonan was a producer and writer at CBS News in New York, and an adjunct professor of Journalism at New York University. She was born in Brooklyn, New York and grew up there, in Massapequa Park, Long Island, and in Rutherford, New Jersey. In November, 2016 she was named one of the city's Literary Lions by the New York Public Library.

Persons: Peggy Noonan, ”, ” Noonan, Ronald Reagan, Noonan Organizations: Wall, Journal, NBC News, The, Harvard University’s Institute of Politics, Yale University, Reagan White House, CBS News, Journalism, New York University, Fairleigh Dickinson University, Lions, New York Public Library Locations: New York, Brooklyn , New York, Massapequa Park, Long, Rutherford , New Jersey, Rutherford, New York City

Another source identified Trump Organization employee Yuscil Taveras as the unnamed computer specialist whose fees prosecutors said were paid by Trump's political group. Trump's legal spokesperson Alina Habba, who is also general counsel at Save America, did not respond to detailed questions on the payments. In July, after Save America reported its legal expenses to the Federal Election Commission, Cheung said Save America was helping people who had worked for Trump avoid "financial ruin." Asked how legal spending would affect his campaign, Trump told a SiriusXM podcast earlier this month: "Fortunately, I have a lot more money." Save America and the Trump campaign have not responded to requests for comment on the legal fee estimates.

Persons: Donald Trump, Scott Morgan, Donald Trump's, Brand Woodward, Greenberg Traurig, Trump, Jason Osborne, Trump's, Osborne, Stanley Woodward, Jason Miller, Margo Martin, Dan Scavino, Matt Calamari Jr, Yuscil Taveras, Miller, Martin, Calamari Jr, Walt Nauta, Carlos De Oliveira, Michael Roman, Boris Epshteyn, Taylor Budowich, William Russell, Kash Patel, Brian Jack, Roman, Dhillon, Epshteyn, Jack, Patel, De Oliveira, Russell, Alina Habba, Steven Cheung, Cheung, Stephen Gillers, Jason Lange, Andrew Goudsward, Nathan Layne, Sarah N, Lynch, Karen Freifeld, Ted Hesson, Scott Malone, Deepa Babington Organizations: U.S, Republican, REUTERS, Rights, Reuters, Trump, Save, Federal, Commission, Make, Inc, MAGA Inc, Republican Party, America, Save America, Trump Organization, Scavino, New York University, Thomson Locations: Dubuque , Iowa, U.S, Save America, America's, Georgia, Budowich

In volatile trading, the U.S.-listed shares of several cannabis firms rose immediately after the Senate vote. Investors expected it to exit the banking committee. An earlier version of the bill, the SAFE Banking Act, had failed to secure a Senate vote despite being passed seven times by the U.S House of Representatives. As a result, legal cannabis companies are denied access to financial services. To get it through the Senate banking committee is a major achievement," Boris Jordan, billionaire founder of Curaleaf Holdings, said in an interview.

Persons: Chris Wattie, Jesse Redmond, Redmond, We've, it's, Boris Jordan, Jordan, Chibuike Oguh, Suzanne McGee, Michelle Price, Lance Tupper, Bill Berkrot Organizations: Canopy Growth Corporation, REUTERS, U.S, U.S . Senate, Aurora, Cronos, SNDL Inc, Curaleaf Holdings, Tilray, Cannabis ETF, Cannabis, Tower Research, Investors, SAFE, Thomson Locations: Smiths Falls , Ontario, Canada, U.S, New York, Bengaluru

☆ How an Army combat medic pivoted to filmmaking, thanks in part to a Sundance program that fostered directors like Ryan Coogler and Chloe Zhao
▼ + stars: | 2023-09-26 | by ( Reed Alexander | ) www.businessinsider.com time to read: +7 min

The Directors Lab, which goes back 40 years and claims graduates from Quentin Tarantino and Gina Prince-Bythewood to Ryan Coogler to Chloe Zhao, is a supercharged accelerator for new filmmakers. Rashad Frett, right, a member of the 2023 Directors Lab, speaks with Michelle Satter, founding director of the Sundance Institute's Feature Film Program. It's a 20-minute short that screened at the Sundance Film Festival in January; Fretts' time at the Directors Lab was devoted to developing it into a feature, filming multiple scenes. But it took a few tries before his application to join the Directors Lab was successful, he said. Rashad Frett works on his short film "Ricky" during this year's Directors Lab, conducted by the Sundance Institute.

Persons: Rashad Frett, Frett, Quentin Tarantino, Gina Prince, Bythewood, Ryan Coogler, Chloe Zhao, Michelle Satter, who's, Sciences Jean Hersholt, Angela Bassett, Mel Brooks, Carol Littleton, Satter, —, Jonathan Hickerson, he'd, Spike Lee, Ricky, Lin Que Ayoung, It's, Fretts, Sam Emenogu, Joan Darling, Joan Tewkesbury, it's, he's, Reed Alexander Organizations: Army, Sundance, Labs, Hollywood, of Motion Picture Arts, Sciences, New York University, NYU, Sundance Film, Lab, Sundance Institute Locations: New York, Sundance, Utah, New, Hollywood

NEW YORK, Sept 26 (Reuters) - Shares of electric-vehicle startup Fisker Inc (FSR.N) rose by more than 20% on Tuesday after the company reaffirmed its plan to increase deliveries of its flagship Ocean sports utility vehicle, and a bullish Wall Street analyst report. The EV maker said it had built 5,000 Ocean SUVs and expects to ramp up deliveries to 300 units per day later this year, reiterating a plan announced earlier this month by Chief Executive Henrik Fisker. Fisker's shares rose as high as $6.47, and were on course for their biggest daily percentage gain since April. "The automotive industry is undergoing a once-in-a-century revolution with technology advancement on electrification, autonomy, and digitization," the analysts said. Unlike other EV makers, Fisker has outsourced its vehicle production to Canadian auto part supplier Magna International (MG.TO).

Persons: Henrik Fisker, John Babcock, Fisker, Chibuike Oguh, Lance Tupper, Deepa Babington 私たち Organizations: Ocean, Bank of America, Magna International Locations: California, U.S, Europe, New York

☆ I'm a freshman at NYU, living in the school's newest dorm building. From modern rooms to large study spaces, here's a tour of my dorm life.
▼ + stars: | 2023-09-24 | by ( Zoe Applebaum | ) www.businessinsider.com time to read: +1 min

I'm a freshman at NYU, and I live in the school's newest dorm building. I share a spacious room with two other girls, and we all share the bathroom. The new building has a café, a gym, and a large study space. Since it's the newest residence hall at NYU, my dorm building has a lot to offer. From big dorm rooms to great study spaces, the Paulson Center is unparalleled among the other NYU dorms in my opinion.

Persons: I'm, John A Organizations: NYU, Service, New York University, Paulson Center, Paulson Locations: Wall, Silicon

☆ I'm an NYU student who studied abroad twice for free. Though I experienced racism overseas, I still plan on studying abroad a 3rd time.
▼ + stars: | 2023-09-23 | by ( Zamiya Jean | ) www.businessinsider.com time to read: +5 min

As an NYU student, I've been able to study abroad in Florence and Paris. I still love traveling and will study abroad again next semester. AdvertisementAdvertisementAt Gallatin, I have the freedom to study abroad as many times as I want. Because of this, I studied at NYU Florence in the fall and NYU Paris in the spring of my sophomore year. I leaned into my other identities: I'm Black, Caribbean, Haitian, and St. Lucian, as well as a New Yorker.

Persons: I've, I'm, Lucian Organizations: NYU, Service, New York University, Gallatin School, NYU Florence, NYU Paris, NYU London, New Yorker Locations: Florence, Paris, Italy, Wall, Silicon, Gallatin, it's, Caribbean, New, America, Europe, London

☆ The Senator’s Shorts and America’s Decline
▼ + stars: | 2023-09-22 | by ( Peggy Noonan | ) www.wsj.com time to read: +1 min

☆ Why NYC’s subway is struggling
▼ + stars: | 2023-09-21 | by ( Shawn Baldwin | ) www.cnbc.com time to read: +1 min

Hybrid work has meant fewer riders on New York City's subway and a drop in fare revenue for the system's operator, the Metropolitan Transportation Authority. The number of paying weekday subway riders averaged 3.6 million in June, according to the MTA, compared with daily ridership of almost 5.5 million in 2019. Inflation and transit crime have also impacted subway ridership. The MTA is the operator of New York's more than 6,400 subway cars, more than 5,700 buses, two of the country's busiest commuter trains, and multiple bridges and tunnels. So when will New York City subway riders return in greater numbers?

Persons: Sarah Kaufman, New York University Rudin, they're Organizations: Metropolitan Transportation Authority, New York University, New York University Rudin Center for Transportation, New Locations: New York, New York City

☆ Artificially sweetened ultraprocessed foods linked to depression in women, study finds
▼ + stars: | 2023-09-20 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +7 min

CNN —Eating greater amounts of ultraprocessed food and drinks, especially if those items are artificially sweetened, may be linked to the development of depression, according to a new study. Ultraprocessed foods include hot dogs, sausages, French fries, sodas, store-bought cookies, cakes, candies, ice cream and many foods containing artificial sweeteners. For one, there is a known link between ultraprocessed foods and chronic inflammation, Chan said. For example, studies have linked ultraprocessed foods colorectal cancer in men and heart disease and early death in both men and women. In addition, the study is observational, which means that researchers can only find an association between the onset of depression and the intake of ultraprocessed foods.

Persons: ” Gunter Kuhnle, ”, Andrew T Chan, Daniel K, Harvard T.H, Chan, Kuhnle, ” Marion Nestle, Paulette Goddard, ” Chan, David Katz, ” Katz, ” It’s, Katz, It’s, Paul Keedwell, Keith Frayn, Frayn, ” Frayn Organizations: CNN, University of Reading, Harvard Medical School, Harvard, of Public Health, Massachusetts General Hospital, New York University, ” Association, JAMA, Nurses, True Health Initiative, Royal College of Psychiatrists, BMI, University of Oxford Locations: Chan, Boston, Massachusetts, McDonald’s

☆ Australian Indigenous Voice: Three generations of First Nations men share their views on Australia's referendum
▼ + stars: | 2023-09-18 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +7 min

Now 94, Anderson says a Yes vote isn’t just important for him but the country. “By talking and walking together as a nation and as a society, we will share a common destiny,” he said. Wharton said he wants “liberation, freedom and restitution” delivered through negotiation by the hundreds of Aboriginal nations with people occupying their land. Nick Harvey-Doyle is studying in New York and is calling for a Yes vote. Sykes, who died in 2010, was the first Black Australian to study at Harvard, and fought for a Yes vote in the 1967 Referendum.

Persons: Uncle Bob Anderson, Elder, ”, Anderson, Hilary Whiteman, Wayne Wharton, “, Wharton, “ I’ve, ” Wharton, Nick Harvey, Doyle, Elder Anderson, that’s, Doyle Harvey, Roberta Sykes, Sykes, Harvey, don’t, aren’t, Jonathan PIlkington, they’ll, what’s, he’s Organizations: Australia CNN —, First Nations, Nations, CNN, Aboriginal, Brooklyn, New York, New York University, Australian, Harvard, Australian Voice, Australian Electoral Commission, Torres Strait Locations: Brisbane, Australia, New York, New South Wales

☆ How an auto workers strike 87 years ago transformed America
▼ + stars: | 2023-09-17 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +6 min

The workers, members of the tiny United Automobile Workers union founded just a year prior, sought to improve brutal working conditions at mighty General Motors, the world’s largest manufacturer. The UAW’s sit-down strike across GM plants lasted 44 days. The 44-day strike birthed the United Auto Workers union. The UAW is calling its new strategy a “stand up strike,” a reference to the sit-down strike that started 87 years ago, and has launched targeted strikes at selected plants. The sit-down strike also prompted unionization and a wave of strikes in other industries.

Persons: Sheldon Dick, —, Shawn Fain, “ Shawn Fain, ”, Thomas Sugrue, GM foremen, Steven Greenhouse, Tom Watson, Frank Murphy, “, Joseph McCartin, Emily Elconin, Fain, McCartin Organizations: New, New York CNN, General Motors, Fisher, United Automobile Workers, GM, United Auto Workers, UAW, Detroit’s, Motors, Ford, New York University, American Labor, ” Strikers, Chevrolet, NY, Getty Images Police, Management, Flint police, Michigan Gov, National Guard, New York Times, Magazine, Chrysler, “ Auto, Georgetown University, Bloomberg, Getty, Unions, Current UAW Locations: New York, Flint , Michigan, America, Europe, Flint, Bettmann, Ford, Wayne , Michigan

☆ Biden Can’t Resist the ‘River of Power’
▼ + stars: | 2023-09-15 | by ( Peggy Noonan | ) www.wsj.com time to read: +1 min

☆ I moved to Seattle for a high-paying tech job. It turned out to be the loneliest time of my life.
▼ + stars: | 2023-09-13 | by ( Aria Yang | ) www.businessinsider.com time to read: +9 min

This as-told-to essay is based on a conversation with Alexander Nguyen, a software engineer who moved from New York City to Seattle for a job at Amazon. It was his first job out of college, and he says it was the loneliest time of his life. Finally, after a three-month job search, things started looking up: I received a software-development-engineering job offer from Amazon in 2020. Back when I got the job at Amazon, all I was thinking about was my tech career and the $150,000 salary. Looking back now, I realize perhaps I should have looked a little bit harder for opportunities in New York before taking the first tech job that came my way.

Persons: Alexander Nguyen, Boba Guys, —, Alexander Nguyen Nobody, it'd, I've, It's, I'm, it's, you've, Aria Yang Organizations: New York University, White Oaks, Amazon, Facebook, University District, NYU, CS, Netflix, Microsoft, Google Locations: New York City, Seattle, Greenwich Village, University, San Francisco, New York, ayang@insider.com

Like many financial institutions in the current high interest rate environment, Northern Trust is confronting growing financing costs as tries to hold onto deposits. Northern Trust shares sank to $69.81, down more than 9%, to their lowest level since mid-July after Tyler's comments. A Northern Trust spokesperson did not immediately respond to a Reuters request for further comment. Asset and wealth managers, including Northern Trust and peer State Street Corp (STT.N), are seeing a decline in NII as customers move deposits to higher yielding alternatives. In July, Northern Trust reported that its deposits fell by 10% to $91.9 billion in the second quarter, although Tyler said on Tuesday deposits have generally stabilized.

Persons: Jason Tyler, That's, it's, Tyler, Tyler's, Chibuike Oguh, Michelle Price, Mark Potter Organizations: Northern Trust Corp, Barclays, Northern Trust, State Street Corp, Trust, Thomson Locations: New York

☆ Should I Ditch Bonds for Money-Market Funds or CDs?
▼ + stars: | 2023-09-11 | by ( Steve Garmhausen | ) www.wsj.com time to read: +5 min

By Steve GarmhausenIs it reasonable or even wise to shift some of your bond allocation to money-market funds paying over 5%? The broad bond market had its worst year ever in 2022, as reflected by the AGG—the iShares Core U.S. Bonds vs. money-market fundsSo should you really sell bonds and use the proceeds to buy these products? Bonds have also performed better historically than the “cash” category, which includes money-market funds. Money-market funds are considered a low-risk investment, and one that’s easy to sell if you need cash.

Persons: Steve Garmhausen, Bonds, Amita Desai, ”, Adrianne Yamaki, Brent Weiss, Aswath Damodaran, Weiss, you’ve, Yamaki Organizations: Aggregate, Federal Reserve, Money Market Fund, Treasury, New York University Locations: Demarest, N.J, San Francisco, Baltimore, “, New Jersey

☆ New mosaic of Mars could enable humans to settle on another world
▼ + stars: | 2023-09-09 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

CNN —When the Perseverance rover landed on Mars in February 2021, it wasn’t alone. The instrument’s capabilities demonstrated that oxygen for life support systems and rocket fuel could be created on Mars rather than transported from Earth. The device is another tool enabling the eventual exploration of Mars by humans. Other worldsThis map of Mars, created by researchers at New York University Abu Dhabi, uses color photographs of the entire planet. That’s what researchers at New York University Abu Dhabi are aiming to do with the Mars Atlas.

Persons: Percy, Dimitra Atri, ”, Fujianvenator, Christopher Owen Hunt, Ralph Solecki, Arlette Leroi, Gourhan, Chris Hunt, Nicolas Reusens, Jack Zhi, ” Zhi, —, REx, Comet Nishimura, Ashley Strickland, Katie Hunt Organizations: CNN, New York University, NYU Abu Dhabi Center for Astrophysics, Mars, United, United Arab Emirates, Mars Research, Liverpool John Moores University, Amagusa, CNN Space, Science Locations: Mars, New York University Abu, New York University Abu Dhabi, United Arab, China, Fujian, Kurdistan, Iraq, United Kingdom, Japan, Israel

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