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☆ ‘Home Alone’ house hits the market for $5.25 million
▼ + stars: | 2024-05-28 | by ( Rosa Rahimi | ) edition.cnn.com time to read: +3 min

CNN —Kevin McCallister’s childhood home has hit the market for $5.25 million. The home for sale is located in Winnetka, Illinois and “epitomizes” the classic architecture of the Chicago suburbs, the Dawn McKenna Group said in its online listing. Dawn McKenna GroupThe iconic home has ample space for family living and entertaining. Dawn McKenna GroupIn 2021, fans of the movie were given the opportunity to rent the house for one night only – and for just $25. In February, Freddie Mercury’s former West London residence went on sale for £30 million ($38 million).

Persons: Kevin McCallister’s, “ It’s, ”, Dawn McKenna, Macaulay Culkin, Kevin McCallister, epitomizes, McAllister, Freddie Mercury’s Organizations: CNN, Dawn, Dawn McKenna Group, Century Fox, Kraft Macaroni Locations: Paris, Winnetka , Illinois, Chicago, West London, Los Angeles

Cohen testified that Trump bodyguard Keith Schiller put Trump on the phone so Cohen could tell him he was going forward with the Daniels payment. Blanche also said that prosecutors offered no evidence connecting Trump to the payment to Daniels outside of Cohen’s testimony. They speak in coded language, and they speak fast,” Steinglass said of Cohen and Trump. “Trump is deputizing Cohen right in front of Pecker so that Pecker knows that any go ahead from Cohen is a go head from Trump. When the “Access Hollywood” story came out in October 2016, Steinglass said that Trump and the campaign went into panic mode.

Persons: ”, Donald Trump, Michael Cohen –, Stormy Daniels, Cohen, Juan Merchan, Michael Cohen’s, Todd Blanche, Trump’s, Blanche, Tom Brady, ” Blanche, Keith Schiller, Trump, Daniels, Schiller, texted Schiller, “, Michael Cohen, Merchan, there’s, Joshua Steinglass, David Pecker, ” Steinglass, Steinglass, “ Hey, Keith, how’s, Karen McDougal, “ Trump, deputizing Cohen, Donald J, Pecker, Allen Weisselberg, Weisselberg, Jeff McConney, “ I’m, –, Dino, McDougal Organizations: CNN — Prosecutors, Trump, Defense, ” Prosecutors, CNN, AMI, ”, Trump Organization, Trump Org, ” Defense, Trump . Trump Locations: Trump’s New York, Trump, Weisselberg

☆ Opinion: Trump trial verdict now hinges on these three questions
▼ + stars: | 2024-05-28 | by ( Opinion Norman Eisen | ) edition.cnn.com time to read: +9 min

CNN —On Tuesday, we at last came to closing arguments in the Manhattan criminal trial of former President Donald Trump after 20 days of trial, testimony from 22 witnesses and over 200 exhibits. Were the 34 allegedly false records actually false? The first pivot point is whether the 34 business records at the heart of the case actually contain false information. And Steinglass pushed back on Blanche’s emphasis on the much-discussed October 24, 2016, Cohen call to Trump’s bodyguard, Keith Schiller. Indeed, Blanche continued, Trump repeatedly disclosed the reimbursement — including on Twitter, a 1099 form to the IRS and a federal financial disclosure form.

Persons: Donald Trump, Todd Blanche, Joshua Steinglass, Trump, Stormy Daniels, Michael Cohen, Blanche, Daniels, ”, Norm Eisen, Madame Tussaud’s, Cohen, Steinglass, Keith Schiller, Schiller, Allen Weisselberg, “, ” Steinglass, …, ” Blanche, Hope Hicks, Madeline Westerhout, Cohen — Organizations: CNN, Trump, Trump Foundation, Trump Organization, Twitter, IRS, New, White House, Facebook Locations: Manhattan, New York

☆ China’s military shows off rifle-toting robot dogs
▼ + stars: | 2024-05-28 | by ( Brad Lendon | Nectar Gan | ) edition.cnn.com time to read: +3 min

During recent military drills with Cambodia, China’s military showed off a robot dog with an automatic rifle mounted on its back, essentially turning man’s best (electronic) friend into a killing machine. The latter part of the video also shows an automatic rifle mounted under a six-rotor aerial drone, illustrating what the video says is China’s “variety of intelligent unmanned equipment.”Military use of robot dogs – and of course small aerial drones – is nothing new. And the dogs have been popping up on China’s heavily regulated social media for at least a year. According to the state-run Global Times, the presence of the robotic dogs at exercises with foreign militaries indicates an advanced stage of development. “Usually, a new equipment will not be brought into a joint exercise with another country, so the robot dogs must have reached a certain level of technical maturity,” Global Times quoted an unnamed expert as saying.

Persons: Chen Wei Organizations: CNN, US Air Force, Management, Commerce Ministry, People’s Liberation Army, Times, Global Times Locations: Cambodia, China, Lao, Malaysian, Thai, Ukraine

☆ A ‘rebrand’ for Lilly Pulitzer takes the classic resort label back to its roots
▼ + stars: | 2024-05-27 | by ( Diana Pearl | ) edition.cnn.com time to read: +7 min

A new logo (and merchandising) for the resort brand Lilly Pulitzer aims to be both timely, and timeless. Pictured above, a Lilly Pulitzer store in Sarasota, Florida. But it maintains firm roots in Palm Beach. “Nothing is more rooted in a resort Americana aesthetic than Lilly Pulitzer,” said Robert Burke, chief executive of retail consultancy Robert Burke Associates. This year, in addition to the Badgley Mischka collaboration, it rolled out a team-up with Natalie’s Juice, selling bottles of orange juice featuring a custom Lilly Pulitzer sticker.

Persons: Lilly Pulitzer, —, Lilly, Lilly Pulitzer hasn’t, Donald Trump, John Greim, ”, Michelle Kelly, Badgley Mischka, ” Kelly, Lilly Pulitzer’s, Nili, Pulitzer, “ Lilly, Kelly, “ It’s, Jacqueline Kennedy Onassis, Wendy Vanderbilt, Tommy Bahama, Johnny Was, Robert Burke, “, Robin Kramer, Burke Organizations: The, Fashion, CNN, Target, Hill, Apple, Palm Beach, Pulitzer, Oxford Industries, Robert, Robert Burke Associates, Natalie’s Locations: New York’s, Palm Beach , Florida, Sarasota , Florida, Philadelphia, Palm Beach, Cranston , Rhode Island

☆ I tried Gordon Ramsay's 10-minute steak-sandwich recipe. It was delicious but took me almost an hour to make.
▼ + stars: | 2024-05-27 | by ( Lara Walsh | ) www.businessinsider.com time to read: +1 min

Labeling this as a 10-minute sandwich makes it seem deceptively low-effort, but I still enjoyed it. In total, I spent a little under $50 to make the sandwich. In addition, Ramsay didn't really give exact timing for each step, so it was hard to know when things were "done." Each ingredient in Ramsay's steak sandwich added a delicious pop of flavor, and it wasn't as expensive to make at home as I'd anticipated. I spent a little under $50 for all the ingredients and had plenty left over for additional tries.

Persons: Lara Walsh, Ramsay didn't, Ramsay, I'm

☆ Rafael Nadal loses to Alexander Zverev at Roland Garros
▼ + stars: | 2024-05-27 | by ( Matthew Futterman | ) www.nytimes.com time to read: +5 min

PARIS, France — There will be no magical run, no age- and injury-defying push into the deep end of the competition. AdvertisementThe end officially arrived at 6:28, with a final miss off the Spaniard’s racket, forced by Alexander Zverev, who prevailed 6-3, 7-6, 6-3. A clump of two dozen that is used to getting choice seats clogged the entryway to the president’s box. Ultimately, that is what doomed him on a chilly and dreary afternoon and evening under the roof on Chatrier. He hit serves that became easy chances for Zverev to go on the defensive, and groundstrokes into the middle of the court that Zverev pounded for winners.

Persons: Rafael Nadal, Roland Garros, Alexander Zverev, Nadal, Philippe, Chatrier, ”, Emmanuel Dunand, He’d, hadn’t, Zverev, Brenda Patea, he’d, Mateo Villalba Organizations: Nadal, Getty Locations: PARIS, France, AFP, Paris, German, Berlin, Germany

☆ This new weight loss drug ETF bets big on two of the industry's leading players
▼ + stars: | 2024-05-27 | by ( Anna Gleason | ) www.cnbc.com time to read: +1 min

A top exchange-traded fund provider is betting on the long-term popularity of GLP-1 weight loss drugs. Roundhill Investments' GLP-1 & Weight Loss ETF (OZEM), which began trading last week, pairs leaders Eli Lilly and Novo Nordisk with players developing new treatments for weight loss and diabetes. Eli Lilly and Novo Nordisk each hold a roughly 20% weighting in the ETF, per Roundhill's website as of Friday. Mazza waived concerns that investors have missed out on the rally, noting the weight loss drug industry is still in its "early days." After last Tuesday's launch, shares of Roundhill's GLP-1 & Weight Loss ETF ended the week down by almost 2%.

Persons: Eli Lilly, Dave Mazza, Mazza, CNBC's Organizations: Investments, Novo Nordisk, Zealand Pharma, Amgen, Chugai Pharmaceutical Locations: Roundhill's

☆ Closing arguments for Trump’s hush money trial begin Tuesday. Here’s what to know
▼ + stars: | 2024-05-26 | by ( Devan Cole | ) edition.cnn.com time to read: +8 min

But prosecutors will have an extra degree of difficulty with a long break ahead of closing arguments, as jurors will have been away from the case since Tuesday. “This, more than even your typical case, is going to be a closing case,” he added. The star witness in this case are the documents, and the documents speak for themselves.”Trump’s attorneys will present their closing arguments first on Tuesday, followed by the arguments from prosecutors. They will say this is a documents case,” he explained, going on to describe the various accounting documents presented during the trial. Still, the closing arguments from each side will be carefully crafted to win not only a verdict in their favor, but also to mark each attorneys’ place in the historic trial, Villalona mused.

Persons: CNN —, Donald Trump, Trump, Attorney Alvin Bragg’s, “, ”, Elie Honig, Bernarda Villalona, Juan Merchan, David Pecker, Michael Cohen, Stormy Daniels, Robert Costello, Cohen, Daniels, Merchan, Honig, ‘ Michael Cohen’s, Allen Weisselberg, Karen Friedman Agnifilo, “ Trump, …, Pecker, ’, Agnifilo, Villalona, CNN’s Jeremy Herb, Kara Scannell, Lauren del Valle Organizations: CNN, Attorney, Former New York, Trump Organization, Trump, Trump Org ., Attorney’s Locations: York, Manhattan, New York

☆ I paid $300 to upgrade to premium economy on my long-haul United flight, and it's worth it for trips over 10 hours
▼ + stars: | 2024-05-26 | by ( Megan Dubois | ) www.businessinsider.com time to read: +4 min

On a recent trip to Japan, I upgraded my flight home from Tokyo to Washington, DC, from economy to premium economy, which the airline calls Premium Plus. Here's why the $300 flight upgrade was worth it. I didn't have that much time to make my connecting flight, so being able to get off the plane quickly was worth the upgrade. Economy seats only have 9-inch screens. I'd pay to upgrade my flight again, especially for long-haul tripsThe $300 upgrade was worth it for my long-haul flight from Tokyo to Washington, DC.

Persons: —, Megan duBois Organizations: Service, United Airlines, Business, Saks Locations: Florida, Japan, Tokyo, Washington, DC

Shop at Walmart What we like Check mark icon A check mark. Local dimming for excellent contrast controlCheck mark icon A check mark. Shop at Mattress FirmFor a full breakdown of mattress deals, check out our guide to the best Memorial Day mattress sales. Shop at Amazon What we like Check mark icon A check mark. Shop at Amazon Shop at Kohl's What we like Check mark icon A check mark.

Persons: we've, you'll, you've, fryer, Braun, Fryer, Ninja's, Ninja, Crisp, Pick, It’s, Max, Casper, Pillow, Topper, Allbirds Organizations: Business, Apple, Day, Samsung, Walmart, Samsung TV, Amazon Sony, Amazon Samsung, Amazon, DreamCloud Sealy, Amazon ., Shop, Ninja, Sony, JBL Bluetooth, Amazon Beats, Amazon Apple, JBL, Haven, Elm, Flyers Locations: Brooklyn, France, Chewy

☆ What 5 self-made millionaires refuse to spend money on: It's 'fun being able to buy something and choosing not to'
▼ + stars: | 2024-05-26 | by ( Ryan Ermey | ) www.cnbc.com time to read: +3 min

Make It has spoken with plenty of millionaires over the years and often asks them, "What do you refuse to spend money on?" "It's actually really fun being able to buy something and then choosing not to," he previously told CNBC Make It. Here's what he and four other self-made millionaires say they never spend money on. Fast fashionJonathan Sanchez, a self-made millionaire and founder of Parent Portfolio, maintains a low clothing budget by keeping things straightforward. That's Crush Your Money Goals founder Bernadette Joy's thinking when it comes to workout clothes.

Persons: Todd Baldwin, frugality, It's, Jonathan Sanchez, I'm, Steve Adcock, Adcock, Jim Cramer, wouldn't, Cramer, Bernadette Joy's Organizations: CNBC, Parent

☆ I did hot yoga every day for a month. There were a few drawbacks, but I look more toned and can fit into old clothes again.
▼ + stars: | 2024-05-25 | by ( Lara Walsh | ) www.businessinsider.com time to read: +7 min

Read previewI love doing different kinds of workouts, but recently, I wanted to challenge myself to try something new: hot yoga. Like millions of exercise enthusiasts, I've tried standard yoga classes but wondered if hot yoga could improve my flexibility or help with stress levels. Here's what happened when I did hot yoga every day for a month. This difference was really noticeable during a stressful period at work, and my body started to crave the hot-yoga classes. Lara WalshAfter a month of doing hot yoga, I was hooked.

Persons: —, I've, Lara Walsh, Lara Walsh I've, Dr, Azza Halim, Halim, Kollins, Ezekh Organizations: Service, Business Locations: Chicago

☆ 6 Podcasts About the Joys and Terrors of Air Travel
▼ + stars: | 2024-05-25 | by ( Emma Dibdin | ) www.nytimes.com time to read: +3 min

It’s a nerve-racking time to be a frequent flier in the United States. Despite this, air travel statistically remains the safest form of mass transit in the United States, and it’s worth keeping the risks in perspective. Some of these podcasts do just that by exploring the true stories of air disasters (and why they are so rare), while others are love letters to life in the skies, hosted by proud aviation geeks who have travel tips, airport reviews and nostalgic industry history to share. Billed as “a true crime podcast in the air,” this series ended production last summer but has a back catalog of 150 episodes, each focusing on a different air disaster in meticulous detail. Both hosts are also regular air travelers, and they share packing tips, review specific aircrafts and airlines and reflect on how travel has changed throughout these recent, turbulent years.

Persons: overscheduling, Chesley “ Sully ” Sullenberger, Gustavo Sorola, Chris Demarais, you’ve, Doug, Drew Organizations: Boeing, Justice Department, New York Times, US Airways, Max, JetBlue, Spirit Locations: United States, Hudson

☆ How I negotiated to lower my monthly rent in a tight housing market
▼ + stars: | 2024-05-25 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Conventional wisdom says you're more likely to be able to negotiate lower rent if there are plenty of local vacancies or when your rental is going for an above-market rate. As rental unit owners ourselves, we know how challenging it an be to find reliable tenants who will care for your property the way you would yourself. We'd like to continue being those renants for you, and respectfully request that you consider a renewable 6-month lease term at the current rate of $3,550 per month, or a 1-year lease term at a rate of $3,450. AdvertisementBe creative with your asks — and flexible with your expectationsPart of our initial ask included a variation on the lease term (6 months instead of a year), showing our landlords we were open to options other than a standard 1-year lease.

Persons: Zillow, it'd, we'll, We've Organizations: Service Locations: Santa Barbara , California, Airbnb

☆ Here’s why we eat popcorn at the movies
▼ + stars: | 2024-05-25 | by ( Alicia Wallace | ) edition.cnn.com time to read: +11 min

But the perfect (and very profitable) pairing of today wasn’t always the case: For many years, movie theaters wanted nothing to do with the snack. People watch movies in a newly reopened AMC River East theater on Aug. 20, 2020, in Chicago. Popular movies often bring collectible cups and popcorn buckets, or, in industry-speak, Collectible Concession Vehicles (CCVs). The cinema business will continue to evolve, but one thing will remain constant, said Gil of Queen’s University. “Theaters will stop playing movies before they will actually stop selling popcorn.”

Persons: “, Fred Astaire, Ginger Rogers, ” Paul Dergarabedian, Andrew F, ” Smith, Cracker Jack, ”, Smith, ’ ” Smith, hawkers, Peter Stackpole, John Aitkin, John Sr, Aitkin, Alicia Wallace, CNN It’s, Loren Williams, Alicia Reese, Ricard Gil, Jason Wambsgans, Gil, Wedbush’s Reese, Red Robin, ” Nels Storm, Garfield ”, Cory Ryan, Heather Morgan, Alamo’s, ” Andrew Sherburne, Christian Meoli, Camilla Meoli, ” Gil Organizations: Minneapolis CNN, CNN, AMC, Exposition, Bettmann, Riverview, “, Riverview Theater, Wedbush, Queen’s University, Chicago Tribune, Tribune, Service, Waffle, AMC Theatres ’, Walmart, Kroger, Alamo, University of Iowa’s, Cinemas Locations: Minneapolis, America, New England, South America, Philadelphia, Texas, South Minneapolis, Riverview, “ Kingdom, Canada, Chicago, Brooklyn , New York, Iowa City , Iowa, Seattle, Emerald, California

☆ Morgan Stanley says these stocks show 'no sign of slowing down' into the summer
▼ + stars: | 2024-05-25 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

A slate of stocks — including a couple of notable winners — still have plenty more room to run this summer, according to Morgan Stanley. "Despite near all-time high, valuation remains attractive, especially when compared to more well known stocks," he wrote. Warner Music Group Analyst Benjamin Swinburne recently resumed coverage of Warner Music Group with an overweight rating and called the stock a top pick. Warner Music Group "In the past 18 months, the music industry has seen significant positive developments. Progressive "Despite near all-time high, valuation remains attractive, especially when compared to more well known stocks.

Persons: —, Morgan Stanley, it's, Morgan, Morgan Stanley's, Megan Alexander, Alexander, she's, Bob Jian Huang, Huang, Benjamin Swinburne, Swinburne, Price, DELL Organizations: Nvidia, CNBC, Dell Technologies, Hasbro, Body Works, Warner Music Group, Android, Warner Music, Warner, NVIDIA

☆ What your belly button reveals about your body
▼ + stars: | 2024-05-24 | by ( Dan Baumgardt | University Of Bristol | ) edition.cnn.com time to read: +6 min

For some, they are the thing of nightmares – omphalophobia (the fear of belly buttons) is a real condition. Whatever your feelings about belly buttons, one thing’s for sure - it once joined you to your mother. The umbilical cord is severed at birth to leave just a small clamped stump that progressively withers and falls away a week or two later. From this point, the belly button seems to become redundant – other than to gather dust and fluff. This circulation is not needed after the baby is born, and once disconnected from the placenta the umbilical vessels naturally close up.

Persons: – omphalophobia, that’s, Mary Joseph Dempsey, William Mayo, Mary Joseph, Dempsey, Hamilton Bailey, Mary Joseph’s, caput, Medusa, Perseus, Dan Baumgardt Organizations: CNN, Mayo, of Physiology, University of Bristol Locations: Minnesota, Mayo, United Kingdom

☆ Telecom firms say 5G is transforming industries from farming to manufacturing as they build in security from the start
▼ + stars: | 2024-05-24 | by ( Rosalie Chan | ) www.businessinsider.com time to read: +8 min

With 5G, organizations now have faster internet speeds, expanded capabilities, and an additional avenue of connectivity. Telecom companies can also provide private 5G networks to businesses, offering them low latency and high bandwidth to transfer large volumes of data securely. For example, NTT, a Japanese telecom company, offers 5G services to consumers and private 5G services to businesses, particularly in the manufacturing and automotive industries. Increasingly, more cellular and Internet of Things devices are being connected to organizations' 5G networks, which means more opportunities for hackers if organizations don't properly manage their security. In the future, more security companies could focus on 5G security for cars, airplanes, medical devices, and more.

Persons: —, Christine Gadsby, Chris Novak, Novak, Shahid Ahmed, Gadsby, Casey Ellis, he's, Bugcrowd, Ellis, We're, Matsubara Organizations: RSA, 5G, Service, cybersecurity, Business, BlackBerry, Telecom, Verizon Business, NTT, Mobile Locations: San Francisco, Japanese, cybersecurity, China

Learn moreTonight's Indiana Fever vs. Los Angeles Sparks game will see a can't-miss rookie-on-rookie match-up. Below, we'll show you everything you need to know about where to watch the Indiana Fever vs. Los Angeles Sparks game, whether you have cable or are seeking a live streaming alternative. Indiana Fever's Caitlin Clark will face off with Los Angeles Sparks' Cameron Brink, with both rookies fresh off their standout college basketball careers. With five games under their belt, the Indiana Fever has been having a slow season so far with no wins. ET / 7 p.m. PT on IONHow to watch Indiana Fever vs. Los Angeles Sparks in the USThe Indiana Fever vs. Los Angeles Sparks game will air on Friday at 10 p.m.

Persons: Los Angeles, Indiana Fever's Caitlin Clark, Angeles Sparks, Cameron Brink, Clark, Brink, Rickea Jackson, Sparks, ExpressVPN Organizations: Business, Indiana Fever, Los, Los Angeles Sparks, Angeles, Sparks, ION, Indiana, WNBA Locations: ExpressVPN

☆ 33-year-old wrestler turned down 'massive' job opportunity to pursue Olympic gold with Team USA
▼ + stars: | 2024-05-24 | by ( Nicolas Vega | ) www.cnbc.com time to read: +1 min

The 33-year-old Olympian is going to Paris this summer as the oldest wrestler on team USA. "There were plenty of opportunities for me to move on from wrestling," Dake recently told CNBC Make It. "Job opportunities where I'd be making a lot more money and living a more secure life. "What is it going to cost for me to give up my dreams of becoming an Olympic gold medalist?" "I don't wrestle for income, I don't wrestle because it's easy," Dake added.

Persons: Kyle Dake, Dake Organizations: USA, Tokyo Olympics, NCAA, CNBC Locations: Paris

☆ How the super rich party at the Monaco Grand Prix
▼ + stars: | 2024-05-24 | by ( Susan Griffin | ) edition.cnn.com time to read: +8 min

British driver Lewis Hamilton of Mercedes looks walks the drivers parade before the Formula 1 Grand Prix at the Circuit de Monaco on May 28, 2023. Here, designer stores, supercars, multi-million-dollar yachts and astronomically priced restaurants are ‘la norme’, but during the three-day Grand Prix, the eye-watering ostentation increases three-fold. Amber Lounge might be one of the most exclusive and expensive events taking place during the Monaco Grand Prix weekend, but Monte Carlo itself is a veritable party hub. “As a former resident, I can tell you there are two sides to the F1 Grand Prix arriving in Monaco. Fans watch the action during qualifying at the F1 Monaco Grand Prix.

Persons: ”, Tom Holland, Lewis Hamilton, Mercedes, Dan Mullan, revel, Cipriani, Sass Café, Max Verstappen, Justin Bieber, Kim Kardashian, Kylie Minogue, Prince Albert of Monaco, Eddie Irvine’s, Sonia, Amber, Lauren Green, Joash Lee, partygoers, Jax Jones, Monte, Bruce Bundrant, ” Bundrant, Ryan Pierse, Green, “ Organizations: CNN, Monaco, Prix, Circuit, Getty, Business Development, AS Monaco FC, “ Locations: Monte Carlo, British, Fairmont, Hôtel Hermitage, Hôtel, Paris, Le Meridien, Monaco, Singapore, Las Vegas, Abu Dhabi

☆ These are Wall Street's favorite travel and leisure stocks heading into the unofficial start of summer
▼ + stars: | 2024-05-24 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

A collection of travel-related stocks will likely be key beneficiaries as warm summer months arrive and as consumers start to go off on beach and mountain vacations. Shares of casino operator Las Vegas Sands have fallen 8.5% so far in 2024. LVS YTD mountain Las Vegas Sands stock. Umansky also lauded Las Vegas Sands' generation of free cash flow that can be used to buy back stock. VAC YTD mountain Marriott stock.

Persons: Vitaly Umansky, Umansky, Wall, FactSet, Aaron Hecht, Ryan Lambert Organizations: Entertainment, Vegas Sands, CNBC, FactSet, Seaport Securities, Sands, Marriott, JMP Securities, Hilton, JPMorgan, Madison Square Garden Sports Locations: Macao, Singapore, Vegas, Madison

☆ Tornado causes havoc in Texas as record-breaking heatwave looms
▼ + stars: | 2024-05-23 | by ( Patrick Smith | ) www.cnbc.com time to read: +2 min

Debris and a damaged building are seen in the aftermath of a tornado in Temple, Texas, U.S., May 22, 2024, in this screengrab obtained from a social media video. A tornado ripped through central Texas Wednesday evening, causing huge damage and destroying homes, as forecasters warn of a potentially record-breaking heatwave in the state. The city of Temple, northeast of Austin, declared a state of emergency and opened a shelter for displaced people after a twister caused widespread devastation. Footage posted to social media shows buildings in Temple and nearby Belton missing roofs, piles of rubble and smashed windows. Flood warnings were in place Thursday morning for much of northern Texas, including Dallas and Forth Worth, along with parts of Oklahoma.

Persons: Young Organizations: NBC, NWS, Austin Locations: Temple , Texas, U.S, Texas, Temple, Austin, Bell, Belton, Dallas, Forth Worth, Oklahoma, Louisiana, Antonio, Iowa, Greenfield

☆ Sudden container crunch sends ocean freight rates soaring, setting off global trade alarm bells
▼ + stars: | 2024-05-23 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +8 min

AFP Contributor | AFP | Getty ImagesA perfect storm in global trade is creating a shipping container capacity crunch, fueling a sudden and surprise spike in ocean freight rates. Xeneta ocean freight rates show the rallying spot market and the widening spread between spot and long-term rates. An increase in ocean freight rejections shows the imbalance. Logistics price increases are ultimately passed onto the consumer and the dizzying freight rates during the pandemic were among factors cited by the Federal Reserve as a cause of inflation. The International Chamber of Shipping, which represents major ocean carriers, did not immediately respond to a request for comment.

Persons: Emily Stausbøll, Stausbøll, Goetz Alebrand, Alebrand, Judah Levine, Freightos, Levine, Wan Hai, HLS, Drewry, Jonathan Gold Organizations: AFP, Getty, U.S ., Xeneta, DHL, Shipping, Americas, DHL Global, CNBC, Federal Reserve, Orient Star Group, MSC, Chamber of Shipping, Honour, Carriers, Maritime Locations: Qingdao, Shandong province, AFP, Asia, U.S . West Coast, U.S, China, Malaysia, Singapore, Panama, Latin America, Europe, Chongqing, East Asia, South America, Africa, U.S . East Coast

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