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What it’s really like to live in Macao
  + stars: | 2024-04-25 | by ( Lilit Marcus | ) edition.cnn.com   time to read: +9 min
Macao, the Chinese special administrative region (SAR) often twinned with Hong Kong, is known as the Las Vegas of Asia. But travelers who are willing to dig in a little deeper can explore Macanese culture, which mixes Portuguese, Chinese and Southeast Asian heritages. Macao is comprised of two islands – the north one, Macao itself, and its southern neighbor Taipa. “In Asia, [people] think that Macao is full of casinos, and I think they do not understand the other parts of Macao,” says Lai. That means that they can live in Macao without a work visa and do not need a company sponsoring them.
Persons: CNN — “, , Vivian Lai, Taipa, Lai, ” Marina Fernandes, Michael Maslan, , it’s, Uber, Fernandes, Eduardo Leal, Ricardo Balocas, Balocas, Don’t Organizations: CNN, Las, Macanese Association, Bloomberg, Macao International Airport, Joseph’s University, Macao, Henley Locations: Macao, Hong Kong, Las Vegas, Asia, China, Taipa, , , Europe, Portuguese, Zhuhai, Macao’s, Singapore, Jakarta, Hanoi, Bangkok, Beijing, North America, Shenzhen, Guangzhou, Bay Area, Portugal, Macao's, Lisbon, St, Philippines, ‘ Little Lisbon, it’s
World leaders are gathering in Ottawa, Ontario, this week to hash out a global treaty to end plastic pollution. This story is available exclusively to Business Insider subscribers. AdvertisementHundreds of businesses and countries support cutting plastic production. Lin represents the Business Coalition for a Global Plastics Treaty, which includes more than 200 companies. Cutting plastic production would also hit the bottom line of oil majors such as Exxon.
Persons: Carroll Muffett, Jose Fernandez, Biden, Allison Lin, Lin, Stewart Harris, Harris, Neil Nathan, Nathan, He's Organizations: Service, Business, Center for International Environmental Law, Organization for Economic Co, Lawrence Berkeley National Laboratory, State Department, Mars Inc, Business Coalition, Global Plastics, Walmart, PepsiCo, International Council of Chemical Association, Oxford Economics, Exxon, The International Energy Agency, UC Santa Barbara, US Locations: Ottawa , Ontario, Russia, Iran, Saudi Arabia, Washington, DC, Paris, Ottawa, Belgium
I worked at Sephora for 11 years, so I have a few favorite products that cost $20 or less. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAs someone who worked at Sephora for 11 years, I'm often asked which products are worth buying — but also won't break the bank. Luckily, Sephora carries plenty of high-quality items that cost $20 or less. This story is available exclusively to Business Insider subscribers.
Persons: Jart, , I'm Organizations: Service, Business Locations: Sephora
Read the Harvey Weinstein Appeal Ruling
  + stars: | 2024-04-25 | by ( ) www.nytimes.com   time to read: +2 min
24 many years. This is the method which is pursued in France, and it is claimed that entire justice is more apt to be done where such course is pursued than where it is omitted. The common law of England, however, has adopted another and, so far as the party accused is concerned, a much more merciful doctrine. By that law the criminal is to be presumed innocent until [their] guilt is made to appear, beyond a reasonable doubt, to a jury of 12 []. It is not proper to raise a presumption of guilt, on the ground, that having committed one crime, the depravity it exhibits makes it likely [they] would commit another”]).
Persons: Sharp Organizations: Molineux, Commonwealth, Jackson Locations: France, England, Massachusetts, Pennsylvania
Honeywell shares are under pressure Thursday, despite the industrial conglomerate exceeding expectations for first-quarter sales and earnings. The culprits: Softer guidance for the current quarter and some uncertainty about a recovery in some of its key businesses. Honeywell Why we own it: Honeywell is a provider of industrial technology solutions to companies in various industries. Building automation was down year over year as growth in the longer-cycle solutions business was offset by continued weakness in the shorter-cycle products business. Honeywell International Inc. signage is displayed on a monitor on the floor of the New York Stock Exchange (NYSE) in New York.
Persons: it's, Jim Cramer's, Jim Cramer, Jim, Michael Nagle Organizations: Honeywell, Revenue, Emerson, Aerospace, CNBC, Honeywell International Inc, New York Stock Exchange, Bloomberg, Getty Locations: management's, UOP, New York
A worker fixes flags of the ruling Bharatiya Janata Party displayed on a hoarding prior in Raipur on April 15, 2024 ahead of the country's upcoming general elections. India's stock markets started the year in record-high territory, much of it supported by pre-election optimism — but as the country kicked off its weeks-long election, Bernstein warned that a market correction could be in place. Market players have been pricing in a victory for Prime Minister Narendra Modi's ruling Bharatiya Janata Party. Modi, who has been prime minister since 2014, is seen as a market-friendly candidate. Nearly one billion eligible voters will decide who fills the 543 contested seats in the Lok Sabha, the lower house of the Indian Parliament.
Persons: Bernstein, Narendra Modi's, Modi, Venugopal Garre, Nikhil Arela Organizations: Bharatiya Janata Party Locations: Raipur, India, Lok Sabha
Alphabet’s Revenue Jumps 15% to $80.5 Billion
  + stars: | 2024-04-25 | by ( Nico Grant | ) www.nytimes.com   time to read: +1 min
On Thursday, Alphabet, Google’s parent company, reported strong revenue growth in its latest quarter from its search engine and video platform, YouTube, as its market-leading position in online advertising continued to reap rewards despite recent fluctuations in the industry. Alphabet reported $80.5 billion in quarterly sales, up 15 percent from a year earlier, and above analysts’ estimate of $78.8 billion. Analysts had expected $18.9 billion. The company’s board also approved a $70 billion share repurchase program. Google’s search engine has proved most resilient to the fluctuations that have happened since, emphasizing its role as a gateway to the internet for billions of people.
Organizations: Google, Meta, Facebook
Europe’s central bankers are trying to get out of the shadow of the United States. Now, European Central Bank policymakers are emphasizing how much the inflation problem has eased in the eurozone. All week, Europe’s policymakers reiterated their growing confidence that high inflation was dissipating in the eurozone and that their 2 percent inflation target was in sight. The E.C.B., which sets interest rates for all 20 countries that use the euro, has signaled it could cut rates at its next policy meeting in early June. “We’re clearly in a disinflation process,” said Gabriel Makhlouf, governor of Ireland’s central bank and one of the 26 members of the E.C.B.’s governing council.
Persons: “ We’re, , Gabriel Makhlouf Organizations: European Central Bank, International Monetary Fund, World Bank Locations: United States, Washington, Ireland’s, U.S
Profit hit $21.9 billion, up from $18.3 billion. A year after Microsoft began its push to put A.I. into everything it does, the company said sales of its flagship cloud computing product, Azure, had grown 31 percent. push has helped it gain market share from Amazon, the leading cloud services provider. In January, the company said 53,000 customers were using its cloud A.I.
Persons: Microsoft’s Organizations: Microsoft, Revenue, Amazon
Francisco Rivera quit his tutoring job in December after his side hustle brought in six-figures in 2023. DON'T MISS: The ultimate guide to earning passive income online Rivera estimates 30% to 50% of each sale is profit. The success of Rivera's Etsy shop allowed him to quit his tutoring job in December. Leveraging existing skillsAfter college, Rivera worked in Apple stores in the Dallas-Fort Worth area for three years. Rivera started seeking new ways to make income when demand for online tutoring waned after the pandemic, he says.
Persons: Francisco Rivera, Francisco Rivera's, Rivera, Rivera's, he's, Bali —, That's Organizations: Sail University, Apple, CNBC, Outschool Locations: Bali, Dallas, Fort Worth, Orlando
Alphabet is joining its tech peers like Microsoft, Apple, and Meta in the dividend club. Its $0.20 dividend is its first ever, and it also authorized an additional $70 billion in buybacks. The news could ease concerns of some tech investors spooked by Meta's earnings Wednesday. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This story is available exclusively to Business Insider subscribers.
Persons: , It'll Organizations: Microsoft, Apple, Meta, Service, Business Locations: buybacks
On Wednesday the Microsoft -backed company priced shares at $32 each, above its expected range of $28 to 31 per share. In selling 23.5 million shares, it raised $752 million. Rubrik shares are trading under the ticker "RBRK." Many technology companies appeared on public markets in the 2010s as central banks kept interest rates low. Rubrik, founded a decade ago, reported a $354 million net loss in the latest fiscal year, compared to a $278 million loss in the year prior.
Persons: Rubrik, It's, Bipul Sinha Organizations: New York Stock Exchange, Microsoft, Astera Labs
Screenshot of used Tesla listing from Hertz Car Sales website. Hertz Car SalesIt's a screaming deal for shoppers in the market for a used Tesla or any budget-minded EV shopper, a demographic slowly making up most of the electric car market. AdvertisementMileage and battery usageA used Tesla that has been in a rental fleet is likely to used much more frequently than one that's been personally owned. You can see that in the difference in mileage when you look on Kelley Blue Book for a used Model 3. Screenshot of a used Tesla Model 3 listing on KBB Business InsiderAnother $20,125 Model 3 we found on the Hertz website in January, a 2021 model, was listed with 92,789 miles.
Persons: , Hertz, Kelley, Tesla, iSeeCars Organizations: Service, Hertz, Business, Tesla, KBB, EV, quicken Locations: Southeast Michigan
Analyst Edward Kelly upgraded the discount retailer to overweight from equal weight and opened a $180 price target. Yefremov's $400 price target indicates shares can jump 31.7% from Wednesday's closing price. Analyst Andrea Teixeira downgraded the energy drink maker to neutral from overweight and cut her price target by $7 to $59. — Alex Harring 5:38 a.m.: Wall Street reacts to Meta earnings Meta Platforms disappointed investors with its weak revenue guidance , sending shares down about 13% in premarket trading. His price target of $55 implies upside of 22% over the next 12 months.
Persons: Bernstein, Wells, Edward Kelly, shrinkflation, Kelly, — Alex Harring, Sherwin, Williams, Aleksey Yefremov, Yefremov, Doug Creutz, Creutz, Judas, Goldman, bullish, Goldman Sachs, Brooke Roach, Roach, Andrea Teixeira, Alex Harring, Ford, Wells Fargo, Colin Langan, Langan, LSEG, Eric Sheridan, Brian Nowak, Morgan Stanley, Doug Anmuth, Ronald Josey, Daniel Roeska, Roeska, General Motors, Fred Imbert Organizations: CNBC, General Motors, Traders, Grand Theft, Sony, Electronic Arts, TJX, TJX Companies, JPMorgan, Monster Beverage, Ford, Ford Pro, Facebook, Meta, Citi, mojo, General, GM Locations: Wells Fargo, Thursday's, Wednesday's, Michigan
Billionaire investor Ron Baron, a longtime Tesla bull, believes Elon Musk's electric vehicle manufacturer has hit a bottom. What they are doing is going into robotaxis and going to make the low-cost cars," Baron said on CNBC's "Squawk Box" on Thursday. Tesla is the biggest holding in Baron's oldest and biggest fund, Baron Partners Fund (BPTIX), accounting for more than 30% of the portfolio. The fund is down more than 17% this year amid a 35% decline in Tesla shares. TSLA 1Y mountain Tesla shares over past 12 months.
Persons: Ron Baron, Tesla, Elon, Baron, Musk, weathers, Organizations: Baron Capital, Baron Partners Fund Locations: robotaxis, Tesla, Baron's, Austin , Texas
A tactical buy signal just flashed in the stock market, according to JPMorgan's trading desk. AdvertisementA tactical buy signal just flashed in the stock market, according to a Tuesday note from JPMorgan's trading desk. The buy signal suggests that the S&P 500 could jump 3% within the next 20 days, which would put the index within spitting distance of its all-time high. But a bullish buy signal isn't enough to push the stock market higher on its own, JPMorgan's trading desk admitted. Instead, for this most recent buy signal to be successful, corporate first-quarter earnings will have to deliver and geopolitical tensions will have to cool down.
Persons: , What's Organizations: JPMorgan, Service, Tactical Positioning
Energy Dept. Aims to Speed Up Permits for Power Lines
  + stars: | 2024-04-25 | by ( Brad Plumer | ) www.nytimes.com   time to read: +1 min
The Biden administration on Thursday finalized a rule meant to speed up federal permits for major transmission lines, part of a broader push to expand America’s electric grids. The pace of construction for high-voltage power lines has sharply slowed since 2013, and building new lines can take a decade or more because of permitting delays and local opposition. The Energy Department is trying to use the limited tools at its disposal to pour roughly $20 billion into grid upgrades and to streamline approvals for new lines. Under the rule announced on Thursday, the Energy Department would take over as the lead agency in charge of federal environmental reviews for certain interstate power lines and would aim to issue necessary permits within two years. Currently, the federal approval process can take four years or more and often involves multiple agencies each conducting their own separate reviews.
Persons: Biden Organizations: The Energy Department, Energy Department
Guido Mieth | DigitalVision | Getty ImagesBorrowers hoping for student loan forgiveness have just a few more days to act before an April 30 deadline. Those payments are typically lower than under the standard repayment plan, and can be zero in some cases. Usually, a student loan consolidation restarts a borrowers' forgiveness timeline, making it a terrible move for those working toward cancellation. What to know about consolidating your student loansAll federal student loans are eligible for consolidation, including Federal Family Education Loans, Parent Plus loans and Perkins Loans, Kantrowitz said. You can apply for a Direct Consolidation Loan at StudentAid.gov or with your loan servicer.
Persons: Guido Mieth, Mark Kantrowitz, Kantrowitz, Biden Organizations: DigitalVision, Getty, CNBC, Finance, Federal Family, Parent, Perkins Loans
Alphabet said Thursday that it's issuing a 20-cent per share dividend, the company's first ever, and that its board authorized the repurchase of up to $70 billion in stock. The dividend is payable to all class of shares, including super-voting Class B shareholders, as well as nonvoting Class C shareholders. Co-founder Sergey Brin, who owns more than 730 million Class B and C shares, will receive a $146 million payout. Co-founder Larry Page, who owns 389 million Class B shares, will get a dividend payment of $78 million. Amazon's largest share repurchase, in 2022, was for up to $10 billion.
Persons: Sundar Pichai, Pichai, Sergey Brin, Larry Page Organizations: Google, Investors, Meta, Amazon Locations: Washington ,
Federal regulators have discovered fragments of bird flu virus in roughly 20 percent of retail milk samples tested in a nationally representative study, the Food and Drug Administration said in an online update on Thursday. Samples from parts of the country that are known to have dairy herds infected with the virus were more likely to test positive, the agency said. Regulators said that there is no evidence that this milk poses a danger to consumers or that live virus is present in the milk on store shelves, an assessment public health experts have agreed with. But finding traces of the virus in such a high share of samples from around the country is the strongest signal yet that the bird flu outbreak in dairy cows is more extensive than the official tally of 33 infected herds across eight states. “It suggests that there is a whole lot of this virus out there,” said Richard Webby, a virologist and influenza expert at St. Jude Children’s Research Hospital.
Persons: , Richard Webby, Jude Children’s Organizations: Food and Drug Administration, Regulators, St, Jude Children’s Research
Read previewI never even thought you could — or should — cook a nice steak in the air fryer, but Gordon Ramsay's coffee-and-chili-rubbed rib-eye recipe has totally proved me wrong. Chelsea DavisI combined ground coffee, ancho chili powder, paprika, dark-brown sugar, salt, pepper, ground coriander, ground mustard, ground ginger, and dried oregano. Ramsay recommends letting the steak sit for 15 minutes with the rub onI let my steak sit and soak up the seasoning for about 15 minutes. I heated the air fryer to 390 degrees Fahrenheit and tried to cook my steak to a medium finishThe steak fit snugly in my air fryer. Chelsea DavisI slightly sprayed the basket with oil and cooked the steak for 10 minutes on each side.
Persons: , fryer, Gordon Ramsay's, Chelsea Davis, Ramsay Organizations: Service, Business Locations: Aleppo, cayenne
Merck on Thursday reported first-quarter revenue and adjusted earnings that topped expectations as it posted strong sales of its blockbuster cancer drug Keytruda and vaccine products. The pharmaceutical giant also raised and narrowed its full-year revenue and adjusted earnings forecasts. Merck now expects 2024 sales to come in between $63.1 billion and $64.3 billion, up from previous guidance of $62.7 to $64.2 billion. That outlook includes a one-time charge of roughly 26 cents per share related to Merck's acquisition of Harpoon Therapeutics in January. Merck raked in $15.78 billion in revenue for the quarter, up 9% from the same period a year ago.
Persons: Merck Organizations: Merck, Harpoon Therapeutics, LSEG Locations: Rahway , New Jersey, U.S
Sometimes, even Tory Burch has a hard time believing the success she's had. Burch told the audience that she wouldn't have achieved her success without a healthy dose of resilience. "You have to have conviction and a vision and not deviate from that, but also be able to move into the current," she said. Burch has made an effort to infuse resilience directly into the bones of her company. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.
Persons: Tory Burch, she's, I'm, Burch, wouldn't Organizations: CNBC
If Nemat Shafik, the president of Columbia University, has convinced the world of anything during these last several calamitous days, it is almost certainly that there is no position in American executive life as thankless, as depleting or less enviable than running a major academic institution in an age of chronic, reflexive agitation. Criticized for capitulating to congressional Republicans in a hearing on antisemitism last week, she quickly found she had not been nearly ingratiating enough. “There is a pretty broad consensus that bringing in the police was precipitous and counterproductive,” Christopher Brown, a history professor who spoke at the rally, told me. In the spring of 1968, Columbia’s president, Grayson Kirk, rarely depicted without a pipe, moved in comparatively slow motion in response to unrest that had become an inflection point in the wave of campus activism that was redirecting history. Within days, students had occupied five buildings, seized the president’s office and taken Dean Henry Coleman hostage, holding him in his office for 26 hours.
Persons: Nemat, capitulating, Shafik, ” Christopher Brown, , Grayson Kirk, Dean Henry Coleman Organizations: Columbia University, Republicans, Columbia, Barnard, New York Police Department Locations: Vietnam, Harlem
What to Know About Venice’s Fees for Day Trips
  + stars: | 2024-04-25 | by ( Elisabetta Povoledo | ) www.nytimes.com   time to read: +1 min
After years of debate, Venice on Thursday will begin charging day visitors five euros to visit its fragile historic center on peak days, making it the first city in the world to adopt such a measure to counter overtourism. Critics question whether a nominal fee will put people off from visiting one of the world’s most desired destinations. But officials hope that it might encourage some to rethink their plans and decide to come on weekdays or in the off-season. About half of those visitors came only for the day, city officials said. The spirit of the initiative, city officials have said, is to make people aware of the uniqueness — and fragility — of Venice.
Persons: Nicola Camatti Organizations: Foscari University of Venice Locations: Venice
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