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☆ H&M shares jump 11% as summer collection boosts profit
▼ + stars: | 2023-06-29 | by ( ) www.cnbc.com time to read: +3 min

Sales from June 1-27 were up 10% from a year earlier, a good sign for the start of H&M's third quarter. The womenswear collection drove the boost in sales, Helmersson told a news conference. Shares in the world's second-biggest fashion retailer jumped 11% to hit their highest level since February 2022. The stronger-than-expected profit and inventory position helped investors digest a weaker margin of 8.2% for the second quarter, down from 9.2% a year earlier. H&M last year announced layoffs and other cost cuts that it said would help it reduce costs from the second half of 2023 onwards.

Persons: Helmersson, Helena Helmersson, Inditex, Cedric Rossi, Bryan Garnier, Rossi Organizations: Oxford Locations: London, Europe, Zara, Paris, Swedish

☆ China's economy could be 'quite a bit larger' than the United States' by 2050, says Fitch Solutions
▼ + stars: | 2023-06-21 | 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 EmailChina's economy could be 'quite a bit larger' than the United States' by 2050, says Fitch SolutionsCedric Chehab, global head of country risk at Fitch Solutions, says China's economy will be a "little bit larger" than the United States' by 2037.

Persons: Cedric Chehab Organizations: Fitch Solutions Locations: United States

☆ Fact Check-Photo misidentifying Harvard Medical School morgue manager circulates online
▼ + stars: | 2023-06-20 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

The person in the photo, Jeremy Pauley, is also allegedly involved in the trafficking scheme as a client who bought human remains. A press release on the indictment can be read (here). On Facebook, users sharing a photo of Pauley said: “this is the morgue manager of the Harvard Medical school. Pauley, who was previously arrested in 2022 for buying human remains on Facebook, is also accused of involvement in the human remains trafficking scheme from the June 14, 2023 indictment. A photo of a man with facial tattoos and piercings circulated online shows Jeremy Pauley, not Cedric Lodge, the former Harvard Medical School morgue manager.

Persons: Cedric Lodge, Jeremy Pauley, Pauley, Matthew Lampi, Read Organizations: Harvard Medical School, Reuters, Facebook, Harvard Medical, Associated Press, Pennsboro Township Police, Attorney’s, Middle District of Pennsylvania Locations: Pennsboro Township, Pennsylvania, Middle District, Arkansas

June 14 (Reuters) - The former morgue manager at Harvard Medical School was among five people indicted by a grand jury on Wednesday over allegations they stole and sold body parts from cadavers donated to the school, federal prosecutors said. The buyers mostly resold the body parts, prosecutors said. A sixth person was previously charged in Arkansas in the same investigation on suspicion of stealing body parts from a mortuary she worked for, prosecutors said. People whose body parts were sold had volunteered their remains to be used to educate medical professionals, Karam said. The Harvard Medical School cooperated with the investigation, he said.

Persons: Cedric Lodge, Gerard Karam, Karam, George Daley, Daley, Lodge, Brad Brooks, Donna Bryson, Grant McCool Organizations: Harvard Medical, Attorney's, Middle, Prosecutors, Harvard, Reuters, FBI, ABC News, U.S, Harvard Faculty of Medicine, Harvard Medical School, Thomson Locations: U.S, Middle District, Pennsylvania, Scranton , Pennsylvania, Boston , Massachusetts, Arkansas, Lubbock , Texas

☆ Former Harvard morgue manager is accused of stealing, selling and shipping human body parts, indictment says
▼ + stars: | 2023-06-14 | by ( Laura Ly | ) edition.cnn.com time to read: +5 min

CNN —A former morgue manager at Harvard Medical School is facing federal charges for allegedly stealing, selling and shipping human body parts, according to an indictment. “The theft and trafficking of human remains strikes at the very essence of what makes us human. Cedric Lodge was fired by Harvard Medical School on May 6, according to a letter from the university. Human remains are voluntarily donated to Harvard’s medical school for educational purposes. Maclean allegedly paid Cedric Lodge $600 for two dissected faces in October 2020, the indictment said.

Persons: CNN —, Cedric Lodge, “, Lodge, Denise, Katrina Maclean, Joshua Taylor, Maclean, Taylor, Christopher Opiel, Pennsylvania Gerard M, Karam, ”, Cedric, Denise Lodge, ” Both Maclean, ’, ” “, altruistically, George Daley, Edward Hundert Organizations: CNN, Harvard Medical, Court, Middle, Middle District of, Harvard Medical School, University, Harvard, US Postal, Lodges, US Locations: Boston, Massachusetts, New Hampshire, Middle District, Middle District of Pennsylvania, Peabody , Massachusetts, Pennsylvania, Arkansas, Tewksbury , Massachusetts

☆ Harvard Medical School Morgue Manager Sold Body Parts, U.S. Says
▼ + stars: | 2023-06-14 | by ( Michael Levenson | ) www.nytimes.com time to read: 1 min

The manager of a morgue at Harvard Medical School has been charged with selling body parts from donated cadavers and allowing buyers to come to the morgue to choose which parts they wanted, federal prosecutors said on Wednesday. Prosecutors said that the manager, Cedric Lodge, 55, and his wife, Denise Lodge, 63, both of Goffstown, N.H., and three others had been indicted by a federal grand jury in Pennsylvania on charges of conspiracy and interstate transport of stolen goods. A sixth person, Jeremy Pauley, 41, of Bloomsburg, Pa., was charged separately, prosecutors said. A seventh, Candace Chapman Scott, of Little Rock, Ark., was previously indicted in Arkansas, prosecutors said. The defendants were all part of a nationwide network that bought and sold human remains stolen from Harvard Medical School and a mortuary in Little Rock where Ms. Scott worked, prosecutors said.

Persons: Cedric Lodge, Denise Lodge, Jeremy Pauley, Candace Chapman Scott, Scott Organizations: Harvard Medical, Wednesday, Prosecutors, Harvard Medical School Locations: Pennsylvania, Bloomsburg, Pa, Arkansas, Little Rock

☆ Sabalenka Skips French Open News Conference Citing Her Mental Health
▼ + stars: | 2023-06-02 | by ( Matthew Futterman | ) www.nytimes.com time to read: +1 min

Aryna Sabalenka’s day began with a routine demolition of Kamilla Rakhimova of Russia that propelled the world’s second-ranked player, who is from Belarus, into the second week of the French Open as expected. But then Sabalenka put herself, the tournament and tennis once more at the center of the debate over sports and the war in Ukraine by refusing to attend the mandatory post-match news conference. She said she had felt unsafe during a previous news conference this week when a journalist from Ukraine asked Sabalenka about her support of President Alexandr G. Lukashenko of Belarus, which has supported Russia’s war against Ukraine. “On Wednesday I did not feel safe in press conference,” Sabalenka was quoted as saying at the beginning of a transcript of her statements following her 6-2, 6-2 win over Rakhimova. “I should be able to feel safe when I do interviews with the journalists after my matches.

Persons: Aryna, Sabalenka, Alexandr G, Lukashenko, ” Sabalenka, “, ” Cédric Laurent Organizations: Ukraine, “ Locations: Russia, Belarus, Ukraine, French

☆ ‘Rise’ Review: Step, Repeat, Recover
▼ + stars: | 2023-06-01 | by ( Natalia Winkelman | ) www.nytimes.com time to read: +1 min

The remainder of “Rise,” directed by Cédric Klapisch, traces Elise’s lengthy but rather untroubled road to recovery, both of body and of confidence. Much of this coming-of-age work occurs at a picturesque artists’ retreat in a seaside villa where Elise, limping but breezy, accepts a job preparing meals. And what luck that her cooking gig should coincide with the residency of an esteemed contemporary dance troupe — one that includes a break dancing hunk, Mehdi (Mehdi Baki), who Elise had admired back home. This is a sweet, uncomplicated story relayed with enough entrancing dance breaks to fill an American halftime show. It drives home a point we already intuit: the dialogue is incidental when the dancing is this expressive.

Persons: ”, Cédric Klapisch, Elise, Mehdi, Mehdi Baki, Barbeau Organizations: Paris Opera Ballet, intuit Locations: American

☆ Just what is phygital art, and why is Dubai going big on it?
▼ + stars: | 2023-05-29 | by ( Mark Tutton | ) edition.cnn.com time to read: +8 min

CNN —“Phygital art” may not be the most elegant phrase in the English language, but it is generating a buzz in certain circles. The Art Dubai international fair has a digital component exploring new media and technology trends, including phygital works. Separately, Christie's hosted its Art + Tech Summit at Art Dubai this year. Pablo del Val: Phygital works of art can also be NFTs, but a phygital work of art doesn’t necessarily need to be an NFT. Cedric Ribeiro/Getty Images Europe/Getty Images for Art DubaiWhy is phygital art important to you?

☆ Why major commercial real estate firms are joining resources to recruit Black student-athletes
▼ + stars: | 2023-05-27 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

Cedric Bobo discusses a new program for Black student-athletes to transition into the commercial real estate market. Bobo made a name for himself in real estate investing and then decided to pay it forward. Eager to diversify their workforces, some of the largest real estate development, finance and management firms have signed on to fund the internships and mentor the students. The program has trained more than 5,000 participants from over 350 universities worldwide and has partnered with over 250 real estate firms. He is now an acquisitions and development associate at Catalyst Housing Group, a California-based real estate development firm and a financial backer of the new partnership.

☆ MLB roundup: Surging Cardinals down Dodgers for fourth straight series win
▼ + stars: | 2023-05-22 | by ( ) www.reuters.com time to read: +12 min

Cardinals starter Jack Flaherty allowed three runs on four hits and four walks with five strikeouts in 4 2/3 innings. Yankees 4, Reds 1Harrison Bader belted a two-run homer and Luis Severino pitched effectively into the fifth inning in his season debut, lifting New York past host Cincinnati. The 2-0 cushion proved enough to send the Phillies to a second straight win after losing five straight. In his fourth appearance, the left-hander went six innings and allowed one run on one hit, one walk and a career-high seven strikeouts. Mariners starter George Kirby (5-3) pitched seven innings and allowed three runs on six hits, one walk and six strikeouts.

☆ MLB roundup: Cardinals blitz Brewers 18-1
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +5 min

Jack Flaherty (3-4) fanned a season-high 10 while blanking the Brewers on three hits in seven innings as the Cardinals won for the seventh time in eight games. Freddy Peralta (4-3) allowed six runs on six hits and five walks in 5 1/3 innings for the Brewers, whose three-game winning streak ended. Adam Frazier and Anthony Santander each hit a two-run homer and Cedric Mullins added a solo shot for the Orioles. Raleigh, who went 3-for-5, hit two-run shots in the fifth and sixth innings, logging his second multi-homer game of the season. Eugenio Suarez also blasted a two-run homer as part of Seattle's 15-hit attack.

☆ MLB roundup: Mets post 8-run inning, whip Nats in Max Scherzer's return
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +12 min

For seven innings, the game was a pitchers' duel between Cleveland rookie Tanner Bibee and the Angels' Patrick Sandoval. Zach Elfin (5-1) got the win after allowing four runs on seven hits in his six innings, striking out nine and walking one. Royals starter Jordan Lyles (0-7) was tagged for seven runs in 2 1/3 innings, allowing four hits and three walks. The loss overshadowed another strong outing by Giants starter Logan Webb, who allowed one run on three hits over seven innings. Boston's Corey Kluber (2-5) surrendered four runs on seven hits in five innings.

☆ MLB roundup: Orioles score 13, take another series
▼ + stars: | 2023-05-05 | by ( ) www.reuters.com time to read: +8 min

After mounting an 8-1 advantage in the third, the Orioles surrendered the lead on eight straight Royals runs. Marlins left-hander Jesus Luzardo (2-2) allowed seven hits, three walks and four runs (three earned). Rays 3, Pirates 2Zach Eflin threw seven shutout innings to help host Tampa Bay complete a three-game sweep of Pittsburgh. The Red Sox put up a series-high 16 hits -- delivering one more hit in each successive game of the series after 13 on Monday. George Kirby (3-2) allowed three runs and seven hits in his seven-inning start.

☆ As sales decline, Adidas faces pressure to find Yeezy fix
▼ + stars: | 2023-05-04 | by ( Helen Reid | ) www.reuters.com time to read: +3 min

Gulden in March said the company could donate the proceeds of the Yeezy sale to charities, but Adidas has given no updates since. The Anti-Defamation League, an international Jewish non-governmental organisation based in New York, told Reuters it "stands ready and prepared to work with Adidas". The American Jewish Committee met with Adidas executives in December to discuss their commitment to reject antisemitism. Shareholders want Adidas to draw a line under the Yeezy episode and develop ways to reboot the brand. "Being successful with Yeezy probably made Adidas lazy on finding other growth drivers," said Cedric Rossi, nextgen consumer analyst at Bryan Garnier in Paris.

☆ MLB roundup: Astros drop Rays to 14-1 at home
▼ + stars: | 2023-04-26 | by ( ) www.reuters.com time to read: +13 min

Andrew McCutchen hit a three-run homer, Ke'Bryan Hayes a two-run double and Carlos Santana and Austin Hedges an RBI single apiece for the Pirates. Texas built a six-run lead before Nick Senzel put Cincinnati on the scoreboard with an RBI single in the seventh inning. Ruiz's homer and Joey Meneses' RBI single in the third against Jose Butto (0-1) provided an early cushion for Gray. The Brewers got single runs in the third and fourth, then pulled within 4-3 when Rowdy Tellez opened the sixth with his eighth homer. With two outs during Chicago's four-run eighth, Gomes lined an RBI single to right field for his fifth career four-hit game.

☆ Calls to move away from the U.S. dollar are growing — but the greenback is still king
▼ + stars: | 2023-04-24 | by ( Penny Chen | ) www.cnbc.com time to read: +5 min

Kacper Pempel | ReutersCalls to move away from relying on the U.S. dollar for trade are growing. The U.S. dollar accounted for 58.36% of global foreign exchange reserves in the fourth quarter last year, according to data from the IMF's Currency Composition of Foreign Exchange Reserves (COFER). China is one of the most active players in this push given its dominant position in global trade right now, and as the world's second largest economy. The IMF estimates that Asia could contribute more than 70% to global growth this year. In the Middle East, major oil exporter Saudi Arabia has reportedly signaled it's open to trade in other currencies other than the greenback.

☆ Loss of U.S. dollar dominance would be a 'slow erosion,' not a 'paradigm shift': Fitch Solutions
▼ + stars: | 2023-04-17 | 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 EmailLoss of U.S. dollar dominance would be a 'slow erosion,' not a 'paradigm shift': Fitch SolutionsCedric Chehab of Fitch Solutions says it will take a long time for any single currency to "usurp" the dollar.

☆ MLB roundup: Phillies score 9 in first, bash 23 hits to rout Reds
▼ + stars: | 2023-04-17 | by ( ) www.reuters.com time to read: +11 min

Lopez allowed two runs and seven hits in six innings. Both were 2-for-4 as Boston finished with seven hits. Alcantara (1-2) allowed seven hits and five runs (four earned) in six innings for the Marlins. Alek Manoah (1-1) allowed seven runs, nine hits and four walks in 4 2/3 innings for the Blue Jays. Castillo allowed two hits, didn't walk a batter and struck out nine over seven innings.

☆ MLB roundup: Rays improve to 8-0 with rout of A's
▼ + stars: | 2023-04-09 | by ( ) www.reuters.com time to read: +11 min

Springs scattered three hits, struck out seven and walked three while logging seven innings. The Astros rallied in the ninth on Jeremy Pena's two-run homer against Jovani Moran. Adam Duvall blasted a two-run homer and a pair of doubles while scoring three times. Pete Alonso and Eduardo Escobar each hit two-run homers for the Mets, who have won five of six games against the Marlins. Perdomo had three RBIs and two hits as Arizona racked up season highs for runs and hits (17).

☆ MLB roundup: Kodai Senga shines in debut as Mets down Marlins
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: +12 min

[1/2] Apr 2, 2023; Miami, Florida, USA; New York Mets starting pitcher Kodai Senga (34) pitches against the Miami Marlins in the first inning at loanDepot Park. /Rhona Wise-USA TODAY SportsApril 3 - Right-hander Kodai Senga struck out eight batters in his major league debut, leading the New York Mets to a 5-1 win over the host Miami Marlins on Sunday afternoon. Marlins starter Trevor Rogers (0-1) lasted just 4 1/3 innings, allowing four hits, two walks and four runs, three earned. He allowed one run on three hits while walking two and striking out six in his first start of the season. Two of Houck's five hits allowed were home runs by Baltimore's Adam Frazier (3-for-4, two RBIs, two runs) and Cedric Mullins (2-for-5, run, three RBIs).

☆ MLB roundup: Trayce Thompson's 3 HRs power Dodgers' rout
▼ + stars: | 2023-04-02 | by ( ) www.reuters.com time to read: +10 min

Rangers 16, Phillies 3Mitch Garver hit a pair of three-run home runs in Texas' rout of Philadelphia in Arlington, Texas. Blue Jays starter Kevin Gausman (0-1) struck out seven and walked one in six innings. Nationals starter Josiah Gray (0-1) allowed five runs on seven hits -- including three home runs -- in five innings. Gray (1-0) allowed three hits, struck out one and walked four in the second game of the three-game series. The Rays scored the seven runs on six hits, and Yandy Diaz added two runs with a home run the following inning.

[1/3] U.S. President Joe Biden and Vice President Kamala Harris stand on stage together after delivering remarks at the DNC 2023 Winter Meeting in Philadelphia, Pennsylvania, U.S., February 3, 2023. Biden could lose crucial votes if he were to drop Harris, who is both the first Black and Asian-American U.S. vice president. While the vice president has disappointed some inside her party, Democrats see opportunity in the 2024 race. He leans on her a lot," said Cedric Richmond, a former congressman and former senior adviser in Biden's White House. "That was not her assignment," said the third former White House official, referring to reducing migrant crossings at the U.S.-Mexico border broadly.

The Swiss cabinet held an emergency meeting about the central bank's move on Thursday but gave no public statement after, with most politicians, including Finance Minister Karin Keller-Sutter, tight-lipped. Greens lawmaker Gerhard Andrey said managers should take responsibility and Switzerland should look at its regulations, with the Credit Suisse debacle putting the country "in a very difficult situation". That Credit Suisse has problems has been known for a long time," said Martin Staub speaking in central Zurich. The financial sector makes up about 9% of Swiss gross domestic product, according to Finance Swiss, and employs 5.5% of the workforce. "The Credit Suisse crisis is negative for Switzerland, but not enough to damage the reputation of Switzerland on its own.

☆ 'The Wire' star Lance Reddick dies from natural causes, publicist says
▼ + stars: | 2023-03-17 | by ( Minyvonne Burke | Diana Dasrath | ) www.cnbc.com time to read: +1 min

Lance Reddick attends the LA Premiere of Lionsgate's "Angel Has Fallen" at Regency Village Theatre on August 20, 2019 in Westwood, California. "The Wire" star Lance Reddick, 60, died Friday, his publicist said. Police were called to the actor's home in the Valley Village neighborhood of Los Angeles, California, around 9:30 a.m."Acclaimed actor Lance Reddick passed away suddenly this morning from natural causes," his publicist Mia Hansen said. The movie's stars were in the midst of a press tour for "John Wick: Chapter 4" ahead of its release in theaters on March 24. He is survived by his wife, Stephanie Reddick, and children Yvonne Nicole and Christopher Reddick.

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