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☆ This tech stock can rally 25% as PC market bottoms, Morgan Stanley says
▼ + stars: | 2023-05-02 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Morgan Stanley thinks the personal computer market has likely bottomed and has pegged Dell Technologies as big beneficiary. The firm upgraded shares of the tech and PC company to overweight from equal weight. "We believe the PC market is forming a bottom, and we want to own Dell for the cyclical PC market rebound," analyst Erik Woodring said, noting that the first quarter likely marked the worst of the PC downturn. "Looking at prior PC downcycles, (2011-2013), DELL's stock bottomed one quarter ahead of the PC market bottom. Given we model PC market Y/Y declines bottoming in 1Q23, we believe the trough in DELL's stock could already be behind us," Woodring said.

☆ Lawmakers update Kids Online Safety Act to address potential harms, but fail to appease some activists, industry groups
▼ + stars: | 2023-05-02 | by ( Lauren Feiner | ) www.cnbc.com time to read: +8 min

Late last year, dozens of civil society groups warned Congress against passing the bill, warning it could further endanger young internet users in different ways. Blumenthal's office said it did not believe the duty of care would have applied to those sorts of groups, but opted to clarify it regardless. Moreover, parental guidance in minors' online lives is critical, but KOSA would mandate surveillance tools without regard to minors' home situations or safety. The bill also faced criticism from several groups that receive funding from the tech industry. "Protecting young people online is a broadly shared goal.

☆ The Digital Fragments We Leave Behind After Death
▼ + stars: | 2023-05-02 | by ( Hanna Ingber | Leo Dominguez | ) www.nytimes.com time to read: +1 min

Then I stumbled upon a video of him riding his bike to our local Y.M.C.A. I had two prior marriages that were not the best, so meeting Jeff was like meeting my soulmate. He decided he would sign up for the local Y.M.C.A., and he became a regular, riding his bike five days a week to his class. I got all the photos, but I had never thought about capturing his voice. down at the grocery store, and I asked her if, by any chance, they had any video of Jeff talking.

☆ How New Yorkers’ Lives Will Be Altered by the $229 Billion State Budget
▼ + stars: | 2023-05-02 | by ( Luis Ferré-Sadurní | Grace Ashford | ) www.nytimes.com time to read: +1 min

ALBANY, N.Y. — Minimum wage workers in New York City will get a pay bump for the first time in five years. Out-of-state students at city and state universities will face a tuition hike. And cigarette smokers will need to pay an extra dollar in taxes per pack. New York State lawmakers approved a $229 billion state budget on Tuesday night that will touch on New Yorkers’ everyday life, after completing protracted negotiations with Gov. This being Albany, of course, the closed-door negotiations centered much less on the state’s finances than they did on contentious policy changes that were stuffed into the final budget legislation.

☆ Manhattan federal prosecutor joins Kramer Levin law firm
▼ + stars: | 2023-05-02 | by ( Chinekwu Osakwe | Thomson Reuters | Chinekwu Osakwe Covers Legal Industry News With A Focus On Midsize Law Firms. Reach Her At Chinekwu.Osakwe Thomsonreuters.Com. | ) www.reuters.com time to read: +1 min

Law Firms Kramer Levin Naftalis & Frankel LLP Follow(Reuters) - New York-founded law firm Kramer Levin Naftalis & Frankel said Tuesday that it has hired former Assistant U.S. Attorney Jordan Estes, who co-led the general crimes unit in the Southern District of New York, for its white-collar and government investigations practice. Estes was the lead or co-lead prosecutor on 13 criminal trials ranging from securities fraud matters, insider trading, bank fraud, health care fraud and racketeering, Kramer Levin said. Estes helped secure last year's conviction of Trevor Milton, the founder of electric vehicle company Nikola Corp, on charges that he defrauded investors. In February, prominent Kramer Levin white-collar partner Barry Pollack left the firm to join New York midsize law firm Harris St. Laurent & Wechsler's new Washington, D.C. office. Read More:N.Y. law firm launches in D.C. with white-collar duoOur Standards: The Thomson Reuters Trust Principles.

☆ Tesla hikes prices in U.S., China and other markets after multiple cuts
▼ + stars: | 2023-05-02 | by ( Arjun Kharpal | ) www.cnbc.com time to read: 1 min

Visitors check a Tesla Model 3 car next to a Model Y displayed at a showroom of the U.S. electric vehicle (EV) maker in Beijing, China February 4, 2023. Tesla hiked the price of several cars in key markets, including the U.S. and China, after a number of cuts this year. Elon Musk's electric vehicle company increased the price of vehicles including its Model 3 and Model Y in the U.S., China, Canada, and Japan. In the U.S., the Model 3 and Model Y series of cars now cost $250 more. The Model 3 starts at $40,240, while the Model Y is priced at $47,240.

☆ Ford cutting price of electric Mustang Mach-E by thousands of dollars
▼ + stars: | 2023-05-02 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

Ford Mustang Mach-E is presented at the New York International Auto Show, in Manhattan, New York City, April 5, 2023. DETROIT – Ford Motor is once again cutting the starting prices of its electric Mustang Mach-E by thousands of dollars, as the automaker increases production of the crossover and reopens order banks for the vehicle. The Detroit automaker said Tuesday it will lower pricing of the Mach-E by a range of $1,000 to $4,000. The cuts will make the starting price of the vehicle fall between $42,995 and $59,995. The cuts are the latest price adjustments in the electric vehicle market following Tesla cutting prices several times this year, but also slightly raising prices on some models this week.

☆ Why Tesla keeps making the Model S and X even as sales dwindle
▼ + stars: | 2023-05-02 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +5 min

Production ramped up slowly, but by 2017, Tesla was selling more than 100,000 a year of the Model S and its SUV sibling, the Model X. Similarly, pricing for the Model X SUV starts at about $98,000 but the smaller Model Y starts at just $47,000. Still, much like the S-class for Mercedes-Benz, the Model S remains Tesla’s flagship model, representing the brand. In fact, within its competitive class, the Tesla Model S and X are good sellers. By this point in their long lives, the Tesla Model S and X have become a stream of fairly steady profits, said Cox.

☆ Treasury yields fall as investors await Fed meeting, weigh policy expectations
▼ + stars: | 2023-05-02 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

Yields and prices have an inverted relationship and one basis point is equivalent to 0.01%. U.S. Treasury yields fell on Tuesday ahead of the start of the Federal Reserve's next meeting, which is expected to conclude with a fresh interest rate policy decision. The Fed's latest meeting is due to start Tuesday, with fresh policy decisions and guidance expected at its conclusion on Wednesday. Since the Fed's last meeting, officials have hinted that rates may have to remain elevated for longer as inflation remains uncomfortably high. Meanwhile, concerns about higher rates putting pressure on the economy and leading to a downturn have spread among investors.

☆ Wall Street's most important workers you've never thought of
▼ + stars: | 2023-05-02 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

And on Wall Street, where the volume of information continues to rise, application design and user interface is taking center stage. User interface and user experience have long been underappreciated in finance, which is ironic considering the public nature of the work. Read more about Citadel X, the $57 billion hedge fund's user experience and interface team. If you're still trying to understand the collapse of yet another regional bank, we've got you covered. The German bank is building out its investment bank as it eyes a potential return of M&A, the Financial Times reports.

☆ KKR Co-Founder’s 200-Acre Estate in New York Asks $11.5 Million
▼ + stars: | 2023-05-01 | by ( Katherine Clarke | ) www.wsj.com time to read: 1 min

The Westchester County home of the late KKR co-founder Jerome Kohlberg is coming on the market for $11.5 million. Spanning about 200 acres in Mount Kisco, N.Y., the property is known as Cabbage Hill Farm. It has an elaborate, roughly 9,000-square-foot mansion overlooking sweeping lawns and a large lake as well as a working farm with pastures, barns and a greenhouse, according to Jaclene Ginnel of Ginnel Real Estate, whose firm is listing the property via agent Muffin Dowdle. Mr. Kohlberg and his wife, Nancy Kohlberg, lived there for over three decades, she said.

☆ Oil prices drop as US rate hike fears, weak China data offset supply cuts
▼ + stars: | 2023-05-01 | by ( Katya Golubkova | ) www.reuters.com time to read: +3 min

The Fed is expected to increase interest rates by another 25 basis points this week. The U.S. central bank has raised its policy rate by 475 basis points since March of last year from the near-zero level to the current 4.75%-5.00% range. In the week ahead, the Reserve Bank of Australia is widely expected to extend a rate hike pause on Tuesday and the European Central Bank could surprise with an outsized half-point increase on Thursday. Brent crude has been tracking broader markets in recent sessions, with a slew of economic data creating more uncertainty about the outlook," ANZ Research said in a client note. Reporting by Katya Golubkova; Editing by Kenneth MaxwellOur Standards: The Thomson Reuters Trust Principles.

☆ Elon Musk earned a spot at the Museum of Failure, which listed 14 reasons including the strange names he gave 2 of his kids
▼ + stars: | 2023-05-01 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

Elon Musk earned a spot at the Museum of Failure in Brooklyn, which listed 14 reasons. According to the Museum of Failure, there's no such thing as innovation without a few bumps along the way. That's something Elon Musk is familiar with, and has earned him a spot at the museum for 14 reasons, which include the unusual names he gave two of his kids: X AE A-XII and Exa Dark Sideræl, who also now goes by Y. The museum aims to stimulate productive discussion about failure and inspire us to take meaningful risks," it says on its website. The museum is in Brooklyn until June 18 and has previously been on display in cities including Calgary, Canada and Taipei, Taiwan.

☆ Negotiating Financing Provisions in Mergers
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: +47 min

(For the complete version of this resource, which includes initial considerations and questions counsel should ask when drafting and negotiating financing provisions in merger agreements, see Drafting and Negotiating Financing Provisions in Mergers on Practical Law.) For a private placement under Rule 144A, the financing parties may offer some flexibility regarding the required financing statements. The term refers collectively to provisions that benefit debt financing parties by limiting their liability in an acquisition financing, including provisions that provide for:No recourse to the financing parties. The target company has no recourse against the financing parties and cannot pursue litigation against the financing parties directly. The financing parties are third-party beneficiaries of the Xerox provisions to permit the financing parties to enforce their rights under the merger agreement.

☆ Bud Light wanted to market to all. Now, it's alienating everyone
▼ + stars: | 2023-05-01 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +10 min

New York CNN —For years, Bud Light leaned on jokey ad campaigns and its designation as a light beer to push sales. Now, Bud Light finds itself seeking younger drinkers, and stumbling through America’s polarized landscape in the process. There have been calls for a Bud Light boycott. And the stock of Bud Light owner Anheuser-Busch (BUD) has fallen only about 3% in the last month, suggesting Wall Street isn’t too worried. Bud Light, he thinks, could be missing out on that type of support.

☆ I worked closely with Bill Gates for 8 years as an executive at Microsoft. Here are the 3 lessons he taught me that I'll never forget.
▼ + stars: | 2023-05-01 | by ( Chris Williams | ) www.businessinsider.com time to read: +8 min

From my very first meeting with Bill Gates it was clear he was someone you could learn from. That grilling in a tiny Microsoft conference room in the summer of 1992 was one I'll never forget. From then through to my time as Vice President of HR when I was afforded many one-on-one meetings with him, I learned many things from Bill Gates. It seems that Bill learned early on that pressing for details until failure resulted in two kinds of responses. I learned a lot from spending time with Bill Gates.

☆ AI startup founders from Y Combinator's latest class reveal the top 3 things they learned from the accelerator
▼ + stars: | 2023-05-01 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +6 min

Several AI startup founders who participated said the program had many more in person events. And they also said it was a huge benefit and made a difference being in San Francisco. For its winter 2023 cohort, Y Combinator accepted founders from 282 startups for its coveted startup accelerator program. Insider spoke with the founders of four AI startups that went through this latest batch and asked them to share what they learned most from the experience. "It feels like the next platform shift, and San Francisco is definitely the heart of it."

☆ The Tesla Model Y now costs less than the average US vehicle
▼ + stars: | 2023-05-01 | by ( Tim Levin | ) www.businessinsider.com time to read: +2 min

Tesla's Model Y SUV now costs $46,990 after the company's latest price cut. Now Tesla's Model Y SUV — the brand's most popular model and the world's best-selling electric vehicle — costs less than the average new car. In late April Tesla added a cheaper, previously off-menu Model Y to its site and subsequently dropped that model's price to $46,990. At the start of the year, the cheapest Model Y on offer cost $65,990. The Tesla Model 3 can now be had for almost $20,000 less than the average electric vehicle.

☆ Mexico bus plunges off cliff, at least 18 die
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: +1 min

[1/4] Emergency personnel work on the site where a bus carrying tourists traveling to Guayabitos overturned, in Compostela, Nayarit state, Mexico in this handout image obtained from social media April 30, 2023. Secretaria de Seguridad y Proteccion Ciudadana de Nayarit/Handout via REUTERSMEXICO CITY, April 30 (Reuters) - At least 18 people were killed and 33 injured when a bus fell off a cliff in western Mexico, local authorities said Sunday. "From the first moment, we have worked in a coordinated manner with the various federal and state authorities to provide immediate attention to victims," the prosecutor's office said in a statement shared on Twitter. Authorities reported that 11 women and seven men were killed. Writing by Anna-Catherine Brigida; Reporting by Raul Cortes; Editing by Richard ChangOur Standards: The Thomson Reuters Trust Principles.

☆ Ex-federal judge Yeakel joins law firm King & Spalding in Austin
▼ + stars: | 2023-05-01 | by ( Chinekwu Osakwe | Thomson Reuters | Chinekwu Osakwe Covers Legal Industry News With A Focus On Midsize Law Firms. Reach Her At Chinekwu.Osakwe Thomsonreuters.Com. | ) www.reuters.com time to read: +1 min

(Reuters) - A former federal judge in Austin, Texas, has joined King & Spalding's trials and global disputes practice group, the law firm said Monday. He said the governor's order violated federal law and would put children with disabilities at risk. Yeakel, who was appointed in 2003 by President George W. Bush and announced his retirement in March, will counsel clients on "all facets of the dispute process," and represent them in court, according to King & Spalding. Yeakel said in a statement King & Spalding has a strong dispute practice and a growing Austin office. Read more:King & Spalding hires ex-prosecutor in N.Y. amid investigations pushMaryland federal judge joins Gibson Dunn after leaving bench at 47Federal judge leaves Chicago bench for Latham law firmOur Standards: The Thomson Reuters Trust Principles.

☆ Filmmaker Joel Coen Puts His Spin on the Photos of Lee Friedlander
▼ + stars: | 2023-05-01 | by ( Arthur Lubow | ) www.nytimes.com time to read: +1 min

Fraenkel’s question about Friedlander landed on fertile ground. “I certainly knew of him, and I think Fran did a little,” Coen said recently, in a joint video interview with McDormand from California. ‘Just 10 photographs if you like.’ ”Coen and McDormand visited the Friedlanders in New City, N.Y., to make sure they were simpatico. “They came here with Jeffrey,” Friedlander recalled. Each show will display about 45 photos.

☆ Employee Monitoring and Surveillance
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: +50 min

Ensuring Employee Safety and Systems SecurityEmployers may use electronic workplace monitoring and surveillance to protect their:Worksites. Potential Liability for Electronic Workplace Monitoring and SurveillanceEmployers that engage in electronic workplace monitoring and surveillance must comply with various federal and state laws, including:The Wiretap Act. Best Practices for Electronic Workplace Monitoring and SurveillanceTo avoid violating relevant state and federal laws, before conducting workplace monitoring and surveillance, employers should:Consider the purpose and appropriate scope of their monitoring and surveillance activities and what methods will help them achieve their objectives. Determine the Purpose of Workplace Monitoring and SurveillanceBefore conducting any workplace monitoring or surveillance, best practice is for employers to identify the purpose and goals of these activities to:Ensure that there is a legitimate business purpose for the planned monitoring and surveillance activities. Determine the scope of monitoring and surveillance necessary to accomplish the business purpose, and conduct only the minimum monitoring and surveillance necessary to meet that business need.

☆ Tesla Models S, X unavailable in some Asia-Pacific countries, website shows
▼ + stars: | 2023-04-30 | by ( ) www.reuters.com time to read: +1 min

April 30 (Reuters) - Tesla's Model S and Model X were not available for order in some Asia-Pacific countries, including Australia, Thailand, Singapore and New Zealand, the automaker's website showed on Sunday. Other Tesla Inc (TSLA.O) models, such as Model 3 and Model Y were available in these countries, according to the website. It was not immediately clear why these models were not available. Elon Musk's electric vehicle maker posted record deliveries in the January-March quarter, but deliveries of higher-priced Model X and Model S vehicles slumped by 38%. Tesla has been aggressively cutting prices for some of its models this year across markets to juice demand as competition among electric-vehicle makers heats up around the world.

☆ ‘Succession’ Season 4, Episode 6: Cool New Rule
▼ + stars: | 2023-04-30 | by ( Noel Murray | ) www.nytimes.com time to read: +3 min

Roman’s initial response is to troll, by making a snide comment about the “incredibly evolved, ruthlessly segregated” community of Los Angeles. But Kendall is excited about them putting their own stamp on Waystar, and thinks these two firings may impress the markets. It’s a reasonable assumption too, because Kendall is in full Icarus mode throughout this episode. There are few things more entertaining in “Succession” than Kendall in a boss groove, tossing out big ideas and buzzy business jargon at a rapid clip. (“Numbers aren’t just numbers, they’re numbers,” Pete sputters.)

☆ Drag queens and the long, vibrant history of drag in the US
▼ + stars: | 2023-04-29 | by ( Scottie Andrew | ) edition.cnn.com time to read: +15 min

Barbara Alper/Getty ImagesDrag has become increasingly visible in recent years through mainstream shows like “RuPaul’s Drag Race” and popular public events such as drag brunches, drag bingo and drag queen story hours, in which drag performers read children’s books to young audiences, often at libraries. Some trans drag queens who received hormone injections were “strongly deplored by stage impersonators who (said) that the whole point of female impersonation depends on maleness,” Newton wrote. But “Drag Race” has also skewed viewers’ definition of drag – no drag kings have ever competed on the series, Testa noted, and the judges have long imposed somewhat traditional beauty standards upon contestants. Pickle reads from a book during the Drag Queen Story Hour program at a Los Angeles library in 2019. These lawmakers falsely claim that drag performers “groom” or sexualize children, of which there is also no evidence.

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