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☆ It’s Not Just Russia: China Joins the G7’s List of Adversaries
▼ + stars: | 2024-06-15 | by ( David E. Sanger | ) www.nytimes.com time to read: +1 min

President Biden was eager to get off the stage at the Group of 7 summit Thursday night, clearly a bit testy after answering questions about Hunter Biden’s conviction and the prospects of a cease-fire in Gaza. But at the end of his news conference with President Volodymyr Zelensky of Ukraine, he couldn’t seem to help jumping in as the Ukrainian leader spoke delicately about China’s tightening relationship with Russia. He leaned into his microphone as soon as Mr. Zelensky was finished. “By the way, China is not supplying weapons” for the war in Ukraine, Mr. Biden said, “but the ability to produce those weapons and the technology available to do it.”“So, it is, in fact, helping Russia,” he said. Throughout the Group of 7 summit meeting in Puglia, China has been the lurking presence: as the savior of “Russia’s war machine,” in the words of the summit’s final communiqué; as an intensifying threat in the South China Sea; and as a wayward economic actor, dumping electric cars in Western markets and threatening to withhold critical minerals needed by high-tech industries.

Persons: Biden, Hunter Biden’s, Volodymyr Zelensky, Zelensky, ”, “ Organizations: Group, “ Locations: Gaza, Ukraine, Russia, China, Puglia, South China

☆ What Have Progressives Done to the West Coast? - The New York Times
▼ + stars: | 2024-06-15 | by ( Nicholas Kristof | ) www.nytimes.com time to read: +1 min

As Democrats make their case to voters around the country this fall, one challenge is that some of the bluest parts of the country — cities on the West Coast — are a mess. Centrist voters can reasonably ask: Why put liberals in charge nationally when the places where they have greatest control are plagued by homelessness, crime and dysfunction? I’m an Oregonian who bores people at cocktail parties by singing the praises of the West, but the truth is that too often we offer a version of progressivism that doesn’t result in progress. We are more likely to believe that “housing is a human right” than conservatives in Florida or Texas, but less likely to actually get people housed. We accept a yawning gulf between our values and our outcomes.

Locations: San Diego, Seattle, I’m, Florida, Texas

☆ A woman who hates cooking shared the 5 easy, healthy meals that helped her lose 200 pounds
▼ + stars: | 2024-06-15 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +5 min

AdvertisementSo she developed new staple meals like cottage cheese bowls and chicken with potatoes. Mancuso shared the easy, staple meals that helped her lose 200 pounds over two years. Cottage cheese bowls"I've had cottage cheese bowls most days," Mancuso said. She said she sometimes eats cottage cheese as it is, but other times blends it into a smooth yoghurt-like consistency. Related stories"I add maple syrup to sweeten and also sometimes add a flavored protein powder to add more protein," Mancuso said.

Persons: —, Leah Mancuso, Mancuso, aren't, she's, fryer, Mancuso hasn't, takeout, that's Organizations: Service, Business, carbs Locations: Scottsdale , Arizona

☆ Take a look at some of the coolest new AI features announced by Apple that you may have missed
▼ + stars: | 2024-06-15 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Read previewTim Cook unveiled Apple's generative AI strategy, which it calls "Apple Intelligence," at its Worldwide Developer Conference earlier this week. At its biggest conference, Apple revealed a bunch of cool AI features that will be launched through its upcoming software update, iOS 18, and on its latest Mac and iPad operating systems. Apple said Mail is also getting a "Smart Reply" boost, which will offer suggestions for automatic responses. It will also have a "Reduce Interruptions" feature that Apple says will "help users stay present" in whatever they are focused on. Record and transcribe audio files in the Notes appNotes is getting an AI boost.

Persons: —, Tim Cook, Apple, Siri, Siri's, You'll Organizations: Service, Apple Intelligence, Worldwide, Apple, OpenAI, Business

☆ People are delaying buying new cars, creating a deflationary 'spiral' that's bad news for the auto industry
▼ + stars: | 2024-06-15 | by ( Nora Naughton | ) www.businessinsider.com time to read: +1 min

Delayed purchases can lead to a "deflationary spiral" for the automotive industry. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . High interest rates remain a big deterrent for many car shoppers, and price volatility has some car shoppers delaying their purchases in hopes they can get an even better deal in a month or two. That's creating a big problem for the automotive industry, according to one economist. This story is available exclusively to Business Insider subscribers.

Persons: —, It's Organizations: Service, Business

☆ A nutritionist shares 2 unusual tips to get the most benefit from immunity-boosting foods
▼ + stars: | 2024-06-15 | by ( Renée Onque | ) www.cnbc.com time to read: 1 min

Experts say you should aim to bolster your immune system no matter the season, and diet is a major way you can do just that. Gut health can contribute to the state of your immune system, Kim Shapira, a dietitian and nutrition therapist, tells CNBC Make It. Shapira recommends these "quick ways to repair your gut" and boost your immunity:Eat foods high in omega-3s including flax seeds, chia seeds, hemp seeds and fatty fishGet diverse servings of fruits and vegetables in your dietTake a good quality probioticAdd fermented foods to your mealsReach for foods high in antioxidants like vitamin A, C, D, E and K (including mushrooms, seeds, asparagus, berries or oranges)Aim to eat whole grains that are high in fiberBut Shapira points out that it's not only what you eat but how you eat it, too. Here are two tips she has for getting the most nutrients from the foods you eat.

Persons: Kim Shapira, Shapira, chia Organizations: CNBC

☆ PHOTOS: Kate Middleton attends the Trooping the Colour parade — her first public appearance since her cancer diagnosis
▼ + stars: | 2024-06-15 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +1 min

The new portrait of Kate Middleton was taken in June at her home in Windsor. She added that she has been experiencing "good days and bad days." She wrote that,"On those bad days you feel weak, tired and you have to give in to your body resting. But on the good days, when you feel stronger, you want to make the most of feeling well." Kate added that her treatment is ongoing but that she is starting to do "a little work from home" and that she hopes to attend more public engagements over the summer.

Persons: Kate, Kate Middleton, Matt Porteous, William Locations: Windsor

☆ Israeli tour guides say leading groups to October 7 terror sites is the only way for them to make money now
▼ + stars: | 2024-06-15 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +6 min

Now, months later, he's leading tours to the site where he narrowly escaped death, and where he lost three of his closest friends. "I'm in a situation where I need to make a living," he told Business Insider. Courtesy of Danny "The Digger" Herman ToursAri Melnik, another tour guide, said that for some tourists, that's a draw. Slava Bazarsky, a tour guide, holds a bullet while giving a tour of a kibbutz targeted on October 7. Courtesty of Slava BazarskyAnother tour guide, Slava Bazarsky, solicits donations to the local kibbutzim while charging a participation fee.

Persons: —, Amit Musaei, he's, Musaei, Danny Herman, Danny, Herman, Yad Vashem, it's, Herman Tours Ari Melnik, Melnik, Courtesty, Slava Bazarsky, Bazarsky Organizations: Service, Business, Gaza, UN Locations: Nova, Israel, Jerusalem, Gaza, Auschwitz, Yad, Melnik

Many forms of help are tied to the federal poverty line, which is calculated using a formula that has largely not been updated since the 1960s. The poverty line is calculated in an outdated wayThe current federal poverty line for the 48 contiguous states and Washington, DC, is $15,060 a year for one person, $20,440 for a family of two, and $31,200 for a family of four. Courtesy of Melissa HeddenMuch of the resistance to changing the federal poverty line could stem from the government's desire not to inflate the number of people in poverty overnight. AdvertisementRep. Kevin Mullin, a Democrat from California, has introduced legislation — called the Poverty Line Act— that would modernize the federal poverty line, taking into account actual costs of goods and how prices differ across regions. Do you make above the poverty line but not enough to meet your daily needs?

Persons: —, Jason Hopkins, Hopkins, he's, He's, doesn't, ALICE —, Nyx, Beth Jarosz, Kyle Ross, ALICE, Mollie Orshansky, Jarosz, Stephanie Hoopes, United For ALICE, they've, Melinda Binkley, Ryan Arbuckle, Louis, Oleg Parubin, Parubin, Melissa Hedden, Melissa, Ross, Biden, Kevin Mullin, Mullin, Michael Tubbs, Tubbs Organizations: Service, Business, America, Center for American Progress, Bureau of Labor Statistics, of Health, Human Services, Assistance, Women, Children, United For, SNAP, Bills, Senate Locations: Illinois, Washington, DC, Stillwater , Minnesota, St, Manhattan, Airbnbs, North Carolina, California, Stockon , California, Illinois —

☆ We bought a home by the ocean for $212K in Laguna Beach, CA
▼ + stars: | 2024-06-15 | by ( Lauren Shamo | Gene Kim | ) www.cnbc.com time to read: 1 min

Unlocked is a home tour series focused on how much people across the globe spend on their housing, what they get for the money and what they had to sacrifice to make it happen.

☆ I used to judge my daughter for not folding the laundry. Then I realized there was a heartwarming reason why.
▼ + stars: | 2024-06-15 | by ( Margery Berger | ) www.businessinsider.com time to read: +5 min

I think my kids should do their dishes immediately after eating, fold their laundry, and make their beds — because that's what I do. I don't make it for them, but I do often empty their overflowing bathroom wastebasket when I visit them. When my daughter Ali brought my future son-in-law Chrix home to meet me for the first time, he learned just how helpful I am. I love visiting my daughter's familyThey married five years ago and have two daughters, now 3-years-old and 18 months. A few weeks ago, when I was staying with them, my daughter said, "Mommy, stop folding the clothes."

Persons: I've, Ali, Chrix, Noa vacuuming, Noa, it's Organizations: Service, Florida Power Locations: Seattle, Miami, United States

☆ Elevated interest rates are creating the best entry point in decades for a severely discounted index expected to see an explosive upside of up to 100% as rates drop
▼ + stars: | 2024-06-15 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

At the turn of the year, the market was banking on six rate cuts beginning in March. Advertisement"The valuation ratio from small caps to large caps right now is at a 24-year low. This is probably one of the best entry points into small and mid-cap stocks," Ewing said. He added that when the Fed starts cutting rates, small caps have historically outperformed. Morningstar holds steady to its expectation of two rate cuts of 25 basis points each for 2024.

Persons: Jerome Powell, James St . Aubin, Brett Ewing, you've, we're, Ewing, haven't, David Sekera, Russell, Sekera Organizations: Service, Federal, Market Committee, Sierra Funds, Fed, Morningstar

☆ This couple lives in a vintage 940-square-foot trailer by the beach for $5,100 a month: It's 'the California dream'
▼ + stars: | 2024-06-15 | by ( Jaclyn Westlake | ) www.cnbc.com time to read: +7 min

When my husband Brian first told me he's from Laguna Beach, it took everything in me to play it cool. Deciding we wanted to stay in Laguna Beach wasn't hard — I mean, it's beautiful, sunny, laid back, and has a thriving art scene. Finding a creative way to live in Laguna BeachThe median home price in Laguna Beach hovers around $3 million and the median monthly rent is over $8,000. Take a look inside our 'vintage' Laguna Beach trailerOur two-bedroom, two-bathroom home was built in the 1960s. The trailer is across the street from the beach and Jaclyn and Brian typically head over a couple days a week.

Persons: Brian, millennials, I'd, Kristin, Seth, Brian's, we'd, We've, Jaclyn Westlake, we're, Jaclyn, Tristan Pelletier, you'll, it's, Brian didn't, Indiana Jones, we've Organizations: CNBC, Brian's Locations: Laguna Beach, Los Angeles, Laguna, Brian's, It's, California

☆ Bitcoin will hit $500,000 by the end of this decade as ETF demand booms, Bernstein says
▼ + stars: | 2024-06-15 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Bitcoin is predicted to hit $500,000 by 2029, according to Bernstein. The bullish outlook is driven by a sustained boom in demand for bitcoin ETFs, combined with constrained supply. AdvertisementThe price of bitcoin is set to soar to $500,000 by the end of the decade, according to a recent note from Bernstein. Advertisement"This is led by unprecedented Bitcoin demand ($190Bn AUM in 2025E vs. $60Bn today) via ETFs run by the world's leading asset managers, and Bitcoin supply being constrained," Bernstein said. Bernstein argues that MicroStrategy deserves the premium valuation as it offers investors an "active-leveraged" strategy compared to passive bitcoin ETFs.

Persons: Bitcoin, Bernstein, —, Gautam Chhugani, Mahika Sapra, bitcoin, Chhugani, Sapra, MicroStrategy Organizations: Service, BTC

No matter who you're hoping to see play at the US Open, we've got you covered when it comes to unpacking your watch options. How to watch the US Open in the USUS Open coverage is spread across NBC, USA, and Peacock in the US. Peacock coverage will also be available from 9 a.m. to 12 p.m. Peacock subscriptions start at just $5.99 a month. This is where a live TV streaming package like Sling TV or Fubo can come in handy. Check price at FuboHow to watch the US Open in the UKUS Open coverage airs on Sky Sports in the UK.

Persons: Scottie Scheffler, he's, Xander Schauffele, Rory McIlroy, Ludvig Aberg, we've, Peacock, ExpressVPN Organizations: Business, 124th, Pinehurst, NBC, USA, Sling, Sky Sports Locations: North Carolina, USA

☆ An unexpected generational realignment is scrambling the 2024 election
▼ + stars: | 2024-06-15 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +4 min

CNN —A truism of American politics is that older voters prefer the Republican and younger voters prefer the Democrat. In 2012, Republican Mitt Romney lost the election, but he did better than Democrat Barack Obama among voters 45 and older. Older voters are gravitating to Biden, and younger voters are taking a look at Trump. But older voters have gone in the opposite direction, and instead of favoring Trump, are nearly split in the Marist poll. Despite the shift of older voters in the direction of Biden (and younger voters away from him), I was surprised to see older voters still have reservations about Biden’s age.

Persons: Democrat Joe Biden, Republican Donald Trump, —, Trump, Hillary Clinton, Clinton, Republican Mitt Romney, Barack Obama, haven’t, George H.W, Bush, Michael Dukakis, Al Gore, Republican George W, gravitating, Biden, “ Joe isn’t, ”, Jill Biden, CNN’s Jeff Zeleny, Eric Bradner, Bradner, Linda Van, “, I’d, Ronald Brownstein Organizations: CNN, Democrat, Republican, Electoral, Voters, Trump, Marist, Quinnipiac University, New York Times, Siena College Locations: Pennsylvania, Wisconsin, Michigan, ”

☆ Ukrainian Refugees in Devon, England, Feel Safer but Lost - The New York Times
▼ + stars: | 2024-06-15 | by ( Frankie Mills | Photographs | ) www.nytimes.com time to read: 1 min

For almost two years Tania Drobot, a 53-year-old math teacher from Kyiv, Ukraine, has lived in the home of Fiona and David Ion, in Moorhaven, Devon, on the southwest coast of England. They have questions about each other’s cooking. Tania likes steamed meatballs, considers a plate of hot vegetables a salad and uses a lot of sumac; Fiona and David disagree on all counts. She likes faux leather; they like comfortable rainwear. And they navigate daily life without really sharing a common language, occasionally gesturing to be understood.

Persons: Tania Drobot, Fiona, David Ion, David Locations: Kyiv, Ukraine, Moorhaven , Devon, England

☆ trooping the colour princess kate: Catherine, Princess of Wales to attend King’s birthday celebration
▼ + stars: | 2024-06-15 | by ( Lauren Said-Moorhouse | ) edition.cnn.com time to read: +3 min

London CNN —Catherine, Princess of Wales is to take part the Trooping the Colour celebration on Saturday - the King’s official birthday parade - in what will be her first public appearance since revealing her cancer diagnoses. The Princess of Wales - also known as Kate - will watch the rest of the parade with her family nearby, and is expected to join fellow royals on the balcony. The event - one of the highlights of the royal calendar - is a tradition marking the official birthday of the British sovereign for more than 260 years. Britain’s Kings and Queens have doubled up on their festivities since the 18th century, holding both a public celebration – the official birthday – and a more private event on the real date. Three of the British Army’s horses which bolted across in London in April have returned to duty and are expected to take part in this weekend’s birthday parade.

Persons: London CNN — Catherine, Princess, “, ” King Charles III, Britain’s, King George II, Charles III, George, King Charles, Ascot landau, Queen Camilla . Three Organizations: London CNN, Guard’s, Queens Locations: Wales, London, Buckingham Palace, British, Britain’s Kings, Ascot

☆ 3 easy ways to bring the Blue Zone diet home from Costa Rica's Nicoya Peninsula
▼ + stars: | 2024-06-15 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +1 min

Costa Rica's Nicoya Peninsula is one of the world's blue zones, where residents live longer. I tried the Costa Rican diet for about two weeks and saw big differences to meals in the US. Here are three ways to bring elements of the Blue Zone diet back home. AdvertisementLast month, as I explored Costa Rica's Pacific coast, I took particular care to visit the Blue Zone of the Nicoya Penninsula. But there are also clear differences in the local diet here compared to both elsewhere in the country and around the world.

Persons: Costa, —, I'd Organizations: Service, Central, Business Locations: Nicoya, Costa Rican, Costa, Pacific, Central American

☆ The Business of Being Lorne Michaels
▼ + stars: | 2024-06-15 | by ( Lauren Hirsch | ) www.nytimes.com time to read: +1 min

It’s 1:01 a.m. on a Sunday morning in May, and Lorne Michaels, the creator and producer of “Saturday Night Live,” has just finished the final episode of the 49th season. He spent those 90 minutes pacing backstage, hands in pockets, surveying the actors, allowing himself only an occasional chuckle of satisfaction. But on the floor, Michaels, 79, has just concluded his 20th show of the year with resignation: “I only see the mistakes,” he says. He is likely to spend the weekend perseverating about every detail, he says. Michaels, through “S.N.L.,” has built an entertainment empire that has survived for half a century despite the dismantling of traditional television.

Persons: Lorne Michaels, ”, Jake Gyllenhaal, Sabrina Carpenter, Michaels, “, he’ll, — Locations: “

☆ Supreme Court’s abortion pill ruling puts new focus on conservative Trump judge in Texas
▼ + stars: | 2024-06-15 | by ( John Fritze | Tierney Sneed | ) edition.cnn.com time to read: +9 min

In the mifepristone case, Kacsmaryk’s initial ruling was notable not just for its sweeping nature but in how he embraced the anti-abortion movement’s sensational rhetoric about the procedure. The groups fighting mifepristone argue that the Supreme Court’s decision shouldn’t affect the states’ ability to sue. Both the FDA and several medical groups, including the American Medical Association, told the Supreme Court that mifepristone is safe. But the Supreme Court knocked that argument aside, noting that federal law already allows doctors to avoid performing procedures that violate their conscience. Adam Unikowsky, a veteran Supreme Court litigator who has closely followed the mifepristone case, predicted it will be hard for the states to get the issue back before the Supreme Court.

Persons: Matthew Kacsmaryk, Donald Trump, ”, Carrie Flaxman, Brett Kavanaugh, mifepristone, ” Kavanaugh, Roe, Wade, Kansas –, Andrew Bailey, Kacsmaryk, Joe Biden’s, Biden, it’s, ” Julia Kaye, Erin Hawley, “, –, Adam Unikowsky, litigator, Unikowsky, They’re, ” Jaime Santos, Goodwin, “ that’s, Kavanaugh, isn’t Organizations: CNN, Trump, mifepristone, Supreme, Food, Democracy Forward, and Drug Administration, Republican, Alliance for Hippocratic, Biden, ACLU, Defending, FDA, American Medical Association Locations: Texas, Amarillo, – Missouri, Idaho, Kansas, Missouri, Texas ’, Mexico, Missouri , Idaho

☆ Western Anxiety Makes for an Unexpectedly Smooth G7 Summit
▼ + stars: | 2024-06-15 | by ( Steven Erlanger | ) www.nytimes.com time to read: +1 min

The Group of 7 summit that ended on Saturday went extraordinarily smoothly by the standards of a gathering where the leaders of major powers come together. That was a measure of the anxiety the leaders feel about deteriorating trends in Ukraine, in the Middle East, in China and in their own political futures. There was a dispute over the use of the word “abortion” in the communiqué, prompted by the host, Prime Minister Giorgia Meloni of Italy, but that was seen as a gesture to her domestic constituency. On important issues of geopolitics, there was little that divided the group. President Biden may appear politically vulnerable and uncertain of re-election, but this summit meeting was another example of unchallenged American leadership of the West, especially on contentious issues of war and peace.

Persons: Giorgia Meloni, Biden, Volodymyr Zelensky Organizations: Ukraine — Locations: Ukraine, China, Italy, United States, Japan, Russia

☆ The Look Ahead: June 14, 2024
▼ + stars: | 2024-06-15 | 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 EmailNews Update - The Look AheadCNBC brings you fast, accurate, and actionable business news and market updates.

Organizations: CNBC

☆ Opinion | Jan. 6, America’s Rupture and the Strange, Forgotten Power of Oblivion
▼ + stars: | 2024-06-15 | by ( Linda Kinstler | ) www.nytimes.com time to read: +1 min

On March 4, Judge Tanya Chutkan presided over jury selection for a criminal trial in a Jan. 6, 2021, case. On his first day in court, Mr. Nester sat next to his attorney wearing a collared shirt and a tie, his glasses perched atop his gray hair. He glumly surveyed the potential jurors seated in the benches behind him, 12 of whom would later that week determine his fate. Mr. Trump, whose criminal trial has been put on hold pending Supreme Court review, spent that week on the campaign trail. Mr. Nester is the among the latest in a long string of Jan. 6 insurrectionists who have over the past three and a half years sat for trial in the E. Barrett Prettyman U.S.

Persons: Tanya Chutkan, Donald Trump, Nester, glumly, Trump, Barrett Prettyman Organizations: Capitol, Courthouse Locations: Pennsylvania, Washington, Washington ,

☆ The good economic news this week was just that … good news
▼ + stars: | 2024-06-15 | by ( Alicia Wallace | ) edition.cnn.com time to read: +5 min

CNN —“Good news is bad news” has been a common refrain for a while now. When economic reports are released that are solid, they have all too often been clouded with concerns that good news for the economy actually means a longer wait before the Federal Reserve rolls out rate cuts. Inflation as measured by the Consumer Price Index cooled more than expected in May, with prices holding flat on the month for the first time since July 2022. The markets don’t seem to be buying the one-cut plan, especially after the Producer Price Index on Thursday showed that wholesale prices fell from April to May and the BLS’ Import and Export Price Index showed that US imports prices fell 0.4% in May after rising 0.9% in April. And more good news is likely on the way this next week and later this month, Brusuelas said.

Persons: CNN —, ”, Joe Brusuelas, —, ” Brusuelas, spoilsport, Price, ” Chris Rupkey, “, ” Rupkey, Brusuelas Organizations: CNN, Federal Reserve, RSM US, New York Fed, National Federation of Independent, Consumer, Index, BLS, Price, FwdBonds, CPI, PPI

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