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☆ Progressive Democrats Scramble to Save One of Their Stars From Defeat
▼ + stars: | 2024-06-15 | by ( Nicholas Fandos | ) www.nytimes.com time to read: +1 min

Representative Alexandria Ocasio-Cortez of New York has declared the race her most pressing electoral priority. Senator Bernie Sanders of Vermont is slated to join her for a pre-election rally in the Bronx. And a powerful pro-Israel lobby working for the other side has already shattered spending records. On one side, nearly the entire local Democratic establishment, including Mr. Sanders’s 2016 rival, Hillary Clinton, has lined up behind Mr. Latimer, the Westchester County executive. So has the American Israel Public Affairs Committee, a pro-Israel lobby that has already spent $12 million — more than any other race in its history — to try to defeat Mr.

Persons: Alexandria Ocasio, Cortez, Bernie Sanders, Jamaal Bowman, George Latimer, Sanders’s, Hillary Clinton, Latimer, —, Bowman, Israel Organizations: Democratic, American Israel Public Affairs Committee Locations: Cortez of New York, Vermont, Bronx, Israel, New York, Westchester County

☆ The good economic news this week was just that … good news
▼ + stars: | 2024-06-15 | by ( Alicia Wallace | ) edition.cnn.com time to read: +5 min

CNN —“Good news is bad news” has been a common refrain for a while now. When economic reports are released that are solid, they have all too often been clouded with concerns that good news for the economy actually means a longer wait before the Federal Reserve rolls out rate cuts. Inflation as measured by the Consumer Price Index cooled more than expected in May, with prices holding flat on the month for the first time since July 2022. The markets don’t seem to be buying the one-cut plan, especially after the Producer Price Index on Thursday showed that wholesale prices fell from April to May and the BLS’ Import and Export Price Index showed that US imports prices fell 0.4% in May after rising 0.9% in April. And more good news is likely on the way this next week and later this month, Brusuelas said.

Persons: CNN —, ”, Joe Brusuelas, —, ” Brusuelas, spoilsport, Price, ” Chris Rupkey, “, ” Rupkey, Brusuelas Organizations: CNN, Federal Reserve, RSM US, New York Fed, National Federation of Independent, Consumer, Index, BLS, Price, FwdBonds, CPI, PPI

☆ Washington Post Publisher and Incoming Editor Are Said to Have Used Stolen Records in Britain
▼ + stars: | 2024-06-15 | by ( Justin Scheck | Jo Becker | ) www.nytimes.com time to read: +1 min

The publisher and incoming editor of The Washington Post used fraudulently obtained phone and company records in newspaper articles as journalists in London, according to a former colleague, the published account of a private investigator and an analysis of newspaper archives. Will Lewis, The Post’s publisher, assigned one of the articles in 2004 as business editor of The Sunday Times. Another was written by Robert Winnett, whom Mr. Lewis recently announced as The Post’s next executive editor. The use of deception, hacking and fraud is at the heart of a long-running British newspaper scandal, one that toppled a major tabloid in 2010 and led to years of lawsuits by celebrities who said that reporters improperly obtained their personal documents and voice mail messages. Mr. Lewis has maintained that his only involvement in the controversy was helping to root out problematic behavior after the fact, while working for Rupert Murdoch’s News Corporation.

Persons: Will Lewis, Robert Winnett, Lewis, Rupert Organizations: The Washington Post, Sunday Times, Rupert Murdoch’s News Corporation Locations: London

☆ ‘We Need to Unite’: Protests Against the Far Right Are Held Across France
▼ + stars: | 2024-06-15 | by ( Catherine Porter | Liz Alderman | ) www.nytimes.com time to read: +1 min

Tens of thousands of demonstrators crowded onto French streets on Saturday to denounce the rise of the country’s far-right political party and call on fellow citizens to block it from taking power in snap parliamentary elections set by President Emmanuel Macron. The protests, organized by the country’s five biggest labor unions, were widely supported by human rights associations, activists, artists and backers of a newly formed left-wing coalition of political parties, the New Popular Front. Most protesters painted a dark picture of the country under a far-right prime minister. “For the first time since the Vichy regime, the extreme right could prevail again in France,” Olivier Faure, the leader of the Socialist Party, said while addressing the crowd in Paris. That prospect brought out of retirement former President François Hollande, who announced on Saturday that he would run for legislative elections to help ensure that the far right would not take power.

Persons: Emmanuel Macron, ” Olivier Faure, François Hollande Organizations: Socialist Party Locations: Vichy, France, Paris

☆ Western Anxiety Makes for an Unexpectedly Smooth G7 Summit
▼ + stars: | 2024-06-15 | by ( Steven Erlanger | ) www.nytimes.com time to read: +1 min

The Group of 7 summit that ended on Saturday went extraordinarily smoothly by the standards of a gathering where the leaders of major powers come together. That was a measure of the anxiety the leaders feel about deteriorating trends in Ukraine, in the Middle East, in China and in their own political futures. There was a dispute over the use of the word “abortion” in the communiqué, prompted by the host, Prime Minister Giorgia Meloni of Italy, but that was seen as a gesture to her domestic constituency. On important issues of geopolitics, there was little that divided the group. President Biden may appear politically vulnerable and uncertain of re-election, but this summit meeting was another example of unchallenged American leadership of the West, especially on contentious issues of war and peace.

Persons: Giorgia Meloni, Biden, Volodymyr Zelensky Organizations: Ukraine — Locations: Ukraine, China, Italy, United States, Japan, Russia

☆ Opinion | J.D. Vance’s Strange Turn to 1876
▼ + stars: | 2024-06-15 | by ( Jamelle Bouie | ) www.nytimes.com time to read: +1 min

This, in fact, was the argument made by Senator J.D. You would’ve actually tried to go to the states that had problems; you would try to marshal alternative slates of electors, like they did in the election of 1876. And then you have to actually prosecute that case; you have to make an argument to the American people.”Let’s look at what happened in 1876. Samuel Tilden of New York, won a majority of the national popular vote but fell one vote short of a majority in the Electoral College. In the three Southern states, where the elections were marred by fraud, violence and anti-Black intimidation, officials from both parties certified rival slates of electors.

Persons: Donald Trump’s, J.D, Vance of, Ross Douthat, Vance, ” Vance, analogized, “, would’ve, Samuel Tilden, Rutherford Hayes Organizations: Democrat, Gov, Electoral College, The Republican Locations: Vance of Ohio, New York, Florida , Louisiana , Oregon, South Carolina

☆ Rich tourists rejoice! Greece is finally doing something about the cruise ship problem.
▼ + stars: | 2024-06-15 | by ( Madeline Berg | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewTourists headed to the expensive hotels of Mykonos and Santorini: rejoice! About 36 million people visited Greece last year, up 20.8% from 2022, according to data from the Bank of Greece. Advertisement"In Santorini, even tourists complain about the great number of tourists," Greece's ombudsman said in a report released on Thursday. In fact, Koru, the superyacht owned by Jeff Bezos, has already made its way to Greece for the summer.

Persons: —, Kyriakos Mitsotakis, Louis Vuitton, Mykonos, Georgios Hatzimanolis, Jeff Bezos Organizations: Service, Bloomberg, Business, Bank of Greece, Bank of, Greek Tourism, Louis Locations: Mykonos, Santorini, Greece, Bank of Greece, Soho

☆ The number of Ozempic and Wegovy scams has grown by 183% so far this year
▼ + stars: | 2024-06-15 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +1 min

Phishing scams targeting weight loss drugs like Ozempic rose 183% from January to April. Social media sites like Facebook are hotspots for these scams, McAfee says. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The trendy weight loss drug Ozempic, which can cost $1,000 a month, is an opportunity apparently too good for them to pass up. New research released by McAfee, a computer and cybersecurity company, says that phishing scams targeting consumers interested in weight loss drugs like Ozempic, Wegovy, and Semaglutide rose 183% from January to April compared to the previous three months.

Persons: McAfee, — Organizations: Service, McAfee, Business

☆ A famed economist who called the 2008 recession shares 3 ways stocks resemble some of the biggest bubbles in history — and warns 2 'bona fide' recession signals showed up in May's jobs data
▼ + stars: | 2024-06-15 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

Investors are currently reveling in the 'better', as an ongoing eight-month melt-up once again pushed the S&P 500 to fresh highs this week. But sooner or later, the 'worse' will come, warns David Rosenberg, the founder of Rosenberg Research, who famously called the 2008 recession while working as Merrill Lynch's chief economist. AdvertisementAnother sign the market is out over its skis is the performance divergence between the market cap-weight and the equal-weighted S&P 500 indexes. On June 12, the Dow underperformed the S&P 500 by 0.94%, one of only 71 trading days since 1982 where that's happened, according to Rosenberg's technical analysis consultant, Walter Murphy. AdvertisementIn addition to concerning market technicals, fundamentals could also be in a troubling place in the form of labor market weakness, Rosenberg said.

Persons: —, David Rosenberg, Merrill Lynch's, Rosenberg, Bob Farrell, Walter Murphy, Murphy, — Rosenberg, it's, Louis Fed, Piper Sandler Organizations: Service, Rosenberg Research, Business, Tech, Dow Jones, Dow, Nvidia, Microsoft, Apple, Federal Locations: lockstep

☆ Ukraine peace summit to kick off in Switzerland without China and Russia
▼ + stars: | 2024-06-15 | by ( Tim Lister | ) edition.cnn.com time to read: +3 min

CNN —Nearly 100 countries and organizations are attending a major conference in Switzerland dedicated to setting out a path toward peace between Ukraine and Russia, but there will be no delegation from Moscow. The meeting, which is being held at a resort near Lucerne, will be attended by Ukrainian President Volodymyr Zelensky, who wants to gather support for the 10-point peace plan he first outlined late in 2022. It has said that any such meeting needs to be attended by both Russia and Ukraine. On Friday, the day before the summit was set to kick off, Russian President Vladimir Putin restated the Kremlin’s own peace plan, which Ukraine is unlikely to ever agree to. That most of the world is on the side of Ukraine, on the side of life.

Persons: Volodymyr Zelensky, Kamala Harris, Fumio Kishida, Ukraine’s , Vladimir Putin, Putin, Zelensky, ”, Zelensky “ Putin, ” Zelensky Organizations: CNN, Ukrainian, White, Japanese, NATO, Russian, Luhansk – Locations: Switzerland, Ukraine, Russia, Moscow, Lucerne, France, Germany, China, Donetsk, Luhansk, Kherson, Zaporizhzhia

☆ Princess of Wales Appears in Public for First Time Since Cancer Diagnosis
▼ + stars: | 2024-06-15 | by ( Stephen Castle | ) www.nytimes.com time to read: +1 min

Catherine, Princess of Wales, appeared in public on Saturday for the first time since her cancer diagnosis, smiling while riding in a carriage with her three children, as she took part in a ceremonial parade to celebrate the birthday of her father-in-law, King Charles III. Crowds gathered in central London to watch as the princess and her family participated in an event full of military tradition, music and pageantry, dampened only slightly by a light rain. “I am making good progress, but as anyone going through chemotherapy will know, there are good days and bad days,” Catherine, 42, said in a statement released to the media. “On those bad days you feel weak, tired and you have to give in to your body resting,” she added. “But on the good days, when you feel stronger, you want to make the most of feeling well.”

Persons: Catherine, Princess of Wales, King Charles III ., King Charles, “, ” Catherine Locations: London

☆ US Open: Pinehurst No.2 makes some of the world’s best golfers look ordinary as star names miss the cut
▼ + stars: | 2024-06-15 | by ( Aimee Lewis | ) edition.cnn.com time to read: +2 min

Major winners, all-time greats and two of the world’s top 10 struggled on the North Carolina course on the first and second day. Phil Mickelson hits from the bunker on the ninth hole during the second round. When asked by CNN’s Patrick Snell if he might have played his last US Open, Woods cast doubt on his future at the tournament and also at the Open Championship in the UK. World No.5 Hovland missed the cut by a shot with his six-over overall, while world No.10 Homa also saw his championship end early. Fowler also started steadily on Thursday, but his game unravelled on Friday as he ended the day seven over, missing the cut by three shots.

Persons: Phil Mickelson, Dustin Johnson, Justin Thomas, Viktor Hovland, Justin Rose, Rickie Fowler, Webb Simpson, Jason Day, Scottie Scheffler –, Frank Franklin II, CNN’s Patrick Snell, Woods, Hovland, Homa, Thomas, Mickelson, Fowler Organizations: CNN, PGA Locations: Pinehurst, Carolina

☆ The 4 key things we're watching in the stock market this holiday-shortened week
▼ + stars: | 2024-06-15 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Also helping was the 8.5% rally in portfolio heavyweight Nvidia following its 10-for-1 stock split on Monday. Within the Club this week, we heard from Broadcom , which reported strong quarterly results and announced its own 10-for-1 stock split. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Economists, Jerome Powell, financials, That's, Here's, FactSet, Lennar, LEN, Jabil, Smith, Jim Cramer's, Jim Cramer, Jim, Brendan McDermid Organizations: Nasdaq, Dow Jones, Wednesday, PPI, Apple, Broadcom, Oracle, Adobe, Nvidia, Investors, Housing, Monday, Darden, Olive Garden, Longhorn, U.S, Accenture, Kroger, KR, Wesson, Jim Cramer's Charitable, CNBC, Federal Reserve, New York Stock Exchange Locations: U.S, Olive, New York City

☆ Investors are hoarding cash, a tidal wave of non-tech earnings is quietly rising, and 3 other fascinating takeaways from JPMorgan Asset Management's mid-year outlook
▼ + stars: | 2024-06-15 | by ( James Faris | ) www.businessinsider.com time to read: +2 min

Since then, those technology titans have crushed the rest of the market in earnings growth and returns. By contrast, the other 493 stocks in the S&P 500 saw their earnings fall in 2023. The firm is calling for 17% earnings growth in the fourth quarter, both for stocks in and out of the Magnificent 7. All 11 market sectors will enjoy earnings growth in Q4 for the first time since Q2 of 2021, according to JPMAM's projections. That includes healthcare, energy, and materials, which saw earnings decline earlier this year.

Persons: Tesla, Stocks, Santos, JPMAM Organizations: Asset Management, Apple, Meta, Microsoft, Nvidia

☆ Take a look at some of the coolest new AI features announced by Apple that you may have missed
▼ + stars: | 2024-06-15 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Read previewTim Cook unveiled Apple's generative AI strategy, which it calls "Apple Intelligence," at its Worldwide Developer Conference earlier this week. At its biggest conference, Apple revealed a bunch of cool AI features that will be launched through its upcoming software update, iOS 18, and on its latest Mac and iPad operating systems. Apple said Mail is also getting a "Smart Reply" boost, which will offer suggestions for automatic responses. It will also have a "Reduce Interruptions" feature that Apple says will "help users stay present" in whatever they are focused on. Record and transcribe audio files in the Notes appNotes is getting an AI boost.

Persons: —, Tim Cook, Apple, Siri, Siri's, You'll Organizations: Service, Apple Intelligence, Worldwide, Apple, OpenAI, Business

Many forms of help are tied to the federal poverty line, which is calculated using a formula that has largely not been updated since the 1960s. The poverty line is calculated in an outdated wayThe current federal poverty line for the 48 contiguous states and Washington, DC, is $15,060 a year for one person, $20,440 for a family of two, and $31,200 for a family of four. Courtesy of Melissa HeddenMuch of the resistance to changing the federal poverty line could stem from the government's desire not to inflate the number of people in poverty overnight. AdvertisementRep. Kevin Mullin, a Democrat from California, has introduced legislation — called the Poverty Line Act— that would modernize the federal poverty line, taking into account actual costs of goods and how prices differ across regions. Do you make above the poverty line but not enough to meet your daily needs?

Persons: —, Jason Hopkins, Hopkins, he's, He's, doesn't, ALICE —, Nyx, Beth Jarosz, Kyle Ross, ALICE, Mollie Orshansky, Jarosz, Stephanie Hoopes, United For ALICE, they've, Melinda Binkley, Ryan Arbuckle, Louis, Oleg Parubin, Parubin, Melissa Hedden, Melissa, Ross, Biden, Kevin Mullin, Mullin, Michael Tubbs, Tubbs Organizations: Service, Business, America, Center for American Progress, Bureau of Labor Statistics, of Health, Human Services, Assistance, Women, Children, United For, SNAP, Bills, Senate Locations: Illinois, Washington, DC, Stillwater , Minnesota, St, Manhattan, Airbnbs, North Carolina, California, Stockon , California, Illinois —

☆ There may not be many of them. But these Southern lesbian bars are still finding ways to thrive
▼ + stars: | 2024-06-15 | by ( Leah Asmelash | ) edition.cnn.com time to read: +14 min

While not an official tally, the Lesbian Bar Project aims to amplify and keep track of these spaces, which can register with the project. In the South, The Lipstick Lounge, Tennessee’s only bar registered with the Lesbian Bar Project, is in Nashville’s hip East End neighborhood. By the end of Burton’s trip, she found that the narrative of “dying lesbian bars” was maybe not totally accurate. “Sometimes it’s a physical shift from a lesbian bar to a bar that sometimes holds … queer or lesbian nights,” Burton said. Though the two are married, they don't classify their bar as a lesbian bar.

Persons: Sade, Tracy Chapman croon, Erin Karcher, “, Karcher, Joy Carter, ” Carter, it’s, ” Karcher, Lillian Faderman, you’re, “ We’re, ”, ” There’s, We’re, Krista Burton, Moby Dyke, —, isn’t, ” Burton, Burton, bartenders, Sue Ellen’s, Shamecca, they’ve, who’ve, ” Le’Teshia, Herz, Kimberly McKeand, CBS42, Le’Teshia, Christa Suppan, ” Suppan Organizations: CNN, Durham Performing Arts Center, Lesbian, Nucleus, Lesbian Bar, Gallup, Stonewall, Mobile Locations: Durham, Raleigh, North Carolina , Texas, Tennessee, Chicago, San Francisco, Durham , North Carolina, Georgia, Atlanta, Washington, North Carolina, New York, Seattle, America, Herz, Mobile , Alabama, Tulsa , Oklahoma, Dallas, Richmond , Virginia, Mobile, Gulf, Florida, Mississippi, ”, Virginia, Richmond

☆ These stocks are an AI model's biggest upside picks after a week of mild economic data
▼ + stars: | 2024-06-15 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The iFi AI model, powered by IBM's Watsonx, was still projecting big upside for bitcoin miner Marathon Digital as of Friday morning. The stock was also near the top of iFi AI's projections for 30-day returns on screens earlier in June. The AI model uses a variety of inputs, including fundamental data, technical analysis and company news, to make its predictions. Here are some of the model's biggest upside plays after a week of downward-trending inflation data and sliding Treasury yields. Ron Insana, CNBC senior analyst and commentator, is the CEO of iFi AI, which launched in March .

Persons: IBM's Watsonx, Ron Insana Organizations: Marathon, Group, homebuilder, Palo Alto Networks, Palo Alto's, CNBC Locations: Marathon, Carvana, Palo

☆ New York City briefly opened its housing voucher waitlist. But getting that assistance is as unlikely as getting into Harvard.
▼ + stars: | 2024-06-15 | by ( Eliza Relman | ) www.businessinsider.com time to read: +4 min

Finding an affordable apartment in New York City has become ever more challenging for low-income people — and an expansion of key federal assistance isn't likely to help much. Ultimately, though, it will only issue 20,000 new vouchers, bringing the total number of vouchers up from about 96,000 to about 115,000, the New York City Housing Authority said. AdvertisementNew York City has the largest housing voucher program in the country, but it still falls far short of need. Discrimination against housing voucher holders by landlords is pervasive, even in places that prohibit it. Fully funding housing vouchers is key.

Persons: isn't, Gothamist Organizations: Service, New, New York City Housing Authority, Harvard University, of Housing, Urban Development Locations: New York City, York City, New York

☆ FAA investigating Southwest flight that came within 400 feet of crashing into the ocean
▼ + stars: | 2024-06-15 | by ( Gregory Wallace | Ross Levitt | ) edition.cnn.com time to read: +2 min

New York CNN —A federal investigation is underway after a Southwest Airlines flight plunged toward the ocean off the coast of a Hawaiian island. The incident occurred April 11 aboard Southwest Flight 2786, but only came to light publicly on Friday after Bloomberg reported Southwest sent a memo to pilots about the incident. Flight tracking data from ADS-B Exchange shows the plane dropping at a rate of more than 4,000 feet per minute while only 600 feet above sea level. The Southwest Airlines Pilots Association has not commented. The flight was an inter-island hop from the main Honolulu airport to Lihue airport on the neighboring island of Kauai.

Organizations: New, New York CNN, Southwest Airlines, Southwest, Bloomberg, Exchange, Boeing, Max, Management, CNN, Federal Aviation Administration, Southwest Airlines Pilots Association, United Airlines, National Transportation Safety Board, NTSB Locations: New York, Honolulu, Lihue, Kauai

☆ Nvidia CEO: One of the most 'profound learnings in my life' came from a gardener—how it made me successful
▼ + stars: | 2024-06-15 | by ( Ashton Jackson | ) www.cnbc.com time to read: +1 min

Jensen Huang's biggest career lesson didn't come from a mentor or a fellow tech CEO. "I used to work from one of our international sites for one month each summer," Huang, the billionaire co-founder and CEO of computer chip company Nvidia, said during a commencement speech at the California Institute of Technology on Friday. While there, Huang came across a man working in a vast garden. Their interaction was brief, but the gardener's words became one of the "most profound learnings in my life," Huang said. This gardener has dedicated himself to his craft and doing his life's work.

Persons: Jensen, didn't, Huang Organizations: Nvidia, California Institute of Technology Locations: Japan, Kyoto

☆ China wants a fleet of aircraft carriers for pride and power, and it's building it at a breakneck pace
▼ + stars: | 2024-06-15 | by ( Chris Panella | ) www.businessinsider.com time to read: +9 min

Read previewChina is building a fleet of aircraft carriers, making technological and capability jumps at a breakneck pace. An aerial drone photo taken on May 1, 2024 shows China's third aircraft carrier, the Fujian, during its maiden sea trials. The aircraft carrier USS Gerald R. Ford transits the Strait of Gibraltar, Jan. 5, 2024. For China, having aircraft carriers allows it to enjoy many of those perks. A composite image shows the American flag flying near the bridge of the US Navy's first-in-class aircraft carrier USS Gerald R. Ford and the Chinese flag flying near China's aircraft carrier Shandong.

Persons: —, Pu, would've, Matthew Funaiole, Xi Jinping, Kyle Amonson, Dane Egli, Xi, Funaiole, Gerald R, Navy Petty, Jacob Mattingly, Trenton, Li Gang, Cmdr, Michael Dahm, Peter W, Singer, Guy Snodgrass Organizations: Service, Business, Ford, Getty, China Power, Center for Strategic, International Studies, Jiangnan Shipyard, Getty Images, People's Liberation Army, Communist Party, US Coast Guard, Pacific Affairs, Chinese Communist Party, US Navy, Navy, DoD Aircraft, South China Seas, Pacific, Communication, Trenton Edly, US, New America, Defense, PLA Navy's Locations: China, Fujian, Shandong, Liaoning, Xinhua, Getty Images China, Taiwan, People's Republic of China, Gibraltar, Jan, South, Beijing

☆ trooping the colour princess kate: Catherine, Princess of Wales to attend King’s birthday celebration
▼ + stars: | 2024-06-15 | by ( Lauren Said-Moorhouse | ) edition.cnn.com time to read: +3 min

London CNN —Catherine, Princess of Wales is to take part the Trooping the Colour celebration on Saturday - the King’s official birthday parade - in what will be her first public appearance since revealing her cancer diagnoses. The Princess of Wales - also known as Kate - will watch the rest of the parade with her family nearby, and is expected to join fellow royals on the balcony. The event - one of the highlights of the royal calendar - is a tradition marking the official birthday of the British sovereign for more than 260 years. Britain’s Kings and Queens have doubled up on their festivities since the 18th century, holding both a public celebration – the official birthday – and a more private event on the real date. Three of the British Army’s horses which bolted across in London in April have returned to duty and are expected to take part in this weekend’s birthday parade.

Persons: London CNN — Catherine, Princess, “, ” King Charles III, Britain’s, King George II, Charles III, George, King Charles, Ascot landau, Queen Camilla . Three Organizations: London CNN, Guard’s, Queens Locations: Wales, London, Buckingham Palace, British, Britain’s Kings, Ascot

☆ This one private equity firm owns over a dozen of your favorite restaurants
▼ + stars: | 2024-06-15 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

AdvertisementThere's a good chance that just one private equity firm owns one of your favorite restaurant chains. Its latest acquisition happened last year when it acquired Subway, which operates the most stores out of any restaurant chain in the US. But Roark's holdings include other restaurants that you've probably visited before:Roark Capital owns almost 20 restaurant brands, from Carl's Jr. to Dunkin'. AdvertisementThe private equity firm also has investments in The Cheesecake Factory, which is publicly traded, as well as midwestern burger chain Culver's. AdvertisementWhile Roark owns a lot of restaurant brands, it's hardly the only private equity player in the industry.

Persons: —, Carl's Jr, Dunkin, Tyler Le, Roark, Jimmy John's, Auntie Anne's, Howard Roark, Ayn, TriArtisan Organizations: Buffalo Wild Wings, Roark Capital Group, Service, Business, Roark Capital, Hooters, TriArtisan Capital, Bay Capital Locations: Subway, Arby's, Carl's, Atlanta, Ayn Rand's, Nestle, Mars

☆ It’s Not Just Russia: China Joins the G7’s List of Adversaries
▼ + stars: | 2024-06-15 | by ( David E. Sanger | ) www.nytimes.com time to read: +1 min

President Biden was eager to get off the stage at the Group of 7 summit Thursday night, clearly a bit testy after answering questions about Hunter Biden’s conviction and the prospects of a cease-fire in Gaza. But at the end of his news conference with President Volodymyr Zelensky of Ukraine, he couldn’t seem to help jumping in as the Ukrainian leader spoke delicately about China’s tightening relationship with Russia. He leaned into his microphone as soon as Mr. Zelensky was finished. “By the way, China is not supplying weapons” for the war in Ukraine, Mr. Biden said, “but the ability to produce those weapons and the technology available to do it.”“So, it is, in fact, helping Russia,” he said. Throughout the Group of 7 summit meeting in Puglia, China has been the lurking presence: as the savior of “Russia’s war machine,” in the words of the summit’s final communiqué; as an intensifying threat in the South China Sea; and as a wayward economic actor, dumping electric cars in Western markets and threatening to withhold critical minerals needed by high-tech industries.

Persons: Biden, Hunter Biden’s, Volodymyr Zelensky, Zelensky, ”, “ Organizations: Group, “ Locations: Gaza, Ukraine, Russia, China, Puglia, South China

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