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☆ Amazon's appearance at Upfronts highlights push beyond digital ads and into traditional media
▼ + stars: | 2024-05-15 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +4 min

But it's no longer just about digital ad dollars, and Amazon's inaugural presence at this year's Upfronts events is the clearest indication that the e-commerce giant is prepared to take on traditional media. Amazon's Prime Video and other streamers would historically be featured at Newfronts, which is digital media's take on Upfronts. This year, they're projected to spend roughly $18.8 billion on traditional TV ads during Upfronts, an increase of 1% from a year earlier, according to eMarketer. 1 question all of you asked was, 'When are you going to show ads on Prime Video?'" He showed how the business has evolved to include digital video ads on Prime Video.

Persons: they're, Cowen, Alan Moss, we've, Reese Witherspoon, Jake Gyllenhaal, Paul Kotas, We've, Kotas, we're, — CNBC's Lillian Rizzo, Alex Sherman Organizations: Meta, Google, Amazon, Disney, Comcast, Netflix, Google's YouTube, Prime, Revenue, National Football League, CNBC Locations: Amazon, U.S

☆ Robert Fico: Slovakia’s PM in life-threatening condition after being shot multiple times
▼ + stars: | 2024-05-15 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +3 min

CNN —Slovakia’s Prime Minister Robert Fico was in a life-threatening condition in hospital Wednesday after he was shot multiple times in an assassination attempt. Slovakia's Prime Minister Robert Fico attends a European Council summit in Brussels, on April 18, 2024. Kenzo Tribouillard/AFP via Getty Images/FILEFico previously served as Slovakia’s prime minister for more than a decade, first between 2006 and 2010 and then again from 2012 to 2018. European Commission President Ursula von der Leyen, tweeted: “I strongly condemn the vile attack on Prime Minister Robert Fico. My thoughts are with PM Fico, his family.”And Hungarian Prime Minister Orban added: “I was deeply shocked by the heinous attack against my friend, Prime Minister Robert Fico.

Persons: CNN —, Robert Fico, Fico, Zuzana Čaputová, “ I’m, Roberto Fico, ” Čaputová, upend, “, ”, Vladimir Putin, Viktor Orban, Kenzo Tribouillard, Jan Kuciak, Martina Kušnírová, Kuciak, Ursula von der Leyen, Orban Organizations: CNN, CNN — Slovakia’s, Facebook, Ukraine, NATO, Kremlin, Hungary’s, European Union, Slovakia's, Getty Locations: Handlova, Banska Bystrica, Bratislava, Slovak, Ukraine, Brussels, AFP, Hungarian

☆ How my family of 6 spent nearly $9,000 on a Disney vacation — and what we'll do differently next time
▼ + stars: | 2024-05-15 | by ( Daryl Austin | ) www.businessinsider.com time to read: +9 min

First off, driving instead of flying saved us a lot of moneyMy family added a road-trip component to our trip. Daryl AustinWe saved money by driving to Disney instead of flying. AdvertisementLastly, we saved money by cutting back on character-dining experiences and sharing most of our mealsOur family split meals at Disneyland when we could. In hindsight, this means we could've saved some serious money on tickets and food costs by cutting out our last two days at Disney. Otherwise, my wife and I will be dreading the next Disney vacation nearly as much as our kids will be eagerly anticipating it.

Persons: —, Daryl Austin, That's, we'd, we've, Dole, would've, could've, Daryl Austin Disney Organizations: Service, Universal Studios, Business, Marriott, Gas, Disney, we've, Disneyland, Minnie Locations: Utah, Southern California, California, Salt Lake City, Los Angeles, Las Vegas, Marriott Anaheim, Disneyland

☆ A France in Shock Confronts the Violence in Its Midst
▼ + stars: | 2024-05-15 | by ( Roger Cohen | ) www.nytimes.com time to read: +1 min

If France is a country of illusions — a beautiful and seductive land offering many of life’s greatest pleasures that sits atop and conceals a crime-ridden, drug-plagued world of violence — then the past week offered a rude awakening to this dual reality. The Olympic flame arrived on French soil last week in the ancient port city of Marseille as a joyous crowd thronged the beautiful harbor. The chatter was of peace ahead of the Games, which begin in July. But the flame also arrived in a city whose northern districts are the epicenter of the French drug trade, where 49 people were killed last year and 123 injured in drug-related shootings. This, just 85 miles from the capital, was a methodical execution in broad daylight on the main road from Paris to Normandy.

Persons: —, Mohamed Amra, Jérôme Durain, “, ” Organizations: Socialist Party Locations: France, Marseille, Paris, Normandy

☆ Georgia’s Parliament Gives Final Approval to ‘Foreign Agents’ Measure
▼ + stars: | 2024-05-14 | by ( Ivan Nechepurenko | ) www.nytimes.com time to read: +1 min

The Parliament of Georgia gave final approval on Tuesday to a contentious bill that has prompted a series of tense protests in the capital, Tbilisi, spurred by fears that the legislation could push the country back into the Kremlin’s orbit. President Salome Zourabichvili has promised to veto the bill. But Georgian Dream, the governing party in Georgia since 2012, has enough votes to override her veto. Georgia’s justice ministry would be given broad powers to monitor compliance. Violations would incur fines equivalent to more than $9,300.

Persons: Salome Zourabichvili Locations: Georgia, Tbilisi, Caucasus

☆ See inside Oheka Castle, the 127-room Long Island estate that inspired 'The Great Gatsby'
▼ + stars: | 2024-05-14 | by ( Gabbi Shaw | ) www.businessinsider.com time to read: +1 min

I took a tour of Long Island's Oheka Castle, an hour west of Manhattan. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . One of those owners was financier Otto Hermann Kahn, who built Oheka Castle — named after its owner (Oh-He-Ka) — on Long Island in 1919. This story is available exclusively to Business Insider subscribers.

Persons: Long, It's, —, Otto Hermann Kahn, Kahn Organizations: Service, Business Locations: Manhattan, New York, Long

☆ U.S. energy panel approves rule to expand transmission of renewable power
▼ + stars: | 2024-05-14 | by ( ) www.cnbc.com time to read: +6 min

Republican Mark Christie opposed the rule, dismissing it as a gift to solar and wind power operators. Many power companies and Republican-led states don't want to spend money on new transmission lines or upgrades for renewable energy, creating conflicts with Democratic states that have ambitious clean-energy goals. The rule is intended to streamline how power lines are sited and how costs are shared between states. It could accelerate construction of new transmission lines for wind, solar and other renewable power and add huge amounts of clean energy to the grid. The new rule "will improve regional transmission planning, break down barriers to grid buildout and support the delivery of more affordable and reliable power,″ Zaidi said.

Persons: Joe Biden's, Willie Phillips, Allison Clements, Republican Mark Christie, Phillips, Christie, ″, Biden, Ali Zaidi, ″ Zaidi, Clements, Heather O'Neill, Chuck Schumer, Schumer Organizations: Federal Energy Regulatory Commission, Democratic, Republican, Energy Department, FERC, Advanced Energy Locations: Washington, U.S

☆ Michael Cohen resumes Trump trial testimony with House Speaker Johnson watching
▼ + stars: | 2024-05-14 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

Trump will be joined at his criminal trial by House Speaker Mike Johnson, and several other Republican politicians, NBC reported. On Monday, Trump's former lawyer and fixer told jurors that Trump had complained, "This is a disaster!" Republican presidential candidate former President Donald Trump and Speaker of the House Mike Johnson (R-LA) hold a press conference at Mr. Trump's Mar-a-Lago estate on April 12, 2024, in Palm Beach, Florida. Joe Raedle | Getty ImagesCohen testified that Trump told him to, "Just do it," to keep Daniels quiet. "Fantastic," Trump said after being told that effort had succeeded, keeping another woman quiet about claims that could harm his 2016 campaign, Cohen testified.

Persons: Michael Cohen, Susan Hoffinger, Donald Trump's, Stormy Daniels, Jane Rosenberg, Donald Trump, Trump, Mike Johnson, Trump's, Cohen, Joe Raedle, Daniels, Allen Weisselberg, Weisselberg, Karen McDougal, reimbursements Organizations: NBC, Trump, Daniels, Mr, Getty, Trump Organization, National Enquirer Locations: Manhattan, New York City, U.S, Louisiana, Lago, Palm Beach , Florida

Tbilisi, Georgia CNN —Georgia’s parliament has passed a controversial “foreign agents” bill despite widespread domestic opposition and warnings from the European Union that its enactment would imperil the country’s chances of joining the bloc. Many Georgians fear their foreign agents bill will be used the same way in their country. Georgia’s parliament now has 10 days to send the bill to President Salome Zourabichvili, who has already vowed to veto it. However, EU leaders have made it clear that the foreign agents bill’s passage would jeopardize Georgia’s chances of accession. Georgian law enforcement officers detain a demonstrator near the parliament in Tbilisi on May 14.

Persons: Georgia CNN —, Salome Zourabichvili, Zourabichvili, Giorgi Arjevanidze, Bidzina Ivanishvili, they’ve, Putin, ” Zourabichvili, Shakh, Levan Khabeishvili, “, ” Khabeishvili, ” Dmitry Peskov, Vladimir Putin’s, Irakli, CNN’s Christian Edwards, Anna Chernova, Vasco Cotovio Organizations: Georgia CNN, European Union, EU, United, Getty, Soviet Union, Georgian, CNN, European Locations: Tbilisi, Georgia, Russia, Ukraine, Europe, Soviet, United States, Caucasus, Turkey, Armenia, Azerbaijan, AFP, Russian, Moscow

☆ Singapore’s Riches Grew Under Its Leader. So Did Discontent.
▼ + stars: | 2024-05-14 | by ( Sui-Lee Wee | ) www.nytimes.com time to read: +1 min

He made Singapore even more prosperous by largely following the semi-authoritarian and free-market model pioneered by his father, Lee Kuan Yew, the country’s first leader. On Wednesday, Singapore gets a new leader for the first time in nearly 20 years. But there are concerns that the vaunted “Singapore model” is failing more and more people. Singapore is one of the most expensive cities in the world, but it does not have a minimum wage. The strains are exacerbated by the need for overseas workers; about 40 percent of Singapore’s nearly six million people are not citizens.

Persons: Taylor Swift, Lee Hsien Loong, Lee Kuan Yew, Lee, Lawrence Wong Locations: Singapore, United States

☆ How Has Trump Changed the G.O.P.? His Criminal-Trial Guest List Tells the Tale.
▼ + stars: | 2024-05-14 | by ( Shane Goldmacher | ) www.nytimes.com time to read: +1 min

The Republican Party has changed a lot since Donald J. Trump last spent this much time at Trump Tower. Stuck in New York City four days a week during his criminal trial, Mr. Trump is now back in the same 66th-floor penthouse suite where he weathered so many scandals during his 2016 presidential run. Back then, Mr. Trump was the Republican nominee, but still very much a party outsider. After the “Access Hollywood” video broke in October 2016 and he was heard bragging about grabbing women’s genitals, he spent the weekend in Trump Tower watching defections. Mr. Vance began his day at Trump Tower and then went inside the courthouse on the same day that some of the “Access Hollywood” episode was recounted and a secret recording played in which Mr. Trump discussed payoffs to bury harmful stories.

Persons: Donald J, Trump, Trump’s, J.D, Vance of, Vance Organizations: Republican Party, Trump, New York City, Republican, Trump Tower Locations: New York, Vance of Ohio

☆ It sure looks like Mark Zuckerberg is taking a brand new superyacht out to celebrate his 40th birthday
▼ + stars: | 2024-05-14 | by ( Madeline Berg | Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAll signs point to Mark Zuckerberg celebrating his 40th birthday on what many speculate is his brand-new superyacht Launchpad. But in the yachting world, where privacy is paramount, no party would confirm her owner. This story is available exclusively to Business Insider subscribers. Wingman, the support superyacht that he is suspected to have purchased with Launchpad, made the journey with her.

Persons: —, Mark Zuckerberg, Zuckerberg, Ruben Griffioen, eSysman, Autoevolution, Launchpad, he's Organizations: Service, Business, Meta, SuperYacht Times, Marshall Locations: Panama, Fort Lauderdale , Florida, Russian, Launchpad, Feadship's, Netherlands

☆ Genius or madness? Why Putin wants an economist to be Russia's new defense minister at a key point in the war
▼ + stars: | 2024-05-14 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +7 min

But Putin's replacement of Defense Minister Sergei Shoigu was unexpected — and his choice of successor, civilian economist Andrei Belousov, was even more of a surprise. Russia's incoming Defense Minister Andrey Belousov. "Belousov's main goal is to secure [Russia's] military needs in terms of arms. The Kremlin announced on Sunday that Shoigu, Russia's defense minister since 2012, had been relieved of his post and would become secretary of Russia's influential Security Council. Prigozhin died last August in a plane crash after a short-lived and ill-fated rebellion against Russia's military leadership.

Persons: Vladimir Putin, Miguel Diaz, Maxim Shemetov, Sergei Shoigu, Andrei Belousov, Belousov, Putin, Andrey Belousov, Shoigu, Belousov's, Dmitry Peskov, Peskov, Uralvagonzavod, Ramil Sitdikov, Staff Valery Gerasimov, Tatiana Stanovaya, Stanovaya, Nikolai Patrushev, Yevgeny Prigozhin, Ukraine —, Prigozhin, Valery Gerasimov, Mikhail Klimentyev Organizations: Cuban, Canel, Reuters, NATO, Institute for, Anadolu, Getty, Kremlin, Russian MoD, Defense Ministry, Sputnik, Afp, Staff, Carnegie Russia Eurasia Center, CNBC, Nazi, Security, Wagner Group, Russian Armed Forces, Russian Defence, Defence Ministry Board, National Defence Control Centre Locations: Moscow, Russia, Ukraine, Washington, Kharkiv, Russian, Urals, Nizhny Tagil, Nazi Germany, Kremlin

☆ Why Johnson’s appearance at Manhattan courthouse stands out among Republicans backing up Trump
▼ + stars: | 2024-05-14 | by ( Stephen Collinson | ) edition.cnn.com time to read: +6 min

CNN —House Speaker Mike Johnson is not waiting for ex-President Donald Trump to be judged by a jury of his peers. Vance, a possible VP contender, was there along with Alabama Sen. Tommy Tuberville, a famed former college football coach. The speaker’s appearance is different, given the constitutional heft of his office and the figurative connotations it evokes. Some experts have questioned whether any other defendant besides Trump would face the same indictment at the hands of a prosecutor, Manhattan District Attorney Alvin Bragg, a Democrat. Trump is exercising his right to mount a defense and is considered innocent until proven guilty.

Persons: Mike Johnson, Donald Trump, He’s, Trump, Johnson, Michael Cohen, Ohio Sen, J.D, Vance, Alabama Sen, Tommy Tuberville, Doug Burgum, ”, he’s, Stormy Daniels, Daniels, Cohen, Trump’s, –, ” Johnson, Attorney Alvin Bragg, “ Organizations: CNN —, Republican, Louisiana Republican, Trump, ”, Ohio, Alabama, North Dakota Gov, GOP, Attorney, Democrat Locations: Louisiana, New York, Manhattan

☆ Georgia passes 'Russia-style' law on foreign influence despite U.S. warnings and mass protests
▼ + stars: | 2024-05-14 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Georgian demonstrators protesting the controversial "foreign influence" bill stand in front of law enforcement officers blocking an area near the parliament building in Tbilisi on May 14, 2024. Georgian lawmakers on Tuesday passed a highly controversial "Kremlin-style" law on foreign influence, despite massive protests in the country and repeated warnings from the U.S. and European Union. Members of the Georgian Parliament physically came to blows as lawmakers held the third and final reading of the so-called "foreign agents" bill, before ultimately approving the legislation. The foreign influence bill calls for media outlets, nonprofits and other nongovernmental organizations to register as "pursuing the interests of a foreign power" if they receive more than 20% of their funding from abroad. Georgian President Salome Zourabichvili has previously vowed to veto the bill.

Persons: Salome Zourabichvili Organizations: Union, Georgian Locations: Tbilisi, U.S, Georgian, Soviet Union

☆ Daniel Kramer, Who Photographed Bob Dylan’s Rise, Dies at 91
▼ + stars: | 2024-05-14 | by ( Alex Williams | ) www.nytimes.com time to read: +1 min

Daniel Kramer, a photojournalist who captured Bob Dylan’s era-tilting transformation from acoustic guitar-strumming folky to electric prince of rock in the mid-1960s, and who shot the covers for his landmark albums “Bringing It All Back Home” and “Highway 61 Revisited,” died on April 29 in Melville, N.Y., on Long Island. His death, in a nursing home, was confirmed by his nephew Brian Bereck. Rolling Stone magazine once described Mr. Kramer as “the photographer most closely associated with Bob Dylan.” But that designation seemed highly improbable at the outset. Although Mr. Dylan had already begun his rise to global fame — he released his third album, “The Times They Are a-Changin’,” in early 1964 — Mr. Kramer knew little about him. That changed in February 1964, when he watched the 22-year-old Mr. Dylan perform his rueful ballad “The Lonesome Death of Hattie Carroll” on “The Steve Allen Show.” The song details a real event in which a Black woman died after being struck with a cane by a wealthy white man at a white-tie Baltimore party.

Persons: Daniel Kramer, Bob Dylan’s, ”, Brian Bereck, Kramer, Bob Dylan, Dylan, —, Mr, Hattie Carroll ”, Steve Allen Organizations: Stone, Baltimore Locations: “, Melville , N.Y, Long, ”

☆ Anti-Monarchy Activist in Thailand Dies After Hunger Strike
▼ + stars: | 2024-05-14 | by ( Sui-Lee Wee | ) www.nytimes.com time to read: +1 min

To Netiporn Sanesangkhom, the right to dissent and to question Thailand’s powerful monarchy belonged to all Thais. On Tuesday, her crusade to highlight this cause in the face of the country’s strict ban on royal criticism ended in her death. Ms. Netiporn, also known as Bung, 28, was one of Thailand’s most prominent activists calling for changes to the monarchy. She died after a hunger strike that she began in prison on Jan. 27 to pressure the Thai authorities to put an end to jailing political activists. For more than two months, Ms. Netiporn refused food, water and all forms of medication.

Persons: Netiporn Sanesangkhom, Netiporn, Netiporn’s Organizations: Thais, Department of Corrections, Thai Party Locations: Thai

☆ 6 details to remember before watching season 3 of 'Bridgerton'
▼ + stars: | 2024-05-14 | by ( Olivia Singh | ) www.businessinsider.com time to read: +1 min

Eloise Bridgerton's friendship with Penelope Featherington is on the rocks after figuring out that she's Lady Whistledown. Claudia Jessie as Eloise Bridgerton and Nicola Coughlan as Penelope Featherington on the season two finale of "Bridgerton." But before Eloise could lie to Queen Charlotte, Penelope purposely wrote another scathing issue of Lady Whistledown's gossip column and revealed that Eloise was associating with political radicals. In the finale, Eloise noticed the way Penelope gossiped about the other attendees at a party and realized that she was Lady Whistledown. Penelope justified writing the scandalous news about Eloise because she felt it was the only way to convince Queen Charlotte that Eloise wasn't Whistledown.

Persons: Eloise Bridgerton's, Penelope Featherington, Whistledown, Claudia Jessie, Eloise Bridgerton, Nicola Coughlan, Queen Charlotte, Golda Rosheuvel, Eloise, Lady Whistledown, Penelope, Whistledown's, Penelope gossiped, Eloise wasn't Whistledown Organizations: Netflix

☆ I'm a Gen Zer who moved to London from the US. I wouldn't recommend it if you're used to American salaries and social life.
▼ + stars: | 2024-05-14 | by ( Maria Noyen | ) www.businessinsider.com time to read: +5 min

AdvertisementMoving to London can be tough if you're used to American salaries and social lifeI've looked into moving to New York. My friend who moved to New York when I moved to London started at $80,000. One of my favorite things about London is anytime people from home come over, I'm like, "Let's take a trip." I want to try other cities, but I think I'm just going to end back up in London. I really love London.

Persons: —, Gladys Nkengasong, I've, Nkengasong, Let's, let's, It's, I'm Organizations: Service, Business Locations: Atlanta, Ivory Coast, England, Southampton, London, New York, Canada, Europe, France

☆ Got a spare $324 million? Buy a slice of this strategic Arctic archipelago
▼ + stars: | 2024-05-14 | by ( Jack Guy | ) edition.cnn.com time to read: +3 min

CNN —The last piece of privately-owned land in the Arctic archipelago Svalbard is up for sale for a cool 300 million euros ($324 million). The Arctic is of increasing geopolitical importance as climate change melts sea ice. The land is governed by the Svalbard Treaty. Knight FrankAn eventual buyer will in fact acquire Aktieselskabet Kulspids, a privately owned Norwegian limited company which owns the land. The purchaser will have to come from one of the 46 nations that have ratified the Svalbard Treaty, which established Norwegian sovereignty over the archipelago.

Persons: Knight Frank, Knight Frank “, Wedel, Kyllingstad, ”, Jonathan Webb, Zeiler Floyd Zadkovich, Webb Organizations: CNN, “ Locations: Svalbard, Norway, Longyearbyen, Norwegian, Oslo, Svalbard Treaty, China

☆ German Court Fines Far-Right Leader for Using Nazi Phrase
▼ + stars: | 2024-05-14 | by ( Christopher F. Schuetze | More About Christopher F. Schuetze | ) www.nytimes.com time to read: +1 min

A German court on Tuesday found a prominent far-right politician from the Alternative for Germany party guilty of using a banned Nazi slogan during a campaign speech in 2021. A panel of four judges sentenced the politician, Björn Höcke, head of the Alternative for Germany party in the eastern state of Thuringia, to a fine of 13,000 euros, roughly $14,000. The trial, in the city of Halle, has been closely watched in Germany as the far-right nationalist party, known as the AfD, stands to make major gains in state elections in September. During the trial, which began last month, Mr. Höcke admitted to using the phrase “Everything for Germany” but claimed that he had not known about its Nazi origin. The slogan was used by the paramilitary wing of the Nazi party, which engraved it on their knives.

Persons: Björn Höcke, Höcke, Germany ” Organizations: Germany, Nazi Locations: Germany, Nazi, Thuringia, Halle

☆ West Virginia Gov. Jim Justice will win Republican nomination for Manchin’s seat, CNN projects
▼ + stars: | 2024-05-14 | by ( Eric Bradner | David Wright | ) edition.cnn.com time to read: +2 min

CNN —West Virginia Gov. Jim Justice will win the state’s Republican US Senate primary, CNN projects, positioning the two-term governor as the clear favorite to succeed retiring Democratic Sen. Joe Manchin in the deep-red state. The West Virginia Senate seat has long been seen as the most likely to flip this cycle and will be key to GOP hopes of winning the Senate this November. National Republicans, including former President Donald Trump, largely coalesced in the West Virginia Republican primary around Justice, who was barred by term limits from seeking reelection as governor. Still, in the closing weeks, the Senate contest turned bitter as Justice and Mooney traded sharp jabs on air.

Persons: Jim Justice, Democratic Sen, Joe Manchin, Alex Mooney, ’, Donald Trump, Mooney, “, “ Mooney, ”, Manchin, — Trump Organizations: CNN, West Virginia Gov, Republican, Senate, Democratic, GOP, Caucus, The West, The West Virginia Senate, National Republicans, West Virginia Republican, Justice, ”, Democrat, Trump, New York Times Locations: The West Virginia, , Montana and Ohio, Arizona , Michigan, Nevada , Pennsylvania, Wisconsin, West Virginia, Greenbrier

Learn moreCountry star Morgan Wallen is continuing his tour throughout 2024, and tickets to his upcoming concert dates are getting snatched up quickly. We've got you covered if you're looking for ways to buy tickets to Morgan Wallen's 2024 concert tour. Morgan Wallen 2024 tour scheduleMorgan Wallen has 28 concert dates still remaining on his 2024 world tour. Compared to similar acts currently touring, Morgan Wallen tickets are relatively expensive. Of course, ticket prices for Morgan Wallen's 2024 tour vary depending on date, location, and demand for each show.

Persons: Morgan Wallen, Morgan, Morgan Wallen's, Post Malone, We've, Wallen, Bailey Zimmerman, Jelly Roll, Jon Pardi, Lainey Wilson, Parker McCollum, Nate Smith, Bryan Martin, Lauren Watkins, Larry Fleet, Koe Wetzel, Ella Langley, Ireland Ella Langley, Koe, Arlington , TX Parker McCollum Organizations: Business, Panama City Beach, SC, Ticketmaster, Glasgow, Gulf, Vivid, Fleet, Koe Wetzel, East Rutherford , NJ Morgan Locations: North America, Europe, Dublin, Ireland, East Rutherford, NJ, Ridgedale, Panama City, Virginia Beach, Myrtle Beach, Minneapolis, Denver, London, England, Tampa, Charlotte, NC, Arlington, TX, Kansas City, Vegas, Stockholm, Sweden, Oslo, Norway, Copenhagen, Denmark, Amsterdam, Netherlands, Glasgow, Scotland, Charlotte , NC, Ridgedale ,, Gulf Coast, Minneapolis ,, Kansas City ,, Las Vegas, Arlington , TX, East Rutherford , NJ, Virginia Beach ,, Arlington ,, East Rutherford ,, New Zealand, Australia, Canada

☆ What Biden’s tariffs on Chinese imports may mean for American jobs, the economy and inflation
▼ + stars: | 2024-05-14 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

Biden’s tariff plan likely won’t move the needle for monetary policy, said Ryan Sweet, chief US economist at Oxford Economics. “Consumers and producers often pay higher prices when tariffs are implemented.”That’s because tariffs tax imports when they come ashore, adding costs for US distributors, retailers and, ultimately, consumers. Worse, some businesses appeared to take advantage of the trade war by bumping up prices even higher. Container shipping imports from China to Mexico rocketed higher by 60% in January and 34% for the first quarter, Xeneta data shows. “It’s obvious that imports to this extent are not only for domestic purposes in Mexico,” he said.

Persons: Biden, Joe Brusuelas, Donald Trump’s, Trump, —, Ryan Sweet, ” Sweet, Sweet, George W, Bush, Barack Obama, Goldman Sachs, ”, Wells, Nicole Cervi, “ There’s, ” Cervi, Peter Sand, “, Sand, “ It’s Organizations: CNN, RSM US, stoke, Oxford Economics, Biden, Peterson Institute for International Economics, Trump, Federal, “, US International Trade Commission, New, New York Fed, National Bureau of Economic Research, Republican, ramped, Container Locations: China, New York, “, South Korea, Singapore, Taiwan, Vietnam, Wells, Mexico

☆ Why bitcoin hasn't joined the latest meme stock craze this week
▼ + stars: | 2024-05-14 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

GameStop and fellow meme stock AMC Entertainment are each up more than 160% over the past two days. "This isn't 2021 when the world was locked down and awash with liquidity," said Antoni Trenchev, cofounder of crypto exchange Nexo. To be sure, there's a world of cryptocurrencies beyond bitcoin that includes meme coins. Noelle Acheson, economist and author of the "Crypto is Macro Now" newsletter, added that the meme stock run was "more of a revving of engines than a full take-off" and that macro issues are still pressuring bitcoin. Sylvia Jablonski, CEO and chief investment officer at Defiance ETFs, added that although bitcoin was "lumped into the meme stock category" in 2021, the market is starting to show signs of being taken more seriously now.

Persons: bitcoin, Bitcoin's, Antoni Trenchev, haven't, Shiba, Noelle Acheson, Acheson, Sylvia Jablonski Organizations: GameStop, AMC Entertainment, AMC, Metrics Locations: bitcoin, U.S, BlackRock, Defiance

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