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☆ 19 ex-McDonald's workers returned to their old restaurant for a 'Class of 1975' reunion almost 50 years after working together
▼ + stars: | 2024-04-10 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

A group of former McDonald's workers reunited at their old restaurant 50 years later. AdvertisementA group of former McDonald's workers went back to their old restaurant in Missouri for a "Class of 1975" reunion to mark nearly 50 years since they worked together. Courtesy of McDonald'sElhoffer was 16 when she started working at the Hazelwood restaurant, she told BI. AdvertisementThey became close friends while working at the restaurant, Elhoffer said, with some of them playing on the restaurant's softball team. AdvertisementCourtesy of McDonald'sThe biggest change since she started working at McDonald's has been the introduction of drive-thrus, Elhoffer said.

Persons: —, Joan Elhoffer, Elhoffer, they'd, McDonald's, St Louis . Seven Organizations: Service, Michelin, McDonald's, Hamburger University, St Louis Locations: Missouri, Hazelwood, Arkansas , Florida , Ohio, Tennessee, St, McDonald's

☆ Fitch's negative outlook for China is more bad news for its stalling economy
▼ + stars: | 2024-04-10 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Read previewFitch Ratings has cut its outlook for China, adding to the gloom surrounding the world's second-largest economy. It cut its outlook from "stable" to "negative," but maintained its overall rating at "A+." The move comes after Moody's Investor Services, another major credit-rating agency, also downgraded its outlook for China to "negative" in December. As a result Fitch expects economic growth to fall to 4.5% for 2024. The ratings agency said policymakers will probably have no choice but to borrow to address its economic woes.

Persons: —, Fitch, Fitch's Organizations: Service, Business, Moody's Investor Services, Analysts, St Louis Federal Reserve, CSI Locations: China, Beijing

☆ Inside the world of Wordle at the New York Times
▼ + stars: | 2024-03-14 | by ( Saira Mueller | ) edition.cnn.com time to read: +13 min

After the New York Times acquired Wordle from its creator, software engineer Josh Wardle, in January 2022, its player base grew to tens of millions. The New York Times assigned a dedicated editor for Wordle, Tracy Bennett, in November 2022. “You’re even going to be able to play Wordles that predate the New York Times acquisition, which is really fun,” Knight told CNN. What Wordle has done for the New York TimesAside from the editorial strategy, Wordle fits perfectly into the Times’ business plans. For Donna Cona, who has played it since before the Times acquisition, Wordle has become her go-to thing each morning.

Persons: Wordle, Josh Wardle, Everdeen Mason, “, ”, Jonathan Knight, Tracy Bennett, we’re, ” Bennett, “ I’ve, Bennett, Mason, ” Mason, it’s, — Bennett, Knight, “ You’re, ” Knight, “ We’re, —, ’, Donna Cona, I’m, …, Nanny, Cona, Malia Griggs ’, they’re, Malia, Jerrold Griggs —, ” Malia, Griggs ’, Malia it’s, ADIEU, Malia Griggs, “ I’m, Wordle “ Organizations: CNN, New York Times, Times, NYT, Louis, Cities, Fulham, Bournemouth, Bradford, New York, Sydney Melbourne New York, DC Locations: North, ”, Seattle, Aberdeen, Hinsdale, Angeles, Lansing, London, Coventry, Auckland, Wandsworth, Wantage, Vancouver, Wordle, New York City, Columbia , South Carolina, Washington, DC Vermont Wyoming, Hoquiam , Washington, Willowbrook , Illinois

☆ The extravagant Ambani pre-wedding party was an affront to the millions of Indians in poverty, critics say
▼ + stars: | 2024-03-08 | by ( Joshua Zitser | Spriha Srivastava | ) www.businessinsider.com time to read: +5 min

But critics say it showed a telling disregard for the struggles of the many millions of Indians living in poverty. Spanning three days, the pre-nuptial event included a private performance by Rihanna, which estimates suggest cost up to $9 million. AdvertisementTripathi pointed out that 800 million of India's 1.4 billion population receive monthly food rations of wheat or rice. Sohini Kar, an associate professor at the London School of Economics, whose work focuses on urban India, told BI she agrees. Anant Ambani and Radhika Merchant serve traditional Gujarati food to villagers ahead of their pre-wedding celebrations on the outskirts of Jamnagar, India.

Persons: —, Anant Ambani, Asia's, Radhika Merchant, Rihanna, Nita Ambani, Shyam Bihari, WaterAid, Haldia, Rakhi Tripathi, Tripathi, Sohini Kar, Kar, St Louis Fed, Mukesh Ambani, Ratan Tata, Nita, Stringer Organizations: Service, Business, Bank, New, of Management, London School of Economics, BI, Oxfam International, St, Bloomberg, Architectural Digest, Reliance Foundation, Reuters Locations: India, Delhi, Asia, Mumbai, Jamnagar, Gujarat

Goldman Sachs lowered its rating on Estée Lauder to neutral, and its new price target calls for a slight decline going forward. Elsewhere, Daiwa raised its price target on Nvidia, which points to more than 10% upside over the next 12 months. The firm stood by its outperform rating on the chipmaker stock, but lifted its price target to $900 from $535. FLYW YTD mountain FLYW in 2024 Faucette accompanied his downgrade by lifting his price target to $30 from $27. He also lifted his price target on the stock to $40 from $30, implying upside of 24.6% from Thursday's close.

Persons: Goldman Sachs, Estée Lauder, Jefferies, Root, Daiwa, Brad Sills, Sills, — Lisa Kailai Han, Stephens, Vita Coco, Coco, Jim Salera, COCO, Lisa Gill, Gill, Louis Miscioscia, Miscioscia, Lisa Kailai Han, Piper Sandler downgrades, Piper Sandler, Mark Fitzgibbon, Fitzgibbon, Morgan Stanley downgrades Flywire, Morgan Stanley, James Faucette, Faucette, Goldman Sachs downgrades Estée Lauder, Lauder, Goldman, Yaron Kinar, Kinar, Fred Imbert Organizations: CNBC, Nvidia, Bank of America, of America, Vertex, Accenture, RSM, BDO, JPMorgan, Daiwa, Markets, Riding, AMD, Intel, York Community Bancorp, York Community, New York Community Bancorp, Travel, B2B, U.S, Jefferies Locations: York, Canada, Asia, China, Hainan, Thursday's

☆ ‘Cute’ exhibition examines the complex power of all things adorable
▼ + stars: | 2024-02-14 | by ( Zara Khan | ) edition.cnn.com time to read: +8 min

How cuteness has taken over our world — and why — is a subject being explored in “Cute,” a new (and the first ever) exhibition devoted to the movement at London’s Somerset House. The Industrial Revolution and the rise of mass production allowed cuteness to be unleashed on the world — toys, books and illustrations could, increasingly, be made easily and cheaply. The exhibition — a world first — examines the enduring appeal of the cute aesthetic amongst adults and asks deeper questions about its allure. For Simon May, a professor of philosophy at King’s College London and author of “The Power of Cute,” kawaii is just part of a story which involves the country of Japan more broadly. The Edwardian artist is credited with increasing the cute appeal of our feline friends by giving them human hobbies and pastimes.

Persons: cuteness, Hattie Stewart, David Parry, ”, Somerset, Cliff Lauson, Tim Berners, Lee, Claire Catterall, Andy Holden's, Louis Wain —, Andy Holden’s, Joshua Dale, “, Isabelle Galleymore, Yumeji Takehisa, Simon May, kawaii, Louis Wain's, Kitty, Japan ”, Setsuko Tamura, Rachel Maclean’s, Maclean, ” May Organizations: CNN, London’s Somerset House, Somerset House, Somerset, Cats, King’s College London, Bethlem, panini, Somerset House Scottish, “ Locations: London’s, London, Somerset, Tokyo, Japan, ” Japan

☆ Treasury yields pull back as big economic data releases come into view
▼ + stars: | 2024-01-24 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

ET, the yield on the benchmark 10-year Treasury note was down by around 3.7 basis points at 4.1050% and the yield on the 30-year Treasury bond slipped 3.7 basis points to 4.3418%. U.S. Treasury yields were lower on Wednesday morning as investors brace themselves for two key pieces of economic data in the second half of the week. Two significant pieces of economic data are on the slate this week: a preliminary fourth-quarter gross domestic product growth figure is due on Thursday, followed by the Commerce Department's closely watched personal consumption expenditures price index for December on Friday. Both data points will inform the Federal Reserve as it maps out when and by how much to begin cutting interest rates, which will be a key factor in determining the path of markets and the economy this year. Auctions will be held for $60 billion of 17-week Treasury bills, $61 billion of 5-year notes and $28 billion of 2-year FRNs (floating-rate notes).

Persons: Jim Reid, Bullard, Reid, that's Organizations: Treasury, U.S, Commerce, Federal Reserve, Deutsche Bank's, Global, Bank of Canada, European Central Bank, St Louis Fed, PMI

☆ Investors piled cash into money market mutual funds in 2023 — and now could see a higher tax bill
▼ + stars: | 2023-12-01 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

If you funneled cash into money market mutual funds in 2023 amid rising interest rates, you may have a surprise tax bill in April, experts say. Investors and institutions have piled $5.84 trillion into money market mutual funds, as of Nov. 29, according to the Investment Company Institute, and many funds are paying well over 5%. "With pennies earned in 2022 on cash assets, the tax bill was negligible," said certified financial planner Robert Schultz, senior partner at NWF Advisory Group in Encino, California. Here's whyWith yields closely tied to the federal funds rate, money market funds — different than money market deposit accounts — are mutual funds that typically invest in shorter-term, lower-credit-risk debt, such as Treasury bills. Many investors are stockpiling money into these funds due to "fear in the stock market" and many are nervous to spend cash, according to CFP Colin Day, an enrolled agent at Correct Capital in St Louis.

Persons: Robert Schultz, Colin Day Organizations: Investment Company Institute, NWF, Finance, Stanford Locations: Encino , California, St Louis

☆ RFK Jr. declares independent 2024 presidential run, raises millions more
▼ + stars: | 2023-10-09 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +4 min

[1/2] Robert F. Kennedy Jr. arrives on stage to announce his entry to the 2024 presidential race as an independent candidate in Philadelphia, Pennsylvania, U.S. October 9, 2023. I'm here today I'm here to declare myself an independent candidate," Kennedy told a crowd of several hundred gathered in front of the National Constitution Center. It’s sort of a disgrace,” said Ken Martin, head of Minnesota’s Democratic Party. We can’t go into this election with rose-colored glasses,” said Charles Wilson, chair of Washington DC’s Democratic Party. He is so engaged in a Kennedy run that he drove from Alabama to attend the announcement on Monday.

Persons: Robert F, Kennedy Jr, Mark Makela, Kennedy, Tony Lyons, Joe Biden, Donald Trump, Kennedy's, Kerry Kennedy, Rory Kennedy, Joseph Kennedy II, Bobby, Biden, Trump, ”, Ken Martin, Charles Wilson, Diane Sare, Brian Noble, Barack Obama, “, ” Noble, Jarrett Renshaw, Heather Timmons, Grant McCool Organizations: REUTERS, Rights, Democratic Party, National Constitution Center, Reuters, Democrat, Republican, BIDEN, TRUMP, Trump, Biden, U.S, Democratic National Committee, St Louis, Minnesota’s Democratic Party, Washington DC’s Democratic Party, Senate, Republican National Committee, Army, Thomson Locations: Philadelphia , Pennsylvania, U.S, Philadelphia, United States, St, New York, Iraq, Alabama

☆ Robert F. Kennedy Jr. expected to announce independent run for president
▼ + stars: | 2023-10-09 | by ( ) www.reuters.com time to read: +2 min

Presidential candidate Robert F. Kennedy Jr. delivers his political speech at the Iowa State Fair in Des Moines, Iowa, U.S. August 12, 2023. REUTERS/Scott Morgan/File Photo/File Photo Acquire Licensing RightsWASHINGTON, Oct 9(Reuters) - Robert F. Kennedy Jr, an environmental lawyer, anti-vaccine activist and son of the former senator, is expected to announce Monday in Philadelphia that he is dropping his Democratic Party bid for president and will run as an independent. At a Democratic National Committee gathering in St Louis last week, party faithful were both dismissive and concerned. It’s sort of a disgrace,” said Ken Martin, head of Minnesota’s Democratic Party. We can’t go into this election with rose-colored glasses,” said Charles Wilson, chair of Washington DC’s Democratic Party.

Persons: Robert F, Kennedy Jr, Scott Morgan, Donald Trump, Joe Biden, Trump, ”, Ken Martin, Charles Wilson, Jarrett Renshaw, Heather Timmons, Diane Craft Organizations: Fair, REUTERS, Rights, Democratic Party, YouTube, Democratic, Reuters, Biden, Democratic National Committee, St Louis, Minnesota’s Democratic Party, Washington DC’s Democratic Party, Thomson Locations: Iowa, Des Moines , Iowa, U.S, Philadelphia, St

☆ TV presenter under fire for 'racist' comments, suggesting that bloodsucking bedbugs of Paris are linked to immigrants
▼ + stars: | 2023-10-07 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +4 min

A right-wing TV host in France linked the Paris' bedbug outbreak to immigrants. A government minister called Praud's comments on CNews, likened to Fox News, as "hate speech." AdvertisementAdvertisementA right-wing pundit in France is under investigation by Arcom, the country's audiovisual regulator, for making "racist" comments about the current bedbug infestation in Paris, The Times reports. Pascal Praud, a TV host on right-wing channel CNews, asked Nicolas Roux de Bezieux, the founder of a pest control firm, whether immigrants had caused the onslaught of bedbugs. David Belliard, Paris' Deputy Mayor, called the comments "stupid and racist," and added that CNews' views could be summarized in the clip.

Persons: Pascal Praud, —, Arcom, Nicolas Roux de Bezieux, Praud, Roux de Bezieux, Le, Emmanuel Macron's, Bérangère Couillard, David Belliard, Euronews, CNews, Eric Zemmour, Louis, Ferdinand Céline Organizations: Fox News, Service, Times, Charles, Rugby, Agence France, AP, France Insoumise, Gender Equality Locations: France, Paris, Gaulle

☆ Paris Fashion Week: Highlights from the Spring-Summer 2024 runways
▼ + stars: | 2023-10-06 | by ( Samantha Tse | ) edition.cnn.com time to read: +15 min

Meanwhile over at Miu Miu, it was a heartfelt adieu to Fabio Zambernardi after more than four decades with the Prada Group; as in Milan, Miuccia Prada came out and took a bow with him one last time. Pamela Anderson attended fashion week shows sans makeup, as shown here at Vivienne Westwood. At Miu Miu, Sydney Sweeney, Emma Chamberlain, Zaya Wade and Mia Goth made for an eclectic, très-trendy front row; Cate Blanchett appeared at Louis Vuitton alongside Zendaya, who wore a dramatic white double-zipper dress that has gone viral. Issey Miyake continues to explore movement in its runway shows, this season with musicians imitating chirping and other sounds found in nature. Peter White/Getty ImagesOne of the most joyful moments on the Miu Miu runway was the accessory styling.

Persons: Milan —, Peter Do, Helmut Lang, Francesco Risso, Marni, Stefano Gallici, Ann Demeulemeester, “, Sarah Burton’s, Alexander McQueen, Burton, Lee McQueen’s, Magdalena Abakanowicz’s, McQueen, Sarah Burton, Ik Aldama, Alexander McQueen Naomi Campbell, Aldama, Anna Wintour, Tim Blanks, Gabriela Hearst, Chloe, Miu Miu, Fabio Zambernardi, Miuccia Prada, Paris Hilton, Angela Bassett, Fan Bingbing, Jared Leto, Sigourney Weaver, Cher, Usher, Chanel, Riley Keough, Jennie Kim, Blackpink, Pamela Anderson, Vivienne Westwood, JM Haedrich, Pamela Anderson forewent, Issa Rae, Francesco Risso’s, Mugler, Sydney Sweeney, Emma Chamberlain, Zaya Wade, Mia Goth, Cate Blanchett, Louis Vuitton, Zendaya, Jun Takahashi, Victor Virgile, Junya Watanabe, Casey Cadwallader, chiffon, corseted, Rick Owens, Zimmermann, charmeuse, Van Noten, Karl Lagerfeld’s, Victoria Beckham, Kim Kardashian, Kris Jenner, Issey Miyake, chirping, Valentino, FKA, Demna, Cathy Horyn, Guram Gvasalia, Amanda Lepore, Emmanuel Grégoire, Victor Lochon, Glenn Martens, Tweed, Virginie Viard, Bertrand Guay, Gabriela Hearst's, Ik, Hearst, Aitor Rosas Sune, WWD, Isidore Montag, Victoria Beckham Kendall Jenner, David, Romeo, Harper, Peter White, Bingbing, Daniele Oberrauch, Jonas Gustavsson, Karl Lagerfeld's, Miyake, Isabel Marant's, Filippo Fior, Isabel Marant, Jun, Valerio Mezzanotti, Ann Valerio Mezzanotti Junya Watanabe, Miu, Jane Birkin, Julien De Rosa, Gigi Hadid, Caliee Spaeny, Priscilla Organizations: France CNN, Milan, Paris, Prada Group, SAG, Givenchy, Champs Elysee, Louis, LVMH, Getty, Washington Post, Rugby Locations: Paris, France, New York, London, “ Paris, Polish, Brazil, Milan, Hollywood, Balenciaga, AFP, Brooklyn, Van

☆ Democrats' Iowa primary results to be released in March in 2024 election compromise
▼ + stars: | 2023-10-06 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +3 min

Iowa Democrats will now begin mail ballot registration on Nov. 1 and hold an in-person caucus - along with Republicans - on January 15. The results for the Democratic race will be released on March 5, on Super Tuesday. THE TAKEThe compromise honors Iowa's traditional role while ceding influence to more diverse states like South Carolina and Michigan. But President Joe Biden earlier this year replaced Iowa with South Carolina, a state with significantly more Black voters, and one that saved his 2020 presidential campaign. South Carolina will be followed by New Hampshire and Nevada one week later, and then by primaries in Georgia and Michigan.

Persons: Joe Biden, Brian Snyder, Iowa's, Biden, Rita Hart, Jarrett Renshaw, Heather Timmons, Angus MacSwan Organizations: U.S, Democratic U.S, REUTERS, Rights, LOUIS, Democratic, Iowa Democrats, Republicans, Democrats, New, Democratic National Committee, Black, South, Democratic Party, . New Hampshire Democrats, Iowa Democratic Party, Thomson Locations: Des Moines , Iowa, U.S, New Hampshire, South Carolina, Michigan, Iowa, Granite State, Nevada, Georgia, ., IOWA

☆ Nobel Chemistry prize awarded for discovery of quantum dots used in LED lights
▼ + stars: | 2023-10-04 | by ( ) www.cnbc.com time to read: +2 min

Earlier on Wednesday, the academy appeared to have inadvertently published the names of the three scientists it said had won this year's Nobel Prize in chemistry. Nanoparticles and quantum dots are used in LED-lights and TV-screens and can also be used to guide surgeons while removing cancer tissue. Scientists Moungi Bawendi, Louis Brus and Alexei Ekimov won the 2023 Nobel Prize in Chemistry for "the discovery and synthesis of quantum dots," the award-giving body said on Wednesday. The third of this year's crop of awards, the chemistry Nobel follows those for medicine and physics announced earlier this week. While the chemistry awards are sometimes overshadowed by the physics prize and its famous winners such as Albert Einstein, chemistry laureates include many scientific greats, including radioactivity pioneer Ernest Rutherford and Marie Curie, who also won the physics prize.

Persons: Moungi, Louis Brus, Alexei Ekimov, Moungi Bawendi, Bawendi, Brus, Ekimov, Alfred Nobel, Albert Einstein, Ernest Rutherford, Marie Curie, Carolyn Bertozzi, Morten Meldal, Barry Sharpless Organizations: Royal Swedish Academy of Sciences, Massachusetts Institute of Technology, MIT, Columbia University, Nanocrystals Technology, AT, Bell Labs, U.S, Vavilov, Optical Institute, Nanocrystals Technology Inc Locations: Russian, Stockholm, Paris, France, Tunisia, Soviet Union, United States, Swedish

☆ Orange juice prices are up 270% since the pandemic hit, as crop diseases and hurricanes hammer supply
▼ + stars: | 2023-10-03 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Orange juice prices have skyrocketed 270% since January 2020, per data from Refinitiv. The rapid spread of the citrus greening crop disease has led to supplies cratering. The rapidly spreading citrus greening crop disease and multiple hurricanes in Florida have hammered the supply of oranges in recent years, driving up the cost of the breakfast staple. But orange juice futures' rapid rise has been driven by two factors that even the Federal Reserve can't control: disease and hurricanes. Nvidia and Tesla are the only two "Magnificent Seven" stocks that have delivered higher returns than orange juice futures over the same period.

Persons: —, St Louis, Ian, Nicole Organizations: Service, St Louis Fed, Federal, Florida cratering, Big Tech, New York, Nvidia, Tesla Locations: Florida, Louisiana , Texas , California, Brazil

☆ Real-estate bubble risks are dwindling across the world with higher interest rates taking froth out the market, UBS says
▼ + stars: | 2023-09-28 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Higher interest rates have deflated real-estate bubbles across the world, according to UBS. Central banks have aggressively hiked borrowing costs over the past 18 months to combat inflation. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "House price growth has suffered due to rising financing costs as average mortgage rates have roughly tripled since 2021 in most markets," they added.

Persons: —, Matthias Holzhey, St Louis Organizations: UBS, Service, Federal Reserve, St, St Louis Fed Locations: New York, Boston, San Francisco, Swiss, Zurich, Tokyo, Francisco, Los Angeles

☆ Americans are feeling worse about the economy, with confidence diving to a 4-month low
▼ + stars: | 2023-09-27 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

US consumer confidence fell to a four-month low in September, the Conference Board said Tuesday. That's a sign Americans are feeling worse about the economy. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The US consumer confidence index, which measures how people are feeling about their own financial health and spending power, slipped to a four-month low in September, the Conference Board said Tuesday. Confidence slipped across every age group, according to the Conference Board, with the drop most pronounced among Americans earning upwards of $50,000 a year.

Persons: That's, —, –, they'll, Goldman Sachs, there's Organizations: Conference, Service, Federal Reserve, Reuters, Conference Board, St Louis Federal Reserve

☆ Computer maker's stock could climb more than 15% on boost from AI, Daiwa says
▼ + stars: | 2023-09-19 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Investors should be eyeing Dell as the company's macro outlook improves and an artificial intelligence opportunity grows, according to Daiwa Capital Markets. Dell stock has climbed nearly 72% from the start of the year. DELL YTD mountain Dell stock has climbed 72% from the start of the year. He noted that the company already has a backlog for AI solutions, including its PowerEdge 9680 server, that extends into 2024. "It is very encouraging that Dell is seeing material demand now for their AI solutions, specifically their PowerEdge 9680," Miscioscia said.

Persons: Dell, Louis Miscioscia, Miscioscia, — CNBC's Michael Bloom Organizations: Daiwa, Dell, DELL Locations: 1HCY24

☆ These financial market signals are telling a different story about China's economy
▼ + stars: | 2023-08-28 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

China's economy is stumbling, but financial markets don't indicate that it will lead to a systemic crisis. After a first-quarter bounce, China's economic rebound from zero-COVID policies has been disappointing, with factories and consumers slowing down. But Gave cited other indicators that present a different take on the Chinese economy. Gave also pointed out that iron ore prices, which are sensitive to China's economy, have jumped 50% from their October 2022 low. AdvertisementAdvertisement"That is not to deny that China's economy faces genuine challenges or that Chinese economic growth is slowing, cyclically and structurally," he concluded.

Persons: Louis, Vincent, Vincent Gave, Beijing's Organizations: Service, Financial Times, FTSE, US, Ferrari Locations: Hong Kong, Wall, Silicon, China, Beijing, FTSE China

☆ A Southwest Airlines flight made a detour to drop off a flight attendant needed on another plane
▼ + stars: | 2023-08-28 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

The detour allowed a cabin crew needed on another flight to get off, the airline told View From the Wing. AdvertisementAdvertisementA Southwest Airlines flight made an extra stop in a different state so a flight attendant needed on another plane could be dropped off. The Friday morning flight was scheduled to take passengers directly from Dallas Love Field, Texas, to Kansas City International Airport, Missouri. AdvertisementAdvertisementA passenger on the flight told View From the Wing that passengers were only told of the stop just before boarding. The first Southwest flight to land at Wichita each day is one from St Louis, Missouri, due at noon.

Persons: Wichita Dwight D, he'd Organizations: Morning, Airlines, Dallas Love Field, Kansas City International Airport ,, Boeing, Wichita Dwight, Eisenhower National Airport, Southwest Locations: Texas, Missouri, Kansas, Dallas Love Field , Texas, Kansas City International Airport , Missouri, Wichita, Kansas City, St Louis , Missouri, Dallas

☆ Stocks fall, yields rise after hotter than expected inflation reading
▼ + stars: | 2023-08-11 | by ( Sinéad Carew | ) www.reuters.com time to read: +4 min

The U.S. producer price index (PPI) for final demand rose 0.3% in July, according to the Labor Department. And in the 12 months through July, the PPI rose 0.8% against estimates for a 0.7% advance. On Thursday, Wall Street's main indexes had finished flat, giving up most early gains on milder-than-feared consumer price inflation data. In currencies, the dollar index rose 0.107%, with the euro down 0.18% to $1.0959. On the U.S. Treasuries side, yields rose after the hotter than expected PPI.

Persons: Brendan McDermid, Paul Christopher, Christopher, Mary Daly, Sterling, Brent, Sinéad Carew, Elizabeth Howcroft, John Stonestreet, Susan Fenton Organizations: New York Stock Exchange, REUTERS, Treasury, Reserve, Labor Department, PPI, Wells, Wells Fargo Investment Institute, Dow Jones, Nasdaq, San Francisco Federal Reserve Bank, Britain, International Energy Agency, Thomson Locations: New York City, U.S, Wells Fargo, St Louis, Asia, Pacific, Japan, London

☆ Fact Check-Gemini 9 space mission simulation taken as genuine
▼ + stars: | 2023-08-02 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A simulation of a spacewalk on the Gemini 9 mission aired by CBS in 1966 has been shared on social media as if it were real. The clip on social media is visible around 48:18 minutes. The segment is clearly labeled a spacewalk simulation. The broadcast, hosted by Walter Cronkite, labels the video a “McDonnell simulation” at 48:10. Read more about our work to fact-check social media posts ( here ).

Persons: Eva, ”, Tom Stafford, Gene Cernan, Walter Cronkite, McDonnell, Read Organizations: CBS, National Aeronautics and Space Administration, NASA, McDonnell Aircraft Corporation, Gemini, Reuters Locations: St Louis

☆ Instant View: Fitch downgrades U.S. foreign currency ratings to 'AA+' from 'AAA'
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +9 min

The downgrade follows a debt ceiling agreement in June that came after months of political brinkmanship and ultimately lifted the government's $31.4 trillion debt ceiling. Unless they think that fiscal trajectory suggests risk of a default, which I don't think they say, I don't understand the reason for this." “So I don't think the reaction, it should surprise anyone in the markets because we've been through this before. JACK ABLIN, CHIEF INVESTMENT OFFICER, CRESSET WEALTH ADVISORS IN PALM BEACH, FLORIDA"I'm surprised, but I'm not surprised." "It's really the just the troubled negotiations that take place every time we have a debt ceiling or budget negotiation.

Persons: Thomas White, Fitch, STEVEN RICCHIUTO, ” WENDY EDELBERG, I'm, JASON WARE, Fiitch, MICHAEL O’ROURKE, “, ” BERNARD BAUMOHL, Poor’s, ” MICHAEL SCHULMAN, ANGELO KOURKAFAS, EDWARD JONES, ”, MICHAEL K, FARR, That’s, ” KEITH LERNER, ” “ It’s, ERIC WINOGRAD, ALLIANCEBERNSTEIN, QUINCY KROSBY, doesn't, JACK ABLIN, it's Organizations: REUTERS, United, AAA, USA, ., OF, HAMILTON PROJECT, BROOKINGS, WASHINGTON D.C, ALBION, Fitch, AA, PRINCETON, NEW, ST LOUIS, MILLER & WASHINGTON LLC, ADVISORY, Global Finance, Markets, Thomson Locations: United States, U.S, MIZUHO, WASHINGTON, CITY , UTAH, STAMFORD , CONNECTICUT, NEW JERSEY, ATLANTA, CHARLOTTE, NORTH CAROLINA, BEACH , FLORIDA

☆ How bricks, a screwdriver, and a 'demon core' of radioactive material killed 2 Manhattan Project scientists
▼ + stars: | 2023-07-29 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +7 min

Experiments on a so-called "demon core" of plutonium caused the deaths of two Manhattan Project physicists. The recreation of the experiment involving the plutonium "demon core" that killed Harry Daghlian. In seconds, the "demon core" of plutonium core had bathed him in a lethal dose of radiation. He again attempted to experiment on the demon core, sliding the screwdriver between the metal halves. The two deadly incidents earned the plutonium core the nickname "the demon core."

Persons: J, Robert Oppenheimer, Harry Daghlian, Louis Slotin —, Daghlian —, Daghlian, Louis Slotin, Slotin, Johns Hopkins, Enrico Fermi, Alvin Graves, Graves Organizations: Manhattan, Manhattan Project, Service, Los, Atomic Heritage Foundation, MIT, Los Alamos National Laboratory, United Energy Workers Healthcare, Louis Slotin . Los Alamos, BBC, Applied Physics Laboratory, Alamos National Laboratory, New Locations: Wall, Silicon, Los Alamos, New Mexico, Hiroshima, Nagasaki, Los Alamos , New Mexico, Los, Canadian, Louis Slotin . Los, Alamos

☆ Democrats want to make the minimum wage $17 an hour and give nearly 28 million workers a raise
▼ + stars: | 2023-07-26 | by ( Juliana Kaplan | Eliza Relman | ) www.businessinsider.com time to read: +5 min

Sen. Bernie Sanders, alongside other progressives, is again trying to raise the federal minimum wage. He's introducing legislation to bring the federal minimum to $17 by 2028; currently, it's $7.25. However, past attempts to raise the minimum wage have been stymied by Republicans and moderate Democrats. Under the latest version of the Raise the Wage Act, the federal minimum would climb to $17 by 2028. "The President shares Congressional Democrats' commitment to put workers first and supports increasing the minimum wage.

Persons: Sen, Bernie Sanders, Sanders, Michael Douglas, Gordon Gekko, Hakeem Jeffries, It's, Democrats —, Biden, Michael Kikukawa, Pramila Jayapal, Jayapal, Frances Holmes, Holmes Organizations: Republicans, Service, Democratic, Senate, Democrats, Institute, Workers, National Employment Law, Congress, White, Congressional Progressive Caucus, Oxfam America, Busch Locations: Wall, Silicon, St Louis , Missouri

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