Cuhk calendar 2022 23

Ford expects to lose $3 billion on its electric vehicle department this year, the company announced Thursday. The company will be reorganizing its financial reporting into three distinct branches, Ford Blue, Ford Model e and Ford Pro, which will develop gas-powered, electric and commercial vehicles respectively, according to a press release. In the three years starting 2021, Ford Model e is expected to report a $3 billion loss. (RELATED: ‘Sustainable’ Electric Cars Are Getting Junked Over Minor Damage) “We’ve essentially ‘refounded’ Ford, with business segments that provide new degrees of strategic clarity, insight and accountability to the Ford+ plan for growth and value,” CFO John Lawler said.  “It’s not only about changing how we report financial results; we’re transforming how we think, make decisions and run the company, and allocate capital for highest returns.” Ford’s new structure and way of reporting earnings gives new insight into its EV business (which CFO … [Read more...] about Major Automaker Expects It Will Hemorrhage Billions From Its Electric Vehicle Business

President Joe Biden’s approval rating plummets towards the lowest point of his presidency on Thursday, according to a new poll. The president’s approval sank to 38% this month, nearly reaching the lowest point he has received in office where he received a 36% rating in July 2022, an AP/NORC poll found. Biden ‘s March approval has dropped from a 45% rating since February and 41% in January. “Neutral towards approval,” Andrew Dwyer, one of the respondents, told The Associated Press. “I don’t think he’s the best at representing my position and issues. But I know being president involves compromises.” Republicans overwhelmingly disapprove of the president at 96%, while the majority of Democrats approve at 76%. Only 21% of Americans believe the country is heading in the right direction, down 7 percentage points from February, a decline of both Democrats and Republicans since last month. Biden’s approval rating at 38%. — GraphicW (@GraphicW5) March 23, 2023 The … [Read more...] about Biden’s Approval Rating Sinks Towards Lowest Point Of His Presidency: POLL

Last season’s record revenue for Major League Baseball translates into all-time-high valuations for its teams. By Mike Ozanian and Justin Teitelbaum T he eroding economics of regional sports networks made little difference: Major League Baseball teams are still hot assets. Before Arte Moreno pulled the plug on selling his Los Angeles Angels in January, he would have gotten at least $2.7 billion, or $280 million more than the MLB record $2.42 billion that Steve Cohen paid for the New York Mets in 2020, according to people familiar with the sale process. The average MLB team value is up 12% this year, to $2.32 billion. During the 2022 season, revenue (net of stadium debt service) increased 7.8%, to an all-time high of $10.3 billion. The top-line gain was driven by a 64% increase in ticket revenue (including postseason and spring training), to $2.4 billion (the 2021 season started with nearly all ballparks under capacity restrictions) and a 35% increase in … [Read more...] about Baseball’s Most Valuable Teams 2023: Price Tags Are Up 12% Despite Regional TV Woes

LONDON  – Nearly half of emerging market investors are bullish on prospects for developing markets in the second quarter, a survey by HSBC showed on Thursday, thanks to rising optimism following the reopening of the Chinese economy. Some two thirds of the respondents expected emerging equities to outperform those of the developed economies in the next three months, the survey of 138 investors from 133 institutions, conducted between Jan. 24 and March 6, found. More than two thirds of the respondents expected emerging currencies to beat those of developed markets in the same period. Those surveyed represent $547 billion in assets under management. “Asia has seen the largest improvement in sentiment, largely reflecting the expectations of a strong rebound of Chinese economic activity,” said Murat Ulgen, Global Head of Emerging Markets Research at HSBC. The MSCI emerging market equity index has risen 2 percent since the start of the year, though those gains come in the wake of a … [Read more...] about Emerging market investors turn increasingly bullish for Q2, HSBC survey shows

TikTok CEO Shou Chew dodged questions Thursday about whether tactics by parent company ByteDance used to “spy” on American journalists could be used to target more Americans. House Energy and Commerce Committee Chairwoman Cathy McMorris Rodgers of Washington questioned Chew on reporting by Forbes that staff at ByteDance used TikTok data last year to surveil journalists who were covering the company, gaining access to their IP addresses to track whether they had been in proximity to ByteDance employees. “TikTok spied on American journalists. Can you say with 100% certainty that neither ByteDance, nor TikTok employees, can target other Americans with similar surveillance?” TikTok CEO: “I disagree with the characterization that it was ‘spying.'” pic.twitter.com/EjWPzuvcec — RNC Research (@RNCResearch) March 23, 2023 “TikTok spied on American journalists. Can you say with 100% certainty that neither ByteDance, nor TikTok employees, can target other Americans with … [Read more...] about TikTok CEO Dodges On Whether Company Will Cease ‘Spying’ On Americans

The Department of Education Office for Civil Rights (OCR) opened an investigation into an Oregon school district that allegedly created race-based student groups, according to a letter obtained by the Daily Caller News Foundation. Parents Defending Education (PDE), a group focused on parental rights, filed a civil rights complaint in January alleging to the OCR that Ashland School District allegedly created exclusive groups specifically for students of color. The OCR notified PDE in a letter that it would be opening an investigation into the school district on Monday. (RELATED: EXCLUSIVE: ‘Genderqueer Shapeshifter’ Provided School District’s Professional Development Training For Teachers) “We are glad to learn that the Department of Education has opened an investigation into one of our allegations against Ashland School District,” Nicole Neily, president of PDE, told the DCNF. “Student affinity groups like those offered at both Ashland High School and Ashland Middle … [Read more...] about EXCLUSIVE: Biden Admin To Investigate School District That Allegedly Created Race-Based Student Groups

Disney World will host an LGBTQ+ conference on the heels of Disney’s high-profile conflict with Republican Florida Governor Ron DeSantis over LGBT issues in the state. Out & Equal, the organization behind the LGBT conference, describes itself as, “the premier global nonprofit organization working exclusively on LGBTQ+ workplace equality.” Their stated goal is to “transform” the work environment, “inspire” new leaders, and facilitate “systemic change.” Out & Equal claims that roughly 5,000 people attend the event annually and that diversity, equity and inclusion (DEI) and human resources professionals will be present. “Over more than 20 years, Summit has grown to become the preferred place to network and share strategies that create inclusive workplaces, where everyone belongs and where LGBTQ+ employees can be out and thrive,” Out & Equal explains on its website . Disney will host a major conference promoting LGBTQ rights in the workplace this September, … [Read more...] about Disney World Hosting Gay Rights Summit Following Clash With DeSantis

Democratic New Orleans Mayor LaToya Cantrell was reportedly caught in several videos without a mask at an indoor Mardis Gras ball on Friday, according to Fox News, just weeks after reinstating mask requirements for the city. Cantrell, along with other partygoers at the Mayor’s Mardi Gras Ball at Gallier Hall on Friday, was pictured maskless in 100 short videos that were posted online depicting scenes from the party, Fox News reported . The videos were deleted shortly after Fox News contacted Cantrell’s office, but reportedly show the Democrat singing karaoke. Not a single partygoer was wearing a mask during the event, according to Fox News. (RELATED: California Gov. Newsom, Mayors Caught Maskless With Magic Johnson At Rams Game) Cantrell had reinstated New Orleans’ mask mandate on Jan. 11, 2022, amid a surge in COVID-19 cases due to the emergence of the Omicron variant. Jan 11, 2022: City of New Orleans Announces Reinstatement of Indoor Mask Mandate Mayor’s Ball … [Read more...] about New Orleans Mayor LaToya Cantrell Caught Partying Maskless Weeks After Reinstating Mask Mandate: REPORT

Share to Twitter Share to Linkedin Topline Mortgage rates tumbled last week to their lowest level in over a month, according to data released Wednesday morning by the Mortgage Bankers Association, as waning confidence in the U.S. banking system provides a reprieve to home buyers. Key Facts The average 30-year fixed mortgage rate slipped from 6.71% to 6.48% last week, falling to its lowest level since mid-February and its largest percentage decline since November. Mortgage applications rose 3% last week, according to the survey, as buyers take advantage of rapidly declining home prices. That followed a wild stretch for the banking sector – headlined by the failures of Silicon Valley Bank and Signature Bank, the nation’s second and third-biggest such failures ever – causing investors to pack into safer assets such as government bonds. Yields for 10-year U.S. Treasury notes sank 70 basis points to 3.4% in the two-week period … [Read more...] about Housing Market: Mortgage Rates Sink To 5-Week Low Amid Bank Havoc

Share to Twitter Share to Linkedin Topline Amid growing global concern over the social media platform, TikTok CEO Shou Zi Chew will testify before the House Energy and Commerce Committee Thursday, where U.S. lawmakers are expected to question Chew over safety concerns for minors and preventing U.S. user data from foreign access. Key Facts In Chew’s first appearance before Congress, he’s expected to discuss the company’s privacy and data security practices, as well as the company’s relationship with the Chinese government, which has come under increased scrutiny in recent months. Prepared Remarks Chair Rodgers, Ranking Member Pallone, and Members of the Committee: Thank you for the opportunity to appear before you today to talk about TikTok and our mission to inspire creativity and bring joy to more than 1 billion people worldwide. I look forward to discussing what makes TikTok so special to the diverse audiences it serves, as well as our … [Read more...] about TikTok CEO Shou Zi Chew’s Prepared Comments Before Congress