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☆ Apple's new Vision Pro is amazing, but there's no good reason to buy it, and lots of reasons not to
▼ + stars: | 2023-06-06 | by ( Michael Gartenberg | ) www.businessinsider.com time to read: +6 min

Apple has chosen AR/VR as the next big area to pursue with its new Vision Pro glasses. The product, which was shown off during an extensive demo by Apple on Monday, is called Apple Vision Pro (AVP). It represents years of research and the first major Apple product launched without the guiding hand and showmanship of the late Steve Jobs (if one doesn't count the Apple AirPods or Watch as major new products, and I do not.) And the Vision Pro isn't likely to have one either. Apple's Vision Pro can be used for FaceTime conversations AppleWith just their eyes, consumers already have large-screen viewing and playing experiences with 4K monitors on their walls connected to excellent video game consoles.

Persons: Apple, Michael Gartenberg, Steve Jobs, Apple —, it'd Organizations: Apple, Apple Vision Pro, Meta, Microsoft, iTunes Ping, AVP, Mac, Consumers Locations: Patagonia

June 5 (Reuters) - Cryptocurrencies and shares in crypto and blockchain-related companies tumbled on Monday after the U.S. securities regulator sued crypto exchange Binance, another blow to the industry. The SEC crackdown has prompted some crypto companies to increase compliance, spike products, and expand overseas, moves that some marketwatchers said would likely be accelerated by this latest action against the world's largest crypto exchange. In April, the SEC charged crypto exchange Bittrex Inc with operating an unregistered securities exchange, broker and clearing agency, and settled with Kraken in February for $30 million over the exchange's U.S. crypto staking service. Shares of Coinbase (COIN.O) were down 9.1% on the news of the SEC's charges against Binance. Both Coinbase and crypto exchange Gemini launched international exchanges for crypto derivatives in May.

Persons: Binance, Changpeng Zhao, Binance's cryptocurrency, Gary Gensler, marketwatchers, John Reed Stark, Kraken, Bittrex, James Angel, Gemini, Rajeev Bamra, Sinéad Carew, John McCrank, Manya Saini, Hannah Lang, Michelle Price, Leslie Adler, Lisa Shumaker Organizations: U.S . Securities, Exchange Commission, Reuters, SEC, Washington , D.C, Internet, Coinbase Global Inc, Georgetown University, Binance, Inc, Marathon, Mining, Moody’s Investors Service, Thomson Locations: Washington ,, U.S, New York, Bengaluru, Washington

☆ Fast fashion has spawned a mountain of leftover clothes in the Chilean desert that's so massive it can now be seen clearly from space
▼ + stars: | 2023-05-23 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

A gigantic heap of unused clothes in Chile is so big that a satellite can easily spot it. High resolution images of the clothing dump was posted on May 10 by satellite photo app SkyFi. Much of the landfill contains clothes that couldn't sell in stores in the US, Europe, and Asia. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. At least 39,000 tons of those clothes accumulate in landfills in the Atacama Desert, the outlet found in 2021.

☆ Gold listless as U.S. debt talks dominate market mood
▼ + stars: | 2023-05-18 | by ( ) www.cnbc.com time to read: +2 min

Gold bullion bars are pictured after being inspected and polished at the ABC Refinery in Sydney on August 5, 2020. Gold prices were little changed on Thursday as the dollar held firm and optimism over U.S. debt-ceiling talks chipped away at the metal's safe-haven appeal. The dollar index traded near a seven-week high reached in the previous session, making gold less affordable for overseas investors. U.S. President Joe Biden and top congressional Republican Kevin McCarthy on Wednesday underscored their determination to reach a deal soon to raise the federal government's $31.4 trillion debt ceiling and avoid an economically catastrophic default. The decline in silver so far this month "could be closer to some tentative stabilization," Wong added.

☆ Elon Musk teases 2 new Tesla products
▼ + stars: | 2023-05-16 | by ( Tim Levin | ) www.businessinsider.com time to read: +2 min

Elon Musk teased two new Tesla vehicles at the company's annual shareholder meeting. He said Tesla will "probably" sell at least 5 million units annually of the two models combined. Elon Musk threw a bone to Tesla fans eager to hear what's next from the company by confirming that the automaker is working on two new vehicles. Tesla says that a robotaxi is in development, so we can assume that's potentially one of the vehicles Musk referred to. And industry analysts say new products and facelifts are needed if Tesla wants to stay at the top of the EV heap.

☆ Alcaraz stunned by Hungarian qualifier Marozsan in Rome
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +3 min

Alcaraz raced to a 4-1 lead but Marozsan hit back in superb style to reel off six points and hand the world number two only his second defeat on clay in 22 matches this season. "It's not easy to say something," Marozsan said immediately after the biggest win of his career. World number three Daniil Medvedev earned a hard-fought 3-6 6-1 6-3 win over Spain's Bernabe Zapata Miralles to reach the last 16 in Rome for the first time. In the women's draw, Elena Rybakina saw off Marketa Vondrousova 6-3 6-3 to reach her first claycourt WTA 1000 quarter-final, where she will face either top-ranked Iga Swiatek, the twice defending champion, or Croatia's Donna Vekic. Tsitsipas had taken the first set 6-3 against Sonego while Zverev leads 6-4 3-3 against Wolf.

☆ Fancied Alcaraz stunned by Hungarian qualifier Marozsan in Rome
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +2 min

ROME, May 15 (Reuters) - Carlos Alcaraz crashed to a humbling 6-3 7-6(4) defeat by Hungarian qualifier Fabian Marozsan in the third round of the Italian Open on Monday as his quest for a third straight title on clay before the French Open ended in disappointment. The 20-year-old had come into the tournament on the back of triumphs in Barcelona and Madrid and will replace Novak Djokovic as the world number one for top billing at Roland Garros which begins later this month. Alcaraz raced to a 4-1 lead but Marozsan hit back in superb style to reel off six points and hand the world number two only his second defeat on clay in 22 matches this season. "It's not easy to say something," Marozsan said immediately after the biggest win of his career. It was the first defeat for Alcaraz to a player ranked outside the world's top 100 since the 2021 Paris Masters when he fell to Hugo Gaston.

☆ Joy, Loneliness, ‘Rejuvenation:’ Becoming a Mother After 40
▼ + stars: | 2023-05-14 | by ( Dani Blum | ) www.nytimes.com time to read: +12 min

Still, Ms. McQueen longed for a baby. Terry Ratzlaff for The New York TimesEach year, she and her girls celebrate the anniversaries of their embryo transfers, Ms. McQueen said. Together, they look at the balls of cells on the girls’ ultrasound images and talk about the lengths Ms. McQueen went to in order to have them. Then, in 2016, Ms. Allen was diagnosed with a seizure disorder, which forced her to stop working and focus on her health. Caring for Ezra, who is now 5, has come with “overwhelming guilt” over the things she can’t do, Ms. Allen says.

BEIJING, May 9 (Reuters) - China's imports contracted sharply in April, while exports grew at a slower pace, reinforcing signs of feeble domestic demand despite the lifting of COVID curbs and heaping pressure on an economy already struggling in the face of cooling global growth. Economists in a Reuters poll had predicted no growth in imports and an 8.0% increase in exports. Analysts say cooling global growth pointed to a longer road to recovery for the Asian giant after Beijing abruptly ended tough COVID curbs in December. South Korean exports to China, a leading indicator of China's imports, were down 26.5% in April, continuing 10 consecutive months of decline. China's economy grew faster than expected in the first quarter thanks to robust services consumption, but factory output has lagged amid weak global growth.

☆ Wall Street analysts like these regional bank stocks if you can withstand the chaos in the market
▼ + stars: | 2023-05-09 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

The continued slide for regional bank stocks after the failure of First Republic last week has created some buying opportunities in the sector, according to Wall Street analysts. "We believe this recent stock reaction is overdone as there is currently no evidence of accelerating deposit outflows. We see accelerating deposit costs, not accelerating deposit outflows, as the most significant headwind for the midcap banks over the next several quarters," Gosalia wrote. Huntington and Webster also rise to the top of the heap for RBC Capital Markets analyst Jon Arfstrom. Both Huntington and Webster are down about 30% for the year, which is better than the SPDR S & P Regional Banking ETF (KRE).

☆ The French château with more than 100 fighter jets
▼ + stars: | 2023-05-02 | by ( Miquel Ros | ) edition.cnn.com time to read: +7 min

CNN —The sleek, dark-gray lines of a F-16 Fighting Falcon jet, flanked by two other veterans of the Cold War skies, a French Dassault Mirage IV and a F-104 Starfighter, is not what you would usually expect to come across when walking into the courtyard of a 700-year-old French château. The majority of them were acquired as scrap,” says Christophe Pont, Michel’s son and current owner and manager of the château. Courtesy Miquel RosIn the mid-1980s, Pont, who was ex-military, made inquiries with the French Air Force about the possibility of getting one of their decommissioned Mirage III fighter jets to exhibit at the château. The request was granted and six months later what would become the kernel of the world’s largest private fighter aircraft collection was on its way to Savigny-lès-Beaune. Château de Savigny-les-Beaune, Rue Général Leclerc, 21420 Savigny-lès-Beaune, France; +33 3 80 21 55 03

☆ Jack Dorsey no longer thinks Elon Musk is the right person to run Twitter
▼ + stars: | 2023-05-01 | by ( Brian Fung | ) edition.cnn.com time to read: +3 min

Washington CNN —Former Twitter CEO Jack Dorsey backtracked Saturday on his earlier endorsement of Elon Musk as the right choice to lead the company, speaking out against the billionaire who, for the past six months, has led Twitter through a series of largely self-inflicted crises. Under Musk, Twitter has slashed most of its staff, suffered frequent service disruptions and made a number of controversial changes to its policies and features, including a recent decision to remove blue checks from VIP users who don’t pay to be verified. Dorsey’s reflections, outlined in Bluesky posts reviewed by CNN, highlight the Twitter founder’s growing disillusionment with Musk. They also come after numerous exchanges in recent months where Dorsey has publicly questioned some of Musk’s decision-making. Confronted by criticism from other Bluesky users that Twitter could have gone in a different direction, Dorsey argued that there was nothing stopping someone else from outbidding Musk.

☆ GM’s Chevy Bolt Heads to Scrapyard With Mixed Legacy
▼ + stars: | 2023-04-30 | by ( Mike Colias | ) www.wsj.com time to read: 1 min

General Motors Co. rolled out its Chevrolet Bolt electric vehicle in 2016 to nab a foothold in the nascent EV market and give consumers an affordable plug-in option. Now, the diminutive snub-nosed SUV is headed to the scrap heap.

☆ UK train drivers target FA Cup final, Eurovision with fresh strikes
▼ + stars: | 2023-04-27 | by ( ) www.reuters.com time to read: +1 min

ASLEF said the strikes would take place on May 12, May 31 and June 3. As well as the FA Cup final, the action will likely impact those travelling to the Eurovision Song Contest in Liverpool, taking place between May 9 and 13. "Consequently, we have today announced three more days of strike action." "More strike action is totally unnecessary and will only heap more pressure on an industry already facing an acute financial crisis," an RDG spokesperson said. "We urge the ASLEF leadership to re-join us at the negotiating table and work with us to find a solution."

☆ ‘Polite Society’ Review: Pride and Plenty of Fists
▼ + stars: | 2023-04-27 | by ( Amy Nicholson | ) www.nytimes.com time to read: +2 min

“Polite Society,” a rollicking genre mash-up, is set in an enclave of well-to-do Muslim Londoners who play along with the comedy’s title until they get cranky. Then come the punches and neck chops, the bruises and broken glass, the ludicrous wire-fu that allows a matron in a brocade lehenga to fly through the air. Stubborn and snotty, Ria is so hellbent on breaking up the betrothal that she’s willing to spy and lie, claw and kick. She gets as good as she gives, ending more than one scene in a bloody, heaving heap. At the same time, the audience can appreciate what Ria is too childish to see: Lena’s joy that the neighborhood screw-up has landed its most eligible bachelor.

☆ The Great Pacific Garbage Patch is actually a unique ocean ecosystem teeming with sea creatures that cling to the plastic trash
▼ + stars: | 2023-04-18 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

The Great Pacific Ocean Patch refers to a big swirling soup of plastic in the ocean. The findings challenged the assumption that coastal species couldn't survive in the open ocean. The Great Pacific Garbage Patch typically refers to an area of the Pacific Ocean between California and Hawaii in which floating trash concentrates due to factors like wind and currents. The findings also contradicted the assumption that coastal species could not survive in areas of open ocean. The Great Pacific Garbage Patch refers to areas of marine debris concentration in the North Pacific Ocean.

☆ This free tax tool may find 'overlooked' credits or refunds for those who don't need to file, IRS says
▼ + stars: | 2023-04-14 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

Most taxpayers, including this group, qualify for IRS Free File, which offers free online guided tax prep for federal returns and some state filings, to possibly claim "overlooked tax credits or refunds," according to the IRS. You can use IRS Free File if your 2022 adjusted gross income was $73,000 or less, and taxpayers at any income level can use it to file an extension. Roughly 70% of taxpayers qualify for Free File, but only 2% used it during the 2022 filing season, according to the National Taxpayer Advocate. However, they may still qualify for "refundable" tax credits, which can be claimed without a balance, such as the earned income tax credit for low- to moderate-income workers. How to use IRS Free FileTo get started with Free File, you'll need personal information like your Social Security number, dependent and spouse details, last year's adjusted gross income for verification and the necessary tax forms.

☆ Australia and New Zealand mark 100-day countdown to Women's World Cup
▼ + stars: | 2023-04-11 | by ( ) www.reuters.com time to read: +4 min

"But this women's tournament is not just about football, it's about celebrating women's sports and women's empowerment all over the world." "Currently, only 40% of football facilities nationwide are classified as female-friendly," Football Australia said in a statement. 'UNITY BEAT'New Zealand is staging its third global sporting event in less than two years, having hosted the women's Rugby World Cup and women's Cricket World Cup last year. Rugby World Cup organisers hailed record crowds as New Zealand's Black Ferns swept to the title last November. According to a FIFA report, some 1.12 billion viewers tuned into the 2019 Women's World Cup in France where the U.S. won their fourth title and their second in succession.

☆ As Gen Z flounders at work and millennials struggle to buy a house, boomers are enjoying a golden moment
▼ + stars: | 2023-04-09 | by ( Matt Turner | Dave Smith | ) www.businessinsider.com time to read: +4 min

This week's dispatchThe Metals Company; Greenpeace; Luis Alvarez/Getty Images; Karl Hendon/Getty Images; Alyssa Powell/InsiderOptimists don't just dream — they do. Gen Zers and young millennials have soured on work just as much as everyone else — and that's bad news for companies everywhere. Also read:Tyler Le/InsiderOver the past few years, Lex Fridman has gone from an unknown academic researcher to a social-media celebrity and member of Elon Musk's inner circle. But recently, "The Lex Fridman Podcast" has become a haven for a growing and powerful sector looking to dismantle years of "wokeness." More on the rise of Lex Fridman.

☆ The dollar's dominance on the world stage isn't going away. Here's why.
▼ + stars: | 2023-04-06 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

The move makes sense, given Russia's growing status as a pariah state, but it also highlights a push to unseat the dollar as a dominant force in global trade. But to strategists at the Carson Group, a scenario where the dollar isn't the world's primary reserve currency simply isn't in the cards in the near future. Are you convinced that the dollar won't lose its status as a dominant global reserve currency? Some companies in this batch of oil stocks have upsides of up to 180%, according to strategists at Bank of America. An expert from the World Gold Council pointed out that history says gold performs well in a recession.

☆ Boomers Are Buying up Homes, Blocking Millennials From Housing Market
▼ + stars: | 2023-04-05 | by ( James Rodriguez | ) www.businessinsider.com time to read: +9 min

The housing market is not a generation-versus-generation cage match. "So the fact that they are now trailing behind the baby boomer population just speaks to the difficulty of the housing market today." A lot has changed in the housing market since the NAR's survey period. In a housing market of "haves" and "have nots," equity-rich homeowners have the edge over hopeful first-time buyers. Millennials know that they have time on their side, since boomers will eventually age out of the market entirely.

March 30 (Reuters) - A jury in Utah ruled on Thursday that Oscar-winning actor Gwyneth Paltrow was not responsible for injuries sustained by a man during a ski slope collision at an upscale Park City resort in 2016. He said the injuries led to a traumatic brain injury and had sought more than $300,000 in damages from Paltrow at a civil trial. Gwyneth Paltrow looks on as her attorney objects during the closing arguments of her trial, in Park City, Utah, U.S., March 30, 2023. Rick Bowmer/Pool via REUTERSThe eight-person jury sided with Paltrow, ruling that Sanderson was 100% at fault, and awarded Paltrow the $1 in symbolic damages that she had asked for in a countersuit. Both fell to the ground with Paltrow on top of Sanderson, in a heap of skis and limbs, she said.

☆ Salesforce, Caterpillar and Disney are in the news. Here's our take on the headlines
▼ + stars: | 2023-03-27 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

Meanwhile, analysts who cover Caterpillar (CAT) put out fresh research that cuts against our own thinking, and layoffs will soon begin at Disney (DIS). The Salesforce co-founder echoed the we-can-learn-from-everybody philosophy he laid out on March 1 in an interview with Jim Cramer. Salesforce shares, which rose modestly Monday, has surged more than 44% this year, the third-best performing Club stock behind Nvidia (NVDA) and Meta Platforms (META). Baird turns bearish on CAT CAT 1Y mountain Caterpillar's 12-month stock performance. "It's very hard to get in and out of CAT," Jim said Monday.

In court papers, Sanderson said he suffered "permanent traumatic brain injury" as a result of the collision. Paltrow said that is when they both fell to the ground with Paltrow on top of Sanderson, in a heap of skis and limbs. Gwyneth Paltrow testifies during her ski crash trial, in Park City, Utah, U.S., March 24, 2023. Paltrow, who said she was upset and cursed at Sanderson after the collision, said she did not ski off until after Sanderson told Christiansen that he was fine. "I did not cause the accident, so I cannot be at fault for anything that subsequently happened to him," Paltrow said.

☆ Putin to welcome Xi to Moscow under shadow of Ukraine war
▼ + stars: | 2023-03-20 | by ( ) www.reuters.com time to read: +5 min

[1/3] Chinese President Xi Jinping and Russian President Vladimir Putin attend a ceremony dedicated to the 70th anniversary of the establishment of diplomatic relations between Russia and China, in Bolshoi Theatre in Moscow, Russia June 5, 2019. Sergei Ilnitsky/Pool via ReutersMarch 20 (Reuters) - Russian President Vladimir Putin will expect Chinese President Xi Jinping to show solidarity against western hegemony when he arrives in Moscow on Monday, while Xi will present China as a global peacemaker intent on brokering an end to the Ukraine war. And Ukrainian President Volodymyr Zelenskiy has previously made clear he will accept nothing short of Russia's full withdrawal from Ukrainian territory. We welcome China's willingness to play a constructive role in resolving the crisis," Putin said. Ukrainian forces have held out in Bakhmut since last summer in the longest and bloodiest battle of the year-long war.

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