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☆ Oil prices slip as rate hike worries come into focus
▼ + stars: | 2024-06-21 | by ( ) www.cnbc.com time to read: +1 min

Working oil pumpjacks dot the landscape on oilfields on the outskirts of Taft, Kern County, California on Sept. 21, 2023. Crude oil futures slid in early trade on Friday on the prospect of higher-for-longer interest rates in Asia and the United States, while falling U.S. oil inventories kept prices from moving lower. Japan's core consumer prices last month gained 2.5% from a year earlier, data showed on Friday, growing from the previous month and keeping the country's central bank on track to raise interest rates higher in the coming months. U.S. data released on Thursday showed that the number of Americans filing new claims for unemployment benefits fell in the week ended June 14, with broader strength in the jobs market persisting. Higher interest rates typically weigh on economies and, in turn, on oil demand.

Persons: Bob Yawger Organizations: Brent, U.S . Federal, Energy Information Administration, EIA, Mizuho Locations: Taft, Kern County , California, Asia, United States, U.S, New York

Trump’s campaign insists the former president is his own best adviser and he alone will make the call. Vance,” Trump Jr. told Newsmax in January. That’s a key concern of Trump’s top advisers who have otherwise let the former president dictate the process. “President Trump should not be made to explain other people’s scandals or statements.”Burgum’s wealth may have worked in his favor for a time when Trump trailed President Joe Biden in the money wars. But the recent influx of cash into the campaign following Trump’s fundraising blitz and criminal convictions has blunted that advantage.

Persons: Donald Trump, Donald Trump Jr, Sen, J.D, Vance, Rupert Murdoch, Trumpworld, Doug Burgum, Sean Hannity, Florida Sen, Marco Rubio, Trump, —, Burgum, Rubio, South Carolina Sen, Tim Scott, Elise Stefanik, Byron Donalds, Ben Carson, “, Susie Wiles, Chris LaCivita, Wiles, “ Susie, Nikki Haley, Scott, In Rubio, Hannity, Kellyanne Conway, Trump’s, Mike Pence, Conway, ” Conway, namechecked Donalds, Marc Andreessen, Brian Hook, Bill Ackman —, Ken Griffin, Griffin, Haley, Steve Bannon, Bannon, Paul, Trump’s Jesus, Jesus, ” Bannon, ” Trump, Newsmax, ” Tucker Carlson, Carlson, Vance “, I’ve, Pence, ”, bankroll, Marco Rubio’s, Joe Biden Organizations: CNN, Ohio Republican, North Dakota Gov, Fox News, Florida, Trump, Republican National Convention, House GOP, Florida Rep, Urban, Street, South Carolina Gov, Indiana Gov, Washington Post, Democratic Party, The New York Times, Wednesday, White, Politico, Trump Jr, GOP, Fox, North, Republican, New, ”, Wall Street, Murdoch’s, Corp, “ Locations: Milwaukee, South Carolina, Florida, New York City, Nevada, Conway, Mar, Washington, South Florida, Miami, Vance’s, North Dakota, White

☆ Mortgage rates fall to their lowest level in almost three months
▼ + stars: | 2024-06-20 | by ( Bryan Mena | ) edition.cnn.com time to read: +4 min

Washington CNN —Mortgage rates fell this week to their lowest level since early April, taking some pressure off America’s unaffordable housing market. “These lower mortgage rates coupled with the gradually improving housing supply bodes well for the housing market.”Still, mortgage rates remain higher than anything seen in the decade before 2022, the year the Federal Reserve began to raise interest rates to combat inflation. Economists don’t expect the average mortgage rate to fall below 6% this year. Homebuilding constrained by high interest ratesWhile mortgage rates have eased recently, the US housing market overall remains hamstrung by elevated interest rates, which seem to be taking a toll on homebuilding. “Persistently high mortgage rates are keeping many prospective buyers on the sidelines,” NAHB Chairman Carl Harris said in a release.

Persons: Freddie Mac, ”, Sam Khater, Freddie Mac’s, don’t, America’s homebuilders, “, Carl Harris, ” Skylar Olsen Organizations: Washington CNN —, “, Federal Reserve, Treasury, National Association of Home Builders Locations: ., Wells Fargo, America, San Diego , Los Angeles and New York, California, Honolulu

☆ Older voters want candidates who will protect Social Security, poll finds. Yet parties are tied for their support
▼ + stars: | 2024-06-20 | by ( Lorie Konish | ) www.cnbc.com time to read: +2 min

Joe Biden and Donald Trump Getty ImagesVoters, ages 50 and up, will have a strong influence on the November election. Meanwhile, for older voters, ages 50 and older, Social Security is a top economic concern, the results found. "Democrats only have a three-point advantage on Social Security right now, so the parties are basically tied," said Jeff Liszt, partner at Impact Research. Many voters said they would be more likely to vote for a candidate who will protect Social Security, he noted. Democrats in Congress have proposed plans to make Social Security benefits more generous, which would be paid for by taking the wealthy.

Persons: Joe Biden, Donald Trump, Fabrizio Ward, Bob Ward, Jeff Liszt, — Organizations: Donald Trump Getty Images, Social, AARP, Social Security, Republicans, Impact, CNBC, Congress

☆ The Quiet Vacationing Trend Is a Sign of America's Broken Work Culture
▼ + stars: | 2024-06-20 | by ( Emily Stewart | ) www.businessinsider.com time to read: +8 min

Now people are taking full-blown holidays while on the job as part of a trend that's been called "quiet vacationing." It's a stark reminder of how broken American work culture is, just in time for summer. Pretending to work when you're not or acting like you're putting in more hours than you do is not a new phenomenon. If you're quiet vacationing and your boss doesn't know, good for you, I guess. Regardless of how up front (or not) employees are, at the end of the day, American work culture is the bad guy here.

Persons: margarita, munches, they're, Rebecca Zucker, they'd, —, it's, overworkers, Malissa Clark, Clark, downshift, Zucker, We're, we're, aren't, doesn't Organizations: Harris, Workers, University of Georgia, Business Locations: sipping, American

☆ Texas Democrat taking on Ted Cruz dismissed border as ‘right wing echo chamber’ issue amid 2022 migrant crisis
▼ + stars: | 2024-06-20 | by ( Andrew Kaczynski | Em Steck | ) edition.cnn.com time to read: +6 min

“I don’t hear a lot about the border here in Dallas, and I’m in a border state. Today, border issues are an even greater concern for Texas voters. In his race to unseat Cruz, Allred is now spending at least $380,000 running an online ad exclusively dedicated to the border issue. To fix it, we have to go after the cartels and fix the border,” Allred says in the ad. Allred has also shifted his rhetoric on a border wall popularized by Trump.

Persons: Colin Allred, who’s, GOP Sen, Ted Cruz, “, Joe Biden, Allred, Trump, –, Biden, – Allred, ” Allred, CBS News ’ Major Garrett, Cruz, “ I’m Colin Allred, we’ve, I’m Colin Allred, I’m, Josh Stewart, Allred –, Pete Sessions, ” Organizations: CNN — Democratic, GOP, Republican, NFL, CBS News ’, Customs, Border Protection, University of Texas, Texas Tribune, Texas, Senate, Facebook, CNN, Democratic, Republicans, Trump Locations: Texas, Mexico, Dallas, Biden’s, Covid, Brownsville, –

Workers at the construction site of resettlement housing in Huai 'an city, Jiangsu province, China, June 17, 2024. Cfoto | Future Publishing | Getty ImagesAsia-Pacific markets started the day mixed as investors awaited China's one- and five-year loan prime rates. The one-year loan prime rate serves as a benchmark for most corporate and household loans, while the five-year rate serves as a peg for property mortgages. The one-year LPR currently stands at 3.45%, while the five-year LPR is at 3.95%. Japan's Nikkei 225 and the broad-based Topix started the day with losses of 0.28% and 0.12%, respectively.

Persons: Huai, LPR, Korea's Kospi, Topix, Australia's Organizations: Getty, People's Bank of China, Nikkei, Reuters Locations: Jiangsu province, China, Asia, Pacific

☆ Want your child to go to Eton? Get ready to pay $13,000 more each year
▼ + stars: | 2024-06-20 | by ( Anna Cooban | ) edition.cnn.com time to read: +10 min

London CNN —Private schools in Britain may conjure up images of rolling lawns, pristine tennis courts, and dormitory rooms, serving as gilded hothouses of privilege. Not every private school is “synonymous with privilege and great wealth,” argues Sue Hannam, headteacher at Lichfield Cathedral School, a private school in central England. About 620,000 children are currently enrolled in private schools in Britain, equivalent to almost 6% of all school children, according to the Independent Schools Council. Hodge at the Education Policy Institute noted that, accounting for inflation, private school fees had risen by as much as 25% since 2010. Still, a demographic shift means state schools may “welcome” the influx, Sibieta wrote last year.

Persons: YouGov, ”, Sue Hannam, “ We’ve, …, they’re, —, Hannam, John Keates, we’ve, Keir Starmer, “, ” Starmer, Louis Hodge, that’s, Loveena Tandon, … it’ll, it’s, Julie Robinson, they’ll, Robinson, ” Robinson, Christine Cunniffe, ” Cunniffe, Hodge, That’s, he, ” Luke Sibieta, Oli Scarff, Sibieta Organizations: London CNN — Private, Eton College, Labour Party, Eton, Labour, Lichfield Cathedral School, CNN, Lichfield, Independent Schools, Institute for Fiscal Studies, Sky News, Education Policy Institute, ISC, Ascot, Education, Institute, Getty Locations: Britain, Lichfield, England, United Kingdom, Lichfield , United Kingdom, London, “, Manchester, AFP

☆ UK PM Sunak could cease to be a lawmaker in landslide election defeat, new poll shows
▼ + stars: | 2024-06-20 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Prime Minister Rishi Sunak speaks to farmers as he campaigns on a farm near Barnstaple on June 18, 2024 in North Devon, United Kingdom. North Devon has been held by the Conservative Party since the 2015 general election. British Prime Minister Rishi Sunak could become the country's first sitting prime minister to lose their seat at a general election, according to the findings of a shock new poll. If correct, the upcoming vote would deliver Labour a supermajority of 382, comfortably more than former Prime Minister Tony Blair's historic 1997 victory. The analysis showed that left-leaning Scottish National Party is set to win 8 seats, while Wales' pro-independence political party Plaid Cymru is expected to win 4.

Persons: Rishi Sunak, Tony Blair's, Savanta, James Cleverly's, Jeremy Hunt's Organizations: Conservative Party, British, Labour, Conservative, Liberal Democrats, Scottish National Party, Wales, Plaid Cymru, Greens Locations: Barnstaple, North Devon, United Kingdom, Richmond, Northallerton, North Yorkshire, Braintree, Essex, Godalming, Ash, Surrey

☆ Trump calls Biden's student-loan forgiveness efforts 'vile' — and voters shouldn't count on that relief if he's elected
▼ + stars: | 2024-06-20 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Read previewFormer President Donald Trump is making sure voters know how he feels about student-loan forgiveness. He also used that time to criticize President Joe Biden, particularly Biden's efforts to enact student-loan forgiveness for millions of Americans. Should Biden win, his administration will continue carrying out its broad and targeted debt relief efforts such as one-time account adjustments for borrowers on income-driven repayment plans and Public Service Loan Forgiveness. After the Supreme Court decision, his campaign posted a statement on his website saying that "these wins were only made possible through President Trump's strong nomination of three distinguished and courageous jurists to the Supreme Court." AdvertisementStill, Biden's Education Department is moving forward with its relief efforts and has maintained that all of its actions are in accordance with the law and the Supreme Court decision.

Persons: —, Donald Trump, Trump, Joe Biden, I'm, Biden, Biden's, It's, Trump's Organizations: Service, Business, Trump, Biden's Education Department, Higher, Biden, Public, Supreme, Education Department, GOP Locations: Wisconsin

☆ Opinion: Don’t expect footballer Kylian Mbappe to swing the French election
▼ + stars: | 2024-06-20 | by ( Opinion Adam Plowright | ) edition.cnn.com time to read: +7 min

Paris CNN —French soccer superstar Kylian Mbappé made a dramatic foray into the country’s election campaign this week, but don’t expect the striker to have an influence on the outcome. The far-right National Rally party of anti-immigration leader Marine Le Pen is leading in the polls, and most pundits suspect her populist movement has never come this close to power. Leaders of the French far-right National Rally, Marine Le Pen and Jordan Bardella, attend a rally ahead of the European Parliament elections where the party had huge success earlier this month. In 2006, Marine Le Pen’s father, far-right patriarch Jean-Marie Le Pen, suggested there were too many “players of color” on the national side. While millions will cheer them on at the Euros, they serve as a visible reminder of the country’s changing demographics — an issue which animates voters for the National Rally like no other.

Persons: Adam Plowright, “, Emmanuel Macron —, Read, Kylian Mbappé, Adam Plowright Adam Plowright, ”, Marcus Thuram, Mbappé, Emmanuel Macron, Marine, Macron, Le Pen’s, Le Pen, Jordan Bardella, Gonzalo Fuentes, Bardella, today’s TikTok, Thuram —, Lilian, Aime Jacquet, Stu Forster, Marcel Desailly, Zinedine Zidane, Didier Deschamps, Le, Jean, Marie Le Pen Organizations: Paris CNN —, UEFA, “, Real Madrid, Ipsos, Reuters, YouTube, Brazil, National Locations: Paris CNN — French, Germany, Paris, Cameroon, Algeria, France, United States, Europe, Guadeloupe

☆ 3 surprising things people think are OK to do on planes, according to a poll
▼ + stars: | 2024-06-20 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +4 min

The seatbelt light. Pete Syme/Business InsiderKeep your seatbelt onSpeaking of unbuckling seat belts, 47% of respondents said it is acceptable to do so when the seatbelt light is switched off. AdvertisementI think there's a fundamental disconnect between what switching off the seatbelt light means to the flying public and what it actually means. Switching off the light means passengers may now safely get up to use the lavatory or retrieve something from the overhead compartment. Even though aircraft are vacuumed in fairly frequent intervals, their carpets see a lot of passengers between more thorough cleanings.

Persons: —, Pete Syme, it's, Ming Tung Organizations: Service, Business, Air, Toronto Locations: Air France

☆ Bank of England set to hold interest rates despite inflation hitting 2% target
▼ + stars: | 2024-06-19 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

But the print only served to further convince traders that an interest rate cut is not imminent. Money market pricing by 11 a.m. in London implied just a 5% probability of a trim of the Bank Rate during Thursday's BOE meeting — after recording stronger odds of such a step earlier in the week. Policymakers are equally focused on services inflation, key to understanding domestic price pressures in the country's services-oriented economy, which came in at 5.7% — higher than the 5.5% forecast by economists in a Reuters poll. "I think the most disturbing thing lots of economists like myself are looking at right now is what's happening in services inflation. And those numbers have been proving a good deal stickier than we would like," Sproule said, with the BOE targeting services inflation of around 3%.

Persons: BOE, —, We've, James Sproule, CNBC's, Sproule Organizations: Bank of England's, Bank of Locations: London, Bank of England

☆ We're stuck with Biden and Trump — but for totally different reasons
▼ + stars: | 2024-06-19 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Perhaps you've even uttered some version of it yourself: "I can't believe we're stuck with Donald Trump and Joe Biden again." AdvertisementBut it's important to understand that Biden and Trump are set to be their party's nominees for quite different reasons. Polls showed Democrats open to alternatives. On the other hand, Democrats ended up being stuck with Biden, despite plenty of indication that there was room for an alternative. In short, if you're frustrated with your choices this November, you've got two very different groups to blame: GOP voters and Democratic Party elites.

Persons: —, you've, we're, Donald Trump, Joe Biden, Biden, Trump, resoundingly, Nikki Haley, Dean Phillips, didn't Organizations: Service, Pew Research Center, Business, Republican Party, Democratic Party, Republican, Trump, GOP, New York Times, Siena College, Democrat, Dean Phillips of Locations: Vermont, Washington, Dean Phillips of Minnesota, Minnesota

☆ Trump heads to key swing state of Wisconsin days after alleged Milwaukee diss
▼ + stars: | 2024-06-18 | by ( Steve Contorno | ) edition.cnn.com time to read: +4 min

Racine, Wisconsin CNN —Days after reportedly calling Milwaukee “horrible” behind closed doors, former President Donald Trump will rally with his supporters just south of the city in one of the country’s top battleground states. The Trump campaign pushed back on some of the public characterization of the alleged remark, saying he was referring to crime and “voter fraud.” As his alleged comment reverberated around the Badger State, Trump clarified to a Fox News reporter, “I love Milwaukee. Milwaukee – in addition to the state capital of Madison – is a center of Democratic power in Wisconsin and home to more voters than any other city in the state. One in five of the votes for Joe Biden en route to his narrow Wisconsin victory in 2020 were cast in Milwaukee. “In a state that’s decided on a razor’s edge, that may ultimately cost Donald Trump the election,” Johnson said.

Persons: Donald Trump, Trump, “, Milwaukee, Madison –, Joe Biden, Cavalier Johnson, CNN’s Laura Coates, Trump’s, ” Johnson, Biden, ” Biden, ” Trump, Hillary Clinton, White, “ Foxconn, ” Organizations: Wisconsin CNN, Milwaukee, Republicans, Capitol, Badger State, Fox News, Milwaukee –, Democratic, Biden, Democratic National Committee, Milwaukee Bucks, NBA, White, Republican, Wisconsin ”, New York Times, Siena, FBI, Trump Locations: Racine, Wisconsin, Milwaukee, Madison, Taiwan

☆ Fewer Microsoft employees think they're getting a 'good deal,' internal survey shows
▼ + stars: | 2024-06-18 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +1 min

Fewer Microsoft employees believe they get a "good deal: from working there. The annual "Employee Signals" survey showed a drop from 69% to 62% in positive responses. AdvertisementFewer Microsoft employees believe they are getting a "good deal" by working at the company, according to results of annual surveys viewed by Business Insider. In Microsoft's annual poll called "Employee Signals," 62% of employees this year answered favorably to a question about whether they get a "good deal at Microsoft (i.e. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Microsoft, Service, Business

☆ Retail sales rose less than expected in May
▼ + stars: | 2024-06-18 | by ( Bryan Mena | ) edition.cnn.com time to read: +1 min

Washington CNN —Sales at US retailers rose last month at an unexpectedly weak pace as US consumers continue to deal with still-high inflation and elevated interest rates. Retail sales rose just 0.1% in May from the prior month, the Commerce Department reported Tuesday. That’s better than April’s downwardly revised 0.2% decline but below the 0.3% gain economists projected in a FactSet poll. Meanwhile, spending was the strongest at specialty stores that sell sporting goods, books, and musical instruments, which jumped by 2.8% last month. Monthly retail sales have increased four times over the past six months through May, but figures for April and March were revised lower, the Commerce Department said Tuesday.

Persons: That’s Organizations: Washington CNN —, Commerce Department, Federal Reserve

☆ A surgeon general's warning on social media wouldn't be as powerful as good-old-fashioned parenting, experts say
▼ + stars: | 2024-06-18 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +6 min

But social media experts and researchers are mixed on just how effective such a move would be. According to one August 2022 study, almost half of all adolescents said social media makes them feel bad about their bodies. And what exactly would the warning say, North wondered, noting that social media is rarely exclusively harmful. Proactive parentingFor most kids, social media use begins at home. AdvertisementAre you a parent who has struggled with your children's social media use?

Persons: —, Vivek Murthy, Murthy, Titania Jordan, they've, Jordan, Mark Zuckerberg, Karen North, North Organizations: Service, New York Times, Business, American Medical Association, Bark Technologies, University of Southern Locations: University of Southern California

☆ Opinion | The 2024 Election Hinges on Voters Who Hate Politics
▼ + stars: | 2024-06-18 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +1 min

The biggest divide in our politics isn’t between Democrats and Republicans, or even left and right. It’s between people who follow politics closely, and those who pay almost no attention to it. If you’re in the former camp — and if you’re reading this, you probably are — the latter camp can seem inscrutable. As the 2024 election takes shape, this bloc appears crucial to determining who wins the presidency. An NBC News poll from April found that 15 percent of voters don’t follow political news, and Donald Trump was winning them by 26 points.

Persons: Donald Trump, “, Ezra Klein, She’s, John Barry Ryan, ”, I’ve, Biden Organizations: Republicans, NBC, Apple, Spotify, Amazon Music, YouTube, University of Michigan, Trump Locations: America

☆ Paris loses stock market crown to London as political upheaval looms
▼ + stars: | 2024-06-18 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

London CNN —London’s stock market has edged ahead of its rival in Paris as fears grow over the outcome of France’s looming parliamentary elections. The first round of the French elections is scheduled for June 30, followed by a second round on July 7. Hubert de Barochez, a senior market economist at consultancy Capital Economics, said investors might be concerned that a parliament run by the National Rally would penalize banks. In contrast with the political and financial turmoil in France, UK financial markets are “relatively stable,” said Rudolph at IG Group. Credit ratings agencies are already keeping a close eye on France, one of the EU’s three most-indebted countries.

Persons: Emmanuel Macron, Axel Rudolph, you’ve, ”, OpinionWay, Macron, Hubert de Barochez, Rudolph, Richard Hunter, Mohit Kumar Organizations: London CNN, Bloomberg, CAC, FTSE, European Union, “, CNN, National, BNP, Credit, Capital Economics, IG Group, Labour Party, Interactive Investor, National Rally, Jefferies Locations: Paris, France, United Kingdom, Europe’s, Britain

☆ Biden vs. Trump: The 2024 presidential race turns to candidates’ bids for Black voters and the Supreme Court
▼ + stars: | 2024-06-17 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

CNN —Bitter tensions are escalating between Joe Biden and Donald Trump over race and the future of the Supreme Court as they gear up for the most critical presidential debate clash in years. This is why Trump spent Saturday in Michigan, seeking to take advantage of signs of waning enthusiasm for Biden among Black voters. According to CNN exit polls in 2020, Trump won about 1 in 10 Black voters. But a recent New York Times/Siena College poll found the ex-president winning more than 20% of Black voters in battleground states. But the Biden campaign seemed keen to show the president in an informal setting with Obama and stars including Julia Roberts and George Clooney.

Persons: Joe Biden, Donald Trump, Trump, Biden, Barack Obama, Camp David, Ron Klain, Marco Rubio, Eric Schmitt of Missouri, South Carolina Sen, Tim Scott, Byron Donalds, “ I’m, “, ”, Jasmine Harris, Obama, Jimmy Kimmel, ” Biden, ‘, kilter, Julia Roberts, George Clooney, Hunter Biden, Samuel Alito’s, he’s, Kimmel Organizations: CNN, Biden, Black, Democratic, White, Senate, Trump, Republicans, Capitol Hill, House, GOP, Saturday, Sens, Trump ”, Black Republicans, Florida Rep, Semafor, New York Times, Siena College, Los, Air Force, Sunday Locations: Trump, Europe, Los Angeles, Atlanta, Marco Rubio of Florida, Washington, Michigan, South Carolina, Detroit, Philadelphia, Milwaukee, Pennsylvania, Wisconsin, Central Park, Italy, Delaware, kilter

☆ Surgeon General demands warning label on social media apps
▼ + stars: | 2024-06-17 | by ( David Goldman | ) edition.cnn.com time to read: +4 min

CNN —Surgeon General Dr. Vivek Murthy said the threat social media poses to children requires urgent action, and he demanded Congress to put a label on the apps as it does with cigarettes and alcohol. Teens spend nearly five hours a day on social media apps, according to a Gallup poll. Drew Angerer/Getty Images North America/Getty Images“It is time to require a surgeon general’s warning label on social media platforms, stating that social media is associated with significant mental health harms for adolescents,” Murthy said. Congress has long chastised social media companies, claiming they pose harm to children. And Murthy urged parents to restrict children’s use of social media until they graduate from middle school.

Persons: Vivek Murthy, ” Murthy, Murthy, Drew Angerer, “, Mark Zuckerberg —, there’s, ”, Ron DeSantis, Kathy Hochul Organizations: CNN, New York Times, American Medical Association, Gallup, U.S, North, Capitol, Florida’s Republican Gov, New York Democratic Gov Locations: North America, America, Congress

☆ Hardware is Wall Street's new favorite bet
▼ + stars: | 2024-06-17 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at the Apple-Google partnership that shows why hardware has become Wall Street's new favorite bet . The big storyHardware is hotGetty Images; Chelsea Jia Feng/BISoftware may still eat the world, but only with the help of some serious hardware. But generative AI has put a considerable spotlight on a less sexy part of tech: hardware. That's playing out in the stock market, where hardware tech stocks have outperformed software tech stocks by 30 percentage points this year , writes BI's Matthew Fox.

Persons: —, Chelsea Jia Feng, Marc Andreessen's, Hugh Langley, That's, BI's Matthew Fox, it's, Steve Schwarzman, Jon Gray, Brian Ach, Tyler Le, Andy Sieg, Merrill Wealth, Dan Sundheim, Chris Tuite, Trump, Elon Musk, hasn't, Jimmy Simpson, they're, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Annie Smith, Amanda Yen Organizations: Service, Elon, Apple, Business, Apple Intelligence, OpenAI, Google, Microsoft, Amazon, Oracle, Street, Nvidia, Broadcom, Blackstone, Merrill, D1 Capital, YouTube, Netflix, BI, Cannes Lions, advertising's Locations: That's, New York, London

China's retail sales beat expectations in May, climbing 3.7% compared with a year ago, beating expectations of a 3% rise from a Reuters poll of economists. However, other economic metrics, such as industrial output and fixed asset investment, missed Reuters forecasts. Industrial output grew by 5.6% year-on-year, compared to the 6% increase expected, while fixed asset investment rose 4% compared to last May, just shy of the 4.2% forecast by the Reuters poll. On the other hand, the miss in fixed asset investment was dragged by a steeper drop in real estate investment. NBS said that excluding real estate, total fixed asset investment was 8.6% higher compared to last May.

Organizations: Reuters, National Bureau, Statistics, NBS Locations: Hangzhou, Zhejiang Province, China

☆ Why your child may be feeling anxious before bedtime
▼ + stars: | 2024-06-17 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +7 min

“From 1 year of age to 6 years of age, kids change a lot. Almost half reported their child leaving their bed and moving to the parent’s bed some or most nights, while 1 in 3 parents said their child often or occasionally insists that they stay in the room until the child falls asleep. The most important factor in getting kids to bed is consistency and sticking with a bedtime routine, Mott Poll co-director Clark said. Ninety percent of polled parents reported having an established and consistent bedtime routine. It’s common for young children to experience sleep issues, especially as preschool-age children begin to reduce or drop naptime, Hartstein said.

Persons: CNN —, Kelceymarie Warner, ” Warner, Warner, Mott, doesn’t, ”, Sarah Clark, Clark, “, Lauren Hartstein, Hartstein Organizations: CNN, Mott Children’s, Children’s, University of Michigan, Mott Poll, University of Arizona, Boston Children’s Hospital Locations: Ann Arbor, “, Mott, Boston

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