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☆ What King Charles' coronation means for the UK economy
▼ + stars: | 2023-05-03 | by ( Hanna Ziady | ) edition.cnn.com time to read: +8 min

But the UK economy as a whole could suffer as workers take an extra day’s holiday. John Lewis' Coronation Lewis Bear. John Lewis & PartnersDepartment store John Lewis has had to limit in-store purchases of its Coronation Lewis Bear to two per household, and the teddy is out of stock online. For the coronation, UK luxury brands “have procured unique merchandise at all levels of the economy and we’re seeing people buying it, particularly Americans and EU customers,” she added. (The coronation holiday will be the third holiday Monday this month.)

☆ Google AI pioneer says he quit to speak freely about technology's 'dangers'
▼ + stars: | 2023-05-02 | by ( ) www.reuters.com time to read: +2 min

[1/2] Artificial intelligence pioneer Geoffrey Hinton speaks at the Thomson Reuters Financial and Risk Summit in Toronto, December 4, 2017. REUTERS/Mark BlinchMay 2 (Reuters) - A pioneer of artificial intelligence said he quit Google (GOOGL.O) to speak freely about the technology's dangers, after realising that computers could become smarter than people far sooner than he and other experts had expected. "I left so that I could talk about the dangers of AI without considering how this impacts Google," Geoffrey Hinton wrote on Twitter. “The idea that this stuff could actually get smarter than people — a few people believed that,” he told the New York Times. In his tweet, Hinton said Google itself had "acted very responsibly" and denied that he had quit so that he could criticise his former employer.

☆ Australia to ban recreational vaping in e-cigarette crackdown
▼ + stars: | 2023-05-02 | by ( Renju Jose | ) www.reuters.com time to read: +2 min

SYDNEY, May 2 (Reuters) - Australia on Tuesday proposed to tighten e-cigarette laws, including introducing new controls on import and packaging to stamp out vaping especially among kids, in the biggest crackdown on the tobacco industry in more than a decade. But Butler will say that vaping has become a recreational product now, mostly sold to teenagers and young people. "This is a product targeted at our kids, sold alongside lollies and chocolate bars," Butler will say. Tobacco firms were quick to switch to e-cigarettes that offer different flavours and created designs targeting a new generation of users. ($1 = 1.5088 Australian dollars)Reporting by Renju Jose in Sydney; Editing by Sonali PaulOur Standards: The Thomson Reuters Trust Principles.

Vaping involves heating a liquid that contains nicotine in an e-cigarette which is vaporized and inhaled by the user. “Vaping was sold to governments and communities around the world as a therapeutic product to help long-term smokers quit,” Butler said. “It was not sold as a recreational product – in particular not one for our kids. Vaping concerns across the worldResearchers have found links between nicotine addiction among adolescents and children as a result of increased vaping habits. Meanwhile, the United Kingdom is also tackling high-levels of youth vaping but is pushing it as an alternative to help long-term smokers quit.

☆ Roma and Milan share spoils with late goals in top-four battle
▼ + stars: | 2023-04-29 | by ( ) www.reuters.com time to read: +3 min

Milan remain fourth in the standings, level on 57 points with Roma in fifth, with both sides two points behind third-placed Juventus who travel to Bologna on Sunday. Roma's back luck, however, did not end there and Mourinho was forced to make an early change when defender Marash Kumbulla clashed inside the box with Milan forward Olivier Giroud. They had a decent chance just after the half-hour mark but forward Leao fired wide. Milan defenders Davide Calabria and Fikayo Tomori had two more chances before halftime but both missed the target. Milan host second-bottom Cremonese on Wednesday when Roma travel to ninth-placed Monza.

☆ Bluesky Social: Twitter's former CEO has a new app that looks a lot like Twitter
▼ + stars: | 2023-04-28 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +4 min

CNN —The buzzy new social media app of the moment looks so much like Twitter it’s almost hard to distinguish the two. But under the hood, Bluesky, developed by Twitter co-founder and former CEO Jack Dorsey, is vastly different. The Bluesky social media app logo is seen on a mobile device in April 2023. Like Mastodon, Bluesky appeals to a number of Twitter users who are frustrated with the direction of the platform under owner Elon Musk. As Eve 6 wrote on Twitter: “Bluesky invite codes are the new blue check.”

☆ Farewell to Twitter’s ‘Stinking Badge’
▼ + stars: | 2023-04-28 | by ( ) www.nytimes.com time to read: 1 min

I got my verified Twitter check mark about eight years ago while working as a cub reporter at a digital news outlet. I did nothing to earn it other than show up to work one day and oh, hey, would you look at that! I’m verified. (Technically, the check mark was white, surrounded by blue, but colloquially they’ve become known as blue checks and I’m not about to squabble over semantics at this stage of the game.) Getting that check gave me credibility.

☆ Turner's late goal earns Man United WSL win over Villa
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +1 min

United stay top on 47 points after 19 games of the 22-game season, six ahead of second-placed Manchester City and seven ahead of Chelsea, but the Blues have three games in hand over the leaders. It was a tough defeat for Villa, for whom striker Rachel Daly opened the scoring in the ninth minute with a brilliantly-timed looping header from a corner, but Leah Galton's first-time finish brought United back level six minutes later. The 31-year-old Daly put her side in front again eight minutes before the break, netting her 17th goal of the season to draw level with WSL top scorer Khadija Shaw of Manchester City. She almost completed her hat-trick on the hour mark but her left-foot shot clipped the crossbar, and instead United drew level as Nikita Parris headed home Hannah Blundell's cross. Reporting by Philip O'Connor Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

☆ Katy Perry loses trademark fight with Australian fashion designer
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +2 min

SYDNEY, April 28 (Reuters) - An Australian court has ruled that pop superstar Katy Perry infringed the trademark of a Sydney-based fashion designer who has sold her products locally under a label with her birth name "Katie Perry". The judge dismissed a bid by the popstar seeking to cancel the Katie Perry trademark. Taylor, whose birth name was Katie Perry, called the verdict a "David and Goliath" win for small businesses. Representatives of Katy Perry could not be immediately reached. The tussle between the popstar and the Australian fashion designer over the homophonous name began in 2008 when Taylor registered the "Katie Perry" brand in Australia.

☆ Fed watchdog objects to Senate bill overhauling leadership selection
▼ + stars: | 2023-04-27 | by ( Michael S. Derby | ) www.reuters.com time to read: +3 min

April 27 (Reuters) - The Federal Reserve's in-house watchdog agency is pushing back against proposed legislation in the U.S. Senate that would overhaul how the government department is led. Scott and Democratic Senator Elizabeth Warren have co-sponsored the bill to change how the Fed IG is selected and vetted. The letter also noted that making the Fed IG subject to presidential appointment would cut pay for the job, meaning the person in that position would earn less than the department's current staff. This upside pay arrangement has been faced by other government IGs and it "deters experienced, high-quality candidates from seeking the position." The Fed's IG has garnered the most attention in recent years for its investigations into central bank officials' personal trading activities.

☆ Carol Burnett's birthday special' is an elegant (and hilarious) event
▼ + stars: | 2023-04-26 | by ( Marianne Garvey | ) edition.cnn.com time to read: +9 min

Hulton Archive/Getty Images Burnett peeks at a portrait of herself that was being painted by artist Dmitri Vails in 1963. CBS/Getty Images Burnett interacts with the audience of her new variety show, "The Carol Burnett Show," in 1967. CBS/Getty Images Burnett, left, and Cher perform a skit on "The Sonny & Cher Comedy Hour" in 1972. CBS/Getty Images Burnett poses with her memoir "One More Time" at a book signing in Beverly Hills, California, in 1986. Will Hart/NBC/Getty Images Carol Burnett Square was unveiled in Los Angeles in front of her alma mater, Hollywood High School, in 2013.

☆ Spare the bear: Sculpture of Spain's rifle-wielding ex-king puzzles onlookers
▼ + stars: | 2023-04-26 | by ( ) www.reuters.com time to read: +2 min

Once revered for his role in Spain's transition to democracy, he is now seen as a liability for his son, King Felipe. After eight minutes standing next to the bronze bear figure, Miranda removed his unauthorised statue - 170 cm (67 inches) tall and made of polyurethane and modelling clay covered with metallic paint resembling patina on bronze. The Bear and Strawberry Tree - the official symbols of Madrid - are photographed by thousands of tourists daily in the middle of the Puerta del Sol square. Miranda will have an exhibition in Madrid next month which will include images of the performance in Puerta del Sol. Reporting by Emma Pinedo, editing by Andrei Khalip and Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.

☆ Harry Belafonte, who mixed music, acting, and activism, dies at 96
▼ + stars: | 2023-04-25 | by ( Bill Trott | ) www.reuters.com time to read: +7 min

Belafonte was born in New York City's borough of Manhattan but spent his early childhood in his family's native Jamaica. A few weeks before the launch, Belafonte told Rolling Stone magazine that singing was a way for him to express injustices in the world. "We were instructed to never capitulate, to never yield, to always resist oppression," Belafonte told Yes! "The Navy came as a place of relief for me," Belafonte told Yes! Belafonte was the first Black performer to win a major Emmy in 1960 with his appearance on a television variety special.

☆ Where Goldman Sachs CEO David Solomon takes the corporate jet
▼ + stars: | 2023-04-24 | by ( Dakin Campbell | ) www.businessinsider.com time to read: +15 min

"The Board fully supports the use of the Goldman Sachs planes for travel, just as it supported the use of private aircraft by previous Goldman Sachs executives," said Tony Fratto, a company spokesman. "Executives at Goldman Sachs have been flying on private aircrafts for decades as it is proven to be the most secure, effective, and cost-efficient solution to meet the extensive travel obligations for CEOs of firms like Goldman Sachs — which is why all of our peer institutions also extensively use private aircraft." John Waldron, president of Goldman Sachs Reuters/Brendan McDermidOccasionally, Solomon and Waldron switch planes, particularly when Waldron flies overseas. Goldman Sachs has a sponsorship deal with pro golfer Patrick Cantlay. "These estimates wildly overstate the cost of such flights to Goldman Sachs and are not an accurate representation," he said.

☆ Investors are betting on this high-quality ETF and beating the market
▼ + stars: | 2023-04-24 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

The iShares MSCI USA Quality Factor ETF (QUAL) has emerged as the most popular ETF in the U.S. this year. The iShares ETF screens for return on equity, earnings consistency and companies with low debt-to-equity ratios. The QUAL ETF has an expense ratio of 0.15% and a three-star rating from Morningstar. Other notable quality ETFs include the JPMorgan U.S. Quality Factor ETF (JQUA) and Invesco S & P 500 Quality ETF (SPHQ) . By that measure, quality stocks outperformed in every major market in the first quarter except the U.K., which has less of a tech sector.

☆ Science Proves the 4-Day Workweek Prevents Burnout, Helps Productivity
▼ + stars: | 2023-04-24 | by ( Shubham Agarwal | ) www.businessinsider.com time to read: +13 min

At the time, back in 2018, a New Zealand firm had just wrapped up a landmark trial to test the efficacy of a four-day workweek. A lot of the benefits of the four-day workweek come down to a simple, everyday activity: sleep. A lot of the benefits of the four-day workweek come down to a simple, everyday activity: sleep. Less time, more productiveThough the four-day workweek may seem like a recent phenomenon, it's been decades in the making. But for now, the four-day workweek certainly has the potential to be a far-reaching antidote to pressing workplace concerns such as mass resignations and the burnout crisis.

☆ Liverpool edge struggling Forest 3-2 in Anfield thriller
▼ + stars: | 2023-04-22 | by ( ) www.reuters.com time to read: +3 min

LIVERPOOL, England, April 22 (Reuters) - Diogo Jota and Mohamed Salah were on target as Liverpool edged Premier League strugglers Nottingham Forest 3-2 in a riveting clash at Anfield on Saturday to climb to seventh in the table. Jota restored Liverpool's lead with a sharp finish on the turn in the 55th minute but Liverpool were pegged back again when Virgil Van Dijk's clearing header fell to an unmarked Gibbs-White. Both Forest goals came from long throw-ins and Liverpool manager Juergen Klopp was pleased with the result but frustrated by his side's shaky defensive performance against a team who have the second-worst attacking record in the league. Liverpool sealed the win three minutes after Forest's second when Trent Alexander-Arnold picked out Salah with a low free kick and the Egyptian striker held off Remo Freuler before side-footing past Keylor Navas. Steve Cooper set up Forest with a flat back five, looking to contain Liverpool, and the strategy worked in the first half, though the visitors rode their luck at times.

☆ Israelis protest planned judicial overhaul ahead of 75th independence day
▼ + stars: | 2023-04-22 | by ( ) www.reuters.com time to read: +2 min

TEL AVIV, April 22 (Reuters) - Tens of thousands of Israelis joined protests on Saturday against Prime Minister Benjamin Netanyahu's plans to tighten controls on the Supreme Court, ahead of Israel's independence day marking 75 years since establishment of the Jewish state. The plans were paused last month in the face of a wave of strikes and mass demonstrations. The latest protests against them come as Israelis are set to mark both Israeli independence day and Israeli memorial day, which commemorates those killed in Israel's wars and in terror attacks. Additionally, 60% of Israelis said the government does not represent them and 48% believe the situation in the country will continue to get worse. They were waving the blue and white Israeli flags that have become a hallmark of the protests over the past three months.

☆ U.S. trains keep derailing. Why?
▼ + stars: | 2023-04-20 | by ( Carlos Waters | In Carloswaters | ) www.cnbc.com time to read: +2 min

Washington lawmakers are scrutinizing the freight rail industry as a string of derailments unfold in 2023. "Trains got heavier and longer," said Mark Burrows, a former locomotive engineer. The National Transportation Safety Board, which released preliminary findings in February, is conducting a full investigation of the crash. "This was 100% preventable," said Jennifer Homendy, chair of the NTSB, at a February press conference focused on the preliminary report. Watch the video above to learn more about the freight rail industry and what might be leading to the current rash of train derailments in the U.S.

April 19 (Reuters) - President Joe Biden had the power to require employees of federal contractors to receive COVID-19 vaccinations, a U.S. appeals court ruled on Wednesday, throwing out a judge's ruling that had blocked the mandate in Arizona. The court reversed a federal judge in Phoenix who blocked the mandate in Arizona last year. The office of Arizona Attorney General Kristin Mayes, a Democrat who took office in January, did not immediately respond to a request for comment. The U.S. Supreme Court last year blocked Biden's separate mandate that businesses with 100 or more employees require workers to receive COVID-19 vaccines or undergo regular testing. Last month, a New Orleans-based federal appeals court ruled that federal agencies could not enforce a requirement that government employees receive vaccines.

LONDON, April 19 (Reuters) - If a mega Western recession is coming down the pike in the second half of this year, someone should point it out to the junk bond market. The investment herd seems more convinced than ever that recession is on the way amid tightening bank credit after the March bank stress - even if not all the incoming evidence supports that take. More than a third now see the biggest risk ahead as a bank credit crunch and global recession. And that's with junk spreads more than three times higher than quality corporates. U.S. and European junk bond spreads historicallyBank of America survey on investment grade bonds vs junkCOURAGE AND DECOMPRESSIONThere's little doubt than many investors want to steer well clear, for now at least.

☆ Our family is living on a four-bedroom boat while cruising the eastern seaboard for a year. It's not like the 'fabulous lifestyles of the rich and famous' that might come to mind.
▼ + stars: | 2023-04-16 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +8 min

Cinda: We're doing what's called the Great American Loop, which is a way to circumnavigate around the eastern seaboard of the US and Canada. A 6,000-mile journey around the eastern seaboardCinda: We started in Stuart, Florida, which is just north of the Palm Beach area. When you think of living on a boat, most people think fabulous lifestyles of the rich and famous. Mark: Some people go all in and sell everything and buy the boat, and the boat is their home residence. We bought our boat specifically to do the loop and we'll sell it when we're done with the loop.

☆ A top investor in Charles Schwab sold its entire $1.4 billion stake as the brokerage fell victim to the banking turmoil
▼ + stars: | 2023-04-14 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

A top investor in Charles Schwab sold its entire stake amid turmoil in the banking sector in March. GQG told the Financial Times it had ditched its $1.4 billion stake in the lender. A top investor in Charles Schwab dumped its entire $1.4 billion stake as the brokerage fell victim to turmoil in the banking sector, according to the Financial Times. "With all the inflows to money-market funds Charles Schwab is losing deposits revenue," said Barker. Like SVB, Charles Schwab pumped billions of dollars into US Treasury securities at a time when interest rates were near-zero levels.

☆ US government’s proposal to boost EV sales is challenging but not impossible
▼ + stars: | 2023-04-12 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

By 2032, electric vehicles would need to make up about two-thirds of all the new cars sold in America. And even as EV market share rises to two-thirds, it’s not like EVs will flood America’s roads overnight, he said. Reaching two-thirds EV market share mark by 2032 isn’t a sure thing, said Cantor, but it should be manageable. The increasing number of automakers entering the EV market will also help, said Ivan Drury, an industry analyst with Edmunds.com. General Motors also has a number of EV models coming in the next year or two.

☆ Gold's price action is sustainable for the time being: Barrick CEO
▼ + stars: | 2023-04-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGold's price action is sustainable for the time being: Barrick CEOMark Bristow, Barrick CEO, joins 'Squawk on the Street' to discuss the recent price action in Gold, how the changing view on Fed policy plays into the price of Gold and more.

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