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☆ FACTBOX Wall Street banks expect 'hawkish pause' from Fed in June
▼ + stars: | 2023-06-12 | by ( ) www.reuters.com time to read: 1 min

June 12 (Reuters) - Most big Wall Street banks expect the Federal Reserve to keep interest rates unchanged on Wednesday, while sticking to its hawkish tone due to a strong job market and elevated inflation. Several economists say that it is a toss-up between a skip and a hike in the June meeting. Most banks expect the central bank to prepare markets for a hike in July. Money markets are currently pricing in a more than 70% chance of a pause this month, with rate cut expectations pushed out to next year. Following are forecasts from some big U.S. banks and their global counterparts:(This story has been corrected to change the dateline to June 12)Compiled by Broker Research team in BengaluruOur Standards: The Thomson Reuters Trust Principles.

Organizations: Federal Reserve, Research, Thomson Locations: Bengaluru

☆ Inside Infowars' crumbling empire: Ex-Staffers reveal the 'volatile' and 'unhinged' atmosphere working for conspiracy theorist Alex Jones
▼ + stars: | 2023-06-11 | by ( Tom Porter | Ashley Collman | ) www.businessinsider.com time to read: +23 min

One afternoon in the spring of 2017 Alex Jones furiously lunged at his video producer. According to Jacobson, Jones had to be restrained by another Infowars staffer lest he actually hurt him. Alex Jones did not respond to Insider's request for comment. Owens also said he felt guilty about his complicity in promoting the Sandy Hook conspiracy theories during his time working there. "People hearing the words Sandy Hook, they automatically think Alex Jones," she added.

Persons: Alex Jones, lunged, Robert Jacobson, Jones, Jacobson, hawking, Paul Simon, Bruce Springsteen, Alex, baselessly, David, doesn't, Sandy Hooks, Sandy Hook, Josh Owens, Owens, Marjorie Taylor Greene, John Travolta, badgering, George, we're, Jone, Nuri Vallbona, lackey, …, That's, I'm, Christmas Jones, Kelly, David Duke, Duke, Infowars, He'd, David McCullough, Christopher Jordan, Jordan, they're, Megan Squire, Squire, Dave Mustain, Tim Kennedy, Donald Trump, Chris Mattei, Judge Barbara Bellis, Daria Karpova, Karpova, " Jacobson, he'll, He'll Organizations: Austin, Austin Community, Facebook, Factory, Infowars, Iron, Alamo, New York Times Magazine, REUTERS, New, Senate, Housing, Southern Poverty Law Center, San Diego, Free Speech Systems, YouTube, Sandy, Connecticut Superior, Associated Locations: Austin, Texas, USA, Infowars, Atlanta, Austin , Texas, U.S, New York City, Louisiana, Infowar, Newtown, Connecticut, New Orleans, Waterbury, Conn

WASHINGTON, June 9 (Reuters) - A surprise Supreme Court ruling on Thursday has handed Democrats a potential boost in the 2024 congressional race by calling into question the constitutionality of Republican-drawn electoral districts throughout the U.S. South. That could force Alabama to redraw its seven House districts so that two would contain Black majorities or near-majorities, up from one now. Analysts said that would give Democrats a greater chance of winning seats across the South, where voting often breaks down along racial lines. Democrats said the ruling would give them a greater chance at winning back the chamber in the November 2024 election. "This decision will affect redistricting cases across the country and help deliver a House of Representatives that better reflects the diversity of our nation," said Suzan DelBene, chair of the Democrats' House campaign arm.

Persons: Suzan DelBene, Jack Pandol, Terri Sewell, Gram Slattery, Moira Warburton, Andy Sullivan, Stephen Coates Organizations: Republican, Analysts, Republicans, Representatives, Democrats, House, Democratic, Thomson Locations: U.S, Alabama, Washington, Louisiana, North Carolina, Alabama's

In his ruling, U.S. District Judge John Coughenour rejected bids from Apple and Amazon to dismiss the prospective class action on various legal grounds. Lawyers for Apple and Amazon and representatives for the companies did not immediately respond to requests for comment on Friday. In 2018, according to the lawsuit, there were some 600 third-party Apple resellers on Amazon. Apple agreed to give Amazon a discount on its products if Amazon reduced the number of Apple resellers from its marketplace, the lawsuit alleged. The judge in Seattle said "countervailing" motivations for the agreement between Apple and Amazon would be addressed later in the litigation.

Persons: iPads, John Coughenour, Coughenour, Steve Berman, Apple, Steven Floyd, Read, Mike Scarcella, Leigh Jones Organizations: District, Apple, Amazon, Ninth Circuit, Amazon.com Inc, Apple Inc, Western District of Washington, Thomson Locations: U.S, Seattle, Western District

☆ The Southern Tornado Alley: Where the deadliest twisters touch down in the US
▼ + stars: | 2023-06-09 | by ( Amy O'Kruk | ) edition.cnn.com time to read: +5 min

Some climate scientists call it the Southern Tornado Alley (STA): An area above the Gulf of Mexico that stretches from the western borders of Arkansas and Louisiana to eastern Georgia, encapsulating Mississippi, Alabama and Tennessee in between. But in the Southern Alley, tornadoes are uniquely dangerous and often much more fatal. “The Southern Alley is where you get the human population to meet up with the storms. “Because when it gets down to it, the minutes matter.”Tornadoes that occur in the Southern Tornado Alley are far less predictable than in the Great Plains Tornado Alley, often making them more deadly. “A lot of times people hear Tornado Alley and they just think Kansas.

Persons: Oz ”, twisters, ”, John Gagan, who’s, Gagan, there’s Organizations: Southern Tornado, Tornados, CNN, National Weather Service, ”, Tornado, Rockies Locations: of Mexico, Arkansas, Louisiana, Georgia, encapsulating Mississippi, Alabama, Tennessee, Oklahoma, Kansas, Sullivan , Wisconsin, Mississippi

☆ Tony Predictions: Expect Wins for ‘Kimberly Akimbo’ and ‘Leopoldstadt’
▼ + stars: | 2023-06-09 | by ( Michael Paulson | ) www.nytimes.com time to read: +1 min

What do you get when you toss together a brassy grifter, an Elvish-speaking anagrammist, a show choir and, oh yes, a teenager with a life-threatening genetic condition? This year, it seems, you get a Tony-winning musical. “Kimberly Akimbo,” a small show with a huge heart, is likely to win the most coveted prize at the 76th Tony Awards ceremony on Sunday, according to my annual survey of Tony voters. Over the last week, I have connected, by email or telephone, with 158 voters who generously agreed to discuss their picks (and, often, their concerns about, and hopes for, the theater business); they are distributing their votes widely among the nominees after a season with few consensus favorites. There are a total of 769 Tony voters, and they are mostly industry insiders — producers, investors, actors, writers, directors, designers, and many others with theater-connected lives and livelihoods.

Persons: Tony, “ Kimberly Akimbo

☆ Recycling and Regulation Are Hot Issues in Likely Update to U.S. Sustainable Marketing Guides
▼ + stars: | 2023-06-08 | by ( Dieter Holger | ) www.wsj.com time to read: +8 min

The FTC last updated its guides in 2012 after a review that it launched in late 2007. “For the average consumer, it’s impossible to verify these claims,” FTC Chair Lina Khan said in December when the review was launched. “It therefore is critical for the FTC’s framework on environmental claims to stay flexible and nimble,” Nestlé said in its public comment. Published comments from Procter & Gamble, L’Oréal and Unilever support keeping the current 60% threshold and say recyclable claims shouldn’t be based on how much of their products get recycled. Its CEO also said he hopes the Green Guides will be updated more regularly given the rapidly changing landscape of environmental marketing.

Persons: “, Lina Khan, Nestlé, PIERRE ALBOUY, REUTERS Nestlé, Perrier, Johnson, Fisk Johnson, ” Johnson, ”, Sarah Dearman, Ting Shen, L’Oréal, Unilever didn’t, Keith Srakocic, S.C, Dieter Holger Organizations: U.S . Federal Trade, FTC, Green Guides, Justice Department, REUTERS, ” SC Johnson, Sustainable Business, Green, Recycling, Bloomberg, The Recycling, U.S . Environmental Protection Agency, Greenpeace, Procter & Gamble, L’Oréal, Unilever, ” Unilever, Guides, dieter.holger Locations: North America, Virginia, U.S

☆ Is It the End of an Era at the Metropolitan Opera?
▼ + stars: | 2023-06-08 | by ( Zachary Woolfe | ) www.nytimes.com time to read: +1 min

The Metropolitan Opera’s 2022-23 season may well have been the end of an era. As a repertory house and the country’s largest performing arts organization, it juggles multiple works at a time. The days of being America’s grand repertory company, of 20-plus titles a year, could be slowly entering the rearview mirror. So it was fitting that, last month, the Met said farewell to one of the shows that typified the era that’s ending: its “Aida” from the 1980s. The production was typical Met: hardly cheap but sturdy and flexible, into which you could toss singers with relatively little rehearsal.

Persons: it’s, Don Carlo, ” Organizations: Met

☆ Warner misses out on fifty, Australia 73-2 in WTC final v India
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +2 min

After Usman Khawaja fell for a duck, Warner shared a 69-run stand with Marnus Labuschagne, who reached 26 not out, to steady the innings. Shardul Thakur dismissed Warner for 43 in the penultimate over before lunch. Earlier, India did not have to wait long for a breakthrough after captain Rohit Sharma won the toss and inserted Australia on a grassy wicket. After a quiet opening hour, Warner cut loose and hit Umesh Yadav for four fours, including three in a row, in an over. Shardul Thakur had two lbw appeals against Labuschagne turned down and India reviewed both decisions but could not get them reversed.

Persons: David Warner, Paul Childs, Usman Khawaja, Warner, Marnus Labuschagne, Shardul Thakur, Steve Smith, Rohit Sharma, Mohammed Shami, Mohammed Siraj, Khawaja, Siraj, nestling, Umesh Yadav, Labuschagne, Bharat, Ravichandran Ashwin, Ravindra Jadeja, Scott Boland, Josh Hazlewood, Amlan Chakraborty, Christian Radnedge, Ed Osmond Organizations: Cricket, ICC, Paul Childs LONDON, India, The, KS, Warner, Thomson Locations: Australia, India, London, Britain, India's, New Delhi

☆ Rudy Giuliani asks judge to toss 'salacious' references to his appearance in 'Borat' movie, denies making racist remarks and selling pardons in response to ex-staffer's sex-abuse lawsuit
▼ + stars: | 2023-06-07 | by ( Jennifer Cunningham | ) www.businessinsider.com time to read: +4 min

Rudy Giuliani asked a judge to toss parts of the sex-abuse lawsuit against him. Giuliani also denied selling pardons for Trump and making discriminatory remarks. Those claims, Giuliani said, are either false or don't bolster Dunphy's underlying claims that he sexually assaulted her. According to Dunphy's lawsuit, Giuliani behaved the same way in his apartment with her and then forced her to give him oral sex. Noelle Dunphy's lawsuit includes allegations of sexual abuse, using Rudy Giuliani's presence in the "Borat" sequel as a reference point.

Persons: Rudy Giuliani, Giuliani, —, Noelle Dunphy's, Dunphy, Donald Trump, Rudy Giuliani's, Noelle Dunphy, Adam Katz, –, Dunphy's, Justin Kelton, Giuliani's Organizations: Trump, Service

☆ Kim Kardashian, Floyd Mayweather can’t evade EMax crypto investors’ claims, judge says
▼ + stars: | 2023-06-07 | by ( Alison Frankel | Thomson Reuters | Alison Frankel Has Covered High-Stakes Commercial Litigation As A Columnist For Reuters Since A Dartmouth College Graduate | ) www.reuters.com time to read: +7 min

Pierce, who allegedly received nearly $250,000 in EMax tokens as payment for touting the investment, paid $1.4 million in February to settle the SEC’s allegations of deceptive securities promotion. The new ruling, Masson said, should serve as a blueprint for crypto investors who contend they were duped by celebrity promoters. The beefed-up amended complaint convinced the judge that investors had plausibly accused the celebrity influencers of doing just that: exerting influence over their followers by endorsing EMax tokens. Fitzgerald’s previous decision dismissing claims against Kardashian and the other EMax promoters, Masson said, might have created an impression that celebrities can’t be held responsible for allegedly deceptive crypto touting. “You cannot get away with this.”Read more:Kim Kardashian, other celebrities beat EMax crypto investors' lawsuitKim Kardashian pays $1.26 million fine for paid crypto ad, SEC saysOur Standards: The Thomson Reuters Trust Principles.

Persons: Kim Kardashian, Michael Fitzgerald, Kardashian, Floyd Mayweather, famer Paul Pierce, Mayweather, Pierce “, ”, Fitzgerald, Hyping, you’ve, Scott, “, ” Fitzgerald, Michael Rhodes, Cooley, Pierce, Joel Weiner, Katten Muchin Rosenman, James Sanders, Reed Smith, influencer Logan Paul, Paul, King & Spalding, Sean Masson, Scott —, Kardashian —, EMax, Masson, ’, can’t, ” Masson, ” Read Organizations: District, Los, NBA, famer, U.S . Circuit, Securities, Exchange Commission, King &, SEC, Thomson, Reuters Locations: California, “, Florida

☆ The Most Comfortable Pillows for Back Sleepers
▼ + stars: | 2023-06-06 | by ( ) www.wsj.com time to read: +14 min

Best overall pillow for back sleepersSaatva Latex Pillow $165 at Saatva Saatva’s shredded latex pillow balances plush comfort with a solid amount of neck support. Best memory foam pillow for back sleepersTempur-pedic TEMPUR-Cloud Ultimate Pillow $89 at Tempur-pedic The Tempur-Cloud Ultimate Pillow is a responsive memory foam model that adapts to your body for plush comfort and pressure point relief. But within a day, it plumped up nicely to make a medium-loft memory foam option that would work for different size sleepers. I’ve written extensively about sleep and sleep hygiene in particular, including reviews for Buy Side of pillows for side sleepers, pillows for stomach sleepers and the best mattress toppers. Temperature regulation: For a comfortable night’s sleep, pillows should keep the microclimate—the area between the sleeper and the bedding—from feeling warm.

Persons: Lisa Lombardi, ”, Rahul Shah, you’re, We’ve, “, Shah, Coop, it’s, Nolah’s, I’ve, Heather Swain, D.P.T, Robin Zachary, University of Toledo Robin Zachary Organizations: NASA, Health, University of Toledo Locations: M.D, Vineland , N.J, —, Tempur, Toledo , Ohio, New York City

June 5 (Reuters) - The Biden administration has asked a federal judge to toss out a lawsuit by Republican-led states seeking to strike down a rule allowing socially-conscious investing by employee retirement plans. The states moved last month for a ruling permanently blocking the rule, which took effect Jan. 30. The Biden administration on Friday said the rule makes clear that retirement plans must base decisions primarily on financial factors. But unlike the Trump-era rule, it also recognizes that issues such as climate change and social justice can impact companies' long-term financial health, the Justice Department said. The judge in March rejected the Biden administration's claim that the states were improperly "judge shopping" by filing the lawsuit in Amarillo, where Kacsmaryk is the only judge.

Persons: Biden, Trump, Sean Reyes, John Scott, Joe Biden, Matthew Kacsmaryk, Donald Trump, Kacsmaryk, Daniel Wiessner, Alexia Garamfalvi Organizations: Republican, U.S . Department of Justice, U.S . Department of Labor, Trump, Justice Department, Interim Texas, Congress, District, Biden, Thomson Locations: Amarillo , Texas, Utah, Texas, U.S, Amarillo, Albany , New York

HONG KONG, June 5 (Reuters Breakingviews) - Shein is threading the world’s trickiest geopolitical needle. But rising American pressure is forcing it to tweak its business model right as it tries to list there. Last year, its top line surged 46% to $23 billion, per the Wall Street Journal, surpassing $22 billion at H&M and outpacing the 18% growth at Inditex. A Boston Consulting Group report notes that this model allows Shein to keep inventory turnover at just 40 days. That will be expensive; the company's net profit margin was a razor-thin 3.5% last year, according to the Wall Street Journal, far below bricks and mortar rival Inditex's 13%.

Persons: Shein, Bernstein, Chris Xu, Xu, Mubadala, Pete Sweeney, Katrina Hamlin Organizations: Reuters, U.S ., Rivals, Street, Financial Times, Boston Consulting, Morningstar, Securities and Exchange Commission, Wall Street, ’, Singapore, Sequoia Capital, General Atlantic, Thomson Locations: HONG KONG, Zara, China, Inditex, Guangdong, U.S, Xinjiang, Nanjing, Singapore, Mexico, Brazil, India

☆ Chili's has become the gold standard for restaurant service in these inhospitable times
▼ + stars: | 2023-05-31 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Chili's has hired staff to bus tables and streamlined preparation, according to the New York Times. Some have found it at Chili's, according to the New York Times. In the early years of the pandemic, Chili's experimented with technology, such as a robot server, to handle the labor shortage and increase efficiency. "When you go out to eat you want to be waited on, and that hasn't changed," Hochman told the Times. Jasmine Owens, a longtime bartender at a Chili's outside of Atlanta, told the Times that customers would scream and toss their food during the pandemic.

Persons: Chili's, —, Kevin Hochman, Hochman, hasn't, Jasmine Owens, Owens Organizations: New York Times, Service, Times, Brinker International, Restaurant Industry Locations: Chili's, Dallas, State, Atlanta

☆ Bedding Deals for Memorial Day—These Sales Are Still Going
▼ + stars: | 2023-05-30 | by ( ) www.wsj.com time to read: +3 min

By Madeline DiamondWhile Memorial Day Weekend is over, many of these bedding deals are still available and include sheet sets, mattresses, pajamas and more. Memory foam mattressAnother pick from our mattress buying guide, this mattress from Dreamcloud, is 40% off for Memorial Day, which means that the queen-size version is marked down by $733. As part of the brand’s sitewide Memorial Day sale, you can score 20% off the blanket with the code SAVE20. Right now, the set is nearly $50 off as part of the brand’s Memorial Day sale. It comes in nine colors, five of which are on sale right now for 20% off.

☆ Indian athletes to toss medals into Ganges as they demand official's arrest
▼ + stars: | 2023-05-30 | by ( ) www.reuters.com time to read: +1 min

NEW DELHI, May 30 (Reuters) - India's top wrestlers have threatened to hurl their medals into the river Ganges on Tuesday as they demand the arrest of the head of the Wrestling Federation of India over sexual harassment allegations. Singh has been stripped of his administrative powers but the wrestlers are seeking his arrest over allegations of sexual harassment against female wrestlers. "For us, our medals are sacred, and so is the river Ganges," they said in a statement in Hindi. "This holy river is the perfect custodian of our medals, not the system that shields the offender." The athletes said that after throwing their medals into the river they would return to New Delhi to begin a hunger strike at the India Gate war memorial.

☆ Liam Hendriks returns to the mound after cancer battle
▼ + stars: | 2023-05-30 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

CNN —Chicago White Sox pitcher Liam Hendriks returned to baseball on Monday night after a battle with cancer. I felt good, I felt strong, I felt comfortable out there. Finally, on Monday, the White Sox activated Hendriks from his injury rehabilitation assignment allowing him to return to Major League Baseball action. “Again, this is bigger than baseball, right?” White Sox manager Pedro Grifol said. And how good he was prior to [it] and how good he’s going to be afterward.

☆ In ‘Horse Barbie,’ Geena Rocero Recounts a Modeling Life Like No Other
▼ + stars: | 2023-05-30 | by ( Shane O Neill | ) www.nytimes.com time to read: +1 min

In the back seat of a car en route to the West Village, she reflected on her shift from model to advocate. “And then I felt like I entered a new trap, which is respectability politics.”Ms. Rocero said she never felt fully comfortable in the role of trans role model. At first she was excited to assume what she called an Angelina Jolie persona — a beautiful, world-trotting champion of social issues. “Ines was the first one,” Ms. Rocero said, referring to the French model Ines Rau. In the West Village, Ms. Rocero once again jaywalked while approaching Rosecrans, a combination florist and coffee shop.

☆ 4 things 'Succession' gets wrong about business
▼ + stars: | 2023-05-28 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +7 min

HBO's hit show "Succession" airs its series finale Sunday night, with Waystar Royco's future in the balance. It captures the spirit of boardroom drama, but takes some liberties with corporate law, experts said. On HBO's hit show "Succession," the beats of a proxy fight are sometimes just as intense as a scheming betrayal from a once loyal lackey. Over four seasons, the show has laid out a thesis about the all-encompassing gravitational force of Logan Roy, the media mogul behind the fictional news and entertainment conglomerate Waystar Royco. "But the failure of the board to engage in any succession planning at all, is a first thing to note," she said.

She added the Ukrainian did not deserve to leave the main showcourt in the manner she did, but Kostyuk urged Sabalenka to take a stronger, more personal stand against the war. "She (Sabalenka) never says that she personally doesn't support this war, and I feel like journalists should change the questions you ask these athletes because the war is already there," Kostyuk said. Fifth seed Tsitsipas was made to work hard by Vesely, who is on the comeback trail following a lengthy injury absence, before winning 7-5 6-3 4-6 7-6(7). With temperatures at 22 degrees and expected to reach 26 in the afternoon, the water vending stands were busy. Serbian Djokovic is bidding for his third French Open title.

☆ In a TikTok world, many wedding traditions don't stand a chance
▼ + stars: | 2023-05-27 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +9 min

The wedding industry is beginning to see the fallout of this shift away from tradition. That meant "wedding TikTok" — with its dancing groomsmen and videographers turned influencers — was the next best thing. "So it is time for us in the wedding industry to expand the definition of what a perfect day means." Adrienna McDermott spent nine years in the wedding industry before starting a marketing agency for wedding professionals called Ava and the Bee. "It really opened up my eyes for the power of TikTok," Lee said.

☆ Here’s What Happens When Your Lawyer Uses ChatGPT
▼ + stars: | 2023-05-27 | by ( Benjamin Weiser | ) www.nytimes.com time to read: +1 min

The lawsuit began like so many others: A man named Roberto Mata sued the airline Avianca, saying he was injured when a metal serving cart struck his knee during a flight to Kennedy International Airport in New York. When Avianca asked a Manhattan federal judge to toss out the case, Mr. Mata’s lawyers vehemently objected, submitting a 10-page brief that cited more than half a dozen relevant court decisions. There was Martinez v. Delta Air Lines, Zicherman v. Korean Air Lines and, of course, Varghese v. China Southern Airlines, with its learned discussion of federal law and “the tolling effect of the automatic stay on a statute of limitations.”There was just one hitch: No one — not the airline’s lawyers, not even the judge himself — could find the decisions or the quotations cited and summarized in the brief. That was because ChatGPT had invented everything. The lawyer who created the brief, Steven A. Schwartz of the firm Levidow, Levidow & Oberman, threw himself on the mercy of the court on Thursday, saying in an affidavit that he had used the artificial intelligence program to do his legal research — “a source that has revealed itself to be unreliable.”

☆ 18 Best Deals to Shop at the Container Store Memorial Day Sale
▼ + stars: | 2023-05-25 | by ( ) www.wsj.com time to read: +8 min

By Leslie YazelIt’s the age-old consumer joke: You buy things and then you have to buy more things to store those things. And while the Container Store is known for storage, the retailer sells a wide range of products. For more Memorial Day sales, see our staff picks and best deals. I used to use a terracotta disk in my brown sugar container to make it last longer without getting solidified. It is compatible with several Pop container sizes released after August 2019.

☆ Housing Market Ice Age: Fewer Sales, Higher Home Prices, Less Inventory
▼ + stars: | 2023-05-24 | by ( James Rodriguez | ) www.businessinsider.com time to read: +12 min

The result is a housing market that's fundamentally out of whack. The housing market has changed for good — and with the benefit of time-earned wisdom, we can pinpoint the moment it entered a new era. Two big things happened during the initial response to the pandemic that launched the housing market past the point of no return. Both factors have propelled competition in the housing market to new heights and made it challenging for would-be buyers to find their footing. Some aspects of the pandemic-era housing market that once seemed "odd" are increasingly becoming new norms.

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