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☆ Horses die in consecutive races at Belmont Park, following history-making event
▼ + stars: | 2023-06-11 | by ( David K. Li | ) www.cnbc.com time to read: +3 min

ELMONT, NEW YORK - JUNE 10: Arcangelo with Javier Castellano up wins the 155th running of the Belmont Stakes at Belmont Park on June 10, 2023 in Elmont, New York. (Photo by Al Bello/Getty Images)Horses died in consecutive races at Belmont Park, dealing more untimely blows to the beleaguered sport which had little time to celebrate of its most uplifting events of the year. "Two dead Thoroughbreds in two days with the same trainer on the same track means one thing: Belmont Park is failing to protect horses," PETA Senior Vice President Kathy Guillermo said in a statement. Including Mashnee Girl and Excursionniste, four horses have died during races at Belmont Park's spring/summer meet, which began on May 4 and has encompassed 1,670 horses starting in 214 races, according to McKenna. Saturday's Belmont Stakes capped a tumultuous five weeks of racing that normally shines a bright light on the sport of kings.

Persons: Javier Castellano, Al Bello, Mark Hennig, Patrick McKenna, Hennig, Excursionniste, Arcangelo, Belmont, Kathy Guillermo, McKenna, Havnameltdown, Chick Lang Organizations: Belmont Park, York Racing, NBC News, Belmont, Triple, PETA, Kentucky Derby, National Treasure, Preakness Locations: Belmont, Elmont , New York, Belmont Park, New York City, Jena, Churchill Downs, Baltimore

☆ ‘Dalíland’ Review: Landscape With Vipers
▼ + stars: | 2023-06-08 | by ( Manohla Dargis | ) www.nytimes.com time to read: +2 min

One of the best things about “Dalíland,” Mary Harron’s amused and amusing fictional look at the singular Salvador Dalí, is that it isn’t a cradle-to-grave exhumation. An anodyne pretty boy, James serves as a proxy for the viewer, a wide-eyed tourist in a seductively foreign land. James isn’t all that interesting, either, and there’s too much of him in the movie. This isn’t Briney’s fault; he’s pleasant to look at, and he manages his transition from tourist to accidental Dalí-wood guide well enough. The relationship provides tension and mystery that the well-matched Kingsley and Sukowa complicate with gargoyle masks and shocks of vulnerability.

Persons: “, Mary Harron’s, Salvador Dalí, Dalí’s, James, Christopher Briney, who’s, Ben Kingsley, Barbara Sukowa, Dalí ’, Captain Moore, Rupert Graves, Alice Cooper, Mark McKenna, Amanda Lear, Suki Waterhouse, James isn’t, grubbing, Kingsley Locations: York, Regis, New York

☆ Walmart reiterates goal of doubling international gross merchandise in five years
▼ + stars: | 2023-06-03 | by ( Siddharth Cavale | ) www.reuters.com time to read: +3 min

The analysts meeting and a press presentation by Walmart CEO Doug McMillon were held on Friday in conjunction with the retailer's annual shareholders meeting in Bentonville. Five years ago, Walmart International generated about $120 billion in GMV. Walmart's business model has evolved over the past few years, with a greater focus on omni-channel - a strategy that ties together its e-commerce business, delivery services, advertising and marketplace business. McKenna said Walmart's huge size and technological breadth will give it the leverage to scale this strategy more quickly. Walmart's omni-channel efforts have been a boon for the retailer as recession fears push more Americans to seek bargains in groceries.

Persons: Judith McKenna, Doug McMillon, McKenna, McMillon, Siddharth Cavale, Will Dunham Organizations: Walmart, Bentonville ., Walmart International, International Monetary, omni, Thomson Locations: BENTONVILLE , Arkansas, Mexico, India, Fayetteville , Arkansas, Bentonville, Brazil, Argentina, Japan, United Kingdom

☆ Turkey's lira sinks to near record low as Erdogan is reelected
▼ + stars: | 2023-05-29 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

The Turkish lira sank Monday as incumbent Recep Tayyip Erdogan secured his victory in the 2023 presidential election, extending his rule into a third decade in power. "We have a pretty pessimistic outlook on the Turkish Lira as a result of Erdogan retaining office after the election," Wells Fargo's Emerging Markets Economist and FX Strategist Brendan McKenna told CNBC's "Squawk Box Asia." He expects Turkey's unorthodox monetary and economic policy frameworks to remain in place going forward. Turkey's monetary policy places an emphasis on the pursuit of growth and export competition rather than taming inflation, and Erdogan endorses the unconventional view that raising interest rates increases inflation. "With limited FX reserves and massively negative real interest rates the pressure on the lira is heavy," Ash continued.

☆ We have a pessimistic outlook on the Turkish lira, strategist says
▼ + stars: | 2023-05-29 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe have a pessimistic outlook on the Turkish lira, strategist saysBrendan McKenna of Wells Fargo Securities says it expects Turkish President Recep Tayyip Erdoğan to retain his unorthodox monetary policy, given his reelection victory.

☆ 10 Things Before the Opening Bell: Negotiators race to finalize a tentative debt ceiling deal
▼ + stars: | 2023-05-29 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Phil Rosen here in New York. The White House and House Speaker Kevin McCarthy reached an agreement in principle on the debt ceiling. The deal will allow government borrowing to rise and avoid a default ahead of a June 5 deadline. Negotiators are now racing to finalize the bill's text ahead of a vote which is expected to take place on Wednesday. Curated by Phil Rosen in New York.

☆ An 11-Year-Old Boy Called 911. Police Then Shot Him.
▼ + stars: | 2023-05-27 | by ( Mckenna Oxenden | ) www.nytimes.com time to read: 1 min

A family has demanded that a Mississippi police officer be fired after shooting an 11-year-old boy who was trying to follow the officer’s orders after calling 911 for help, a lawyer for the boy’s family said. The officer shot the boy, Aderrien Murry, in the chest, resulting in numerous injuries, including a collapsed lung, lacerated liver and fractured ribs, on May 20, said Carlos Moore, a lawyer representing the Murry family. After spending several days in the hospital and intensive care, Aderrien is home and “doing as well as he can be after being shot in the chest,” Mr. Moore said. “Little Mr. Murry came within an inch of losing his life in the wee hours of Saturday morning because of the actions of a cop,” Mr. Moore said at a news conference this week. “He was an unarmed, young Black man who was simply following his mother’s directions.”

[1/3] The 76th Cannes Film Festival - Photocall for the film "How to Have Sex" in competition for the category Un Certain Regard - Cannes, France, May 19, 2023. However, there was a slight hiccup: Molly Manning Walker was not in the room when the award for her debut feature was announced. The first Sudanese film to be included in the Cannes official selection, "Goodbye Julia," took the freedom award. Director Mohamed Kordofani thanked the Sudanese people for their support as well as for not giving up. "Un Certain Regard" is a competition focused on arthouse films that runs parallel to the main competition, the Palme d'Or, which will be announced on Saturday.

☆ 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.

☆ Erdogan's election lead leaves Turkey's opposition reeling and an economy on the brink
▼ + stars: | 2023-05-19 | by ( Natasha Turak | ) www.cnbc.com time to read: +9 min

Since neither candidate won more than 50% of the vote, however, the election will go to a runoff on May 28. They also reveal that despite Turkey's current economic turmoil, tens of millions of Turks still see Erdogan as their only viable leader. Supporters of Turkish President Recep Tayyip Erdogan celebrate at the AK Party headquarters garden on May 15, 2023 in Ankara, Turkey. Still, Kilicdaroglu's 44.9% of the vote is notable as the highest any opposition candidate ever received, said Orcun Selcuk, an assistant professor of political science at Luther College in Iowa, on Twitter. "The opposition clearly did not meet the expectations but it would be a misjudgment to say that opposition coordination failed.

☆ California to Pay $24 Million for Man’s Death in Police Custody
▼ + stars: | 2023-05-09 | by ( Mckenna Oxenden | ) www.nytimes.com time to read: +1 min

California is set to pay $24 million after reaching a settlement with the family of Edward Bronstein, who died in police custody three years ago after repeatedly yelling, “I can’t breathe,” while an officer knelt on his back, lawyers said on Tuesday. California Highway Patrol officers pulled over Mr. Bronstein, who was 38, on March 31, 2020, believing that he was driving under the influence of a drug, and they then tried to draw his blood. “We want them to pay in jail for taking a human life. These officers had no reverence for human life. They killed an innocent man.”In March, seven highway patrol officers and one nurse linked to the case were charged in Los Angeles County with involuntary manslaughter.

☆ MLB roundup: Padres prevail in offensive showcase in Mexico City
▼ + stars: | 2023-04-30 | by ( ) www.reuters.com time to read: +14 min

Trent Grisham hit a two-run double to increase the Padres' lead to 14-11 in the eighth. Machado had three hits with three RBIs and four runs, while Thairo Estrada had four hits and three RBIs for the Giants. Andujar went 2-for-3 with three RBIs, while Connor Joe went 1-for-4 with a solo homer and two runs for Pittsburgh. Patrick Corbin (1-4) gave up three runs on seven hits with two strikeouts and a walk in 5 1/3 innings. Nationals starter Chad Kuhl (0-2) allowed eight runs on seven hits with four strikeouts and four walks in just 3 2/3 innings.

☆ Digitized Silhouette Portraits Shed Light on 19th Century Life
▼ + stars: | 2023-04-29 | by ( Mckenna Oxenden | ) www.nytimes.com time to read: +1 min

More than two decades ago, the Smithsonian’s National Portrait Gallery acquired a 19th- century album filled with nearly 2,000 silhouette portraits, including those of two former presidents. Before displaying the cut-paper portraits, made by a traveling artist named William Bache, the museum needed to create a new, sturdier binding for the book. The museum put the collection online last month, allowing anyone to virtually thumb through the images and learn more about Bache’s life and work through an interactive timeline. Robyn Asleson, the museum’s curator of prints and drawings, said that researchers had identified a little over 1,000 of the 1,800 portraits. By digitizing the album and making it available online, she said, she hoped it will eventually be possible to identify every portrait in the collection.

☆ Six Cattle Found Dead in Texas With Their Tongues Missing
▼ + stars: | 2023-04-22 | by ( Mckenna Oxenden | ) www.nytimes.com time to read: 1 min

In what could be a plot from an episode of “The X-Files,” the authorities are investigating the mysterious deaths in three Texas counties of six cattle that were found with their tongues missing. Ranchers found the mutilated remains of a 6-year-old longhorn-cross cow on their property, the Madison County Sheriff’s Office said on Facebook Wednesday. The office did not say when the cow was discovered but said a “straight, clean cut, with apparent precision, had been made” to remove the hide around its mouth on one side. The meat under the removed hide was untouched, and the cow’s tongue was gone with no blood spilled, the office said.

☆ 'Ghosted' review: Chris Evans and Ana de Armas reunite in a spirited action comedy
▼ + stars: | 2023-04-21 | by ( Brian Lowry | ) edition.cnn.com time to read: +3 min

CNN —“Chris Evans and Ana de Armas” is about all that’s required to make the sales pitch for “Ghosted,” a spirited if familiar action-based romantic comedy, where the sparring banter generally outshines the muscular stunts. Throw in clever cameos and this Apple TV+ movie delivers on its promise of unpretentious fun. Unlike the needy Cole, “Ghosted” doesn’t ask for anything more than a couple intermittently attentive hours of your time. Thanks to Evans and de Armas, it’s the sort of invitation that’s pretty hard to ignore. “Ghosted” premieres April 21 on Apple TV+.

Mr. Carter had asked the authorities to leave, and they did, according to the police report obtained by the A.P. The following day, a housekeeper who heard Mr. Carter’s dogs barking and did not receive a response from him let herself into his home, according to the police report. She found Mr. Carter, wearing a T-shirt and necklace, submerged in the Jacuzzi-style bathtub with the jets running, and called 911, according to the report. The operator told the housekeeper to pull Mr. Carter out of the tub and perform CPR. Paramedics immediately declared him dead when they arrived, the police said.

☆ It's becoming increasingly clear that fintech has a fraud problem
▼ + stars: | 2023-03-29 | by ( Bianca Chan | Paige Hagy | ) www.businessinsider.com time to read: +8 min

"With fast growth comes fast fraud," Frank McKenna, a longtime fraud expert who works with banks, lenders, and fintechs, told Insider. Cash App only requires a zip code, debit-card number, and either an email or phone number to create an account. Cash App's alleged fraud problem could also be the result of its large, active customer base, which numbers some 44 million, according to the company's 2022 annual report. The fact that Cash App offers peer-to-peer payments exacerbates the fraud issue, according to McKenna, the chief fraud strategist at Point Predictive, an anti-fraud software company. Digital-only bank Chime has had its own issues with fraud, Jason Mikula, a fintech analyst and consultant, told Insider.

☆ Women's NCAA roundup: No. 1 South Carolina shines in 2nd half
▼ + stars: | 2023-03-20 | by ( ) www.reuters.com time to read: +3 min

[1/3] Mar 19, 2023; Columbia, SC, USA; South Carolina Gamecocks guard Zia Cooke (1) drives around South Florida Bulls guard Carla Brito (55) in the second half of South Carolina Gamecocks 76-45 victory at Colonial Life Arena, advancing them to the Sweet 16. Aliyah Boston added 11 points and 11 rebounds, while Laeticia Amihere came off the bench to net 10 points. Elena Tsineke scored 20 points to pace South Florida (27-7), while Sammie Puisis finished with 11 points and four rebounds. Kourtney Weber scored 14 points for the Bulldogs (22-11), who made just 18 of 61 attempts from the field (29.5 percent). Elizabeth Kitley added 14 points and 14 rebounds for her 21st double-double of the season.

☆ Women's NCAA roundup: No. 8 Ole Miss upsets No. 1 Stanford
▼ + stars: | 2023-03-20 | by ( ) www.reuters.com time to read: +7 min

8 Ole Miss Rebels to their first Sweet 16 since 2007 by preventing No. Stanford (29-6) was led by Cameron Brink, who had 20 points, 13 rebounds and seven blocks, while Haley Jones chipped in 16 points and eight rebounds. Grace Stone had 16 points and Ellie Mitchell finished with nine points, 18 rebounds and three blocks. Elena Tsineke scored 20 points to pace South Florida (27-7), while Sammie Puisis finished with 11 points and four rebounds. The Irish closed the game on a 10-5 run, getting seven points from Citron during that stretch.

[1/2] Customers shop at a mall ahead of the Chinese Lunar New Year, in Beijing, China January 15, 2023. REUTERS/Tingshu Wang/File PhotoLONDON/MILAN/FRANKFURT/NEW YORK, March 1 (Reuters) - The world's top consumer and luxury goods companies have seen sales of everything from cosmetics to condoms grow in China since Beijing ended strict COVID-19 curbs, another sign that the world's No. Tourism from China was helping sales in neighbouring Macau, Hong Kong, Taiwan and even Japan, he added. Reckitt Benckiser, which makes Nurofen tablets, cold remedy Lemsip and Durex, saw a pick-up in China after a decline in volumes because of lockdowns. U.S. retailer Walmart Inc (WMT.N), which operates nearly 400 retail and wholesale stores in China, reported strong traffic in its stores since reopening.

☆ Inside Citadel's internship program for aspiring traders that paves the way for a six-figure salary at the elite hedge fund after college
▼ + stars: | 2023-02-22 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +15 min

Citadel, one of the largest hedge funds, accepts just 1% of applicants to its associate program. Few college students know what a hedge fund is, let alone that they want to work for one. Its associate program lets aspiring fund managers skip the traditional two-year investment banking program that is usually a prerequisite for a hedge fund job. The associate program is different from Citadel's broader internship program. But the accelerated nature of the CAP program appealed to him over other opportunities, he said.

☆ Cryptoverse: Punk apes and a resurrection of NFTs
▼ + stars: | 2023-02-14 | by ( Medha Singh | ) www.reuters.com time to read: +4 min

The NFT market is twitching out of its torpor, defying reports of its demise. Over the past 30 days, though, OpenSea remains top with volumes of $443.98 million, versus $366 million for Blur. BITCOIN JOINS NFT PARTYIn another non-fungible development, the novel use of the bitcoin blockchain for minting an NFT collection has caused a stir among crypto enthusiasts. Bitcoin Punks is a series of monkey-themed NFTs and a derivative of the wildly popular CryptoPunks collection. Some media reports have indicated Bitcoin Punk NFT being sold for as much as 9.5 bitcoin, worth in the region of $205,000.

☆ Andrew McKenna Steered McDonald’s Through Leadership Crisis
▼ + stars: | 2023-02-12 | by ( Heather Haddon | ) www.wsj.com time to read: 1 min

McDonald’s Corp. had lost two chief executives in just months in 2004 when Andrew McKenna stepped in to help stabilize the fast-food company. Mr. McKenna, who had served on the McDonald’s board for 13 years, was named chairman to reassure investors and help guide Chief Executive Jim Skinner . The new chief was succeeding Charles Bell, who held the job for just two weeks before learning he had colorectal cancer. Mr. Bell, in turn, replaced James Cantalupo, who died from a heart attack at a company conference.

☆ 4 reasons why Amazon's advertising business is still surging while Meta, Google, and Snap are all wrestling with declines
▼ + stars: | 2023-02-06 | by ( Ryan Joe | ) www.businessinsider.com time to read: +6 min

Amazon's ad business grew 19% over the past year, while rivals like Meta were managing a decline. Amazon's ad business seems to be the only major ad business that's on the upswing. Part of the reason is that Amazon's ad business is newer than Google's and Meta's so a higher growth rate should be expected. Insider spoke with several ad buyers and industry experts to reveal why Amazon's ad business is growing compared to competitors like Google, Meta, and Snap. Both McKenna and Kern Schireson, CEO of the ad agency Known, believe this is the biggest reason why Amazon's ad business is thriving compared to its competitors.

☆ Insurers Avoid Picking Up Businesses’ Covid-19 Pandemic Costs
▼ + stars: | 2023-02-03 | by ( Richard Vanderford | ) www.wsj.com time to read: +6 min

“If they assumed incorrectly, the mom-and-pop restaurants shouldn’t be penalized.”Federal appeals courts so far have rejected cases like Consolidated Restaurant’s. In January, the federal appeals court in Philadelphia ruled against a range of businesses. With that decision, businesses had seen losses in 11 federal appeals courts, whose jurisdictions span nearly the entire country. Business interruption insurance policies are typically written to address harm to property: For instance, if a water-main break floods a sales floor, or a fire forces a business to close. In June, a Boston federal appeals court rejected a Covid insurance claim by a group of restaurants.

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