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Rob Menendez — the son of Sen. Bob Menendez — just survived a tough primary challenge. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . It's a significant victory for the younger Menendez, who had found himself in the fight of his life amid his father's lurid corruption scandal. Sen. Menendez has been accused of accepting bribes in the form of wads of cash and gold bars in exchange for, among other things, acting as a foreign agent. This story is available exclusively to Business Insider subscribers.
Persons: Rob Menendez —, Sen, Bob Menendez —, Ravi Bhalla, , Rob Menendez, Menendez Organizations: Hoboken, Service, Rob Menendez of New, Democratic, Associated Press, Business Locations: New Jersey, Rob Menendez of, Rob Menendez of New Jersey
The All India Market Capitalization index , tracked on the Bombay Stock index, lost over 31.06 trillion rupees, or about $371 billion on June 4 alone. India's markets saw their worst one-day loss in about four years as the electoral performance of Prime Minister Narendra Modi's ruling Bharatiya Janata Party fell short of expectations. The BJP-led National Democratic Alliance (NDA) coalition, however, clinched 294 seats, managing to retain the parliamentary majority, crossing the 272 required to form the government. In the previous general election in 2019, the BJP secured 303 seats, and the NDA won 353 seats. A Goldman Sachs report issued early Wednesday said that "even with a reduced majority, we don't think macro stability will be compromised."
Persons: Narendra Modi's, Modi, Goldman Sachs, Organizations: Bombay Stock Exchange, Bombay, BSE, Bharatiya Janata Party, BJP, National Democratic Alliance, Developmental Inclusive Alliance coalition, Indian National Congress, Goldman Locations: Bombay, Mumbai, India, INDIA, Lok
They recognize an essential truth: delusional people don't learn well. And how can you possibly know where or how to grow and learn if you don't know your starting point? (Surprise, surprise, it really likes information that proves the story right, a problem called confirmation bias.) If you want to see the world the way it really is, you've got to hunt for the truth. Excerpted from "How Leaders Learn: Master the Habits of the World's Most Successful People" by David Novak with Lari Bishop.
Persons: Wendy, I'd, Jeff, Rick, Anne, I'm, Tim Schurrer, David Novak, hemming, hawing, Tim, Andy Pearson, neuroscientists, Clarence Darrow, Darrow, Chase, you've, You've, Lari Bishop, David C Novak Organizations: Service, David Novak Leadership, Harvard Business Review Press Locations: Louisville
Republicans in Arizona voted this afternoon to put a measure on the state’s ballots in November that would make illegal immigration a state crime. If passed, the measure would give local authorities the power to arrest, jail and deport unauthorized migrants. The proposal is similar to laws recently passed by Republicans in Texas and Iowa that challenged the federal government’s exclusive authority to enforce immigration laws. President Biden is also hardening his border policies in an effort to ease pressure on the immigration system and address voters’ rightward shift on immigration. Biden’s move to restrict long-established asylum protections for migrants echoes Donald Trump’s attempted crackdown in 2018, which many Democrats, including Biden himself, criticized.
Persons: Biden, Biden’s, Donald Trump’s Organizations: Republicans, American Civil Liberties Union Locations: Arizona, Texas, Iowa, U.S, Mexico
Representative Rob Menendez faces a tough primary challenge from Ravi Bhalla, the mayor of Hoboken. Mr. Menendez’s opponents have sought to capitalize on the travails of his father, Senator Robert Menendez, who is on trial on bribery charges.
Persons: Rob Menendez, Ravi Bhalla, Menendez’s, Robert Menendez Locations: Hoboken, Mr
Biden unveiled the sweeping executive action Tuesday afternoon at the White House, attempting to use executive action to affect the situation on the border after a bipartisan measure failed earlier this year. The new executive action bars migrants who cross the border illegally from seeking asylum – a departure from decades-long protocol – once a daily threshold is met. Senior administration officials told reporters Tuesday it would be lifted when there’s a daily average of less than 1,500 encounters in between ports of entry. Senior administration officials acknowledged that federal resources are strained, which could pose a challenge, but they maintain that the measure will help them remove people more quickly. Senior administration officials Tuesday cited the measure as a tool to help head off that potential increase.
Persons: Washington CNN —, Biden, Joe Biden, Donald Trump, ” Biden, Jose Luis Gonzalez, Critics, Trump, they’re, Gregory Bull, , , There’re Organizations: Washington CNN, White House, White, Republicans, Homeland Security, Texas National Guard, Reuters Homeland Security, Customs and Border Protection, Border Patrol, Trump, AP, , Migrants Locations: Mexico, United States, Ciudad Juarez, Trump’s, San Diego, Cuba, Haiti, Nicaragua, Venezuela
Building on the Indeed Resume product, which allows recruiters to search the 295 million resumes on Indeed, Smart Sourcing adds the efficiency of AI to your talent sourcing. Rather than manually filtering through talent, Smart Sourcing's algorithms match active candidates to your open roles. As you accept or reject candidates, the Smart Sourcing AI will learn what you prefer over time. "Smart Sourcing serves up appropriate candidates that tend to be more eager to respond and are active on Indeed. Getting started with Smart SourcingSmart Sourcing subscriptions are available starting today, and existing Indeed Resume subscriptions have transitioned to Smart Sourcing.
Persons: , Smart, Donal McMahon, Harris, Smart Sourcing's, they've, you've, McMahon Organizations: Harris Poll, Smart, Universal Health Services, UHS, Employers, Insider Studios Locations: Puerto Rico, United States
Data analytics software maker Databricks said in a statement on Tuesday that it's acquiring Tabular, a startup that helps optimize data stored in the cloud. The gesture could help Databricks more quickly bring out products as it faces competition from Snowflake and other entities. Databricks is paying over $1 billion to buy Tabular, Databricks CEO Ali Ghodsi said in an interview. Snowflake was also bidding on Tabular, as was Confluent , a person familiar with the matter told CNBC. Focusing more on Iceberg tables might allow Databricks to take business from Snowflake clients that embrace the format.
Persons: Ali Ghodsi, Databricks, Snowflake, Ryan Blue, Dan Weeks, Okta, Mike Scarpelli, Morgan Stanley, Ghodsi, Andreessen Horowitz, Frank Slootman's, Jefferies, Brent Thill Organizations: Databricks, Summit, Street Journal, CNBC, Developers, Netflix, Salesforce, Amazon, Services, Monday, Zetta Venture Partners Locations: San Francisco, Snowflake, Delta
Ethan Liebross went for a less common housing option: He lives full-time in a van — a 2015 Ford Transit that he turned into a mobile, off-grid home. Ethan LiebrossAlthough he grew up on a farm in New Jersey, he's no stranger to van life. AdvertisementDuring his gap year, he had lived out of another van while working as a freelance writer for local newspapers. "So I decided to convert a little camper van — a Ford Transit Connect — and I traveled around the US." "We worked together on the weekends or when he came home from work," Liebross said.
Persons: , Ethan Liebross, he's, Liebross, he'd, who's, He's, I'd, I'm Organizations: Service, Ford Transit, Business, Ford Transit Connect, Facebook Locations: New Jersey, California
The U.S. Small Business Administration plans to unveil new government-backed credit lines of up to $5 million for small businesses, SBA Administrator Isabel Casillas Guzman told CNBC. The SBA is launching a working capital pilot program in the coming months that is designed to be more attractive to both lenders and borrowers than the agency's existing products, Guzman said in a phone interview. The project is part of the SBA's efforts to broaden its flagship lending program for American small businesses. Through its 7(a) loan program, the SBA provides guaranties to lenders to encourage them to extend loans to small business owners. The program backed more than 57,000 loans worth $27.5 billion last year, a 7% increase from 2022; most of those loans were for less than $350,000.
Persons: Isabel Casillas Guzman, Guzman Organizations: U.S, Small Business Administration, CNBC, SBA
Read the full story on Biden’s announcement from CNN’s White House team. Trump and Biden remain very far apartIt’s still very true that their rhetoric on immigrants remains very different. “I’ll never refer to immigrants as poisoning the blood of a country,” Biden said at the White House. Expect challengesThe American Civil Liberties Union, which challenged Trump’s border actions when he was president, now plans to challenge Biden. “We continue to work closely with our Mexican neighbors instead of attacking Mexico,” Biden said at the White House, drawing a distinction between his approach and Trump’s.
Persons: Joe Biden, Donald Trump’s, Trump, Biden, Donald Trump, Go Nakamura, Reuters Biden, , ” Biden, ” Lee Gelernt, CNN’s Rosa Flores, Flores, Richard Cortez, ” Cortez, Priscilla Alvarez, Trump’s, Mexico’s, Harry Enten Organizations: CNN, White, Republicans, CNN’s White House, Trump, Reuters, Republican, American Civil Liberties Union, Immigrants, Rights, CNBC, Biden, Congressional Research Service, Department of Homeland Security Locations: Mexico, Eagle, , Texas, Piedras Negras, Hidalgo , Texas, Springs , California, Hidalgo County, United States, Iran
But some markets are still very affordable relative to national median cost levels. A recent SmartAsset analysis reveals 19 cities with median monthly mortgage costs under $1,200. 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 . This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Service, Business
Montana U.S. Senate Primary Election Results
  + stars: | 2024-06-04 | by ( ) www.nytimes.com   time to read: 1 min
Tim Sheehy, a businessman and former Navy SEAL, is the leading Republican candidate seeking to challenge Senator Jon Tester, the Democratic incumbent, this fall.
Persons: Tim Sheehy, Jon Tester Organizations: Navy SEAL, Republican, Democratic
Restaurants have traditionally lagged behind other sectors in their adoption of technology, but rising labor costs have changed the narrative. Major food industry players are making strides to invest in innovation, including AI and robotics. While it is still early days, analysts have already identified some companies that are taking the lead. YUM YTD mountain Yum Brands shares year to date Robots peeling avocados, mixing salads The use of robotics in restaurants is at its nascence. Chipotle, Sweetgreen and Cava partially have an advantage due to the nature of their products, which offer customers a bowl of mixed ingredients as an end order.
Persons: Bernstein, Danilo Gargiulo, Gargiulo, Morgan Stanley, Brian Harbour, Payne Capital Management Courtney Garcia, Rahul Krotthapalli, They've, Courtney Garcia, Garcia, Payne, Piper Sandler, Chipotle Organizations: Wall, CNBC, Google, Payne Capital Management, Starbucks, JPMorgan, Yum Brands, KFC, Taco Bell, Systems, Collider Lab Locations: Cava, Chipotle, Sweetgreen
As a bed and breakfast owner in Taiwan's Hualien County, Chen Rei-jia was used to the minor tremors that sometimes disturbed her work. Source: Jan Camenzind BroombyNow, survivors like Chen are facing a new challenge. "It might take five to 10 years for full recovery," Chang Chih-hsiang, director general of Hualien's tourism department, told CNBC Travel. Chang Chih-hsiang, head of Hualien's tourism office, estimates the area's tourism industry could take five to 10 years to fully recover. Source: Jan Camenzind Broomby
Persons: Chen Rei, jia, Chen, I've, Camenzind Broomby, Lai, Camenzind, Liang, Howard Yeh, Chang Chih, Stephanie Zhang, Chang, Cheng Wen, zhong, Lin Ya Organizations: Tourists, Hualien Hotel Association, CNBC Locations: Hualien County, Taiwan, Hualien, Taroko, Taipei
Representative Andy Kim, a lawmaker who has turned New Jersey politics on its head since entering the race to unseat Senator Robert Menendez, won the Democratic nomination for Senate on Tuesday after a campaign marked by a watershed ballot-access ruling. The victory makes Mr. Kim, 41, a favorite to become New Jersey’s next senator. He would be the first Korean American to be elected to the U.S. Senate. “I’m humbled by the results,” Mr. Kim said at Terhune Orchards in Princeton, where his supporters had gathered to celebrate. “This has been a very challenging and difficult race, a very dramatic one at that, and one that frankly has changed New Jersey politics forever.”The results, announced by The Associated Press minutes after polls closed, capped a tumultuous campaign that began a day after Senator Menendez, a Democrat, was accused in September of being at the center of a sprawling international bribery scheme.
Persons: Andy Kim, Robert Menendez, Kim, New Jersey’s, “ I’m, ” Mr, Menendez Organizations: Democratic, New, U.S . Senate, Orchards, The Associated, Democrat Locations: New Jersey, American, Princeton
As his son tapped home to clinch his first PGA Tour title at the RBC Canadian Open on Sunday, Dougie MacIntyre – the head greenskeeper at Glencruitten Golf Club in Oban, Scotland – simultaneously became a PGA Tour-winning caddie. Tears flowed freely for father and son as the duo soaked up the weight of the achievement on the 18th green. “I’m crying with joy, but I’m laughing because I didn’t think it was possible,” MacIntyre, a first-time PGA Tour victor on his 45th start, told CBS Sports. I’m a grasscutter not a caddie,” 59-year-old MacIntyre, wiping away tears, added to CBS Sports. In a video call with his mother shared by the PGA Tour on X, formerly known as Twitter, MacIntyre warned her of the level of revelry expected to follow.
Persons: Robert MacIntyre’s, Dougie MacIntyre –, Scotland –, MacIntyre, Martin Laird, ” MacIntyre, , , Frank Gunn, Scott Carmichael, Charles Schwab Challenge, , Bob …, Bob MacIntyre, , caddies, Dad, I’m, Nathan Denette, ” –, MacIntyre –, Mackenzie Hughes, MacIntyre – steadied, reassurances –, , that’s, Ben Griffin, Tom Kim, Rory McIlroy Organizations: CNN, RBC Canadian, Golf, Hamilton Golf, Country Club, PGA, CBS Sports, Canadian Press, Ryder, Team Europe, Hamilton Country Club, Twitter Locations: Oban, Scotland, Ontario, Scottish, Rome, America Orlando, Pinehurst, North Carolina
In a village in the hills of Guerrero State, residents ran from their homes as drones flew overhead, dropping makeshift bombs. This violence is the most formidable challenge that Claudia Sheinbaum, whom the nation has just elected by a huge margin to be its first female president, will have to confront when she takes power in October. The run-up to the election was one of the most violent campaigns in Mexico’s recent history. Ms. Sheinbaum did not put this bloodshed at the core of her campaign. A 61-year-old environmental engineer and a member of the governing Morena party, Ms. Sheinbaum won the vote on promises to continue social programs of the current president, her mentor Andrés Manuel López Obrador, known as AMLO.
Persons: Claudia Sheinbaum, Sheinbaum, Andrés Manuel López Obrador Locations: Guerrero State, Mexico, Morena
CNN —Former rugby league star Rob Burrow, whose quiet strength and relentless campaigning captured the hearts of many Britons after he was diagnosed with motor neuron disease (MND), has died aged 41, his former team Leeds Rhinos announced on Sunday. Rob Burrow became a Leeds Rhinos legend during his rugby league career. “Rob Burrow had a huge heart. Kevin Sinfield carries Rob Burrow across the marathon finish line. Rob Burrow, wife Lindsey (who ran the half marathon), daughters Macy and Maya and Kevin Sinfield, who ran the full marathon, all pose for a picture after the Rob Burrow Leeds Marathon.
Persons: Rob Burrow, Lindsey, Kevin Sinfield, Burrow, Daniel L Smith, Prince William, Sinfield, , “ Rob Burrow, ’ Catherine, Jackson, Macy, , Danny Lawson, Shields, Maya, MND ”, ” Burrow, Burrow’s, ” Sinfield, Rishi Sunak, Keir Starmer, Starmer, Rob, Sunak Organizations: CNN — Former, Leeds Rhinos, MND, league, Rugby League, England, Super, League, Marathon, Headingley Rugby Stadium, Headingley, British, Labour Party Locations: Leeds, England, British, Lindsey, Britain
Western positions on this issue have softened in the wake of Russia's ongoing offensive in the northeastern Kharkiv region, which began last month. AdvertisementUkrainian gunners firing at Russian positions in the Kharkiv region. AdvertisementGunners from Ukraine's 43rd Separate Mechanized Brigade fire at a Russian position in the Kharkiv region in April. Ukraine can only conduct cross-border strikes in Russian territory right around the Kharkiv region, and it is still barred from conducting longer-range strikes with its most powerful US-provided missiles. "That's exactly what we're doing in response to what we've now seen in and around the Kharkiv region," Blinken told reporters.
Persons: , Vladimir Putin, Stepanov, Ukraine's, Matthew Savill, ANATOLII STEPANOV, Biden, John Kirby, Kirby, it's, Serhii, Antony Blinken, what's, we've, Blinken, we'll Organizations: Service, NATO, Business, Getty, Institute for, Kharkiv City, Gunners, Mechanized Brigade, National Security, MGM, Tactical Missile Systems, Artillery Locations: Ukraine, Russia, Kyiv, Kharkiv, Moscow, AFP, Western, Russia's, Ukrainian, Russian, RUSI, Ukraine's, Washington, Prague, Belgorod
Microsoft on Monday cut hundreds Azure jobs to focus on AI investments, Business Insider reported. An internal memo said a focus to "define the AI wave" was behind the changes. Microsoft isn't giving up, according to an internal memo detailing cuts in other parts of the company's operations. Business Insider broke the news on Monday that Microsoft is cutting hundreds of jobs from its Azure cloud business. Executive Jason Zander blamed the cuts on Microsoft's need to purse AI investments, according to an internal memo obtained by BI.
Persons: , Jason Zander Organizations: Microsoft, Business, Service, BI
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNational Economics Challenge: Here are some of the questions in this year's contestCNBC’s Steve Liesman and Phillips Exeter Academy junior Dhruv Nagarajan and Hunter College High School freshman Alexei Varah join 'Squawk Box' to discuss the National Economic Council's annual National Economics Challenge, what it's like to compete in this year's finals, and more.
Persons: Steve Liesman, Dhruv Nagarajan, Alexei Varah Organizations: National, Phillips Exeter Academy, Dhruv, Hunter College High School, Economic, Economics
National Economics Challenge winners announced
  + stars: | 2024-06-03 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNational Economics Challenge winners announcedCNBC's Steve Liesman joins 'Power Lunch' to introduce the Council for Economic Education's annual National Economics Challenge winners.
Persons: Steve Liesman Organizations: National, Economic
CNN —Mexico is set to elect its first female president, with preliminary results showing Claudia Sheinbaum, Mexico City’s former mayor and climate scientist, is on track to win the country’s largest election in history. The 61-year-old rode the wave of popularity of her longtime political ally, the outgoing leftist Mexican President Andrés Manuel López Obrador, and their Morena party. Not only is she set to be Mexico’s first female president, Sheinbaum will also be the country’s first leader of Jewish heritage, although she rarely speaks publicly about her personal background and has governed as a secular leftist. Supporters of Claudia Sheinbaum celebrate during an election rally in Mexico City on June 2, 2024. If the court validates the election, Sheinbaum will take office on October 1.
Persons: Claudia Sheinbaum, Sheinbaum, Andrés Manuel López Obrador, Xóchitl Gálvez, Jorge Álvarez Máynez, Sheinbaum’s, Luis Antonio Rojas, Jesús María Tarriba Unger, López Obrador, coy Organizations: CNN, National Electoral Institute, National Action, Institutional Revolutionary, Democratic Revolution, Citizens ’ Movement, Bloomberg, Getty, Morena, Mexico City, Judicial, Federation Locations: Mexico, Morena, Mexico City
I'm good at my job, but it comes at a costIt's a site I wouldn't necessarily read myself, but I understand the assignment. AdvertisementIn addition to meetings and managing the day-to-day operations of our site, I'm in charge of an open-blogging, user-generated-content (UGC) platform, a project of which my bosses are especially proud. "Ambition Monster: A Memoir" by Jennifer Romolini is out June 4. Excerpted from Ambition Monster: A Memoir by Jennifer Romolini. Copyright 2024 Jennifer Romolini.
Persons: Tom Hanks, Kate, Jennifer Romolini, There's, I've, I'm, Alex, We've, revel Organizations: Service, Finance, Sports Locations: Silicon
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