Newsletter Sep 14, 2023

Quick Six

Musk, Zuckerberg among tech moguls to visit Capitol Hill
Big tech bigwigs including Elon Musk and Mark Zuckerberg traveled to Capitol Hill on Wednesday to share their plans for artificial intelligence as the US prepares to draw up legislation to control the technology. Sen. Chuck Schumer has planned a series of so-called AI Innovation forums, closed door meetings where lawmakers can quiz tech leaders about the technology that has taken the world by storm since the release of ChatGPT last year.
SEE WHAT MUSK AND ZUCKERBERG TOLD LAWMAKERS

Consumer inflation rose in August, led by rising gas prices
US consumer inflation rose in August for a second month in a row, according to government data released Wednesday, putting the heat on policymakers as they work to lower prices. The consumer price index (CPI) jumped 3.7% from a year ago, picking up pace from July's 3.2% figure. The report is expected to have a serious bearing on the Fed's interest rate decision released next week.
HOW RISING GASOLINE PRICES ARE DRIVING INFLATION

Starbucks officially bids farewell to longtime CEO Schultz
Starbucks said Wednesday its former chief executive Howard Schultz will step down from the coffee chain's board of directors "as part of a planned transition." Schultz, who ended his third stint as CEO in March, helped the brand go from a small coffee shop into an international chain. Starbucks also announced that Wei Zhang has been elected to the board of directors effective Oct. 1.
HOW SCHULTZ'S LEADERSHIP TRANSFORMED STARBUCKS

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Markets

DJIA	34,575.53	-0.20%
S&P 500	4,467.44	0.12%
Nasdaq Composite	13,813.59	0.29%
Japan: Nikkei 225	32,706.52	-0.21%
UK: FTSE 100	7,525.99	-0.02%
Crude Oil Futures	88.77	0.28%
Gold Futures	1,930.40	-0.11%
Yen	147.32	-0.10%
Euro	1.07	0.01%
* As of market close

North Korea agrees to supply arms to Russia

North Korea's suspected plans to supply Russia with ammunition could allow Moscow to keep up its war effort in Ukraine but would fall short of a solid strategic alliance, experts say. Diplomatically isolated, President Vladimir Putin on Tuesday welcomed North Korean leader Kim Jong Un, with Washington warning the meeting could result in an arms deal especially for the artillery shells sorely needed by Moscow. Russia has ramped up domestic production to a forecast 2.5 million shells this year, from 1.7 million in 2022, the year it invaded neighboring Ukraine.

HOW NORTH KOREA'S ARMS COULD KEEP RUSSIA IN THE WAR

Earth deep in danger zone of its boundaries

Human activity has weakened Earth's resilience, pushing it far beyond the "safe operating space" that keeps the world livable for humans, a landmark study said Wednesday. Six of nine planetary boundaries -- climate change, biodiversity loss, deforestation, synthetic chemicals including plastics, freshwater depletion, and nitrogen use -- are already deep in the red zone, an international team of scientists reported. Two of the remaining three -- ocean acidification and the concentration of particle pollution and dust in the atmosphere -- are borderline red zone.

HOW HUMANS MUST ACT QUICKLY TO AVOID THE RED ZONE

Police capture escapee after two-week hunt

US police announced Wednesday the capture of a convicted Brazilian murderer who caught national attention with his daring prison escape and two weeks on the run. Over 500 Pennsylvania state police, using helicopters, drones, dogs and backed by special units, finally caught Danelo Cavalcante, 34, who showed uncanny ability to dodge capture. He evaded police in the Philadelphia area since his Aug. 31 escape.

HOW POLICE FINALLY CAPTURED THE ELUSIVE CAVALCANTE

Extra point

What was the longest manhunt in US history? Who was the target?

Wednesday's answer: In 1978, Columbia paid a record $9.5 million for the movie rights to the musical "Annie", which grossed $133.8 million.

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