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☆ Treasury yields pause for breath as traders digest strong jobs data
▼ + stars: | 2024-05-10 | by ( Katrina Bishop | ) www.cnbc.com time to read: +2 min

The 2-year Treasury yield, meanwhile, was marginally higher at 4.819%. U.S. Treasury yields were broadly flat early Friday as traders digested the jump in weekly jobless claims and what this could mean for interest rates. Relief at the auction outcome means traders are now firmly focused — once again — on the interest rate trajectory of the Federal Reserve. Weekly initial jobless claims, released Thursday, hit their highest level since August 2023, coming in at 231,000. It comes after the Bank of England on Thursday held interest rates as expected, but raised expectations of a cut in June.

Persons: —, Henry Allen, Treasurys, Dallas, Lorie Logan, Neel Kashkari, Goolsbee, Michelle Bowman Organizations: Treasury, U.S, Federal Reserve, Deutsche Bank, Bank of England Locations: U.S, Minneapolis

☆ 6 luxury brands, from Coach to Gucci, that have gotten into the restaurant game
▼ + stars: | 2024-05-07 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +5 min

Here are six luxury brands that have opened restaurants around the world. Gotham/GC Images/Getty ImagesCoachIn March, Coach opened its first-ever restaurant, called The Coach Restaurant, in Jakarta, Indonesia. The brand opened a second location in Tokyo in 2021, in its seven-story flagship in Ginza. Dior also has the Mediterranean restaurant Dior des Lices in Saint Tropez. At its Paris flagship, the French luxury fashion house has La Pâtisserie Dior and the restaurant Monsieur Dior.

Persons: —, Ralph Lauren, Ralph Lauren's, Z, Osmud Rahman, Rahman, what's, Jessica Chastain, Louis Vuitton, Café, Ginza . Louis Vuitton, Arnaud Donckele, Maxime Frédéric, Dior Dior, Dior, Monsieur Dior, Anne, Sophie Pic, Dominique Maître, Gucci Gucci, Gucci Osteria, Massimo Bottura, Tiffany, Daniel Boulud Organizations: Service, Business, Toronto Metropolitan University's School of Fashion, Canadian, Globe, Michigan, Polo, Polo Bar, New, New York, Ginza . Louis, Louis, Dior, Kansai International Airport, Dior des Lices, Paris, Michelin, Penske Media, Getty, Tiffany, Co, South, Harrods Locations: Chicago, millennials, New York City, York, Miami , Virginia, New York, Milan, Paris, Chengdu, China, Midtown, Jakarta, Indonesia, Jakarta's Grand, Osaka, Japan, Tokyo, Ginza ., Saint Tropez, Bangkok, Thailand, Europe, US, Asia, Seoul, Miami, Florence, Italy, Italian, Beverly Hills, The Florence, Tiffany, South Coast, Costa Mesa , California, London

Major corporations often don't want to seem like they're taking one side politically, so they either sponsor both conventions, or neither. Conventions could see new sponsorsThe Democratic and Republican conventions this summer are the first fully in-person conventions since the 2016 election. Democratic convention organizers in April said if corporations had any reluctance to back the RNC, it hasn't hampered Chicago's efforts to lure donors. Microsoft in 2012 contributed over $1.5 million in a mix of in-kind and cash contributions to the Republican convention. JPMorgan donated $200,000 to the 2012 Republican convention and didn't write a check for the 2016 event.

Persons: Donald Trump, Jon Cherry, Rashad Robinson, Robinson, —, Fiserv, Greg Goldner, Trump, Donald Trump's, aren't, they'll, Joe Biden, Trent Morse, Morse, they've, Alison Prange, Reince Priebus, Priebus, it's, Steve Kornacki's, Biden, Nancy Pelosi, Michelle Yeoh, Natalie Edelstein, Michael Sacks, Sacks, J.B . Pritzker, Barack Obama, Alex Hornbrook, There's, Taylor Swift, she's, Mitt Romney, Obama, didn't, General Motors Organizations: Christian Media, The Gaylord, Center, Getty, Republican National Convention, Republican, NBC News, Trump, Fiserv Inc, Democratic, Fiserv, RNC, Resolute Consulting, GOP, Corporations, Fortune, Milwaukee Journal Sentinel, Democrats, White House, Milwaukee, NBC, Wall, Republican National Committee, Wall Street, Biden, TV, Kentucky Derby, Street Journal, Northwestern Mutual, Wisconsin Fortune, Democratic National Convention, WEC Energy Group, Manpower Group, Conventions, Metropolitan Milwaukee Association of Commerce, DNC, Convention, Chicago, Longtime Democratic, Illinois Gov, White, Correspondents, Commission, Facebook, Google, Microsoft, Bank of America, FEC, Meta, Skype, CNBC, JPMorgan Chase, Walmart, JPMorgan, General Motors, General, Motors, Comcast, Press, Trade Locations: Nashville , Tennessee, Milwaukee, Wisconsin, America, Chicago, NBCUniversal, Philadelphia

☆ I make over $2,500 a month from focus groups. Here's how I decide which ones are worth my time and how to find the highest-paying ones.
▼ + stars: | 2024-04-29 | by ( Jane Zhang | ) www.businessinsider.com time to read: +10 min

I then created my own business, teaching others how to make money from focus groups. I noticed that I was consistently bringing in $2,000 to $3,000 a month from focus groups alone, so I eventually transitioned to concentrate solely on doing focus groups. AdvertisementLast month, in March, I participated in 18 focus groups for a total of $2,770 or an average of $154 per focus group. The best free ways to find focus groups are by searching "focus groups near me" or "taste tests near me" on Google, Craigslist, and social media. They were reputable companies with a huge volume of focus groups, so things probably slipped through the cracks.

Persons: Filipe, —, I've, he's, Burger King, Chase, you'll, haven't, Chicago, Jane Zhang Organizations: Service, PayPal, Apple, Google, Facebook, Craigslist Locations: Texas, Chicago, Chicago's, North, janezhang@businessinsider.com

☆ 60 famous foods to try in your lifetime
▼ + stars: | 2024-04-29 | by ( Darcy Schild | Erin Mcdowell | ) www.businessinsider.com time to read: +1 min

Every corner of the world is packed with famous eateries and must-try foods. From Maine lobster rolls to New York bagels, these famous foods should be on everyone's bucket list. AdvertisementFrom Maine lobster rolls to New York bagels, these iconic eats should be on every foodie's bucket list. Insider compiled a list of the most famous foods from around the world in order to determine the top 60 foods everyone should try at least once in their lifetime. Here are 60 famous foods to try in your lifetime.

Persons: — Organizations: Michelin, Service Locations: Maine, New York

☆ John Deere is hiring a CTO — that's Chief Tractor Officer — to help launch its TikTok channel
▼ + stars: | 2024-04-17 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

John Deere is looking for a different kind of CTO — a Chief Tractor Officer. The winner of the competition will help launch the agriculture equipment company's new TikTok channel. AdvertisementAgriculture equipment company John Deere is on the hunt for a different kid of CTO. The brand on Tuesday announced a two-week search to find a "Chief Tractor Officer" who would create social media content to reach younger consumers. This story is available exclusively to Business Insider subscribers.

Persons: John Deere, — Organizations: Service, Agriculture, Wrigley, Business Locations: Yellowstone

Berkowitz, 43, is the CEO and co-founder of Insomnia Cookies, a chain of late-night bakeries he started in 2002 as a college side hustle while attending the University of Pennsylvania. "2009 and 2010 [were] some of the hardest years ever at Insomnia Cookies," says Berkowitz. His wife Rebecca — who's also responsible for the name "Insomnia Cookies," Berkowitz says — responded with some perspective and optimism. "When I talk about the brand and our journey, [I often say] that Insomnia Cookies is a perseverance story," says Berkowitz. Sign up for CNBC's new online course How to Earn Passive Income Online to learn about common passive income streams, tips to get started and real-life success stories.

Persons: Seth Berkowitz, Berkowitz, Krispy Kreme, DON'T, Rebecca — who's, —, You've, he'd Organizations: University of Pennsylvania, CNBC, SEC Locations: —, Syracuse , New York, Champaign , Illinois

☆ Chicago police shooting: 96 shots fired in a fatal traffic stop. Here’s what the bodycam footage shows
▼ + stars: | 2024-04-09 | by ( Omar Jimenez | Holly Yan | ) edition.cnn.com time to read: +7 min

Across the country, police bodycam footage has played an increasing role in raising awareness and understanding about officer-involved shootings. A Chicago police officer gives Dexter Reed several commands before gunfire breaks out. Other bodycam videos show at least two other officers firing toward Reed from across the street in the residential neighborhood. “Upon stopping Mr. Reed, multiple officers surrounded his vehicle while giving verbal commands. “Review of video footage and initial reports appears to confirm that Mr. Reed fired first, striking the officer and four officers returned fire,” the office said.

Persons: Dexter Reed’s, Dexter Reed, ”, Reed, Dexter Reed Porscha Banks, Dexter Reed , Jr, COPA, “ Mr, “ Dexter, Steven Hart, ” Dexter Reed Porscha Banks, Roosevelt Banks, ” Banks, “, ” John Catanzara Jr, Kim Foxx, ” Foxx, –, Jack Hannah, Cheri Mossburg Organizations: Chicago CNN, Chicago, Chicago’s Civilian Office, Police, COPA Chicago “, Injury, Chicago Police, Civilian Office, COPA, “, of Police Chicago Lodge, CNN, Chicago Police Department Locations: Garfield, Chicago, Chicago's Garfield, Cook County

☆ Here's how guaranteed basic-income programs get their funding
▼ + stars: | 2024-04-09 | by ( Allie Kelly | Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

Cities like San Antonio, Austin, Denver, Boston, and Minneapolis have turned to basic-income pilot programs to explore ways to reduce those poverty levels. Republicans in Texas, Arizona, Iowa, and South Dakota are making efforts to ban GBI programs at the municipal and state level. AdvertisementStates and cities sometimes fund basic-income programsMany basic-income programs receive funding directly from state and local governments. Nonprofits and philanthropy play a key role in basic-income fundingOther basic-income programs are organized through a nonprofit, or receive funding from foundations and private donors. Along with funding cash payments, the Economic Security Project said that philanthropic donations can help a GBI programs pay for income policy research.

Persons: —, Monique Gonzalez, John Gillette, Flint, Joe Biden, Jack Dorsey, UpTogether Organizations: Service, Economic Security, Business, SNAP, Republicans, BI, American, ARPA, Chicago's Department of Family, Support Services, Mayors, Georgia Resilience, GRO Fund, Colorado Trust Locations: Cities, San Antonio, Austin, Denver, Boston, Minneapolis, Texas , Arizona , Iowa, South Dakota, Arizona, California, Los Angeles, San Francisco, Sacramento, Michigan, Massachusetts, Texas, Chicago, Somerville , Massachusetts, GBI, Harris, Houston, Georgia, Atlanta, Colorado

☆ Bally's shareholders wage battle over ownership, 'unfunded development projects'
▼ + stars: | 2024-04-02 | by ( Contessa Brewer | ) www.cnbc.com time to read: +5 min

In this article BALY Follow your favorite stocks CREATE FREE ACCOUNTAn exterior view shows the Tropicana Las Vegas at dusk on March 29, 2024 in Las Vegas, Nevada. David Becker | Getty ImagesAs the famous Tropicana in Las Vegas closes its doors Tuesday, its operator Bally's Corporation is facing its own existential battle. Standard General owns about 23% of Bally's stock, it said last month. An exterior view shows the Tropicana Las Vegas on March 29, 2024, in Las Vegas, Nevada. Bally's market cap stands at little more than half a billion dollars.

Persons: David Becker, Soo Kim, Kim, it's, Dan Fetters, Edward King, Fetters, King, Bally's, It's, George Rose, Chris Grove, Jim Murren, Jess Golden Organizations: Tropicana, Getty, Bally's, Standard, Growth Capital, Las, Trump, Tahoe, Chicago, Major League Baseball's Athletics, Leisure Properties, New, Acies, MGM Resorts International, CNBC Locations: Las Vegas , Nevada, Las Vegas, New York City, Stateline , Nevada, Seminole, Florida, Nevada, Oakland, Vegas

☆ A top Democratic pollster says low primary voter turnout in Chicago is a 'warning sign' for Biden as cities 'need to be an engine of turnout' for his reelection bid
▼ + stars: | 2024-03-24 | by ( John L. Dorman | ) www.businessinsider.com time to read: +2 min

Democratic pollster Celinda Lake said Chicago's low voter turnout last week is a "warning sign." "These cities need to be engines of turnout," she recently told The Chicago Sun-Times. "It's a warning sign for Detroit, where it will matter," she continued. "It's a warning sign for Philadelphia and Pittsburgh." "These cities need to be engines of turnout," she said.

Persons: —, Joe Biden's, Biden, Donald Trump, wasn't, weren't, Tina Sfondeles Organizations: Chicago Sun, Times, Biden, Service, Democratic, Trump, Detroit, Philadelphia Locations: Times . Chicago, Chicago, Cook, Cook County, Atlanta, Detroit, Las Vegas , Milwaukee, Philadelphia, Phoenix, " Illinois, Pittsburgh, Georgia, Pennsylvania

☆ Meet Europeans who moved to the US and say there’s no going back
▼ + stars: | 2024-03-18 | by ( Terry Ward | ) edition.cnn.com time to read: +11 min

We spoke with a handful of Europeans who are embracing American life about what brought and ties them to the United States. “I was always a career hunter, super career-focused,” says Herrmann, who eventually started his own tourism marketing business in the United States, Herrmann Global. “You have to have a certain level of cynicism and criticism because that’s what makes you smart.”She says she gets very upset when she sees Europeans “pooh-poohing” the United States. That said, she does find the “constant quest to be better, more efficient and more relevant” in the United States exhausting at times. She says living in the United States has afforded her the privilege to get to know and befriend people of many different ethnicities.

Persons: adieu, who’ve, they’ll, expats, ’ Florian Herrmann, “, ”, Herrmann, ’ ”, ‘, I’m, Gabriele Sappok, she’s, Sappok, Andreas, Gabriele Sappok “, it’s, ” Sappok, “ didn’t, Laurence Noguier, Jason W, Noguier, ” Noguier, Lawless, Clodagh Lawless, didn’t, she’ll, Lorna MacDonald, Lorna MacDonald Lorna MacDonald, MacDonald, she’d, Augustine, It's, Terry Ward Organizations: CNN, CNN Travel, Herrmann Global, Dubai Locations: United States, France, decamped, Italy, Portugal, Europe, Munich, Germany, California, Wyoming, America, German, Lander , Wyoming, “, New York City, Stuttgart, Washington , DC, Chicago, ” France, Dearborn, Galway, Ireland, American, Florida, Penzance, England, Australia, Singer Island , Florida, Augustine , Florida, St, ” Florida, Tampa

But the de minimis rule also has powerful defenders. China's exports grew only 0.6% last year, but the bright spot was cross-border e-commerce, which includes but is not limited to the de minimis packages. In a January meeting with Mayorkas, the National Council of Textile Organizations complained about unfair trade practices, including the de minimis rule. It is unclear how much fentanyl and other illicit drugs may be slipping undetected into the country in the small packages. On a recent Friday morning at Chicago's O'Hare airport, small parcels that had arrived by mail from overseas were on conveyor belts going through X-ray machines for inspection.

Persons: Lindsey Puls, Puls, ”, Alexander Mayorkas, Earl Blumenauer of, ” Blumenauer, Sen, John Thune, LaFonda Sutton, Burke, Charles Benoit, Benoit, Mayorkas, Videojournalist Melissa Perez Winder, Haleluya Hadero Organizations: WASHINGTON, Will, Homeland, National Foreign Trade Council, FedEx, UPS, DHL, eBay, South Dakota Republican, Customs, Custom, China’s Communist Party, Coalition for, Prosperous, National Council of Textile Organizations, National Association of Police, Border Protection, Investments Locations: China, U.S, Shiocton , Wisconsin, Earl Blumenauer of Oregon, Shein, Singapore, Chicago, United States, Prosperous America, Chicago's, New York

☆ My son and I traveled 27 hours on Amtrak in a private bedroom and roomettes. The pricey upgrades were worth it.
▼ + stars: | 2024-03-01 | by ( Erika Ebsworth-Goold | ) www.businessinsider.com time to read: +6 min

My 11-year-old son and I traveled nearly 27 hours from Boston to St. Louis via Amtrak. I booked a private bedroom and two roomettes to ensure we'd be comfortable. Our 27-hour train ride wasn't cheap, but I've never regretted the experience we had staying in a bedroom and private roomettes. Erika Ebsworth-GooldThe private bedroom was larger than I'd expected, complete with a full-size sofa, a separate captain-style chair, and an area for luggage. I thought the private bedroom was well worth the price.

Persons: —, Louis, I've, we'd, Erika Ebsworth, I'd Organizations: Amtrak, Service, St, Lake, Texas, Lake Shore, Chicago's, Gateway, Lake Shore Limited Locations: Boston, St, Louis, Lake Shore, Chicago, Albany , New York, Albany, Texas

☆ Chicago's best views aren't from the top of a skyscraper — just hop on the Orange Line 'L' train
▼ + stars: | 2024-02-29 | by ( L. Kurishingal | ) www.businessinsider.com time to read: +1 min

Chicago's Orange Line "L" train offers an inexpensive yet stunning city tour. The line starts at Midway Airport and goes past popular spots such as the Willis Tower. AdvertisementThough most locals use Chicago's Orange Line to commute to work or Chicago Midway Airport, I think it has so much more to offer visitors and residents alike. As part of Chicago's CTA public-transportation system, the "L" train, or elevated train, only costs $2.50 a ride. It's been 20 years since my first ride on the Orange Line, but a sense of pride and amazement still fills me every time I board the train.

Persons: Willis, Roosevelt, — Organizations: Airport, Quincy, Service, Chicago Midway Airport, Chicago's CTA, Business Locations: Chicago's, It's

☆ A former Democratic senator claimed a GOP congressman impregnated a 20-year-old staffer — and she may face legal trouble over it
▼ + stars: | 2024-02-26 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +2 min

Former Sen. Heidi Heitkamp said Rep. Matt Rosendale suspended his campaign because he impregnated a staffer. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFormer Sen. Heidi Heitkamp is facing potential legal action after she said a Republican congressman impregnated a young staffer. Advertisement"This is 100% false and defamatory and former Sen. Heitkamp will be hearing from our lawyers soon," said Kovach.

Persons: Sen, Heidi Heitkamp, Matt Rosendale, —, Heitkamp, Kevin McCarthy, Donald Trump's, Tim Sheehy, Ron Kovach, who's, Kovach Organizations: Service, Republican, North Dakota Democrat, House Republicans, Business, University of Chicago's Institute of Politics Locations: Montana, Rosendale

☆ I moved from Chicago to Philadelphia. Going from one major US city to another has been surprisingly tough.
▼ + stars: | 2024-02-19 | by ( Julia Lowe | ) www.businessinsider.com time to read: +6 min

Getting around on foot is a breeze — I don't rely on public transit as much as I did in Chicago. AdvertisementAfter living in Chicago for a year, I thought that I'd learned everything there is to know about living in a big city — until I moved to Philadelphia. Chicago is a sports city, too, but the Bears don't draw anywhere close to the same passion as the Eagles. It's pretty quiet for a big cityPhiladelphia is a major city but I don't think it's a particularly loud one. Julie LowePhiladelphia is what some call a big city with small-town charm.

Persons: —, I'd, I've, Julia Lowe Philadelphia's, they're, Julia Lowe Pennsylvania, it's, Liberty Bell, Julia Lowe Philadelphia, who's, Julie Lowe Philadelphia, I'm Organizations: Service, Chicago Transit Authority, Southeastern Pennsylvania Transportation Authority, Pennsylvania Liquor Control Board, Liberty, Liberty Bell, Independence, Eagles, Philly Locations: Philadelphia, Chicago, Pennsylvania's, Philly, Pennsylvania, Midwest

☆ An Uber and Lyft driver strike may force you to find another way home from the airport on Valentine's Day
▼ + stars: | 2024-02-13 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Uber and Lyft drivers are planning a midday strike at some US airports on Wednesday. It's part of a broader strike to draw attention to gig workers' pay and issues like deactivations. AdvertisementGood luck if you're hoping to get an Uber or Lyft on your way home from the airport on Valentine's Day. "These types of events have rarely had any impact on trips, prices, or driver availability, and we expect the same tomorrow," an Uber spokesperson told Business Insider. It's also common for gig workers to have their accounts deactivated without explanation by the companies they work for.

Persons: Chicago's, —, Lyft, DoorDash Organizations: Newark Liberty, Chicago's O'Hare, Service, App Workers, Newark Liberty International Airport, Chicago's, Uber, Walmart Locations: New York City, Austin , Texas, Hartford , Connecticut, Miami, Orlando, Philadelphia, Pittsburgh , Pennsylvania, Providence , Rhode Island, Tampa , Florida, New York, Seattle

CHICAGO (AP) — Chicago won't renew its ShotSpotter contract and plans to stop using the controversial gunshot detection system later this year, Mayor Brandon Johnson’s office announced Tuesday. The system, which relies on an artificial intelligence algorithm and network of microphones to identify gunshots, has been criticized for inaccuracy, racial bias and law enforcement misuse. Chicago's $49 million contract with SoundThinking, a public safety technology company, expires Friday. The city plans to wind down use of ShotSpotter technology by late September, according to city officials. The Stop ShotSpotter Coalition praised the announcement but said Chicago should end the use of the technology sooner.

Persons: Brandon Johnson’s, ”, didn't, Johnson, Larry Snelling Organizations: CHICAGO, Associated Press, SoundThinking, “, ”, AP, Chicago, ShotSpotter Coalition Locations: Chicago

☆ 2026 World Cup final will be played at MetLife Stadium in New Jersey
▼ + stars: | 2024-02-04 | by ( ) www.cnbc.com time to read: +3 min

An interior view of the MetLife Stadium in East Rutherford, New Jersey. The 2026 World Cup final will be played at MetLife Stadium in East Rutherford, New Jersey, on July 19. Other U.S. sites are Gillette Stadium in Foxborough, Massachusetts; NRG Stadium in Houston; Arrowhead Stadium in Kansas City, Missouri; Lincoln Financial Field in Philadelphia; Levi's Stadium in Santa Clara, California. Hard Rock Stadium will host this year's Copa América final on July 14, while MetLife was the site of the 2016 Copa América final. Artificial turf will be replaced by grass in Arlington, Atlanta, East Rutherford, Foxborough, Houston, Inglewood and Vancouver.

Organizations: MetLife, FIFA, Miami, Mexico City's Estadio Azteca, U.S, SoFi, T, Mercedes Benz, Gillette, NRG, Arrowhead, Lincoln Financial, Levi's, Estadio BBVA, Estadio Akron, NFL, Copa América, Azteca, Rose Bowl, Chicago's Locations: East Rutherford , New Jersey, Mexico, Inglewood , California, SoFi, Miami Gardens , Florida, Arlington , Texas, Atlanta, U.S, Canada, Toronto, Vancouver , British Columbia, Foxborough , Massachusetts, Houston, Kansas City , Missouri, Philadelphia, Santa Clara , California, Monterrey, Guadalajara, Pasadena , California, Qatar, Russia, East, Central, West, Arlington , Atlanta, Inglewood, Vancouver, East Rutherford, Foxborough, Central Europe, Beijing

☆ A student was trapped inside an empty Amtrak train after she fell asleep during the ride and missed her stop
▼ + stars: | 2024-01-23 | by ( Monica Humphries | ) www.businessinsider.com time to read: +4 min

Read previewAria Lockhart boarded an Amtrak train around 3 a.m. out of Carbondale, Illinois, headed for Chicago on Sunday. "I stood up, and I looked around, and the entire car was empty," Lockhart told the outlet. Jackson told WGN that Amtrak's customer service representatives didn't offer much help. "If anyone was trapped on the train that would be some type of urgency, and I didn't see that," Jackson told WGN. AdvertisementAnd in January 2023, Amtrak passengers were stuck on a train for more than 20 hours on a ride from Virginia to Orlando.

Persons: —, Lockhart, Victoria Jackson, Jackson, KIRO, Sam Sweeney, they’re, — Sam Sweeney Organizations: Service, Amtrak, Chicago, Business, Southern Illinois University, WGN, Chicago's, BI, Passengers, ABC News Locations: Carbondale , Illinois, Portland , Oregon, Seattle, Virginia, Orlando, reroute, South Carolina

☆ Why China poses a growing threat to the U.S. auto industry
▼ + stars: | 2024-01-22 | by ( Michael Wayland | ) www.cnbc.com time to read: +7 min

Tesla CEO Elon Musk, whose company operates a large plant in China, has said Chinese automakers are the greatest competitors for his Texas-based company. "They were 26% [market share] a few years ago, up to more than 50% in 2022 and headed towards two-thirds by the end of the decade." Chinese companies have begun expanding into Mexico, Europe and elsewhere, Wakefield said. The EU believes Chinese EVs are undercutting the prices of local models by about 20% in the European market. The influx of Chinese EVs has spurred the European Union to launch into government support for the industry.

Persons: —, Carlos Tavares, Elon Musk, Tesla, Musk, BYD, Massimo Pinca, Reuters BYD, Kristin Dziczek, Mathew Vachaparampil, Bernstein, Eunice Lee, Mark Wakefield, Evelyn Cheng, hasn't, Wakefield, That's Organizations: GM, Shanghai International Automobile Industry, National Exhibition, Convention Center, Visual China, Getty, DETROIT, American, of, SAIC, Dongfeng, General Motors, U.S . Bureau, Analysis, America —, Chrysler, America's GM, Ford Motor, automakers, The New York Times, Economist, Reuters, Federal Reserve Bank of Chicago's, Caresoft, Overseas, Chicago, CNBC, European Union, EU, Union, Volvo, Karma, Ford, U.S, Buick, Lincoln Nautilus Locations: Shanghai, U.S, of China, Asia, Europe, China, Japan, Nio, Mexico, Korea, Germany, Beijing, Texas, Turin, Italy, Federal Reserve Bank of Chicago's Detroit, AlixPartners, Russia, America

☆ Chicago's 'rat hole' was mysteriously filled and then restored. Now it's a place of holy rat-rimony.
▼ + stars: | 2024-01-21 | by ( Lloyd Lee | Associated Press | ) www.businessinsider.com time to read: +3 min

Read previewThe viral Chicago "rat hole" was quickly restored after it was mysteriously filled in, proving how the imprint has instantly become a beloved attraction — and a site for love? In a city infamous for its gangster past, some culprit filled in a Northside Chicago neighborhood landmark affectionately called by residents the "rat hole." It was reported Friday on social media that the "rat hole" had been filled with a substance resembling white plaster. Tributes were left behind the iconic Chicago "rat hole." Chicago resident Winslow Dumaine learned about the "rat hole" from a friend and posted a photo earlier this month of it on X, formerly known as Twitter.

Persons: —, Al, Tyler Pasciak LaRiviere, Stucky, Jeff VanDam, Winslow Dumaine, Dumaine Organizations: Service, Business, Sanitation, Chicago Tribune, Chicago Sun, Times, Chicago, Twitter, Tribune Locations: Chicago, Northside Chicago, —, Windy City

☆ How unregulated radio stations out of Mexico fueled the country music boom in America
▼ + stars: | 2024-01-19 | by ( Yoonji Han | ) www.businessinsider.com time to read: +8 min

Known as "border radio," the unregulated American radio industry sprung up on Mexico's northern border in the 1930s. Michael Ochs Archives/Getty ImagesIn the years that followed, other border radio stations sprung up in Mexico. Hank Thompson, another country music star who grew up in Waco in the 30s, said border radio stations were the only stations where one could listen to country music most of the time. But the legacy of border radio stations continued to live on in the country music they helped popularize, as well as its cousin genres. According to American honky-tonk star Webb Pierce, country music "might not have survived if it hadn't been for border radio."

Persons: —, Bill Crawford, Crawford, weren't, Will Horwitz, Horwitz's, Jimmie Rodgers, Carter, Michael Ochs, Jesus Christ, Dallas Turner, John Romulus Brinkley, Brinkley, Pope Brock, Minerva, Minnie, Jones, Patsy Montana, Slim Rinehart, Johnny Cash, Waylon Jennings, Hank Thompson, Lydia Mendoza, Rosa Dominguez, Mexican Nightingale, Dominguez, Maybelle, Webb Pierce, It's Organizations: Service, Business, Amazing Broadcasters, American Airwaves, Keystone, Gamma, Getty Images, US, charlatans, Houston, Country, Michael Ochs Archives, Kansas he'd, The Kansas State Medical Board, Federal Radio Commission, Soibelman, Tejano, Getty, Thunderbirds, ZZ Locations: American, West, Mexico, Canada, United States, Mexican, France, Tamaulipas, KFKB, Kansas, New York, Waco, South Dakota

☆ A winter weather pattern change is about to bring a wild swing in temperatures to the US
▼ + stars: | 2024-01-19 | by ( Mary Gilbert | ) edition.cnn.com time to read: +9 min

Mark Zaleski/The Tennessean/USA Today Network Snow falls on parked cars in Concord, New Hampshire, on January 16. Monday's caucuses were the coldest ever , with high temperatures below zero across much of the state. Dan Powers/USA Today Network Firefighters rescue a man after his car was stuck in a flooded area in Charlotte, North Carolina, on January 9. Gregg Pachkowski/USA Today Network Snow covers the trees around the Holy Hill Basilica and National Shrine of Mary in Hubertus, Wisconsin, on January 9. Tariq Zehawi/NorthJersey.com/USA Today Network Flooding is seen at an intersection in Spartanburg, South Carolina, on January 9.

Persons: Nature, Nikki Haley, Deb Cram, Andrew Kelly, Mark Zaleski, Snow, Will Lanzoni, Rogelio V . Solis, Amanda Andrade, Rhoades, Reuters Isaac Hammond, Geoff Stellfox, Brandon Bell, Christian Monterrosa, Daniel Cole, Dan Busey, Crews, RJ Sangosti, Jeffrey T, Barnes, Chip Somodevilla, Barbara J, Al Drago, Gary Hershorn, Brendan McDermid, Joseph Prezioso, Jim Vondruska, Andrew Harnik, Eric Seals, Rebecca Zimmerman, Antonio Perez, Zuma Snow, Erin Hooley, Drake, Sam Wolfe, Bryan Woolston, Kelly, Jo St, Aubin, Dan Powers, Peter Zay, Floyd Bennett Field, Spencer Platt, Scott Olson, County Sheriff Tommy Ford, Jaide Garcia, CNN Linda Cox, Gregg Pachkowski, of Mary, Mike De Sisti, Joe Raedle, Michael Gordon, Michael Gordon Workers Brian Henderson, Phil Murphy, Tariq Zehawi, Alex Hicks Jr Organizations: CNN, Omni Mount Washington, USA, Reuters, Mississippi State Capitol, Reuters Isaac Hammond braves, Austin, Bergstrom International Airport, Iowa State Capitol, Getty, Denver International Airport, MediaNews, Denver Post, NFL, Buffalo Bills, Pittsburgh Steelers, AP, Columbus Dispatch, Bloomberg, Corbis, Reuters Storm, AP Vehicles, Chicago Tribune, TNS, Storm Bros, Network Firefighters, County Sheriff, National, of, Milwaukee Journal, People, Michael, Michael Gordon Workers, New, New Jersey Gov, Spartanburg Herald, Chicago, Minneapolis Locations: Bretton Woods , New Hampshire, New, New York, Philadelphia, Baltimore, Washington, Nashville , Tennessee, Concord , New Hampshire, Jackson, Wheeling , Illinois, Washington ,, Malcolm , Iowa, Austin , Texas, Des Moines, AFP, Florence , Alabama, Orchard Park , New York, Williamsburg , Iowa, Worthington , Ohio, Atlantic , Iowa, Hudson, Jersey City , New Jersey, Winthrop , Massachusetts, Ankeny , Iowa, Iowa, Northwestern, Farmington Hills , Michigan, Oak Park , Illinois, Chicago, Bamberg , South Carolina, Annapolis , Maryland, Kaukauna , Wisconsin, Charlotte , North Carolina, Anadolu, Brooklyn , New York, Iowa City , Iowa, Panama City Beach , Florida, Florida's Bay County, County, Myrtle Grove , Florida, Hubertus , Wisconsin, Bay County , Florida, Florida , Alabama, Georgia, Totowa , New Jersey, New Jersey, Spartanburg , South Carolina, Canada, Midwest, Des Moines , Iowa, Minneapolis, Indianapolis, Cleveland, New York City

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