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This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Rate cuts several months awayFederal Reserve Governor Christopher Waller said he does not think further rate increases are necessary, but he will need convincing before backing any rate cuts. Singapore Airlines: one dead, 30 injuredOne person died and 30 people were injured aboard a Singapore Airlines flight that was hit by severe turbulence and forced to land in Thailand. Singapore Airlines Flight 321 encountered "sudden, severe turbulence" about 10 hours into a flight from London to Singapore, the airline said.
Persons: Christopher Waller, Waller, Biden, Jennifer Granholm, Walt Disney, Bob Iger, Jesse Pound, JPMorgan's Marko Kolanovic Organizations: New York Stock Exchange, CNBC, Nasdaq, Nvidia, Dow Jones, Federal, Gasoline, East, Pixar, Studios, Disney, Walt Disney Animation, Singapore Airlines, Singapore Airlines Flight, Boeing, Wall Street Locations: New York City, Israel, Thailand, London, Singapore
Neighborhood names are also shorthand for your rent or mortgage payments. In 2017, real-estate brokers in the historically Black New York neighborhood of Harlem sparked backlash when they tried to rebrand its south end as SoHa. At their best, new neighborhood names bring people together over a shared sense of pride in their little corner of the world. Along the way, these neighborhood names have veered into parody territory. I'm not saying that neighborhood names should be set in stone — in fact, I think it's natural for them to evolve alongside their populations.
Persons: you've, MoRA, Nashville's, they're, Let's, Gill Holland, Holland, Nestor Davidson, David Fagundes, Grant McKenzie, McKenzie, Hakeem Jeffries, Jeffries, Davidson, They're, Bob Dylan's, Marshall, Lily, I'm, Willy, Dirtbag, Little Italy — Organizations: Market, McGill University, University of Maryland, Houston, Financial, Tribeca, McGill, Google, Democratic, New York State Assembly, New York Times, Apple, North Arts District, Congress, Little Locations: Denver, Charlotte , North Carolina, LoSo, Boston, Louisville , Kentucky, NuLu, Austin, America, New York City, Louisville, Holland, North Carolina, Greenwich, Louisville's, Phoenix, Holland's, York, New York, Manhattan, Side, Chelsea, Maryland, Harlem, SoCo, Soho, Dowisetrepla, Charlotte, East Williamsburg
Support local vendors whenever possibleThe wedding industry is incredibly lucrative, and a huge economic boost for Hawaii. Zablan-Duvauchelle said couples can find local photographers and wedding planners, as well as buy guest favors from local businesses. Advertisement"Having a local wedding planner can help you identify local vendors," Zablan-Duvauchelle said. AdvertisementIf you want to meet some of your vendors for hair and makeup trials or catering tastings, Zablan-Duvachelle suggests booking a wedding planning trip to help guide your decision-making. It's the small things that countNo matter where you decide to have your wedding, Zablan-Duvauchelle said the details make a wedding sing.
Persons: , Zabrina Zablan, Duvauchelle Organizations: Service, Business Locations: Hawaii, Alaska, New York City, San Francisco, O'ahu, Waikiki, Poipu, Waimea, Kauai, Zablan
CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wall Street reaches new highsThe S&P 500 and the Nasdaq Composite rose to fresh record highs as investors await earnings from AI chipmaker Nvidia after the close on Wednesday. Nvidia's shares rose 0.6% with option traders pricing in swings of as much as 9% up or down in reaction to its earnings. Rate cuts several months awayFederal Reserve Governor Christopher Waller said he does not think further rate increases are necessary, but he will need convincing before backing any rate cuts. [PRO] When Nvidia risesCNBC's Ganesh Rao takes a look at six artificial intelligence-related stocks that have historically reacted positively to Nvidia's quarterly earnings.
Persons: Christopher Waller, Waller, Biden, Jennifer Granholm, Walt Disney, Bob Iger, Ganesh Rao Organizations: New York Stock Exchange, CNBC, Nasdaq, Nvidia, Dow Jones, Federal, Gasoline, East, Pixar, Studios, Disney, Walt Disney Animation, CSI, Nikkei, Reserve Bank of New Locations: New York City, Israel, Asia, Hong Kong, Reserve Bank of New Zealand, United States, Japan
LONDON — British regulators on Wednesday dished out a combined £61.6 million ($79 million) in fines to U.S. investment bank Citi for failings in its trading systems and controls. "Firms involved in trading must have effective controls in place in order to manage the risks involved. The regulators said that certain system and control issues persisted during the probe period and led to trading incidents, such as so-called fat-finger trading blunders. "Deficiencies in CGML's trading controls contributed to this incident, in particular the absence of certain preventative hard blocks and the inappropriate calibration of other controls," the statement read. "We immediately took steps to strengthen our systems and controls, and remain committed to ensuring full regulatory compliance."
Persons: Sam Woods Organizations: CitiBank, LONDON, Citi, Prudential, Authority, Financial, Citigroup Global Markets, prudential, CNBC Locations: Manhattan, New York City
Mayor Eric Adams has long valued loyalty, keeping his allies close as he rose through New York City’s political ranks to become mayor, and rewarding them with top administration jobs. So this week, as the mayor quickly sought to fill out a powerful commission that could reshape city government, possibly for generations to come, he predictably turned to a cadre heavy on loyalists. The roster of the Charter Revision Commission was released on Wednesday, just 24 hours after Mr. Adams announced he was creating one. The move may foil an effort by the New York City Council to exert more control over the mayor’s high-level appointments. And although the announcement came as a surprise, the mayor’s spokesman said the commission has long been in the making.
Persons: Eric Adams, Adams Organizations: New, New York City Council Locations: New York
More than half of Americans think the United States is in an economic recession, although gross domestic product has been increasing for the past several years. According to a new Guardian/Harris poll, 56% of respondents said they believe the U.S. is in a recession and 58% say that President Joe Biden is responsible for what they see as an economic downturn. A recession is an extended period of economic decline, usually designated when GDP has declined for two or more consecutive fiscal quarters. U.S. GDP growth has been outpacing that of other developed nations. The Guardian/Harris poll is yet another example of an ongoing gap between economic data and economic feelings that has nagged the Biden administration in recent months.
Persons: Kristen Visbal, Harris, Joe Biden, Biden, NBC's Organizations: New York Stock Exchange, Guardian Locations: New York City, United States, U.S, ., America
I spend about $1,600 on cleaning services and childcare monthly and around $1,000 each quarter on a stylist. Paying for things like a housekeeper, childcare, and a stylist allows me to put more time into making more money. Cleaning the house would take hours for me, and doing laundry for four people can easily take four to five hours a week. That's when we started getting a nanny a few hours a week, twice a week. I also love the fact that I can go to my son's karate class three times a week with the extra help.
Persons: , Gabrielle Gambrell, I've, Gabrielle Organizations: Service, Amazon, NYU, Columbia, Columbia University, Business, Bowl Locations: New York City, Los Angeles, Westchester , New York
In 2017, fewer than half of the largest U.S. cities offered formalized pickleball courts. "We have found New York City parks to really understand the popularity of pickleball and also the need for more courts," said Cannon. We're excited to meet the increasing demand and bring Pickleball Kingdom's premier indoor pickleball to the masses," said Ace Rodrigues, founder and CEO of Pickleball Kingdom. Pickleball courts are also popping up at gyms throughout the country. Life Time, an "athletic country club," currently boasts almost 700 pickleball courts across its 170 U.S. locations.
Persons: Wang Fan, Will Klein, Klein, pickleball, Erica Desai, Mary Cannon, Pickle, Cannon, Desai, Pickleball, Rodrigues, Andre Agassi, Bahram Akradi, Ben Johns, Collin Johns, Anna Bright, Tyson McGuffin, Mike Stobe Organizations: Central Park, China News Service, Getty, Trust, Public, Pickle, Long, PENN, Garden Locations: Central, New York City, pickleball, Louisville , Kentucky, Madison , Wisconsin, Honolulu, Manhattan , Brooklyn, Long Island City, Kingdom, Pickleball, United States, Pickleball Kingdom, U.S, Annapolis , Maryland, Madison
The announcement is in addition to another $4 billion cost-cutting effort, which Pfizer announced last year as demand for its Covid vaccine and oral drug Paxlovid slumped. One-time costs related to the initial stage of cuts are expected to be about $1.7 billion, including severance for an unspecified number of laid-off employees. Pfizer also expects the program to involve "product portfolio enhancements" and changes to the company's manufacturing and supply network, a spokesperson told CNBC. "The program will focus on streamlining our ways of working, reducing complexity and increasing productivity in Pfizer Global Supply," the spokesperson said in a statement. Pfizer is trying to shore up investor sentiment after its shares fell nearly 50% in 2023, making it the worst-performing pharmaceutical stock last year.
Persons: Paxlovid, Wall, Albert Bourla Organizations: Pfizer, CNBC, Pfizer Global Supply Locations: New York City
New York City will begin a new push to evict migrants from its shelter system on Wednesday as the city enters a more aggressive phase in its effort to ease the strain that the migrant crisis has placed on the city’s budget and shelters. The first wave of evictions will affect adult migrants who were given 30-day notices a month ago as part of the city’s push to enforce stricter time limits on shelter stays. Adult migrants who wish to stay longer can receive an extension if the city determines they meet one of several exceptions. As the rules are phased in, they will eventually cover all 15,000 adult migrants that the city is paying to house in an array of hotels, tent dormitories and other buildings. Officials are also seeking to make space for the hundreds of migrants still arriving from the southern border each week.
Persons: Eric Adams Organizations: Democrat Locations: York City
I reported him and then I just tried to follow the justice and what they told me to do,” Battilana Gutierrez told CNN in a recent interview. Battilana Gutierrez says she sees chilling parallels between the alleged conspiracy surrounding a hush-money payment connected to Trump and what happened to her. “It would be very interesting to see if he had to speak about the Harvey Weinstein trial,” Battilana Gutierrez said of Pecker. Of Battilana Gutierrez, he added, “Harvey wishes her well and hopes only for happiness and success for her.”Eventually, Battilana Gutierrez did sign a non-disclosure agreement with Weinstein’s legal team. Mark Peterson/Redux“Both Harvey Weinstein and Donald Trump were ‘FOPs’ – Friends of Pecker,” Cartwright told CNN.
Persons: Ambra Battilana Gutierrez, Harvey Weinstein, , ” Battilana Gutierrez, , , Battilana Gutierrez, Weinstein, Donald Trump, David Pecker –, Trump, Jeenah, Michael Cohen, ” Pecker, Arnold Schwarzenegger, Ari Emanuel, Rahm, Barack Obama’s, Schwarzenegger, Ari, Rahm Emanuel, Pecker, ’ Battilana Gutierrez, , ” Harvey Weinstein, Natalia V, ” Weinstein’s, Juda Engelmayer, “ Ms, Gutierrez ’, ” Engelmayer, Battilana, Julia Nikhinson, he’s, Harvey Weinstein’s, “ Harvey, Judge James Burke, ” Gutierrez, Ronan Farrow, Cyrus Vance , Jr, Eduardo Munoz, Cyrus Vance, ” Vance, Vance, Attorney Alvin Bragg, Weinstein’s, Lachlan Cartwright, Ambra, ” Cartwright, David J, Mark Peterson, Rose McGowan’s, Cartwright, McGowan, American Media …, Timothy A, Clary, Jason Kravarik Organizations: CNN, Trump, American Media Inc, National, Manhattan Criminal, Staff, Chicago mayorship, National Enquirer, New Yorker, The New York Times, New, Weinstein’s, Manhattan District, Manhattan DA, Manhattan, Attorney’s, Attorney, Attorney’s Office, New York Times Magazine, AMI, Manhattan DA’s, New York Times, Enquirer, Yorker, Weinstein Company, Pecker, Radar, , American Media, Model Alliance, Getty Locations: Italian, New York City, Manhattan, New York, Los Angeles, Italy, York, New, Angeles, AFP, CNN’s
Count Baked by Melissa founder Melissa Ben-Ishay among the entrepreneurial success stories founded on getting out of the corporate rat race. Before starting her company, Ben-Ishay worked at an ad agency in New York City – a role she felt unfulfilled in. At the time, every cupcake came from her tiny New York City apartment kitchen. The cafe owner became a shareholder in Baked by Melissa, and the company was able to continue using the space for years. A year after it moved into the Cafe Bari space, Baked by Melissa opened its second location in Union Square.
Persons: Melissa, Melissa Ben, Ishay, Cafe, Ben Organizations: Ben, aha, CNBC Locations: New York City, Ben, Cafe Bari, Bergen County, Bari, Union Square
Before I lost 120 pounds, I could barely run a mile, let alone the length of a proper race. I'd always been heavy-set, but by the time I reached my early 30s in 2010, my weight was a big issue. My heaviest weight was 350 poundsHe told me that he'd had gastric sleeve surgery and never looked back. AdvertisementQuintano had gastric sleeve surgery in April 2023 Courtesy of Anthony QuintanoMeanwhile, I'd developed a blood clot in my leg. I started walking laps around my hospital room.
Persons: , Anthony Quintano, I'd, munch, Quintano, he'd, Anthony, you've, I've Organizations: Service, Business, KFC, Brooklyn, New York City Marathon Locations: Brooklyn, Maine, New Jersey, Central, New York
CNN —Sean “Diddy” Combs has been accused of sexual assault in a new lawsuit filed on Tuesday by Crystal McKinney, a former model and winner of MTV’s 1998 Model Mission competition show. McKinney “felt confused but hopeful that Combs would fulfill his promises to help her career,” and Combs invited her to his recording studio later that night, the complaint continues. In the bathroom, Combs “began kissing her without her consent” and later “forced her to perform oral sex on him,” according to the complaint. “As her consciousness returned, Plaintiff realized that she had been sexually assaulted by Combs,” the complaint reads. One of the six suits names Combs as a defendant but was was brought against Combs’ son, Christian Combs.
Persons: Sean “ Diddy ” Combs, Crystal McKinney, McKinney, , Combs, McKinney “, , Combs “, Sean John Clothing, ” McKinney, Tommy Hilfiger, Cassie Ventura, Ventura, ” Combs, Meredith Firetog, Cassie, Combs ’, Christian Combs, Ventura’s Organizations: CNN, Plaintiff, Combs, Bad Boy Records, Sean John Clothing LLC, Universal Music Group Inc, New, New York City Council, IMG, MTV, Authorities, Department of Homeland Security Locations: New York, New York City
Things are so bad that even tech workers, who make some of the highest salaries of any profession, are feeling the crunch. Entry-level tech workers made an average of $75,262 in 2023, and could only afford 2.1% of studio and one-bedroom rental apartments in the city, StreetEasy found. "If these tech employees can't afford housing, then who can?" But even as New York City has created 800,000 new jobs in the last 10 years, it's only built 200,000 new homes. The average tech worker makes 52% more per year than the average worker in New York City, the StreetEasy report noted.
Persons: StreetEasy, Julie Samuels, Samuels, , Kenny Lee, Eric Adams, Kathy Hochul, Hochul, Adams Organizations: Service, Apple, Business, Tech, New York City, New York State Department of Labor, York City, New York, Yorkers Locations: New York, Manhattan, York City, San Francisco, New York City, StreetEasy, Yorker, York
Some young retirement savers say they might raid their 401(k) accounts to buy a home. To compare, only 25% of Gen X homebuyers and 16% of baby boomers plan to withdraw retirement funds for a home. "You really, really, really, really shouldn't be taking out your retirement for a house," said Stacy Francis, a certified financial planner and president and CEO of Francis Financial in New York City. Generally, early withdrawals from retirement accounts can trigger taxes and a 10% penalty, unless the account owner meets a listed exception. For both individual retirement accounts and 401(k)s, qualifying first-time homebuyers may be able to take up to $10,000 penalty-free.
Persons: Zers, X homebuyers, Stacy Francis, Roth, Francis Organizations: Real, BMO Financial Group, BMO, Francis Financial, Finance, CNBC Locations: Millennials, New York City
Amid growing public dissatisfaction with Mayor Eric Adams’s job performance, the New York City Council speaker, Adrienne Adams, was about to make a power play. Ms. Adams was preparing to introduce legislation on Thursday that would require the mayor to obtain Council approval on 21 commissioner-level appointments, according to a draft of the bill that the speaker’s office shared with The New York Times. The move would significantly curtail the mayor’s authority by adding a level of Council oversight. It would require a citywide voter referendum, because it proposes to curb the power of the mayor. Only one member was named; other names, the release said, would be forthcoming.
Persons: Eric Adams’s, Adrienne Adams, Adams Organizations: New, New York City Council, The New York Times, Times, Commission Locations: New York City
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhole Foods co-founder: Nobody paid us any attention until we opened a store in Columbus CircleJohn Mackey, Whole Foods co-founder and former CEO, joins 'Squawk Box' to discuss trends in the grocery sector, the company's expansion into New York City, and more.
Persons: John Mackey Organizations: Foods Locations: Columbus, New York City
Advertisement"Pay for gig drivers rarely exceeds the employee-equivalent local minimum wage," the authors wrote. While two-thirds of DoorDash drivers and just under half of Uber Eats drivers had their incomes adjusted, just 5% of Uber drivers did. The average Lyft, Uber Eats, and DoorDash driver had hourly earnings of $24, $18, and $14, respectively. Over the past year, several gig drivers have told BI that their gigs are less profitable than they used to be. For example, Uber and Lyft drivers have said the ride-hailing giants are taking a larger cut of rider fares.
Persons: , Lyft, Uber, aren't, Gridwise Organizations: Service, Seattle metros, UC Berkeley Labor Center, Center for Wage, Dynamics, Business, metros —, UC Berkeley, Big Lake Data, Bank of America, Bank of America Institute Locations: Boston, Chicago, Los Angeles, San Francisco Bay, California, San Francisco, Seattle, New York City, Minnesota, Twin Cities, Massachusetts
So it goes for Menendez, who is likely pleased to have his legal drama playing out in relative obscurity. More recently, Fetterman mocked the senator’s defense, which relies in part on pointing the finger of blame on Nadine Menendez, his wife. Republicans in Washington, as they’ve done during these first two weeks of the Menendez trial in New York, have been consistently deferential to the New Jersey Democrat. Rep. Andy Kim, a popular Democrat from South Jersey, is expected to win the nomination to succeed Menendez. Andrew Giuliani, pressed for a thought on the senator’s trial or the allegations against him, shrugged.
Persons: New York CNN — Andrew Giuliani, Donald, , Rudy Giuliani squinted, , ” He’s, Sen, Bob Menendez’s, , Michael Cohen, Daniels, Menendez, Trump, Donald Trump Jr, Attorney Alvin Bragg, Ronny Jackson, Bob Costello, Pam Bondi, Missouri Sen, Eric Schmitt, Matt Whitaker, Sebastian Gorka, Gov, Dan Patrick, Jackson, María Elvira Salazar, Troy Nehls, Dale Strong, Daniel Webster of, Vladimir Putin’s, Cory Booker, Chuck Schumer, John Fetterman, George Santos, Fetterman, Nadine Menendez, ” Fetterman, Jake Tapper, Mitch McConnell, ” North Dakota Sen, Kevin Cramer, he’s, Andy Kim, Andrew Giuliani, haven’t, ” CNN’s Sabrina Souza Organizations: New, New York CNN, New York, Manhattan Criminal, Court, Republican, Democrat, The New, The New Jersey Democrat, Foreign Relations, Trump, Democratic, Manhattan, Attorney, Texas, Dale Strong of, Pennsylvania Democrat, New York Rep, , Union, , Republicans, New Jersey Democrat, Democrats, GOP, ” North, Politico Locations: New York, Lower Manhattan, Manhattan, The, The New Jersey, Menendez’s, Florida, Sebastian Gorka , Texas, María Elvira Salazar of Florida, Texas, Dale Strong of Alabama, Daniel Webster of Florida, North Korea, Vladimir Putin’s Russia, New Jersey, Pennsylvania, Washington, Egypt, , “ State, Israel, ” North Dakota, South Jersey, New York City
I could be on a three-month film set or a nine-month series set and then go months without a call. I started working on YouTube thumbnails and event flyers for the music industry. For example, a friend helped repair my dishwasher, so I put together "gift ideas for makers and tinkers." AdvertisementI started posting in groups and asking for gift ideas to write blog posts about. It's not money I would make on a film set, but it was something.
Persons: , Ana Julia Gomes, I've, John Wick, Jessica Jones, It's, I'm, DINK Organizations: Service, Business, Constellation, Apple, DJ, WordPress, Facebook Locations: Berlin, Cuba, Miami, New York City
A former model filed a lawsuit on Tuesday accusing the hip-hop mogul Sean Combs of forcing her to perform oral sex on him at his New York City recording studio in 2003. She says Mr. Combs led her to the bathroom, shoved her head down to his crotch and, after she refused, forced her to perform oral sex on him. Representatives for Mr. Combs did not immediately respond to requests for comment on the lawsuit. Mr. Combs, 54, has been facing deepening legal troubles since his former girlfriend, Casandra Ventura, known as Cassie, filed a lawsuit against him last year in which she accused him of sexually and physically abusing her for years. The lawsuit was settled in one day, but three more suits followed from women who accused him of rape.
Persons: Sean Combs, Crystal McKinney, Combs, McKinney, Casandra Ventura, Cassie Organizations: New York City, MTV, Mr Locations: Manhattan
The man who might be the most significant defense witness for former President Donald Trump — and the last witness in his New York criminal hush money trial — resumes testimony Tuesday, a day after a judge ripped him for disrespectful conduct on the witness stand. The witness, criminal defense lawyer Robert Costello, was sharply warned Monday afternoon by Judge Juan Merchan for glaring at the judge and muttering in disdain when Merchan upheld objections from prosecutors. "I'm putting you on notice that your conduct is contemptuous now," Merchan told Costello, after clearing the courtroom of most of the public and press when he had had enough of the former federal prosecutor's antics. "If you stare me down one more time, I will remove you from the stand," Merchan warned, according to a transcript of the verbal beatdown. Cohen has said he paid Daniels to keep her quiet about a one-off sexual tryst with Trump in 2006 to keep her from damaging his chances in the 2016 presidential election.
Persons: Robert Costello, Juan Merchan, Donald Trump's, Stormy Daniels, Donald Trump —, Judge Juan Merchan, Merchan, Costello, Trump's, Michael Cohen, Cohen, Daniels, Trump Organizations: FBI Locations: Manhattan, New York City, U.S, New York
We've got you covered if you're looking for how to score tickets to Tate McRae's 2024 Think Later World Tour. Tate McRae 2024 tour scheduleWith over 20 concerts already down, Tate McRae still has more than 40 shows left in her 2024 world tour. How to buy tickets for Tate McRae's 2024 concert tourYou can buy original tickets to Tate McRae's Think Later World Tour on Ticketmaster and Live Nation. Tate McRae tickets are also available to purchase through verified resale ticket vendors such as StubHub and Vivid Seats. The opening act for Tate McRae's 2024 tour dates in Asia has not been announced yet.
Persons: Tate McRae, McRae, She'll, We've, Irving, Rogers, Tate, Presley, she'll Organizations: Business, Tate, Boston, New, Ticketmaster, North Locations: Dublin, Ireland, Europe, North America, Asia, Oceania, Wellington , New Zealand, U.S, Madrid, Spain, Lisbon, Portugal, Calgary, AB, Canada, Woodinville, WA, San Francisco, Los Angeles, CA, Phoenix, AZ, Austin, Houston, Cincinnati, Toronto, ON, Sterling Heights, MI, Maryland, Minneapolis, Chicago, Nashville, TN, Indianapolis, Boston, Uncasville, Washington, Philadelphia, Raleigh, NC, Atlanta, Holmdel, NJ, New York City, NY, Tokyo, Japan, Singapore, Bangkok, Thailand, Quezon City, Philippines, Perth, Australia, Brisbane, Sydney, Adelaide, Melbourne, Auckland , New Zealand
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