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☆ Cyber Monday sales to touch up to $11.6 bln as shoppers go discount hunting
▼ + stars: | 2022-11-28 | by ( Uday Sampath Kumar | ) www.reuters.com time to read: +2 min

Adobe Analytics, which measures e-commerce by analyzing transactions at websites, has access to data covering purchases at 85% of the top 100 internet retailers in the United States. Cyber Monday sales fell 1.4% last year as retailers spread out promotional deals across weeks from as early as October to better manage inventories amid widespread product shortages. Walmart (WMT.N) and Best Buy websites also showed discounts worth hundreds of dollars on high-end laptops and televisions. Shoppers will find record discounts today for computers, peaking at 27% off listed price, while nearly all other categories, including apparel, toys and furniture, also have double-digit discounts, Adobe said. U.S. shoppers spent a record $9.12 billion online on Black Friday, according to Adobe Analytics.

☆ Hyundai's best years in the U.S. are set to be tested by the Inflation Reduction Act
▼ + stars: | 2022-11-23 | by ( Michael Wayland | ) www.cnbc.com time to read: +7 min

"I think what Hyundai, Kia and Genesis have done is they've really compressed that time frame. Sales of Hyundai and Kia vehicles have risen roughly 61% since 2010 to more than 1.4 million vehicles in the U.S. last year. LMC forecasts Hyundai's sales of all-electric vehicles are expected to represent 9.2% of the U.S. EV market this year. While sales are expected to grow that percentage is seen as the company's peak until at least 2024 or 2025, when the new Georgia plant is set to come online. Munoz said the new Georgia plant is expected to produce 300,000 vehicles annually, with the potential to reach 500,000 in the future.

☆ In Latin America, mothers of LGBTQ children fight against prejudice
▼ + stars: | 2022-11-21 | by ( Associated Press | ) www.nbcnews.com time to read: +6 min

Founded in 2017, the Latin American Movement of Mothers of LGTB+ Children lobbies governments to eliminate prejudical laws and better enforce existing bans on violence and discrimination. Members of the Latin American Movement of Mothers of LGTB+ Children during a march in Buenos Aires, Argentina, on Nov. 5. The Latin American Movement of Mothers of LGTB+ Children held its first in-person meeting in early November in Buenos Aires, where they attended the annual massive gay pride march on Nov. 5. In some countries, mothers who try to help their children deal with discrimination suddenly find themselves the subject of scrutiny. Delfín said that she is one of two mothers in Santa Cruz who are activists fighting for their LGBTQ children.

☆ Sovereign investors favour U.S., India as top 2022 investment markets, study says
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Eduardo Munoz/File PhotoLONDON, Nov 21 (Reuters) - India has emerged as the second most coveted investment market after the United States for sovereign wealth funds and public pensions funds in 2022, according to a study by asset manager Invesco published on Monday. Sovereign investors, which now manage some $33 trillion in assets, have also seen a rapid rise in allocations to private markets, though this development might start to slow with fixed income back in favour, the Invesco Global Sovereign Asset Management Study said. "Over the last 10 years sovereign investors have invested with the wind at their backs thanks to the secular bull market that emerged from the global financial crisis," said Rod Ringrow, Invesco's head of official institutions. Average annual returns for sovereign investors over the past decade stood at 6.5% and, for sovereign wealth funds alone, at 10% in 2021, Invesco found. While the United States remained the top destination, some sovereign investors were keen to rebalance portfolios, fearing they had become overly reliant on U.S. markets which left them vulnerable to the correction in equity markets seen this year, Invesco said.

The move angered foreign governments and foreign-owned carmakers who say the change will disqualify a majority of their EV fleets from North American markets. "But it should not have negative side effects on their European allies and the European economy." South Korean President Yoon Suk-yeol also spoke to Biden about the issue during a bilateral meeting at the G20 summit, according to Yoon’s office. The Treasury is working to define the rules for some $278 billion worth of tax credits on EVs, solar and wind power investments and a range of other technologies. While a number of countries have said the U.S. tax credits likely violate World Trade Organization rules, none have sought to file a formal challenge.

☆ Flutter sees five-fold jump in revenue at U.S. Fanduel unit long term
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +1 min

[1/2] People make their bets at the FANDUEL sportsbook during the Super Bowl LIII in East Rutherford, New Jersey, U.S., February 3, 2019. REUTERS/Eduardo MunozDUBLIN, Nov 16 (Reuters) - Flutter (FLTRF.L) sees revenue at its rapidly growing and market leading U.S. Fanduel business jumping by 4.5 to 5-times over the long term, the world's largest online betting firm said on Wednesday. Flutter, which upgraded its full-year revenue guidance for Fanduel to between $2.95 billion to $3.2 billion last week, told investors that it expects the overall value of the U.S. sports betting and online gaming market to rise to $40.5 billion by 2030 from $9 billion currently. "We do believe that we'll be on that high end of the range - five times," Fanduel Chief Executive Amy Howe said at an investor day, adding that Fanduel was "incredibly confident" of turning a profit for the first time in 2023. Reporting by Padraic Halpin; editing by Diane CraftOur Standards: The Thomson Reuters Trust Principles.

☆ Actor Kevin Spacey faces more sexual assault charges in Britain
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +1 min

LONDON, Nov 16 (Reuters) - Britain's Crown Prosecution Service (CPS) has authorised seven additional charges against Oscar-winning actor Kevin Spacey for a number of sexual assaults against one man between 2001 and 2004, it said on Wednesday. The new CPS charges include one of causing a person to engage in sexual activity without consent and others of indecent and sexual assault. Spacey, 63, was previously accused of five offences in Britain - four counts of sexual assault by touching, and a more serious charge of causing a person to engage in penetrative sexual activity without consent. 71st Tony Awards – Arrivals – New York City, U.S., 11/06/2017 - Actor Kevin Spacey. Spacey's defence lawyer in Britain, Patrick Gibbs, did not immediately respond to an email seeking comment on the latest charges.

☆ Ukraine hails China's opposition to nuclear threats
▼ + stars: | 2022-11-15 | by ( Jonathan Landay | ) www.reuters.com time to read: +6 min

Zelenskiy, who had earlier visited Kherson, the biggest prize his troops have recaptured since the invasion began in February, welcomed Monday's remarks. "It is important that the United States and China jointly highlighted that the threats of using nuclear weapons were unacceptable," Zelenskiy said in a late Monday address. Zelenskiy said Ukraine had gathered evidence of at least 400 war crimes committed by Russian troops during their occupation of the area, including killings and abductions. Mass burial sites have been found in other parts previously occupied by Russian troops, including some with civilian bodies showing signs of torture. Russia says it is waging a "special military operation" in Ukraine to rid it of nationalists and protect Russian-speaking communities.

☆ Tiger Global, Coatue, and other hedge funds tried to upend venture capital. It backfired and now they're 'licking their wounds,' VCs say.
▼ + stars: | 2022-11-11 | by ( Darius Rafieyan | Melia Russell | ) www.businessinsider.com time to read: +10 min

New investments by Tiger Global and Coatue fell 60% and 67%, respectively, this year. "They're licking their wounds," said Nihal Mehta, a founding partner at Eniac Ventures, whose portfolio includes the marketing-tech startup Attentive, a crown jewel of Tiger Global and Coatue's portfolios. Speaking to founders, Mehta hears crossover funds come up less and less in conversation, and partners at some crossover funds tell him they're pulling back from new deals, though crossover funds haven't disappeared altogether. Crossover funds found themselves with billions of dollars in deployed capital and few exits in sight. Last month, Tiger Global and Coatue both revealed they are seeking to raise new funds earmarked for early-stage startup deals.

☆ 'We have to vote for our lives,' say Latino LGBTQ voters and activists
▼ + stars: | 2022-11-09 | by ( Albinson Linares | Noticias Telemundo | ) www.nbcnews.com time to read: +6 min

Rodriguez was one of several Hispanic voters and activists who spoke to Noticias Telemundo about their mobilization as voters or organizers against recent legislation they see as anti-LGBTQ. That is why we are committed to strengthening the LGBTQ vote, which is a bloc that has already demonstrated its electoral power." According to a study by the Williams Institute at UCLA, about 9 million LGBTQ adults were registered to vote in the 2020 election, 22% of them Latino. But for Jorge Gutiérrez, a DACA recipient who came to the U.S. at age 10, discussing the rights of LGBTQ people is fundamental. In his experience, the attacks on minorities and the LGBTQ community have intensified over the years.

☆ I run a multimillion-dollar puzzle company built primarily from word-of-mouth marketing. Here are 3 strategies I use to sustain that growth.
▼ + stars: | 2022-11-09 | by ( Erin Greenawald | ) www.businessinsider.com time to read: +7 min

Kaylin Marcotte runs Jiggy Puzzles, which has sold more than 250,000 units in three years. She says word-of-mouth marketing — partnering with brands and customers — has helped it grow. I've always been a fan of word-of-mouth marketing for my small business. But it also created a powerful word-of-mouth marketing channel. Word-of-mouth marketing isn't necessarily the quickest or easiest win.

REUTERS/Eduardo Munoz/File PhotoCompanies Conde Nast Publications Inc FollowNEW YORK, Nov 8 (Reuters) - Drake and 21 Savage have been sued by Conde Nast, the publisher of Vogue magazine, for using the Vogue name without permission to promote their new album "Her Loss." And none of it has been authorized by Conde Nast," according to the complaint filed on Monday night in Manhattan federal court. It said the result was "unmistakable" confusion among the public, including media that touted Drake and 21 Savage as Vogue's "new cover stars." Conde Nast, also known as Advance Magazine Publishers Inc, is seeking at least $4 million in damages, or triple the defendants' profits from their album and "counterfeit" magazine. Conde Nast said it had tried repeatedly since Oct. 31 to resolve its differences with Drake, a Toronto native, and 21 Savage, from Atlanta.

☆ Some in White House worry abortion message bungled before midterms
▼ + stars: | 2022-11-07 | by ( Nandita Bose | ) www.reuters.com time to read: +4 min

Some White House officials believe they should have linked abortion to economic concerns more, rather than fundamental rights and privacy, three sources with direct knowledge of the matter said. The White House faced a similar situation when trying to expand the child tax credit earlier this year, both sources noted. White House spokesman Kevin Munoz dismissed "any notion of over focus" on reproductive rights and said Biden has addressed multiple issues. The White House has asked the DNC to gather data for an election postmortem to identify what messages worked and what didn't, party sources said. The White House signed executive orders on the issue and met with state legislators, grassroots activists and coalitions to finetune abortion messaging.

☆ Factbox: Australia Inc roiled by raft of cyberattacks this year
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +2 min

[1/3] A woman uses her mobile phone as she walks past in front of an Optus shop in Sydney, Australia, February 8, 2018. The data exposed included home addresses, drivers' licences and passport numbers. AUSTRALIAN CLINICAL LABSAustralian Clinical Labs Ltd (ACL.AX), one of the country's largest pathology providers, said unit Medlab suffered a breach that exposed data of about 223,000 patients. TELSTRAAustralia's largest telecoms operator Telstra (TLS.AX) suffered what it called a small data breach, which exposed data of about 30,000 current and former employees dating back to 2017. Compiled by Jaskiran Singh in Bengaluru; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

☆ Palestinian rights group accuses Israel of 'mafia methods' as U.N. hearings open
▼ + stars: | 2022-11-07 | by ( Emma Farge | ) www.reuters.com time to read: +3 min

The independent Commission of Inquiry, established by the Human Rights Council, the U.N. top human rights body, last year, plans five days of hearings which it says will be impartial and examine the allegations of both Israelis and Palestinians. A U.N. human rights office has previously dismissed allegations of bias and said Israel had not cooperated with the commission's work. Neither the hearings nor the U.N. Human Rights Council have any legal powers. Israel's ally the United States has criticised the U.N. Human Rights Council for what it has described as a "chronic bias" against Israel. The inquiry mandate includes alleged human rights abuses before and after that and seeks to investigate the root causes of the tensions.

☆ Factbox: Australia Inc roiled by raft of cyberattacks since late 2022
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +4 min

[1/3] A woman uses her mobile phone as she walks past in front of an Optus shop in Sydney, Australia, February 8, 2018. AUSTRALIAN CLINICAL LABSAustralian Clinical Labs Ltd (ACL.AX), one of the country's largest pathology providers, said unit Medlab suffered a breach that exposed data of about 223,000 patients. TPG TELECOMAustralia's No.2 internet service provider TPG Telecom (TPG.AX) said it had been notified of unauthorised access to a hosted exchange service that hosts email accounts of up to 15,000 business customers. CBACommonwealth Bank of Australia CBA.AX said its Indonesian unit, PT Bank Commonwealth (PTBC), had been hit by a cyber incident involving unauthorised access of a web-based software application used for project management. IPHAustralian intellectual property services provider IPH Ltd (IPH.AX) said it had detected unauthorised access to a portion of its IT environment, compromising information including administrative documents and some client documents.

☆ New York art auction fall highlights include Paul Allen collection and a rare Warhol
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Eduardo MunozNov 4 (Reuters) - The fall art auction season kicks off in New York City next week, with auction houses Christie's and Sotheby's both expecting to bring in record-breaking sales. Among the highlights is Christie's Paul G. Allen Collection, which includes more than 150 pieces spanning 500 years. The collection, from the estate of the late Microsoft co-founder, includes works by Pablo Picasso, Georges Seurat, Paul Cezanne and Lucien Freud. Sotheby's Modern Art Evening Auction will be held on Nov. 14, followed by a Contemporary Evening Auction on Nov. 16. "There are so many amazing works on offer," Sotheby's head of impressionist and modern art for the Americas, Julian Dawes, said.

☆ Here’s why 75% of likely voters think we are in a recession — even though we’re probably not
▼ + stars: | 2022-11-03 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

New York CNN Business —A new CNN poll shows that three-quarters of likely voters feel like the US economy is in a recession. The technical definition of a recession is two consecutive quarters of economic contraction, which the US economy recorded in the first half of the year. Still, the economy feels bad to the majority of Americans ahead of next week’s midterms. But that’s still the highest since the early 1980s, and it’s the first time many younger people have ever experienced inflation. But that dip may not be enough to buy Democrats any goodwill among voters, given the elevated costs of every other necessity.

☆ Manhunt underway for ‘armed and dangerous’ suspect who shot 2 New Jersey police officers, officials say
▼ + stars: | 2022-11-02 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +2 min

A manhunt is underway for a suspect who shot two police officers at close range and left them hospitalized in Newark, New Jersey, on Tuesday, officials said. Police are searching for Kendall Howard, 30, describing him as “armed and dangerous” in connection with the Tuesday shooting. Police at the scene where two officers were shot, in Newark, N.J., on Nov. 1, 2022. Newark Mayor Ras Baraka said that a concerned citizen called police regarding a suspect in a previous shooting that took place Oct. 28. The other officers was shot in the leg and also remains hospitalized in stable condition.

☆ Trump ally Barrack traded access for UAE money, prosecutors say as trial nears end
▼ + stars: | 2022-11-01 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +3 min

[1/2] Thomas Barrack, a billionaire friend of Donald Trump who chaired the former president's inaugural fund, exits the Brooklyn Federal Courthouse in Brooklyn, New York, U.S., October 3, 2022. Abu Dhabi then invested $374 million from its sovereign wealth funds with Barrack, prosecutors say. "Mr. Barrack traded his political access for a long-term relationship with top UAE officials ... who controlled vast oil wealth," Ryan Harris, an assistant U.S. attorney, told jurors on Tuesday. Barrack himself took the stand last week, testifying that he never agreed to act at Abu Dhabi's direction or control. Reporting by Luc Cohen in New York; Editing by Noeleen Walder and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

[1/2] A woman uses her mobile phone as she walks past in front of an Optus shop in Sydney, Australia, February 8, 2018. This week 37 countries, including Australia, will meet at the White House with the goal of tackling ransomware and other cyber crime. Australian cybersecurity insurance premiums rose by an average of 56% year-on-year in the second quarter, said insurer Marsh & McLennan Companies Inc (MMC.N). The average Australian cybersecurity base salary is A$105,000, according to jobs website Glassdoor. Neil Curtis, an Australian cybersecurity executive of U.S. technology contractor DXC Technology Co (DXC.N), who runs a programme retraining military veterans in cybersecurity, said he had requests for about 300 trained personnel in the next six months.

☆ U.S., allies slam Russia for wasting U.N. Security Council time
▼ + stars: | 2022-10-27 | by ( Michelle Nichols | ) www.reuters.com time to read: +3 min

REUTERS/Eduardo MunozUNITED NATIONS, Oct 27 (Reuters) - The United States and allies slammed Russia on Thursday for wasting the time of the U.N. Security Council and spreading conspiracies by again raising its accusation that the United States has "military biological programs" in Ukraine. Russia has previously raised at least twice at the Security Council the issue of biological weapons programs in Ukraine. It has drafted a Security Council resolution to set up a commission, made up of all 15 council members, to investigate its claims. Such a move is possible - but has never been invoked - under the Biological Weapons Convention, which took effect in 1975. Ambassador to the United Nations Linda Thomas-Greenfield described Russia's accusations as "pure fabrications brought forth without a shred of evidence."

☆ Hyundai says new U.S. EV plant could begin production in 2024, produce 500,000 vehicles annually
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: 1 min

SAVANNAH, Georgia Oct 25 (Reuters) - Hyundai Motor Co (005380.KS) global chief operating officer Jose Munoz on Tuesday said the automaker's new $5.54 billion Georgia electric vehicle and battery plant could begin production in 2024 and eventually produce 500,000 vehicles annually. Korea's largest automaker broke ground on the new plant west of Savannah that is scheduled to begin producing vehicles in January 2025 and build 300,000 vehicles annually. Munoz told reporters the plant will produce five or six models and could begin building vehicles as early as the third quarter of 2024. "This plant is ready to get up to 500,000 (vehicles annually) if the demand is there," Munoz said. Reporting by David Shepardson; Editing by Mark PorterOur Standards: The Thomson Reuters Trust Principles.

☆ South Korea, U.S. in 'intense conversation' over EV tax credits, trade ambassador says
▼ + stars: | 2022-10-25 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

SAVANNAH, Ga. – South Korean officials are working closely with the U.S. government to adjust restrictive regulations on electric vehicles under the recently passed Inflation Reduction Act, according to the county's trade ambassador Tuesday. "We are in very intense conversation at the moment," Cho said Tuesday following the groundbreaking of a $5.5 billion electric vehicle plant by Hyundai Motor Group near Savannah, Georgia. Under the IRA, plug-in electric vehicles much be produced in North America to qualify for the tax incentives. U.S. Deputy Secretary of Commerce Don Graves during the event on Tuesday called South Korea a strong trade partner, but did not comment on the Inflation Reduction Act. Last week, U.S. Trade Representative Katherine Tai spoke with Korea's Minister for Trade Ahn Dukgeun about the IRA.

☆ Biden to get updated COVID vaccine, urge Americans to follow suit
▼ + stars: | 2022-10-23 | by ( David Shepardson | ) www.reuters.com time to read: +1 min

Oct 23 (Reuters) - U.S. President Joe Biden will get his updated COVID-19 vaccine on Tuesday and urge more Americans to get the latest shot, White House spokesman Kevin Munoz said on Sunday. Only 20 million people in the United States have received an updated COVID vaccine through last week. "We need everyone to step up and get their updated vaccine as soon as possible," she said. The United States started rolling out the updated COVID shots in September, designed to take on the circulating BA.4 and BA.5 Omicron subvariants and the original version of the virus. Biden in July tested positive for COVID with mild symptoms and tested positive in a rebound case seen in a small percentage of people who take the antiviral drug Paxlovid.

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