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☆ Sotheby's: Demand for luxury assets has been resilient so far this year
▼ + stars: | 2023-07-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSotheby's: Demand for luxury assets has been resilient so far this yearJosh Pullan, Head of Sotheby's Global Luxury Division, discusses the state of luxury investments, including art, watches, and cars.

Persons: Josh Pullan Organizations: Sotheby's

☆ HGTV's Galey Alix wants to be a star. Will the spotlight crush her — or set her free?
▼ + stars: | 2023-07-25 | by ( Anna Peele | ) www.businessinsider.com time to read: +19 min

Alix is the creator and star of the HGTV show "Home in a Heartbeat With Galey Alix," which premiered in April and streams on Max. Galey Alix Gravenstein comes from a family of overachievers. Alix got to work with Jay Delgado, remaking Calloway's blank white box into a Galey Alix take on a rich person's beach house. In April 2021, Parker, who had no renovation experience, offered to help Alix with an install. He and Lauren Parker insist Alix is OK because she's able to ask people like them for help without fear.

Persons: Galey Alix, Nancy Meyers, Dale Moss, Alix, semiprivate, fiancé, Goldman Sachs, Joanna Gaines, Drew Scott, Alix gravitates, Jay Delgado, PJ Fetscher, Instagram, she's, she'll, Sonya Revell, —, It's, Goldman, I'm, Galey Alix Gravenstein, she'd, Alix didn't, Alix's fiancé, Carrie Calloway, who'd, Mac, Calloway, I'd, Lauren Parker, Parker, Delgado, Fetscher, Kay Marryshow, she's fallible, Phil, Alix's Instagram, it's, She's, Moss, of Moss, he's, Rebecca Zisser, Crystal, Anna Ruiz, Agency Gerard, Ester Gattuso, Susana Betancourt Organizations: grays, Goods, Fort, HGTV, Goldman, Target, University of Florida, Home Depot, Parker, Netflix, Crystal Cox, Agency, Agency Gerard Artists Locations: Italian, Fort Lauderdale, Max, Florida, overachievers, New York, Connecticut, fiancé's Connecticut, Westport , Connecticut, Target, Instagram, Australia, London, India , Puerto Rico, Wyoming, Orlando, peeking

☆ Rolex makes more than 123 watch models — most of them are worth more used
▼ + stars: | 2023-07-25 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

The pre-owned luxury watch market has been declining for over a year, driven largely by the top three brands. Even so, nearly three quarters of currently-made Rolex models are worth more pre-owned than new. Patek Philippe still commands the highest resale premium, though only half its models beat their retail price. Spencer Platt/Getty ImagesEighty-nine of Rolex's 123 current models included in the analysis are worth more used than new. On average, pre-owned Rolex watches cost 24% more than retail, less of a markup than pre-owned Patek Philippe, and more than that of Audemars Piguet.

Persons: Patek Philippe, Audemars, Philippe's, Rolex's, Charles Tian, Morgan Stanley, Spencer Platt, Piguet, Tian Organizations: Service, Rolex, Audemars, Oaks, Getty Locations: Wall, Silicon, New York, Swiss

☆ These Watches Can Be Fruit, Flowers, Fauna or Almost Anything at All
▼ + stars: | 2023-07-23 | by ( Kathleen Beckett | ) www.nytimes.com time to read: +1 min

We create our own path.”The OriginsThe path of form watches began at least 500 years ago. “There are records from approximately 1500 with watches made in different shapes,” said Simon Bull, a watch historian and consultant in England. “Basically, form watches start with watches in a ball shape, in a pomander shape, made in metal with piercings.”Nathalie Marielloni, vice curator at the Musée International d’Horlogerie in La Chaux-de-Fonds, Switzerland, said that, in addition to a watch, the pomander would include some perfume. There also were watches in the form of religious objects, he said. “You get watches in the shape of crosses, you get skulls, memento mori, due to the paranoia that people had about going to heaven or hell.”

Persons: “, ”, Simon Bull, Nathalie Marielloni, Timepieces, Bull, Pierre, Martin Scheult Organizations: Fonds, Metropolitan Museum of Art Locations: England, La Chaux, Switzerland, New York City

☆ Constellation Brands is in the midst of a transformation. How activist Elliott may build value
▼ + stars: | 2023-07-22 | by ( Kenneth Squire | ) www.cnbc.com time to read: +5 min

Activist Commentary: Elliott is a very successful and astute activist investor, particularly in the technology sector. Constellation Brands produces and markets beer, wine and spirits, but it's essentially a beer company with 85% of its revenue coming from beer sales. Moreover, it is not just a niche beer business anymore. First, the company has traded at a discount because of the dual-class share structure that allowed the Sands family to control Constellation. This leaves a core beer business that can now be operated without unnecessary distractions.

Persons: Elliott, William T, Giles, –, Luca Zaramella, Sands, Bill Newlands, Rob Sands, missteps, Ken Squire Organizations: Constellation, Mondelez, Constellation Brands, Modelo Especial, Anheuser, Busch, Modelo, Coors, Budweiser, Eastern Seaboard, 13D Locations: COOs, U.S, Mexicali, Mexico

☆ Tropical storm Don becomes hurricane, NHC says
▼ + stars: | 2023-07-22 | by ( ) www.reuters.com time to read: +1 min

July 22 (Reuters) - Tropical storm Don became a hurricane on Saturday, the U.S. National Hurricane Center (NHC) said in its latest advisory. Hurricane Don, which is moving in a northwest direction over the central Atlantic, is located about 775 kilometers (481.56 miles) south-southeast of Cape Race Newfoundland and packing maximum sustained winds of 75 miles per hour, the Miami-based forecaster said. Don is forecast to become a post-tropical cyclone Sunday night, NHC said, adding that steady weakening should begin Saturday night or early Sunday. The hurricane is expected to turn northeastward later tonight or early Sunday, and a northeastward to east-northeastward motion should continue until the system dissipates Monday night or early Tuesday, the forecaster said. The Miami-based forecaster did not provide any warnings or coastal watches for the hurricane.

Persons: Don, Hurricane Don, Anirudh Saligrama, Baranjot Kaur, Jason Neely, Richard Chang Organizations: U.S, National Hurricane Center, Hurricane, Cape Race, NHC, Thomson Locations: Cape, Cape Race Newfoundland, Miami, Bengaluru

☆ Tony Bennett, crooner who sang ‘I Left My Heart in San Francisco,’ dies at 96
▼ + stars: | 2023-07-21 | by ( Catherine E. Shoichet | ) edition.cnn.com time to read: +16 min

CNN —Legendary singer Tony Bennett, best known for singing “I Left My Heart in San Francisco,” has died, according to his longtime publicist, Sylvia Weiner. From Tony Bennett Bennett was discovered by Bob Hope while performing at a New York City club in 1949. In 1963, his recording of "I Left My Heart in San Francisco" won Grammy Awards for record of the year and best solo vocal performance. ABC Photo Archives/Walt Disney Television/Getty Images Bennett and San Francisco Mayor Dianne Feinstein hang onto the outside of a San Francisco cable car before taking a test ride in 1984. His performance of “I Left My Heart in San Francisco” won Grammys for best record and best male vocal performance.

Persons: Tony Bennett, “, ”, Sylvia Weiner, Bennett, Bob Hope, Frank Sinatra, Lady Gaga, ” Bennett, he’d, CNN’s Larry King, Susan Benedetto, Danny, Dae Bennett, Johanna Bennett, Antonia Bennett, Paul McCartney, Larry Busacca, Anthony Benedetto, Tony Bennett Anthony Dominick Benedetto, Hope, ‘, ’, ‘ Anthony Dominick Benedetto, ’ ” Tony Bennett, Virginia Sherwood, Anthony Dominick Benedetto, John, Mary, John Jr, Tony Bennett Bennett, Bill Randall applauds, Patricia, D'Andrea, Daegal, Pat, collie, David McLane, Sammy Davis Jr, David Redfern, Louis Armstrong, Charlie Ley, Sandra, Malcolm MacNeil, Mirrorpix, Joanna, Howard Cosell, Dianne Feinstein, Feinstein, Jeff Reinking, David Letterman, Richard Drew, Patti LaBelle, Hans Deryk, Mark J, Terrill, Elton John, Scott Gries, Madame Tussaud's, Kevork, Tim Mosenfelder, Fernando Leon, Tina Turner, Robert Redford, Julie Harris, Suzanne Farrell, Scott Suchman, Kevin Winter, Billy Joel, York's Shea, Kevin Mazur, Duke Ellington, Brendan Hoffman, Stevie Wonder, Shahar Azran, Amy Winehouse, Kevork Djansezian, Susan, Michael Loccisano, Sean Zanni, Ball, Tony, San Francisco ”, …, ’ ” Bennett, NPR’s Terry Gross, it’s, Clinton, JP Yim, you’re, “ It’s, Danny Bennett, kd, Elvis Costello, “ Tony Bennett, Jack Benny, Charlie Chaplin, Walt Disney, Gary Gershoff, –, Sinatra, Jon Bon Jovi, Bono, ” Sinatra, “ Larry King, Ella Fitzgerald, Ella, Bing Crosby, “ Cheek, Cheek, Alzheimer’s Organizations: CNN, MTV, Recording Academy, Los Angeles Convention Center, Paramount, NBCU, Bank, Getty, Facebook, Columbia Records, Bettmann, Patrick's, NY, Smithsonian, Daily, Hulton, ABC, Walt Disney Television, San Francisco, United Nations, Super, Rainforest Foundation, New York's Carnegie Hall, San Francisco Giants, Kennedy, Apollo, New York's Radio City Music Hall, American Ballet, Children's Diabetes Foundation, Children's Diabetes, Radio City Music Hall, San, Clinton Global, New York Times, New York’s High, of Industrial Art, Kennedy Center, ”, AARP, Radio City Music, CBS Locations: San Francisco, New York, Los Angeles, Astoria , New York, Greenwich Village, New York City, Cleveland, St, Manhattan, Redferns, Washington , DC, View , California, Washington, Lady

☆ 'Oppenheimer' fact v. fiction: A nuclear historian breaks down what the movie got right and wrong
▼ + stars: | 2023-07-21 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +18 min

J. Robert Oppenheimer was an immensely complex figure, and the movie's based on a biography of him. Fact: Oppenheimer mocked Strauss about isotopesJ. Robert Oppenheimer testifies before the Senate in October 1945. Fact: A big thunderstorm delayed the Trinity TestOppenheimer (Cillian Murphy) stands next to the test bomb in "Oppenheimer." If it weren't for the atomic bomb, Oppenheimer would likely be best known for bolstering theoretical physics at the University of California, Berkeley. Fiction: Oppenheimer consulted Einstein about Teller's calculations(L-R) Tom Conti as Albert Einstein and Cillian Murphy as J. Robert Oppenheimer in "Oppenheimer."

Persons: Christopher Nolan's, Oppenheimer, Robert Oppenheimer, J, Alex Wellerstein, Kai Bird, Martin Sherwin, Wellerstein, Niels Bohr wasn't, Patrick Blackett, Bird, Sherwin, Blackett, Niels Bohr, Ernest Rutherford, Bohr, Oppenheimer's, Cillian Murphy, Abraham Pais, Baudelaire, e.e, cummings, who's, Haakon Chevalier, Peter, Peter Oppenheimer, Kitty, Haakon, Barbara Chevalier, Robert, Perro, Werner Heisenberg, peppering Bohr, Heisenberg, Strauss, David Hill, Lewis Strauss, Dwight D, David Inglis, Inglis, I've, Arthur Compton, Trinity Test Oppenheimer, Jack Hubbard, Leslie Groves, Hubbard, Feynman, Richard Feynman, I'm, Groves, Robert Serber, David Bohm, Philip Morrison, Willis Lamb, Hitler, Hartland Snyder, Kip Thorne, John Wheeler, Roger Penrose, Penrose, Murphy, Trinity, there's, —, Karl T, Compton, Stimson, Henry Stimson, that's, Harry Truman, Wallenstein, Einstein, Tom Conti, Albert Einstein, Melinda Sue Gordon, Edward Teller, Hans Bethe, Enrico Fermi, Bethe, Roger Robb, He's, Teller, Stanislaw Ulam, Gordon Dean, Charlotte Serber, Charlotte Serber's, she's, Serber Organizations: Service, Manhattan Project's Los Alamos Laboratory, Stevens Institute of Technology, Cambridge, Eisenhower's, Federation of American Scientists, Time, Atomic Energy Committee, Trinity Test, Trinity, Los, University of California, Clovis, National Security Research, Manhattan Project . National Security Research, FBI Locations: Wall, Silicon, England, Leiden, Holland, New Mexico, Perro Caliente, Los Pinos , New Mexico, Germany, Nazi, Denmark, Sweden, Los Alamos, Europe, Berkeley, Poland, Amarillo , Texas, Japan, Kyoto, Alamos

☆ A Mother, Her Daughter, a Masterwork of Psychological Tension
▼ + stars: | 2023-07-21 | by ( Flynn Berry | ) www.nytimes.com time to read: +1 min

HOW TO LOVE YOUR DAUGHTER, by Hila Blum. A woman travels for thousands of miles to spy on a family at the start of “How to Love Your Daughter,” by Hila Blum. Inside are her daughter Leah and her two granddaughters, but they don’t know she is outside: Yoella hasn’t seen Leah in years and has never met her granddaughters. For six years, Leah has made sporadic calls to her mother from around the world, “from Dharamsala, Bangalore, Hanoi, Chiang Mai. She puts herself on trial as a mother, summoning witnesses, poring over the evidence, searching for a crime.

Persons: Hila Blum, Daniella Zamir, Yoella, Leah, Yoella hasn’t, Chiang Mai, “, poring Locations: Dharamsala, Bangalore, Hanoi, Netherlands

A dog named BradleyThe armored fighting vehicles are so admired by Ukrainian soldiers that running around Kach’s team’s camp barking is “Bradley” – the brigade press officer’s 6-month-old rescue puppy. Russian artillery started to pick off the vehicles sent out to de-mine the area. The 47th ran into trouble very quickly trying to pierce the Russian line in their newly acquired armor. Outside loud booms from Ukrainian artillery cannons sweep across the heavily damaged and now largely empty town. They have more guns, they have more shells and they have more people so we must counter that with our … professionalism.”These days, that means the slow grind of the exposed troops fighting from trench to trench, assaulting tree line to tree line under heavy fire.

Persons: Ukraine CNN —, ”, “, Kach, Bradley, “ Bradley ” –, Seb Shukla, “ It’s, Rob Lee, ” Lee, Tral, Stanislav, ” Stanislav Organizations: Ukraine CNN, Bradley, CNN, 47th Mechanized Brigade, US, Foreign Policy Research Institute, ” Locations: Ukraine, Ukrainian, Russia, Kharkiv, American, Germany, Kach’s, Crimea, Donbas, Azov, German, “, Russian

"The luxury industry seems to be outperforming the consumer market as a whole in China, but you know, really, almost everyone you speak to, there's a level of uncertainty," said Agility's managing director Amrita Banta. "There's a level of not feeling entirely comfortable with their future economic position that is really affecting almost everybody in China." Those factors disproportionately affect "aspirational" luxury customers who can easily live without another Gucci bag or $900 pair of sneakers. In China, luxury consumers are younger than in the rest of the world with an average age of 28, according to BCG - something companies had seen as positive for future growth. "In the trends that I'm seeing in the U.S. and also in China, more aspirational younger consumers are feeling more of a pain," Morningstar senior equity analyst Jelena Sokolova said.

Persons: Richemont, splurge, Morgan Stanley, Hermes, Chanel, Amrita Banta, Dior, Balenciaga, Gucci, Jelena Sokolova, HSBC's Erwan, Rambourg, Casey Hall, Mimosa Spencer, Catherine Evans Organizations: Cartier, Citigroup, Richemont, Citi, LVMH, Bain, Morningstar, Thomson Locations: SHANGHAI, PARIS, China, North America, Wuhan, Zhengzhou, Charlotte, Nashville, Swiss, Americas, Asia, United States, luxury's, U.S, Japan

☆ Factbox: From Hawaii to Kentucky, a mix of severe weather
▼ + stars: | 2023-07-19 | by ( Brendan O'Brien | ) www.reuters.com time to read: +4 min

REUTERS/Adrees LatifJuly 19 (Reuters) - Severe weather disrupted parts of the United States on Wednesday, with a tropical storm skirting Hawaii, thunderstorms knocking out power in Kentucky and Tennessee and a relentless heat wave stubbornly parked over the Southwest. The zone of extreme heat could expand into the northern Plains and Midwest beginning the middle of next week, the weather service said. TROPICAL STORM, POWER OUTAGESIn the Hawaiian Islands, Tropical Storm Calvin lashed the Big Island on Wednesday with strong winds and heavy downpours as it slowly passed south of the Pacific archipelago. Hawaii Governor Josh Green declared a state of emergency, closing all state offices and schools in anticipation of the storm. New York, the most populous city in the United States, was listed on Wednesday morning as No.

Persons: Olivia, Evelyn Black, Adrees Latif, Storm Calvin, Josh Green, Brendan O'Brien, Jonathan Oatis Organizations: REUTERS, National Weather Service, Texas Tribune, Austin, Texas Department, Criminal, Thomson Locations: Fountains, Discovery, Houston , Texas, U.S, United States, Hawaii, Kentucky, Tennessee, Canada, Southern California, San Bernardino , California, Phoenix, San Antonio , Texas, Midwest, TEXAS, Texas, Austin, Hawaiian, Virginia, Carolinas, East Coast, New York, Chicago

☆ Advocates hoping for domestic dividend from Women's World Cup
▼ + stars: | 2023-07-19 | by ( Lori Ewing | ) www.reuters.com time to read: +5 min

"Us advocates can talk about the value of women's sport, how you should sponsor it and support women's football etc, (but) until people feel it, they really don't know what's in it. Olympic champions Canada will not launch the country's first women's pro league until 2028 but they are still hoping the World Cup will help. 'DO OR DIE'Kara Nortman, a venture capitalist and co-founder of National Women's Soccer League (NWSL) team Angel City FC, knows well what impact the Women's World Cup can have on domestic football. Despite the strength of the United States team, the NWSL was on shaky ground in the lead-up to the 2019 World Cup. "I felt this immense amount of stress and pressure around the 2019 World Cup," Nortman said.

Persons: Rebecca Sowden, Chloe Kelly, tugging, it's, Sowden, Sophie Schmidt, Diana Matheson, It's, Matheson, Kara Nortman, Nortman, Natalie Portman, Oscar, Australia's, Hayley Raso, Lori Ewing, Nick Mulvenney, Peter Rutherford Organizations: SYDNEY, Wembley, England European, FIFA, Football Ferns, Olympic, Canada, Canadian Press, National Women's Soccer League, Angel City FC, United States, E Networks, Heineken, Australia, Manchester City, Guardian, Thomson Locations: France, Canada, Toronto, Vancouver, Calgary, Los Angeles, Wellington Phoenix, Europe, England, Australia

☆ North Korea fires two missiles after U.S. submarine arrives in South Korea
▼ + stars: | 2023-07-19 | by ( ) www.cnbc.com time to read: +1 min

A man watches a television news screen showing a picture of North Korea's recent test-firing of a Hwasong-17 intercontinental ballistic missile (ICBM), at a railway station in Seoul on March 17, 2023. North Korea launched two ballistic missiles eastward early on Wednesday, Japan's and South Korea's militaries said, just hours after a U.S. ballistic missile submarine arrived in a South Korean port for the first time in four decades. Both of the missiles appeared to have fallen outside Japan's exclusive economic zone, the Japanese Defense Ministry said. South Korea's Joint Chiefs of Staff, or JCS, called on the North to cease such launches. The U.S. military said it was aware of the missile launches and was consulting closely with its allies and partners.

Organizations: Japanese Defense Ministry, Korea's, Chiefs of Staff, Pacific Command Locations: Seoul, North Korea, Japan's, South, Korean, U.S, United States

HONG KONG, July 18 (Reuters) - China's CITIC Securities (600030.SS) plans to move dozens of bankers from its offshore platform CLSA in Hong Kong to the mainland to cut costs and meet Beijing's call to bridge income inequality in the financial sector, people with knowledge of the matter said. The move comes weeks after CITIC cut pay across its investment banking division, lowering base salaries of mainland-based bankers by up to 15%. The move would result in a 25% to 50% base salary reduction because dealmakers in Hong Kong are normally offered higher pay than mainland peers, according to the second person. Wall Street banks such as Goldman Sachs (GS.N), JPMorgan (JPM.N) and Morgan Stanley (MS.N) have cut some investment banking jobs in China over the last 12 months. ($1 = 7.1729 Chinese yuan renminbi)Reporting by Selena Li and Xie Yu in Hong Kong; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: CITIC, Goldman Sachs, Morgan Stanley, Selena Li, Xie Yu, Jamie Freed Organizations: CITIC Securities, CLSA's, Bankers, JPMorgan, Australian, Thomson Locations: HONG KONG, Hong Kong, China, CLSA's China, Beijing, Canadian

☆ Tropical Storm Calvin threatens to bring heavy rainfall and dangerous coastal surf to the Hawaiian islands
▼ + stars: | 2023-07-18 | by ( Taylor Ward | ) edition.cnn.com time to read: +1 min

CNN —Hawaii’s Big Island is under a tropical storm warning as Tropical Storm Calvin is forecast to pass over or just south of the island, threatening to bring dangerous coastal surf, heavy rain and gusty winds to the area, according to the National Hurricane Center. Calvin is expected to remain a weak tropical storm as it swiftly presses westward and passes by the state. The heavy rainfall poses the most significant threat, prompting flood watches for the islands of Maui, Molokai, Lanai, Kahoolawe and the Big Island from Tuesday evening through Wednesday afternoon. Heavy rain and isolated thunderstorms will reach the Big Island by Tuesday evening, and continue through the night. Flash flooding is the primary threat, especially for Big Island.

Persons: CNN —, Storm Calvin, Calvin Organizations: CNN, National Hurricane Center, National Weather Service, Big Locations: Hilo, Maui, Molokai, Lanai, Honolulu

☆ Luxury tests limits of its immunity to downturns
▼ + stars: | 2023-07-17 | by ( ) www.reuters.com time to read: +2 min

LONDON, July 17 (Reuters Breakingviews) - Compagnie Financiere Richemont (CFR.S) is testing the limits of luxury’s immunity to downturns. Shares of other big luxury players, including $236 billion Hermes International (HRMS.PA) and $502 billion LVMH (LVMH.PA), also fell 4.2% and 3.7% respectively. The top 5% of wealthiest shoppers who are probably less sensitive to inflation drove around 40% of global luxury sales last year, according to Boston Consulting Group. Shares in the European luxury sector are on average up 69% since the start of the pandemic in 2020. Meanwhile, revenue in Asia, which makes up 40% of Richemont's revenue, grew 40% year-on-year in the last quarter.

Persons: Cartier, U.S . downer, Karen Kwok, George Hay, Sharon Lam Organizations: Reuters, Financiere, Hermes, Boston Consulting, Citi, U.S ., Twitter, Cathay, Thomson Locations: Asia

☆ Here are Monday's biggest analyst calls: Apple, Pepsi, Yelp, Chewy, Netflix, Nvidia, Tesla, Meta and more
▼ + stars: | 2023-07-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

"We are initiating coverage with an ONON with an Outperform rating and $38 price target. Citi opens a positive catalyst watch on Valvoline Citi opened a positive catalyst watch on Valvoline and says it has robust fundamentals. "We open a 30-day upside catalyst watch based on strong fundamentals and the stock's relative under-performance post completion of the Dutch tender offer on 6/8." Citi opens a positive catalyst watch on Bank of New York Mellon Citi opened a positive catalyst watch on the investment bank ahead of earnings Tuesday. Morgan Stanley reiterates Apple as overweight Morgan Stanley raised its price target on Apple to $220 from $190 and says India is the company's "next frontier."

Persons: TD Cowen, Cowen, Goldman Sachs, it's, Wells, Tesla, Wells Fargo, Morgan Stanley, Apple, Morgan Stanley downgrades Conagra, Morgan Stanley downgrades Pepsi, Raymond James downgrades, Raymond James, Bernstein, Aramark, Oppenheimer Organizations: Citi downgrades AT, Citi, Valvoline Citi, Bank of New York Mellon Citi, BK, Nvidia, Deutsche Bank, Netflix, Baidu, Apple, Pepsi, Barclays, LT, JPMorgan, Bank of America, Zynga, NXP Semiconductors, Intel Citi, Intel, AMD, Meta, Suisse, Arista Networks, ISI Locations: eCommerce, China, India, Apple India

☆ Swiss watchmaker Swatch sues Malaysia for seizure of Pride watches
▼ + stars: | 2023-07-17 | by ( ) www.reuters.com time to read: +3 min

In May, Malaysian authorities confiscated watches from Swatch's 'Pride collection' because of the presence of the letters 'LGBTQ' on the watches, the home minister said. Home ministry officials "illegally" seized 172 watches from 16 outlets, Swatch said in court documents seen by Reuters. The seizure notices served to Swatch described the watches as having elements of or promoting LGBTQ rights and potentially breaching Malaysian law, the company said. Most of the seized watches, which have a combined retail value of 64,795 ringgit ($14,250.05), did not contain the 'LGBTQ' lettering, Swatch said. He has also said LGBT rights will not be recognised by his administration.

Persons: Swatch's, Anwar Ibrahim's, Anwar, Rozanna, John Revill, Kanupriya Kapoor, Bernadette Baum Organizations: Swatch, Malaysian, Reuters, Malay Mail, Swatch Group, Malaysia, Thomson Locations: KUALA LUMPUR, Swiss, Malaysia, Kuala Lumpur, Malaysian, Zurich

☆ One family may have to travel 185 miles to Chicago to get gender-affirming care after Indiana banned treatment for trans minors
▼ + stars: | 2023-07-15 | by ( Arleigh Rodgers | Michael Goldberg | Associated Press | ) www.businessinsider.com time to read: +10 min

An expert said trans kids need what all young people need: "to feel included and part of a family." The following afternoon, Flower and Jennilyn Nichols would see a doctor at the University of Chicago to learn whether they could keep Flower, 11, on puberty blockers. At least 20 states have enacted laws restricting or banning gender-affirming care for trans minors, though several are embroiled in legal challenges. Flower Nichols hugs her mom, Jennilyn Nichols, as they watch the Pride Parade, Saturday, June 10, 2023, in Indianapolis. Flower Nichols, middle, watches the Pride Parade with her parents Kris and Jennilyn Nichols, Saturday, June 10, 2023, in Indianapolis.

Persons: Flower Nichols, Jennilyn Nichols, Eric Holcomb, Darron Cummings Jennilyn Nichols, Nichols, Parker, Kris, Darron Cummings, Robert Marx, Marx, Krisztina Inskeep, Inskeep, Indiana University's Riley, Flower, Jennilyn, —, Teresa Crawford, She's, ___ Arleigh Rodgers, Michael Goldberg, Rodgers, Goldberg Organizations: Indiana, Service, University of Chicago, Republican Gov, AP, of Science, Industry, Republican, San José State University, Indiana University's Riley Children's Hospital, Hoosier, Red, Indiana Statehouse, Scout, Chicago's Museum of Science and, Associated Press, America Statehouse News Initiative, America Locations: Indianapolis, Chicago, Wall, Silicon, Indiana, Indiana , Mississippi, babysit, brightened, Chicago's, Jackson

Here are the meanings of the least-found words that were used in (mostly) recent Times articles. 1. hortatory — aiming to urge or encourage:“Comedy Punks” is in some ways a typical hortatory rise-and-fall-and-rise promotional narrative. — The Kids in the Hall Have Gotten Old. It was “Godwhacker,” from the band’s 2003 album, “Everything Must Go” (Reprise), and the lyrics blithely gestured toward a tale of vengeance, pursuit and, well, deicide. The problem usually starts about halfway through a pregnancy, though it can also occur after childbirth.

Persons: hortatory —, hamate, Andrew Benintendi, Yankees ’, Oswaldo Cabrera, tacet, Marina Abramovic, Igor Levit’s, ‘ Goldberg, deicide, Steely Dan uncorked, eidetic, Avery, — Stacey Abrams’s, diffidence, Deneen, dietetic, Vanessa Rissetto, —, Dionysus Organizations: Yankees, Beacon, New York University, Giants Locations: United States, Northeast, Stockholm

☆ The sun’s activity is peaking sooner than expected
▼ + stars: | 2023-07-14 | by ( Ashley Strickland | ) edition.cnn.com time to read: +11 min

Every 11 years or so, the sun experiences periods of low and high solar activity, which is associated with the amount of sunspots on its surface. Over the course of a solar cycle, the sun will transition from a calm to an intense and active period. During the peak of activity, called solar maximum, the sun’s magnetic poles flip. A solar activity spikeThe current solar cycle, known as Solar Cycle 25, has been full of activity, more so than expected. The solar storms generated by the sun can affect electric power grids, GPS and aviation, and satellites in low-Earth orbit.

Persons: ”, Mark Miesch, “, Alex Young, ” Miesch, Scott McIntosh, Robert Leamon, Leamon, Miesch, Young, auroras, Bill Murtagh, ” Murtagh, NASA’s Parker, “ We’ve Organizations: CNN, National Oceanic, Prediction, NASA's Solar Dynamics, NASA, SpaceX, Heliophysics, Goddard Space Flight, GPS, National Center for Atmospheric Research, Goddard Planetary Heliophysics, University of Maryland, College Park, American University, Dynamics, Geological Survey, Probe Locations: Boulder , Colorado, Greenbelt , Maryland, Baltimore County, New Mexico , Missouri, North Carolina, California, United States, England, United Kingdom, Alaska, Canada, Iceland, Norway, Scandinavia, Michigan, Upper Midwest, Pacific, Quebec

Mr. Couverthier’s old boss told him the previous super at a building on West 72nd Street was retiring after almost 30 years. The previous super didn’t live in the building full-time, but Mr. Couverthier knew he didn’t only want a full-time job, he wanted to build a home. Since then, his job has been a to-do list that never ends, filled with routine maintenance and the unexpected: A call is a crack on the fifth floor. He usually sends voice notes of incomplete tasks to Ms. Diaz as a way to save them in his phone. Sometimes he writes them on a whiteboard calendar, but mostly, he writes his daily to-do list on his left hand, as he drinks his morning coffee and watches ESPN.

Persons: Ismael Bonilla, Mr, Diaz, Couverthier, didn’t Organizations: New, Riverside Park, ESPN Locations: New York City, Central

☆ The 101 Best Amazon Prime Day Deals 2023
▼ + stars: | 2023-07-12 | by ( Nick Guy | ) www.wsj.com time to read: +5 min

We’ll be updating this page frequently over the course of Prime Day, so be sure to come back often to see what’s new. They’ll be coming and going throughout Prime Day, and we’ll regularly be updating this section with our favorites as they’re available. Thankfully, third-party retailers including Amazon have no such qualms, and we’re seeing plenty of deals for Prime Day. KitchenMake meal prep more enjoyable from your morning cup of coffee to your after-dinner tipple with these Prime Day deals. Check out these beauty buys on sale for Prime Day and as well as discounted fashion finds recommended by the team at the New York Post.

Persons: Nick Guy, They’ll, we’ll, We’ve, Smart, fryer Organizations: Apple, Apple Apple, Amazon, Tech, VR, New York

[1/3] Carlos Sandoval and other construction workers work in temperatures that were over 100 degrees F (37 degrees C) as they install new sidewalk infrastructure in downtown Palm Springs, California, U.S. July 11, 2022. In Phoenix, Arizona, the high was expected to reach above 110 F (43 C) for the 13th successive day on Wednesday. "Just stay inside man, just stay in side," Materniak said as his advice for dealing with the heat. Phoenix residents were under "extreme heat risk, (an) increase in heat related illnesses, including heat cramps, heat exhaustion, and heat stroke," the service warned. That air blocks cooler air and storm systems from rolling through the area, so it's "just full sun and heat," he said.

Persons: Carlos Sandoval, Jay Calderon, Drew Materniak, Materniak, Ashton Robinson Cook, Cook, Brendan O'Brien, Rich McKay, Jonathan Oatis, Bill Berkrot Organizations: USA, Network, REUTERS, National Weather Service, Prediction, Twitter, Facebook, Thomson Locations: Palm Springs , California, U.S, Southern California, South Florida, Vermont, Las Vegas, Phoenix , Arizona, Phoenix, American, In Texas, Texas, Los Angeles County, VERMONT, Montpelier, Vermont's, Chicago, Atlanta

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