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Over the last decade, U.S. corn yield in August was lower than in July four times, including the past two years. The recent years with higher August corn yields versus July have featured some sizable moves. The government's corn and soybean yields will rely heavily on survey data next month and field observations will be added in September. Last month was the Midwest’s driest June since 1988, though USDA left U.S. soybean yield untouched from the 52-bpa trendline. August soybean yield has come in lower than in July only twice in the past 10 years (2013, 2021).
Persons: Karen Braun, Matthew Lewis Organizations: U.S . Department of Agriculture, USDA, Reuters, Thomson Locations: NAPERVILLE , Illinois, USDA
Jim Cramer heads to the charts to look at treasuries' potential to rally'Mad Money' host Jim Cramer hits the charts to get a better look at the bond market.
Persons: Jim Cramer
2013 was the first year when over half of all student loans carried a balance greater than originally borrowed. The 2020 student loan repayment pause shook up this unhealthy dynamic. But student loan repayment had been dwindling for at least a decade before the pause. But an important additional source of student loan misery is the widening and diversifying nature of the Americans who take them out. Our student debt research uses credit reports, both from an annual, representative cross-section of student borrowers and from a single group of borrowers we’ve been following since 2009.
Persons: couldn’t, Laura Beamer, Marshall Steinbaum, doesn’t, It’s, , Biden, we’ve, they’re, , Bill, Organizations: Jain, Institute, University of Utah, White, American, Black, Women, Congress, Department of Education
It is always risky when all analysts are leaning the same way, though recent weather and the already-lofty nature of the corn yield seem to validate this thinking. However, lower yields may not be printed in the U.S. Department of Agriculture’s report on Wednesday. All 25 analysts polled between Reuters and Bloomberg believe this month’s corn yield will come in below USDA’s trend-line of 181.5 bushels per acre. Eight of 25 analysts expect the 52 bpa to stand on Wednesday, though soy yield may be more likely than corn to come in lower this month. That leaves room for corn yield losses on the balance sheet but keeps bean supplies tight either way.
Persons: U.S . Midwest Karen Braun, Karen Braun, Matthew Lewis Organizations: U.S . Department of, Reuters, Bloomberg, U.S . Midwest, Thomson Locations: NAPERVILLE , Illinois, U.S, Illinois, Indiana
US annual inflation slowed to 3% last month, according to the latest Consumer Price Index released Wednesday by the Bureau of Labor Statistics. The June annual rate is down from 4% in May and landed slightly below economists’ expectations for a 3.1% increase, according to Refinitiv. Starting in March 2022, the central bank rolled out 10 consecutive interest rate hikes to tame inflation, finally hitting pause last month. And June of last year was monumental: Annual inflation soared to 9.1%, the highest in more than 40 years largely because of record-high energy costs. So the Fed and economists have been keyed in on what’s happening with core inflation, particularly core services.
Persons: Olivia Newton, ” William Ferguson, , Joe Biden, ” Sung Won Sohn, Lael Brainard, ” Brainard, Brainard, ” Julia Pollak, ZipRecruiter, Sohn, , , Nicole Goodkind Organizations: Minneapolis CNN, Bureau of Labor Statistics, CPI, Grinnell College, CNN, Federal Reserve, Loyola Marymount University, SS Economics, Core PCE, National Economic Council, Economic, of New, BLS, Kansas City Fed Locations: Minneapolis, Iowa, of New York
In April, Google made a dramatic move to face down the threat from Microsoft and OpenAI: it combined its AI research team, Brain, with DeepMind. By fusing it with its central AI unit, Google sent an unambiguous message that it was pulling out all the stops to supercharge its work in AI. Insider obtained internal org charts that reveal the new power structure of Google DeepMind. Hassabis oversees around 2,450 full-time employees, the majority of which are Google DeepMind employees. Dean, who previously oversaw all of Google's AI unit, has moved from his management position into the new role of Chief Scientist, reporting directly to CEO Sundar Pichai.
Persons: DeepMind, Demis Hassabis, There's, Hassabis, Eli Collins, Bard chatbot, Zoubin Ghahramani, Jeff Dean, Koray, Google's, Dean, Sundar Pichai, Emanuel Taropa Organizations: Google, Microsoft, Brain, Research, Technology, Gemini, General Intelligence
Crop Watch corn and soybean fields rose again last week as seasonably cool temperatures dominated, outweighing some of the underwhelming rainfall totals in western areas. Cool weather should dominate this week, favorable for corn pollination, which is currently under way in at least seven of the 11 corn fields. Average corn yield starts at 3.95 versus 4.07 in the same week last year and 3.86 in the same week in 2021. The North Dakota corn is in Griggs County and the soybeans are in Stutsman County. Photos of the Crop Watch fields can be tracked on my Twitter feed using handle @kannbwx.
Persons: , Karen Braun, Matthew Lewis Organizations: U.S . Crop, U.S . Department of, Crop, Indiana, The North, Reuters, Thomson Locations: NAPERVILLE , Illinois, U.S, Iowa, Illinois, Ohio, Minnesota, North Dakota, Nebraska, South Dakota, South Dakota , Kansas, Nebraska , Kansas, The, The North Dakota, Kingsbury , South Dakota, Freeborn , Minnesota, Burt , Nebraska, Rice , Kansas, Audubon , Iowa, Cedar , Iowa, Warren , Illinois, Crawford , Illinois, Tippecanoe , Indiana, Fairfield , Ohio, Griggs County, Stutsman County
Corn conditions have recently been comparable to the drought-stricken 2012 season, though they U-turned at the start of July. Corn conditions tend to stay largely unchanged or decline slightly throughout the season even in high-yielding years, so this week’s increase stands out. The last time corn conditions improved 4 or more percentage points in a late-June or early-July week was in 2001, and there were four more instances between 1992 and 1997. Using corn conditions for week 27 to predict final yield deviation from trend results in an R-square of 0.56, meaning about 56% of the yield variation can be explained by week 27 conditions. This suggests corn conditions have max correlation with actual yield deviations in late July, though including other variables such as July or August weather would likely enhance the model's reliability.
Persons: Karen Braun, Matthew Lewis Organizations: of Agriculture, GE, Sunday’s, Reuters, Thomson Locations: NAPERVILLE , Illinois, U.S
AI in advertising Amazon is not only differentiating its gen AI strategy by leveraging the cloud, but it's also incorporating AI in e-commerce to support its ad business. Amazon Prime Day Amazon Prime Day, the global shopping event that attracts consumers seeking huge cost-saving deals, on a variety of products will be held July 11 and 12 in 24 countries. Coupled with the cloud, e-commerce is the other big piece of what Amazon is all about. The 48-hour event is expected to bring in $8 billion in U.S. e-commerce sales, according to data by Insider Intelligence. Still, Insider Intelligence data shows Amazon Prime Day e-commerce sales will surpass that of competing retailers.
Persons: Andy Jassy, Scott Devitt, Devitt, Andrew Lipsman, it's, Lipsman, Sellers, Gene Munster, Jim Cramer's, Jim Cramer, Jim Organizations: Amazon Web Services, CNBC, Amazon, Microsoft, Nvidia, AWS, Insider Intelligence, Google, Deepwater Asset Management, Intelligence, Amazon CNBC Locations: U.S
Jim Cramer talks why U-Haul could be an underrated stock mover'Mad Money' host Jim Cramer hits the charts to see why U-Haul could see some moves in the near term.
Persons: Jim Cramer
How does code interpreter work? But when code interpreter is enabled, ChatGPT writes and runs a piece of computer code to find the answer, OpenAI said. “The code objectively does something right,” said Ethan Mollick, an associate professor at the University of Pennsylvania, who tested code interpreter for two months before it was released. What have people used code interpreter to do? Some people have also used code interpreter to convert the formats of files, such as turning images into videos or PDF documents into pictures.
Persons: ChatGPT, OpenAI, , Ethan Mollick, Mollick Organizations: University of Pennsylvania, Financial Locations: United States
Didi Taihuttu in Lagos, Portugal MacKenzie SigalosTaihuttu's indicator considers a mix of inputs, including directional trading data and moon cycles. Moving Average Convergence Divergence (MACD) compares two moving averages of a cryptocurrency's price by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA. When the 50-day moving average crosses below a falling 200-day moving average, it is known as the Death Cross , signaling a bear market may be imminent. When the 50-day moving average crosses below a falling 200-day moving average, it is known as the , signaling a bear market may be imminent. Price chart showing the 'Didi BAM BAM' market indicator Didi TaihuttuAnd then there are the intangible price influencers — like moon phases.
Persons: Thailand Didi Taihuttu LAGOS, Didi Taihuttu, Portugal MacKenzie Sigalos Taihuttu's, Bitcoin, Taihuttu, DAI —, Didi, Portugal MacKenzie, Portugal —, Portugal Didi Taihuttu, Mayer, It's, Price, , I'm, Didi Bam Bam, Thailand Didi, ChatGPT, Goldman Sachs, Marco Argenti, Goldman, Louisa, David Solomon, Morgan Stanley, Morgan, Jeff McMillan, — CNBC's Ryan Browne Organizations: CNBC, Didi BAM, BAM, Bollinger Bands, Bollinger, Lightning Networks Locations: Phuket, Thailand, PORTUGAL, Lagos, Algarve, Taihuttu, bitcoin, Portugal, cryptocurrency, ChatGPT
She discussed how her team plans to turn podcasts into TV shows, and how "Scamanda" could be a doc. The show was produced by Lionsgate Sound, the Hollywood giant's new audio division that launched last year. Lionsgate is one of several television companies to start its own audio arm — like Netflix and HBO, which produce audio companions to their TV shows. Pilgrim is a Lionsgate-owned production company that specializes in unscripted TV, and also a minority owner in Lionsgate Sound. Conversely, the podcast division can also leverage the success of existing TV shows and programs by producing companion audio works for them.
Persons: Gretchen Stockdale, you've, Amanda C, Riley, swindling, Pilgrim, Stockdale, Elizabeth Holmes, Jussie Organizations: Lionsgate, Apple, Lionsgate Sound, Hollywood, Netflix, HBO, Pilgrim Media Group, Hulu, ABC, Bloomberg, Fox Nation
As of July 3, CBOT December corn futures had plunged nearly 22% off their June 21 high as much-needed rain for U.S. crops started falling and also appeared in forecasts. December corn fell 12% in the four-day week ended July 3, and money managers flipped to a net short in CBOT corn futures and options of 18,209 contracts. Managed money net position in CBOT corn futures and optionsU.S. soybean plantings on June 30 came in well below all trade guesses, causing a surge in November soybeans . CBOT wheat rose more than 1% over the last three sessions on a slower U.S. winter harvest and possible drought concerns for U.S. and Canadian spring wheat. However, open interest in CBOT wheat futures and options is at the lowest mid-year levels since 2005.
Persons: soyoil, Karen Braun, Leslie Adler Organizations: U.S . Department of Agriculture, USDA, Reuters, Thomson Locations: NAPERVILLE , Illinois, Chicago, Minnesota, Iowa , Wisconsin, North Dakota, U.S
[1/3] Spanish People's Party candidate Alberto Nunez Feijoo and Spain's Prime Minister and Socialist candidate Pedro Sanchez talk before a televised debate ahead of snap election in Madrid, Spain, July 10, 2023. With just under two weeks to go until the vote, opinion polls predict Feijoo as the likely winner, although he would probably need the support of far-right party Vox. Sanchez highlighted that Spain is among only a few European countries that has tamed inflation to below the European Central Bank's 2% target by 2023. Feijoo himself was recently pilloried for saying a Vox electoral candidate convicted of gender violence had a "hard divorce". Feijoo told Sanchez: "Those men who raped in the street are in the street because of you - there are more than 1,000 of them."
Persons: Alberto Nunez Feijoo, Pedro Sanchez, Juan Medina MADRID, gesticulating, Maria Jose Canel, Sanchez, Feijoo, Vox, Feijoo's, EH, Jose Miguel Contreras, Madrid's King, Madrid's King Juan Carlos University, Belen Carreno, Corina Rodriguez, Aislinn Laing, Rosalba O'Brien Organizations: Spanish People's Party, Spain's, Socialist, REUTERS, People's Party, Madrid's Complutense University, Socialists, AS, Central, Vox, Madrid's, Madrid's King Juan, Atresmedia, Thomson Locations: Madrid, Spain, Ukraine, Basque
ChatGPT's new Code Interpreter tool was released to paying customers on 7 July. A Wharton professor said: 'Things that took me weeks to master in my Ph.D. were completed in seconds' by the tool. Even without Code Interpreter, ChatGPT already had some code-writing abilities. ChatGPT-creator OpenAI released Code Interpreter to Plus subscribers on July 7. Even without Code Interpreter, ChatGPT already had some code-writing abilities.
Persons: Wharton, ChatGPT, Ethan Mollick, Mollick, OpenAI, Insider's Aki Ito, Sarah Silverman —, Sam Altman, Peter Tennant Organizations: University of Leeds, Turing
The tech employees spoke with us on the condition of anonymity to avoid professional reprisal. There's only one real culprit for the culture of "fake work," he said. The latest version of fake work emerged as part of the tech industry's pandemic-driven boom and bust. "I think COVID was an accelerator for fake work because a lot of these tech companies hired. As for Graham, he's since moved to another tech company, where he said he felt his contributions were more valued.
Persons: Graham, wouldn't, Keith Rabois, Rabois, Brit Levy, Scott Latham, University of Massachusetts Lowell, Brent Peterson, Gaylan Nielson, Rich Moran, " Moran, Melina Mara, he'd, Moran, Anna Tavis, Stewart Butterfield, Bloomberg's, LINDSEY WASSON, it's, Salesforce, What's, Mark Zuckerberg, Sundar Pichai, Zuckerberg, Brad Glasser, Meta, Greg Selker, Stanton Chase, Jessica Kennedy, Kennedy, NYU's Tavis, Hugh Langley, Grace Kay Organizations: Amazon, Alexa, Big Tech, Google, University of Massachusetts, Washington, Getty, Meta, Microsoft, overhiring, New York University's School, Professional Studies, Slack, Command, Bloomberg, Vanderbilt University, Companies Locations: New, Salesforce, he's
At issue in the trial is which document best reflects Franklin’s wishes before she died, at age 76, of pancreatic cancer. Two of her sons, Edward and Kecalf Franklin, assert that the document found in a spiral notebook under the couch cushions, which is dated March 2014 and substantially favors Kecalf, should be considered primary. Another son, Ted White Jr., contends that the papers found in the cabinet, dated June 2010, should take precedence. As a result, they will not be taking a side in the trial, said Joseph Buttiglieri, a lawyer for Clarence Franklin’s guardian. The total estate was estimated at about $18 million after she died, Mr. Smith said, though another appraisal suggested the figure might be lower.
Persons: Edward, Kecalf Franklin, Ted White Jr, Clarence Franklin, Joseph Buttiglieri, Clarence Franklin’s, Franklin, Smith Locations: Michigan
It works like this: As the world burns fossil fuels and pumps out planet-heating pollution, global temperatures are steadily warming. David J. Phillip/APWhile the record temperatures may have been expected, the magnitude by which some have been broken has surprised some scientists. Historically, global heat records tend to topple in El Niño years, and the current record-holder, 2016, coincided with a strong El Niño. The world gets hung up on blockbuster records but “these heat records are not exciting numbers,” she told CNN. CFOTO/Future Publishing/Getty ImagesUnheeded warningsFor climate scientists, this is the “I told you so” moment they never wanted.
Persons: , Jennifer Francis, ” Carlo Buontempo, Copernicus, , we’ve, ” Francis, El, , Friederike Otto, Andres Matamoros, David J, Phillip, Peter Stott, There’s, Robert Rohde, ” Otto, Prashanth Vishwanathan, Niño, El Niños, ” Stott, Otto said, “ ​ Organizations: CNN, Climate Research, World Meteorological Organization, Grantham Institute, Climate, UK’s Met, , Bloomberg, Getty, Publishing Locations: Europe, Antarctica, Pacific, El, Houston, Berkeley, Patna, Bihar, India, Texas, Mexico, China, Beijing, Northern, Zhonghua, Handan, North China's Hebei
The core team behind the once-viral social-media app Poparazzi has been hired by Meta. Poparazzi, an anti-selfie photo-sharing app that encouraged users to snap pictures of their friends, skyrocketed briefly to the top of Apple's US App Store after launching in 2021. Now, four Poparazzi staffers, including its engineers and CEO Alex Ma, are employees of Meta, Insider has learned. Poparazzi cofounders Austen and Alex Ma. "Our journey to Poparazzi started 4 years ago with a simple goal: to connect people authentically," Alex Ma wrote in the Medium post.
Persons: Poparazzi, Alex Ma, Meta, Alex, Austen Ma, Ma, TTYL, Poparazzi cofounders Austen, Poparazzi's Organizations: Apple, Meta, Benchmark, TechCrunch, Facebook
But a faltering gross domestic product isn't the only figure that suggests that the German economy is stuttering. Germany's inflation rate is expected to hit 6.4% for June, according to provisional data from the German statistics office, which is an increase from the 6.1% recorded for May. Expect maybe for the second half that inflation might come down to a certain extent," Joachim Nagel, president of Germany's central bank, the Bundesbank, told CNBC in March. "What the fiscal authority can do in the face of high inflation is to alleviate the pain of inflation on the most fragile citizens," he said. The German economy has already recouped half of the losses in terms of trade incurred over the last two years and the energy crisis," he added.
Persons: Joachim Nagel, Sylvain Broyer, Volker Wieland, Veronika Grimm, Alexander, Universität, Broyer, China's, Robert Habeck Organizations: Anadolu Agency, Getty, CNBC, European Central Bank, Energy, Goethe University, Allianz, Reuters, Friedrich, country's Locations: Germany, Europe, Ukraine, Frankfurt, Universität Erlangen, Nürnberg, China, Beijing
To help them, we sit down and read their birth charts. This is what it looks like when astrologers read your birth chart. The AstroTwinsIt's also important to have critical thinking skills, where you can connect the dots between what is happening in the world, and their birth charts. Instead, when you're born, you have this blueprint that no one else has. Our business is a little different than most astrologers — we have our own media site.
Persons: AstroTwins, , it's, That's, It's, we've, we're, Alyshia Organizations: Service, Google, Alyshia Hull, ahull
TikTok has begun testing showing "Hot 50" and "Viral" charts to some users. TikTok's parent ByteDance announced a new "TikTok Music" streaming app in two markets this week. TikTok is testing a new feature that shows "Hot 50" and "Viral" music charts to a small subset of users, a spokesperson confirmed to Insider. Hot 50" track on July 6, 2023 was "Get Off The Wall" by Philly Goats. TikTok's music charts may never expand beyond its current limited test, the spokesperson said.
Persons: TikTok, ByteDance, Justine Skye, Lil Donald, Fleetwood, Matthew Wilder's, Jonny Kaps, we've Organizations: TikTok's, Philly, Philly Goats, Spotify Locations: Indonesia, Brazil
The analysis from the European Union’s Copernicus Climate Change Service found that last month was the planet’s hottest June by a “substantial margin” above the previous record, which was set in 2019. The nine hottest Junes have all occurred in the last nine years, according to the agency – evidence the human-caused climate crisis is driving temperatures to unprecedented levels. This is exactly what global warming looks like.”Scientists have warned that these record temperatures bear the fingerprints of the climate crisis. Northwest Europe experienced record-breaking temperatures last, including the UK, which logged its hottest June on record, according to the UK Met Office. “The ocean warming is even more concerning because as the oceans warm, they expand, which means higher sea levels, larger storms surges and more flooding of coastal communities,” Marlon said.
Persons: Copernicus, ” Jennifer Marlon, , Greenlee Beal, El Niño, ” Marlon, Organizations: CNN, Southern, Yale School of Environment, Northwest, UK Met Office, Reuters, Climate, Atlantic Locations: Southern US, Mexico, El, Pacific, Northwest Europe, Canada, United States, Asia, Australia, Texas, Central America, Ireland, Baltic, Europe, Iceland, Russia, Turkey, Kosovo, Romania, Scandinavia, America, Horn of Africa, South America, Antarctica
Startup e-commerce platform Temu expands to Japan
  + stars: | 2023-07-06 | by ( ) www.reuters.com   time to read: +1 min
SHANGHAI, July 6 (Reuters) - Ultra low-cost e-commerce platform Temu, owned by PDD Holdings (PDD.O), has started selling to Japan, marking its first foray into the Asian market. The marketplace, the sister site of Chinese discount e-commerce platform Pinduoduo, ships everything from clothing to electronics and home goods, mainly from Chinese merchants to customers overseas at rock bottom prices. A drop-down menu on Temu's website confirms Japan is one of the countries it now ships to. Temu and PDD Holdings did not immediately respond to a request for comment on its recent expansion or future plans. Vion Zhi Voon Yau, head of research at consultancy Momentum Works, described Japan as an "attractive, affluent" market for Temu.
Persons: Vion Zhi Voon Yau, Casey Hall, Fanny Potkin, Emelia Sithole Organizations: PDD Holdings, Japan, Momentum Works, Temu, Thomson Locations: SHANGHAI, Japan, United States, Boston
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