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Divya Jakatdar imagined that she would spend her senior year of high school celebrating college acceptances with her friends, attending prom and walking across the stage at graduation to the cheers of her family members. Instead, her senior spring arrived at the same time as the coronavirus pandemic. She said goodbye to high school classmates over Zoom; her graduation was a drive-through. Ms. Jakatdar, 21, thought her senior year at the University of Southern California might be a kind of do-over. “It’s a very big hit to morale for the exact class that felt like they lost their high school graduation,” Ms. Jakatdar, the student body president of U.S.C., said a few minutes after getting news that the commencement was off.

Persons: Divya Jakatdar, Jakatdar, Asna Tabassum, Jon M, Chu, Billie Jean King, ” Ms, “ We’ve, ” Organizations: University of Southern Locations: University of Southern California, Israel

☆ The new class war: A wealth gap between millennials
▼ + stars: | 2024-04-26 | by ( Robert Frank | ) www.cnbc.com time to read: +2 min

The wealth gap between rich millennials and the rest of their age group is the largest of any generation, creating a new wave of class tension and resentment, according to a recent study. According to the study, the average millennial has 30% less wealth at the age of 35 than baby boomers did at the same age. Yet the top 10% of millennials have 20% more wealth than the top baby boomers at the same age. The study finds that millennials — typically defined as those between the age of 28 and 43 today — have faced repeated financial headwinds. The millennials who "went to college, found graduate level jobs, and started families relatively late," ended up with "higher levels of wealth than Baby Boomers with similar life trajectories," according to the report.

Persons: Robert Frank, Rob Gruijters, Zachary Van Winkle, Anette Eva Fasang, Mark Zuckerberg, Sam Altman — Organizations: Boomers

☆ Video: Pig kidney transplant, artificial heart pump extends New Jersey woman’s life
▼ + stars: | 2024-04-25 | by ( Frank Fenimore | ) edition.cnn.com time to read: 1 min

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☆ Opinion | For the Sake of Democracy, Celebrate Mike Johnson
▼ + stars: | 2024-04-25 | by ( Frank Bruni | ) www.nytimes.com time to read: +1 min

The music swells. I never expected the music to swell and the credits to roll with Mike Johnson’s face in the center of the frame. But before we move on to the next congressional melodrama, let’s make sure we’ve given Johnson his due. In an era this intensely and corrosively partisan, it’s especially important that we give warranted praise and appropriate thanks to people with whom we usually disagree. Tribalism discourages that, but a healthy democracy demands it.

Persons: We’ve, Mike Johnson’s, Johnson, he’d, that’s Marjorie Taylor Greene, — Locations: Ukraine, Israel, Taiwan

☆ Why auction houses are embracing luxury — and celebrity — fashion
▼ + stars: | 2024-04-25 | by ( Joan Kennedy | ) edition.cnn.com time to read: +8 min

(CNN) — There’s a lot of talk about luxury’s rising prices, but it’s at auction that fashion is selling for the most eye-popping of sums. Fashion items from the sets of TV, film and even commercials can also garner high prices. Frank Augstein/APWhile selling prices are widely publicized, auction houses maintain something akin to attorney-client privilege when it comes to the identities of their bidders. In fact, much of the archival fashion seen on stars today has passed through auction. “That dress would now sell for $10 million because of that double whammy connection of a celebrity,” said Nolan.

Persons: —, Celine, Joan Didion, Levi’s, Kurt Cobain, Elton, Burberry, ”, Nicole Kidman, Lucy Bishop, Frank Augstein, Bishop, Audrey Hepburn, Diana —, Victoria, they’re, Lady Gaga, Kim Kardashian, Michael Jackson’s, Laverne Cox, Jordan Strauss, ’, Shannon Hoey, Hoey, Dior, Elizabeth Debicki, Diana, “, Meg Randell, Leigh Anne Clark —, Valentino, Saint Laurent, Chanel, Andre Leon Talley’s Birkin, Christie’s, Anna Wintour, Clark, Talley, would’ve, Andre Leon Talley's, Meghan McCarthy, Renae Plant, Diana’s, It’s, Carrie Bradshaw, Martin Nolan, Carrie Bradshaw's, Craig Blankenhorn, Barbie, Marilyn Monroe, John F, Kennedy, Nolan, Read Organizations: The, Fashion, CNN, AMC, Albert Museum, York’s Metropolitan Museum of Art, Vogue, USA, Plant, City, Julien’s, HBO Locations: London, Dallas, Palm Beach , Florida, California, Paris, Australia

☆ Foot Locker debuts 'store of the future' as it looks to win back Wall Street's confidence
▼ + stars: | 2024-04-24 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

In this article FL Follow your favorite stocks CREATE FREE ACCOUNTA Foot Locker, Inc. store. Even the Striper uniform, the iconic black and white striped outfit worn by Foot Locker's store associates, is getting a refresh, Frank Bracken, Foot Locker's chief commercial officer, told CNBC in an interview. A Foot Locker, Inc. store. A Foot Locker, Inc. store. Courtesy of: Foot Locker, Inc.An overall view of a Foot Locker, Inc. store.

Persons: Foot Locker's, Frank Bracken, Foot, Bracken, Mary Dillon, Dillon, She's, Foot Locker, Locker Organizations: Inc, CNBC, Summer, Nike, Adidas Locations: New Jersey, Manhattan, Wayne, New York City, Paris, Melbourne, Delhi

☆ Apple shares could be primed for a rebound, according to the charts
▼ + stars: | 2024-04-24 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

Investors have gotten so used to the stock making new highs every year that during the times in which this doesn't happen, concerns intensify. AAPL vs. its 200-day moving average AAPL has also been trading below its 200-day moving average for over two months. Indeed, it's spent more time below the long-term moving average over the years, but reclaiming the line has triggered newfound strength in the past. The big topping pattern is not bearish Another potential positive is that Apple's sporting a big bearish topping pattern on its weekly chart. DISCLOSURES: Cappelleri personally owns AAPL stock.

Persons: There's, it's, Said, AAPL, Cappelleri Organizations: Apple, Downside

☆ Kabul airport attack exclusive: New evidence challenges the Pentagon’s official account of a horrific incident as the US withdrew from Afghanistan
▼ + stars: | 2024-04-24 | by ( Nick Paton Walsh | Mick Krever | Mark Baron | ) edition.cnn.com time to read: +22 min

One told CNN he heard the first large burst of shooting come from where US Marines were standing, near the blast site. This is significantly more than the three “near simultaneous” bursts of gunfire that the Pentagon investigations have claimed occurred. The Supplemental Review found no new evidence of a complex attack, and uncovered no new assertions of outgoing fire post-blast. “They were targeting people,” another, Nazir, 16, told CNN. CNN spoke with about ten Marines anonymously, many of whom described hearing gunfire and feeling under attack from it.

Persons: Hamid, Akhter Gulfam, –, Wakil Koshar, Robert Maher, Sarah Morris, Morris, Maher, Rob Lodewick, ”, “, ” Shogofa Hamidi, Morsal, Nazir, ” Noorullah Zakhel, Read, Sayeed Ahmadi, ” Ahmadi, Ahmadi, Lodewick, Marcus Yam, CNN's Nick Paton Walsh, “ You’ve, they’ve, It’s, Taylor Crul, Romel Finley, Finley, Barber, ‘, ” Finley, Christian Sanchez, Sanchez, Staff Mark Milley, Kenneth “ Frank ” McKenzie, Darrell Issa, Nick Paton Walsh, Sandi Sidhu, Julia Hollingsworth, Masoud Popalzai, Sitara Zamani, Abdul Basir Bina, Katie Polglase, Gianluca Mezzofiore Organizations: CNN, United, Pentagon, US, Airport, NATO, US Army Central Command, Getty, Montana State University, University of Southampton, Marines, British Ministry of Defense, U.S . Central Command, AP CNN, “, Los Angeles Times, Marine, ” Marines, Navy, US Air Force, . Air Force, Reuters, US Marines, YouTube, Investigators, Joint Chiefs, Staff, Central Command Locations: Kabul, Afghanistan, United States, airport’s, American, British, AFP, Bozeman, England, US, Kabul airport's, U.S, Finland, ”

☆ Miss USA Cheslie Kryst's mother said police informed the media about her daughter's death before her own family
▼ + stars: | 2024-04-24 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +5 min

Miss USA 2019 Cheslie Kryst's new memoir, "By the Time You Read This," was released Tuesday. Simpkins wrote that she found out about her daughter's suicide note in a news article. AdvertisementOn the morning of January 30, 2022, April Simpkins received one last text from her daughter, former Miss USA Cheslie Kryst. It's a message Simpkins shares in Kryst's memoir, "By the Time You Read This," which she helped finish following her 30-year-old daughter's death by suicide. AdvertisementKryst won Miss USA in May 2019.

Persons: April Simpkins, Simpkins, —, Miss USA Cheslie, Kryst, Frank L, she'd, Benjamin Askinas, Miss Universe Organization Simpkins, Cheslie, John Lamparski Organizations: Miss, Service, Miss USA, Uber, Miss Universe Organization, National Alliance, Mental, New York Police Department, Business Locations: New York City, South Carolina, New York

☆ A homebuyer's guide to the real-estate revolution
▼ + stars: | 2024-04-23 | by ( James Rodriguez | ) www.businessinsider.com time to read: +16 min

Real-estate agents' commissions have fluctuated between 5% and 6% of the sale price for decades, despite advances in technology and an influx of agents. The recent lawsuits, which accused the NAR and some of the country's largest brokerages of conspiring to keep agents' commissions unfairly high, could signal the start of a new era. If sellers aren't paying out commissions to buyers' agents, buyers themselves could end up on the hook. For example, what happens if the seller isn't willing to pay the buyer's agent's commission? In most states, the buyer's agent can technically just rebate that extra money to their client.

Persons: Austin Whitt, Whitt, —, I've, Steve Brobeck, Sabrina Brown, they've, Michael Warren, Sellers, Prentiss Cox, it'll, you've, doesn't, Jack Ryan, Ryan, homebuying, Rob Hahn, Wendy Gilch, Gilch, I'm, it's, David Dworkin, Dworkin, Cox, It's Organizations: Realtors, National Association of Realtors, NAR, Consumer Federation of America, Getty, University of Minnesota, MLS, Consumer Federation of, National Housing Conference, Justice Department Locations: Tennessee, Nashville, America, North Carolina, United Kingdom, Australia

☆ Consumers spending and showing resilience, says Fiserv's Frank Bisignano
▼ + stars: | 2024-04-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConsumers spending and showing resilience, says Fiserv's Frank BisignanoFrank Bisignano, Fiserv president and CEO, joins 'Money Movers' to discuss what gave Bisignano confidence to raise its guidance, how much of the company's strength is due to strength with the consumer, and more.

Persons: Fiserv's Frank Bisignano Frank Bisignano Organizations: Consumers

☆ Market veteran Howard Marks says Fed is 'not going back' to ultra-low rates
▼ + stars: | 2024-04-23 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

The Federal Reserve will not bring interest rates back down to their post-financial crisis lows, according to veteran investor Howard Marks — and he believes that's a good thing. "The U.S. economy is doing quite well, and so it's not clear that it requires stimulus," Marks told CNBC's Frank Holland on Tuesday. The current federal funds target rate of 5.25% to 5.5% is an "emergency measure designed to cool off the economy and inflation," Marks continued. I think that's in the threes." "I think that interest rates should most of the time be set by the free market.

Persons: Howard Marks —, that's, Marks, CNBC's Frank Holland, we're Organizations: Federal Reserve Locations: U.S

☆ The Gen Z generation has been educated 'to have resentment and a sense of denial', says Frank Luntz
▼ + stars: | 2024-04-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Gen Z generation has been educated 'to have resentment and a sense of denial', says Frank LuntzFrank Luntz, FIL Inc. pollster and political strategist, joins 'Squawk Box' to discuss his focus group results with Gen Z voters, their view on capitalism vs. socialism, equality vs. meritocracy, their view on democracy, and more.

Persons: Frank Luntz Frank Luntz, Gen Organizations: Inc

☆ Luxury real estate sees the biggest increase in three years
▼ + stars: | 2024-04-22 | by ( Robert Frank | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLuxury real estate sees the biggest increase in three yearsCNBC's Robert Frank reports on the booming part of the housing market.

Persons: Robert Frank

☆ Luxury real estate prices just hit an all-time record
▼ + stars: | 2024-04-22 | by ( Robert Frank | ) www.cnbc.com time to read: +1 min

Overall real estate sales fell 4% nationwide in the first quarter, according to Redfin. Yet, luxury real estate sales increased more than 2%, posting their best year-over-year gains in three years, according to Redfin. Real estate experts and brokers chalk up the divergence to interest rates and supply. In Manhattan, all-cash deals hit a record 68% of all sales, according to Miller Samuel. The median price of luxury homes hit an all-time record of $1,225,000 during the period.

Persons: Miller Samuel, David Palmer Locations: Real, Manhattan, Seattle

☆ These are the factors driving cocoa prices to all-time highs
▼ + stars: | 2024-04-22 | by ( Frank Holland | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThese are the factors driving cocoa prices to all-time highsCNBC's Frank Holland discusses the factors fueling cocoa's price increases and which commodity appears to be next for a surge.

Persons: Frank Holland

☆ Meet the private doctor to the wealthy — at $40,000 a year
▼ + stars: | 2024-04-22 | by ( Robert Frank | ) www.cnbc.com time to read: +2 min

When people ask Dr. Jordan Shlain to describe his medical practice, he says simply: "It's a family office for your health." Rather than simply offering on-call doctors and faster visits, Private Medical has pioneered a highly personalized, all-in-one service that's more akin to the most sophisticated family offices for investments. Like family offices, Private Medical has an in-house team to manage a family's entire health portfolio – from fitness and dietary tracking to longevity research, surgeries and medical emergencies. Private Medical doesn't advertise and gets most of its business through referrals. Shlain declined to give specifics on price, but clients of Private Medical say it charges $40,000 a year for each adult patient and $25,000 per patient under the age of 18.

Persons: Robert Frank, Jordan Shlain, Shlain Organizations: Private, Private Medical, California —, Research Locations: California, California — San Francisco, Silicon Valley, Santa Monica, Beverly Hills —, York, Miami

☆ Saturday Mornings With the ‘Voice of Problem Gambling’
▼ + stars: | 2024-04-21 | by ( Zach Schonbrun | ) www.nytimes.com time to read: +1 min

On the line this morning in January was Rob D., a 61-year-old recovering gambling addict who got his start flipping cards in school before he went broke betting on basketball as an adult. Within minutes, Rob was weeping. Tears are not unusual in this quiet enclave within the nation’s most famous sports-talk network. Like most of the rest of the sports industry, WFAN has been subsumed by advertisements and promotional tie-ins related to gambling. But from 9:30 to 10 every Saturday morning, a new guest enters Mr. Carton’s somber confessional to share his or her tale of addiction.

Persons: Craig Carton, Carton, Rob D, Rob Organizations: WFAN Locations: Lower Manhattan, ignominy

☆ This space tourism company wants to take people to the stratosphere with a helium balloon for $150,000. See inside its capsule designed by a former Ferrari designer.
▼ + stars: | 2024-04-21 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

Halo Space is a space-tourism company that uses helium balloons instead of rockets or jets. CEO Carlos Mira plans to launch commercial flights in 2026, and take 10,000 people to the stratosphere by 2030. The company unveiled the interior of its capsule, designed by ex-Ferrari designer Frank Stephenson. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. CEO Carlos Mira believes his company can take 10,000 people to the stratosphere within the next six years.

Persons: Carlos Mira, Frank Stephenson, — Organizations: Service, Origin, Virgin Galactic, Business

☆ Washington wrestles with ‘new equation’ of direct attacks between Iran and Israel
▼ + stars: | 2024-04-19 | by ( Alex Marquardt | Katie Bo Lillis | ) edition.cnn.com time to read: +9 min

Throughout the week, US officials had urged Israel not to retaliate for Iran’s unprecedented attack five days prior, when hundreds of missiles and drones were fired from inside Iran at Israel. US intelligence has long assessed that neither Iran nor Israel has any appetite for an outright war. Iranian officials have stated publicly that Iran’s policy toward Israel has changed. Then, on April 1, an Israeli strike on what Iran claims was an embassy in Syria killed seven officials, including two senior Iranian commanders. “Israel and Iran are going to be starting higher on the escalatory ladder for every future moment of conflict and that is incredibly dangerous,” said Panikoff.

Persons: Biden, ”, Hossein, Israel’s, CNN’s Erin Burnett, Israel, Bill Burns, George W, “, Frank McKenzie, ” McKenzie, Maher Al Mounes, Mohammed Reza Zahedi, Jonathan Panikoff, Seyyed Ali Khamenei, Khamenei, Karim Sadjadpour, Qassem Soleimani, Iran —, Iran messaged, Donald Trump, stridently, —, McKenzie Organizations: CNN, Israel, Iran, US, Islamic Revolutionary Guard Corps, CIA, Bush Presidential Center, Iranian, US Central Command, Getty, Lebanese Hezbollah, Iran’s, Carnegie Endowmernt Locations: Washington, Israel, Iran, Tehran, ” Iran, Islamic Republic of Iran, Dallas, Syria, Syria's, Damascus, AFP, Lebanese, Iran’s, Iraq

☆ EPA designates two ‘forever chemicals’ as hazardous substances
▼ + stars: | 2024-04-19 | by ( Mira Cheng | ) edition.cnn.com time to read: +4 min

CNN —The US Environmental Protection Agency designated two widely used “forever chemicals” as hazardous substances under the United States’ Superfund law on Friday. This ruling will allow the EPA to investigate and clean up leaks and spills of these harmful chemicals, according to the official news release. Exposure to “forever chemicals” has been linked to cancers, heart and liver disease and immune and developmental damage to infants and children, according to the news release. There are more than 12,000 forms of PFAS chemicals in the environment. The designation comes just weeks after the EPA announced new limits for “forever chemicals” in drinking water in the United States.

Persons: Michael S, Regan, Dr, David Andrews, ”, Sanjay Gupta, ” Lisa Frank, Harris, CNN’s Jen Christensen Organizations: CNN, Environmental Protection Agency, United, EPA, Environmental, CNN Health, PIRG, Fund, Environment America Research, Policy, Biden Locations: United States, U.S, Washington

☆ Opinion | The Unsolvable Mysteries of Donald’s and Melania’s Marriage
▼ + stars: | 2024-04-18 | by ( Frank Bruni | ) www.nytimes.com time to read: +1 min

“He reserves fear for one person, Melania Trump.” That’s what Kellyanne Conway said about Donald Trump in her testimony before a congressional committee in 2022. But then we don’t get to look at them all that much — not the two of them together. It’s a mystery, like so much about their marriage and about the former first lady herself. Journalists wanted to know what Melania Trump was thinking. And Donald Trump fumed to reporters that the trial might prevent him from joining Melania at the high school graduation of their son, Barron, on May 17.

Persons: Melania Trump, Kellyanne Conway, Donald Trump, Melania, ”, Stephanie Grisham, Donald Trump’s, Katie Rogers, Stormy Daniels, Donald Trump fumed, Barron Organizations: “, The, Journalists, Melania Locations: Manhattan

☆ Kyle MacLachlan on His Best Movie & TV Roles: 'Dune,' 'Twin Peaks'
▼ + stars: | 2024-04-18 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +9 min

For a veteran muse of David Lynch, old habits die hard. On 'Dune,' then and nowKyle MacLachlan in David Lynch's "Dune." Then of course, because it's David Lynch, he wants to spend some time in his creative universe, and that's really what you got. Our "Dune" is the amalgam of David Lynch and his creativity, and Frank Herbert and his creativity. David Lynch and Kyle MacLachlan at the premiere of "Twin Peaks: The Return" in 2017.

Persons: Jeffrey Beaumont, Dale Cooper, Kyle MacLachlan, David Lynch, MacLachlan, Lynch, Hank MacLean, Lucy, Ella Purnell, isn't, David Lynch's, it's David Lynch, Frank Herbert, Frank, it's, David, Isabella Rosselini, Timothée Chalamet, haven't, Scorsese, Alberto E, Rodriguez, Robert Redford You've, Chris, Oliver Stone's, didn't, Robert Redford, he's, would've, Hank, You've, Kristin Davis, HBO You've, Trey, there'd, Dennis Hopper, Dennis Organizations: De Laurentiis Entertainment, Getty, HBO Locations: Hollywood

☆ A US Navy transport ship deployed to help operate the floating port in Gaza returned home after an engine fire
▼ + stars: | 2024-04-18 | by ( Konstantin Toropin | ) www.businessinsider.com time to read: +5 min

A US Navy ship deployed to help build a floating pier in Gaza returned home after an engine fire. USNS 2nd Lt. John P. Bobo deployed to transport equipment to operate the temporary port. AdvertisementAn M1A1 Abrams tank is off-loaded from the USNS 2nd Lt. John P. Bobo off the shore of Pohang, Republic of Korea. AdvertisementUSNS 2nd Lt. John P. Bobo and USNS Pililaau anchor off the coast of Pohang, Republic of Korea. Australian dock workers secure USNS 2nd Lt. John P. Bobo while members of the U.S. Navy, Marine Corps and Australian Defence Force begin offloading.

Persons: John P, Bobo, —, Pat Ryder, Cpl, Mark W, Stroud, MV Roy P, Baldomero Lopez, Sal Mercogliano, Military.com, Frank S, Besson, Joshua Fulton, Mercogliano, horrendously, I've, You've, Scott Reel, Ryder Organizations: US Navy, USNS, Service, Navy, Pentagon, Army, MV, sealift, Naval Beach, USNI News, U.S . Navy, Marine Corps, Australian Defence Force, Defense Department Locations: Gaza, Jacksonville , Florida, Pohang , Republic of Korea, Tenerife, Africa, Azores, Souda, Greece

☆ Superyacht sales plunge as wait times rise, Russian oligarchs drop out of the market
▼ + stars: | 2024-04-17 | by ( Robert Frank | ) www.cnbc.com time to read: +2 min

Dazert said he expects new superyacht sales to "go down a little bit further this year" given the continued costs and delays. Sales of new superyachts (yachts over 100 feet long) fell 17% last year, according to the new SuperYacht Times' State of Yachting report. Superyachts sales took a dive in 2023, as long waiting lists, soaring costs and oligarch sanctions hit demand, according to a new report. Americans are picking up some of the slack, accounting for nearly a quarter of all superyacht sales last year. There are now nearly 6,000 superyachts, triple the number in 2002, according to SuperYacht Times.

Persons: Dazert, Ralph Dazert, Robert Frank Organizations: SuperYacht Times, Times, of Yachting Locations: Times ', Russia, Ukraine, Eastern, Saudi

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