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But Brown told Business Insider that more recent disappointing experiences with short-term rentals have led to a change of heart. This story is available exclusively to Business Insider subscribers. It's a far cry from the record-setting demand Airbnb saw immediately following COVID-19 lockdowns, when travelers craved private homes and acres of outdoor space. Hotels are winning over travelers in some areasDemand for Airbnbs is stalling or slipping in some categories where hotels are competitive, according to AirDNA. "I'm going to go check hotels and see if this is actually the best value," he told Business Insider.
Persons: , Duane Brown, Brown, there's, Airbnb, AirDNA, Brian Chesky, Chesky, Jamie Lane, Lane, Adam Burgh, Burgh, might've Organizations: Service, Business, Daytona, Seattle, Marriott Locations: London, Toronto, Budapest, Florida, Sarasota, Rio de Janeiro, South America, Airbnbs, Whidbey, Seattle
But political violence hasn’t stopped since then. The nation is also still processing the attack on the US Capitol by Trump supporters on January 6, 2021. In one of the most poignant reactions, Giffords said in a statement, “Political violence is terrifying. I know.” She added: “I’m holding former President Trump, and all those affected by today’s indefensible act of violence in my heart. Political violence is un-American and is never acceptable – never.”Unfortunately, history suggests that violence, while indefensible, is also a quintessential scar on American politics.
Persons: Donald Trump, America’s, MAGA, flinched, Evan Vucci, Trump, , Joe Biden, John F, Kennedy, Robert F, Martin Luther King Jr, hasn’t, Gabrielle Giffords, Steve Scalise, Joseph Meyn, CNN’s, , ” “, Reagan, Biden, he’s, ” Biden, he’d, Donald ”, , Biden –, Giffords Organizations: CNN, Republican, GOP, Associated Press, Secret Service, Secret, Democratic, Democratic National Convention, Arizona Democrat, Trump, ” “ JFK, RFK, MLK, New, White House, Republican National Convention Locations: Butler , Pennsylvania, American, Butler, Pa, Chicago, Arizona, New York, Rehoboth Beach , Delaware, America, Washington, United States, Atlanta, Milwaukee
And I think I’m the best qualified to win,” Biden told reporters at the NATO summit. CNN reported Thursday evening that Pelosi and former President Barack Obama have spoken privately about Biden and the future of his campaign. Another deeply painful ordealNo president has undergone a trial by news conference like the one Biden endured. And shortly afterwards, when a reporter asked Biden to weigh in on the qualities of his vice president, he referred to “Vice President Trump” instead of Kamala Harris. Tennessee Rep. Steve Cohen told CNN’s Anderson Cooper that Democrats need to stop their “fantasy games” and unite to beat Trump.
Persons: Joe Biden’s, Biden, Donald Trump, , ” Biden, , Jim Himes —, Nancy Pelosi, Biden’s, Pelosi, Barack Obama, poignantly, Trump —, George H.W, Bush —, Trump, Volodymyr Zelensky, Vladimir Putin, Nikki Haley, Trump ”, Kamala Harris, pollsters, CNN’s Edward, Issac Dovere, Jeff Zeleny, Obama, , MAGA, CNN’s MJ Lee, Himes, CNN’s Kaitlan Collins, you’re, Steve Cohen, CNN’s Anderson Cooper, I’m Organizations: CNN, NATO, Trump, Democratic, South Carolina Gov, White, House Intelligence, Connecticut Democrat, Tennessee Locations: West, Russian, Atlanta, Washington, Connecticut, United States of America
The cavalry of Republican vice-presidential contenders and other party officials inside the courthouse for Donald J. Trump’s criminal trial was so large one day this week that the group initially had trouble arranging themselves in the two rows set aside for guests of the defense team. Wedged into their seats, they were immediately confronted with testimony accusing their party’s leader — who was trying to inoculate his 2016 presidential campaign from political damage — of writing checks for bogus legal expenses to hide hush-money payments to a porn star. None of the conservatives in the courtroom flinched or raised an eyebrow, including Gov. Doug Burgum of North Dakota and Representative Byron Donalds of Florida, both of whom are said to be under consideration for Mr. Trump’s running mate. Instead, their stoic, protective presence underscored the biggest political quandary facing ambitious Republicans who want Mr. Trump to pick them for vice president: how to fiercely defend him without stealing any of his precious spotlight.
Persons: Donald J, , Doug Burgum, Byron Donalds of, Trump’s, Trump Organizations: Republican, Gov Locations: North Dakota, Byron Donalds of Florida
Jeff Yang CNNLike its predecessors, GPT-4o is trained on enormous quantities of data to process queries, recognize patterns and deliver helpful responses. Watching the reveal, I found myself involuntarily gasping as researchers Mark Chen and Barret Zoph showed off GPT-4o’s new chops. The freakout aspect of the reveal came from how it demonstrated that GPT-4o isn’t just a tool — it’s a tool with personality. On the one hand, having the option to interrupt your AI chatbot when it’s going astray saves time. On the other, watching dudes repeatedly talking over a female-reading chatbot made it abundantly clear why you can’t spell “mansplain” without AI.
Persons: Jeff Yang, Bruce ”, , Jeff Yang CNN, Mark Chen, Barret Zoph, Chen, Mira Murati, Parmy Olson, , Desi Lydic, , Sam Altman, it’s, Siri, ” chuckling, Altman, Spike Jonze’s, Joaquin Phoenix, Scarlett Johansson, Marc Benioff, Johansson, chatbot, mansplain Organizations: CNN, omni, Zoph . Media, Bloomberg, , Twitter, Boston Dynamics Locations: Asian America, America, omnimodal
Dystopia has rarely looked as grim and felt as exhilarating as it has in George Miller’s “Mad Max” cycle. The thing is, it has started to feel less cool just because in the years since the original “Mad Max” opened in 1979, the distance between Miller’s scorched earth and ours has narrowed. Set “a few years from now,” the first film tracks Max Rockatansky (Mel Gibson), a highway patrol cop who has a semblance of a normal life with a wife and kid. Miller’s latest and fifth movie in the cycle, “Furiosa: A Mad Max Saga,” is primarily an origin story that recounts the life and brutal, dehumanizing times of the young Furiosa (Anya Taylor-Joy), the hard-bitten rig driver played by Charlize Theron in the last film, “Mad Max: Fury Road” (2015). As befits a creation story, “Furiosa” tracks Furiosa from childhood to young adulthood, a downward spiral that takes her from freedom to captivity and, in time, circumscribed sovereignty.
Persons: Dystopia, George Miller’s “, Max ”, Miller, shivers, Max Rockatansky, Mel Gibson, Max, gunning, Anya Taylor, Joy, Charlize Theron, , Fury, ” Max, Tom Hardy, Gibson, Alyla Browne, They’re, Furiosa, Charlee Fraser Organizations: Hall of Justice Locations: Auschwitz
The 5-year-old looked nervously at her older brothers, scanning their faces for any sign of distress as needles were swiftly stuck into their upper arms, the syringe plungers pushed in and the measles, mumps and rubella vaccine administered. Whether it was for her benefit or not, they barely flinched. Then it was her turn. “It’s what we have to do, and it’s important to do,” Mr. Nnagbo said. And it was easy, you could just walk in.”
Persons: Michael Nnagbo, Mr, Nnagbo, , Organizations: Oma Nnagbo Locations: Wolverhampton, England’s West Midlands, Birmingham
CNN —For 108 days, Palestinian photographer Motaz Azaiza risked his life in Gaza to tell the story of the war to millions of followers on Instagram, as friends and family members were killed around him. “I want to capture the beauty of Gaza, not the war on Gaza. “I don’t call myself a journalist, I call myself a photographer,” Azaiza told CNN. After getting rejected twice by the Israeli government to leave, Azaiza told CNN that he managed to flee to Qatar with his family after much difficulty. He told CNN what struck with him the most was the “thousands of babies’ bodies” he saw.
Persons: Motaz Azaiza, , CNN’s Becky Anderson, , Azaiza, ” Azaiza, , who’ve, he’s, CNN can’t, Mohammed Abed, “ ’, ’ ”, , ” He’s Organizations: CNN, Ministry of Health, UNICEF, Getty, Qatari, Doha, Israel Defense Forces, Egypt’s El Arish Airport Locations: Gaza, Israel, AFP, Rafah, Egypt, Qatar, Egypt’s El Arish, Palestinian
A spokesman for Mr. Rosendale declined to comment. In those seven campaigns over 12 years, Mr. Rosendale has won five contests and lost two. Mr. Rosendale finished three points behind Mr. Tester in that race after narrowly winning the primary with 34 percent of the vote. Mr. Rosendale has been a frequent guest on Mr. Bannon’s “War Room” podcast, which is popular with conservatives. A third super PAC supporting Mr. Sheehy, known as More Jobs, Less Government, has been underwritten by a few wealthy Wall Street executives.
Persons: Matt Rosendale, torching, Jon Tester, Tester, Donald J, Trump, Tim Sheehy, Tester’s, Steve Daines, Sheehy, Daines, John Barrasso of, Marjorie Taylor Greene, Trump’s, hasn’t, Rachel Leathe, Rosendale, Alex Bruesewitz, Chad F, Donald Trump Jr, Bruesewitz, , Ted Cruz, “ I’ve, he’s, , Biden, Caroline Wren, Matt Gaetz, Gaetz, Kevin McCarthy, McCarthy, Greene, Stephen K, Bannon, Bannon’s, Mr, Mitch McConnell, Karl Rove —, Kenneth Griffin, Paul Singer, Stephen A, Schwarzman, Tony Fabrizio, Andy Surabian, Maggie Haberman Organizations: Senate, Montana Republicans, Republican, National Republican Senatorial Committee, Republicans, Trump, Bozeman Daily Chronicle, Associated Press, Montana Republican, U.S . House, Montana Senate, Mr, Trump White House, Navy SEAL, Republicans —, Fund, Wall Street, PAC, Democratic Locations: Montana, Rosendale, Helena, Washington, John Barrasso of Wyoming, Georgia, Iowa, Bozeman, MAGA, U.S, Ted Cruz of Texas, Arizona and Ohio
Amateur champion, is the first amateur winner since Phil Mickelson at the Tucson Open in 1991. Playing in just his fourth tour event, he became only the seventh amateur winner since 1945 — and the third since 1957. He's also the youngest winner in the event's history, and he became the youngest amateur to win on the tour since 1910. If he turns pro and joins the PGA Tour, he still gets in the Masters and U.S. Open, along with the remaining seven $20 million signature events on tour. “I think I hit somebody” with the second shot, Dunlap said.
Persons: — Nick Dunlap, Christiaan Bezuidenhout, . Dunlap, Phil Mickelson, Bob Hope, Dunlap, ” Dunlap, , He's, Jay Seawell, Tiger Woods, doesn't, doesn’t, , ” Bezuidenhout, congrats, hadn't, Sam Burns birdied, It’s, Burns, “ I’m, ” Justin Thomas, Xander Schauffele, Kevin Yu Organizations: PGA, American Express, of Alabama, U.S, Amateur, Tucson, PGA West, U.S . Amateur, U.S . Junior, South, FedEx, Alabama, Masters, PGA Tour Locations: QUINTA, Calif, ., Dunlap, British, Coachella
"I think it really brings home that shift being a regime shift rather than a cyclical one," Katimbo-Mugwanya said. S&P said the assumption that governments would prioritise servicing debt over spending promises had rarely been tested at such high debt levels. For now, despite the steepest increases in borrowing costs in decades, investors still see little risk in holding governments' longer-term debt. POLICY WATCHGreater focus on longer-term risks should bring scrutiny of government policies. Still, with higher debt an economic reality, few governments are left with the coveted AAA rating.
Persons: Brendan McDermid, Fitch, David Katimbo, Mugwanya, Bill Ackman, Moritz Kraemer, Fichan, Kraemer, Kshitij Sinha, Martin Lenz, LBBW's Kraemer, Yoruk Bahceli, Davide Barbuscia, Tomasz Janowski Organizations: New York Stock Exchange, REUTERS, AAA, Financial, Fitch, EdenTree Investment Management, P Global, LBBW, European Union, European Commission, European Central Bank, Syz, New York Fed, Life Asset, Union Investment, Thomson Locations: New York City, U.S, United States, Japan
[1/42] Aug 1, 2023; Kansas City, Missouri, USA; A fan in the stands watches the New York Mets take batting practice against the Kansas City Royals prior to a game at Kauffman Stadium. Francisco Alvarez hit a leadoff two-run homer in the 10th off Carlos Hernandez (1-6) before the Royals stormed back against a trio of Mets relievers. Bobby Witt Jr.'s leadoff double off Brooks Raley (0-2) scored automatic runner Maikel Garcia before Witt scored on Melendez's single. Melendez worked a leadoff walk in the bottom of the inning and eventually scored on a sacrifice fly by Freddy Fermin. Royals starter Zack Greinke allowed one run on four hits and no walks while striking out three over five innings.
Persons: Denny, MJ Melendez, Francisco Alvarez, Carlos Hernandez, Bobby Witt Jr, Brooks Raley, Maikel Garcia, Witt, Dairon Blanco, Brett Baty, Grant Hartwig, Drew Waters, Hernandez, Josh Walker, Melendez, Cy Young, Justin Verlander, Max Scherzer, Scott Barlow, Pete Alonso, Garcia, Blanco, Alvarez, Mark Vientos, Freddy Fermin, Zack Greinke, Jose Quintana Organizations: New York Mets, Kansas City Royals, Kauffman, Royals, Mets, New York, Houston Astros, Texas Rangers, The Royals, San Diego Padres, Thomson Locations: Kansas City , Missouri, USA, New
It's vital for investors to manage risk right now no matter where interest rates go, according to CME Group CEO Terry Duffy. "Everybody that I've talked to over the last year has been dead wrong when it comes to what the Fed was going to do," Duffy told CNBC's "Fast Money" on Wednesday. "Everybody said the Fed would raise 25 basis points, 50 basis points, 100 basis points and stop," he said. A basis point is one-hundredth of a percentage point. "People need to manage that risk because margins are thin," he said.
Persons: Terry Duffy, I've, Duffy, CNBC's Organizations: Dow Jones, Nasdaq
But I can’t help imagine him quietly fist-pumping the moment he got wind of the latest inflation data. For context, a year ago the CPI peaked at 9.1% — the worst inflation in more than 40 years. After a punishing stretch of rising prices, “the fever is breaking,” wrote Bill Adams, chief economist for Comerica Bank. In other words, the Fed may actually pull off the “soft landing” — lowering inflation without tanking the economy — that few believed was doable even six months ago. “The odds of achieving a soft landing just went up drastically,” Dan Alpert, managing director of Westwood Capital, told me.
Persons: CNN Business ’, Jerome Powell, he’d, Jay won’t, , Bill Adams, Jay Powell, “ We’ve, Lael Brainard, Joe Biden’s, , Brainard, hadn’t, ” Dan Alpert, “ I’m, Jamie Dimon, you’ll Organizations: CNN Business, New York CNN, Consumer, Comerica Bank, Fed, Westwood Capital, JPMorgan Chase Locations: New York
Income-seeking investors are primed to pick up a risk-free return exceeding 5% now that the yield on the 2-year Treasury has spiked to highs last seen in 2007. Indeed, the yield on the 2-year Treasury – which is especially sensitive to Fed policy – leapt to 5.12%, its highest level since June 15, 2007. The rate on the 10-year Treasury also jumped over 4% at its highest point of the day. How to buy in To purchase Treasurys directly from the U.S. government, you can set up an account on TreasuryDirect.gov . If inflation outpaces the yield you're earning, it could erode the real rate of return earned on these notes.
Persons: Dow Jones, , Luis Alvarado, — CNBC's Michelle Fox, Nick Wells Organizations: Treasury, Traders, Private, Federal Reserve, U.S ., . Locations: Wells Fargo, Treasurys
A Boy’s Life on the Front Lines
  + stars: | 2023-06-26 | by ( Lynsey Addario | ) www.nytimes.com   time to read: +6 min
A Boy’s Life on theFront Lines In a Ukrainian town, an 11-year-old navigates a childhood transformed by war. He lived with his mother, Lena, and his 23-year-old half sister, Angelina, in a borrowed one-story home about four miles from Russian positions to the east. “I remember how I used to have fun here with my friends,” Yegor said. Now only his father, Sasha, remained there, trapped behind Russian lines caring for the home and animals on the road out of Mariupol. But the war had forced Yegor into a sedentary life, almost always behind closed doors.
Persons: Lena, Angelina, Lena didn’t, Yegor, ” Yegor, , , , , ‘ Sonny, Sasha, squander, they’ll Organizations: Yegor Locations: Ukrainian, Donbas, Ukraine, stretchers, Kramatorsk, Chernivtsi
[1/3] Jun 13, 2023; Las Vegas, Nevada, USA; The Vegas Golden Knights celebrate the win over the Florida Panthers in game five of the 2023 Stanley Cup Final at T-Mobile Arena. "We got a Stanley Cup in Las Vegas ... it's unbelievable." The Vegas victory made good on Golden Knights owner Bill Foley's bold prediction that the expansion team would win a Stanley Cup within their first six seasons. "What has happened here has been simply incredible," NHL Commissioner Gary Bettman said before presenting the Stanley Cup to Stone. Teams holding a 3-1 lead in a best-of-seven Stanley Cup Final have won 36 of 37 times.
Persons: Lucas Peltier, Mark Stone, Nicolas Hague, Alec Martinez, Reilly Smith, Michael Amadio, Ivan Barbashev, Nicolas Roy, Adin Hill, Jonathan Marchessault, Conn Smythe, Bill Foley's, Gary Bettman, Vegas, Stone, Aaron Ekblad, Martinez, Smith, Amadio's, Barbashev, Florida's Sam Reinhart, Sam Bennett, Roy, Frank Pingue, Steve Keating, Peter Rutherford Organizations: The Vegas Golden Knights, Florida Panthers, Mobile, USA, Vegas Golden Knights, National Hockey, Golden Knights, Stanley, Eastern Conference, Panthers, Miami Heat, Denver Nuggets, NBA, South, NHL, Las Vegas, Washington Capitals, Toronto Maple Leafs, Detroit Red Wings, Hague, Vegas, Thomson Locations: Las Vegas , Nevada, USA, Vegas, Las Vegas, Florida, South Florida, it's, Toronto
“Don’t be shy,” said the exhausted milliner, who was frantically finishing the hat for the ingénue’s big number at the end of Act One. “What do you need?” “I’m looking for Lorraine again,” said the assistant director. “I’ve been going from stage to stage in this building. “I’ve been going from stage to stage in this building. A little bit wicked of her in the middle of the tech rehearsal, I thought.” “What would I do without you?” sighed the A.D. “The costume crew knows all.”
Persons: , milliner, Lorraine, “ I’ve, Don’t Locations: Chita
David Axelrod, a CNN senior political commentator and host of “The Axe Files,” was a senior adviser to former President Barack Obama and chief strategist for the 2008 and 2012 Obama presidential campaigns. CNN —In all the years I worked for Barack Obama, I didn’t think enough about the burdens of being America’s first Black president – in part because he bore them so gracefully. The president asked me to chat with her and assess how she would hold up under the pressures of the confirmation process and that weighty history. Jacob Philadelphia, the son of a White House staff member, touches then- President Barack Obama's hair in the Oval Office of the White House. It was a moving, spontaneous scene captured by the splendid White House photographer Pete Souza.
The Tiny Craft Mapping Superstorms at Sea Shortly after dawn on Sept. 30, 2021, Richard Jenkins watched a Category 4 hurricane overrun his life’s work. That August, a sister ship, SD 1031, successfully entered Tropical Storm Henri, but only in its early stages. Hurricane research, modeling and forecasting requires many terabytes of data for every square mile the storm passes through, including vitally important sea-level data from inside a storm. The next day, the depression was upgraded to a tropical storm and officially given the name Sam. And four months later, Tropical Storm Megi killed more than 150, wiped out several villages with landslides and displaced more than a million people.
New York CNN —The US economy is going from broken to bizarre. Covid crashed the American economy three years ago with no playbook for the wild recovery that would follow. And yet, the US economy today is growing, the job market is strong, and the consumer is still spending. The economy has added an astonishing 1.2 million jobs this year and the jobless rate matches the lowest since 1969. Goldman Sachs pegs recession odds at 35% and Fed Chair Jerome Powell last week said the economy could still skirt a recession.
There's no question 2022 was a rough year for investors. With record-high inflation, economic uncertainty and aggressive interest rate hikes from the Federal Reserve to combat rising prices, stocks took a beating. The median balance — half were above, half below — was $27,376 at the end of the year, a 23% decrease. At the same time, though, 39% of participants' deferral rate — the portion of their paycheck directed to their 401(k) account — climbed higher, compared with 9% of investors who decreased their contributions. While many initiated the increase on their own, more than half of the boosts came from the plan's yearly automatic escalation.
[1/2] A Brazilian flag is seen through broken glass following the anti-democratic riots, at Planalto Palace, in Brasilia, Brazil, January 10, 2023. What many banks point to is the assumed risk premium already built in to Brazilian real interest rates. But beyond Brazilian markets, the wide global markets calm surrounding the weekend events was equally curious. After all, Brazil is the 12th largest economy in the world and one of the biggest food and raw materials exporters. Among the 10 biggest risks it lists by likelihood is emerging markets political risks that threaten political institutions.
By contrast, the median forecast for a similar poll on the U.S. Federal Reserve is exactly where futures currently price the Fed's terminal rate next year - 5.0%. Any reversion of terminal rate pricing to consensus or below could see the pound wobble again. "That said, we have been stressing downside risks to our terminal rate projection, given the constant dovish messaging from the MPC. BoE poll question on Terminal Rate Risks? Central Bank Rate Hike CampaignSterling volatilityThe opinions expressed here are those of the author, a columnist for Reuters.
The Dow more than 500 points as traders flinched at new data that made a case for the Fed to stay hawkish. ISM services sector data for November turned higher, and factory orders increased in October. Survey data from the Institution of Supply Management showed that services sector activity picked up last month, with a reading of 56.5, up from 54.4 in October. Meanwhile, data from the Commerce Department showed that factory orders were up 1% in October, beating expectations for an increase of 0.7%. Here's where US indexes stood after the 4 p.m. closing bell on Monday:Here's what else happened today:In commodities, bonds, and crypto:
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