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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why European tariffs on Chinese EVs may not workCritics say the European Union's provisional tariffs on Chinese EVs could raise prices, reduce choice and slow the pace with which the EU meets its climate change mitigation targets. Some European automakers, especially those from Germany, oppose them. They also might not be high enough to actually stop the tide of Chinese imports. Supporters say they are necessary to 'offset the harm' done by China's pattern of subsidizing its own industries and subsequently crushing global competition.
Organizations: EU Locations: Germany
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Trump's and Harris' tax plans would affect your walletThe majority of Americans, 56%, say they pay too much in federal income tax, according to an April 2024 Gallup poll. Only 22% believe they receive valuable services from those taxes, according to an AP-NORC January 2024 survey. If the 2017 tax cuts are allowed to expire in 2025, about 62% of taxpayers would see their bills go up, according to the Tax Foundation. This means the 2024 election will determine which political party will get to shape Americans' taxes for years to come.
Persons: Harris Organizations: Tax
After wrapping up her multi-day battleground state tour, Vice President Kamala Harris will attend a major fundraiser in San Francisco on Sunday to court West Coast donors, some of whom had pulled their support for President Joe Biden after his poor debate performance in June. Harris will court Bay Area donors using her deep roots in the area and the political blessing of former House Speaker Nancy Pelosi, who has represented San Francisco for nearly four decades in Congress and will join Harris at Sunday’s event, according to a Harris campaign official. In an interview with NBC's Andrea Mitchell on Wednesday, Pelosi said, "It wasn’t just, though, about the House. I thought it was very important, very important for us to make sure and that Donald Trump never becomes president after that debate. We just have to win the election.”She also said that she had not spoken with the president since he stepped aside.
Persons: Kamala Harris, Joe Biden, Harris, Nancy Pelosi, Walz, Tim Walz, he’ll, , Biden, , Pelosi, David Remnick, NBC's Andrea Mitchell, Donald Trump Organizations: San, Harris, Minnesota, NBC News, East, MSNBC, House, Senate, New, Biden, Wednesday Locations: San Francisco, Coast, Sunday’s, California, Las Vegas, Minnesota, East Coast
The effort took on extra urgency in March 2023, when the Russians arrested Gershkovich, a senior administration official said. Days later, NBC News reported that a deal that could have sprung Navalny, Gershkovich and Whelan had been in the works. After Biden and Scholz met on Feb. 9, Scholz told Biden he was on board. Vice President Kamala Harris also discussed the prisoner swap with Scholz, telling him that Krasikov was a critical component of getting a prisoner swap with Russia, a White House official said. That was when he called the Slovenian prime minister to make sure his country was ready to release the Russian in their custody.
Persons: Evan Gershkovich, Brittney Griner, Biden, Viktor Bout, Paul Whelan ’, Whelan, Paul Whelan, Antony Blinken, , ” Blinken, Sergei Lavrov, Gershkovich, Blinken, Lavrov, ” Lavrov, , ” Gershkovich, Alexei Navalny, Navalny, Vadim Krasikov, Zelimkhan, Olaf Scholz, Krasikov, Griner, Whalen, Joe Biden, Scholz, Kamala Harris, Jake Sullivan, Elizabeth Whelan, Sullivan, Vladimir Kara, Murza, Kurmasheva, ” Biden Organizations: Wall Street, Marine, AP, NBC News, Berlin, White, Biden Locations: Russia, Poland, Slovenia, Norway, Berlin, Moscow, Germany, Chechen, Russian, U.S, Nevada, Slovenian
Why orange juice is so expensive
  + stars: | 2024-07-31 | by ( Andrea Miller | In Dreajmiller | ) www.cnbc.com   time to read: +3 min
U.S. orange production has plummeted as the industry faces volatile threats from extreme weather events, an incurable disease and economic pressures. At the same time, orange juice futures have hit record highs. Florida has seen a dramatic orange production decline in recent years. Invaio is one of the companies researching and developing treatments for citrus greening. The volatility of these threats may cut into citrus harvest expectations, which leads experts to believe that higher prices for orange juice are likely to remain, at least in the short term.
Persons: Daniel Munch, Amy O'Shea, We've, O'Shea, Invaio's Trecise Organizations: United States Department of Agriculture, American Farm Bureau Federation, CNBC, Invaio Sciences, Florida Department of Agriculture, Community Services Locations: United States, Florida, Invaio
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy orange juice futures hit records and prices may even go higherCitrus growers are losing millions of dollars every year as U.S. orange production plummets amid extreme weather events, incurable citrus greening disease and inflationary pressure. In 2024, orange juice futures hit records and prices may even go higher. The problems plaguing global citrus production are not easily remedied, but experts are hopeful investment in innovations can help save U.S. citrus groves.
I took a one-hour ferry to Martha's Vineyard, a stunning island in New England . The $79 ferry ride featured beautiful ocean views and even had a full-service bar on board. I'm planning on taking more day trips to Martha's Vineyard in the future. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Many visitors have made Martha's Vineyard their summertime escape, building homes ranging from cozy cottages to multimillion-dollar estates.
Persons: , James Taylor, Carly Simon Organizations: Service, Business Locations: New England, Massachusetts
Business Insider spoke with five women earning more than their husbands about the biggest obstacles they faced when they became breadwinners. AdvertisementPorterfield admitted that she occasionally became jealous of her husband's less stressful days when she felt overwhelmed with work. Katie Matthews' husband quit his job and made her the breadwinner, now they feel like they can breatheAfter Katie Matthews' husband quit his job, she became the breadwinner in their family. "For days and weeks at a time, my husband was effectively a single parent," Mac told BI. If you're a wife earning more than your husband and want to share your story, please contact Manseen Logan at mlogan@businessinsider.com.
Persons: , Amy Porterfield, she'd, Porterfield, didn't, Karina Daves, Karina, Charlie Williams, Terrance, Katie Matthews, Matthews, they've, doesn't, I've, Andrea Mac, Mac, It's, she's, Betsy Grunch, Grunch, Jonathan Batdont, Betsy, Ray, Manseen Logan Organizations: Service, Business, BI, Nissan, Princeton University Locations: California, Tennessee, mlogan@businessinsider.com
Eyad Baba | Afp | Getty ImagesThe United Nations Security Council passed a U.S.-drafted cease-fire deal aimed at halting eight months of bloody fighting between Israel and Hamas in Gaza. In March, China and Russia vetoed a Gaza cease-fire resolution, saying it would give Israel a green light to attack the city of Rafah. "Israel has accepted this proposal and the Security Council has an opportunity to speak with one voice and call on Hamas to do the same," he said. Hamas, on the other hand, said in a statement, in part, that it "welcomes what was included in and confirmed by the Security Council resolution regarding a permanent ceasefire in Gaza." Right around the time the Security Council began voting Monday, Secretary of State Antony Blinken landed in Israel to, among other things, meet with retired Gen. Benny Gantz.
Persons: Eyad Baba, Joe Biden, Linda Thomas, Biden, Israel, Nate Evans, Benjamin Netanyahu's, Yahya Sinwar, Antony Blinken, Benny Gantz Organizations: Israeli Special Forces, Hamas, Afp, Getty, United Nations Security, U.S, Security Council, Biden, NBC, Sunday, Security Locations: Gaza, Israel, U.S, France, Britain, China, Russia, Greenfield, Rafah, Qatar, Egypt
My family tried plain Greek yogurt from four grocery stores and ranked them from worst to best. I found Trader Joe's Greek nonfat yogurt too tangy, and my daughter gave it a thumbs down. The organic plain nonfat Greek yogurt from Wegmans had the perfect subtle flavor. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In fact, according to market intelligence company Skyquestt, the global Greek yogurt market is worth billions.
Persons: Organizations: Service, Business Locations: Wegmans, carbs
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Walmart turned Bentonville, Arkansas into a boomtownWalmart's hometown of Bentonville, Arkansas has become a boomtown with many amenities you might expect to find in New York or San Francisco – fancy restaurants, craft cocktails, bike paths and a world-class art museum. The town has more cranes per capita than any other U.S. city as Walmart builds a 350-acre new headquarters. Bentonville's population is expected to triple by 2050. But with the boom comes big-city economic challenges. CNBC's Melissa Repko travels to Bentonville for the story.
Persons: CNBC's Melissa Repko Organizations: Walmart Locations: Bentonville , Arkansas, New York, Francisco, Bentonville
Insider Today: Amazon's AI problem
  + stars: | 2024-06-02 | by ( Matt Turner | ) www.businessinsider.com   time to read: +4 min
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Also read:AdvertisementGetty Images; Alyssa Powell/BIThe best investments everBI asked seven heavyweight investors, including Rob Arnott and Bob Elliott, to identify the best trades of their careers. Each shared the top investments they've made, and explained how the lessons from those decisions still apply today. Getty Images; Alyssa Powell/BIAmerica's ridiculous hiring hurdleFewer American men than ever are working right now, and unemployment insurance may be at least partially to blame. Getty Images; Alyssa Powell/BIA better way to sell homesFixed-rate mortgages guarantee homeowners will pay the same amount each month for decades.
Persons: , You'll, Kitty, Flopsy, Jenny Chang, Rodriguez, Andrej Sokolow, Carter Smith, Alyssa Powell, Amazon, Rob Arnott, Bob Elliott, Andrea Mac Organizations: Service, Business, Google, Getty, Bloomberg Locations: Denmark, America
The next generation of the "Internet of Bodies," or IOB, could bring technological devices and the human body closer together than ever before. Academic and author Andrea M. Matwyshyn, who coined the term in 2016, describes it as "a network of human bodies whose integrity and functionality rely at least in part on the internet and related technologies, such as artificial intelligence." Smart glasses, which can function as cameras, headphones or monitors, are another example of early IOB devices. These devices completely merge with the body while maintaining a real-time connection to an external machine and the internet. "As bits and bodies meld and as human flesh becomes permanently entwined with hardware, software, and algorithms, IOB will test our norms and values as a society," she wrote.
Persons: Andrea M, Matwyshyn, Elon Musk's Organizations: Elon Musk's Neuralink, BCI Locations: Elon
What is the internet of bodies?
  + stars: | 2024-05-31 | by ( Maria Gomez De Sicart | Arjun Kharpal | ) www.cnbc.com   time to read: +4 min
You've heard the term "Internet of Things" – where inanimate objects can be connected to the internet and each other. But in 2016, academic and author Dr. Andrea M. Matwyshyn took it one step further, coining the term, "Internet of Bodies," or IoB. She describes it as "a network of human bodies whose integrity and functionality rely at least in part on the Internet and related technologies, such as artificial intelligence." These devices completely merge with the body while maintaining a real-time connection to an external machine and the internet. However, there are some existing laws that could be extended to safeguard IoB data.
Persons: You've, Dr, Andrea M, Matwyshyn, Elon Musk's, Neuralink, Dick Cheney, That's Organizations: Elon Musk's Neuralink, BCI, Former U.S, and Drug Administration, Data, Intelligence Locations: Elon, U.S
Despite this income, my husband and I have not agreed to — nor do we plan to — pay for the college tuition of our oldest daughter, a sophomore at the University of Iowa. If they spent our money on tuition, we'd need a say in that decision. This decision aligns with our commitment to avoid debt and maintain a healthy financial position, which benefits our entire family. Committing to paying for one child's college education means we must do the same for all of them to maintain fairness. Evaluating whether to pay for our kids' college tuition was a challenging decision, but it's rooted in our desire to foster autonomy, responsibility, and financial prudence.
Persons: , Andrea Mac, It's, I've, we've, don't, we're, they've, We've, We're Organizations: Service, University of Iowa, Business, Investment Education Locations: Greater Chicago
Despite this income, my husband and I have not agreed to — nor do we plan to — pay for the college tuition of our oldest daughter, a sophomore at the University of Iowa. To be fair, we've decided that we, as parents, don't get to choose which college our children attend. With rising tuition costs, my husband and I think it's essential to evaluate whether the outcomes in terms of ROI justify the financial outlay for college. Committing to paying for one child's college education means we must do the same for all of them to maintain fairness. Evaluating whether to pay for our kids' college tuition was a challenging decision, but it's rooted in our desire to foster autonomy, responsibility, and financial prudence.
Persons: , Andrea Mac, It's, I've, we've, don't, we're, they've, We've, We're Organizations: Service, University of Iowa, Business Locations: Greater Chicago
New York CNN —Universities across the United States have adopted a number of tactics in recent weeks to prevent disruptions by pro-Palestinian protesters at graduation ceremonies. Some universities have reached agreements with on-campus demonstrators, while others have cited safety concerns and canceled, postponed or relocated their schoolwide ceremonies. Several schools continue to grapple with pro-Palestinian protesters ahead of their spring commencement, subjecting themselves to internal scrutiny and public criticism. Friday’s arrests follow the arrest of at least 33 people on May 10 when law enforcement broke down a pro-Palestinian encampment erected on campus. Biden is expected to deliver a commencement address at the United States Military Academy at West Point on May 25.
Persons: Fisher, Bennet, Monday’s, Gene Block, counterprotesters, , grievously, Andrea M, Kasko, , Etienne Laurent, Mildred García, Mike Lee, , Lee, ” Lee, García, ” Morehouse, David A, Thomas, Joe Biden’s, ” Thomas, CNN’s Victor Blackwell, Biden Organizations: New, New York CNN — Universities, University of Pennsylvania, CNN, Penn, Occupation, UCLA, Senate, University of California, California State University System, Sonoma State University, Justice, , Morehouse College, Morehouse, George Mason University, United States Military Academy, West Locations: New York, United States, Palestine, Gaza, Israel, Sonoma State, Los Angeles, University of California Los Angeles, Atlanta, Virginia
The Academic Senate at the University of California, Los Angeles, voted against two resolutions seeking to rebuke the school’s chancellor, Gene Block, largely over his handling of an attack on a pro-Palestinian encampment two weeks ago. The results of the votes, conducted after a three-hour meeting on Thursday, were released on Friday and showed that only 43 percent of voting members had backed a no-confidence motion. A motion to censure Dr. Block was evenly split, 88 for and 88 against, failing to achieve a simple majority of support. “It is clear that we are not united in how we view the major events of the past weeks and the campus response to them,” Andrea M. Kasko, the Senate chair, said in a statement. “I hope that we can try to find common ground as colleagues, and have the courage to listen with open minds and open hearts even when we do not agree.”Formal rebukes by faculty were unlikely to have practical implications for Dr. Block, 75, who is set to step down as chancellor in July, said William G. Tierney, a professor emeritus of higher education at the University of Southern California who has written about the response to campus protests across the nation.
Persons: Gene Block, Block, ” Andrea M, William G, Tierney Organizations: Senate, University of California, University of Southern Locations: Los Angeles, University of Southern California
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow the U.S. spends trillions being the world's 'top cop'President Joe Biden signed a $95 billion military aid package in April 2024, including funds for Ukraine and Israel. Military spending often bolsters the U.S. defense industry. The five largest U.S. defense companies, Lockheed Martin, RTX, General Dynamics, Boeing and Northrop Grumman, had Department of Defense contracts totaling more than $118 billion in fiscal year 2022. Watch this video to learn more about where the U.S. sends military aid and personnel and the global impact of defense spending.
Persons: Joe Biden, Lockheed Martin, RTX, Northrop Grumman Organizations: Military, U.S, Lockheed, Dynamics, Boeing, Northrop, of Defense Locations: U.S, Ukraine, Israel
U.S. defense spending and military aid costs are adding up. President Joe Biden signed a $95 billion U.S. military aid package in April allocating funding to Ukraine, Israel, Taiwan and the Indo-Pacific region. On top of that, the National Defense Authorization Act of 2024 authorized military spending of a record $886 billion. A big chunk of that money will go to bolster the American defense industry. So where does the U.S. send military aid and personnel and how does defense spending affect the world at large?
Persons: Joe Biden, Gregory Hayes, CNBC's, Lockheed Martin, RTX, Northrop Grumman Organizations: National Defense, U.S, Dynamics, Boeing, Northrop, Northrop Grumman —, of Defense, Congressional Research Service Locations: Ukraine, Israel, Taiwan, U.S
Why job listing qualifiations feel absurd
  + stars: | 2024-05-07 | by ( Juhohn Lee | Jack Hillyer | Jason Reginato | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy job listing qualifiations feel absurdLacking enough or the right experience, skills, credentials and/or education ranked second among the biggest barriers for jobseekers in 2022, according to McKinsey & Co. The cooling labor market has made it more difficult to find a job. Kory Kantenga, Senior Economist at LinkedIn, said that is felt acutely in the entry-level job market. Some workplace experts blame inflated job requirements and layoffs of recruiters, while others point to a skills miss-match between available jobs and recent graduate degrees.
Persons: Kory Kantenga Organizations: McKinsey & Co, LinkedIn
Usually, at the US TV upfronts — the annual event where the networks showcase their best upcoming programming in the hopes of securing big advertising commitments — the celebrities are the stars of the show. With more money being spent, advertisers are paying closer attention to what data they can use to inform their TV ad buys and prove that TV is powering their sales. It found that taking advantage of a media company's unique upfront data offerings, including retail data, was a top reason for advertisers to buy linear TV or connected TV in the upfronts, cited by 37%. US retail media CTV ad spend will increase by 86.6% this year to reach $4.19 billion, according to Emarketer. And Walmart's recent deal to acquire the TV manufacturer Vizio reflects the growing trend of retail media's convergence with TV advertising.
Persons: Eric Haggstrom, Dave Morgan, Andrea Montano, there's, NBCU, Mark Marshall, Marshall Organizations: Hollywood, Business, Amazon, TV, CTV, Kroger, Walmart, Netflix Locations: New York
Why the Fed expects more bank failures
  + stars: | 2024-05-01 | by ( Andrea Miller | Hugh Son | Christina Locopo | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy the Fed expects more bank failuresOf about 4,000 U.S. banks analyzed by the Klaros Group, 282 banks face stress from commercial real estate exposure and higher interest rates. The majority of those banks are categorized as small banks with less than $10 billion in assets. "Most of these banks aren't insolvent or even close to insolvent. They're just stressed," Brian Graham, Klaros co-founder and partner at Klaros. "That means there'll be fewer bank failures.
Persons: They're, Brian Graham, Klaros Organizations: Fed, Klaros
Hundreds of small and regional banks across the U.S. are feeling stressed. "You could see some banks either fail or at least, you know, dip below their minimum capital requirements," Christopher Wolfe, managing director and head of North American banks at Fitch Ratings, told CNBC. Consulting firm Klaros Group analyzed about 4,000 U.S. banks and found 282 banks face the dual threat of commercial real estate loans and potential losses tied to higher interest rates. "That means there'll be fewer bank failures. For individuals, the consequences of small bank failures are more indirect.
Persons: Christopher Wolfe, They're, Brian Graham, Graham, Sheila Bair Organizations: Fitch, CNBC, Consulting, Klaros, U.S . Federal Deposit Insurance Corp, FDIC Locations: U.S
CNN —Amateur archaeologists in England have unearthed one of the largest Roman dodecahedrons ever found, but mystery surrounds what it was actually used for. The 12-sided object is one of just 33 known to exist in Roman Britain, and one of approximately 130 in the world. It is considered “one of archaeology’s great enigmas,” according to the Norton Disney History and Archaeology Group, an amateur group based in the English region of Lincolnshire where it was found in June. “It is completely unique,” said Richard Parker, secretary of the Norton Disney History and Archaeology Group, adding that no similar objects have ever been found. Norton Disney History and Archaeology GroupParker told CNN there are no descriptions of the dodecahedron in Roman literature, and they have not been depicted pictorially in mosaics.
Persons: , ” Andrea Martin, , Richard Parker, It’s, ” Parker, Parker, we’re Organizations: CNN — Amateur, Roman, Norton Disney, Archaeology Group, Lincoln Museum, Lincolnshire County, Lincoln Festival, CNN Locations: England, Roman Britain, Lincolnshire
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