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Australia's Albanese, China's Li hold 'candid' talks
  + stars: | 2024-06-17 | by ( ) www.cnbc.com   time to read: +3 min
China's Premier Li Qiang (L) and Australia's Prime Minister Anthony Albanese shake hands during a signing ceremony at Parliament House in Canberra on June 17, 2024. This dialogue has allowed us to build a deeper awareness of our respective interests," Albanese said in opening remarks. After the meeting, Li told reporters the leaders held a "candid, in-depth and fruitful meeting and reached a lot of consensus". Albanese told reporters after the meeting the two countries had revitalized engagement and he was "determined to keep growing our relationship where we can." watch nowOn regional issues, he had told Li that "Australia advocates that we should all work together to promote a regional balance where no country dominates and no country is dominated".
Persons: Li Qiang, Anthony Albanese, Lukas Coch, Li, Xi Jinping, " Albanese, Albanese, Gong, Tenzin Wougyal Organizations: Australia's, House, AFP, Getty Locations: Canberra, Australian, Beijing, Australia, China, Hong Kong
Read previewThe forecast looks bright for American nuclear energy, Bill Gates says. The billionaire former Microsoft CEO is already building a nuclear power plant in Wyoming with TerraPower, a company he cofounded. Related stories"Their support for nuclear power is very impressive in both parties," Gates told CBS News on "Face the Nation" on Sunday. And you really don't want the nuclear reactors around the world, made by our adversaries, because it's economically a huge job creator." That steam is then routed through the nuclear reactor's steam system to spin turbines and produce electricity.
Persons: , Bill Gates, Gates, It's, Joe Biden Organizations: Service, Microsoft, Business, CBS, of Nuclear Energy, Tech Locations: Wyoming, United States
After the birth of our second child, he said he felt like he didn't have the energy for another baby at the age of 40. I was so excited about the news, but I wasn't sure about how my husband would take it. Melissa Noble says that being an older parent has its challenges, but it also has its positives. But there are also lots of positives to being an older parent. For one, we're more relaxed and definitely in a better position financially than we were when we unexpectedly fell pregnant with baby No.
Persons: , I've, hesitantly, Melissa Noble, Lily, Sam Organizations: Service, Business Locations: Melbourne
The three-day holiday of Eid-al-Adha commemorates the story in the Quran of God appearing to Ibrahim, or Abraham, in a dream and commanding him to sacrifice his son as an act of obedience. Muslims believe that as Abraham was about to sacrifice his son, an angel of God stopped him and gave him a ram to sacrifice in place of his son. Many people kick off the holiday by calling and texting Muslims they know throughout the world with “Eid Mubarak,” which means blessed feast or festival. Here are some mindful takeaways from the Eid holiday that you can include in your routine – no matter what you believe in. It sounds like a miraculous happening, but when applied to daily life, one can view it as doing one’s work and trusting that things fall into place.
Persons: Ibrahim, Abraham, God, “ Eid Mubarak, Abraham’s, Yasmine Saad, , Rania Awaad, Gabriel Reynolds, ” Reynolds, Eid, Prophet Abraham's, Ismail, Babu Babu, , doesn’t, ” Saad, Jes Aznar, Getty, David Spiegel, “ we’ve, , Awaad Organizations: CNN, Stanford Muslim Mental Health, Islamic Psychology, Islamic Studies, University of Notre Dame, Stress, Health, Stanford Medicine Locations: Saudi Arabia, Mecca, Islam, New York City, Chennai, India, Mamasapano, Central Mindanao, Philippines
Father’s Day: 4 pop culture dads worse than you
  + stars: | 2024-06-16 | by ( Kristen Rogers | ) edition.cnn.com   time to read: +7 min
CNN —Whether you’re a new or seasoned father, the anxieties of raising children can pop up anywhere, anytime. “Also, just every dad I spoke to was like, ‘I’m worried that I’m gonna roughhouse too hard (and) they’ll get hurt,’” Boozan said. And “as a comedy writer, I’m biased, but I’m a big proponent of laughter as medicine. “That’s a great example of a workaholic dad who thinks that amassing a trove of riches in order to pass that along to your child is the way of being a good dad,” Boozan said. “The best thing my dad ever did … is he was a chill dad,” Boozan said.
Persons: I’m, Glenn Boozan, , Priscilla Witte, Thanos, Jack Torrance, Stephen King’s “, Boozan, “ I’m, , ‘ I’m, they’ll, ’ ” Boozan, , ” Boozan, Walter ‘ Heisenberg, White Walter White, Bryan Cranston, Walter White Jr, ” Ursula Coyote, Walter White’s, White, Wayne Szalinski Wayne Szalinski, Rick Moranis, Diane, Marcia Strassman, Nick, Wayne Szalinski, Darth Vader Luke Skywalker, Mark Hamill, Darth Vader, David Prowse, James Earl Jones, ” Albert Clarke, ’ ”, Midas, Walter Crane, King Midas ’, Rich, “ Midas, “ That’s Organizations: CNN, Marvel, RJ, Lucasfilm, Century Fox, Star Locations: RJ Mitte, Wayne’s
Rachel Pohl, 34, who lived in San Francisco for several years, and her husband, Jesse Rosenthal, are just two of the people who left. They had been considering moving away from California for quite some time before leaving San Francisco in the fall of 2020. She has also found the people are more diversified in terms of jobs, as opposed to the dominance of tech in the San Francisco area. Realtor.com noted both San Francisco and Chattanooga as buyer's markets at the moment, where the "supply of homes is greater than the demand for homes." Have you moved out of San Francisco or somewhere else in the US?
Persons: , Francisco, It's, Rachel Pohl, Jesse Rosenthal, they're, Pohl, she's, let's, " Pohl, hadn't, Chattanooga Pohl, it's, Realtor.com Organizations: Service, Chattanooga, Business, ., San Locations: San Francisco, Chattanooga , Tennessee, California, . Montana, Chattanooga, Durham , North Carolina, Francisco, Tennessee, San Franciso, there's, mhoff@businessinsider.com
While Musk is increasingly flexing his political power, whoever wins the White House could drastically impact the billionaire and his businesses. Here's how things could shake out for Musk under a second Trump administration versus a Biden win. Tusk said Biden doesn't think of Elon as a rival — he probably doesn't think about him at all. Advertisement"On the Trump side, Musk needs to be careful and not go headlong into this. Musk and Biden campaign representatives did not respond to requests for comment from Business Insider.
Persons: , Elon Musk, it's, hasn't, Musk, Trump, Brian Hughes, Bradley Tusk, Tusk, he'd, You've, Stacey Lee, Johns, Elon, Biden, Joe Biden, Joe Biden's, Lee, it'd, Biden doesn't Organizations: Service, Trump, Business, Wall Street, Biden, Elon, SpaceX, Force, Johns Hopkins Carey Business School Locations: Washington, Paris, United States
Wall Street's best analysts have insight into companies' ability to provide attractive dividend yield and upside for the long term. Here are three attractive dividend stocks, according to Wall Street's top pros on TipRanks, a platform that ranks analysts based on their past performance. With a quarterly dividend of $1.22 per share ($4.88 on an annualized basis), KMB offers a dividend yield of 3.5%. In June, the company paid a base dividend of $1.25 per share and a variable dividend of $1.69 per share. (See Chord Energy Stock Charts on TipRanks)Cisco SystemsOur third pick is dividend-paying technology stock Cisco Systems (CSCO).
Persons: Wall Street's, Wall, Kimberly, Clark, Nik Modi, Modi, Mike Hsu, TipRanks, William Janela, Janela, Jefferies, George Notter, Notter Organizations: Cisco, Clark Consumer, KMB, RBC Capital, Energy, Enerplus, Cisco Systems Locations: San Jose , California, Kimberly, North America, Williston
Perched on the Corcovado – a 2,300-foot-high granite outcrop looming above the city – the Cristo Redentor (Christ Redeemer) statue sweeps its arms out in a warm embrace, welcoming visitors to the city of samba. “It is he who finds me when I arrive in Rio.”For over a century, the statue has been a symbol of Rio de Janeiro. Christ Redeemer bags are his top sellers, tied with those sporting the Sugarloaf Mountain. Deemed one of the seven modern wonders of the world, the Christ Redeemer is Rio’s most visited attraction, says tour guide Cristina Arroio. Maybe that’s the ultimate miracle of the Christ Redeemer.
Persons: , Gilson Martins, Michelle Obama, Heitor da Silva Costa, Jesus teetering, Paulo Vidal, it’s, Vidal, Instituto Moreira Salles, Jesus Christ, Da Silva Costa –, , Carlos Oswald, Paul Landowski, Da Silva Costa, Soapstone, Márcia Braga, Work, IPHAN, It’s, Matthew Stockman, Gilson Martins Braga –, , Braga, ” Gilson Martins, , Emmanuele, Tom Jobin, “ Da, O, que lindo, ” Martins, ’ ”, Francesco Perrotta, Lina Bo Bardi, Corcovado, Mauro Pimentel, Cristina Arroio Organizations: CNN, Instituto, Nacional, Historical, Heritage, UNESCO, , Guanabara ”, cariocas, Bosch, Getty Locations: Rio de Janeiro, Rio, Brazil, Calvary, Polish, Latin America, steatite, Minas Gerais, Braga, Ipanema, Guanabara, ” Rio de Janeiro, AFP
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
It's a trend that emerged quickly after Taylor Swift began touring with her blockbuster The Eras Tour last spring. AdvertisementIn my case, it was because I happened to find myself in the same city as The Eras Tour and had a free evening. Amanda, 40, who had traveled from the US with her daughter Maddie, 20, were due to attend the second UK concert the following day. Amanda and her daughter Maddie were among Swifties who showed up to "Taylor-gate" as the UK leg of The Eras Tour kicked off on June 7. AdvertisementBut if "Taylor-gating" is your only opportunity to experience The Eras Tour — which Swift has confirmed will not extend past its final date in December — I would recommend it.
Persons: , you've, Taylor Swift, Swift, Eve Crosbie, I'm, Maddie, Amanda, Swifties, Taylor, Swift's Organizations: Service, Business, Ticketmaster, Wembley, Edinburgh's, Lincoln Financial Locations: London, Edinburgh, Amanda
The 22-year-old rapper is so popular — he recently held three sold-out concerts at Hungary’s largest stadium — that even Prime Minister Viktor Orban, a stodgy champion of traditional values not known for being in tune with youth or its culture, claims he is a fan. Mr. Orban has said he particularly likes the song “Rampapapam,” a reggae-flavored ode to the joys of cannabis. It’s a surprising choice given the prime minister’s conservative views and one that raised questions about whether he has actually listened to it or just watched its video showing the musician playing soccer, the leader’s favorite sport. But Attila Bauko, a Hungarian superstar better known as Azahriah, has won so many passionate fans in Hungary that Mr. Orban, who has had 14 years in power, appears to want some of the rapper’s energy and stardust. “Since they see that a lot of people like me, it seems they want to be friendly,” Azahriah said in an interview backstage before a concert last month at the Puskas Arena, a sports stadium in Budapest, that attracted nearly 50,000 people for each of the three nights he performed.
Persons: Viktor Orban, Orban, Attila Bauko, Mr, ” Azahriah Organizations: Puskas Arena Locations: Hungarian, Hungary, Budapest
Read previewRunning and rucking are hot in the fitness world right now. Running, a mainstay in the fitness world, only continues to grow in popularity. Meanwhile rucking, which involves walking or jogging with a weighted backpack, has become one of the buzziest trends in fitness. urbazon/Getty ImagesCarrying weight is good for bone healthThe biggest difference between rucking and running is the weight-carrying component. Walking with an additional load requires more work from the cardiovascular system and some of your muscles than unloaded walking, Zielinski said.
Persons: , rucking, Guy Fieri, Allison Zielinski, Luke Worthington, Naomi Campbell, Dakota Fanning, Worthington, Zielinski Organizations: Service, York City Marathon, ABC, Business, Northwestern Memorial Hospital Locations: year's, York, rucking
G7 confronts China on commerce, pope talks about AI
  + stars: | 2024-06-15 | by ( ) www.cnbc.com   time to read: +2 min
Italian Premier Giorgia Meloni receives Pope Francis as he arrives at the G7 Leaders Summit on day two of the 50th G7 summit at Borgo Egnazia on June 14, 2024 in Fasano, Italy. Pope Francis made an historic appearance at the Group of Seven summit on Friday to speak about the pros and cons of artificial intelligence, while G7 leaders also pledged to tackle what they said were harmful business practices by China. Italian Prime Minister Giorgia Meloni, the summit host, invited the pope and other heads of state and government, including the prime minister of India and the king of Jordan, in an effort to show the G7 was not an aloof, exclusive club. "We will never accept the narrative that wants the 'West against the rest'," Meloni told the meeting on Friday. The G7 also warned of action against Chinese financial institutions that helped Russia obtain weapons for its war against Ukraine.
Persons: Giorgia Meloni, Pope Francis, Jordan, Meloni, Joe Biden, Javier Milei Organizations: G7, Borgo Egnazia, U.S, Ukraine Locations: Borgo, Fasano, Italy, China, Italian, India, Argentine, United States, Britain, France, Germany, Japan, Canada, Russia, Washington, Taiwan, Philippines
Against all odds, he became a successful entrepreneur and accomplished his goal of providing a good life for his family. My earliest memories of my dad are from when he was 40, just two years younger than I am now. He raised me as a single parent after my mom began shuttling between her native Chicago and Providence when I was 9. When I lost my dad in 2022, I foolishly thought I knew how to grieve, having already lost my mom. Ask family and friends to share their favorite memories of your dad, creating a collection to revisit whenever you miss him.
Persons: he'd, shouldn't, I've, it's, I'm, There's Organizations: Service, Labor Locations: Providence , Rhode Island, Chicago, Providence, Los Angeles, East, New Jersey, Jersey, Jamaica, Queens , NY
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 worried about concentration risk in the market may want to consider value-oriented investments. Avantis' U.S. Large Cap Value ETF (AVLV) tracks the Russell 1000 Value index, but with a caveat — the fund managers screen stocks using a profitability overlay. After Apple and Meta , the Large Cap Value fund's next-largest holdings are JPMorgan , Costco and Exxon Mobil , according to FactSet. Avantis' Large Cap Value ETF is up 7.7% in 2024, as of Friday's market close. The Russell 1000 Value index gained 4.5% during the same period.
Persons: Phil McInnis, CNBC's, McInnis Organizations: Avantis Investors, Apple, Meta, JPMorgan, Costco, Exxon Mobil, Financial
Editor’s note: A version of this story appeared in CNN’s Wonder Theory science newsletter. Polar explorer Sir Ernest Shackleton and his crew of 27 men set off aboard the HMS Endurance in 1914. A search expedition found the HMS Endurance wreck in 2022, and now, another part of Shackleton’s legacy has been recovered. Central Press/Hulton Archive/Getty ImagesAn international team of experts using sonar has located the exploration ship Quest, once captained by Shackleton, off the coast of Canada. — A botanist spotted a tiny plant species new to science growing in an unlikely place on the slopes of the Andes.
Persons: Sir Ernest Shackleton, Shackleton, Freeman Dyson, Dyson, George Wittemyer, , Mickey Pardo, ritualistically, Chichén Itzá, , Adomas Valantinas, Ashley Strickland, Katie Hunt Organizations: CNN, HMS, Quest, Central Press, Hulton, Cornell University, Olympus, ESA, Brown University, NASA, CNN Space, Science Locations: Antarctica, South Georgia, Canada, Kenya, Chichén, Yucatán, Everest, England, Australia
AI and data centers are driving up electricity usage in the US after a decade of flat demand. As a result, the utilities sector is performing strongly, especially independent power producers. IPP stocks like NRG, CEG, and VST will benefit the most from AI, says one portfolio manager. Investors are pouring into utilities stocks as data centers drive outsized demand for electricity. This is big news for the US utilities sector, which has experienced essentially flat demand growth over the last decade.
Persons: Organizations: Service, Nvidia, Goldman Sachs Research, Business
Gas prices today are not cheap – but they are miles away from that point. Of course, gas prices were cheaper during the Covid-19 pandemic because demand was severely low. In part because they are so visible, gas prices play a key psychological role in how people feel about the economy. “But there is more work to be done — the President remains committed to lowering prices at the pump for Americans and maintaining a stable and secure energy supply.”Real gas prices are cheaper than in 2018Many people may wish for the $2 gas prices of last decade. “Inventories are likely headed back to normal levels, which will keep gasoline prices lower throughout the summer driving season.
Persons: New York CNN —, , Patrick De Haan, it’s, “ We’ve, De Haan, Joe Biden’s, Mark Zandi, Angelo Fernández Hernández, That’s, , Rob Thummel, ” Thummel Organizations: New, New York CNN, AAA, Labor Statistics, Federal Reserve, White, Moody’s Analytics, , CNN, Covid, US Energy Information Administration, White House Locations: New York, California, Utah, Washington, Idaho, Arizona, Wisconsin, Nevada, United States, OPEC, Ukraine, Israel, Gaza
This is, says Kowert, because “games reflect culture.”Adding climate crisis elements to games can also make the topic more accessible, Kowert says. On the side of the Catan: New Energies board, a little black marker tracks the level of greenhouse gasses in the current game. It can also trigger the early end of the game, in which case the player with the most renewable power plants wins. Players can add green discs to the bag — which can give players using renewable energy bonuses — by building renewable power plants. When development on New Energies started in 2011 there were three renewable energy sources: wind, water and solar.
Persons: ” Rachel Kowert, , Catan, Erik Assadourian, , Benjamin Teuber, Klaus Teuber, Teuber, Assadourian, Kelli Schmitz, playtesters Organizations: CNN, Storm, , Catan, Worldwatch Institute, Catan GmbH, Development, Brand Development Locations: Springs, United States
Trump's out to charm Gen Z, and that demographic might already be souring on BidenFreshly convicted of 34 charges of falsifying business records, the presumptive Republican presidential nominee seems to have a new campaign strategy — appealing to younger Gen Z voters. Appealing to Gen Z could work for Trump, especially if one accounts for the "Trump amnesia" effect among Gen Zers. Now aged between 12 and 27 — some Gen Zers may have been too young during his presidency to be politically in tune with Trump-era policies. And Gen Zers who vocally backed Biden during his 2020 run may also be souring on him in 2024. Representatives of Trump, Paul, and Biden didn't immediately respond to a request for comment from Business Insider sent outside regular business hours.
Persons: , Logan Paul, Donald Trump, Trump, Paul, Mike Majlak, Putin, Elon Musk, MAGA Organizations: Service, Tesla, Business, Trump Locations: Russian
French energy prices fell into negative territory on an overflow of renewable power, Bloomberg reported. AdvertisementDay-ahead energy prices in France fell into negative territory amid surging renewable power production, Bloomberg reported. The situation in France is different in that the rollout of renewable power has been slower than in other countries in the region, Reuters said. Paris has installed around 45 gigawatts of wind and solar capacity, and is behind European Commission targets. AdvertisementIf the National Rally party wins, it has pledged to slash renewable subsidies and end the wind power industry's expansion.
Persons: , It's, SEB Research Organizations: Bloomberg, Service, Electricite, Reuters, National Rally Locations: France, Spain, Germany, Paris
Chinese brands, led by Shenzhen-based BYD, sold 13.4 million new vehicles last year, while American brands sold about 11.9 million, the data showed. Japanese brands led with 23.59 million sales. "Negligence from legacy automakers, which has resulted in consistently high car prices, has inadvertently driven consumers toward more affordable Chinese alternatives," Jato senior analyst Felipe Munoz said in the report. Brands from China have made particular inroads in emerging economies, where Jato said one in five new car sales were made last year amid increased global demand. That is more than the total sales in the U.S. or Europe during the year," said Munoz.
Persons: Felipe Munoz, Jato, Munoz Organizations: Automotive, Jato Dynamics, Brands Locations: Lianyungang Port, Jiangsu Province, China, U.S, Shenzhen, Europe
Remo Saraceni, a sculptor, toy inventor and technological fantasist best known for creating the Walking Piano that Tom Hanks and Robert Loggia danced on in a beloved scene of the hit 1988 movie “Big,” died on June 3 in Swarthmore, Pa. Mr. Saraceni died at Mr. Medaugh’s home, where he had been living in recent years. Mr. Saraceni’s specialty was “interactive electronics,” he told New York magazine in 1976. All were powered by what Mr. Saraceni (pronounced SAR-ah-SAY-nee) called “people energy”: the voice, touch and heat of the human body. The power of this sort of technology to enchant its users became a pivotal plot element of “Big,” and in turn the central prop in one of the most fondly recalled scenes in recent movie history.
Persons: Remo Saraceni, Tom Hanks, Robert Loggia, , Benjamin Medaugh, Saraceni, Medaugh’s Organizations: Mr, New York Locations: Swarthmore, Pa
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