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☆ Fmr. Philadelphia Fed president on May jobs report: I'd go for another 25 basis point rate hike
▼ + stars: | 2023-06-02 | 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 EmailFmr. Philadelphia Fed president on May jobs report: I'd go for another 25 basis point rate hikeCharles Plosser, former Philadelphia Fed president and CEO and visiting fellow with Stanford’s Hoover Institution, joins 'Squawk Box' to react to May's job report, and what it means for the Fed's rate hike campaign.

Persons: I'd, Charles Plosser Organizations: Philadelphia Fed, Stanford’s Hoover Institution

☆ Racial Preferences Won’t Go Easily
▼ + stars: | 2023-06-01 | by ( Brian T. Fitzpatrick | ) www.wsj.com time to read: 1 min

Journal Editorial Report: Charles Payne interviews Corey DeAngelis. Images: AP/Austin American-Statesman via AP Composite: Mark KellyThe U.S. Supreme Court is expected to rule soon that Harvard and the University of North Carolina violated the 14th Amendment’s Equal Protection Clause and associated federal statutes by considering race in admissions. I expect most universities will try to evade the ruling by using proxies for race to select students.

Persons: Charles Payne, Corey DeAngelis, Mark Kelly The Organizations: Austin American, Statesman, AP, Mark Kelly The U.S, Supreme, Harvard, University of North Locations: University of North Carolina

☆ For Many Big Cities, It’s Their First Rodeo. ‘You Don’t Do That In Cowboy World’
▼ + stars: | 2023-05-08 | by ( Charles Passy | Photographs Emily Kask For The Wall Street Journal | ) www.wsj.com time to read: 1 min

For those who follow the burgeoning sport of bull riding, the stars are naturally the riders themselves—who train for years to master the art of staying atop a 1,700-pound bucking bull for a full eight seconds, while maintaining a certain control, if not graceful authority. Then there’s Randy Spraggins, who’s charged with getting 750 tons of dirt–or 35 dump-truck loads—into New York City’s Madison Square Garden.

Analysts say what may appear as mixed messaging is the result of President Xi Jinping's renewed focus on national security, steeled by rock-bottom relations with rival superpower, the United States. A later speech in March at the National People's Congress was more pointed: China's security is being challenged by U.S. attempts to contain its rise, he said. In his October speech, he added "external security" and "international security", in what analysts say signals a new focus to counter foreign threats, namely Washington. Asked for its response to a list of questions for this story, China's foreign ministry said it was "not aware of the situation". BUSINESS JITTERSChina's security focus also risks isolating the country economically.

☆ How The Legend of Zelda Changed the Game
▼ + stars: | 2023-05-04 | by ( Zachary Small | Rumsey Taylor | ) www.nytimes.com time to read: +17 min

More than six million people watched the preview for hints about the next video game in Nintendo’s beloved Legend of Zelda franchise. Tears of the Kingdom, the next entry in the Legend of Zelda franchise, will encourage players to manipulate and combine objects to fight enemies and explore Hyrule. The immersive gameplay of the Zelda franchise is bolstered by its deep mythology , convincing players they are unearthing ancient secrets. Retrieving the Master Sword often marks the point in a Zelda game when the difficulty spikes and the stakes are raised. Clockwise, from top left: The Legend of Zelda (1986), A Link to the Past (1991), Ocarina of Time (1998) and The Wind Waker (2002).

☆ These Opera Singers Throw a Mean Right Hook
▼ + stars: | 2023-05-03 | by ( Charles Passy | Photographs Amir Hamja For The Wall Street Journal | ) www.wsj.com time to read: 1 min

In the ever-dramatic world of opera, conflicts of all sorts play out behind the scenes. Deep in the bowels of New York City’s Metropolitan Opera on a recent Saturday afternoon, a fight of a more literal sort broke out: a boxing match with punches aplenty, a few blistering taunts and even an eventual knockout.

☆ What Is King Charles’s Coronation For? - The New York Times
▼ + stars: | 2023-05-03 | by ( Hannah Rose Woods | ) www.nytimes.com time to read: +1 min

Once inside he will sit on the Coronation Chair, which is more than 700 years old and will temporarily house a block of Scottish sandstone known as the Stone of Destiny. He will put on, at some point, a 200-year-old cloak that is woven from gold cloth, embroidered with roses, thistles and shamrocks and lined with red silk. Britain’s monarchy and the country’s past are inextricably linked, and a coronation is an opportunity for the institution to nod at history and hope that history nods back. A successful coronation telegraphs to the world — and reflects back to as many Britons as possible — a version of who we’d like to think we are. The problem is that this coronation is arriving at a time when it’s not exactly clear what that is.

☆ The fallout from the banking volatility is far from obvious, says former Philadelphia Fed president
▼ + stars: | 2023-05-03 | 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 fallout from the banking volatility is far from obvious, says former Philadelphia Fed presidentCharles Plosser, former Philadelphia Fed president, joins 'Squawk on the Street' to discuss continued volatility in the banking sector, the Fed's inflation plan for 2023, and the policy response to the banking crisis.

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.

☆ From caviar to cardboard cutouts, businesses hope for coronation boost
▼ + stars: | 2023-05-01 | by ( Marie-Louise Gumuchian | ) www.reuters.com time to read: +3 min

[1/5] A view of souvenirs designed for the Coronation of Britain's King Charles in Windsor, Britain, April 29, 2023. Mugs, plates, tea towels, magnets, cushions and teddy bears are staple memorabilia for royal occasions and an array of these to mark King Charles' coronation on May 6 are already filling shop windows. Others are selling coronation varieties of the games pass the parcel, bingo and charades. John Lewis Partnership, the owner of the eponymous department stores and supermarket chain Waitrose, said last week searches for coronation products on its website had risen more than 262% on the previous week. “Our royal family selection of cardboard cut-outs have always been a favourite of our customers, with King Charles proving himself to be a top seller," an Argos spokesperson said.

☆ Meghan hits out at UK media over King Charles letters
▼ + stars: | 2023-04-22 | by ( ) www.reuters.com time to read: +2 min

The Daily Telegraph reported Meghan had written to the now king to express her concerns about unconscious bias in the royal family. It reported the Duchess of Sussex did not feel she had received a satisfactory response to her concerns. We encourage tabloid media and various royal correspondents to stop the exhausting circus that they alone are creating." Harry and Meghan stepped down from royal duties in March 2020, saying they wanted to make new lives in the United States away from media harassment. Reporting by Michael Holden; Writing by Kylie MacLellan; Editing by Jonathan Oatisditing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

☆ Quiche la reine? King Charles picks 'Coronation Quiche' to crown celebrations
▼ + stars: | 2023-04-17 | by ( ) www.reuters.com time to read: +1 min

LONDON, April 17 (Reuters) - Britain's King Charles and his wife Camilla have picked a recipe for "Coronation Quiche" for celebrations to be held next month when they are crowned, Buckingham Palace said on Monday. The dish, featuring spinach, broad beans and tarragon, is a nod to Coronation Chicken, a curry and mayonnaise-based dish which was invented for the 1953 coronation of Charles' mother Queen Elizabeth II that is still enjoyed today. "A deep quiche with a crisp, light pastry case and delicate flavours of spinach, broad beans and fresh tarragon. Eat hot or cold with a green salad and boiled new potatoes," said the recipe on the royal family's website, which accompanied a video clip featuring a royal chef preparing the dish. Reporting by Sachin Ravikumar; Editing by Angus MacSwanOur Standards: The Thomson Reuters Trust Principles.

☆ Don’t Be Surprised When the Boxers Start Belting Out Opera
▼ + stars: | 2023-04-09 | by ( Charles Passy | Photographs Amir Hamja For The Wall Street Journal | ) www.wsj.com time to read: 1 min

NEW YORK—In the ever-dramatic world of opera, conflicts of all sorts play out behind the scenes. Singers make royal demands of management. Musicians push for better pay. Deep in the bowels of New York City’s Metropolitan Opera on a recent Saturday afternoon, a fight of a more literal sort broke out: a boxing match with punches aplenty, a few blistering taunts and even an eventual knockout.

[1/7] BERLIN, GERMANY - MARCH 30: King Charles III addresses members of the German Bundestag at the Reichstag Building on March 30, 2023 in Berlin, Germany. The king, on the second day of a three-day trip to Germany, alternated between German and English for the half-hour speech, which won a standing ovation from lawmakers. Both Britain and Germany had shown "vital leadership", Charles said, praising Berlin's decision to provide large military support to Ukraine as "remarkably courageous, important and appreciated". Throughout his visit, German officials have praised his interest in environmental causes and sustainability that has shone through in the engagements he has chosen to understake. Charles had been due to travel first to France but cancelled that part of the tour due to violent social unrest there.

☆ China's super rich population drops as tech crackdown, global factors hurt wealth
▼ + stars: | 2023-03-23 | by ( ) www.reuters.com time to read: +3 min

[1/3] Jack Ma, billionaire founder of Alibaba Group, arrives at the "Tech for Good" Summit in Paris, France May 15, 2019. China lost 229 billionaires from the Hurun Global Rich List 2023, accounting more than half of the 445 people who disappeared from the list, which ranks moguls with a minimum net worth of $1 billion, the Hurun Report said on Thursday. The world's second biggest economy also added 69 new billionaires to the list during the period. In China, Jack Ma, founder of China's e-commerce giant Alibaba Group Holding , dropped to 52nd place from 34th a year earlier, due largely to China's regulatory crackdown on its tech sector. "The only thing I am not certain of is whether there would be a global financial crisis," he said.

☆ The more moral hazard we have, the less market discipline we have, says fmr. Philadelphia Fed Pres.
▼ + stars: | 2023-03-23 | 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 more moral hazard we have, the less market discipline we have, says fmr. Philadelphia Fed Pres. Charles Plosser, former Philadelphia Fed president, joins 'Closing Bell' to discuss yesterday's Fed rate decision and the messaging surrounding banks and keeping depositors safe.

☆ The Fed has been overly precise with fighting inflation, says former Philadelphia Fed president
▼ + stars: | 2023-03-17 | 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 Fed has been overly precise with fighting inflation, says former Philadelphia Fed presidentCharles Plosser, former Philadelphia Fed president, joins 'Squawk Box' to discuss stubborn movement in long-term treasuries, the bank crisis helping a slowdown in inflation, and the need for a pause in Fed policy.

☆ Microsoft adds OpenAI technology to Word and Excel
▼ + stars: | 2023-03-16 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +5 min

Photographer: Charles Pertwee/Bloomberg via Getty ImagesMicrosoft is bringing generative artificial intelligence technologies like the popular ChatGPT chatting app to its Microsoft 365 suite of business software. features, dubbed Copilot, will be available in some of the company's most popular business apps like Word, PowerPoint and Excel. The Copilot technology is built upon a type of artificial intelligence software known as a large language model, or LLM. Microsoft executives demonstrated some of the capabilities of its Copilot tool on Thursday during an online presentation. In February, Microsoft debuted a new version of its Bing search engine that included a chatbot powered by OpenAI's GPT-4 language technology.

☆ Rupert Murdoch testified that Fox News hosts lied about the 2020 election. Here's why it wasn't a misstep.
▼ + stars: | 2023-03-06 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +8 min

Rupert Murdoch admitted Fox News hosts endorsed falsehoods about the 2020 election. Murdoch chairs Fox Corporation, which argues it isn't responsible for claims made on subsidiary Fox News. Here was the chair of Fox Corporation, a 91-year-old mogul atop a conservative media empire, admitting to lies that damaged democracy. When asked by Dominion's lawyers in a January deposition whether he thought Fox hosts were truthful about the election, Murdoch was candid. Fox Corporation also manages subsidiaries like Fox Sports, a large number of local TV stations, TMZ, Tubi, and a blockchain company.

☆ Wyoming Republicans are criticizing a child marriage bill that seeks to raise the legal age to 18. It's sponsored by one of their own party members.
▼ + stars: | 2023-02-12 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

A new bill seeks to set a minimum age of 18 with an exception for 16 and 17-year-olds. The Wyoming Republican Party sent an email Thursday raising "concerns about constitutional rights." The bill is sponsored by Rep. Dan Zwonitzer, a Republican, and would raise the state's legal marriage age to 18 years old. The Wyoming Republican Party did not immediately respond to a request for comment. Rep. Mike Yin, a Democrat, tweeted a copy of the Wyoming Republican Party email on Thursday and accused the group of wanting children to get married "full stop."

REUTERS/Charles PlatiauCHICAGO/DETROIT, Jan 31 (Reuters) - The companies that produce goods at the heart of the U.S. consumer economy - SUVs, washing machines, heavy equipment and hamburgers - kept rolling along at the end of 2022. Bellwethers including McDonald's (MCD.N), General Motors, Exxon Mobil (XOM.N), appliance maker Whirlpool (WHR.N) and delivery giant United Parcel Service (UPS.N), posted results that exceeded estimates. That's a good sign for the broader economy, according to Lori Calvasina, equity analyst at RBC Capital Markets. The economy's performance may depend on whether price pressures that have afflicted consumer and business spending start to wane. "As we go into 2023, there is going to continue to be inflation," said Christopher Kempczinski, McDonald's CEO, on the company's earnings call Tuesday.

☆ Ukraine is getting a new heavy-duty armored vehicle to haul its damaged tanks off the battlefield, US officials say
▼ + stars: | 2023-01-25 | by ( Christopher Woody | Jake Epstein | ) www.businessinsider.com time to read: +7 min

US officials announced on Wednesday that US-made Abrams tanks would be sent to Ukraine. Ukraine will receive other armored vehicles, including a US-made vehicle designed to haul others off the battlefield. Along with the Abrams, the US will send another armored vehicle designed to haul tanks and other vehicles off the battlefield. The US announcement that it would send Abrams tanks to Ukraine comes after the US and other European partners announced that they would be sending other armored vehicles to Ukraine in the near future. This opened the door for other countries to send armored combat vehicles to Kyiv.

☆ Fact Check- Alleged reference to ‘got your nose’ joke in Prince Harry’s ‘Spare’ is not authentic
▼ + stars: | 2023-01-24 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

Some social media users, however, have been duped into thinking it’s an authentic segment of the memoir. “Good grief this is such an old tradition that sooo many parents and grandparents used to do and still do. No such phrase is found in Prince Harry’s “Spare” (here)The fabricated extract appears to have been first shared by Facebook page “Belfast Mafia” (here). The page, listed under category “Just for Fun” has posted other purported extracts alongside pictures of Prince Harry. This is not a real extract from Prince Harry’s “Spare”.

☆ US Border Officials Fighting Mexico Egg Smuggling, As Prices Soar
▼ + stars: | 2023-01-22 | by ( Aidan Pollard | ) www.businessinsider.com time to read: +2 min

As egg prices continue to rise in the US, some are attempting to bring cheaper eggs illegally from Mexico over the border. But transporting uncooked eggs poses a risk of disease and could cost smugglers thousands in fines, officials say. Prices in Mexico can be less than half of what some in the US pay, NPR reported. While the prospect of lower egg prices is tempting, customs officials have noticed the increase. Seizures of eggs at the US-Mexico border rose 108% from October to December in 2022, according to Border Report.

☆ This is the M1 Abrams, the powerful US battle tank that Kyiv wants but can't have
▼ + stars: | 2023-01-21 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +7 min

But German Leopards and American Abrams tanks are still off the table. "I just don't think we're there yet," Colin Kahl, undersecretary for defense policy, said this week, "The Abrams tank is a very complicated piece of equipment," he argued. Just over 2,000 Abrams tanks were deployed with combat units during the war, and only 23 were damaged or destroyed. In the aftermath of the Gulf War, the US military developed the M1A2 Abrams, which has steadily been upgraded over the past two decades. The Abrams tank also saw extensive combat early in the Iraq War and was used to some extent in Afghanistan.

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