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☆ How the Christ Redeemer statue in Rio de Janeiro became the symbol of Brazil
▼ + stars: | 2024-06-15 | by ( Julia Buckley | ) edition.cnn.com time to read: +13 min

Perched on the Corcovado – a 2,300-foot-high granite outcrop looming above the city – the Cristo Redentor (Christ Redeemer) statue sweeps its arms out in a warm embrace, welcoming visitors to the city of samba. “It is he who finds me when I arrive in Rio.”For over a century, the statue has been a symbol of Rio de Janeiro. Christ Redeemer bags are his top sellers, tied with those sporting the Sugarloaf Mountain. Deemed one of the seven modern wonders of the world, the Christ Redeemer is Rio’s most visited attraction, says tour guide Cristina Arroio. Maybe that’s the ultimate miracle of the Christ Redeemer.

Persons: ”, Gilson Martins, Michelle Obama, Heitor da Silva Costa, Jesus teetering, Paulo Vidal, it’s, Vidal, Instituto Moreira Salles, Jesus Christ, Da Silva Costa –, –, Carlos Oswald, Paul Landowski, Da Silva Costa, Soapstone, Márcia Braga, Work, IPHAN, It’s, Matthew Stockman, Gilson Martins Braga –, “, Braga, ” Gilson Martins, ’, Emmanuele, Tom Jobin, “ Da, O, que lindo, ” Martins, ’ ”, Francesco Perrotta, Lina Bo Bardi, Corcovado, Mauro Pimentel, Cristina Arroio Organizations: CNN, Instituto, Nacional, Historical, Heritage, UNESCO, “, Guanabara ”, cariocas, Bosch, Getty Locations: Rio de Janeiro, Rio, Brazil, Calvary, Polish, Latin America, steatite, Minas Gerais, Braga, Ipanema, Guanabara, ” Rio de Janeiro, AFP

☆ Travel news: Sardinia offers free accommodation to young hikers
▼ + stars: | 2024-06-15 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +5 min

Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. CNN —In travel news this week, new hiking programs in Italy, America’s best restaurants and chefs and how to bear-proof your picnic. Hiking in ItalyThe Proclaimers were willing to walk 500 miles for their dream, but the under-35s only have to embark on a 500-kilometer (311-mile) walking route to qualify for three nights’ free accommodation in Sardinia, Italy. The accommodation vouchers are valid from September 15 to the end of the year, so start planning now. CNN Travel celebrates the best barbecue from around the world.

Persons: James Beard, CNN It’s, Yogi Bear, they’re, It’s Organizations: CNN, Palma de Mallorca Airport, Austrian Airlines, Palma de Mallorca, Oakland Zoo, China Eastern Airlines, CNN Travel Locations: Italy, Sardinia, Cammino, Santa Barbara, Chicago, Denmark, French Polynesia, India, Nepal, Greece, China, Spain, Austrian, Palma, Vienna, Austria, California, Florida

☆ These five stocks are primed for upside, including this alternative to Nvidia, Morgan Stanley says
▼ + stars: | 2024-06-15 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Morgan Stanley analysts named a slate of stocks this week they think are too attractive to ignore. CNBC Pro combed through Morgan Stanley research to find stocks that are primed for growth this summer. They include Apple, Toast, Broadcom, Arista Networks and Coca-Cola. Toast "Toast demonstrated its Vertical technology leadership, detailing its ability to efficiently gain share and monetize against an expanding opportunity. … New geographies, new verticals, new products, and increasing monetization across software and FinTech, underscore the compelling growth opportunity for Toast in the years ahead.

Persons: Morgan Stanley, Joseph Moore, Moore, Josh Baer, Baer, Meta Marshall, Marshall, … Arista, … Organizations: CNBC, Apple, Broadcom, Arista Networks, VMware, Breed, Arista Networks Arista, Arista

☆ As Social Security faces looming fund depletion, there's fierce debate over whether a commission can help
▼ + stars: | 2024-06-15 | by ( Lorie Konish | ) www.cnbc.com time to read: +9 min

"A vote for a commission is a vote to cut Social Security," the man shouted before he was escorted off the floor. How the last major reforms, in 1983, came togetherPresident Ronald Reagan signs the Social Security Act Amendment into law on April 20, 1983. The changes involved taxes on Social Security benefits, increases to payroll tax rates, a future increase to the retirement age and a near-term postponement of cost-of-living adjustments. Social Security Commission Chairman Alan Greenspan, left, shakes hands with Sen. Charles Grassley, R-Iowa, prior to a Social Security hearing on Feb. 15, 1983. Lawmakers divided on best path forwardToday, lawmakers are divided on the best path forward to address Social Security.

Persons: —, Scott Peters, Peters, Bill Huizenga, Joe Manchin, Mitt Romney, — Rep, John Larson, Connecticut —, It's, " Larson, Larson, Nancy Altman, Ronald Reagan, Alan Greenspan, Greenspan, Jim Baker, Reagan, Tip O'Neill, Robert M, Ball, O'Neill, Sen, Charles Grassley, Bob Dole, John Danforth, Altman, Bruce D, Schobel, Elizabeth Warren, Bernie Sanders, California —, they're, Hakeem Jeffries, Conn, Brian Higgins, Jimmy Gomez, Jeffries, Dan Kildee, Richard Neal, Tom Williams Organizations: iStock, Social, Social Security, AARP, CNBC, Rep, Democratic, Corbis, National Commission, Social Security Reform, Greenspan, Federal Reserve, House, White, Finance, Economic Policy Institute, Republican, Greenspan Commission, Senate Finance, Bettmann, Getty, Congress, Democratic House, White House, Democrats, Security, Capitol Visitor Center, CQ, Inc Locations: Sens, R, Utah, Connecticut, Massachusetts, Iowa, California, D

☆ These stocks are an AI model's biggest upside picks after a week of mild economic data
▼ + stars: | 2024-06-15 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The iFi AI model, powered by IBM's Watsonx, was still projecting big upside for bitcoin miner Marathon Digital as of Friday morning. The stock was also near the top of iFi AI's projections for 30-day returns on screens earlier in June. The AI model uses a variety of inputs, including fundamental data, technical analysis and company news, to make its predictions. Here are some of the model's biggest upside plays after a week of downward-trending inflation data and sliding Treasury yields. Ron Insana, CNBC senior analyst and commentator, is the CEO of iFi AI, which launched in March .

Persons: IBM's Watsonx, Ron Insana Organizations: Marathon, Group, homebuilder, Palo Alto Networks, Palo Alto's, CNBC Locations: Marathon, Carvana, Palo

☆ It’s Not Just Russia: China Joins the G7’s List of Adversaries
▼ + stars: | 2024-06-15 | by ( David E. Sanger | ) www.nytimes.com time to read: +1 min

President Biden was eager to get off the stage at the Group of 7 summit Thursday night, clearly a bit testy after answering questions about Hunter Biden’s conviction and the prospects of a cease-fire in Gaza. But at the end of his news conference with President Volodymyr Zelensky of Ukraine, he couldn’t seem to help jumping in as the Ukrainian leader spoke delicately about China’s tightening relationship with Russia. He leaned into his microphone as soon as Mr. Zelensky was finished. “By the way, China is not supplying weapons” for the war in Ukraine, Mr. Biden said, “but the ability to produce those weapons and the technology available to do it.”“So, it is, in fact, helping Russia,” he said. Throughout the Group of 7 summit meeting in Puglia, China has been the lurking presence: as the savior of “Russia’s war machine,” in the words of the summit’s final communiqué; as an intensifying threat in the South China Sea; and as a wayward economic actor, dumping electric cars in Western markets and threatening to withhold critical minerals needed by high-tech industries.

Persons: Biden, Hunter Biden’s, Volodymyr Zelensky, Zelensky, ”, “ Organizations: Group, “ Locations: Gaza, Ukraine, Russia, China, Puglia, South China

☆ New college graduates are stepping into a tougher job market. It could set their earnings back for years.
▼ + stars: | 2024-06-15 | by ( Jacob Zinkula | Andy Kiersz | ) www.businessinsider.com time to read: +9 min

New college graduates are having a harder time finding work, and as a result, some of them could see their careers and earnings take a hit for years. Meaning that recent college graduates have been more likely to be unemployed than the broader population. This new normal has worked out OK for some Americans, but it's been particularly tough on new college graduates. While the tough job market could temporarily hurt some young graduates' earnings, there's reason to be optimistic that their finances could eventually recover. But if the job market continues to prove frustrating, some of them may begin to wonder.

Persons: Lohanny Santos couldn't, Zer, Santos isn't, overqualified, millennials, Gen Zers aren't, Julia Pollak, ZipRecruiter, it's, — aren't, they'd, —, grads —, Goldman Sachs, Elise Peng, Louis, who's Organizations: Service, Business, New York Fed, NY Fed, Meta, Rice University's, Bloomberg, LinkedIn, National Association of Colleges, Glass Institute, Strada Education Foundation, Federal, Louis Fed

☆ China wants a fleet of aircraft carriers for pride and power, and it's building it at a breakneck pace
▼ + stars: | 2024-06-15 | by ( Chris Panella | ) www.businessinsider.com time to read: +9 min

Read previewChina is building a fleet of aircraft carriers, making technological and capability jumps at a breakneck pace. An aerial drone photo taken on May 1, 2024 shows China's third aircraft carrier, the Fujian, during its maiden sea trials. The aircraft carrier USS Gerald R. Ford transits the Strait of Gibraltar, Jan. 5, 2024. For China, having aircraft carriers allows it to enjoy many of those perks. A composite image shows the American flag flying near the bridge of the US Navy's first-in-class aircraft carrier USS Gerald R. Ford and the Chinese flag flying near China's aircraft carrier Shandong.

Persons: —, Pu, would've, Matthew Funaiole, Xi Jinping, Kyle Amonson, Dane Egli, Xi, Funaiole, Gerald R, Navy Petty, Jacob Mattingly, Trenton, Li Gang, Cmdr, Michael Dahm, Peter W, Singer, Guy Snodgrass Organizations: Service, Business, Ford, Getty, China Power, Center for Strategic, International Studies, Jiangnan Shipyard, Getty Images, People's Liberation Army, Communist Party, US Coast Guard, Pacific Affairs, Chinese Communist Party, US Navy, Navy, DoD Aircraft, South China Seas, Pacific, Communication, Trenton Edly, US, New America, Defense, PLA Navy's Locations: China, Fujian, Shandong, Liaoning, Xinhua, Getty Images China, Taiwan, People's Republic of China, Gibraltar, Jan, South, Beijing

☆ Early bets on AI have helped this global tech fund outperform for a second year
▼ + stars: | 2024-06-15 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

An early bet on artificial intelligence thanks to a simple investment framework is helping the T. Rowe Price's Global Technology Fund (PRGTX) outperform the market for a second straight year. "Our framework led us to be early to this AI trend, [and] led us to be early to the chip intensity of this AI trend." That's due in part to its winning bets in AI names and semiconductor stocks – many of which have outperformed the S & P 500 and Nasdaq Composite . Early bets on AI Key to the $4.5 billion fund's recent success has been early positions in AI stocks and chipmaking darling Nvidia . The AI leader — added to the fund at the end of 2021 — today accounts for nearly 18% of the portfolio.

Persons: Rowe, Dominic Rizzo, Rizzo, Rowe Price lifer, —, Rizzo's, Siri, Morningstar Organizations: Global Technology Fund, Nasdaq, Nvidia, Taiwan Semiconductor Manufacturing, Devices, ASML, Apple, Microsoft, University of Chicago Booth School, Business, Worldwide Developers, Apple Intelligence, SAP

Many forms of help are tied to the federal poverty line, which is calculated using a formula that has largely not been updated since the 1960s. The poverty line is calculated in an outdated wayThe current federal poverty line for the 48 contiguous states and Washington, DC, is $15,060 a year for one person, $20,440 for a family of two, and $31,200 for a family of four. Courtesy of Melissa HeddenMuch of the resistance to changing the federal poverty line could stem from the government's desire not to inflate the number of people in poverty overnight. AdvertisementRep. Kevin Mullin, a Democrat from California, has introduced legislation — called the Poverty Line Act— that would modernize the federal poverty line, taking into account actual costs of goods and how prices differ across regions. Do you make above the poverty line but not enough to meet your daily needs?

Persons: —, Jason Hopkins, Hopkins, he's, He's, doesn't, ALICE —, Nyx, Beth Jarosz, Kyle Ross, ALICE, Mollie Orshansky, Jarosz, Stephanie Hoopes, United For ALICE, they've, Melinda Binkley, Ryan Arbuckle, Louis, Oleg Parubin, Parubin, Melissa Hedden, Melissa, Ross, Biden, Kevin Mullin, Mullin, Michael Tubbs, Tubbs Organizations: Service, Business, America, Center for American Progress, Bureau of Labor Statistics, of Health, Human Services, Assistance, Women, Children, United For, SNAP, Bills, Senate Locations: Illinois, Washington, DC, Stillwater , Minnesota, St, Manhattan, Airbnbs, North Carolina, California, Stockon , California, Illinois —

☆ The 4 key things we're watching in the stock market this holiday-shortened week
▼ + stars: | 2024-06-15 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Also helping was the 8.5% rally in portfolio heavyweight Nvidia following its 10-for-1 stock split on Monday. Within the Club this week, we heard from Broadcom , which reported strong quarterly results and announced its own 10-for-1 stock split. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Economists, Jerome Powell, financials, That's, Here's, FactSet, Lennar, LEN, Jabil, Smith, Jim Cramer's, Jim Cramer, Jim, Brendan McDermid Organizations: Nasdaq, Dow Jones, Wednesday, PPI, Apple, Broadcom, Oracle, Adobe, Nvidia, Investors, Housing, Monday, Darden, Olive Garden, Longhorn, U.S, Accenture, Kroger, KR, Wesson, Jim Cramer's Charitable, CNBC, Federal Reserve, New York Stock Exchange Locations: U.S, Olive, New York City

☆ The unloved stock market rally: Why so many investors find it hard to embrace this run to records
▼ + stars: | 2024-06-15 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

The S & P 500 has made an all-time high on nearly thirty days this year, four of them this past week. The main S & P is up more than 3% in the second quarter while its median stock is off 5% quarter to date. .SPX mountain 2024-03-29 S & P 500 quarter to date The S & P 500 has added $5.5 trillion in market capitalization in 2024, with roughly half kicked in by the Big Three. Wall Street strategists as a group project no upside for the S & P 500 in the second half , their average and median targets both below Friday's closing level. The weekly American Association of Individual Investors survey shows the spread between bulls and bears narrowing lately even with the S & P grinding higher.

Persons: we've, FANG, That's, It's, Jerome Powell's, Chris Verrone, I've Organizations: Microsoft, Apple, Nvidia, Investment, Treasury, Federal Reserve, Citi U.S, CPI, Fed, American Association of

☆ Jeff Bezos is a 'brilliant man' for what he's done at Whole Foods, says ex-CEO: 'He thinks really long term'
▼ + stars: | 2024-06-15 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

In the eyes of Whole Foods co-founder John Mackey, Jeff Bezos is a "brilliant man" — all because of a few price cuts at the grocery chain. Whole Foods was struggling with declining sales when Bezos' Amazon bought the grocery chain for $13.7 billion in 2017. Shoppers were already looking elsewhere after larger, less expensive rivals like Walmart started stocking more organic foods to appeal to Whole Foods' target customers. That included producing a greater number of products from Whole Foods' in-house 365 brand, which Amazon also started selling online. "I hardly ever hear the 'whole paycheck' narrative any longer—that's due to Amazon," Mackey said.

Persons: John Mackey, Jeff Bezos, Jeff, Mackey, Fortune, Bezos, IBISWorld, Bezos —, — Organizations: Foods, Amazon, Shoppers, Walmart, CNBC

☆ Israeli tour guides say leading groups to October 7 terror sites is the only way for them to make money now
▼ + stars: | 2024-06-15 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +6 min

Now, months later, he's leading tours to the site where he narrowly escaped death, and where he lost three of his closest friends. "I'm in a situation where I need to make a living," he told Business Insider. Courtesy of Danny "The Digger" Herman ToursAri Melnik, another tour guide, said that for some tourists, that's a draw. Slava Bazarsky, a tour guide, holds a bullet while giving a tour of a kibbutz targeted on October 7. Courtesty of Slava BazarskyAnother tour guide, Slava Bazarsky, solicits donations to the local kibbutzim while charging a participation fee.

Persons: —, Amit Musaei, he's, Musaei, Danny Herman, Danny, Herman, Yad Vashem, it's, Herman Tours Ari Melnik, Melnik, Courtesty, Slava Bazarsky, Bazarsky Organizations: Service, Business, Gaza, UN Locations: Nova, Israel, Jerusalem, Gaza, Auschwitz, Yad, Melnik

☆ This couple lives in a vintage 940-square-foot trailer by the beach for $5,100 a month: It's 'the California dream'
▼ + stars: | 2024-06-15 | by ( Jaclyn Westlake | ) www.cnbc.com time to read: +7 min

When my husband Brian first told me he's from Laguna Beach, it took everything in me to play it cool. Deciding we wanted to stay in Laguna Beach wasn't hard — I mean, it's beautiful, sunny, laid back, and has a thriving art scene. Finding a creative way to live in Laguna BeachThe median home price in Laguna Beach hovers around $3 million and the median monthly rent is over $8,000. Take a look inside our 'vintage' Laguna Beach trailerOur two-bedroom, two-bathroom home was built in the 1960s. The trailer is across the street from the beach and Jaclyn and Brian typically head over a couple days a week.

Persons: Brian, millennials, I'd, Kristin, Seth, Brian's, we'd, We've, Jaclyn Westlake, we're, Jaclyn, Tristan Pelletier, you'll, it's, Brian didn't, Indiana Jones, we've Organizations: CNBC, Brian's Locations: Laguna Beach, Los Angeles, Laguna, Brian's, It's, California

☆ A healthy, active 100-year-old shares her 3 science-backed tips for living a long, happy life
▼ + stars: | 2024-06-15 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +5 min

Fleischman's privileged life likely helped her reach 100 in good health, and genetics probably played a part, too. Here are three habits Fleischman has kept up across her life that may have helped her reach triple digits. BI's Gabby Landsverk recently reported on some of the best exercises for longevity and balance that don't require a gym. One 2019 study found that women who had an active social life were 41% more likely to reach age 85 than those who were isolated. Fleischman, who calls herself a "professional volunteer," has been doing so her whole life, and says that helping others "gives her pleasure."

Persons: —, Barbara Fleischman, Lawrence Arthur Fleischman, Fleischman, Kennedy, Johnson, I've, she's, She's, Gabby Landsverk Organizations: Service, Juilliard School, New York Public Library, American, Smithsonian Institution, Metropolitan Museum of Art, Business, United Nations, Sunrise, The New York Public Library, Carnegie Hall, Juilliard, Centers for Disease Control Locations: Detroit, New York City, New York, East

☆ The good economic news this week was just that … good news
▼ + stars: | 2024-06-15 | by ( Alicia Wallace | ) edition.cnn.com time to read: +5 min

CNN —“Good news is bad news” has been a common refrain for a while now. When economic reports are released that are solid, they have all too often been clouded with concerns that good news for the economy actually means a longer wait before the Federal Reserve rolls out rate cuts. Inflation as measured by the Consumer Price Index cooled more than expected in May, with prices holding flat on the month for the first time since July 2022. The markets don’t seem to be buying the one-cut plan, especially after the Producer Price Index on Thursday showed that wholesale prices fell from April to May and the BLS’ Import and Export Price Index showed that US imports prices fell 0.4% in May after rising 0.9% in April. And more good news is likely on the way this next week and later this month, Brusuelas said.

Persons: CNN —, ”, Joe Brusuelas, —, ” Brusuelas, spoilsport, Price, ” Chris Rupkey, “, ” Rupkey, Brusuelas Organizations: CNN, Federal Reserve, RSM US, New York Fed, National Federation of Independent, Consumer, Index, BLS, Price, FwdBonds, CPI, PPI

☆ My husband was a stay-at-home dad for a year. I learned about the double standards that exist for working dads and moms.
▼ + stars: | 2024-06-15 | by ( Marylou Costa | ) www.businessinsider.com time to read: +6 min

The financial freedom to have just one parent working for an entire year is not something I have taken lightly. That's why, when my husband made the choice to be a stay-at-home dad, I didn't want to just be unavailable all day, buried in work. MaryLou Costa pitched in while her husband was a stay-at-home dad. Courtesy MaryLou CostaI learned a lot about double standards while my husband was a stay-at-home dadWhile my husband was a stay-at-home dad, it opened my eyes to double standards. It's something dads are often congratulated for, yet it's expected of working moms.

Persons: wasn't, it's, We've, —, we're, We're, MaryLou Costa, Costa, we've, MaryLou, Costa It's, that's Organizations: Service

☆ G7 confronts China on commerce, pope talks about AI
▼ + stars: | 2024-06-15 | by ( ) www.cnbc.com time to read: +2 min

Italian Premier Giorgia Meloni receives Pope Francis as he arrives at the G7 Leaders Summit on day two of the 50th G7 summit at Borgo Egnazia on June 14, 2024 in Fasano, Italy. Pope Francis made an historic appearance at the Group of Seven summit on Friday to speak about the pros and cons of artificial intelligence, while G7 leaders also pledged to tackle what they said were harmful business practices by China. Italian Prime Minister Giorgia Meloni, the summit host, invited the pope and other heads of state and government, including the prime minister of India and the king of Jordan, in an effort to show the G7 was not an aloof, exclusive club. "We will never accept the narrative that wants the 'West against the rest'," Meloni told the meeting on Friday. The G7 also warned of action against Chinese financial institutions that helped Russia obtain weapons for its war against Ukraine.

Persons: Giorgia Meloni, Pope Francis, Jordan, Meloni, Joe Biden, Javier Milei Organizations: G7, Borgo Egnazia, U.S, Ukraine Locations: Borgo, Fasano, Italy, China, Italian, India, Argentine, United States, Britain, France, Germany, Japan, Canada, Russia, Washington, Taiwan, Philippines

☆ Trump, Biden and CNN Prepare for a Hostile Debate (With Muted Mics)
▼ + stars: | 2024-06-15 | by ( Shane Goldmacher | Reid J. Epstein | ) www.nytimes.com time to read: +1 min

President Biden and former President Donald J. Trump will each have two minutes to answer questions — followed by one-minute rebuttals and responses to the rebuttals. Red lights visible to the candidates will flash when they have five seconds left, and turn solid red when time has expired. The two men are readying themselves for the debate in ways almost as different as their approaches to the presidency itself. The Biden operation is blocking off much of the final week before the debate, after he returns from Europe and a California fund-raising swing, for structured preparations. Mr. Trump has long preferred looser conversations, batting around themes, ideas and one-liners more informally among advisers.

Persons: Biden, Donald J, Trump, — Organizations: CNN, The New York Times, Republican National Committee Locations: Atlanta, Europe, California

☆ I 'Taylor-gated' The Eras Tour. It was a cheap, fun way to experience Taylor Swift's sold-out show and I would recommend it.
▼ + stars: | 2024-06-15 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +5 min

It's a trend that emerged quickly after Taylor Swift began touring with her blockbuster The Eras Tour last spring. AdvertisementIn my case, it was because I happened to find myself in the same city as The Eras Tour and had a free evening. Amanda, 40, who had traveled from the US with her daughter Maddie, 20, were due to attend the second UK concert the following day. Amanda and her daughter Maddie were among Swifties who showed up to "Taylor-gate" as the UK leg of The Eras Tour kicked off on June 7. AdvertisementBut if "Taylor-gating" is your only opportunity to experience The Eras Tour — which Swift has confirmed will not extend past its final date in December — I would recommend it.

Persons: —, you've, Taylor Swift, Swift, Eve Crosbie, I'm, Maddie, Amanda, Swifties, Taylor, Swift's Organizations: Service, Business, Ticketmaster, Wembley, Edinburgh's, Lincoln Financial Locations: London, Edinburgh, Amanda

☆ German chancellor says it's 'very likely' that President Joe Biden could win a second term
▼ + stars: | 2024-06-15 | by ( Cameron Manley | ) www.businessinsider.com time to read: +3 min

Read previewGerman chancellor Olaf Scholz believes it is "very likely" that President Joe Biden could be reelected in November. I think it is very likely that the current president could win the election," said the German leader. Advertisement"He is committed to togetherness and cohesion in his country," Scholz added. But the German chancellor dismissed such worries, saying the president is "very clear." AdvertisementThe German chancellor was speaking ahead of a Ukraine peace conference set to be held in Switzerland.

Persons: —, Olaf Scholz, Joe Biden, Biden, Scholz, Axel Springer, Trump, Vladimir Putin, Putin Organizations: Service, Business, Reuters, Trump, Biden, NATO Locations: Ukraine, Switzerland, Moscow, Russia

☆ Top doctor warns against taking weight loss drugs such as Ozempic to get 'beach body ready' for summer
▼ + stars: | 2024-06-15 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewOne of the UK's top doctors has warned people against taking weight loss drugs such as Ozempic to get "beach body ready" for summer, saying they should not be seen as a "quick fix." "Drugs including Ozempic and Wegovy should only be used by people prescribed them for obesity or diabetes. Nevertheless, weight loss drugs such as Ozempic and Wegovy have soared in popularity over the last year. AdvertisementThere are currently three semaglutide products approved by the US Food and Drug Administration — Ozempic injection, Wegovy injection, and Rybelsus tablets.

Persons: —, Stephen Powis, Powis, I'm, Vicky Price Organizations: Service, National Health Service, Business, NHS Confederation, Society for Acute, Novo Nordisk, Europe's, Statistics, US Food and Drug Administration Locations: England, London, Danish, Statistics Denmark

☆ 3 Supercommuters who travel across multiple states for work share how they manage it and why it's worth it
▼ + stars: | 2024-06-15 | by ( Manseen Logan | ) www.businessinsider.com time to read: +4 min

Read previewOver the last few years, many US workers have found themselves traveling farther to get to work but going into the office less often, thanks to hybrid work models. Business Insider spoke with three commuters who have traveled through multiple states to get to work each week. Flying to Michigan weekly for work gave this New Yorker the best of both worldsMiller on the University of Michigan football field. AdvertisementLiving in the Delaware suburbs on an NYC salary made this four-state commute worth itKyle Rice. Courtesy of Kyle RiceKyle Rice started traveling from Wilmington, Delaware, to NYC every morning for work in February.

Persons: —, Miller, Susan Miller, Kyle Rice, Kyle Rice Kyle Rice, Rice, I'd, Mercier, Malick Mercier, Manseen Logan Organizations: Service, Business, Yorker, University of Michigan, University of Michigan Ross School of Business, Amtrak, BI, New York, Los Angeles International Airport Locations: Michigan, New York City, Ann Arbor , Michigan, New, City, Delaware, Wilmington , Delaware, Wilmington, Newark , New Jersey, Newark, LA, New York, Los Angeles, mlogan@businessinsider.com

☆ Welcome to the age of geriatric millionaires
▼ + stars: | 2024-06-15 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +8 min

While it makes sense that time is often a crucial ingredient to accruing savings and assets, the average age of millionaires in the US has been rising faster than the average age of the overall population over the last three decades. How millionaires are changingSince 1992, the average age of the country's millionaires has been going up. That means that younger millionaires aren't joining their ranks fast enough to keep the average age steady. Millionaires are overrepresented beginning around age 50, but track pretty cleanly with the cohort in their 40's. What does it mean to have so many older millionaires?

Persons: —, Chuck Collins, inequality.org, Collins, America's, aren't, Garrett Watson, that's, Watson, Xers, Gen Xers, they've, haven't, That's, It's, Ed Yardeni, They're, Redfin, King Charles, King Charles III of, it's, You've Organizations: Service, Business, Policy Studies, Forbes, Consumer, Millionaires, Tax, Security, Labor, Institute for Policy Studies Locations: United Kingdom

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