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"Smart tattoo" ink shows up here as the blue dots, activated by UV light during testing at Carson Bruns' lab in Boulder, Colorado. “We hope our results will ultimately inform Magic Ink and all tattoo ink manufacturers how to optimize the biocompatibility of their pigments in due time. A “check-engine light”Researchers say one advantage of smart tattoos over wearable technology such as smart watches or glucose monitors is that they can’t be hacked or run out of battery. A tattoo artist in London practices with smart ink developed by researcher Ali Yetisen on a piece of pig skin. He envisions a future where astronauts could utilize smart tattoos in space to gauge radiation exposure, for infectious disease detection in the general public or to help monitor chronic disease.
Persons: , Ali Yetisen, ” Yetisen, Yetisen, , Carson Bruns, American Cancer Society . Bruns, Bruns, Jesse Butterfield, don’t, ” Bruns, Wearables, Dr, Daniel Kraft, Kraft, you’ll, CNN’s Michelle Cohan Organizations: CNN, Department of Chemical Engineering, Imperial College London, Harvard Medical School, Harvard, MIT, American Cancer Society ., University of Colorado, FDA, Science Foundation Locations: University of Colorado Boulder, Boulder , Colorado, United States, Yetisen’s, London
More people are suspected to have died since June 1 from heat-related causes in national parks than an average entire year, according to park service press releases and preliminary National Park Service data provided to CNN. Ground zero for extreme heat deathsAll of this year’s suspected heat-related deaths took place in just three national parks: Grand Canyon, Death Valley and Big Bend. Heat risk and damage to national parks will only increase if unabated carbon pollution continues, Gonzalez said. That’s changing the personal risk calculus for summer recreation now and in the future in increasingly hotter national parks. Ronda Churchill/AFP/Getty ImagesPersonal responsibility weighs heavily in the policy direction the individual national parks take when dealing with the heat.
Persons: , spokespeople, That’s, Patrick Gonzalez, ” Gonzalez, Gonzalez, Nicolo Sertorio, Abby Wines, Joelle Baird, Baird, Matthew Levy, Maggie Peikon, , I’ve, Peikon, that’s, ” Peikon, Ronda Churchill, , ” Wines, ” Baird, James Thompson, It’s, ” Andrea Walton Organizations: CNN, Service, National Park Service, Climate Central, University of California, Death, Johns Hopkins University School of Medicine, American Hiking Society, Tourists, Visitor, Getty, Emergency, Region Public Affairs, Locations: Big Bend, Mississippi, Alaska, Berkeley, America, Indonesia, Ronda, AFP, Death Valley, Lake Mead, Arizona, Nevada
The family behind primary-care company ChenMed is stepping back from their leadership roles. He will bring on an almost entirely new leadership team, effective August 1. "The Chen family remains owners of the ChenMed company, and we will no longer be directing company operations," Chris Chen told staff. As a private company, ChenMed does not disclose its financials. During the meeting Thursday, Chris Chen told staff that the family and leadership team have "decided to keep the ChenMed brands together."
Persons: Steve Nelson, ChenMed, Chen, Nelson, Chris Chen, Steve Nelson ChenMed, Steve, Chris Chen's, Dr, Gordon Chen, James Chen, Mary Chen, Stephanie Chen, Jessica Chen, Shelby Livingston Organizations: Humana Locations: slivingston, insider.com
But even though the scam targeted Morgan Stanley clients and the advisor admitted using a Morgan Stanley product to carry it out, the firm has fought efforts to hold it responsible. "So, effectively, Morgan Stanley is lending money to the victims of this scheme and that money then gets diverted into Shawn Good's pocket," Easley said. Morgan Stanley, which topped earnings expectations Tuesday thanks in large part to its wealth management business, declined an interview request. But more important than all of that, she said, was that he worked for Morgan Stanley. Morgan Stanley was among 16 firms charged, all admitting they violated federal securities laws.
Persons: Morgan Stanley, Caitlin Andrews, It's, Shawn Edward Good, Good, Shawn Good, Michael F, Easley Jr, Shawn Good's, Easley, pilfered, Marc Fitapelli, Andrews, Fitapelli, Charles Hayward of, whatever's, Hayward, CNBC Andrews, I've, Caitlin, Louis Straney, Romeo Stelvio, Straney, Morgan Stanley's Organizations: Prosecutors, CNBC, Destiny, Easley, Eastern, Raleigh, Financial Industry Regulatory Authority, IRS, North Carolina State Bureau of Investigators, Lexus, Porsche, Tesla, Securities and Exchange, SEC Locations: Carolina Beach , North Carolina, Morgan Stanley's Wilmington, North Carolina, of North Carolina, New York, Charles Hayward of Wilmington, Santa Fe , New Mexico, France, Italy, Spain, Netherlands, Wilmington, N.C
LONDON, July 19 (Reuters) - Britain's banks are not passing on higher interest rates to savers fast enough, though this is expected to accelerate in coming months as a new duty to provide good outcomes for consumers comes into force, UK financial regulators said on Wednesday. Interest rates in Britain have risen from record lows near zero percent during the COVID-19 pandemic to 5%, with more rises expected to quell inflation, sending borrowing costs higher. "The pace has simply not been fast enough," Financial Conduct Authority Chief Executive Nikhil Rathi told parliament's Treasury Select Committee. The duty comes into force on July 31 and Rathi told lawmakers it was the watchdog's most significant intervention across all types of firms in two decades. There is no need for a formal "savings charter" among banks on savings rates given the watchdog needed to be careful about coordinating pricing decisions in what is a "reasonably competitive market", Rathi said.
Persons: Nikhil Rathi, parliament's, Rathi, Ashley Alder, Alder, Huw Jones, Peter Graff, Bernadette Baum Organizations: FCA, Thomson Locations: Britain
SafeSport, an independent non-profit organisation, was formed in 2017 and directed by Congress to respond to and prevent abuse within the U.S. Olympic and Paralympic movement. The letter, which pointed to "deep flaws" in SafeSport's processes, was signed by current and former members of both the men's and women's national teams. Among the concerns outlined in the document were an appeals and arbitration process that players say can be "damaging and retraumatizing for victims of abuse." "U.S. Soccer wants to do the right thing and take proactive steps against suspected abusers," the players wrote. "Our federation has tools and resources to investigate reports of abuse, but SafeSport is preventing them from participating in any way."
Persons: SafeSport, Arthur Ashe, Amy Tennery, Alexandra Hudson Organizations: U.S . Center, SafeSport, United States national soccer, Congress, U.S, Olympic, Paralympic, U.S . Soccer's, women's, Women's Soccer League, Soccer, . Soccer, Courage, Alexandra Hudson Our, Thomson Locations: United States, U.S, Auckland
LONDON, July 19 (Reuters) - Britain's markets watchdog said on Wednesday it was determined to tackle complex and often sensitive cases involving non-financial misconduct and would unveil guidance on diversity inclusion in the financial services industry in September. Nikhil Rathi, the CEO of the watchdog, told a committee of lawmakers on Wednesday that the agency would investigate non-financial misconduct cases on the basis that they were relevant to "fit and proper" standards of behaviour necessary for work in financial services. He also said that the FCA and Bank of England would be "clarifying guidance" on diversity inclusion in September, which could help spell out what constitutes "non‑financial misconduct". Rathi told lawmakers that, as a financial regulator, non-financial misconduct cases have to hinge on whether they affect consumer protection, market integrity and effective competition. But Rathi also encouraged people bringing serious allegations of non-financial misconduct to go to the police or speak to the FCA through its whistleblower hotline.
Persons: Crispin Odey, Odey, Nikhil Rathi, Rathi, Ashley Alder, Kirstin Ridley, Nell Mackenzie, Jane Merriman Organizations: Financial Conduct Authority, FCA, Bank of England, Asset Management, Financial Times, Reuters, London's Metropolitan Police, Thomson Locations: Odey
Schlabs also reached out to clients she wanted to work with on social media. I am reaching out to see if you are in need of product photography and/or social media content creation. I know how overwhelming it can be to constantly need new content for social media and ads. He said he starts by compiling a list of 50 dream clients and gets their contact details from social media or their website. He suggested freelancers build their profiles on social media and Google before cold-emailing and prepare a "brief, simple, and straightforward" positioning statement to describe what they do.
Persons: they've, they're, Deirdre Schlabs Deidre Schlabs, Schlabs, She'd, Christian Di Bratto, Di Bratto, YouTuber Justin Escalona, Tommy Schoenith, Gal Akbari, Read, who's, Spaudo, Jenny Rose Spaudo Jenny Rose Spaudo, Hunter, Jenny Rose, she'd, Boye, Matthew Boye Matthew Boye, Kamaru Usman, hadn't, he's, I've, you've, Glantz, Jen Glantz Jen Glantz Organizations: Boston, influencers, Google, Hire Locations: Instagram, Toronto, Nigerian
A man passes by a location of financial broker Charles Schwab in the financial district in New York, March 20, 2023. Schwab generated 75 cents in adjusted earnings per share on $4.66 billion in revenue. CFO Peter Crawford said in the release that revenue — which fell 9% year over year — was hurt by customers reallocating their cash with higher rates. However, Crawford stated that "we observed a continued and substantial deceleration in the daily pace of cash outflows" in June and that the company expected client cash to start growing again by the end of the year. CEO Walt Bettinger said on "Squawk on the Street" that "client cash realigning" is now down more than 80% from the first quarter.
Persons: Charles Schwab, Schwab, Peter Crawford, , Crawford, Walt Bettinger, Bettinger Locations: New York
China rolls over medium-term policy loans, rate unchanged
  + stars: | 2023-07-17 | by ( ) www.reuters.com   time to read: +2 min
SHANGHAI/SINGAPORE, July 17 (Reuters) - China's central bank rolled over maturing medium-term policy loans and kept the interest rate unchanged as expected on Monday, however markets expect authorities will need to unleash more stimulus to support slowing economic growth. The People's Bank of China (PBOC) said it was keeping the rate on 103 billion yuan ($14.43 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions unchanged at 2.65%. In a Reuters poll conducted last week, market participants predicted no change to the MLF rate. Traders and analysts said the rate decision was well expected after the central bank lowered key policy rates last month. With 100 billion yuan worth of MLF loans set to expire this month, the operation resulted a net 3 billion yuan fresh fund injection into the banking system.
Persons: Goldman Sachs, Winni Zhou, Tom Westbrook, Kim Coghill, Sam Holmes Organizations: People's Bank of China, Traders, Communist Party, Goldman, Thomson Locations: SHANGHAI, SINGAPORE, United States, China
The average federal fine for a US employer, when a worker dies from heat-related illness, is $8,539.98. The three-year average of heat-related worker deaths has doubled since 1990, a 2021 report from NPR and Columbia Journalism Investigations revealed. According to federal data reported between 2017 and 2022, the Department of Labor fines businesses governed by federal OSHA regulations an average of just $8,539.98 if an employee dies because of heat-related illness. Gleason also noted that federal OSHA fines for worker deaths are significantly smaller than that of other federal agencies. "The average Environmental Protection Agency penalty is 10 times that of federal OSHA for a worker that dies," Gleason said.
Persons: Eugene Gates Jr, Felipe Pascual, Richard Gleason, Gleason, West Virginia —, Thomas Linkous, — Farrell, Organizations: Service, NPR, Columbia, Investigations, US Postal Service, University of Washington, Occupational Safety, Health Administration, Department, Labor, OSHA, Environmental, Agency, The Department Locations: United, Wall, Silicon, United States, Dallas, Houston, West Virginia, Wisconsin, California, Washington, Oregon
United CEO Scott Kirby says climate change will cause even more flight delays in the future. The airline canceled thousands of flights in a six-day meltdown leading up to July 4 weekend. United Airlines CEO Scott Kirby hasn't hesitated to point fingers when it comes to flight delays, from criticizing airport infrastructure to slamming the FAA for staffing shortages. Garth Thompson, a United pilot and union chair, similarly highlighted internal issues at the airline as a driving factor behind the flight delays in late June. "While Scott Kirby attempts to deflect blame on the FAA, weather and everything in between, further flight delays are a direct result of poor planning by United Airlines executives," Thompson told Insider at the time.
Persons: Scott Kirby, Kirby, Scott Kirby hasn't, Kirby —, , United, United's, Pete Buttigieg, Garth Thompson, Thompson Organizations: United Airlines, Politico, Hurricanes, Independence, United, New, Transportation, FAA, CNN Locations: New York, Newark, New York City
The proposal was delivered to the streaming platforms at a June 20 meeting at the Information and Broadcasting Ministry. The government highlighted the need for a "more proactive approach" to ensure that streaming content, "including international content", aligns with a so-called code of ethics, the minutes showed. That code already mandates providers to exercise caution on content that could incite violence or be sensitive for religious reasons. The proposal also comes as streaming giants protest a government order to add 50-second tobacco health warnings in each piece of content, and two years after India ordered the setting up self-regulatory bodies for complaints about streaming content. Suhasini Maniratnam of the Digital Publisher Content Grievance Council, told the gathering pre-censorship could hurt the industry growth and cost jobs, and that given the high volume of content "there is a need to specifically act" against obscene and vulgar content.
Persons: OTT, Anurag Thakur, Thakur, Suhasini, Aditya Kalra, Robert Birsel Organizations: Netflix, Disney, Information and Broadcasting Ministry, Reuters, Media Partners, Amazon, Apple, Industry, Broadcasting, Thomson Locations: India, DELHI, New Delhi, Bengaluru
WASHINGTON — A Republican-led House Financial Services subcommittee held a second hearing Thursday scrutinizing the Biden administration's environmental, social and governance disclosure proposals for public U.S. companies. The hearing zeroed in on the influence of proxy advisors on shareholder voting decisions on questions related to ESG investing. Republicans pushed back against what they called the prioritization of ESG shareholder resolutions, while Democrats say shareholders deserve to be informed of all possible risks to their investments. The hearing was the second of six scheduled this month on ESG investing by House Republicans. The GOP's push against policies designed to promote ESG investing has garnered the support of some of the largest business advocacy groups, such as the Business Roundtable and the National Association of Manufacturers.
Persons: WASHINGTON —, Ann Wagner, Glass Lewis, Wagner, Gary Gensler, Trump, Chris Netram, — rescinding, Netram Organizations: Republican, Financial Services, Biden, Capital Markets, House Republicans, GOP, SEC, Securities, Exchange, Business, National Association of Manufacturers, NAM Locations: Bonn, Germany
The Federal Trade Commission is investigating ChatGPT-maker OpenAI to understand if the company has violated consumer protection laws. The Washington Post, which first reported the news, published the FTC's 20-page civil investigative demand (CID), similar to a subpoena outlining key focuses of the probe. A source familiar with the matter confirmed the authenticity of the document to CNBC. The FTC and other agencies have emphasized that they already have legal authority to pursue harm created by AI. The document also asks how OpenAI assesses risk in LLMs and how it monitors and deals with misleading or disparaging statements about people.
Persons: OpenAI, Lina Khan's, Sam Altman Organizations: Federal Trade Commission, Washington Post, CNBC, FTC, CID, ChatGPT, YouTube Locations: Washington, LLMs
SEOUL, July 12 (Reuters) - The head of South Korea's financial supervisory agency asked foreign financial firms on Wednesday for preemptive risk management in the face of various uncertainties. "Especially, I request that you do your best to maintain financial soundness and proactive risk management by pre-emptively responding to recent external and internal uncertainties," Lee Bok-hyun, governor of the Financial Supervisory Service (FSS), told firms. Representatives from 11 foreign institutions including JPMorgan Chase Bank, HSBC Bank, MUFG Bank, Yuanta Securities, Goldman Sachs Securities, insurers, and investment companies attended. Lee also told the meeting, which is held once or twice a year, about progress in regulatory changes and authorities' efforts to improve foreign access to financial markets, the FSS said in a statement. Reporting by Jihoon Lee; editing by Robert BirselOur Standards: The Thomson Reuters Trust Principles.
Persons: Lee Bok, hyun, Lee, Jihoon Lee, Robert Birsel Organizations: Financial Supervisory Service, JPMorgan Chase Bank, HSBC Bank, MUFG Bank, Yuanta Securities, Goldman, Goldman Sachs Securities, Thomson Locations: SEOUL, Goldman Sachs
Jarrett, 38, has $101,000 in student debt and was hopeful for Joe Biden's loan forgiveness. He told Insider he didn't think Biden's new plan for relief would deliver for borrowers. For years after graduating, he struggled to find steady employment and placed his initial student-loan balance of about $60,000 on forbearance. "I'm never going to be able to pay it down," Jarrett told Insider. And I certainly don't think that what he's doing now is going to address the issue either."
Persons: Jarrett, Joe Biden's, Jarrett —, , doesn't, I'm, I've, Biden, Jarrett isn't, Alexandria Ocasio, Ro Khanna, he's Organizations: Service, Education Department, Higher, Democratic, CNN, Biden Locations: Wall, Silicon, Alexandria, Cortez
Atlanta single father Jon had his son Theo after a decade of saving and strategizing with employer benefits and advocacy group help. "I worked for a decade to make this family happen," the Atlanta-based single father said. His company didn't initially offer fertility benefits for men. "The tech sector and the financial services sector have been very proactive in offering fertility benefits," said Anthony Brown, an attorney and manager of client services at Circle Surrogacy. The tech sector and the financial services sector have been very proactive in offering fertility benefits.
Persons: Jon, Theo, Jon G, Rebecca Willman, didn't, Anthony Brown, Brown Organizations: International Foundation of Employee Locations: Atlanta, U.S
Some US schools are deploying robots to beef up campus security, The Wall Street Journal reported. Some US schools are turning to robots to help beef up campus security and potentially confront intruders, The Wall Street Journal reported. Last June, the Biden Administration signed the Bipartisan Safer Communities Act, which invests millions of dollars into mental health services and school security. It has a speaker system that can allow a remote security team to speak to an intruder. At Wyandotte Public Schools district in Oklahoma, Superintendent Brad Wade told the Journal the district plans to deploy four robots from Stokes Robotics, which sells quadruped and wheeled robots.
Persons: Sen, Ted Cruz of, KRQE, Andy Sanchez, Mario Salbidrez, Salbidrez, Brad Wade, Robert Stokes, he's, Stokes Organizations: Street Journal, New, Santa Fe High School, Robb Elementary School, Biden Administration, Safer Communities, 1st Technologies, Santa Fe High, Team, Santa Fe Public Schools, Wyandotte Public Schools, Stokes Robotics Locations: New Mexico, Santa, Uvalde , Texas, Ted Cruz of Texas, Albuquerque, Oklahoma, disorient
Over 13 years ago, AvePoint, a SaaS solutions provider based in New Jersey, recognized the potential of Southeast Asia and found its entry point in Singapore. "While Singapore is a very small country, the country's focus on talent development and productivity results in it leading the forefront of innovation with a strong tech ecosystem for talent and corporate success," he said. In Singapore, ServiceNow was able to access a unique business partnership with Singapore Airlines, the world's most-awarded airline and one of the region's largest customers, developing a system called SQNow, which streamlines and manages IT workflows. "Being successful in Singapore is often a gateway into other markets around Southeast Asia," Nehammer added. Why Singapore's brand continues to thriveSingapore's ascent as a global tech powerhouse is anchored on the pillars of innovation, business networks, and robust tech infrastructure.
Persons: Tianyi Jiang, ServiceNow, it's, Jiang, Nehammer, AvePoint Organizations: ASEAN, Association of Southeast Asian Nations, Singapore government's Smart, Smart, Singapore, Singapore Airlines, NCS, Tech, Monetary Authority of Singapore, MAS, Higher, Insider Studios, Singapore Economic Development Board Locations: Singapore, New Jersey, Southeast Asia, Asia, Rhode
The RBI's overnight variable rate reverse repo, or VRRR - usually undertaken to withdraw excess liquidity - saw a subscription of only 390 billion rupees ($4.73 billion) earlier in the day. "But overnight VRRRs should see healthy responses if they do not coincide with any major outflows." That lead to a sharp plunge in overnight rates, averaging comfortably below the central bank's repo rate of 6.50%. The RBI has been intending to maintain overnight rates - currently around 6.40% - around the repo rate and has been proactive in conducting reverse repos to achieve that. Reuters had reported in June that the central bank may resort to overnight VRRRs, with banks showing reluctance to park funds for a longer period.
Persons: Banks, Mataprasad Pandey, Shaktikanta Das, Dharamraj Dhutia, Nivedita Organizations: Reserve Bank of India, Reuters, Thomson Locations: MUMBAI
Medical debt can affect your credit score, but its been deprioritized by the credit industry. While FICO has lessened the weight of medical debt on your credit score, VantageScore completely removed medical debt from its calculations. How to improve your credit after medical debtWhile unpaid medical debt doesn't have the same impact on your credit score as an unpaid credit card bill, it can impact your credit nonetheless. Once you transfer that debt to your credit card, those protections you and your credit score have against medical debt no longer apply. Medical debt frequently asked questionsIs medical debt being removed from credit reports?
Persons: FICO, VantageScore, , doesn't, Experian, Tiffany Cross, Rick Eicheldinger, You'll, Cross Organizations: Service, Consumer Financial Protection Bureau, Kaiser Family Foundation Locations: United States
Tiny home villages are popping up across the country — including for homeless veterans. A bill introduced in Congress would fund up to $100 million to build five more around the country. For Ida, it was a "dream come true," according to Operation Tiny Home, on its website. Tiny home villages are popping up across the country, with many developers gearing their projects to help veterans and their families. "It's hard to overstate the significance of this bill, " Zack Giffin, spokesperson for Operation Tiny Home and the host of the Tiny House Nation television series, told Insider.
Persons: Tiny, , Ida, who've, Republicans —, Zack Giffin, Giffin Organizations: Service, Navy, Congress, Republicans, Tiny, Tiny House Nation, Building
LONDON, July 4 (Reuters) - Oil prices climbed 2% on Tuesday as markets weighed August supply cuts by top exporters Saudi Arabia and Russia against a weak global economic outlook. The total cuts now stand at more than 5 million bpd, or 5% of global oil output. "Clearly, the Saudis are taking proactive and pre-emptive steps to stabilize the price of crude oil as well as see gains to reach $80 a barrel to sustain their domestic budgets," said Andrew Lipow, president of Houston-based Lipow Oil Associates. Even so, the market will wait to verify Russia's announced cuts, and concerns continue that high interest rates will weigh on global demand, Lipow said. Oil benchmarks settled about 1% down in the previous session, as a gloomy macroeconomic outlook served to erase early gains.
Persons: Tamas Varga, Andrew Lipow, Russia's, Lipow, Craig Erlam, Natalie Grover, Rod Nickel, Arathy Somasekhar, Trixie Yap, Mark Potter, Alexander Smith, David Goodman, Bill Berkrot Organizations: Brent, . West Texas, Houston, Lipow Oil Associates, Independence, International Energy Agency, Thomson Locations: Saudi Arabia, Russia, Algeria, OPEC, China, Europe, U.S, London, Winnipeg , Manitoba, Houston, Singapore
This story is part of CNBC Make It's Millennial Money series, which details how people around the world earn, spend and save their money. While growing up in a suburb of Washington, D.C., Brunotts always expected to go to college. But after reviewing the potential costs of attending music school in NYC, she ultimately decided against pursuing higher education. She brought in around $48,000 last year and says she's on track to make more this year. When she has earned more than her weekly goal doing work for clients, Kate spends time working on personal music projects.
Persons: Kate Brunotts, Brunotts, I've, Kate, Matt, hadn't, Lauren Shamo, Maherzad Todiwala, she's, she'll, Roth, It's Organizations: CNBC, New York City, Washington , D.C, Center, Citi, Google Fi Locations: New York, Washington ,, NYC, Upwork, Venmo, Brunotts
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