CNN BUSINESS | America to Wells Fargo: This is unacceptable

New York (CNN Business) – Federal regulators slapped Wells Fargo with yet another fine for failing to move fast enough to compensate customers who were victims of the bank’s “unsafe or unsound” practices.`

The Office of the Comptroller of the Currency, the banking regulator within the Treasury Department, told the scandal-plagued bank it must pay $250 million because it couldn’t -— or wouldn’t — make good on its promises. The punishment stems from a 2018 order that found problems with the bank’s auto and home lending operations, including insufficient risk-management practices and improper fines imposed on customers.  —read more— 

CNN style Fashion | New York Fashion Week: Highlights from the Spring-Summer 2022 shows

New York Fashion Week is back, with designers Christian Siriano, Brandon Maxwell and Gabriela Hearst among those showcasing their Spring-Summer 2022 collections.

Covid-19 restrictions forced recent editions online, but the majority of this season’s shows will take place in-person. Attendees will, however, be required to show proof of vaccination, according to organizers.

Although several labels have nonetheless stuck with virtual showcases, others are opting for the grandest of real-world locations: Ulla Johnson is taking over the Brooklyn Botanic Garden and LaQuan Smith is hosting his show at an American landmark, the Empire State Building.  —read more— 

CNN style Arts | Vermeer’s ‘hidden’ Cupid is the enigmatic artist’s latest mystery

For around three centuries, the girl reading a letter in the dimly-lit solitude of a Johannes Vermeer painting gave no indication of what the message contained.

Facing an open window, her figure gently curved as she scanned the note in her hands, her body appeared slight against the vacant wall behind her. But last week, the Gemäldegalerie Alte Meister in Dresden, Germany, where she’s been housed for most of her long life, has finally unveiled an amorous secret, hidden long ago beneath layers of paint.  —read more— 

CNN entertainment | Beyoncé and Jay-Z team with Tiffany & Co. for HBCU scholarships

(CNN) – The Carters are bringing some love to five historically Black colleges and universities (HBCUs)

Following the launch of their “About Love” campaign, it’s been announced that Beyoncé and Jay-Z have partnered with Tiffany & Co. for the Love Scholarship program via BeyGOOD and the Shawn Carter Foundation.  —read more—

CNN politics | Biden administration says solar energy has the potential to power 40% of US electricity by 2035

(CNN) – A new report from the US Department of Energy shows that solar energy could play a massive role in transitioning the United States’ power sector to clean energy.

The new DOE Solar Futures Study, released Wednesday, shows that by 2035, solar energy has the potential to power 40% of the nation’s electricity and create up to 1.5 million jobs — without raising electricity costs for consumers.

“The study illuminates the fact that solar, our cheapest and fastest-growing source of clean energy, could produce enough electricity to power all of the homes in the US by 2035 and employ as many as 1.5 million people in the process,” said Secretary of Energy Jennifer M. Granholm.  —read more—

CNN BUSINESS | Wall Street’s hottest investor is betting big on a handful of stocks. Critics say she’s playing with fire

New York (CNN Business) – At a time when many investors are content to follow the crowd and buy top techs like Apple, Amazon and Microsoft, Cathie Wood is looking for the next big innovators in buzzy fields like robotics, fintech and space exploration.

It’s a high-flying, high-risk, high-reward tier of investing. And it’s put Wood’s fans on a white-knuckle ride in 2021.

Last year, Wood’s strategy paid huge dividends for investors in her flagship Ark Innovation (ARKK) exchange-traded fund. It surged nearly 150% in 2020 and helped turn her into a Wall Street superstar — sort of the Warren Buffett of momentum investing.  —read more—  

CNN style Architecture | Plans for $400-billion new city in the American desert unveiled

The cleanliness of Tokyo, the diversity of New York and the social services of Stockholm: Billionaire Marc Lore has outlined his vision for a 5-million-person “new city in America” and appointed a world-famous architect to design it.

Now, he just needs somewhere to build it — and $400 billion in funding.

The former Walmart executive last week unveiled plans for Telosa, a sustainable metropolis that he hopes to create, from scratch, in the American desert. The ambitious 150,000-acre proposal promises eco-friendly architecture, sustainable energy production and a purportedly drought-resistant water system. A so-called “15-minute city design” will allow residents to access their workplaces, schools and amenities within a quarter-hour commute of their homes.  —read more— 

CNN health | How to fix your job so that you love it, in three steps

(CNN) – Our work-life balance has, to borrow a term we all learned in the 2020 Olympics, been feeling “the twisties” during the pandemic. So many of had to adapt to working from home, adjustments and accommodations, mass layoffs, career pivots and rehiring.

Even if you managed to keep your job, it likely changed in some significant way. And change doesn’t always mean for the better.

Even before Covid-19, more than half of Americans found their job unsatisfactory, according to an annual survey by the Conference Board research group. The nation had been hovering around the halfway mark of job dissatisfaction since at least 2000.  —read more— 

F1 | Verstappen sends home fans wild with victory over Hamilton amid party atmosphere at the Dutch GP

Max Verstappen has moved back to the head of the drivers’ standings, after winning the Dutch Grand Prix at Zandvoort over title rival Lewis Hamilton, sending his home fans into ecstasy, as the second Mercedes of Valtteri Bottas completed the podium.

In the first Dutch Grand Prix since 1985, Verstappen led away from pole, keeping Hamilton at bay throughout the 72-lap encounter around the sweeping Zandvoort track, to bring home his seventh win of the season, as Hamilton had to settle for second, the seven-time champion stopping with two laps to go for softs.Bottas was a comfortable third, despite his own late stop for soft tyres, with Bottas appearing to then ignore team orders not to attempt to take the fastest lap bonus point away from Hamilton – only for Hamilton to claim it anyway on the final lap.  —read more— 

CNN | West Point will unveil a statue honoring a group of Black soldiers

(CNN) – After years of fundraising, the US Military Academy at West Point will finally unveil a new monument dedicated to the Buffalo Soldiers, a group of Black soldiers who played a key role in the westward expansion of the United States.

The monument — a 10-foot-tall bronze statue depicting a Buffalo Soldier on a horse — has already been installed at the military academy, but will not be officially unveiled until a ceremony on September 10.”These Soldiers embodied the West Point motto of Duty, Honor, Country and ideals of the Army Ethic,” said US Military Academy 60th Superintendent, Lt. Gen. Darryl A. Williams in a statement. “This monument will ensure that the legacy of Buffalo Soldiers is enduringly revered, honored and celebrated while serving as an inspiration for the next generations of cadets.”  —read more—