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☆ Middle-class Americans are falling behind
▼ + stars: | 2024-06-06 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

Middle-class income growth has lagged behind that of the upper class since 1970, according to a Pew Research Center report published May 31. There are signs that middle-class Americans are dialing back their spending. Fast food joints, a mainstay dining destination for middle-income consumers, are leaning into discounts to placate frustrated diners. Kohl’s that same month reported weak first-quarter results, underlining how middle-income consumers are pulling back spending on non-essential clothing and discretionary merchandise at department stores. Economic growth has been anemic in recent years, squeezing living standards and starving public services of funds.

Persons: ”, Jennifer Jones Austin, Thomas Kingsbury, Narendra Modi, Diksha Madhok, Peeyush Mittal, Modi, ” Shilan Shah, ” Read, Hanna Ziady, Rishi Sunak, Sunak, Keir Starmer, Tony Blair, Starmer Organizations: CNN Business, Bell, New York CNN, Pew Research, Living Coalition, Data, Bureau of Labor Statistics, Matthews Asia, Bharatiya Janata Party, BJP, Capital Economics, Conservative Party of, European Union, Labour Party, National Health Service, Labour, Conservative Party Locations: New York, India’s, India, United Kingdom, China, San Francisco, Beijing, Washington, Ukraine

☆ ‘It’s Not 2016 Anymore’: Trump Finds Friends in Silicon Valley
▼ + stars: | 2024-06-06 | by ( Theodore Schleifer | ) www.nytimes.com time to read: +1 min

Soon, the three Republicans — Mr. Vance, Mr. Trump Jr. and Mr. Vance’s friend, David Sacks, the Silicon Valley entrepreneur — were getting to know one another for a half-hour or so in a private dining room of the Conrad Hotel. It was there, at that impromptu post-dinner hang hours after Mr. Trump became the presumptive Republican nominee, that Mr. Sacks signaled that he was all-in for Trump 2024. On Thursday evening, this time on his own California turf, it will be Mr. Sacks’s turn to host Team Trump. The former president himself is flying to San Francisco to attend a fund-raiser at Mr. Sacks’s $20 million home on the toniest street in the city’s tony Pacific Heights neighborhood. The private event, the first campaign fund-raiser since Mr. Trump’s criminal conviction last week, is expected to raise north of $12 million, according to people involved in the gathering.

Persons: J.D, Vance, Donald Trump Jr, — Mr, Trump, Vance’s, David Sacks, —, Conrad, Sacks, Sacks’s Organizations: Republican, Trump Jr, Trump, Team Trump, tony Locations: Ohio, California, San Francisco, Heights

☆ United States cricket team scores major upset over Pakistan in T20 World Cup
▼ + stars: | 2024-06-06 | by ( David Close | ) edition.cnn.com time to read: +2 min

CNN —The US cricket team orchestrated a shocking defeat of powerhouse Pakistan following a dramatic Super Over victory at the Men’s T20 Cricket World Cup on Thursday in Dallas. The United States is co-hosting the World Cup for the first time, along with the West Indies. Fans react after a boundary hit by Pakistan batsman during the ICC Men's T20 World Cup cricket match between United States and Pakistan at the Grand Prairie Stadium in Grand Prairie, Texas, Thursday, June 6, 2024. United States' Aaron Jones plays a shot in Super Over during the ICC Men's T20 World Cup cricket match between United States and Pakistan at the Grand Prairie Stadium in Grand Prairie, Texas, Thursday, June 6, 2024. Tony Gutierrez/APIndia, who are also in Group A, are one of the favorites to win the 2024 T20 Cricket World Cup.

Persons: Nitish Kumar, Tony Gutierrez, Netravalkar, Monank Patel, “, ” Patel, Aaron Jones Organizations: CNN, US, USA Cricket, West, Prairie Cricket, Pakistan, ICC, USA, United, Canada, AP Locations: Pakistan, Dallas, United States, West Indies, Grand Prairie , Texas, AP India, India, New York, Ireland

☆ Copa America stadiums and host cities guide: What to know, food, drinks, trivia and transportation
▼ + stars: | 2024-06-05 | by ( Elias Burke | ) www.nytimes.com time to read: +28 min

How to get there using public transportation: CapMetro, the public transportation provider in Austin, increases service on matchdays and the stadium is generally accessible from most parts of the city. How to get there using public transportation: MARTA, a city-wide rail and bus system, provides two stops on the stadium’s doorstep. @ArrowheadEats is a useful resource on X that tracks all the newest and tastiest options at the Kansas City stadium. How to get there using public transportation: There is no public transportation system to the stadium, so you will need to drive or take a taxi. How to get there using public transportation: Unfortunately, there is little infrastructure to service fans planning to visit the stadium on public transportation.

Persons: Christen Press, Franklin, Matt’s El, won’t, Tom Brady, Gamechanger, Kevin Gillespie, Kanye, West, Lars Magnus Ericsson, Aaron Rodgers, Jerry World, Jerry Jones, Ezequiel Lavezzi, Gonzalo Higuain, Lionel Messi, Ronnie Killen, Hugo’s, Michael Jackson, Jackson, Kauffman, Alex Abnos, you’ve, Guy Fieri, Motley, mixologist Tony Abou, Ganim, Mary, Silver, margarita, Casamigos, Jack, Darren Aronofsky, Wilkinson Sejour, you’re, Pope John Paul II, Borussia, Taylor, John Bradford Organizations: Copa America, Argentina, Mercedes, Benz, Atlanta Falcons, Copa, The Athletic, Austin FC, Angel, Christen, Crown Royal, Amazon, Hopsquad, Metro Red, Atlanta, New England Patriots, LA Rams, Falcons, Kanye West, Georgia Aquarium, Breeze, Philips Arena, CNN Center Station, Canada, United States, Bank of America, Carolina Panthers, Charlotte FC, Ericsson, Bluetooth, Good Samaritan, NASCAR, of Fame, Tours, Stonewall, T, Dallas Cowboys, Packers, Pittsburgh Steelers, Victory Station, Centrepoint, Bolivia, Houston Texans, NFL, Copa America Centenario, Houston Livestock, Astros, Houston’s MLB, Baltimore Orioles, METRORail, NRG, Kansas City Chiefs, Super Bowl, Arrowhead, Kansas City, Chiefs, Oakland Raiders, Seattle Seahawks, MLB, Kauffman, KC Royals, Tampa Bay Rays, Royals, Sporting Kansas City, U.S, MLS, El Capitan, LA Chargers, SoFi, LAX, Getty Center, Universal Studios, Line, Lennox Station, Metro, Express, Las Vegas Raiders, UNLV Rebels, Food Network, Miami Dolphins, Miami Hurricanes, America, Miami Gardens ., South, South Florida Tequesta, Orange Bowl, Miami Carol City, Panama, MetLife, NY Giants, NY Jets, Chelsea, New, NJ, Penn, SEC ”, Inter, Co, Orlando City, Orlando, La Liga club Atletico Madrid ., Stoke, Iron Lion, Borussia Dortmund’s, Disney World, Hogwarts Express, Disney, Star, Hollywood Studios, Falcon, Arizona Cardinals, College Football National, Funk, Brewery, Farm, Cardinals, Costa Rica, San Francisco, Denver Broncos, Scratch, Levi’s, Intel, Great America, VTA Locations: Canada, Atlanta, United States, Copa America, Austin , Texas, USWNT, Nigeria, Texas, Czech, Bulleit, Austin, Celis, matchdays, Venezuela, Jamaica, Costa Rica, Paraguay, Atlanta , Georgia, Argentina, Panama, United, Charlotte, North Carolina, Swedish, American, Arlington , Texas, Arlington, Dallas, Irving, Peru, Chile, States, Houston , Texas, . El, Mexico, Fannin, Colombia, , Kansas City , Missouri, Kansas, Kansas City, Arrowhead, Athletic’s, Uruguay, Mercy, , Kansas City , Kansas, America, Inglewood , California, Inglewood, Los Angeles, Santa Monica, Venice, La Fonda, LA, Hawthorne, Lennox, Brazil, Paradise, Nevada, Vegas, Ecuador, Miami, Florida, Miami Gardens, Versailles, South Florida, East Rutherford , New Jersey, New York City, Secaucus, Bolivia, Orlando, Glendale , Arizona, Arizona, Glendale, Phoenix, Costa, Santa Clara , California, San Francisco 49ers, San Francisco, California’s, Great, Levi’s, Lick

☆ How a humble Indian fabric became a symbol of luxury in 1960s America
▼ + stars: | 2024-06-05 | by ( Christy Choi | ) edition.cnn.com time to read: +9 min

But this staple of preppy American fashion has humble origins, far from Martha’s Vineyard or the hallways of Yale or Harvard, in Chennai, India, the coastal city from which it takes its name. Krishnan Nair,” a biography of the Indian textile magnate and hotelier who first sold Jacobson the madras, in a video interview with CNN. From Chennai to shores of the CaribbeanFort St. George was established in the 1630s, helping the British cement a monopoly on the highly lucrative Indian textile industry. Research by the London School of Economics estimates that Indian cotton textiles, which were often exchanged for slaves, accounted for 30% of the total export value of 18th century Anglo-African trade. A madras fabric weaving workshop in Chennai, the Indian city once known as Madras, circa 1990.

Persons: Lisa Birnbach’s “, Ralph Lauren, Brooks, William Jacobson, ”, Bachi Karkaria, Captain C.P, Krishnan Nair, Jacobson, Tony Cenicola, Karkaria, — Nair, “, ’, David Ogilvy, Leonard McCombe, Nair, Ogilvy, Elihu Yale, George, Hathaway, India Madras ”, Eli Yale, King George I, Hathaway Yale, Yale, Kai Toussaint Marcel, Marcel, Tommy Hillfiger, Kimberly M, Jenkins, Patrick Horvais, madras “ Organizations: CNN, Brooks Brothers, Yale, Harvard, New York Times, Milton Academy, madras, Ivy League, East, Yale College, Yale University, Yale . Yale, East India Company, Metropolitan Museum of Art, Parsons School of, London School of, Princeton, Miss College, Sports Locations: madras, Bahamas, Chennai, India, Madras, West Africa, Milton , Massachusetts, superstardom, East India, Fort St, India Madras, Scottish, North Africa, Nigeria, America, Caribbean, St, West Indies, England, France, New Orleans, East Coast, Bermuda, madras Bermuda, Rhode Island, Newport, South Florida, Palm, Fisher

☆ The withdrawal risk of quitting antidepressants
▼ + stars: | 2024-06-05 | by ( Kristen Rogers | ) edition.cnn.com time to read: +7 min

Roughly 15% of participants who discontinued antidepressants experienced withdrawal symptoms such as dizziness, headaches, nausea, insomnia and irritability, according to the review published Wednesday in the journal The Lancet Psychiatry. The review is the first publication of a larger project on antidepressant withdrawal symptoms, the authors said. The authors also discovered the medications most often linked with withdrawal symptoms were desvenlafaxine, venlafaxine, imipramine and escitalopram. The rate of withdrawal symptoms in pharma-funded studies was about the same as trials not funded by pharmaceutical companies. The study didn’t provide information on the duration of withdrawal symptoms, but other research suggests they can last for up to two weeks in most cases, Keedwell said.

Persons: ”, Jonathan Henssler, ” Henssler, Sameer Jauhar, Jauhar wasn’t, ” Jauhar, Christiaan Vinkers, weren’t, Tony Kendrick, “, ” Kendrick, Henssler, Jauhar, Oliver Howes, Howes wasn’t, Paul Keedwell, wasn’t, Keedwell, ” Keedwell Organizations: Lifeline, CNN, neurosciences, Charité — University Medicine, King’s College London, Pharmaceutical, pharma, Amsterdam University Medical Center, University of Southampton, Cleveland Clinic, Royal College of Psychiatrists Locations: United Kingdom, Berlin, England

☆ Apple TV+ is making a big brand partnerships hire as it warms up to advertising
▼ + stars: | 2024-06-05 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

Read previewApple has made a big brand-partnerships hire who will work across its Apple TV+ entertainment business, a sign that it's serious about becoming a bigger advertising company. Lewinsky's role at Apple is expected to resemble that of Mahta Eghbali, who led copromotions for Apple TV+ films, TV, and sports and who left the company in 2023. Industry sources who work in branded entertainment said Apple TV+ has been stepping up efforts to use brands to promote its entertainment. Apple TV+ doesn't have an ad tier, but it's made a handful of hires from the TV business that have fueled speculation that it plans to introduce one, despite its long-held stance on customer privacy. Apple TV+ also recently hired a marketing vet, Tony Trujillo, to run marketing partnerships.

Persons: —, Mike Lewinsky, Eghbali, Lewinsky, Monica Lewinsky, Barbie, merch, Ted Lasso, It's, Lauren Anderson, Magno Herran, it's, Ricky Strauss, Chris Van Amburg, JP Richards, Tony Trujillo Organizations: Service, Apple, Endeavor, InBev, DP, Marriott International, Visa, Business, Creative Artists Agency, Entertainment Media Ventures, Nike, Tandem, Amazon MGM, Netflix, Lacoste Locations: 160over90

☆ Signs are pointing to a Nike rebound. How to play it using options
▼ + stars: | 2024-06-05 | by ( Tony Zhang | ) www.cnbc.com time to read: +2 min

Nike (NKE) is underperforming the market and its sector since mid 2021. With valuations near its historical lows and the potential for China growth to rebound, it is time for investors to start paying attention to Nike again. The trade Options on NKE are expensive now with implied volatility on the higher end of the range. DISCLOSURES: (Long Nike) THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: NKE, I'm Organizations: Nike Locations: China

Hunter Biden, son of U.S. President Joe Biden, arrives at the federal court on the opening day of his trial on criminal gun charges in Wilmington, Delaware, U.S., June 3, 2024. Top House Republicans on Wednesday sent criminal referrals to the Justice Department recommending President Joe Biden's son Hunter Biden and brother James Biden be charged with making false statements to Congress. In his prepared opening statement at the deposition, Hunter Biden pushed back at the basis of the committee's impeachment inquiry. NBC News has reached out to the Justice Department and a representative of James Biden for comment. Hunter Biden and his attorney were in court in Wilmington and could not immediately be reached.

Persons: Hunter Biden, Joe Biden, James Comer, Jim Jordan, Jason Smith, Hunter, James Biden, Donald Trump, General Merrick Garland, David Weiss, Weiss, Joe Biden's, Robert K, Hur, Mike Johnson, Biden, he'd, Hunter Biden's, Tony Bobulinski, Abbe Lowell Organizations: Committee, Top, Republicans, Wednesday, Justice Department, Rep, GOP, NBC Locations: Wilmington , Delaware, U.S, Ohio, New York, Delaware, Washington ,, Wilmington

☆ 'The Traitors' season 3 cast includes Queen Elizabeth's cousin, Zac Efron's brother, Britney Spears' ex-husband, and more — see the full cast
▼ + stars: | 2024-06-05 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +5 min

It became the most-watched reality series in the streamer's history and spawned some instantly classic memes, largely courtesy of "Real Housewives" star Phaedra Parks. Britney HaynesBritney Haynes was a houseguest on "Big Brother" season 12, "Big Brother" season 14, and "Big Brother: Reindeer Games." Chanel AyanChanel Ayan stars on "The Real Housewives of Dubai." Bravo/Getty ImagesKnown for: "The Real Housewives of Dubai"Follow her on Instagram here. Gilbert Flores/Variety via Getty ImagesKnown for: "Down to Earth with Zac Efron" (and being Zac Efron's brother)Follow him on Instagram here.

Persons: —, Peacock, Dan Gheesling, Su, Tom Sandoval, Lord Ivar Mountbatten, Queen Elizabeth, Jeremy Collins, there's, Zac Efron's, Dylan Efron, Britney Spears, Sam Asghari, Phaedra Parks, Bob Harper Bob Barker, Bob, Bob the, Charley Gallay, Britney Haynes Britney Haynes, Sonja Flemming, Carolyn Wiger Carolyn Wiger, Robert Voets, Chanel Ayan Chanel Ayan, Ciara Miller Ciara Miller, ", Danielle Reyes Sonja Flemming, Dolores Catania Dolores Catania, Evan Agostini, Johnny Nunez, Dylan Efron Dylan Efron, Gilbert Flores, Zac Efron, Gabby Windey, Craig Sjodin, Jeremy Collins Jeremy Collins, Ivar Mountbatten Lord Ivar Mountbatten, David M, Nikki Garcia Nikki Bella, Rob Mariano Rob Mariano, Timothy Kuratek, Robyn Dixon Robyn Dixon, Rich Polk, Sam Asghari Britney Spears, Kevin Winter, Tom Sandoval Tom Sandoval, Ariana Madix's, Tony Vlachos Tony Vlachos, Wells Adams Wells Adams, Nick Agro Organizations: Service, Business, Getty, CBS, Housewives of, Netflix, Housewives, New, Los Angeles, Variety, ABC, Survivor, Bravo Locations: Housewives of Dubai, Jersey, New York, Cambodia, BravoCon

☆ UK general election: Why the economy is the key issue
▼ + stars: | 2024-06-04 | by ( Hanna Ziady | ) edition.cnn.com time to read: +7 min

Sunak will likely point to falling inflation and a strengthening economy as proof that his plan to “restore economic stability” is working. Here’s what data shows has happened to wages, living standards, the value of the pound, house prices and waiting times for medical treatment on the NHS. “Poor income growth has been an unfortunate feature of economic life in the UK over the last 15 years. On average, households now spend more than 29% of their after-tax income on rent, up from 24% in 2010, according to Zoopla, a property company. NHS waiting lists have grown steadily since the onset of the Covid-19 pandemic, contributing to worker shortages in the UK.

Persons: Rishi Sunak, Keir Starmer, Tony Blair, Sunak, YouGov, Labour Party Keir Starmer, Jeff J Mitchell, Alastair Grant, Tom Waters, “, —, Nick Ridpath, Liz Truss, “ Brexit, Clare Lombardelli, Brexit Organizations: London CNN, Conservative Party of, European Union, Labour Party, Labour, National Health Service, Conservatives, Britain's, Institute for Fiscal Studies, Conservative, Bank of England, Office, National Statistics, NHS Locations: Ukraine, United Kingdom, “, United States, Germany, Britain, England

☆ Things may not be going to plan at Nusantara, the $35 billion capital city Indonesia is building from scratch
▼ + stars: | 2024-06-04 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

Indonesia is building a new capital from scratch, with Jakarta threatened by rising sea levels. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIndonesia's plans to build a new capital city from scratch have been hit by the unexpected resignation of the two top officials overseeing the project. Bambang Susantono and his deputy Dhony Rahajoe both quit their roles at the Nusantara Capital City Authority on Monday, outlets including Reuters reported. This story is available exclusively to Business Insider subscribers.

Persons: Tony Blair, —, Bambang Susantono, Dhony Rahajoe, Pratikno, Joko Widodo Organizations: Nusantara, Service, Nusantara Capital, Authority, Reuters, Asia News Network, Business Locations: Indonesia, Jakarta

☆ Three Trump allies charged in Wisconsin fake elector scheme
▼ + stars: | 2024-06-04 | by ( Hannah Rabinowitz | Zachary Cohen | ) edition.cnn.com time to read: +5 min

Wisconsin is the latest state to bring charges against people connected to the former president involved in the broad effort to overturn the presidential election results. “We hereby reaffirm that Joseph R. Biden, Jr. won the 2020 presidential election and that we were not the duly elected presidential electors for the State of Wisconsin for the 2020 presidential election,” a portion of their statement said. “We oppose any attempt to undermine the public’s faith in the ultimate results of the 2020 presidential election.”Chesebro was previously charged, and pleaded guilty, in the Georgia probe. This undercut his testimony to state prosecutors in which he said the fake electors were contingent on winning the litigation. Chesebro discussed the episode with Wisconsin investigators when he sat for an interview as part of the attorney general’s probe into the fake electors plot.

Persons: Donald Trump, Kenneth Chesebro, Jim Troupis, Michael Roman, Tony Evers, ”, Chesebro, CNN’s KFile, Joe Biden’s, Trump, “, Joseph R, Biden, Jr, ” Chesebro, Jack, Trump . Roman, Troupis, Mike Pence, CNN’s Marshall Cohen, Katelyn Polantz, Alison Main Organizations: CNN, Trump, Troupis, Democratic Wisconsin Gov, ” CNN, State, Trump ., White, Wisconsin, Wisconsin GOP Locations: Wisconsin, Michigan , Arizona , Nevada, Georgia, ”, Arizona, Michigan, Washington, DC, Milwaukee

☆ Trump ally Nigel Farage's return could be an 'extinction event' for the Conservatives ahead of UK election
▼ + stars: | 2024-06-04 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

Honorary President of the Britain's right-wing populist party Reform UK and newly appointed leader Nigel Farage speaks during a campaign meeting, on June 3, 2024, ahead of the UK general election of July 4. Nigel Farage on June 3, 2024 said he would stand as a candidate for the anti-immigration Reform UK party at the UK general election next month, after initially ruling out running. LONDON — The shock return of Brexit figurehead Nigel Farage to the political fray could be the final nail in the coffin for Prime Minister Rishi Sunak's ruling Conservative Party ahead of its almost certain defeat in the upcoming U.K. elections. But, critically, it threatens to deprive key votes from the Conservatives, who are already trailing opposition Labour in the polls by a dramatic margin. "Even if Reform don't win seats, they'll drain key votes away from the Conservatives," Olivia O'Sullivan, director of Chatham House's U.K. in the World programme, told CNBC over the phone.

Persons: Nigel Farage, Rishi Sunak's, Farage, Donald Trump, —, Olivia O'Sullivan, Tony Blair's, Keir Starmer, Tony Travers Organizations: Reform UK, UK, Conservative Party, U.S, Reform, Brexit Party, Conservatives, Labour, Chatham House's, CNBC, London School of Economics, Party Locations: Clacton, England

After the Trump verdict, what word describes how you feel about Donald Trump? After the Trump verdict, what word describes how you feel about Donald Trump? None said they were now definitely Biden voters, though notably, several said Mr. Trump had lost their vote or that they were more inclined to Mr. Biden. Others thought Democrats pushed these felony charges to help Mr. Biden politically, saying that the Biden campaign was trying to exploit the verdict. Character and integrity mattered for the presidency, and disgust with Mr. Trump could tip the scales for some of them in the end.

Persons: Trump, Donald Trump, Frank Luntz, Biden, Robert F, Kennedy Jr, Hillary Clinton, didn’t, –, Hilary, “, Tony Soprano, Trump’s Organizations: Biden, White Locations: California

☆ Riyadh Air operating at 'absolute breakneck speed,' CEO says
▼ + stars: | 2024-06-03 | 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 EmailRiyadh Air operating at 'absolute breakneck speed,' CEO saysTony Douglas, CEO of Riyadh Air, discusses the airline's outlook for 2024.

Persons: Tony Douglas Organizations: Riyadh Air Locations: Riyadh

☆ Bitcoin billionaire Michael Saylor settles DC tax fraud case for $40 million
▼ + stars: | 2024-06-03 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Billionaire bitcoin investor Michael Saylor and the company he founded, MicroStrategy , will pay $40 million to settle a tax fraud lawsuit brought by the Washington D.C. Attorney General, the AG's office announced Monday. The D.C. attorney general charged both Saylor and MicroStrategy with tax evasion, claiming that the company helped its founder disguise his D.C. residency so that he could avoid paying higher income taxes. MicroStrategy also allegedly failed to pay the corporate taxes required for a company employing D.C. residents, of which Saylor was only one of several. The original suit against Saylor was brought in 2022 by former D.C. attorney general Karl Racine. From 2006 to 2008, Saylor bought three luxury D.C. condos that he later renovated into a single complex that he called the "Trigate."

Persons: Michael Saylor, Saylor, Brian Schwalb, MicroStrategy, Karl Racine, Adams Morgan, James, Tony Stark Organizations: Washington D.C, Nasdaq, Forbes, District of Columbia Locations: District, Columbia, Florida, Virginia, Washington, Georgetown, Potomac, Saylor, Georgetown's, Adams

☆ Marriott CEO: Resilience in luxury travel has been one of the real bright spots in travel recovery
▼ + stars: | 2024-06-03 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarriott CEO: Resilience in luxury travel has been one of the real bright spots in travel recoveryMarriott president and CEO Tony Capuano joins 'Squawk Box' to discuss this year's summer travel trends, the impact of inflation, state of luxury and business travel, international travel demand, and more.

Persons: Tony Capuano Organizations: Marriott

☆ Currencies tread cautiously after U.S. inflation report, focus on ECB
▼ + stars: | 2024-06-03 | by ( ) www.cnbc.com time to read: +3 min

The dollar posted its first monthly decline of the year in May, weighed down by shifting expectations on when the U.S. central bank will cut rates and by how much. Traders are now pricing in about a 53% chance of a rate cut in September, versus about 49% before the report. The dollar index , which measures the U.S. currency against six rivals, was 0.067% lower at 104.51 on Monday. Sterling was 0.04% higher at $1.27475, while the euro last fetched $1.085325 ahead of the European Central Bank policy meeting on Thursday when the central bank is seen as almost certain to cut rates. The comments from ECB officials will be in focus for traders along with economic projections as they assess whether the central bank will provide further cuts after Thursday in the wake of data showing a rise in euro zone inflation in May.

Persons: Brian Jacobsen, Sterling, Chris Weston, Tony Sycamore, Sycamore Organizations: Federal Reserve, Traders, Annex Wealth Management, European Central Bank, ECB, Japan's Ministry of Finance, U.S, IG Locations: Buenos Aires, Argentina, U.S, Tokyo

☆ Mexico holds historic election in race largely overshadowed by violence
▼ + stars: | 2024-06-02 | by ( ) www.cnbc.com time to read: +4 min

Former Mexico City mayor Claudia Sheinbaum speaks after being named presidential candidate of the ruling Morena party for next year's presidential election in Mexico City on September 6, 2023. Voters in Mexico are participating in the country's largest election ever — casting votes Sunday to fill more than 20,000 local, state and federal positions and almost certainly elect their first female president. But rampant violence has marred the road toward one of the most consequential elections in Mexico's history. Violence against political figures has also persisted throughout this election cycle, resulting in a 150% increase in the number of victims of political violence since 2021, according to an analysis from Integralia, a public affairs consulting firm that researches political risk and other issues in Mexico. These have greatly dismayed Mexican voters, leading most of them to cite security as a top issue of concern.

Persons: Claudia Sheinbaum, Xóchitl, Jorge Álvarez Máynez, Andrés Manuel López Obrador, López Obrador, Tony Payan, Lopez Obrador, Mexico's Organizations: Mexico City, Voters, Mexico's National Institute of Statistics, Broad, Citizen, Center, U.S, Rice, Baker Institute for Public, National Action Party, PAN, Democratic Revolution Party, Institutional Revolutionary Party, — Locations: Mexico City, Mexico, U.S, Morena, Mexican, United States

☆ 'Hacks' Stars on Playing Deborah Vance's Most Devoted Associates
▼ + stars: | 2024-06-01 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +11 min

Stand-up comedian Deborah Vance (Jean Smart) has finally hit it big in the wake of her comedy special. That means ending their long-standing professional relationship and coming to terms with the way Deborah has treated him as a business partner and one of her most ardent fans. Toward the end of the season, when he decides to step away from Deborah, what's going through his head? It feels really, really safe. I've said this before, but if you're not a queer person on "Hacks," you're an ally in every sense of the word.

Persons: Deborah Vance, Jean Smart, Ava, Hannah Einbinder, Deborah, Marcus, Carl Clemons, Hopkins, Damien, Mark Indelicato, Deborah's, Clemons, —, Indelicato, Hilary Bronwyn Gayle, Max Marcus, Tony, Tony Hale, Gary, Damien's, there's, Jake Giles Netter, Carl, Deborah —, he's, what's, Deborah Vance Inc, Vance, Max I'm, We're, it's, Lucia, Jen, Paul, we're, Max, That's, Hunter Green, that's, It's, Betty, I've Organizations: Service, Business, BI, Hopkins Locations: Deborah's, Deborah

☆ The $35 eye mask the multimillionaire XPrize founder swears by for better sleep
▼ + stars: | 2024-06-01 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +1 min

XPrize founder Peter Diamandis wants to live as long as possible in good health. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The XPrize founder says he's jetted down to Panama City for pricey stem cell injections in his knee and his shoulder, and he uses high-end supplements for muscle-building. In 2023, he announced a $101 million XPrize competition designed to find interventions that will help people live 10 extra healthy years. This story is available exclusively to Business Insider subscribers.

Persons: Peter Diamandis, —, Peter Diamandis isn't, he's, He's, Tony Robbins Organizations: Service, Panama City, Business Locations: Panama

☆ Goldman Sachs Tony Pasquariello: Magnitude of Nvidia's rise invites questions of sustainability
▼ + stars: | 2024-05-31 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoldman Sachs Tony Pasquariello: Magnitude of Nvidia's rise invites questions of sustainabilityTony Pasquariello, Goldman Sachs, joins 'Closing Bell' to discuss stocks, Nvidia's rapid growth and the Fed.

Persons: Goldman Sachs Tony Pasquariello, Tony Pasquariello, Goldman Sachs

☆ Dollar ascendant as surging U.S. yields spur demand for safe havens
▼ + stars: | 2024-05-30 | by ( ) www.cnbc.com time to read: +2 min

U.S. one hundred dollar bills are being shown in this picture illustration taken in Buenos Aires, Argentina, on Dec. 15, 2023. The dollar soared to a two-week high against its major peers on Thursday, as a rout in Treasuries improved the currency's allure due to both higher U.S. yields and demand for safe haven assets. The bond market rout has spooked investors, with equities globally sliding sharply this week, spurring a rush to the safest assets. The yen , however, climbed off a four-week low of 157.715 per dollar from overnight to last trade at 157.505. "The bond market bogey is well-positioned to wrest deeper control of the broader market, particularly if upcoming growth and inflation data are on the firmer side of the ledger."

Persons: Tony Sycamore Organizations: Ministry of Finance, Bank of Japan, Reserve, IG Locations: Buenos Aires, Argentina, Treasuries, U.S

☆ Singapore pushes for green data centers as growing AI demand strains energy resources
▼ + stars: | 2024-05-30 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

SINGAPORE — Singapore is pushing for green data centers as the explosive demand for artificial intelligence puts a strain on energy resources. The city-state launched a green data center roadmap on Thursday to support its ambitions for the digital economy as demand for AI and computing grows. The roadmap aims to provide at least 300 megawatts of additional capacity in the near term, with more through "green energy deployments." Plans to provide additional data center capacity include raising energy efficiency of all data centers in Singapore, deploying energy-efficient IT equipment as well as offering incentives or grants for resource efficiency. The AI boom has boosted demand for data centers which house large amounts of data required to train and deploy AI models, making them extremely energy intensive.

Persons: Janil Puthucheary, IMDA, Tony Blair Organizations: State for Communications, Media Development Authority, Tony Blair Institute for Global Locations: SINGAPORE — Singapore, Singapore

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