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☆ Swing-district Republicans in New York decried Trump's conviction. It could cost them politically.
▼ + stars: | 2024-06-01 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewFor GOP lawmakers on Capitol Hill, former President Donald Trump continues to wield immense power over their political futures. AdvertisementFormer President Donald Trump at his criminal hush-money trial in New York. But in a decidedly Democratic state like New York, Biden is likely to gain some ground ahead of the election. AdvertisementAcross the country, suburban voters were already turning away from Trump even before his conviction — as former UN Ambassador Nikki Haley has continued to win significant blocs of GOP voters even after suspending her presidential campaign in March.

Persons: —, Donald Trump, Trump, Stormy Daniels, Marc Molinaro, Anthony D'Esposito, Biden, Steven Hirsch, Mike Lawler, Attorney Alvin Bragg, Letitia James, Kathy Hochul, hyperpartisan, Nick LaLota, Hochul, Robert F, Kennedy Jr, it's, Nikki Haley Organizations: Service, Capitol, Business, Republicans, New York Police Department, Attorney, hyperpartisan New York Democrats, GOP, New York State, Emerson, Trump, Republican, New York House Republicans Locations: New York, New York City, Hudson, Manhattan, D'Esposito's, Democratic, Long, Trump

☆ Emily Ratajkowski, Stormy Daniels and the not-so-subtle art of sartorial support
▼ + stars: | 2024-05-31 | by ( Leah Dolan | ) edition.cnn.com time to read: +5 min

On the final day of Donald Trump’s hush money criminal trial — in which a jury found the former president guilty on all 34 counts of falsifying business records — Emily Ratajkowski was spotted wearing a not-so-subtle statement shirt. Ratajkowski wore her $95 Stormy Daniels T-shirt out in New York. Ratajkowski herself is no stranger to the art of sartorial support, wearing a conspicuous Rage Against the Machine T-shirt in 2020 featuring a young Bernie Sanders. Despite a lack of statement, Cate Blanchett's latest Cannes look was interpreted by many as a nod to the Palestinian flag. Similarly, Ratajkowski has spoken at length in her 2021 book “My Body” about her experience enduring several instances of sexual assault.

Persons: Donald Trump’s, Emily Ratajkowski, Stormy Daniels, Daniels, Robert Crumb, Katherine Hammett, Margaret Thatcher, Pershing, Hammett, Thatcher, ” Hammett, Ratajkowski, Bernie Sanders, Queen Elizabeth II —, Cate Blanchett’s Haider Ackermann, Blanchett, Ackermann, Cate Blanchett's, Daniel Cole, Guy Pearce, Netanyahu, ” Pearce, ”, I’ve Organizations: CNN, Trump, British, Guardian, EU, Cannes Film, Fair Locations: New York City, York, British, New York, Gotham, Palestine, Gaza, Cannes, Fair France

☆ The true stories behind iconic Diana photos, according to the man who took them
▼ + stars: | 2024-05-31 | by ( Billy Stockwell | ) edition.cnn.com time to read: +5 min

It displays a carefully curated selection of work by renowned royal photographer Anwar Hussein, 85, who started snapping Diana when she was 19. “At first, some told me ‘you can’t do pictures of royals,’” Anwar told CNN ahead of the exhibition’s launch. Diana, the late Princess of Wales attends a Vanity Fair party at the Serpentine Gallery in Nov 1994. Anwar HusseinOver the years, Anwar and his sons have taken hundreds of thousands of photos of the royal family. Would they recreate the picture of Diana there?” Zak said.

Persons: Princess Diana, Anwar Hussein, Diana, “, ’ ” Anwar, Bob Marley, Elton John, Anwar’s, Samir, Zak, “ Diana, Kate, Meghan, ”, Charles, of Wales, Prince Charles, Anwar Hussein “, ‘ I’m, I’m, ’ ” Zak, Anwar, it’s, Diana cradling, ” Anwar, Imran, “ We’ve, ’ we’ve, Catherine Walker, Taj, Prince William, Catherine, ” Zak, ” Samir, “ He’s Organizations: CNN’s Royal, London CNN —, CNN, Imran Khan's Cancer Locations: London, London’s, Lahore, Pakistan, India, Agra

☆ Department of Labor sues Hyundai over child labor
▼ + stars: | 2024-05-31 | by ( Peter Valdes-Dapena | Ramishah Maruf | ) edition.cnn.com time to read: +2 min

In a new complaint, the department alleges Best Practice, a staffing agency, sent the child to work at SMART Alabama, which provided car parts to Hyundai. The complaint alleges all three companies were responsible for employing the child. “We are reviewing the new lawsuit and intend to vigorously defend the company,” Hyundai said in a statement provided to CNN. The complaint, filed in an Alabama federal court, seeks an order requiring the companies to release any profits related to the use of child labor as well as an order to stop any future use of child labor. Hyundai and its suppliers had been the subjects of a series of investigations by news service Reuters into the use of child labor in Alabama.

Persons: Jessica Looman, ” Hyundai, “, Hyundai Organizations: CNN, United States Department of Labor, Hyundai, SMART Alabama, Fair Labor, Reuters Locations: Alabama, United States, America

political memoThe outcome of Donald Trump’s Manhattan trial on Thursday had seemed almost unthinkable to the Trump team as recently as last summer. Guilty.”When Mr. Trump got up to leave court, his face looked as if he’d been punched in the solar plexus. Mr. Trump and his allies on Capitol Hill and in conservative media assiduously prepared their audiences to be outraged, whatever the outcome. “There’s a sense of personal resentment,” added the senator, who is on a shortlist to be Mr. Trump’s running mate. He got MAGA’d yesterday,” Mr. Trump said in the hallway outside the courtroom.

Persons: Donald Trump’s Manhattan, Donald J, Trump’s, Trump, Mr, Eric, Eric Trump’s, Steve Witkoff, ” Mr, Witkoff, Adam Gray, Jack Smith, Washington, Tanya Chutkan, Manhattan, Mark Pomerantz, Alvin L, Bragg, Michael D, Cohen, “, President Biden, Stephen K, Bannon, Alvin Bragg, Emil Salman, Biden, ” Neil Newhouse, Republican pollster, ”, Newhouse, —, J.D, Vance, MAGA, Robert De Niro, De Niro, ” Ruth Igielnik Organizations: Trump, Republican National Convention, Credit, The New York Times, Democratic, Capitol, Republican, Senate, Republicans, Trump . Credit, Mr, New York Times, Quinnipiac University, “ Voters, Fox, stoke, Biden Locations: Manhattan, Florida, Georgia, New York, U.S, Trump ., Siena, Ohio, Lower Manhattan

☆ Sports Gambling Scandals Will Only Get Worse - The New York Times
▼ + stars: | 2024-05-31 | by ( Leigh Steinberg | ) www.nytimes.com time to read: +1 min

Some of the biggest scandals in sports history have revolved around players and gambling. Pete Rose is barred for life from baseball, in an agreement stemming from admissions of gambling. These aren’t just hypothetical concerns: Jontay Porter, a center for the Toronto Raptors, was recently barred for life from the N.B.A. As the new baseball season was starting, federal prosecutors said the interpreter for the star pitcher Shohei Ohtani had stolen millions from Mr. Ohtani to pay off gambling debts to an illegal sports bookie. Major League Baseball is investigating Mr. Ohtani’s former teammate David Fletcher over allegations that he placed bets with the same bookie.

Persons: Pete Rose, Jontay Porter, Shohei Ohtani, Ohtani, Ohtani’s, David Fletcher Organizations: Black Sox, Toronto Raptors, Major League Baseball

☆ Borussia Dortmund and the Idea That Anything Is Possible
▼ + stars: | 2024-05-31 | by ( Rory Smith | ) www.nytimes.com time to read: +1 min

Not quite five years ago, while he was on international duty with Germany, Can’s phone rang. On the other end of the line was an executive with Juventus, the Italian team he had joined the previous season. They had what might be described as a curt conversation, though either one of those words might be pushing it. He had turned down the chance to leave Juventus because he believed he would play in the Champions League, he said. And now he had been told he would not, in a “phone call that did not even last a minute.”

Persons: —, — Emre, curt, Maurizio Sarri, ” Organizations: Borussia Dortmund’s, unlikeliest Champions, Wembley, Juventus, Champions League Locations: Germany

☆ What Is Fair Housing?
▼ + stars: | 2024-05-31 | by ( Debra Kamin | ) www.nytimes.com time to read: +1 min

A federal fair-housing law prohibits discrimination in housing based on race, ethnicity, religion and other factors, like gender identity and disability. President Lyndon B. Johnson signed the Fair Housing Act on April 11, 1968, days after the Rev. The law, initially focused on racial discrimination, was the linchpin of the broader Civil Rights Act of 1968 and was later expanded to include other factors. Yet complaints of discrimination remain about everything from prejudiced home appraisals to racial steering. In 2022, there were more than 33,000 fair housing complaints received by organizations across the country.

Persons: Lyndon B, Johnson, Martin Luther King Jr Organizations: Civil, Newsday, National Fair Housing Alliance

☆ Analysis: Trump conviction heralds a somber and volatile moment in American history
▼ + stars: | 2024-05-31 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

“Today’s verdict does not change the fact that the American people face a simple reality,” said campaign communications director Michael Tyler. Convicted felon or not, Trump will be the Republican nominee for president,” Tyler said. Supporters hold placards and flags following the announcement of the verdict in Trump's criminal trial. Or, the guilty verdict could play into Biden’s campaign theme that his predecessor is too corrupt and extreme to serve as president again. In another age, a guilty verdict would have immediately ended Trump’s campaign.

Persons: Donald Trump’s, ” Trump, foreperson, Trump, “, Joe Biden’s, ”, Michael Tyler, Donald Trump, ” Tyler, he’s, he’ll, he’d, jubilation, He’s, Biden, Andrew Kelly, ignominy, Timothy Naftali, ” Naftali, Stormy Daniels, —, Attorney Alvin Bragg, Prosecutors, Michael Cohen, Todd Blanche, CNN’s Kaitlan Collins, Eric Trump, Justin Lane, Elise Stefanik, Joe Biden, ” Stefanik, Mike Johnson, South Carolina Sen, Lindsey Graham, ” Graham, Larry Hogan, who’s, ” Hogan, Chris LaCivita, hasn’t Organizations: CNN, Trump Tower, Republican, Republican National Convention, Reuters, Trump, Manhattan, Attorney, Manhattan Criminal, New York, GOP, ”, Louisiana Republican, Senate, “ Locations: United States, New York, York, America, South Carolina

☆ Trump’s conviction: The former US president is trending on Chinese social media, and many are rejoicing
▼ + stars: | 2024-05-31 | by ( Nectar Gan | ) edition.cnn.com time to read: +4 min

And as China woke up Friday to the news of Trump’s conviction on 34 felony counts of falsifying business records, the country’s heavily censored social media lit up. Under leader Xi Jinping, China’s most assertive leader in decades, the country’s social media platforms have become increasingly dominated by anti-American, nationalistic voices. Second, can he still run for president?”But analysts say Trump’s conviction could be a tricky topic for Chinese state propagandists to navigate. So far, Chinese state media outlets have yet to publish the kind of blistering commentaries that previously appeared alongside news coverage of Trump’s legal entanglements. Alfred Wu, an associate professor at the Lee Kuan Yew School of Public Policy at the National University of Singapore, said China’s state media is unlikely to play up the coverage in the days ahead.

Persons: Donald Trump, it’s, Communist Party —, China’s, “ Trump’s, ”, Trump, Chuan Jianguo, “ Trump, influencers, Xi Jinping, –, Hu Xijin, “, Bill Bishop, Alfred Wu, Lee, they’re, Wu Organizations: CNN, Communist Party, Xinhua, Washington, Global Times, Lee Kuan Yew, of Public, National University of Singapore Locations: China, United States, Weibo, Beijing, America

☆ A major student-loan company has 'illegally' tried to collect payments from borrowers whose balances were already wiped out through bankruptcy, a federal watchdog alleges in a new lawsuit
▼ + stars: | 2024-05-31 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Read previewA federal consumer watchdog just hit a major student-loan company with a new lawsuit. According to the press release, the CFPB accused PHEAA of illegally collecting payments from student-loan borrowers whose loans had already been discharged in bankruptcy and sending "false information" to credit reporting agencies. The lawsuit, filed in the US District Court for the Middle District of Pennsylvania, said that under the US bankruptcy code, some private student loans are not subject to the stringent standards that most student loans are when it comes to receiving relief through bankruptcy. Per the CFPB, American Education Services collected or tried to collect 7,934 private student loans after a bankruptcy proceeding between 2017 and 2021, and 177 of them were non-qualified education loans. AdvertisementThe CFPB has previously issued guidance over potential illegal collections of borrowers' payments after bankruptcy proceedings.

Persons: —, PHEAA, Rohit Chopra Organizations: Service, Consumer Financial, Bureau, Pennsylvania Higher Education Assistance Agency, American Education Services, Financial, Business, Court, Middle, Middle District of Locations: Middle District, Middle District of Pennsylvania

☆ Fox News and right-wing media have already decided the Trump trial verdict
▼ + stars: | 2024-05-30 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

New York CNN —The jury might still be deliberating, but Donald Trump’s media allies have already delivered a verdict to their audiencesThroughout the duration of the Manhattan hush-money trial, Fox News and the rest of MAGA Media have set the stage to absolve Trump in the historic case. Inside this alternate media universe, the actual facts of the case never penetrate the bubble that shields its audiences from detrimental developments for Trump. In the Republican Party, voters absorb their information from outlets like Fox News, which has dishonestly run defense for Trump over the course of the trial. And the study only accounted for Fox News, not the host of other entities that make up the right-wing media universe. It can be tempting to ignore the torrent of attacks Trump’s media allies are launching in their unrelenting efforts to undermine the case.

Persons: Donald Trump’s, Trump, Sean Hannity, Laura Ingraham, Steve Bannon, Joe Biden, nefariously, ”, Biden, Trump’s, it’s, Michael Cohen, David Pecker, “, Judge Juan Merchan, Attorney Alvin Bragg, Jesse Watters, Merchan, — Organizations: New York CNN, Fox News, MAGA Media, Trump, GOP, National Enquirer, Republican Party, Fox, Manhattan, Attorney, Media Matters Locations: New York, Manhattan

☆ I refuse to pay my daughter's college tuition even though I made over $500,000 last year
▼ + stars: | 2024-05-30 | by ( Robin Madell | ) www.businessinsider.com time to read: +6 min

Despite this income, my husband and I have not agreed to — nor do we plan to — pay for the college tuition of our oldest daughter, a sophomore at the University of Iowa. To be fair, we've decided that we, as parents, don't get to choose which college our children attend. With rising tuition costs, my husband and I think it's essential to evaluate whether the outcomes in terms of ROI justify the financial outlay for college. Committing to paying for one child's college education means we must do the same for all of them to maintain fairness. Evaluating whether to pay for our kids' college tuition was a challenging decision, but it's rooted in our desire to foster autonomy, responsibility, and financial prudence.

Persons: —, Andrea Mac, It's, I've, we've, don't, we're, they've, We've, We're Organizations: Service, University of Iowa, Business Locations: Greater Chicago

☆ I made over $500,000 last year, but I refuse to pay for my daughter's tuition. It's not a decision I made lightly.
▼ + stars: | 2024-05-30 | by ( Robin Madell | ) www.businessinsider.com time to read: +6 min

Despite this income, my husband and I have not agreed to — nor do we plan to — pay for the college tuition of our oldest daughter, a sophomore at the University of Iowa. If they spent our money on tuition, we'd need a say in that decision. This decision aligns with our commitment to avoid debt and maintain a healthy financial position, which benefits our entire family. Committing to paying for one child's college education means we must do the same for all of them to maintain fairness. Evaluating whether to pay for our kids' college tuition was a challenging decision, but it's rooted in our desire to foster autonomy, responsibility, and financial prudence.

Persons: —, Andrea Mac, It's, I've, we've, don't, we're, they've, We've, We're Organizations: Service, University of Iowa, Business, Investment Education Locations: Greater Chicago

☆ Fast-fashion behemoth Shein is preparing for an IPO. Here's an inside look at the challenges it could face.
▼ + stars: | 2024-05-30 | by ( Tasmin Lockwood | Riddhi Kanetkar | ) www.businessinsider.com time to read: +11 min

Its peak $100 billion valuation once made it the world's third largest privately-held company, behind TikTok owner Bytedance and Elon Musk's SpaceX. Estimates have pegged Shein's IPO valuation at around $90 billion, Bloomberg reported last year. AdvertisementTo gauge what happens to some Shein items once they're returned, BI reporters in the UK put two AirTag trackers on Shein garments and sent them back. Shein is more directly involved in production and focuses on clothes, but Temu's popularity "could affect the valuation," Swartz said. In a November statement following the news of Shein's IPO, chairman Mike Gallagher urged investors and banks underwriting the move to "carefully examine Shein's regulatory and compliance programs."

Persons: —, Bytedance, Sky Xu, Yangtian Xu, Chris, Shein, confidentially, David Swartz, Swartz, Lululemon, JADE GAO, Stephanie Benedetto, Queen, Benedetto, they're, Shein's, Morningstar's Swartz, Temu, Mike Gallagher Organizations: Service, Elon, SpaceX, Business, Reuters, Authentic Brands, Wall Street, CNBC, Bloomberg, Morningstar, Zurich Insurance Group, Guardian, BI, Coventry Airport, SEC, Street, Financial Times, London Stock Exchange, Chinese Communist Party, Nike, Adidas Locations: China, —, Singapore, Sequoia China, London , Hong Kong, York, London, Canary Wharf, Coventry, Walsall, Northern Ireland, England, Kent, Washington, Xinjiang, Dublin, Shein

☆ Elon Musk has been getting Trumpier. A direct line to Trump may be next
▼ + stars: | 2024-05-30 | by ( Clare Duffy | Brian Fung | ) edition.cnn.com time to read: +9 min

CNN —Elon Musk has sought to accumulate political capital commensurate with his extravagant wealth. Musk has discussed advising Trump should he win the 2024 election, the Journal reported, citing unnamed sources. Musk called Trump directly via cellphone to explore a role that could potentially give Musk significant influence over US policies. Reporting that Musk and Trump’s relationship has improved comes after Musk’s politics have become more aligned with Trump’s. For Musk to have a direct, private line to a future President Trump “would seem to be a blatant conflict of interest,” said Darrell West, a senior fellow in the governance studies program at the Brookings Institution.

Persons: CNN — Elon Musk, Musk, Donald Trump, Trump, Brian Hughes, –, Andrew Harnik, ”, Darrell West, ” West, Herika Martinez, —, Donald Trump’s, Biden, Ron DeSantis, Robert Kennedy , Jr, Paul Pelosi, Hillary Clinton, White supremacists, Imran Ahmed, X, CCDH, Donie O’Sullivan Organizations: CNN, Republican, Wall Street, Trump, SpaceX, Tesla, Brookings Institution, Securities and Exchange Commission, Federal Trade Commission, Traffic Safety Administration, Justice Department, Migrants, US Border Patrol, AFP, Getty, Twitter, US, Republican Florida, Politico Locations: Paris, El Paso , Texas, Ciudad Juarez, Chihuahua State, Mexico

☆ A national network of local news sites is publishing AI-written articles under fake bylines. Experts are raising alarm
▼ + stars: | 2024-05-30 | by ( Hadas Gold | ) edition.cnn.com time to read: +10 min

But a closer look at the bylines populating the local site and a national network of others — Sarah Kim, Jake Rodriguez, Mitch M. Rosenthal — reveals a tiny badge with the words “AI.” These are not real bylines. The outlet, Hoodline, is not the first or only news site to harness AI. Sports Illustrated deleted several articles from its website after they were found to have been published under fake author names. Keeping local news aliveOn Hoodline’s network of local news sites, it is difficult to find an article not written by the software. But the transformation at Hoodline shows that bigger solutions are needed to keep vital local news reporting alive.

Persons: Sarah Kim, Jake Rodriguez, Mitch M, Rosenthal —, ”, Hoodline, ” Zachary Chen, ” Chen, “ Nina, Mark Graham, Peter Adams, “, ” Adams, Chen, Danielle Coffey, ” Coffey, That’s, Felix Simon, ” Simon, Simon, Benjamin Toff, Hoodline San Francisco ’, Nuala, ” Bishari Organizations: CNN, Media, Tech, Gannett, Internet, Wayback Machine, News Literacy, LinkedIn, Media Alliance, News Corp, Reuters Institute for, Journalism, University of Oxford, Research, University of Minnesota, San Francisco Chronicle Locations: embarrassments, San Francisco, Philippines, Hoodline San

☆ AI cancer screening programs are booming, but you'll likely have to pay for them yourself
▼ + stars: | 2024-05-30 | by ( Bertha Coombs | ) www.cnbc.com time to read: +6 min

watch nowArtificial intelligence for cancer screening has taken off. So, it is quite a challenge," said Brittany Berry-Pusey, CEO of AI screening startup Avenda Health. Nearly 600 of them have been radiology AI applications approved in the last five years. Thorwarth wrote that AI reimbursement is complex and establishing billing codes for every approved AI tool is "problematic." RadNet's executives compare the process with AI screening to the radiology industry's experience with digital breast Tomosynthesis, known as 3D mammography.

Persons: Brittany Berry, Pusey, Porte, Julien De Rosa, Berry, William Thorwarth, Thorwarth, mammography, Rodrigo Cerda, Cerda, RadNet, Greg Sorensen, RadNet's, Sorensen Organizations: FDA, Food and Drug Administration, Porte de, Afp, Getty, American Medical Association, American College of Radiology, Centers, Medicare, Medicaid Services, CNBC, Artificial Intelligence, Blue Cross Locations: Paris, New Jersey

☆ Your guide to Wall Street analyst research and how to use it like the investing pros
▼ + stars: | 2024-05-30 | by ( Scott Schnipper | ) www.cnbc.com time to read: +10 min

Wall Street sell-side research is a key part of the financial markets, written by analysts working for brokerage firms, investment banks and other institutions. Research reports An analyst's published research report might include a company overview with basic information about a company's business, products and position in the relevant market. This is especially true when an analyst is first initiating research coverage into a particular company or industry. Analyst recommendations affect stock prices every day , especially if an analyst or her firm is highly reputable or believed to hold expertise in a particular area. Contrarian indicators Analyst recommendations can occasionally act as a contrarian indicator , too.

Persons: Merrill Lynch, Henry Blodgett, Merrill Organizations: Research, Wall, Sarbanes, Oxley, Global, Securities and Exchange Commission, National Association of Securities Dealers, CNBC Pro Locations: Sarbanes

☆ Jadon Sancho: Borussia Dortmund star speaks to CNN about looking for Wembley redemption in Champions League final
▼ + stars: | 2024-05-30 | by ( Zayn Nabbi | Darren Lewis | ) edition.cnn.com time to read: +6 min

CNN —Borussia Dortmund star Jadon Sancho is the first to admit “it’s kind of crazy” the way his season has panned out. “It’s kind of crazy, you know, I don’t think anyone would have expected this – me being in the Champions League final, especially where I came from. I don’t think I’ve fully recovered yet on that part, but I’m trying my best to get over that,” Sancho admitted to CNN Sport. Sancho proved a constant threat against PSG throughout the two legs of the Champions League semifinal. The last player to better that mark in the Champions League?

Persons: Jadon Sancho, Die, “ I’m, ” Sancho, Darren Lewis, it’s, I’ve, –, I’m, Sancho –, Saka, Marcus Rashford –, he’d, Sancho, Richard Heathcote, Germain, Lionel Messi, “, ”, Cristiano Ronaldo, idolizing, Jude Bellingham, Alexandre Simoes, Vinícius Jr, Kylian Mbappé, Harry Kane, “ Harry Kane, Bayern Munich, “ Vinícius, Jude, “ Mbappé, Blancos, He’s Organizations: CNN — Borussia Dortmund, Champions League, Manchester United, European, Wembley, CNN, “, Borussia Dortmund, CNN Sport, United, FA, Brighton, PSG, Getty, Paris Saint, Tottenham, RB Leipzig, Real Madrid, La Liga, Ballon, Bayern, League Locations: Dortmund, London, South, Camberwell, Kennington, Italy, Germany, Bellingham, Berlin, England, Mbappé, Spanish

☆ Opinion: May is the month when we honor Asian Americans. Here’s what a lot of people get wrong
▼ + stars: | 2024-05-30 | by ( Opinion Regina Kim | ) edition.cnn.com time to read: +7 min

CNN —As we near the end of Asian American, Native Hawaiian and Pacific Islander (AANHPI) Heritage Month, I can’t help but feel a bit disappointed. Regina Kim Courtesy Regina KimBut too often, efforts to honor the contributions of Asian Americans, however well-intentioned, fall short because people fail to differentiate between Asian Americans and Asian communities outside the US. A recent study by the Asian American Foundation found that over half of Americans can’t name a single famous Asian American. This may be one reason why so many Americans can’t name any Asian Americans of note. The media needs to make a conscientious effort to seek out, identify and spotlight Asian Americans — and not just during AANHPI Heritage Month.

Persons: Regina Kim, Peggy Gou —, AAPI, “, Mark Tuan, Audrey Nuna Michael Hickey, Laufey, who’ve, Daniel Anderson, Peggy Gou, Ali Wong Elyse Jankowski, Kat Turner, Sun, ” Turner, Steven Yeun Gregg DeGuire, wasn’t, Jackie Chan, Michelle Yeoh, Lulu Wang Michael Kovac, Mindy Kaling, Kevin Mazur, Lee Jung, jae, ” Oscar, Bong Joon Ho, Lulu Wang, ”, —, Steven Yeun, Bruno Mars, Olivia Rodrigo, Sarah Kinsley, Lyn Lapid, Audrey Nuna Organizations: Forbes, CNN, Billboard, AAPI, American, AANHPI, America, South, Korean, Asian American Foundation, Globe, Twitter, Facebook Locations: Hawaiian, American, “, Korean, Europe, America, Asia, Icelandic, South Korean, Hong Kong, Malaysian, keshi

☆ U.S. Accuses Hyundai and Two Other Companies of Using Child Labor
▼ + stars: | 2024-05-30 | by ( Santul Nerkar | More About Santul Nerkar | ) www.nytimes.com time to read: +1 min

The Labor Department said that through the employment of children at its supplier, Hyundai was in violation of the “hot goods” provision of the Fair Labor Standards Act, which prevents the interstate commerce of goods “that were produced in violation of the minimum wage, overtime or child labor provisions” of that law. “Companies cannot escape liability by blaming suppliers or staffing companies for child labor violations when they are in fact also employers themselves,” said Seema Nanda, the Labor Department’s chief legal officer, in a statement Thursday. The suit comes after investigations by Reuters and The New York Times documented the use of child labor by the suppliers of car companies. In 2022, Reuters found that Smart Alabama had used child labor at its facility, and that Kia, which is part of the same South Korean conglomerate as Hyundai, had also used child labor in the South. The United Automobile Workers union has said it hopes to organize workers at Hyundai’s Montgomery plant.

Persons: ”, Seema Nanda Organizations: Smart, Best Practice Service, Labor Department, Hyundai, Fair Labor, Act, Labor, Reuters, The New York Times, Smart Alabama, Kia, The Times, General Motors, Ford Motor, The United Automobile Workers Locations: South Korea, Georgia, Hyundai’s Montgomery

We asked seven pro investors to identify the best trades of their careers and explain how the lessons from those decisions still apply today. The CBOE Volatility Index, also known as the VIX, shot above 40, essentially meaning traders were betting that the stock market would be exceptionally rocky over the following month. Jeff Muhlenkamp, lead portfolio manager at Muhlenkamp & CompanyJeff Muhlenkamp Muhlenkamp & CompanyJeff Muhlenkamp's namesake Muhlenkamp Fund (MUHLX) has been in the top 3% of its category in the past half-decade, thanks to trades like one he pulled off on Chinese internet firm Baidu (BIDU). "I pretty much expected, 'OK, if I get a double out of this in five years, I'll be happy' — that's pretty decent money," Muhlenkamp said. He noted that industrials within the Russell Mid Cap value index have returned 116% over the previous five years.

Persons: —, That's, Michael Burry, Warren Buffett, Berkshire, Rob Arnott, Tim Boyle, Arnott, I'd, Bob Elliott, Bob Elliott's, Elliott, Jeff Muhlenkamp, Jeff Muhlenkamp Muhlenkamp, Jeff Muhlenkamp's, Muhlenkamp, you've, Sona Menon, Cambridge Associates Sona Menon, Bryant VanCronkhite, Allspring Bryant VanCronkhite Allspring Bryant VanCronkhite, VanCronkhite, Russell, industrials, James Davolos, Davolos, George Patton, Harley Bassman, Harley Bassman's, Bassman, Merrill Lynch, I'm Organizations: Service, American Express, Business, Research, Bloomberg, Getty, Bridgewater Associates, Treasury, Securities, Muhlenkamp, Baidu, Google, North, Cambridge Associates, Allspring, Horizon Kinetics, Opportunities Fund, Credit Suisse Locations: industrials, West Africa, New York City, Guinea

Here's a rapid-fire update on all 33 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Below $200 a share is the level we'd get interested in buying more Salesforce stock, Jim said. The industrial name will continue to be a beneficiary of the AI trade due to Eaton's booming data center business. Alphabet : If this mega-cap name experiences a move lower, investors should scoop up shares, Jim said. Nvidia : There's not much more to say about Nvidia in light of another blowout earnings report and the strong guidance accompanying it.

Persons: Jim Cramer's, Jim, Apple's, Goldman Sachs, Salesforce, We've, Danaher, he'd, Walt Disney, We're, Estee Lauder, Eaton, Ford, Motors, Mary Dillon's, It's, Linde, Eli Lilly, Mark Zuckerberg's, Morgan Stanley, we're, Stanley Black, we've, Wynn, Jim Cramer, Michael M Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Abbott Laboratories, Abbott Labs, Amazon Web Services, Broadcom, Dell, Samsung, Costco Wholesale, Coterra Energy, DuPont De Nemours, DuPont, The, Eaton, Ford, GE Healthcare, Honeywell, Jim, Linde, Microsoft, Nvidia, Palo Alto Networks, Palo Alto, Change, Procter & Gamble, Constellation Brands, Constellation, Modelo, Corona, Federal Reserve, TJX, Marshalls, Wynn Resorts, Jim Cramer's Charitable, Traders, New York Stock Exchange, Santiago, Getty Locations: China, Dover, Eaton, U.S, Maxx, HomeGoods, Wells Fargo, Macau, New York City

☆ Opinion: Trump verdict is a pyrrhic victory for Democrats
▼ + stars: | 2024-05-30 | by ( Opinion Cnn Contributors | ) edition.cnn.com time to read: +14 min

CNN —CNN Opinion asked our contributors to weigh in on Trump’s conviction on 34 counts of falsifying business records. Are there really that many voters whose view of Trump as a man, or politician, could be altered by bookkeeping irregularities? How many would-be Trump voters will be swayed against him because of miscategorized business expenses? Instead of validating Trump’s narcissism, Democrats should turn the camera away from Trump and toward the American people. Democrats should make the case that Trump’s policies would decimate the middle class and that ought to be a (metaphorical) crime.

Persons: Patrick Brown, Patrick T, Brown, —, Trump, Attorney Alvin Bragg, ”, Biden, Robert De Niro, Stacy Schneider, Rikers Stacy Schneider, Juan Merchan, Donald Trump, I’ve, Trump’s, There’s, ” Timothy C, Tim Parlatore Tim Parlatore, Michael Cohen’s, Karen McDougal, Daniels, today’s, Timothy C, Paul Begala, ’, Roe, Wade, kowtowing, Vladimir Putin, Bill Clinton’s, Clinton, Jennifer Rodgers, Judge Juan Merchan, Prosecutors, Donald Trump’s, Merchan, Will, it’s, they’d, he’d, “, Joey Jackson, Donald, Michael Cohen, Cohen, Cohen’s Organizations: CNN, Progressives, Trump, haven’t, Attorney, Republicans, Public Policy Center, Economic, Parlatore Law, LLP, Navy, Paul Begala CNN, Social Security, Democratic, Manhattan, NYU School of Law, Columbia Law School, Republican Party, GOP, Team Trump Locations: Manhattan, Washington , DC, New York, Trump, Russian

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