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☆ Trump Eyes Bigger Trade War in Second Term
▼ + stars: | 2024-06-27 | by ( Ana Swanson | Alan Rappeport | ) www.nytimes.com time to read: +1 min

They hit back, imposing tariffs on American soybeans, whiskey, orange juice and motorcycles. U.S. agricultural exports plummeted, prompting Mr. Trump to send $23 billion to farmers to help offset losses. Now, as he runs for president again, Mr. Trump is promising to ratchet up his trade war to a much greater degree. He has proposed “universal baseline tariffs on most foreign products,” including higher levies on certain countries that devalue their currency. Mr. Trump, who once proclaimed himself “Tariff Man,” has long argued that tariffs would boost American factories, end the gap between what America imported and what it exported and increase American jobs.

Persons: Donald J, Trump, ” Organizations: ”, European, America Locations: China, Canada, European Union, Mexico, India

Thursday night’s Copa América contest between the U.S. men’s national team and Panama was not lacking for drama. The result puts the U.S.’s Copa América on life support as they prepare to close out the group against Uruguay on Monday in Kansas City. 12′: USMNT goalkeeper Matt Turner knocked to the ground after challenge from Cesar Blackman. Weah will now miss the group finale against Uruguay, and winger is one of the thinnest positions for the USMNT. If he is now to miss the crucial Group C game against Uruguay it will be a major headache for Berhalter.

Persons: Jose Fajardo, Weston McKennie, Tim Ream, Matt Turner, Cesar Blackman, Tim Weah, Roderick Miller ., Blackman, Turner, Ethan Horvath, Gregg Berhalter, Cameron Carter, Vickers lunge, Adalberto Carrasquilla, Christian, Tim Weah’s, Weah, Panama’s Roderick Miller, ” Berhalter, “, Ivan Barton, Eduardo Munoz, Berhalter, Vickers, Gio Reyna, Johnny Cardoso, Tyler Adams, Paul Tenorio Balogun’s, Folarin Balogun, bui, aga, tim, Ric, er Wh, e, onl y Organizations: Copa América, U.S, men’s, CONCACAF, Panama, Uruguay, Lille, Getty Images, AS Monaco, Bolivia, pla Locations: Panama, Kansas City, U.S, Jos

☆ Richard Branson: This is the worst piece of career advice anyone's ever given me
▼ + stars: | 2024-06-27 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

"Do what you know" is common career advice, but not everyone agrees it's wise. Virgin Group co-founder and billionaire Richard Branson says it's the worst career advice he's ever received. In fact, Branson broke through by doing the opposite, he discussed on a recent episode of the Work Life with Adam Grant podcast. Branson — who has a $2.6 billion net worth, according to Forbes — built his career and fortune from the Virgin Group, a venture capital and holding company. While Branson sold the music label for nearly $1 billion in 1992, the Virgin Group now owns companies in sectors ranging from airlines and hotels to media and spaceflight.

Persons: Richard Branson, he's, Branson, Adam Grant, Branson —, Forbes —, Grant Organizations: Virgin Group, Branson, Virgin Records, Rice University Locations: Wharton

☆ What Nike investors want to hear from the company in the latest earnings report
▼ + stars: | 2024-06-27 | 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 EmailWhat Nike investors want to hear from the company in the latest earnings reportMatt Powers of Powers Advisory Group says he wants to hear more commentary from management about Nike's turnaround efforts than the headline numbers in the quarterly earnings report.

Persons: Matt Powers Organizations: Nike, Powers

☆ China says it picked up a submarine detector dropped by a US Navy aircraft in the South China Sea
▼ + stars: | 2024-06-27 | by ( Chris Panella | ) www.businessinsider.com time to read: +1 min

Chinese state media shared a video of what it characterized as a submarine detection device dropped by a US Navy aircraft. The apparent sonobuoy was discovered in the South China Sea near the Second Thomas Shoal. AdvertisementChina's coast guard found a submarine detection device dropped by a US Navy aircraft somewhere in the South China Sea, a state broadcaster reported. Maritime patrol aircraft often use them and other detectors in open waters to track submarine movements and locations. Video footage shared by Chinese state media on Wednesday showed a US Navy aircraft, what appears to be a P-8 Poseidon, dropping an object resembling a sonobuoy into the South China Sea.

Persons: Thomas Shoal, — Organizations: US Navy, Military, Service, Business Locations: South China, China

☆ Trump will debate Biden while still bound by gag orders. Here's what he can't say
▼ + stars: | 2024-06-27 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

President Joe Biden and former President Donald Trump 2024. Kevin Lamarque | Jay Paul | ReutersWhen he faces President Joe Biden in Thursday's debate, former President Donald Trump will have to watch his tongue. Trump is still bound by multiple court-imposed gag orders that limit what he can say about his sprawling portfolio of legal troubles. The hush money gag orderTrump has grappled with the gag order applied by Manhattan Supreme Court Judge Juan Merchan during the ex-president's historic criminal hush money trial. But Merchan on Tuesday partially lifted the order, allowing Trump to speak about trial witnesses and the jurors.

Persons: Joe Biden, Donald Trump, Kevin Lamarque, Jay Paul, Trump, Biden, Juan Merchan, Stormy Daniels, Attorney Alvin Bragg, Merchan, Daniels, Michael Cohen, Donald Organizations: Reuters, Trump, NBC News, Republican, Democratic, Manhattan, Attorney, NBC Locations: New York, Manhattan

The Opinion Video above lays out the unique challenges facing President Biden and Donald Trump when they meet in Atlanta on Thursday for their first 2024 presidential debate. A lot has happened in the four years since they last appeared together on a debate stage, including a violent insurrection at the U.S. Capitol, many more months of a raging pandemic, the overturning of Roe v. Wade, galloping inflation and the outbreak of wars in Ukraine and the Middle East. Indeed, there’s no shortage of matters for the two men to discuss. In the Opinion Video above, we draw on footage of their past performances, in debates as well as on the campaign trail, to show what each candidate needs to do — and what he needs to avoid — to win the day. The stakes are high, and so is the risk of failure.

Persons: Biden, Donald Trump, Roe, Wade Organizations: U.S . Capitol Locations: Atlanta, Ukraine

Talking pointsAll eyes will be on CNN at 9 p.m. Eastern, when President Biden and Donald Trump face off in their first debate since 2020. Among the keenest watchers will be executives and investors looking for signs about how the candidates might handle the economy and business in a second term. There will be plenty to scrutinize in the 90-minute, audience-free debate, including what the candidates say and how they say it. What will Biden and Trump say about some of the key issues? In Thursday night’s debate, “markets probably care more about presentation than policy pledges,” Paul Donovan, an economist at UBS, wrote in a client note.

Persons: Biden, Donald Trump, Trump, ” David Bahnsen, DealBook, ” Paul Donovan, Elon Musk, There’s, J.D, Vance of, Doug Burgum, Marco Rubio Organizations: CNN, Bahnsen, UBS, Biden, Trump, Times, Gov Locations: Atlanta, Vance of Ohio, North Dakota, Marco Rubio of Florida

☆ AI pioneer Illia Polosukhin, one of Google's 'Transformer 8,' wants to democratize artificial intelligence
▼ + stars: | 2024-06-27 | by ( Katie Tarasov | ) www.cnbc.com time to read: +2 min

Before Illia Polosukhin left Google in 2017, he had a brainstorming lunch and then returned to his desk to build what may have been the very first transformer, the neural network architecture that makes generative artificial intelligence possible. Seven of the "Transformer 8" joined Nvidia CEO Jensen Huang at GTC, Nvidia's annual developer conference in San Jose on March 20, 2024. From left to right: Lukasz Kaiser, Noam Shazeer, Aidan Gomez, Jensen Huang, Llion Jones, Jakob Uszkoreit, Ashish Vaswani and Illia Polosukhin. All eight of the authors have now left Google, although Polosukhin was the first to depart. Watch the video to hear the full conversation between CNBC's Katie tarasov and and Illia Polosukhin.

Persons: Polosukhin, Jensen Huang, Illia Polosukhin, Lukasz Kaiser, Noam Shazeer, Aidan Gomez, Llion Jones, Jakob Uszkoreit, Ashish Vaswani, OpenAI, Alexander Skidanov, CNBC's Katie tarasov, Illia Organizations: Nvidia, Google, CNBC Locations: San Jose

☆ Why some restaurants and bars are banning younger patrons
▼ + stars: | 2024-06-27 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +11 min

Barounis says his age policy was rare back then, and some at the time questioned his decision to keep out younger customers. As Barounis sees it, the uproar over the restaurant’s age policy suggests it might have been too extreme. But the conversation around the restaurant’s unconventional age policy raises some interesting questions: To what extent can businesses dictate who their customers are? In fact, Bliss owner Marvin Pate tells CNN his positive dining experiences at adults-only resorts are what inspired his restaurant’s age policy. Marvin Pate, owner of Bliss, says his restaurant's age policy was inspired by his and his wife's experiences at adults-only resorts.

Persons: Johnny B, Barounis, ” Barounis, Bliss, Louis, ”, Marvin Pate, Tina Pate, ” Pate, it’s, Pate, Trey Lindley, Lindley, Troy Hahn, ” “, he’s, Bliss aren’t, Jason Kaplan, Kaplan, “, you’re, ” Kaplan, Eddie Fahmy, Toya Taylor, she’s, Bliss ’ Organizations: CNN, Villanova, Bliss, Lindley, Facebook, JK Consulting, A2Z, Consulting Locations: New York’s, Missouri, Caribbean, St, North Carolina, Columbus , Ohio, New York, Bliss, Long, San Antonio

☆ No More Work Friends: Personal Relationships on the Job Are Overrated
▼ + stars: | 2024-06-27 | by ( Emily Stewart | ) www.businessinsider.com time to read: +9 min

We spent weeks planning a "cake party" for our other work friends. The general line is that work friendships are good because social connections at work keep people productive and engaged and help them manage stress. On a fundamental level, work friendships aren't the same as friendship friendships. Advertisement"I think we should try to bring our best professional selves to work, but why should we bring our intimate selves to work?" There's space for moderation, though, or even the chance to shed some work friendships for good.

Persons: Jennifer, Jen, I'm, I've, trickier, It's, who's, There's, Constance Noonan Hadley, William Chopik, Hakan Ozcelik, Ozcelik, Jane, Joe, Emily Stewart Organizations: Business, Institute for Life, Employees, Michigan State University, College of Business Administration, Sacramento State University Locations: Hadley

☆ ‘Sugary food is a drug for me’: A growing number of children are addicted to ultraprocessed foods
▼ + stars: | 2024-06-27 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +16 min

“I really gravitated towards the sugary ultraprocessed foods — it was like a physical drive, I had to have it,” he said. While many people addicted to food will say that their symptoms began to worsen significantly in adolescence, some recall a childhood focused on ultraprocessed food. The Institute of Food Technologists, an association of food professionals and technologists, does not agree with the research on ultraprocessed food addiction. “Children who eat a lot of ultraprocessed foods could well be malnourished.”According to the International Food and Beverage Alliance, however, there is no clear, objective, reliable or scientifically validated definition for “ultraprocessed” food. “Each time I would pray, ‘Please be it, please make this the answer.’ But I would ultimately start binging on ultraprocessed foods,” Odwazny said.

Persons: Jeffrey Odwazny, “, ”, Ashley Gearhardt, Ann Arbor, Gearhardt, ” Gearhardt, David Wiss, Bryan Hitchcock, Rocco Renaldi, Odwazny, ” Odwazny, ‘, ’ ”, Jeffrey Odwazny “, “ I’ve, ” Wiss, Sugar, Alexandra DiFeliceantonio, DiFeliceantonio, salivates, Laura Oliverio, —, Kimberly Dennis, Dennis, ‘ That’s, Kimmy Organizations: CNN, Chicago, Yale, University of Michigan, National Survey, Los, The, Food Technologists, World Health, International Food and Beverage Alliance, Food and Agriculture Organization, United Nations, Virginia Tech, Center, Health, Nutrition, University of Illinois Chicago College of Medicine, “ Locations: United States, Ann, Los Angeles, Blacksburg, Chicago, ’

☆ There's a raucous debate in Silicon Valley over the use of AI chatbots in tech job interviews
▼ + stars: | 2024-06-27 | by ( Melia Russell | ) www.businessinsider.com time to read: +11 min

Fearing the dreaded technical interview, Kyle hit the books harder than a high school junior studying for the SAT. It turns out Silicon Valley is engaged in a raucous debate over the use of artificial intelligence in technical interviews. Those in favor say banning chatbots in technical interviews is like prohibiting calculators in math tests. AdvertisementThe technical interview is open bookPeople close to the interview process say companies are already changing their tests to avoid cheating. Big Tech's reluctanceIn Big Tech, companies are so far opting out of chatbots in technical interviews.

Persons: —, Kyle, Tammy Han, Santosh Sankar, Cristina Cordova, Ram Sriharsha, doesn't, Zeta, Kevin Hopkins, Aline Lerner, Lerner, Yossi Kahlon, Kahlon, Mang, Ng, Amanda Richardson, Akmen, Richardson, Tigran Sloyan, Sloyan, Natan Fisher, he's, Rahul Vohra, Stephen McCarthy, Fisher Organizations: Service, Business, Software, Dynamo Ventures, San Francisco Chronicle, Hearst Newspapers, Getty, Zeta, Engineers, Google, Big Tech, Meta, CoderPad, Spotify, LinkedIn, Founders Locations: Silicon, chatbot

☆ 6 signs you'll be a 'late bloomer' in your career — and how to set yourself up for a strong second act
▼ + stars: | 2024-06-27 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +7 min

AdvertisementHe said there's no universal age that makes someone a late bloomer. Instead, he defines late bloomers as "people who start doing incredible things after the point when no one expects it." Sometimes, late bloomers would find a way to use their talents in new ways. "We're always keen to compare the late bloomer with the early bloomer," he said. "But I would compare the late bloomer with the person who dies without doing their thing."

Persons: —, Henry Oliver, Jay, Vera Wang, Malcolm X, Margaret Thatcher, Oliver, Margaret Thatcher's, Frank Lloyd Wright, Katharine Graham, Samuel Johnson, bloomers, wasn't, Matthew Stockman, I'm, Audrey Sutherland, She'd, Angelou, Jack Sotomayor, you've, James Baldwin, everything's, it's, Katharine Graham's, Robert R, McElroy, stabler, We're, bloomer Organizations: Service, Business, Washington, Getty, Washington Post Locations: bloomer, Alaska, California, New York

☆ US stockpiles of the rare earth minerals it would need to fight a war against an adversary like China are a mystery, and experts warn it's a problem
▼ + stars: | 2024-06-27 | by ( Kelsey Baker | ) www.businessinsider.com time to read: +8 min

Part of the military's mission at home is to keep stockpiles of goods like critical minerals on hand for emergency wartime use. In the dark on the stockpileAlthough the name suggests otherwise, rare earth minerals are not exactly rare — in fact, they're relatively plentiful. The Biden administration began cutting American imports of Chinese rare earth minerals a few years ago in an effort to decrease US reliance on China for critical minerals. Submarines, fighter aircraft, magnets used in missiles, radar systems, and drones all require critical earth minerals for manufacturing. AdvertisementA past report for Congress on rare earth minerals for national defense, for instance, noted that a single Virginia-class submarine requires 9,200 pounds of rare earth minerals, while an Arleigh Burke-class destroyer requires 5,200 pounds.

Persons: —, Biden, Lockheed Martin, Gregory Wischer, Wischer, Arleigh Burke, Halsey, Sampson, Chris Williamson Fabian Villalobos, Locke Organizations: Service, Business, Pentagon, Lockheed, Getty, Gratia, Defense Logistics Agency, of, Department of Defense, Defense Industrial Strategy, . US, Pacific, DoD, Materials, Lynas, Joint Base, Hickam . US Navy, RAND Corporation, National Defense, NDS, Industrial Base Locations: China, Fort Worth, Virginia, Arabian, Japan, South Korea, United States, California, Lynas USA, Texas, Vermont, Hickam

☆ How some venture capitalists are trying to lift the profile of LGBTQ+ founders
▼ + stars: | 2024-06-27 | by ( Kevin Schmidt | ) www.cnbc.com time to read: +7 min

Some venture capitalists are trying to change the equation and are backing minority founders to help them scale their companies and create jobs within their communities. The largest cities that lack any LGBTQ+ founders are Orlando, Florida; Charlotte, North Carolina; and Birmingham, Alabama. One organization trying such solutions is Chasing Rainbows, a venture capital fund that works with LGBTQ+ founders to connect them with capital. Stokes said the LGBTQ+ community historically has experienced some form of discrimination when trying to access these types of services. An angel investor himself, Stokes founded Chasing Rainbows in 2021 after recognizing that underrepresented founders are seen as riskier investments.

Persons: Charlotte ,, Brian Richardson, Richardson, Ben Stokes, Stokes, outsized, Bill No Organizations: Gallup, CNBC, StartOut, University of California Locations: StartOut's State, San Francisco , New York, Los Angeles, Denver, Austin , Texas, Orlando , Florida, Charlotte, Charlotte , North Carolina, Birmingham , Alabama, Texas, North Carolina, Alabama, Massachusetts, New York, California, Berkeley

☆ Prince Harry opens up about grief and bereavement
▼ + stars: | 2024-06-27 | by ( Jack Guy | ) edition.cnn.com time to read: +2 min

CNN —Prince Harry has opened up about bereavement and grief during a conversation with the founder of a charity that supports children who have lost a parent serving in the British armed forces. Harry pictured with members of the charity on May 24 Scotty's Little SoldiersHarry went on to underline the importance of talking about emotions during the grieving process. Harry is a global ambassador for Scotty’s Little Soldiers, and sat down for a conversation with Scott ahead of Armed Forces Day on June 29. Scott told the duke about the moment she had to tell her son, Kai, that his father, Cpl. Each year, 2,100 children lose a parent who served in the UK military, according to Scotty’s Little Soldiers.

Persons: Prince Harry, “, you’ve, ”, Duke of Sussex, Princess Diana, Nikki Scott, Diana, Harry, Scott, Kai, Cpl, Lee Scott, Scotty's, I’m Organizations: CNN, Scotty’s, Armed Forces, CNN’s Royal, Soldiers Locations: British, Paris, Afghanistan, Scotty’s

☆ Inside Europe's tech hubs: France's AI push puts it on the rise
▼ + stars: | 2024-06-27 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +31 min

Brimming with entrepreneurs and around 1,000 startup companies, it embodies France's exciting tech industry. So if you could rank Europe's tech hubs, what would be your top three? But I'm really excited about Lisbon actually, I know the Mayor of Lisbon pretty well, have been hearing really positive things. I mean things like that could just be completely deprioritized, which is essentially what has been helping us move things forward in France. Under Macron what have been for you the big positives that have come out of his presidency and tech push more broadly.

Persons: Tom Chitty, Roxanne Varza, Bruno Le Maire, Tom Chitty The, you'll, Arjun, I've, Roxanne, Macron, we'd, we've, Tom Chitty Let's, Xavier Niel, he's, Roxanne Varza That's, we're, I'm, Roxanne Varza Paris, Tom Chitty Arjun, Arjun Kharpal, What's, There's, you've, haven't, They're, Roxanne Varza Big, Tom Chitty U.S, Arjun Kharpal It's, who's, that's, there's, they've, we'll, Tom, Tom Chitty We'll Organizations: Meta, Google, CNBC, Uber, Accel, Dealroom, Mistral, Viva Tech, Sequoia Capital, Big Tech, Microsoft, French Finance, London Stock Exchange, London . Locations: Paris, France, French, Europe, beyondthevalley@cnbc.com, London, Berlin, U.S, Silicon Valley, Palo Alto, Bay, Amsterdam, Lisbon, Old, Shoreditch, London . Tel Aviv

☆ 6 in 10 Americans are uncomfortable with their emergency savings—but you may need less than you think
▼ + stars: | 2024-06-27 | by ( Ryan Ermey | ) www.cnbc.com time to read: +2 min

Some 6 in 10 U.S. adults say they're uncomfortable with their level of emergency savings, according to a recent survey from Bankrate. Financial planners generally recommend stashing three to six months' worth of living expenses away in an emergency fund. More than half of Americans — 56% — say they have less than three months of expenses saved, including 27% who say they have no emergency savings at all. Why you need emergency savingsWhen it comes to your financial priorities, establishing an emergency fund should be close to the top of your list, which may feel counterintuitive. And when it does, having an emergency fund prevents you from taking money away from your other financial goals.

Persons: Alyson Basso, Greg McBride Organizations: Financial, Hayden Wealth Management, Bankrate Locations: U.S, Bankrate, Middleton , Massachusetts

☆ ‘The Bear’ Season 3 review: The Emmy-winning series returns at the slow-cooked pace of a show simmered in praise
▼ + stars: | 2024-06-27 | by ( Brian Lowry | ) edition.cnn.com time to read: +3 min

CNN —A posted sign in a kitchen reads “Every Second Counts,” but “The Bear” is clearly in no hurry during its third season, proceeding at the slow-cooked pace of a show simmered in accolades and Emmys. The latest season’s first episode nicely sets the table for the nine episodes to come, playing almost like a visual poem while reintroducing the characters. Ricky Staffieri, Jeremy Allen White and Matty Matheson in "The Bear." What “The Bear” has lost is the element of surprise that greeted its arrival. “The Bear” launched its third season June 26 on Hulu.

Persons: CNN —, “ Barry ”, “, Jackie ”, “ Ted Lasso, ”, Christopher Storer, Ricky Staffieri, Jeremy Allen White, Matty Matheson, Chuck Hodes, Carmy, Calvin Klein, Storer Organizations: CNN, Hulu Locations: ”

☆ Bed Bath & Beyond board members were concerned Ryan Cohen got insider info before his $60 million windfall, new deposition details show
▼ + stars: | 2024-06-27 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Bed Bath & Beyond board members were concerned Ryan Cohen was getting insider information. Sue Gove, the company's CEO, said in a deposition that she was concerned about Cohen's relationship with board members. AdvertisementBed Bath & Beyond board members were concerned Ryan Cohen received insider information before making $60 billion selling the company's stock, according to a deposition by CEO Sue Gove. Ben Rosenzweig, one of the directors on Bed Bath & Beyond's board, was known to have private contact with Cohen, the deposition said. Their conversations revolved around the personalities of other board members and whether Cohen's nominees for Bed Bath & Beyond's board were let in on calls, according to the testimony.

Persons: Ryan Cohen, Sue Gove, Gove, Cohen, —, Ben Rosenzweig, Rosenzweig, Ryan, they've Organizations: Service, Bed, GameStop, Business

☆ The Supreme Court is poised to unleash a weapon against Biden's climate policies
▼ + stars: | 2024-06-27 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +5 min

Climate advocates and business groups are closely watching the US Supreme Court this week. The court could issue a ruling that sharply curtails the federal government's power to regulate the environment, including President Joe Biden's climate policies. Legal experts say the Supreme Court, with its conservative majority, is likely to overturn or significantly limit the Chevron doctrine. Meanwhile, he added, administrative lawyers have been preparing for this very scenario at the Supreme Court. Biden's EPA hasn't relied on the Chevron doctrine to defend its climate rules.

Persons: Joe Biden's, Charles Koch, Chevron, Biden, isn't, Ronald Reagan, David Doniger, Reagan, Doniger, Obama, Neil Gorsuch, Elena Kagan, Trump Organizations: Service, Business, Action Institute, Environmental, Agency, Natural Resources Defense Council, Chevron, Trump, EPA, Republican, Supreme Locations: Chevron

☆ For Atlanta entrepreneurs, how to vote comes down to more than 'How's business?'
▼ + stars: | 2024-06-27 | by ( J.J. Mccorvey | ) www.cnbc.com time to read: +8 min

He applauds the Biden administration's efforts to extend federal student loan relief and access to capital to entrepreneurs, for example. Today, Trump leads Biden in Georgia by 43% to 38%, according to a new Atlanta Journal-Constitution survey of likely voters, an edge just outside its 3.1% margin of error. Social issues are business issues," said Molly Dickinson, founder of Banner Day, a branding agency that works closely with "traditionally underserved" entrepreneurs. "Small-business owners make business decisions based on how comfortable they feel in their home lives and in their everyday lives." "Business has been OK," Chey said, but food and labor costs have taken a toll.

Persons: Ryan Wilson, Joe Biden, Donald Trump, Wilson, applauds, Biden, Trump, Deonte Atkins, Atkins, I'm, he's, they've, Black, hadn't, Bill Clinton, Rafael Warnock, Jon Ossoff, Molly Dickinson, Dickinson, Rich Chey, Chey's, Chey, We're Organizations: CNN, Turner Entertainment Networks, Atlanta, Area Development, White, Za'Acai, Republican, Democratic, Biden's, Sens, Trump, GOP, Banner Locations: Atlanta , Georgia, Atlanta, Houston, Georgia, Midtown Atlanta, Ukraine, Israel, New York, Atlanta's Fulton

☆ I had a hard time accepting my mother's fiancé. When she asked me and my sisters to walk her down the aisle, it helped me let go.
▼ + stars: | 2024-06-27 | by ( Katrina Donham | ) www.businessinsider.com time to read: +6 min

After a minute-long pause, she wrote, "Would you four girls want to walk me down the aisle and give me away to Bryan?" My mom made the announcement as my sisters and I were preparing our holiday meal. My sisters and I stood shell-shocked because although we knew this day would likely come, we still weren't prepared for the news. AdvertisementOver the years, Bryan made more effort to build a relationship with my sisters and me. My concerns about him began to waver, and I started to accept Bryan as my mom's "other half."

Persons: Bryan, I've, she'd Organizations: Service

☆ JPMorgan Chase says its stress test losses should be higher than what the Fed disclosed
▼ + stars: | 2024-06-27 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

The bank took the unusual step of issuing a press release minutes before midnight ET to disclose its response to the Fed's findings. JPMorgan said that the Fed's projections for a measure called "other comprehensive income" — which represents revenues, expenses and losses that are excluded from net income — "appears to be too large." Under the Fed's table of projected revenue, income and losses though 2026, JPMorgan was assigned $13 billion in OCI, more than any of the 31 lenders in this year's test. It also estimated that the bank would face roughly $107 billion in loan, investment and trading losses in that scenario. "Should the Firm's analysis be correct, the resulting stress losses would be modestly higher than those disclosed by the Federal Reserve," the bank said.

Persons: Jamie, JPMorgan Chase, Banks Organizations: JPMorgan Chase, U.S . Senate Banking, Housing, Urban Affairs, Wall, Capitol, Washington , D.C, JPMorgan, Federal Reserve, Bank of America, Citigroup Locations: Washington ,, OCI

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