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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

☆ A complete timeline of Joe Jonas and Sophie Turner's relationship
▼ + stars: | 2024-05-15 | by ( Olivia Singh | ) www.businessinsider.com time to read: +2 min

May 2024: Turner opens up about her divorce for the first time in an interview with British Vogue. While Jonas was photographed out and about with their kids, Turner was mom-shamed and accused of being a partier. "It hurt because I really do completely torture myself over every move I make as a mother — mum guilt is so real! The "Game of Thrones" actor praised Taylor Swift for letting Turner stay at her New York home for free. "Joe is a great father to our children and that's all that I can ask for."

Persons: Turner, Sophie Turner, Pascal Le Segretain, Louis Vuitton Turner couldn't, Joan, Jonas, you've, Taylor Swift, I've, she's, Joe Organizations: British Vogue Locations: Paris, New York

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

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

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

☆ New Caledonia: Why this French island in the Pacific is roiled by violence over a vote held 10,000 miles away
▼ + stars: | 2024-05-15 | by ( Angus Watson | Helen Regan | ) edition.cnn.com time to read: +6 min

France’s military has mobilized and flown in “four additional squadrons to restore order,” according to French Interior Minister Gerald Darmanin. Macron will chair a defense and national security council on Wednesday, focusing on the violence, the presidential palace said. Others were equipped with larger rifles, firing bullets,” the French High commissioner to New Caledonia Louis Le Franc said. Theo Rouby/AFP/Getty ImagesFrench gendarme officers guard the entrance of the Vallee-du-Tir district, in Noumea, New Caledonia on May 14, 2024. FLNKS issued its own statement Wednesday both condemning the vote at the National Assembly and calling for an end to the violence.

Persons: Paris –, Gerald Darmanin, Emmanuel Macron, Macron, Charles Wea, Louis Mapou, New Caledonia Louis Le Franc, Franc, RNZ, Theo Rouby, unfreeze, Gabriel Attal, “, ” Attal, FLNKS, “ FLNKS Organizations: CNN, New, New Caledonian, New Caledonia Louis, Radio New, Getty, Colonial, Noumea Accord, National Assembly, French, Kanak and Socialist National Liberation Locations: New Caledonia, Noumea, South Pacific, Australia, Fiji, Vanuatu, , New Caledonia, Pacific, Caribbean, Indian, France, Paris, China, United States, Radio New Zealand, Noumea , New Caledonia, AFP, Tir, White, Covid, Kanak

☆ A former Bridgewater executive shares his 2 highest-conviction trades right now — and breaks down why the US labor market remains exceptionally strong despite apparent signs of weakness
▼ + stars: | 2024-05-15 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Another common worry among investors is the risk that elevated interest rates pose to the labor market and overall economy. AdvertisementThat difference is that prior cycles have been driven by lending, Elliott said. Lending growth fueled economic expansions and drops in lending led to economic contractions. He said it can act as a hedge against the Fed cutting rates too early with the economy still strong. AdvertisementInvestors can gain exposure to gold through funds like the SPDR Gold Shares (GLD) and the iShares Gold Trust (IAU).

Persons: St, Louis, Bob Elliott, Elliott, Louis Fed, It's Organizations: Service, Unlimited Funds, Bridgewater Associates, Federal Reserve, Treasury, Trust

☆ Burberry’s profit slumps by a third as sales in China plunge
▼ + stars: | 2024-05-15 | by ( ) edition.cnn.com time to read: +2 min

London — British luxury brand Burberry has reported a 34% drop in annual profit after sales fell sharply in China — its biggest market — in the final three months of last year. The company had previously warned that achieving its goal of taking the 168-year-old brand further upmarket, to become the definition of “Modern British Luxury,” had been harder than expected after demand for luxury had slowed. Sales fell 12% in the final quarter, dragged down by a 19% slump in China, and wiping out gains made earlier in the year, Burberry said Wednesday. Sales in London, its home market, declined 17%, which Chief Executive Jonathan Akeroyd blamed on a lack of tax-free shopping for tourists. The world’s largest luxury group, Louis Vuitton owner LVMH, also reported weak sales in its latest quarter as spending on luxury items slowed.

Persons: ”, Burberry, Jonathan Akeroyd, ” Akeroyd, Akeroyd, Hermes, Prada, Kerring, Louis Vuitton, LVMH, Daniel Lee Organizations: London, Burberry, London Fashion Locations: China, London, Paris, Europe, British, Burberry’s, Americas

☆ Westminster Dog Show 2024: Sage the Miniature Poodle wins Best in Show
▼ + stars: | 2024-05-14 | by ( Aj Willingham | ) edition.cnn.com time to read: +3 min

CNN —Sage the Miniature Poodle has won best in show at the 2024 Westminster Kennel Club Dog Show. She’s a Miniature Poodle, and is the 4th of her kind to claim Westminster’s Best in Show. Sage, a Miniature Poodle from Houston, Texas, wins Best in Show during the 2024 Westminster Kennel Club Dog Show in New York City. Kena Betancur/AFP/Getty ImagesThe Westminster Dog Show has been delighting lovers of finely-groomed pups since 1877, making it the second-oldest continuously held sporting event in the US after the Kentucky Derby. The Westminster Dog Show is also the perfect place to learn fun facts about dogs, like the fact that three US presidents have owned Scottish Terriers or that dogs from Canada hold six Westminster “Best in Show” titles.

Persons: CNN —, Mercedes, Shepherd, Sage isn’t, Kena Betancur, Louis, Frankie, Monty, Rosalind Kramer, Kramer, ”, “, Kaz Hosaka Organizations: CNN, Westminster Kennel, Westminster, Getty, Kentucky Derby, Shepherd, Afghan, Tzu, Kennel Club, Scottish Terriers, Westminster “ Locations: Houston , Texas, New York City, Kena, AFP, Tzu Woking, Canada

☆ The South’s hidden gems? Its diverse gas stations, according to this photographer
▼ + stars: | 2024-05-13 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +7 min

Kate MedleyThe Obama Gas Station in Columbia, South Carolina, got its name in 2008 following the general election because of the community's support for President Obama's campaign. She visited around 150 gas stations and quick stops in total, finding the unique curation of each space compelling. A gas station in the Mississippi Delta offering an all-you-can-eat-buffet, which Medley visited in 2013. Kate Medley“The closest gas is 30 miles away,” Amanda Simonson, the general manager, told Medley when she walked in, according to Medley’s book. Medley photographed a former gas station in the Arkansas Delta, which had become a modest Baptist church.

Persons: Kate Medley, crawfish, Quik Shoppe, Medley, Marta Miranda, Kate Medley Mike Moatts, Dhinal Patel, Obama's, Kate Medley “, ”, Gurjeet Singh, Singh, Kate Medley Saint Louis Saveurs, Mouhamadou, Saint Louis Saveurs, “, ” Amanda Simonson, Jeff Poynor, she’s, Slim Jims, I’m Organizations: CNN, Institute, Market Express, Obama Gas Station, Mississippi Museum of Art, Scouting, Kwik Chek, Shell, Mississippi Delta, Arkansas Delta, Red Bulls Locations: Oxford , Mississippi, American, Charlotte , Carolina, Elberta , Alabama, Columbia , South Carolina, Jackson, Memphis , Tennessee, Hammond , Louisiana, Chandigarh, India, Indian, Greensboro , North Carolina, Bator, Senegal, Greensboro, Mouhamadou, Elaine , Arkansas, Mississippi, Banner , Mississippi, Arkansas

☆ An influencer got a $4,980 Gucci bag. Then, she intentionally tried to destroy it.
▼ + stars: | 2024-05-13 | by ( Amanda Krause | ) www.businessinsider.com time to read: +3 min

Read previewInfluencer Victoria Paris unboxed a shining new Gucci bag in a TikTok video on April 1. Nearly a month later, on April 30, she shared a video of herself throwing that same designer bag against wooden stairs. one person commented on a reposted clip of Paris throwing her bag. @andiwashington_ Charms on bags love love love ❤️ accessorize my vintage bag with me ♬ original sound - Andi Washington 🐬💗✨Then there's Mary-Kate and Ashley Olsen. AdvertisementTikTokers recently noticed that Hermès bags carried by the famous twins are far from pristine.

Persons: —, Olsen, Jane Birkining, Jackie, TikTokers, Paris, I'm, Jane Birkin, Birkin, Jean, Louis Dumas, Jun Sato, Gucci, Andi Washington 🐬💗 Organizations: Service, Paris, Business Locations: Paris

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