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Share to Twitter Share to Linkedin Despite ongoing silent runs on the Regional and Community Banks, it appears that both Fed Chair Powell and Treasury Secretary Yellen view the events of the recent past (SVB VB , Signature Bank, First Republic, Credit Suisse, and now Deutsche Bank) as one-off events and not symptomatic of stress in the world’s financial system. The dictionary defines “obtuse” as “annoyingly insensitive or slow to understand.” We can’t think of anything more precise! The chart at the top shows the continued decline in the value of S&P’s Regional Banking ETF through the close of business on Friday (March 24 th ). On Wednesday, the Fed raised interest rates 25 basis points despite liquidity issues in the banking system and the apparent loss of confidence in that system by a significant portion of the public. During his press conference, Powell acknowledged some FOMC concerns over banking issues, said that they had considered a "pause,” … [Read more...] about Obtuse: The Fed & Treasury View Of Banking Issues

Share to Twitter Share to Linkedin Thomas Tuchel has been living in Munich for weeks. He has been spotted walking his dog in Bogenhausen, a leafy, affluent neighborhood on the Isar river. His two young daughters and ex-wife live in Munich. But now, Tuchel has truly arrived in Munich . In Bavaria’s temple of elite football, the shiny Allianz Arena. Smiling on the press podium, sat between Bayern board members Hasan Salihamidzic and Oliver Kahn, Tuchel explained why he joined Bayern: “On a personal level, it is great for me to work in Bavaria, the state where I was born, and to live close to where my children and my family live.” Besides that, it was all business from Tuchel. “The DNA of the club is a responsibility. It is clearly defined. The responsibility is to win,” he said, with Kahn and Salihamidzic looking pleased on either side of their new signing. But there is another, more important responsibility at Bayern. One not uttered by … [Read more...] about Between The Lines, Kahn And Salihamidzic Warn Tuchel: Play Nice With Bayern’s Stars

Share to Twitter Share to Linkedin What brings Democrats and Republicans together these days? The answer is attacking the CEO of a foreign-owned video app in a congressional hearing. Whether those attacks are to make a political point or a substantive difference is another question. TikTok CEO Shou Zi Chew testified before the House Energy and Commerce Committee in a hearing about the app's consumer privacy and data security practices, children's safety, and its relationship with the Chinese Communist Party. TikTok is owned by Beijing-based ByteDance. The approximately five-hour hearing did little to assuage the concerns of lawmakers. If anything, it heightened the concerns that the CCP could access personal data and influence over the content of American TikTok users. There has been no proof thus far to substantiate these concerns, but that isn't stopping Congress. "TikTok is a weapon by the Chinese Communist Party to spy on you, manipulate what … [Read more...] about It’s Up To Congress To Ban TikTok. It Won’t Be Easy.

UPDATE The smelly, murky water putting off tourists from swimming in the sea at Maenam Beach in Koh Samui , southern Thailand , is not an oil spill but caused by a plankton bloom , which is a natural phenomenon, according to the Director of Koh Samui Harbour Authority, Arun Buppako. The photos circulating of green murky water at the beach show dead plankton floating on the surface of the water, said the director. Officials inspected the area and found no oil spills, he added. According to NaewNa , the director said… “Plankton blooms are a natural phenomena that happen every year. One main contributing factor is that when wastewater from the community is released into the sea, it acts as nutrients for plankton, causing them to multiply quickly. When the oxygen in the water depletes, the plankton dies, turning the seawater green. Related news Three mpox cases found in Thailand 4 hours ago Strikes in Germany force Thai Airways to … [Read more...] about Murky water at Koh Samui beach caused by plankton bloom, not oil spill: officials

Nasdaq Inc. ( NDAQ ) is getting close to launching its crypto custody business in the second quarter of the year, Bloomberg reported Friday. Key Takeaways Nasdaq readies the launch of crypto custody by end of the second quarter The exchange announced digital assets business last year Traditional financial institutions like BNY Mellon and Fidelity also offer crypto custody Nasdaq announced its foray into the digital assets business in September and will join traditional financial institutions such as Fidelity and BNY Mellon in offering crypto custody. The new digital offering will be headed by Ira Auerbach, who joins the company from Gemini, which was caught in the crosshairs of the FTX collapse . Auerbach was the Global Head of Gemini Prime, which was the company's prime brokerage service. The timing of Nasdaq's crypto custody launch could prove to be interesting. The U.S. Securities and Exchange Commission is keen on keeping a close eye on custodians … [Read more...] about Nasdaq Readies To Launch Crypto Custody

When the Ringling Bros. and Barnum & Bailey Circus—back after a six-year absence—begins its 50-city tour of North America this September, it will include 75 highly trained performers and a litany of extravagant acts. Tightrope walkers will flit across a triangular rope, 30 feet in the air. Acrobats will launch themselves between four spinning wheels suspended from stadium ceilings. BMX bikers will spring off a giant trampoline. And a 360-degree set studded with massive video screens and enhanced with sonic spatial technology will envelop audiences in the spectacle. There won’t, however, be any lions, tigers, or bears. Oh my! “When you have a brand called ‘The Greatest Show on Earth,’ you can’t downscale,” says Juliette Feld Grossman, chief operating officer at Feld Entertainment, which acquired the iconic circus in 1984. “You really have to reimagine and reinvent.” Founded in 1871, the Ringling Bros. and Barnum & Bailey circus delighted American families … [Read more...] about The Greatest Show on Earth gets a second chance

Explore the full 2023 list of Fast Company’s Most Innovative Companies , 540 organizations that are reshaping industries and culture. We’ve selected the firms making the biggest impact across 54 categories, including advertising , architecture , design , and more. Nature has typically been the first place that beauty companies turn to for solutions to aging and skin imperfections. Now there’s a new source—biotech—and it takes its inspiration from the pharmaceutical industry. The move toward lab-generated ingredients that promise to improve on what scientists would find in nature dovetails with society’s larger embrace of personalized medicine, including cell and gene therapy, says Sarah Broyd, a partner at Durham, North Carolina–based Clarkston Consulting who specializes in consumer healthcare and pharmaceuticals. “Even the mRNA technology used in some of the COVID vaccines has contributed to a greater general understanding of how biotechnology works, which has … [Read more...] about The 10 most innovative companies in beauty of 2023

FromSoftware is No. 15 on Fast Company’s list of the World’s 50 Most Innovative Companies of 2023 . Explore the full list of companies that are reshaping industries and culture. When open-world fantasy game Elden Ring hit video-game consoles last February, it landed like a blockbuster film. FromSoftware , the game’s Japanese developer, sold 12 million units (starting at $60) within two weeks, and the release was heralded with a tribute traditionally associated with major filmmakers—a lengthy New Yorker profile of the game’s creator, Hidetaka Miyazaki, who is known for taking players into magical kingdoms that are anything but fairy tales. Over the previous decade, Miyazaki had established a reputation for punishingly difficult games with Demon’s Souls and Dark Souls , in which you might take the role of a knight or magician to battle through labyrinths of lethal enemies. Along the way, the ghosts of other players who’ve died might warn you of what’s around the bend … [Read more...] about Game developer FromSoftware attracts fans by making play more challenging

LearnPlatform is No. 38 on Fast Company’s list of the World’s 50 Most Innovative Companies of 2023 . Explore the full list of companies that are reshaping industries and culture. As the pandemic unfolded, educators grew more and more reliant on a vast array of digital tools. The average school district currently uses more than 1,400 edtech products each month, nearly three times the number they used just five years ago. Between this influx of new technology and funding requirements that mandate federal dollars go toward “evidence-based services,” schools are eager to prove that these digital solutions actually work. LearnPlatform helps educators analyze the efficacy of their edtech portfolio via its algorithms and automated data analysis that’s fine-tuned by both data scientists and former educators. As of 2022, LearnPlatform has run more than 1,200 evaluations for districts that serve nearly 10 million students and teachers; and in 2021 its school customers ran more than … [Read more...] about This platform is helping educators assess and manage all their edtech tools

Hazel Health is No. 31 on Fast Company’s list of the World’s 50 Most Innovative Companies of 2023 . Explore the full list of companies that are reshaping industries and culture. When it comes to getting kids to see a doctor, Hazel Health has figured out that it’s beneficial to meet them where they already are. The San Francisco-based company brings no-cost telehealthcare into schools for children who have a host of hurdles standing between them and a primary care physician, from housing insecurity and lack of insurance to family income and immigration status. Nearly two-thirds of the students in schools that offer Hazel qualify for free and reduced lunch. “Our model factors in all the things influencing care and works to address them,” says Travis Gayles, Hazel’s chief health officer. The company, which offers primary care appointments in schools across 14 states, expanded its new teletherapy service last year to cover 50 school districts in nine states. The mental health … [Read more...] about This startup puts its telehealth services in the school nurse’s office