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☆ How do celebrities get their hands on museum-quality gowns?
▼ + stars: | 2024-05-07 | by ( Leah Dolan | ) edition.cnn.com time to read: +12 min

But today, as more and more celebrities choose to wear vintage, the all-important stretch of red carpet has started to look more like a museum hallway. Kendall Jenner's vintage dress for the 2024 Met Gala. Mugler — the luxury French fashion house responsible for dressing Zendaya in a 30 kilogram full metal robot suit from 1995. Although interest in vintage fashion is rising amongst celebrity clients, not everyone is qualified to physically handle these pieces. John Shearer/WireImage/Getty ImagesFashion’s rat raceBut if these one-of-a-kind pieces are so fragile, and the method of their conservation so exact, how do celebrities even get their hands on them?

Persons: CNN —, Miley Cyrus, Laverne Cox, Olivia Rodrigo, Bob Mackie, ”, Vanessa Friedman, Cardi, Margot Robbie, Jennifer Lawrence, Mugler, Givenchy —, That’s, Kim Kardashian, Marilyn Monroe’s, Emily Ratajkowski, Versace, Zendaya, Givenchy, Kendall Jenner, Kendall Jenner's, Jamie McCarthy, Renée Zellweger, Jean Dessès, Julia Roberts, “ Erin Brockovich, Erin Walsh, Anne Hathaway, Selena Gomez, Sarah Jessica Parker, WWD, Wiktor, ” Adrian Corsin, Law Roach, Jean, Jacques Urcun, Marion Bourdée, Adrian, Julie Ann Clauss, Tom Ford, Calvin Klein, Marc Jacobs, Carolina Herrera, “, John Shearer, Kylie, ” Jenner, Thierry Mugler, Couturissime, ” Bourdée, Kylie Jenner, Ripley’s, ” Mugler, won’t, Walsh, ” Erin Walsh, Valentino, Karwai Tang, We’re, Kendall, ” Corsin, hasn’t Organizations: CNN, New York Times, Givenchy, London, Publishing, Brooklyn, International Council of Museums, , New York, Hollywood, SAG, Vogue Locations: Zendaya, London, France, LA, Mugler, New York, “, , New

☆ How the US became hooked on sports betting – and the cost it’s having on lives
▼ + stars: | 2024-05-03 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +11 min

“I noticed all my memories were really gambling related,” Malek explains to CNN Sport. So right where the AGA and the National Council for Problem Gambling is located – the nation’s capital – they abolished all public funds for problem gambling,” adds Whyte. Ramon Zelaya, the moderator of Reddit’s problem gambling forum, concurs. “I think the pace of innovation right now, particularly as it relates to fan engagement and betting, and in play betting and live betting will continue to increase,” said Maloney. Reportedly there were two specific games in which DraftKings Sportsbook flagged prop bets involving Porter in its daily betting insights.

Persons: CNN —, Saul Malek, he’d, “, ” Malek, I’d, Malek, ”, Michael Reaves, Getty, Dominick Reuter, Joe Maloney, ” Maloney, ” Keith Whyte, Maloney, “ We’re, Al Bello, Whyte, “ We’ve, LeBron James ’, DraftKings, you’re, Greg Olsen, Jared C, Tilton, Adam Silver, Silver, Ramon Zelaya, ” Zelaya, “ I’ve, Sportradar, expained, Candice Ward, Reuters Maloney, Jontay Porter, Porter, “ It’s, Brian Sevald Organizations: CNN, CNN Sport, Gamblers Anonymous, Saturday’s Kentucky Derby, Kentucky Derby, Supreme, District of Columbia, Super, American Gaming, Monmouth, Getty, “, Republicans, National Council, Belmont Park, ESPN, NCAA, NFL, NASCAR Hall of Fame, NBA, Reuters, Sporting, Toronto Raptors Locations: Saturday’s, Churchill, Nevada, Monmouth, Oceanport , New Jersey, AFP, America, New York, Belmont, District, –, North Carolina

☆ Tesla shares drop nearly 6% after Musk cuts about 500 jobs in Supercharger team
▼ + stars: | 2024-04-30 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +5 min

Tesla shares fell nearly 6% on Tuesday following news that CEO Elon Musk was pressing ahead with more job cuts at Tesla , impacting an estimated 500 employees in its Supercharger team. In the email, Musk also expressed consternation that Tesla management hadn't thinned out the company's staff more promptly at his direction. Other laid-off Tesla employees posted publicly about Tesla shrinking the Supercharger team. In cutting that group, Tesla revealed it's throttling the expansion of its Supercharger network in the U.S. The move comes after Tesla struck partnerships with Ford , GM and other industry players ensuring they would manufacture cars using the Tesla NACS (North American Charging Standard) for compatibility with Tesla charging stations, and allowing those companies' customers to use Tesla stations.

Persons: Tesla, Elon Musk, Musk, Rebecca Tinucci, Daniel Ho, Andres Pinter, Pinter, Junheng Li Organizations: EV, CNBC, U.S, Ford, GM, Tesla, U.S . Transportation, Clean Transportation, Baidu, Warren Capital Locations: Tesla, California, United States, U.S, China

☆ Covid caused a ‘massive spike’ in yacht sales — now some of those boats are back on the market
▼ + stars: | 2024-04-30 | by ( Monica Pitrelli | Poonam Binayak | ) www.cnbc.com time to read: +3 min

The pandemic spurred a "massive spike" in yacht sales, said Richard Allen, chief operating officer of the Hong Kong-based yachting company Simpson Marine. "We've seen a lot of those people, that had their boats for two years, sort of now wanting to travel," he told CNBC. Prices in the pre-owned marketEnthusiasm for yachting remains high, even if sales have fallen since 2021, said Casani. Casani and Allen, who spoke to CNBC on April 26 while attending the second annual Singapore Yachting Festival, agreed that the continent's yachting market is growing. "We need to do a lot of lobbying with governments to make it easier to import boats," said Allen.

Persons: Richard Allen, we've, Paolo Casani, Allen —, Allen, Casani Organizations: Simpson, CNBC, Singapore Yachting Festival, International Council of Marine Industry Associations Locations: Hong Kong, Monaco, Asia, Singapore, Indonesia, Philippines, Vietnam

☆ The US is under pressure to lead the way in reducing plastic pollution — but it keeps making more of it
▼ + stars: | 2024-04-25 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +6 min

World leaders are gathering in Ottawa, Ontario, this week to hash out a global treaty to end plastic pollution. This story is available exclusively to Business Insider subscribers. AdvertisementHundreds of businesses and countries support cutting plastic production. Lin represents the Business Coalition for a Global Plastics Treaty, which includes more than 200 companies. Cutting plastic production would also hit the bottom line of oil majors such as Exxon.

Persons: Carroll Muffett, Jose Fernandez, Biden, Allison Lin, Lin, Stewart Harris, Harris, Neil Nathan, Nathan, He's Organizations: Service, Business, Center for International Environmental Law, Organization for Economic Co, Lawrence Berkeley National Laboratory, State Department, Mars Inc, Business Coalition, Global Plastics, Walmart, PepsiCo, International Council of Chemical Association, Oxford Economics, Exxon, The International Energy Agency, UC Santa Barbara, US Locations: Ottawa , Ontario, Russia, Iran, Saudi Arabia, Washington, DC, Paris, Ottawa, Belgium

☆ Promise of Eli Lilly's weight-loss drug for sleep apnea adds another reason to own the stock
▼ + stars: | 2024-04-17 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

Eli Lilly said it plans to ask U.S. regulators to expand Zepbound's label to include obstructive sleep apnea, or OSA, later this year. Shares of Eli Lilly have ridden the GLP-1 craze to new heights over the past few years. The current standard of care for obstructive sleep apnea is positive airway pressure, or PAP, machines, which help keep patients' airways open while they sleep. Analysts projected obstructive sleep apnea revenue of $3 billion. An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023.

Persons: Eli Lilly, Zepbound, it's, Mounjaro, Lilly, Jim Cramer, Jim, Eli Lilly YTD, Morgan Stanley, Jim Cramer's, Eli Lilly’s, Brendan Mcdermid Organizations: Novo Nordisk, GLP, OSA, Mayo, U.S, CNBC, Cleveland Clinic, National Council, Aging, Deutsche Bank, American Diabetes Association, Novo Nordisk's Ozempic, Bank of America Locations: U.S, Novo, New York City

☆ From Sports Betting to Meme Coins, Young Men Are Gambling in Droves
▼ + stars: | 2024-04-16 | by ( Emily Stewart | ) www.businessinsider.com time to read: +9 min

For young men in particular, it's an enticing, if a bit troubling, prospect. For some young men, a level of nihilism about the economy leads to an impetus to take some risks. Along with the rise of new customers, problem-gambling behavior is increasing, especially among young men. The New Jersey report identified a significant prevalence of high-risk stock trading among young men. According to the National Council on Problem Gambling, some 2.5 million Americans have a severe gambling problem, and another 5 million to 8 million have a problem it considers mild or moderate.

Persons: You've, Donald Trump's, Crypto, they're, they've, Timothy Fong, we've, Fong, it's, Kahlil Philander, haven't, Philander, Davids, Goliaths, Warren Buffett, Berkshire Hathaway, Emily Stewart Organizations: GameStop, AMC, NCAA, Pew Research, UCLA, Washington State University, National Council, sportsbooks, Business Locations: America, United States, Berkshire, New Jersey, Atlantic, Jersey, Plenty

☆ Niger: Russian weapons and trainers arrive, weeks after US military agreement ends
▼ + stars: | 2024-04-12 | by ( Michael Rios | Mariya Knight | ) edition.cnn.com time to read: +1 min

CNN —Russia has delivered military equipment to Niger that will provide the African country with the “latest generation of anti-aircraft defense systems,” Nigerien state broadcaster RTN said Thursday. The equipment arrived in Niamey on Wednesday along with 100 Russian military instructors who will install the system and train Nigerien soldiers to use it, RTN added. AFP/Getty ImagesThe arrival of Russian instructors followed a recent phone conversation between Russian President Vladimir Putin and Nigerien General Abdourahamane Tiani on March 26 when the two leaders discussed “ensuring security and combating terrorism.”Since seizing power in a coup last year, Niger’s junta has been strengthening military ties with Russia while turning away from the US and France. Last month, the junta said it was ending an accord with the US that allowed military personnel and civilian staff from the US Department of Defense to operate in Niger. France, Niger’s former colonial ruler, withdrew its troops from the African nation at the end of 2023.

Persons: RTN, Novosti, Seyni, Vladimir Putin, Abdourahamane Tiani Organizations: CNN, RIA Novosti, NATO, Niger's National Council, Safeguard, Getty, Nigerien, US Department of Defense Locations: Russia, Niger, Nigerien, Niamey, Africa, ”, Agust, AFP, France, Niger . France

☆ Former Trump national security advisor John Bolton says Gaza war is still 'in the very early stages'
▼ + stars: | 2024-04-04 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

Former U.S. national security advisor John Bolton believes Israel's war in Gaza is "still in the very early stages" and says it has been complicated by Iran's involvement. Framing the ongoing war between Israel and Hamas as "an Iranian war against Israel," Bolton told CNBC's Dan Murphy: "The fact that Iran has not yet been held to account for any of it, suggests that we're still in the very early stages of the war." "This is not a Gaza versus Israel war, or a Palestinian versus Israel war, or an Arab versus Israel war. This is an Iranian war against Israel, fought through terrorist proxies," he told CNBC on Wednesday. Bolton is a noted foreign policy hawk and has previously advocated for regime change by the U.S. in Iran.

Persons: John Bolton, Bolton, CNBC's Dan Murphy, we're, Israel Organizations: National Security, National Council of Resistance, U.S, Representative, Willard InterContinental Hotel, Washington , DC, Former U.S, Israel, Palestinian Islamist, CNBC, Wednesday, Bolton Locations: Iran, Washington ,, Gaza, Israel, Palestinian, Iranian, U.S, Syrian, Damascus, Tehran

☆ Why hybrid sales surge as EV sales flatten
▼ + stars: | 2024-04-04 | by ( Robert Ferris | In | ) www.cnbc.com time to read: +3 min

After years of being overshadowed by flashy electric vehicles from Tesla and others, the hybrid — a gas sipper that has both an engine and an electric motor — is back in the spotlight. Hybrid sales grew five times faster than EV sales in February 2024, according to Morgan Stanley. But soon after that, Tesla sparked EV mania with its sleek, quick electric Roadster and Model S, shoving the hybrid to the margins. About two years later, sales of hybrids and plug-ins increased nearly 28% over the previous year. Toyota is not the only one capitalizing on hybrid sales.

Persons: Edmunds, Morgan Stanley, Tesla, Ford, Mary Barra Organizations: EV, Toyota Prius, Hollywood, Toyota, Lexus, Hyundai, General Motors, International Council, Clean Transportation Locations: Tesla, U.S, Edmunds, Georgia, North America

ROGA members commit to work together on issues ranging from education, responsible gaming best practices, conscientious advertising and marketing across the industry. Justin Sullivan | Getty ImagesROGA says it will create a certification program to assess members' responsible gaming efforts and provide an incentive for operators to participate. Problem gamblingAn estimated 2 million U.S. adults meet the criteria for a severe gambling problem, according to the National Council on Problem Gambling. Another 5 million to 8 million U.S. adults are considered to have a mild or moderate gambling problem. Problem gambling prompted regulatory crackdowns in Europe and especially in the United Kingdom over the last couple years, impacting sportsbooks' profitability and changing the way they conduct business.

Persons: —, Jennifer Shatley, ROGA, Justin Sullivan, Shohei Ohtani, Ohtani, he's, Jontay Porter, There's, Paul Tonko, Tonko, PrizePicks, FanDuel, Milton Thompson, CNBC it's, it's, Silquia Patel, Eduardo Munoz Organizations: MGM PENN, Penn Entertainment, Online Gaming Association, D.C, Super, Los Angeles Dodgers, NBA, Toronto Raptors, Integrity, Temple University, National Council, . Rep, CNBC, DraftKings, Indiana Gaming, Caesars, American Gaming Association Locations: BetMGM, United States, Washington, Europe, United Kingdom, New York, Indiana, Rhode, Kentucky, East Rutherford , New Jersey, U.S

☆ An 82-year-old who moved to Florida by herself nearly 4 decades ago follows one key tip to avoid loneliness — and it led her to run her first marathon at 60
▼ + stars: | 2024-03-24 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

She loves being active and has found her closest friends through her running group. "It was difficult finding friends, and I didn't know how to make friends," Arguelles told Business Insider. AdvertisementBefore coming to Florida, Arguelles worked in real estate in Chicago, and she found a job in the same field in Florida — but she didn't enjoy it, so she quit. But when she saw a flyer for a running group that was raising money to fight leukemia, she decided to join — and ended up running her first marathon at the age of 60. "I started making friends in that running group, and those friends became a very tight community," Arguelles said.

Persons: Vivien Arguelles, —, Arguelles, didn't, Patrick's, She's, it's, Vivek Murthy, I'd, she's, I'm, Dianne Stone, Stone, we're Organizations: Service, Business, —, National Council, National Institute of Senior Centers Locations: Florida, Cuba, Chicago, Spain, Portugal, Italy

☆ A middle school PTA treasurer stole almost $30,000 from a student-led fundraiser to bet on DraftKings and FanDuel
▼ + stars: | 2024-03-17 | by ( Lauren Edmonds | Kenneth Niemeyer | ) www.businessinsider.com time to read: +4 min

A Maryland man stole $29,000 in proceeds from a middle school fundraiser. AdvertisementA Maryland man stole $29,000 in proceeds from a middle school fundraiser. James Michael Harris, who was the treasurer for the parent-teacher-student association at Stemmers Run Middle School, pleaded guilty to theft in March 2024. BCPS and Stemmers Run Middle School are not responsible for its debts," the school said in a statement. Representatives for Baltimore County Public Schools, World's Finest Chocolates, DraftKings, FanDuel, The Baltimore County State Attorney's Office, and the Baltimore County Police Department did not immediately respond to a request for comment from BI.

Persons: —, James Michael Harris, Harris, FanDuel, Rosemary Roos, Roos, Whitney Organizations: Maryland, Baltimore Banner, Service, Middle, Police, Business, The National Council, University of Buffalo, Middle School, Baltimore County Public Schools, Baltimore County, Attorney's Office, Baltimore County Police Department, Whitney, Baltimore Locations: Baltimore

The intensifying military cooperation between Russia and Niger is central to the dispute between the US and the Nigerien junta, officials said. Russia and Niger agreed to strengthen their military ties in January, Russia’s Defense Ministry said at the time. If the US were forced to withdraw, counterterrorism efforts across the region could take a hit, officials said. In return, Russia is profiting off the region’s natural resources, another official said, including the gold mines in Niger. Several European countries shared this goal, offering a measure of support to the junta, the official noted.

Persons: Michael Langley, Celeste Wallander, Col, Maj, Amadou Abdramane, Langley, Matthew Miller, ” Miller, what’s, Nusrat al, “ Organizations: CNN, US Africa Command, Air Base, American, Nigerien, Russia’s Defense, EU, Pentagon, Kremlin, West, Russian Federation, National Council, Wagner, US Locations: Africa, Russia, Africa . Niger, Niger, United States, America, Nigerien, Sahel, stoking, China, Russian, Central Africa, ”, Niamey, US, Agadez, Mali, Burkina Faso, Abdramane, Western Africa, Northwest Africa

☆ These 8,200-year-old cave paintings are the earliest ever found in South America
▼ + stars: | 2024-03-08 | by ( Story Reuters | ) edition.cnn.com time to read: +2 min

Neuquen, Argentina Reuters —Archaeologists have discovered the earliest dated cave paintings in South America in Argentine Patagonia, dating back 8,200 years. These proved to be the earliest direct dating of cave paintings in South America,” said Dr. Guadalupe Romero Villanueva, author of the research published in the Science Advances journal. The Argentinean archaeologist said the discovery indicates that the production of cave art began in the Huenul cave about 8,000 years ago and that the practice of painting the particular pattern seen in the cave was sustained for a period of at least 3,000 years. A general view of the Huenul 1 cave where scientists discovered the oldest dated cave art in South America, with nearly 8,200 years old, in Neuquen, Argentina March 3, 2024. Villanueva said there are other places in South America that could have older cave paintings, but which only have relative dating, like Argentina’s Cueva de las Manos, with cave paintings dating back 9,500 years.

Persons: “, ”, Guadalupe Romero Villanueva, Miguel Lo Bianco Miguel Lo Bianco, Romero Villanueva, Villanueva, Cueva, las Organizations: Argentina Reuters —, Argentine, REUTERS, National Council for Scientific, Research, las Manos Locations: Neuquen, Argentina, South America, Argentine Patagonia, Chilean, Buenos Aires, Patagonia

☆ Labor unions, domestic manufacturing groups launch coalition to reform de minimis import loophole
▼ + stars: | 2024-03-06 | by ( Chelsey Cox | ) www.cnbc.com time to read: +4 min

-WASHINGTON — Labor unions, domestic manufacturers, business associations and other interest organizations on Wednesday announced a bipartisan coalition to target an import loophole allowing billions of un-taxed goods into the U.S."The coalition we have assembled is a testament to the mounting pressure to close the de minimis loophole," Rep. Earl Blumenauer, D-Ore., said. The ranking member of the House Ways and Means Subcommittee on Trade is working in conjunction with the new Coalition to Close the De Minimis Loophole. CBP said it processed over 1 billion de minimis shipments in FY '23, according to a report last modified on March 1. The company has been valued at over $66 billion according to a November report, while PDD reported third-quarter revenue of $9.44 billion that month. "Our industry has lost astonishingly 10 plants in five months as a result of the de minimis loophole," Glas told reporters.

Persons: Rep, Earl Blumenauer, minimis, Blumenauer, Mike Gallagher, Gallagher, Neal Dunn, Sherrod Brown, Marco Rubio, Dunn, Dan Bishop, Rosa DeLauro, Conn, Shein, PDD, Kim Glas, Glas Organizations: Port, WASHINGTON — Labor, Wednesday, Trade, Coalition, Chinese Communist Party, U.S . Customs, CBP, CNBC, House CCP Committee, PDD Holdings, National Council of Textile Organizations, AFL, Alliance for American Manufacturing, Coalition for, Prosperous Locations: China, Port of Los Angeles, Long Beach , California, U.S, United States, Sens, Ohio, Singapore, Prosperous America

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

☆ How some boomers are overcoming loneliness and finding new friendships in retirement: 'It's been a lifesaver'
▼ + stars: | 2024-03-03 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +17 min

While loneliness among older adults has been an issue for years, the pandemic exacerbated it across all age groups. Some experts told me that cities could help counter loneliness with policies that bolster senior centers and ensure accessibility to vital resources and that governments should invest more in mitigating loneliness for older adults. That's largely why Lamy felt compelled to organize an easy way for older adults in the community to meet and talk to one another. What we know is that isolation and loneliness among older people tend to lead to pretty serious health complications very quickly. So there is a real reason for us to try to help older people find connection."

Persons: Maria Maki, Maki, Andrea Ellen Reed, Buffalo Community Center Andrea Ellen Reed, I've, Vivek Murthy, Gen Zers, Joe Lamy, Lamy, Jovelle Tamayo, Dianne Stone, winder, he'd, Jan, —, that's, that'll, she'd, There's, they'd, Preeti Malani, who've, Malani, Garey Schmidt, Schmidt, Sedona , Arizona Matt Martian Williams, Matt Martian Williams, Sen, Chris Murphy, Murphy, Rick Grossman, Grossman, Stone, we're, Jeff Keilson, Maura Healey, Keilson, it's, we've, BI Murphy, he's Organizations: Buffalo Community Center, BI, National Council, National Institute of Senior Centers, National, Healthy Aging, University of Michigan, Democratic Locations: Buffalo , Minnesota, Buffalo, Seattle, Las Vegas, New York, Chicago, Sedona , Arizona, Flagstaff, someone's, Sedona, Connecticut, Massachusetts

☆ Sports Gambling Was a Gateway Drug to Online Gambling and the Lottery
▼ + stars: | 2024-03-03 | by ( Emily Stewart | ) www.businessinsider.com time to read: +10 min

As the prevalence of online betting grows, there's plenty of revenue to be had. The more people gamble — and the more culturally acceptable gambling becomes — the more possibility gambling addiction becomes a bigger issue. Of course, as fun as sports gambling is — as is gambling in general — it has some serious downsides for society. According to the National Council on Problem Gambling, 2 million Americans have a severe gambling problem, and another 4 million to 6 million a mild or moderate problem. The more people gamble — and the more culturally acceptable gambling becomes — the more possibility gambling addiction becomes a bigger issue.

Persons: Lia Nower, DraftKings, Jason Robins, iGaming, Robins, DraftKings isn't, —, West Virginia —, Chad Beynon, Benyon, they're, Nower, Chris Grove, Grove, There's, let's, I've, legalizes iGaming, Emily Stewart Organizations: Knicks, Sports, Disney, American Gaming Association, NBA, NFL, Center for Gambling Studies, Rutgers University, Golden Nugget, Caesars, MGM, Macquarie, Companies, Atlantic City, Acies Investments, EKG Ventures, Vegas, National Council, Business Locations: Washington, Boston, Dublin, — New Jersey , Connecticut, Delaware , Michigan, Rhode Island , Pennsylvania, West Virginia, New York, Atlantic, New Jersey, Jackpocket, America

☆ Meet the 'forgotten middle' of Americans over 75 about to face a rocky retirement
▼ + stars: | 2024-02-20 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +6 min

The 'Forgotten Middle' group might face difficulties affording necessary housing and care. AdvertisementA crisis is ballooning for middle Americans of retirement age. ”They focused on the potentially bleak financial futures of what they term the "Forgotten Middle." AdvertisementThat “Forgotten Middle” group is only expected to get bigger and more diverse. A University of Southern California and Columbia University analysis found that homeownership rates for lower-income “Forgotten Middle” Americans have fallen by 31% from 1994 to 2018.

Persons: —, ” Sarah Rayel, they’re, ” Rayel, There’s, Sen, John Hickenlooper, won’t Organizations: Service, University of Chicago, Health, University of Michigan, Medicaid, University of Southern, Columbia University, Consumer Finances, National Council, Aging, AARP, Democrat, Savings Locations: NORC, University of Southern California, Colorado

Many Americans believe the United States was founded as a Christian nation, and the idea is energizing some conservative and Republican activists. What does it mean to say America is a Christian nation? Was it only conservatives citing the idea of a Christian nation? Forty-five percent said the U.S. should be a Christian nation, but only a third thought it was one currently. ___Sources: Pew Research Center; Public Religion Research Institute/Brookings; “Was America Founded as a Christian Nation?” by John Fea.

Persons: ”, couldn't, Let's, It's, Benjamin Franklin, Jesus, deists, Franklin D, Roosevelt, Martin Luther King Jr, Christ, John Organizations: Republican, Congregational Church, American, Christian, Soviet Union, National Council of, Pew Research Center, Pew, Constitution, Religion Research Institute, Public Religion Research Institute, Brookings, “, John Fea, Lilly Endowment Inc, AP Locations: United States, U.S, Connecticut, Massachusetts, America, Israel, Christianity, Rhode, Independence, Christian America, Soviet, USA, Brookings

“Losing the love was worse than losing the money,” said Kleinart, 70, who lost tens of thousands to a romance scam over several months. Last year, the Federal Trade Commission received over 64,000 romance scams reports that translated into $1.14 billion in reported losses. Romance scams often target lonely and isolated individuals, according to Will Maxson, assistant director of the Division of Marketing Practices at the FTC. Specifically for older people, romance scams are among the most common scams, said Kathy Stokes, director of fraud prevention at AARP. However, she noted people from all ages can fall for a romance scam.

Persons: Kate Kleinart, ”, Kleinart, Will Maxson, “, —, Kathy Stokes, Genevieve Waterman, Waterman, ” Waterman, scammers, it’s, Stokes, Hey, ” Stokes, Charles Schwab Organizations: Federal Trade Commission, FTC, AARP, National Council, Aging, Associated Press, Charles, Charles Schwab Foundation, Inc, AP Locations: Spain

Low-income mortgage borrowers could get a $2,500 homebuyer credit through Fannie Mae or Freddie Mac. Major mortgage investors Fannie Mae and Freddie Mac are temporarily offering a $2,500 credit to very low-income homebuyers to help offset their down payment and closing costs. The Fannie Mae credit is available through the company's HomeReady program, while people can get the Freddie Mac credit through its Home Possible program. Both Fannie Mae and Freddie Mac have tools that let you see the area median income in a given location. How the $2,500 credit worksIf you qualify for this credit, you'll get the $2,500 through your lender, which Fannie Mae or Freddie Mac later reimburses the lender when your loan is sold.

Persons: Fannie Mae, Freddie Mac, —, Freddie, Fannie Mae's, Freddie Mac's, it's, you'll, Fannie, Eileen Tu, Cyndi Danko, You'll Organizations: Service, Rocket Mortgage, National Council of State, Agencies

☆ Coup juntas threaten to quit West Africa bloc: Here’s what it means for the region — and Russia
▼ + stars: | 2024-02-08 | by ( Elliot Smith | ) www.cnbc.com time to read: +9 min

ACCRA, Ghana - ECOWAS flag with member flags at the second extraordinary summit on the political situation in Burkina Faso, in Accra, Ghana, on February 3, 2022. OUAGADOUGOU, Burkina Faso - Jan. 20, 2023: A banner of Russian President Vladimir Putin is seen during a protest to support the Burkina Faso President Captain Ibrahim Traore and to demand the departure of France's ambassador and military forces. Mali has ruled out leaving WAEMU, while Burkina Faso is considering it. "Mali, Burkina Faso and Niger will likely draw on the extractive sector to improve their weak economies. A recent UN Development Programme report surveyed 5,000 people who had directly experienced a recent coup or unconstitutional change of government, including citizens of Burkina Faso, Chad, Guinea, Mali and Sudan.

Persons: NIPAH DENNIS, Bola Tinubu, Vladimir Putin, Captain Ibrahim Traore, Alex Vines, there'd, Tinubu, Ouattara, —, Vines, Mucahid Durmaz, Verisk Maplecroft, Durmaz, Balima Boureima, insurgencies, Wagner, Niger, specter, Mohamed Bazoum, Rey Byhre Organizations: Getty, Economic, West African States, ECOWAS, Nigerian, Africa, Chatham House, CNBC, Algeria —, West, Cote D'Ivoire, Anadolu Agency, Getty Images, Wagner Group, West African Economic, Monetary Union, CFA, National Council for, UN Locations: ACCRA, Ghana, Burkina Faso, Accra, AFP, Mali, Niger, Sahel, Mauritania, OUAGADOUGOU, Chatham, France, Nigeria, Côte d'Ivoire, Algeria, Malian, Russia, Bamako, Mucahid, West Africa, Togo, Benin, Cote, NIAMEY, NIGER, Niamey, West, U.S, Moscow, WAEMU, Seme, Chad, Guinea, Sudan, The Gambia, Tanzania, Kati

☆ A millennial sports bettor who's wagered nearly $1 million on FanDuel shares the 7 things new gamblers should do — and avoid
▼ + stars: | 2024-02-03 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +9 min

Read previewWhen states across the US started legalizing sports gambling in 2018, Jimmy, a New York-based sports bettor in his 30s, was ready. Since January 2022, Jimmy and his cousin have bet nearly $1 million through FanDuel and netted roughly $35,000 in winnings, according to a document viewed by Business Insider. Don't bet more than you're willing to loseJimmy said establishing a bankroll and unit size are important steps for new bettors. The unit size is the percent of the bankroll — Jimmy said ideally it's 1% — that gamblers dedicate to the typical bet. Despite his success with sports betting, Jimmy said he and his cousin both have part-time jobs.

Persons: —, Jimmy, FanDuel, Jimmy hasn't, they've, they'd, it's, bettor, parlays, shouldn't, Timothy Fong, Don't, he's, we'll Organizations: Service, Business, American Gaming Association, Sports, NCAA, NBA, WNBA, UCLA, Studies, National Council, Virgin Islands Locations: New York, Young, Canada, Virgin

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