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☆ NFL 'Sunday Ticket' telecast subscribers can get a piece of $4.6 billion in damages
▼ + stars: | 2024-06-28 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

The jury ordered the NFL to pay out $4.7 billion in damages to individual subscribers of the league's "Sunday Ticket" package, which gives viewers access to out-of-market games. The jury also awarded $96 million in damages to business subscribers. Plaintiffs in the case accused the NFL of selling the "Sunday Ticket" package at an inflated price, forcing viewers to overpay for access to out-of-market games. AdvertisementThroughout the trial, the NFL argued it was allowed to sell its "Sunday Ticket" package under an existing antitrust exemption, ESPN reported. The "Sunday Ticket" package dates back to the 1990s when DirecTV was first introduced.

Persons: — Organizations: Service, NFL, Business, New, New Orleans Saints, ESPN, DirecTV, YouTube Locations: California, New Orleans, Los Angeles, San Francisco sports

The debate between Donald J. Trump and President Biden had analysts in Asia fretting. During Thursday night’s debate, President Biden told former President Donald J. Trump that the United States is the “envy of the world.”After watching their performance, many of America’s friends might beg to differ. In Europe and Asia, the back-and-forth between the blustering Mr. Trump and the faltering Mr. Biden set analysts fretting — and not just about who might win the election in November. Image Mr. Biden leaving the debate stage. Kasit Piromya, Thailand’s foreign minister from 2008 to 2011 and a former ambassador to the United States, lamented the state of American politics.

Persons: Donald J, Trump, Biden, ”, fretting —, ” Simon Canning, ” Sergey Radchenko, Vladimir Putin, Xi Jinping, “, Putin, “ I’ve, Mr, Kenny Holston, François Heisbourg, Trump’s, “ I’m, Heisbourg, Radoslaw Sikorski, Marcus Aurelius, Commodus, Sikorski, Joe Biden’s, Donald Trump, Joe Biden, Daniela Schwarzer, Bogdan Butkevych, “ Trump, Chan Heng Chee, Ms, Chan, Lee Byong, ’ ”, Koichi Nakano, Haiyun Jiang, Narendra Modi, Tara Kartha, —, Shen Dingli, don’t, Kasit, Damien Cave, Lee Wee, Choe Sang, Vivian Wang, Camille Elemia, Mujib Mashal, Ségolène Le Stradic, Marc Santora Organizations: Johns Hopkins School, International Studies, —, Mr, Russia, New York Times, Trump, Bertelsmann Foundation, Washington , D.C, Credit, Kremlin, Kyiv Independent, Biden unnerves, Institute for Far Eastern, Kyungnam University, Sophia University, The New York Times, Washington, National Security Council of, ”, Weibo Locations: Asia, Australian, United States, Europe, Australia, Washington, Russia, China, North Korea, Ukraine, Lebanon, Iran, Israel, Japan, South Korea, Gaza, Jerusalem, France, Washington ,, American, Ukrainian, North, Seoul, “, United, Tokyo, The New York Times India, National Security Council of India, New Delhi, Beijing, India, Communist, Shanghai, U.S, Southeast Asia

☆ On MSNBC, the mood turns somber following Biden’s debate performance
▼ + stars: | 2024-06-28 | by ( Hadas Gold | ) edition.cnn.com time to read: +5 min

“It’s kind of a DEFCON 1 moment,” David Plouffe, former President Barack Obama’s campaign manager, told MSNBC star Rachel Maddow following the debate. The people who were texting with me were very concerned about President Biden seeming extremely feeble, seeming extremely weak,” Reid said. And while MSNBC’s hosts pointed to the flood of lies from Trump during Thursday night’s debate, the conversation continually returned to Biden’s performance. “President Biden is a good man who capped a long career in public service with a successful presidential term. “Predictably, Biden’s poor performance led to some chatter about his stepping down and letting someone else be the nominee.

Persons: CNN —, Alex Wagner, ” Wagner, Donald Trump, Joe Biden, Joe Biden’s, Trump, ” David Plouffe, Barack Obama’s, Rachel Maddow, Joy Reid, Biden, “, ” Reid, ”, Nicolle Wallace, ” Wallace, Chris Hayes, Nicholas Kristof, “ Joe Biden, —, ” David Corn, Mother Jones, ” Mehdi Hasan, ” Hasan, Symone Sanders Organizations: CNN, MSNBC, Democratic, Fox News, Republican, Trump, ” New York Times, Biden Locations: Atlanta, America

☆ You can't kill Coach
▼ + stars: | 2024-06-28 | by ( Amanda Krause | ) www.businessinsider.com time to read: +10 min

Mandy Moore carries a Coach bag in 2006. And with fewer people buying Coach bags, consumer ideas of the brand shifted. Keel, who purchased her first Coach accessory — a discounted cardholder from Coach Outlet — around that time, remembers the change in the brand's perception vividly. AdvertisementKate Bauer, a 29-year-old from Toronto, collects vintage Coach bags that she exclusively buys secondhand. She told BI that the importance of old Coach styles to the brand's current business has never been clearer.

Persons: —, Paris Hilton, I'd, Gilbert Carrasquillo, Lil Nas X, Gen Z, Erin Keel, Lillian Cahn, Miles Cahn, Lillian, Bonnie Cashin, Lew Frankfort, Mandy Moore, Michael Loccisano, Michael Kors, Kate Spade, Victor Luis, Keel, Chanel, wasn't, — Luis, Jide J, Zeitlin, — Todd Kahn, Coach, Camila Mendes, Beth Goldstein, Gen, Kate Bauer, Edward Berthelot, Goldstein Organizations: Business, Leatherware, —, North, BI Locations: New York City, Los Angeles, Frankfort, Toronto

☆ 'Biden stumbles, Trump lies': How the global media reacted to the presidential debate
▼ + stars: | 2024-06-28 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

Members of the media work during the first presidential debate with US President Joe Biden and former US President Donald Trump in Atlanta, Georgia, US, on Thursday, June 27, 2024. U.K.: 'Biden struggles ... Trump lies'In the U.K., the Guardian pointed to issues with both Biden and Trump at the debate, headlining its story: "Biden struggles to land lines as Trump lies in first presidential debate." Meanwhile, the BBC suggested Biden struggled with Trump's attacks, titling its live blog of the debate: "Biden stumbles in first presidential debate as Trump avoids key questions." Biden struggled repeatedly and Trump repeated falsehoods, it said, adding that the debate was "marked by personal attacks." In another story, the newspaper summarized the debate: "Biden disgraces himself, Trump wastes his chance, but the true losers of the first TV debate in the U.S. election campaigns are the Americans."

Persons: Joe Biden, Donald Trump, Eva Marie Uzcategui, China's CGTN, Biden, hesitantly, Trump, Joe Biden's, stammered, Trump's, Biden's, Biden disgraces Organizations: Bloomberg, Getty, China Global Television Network, China Morning Post, Global Times, Biden, BBC, ZDF, CNBC, Trump Locations: Atlanta , Georgia, China, India, Trump, London, Germany, U.S, France

☆ Putin says Russia plans to 'comprehensively upgrade' its navy
▼ + stars: | 2024-06-28 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Russia's navy is set to receive more than 40 vessels this year, Vladimir Putin said on Thursday. Putin says Russia's naval upgrades will "drastically improve its combat potential." AdvertisementRussia has been working hard to bolster its naval capabilities, the country's leader Vladimir Putin said on Thursday. "A lot has been done in this area, as our navy is getting new ships," Putin said during a meeting on shipbuilding issues, according to Russian state media outlet TASS. Russia's navy is set to receive more than 40 ships and boats this year, said Putin.

Persons: Vladimir Putin, Putin, — Organizations: Service, Business Locations: Ukraine, Russia

☆ Warren Buffett says he'll put his $130 billion fortune into a charitable trust run by his children after he dies
▼ + stars: | 2024-06-28 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Warren Buffett's vast fortune will go into a charitable trust when he dies, the billionaire told The Wall Street Journal. Susie Buffett chairs the education and social justice-oriented Sherwood Foundation, and the Susan Thompson Buffett Foundation, focused on reproductive rights. Howie Buffett heads the Howard G. Buffett Foundation, which is involved in food security and the mitigation of conflict and human trafficking. Since 2006, the 93-year-old billionaire has already been contributing to the four foundations run by his children, as well as to the Bill & Melinda Gates Foundation Trust. Until 2021, he served as a trustee of the Gates Foundation.

Persons: Warren, —, Warren Buffett, Berkshire Hathaway, Susie, Howie, Peter Buffett, Susie Buffett, Susan Thompson Buffett, Howie Buffett, Howard G, I'm, Buffett, Melinda Gates Organizations: Wall Street, Gates, Service, Sherwood Foundation, Susan Thompson Buffett Foundation, Buffett Foundation, NoVo Foundation, Melinda Gates Foundation Trust, Gates Foundation, Berkshire Locations: Berkshire

☆ 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

☆ Voice of Baceprot prepare for Glastonbury debut, metal-mad Indonesia cheers
▼ + stars: | 2024-06-27 | by ( Heather Chen | ) edition.cnn.com time to read: +12 min

“Indonesia is home to the most metal fans in Asia so heavy metal bands love coming to play here,” said Hammersonic CEO Ravel Junardy. Lamb Of God vocalist Randy Blythe performs during Hammersonic in Jakarta, Indonesia on March 9, 2015. Indonesian heavy metal band Death Vomit from Yogjakarta are known for their ferocious and brutal sound. Rajawali IndonesiaGerman metal band Kreator holds up a banner during their performance at the Jogjarockarta festival on January 27, 2024. She first saw them live at a music festival in Singapore back in 2021 and says she is looking forward to their Glastonbury debut.

Persons: Sza, Firda “, ” Kurnia, ”, Marsya, Euis Siti Aisyah, Widi Rahmawati, metalhead –, “, Miikka Skaffari, Firda Kurnia, Tom Morello –, replaying, Malala Yousafzai, VOB, Anthrax, Joko Widodo, Olivia Rondonuwu, Indonesia’s, Sukarno, “ Sukarno, Jeremy Wallach, Suharto, ” Wallach, Metallica, –, Widodo, Metallica’s Robert Trujillo, Jokowi, Metallica's Robert Trujillo, Slipknot, Lamb, God, Ravel Junardy, Randy Blythe, Eddy Purwanto, Dave Mustaine, Corna Irawan, Anas Syahrul Alimi, Anas, “ Dave Mustaine, ” Anas, Kreator, Dougie, Mark LeVine, ” LeVine, LeVine, Faezah Eli Organizations: CNN, Dua Lipa, Coldplay, Jakarta Institute of Arts, Malala, “, ” “, Getty, Western, AFP, Megadeth, Rajawali, Machine, Glastonbury Locations: Indonesia, Britain, Dua, Glastonbury, Indonesian, Damar, Oakland , California, Jakarta, Bay, AFP, ” “ Jakarta, “, West, Southeast Asia, “ Indonesia, Asia, Sweden, Finland, Java, Yogyakarta, Rajawali Indonesia German, Rajawali Indonesia, Surabaya, East, North Africa, Egypt, Singapore, Malaysia, United Kingdom

☆ 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

☆ Billionaire Joe Ricketts' latest drama is right out of 'Yellowstone'
▼ + stars: | 2024-06-27 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

While the regional wildlife coordinator for Wyoming Game and Fish supported the proposal, Ricketts' neighbors were another story, the Nebraska Examiner said. That's what I kind of equate it to," one local told The Daily Beast about Ricketts at the time. "That's just not something that's ever going to be well received, whether it was Mr. Ricketts or the next billionaire with a big dream and a big plan." And in the end, Ricketts is getting his big dream and big plan — just not when he wants it. According to estimates at the town meeting, the hotel will now take six years to build rather than three.

Persons: —, Joshua Coursey, Joe Ricketts —, Donald Trump, Ricketts, Forbes, Jackson, " Ricketts, Little Jackson, He's, Fish, Foundation's Coursey, Matthew Prince, Prince, Bill Gross, Dale Chihuly, Gross, Vinod Khosla, Coursey, That's Organizations: Service, Business, Foundation, Chicago Cubs, Wyoming, Nebraska Examiner, City, Daily Locations: Bondurant, Wyoming, Paramount's, Sublette County , Wyoming, Teton County, Los Angeles and New York, Northwest Wyoming, Sublette, Laguna Beach , California

☆ Cramer's Stop Trading: Ollie's Bargain Outlet
▼ + stars: | 2024-06-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCramer's Stop Trading: Ollie's Bargain OutletCNBC's Jim Cramer explains why he is keeping an eyes on shares of Ollie's Bargain Outlet.

Persons: Jim Cramer

☆ Some countries are cutting down their workweeks. Greece is doing the exact opposite.
▼ + stars: | 2024-06-26 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Read previewAs countries and companies worldwide trial a shorter workweek, one economy is moving to a six-day workweek. The employer has the authority to require staff to work a sixth day in the week and staff cannot refuse to work, he said. In 2023, 179 workers were killed in accidents at work in Greece, up from 104 the year before, DW reported. Per the OECD, they work an average of 36 hours a week, while workers in France, Netherlands, and Germany work less than 30 hours. AdvertisementGreece's reform is a stark contrast to initiatives other countries are taking to reduce the number of working days.

Persons: —, Aris, Kazakos Organizations: Service, Business, Workers, Aris Kazakos, Aristotle University of Thessaloniki, DW, OECD Locations: Greece, France, Netherlands, Germany

☆ ‘This isn’t a trial’: Wall Street Journal rips Russia’s secretive Evan Gershkovich prosecution
▼ + stars: | 2024-06-26 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

CNN —Early Wednesday morning, at 2am ET, imprisoned Wall Street Journal reporter Evan Gershkovich’s trial commenced before a Russian court on bogus espionage charges. “WSJ Reporter Evan Gershkovich, Falsely Accused of Espionage, Is Indicted in Russia,” the headline read. “This coverage should not read or sound as if this is a legitimate process,” Cherney said, imploring other newsrooms not to legitimize the proceedings or get trapped in bothsidesism while covering the story. It could take weeks or even months for a verdict to be handed down by the Russian court. But Cherney and her colleagues at The Journal are hoping that the U.S. government will succeed in freeing Gershkovich.

Persons: Evan Gershkovich’s, Vladimir Putin, “, Evan, Emma Tucker, Elena Cherney, —, ” Cherney, Gershkovich, Evan Gershkovich, Cherney, ” Organizations: CNN, The, U.S . Locations: Yekaterinburg, Russia, bothsidesism, United States, Gershkovich

☆ These are the 5 US cities you should buy a home in before you get priced out of the housing market, says 'Million Dollar Listing' real estate investor
▼ + stars: | 2024-06-26 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

Most of its residents are millennials, with its residents' median age being 33.6 years. As with Atlanta, most of its residents are millennials, with its residents' median age being 33.1 years. The median age of San Diego residents is 35.8 years. But it's also true that housing in San Diego trends toward the pricier end. San Diego, along with four other Californian cities, was marked as "impossibly unaffordable," according to the 2024 Demographia International Housing Affordability report.

Persons: —, Josh Altman, Altman, Sean Pavone, Eric Johnson, Pengyu Cheng, Michael Warren, Wager, it's, Altman didn't Organizations: Service, Business, Getty, Dallas, Texas, Popular, Disney, San Locations: Atlanta, Dallas, Orlando, Phoenix, San Diego, Texas, California, San Francisco, Eola, Miami, Arizona's, San Diego , California, Los Angeles, US

☆ Why the world is barreling towards a 'food war,' according to one commodity trader
▼ + stars: | 2024-06-26 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Food wars will rise amid trade barriers and climate risk, Olam Agri's CEO warned. Advertisement"Food wars" are looming over global stability, as trade barriers and the climate crisis strain supply, the head of trading firm Olam Agri warned. We will fight bigger wars over food and water," he said during last week's Redburn Atlantic and Rothschild consumer conference. Though agricultural commodity traders took the blame for rising food costs after Russia's 2022 invasion of Ukraine, the CEO pushed back. Instead, the outbreak of non-tariff trade barriers was likely the chief culprit, with 1,266 curbs proliferating that year.

Persons: —, Sunny Verghese Organizations: Service, The Financial Times, Rothschild Locations: Ukraine

☆ Two Adidas employees out in China corruption probe
▼ + stars: | 2024-06-26 | by ( Juliana Liu | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Two employees have left Adidas as a result of an ongoing investigation by the German sportswear brand into allegations of corruption in China. Chinese state media outlet Economic View reported Wednesday that both former employees had worked in marketing for Adidas China. The allegations against Adidas executives were contained in an unsigned letter from people calling themselves employees of Adidas China. Greater China — a region that encompasses mainland China, Hong Kong and Taiwan — accounts for 15% of the company’s sales. In mainland China, Adidas is the second-largest international sportswear brand behind Nike (NKE).

Persons: ” Claudia Lange, “, ”, Jiemian, Lange, Yang Mi, Yi, Fred Organizations: Hong Kong CNN —, Adidas, “, Adidas China, CNN, Nike Locations: China, Hong Kong, Taiwan, Beijing

☆ Biden may let US defense contractors deploy to Ukraine, but not like in Iraq and Afghanistan: report
▼ + stars: | 2024-06-26 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

Read previewPresident Joe Biden's administration is moving toward a plan that would allow US military contractors to deploy to Ukraine for the first time in a limited capacity, CNN reported. Advertisement"The President is absolutely firm that he will not be sending US troops to Ukraine," they added. AdvertisementThey also said that the move would likely see numbers from just a few dozen, up to around 200, contractors in Ukraine at any one time. In February, European leaders balked at French President Emmanuel Macron's statement that the deployment of Western troops to Ukraine should not be ruled out. Allowing US private contractors to go to Ukraine would not be the first time that the Biden White House has crossed its self-imposed red lines regarding support for Ukraine.

Persons: —, Joe Biden's, Biden, Emmanuel Macron's, Macron Organizations: Service, CNN, Pentagon, Business, NATO, Biden White Locations: Ukraine, Iraq, Afghanistan

☆ Filipino soldiers who faced off against Chinese coast guards armed with axes and knives given medals
▼ + stars: | 2024-06-25 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +1 min

Filipino soldiers involved in a clash last week with Chinese coast guard have been awarded medals. Their vessels came under attack last week while delivering supplies in the disputed South China Sea. The award ceremony is unlikely to ease tensions with China in the contested region. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFilipino soldiers who reportedly used their bare hands to fight off Chinese coast guards armed with swords and knives were awarded medals by the Philippines for de-escalating tensions, according to the Manila Bulletin.

Persons: —, Ferdinand Marcos Jr Organizations: Service, Manila Bulletin, Philippines, Business Locations: China, Philippines, of Lapu, Lapu

☆ Biden shouldn't focus on his White House successes at the debate because nobody cares, advisors say
▼ + stars: | 2024-06-25 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

Biden needs to spend his debate time attacking Trump's economic policies, sources told CNN. The top Democrat sources told CNN that voters just don't care about what Biden has accomplished. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementJoe Biden's advisors say he should spend more time at the debate attacking Donald Trump than focusing on his own White House successes, according to a report from CNN. They've been advising Biden to focus on criticizing Trump's economic policies and close relationship with corporate America, four sources close to the president told the outlet.

Persons: Biden, Trump, —, Joe, Donald Trump, they've, They've Organizations: CNN, Democrat, Service, America, Business

☆ Saudi Arabia may be forced to reassess megaprojects like Neom
▼ + stars: | 2024-06-25 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

The Kingdom's Vision 2030 plans feature several massive construction projects, including the futuristic megacity Neom and an entertainment project on the outskirts of Riyadh. Amine Mati, an assistant director at the IMF and its mission chief for Saudi Arabia, told The FT that Saudi authorities were "recalibrating" to assess whether some spending should be delayed. In public, Saudi has largely been keen to insist that the megaprojects, especially Neom, are on track. Experts previously told BI that Saudi Arabia was struggling to attract the foreign investment needed for the development. Representatives for Neom did not immediately respond to a request for comment from Business Insider, made outside normal working hours.

Persons: —, Mohammed Al, Jadaan, Prince Mohammed bin Salman, Neom Organizations: Service, Business, BBC, Saudi, IMF, FT, Public Investment Fund, CNBC Locations: Saudi Arabia, Riyadh

☆ Meet Russia's richest woman, a self-made billionaire who founded her e-commerce company on maternity leave
▼ + stars: | 2024-06-25 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +1 min

She founded the e-commerce retailer Wildberries in 2004 while on maternity leave from her job as an English teacher. A Wildberries delivery point in St. Petersburg. Bakalchuk told Bloomberg in 2018 that she used to make deliveries herself in the company's early days. Bakalchuk owns 99% of the company, and her husband owns 1%. In 2020, The Bell reported Vladislav Bakalchuk earned $5 million from selling stock in an internet provider, raising questions about Bakalchuk's status as a self-made billionaire.

Persons: Artem Priakhin, Wildberries, Otto, Bakalchuk, Sergei Anufriev, Bell, Vladislav Bakalchuk Organizations: Wildberries, Getty, Bloomberg Locations: St . Petersburg, German, Moscow, Wildberries

☆ Li Qiang warns against ‘vicious cycle’ of China decoupling from the West
▼ + stars: | 2024-06-25 | by ( Juliana Liu | ) edition.cnn.com time to read: +3 min

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Hong Kong CNN —Chinese Premier Li Qiang has warned against a “vicious cycle” of economic decoupling from the West, as Beijing struggles to contain rising global pushback over soaring electric vehicle (EV) exports. This will “drag countries … into a vicious cycle of scrambling for a cake that becomes smaller and smaller,” Li added. Last month, the Biden administration quadrupled tariffs on EV imports from China, from 25% to 100%, aiming to protect American jobs and manufacturing. Chinese EV sales to the United States are tiny.

Persons: Li Qiang, Li, ”, China’s, Xi Jinping, Biden Organizations: Hong Kong CNN, EV, European Union, Reuters, EU, Global Locations: China, Hong Kong, Beijing, Dalian, Canada, Beijing’s “, United States, European

☆ Texas natural-gas prices turn negative despite soaring heatwave temperatures
▼ + stars: | 2024-06-25 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Natural-gas prices in Texas have dropped into negative territory. AdvertisementNatural-gas prices in Texas have slipped into negative territory even amid a heat advisory for parts of the state, Reuters reported. AdvertisementTaking this infrastructure offline can lead to trapped natural gas, momentarily boosting supply. According to traders that spoke with Reuters, other reasons may have contributed to the negative price slide as well. This is the 18th time this year that Texas natural gas price have entered negative territory, the outlet said.

Persons: —, it's, Kinder Morgan, Fortune Organizations: Service, Reuters, Natural Gas Pipeline, West South Central, Energy Information Administration Locations: Texas, America

To help you browse the best ones going on now, I've rounded up the best 4th of July sales below. Appliances including air conditioners and outdoor fire pits are down to excellent prices for the 4th of July. In time for the warming weather, I'm seeing some great price drops on air conditioner picks from our guides to the best portable air conditioners and the best air conditioner units. EcoFlow Wave 2 Portable Air Conditioner $1,199.00 $2,237.00 Save 46% The EcoFlow Wave 2 is the best battery-powered portable air conditioner we've tested. RumplThe best 4th of July outdoor and camping dealsSeveral stores are welcoming the warm weather and end of the school year by dropping prices on outdoor essentials, from accessories to full-size tents.

Persons: it's, We'll, BioLite, TCL, Rumpl, Kit Organizations: Business, Ikea's, Steam, LG, GE, Amazon Prime, Energy, Independence, Amazon, REI Locations: REI Outlet

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