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☆ A boomer moved from Texas to Missouri for her retirement thinking everything would be cheaper. She was 'so wrong.'
▼ + stars: | 2024-05-27 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

She said nearly everything is more expensive in St. Louis compared to Dallas, from groceries to gas to various taxes. Census data shows that between 2021 and 2022, about 494,000 people moved out of Texas, while over 668,300 people moved in. Nearly 9,200 people moved from Texas to Missouri during this period. AdvertisementTheir son attended the University of Missouri, where her husband went, and he settled in St. Louis. AdvertisementThey looked around St. Louis for two years but couldn't find much on the market.

Persons: Donna, Louis, Missouri Donna, St . Louis, It's, didn't, she's, She's, it'll Organizations: Service, Texans, Lone Star State, University of Minnesota's, Texas, Air Force, University of Missouri Locations: Dallas, Fort Worth, St, Texas, Missouri, Europe, St .

☆ After losing his job 15 years ago, a single dad started flipping cellphones on eBay. He turned the hustle into a six-figure monthly reselling business and plans to retire at 40.
▼ + stars: | 2024-05-27 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

AdvertisementPivoting from reselling electronics to clothingWhile Richard was making enough reselling electronics to scrape by, "the cash flow was very tight." AdvertisementStill, he called his eBay store Technsports. "You have to put up great items with a great listing, and eBay and the customers will reward you." "I will always have an eBay store. He also plans to grow the YouTube channel he started in 2023 to help other people make money selling on eBay.

Persons: —, Richard S, Richard, I've, It's, Ralph Lauren, Gucci, I'm, Louis Vuitton, Richard's, Technsports, he's Organizations: Service, Circuit, Business, eBay, Craigslist, Sidekicks, Buffalo Bills, Salvation Army, Nike, Louis, BI Locations: Ft, Lauderdale, Coral Springs

☆ China's gold rush shows the Chinese still have money to spend — they're just not into Starbucks or Gucci
▼ + stars: | 2024-05-27 | by ( Huileng Tan | ) www.businessinsider.com time to read: +6 min

It also reflects that there's money in the system — but Chinese consumers are just really not that keen on dropping their hard-earned cash at Starbucks or Gucci. China's demand for gold jewelry softened in the first quarter of this year due to the surge in gold prices but was still holding up well, according to the council. Gen Z Chinese consumers ditch luxury for goldUnlike the rush into gold assets, Chinese consumers are not running out to buy even more stuff, particularly foreign imports. China's savings rate was around 32% last year — compared to around 4% in the US, according to a McKinsey analysis of official data. "Chinese households are increasingly confronted by the weak long-term Chinese growth outlook and the slumping prices in China's residential real estate market," said Biswas.

Persons: —, Rajiv Biswas, Gen, LVMH Moët Hennessy Louis Vuitton, Gucci, Yves Saint Laurent, Laxman Narasimhan, Nomura, Lynn Song, Jean, Jacques Guiony, Biswas, McKinsey Organizations: Service, Gucci, Business, World Gold, Bloomberg, Starbucks, Huawei, Nomura, ING, McKinsey Locations: Japan, China, American, Greater China

☆ Bill Walton, N.B.A. Hall of Famer and Broadcasting Star, Dies at 71
▼ + stars: | 2024-05-27 | by ( Richard Sandomir | ) www.nytimes.com time to read: +1 min

Bill Walton, a basketball center whose extraordinary passing and rebounding skills helped him win two national college championships with U.C.L.A. A redheaded hippie and devoted Grateful Dead fan, Walton was a 6-foot-11 acolyte of the renowned U.C.L.A. He was named the national college player of the year three times. Walton’s greatest game was the 1973 national championship against Memphis State, played in St. Louis. Walton — not yet known for his often hyperbolic, stream-of-consciousness speaking manner — refused to say much after the game.

Persons: Bill Walton, Walton, John Wooden, St . Louis, Walton —, —, ” Organizations: Portland Trail Blazers, Boston Celtics, Bruins, Memphis State Locations: San Diego, St ., U.C.L.A

☆ Erik ten Hag: Manchester United could fire its manager after winning the English FA Cup. He says he will ‘go anywhere else to win trophies’
▼ + stars: | 2024-05-26 | by ( Issy Ronald | ) edition.cnn.com time to read: +3 min

But Manchester United’s celebrations after defying the odds to defeat Manchester City and win the English FA Cup on Sunday were tempered by reports that its manager Erik ten Hag would be fired, regardless of the result. When those reports were put to him after Sunday’s victory, Ten Hag pointed to his trophy-winning résumé. “The team is progressing, and we are winning trophies. Two trophies in two years is not bad,” he said, referring to his team’s League Cup victory last year. Erik ten Hag celebrates with his players after winning the FA Cup.

Persons: CNN —, Erik ten Hag, ”, I’m, Jim Ratcliffe, Erik, Hag, Ben Stansall, – Alejandro Garnacho, Mainoo –, “, Louis van Gaal, hasn’t Organizations: CNN, Manchester City, team’s League, ” CNN, Manchester United, League, European, Crystal, FA, Getty, Premier League, City, United Locations: Manchester, AFP, “

☆ Tennis has a hot summer coming, fueled by Zendaya, ‘Challengers’ and luxury sponsors
▼ + stars: | 2024-05-26 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +11 min

Elsa/Getty Images“We say no a lot,” admits Evan Zeder, director of global sports marketing for New Balance’s tennis and baseball units. Lacoste, the French luxury brand, was born with tennis in mind since its start in 1933. Lacoste’s polo shirts have become a major part of the “tennis aesthetic,” or the luxury athleticism #tenniscore trending on social media. Alcohol brands trying to crack the US market see the growing popularity of tennis as an opportunity to introduce themselves to drinkers. Dobel became the US Open’s official tequila sponsor last year, bringing alongs its Ace Paloma cocktail that it sells at other tennis tournaments it sponsors.

Persons: New York CNN — It’s, ”, Louis Vuitton, Loewe, Serena Williams, they’re, Bob Lynch, ” Lynch, Roger Federer, Anne Hathaway, Roland Garros, Rafael Nadal, Christophe Petit Tesson, Novak Djokovic, Williams, Naomi Osaka, Carlos Alcaraz, Iga Świątek, Coco Gauff, “, outfitter, Gauff, she’s, Aryna, Elsa, Evan Zeder, Tommy Paul, it’s “, Lacoste, René Lacoste, “ Lacoste, Catherine Spindler, Djokovic, Daniil Medvedev, ” Novak Djokovic, Mike Stobe, ” Zendaya, ” Spindler, Maestro Dobel, Dobel, Paloma, Lander Otegui, Otegui, ” Otegui, Charlize Theron, Arthur Ashe, Katie Holmes, “ It’s, it’s Organizations: New, New York CNN, luxe, Vogue, ESPN, ABC, Tennis, United States Tennis Association, Brands, MLB, MLS, NBA, Tennis Channel, Netflix, CNN, YouTube, That’s, Wimbledon, Microsoft, Nike, Adidas, Lacoste, Australian, US, USTA Locations: New York, “, Swiss, Paris, Poland, Australia, London, Chambord, Mexico, Miami, Indian Wells, Cincinnati

☆ Stuck in a hellish loop: ALICE parents explain how they never have enough money to give their kids the life they want
▼ + stars: | 2024-05-25 | by ( Noah Sheidlower | Juliana Kaplan | ) www.businessinsider.com time to read: +10 min

He buys the cheapest toiletries and groceries he can find, and he can't afford mental health resources. Childcare costs remain an immense burden for Americans across the income spectrum, and it's a cost that particularly weighs on ALICE parents. They can't afford proper mental health and medical treatments, which are few and far between in their rural community. Even when ALICE parents can obtain assistance, it's often not enough to account for the realities they face. Many ALICEs find themselves in a neverending cycle, even as parents aspire for more for both themselves and their kids.

Persons: —, Ryan Arbuckle, Arbuckle, Louis, he'll, ALICE, he's, Stephanie Hoopes, United For ALICE, Georgia Kristin Musselwhite, William, it's, Kristin, William Musselwhite, Pennsylvania Joey Lovello, Beki, Joey, Uber, doesn't, I'm, They're, they're, April Schultz, Kevin, Schultz, John S, we're, John, she'll, Katelynn, Joey Lovello Organizations: Service, Business, United, United For, Federal Reserve, Medicaid Locations: St, Georgia, Pennsylvania, Bethlehem , Pennsylvania, Illinois, Dover , Delaware

☆ Opinion | Minnesota Republicans Just Endorsed an Alex Jones Acolyte for Senate
▼ + stars: | 2024-05-24 | by ( Michelle Goldberg | ) www.nytimes.com time to read: +2 min

Royce White, a Black former pro basketball player who led protests in Minneapolis after the murder of George Floyd, made his first appearance on “The Alex Jones Show” about two years ago. Jones, a purveyor of conspiracy theories about everything from 9/11 to the murder of children at Sandy Hook Elementary School, was thrilled by their conversation. “You’re awesome, you’re dead-on, and we’re going to learn a lot from you,” he enthused. to accommodate his generalized anxiety disorder, a public stand that won him journalistic admiration even as his athletic career faltered. “Royce White Towers Above the Minneapolis Protests, and Thousands Are Looking Up to Him,” said a Washington Post headline.

Persons: Royce White, George Floyd, Alex Jones, ”, Jones, White, Dave Zirin, Billie Jean King, Muhammad Ali, “ Royce, Donald Trump, ” White, Louis Farrakhan, Robert Malone ” —, Steve Bannon, Bannon, Trump’s, delighting, it’s, Tulsi Gabbard Organizations: Sandy Hook Elementary, Minneapolis Protests, Washington Post, CNN, Democratic, Trump Locations: Minneapolis, Israel

☆ Dow falls by more than 600 points as markets continue to fret about a rate cut
▼ + stars: | 2024-05-23 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +2 min

New York CNN —The Dow tumbled by more than 600 points Thursday afternoon as all three major indexes moved lower, even after AI-darling Nvidia delivered stellar quarterly earnings and announced a 10-for-1 stock split. Chipmaker Nvidia soared more than 9% as the wider market dropped lower, highlighting a lack of market breadth. The S&P 500 and Nasdaq Composite, which began the day at new intraday highs, fell by 0.8% and 0.5%, respectively. “I think we’re set up for stickier inflation.”“The bond market set the dour mood that we see across much of the market,” wrote Interactive Brokers chief strategist Steve Sosnick on Thursday. “Coming on the back of yesterday’s ‘higher for longer’ Fed Minutes, bond traders were in no mood to hear about a strengthening economy,” wrote Sosnick.

Persons: Dow, ”, Louis Navellier, Goldman Sachs, David Solomon, “ I’m, “, Steve Sosnick Organizations: New, New York CNN, Nvidia, Nasdaq, “ Tech, Navellier, NVIDIA, Federal Reserve, resurging, Boston College, Interactive Brokers, Treasury, ’, ” Boeing Locations: New York

☆ Opinion | What Does Hollywood Owe Its Jewish Founders?
▼ + stars: | 2024-05-23 | by ( Pamela Paul | ) www.nytimes.com time to read: +1 min

The Jews who founded Hollywood — and make no mistake, the big studio heads were overwhelmingly Jewish — shared several things: ambition, creative vision and killer business instincts. But more than anything else, the men who were the driving forces behind Paramount, 20th Century Fox, Warner Brothers, Universal, Columbia and Metro-Goldwyn-Mayer shared a very 20th-century sense of being Jewish in America. They were assimilationists who considered themselves American above all else and who molded Hollywood to reflect and shape their American ideals. Beyond a few brief mentions, including Billy Wilder fleeing Nazi Germany, a photo of the MGM mogul and academy founder Louis B. Mayer looming over Judy Garland, and a few scoundrels in an exhibit on #MeToo, Jews were absent. Jewish studio heads, business leaders and actors were almost entirely shut out, an oversight that led to much outcry.

Persons: —, Mayer, assimilationists, ” Neal Gabler, ” Louis B, Hollywood’s, Billy Wilder, Louis B, Judy Garland Organizations: Hollywood —, Paramount, Century Fox, Warner Brothers, Universal, Columbia, Metro, Goldwyn, MGM, Academy Museum of Motion Pictures Locations: America, An, Nazi Germany

The share of US households making just enough to get by but not getting assistance is rising nationwide. The income threshold for this group varies widely between states and cities. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . These households face an economic predicament: They earn too much money to receive most government assistance, but they're still barely getting by. It might be an income of $130,000 for a family of six near St. Louis or $25,000 for a family of three in Michigan.

Persons: ALICE —, —, they're, Louis Organizations: Service Locations: St, Michigan

☆ Rihanna’s makes Chinese street food to promote Fenty Beauty to China’s Gen Z
▼ + stars: | 2024-05-22 | by ( Stephy Chung | ) edition.cnn.com time to read: +4 min

She’s a business mogul in every sense: Aside from a prolific music career, she’s launched successful brands including her cosmetics empire Fenty Beauty – worth an estimated $2.8 billion according to Forbes – and her lingerie label Savage X Fenty. Her latest move in China to promote makeup products is something of a masterclass in how to tap into its lucrative – mostly online – Gen Z market. On Tuesday night, the chart-topping singer attended a Fenty Beauty pop-up held at a Shanghai photography museum, “servin’ face” according to brand’s Instagram, and “jianbing” – a popular Chinese breakfast crepe that costs about a dollar. In a screengrab from Instagram, Rihanna makes jianbing in Shanghai, China, during a visit to promote Fenty Beauty. While Fenty Beauty products have been available in the country since 2019, the brand announced this March that it would be expanding its presence via Sephora stores on the mainland.

Persons: CNN —, Rihanna, She’s, she’s, Forbes –, brand’s Instagram, ”, China’s TikTok, “, Guo Pei, jianbing, RihannashowsupinShanghai, Gucci, Dior, Louis Vuitton Organizations: CNN, Vogue China, Academy of China Council, Promotion of International Trade Locations: China, Shanghai, Instagram, Weibo, Shandong, ”, China’s Shandong province, Jianbing, Douyin

Multiple fatalities and some injuries have been reported in the small city of Greenfield, Iowa – about 50 miles southwest of Des Moines – after a tornado carved a devastating path through the community Tuesday evening, Iowa State Patrol spokesperson Sgt. “There is basically nothing left,” Clel Baudler, a former Iowa state representative who lives a half mile from Greenfield, told CNN on Tuesday. Power outages across Iowa, Wisconsin and Illinois left nearly 200,000 homes and businesses in the dark as of Tuesday night, according to PowerOutage.us. A few tornadoes could strike from Texas to Arkansas, but hail and powerful winds are possible anywhere along the storms’ path. Heaps of rubble blanket Greenfield, Iowa, after a tornado touched down Tuesday.

Persons: Alex Dinkla, Dinkla, Clel, Kim Reynolds, Charlie Neibergall, Valerie Warrior, KCCI, “, ”, “ They’ll, CNN’s Jessica Jordan, Sara Smart, Amy Simonson Organizations: CNN, Midwest, Des Moines, Iowa State Patrol, Storm Prediction Center Locations: Iowa, Greenfield , Iowa, Des, Greenfield, Iowa , Wisconsin, Illinois, Texas, Vermont, Ohio, Great, Arkansas, Oklahoma, Dallas, Fort Worth, Nashville, St, Louis, Memphis, Cleveland, Tulsa, Columbus, Iowa , Minnesota , Wisconsin, Western Iowa, Prescott, Adams County, Montgomery County

☆ US embassy in London refuses to pay $18.6 million in congestion charge fees
▼ + stars: | 2024-05-21 | by ( Louis Mian | ) edition.cnn.com time to read: +3 min

CNN —The US embassy in London is refusing to pay more than $18.6 million in charges from unpaid congestion fees, according to Transport for London (TfL), which oversees the city’s vast transport network. The congestion charge was introduced in 2003 in order to stem traffic and pollution in central London. However, TfL is insisting that in agreement with the UK government, London’s congestion charge constitutes a service and not tax. As of December 31, 2023, a total of 161 embassies, high commissions and consulates owed more than $182 million combined in unpaid congestion charge fees, according to TfL data. According to TfL’s figures, the Japanese embassy owes the second highest amount from unpaid congestion charge fees, at around $12.8 million.

Persons: ”, Dominic Raab Organizations: CNN, Transport, London, Drivers, TfL, International Court of Justice, Diplomatic Relations, U.S . Government, CNN “, of, Embassy, Foreign Office Locations: London, Vienna, of Japan

☆ We're encouraged by an activist's willingness to buy an Abbott rival, look past baby formula suits
▼ + stars: | 2024-05-21 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Baby formula suits : Activist investor group Eminence Capital has built a stake of at least 0.5% in Reckitt Benckiser, according to the Financial Times. Eminence's reported position follows Reckitt's selloff to an all-time low in March on concerns about baby formula litigation. Abbott makes a competing baby formula and faces similar lawsuits, alleging the companies failed to warn about the risks of their products. ABT YTD mountain Abbott YTD Abbott's next baby formula event is a state trial in St. Louis that begins in July. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Eminence's, Reckitt's, Abbott, we've, Reckitt, ABT, YTD Abbott's, Louis, we're, We're, Jim Cramer's, Jim Organizations: CNBC, Nvidia, Blackwell, Eminence, Financial Times, Abbott Labs, TJX, Target, Devices, Jim Cramer's Charitable Locations: Reckitt Benckiser, Illinois, Reckitt, St, Maxx, Williams, Sonoma

The 2024 list is out — and the best cities to live in are mostly in the South and the Midwest. AdvertisementThis year's top spots include a few cities consistently ranked among the best places to live, including booming Boise, Idaho, sandstone-hued Colorado Springs, and the southern banking hub of Charlotte, North Carolina. In addition to the availability of jobs and housing, US News & World Report places a strong emphasis on the overall standard of living in each area. AdvertisementAccording to US News & World Report, here are the 15 best places to live in the US. In these spots, residents are pretty satisfied with their lives, homes are relatively affordable, and there are plenty of jobs.

Persons: —, Louis, glamor Organizations: Service, Business, Federal Reserve Bank of St, US News Locations: United States, Boise , Idaho, Colorado, Charlotte , North Carolina, Austin , Texas, Carolina, Greenville, Charleston , South Carolina, Naples , Florida, Naples

☆ Boundary Waters accident: Two missing after canoes went over Curtain Falls in northern Minnesota
▼ + stars: | 2024-05-20 | by ( Joe Sutton | Zoe Sottile | ) edition.cnn.com time to read: +2 min

CNN —Rescuers are searching for two people in northern Minnesota who went missing after going over Curtain Falls in canoes, according to authorities. The St. Louis County Sheriff’s Office was dispatched to Iron Lake near the border of Canada at 7:21 p.m. Saturday, according to a news release. Two canoes had gone over Curtain Falls in the Boundary Waters Canoe Area, the sheriff’s office said. Shortly after midnight, a helicopter was used to rescue one injured person and one uninjured person, according to the sheriff’s office. CNN has reached out to the St. Louis County Sheriff’s Office for comment.

Persons: canoeist, Jesse Melvin Haugen, Reis Melvin Grams, “, Rescuers, ”, Louis Organizations: CNN, Louis County Sheriff’s, Area, Rescue, Facebook Locations: Minnesota, St, Louis County, Iron, Canada, Curtain, Louis, Lake Agnes, Ontario

☆ Wealthy Americans are starting to spend more carefully
▼ + stars: | 2024-05-19 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

A robust stock market coupled with rising home values have boosted Americans’ wealth from 2019 through 2022, according to a Federal Reserve report on household finances. There’s been some evidence of wealthy Americans growing cautious in the latest round of company earnings results. Federal Reserve officials Michael Barr, Christopher Waller, Philip Jefferson and Raphael Bostic deliver remarks. Federal Reserve officials Christopher Waller, John Williams, Raphael Bostic, Michael Barr, Loretta Mester and Susan Collins deliver remarks. The Federal Reserve release minutes from its May policymaking meeting.

Persons: they’ve, “, ” Nanette Abuhoff Jacobson, There’s, ” Jonathan Akeroyd, Moet, The Beverly Hilton, Michael Kovac, LVMH Moët Hennessy Louis Vuitton, ”, Jacobson, ’ Ariel Barnes, Barnes, ” Barnes, Baby Boomer, Xers, Matt Egan, Read, Michael Barr, Christopher Waller, Philip Jefferson, Raphael Bostic, John Williams, Loretta Mester, Susan Collins, Robin, Ralph Lauren, Booz Allen Hamilton, Buckle Organizations: CNN Business, Bell, Washington CNN, Federal, Fed, Hartford Funds, CNN, Burberry, The Beverly, The Beverly Hilton Hotel, Walmart, Royal Caribbean Cruises, Jackson State University, Federal Reserve Bank of New, Palo Alto Networks, Urban Outfitters, NVIDIA, National Statistics, National Association of Realtors, Reserve, Intuit, US Labor Department, Chicago Fed, Global, US Commerce Department, Atlanta Fed, Booz, University of Michigan Locations: Washington, British, Americas, Beverly Hills , California, Jackson , Mississippi, Federal Reserve Bank of New York, Palo, Ross, Burlington

☆ Election Updates: Rubio, a Trump V.P. Contender, won’t commit to certifying 2024 election results.
▼ + stars: | 2024-05-19 | by ( Maggie Astor | ) www.nytimes.com time to read: +7 min

Mr. Trump addressed the group as he is on trial in Manhattan on criminal charges that he falsified business records related to a hush-money payment to a porn star. Gun safety groups hung up T-shirts with the names of people killed by gun violence in Dallas County. At the N.R.A.’s meeting, Mr. Trump, whose campaign fund-raising has lagged in Texas, urged gun owners to head to the polls to help deliver him the election. She also criticized Mr. Trump for saying, “We have to get over it” after a shooting in Iowa this year that killed a sixth grader. Mr. Trump “is catering to the gun lobby and threatening to make the crisis worse if re-elected,” Ms. Harris said.

Persons: Donald J, Trump, Biden, ”, Mr, “, Greg Abbott, John Cornyn, you’ve, Andrew Arulanandam, Abbott, Biden’s, ” “ Donald Trump, Joe Biden, ” Mr, N.R.A, ” Ana, Maria Ramos, Jill Brown, Louis, —, Robert F, Kennedy Jr, Trump’s, Kamala Harris, ” Ms, Harris Organizations: National Rifle Association, Biden, “, Alcohol, Tobacco, Firearms, Explosives, Texas Democrats, Dallas City Hall, City Hall Plaza, Associated Press, Allen, Outlets, Republican, Trump coalition, Las, Supreme Locations: Dallas, Manhattan, Houston, Uvalde , Texas, Texas, Dallas County, United States, Pennsylvania, Las Vegas, Parkland, Fla, Iowa

☆ Rich Chinese millennials are creating new status symbols. Here are 11 ways they are redefining luxury.
▼ + stars: | 2024-05-19 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +12 min

Rich millennials in the US have been known to splash out on their pets, new laundry rooms, and expensive coffee machines. And over in China, rich millennials have their own ideas of what counts as a luxury status symbol. AdvertisementExpect to see these rich millennials mixing luxury casual wear like T-shirts and sneakers with traditional luxury brands, Banta told BI. And getting regular aesthetic treatments has become a top priority for affluent millennials, Banta told BI. Independent luxury brands that offer more authentic products and those that draw on cultural heritage are also highly in demand, she said.

Persons: —, they've, Rich millennials, They've, Claudio Lavenia, Louis Vuitton, Daniel Langer, Amrita Banta, Budrul Chukrut, Elisa Harca, Ant Asia, Mary, Kate, Ashley Olsen, prioritizes, Harca, Banta, JUAN BARRETO, Olivia Plotnick, Port Ellen, Alexandra Bacon, Ewan Andrew, Langer, Black Pearl, JOHANNES EISELE, Olivier Morin, Plotnick, Tom Dixon, Potnick, Gen, Gabriella Tegen, Gen Z Organizations: Service, Business, Pepperdine University, Research, Getty, JUAN BARRETO Travel, Wai, Social, Diageo, Michelin, China Morning, Meituan, Clover, Bloomberg, Clover Suites, China News Service, McKinsey, Brands, Independent Locations: China, Antarctica, Iceland, Shanghai, Port, Scotland, That's, Harca, Singapore, Banta, millennials

☆ Damaging hacks expose the weak underbelly of America’s health care system
▼ + stars: | 2024-05-16 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +6 min

Washington CNN —A pair of recent ransomware attacks crippled computer systems at two major American health care firms, disrupting patient care and exposing fundamental weaknesses in the US health care system’s defenses against hackers. Health care lags other industries such as big financial institutions and energy providers when it comes to IT security, according to some experts. The two ransomware attacks hit different nerves of the health care system. Momentum is also growing on Capitol Hill to force health care organizations to meet basic cybersecurity standards. More broadly, the Justice Department last week announced a task force to examine “health care monopolies and collusion” that will guide the department’s approach to “civil and criminal enforcement in health care markets,” where warranted.

Persons: cybersecurity, ” Joshua Corman, Sen, Ron Wyden, ”, cybercriminals, Biden, Anne Neuberger, Mark Warner, ” Carter Groome, Corman, ‘, ” Sen, Marsha Blackburn, Andrew Organizations: Washington CNN, Biden, “ Industry, CNN, Oregon Democrat, ransomware, Change Healthcare, White House, American Hospital Association, Department of Health, Human Services, Virginia Democrat, Healthcare, cybersecurity, Health, Cavalry, UnitedHealth, Optum, Tennessee Republican, Justice Department, UnitedHealth Group, Wall Street, Department Locations: St, Louis, United States, Virginia, Tennessee

☆ North Darfur state, Sudan: At least 56 people dead as ‘deadly fighting escalates’
▼ + stars: | 2024-05-16 | by ( Louis Mian | Ingrid Formanek | ) edition.cnn.com time to read: +2 min

CNN —At least 56 people died in El Fasher, the capital of Sudan’s North Darfur state, between last Friday and Wednesday, as “deadly fighting escalates,” Doctors Without Borders (MSF) said in a statement. At the city’s South Hospital, 454 casualties have arrived since last Friday, of whom 56 “have succumbed to their injuries,” according to the humanitarian organization. MSF added that “the wounded and death toll are likely far higher, since the fighting continues to be so intense that many people cannot reach the hospital.”“North Darfur had been a relatively safe haven compared to other parts of Darfur,” MSF added. “Now, there are snipers in the streets, heavy shelling is taking place, and nowhere in the city is safe at all.”Violence in North Darfur has intensified, as the paramilitary group Rapid Support Forces (RSF) has been encircling El Fasher. “The RSF military operation to encircle and besiege El Fasher, North Darfur, has endangered the lives of hundreds of thousands of civilians,” a US Department of State spokesperson said.

Persons: “, Sudan Clementine, ”, RSF Organizations: CNN, Hospital, MSF, ” MSF, Rapid Support Forces, Yale School of Public, Sudanese Armed Forces, SAF, Yale, UN, United, US Department of State, UN Office, Humanitarian Affairs Locations: El Fasher, Sudan’s North Darfur, ”, Darfur, El, Sudan, United States, North Darfur

☆ Meet a couple with 5 kids who are barely making it despite working 4 jobs: 'It shocks me that $100k feels like poverty'
▼ + stars: | 2024-05-16 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

April Schultz, 40, and her husband Kevin, 45, bring in $130,000 a year in gross income combined between their four jobs and side gigs. Still, Schultz said it shocks her that such an income "feels like poverty." "We shouldn't have to have four jobs in one family," Schultz said. She said that while there are job opportunities in her area, most don't pay enough for the area's cost of living. They both anticipate downsizing once their kids have moved out and relocating to a more rural and cheaper place.

Persons: Schultz, Kevin, — Schultz, ALICE —, Stephanie Hoopes, United For ALICE, She's, Louis, she's, there's, We've, they're, they've, hasn't, It's, we've Organizations: Service, Costco, United For, Department of Defense, Scott Air Force Base, Amazon, Netflix, USDA, Aldi, Sam's Locations: California , Arizona, Minnesota, Idaho, Mascoutah , Illinois, St, Illinois, Missouri

I fell in love with the Louvre one morning while doing disco moves to Michael Jackson’s “Don’t Stop ’Til You Get Enough” in the Salle des Cariatides. The museum, a former medieval fortress and then royal palace, had not yet opened, and I was following instructions to catwalk and hip bump and point in the grand room where Louis XIV once held plays and balls. The sun cast warm light through long windows, striping the pink-and-white checkered floor and bathing the marble arms, heads and wings of the ancient Grecian statues around me. “Point, and point, and point,” shouted Salim Bagayoko, a dance instructor. So I struck my best John Travolta poses and pointed around the room, my eyes landing on the delicate sandaled foot of Artemus, the wings of a Niobid and the stone penis of Apollo.

Persons: Michael Jackson’s, Louis XIV, ”, Salim Bagayoko, John Travolta Organizations: Salle des Cariatides Locations: Salle

☆ Denim stocks can benefit with Western style in vogue, TD Cowen says
▼ + stars: | 2024-05-15 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

A renaissance in Western styles can boost stocks that specialize in denim, according to TD Cowen. While positive on stocks across the space, he specifically pointed to Boot Barn , Levi Strauss and Ralph Lauren as key plays on the trend. Playing the denim revival For clothing makers Levi Strauss and Ralph Lauren, Chen sees reasons to be bullish beyond just a Western resurgence. Both stocks have outperformed the market in 2024, with Ralph Lauren adding around 16% and Levi Strauss surging about 36%. Boot Barn surpassed Wall Street consensus forecasts for earnings and revenue in its fiscal fourth quarter , the company reported Tuesday.

Persons: TD Cowen, Oliver Chen, jean, Levi Strauss, Ralph Lauren, Chen, —, Louis, Taylor Swift's, Beyoncé's, Carter, Ralph Lauren's, James Conroy, Conroy, LSEG Organizations: Louis Vuitton, Department Locations: Americana, California

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