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Li, 27, is part of a growing base of Chinese workers swapping high-pressure office jobs for flexible blue-collar work. But these firms are slowly losing their appeal as China’s economy faces headwinds including a property crisis, declining foreign investment and slumping consumption. The trend to move from professional to manual jobs comes amid surging demand for blue-collar workers, according to Chinese recruitment platform Zhaopin. And blue-collar workers’ pay has also gone up, attracting more people to jobs they might have previously avoided. Pressure of another kindBut some wonder if blue-collar work is truly the stress-free refuge people like Li and Wang imagine it to be.
Persons: Hong Kong CNN — Leon Li, , Li, , Alice Wang, Wang, , Larry Hu, Zhang Yuxiao, David Goodman, commenter Organizations: Hong Kong CNN, CNN, National Bureau of Statistics, Workers, NBS, University of Sydney’s China Studies Centre Locations: China, Hong Kong, Hangzhou, Chengdu, , Macquarie, Shanghai
The soaring number of unlawful entries at the southern border was always going be a central part of the 2024 presidential campaign. On the campaign trail, former President Donald J. Trump has been showcasing a chart showing a rising mountain of migrant encounters at the border under President Biden. Greg Abbott of Texas got big cheers for his vow to continue busing migrants to liberal cities. But amid the heightened rhetoric, the reality on the ground has recently changed. There were 83,000 apprehensions of migrants last month, according to official data, down significantly from 117,000 in May.
Persons: Donald J, Trump, Biden, Greg Abbott Organizations: Republican National Convention, Gov, Texas, U.S . Customs, Border Protection Locations: U.S
Former President Donald J. Trump began his prime-time speech at the Republican National Convention on Thursday with a message of unity, presenting a softer image of himself that appeared aimed at courting undecided voters. But then he went on for an hour and a half, a long verbal walk through the kinds of exaggerations about his record and attacks on Democrats that have become familiar to voters from Mr. Trump’s previous two campaigns and presidency. For a group of undecided voters from around the country, who are sharing their thoughts on key moments in the race with The New York Times, the effect was not strong. Some found the speech off-putting. “I still don’t know what I’m going to do,” said Sharon Reed, 77, a retired teacher-turned-farmer in rural Pennsylvania who previously voted for Mr. Trump but is torn this year.
Persons: Donald J, Trump, Trump’s, , , Sharon Reed Organizations: Republican National Convention, New York Times, Mr Locations: Pennsylvania
Giuliani only appears to have a portion of that amount in his personal bank account, which keeps being depleted to pay other bills, Wednesday’s federal court proceedings in White Plains, New York, revealed. Giuliani has been slow to disclose what cash he has on hand in liquid accounts, and hasn’t been fully transparent, the judge has found. Last Friday, Giuliani’s bankruptcy protection ended, and creditors such as the 2020 election workers Ruby Freeman and Shaye Moss ​are now able to pursue his $10 million net worth. He told Giuliani’s lawyers they had until Thursday at “high noon; that’s appropriately theatrical” ​to notify the court of a plan for Giuliani to resolve his bills. “If your client persists in this course of action, there are a lot of bad things that can happen,” Lane told Giuliani’s attorneys on Wednesday.
Persons: CNN — Rudy Giuliani, Giuliani, hasn’t, Rachel Strickland, , ” Strickland, Ruby Freeman, Shaye Moss, Moss, Freeman, , , Sean Lane, Lane, ” Lane, Heath Berger, Gary Fischoff, Donald Trump, CNN’s Kaitlan Collins, Ted Goodman, Giuliani “, Goodman, ” Trump Organizations: CNN, Republican National Convention, New, Amazon, Apple, Giuliani, Milwaukee, GOP, New York’s LaGuardia Locations: White Plains , New York, Georgia, New York City, York, Florida, Milwaukee, New York, Palm Beach , Florida, New
Read previewBefore his 2019 death in jail, Jeffrey Epstein spent hours being interviewed on camera by Steve Bannon. AdvertisementAlexandra Preate, a spokesperson for Bannon, told BI in December 2021 that the documentary about Epstein would be screened "probably around Labor Day." In the 2000s, Trump and Jeffrey Epstein fought over Trump's purchase of a Palm Beach mansion that Epstein coveted. Mark Epstein said Jeffrey Epstein told him he wasn't subpoenaed for any depositions at that time. "You were the only person I was afraid of during the campaign," Bannon told Epstein, according to Wolff's book.
Persons: , Jeffrey Epstein, Steve Bannon, Bannon, Epstein, Ghislaine Maxwell, Epstein —, Donald Trump's, He's, Kevin McCarthy, Alexandra Preate, Preate, Trump Bannon, Mark Epstein, Jeffrey Epstein's, Donald Trump, Melania Knauss, Jeffrey, Trump, Bannon's, Steve Bannon's, Jacob Shamsian, wasn't, would've, Brett Kavanaugh, Kavanaugh, he's, Mike Lindell, I've, It's, Guo Wengui, Guo —, Ho Wan Kwok, Miles Guo —, Guo, Leon Black, Black, Epstein's, David Bossie, Bobbi Sternheim, Gloria Allred, Arick Fudali, didn't, David Schoen, Brad Edwards, Emma, Jo Morris, Hunter, Morris, Michael Wolff, Wolff, Julie K, Brown, Alexander Acosta, Acosta, Ehud Barak, Reid Weingarten, Rachel Maddow, Gayle King, King, Patrick Semansky, he'd, Diana, Jean Carroll, Bergdorf Goodman, Carroll Organizations: Service, New York, Business, Global, Victory Films, Trump, Capitol, Labor, Daily, Miami Herald, Davidoff, BI, Voting Systems, Apollo Global Management, White, Citizens United, Office, Southern, of, New, Trump White Locations: Manhattan, Paris, Palm Beach , Florida, Mexico, Danbury , Connecticut, Palm Beach, New York, jshamsian@businessinsider.com, JacobShamsian, York, Miami, Florida, Trump
Houston is no stranger to natural disasters, but living through two crippling power outages in two months has driven some in the city to consider what may be the ultimate evacuation plan: moving out. The more powerful of the storms, Hurricane Beryl, devastated the power infrastructure over nearly the entire city. When it hit, thousands of people were already living in shelters and hotels, according to state officials, because they had been displaced by an earlier weather event, the spring thunderstorms that caused wind damage and flooding. Everyone knows how long it took to get their power back from the first big storm — and when they lost it again. In many cases, of repairs to homes that were damaged in the major May storm had yet to be finished when Beryl arrived as a Category 1 hurricane.
Persons: Hurricane Beryl, Beryl Organizations: Houston Locations: Hurricane, Houston
AdvertisementPeople with an unhealthy gut microbiome might experience symptoms such as diarrhea, constipation, bloating, and excess wind, he said. Because of this wide-reaching impact, commercial companies are racing to roll out products claiming to boost our gut health, from yogurt to "gut-friendly" soda. AdvertisementBelow, top gut health researchers break down the ways that our gut affects our health. Mental healthThere's strong evidence that a good diet is linked to better mental health, brain health, and mood, likely because it promotes a healthy gut microbiome, Spector said. The benefits of gut health likely stretch even furtherThere's lots of emerging research that suggests the reach of the gut microbiome extends even further, too.
Persons: , Tim Spector, ZOE, Goodman, Gabrielle Morse, Morse, Spector, Max Nieuwdorp Organizations: Service, Oxford, Stanford, UCLA, King's College London, Business, Luskin, Health Clinic, Research, Harvard Medical School Locations: Arpana
When the power goes out in Houston, some neighborhoods are filled with the sound of gas-powered backup generators, creating an instant sonic guide to the city’s social divisions. In wealthier parts of the city, the sheer number of generators can create a pervasive roar. In other neighborhoods, there is a low rumble from a handful of machines — or just one. “My neighbor has it just for his fridge,” said Theresa Del Bosque, 62, describing the rare home in her north Houston area with a generator. “Most people cannot afford it.”With around a million customers still without power on Thursday, more than three days after Hurricane Beryl tore through the city, the question of who has a generator, and who can get one, has become an urgent one.
Persons: , Theresa Del Bosque, Beryl Locations: Houston
Keeping the case in bankruptcy court would inevitably lead to Giuliani hiding his assets and being charged with bankruptcy crimes, Strickland said. AdvertisementGiuliani's attorneys appeared in person in Manhattan's bankruptcy court for the hearing, but Giuliani himself called in by phone. "Alright, someone's got a live microphone, and that's not a good situation," the bankruptcy judge said. "Your honor, this is the Rudolph Giuliani," Giuliani said amid the static of his phone. AdvertisementThe judge said he'll probably dismiss Giuliani's bankruptcy caseWednesday's bankruptcy hearing comes at a major turning point for Giuliani's bankruptcy process — where he may actually score a major legal win.
Persons: , Rudy Giuliani, Rachel Strickland, Giuliani, Strickland, Ted, Ted Goodman, someone's, that's, Sean H, Lane, Rudolph Giuliani, Gary Fischoff, Fischoff, he'll, Giuliani's, defaming Ruby Freeman, Wandrea Moss, Noelle Dunphy, Ruby Freeman, Jacquelyn Martin, Freeman, Moss, we've, Philip Dublin, Dunphy, Dominion —, liquidating, Justin Kelton, Donald Trump Organizations: Service, Business, defaming, Voting Systems, Capitol, AP, New, New York City, Dominion Locations: Georgia, Washington ,, New York, Arizona
The sun felt hotter than usual in Houston this week, as millions of sweltering residents emerged from the rapid thrashing of Hurricane Beryl to face a prolonged power outage — the largest ever seen by the city’s utility, according to the state’s lieutenant governor. The outages from the storm affected as many as 2.7 million customers across the state, mostly in and around Houston. Despite a promise by the utility, CenterPoint Energy, to restore power to one million customers by the end of the day on Wednesday, large swaths of the nation’s fourth-biggest city remained without power. The scale of the outages raised questions about whether enough had been done to prepare the city, just 50 miles from the Gulf Coast, for the kinds of storms that climate scientists predict will arrive with greater frequency. “For a Category 1 hurricane to result in over a million customer outages in its immediate aftermath demonstrates that there is plenty of need for the resiliency hardening investments,” said Wei Due, an energy expert with PA Consulting and a former senior analyst and engineer for Con Edison.
Persons: Beryl, , Wei, Con Edison Organizations: CenterPoint Energy, PA Consulting Locations: Houston, Gulf
When comparing personal wealth data with homeownership, a curious pattern emerges: Many states with high homeownership rates have lower income levels and vice versa. According to Federal Reserve data, West Virginia’s average personal income of $52,585 per capita is the second-lowest in the US. However, despite its relatively low personal income levels, it has the highest homeownership rate of all 50 states, at 77%, according to US census data. Mississippi—the only state with a lower average personal income than West Virginia—has the third-highest homeownership rate in the country. Even West Virginia, which counts three out of every four housing units in the state as owner-occupied, isn’t insulated, Sansalone said.
Persons: Vera Sansalone, Sansalone, , , ” Sansalone, West Virginia —, Mike Simonsen, Loren Elliott, Simonsen, They’re, ” Simonsen, Laurie Goodman, ” Goodman, Eric Adams, ” Adams, Stephanie Moulton, ” Moulton, “ We’ve Organizations: CNN, Federal Reserve, West Virginia, Research, Housing, Center, Urban Institute, Republicans, New York City, Harvard University’s, for Housing Studies, Ohio State University Locations: West Virginia, Mannington, Boston, Mississippi, West, ” New York , California, Massachusetts, San Francisco , California, New York City, San Francisco, Manhattan, RentCafe, Washington DC, New York, Dallas
A day after Tropical Storm Beryl struck Houston with deadly force, flooding roads and highways and killing at least seven people in Texas and an eighth in Louisiana, officials were struggling to restore power for millions of residents as hot weather returned to the region. But the force of its winds still left Houston residents reeling for the second time in two months after a deadly system of thunderstorms crashed through the city in May. The storm had sustained winds of 65 m.p.h. as it passed through Houston but also produced damaging, hurricane-force wind gusts above 80 m.p.h. Two of the confirmed deaths from the storm in the Houston area on Monday involved trees that fell into homes, crushing people inside.
Persons: Beryl Locations: Houston, Texas, Louisiana
Tropical Storm Beryl ripped a path of destruction through the heart of Houston on Monday, transforming roads into rivers, killing at least four people and knocking out power for more than two million customers across Texas. The storm, which made landfall early Monday as a Category 1 hurricane, weakened as it passed over the city and continued its swirling march north. But its relatively modest official strength undersold its power, local authorities said. As it churned through Houston, officials warned people to stay inside and away from windows, “as though there was a tornado coming your way,” Lina Hidalgo, the top official in Harris County, which includes Houston, cautioned residents. The center passed just to the west of the city, meaning Houston received some of the worst of the storm as it spun counterclockwise.
Persons: Beryl, ” Lina Hidalgo Organizations: Houston Locations: Houston, Texas, Harris County
CNN —People taking tirzepatide injections lost more weight and were more likely to reach specific weight loss targets than those taking semaglutide, according to a new study. But 82% of people taking tirzepatide reached this important clinical benchmark, compared with about 67% of those taking semaglutide. Average weight loss was also consistently higher among those taking tirzepatide over time. And by one year, average weight loss was nearly double for those taking tirzepatide — more than 11%, compared with about 6% for those taking semaglutide. According to the new study, individuals with type 2 diabetes had less significant weight loss than those without a diagnosis — but average weight loss was still greater among those taking tirzepatide.
Persons: tirzepatide, Eli Lilly, , Dr, Sanjay Gupta, CNN’s Brenda Goodman Organizations: CNN, US Food and Drug Administration, Novo Nordisk, semaglutide, FDA, CNN Health Locations: Truveta
New York CNN —Saks Fifth Avenue and Neiman Marcus are merging to create a luxury department store empire. “We’re thrilled to take this step in bringing together these iconic luxury names, Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman,” said HBC CEO Richard Baker in a release. Saks has 39 stores, while Neiman Marcus, which filed for bankruptcy in 2020, has 36 stores. Neiman Marcus also owns Bergdorf Goodman. Both of them will report to Baker, who becomes the executive chairman of Saks Global.
Persons: New York CNN —, Neiman Marcus, Bergdorf Goodman, “ We’re, , Richard Baker, Marc Metrick, Ian Putnam, Baker, Louis Vuitton, Michael Kors, ” Neil Saunders, , Amazon, Saunders Organizations: New, New York CNN, New York CNN — Saks Fifth, Saks, HBC, Saks Fifth, Saks Global, HBC Properties, Canadian, Brands, Neiman, Capri, GlobalData, Federal Trade Commission, FTC Locations: New York, Hudson’s, Glendale , California, Columbus , Ohio
CNBC Daily Open: UK Labour landslide election victory
  + stars: | 2024-07-05 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. UK Labour wins landslide victoryThe center-left Labour Party has won a landslide victory, ending 14 years of Conservative rule. Samsung shares climbed 2.84%, hitting their highest level since January 2021. Here are Evercore ISI's best stock ideas for the second half.
Persons: Keir Starmer's, Tony Blair's, Rishi Sunak, Brexiteer Nigel Farage, jeopardizing, Korea's Kospi, nonfarm payrolls, Saks, Neiman Marcus, Bergdorf Goodman Organizations: New York Stock Exchange, CNBC, Labour, Labour Party, Conservative, Keir Starmer's Labour, Party, Nikkei, Samsung, Samsung Electronics, CSI, S3 Partners, Saks Fifth, HBC, Saks, ISI Locations: May's
Saks Fifth Avenue parent HBC said on Thursday it will acquire Neiman Marcus Group in a $2.65 billion deal combining the storied retailers. The combination will establish Saks Global, which will include Saks Fifth Avenue, Saks OFF 5TH, Neiman Marcus' namesake department store chain and Bergdorf Goodman. "We're thrilled to take this step in bringing together these iconic luxury names," HBC CEO Richard Baker. "This is an exciting time in luxury retail," Baker added, citing technological advancements that can "redefine" the customer experience. Neiman Marcus Group CEO Geoffroy van Raemdonck called the partnership a "proactive choice in an evolving retail landscape."
Persons: Neiman Marcus, Bergdorf Goodman, We're, Richard Baker, Baker, Marc Metrick, Ian Putnam, Geoffroy van Raemdonck, what's Organizations: Saks Fifth, HBC, Saks Global, Saks, HBC Properties, Investments, Neiman
In a deal that shows just how hard things are getting in the luxury retail space, Saks Fifth Avenue's parent is purchasing rival department store company Neiman Marcus for $2.65 billion, The Wall Street Journal reported. Amazon — which has long tried to boost its luxury offerings as part of its "everything store" concept — and Salesforce are getting in on it, too, with both taking minority stakes in the new company, Saks Global. As e-commerce and the power of luxury conglomerates like LVMH and Kering have grown, department stores are facing diminishing returns. If not, rather than schlep back to the department store, why not go straight to the source, the Loewe boutique? It also makes the new company's leader — Marc Metrick, who runs Saks' e-commerce business — a natural choice.
Persons: Neiman Marcus, Taylor, Macy's, Bergdorf Goodman, Porter, Loewe, — Marc Metrick, Louis Vuitton, Gucci, Saint Laurent, Kering, Neimans, They've, Bernard Arnault's LVMH Organizations: Service, Saks Fifth, Street Journal, Saks Global, Loewe, Saks, Dior Locations: New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNYT's Peter Goodman: Pandemic exposed supply chain vulnerabilities, and they're still therePeter Goodman, New York Times global economics correspondent, joins 'Squwak Box' to discuss the supply chain woes of the pandemic and how to avoid them in the future, the answer to the vulnerabilities in the supply chain, and much more.
Persons: Peter Goodman, they're Organizations: New York Times
Read previewRudy Giuliani, the man once heralded as "America's Mayor" and a former federal prosecutor who made his name going after the mob, has been disbarred in his home state of New York. A New York appeals court ruled Tuesday that Giuliani, who served as a personal lawyer to former President Donald Trump, be disbarred "effective immediately" over his efforts to boost Trump's baseless 2020 election-fraud claims. Ted Goodman, a spokesperson for Giuliani, criticized the disbarment ruling in a statement to Politico and said Giuliani would appeal. AdvertisementGiuliani is facing criminal charges in Arizona and Georgia related to efforts to overturn the 2020 election results. Giuliani filed for Chapter 11 bankruptcy last year in New York days after he was ordered by a federal jury to pay $148 million to two Georgia election workers he defamed.
Persons: , Rudy Giuliani, Giuliani, Donald Trump, Donald J, Trump, Trump's, flagrantly, baselessly, Ted Goodman, Goodman Organizations: Service, Business, United, Politico Locations: New York, York, State, New York City, Arizona, Georgia
CNN —With another pricey Alzheimer’s disease treatment expected to receive an approval decision soon, the nonprofit Alzheimer’s Association has published the final version of its new diagnostic criteria for the disease. Together with another protein, tau, which makes fibrous tangles that block the communication of nerve cells, they are considered a hallmark of Alzheimer’s disease. “There’s no evidence for it,” said Dr. George Perry, a neurobiologist and editor of the Journal of Alzheimer’s Disease. Two members of the panel were employees of the Alzheimer’s Association, which also takes funding from pharmaceutical companies. Widera says he hopes that in the next round of guidelines, the Alzheimer’s Association will consider the risks involved.
Persons: There’s, , donanemab, , , George Perry, Adriane Fugh, Berman, haven’t, Maria C, Carrillo, Alzheimer’s, It’s, Eric Widera, Widera, it’s, Aduhelm, Karl Herrup, Clifford Jack, ” Jack, “ It’s, Niles Franz, ” Franz, Dr, Sanjay Gupta, Franz, ” Widera Organizations: CNN, Alzheimer’s Association, Food and Drug Administration, FDA, Georgetown University, University of California San, American Geriatrics Society, Abbott Labs, University of Pittsburgh School of Medicine, Mayo Clinic, Nature Medicine, federal National Institute, Aging, Alzheimer’s Association International, National Institute, National Institutes of Health, NIA, Alzheimer’s, National Academy of Medicine, CNN Health, Association Locations: University of California San Francisco
The Texas Supreme Court upheld a state law on Friday that bans gender-transition medical treatment for minors, overturning a lower-court ruling that had temporarily blocked the law and dealing a blow to parents of transgender children. The court, whose nine elected members are all Republicans, voted 8 to 1 in favor of allowing the law, which passed last year, to remain in effect. It bars doctors from prescribing certain medications to minors, like hormones and puberty blockers, and forbids them from performing certain surgical procedures, like mastectomies, on minors. The argument is a powerful one in Texas, where protecting parental rights from government intervention has been an important goal, particularly for conservatives. But the court found that the argument fell short.
Organizations: Texas Locations: Texas
On Today’s Episode:Six Takeaways From the First Presidential Debate, by Shane Goldmacher and Jonathan SwanSchools Police Chief Indicted in Uvalde Shooting Response, by J. David Goodman and Edgar SandovalOklahoma’s State Superintendent Requires Public Schools to Teach the Bible, by Sarah Mervosh and Elizabeth DiasAfter a Testy Campaign in Tense Times, Iranians Vote for President, by Farnaz Fassihi and Alissa J. Rubin
Persons: Shane Goldmacher, Jonathan, J, David Goodman, Edgar Sandoval Oklahoma’s, Sarah Mervosh, Elizabeth Dias, Farnaz Fassihi, Rubin Organizations: Jonathan Swan Schools Police, Schools, Times
They started the night hoping that President Biden would use the first debate of 2024 to his advantage, that he would finally quash fears about his age and give the impression of a determined statesman compared with former President Donald J. Trump. But for the roughly 40 Democrats who gathered Thursday night at a union hall in Sacramento, it did not take long for the mood to descend into something between grim despair and mild panic. Within minutes, even ardent supporters in the capital of California fell silent, exchanging glances and acknowledging quietly that Mr. Biden, his virtues aside, seemed less forceful than Mr. Trump, and weary. Toward the end, some of the younger attendees left before the debate was over. “Neither of them inspires confidence,” said Dubrea Sanders, 25.
Persons: Biden, Donald J, Trump, , Dubrea Sanders, “ It’s, Mr Organizations: Trump, Young Democrats Locations: Sacramento, California, China
Pete Arredondo, the former chief of the school district police in Uvalde, Texas, was indicted and arrested over his actions during the police response to the 2022 school shooting in which a gunman killed 19 children and two teachers, the Uvalde County sheriff said on Thursday. Arredondo is currently in our custody,” the sheriff, Ruben Nolasco, said in a text message, adding that Mr. Arredondo was being held on the charge of “abandoning/endangering of a child.”The indictment, which comes more than two years after the May 24 massacre at Robb Elementary School, is the first set of criminal charges stemming from the shooting and suggests failures in the police response beyond poor decision-making. A second former officer was also indicted over his actions that day, according to two people briefed on the grand jury’s decision but who requested anonymity to share the findings before they were made public. The second officer, who worked under Mr. Arredondo at the school Police Department, was not in custody as of Thursday evening, Mr. Nolasco said.
Persons: Pete Arredondo, “ Mr, Arredondo, Ruben Nolasco, , Nolasco Organizations: Robb Elementary School, Police Department Locations: Uvalde , Texas, Uvalde
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