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☆ ‘Devil comet’ will make its closest pass of Earth in 71 years
▼ + stars: | 2024-06-01 | by ( Ashley Strickland | ) edition.cnn.com time to read: +7 min

CNN —An unusual horned comet notable for a series of outbursts, nicknamed the “devil comet,” will make its closest approach of Earth on Sunday around 3 a.m. Given that the comet won’t pass by Earth again for decades, collective observations by astronomers could provide key insights into its true nature and behavior. Officially known as Comet 12P/Pons-Brooks, the celestial object made its closest pass of the sun on April 21, coming within 74.4 million miles (119.7 million kilometers) of our star. The comet will make its closest pass of Earth on Sunday, but it will be more than 143 million miles (230 million kilometers) away from our planet and won’t pose a risk. An overlapping series of events likely has contributed to Pons-Brooks’ distinctive look, but it could also be due to our perspective of the comet, Kareta said.

Persons: Pons, Brooks, Gianluca Masi, Dave Schleicher, ”, Teddy Kareta, Jean, Louis Pons, William Robert Brooks, ” Schleicher, Kareta, Schleicher, “, it’s, 12P, Theodore Kareta, ” Kareta Organizations: CNN, Northern, Southern, Millennium, “, Telescope, Lowell Observatory, Lowell, Pons, ”, Lowell Discovery Telescope Locations: Italy's Tuscany, Arizona, Pons

☆ I'm Gen Z and have always loved being cozy and well-rested. I'm relieved my generation is catching up with me.
▼ + stars: | 2024-06-01 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +6 min

I'm a Gen Z freshman and I don't have a ticket to the sold-out club night my roommates are excited about going to. AdvertisementGen Z is one of the first generations who will be less wealthy than our parentsIt's not the first time Gen Z has defied expectations. As Business Insider previously reported, Gen Z is one of the first generations that will be worse off than their parents or grandparents. Gen Z appears to be less focused on the future and more on living enjoyable lives now. I'm an older Gen Z on the cusp of being a millennial, but this trend applies to some of the younger members of my generation, too.

Persons: —, I'm, Brandy, Fingers, Kim Schewitz, Serena Vanderwoodsen, ceilidhs, Z, It's, we've, Gen, Gen Zers, they're, you'll, Gen Z Organizations: Service, Real, Business Locations: Brandy Melville, it's

☆ Index values for Dow, S&P 500 are working again after hourlong freeze
▼ + stars: | 2024-05-30 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

A trader signals an offer in the Standard & Poor's 500 stock index futures pit at the CME Group in Chicago on Dec. 14, 2010. The data feeds for key market averages had an issue on Thursday that caused the calculations for the S&P 500 and the Dow Jones Industrial Average to halt for about an hour. It appears the calculations for the Dow and S&P 500 froze at about 10:41 a.m. Futures markets for the S&P 500 and the Dow appeared to be operating normally during the pause. The SPDR S&P 500 ETF Trust (SPY) , a common vehicle for investors to make broad market bets, also appeared to be actively trading.

Persons: Dow Organizations: CME Group, Dow Jones, CNBC, Dow, Trust Locations: Chicago

☆ Japan is determined to keep hunting whales. And now it has a brand new ‘mothership’ to do that
▼ + stars: | 2024-05-30 | by ( Heather Chen | Hanako Montgomery | ) edition.cnn.com time to read: +14 min

Demand for whale meat in JapanOver the years, Kyodo Senpaku has launched aggressive public relation campaigns to promote whale meat and win over new generations of young diners. We would react very badly to that.”The owner of a whale meat shop shows a block of whale meat at the Karato fish market in Shimonoseki city. Yuichi Yamazaki/AFP/Getty ImagesThis picture taken on May 20, 2024 shows whale meat sashimi at a 'Nisshinmaru' whale meat restaurant in Shimonoseki city, Yamaguchi prefecture. Located in deep waters surrounding the entire continent of Antarctica, the Southern Ocean Whale Sanctuary hosts dozens of whale species including humpbacks, blue whales and fin whales. “It’s called the Southern Ocean Whale Sanctuary for a reason – you don’t kill whales there,” Watson said.

Persons: Tokyo CNN —, Hideki Tokoro, ”, ” Tokoro, Hideko Tokoro, Hanako Montgomery, Paul Watson, “, Daisuke Urakami, Ari Friedlaender, Sutton Hibbert, Shutterstock, ” Donald Rothwell, Yoshimasa Hayashi, Francois Gohier, ” WCA, Tokoro, Nobuhiro Kishigami, ” Kishigami, “ It’s, Yuichi Yamazaki, Mitsuhiro Kishimoto, Juan Barreto, Takaaki Sakamoto, Captain Paul Watson, aren’t, James Anderson, ” Rothwell, Watson, CNN he’s, ” Watson Organizations: Tokyo CNN, Kyodo, CNN, Yomiuri Shimbun, “, International Whaling Commission, IWC, International Convention, Whaling, Australian National University, ANU, Cetacean, Kyodo Senpaku, South Korea –, National Museum of Ethnology, Getty, Shimonoseki City University, Whale, Whaling Affairs, Japan’s Fisheries Agency, Captain Paul Watson Foundation, Whale Defense Agency Locations: Hong Kong, Tokyo, Kangei, Japan, Norway, Iceland, Nisshin, Gulf of Maine, North, Russia, Thailand, South, Osaka, Shimonoseki, AFP, Yamaguchi, Gerlache, Antarctica, …

☆ French Open day 4 recap: Swiatek wins, Kenin shocks Garcia, crowds and schedule frustrate
▼ + stars: | 2024-05-29 | by ( James Hansen | Matthew Futterman | ) www.nytimes.com time to read: +6 min

🇫🇷 Caroline Garcia (21), 6-3, 6-3Caroline Garcia (21), 6-3, 6-3 🇬🇷 Stefanos Tsitsipas (9) def. 🇳🇱 Jesper de Jong (Q), 6-3, 6-4, 2-6, 6-2🇳🇱 Jesper de Jong (Q), 6-3, 6-4, 2-6, 6-2 🇷🇺 Andrey Rublev (6) def. 🇪🇸 Pedro Martinez, 6-3, 6-4, 6-3🇪🇸 Pedro Martinez, 6-3, 6-4, 6-3 🇵🇱 Iga Swiatek (1) def. 🇸🇮 Tara Zidansek, 6-3, 6-4🇸🇮 Tara Zidansek, 6-3, 6-4 🇮🇹 Jannik Sinner (2) def. 🇫🇷 Richard Gasquet, 6-4, 6-2, 6-4🇫🇷 Richard Gasquet, 6-4, 6-2, 6-4 🇷🇺 Pavel Kotov def.

Persons: Roland Garros, Naomi Osaka Naomi Osaka, Iga Swiatek, Ash Barty, Philippe, Chatrier, Swiatek, Tim Clayton, Corbis, she’s, “, ”, Naomi Osaka, Ben Shelton, Kei Nishikori, queueing, Stan Wawrinka, Andy Murray, Jannik, Richard Gasquet, Sofia Kenin, Caroline Garcia, Garcia didn’t, Jesper de Jong, Jesper De Jong, olin e Garcia, Garcia, 7-5, Coco Gauff, 6-4 🇮🇹, 🇫🇷 Rich, Katie V, Dani, oren, Mathieu 🇺🇸 Madi, Clive Br Organizations: Getty, Swiatek, Philippe Locations: Osaka, Swiatek, Paris, 6-2, 6

☆ Why Bolivia is Latin America’s next dining destination
▼ + stars: | 2024-05-28 | by ( Joe Yogerst | ) edition.cnn.com time to read: +9 min

Capital city La Paz boasts three eateries — Gustu, Ancestral and Phayawi — currently ranked among the top 100 restaurants in Latin America. Bolivia’s food revolution has also spread to major cities such as Sucre as well as the Uyuni Salt Flats. Rather than fine dining, the ambience is decidedly casual, the tables spread across three floors of an old wooden townhouse in the boho Sopocachi neighborhood of central La Paz. Courtesy PhayawiZero-kilometer goes widerSucre, the nation’s judicial capital in south-central Bolivia, isn’t as cosmopolitan as La Paz when it comes to food. Courtesy Joe YogerstBut that’s not to say that Bolivia’s food revolution has reached every nook and cranny.

Persons: foodways, —, Marsia Taha, ” Taha, Taha, Joe Yogerst, Gustu, Claus Meyer, Meyer, ”, We’re, Sebastián Giménez, It’s, quinoa, it’s, Guadalupe, Joy, Uyuni, Tania López, López, “, Tika Organizations: CNN, La Paz, La, Nordic, Michelin, Mercado Central, padres, NASA, Hidalgo Tours Locations: Bolivia, South, Capital, Latin America, La Paz, Sucre, Bolivian, Gustu, Danish, Copenhagen, Lake Titicaca, Phayawi, Basque, altiplano, Argentina, San, city’s, El, Bolivia’s, Hidalgo, Sol

☆ Black bear kebabs make family sick with parasitic worms
▼ + stars: | 2024-05-27 | by ( Jen Christensen | ) edition.cnn.com time to read: +5 min

CNN —It was supposed to be a celebration, but one family’s unique meal of black bear meat sent several members to the hospital instead. One family member, a hunter, brought some black bear meat that he had harvested in northern Saskatchewan in May 2022. Rather, it was “difficult for the family members to visually ascertain the level of doneness” because the meat was dark in color. Tests soon confirmed that that was the case, and tests were recommended for the other family members. Four had eaten bear meat and vegetables, but the other two had eaten only vegetables cooked with the meat.

Persons: outfitter, Trichinellosis, Dr, Sanjay Gupta Organizations: CNN, US Centers for Disease Control, World Organisation for Animal Health, CDC, Get CNN, CNN Health, Public Health Agency of Canada Locations: South Dakota, Saskatchewan

☆ Opinion | ‘Contact. I.E.D.’
▼ + stars: | 2024-05-26 | by ( David French | ) www.nytimes.com time to read: +1 min

I.E.D.”When I served in Iraq, I’d hear those words on the radio, and my heart would freeze. It meant death. In the civilian world, death interrupts our lives — we drop everything to rush to the side of a dying relative or friend. In war, death interrupts nothing. The moment that contact call — which indicates a violent encounter with the enemy — comes to headquarters, you’re split in two.

Persons: you’re, ” Locations: Iraq

☆ Russia-Ukraine war: Putin signals he’s open to peace talks, but Ukraine is right to be wary
▼ + stars: | 2024-05-25 | by ( Nick Paton Walsh | ) edition.cnn.com time to read: +7 min

Eastern Ukraine CNN —Russian President Vladimir Putin’s signaling this week that he is open to peace talks should be viewed with vast, overshadowing caveats, and the weight of Ukraine’s - and the West’s - past experience of Russian diplomacy. Putin questioned the legitimacy of Ukraine’s President Volodymyr Zelensky, who Moscow has repeatedly assailed, after Kyiv had to delay elections because of the very war Putin started. Zelensky has said he hopes China - Russia’s most potent ally but only partial supporter in the Ukraine war - will attend. Putin may be talking peace now to suggest to Beijing to not be involved in diplomacy about Russia without Russia present. Valentyn Ogirenko/ReutersUkraine’s Foreign Minister, Dmytro Kuleba, said Friday that Putin’s hints at peace talks were directly aimed at sabotaging the summit.

Persons: Vladimir Putin’s, Putin, Moscow’s, Alexander Lukashenko, Volodymyr Zelensky, Viktor Yanukovich, Russian Yanukovich, Lukashenko, Tatyana Makeyeva, –, Zelensky, Valentyn Ogirenko, Dmytro Kuleba, “ Putin, Ukraine ”, MAGA, Dmitri Peskov, Donald Trump, ferociously Organizations: Eastern, Eastern Ukraine CNN —, Reuters, Belarus ’, Kremlin, Kyiv, European Union, NATO, Kharkiv, Reuters Ukraine’s Foreign, Ukraine, American, MAGA Republicans, Congress Locations: Eastern Ukraine, Moscow, Ukraine, Kharkiv, Russia, Istanbul, Kyiv, Donetsk, Belarus, Russian, Syria, Debaltseve, Switzerland, China, Beijing, Valentyn, West, Europe, United States, France, Baltic

☆ I've been a chef for years. Here are my 8 tips for making perfect, juicy burgers.
▼ + stars: | 2024-05-24 | by ( Alissa Fitzgerald | ) www.businessinsider.com time to read: +6 min

Read previewAs a chef, I strongly believe the best way to feed a crowd is to have all of your party foods prepped and ready to go — and that includes your burger patties. When I worked as a line cook a few years ago, I learned the subtle art of working with ground meat and making the perfect, juicy burger. AdvertisementThere are three main ways to defrost ground beef: in the refrigerator, in the microwave, or in cool water. Related storiesIf you can, try to find a local farm that sells whole cuts or its own frozen ground meat. Remember that the shape of the patties mattersLightly press your thumb into the burger patties as you shape them.

Persons: —, sy cho, you've, Cook, Moyo Organizations: Service, Business Locations: mayo

The distribution comes several days after the US military’s pier operation launched and got off to a rocky start. “Such challenges with internal distribution are not new or unique to aid delivery from the sea,” Cooper said. The US military is also going to continue airdropping aid into Gaza, Cooper confirmed. Dieckhaus said Thursday that there are “thousands and thousands of tons” of aid in Cyprus awaiting processing to be brought across the pier. On Wednesday, “the UN reported 215 private sector trucks entering Gaza through Kerem Shalom and 115 humanitarian assistance trucks through Zikim/Erez West,” USAID said.

Persons: Brad Cooper, ” Cooper, Cooper, Daniel Dieckhaus, “, Dieckhaus, Erez West, Erez East, ” Organizations: CNN — Aid, US Agency for International Development, USAID, United States Central Command, Pentagon, Management, UN Locations: Gaza, Hamas, Cyprus, Kerem Shalom, Rafah, Erez, United States, Israel

☆ The Taylor Swift Ticketmaster fiasco comes full circle as DOJ slams parent company with lawsuit
▼ + stars: | 2024-05-23 | by ( Katie Balevic | Juliana Kaplan | ) 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. Over a year after Ticketmaster crashed, preventing rabid Taylor Swift fans from purchasing tickets to her concert tour, the DOJ has announced an antitrust lawsuit against Ticketmaster's parent company, Live Nation Entertainment. Advertisement"This has given Live Nation and Ticketmaster the opportunity to freeze innovation and bend the industry to their own benefit. The lawsuit comes after Ticketmaster fumbled a pre-sale event in late 2022 for Taylor Swift's Eras Tour as fans competed with bots for a limited number of tickets. AdvertisementIn response to the antitrust suit, Live Nation said that "calling Ticketmaster a monopoly may be a PR win for the DOJ in the short term, but it will lose in court."

Persons: —, Taylor Swift, Merrick Garland, Taylor, Swift Organizations: Service, Ticketmaster, DOJ, Entertainment, Business, Justice Department, Department

☆ Fintech nightmare: 'I have nearly $38,000 tied up' after Synapse bankruptcy
▼ + stars: | 2024-05-22 | by ( Hugh Son | ) www.cnbc.com time to read: +4 min

The situation deteriorated in April after Synapse declared bankruptcy following the exodus of several key partners. That has left users of several fintech services stranded with no access to their funds, according to testimonials filed this week in a California bankruptcy court. One customer, a Maryland teacher named Chris Buckler, said in a May 21 filing that his funds at crypto app Juno were locked because of the Synapse bankruptcy. Synapse had contracts with 20 banks and 100 fintech companies, resulting in about 10 million end users, according to an April filing from founder and CEO Sankaet Pathak. The freeze-up of customer funds exposes the vulnerabilities in the banking as a service, or BAAS, partnership model and a possible blind spot for regulatory oversight.

Persons: Andreessen Horowitz, Chris Buckler, Buckler, Dave, Juno, Sankaet Pathak, Pathak, Joseph Dominguez, Dominguez, Jason Mikula, Mikula Organizations: Istock, Synapse, Evolve Bank & Trust, Mercury, CNBC, Evolve Bank, Trust, Regulators, FDIC, Federal Reserve Locations: California, Maryland, Joseph Dominguez of Sacramento , California, Silicon

☆ Inside Chef Carla Hall's fridge, from Costco staples to the one thing she always buys on sale
▼ + stars: | 2024-05-20 | by ( Lizzy Briskin | ) www.businessinsider.com time to read: +6 min

Hall's fridge is a trove of fun finds, from condiments we know and love to fancy European butter and an ample supply of eggs. AdvertisementA peek inside Carla Hall's fridge. Carla HallSundae fixingsCarla Hall's fridge had a few ice-cream flavors. "The one thing that I get when it's on sale is any kind of European-style butter," Hall said. AdvertisementMystery leftoversIf you're curious about the container with reddish contents in the center of Hall's fridge, join the club.

Persons: —, Carla Hall, Hall's, Carla Hall Sundae, Carla Hall's, Tyler Le, Ben, She's, Grey Poupon, Heinz, Grey Poupon Dijon, Amaro, amaro, unsalted Organizations: Service, Business, QVC, Walmart, Safeway, Costco Locations: gander, Washington ,, Jeni's, Tillamook, Southern

☆ Chile: Coldest May since 1950 grips capital region
▼ + stars: | 2024-05-18 | by ( David Shortell | ) edition.cnn.com time to read: +3 min

Santiago, Chile CNN —Bundled-up mannequins stand in the storefronts on the main shopping avenues off Santiago’s central Plaza de Armas. Thursday marked the coldest day of the year so far, with one weather station notching a frosty 30 degrees. A customer wearing a puffer jacket stands in front of a kiosk in Santiago, Chile, Friday, May 17, 2024. Esteban Felix/APA drone view shows San Cristobal hill during a season of low temperatures in Santiago, Chile, May 15, 2024. “It has natural protein and in this cold weather it gives you calories,” Salas, a nurse, said.

Persons: Chile CNN —, Angélica, ”, Rosita Moya, parka, “, Guzáman, We’ve, Esteban Felix, Ivan Alvarado, Diamira Salas sipped, ” Salas, Nancy Mujica, Tisla Organizations: Chile CNN, de Armas, Chilean Meteorologic Directorate, CNN, Authorities, Reuters, Bellas Artes Locations: Santiago, Chile, Santiago , Chile, Cristobal, La Vega, Bellas, Santo

☆ Vietnam reportedly forfeits billions of dollars in foreign aid amid anti-graft freeze
▼ + stars: | 2024-05-17 | by ( ) www.cnbc.com time to read: +2 min

Vietnam forfeited at least $2.5 billion in foreign aid over the last three years and may lose another $1 billion because of administrative paralysis, the United Nations, the World Bank and Western donors told the government in a letter seen by Reuters. Vietnam forfeited at least $2.5 billion in foreign aid over the last three years and may lose another $1 billion because of administrative paralysis, the United Nations, the World Bank and Western donors told the government in a letter seen by Reuters. Two senior foreign officials interviewed by Reuters directly linked the administrative hurdles to the "blazing furnace" anti-graft drive, echoing similar comments from other diplomats and officials in recent months. The anti-graft drive has created a sort of paralysis, in which bureaucrats are slow to approve or advance initiatives because they fear accidentally violating complex regulations. The U.N. and the World Bank said they kept working closely with the government on projects, with the U.N. acknowledging in a statement to Reuters that there were "challenges" for the use of funding.

Persons: Pham Minh Chinh Organizations: United Nations, World Bank, Reuters, European Union, Japan, Asian Development Bank Locations: Vietnam, Communist, United States

☆ House Democrat presses oil CEOs for details of Trump's fundraising dinner at Mar-a-Lago
▼ + stars: | 2024-05-14 | by ( Josephine Rozzelle | ) www.cnbc.com time to read: +1 min

Rep. Jamie Raskin (D-MD) speaks during a House Committee on Oversight and Accountability hearing on Capitol Hill in Washington, DC, on September 28, 2023. The House Oversight Committee's top Democrat asked oil executives to reveal whether former President Donald Trump had proposed a "quid-pro-quo" arrangement to them at a recent Florida fundraising dinner, according to letters released Tuesday by Rep. Jamie Raskin, D-Md. The letters arose from a Washington Post report that Trump hosted the executives for dinner Apr. "You all are wealthy enough," Trump reportedly told the assembled guests. Raskin asked the executives to provide descriptions of any discussions related to policy proposals or campaign finance they had at the dinner, as well as any efforts by the CEOs' respective companies to support Trump's campaign.

Persons: Jamie Raskin, Donald Trump, Trump, Raskin Organizations: Capitol, Democrat, Washington Post, Mar, Biden Locations: Washington ,, Florida, Gulf of Mexico

☆ I pay $1,450 a month to live on a houseboat in Toronto—'the best decision I ever made': Take a look inside
▼ + stars: | 2024-05-14 | by ( Kate Fincham | ) www.cnbc.com time to read: +6 min

Buying a houseboat: 'It felt like the perfect place for me'I visited one of the houseboats the following week. Moving aboard: 'The best decision I ever made'Going straight into a Canadian winter as a houseboat novice is generally considered a poor decision. Three years later, I regard buying my houseboat as the best decision I ever made. Courtesy of Kate FinchamMy bathroom has a typical residential toilet (which flushes into a holding tank below) and a bathtub. This area acts as my living room, dining room, and office, and features a wood stove and sliding glass doors that exit onto my back deck.

Persons: I've, I'd, Kate, Kate Fincham, Charlie, Finn, it's Organizations: Swans, Insurance Locations: Toronto

☆ Photographer Platon sits presidents and protesters on the same wooden box
▼ + stars: | 2024-05-13 | by ( Caitlin Chatterton | ) edition.cnn.com time to read: +9 min

“More world leaders have sat on that box than any chair in history,” the photographer Platon, owner of that very box, told CNN in an interview conducted over Zoom. One of the girls that Platon photographed there was Esther Faraja. Vladimir Putin, photographed by Platon for Time’s Person of the Year in 2007, initially liked the image that Platon produced. Platon photographed Burmese politician and activist Aung San Suu Kyi in 2010, shortly after she was released from nearly 15 years of house arrest. Platon photographed members of the Burmese LGBTQ+ community who are living in exile and fighting against legislation that criminalizes same-sex behaviour.

Persons: CNN — Vladimir Putin, Muammar Gaddafi, Mark Zuckerberg, Platon, “, ” Platon, it’s, Platon Antoniou, George, John Kennedy Jr, Barack Obama, ”, Esther Faraja, Josue, Mukwege's, Denis Mukwege’s, you’re, ” Vladimir Putin, doesn’t, Vladimir Putin, Putin, who’s, Clinton, Platon Bill Clinton, there’s, Bill Clinton, Hillary Clinton, “ Hillary, Aung, Suu Kyi, Platon Anastasia Smirnova, we’re Organizations: CNN, Hollywood, Royal College of Art, New Yorker, Kremlin, Downing, Mukwege's Panzi, Denis Mukwege’s Panzi, Society Locations: Greece, London, New York, George Clooney’s, Congo, Russian, Suu, Burma, Russia

☆ Bernie Sanders, 82, insists he has the energy to run for reelection
▼ + stars: | 2024-05-13 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +1 min

Bernie Sanders is the second-oldest senator, and he wants to serve six more years. "I would not have run if I didn't think I had the energy," he said. That didn't deter the 82-year-old Vermont senator and two-time presidential candidate from announcing his reelection bid last week. Sen. Dianne Feinstein ran for reelection at 85, only to experience several public memory lapses before dying in office. This story is available exclusively to Business Insider subscribers.

Persons: Bernie Sanders, Sanders, —, Sen, Dianne Feinstein, Mitch McConnell Organizations: Service, Business Locations: Vermont

☆ Floods in Brazil spark conspiracy theories over the cause, including toxic jet vapor trails and antennas in Alaska
▼ + stars: | 2024-05-12 | by ( Cameron Manley | ) www.businessinsider.com time to read: +4 min

Floods in Brazil's Rio Grande do Sul have sparked a number of online conspiracy theories. Jefferson Bernardes/Getty Images"What's happening in Rio Grande do Sul is definitely not natural," one user wrote on X. Advertisementvapor trails — "chemtrails" — spread by the government and then activated by HAARP antennas in Alaska to alter the weather, AFP reported. In the 1990s, a conspiracy theory evolved that they contained dangerous chemicals purposely put in the trails. Advertisement"The warmer atmosphere can store much more water vapor, fueling more frequent and intense episodes of rainfall that lead to disasters like this," he said, while also dismissing the HAARP theory.

Persons: —, Eduardo Leite, El Niño, Porto Alegre . Jefferson Bernardes, Hugo Chavez, Russell Brand, nesta, Gc4PiOiPv1 — Frederico Athia, Carlos Nobre Organizations: Service, National Institute of Meteorology, Research, AFP, BBC, Brazil's National Institute of Science, Technology, United Arab Emirates, University of Cambridge Locations: Brazil's Rio Grande do Sul, Rio Grande do Sul, Brazil, Porto Alegre ., American, Haiti, Alaska, Dubai

☆ The rule capping credit card late fees at $8 is on hold — here’s what it means for you
▼ + stars: | 2024-05-10 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

The U.S. banking industry won a key victory in its effort to block the implementation of a Consumer Financial Protection Bureau rule that would've drastically limited the fees that credit card companies can charge for late payment. The CFPB estimates that the rule would've saved American families $10 billion a year in fees paid by those who fall behind on their bills. It would've capped late fees that are typically $32 per incident to $8 each and limited the industry's ability to hike the fees. "Consumers will shoulder $800 million in late fees every month that the rule is delayed — money that pads the profit margins of the largest credit card issuers," a CFPB spokesman told CNBC on Friday. The CBA said it will continue to press its case in the courts on why the CFPB rule should be "thrown out entirely."

Persons: Rohit Chopra, Mark Pittman, would've Organizations: Consumer Financial Protection Bureau, Banking, Housing, Urban Affairs Committee, Washington , D.C, Financial, Bureau, Northern, Northern District of Texas, U.S . Chamber of Commerce, U.S, CNBC, Consumer Bankers Association, District, CBA Locations: Washington ,, U.S, Northern District

☆ CFPB rule to save Americans $10 billion a year in late fees faces possible last-minute freeze
▼ + stars: | 2024-05-09 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

A Consumer Financial Protection Bureau regulation that promised to save Americans billions of dollars in late fees on credit cards faces a last-ditch effort to stave off its implementation. Led by the U.S. Chamber of Commerce, the card industry in March sued the CFPB in federal court to prevent the new rule from taking effect. That could hold up the regulation, which would slash what most banks can charge in late fees to $8 per incident, just days before it was to take effect on Tuesday. The credit card regulation is part of President Joe Biden's broader election-year war against what he deems junk fees. Big card issuers have steadily raised the cost of late fees since 2010, profiting off users with low credit scores who rack up $138 in fees annually per card on average, according to CFPB Director Rohit Chopra.

Persons: Tobin Marcus, Joe Biden's, Rohit Chopra Organizations: Financial, Bureau, U.S . Chamber of Commerce, D.C, Northern District of, Wolfe Research Locations: Texas, Washington, Northern District, Northern District of Texas

☆ Tesla cuts all but 3 of its 3,400 listed jobs in North America
▼ + stars: | 2024-05-09 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +1 min

Tesla cut over 3,400 North American job postings down to just three. Tesla's official careers page and LinkedIn showed different results. AdvertisementIf Tesla is your dream company, you'll have to compete for one of just three listed US jobs. On Wednesday, the electric vehicle maker cut over 3,400 job postings in North America to just three. The now-axed roles, which were mostly in California, Texas, and Nevada, were listed on Tesla's official careers page as recently as Tuesday, according to a Quartz analysis of archived pages.

Persons: Tesla, Tesla's, — Organizations: Service, Business Locations: American, North America, California , Texas, Nevada

☆ How Corporate America is rethinking its sustainability and diversity efforts
▼ + stars: | 2024-05-09 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we're looking at how Corporate America is rethinking its sustainability and diversity efforts amid a push to avoid being labeled "woke." The rallying cry against companies' progressive campaigns is starting to leave a mark on Corporate America. AdvertisementAfter years of big promises and grand plans around social issues like diversity and sustainability, companies have taken a noticeable step back , Business Insider's Emily Stewart writes. The electric car maker axed more than 3,400 job postings in North America down to just three on Wednesday.

Persons: —, let's, wokening Brooks Kraft, Emily Stewart, Emily, ESG, hasn't, Peter Thiel, Donald Trump's, Bud Light, influencer Dylan Mulvaney, Rock, Saul Loeb, Chelsea Jia Feng, Wall, Warren Buffett, It's, Justin Sullivan, Elon, Eric Schmidt, Steve Mnuchin, Kevin O'Leary, salespeople, BI's Rob Price, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, wokening Brooks Kraft LLC, Corporate America, Trump Media, Getty Images, of America, Berkshire Hathaway's, People's Bank of China, Chelsea, Microsoft, Google, YouTube, Netflix Locations: America, Beijing, North America, New York, London

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