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☆ Reaction: June US jobs growth cools, but wages won't comfort Fed
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +6 min

Nonfarm payrolls increased by 209,000 jobs last month, the Labor Department said on Friday. "Today's numbers confirm the job market is still strong... and this report gives the green light to the Fed to raise rates. "If anything, it probably confirms this idea that the Fed has had that they are making progress in the right direction." "It's not like this is a sudden vast improvement in the labor market." The hours worked numbers are rising slower than the payrolls numbers.

Persons: Nonfarm, payrolls, CANDICE, GOLDMAN, BEN JEFFERY, “, PETER CARDILLO, we're, STUART COLE, JASON PRIDE, MICHAEL BROWN, ”, ” BRIAN JACOBSEN, MENOMONEE Organizations: YORK, Labor Department, Reuters, Treasury, BMO, NFP, Fed, Global Finance, Markets, Thomson Locations: GOLDMAN SACHS, PHILADELPHIA, WISCONSIN

☆ ‘And Just Like That …’ Style Recap: Dressing Your Age
▼ + stars: | 2023-07-06 | by ( The Styles Desk | ) www.nytimes.com time to read: +1 min

This article contains spoilers for Episode 4 of the second season of “And Just Like That …”“Women our age are grossly underrepresented in the media,” says Enid Frick (Candice Bergen), a former Vogue editor recently given the boot by Condé Nast, in the latest episode of “And Just Like That …” She’s explaining the need for a new online magazine that’s “focused on women our age.”For Carrie (Sarah Jessica Parker), the pitch’s wincing recipient, being demographically lumped in with her onetime editor touches off a minor identity crisis — one that raises interesting questions about aging, maturity, confidence and how we present ourselves to the world. (As Gloria Steinem muses from a staircase: “Maybe the new frontier is aging.”)Of course, this being the “Sex and the City” cinematic universe, the clothes tell the story. Ahead of Episode 4, members of The New York Times’s Styles desk got together to dissect the fashion on display, and its significance. Vanessa Friedman I actually thought this was a relatively toned-down episode, as far as fashion statements went, though I still can’t get Lisa Todd Wexley dropping off her children for camp in a Louis Vuitton-branded bomber jacket and scarf out of my mind.

Persons: ”, Enid Frick, Candice Bergen, Condé Nast, “, Carrie, Sarah Jessica Parker, Gloria Steinem, Times’s Styles, Vanessa Friedman, Lisa Todd Wexley, Louis Organizations: Vogue, The, Louis Vuitton

Hong Kong CNN —Police in China have detained a college graduate suspected of stealing university data to create a website rating the attractiveness of his fellow students. The 25-year-old, identified by police by his surname Ma, is a graduate of the prestigious Renmin University in Beijing, according to a police statement on Monday. Multiple online posts over the weekend accused him of stealing the personal information of students from the university’s database while he was studying there. The posts alleged that Ma used the data to create a website that rates the physical appearance of both undergraduate and graduate students. On Sunday, Renmin University said in a statement it had contacted the police and was cooperating with them to look into the incident.

Persons: Ma, Renmin, China’s, Mark Zuckerberg, Zuckerberg Organizations: Hong Kong CNN — Police, Renmin University, China’s Twitter, Facebook, Harvard, Police, China, Weekly Locations: Hong Kong, China, Beijing, Weibo, Harvard, Beijing’s Haidian

Liang took the grueling two-day exam, known as the “gaokao,” in early June alongside nearly 13 million students nationwide. Students’ exam results are their only criteria for college admission – and most candidates only get one shot, with the test happening once a year. “It may be a little difficult if I want to go to a good university this year,” he said in the video. He’d even accepted that Sichuan University might be out of reach, deciding to attend any “key university” that would accept him. Ahead of this year’s test, many students visited temples to light incense and pray for good results.

Persons: Liang Shi, Liang, ”, he’s, “ I’m, livestream, “, He’d, master’s Organizations: Hong Kong CNN, Sichuan University, China Daily Locations: Hong Kong, ”, Sichuan, China, Nanjing

Hong Kong CNN —Hundreds of mourners attended a funeral on Sunday for a Hong Kong model whose grisly death earlier this year shocked the city, with floral tributes flowing in from loved ones, friends and celebrities alike. Abby Choi, a 28-year-old mother of four, went missing in late February until parts of her dismembered body were found by police in a rural village house. Hundreds of people dressed in black lined up outside the Po Fook Memorial Hall in a quiet suburb of Hong Kong just a dozen miles south of where her remains were found. Among those present at the funeral was her late husband Chris Tam, whose family founded a popular noodle chain in the city. Two others have been charged with assisting the ex-husband’s effort to escape, though they have been released on bail.

Persons: Abby Choi, Tok, Choi, Choi –, Chris Tam, Tam, Marie, Paola Bertrand, Hillion, Aaron Kwok, Hong, Alex Kwong, Anthony, Kwong Kau, Alex Kwong’s, Jenny Li Organizations: Hong Kong CNN Locations: Hong Kong, Paris, Choi’s

Videos posted on the young influencer’s account showing her running and weight-lifting were shared heavily on Chinese social media and also appeared in various state media outlets following her death late last month. State media outlets said that the influencer’s family had received “compensation” from the weight loss camp in Shaanxi, but did not say how much. In China, as in much of Asia and the rest of the world, social media is awash with unhealthy and unrealistic trends promoting extreme weight loss. One notorious recent social media trend in China involved women posing behind vertical sheets of printer paper to prove their waists were so thin they could not be seen either side. Zhou’s death has also increased scrutiny of the social media influencer industry more generally.

Persons: Cuihua, Zhou –, ”, Zhou’s Organizations: Hong Kong CNN, China National Radio, CNN, China News Service, Television Administration, Ministry of Culture, Global, Weibo Locations: Hong Kong, China, Shaanxi, Shaanxi province, Asia, Tourism

☆ Goldman's Candice Tse says investors need to rethink their portfolio construction
▼ + stars: | 2023-06-16 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoldman's Candice Tse says investors need to rethink their portfolio constructionCandice Tse, Goldman Sachs Asset Management managing director, speaks with CNBC from the Financial Advisor Summit.

Persons: Candice Tse, Goldman Organizations: Asset Management, CNBC, Financial, Summit

“Messi” soon became the top trending topic on Chinese social media platform Weibo, while video footage showed hundreds of fans swarming the team’s hotel entrance in the hope of catching a glimpse of their idol. Argentina’s pre-match training session was delayed for safety reasons Sunday after “outrageously passionate” fans made it impossible for the team to leave their hotel, Global Times reported, citing game organizers. One fan was so eager to meet Messi that he spent 10,000 yuan ($1,400) on rooms at multiple Beijing luxury hotels in the hope of seeing the star, Global TImes said. AFA/Handout/ReutersSeveral unofficial Weibo accounts also claimed to offer VIP stadium passes, front-row seats for the game and autographed Argentina jerseys at inflated prices. Argentina will next travel to Jakarta for a friendly against Indonesia on June 19, though it is unclear if Messi will join the squad for that game.

Persons: Hong Kong CNN — Lionel Messi, scammers, “ Messi, ” Messi, “ Messi ”, Argentina’s, “, Messi, ” Argentina's Lionel Messi, d’Or, Germain Organizations: Hong Kong CNN, Australia, Weibo, Global Times, Workers, Beijing, AFA, Reuters, Messi, Barcelona, Major League Soccer, Inter Miami, Paris Saint, Indonesia Locations: Hong Kong, Argentina, Beijing, China, United States, Jakarta

CNN —For nearly 13 million high school students across China, Wednesday marks a day that could make or break their plans for college and the increasingly competitive job market beyond. A high score in the two-day “gaokao” college entrance exam is the only way to get into the country’s top universities, and most Chinese students only get one shot at the grueling test, unlike US students who can take the SAT several times. A user on Douyin, China’s version of TikTok, recalled taking the gaokao in 2000 when there were only about 3.75 million other test takers. The urban unemployment rate for 16- to 24-year-olds hit a record high of 20.4% in April, according to data released by the National Bureau of Statistics. And the rate could increase further, as a record 11.6 million college students are set to graduate this year.

Persons: gaokao, ”, TikTok, Fu Linghui, Xi Jinping’s Organizations: CNN, Getty, Authorities, Times, National Bureau of Statistics, NBS Locations: China, Shenyang, honking

Hong Kong/Seoul CNN —“The Little Mermaid” has bombed with moviegoers in China and South Korea amid racist critiques in some quarters over the casting of Black actress Halle Bailey as main character Ariel. Disney’s live-action remake has made only $3.6 million in mainland China since opening there on May 26, according to Box Office Mojo. In South Korea, “The Little Mermaid” has grossed $4.4 million since May 24. Halle Bailey in 'The Little Mermaid.' Ariel and Prince Eric in a scene from 'The Little Mermaid.'

Persons: Halle Bailey, Ariel, Disney’s, Bailey, “, ”, Rob Marshall, ‘ Let’s, ’, Fans, Prince Eric, Maleficent ’, Paul Dergarabedian Organizations: Seoul CNN —, Office, Korean Film Council, Global Times, Disney, Hollywood, Halle, United, Comscore Locations: Hong Kong, Seoul, China, South Korea, United States, Comscore, ”, Japan, Philippines, Indonesia, Italy, Germany, United Kingdom, Australia, Brazil, Mexico, Singapore, Finland, United Arab Emirates

☆ Jane Fonda says director asked to sleep with her before filming sex scene
▼ + stars: | 2023-05-19 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +3 min

“Was it a sloppy pass?” asked Andy Cohen, host of the show. “It was a beautiful moonlit night,” said Fonda, who described him as having been “skinny.”Garbo had dived into freezing cold water, Fonda recalled. As his first question, Cohen asked which of those nominations she felt was “most deserving” of the title. She chose the 1982 movie “On Golden Pond,” in which she starred alongside her father, Henry Fonda. Finally, Cohen asked: “After your decades working in the entertainment industry, who do you think is the biggest misogynist in Hollywood?”“Oh my God,” Fonda replied in mock horror.

☆ ‘Book Club: The Next Chapter’ Review: Cinema Pinot Grigio
▼ + stars: | 2023-05-11 | by ( Amy Nicholson | ) www.nytimes.com time to read: +1 min

The 2018 comedy “Book Club” had a simple, sturdy spine of a plot: Four longtime friends (Diane Keaton, Jane Fonda, Candice Bergen and Mary Steenburgen) power up their sexual prowess while panting over — and mocking — the best seller “Fifty Shades of Grey.” At some point during the brainstorming of “Book Club‌: The Next Chapter,” the returning director Bill Holderman and his co-screenwriter Erin Simms must have decided they could ditch the book gimmick. With a cast this beloved, who cares what they’re reading? This sequel opens with a formal quote from “The Alchemist” and, when pressed, mutters about how its author Paulo Coelho embraces fate. But that’s just a spaghetti-thin excuse to send the pals on a frenetic adventure through Italy with no time to crack open a paperback. Our close familiarity with the cast is the sole thing giving this fluff a sheen of emotional weight.

☆ YouTuber Casey Neistat let ChatGPT direct and write one of his vlogs: 'That was the worst video I've ever made'
▼ + stars: | 2023-04-17 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +4 min

YouTuber Casey Neistat, popular for vlogging about his NYC life, asked ChatGPT to write him a script. Neistat asked GPT-4 to write a vlog that takes place in downtown Manhattan, and includes his wife. YouTuber Casey Neistat asked the latest version of ChatGPT to write a script for his latest vlog, and the resulting dry dialogue is unintentionally hilarious. Neistat asked GPT-4, which is available via OpenAI's ChatGPT Plus, to write a three to four minute video that includes dialogue and a shot list for downtown Manhattan in the daytime. "Let's take a quick look inside Brookfield Place, one of my favorite spots in downtown Manhattan," Neistat reads, while shaking his head in disagreement.

☆ Collapse of SVB, Signature Bank Tests the FDIC’s Executive Reserve Corps
▼ + stars: | 2023-04-11 | by ( Candice Choi | Ben Eisen | ) www.wsj.com time to read: 1 min

Tim Mayopoulos was squashed into a middle seat in coach on his flight to San Francisco, the only one available when he booked that afternoon. The Wi-Fi wasn’t working, so he pulled out a notepad to jot down what he would say to employees when he started his new job as chief executive of the failed Silicon Valley Bank the next morning.

Sentencing Commission approved new guidelines on Wednesday that will expand federal inmates' ability to qualify for compassionate release from prison. The First Step Act, signed into law by former President Donald Trump in 2018, expanded compassionate release criteria for sick and elderly federal inmates. Requests for compassionate release then surged during the COVID-19 pandemic, with 7,014 motions filed in fiscal year 2020. The new compassionate release guidelines approved on Wednesday expanded the criteria for what can qualify as "extraordinary and compelling reasons" to grant compassionate release, and it will give judges more discretion to determine when a sentence reduction is warranted. Among the new categories that could make an inmate eligible for compassionate release is if he or she becomes the victim of sexual assault by a corrections officer.

☆ Veteran of FDIC Takeover Tells What It’s Like to Run a Failed Bank
▼ + stars: | 2023-03-25 | by ( Candice Choi | ) www.wsj.com time to read: 1 min

John Bovenzi is part of the small club of people who have run a failed U.S. bank, a group whose membership expanded by two this month when regulators swooped in to take over Silicon Valley Bank and Signature Bank. In 2008, Mr. Bovenzi, a longtime Federal Deposit Insurance Corp. staffer, took the helm at the failed mortgage lender IndyMac. What he discovered, and what likely faces executives running the latest failed banks: Deposits flood out, but few come in. The employees who haven’t left are looking for other jobs. It is possible some of the remaining higher-ups are responsible for what went wrong—and might even be questioned by law-enforcement officials.

☆ The Family Office Investor: Salsano Group Chair on balanced portfolios
▼ + stars: | 2023-03-16 | 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 EmailThe Family Office Investor: Salsano Group Chair on making a well-balanced portfolioCNBC's Robert Frank sits down for an interview with Salsano Group Chairman Candice Beaumont on how her family office is managing its portfolio.

☆ Candice Beaumont of $1.5 billion family office says 'worst is yet to come' for stocks, real-estate
▼ + stars: | 2023-03-16 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

Stocks and real-estate face the end of a nearly 20-year bull run and many family investors are poorly prepared for the "tough times ahead," said Candice Beaumont, chairman of the Salsano Group family office. Beaumont, who oversees more than $1.5 billion in assets from Miami, said surging interest rates are setting the stage for a prolonged correction in stocks, office real-estate and sectors of private equity. Like many family offices, Beaumont said she is holding "significant" amounts of cash to prepare for possible distressed sales — especially in real-estate. Family offices, like many large investors, are struggling to navigate the new financial landscape of higher interest rates. That's the best example of why family offices need diversification."

☆ Crypto Layoffs and Bankruptcies in 2023: Here’s the List to Watch
▼ + stars: | 2023-02-16 | by ( Candice Choi | ) www.wsj.com time to read: 1 min

The crisis roiling the crypto industry has continued to spread to a number of companies since the run on the stablecoin terraUSD last spring. Many of the biggest crypto lenders have fallen following customer withdrawals, risky practices and lack of regulation. The bankruptcy filings, in particular, have underscored how intertwined many of the industry players were.

☆ Analysis: Investors seek uncorrelated assets on worries volatility will return
▼ + stars: | 2023-02-10 | by ( Laura Matthews | ) www.reuters.com time to read: +5 min

Yet some market participants are convinced the Federal Reserve’s fight against inflation will keep markets volatile and are allocating funds to so-called alternative investments. Those types of returns are not typical, however, and the performance of CTAs has been more muted in less volatile markets. Private markets raised $216.9 billion in 2022, putting assets at $1.4 trillion as at June 2022, from $311 billion in 2010, according to data provider Preqin. A 2023 study from State Street found that 68% of investors plan to increase their allocation to private markets in the next two to three years. "In that environment, stocks and bonds are likely to be more correlated."

☆ Crypto Crisis: A Timeline of Key Events
▼ + stars: | 2023-02-04 | by ( Candice Choi | ) www.wsj.com time to read: 1 min

The crisis roiling the crypto industry captured public attention with the remarkable collapse of FTX this past November and the arrest soon after of the exchange’s founder, Sam Bankman-Fried . But the industry’s troubles began months before—and has continued to spread since. Below is a look at the key dates in the crisis.

☆ Nikole Hannah-Jones makes a case for reparations with ‘The 1619 Project’ series
▼ + stars: | 2023-01-26 | by ( Candice Williams | ) www.nbcnews.com time to read: +7 min

The fight for reparations has been going on for centuries in federal and state governments. “I don’t think there’s anything else that can be done besides a federal program, direct payments to Black American descendants of U.S. slavery,” Darity said. “Every time there is a local or state reparations bill that’s moving forward, it just further legitimizes the larger federal effort,” she said. “So I definitely am an advocate of both.”The subject of state reparations and the return of land are discussed in the series, along with the idea that reparations should be more than just a cash payout. If the federal government were to ever issue reparations, Darity surmised that Black Americans might begin to feel a sense of equality.

☆ Kim Kardashian's Skims campaign with 'The White Lotus' breakout stars shows the power of pop culture in marketing
▼ + stars: | 2023-01-24 | by ( Alexandra York | ) www.businessinsider.com time to read: +4 min

Kim Kardashian's shapewear brand, Skims, launched a campaign with stars of "The White Lotus." Watson added that with this campaign, Skims is leveraging characters who are both relatable and aspirational to evoke that perception of the products. Here's why the latest Skims campaign works and what other business owners can learn for their brand marketing, according to Watson. For fans of 'The White Lotus,' we feel this source of pride, like 'here's our friend getting a platform.'" "You're not going to be able to emulate the reach of Kim Kardashian overnight," he said.

☆ I'm a teacher who works at Starbucks for no salary just to cover my medical expenses
▼ + stars: | 2023-01-15 | by ( Alicia Gonzalez | ) www.businessinsider.com time to read: +6 min

She had considered joining the Air Force, but returned to school instead to become a teacher. At Starbucks, her medical plan costs more than she makes, but she said it's worth it. I commuted for almost a year, then was finally able to transfer to the Starbucks three minutes from my house. My paychecks are $0.00My Starbucks income doesn't cover the full monthly cost of their premium insurance plan — but it's worth it. Starbucks won't make employees pay the remainder of a monthly premium even if their paycheck doesn't cover it.

☆ College admission scandal mastermind says he now lives in a trailer park and can't get a job because of the scheme
▼ + stars: | 2022-12-29 | by ( The Associated Press | ) www.nbcnews.com time to read: +4 min

In documents submitted to the court on Wednesday, prosecutors asked the judge to give Singer six years, which would be by far the longest sentence in the case. Defense attorneys asked for a year of home confinement, or a maximum of six months behind bars. “For most of my life, if not all of it, I have thrived on winning at all costs,” Singer wrote in a letter included in his defense’s sentencing memorandum. “Staggering in scope, Singer’s scheme was also breathtaking in its audacity and the levels of deception it involved,” prosecutors wrote in their sentencing memorandum. Prosecutors also asked for three years of probation, nearly $11 million in restitution to the IRS, and forfeiture of about $8.7 million.

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