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☆ The $24,000 Hyundai Santa Cruz is a truck that feels like an SUV. It's also the perfect adventure vehicle.
▼ + stars: | 2023-06-21 | by ( Tim Levin | ) www.businessinsider.com time to read: +7 min

The 2022 Hyundai Santa Cruz. The 2022 Hyundai Santa Cruz. The 2022 Hyundai Santa Cruz. The 2022 Hyundai Santa Cruz. The 2022 Hyundai Santa Cruz.

Persons: Santa Cruz, Tim Levin, Ford, that's, Ford's, I'd, It's, Apple, it's, I'm Organizations: Santa Cruz, Hyundai, Sporting, Toyota, Ford, Santa Cruz's, Subaru Locations: Santa, Santa Cruz, clothe, Toyota Tacoma

☆ Dozens of Migrants Bound for Canary Islands Feared Dead as Boat Sinks
▼ + stars: | 2023-06-21 | by ( Constant Méheut | ) www.nytimes.com time to read: 1 min

Thirty-six migrants were feared dead after an inflatable boat en route to the Canary Islands, a Spanish archipelago off northwestern Africa, sank on Wednesday, according to an aid group. At least one body, belonging to a child, has been recovered, according to the aid group, Caminando Fronteras, a nongovernmental organization that tracks the deaths of migrants. The group said that 24 people had been rescued, but that dozens remained missing of the 61 people who had been on the vessel. According to a Twitter post from Helena Maleno Garzón, who founded Caminando Fronteras, “The inflatable had been begging for rescue in Spanish waters for more than twelve hours.”Maritime Rescue, Spain’s sea search-and-rescue agency, did not immediately respond to several requests for comment.

Persons: Caminando, Helena Maleno Garzón Locations: Canary, Spanish, Africa

☆ S&P 500 ends lower, pausing rally with Powell testimony in view
▼ + stars: | 2023-06-20 | by ( Stephen Culp | ) www.reuters.com time to read: +3 min

Federal Reserve Chairman Jerome Powell's congressional testimony Wednesday looms as a potential market mover. All three major U.S. equity indexes ended the session in the red but off session lows, with oil super-majors Exxon Mobil Corp weighing on the S&P 500 and the Dow. The broad sell-off comes on the heels of the Nasdaq's longest weekly winning streak since March 2019, and the S&P 500's longest since November 2021. As of Friday's close, the benchmark S&P 500 had advanced 20% in the last twelve months, and over 14% so far this year. According to preliminary data, the S&P 500 (.SPX) lost 20.79 points, or 0.47%, to end at 4,388.80 points, while the Nasdaq Composite (.IXIC) lost 22.28 points, or 0.16%, to 13,667.29.

Persons: Jerome, Robert Pavlik, Pavlik, We've, Morgan Stanley, Daniel Zhang, Eli Lilly, Stephen Culp, Shristi Achar, Shubham Batra, Johann M, Aurora Ellis Organizations: Federal, Exxon Mobil Corp, Dow, Dakota Wealth, U.S . House Financial, Nasdaq, Dow Jones, Rivian Automotive Inc, Tesla Inc, Rivian, PayPal Holdings, KKR & Co, Nike, Alibaba, Adobe Inc, Dice Therapeutics, Fedex Corp, Thomson Locations: Fairfield , Connecticut, China, Europe, Bengaluru

☆ Factbox: Who are the forces involved in Ukraine's counteroffensive?
▼ + stars: | 2023-06-19 | by ( Tom Balmforth | ) www.reuters.com time to read: +3 min

Here's what we know about the new Ukrainian units. TWELVE BRIGADESNATO allies and partners helped Ukraine equip and train nine new armoured brigades for the counteroffensive, the military alliance's Secretary General Jens Stoltenberg confirmed in April. By April, Ukrainian units had received more than 1,550 armoured vehicles, 230 tanks, other equipment and vast amounts of ammunition, Stoltenberg said. In mid-May, one Russian military blog noted a buildup of Ukrainian forces and equipment in southeastern Zaporizhzhia region and the neighbouring Dnipropetrovsk region, estimating Kyiv's troop numbers at 50,000-55,000. ARE ANY OF THESE UNITS FIGHTING YET?

Persons: Jens Stoltenberg, Stoltenberg, Ihor Klymenko, Kara Dag, Chervona, Valerii Markus, Jaeger, Tom Balmforth, Hugh Lawson Organizations: NATO, Steel, Hurricane, Reuters, Bradley, 35th Marine Brigade, Thomson Locations: Ukraine, U.S, Zaporizhzhia, Dnipropetrovsk, Azov, Crimea, Russia, Ukrainian

☆ A Texas real-estate investor created a tiny home village where sites rent for $700. Its residents get a slice of the American dream, and have formed a tight-knit community. See inside.
▼ + stars: | 2023-06-19 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +6 min

The village has 13 lots that cost renters, who bring their own tiny homes, around $700 each month. He encountered an array of tiny homes, non-mortgaged houses or cabins that are typically under 600 square feet. The waitlist for a spot in Lake Dallas Tiny Home Village is nearly a dozen long. While each resident's home is uniquely built, several were constructed by either Indigo River Tiny Homes or Decathlon Tiny Homes. The community garden at Lake Dallas Tiny Home Village.

Persons: Terry Lantrip, —, Terry Lantrip's, Lantrip, Alcynna Lloyd, Alcynna Lloyd Tiny, Alcynna Lloyd Lantrip, There's Organizations: Service, Urban, Dallas, Lake Dallas Tiny Home, The, Fort, North Texas Tiny House, Residents, National Organization of Alternative, Dallas Tiny Home Locations: Texas, Lake Dallas, Lewisville Lake, Lantrip, Dallas, The Dallas, Fort Worth, North, Lake, Chicago, Bridgeton , New Jersey, Albuquerque , New Mexico

A short position is essentially a wager an asset's price will fall, and a long position a bet it will rise. Funds expanded their already record net short two-year Treasuries futures position to more than 1 million contracts for the first time. The scale of the move lately is remarkable - the net short position has more than doubled in just two months. Notably, funds' net short two-year Treasuries position now exceeds their net short 10-year Treasuries position by some 354,000 contracts. Reuters ImageIf this is indeed hedge funds betting on an inverted 2s/10s yield curve, they are sitting pretty.

Persons: that's, Jamie McGeever, Tom Hogue Organizations: U.S, Futures Trading Commission, Reuters, Barclays, Thomson Locations: ORLANDO, Florida, U.S . Federal, U.S, York

☆ Greece boat disaster: 12 Pakistanis among survivors
▼ + stars: | 2023-06-17 | by ( ) www.reuters.com time to read: +1 min

KARACHI, Pakistan, June 17 (Reuters) - Twelve Pakistanis were among survivors from a boat packed with migrants that capsized off the coast of Greece this week, the Ministry of Foreign Affairs said on Saturday. Ministry spokesperson Mumtaz Zahra Baloch said the government was unable so far to verify the number of Pakistanis who died, or their identities. People seeking missing relatives were urged to share with the ministry identity documents and DNA reports from authenticated laboratories, she said. Greek authorities have said 104 survivors and 78 bodies of the dead were brought ashore in the immediate aftermath. Most of the people on board were from Egypt, Syria and Pakistan, Greek government officials have said.

Persons: Mumtaz Zahra Baloch, Ariba Shahid, Frances Kerry Organizations: Ministry of Foreign Affairs, Thomson Locations: KARACHI, Pakistan, Greece, Pylos, Egypt, Syria, Karachi

☆ These stocks have 'sizeable upside' and are poised for a second-half breakout, analysts say
▼ + stars: | 2023-06-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

"Therefore, we think COMP represents one of the best margin upside stories in our coverage," he said. "Our conclusion is there is solid upside left both fundamentally in terms of upside vs consensus and subsequent stock upside for a few reasons," he said. "Reiterate OW- Still sizeable topline (and stock) upside left at elf," he said. elf Beauty- Morgan Stanley, overweight rating "Timeless Beauty; Reiterate OW- Still Sizeable Topline (and Stock) Upside Left at ELF. ... Our conclusion is there is solid upside left both fundamentally in terms of upside vs consensus and subsequent stock upside for a few reasons.

Persons: Compass Oppenheimer, Jason Helfstein, Helfstein, Morgan Stanley, Dara Mohsenian, Mohsenian, Mariana Perez Mora, PLTR, Perez Mora, Palantir, Baird Organizations: CNBC, Compass, TAM, Bank of America, AIP, Oppenheimer, PowerSchool Locations: FQ3

☆ Greece boat disaster: A Pakistani father's anguish over his missing son
▼ + stars: | 2023-06-17 | by ( ) www.reuters.com time to read: +3 min

Now, the father fears his son was among those lost in a disastrous boat capsize off Greece on Wednesday in which hundreds of people are thought to have died, among them Pakistanis. Mehmood, 60, said a local travel agent had charged 2.2 million Pakistani rupees ($7,653) for his son's trip, with the promise he would earn well in Europe. He said he last heard from his son when Sultan got on a boat, which he believes was the doomed vessel. "He sent a (text) message saying that he was sitting in a boat with around 400- 500 people. Most of the people on board the capsized boat were from Egypt, Syria and Pakistan, Greek government officials have said.

Persons: Shahid Mehmood, Sultan, Mehmood, Adnan Iftikhar, Shahbaz Sharif, Ariba Shahid, Frances Kerry Organizations: country's Ministry of Foreign Affairs, Thomson Locations: KARACHI, Pakistan, Pakistani, Europe, Greece, Faisalabad, Dubai, Egypt, Libya, Tripoli, Pylos, Syria, Karachi

☆ A dozen French police wounded in clashes with protesters opposing rail link in Alps
▼ + stars: | 2023-06-17 | by ( ) www.reuters.com time to read: +1 min

[1/5] Activists take part in a protest against the Lyon-Turin rail link between France and Italy, in Les Chavannes-en-Maurienne, France, June 17, 2023. REUTERS/Denis BalibousePARIS, June 17 (Reuters) - Twelve police were wounded on Saturday in clashes with demonstrators in France's Savoie department where a protest against a high speed rail project in the Alps turned violent, authorities said. Some 2,000 protesters, including a roughly 300-strong dark-clad hardcore, were in the Maurienne Valley objecting to construction of a rail link including a tunnel between Lyon and the Italian city of Turin. Association Les Soulevements de la Terre contested that figure in a Twitter post late on Saturday and said 50 demonstrators were wounded, including six who were hospitalised. "The day is not over, we remain prudent and mobilised," said Ravier, noting a security presence would go through the night.

Persons: Denis Balibouse PARIS, Francois Ravier, Les, Gerald Darmanin, Mimosa Spencer, Andrew Cawthorne, Daniel Wallis Organizations: Lyon, REUTERS, Thomson Locations: Turin, France, Italy, Les Chavannes, France's Savoie, Lyon, Italian

☆ American Deaf climbing couple makes history on Mount Everest
▼ + stars: | 2023-06-16 | by ( Lilit Marcus | ) edition.cnn.com time to read: +7 min

On May 22, Unger and Lehmann became only the third and fourth deaf people to summit Mount Everest. Deaf climbers on the riseUntil this year, only one deaf person had ever summited Everest – Japanese climber Satoshi Tamura, an alpine skier who succeeded on his third attempt, in 2016. Courtesy Shayna Unger and Scott LehmannClimbing up and overThe Everest environment can make communication difficult for anyone, deaf or not. Unger and Lehmann have been a couple since high school, but they only started climbing together in 2015, when they summited Kilimanjaro. Muhammad Hawari Hashim (far left), a Sherpa guide, Shayna Unger, and Scott Lehmann at Everest base camp.

Persons: Scott Lehmann, Shayna Unger, Unger, Lehmann, Muhammad Hawari Hashim –, –, Satoshi Tamura, Hari Budha, Nepalis, he’d, Sherpa, ”, “, Hashim, Muhammad Hawari Hashim, Hawari, they’ve Organizations: YouTube, Malaysian, Federation of, CNN, Sherpas, Gallaudet, Everest Base, Four, Deaf Locations: Everest, Nepal, Afghanistan, Malaysian, South, North America

☆ USA and Mexico soccer match ends early amid homophobic chants
▼ + stars: | 2023-06-16 | by ( Jill Martin | ) edition.cnn.com time to read: +2 min

But this Concacaf Nations League semifinal – marred by dirty tackles, pushing and shoving and even a torn jersey – ended in ugly fashion. Twelve minutes of stoppage time was added, but the referee opted to end the game around four minutes early amid the discriminatory chants from the crowd. “Chants heard during the game led to the activation of the anti-discrimination protocol by the match officials. Sergiño Dest shoves and Gerardo Arteaga were both shown red cards for this altercation. Lucas Peltier/USA TODAY Sports/ReutersFifteen minutes later, Mexico defender Gerardo Arteaga and USMNT star Sergiño Dest were both shown straight red cards for pushing each other during another altercation between the two teams.

Persons: –, Weston McKennie, Louis Grasse, Christian Pulisic, Ricardo Pepi, César Montes, Weston McKennie –, Dest, Gerardo Arteaga, Lucas Peltier, Sergiño Dest Organizations: CNN, US Men’s National Team, Mexico, Allegiant, Concacaf Nations League, North, Caribbean Association Football, Concacaf, FIFA, Mexican Football Federation Locations: Las Vegas, Central America, Mexico, Canada

☆ At least 15 dead in Canada highway collision
▼ + stars: | 2023-06-15 | by ( Sara Smart | ) edition.cnn.com time to read: +2 min

The bus was headed south on Highway 5 toward a casino near the town of Carberry, while the semitrailer was headed east on Highway 1, Royal Canadian Mounted Police officer Rob Lasson said in a news conference. First responders are pictured following the deadly road accident near Carberry, Canada, on Thursday. The injured being treated included the drivers of the semitrailer and the bus, Lasson said. Twelve ambulances responded to the collision scene, as well as an air ambulance, said Jennifer Cumpsty, executive director of Acute Health Services. “The news from Carberry, Manitoba is incredibly tragic.

Persons: Rob Lasson, ” Lasson, Nirmesh Vadera, Lasson, Jennifer Cumpsty, ”, Rob Hill, Justin Trudeau, ” Trudeau, William Doherty, Ross Organizations: CNN, Royal Canadian Mounted Police, Getty, Acute Health Services, Manitoba, Twitter Locations: Canada’s Manitoba, Carberry, Winnipeg, Canada, AFP, Dauphin, Carberry , Manitoba

☆ Matt Fitzpatrick Is Feeling Confused, and He’s Not the Only One
▼ + stars: | 2023-06-12 | by ( Bill Pennington | ) www.nytimes.com time to read: +1 min

Golfers had chosen sides in a sport known for individualism, fueling an unfamiliar team-against-team tension. Twelve months later, and days after the seismic news of the American and European tours forming a partnership with LIV Golf, the disruption at the 2022 U.S. Open now seems like an almost inconsequential diversion. Just ask Matt Fitzpatrick, who won that tournament in Brookline, Mass., for his first victory at a major tournament win and also on the PGA Tour. “I seem to remember last year just thinking about the tournament, just the U.S. Open,” Fitzpatrick said on Monday. “It was easier for me to mentally focus on that and be in a better place than obviously all this confusion that’s going on this week.

Persons: LIV, LIV Golf, Matt Fitzpatrick, “, ” Fitzpatrick Organizations: U.S ., PGA Locations: Brookline , Mass

CNN —Rescuers are searching for three British tourists who are missing after a fire erupted Sunday on the boat they were traveling on in the Egyptian Red Sea, according to state news outlet Al-Ahram. The tourist boat was carrying 27 people, including 15 English tourists, off the coast of the city of Marsa Alam, according to Al-Ahram. Twelve of the British tourists were rescued and the search for the remaining three is underway, according to Al-Ahram. The state outlet didn’t mention how the fire started. The incident comes just days after beaches were closed in the Red Sea resort of Hurghada, after a Russian man was killed in a shark attack.

Organizations: CNN, UK’s Foreign Locations: Ahram, Marsa Alam, Al, Red, Hurghada, Russian

☆ Controlled burn and downed power line sparked Colorado's costliest wildfire
▼ + stars: | 2023-06-09 | by ( Keith Coffman | ) www.reuters.com time to read: +3 min

[1/5] A statue stands amidst the remains of homes destroyed by the Marshall Fire in Louisville, Colorado, U.S. December 31, 2021. REUTERS/Alyson McClaran/File PhotoDENVER, June 8 (Reuters) - Colorado's costliest wildfire on record started from fierce winds that damaged power lines and unearthed smoldering embers from a controlled burn days earlier, sparking two blazes that merged into a deadly conflagration, authorities said on Thursday. The sheriff's report was released as a group of two dozen homeowners and community members filed a lawsuit against Xcel Energy, the utility whose wind-damaged power lines the sheriff's office cited as having contributed to the deadly fire. Both the sheriff's office and local prosecutors determined there was insufficient evidence of criminal conduct in connection with the blaze and determined that charges would be filed, the sheriff's statement said. Reporting by Keith Coffman in Denver; Editing by Steve Gorman and Michael PerryOur Standards: The Thomson Reuters Trust Principles.

Persons: Alyson McClaran, Investigators, Marshall, Biden, Keith Coffman, Steve Gorman, Michael Perry Organizations: Marshall Fire, REUTERS, DENVER, Sheriff's, Xcel Energy, Energy, Thomson Locations: Louisville , Colorado, U.S, Boulder, Boulder County, Denver, Colorado

☆ Serena and Venus Williams invest in golf with franchise ownership in Tiger Woods' new competition
▼ + stars: | 2023-06-09 | by ( Jack Bantock | ) edition.cnn.com time to read: +3 min

Now, Serena and Venus Williams are turning their talents to golf. A head-spinning week of revelations in the golf world continued Thursday as the Williams sisters’ Los Angeles Golf Club (LAGC) were announced as the first franchise of the TGL – Tiger Woods and Rory McIlroy’s tech-infused stadium golf competition set to launch in January 2024. LAGC is the first of six franchises set to compete in the TGL, a competition formed in partnership with the PGA Tour. TGL/TwitterOn Twitter, Ohanian announced that his and Williams’ daughter, Alexis Olympia Ohanian Jr., would be a co-owner in LAGC. Twelve PGA Tour players have been confirmed to feature, including Woods, McIlroy, Jon Rahm, Justin Thomas, and Collin Morikawa.

Persons: Serena, Venus Williams, Williams, Woods, Rory McIlroy’s, Alexis Ohanian, Mike McCarley, Ohanian, Alexis Olympia Ohanian Jr, “, Amy E, Price, ”, LIV Golf, McIlroy, Mike Ehrmann, Jon Rahm, Justin Thomas, Collin Morikawa Organizations: CNN, Angeles Golf, Ohanian, National Women’s Soccer League, Angel City FC, LAGC, PGA Tour, Twitter, Olympia, TMRW Sports Locations: Ohanian, Angeles, LAGC, Saudi, Palm Beach , Florida

☆ Sudan factions agree day's truce designed to 'break cycle of violence'
▼ + stars: | 2023-06-09 | by ( ) www.reuters.com time to read: +4 min

The conflict has displaced more than 1.9 million people, some 400,000 of whom have crossed into neighbouring countries. "There are heavy strikes near us and bullets from every direction in Al-Thawra neighbourhood in Omdurman," said Sanaa Ahmed, a 24-year-old resident. The army confirmed in a statement that it had agreed to the 24-hour ceasefire while asserting "its right to respond to any violations". The conflict in Sudan derailed the launch of a transition towards civilian rule four years after a popular uprising ousted strongman President Omar al-Bashir. Sudan's army and the RSF fell out over the chain of command and military restructuring plans under the transition.

Persons: Sanaa Ahmed, Omar al, Bashir, Sudan's, Khalid Abdelaziz Ahmed Elimam, Jana Choukeir, Adam Makary, Aidan Lewis, Jon Boyle, Nick Zieminski, Andrew Heavens Organizations: Artillery, Rapid Support Forces, Medical, MSF, U.S, U.S . State Department's Bureau, African Affairs, Twitter, Thomson Locations: Food, El Obeid, DUBAI, Saudi, Sudan's, Khartoum, Darfur, Omdurman, Bahri, Al, Thawra, El, North Kordofan State, Saudi Arabia, U.S, Jeddah ., Jeddah, Sudan, U.S ., Dubai, Cairo

☆ Morgan Stanley says this materials stock can rally nearly 20% as earnings outlook improves
▼ + stars: | 2023-06-09 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Corning could be due for a bounce as the potential for earnings upside enters the realm of possibility, according to Morgan Stanley. Analyst Meta Marshall upgraded the glass materials maker to overweight from equal weight and raised her price target by $3 to $38. But after three straight negative revisions, Marshall said consensus estimates for Corning's earnings are now considered within the realm of being achieved. And Corning's valuation also creates an attractive entry point, as Marshall said she expects the rally to the price target once estimates get revised up in the fourth quarter. For the rest of 2023, Meta said the most optionality comes from improvements in the fiber business's order trends.

Persons: Corning, Morgan Stanley, Meta Marshall, Marshall, Meta, it's, — CNBC's Michael Bloom Locations: Japan

The Bank of Japan is the only major central bank that now has negative rates following aggressive tightening globally to combat inflation. It has hinted that it will alter yield curve control -- where it guides short-term rates at -0.1% and 10-year Japan government bond yield around zero -- at some point. Japanese investors hold around $1.84 trillion in foreign assets, according to Deutsche Bank. "Recent inflows into Japanese markets are mainly driven by the foreign investors," Murao said. "We do not really have a global champion such as Google, Amazon, or Meta in the Japanese markets," Murao added.

Persons: Florence Lo, Yuichi Murao, Murao, I've, Amanda Cooper, Dhara, Christina Fincher Organizations: REUTERS, Nomura Asset Management, Reuters, The Bank of Japan, Nomura, Management, Equity, Treasury, Nikkei, Deutsche Bank, Apple, Visa, Toyota, Sony, PlayStation, Thomson Locations: Japan, Tokyo

☆ This Kind of Walk Is Much More Than a Workout.
▼ + stars: | 2023-06-02 | by ( Jancee Dunn | ) www.nytimes.com time to read: +2 min

People who took awe walks, one study found, felt more upbeat and hopeful than walkers who did not. These walks also have restorative benefits, said Dr. Keltner, who has seen the positive effects firsthand. So they began to take nightly awe walks to a giant cedar tree in their neighborhood. “Twelve years later, I still walk to touch that tree.”Ready to try it? Then take a few deep breaths “to shift out of our hyper task-focused mind,” Dr. Keltner said.

Persons: Keltner, ”, ’, you’ve, Dr

☆ Was mass hysteria behind the mysterious case of 227 middle school students fainting last fall?
▼ + stars: | 2023-06-02 | by ( Lillian Perlmutter | ) www.businessinsider.com time to read: +22 min

On September 23, 2022, 12-year-old Esmeralda walked out of the girls' bathroom at her middle school in Tapachula, Mexico, and fainted. Mexican President Andrés Manuel Lopez Obrador began including regular updates on the government's investigation into the fainting episodes in his daily press conferences. Dr. Carlos Alberto Pantoja Meléndez, one of Mexico's few field epidemiologists, had taken an interest in the fainting episodes. News of the initial fainting episodes had been shared there, the epidemiologist, who asked to remain anonymous, told Pantoja-Melendez. Both believe that the fainting episodes in Mexico were examples of something new and alarming: mass hysteria spreading online.

Persons: Esmeralda, Diala, Gladys, Esmeralda's, convulsing, Esmeralda Eva Alicia Lépiz, —, Esmerelda, Mami, Andrés Manuel Lopez Obrador, Gladys didn't, Bochil, Luis Villagrán, bristled, Susanna, Tapachula, Diala's, José Eduardo Morales Montes, they'd, Eva Alicia Lépiz, Hidalgo —, I've, Carlos Alberto Pantoja Meléndez, Pantoja Meléndez, Meléndez, Robert Bartholomew, Bartholomew, Lopez Obrador, busily, Simon Wessley, schoolgirls, twitching, we'll, Pantoja, Melendez, Bartholomew said, we're, We've, who's Organizations: Federal, Central America, Journalists, Mexico City —, Mexico City, Universidad Autónoma Nacional, University of Auckland, Roswell, Kings College, New York, Health Department, Pantoja Locations: Tapachula, Mexico, Bochil, Mexican, Chiapas, Mexico City, El Pais, Chiapas —, Central, Esmeralda, Mexico City — Tlaxcala, Hidalgo, México, University of Auckland , New Zealand, Veracruz, London, Southern Mexico, Kanshasa, Tanzania, Blackburn , England, Sweden, Pyuthan, Nepal, Leroy , New York, Tapachula .

☆ Securonomics is fuzzy new lodestar for investors
▼ + stars: | 2023-06-02 | by ( Felix Martin | ) www.reuters.com time to read: +7 min

During the era of free trade and financial liberalisation, the politicians danced to the economists’ tune. President Joe Biden’s National Security Advisor explained that the era of unqualified support for free markets is over. The state will explicitly subsidise “specific sectors that are foundational to economic growth (or) strategic from a national security perspective,” Sullivan explained. Internationally, meanwhile, free trade is no longer the pole star. Sullivan’s 5,000-word speech devoted just three sentences to the World Trade Organization.

Persons: Rachel Reeves, Jake Sullivan, Joe Biden’s, ” Sullivan, Jacob Soll, Jean, Baptiste Colbert, Alexander Hamilton, Adam Smith, securonomics, Colbert, Hamilton, Christine Lagarde, Lagarde, ”, Soll, Peter Thal Larsen, Pranav Kiran Organizations: Reuters, Labour, Bank of England, White, U.S . Treasury, U.S . Trade Representative, Joe Biden’s National, Biden, offshoring, World Trade Organization, Industries, BAE Systems, Dow, Aerospace, Defense, U.S, Treasury, University of Southern, European Central Bank, Soviet, Russia, Thomson Locations: Washington, Tellingly, States, French, Scottish, University of Southern California, China, United States, Europe, Saudi Arabia

☆ A California woman is accused of shipping over 9 million parcels using counterfeit postage, costing the USPS $60 million in lost revenue
▼ + stars: | 2023-06-02 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Lijuan Chen was arrested on May 24 after the USPS investigated an alleged counterfeit postage scheme. Postal inspectors estimate Chen and her employees shipped over nine million parcels in six months. Chen ran a business shipping parcels for e-commerce sites, including a number in China, the documents say. She faces one count of conspiracy to defraud the United States, and one count of use or possession of counterfeit postage, per the documents. According to an inspector's affidavit, the USPS would have lost $60 million in revenue due to the apparent scheme.

Persons: Lijuan Chen, Chen, —, Angela, they'd, Chen's Organizations: USPS, Service, United States Postal Service, Prosecutors Locations: China, California, United States

☆ These are the 7 most hated brands in America—Elon Musk's Twitter is No. 4
▼ + stars: | 2023-06-01 | by ( Ashton Jackson | ) www.cnbc.com time to read: +4 min

Twitter, Meta and TikTok are three of the world's biggest social media giants. Meta and Twitter both scored poorly in the "culture" and "ethics" categories. Here are the seven brands with the worst reputations in America, according to the poll:The Trump Organization FTX Fox Corporation Twitter Meta Spirit Airlines TikTokAmericans named the Trump Organization as the company with the worst public perception in the country. The Trump Organization, TikTok and Spirit Airlines held their spots from last year's rankings. Meta and Twitter became slightly more reputable, by one spot each, and Fox Corporation went from fifth-worst to third-worst.

Persons: They're, Axios Harris, Elon Musk, TikTok, Donald Trump, FTX, Sam Bankman, Fried, Bitcoin, FTX's, Kelly Evans Organizations: Twitter, Meta, Fidelity, Elon, Trump Organization FTX Fox Corporation Twitter, Airlines TikTok, Trump Organization, CNBC, . Fox Corporation, Voting Systems, BP, Company, The Trump Organization, Spirit Airlines, Fox Corporation Locations: U.S, America, BP's Gulf, Mexico, Nos

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