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That's good news for struggling consumers, but doesn't tell the whole story of how much more Americans are spending due to rising prices. In that time, the cost of essentials like groceries, utilities and gas increased by 20% or more. The cost of groceries is up by almost 20%Since April 2021, the cost of food prepared at home has risen by almost 20%. Margarine prices increased by 54%, largely due to the war in Ukraine, which is the world's No. Relatedly, milk and bread production have also been affected by the conflict in Ukraine, with prices rising 19% and 21%, respectively.

☆ Group of Nanoco shareholders ask top bosses to step down over Samsung settlement
▼ + stars: | 2023-03-27 | by ( ) www.reuters.com time to read: +1 min

March 27 (Reuters) - A group of shareholders of Nanoco Group Plc (NANON.L) have asked two top bosses to step down after alleging that the company gave misleading information related to settlement prospects in a litigation with Samsung Electronics Co (005930.KS). In February, Samsung Electronics had agreed to pay $150 million to Nanoco to settle patent lawsuits over technology used in Samsung's LED televisions. "Nanoco had settled on terms substantially less favourable than its prior statements had led shareholders to believe, and on less favourable terms than our clients understand had been previously offered by Samsung," the shareholder letter stated. The shareholders have identified the replacements for the CEO and CFO, the letter stated. Reporting by Radhika Anilkumar in Bengaluru; Editing by Nivedita Bhattacharjee and Varun H KOur Standards: The Thomson Reuters Trust Principles.

The rules would apply to fridges, vacuum cleaners, televisions, washing machines and other goods that are deemed "repairable" under EU law. The EU is negotiating rules that would extend the requirement to smartphones and tablets. Under the EU rules, companies would have to repair a defective product for free within the two-year legal guarantee period, if the cost of repair is cheaper or equal to replacing the product. After that date, companies must still offer repairs, either for free or for a charge. A second law, proposed by Brussels on Wednesday, would force companies to verify claims that their products are "green" or "eco-friendly".

☆ BBC soccer commentator Lineker returns after suspension for criticising government
▼ + stars: | 2023-03-18 | by ( ) www.reuters.com time to read: +2 min

LONDON, March 18 (Reuters) - Former England football captain Gary Lineker returned to host the BBC's flagship soccer show on Saturday, a week after his suspension for criticising government immigration policy caused a row over the broadcaster's impartiality rules. loadingBBC managers reversed their decision to suspend Lineker, the broadcaster's highest-paid presenter, after his colleagues refused to work in solidarity last weekend, forcing it to air soccer matches without normal commentary. So it's good to get back to some sort of normality and be talking about football again," Shearer said. After reinstating Lineker, the BBC said it would review how its impartiality guidelines applied to freelance presenters' use of social media. Interior minister Suella Braverman has described these arrivals as an "invasion" and is seeking to deport thousands of migrants to Rwanda.

☆ Retailers see a tough year ahead, so they're rolling out the recession playbook
▼ + stars: | 2023-03-16 | by ( Melissa Repko | ) www.cnbc.com time to read: +8 min

Now, major retailers are dusting off their playbook for a recession — or at least for a period of slower sales. Target shoppers can soon get a Starbucks coffee, make a return and retrieve an online purchases without leaving their cars. Some retailers are rethinking their approach to discounts while questioning other costs, such as giving away free shipping or deliveries without strings attached. Some retailers have also turned free shipping into a perk for only engaged or higher spending customers. Nike , for instance, offers free shipping for shoppers – if they share their personal data by joining its membership program.

Hong Kong/Seoul CNN —South Korea says it will build an enormous facility to make computer chips in the greater Seoul area, with about $230 billion in investment from memory chip giant Samsung Electronics. “We will build the world’s largest new ‘high-tech system semiconductor cluster’ in the Seoul Metropolitan area based on large-scale private investment of almost 300 trillion Korean won,” he said. An aerial view of Samsung Electronics' chip production plant at Pyeongtaek, South Korea on September 7, 2022. The vast majority of the world’s advanced microchips are made in just two places, Taiwan and South Korea. Taiwan’s industry is larger and more dominant, something South Korea is keen to challenge.

☆ Supercore inflation: Why the Fed suddenly cares about your barbershop and plumbing bills
▼ + stars: | 2023-03-13 | by ( Huileng Tan | ) www.businessinsider.com time to read: +8 min

Hence, supercore inflation equals the inflation of a basket of goods and services, minus the food and energy inflation, and minus the housing inflation. This ultra-focussed lens is what makes the set of prices in the inflation measure "supercore." supercore inflation, "may be the most important category for understanding the future evolution of core inflation," Fed Chair Jerome Powell said in November. "Traditionally, the Fed focused on core inflation because the components were deemed to be less volatile — and by extension, transitory. Not all economists think supercore inflation is all it's hyped up to beBut not all economists are convinced about the focus on supercore inflation.

☆ A look inside a $22.5 million Miami condo with insane luxury amenities
▼ + stars: | 2023-03-09 | by ( Ray Parisi | ) www.cnbc.com time to read: +12 min

Turnberry Ocean Club ResidencesInside the Sky Club's fitness center where the treadmills come with impressive views. Turnberry Ocean Club ResidencesOutdoor sunset lounge Turnberry Ocean Club ResidencesAlso up on 32nd floor is a so-called dog retreat where lucky pooches can take in the ocean views and relieve themselves. Turnberry Ocean Club Residences / Leo DiazThe kitchen includes three islands and comes equipped with custom Italian-made cabinetry and high-end German appliances. A rendering of one of the Turnberry Ocean Club Residences' beach front cabanas. Turnberry Ocean Club Residences

☆ MSG Networks to launch streaming service for Knicks, Rangers games
▼ + stars: | 2023-03-01 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

MSG Networks, James Dolan's cable-TV channels that feature local New York and New Jersey professional sports games, is launching its own streaming service. MSG Networks also said it recently launched a free, ad-supported streaming TV, or FAST, channel called MSG SportsZone, which is available nationally on Vizio televisions and the Plex streaming platform. The FAST channel features MSG Networks' programming centered around sports betting and classic games. MSG+ will only be available in the region that already carries its MSG Networks on cable-TV. MSG Networks' new streaming service will also allow fans to purchase single game streaming feeds for $9.99 per game.

☆ Biden ready to run, US first lady says
▼ + stars: | 2023-02-24 | by ( ) www.cnbc.com time to read: +5 min

President Joe Biden and First Lady Jill Biden return to the White House in Washington D.C., the United States, Aug. 8, 2022. Some of the families, Jill Biden said, had hid underground for weeks before making their escape. When it was her turn to hear a doctor say that, Jill Biden said, "it was a little harder than I thought." Jill Biden is the only first lady to continue her career in addition to her ceremonial duties, teaching writing and English to community college students. Jill Biden recalled Carter and his wife, Rosalynn, reaching out on the eve of Joe Biden's inauguration two years ago.

When a fresh quake shook the southern city again on Monday, local media reported that at least three people were killed while retrieving belongings. But because we survived, we are trying to get out whatever is left," said the 28-year-old natural gas pipe welder. Bayrakci and six relatives returned to help their brother retrieve belongings from his apartment. TELEVISIONS AND TOILET PAPERIn another Antakya neighbourhood, Kinan al-Masri hoped to retrieve some savings, passports and birth certificates from his apartment. He had hoped to retrieve some possessions before the authorities demolished the building, he said, but it was too dangerous to enter.

☆ UPS's Coyote freight brokerage lays off workers as demand falls
▼ + stars: | 2023-02-17 | by ( ) www.reuters.com time to read: +2 min

LOS ANGELES, Feb 17 (Reuters) - Coyote Logistics, United Parcel Service's (UPS.N) nonunion freight brokerage subsidiary, on Friday said it was laying off workers as rising interest rates, inflation and a resumption of pre-pandemic consumer spending patterns weaken demand for trucking services. A Feb. 16 report from transportation news provider FreightWaves said 200 jobs would be eliminated. That demand slowed when restaurant dining reopened, travel resumed and global economies started flashing recession warnings, and now those same companies are slashing jobs. UPS is also cut union jobs in its mainstay delivery service. Affected unionized workers with seniority have the option of leaving the company or taking a different role, which could mean that employees with less seniority lose their positions.

☆ TV prices sink ahead of the Super Bowl — here are the best deals
▼ + stars: | 2023-02-10 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

Nearly 200 million people will watch the Philadelphia Eagles face off against the Kansas City Chiefs in the Super Bowl on Feb. 12, which might be a good motivation to buy a brand-new television. Now, retailers like Target and Best Buy are trying to clear out last year's models in order to make room for this year's, so they are lowering prices even more, according to Julie Ramhold, consumer analyst with DealNews. Among her other top picks are a 75-inch LG 4K smart TV with built-in Alexa and Google voice assistants for $749 at Walmart and a 55-inch Sony 4K smart TV for $480 or 60-inch Samsung 4K smart TV for just $450, both at Best Buy. "We see deals on more brand names rather than those generic TVs and the deals are primarily on those larger screens," she said, such as an 85-inch Samsung 4K smart TV for $300 off at Sam's Club. Woroch recommends shopping for "open box" or certified refurbished sets for further discounts and searching for coupon codes or cash back on sites like CouponCabin.

One of the really interesting questions here – this will be fascinating – the core of linear TV is sports rights. When you look at the size and scope of the linear TV business, it's huge. Patrick T. Fallon | Afp | Getty ImagesByron Allen, Entertainment Studios founder and CEO: I think linear TV will exist for a very, very long time. Simmons: I believe Apple, out of nowhere, will start making their own awesome televisions that have Apple TV embedded in them. We are witnessing early stages of this dynamic with deals like "NFL Sunday Ticket" on YouTube and the MLS deal with Apple TV.

☆ Foxconn January sales hit record high after production restored at world’s biggest iPhone factory
▼ + stars: | 2023-02-05 | by ( Michelle Toh | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —Apple supplier Foxconn says its January monthly sales hit a record high as it bounced back from Covid-19 disruptions in China. The manufacturer attributed its performance to a strong rebound at its sprawling campus in Zhengzhou, central China. The site, which is home to the world’s biggest iPhone factory, was crippled late last year by Covid-19 restrictions and workers’ protests. The figures underscore how Foxconn’s Zhengzhou campus, also known as “iPhone city,” is roaring back to life after the massive setbacks. The headaches had led analysts to predict that Apple would likely speed up its supply chain diversification away from China.

☆ Here's how a few thousand dollars — instead of $20,000 — can make your living room better than the stadium for watching the Super Bowl
▼ + stars: | 2023-02-04 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

The least expensive Super Bowl tickets are at least $4,000, with average prices between $7,000 and $10,000. Adding the cost of air travel, a hotel, and food could bring a Super Bowl trip for two over $20,000. For those with disposable income, the Super Bowl could be a good time to upgrade your home's entertainment options. An August report provided options for dozens of couches to upgrade the comfort of your Super Bowl watching experience and your living room. SnacksStaying home provides the opportunity to cook a preferred Super Bowl snack rather than waiting in long lines and paying stadium prices.

Nanoco and Chicago-based litigation funding firm GLS Capital said in a release that the settlement, which includes a license agreement and the "transfer of certain patents," resolves litigation in the United States, Germany and China. Nanoco's quantum dots improve the backlighting of LED displays without the use of toxic heavy metals like cadmium. The Texas lawsuit said Samsung began incorporating Nanoco's technology into high-end QLED TVs launched in 2017. Third-party funding of lawsuits has becoming increasingly common in recent years, though details about specific investments are rarely publicized. The case is Nanoco Technologies Ltd v. Samsung Electronics Co, U.S. District Court for the Eastern District of Texas, No.

"We engaged in intense production adjustment in the fourth quarter," Kim Sung-hyun, CFO of LG Display said in an earnings call. It flagged investments of only about 3 trillion won this year, compared to 5.2 trillion won in 2022, and said it will conservatively maintain existing production. Shares in LG Display reversed early losses, jumping 4.1% in afternoon trade versus a 1% rise in the wider market (.KS11). It missed an average forecast of a 797 billion won loss from 10 analysts polled by Refinitiv SmartEstimate, weighted toward analysts that are more consistently accurate. A continuous decline in mid-sized panel prices and efforts to control inventory and reduce factory operations caused the loss, LG Display said.

SEOUL, Jan 27 (Reuters) - South Korean display panel maker LG Display (034220.KS) on Friday posted a record operating loss in the December quarter, as global demand for smartphones, computers and televisions remains depressed amid an uncertain economic outlook. It missed an average forecast of a 797 billion won loss from 10 analysts polled by Refinitiv SmartEstimate, which is weighted toward analysts that are more consistently accurate. Revenue fell 17% to 7.3 trillion won, LG Display said. In order to weather the downturn, LG Display said last month it is stopping production of liquid-crystal display (LCD) TV panels in South Korea. LG Display said it plans to boost its made-to-order business to increase stability in the face of uncertain market conditions, from 30% of sales currently to 50% of sales by 2024.

U.S. District Judge Rodney Gilstrap said halting the lawsuit until the Patent Trial and Appeal Board reviews the patents would unnecessarily delay the court case and prejudice Caltech. Representatives for Samsung and Caltech did not immediately respond to a request for comment. The school's 2021 lawsuit alleges Samsung's Galaxy phones, tablets, watches and Wi-Fi-enabled Samsung products like televisions and refrigerators infringe its data-transmission patents. The Texas case is scheduled to go to trial in September. The case is California Institute of Technology v. Samsung Electronics Co, U.S. District Court for the Eastern District of Texas, No.

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☆ Smartphones, used cars and bacon: 10 things with the biggest price drops in 2022, despite inflation
▼ + stars: | 2023-01-18 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

The largest declines, on a percentage basis, were concentrated in categories like consumer electronics, beef, and cars and trucks, according to the consumer price index. watch nowUsed cars and trucks, rental vehiclesA used car dealership in New York on Jan. 19, 2022. Pablo Monsalve | View Press | Corbis News | Getty ImagesPrices for used cars and trucks were among the first to spike as inflation took hold in early 2021. The category inflated by 37.3% that year — the most of any item outside of energy commodities like gasoline and fuel oil, according to the consumer price index. "Rental car companies were buying — and now completely stopped buying — used vehicles," said Mark Zandi, chief economist at Moody's Analytics.

☆ Twitter is auctioning off espresso machines and kegerators from its San Francisco headquarters
▼ + stars: | 2023-01-17 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +1 min

Elon Musk Twitter page seen on mobile with his poll to step down as head of TwitterTwitter is auctioning off espresso machines, kegerators, computers, and even oversized neon displays with the company's logo as the social messaging service reportedly has fallen behind on office rent payments. Among the numerous kitchen supplies that Twitter is selling includes a rotisserie cooker, multiple refrigerators and pizza ovens. The company is even selling a neon electrical sign that prominently displays the company's corporate bird logo. As of Monday afternoon, someone has placed a bid of $17,500 for the neon sign. In December, The New York Times reported that Twitter had stopped paying for rent in all of the company's office space.

☆ Making Art for the Age of Screens
▼ + stars: | 2023-01-13 | by ( Susan Delson | ) www.wsj.com time to read: +1 min

In 1987, artist Gretchen Bender created the installation “Total Recall,” a wall of televisions and projection screens emitting a barrage of nonstop flashing images and sound. The shift to screen life has been decades in the making, and generations of tech-savvy artists have been charting those changes. The new exhibition “I’ll Be Your Mirror: Art and the Digital Screen,” opening Feb. 12 at the Modern Art Museum of Fort Worth (MAM), features more than 70 works by 50 artists, for whom the screen is both indispensable tool and irresistible subject. These works include paintings, sculpture, videogames, augmented reality projects and more the 1960s to the present. The show is structured around themes such as connectivity, surveillance and the posthuman body, in which art and screen “intersect most dynamically,” says the show’s organizer, MAM curator Alison Hearst.

☆ The biggest announcements from CES 2023
▼ + stars: | 2023-01-09 | by ( Harry Rabinowitz | Harry Rabinowitz Is A Reporter For Select On Nbc News. | ) www.nbcnews.com time to read: +7 min

Every year, the biggest brands in tech make their way to Las Vegas for the Consumer Electronics Show, or CES. TelevisionRoku, one of the top streaming platforms for smart TVs, announced that it is releasing its own Roku-branded televisions. Now, Roku will be launching its own brand, with Roku Select and Roku Plus TVs, alongside a Roku TV Wireless Soundbar. TCL, a top smart TV brand, is rebranding and overhauling its TV lineup. Now, all of its smart TVs will fall into two groups: the higher-end Q-Series and the budget-friendly S-Series.

☆ Roku CEO explains why the company is launching its own line of TVs
▼ + stars: | 2023-01-05 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Roku is counting on its growing consumer base beyond 70 million customers as it launches its own line of televisions, CEO Anthony Wood told CNBC on Thursday. The streaming company unveiled its new line of televisions, Roku Select and Roku Plus Series, Wednesday during the Consumer Electronics Show. "Roku streaming hours were 87 billion hours of streaming last year" said Wood. All TV is going to be streamed, that means all TV advertising is going to be streamed." Shares of Roku are up more than 4% in the early going of 2023, closing at $42.76 on Thursday.

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