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Hong Kong CNN —Beijing says it’s investigating fashion retailer PVH Corp, the owner of Calvin Klein and Tommy Hilfiger, for refusing to source cotton from the Xinjiang region, in a move that could lead to sanctions on an American company with major business interests in China. The ministry said in a statement that New York-based PVH (PVH) is suspected of “violating normal market transaction principles” by boycotting cotton sourced from China’s far western region of Xinjiang. Being banned by China would deal a big blow to PVH, which, like other global fashion firms, sources extensively in the country. Western apparel brands have faced pressure in China over their position on Xinjiang cotton before. In March 2021, Swedish multinational H&M was pulled from major e-commerce stores in China and blocked by several major navigation, review and rating apps.
Persons: Hong Kong CNN —, Calvin Klein, Tommy Hilfiger, Biden, PVH, , Joe Biden, , Organizations: Hong Kong CNN, Hong Kong CNN — Beijing, PVH Corp, Commerce Ministry, CNN, Chinese Ministry of Commerce, US, State Department Locations: China, Hong Kong, Xinjiang, United States, York, , Swedish
That may be enough to overwhelm Israel's Iron Dome air defense system and inflict huge damage on the country's cities and infrastructure, experts say. Two unnamed US officials told the publication that Israel believes the Iron Dome could be vulnerable, particularly in the north. The Iron Dome is one of the most advanced defense systems in operation today. Each battery consists of three to four launchers carrying dozens of Tamir interceptor missiles and a sensitive radar, US military Iron Dome contractor Raytheon Technologies said. AdvertisementIsrael's Iron Dome repelled a barrage of rockets from Hezbollah.
Persons: , William Wechsler, JALAA, Wechsler, Israel, Tamir, It's, " Wechsler Organizations: Service, Hezbollah, Business, Center for Strategic, International Studies, Israel's, Middle, The Atlantic Council, Israel Defense Forces, CNN, IDF, Iron Dome, Raytheon Technologies Locations: Israel, Lebanon, Iran, Gaza, Israel's, Beirut, Tehran, Anadolu, United States, Tel Aviv
Now, trade economists say Trump's latest trade threat makes no sense. I love the company, but as you know, they've announced a few days ago that they're going to move a lot of their manufacturing business to Mexico," Trump said at Monday's event. AdvertisementJohn Deere is the latest company to face a threat of tariffs from Donald Trump. It's not the first time Trump has threatened companies and Trump's threat to impose large tariffs on imports also isn't new. Trump's tariff goals going into the next election go beyond his former policy on international imports.
Persons: , Donald Trump, John Deere, they've, Trump, Jonathan W, Coppess, Ian Sheldon, Sheldon, Gary Hufbauer, Hufbauer, Rick Wilking, he's, Trump's, we're, Nicole Bivens Collinson, Sandler, Travis, Rosenberg, Collinson, " Collinson, Kamala Harris Organizations: Service, Business, Fox Business, Republican, University of Illinois, Agricultural Marketing, Trade, The Ohio State University, Peterson Institute for International Economics Locations: Mexico, Smithton , Pennsylvania, Iowa, United States, University of Illinois Urbana, Champaign, Canada, North America, Central America, South America, Georgia, China
Here we go again: Egg prices are spiking. Here’s why
  + stars: | 2024-09-25 | by ( Matt Egan | ) edition.cnn.com   time to read: +6 min
Egg prices spiked by 28.1% in August from 12 months ago, easily the biggest increase out of any food item tracked by the Bureau of Labor Statistics. The main culprit for rising egg prices is a familiar one: bird flu. Where egg prices are rising the mostStill, the current BLS average of $3.20 per dozen eggs remains high. Zooming in to focus on just the past year, Datasembly found that egg prices have increased the most in Hawaii (+49%), Minnesota (+44%) and Alabama (+38%). When egg prices spiked to record highs in early 2023, Cal-Maine’s profit skyrocketed 718%.
Persons: , Phil Lempert, they’ve, Price, Brian Moscogiuri, Datasembly, Moscogiuri, graf, ” Moscogiuri, Kevin Bergquist, Musharbash, Emily Metz, ” Metz, Lempert, Organizations: New, New York CNN, Bureau of Labor Statistics, Centers for Disease Control, Prevention, US Department of Agriculture, USDA, CNN, Shoppers, Food Institute, Farm, Maine Foods, Cal, Basel Musharbash, Monopoly, American Egg Board, SNAP Locations: New York, Minnesota, Missouri, Iowa, Oklahoma, Alabama, Hawaii, Wells, United States, Cal, Maine, Basel, Texas
Read previewThe US military has published photos for the first time that show a fifth-generation F-35 fighter armed with a stealthy long-range anti-ship missile. The photo, released on Monday, shows an F-35C Lightning II carrying two AGM-158C Long-Range Anti-Ship Missiles (LRASMs) during a flight test conducted earlier this month. Efforts to integrate the missile with the carrier-based variant of the advanced F-35 stealth fighter underscore the military's push to expand its anti-ship capabilities across new platforms. The military has acknowledged an increasing need for these capabilities, particularly as rivals like China strengthen their navies. The F-35 doesn't have a dedicated anti-ship missile, making the LRASM a valuable addition.
Persons: , Lockheed Martin Organizations: Service, Ship, Naval Air, Business, US Air Force, US Navy, Air Force, Navy, Hornets, Force, ITF, Pax ITF, Lockheed, Warfare Locations: Maryland, China, Washington, Beijing
As Americans increasingly rely on Social Security and other retirement income to get by, high medical expenses could throw years of retirement planning out of balance. AdvertisementRetiring early to be his wife's caretakerPapalia had a goal to retire in 2015 at age 65 so he could receive Social Security benefits and have enough saved that money wouldn't be a huge issue. However, in 2010, he retired to care for his wife full-time, taking a buyout from his company that lasted until 2014. Marie's medical care was expensive, and they also cared for two dogs, both of whom had costly medical issues. Scraping by and making sacrificesPapalia receives $2,132 a month in Social Security before taxes and insurance and $1,900 from his pension, while Marie gets $1,113 a month from Social Security.
Persons: , Robert Papalia, Marie, They're, Papalia, they're, wouldn't, She's, they've, We're, it's, he's Organizations: Service, Business, BI, Social Security, Social, Security Locations: Burlington , New Jersey, New Jersey, Pennsylvania
Read previewA top Philippine general wants a new US missile system to remain in the country "forever" to boost its defenses and deterrence capabilities. The American weapon, the Mid-Range Capability missile system, has drawn China's ire. The MRC, also known as Typhon, is the US Army's new ground-based missile system capable of firing both the Standard Missile 6 and Tomahawk Land Attack missile. The Typhon system fills a gap in the US arsenal, offering a particularly versatile new land-based intermediate-range missile option as US rivals develop and field similar capabilities. Its ongoing deployment has angered China, which has repeatedly demanded the missile system be removed and accused the US of fueling an arms race.
Persons: , Romeo Brawner Jr, he'd, Taylor, Enrique Manalo, Wang Yi, Manalo, Christine Wormuth Organizations: Service, MRC, Business, Armed Forces, Nuclear Forces Treaty, U.S . Navy, Associated Press, US, Association of Southeast, Nations, US Army, Force Locations: Philippine, Beijing, Philippines, China, Pacific, U.S, Washington, Manila, Laos, Japan
Best Friends Forever Fest 2024 festival scheduleThe Best Friends Forever Fest 2024 takes place on Friday, October 11, Saturday, October 12, and Sunday, October 13, in Downtown Las Vegas. How to buy tickets for Best Friends Forever Fest 2024You can buy original 2024 Best Friends Forever Fest tickets directly through the festival's website. The prices for original 2024 Best Friends Forever Fest tickets vary depending on ticket type. The prices for 3-Day Best Friends Forever Fest resale tickets begin at $257 on Vivid Seats and $202 on StubHub. The 2024 Best Friends Forever Fest has an incredibly exciting lineup for emo and indie rock music fans.
Persons: we've, Algernon Cadwallader, Braid, Mary, Rainer Maria, Piebald Organizations: Business, Fest, Downtown, Cap'n Jazz, Sunday, Vivid, concertgoers, PLUS, Jazz, American Football, City Devils, Drug Locations: Las Vegas, Downtown Las Vegas, wristbands, Indian, Unwound
The average American has thousands of dollars of credit card debt. As a whole, Americans hold a record $1.14 trillion in credit card debt as of the second quarter of this year, according to the Federal Reserve Bank of New York's August report. "Credit card debt is easy to get into and hard to get out of," Rossman says. Carrying credit card debt can cost youCarrying a balance from month to month can make your credit card debt more expensive in the long run due to accruing interest. How to pay off your credit card debt
Persons: Ted Rossman, Bankrate, Rossman, it's Organizations: Federal Reserve Bank of New, CNBC Locations: LendingTree
Secret Service advance agents did not request a surveillance team, which could have helped patrol the rally for approximately 15,000 attendees. The lead advance agent for the Secret Service could not even answer the committee when asked who secured the building. Other security requests deniedTrump’s Secret Service security detail requested Counter Assault Team liaisons ahead of the July 13 rally but were denied. The liaison would provide specialized tactical advice to other Secret Service agents and law enforcement on the ground. The lead advance agent also told the committee she requested 13 magnetometers from Secret Service, but only received 10.
Persons: Donald Trump, Thomas Matthew Crooks, Trump, Jill Biden, , ” Sen, Richard Blumenthal, Abbott, Costello, ‘ who’s, ” Nobody, Butler, , , Crooks, wasn’t, “ It’s, Sen, Rand Paul, whoever’s, ” Paul, ” Blumenthal, Kimberly Cheatle, “ I’m, there’ll, what’s Organizations: CNN, Secret, Secret Service, Service, Connecticut Democrat, Trump, Agents, Emergency Services Unit, Emergency, Unit, US Secret Service, Butler, FBI, SAIC, Trump’s, Kentucky Republican, Capitol Locations: Butler , Pennsylvania, Connecticut, Pittsburgh, Butler, Iran, Kentucky
Harris leads Trump 52% to 40% among these likely voters younger than 35. Where female likely voters younger than 35 prefer Harris over Trump, 53% to 39%, male likely voters are closely divided. And among registered voters, young women are 15 points likelier than men to express a positive view of Harris. The CNN Poll was conducted by SSRS online and by telephone September 19-22, 2024, among 2,074 registered voters nationwide drawn from a probability-based panel. Likely voters include all registered voters in the poll weighted for their predicted likelihood of voting in this year’s election.
Persons: Kamala Harris, Donald Trump, Harris, Joe Biden, Biden, There’s, Young Trump, Obama, Trump, Trump’s, they’ve, Young, aren’t, Young Harris, CNN’s Jennifer Agiesta, Edward Wu Organizations: CNN, SSRS, Trump, Democratic, Quinnipiac University, Harvard Institute of Politics, Young, GOP, Young Republican, Republican, Democratic Party, Republicans, White, Trump voters
A shopper searching for Aerie products on Google will see sponsored and organic links to Amazon's website, the lawsuit says. Clicking on a link leads to an Amazon webpage that "displays only knock-offs and 'dupes'" of Aerie products, including sweatshirts and exercise shorts, American Eagle alleges. "These statements are patently false because customers cannot shop for Aerie products on Amazon." Many of the alleged Aerie knock-offs referenced in the lawsuit are sold by third-party sellers on Amazon's online marketplace. American Eagle is seeking an injunction and financial damages based on Amazon's alleged trademark infringement.
Persons: Arie, It's, Birkenstock, didn't Organizations: Eagle Outfitters, Amazon, Eagle, Southern, of, of New York ., Google, Daimler AG, Mercedes, Benz, counterfeiters Locations: U.S, of New York
The outcome of November's presidential election could have major implications for some popular technology stocks. Meanwhile, a victory by Vice President Kamala Harris may lead to tighter AI regulations focused on safety, ethics and protecting consumers. AI chip giant Nvidia is another likely winner in both split scenarios and a Republican sweep. Heightened antitrust controls over Google and its local search monopoly in a Democrat sweep and split Harris government should also benefit shares of Yelp down 27% this year. Republican sweep Raymond James views Salesforce as a potential big winner in a Republican sweep, noting that "more favorable" corporate tax rates should benefit cyclical software names.
Persons: Raymond James, Donald Trump, Trump, Ed Mills, Kamala Harris, Mills, Harris, Melissa Fairbanks, John Davis, Andrew Marok, bode, Salesforce, Davis, Datadog, Adam Tindle, Josh Beck Organizations: Democrat, Veeva Systems, Flex, Visa, Democratic, Republican, Trump, Republican Senate, Microsoft, Nvidia, Verizon, U.S, Google, Apple, Texas, Intel, Qualcomm, Apollo Global Management, Arista Networks Locations: China, Washington, outperformance, Saudi Arabia, Yelp
CNN —Andrew Holmes’ images of trucks on Californian highways are sun-drenched, saturated and sharp. Now, Holmes’ works have been brought together in a book — “Gas Tank City” (Circa Press) — alongside a show of the same name at London’s Architectural Association (AA). The drawings that make up the "Gas Tank City" book and exhibition celebrate every inch of the classic American truck, particularly the iconic Kenworth model. While the words “hyperreal” and “photorealistic” are used to describe his work, Holmes points out that the drawings are “completely unlike” photographic images. Together, “Gas Tank City” creates a portrait of life on the road, detached from specificities of time and place.
Persons: Andrew Holmes, Holmes ’, Holmes, Richard Rogers, , ” Holmes, Organizations: CNN, Gas, Press, London’s Architectural Association, AA, Centre Pompidou, , “ Gas Locations: Paris, Bromsgrove, New York City, Los Angeles, California, London, Andrew Holmes In California, England, “ Gas Tank,
Vox Media has also doubled down on investing in podcasting and is helping its podcast creators expand into live events. Jackie Cinguina, chief marketing officer, and Lillian Xu, executive director, spoke with BI about the company's offerings for podcast creators. Vox Media leans on specific marketing, like placing podcast talent into larger in-person events to perform, like South by Southwest. "From an audience standpoint, we thought it was really important," Xu said about bringing back live events. You see them react to the audience and feed off of them when they are in front of a live audience."
Persons: , Cary, Michael Huang, Cary Huang, Huang, Tana Mongeau, Brooke Schofield, Jake Shane, Ethan, Hila Klein, Mongeau, Schofield, Hugo Amsellem, it's, Jenna Bandy, Bree Green, Carson Roney, Alex Sheinman, Claire Parker, Ashley Hamilton, Parker, Hamilton, cohost Claire, Dan Howell, Phil Lester, Howell, Lester, Ariana Nathani, Jackie Cinguina, Lillian Xu, Cinguina, Vox, Xu, they're, Delia Cai, Hunter Harris, Emilia Petrarca, Sophia Efthimiatou, Efthimiatou Organizations: Service, Saban Media Center, Disney, Nickelodeon, YouTube, Business, Dolby Theatre, Snapback Agency, Snapback, of, Creators, Netflix, Vox, Vox Media, BI, Southwest, IRL Locations: Hollywood, LA, America, of America, York, Hamilton, South
The 36-year-old business coach said she's been gearing up for an "inevitable shift" in how work will operate since 2014. Upwork's latest data shows that nearly 64 million Americans — representing nearly 40% of the entire US workforce — have undertaken freelance work. Stats like these further reiterate the growing recognition of the importance of having multiple income streams. Dixon also uses this strategy in her freelance career. People without side hustles could struggleUltimately, Dixon stands by the idea that everyone should have a side hustle.
Persons: , Reid Hoffman, Hannah Dixon, Dixon, she's, She's, It's, it's Organizations: Service, Twitter, Business
How birria took over restaurant menus across the country
  + stars: | 2024-09-25 | by ( Amelia Lucas | ) www.cnbc.com   time to read: +5 min
Birria burrito surrounded by birria tacos, birria munchwrap, birria loaded fries and birria consommé at Little Miner Taco in North Bethesda, Maryland. Birria tacos use the slow-cooked meat as a filling and usually include a consommé on the side to dip the taco. Over the past four years, birria has seen its presence on restaurant menus grow 412%, largely thanks to midscale and casual-dining chains, according to market research firm Datassential. More recently, birria took off in New York City, with restaurants and food trucks serving up tacos and consommé across the five boroughs. Finding opportunityQdoba's Brisket Birria, seen here in the chain's quesadillas.
Persons: birria tacos, birria, Laura Chase de Formigny, chiles, El, Del, Taco Bell, Scott Suchman, Steven Alvarez, Alvarez, Don Guadalupe Zárate, Birrieria Gonzalez, TikTok, Qdoba's Brisket, Katy Velazquez, Qdoba, Velazquez, Lamb, Liz Hafalia Organizations: Little Miner, Washington Post, Getty, John's University, Butterfly Equity, San Francisco Chronicle, Hearst Newspapers Locations: Little, North Bethesda , Maryland, Mexican, U.S, Del Taco, Jalisco, Washington ,, St, Europe, Americas, Tijuana, Mexico, Los Angeles, California, New York City, Oakland , California
CNN —New York City Mayor Eric Adams has been indicted on at least one federal criminal charge, multiple sources familiar with the matter tell CNN. The indictment follows a monthslong federal investigation into campaign fundraising violations and foreign influence. The mayor is expected to have several days to turn himself in, according to sources familiar with the case. New York City campaign finance records show Arkan donated $1,500. As part of their investigation, FBI agents seized Adams’ cell phones days after the raid on Suggs’ home.
Persons: Eric Adams, Adams, , ” Adams, He’s, Edward Caban, Lisa Zornberg, Adams ’, Zornberg, David Banks, Brianna Suggs, Suggs, Erden Arkan, Arkan, Suggs ’, , Jumaane Williams Organizations: CNN, New, New York City, The New York Times, Mansion, City Hall, US, Southern, of, NYPD, Democratic Party, New York Police Department, KSK, FBI, Democratic, Turkish Locations: New York, New, of New York, America’s, City, Brooklyn, New York City, Manhattan, Adams ’, Turkish, Turkey, Üsküdar
The Chevrolet Blazer EV is a battery-electric midsize SUV built on GM's Ultium EV platform. I was impressed by the Blazer EV's stylish looks, roomy cabin, smooth ride, and massive touchscreen. Go to newsletter preferences Thanks for signing up! AdvertisementThe 2024 Chevrolet Blazer EV was one of the most eagerly awaited electric vehicles to hit the market when it debuted in late 2023. Until recently, the General Motors EV lineup had consisted primarily of luxury vehicles like the Cadillac Lyriq and high-priced pickups like the Hummer EV.
Persons: Organizations: Chevrolet, Blazer, Apple, Service, General Motors EV, GM, Business
CNN —The United States is working urgently on a plan to mediate a ceasefire between Israel and Hezbollah, according to three sources familiar with the matter, as officials eye with deepening concern the prospects of a widening conflict. The efforts come as Israel’s top general said Wednesday that the Israeli military is preparing for a possible ground incursion into Lebanon. Israel’s Prime Minister Benjamin Netanyahu has given the green light for his government to engage with the US efforts, an Israeli official told CNN. Amos Hochstein, a senior White House adviser, is involved, the source said, adding that the Americans are not talking to Hezbollah directly. Because while there’s a very legitimate issue here, we don’t think that war is the solution,” he told NBC News.
Persons: Benjamin Netanyahu, Netanyahu, Amos Hochstein, Joe Biden, , Antony Blinken Organizations: CNN, Israel’s, White House, United Nations General, UN Security, West Bank, NBC News Locations: United States, Israel, France, Gaza, Lebanon, New York
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: Trane Tech, American Tower, Regeneron and Taiwan SemiThe Investment Committee give you their top stocks to watch for the second half.
Organizations: Trane Tech, Taiwan Semi The Investment Locations: Regeneron, Taiwan
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. After graduation I was hired by McKinsey & Company, a management consulting firm, where I was a business analyst. I traveled the globe as an exec, but returned home for the Renaissance fair every yearI first went to a Renaissance faire on a middle school field trip. Courtesy of George ApplingFrom 2015 to 2018 I had a foot in both worlds: running the faire while also launching a tech company. But the most important thing to me is the joy that the faire and its summer camp bring to people.
Persons: , George Appling, I'd, Sherwood, I've Organizations: Service, Texas, Business, McKinsey & Company, Harvard, Texas Renaissance, Mobile World Locations: Texas, Australia, England, Russia, Sherwood, Austin, Barcelona
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with MercadoLibre CEO Marcos GalperinMarcos Galperin, MercadoLibre CEO, joins CNBC's Kate Rooney to discuss how the e-commerce and payments company ballooned to dominate the Latin American market, and why it's emerging as a top pick on Wall Street as investors look for tech opportunities.
Persons: Marcos Galperin Marcos Galperin, Kate Rooney
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Impossible' to improve American health without removing harmful chemicals, says Jillian MichaelsJillian Michaels, fitness expert and podcast host, joins CNBC's 'Power Lunch' to discuss her congressional testimony on removing harmful chemicals from foods, her thoughts on weight loss drugs, and more.
Persons: Jillian Michaels Jillian Michaels
Before this change, 988 callers were routed to a call center based on their area code rather than physical location. Next month, the Federal Communications Commission will vote on a rule that would require all wireless carriers in the US to implement georouting for 988 calls. “In times of crisis, every minute matters – especially when seeking help for yourself or a loved one in need of mental health support. The line operates 24 hours a day, seven days a week, and comprises over 200 local crisis centers across the country. “No more 988 calls and messages will be needlessly sent to crisis centers hundreds of miles away,” Rosenworcel said.
Persons: , ” Miriam E, Jessica Rosenworcel, SAMHSA, Dr, Sanjay Gupta, Rosenworcel, ” Rosenworcel, “ I’m, ” CNN’s Jacqueline Howard, Mira Cheng Organizations: CNN, US Department of Health, Human Services, Federal, Mental Health Services Administration, Verizon, Mobile, Federal Communications Commission, Lifeline, Prevention, CNN Health, National Alliance, Mental, FCC, HHS Locations: Los Angeles, New York
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