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The US has been "too passive" in the Red Sea, a retired US general told CBS' Face The Nation. The Houthis have been using drones and missiles to target commercial shipping in the Red Sea. AdvertisementA retired US general said the US has been too passive when it comes to the Houthis, letting them dominate the Red Sea, and said that it should go after their leaders instead. "We've been too passive," Kenneth F. McKenzie, who previously led the US Central Command, told CBS' Face The Nation on Sunday. "We've allowed the Houthis really to dominate the global maritime communications by closing down effectively the Suez Canal," he said.
Persons: Kenneth F, McKenzie, , We've Organizations: CBS, US Navy, Service, US Central Command, Business Locations: Red, Suez
Last season, the Gunners were edged out in the Premier League title race by five points. “I think we should be very proud of what we’ve done throughout this season, both in European competition and the Premier League. Champions League football has returned to the Emirates and so, too, has silverware. Catherine Ivill/ReutersYet it is the holy grail of the Premier League that he, the players, and the fans still so greatly crave. The former hinted after his latest league accomplishment that his stay in the Premier League is more likely than not to be drawing to a close.
Persons: Mikel Arteta, Pep, “ I’m, ” Arteta, Amanda Davies, , Arteta, Catherine Ivill, , Guardiola, Jason Cairnduff, he’d, that’s, We’ve, Glyn Kirk, Declan Rice, Kai Havertz, I’m Organizations: Italy CNN, Arsenal, Manchester City, Gunners, Premier League, CNN, Globe Soccer, Arteta, North London, Champions League, Emirates, City, Sky Blues, Barcelona’s, Guardiola, Getty Images, West Ham United, Chelsea, Ajax, it’s Locations: Sardinia, Italy, North, Catalunya, North London, Manchester, AFP, London
But after being a stay-at-home dad for over a decade, Dan and his wife got divorced a few years ago. AdvertisementSo after nearly 20 years out of the workforce, Dan has started to dip his toe into the job market. "When I review job sites, I'm underqualified for jobs that I used to do, and I most likely present as too old for entry-level positions," he said. "I'm resigned to ultimately taking an entry-level job if they'll have me." Dan said he'd been advised to pursue an entry-level job at Home Depot or Costco, in part so he could receive health benefits.
Persons: , Dan, He's, that's, I'm, it's, he's, he'd, they'll, Dan's, hasn't Organizations: Service, Yorker, Business, Bureau of Labor Statistics, Walmart, Depot Locations: Costco
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. I'm the founder, chairman, and CEO of Ink Inc. Public Relations, and I'm 79 years old. AdvertisementI'm still working because I still love my careerOne of the things that keeps me going is having a competitive nature. I'm not planning on retiring in the classic sense to some golf courseMost people experience fatigue, but I've never felt burned out. I'm not typically asked how old I am, but on the rare occasion I'm asked, my response usually surprises the inquirer, which isn't a bad feeling.
Persons: , Richard Grove, It's, Burson, I've, I'm Organizations: Service, Ink Inc, Public Relations, Business, Inc, Street, The New York Times, USA, Kansas Jayhawks Locations: Kansas City , Missouri, Kansas, New York City, California, Vietnam, Cuba, Mexico
The 51-year-old has about $250,000 in student loan debt. Like 29% of US households, Pizza lives paycheck to paycheck, but her income is too high for most government assistance, per Census Bureau data and cost-of-living estimates analyzed by the nonprofit United Way. AdvertisementTeachers and adjunct professors are especially vulnerable to being ALICEs. Sixty percent of adjunct professors make less than $50,000 a year, despite most of them holding at least a master's degree, according to a 2022 report by The American Federation of Teachers that surveyed 1,900 adjunct professors across the US. "There are many teaching college who are hungry and can't go to the doctor," Pizza said in an email to Business Insider.
Persons: , ALICE, Pizza, She's, Paul, she's, Joe Biden's Organizations: Service, Business, The American Federation of Teachers, BI, SNAP Locations: Twin Cities, St
Read previewSam Mitchell, 64, has a yearly income of below $30,000 a year from Social Security. It's a very different way of life from the corporate real estate job he had 15 years ago in Austin making six figures and owning five homes. "I am making a fourth of the money I was making in 2008, but nobody is going to do it." AdvertisementMoving to New York and FloridaTo start life anew, he bought a farm in Peru and built a small house. AdvertisementOnce Social Security payments kicked in, he relied on the $900 a month to get by.
Persons: , Sam Mitchell, they're, Mitchell, It's, Keller Williams, Austin, Sancho Panza, he's Organizations: Service, Social Security, Business, Social, University of Florida, South, Southwest, Austin City, Austin Locations: New York, Florida, Austin, Ithaca , New York, Atlanta, Santa Cruz , California, Costa Rica, South Austin, Peru, Ecuador, California , Oregon, Washington, BestBuy
If Shein goes ahead with the listing, it is expected to try to raise more than £1 billion ($1.3 billion) from the sale of new shares, Sky News said. Bloomberg and the Financial Times have also reported that Shein is preparing a confidential filing for a London listing. Given its high profile and potential hefty valuation, an IPO by Shein would be a much-needed coup for the London Stock Exchange. In recent years, several companies have quit the exchange for other cities or chosen New York to go public. Still, even the slightest hint that Shell could ditch London will have rattled the city’s financial center.
Persons: Shein, , , Marco Rubio, Susannah Streeter, Hargreaves Lansdown, Wael Sawan, Sawan, Shell Organizations: London CNN, Authority, Sky News, Bloomberg, Financial Times, UK’s Labour Party, CNN, Shein, London Stock Exchange, Nasdaq, Shell Locations: China, United Kingdom, Britain, Singapore, New York, United States, While New York, London
Perhaps the last thing the market needs is another shady financial product that pushes low-income Americans into homes they can’t afford, under terms that could bankrupt them. The zero-down mortgage is making a comeback, my colleague Matt Egan reports. And honestly, when has the value of the housing market ever gone anywhere but up up up up? The housing market, as we all remember from “The Big Short,” does not always go up. One way for motivated buyers to hunt for a lower mortgage rate is buy someone else’s.
Persons: America’s, aren’t, Matt Egan, you’re, let’s, didn’t, you’d, you’ll, , Patricia McCoy, ” Alex Elezaj, ” Adams, , Samantha Delouya, Ellen Harper, Samantha, ” Harper Organizations: New, New York CNN, Wall, United Wholesale Mortgage, Boston College Law School, CNN, Locations: New York, Georgia
The evidence is overwhelming that physical activity is good for both our bodies and our brains. By one estimate, we're getting 27 fewer minutes of physical activity on average each day than we did 200 years ago. For kids, who need even more physical activity, the decline is stark. A 2022 Report Card on Physical Activity for Children and Youth gave the US a D- score, concluding that America, while never sufficiently supportive of physical activity, had become even worse at making the space and time for it. I'd forgotten that exercise, while not a cure for my mental illness, was a necessary precursor to my mental wellness.
Persons: I'd, it's, that's, COVID, we're, aren't, I've, you've Organizations: Medication, Centers for Disease Control, Children, Youth Locations: Thai, America, Canada, Muay Thai
He landed on an option that's becoming increasingly popular with top MBAs and entrepreneurs: launching his own search fund. AdvertisementHere are three reasons why he decided on a search fund:Shift in the search fund businessSingh graduated from Harvard's MBA program in 2022. "Historically, tech people have stayed away from search funds because it's not exciting to them," he said. These could be projects that convert on-premise software companies to cloud companies or projects that change one-time software purchases to yearly subscriptions. Singh said he knew of about 20 MBAs from his Harvard cohort who started search funds, out of about 800 in his class.
Persons: , Gaurav Singh, Singh, that's, he'd, wouldn't, Harvard Organizations: Service, Harvard Business School, Business, Stanford Graduate School of Business, Stanford, Investors Locations: Toronto, Stanford, Midwest
Berlin CNN —Pavlo Kushnirov was among Ukrainian soldiers fighting in the eastern city of Bakhmut with114th territorial defence brigade on a sunny day last winter when Russian shelling changed his life forever. German officials estimate there are between 30,000 and 50,000 Ukrainian amputees as a result of the conflict. Now a German non-governmental organization is working to bring wounded Ukrainian soldiers to Berlin so they can be fitted with custom-made artificial limbs and given treatment that will allow them to lead as normal a life as possible. Kushnirov and Sayko-Kazakov are among the first of 60 severely wounded Ukrainian soldiers who will receive treatment in Germany, thanks to the Berlin-based NGO “Life Bridge Ukraine.” They hope to start what they see as a new life soon. Battlefield conditions in Ukraine mean limbs must often be amputated quickly to save soldiers’ lives.
Persons: Berlin CNN — Pavlo Kushnirov, Vitaliy, , , ” Vitaliy, Pavlo Kushnirov, Marko Gänsl, Seeger, Gänsl, Kushnirov, ” Gänsl, , Pavlo Kushnirov Gänsl, Omelchenko, ” Keen, Valerii, Janine von Wolfersdorff, Von Wolfersdorff, ” Von Wolfersdorff, Vitali Klitschko, Kai Wegner, Chris Stern, Volodymyr Havrylov, Havrylov, ” ‘, Kazakov, ” Kushnirov, Heiko Laschitzki Sayko Organizations: Berlin CNN, CNN, Ukrainian, Russian, , Kyiv’s, Berlin’s, CNN CNN, Kushnirov, Ukraine Locations: Ukrainian, Bakhmut, Berlin, Chervonopopivka, Luhansk, Donetsk, Lviv, Ukraine, Germany, Russian, Kyiv,
Chinese companies like social media giant TikTok and IT giant Lenovo are already globally competitive behemoths with compelling products. Admittedly, it's not a new move for Chinese companies to invest outside of China. Related storiesThis means Chinese companies will set up facilities overseas under their own brand or subsidiaries. In 2022, the German government blocked Chinese companies from taking stakes in two German chip companies, citing national security concerns and concerns over technology transfer. But even in today's complex geopolitical environment, Chinese companies are expected to continue venturing away from home, per EY.
Persons: , Chris Pereira, it's, It's, Pereira, Loletta Chow Organizations: Service, Lenovo, Chery, Business, Intelligence, EV, US, EY, EY China Overseas Investment Network, & $ Locations: China, New York, Asia, New York City, Swiss, Southeast Asia, Europe, Africa, America, Qatar, Spain, Norway, EY China
Few hotels are as synonymous with old world grandeur and colonial architecture as the Raffles Hotel Singapore — the hotel of choice for the city-state's visiting elite since it first opened in 1887. Built upon three hectares near the city's Central Business District, the hotel is itself a tourist attraction. Visitors stop to photograph its ornate façade or to sip a Singapore Sling at the drink's birthplace, the hotel's Long Bar. But half of the hotel is reserved for guests only, said Managing Director Christian Westbeld. Watch the full video to see more of Raffles Hotel Singapore.
Persons: Rudyard Kipling, Catherine , Princess, Christian Westbeld Organizations: Raffles Hotel, Central Business District, Sling, CNBC Locations: Raffles Hotel Singapore, Wales
The Washington Post is in trouble. This third newsroom will be comprised of service and social media journalism and run separately from the core news operation. AdvertisementStill, it's quite clear that Lewis, installed by Bezos last fall, has surveyed the existing Washington Post business strategy — run a newspaper with national ambitions and a subscription-based revenue model — and concluded that it didn't work. The more concerning part of Lewis' plan is that he now has two plans: There's The Washington Post, which will presumably continue to act like the old Washington Post. And there's the new, unnamed version of The Washington Post, which will operate very differently.
Persons: — Jeff Bezos, , Will Lewis, That's, Lewis, It's, he's Organizations: Service, Washington Post, Business, Bezos, Facebook, Daily, Washington, The Washington Post Locations:
United Airlines briefly grounded a jet after 30 passengers fell ill with symptoms like vomiting. The Boeing 737 Max was carrying dozens of passengers who were returning from a cruise. Two flights were canceled after the jet was taken out of service for deep cleaning. AdvertisementA United Airlines plane had to be removed from service after dozens of passengers fell ill, The Daily Mail reported. About 75 of those on board were returning from a cruise — about 30 of whom fell ill, per the Mail.
Persons: Max, Organizations: United Airlines, Boeing, Service, Airlines, Daily Mail Locations: Vancouver, Houston
Federal Documents CaseImage The federal indictment against Mr. Trump in the documents case. The charges were brought by Jack Smith, the special counsel appointed to oversee the federal investigations into Mr. Trump. Credit... Jacquelyn Martin/Associated PressLast summer, Mr. Smith charged Mr. Trump with conspiring to subvert democracy and stay in power against the will of voters following his loss in the 2020 election. Georgia Election CaseImage Fani Willis, the Fulton County district attorney, at a hearing on the Georgia election interference case in March in Atlanta. Dozens of pretrial motions have yet to be resolved, including recent sparring over the precedent in a legal case from the 1890s.
Persons: Donald J, Trump, Jon Elswick, Jack Smith, Smith, Aileen M, Cannon, Cannon’s, Jacquelyn Martin, Tanya S, Fani Willis, Alex Slitz Mr, Fani, Willis, Nathan Wade, Scott McAfee, Wade, McAfee’s, Sidney Powell, Kenneth Chesebro, Jenna Ellis, Donald Trump Organizations: Washington , D.C, Mr, Associated Press, Department, Justice Department, Associated, Capitol, of Appeals, Trump Locations: Manhattan, Florida, Washington ,, Georgia, , Washington, Fulton County, Atlanta ., Fulton County ,
Two years later, abortion rights remain a major issue in the 2024 election. Vice President Kamala Harris has taken the lead in the Biden campaign's push to highlight abortion rights on the campaign trail. The Senate filibuster requires a de facto 60-vote majority for legislation that would enshrine nationwide abortion rights protection into law. AdvertisementSome legal experts have also questioned whether Congress has the power to guarantee abortion access. Project 2025, an unofficial partnership of right-wing think tanks, has outlined an ambitious series of plans to curtail abortion rights if Trump wins in November.
Persons: , Roe, Wade, Joe Biden's, Biden, Donald Trump, There's, Trump, Here's, Kamala Harris, Saul Loeb, Joe Biden, It's, reimbursing, Mark Wilson, Arizona, Katie Hobbs, hasn't Organizations: Service, Business, CBS, New York Times, Trump, Biden, Getty, Senate, GOP, Supreme, Pentagon, Republican, Justice Department, Republicans, Gov Locations: Arizona, Arizonans, Siena, mifepristone, Florida
The investing environment is loaded with risks, according to top forecaster Gary Shilling. AdvertisementStock market investors are facing the risk of huge losses as the economy slows, and there are five rules they should follow to prepare for future headwinds, according to elite forecaster Gary Shilling. The stock market's setup also looks troubling. Shilling has advised investors in Chinese stocks to switch to Indian assets for months, citing factors like better economic growth prospects and population growth. AdvertisementShilling has maintained a notably bearish view on stocks and the economy, despite more investors warming up to the possibility of soft landing.
Persons: Gary Shilling, , Shilling, Steer Organizations: Service, Stock, Reserve, Nvidia Locations: China, India
WalletHub's report ranks state economies based on their economic activity, health, and innovation. Mississippi, Arkansas, Louisiana, and Kentucky are among the weakest state economies in the US. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Those five states have the best economies, according to a new ranking of all 50 states and DC by financial services company WalletHub. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Washington, Service, Business Locations: Mississippi , Arkansas , Louisiana, Kentucky, States, Washington , Utah , Massachusetts , Texas, California, , Mississippi, Hawai'i, West Virginia , Arkansas
Read previewThe great unbossing is underway, with companies cutting middle management positions. Cost cutting, Gen Z's distaste for management , remote working, and increased pressure on performance are all factors in why middle managers are finding their jobs are most at risk during layoffs. She said that not having a micromanager picking apart their work could benefit Gen Zers who don't feel they need to be "spoon-fed." Doing it rightThose who are skeptical of companies axing middle managers say it could mean junior staff won't receive the mentorship needed to climb the ladder. Camberato said staffers of all generations, from Boomers to Gen Zers, need to evolve, "especially as technology advances."
Persons: , Sophie O'Brien, O'Brien, Zers, micromanagers, they'll, We're, Catherine Rymsha, The University of Massachusetts Lowell, Rymsha, Joe Camberato, Camberato, Gen Zers Organizations: Service, Business, The University of Massachusetts, Business Capital, Boomers
"The Acolyte" follows a Jedi master who investigates the suspicious deaths of other Jedi. It's set 100 years before the "Star Wars" prequel era of the franchise. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe "Star Wars" universe is getting bigger with 2024's "The Acolyte," which revolves around a Jedi master tasked with finding the culprit when several Jedi knights are murdered. This story is available exclusively to Business Insider subscribers.
Persons: It's, Lee Jung, Carrie, Anne Moss, , Leslye Headland Organizations: Service, High Republic, Business
I've been to 107 countries and am lucky to have seen some of the most stunning places in the world. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWhen people find out how many countries I have visited, they always ask me which place is my favorite. I find that hard to answer because it's like choosing your favorite child, and my "favorite" varies according to different criteria. This story is available exclusively to Business Insider subscribers.
Persons: I've, Organizations: Service, Business Locations: Iceland, Slovenia, Town, Paro
He landed on an option that's becoming increasingly popular with top MBAs and entrepreneurs: launching his own search fund. AdvertisementHere are three reasons why he decided on a search fund:Shift in the search fund businessSingh graduated from Harvard's MBA program in 2022. "Historically, tech people have stayed away from search funds because it's not exciting to them," he said. These could be projects that convert on-premise software companies to cloud companies or projects that change one-time software purchases to yearly subscriptions. Singh said he knew of about 20 MBAs from his Harvard cohort who started search funds, out of about 800 in his class.
Persons: , Gaurav Singh, Singh, that's, he'd, wouldn't, Harvard Organizations: Service, Harvard Business School, Business, Stanford Graduate School of Business, Stanford, Investors Locations: Toronto, Stanford, Midwest
For example, a recent study conducted with 2,700 AI researchers indicated there's only a 5% chance that AI will lead to human extinction. The AI researcher teaches computer science at the University of Louisville and just came out with a book called "AI: Unexplainable, Unpredictable, Uncontrollable." Yampolskiy said he finds that unlikely since no AI model has been completely safe from people attempting to get the AI to do something it wasn't designed to do. AdvertisementGoogle AI Overviews, based on Google's Gemini AI model, is the latest product rollout that didn't stick the landing. The CEO of ChatGPT developer OpenAI, Sam Altman, has suggested a "regulatory sandbox" where people experiment with AI and regulate it based on what "went really wrong" and what went "really right."
Persons: , Lex Fridman, Fridman, Roman Yampolskiy, Yampolskiy, they've, Biden, Sam Altman, Altman, there'll, ChatGPT, Elon Musk, Eric Schmidt, Schmidt Organizations: Service, Business, University of Louisville, Google Locations: Africa
The incredible oblivion of Judge Marvin Isgur
  + stars: | 2024-06-03 | by ( Dakin Campbell | ) www.businessinsider.com   time to read: +45 min
On a mild Houston day in March 2021, Judge Marvin Isgur prepared to oversee the only case on his docket that morning. In October 2023, the Fifth Circuit Court rebuked Judge David Jones but said that his longtime colleague, Judge Marvin Isgur, had been "unaware" of Jones' inappropriate relationship. "But only Judge Isgur knows what he knew or didn't know about the relationship." Much of this work was in cases before either Judge Isgur or Judge Jones. Isgur can continue to hear the case, he ruled, writing in the December 2023 opinion that lawyers for the creditor "failed to demonstrate much other than that former Judge Jones and Judge Isgur are close friends."
Persons: Marvin Isgur, David Jones, Jones, Elizabeth Freeman, Jackson Walker, Isgur, Michael Van Deelen, he'd, Freeman, Matthew Cavenaugh, Cavenaugh, Michael Van Deelen Van, Judge Jones, who'd, Steve Smith, Smith, Michael Lewis, Van Deelen, I'm, Van Deelen's, Tom Kirkendall, Gary Cruciani, Judge David Jones, Nancy Rapoport, University of Nevada Las Vegas William S, Kirkendall, " Jones, Trump, she's, Sarah, Porter Hedges, , — Elizabeth Freeman, John Higgins, Whitney Ables, Josh Wolfshohl, Amy Lucas, Porter, Wesley Steen, Fifth Circuit —, that's, Liz, Bruce Markell, it's, Judge William Greendyke, Lynn LoPucki's, Patricia Tomasco, Christopher Lopez, Manges, Greendyke, Albert Alonzo, Alonzo, Jones Isgur, Susan Tran Adams, Matt Cavenaugh, Veronica Polnick, Genevieve Graham, cookout, Graham, Tran, Christina Morrison, David, I, Neiman Marcus, J.C, Penney, Freeman hadn't, hadn't, Jim Wilkinson, Ellis, Kirkland, Ellis —, Veronica Polnick —, Polnick —, Elizabeth, COVID, Jackson, Kirkland Ellis, they'd, — Greendyke, Wilkinson, Judge Isgur, Mike Warner, Eduardo Rodriguez, Rodriguez, Isgur's, Judge Lopez —, Lopez, Alfredo Perez, Weil, Perez, Richard Schmidt, Jack Newsham Organizations: Business, Southern District of, McDermott International, Southern, Houston, Fifth Circuit, Appeals, Department of Justice, Fifth, University of Nevada, Boyd School of Law, Circuit, University of Houston, American Bankruptcy Institute, Emory Law School, Emory, Facebook, Big Law, Reuters, Bloomberg, Northwestern's Pritzker School of Law, Enron, LinkedIn, Southern District of Texas, Judicial Conference, Texas, Chesapeake Energy, Big, Kirkland, Cavenaugh, UPS, Technologies, Candy Club, Omni, Norton Rose, GWG Holdings Inc, Brands, Southern District's, Southern District, US, Former Locations: Texas, Southern District, Southern District of Texas, Houston, New Orleans, United States, University of Nevada Las Vegas, Kirkendall, Galveston, Carolina, Porter, Harris, Nevada, Southern District of Texas , Delaware, New York, Delaware, Weil, Southern, disgorge, Sorrento, Corpus Christi, prefacing
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