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☆ A year only lasts 17.5 hours on the ‘hell planet’
▼ + stars: | 2022-12-08 | by ( Ashley Strickland | ) edition.cnn.com time to read: +5 min

One year for this planet lasts about 17.5 hours on Earth. A team of researchers used a new tool known as EXPRES, or the EXtreme PREcision Spectrometer, to determine the precise nature of the planet’s orbit. But the hell planet is not the only planet orbiting Copernicus. An illustration shows just how closely the planet Janssen (left), depicted as an orange dot, orbits its host star Copernicus. Once Janssen moved in closer to Copernicus, the hell planet became even hotter.

☆ Prada hires former Luxottica chief Andrea Guerra as new CEO
▼ + stars: | 2022-12-06 | by ( Reuters Staff | ) www.reuters.com time to read: +2 min

REUTERS/Arnd Wiegmann(Reuters) -Italian fashion group Prada confirmed on Tuesday that it would name former Luxottica chief Andrea Guerra as its new chief executive officer to ease a transition at the helm to the next generation of the founding family. Current CEO Patrizio Bertelli, 76, will be appointed chairman of the luxury company at annual shareholder meeting next spring. Current co-CEO Miuccia Prada, 73, will remain creative director of the Miu Miu and Prada brands - the latter together with Belgian designer Raf Simons - and a board member. Guerra, 57, will be recommended as the new CEO at a board meeting to be held on Jan.26 by Prada Holding, which owns 80% of Prada group. As Luxottica CEO from 2004 to 2014, the manager oversaw a more than doubling in sales at the spectacles manufacturer that has been producing and distributing eyeglasses under the Prada group’s Prada and Miu Miu brands since 2003.

☆ NBA roundup: Anfernee Simons, Blazers hang on to beat Jazz
▼ + stars: | 2022-12-04 | by ( ) www.reuters.com time to read: +6 min

RJ Barrett had 13 points, as did ex-Mavericks guard Jalen Brunson. Jordan Nwora's 17 points went with 14 points apiece for Brook Lopez and Jevon Carter for the Bucks, who were without Giannis Antetokounmpo, Khris Middleton and Jrue Holiday. Jaylen Nowell scored 21 points off the bench. Admiral Schofield scored 13 points and Cole Anthony chipped in with 12. Martin chipped in with 13 points apiece and Alperen Sengun supplied 12.

☆ Investors look for clues on consumer health as holiday shopping kicks off
▼ + stars: | 2022-11-25 | by ( David Randall | ) www.reuters.com time to read: +4 min

NEW YORK, Nov 25 (Reuters) - Investors are closely watching U.S. retail stocks as a barometer of consumer confidence as inflation bites, as the most important shopping season of the year begins on Friday. That would come in below both the 13.5% jump reported last year, and the 9.3% gain in 2020. Expectations for purchasing long-lasting manufactured goods fell 21% due to high interest rates and high prices, the survey found. Shares of Walmart are up 7.5% for the month to date, while shares of Target are down 1.2%. Kohl's, meanwhile, withdrew its forecast as it faces weakening demand due to rising prices.

☆ NBA roundup: Kings hang 153 points in rout of Nets
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +4 min

The 153 points were the most scored by a Kings team since 154 against the Philadelphia 76ers in January 1993. Knicks 118, Jazz 111Jalen Brunson scored 25 points and dished out eight assists to lead New York past Utah in Salt Lake City. Trail Blazers 117, Spurs 110Jerami Grant recorded 29 points and eight rebounds to lead Portland over visiting San Antonio. Anfernee Simons scored 23 points and Damian Lillard added 22 points and 11 assists as Portland won for the 10th time in 14 games to start the season. Shaedon Sharpe scored 13 points off the bench as the Trail Blazers snapped a four-game skid against San Antonio.

☆ Jim Simons' RenTech fund virtually eliminated its $500 million Tesla stake last quarter - and slashed its Twitter bet by 90%
▼ + stars: | 2022-11-16 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Renaissance Technologies eviscerated its Tesla and Twitter stakes last quarter. Jim Simons' quant fund also slashed the value of its Twitter bet from around $94 million to below $11 million. The quantitative fund pared its Tesla position from a split-adjusted 2.2 million shares valued at $504 million at the end of June, to only 1,400 shares worth less than $400,000 at the end of September. Moreover, it cut its Twitter stake from 2.5 million shares worth $94 million at the midpoint of this year, to 248,000 shares valued around $11 million on September 30. On the other hand, it boosted its Airbnb bet by 30% to 7.3 million shares, meaning the home-rental platform jumped from its 17th-largest holding to number four on the list.

☆ U.S. captain Johnson seeks formula for rare Ryder Cup win in Europe
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +2 min

Europe's home dominance improved to six consecutive Ryder Cup victories following with their 2018 win outside Paris where twice major champion Johnson served as one of Jim Furyk's vice captains. The United States have not won a Ryder Cup on foreign soil since 1993 but from Johnson's perspective there is not much more they could have done at Le Golf National four yeas ago. "The system for Team USA is really, really good right now," said Johnson. The next Ryder Cup will be played from Sept. 29-Oct. 1, 2023 at Marco Simone Golf & Country Club in Rome, Italy. "Rome's going to be a completely different team with completely different players with completely different leadership.

☆ Carl Icahn, David Einhorn, and Dan Loeb bet big on Elon Musk ultimately buying Twitter - and likely raked in profits when the deal closed
▼ + stars: | 2022-11-15 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Carl Icahn, Dan Loeb, and David Einhorn built sizeable stakes in Twitter last quarter. Icahn and his team amassed 12.5 million Twitter shares, valued at $549 million on September 30. Similarly, Einhorn's Greenlight Capital scooped up 4.3 million shares, worth $188 million at the end of last quarter. It snapped up 5.5 million shares worth $241 million on September 30. It also purchased bullish call options on 34,000 shares, and bearish put options on 1.1 million shares.

☆ NBA roundup: Jimmy Butler lifts Heat past Hornets in OT
▼ + stars: | 2022-11-11 | by ( ) www.reuters.com time to read: +2 min

[1/5] Nov 10, 2022; Miami, Florida, USA; Miami Heat forward Jimmy Butler (22) reacts after making a shot against the Charlotte Hornets during the second half at FTX Arena. Mandatory Credit: Jasen Vinlove-USA TODAY SportsNovember 11 - Jimmy Butler posted 35 points, 10 rebounds and eight assists to lead the host Miami Heat to a 117-112 overtime win over the Charlotte Hornets on Thursday night. Butler also made 13 of 15 free throws, including going 1-for-1 in an overtime period that saw the Heat go 9-for-9 from the line. The Hornets, who have lost seven straight games, were led by Kelly Oubre's season-high 29 points on 11-for-20 shooting, including 7-for-13 on 3-pointers. Luka Doncic recorded 22 points, nine rebounds and six assists for the Mavericks, who have lost two in a row.

☆ NBA roundup: Bucks, minus Giannis, top Thunder in 2 OTs
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +9 min

Tre Mann added 21 points off the bench. Jaylen Brown scored 30 points, reserve Sam Hauser had 24 on six 3-pointers and Al Horford added 13 for Boston. Anunoby added 27 points, 10 rebounds and three steals for the Raptors, who played without forward Pascal Siakam (groin). Bennedict Mathruin scored 30 points, Tyrese Haliburton had 21 points and 11 assists for the Pacers, who had won four of their previous five games. All five Hornets starters reached double figures in points, led by Terry Rozier with 18 in the team's sixth consecutive loss.

☆ October CPI expected to show inflation still ran hot even as some goods prices cooled
▼ + stars: | 2022-11-09 | by ( Patti Domm | In | ) www.cnbc.com time to read: +4 min

Excluding food and energy, core CPI is expected to have risen by 0.5%, or 6.5% on an annual basis. Consumer inflation may have come down slightly in October as goods prices declined, but prices for services and rents are expected to continue to climb. Simons expects core CPI rose 0.4% and that, within that, goods prices declined 0.2% while services rose 0.6% . The CPI report is widely expected to show that used car prices are falling, but rents and shelter continued to rise. "Some of it is coming from goods prices because there's a slowing in demand as we've seen in consumer spending recently," she said.

☆ Factbox: How Wall St and billionaires have donated to U.S. elections
▼ + stars: | 2022-11-08 | by ( John Mccrank | ) www.reuters.com time to read: +4 min

Prior to the U.S. Supreme Court's 2010 Citizens United ruling, which struck down limits on political contributions by corporations or unions, political contributions of billionaires made up around 3% of overall political contributions, she said. Griffin said in a statement: "I hope that my political engagement will help to protect the American Dream. * Crypto-billionaire Sam Bankman-Fried of FTX was the sixth-largest donor, at $39.8 million with the vast majority going to help Democrats. * Elliott Management founder Paul Singer spent $19.7 million to support Republicans, making him the 15th-largest donor. * Renaissance Technologies founder Jim Simons, together with Marilyn Simons, were the 20th-largest donors, spending nearly $16 million to help Democrats.

☆ NBA roundup: Dejounte Murray, Hawks hand Bucks first loss
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: +11 min

Murray added eight rebounds and three steals for the Hawks, who lost 123-115 at Milwaukee on Oct. 29. Jerami Grant finished with 23 points and Lillard had 19 points and six assists. Cade Cunningham supplied 21 points, 11 rebounds and seven assists for the Pistons. Jaden Ivey had 15 points, 11 rebounds and six assists, and Isaiah Stewart added 11 points with 12 rebounds. Mike Muscala and Kenrich Williams scored 11 points apiece.

☆ NBA roundup: Celtics set team record with 27 treys
▼ + stars: | 2022-11-06 | by ( ) www.reuters.com time to read: +7 min

Every Celtics player who took the court Saturday hit at least one 3-pointer, and they went 27-for-51 on treys. The 27 3-pointers were two more than the previous team record, set against the Philadelphia 76ers on Feb. 15, and two shy of the NBA record, set by the Milwaukee Bucks against the Miami Heat on Dec. 29, 2020. Brown finished with 30 points and Tatum had 26 as the Celtics won both ends of a back-to-back set. Julius Randle scored 29 points and RJ Barrett had 27 for the Knicks, who were also trying to win on back-to-back nights. Terry Rozier scored 25 points and Kelly Oubre Jr. added 18 for the Hornets.

☆ NBA roundup: Short-handed Warriors cap 0-5 trip
▼ + stars: | 2022-11-05 | by ( ) www.reuters.com time to read: +9 min

Jusuf Nurkic recorded 14 points and eight rebounds, and Justise Winslow had 12 points, nine rebounds and nine assists. Nic Claxton recorded 18 points and nine rebounds while Cam Thomas contributed 17 points and six assists off the bench. Anthony Edwards led Minnesota with 24 points, while Karl-Anthony Towns had 22 points, 11 rebounds and five assists. RJ Barrett finished with 22 points and nine rebounds while Cam Reddish added 11 points off the bench. Kelly Oubre Jr. led the Hornets with 17 points, while James Bouknight had a season-high 14 points.

☆ Dollar drops as U.S. nonfarm payrolls show mixed results
▼ + stars: | 2022-11-04 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +4 min

U.S. nonfarm payrolls increased 261,000 last month, data showed on Friday. However, the unemployment rate rose to 3.7% from September's 3.5%. The odds of a 75-basis-point rise went as high as 64% immediately after the payrolls data. Despite the strong jobs data, Fed officials on Friday said a smaller rate increase is still on the table for the December policy meeting. read moreThe dollar fell 1.1% against the yen to 146.65 yen , posting losses for a third straight week.

☆ Dollar tumbles as U.S. nonfarm payrolls show mixed picture
▼ + stars: | 2022-11-04 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +4 min

U.S. nonfarm payrolls increased 261,000 last month, data showed on Friday. Data for September was revised higher to show 315,000 jobs added instead of 263,000 as previously reported. However, the unemployment rate rose to 3.7% from September's 3.5%. Despite the strong jobs data, Fed officials on Friday said a smaller rate increase is still on the table for the December policy meeting. read moreThe dollar fell 0.8% against the yen to 147.06 yen , while the euro rose 1.7% to $0.9920 .

☆ October job growth could be slowest in nearly 2 years, but unemployment remains extremely low
▼ + stars: | 2022-11-02 | by ( Patti Domm | In | ) www.cnbc.com time to read: +4 min

Economists expect 205,000 jobs were added in October, and forecast the unemployment rate stayed at 3.5%, according to Dow Jones. That compares to job growth of 263,000 in September. Job squeeze seen, but not yetEconomists expect rate hikes will eventually slow the economy enough to crimp the job market. He expects 170,000 jobs were added, which would be the slowest job growth since there was an actual contraction in payrolls in December 2020. "We added 3.8 million jobs year-to-date, and it's the second strongest annual number since 1984," she said.

Yields on U.S. Treasury bonds rose after the release of the data, as did bets that the Fed may raise its target policy rate higher than anticipated. DIFFICULT TO PIVOTThe job openings data "will make it very difficult for the Fed to pivot" towards a slower pace of rate hikes, as many have expected, Jefferies economists Aneta Markowska and Thomas Simons wrote. Quits are seen as a sign of labor market strength, evidence that people either have a more attractive option in front of them or are confident of finding one. Balanced against the strength of the labor market is evidence that a slowing of inflation may be in the pipeline. Reuters Graphics Reuters GraphicsThe jump in job openings "is another example of data 'not cooperating' with the Fed's desire to slow the pace of rate hikes," Citi analysts wrote.

☆ Carlyle's David Rubenstein on how to invest now
▼ + stars: | 2022-10-31 | by ( Chris Taylor | ) www.reuters.com time to read: +5 min

It may have been drawn up under England's King John, but these days it belongs to David M. Rubenstein. To learn how Rubenstein amassed those kind of resources, look no further than his new book, “How To Invest: Masters on the Craft." At that time, there was not a whole lot of investing going on, with his father working a blue-collar existence for the Post Office, living paycheck-to-paycheck. Nevertheless, Rubenstein seems to have done alright, with a net worth currently estimated by Forbes at $3.2 billion. RUBENSTEIN'S ADVICE TO INVESTORS BIG AND SMALLWhen it comes to philanthropy, Rubenstein takes a surprisingly hands-on approach – no foundation, no staff, just him.

☆ NBA roundup: Sixers down Pacers for first win
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: +6 min

Joel Embiid added 26 points and three blocked shots and Tobias Harris scored 18 points for the Sixers, who had dropped their first three contests. Tyrese Haliburton led the Pacers with 19 points and 10 assists and Buddy Hield scored 18 points. Aaron Gordon scored 26 points on 12-of-16 shooting for the Nuggets, who have split their first four games. Porter paired 26 points with 10 rebounds, while Green added 25 points on 9-of-16 shooting. D'Angelo Russell added 25 points and seven assists, Jaylen Nowell scored 13 points and Rudy Gobert contributed 11 points and seven boards.

☆ Grizzlies vs Nets: Ja Morant takes flight and scores 38 in Memphis win over Brooklyn
▼ + stars: | 2022-10-25 | by ( Issy Ronald | ) edition.cnn.com time to read: +3 min

CNN —Ja Morant led the way on Wednesday for the Memphis Grizzlies with 38 points, eight rebounds and seven assists in a 134-124 win over the Brooklyn Nets. Even his opponents praised the Memphis guard’s performance after the game with Nets star forward Kevin Durant saying that Morant is “doing some stuff that we’ve never seen before.”“He’s a unique player,” Durant added, according to ESPN. Although Durant and Kyrie Irving each scored 37 points for the Nets and Brooklyn shot 54% from the field, the Grizzlies outscored the visitors 48-27 from three-point range. The Nets launched a mini-comeback to come within seven of Memphis, but a huge 33-foot triple from Morant with 51 seconds remaining took the Grizzlies lead to 10 and locked up the win. Tonight, I thought was his best game at doing both at a high level.”The win takes the Grizzlies to 3-1 on the season, while the Nets fall to 1-2.

☆ The economy may be in better shape than you think...for now
▼ + stars: | 2022-10-23 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +7 min

The consensus forecast from economists surveyed by Reuters is that GDP grew at an annualized pace of 2.1% in the third quarter. (This will be the first estimate for third-quarter GDP, and there will be several revisions in the coming weeks.) That also means the Fed will likely continue to sharply raise interest rates to finally choke off inflation once and for all. Those rate hikes helped cause a so-called double-dip recession, where the economy suffered two downturns between 1980 and 1982. In other words, the much-hoped-for “soft landing” for the economy could turn out to be a pipe dream.

☆ NBA roundup: Ja Morant guides Grizzlies over Rockets
▼ + stars: | 2022-10-22 | by ( ) www.reuters.com time to read: +7 min

Alperen Sengun produced a double-double of 23 points and 12 rebounds off the bench. Nuggets 128, Warriors 123Nikola Jokic scored 26 points as part of a triple-double and Denver held on for a win over Golden State in San Francisco. After Simons' basket, Ayton was fouled with 1.2 seconds left but missed the first free throw. Gordon Hayward posted 26 points and Terry Rozier poured in 23 points for the Hornets. Haliburton led the Pacers with 27 points and 12 assists, with Mathurin adding 26 points.

☆ Dutch name preliminary World Cup squad list
▼ + stars: | 2022-10-21 | by ( ) www.reuters.com time to read: +2 min

AMSTERDAM, Oct 21 (Reuters) - Netherlands coach Louis van Gaal on Friday sprung some surprises as he named a 39-man preliminary squad for the World Cup in Qatar next month. Mitchel Bakker, Xavi Simons and Micky van de Ven were named for the first time while uncapped Sven Botman, Jeremie Frimpong and Pascal Struijk, who have received previous call-ups, were also included in a list dominated by nine players from Dutch champions Ajax Amsterdam. All World Cup-bound teams are required to select between 35 and 55 players in a preliminary list by Friday and it is from this list that they must make the final selection of 26 by 1800 GMT on Nov. 14. Register now for FREE unlimited access to Reuters.com RegisterThe Dutch compete at the World Cup in Group A and start the tournament on Nov. 21 with a match against Senegal, followed by Ecuador and Qatar in the first round. Register now for FREE unlimited access to Reuters.com RegisterWriting by Mark Gleeson in Cape TownOur Standards: The Thomson Reuters Trust Principles.

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