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Almost 72 million people across the country were under warnings of extreme heat Monday morning, the National Weather Service said. With Thursday's seasonal solstice taking place amid a weeklong heat wave expected for the East Coast and the Midwest, the summer of 2024 is coming in hot. Extreme heat warnings were in place for Chicago, St. Louis, Indianapolis, Detroit, Cleveland, Cincinnati, Pittsburgh, Philadelphia, Boston, New York City and Albany, New York. The weather service office for Pittsburgh said it "could be the most impactful heat wave of the 21st century." The weather service is also on the lookout for any possible tropical storms developing in the Gulf, it said.
Organizations: National Weather Service, East, Prediction, Midwest, The Nevada Division, Emergency Management, Pittsburgh, Buffalo Public Schools, Dakotas Locations: Phoenix , Arizona, U.S, East Coast, Chicago, St, Louis, Indianapolis, Detroit, Cleveland, Cincinnati, Pittsburgh, Philadelphia, Boston , New York City, Albany , New York, Ohio, East, Phoenix, Buffalo, Minnesota, Gulf, Mexico, Texas, Louisiana
Apple Analyst Ming-Chi Kuo said in a blog post on Monday that the next Apple Watch will be thinner and have a larger screen. The Apple Watch Series 10 is expected to be released in September when the company typically introduces its next batch of wearables and new iPhone models. Kuo said the screen sizes on the two Apple Watch models will increase from 41 millimeters to 44 millimeters and from 45 millimeters to 49 millimeters. The watch will include components manufactured using 3D printing technology starting in the second half of the year, Kuo added. Kuo also cited the potential for the technology to be used in the production of Apple Watch cases.
Persons: Chi Kuo, Kuo Organizations: Apple, Apple Watch, Technologies Locations: China
CNN —A US soldier arrested in Russia on suspicion of theft, Staff Sgt. Gordon Black, has appeared in court in the Russian city of Vladivostok, as his trial got underway on Monday. Black did not admit to charges of threatening to kill a Russian woman, but partially admitted guilt to theft charges, according to Russian state news agency RIA Novosti. Black was arrested in May on charges of theft in Vladivostok, where he traveled to visit the woman, believed to be his girlfriend. The trial comes against the backdrop of heightened tensions between Washington and Moscow, as Russia’s invasion of Ukraine rages on.
Persons: Gordon Black, Black, Cynthia Smith, Evan Gershkovich, Marine Paul Whelan Organizations: CNN, RIA Novosti, US Defense Department, US State Department, Street, Marine, RIA Locations: Russia, Russian, Vladivostok, Korea, South Korea, Washington, Moscow, Ukraine, Pervomaisky
Iranian Leader Press Office | Anadolu | Getty ImagesIran is holding snap elections on June 28 following the sudden death of former Iranian President Ibrahim Raisi in a helicopter crash. The election will take place against the backdrop of a battered Iranian economy, widespread popular discontent and crackdowns on dissent. He described Iran's supreme leader Ayatollah Khamenei⁠ as the country's "only 'voter' of significance." Iran's Presidency | WANA | Via ReutersBut with Sunday's announcement of the approved candidates, "those hopes were largely dashed," he said. It comes after turnout for Iran's parliamentary election in March was also the lowest for a legislative contest in the Islamic Republic's history at 41%.
Persons: Ali Khamenei, Ebrahim Raisi, Hossein Amir, Ibrahim Raisi, crackdowns, Behnam ben Taleblu, Ayatollah Khamenei⁠, ben Taleblu, Nader Itayim, it's, Raisi, Khamenei, Mahsa Amini, Sanam Vakil, Itayim, ATTA KENARE Organizations: Iran's, Tehran University, Iranian, Press, Anadolu, Getty, U.S, Guardian Council, Council, Foundation for Defense of Democracies, CNBC, Western, Argus Media, Reuters, Union for Secular Republic, Human Rights, Chatham House, Islamic Locations: Tehran, Iran, Israel, Mideast, Iran's, Islamic Republic, Kurdish Iranian, East, North Africa
CNN —Greek police are still searching for a US citizen who went missing on the Greek island of Amorgos, as well as two French women on the island of Sikinos in the Cyclades, a police spokeswoman told CNN on Monday. Albert Calibet, a 59-year-old American, has been missing since June 11, Petros Vasilakis, head of the Southern Aegean Police press office, told CNN. The two French nationals, aged 64 and 73 years old, went missing during a walk on the island of Sikinos, Vasilakis said. Vasilakis told CNN one of the women sent a message of distress to the guest house where she was staying. The man’s body will undergo a forensic examination later Monday to determine the cause of his death, police spokeswoman Konstantia Dimoglidou told CNN.
Persons: Albert Calibet, Petros Vasilakis, Calibet, Vasilakis, Michael Mosley, Mosely, Konstantia Dimoglidou Organizations: CNN, Southern Aegean Police, Hellenic Rescue Team, Samos Locations: Amorgos, Sikinos, British, Symi, Corfu, Samos
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
Over the past few years, the country has attracted billions of dollars in data center investments, including from tech giants like Google , Nvidia and Microsoft . Data center capacity is typically measured by the amount of electricity it consumes. Until then, Japan followed by Singapore currently lead the region in terms of live data center capacity. The index did not provide a detailed breakdown of data center capacity in China. Kenanga Investment Bank Research estimates that potential electricity demand from data centers in Malaysia will hit a total maximum demand of 5 GW by 2035.
Persons: James Murphy, APAC, Murphy, Byte's Murphy, it's Organizations: Luza, Getty, Malaysia, Google, Nvidia, Microsoft, DC, Authorities, Kenanga Investment Bank Research, Tenaga Nasional Berhad Locations: Southeast Asia, Johor Bahru, Singapore, Asia, Malaysia, Japan, India, China, Hong Kong, Malaysian
It’s just purchasing property,” Bian, who is originally form Nanjing, China, said. Bian and other Florida residents told CNN that the rules have fostered uneasiness and confusion among ethnic Chinese people living in the state. Some say the law has damaged their businesses, while others say they are considering abandoning Florida altogether. Ever since Florida Senate Bill 264 went into effect on July 1, 2023, Chinese citizens without green cards face a felony charge and possible prison time if they purchase property in the state. For Chinese citizens without the permanent right to live in the US, specifically, the law goes a step further, barring the group from purchasing any property in the state.
Persons: CNN —, Jin Bian, Bian, , Ron DeSantis, isn’t, Bill 264, Sellers, , Echo King, ” DeSantis, Clay Zhu, ” Zhu, Susan Li, Li, TikTok, Glenn Youngkin, Teresa Jin, ” Jin Organizations: CNN, Echo, Florida Asian American Justice Alliance, United, Chinese Communist Party, CCP, American Civil Liberties Union, US, US Department of Agriculture, Virginia Republican Locations: Tampa , Florida, Nanjing, China, Florida, Russia, Iran, North Korea, Cuba, Venezuela, Syria, “ Florida, United States, People’s Republic of China, Orlando , Florida, Montana, Virginia, California
Read preview"Inside Out 2" smashed box-office records this weekend, giving Disney a big boost as the summer blockbuster season kicks off. On that measure it's a better debut than "The Super Mario Bros Movie" managed and is also the biggest worldwide opening weekend of the year, Deadline reported. Latin America in particular embraced "Inside Out 2" with open arms, giving it a $61 million total across the region. Related storiesDisney also said "The Incredibles 2," released in 2018, was the only Pixar release to perform better in the US across its opening weekend. AdvertisementThe first "Inside Out" made $90 million in the summer of 2015 with a $858 million global total.
Persons: , Mario, Disney, Shawn Robbins, Mouse, Guy Organizations: Service, Disney, Business, Pixar, Marvel Locations: America
CNN —American journalist Evan Gershkovich will stand trial behind closed doors in the Russian city of Yekaterinburg starting on June 26, state-run news agency TASS reported Monday, citing the court’s press service. The Russian Prosecutor General’s office said last Thursday it had approved the indictment and referred Gershkovich’s case to a trial court. On Thursday, US State Department spokesperson Matthew Miller said the allegations against Gershkovich have “absolutely zero credibility.”“We have been clear from the start that Evan has done nothing wrong. He should be released immediately,” Miller said at a State Department briefing. Gershkovich is among a number of Americans being held in Russia, including former Marine Paul Whelan, whom the US State Department has also declared as wrongfully detained.
Persons: Evan Gershkovich, General’s, Gershkovich, “ Gershkovich, Matthew Miller, , Evan, ” Miller, Paul Whelan Organizations: CNN, Wall Street, Sverdlovsk Regional Court, US State Department, State Department, US Locations: American, Russian, Yekaterinburg, Sverdlovsk, Moscow’s, Washington, Moscow, Ukraine, Russia
CNN —Democratic Rep. Steny Hoyer will lead a bipartisan congressional delegation to Israel this week, a notable show of support as a sizable number of Democrats say they are considering boycotting Prime Minister Benjamin Netanyahu’s address to Congress next month. The congressional delegation will also discuss the ongoing efforts to secure a temporary ceasefire and the release of the remaining hostages held in Gaza by Hamas. While Congress passed a bill with aid to Ukraine and Israel in April, Democrats remain divided over Israel’s handling of its war against Hamas. CNN has spoken to dozens of Democratic lawmakers who have said they are considering boycotting Netanyahu’s speech, with several already publicly announcing their plans to not attend. “Because America’s relationship with Israel is ironclad and transcends one person or prime minister, I joined the request for him to speak,” he said earlier this month.
Persons: Steny Hoyer, Benjamin Netanyahu’s, , ” Hoyer, , Joe Biden, It’s, Netanyahu, Biden, Barack Obama, Ro Khanna, I’m, Sen, Bernie Sanders, Jim Clyburn, Chuck Schumer, CNN’s Haley Talbot Organizations: CNN — Democratic, Nine, Hamas, White, CNN, Democratic, , New York Democrat Locations: Israel, Gaza, Ukraine, Washington, California
Read previewWeddings are expensive, but guests are saying it's not up to them to help couples make ends meet with pricey gifts. You go to the wedding to pay for you, you cover your plate, and give them something." "If you're expecting your wedding guests to shovel out 300 plus dollars to attend your wedding, you are out of your fucking mind," Farmer said. "It's not your wedding guests' responsibility to fund your ridiculously expensive wedding." "I told everyone who traveled to my wedding that their presence was the wedding gift!"
Persons: , it's, EmpathEyes, aren't, Kat Thomas, Thomas, I've, that's, Farmer, commenter, Gen Zers, Gen Organizations: Service, Business, Newsweek
Prices in 70 major cities were down 0.7% in May from April, National Bureau of Statistics (NBS) figures showed on Monday. According to separate calculations by the Macquarie Group, prices of existing homes in those cities fell by 7.5% year-on-year last month, marking the biggest decline on record. A month ago, Beijing unveiled wide-ranging measures to rescue the crisis-hit property market, including asking local governments across the country to buy unsold homes from beleaguered developers and easing rules on purchases. Measures, including efforts to provide cheap loans to state-owned enterprises for buying unsold homes from distressed developers, will “take time” to have an impact on the property market, the analysts said. Property investment for the first five months of the year dropped 10.1% from a year ago, according the NBS on Monday.
Persons: , Organizations: Hong Kong CNN, National Bureau of Statistics, Macquarie Group, Societe Generale, NBS, Labor, Macquarie, HSBC, Communist Party Locations: China, Hong Kong, Beijing
Read previewOceanGate's co-founder said he thinks about the fatal Titan submersible voyage every day, and the incident pushes him to continue pursuing his vision of accessible deep-sea exploration. It's almost in the definition of exploration," he told BI in a recent interview. AdvertisementA communications firm representing OceanGate wrote in a brief email to BI that "OceanGate has suspended all exploration and commercial operations." Last year, Söhnlein told BI of his grand vision to send 1,000 people to a floating colony on Venus. And I think that's just kind of a lesson learned for everybody."
Persons: , Stockton Rush —, Rush, Arnie Weissmann, Guillermo Söhnlein, Söhnlein, didn't, Söhnlein hasn't, OceanGate, you've Organizations: Service, Stockton Rush, Business, US Coast Guard, Travel, BI, Marble Locations: Stockton, submersibles
Out west, Denes hopes to plant seeds of community with the help of the project’s host, Tinworks, an arts organization in the rapidly developing city of Bozeman. “Wheat is wonderful — it sustains humanity and is probably the most planted food next to rice. Jenny Moore/TinworksSome 200 packets of wheat were also distributed among Bozeman residents to grow concurrently with Denes' field. “Can you imagine if I could have realized 20 or 30?”Sowing seeds for changeAs with “Wheatfield,” seeds have often served as potent symbols for Denes. Courtesy Agnes Denes/Leslie Tonkonow Artworks + ProjectsWith “Wheatfield – An Inspiration,” like with all her work, Denes strives for nuance and to engender change through visitors and participants who take something meaningful from the work.
Persons: Agnes Denes, , CNN —, Denes, Bozeman . Wheat, ” Denes, , Blair, Jenny Moore, Tinworks, Kenny Van Dyke, , ” Moore, Agnes, Moore, I’d, it’s, Leslie Tonkonow, Organizations: CNN, Art Basel, Bozeman ., Bozeman, Tinworks, Montana, Locations: Lower Manhattan, Montana, Wheatfield, Budapest, New York, Battery Park City, Milan, Switzerland, Bozeman, Montana State, Ylojarvi, Finland, , Sullivan County , New York, Lewiston, Niagara, Long Island , New York, Kassel, Germany, Istanbul, Egypt, Queens , New York, “ Wheatfield
AdvertisementUS stocks edged lower Monday morning as traders took a moment to catch their breath after stocks set a series of records last week. The S&P 500 and the Nasdaq set four straight record highs last week and closed higher for the seventh week of the last eight. Goldman Sachs strategist David Kostin boosted his year-end S&P 500 price target to 5,600, representing potential upside of about 3% from current levels. Kostin had previously had a 5,200 year-end price target for the S&P 500. AdvertisementMeawnwhile, Evercore ISI boosted its S&P 500 year-end price target to a street-high 6,000.
Persons: Neel Kashkari nodded, , Goldman Sachs, David Kostin, Kostin, Neel Kashkari, Kashkari Organizations: Traders, Wall Street, Service, Nasdaq, Wall, ISI, Federal, CBS
Read previewInstagram really wants you to try out "notes" — its status feature that harkens back to the instant messaging days of the internet. Adam Mosseri, the head of Instagram, posted about the feature this month with the prompt: "What are notes about?" Meanwhile, creator Walé Oyerinde loves using the notes feature because it's one of the '"lowest effort high impact" ways to boost regular engagement on the app. AdvertisementInstagram launched the "notes" feature in 2022. She wants the notes feature to be visible to everyone who follows her so she can continue building her personal brand and cultivating a more engaged online community.
Persons: , Adam Mosseri, Mosseri, Instagram, Ashley Yuki Alexander, Celine Mili, It's, Jyoti Chand, Walé Oyerinde, I've, Milli, Khamyra, Avalon Zborovsky, Fenter, she's Organizations: Service, AIM, Business, Facebook, Meta Locations: Instagram's
Putin to visit Kim in North Korea on June 18-19
  + stars: | 2024-06-17 | by ( ) www.cnbc.com   time to read: +2 min
Russian President Vladimir Putin (R) and North Korean leader Kim Jong-un (L) visit a construction site of the Angara rocket launch complex on September 13, 2023 in Tsiolkovsky, Russia. North Korean leader Kim Jong-un is in Russia for talks with Russian President Putin. Russian President Vladimir Putin will visit North Korea on Tuesday and Wednesday, the Kremlin said, a rare trip that underscores Moscow's burgeoning partnership with the reclusive nuclear-armed state. North Korean leader Kim Jong Un extended an invitation to Putin during a visit to Russia's Far East last September. Ukrainian officials say they have counted about 50 such missiles delivered to Russia by North Korea.
Persons: Vladimir Putin, Kim Jong, Putin, Kim Jong Un, Kim, Leif, Eric Easley, Kim Hong, Putin's, Kurt Campbell Organizations: Russian, Kremlin, State Affairs of, DPRK, Democratic People's, West, United Nations, Ewha University, U.S, South Korean Locations: Tsiolkovsky, Russia, Russian, North Korea, Russia's, Pyongyang, Democratic People's Republic of Korea, Vietnam, Ukraine, United States, Europe, Asia, Washington, Seoul, Moscow
Booth predicted that the number of large bankruptcies would climb to 25 by the end of June, surpassing the peak of large corporate bankruptcy filings during the pandemic. "When you have these large bankruptcies, liquidations, and what have you, you do have a loss of income. Meanwhile, the economy has lost around a million full time workers over the last 12 months, Booth noted. 10% of small business owners said labor costs were their "single most important problem," according to the latest Small Business Optimism Index. Booth has previously argued that the economy is already in a recession due to weakness in the labor market.
Persons: , Danielle DiMartino Booth, bankrupcies, Booth, David Lin, Gray Organizations: Service, QI, P, Business, Companies, Challenger Locations: America
Starboard's stake is valued at roughly $500 million, according to people familiar with the matter. The results of that probe led to the ouster of Autodesk's then-CFO, Deborah Clifford, who was moved to a different executive role within Autodesk. The probe found that executives manipulated reporting tied to company's contract billing structure, as Autodesk shifted back to upfront payments from annualized payments, to improve those metrics. The delayed disclosure came a little more than a week after the deadline to nominate directors closed. Starboard is weighing legal action in Delaware Chancery court to compel the reopening of Autodesk's nominating window and the delay of Autodesk's annual meeting, the people said.
Persons: Jeff Smith, Autodesk's, Deborah Clifford, Marc Benioff's Salesforce Organizations: Autodesk, Securities and Exchange Commission, Cisco, Wall Street, Sachem, Capital Management, Eminence Capital, Justice Department, SEC Locations: Delaware
Nikhil Gupta has been accused by U.S. federal prosecutors of plotting with an Indian government official to kill Gurpatwant Singh Pannun, a U.S. resident who advocated for a sovereign Sikh state in northern India. Gupta traveled to Prague from India last June and was arrested by Czech authorities. Canada said in September its intelligence agencies were pursuing allegations linking India’s government to the murder of Sikh separatist leader Hardeep Singh Nijjar in June 2023 in Canada. India’s government has dissociated itself from the plot against Pannun, saying it was against government policy. New Delhi has long complained about Sikh separatist groups outside India, viewing them as security threats.
Persons: Nikhil Gupta, Gurpatwant Singh Pannun, Gupta, Jeffrey Chabrowe, India’s, Hardeep Singh Nijjar, Pannun, , Narendra Modi, Washington Organizations: Washington Reuters, U.S, of Prisons, Indian, Metropolitan Detention Center, U.S . Justice, Sikh, Reuters Locations: An, United States, Czech Republic, U.S, India, Prague, Czech, Brooklyn, Brooklyn ., Canada, Washington . New Delhi
"Consumers need to understand that the cavalry isn't coming anytime soon, so the best thing you can do is take things into your own hands when it comes to lowering credit card interest rates," said Matt Schulz, chief credit analyst at LendingTree. But that hasn't deterred credit card issuers from offering generous terms on balance transfer cards, Rossman said. But right now, it's kind of a Goldilocks environment for credit card issuers." It's also an ideal time for consumers to take advantage of all the options credit card issuers are offering. A balance transfer credit card moves your outstanding debt from one or more credit cards onto a new card, typically with a lower interest rate.
Persons: Matt Schulz, Michele Raneri, APRs aren't, Schulz, Ted Rossman, Rossman, It's Organizations: Federal Reserve, TransUnion, CNBC, Finance, Treasury Department, Federal Reserve Bank of New Locations: U.S, Federal Reserve Bank of New York
How to pick a good, affordable college before applying
  + stars: | 2024-06-17 | by ( Jeanne Sahadi | ) edition.cnn.com   time to read: +8 min
New York CNN —Long before you take your high schooler on college campus tours, consider this: Shopping for college shouldn’t be any different than shopping for a home. Getting into that top 25% cohort is based on SAT or ACT scores, and having a high, unweighted GPA based on a rigorous high school curriculum. Other ways to reduce college costs before applyingWhile your children are in high school they can take other steps to reduce the total cost of their education. If their high school doesn’t offer them, there is a program called Freshman Year for Free offered by the Modern States Education Alliance. Getting the minimum AP scores a college requires to earn a college credit will lower how much you ultimately have to spend on tuition.
Persons: New York CNN — Long, , Beth Walker, Walker, doesn’t, pare, Mike McKinnon, won’t, Todd Fothergill, Fothergill, you’re, ” Fothergill, ” Walker, Said Walker, Organizations: New, New York CNN, shouldn’t, , College, , National Institute of Certified College Planners, Ivy League, Loan, Students, Stafford, American, Tax, of Education College, College Board, Free, Modern States Education Alliance Locations: New York
Lekander predicted the EV maker's stock would plunge to $15 a share, implying a 91% decline. Tesla stock represents one of the greatest bubbles in history, he said. Earnings are falling off a cliff," he added, estimating Tesla's earnings could fall as much as 50% this year. Lekander, who has been shorting Tesla stock since 2020, echoed other Tesla bears, who have criticized the stock's lofty valuation and predicted a coming correction. AdvertisementIf the company reports losses for two quarters in a row, the stock could easily see losses in the double-digits, Lekander predicted.
Persons: Lekander, , Tesla Organizations: EV, Service, Energy, Yahoo Finance
Read previewEast Asia has some of the world's lowest fertility rates, forcing countries in the region to think hard about how to maintain their military strength. This is particularly concerning given the rise in tensions between North and South Korea, and between China and the US. China, Japan, and South Korea have fertility rates below the global replacement rate — resulting in declining populations. South Korea's fertility rate was 0.72 in 2023, the lowest in the world, compared to the global average of 2.2, according to The Lancet. Hughes said that, like South Korea, Japan has been left thinking about how automation and AI can mitigate the worst effects of a shortage of an army-age population.
Persons: , Ramon Pacheco Pardo, Pardo, Chris Hughes, Hughes, They've, it's, China's Organizations: Service, Business, KF, VUB, Brussels School, Governance, Vrije Universiteit Brussel, South Korean, North, - Defense Forces, University, Warwick, Self - Defense Forces, Japan Times, Liberation Army, Nikkei Asia Locations: Asia, North, South Korea, China, Japan, Korea's, VUB Korea, Vrije, North Korea, Korea, Israel, Pardo, Ukraine, Russia
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