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Read previewA new cooking oil scandal has erupted in China, about a decade after the country's infamous crackdown on restaurants reusing gutter oil and sewage grease. The furor follows a bombshell investigation published on July 2 by state media outlet Beijing News, which found multiple cases of tank trucks transporting edible cooking oil immediately after delivering chemicals used for coal-to-liquid processing. They recommend that oil companies only use tank trucks dedicated to edible substances, but the guideline is only encouraged and isn't mandatory. Related stories"Shouldn't a kerosene can be a kerosene can and a cooking oil can be a cooking oil can? Days after Beijing News' report, state media jumped in with scathing commentary.
Persons: , Han Futao, Han, They've, Zhang Jingshan Organizations: Service, Business, Beijing News, Food Locations: China, Beijing, Hebei, Qinhuangdao, Weibo, Hunan
Read previewThe Greek government responded to backlash about its new six-day workweek policy and said the regulation doesn't change the current workweek, according to a CNBC report published Tuesday. "It is important to note that this new regulation does not in any way affect the established 5-day/40-hour working week mandated by Greek law, nor does it establish a new 6-day working week," Greek Minister of Labour and Social Security Niki Kerameus told CNBC. AdvertisementBut Kerameus said the extra working day is only applicable in situations of increased workload, the report said. Employees who work the extra hours will see a 40% jump in pay for that time. Kerameus said the law also provides more protection for workers, like guaranteed days off, set working hours, and measures to prevent wrongful termination, the report said.
Persons: , Niki Kerameus, Kerameus Organizations: Service, CNBC, Labour, Social, Business, Employees, European Union Locations: Europe
Under the long-standing law, companies can face ruinous penalties for price discrimination only if they're discriminating against other businesses. Tyler Le/BII say low-grade shock because at the time personalized pricing discrimination was far less widespread and harmful than it is today. And many of those that don't disclose using personalized pricing still do it. AI pricing also means that those who are the most desperate and most vulnerable will often pay the most. So much of AI pricing acts as a regressive tax, charging those with the most the least.
Persons: I'm, I'd, Robinson, Tyler Le, Price, Uber, might've, it's, you've, Tinder, Nikolas Guggenberger, Guggenberger Organizations: American Prospect, Walmart, Smart, Mozilla, Consumers International, University of Houston Law Center, Zephyr Locations: London, United States
Driving uninsured has various consequences, including fines, license suspension, and even jail time. If you drive without car insurance, your insurance rates could increase when you purchase or renew it. It can be tempting to skip the extra cost that car insurance adds to the price of owning a car. License suspension:Many states suspend your license or registration (or both) for months if you're caught driving uninsured. If you live in an area with high rates of uninsured drivers, this could cause issues for you.
Persons: It's, Alani Asis Alani Asis, Forbes, She’s, Read Organizations: UM, Department of Transportation, Department of Insurance, Department of Motor Vehicles, Insurance, The Insurance Research, U.S, Business, AARP, CNN, Fortune, U.S . News, Finance, University of Hawaii Locations: U.S, New Hampshire, Virginia, New York, Connecticut, California, Georgia, Manoa
Read previewJoe Biden is facing mounting pressure to prove he's medically fit to run for a second term, but experts say a cognitive test could set a dangerous precedent. Speaking on CBS's "Face the Nation," Sen. Lindsey Graham said all presidential nominees, including Biden and Trump, should take a cognitive test. Cognitive tests are usually quick and simple and can check for functions such as concentration, abstract thinking, language, and memory. He told ABC's Stephanopoulos on Friday: "I have a cognitive test every single day." According to White House press secretary Karine Jean-Pierre, after Biden's physical in February, his doctors decided he didn't need a cognitive test.
Persons: , Joe Biden, Biden, Donald Trump, ABC's George Stephanopoulos, Sen, Lindsey Graham, Trump, Kevin O'Connor, Dr, Kenneth Boockvar, Biden hasn't, ABC's Stephanopoulos, Karine Jean, Pierre, Thomas, it's, Andrew Payne, I'm, Charan Ranganath, Payne Organizations: Service, Business, Reuters, Biden, Washington Post, Gerontology, Geriatrics, University of Alabama, White, University College London, Mensa, City University, University of California, BI Locations: Birmingham
Oppenheimer raised its year-end S&P 500 target to 5,900, the second-highest target on Wall Street. The shift makes the firm the second-most bullish on Wall Street. "Just like before, it's a matter of the fundamentals, where they stand right now," John Stoltzfus, Oppenheimer's chief investment strategist, told CNBC. A handful of tech stocks have been doing the heavy lifting for the benchmark index, giving investors pause about how sustainable the current rally is. Correction: July 9, 2024 — An earlier version of this story misstated the date from which Oppenheimer's target indicates 6% upside.
Persons: Oppenheimer, John Stoltzfus, , Stoltzfus, It's, Goldman Sachs, Marko Kolanovic — Organizations: Service, CNBC, Security, Federal Reserve, UBS, JPMorgan . Locations: Monday's
Read previewDesign juggernaut Canva has drawn hard lines around what its AI tool can and can't make. Canva's software can be used to create anything from party invitations to social media content to presentation templates. By default, all users are opted out of private design content from being used to train AI models, a Canva spokesperson told Business Insider. AdvertisementAt the time, Adobe said in a blog post that content belongs to users and it would never be used to train generative AI tools. A spokesperson for Adobe referred BI to the company's AI guidelines, which direct users not to create hateful or adult content and not seek medical advice from AI features.
Persons: , Canva, Melanie Perkins, Perkins, Meta, Cara, Adobe Organizations: Service, Magic Media, Business, Adobe, Meta, Facebook
How to watch Argentina vs. Canada in the USThe Argentina vs. Canada game will air on Tuesday at 8 p.m. Check price at FuboHow to watch Argentina vs. Canada in MexicoWhile Copa America coverage is spread across multiple services in Mexico, the Argentina vs. Canada game will stream for free on TelevisaUnivision's ViX. How to watch Argentina vs. Canada in CanadaThe Argentina vs. Canada match will live stream on TSN in Canada, where you can also catch the Euros. How to watch Argentina vs. Canada in the UKArgentina vs. Canada will be available to live stream on Premier Sports in the UK. How to watch Argentina vs. Canada in AustraliaThe Argentina vs. Canada match will live stream through Optus Sport in Australia.
Persons: we've, you'll, who'll, ExpressVPN Organizations: Business, Copa America, Canadian, Venezuela, Argentina, Canada, America, Wednesday night's, Fox Sports, Sling, Copa, TSN, Premier Sports, NHL, NASCAR, Optus Sport, Soccer Locations: Argentina, Canada, Uruguay, Fubo, Mexico, Copa America, Australia
New Jersey businessman and co-owner of The Philadelphia Inquirer, George Norcross walks to Judge Patricia McInerney's courtroom at City Hall in Philadelphia. The New Jersey Democratic power broker charged with racketeering by the state attorney general pleaded not guilty Tuesday to charges he threatened people whose properties he sought to take over and orchestrated tax incentive legislation to benefit organizations he controlled. "My client emphatically states that he is not guilty," Norcross' attorney Michael Critchley told Judge Peter Warshaw. A longtime kingmaker in southern New Jersey, Norcross often wielded influence through back channels. His brothers are lobbyist and co-defendant Philip Norcross — who pleaded not guilty on Tuesday as well — and U.S. Rep. Donald Norcross, a former state legislator who is not charged.
Persons: George Norcross, Patricia McInerney's, George E, Norcross, Matt Platkin's, Michael Critchley, Peter Warshaw, hasn't, Warshaw, Sen, Bob Menendez, He's, Donald Trump's Mar, Steve Sweeney, Philip Norcross —, Donald Norcross, William M, Camden Mayor Dana L, Redd, John J, O'Donnell, Sidney R, Brown, Menendez Organizations: Philadelphia Inquirer, Hall, The New, The New Jersey Democratic, Court, Democratic, U.S, Norcross, Democratic National Committee, Democrats, He's, New, New Jersey Democrats, U.S . Rep, Camden Community Partnership, Camden Mayor Locations: Jersey, Philadelphia, The, The New Jersey, Mercer County, New York, Camden , New Jersey, Camden, Delaware, Palm Beach , Florida, New Jersey
AI companies have been upfront with their goal to disrupt the creative industry. But they have barely been able to hide their contempt for the artists they are trying to displace. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAI companies may be hard at work disrupting the creative industry, but some firms can barely hide their disdain for the artists their product might hurt. This story is available exclusively to Business Insider subscribers.
Persons: , Mira Murati, Murati Organizations: Service, creatives, Dartmouth College, Business Locations: Columbia, mater
The bacon Double Stack lacked condimentsThe bacon Double Stack had ketchup, mustard, pickle, and onion. Division-1 winner: The bacon Double Stack triumphs for having baconThe bacon Double Stack had a decent variety of toppings. I was excited to dig into the Big Bacon ClassicThe Big Bacon Classic had a lot of sauce. The Big Bacon Classic triple seemed to have too much meatThe Big Bacon Classic triple seemed like a lot of meat. AdvertisementDivision-5 winner: The Jr. bacon cheeseburger was the best of this large poolThe Jr. bacon cheeseburger was my favorite in this category.
Persons: , Bacon, pretzel cheeseburgers, I've, Lucien Formichella, underseasoned —, Dave Thomas, I'd, Wendy's, would've, cheeseburger, Baconator, mayo, Charlie, Charlie Brown, hadn't, jalapeños, Pretzel Bacon, Cheeseburger, Big Bacon Organizations: Service, Business, mayo, Taco Locations: Wendy's, mayo, cheddar
At The Wall Street Journal's Global Food Forum in June, Joe Erlinger, the president of McDonald's US, detailed the company's missteps in meatless burgers and salads. Over the years, McDonald's has been able to fold in some noncore items — namely, coffee and chicken. It's not just consumer demand that's keeping McDonald's menu limited to the more-traditional, less-than-body-boosting items — it's its franchisees, too. And no one goes to McDonald's looking for greens. And no one goes to McDonald's looking for greens.
Persons: McDonald's, Joe Erlinger, Erlinger, Darren Tristano, Danilo Gargiulo, it's, Tristano, Benedict, hasn't, Gargiulo, Burger King, Burger, It's, they're, Emily Stewart Organizations: Food Forum, Dallas, Bernstein, Foods, Apple, Toyota, Consumers, McDonald's, Business Locations: San Francisco, Europe, Sweetgreen, Cava, McDonald's, Australia, Chicago
President Joe Biden arrives to speak to supporters and volunteers during a campaign stop at a Biden-Harris campaign election office in Harrisburg, Pennsylvania, on July 7, 2024. President Joe Biden defended his place at the top of the Democratic ticket Monday in a surprise television interview on MSNBC's "Morning Joe," after more lawmakers and donors came forward over the weekend with concerns about his reelection bid. "I'm getting so frustrated by the elites in the party" calling on him to step down, the president fumed. Biden insisted to hosts Joe Scarborough and Mika Brzezinski that the concerns of his wealthy backers would not dictate his political future. "I want their support, but that's not the reason I'm running," Biden said.
Persons: Joe Biden, Harris, I'm, Biden, Donald Trump, fumed, Joe Scarborough, Mika Brzezinski, that's, Hakeem Jeffries, Adam Smith, Jerry Nadler, Mark Takano, Joe Morelle, Angie Craig, Nancy Pelosi, Jim Clyburn, Chuck Schumer, George Stephanopoulos, Sen, Chris Murphy, Conn Organizations: Biden, Democratic, Democrats, NBC News, N.Y, Trump, ABC News, NATO, Democratic Party Locations: Harrisburg , Pennsylvania, New York, Calif, Washington, D, Ukraine
Read previewOn Sunday, President Joe Biden once again found himself in Philadelphia, a city that has played a crucial role in his political life. AdvertisementOn Sunday, Rep. Joyce Beatty of Ohio told CNN's Eva McKend that Democratic lawmakers shouldn't turn against Biden. A huge "what if" for Biden is if a high-ranking Black lawmaker calls on him to exit the race. But will it help him with Black voters in the coming weeks and months? That November, Biden won 92% of the Black vote, compared to Trump's 8% support, according to the Pew Research Center.
Persons: , Joe Biden, Biden, It's, Biden hasn't, Donald Trump, Joyce Beatty, CNN's Eva McKend, Hakeem Jeffries, Beatty, Kamala Harris, Harris, JfHOOMv5RS, Julia Hamelburg, Steven Horsford, surrogates, Jim Clyburn, Clyburn, he'd, Trump, it'll Organizations: Service, Airy, of God, Business, Capitol, Democratic, Democrats, Congressional Black Caucus, shouldn't, CBC, Biden, Congressional Black, Essence, Black, South Carolina Democratic, Pew Research Center, Trump Locations: Philadelphia, Washington, Ohio, New Orleans, Nevada, York, South Carolina, Georgia , Michigan, Pennsylvania
In June, 30-year mortgage rates averaged around 6.58%, an 18-basis-point drop from the month before, according to Zillow data. This index is a key measure of inflation, and if it decelerated last month, mortgage rates could inch down in response. As inflation slows and the Federal Reserve is able to start lowering the federal funds rate, mortgage rates are expected to ease. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's interest rates will affect your monthly payments. 15-Year Fixed Mortgage RatesAverage 15-year mortgage rates inched down to 6.25% last week, according to Freddie Mac data.
Persons: Fannie Mae's, homebuyers, you'll, Freddie Mac, it's Organizations: of Labor Statistics, Federal Reserve, Zillow Locations: Chevron
Scientists have uncovered a new source of hazardous "forever chemical" pollution: the rechargeable lithium-ion batteries found in most electric vehicles. Some lithium-ion battery technologies use a class of PFAS chemicals, or per-and polyfluoroalkyl substances, that helps make batteries less flammable and conduct electricity. Scientists tested more than a dozen lithium-ion batteries used in EVs and consumer electronics like laptops, and found bis-FASIs at various concentrations. They can also leach into the environment from landfills, where the majority of lithium-ion batteries end up. AdvertisementThe study said only about 5% of lithium-ion batteries are recycled, and by 2040, there could be some 8 million tons of lithium-ion battery waste.
Persons: They've, Jennifer Guelfo, PFAS, Lee Ferguson, Guelfo, PFOA, hasn't, Corteva Organizations: Service, Nature Communications, Business, Texas Tech University, Duke University, Environmental Protection Agency, Solvay, Chemours, DuPont Locations: US, Belgium, France, Minnesota , Kentucky, Antwerp, Salindres
Read previewSouth Florida residents recently noticed an unusual new neighbor in their artificial lake: a manatee. Some Florida manatees travel through the ocean around the US, from Texas to as far north as Delaware. Experts have seen manatees in this area for the past few years, so the big visitor isn't totally unique. How to help your local, neighborhood manateeSometimes people can be a little overzealous in trying to help manatees, Howell said. AdvertisementIf Florida residents are concerned about a manatee who seems in distress, they can call the Wildlife Alert Hotline at 888-404-3922, Howell said.
Persons: , Bill Barnett, Amber Howell, Howell Organizations: Service, Pembroke Pines, WPLG, Business, Florida Fish and Wildlife Conservation Commission, Thomson, National Oceanic, Atmospheric Administration Locations: Florida, Pembroke, Riviera Beach, Thomson Reuters Florida, Texas, Delaware
Speaking of money and vacations: In today's big story, summer vacation means financial stress for parents looking to keep their kids busy while school is out without breaking the bank . The big storyThe cost of summeriStock; Rebecca Zisser/BISchool's out for summer, but the relief for kids is causing financial pain for their parents. Further complicating things is most camps don't cover the two-plus months parents need to fill for their kids. The result is sometimes a patchwork system of camps and part-time nannies that parents need to cobble together. AdvertisementThis year, skincare products proved to be a lightning rod for kids and parents at elite summer camps , writes BI's Anna Silman.
Persons: , Rebecca Zisser, Juliana Kaplan, Madison Hoff, Kate Dehler, BI's Anna Silman, Anna, You've, Goldman Sachs, it's, Alyssa Powell, Gen, Vladimir Putin, Narendra Modi, Dan DeFrancesco, Jordan Parker Erb, Jack Sommers, Annie Smith, Grace Lett, Amanda Yen Organizations: Service, Business, Karma, Hindenburg Research, Adani, Bank of, Samsung, Indian, The Locations: What's, Al, Florida, Russian, New York, London, Chicago
Read previewSen. Lindsay Graham says he thinks anyone running for president should undergo a cognitive test — including his longtime ally, former President Donald Trump. This story is available exclusively to Business Insider subscribers. I think he should take a cognitive test like I did." Related storiesTrump took says he took a cognitive test in 2018, and has since bragged about how he "aced" it "very hard." Representatives for Biden, Trump and Graham didn't immediately respond to requests for comment from Business Insider sent outside regular business hours.
Persons: , Sen, Lindsay Graham, Donald Trump, Biden, Robert Costa, Graham, Trump, Joe Biden, Biden's, Graham didn't Organizations: Service, CBS, South Carolina Republican, Business, CNN, Trump, Democrats, ABC News, Biden, Business Insider Locations: Detroit
My father's steadfast refusal to seek help for his alcoholism resulted in my parents' divorce when I was 14. Related storiesI heard sporadically from my father as I entered adulthood and even reluctantly saw him a few times. AdvertisementI understood my brothers' reasons for not wanting a relationship with our father. But I accepted their refusal to interact with him and my resulting role as his only caretaker as just another of my eldest daughter responsibilities. That created a lot of pressure, but I'm thankful my role in the family forced that path because I can look back on my relationship with Dad without regret.
Persons: , Dad, Lynnette Lyons Organizations: Service
Read previewDonald Trump has long regarded the student loan forgiveness measures rolled out under the Biden administration as a stunt to garner "publicity for the election." At a campaign event in late June, Trump called Biden-era student debt relief measures "vile," suggesting that student loan borrowers shouldn't count on forgiveness under a second Trump administration. A recent Supreme Court ruling striking down the Chevron doctrine has already weakened the Education Department. Biden-era student loan forgiveness measures, as well as his new income-driven SAVE repayment plan, are making their way through court challenges led by conservative groups, which are not likely to be resolved before 2025. Advertisement"Overall, I think a Biden administration is going to be more favorable for college affordability than a Trump administration," Kantrowitz said.
Persons: , Donald Trump, Biden, he's, Trump, Pell Grant, Jan Miller, Mark Kantrowitz, Kantrowitz, Betsy Mayotte, who'd Organizations: Service, Biden, Business, of Education, Department of Education, US Department of Education, Education Department, Senate, Trump, The, Student Loan Advisors, Education Department's, Education Locations: Washington ,, Mayotte
Amy Dickinson, 64, has shared life advice in her widely syndicated news column, "Ask Amy," for two decades. In her final column, she concentrates her best advice into a few key phrases. "Many of us overestimate the likelihood that the people we're asking for help will say 'no.' Kets de Vries wrote for the Harvard Business Review. "In turn, they'll trust you enough to ask for help when they're in need themselves."
Persons: Amy Dickinson, Amy, Dickinson, Manfred F.R, Kets de Vries, de Vries, Juliette Han, Han Organizations: Harvard Business, Harvard, Columbia Business School, CNBC Locations: Dutch
A view shows damage caused by Hurricane Beryl on Union Island, Saint Vincent and the Grenadines, in this undated handout picture obtained by Reuters on July 5, 2024. Beryl hit Mexico's Yucatan Peninsula as a Category 2 hurricane on Friday, then weakened to a tropical storm. The hurricane center forecasts it will hit as a strong Category 1 storm, but wrote "this could be conservative if Beryl stays over water longer" than expected. "People in southern Texas now need to really keep an eye on the progress of Beryl," Beven said. Beryl set the record for the earliest Category 4 with winds of at least 130 mph (209 kilometers per hour) — the first-ever category 4 in June.
Persons: Hurricane, Saint Vincent, Beryl, Jack Beven, Jeff Masters, Beven, Brian McNoldy, Phil Klotzbach, Kerry Emanuel doesn't, Klotzbach, Rita, Wilma, Dennis, Miami's McNoldy, Albany's Kristen Corbosiero, Masters, hasn't, Corbosiero, Emanuel Organizations: Reuters, National Hurricane Center, Corpus Christi, Masters, University of Miami, Colorado State University, MIT, Colorado State, University, Miami's, Albany's, Nina Locations: Grenadines, it's Texas, Yucatan, Texas, toasty Gulf of Mexico, Brownsville, Corpus, Gulf, Mexico, Caribbean, Gulf of Mexico, Carriacou, Grenada
When luxury giant LVMH shelled out $15.8 billion for storied jewelry company Tiffany in 2021, it faced outsize expectations. On the luxury resale site The RealReal, Tiffany is the most-searched jewelry brand of 2024 so far. Meanwhile at Tiffany, LVMH is using a team of Cartier veterans. Growing pains have tarnished TiffanyBut reviving a luxury brand isn't easy, and investors have been murmuring that Tiffany's turnaround hasn't met expectations. "When you go into a Tiffany store, you're going to expect to have that amazing experience in customer service."
Persons: , Blake Lively, Gabrielle Union, Hailey, Katy Perry, Tiffany, That's, haven't, Bernard Arnault, they're, Cartier, it's, — hasn't, Arnault, Abraham Lincoln, Mary Todd, Theodore Roosevelt, LVMH, Fflur Roberts, HSBC's Rambourg, Cindy Ord, Rambourg, Bernard Arnault's baguette, Euromonitor's Roberts, Bulgari, Jelena Sokolova, Morningstar, China —, Roberts, Jeremy Moeller, Vierig, It's, Van, Taylor Swift, Chiara Battistini, " Roberts, There's, Battistini, Audrey Hepburn, — it's, LVMH's Tiffany, Hailey Bieber, Taylor Hill, Sokolova, I'm Organizations: Service, Business, LVMH's, HSBC, Bloomberg, Getty, Cartier, Fifth, Nike, McKinsey Locations: Manhattan, China, Asia, Paris, Tiffany, influencers, LVMH's
Advertisement'Naked resignation'One popular phrase on Chinese social media is "两点一线," which translates to "two points, one line." And discussion is rife on Chinese social media about 裸辞 — a term that translates, quite literally, to "naked resignation." Examples seen in BI's search of the keyword included "how much to save before naked resignation," "three things to consider before naked resignation," and "20 jobs to try after naked resignation." Advertisement"There are articles on Chinese social media criticizing gap years," she said, "arguing that it is a Western concept that does not adapt well to Chinese society." "There's a popular internet buzzword among Chinese young people, "Gai溜子," which can be roughly translated to "drifter" on the street," Lim added.
Persons: , Jack Porteous, Tong, Porteous, aren't, Laurence Lim, Sally Maier, Yip, Qilai Shen, Lim, It's, Jack Ma, Qu Jing, Jenny Chan, Gen, Gai 溜 Organizations: Service, Business, Tong Global, Twitter, Publishing, Getty, Cherry, Consulting, Pictures, National Bureau of Statistics, Baidu, Hong Kong Polytechnic University Locations: China, Weibo, Xiaohongshu, Europe
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