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New York CNN —Some progressives have frequently blamed corporate greed for fueling the high cost of living that Americans are fed up with. That’s corporate greed. That’s corporate greed. Although the paper did not directly mention corporate greed, shrinkflation or Biden, the research undercuts the argument that greedflation drove the early inflation. That report found corporate profits were to blame for 34% of inflation since the start of Covid-19.
Persons: Sen, Elizabeth Warren, ” Warren, “ That’s, It’s, , , Joe Biden, ” Biden, CNN’s Erin Burnett, Biden, – we’re, shrinkflation, greedflation, Jeremy Edwards, ” Edwards, , , Greg Valliere, ” Valliere, Jerome Powell, Caroline Ciccone, profiteer Organizations: New, New York CNN, Federal Reserve Bank of San Francisco, Fed, SF Fed, , CNN, White, AGF Investments, Federal Reserve, Federal, Federal Reserve Bank of Kansas City Locations: New York, America, Kansas
CNBC TechCheck Evening Edition: May 15, 2024
  + stars: | 2024-05-15 | 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 EmailCNBC TechCheck Evening Edition: May 15, 2024CNBC's TechCheck brings you the latest in tech news from CNBC's 1 Market in the heart of San Francisco.
Persons: TechCheck Organizations: CNBC Locations: San Francisco
Pyongyang – which has an economy almost entirely dependent of China – is believed by Western governments to be aiding Russia with war supplies. Xi has ramped up his calls for Europe and other countries to help the world avoid a “Cold War,” suggesting they resist what Beijing sees as US efforts to contain China. They have also criticized Israel and the United States – converging with mounting global backlash, especially across the Global South against Israel’s war. The conflict has also impacted how China and Russia view their relations with countries there, he added. China “wants to use Russia” for its aims, but Russia is making China weak, he said.
Persons: Xi Jinping, Vladimir Putin, Putin, , It’s, China –, Xi, France –, Jens Stoltenberg, Sergei Guneyev, , Li Mingjiang, Manoj Kewalramani, Russia doesn’t, Stringer, Gaza —, Sergey Lavrov, presser, Wang Yi, Israel, , Privately, Shen Dingli, China “, Alexander Dugin, Donald Trump, Li Organizations: Hong Kong CNN, West, NATO, Forum, Singapore’s Nanyang Technological University, EU, Takshashila, Boys, Getty, United, Global, Shanghai Cooperation Organization, Russia, Weibo, Moscow, CNN Locations: Hong Kong, China, Russian, Gaza, Ukraine, Moscow, Washington, Iran, North Korea, Pyongyang, Russia, Tehran, Beijing, Europe, France, Serbia, Hungary, Bangalore, Rafah, AFP, Israel, United States, Kewalramani, South, Taiwan, Shanghai, Singapore
Austin's cost of living is slightly below the national average, despite a surge in population. While housing costs have risen over the last decade, prices have corrected as the city built lots of homes. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Austin, in particular, has become a magnet for Bay Area techies and others seeking a lower cost of living and slower pace of life, among other Texan perks. While Austin housing costs are still elevated, home prices fell by 8.4% and rents by 7% over the past year — even as homes grew more expensive in all other major US cities.
Persons: , it's Organizations: Service, Area, Business Locations: Austin, Texas
CNBC TechCheck Evening Edition: May 14, 2024
  + stars: | 2024-05-14 | 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 EmailCNBC TechCheck Evening Edition: May 14, 2024CNBC's TechCheck brings you the latest in tech news from CNBC's 1 Market in the heart of San Francisco.
Persons: TechCheck Organizations: CNBC Locations: San Francisco
Central banks accounted for one-quarter of gold demand in 2022 and 2023, as the institutions bought over 1,000 tons of gold each year, according to the World Gold Council in a recent report. Related storiesThe world's central banks continued buying gold, snapping up 290 tons of gold in the first quarter of this year — the strongest start to any year on record, according to the council. AdvertisementThis suggests that gold purchases by some central banks may have been driven by concerns about sanctions risk, Gopinath said. Central banks will keep buying, despite high pricesWhile China's central bank gold buying has been hogging the headlines, other central banks are also loading up on gold. The World Gold Council wrote in its recent report that other big gold buyers included Turkey and India.
Persons: , Gita Gopinath, it's, Gopinath, IMF's Gopinath Organizations: Service, Monetary Fund, Business, World Gold, US Treasury, Agency, JPMorgan Locations: Ukraine, Central, Russia, China, Turkey, India
CNBC TechCheck Evening Edition: May 13, 2024
  + stars: | 2024-05-13 | 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 EmailCNBC TechCheck Evening Edition: May 13, 2024CNBC's TechCheck brings you the latest in tech news from CNBC's 1 Market in the heart of San Francisco.
Persons: TechCheck Organizations: CNBC Locations: San Francisco
Read previewI saw the northern lights glowing in the California skies last weekend — but just barely. Over the weekend, this solar activity brought the northern lights south, as far as Arkansas, and gave us a rare chance to see it in California. That's when we knew we were seeing the northern lights. My first solid glimpse of the northern lights came through my iPhone camera. AdvertisementWhy photos make the northern lights look more colorful than they areThe skies looked fully pink in my photos.
Persons: , Morgan McFall, Johnsen, San Francisco —, Dan Bartlett, Maria Walach, auroras, Bartlett, I'm Organizations: Service, Business, Mount, State Park, Lancaster University Locations: California, Arkansas, San Francisco, Lake , California, Yosemite
John McEntee — who started out carrying Donald Trump’s bags and rose to become, in the chaotic final days of Trump’s presidency, his most important enforcer — has a TikTok account. In a video he published last week, he explains how he likes to keep “fake Hollywood money” in his car to give to homeless people. Kristi Noem, thirsty for a bigger role in MAGA world, might have thought she could ingratiate herself by bragging about killing a puppy. Partly in response, they’ve developed what’s sometimes called vice signaling, the defiant embrace of cruelty and disdain for social norms. And no one, of course, does vice signaling like Trump, who keeps comparing himself to the gangster Al Capone.
Persons: John McEntee —, Donald Trump’s, Trump’s, , , Trump, Patrick Bateman, Christian Bale, Kristi Noem, MAGA, ingratiate, they’ve, George, Bateman, Ron DeSantis, Al Capone Organizations: White, Office, South Dakota Gov, Florida Gov
Ukraine has been targeting Russian oil refineries in recent months. The Biden Administration has criticized the strikes, warning of global energy price rises. AdvertisementUkraine has been ramping up attacks on Russian oil refineries in recent months as it seeks to hamper Russian export revenues and curtail fuel supplies to Russian President Vladimir Putin's forces. Advertisement"Those attacks could have a knock-on effect in terms of the global energy situation," Austin said. Related storiesThe experts said that Ukrainian attacks on oil refineries would only hinder Russia's ability to turn its oil into refined products such as gasoline and would not impact the volume of oil it can extract or export.
Persons: Biden, , Vladimir Putin's, Radiy Khabirov, Lloyd Austin, Austin, Michael Liebreich, Lauri Myllyvirta, Sam Winter, Levy, Alexander Novak Organizations: Biden Administration, Service, Reuters, Russia's, Defense, Foreign Affairs, Bloomberg New Energy Finance, Centre for Research, Energy, Clean, Princeton University, Bloomberg Locations: Ukraine, Russia's Kaluga, Russia's Republic, Bashkortostan, Russia, China, India
CNBC TechCheck Evening Edition: May 10, 2024
  + stars: | 2024-05-10 | 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 EmailCNBC TechCheck Evening Edition: May 10, 2024CNBC's TechCheck brings you the latest in tech news from CNBC's 1 Market in the heart of San Francisco.
Persons: TechCheck Organizations: CNBC Locations: San Francisco
Read previewThe US miscalculated when it imposed harsh sanctions on Russia, and not only has Vladimir Putin's economy weathered the impact, but the West is facing the negative effects of the economic restrictions it imposed. Food and energy prices have soared since the West imposed sanctions on Russia, he noted partly because Russia is one of the world's largest exporters of oil and grain. Even the US dollar may end up worse off due to sanctions, Rubin said. Russia's trade with China, for instance, has nearly completely phased out the dollar, Russian officials said last year. "Sanctioning the ruble and confiscating a third of the Russian central bank's foreign reserves was supposed to cripple the Russian economy.
Persons: , Vladimir, Jeff Rubin, " Rubin, crimp, Rubin, Putin Organizations: Service, Business, The Globe, Federal Reserve Board, Bank of Canada Locations: Russia, Ukraine, China, Russian
Vice President Kamala Harris attacked the conservative-controlled Supreme Court on Wednesday, warning that its future decisions could limit a broad range of civil rights and personal freedoms for many Americans. In an interview with The New York Times, she expanded on her criticism of the court’s decision to overturn federally guaranteed abortion rights in 2022, going beyond President Biden’s past comments to raise direct alarms about Justice Clarence Thomas and the broader direction of the court. “This court has shown itself to be an activist court,” said Ms. Harris, who previously served as California’s attorney general and as the district attorney of San Francisco. “I worry about fundamental freedoms across the board.”Asked what specific legal precedents could be undone by the court, Ms. Harris demurred, saying she was “hesitant” to do so.
Persons: Kamala Harris, Biden’s, Clarence Thomas, , Harris, , Harris demurred Organizations: The New York Times Locations: , San Francisco
“I worry about fundamental freedoms across the board.”Asked what specific legal precedents could be undone by the court, Ms. Harris demurred, saying she was “hesitant” to do so. Image At a campaign event in Elkins Park, Pa., on Wednesday, Ms. Harris cast abortion rights as an issue of personal freedom. She said she judged Mr. Trump based on his conduct, adding that she had never met him personally. “I think they might do that,” Mr. Trump said of states’ monitoring of women’s pregnancies in an interview with Time magazine last month. Ms. Harris said she was not worried that such efforts could help Mr. Trump win support from voters who support abortion rights.
Persons: Kamala Harris, Biden’s, Clarence Thomas, , Harris, , Harris demurred, Harris’s, Biden, Donald J, Trump, John Roberts, Roe, Wade, Thomas’s, Thomas, Amy Coney Barrett, Brett Kavanaugh, Neil Gorsuch, Mr, Kavanaugh, Justin T, Sheryl Lee Ralph, “ It’s Organizations: The New York Times, Mr, Trump, Time, “ Abbott, Biden, United Locations: , San Francisco, Pennsylvania, California, Elkins Park, Pa, Washington, United States
Pete McCloskey, a California congressman who raised a flag of rebellion against President Richard M. Nixon’s war policies in Vietnam with a spirited but futile race for the Republican presidential nomination in 1972, died on Wednesday at his home in Winters, Calif., west of Sacramento. His death was announced in a statement released on Wednesday by a family spokesman, Lee Houskeeper. Mr. McCloskey, who represented an area south of San Francisco for 15 years, from late 1967 to early 1983, was a liberal Republican who admired President John F. Kennedy, voted for environmental causes with Democrats and believed that the Republican Party had veered too far to the right. He had no money, party support or realistic prospects. Tens of thousands of Vietnamese and Americans were dying in a war that could not be won, he argued.
Persons: Pete McCloskey, Richard M, Lee Houskeeper, Mr, McCloskey, John F, Kennedy, Nixon, Shirley Temple Black Organizations: Republican, Republican Party Locations: California, Vietnam, Winters, Calif, Sacramento, San Francisco
Quannah Chasinghorse attended the 2024 Met Gala on Monday. Chasinghorse told Nylon she has become a "safe space" for first-time Met Gala attendees. AdvertisementThe 2024 Met Gala took place on Monday. Like, really, really lonely." AdvertisementLily Gladstone and Quannah Chasinghorse at the 2024 Met Gala.
Persons: Quannah Chasinghorse, Hannah Dixon, Chasinghorse, , Tyla's, Mona Patel's, Ann, Sofie Johansson, Taylor Hill, Heather Dixon, Lily Gladstone, Arturo Holmes Organizations: Service, Metropolitan Museum of Art Locations: New York, Alaska
CNBC TechCheck Evening Edition: May 8, 2024
  + stars: | 2024-05-08 | 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 EmailCNBC TechCheck Evening Edition: May 8, 2024CNBC's TechCheck brings you the latest in tech news from CNBC's 1 Market in the heart of San Francisco.
Persons: TechCheck Organizations: CNBC Locations: San Francisco
Barbara Stauffacher Solomon, an audacious graphic designer, landscape architect and artist who first made a splash in the 1960s with the supersize, geometric architectural painting movement known as supergraphics, died on Tuesday at her home in San Francisco. Her daughter Nellie King Solomon confirmed the death. In 1962, Ms. Stauffacher Solomon was the rare woman to set up shop as a graphic designer in the Bay Area, working for clients like the San Francisco Museum of Modern Art (now SFMOMA). It was architecture, however, that put Ms. Stauffacher Solomon on the national stage. In the early 1960s, an architect turned developer named Al Boeke envisioned a new community on a windswept bluff and former sheep ranch a few hours north of San Francisco.
Persons: Barbara Stauffacher Solomon, Nellie King Solomon, Stauffacher Solomon, Baskerville, Al Boeke, Lawrence Halprin, Joseph Esherick, Charles Moore, Donlyn Lyndon, William Turnbull Jr, Richard Whitaker Organizations: San Francisco Museum of Modern Art, Times Locations: San Francisco, Bay, Basel, Switzerland, Swiss
Russia has faced waves of sanctions from the UK and other Western nations since launching its full invasion of Ukraine in February 2022, though President Vladimir Putin has sought to downplay their significance. British Foreign Secretary David Cameron described the new measures as an “unequivocal message to the Russian state” that “their actions will not go unanswered.”“Since the illegal invasion of Ukraine, Russia’s attempts to undermine UK and European security have become increasingly brazen,” Cameron said. Moscow has in the past sought to sanction Western individuals in tit-for-tat moves, barring dozens of British figures from entering the country after a previous wave of measures from London last year. “In the coming days, we should expect accusations of Russophobia, conspiracy theories and hysteria from the Russian government,” Cleverly said as he detailed the measures in Parliament on Wednesday. “This is not new, and the British people and the British government will not fall for it and will not be taken for fools by Putin’s bots, trolls and lackeys.”
Persons: James, attaché, , Seacox Heath, , Vladimir Putin, Putin, David Cameron, Russia’s, ” Cameron Organizations: London CNN, Moscow, Russian, Foreign Office, National Security, British, Locations: United Kingdom, Russian, Highgate, London, Sussex, England, Ukraine, Russia, Moscow, British
New York CNN —Panera Bread is eliminating Charged Lemonade from its menu, the caffeinated beverage that has sparked multiple lawsuits and caused a public relations nightmare for the company. The Charged Lemonades will come off the menu in the next two weeks, according to Bloomberg, which first reported the news. The chain declined to comment to CNN on the timeline of the drinks’ removal. A Panera spokesperson said new drinks will replace it, including low-sugar and low-caffeine options, including a new blueberry lavender lemonade, pomegranate hibiscus tea, citrus punch and a tropical green smoothie. Panera kept the Charged Lemonades on the menu, despite the controversies, because experts say removing the drink immediately could have come across as an implied admission that something was wrong with it in the first place.
Persons: Panera, James Haggerty, Haggerty Organizations: New, New York CNN, Bloomberg, CNN, Reuters Locations: New York
CNBC TechCheck Evening Edition: May 07, 2024
  + stars: | 2024-05-07 | 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 EmailCNBC TechCheck Evening Edition: May 07, 2024CNBC's TechCheck brings you the latest in tech news from CNBC's 1 Market in the heart of San Francisco.
Persons: TechCheck Organizations: CNBC Locations: San Francisco
CNN —San Antonio Spurs big man Victor Wembanyama is the NBA’s Rookie of the Year, the first player from France to ever win the honor. Wembanyama’s points and rebounds per game are the highest for a rookie since Blake Griffin averaged 22.5 points and 12.1 rebounds during the 2010-11 season. The Frenchman is the first international player since Slovenia’s Luka Doncic in the 2018-19 season to win the award. The Spurs missed the playoffs after finishing the regular season 22-60, which matched their record of the previous year. 1 draft picks, Hall of Fame big men David Robinson and Tim Duncan, who also received rookie of the year honors.
Persons: Victor Wembanyama, Chet Holmgren, Brandon Miller, , Wembanyama, , Blake Griffin, Frenchman, Slovenia’s Luka Doncic, @SportsonMax, San, David Robinson, Tim Duncan, CNN’s, De la Fuente Organizations: CNN, San Antonio Spurs, Oklahoma City Thunder, Charlotte Hornets, Slovenia’s, Spurs, Max, of Fame Locations: France
The growing scandal is drawing some comparisons on the right to George Santos. AdvertisementRep. Henry Cuellar is in the midst of a growing bribery scandal involving Azerbaijan and a Mexican bank. Cuellar is the third sitting lawmaker to be indicted this Congress, following former Republican Rep. George Santos of New York and Democratic Sen. Bob Menendez of New York. AdvertisementThe George Santos comparisonIt's only been a few days, but so far, Democrats have largely held off on calling for Cuellar to resign. Former Rep. George Santos at the State of the Union in March.
Persons: Henry Cuellar, George Santos, , Cuellar, Democratic Sen, Bob Menendez, Santos, Cuellar's, Jessica Cisneros, Alexandria Ocasio, Cortez, Bernie Sanders, That's, Hakeem Jeffries, Matt McClain, Getty Images Santos, don't, Donald Trump, Joe Biden Organizations: Democratic, Service, Justice, Texas Democrat, Republican Rep, George Santos of New, New, State Oil Company, Banco Azteca, Democrat, National Rifle Association, Rep, FBI, Republicans, State, Union, Washington, Getty Images, Botox Locations: Henry Cuellar of Texas, Azerbaijan, Mexican, George Santos of, George Santos of New York, New York, Texas, Azerbaijan Republic, Alexandria
CNBC TechCheck Evening Edition: May 6, 2024
  + stars: | 2024-05-06 | 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 EmailCNBC TechCheck Evening Edition: May 6, 2024CNBC's TechCheck brings you the latest in tech news from CNBC's 1 Market in the heart of San Francisco.
Persons: TechCheck Organizations: CNBC Locations: San Francisco
He sees California Forever. And if he can't undo the damage, there may never be a California Forever. California Forever may be a subdivision, but it's precisely the kind of subdivision America needs right now. But here's the thing: California Forever may be a subdivision, but it's precisely the kind of subdivision America needs right now. Places like California Forever aren't being opposed by the people who are desperate for a place to live.
Persons: Jan Sramek's, Goldman Sachs, Sramek, Reid Hoffman, Laurene Powell Jobs, Marc Andreessen —, They've, Christie Hemm, Peter Thiel, Jan Sramek, Jan, Thiel, Goldman, CheatSheet, Sramek's, hadn't, Jonas Rave, who's, , Guy Saidenberg, Evernote, Marc Andreessen, Jane Jacobs, He's, he'd, Robert Moses, growth.y Christie Hemm, Flannery, Bronson Johnson, David George, Andreessen Horowitz, Marilyn Farley, Farley, Solano County's, Kathleen Threlfall, Bill Mortimore, California Forever's, Jessica Christian, he's, Lyle Lanley, Solano, Sam Houston, weren't, Gabriel Metcalf, You've, John Garamendi, Garamendi, isn't, they'll, latte, Christie, Travis, I've, aren't, They're Organizations: Silicon, California, BI Development, University of Cambridge, London School of Economics, Party, Rising Star, Facebook, York, Sramek's, BI Sramek, Google, American, Planners, Sacramento -, Travis Air Force Base, Area, titans, Farmers, councilwoman, California Forever, Sacramento Municipal Utility District, Air Force, Flannery Associates, Disney, San Francisco, Vallejo Naval, Historical Museum, Rep, BI, Solano, Sierra, Goldman Locations: San Francisco, It's, Sramek, California, Rio Vista, Solano County, Napa, Sacramento, Silicon Valley, America, London, Zurich, England, Czech Republic, Dřevohostice, York, British, Eastern Europe, Cambridge, Bay Area, Hayes Valley, America's cutest, Atlanta, Phoenix, Copenhagen, Barcelona, New York, Sacramento - San Joaquin, San Francisco Bay, Lake Tahoe, Toledo , Ohio, Silicon, Google's, Toronto, Big Tech, China, Calif, Springfield, Vallejo, He's, Atherton, Foreverville, Fairfield, Austin, Solano, Valley, Europe
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