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☆ Stocks surge in Asia as US averts default, Fed pause bets rise
▼ + stars: | 2023-06-02 | by ( Ankur Banerjee | ) www.reuters.com time to read: +4 min

The exuberant mood looked set to continue in Europe, with Eurostoxx 50 futures up 0.45%, German DAX futures up 0.49% and FTSE futures 0.18% higher. The Treasury Department had warned it would be unable to pay all its bills on June 5 if Congress failed to act. "The market's focus is shifting to the economic front and Fed's decision on rates now," said Tina Teng, markets analysts at CMC Markets. AMP's Oliver said the prevailing sentiment now is that there will be a pause in June and that's helped markets. Australia's S&P/ASX 200 index (.AXJO) rose 0.42%, while Japan's Nikkei (.N225) was 1% higher, continuing its hot run.

Persons: DAX, Shane Oliver, Tina Teng, Patrick Harker, Harker, AMP's Oliver, that's, there'll, Australia's, Sterling, Brent, Ankur Banerjee, Lincoln, Kim Coghill Organizations: Federal Reserve, U.S . Senate, Representatives, Treasury Department, AMP, CMC Markets, Labor, Philadelphia Federal, Japan's Nikkei, Treasury, Thomson Locations: SINGAPORE, Asia, Pacific, Japan, Europe, Sydney, U.S, China, Shanghai

For Felisha Robinson, it was the scene in the biopic “What’s Love Got to Do With It” in which Tina Turner runs across the highway, face bloodied from having been beaten by her then-husband and performing partner, Ike Turner, to escape her abusive marriage with nothing but 36 cents and a Mobil card in her pocket. As Robinson, 42, was getting out of her own abusive marriage in 2020, she found herself gravitating toward the 1993 film that made waves around the world for starkly depicting the violence Tina Turner had endured. She had watched it when she was younger, but felt she now understood all that it took for Turner get there. Looking back at the singer’s interviews, books and songs helped Robinson process her own experience. “The desperation that was in her, like, ‘I have got to get out of this situation.

Persons: Felisha Robinson, Tina Turner, Ike Turner, Robinson, “, ”, Turner Organizations: Mobil

☆ Investors Have Soured on China’s Stocks, Renewing Fears About Economy
▼ + stars: | 2023-06-02 | by ( Vivek Shankar | ) www.nytimes.com time to read: +1 min

China was reopening after nearly three years of pandemic lockdowns, and investors expected that its economy, the world’s second-largest, would come roaring back to life. Chinese stocks soared. This week, Chinese stocks that are traded in Hong Kong sank briefly into a bear market, after losing more than 20 percent of their value from a high in January. Despite the continuing geopolitical tensions between China and the United States, the economic and business ties between the two countries remain intricately linked. “All the signals from China are pointing to a bumpy, faltering economic rebound,” said Tina Teng, an analyst with CMC Markets in Auckland, New Zealand.

Persons: Stocks, ”, Tina Teng Organizations: CMC Markets Locations: China, Hong Kong, United States, Auckland , New Zealand

U.S. Federal Reserve officials on Wednesday suggested interest rates could be kept on hold this month and the U.S. House of Representatives passed a bill suspending the government's debt ceiling, improving the chance of averting a disastrous default. "Oil markets may have been oversold in the last two trading days," said CMC Markets analyst Tina Teng. "Sentiment rebounded amid the debt bill's passage in the House and (the) Fed's rate hike pause signal." Mixed demand indications from China, the world's biggest oil importer, have nonetheless weighed on the market, as has industry data showing a rise in U.S. crude inventories. Market sources citing American Petroleum Institute (API) figures on Wednesday said that U.S. crude inventories rose by about 5.2 million barrels last week.

Persons: Tina Teng, Tamas Varga, Alex Lawler, Rowena Edwards, Arathy Somasekhar, Andrew Hayley, David Goodman Organizations: Representatives U.S, U.S . Federal, U.S . House, Brent, West Texas, American Petroleum Institute, of, Petroleum, Reuters, Thomson Locations: China, OPEC, Russia, London, Houston, Beijing

BEIJING, June 1 (Reuters) - Oil prices rose on Thursday, reversing earlier losses, as a potential pause in U.S. interest rate hikes and the debt ceiling bill passing a crucial vote renewed optimism about further fuel demand growth in the world's biggest oil consumer. U.S. Federal Reserve officials on Wednesday pointed towards a potential rate hike "skip" in June that reversed market expectations of an imminent hike that could slow economic growth and weaken oil demand. "Oil markets may have been oversold in the last two trading days due to the sluggish Chinese data and debt ceiling concerns. Sentiment rebounded amid the debt bill’s passage in the House, and (the) Fed’s rate hike pause signal also offered a rebounding opportunity," said Tina Teng, a markets analyst at CMC Markets in Auckland. U.S. crude oil inventories rose by about 5.2 million barrels last week, according to market sources citing American Petroleum Institute (API) figures on Wednesday.

Persons: Brent, Tina Teng, Goldman Sachs, Arathy Somasekhar, Andrew Hayley, Sonali Paul, Christian Organizations: Brent, U.S, West Texas, . Federal, U.S . House, CMC Markets, P Global, American Petroleum Institute, Organization of, Petroleum, HSBC, Thomson Locations: BEIJING, Auckland, China, P Global China, U.S, Russia, Houston, Beijing

☆ 3 New York teens arrested in connection with killing and ‘consuming’ beloved village swan, police say
▼ + stars: | 2023-06-01 | by ( Zenebou Sylla | ) edition.cnn.com time to read: +3 min

CNN —Three teenagers have been arrested in connection with killing and “consuming” a beloved swan in a Syracuse, New York, suburb, and stealing four young swans this week, police said. A mature female swan named Faye and her four young swans, also known as cygnets, were reported missing from the swan pond Monday, police in the village of Manlius said. The three friends, who attend the same high school, hopped over the fence surrounding the swan pond in the middle of the night, Hatter said. We will continue to have swans,” Whorrall said. The swans have been in Manlius since 1905, according to Whorrall, and the village cares for and feeds them.

Persons: Faye, Tina Stanton, Stanton, Ken Hatter, Hatter, ”, Manlius Mayor Paul Whorrall, Faye’s, Manny –, Whorrall, ” Whorrall, “ We’ll, Manlius, old’s, ” Hatter Organizations: CNN, Police, Manlius Mayor, New York’s Department of Environmental Conservation Locations: Syracuse , New York, Manlius, New York

☆ Online College Class Providers Screwing Over Students, Adding to Debt Crisis
▼ + stars: | 2023-06-01 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +18 min

She applied and was accepted to the online program in 2020. In exchange for expanding course offerings and recruiting students, OPMs receive a big chunk of the tuition revenue from the online programs, which usually cost the same as in-person schooling. While it's not always the case, many experts and grads told me that OPMs were offering online students a worse education for a sky-high price. A third-party provider to those schools, 2U signs a contract to offer services such as recruiting and technology to boost online enrollment. But beyond scandals, the everyday business of OPMs is leaving many online students with exorbitant bills, despite how cheap it is to administer the courses.

Persons: Iola Favell, Favell, Rossier, USC Rossier, OPMs, it's, grads, Eric Rothschild, John Katzman, Katzman, Clare McCann, McCann, —, Aaron Ament, Barack Obama, That's, STEFANI REYNOLDS, Helen Drinan, Cabrini University —, Drinan, Democratic Sens, Elizabeth Warren, Tina Smith, Sherrod Brown, Pearson, Rosa DeLauro, Virginia Foxx, Ament Organizations: University of Southern California's Rossier School of Education, USC, Student Defense, US, Education Department upended, Education Department, Arnold Ventures, OPM, Office, Los Angeles Times, Wall Street, Canyon University, Grand Canyon, Century Foundation, Getty, Cabrini University, Simmons University, Democratic, GAO, Republican, GOP, Universities, Protection, Consumer Financial, Bureau Locations: California, Georgetown, —, Pennsylvania, Massachusetts

☆ ‘Reality’ Review: An Unusual Suspect
▼ + stars: | 2023-05-31 | by ( Amy Nicholson | ) www.nytimes.com time to read: +1 min

Reality Winner’s life changed six years ago in June when F.B.I. agents showed up at her home in Georgia. I’m giving this background because Tina Satter’s gripping docudrama “Reality” doesn’t. Satter strips the political context from that first F.B.I. Working from the official transcript, Satter finds that the young woman is primarily concerned with the safety of her pets.

Persons: she’d, Miranda, Tina Satter’s, Sydney Sweeney, Josh Hamilton, Marchánt Davis, “, ” Organizations: U.S . Air Force Locations: Georgia

☆ In pictures: Turkey's Erdogan triumphs in election
▼ + stars: | 2023-05-29 | by ( Dave Lucas | ) www.reuters.com time to read: 1 min

Tina Turner, the American-born singer who left a hardscrabble farming community and abusive relationship to become one of the top recording artists of all time, died at the age of 83.

☆ Oil rises after US leaders strike provisional debt deal
▼ + stars: | 2023-05-29 | by ( Florence Tan | ) www.reuters.com time to read: +3 min

Companies Baker Hughes Co FollowSINGAPORE, May 29 (Reuters) - Oil prices rose on Monday after U.S. leaders reached a tentative debt ceiling deal, possibly averting a default in the world's largest economy and oil consumer, although concerns about further interest rate hikes capped gains. "The tentative debt deal offered a relief rally in risk assets, including crude oil," said Tina Teng, a CMC Markets analyst. Analysts see the boost in oil prices from the debt deal as short-lived. "Higher U.S. rates are a headwind for crude oil demand," he added. Future oil output growth in the U.S., the world's biggest producer, also may slow as energy firms cut rigs for a fourth week.

☆ This Town Made Tina Turner. She Made It Famous.
▼ + stars: | 2023-05-29 | by ( Rick Rojas | ) www.nytimes.com time to read: +1 min

Ms. Ewing lost touch, but she admired Ms. Turner’s resilience, particularly as she clawed her way back from her abusive relationship with Ike Turner. “Knowing you can have calamities but if you’re strong enough, strong-minded and have a strong will, you can make it to the top of the hill,” she said. Pam Stephens, a resident who attended the memorial, often cautions outsiders who know of the community only from “Nutbush City Limits” to temper their expectations. “There’s not even a stop sign,” she said, “unless you pull off the main road.”But the Tina Turner Museum, at her childhood schoolhouse, has given visitors another reason to exit the interstate. The refurbished white wooden building is filled with artifacts that Ms. Turner personally sent for display.

☆ Oil rises after U.S. leaders strike provisional debt deal
▼ + stars: | 2023-05-29 | by ( ) www.cnbc.com time to read: +3 min

Oil prices rose on Monday after U.S. leaders reached a tentative debt ceiling deal, possibly averting a default in the world's largest economy and oil consumer, although concerns about further interest rate hikes capped gains. "The tentative debt deal offered a relief rally in risk assets, including crude oil," said Tina Teng, a CMC Markets analyst. Analysts see the boost in oil prices from the debt deal as short-lived. "Higher U.S. rates are a headwind for crude oil demand," he added. Future oil output growth in the U.S., the world's biggest producer, also may slow as energy firms cut rigs for a fourth week.

☆ Opinion: The ultimate ‘Succession’ lesson
▼ + stars: | 2023-05-28 | by ( Richard Galant | ) edition.cnn.com time to read: +13 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. Walt Handlesman/Tribune Content AgencyIn a much more ominous vein, the theme of survival dominates the HBO show “Succession,” which is coming to an end Sunday. She’s so caught up in beating her brothers at the succession game that she can’t see this baby as anything but an obstacle.”“Ultimately, this storyline is a perfect encapsulation of the larger tragedy that is ‘Succession,’” Bodenheimer added. The contest for the 2024 GOP presidential nomination heated up last week with the official entry of Florida Gov. Ron DeSantis, former President Donald Trump’s strongest challenger in the polls.

☆ Fact Check-Guardian headline on Tina Turner and reparations is fabricated
▼ + stars: | 2023-05-26 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

An image seemingly showing a headline published by The Guardian on Tina Turner’s death and reparations is fabricated. “We can confirm that the link shared has never been a published Guardian headline or story,” a spokesperson for the outlet. A search via The Guardian’s website did not reveal the headline (www.theguardian.com/uk). An online search did not reveal the headline published by any outlet (archive.is/wip/Dtudn). The headline similarly cannot be seen via archived versions of The Guardian’s homepage saved on May 24 and May 25 (here), (here).

☆ Ukraine, Russia swap prisoners outside Bakhmut
▼ + stars: | 2023-05-26 | by ( Jeremy Schultz | ) www.reuters.com time to read: 1 min

Tina Turner, the American-born singer who left a hardscrabble farming community and abusive relationship to become one of the top recording artists of all time, died at the age of 83.

☆ Tina Turner, a Queen of Rock ’n’ Roll Covers
▼ + stars: | 2023-05-26 | by ( ) www.nytimes.com time to read: +2 min

Led Zeppelin and the Rolling Stones got the treatment, too, and so did “Louie Louie,” with a sultry, little-known rendition which — I’m not even making this up — louielouie.net (“The blog for all things Louie Louie”) called “one of the essential Louie Louie recordings!” with some all-caps emphasis. Tina Turner was a seismic, once-in-a-lifetime musical force, but I don’t need to tell you that; I’ll let this playlist do the talking. And I’ll let my colleague Wesley Morris, who wrote an appraisal worthy of the queen, do some of it too: “They’re saying she was 83? It shot from her — from her feet, thighs, hands, arms, shoulders, out of her hair, out of her mouth.”Listen along on Spotify as you read. “Gimme, gimme, gimme a honky tonk man.” (Listen on YouTube)

☆ Tina Turner: 1939 - 2023
▼ + stars: | 2023-05-25 | by ( Jillian Kumagai | ) www.reuters.com time to read: 1 min

Prince Charles looks on as Princess Diana cuts a cake to mark the tenth year of the Prince's Trust at a charity rock concert at Wembley on June 20, 1986, as Phil Collins, Tina Turner and Rod Stewart look on in London. REUTERS/David Osborn

☆ Elon Musk said Ron DeSantis' disastrous campaign launch was the 'top story on Earth.' A quick glance at the global media shows the death of Tina Turner was far more talked about.
▼ + stars: | 2023-05-25 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

As newspapers reported on it, Elon Musk decided to claim it was "the top story on Earth." But this was the same day Tina Turner died, and DeSantis wasn't mentioned on most front pages. Elon Musk claimed that Ron DeSantis' glitchy presidential announcement on Twitter Spaces was "the top story on Earth" on Wednesday. US Google was dominated by "Tina Turner" with 5 million searches, followed by a rise in Nvidia shares, a PlayStation showcase, and Krispy Kreme donuts. On Wednesday — the day Musk claimed it was the biggest story in the whole world — Turner was well ahead at top spot.

☆ Iconic singer Tina Turner dies at 83
▼ + stars: | 2023-05-24 | by ( Stefan Sykes | ) www.cnbc.com time to read: +3 min

Singer Tina Turner has died at the age of 83 after a long illness, according to a statement posted on her official Facebook page Wednesday. "It is with great sadness that we announce the passing of Tina Turner. In a separate statement to Sky News, a spokesperson said Turner died "peacefully" at her home in Küsnacht, near Zurich, Switzerland. Tuner began her career as a teenager in the late 1950s singing backup for musician Ike Turner's blues band Kings of Rhythm. "I'm so saddened by the passing of my wonderful friend Tina Turner," tweeted Rolling Stones frontman Mick Jagger.

☆ Opinion: A cerebral rock star is dead
▼ + stars: | 2023-05-21 | by ( Opinion John Avlon | ) edition.cnn.com time to read: +5 min

He is the author of “Lincoln and the Fight for Peace.” The views expressed in this essay are his own. These celebrated writers were the subject of long-form profiles and occasional tabloid scandals, treated as cerebral rock stars and voices of their generation. They were a post-punk crew that migrated from the UK to the US, including Hitchens, Tina Brown and Salman Rushdie. In his final book, “Inside Story,” part memoir and part novel, Amis returned to his friendship with Hitchens in the 1970s, prior to their becoming famous. It chronicles a doomed affair, flashing forward at times to the decline of their friend Saul Bellows from dementia, as well as Hitchens’ death.

☆ Martin Amis, British writer of dark comedic novels, dies at 73
▼ + stars: | 2023-05-20 | by ( ) www.reuters.com time to read: +2 min

[1/2] Novelist Martin Amis (L) talks to Tina Brown at the launch of Brown's book "The Diana Chronicles" at a party hosted by Reuters in the Serpentine Gallery in central London, June 18, 2007.... Read moreWASHINGTON, May 20 (Reuters) - Martin Amis, a British writer of dark comedic novels, has died at the age of 73, his publisher said Saturday on Twitter. Penguin Books said Amis "leaves a towering legacy and an indelible mark on the British cultural landscape, and will be missed enormously." Amis died Friday at his home in Lake Worth, Florida, the New York Times reported earlier, quoting his wife, Isabel Fonseca, as saying the cause was esophageal cancer. He worked as an editor at The Times Literary Supplement and later the literary editor of The New Statesman. In a 2020 interview with the New York Times, Amis said "we read literature to have a good time.

☆ Tiger Woods: Judge upholds NDA arbitration clause in golfer's dispute with ex-girlfriend
▼ + stars: | 2023-05-18 | by ( Tina Burnside | ) edition.cnn.com time to read: +1 min

CNN —A Florida judge has blocked an attempt by the ex-girlfriend of professional golfer Tiger Woods to nullify a non-disclosure agreement (NDA) that would require her to arbitrate complaints she has filed against the golfer. Lawyers for Erica Herman were challenging the validity of the NDA because of allegations of sexual harassment against the 15-time major champion. “Herman has had the opportunity to provide factual specificity for any claim relating to sexual assault or sexual harassment, however, she has not done so,” wrote Judge Metzger. In a court filing earlier this month, Woods’ lawyers characterized Herman’s allegations of sexual harassment as “implausible,” writing that “Ms. William West/AFP/Getty ImagesCNN has reached out to attorneys for Tiger Woods and Erica Herman for comment.

☆ Minnesota man indicted over theft of Judy Garland’s ‘The Wizard of Oz’ slippers
▼ + stars: | 2023-05-18 | by ( Tina Burnside | ) edition.cnn.com time to read: +2 min

CNN —US authorities have charged a man in connection with the theft of a pair of ruby red slippers worn by actress Judy Garland as Dorothy in the 1939 classic movie “The Wizard of Oz” nearly 20 years after they were stolen from a museum in Minnesota. Judy Garland is thought to have used at least seven different pairs of ruby slippers on the set of the 1939 classic. ShutterstockIn August 2005, authorities said a thief broke into the Judy Garland Museum in Grand Rapids, Minnesota before smashing a glass display case and stealing the slippers. Regarded as among most recognizable items of memorabilia in American film history, the red slippers were, in the movie, gifted to Dorothy by Glinda the Good Witch. WCCOIt is not known how many pairs of ruby slippers Garland wore during filming, though the stolen shoes were among four remaining ones known to have survived.

☆ Charles Schwab's director of trading shares the 3 key factors to look for when picking stocks in 2023 — but says investors may be better off buying bonds
▼ + stars: | 2023-05-18 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +6 min

He shares three key factors investors should look for when buying stocks in 2023. But in fact, investors may actually be too optimistic right now, according to Joe Mazzola, Charles Schwab's director of trading and education. At this point, Mazzola believes it's pretty clear the Federal Reserve is planning to pause its rate-hiking cycle in June. One key metric Mazzola tracks is the earnings yield spread, or earnings divided by asset price — the inverse of the more widely followed price-to-earnings ratio. Fundamentally, the earnings yield shows an investor how much they're paying for potential earnings, Mazzola explained.

U.S. West Texas Intermediate crude edged down 2 cents to $70.84 as of 0222 GMT. "Crude prices remain heavy as energy traders just can't shake off global demand concerns. U.S. crude stockpiles rose by about 3.6 million barrels in the week ended May 12, according to market sources citing American Petroleum Institute figures. U.S. government data on crude and product stockpiles is due at 1430 GMT. The U.S. Treasury Department has estimated that the United States will go into a crippling default as early as June 1 if Congress does not lift the debt ceiling.

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