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☆ June jobs report preview: Growth but gradual cooling expected
▼ + stars: | 2023-07-06 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

Minneapolis CNN —When the June jobs report lands on Friday, it’s all but certain to show that the US labor market has added jobs for 30 consecutive months. And this year’s monthly average of 314,000 net job gains far exceeds what was seen before the pandemic, including during that 100-month stretch post-Great Recession. Sarah House, senior economist at Wells Fargo, said she’s expecting a “gradual cooling” to wash over the labor market. “The jobs market is not collapsing,” she said. The timing of the Fourth of July holiday resulted in a load of labor market data landing within 24 hours of the government’s monthly jobs report.

Persons: Sarah House, she’s, ”, wilder, Andy Challenger, ” Aaron Terrazas Organizations: Minneapolis CNN, Federal Reserve, of Labor Statistics, Labor, Challenger, Fed Locations: Minneapolis, Wells Fargo

☆ Opinion: ‘No Hard Feelings’ with Jennifer Lawrence is a sex worker romcom that won’t admit it
▼ + stars: | 2023-06-23 | by ( Opinion Noah Berlatsky | ) edition.cnn.com time to read: +7 min

Friday’s debut of “No Hard Feelings,” a sex work romcom that doesn’t want to admit to its own subgenre, is very much of our era. Noah Berlatsky Noah BerlatskyThe Jennifer Lawrence vehicle from Sony Pictures revolves around a sex worker who, like the film, doesn’t want to admit what she’s doing. In sex worker romcoms, you’re supposed to be scandalized at the sordidness — but in a fun way. Anti-sex and anti-porn advocates have put a lot of effort into (falsely) conflating sex work and sex trafficking. Every film, sex worker romcom or otherwise, doesn’t have to be enthusiastically political, or, for that matter, sexual.

Persons: Noah Berlatsky, we’re, Noah Berlatsky Noah Berlatsky, Jennifer Lawrence, Maddie, Lawrence, Uber, Laird, Matthew Broderick, Allison, Laura Benanti, Percy, Andrew Barth Feldman, ” Percy, romcoms, Billy Wilder’s “ Irma La Douce, Ron Howard’s, Vivian Ward, Julia Roberts, Edward Lewis, Richard Gere, Stock, Pixie “, Richard Gere’s Edward isn’t, Rebecca De Mornay’s Lana isn’t, revel, ”, you’re, Rebecca de Mornay, Lana, she’s, Irma La Douce, Barbara Stanwyck, Leo Grande ”, Nancy, Emma Thompson, Leo Grande, Daryl McCormack Organizations: CNN, Sony Pictures, Pictorial Press, Library, Twitter Locations: Chicago, Montauk , New York

☆ Who Bailed George Santos Out? Court Is Set to Reveal the Mystery.
▼ + stars: | 2023-06-22 | by ( Michael Gold | Grace Ashford | ) www.nytimes.com time to read: +1 min

Of the many questions that surround Representative George Santos, one has recently taken center stage: Who guaranteed the $500,000 bond that allowed him to be released from federal custody last month? Mr. Santos, 34, and his lawyer have for weeks attempted to thwart efforts to make public the names of his guarantors, at one point claiming to the court that Mr. Santos — who awaits trial on 13 federal criminal charges — would rather go to jail than have them revealed and subjected to public scrutiny. But the mystery surrounding Mr. Santos’s bond is expected to be resolved at noon Thursday, after a federal judge in the Eastern District of New York dismissed his appeal to keep the names sealed. Some of the wilder theories about the source of the bail funds were seemingly put to rest. In court filings opposing the disclosure of the so-called sureties, Mr. Santos’s lawyer, Joseph Murray, all but declared that Mr. Santos’s guarantors were relatives.

Persons: George Santos, Santos, Santos —, —, Santos’s, wilder, Joseph Murray, Santos’s guarantors Organizations: of New York Locations: Eastern

☆ Mike Pence Says Donald Trump May Ditch Conservatives
▼ + stars: | 2023-06-17 | by ( Kyle Peterson | ) www.wsj.com time to read: 1 min

U.S. politics just got wilder. Images: Reuters/AFP/Getty Images Composite: Mark KellyAmong the oddities of the 2024 presidential campaign is a contest between a former president and his vice president. Why should Republican primary voters favor Mike Pence over the man who put him on the ticket seven years ago? “Donald Trump promised to govern as a conservative, and we did for four years,” Mr. Pence says. I mean, with regard to a whole range of issues, he and a few others in this field are moving away from a traditional conservative agenda.”

Persons: wilder, Mark Kelly, Mike Pence, “ Donald Trump, ” Mr, Pence, “ Organizations: AFP, Getty, Republican Locations: .

☆ Are You Up For a ‘Soft’ Adventure? 3 Vacation Ideas for the Mildly Outdoorsy
▼ + stars: | 2023-06-15 | by ( Nina Molina | ) www.wsj.com time to read: 1 min

EASY DOES IT A trek to Haida Gwaii includes a hike to old-growth forests. Photo: Entrée CanadaWREN HUDGINS has “always been an outdoorsy person”—but while still drawn to the planet’s wilder locales, the retired psychologist from Issaquah, Wash., has been taking fewer risks since entering his 70s. In recent years, Hudgins and his wife, Leigh, have embarked on a handful of trips with Aurora Expeditions, a travel company based in Surry Hills, Australia, specializing in cruises and tours to places like Svalbard, Norway, where the couple experienced “adventure in small doses.”

Persons: WREN HUDGINS, Hudgins, Leigh Organizations: Aurora Expeditions Locations: Issaquah, Wash, Surry Hills, Australia, Svalbard, Norway

☆ ‘Asteroid City’ Review: Our Town and Country
▼ + stars: | 2023-06-15 | by ( Manohla Dargis | ) www.nytimes.com time to read: +2 min

“Asteroid City,” the latest from Wes Anderson, is filled with the assiduous visuals, mythic faces and charming curiosities that you expect from this singular filmmaker. It’s partly set in 1955 in a fictional Southwest town, a lonely four corners with a diner, gas station and motor inn. Palm trees and cactuses stipple the town, and reddish buttes rise in the distance. It opens in black-and-white on an unnamed television host (Bryan Cranston, severe and mustachioed) in a studio. It looks like a film, a meticulous, detailed, visually balanced wide-screen Wes Anderson one.

Persons: Wes Anderson, Anderson, Bryan Cranston, that’s, Edward Norton, Thornton Wilder’s, John Deere, Jeffrey Wright, Tilda, Tom Hanks, Adrien Brody Organizations: Tilda Swinton Locations: Southwest, Asteroid

☆ Where is the best place in New York City for a finance office?
▼ + stars: | 2023-06-12 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

So if you have to come in, where's the best place to go? Note: Most of the companies listed below have multiple office locations beyond the one listed. An open letter to big banks going through an identity crisis. My open letter to big banks. Here's a list of nearly a dozen of the best chocolates you can buy, according to a professional chocolatier.

Persons: Dan DeFrancesco, we've, Spencer Platt, It's, Goldman Sachs, BNY Mellon, We'll, Morgan Stanley, Jefferies, You've, I'm, Gene Wilder, Willy Wonka, Stephanie Cohen, Banks, We've, Brace, it's, Jeffrey Cane, Hallam Bullock Organizations: Getty, Apple, Downtown . Companies, NYSE, BNY, Metro North, . Companies, Bank of America, Barclays, BNP, Midwest, Midtown East . Companies, Blackstone, Millennium, Grand Central, Yards, Hudson Yards, Plaid, Rho Technologies, Connecticut . Companies, Paramount, Maverick Capital, Tiger Global, D1, JPMorgan, LinkedIn Locations: Downtown, JPMorgan, MarketAxess, BlackRock, midtown, — Flatiron, NoHo, Connecticut, Bridgewater, AQR, London, Citadel, New York

☆ What 'Ted Lasso' gets wrong about venture capital
▼ + stars: | 2023-06-09 | by ( Melia Russell | ) www.businessinsider.com time to read: +6 min

Keeley (Juno Temple) starts her own PR agency with funding from an elite venture capital firm. To her dismay, the venture firm installs a chief financial officer to keep watch over the agency and its freewheeling founder. Even Edelman, the world's largest PR firm, cracked $1 billion in revenue after 70 years in business only last year. "The logic that a PR agency would be a good VC deal is ratchet," said Kathy Osborne, founder of Kamel PR. Overnight, the venture firm fires Keeley's staff and shuts down the company, without so much as a call to Keeley.

Persons: Ted Lasso, Keeley, Keeley Jones, girlboss, what's, Juno Temple, Jack Danvers, Keely Jones, Jodi Balfour, Edelman, Kathy Osborne, Kamel, who's, Jack hadn't, Beard, Jack, hasn't, Cash, Barbara Organizations: Apple, Juno, Apple TV, Public Relations, Kamel PR Locations: American, English

☆ A world in three islands on the Mediterranean
▼ + stars: | 2023-05-25 | by ( Pavlo Fedykovych | ) edition.cnn.com time to read: +16 min

CNN —In the middle of the Mediterranean Sea lies a small country made up of three inhabited islands and irresistible allure. Across its three inhabited islands – Malta, Gozo and Comino – you’ll find every sun-soaked aspect of the perfect vacation. The solution: Marsaskala, towards the southeastern tip of Malta island. Mellieħa Bay and St. Paul’s BayBugibba is a classic seaside resort town in St. Paul's Bay. The population is a modest two people, there are no cars, and no signs of globalization – just the untouched Mediterranean.

☆ Scafell Pike: Dog rescued after scaling England's highest mountain
▼ + stars: | 2023-05-16 | by ( Jack Guy | ) edition.cnn.com time to read: +2 min

CNN —A 13-strong rescue team has rescued an “injured and exhausted” dog from England’s highest mountain in an operation lasting more than four hours. ET), according to the Keswick Mountain Rescue team, which sent 13 members to assist. The dog was carried down Scafell Pike in a bag on a stretcher. The rescue operation took a total of five hours and 16 team members of the Wasdale Mountain Rescue Team. The walking there is legendary, whether it’s scaling Scafell Pike or exploring wilder hills like Blencathra, further north.

☆ Photos from NASA's Mars rover show the red planet's ancient rivers were much wilder than scientists first thought
▼ + stars: | 2023-05-15 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

NASA's Mars rover found evidence to suggest deep, powerful rivers once raged on the red planet. The Perseverance rover took close-up images a specific region in Jezero Crater for the first time. The discovery may help scientists figure out what kind of ancient life existed on the planet. Scientists studying rock formations, features, and valleys on Mars, so far, have found evidence to suggest Mars was once covered by water. NASA/JPL-Caltech/ASU/MSSSAnother image from Perseverance further supports this idea of a powerful ancient river that once roared across Jezero Crater.

☆ TikTok is quietly moving in on record labels' territory and insiders say its ambitions could end up 'pissing off' music partners
▼ + stars: | 2023-05-15 | by ( Dan Whateley | ) www.businessinsider.com time to read: +12 min

Its music ambitions could ruffle feathers at record labels and publishers — unless it pays out. TikTok's app regularly sparks trends that help songs go viral, making it a favorite of marketers at major labels and independents. TikTok works closely with record labels and artists on promotional efforts like livestreamed concerts, in-person performances, and private listening parties with TikTok stars. Spotify has maintained a tenuous relationship with the labels over the years as it's sought to balance profit margins while splitting revenue with artists, labels, and publishers. Still, even as record labels and publishers push TikTok to pay more to music rights holders, they're investing more in the app.

☆ Tony Awards Nominations 2023: The Complete List
▼ + stars: | 2023-05-02 | by ( Rachel Sherman | Gabe Cohn | ) www.nytimes.com time to read: +1 min

Follow our live updates on the Tony Awards nominations. Nominations for the 2023 Tony Awards were announced Tuesday by the actress Lea Michele, who is currently in “Funny Girl” on Broadway, and Myles Frost, who won a 2022 Tony Award for his portrayal of Michael Jackson in the Broadway musical “MJ.” Some categories were read live on CBS at 8:30 a.m. Eastern; others were unveiled through a livestream on the Tony Awards YouTube page. A total of 38 shows were vying for Tony nominations this year. “Some Like It Hot,” a Broadway musical version of the Billy Wilder film, picked up the most nominations of any show, with 13 in all. The musicals “& Juliet,” “New York, New York” and “Shucked” each followed with nine nominations.

Companies The World Bank Group FollowApril 27 (Reuters) - The World Bank has approved a $150 million loan to support sustainable growth and climate resilience in Panama, the lender said in a statement on Thursday. The Development Policy Loan (DPL) represents the first of two operations in the Central American country, it added, which are designed to support the energy transition, socially-inclusive growth and sustain capital for resilient growth. The project is also expected to help Panama decarbonize its land transportation, protect its ocean, conserve forests and implement more energy efficient policies, it said. "This financial operation will enhance Panama's efforts in establishing the policy foundations to foster the country's sustainable economic growth, low emissions and resilience to climate change," Panama's economy and finance minister, Hector Alexander, said in the statement. Reporting by Sarah Morland; Editing by Anthony EspositoOur Standards: The Thomson Reuters Trust Principles.

☆ I got to play the latest 'Legend of Zelda' game early. Here's a preview of the biggest game the year.
▼ + stars: | 2023-04-26 | by ( William Antonelli | ) www.businessinsider.com time to read: +7 min

"The Legend of Zelda: Tears of the Kingdom," Nintendo's biggest game this year, is releasing May 12. Last week, Nintendo invited Insider to play a demo of the game. Here are my first impressions of "Tears of the Kingdom," a wonderfully creative game that delivers on its hype. There are few games that have built more hype and anticipation than the newest Zelda game, "The Legend of Zelda: Tears of the Kingdom." "The Legend of Zelda: Tears of the Kingdom" releases on May 12.

The timeline shows the challenges of quickly finding and implementing replacements for Packers Sanitation Services Inc (PSSI), which provides cleaning services at slaughterhouses. "We made the decision to terminate the agreements with PSSI," Hans Kabat, who leads Cargill's protein business in North America, told Reuters. Cargill said it notified PSSI in March that it was terminating services at a beef plant in Dodge City, Kansas, and then followed with all PSSI's sanitation contracts. One of the largest penalties stemmed from PSSI's contracts at Cargill's plant in Dodge City. Cargill, the world's largest ground beef producer, is reviewing options for cleaning plants, Kabat said.

WASHINGTON, April 25 (Reuters) - Chrysler-parent Stellantis NV (STLAM.MI) wants to cut approximately 3,500 hourly U.S. jobs and is offering voluntary exit packages, according to a United Auto Workers union letter made public Tuesday. A person briefed on the matter said the figure might be lower than the figure cited in the UAW letter. The action impacted about 1,350 workers at the Belvidere, Illinois, plant that built the Jeep Cherokee SUV and resulted in indefinite layoffs. The UAW letter said openings created by workers leaving would be filled by workers on indefinite layoff. Stellantis said in February that about 40,000 U.S. hourly workers were eligible for profit sharing.

The proposal aims to increase both demand for and supply of sustainable aviation fuels (SAF), which have net-zero CO2 emissions or low carbon emissions. The proposal sets binding targets for aviation fuel suppliers to ensure that all fuel made available to aircraft operators at EU airports contains a minimum share of SAFs from 2025, with the target increasing to 2050. In the nearer term, sustainable fuel is one of the few options to reduce air travel's carbon footprint. Airlines are set to receive around 2 billion euros in funding from the EU carbon market to help them switch to SAF. Biofuels can count towards the main SAF targets, so long as they comply with the EU's biomass sustainability criteria.

Companies European Central Bank FollowLONDON, April 24 (Reuters) - France's central bank governor François Villeroy de Galhau has pushed back against criticism of central banks' increasing involvement in the fight against climate change, calling the issue a "must have" focus. "Central banks' core mandate worldwide is price stability, and climate change already affects the level of prices and activity," Villeroy stressed. The debate about how much influence central banks can have in tackling climate issues has become increasingly divisive this year. Villeroy, however, who has long been a firm advocate of doing more, urged central banks and others to come up with better models of how climate change is likely to alter economies. It is also aiming to release short-term climate change scenarios by the end of 2024, which should show more adverse developments, incorporate tougher "shocks" and directly explore the potential impacts of climate change on inflation.

LONDON, April 24 (Reuters) - Issuing "catastrophe bonds" and setting up public-private partnerships could help plug the "insurance gap" to better cover damage from climate change, a discussion paper from the European Central Bank and European Union insurance regulators said on Monday. Only a quarter of EU climate-related catastrophe losses are insured, creating risks to the economy and financial stability from uninsured households and businesses not being able to recover quickly from extreme events like fire or flood, the paper from the ECB and EU insurance watchdog EIOPA said. Without action, the insurance gap could widen as more frequent and intense events lead to higher premiums, and impact credit supply from banks in high risk areas. Direct aggregate catastrophe losses in the EU totaled 487 billion euros ($535 billion) between 1980 and 2020, and insurer Swiss Re has estimated there were $120 billion of catastrophe losses globally last year. Actions could include incentivising people and businesses to mitigate against climate-related disasters by offering discounts on policies, the paper said.

☆ Tesla's price cuts highlight Elon Musk's last advantage in the EV business
▼ + stars: | 2023-04-23 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

Teslas are cheaper than everA Tesla Model Y. Patrick Pleul/Getty ImagesIn the market for a new car? Elon Musk's hoping that recent price cuts might turn you on to a Tesla. The billionaire might just be turning to his one remaining advantage in the EV business. But Tesla can cut prices and still deliver profits, something rival automakers struggle to do in their EV businesses. While Tesla investors are worrying about profits, Musk's rivals have their own reasons to be concerned, Stephen Beck, founder and managing partner of consultancy cg42, told Insider.

OTTAWA, April 22 (Reuters) - A union representing some 155,000 striking Canadian public workers called on Saturday for Prime Minister Justin Trudeau to speed up negotiations over a deal for higher wages and work-from-home guarantees. "I need to see the prime minister getting involved in these negotiations and helping and assisting to move these negotiations along," Aylward said. "There is no time, nor tolerance for stalling and misinformation," the office of Treasury Board President Mona Fortier said in a statement. Tax agency workers want a pay bump of 22.5% over three years, while the Treasury Board workers are seeking a 13.5% pay rise over three years. Apart from wages, PSAC also wants the new agreement to recognize the right to work remotely.

A Reuters review of testimony, previously unreported public documents and interviews with elected leaders, lobbyists and attorneys detail mounting challenges to many pending anti-ESG bills. The tussles have financial implications for some of the largest investment firms that manage billions of dollars for state pension plans. Lauren Doroghazi, senior vice president at government relations consultant MultiState Associates, said the debates show lawmakers coming to terms with the anti-ESG bills' practical impact. Several public pension systems raised concerns about it, including the largest, the $182 billion Texas Teacher Retirement System (TRS). For instance, if federally-regulated local banks faced new national rules on an issue like climate change disclosures, banks would need special permissions from local officials to keep public business in Utah he said.

Companies Bp Plc FollowOSLO, April 22 (Reuters) - Norway's $1.4 trillion sovereign wealth fund, one of the world's largest investors, said on Saturday it will vote against a resolution calling on British oil major BP (BP.L) to adopt tougher greenhouse gas targets. The Norwegian fund, itself built on oil and gas revenue, owned 2.73% of BP's shares worth some $2.8 billion at the end of 2022. BP's board has recommended that shareholders vote against the resolution saying it was "unclear" what it wanted the company to do. Investor advisers ISS and Glass Lewis also recommended BP shareholders oppose the resolution, while Britain's Local Authority Pension Fund Forum (LAPFF) asked investors to back it. In February BP rowed back on plans to slash its 2019 oil and gas output levels by 40% by 2030, and now it envisages a 25% cut, angering climate activists.

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