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  • Reuters

    FOREX-Dollar swoons after data suggests rate cut in September

    The dollar slumped against major currencies on Wednesday after U.S. consumer prices in April showed inflation had resumed trending lower in the second quarter, raising hopes the Federal Reserve can deliver an interest rate cut as early as September. Also boosting optimism that the Fed was closer to a rate cut was a reading of U.S. retail sales that was unexpectedly flat last month, as higher gasoline prices pulled spending away from other goods in a sign the consumer was retrenching a bit. After inflation proved "sticky" in the first quarter, with housing rental rates and other prices remaining stubbornly high, the market welcomed the CPI data.

  • Reuters

    UPDATE 1-US Congress passes broad aviation bill on safety and consumer rights

    The U.S. House of Representatives on Wednesday overwhelmingly passed a broad aviation bill to boost air traffic controller staffing, increase funding to avert runway close-call incidents, and speed refunds for canceled flights. The 387-26 vote sends the $105 billion, five-year measure to reauthorize the Federal Aviation Administration (FAA) to President Joe Biden for his signature by Friday after the Senate approved it last week. The bill prohibits airlines from charging fees for families to sit together and requires them to accept vouchers and credits issued in lieu of refunds for at least five years.

  • CNW Group

    Lung Health Foundation and Ontario Ministry of Education Partner to Launch First Judgement-Free Initiative to "Quash" High School Vaping Crisis

    Canada has one of the highest vaping rates in the world, with the Lung Health Foundation ("LHF") estimating that 750,000 people aged 30 and under are engaged in daily vaping. In a ground-breaking initiative, Lung Health Foundation, in partnership with the Ontario Ministry of Education, is tackling the pervasive issue of youth vaping head-on. With teens representing a disturbingly high percentage of young people who vape every day, LHF calls this addiction "dangerously discreet" — often unnoticed

  • Reuters

    Netflix hits 40 million users for ad-supported plan

    Netflix said on Wednesday its ad-supported tier has reached 40 million global monthly active users, from 5 million a year earlier, a sign that its push to attract new users with the cheaper plan is paying off. The jump comes at a time when streaming companies are facing stiff competition and introducing bundles with their rivals to retain subscribers. Netflix, which launched the ad-supported plan in November 2022, said that 40% of all sign-ups come from those plans in the countries where they are available.

  • Reuters

    US Southwest and Texas at risk of power shortfalls this summer, regulator says

    The U.S. Southwest and Texas are at an increased risk of power supply shortfalls during times of peak demand this summer due to rising electricity consumption and supply constraints, the North American Electric Reliability Corporation said on Wednesday. Parts of the Midwest and New England are also under elevated threat of inadequate power supplies in high electricity consumption periods this summer, while the U.S. Northwest and most of the East Coast are expected to see normal conditions, NERC said. Extreme heat, new data centers, increased manufacturing activity and electric vehicles are raising U.S. power demand forecasts in the summer months.

  • Yahoo Finance

    Netflix ad tier reaches 40 million monthly active users

    The announcement marked a big increase from the 5 million users the company disclosed one year ago.

  • Benzinga

    Morgan Stanley Obtains $700M Property Loan From Blackstone Venture

    Morgan Stanley (NYSE:MS) has entered into a deal to acquire around $700 million of property loans from the failed Signature Bank through a consortium. The consortium involves Blackstone Inc. (NYSE:BX), Canada Pension Plan Investment Board, and Rialto Capital. The transaction, marks a significant move in the commercial-property finance arena, according to a report from Bloomberg. Jones Lang LaSalle Inc (NYSE:JLL) advised on the sale. Representatives for Blackstone, CPPIB, and Morgan Stanley opted

  • PR Newswire

    The 16th Edition of Vendemmia d'Artista: Marinella Senatore Interprets the Character of Ornellaia 2021 "La Generosità" with Collages, Lights and Words

    Bolgheri wine estate Ornellaia is excited to announce that the annual charity auction of bottles from the 16th edition of Vendemmia d'Artista, organized by Sotheby's, will return online from May 22 to June 5, 2024. "La Generosità" (Generosity) is the character of Ornellaia 2021. The theme is in harmony with Marinella Senatore, an Italian artist who works all over the world, conveying the dynamics and poetics of communities. The pride and dedication of the people who make Ornellaia inspired the a

  • CNW Group

    EAM-Mosca Corp. Holds Grand Opening for Its New Two-Building Campus

    On May 14, 2024, at 11 a.m., EAM-Mosca Corp. held the Grand Opening for its newly renovated building in Hazle Township, Pa. The remodeled complex becomes the second structure of a two-building campus that serves clients in the United States, Canada, Mexico, and Latin America.

  • PR Newswire

    Quantzig Unveils Groundbreaking Marketing Mix Models for the Telecom Industry

    In today's rapidly evolving telecom landscape, companies face unprecedented challenges in effectively allocating their marketing budgets and optimizing their promotional efforts. With the proliferation of digital channels and the rise of competition, telecom companies must leverage advanced analytics and data-driven insights to stay ahead. Quantzig's "Marketing Mix Models for the Telecom Industry" offers telecom companies a roadmap to success by providing actionable insights into the effectivene