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Restaurants are competing for frugal diners’ dollars
  + stars: | 2024-05-03 | by ( Krystal Hur | ) edition.cnn.com   time to read: +6 min
For some restaurants, it feels like a battle to get them to spend. Olive Garden-parent Darden Restaurants saw same-restaurant sales dip during its most recent quarter. Darden saw sales from households with incomes above $150,000 climb from the prior year. What to expect in Friday’s jobs reportThe US job market has been on a roll for the past three years. That’s about 25,000 more jobs per month than last year and 111,000 more per month than in 2019.
Persons: , Laxman Narasimhan, , we’ve, Ian Borden, Ricardo Cardenas, Scott Sheffield, “ Mr, , Matt Egan, Read, Alicia Wallace, ” Julia Pollak, ZipRecruiter Organizations: CNN Business, Bell, New York CNN, Starbucks, Darden, OPEC, Federal Trade Commission, Sheffield, Organization of, Petroleum, Saudi Arabia, Regulators, Pioneer Natural Resources, CNN, of Labor Statistics Locations: New York, China, Olive, American, Saudi, Sheffield, Texas, OPEC, Russia
America's falling population isn't necessarily bad for the economy, Fisher Investments said. The US birth rate just fell to its lowest level in over 40 years, according to provisional CDC data. AdvertisementAmericans aren't having nearly as many kids as they used to, but that won't be the blow to the US economy that many have feared, according to Fisher Investments. Related storiesBut fewer babies being born isn't necessarily a bad thing for the economy, the firm said. "Yes, falling birth rates could have negative long-run ramifications if a true reduction in human capital and other factors don't offset this.
Persons: , Goldman Sachs, Fisher, Ken Fisher Organizations: Fisher Investments, Service, Centers for Disease, Bank
CNN —Human rights groups are calling for the release of a Saudi woman, who they say has been sentenced to 11 years in prison for supporting women’s rights and for the way she dressed. Manahel al-Otaibi, a 29-year-old fitness instructor and women’s rights activist, was sentenced during a “secret hearing” before the kingdom’s Specialized Criminal Court on January 9, 2024, Amnesty International and the London-based Saudi rights organization ALQST said in a joint statement Tuesday. Saudi Arabia’s authorities “must immediately and unconditionally” release Manahel al-Otaibi, as the decision to imprison her “directly contradicts the authorities’ narrative of reform and women’s empowerment,” Amnesty and ALQST said. “Manahel’s conviction and 11-year sentence is an appalling and cruel injustice,” said Bissan Fakih, Amnesty International’s Campaigner on Saudi Arabia. Al-Otaibi’s sentencing comes “amid an intensified crackdown on free speech in Saudi Arabia, including online expression,” the groups said.
Persons: Manahel, , ALQST, Otaibi “, Al, Fawzia, , Bissan Fakih, Otaibi, Prince Mohammed bin Salman’s Organizations: CNN, Amnesty International, Saudi, United Nations, UN, Amnesty, Human Rights Locations: Saudi, London, Geneva, Saudi Arabia, Riyadh
Three-Stock Lunch: Carvana, Qualcomm & MetLife
  + stars: | 2024-05-02 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree-Stock Lunch: Carvana, Qualcomm & MetLifeScott Nations, Nations Indexes president, joins 'Power Lunch' to discuss stock plays for three stocks, including Carvana, Qualcomm and MetLife.
Organizations: Qualcomm, MetLife Scott Nations, Carvana, MetLife
Rwanda, the court said, might send them back to countries where their lives could be at risk. The law that passed last week aims to override that court ruling by declaring that Rwanda is safe. Legality aside, it has never been clear that the policy is even capable of working. So what is the point of the Rwanda policy? But Mr. Sunak — under pressure from his party’s right to accede to their demands on immigration — needs an emphatic win, or at least something that looks like one.
Persons: , Rishi Sunak, Priti Patel, ” It’s, Sunak’s, Sunak, Liz Truss, Mr, He’s Organizations: United Nations ’, Rwanda —, Conservative Party, Labour, Mr, Conservative Locations: Rwanda, Kigali
Mr. Biden has so far created five national monuments and expanded two others, part of his pledge to conserve 30 percent of the nation’s lands and waters by 2030. Last year, Mr. Biden gave a national monument designation to half a million acres of the Spirit Mountain area in southern Nevada. To date, Mr. Biden has preserved more than 41 million acres of land and waters. The San Gabriel monument encompasses 342,177 acres of the Angeles National Forest and 4,002 acres of neighboring San Bernardino National Forest. The expanded national monument includes a unique scenic railroad, grand recreation resorts and Nike missile facilities that date from the Cold War.
Persons: Biden, Avi Kwa, Trump, Biden’s, Molok, , Deb Haaland Organizations: Angeles National Forest, San Bernardino National Forest, Nike Locations: Arizona, Nevada, Cocopah, Utah, Gabriel, San, Napa , Yolo, Solano, Lake, Colusa, Glenn, Mendocino Counties, American
CNN —President Joe Biden on Wednesday called close US ally Japan “xenophobic” at a Washington, D.C., fundraiser, just weeks after lauding the US-Japan alliance at a state dinner. The president made the remark while arguing that Japan, along with Russia and China, would perform better economically if the countries embraced immigration more. Because we welcome immigrants,” Biden said, according to reporters traveling with the president at a fundraiser with Asian American and Pacific Islander supporters. Immigrants are what makes us strong.”Biden had similarly cast Japan, Russia and China as “xenophobic” during an interview with a Spanish language radio station in March. The latest critique of Japan comes less than a month after he hosted Japanese Prime Minister Fumio Kishida for a state visit.
Persons: Joe Biden, ” Biden, , , Fumio Kishida, Biden, Jessie Yeung Organizations: CNN, D.C, American, Pacific, Immigrants, Japanese, White House Locations: Japan, Washington, Russia, China
CNN —Dozens of Palestinian children eagerly lined up for a meal in Deir al-Balah, in central Gaza, as aid workers unloaded huge saucepans of stew and rice from parked trucks under the bright sun. CNN footage from the distribution site in front of a sprawling displacement shelter showed staffers from the World Central Kitchen (WCK) serving the children on Wednesday. The World Central Kitchen, a US-based non-profit that focuses on fighting hunger around the world, resumed work in Gaza this week, after a hiatus following a series of Israeli military strikes that killed seven staffers in April and drew the world’s condemnation. “[The World Central Kitchen’s] food makes people feel that they are at home. Shortly after the deaths of the World Central Kitchen workers in April, Israeli officials agreed to open the Erez border crossing into northern Gaza to allow aid deliveries.
Persons: Um Hassan, Benjamin Netanyahu, Jose Andres, ” Andres, Israel’s, Ashraf Al Sultan, , haven’t, ” Zaki Sobeh, , Volker Türk, Israel, Yoav Gallant, Erez, CNN’s Jennifer Hansler, Tim Lister, Eugenia Yosef, Mohammed Tawfeeq, Jonny Hallam Organizations: CNN, Israeli, Kitchen, UN, United Nations, Central Kitchen, US State Department, Hamas Locations: Deir al, Gaza, Palestinian, US, Deir, Israel, Shalom, Erez
CNN —Ancestral African art is a linchpin of identity and a source of inspiration to creatives across the continent. For the first time in the 60-year history of the renowned Venice Biennale in Italy – an arts and culture festival lasting eight months, hosted every other year – Benin is presenting a national pavilion. Hazoumé hopes the exhibition will reiterate his message and inspire other African artists to own their past to fuel creativity. Ishola Akpo sets up his piece titled “Iyalode” at the Benin national pavilion in Venice, Italy. Moufouli Bello draws inspiration from children’s books, Gèlèdé philosophy and Yoruba traditions in this piece titled “Egbe Modjisola," on display at the Benin national pavilion in Venice, Italy.
Persons: Emmanuel Macron, Romuald Hazoumé's, Jacopo La, Jacopo La Forgia, Romuald Hazoumé, Chloé, Ishola Akpo, Moufouli Bello, we’ll, Hazoumé, Florian Kleinefenn, ” Nwagbogu, , , Gèlèdé, Chloé Quenum, Akpo, I’ve, Nwagbogu, ” Hazoumé Organizations: CNN, French, Smithsonian Museum of African, US, Venice Biennale, African Artist Foundation, Biennale Locations: Africa, West, Benin, Nigeria, Kingdom of Benin, Venice, Italy, , Rouge, curating, France, Madagascar, Ghana, Uganda, Cameroon
The U.K.'s "sluggish" growth prospects have put it on course to be the worst-performing economy of all advanced nations next year, according to new forecasts from the Organisation for Economic Cooperation and Development. The downbeat prediction comes as the global economy shows signs of recovery, with growth forecast to remain steady at 3.1% in 2024, before rising modestly to 3.2% in 2025. "We start seeing some recovery in many parts of the world," Alvaro Pereira, director of the OECD's policy studies branch, told CNBC's Silvia Amaro Thursday. Growth among advanced nations next year is set to be led by North America, which Pereira said follows "strong growth" forecasts of 2.6% in the U.S. in 2024. Growth in Europe, meanwhile, is expected to pick up next year after a sluggish 2024.
Persons: Alvaro Pereira, CNBC's Silvia Amaro Thursday, Pereira Organizations: Organisation for Economic Cooperation, Development, North Locations: Germany, Paris, Canada, France, Japan, U.S, North America, Europe
China’s planned 53-day mission would see the Chang’e-6 lander touch down in a gaping crater on the moon’s far side, which never faces Earth. China became the first and only country to land on the moon’s far side during its 2019 Chang’e-4 mission. Ambitious missionThe Chang’e-6 probe will be a key test for China’s space capabilities in its effort to realize leader Xi Jinping’s “eternal dream” of building the country into a space power. This time, to communicate with Earth from the moon’s far side, Chang’e-6 must rely on the Queqiao-2 satellite, launched into lunar orbit in March. This time, China has said the Chang’e-6 mission will carry scientific instruments or payloads from France, Italy, Pakistan and the European Space Agency.
Persons: China’s, , Ge Ping, Xi Jinping’s, James Head, Luo Yunfei, Bill Nelson, , ” Nelson Organizations: Hong Kong CNN, China, Space Administration’s, of Lunar Exploration, Space Engineering, Brown University, China News Service, Luna, NASA, European Space Agency Locations: China, Hong Kong, Hainan, United States, Russia, Chang’e, India, Japan, Texas, France, Italy, Pakistan
New York CNN —Scott Sheffield, the founder and longtime CEO of a leading American oil producer, attempted to collude with OPEC and its allies to inflate prices, federal regulators alleged on Thursday. Regulators say Sheffield, then the CEO of Pioneer Natural Resources, used WhatsApp conversations, in-person meetings and public statements to try to “align oil production” in the Permian Basin in Texas with that of OPEC and OPEC+, the wider group that includes Russia. Unlike with OPEC nations, US oil production is supposed to be decided by the free market, not by coordination among the major players. The FTC said that while Sheffield was discussing efforts to coordinate output with other Texas producers, the Pioneer CEO said: “If Texas leads the way, maybe we can get OPEC to cut production. Exxon said that in response to the FTC’s concerns, it will not add Sheffield to its board.
Persons: New York CNN — Scott Sheffield, “ Mr, , Kyle Mach, Sheffield “, Douglas Farrar, Sheffield, , Exxon Organizations: New, New York CNN, OPEC, Federal Trade Commission, Sheffield, Organization of, Petroleum, Saudi Arabia, Regulators, Pioneer Natural Resources, FTC, ExxonMobil, Competition, CNN, Railroad Commission, Texas, Exxon Locations: New York, American, Saudi, Sheffield, Texas, OPEC, Russia, FTC’s, Saudi Arabia
On a visit to Israel on Wednesday, Secretary of State Antony J. Blinken put the onus squarely on Hamas to accept the proposal. But Israeli officials have said, consistently and emphatically, that the offensive will take place. The number of Palestinians Israel is offering to free in exchange is unclear. More than 100 were released in a weeklong cease-fire in November, and Israeli officials say they believe that more than 30 — possibly many more — are dead. Gazan health officials say that Israel’s subsequent bombing and invasion have killed more than 34,000 people, and injured far more.
Persons: Osama Hamdan, Al Manar, , Antony J, Blinken, wouldn’t, , Yair Lapid, Benjamin Netanyahu, Mr, Hamdan, Biden, Netanyahu’s, ” Mr, Netanyahu, Israel Organizations: Israel, Hezbollah, Hamas, United Nations Locations: Jerusalem, Washington, Gaza, Lebanese, Israel, United States, Qatar, Egypt, Rafah, masse
Colombian President Gustavo Petro speaking during a press conference in Bogota, Colombia, on February 8, 2024, after a meeting with the United Nations Security Council. Colombian President Gustavo Petro said on Wednesday he will break diplomatic relations with Israel over its actions in Gaza. Petro has already heavily criticized Israeli Prime Minister Benjamin Netanyahu and requested to join South Africa's case accusing Israel of genocide at the International Court of Justice. "Here in front of you, the government of change, of the president of the republic announces that tomorrow we will break diplomatic relations with the state of Israel ... for having a government, for having a president who is genocidal," Petro told cheering crowds in Bogota who marched to mark International Worker's Day and back Petro's social and economic reforms. Countries cannot be passive in the face of events in Gaza, he added.
Persons: Gustavo Petro, Gaza . Petro, Benjamin Netanyahu, Israel, Petro Organizations: United Nations Security Council, Colombian, Israeli, International Court of Justice Locations: Bogota, Colombia, Israel, Gaza ., Gaza
It is aiming to be the first high-income country to reach net zero emissions in 2035 and net negative by 2040. Denmark, which the World Happiness Report recognized as the world's second-happiest country, is targeting net zero by 2045 — and net negative by 2050. Thierry Monasse | Getty Images News | Getty ImagesDanish Climate Minister Lars Aagaard said the need for negative emissions was clear. He added that Denmark's ability to achieve net negative emissions would hinge upon policies implemented over the next five to seven years. Sopa Images | Lightrocket | Getty Images
Persons: Sergei Gapon, Thierry Monasse, Lars Aagaard, Denmark's Aagaard, , Stefano Guidi, Donald Trump, Joe Biden, Trump, Biden, Kai Mykkänen, Mykkänen, Moscow … Organizations: Afp, Getty, Atlantic ., Agriculture Ministers, CNBC, Lars Aagaard Danish Climate, United Arab Emirates, Union, Nationalist, Former U.S, Finnish Climate Locations: Copenhagen, Denmark, Atlantic, Atlantic . Finland, Finland, Brussels, Belgium, Lars Aagaard Danish, Panama, Europe, Germany, France, Turin, Italy, U.S, November's, Paris, Finnish, Helsinki, Montreal, Beijing, Moscow, of Finland, Neva Guba
“The use of such chemicals is not an isolated incident, and is probably driven by Russian forces’ desire to dislodge Ukrainian forces from fortified positions and achieve tactical gains on the battlefield,” it said. Russia has previously denied using chemical weapons. The US has previously warned Russia against chemical warfare in Ukraine; in March 2022, a month after the invasion began, President Joe Biden said that NATO would respond if Russia used chemical weapons in Ukraine. The use of chemical weapons is banned by international law. Russia has signed those treaties and claims it doesn’t have chemical weapons, but the country has already been linked to the use of nerve agents against critics in recent years.
Persons: Ukraine’s, Chloropicrin, Joe Biden, Mallory Stewart, Sergei Skripal, Alexey Navalny –, Vladimir Putin, Navalny Organizations: CNN, US State Department, Ukrainian, Chemical Weapons Convention, CWC, Russian Embassy, CDC, State Department, United, United Arab Emirates, US, NATO Locations: United States, Russia, Ukraine, Russian, Netherlands, China, Azerbaijan, Belgium, Slovakia, Turkey, United Arab, Moscow, Ukrainian, Siberia
‘Where Is the Palestinian Gandhi?’
  + stars: | 2024-05-01 | by ( Nicholas Casey | ) www.nytimes.com   time to read: +2 min
Since Israel conquered the region in 1967, its military has forbidden nearly every form of protest, even things as small as gathering more than 10 people for a political conversation or simply waving the Palestinian flag. The simplest acts of defiance can be seen as a threat: Amro once organized and videotaped an effort by a Palestinian man to pass through an Israeli checkpoint while balancing on his shoulder a large watermelon — a longtime symbol of Palestinian nationalism because its colors are those of the Palestinian flag. In the video, soldiers confiscate the watermelon and, as the camera zooms in, eye it warily as though it might explode. He has repeatedly filmed Israeli soldiers at close range and been beaten and grabbed by the throat when he refused to stop. Amro himself lives in one such home, surrounded by some of the West Bank’s most violent settlers.
Persons: , Mohandas K, Gandhi, Martin Luther King Jr, “ He’s, ” Yehuda Shaul, Organizations: Amro, United Nations, West Bank Locations: Palestinian, Israel
If you saw a northern marsupial mole, you might be surprised. And unlike the mole species of North America, it is a marsupial. But you probably wouldn’t see one: While the animals are plentiful, sightings remain extremely rare because northern marsupial moles live in tunnels beneath sand dunes, navigating them with a swimming-like motion using flipper-like front feet. “This is the hardest of all the animals to find,” said Denzel Hunter, an Indigenous ranger who works to survey and conserve wildlife in the lands of the Nyangumarta people. “Every time we go out looking for northern marsupial moles, we find evidence that they’re there.
Persons: , Denzel Hunter, I’ve Organizations: First Nations Locations: Australia, North America, Sandy, Perth
Some white-collar parents are leaving their jobs to take family gap years. It's sticking around as the world somewhat normalizes; Reddit is littered with threads looking for family gap year advice, which posters can easily find in various blogs. She now offers a family gap year and extended travel planning service for $80 to $100 an hour. "It could expand into a big business," she said, adding that her family gap year clients typically have disposable income and kids around 8 to 11 years old. AdvertisementWorld lessons, no classroom requiredNo family gap year is complete without immersive travel.
Persons: , Claire Williams, Matt, they'd, Claire, It's, Jennifer Spatz, itineraries, Amy Chang, Chang, Allen, they've, Spatz, Marisa Vitale, it's, She's, hadn't, what's Organizations: Service, Area, Federal, Global, United Nations Sustainable Locations: Sri Lanka, Sahara, worldschooling, COVID, Massachusetts, Asia, Europe, Venice, Italy, Airbnbs, Greece, Nepal, Sydney, Australia, Santiago, Chile, Spanish, Guatemala, Vietnam, Argentine, Jordan, Patagonia, Los Angeles, California, Salt Lake City, U.S
Eun Sung injured her right thumb in a fall in March and needed surgery to fix a torn ligament. But scheduling one has been difficult even though she lives in one of the most developed nations in the world, South Korea. For more than two months, South Korea’s health care system has been in disarray because thousands of doctors walked off the job after the government proposed to drastically increase medical school admissions. But one thing has changed: Public opinion has turned against the government of President Yoon Suk Yeol. A majority of respondents in a recent poll said that the government should negotiate with the doctors to reach an agreement quickly or withdraw its proposal.
Persons: Eun Sung, , Sung, Yoon Suk Locations: South Korea, Seoul
Another bad result is that zombie banks stay in operation longer than they should because uninsured depositors happily supply them with funds, knowing the F.D.I.C. is experiencing “mission creep,” taking on a responsibility for uninsured depositors that it was never assigned. In a footnote of a 2001 document posted on its website that’s intended to provide guidance to other nations’ regulators, it says that making uninsured depositors whole can be least costly “in rare cases.” (Which means: not more than 90 percent of the time.) staff members, referring to full bank liquidations in the period before the financial crisis, said “a least-cost resolution almost always includes imposing losses on uninsured depositors.” Another F.D.I.C. So I have to go by what the agency has stated in the past about its resolution practices.
Persons: Ohlrogge, F.D.I.C, Organizations: Deposit Insurance Fund, Office
CNN —Around 47 children vanish every day in Europe, according to new research by cross-border journalism collective Lost in Europe showing more than 50,000 child migrants went missing after arrival over the past three years. The research builds on findings released in 2021 that revealed at least 18,000 child migrants disappeared upon arrival in Europe in the three years from January 2018 to December 2020. Out of 31 contacted countries, Lost in Europe received 20 responses, with seven lacking required data and 11 not responding — representing an improvement from 12 responses overall in 2021. Other significant countries of origin include Syria, Tunisia, Egypt, and Morocco, according to the data collected by Lost in Europe. Lost in Europe is a not-for-profit cross-border journalism project investigating the disappearance of child migrants in Europe.
Persons: Aagje Ieven, Ieven, , , Maja Hitij, Patricia Durr, Adam Berry Organizations: CNN, Ghent University, United Nations, Lost, ECPAT, Austrian Ministry of, European Union, Migration Network Locations: Europe, Austria, Germany, Italy, Slovakia, Belgium, Switzerland, Ghent, Eisenhuttenstadt, Afghanistan, Syria, Tunisia, Egypt, Morocco, , Moria, Mytilene, Greece
CNN —The United Nations’ top court struck down a demand by Nicaragua that Germany immediately halt its arms exports to Israel on Tuesday, saying it cannot issue emergency measures against Berlin under the current circumstances. However, the court also rejected Germany’s demand to strike the lawsuit from its list, meaning the case will now move on. The ruling on Tuesday only concerned whether or not Berlin should be ordered to immediately stop selling arms to Israel. Germany “welcomed the ICJ ruling” according to a statement posted by the German Foreign Ministry on X shortly after the announcement. The ICJ is still considering whether Israel is guilty of violating the Genocide Convention, a legal process that could take years.
Persons: , Nawaf Salam, Salam, Netherlands Carlos Jose Arguello Gomez, Alain, Piroschka Van De Wouw, Germany “, Israel, CNN’s Abel Alvarado, Tamar Michaelis Organizations: CNN, United Nations ’, Berlin, International Court of Justice, The Hague, Reading, Central, Israel, United Nations Relief, Works Agency for Palestine Refugees, Reuters, UN, German Foreign Ministry Locations: Nicaragua, Germany, Israel, The, Netherlands, Berlin, Gaza, Central American, Nicaraguan, Reuters Germany, South Africa
Video supplied by the Philippine Coast Guard showed two larger Chinese vessels firing water cannons from opposite sides of the Philippine ship. “The Philippine vessels encountered dangerous maneuvers and obstruction from four China Coast Guard vessels and six Chinese Maritime Militia vessels,” Philippine Coast Guard spokesperson Commodore Jay Tarriela said in the statement. The Philippine Coast Guard ship suffered “damage to the railing and canopy,” according to its statement. Over the past two decades, China has occupied a number of obscure reefs and atolls far from its shoreline across the South China Sea, building up military installations, including runways and ports. Beijing and Manila’s South China Sea disputes have heated up since the 2022 election of Philippine President Ferdinand Marcos Jr., who has taken a stronger line against China than his predecessor Rodrigo Duterte.
Persons: Jay Tarriela, , Thomas, , Thomas Shoal, Ferdinand Marcos Jr, Rodrigo Duterte Organizations: CNN, Philippine Coast Guard, China Coast Guard, Chinese Maritime Militia, Weibo, Asia, Transparency Initiative, BRP Sierra Madre, Philippine Locations: Philippine, China, Scarborough Shoal, Chinese, Luzon, ” Beijing, South, Scarborough, Huangyan, Bajo, Masinloc, Philippines, South China, Palawan, BRP Sierra, Weibo, , Beijing, Manila’s, Manila, United States, Washington
Members of Germany’s delegation during hearings at the International Court of Justice in The Hague in early April. The judges are set to issue an interim decision in a case brought by Nicaragua against Germany. Germany is a staunch ally of Israel and second only to the United States in providing it with arms. Unlike Germany, which has given the court full jurisdiction, the United States has shielded itself and has to consent to a case. It has protected itself even further from the Genocide Convention, signing the convention but exempting itself from any obligations, such as intervening to stop a genocide or paying reparations if it were found to be complicit.
Persons: Israel, ” Israel Organizations: Germany’s, International Court of Justice, Court, Justice, United Nations ’, Hamas Locations: The Hague, Israel, Gaza, Nicaragua, Germany, Europe, United States, , South Africa, Geneva
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