All posts tagged: retreats

CFTC retreats from Gemini Bitcoin futures enforcement case amid controversy

CFTC retreats from Gemini Bitcoin futures enforcement case amid controversy

The Commodity Futures Trading Commission (CFTC) and Gemini Trust Company are now jointly asking a federal court to unwind key parts of a 2025 consent order tied to a yearslong enforcement fight over Bitcoin futures products. A filing submitted Wednesday (May 27) in the Southern District of New York represents a striking reversal for the agency. The CFTC now says the original case against Gemini never should have moved forward under current enforcement standards for digital asset matters. .@CFTC Joins Gemini Trust Company LLC in Motion for Relief from Judgment: https://t.co/NPQoQhxzly — CFTC (@CFTC) May 27, 2026 “Following President Donald J. Trump’s Executive Order,” the filing states, “multiple U.S. agencies implemented a host of changes, including modifying enforcement approaches and standards for cases involving digital assets.” The agency said it later completed “a comprehensive review of the evidence and charging decision” and concluded “that the Complaint would not have been filed under the agency’s current standards.” The filing also says enforcement staff “resorted to inappropriate tactics in order to bring this case.” Internal disagreements surface …

Japan’s Nikkei retreats from record high as AI rally sparks caution

Japan’s Nikkei retreats from record high as AI rally sparks caution

TOKYO, May 27 : Japan’s Nikkei share average retreated from a record peak to end nearly flat on Wednesday, as investor caution grew about the fast-paced rally in AI-related stocks. The Nikkei closed at 64,999.41, after rising as much as 2.2 per cent earlier in the session to hit a record intraday high of 66,428.81. The broader Topix fell 0.52 per cent to 3,918.01. Shares of chipmaking equipment maker Tokyo Electron and chip-testing equipment maker Advantest ended up 2.1 per cent and 4.05 per cent, respectively, making them the biggest contributors to the Nikkei. “Caution emerged for the high-pitched rally. The market sold AI-related shares that have gained in the latest sessions,” said Shunichi Otsuka, general manager at the research and strategy department at Ichiyoshi Securities. Uniqlo-brand owner Fast Retailing rose 3.06 per cent. SoftBank Group slid 7.26 per cent, weighing most on the Nikkei and marking the index’s biggest percentage loss. The technology investor’s shares are still up 7.62 per cent so far this week, outpacing the Nikkei’s 2.62 per cent gain. Fibre-optic cable …

Honda retreats to hybrids after failed EV bet triggers  billion loss

Honda retreats to hybrids after failed EV bet triggers $9 billion loss

Honda is waving the white flag. The Japanese automaker previewed two new hybrids set to launch by 2028 after taking an over $9 billion hit over its failed EV bet, leading to its biggest loss in company history. Honda turns to hybrids after EV pullback proves costly Honda admitted it was “unable to deliver products that offer value for money better than that of new EV manufacturers, resulting in a decline in competitiveness,” after suddenly announcing plans to cancel three new EVs in the US in March, warning restructuring costs could reach 2.5 trillion yen ($15.7 billion). After posting its first annual loss since it became a publicly traded company in 1957 on Thursday, Honda’s CEO Toshihiro Mibe revealed the company’s comeback plans. Honda is no longer planning to phase out gas-powered vehicles by 2040. Instead, Honda now aims “to achieve carbon neutrality by 2050,” including a mix of EVs, hybrids, carbon-neutral fuels, and carbon-offset tech. Advertisement – scroll for more content Starting next year, Honda plans to begin introducing its next-gen hybrids, underpinned by …

GM suspends next-gen electric truck indefinitely as it retreats to gas

GM suspends next-gen electric truck indefinitely as it retreats to gas

General Motors has indefinitely suspended plans to refresh its full-size electric truck and SUV lineup, putting the future of the Chevrolet Silverado EV, GMC Sierra EV, Hummer EV, and Cadillac Escalade IQ in limbo beyond the current generation. The move marks yet another retreat from GM’s once-ambitious electric vehicle strategy, as the automaker doubles down on gas-powered trucks instead. GM shelves 2028 electric truck refresh According to a report from Crain’s Detroit Business, GM was planning to update its full-size electric lineup in 2028, including introducing lower-cost variants of several models to expand market share. Those plans have now been delayed indefinitely. When asked about the decision, GM declined to elaborate, stating only that it has “not disclosed any potential plans or timing for any next-generation battery electric trucks” and that it would not “engage in speculation.” Advertisement – scroll for more content The news comes on the heels of a brutal stretch for GM’s EV division. The automaker recorded $7.6 billion in EV-related charges during 2025, including a $6 billion writedown tied to scrapping …

Psychedelic retreats linked to mental health improvements in people with severe childhood trauma

Psychedelic retreats linked to mental health improvements in people with severe childhood trauma

People who have a history of severe early childhood trauma may experience marked improvements in their mental health following the use of psychedelic drugs in a ceremonial setting. A new observational study published in Psychedelic Medicine found that individuals who reported more adverse events during their early years showed greater reductions in anxiety and larger boosts in overall well-being after attending psychedelic retreats compared to those with fewer childhood traumas. These results suggest that guided psychedelic experiences could provide a novel approach for helping individuals with deep psychological wounds. Adverse childhood experiences encompass a wide range of stressful early life events that happen before a person turns eighteen. These events are generally divided into two broad categories. The first includes direct childhood maltreatment, such as physical abuse, emotional abuse, and extreme neglect. The second category involves household dysfunction, which can include growing up with family members who struggle with severe mental illness, substance abuse, domestic violence, or criminal behavior. The impact of these early adverse experiences often persists long into adulthood, leading to poor physical …

Trump’s Cabinet retreats behind military gates

Trump’s Cabinet retreats behind military gates

Cabinet members have traditionally lived in the wealthy enclaves of Washington, D.C., or Northern Virginia. But instead of choosing homes in Georgetown, Kalorama, McLean or Great Falls, some officials in Donald Trump‘s Cabinet and among his White House staff — including Secretary of State Marco Rubio, Defense Secretary Pete Hegseth, Attorney General Pam Bondi and former Secretary of Homeland Security Kristi Noem — are living in secure military housing, citing safety concerns. In doing so, they are embracing the literal architecture of authoritarianism. The security concerns are very real. According to a recent study, violent online rhetoric against prominent public officials in the U.S. increased dramatically between 2021 and 2025. But for most, if not all of American history, senior government officials accepted the personal risk as part of the job. The symbolism of living among their fellow Americans mattered. It is a damning indictment of the Trump administration that its policies are so unpopular and have caused so much pain and anger among the American people that senior officials are hiding from them. By placing …

Meta Retreats from the Metaverse

Meta Retreats from the Metaverse

In 2021, Mark Zuckerberg changed his company’s name from Facebook to Meta. He also announced his ambitious plans to throw billions into formulating a coherent “metaverse,” a virtual reality accessed through futuristic-looking headsets. This year, the tech giant is backtracking from their lofty vision of transferring all of life online. What began as a utopian promise of escape to a digital Eden is now what many predicted it would be all along: A failed experiment. While initially it was reported that Meta was entirely cancelling the metaverse, the company clarified that it will still exist but will be limited in its scope. Aaron Mak reports at Politico, Meta cut 10 percent of its Reality Labs workforce in January, and the division has seen more than $70 billion cumulative losses since late 2020. Meta also informed users on Tuesday that they would no longer be able to access its marquee Horizon Worlds metaverse platform with the company’s Quest VR headsets after June 15. The company then partially walked back the announcement on Wednesday, clarifying that the headsets will support certain Horizon Worlds …

The long history of silent meditation retreats and the individuals who helped shape them

The long history of silent meditation retreats and the individuals who helped shape them

(The Conversation) — Silent retreats have become increasingly common in the United States in recent years. To calm down and reset their nervous systems, people relinquish their phones and reading materials and commit to speaking at a bare minimum to learn practices of self-awareness. Silent meditation and silent prayer have shaped spiritual lives within a variety of religious traditions for thousands of years. Today, however, those practices are often being offered in secular settings. One particular form of meditative silence, the 10-day mindfulness retreat, has had an outsized impact. Research I have carried out over the past two decades sheds light on the role of the Burmese meditation master Sayagyi U Ba Khin in popularizing mindfulness meditation. The term “sayagyi” means “respected teacher.” Sayagyi U Ba Khin at his meditation center in Rangoon in 1961.Pariyatti Ba Khin was one of a small number of prominent Buddhist lay meditation teachers in late colonial and early postcolonial Burma. His silent, 10-day retreat became a model for a wide range of intensive meditation traditions. Three of Ba Khin’s …

David Beckham retreats from public view amid feud with son Brooklyn

David Beckham retreats from public view amid feud with son Brooklyn

Sir David Beckham is enjoying a quiet weekend away from public view, amid the ongoing family feud with his son, Brooklyn Peltz Beckham. The former England footballer, 50, took to Instagram on Sunday to share a selfie with two of his dogs.  “Misty Sunday morning with these 2 @victoriabeckham hope you’re enjoying your hot chocolate and lie in,” the star penned, captioning the selfie which saw him out on a walk while wearing a checked wool jacket and flat cap.  © InstagramDavid revealed his quiet weekend plans in the Cotswolds David seemed to head out near his Cotswolds home. The co-owner of Inter Miami CF and his fashion designer wife own a £12 million 14,270-square-foot estate in Great Tew, Oxfordshire, where they enjoy time away from prying eyes. The Beckhams step out in Paris The father-of-four’s quiet weekend comes after a display of unity by himself, Victoria, and their youngest three children, Romeo, 23, Cruz, 20, and Harper, 14, in Paris. The family stepped out on 26 January amid Paris Couture Fashion Week to watch Victoria …

Do writing retreats actually work? Reader, I finished my novel in style … | United Kingdom holidays

Do writing retreats actually work? Reader, I finished my novel in style … | United Kingdom holidays

The idea for my novel came in a rush: as I walked over the Thames on the Golden Jubilee Bridge in central London, the scene at the heart of it leapt out of the deep blue dusk and clung on to me until I committed to writing it into existence. The Guardian’s journalism is independent. We will earn a commission if you buy something through an affiliate link. Learn more. A few months later, it became depressingly clear that the half-hour snatches of writing at the end of my working day just weren’t going to get me over the finish line. And so I entered the world of the writing retreat. More than simply a place to write, the best are spaces that can rejuvenate even the most frazzled and blocked writers. The first retreat I went on was self-guided: three very solitary nights in a converted chapel in Llanfrynach village, near Abergavenny, in the foothills of Bannau Brycheiniog (Brecon Beacons). Dylan Thomas was definitely on to something with his love of walking, and Wales meets a writer’s …