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☆ I retired at 57 and moved to an RV. It wasn't my plan, but I wanted to be close to my grandchild.
▼ + stars: | 2024-08-10 | by ( Chris Mott | ) www.businessinsider.com time to read: +5 min

When I saw the smile on my wife's face holding Jena as a baby, I knew the plan would change. In 2022, we sold our house, bought an RV, and moved to Vancouver, Washington. Everyone has their own space so we can have boundariesWhen we are staying with the kids, we are in the RV. When you live in a multi-generational house, you're not a visiting grandparent; you're often acting as a parent. A couple of times in the winter, my wife will fly home for a week to spend time with Jena.

Persons: Jena, Minnie, We've, It's, You've, Gigi, Papa Organizations: Service, Business, Costco Locations: Jena, Vancouver , Washington

☆ I had a remote tech job at Amazon, but then RTO kicked in. I quit after they asked me to move to another city.
▼ + stars: | 2024-08-09 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +7 min

In July 2022, three months after graduating, I started a full-time software engineering job at Amazon after applying and interviewing for the role. I enjoyed working remotely at AmazonWhen I started working at Amazon, the job was fully remote. I went into the Toronto office a couple of times, but it was super empty. I visited the Vancouver office twice when the company flew me out for social events. Amazon asked employees to RTO and, in some cases, relocate to a new cityI liked remote work and not having to waste time commuting.

Persons: —, Gazi Jarin, I'd Organizations: Service, Business, Amazon, Toronto Locations: Vancouver, Toronto, COVID, Seattle

☆ Gold rises more than 1% on safe-haven demand, Fed rate-cut optimism
▼ + stars: | 2024-08-08 | by ( ) www.cnbc.com time to read: +2 min

Prices of safe-haven gold edged higher on Thursday, supported by Middle East tensions and optimism surrounding U.S. rate cuts, while traders awaited economic data for clues on the Federal Reserve's policy trajectory. Gold prices rose more than 1% on Thursday, supported by firm safe-haven demand and growing expectations for a sizeable interest rate cut from the U.S. Federal Reserve in September. Spot gold rose 1.27% to settle at $2,463.3. Brokerages including J.P.Morgan, Citigroup and Wells Fargo have forecast a 50-basis-point interest rate cut by the Fed in September after last week's U.S. jobs data. Gold prices fell as much as 3% on Monday, caught in a global sell-off driven by fears of a U.S. recession.

Persons: Alex Ebkarian, Bullion Organizations: Federal, U.S . Federal Reserve, J.P.Morgan, Citigroup, Fed Locations: Iran, Israel, Wells, U.S

☆ Gold buoyed by Fed rate-cut hopes, geopolitical concerns
▼ + stars: | 2024-08-07 | by ( ) www.cnbc.com time to read: +2 min

An employee handles one kilogram gold bullions at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold prices firmed on Wednesday on mounting bets of U.S. interest rate cuts in September and rising geopolitical tensions in the Middle East, with markets awaiting U.S. economic data for clues on the Federal Reserve's interest rate path. Spot gold rose 0.4% to $2,399.38 per ounce, as of 11:29 a.m. Bullion is considered a hedge against geopolitical and economic uncertainties and tends to thrive in a low interest rate environment. Meanwhile, China's central bank held back on buying gold for its reserves for a third straight month in July, official data showed on Wednesday.

Persons: Everett Millman, Bart Melek, they're, Millman Organizations: Co, Gainesville, TD Securities Locations: Bangkok, Thailand, U.S, Israel, China's, China

☆ New tech will trap CO2 from cargo ships and store it in the ocean
▼ + stars: | 2024-08-06 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +11 min

The dissolved calcium carbonate then reacts with the CO2 in the water to form bicarbonate salts, locking the CO2 away. Adkins says that with a full-scale reactor, he aims to capture and store about half of a ship’s CO2 emissions. BAR Technologies/Cargill French company Airseas has developed the Seawing, which it says could help ships cut their carbon emissions by an average of 20%. A British company called Seabound, for example, makes a device that captures between 25% and 95% of a ship’s CO2 emissions. “We think that ships are actually going to be able to compete with underground CO2 storage,” he said.

Persons: it’s, Jess Adkins, ”, Adkins, ” Adkins, Calcarea, Melissa Gutierrez, Pierre Forin, geochemist Will Berelson, Will Berelson, Airseas, Maxime Horlaville, Norsepower, Daniel Sigman Organizations: CNN — International, International Maritime Organization —, UN, California Institute of Technology, Caltech, University of Southern, USC, British Port Association, Cargill, BAR Technologies, de Bordeaux, Michelin, Norsepower, Anemoi, Technologies, Geophysical Sciences, Princeton University Locations: University of Southern California, Port of Los Angeles, Norway, Nantong, Vancouver, British

☆ Gold nudges higher on mounting U.S. rate cut bets
▼ + stars: | 2024-08-06 | by ( ) www.cnbc.com time to read: +2 min

An employee handles one kilogram gold bullions at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold prices edged higher on Tuesday after comments from Federal Reserve officials reinforced expectations of bigger U.S. interest rate cuts later this year. Spot gold was up 0.1% to $2,408.77 per ounce as of 0354 GMT. Fed San Francisco President Mary Daly said her mind was open to cutting interest rates as necessary and policy needed to be proactive. Meanwhile, Japanese stocks opened higher, underpinning a recovery across battered Asian share markets and even triggering circuit breakers in some.

Persons: Mary Daly, Soni Kumari Organizations: Co, Federal Reserve, San, ANZ, Traders Locations: Bangkok, Thailand, U.S, San Francisco, China

☆ Safe-haven gold firms on U.S. recession fears, rate-cut bets
▼ + stars: | 2024-08-05 | by ( ) www.cnbc.com time to read: +2 min

Two Argor-Heraeus SA 250 gram gold bars at Solar Capital Gold Zrt. Gold prices drifted higher on Monday, aided by worries that the United States could be headed for a recession and rising bets that the Federal Reserve will likely need to start cutting interest rates aggressively. Spot gold rose 0.14% to $2,446.83 per ounce, as of 0519 GMT, after falling 1% earlier in the session. "Gold is picking up safe-haven flows, with financial markets in a risk-averse mindset to start the week," said Tim Waterer, chief market analyst at KCM Trade. Share markets tumbled and bonds rallied in Asia as U.S. recession fears sent investors rushing from risk assets.

Persons: Tim Waterer, Thomas Barkin Organizations: Heraeus, Solar, Federal Reserve, KCM, Richmond Fed, P Global, Pentagon Locations: Budapest, Hungary, United States, Asia, U.S, Iran

☆ Kamala Harris’s Life in Canada Was Marked by a Yearning for Home
▼ + stars: | 2024-08-03 | by ( Ian Austen | ) www.nytimes.com time to read: +1 min

While campaigning this past week, Senator JD Vance of Ohio called Vice President Kamala Harris a “phony” who “grew up in Canada,” as former President Donald J. Trump, the Republican presidential nominee, continued raising false and incendiary questions about the presumed Democratic nominee’s racial identity. “Kamala Harris grew up in Canada,” Mr. Vance said during a campaign stop in Arizona on Wednesday. “They don’t talk like that in Vancouver or Quebec or wherever she came from.”Ms. Harris did, indeed, move to Montreal as a 12-year-old with her sister in 1976, when their mother, Shyamala Gopalan, was recruited to conduct breast-cancer research at Jewish General Hospital and to teach at McGill University’s medical school. Over the next five years, Kamala Harris continued to shuttle between Quebec’s largest city and California to stay with her father, Donald J. Harris, an economist at Stanford, and a family friend during holidays and vacations.

Persons: JD Vance, Kamala Harris, “, ”, Donald J, Trump, “ Kamala Harris, ” Mr, Vance, Ms, Harris, Shyamala Gopalan Organizations: Republican, Jewish General Hospital, McGill, Stanford Locations: Ohio, Canada, Arizona, Vancouver, Quebec, Montreal, Quebec’s, California

☆ Gold prices set for weekly gain with U.S. payrolls data on tap
▼ + stars: | 2024-08-02 | by ( ) www.cnbc.com time to read: +2 min

Gold prices firmed on Friday and were set for a weekly gain, driven by prospects of a Fed rate cut in September and rising tensions in the Middle East, while market participants awaited U.S. nonfarm payrolls data for further direction. Gold prices firmed on Friday and were set for a weekly gain, driven by prospects of a Fed rate cut in September and rising tensions in the Middle East, while market participants awaited U.S. nonfarm payrolls data for further direction. Spot gold was up 0.2% at $2,451.07 per ounce, as of 0243 GMT, and has gained more than 2% for the week. Trader bets for a super-sized 50-basis-point rate cut in September jumped to 28.5% from 11.8% earlier this week, according to the CME Group's FedWatch tool. "Angst surrounding U.S. elections and the conflict in the Middle East will play an assisting role in moving gold higher on a sustained basis," analysts at TD Securities said in a note.

Persons: Jerome Powell, Ajay Kedia, Mohammed Deif Organizations: Federal, Kedia Commodities, TD Securities Locations: U.S, Mumbai, Gaza, Tehran

☆ Gold prices set for monthly gain; traders eye Fed verdict
▼ + stars: | 2024-07-31 | by ( ) www.cnbc.com time to read: +2 min

An employee arranges one kilogram gold bars for a photograph at the YLG Bullion International headquarters in Bangkok, Thailand, on Jan. 13, 2016. Gold prices held steady on Wednesday and headed for a monthly gain, supported by rising optimism surrounding U.S. interest rate cuts, while focus shifted to Federal Reserve's policy verdict due later in the day. Spot gold held its ground at $2,407.85 per ounce, as of 0200 GMT, and has gained more than 3% for the month. Gold will rally if the Fed language indicates that multiple cuts are coming," said Kyle Rodda, a financial market analyst at Capital.com. Traders will also keep an eye on the ADP employment report due later in the day and Friday's U.S. payrolls report.

Persons: Fed's, Kyle Rodda, Israel, Hezbollah's, Rodda Organizations: Traders, Reuters Locations: Bangkok, Thailand, Federal, U.S, United States, Iraq, Beirut, Israel

☆ Gold lacks momentum as Fed meeting looms
▼ + stars: | 2024-07-30 | by ( ) www.cnbc.com time to read: +2 min

Gold struggled for momentum on Tuesday as investors looked for more cues on when the U.S. central bank will cut interest rates from this week's policy meeting and data releases. Gold struggled for momentum on Tuesday as investors looked for more cues on when the U.S. central bank will cut interest rates from this week's policy meeting and data releases. Spot gold was down 0.1% at $2,380.31 per ounce, as of 0156 GMT. "Any moves lower in the dollar would likely provide a boon to gold, which could again see levels north of $2,400." Lower interest rates reduce the opportunity cost of holding the non-yielding bullion.

Persons: Gold, Tim Waterer, KCM, Heraeus Organizations: Federal, Fed, Bank of England, Bank of Japan Locations: U.S

☆ Lululemon just released new leggings. Shoppers and shareholders are mad.
▼ + stars: | 2024-07-26 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAthleisure darling Lululemon just saw some tough love from investors and customers this week. The leggings, introduced earlier this month, were quickly criticized by some shoppers for an unflattering design, poor fit, and other issues. AdvertisementFashion YouTuber and previous Lululemon shopper Alexandra Alvarez said in a video review last week that she struggled with the Breezethrough leggings' fit and construction. On Reddit's 600,000-user Lululemon forum, the leggings received mixed reviews.

Persons: —, Lululemon, Matthew R, Boss, Alexandra Alvarez, Kathryn Mueller, I'm, Paul Lejuez, Lejuez, Janine Stichter Organizations: Service, Business, Citi, CNBC Locations: Vancouver

☆ Gold firms ahead of U.S. inflation data, but set for weekly loss
▼ + stars: | 2024-07-26 | by ( ) www.cnbc.com time to read: +2 min

Gold bars and gold coins of different sizes lie in a safe on a table at the precious metal dealer Pro Aurum. Gold was on track for a weekly loss, even as prices firmed on Friday ahead of a key U.S. inflation reading that could offer more cues on when the Federal Reserve will cut interest rates. "Last week, prices scaled record highs on bets of a September U.S. rate cut. The U.S. personal consumption expenditure data for June — the Federal Reserve's favored measure of inflation — is due at 1230 GMT. Meanwhile, India's demand for gold is likely to rise while moving into the fourth quarter, which is traditionally a robust seasonal period for gold demand," ANZ's Kumari said.

Persons: Gold, Soni Kumari, Sugandha Sachdeva, ANZ's Kumari Organizations: Aurum, Federal Reserve, ANZ, SS, U.S ., Hong Kong Locations: U.S, New Delhi, China, Hong

GLD 5Y mountain GLD The SPDR Gold Shares ETF is the world's largest, with BlackRock's iShares Gold Trust and iShares Physical Gold ETC the second and third, respectively. Other top physical gold ETFs include the Borse Commodities GmbH Xetra-Gold and the SPDR Gold MiniShares Trust . Gold mining ETFs Buying gold mining ETFs — which own shares of multiple gold mining companies — is another way to get exposure to gold, and Meyer described those backed by large banks as "relatively safe," in an email to CNBC. "Even though gold equities respond to changes in gold price, the degree of that response has deteriorated over time," he said, adding that the risks and costs of gold extraction can weigh on miners. A selection of gold bars and one-ounce gold coins at Gold Investments Ltd. bullion dealers in London, UK, on Tuesday, May 21, 2024.

Persons: Tom Price, Price, Berenberg, Robin Bhar, Amy Arnott, John Meyer, Colin Hamilton, BlackRock's, Meyer, Barrick Gold Panmure Liberum, George Milling, Stanley, they're, Morningstar's Arnott, Bhar, Chris Ratcliffe Organizations: CNBC, Panmure, Bank of America, Citi, UBS, Gold, Morningstar, SP, CNBC Pro, Royal Mint, BMO Capital Markets, Borse Commodities, MiniShares, Gold Miners ETF, Miners, Barrick, Resolute Mining, Hochschild, Caledonia Mining, Barrick Gold Panmure, Endeavour Mining, Endeavour, Pan, Resources, State Street Global Advisors, Gold Investments, Bloomberg, Getty Locations: Panmure Liberum, U.S . New York, United States, U.S, Hochschild Mining, Zimbabwe, London, West Africa, Berenberg

☆ Gold skids on profit-taking, with U.S. economic data on radar
▼ + stars: | 2024-07-25 | by ( ) www.cnbc.com time to read: +1 min

Gold prices fell more than 1% on Thursday as investors booked profits ahead of U.S. economic data that could offer more cues on when the central bank will cut interest rates this year and by how much. Spot gold fell 1.2% to $2,369.20 per ounce by 0533 GMT. So, it looks like we are seeing some profit-taking and from a technical perspective, prices could move lower," said Kelvin Wong, OANDA's senior market analyst for Asia Pacific. Traders are expecting that the Fed will deliver a long-awaited rate cut in September. If PCE data shows that inflation is slowing and the Fed can cut rates in September, then we will see a resurgence in gold prices, Wong said.

Persons: Kelvin Wong, OANDA's, Wong Organizations: Asia Pacific, Federal, Gold Locations: U.S

☆ Who will light the Olympic cauldron? Here are 10 potential candidates
▼ + stars: | 2024-07-25 | by ( Mark Puleo | ) www.nytimes.com time to read: +7 min

The lighting of the Olympic cauldron is a spectacle steeped in both tradition and secrecy. With just one day until the opening ceremony, the identity of the individual who will light the cauldron remains unknown. The 25-year-old led France to 2018 World Cup triumph, becoming the second teenager in history (after Pelé) to score in a final, then led France to another World Cup final in 2022. He was the team’s leading scorer during its 1998 World Cup title run and later transitioned to coaching after retirement. AdvertisementTony ParkerTony Parker had his number retired before a French Olympic tuneup game earlier this month.

Persons: Tony Estanguet, —, Marie, José Pérec Marie, José Pérec, Loup Gautreau, Pérec, Estanguet, Zinedine Zidane, Ballon, Zidane, headbutting Italy’s Marco Materazzi, Kylian, Mbappé, Real Madrid Omar Sy, Sy, Lupin, Haakon, Chung Sun, Emmanuel Macron, Macron, Thierry Henry Thierry Henry, Nicolas Tucat, Henry, Victor Wembanyama, Thomas Pesquet, Pesquest, Martin Fourcade Fourcade, Tony Parker Tony Parker, Maxime Gruss, Tony Parker, Star, Joel Embiid, Jean, Pierre Siutat, Athletic Embiid, Embiid, “, Weis, Naomi Osaka, Yuna Kim, Cordeiro de, Vladislav Tretiak, Wayne Gretzky, Steve Nash, Christian Petersen Organizations: Getty, Summer Games, headbutting, Real Madrid, Games, Globe, French, Arsenal, France, France’s U21, Space, Getty Images, San Antonio Spurs, NBA, FIBA, French Federation of Basketball, Athletic, Philadelphia 76ers, Blues, spurning Locations: Paris, France, AFP, Barcelona, Atlanta, Guadeloupe, Norway, South Korea, Pyeongchang, United States, French, Cameroon, spurning France, Tokyo, Rio de Janeiro, Cordeiro de Lima, Sochi, London, Vancouver

☆ Jordan Chiles is competing in her second Olympics in Paris. Meet the gymnast who already counts Beyoncé and Michael Jordan as fans.
▼ + stars: | 2024-07-24 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +5 min

Jordan Chiles has been a gymnast since the age of six. The 5'5 athlete grew up in Vancouver, WA, and was named after Michael Jordan, according to her profile on Team USA's website. Chiles told The Times that she considered quitting in 2017 after having a difficult experience with her former coaches. Jordan Chiles and Simone Biles train together and have been friends for years. "Hey Jordan, this is Michael Jordan.

Persons: —, Jordan Chiles, Simone Biles, Chiles, Elsa, Michael Jordan, Suni Lee, Hezly Rivera, Jade Carey, Timothy, Gina Chiles, she'd, Biles, Carter, Beyoncé, Hey Jordan, Here's, Hope Organizations: Service, Paris Olympics, USA, Business, US, USA's, The New York Times, Times, The Times, UCLA, NBC, Nike, Beyoncé's Locations: Paris, Washington, Vancouver , WA, Texas, Tokyo

☆ Gold prices climb as investors focus on U.S. economic data
▼ + stars: | 2024-07-24 | by ( ) www.cnbc.com time to read: +2 min

Gold prices inched higher on Wednesday, with investors awaiting U.S. economic data that could influence the Federal Reserve's rate-cut timeline. Gold prices inched higher on Wednesday, with investors awaiting U.S. economic data that could influence the Federal Reserve's rate-cut timeline. Bullion prices scaled an all-time high of $2,483.60 last week amid rising bets of rate cuts. Spot gold may break resistance at $2,417 and bounce further to $2,432, according to Reuters technical analyst Wang Tao. "Growth estimates in photovoltaic panel usage have been markedly revised higher, resulting in silver demand draws far exceeding supply.

Persons: Tim Waterer, KCM, Wang Tao Organizations: ANZ, Management Locations: India

☆ I was an Amazon software engineer for almost 8 years. I either loved or hated the company — I never felt indifferent.
▼ + stars: | 2024-07-23 | by ( Pooya Amini | ) www.businessinsider.com time to read: +11 min

While working there, I never felt indifferent toward the company; I either loved or hated it. Amazon felt like an engineer-driven company because technical engineers had control over entire projects versus being assigned small tasks by non-technical managers. As a senior engineer, I ran a training on "customer obsession," one of the main "leadership principles" that define Amazon employees. Because there are so many principles, managers could use them in contradictory ways. Amazon on-call shifts were frustrating and exhaustingAt Amazon, most of our product decisions were based on customers.

Persons: —, I've, you've Organizations: Service, Amazon Vancouver, Amazon, Meta, Business, Amazon Web Services, Alexa, . Locations: Amazon Vancouver, Amazonians, Amazon

☆ Couple found dead in lifeboat after failed Atlantic crossing
▼ + stars: | 2024-07-22 | by ( Jack Guy | ) edition.cnn.com time to read: +2 min

CNN —A British-Canadian couple who were attempting to sail across the Atlantic have been found dead on an island off the east coast of Canada. The couple left Halifax Harbour, Nova Scotia on June 11 en route to the Azores, a group of Portuguese islands in the mid-Atlantic, around 2,000 miles away. It is not clear why the couple abandoned the Theros and got into a lifeboat. They stayed in touch after Clibbery moved back to Canada and Packwood visited him in Salt Spring Island near Vancouver, where the Theros was docked, in spring 2016. “He took me on my first ever yacht trip and I loved it,” Packwood told The Guardian.

Persons: CNN —, Brett Clibbery, Sarah Packwood, Clibbery’s, James, Packwood, “, ”, ” Clibbery, Clibbery, ” Packwood, “ Brett Organizations: CNN, SV Theros, Royal Canadian Mounted Police, RCMP, Halifax Harbour, Maritime Museum, Facebook, YouTube, Guardian Locations: Canada, , Nova Scotia, Halifax, Halifax Harbour , Nova Scotia, Azores, London, Britain, Salt, Vancouver

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☆ Safe-haven gold firms as Biden move sparks market uncertainty
▼ + stars: | 2024-07-22 | by ( ) www.cnbc.com time to read: +2 min

A one kilogram gold bar sits on top of silver bars at London bullion dealers Gold Investments in London, United Kingdom, on April 4, 2013. Gold prices firmed on Monday as the dollar eased following U.S. President Joe Biden's decision to withdraw from the 2024 presidential race, with investors turning to bullion as a hedge against an uncertain political and market outlook. Spot gold rose 0.2% at $2,405.40 per ounce, as of 0510 GMT, while U.S. gold futures gained 0.3% to $2,407.20. The prospect of rate cuts and political uncertainty in the United States are supporting gold prices, and conditions are in place for gold to see another record high before the end of 2024, said Kyle Rodda, a financial market analyst at Capital.com. Among other metals, spot silver fell 0.5% to $29.11 per ounce, platinum slipped 0.3% to $959.99, while palladium rose 1.1% to $916.18.

Persons: Joe Biden's, Kyle Rodda, Joe Biden, Donald Trump, Trump, Gold, Rodda Organizations: London, Investments, Republican, U.S Locations: London, United Kingdom, United States, U.S, China

☆ Serve Robotics stock soars 241% after Nvidia takes $4 million stake in the company
▼ + stars: | 2024-07-19 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Serve Robotics' shares soared 241% after Nvidia disclosed a stake in the company. Serve Robotics focuses on self-driving delivery vehicles for last-mile deliveries. AdvertisementShares of Serve Robotics soared as much as 241% on Friday after Nvidia disclosed a stake in the company. The bond was converted to stock following Serve Robotics public debut in April. In February, Nvidia disclosed relatively small investments in SoundHound AI and Nano X Imaging, resulting in similarly big stock price moves.

Persons: —, Serve's, Uber Organizations: Robotics, Nvidia, Service, SEC Locations: Los Angeles, San Diego, Dallas, Vancouver

☆ Gold shines on rising Fed rate-cut outlook
▼ + stars: | 2024-07-18 | by ( ) www.cnbc.com time to read: +2 min

Spot gold rose 0.1% to $2,461.27 per ounce, as of 0218 GMT. Fed Governor Christopher Waller and New York Fed President John Williams both noted the shortening horizon toward looser monetary policy. Separately, Richmond Fed President Thomas Barkin said he is "very encouraged" on broadening declines in inflation. "Over the next 6-12 months, regardless of who wins the (U.S.) election, we see gold rising to $2700-$3000 and silver to $38," Citi Research said. Spot silver rose 0.2% to $30.35, platinum steadied at $994.81 and palladium gained 0.4% to $955.77.

Persons: Ryan McIntyre, Christopher Waller, John Williams, Thomas Barkin, CME's Organizations: Sprott Asset Management, Holdings, New York Fed, Richmond Fed, Federal, Citi Research, Investors, U.S Locations: U.S, ., China

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