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☆ Battered yen pinned near multi-decade low amid resilient dollar
▼ + stars: | 2024-06-27 | by ( ) www.cnbc.com time to read: +2 min

The yen languished near a 38-year low on Thursday and struggled on the weaker side of 160 per dollar, keeping markets on alert for any signs of intervention from Japanese authorities to prop up the currency. The yen languished near a 38-year low on Thursday and struggled on the weaker side of 160 per dollar, keeping markets on alert for any signs of intervention from Japanese authorities to prop up the currency. In the broader market, the dollar was on the front foot and stood near an eight-week high against a basket of currencies, helped in part by a weaker yen and as it rose in step with U.S. Treasury yields. In a carry trade, an investor borrows in a currency with low interest rates and invests the proceeds in higher-yielding assets. Analysts said while the risk of intervention has increased, Japanese authorities could be holding out for Friday's release of the U.S. personal consumption expenditures price index before entering the market.

Persons: Boris Kovacevic Organizations: U.S, Treasury, Ministry of Finance Locations: Japan, Tokyo

☆ An ex-Survivor contestant who brought in five figures from her online business while filming the show explains how she created a lucrative passive income stream in 3 steps
▼ + stars: | 2024-06-27 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

The 36-year-old single mom runs an email marketing business. Here's how Wilcox created passive income in three steps. Wilcox started her email marketing business during the pandemic. "Everyone talks about passive income, but they keep growing. Earning passive income doesn't happen overnight.

Persons: —, Liz Wilcox, Wilcox, I'm, Here's, it's Organizations: Service, LAX, Business

☆ Yen weakens past 160 against the dollar, reigniting intervention speculation
▼ + stars: | 2024-06-27 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Persistent weakness in the yen is raising concerns about the potential for a resurgence in cost-push inflation, likely weighing on private consumption. Bloomberg | Bloomberg | Getty ImagesThe Japanese yen hit a near-38 year low against the U.S. dollar late Wednesday, raising expectations that authorities could intervene in currency markets again. Stock Chart Icon Stock chart iconThe last time the yen crossed the 160 level, the currency subsequently strengthened sharply during the trading session, prompting analysts to speculate about an intervention. Japan's Ministry of Finance later confirmed the intervention in May, saying that it had spent 9.7885 trillion yen ($62.25 billion) on currency intervention between April 26 and May 29, according to a Google-translated statement. That was the first time that the Japanese government has undertaken such a market measure since October 2022, according to ministry records.

Organizations: National Printing Bureau, Bloomberg, Getty, U.S ., Japan's Ministry of Finance Locations: National Printing Bureau Tokyo, Tokyo, Japan

☆ Why AriZona Iced Tea CEO won't raise 99-cent price: 'It's my little way of giving back'
▼ + stars: | 2024-06-27 | by ( Nicolas Vega | ) www.cnbc.com time to read: +2 min

AriZona Iced Tea first put its iconic 99-cent cans in stores in 1992. the brand's chairman and founder Don Vultaggio said in a recent interview with Today. And while Arizona has expanded into selling merch and alcoholic beverages, it is still focused on selling as many 99-cent cans as it can. Sign up today and use code EARLYBIRD for an introductory discount of 30% off through July 10, 2024. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.

Persons: Don Vultaggio, Forbes, Vultaggio, doesn't Organizations: CNBC, Coke, Pepsi Locations: AriZona, , AriZona, Arizona

☆ Gold prices lingers near two-week low as traders eye U.S. inflation data
▼ + stars: | 2024-06-27 | by ( ) www.cnbc.com time to read: +2 min

Gold prices steadied on Thursday after falling to a two-week low in the previous session, while investors awaited U.S. inflation data for insights into how soon the Federal Reserve will cut interest rates. Gold prices steadied on Thursday after falling to a two-week low in the previous session, while investors awaited U.S. inflation data for insights into how soon the Federal Reserve will cut interest rates. Data due this week include the U.S. first-quarter gross domestic product estimates are due at 1230 GMT and the personal consumption expenditures inflation data on Friday. "Gold prices remain tangled in a tug of war between a less dovish Fed and high levels of geopolitical tension," analysts at BMI said in a note dated Wednesday. "The main driver of easing gold prices in the longer term will be greater risk-on sentiment as the global economy recovers in the later part of the decade."

Persons: Tim Waterer, Michelle Bowman, Waterer Organizations: Federal Reserve, U.S, KCM Trade, U.S ., Fed, BMI Locations: .

☆ Amazon is trying to defend its kingdom against cheap Chinese rivals, and it thinks it has a plan
▼ + stars: | 2024-06-27 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Temu and Shein have been giving Amazon a run for their money with their ultra-low prices. But Amazon might just have a plan to fend them off — starting its own discount section. The Seattle-based giant is looking to ship a range of unbranded items directly from China to the US. That appears to be the gist of Amazon's new plan to fend off its Chinese rivals, Temu and Shein. According to the outlet, Amazon wants to ship a range of unbranded items directly from China to the US.

Persons: — Organizations: Amazon, Service, Business Locations: Seattle, China

☆ These 13 states — including Florida and Texas — opted out of a $2.5 billion federal food program that would help feed low-income kids this summer
▼ + stars: | 2024-06-27 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +8 min

During the pandemic, the federal government covered the entire cost of the Summer EBT program, but starting this summer, states will be on the hook to split administrative costs 50/50. AdvertisementThirteen Republican-led states ultimately opted out of the program this summer, citing myriad reasons, including redundancy, insufficient support, and politics. AlabamaAccording to the state's Department of Health, one in four children in Alabama faces food insecurity. The state will reconsider joining the summer program once the backlog is dealt with, the outlet reported. Brian Kemp told local outlet 11 Alive that the state already has a summer food program in place.

Persons: —, Brian Kemp, Republican Sen, Cindy Carlson, Kim Reynolds, Reynolds, Kevin Stitt, Stitt, Biden, Henry McMaster, Scott Olson, Iran Fury, Kristi Noem, Chalkbeat, Fury, Megan Degenfelder, Degenfelder Organizations: Service, Department of Agriculture, SUN, Business, The, Agriculture, state's Department of Health, SUN Bucks, Alabama, state's Department of Education, Assistance, SNAP, state's Department of Children, Families, Florida Department of Children, Republican Gov, Republican, Idaho Education, Iowa, Iowa Iowa Gov, Human Services, Biden Administration, Mississippi The Mississippi Department of Human Services, Magnolia Tribune, Oklahoma Republican Gov, South Carolina Republican Gov, The Texas Tribune, state's, Human Services Commission Locations: Alabama, Alaska Alaska, Alaska, Florida, Georgia, SUN Bucks, NurPhoto Idaho, Idaho, Iowa Iowa, Mississippi, Oklahoma, South Carolina, Dakota South Dakota, Iran, Texas Texas, Wyoming Wyoming, Wyoming

☆ I'm a Californian who visited Jacksonville Beach for the first time. I preferred the Florida spot over Santa Monica for a laid-back vacation.
▼ + stars: | 2024-06-27 | by ( Molly O'Brien | ) www.businessinsider.com time to read: +1 min

I'm a Californian who visited Jacksonville Beach, Florida, for a spring getaway. Everything was generally more low-key in Jacksonville, and the beach was less crowded. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But I decided to visit Jacksonville Beach, Florida, (or "Jax Beach" as I heard it referred to by many locals) for a spring trip. This story is available exclusively to Business Insider subscribers.

Persons: —, I've, It's, Jax Organizations: Jacksonville, Service, Business Locations: Jacksonville Beach , Florida, Jacksonville, Florida, Los Angeles, Santa Monica, Southern California

Employees work at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Thursday, Jan. 4, 2024. Asia-Pacific markets opened lower on Thursday, as the Japanese yen weakened to a near 38-year low late Wednesday, hitting 160.82 against the U.S. dollar, according to FactSet data. The yen last breached the 160 level against the dollar two months ago, prompting the Japanese government to prop it up in the country's first currency intervention since 2022. Japan's year-on-year retail sales growth for May came in at 3%, higher than the market forecast of 2%, according to a Reuters poll of economists. Investors in Asia will also look toward China's May industrial profit numbers which will be released on Thursday.

Organizations: Tokyo Stock Exchange, Japan Exchange Group Inc, U.S ., Investors Locations: Tokyo, Japan, Asia, Pacific, Japan's

☆ A Dead Russian Satellite Broke Into More Than 100 Pieces in Space
▼ + stars: | 2024-06-27 | by ( Katrina Miller | ) www.nytimes.com time to read: +1 min

A decommissioned Russian satellite fractured in space on Wednesday, creating a cloud of debris in low Earth orbit that prompted astronauts aboard the International Space Station to take protective measures. The satellite, which was orbiting about 220 miles above the ground, broke apart into more than 100 shards, according to an announcement on Thursday by U.S. Space Command, a Defense Department agency that executes military operations in space. Space Command added in its statement that there were “no immediate threats,” and that assessments of the situation were ongoing. Russia retired Resurs P1 in 2022. Roscosmos, the Russian space agency and the former operator of the defunct satellite, did not respond to a request for comment.

Organizations: U.S . Space Command, Defense Department, Command, Resurs P1 Locations: Russian, Russia

☆ 'Highest return': Outperforming fund manager names the best ETFs to play India right now
▼ + stars: | 2024-06-27 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

"Since India is a strong secular growth market, we would say the mid and small-cap [market] is the place to be. Against that backdrop, he named one ETF to play this small-cap corner of the market: the iShares MSCI India Small-Cap ETF . For investors who want to invest in large-cap stocks, he recommends the iShares MSCI India ETF . A third ETF that Jayaraman likes is the WisdomTree India Earnings Fund , which tracks an index that measures the performance of companies traded in India that are profitable. While both funds invest in emerging market stocks, the International Opportunities Fund also has stocks of companies in developed countries outside the United States.

Persons: Arjun Jayaraman, Jayaraman Organizations: CNBC, Markets Fund, International, Fund, U.S Locations: India, United States

☆ Republicans want you to think Biden's on drugs at the debate because they've set expectations too low for him
▼ + stars: | 2024-06-27 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewDay in and day out, Republicans portray Joe Biden as a man who's too old and enfeebled to carry out the duties of the presidency. At 81, Biden is the oldest person to ever serve as president, and there's no denying that he shows it at times. But now, ahead of a high-stakes debate with Donald Trump on Thursday, some Republicans are adding a twist to that narrative: Biden may show up under the influence of drugs. The president has been in debate prep for days, and he's likely looking to snag a similar opportunity on Thursday.

Persons: —, Joe Biden, It's, Biden, Donald Trump, Ronny Jackson, Trump, There's, Eric Burlison of, enfeebled, He'll, Hillary Clinton, Jackson, Joe, Burlison, Robert Hur's Organizations: Service, Business, White, Texas Republican, Republicans, Rep, Trump, Democratic, State, Union Locations: Eric Burlison of Missouri, Philadelphia, State, Texas

☆ Walgreens slashes profit guidance, citing 'challenging' environment for consumers and pharmacies
▼ + stars: | 2024-06-27 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +2 min

A person rides past a Walgreens truck, owned by the Walgreens Boots Alliance, in Manhattan, New York City, on Nov. 26, 2021. Walgreens on Thursday reported fiscal third-quarter earnings that fell short of expectations and slashed its full-year adjusted profit outlook, citing a "challenging" environment for pharmacies and U.S. consumers. Still, Walgreens topped revenue estimates for the quarter on strong performance in its health-care segment. The company reported a net income of $344 million, or 40 cents per share, for the quarter. The company has not offered that guidance since October, when it said it expected $141 billion to $145 billion in sales.

Persons: Tim Wentworth, we've, Wentworth Organizations: Walgreens, Walgreens Boots Alliance, CNBC, LSEG Locations: Manhattan , New York City

☆ European markets head for negative open as inflation worries persist
▼ + stars: | 2024-06-27 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

A photo shows the bell during a bell ceremony of the Euronext Brussels Stock Exchange in Brussels on March 18, 2024. LONDON — European stocks are expected to open in negative territory Thursday as global inflation worries continue to rattle markets. Global market attention is shifting toward fresh U.S. inflation data on Friday, with May's personal consumption expenditures price index, the U.S. Federal Reserve's preferred inflation gauge, due to be released. Data releases in Europe Thursday include Italy's latest consumer and business confidence numbers, and Spanish retail sales. An EU leader' summit begins in Brussels on Thursday and the Bank of England publishes its latest Financial Stability Report.

Persons: Germany's DAX Organizations: Euronext Brussels Stock Exchange, LONDON, CAC, IG, Global, U.S, U.S . Federal, U.S ., Bank of England Locations: Brussels, U.S ., Asia, Pacific, Europe, EU

☆ Americans are finding it harder to get a new job
▼ + stars: | 2024-06-27 | by ( Alicia Wallace | ) edition.cnn.com time to read: +3 min

CNN —Americans are staying unemployed for longer, the latest Labor Department data shows, in a reflection of a slowing economy. The number of Americans receiving jobless benefits for multiple weeks climbed to its highest level since November 2021, according to a Department of Labor report released Thursday. While the number of initial claims remains near pre-pandemic levels (but well below historical averages), they’ve moved higher in recent weeks. Weekly jobless claims data, which is looked at as a proxy for layoff activity, can be highly volatile and is frequently revised. Still, the trend as of late has been an upward one, economist Ian Shepherdson wrote in a note to clients Thursday.

Persons: they’ve, Ian Shepherdson, Shepherdson, ”, “ Organizations: CNN, Labor Department, Department, Labor, Pantheon, Federal, Consumer

☆ Here's where Trump and Biden stand on reining in soaring home prices and rents ahead of their first debate
▼ + stars: | 2024-06-27 | by ( Eliza Relman | ) www.businessinsider.com time to read: +7 min

Former President Donald Trump has promised to attack President Joe Biden specifically on inflation. Even as the Federal Reserve has raised interest rates, demand and prices have stayed high, keeping housing inflation stubbornly elevated. Where Trump standsAs president, Trump didn't pursue as many policies directly intended to make housing more affordable. While in office, Trump's proposed budgets included significant cuts to agencies that provide federal housing subsidies, including the Department of Housing and Urban Development. Trump hasn't talked much about housing policy on the campaign trail, despite arguing that Biden hasn't done enough to control housing costs.

Persons: Donald Trump, Joe Biden, Trump, Biden, —, James Marshall, I'm, Kamala Harris, Janet Yellen, haven't, Trump's, suburbanites, Obama, Karoline Leavitt Organizations: Service, Business, Harvard, Federal Reserve, Tax, Union, Republicans, Biden, Department of Housing, Urban Development, Center, Budget, Trump, Homeless, NPR Locations: homeownership, Vegas, State, Nevada, Las Vegas

☆ How is Amazon hurting Walgreens' business? Jim Cramer explains
▼ + stars: | 2024-06-27 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

After Walgreens reported a disappointing quarter on Thursday, CNBC's Jim Cramer told investors why he thinks Amazon is making it hard for the drugstore giant to succeed. "The stock market can be a brutal, brutal, brutal task master. Cramer said Walgreens is more expensive than Amazon and less convenient, adding that there are not enough employees at its stores. He conceded that Walgreens' back-of-store pharmacy business may currently have a slight edge on Amazon. "But they do set out to get the best products with the best values at the most convenient places — the most convenient places meaning your home."

Persons: CNBC's Jim Cramer, Tim Wentworth, Walgreens, Cramer Organizations: Walgreens, Amazon

☆ I'm an American mom living in London. School ends in mid-July and my kids don't go to sleep-away camp.
▼ + stars: | 2024-06-27 | by ( Jennifer Barton | ) www.businessinsider.com time to read: +4 min

Summer break also looks a lot different for my kids than my summers going to Camp Mohawk in upstate New York used to. Here are three key differences I've noticed between summer break for kids in the UK vs the US. Summer camp culture looks very different in the UKThe UK isn't immune to US influences, but summer camp culture hasn't quite made it over here yet. For the final week of summer break, we visited my sister and her family in Munich. AdvertisementUnlike the US, where summer camp bookings are mega-competitive, getting an activity camp slot in London feels more accessible.

Persons: —, I'm, I've, it's Organizations: Service, Yorker, Business Locations: London, Camp Mohawk, New York, England, Portugal, Devon, Munich

☆ Stock market today: US edge higher amid mixed earnings and ahead of PCE inflation data
▼ + stars: | 2024-06-27 | by ( Max Adams | ) www.businessinsider.com time to read: +3 min

Stocks edged higher on Thursday ahead of PCE inflation data set to be released on Friday. Jobless claims rose less that expected last week, with 233,000 people seeking unemployment benefits. AdvertisementUS stocks edged higher on Thursday as traders assessed corporate earnings and waited on new inflation data to help inform rate-cut bets heading into the second half of 2024. AdvertisementOn the macro front, jobless claims were lower than expected, declining by 6,000 to 233,000 for the week ending June 22. Finally, traders are preparing to digest the latest personal consumption expenditures data, which is the Fed preferred inflation measure.

Persons: Walgreen, —, they've, Chris Zaccarelli Organizations: Micron, Service, Nvidia, Walgreens, Federal Reserve, Here's

And they were everywhere, although, naturally, New York City was a magnet, as it has always been for L.G.B.T.Q.+ people looking for a place in which they can be themselves. New York City was where you lost your soul, and we wanted to be closer to the earth. I wore an eight-and-a-half-foot-tall Statue of Liberty costume to the Easter Parade in New York City, and Kirsten came along with me. By the time I turned 30, I’d been telling people I was older for years, because I’m not the type to bemoan the loss of my youth. Going to New York felt like this moment of emerging to a wider audience, and then I started to travel a lot.

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Wong, David Henry Hwang’s, Richie, wasn’t, Wayne Barker, — John Wogan Edmund White, Edmund White, Horatio, Leonard Fink’s “, Barbara Confino, Leonard Fink, Joseph Rodriguez, Bleecker, You’d, Gosh, Michael Snyder Pat Oleszko, Chichi, Kirsten, who’d, she’d, — C.H, Brian Michael Smith, Gay, Smith, Kiki Ball, Josue Infante, Skyler Cruz, Jamison, — J.A.R, Agnes Denes’s “, Don Yowell, Finkelstein, Agnes Denes, Leslie Tonkonow, Don, Agnes Denes’s, JD Samson, Sia, Mark Hunter, Anthony Cotsifas I’d, Johanna Fateman, Tigre, Michael O’Neill, Obama, might’ve, — Kate Guadagnino Kristen Kish, Kish, Suzanne Kreiter, David Moir, Bravo, isn’t, — J.W, Stephen Spinella, Mantello, Joan Marcus, Photofest, Tony Kushner’s, Louis Ironson, Milton Glaser, he’s, David, Marshall Grant, Joe Pitt, Walter, Awards, Stephen, ” —, Freedia, Devon Hurst, Sissy Nobby, Barack Obama’s, Lyle Ashton Harris, Big, Bounce, ” — M.B, Thom Browne, Browne, Los Angeles’s Chateau Marmont, Malcolm Venville, Paul Fortune, Michèle Lamy —, — J.C, Catherine Opie’s “, Opie, Ian, Lehmann Maupin, Eileen Myles, Jenny Shimizu, I’ve, Nicole Acheampong Danez Smith, Juan Cordero, ” Womp, They’d, hookups, Who’s, We’ve, You’re, J.A.R, Linda Simpson, India, Little Louie Vega, who’s, — K.G, Alexander Chee, Alexander Chee’s, Marguerite Duras’s “, Jeongneung, King Jungjong, Eric McNatt, Chris Chee, — M.S, Sam Jay, Jay, Jonah, Kumail ”, hadn’t, K.G, Phillip Lim, Lim, Tourmaline, Sylvia Rivera, Luce Capco Lincoln, York’s, We’d, Marsha P, John Cameron Mitchell, Larry Kramer, Mitchell’s, Mitchell, Martha Swope, Billy Rose, Mark Tusk, ” Kramer’s, Larry, Ned Weeks, Ned, “ Hedwig, J.W, Joerg Lohse, Reena, there’s, Matt Bomer, Bomer, Simon Halls, Neal Caffrey, Tony Kushner, Terrence McNally —, — I’d, Hollywood, Wu Tsang, Neil Rasmus, Wildness, ’, Wildness ”, Roxane Gay, Mueller, Brandon Williams, Donna Gottschalk, Donna Gottschalk’s “, Duchess, Galerie Marcelle Alix, goddamn, Coco Romack Michael R, Aaron Kinney, Nova, “ I’m, Bob Damron’s, Sgt, Shirley, Waldorf, Harold’s, Jean ] Genet, Marcel, Proust Organizations: Pride, Stonewall, West, America’s, ACT UP, San, Playwrights Horizons, Odeon, New York’s TriBeCa, Electric, Getty, Police, Billy, New York Live Arts, Keith Haring Foundation, BAM Hamm, Liberation, Brooklyn Liberation, Brooklyn Museum, Fort, New York’s, New York’s Eugene O’Neill Theatre, Broadway, Equity, LGBT Community Center, Fulbright, Mudd, New, Bisexual, Transgender Community, Center, Transgender Community Center, “, Maxwell, Museum School, Farmers, Seattle, Boston Globe, Travel, New York Times, Rancho Mirage, Gay, Caesar’s, FEMA, Yale, York’s Webster Hall, Masters, Records, Pyramid, Work, ACT, Carpenters, Seymour, Edinburgh, Atlanta —, Ninja, Huntington, New York, Lesbian, Equal, Billy Rose Theatre Division, The New York Public Library, The New York Times, USA, Children’s Hospital of Los, MoMA, Whitney Biennial, University of Nebraska, Alamy, HarperCollins, of Engineering, Google, Division, Astor, Tilden Foundations, Pershing, University of Southern, Pershing Square Locations: New York, Berlin, “, America, San Francisco, Baltimore, New York’s, New York City, California, Atlanta, Europe, Wayne County, Dortmund, Germany, London, Amsterdam, Rotterdam, Rockland County, N.Y, ’, I’m, Brooklyn, West Dakota, Fort Greene, New, Leonard Fink’s “ Bars, Street, Rome, —, Aspen, Colo, Copenhagen, Danish, Peru, Los Angeles, Agnes Denes’s “ Wheatfield, Downtown Manhattan, North Moore, TriBeCa, Hoboken, N.J, Lower Manhattan, Manhattan, Boston, Williamsburg , Brooklyn, Vinnie’s, Bedford, Austin , Texas, Copley, Menton, Asian American, York, New Orleans, Houston, Los Angeles’s, L.A, Hong Kong, Seoul, Casa, Koreatown, Minneapolis, Grindr, East, India, Wigstock, Tompkins, Vershire, Chee, Iowa, Huntington Beach, Chelsea, Barneys, Madison, Miami, New York State, Washington, The, LA, Silver Lake, Missouri, Children’s Hospital of Los Angeles, Zurich, Central, American, Westlake, Los Angeles and New York, Lincoln, Alphabet City , New York, Lenox, United States, University of Southern California, Downtown Los Angeles

☆ Nike warns of guidance cut as it posts slowest annual sales gain in 14 years
▼ + stars: | 2024-06-27 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +3 min

Nike on Thursday reported its slowest annual sales growth in 14 years, excluding the Covid-19 pandemic, as the sneaker giant warned of "challenges" that led it to cut its current year outlook. For the fiscal fourth quarter, the company handily beat earnings estimates as its cost-cutting efforts continue to bear fruit, but Nike fell short on revenue estimates. In fiscal 2024, Nike posted sales of $51.36 billion, which is flat compared to the prior year. In Europe, Middle East and Africa, Nike posted revenue of $3.29 billion, compared to estimates of $3.32 billion. In Asia Pacific and Latin America, Nike saw $1.71 billion in sales, compared to estimates of $1.77 billion.

Persons: Matthew Friend Organizations: Nike, NIKE, LSEG, Asia Locations: Nice, France, China, North America, Europe, Middle East, Africa, America

☆ Caspar Lee says young people are unlikely to make lots of money on YouTube and should do it for fun
▼ + stars: | 2024-06-27 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +3 min

Caspar Lee advised young people who want to be content creators to do YouTube for fun rather than focusing on making money because the chances of financial success are low. Lee previously told CNBC Make It that YouTubers with millions of subscribers can make millions of dollars, typically by joining YouTube's Partner Program. Nearly half of creators earned an annual income of $15,000 or less in 2023, according to a survey of over 2,000 content creators by influencer marketing agency NeoReach. Lee encourages aspiring YouTubers to find a way to be successful without relying on followers or fame. Since his YouTube days, Lee has co-founded several companies in the creator economy including the influencer marketing company Influencer.com and a venture capital fund called Creator Ventures.

Persons: Caspar Lee, Lee, it's, that's, Goldman Sachs, YouTubers Organizations: CNBC, YouTube's, NeoReach, Ventures Locations: British

☆ A Surprising Climate Find
▼ + stars: | 2024-06-27 | by ( Raymond Zhong | ) www.nytimes.com time to read: +1 min

We humans have settled in all sorts of precarious environments: parched deserts, barren tundra, high mountains. None are precarious in quite the same way as atolls, the tiny, low-lying islands that dot the tropics. As the planet warms and the oceans rise, atoll nations like the Maldives, the Marshall Islands and Tuvalu have seemed doomed to vanish, like the mythical Atlantis, into watery oblivion. Of late, though, scientists have begun telling a surprising new story about these islands. By comparing mid-20th century aerial photos with recent satellite images, they’ve been able to see how the islands have evolved over time.

Persons: they’ve Organizations: Marshall, Indian Locations: Maldives, Marshall Islands, Tuvalu, Pacific

☆ The housing market is ‘stuck’ until at least 2026, Bank of America warns
▼ + stars: | 2024-06-27 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

Economists at Bank of America warned this week that the US housing market is “stuck and we are not convinced it will become unstuck” until 2026 — or later. And mortgage rates may not fall much — even if the Federal Reserve finally delivers long-delayed interest rate cuts. There isn’t a magic fix,” Michael Gapen, head of US economics at Bank of America, told CNN in a phone interview. However, Bank of America expects housing starts — which is a measure of newly constructed homes — to remain flat for the coming years. Divide between haves and have-notsThe forecast for a “stuck” housing market cuts both ways.

Persons: unstuck, —, Michael Gapen, “ It’s, ”, ‘, Dave Liniger, ” Liniger, Liniger, “ Don’t Organizations: New, New York CNN, Bank of America, Federal Reserve, CNN, ”, ” Bank of America, Gallup Locations: New York, America

☆ LVMH boss Bernard Arnault raised his job's retirement age to 80. Warren Buffett told him that age limit was too low.
▼ + stars: | 2024-06-27 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Warren Buffett wrote to Bernard Arnault after the LVMH CEO raised his job's retirement age to 80. The investor told the luxury tycoon suggested he should have lifted it higher, Bloomberg reported. Berkshire Hathaway's 93-year-old CEO has argued that great bosses only get better with age. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAfter Bernard Arnault raised the retirement age for his job from 75 to 80 in 2022, Warren Buffett wrote to the luxury tycoon suggesting he should have hiked it higher.

Persons: Warren Buffett, Bernard Arnault, —, Berkshire Hathaway, Buffett Organizations: Bloomberg, Berkshire Hathaway's, Service, Berkshire, Business Locations: Berkshire

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