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☆ This hyper-exclusive CEO training program doesn't care about your 4.0 GPA
▼ + stars: | 2024-06-24 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +10 min

The promise of a more rapid climb up the corporate ladder has made Alpine's CIT program incredibly popular. While it's too soon to know how Alpine's CIT program ranked this year, it received 750 applications for just 12 slots. AdvertisementAnderman's own non-conventional career took her from college dropout to ballet dancer to the world of international development to business school. When she interviewed for her job at Alpine, Weaver asked how she could handle the job with no prior experience. — Alpine's founder and CEO — Alpine's founder and CEOThe first attribute the company looks for is IQ, but not in the traditional kind.

Persons: —, it's, Tal Lee Anderman, you've, Tal Lee Anderson, Graham Weaver, GSB, Weaver, whittle, Anderman, David Wurtzbacher, Wurtzbacher, they're, Geoff Smart Organizations: Service, Business, CIT, Harvard Business School, Stanford's, School of Business, Wharton School, University of Pennsylvania, Harvard, Tal Lee Anderson Alpine, Stanford, Wharton, Kellogg School of Management, Northwestern, University of Chicago Booth School of Business, Alpine, Alpine's San, Citadel, Yale Law School, America Locations: Alpine's, Alpine's San Francisco, Blackstone, Anderman, Manhattan, Jackson , Mississippi, Hong Kong

☆ Betting scandal inside the UK's ruling Conservative Party mars election race
▼ + stars: | 2024-06-24 | by ( April Roach | ) www.cnbc.com time to read: +2 min

LONDON — Britain's ruling Conservative party has become embroiled in a scandal concerning allegations that senior officials used inside knowledge to win bets on the date of the general election. Nick Mason, chief data officer for the Conservative Party, is the latest Tory official to be probed by the Gambling Commission, according to a report in The Sunday Times. CNBC was unable to immediately confirm this and the Conservative Party has not yet responded to a request for comment. Conservative MP for Montgomeryshire Craig Williams, who is also a close aide to the prime minister, was the first to face questions regarding a bet on the election date. The Conservative Party's campaign director Tony Lee, and his wife, Laura Saunders — the party's candidate in Bristol North West — are also being looked into by the Gambling Commission.

Persons: Rishi Sunak, Sunak, Nick Mason, Sunday Times . Mason, Montgomeryshire Craig Williams, Williams, Tony Lee, Laura Saunders —, Lee, Saunders Organizations: Conservative, Conservative Party, Tory, Gambling, Sunday Times, British, CNBC, Montgomeryshire, Bristol North, Commission, Independent, Metropolitan Police, Professional, Independent Office, Police

☆ Nvidia's chips are very popular. Its brand, less so.
▼ + stars: | 2024-06-23 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +1 min

Nvidia recently joined Microsoft and Apple in the multi-trillion dollar valuation club. But Nvidia's brand doesn't have the household familiarity of the iconic Apple logo or Nike swoosh. 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 . That's a question best aimed at Nvidia, which recently turned into a multi-trillion dollar company thanks to its valuable chips that are crucial in the artificial intelligence race.

Persons: — Organizations: Nvidia, Microsoft, Apple, Nike swoosh . Consulting, Service, Business

☆ Clarence Thomas' originalist interpretations go too far, even for fellow conservatives
▼ + stars: | 2024-06-23 | by ( Katherine Tangalakis-Lippert | Lloyd Lee | ) www.businessinsider.com time to read: +5 min

This story is available exclusively to Business Insider subscribers. AdvertisementLegal experts who spoke to Business Insider said Thomas's latest decision highlighted how inconsistent and even ridiculous this method of interpretation can be. The Supreme Court of 1888 decided that the Constitution was broad enough to cover inventions the Founding Fathers never dreamed of. Gross noted that he expected the outcome the Supreme Court ultimately reached, though he was surprised Justice Samuel Alito, another strict originalist, didn't join Thomas' dissent. AdvertisementRepresentatives for the Supreme Court did not respond to a request for comment from Business Insider.

Persons: —, Clarence Thomas, Thomas, Antonin Scalia, John P, Gross, wouldn't, originalists, Carolyn Shapiro, Shapiro, Amy Coney Barrett, Barrett, SCOTUS, Samuel Alito, didn't, Scalia Organizations: Service, Business, University of Wisconsin Law School, Public, originalism, Chicago, Kent College of Law's Institute, AP, CNN Locations: United States

☆ Why Southeast Asia Is Crying Over This Movie
▼ + stars: | 2024-06-23 | by ( Sui-Lee Wee | ) www.nytimes.com time to read: +1 min

Daniel Nico Laudit says he does not cry easily. He decided to test his mettle this month in a movie theater in Manila, and documented the experience for his 4.5 million followers on TikTok. “I went straight to the restroom after the movie because I wanted to cry out loud,” Mr. Laudit, 24, a content creator, said in a telephone interview. Reactions like Mr. Laudit’s have made the movie, which was filmed in Bangkok mostly in the Thai language, a runaway hit across Southeast Asia. In Indonesia, it has drawn millions of viewers.

Persons: Daniel Nico Laudit, Grandma, “, Mr, Laudit, Laudit’s Locations: Manila, TikTok, Bangkok, Thai, Southeast Asia, Philippines, Singapore, Indonesia, Thailand

☆ Warnings signs for Biden’s Jewish support as war in Gaza drags on and antisemitism rises
▼ + stars: | 2024-06-23 | by ( Edward-Isaac Dovere | ) edition.cnn.com time to read: +14 min

Still, conversations about a possible drift toward Donald Trump, though, are evident in the several Jewish elected Democratic leaders who grimaced and ducked when asked by CNN to discuss their sense of Jewish support for Biden. Talking with Jewish voters in Michigan, “I’ve had a couple of people say point blank, ‘How could any Jew vote for a Democrat?’” said Troy Zukowski, the West Michigan chair of the Michigan Jewish Democrats. The president does have some key Jewish voices of support in important places. Trump’s support among Jewish voters in 2020, at 30% according to Associated Press exit polls, was the highest for a Republican presidential candidate in decades. The expected central theme of that effort, according to one of the people involved, will be: As a Jewish American, do you feel safer than you did four years ago?

Persons: Joe Biden’s, –, Biden, Joe ”, Kamala Harris, Doug Emhoff, Donald Trump, grimaced, megadonor Haim Saban, “ I’ve, ’ ”, Troy Zukowski, “ I’m, I’m, Alejandro Mayorkas, Neera Tanden, Jon, John Kirby, Kirby, Joe Biden, ”, Josh Shapiro, “, Shapiro, Pharaoh, Hitler, Kim Jong, Benjamin Netanyahu’s, Emhoff, Ben Stiller, chitchatting, Alex Edelman’s, Israel, sickening ”, Trump, Morgan Ortagus, Haile Sofer, Jake Sullivan, Netanyahu, Lee Zeldin, ” Zeldin, Rashida, Harris, Biden “, ” Emhoff, who’s, antisemites, Andrew Weinstein, it’s, “ He’s, I’ve, Joe Organizations: Washington CNN, CNN, Jewish, Democratic, White, Biden, Democrat, Michigan Jewish Democrats, Trump, Homeland, National Security, Justice, NSC, Pennsylvania, American, Israel, Nova Music, Wing, House, Jewish voters Trump, State Department, Jewish Democratic Council of America, Associated Press, Republican, United Arab Emirates, Capitol, GOP, Democratic Party, Biden ’, Republican Jewish Coalition, Naval Observatory Locations: Israel, Pennsylvania , Michigan, Georgia, Wisconsin, Arizona, Michigan, West Michigan, Palestine, president’s State, Jerusalem, Gaza, Lower, Manhattan, Brooklyn, America, Charlottesville , Virginia, Germany, Washington, Bahrain, New York, Detroit, American, Charlottesville, ”, Florida

☆ The Titanic is overrated, deep-sea explorers say. The wealthy keep venturing to it anyway.
▼ + stars: | 2024-06-23 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +6 min

Read previewThe Titanic may be one of the most popular and identifiable wreckage sites in the history of sea travel. It also may be one of the most overrated, deep-sea explorers told Business Insider. Söhnlein's company, Blue Marble Exploration, recently announced it would venture into Dean's Blue Hole, a site in the Bahamas about 660 feet from the surface. Dean's Blue Hole EyesWideOpen/Getty Images"Dean's Blue Hole is an enigma for geologists studying underwater caverns," Blue Marble Exploration's website says. The company adds that it expects to find "human remains" of people who drowned in the blue hole "due to a variety of misfortunes."

Persons: —, James Cameron's, Larry Connor, Karl Stanley, That's, Stanley, Guillermo Söhnlein, OceanGate, Söhnlein, it's, James Cameron, they're, Rush, Nicholas Mevoli Organizations: Service, Business, Titan, Stanley, OceanGate's, Stockton Rush, Stockton, Blue, Blue Marble Exploration, New York Times Locations: Kea, Blue Marble, Bahamas

☆ Germany gets stoppage-time goal to top Group A at Euro 2024, Hungary boosts qualification hopes with late goal
▼ + stars: | 2024-06-23 | by ( Ben Morse | ) edition.cnn.com time to read: +5 min

However, Niclas Füllkrug equalized late on to rescue a point for the host nation and see it top the group. The draw means that Germany finishes on seven points after its three games in Group A, two points ahead of Switzerland. Elsewhere, Hungary scored a dramatic 100th-minute winner against Scotland to get its first win of the tournament and boost its qualification hopes. Germany piled on the pressure as the second half went continued, with Kai Havertz hitting the bar. The second half followed much the same pattern until the injury suffered by Varga halted the game.

Persons: Dan Ndoye, Remo Freuler, Niclas Füllkrug, Barnábas Varga, Angus Gunn, Varga, Damien Meyer, Dominik Szoboszlai, Robert Andrich, Jamal Musiala, Daniele Orsato, Ndoye, Jonathan Tah, Angelos Tzortzinis, Murat Yakin’s, Julian Nagelsmann, Yann Sommer, Kai Havertz, Willi Orbán’s, Kevin Csoboth, Lee Smith Organizations: CNN, Switzerland, C, B, Scotland, Getty, Stuttgart, Hungarian, Germany, Frankfurt, Hungary Locations: Germany, Frankfurt, Switzerland, England, Denmark, Slovenia, Serbia, Italy, Albania, Croatia, Hungary, Scotland, Stuttgart, AFP

☆ Fundstrat's Tom Lee keeps making bold stock calls — and nailing them
▼ + stars: | 2024-06-22 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

For example, a call that the S & P 500 would rise 100 points on a positive consumer price index print came true last year. That's true so far, with the S & P 500 jumping 4.8% in May after finishing April down 4.2%. As equities struggled, (the S & P 500 fell almost 20% in 2022), Lee felt like the risk of inflation was being mispriced. Because of that, he foresaw a rebound in 2023, a year that sent the S & P 500 more than 24% higher. "There was a pretty widely-held view that the Fed had to crash the economy in order to contain inflation," Lee said.

Persons: Fundstrat's Tom Lee, Lee, it's, that's, Lee doesn't, Russell, hiccups, Salomon Smith Barney Organizations: Fundstrat, CNBC Pro, Wharton School, selloff, Apple, Netflix, Nasdaq, JPMorgan

☆ Nvidia CEO Jensen Huang shouts out OpenAI cofounder Ilya Sutskever for sparking 'the big bang of deep learning'
▼ + stars: | 2024-06-22 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +1 min

OpenAI cofounder Ilya Sutskever left his company in May after a failed attempt to oust Sam Altman. He announced on June 19 that he would start a new AI project called "Safe Superintellgence Inc."Nvidia CEO Jensen Huang said Sutskever's past work sparked the "big bang of deep learning." 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 . AdvertisementNvidia CEO Jensen Huang had high praise for Ilya Sutskever, the OpenAI cofounder who left his company after a chaotic attempt to oust its chief executive, Sam Altman.

Persons: Ilya Sutskever, Sam Altman, Jensen Huang, — Organizations: Inc, Nvidia, Service, California Institute of Technology, CNN, Business

☆ US offers assurances to Israel this week in the event of full-blown war with Hezbollah
▼ + stars: | 2024-06-21 | by ( Mj Lee | ) edition.cnn.com time to read: +3 min

They discussed a wide range of topics including the situation on Israel’s northern border, Iran and the ceasefire and hostage negotiations, sources said. Since Hamas’ attack on Israel on October 7, Hezbollah’s provocations against Israel have continued – and escalated in recent weeks. If Hezbollah were to significantly expand the scale of its attacks on Israel, resulting in the deaths of Israelis, US officials expect Israel to respond with full force. As CNN reported, US officials have serious concerns that in the event of a full-blown war between Israel and Hezbollah, the Iran-backed militant group could overwhelm Israel’s air defenses in the north — including the much-vaunted Iron Dome air defense system. In this week’s meetings, US and Israeli officials discussed possible “off-ramps” to try to lower the temperature along the so-called Blue Line that separates Lebanon and Israel, the senior administration official said.

Persons: Biden, Benjamin Netanyahu, Ron Dermer, Tzachi Hanegbi, Jake Sullivan, Antony Blinken, Brett McGurk, Israel, Amos Hochstein Organizations: CNN — Senior, Hezbollah, Top, Strategic, Biden, White, CNN Locations: Washington, Israel, Iran, Lebanon

☆ Video appears to capture the first use of Russia's monstrous 6,600-pound glide bomb in Ukraine and the immense destruction it causes
▼ + stars: | 2024-06-21 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Read previewNew video footage appears to capture the first combat employment of Russia's 6,600-pound glide bomb in Ukraine, a highly destructive capability that analysts say could be a tremendous problem for Kyiv. The munition was outfitted with a unified planning and correction module that turns it into a glide bomb, meaning it could have been air-launched from far away. Reportedly the first video of a Russian FAB-3000 UMPK glide bomb strike. Advertisement"Russian forces have already increased guided and unguided glide bomb use against Ukraine, particularly in Kharkiv Oblast, to devastating effect," they said. Unlike conventional gravity bombs, glide bombs have flight control surfaces and are standoff weapons.

Persons: —, VilUVEYlmJ, — Rob Lee Organizations: Service, Business, Russian FAB, FAB, Institute for, Ukrainian, Ukraine, Russian Defense Ministry, Russian Defense Ministry Press Locations: Ukraine, Kyiv, Kharkiv, Russian, Russia, Kharkiv Oblast, Ukrainian

☆ There's still a lot of upside in Nvidia, says Fundstrat's Tom Lee
▼ + stars: | 2024-06-21 | 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 EmailThere's still a lot of upside in Nvidia, says Fundstrat's Tom LeeTom Lee, Fundstrat Global Advisors managing partner and head of research, joins 'Power Lunch' to discuss markets, investing timeliness, and the equity market.

Persons: Tom Lee Tom Lee Organizations: Nvidia, Fundstrat Global Advisors

☆ Chipotle's latest marketing campaign shows how restaurants are getting creative to win your lunch break
▼ + stars: | 2024-06-21 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at Chipotle's newest pitch in the big business that is winning your lunch break. Market research firm Future Markets Insights pegged the lunch takeout market at $215.3 billion in 2022 . Chipotle's latest marketing campaign shows how creative restaurants are getting to nab your lunch order. Bitcoin's cooldown might be a warning for the stock market. A Stifel strategist predicted a late-summer stock market decline based on bitcoin's 10% sell-off in the past few weeks.

Persons: —, Chelsea Jia Feng, Keith Lee, Alyssa Powell, haven't, Taco Bell, Tim Hortons, Burger King, sarayut Thaneerat, Tyler Le, Ken Griffin, Bitcoin's, isn't, That's, Jensen Huang's, Satya Nadella's, Marc Piasecki, Elon Musk, They're, Alfie, Alfie Health, Donald Trump, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Annie Smith, Amanda Yen Organizations: Service, Business, nab, bros, Chipotle, Getty, Brands, KFC, Taco, BI Citadel, Sunshine State, Congressional, Nasdaq, Apple, Apple Intelligence, Nvidia, Microsoft, Amazon, Elon Locations: Cava, Illinois, Florida, China, New York, London

☆ Critical Role's 'Downfall' is a new crossover project for the 'Dungeons & Dragons' history books
▼ + stars: | 2024-06-21 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +1 min

Critical Role's new campaign arc, "Downfall," will be helmed by "Dimension 20's" Brennan Lee Mulligan. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIt looks like "Critical Role" is venturing into uncharted nerd world territory again, and it's bringing in the big guns. The eight-member CR cast is on episode 98 of their third long-running "Dungeons & Dragons" campaign. This story is available exclusively to Business Insider subscribers.

Persons: Brennan Lee Mulligan, — Organizations: CR, Service, Business

☆ Watch Friday's full episode of Fast Money — June 21, 2024
▼ + stars: | 2024-06-21 | 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 EmailWatch Friday's full episode of Fast Money — June 21, 2024"Fast Money" is America's post-market show. Hosted by Melissa Lee and a roundtable of top traders, "Fast Money" breaks through the noise of the day, to bring you the actionable news that matters most to investors.

Persons: Melissa Lee

☆ CVS may soon show whether AI can start to replace call centers
▼ + stars: | 2024-06-21 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +1 min

Companies are increasingly turning to AI to see if it can improve the customer service experience. CVS plans to use AI so that pharmacy customers don't have to go through a menu option, per The Wall Street Journal. They'll be able to talk to the AI before being directed to a live agent, CVS Health CTO told The Journal. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementCVS plans to use artificial intelligence in an effort to improve the customer-service experience, CVS Health Chief Technology Officer Tilak Mandadi told The Wall Street Journal.

Persons: They'll, —, Tilak Mandadi, Mandadi, Gen Z Organizations: Street, CVS, Service, CVS Health, Wall Street, Business

☆ Neighbors Fight Affordable Housing, but Need Libraries. Can’t We Make a Deal?
▼ + stars: | 2024-06-21 | by ( Michael Kimmelman | ) www.nytimes.com time to read: +1 min

It’s the second library in town during the past year or so to try something clever and innovative: partnering with a 100 percent affordable housing development. These days, NIMBYs are always fighting affordable housing projects. One obvious solution is the twofer — building housing and a library together — because there’s strength in numbers. Libraries pairing with housing developers can trim construction costs. Developers can leverage city-owned property to finesse both the not-in-my-backyard types and the byzantine economics of affordable development.

Persons: It’s, John Ronan, Brian Lee Locations: Inwood, Manhattan, Chicago, Boston, . New York

“The president has gotten increasingly punchier in recent remarks about Trump and plans to carry that theme through to the debate,” one Biden campaign official said. (CNN debate rules stipulate that each candidate will have a pen, writing pad and a bottle of water at the podium.) Biden’s former chief of staff, Ron Klain, is taking the lead to help the president get ready to debate Trump, a Biden campaign official told CNN. In the last cycle, Biden aides were particularly sensitive to Trump attacking members of Biden’s family on the debate stage. But that doesn’t mean Trump shouldn’t, or isn’t preparing,” said a person close to Trump, who requested anonymity to speak candidly.

Persons: poring, Joe Biden, Donald Trump, Biden, Trump, ”, He’s, “ I’ll, ” Trump, “, David, Camp David, Biden’s, Ron Klain, Klain, Bruce Reed, Reed, Jeff Zients, Anita Dunn, Mike Donilon, –, ’ Trump, Ohio Sen, JD Vance, Marco Rubio, Eric Schmitt of Missouri, Trump’s, Susie Wiles, Chris LaCivita, Kellyanne Conway, Stephen Miller, National Intelligence Richard Grenell, Chris Christie, Bob Bauer –, ” Bauer, acclimate Biden, Kate Bedingfield, Hunter, Jason Miller Organizations: CNN, Trump, White, Biden, Gatorade, peruse, Democratic, hourlong, Mar, Sens, Republican National Committee, Republicans, Capitol Hill, National Intelligence, New, New Jersey Gov, White House, “ Locations: Atlanta, Racine , Wisconsin, Maryland, Camp, hourlong State, East, Ukraine, Ohio, Marco Rubio of Florida, Washington ,, New Jersey, Philadelphia, Pennsylvania

☆ YouTube sensation Caspar Lee on why he quit the platform to build a business empire
▼ + stars: | 2024-06-20 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +5 min

30-year-old Caspar Lee was once a YouTube megastar and is now a serial entrepreneur. Caspar LeeCaspar Lee belongs to a crop of content creators who found early success on YouTube back in the 2010s, commanding millions of views on the platform. Lee said his first venture into entrepreneurship was when in 2017 he co-founded the influencer marketing company Influencer.com, alongside Ben Jeffries. Lee co-founded a venture capital firm Creator Ventures with his cousin Sasha Kaletsky in 2022. Caspar LeeThereafter, Lee co-founded Proper Living — accommodation in Cape Town for students and young professionals.

Persons: Caspar Lee, Caspar Lee Caspar Lee, Zoe Sugg, Marcus Butler, Joe Sugg, Ed Sheeran, Justin Timberlake, Anna Kendrick, Kevin Hart, Lee, Goldman Sachs, they're, Ben Jeffries, Joe Suggs, Sasha Kaletsky, Caspar Lee Thereafter, I've, Influencer.com, Sasha Kaletsky —, Kaletsky, shouldn't Organizations: YouTube, CNBC, Google, MVE, IMG, Endeavor Group, Ventures, Forbes, Bridgepoint, Labs Locations: England, Knysna, South Africa, American, Cape Town, Europe, London

☆ Los Angeles Lakers to hire NBA veteran JJ Redick with 4-year coaching contract, according to reports
▼ + stars: | 2024-06-20 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +1 min

The Los Angeles Lakers were on the hunt for a coach after firing Darvin Ham in May. JJ Redick, an NBA veteran, was a top contender for the Lakers coaching job, per ESPN. Sources told The Athletic that Redick impressed Lakers owners and key stakeholders in a recent meeting. AdvertisementThe Los Angeles Lakers have found its new head coach: NBA veteran JJ Redick, according to multiple reports. Redick, a 15-year NBA player-turned-analyst and podcaster, agreed to a four-year contract to lead the Lakers, ESPN first reported.

Persons: Darvin Ham, JJ Redick, Redick, —, podcaster Organizations: Los Angeles Lakers, NBA, Lakers, ESPN, Athletic, Service, Business

☆ This 30-year-old made $66,000 selling trash last year. His finds include Fendi bags and hundreds in cash
▼ + stars: | 2024-06-20 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +4 min

Leonardo Urbano, 30, sits on a couch that was set out for disposal in Sydney. Leonardo Urbano said he sometimes finds luxury goods in piles of discarded clothes, such as this purported Fendi bag. When he finds luxury items, Urbano said he tries to verify their authenticity by checking the serial numbers on sites like Entropy. Leonardo Urbano found a painting by two-time Archibald Prize finalist Dapeng Liu with an estimated value of $3,000. Leonardo Urbano

Persons: Leonardo Urbano, Urbano, He's, Dapeng Liu Organizations: Facebook, CNBC Locations: Sydney, Leonardo Urbano In Australia, Australia

☆ Britain’s embattled ruling party roiled by election-related gambling scandal
▼ + stars: | 2024-06-20 | by ( Luke Mcgee | ) edition.cnn.com time to read: +3 min

CNN —Britain’s governing Conservative Party has been rocked by a gambling scandal in the middle of the campaign for an election that it is expected to lose. The UK’s PA Media news agency reported on Thursday that Conservative candidate Laura Saunders is facing a gambling watchdog investigation into alleged betting offenses. Prior to standing as a candidate, Saunders worked for the Conservative Party. A Conservative spokesperson told CNN in a statement: “We have been contacted by the Gambling Commission about a small number of individuals. It would be the first time Labour has entered power from opposition since 1997 and would end 14 years of controversial government by the Conservative Party.

Persons: Laura Saunders, Saunders, Tony Lee, Lee, ” Saunders, Craig Williams, Rishi Sunak, Williams, “, …, ”, It’s Organizations: CNN, Conservative Party, Media, Conservative, BBC, Commission, UK’s, Sunak, The Metropolitan Police, Professional, Labour Party, Labour, Conservatives

☆ 3 Takeaways From Putin’s Trip to Vietnam
▼ + stars: | 2024-06-20 | by ( Sui-Lee Wee | Paul Sonne | ) www.nytimes.com time to read: 1 min

A day later, in Vietnam, the Russian leader was far less provocative. Vietnam values its relations with the United States, which would be jeopardized if Mr. Putin were to make fiery statements about Washington on its soil. So even though Vietnam and Russia have deep military relations and a shared communist history, leaders in Hanoi instead focused talks with Mr. Putin on boosting ties in areas like trade, education, energy, and science and technology. The Russian leader kept his formal remarks muted. There were no major breakthroughs, but the show of unity with Vietnam was designed to give Mr. Putin a veneer of international legitimacy at a time of increasing isolation in the West.

Persons: Vladimir V, Putin, Mr Locations: North Korea, Vietnam, Russian, United States, Washington, Russia, Hanoi, West

☆ Why buy now, pay later debt could become a problem for the U.S. economy
▼ + stars: | 2024-06-20 | by ( Charlotte Morabito | In Charlottemorabito | ) www.cnbc.com time to read: +2 min

Buy now, pay later options are becoming more accessible to consumers. A quarter of Americans surveyed in April 2024 said they used buy now, pay later services in the past 12 months, according to a recent report from NerdWallet. The number of buy now, pay later loans increased nearly 1,100% between 2019 and 2021, according to data compiled by the Consumer Financial Protection Bureau. The rapid growth has some analysts concerned because where there are loans, there is debt — but exactly how much debt is still unclear. The FTA is a trade group that represents four of the largest buy now, pay later providers: Klarna, Afterpay, Zip and PayPal.

Persons: Shannon Grein, Penny Lee Organizations: Consumer Financial, Bureau, CNBC, Financial Technology Association, PayPal Locations: NerdWallet, Wells

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