Louis Gossett Jr., the first black man to win a supporting actor Oscar and an Emmy winner for his role in the television miniseries “Roots,” has died. He was 87 years old.Neil Gossett, Gossett's first cousin, told The Associated Press that the actor died in Santa Monica, California. A statement from the family said Gossett died Friday morning. The cause of death was not revealed.Gossett's cousin remembered the man who walked with Nelson Mandela and who also told a great joke, a relative who faced racism and fought it with dignity and good humour.”Never mind the awards, never mind the…
Author: ricardofrancois
Good morning. It's Friday, March 29th. Here's what you need to know to start your day. the news Start your day right Sign up for Essential California to get news, features and recommendations from the LA Times and beyond in your inbox six days a week. Enter your email address Involve me You may occasionally receive promotional content from the Los Angeles Times. California intends to attract insurers again with flexible policies California's homeowners insurance crisis worsened last week when State Farm General Insurance announced it would not renew 72,000 homeowners' insurance policies statewide. These policies are scheduled to be…
Inflation rose in line with expectations in February, likely keeping the Fed on hold before it can begin considering interest rate cuts, according to a measure the central bank considers a more important measure.The Commerce Department reported Friday that the personal consumption expenditures price index excluding food and energy rose 2.8% on a 12-month basis and rose 0.3% from the previous month. Both numbers match Dow Jones estimates.Including volatile food and energy costs, the headline PCE reading showed an increase of 0.3% for the month and 2.5% for the 12-month average, compared with estimates of 0.4% and 2.5%.Stock and bond…
The future of StabilityAI, once considered among the world's most promising AI startups, is in doubt following the chaotic departure of its founder and concerns that it will struggle to turn a profit. Imad Mushtaq resigned last week from his position as CEO of the London-based group behind Stable Diffusion, an AI model that can generate images from simple written prompts, with its app downloaded more than 150 million times.The three-year-old company was valued at $1 billion in August 2022, following a $101 million funding round led by top US technology investors Coatue and Lightspeed Venture Partners. The deal puts…
A Tesla vehicle drives past an electric vehicle (EV) maker's store in Beijing, China on January 4, 2024. Florence Lou | ReutersIt's been a brutal first quarter for Tesla Investors.The electric car maker's shares fell 29% in the first three months of the year, the stock's worst quarter since the end of 2022 and the third-worst quarter since Tesla went public in 2010. It was also the biggest loser in the S&P 500. .One of the biggest concerns on Wall Street is Tesla's core business. The company is preparing to report first-quarter vehicle production and deliveries in the coming days,…
[The stream is slated to start at 8:15 a.m. ET. Please refresh the page if you do not see a player above at that time.]On Friday, the Commerce Department will release the February reading of the Personal Consumption Expenditures Price Index, which the Federal Reserve considers the most important measure of inflation.CNBC TV will have special coverage starting at 8:15 a.m. ET that you can only watch here. PCE data will be released at 8:30 a.m. ET.CNBC will break down the numbers and what they mean for markets on Monday. US financial markets are closed on Friday for Good Friday.Excluding…
This article is an on-site version of our Moral Money newsletter. Sign up here to get the newsletter sent directly to your inbox.Visit our Moral Money hub for the latest ESG news, views and analysis from across the Financial Times One thing to start with: Don't miss the Ethical Money Forum's latest in-depth report, in which Sarah Murray examines what a responsible approach to AI in business and finance looks like, and how executives are trying to take AI risks seriously.In today's newsletter, I spoke to the author of a new book that made waves by asking whether liberalized energy…
Here's something California beachgoers may not know: When great white sharks come within about 100 yards of some state beaches, lifeguards receive a text alert.A program at Cal State Long Beach developed this unique system about six years ago, and has since tagged hundreds of small white sharks for monitoring.But the program is at risk of closing after government funding runs out. The Shark Lab at Cal State Long Beach initially received $3.75 million in state funding in 2018 to create the program, which tracks small white sharks along the California coast, with researchers hoping the monitoring will increase safety…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.Are you frustrated that Bitcoin is not available for purchase through UK-based institutional investors? Would you buy it if it were, or would you stay away from it? As of this year, US investors can now purchase Bitcoin via highly regulated products offered by reputable financial groups, rather than having to purchase Bitcoin directly from offshore cryptocurrency exchanges. However, unlike the US, UK regulators have not approved Bitcoin exchange-traded funds, and believe that cryptocurrency derivatives are “unsuitable” for retail consumers. UK investors…
Stay informed with free updatesSimply subscribe to myFT Digest for Real Estate – delivered straight to your inbox.Mortgage brokers have welcomed an “innovative” home loan aimed at first-time buyers, which requires a deposit of just £5,000 for homes worth up to £500,000.The mortgage, launched this week by Accord, an arm of Yorkshire Building Society, is aimed at those looking to buy a first home but struggling to come up with a deposit. A mortgage on a £5,000 deposit is a five-year fix with an interest rate of 5.99 per cent – which is more expensive than average five-year products which…