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☆ Macklemore criticizes Biden in new song supporting pro-Palestinian student protests
▼ + stars: | 2024-05-08 | by ( Scottie Andrew | ) edition.cnn.com time to read: +17 min

Across the US, pro-Palestinian protesters have been occupying lawns and buildings on campuses, and many are requesting that their universities divest from Israel. Nic Antaya/Getty Images Pro-Palestinian protesters demonstrate on the New York University campus in New York on Friday, May 3. Before police were deployed to campus, pro-Palestinian protesters and Israel supporters were clashing at the school , according to multiple reports. Joseph Prezioso/AFP/Getty Images Columbia University students gather for a picket organized by the Student Workers Union (UAW Local 2710) on Monday, April 29. Stefan Jeremiah/AP Israeli flags are reflected in the sunglasses of a demonstrator in front of Columbia University on April 22.

Persons: Macklemore, Joe Biden, ” Macklemore, Donald Trump, Columbia’s Hamilton, Hind Rajab, Hind, who’ve, ”, He’s, Biden, Jon Batiste, Selena Gomez, Annie Lennox, “, Melissa Overton, Nic Antaya, Seth Harrison, Jenny Kane, Chip Somodevilla, Mathieu Lewis, Rolland, Craig Hudson, Emma, Roberto Schmidt, Etienne Laurent, Mike Blake, Spencer Platt, Frederic J . Brown, Caitlin Ochs, David Dee Delgado, Charly Triballeau, Kena Betancur, Seyma, Alex Kent, Joseph Prezioso, Suzanne Cordeiro, Diane Handal, Cliff Owen, Qian Weizhong, Mike Stewart, Sarah Reingewirtz, Jay Janner, Brandon Bell, Brian Snyder, Mike Johnson, Timothy A, Clary, Matthew Hatcher, Nuri Vallbona, Jordan Vonderhaar, Zaydee Sanchez, Cameron Jones, Stephanie Keith, Andres Kudacki, Tayfun, Joe Buglewicz, Fatih Aktas, Michael M, Mary Altaffer, Scott Eisen, Columbia's, Stefan Jeremiah, Selcuk, Seattle concertgoers, Seth Rogen Organizations: CNN, Columbia University, Biden, University of California, University of Arizona, Dua Lipa, Scottish, United Nations Relief, Works Agency for Palestine Refugees, Hamas, Protesters, University of Michigan's, New York University, Westchester County Journal, USA, Network Police, Portland State University, AP, George Washington University, Getty, The George Washington University, Israel, AFP, Police, UCLA, Reuters, Fordham, Lincoln Center, Getty Images Police, Hamilton, Reuters Police, Columbia, The City College of New, Getty Images, Columbia Students, Justice, Hamilton Hall, Brown University, Getty Images Columbia University, Student Workers Union, UAW, University of Texas, Low, Sunday, Rueters Georgia State Patrol, Emory University, MediaNews, Los Angeles Daily News, Austin Statesman, Network, Austin, University, Emerson College, Swarthmore College, Bloomberg, University of Southern, Reuters New York, Reuters Columbia, New York Times, Sproul Hall, Yale University, University police, York University, The New School, Massachusetts Institute of Technology, Library, Seattle, Trump Locations: Gaza, Israel, University of California Los Angeles, Palestine, Dua, Ann Arbor , Michigan, New York, Westchester, Portland , Oregon, Washington ,, Portland, The, Los Angeles, AFP, The City College of New York, Columbia, Columbia's, Providence , Rhode Island, Texas, Austin, New, Rueters Georgia, Atlanta, Getty Images Texas, Boston, Swarthmore , Pennsylvania, University of Southern California, Berkeley, Sproul, Anadolu, New Haven , Connecticut, Cambridge, Washington

☆ A high-stakes report looms over Biden on whether Israel violated international law
▼ + stars: | 2024-05-07 | by ( Kylie Atwood | Jennifer Hansler | ) edition.cnn.com time to read: +19 min

Nic Antaya/Getty Images Pro-Palestinian protesters demonstrate on the New York University campus in New York on Friday, May 3. Mike Blake/Reuters Pro-Palestinian protesters stand their ground after police breached their encampment at UCLA on May 2. Before police were deployed to campus, pro-Palestinian protesters and Israel supporters were clashing at the school , according to multiple reports. Joseph Prezioso/AFP/Getty Images Columbia University students gather for a picket organized by the Student Workers Union (UAW Local 2710) on Monday, April 29. Stefan Jeremiah/AP Israeli flags are reflected in the sunglasses of a demonstrator in front of Columbia University on April 22.

Persons: CNN —, Biden, Joe Biden, Benjamin Netanyahu, Antony Blinken, “, Matthew Miller, Adam Schultz, Netanyahu, Israel, Mahmud Hams, It’s, ”, Democratic Sen, Chris Van Hollen, Sen, Alex Brandon, Van Hollen, Miller, ” Miller, Melissa Overton, Nic Antaya, Seth Harrison, Jenny Kane, Chip Somodevilla, Mathieu Lewis, Rolland, Craig Hudson, Emma, Roberto Schmidt, Etienne Laurent, Mike Blake, Spencer Platt, Frederic J . Brown, Caitlin Ochs, David Dee Delgado, Charly Triballeau, Kena Betancur, Seyma, Alex Kent, Joseph Prezioso, Suzanne Cordeiro, Diane Handal, Cliff Owen, Qian Weizhong, Mike Stewart, Sarah Reingewirtz, Jay Janner, Brandon Bell, Brian Snyder, Mike Johnson, Timothy A, Clary, Matthew Hatcher, Nuri Vallbona, Jordan Vonderhaar, Zaydee Sanchez, Cameron Jones, Stephanie Keith, Andres Kudacki, Tayfun, Joe Buglewicz, Fatih Aktas, Michael M, Mary Altaffer, Scott Eisen, Columbia's, Stefan Jeremiah, Selcuk Organizations: CNN, State Department, Israeli, Congress, Hamas, Capitol, ”, National Security, Getty, State Department’s Bureau, Political, Military Affairs, Defense Department and National Security Council, Biden, Israel, Palestinian, Israel Defense Forces, United Nations Office, Human Rights, Biden Democrats, Democratic, Democratic Party, Republican, Department, Protesters, University of Michigan's, New York University, Westchester County Journal, USA, Network Police, Portland State University, AP, George Washington University, The George Washington University, AFP, Police, University of California, UCLA, Reuters, Fordham, Lincoln Center, Getty Images Police, Hamilton, Columbia University, Reuters Police, Columbia, The City College of New, Getty Images, Columbia Students, Justice, Hamilton Hall, Brown University, Getty Images Columbia University, Student Workers Union, UAW, University of Texas, Low, Sunday, Rueters Georgia State Patrol, Emory University, MediaNews, Los Angeles Daily News, Austin Statesman, Network, Austin, University, Emerson College, Swarthmore College, Bloomberg, University of Southern, Reuters New York, Reuters Columbia, New York Times, Sproul Hall, Yale University, University police, York University, The New School, Massachusetts Institute of Technology, Library, USAID Locations: Israel, Gaza, Rafah, Capitol Hill, Iran, Palestinian American, Jabalia, AFP, Ann Arbor , Michigan, New York, Westchester, Portland , Oregon, Washington ,, Portland, The, Los Angeles, The City College of New York, Columbia, Columbia's, Palestine, Providence , Rhode Island, Texas, Austin, New, Rueters Georgia, Atlanta, Getty Images Texas, Boston, Swarthmore , Pennsylvania, University of Southern California, Berkeley, Sproul, Anadolu, New Haven , Connecticut, Cambridge

☆ 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

☆ Amid campus protests, some teens and parents reconsider enrollment decisions
▼ + stars: | 2024-05-01 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +21 min

I was so dead set on going,” said the private school student, who is Jewish. Before police were deployed to campus, pro-Palestinian protesters and Israel supporters were clashing at the school , according to multiple reports. Joseph Prezioso/AFP/Getty Images Columbia University students gather for a picket organized by the Student Workers Union (UAW Local 2710) on Monday, April 29. Columbia student Cameron Jones told CNN: "I am Jewish and, to me, Passover symbolizes perseverance and resilience. Stefan Jeremiah/AP Israeli flags are reflected in the sunglasses of a demonstrator in front of Columbia University on April 22.

Persons: “ Barnard, ”, reconsidering, Minouche Shafik, Mimi Doe –, –, “, Doe, it’s, ‘, Joseph Prezioso, what’s, Shafik, ” Shafik, don’t, Brian Taylor, Ivy Coach, they’re, ” Taylor, Ivy, “ It’ll, Etienne Laurent, Frederic J . Brown, Caitlin Ochs, David Dee Delgado, Spencer Platt, Charly Triballeau, Kena Betancur, Seyma, Alex Kent, Suzanne Cordeiro, Diane Handal, Cliff Owen, Qian Weizhong, Mike Stewart, Sarah Reingewirtz, Jay Janner, Brandon Bell, Brian Snyder, Mike Johnson, Timothy A, Clary, Matthew Hatcher, Nuri Vallbona, Jordan Vonderhaar, Zaydee Sanchez, Cameron Jones, Stephanie Keith, Andres Kudacki, Tayfun, Joe Buglewicz, Fatih Aktas, Michael M, Mary Altaffer, Scott Eisen, Columbia's, Stefan Jeremiah, Selcuk, ” Doe, she’s, Liz Magill, Claudine Gay, Hillel, Anna Ivey, ” Ivey Organizations: CNN, New, Columbia, Barnard College, Barnard, Brandeis University, Jewish, University of California, Columbia University, City College, New York City Police Department, Columbia University . Columbia, Brown University, Getty, ” Columbia University, Protesters, Ivy, UCLA, Getty Images Police, Police, Hamilton, Reuters Police, Reuters, The City College of New, Getty Images, Columbia Students, Justice, Hamilton Hall, Getty Images Columbia University, Student Workers Union, UAW, University of Texas, Low, George Washington University, AP, Sunday, New York University, Rueters Georgia State Patrol, Emory University, MediaNews, Los Angeles Daily News, Austin Statesman, USA, Network, Austin, University, Emerson College, Swarthmore College, Bloomberg, University of Southern, Reuters New York, Reuters Columbia, New York Times, Sproul Hall, Yale University, University police, York University, The New School, Massachusetts Institute of Technology, Library, Ivy League, University of Pennsylvania, Harvard University, Harvard, House, “ Locations: New York City, Manhattan, Israel, Gaza, Massachusetts, Brandeis, Los Angeles, New York, Columbia, Providence , Rhode Island, AFP, ”, The City College of New York, Columbia's, Palestine, Texas, Austin, Washington ,, New, Rueters Georgia, Atlanta, Getty Images Texas, Boston, Swarthmore , Pennsylvania, University of Southern California, Berkeley, Sproul, Anadolu, New Haven , Connecticut, Cambridge, Yale, “, Long, , New York

☆ Jerry Seinfeld's 3 kids joined him at the premiere of his new movie. Here's what you need to know about them.
▼ + stars: | 2024-05-01 | by ( Olivia Singh | ) www.businessinsider.com time to read: +4 min

The comedian and his wife, Jessica Seinfeld, have spoken about their children many times over the years. Most recently, the whole family attended the Los Angeles premiere of "Unfrosted," Seinfeld's feature film directorial debut. Sascha Betty Seinfeld, 23, is the eldest childSascha Seinfeld and Jerry Seinfeld attend the "Daughters" premiere during the 2024 Sundance Film Festival in Park City, Utah. Julian Kal Seinfeld, 21, is the middle siblingFrom left: Julian Seinfeld, Jessica Seinfeld, Shephed Seinfeld, Jerry Seinfeld, and Sascha Seinfeld at the "Unfrosted" premiere at the Egyptian Theatre in Los Angeles on April 30, 2024. Shepherd Kellen Seinfeld, 18, is the couple's youngest childFrom left: Julian Seinfeld, Jessica Seinfeld, Shephed Seinfeld, Jerry Seinfeld, and Sascha Seinfeld at the "Unfrosted" premiere at the Egyptian Theatre in Los Angeles on April 30, 2024.

Persons: —, Jerry Seinfeld, he's, Seinfeld, Jessica Seinfeld, Sascha Betty Seinfeld, Sascha Seinfeld, Mat Hayward, Sascha, Jessica, Amy Schumer's, Amy Schumer, Jerry, she's, Julian Kal Seinfeld, Julian Seinfeld, Shephed Seinfeld, FREDERIC J . BROWN, Julian, Kevin Durant, Shepherd Kellen Seinfeld, Shepherd, Jimmy Fallon Organizations: Service, New Yorker, Business, Los Angeles, Getty, Duke University, CBS, Egyptian Theatre, Culture Fieldston School, NBA Locations: Park City , Utah, New York, Los Angeles, AFP

☆ Biden left without an easy solution as campus protests heat up
▼ + stars: | 2024-05-01 | by ( Kevin Liptak | Jeff Zeleny | ) edition.cnn.com time to read: +18 min

Demonstrators supporting Palestinians in Gaza barricade themselves inside Hamilton Hall at Columbia University in New York City on April 30. On Tuesday, White House officials sharply condemned the takeover of a building at Columbia University, voicing a rebuke of tactics they said went too far. Before police were deployed to campus, pro-Palestinian protesters and Israel supporters were clashing at the school , according to multiple reports. Joseph Prezioso/AFP/Getty Images Columbia University students gather for a picket organized by the Student Workers Union (UAW Local 2710) on Monday, April 29. Stefan Jeremiah/AP Israeli flags are reflected in the sunglasses of a demonstrator in front of Columbia University on April 22.

Persons: Joe Biden, Biden, ”, Mike Johnson, “, Karine Jean, Pierre, hadn’t, Alex Kent, Jean, ” Biden, —, “ Biden, nobody’s, Donald Trump, Lauren Hitt, haven’t, Etienne Laurent, Frederic J . Brown, Caitlin Ochs, David Dee Delgado, Spencer Platt, Charly Triballeau, Kena Betancur, Seyma, Joseph Prezioso, Suzanne Cordeiro, Diane Handal, Cliff Owen, Qian Weizhong, Mike Stewart, Sarah Reingewirtz, Jay Janner, Brandon Bell, Brian Snyder, Timothy A, Clary, Matthew Hatcher, Nuri Vallbona, Jordan Vonderhaar, Zaydee Sanchez, Cameron Jones, Stephanie Keith, Andres Kudacki, Tayfun, Joe Buglewicz, Fatih Aktas, Michael M, Mary Altaffer, Scott Eisen, Columbia's, Stefan Jeremiah, Selcuk, Morehouse, ’, Karim Safieddine, ” Safieddine, Todd Richmond, Dahlia Saba, Trump, ” Saba, ” Barry Burden, ” Burden, that’s Organizations: CNN, Hamilton Hall, Columbia University, Getty, US, White, Heritage Month, Republican, Fox News, National Guard, Kent State University, University of California, UCLA, Getty Images Police, Police, Hamilton, Reuters Police, Columbia, Reuters, The City College of New, Protesters, Getty Images, Columbia Students, Justice, Brown University, Getty Images Columbia University, Student Workers Union, UAW, University of Texas, Low, George Washington University, AP, Sunday, New York University, Rueters Georgia State Patrol, Emory University, MediaNews, Los Angeles Daily News, Austin Statesman, USA, Network, Austin, University, Emerson College, Swarthmore College, Bloomberg, University of Southern, Reuters New York, Reuters Columbia, New York Times, Sproul Hall, Yale University, University police, York University, The New School, Massachusetts Institute of Technology, Library, Democratic, US Military Academy, West, Morehouse College, Biden, Syracuse University, University of Pittsburgh, United Steel, Trump, University of Wisconsin, Madison, Democratic Party, Elections Research Locations: New York, Los Angeles, Israel, Gaza, America, spokespeople, New York City, November’s, AFP, The City College of New York, Columbia, Columbia's, Palestine, Providence , Rhode Island, Texas, Austin, Washington ,, New, Rueters Georgia, Atlanta, Getty Images Texas, Boston, Swarthmore , Pennsylvania, University of Southern California, Berkeley, Sproul, Anadolu, New Haven , Connecticut, Cambridge, Vietnam, Biden’s, Pittsburgh, Milwaukee, Chicago

☆ Jeff Bezos' hard-driving approach is good for business but may lack empathy, Harvard professor says
▼ + stars: | 2024-04-25 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

A Harvard Business School professor was asked to break down Jeff Bezos' leadership style on a recent podcast. But good leadership also requires empathy, an area where Bezos is seemingly lacking, Gupta said. His inventiveness, fearlessness, and focus have all played a key role in Amazon's growth, said Sunil Gupta, a Harvard Business School professor who has studied Bezos for years. Gupta broke down how Bezos's character has helped Amazon grow on a recent episode of Harvard Business Review's "On Strategy" podcast. Amazon workers rally in support of unionization efforts, March 2021.

Persons: Jeff Bezos, Sunil Gupta, Gupta, —, he's, He's, FREDERIC J . BROWN, Bezos Organizations: Harvard Business School, Service, Harvard Business, Harvard, Nomad Ventures, Inc, Getty, Amazon, Washington Post, Gallup

☆ The Japanese don't necessarily want a much stronger yen: HSBC economist
▼ + stars: | 2024-04-19 | 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 Japanese don't necessarily want a much stronger yen: HSBC economistFrederic Neumann, HSBC's chief Asia economist, discusses the outlook for yen intervention, and says "the weak yen plays a functional role in Japan's reflation — the Japanese don't want necessarily a much stronger yen, so long as the depreciation is orderly."

Persons: Frederic Neumann, Japan's reflation Organizations: HSBC Locations: HSBC's, Asia

☆ The world's richest person just put 2 more of his kids on the board of his $430 billion company
▼ + stars: | 2024-04-18 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

Bernard Arnault has appointed two more of his children to LVMH's board. Alexandre Arnault is a vice president at Tiffany & Co. and Frédéric Arnault heads LVMH's watches division. AdvertisementThe French luxury-goods billionaire Bernard Arnault, who's the world's richest person, has appointed two more of his children to LVMH's board. Only Jean Arnault, Bernard Arnault's youngest son, doesn't sit on the company's board. Bernard Arnault is the world's richest person, with a net worth of about $221 billion, according to estimates by Bloomberg.

Persons: Bernard Arnault, Alexandre Arnault, Frédéric, Bernard Arnault's, —, Frédéric Arnault, Delphine Arnault, Dior Couture, Antoine Arnault, LVMH, Jean Arnault, doesn't, Louis Vuitton's, Louis Vuitton, Dior, Marc Jacobs, Givenchy Organizations: Tiffany, Service, Christian Dior, Bloomberg

☆ Stop thinking your expensive watch is an investment, says Rolex boss
▼ + stars: | 2024-04-17 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Secondhand watch prices have tumbled since the Federal Reserve started raising interest rates. His comments as secondhand watch prices slide after spectacular pandemic-era growth. Watch prices started dropping as the Federal Reserve started raising interest rates. Dufour, who's been Rolex CEO since 2015, also told NZZ he's expecting a "challenging" year. Luxury watch companies such as Rolex, Patek Philippe and Audemars Piguet can't necessarily cut prices to stimulate demand, he added.

Persons: Jean, Frédéric Dufour, NZZ, —, Dufour, who's, NZZ he's, Patek Philippe, Audemars Piguet, Thierry Stern Organizations: Rolex, Federal Reserve, Service, Swiss, NZZ

☆ Former Fed Governor Frederic Mishkin on March CPI data: The Fed has to keep staying the course
▼ + stars: | 2024-04-10 | 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 EmailFormer Fed Governor Frederic Mishkin on March CPI data: The Fed has to keep staying the courseFrederic Mishkin, Columbia University professor and former Fed Governor, joins 'Squawk Box' to discuss the March CPI data, what it means for the Fed's inflation fight, interest rate outlook, and more.

Persons: Frederic Mishkin Organizations: Former, Columbia University, Fed Governor

☆ How to see the eclipse: Why your path of totality maps might be slightly off
▼ + stars: | 2024-04-05 | by ( Jackie Wattles | ) edition.cnn.com time to read: +5 min

“Calculations that use a slightly larger radius for the size of the Sun yield an eclipse path that is slightly narrower,” said NASA spokesperson Karen Fox in an emailed statement. And even if the NASA map is wrong, Irwin’s calculations indicate it’s only off by a couple thousand feet on the edges. A woman views a map showing the eclipse path during the Solar Eclipse Festival at the California Science Center in Los Angeles, California, on August 19, 2017, two days before the total eclipse on August 21. And NASA also acknowledges that exact measurements of the eclipse path are difficult to pin down. “When you see the total eclipse, you can’t go back,” Guinan said.

Persons: ”, Karen Fox, Edward Guinan, John Irwin, Guinan, Frederic J . Brown, Irwin, ” Guinan, Jonathan Ernst, “, can’t, ” Don’t Organizations: CNN, North America, NASA, Villanova University ., California Science Center, Getty, Sun, Reuters Locations: North, Guildford, England, Los Angeles , California, AFP, Smoky, Tennessee

☆ The rally in oil cannot be ignored — here's what it means for stock market investors
▼ + stars: | 2024-04-04 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

U.S. oil prices have climbed to their highest level since late October, as the rally in the key commodity becomes something equity investors cannot afford to look past. In other words, the latest ISM Manufacturing report serves to support the view that the U.S. economy is doing much better than many believed it would just a few months ago. Oil trading at its highest levels since late October has implications for stock market investors. The Fed's preferred measure of inflation may be the core personal consumption expenditures price index, which removes the impact of food and energy prices, but consumers still pay for energy. The rise in energy prices — particularly at the gas pump — can result in a decrease of discretionary dollars left for other purchases.

Persons: Brent, —, Jim Cramer, Jim Cramer's, Jim, Frederic J, Brown Organizations: West Texas, Coterra Energy, Energy, Organization of Petroleum, PMI, Manufacturing, Reuters, Federal Reserve, Fed, Bank of, CNBC, Afp, Getty Locations: U.S, Russia, OPEC, China, Ukraine, Ukrainian, Russian, Iranian, Syria, Iran, Taft, Kern County , California

☆ Fastest way to restore Chinese consumer confidence is stabilizing the housing market, says HSBC
▼ + stars: | 2024-03-18 | 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 EmailFastest way to restore Chinese consumer confidence is stabilizing the housing market, says HSBCFrederic Neumann, chief Asia economist at HSBC, says although there are policies trying to address that problem, "we haven't seen … quick enough moves to really dispel any concerns around developers."

Persons: HSBC Frederic Neumann Organizations: HSBC Locations: Asia

☆ Everyone is worried about inflation. Here’s why it’s tracked two different ways
▼ + stars: | 2024-03-12 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

Housing, housing and more housingThe housing sector carries more than four times as much weight in CPI compared to the Fed’s preferred inflation gauge. But, with PCE, housing has a much more limited impact on the inflation index. Both indexes are faulted for using this metric to calculate housing inflationBoth indexes use a widely criticized metric called owners’ equivalent rent (OER) to track housing inflation. But it can often take months for these trends to show up in either the PCE or CPI housing indexes. Another issue with using OER to track housing inflation is that it doesn’t really affect homeowners.

Persons: Joe Biden, Frederic J . Brown, ” Organizations: New, New York CNN, Federal, Cleveland Federal Reserve, PCE, Bureau of Labor Statistics, Getty, Commerce Department, Bank of America Locations: New York, November’s, AFP

☆ China doubles down on manufacturing, leaving real estate behind
▼ + stars: | 2024-03-08 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

China News Service | China News Service | Getty ImagesBEIJING — China revealed this week it aims to spend more than a billion dollars to bolster manufacturing and domestic tech in a bid to remain globally competitive, while divulging little new support for the struggling real estate market. Industrial support clearly ranked first on Beijing's priority list for the year ahead, according to three major plans released this week as part of China's annual parliamentary meetings. Chinese authorities in 2020 intensified a crackdown on real estate developers' high reliance on debt for growth. Within that second priority, the finance ministry said it would allocate 31.3 billion yuan for improving vocational education. The government work report presented by Premier Li Qiang gave real estate a similar level of prominence.

Persons: Frederic Neumann, Li Qiang Organizations: Seres, China News Service, Getty, Ministry of Finance, HSBC, UBS, National Development, Reform Commission Locations: Chongqing, China, BEIJING, Asia, Beijing, U.S

☆ Microsoft destroys rival cloud firms' profit margins, Amazon-backed group alleges
▼ + stars: | 2024-03-08 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Igor Golovniov | Sopa Images | Lightrocket via Getty ImagesMicrosoft was accused Friday of abusing the dominance of its Azure cloud computing unit to squeeze a — and, in some cases, evaporate — the profit margins of rival cloud platforms in Europe. Under those rules, Microsoft required firms to purchase a Software Assurance license and "mobility rights" if they wanted to deploy their Microsoft software on hosted cloud services offered by rival providers. It also formed the basis of an investigation from the European Commission seeking to determine whether Microsoft's cloud practices are anti-competitive. But the growth of the unnamed cloud vendor's profit margins didn't match Microsoft's, and in fact the competing cloud vendor saw their margins fall from a positive mid-twenties percentage in 2018 to double-digit negative profit margins in 2023. The biggest decline in profit margins for this cloud firm occurred in 2019, the same year Microsoft changed its licensing terms to favor licensing software on Azure, the CISPE said.

Persons: Igor Golovniov, Redmond, Brad Smith, CISPE, Frederic Jenny, Jenny Organizations: Ofcom, Microsoft, Getty, European Union, Software Assurance, Google, Italy's, Big Tech, European Commission, CNBC, Amazon, Windows, ESSEC Business School Locations: Europe, CISPE, Washington, Italy's Aruba, Paris

Elena Perova | Istock | Getty ImagesJust ahead of the holiday season, Walmart had encouraging news for inflation-weary shoppers: Prices on food and other staples were falling instead of rising. But the retail giant backpedaled this week, saying higher prices on many grocery items and household staples like paper goods have stuck. Food prices climbed 2.6%, fueled by a 5.1% jump in prices for food away from home, a category that includes restaurant meals and vending machine purchases. That gives their makers the ability to keep raising prices to mitigate higher costs, even as their volume drops. Even some of the biggest U.S. brands have signaled that consumers' tolerance of higher prices has worn thin.

Persons: Elena Perova, John David Rainey, Coke, James Quincey, Gregory Daco, airfares, Tyson, Fernando Fernandez, Arun Sundaram, Kraft Heinz, Chocolate, Hershey, Edward Jones, Brittany Quatrochi, Sundaram, Pringles, Kellanova, Heinz, Stefani Reynolds, Brad Thomas, CFRA's Sundaram, Thomas, Frederic J, Brown, Oscar Mayer, Greg Melich Organizations: Istock, Walmart, CNBC, Federal, Depot, Pew Research Center, Maine Foods, Unilever, Nestle, Bloomberg, Getty, Planters, Target, Kroger, AFP, U.S, PepsiCo, Frito, Evercore ISI Locations: Hershey , Pennsylvania, North America, Washington ,, Rosemead , California

☆ Einstein's last message was a dire warning against nuclear war that's still relevant today. Here's what it said.
▼ + stars: | 2024-02-21 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +11 min

A new Netflix docudrama, “ Einstein and the Bomb ,” uses footage and reenactments of the famous scientist and his shifting view of nuclear weapons. It quotes his 1945 Nobel Prize address expressing concern over the future use of nuclear weapons, saying, “The war is won, but the peace is not.”Albert Einstein warned that nuclear weapons could lead to the end of humankind. The general public, and even many men in positions of authority, have not realized what would be involved in a war with nuclear bombs. But we now know, especially since the Bikini test, that nuclear bombs can gradually spread destruction over a very much wider area than had been supposed. Although an agreement to renounce nuclear weapons as part of a general reduction of armaments3 would not afford an ultimate solution, it would serve certain important purposes.

Persons: Einstein, Roosevelt, —, Albert Einstein, Bertrand Russell, Russell, Franklin D, “ Einstein, “, ” Albert Einstein, Stringer, Joseph Rotblat, Rotblat, Frederic Joliot, Curie, Linus Pauling, ”, White Organizations: Service, Einstein, Manhattan Project, Manhattan, Netflix, Central Press, Science, World Affairs, Communist Locations: Germany, Hiroshima, Nagasaki, Manhattan, London , New York, Moscow, East, West, Pearl

☆ Despite strong Lunar New Year holiday data, consumer spending in China isn’t roaring back just yet
▼ + stars: | 2024-02-19 | by ( Laura He | Marc Stewart | ) edition.cnn.com time to read: +6 min

But according to CNN calculations based on official data, the average tourism-related spending per trip was below pre-pandemic levels, as consumer confidence remains weak amid deflationary pressure. However, the most recent holiday season took place over eight days from February 10 to February 18, which was one day more than previous periods. On average, 59.25 million domestic trips per day were made during this holiday period, slightly lower than the 59.29 million trips per day taken in 2019. Movie ticket sales reached a record 8 billion yuan ($1.11 billion) during the eight-day holiday season, according to data released on Sunday by China Film Administration. “The headwinds to growth remain severe and it will take more than a bump in holiday travel for market sentiment to recover,” said Neumann.

Persons: ” Nomura, ”, Frederic Neumann, Neumann, “ Organizations: Beijing CNN, CNN, Ministry of Culture, Tourism, Hangzhou East Railway, National Immigration Administration, China Film Administration, HSBC, China Index Holdings, Shenzhen Component Locations: China, Hong Kong, Beijing, Hangzhou, China's Zhejiang province, Macao, Asia, Shanghai, Shenzhen

BOSTON (AP) — Brandt Clarke scored on a breakaway with 27 seconds left in overtime for his first career goal and the Los Angeles Kings rallied to beat the slumping Boston Bruins 5-4 on Saturday. Photos You Should See View All 33 ImagesJames van Riemsdyk scored twice and added an assist for the Bruins, and Ullmark finished with 30 saves. Van Riemsdyk scored first-period goals on rebounds and Richard scored 13:04 in the second to put Boston up 3-1. Van Riemsdyk had an assist for his third point of the game. It was the second two-goal game for van Riemsdyk since he signed with the Bruins as a free agent last summer.

Persons: — Brandt Clarke, Clarke, David Pastrnak, Linus Ullmark, David Rittich, Anze Kopitar, Matt Roy, Vladislav Gavrikov, Alex Laferriere, Jim Hiller, Angeles, Todd McLellan, Pierre, Luc Dubois, James van Riemsdyk, Ullmark, Trent Frederic, Anthony Richard, Pastrnak, Van Riemsdyk, Richard, Gavrikov, Kevin Shattenkirk, Frederic swooped, Rittich, Morgan Geekie, van Riemsdyk, Andreas Englund, Trevor Lewis, Jake DeBrusk, Mikey Anderson, ___ Organizations: BOSTON, Los Angeles Kings, Boston Bruins, Boston, Kings, NHL, Bruins, Harvard, Nashville, Pittsburgh, Dallas Stars Locations: Boston

☆ Former Fed Governor Frederic Mishkin: The Fed will be very cautious about lowering rates
▼ + stars: | 2024-02-13 | 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 EmailFormer Fed Governor Frederic Mishkin: The Fed will be very cautious about lowering ratesFrederic Mishkin, former Federal Reserve Governor and Columbia University professor, joins CNBC's 'Squawk Box' to discuss what the latest CPI report means for the Fed and more.

Persons: Frederic Mishkin Organizations: Former, Federal Reserve Governor, Columbia University, Fed

☆ Herculaneum scrolls: Philosopher’s words emerge from ancient artifacts
▼ + stars: | 2024-02-10 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

And now, researchers investigating artifacts from the neighboring city of Herculaneum are using new technology to peek beneath Vesuvius’ blanket of ash and mud to uncover more of history’s best kept secrets. The wonderOne of the Herculaneum scrolls undergoes analysis using lasers. EduceLab/University of KentuckyArtificial intelligence has revealed the first nearly complete passages to be decoded from the charred, brittle Herculaneum scrolls. Mimas could change the way scientists understand ocean worlds across our solar system, which may harbor life beyond Earth. They find wonder in planets beyond our solar system and discoveries from the ancient world.

Persons: Julius Caesar’s, papyrologists, Philodemus, ”, Roger Macfarlane, Drake, Nima Sarikhani, Joshua Newton, Frédéric, IMCCE Mimas, —, Ashley Strickland, Katie Hunt Organizations: CNN, University of Kentucky, Brigham Young University, Wildlife, Perth Zoo, Curtin University’s School, Molecular, Life Sciences, “, PACE, CNN Space, Science Locations: Herculaneum, South America, Antarctica, British, Western, London

LAS VEGAS (AP) — Andra Day normally deals with with nervousness before any big show — especially in front of her peers. On Sunday, Day will certainly use the same approach before she graces the Super Bowl stage as a pregame performer. She's set to perform “ Lift Every Voice and Sing ” ahead of the Kansas City Chiefs matchup against the San Francisco 49ers at Allegiant Stadium. Last week, she earned a standing ovation after her performance at the Recording Academy's Black Music Collective event in Los Angeles. The sound is different.”___To see more of AP’s Super Bowl coverage, visit: https://apnews.com/hub/super-bowl

Persons: — Andra, She's, “, I'm, Reba McEntire, Post Malone, Usher, Clive Davis, Stevie Wonder, Gladys Knight, Dionne Warwick, Keyshia Cole, Frederic Yonnet, ”, Billie Holiday, Billie Holiday ”, Cassandra, She'll, Day, I've Organizations: LAS VEGAS, Kansas City Chiefs, San Francisco 49ers, Allegiant, Press, Post, American, Globe Locations: America, Los Angeles, United States

☆ Saturn’s ‘Death Star’ moon is hiding an internal ocean, scientists say
▼ + stars: | 2024-02-07 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

CNN —Astronomers have uncovered additional evidence that one of Saturn’s smallest moons, Mimas, is hiding a global ocean beneath its icy surface. Discovered in 1789 by English astronomer William Herschel as a tiny dot near Saturn, Mimas was first imaged from space by the Voyager probes in 1980. Craters cover the surface of Mimas, but the largest one is 80 miles (about 130 kilometers) across and causes the moon to resemble the Death Star from the “Star Wars” films. But Saturn’s Enceladus appears younger because active geysers have contributed to resurfacing, or depositing of new, fresh material on that moon’s surface. “Mimas certainly demonstrates that moons with old surfaces can be hiding young oceans, which is pretty exciting,” Rhoden said.

Persons: Mimas, Cassini, William Herschel, Observatoire, Dr, Valéry Lainey, Lainey, ”, Nick Cooper, Saturn, ” Lainey, “, Triton, Frédéric, ” Cooper, “ Lainey, Matija Ćuk, Alyssa Rose Rhoden, Rhoden Organizations: CNN —, Saturn, Voyager, “, Physical, Chemical Sciences, Queen Mary University of London, NASA, Clipper, SETI Institute, Southwest Research Locations: Paris, California, Colorado

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