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☆ Scientists discover duck-billed dinosaur roamed Chile 72 million years ago
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +2 min

Scientists have dubbed the dinosaur Gonkoken nanoi and say it weighed up to a metric ton and could grow to 4 meters (13.12 feet) in length according to the study published in Science Advances. In 2013, an expedition led by the Chilean Antarctic Institute (INACH) discovered fragments of yellowish bones at the bottom of a hillside close to the major tourist destination Torres del Paine in Patagonia. "(The) Gonkoken nanoi is not an advanced duck-billed dinosaur, but rather an older transitional duck-billed lineage: an evolutionary link to advanced forms," said Alexander Vargas, another study author. "Gon" means similar or similar to and "koken" means wild duck or swan. Reporting by Fabian Andres Cambero; Writing by Alexander Villegas; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

Persons: Torres del, Read, del, Jhonathan Alarcon, Alarcon, Alexander Vargas, Mario, Fabian Andres Cambero, Alexander Villegas, Sandra Maler Organizations: El valle del rio, Torres del Paine, Chilean Antarctic Institute, del Paine, Thomson Locations: Chilean, El valle del, Chinas, Torres, Magallanes, Antarctic, Chile, SANTIAGO, Patagonia

☆ Toolbelts, cardboard bags and ‘crogs:’ Fendi makes a case for carpenter-core
▼ + stars: | 2023-06-16 | by ( Scarlett Conlon | ) edition.cnn.com time to read: +4 min

Step forward the “corporate artisan”, star of the Italian fashion house’s SS24 show on Thursday night and proposed pin-up for next season. Part technical-whizz, part traditional tool-master, the handle speaks to the modern-day creative, said Artistic Director Silvia Venturini Fendi in a pre-show preview with CNN. FendiFor the accessories, Venturini Fendi collaborated with the Japanese architect Kengo Kuma - who she regards to be “the best to combine nature and technology” - to reinvent signature Fendi bags including the Peekaboo in traditional Japanese washi paper. The clog silhouette is going nowhere, as Fendi becomes the latest high fashion brand to reimagine the comfy slip-on shoe. Pietro D'Aprano/Getty ImagesThe set, said Venturini Fendi, was masterminded so to be transparent about the teamwork involved in creating a fashion collection.

Persons: Silvia Venturini Fendi, Fendi, ”, Kengo Kuma, JW Anderson, Pietro D'Aprano, Venturini Fendi, “ It’s, ” Alexander Skarsgard, Daniele Venturelli, Adele, Karl Lagerfeld, “ Organizations: CNN, JW Locations: Capannuccia, Florence, Italy, Rome

☆ Just days after pausing rate hikes, Fed official calls for more increases
▼ + stars: | 2023-06-16 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

Washington, DC CNN —The dust has barely settled on the Federal Reserve’s decision to pause its aggressive rate-hiking campaign — but in public appearances Friday, central bank officials have a clear message: Keep hiking. In one of the first speeches, Fed Governor Christopher Waller said Friday that additional rate increases are necessary to bring inflation down to the central bank’s 2% target. The Fed’s decision to restart hikes depends on what data show in the coming weeks and months. It is the job of bank leaders to deal with interest rate risk and nearly all bank leaders have done exactly that,” Waller said. A representative of the event said the conference wasn’t being recorded and that only registrants who paid a fee were able to attend.

Persons: Christopher Waller, ” Waller, ”, Gregory Daco, Ernst & Young, ” Powell, Waller, “, Michael Gapen, Gapen, they’re, Louis President James Bullard, Thomas Barkin Organizations: DC CNN, Federal, Norges Bank, International Monetary Fund, Ernst &, Bank, BofA Global Research, CNN, Federal Reserve Bank of St, Federal Reserve Bank of Richmond, Maryland Government Finance, Association Locations: Washington, Oslo, Norway, ”

☆ Futures falter as Fed forecasts further rate hikes
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: +2 min

Traders see a 72% chance of a 25-basis-point rate hike in July, up from around 60% a day earlier, according to the CME Fedwatch tool. "Powell expressed that the committee seemed surprised about the resilience of current inflation even if Tuesday's CPI print showed a continued slowing in the headline inflation rate," said Charles Hepworth, investment director at GAM Investments. The S&P 500 (.SPX) and Nasdaq (.IXIC) rose for a fifth consecutive session on Wednesday, while the Dow (.DJI) ended down following the Fed decision. ET, Dow e-minis were down 78 points, or 0.23%, S&P 500 e-minis were down 18.25 points, or 0.41%, and Nasdaq 100 e-minis were down 107 points, or 0.7%. Reporting by Shristi Achar A and Sruthi Shankar in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Persons: TD Cowen, Powell, Charles Hepworth, Shristi Achar, Sruthi Shankar, Vinay Dwivedi Organizations: Dow, Nasdaq, Federal Reserve, Fed, Traders, GAM Investments, Apple, Nvidia, Tesla, Dow e, Investors, Kohls Corp, Alibaba, People's Bank of China, Thomson Locations: China, U.S, Bengaluru

☆ Bipartisan Bills Look to Change Import Law Seen as Boon to E-Commerce Companies
▼ + stars: | 2023-06-15 | by ( Jordyn Holman | ) www.nytimes.com time to read: +3 min

Currently, companies importing packages valued under $800 are not charged duties, taxes or fees to the United States government. A bill introduced Thursday looks to bar countries such as China and Russia, which are considered “nonmarket economies,” from being eligible to use this trade law. Some online retailers have financially benefited from the law because they ship small batches of orders directly to shoppers from overseas. Its $11 smock dresses and $6 floral print bikinis are shipped directly to shoppers, allowing it to bypass any import fees. That could lead to more fees at customs as it directs bulks of goods to its warehouses before going to consumers.

Persons: ”, Marco Rubio, Sherrod Brown, Earl Blumenauer, Neal Dunn, ” Mr, Blumenauer, Shein Organizations: United, Customs, Republican, Ohio Democrat, Democrat, Florida Republican Locations: United States, China, Russia, Florida, Ohio, Oregon, U.S

☆ Thieves’ Loot: A Warhol, a Pollock and 9 of Berra’s World Series Rings
▼ + stars: | 2023-06-15 | by ( Eduardo Medina | ) www.nytimes.com time to read: +1 min

An alarm at the International Boxing Hall of Fame in Canastota, N.Y., blared at about 2 a.m. on a fall morning in 2015, prompting its director to drive to the building and learn that culprits had broken in and stolen six championship belts from the ’40s and ’50s. “Who could do this to a hall of fame museum?” Edward Brophy asked police officers. Blood from one of the thieves appeared to drip from the splintered glass of a window they had broken in through. Mr. Brophy recalled thinking at the time: Maybe that would help investigators find the culprits. Nearly a decade later, it did.

Persons: ” Edward Brophy, Brophy, Andy Warhol, Yogi Berra, — Organizations: International Boxing Hall of Fame, Federal, New York Yankees Locations: Canastota, Pennsylvania, Pennsylvania , New Jersey , New York , Massachusetts, North Dakota

☆ Asia inflation has peaked, region's growth to overtake U.S. and Europe, Morgan Stanley says
▼ + stars: | 2023-06-15 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +3 min

Citing reasons for his optimism, he said Asia is expected to deliver healthier growth rates while the West lags behind. Asia inflation 'not as intense'"We're definitely expecting growth in these two economies to be constrained by the fact that they have had this significant inflation problem," Ahya said in reference to the U.S. and Europe. The U.S. inflation rate has been holding well above the Fed's 2% annual target. Chetan Ahya Chief Asia Economist at Morgan StanleyChina's consumption 'on track'Another driver of Asia's growth is China's projected recovery in the second half of the year. "We're expecting China's recovery to broaden out in second half of this year," Ahya said.

Persons: Kazuhiro Nogi, Morgan Stanley, Chetan Ahya, Ahya, We're Organizations: Mount Fuji, Afp, Getty, Federal Reserve, Asia, Nurphoto, People's Bank of China Locations: U.S, Europe, Asia, India, Indonesia, Japan, Central, China, Jakarta

☆ Three Arrows Capital's NFTs fetch $10.9 mln at Sotheby's
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: +2 min

LONDON, June 15 (Reuters) - A set of non-fungible tokens previously bought by bankrupt cryptocurrency hedge fund Three Arrows Capital sold for $10.9 million at Sotheby's in New York on Thursday, the auction house said. Non-fungible tokens (NFTs) are a blockchain-based asset that represents ownership of a digital item such as an image, video or piece of text. It sold for $6.2 million on Thursday, Sotheby's said, having been bought by Three Arrows Capital for around $5.9 million in August 2021 according to DappRadar data. Singapore-based Three Arrows Capital was the first in a series of major crypto firms to go bankrupt in 2022, following the collapse of cryptocurrencies Luna and TerraUSD. Another seven of Three Arrows Capital's NFTs were already sold for $2.5 million at a Sotheby's auction in May.

Persons: Dmitri Cherniak, Sotheby's, Michael Bouhanna, cryptocurrencies Luna, NFTs, Elizabeth Howcroft, Nilutpal Timsina, Sonali Paul Organizations: Arrows Capital, Arrows, U.S, Three Arrows Capital, NFTs, Thomson Locations: New York, Sotheby's, Singapore

☆ Asian shares up, dollar wobbly as US inflation data reinforces Fed pause bets
▼ + stars: | 2023-06-14 | by ( Stella Qiu | ) www.reuters.com time to read: +4 min

The much-watched U.S. CPI report overnight showed prices barely rose in May, with just a 0.1% increase from the prior month. On an annual basis, consumer prices rose 4%, the smallest in more than two years, slowing from April's 4.9%. Short-dated German yields jumped to a 3-month high overnight as investors looked to the rate decision from the European Central Bank on Thursday. Oil prices were lower in early trade after receiving a 3% boost on China's policy rate cut. U.S. crude futures were off 0.5% to $69.12 per barrel, while Brent crude futures fell 0.4% to $74.02 per barrel.

Persons: China's, Tony Sycamore, Jerome Powell, Stella Qiu, Shri Navaratnam Organizations: Nikkei, Federal Reserve, U.S, CPI, Fed, Tokyo's Nikkei, Bank of Japan, Nasdaq, IG, Bank of England, European Central Bank, Brent, Thomson Locations: China, Hong Kong, SYDNEY, Asia, Pacific, Japan

☆ Bezos is back at it with another hot yacht summer
▼ + stars: | 2023-06-14 | by ( Lina Batarags | ) www.businessinsider.com time to read: +2 min

Recent photos show Jeff Bezos hanging out with his fiancée, Lauren Sanchez, on a yacht in Portofino. Per reports, the ship in question is Bezos' $500 million yacht, Koru, which set sail in February. Jeff Bezos and Lauren Sanchez hanging out in Portofino, Italy. Bezos and Sanchez were also photographed on the yacht off the coast of Spain in May, shortly after they hit up Coachella. And you can't see it in this recent series of photos, but Bezos' yacht is adorned with a female bust, which people have been speculating is modeled off of Sanchez.

Persons: Jeff Bezos, Lauren Sanchez, She's, You'd, it's, didn't, Bezos, Sanchez, Lloyd Blankfein, Kloss, David Geffen's, Bezos didn't Organizations: Morning Locations: Portofino, Italian, Rotterdam, Italy, Spain

☆ Catastrophe-proof and dirt cheap — Home Depot's $44,000 DIY tiny house underscores America's obsession with small living
▼ + stars: | 2023-06-14 | by ( Laurin Meyer | ) www.businessinsider.com time to read: +7 min

In Germany, the trend towards tiny houses is associated with financial risks due to the peculiarities of German law. And it seems that Americans are also thrilled about the hardware store house. Excessive regulations and requirements hinder tiny houses in GermanyNevertheless, the demand for tiny houses is also growing in Germany. "It is easier to build your tiny house according to the individual building regulations of the selected property than to first build the tiny house and then look for a plot of land," explains the German Tiny House Association. Furthermore, it is often generally expensive to find a suitable place for one's own tiny house.

Persons: —, Nature, Zillow Organizations: Service, Home Depot, Twitter, Tiny House Association . Locations: Germany, United States, California, Oklahoma

☆ Here are Wednesday's biggest analyst calls: Apple, Tesla, SoFi, ServiceNow, Meta, Netflix, Splunk and more
▼ + stars: | 2023-06-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +12 min

Piper Sandler initiates Domino's as overweight Piper said it sees an attractive risk/reward for Domino's shares. Piper Sandler reiterates Meta as outperform Piper Sandler raised its price target on the stock to $310 per share from $270 and said ad spend is "holding up." Citi downgrades Logitech to neutral from buy Citi downgraded the stock due to the unexpected departure of CEO Bracken Darrell. Citi reiterates Accenture as buy Citi said the Dublin-based IT company is an AI beneficiary. Piper Sandler initiates Bentley Systems as overweight Piper said the company is a "high quality industrial software franchise operating with scale."

Persons: Piper Sandler, Piper, Wolfe, it's bullish, Bernstein, Gordon Haskett downgrades, Gordon Haskett, Needham, ServiceNow, Bracken Darrell, Guy Gecht, Raymond James, Dave, Buster's, Riley downgrades Cinemark, Riley, Li, Morgan Stanley, Tesla, Splunk, TD Cowen, Wingstop, Cowen, it's, Estée Lauder, Berenberg, Roth, Morgan, Bud Light Organizations: Barclays, Netflix, FedEx, Apple, TAM, Citi, Logitech, Materials, SVB Securities, PayPal, Linde, LIN, Bank of America, Oculis, Dave, Cinemark Holdings, Inc, Accenture, IT Services, Li Auto Citi, China, Li, SSS, Bentley Systems, Photonics, Technologies, AMD Data Center, JPMorgan, DG, Anheuser, Busch InBev, Molson Coors, & $ Locations: 3Q22, 4Q22, 2H23, Latin America, Dublin, Bergamo

If you're looking for options to help you get out of debt and make repayment easier, debt consolidation may be right for you. Debt consolidation takes a group of different debts you owe and turns them into one monthly payment. See the current debt consolidation interest rates >>With debt consolidation, you take out a new loan to pay off debts you owe on multiple different accounts. Personal loansA personal loan is a flexible loan option that can be used for various personal reasons, including debt consolidation. See Insider's guide to the best debt consolidation loans >>Compare Personal Loan RatesBalance transfer credit cardsAnother option for debt consolidation if you have credit card debt is a balance transfer.

Persons: — Organizations: Service, Chase Slate

☆ Bank of England to press on with rate hikes, peak at 5.00% in Q3
▼ + stars: | 2023-06-14 | by ( Jonathan Cable | ) www.reuters.com time to read: +4 min

In December 2021 the BoE was one of the first major central banks to draw a line under its ultra-loose pandemic-era monetary policy. It has now raised borrowing costs by 440 basis points across 12 consecutive meetings in modest-sized rate rises. All 64 economists polled June 12-14 said the BoE would add another 25 basis points to Bank Rate on June 22, taking it to 4.75%. A majority of economists surveyed, 52 of 64, said Bank Rate will have peaked by end-August with the median forecast putting it at 5.00%. Although starting later, both the Fed and the European Central Bank have largely been raising rates in greater magnitudes than the BoE.

Persons: BoE, Ellie Henderson, BoE Governor Andrew Bailey, Jonathan Haskel, Catherine Mann, Megan Greene, Silvana Tenreyro, Stefan Koopman, Investec's Henderson, Jonathan Cable, Aditi Verma, Anitta Sunil, Ross Finley, Catherine Evans Organizations: Bank of England, Monetary, Committee, Rabobank, U.S . Federal, Fed, European Central Bank, Reuters, Thomson Locations: Investec

☆ Uber CEO Dara Khosrowshahi shares the most common career mistake young people make
▼ + stars: | 2023-06-14 | by ( Cadie Thompson | ) www.businessinsider.com time to read: +3 min

Having a career plan is great, but you don't want to overdo it. Uber CEO Dara Khosrowshahi says the most common mistake he sees young people make is overplanning. "I always tell people that the most common mistake I see in young people is that they overplan their career," Khosrowshahi said on a recent podcast of Acquired. An analyst is not supposed to talk to a CEO," Khosrowshahi said. IAC ended up buying Expedia in 2001, and four years later, Khosrowshahi became CEO of the travel booking company.

Persons: Dara Khosrowshahi, —, Khosrowshahi, Khosrowshahi's, Barry Diller, Diller, Barry, Herbert Allen, Allen, Uber Organizations: Service, Allen & Company, Paramount, USA Networks, IAC, Allen, Uber's Locations: Expedia

☆ Fact Check-Quote about truth and fools is falsely attributed to Mark Twain
▼ + stars: | 2023-06-13 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

American writer Samuel Langhorne Clemens, known by his pen name Mark Twain, did not say, “The truth has no defense against a fool determined to believe a lie,” according to experts familiar with his life and work. – Mark Twain.”“Perfect description of a liberal Democrat,” reads one comment, while another says, “Yup, people who believe in god is biggest example.”Reuters did not find the quote attributed to Twain in websites dedicated to his work, such as the Mark Twain Project Online (here), the Center for Mark Twain Studies (here) and Twain Quotes (www.twainquotes.com/). “I can't say that I know of any evidence, in print or manuscript, that Clemens said that,” said Robert H. Hirst, general editor of the Mark Twain Project Online and curator of the Mark Twain Papers (here, here) in an email to Reuters. “In fact, I have not seen an attribution to Twain dated prior to 2021.”VERDICTFalse. There is no evidence that American writer Mark Twain said this quote.

Persons: Samuel Langhorne Clemens, Mark Twain, ”, “ Yup, Twain, Clemens, Robert H, Hirst, “ it’s, ” Matthew Seybold, ” Seybold, “, Twain’s, Read Organizations: ” Reuters, Mark, Mark Twain Studies, Reuters, Center, Elmira College

☆ To Truly Understand the Past, Pick Up an Old Magazine
▼ + stars: | 2023-06-13 | by ( Brian Dillon | ) www.nytimes.com time to read: +3 min

And not a single mention yet of AIDS; in a Wrangler ad, a model’s speech bubble announces, oblivious: “I’m Positive.” In these magazine pages, it both is and is not the 1984 of my memory. “Priceless flotsam they seemed to us then,” Elizabeth Hardwick once wrote, recalling her youthful fascination with old jazz records. I’ve long felt the same way about magazines, old and new. Old magazines are cheap time machines, archaeologies of collective desire. Find a print issue, specialist or popular, preferably more than 20 years old (though 10 may do the trick), and read it from cover to cover.

Persons: Kate Bush, won’t, ” It’s, Roland, ” Elizabeth Hardwick, Joan Didion, ”, Hardwick, Alberto Giacometti, Gordon Parks, William Klein Organizations: Vogue Locations: London, New York, Dublin, ., Mexico City

☆ What it's like to work with a billionaire, according to ex-colleagues of Elon Musk, Jeff Bezos, Bill Gates, and Sara Blakely
▼ + stars: | 2023-06-13 | by ( Jack Sommers | ) www.businessinsider.com time to read: +6 min

Past colleagues discussed working with Bill Gates, Elon Musk, Jeff Bezos, and Sara Blakely. Here, people who've worked alongside Elon Musk, Jeff Bezos, Bill Gates, and Sara Blakely talk about what it was like. After buying their company, Gates interrogated Williams and his colleagues about why their product was better than its Microsoft rival's. Reuters 'Girl next door' Sara Blakely was a 'creative genius'Lisa Magazine and Kenya Graham were personal and executive assistants, respectively, to Blakely, the Spanx founder. Read more: Elon Musk was a 'fun' boss but fired people on the spot if they disagreed with him, former Tesla manager says

Persons: Bill Gates, Elon Musk, Jeff Bezos, Sara Blakely, they'd, —, who've, Gates, Alex Wong, Chris Williams, Williams, aul Ellis, Colin Bryar, Bryar, Bezos, I've, Blakely, Lisa, Kenya Graham, Graham, Read, Sara Blakely's, Musk, Dimitrios Kambouris, Elon, Carl Medlock, he'll, Medlock, didn't Organizations: Service, Elon, Microsoft, Amazon, Amazon VP, Reuters, Lisa Magazine, Kenya, Nordic Business, Getty Locations: Blakely, Atlanta, Medlock

☆ CPI in May: US inflation cooled significantly — but it's still not where the Fed wants it
▼ + stars: | 2023-06-13 | by ( Alicia Wallace | ) edition.cnn.com time to read: +8 min

The Consumer Price Index, a key inflation gauge that measures price changes for a basket of goods and services, increased 4% for the year ending in May. That represents a sharp pullback from April’s 4.9% and is slightly below economists’ expectations for a 4.1% gain, according to Refinitiv. It’s the 11th consecutive month that inflation has slowed, and it’s a welcome reprieve from the painful shock of persistently high inflation endured during the past two years. The Fed would like to see inflation (as measured by the core Personal Consumption Expenditures index) settle in at 2%. Markets are currently pricing in a 95.3% probability that the Fed pauses on Wednesday, according to CME FedWatch.

Persons: It’s, “, Nancy Vanden Houten, it’s, Chris Zaccarelli, “ They’ve, ”, Scott Olson, Vanden Houten, There’s, Kurt Rankin, ” Rankin Organizations: Minneapolis CNN, Bureau of Labor Statistics, Oxford Economics, CNN, Federal Reserve, Independent, CPI, Fed, FedWatch, Walmart, Federal Reserve Bank, Richmond, Hospitality, PNC Financial Services, PNC, United Locations: Minneapolis, Chicago , Illinois, United States

☆ Whatever Happened to ‘Free’ News? - The New York Times
▼ + stars: | 2023-06-13 | by ( Lydia Polgreen | ) www.nytimes.com time to read: +3 min

Then Donald Trump won the presidential election, and I felt that maybe in that moment there was work to do elsewhere. With its clever, large-format headlines and populist sensibility, HuffPost had the feel of a left-of-center tabloid, like The New York Daily News in its heyday. In a way, this plan represented a very old model of paying for quality journalism, one that began in 1833, when a young businessman named Benjamin Day had an idea. The handsome profits they reaped enabled investments in high-quality journalism, including high-risk and expensive endeavors such as investigative reporting and international coverage. Local news cratered, and even titans like The New York Times faced existential threats.

Persons: Donald Trump, HuffPost, Benjamin Day, Tim Wu Organizations: The New York Daily News, Corporate America, The New York Sun, The New York Times Locations: New York, United States

☆ Fewer people trust traditional media, more turn to TikTok for news, report says
▼ + stars: | 2023-06-13 | by ( Helen Coster | ) www.reuters.com time to read: +2 min

TikTok is the fastest growing social network in the report, used by 20% of 18- to 24-year-olds for news, up five percentage points from last year. Trust in the news has fallen by 2 percentage points in the last year, reversing gains made in many countries at the peak of the coronavirus pandemic. On average, 40% of people say they trust most news most of the time. Across markets, 56% of people say they worry about identifying the difference between real and fake news on the internet – up 2 percentage points from last year. Reporting by Helen Coster; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Rasmus Nielsen, Helen Coster, David Gregorio Our Organizations: YORK, Reuters Institute for, Journalism, Reuters, U.S, Trust, United, Thomson Reuters Foundation, Thomson Reuters, Thomson Locations: United States

☆ Greene: If CPI comes in softer than expected, markets should see an intra-day rally
▼ + stars: | 2023-06-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGreene: If CPI comes in softer than expected, markets should see an intra-day rallyVictoria Greene, G Squared Private Wealth Founding Partner and CIO, discusses how today's CPI print and the Fed's policy meeting will impact the trading day ahead.

Persons: Greene, Victoria Greene Organizations: Private

☆ Rupee likely higher; awaits pivotal US inflation data, eyes yuan
▼ + stars: | 2023-06-13 | by ( ) www.reuters.com time to read: +2 min

MUMBAI, June 13 (Reuters) - The Indian rupee is expected to open slightly higher on Tuesday ahead of key U.S. inflation data, which analysts reckon may prove instrumental in the Federal Reserve's decision on interest rates. Non-deliverable forwards indicate rupee will open at around 82.40 to the U.S. dollar compared with 82.43 in the previous session. India's inflation was positive for the rupee "on the margins" and "now let's see how U.S. data plays out", the trader added. The U.S. inflation data is due later in the day, with economists polled by Reuters projecting a 0.4% on-month increase in the core inflation rate. The dollar index was barely changed at near 103.50 while the 2-year U.S. yield dropped to 4.55%.

Persons: Nimesh Vora, Dhanya Ann Thoppil Organizations: U.S, People's Bank of, Reserve Bank of India, Reuters, ANZ, Brent, Thomson Locations: MUMBAI, People's Bank of China, U.S

☆ Washington Post publisher Fred Ryan steps down
▼ + stars: | 2023-06-12 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

CNN —Fred Ryan, the publisher and chief executive of The Washington Post who oversaw the newspaper through several tumultuous years, announced on Monday that he will step down from his position after nearly a decade at the helm. “Nine years ago, I was honored to be selected by Jeff Bezos to be Publisher and CEO of The Washington Post,” Ryan wrote in a memo to staff on Monday. Ryan’s handling of the matter angered much of the newsroom and pushed high-profile reporters to join the newspaper’s union, including some who had previously resisted joining the union, known as The Washington Post Newspaper Guild. Ryan said that he will continue in his position as publisher of the newspaper until August 1 to help with the transition. Patty Stonesifer, the founding chief executive of the Bill and Melinda Gates Foundation and an Amazon board member, will serve as interim chief executive of The Post.

Persons: Fred Ryan, Ryan, Ronald Reagan, Jeff Bezos, ” Ryan, Jeff, Donald Trump, “, We’ve, Patty Stonesifer, Melinda Gates, “ I’m, Fred, we’ve, ” Bezos, ” Organizations: CNN, The Washington Post, Foundation, Employees, Washington Post Newspaper, Melinda Gates Foundation, The, Amazon

☆ I'm an author who used TikTok to sell enough books that I could quit my day job as a nurse. Here's how.
▼ + stars: | 2023-06-12 | by ( Marta Biino | ) www.businessinsider.com time to read: +5 min

In the summer of 2022, he got access to TikTok Shop and began selling his books through the app. Last summer, I started using TikTok Shop as a platform to sell my books directly to people in the UK. Since I began using TikTok Shop, I've made over £11,000, about $14,000. With TikTok Shop, I end up with £2 or £3 per book more than when I sell through Amazon, on average. But because there are better margins on TikTok, I'm in control of discounts and offers.

Persons: Adam Beswick, He's, A.P Beswick, haven't, TikTok, It's, I've, — I'm, I'm, that's, it's, you'll, you've Organizations: KDP, Amazon Locations: TikTok

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