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Swedbank estimates the current shortfall for Heimstaden Bostad could be roughly 30 billion crowns ($2.7 billion). Sweden's financial regulator launched an inquiry into why and how Alecta had invested $4.5 billion in the property giant, in the first place. "If interest rates continue to rise and it's coupled with unemployment, that's what we are afraid of." With interest rates still climbing, analysts such as Marcus Gustavsson of Danske Bank, believe the worst is not yet over. "With rising interest rates, that funny money has turned into real money and it is painful."
Persons: Heimstaden Bostad, Alecta, Christian Dreyer, Karolina Ekholm, Heimstaden's Dreyer, we're, Dreyer, Niklas Wykman, Heimstaden, David Perez, Marcus Gustavsson, Andreas Cervenka, Sweden, Simon Johnson, Johan Ahlander, Greta Rosen Fondahn, Chiara Elisei, John O'Donnell, Hugh Lawson Organizations: International Monetary Fund, GOVT, Sweden's, Financial, Reuters, SBB, Danske Bank, Thomson Locations: STOCKHOLM, Nordic, Stockholm, Berlin, Sweden, Heimstaden, Germany, Gdansk, London
The indictment comes after Biden's plea deal with the feds related to two tax charges fell through in late July. AdvertisementAdvertisementThe indictment comes after Biden's plea deal with federal prosecutors on misdemeanor tax charges fell apart in court in late July. AdvertisementAdvertisementProsecutors previously signaled they would bring the gun and tax charges against Biden through the ordinary process, with a grand jury. While Thursday's indictment includes three gun charges, it does not include the tax charges. A plea deal with no time behind bars was an unusually good bargain, he said.
Persons: Hunter Biden, Biden's, Biden, Joe Biden's, , Neama Rahmani, Maryellen Noreika, Prosecutors, David Weiss, Donald Trump, Trump, Noreika, Leo Wise, Wise, Rahmani, that's, it's, concocting, Demetrius Freeman, James Comer, Joe Biden, Comer, Kevin McCarthy, impeaching Biden, Weiss, Hunter Biden's, didn't Organizations: Service, Biden —, Republicans, West, Trial, Washington, Getty Images Republican, FBI Locations: Wall, Silicon, Delaware
GENEVA (AP) — Voters in a southern Swiss region on Sunday rejected a plan to allow large solar parks on their sun-baked Alpine mountainsides as part of the federal government’s push to develop renewable energy sources. The rejection doesn't torpedo solar parks entirely if the private sector wants to develop them. At stake is up to 60% of financing for big solar parks. The federal energy department estimates that about 40 to 50 proposals for large solar parks have been made across the country. Overall, Swiss federal authorities have set a target of 2 billion GWh in new solar energy under legislation promoting development of solar energy, adopted in September 2022.
Persons: Organizations: GENEVA, — Voters, Swiss People's Party Locations: Swiss, Valais, Switzerland, Bern Oberland
Flexport's CEO Ryan Petersen said on X that it's rescinding dozens of job offers. Recruiters point out that rescinding job offers is not uncommon – and not illegal. Roman later told Insider that Flexport's decision might also set a new precedent for how people think about job offers. He also noted that rescinded offers have been among the "most challenging" situations he's had to deal with in his professional life. In June 2022, cryptocurrency platform Coinbase rescinded job offers via mass emails — a decision that at least one recipient denounced as "unprofessional."
Persons: Ryan Petersen, Nick Roman, Roman, I'm, Olivier, Schreiber, Philipp Slappnig, he's, Petersen, Flexport, we've, shakeup, Dave Clark, Clark, Flexport's Organizations: Service, LinkedIn, Amazon Locations: Wall, Silicon
Afterward the summit, Biden and Vietnamese General Secretary Nguyen Phu Trong will meet in Hanoi and are expected to announce plans to tighten economic cooperation. The Chinese economy is weighed down by a property bubble, local government debt, high youth unemployment and a broader inability to rebound as expected from pandemic lockdowns. But so far this year, the U.S. economy has outperformed expectations as the Chinese economy has underperformed. Still, China’s economic challenges could create more geopolitical risk as economics can often inform national security strategies. At an August fundraiser in Utah, Biden called China's economy a “ticking time bomb.”“When bad folks have problems, they do bad things,” the president said.
Persons: Joe Biden, Biden, Xi Jinping, Li Qiang, Nguyen Phu Trong, , Colleen Cottle, Gina Raimondo, Raimondo, ” Raimondo, ” Biden, Xi, Kamala Harris, Jake Sullivan, ” Sullivan, Yun Sun, Narendra Modi, Modi, Tracy Brown Organizations: WASHINGTON, Group, World Bank, International Monetary Fund, Biden, South China, White, Associated Press, U.S, Association of Southeast Asian Nations, White House, IMF, Stimson, Indian Locations: India, Vietnam, United States, China, White, New Delhi, Hanoi, Malaysia, Philippines, Taiwan, Brunei, South, Washington, U.S, Beijing, Jakarta, Indonesia, The U.S, Pakistan, Kenya, Zambia, Laos, Mongolia, Utah, Ukraine
I lost my first acquisition offer, got married, almost lost another offer, persuaded the buyer to stick with it, and finally sold my first business. With my experience as a guide, I hope you can avoid these common acquisition mistakes and secure a better outcome. The private equity firm that acquired my first startup, Bizness Apps, asked for dozens of spreadsheets during due diligence. AdvertisementAdvertisementA broker would market my startup and connect me with potential buyers in return for a cut of the purchase price. Even in the closing stages, I continued selling my business and fostering a relationship with my buyer.
Persons: Andrew Gazdecki, might've, I'd, we'd, Bizness, I'm, you'll, you've, doesn't, could've, Weeks Organizations: Service, Apple, Google, Facebook, Adobe Locations: Wall, Silicon
Here are the seven smartest ways to invest in Chinese markets, according to UBS. Stimulus should keep Chinese stocks from sinkingHowever, UBS believes that plenty of pain has already been priced into Chinese stocks. Naturally, China's property market turmoil has inspired comparisons to the US housing market bubble that led to the global financial crisis, but Yu is confident that such fears are overblown. "The government has the toolkit to minimize the risk of having something that is systematically disastrous in the financial markets," Yu said. If China's growth exceeds expectations, companies in the consumer discretionary and materials sectors will be among the biggest beneficiaries, according to UBS.
Persons: David Kelly, Xingchen Yu, Solita Marcelli, Yu, there's Organizations: US, UBS, Asset Management Locations: China, Shanghai, People's Republic, Swiss, Beijing, Taiwan
Startup Bindery, which has raised $1.3 million, lets creators start their own publishing imprints. Here's what the company is pitching to authors and creators, and what it will look like. A new startup, Bindery, wants to leverage the power of BookTok to let creators become publishers. With Bindery, Kaye wants to cater to authors who don't often get recognized in traditional publishing, and who don't have the social-media audience or the time to consider self-publishing. Thorne spoke with Kaye, and asked him the questions she and other authors had about rights protections for authors.
Persons: TikTok, Matt Kaye, influencer Jaysen Headley, YouTuber Ali Goodwin, Kathryn Budig, Jack Conte, Kaye, Meg Harvey, Bindery, tastemakers, they'll, Rebecca Thorne, Thorne
How Do I Get Rid of Toenail Fungus?
  + stars: | 2023-09-05 | by ( Caroline Hopkins | ) www.nytimes.com   time to read: +1 min
Q: It looks like I have fungus beneath my toenail, but how can I be sure? Does toenail fungus go away on its own? Experts say these infections don’t go away on their own and can easily spread from person to person without treatment. “Fungus tends to be greedy,” said Dr. Boni Elewski, chair of the department of dermatology at the University of Alabama at Birmingham. Toenail fungus affects an estimated one in 10 people worldwide, and becomes more common with age — afflicting more than half of those ages 70 and up.
Persons: , Boni Elewski, , Shari Lipner Organizations: University of Alabama, Weill Cornell Medical Center Locations: Birmingham, New York City
We visited four Subway in Southern California to figure out how Roark can fix the brand. So I visited four Subway stores near my Southern California home. It is one of hundreds of Subway stores that have been remodeled over the years. In 2021, The New York Times conducted its lab test and published a report stating that it found no tuna DNA in Subway tuna sandwiches. I ordered the tuna sandwich at a Subway in Santa Ana, California, an aging stand-alone store in a former adobe-style Taco Bell building.
Persons: Roark, Dunkin, Fred DeLuca, Jared Fogle, It's, haven't, Nancy Luna, Burger King, , Tim Powell, Powell Organizations: Roark Capital, Buffalo Wild Wings, Service, Subway, Royce, Owners, The New York Times, Chapman University Locations: Southern California, Wall, Silicon, Jersey, North America, Miami, Orange , California, Santa Ana , California, Orange
Blister Your Vegetables
  + stars: | 2023-08-24 | by ( Tanya Sichynsky | ) www.nytimes.com   time to read: +1 min
Auspiciously, we were seated right away, and we ordered a round of beers and some edamame. Overcome by the sort of silliness a spontaneous summer day affords you, our table soon descended into an all-consuming giggle pit. Between fits of laughter and played-out bits, we came up for air only to snack on the warm pods, which arrived unexpectedly blistered by a grill, rather than blanched or steamed. The pleasantly smoky exteriors yielded to beans that had retained some of those fire-kissed flavors. There’s a certain bliss to blistered vegetables.
Locations: Prospect, Yorker
Opinion | The Great Wheat Price Surge That Sputtered
  + stars: | 2023-08-21 | by ( Peter Coy | ) www.nytimes.com   time to read: +2 min
I share Ghosh’s concern for the impact of high wheat prices on the poor, but the story is more complicated than greedy speculators versus needy consumers. For one thing, consider this statistic: While speculators were betting on higher wheat prices in the spring of 2022, they’re betting on lower prices now. Managed funds have had a net short position in wheat futures contracts since July 2022, according to data compiled by the Commodity Futures Trading Commission. That undermines the narrative that they invariably root for higher prices. Ghosh told me that there was no justification for prices to spike in the spring of 2022 because the market was well supplied with wheat.
Persons: Ghosh, , Vladimir Putin, it’s, ” Scott Irwin, Seth Meyer, Organizations: Commodity Futures Trading Commission, University of Illinois, U.S . Department of Agriculture Locations: Russia, Urbana, Champaign, Ukraine
Chef's Table at Brooklyn Fare, the iconic three-Michelin-star tasting restaurant by chef César Ramirez, quietly ceased operations in July. Chef's Table at Brooklyn Fare is one of New York's most hallowed culinary institutions. A former employee at Chef's Table at Brooklyn FareBut beneath the restaurant's pristine stainless-steel surface, chaos was brewing. By 2011, Chef's Table had become one of only 138 restaurants worldwide to boast three Michelin stars. This year, Chef's Table at Brooklyn Fare was the highest-ranked US restaurant on the 2023 World's 50 Best Restaurants' list.
Persons: César Ramirez, hasn't, Ramirez, Moneer, Moe, Issa, I'd, Ramirez's, Conti, David Bouley's, Le Bernardin, Per, Chef César Ramirez, Jamie McCarthy, WireImage, Joshua David Stein, Grub, Ramirez freaked, he'd, didn't, Pete Wells, Issa didn't, Adriana, Issa's, Heidi, , Domaine, disrespected, Spencer Platt, Cesar, Issa wouldn't, commenter Organizations: Brooklyn, Brooklyn Fare, Manhattan Fare Corp, Chef's, Pepsi, GQ, Michelin, Madison, New York Press, Guardian, Staff, New York Times, York, Madison Park Locations: Hokkaido, Los Angeles, New York, Brooklyn, Burgundy, Israeli, Hill, Mexican, Chicago, West, Madison, Masa, Kaluga Queen, Russia, Asia, Kings County, Clinton Hill, Taiwan, York
For inspiration, I looked at the people I knew who lived rich lives, like my childhood basketball coaches. Now, I'm a self-made millionaire with 366 units in my property portfolio. I run my own business and coach basketball in my spare time. But they understood that time was their most precious commodity, and they wanted to spend it coaching basketball. They taught me that real wealth is about devoting your time to things that really matters to you.
Organizations: NBA Locations: Atlanta, New York City
We combed through them for the most helpful advice to get our money lives under control. “And so many of you are left believing that you’re crazy, or stupid, or just bad with money. It wants to consume, whereas the future self wants the present self to save ...“So what can we do about this? Maybe the reason money doesn’t make us happy is that we’re always spending on the wrong things – in particular, always spending it on ourselves. If you think money can’t buy happiness, you’re not spending it right.”Editing by Lauren Young and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.
Persons: Simon Sinek’s “, TAMMY LALLY, , ” DANIEL GOLDSTEIN, TEDSALON, Derek Parfit, ” ESTELLE GIBSON, TEDxDayton, ” ELISE PAYZAN, , couldn’t, ” MICHAEL NORTON, we’re, you’re, Lauren Young, Stephen Coates Organizations: TED, Thomson Locations: TEDXORLANDO, TEDSALON NY, TEDXCAMBRIDGE
Another Gallup poll from 2019 similarly found 77% of people believed moral values in the US were getting worse. Interestingly, survey data also suggested people believed the moral decline began around the time of their birth, regardless of when they were born. At the same time, Mastroianni said the survey data suggests there hasn't actually been moral decline — just a consistent perception of it. Rather than morality declining, there's actually some evidence to suggest that people have higher morals than in the past. Another potential explanation for the illusion of morality decline could simply be the number of people in the world interacting is increasing.
Persons: Adam Mastroianni, Mastroianni, hasn't, I've, gdL8aM5Jrd — Adam Mastroianni, there's, SarhSipHQv — Adam Mastroianni Organizations: Service, Gallup, US, Federal Aviation Administration Locations: Wall, Silicon
We're selling 200 shares of Halliburton (HAL) at roughly $40.64 each Following Wednesday's trade, Jim Cramer's Charitable Trust will own 1,400 shares of HAL, decreasing its weighting to 1.97% from 2.24%. HAL YTD mountain Halliburton YTD performance Supporting the energy trade of late has been the impressive recovery in oil and natural gas . The recent move in HAL and our energy stocks has us feeling a little greedy about our three positions, which also at one point this year were in the red. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. A Halliburton oil well fielder works on a well head at a fracking rig site January 27, 2016 near Stillwater, Oklahoma.
Persons: Jim Cramer's, Halliburton, We'll, Jim Cramer, Jim, Pat Carter Organizations: Halliburton, HAL, Technology, West Texas, Coterra, Natural Resources, CNBC, Getty Locations: Stillwater , Oklahoma
Here are five investments VanCronkhite loves now with market volatility likely to rise in late 2023. According to fund manager Bryant VanCronkhite, many investors make a common mistake when building portfolios: overlooking mid-sized stocks. After all, he's co-managed the $12.8 billion Allspring Special Mid Cap Value Fund (WFPAX) since early 2009 and has crushed his competitors in that span. Investors with the exact same priorities will likely target similar stocks and end up with average returns, VanCronkhite noted. 5 top stocks to buy as market volatility spikesAn outstanding rally for US stocks so far this year could get choppy in the coming months, VanCronkhite warned.
Persons: Bryant VanCronkhite, he's, Morningstar, VanCronkhite, James Tringas, they're suboptimal, VanCronkhite isn't, we're Organizations: Value, Value Fund
Of course, that nickname started with his mother, who called her middle son by his initials, he said in an interview before the UPS deal was announced. O'Brien had warned UPS ahead of the deal not to "go down the road of being greedy, being more loyal to Wall Street than Main Street." O'Brien crisscrossed the country in the weeks ahead of a threatened UPS strike on Aug. 1, fortifying Teamster members' resolve with "practice" pickets and profanity-punctuated speeches. Nelson cheered on O'Brien after the UPS deal in a statement, calling the right to strike the "only countervailing force to capitalism that is otherwise unchecked ... UPS workers have until Aug. 22 to vote on the tentative deal.
Persons: Sean O'Brien, O'Brien, Steven Tolman, John Logan, Shawn Fain, Sara Nelson, Nelson, ROLLBACKS O'Brien, Steve Striffler, We've, Lisa Baertlein, Ben Klayman, Matthew Lewis Organizations: Teamsters, International Brotherhood of Teamsters, United Parcel Service, UPS, Workers, Unions, San Francisco State University, United Auto Workers, of Flight, Boston Local, company, University of Massachusetts, Boston Labor Resource Center, Thomson Locations: ANGELES, U.S, Massachusetts, Los Angeles
BeondAbout three dozen airlines currently offer service to Velana International Airport, the Maldives’ main airport near the capital island Malé. “The Maldives is one of those markets that can fill an aircraft, even a mostly economy class cabin,” says Feuerherd. However all-business class airlines have used narrow-bodies before. There are no direct flights from Delhi, but carriers including Air India have business class seats from around $750 with a single connection. “There probably is a niche to carve out of premium travelers who want more of a private jet experience, but maybe don’t have the private jet budget.”
Persons: CNN —, , , Sascha Feuerherd, , Beond, “ We’re, they’d, Arabesque, coy, Feuerherd, it’s, Matteo Colombo, Rob Morris, ” Mike Stengel Organizations: CNN, Ferrari, Airbus, Velana International, Emirates, Qatar Airways, Turkish Airlines, Beond, Perth, Boeing, La Compagnie, British Airways, Etihad, Oman Air, Air India, Locations: Maldives, India, , Malé, Dubai, Delhi, Germany, Frankfurt, Munich, Asia, UAE, Maldivian, Europe, Japan, South Korea, China, Australia, South Africa, Cape Town, La, French, Paris, New York, London, Oman, Emirates, Cirium, – Dubai, Qatar
The actors' union said on Thursday its board had unanimously agreed to a strike after failing to reach a deal with studios, including Walt Disney Co (DIS.N) and Netflix Inc (NFLX.O). Officials said actors would join picket lines in New York and Los Angeles starting on Friday. The economic damage is expected to spread after actors join the picket lines. The actors' walkout will shut down the studios' remaining U.S.-based productions of film and scripted television and hamper many overseas shoots. Britain's main entertainment industry union Equity said it backed its U.S. counterpart and would be bringing up many of the same issues in its own contract negotiations over the next 12 months.
Persons: Fran Drescher, Duncan Crabtree, Drescher, Rather, AFTRA, Paul Fleming, Lisa Richwine, Marie, Louise Gumuchian, Diane Craft, Andrew Heavens, Barbara Lewis Organizations: SAG, Alliance, Television Producers, Studios, Britain's Equity, Hollywood, Writers Guild of America, Walt Disney Co, Netflix Inc, Los Angeles, Equity, U.S ., Reuters, Thomson Locations: Hollywood's, New York, Los, California, Britain, London
Restaurants are in an uproar over a 99-cent fee that Toast has begun charging online customers. Instead, you might have to fault the restaurant's digital ordering tech provider, Toast. Toast, which works with 85,000 restaurants in the US, is charging consumers a 99-cent fee for online orders over $10. "If that's a $10 order, that's a 10% increase. That's a big whack of an increase if you ask me," Orsbourn said recently in his podcast, "The Digital Restaurant."
Persons: Toast, Grant Austin, Freddy J's, Baglesbyjarre, Tony Naser, Gil Brucken, Will Toast, Carl Orsbourn, Orsbourn Organizations: Service, Fox Business, Twitter Locations: Wall, Silicon, Jersey, Massachusetts
House Republicans want to give themselves pay rises of at least $8,000, Roll Call reported. The push came after they negotiated cuts to three federal programs for low-income people. Spending plans approved by the Republican-controlled House Appropriations Committee last month include lawmakers getting a 4.6% pay increase in 2024, Roll Call reported, citing the Congressional Research Service. The report comes after GOP leaders negotiated a debt-ceiling agreement with President Joe Biden that curtails federal programs for people on low incomes, imposing new work requirements to get help. "House Republicans are moving to give themselves a raise while taking an ax to education, health, and other essential programs that help grow the economy by growing the middle class."
Persons: Mark Amodei, Amodei, Joe Biden, Angie Craig of, Colin Seeberger, Seeberger Organizations: Service, Republicans, Republican, Congressional Research Service, Senate, GOP, Assistance, Center for American Locations: Wall, Silicon, Nevada, Angie Craig of Minnesota
Fran Drescher with SAG-AFTRA members at a SAG-AFTRA news conference today. If we don’t stand tall right now, we are all going to be in trouble," she said at Thursday's press conference. Drescher said she started negotiations thinking a strike could be avoided, and was shocked by what she said was the corporate greed of management's proposals. And she concluded the press conference saying she expects the general public will support the actors in the strike, and issuing a warning that foretold what could happen if they don't win. "If we let this happen to us, dollars to donuts it going to happen to you and your family, your children and everyone you work with too.
Persons: Fran Drescher, Drescher Organizations: SAG, CNN SAG Locations: Southern California
Hollywood actors are officially headed to the picket line. Unable to reach a deal with producers, members of The Screen Actors Guild - American Federation of Television and Radio Artists will join up with more than 11,000 already striking film and television writers starting at midnight. The failed negotiations with the Alliance of Motion Picture and Television Producers means film and television productions featuring actors will immediately halt, essentially shutting down Hollywood. "We are the victims here," said Fran Drescher, president of the actors union, during a press conference Thursday. During the strike actors will not be permitted to promote past projects through conventions, interviews or panels.
Persons: It'll, Fran Drescher, Oppenheimer, Christopher Nolan, Drescher Organizations: Guild of America, Netflix, Alliance, Producers, Hollywood, American Federation of Television, Radio Artists, Television Producers, SAG, Fox, WGA Locations: Los Angeles , California, U.S, Hollywood, London
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