Tag Archives: Chill

‘Bond King’ Jeffrey Gundlach warns higher-for-longer interest rates could trigger the next Financial Crisis—and advises investors to ‘T-Bill and Chill’ – Yahoo Finance

  1. ‘Bond King’ Jeffrey Gundlach warns higher-for-longer interest rates could trigger the next Financial Crisis—and advises investors to ‘T-Bill and Chill’ Yahoo Finance
  2. Layoffs are coming, warns DoubleLine CEO Jeffrey Gundlach CNBC Television
  3. DoubleLine’s Gundlach says interest rates are going to fall as recession arrives early 2024 CNBC
  4. Layoffs are coming with a US recession looming, Jeff Gundlach warns Business Insider
  5. Gundlach says ‘massive interest-expense problem’ could cause next U.S. crisis MarketWatch
  6. View Full Coverage on Google News

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‘I wanted to be friends with Tiffany’: DoorDash driver gets text from customer about how she seemed ‘chill’ and wanted to hang out. Now she can’t find her – The Daily Dot

  1. ‘I wanted to be friends with Tiffany’: DoorDash driver gets text from customer about how she seemed ‘chill’ and wanted to hang out. Now she can’t find her The Daily Dot
  2. How much should you tip on a $20 food delivery? A DoorDasher went viral for saying a $5 isn’t enough. We asked 10 drivers. Yahoo Finance
  3. Delivery driver from Texas takes offense at $5 tip NBC 6 South Florida
  4. DoorDash Driver Criticized After Confronting Customer About Tipping Him $5 On A $20 Order — ‘$5 Is Enough’ YourTango
  5. DoorDash Driver Asks Customer For ‘Any Extra Tip You Could Spare’ After They Already Tipped $11 Yahoo Sports
  6. View Full Coverage on Google News

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Winter Storm, Wind Chill warnings continue into Saturday as dangerously cold weather hits the region – WHIO TV 7 and WHIO Radio

A Winter Storm Warning continues through 7 a.m. Saturday for Butler, Greene, Montgomery, Preble and Warren Counties.

A Wind Chill Warning is in effect until 7 a.m. Saturday for Auglaize, Champaign, Darke, Logan, Mercer Miami and Shelby counties.

A Wind Chill Advisory will go into effect for Auglaize, Champaign, Darke, Mercer Miami and Shelby counties starting at 7 a.m. Saturday through 4 p.m. Saturday.

>> TRACK THE CONDITIONS WITH LIVE DOPPLER 7

QUICK-LOOK FORECAST:

  • Strong winds 40-50mph Friday and Saturday
  • Blowing snow continues at times
  • One of the coldest Christmas Days on record

>>Snow Emergencies issued for area counties; What does it mean?

DETAILED FORECAST:

TODAY: Blowing snow and frigid wind chills continue tonight due to gusty winds between 35-45mph. Roads will still be snow-covered as a result of the blowing snow and the inability to keep them cleared.

Temperatures will drop to a low around zero overnight, but it will still feel like -25 to -30. Staying indoors out of the cold, and off the slick roads is advised.

SATURDAY: Bitter cold with dangerous wind chills but dry day. Highs only reach single digits. Wind chills will remain from -15 to -25. Roads will remain slick in spots. Mostly cloudy skies are expected.

SUNDAY: One of the coldest Christmas days on record. We wake up around 5 with a high of only 14.

Wind chills will still range from -10 to -20 during the morning. We stay dry at least with some sunshine returning.

MONDAY: Scattered clouds. Cold again in the middle 20s. A weather disturbance may produce a few snow showers Monday afternoon. While precipitation looks light at this point, any snow that falls will stick with the cold temperatures.

TUESDAY: Still cold. A mix of sun and clouds with highs in the upper 20s.

WEDNESDAY: Partly cloudy and chilly. The warming trend begins. Highs in the around 40.

THURSDAY: Mostly cloudy with a passing rain shower possible especially late in the day or at night. It will be a milder day with a high around 50 degrees.

FRIDAY: A few passing showers are still possible otherwise mostly cloudy and mild. Highs in the lower to middle 40s.



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EA’s CEO Seems Pretty Chill About Losing The FIFA Licence

Image: EA Sports

Electronic Arts CEO Andrew Wilson has reportedly told staff that he feels the publisher might actually be better off losing the FIFA licence.

EA and FIFA have been partners for 30 years, but that relationship is in jeopardy as the pair cannot seem to agree on renewing the long-term deal.

As we covered a while back, a New York Times report claimed that negotiations between the two companies had stalled, with the sticking points being EA’s demands for wider-reaching rights and FIFA’s desire to double the current payment to $2.5 billion over the next decade. FIFA claims that the cost should go up as the revenue EA generates from the licence has scaled dramatically as microtransactions have become more popular.

Shortly after the New York Times report surfaced in October, Wilson held an internal company meeting to explain EA’s position. Details of that meeting have been shared with VGC.

When asked in the meeting why EA would even consider ending the deal with FIFA, Wilson said:

I’m going to be more open… more open than I’ve been with the outside world. We’ve had a great relationship with FIFA over the past 30-odd years. We’ve created billions in value… it’s just huge. We’ve created one of the biggest entertainment properties on the planet.

I would argue – and this may be a little biased – that the FIFA brand has more meaning as a video game than it does a governing body of soccer. We don’t take that for granted and we try not to be arrogant. We’ve worked really hard to try and make FIFA understand what we need for the future.

Basically, what we get from FIFA in a non-World Cup year is the four letters on the front of the box, in a world where most people don’t even see the box anymore because they buy the game digitally.

In a World Cup year of course, we get access to the World Cup, but in the broader context of global football on an annualised basis, the World Cup is important but it’s not the most important. We have 300 other licences that give us the content that our players engage with the most and the most deeply.

Wilson even went as far as to claim that the FIFA licence has actually held back EA’s ambitions for its video game series:

As we’ve looked to the future we want to grow the franchise, and ironically the FIFA licence has actually been an impediment to that.

Our players tell us they want more cultural and commercial brands relevant to them in their markets, more deeply embedded in the game… brands like Nike. But because FIFA has a relationship with Adidas, we are not able to do that.

Our players tell us they want more modes of play, different things beyond 11v11 and different types of gameplay. I would tell you, it’s been a fight to get FIFA to acknowledge the types of things that we want to create, because they say our licence only covers certain categories.

Our players want us to expand into the digital ecosystem more broadly… our fans are telling us they want us to go and participate in that space.

Our FIFA licence has actually precluded us from doing a lot of this stuff. Again, FIFA is just the name on the box, but they’ve precluded our ability to be able to branch into the areas that players want.

Our players are telling us they want us to move really quick: ‘we want you guys doing stuff fast’. And in order to do that, we need a level of freedom to be truly creative, innovative and experiment in the marketplace.

Because of the nature of the approval timetables and the various things around our FIFA licence, that’s actually been really hard and we’re moving much slower than we want.

He adds that EA won’t be held to ransom when it comes to the amount of money FIFA is expecting to be paid for the rights:

I had a conversation with [FIFA president] Gianni Infantino just a couple of weeks ago where I said, ‘listen, the money’s a thing: we don’t want to pay more money than this licence is worth. But it’s not about that, it’s really about our ability to deliver games and experiences that our fans want, in a timely fashion’.

Wilson does state that EA is keen to continue the relationship and is making every effort – but, if it doesn’t happen, it might actually be better for the company and its fanbase:

At the end of the day, I don’t know if we’re going to get there. And ironically, if we don’t, and we’re able to rebrand our game and take control of this global football ecosystem that we’re going to build, ironically we’ll probably generate more revenue, and have more fans, and have more engagement over time.

Because we’ll be able to work with more partners, we’ll be able to build more modes of play, we’ll be able to expand more deeply and broadly into the digital ecosystems around the fabric of football, and more than anything we’ll be able to move really, really fast.

We’re going to work through this, we’re going to be thoughtful and we want to be good partners with FIFA, but I wouldn’t be surprised if we ultimately move in a different direction. At the end of the day, I think that might even be better for our gamers than continuing with those four letters on the box.

Should negotiations fail, it could be that the upcoming FIFA 23 will be the final game in EA’s line to have the FIFA brand on the box. The 10-year deal expires after the World Cup, which takes place in Qatar later this year.

EA has already pointed out that, should it lose the licence, it will retain all of the other league, player and stadium licences it already has in place. FIFA responded with its own statement, claiming that it was open to working with other video game companies should the deal not be renewed.

EA has filed multiple trademark applications for ‘EA Sports FC’, a potential replacement name for the series.



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China coal prices hit record highs, early winter chill adds to energy woes

Fishermen sail a boat past a power plant of the State Development and Investment Corporation (SDIC) outside Tianjin, China, October 14, 2021. REUTERS/Thomas Peter

  • China thermal coal prices hit record high
  • Power reform comes into effect
  • Cold winds from north sweeps central and east China
  • China’s Met Office forecasts sharp drops in temperatures

BEIJING, Oct 15 (Reuters) – China’s energy crisis deepened on Friday as cold weather swept into much of the country and power plants scrambled to stock up on coal, sending prices of the fuel to record highs.

Electricity demand to heat homes and offices is expected to soar this week as strong cold winds move down from northern China. Forecasters predict average temperatures in some central and eastern regions could fall by as much as 16 degrees Celsius in the next 2-3 days.

Shortages of coal, high fuel prices and booming post-pandemic industrial demand have sparked widespread power shortages in the world’s second-largest economy. Rationing has already been in place in at least 17 of mainland China’s more than 30 regions
since September, forcing some factories to suspend production and disrupting supply chains.

The most-active January Zhengzhou thermal coal futures hit a record high of 1,669.40 yuan ($259.42) per tonne early on Friday. The contract has risen more than 200% year to date.

The three northeastern provinces of Jilin, Heilongjiang and Liaoning – among the worst hit by the power shortages last month – and several regions in northern China including Inner Mongolia and Gansu have started winter heating, which is mainly fuelled by coal, to cope with the colder-than-normal weather.

Beijing has taken a slew of measures to contain coal price rises including raising domestic coal output and cutting power to power-hungry industries and some factories during periods of peak demand. It has repeatedly assured users that energy supplies will be secured for the winter heating season. B9N2QE019 read more

But power shortages are expected to continue into early next year, with analysts and traders forecasting a 12% drop in industrial power consumption in the fourth quarter as coal supplies fall short and local governments give priority to residential users.

Reuters Graphics

Earlier this week, China in its boldest step in a decades-long power sector reform said it would allow coal-fired power prices to fluctuate by up to 20% from base levels from Oct. 15, enabling power plants to pass on more of the high costs of generation to commercial and industrial end-users. read more

Steel, aluminium, cement and chemical producers are expected to face higher and more volatile power costs under the new policy, pressuring profit margins. Data on Thursday showed factory-gate inflation in September hit a record high. read more

Temperatures in northern China dip below normal, boosting heating demand amid power pinch

China aims to be “carbon neutral” by 2060 and Beijing has been trying to reduce its reliance on polluting coal power in favour of cleaner wind, solar and hydro. But coal is expected to provide the bulk of its electricity needs for some time.

China is not the only nation struggling with power supplies, which has led to fuel shortages and blackouts in some countries. The crisis has highlighted the difficulty in cutting the global economy’s dependency on fossil fuels as world leaders seek to revive efforts to tackle climate change at talks next month in Glasgow.

China will strive to achieve carbon peaks by 2030, Vice Premier Han Zheng said in a video message at the Russian Energy Week International Forum, according to state-run news agency Xinhua late on Thursday.

He also said that China and Russia are important forces leading the energy transition and they should cooperate and ensure smooth progress of major oil and gas pipeline and nuclear power projects.

($1 = 6.4351 Chinese yuan renminbi)

Reporting Shivani Singh in Beijing; additional reporting by Aizhu Chen, Muyu Xu and Beijing newsroom; Editing by Kim Coghill

Our Standards: The Thomson Reuters Trust Principles.

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Watt brothers carve outdoor ice bath, share photos of chill experience

Former Houston Texans defensive end J.J. Watt apparently needed some time to cool off amid an eventful week that began when the NFL star announced Monday he would be joining the Arizona Cardinals.

The three-time NFL Defensive Player of the Year reunited with his brothers T.J. Watt and Derek Watt — both of the Pittsburgh Steelers — as the trio partially submerged themselves in an outdoor makeshift ice bath, which they carved into a frozen body of water.

The brothers, who grew up in Wisconsin, appeared unphased by the likely frigid temperatures in photos they posted on Twitter on Thursday of the unique post-workout recovery method.

CARDINALS’ JJ WATT IN AWE OF PAT TILLMAN UPON ARRIVAL TO TEAM

J.J. Watt said they originally tried to use a chainsaw to create the recovery bath. When that didn’t work, they ended up using shovels and sheer manpower to open up a hole in the ice.

“This is so Wisconsin,” wrote the official Twitter account for the Washington Badgers football team. All three brothers played football for the Big Ten university.

Former Houston Texans defensive end J.J. Watt (99) celebrates during the second half of an NFL wild-card playoff football game against the Buffalo Bills in Houston, on Jan. 4, 2020. (Associated Press)

Users on social media were quick to react to the photos.

“I’m from Wisconsin and I’ve never seen anybody do this! Those Watt boys are nuts!” one user replied

CARDINALS’ JJ WATT REVEALS THE ‘ONE THING’ HE WANTS FOR TEXANS’ DESHAUN WATSON

“Yikes!! How long did you make it in the cold water before hopping out??” another asked.

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“You literally could’ve done this in Buffalo,” another user responded, apparently upset that Watt decided to join the Cardinals instead of the Buffalo Bills.



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Oil drops as investors gauge big chill impact on US refineries, OPEC+ output rise

Oil prices slid by up to 2% in early trade on Friday, adding to overnight declines, on worries that refineries will take time to resume operations after the big freeze in the U.S. South, creating a gap in demand, while OPEC+ supplies were expected to rise.

“The market was ripe for a correction and signs of the power and overall energy situation starting to normalize in Texas provided the necessary trigger,” said Vandana Hari, energy analyst at Vanda Insights.

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U.S. West Texas Intermediate (WTI) crude futures fell $1.14, or 1.9%, to $59.38 a barrel at 0421 GMT, after declining 1% on Thursday.

Brent crude futures dropped $1.03, or 1.6%, to $62.90 a barrel, after declining 0.6% on Thursday.

Both benchmark contracts rallied to 13-month highs on Thursday driven by the historic freeze in U.S. southern states. While analysts estimate the extreme cold has shut in as much as one-third of U.S. crude production, attention has now turned to the impact on refiners.

The lack of demand from Texan refiners will likely lead to builds in crude stocks over coming weeks, even though around 3.5 million barrels per day (bpd) of U.S. oil output has been shut, ANZ Research said in a note.

TEXAS BLACKOUTS WAKE-UP CALL FOR AMERICA’S ENERGY CAPITAL

Citi analysts said in a note that some U.S. refineries might bring forward about 500,000 bpd of maintenance work normally scheduled for the spring over next month, ahead of the summer driving season.

The front-month WTI price curve dipped into a shallow contango  as low as minus 4 cents on Friday, a market structure in which near-month barrels are cheaper than those in later months, implying current oversupply.

“The small contango…likely signals market expectations for U.S. crude production and supply (including imports) to recover faster than the refining capacity shuttered in Texas by the deep freeze,” said Hari.

U.S. crude stockpiles fell more than expected in the week to Feb. 12, before the freeze, with inventories down by 7.3 million barrels to 461.8 million barrels, their lowest since March, the Energy Information Administration reported on Thursday.

CAROLINAS COULD SEE 1M POWER OUTAGES

Attention is also turning to a looming increase in crude oil supplies from Organization of the Petroleum Exporting Countries and allies, known as OPEC+.

OPEC+ sources told Reuters the group’s producers are likely to ease curbs on supply after April given the recovery in prices.

The United States on Thursday said it was ready to talk to Iran about both nations returning to a 2015 agreement that aimed to prevent Tehran from acquiring nuclear weapons.

While the thawing relations could raise the prospect of reversing sanctions imposed by Trump, analysts did not expect Iranian oil sanctions to be lifted anytime soon.

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“It’s going to be a long road,” said Hari referring to the U.S.-Iran negotiations.

(Reporting by Roslan Khasawneh in Singapore and Sonali Paul in Melbourne; Editing by Tom Hogue & Simon Cameron-Moore)

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Tessica Brown Will Chill on Valentine’s Day After Gorilla Glue Hair Saga

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