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☆ Nvidia's AI-driven stock surge pushed earnings multiple three times higher than Tesla's
▼ + stars: | 2023-08-11 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

They're widely viewed as the best chips for training AI models, and Nvidia's financial forecasts suggest insatiable demand. Even with all that momentum and seemingly insatiable demand, baked into Nvidia's stock price is a slew of assumptions about growth, including the doubling of sales in coming quarters and the almost quadrupling of net income this fiscal year. Looking at the last 12 months of company earnings, Nvidia has a price-to-earnings ratio of 220, which is stunningly rich even compared with notoriously high-valued tech companies. Should Nvidia meet analysts' projections, the current price still looks high compared to most of the tech industry, but certainly more reasonable. It's the steepest weekly decline for Nvidia's stock since September of last year.

Persons: Jensen Huang, Piper Sandler, Harsh Kumar, Amazon's, There's, Christopher Gannatti Organizations: Nvidia, Apple, Microsoft, Amazon, Tesla, Google, AMD, Nasdaq Locations: Taipei, Silicon, Friday's, U.S

☆ That Cool New Bookstore? It’s a Barnes & Noble.
▼ + stars: | 2023-07-29 | by ( Ben Cohen | Photographs Christopher Gregory-Rivera For The Wall Street Journal | ) www.wsj.com time to read: 1 min

NEW YORK—Barnes & Noble was once the enemy of independent bookstores. Now it’s trying to be more like them. And no place better explains the improbable reinvention of the biggest American bookstore chain than the Barnes & Noble on the Upper West Side of Manhattan.

Persons: Barnes, Noble Locations: Manhattan

☆ Plant-based and cow’s milk are not nutritionally equal, study says
▼ + stars: | 2023-07-25 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +8 min

CNN —The plant-based milk market is exploding, offering beverages made from seeds, nuts, legumes, grains and blends of those ingredients, often marketed as ready replacements for the traditional choice of cow’s milk. The study analyzed nutrition labels and ingredients for 233 plant-based milk products from 23 different manufacturers and found only 28 of the beverages had as much or more protein, vitamin D and calcium as cow’s milk. “Most of the plant milk products fall between the level of 1% and skim milk in terms of saturated fat,” Johnson said. “As a person who studies the microbiome, however, I wouldn’t recommend plant-based milk products for fiber yet. “About a third of the plant-based milk products have sugar or added sugar in quantities that’s more similar to a flavored milk like a strawberry or chocolate milk,” Johnson said.

Persons: ”, Abigail Johnson, “ I’m, Johnson, Christopher Gardner, Gardner, ” Gardner, Walter Willett, Harvard T.H, Willett, milks, ” Johnson, ” Willett, “, ” That’s Organizations: CNN, Nutrition, American Society for Nutrition, University of Minnesota School of Public Health Nutrition Coordinating, Stanford Prevention Research, Stanford Diabetes Research Center, Harvard, of Public Health, Harvard Medical School, University of Minnesota Locations: Boston, Minneapolis, California, Chan

☆ Sarah Silverman sues OpenAI and Meta alleging copyright infringement
▼ + stars: | 2023-07-10 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +2 min

CNN —Comedian Sarah Silverman and two authors are suing Meta and ChatGPT-maker OpenAI, alleging the companies’ AI language models were trained on copyrighted materials from their books without their knowledge or consent. A new crop of AI tools has gained tremendous attention in recent months for their ability to generate written work and images in response to user prompts. The large language models underpinning these tools are trained on vast troves of online data. The complaint against Meta similarly claims that the company used the authors’ copyrighted books to train LLaMA, the set of large language models released by Meta in February. The legal action from Silverman isn’t the first to focus on how large language models are trained.

Persons: Sarah Silverman, OpenAI, Silverman, ”, Christopher Golden, Richard Kadrey, ChatGPT, “, Meta, Silverman isn’t, Sam Altman, “ We’re Organizations: CNN, Meta, OpenAI, Facebook Locations: San Francisco federal

☆ This is why comedian Sarah Silverman is suing OpenAI, the company behind ChatGPT
▼ + stars: | 2023-07-09 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

Comedian Sarah Silverman is one of three authors suing the company behind ChatGPT. Comedian Sarah Silverman is suing the company behind ChatGPT, alleging copyright infringement of her book. Silverman is one of three authors who are suing OpenAI, the company that created the AI chatbot, according to the court documents seen by Insider. Sarah Silverman brings case against AI company, ChatGPT. The other plaintiffs are writer Christopher Golden, whose copyrighted books include "Ararat," a supernatural thriller, and writer Richard Kadrey, whose copyrighted books include the dark, urban fantasy "Sandman Slim."

Persons: Sarah Silverman, Silverman, OpenAI, ChatGPT, Christopher Golden, Richard Kadrey, Slim, Daniel Gervais Organizations: Morning, Vanderbilt University, Big Tech Locations: Ararat, US

July 9 (Reuters) - Comedian Sarah Silverman and two authors have filed copyright infringement lawsuits against Meta Platforms (META.O) and OpenAI for allegedly using their content without permission to train artificial intelligence language models. The proposed class action lawsuits filed by Silverman, Richard Kadrey and Christopher Golden in San Francisco federal court Friday allege Facebook parent company Meta and ChatGPT maker OpenAI used copyrighted material to train chat bots. Meta and OpenAI, a private company backed by Microsoft Corp (MSFT.O), did not immediately respond to requests for comment on Sunday. Silverman, Kadrey and Golden allege Meta and OpenAI used their books without authorization to develop their so-called large language models, which their makers pitch as powerful tools for automating tasks by replicating human conversation. The lawsuit against OpenAI alleges that summaries of the plaintiffs’ work generated by ChatGPT indicate the bot was trained on their copyrighted content.

Persons: Sarah Silverman, Silverman, Richard Kadrey, Christopher Golden, OpenAI, Kadrey, Jack Queen, Lincoln Organizations: Meta, Facebook, Microsoft Corp, Thomson Locations: San Francisco federal

☆ What next for Wagner? Russia’s Putin battles to regain control after short-lived revolt
▼ + stars: | 2023-06-30 | by ( Sam Meredith | ) www.cnbc.com time to read: +6 min

Members of Wagner group looks from a military vehicle in Rostov-on-Don late on June 24, 2023. It marked what many regard as the greatest challenge to Russian President Vladimir Putin's authority in his more than two decades in power. Russian President Vladimir Putin meets with servicemen at the Kremlin in Moscow on June 27, 2023. At best, Granville said the Wagner Group was likely to be "a shadow of its former self" in Ukraine following the revolt. Russia's political crisisRussian Foreign Minister Sergey Lavrov on Friday dismissed questions about a political crisis.

Persons: Wagner, Roman Romokhov, Vladimir Putin's, Yevgeny Prigozhin, Vladimir Putin, Mikhail Tereshchenko, nationalize Wagner, Putin, Wagner Group's Prigiozhin, Alexander Lukashenko, that's, Pat Ryder, Faustin, BARBARA DEBOUT, Ryder, It's, Christopher Granville, Granville, Sergey Lavrov, Lavrov, Sergei Surovikin, Surovikin Organizations: AFP, Getty, Wagner Group, Kremlin, Russian Ministry of Defense's, Wagner, Russian Armed Forces, Belarusian, Analysts, CNBC, Pentagon, Central African, TS Lombard, Reuters, Associated Press Locations: Rostov, Ukraine, Moscow, Europe, U.S, Russia, Asipovichy, Belarus, Belarusian, Africa, Syria, BANGUI, Central African Republic, Bangui, France, AFP, Russian

The court, in a 4-1 decision, found that the Indiana constitution does not include a broad right to abortion, allowing Indiana to join 14 other Republican-led states in enforcing abortion bans. Indiana's General Assembly last August passed the first new law state law banning abortion after the U.S. Supreme Court in June overturned Roe v. Wade, the landmark 1973 ruling that had established a right to abortion nationwide. The law prohibits all abortion with exceptions for rape, incest, lethal fetal abnormalities and to save the mother's life or prevent serious health risk. Planned Parenthood argued in its lawsuit that the law violated the right liberty guaranteed by the state constitution. But Justice Derek Molter, writing for the majority on Friday, said the framers of the state constitution "left the General Assembly with legislative discretion to regulate or limit abortion."

Persons: General Todd Rokita, we'll, Roe, Wade, Derek Molter, Molter, Christopher Goff, Brendan Pierson, Grant McCool Organizations: Indiana Supreme, Planned, Republican, Hoosiers, U.S, Supreme, General, Thomson Locations: Indiana, New York

☆ Yevgeny Prigozhin's future — what could be next for Russia’s mutinous mercenary chief
▼ + stars: | 2023-06-28 | by ( Elliot Smith | ) www.cnbc.com time to read: +5 min

Yulia Morozova | ReutersOnce a close ally and caterer to Russian President Vladimir Putin, Yevgeny Prigozhin now finds himself exiled to Belarus after leading his private mercenary group in an armed mutiny against the Russian military. Despite the apparent amnesty granted in exchange for halting the offensive, Eurasia Group President Ian Bremmer told CNBC on Monday that Prigozhin is a "dead man walking." watch nowIn the absence of further details on the deal struck between Prigozhin and the Kremlin, analysts are broadly uncertain as to what the future holds for the Wagner Group and its leader. Atlantic Council CEO Fred Kempe told CNBC's "The Exchange" that this would not be a "one-act play" for either the Russian president or his former friend. Kempe mused, adding that the unknowns at this stage are the most important aspect of Prigozhin's banishment.

Persons: Wagner, Yevgeny Prigozhin, Maxim Fomin, Vladlen Tatarsky, Yulia Morozova, caterer, Vladimir Putin, Prigozhin, Alexander Lukashenko, Ian Bremmer, Putin, Fred Kempe, CNBC's, Will Prigozhin, Kempe, Christopher Granville, Granville, Russia Michael McFaul, I'm, who's Organizations: Reuters, Wagner Group, Eurasia Group, CNBC, Kremlin, Atlantic, EMEA, TS Lombard, Former U.S Locations: St Petersburg, Moscow, Russia, Russian, Belarus, Rostov, Prigozhin, Africa, Syria, Ukraine

☆ Eat lower on the seafood chain for vital nutrients, says Harvard professor of nutrition: Here's what that means
▼ + stars: | 2023-06-25 | by ( Renée Onque | ) www.cnbc.com time to read: +1 min

More and more people are adding fish into their diets for the heart-healthy omega-3 fatty acids. But it may be time to skip the salmon and tuna, and reach for foods lower on the seafood chain like sardines and clams instead. "So, although they are underutilized, they're really good at delivering those sorts of nutrients." Bivalves, like mussels, are also a "really healthy choice," Golden notes, and they're great sources of zinc and calcium. Here's what Golden recommends adding to your diet to replace foods like red meat and farmed salmon.

Persons: Christopher Golden, they're Organizations: Harvard, of Public Health, CNBC Locations: Chan

☆ I built a thriving side business without ever having a viral moment. Here’s how I grew my following and secured partnerships with brands like 1-800-Flowers.
▼ + stars: | 2023-06-21 | by ( Perri Ormont Blumberg | ) www.businessinsider.com time to read: +6 min

Christopher Griffin is known as Plant Kween to more than 400,000 followers on social media. I'm known as Plant Kween on Instagram, where I have more than 400,000 followers. During my lunch breaks, after-work hours, and weekends I focus on my Plant Kween business and content creation. The Plant Kween for 1-800-Flowers.com collection launched in February 2023. ET so folks can get a little dose of Plant Kween joy before they start their day.

Persons: Christopher Griffin, —, I'm, pothos, I've, Meyers Organizations: Service, New York University, Creative Artists Agency, Kimpton, Saks Locations: Brooklyn , New York, Instagram, Headspace, Brooklyn, East Coast

☆ Gas explosion starts fire in central Paris
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +1 min

[1/6] French police secure the area as firefighters work after several buildings on fire following a gas explosion in the fifth arrondissement of Paris, France, June 21, 2023. REUTERS/Gonzalo FuentesPARIS, June 21 (Reuters) - A gas explosion started a blaze in buildings in the Latin Quarter of central Paris, officials and witnesses said. Journalist Olivier Galzi told BFM TV that he had seen the facade of a nearby building "completely collapse." Interior Minister Gerald Darmanin said the fire was locted on Rue Saint-Jacques in the 5th arrondissement close to the Jardin du Luxembourg and the Sorbonne University. Reporting by Michel Rose, Sudip Kar-Gupta, Tassilo Hummel, Juliette Jabkhiro, Elizabeth Pineau; Editing by Jean-Michel Belot and Tassilo HummelOur Standards: The Thomson Reuters Trust Principles.

Persons: Gonzalo Fuentes PARIS, Olivier Galzi, BFM, Gerald Darmanin, Jacques, Christopher Gaglione, Michel Rose, Sudip Kar, Tassilo Hummel, Juliette Jabkhiro, Elizabeth Pineau, Jean, Michel Belot Organizations: REUTERS, Police, Rue Saint, Jardin du, Sorbonne University, Thomson Locations: Paris, France, Rue, Jardin, Jardin du Luxembourg

☆ TipRanks reveals the top 10 Wall Street industrial sector analysts
▼ + stars: | 2023-06-18 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

TipRanks used its Experts Center tool to find the analysts sporting a high success rate. TipRanks' algorithms calculated the statistical significance of each rating, analysts' overall success rate, and the average return. Top 10 analysts from the consumer goods sectorThe image below shows the most successful Wall Street analysts from the industrial goods sector. The buy recommendation generated a return of 134.8% from May 14, 2020 to May 14, 2021. Christopher Glynn - OppenheimerChristopher Glynn has the 10th spot on the list, with a success rate of 60%.

Persons: CARR, Spencer Platt, TipRanks, Kenneth Herbert, Herbert, Leonardo, Stephen Volkmann, Jefferies Stephen Volkmann, Parker Hannifin, Seth Weber, Weber, Benoit Poirier – Desjardins Benoit Poirier, Keith Hughes, Stanley Elliott, Stifel Nicolaus, Andrew Kaplowitz, Julian Mitchell –, Julian Mitchell, Mitchell, Gautam Khanna —, Cowen Gautam Khanna, Christopher Glynn, Oppenheimer Christopher Glynn Organizations: New York Stock Exchange, Getty, RBC, Leonardo DRS, DRS, Wells, Herc Holdings, TFI, Truist, Caterpillar, Citi Citigroup, Julian Mitchell – Barclays, Barclays, Carrier, Johnson Locations: New York City, Wells Fargo Wells, Symbotic, Generac

☆ Key building block of life found on ocean world orbiting Saturn
▼ + stars: | 2023-06-14 | by ( Ashley Strickland | ) edition.cnn.com time to read: +7 min

CNN —A key chemical building block of life has been found on Saturn’s moon Enceladus. An ocean exists beneath the thick, icy surface of Enceladus, and plumes of material regularly release from geysers at the moon’s south pole. “Previous geochemical models were divided on the question of whether Enceladus’ ocean contains significant quantities of phosphates at all,” Postberg said. “This key ingredient could be abundant enough to potentially support life in Enceladus’ ocean; this is a stunning discovery for astrobiology.”Some of the additional ocean world moons around Jupiter and Saturn include Europa, Titan and Ganymede. Although the building blocks of life and conditions for habitability exist on Enceladus, no actual life has been detected yet.

Persons: ”, Frank Postberg, ” Postberg, Fabian Klenner, “, Postberg, Christopher Glein, Cassini, Linda Spilker, Spilker, ” Spilker, ” Glein, ” “, Nozair Khawaja, Mikhail Zolotov, Zolotov Organizations: CNN, Cassini, NASA, JPL, Space Science, Freie Universität, ATP, University of Washington, Southwest Research Institute, Clipper, Jet Propulsion Laboratory, Freie Universität Berlin, Arizona State University Locations: Freie Universität Berlin, San Antonio , Texas, Europa, Pasadena , California

☆ Saturn's icy moon Enceladus harbors essential elements for life
▼ + stars: | 2023-06-14 | by ( Steve Gorman | ) www.reuters.com time to read: +4 min

The discovery was based on data collected by NASA's Cassini spacecraft, the first to orbit Saturn, during its 13-year landmark exploration of the gaseous giant planet, its rings and its moons from 2004 to 2017. The same team previously confirmed that Enceladus' ice grains contain a rich assortment of minerals and complex organic compounds, including the ingredients for amino acids, associated with life as scientists know it. Another is Jupiter's larger moon Europa, which also is believed to harbor a global ocean of liquid water beneath its icy surface. "This key ingredient could be abundant enough to potentially support life in Enceladus' ocean," said co-investigator Christopher Glein, a planetary scientist at Southwest Research Institute in San Antonio, Texas. "Whether life could have originated in Enceladus' ocean remains an open question," Glein said.

Persons: NASA's Cassini, Read, Frank Postberg, Cassini, Christopher Glein, Glein, Steve Gorman, Lisa Shumaker Organizations: NASA's, Nature, NASA's Jet Propulsion Laboratory, JPL, Free University, Southwest Research Institute, Thomson Locations: German, Los Angeles, Berlin, Europe, Japan, San Antonio , Texas

☆ How an Insurer Helps a Shipper Stay Above Water
▼ + stars: | 2023-06-02 | by ( Leslie Scism | Photographs Christopher Gregory-Rivera For The Wall Street Journal | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/how-an-insurer-helps-a-shipper-stay-above-water-2a1d51c3

Persons: Dow Jones

☆ Horse racing-Churchill Downs announces measures to improve horse safety
▼ + stars: | 2023-06-01 | by ( ) www.reuters.com time to read: +2 min

[1/2] May 5, 2023; Louisville, KY, USA; The field for the 149th Running of the Kentucky Oak makes their way past the grandstands at Churchill Downs on May 5, 2023. Mandatory Credit: Michael Clevenger and Christopher Granger-USA TODAY SportsJune 1 (Reuters) - Churchill Downs Racetrack unveiled a number of safety initiatives and precautionary measures on Thursday following a recent series of horse deaths at the home of the Kentucky Derby. In addition, the number of starts per horse during a rolling eight-week period will be restricted to four. At the summit, the Churchill Downs, Kentucky Horse Racing Commission and HISA veterinary teams reviewed all veterinary information available in the hope of better understanding the events surrounding the recent fatalities. Since the Churchill Downs stable reopened for training on March 30, there have been 12 equine fatalities at Churchill Downs, which the racetrack previously described as a "highly unusual statistic."

Persons: Michael Clevenger, Christopher Granger, Downs, Frank Pingue, Ken Ferris Organizations: Kentucky Oak, USA, Kentucky Derby, Safety Authority, Churchill Downs , Kentucky Horse Racing Commission, Churchill, racing's Triple Crown, Thomson Locations: Louisville , KY, USA, Kentucky, Churchill Downs, Churchill, Churchill Downs ,, Toronto

☆ Man charged with murder after 3 dead in New Mexico biker shootout
▼ + stars: | 2023-05-28 | by ( Andrew Hay | ) www.reuters.com time to read: +2 min

Reto Mesmer/Handout via REUTERSTAOS, New Mexico, May 28 (Reuters) - A biker was charged with murder after a shootout between rival motorbike gangs at a motorcycle rally in Red River, northern New Mexico, on Saturday in which three gang members were killed and five wounded, police said. "It was just gangbanger on gangbanger," Johnson told a press conference in Red River, adding that no bystanders were injured. The confrontation began in Albuquerque, New Mexico's largest city, over a photo involving another gang, then spilled over to Red River's annual Memorial Day motorcycle rally, Johnson said. Red River Mayor Linda Calhoun advised local businesses to close. Reporting by Andrew Hay in Taos, New Mexico; Editing by Andrea RicciOur Standards: The Thomson Reuters Trust Principles.

☆ Elon Musk misquoted 'The Princess Bride' when asked why he keeps tweeting political opinions and antisemitic conspiracy theories: 'If we lose money, so be it'
▼ + stars: | 2023-05-17 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

In an interview with CNBC that aired Tuesday, Elon Musk was asked about his tweeting. Musk said he'll say what he wants to say even if it leads to him, Tesla, or Twitter losing money. During an interview with CNBC's David Faber, Musk was asked about why he tweets the way he does. Faber pointed to a tweet from Monday in which Musk said Soros "wants to erode the very fabric of civilization" and "hates humanity." Faber asked why Musk continued to tweet such things and share his political opinions even though Tesla customers and Twitter advertisers may not agree with him.

☆ Stock futures are little changed as traders await Tuesday debt ceiling negotiations: Live updates
▼ + stars: | 2023-05-15 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Traders work on the floor of the New York Stock Exchange during morning trading on April 10, 2023 in New York City. Futures tied to the S&P 500 slipped 0.05%, while Nasdaq 100 futures inched lower by 0.08%. Investors are anxiously awaiting progress on a deal to raise the debt ceiling before June 1, which is the earliest date the Treasury Department has said the U.S. could default on its debt obligations. Biden has so far maintained that raising the debt ceiling is non-negotiable. McCarthy, however, has pushed for talks to broker a deal to raise the debt ceiling be tied to spending cuts.

☆ The Coronation of King Charles: Order of Service
▼ + stars: | 2023-05-06 | by ( ) edition.cnn.com time to read: +46 min

The Archbishop saysI here present unto you King Charles, your undoubted King: Wherefore all you who are come this day to do your homage and service, are you willing to do the same? Christopher Finney GC saysI here present unto you King Charles, your undoubted King: Wherefore all you who are come this day to do your homage and service, are you willing to do the same? We praise thee, we bless thee,we worship thee, we glorify thee,we give thanks to thee for thy great glory,O Lord God, heavenly King, God the Father Almighty. O clap your hands together, all ye people;O sing unto God with the voice of melody. The King touches the Ring and the Archbishop saysReceive this Ring, symbol of kingly dignity and a sign of the covenant sworn this day, between God and King, King and people.

☆ I'm a Gen Xer who left my stressful engineering job for a yearlong break — and it was the best thing for my happiness and health
▼ + stars: | 2023-05-06 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +5 min

Christopher Gehring left his engineering job to take a career break and focus on his health. For me, taking a career break was the best thing I ever could have done for myself. Last year, my job — I'm an engineer who worked at a medical-device company — had become very stressful. As much as I've enjoyed this career break, I'm ready to get back to work. I'm going to give 100% of my effort during work hours, and when I'm off, I'm off.

☆ GOP megadonor Harlan Crow paid for Clarence Thomas to send a child in his custody to a $6,000-a-month private boarding school: ProPublica
▼ + stars: | 2023-05-04 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +4 min

Supreme Court Justice Clarence Thomas sent a child in his custody to a private boarding school. GOP megadonor Harlan Crow paid at least some of the child's $6,000-a-month tuition, per ProPublica. Tuition at the Hidden Lake Academy cost more than $6,000 a month, but ProPublica reported that Thomas did not pay for Martin's education himself. A former administrator at the school, Christopher Grimwood, told ProPublica that Crow covered the costs of Martin's entire education at the school — about a year. If Crow had paid for Martin's education at both schools over a period of four years, he would have spent more than $150,000, ProPublica said.

☆ Top diets for heart health, according to American Heart Association
▼ + stars: | 2023-04-27 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +6 min

But which diet best meets the dietary guidelines of the American Heart Association? In a new scientific statement, leading experts in nutrition ranked 10 popular diets on their ability to meet the AHA’s evidence-based dietary guidance for heart health, published in 2021. “The American Heart Association says no one should drink alcohol if they haven’t started,” Gardner said. Aimed at doctorsWhile people concerned with heart health can and should use the new AHA ranking of the 10 diets, the scientific statement was written for physicians, Gardner said. Top diets for heart health are predominately plant-based, the AHA statement says.

☆ Sanctions Against Russia Could Be Better, These Harvard Economists Say
▼ + stars: | 2023-04-22 | by ( Paul Hannon | ) www.wsj.com time to read: 1 min

Ricardo Hausmann, a former Venezuelan official, leads a group of Harvard economists proposing ways to further degrade Russia’s economy. Photo: Christopher Goodney/Bloomberg NewsIn response to Russia’s invasion of Ukraine, Western nations have targeted Moscow with the biggest coordinated package of economic restrictions ever levied against a major economy, including sanctions, export controls, asset freezes and energy price caps. Many of those measures, though, have proven less costly so far to Russia than some economists had expected and many officials in Washington and Brussels had hoped. Some Russian officials, meanwhile, had braced for more economic damage from the sanctions barrage by now.

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