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Why a Fed rate-hike pause may not be as great for stocks as Wall Street hopes
Why a Fed rate-hike pause may not be as great for stocks as Wall Street hopes
To Wall Street's relief, the end appears in sight for the Federal Reserve's sharp hikes to interest rates
2023-05-18 20:29
EV Battery-Swapping Could Help Solve the US Charging Problem
EV Battery-Swapping Could Help Solve the US Charging Problem
More than a decade ago, a high-flying startup called Better Place made a billion-dollar bet that electric car
2023-05-18 20:28
Jerusalem Day: Israeli nationalists set to march in Old City
Jerusalem Day: Israeli nationalists set to march in Old City
The event, marking Israel's capture of East Jerusalem, is seen by Palestinians as highly provocative.
2023-05-18 20:24
BNY Mellon prices $500 million debt offering via diverse bookrunners
BNY Mellon prices $500 million debt offering via diverse bookrunners
NEW YORK The Bank of New York Mellon Corporation priced a $500 million debt offering that was underwritten
2023-05-18 20:24
Manuel Akanji wants three trophies to make it an ‘unbelievable’ debut season
Manuel Akanji wants three trophies to make it an ‘unbelievable’ debut season
Manuel Akanji has his sights firmly set on the treble after Manchester City took a huge stride towards becoming only the second English side to achieve that feat. City ruthlessly swept aside 14-time European kings Real Madrid 4-0 on Wednesday to power into next month’s Champions League final. With the team also on the brink of securing their fifth Premier League title in six seasons and through to the FA Cup final, a glorious end to the season is on the cards. Claiming all three trophies would see them emulate the achievement of rivals Manchester United – coincidentally their FA Cup opponents at Wembley – in 1999. City defender Akanji, who joined the club from Borussia Dortmund in September, said: “First we have got to win the Premier League. That’s what we can do on the weekend and I hope we are going to do it. “Then it’s two finals and we want to win both of them. “It would be unbelievable. It is my first season here. It is the best team I have ever played in and we have been really confident in the second part of the season. “I think we’ve done a really good job but we’ve got to keep it up until the end.” Victory over Chelsea at the Etihad Stadium on Sunday would see City clinch the Premier League with two games to spare. Manager Pep Guardiola would then have the luxury of being able to rest or rotate players ahead of their finals, against United on June 3 and Inter Milan in Istanbul a week later. Their stunning performance against Real, when they trampled all over the most successful club in European competition history to complete a 5-1 aggregate win, puts them at short odds to complete all three. “It’s a great feeling,” said Switzerland defender Akanji, who was responsible for City’s third goal after his glancing header was deflected in by Eder Militao. “From the first minute we stepped on the court we were confident. “I think at home, in all the knockout games, we have had pretty impressive wins. It shows how good we are here and now we have got to do this at the weekend as well to bring home the Premier League and then two other titles too.” Bernardo Silva set up City’s victory with two first-half goals and Julian Alvarez completed the rout late on. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Domingo Miotti given the nod to start at 10 for Glasgow in showdown with Toulon Sam Hain at peace with his game and keen to get wins for Warwickshire Ben Kavanagh hoping for hometown glory with Halifax when Saints come marching in
2023-05-18 20:24
Biden 2024 campaign announcement coming as soon as next week
Biden 2024 campaign announcement coming as soon as next week
President Joe Biden will formally announce his 2024 reelection campaign as soon as next week, three people briefed on the discussions said Thursday. The people, who spoke on the condition of anonymity to discuss internal deliberations, said they were not aware that a final decision on timing had been made, but that Biden had been eyeing Tuesday, April 25, four years to the day since the Democrat entered the 2020 race. The upcoming announcement is expected to be in the form of a video released to supporters. Biden has repeatedly said he intends to run for a second term but advisers say he has felt little need to jump into campaigning because he faces no significant opposition to his party's nomination. Biden has summoned top Democratic donors to Washington next week for what was expected to be a dinner with him and a strategy session with his chief political advisers. The Washington Post first reported on the expected timing of the announcement. Read More Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide
2023-05-18 20:22
Wall Street set to open higher, European shares boosted by debt deal hopes
Wall Street set to open higher, European shares boosted by debt deal hopes
By Elizabeth Howcroft LONDON European shares rose on Thursday and Wall Street was set to open higher, as
2023-05-18 20:20
TuSimple to restructure US business, lay off 30% staff
TuSimple to restructure US business, lay off 30% staff
Autonomous driving technology company TuSimple Holdings Inc said on Thursday that it will restructure its U.S. operations and
2023-05-18 20:17
Global wheat prices fall as Russia-Ukraine grain deal extended
Global wheat prices fall as Russia-Ukraine grain deal extended
Global wheat prices fell Thursday after Ukraine and Russia agreed to extend a deal allowing grain to be exported from Ukrainian ports in the Black Sea.
2023-05-18 20:16
Walmart boosts outlook after a strong first quarter and rising online sales
Walmart boosts outlook after a strong first quarter and rising online sales
Walmart reported a strong first quarter and boosted its outlook for the year as the nation’s largest retailer continues to draw budget conscious consumers in a challenging economic environment
2023-05-18 20:15
Elon Musk's anti-remote working crusade is betrayed by his own Elden Ring confessions
Elon Musk's anti-remote working crusade is betrayed by his own Elden Ring confessions
Elon Musk, billionaire and self-confessed 'power-mage' (albeit decent with a sword and katana), might've put his foot in it once more following his comments regarding work-from-home; especially when considering his prior tweeting about what he does in his 'spare time'. Specifically, how can someone who says they work 20-hour days, or 17-hour days, also complete an intensive video game- within months of release? Sign up to our free Indy100 weekly newsletter Elon Musk has performed a number of interviews recently, and it seems like he's been given an easy ride. People are starting to pick up on the fact that nobody has asked him about Elden Ring: People want Elon Musk to be asked about Elden Ring. Well, Indy100 are more than happy to help - 'Timothy Faust'. In an interview segment with CNBC titled Tesla CEO Elon Musk: ‘The laptop class is living in la-la land’ over work-from-home, Musk declared that remote working is a 'moral issue'. He believes that because a working class commutes to working locations to build cars or cook food - that other workers should also commute. Musk has said before that he works 20 hours a day. He says in the above interview that he sleeps six hours a day. He has routinely said he commits to 80-100 hour workweeks. During his early days at Twitter, he said he was working 24/7. Musk works a lot. Based on the latest interview where he says he sleeps six hours a day, Musk has around 18 hours per day to either work or not work. There are 168 hours in a week. Based on the 80-100 hour workweek comments, Elon, at maximum, spends 60 per cent (14 hours a day) of his time working, leaving nine hours for sleep and recreation. If he sleeps six hours, he has three or four hours for everything else - including Elden Ring. He admitted that on May 23rd that the game was the 'most beautiful art he had ever seen.' Elon, I cannot disagree. As someone who spammed Rivers of Blood to murder four end-game bosses in an hour with a raging headache following weeks of failure, Elden Ring to me is also art. However, when he is saying he has experienced Elden Ring in its entirety, and that his workweek is so intense, there's a contradiction. My playtime with Elden Ring is around 120 hours. I played it damn near every day in marathon stints with a few week-long pauses when my own rapid deaths in a playthrough were mangling my mind. I finished the game in June. I started it in February. It took me - apparently - until early March to beat the first three bosses in my list of achievements on Xbox - Leonine Misbegotten, Margit the Fell Omen and Shardbearer Godrick. I am somewhat awful at the game. I beat the game. I do wish I recorded my pre-patch decimation of Radahn, though. I won't go into the description of Musk's build, but it's terrible. Kotaku went in on it. My build was pretty cheesy and I could bonk enemies on the head and kill them in seconds. If I took 120 hours to experience close to everything in Elden Ring, there's no way Elon completed it quicker with the build that had him 'fat rolling' all over the place. My experience has me completing Elden Ring in 100 days - give or take. That's 1.2 hours per day. I do not work the number of hours a day that Elon says he does. Assuming Elon completed Elden Ring in the same time as I did, he'd spent around 25 percent of his non-working time playing Elden Ring until completion. That's based on him having around four hours to himself without working or sleeping. The only figure we've got to use for Elon's completion date is the day he posted 'Elden Ring experienced in its entirety most beautiful art he had ever seen' - May 24th 2022. This is 87 days after Elden Ring's US release on February 25th. Assuming Elon completed the game on May 24th, and assuming he started on February 25th, that gives him 348 non-working hours in the 87 days between release and completion. If he spent 120 hours on Elden Ring (like my completion time) alone, a third of his non-working time between February and May was spent playing Elden Ring. For a person as busy as Elon appears to be, I feel like it's also fairly implausible to suggest a duel business owner (at the time) and parent who says they work that much could spend a third of their non-working time playing a video game. There are 8760 hours in a year. Elon sleeps for 2190 hours (25 percent of his time), he works for 5082 hours (58 percent of his time with two days off accounted for) and has around 1489 hours spare (17 percent of his time.) Obviously, this is all estimation and approximation - Musk may not be entirely serious when he says what he says, and every day is probably going to differ. Alas. That means that he spent 8 percent of his spare time last year playing Elden Ring. That in itself is not specifically odd, but by Elon's own admission, he has less time than everyone else as he is so busy. A man who had so little time spent so much of it gaming. That is pure dedication or exaggeration. To take the words, well, word-for-word, it'd seem obvious that Musk is exaggerating, or twisting words to make a more brutal point than needed. At the same time, it feels odd to say that in an interview where you're hitting WFH employees over the head - you'd want to be taken seriously, right? He was asked off the cuff. He replied off the top of his head. There's no problem, except that the context of Musk's words in the interview relates to dismissing remote working and the 'laptop class'. Where did Elon actually find the time to play Elden Ring? Was becoming Elden Lord classed as work in his mind (probably, and fair enough). The only way to test this is to get a brave Twitter/Tesla/SpaceX employee to say that playing Elden Ring on company time counts as 'work'. Then we'll see what happens. As for Elon and remote working, let those without sin cast the stones, and perhaps let your workers breathe a little. That's the real moral issue. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
2023-05-18 20:00
The Kerala Story: Supreme Court lifts West Bengal's ban on Islamic State film
The Kerala Story: Supreme Court lifts West Bengal's ban on Islamic State film
The Kerala Story was banned in the eastern state of West Bengal last week, days after its release.
2023-05-18 19:57
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