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Kevin Lamarque | ReutersImmigration — both authorized and unauthorized — has helped the U.S. job market sustain a fiery run in recent months without reigniting inflation, economists and analysts say. This dynamic — a heating job market and cooling inflation — is in part the result of increased inflows of immigrants. Typically, a hot labor market walks a tightrope that could easily collapse into reheated inflation. But the Brookings researchers recalculated the government's estimates — this time, factoring the impact of immigrants on the labor pool. They found that with immigration, the 2024 U.S. job market could safely absorb between 160,000 and 200,000 monthly job gains.
Persons: Joe Biden, Kevin Lamarque, Reuters Immigration —, , Dow Jones, Goldman Sachs, Michael M, Mark Zandi, Jerome Powell, Zandi, Mandel Ngan, Biden, Donald Trump, Brendan McDermid Organizations: U.S . Border Patrol, Reuters Immigration, of Labor Statistics, FedEx, Broadway, Santiago, Getty, CNBC, Brookings Institution, Brookings, U.S, International Brotherhood of Electrical Workers, Afp, White, Republican Locations: U.S, Mexico, Brownsville , Texas, New York City, United, Lanham , Maryland, United States, Las Vegas , Nevada
“Making It Work” is a series is about small-business owners striving to endure hard times. While many people can conjure up romantic visions of a Montana ranch — vast valleys, cold streams, snow-capped mountains — few understand what happens when the cattle leave those pastures. Even here, in a state with nearly twice as many cows as people, only around 1 percent of the beef purchased by Montana households is raised and processed locally, according to estimates from Highland Economics, a consulting firm. As is true in the rest of the country, many Montanans instead eat beef from as far away as Brazil. Any ranchers who want to break out from this system — and, say, sell their beef locally, instead of as anonymous commodities crisscrossing the country — are Davids in a swarm of Goliaths.
Persons: don’t, JBS, Tyson, Davids Organizations: Highland Economics, Tyson Foods, Cargill, Foods, Walmart, Costco Locations: Montana, Brazil
CNN —Soccer star Sam Kerr has signed a new contract with current Women’s Super League (WSL) champion Chelsea, the club announced Thursday, but not before giving her fans a minor scare. According to BBC Sport, it was Kerr’s idea to tease the fans around the news of the contract extension. Kerr has become one of the best players in women's soccer. Former Chelsea manager Hayes had made it her mission to convince Kerr to move to the WSL club back in 2019. Sonia Bompastor’s recent arrival as the new Chelsea manager marks a new era in west London, but retaining Kerr will help steady the ship.
Persons: Sam Kerr, Emma Hayes, Kerr, Chelsea, , Alexander Canillas, Aitana Bonmati, Ballon, Hayes, Sonia Bompastor’s Organizations: CNN — Soccer, Super League, Chelsea, US, BBC, Chicago Red Stars, Champions League, Blues Locations: London, soccer, Barcelona
U.S. Treasury Secretary Janet Yellen said Thursday that the $50 billion loan to Ukraine that President Joe Biden and other leaders of Group of Seven highly developed nations have agreed to could be the first of multiple loans backed by frozen Russian assets. The $50 billion loan will be backed with at least $260 billion worth of frozen Russian central bank assets as collateral. "While we're trying to move quickly on this, I can't give any type of timeline as to when money would actually start flowing to Ukraine," Yellen said. If necessary, the U.S. will commit the entire $50 billion, a senior administration official told reporters Thursday on a press call. "I think it's important for Putin to realize that we remain completely united in support of Ukraine," Yellen said.
Persons: Janet Yellen, Joe Biden, Yellen, We're, Biden, Putin Organizations: Treasury, Economic, of New, Union, Washington, Russia Locations: of New York, New York City, U.S, Ukraine
"Prices are still too high, but today's report shows welcome progress on lowering inflation," Biden said in a statement. The federal Bureau of Labor Statistics report also showed that the annual inflation rate fell to 3.3% in May, down from 3.4% in April and 3.5% in March. The numbers also came in cooler than economists had expected, with those surveyed by Dow Jones having predicted a 0.1% increase in prices and a 3.4% annual rate of inflation. "Wages are rising faster than prices, and unemployment has remained at or below 4% for the longest stretch in 50 years," said Biden. "I know many families are feeling squeezed by the cost of living, which is still too high," he added.
Persons: Joe Biden, Biden, Dow Jones Organizations: Wednesday, of Labor Statistics
Israeli special forces rescued four hostages in Gaza by posing as displaced Gazans, reports said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIsraeli special forces liberated four hostages held by militants in Gaza by disguising themselves as displaced Palestinians, reports said. Two Israeli security sources confirmed to ABC News that Israeli soldiers posed as refugees from Rafah to carry out the rescue mission on Saturday. According to residents interviewed by the Saudi Arabian-owned Asharq news channel, male and female Israeli soldiers impersonated Palestinian refugees from Rafah to infiltrate the Nuseirat refugee camp in central Gaza, per The Times of Israel.
Persons: Organizations: Yamam, Service, ABC News Locations: Gaza, Rafah, Saudi, Israel
A Kentucky woman said her family's cruise was canceled after they fell victim to identity theft. Banks and her family spent a year planning a trip on the Carnival Celebration ship. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA Kentucky mother said her family's booking on a cruise was canceled just 48 hours before the ship was due to set sail after they fell victim to identity theft. Tiffany Banks, her husband, and their children had spent a year planning their trip on the Carnival Celebration ship, which Carnival Cruise Line operates.
Persons: Tiffany Banks, Banks, Organizations: Facebook, Service, Business Locations: Kentucky
Aside from your swimsuit and stylish pair of sunnies, a quality cover up is next on the list of must-have summer accessories. Our favorite affordable beach cover ups offer a little extra coverage and complete your swim look — not to mention, this layer can help protect your skin from the sun's harsh rays. You'll also find trendy separates like Windsor's Boho Cutie Crochet Wide-Leg Pants and a classic breezy white button-down like the Calvin Klein Beach Shirt. AdvertisementBest short beach cover upsWhen you buy through our links, Business Insider may earn an affiliate commission. Learn moreBest long beach cover upsAdvertisementBest beach cover up separates
Persons: Gabrielle Chase's, You'll, Calvin Klein Organizations: Business Locations: Jersey
Former President Donald Trump will address some of the world's most powerful corporate leaders on Thursday, albeit with some notable absences. So here's what we know: Out of the 17 corporate spokespeople who replied to CNBC, four said their CEOs planned to attend: JPMorgan Chase CEO Jamie Dimon, Citigroup CEO Jane Fraser, Bank of America CEO Brian Moynihan and Edison International CEO Pedro Pizarro. BlackRock CEO Larry Fink and Microsoft CEO Satya Nadella, for instance, will reportedly be at the G7 summit in Italy. Representatives for Woods and Bastian did not reply to questions about why their chief executives won't be attending the meeting. Fox Corp. CEO Lachlan Murdoch, Best Buy CEO Corie Barry and Boeing CEO Dave Calhoun will also not be there, spokespeople told CNBC Thursday.
Persons: Donald Trump, Bank of America Brian Moynihan, Joe Biden's, Jeff Zients, , Jamie Dimon, Jane Fraser ,, Brian Moynihan, Pedro Pizarro, Trump, Steve Schwarzman, Goldman Sachs, David Solomon, Sara Armbruster, Darren Woods, Ed Bastian, Morgan Stanley, Ted Pick, James Gorman, Lynn Good, Solomon, Larry Fink, Satya Nadella, Woods, Bastian, Fink, Nadella, Lachlan Murdoch, Corie Barry, Dave Calhoun, spokespeople Organizations: Bank of America, White, Business, CNBC, JPMorgan Chase, Citigroup, Jane Fraser , Bank of America, Edison International, Trump, Blackstone Group, ExxonMobil, Delta Air, Duke Energy, BlackRock, Microsoft, Fox Corp Locations: Washington , DC, Trump, Italy, Washington
CNN —USA Basketball’s decision to omit Caitlin Clark from the Olympic roster was initially met with some shock. However, USA Basketball has made a “terrible decision,” according to CNN Sport analyst Christine Brennan, by omitting a phenomenon like Clark from the roster. Breanna Stewart, a two-time WNBA champion, Brittney Griner, a nine-time All Star and A’ja Wilson, a two-time MVP, have all represented Team USA at an Olympic Games before. “She’s the biggest thing in sports, not just women’s basketball in the United States,” Brennan said of why Clark should be included. With or without Clark, Team USA is the overwhelming favorite to win gold in Paris and continue its unbeaten Olympic record stretching back to 1992.
Persons: Caitlin Clark, Clark, wasn’t, , Christine Brennan, She’s, ” Clark, Brian Spurlock, I’m, Alyssa Thomas’s, Diana Taurasi’s, Breanna Stewart, Brittney, A’ja Wilson, Greg Fiume, Sabrina Ionescu, Jackie Young, Stewart, Betnijah Laney, it’s “, “ I’ve, , that’s, ” Brennan, Caitlin, Don Riddell, Brennan, Gregory Shamus, Diana Taurasi, Diana, , ” Stewart, Taurasi, Paige Bueckers, USA, Jennifer Rizzotti, she’s, Jayne Kamin, There’ll, Rebecca Lobo, Candace Parker, , Christian Laettner, women’s Organizations: CNN, USA, WNBA, CNN Sport, Chicago Sky, Indiana Fever, Indiana, Team USA, Olympic, Getty, NCAA, Hamilton, Fever, Basketball, , Iowa, Sports, Reuters, USA Basketball, Team USA’s, NBA Locations: Paris, , Iowa, Long, men’s, United, United States, Clark, America, Africa, Europe
In today's big story, we're looking at all the takeaways from Apple's big event , including its friendlier spin on artificial intelligence . Related VideoBut first, it's not AI; it's Apple Intelligence. Apple Intelligence — it's AI, just not that AI — is the company's first big swing in the space. Data is the name of the game when it comes to AI, and Apple's iPhones are full of it. However, the Apple Intelligence news and partnership with OpenAI is what really set the billionaire off.
Persons: , we've, it's, Andrew Burton, Justin Sullivan, Rebecca Zisser, Tim Cook, Apple, Apple's, Insider's Jordan Hart, Katie Notopoulos, Pro Max, BI's Peter Kafka, Max —, wasn't, Elon Musk, Chelsea Jia Feng, Grzegorz Wajda, Elon, Bernstein, Toni Sacconaghi, Point72, Steve Cohen's, WallStreetBets, Tyler Le, OpenAI, Sarah Friar, Kevin Weil, who's, Sam Altman's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Annie Smith Organizations: Service, Business, Tech, Apple Intelligence, Washington, Getty, Apple, Pro, Elon, OpenAI, Academy Investment, GameStop, Planet Labs, Oracle Locations: Apple's, Chelsea, Silicon, New York, London
Healthcare AI companies raised $2.8 billion in the first quarter of this year, according to the SVB report titled "The AI-powered Healthcare Experience." SVB projects funding to AI healthcare companies to total $11.1 billion in 2024. While healthcare AI startups might have it better, they're not out of the woods. Healthcare startups using AI for administrative tasks have grabbed $6.6 billion since 2021 and made up 42% of healthcare AI deals in the first quarter of this year, according to SVB. AdvertisementIn some cases, Big Tech companies are pushing healthcare startups forward.
Persons: , Raysa Bousleiman, they're, Siva Namasivayam, Galym, Bousleiman, Shiv Rao Abridge, Lynne Chou O'Keefe, Lightspeed's Imanbayev Organizations: Service, Silicon Valley Bank, Business, Big Tech, Abridge, Health, Lightspeed Venture Partners, Google, Fathom, Nvidia, Ventures, Technologies Locations: Cohere, Abridge, SVB .
In his outsider bid for the White House, Robert F. Kennedy Jr. is flanked by a team of unlikely political characters: new age health gurus, anti-vaccine activists, social media influencers, veterans of fringe third-party campaigns, cryptocurrency evangelists and militant environmentalists. Now a Hollywood screenwriter, Mr. Carson, 47, has the résumé of a Democratic insider. He was the press secretary for Hillary Clinton’s 2008 presidential campaign. He worked for Bill Clinton, Chuck Schumer, Tom Daschle, Howard Dean and Michael Bloomberg. But over the past year, he has become a quiet, steadying force behind a candidate who is at war with the Democratic Party.
Persons: Robert F, Kennedy Jr, Jay Carson, Carson, Hillary Clinton’s, Bill Clinton, Chuck Schumer, Tom Daschle, Howard Dean, Michael Bloomberg, Anita Dunn, Biden, , Kennedy, Organizations: White, Democratic, , Democratic Party Locations: Hollywood, Topanga Canyon, Calif
Many healthcare startups have targeted administrative tasks on the provider side, like SmarterDx, which just raised a $50 million Series B in June. Wu said NEA chose to invest in Anterior in part because of its focus on health plans. Anterior's $20 million Series A will help the startup accelerate hiring to take on more health plan customers, Mahmoud said. Wu said the firm sees a big opportunity for Anterior to package a range of tools for health plans as AI technologies become more widespread. See the 18-slide pitch deck Anterior used to grab a $20 million Series A.
Persons: , It's, Mustafa Suleyman, Adrian Aoun, Blake Wu, Abdel Mahmoud, we'd, we've, Mahmoud, Wu, Anterior's Organizations: Service, NEA, Business, Sequoia, Lion, Microsoft, Cohere, Meta, Google, McKinsey & Company, Amazon Locations: Sequoia Arc
Republican presidential candidate and former U.S. President Donald Trump speaks during a campaign event, in Las Vegas, Nevada, U.S. June 9, 2024. "Hotel workers and people that get tips, you're going to be very happy because when I get to office, we are going to not charge taxes on tips," Trump said at the Las Vegas rally. More than 1 in 4 private sector workers in Nevada are employed in the tip-heavy hospitality industry, according to up-to-date state figures. The Trump campaign later acknowledged that any policy eliminating taxes on tipped earnings would require congressional approval. Rather, Trump's campaign trail promise is a reflection of Nevada's status as a must-win state for both Democrats and Republicans.
Persons: Donald Trump, Trump, Rather, Stormy Daniels Organizations: Las, House Republicans, House, Democrats, Republicans, Trump Locations: Las Vegas , Nevada, U.S, Nevada, New York
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Healthcare AI startup has closed a $30 million Series B funding round, Business Insider has learned. The startup is rumored to have landed a $350 million valuation, with Oak HC/FT leading the raise. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. A hot AI startup just grabbed Series B funding in that competitive market. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Oak HC, FT, Service, Business
Israel's June 8 hostage rescue was aided by US intelligence, The New York Times reported. US specialists provided key intelligence and logistic support to Israel's military. The operation that freed four hostages caused over 200 Palestinian casualties, Gaza officials said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIsrael's rescue operation that freed four hostages on June 8 was supported by intelligence from US sources, The New York Times reports.
Persons: Organizations: New York Times, Service, Business Locations: Gaza, Israel
South Dakota Governor Kristi Noem speaks at the NRA-ILA Leadership Forum during the National Rifle Association (NRA) annual convention in Houston, Texas, U.S. May 27, 2022. South Dakota Gov. "But I'm in Wisconsin because I believe President Trump needs to win." Doug Burgum, Florida Sen. Marco Rubio, South Carolina Sen. Tim Scott and Ohio Sen. JD Vance. I love my job in South Dakota," Noem said Sunday about those reports.
Persons: Kristi Noem, Donald Trump's, Noem, Trump, Joe Biden, Jean Carroll, Stormy Daniels, Noem's, Doug Burgum, Florida Sen, Marco Rubio, Marco Rubio , South Carolina Sen, Tim Scott, Ohio Sen, JD Vance Organizations: NRA, ILA, National Rifle Association, South Dakota Gov, Quinnipiac University, GOP, Trump, NBC News, North Dakota Gov, Ohio, Cricket Locations: Houston , Texas, U.S, Wisconsin, New York, Florida, Marco Rubio , South Carolina, South Dakota
The United Nations will add Israel to its global list for violating children's rights. The decision precedes the UN's annual report submission to the Security Council this week. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe United Nations is set to include Israel and Hamas on its global list of entities accused of violating children's rights and protections. The announcement comes ahead of the UN's annual report submission to the Security Council next week when the UN Secretary-General António Guterres will add Israel and Hamas the annual global list of countries and groups violating children's rights in armed conflicts.
Persons: António Guterres, , António Organizations: United Nations, Security, UN, Service, Nations, Hamas, AP News, Business Locations: Israel
Leviathan Productions enlists "Fauda" creators for "October 7th" film on Noam Tibon's rescue. The film covers Noam Tibon's daring rescue during Hamas' attack on Tibon's family's kibbutz. Noam Tibon, armed only with a handgun, saved his family and others, gaining global attention. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy .
Persons: Noam Tibon's, Noam, Noam Tibon, , Avi Issacharoff, Lior Raz, Oz Organizations: Service, Business Locations: Israeli, Israel
At an assisted living facility in New York State, a small crowd had gathered at the dining room entrance at lunchtime, waiting for the doors to open. As a researcher observed, one woman, growing tired and frustrated, asked the man in front of her to move; he didn’t appear to hear. In Salisbury, Md., a woman awoke in the darkness to find another resident in her bedroom in an assisted living complex. He never menaced or harmed her mother, but “she’s entitled to her privacy,” Ms. Addy-Twaits said. In long-term care facilities, residents sometimes yell at or threaten one other, lob insults, invade fellow residents’ personal or living space, rummage through others’ possessions and take them.
Persons: let’s, , Rebecca Addy, Twaits, Addy, Twaits’s, , Ms Locations: New York State, Salisbury, Md
Trump claims credit for Biden’s insulin price cap
  + stars: | 2024-06-08 | by ( Rebecca Picciotto | ) www.cnbc.com   time to read: +3 min
Former President Donald Trump on Saturday recognized that the price of insulin is lower under President Joe Biden, but he still wants voters to credit his own administration. "Low INSULIN PRICING was gotten for millions of Americans by me, and the Trump Administration, not by Crooked Joe Biden. Insulin price caps have become a central piece of evidence for Biden's broader economic argument on the campaign trail against Trump. "And now I want to cap the cost of insulin at $35 a month for every American who needs it!" For Trump's part, the former president signed an executive order in the last year of his administration to issue his own $35 price cap on insulin.
Persons: Donald Trump, Joe Biden, Crooked Joe Biden, Trump, Biden Organizations: Trump Administration, Trump, Democratic, U.S, CNBC, Obama, ACA, Crooked Locations: KFF
Walgreens -backed CityMD will pay $12.04 million to settle Covid fraud allegations brought by the Department of Justice, the department announced on Friday. Stephen Kitzinger, a CityMD patient, initially alleged the fraud in 2020. CityMD cooperated with the government's investigation and hired a third-party firm to help the government determine how much was lost in connection as a result of the alleged fraud, according to the DOJ. CityMD said it denies the allegations but has decided to settle in order to to avoid the costs of dragged-out litigation. "The recent settlement is neither a finding of liability nor an admission of wrongdoing, and CityMD denies the allegations.
Persons: Philip R, Sellinger, Stephen Kitzinger, Kitzinger, CityMD Organizations: Walgreens, Department of Justice, Attorney's, District of, U.S, DOJ, CNBC Locations: Manhattan , New York City, U.S, New York, New Jersey, District of New Jersey, COVID
Insider Today: Why we don't exercise
  + stars: | 2024-06-08 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com   time to read: +6 min
On the agenda:This story is available exclusively to Business Insider subscribers. But they don't want to have to limit their opportunity to see the world due to their sexual orientation. Oxygen/Getty Images, Abanti Chowdhury/BIGentle parenting goes bye-byeWhether you call it gentle parenting, intentional parenting, or mindful parenting, the concept remains widely the same. Father's Day sales : Time's running out to get dad a gift — check out our roundup of the best Father's Day deals for great prices on thoughtful presents. : Time's running out to get dad a gift — check out our roundup of the best Father's Day deals for great prices on thoughtful presents.
Persons: , Rebecca Zisser, Olivia Rodrigo, Luke Combs, Megan Thee, Justin Timberlake, Emily Stewart, Taylor Swift, Derek Abella, Timo Lenzen, it's, Augustine, Abanti Chowdhury, Tyler Le, Glen Powell, Richard Linklater's, Karl Lagerfeld, Daniel Brühl Organizations: Service, Business, Europe, Netflix, Father's Locations: Florida, Europe, St, Augustine , Florida, Spain, The Florida
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