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☆ China's yuan is displacing other top global currencies in trade, but not the US dollar
▼ + stars: | 2023-08-24 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

China's share of global payment transactions on the SWIFT system grew to 3% in July. But that hasn't come at the expense of the dollar, which had a record high 46.5% share on SWIFT. A greater role of BRICS and other emerging markets in global trade may create more natural demand for alternatives to USD, but this has not happened so far. AdvertisementAdvertisementFor its part, the dollar's share of SWIFT transactions is holding relatively steady, accounting for 46.5% in July and 42% in the first half of 2023. As an example, China has been steadily building an alternative to the Western-dominated SWIFT system, with the Cross-border International Payments System, or CIPS.

Persons: BRICS, China's Organizations: ING, SWIFT, Service, FX, dollarization Locations: Wall, Silicon, China

☆ China's tanking economy is costing major US companies and could throw cold water on America's economic boom
▼ + stars: | 2023-08-17 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +5 min

China's slowing economy is chipping away at some American companies' revenues. China's July economic report didn't mention youth-unemployment statistics after it soared to 21.3% in the second quarter, citing economic and social changes. While Chinese manufacturing and construction are struggling to recover, some American companies with strong ties to China are also feeling the effects. Dow's rival DuPont also reported a drop in China sales from existing operations, a 14% year-over-year fall. To be sure, some American companies have performed well in China over the past few months.

Persons: Gamble, Stephen Williamson, Danaher, Rainer Blair, Howard Ungerleider, Edward Breen, Marriott Organizations: DuPont, Danaher, Procter, Service, Citigroup, Intel, Toyota, Nissan, Apple, Starbucks, Street Journal, Monetary Fund Locations: China, Wall, Silicon, American, Ohio, Greater China, Beijing

☆ I rented a Tesla on Turo for a road trip. I own an EV, but 3 things about the Model 3 still surprised me.
▼ + stars: | 2023-08-17 | by ( Gia Mora | ) www.businessinsider.com time to read: +9 min

Gia Mora, an electric-vehicle enthusiast, went on a 1,000-mile road trip in a Tesla Model 3. Gia MoraWe decided to rent a longer-range electric car on Turo, a peer-to-peer car-rental app. Using a key card is different from controlling the car by appMora locks the Model 3 with a key card. Tesla Model 3 one-pedal driving is hard to adjust toBy the end of the trip, Mora felt comfortable driving the Tesla Model 3. Tesla Model 3 is worth the hypeThe Model 3 had a reliable range, accessible charging stations, luxurious seats, and glasslike driving.

Persons: Gia Mora, Mora, Tesla, Amy, Amy Senger, Steve Mandzik, Amy Senger Amy, Mora sips, San Luis Obispo, Senger, we'd, I'd, would've Organizations: Tesla, Nissan, Fiat, John Wayne Airport, Turo Locations: Northern California, San Ardo , California, Orange County , California, Orange County, Los Angeles County, Salinas, Santa Barbara, San Ardo, San Luis, San Luis Obispo , California

☆ I.R.S. Says Cash Influx Has Made Agency Bigger and More Digital
▼ + stars: | 2023-08-16 | by ( Alan Rappeport | More About Alan Rappeport | ) www.nytimes.com time to read: +1 min

agents who are out to shake down average taxpayers,” Mr. Werfel said. funding is intended to help the agency recover from debilitating budget cuts over the past several years. The agency has been racing to digitize tax forms and reduce hold times that have frustrated taxpayers who try to call the I.R.S. To underscore the idea of a friendlier I.R.S., Mr. Werfel noted that the agency announced last month it would dramatically curb unannounced visits by agents to homes and businesses. agents and taxpayers and help eliminate scams by people who impersonate I.R.S.

Persons: Werfel, Mr, Biden, I.R.S

☆ Morgan Stanley reiterates Nvidia as a top pick ahead of earnings
▼ + stars: | 2023-08-14 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Despite the recent sell-off, Morgan Stanley remains confident in Nvidia in the long run. Analyst Joseph Moore reiterated his $500 price target on the chipmaker, implying the stock stands to gain 22.4% from Friday's price. The firm expects a "healthy upside" to Nvidia's revenue, Moore said, adding that the company's guidance for $4 billion last quarter was the largest single increase in one quarter in semiconductor history. Moore anticipates $500 million to $1 billion of revenue upside to guidance for the July quarter, bringing quarterly revenue between $11.5 billion and $12 billion. Nvidia recently surged past a $1 trillion market cap, making it the fifth-most valuable U.S. company.

Persons: Morgan Stanley, Joseph Moore, Moore, ChatGPT —, — CNBC's Michael Bloom Organizations: Nvidia Locations: U.S

☆ A millennial who's paid down $190,000 in student-loan debt shares the budget template he created and why it's effective: 'You're forced to see what's going on'
▼ + stars: | 2023-08-13 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

Ian Group has paid down $190,000 in student loans. After wrapping up law school with $190,000 worth of student loans, things didn't exactly play out as Ian Group imagined they would. Courtesy of Ian GroupGroup has two columns in this section: "estimated monthly income" and "actual monthly income." Again, Group has it set up in two columns: "estimated monthly expenses" and "actual monthly expenses." "It brings in your income, expenses, what you're saving and investing, and it gives you the net total," he explained.

Persons: Ian, I'm, he'd, he's, Roth Organizations: Group, overdrawing, Ian Group Locations: Florida

☆ The ultimate wedding gift? Newlyweds want cash for a down payment
▼ + stars: | 2023-08-10 | by ( Chris Taylor | ) www.reuters.com time to read: +4 min

REUTERS/Carlo Allegri/File PhotoNEW YORK, Aug 10 (Reuters) - When Valentina Valentini was putting together gift ideas for her wedding, the freelance journalist quickly realized that a traditional registry would not work. While asking for cash gifts makes financial sense, it is tricky. "Put a few traditional gifts on it, which they can purchase for you. PUT IT TO WORKWhatever does get donated to your down payment fund, it likely will not be enough to pull the trigger on a purchase right away. "This is a very practical idea for wedding gifts – and one that we have chosen for my sister-in-law's upcoming wedding."

Persons: Carlo Allegri, Valentina Valentini, Clare Trapasso, Realtor.com, Valentini, Realtor.com's Trapasso, Randy Bruns, –, Lauren Young, Richard Chang Organizations: REUTERS, National Association of Realtors, invitees, Thomson Locations: Long Island , New York, U.S, London, California, New England, Realtor.com, Naperville , Illinois

☆ MLB roundup: Blue Jays crush Red Sox for series sweep
▼ + stars: | 2023-08-07 | by ( ) www.reuters.com time to read: +11 min

Blue Jays starter Chris Bassitt (11-6) surrendered one run on seven hits in seven innings to earn the win. Chris Murphy (1-1) took the loss after allowing six runs on seven hits in 2 1/3 innings of relief. The Angels' Chase Silseth threw seven innings and gave up two runs on four hits, fanning a career-high 12 batters. That trio -- the top three batters in the Rays' order -- combined for seven hits, seven runs and five RBIs. Walker (13-4) threw 95 pitches over seven innings, giving up four runs on seven hits and a walk.

Persons: Alex Verdugo, Brandon Belt, Eric Canha, Davis Schneider, George Springer, Matt Chapman, Kevin Kiermaier, Triston Casas, Chris Bassitt, Chris Murphy, Andrew Heaney, Heaney, Nathaniel Lowe, Marcus Semien, Ezequiel Duran, Adolis Garcia, Sandy Alcantara, Yuli Gurriel, Elvis Andrus, Emmanuel Clase, Eloy Jimenez, Andrew Vaughn, Brayan Rocchio, Andrus, Jake Meyers, Meyers, Carlos Rodon, Wandy Peralta, Yordan Alvarez, Gleyber Torres, Matt Wallner, Wallner, Paul Sewald, Jorge Polanco, Max Kepler, Lourdes Gurriel Jr, Corbin Carroll, Kyle Bradish, Cionel Perez, Jose Quintana, Quintana, Mark Vientos, Felix Bautista, Daniel Vogelbach, Lane Thomas, CJ Abrams, Thomas, Lyon, Abrams, Joey Votto, TJ Friedl, Stuart Fairchild, Richardson, Ben Lively, Eugenio Suarez, J.P . Crawford, Teoscar Hernandez, Matt Thaiss, Chase Silseth, Bryce Miller, Miller, Yandy Diaz, Wander Franco, Brandon Lowe, Josh Lowe, Kerry Carpenter, Taijuan Walker, Walker, Justin Steele, Bryson Stott, Kyle Schwarber, Nick Castellanos, MJ Melendez, Zack Greinke, Johan Oviedo, Connor Joe, Endy Rodriguez, Bryan Reynolds, William Contreras, Brandon Woodruff, Justin Steele whiffed, Ian Happ, Jeimer Candelario, Cody Bellinger, Steele, Ozzie Albies, Ronald Acuna Jr, Matt Olson, Olson, Austin Gomber, Louis, Gomber, Tyler Kinley, Brent Suter, Justin Lawrence, Lawrence, Zack Thompson, Miles Mikolas, Thompson, Nick Allen, Shea Langeliers, Allen, Kirby Snead, LaMonte Wade Jr, Patrick Bailey, Luke Jackson, Amed Rosario, Freddie Freeman, Lance Lynn, Gary Sanchez, Mookie Betts, Enrique Hernandez, Rich Hill, Ji Man Choi, Jake Cronenworth Organizations: Boston Red Sox, Toronto Blue Jays, Fenway, Blue Jays, Boston, Rangers, Marlins, White Sox, Chicago, Cleveland, Astros, Yankees, Houston, Diamondbacks, The Twins, Orioles, Mets, Baltimore, The Orioles, Reds, Washington, Cincinnati, Lyon Richardson's, Mariners, Seattle, Angels, Tigers, Tampa Bay, Rays, Phillies, Royals, Philadelphia, Kansas City, Chicago Cubs, Royals . Kansas City, Pirates, Brewers, Milwaukee, Cubs, Braves, Atlanta, The Cubs, MLB, Cardinals, Colorado, Rockies, Athletics, Giants, Oakland, San, Dodgers, Padres, Los Angeles, Dodger, Thomson Locations: Boston , Massachusetts, USA, Brandon, Texas, Miami, Arlington , Texas, Cleveland, New York, Minnesota, Arizona, Minneapolis, Los Angeles, Anaheim , Calif, J.P, Toronto, Detroit, Philadelphia, Pittsburgh, Oviedo, Milwaukee, San Francisco, San Diego

☆ Cubs stay hot, rally past Braves 6-4
▼ + stars: | 2023-08-06 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/41] Aug 6, 2023; Chicago, Illinois, USA; NASA Astronaut Josh Cassada throws out a ceremonial first pitch before the game between the Chicago Cubs and the Atlanta Braves at Wrigley Field. Mandatory Credit: David Banks-USA TODAY SportsAugust 7 - The Chicago Cubs used a three-run fifth inning to earn a 6-4 victory and clinch a three-game series win over the visiting Atlanta Braves on Sunday. The Cubs entered the home half of the fifth down 3-2, but Ian Happ and Jeimer Candelario hit RBI singles with Cody Bellinger chipping in an RBI double. Swanson delivered an RBI double against his former team in the seventh to give the Cubs a 6-4 lead. After allowing a leadoff double in the ninth inning, Cubs right-hander Adbert Alzolay retired the next three hitters to earn his 14th save.

Persons: Josh Cassada, David Banks, Ian Happ, Jeimer Candelario, Cody Bellinger, Justin Steele, Ozzie Albies, Ronald Acuna Jr, Matt Olson, Olson, Charlie Morton, Acuna, Happ, Morton, Dansby Swanson, Jeimer, Michael Fulmer, Steele, Swanson, Adbert Alzolay Organizations: NASA, Chicago Cubs, Atlanta Braves, Wrigley, USA, Cubs, MLB, Braves, NL, Thomson Locations: Chicago , Illinois, USA, Chicago

☆ The majority of likely Iowa GOP caucusgoers would rather have a candidate they agree with on issues than one that can beat Biden: poll
▼ + stars: | 2023-08-04 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

A recent New York Times survey found that the majority of likely Iowa GOP caucusgoers prefer a candidate they agree with on issues over one who can beat Biden in 2024. The poll, which was taken between July 28 and August 1, found that 52 percent of likely Iowa GOP caucusgoers were more likely to support a candidate they "agree with most on the issues" compared to the 44 percent who'd prefer one who has the "best chance to beat Joe Biden" in the 2024 election. The survey also asked participants if the phrase "able to beat Joe Biden" better described former President Donald Trump or DeSantis. Precisely half of likely Iowa GOP caucusgoers said it described Trump "a lot" or "somewhat better" compared to 40 percent who said DeSantis. Results from the New York Times poll also showcase a potential strategy DeSantis can use to win over likely GOP caucusgoers: move even more to the right.

Persons: Biden, who's, Joe Biden, Donald Trump, Iowa GOP caucusgoers, Trump, caucusgoers, DeSantis Organizations: New York Times, Iowa GOP, Trump, Biden, Service, DeSantis, Republican Party Locations: Iowa, Wall, Silicon, Florida

☆ Insight: BOJ makes bold shift as yen risks grow too big to ignore
▼ + stars: | 2023-08-03 | by ( Leika Kihara | ) www.reuters.com time to read: +9 min

The BOJ's decision shook markets on Friday and contrasted sharply with Ueda's more cautious comments in recent months about the dangers of retreating too quickly from accommodative Kuroda-era policies. "There's also a small but probable risk of inflation overshooting in Japan, which gave the BOJ reason to act." NEW PRIORITIESThe BOJ's policy decision last week signalled to investors that it would now allow the 10-year government bond yield to move closer to 1% before it intervenes. 'BIT BY BIT'The shift in thinking gained momentum at the BOJ's June policy meeting, but not enough to turn the tide. It was a test case, or a preliminary exercise, toward future policy normalisation," said former BOJ board member Takahide Kiuchi.

Persons: Issei Kato, Kazuo Ueda, Haruhiko Kuroda, Fumio, accommodative Kuroda, Ueda, YCC, There's, Hirokazu Matsuno, Seiji Adachi, Asahi Noguchi, Ryozo Himino, Shinichi Uchida, Uchida, Masato Kanda, Kanda, Takahide, Leika Kihara, Takaya Yamaguchi, Takahiko Wada, Kentaro Sugiyama, Yoshifumi, Sam Holmes Organizations: Bank of Japan, REUTERS, TOKYO, Bank, Ueda, Reuters, BIT, Asahi, Nikkei, Thomson Locations: Tokyo, Japan

☆ Morgan Stanley: Lower inflation has an unusual downside for companies reporting earnings right now, but these 11 stocks will be able to survive and thrive
▼ + stars: | 2023-07-30 | by ( Mark Reeth | ) www.businessinsider.com time to read: +4 min

Earnings season will reveal which companies will suffer a top line decline, Morgan Stanley says. At first glance, lower inflation seems like a boon for market watchers worried about a recession. While investors curse higher inflation, companies have come to see it as a blessing. He anticipates that disinflation will dig away at sales this earnings season, and is prepared for disappointment. The results are the 11 stocks below that Wilson believes will have strong FCF yields and healthy operating margins through the earnings season.

Persons: Morgan Stanley, Kamakshya Trivedi, Goldman Sachs, They've, Mike Wilson, Wilson, Wilson isn't Organizations: FX, Federal Reserve

☆ How Silva McLeod became Tonga’s first female pilot
▼ + stars: | 2023-07-28 | by ( Lilit Marcus | ) edition.cnn.com time to read: +5 min

In doing so, she became one of only a handful of Tongan people ever to get a pilot’s license – and the first Tongan woman. Chipping away year by year, course by course, McLeod slowly worked her way toward becoming a pilot. McLeod got her pilot’s license in 1992. “Delivering that (pilot address) in Tongan, flying in Tonga, I felt like my mission was accomplished,” she says. The other Tongan pilots she knows of were also trained abroad.

Persons: Silva McLeod wasn’t, Silva, I’m, “, McLeod, Ken, –, Tonga –, Silva McLeod, she’d, ”, Royal, McLeod hadn’t, they’d, It’s Organizations: CNN, Tongan, Chipping, Australian Civil Aviation Safety Authority, Royal Tongan Airlines, “ Locations: Tongan, Vava’u, Australia, Tonga, Victoria, Nuku’alofa, Auckland , New Zealand, Melbourne

☆ How one dad went from building a glamping pod for his kids to turning his backyard into a booming rental business that can fetch over $2,400 a night
▼ + stars: | 2023-07-28 | by ( Amanda Goh | ) www.businessinsider.com time to read: +12 min

British dad Derry Green started building a glamping pod in his backyard with his kids during the lockdown in 2020. And by the end of the first lockdown, I had created what I now know to be a glamping pod," Green said. The Secret Garden GlampingThe glamping pods can be booked on Green's website, and they range between £195 to £285 per night. The cheapest glamping pod is the first pod that Green ever built, and it's a yurt called "The Retreat," per The Secret Garden Glamping site. The Secret Garden Glamping

Persons: Derry Green, Little, I'd, Green, —, we've, It's Organizations: Service, Derry Green, Facebook, eBay Locations: Wall, Silicon, Lancashire, England, France, Spain

☆ UK homebuilders under pressure as lofty mortgages deter first-time buyers
▼ + stars: | 2023-07-24 | by ( Ajose Koilparambil | ) www.reuters.com time to read: +4 min

Midcap firms Bellway (BWY.L) and Crest Nicholson (CRST.L) have also pointed to high mortgage rates hampering demand from first-time buyers. Even a potential revival of the government's 'Help to Buy' scheme, which offered incentives to first-time buyers, will not be enough to improve affordability, analysts have said. Persimmon (PSN.L), one of Britain's biggest homebuilders heavily exposed to first-time buyers compared to its FTSE 100 peers, has offered new customers a "10 months mortgage free" deal. Still, the housing sector faces an uncertain path to recovery, given the ultra-elevated mortgage rate levels. Meanwhile, investors will look out for updates on demand when a couple of high-profile homebuilders report half-year results next month.

Persons: Barratt, BDEV.L, Nicholson, Steve Turner, Bellway, Peel Hunt, Sam Cullen, housebuilders, Cullen, Persimmon, Rob Perrins, Jeremy Hunt, Aynsley Lammin, Aby Jose Koilparambil, Sweta Singh, Saumyadeb Organizations: Berkeley, Reuters, Home Builders Federation, Bank of, Times, Housing, Thomson Locations: Berkeley, England, Wales, Bank of England, Bengaluru

☆ Cramer is 'chipping away' at troubled stocks in the Club portfolio
▼ + stars: | 2023-07-24 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Jim Cramer said this is part of a strategy to "chip away" at troubled stocks in the portfolio. J & J shares climbed 7% late last week after the company reported a strong second quarter and built on those gains Monday morning. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Goldman Sachs, Johnson, Jim, I'm, Jim Cramer's Organizations: CNBC, Dow Jones, Chevron, Dow, Wall, Federal Reserve, Johnson, DuPont, Jim's Charitable Trust, JPMorgan

☆ 3 reasons countries around the world want to break up with the dollar
▼ + stars: | 2023-07-24 | by ( Huileng Tan | ) www.businessinsider.com time to read: +6 min

The US dollar has been the world's reserve currency for decades, but its dominance is fading. US monetary policies, the strong USD, and structural shift in the global oil trade also contribute. Here are three other reasons countries around the world are attempting to line up plans to possibly move away from a dollar-dominated world. The arrangement was formalized in 1945 when the oil-giant country Saudi Arabia and the US reached a historic deal wherein Saudi Arabia would sell its oil to America only using the greenback. In return, Saudi Arabia would reinvest excess dollar reserves into US treasuries and companies.

Persons: Valéry Giscard d'Estaing, —, Narendra Modi's, Luiz Inácio Lula da Silva, It's, Donald Trump, wasn't, Joe Biden, Prince Mohammed bin Salman, Jamal Khashoggi, Sarah Miller Organizations: Service, International Monetary Fund, Wilson, Reserve Bank of, Indian, Reuters, Allianz, Global, US, Washington Post, Energy Intelligence Locations: Russia, Wall, Silicon, Western, Ukraine, Washington, Brazil, Argentina, Bangladesh, India, France, Reserve Bank of India, China, South Africa, Saudi Arabia, America, Saudi

☆ Taiwan-US trade: Deal is key to countering diplomatic isolation, Taipei's top trade negotiator says
▼ + stars: | 2023-07-24 | by ( Eric Cheung | ) edition.cnn.com time to read: +5 min

Taipei CNN —The signing of a trade pact between Taiwan and the United States will play a key role in helping the island counter its diplomatic isolation from China, according to Taiwan’s top trade negotiator. Taipei has described the initiative as the most comprehensive trade agreement between the United States and Taiwan since Washington switched diplomatic recognition to Beijing in 1979. But Chinese pressure is not the only hurdle facing Taiwan’s trade negotiators like Deng, as trade deals could also become a politically sensitive issue on the island itself. In 2014, a controversial service trade agreement between Taipei and Beijing — which was passed by the then ruling Kuomintang — resulted in mass student protests, known as the Sunflower Movement. They opposed it because it would allow meat products containing ractopamine, an animal feed additive common in the United States.

Persons: John Deng, ”, ” John Deng, John Mees, Deng, Mao Ning, Kuomintang —, —, Will Ripley Organizations: Taipei CNN, CNN, Taiwan Affairs Office, Trans, Pacific, Sunflower Movement, Student Locations: Taipei, Taiwan, United States, China, Washington, Beijing, Britain, Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, Peru, New Zealand, Singapore, Vietnam, Kuomintang

☆ Rory McIlroy says he’d rather retire ‘if LIV Golf was the last place on Earth to play golf’
▼ + stars: | 2023-07-13 | by ( Ben Morse | ) edition.cnn.com time to read: +4 min

CNN —Rory McIlroy said on Thursday that he would rather retire than compete on the Saudi-backed LIV Golf tour even if it “was the last place on Earth to play golf.”Four-time major winner McIlroy has been a vocal opponent of the breakaway golf tour ever since it came into existence a few years ago, threatening the very foundations of the sport. “If LIV Golf was the last place to play golf on Earth, I would retire. “I’d play the majors, but I’d be pretty comfortable.”CNN has reached out to LIV Golf and the PGA Tour to offer them the right of reply. Earlier this week, witnesses – including PGA Tour Chief Operating Officer Ron Price and Jimmy Dunne, a company board member who helped broker the deal – faced scrutiny from committee members over the deal. “As long as I get to play golf, I’m happy.

Persons: Rory McIlroy, LIV, “, McIlroy, LIV Golf, ”, Tiger Woods, –, Ron Price, Jimmy Dunne, Richard Blumenthal, Price, Dunne, Sen, ” Dunne, ” McIlroy, Gregory Shamus, Randall Stephenson, ” Stephenson, Jamal Khashoggi, Mohammed bin Salman, Khashoggi, Salman, ’ ’ McIlroy, I’ve, there’s Organizations: CNN, LIV, PGA, Scottish, Saudi Public Investment Fund, LIV Golf, US, Homeland Security, Governmental Affairs, Connecticut Democrat, RBC Canadian Locations: Saudi, American, Connecticut, Saudi Arabia

☆ Mark Zuckerberg concealed his kids’ faces on Instagram. Should you?
▼ + stars: | 2023-07-09 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +4 min

From zuck/InstagramFor years, celebrities from Kristen Bell and Gigi Hadid to Chris Pratt and Orlando Bloom have been blurring images or using emojis to help protect their kids’ privacy on social media. Zuckerberg, too, had previously posted pictures of the back of his daughters’ heads and their side profiles rather than showing their entire faces. Some parents choose to either restrict how much they share about their kids or limit sharing to less public platforms. Plunkett believes social media companies can do more, such as offering a setting that automatically blurs kids’ faces or prevents any picture with a child from being used for marketing or advertising purposes. For now, however, the onus remains on parents to limit or abstain sharing photos of their kids online.

Persons: Mark Zuckerberg, Kristen Bell, Gigi Hadid, Chris Pratt, Orlando Bloom, Zuckerberg, ’, ”, Alexandra Hamlet, Meta, Leah Plunkett, “, Plunkett, “ It’s, – Organizations: CNN, Meta, Harvard Law School Locations: New York City

Compounding worries that this would lead to a more hawkish central bank, Federal Reserve Bank of Dallas President Lorie Logan said on Thursday that a continued above-target inflation outlook and a stronger-than-expected labor market "calls for more-restrictive monetary policy." U.S. Treasury yields climbed after the labor market data boosted expectations for aggressive Fed rate hikes to rein in stubbornly high inflation. Emerging market stocks (.MSCIEF) lost 1.88%. In Treasuries 2-year Treasury yields rose above 5% for the first time since early March and touched their highest levels since June 2007. In currencies, the dollar index fell 0.048%, with the euro up 0.13% at $1.0865.

Persons: Lorie Logan, Alex Coffey, Coffey, Sterling, Janet Yellen, Matt Simpson, Brent, Sinéad Carew, Marc Jones, Clarence Fernandez, Hugh Lawson, Richard Chang Organizations: ADP, The Labor Department, Federal Reserve Bank, Dallas, Treasury, U.S, Dow Jones, Nasdaq, Japan's Nikkei, Reuters Graphics Reuters Graphics CHIPPING, Reuters, Thomson Locations: U.S, Asia, Pacific, Japan, United States, Europe, China, Beijing, New York, London

☆ Cummins the hero as Australia edge England in Ashes thriller
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: +5 min

Unflappable Australia opening batsman Usman Khawaja had earlier kept his team on course for victory with a gritty innings to edge the visitors towards the target. But in a barn-storming match full of momentum shifts, the pendulum swung England's way when Khawaja was bowled by England skipper Ben Stokes for 65. When Joe Root held a caught and bowled chance to remove Alex Carey, England seemed to be close to victory. But Cummins refused to buckle, hitting Root's off-spin for two sixes in one over as England delayed taking the new ball. England had Australia in a straight-jacket with Khawaja and Travis Head unable to score.

Persons: Australia's Usman Khawaja, Cameron, Paul Childs BIRMINGHAM, Pat Cummins, Cummins, Nathan Lyon, Harry Brook, Usman Khawaja, Khawaja, Ben Stokes, Joe Root, Alex Carey, Root's, Lyon, Stokes, Scott Bolan, Broad, Steve Smith, Jonny Bairstow, Travis, Moeen Ali, Root, Cameron Green, Green, Ollie Robinson, Carey, Martyn Herman, Christian Radnedge, Ken Ferris, Toby Davis Organizations: England, Edgbaston, Cummins, Australia, Thomson Locations: Edgbaston, Birmingham, Britain, England, Australia, Lord's, Lyon

☆ Red Bull can win everything but the gap may be closing
▼ + stars: | 2023-06-19 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

June 19 (Reuters) - Red Bull boss Christian Horner recognised after Sunday's landmark Canadian Grand Prix that his runaway Formula One leaders could win every race this season. "On this venue yes, the gap is shorter... it's inevitable that they are closing, we'd be surprised if that wouldn't be the case," said Horner. If there is an Achilles' Heel in Red Bull's dominance, it is the current dependence on Verstappen for the top step of the podium. Should Verstappen suffer a setback, mechanical or otherwise, the chances of the second Red Bull coming through for the win are looking a lot less certain and rivals are sensing opportunities. Verstappen's last race retirement was in Australia in April 2022 and the last time he was beaten by someone not in a Red Bull was last November, when Mercedes's George Russell won in Brazil.

Persons: Red Bull, Christian Horner, Abu, Horner, Max Verstappen, Ayrton Senna's, McLaren, Alain Prost, Senna, Mercedes, Verstappen, Montreal's Circuit Gilles Villeneuve, Aston Martin's Fernando Alonso, Lewis Hamilton, we'd, Alonso, Aston Martin, Hamilton, Max, Sergio Perez, Perez, Red, Verstappen's, Bull, Mercedes's George Russell, Alan Baldwin, Clare Fallon Organizations: Prix, Sky Sports, Montreal's Circuit, Alonso in, Ferrari, Red Bull, Thomson Locations: Abu Dhabi, Australia, Spain, Alonso in Monaco, Montreal, Brazil, London

☆ UEFA Nations League: Spain secures its first international trophy for 11 years
▼ + stars: | 2023-06-19 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

CNN —Spain celebrated its first international trophy in 11 years after beating Croatia on penalties in the UEFA Nations League final on Sunday. Spain lifts its first international trophy for 11 years after beating Croatia. Carvajal’s goal sent the Spanish fans into a frenzy, as they celebrated the team’s first international trophy since it won the European Championships in 2012. It was also arguably the last chance for Croatia captain Luka Modric to cap off his brilliant international career with a trophy. It remains to be seen whether the 37-year-old will retire from international duty before having another chance in an international final.

Persons: Dani Carvajal’s, Antonin Panenka, “, ” Carvajal, ” Aymeric Laporte, Unai Simon, Martin Meissner, Simon, Croatia’s Bruno Petkovic, Carvajal, Carvajal’s, Luka Modric, Modric Organizations: CNN, Croatia, UEFA Nations League, The Real Madrid, Manchester City, Qatar Locations: Spain, Netherlands, Czech, Majer, Croatia

☆ The US Army's Green Berets have struggled to bring enough recruits into their elite ranks, data shows
▼ + stars: | 2023-06-08 | by ( Steve Beynon | ) www.businessinsider.com time to read: +8 min

Army Special Forces has struggled to bring in new talent since before the pandemic, recruiting data shows. These elite troops, known as Green Berets, are the military's go-to force for guerrilla warfare. But the service's Special Forces has been struggling to bring in new talent since before the pandemic, recruiting data shows. It exceeded its goals that year with 1,358 new Special Forces contracts, but dropped again with 779 recruits in 2022. So far this year, 527 new applicants have signed on to try for the Green Berets.

Persons: —, Jon Braga, Military.com, we've, Braga, you'll, Camp, Katherine Kuzminski, Militarry.com, Z, Kuzminski, It's Organizations: Special Forces, Green Berets, Service, Army, Forces, Green Beret, Military.com, Green, U.S . Army, Operations Command, U.S . Army CH, Southern Strike, Center, New, New American Security, Special Forces Groups, 75th Ranger Regiment, Defense Department, Navy, National Guard Locations: America, Camp Shelby , Mississippi, Afghanistan, New American

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