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☆ Panic buying amid U.S. ports strike is creating supermarket supply concerns
▼ + stars: | 2024-10-03 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +4 min

There is no need for panic buying, and we encourage consumers to shop responsibly. Bill Simon, former CEO of Walmart, stressed that panic buying is serious and can have a cascading effect on domestic products. "Panic buying not only impacts the availability of imported products, but domestic products as well as consumers shift their purchase behavior," warned Simon. Walmart and Target did not immediately respond to requests about any panic buying patterns identified at their stores. John Catsimatidis, owner of the NYC super chain Gristedes, said the panic buying is occurring and showing no signs of slowing down.

Persons: Stew Leonard, Jr, Stew Leonard's, restocked, Bill Simon, Simon, John Catsimatidis Organizations: CNBC, Gulf Coasts, National Grocers Association, —, of Commerce, East, National Retail Federation, Walmart, Target, NYC Locations: Gulf Coast, East Coast, Gulf, United States, U.S, Canada, Mexico, East

☆ Justice Department and Microsoft disrupt Russian hacking operations aimed at US officials and civil society
▼ + stars: | 2024-10-03 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +4 min

Washington CNN —The Justice Department and Microsoft on Thursday announced the seizure of more than 100 web domains that a Russian intelligence agency allegedly used to try to hack current and former US officials, civil-society groups and Russians living in the US. It’s the latest in a series of moves from the Justice Department to expose alleged covert Russian operations targeting US democracy in the runup to the 2024 presidential election. The UK government last year accused the same Russian hacking group of conducting a “sustained unsuccessful attempts to interfere in UK political processes” over several years that hacked politicians, civil servants and journalists. The hackers operate on behalf of Russia’s FSB intelligence agency, the prime successor to the Soviet-era KGB, according to US officials. Another FSB-linked hacking group has posed a direct threat to US critical infrastructure by targeting energy facilities, according to US officials.

Persons: Steven Masada, “, ”, John Scott, Natalia Krapiva Organizations: Washington CNN, The Justice Department, Microsoft, Justice Department, CNN, FSB, University of Toronto’s, Russian Embassy Locations: Russian, Ukraine, United Kingdom, Eastern Europe, United States, Washington ,

☆ Caitlin Clark caps remarkable season with near unanimous WNBA Rookie of the Year honor
▼ + stars: | 2024-10-03 | by ( David Close | ) edition.cnn.com time to read: +3 min

CNN —After an outstanding season in which she undoubtedly exceeded lofty expectations following a historic career at the University of Iowa, Caitlin Clark was named the 2024 WNBA Rookie of the Year in a near-unanimous vote. She became the WNBA single-season assists record holder (337), an accomplishment which included a league-record 19 assists in one game. Her 8.4 assists per game average is also a WNBA record. Clark also became the first rookie to record a triple-double and holds the record for most three-pointers made (122) by a rookie in league history. Iowa's Caitlin Clark (No.

Persons: Caitlin Clark, Clark, Angel Reese, ingle, eason ➡ ️, —, eason, ake, ear. Organizations: CNN, University of Iowa, Indiana, WNBA, Chicago, ust, ince, CAA

☆ How Trump consolidated control over his party and right-wing media in a ‘cloud of confusion’
▼ + stars: | 2024-10-03 | by ( Brian Stelter | ) edition.cnn.com time to read: +7 min

The filing emphasizes Trump’s fake electors plot and describes the former president’s attempts to sow confusion in the aftermath of the election. The following is adapted from the newly expanded paperback edition of “Network of Lies,” my book about the 2020 election and the chaotic aftermath. “Cloud of confusion” was the perfect, succinct summary of the right’s strategy. He is emulating the successful strategy of Vladimir Putin.”The “cloud of confusion” clearly affected some of the people who stormed the Capitol on January 6, 2021. His social media footprint showed how he was radicalized—and how he trusted both Trump and Carlson over reliable sources of news.

Persons: Jack Smith, Donald Trump, Trump, Kenneth Chesebro, ” Chesebro, Jack Smith’s, Biden, Chesebro, Jim Troupis, ”, Mike Pence, MAGA, Sean Hannity, Tucker Carlson, Hannity, Roe, Kamala Harris, Trump’s, Hillary Clinton, John Podesta, “ Trump, ” Trump, “, Vladimir Putin, Daniel Donnelly Jr, —, Carlson, “ Tucker, Donnelly, provocateur, Carlson “, Cheseboro Organizations: CNN, “ Network, Republican, Democratic, WI, Trump, GOP, White, Capitol, Busch, St, Louis Cardinals, Facebook, Fox, NBC Locations: Wisconsin, Ohio, ”, Missouri

Four years earlier, Trump had narrowly carried the Keystone State while losing Latino voters to Hillary Clinton. Biden won Latino voters by 33 points in 2020, while Clinton did so by 38 points. “Today, as of now, I haven’t seen that (from any candidate).”Bethlehem mortgage lender Carmen Dancsecs said she’s worried some Latino voters might stay home come November. Multiple strategies for HarrisThe Harris campaign is pursuing multiple strategies to boost support among Pennsylvania Latino voters in the final weeks ahead of Election Day. Campo helps the Trump campaign canvass Latino neighborhoods, especially in Allentown, speaking with voters about the former president’s platform.

Persons: Pennsylvania CNN — Fresh, Tim Walz, Donald Trump, Marcia Heras, ” Heras, Trump, Kamala Harris, Joe Biden, Hillary Clinton, Harris, Biden, Clinton, Hector Santana, I’m, ” Santana, Carmen Dancsecs, she’s, “, ” Dancsecs, Harris The Harris, ”, Walz, Hurricane Maria, Harrison, ” Walz, “ Hamilton, Anthony Ramos, don’t, Carlos Eduardo Espina, Maria Cardona, it’s, it’s Kamala, ” Trump, – Nicky Jam, Justin Quiles, let’s, ” Anuel, Nicky Jam, Maná, Daniel Campo, Campo, ’ ” Campo, wouldn’t, Trump’s, ” Campo Organizations: Pennsylvania CNN, CNN, Trump, Americans, Pew Research Center, Pennsylvania, Keystone State, NBC News, Telemundo, CNBC, Democratic, Harris The, Puerto Rican, AA, “, Puerto Ricans, Campo Locations: Pennsylvania, Puerto Rican, Minnesota, Ecuador, Allentown, Reading , Pennsylvania, White, Reading, Lancaster, Dominican Republic, “, Bethlehem, Hurricane, San Juan, Johnstown, Puerto, Las, Wilkes, Barre, Venezuelan

☆ Investing giants want to offer retail traders access to a booming sector of financial markets
▼ + stars: | 2024-10-03 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

It would give retail investors access to a $1.7 trillion market. It could be tricky, as private credit tends to be illiquid while ETF investors need high liquidity. According to The Wall Street Journal, some of the biggest private equity and investment management giants want to offer retail investors access to exchange-traded funds backed by private credit. The race to launch private credit ETFs has heated up in recent months. Last month, State Street proposed a private debt ETF to the Securities and Exchange Commission.

Persons: —, Anna Paglia, Paglia, Eric Mogelof Organizations: Service, Wall Street, Apollo Global Management, BlackRock, Capital Group, KKR, Securities and Exchange Commission, Street's

☆ Anonymous celebrity lawsuit asks court to declare sexual assault accuser’s allegations untrue — before she’s even sued
▼ + stars: | 2024-10-03 | by ( Elizabeth Wagmeister | ) edition.cnn.com time to read: +7 min

The plaintiff’s lawsuit, which was filed in mid-September, prompted his accuser to fire back this week, opposing the celebrity’s efforts to stay anonymous. “Our civil court system is designed to resolve disputes and provide injured parties a means of redress,” Roe’s filing states. Doe said that Roe has attempted to extort him for millions of dollars through “untrue, lewd allegations” and “outrageous conduct.”“Defendant’s allegations are not true,” Doe’s lawsuit states. Doe’s suit asks the court to declare Roe’s sexual misconduct allegations untrue, pay compensatory and punitive damages and be prevented from further publicizing the claims. According to Roe’s filing, the celebrity filed his lawsuit after he learned that his accuser was planning to publicly file her own lawsuit, which came after she attempted to settle privately.

Persons: Tennessee ”, she’s, Jane Roe, ”, John Doe ”, Mr, Doe, ’, John Doe, ‘, Jane Roe’s, ” Roe, “, Roe, Joey Jackson, ” Jackson, Douglas H, Wigdor, ” Wigdor Organizations: CNN, Getty Locations: Tennessee, Mississippi, Los Angeles

☆ U.S. bans Chinese firms in Uyghur region as Beijing fights forced labor claims
▼ + stars: | 2024-10-03 | by ( Dylan Butts | ) www.cnbc.com time to read: +3 min

The U.S. has added two new Chinese companies to a Xinjiang trade blacklist over forced labor accusations. The Department of Homeland Security announced on Wednesday that a Chinese steel manufacturer and an artificial sweetener maker would be placed on the Uyghur Forced Labor Prevention Act (UFLPA) Entity List. The list, which now includes 75 entities, bans imports that are made in full or in part in China's Xinjiang Uyghur Region, based on the assumption that forced labor of China's Uyghurs and other ethnic minorities was used in their manufacturing. The European Union has endorsed new laws that will ban products made using forced labor and require big firms to preform human rights and environmental audits on overseas suppliers. Taiwan is also reportedly considering its own bill on forced labor, similar to the UFLPA.

Persons: Robert Silvers, Silvers, Tommy Hilfiger, Calvin Klein, PVH, Lockheed Martin, — CNBC's Evelyn Cheng Organizations: U.S, Beijing, The Department of Homeland Security, Uyghur, Labor, Department of Homeland Security, U.S ., China's Ministry of Commerce, CNBC, Raytheon, The European Union Locations: Xinjiang, China's Xinjiang Uyghur, U.S, China, Beijing, Taiwan

☆ Dating Apps Helped Me Find Love. Now They've Become a Total Scam.
▼ + stars: | 2024-10-03 | by ( Albert Fox Cahn | ) www.businessinsider.com time to read: +22 min

I spent some time alone after things ended, but by the end of 2012, I was ready to re-embrace online dating. Within a few years, my fellow millennials and I were reportedly spending 10 hours a week on dating apps. "Dating apps are designed to be a miserable experience," Stephanie Rodgers, the founder of the forthcoming dating app Verb, said. Increasingly, it feels like dating apps make things more monotonous and cumbersome to incentivize us to pay for upgrades. And while dating apps' cost in terms of harassment, threats, and violence is paid disproportionately by women, its financial cost is disproportionately paid by men.

Persons: —, I've, I'd, it's, undateable, Phil, begrudgingly, Tinder, Charlotte Fox Weber, Weber, Swiping, Koshiro, Stephanie Rodgers, Rodgers, you'll, we're, curt, It's, I'm Organizations: Congressional, New York Times, Harvard Law, Facebook, Match, The League, Upper East, Grand Central Locations: DC, Washington, Western Europe, East, Asia, Raya, Brooklyn, Americas

☆ Starbucks' new CEO wants people to hang out in stores, but some workers say his plan has a big problem
▼ + stars: | 2024-10-03 | by ( Alex Bitter | ) www.businessinsider.com time to read: +7 min

Workers say they're struggling with mobile ordersEven former Starbucks CEO Howard Schultz said in a May LinkedIn post that current Starbucks leadership should "reinvent the mobile ordering and payment platform." "We believe a visit to Starbucks should be effortless and delightful, whether ordering through the Starbucks app or at our stores." Still, some workers — whom the company calls "partners" — have pointed to issues with the mobile ordering system in interviews with BI. Starbucks' rewards program is a big driver of all those digital orders, a partner at a Starbucks store in South Dakota told BI. "They deserve to have that moment where things are corrected and they're leaving happy, but we can't deliver on it always," the partner told BI.

Persons: Brian Niccol, —, Hottovy, Howard Schultz, Niccol Organizations: Starbucks, Business, Service, Workers, LinkedIn, BI Locations: North Carolina, South Dakota, Florida

☆ 40-year-old CEO shares her No. 1 productivity strategy: ‘It’s a lesson I’ve had to learn over time’
▼ + stars: | 2024-10-03 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Blueland CEO Sarah Paiji Yoo says she couldn't do her job without ditching a habit that hindered her first startup: trying too hard to get everything done. Paiji Yoo co-founded Blueland, which makes eco-friendly cleaning and personal care products, in 2019. That company, founded in 2011, was acquired in 2013 by PriceGrabber for an undisclosed sum — and in those two short years, Paiji Yoo found herself gravely overworked, she says. "With my first startup, I was spinning my wheels along," Paiji Yoo, 40, tells CNBC Make It. Limited money, employees, time and resources means there's more to get gone, says Paiji Yoo.

Persons: Sarah Paiji Yoo, Paiji Yoo, PriceGrabber, Paiji, Oliver Burkeman, Leah Smart, we're, Burkeman, Get Organizations: CNBC, Society of Human, Mental Health

☆ Chagos Islands: Britain agrees sovereignty deal with Mauritius
▼ + stars: | 2024-10-03 | by ( Story Reuters | ) edition.cnn.com time to read: +1 min

Reuters —Britain said on Thursday it would give up sovereignty of the Chagos Islands to Mauritius in a deal that would allow people displaced decades ago to return home while London retains use of the UK-US military base on Diego Garcia. Britain said that the operation of Diego Garcia, a strategic military base jointly operated with the United States, was protected by the agreement, which also allows Mauritius to resettle the rest of the islands after its population was displaced. “This government inherited a situation where the long-term, secure operation of the Diego Garcia military base was under threat, with contested sovereignty and ongoing legal challenges,” British Foreign Minister David Lammy said in a statement. “Today’s agreement secures this vital military base for the future. In a joint statement, Britain and Mauritius said that the political agreement had the support and assistance of the United States and India.

Persons: Diego Garcia, Britain, David Lammy, “ Organizations: Reuters Locations: Mauritius, London, United States, British, ” Britain, Ocean, Seychelles, Britain, India

George Gascón, the Los Angeles district attorney, said on Thursday that his office was reviewing a decades-old case involving the brothers Lyle and Erik Menendez, who killed their parents in their Beverly Hills home and were sentenced to life in prison. The case in the 1990s was one of the first to draw a daily national audience to a televised criminal trial. Defense lawyers for the brothers argued that they had been sexually molested for years by their father, and had killed out of fear. Mr. Gascón wouldn’t indicate which way he was leaning, but his remarks indicated that the sex abuse claims are among the aspects his office was reviewing. He said his office was divided over whether the brothers should remain in prison for the rest of their lives.

Persons: George Gascón, Lyle, Erik Menendez, Prosecutors, Gascón Organizations: Beverly Hills Locations: Los Angeles, Beverly

☆ Singapore's disgraced former transport minister jailed for 12 months in landmark case
▼ + stars: | 2024-10-03 | by ( ) www.cnbc.com time to read: +1 min

Former transport minister S. Iswaran walks as he appears at the Supreme Court in Singapore October 3, 2024. The court said Iswaran, 62, would be allowed to remain on bail for the next few days and begin his jail term on Monday. The case has shocked Singapore, which prides itself on having a well-paid and efficient bureaucracy as well as strong and squeaky clean governance. It was among the world's top five least corrupt countries last year, according to Transparency International's corruption perception index. The last corruption case involving a Singaporean minister was in 1986, when its national development minister was investigated for alleged bribery but died before any charges were filed in court.

Persons: Iswaran Locations: Singapore

☆ Louis Vuitton owner LMVH clinches 10-year sponsorship deal with Formula 1
▼ + stars: | 2024-10-03 | by ( ) edition.cnn.com time to read: +1 min

French luxury giant LVMH has struck a 10-year sponsorship deal with Formula 1, covering its Louis Vuitton, Moet Hennessy and TAG Heuer brands and replacing long-time sponsor Rolex, the company announced Wednesday. The sponsorship deal comes into effect in 2025 and marks a fresh push by LVMH into sports. The company, headed by one of the world’s richest men, Bernard Arnault, paid some €150 million ($166 million) to be the premium sponsor of the Paris Olympics. At the Paris Olympics, LVMH and other companies broadened the realm of traditional brand sponsorship, taking part in medals ceremonies, for example. The company’s sponsorship of the Paris Olympics included its jeweler Chaumet, which designed medals for the event, with each containing an original piece of the Eiffel Tower.

Persons: Louis Vuitton, Moet Hennessy, Bernard Arnault, ”, LVMH, Frederic Arnault, ” LVMH, Chaumet Organizations: Louis, TAG, Rolex, Paris Olympics, Paris, Eiffel Locations: Swiss, LVMH

☆ Jeddah Tower: Construction of world’s tallest skyscraper resumes
▼ + stars: | 2024-10-03 | by ( Oscar Holland | ) edition.cnn.com time to read: +5 min

CNN —Construction of Saudi Arabia’s kilometer-high Jeddah Tower, which will become the world’s tallest skyscraper upon completion, has resumed almost seven years after work ground to a halt amid a kingdom-wide anti-corruption purge. His family’s firm, which also owns a stake in the Jeddah Tower project, has been rehired to complete the construction work. Designed for extremesFormerly known as Kingdom Tower, the skyscraper broke ground in 2013 and was initially expected to be completed by 2020. The architect’s Chicago-based practice, Adrian Smith + Gordon Gill, has said the tower’s shape “evokes a bundle of leaves shooting up from the ground.”Work halted on the unfinished Jeddah Tower in 2018. Jeddah Tower will be the crown jewel of a wider 57-million-square-foot, $20-billion development dubbed Jeddah Economic City.

Persons: Prince Mohammed bin Salman’s, JEC, Saudi Prince Alwaleed bin Talal, Alwaleed, “, Bakr, Laden, Osama bin Laden, Adrian Smith, Gordon Gill, Amel, ” Adrian Smith, JEC’s, Hisham Jomah, ”, Jomah Organizations: CNN, Jeddah Economic Company, Saudi, Kingdom Holding Company, ”, Kingdom Holding, Saudi Binladen Group, Newsweek, Maxar, Jeddah Economic Locations: Saudi, Jeddah, Saudi Prince, Dubai, Burj Khalifa, Chicago, Medina, Mecca, “

Compare the Top Credit Cards With Free Airport Lounge AccessCapital One Venture X Rewards Credit Card Apply now lock icon An icon in the shape of lock. Credit Cards with Free Airline Lounge Access ReviewsChase Sapphire Reserve®The Chase Sapphire Reserve® is one of Business Insider's picks for all-around top travel credit cards. Capital One Venture X Rewards Credit CardThe Capital One Venture X Rewards Credit Card is one of the most powerful travel credit cards on the market. One of the Best Credit Cards for Airport Lounges is No Longer Available (But You Can Get it Anyway)The Ritz-Carlton™ Credit Card is perhaps the best travel credit card that isn't on the market. If you request it, Chase can convert your existing Chase-issued Marriott credit card, such as the Marriott Bonvoy Bold® Credit Card or Marriott Bonvoy Boundless® Credit Card , into the Ritz-Carlton Card.

Persons: we've, We've, Chase Travel ℠, Chase, Uber, Wiley, Julie Mehretu, Peacock, Uber Cash, Hilton, that's, Marriott, Regis, Sapphire, John F, Kennedy, Insider's, It's, they'll, you'll, Read, You'll, Conrad, you've, Carlton Card, HBO Max, Insider’s, SYD, Miles, Joseph Hostetler, Joseph, Guy, Angela Fung Organizations: Business, Hilton, Card, Citi ®, Mastercard, Marriott, Alaska Airlines, Capital, One, Chase, Chase Travel, Sapphire, Chase Sapphire, TSA, FDIC, Express, American Express, Saks, American, Entertainment, Disney, ESPN, The New York Times, Street, Walmart, Global, Saks Fifth, Hilton Honors, Elite, Marriott Bonvoy, Ritz, Carlton, TSA PreCheck, Cell, New Hampshire Insurance Company, AIG Company, Delta SkyMiles ®, Delta, Delta Sky Clubs, ®, SkyMiles ®, Delta Sky Club, Delta Sky, U.S, Delta SkyMiles, United, United ®, United Club, American Express Chase, American Express Card, Citi, Centurion, Fort, Dulles, Washington Dulles, Sapphire Reserve, DoorDash, Chase Sapphire Reserve, Lufthansa, Austrian Airlines, Amex, Resorts, Dell, Adobe, Diamond, Waldorf, Aspire, Delta Reserve, Star Alliance, United Airlines, Polaris, United Polaris, The, Premier, Admirals Club, American Airlines, Airlines, Citi AAdvantage, Chase Ritz, Hilton Honors American, Hilton Gold, Gold, Honors American, Online Retail, ℠, NEXUS, EV, Netflix, Hulu, Spotify, Apple Music, HBO, Bank, Sydney, Finance Locations: Hulu, AmexTravel.com, Caribbean, delta.com, Canada, Delta, U.S, Hong Kong, Boston, LaGuardia, Austin, Dallas, Fort Worth, DFW, Denver, Washington, New York, JFK, San Diego, Las Vegas, Phoenix, Philadelphia, Capital, Hilton, Marriott, United, airfare, Airport, Charlotte, Miami, London

☆ Masamitsu Yoshioka, Last Pearl Harbor Bombardier, Dies at 106
▼ + stars: | 2024-10-03 | by ( Sam Roberts | More About Sam Roberts | ) www.nytimes.com time to read: +1 min

Masamitsu Yoshioka, the last known survivor among some 770 crew members who manned the Japanese airborne armada that attacked Pearl Harbor on Dec. 7, 1941, has died. He was 106. His death was announced on social media on Aug. 28 by the Japanese journalist and author Takashi Hayasaki, who spoke with Mr. Yoshioka last year. “When I met him last year, he spoke many valuable words with a dignified presence,” Mr. Hayasaki wrote. “Have Japanese people forgotten something important since the end of the war?

Persons: Masamitsu Yoshioka, Takashi Hayasaki, Yoshioka, ” Mr, Hayasaki, “, ” Locations: Pearl, Adachi, Tokyo, Yasukuni, Hawaii, Japan

☆ Supply chain disruptions could benefit these stocks, Goldman Sachs says
▼ + stars: | 2024-10-03 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Trade tensions, too, have resulted in tariffs and affected world trade in certain goods. The market for companies in this space is driven by the volume of global trade, and this so-called supply chain "complexity," Goldman noted. It sees some stocks as being able to benefit from higher supply chain "complexity." Freight-forwarding firms such as DSV , DHL Forwarding and Kuehne+Nagel are "well-placed to help their clients navigate higher complexity and shocks," Goldman said. Container lines such as Cosco, Maersk and Hapag-Lloyd are less directly exposed to the higher supply chain complexity, said Goldman.

Persons: Goldman Sachs, Goldman, deglobalization, Nagel, Lloyd, — CNBC's Michael Bloom Organizations: U.S ., Logistics & Shipping, Logistics, DHL, Goldman, Express, Fedex, UPS, Maersk, Hapag Locations: U.S . East Coast, Gulf Coast

☆ Amazon could cut 14,000 managers soon and save $3 billion a year, according to Morgan Stanley
▼ + stars: | 2024-10-03 | by ( Eugene Kim | ) www.businessinsider.com time to read: +3 min

Morgan Stanley estimates Amazon can cut 13,834 managers and save roughly $3 billion next year. Morgan Stanley assumed that the cost per manager was $200,000 to $350,000 a year. Based on those numbers, Amazon would stand to save $2.1 billion to $3.6 billion next year if it cut those 13,834 manager roles. Morgan Stanley estimated that the savings would account for roughly 3% to 5% of Amazon's projected operating profit for 2025. AdvertisementStill, Morgan Stanley sees a huge opportunity for Amazon to make itself more efficient with these big moves.

Persons: Morgan Stanley, Andy Jassy, —, Jassy, Morgan Organizations: Service, Amazon, Business

☆ CNBC's Inside India newsletter: The 'sticky' outsourcing firms on the rise
▼ + stars: | 2024-10-03 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

This report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Over the years, the services sector of the Indian economy has grown to account for 45% of total exports, up from 30% a decade ago. The Indian government, meanwhile, has been eager to support the manufacturing sector in creating mass employment, a key economic and political challenge that the services sector alone hasn't been able to address. These companies also boast moats that make them unique compared to the large BPO firms of the last three decades. Perhaps it could also address some of the risks to employment created in the BPO sector from artificial intelligence.

Persons: hasn't, Cyient isn't, Peers, Larsen, Toubro's, Kunal Desai, Desai Organizations: Capital Economics, nab, Microsoft, Siemens, GIB Asset Management, CNBC Locations: India, London, Philippines, Mexico, Brazil, Poland, Malaysia

☆ What office meltdown? Developers see a shortage of high-end space and are rushing to build it.
▼ + stars: | 2024-10-03 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +12 min

Much of the office market may be mired in a downturn, but demand has been strong for high-end space. New office construction has dropped off sharply, leading to a potential upcoming shortage. That demand has persisted even as office construction has been stifled by higher interest rates and inflation, which have pushed up costs. Worries over the health of the office market have also made lenders reluctant to finance new development. 8 million square feet of that is pre-leased, meaning that there is only about 10 million square feet of upcoming available top quality space.

Persons: —, Hilary Goldfarb, Goldfarb, Crowell, there's, Scott Rechler, Rechler, Vanderbilt, Philippe Visser, CBRE, Visser, Larry Silverstein, Norman Foster, Silverstein, Randolph St, Ross, Stephen Ross, Jordan Rathlev, Rathlev, Jessica Morin, Morin, Banks, RXR, I'm, you'd Organizations: Service, Rockefeller Development, Fifth St, RXR, Skidmore, Owings, Merrill, TF Cornerstone, Grand Central, Citadel, Yards, Companies, Oxford Properties, Hudson, Hudson Yards, KKR, Meta, World Trade Center, American Express, Trade, Related's, Central Locations: Washington ,, Washington, DC, New York, San Francisco, midtown Manhattan, Manhattan, Wells Fargo, BlackRock, Lower Manhattan, Chicago, Fulton, West Palm Beach , Florida, CBRE

☆ I attended Bryan Johnson's Don't Die Summit in Singapore. It started with a rave.
▼ + stars: | 2024-10-03 | by ( Amanda Goh | ) www.businessinsider.com time to read: +12 min

Bryan Johnson brought his "Don't Die" summit to Singapore in mid-September. This year, Bryan Johnson, the millionaire entrepreneur obsessed with reversing his biological age, brought his "Don't Die" summit to Singapore, less than two weeks after a similar event in San Francisco. The "Don't Die" summit organizers provided Business Insider with access to attend the event. Coinbase's former chief technology officer Balaji Srinivasan even talked about how he planned to "build an actual 'Don't Die' community" at his three-month crypto-focused "school" for adults in nearby Malaysia. As he invited several audience members onstage for a discussion about his "Don't Die" philosophy, I surveyed the room.

Persons: Bryan Johnson, Johnson, —, Taki Taki, blared, Amanda Goh, Coinbase's, Balaji Srinivasan, Horacio Villalobos, Dustin Giallanza, Andrea Maier, hasn't, Chrystal Fong, Dr, Fong, Marion Neubronner, Jacky Wang, Wang, Dan Buettner Organizations: Service, Bloomberg, National University of Singapore, FDA, AsiaHealth Partners Locations: Singapore, San Francisco, Miami , New York, Los Angeles, Valley, Southeast Asia, Malaysia, Taiwan

☆ Markets looking at a 'record global energy crisis' if Strait of Hormuz is affected, says analyst
▼ + stars: | 2024-10-03 | 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 EmailMarkets looking at a 'record global energy crisis' if Strait of Hormuz is affected, says analystSaul Kavonic, senior research analyst at MST Financial, says that would be "coming on top of a quite fragile market in the wake of the reduction of Russian gas over the last two years."

Persons: Saul Kavonic Locations: Hormuz

☆ Wreck of US warship known as ‘Ghost Ship of the Pacific’ found in ‘exceptional’ condition
▼ + stars: | 2024-10-03 | by ( Jack Guy | ) edition.cnn.com time to read: +3 min

CNN —The wreck of a US Navy destroyer known as the “Ghost Ship of the Pacific” has been found off the coast of California by undersea investigators. USS Stewart pictured arriving in San Francisco Bay in March 1946. The ship was damaged in combat against Japanese forces in 1942 and was captured by the enemy, becoming the Imperial Japanese Navy’s Patrol Boat No. “Soon, far-ranging Allied pilots began reporting the strange sight of an old American destroyer operating deep behind enemy lines,” reads the statement. “Whether lost in battle or sunk as a target, a warship remains sovereign property in perpetuity,” he said in the statement.

Persons: Stewart, Donald M, McPherson, fourstacker, “, Samuel J, Cox, ” Organizations: CNN, US Navy, Navy, Air Sea Heritage Foundation, Search Inc, Cordell Bank National Marine, Heritage Command, Imperial Japanese, Naval, US, Military Locations: California, San Francisco Bay, Imperial, Kure, Japan, San Francisco

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