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☆ JPMorgan could be the banking sector’s biggest hero — or biggest risk
▼ + stars: | 2023-05-03 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

And as the bank swells in size, so does the potential risk it poses to the nation’s financial system. Some experts say they’re concerned that JPMorgan’s continued intervention during times of crisis has broader implications for the banking sector, the US financial system and its regulation. And with every failed bank that JPMorgan snaps up, the conundrum becomes clearer: JPMorgan is essentially the biggest risk to the financial system — and every time it expands to uphold the sector’s stability, so does its risk to the financial system. It has “that ability once again, to signal to the world that JPMorgan is a fortress, JPMorgan is the ultimate. But recent failures and the missteps that led to them indicate that deep flaws underline the financial system.

☆ Chevron export earnings boost supply of US dollars in Venezuela -sources
▼ + stars: | 2023-05-02 | by ( Mayela Armas | ) www.reuters.com time to read: +3 min

Companies Chevron Corp FollowCARACAS, May 2 (Reuters) - Some of U.S. oil major Chevron Corp's (CVX.N) export earnings from its Venezuela operations are bolstering supplies of U.S. dollars in the South American country, three sources with knowledge of the matter told Reuters. Chevron operates in Venezuela, which is under U.S. sanctions, with special authorization from Washington. The central bank also sells dollars, mostly the product of oil sales. According to local consulting firm Sintesis Financiera, the central bank offers between $40 million and $50 million per week. The central bank did not respond to requests for comment.

CNN —Venezuela’s former opposition leader Juan Guaidó is visiting Washington this week, where he hopes to meet with the Biden administration, he told reporters on Tuesday during a surprise appearance at the Washington Conference on the Americas. Asked if he sought political asylum in the US, he said, “I am currently visiting. Guaidó landed in Miami the following day, after accusing Colombia of forcing him out of the country – a claim Colombian officials refuted. “We also hope to meet with the Biden administration – obviously it’s a critical moment for the region, especially Venezuela, a moment in which we are pressing to achieve a free election,” he said. The Biden administration loosened some sanctions against the Maduro government in 2022, and last November, it granted Chevron limited authorization to resume pumping oil from Venezuela.

☆ Peloton instructor Tunde Oyeneyin's No. 1 tip for avoiding burnout: 'Invest in yourself'
▼ + stars: | 2023-05-02 | by ( Nicolas Vega | ) www.cnbc.com time to read: +1 min

Star Peloton instructor Tunde Oyeneyin keeps a busy schedule. In addition to teaching fitness classes, the 37-year-old is a podcast host, author and Nike athlete ambassador. Needless to say, she knows a thing or two about burnout. Starting her day by focusing on herself rather than her professional responsibilities allows her to "gain control of my conscious mind." "It makes me realize that every single thing on the list, for the most part, can ultimately wait," she says.

Jeremy Selwyn/WPA Pool/Getty Images Camilla stands next to Queen Elizabeth II during a Diamond Jubilee pageant on the River Thames in June 2012. Chris Jackson/Getty Images From left, Camilla, Charles, Queen Elizabeth II and Prince Philip attend the state opening of Parliament in May 2013. From left are Camilla, Charles, Queen Elizabeth II, Prince Louis, Duchess Catherine, Princess Charlotte, Prince George and Prince William. Frank Augstein/WPA Pool/Getty Images In pictures: Britain's Queen Camilla Prev NextShe reportedly met Prince Charles at a polo match in Windsor in 1970 and they became friends. From left are Camilla, Charles, Queen Elizabeth II, Prince Louis, Duchess Catherine, Princess Charlotte, Prince George and Prince William.

☆ A commuter train excavation near Notre Dame Cathedral has uncovered a 2,000-year-old necropolis containing bodies buried with coins in their mouths and an entire pig skeleton
▼ + stars: | 2023-05-01 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

Remains of at least 50 men, women, and children were unearthed during excavation for a train line. The burials of a large necropolis, located south of Lutèce in the 2nd century AD , have been unearthed. The burials of a large necropolis, located south of Lutèce in the 2nd century AD, have been unearthed. One pit unearthed by the researchers contained the skeleton of a whole pig, though it is unclear what purpose it may have served. The burials of a large necropolis, located south of Lutèce in the 2nd century of our era, have been brought to light.

☆ Travel news: Underwater metro routes and marine discoveries
▼ + stars: | 2023-04-29 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +5 min

Get the latest news in aviation, food and drink, where to stay and other travel developments. CNN —Incredible Italian home makeovers, jaw-dropping marine discoveries and ritzy new trains in Scotland and Taiwan: We’ve got all this and more in our latest roundup of news and features from CNN Travel. Massachusetts couple Doug and Leah Johnson renovated a 14th-century apartment in the town of Vasanello in Lazio that they bought for less than $14,000. Life on the railsAustralia and India are celebrating milestones in underwater travel. And on April 12, Kolkata’s new underwater metro route completed its maiden run, ahead of opening to the public in November.

☆ Louis Vuitton dazzles luxury-seeking Seoul with first pre-fall show
▼ + stars: | 2023-04-29 | by ( ) www.reuters.com time to read: +1 min

SEOUL, April 29 (Reuters) - LVMH's (LVMH.PA) top fashion brand Louis Vuitton held its first-ever pre-fall fashion show on Saturday on a bridge in Seoul, the capital of a leading luxury market. In one of the highest profile events since chairman and CEO Pietro Beccari started at Louis Vuitton earlier this year, the runway on the lower level of the double-decker Jamsu bridge that spans the Han River was bathed in blue shadows. Models walked the 795 metre (2,608 feet) bridge, where traffic was stopped for 24 hours, wearing fitted, sporty designs with geometric patterns designed by Nicolas Ghesquière, artistic director of women’s collections at Louis Vuitton. They strode out of a tunnel on chunky-heeled shoes in slick windbreakers, miniskirts that flared out and striped suits. On Saturday the creator and director of 2021's Netflix hit drama "Squid Game" Hwang Dong-hyuk participated in the show scenography.

☆ The search for 100,000 new species in Earth’s oceans
▼ + stars: | 2023-04-29 | by ( Ashley Strickland | ) edition.cnn.com time to read: +5 min

CNN —In some ways, Earth’s oceans are as alien to us as distant moons in the solar system. When scientists dived to the twilight zone and the mesophotic zone directly above it in recent years, they found colorful fish and sprawling pristine coral reefs. The global initiative seeks to find 100,000 unknown species over the next 10 years. While scientists believe 2.2 million marine species exist in Earth’s oceans, they estimate that they’ve only found 240,000, according to Ocean Census. Identifying new species also enables conservationists to find ways to protect them as Earth changes due to the climate crisis.

☆ Europe’s Economy Barely Avoids Recession
▼ + stars: | 2023-04-28 | by ( Paul Hannon | ) www.wsj.com time to read: 1 min

Europe’s return to modest growth coincides with a pickup in China and a slowdown in the U.S. Photo: Nicolas Leblanc/Bloomberg NewsEurope’s economy skirted a recession at the start of the year, underlining the continent’s surprising resilience despite Russia’s war on Ukraine, signs of banking strains, and repeated interest-rate increases to combat stubbornly high inflation. The bloc’s return to modest growth coincides with a first-quarter pickup in China and a slowdown in the U.S. Taken together, these numbers suggest the global economy likely bounced back from a trough late last year, although headwinds from a restrictive monetary policy could put a lid on the revival.

☆ Europe’s Economy Avoids Recession—Just About
▼ + stars: | 2023-04-28 | by ( Paul Hannon | ) www.wsj.com time to read: 1 min

☆ Chile's lithium takeover plan faces technical, political challenges
▼ + stars: | 2023-04-28 | by ( Fabian Cambero | ) www.reuters.com time to read: +7 min

[1/3] A view of a brine pool of a lithium mine on the Atacama salt flat in the Atacama desert, Chile, August 16, 2018. REUTERS/Ivan Alvarado/File PhotoSANTIAGO, April 28 (Reuters) - While Chile's plan to take control of its lithium industry has caused global shockwaves, state-led production of the metal used to make electric vehicle batteries is seen by analysts as likely years away given technical and political challenges. CODELCO'S ROLEChile's state-run Codelco, the largest copper producer in the world, plays a key role in Boric's lithium plan although it has no experience in producing the white metal. The report noted that Argentina currently has more lithium projects in the pipeline than any other country in the world. Albemarle has said it needs new water sources to expand in Chile's Atacama salt flat, noting a desalination project was awaiting permits and construction.

The ruling Colorado Party has dominated Paraguayan politics for the last three-quarters of a century, in power for all but five years. "We never talked about politics before, because a win for the Colorado Party was a done deal," 40-year-old bank worker Gustavo Vera told Reuters in the capital. "There's more corruption in Paraguay than work... All I know is we have to work much harder to make ends meet." The U.S. Treasury earlier this year imposed sanctions on party chief Horacio Cartes and Vice President Hugo Velazquez, citing "rampant corruption." Alegre, on his third presidential campaign, has pulled together a broad alliance of independent parties to challenge the powerful Colorado political machine.

[1/2] FILE PHOTO-French President Emmanuel Macron delivers his speech during the National Conference on Disability at the Elysee Palace in Paris, France, April 26, 2023. "You talk a lot of nonsense everyday," the man told Macron, after the president, barely able to squeeze in an answer, said he should get his numbers right. Such direct confrontations, the president reckons, are essential to give people a cathartic release after weeks of anger directed at the government's pension bill and Macron himself. Before the pension reform protests, the government managed to pass legislation on issues such as nuclear energy and renewables with the help of both left-wing and right-wing lawmakers outside Macron's centrist alliance. That was apparent again this week, when his prime minister Elisabeth Borne was forced to give up on an immigration bill.

☆ Hong Kong bourse’s profit pop looks passive
▼ + stars: | 2023-04-27 | by ( Thomas Shum | ) www.reuters.com time to read: +3 min

HONG KONG, April 27 (Reuters Breakingviews) - What does a stock exchange operator do when equity markets are weak and interest rates are high? Hong Kong Exchanges and Clearing (0388.HK) posted a 28% year-on-year profit pop on Wednesday, largely propelled by stellar investment returns as opposed to its core business. Sustained weakness in equities trading and initial public offerings could augur tougher times ahead if transaction volumes don’t come back soon. Though Hong Kong’s IPO pipeline is better than many, with over 90 applications as of the end of March, the issue sizes are restrained. Net profit amounted to HK$3.4 billion ($434 million), up 28% from a year ago, with revenue and other income rising 19% year-on-year to HK$5.56 billion.

☆ Southwest is the worst airline in the US, according to a new study — take a look at how the 11 biggest US airlines rank
▼ + stars: | 2023-04-27 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +2 min

The personal finance website WalletHub released its list of the worst airlines in the US on April 19. Nicolas Economou/NurPhoto/Getty ImagesWalletHub analyzed 2022 flight data from the US Department of Transportation to come up with its ranking. The nine national airlines were selected based on the highest passenger revenue, Gonzalez said. The last category was safety for 30 points, which factored in the number of fatal injuries in aviation accidents, the number of injuries in aviation accidents, and the number of aviation accidents — the data is measured from 2017 to 2022. Take a look at how these US airlines rank, from the lowest to highest scores.

☆ Spare the bear: Sculpture of Spain's rifle-wielding ex-king puzzles onlookers
▼ + stars: | 2023-04-26 | by ( ) www.reuters.com time to read: +2 min

Once revered for his role in Spain's transition to democracy, he is now seen as a liability for his son, King Felipe. After eight minutes standing next to the bronze bear figure, Miranda removed his unauthorised statue - 170 cm (67 inches) tall and made of polyurethane and modelling clay covered with metallic paint resembling patina on bronze. The Bear and Strawberry Tree - the official symbols of Madrid - are photographed by thousands of tourists daily in the middle of the Puerta del Sol square. Miranda will have an exhibition in Madrid next month which will include images of the performance in Puerta del Sol. Reporting by Emma Pinedo, editing by Andrei Khalip and Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.

☆ McDonald's is offering a Big Mac dipping sauce for the first time ever—here's how to get it for free
▼ + stars: | 2023-04-26 | by ( Nicolas Vega | ) www.cnbc.com time to read: 1 min

McDonald's is giving customers a chance to take home packets of its most iconic sauce. Starting Thursday, April 27, the fast food giant will begin distributing its famous Big Mac Sauce in dip cups. Unlike other popular dips like sweet and sour, BBQ and honey mustard, Big Mac Sauce has remained behind the counter at McDonald's restaurants, reserved only for the chain's signature burger. The limited time offering comes as "fans have been asking for an extra side [of Big Mac sauce] for years," McDonald's said in a press release. Customers will only be able to get their hands on the 0.78oz packets of Big Mac Sauce if they order through the McDonald's mobile app.

☆ Nicolas Cage says movie roles kept him afloat after poor business decisions
▼ + stars: | 2023-04-26 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —Nicolas Cage says he took some “crummy” movie roles to get out of debt after some poor business decisions. In an interview with “60 Minutes,” the Oscar-winning actor said he “overinvested in real estate.”“The real estate market crashed and I couldn’t get out in time,” he said. I never filed for bankruptcy.”Yet he credits the work saving him during a “dark” period in his life. “You have good investments and bad investments,” Cage told the New York Times in 2019. “I can’t go into specifics or percentages or ratios, but yeah, money is a factor,” he said in response to a question about money driving his work choices.

☆ Nicolas Cage, Ranked From Wild to Mild
▼ + stars: | 2023-04-26 | by ( Erik Piepenburg | ) www.nytimes.com time to read: +1 min

In the early 1980s, Nicolas Cage got his first big breaks in Martha Coolidge’s “Valley Girl” and Amy Heckerling’s “Fast Times at Ridgemont High,” films that zeroed in on the peculiar allure of his dopey bad boy persona. Watching him was like eating a banana split: You tasted something nutty, sweet, indulgent, all-American. Since then, few actors have been able to match how nimble a polymorph Cage is in genre, how easily he power-bounces between action (“National Treasure”), comedy (“Moonstruck”) and horror (“Pay the Ghost”). He’s done the same for a who’s who of boundary-pushing directors, including the Coen brothers (“Raising Arizona”), David Lynch (“Wild at Heart”) and Spike Jonze (“Adaptation”). Each is rated on a scale of bees — one for sleepy, five for loony — in honor of the insects that tortured him in the 2006 remake of “The Wicker Man.”

[1/5] Colombian President Gustavo Petro and Colombian Foreign Minister Alvaro Leyva attend an international conference on the political crisis in Venezuela, at Palacio de San Carlos in Bogota, Colombia April 25, 2023. The meeting in Bogota, hosted by Colombian President Gustavo Petro with support from the United States, included Spain, the United Kingdom, Argentina, Brazil and others. The meeting was meant to help Maduro and the opposition restart stalled talks in Mexico focused on free elections and the possible lifting of sanctions against the government. Attendees found common ground over the need for free elections and lifting of sanctions parallel to agreements between the two sides, he said. The Mexico talks, held briefly last year and in 2021, are supposed to provide a roadmap out of the long-running crisis.

The country nationalised its copper sector in 1971, provoking international outrage, particularly in the United States. President Gabriel Boric's lithium "nationalisation" is a more benign version, using an even earlier copper model. THE COPPER MODEL - GOOD AND BADIf President Boric's lithium policy is an echo of past copper policy, the comparison is with the "Chileanisation" programme of the Eduardo Frei Montalva administration in the late 1960s. Even the neo-liberals of the Augusto Pinochet regime kept the national jewel in the crown as they opened the rest of the country's' copper sector up to the private sector. It is now Codelco that is tasked with taking control of the country's lithium sector.

☆ Chile, US miner Albemarle hold talks on lithium nationalization plan
▼ + stars: | 2023-04-25 | by ( ) www.reuters.com time to read: +2 min

[1/3] Lithium evaporation ponds are seen at Albemarle Lithium production facility in Silver Peak, Nevada, U.S. October 6, 2022. REUTERS/Carlos BarriaSANTIAGO, April 25 (Reuters) - Chile's state development office Corfo said on Tuesday it met with U.S.-based miner Albemarle (ALB.N) to discuss the South American country's plan to nationalize the lithium industry. Chile's leftist President Gabriel Boric last week announced that control of the country's vast lithium operations would over time be transferred from Albemarle and SQM (SQMA.SN) to a separate state-owned company. Chile has the world's largest lithium reserves. He added that Albemarle, the world's largest producer of lithium, wants to grow in Chile and in the Atacama salt flat with new technologies.

☆ China doesn’t want US cars like Ford and General Motors. That’s a big problem for their futures.
▼ + stars: | 2023-04-24 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

America has a problem: China — the world's largest car market — doesn't want its vehicles. In 2022, data shows Ford and General Motors' car sales in China each dropped more than 20% from the year before. My colleagues Alexa St. John and Nora Naughton break down how the future of US automakers hinges on China. Although Google founder Larry Page's flying car company Kittyhawk majorly flopped, it left us with some interesting vehicles. Hop aboard to see all the funky flying car models here.

☆ Chile’s plan for state control in lithium dismays business
▼ + stars: | 2023-04-22 | by ( ) www.cnbc.com time to read: +6 min

A lithium mining machine moves a salt by-product at the mine in the Atacama Desert in Salar de Atacama, Chile on October 25, 2022. Under the plan, all companies wanting to work in Chile's lithium sector will have to take on the yet-to-be created National Lithium Company as a partner and the "state will have control," Boric said Thursday. But Chile's business sector expressed concern. Mewes said business leaders had expected there would be a "great private sector participation" in the lithium sector and now the "state will be the one that will control" the industry. She worries about what message this sends to others in the region that are trying to build up nascent industries, considering Mexico already nationalized its lithium sector.

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