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☆ Tension with Israel represents only one of Biden’s immense election challenges
▼ + stars: | 2024-05-10 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

New York prosecutors claim he falsified business records to hide a payment to Stormy Daniels in an early act of election interference in 2016. Trump’s base voters have no problems either with his criminal trials or his false claims that he was cheated out of office. Israel may be far from the biggest worry for Trump’s campaignPolls consistently show that voters care most about the economy. And voters who say the economy is very important to their vote backed Trump over Biden 62% to 30%. It’s not clear that heated Republicans attacks on Biden over Israel Thursday will seriously wound him with his own voters.

Persons: Joe Biden, Biden, Donald Trump –, pollsters, Trump, Stormy Daniels, He’s, Biden outpolls, Trump’s, CNN’s Erin Burnett, Burnett, ”, ” Biden, ’, George H.W, Bush, ” Bush, Bill Clinton, Clinton, Israel —, Benjamin Netanyahu, Netanyahu, Republican Sen, Thom Tillis, GOP Sen, Josh Hawley Organizations: CNN, New, Republican, Biden, Federal, Capitol, Arab American, Hamas, Israel, Israel Thursday, GOP, Capitol Hill, Democratic Locations: Wisconsin, East, Ukraine, Gaza, America, Manhattan, New York, it’s, Israel, United States, Arkansas, Scranton, Gazan, Rafah, Michigan, Missouri

☆ Social media platforms race to address AI-generated images ahead of November election
▼ + stars: | 2024-05-10 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

New York CNN —Big Tech is racing to address the stream of A.I.-generated images inundating social media platforms before the machine-crafted renderings further contaminate the information space. TikTok announced on Thursday that it will begin labeling A.I.-generated content. (Notably, Elon Musk’s X has not announced any plans to label A.I.-generated content.) Social media giants have reams of rules prohibiting certain content on their platforms, but history has repeatedly shown that they have often failed to adequately enforce them and allowed malicious content to spread to the masses before taking action. That poor record doesn’t inspire much confidence as A.I.-created images increasingly bombard the information environment — particularly as the U.S. hurtles toward an unprecedented election with democracy itself at stake.

Persons: TikTok, Elon Musk’s, OpenAI, Katy Perry, ”, Perry, ” Perry Organizations: New York CNN, Big Tech, YouTube, Microsoft, Social Locations: New York, Silicon

☆ Why Your Chocolate Fix Is About to Get More Expensive
▼ + stars: | 2024-05-10 | by ( J. Edward Moreno | ) www.nytimes.com time to read: +1 min

A failed crop, followed by a wave of financial speculation, put cocoa prices on a roller coaster this year, rattling an industry reliant on inexpensive crops and labor. For much of the past decade, the price of cocoa in one key global benchmark hovered around $2,500 per metric ton. They pushed the price above $6,000 a ton in February, $9,000 a ton in March and $11,000 a ton in mid-April. Since then, the price has swung wildly, falling nearly 30 percent in just two weeks before bouncing up again. Large food companies have been raising prices and warning that they’ll have to continue to do so if cocoa doesn’t stabilize.

Persons: they’ve Locations: West Africa

☆ Use this script to ask about remote work in a job interview—it won't raise any red flags with your potential new boss
▼ + stars: | 2024-05-10 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +1 min

Despite a global pandemic which forced millions of workers to do their jobs from home, some CEOs have made it clear they don't believe remote work is the future. Last year, Meta CEO Mark Zuckerberg said in-person workers "get more done." Depending on where management stands on remote work, though, this could raise some red flags about you. The question could be interpreted as you having a poor work ethic, says Matt Abrahams, a Stanford University lecturer and communication expert. If you frame it correctly, though, you can get your answer and not set off any alarms in your potential manager's head.

Persons: Mark Zuckerberg, Elon Musk, Tesla, Matt Abrahams Organizations: Stanford University

The “stretched” consumerBetter than expected quarterly earnings have helped propel the S&P 500 to within a whisker of a record high on Friday. But Wall Street and Washington are closely monitoring another worrying economic indicator: the struggling consumer. The split-screen view of the economy is becoming clearer as earnings season draws to a close. Mass-market brands, like the fast-food companies McDonald’s, KFC and Starbucks, have reported that a lot of customers are pulling back on spending as high inflation bites. This is “an economy of the haves and have-nots,” Michael Reid, an economist for RBC Capital Markets, told DealBook.

Persons: Biden, ” Michael Reid, DealBook Organizations: KFC, Starbucks, RBC Capital Markets Locations: Washington

☆ Japan aging: Women’s participation in ‘naked festival’ a sign of how aging is forcing changes to male-centric traditions
▼ + stars: | 2024-05-10 | by ( Himari Semans | Chris Lau | ) edition.cnn.com time to read: +8 min

Tokyo/Hong Kong CNN —With a history spanning more than 1,200 years, “hadaka matsuri,” or the naked festival, is Japanese masculinity on full display. Some women in Japan still battle deep-rooted cultural expectations that require them to take the role of “shufu,” or housewife, experts say. But in the naked festival, women have recently found hope. Men strip naked — except for a delicate piece of crotch-covering white loincloth — to take part in the naked festival at Konomiya Shrine on February 22, 2024. Women — donning happi, a traditional festive coat — are responsible for carrying a bamboo offering during the naked festival at Konomiya Shrine on February 22, 2024.

Persons: —, Saudi Arabia —, “, Christopher Gallagher, ”, we’ve, ” Haruhiko, Atsuko Tamakoshi, Chris Gallagher, Enyukai, Ayaka Suzuki, Mitsuko Tottori, Yoko Kamikawa, Fumio, Kaori Katada, Hiyori Kon, Sumo, won’t Organizations: Hong Kong CNN, Economic, Japan, Reuters, Mikiko, Hosei University, pre, CNN, ”, Ministry of Health, ” Eto, Organization for Economic Cooperation, Development, Japan Airlines, Netflix, Little Locations: Tokyo, Hong Kong, Japan, jostle, Germany, Britain, United States, India, Saudi Arabia, Konomiya Shrine, Konomiya

☆ Want to invest in real estate without dealing with tenants or leaky roofs? Buy these 13 stocks with major rebound potential instead, a strategy chief says.
▼ + stars: | 2024-05-10 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

However, there's an easy way to invest in real estate without breaking the bank or even leaving the couch: buying real-estate stocks, which BMO Capital Markets finds increasingly attractive. But, contrary to what many investors believe, higher rates don't always hurt real-estate stocks, Belski wrote. AdvertisementThe market's misleading narrative about real-estate stocks has made the group remarkably cheap relative to its solid fundamentals, in Belski's view. "The severity of underperformance appears mismatched with the fundamental underpinnings of the group," Belski wrote. 13 real-estate stocks set to outperformInvestors looking to diversify their portfolios should consider 13 stocks in the real-estate sector with outperform ratings from BMO Capital Markets.

Persons: —, Brian Belski, Belski, it's Organizations: Service, Business, BMO Capital Markets, BMO, doesn't Locations: Montreal

☆ India election and economy: Meet the winners of rising power’s boom
▼ + stars: | 2024-05-10 | by ( Jessie Yeung | Noemi Cassanelli | ) edition.cnn.com time to read: +14 min

Mumbai, India CNN —As Indians head to the polls in a massive ongoing nationwide election, much attention has focused on the country’s explosive growth under Prime Minister Narendra Modi’s leadership. There is expected to be 740 million active smartphone users in India by 2030, according to EY India. “I wanted to make similar shoes that were printed with ‘Made in India,’” Shah says. After four years of trial and error, Shah Shoes was born. Some 17 years on, Shah Shoes has helped support his family back in Bihar, including six siblings.

Persons: Narendra Modi’s, — Modi, Javed Khatri, Noemi Cassanelli, he’d, Khatri, “, ”, –, ’, Apoorva Mukhija, —, Instagram, Mukhija, ” Mukhija, That’s, she’s, she’d, Jameel Shah, CNN Jameel Shah, Shah, wasn’t, CNN Shah, Kylie Minogue, ” Shah, ‘, ’ ” Shah, Shah Shoes, Priyanka Chopra, Katrina Kaif, He’s, Modi’s Organizations: India CNN, Bharatiya Janata Party, BJP, CNN, EY, World Bank, Facebook Locations: Mumbai, India, “, Bangalore, Silicon, ”, EY India, Dubai, London, California, …, Delhi, Bihar, India’s, Dharavi, Australian

☆ Racism Alleged at Multiple Globe Life Affiliates
▼ + stars: | 2024-05-10 | by ( Susan Antilla | ) www.businessinsider.com time to read: +20 min

"If I'd brought it up, I would have been blackballed," he told BI. She told BI that Lobello frequently sent her racist memes he found online that contained the N-word. AdvertisementBell, in the hat at right, at a team dinner for an AIL agency then known as Giglione-Ackerman. In the areas she was assigned, she told BI, "most of the people were uninsurable" because of poor health, hard drug use, and poverty. If you work at Globe Life or AIL and have information to share about the company, please contact Susan Antilla at susan.antilla1@gmail.com .

Persons: Domenico Bertini, Chris Selejan, Rob Gray, James " Bo, E, Gentile, Organization —, Frank Svoboda, Warren Buffett's Berkshire Hathaway, Fuzzy Panda, Scott Dehning, AIL, Dehning, Jennifer Haworth, I'd, John L, Ann Marie Arcadi, Gray, Eric Giglione, Giglione, Bell, He'd, Brian W, Fraser, Popeyes, Morgan Lobello, Lobello she'd, y'all, Lobello, David Zophin, Ackerman, Andy Mercado, texted, quieted, Bell's, Raynaldo Lafontant, David Ackerman, Lafontant, Mercado, Sarah Reay, Reay, Debra Gamble, Gamble, Nicole Korkolis, Donnaya Presberry, Presberry, Abeni, Mayfield, Amy Williamson, Abeni Mayfield, Rosem Morton, Silvana Pajor Flores, Pajor Flores, Susan Antilla Organizations: Globe Life, Business, Globe, New York Stock Exchange, Texas Rangers, Dallas Cowboys, Organization, BI, Department of Justice, Research, Latina, Ackerman Agency, New Jersey Superior Court, SEAT, Giglione, Commission, Professional Employees International Union, Liberty National Division, Liberty National, Edison, AIL Locations: Kentucky, Bertini, Pennsylvania, McKinney , Texas, Michigan, West Virginia, New Jersey, Argentina, Aurora , Colorado, Edison , New Jersey, Edison, Giglione, Morgantown , West Virginia, Moon Township , Pennsylvania, Pittsburgh, Columbia , Maryland, Cumberland , Maryland, Kansas, Waco , Texas, Colorado, AIL, susan.antilla1@gmail.com

☆ Eurovision is back, but will Baby Lasagne or Nemo triumph? Your complete guide
▼ + stars: | 2024-05-10 | by ( Rob Picheta | ) edition.cnn.com time to read: +11 min

“People are like ‘OK, Sweden is the spiritual home of Eurovision’ – I see Eurovision as this moving entity,” she tells CNN. “The whole product, ABBA, is a vibe, isn’t it?”ABBA sing "Waterloo" at Eurovision 50 years ago. But ABBA are the past; Baby Lasagne, Windows95Man and Nemo – a person, not a fish – are very much the present. This year’s slim favorite is Baby Lasagne, whose arena-pounding anthem “Rim Tim Tagi Dim” describes a brain drain affecting Croatian towns. He credits his fiancée with helping him launch his career – “She’s the lasagne, and I’m just the baby,” he tells CNN.

Persons: Paul Anka, Abba –, Loreen, –, “, Loreen –, they’ve, ” Loreen, Olle Lindeborg, Lasagne, Nemo, Sarah Bonnici, aga, you’d, Music ”, Dominic Lipinski, Marcus, Martinus, ”, – “, I’m, Switzerland’s Nemo, ” Nemo, ” Joost Klein's, Jens Büttner, Joost Klein, Teemu Keisteri, he’s, Windows95Man, it’s, Belgium’s Mustii, Bonnie Tyler’s, Sanjin, Marina Satti, Hera Bjork, ” Saba, Slimane, who’s, ” Poland’s Luna, Jeff Spicer, ” we’re, Luna “, doesn’t, we’re, ” Portugal’s, … “, Alyona Alyona, Jerry Heil, Jens Bittner, ” Joost Klein, bro, airdropped, Angelina, Greta Thunberg, Eden Golan, audibly, they’ll, oddballs gunning Organizations: CNN, Waterloo, Malmo, Eurovision, Getty, Pulitzer, aga … aaa, aaa, United, Music, MAG, San, ” “ Hurricanes, Israel, European Broadcasting Union Locations: Sweden, AFP, Malmo, Europe, Armenia, wail, Gaza, Israel

The results of pure-breeding, on display starting this Saturday at the Westminster Kennel Club Dog Show in New York, are profound. Erich Andres/United Archives, via Getty Images Modern shepherds have more pronounced slopes A German shepherd at the 2013 Westminster Kennel Club Dog Show. Imagno/Getty Images Modern pugs have smushed, round faces A pug at the 2013 Westminster Kennel Club Dog Show. Fox Photos/Getty Images Modern chows are slightly larger, with more fluffy fur A chow at the 2013 Westminster Kennel Club Dog Show. Fox Photos/Getty Images Modern bull terriers have more football-shaped heads A bull terrier at the 2013 Westminster Kennel Club Dog Show.

Persons: Davis, Erich Andres, Fred R, Conrad, Danika Bannasch, Cane Corso, Pugs, Imagno, Chow chows, chow, Bull Organizations: American Kennel Club, University of California, Wisdom Health, Westminster Kennel, Danes, United, Getty, The New York Times, Fox, American Kennel Locations: Finland, New York, Rhodesian

☆ Asia heatwave: Record temperatures cancel classes, widening learning gaps across Southeast Asia
▼ + stars: | 2024-05-09 | by ( Heather Chen | Kathleen Magramo | ) edition.cnn.com time to read: +8 min

His class of 43 students pass around mini hand-held fans during lessons on most days to keep cool. More than 33 million children were impacted as a result of the heatwave, according to groups like Save the Children and UNICEF. The worst hit were poor children in rural areas whose families couldn’t afford devices like laptops and tablets to facilitate remote learning, UNICEF says. “We don’t allow children outside when temperatures get too hot,” said Bong Samreth, who teaches at a public school in Phnom Penh. Loose, lightweight and light colored clothing was also advised for students to protect them from sunburns and heat exposure.

Persons: Seila, ”, “, —, Sheldon Yett, ” Yett, Bong Samreth, Ezra Acayan, Benjo Basas, Basas, Mirasol, Hang Chuon Naron, Ferdinand Marcos Jr, Chaideer Mahyuddin, it’s, Joy Reyes Organizations: Hong Kong CNN, CNN, Children, UNICEF, UN, ”, Volunteers, Getty, Governments Locations: Hong Kong, Cambodia, Phnom Penh, South, Southeast Asia, Bangladesh, Philippines, Tondo, Manila, Pangasinan, Philippine, Banda Aceh, Indonesia, AFP

☆ JPMorgan recommends Affirm after plunge: 'Not letting a good sell off go to waste'
▼ + stars: | 2024-05-09 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Investors shouldn't be spooked by Affirm 's post-earnings sell-off, according to JPMorgan. Analyst Reginald Smith upgraded the buy-now-pay-later stock to overweight from neutral on Thursday, a day after the stock dropped following its latest earnings report. As Smith put it in the headline of his upgrade to clients, we're "not letting a good sell off go to waste." Affirm reported $576 million in revenue for the fiscal third quarter, topping the consensus forecast of $550 million from analysts polled by FactSet. The company also issued strong current-quarter guidance for revenue and gross merchandise volume, which is the total dollar amount of all transactions made through Affirm.

Persons: Reginald Smith, Smith, that's, Shopify Organizations: JPMorgan, FactSet, Bloomberg

☆ Not all ultra-processed foods are created equal. Here are the 4 UPFs linked with early death in a study.
▼ + stars: | 2024-05-09 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +5 min

Eating certain types of UPFs carries a higher risk of early death than others, a new study found. AdvertisementPeople who eat a lot of ultra-processed foods are more likely to die early than those who don't, according to a study. Chan School of Public Health, told CNN that the association between UPFs and early death was "moderate" and not equally strong among all UPFs. Notably, a recent study linked UPFs to 32 health problems, including cancer, cardiovascular disease, and depression. To address these concerns, the researchers placed UPFs into nine groups to assess if some foods had a greater impact than others.

Persons: —, Mingyang, Harvard T.H, UPF, Gunter Kuhnle Organizations: Service, Harvard, of Public Health, CNN, University of Reading Locations: Chan, UPFs

☆ Tyler Boebert still hasn't gotten a lawyer for his theft case: 'I've gotten a lot closer on working things out'
▼ + stars: | 2024-05-09 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +4 min

Tyler Boebert, son of GOP Rep. Lauren Boebert, says he still doesn't have a lawyer for his criminal case. AdvertisementGOP Rep. Lauren Boebert's teenage son, Tyler Boebert, appears to have dragged his feet in getting a lawyer to represent him in his criminal case. Police say Tyler Boebert was spotted in a Colorado store where a stolen credit card was used. I wish you'd turned in that application a little sooner," Neiley told Tyler Boebert. Rep. Lauren Boebert.

Persons: Tyler Boebert, Lauren Boebert, —, Lauren Boebert's, I've, John Neiley, you'd, Neiley, Boebert, wouldn't, Elizabeth Frantz, Tyler Organizations: GOP, Service, Courthouse, Judicial, Police, Rifle Police Department, The Washington, Getty, Colorado congresswoman Locations: Colorado, Colorado's Garfield, Garfield, , Colorado, Rifle , Colorado

☆ India elections: Asia’s most powerful billionaires Ambani, Adani are getting drawn in after Modi’s speech
▼ + stars: | 2024-05-09 | by ( Diksha Madhok | ) edition.cnn.com time to read: +6 min

New Delhi CNN —Two of the planet’s richest businessmen are becoming embroiled in India’s increasingly divisive election campaign. “Why has Shahzade Ji stopped talking of Ambani and Adani in this election all of sudden? “How much money have you taken from Ambani and Adani?” he said at the rally. Adani took over NDTV, an influential broadcaster, in 2022, while Ambani owns Network 18, which includes the CNN-News18 TV channel, a CNN affiliate. Billionaire RajIn the last decade, both Ambani and Adani have stunned the world with their success and influence.

Persons: Narendra Modi, Modi, Mukesh Ambani, Gautam Adani, Ambani, Ji, ” Modi, Rahul Gandhi, ”, Gandhi, Modi ” Gandhi, “, Abhinandan Sekhri, Adani, Billionaire Raj, Cassanelli, Jeff Bezos, Hindenburg’s, ferociously Organizations: New, New Delhi CNN, Reliance Industries, Adani, Indian National Congress, Reliance, CNN, India’s, Bank of India, NDTV, Billionaire, Bloomberg, Hindenburg Locations: New Delhi, India, Asia, American

☆ Apple apologizes for its controversial iPad Pro ad
▼ + stars: | 2024-05-09 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —Apple has apologized and admitted it “missed the mark” with its latest iPad Pro advertisement. The ad, posted on social media Tuesday by Apple CEO Tim Cook, was met with backlash from internet users who felt that the ad celebrated technology’s destruction of human creativity and art. As the metal slabs of the hydraulic press lift, Apple’s new iPad Pro is revealed. “Meet the new iPad Pro: the thinnest product we’ve ever created, the most advanced display we’ve ever produced, with the incredible power of the M4 chip. Actor Hugh Grant wrote on social media that Apple’s ad represented “the destruction of the human experience.”Apple no longer plans to run the ad on TV, according to AdAge.

Persons: Apple, “, Tim Cook, Tor Myhren, ” Myhren, ” Apple, ” Cook, ”, Hugh Grant Organizations: CNN, Apple

Even as it has become increasingly clear that the bird flu outbreak on the nation’s dairy farms began months earlier — and is probably much more widespread — than previously thought, federal authorities have emphasized that the virus poses little risk to humans. Yet there is a group of people who are at high risk for infection: the estimated 100,000 men and women who work on those farms. That leaves the workers and their families vulnerable to a poorly tracked pathogen. And it poses broader public health risks. If the virus were to find its way into the wider population, experts say, dairy workers would be a likely route.

Persons: ”, Jennifer Nuzzo Organizations: Pandemic, Brown University School of Public Health

☆ Sexism, Cheating, and Nightclubs: Inside the Dark Heart of Chess
▼ + stars: | 2024-05-09 | by ( Rob Price | ) www.businessinsider.com time to read: +18 min

Socialites are playing chess on "The Real Housewives of New York City." In 1990, according to the US Chess Federation, only 4% of chess players were women. Out in the world, chess' resurgence has been accompanied by a wave of new clubs and events. I made a pilgrimage to the Marshall Chess Club, a 109-year-old institution in Greenwich Village. The following evening, I went to an East Village bar and found a very different scene at Club Chess.

Persons: we'd, she'd, I'd, festers, Judit Polgár, Gary Kasparov, —, Juliana Gallin, Jennifer Shahade, Alejandro Ramírez, Ramírez —, Ramírez, Shahade, Levy, Hikaru Nakamura, Rey, Anna Cramling, Miguel Pereira, Cramling, Nakamura, Bill Withers, Frank Marshall, Alexander Luke Bahta —, athleisure, you've, it's, Magnus Carlsen, Hans Niemann, Carlsen, Niemann, Dean Mouhtaropoulos, I've, Kasparov, they're, Vladimir Kramnik, Chess.com, Kramnik, Fabiano Caruana, Dan Timbrell, doesn't Organizations: Mechanics ' Institute, Housewives, New, US Chess Federation, FIDE, Washington Post, Marshall Chess Club, Chess, The Guardian, New York, whacking, Computer, YouTube Locations: San Francisco, New York City, Berkeley , California, Greenwich Village, hipsters, American, East, Canadian, Romanian, Netherlands, It's, New York, Russian

☆ Masimo seeks to stave off proxy fight with Politan, makes settlement offer
▼ + stars: | 2024-05-09 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Health-tech firm Masimo , facing the imminent threat of litigation and a second proxy contest, offered a settlement to Politan Capital's Quentin Koffey on Thursday that would fill a vacant board seat with one of the activist's proposed directors. The company is trying to spin off its consumer technology division in concert with an unspecified joint-venture partner, CEO Joe Kiani said earlier this year. The settlement offer would not have been possible without the imminent resignation of current director Rolf Classon, whose departure was attributed to "personal health reasons." Koffey waged a successful proxy fight at Masimo last year earning himself and another nominee representation on Masimo's six-person board. Politan launched a second proxy fight to oust Kiani earlier this year, saying that the "absence of oversight has been damaging for shareholders."

Persons: Politan Capital's Quentin Koffey, Masimo's, Craig Reynolds, William Jellison, Joe Kiani, Koffey, Masimo, Rolf Classon, Politan, Kiani Organizations: Masimo Locations: Kiani

☆ Here’s what North American airline passengers think about the state of air travel
▼ + stars: | 2024-05-08 | by ( Francesca Street | ) edition.cnn.com time to read: +5 min

Power’s 2024 North American Airline Satisfaction Study. Power hasn’t revealed an overall North American airline passenger satisfaction score, with Mike Taylor, travel intelligence lead at J.D. Power’s top North American airlines for economy passengers1. Power’s top North American airlines for premium economy passengers1. Power’s top North American airlines for first/business passengers1.

Persons: –, Power hasn’t, Mike Taylor, That’s, Tony Gutierrez, ”, Taylor, “, ” Taylor Organizations: CNN, North, Southwest Airlines, Southwest, Delta Air Lines, Delta, JetBlue, AP, ” Airlines, Allegiant, Alaska Airlines, JetBlue Airways, American Airlines, United Airlines, Air Canada, Spirit Airlines, Frontier Airlines, Delta Air, . Alaska Airlines, Air Locations: ., J.D, Power, Delta, North America

☆ Beer giant AB InBev beats profit estimates, with Bud Light boycott set to ease one year on
▼ + stars: | 2024-05-08 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

AB InBev Budweiser and Bud Light brand beer cans at a store in the Queens borough of New York on Feb. 28, 2024. Shares of Belgium's AB InBev rose 5% Wednesday morning after the company posted higher revenue and profit in the first quarter, as analysts said it had escaped the drag from a year-long boycott of its Bud Light brand relatively unscathed. The company nonetheless managed to increase revenue by 7.8% last year, driven by higher sales in the Asia-Pacific and Central America regions. The first-quarter results showed a 11.1% drop in sales of AB InBev's own beer brands in North America, which it said was primarily due to Bud Light. The results also flagged growth in its Corona brand, particularly for its non-alcoholic beer brand Corona Cero.

Persons: Stella Artois, Bud Light, influencer Dylan Mulvaney, Donald Trump, Jason Warner Organizations: InBev Budweiser, Bud Light, Belgium's, InBev, Light, Corona, Former U.S, InBev's, U.K, Revenue Locations: Queens, New York, Asia, Pacific, Central America, North America, China, Brazil, Colombia, Europe, Mexico, South Africa, Corona

☆ These 15 cities offer the best opportunities for first-time homebuyers with median prices under $292,000 and little competition in the market, according to SmartAsset
▼ + stars: | 2024-05-08 | by ( William Edwards | ) www.businessinsider.com time to read: +1 min

It's a difficult time for first-time homebuyers amid poor housing affordability levels. In a recent analysis, SmartAsset ranked 192 US cities for new homebuyer favorability. The ranking considers median home prices, competition levels, and more. This has crushed affordability, putting housing payments at roughly their most expensive levels relative to incomes in four decades. This story is available exclusively to Business Insider subscribers.

Persons: SmartAsset, — Organizations: Service, Business

☆ The EV market isn't in peril. It's just changing.
▼ + stars: | 2024-05-08 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

The rate of EV sales has been slowing for about a year, major automakers have pulled back on their previously lofty EV goals, and even electric car-giant Tesla is faltering. Demand for electric vehicles hasn't dried up completelyDemand for expensive EVs has softened significantly, but an opening exists in the affordable market. A new generation of electric car shoppers are looking for different options than their early-adopting counterparts. Essentially every major automotive company at this point has built its future around selling more electric vehicles. The real divide here is not between hybrids and EVs, but between legacy car companies and EV-only startups.

Persons: —, it's, Power, It's, Elon Musk Organizations: Service, Business, EV, Companies, Ford, GM Locations: EVs

☆ We asked a parasite expert about RFK Jr.'s claim that a worm ate his brain. Here's what they said.
▼ + stars: | 2024-05-08 | by ( Geoff Weiss | Paul Squire | ) www.businessinsider.com time to read: +3 min

This story is available exclusively to Business Insider subscribers. His campaign's press secretary confirmed that Kennedy was infected with a parasite 10 years ago and said it was resolved. His campaign told Business Insider that Kennedy is in "robust physical and mental health" and said questioning his fitness is a "hilarious suggestion, given his competition." One medical expert told Business Insider that Kennedy's version of events doesn't quite add up. But there's no way the larvae could have consumed Kennedy's brain tissue.

Persons: —, Robert F, Kennedy Jr, — Kennedy, Kennedy, Joe Biden, Donald Trump, Janina Caira, Caira, Peter Hotez, Hotez Organizations: Service, The New York Times, The Times, Business, Times, University of Connecticut, New York Times, Baylor College of Medicine, National, Tropical Medicine Locations: The, South Asia, Texas

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