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☆ Wednesday's analyst calls: Stifel gets bullish on Tesla, FedEx seen rallying 40%, Citi boosts Nvidia
▼ + stars: | 2024-06-26 | by ( Alex Harring | ) www.cnbc.com time to read: +10 min

(This is CNBC Pro's live coverage of Tuesday's analyst calls and Wall Street chatter. Stifel opened coverage on Tesla with a buy rating and an ambitious price target as it sees multiple growth opportunities for the company. Crockett also increased his price target by $64 to $260, which now suggests shares can rally 24.4% from Tuesday's closing price. Goldman also hiked his price target by $7 to $52, now reflecting upside potential of 17.7% over Tuesday's close. Analyst Stephen Gengaro initiated the electric vehicle maker at a buy rating with a $265 price target.

Persons: Rosenblatt, Barton Crockett, Crockett, — Alex Harring, Atif Malik, Malik, Blackwell, Wolfe, Robinhood, Steven Chubak, Chubak, Jason Warnick, That's, Keith Gill, Katja Jancic, Jancic, Brian Ossenbeck, Ossenbeck, Campbell, Ken Goldman, hasn't, Goldman, underperformance, Stifel, Stephen Gengaro, Gengaro, Alex Harring Organizations: CNBC, Federal Express, JPMorgan, FedEx, Apple, Apple Intelligence, Android, Meta, Microsoft, Nvidia, Citi, Wolfe Research, . Steel, BMO Capital Markets, U.S, Steel, Nippon Steel, Nippon, US, U.S . Steel, CPB, Tesla Locations: Tuesday's, Japan, U.S

☆ Here are Wednesday's biggest analyst calls: Nvidia, Amazon, Alphabet, FedEx, Tesla, Caterpillar, Shopify, Disney & more
▼ + stars: | 2024-06-26 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Here are the biggest calls on Wall Street on Wednesday: Stifel initiates Tesla at buy Stifel said it's bullish on Tesla for the long term. JPMorgan upgrades FedEx to overweight from neutral JPMorgan upgraded the shipping giant following earnings on Tuesday. Jefferies reiterates Alphabet as buy Jefferies said its survey checks show Alphabet is top of mind for consumers when it comes to AI. Citi reiterates Nvidia as buy Citi raised its price target on Nvidia to $150 per share from $126. Morgan Stanley downgrades Accenture to equal weight from overweight Morgan Stanley said shares of the IT company are "no longer" attractive.

Persons: Tesla, Stifel, it's, Piper Sandler, Piper, Goldman Sachs, Goldman, Mark Clouse, Carrie Anderson, Rebecca Gardy, Wolfe, HOOD, Warnick, Shopify, Rosenblatt, Nike's, Morgan Stanley, Jefferies, GOOGL, Stephens, Wells, BTIG, Northrop, Rivian, Piper Sandler downgrades Aptiv Organizations: JPMorgan, FedEx, Campbell, Barclays, Nu Holdings, BMO, Steel, Nippon, US Steel, X, Digital Realty, Citi, U.S, Caterpillar, Apple, Apple Intelligence, Android, UBS, Nike, Nvidia, Davidson, Home, Bank of America, " Bank of America, shipper, UPS, Cruises, Northrop Grumman, VW, JV, Accenture Locations: 1Q24, Mexico, Brazil, China, Houston, U.S, Rivian

☆ Stocks making the biggest moves premarket: Rivian, FedEx, Whirlpool, Nvidia, Micron and more
▼ + stars: | 2024-06-26 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Rivian Automotive — Shares of Rivian Automotive skyrocketed more than 40% after the electric vehicle company secured up to $5 billion in funding from Volkswagen Group. A so-called short squeeze added fuel to the gain as about 19% of the Rivian shares available for trading were sold short before this news, according to FactSet. Nvidia — The chip stock added more than 2%, building on a nearly 7% rebound during Tuesday's session. Aptiv — The automotive technology stock dropped 7% after Piper Sandler downgraded Aptiv to underweight from neutral and cut its price target. Robinhood — Shares added 3%.

Persons: Bosch, Mills, Aptiv, Piper Sandler, Campbell, Ken Goldman, Wolfe, Sarah Min, Lisa Han, Jesse Pound, Michelle Fox Organizations: Rivian Automotive, Volkswagen Group, FactSet, FedEx — FedEx, Whirlpool, Reuters, Southwest Airlines —, Nvidia, Citi Research, Rivian, Volkswagen, JPMorgan, United States Steel, BMO Capital Markets, U.S, Steel, Nippon Steel, Micron Technology Locations: Tuesday's

☆ Off Gaza’s coast, truckloads of aid roll off a US military pier – only to remain uncollected
▼ + stars: | 2024-06-25 | by ( Jeremy Diamond | ) edition.cnn.com time to read: +4 min

CNN —After a series of mishaps, trucks of humanitarian aid are now beginning to roll onto the US military pier off the Gaza coast at a steadier pace. The US military says it is now moving about 800 pallets of humanitarian aid per day to Gaza via the temporary pier, or roughly 40 trucks. Humanitarian aid operations in Gaza have been severely hampered by an increase in Israeli military operations over the past month and humanitarian aid officials say lawlessness and looting are also on the rise. The Israeli military says it has been getting hundreds of aid trucks into Gaza recently, blaming humanitarian aid agencies’ lack of capacity for not picking up and distributing the aid. Pressed on criticism from humanitarian aid groups that the US’s $230-million effort would have been better spent pressuring Israel to get more aid into Gaza via land routes, Capt.

Persons: Leo Correa, Joe Biden, Israel, Joel Stewart, ” Organizations: CNN, Food, Army, Pentagon, Navy Locations: Gaza, Israeli, American

Container ships are berthed at PSA's Pasir Panjang Terminal in Singapore July 15, 2019. Global port congestion has reached an 18-month high, with 60% of ships waiting at anchor located in Asia, maritime data firm Linerlytica said this month. SEVERE CONGESTIONSingapore, the world's second-largest container port, has seen particularly severe congestion in recent weeks. "The peak season, which traditionally starts in June, was advanced by a full month, causing ocean freight rates to soar." Container freight prices from Asia to the U.S. and Europe have tripled since early 2024.

Persons: Edgar Su, Linerlytica, Yemen's, Jayendu Krishna, Drewry, PortCast, Niki Frank, Dimerco, Jonathan Gold, Judah Levine, Jared Bernstein, Gene Seroka, Peter Sand, Jeslyn Lerh, Lisa Baertlein, Lisa Barrington, Miyoung Kim, Kim Coghill Organizations: REUTERS, Retailers, Ships, Drewry Maritime Advisors, Singapore, Singapore's, Port Authority, Drewry, Keppel, Tuas, Maersk, DHL Global, Asia, Descartes, National Retail Federation, Container, U.S ., of Economic Advisers, U.S, DHL, Thomson Locations: Pasir Panjang, Singapore, SEOUL, SINGAPORE, Asia, Africa, Malaysia's Port Klang, Tanjung Pelepas, Shanghai, Qingdao, China, South Korea, U.S, Europe, U.S . East Coast, U.S . West, of Los Angeles, Los Angeles, Seoul

☆ The Mysterious, Deep-Dwelling Microbes That Sculpt Our Planet
▼ + stars: | 2024-06-24 | by ( Ferris Jabr | ) www.nytimes.com time to read: +2 min

Beneath the pit, some 370 miles of tunnels twist through solid rock, extending more than 1.5 miles below the surface. For 126 years, this site in Lead, S.D., housed the Homestake Mine, the deepest and most productive gold mine on the continent. In 2006, the Barrick Gold Corporation donated the mine to the state of South Dakota, which converted it into the largest subterranean laboratory in the United States, the Sanford Underground Research Facility. Although the lowest tunnels flooded after mining ceased, it is still possible to descend nearly a mile beneath the planet’s surface. Most of the scientists who do so are physicists conducting highly sensitive experiments that must be shielded from interfering cosmic rays.

Persons: scientists Organizations: Barrick Gold Corporation, Sanford Underground Research, Sanford Locations: North America, South Dakota, United States

San Miguel Gate, Tohono O’odham Nation CNN —The thermometer hit 111 Fahrenheit as we rolled up to a battered tent deep in the Tohono O’odham Nation reservation in Arizona. Chairman Verlon Jose, leader of the Tohono O’odham Nation, considered addressing them, and then turned away. CNNPeople wait to be taken in by Border Patrol after crossing the US-Mexico border near the San Miguel gate on the Tohono O'odham reservation, Arizona in June 2024. Evelio Contreras/CNNYou could drive for miles on the sprawling Tohono O’odham reservation without encountering anyone beside the free-ranging cattle. Some Tohono O’odham Nation members put out water or food for the migrants, others are afraid to.

Persons: Verlon Jose, ”, Evelio Contreras, Jose, ” Jose, Katie Hobbs, we’re, Annette Mattia, “ We’re, you’ll, ” Annette Mattia, “, Ariel Mattia, Raymond Mattia's, who’ve, CNN –, ” Norma, You’ve, ain’t, Mike Wilson, ” Wilson, Raymond Mattia, ” “, Mattia, Biden, That’s, Trump, CNN’s Rachel Clarke Organizations: CNN, Patrol, Border Patrol, US Border Patrol, US Customs, Border Protection, CNN CNN, Customs and Border Protection, CBP, San, CNN Migrants, CNN Border Patrol, CNN Security, US, Plymouth Rock Locations: Miguel Gate, Arizona, Pima County , Arizona, Mexico’s, Cortez, Mexico, United States, San Miguel, Arizona’s Tucson, Menagers, , Arizona, Pima County, America, Tucson, Arizona's, illegals, American, Atlanta

☆ Groundbreaking study shows why drinking from plastic bottles may increase your risk of type 2 diabetes
▼ + stars: | 2024-06-24 | by ( ) 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 previewScientists have long suspected that industrial chemicals used in plastic water bottles can disrupt human hormones. Now, a groundbreaking new study shows direct evidence that bisphenol A — or, BPA, a chemical used to package food and drink — can reduce sensitivity to insulin, a hormone that helps regulate blood sugar. An impaired ability to respond to insulin, known as insulin resistance, can mean chronically high blood sugar levels and a much higher risk of type 2 diabetes. "We were surprised to see that reducing BPA exposure, such as using stainless steel or glass bottles and BPA-free cans, may lower diabetes risk."

Persons: —, Todd Hagobian, They've, Hagobian Organizations: Service, Business, American Diabetes Association, California Polytechnic State University, EPA, FDA, European Commission Locations: California

☆ This technology could transform one of the world’s dirtiest industries. Experts say it’s way off pace
▼ + stars: | 2024-06-23 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +11 min

This complex will be world’s first large-scale “green steel” project, according to H2 Green Steel, the Swedish company behind the multi-billion-dollar mill. Dhiraj Singh/Bloomberg/Getty ImagesWhile projects like H2 Green Steel show momentum is growing, experts say the pace is far too slow. Northern Sweden is also home to the HYBRIT green steel pilot plant — which is one step ahead. US Secretary of State Antony Blinken speaks during a visit to Hybrit Steel Plant in Lulea, Sweden, on May 30, 2023. But there’s also the challenge of producing large amounts of green hydrogen, which will require huge amounts of renewable energy.

Persons: Peter Boer, Dhiraj Singh, ”, Mohamed Atouife, Daniel Acker, ” Atouife, HYBRIT, Biden, Antony Blinken, Jonas Ekstromer, Martin Pei, SSAB, ” Pei, Chathurika, Caitlin Swalec, Jonathan Nackstrand, Pei, there’s, –, Philipp Verpoort, “ It’s, Princeton’s, Swalec, Chris Greig, ” Greig, RMI’s Gamage Organizations: CNN, Green Steel, Tata Steel, Bloomberg, Getty, Rourkela Steel, Princeton University, Volvo, Hybrit Steel, TT, Agency, AFP, “, Mountain Institute, Global Energy Monitor, Potsdam Institute, Climate Impact, Potsdam, Princeton University’s Andlinger Center for Energy, Workers, Jiangsu Shagang, Co, European Union Locations: Sweden, Boden, Swedish, Wijk aan, Netherlands, Odisha, India, Indiana, Portage , Indiana, Northern Sweden, Cleveland, Ohio, Middletown, Mississippi, Lulea, Luleå, AFP, China, Europe, Japan, Jiangsu, Huai'an, Jiangsu Province, European

☆ Warnings signs for Biden’s Jewish support as war in Gaza drags on and antisemitism rises
▼ + stars: | 2024-06-23 | by ( Edward-Isaac Dovere | ) edition.cnn.com time to read: +14 min

Still, conversations about a possible drift toward Donald Trump, though, are evident in the several Jewish elected Democratic leaders who grimaced and ducked when asked by CNN to discuss their sense of Jewish support for Biden. Talking with Jewish voters in Michigan, “I’ve had a couple of people say point blank, ‘How could any Jew vote for a Democrat?’” said Troy Zukowski, the West Michigan chair of the Michigan Jewish Democrats. The president does have some key Jewish voices of support in important places. Trump’s support among Jewish voters in 2020, at 30% according to Associated Press exit polls, was the highest for a Republican presidential candidate in decades. The expected central theme of that effort, according to one of the people involved, will be: As a Jewish American, do you feel safer than you did four years ago?

Persons: Joe Biden’s, –, Biden, Joe ”, Kamala Harris, Doug Emhoff, Donald Trump, grimaced, megadonor Haim Saban, “ I’ve, ’ ”, Troy Zukowski, “ I’m, I’m, Alejandro Mayorkas, Neera Tanden, Jon, John Kirby, Kirby, Joe Biden, ”, Josh Shapiro, “, Shapiro, Pharaoh, Hitler, Kim Jong, Benjamin Netanyahu’s, Emhoff, Ben Stiller, chitchatting, Alex Edelman’s, Israel, sickening ”, Trump, Morgan Ortagus, Haile Sofer, Jake Sullivan, Netanyahu, Lee Zeldin, ” Zeldin, Rashida, Harris, Biden “, ” Emhoff, who’s, antisemites, Andrew Weinstein, it’s, “ He’s, I’ve, Joe Organizations: Washington CNN, CNN, Jewish, Democratic, White, Biden, Democrat, Michigan Jewish Democrats, Trump, Homeland, National Security, Justice, NSC, Pennsylvania, American, Israel, Nova Music, Wing, House, Jewish voters Trump, State Department, Jewish Democratic Council of America, Associated Press, Republican, United Arab Emirates, Capitol, GOP, Democratic Party, Biden ’, Republican Jewish Coalition, Naval Observatory Locations: Israel, Pennsylvania , Michigan, Georgia, Wisconsin, Arizona, Michigan, West Michigan, Palestine, president’s State, Jerusalem, Gaza, Lower, Manhattan, Brooklyn, America, Charlottesville , Virginia, Germany, Washington, Bahrain, New York, Detroit, American, Charlottesville, ”, Florida

☆ Extreme heat takes toll on outdoor workers
▼ + stars: | 2024-06-21 | by ( Alicia Wallace | ) edition.cnn.com time to read: +11 min

There’s little to no escape from sweltering temperatures for construction workers like Eva Marroquin, who cleans work sites in Austin, Texas, and has worked in the industry for 17 years. Since 2010, she’s worked closely with the Workers Defense Project, an organization that advocates for protections for low-wage, immigrant workers in the Texas construction industry. Slowing down small businessesIt’s barely just now summer, and heatwaves are already slowing down small businesses, according to Homebase, which provides payroll software to more than 100,000 small businesses, covering 2 million hourly workers. “I think anything that impacts small businesses is affecting the economy as a whole,” he said, noting how small businesses account for half the jobs in the country. For herself, the high heat is more of an inconvenience; the car’s hotter and she just needs to pack some extra water.

Persons: Eva Marroquin, ” Marroquin, Christine Bolaños, she’s, Chris Lafakis, ”, Joshua, Gina Ferazzi, Gregory P, Casey, Jenny Schuetz, Brian Snyder, aren’t, “, John Waldmann, They’re, Katie Parent, Joseph Prezioso, Greer, Denise Greer Jamerson, Norman, Greer Jamerson, you’ve, ‘, “ It’s, it’s, Tamara Lovewell, café, panini, Tamara Lovewell “, Lovewell Organizations: CNN, Capitol, Workers Defense Project, Moody’s, Federal Reserve Bank of San, Williams College, Triple, Los Angeles Times, Environmental Protection Agency, Brookings Metro, Reuters, University of California, Stanford University, Getty, National Weather Service, Ruska Coffee Company Locations: Austin , Texas, Washington ,, Texas, Federal Reserve Bank of San Francisco, Massachusetts, Joshua Tree , California, Boston, Greater Boston, AFP, Princeton , Indiana, , Maine, United States, Caribou .

☆ This new technology for nuclear power could help fuel the AI revolution
▼ + stars: | 2024-06-20 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +6 min

Scientists have long considered nuclear energy one of the cleanest and most reliable forms of energy production. Tech companies at the forefront of the AI revolution are also turning to nuclear energy to power their vast AI data centers. A new fuel cycle for nuclear powerTransmutex's technology destroys nuclear waste and produces new nuclear fuel. AdvertisementNuclear physicists say the company's technology avoids one of the biggest concerns with nuclear energy: that the same fuel used to power nuclear plants can also be used to manufacture atomic weapons. Oklo, a startup backed by OpenAI CEO Sam Altman, is betting on generating nuclear power through small nuclear reactors.

Persons: —, Jennifer Granholm, Franklin Servan, Schreiber, Transmutex, Cameron Porter, Andrei Afanasev, George, Afanasev, Mark Zuckerberg, Sam Altman, nicolas lieber, photographie Servan Organizations: Service, Business, US, . Tech, Steel, George Washington University's Institute for Nuclear Studies, Department of Energy, Energy Locations: Swiss, Switzerland, United States, Saudi Arabia, Transmutex, Georgia

☆ Your Guide to the Heat
▼ + stars: | 2024-06-20 | by ( David Leonhardt | ) www.nytimes.com time to read: +1 min

I still remember how hot the summer of 1993 felt. As one Globe headline put it — describing the entire city — “Pavement buckles, people lose cool and fans just blow hot air.”Since then, I have often thought of 1993 as the hottest summer of my life. It just felt that way because the intensity and frequency of heat was unusual at the time. Today, many of us have become accustomed to heat waves like the one now blanketing the eastern half of the country and much of the Southwest. Last month was the 12th straight to be the hottest month of its kind on record.

Persons: Manuela Andreoni Organizations: Boston Globe

☆ How Nvidia is now worth more than Apple
▼ + stars: | 2024-06-20 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

But these multigenerational brand names are now trailing behind Nvidia, suddenly the most-valuable public company in the world. With a market value of over $3 trillion, Nvidia is worth more than most countries’ entire economies. All that demand for Nvidia chips surely must’ve increased competition, right? All that means is demand for Nvidia chips isn’t going away any time soon but that competition will continue to grow more fierce. Before we know it, another company with a name most people can’t pronounce will be referred to as the next Nvidia.

Persons: New York CNN —, chipmaking, “, Jensen Huang, Huang, OpenAI, it’s Organizations: New, New York CNN, Apple, Microsoft, Google, Nvidia, Meta, IBM Locations: New York, Denny’s, Silicon Valley

☆ It takes a full year to bring one of Art Basel's most popular exhibits to life. Here's how it all comes together.
▼ + stars: | 2024-06-20 | by ( Monica Humphries | ) www.businessinsider.com time to read: +8 min

Perhaps the most popular part of Art Basel is the Unlimited sector, famous for its large-scale works. He spends the week of Art Basel conversing with gallery representatives, discussing artists' works, and planting seeds for the next exhibit. Monica Humphries/Business InsiderOnce the hall's layout is finalized, walls and lights are built and placed. Finally, the galleries and artists arrive to install their projects about four days before Art Basel begins. A view of Art Basel's Unlimited hall.

Persons: —, Giovanni Carmine, Carmine, Lutz Bacher's, David Claerbout's, Monica Humphries, Keith Haring, Miles, Allan McCollum, Julio Le Parc's, Carmine's, Seba Calfuqueo, Keith Haring's, Sam Falls, Mario, Mario Ceroli's, Faith Ringgold's, Julio Le Parc, Christo Organizations: Service, Art Basel, Kunst Halle Sankt Gallen, Business, Basel, curating, FDR Locations: Switzerland, Swiss, Basel, Art, Paris, Miami, la, Harare, Zimbabwe

☆ Microplastics discovered in human penises for the first time
▼ + stars: | 2024-06-19 | by ( Jack Guy | ) edition.cnn.com time to read: +5 min

CNN —Scientists have found microplastics in human penises for the first time, as concerns over the tiny particles’ proliferation and potential health effects mount. Microplastics are polymer fragments that can range from less than 0.2 inch (5 millimeters) down to 1/25,000th of an inch (1 micrometer). Ramasamy said he wasn’t surprised to find microplastics in the penis, as it is a “very vascular organ,” like the heart. Seven different types of microplastics were detected, with polyethylene terephthalate (PET) and polypropylene (PP) the most prevalent, according to the study. “We need to identify whether microplastics are linked to ED and if there is a level beyond which it causes pathology and what types of microplastics are pathologic,” he said.

Persons: Ranjith Ramasamy, Ramasamy, wasn’t, ”, ” Ramasamy, Toxicologist Matthew J, Campen, ” Campen, Leonardo Trasande, don’t, Trasande Organizations: CNN —, University of Miami, CNN, University of New, “ Plastics, NYU Langone Health, American Academy of Pediatrics Locations: University of New Mexico, Albuquerque

☆ An Arkansas county doesn't want families to move. It's offering them up to $50,000 to build or renovate their homes.
▼ + stars: | 2024-06-18 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

And, the incentive program is only available to employees of specific companies, like steel producers River Steel, US Steel, and Atlas Tube. Mississippi County's incentive program is part of a recent wave of efforts across rural America to increase populations and local businesses. Related storiesFor Mississippi County, this growing housing demand has provided an opportunity to build their towns and cities. The housing incentive program offers a 10% forgivable loan on a new home construction with a maximum home cost of $500,000, meaning some families can receive up to a $50,000 housing credit. As more families move to or settle in Mississippi County, Scott expects it will have a positive effect on businesses, the school system, and public spaces.

Persons: —, Farmers Bank & Trust Randy Scott, Scott, You'll, you'll Organizations: Service, Business, Farmers Bank & Trust, Steel, US Steel Locations: Mississippi County , Arkansas, Rock, Tennessee, Blytheville, Osceola, Mississippi County, . Mississippi, America, Lincoln County , Kansas, Tulsa , Oklahoma, Columbus , Georgia, Midwest, Mississippi, Missouri , Alabama , Mississippi , Wisconsin , Michigan, Colorado, Ohio, Arkansas

☆ CNBC Daily Open: Nasdaq record, $25 trillion Tesla?
▼ + stars: | 2024-06-17 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nasdaq recordThe Nasdaq Composite hit its fifth consecutive record close, while the S&P 500 and Dow Jones Industrial Average saw slight declines. Consumer sentiment dropped in June, but hopes for cooling inflation boosted the S&P 500 and Nasdaq by 1.6% and 3.2% respectively for the week. Caterpillar and Boeing dragged down the Dow, while Carnival and Norwegian Cruise Line were the biggest laggards on the S&P 500. Tempus AI debutTempus AI, an AI-driven health-care diagnostics company, rose as much as 15% in its Nasdaq stock market debut.

Persons: Elon Musk, Recep Tayyip Erdogan, Fatih Aktas, Pavan Davuluri, Eric Lefkofsky, Adobe, Shantanu Narayen, Pope Francis Organizations: Turkish, United Nations, UN, Anadolu Agency, Getty, CNBC, Nasdaq, Dow Jones, Caterpillar, Boeing, Dow, Cruise Line, Microsoft, Windows, Google, China, Seven, JPMorgan Locations: New York, United States, Carnival, Russia

☆ Their trip to Bali was going to be a month long. But they fell in love with the island and built a house near the sea, giving up city life for good.
▼ + stars: | 2024-06-17 | by ( Amanda Goh | ) www.businessinsider.com time to read: +9 min

Amanda Goh/Business InsiderInitially, they planned to use Bali as a base to travel around Asia. Amanda Goh/Business Insider"It was very busy, very loud, and a lot of traffic," Lucie said. Amanda Goh/Business InsiderBuilding the home took about four months, and they estimate they spent about $70,000 on the build. Amanda Goh/Business InsiderFor instance, the couple's house is supported by six steel pillars and made from local brick. Amanda Goh/Business Insider"How much material was extracted from the ground, transported, and transformed?

Persons: —, Lucie Yu, Lucie, Tanguy, Amanda Goh, Tony Gwilliam, Gwilliam, R, Buckminster Organizations: Service, Business Locations: Bali, Lombok, Paris, Asia, Kerobokan, Canggu, Kediri

☆ Top Real Estate Brokerage Rattled by Sexual Assault Claims
▼ + stars: | 2024-06-17 | by ( Debra Kamin | ) www.nytimes.com time to read: +1 min

For more than a decade, Oren Alexander was one of the biggest names in ultraluxury real estate in Miami and New York City. He helped to broker the record-setting 2019 purchase of a penthouse at 220 Central Park South, a deal closed for nearly $240 million. The real estate empire that he helped to build in the sky in multimillion-dollar perches of glass and steel in both cities is now crumbling under mounting allegations of violent sexual assault. Mr. Alexander, 36, was accused in two separate lawsuits filed earlier this year of sexually assaulting two women more than a decade ago. Oren’s identical twin brother, Alon, an executive in a private security firm, is also named as a defendant in both complaints.

Persons: Oren Alexander, Alexander, Alon Organizations: Hamptons Locations: Miami, New York City, Manhattan

China's retail sales beat expectations in May, climbing 3.7% compared with a year ago, beating expectations of a 3% rise from a Reuters poll of economists. However, other economic metrics, such as industrial output and fixed asset investment, missed Reuters forecasts. Industrial output grew by 5.6% year-on-year, compared to the 6% increase expected, while fixed asset investment rose 4% compared to last May, just shy of the 4.2% forecast by the Reuters poll. On the other hand, the miss in fixed asset investment was dragged by a steeper drop in real estate investment. NBS said that excluding real estate, total fixed asset investment was 8.6% higher compared to last May.

Organizations: Reuters, National Bureau, Statistics, NBS Locations: Hangzhou, Zhejiang Province, China

☆ Rory McIlroy and the U.S. Open he will never escape — even though he tried
▼ + stars: | 2024-06-16 | by ( Brody Miller | ) www.nytimes.com time to read: +10 min

But Rory McIlroy did not win the 2024 U.S. Open. Bryson can win the U.S. Open with a par on 18. pic.twitter.com/lSk0ZzzZK2 — U.S. Open (@usopengolf) June 16, 2024He parred No. Rory McIlroy had a two-shot lead with five holes to play Sunday. Rory McIlroy choked. Rory McIlroy sped off out of the Pinehurst Resort parking lot early Sunday evening not just a man in heartbreak.

Persons: Bryson, Rory McIlroy’s, caddie, McIlroy strutted, Bryson DeChambeau, Rory McIlroy, McIlroy, DeChambeau, —, gam, Mc, yar, dow, Lex, abi l, lea, e, liv, bec, Th, Pat, Gia, aga Organizations: Pinehurst, Lexus, U.S, Gulfstream, Sandhills, U.S ., acc, McI, awa, Yan, pla Locations: PINEHURST, N.C, —, U.S, North Carolina, DeChambeau, hol

☆ US Navy warships are stuck in a Red Sea battle they can't fight forever
▼ + stars: | 2024-06-15 | by ( Jake Epstein | ) www.businessinsider.com time to read: +11 min

Components of the Dwight D. Eisenhower Carrier Group steam in formation with the Italian navy in the Red Sea on June 7. A fighter jet parks on the deck of the USS Dwight D. Eisenhower in the Red Sea on June 11. Elements of the Eisenhower strike group have already left the Red Sea once to be rearmed and resupplied, and the Pentagon recently extended its monthslong deployment for a second time. A fighter jet is launched from the USS Dwight D. Eisenhower during a strike against Houthi military targets in Yemen on Feb. 3. A commercial ship in the Red Sea in March.

Persons: —, they've, Dwight D, Navy Carlos Del Toro, What's, Eisenhower, Bernat, National Intelligence Avril Haines, Joseph Votel, John Kirby, Jorge LeBaron, Haines, Biden, Brian Finucane, Finucane, Votel, Mohammed Hamoud, That's, Nadimi Organizations: Service, US Navy, Business, Washington, Eisenhower Carrier Group, Eisenhower Carrier Strike, Ike, Navy, Pentagon, US Central Command, AP, National Intelligence, White House National Security Council, BI, Handout, US, Crisis, US State Department, Screengrab, Ministry of Defense, Defense Intelligence Agency, Galaxy Leader, The Washington Institute for Near East Locations: Gulf of Aden, Yemen, Saudi Arabia, Israel, Western, Africa, Gaza, Persian, Bab, Red

☆ G7 confronts China on commerce, pope talks about AI
▼ + stars: | 2024-06-15 | by ( ) www.cnbc.com time to read: +2 min

Italian Premier Giorgia Meloni receives Pope Francis as he arrives at the G7 Leaders Summit on day two of the 50th G7 summit at Borgo Egnazia on June 14, 2024 in Fasano, Italy. Pope Francis made an historic appearance at the Group of Seven summit on Friday to speak about the pros and cons of artificial intelligence, while G7 leaders also pledged to tackle what they said were harmful business practices by China. Italian Prime Minister Giorgia Meloni, the summit host, invited the pope and other heads of state and government, including the prime minister of India and the king of Jordan, in an effort to show the G7 was not an aloof, exclusive club. "We will never accept the narrative that wants the 'West against the rest'," Meloni told the meeting on Friday. The G7 also warned of action against Chinese financial institutions that helped Russia obtain weapons for its war against Ukraine.

Persons: Giorgia Meloni, Pope Francis, Jordan, Meloni, Joe Biden, Javier Milei Organizations: G7, Borgo Egnazia, U.S, Ukraine Locations: Borgo, Fasano, Italy, China, Italian, India, Argentine, United States, Britain, France, Germany, Japan, Canada, Russia, Washington, Taiwan, Philippines

☆ Maker of Jeep and Dodge plans to kill chrome on cars, citing risks to those who make it
▼ + stars: | 2024-06-14 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +8 min

Southern California boasts the highest concentration of chrome plating shops in America and regulators in that state have been requiring those methods for years. But California is now moving toward an outright ban on chrome plating using hexavalent chromium while offering funding for chrome platers to transition to other methods. In 2019, green slime oozing out onto a highway near Detroit was found to be hexavalent chromium leaking from a nearby business. “We are also using light as the new chrome,” VW said in a statement shared with CNN. “Chrome peaked in the ’50s with the big American land yachts and stuff with giant chrome bumpers and giant chrome grills.

Persons: CNN —, It’s, ”, Leslie Kendall, Stellantis, it’s, Ralph Gilles, Gilles, Christian Richter, “, ” Gilles, ‘, ’, Bentley –, VW, Peter Valdes, Petersen, Kendall, we’ve Organizations: CNN, Petersen Automotive Museum, Fiat, Maserati, California Air Resources Board, Chrysler, Occupational Safety, Health Administration, National Association, EPA, OSHA, Chrysler Pacifica, Chrysler Pacifica Limited, Volkswagen, VW Group, Audi, Bentley, VW, “ Locations: Los Angeles, United States, Europe, Southern California, America, California, Detroit, Michigan, NASF

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