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New York CNN —Inflation rates in Canada, the EU and Australia have popped higher in recent months. But that disconnect appears to be fading as inflation rates in the US continue to ease. The US also had a recent scare as inflation rates ticked higher. But after a year of the Fed holding interest rates steady at a 23-year high, inflation rates in the United States are once again declining. High inflation readings around the globe are concerning investors, José Torres, senior economist at Interactive Brokers, told CNN.
Persons: , Brent Schutte, Schutte, José Torres, Torres, payrolls, Chewy, Keith Gill, Krystal Hur, Gill, Ryan Cohen, Jordan Valinsky, CSSE Organizations: CNN Business, Bell, New York CNN, EU, Federal, Federal Reserve, Bank of Canada, Northwestern Mutual Wealth Management, Interactive Brokers, CNN, Investors, Bank for International, BIS, Securities, Exchange, GameStop, Soul Entertainment, BBC, Sony Pictures, Walmart, Walgreens, Apollo Global Management, Sony, Netflix Locations: New York, Canada, Australia, United States, Europe, Redbox
Cup Noodles is trying to change that — with a new s’mores-flavored instant ramen. While this marks Cup Noodles’ first foray into dessert territory, the noodle maker is no stranger to non-traditional ramen pairings. “Cup Noodles Campfire S’mores” is the latest in a series of seasonal flavors aimed at shaking up how consumers perceive the brand. Despite the saturated s’mores market, Saunders sees Cup Noodles as occupying a unique position that could get people talking because of ramen’s association with traditionally savory flavors. Stanton says younger buyers tend to be more playful with their tastes, adding that the s’mores flavor appeals to the connection between food and childhood memories.
Persons: Noodles, graham, , Nissin, Neil Saunders, It’s, ” Saunders, Priscila Stanton, , , there’s, Saunders, ” Nissin, Gen Z, Stanton, Saunders doesn’t Organizations: CNN, Walmart, Nissin, USA Locations:
New York CNN —The parent company of Redbox, those distinctive, red-colored kiosks at grocery stores that sell or rent DVDs, has filed for bankruptcy after enduring months of financial struggle. Filing for Chapter 11 bankruptcy could help the company fix those issues if its plans are approved by a court in Delaware. The company’s publishing arm, which produces those ubiquitous self-help books that were once a worldwide phenomenon, isn’t affected by the bankruptcy filing of its entertainment unit. The number of Redbox kiosks has grown to about 34,000 across the US, largely located at grocery and drug stores. Since its 2002 launch, Redbox has rented its 1 billion discs at prices cheaper than cable, according to its website.
Persons: CSSE didn’t, Redbox Organizations: New, New York CNN, Soul Entertainment, BBC, Sony Pictures, Walmart, Walgreens, Apollo Global Management, Sony, Netflix Locations: New York, Redbox, Delaware
Chicken Soup for the Soul Entertainment, the parent company of the movie rental company Redbox, which is known for its distinctive red kiosks, filed for Chapter 11 bankruptcy protection on Friday. In the filing, Chicken Soup listed debts of about $970 million, and total assets of about $414 million. It owes millions to entertainment and media companies, including Universal Studios, Sony Pictures and BBC Studios Americas, as well as some retailers, such as Walgreens and Walmart, according to court filings. Chicken Soup for the Soul was founded in 1993 by two motivational speakers, Jack Canfield and Mark Victor Hansen. Its original book, published more than 30 years ago, dispensed life advice and stories of overcoming obstacles with the hope that it would heal readers’ souls just as “chicken soup has a healing effect on the body of the ill.”
Persons: Jack Canfield, Mark Victor Hansen, Organizations: Soul Entertainment, Universal Studios, Sony Pictures, BBC Studios, Walgreens, Walmart,
Read previewRedbox's parent company hasn't paid its employees in over a week amid financial woes that ultimately resulted in Chapter 11 bankruptcy. Chicken Soup for the Soul Entertainment filed for bankruptcy protection on Friday, and Redbox Entertainment filed the following day, according to online records. Chicken Soup for the Soul Entertainment completed a $370 million deal to acquire Redbox Entertainment in 2022. AdvertisementRepresentatives for Chicken Soup for the Soul Entertainment did not respond to a request for comment from Business Insider. Chicken Soup for the Soul recently settled with NBC Universal but missed the first payment, according to the Verge.
Persons: , hasn't, haven't, hadn't, Justin Sullivan Organizations: Service, Soul Entertainment, Redbox Entertainment, Business, Getty, Employees, Hollywood, NBC Universal
A car shopper today has their pick of traditional internal combustion engine (ICE) vehicles; mild-hybrid electric vehicles (MHEVs); hybrid electric vehicles (HEVs); plug-in hybrid electric vehicles (PHEVs); fuel cell electric vehicles (FCEVs) and battery-electric vehicles (BEVs), also commonly known as EVs. Here's a breakdown: Internal combustion engine (ICE): A "traditional" vehicle with an engine that's fueled with gasoline or diesel. Hybrid electric vehicle (HEV): Think of the Toyota Prius, a vehicle that has a hybrid powertrain system combined with an engine. Plug-in hybrid electric vehicle (PHEV) : These vehicles feature an internal combustion engine combined with a hybrid system, including a larger battery than traditional hybrid vehicles as well as a plug to recharge the vehicle's battery. : These vehicles feature an internal combustion engine combined with a hybrid system, including a larger battery than traditional hybrid vehicles as well as a plug to recharge the vehicle's battery.
Persons: Paul Waatti, Heather Seymour, Seymour, Stellantis, Waatti, Michael Wayland, Antonio Filosa, Russell Wager, Jérémie Papin, BEV Organizations: DETROIT —, Pacifica, Toyota, CNBC, Motors, Chevrolet, Kia America, EV, Kia, GM, Detroit, GM Energy, Ford Motor, Auto, Nissan, ICE, Toyota Prius Locations: U.S, Stellantis, St, Johns , Florida, Detroit, Japan, South Korea, Germany
Political conversations are causing strife in our familyWhen I was in high school and living close to my grandmother, I would try to engage her in political debate, but conversations would all too often turn heated, sour, and sometimes even cruel. But it doesn't mean that we don't talk. We just don't talk about things outside our insular familial universe. "When I call your family — they always call right back," Halmoni tells me earnestly. Often, I feel that I'm being irresponsible by pretending like political conversations don't matter.
Persons: , toothily, Bella, it's, It's, I'm, Halmoni Organizations: Service, Business Locations: Manse, Bella
The International Union for the Conservation of Nature reports 35% of all shark species are threatened with extinction. The primary reason is overfishing; shark meat and fins are highly sought. That research has helped expand the number of shark species now regulated by CITES. Cardeñosa said when he got started in the field, there were only five or six shark species regulated by the CITES agreement. How you can help sharksOne of the easiest ways to help sharks and all marine life is to try to consume seafood from sustainable sources.
Persons: Florida CNN — Diego Cardeñosa, , Cardeñosa, Demian Chapman, Isaac Lawrence, they’ve, Diego Cardeñosa, Diego Cardeñosa Cardeñosa, ” Cardeñosa, Organizations: Florida CNN, International Union for, Nature, Fisheries, , Florida International University, International Trade, Fauna, FIU, Getty, Criminal Investigation, Interpol, CITES, Aquarium Seafood, FIU Foundation Locations: Miami, Florida, Colombia, Europe, South America, Hong Kong, Latin America, AFP, Sri Lanka, Spain, Belize, Panama, Ecuador, Peru, Brazil, China, Eastern, Baja , California, Central, Monterey
CNN —CNN Opinion asked political contributors to weigh in on the first presidential debate of the 2024 race. On the other hand, President Joe Biden did not meet expectations and may have increased concerns about his age and ability to lead for another four years. Debates are always more about style than substance, and President Joe Biden’s style was simply awful. Did President Joe Biden come off as a leader or a loser? And yes, the visuals in this first presidential debate of the cycle were phenomenally important.
Persons: Ana Marie Cox, Joe Biden’s, Donald Trump, Biden, Ana Marie Cox Faith Fonseca, Trump, mumbling, I’m, Shermichael Singleton, Joe Biden, Paul Begala, ” “, ” Paul Begala, meandered, , Republicans — Biden, Bill Clinton’s, Clinton, Jeff Yang, Jeff Yang CNN, — Biden, Joe, Bruce, , , ” Patrick T, Brown, Biden’s, Dobbs, Roe, Wade, Patrick T, CNN’s Dana Bash, David Mark, there’s, Kamala Harris, Harris, Nikki Haley, ” Geoff Duncan, Geoff Duncan Alex Slitz, Geoff Duncan, Peter Bergen, Abu Bakr al, General Qassem Soleimani, It’s, ” Susanne Ramirez de Arellano, Susanne Ramirez de Arellano Frank Moya, Biden “, ” Trump, Susanne Ramirez de Arellano, Roxanne Jones, Democrats — Biden, Nobody, Jones, Lanhee J, Chen, Chen Lanhee J . Chen, David, Diane Steffy, Romney, Ryan Organizations: CNN, Democratic Party, Biden, Trump, , Global, Democrats, ” Paul Begala CNN, Republicans, Democratic, sonics, Public Policy Center, Economic, Republican, South Carolina Gov, Democratic National Convention, Washington, Peter Bergen CNN, US Border Patrol, ISIS, Islamic, Guards, Force, Walmart, New America, Capitol, New, Arizona State University, Social Security, Medicare, UCLA, Politics Initiative, America, Tonight, Univision Puerto Rico, ESPN, New York Daily News, Philadelphia Inquirer, Public Policy, Hoover Institution Locations: Texas, Austin, America, Asian America, Washington , DC, bravura State, Canada, Abu, Uzbek, Manhattan, El Paso , Texas, New America, United States
CNN —South Korea’s highest mountain is facing environmental damage from an unexpected source – instant noodles. Mount Halla, measuring 1,947 meters (1.2 miles) tall, is the country’s highest mountain and located on popular vacation destination Jeju Island. Mount Halla is part of the UNESCO-listed Jeju Volcanic Island and Lava Tubes heritage site. Last year, 923,680 people visited the mountain, according to government statistics. According to Korean media, ramyun is now offered for sale at the top of the Matterhorn, the Alpine peak in Switzerland.
Persons: Mount Halla, ramyun Organizations: CNN, South, Office, Mount, Mount Halla, UNESCO Locations: South Korea, Switzerland
Rivian Automotive — Shares of Rivian Automotive skyrocketed more than 40% after the electric vehicle company secured up to $5 billion in funding from Volkswagen Group. A so-called short squeeze added fuel to the gain as about 19% of the Rivian shares available for trading were sold short before this news, according to FactSet. Nvidia — The chip stock added more than 2%, building on a nearly 7% rebound during Tuesday's session. Aptiv — The automotive technology stock dropped 7% after Piper Sandler downgraded Aptiv to underweight from neutral and cut its price target. Robinhood — Shares added 3%.
Persons: Bosch, Mills, Aptiv, Piper Sandler, Campbell, Ken Goldman, Wolfe, Sarah Min, Lisa Han, Jesse Pound, Michelle Fox Organizations: Rivian Automotive, Volkswagen Group, FactSet, FedEx — FedEx, Whirlpool, Reuters, Southwest Airlines —, Nvidia, Citi Research, Rivian, Volkswagen, JPMorgan, United States Steel, BMO Capital Markets, U.S, Steel, Nippon Steel, Micron Technology Locations: Tuesday's
Here are the biggest calls on Wall Street on Wednesday: Stifel initiates Tesla at buy Stifel said it's bullish on Tesla for the long term. JPMorgan upgrades FedEx to overweight from neutral JPMorgan upgraded the shipping giant following earnings on Tuesday. Jefferies reiterates Alphabet as buy Jefferies said its survey checks show Alphabet is top of mind for consumers when it comes to AI. Citi reiterates Nvidia as buy Citi raised its price target on Nvidia to $150 per share from $126. Morgan Stanley downgrades Accenture to equal weight from overweight Morgan Stanley said shares of the IT company are "no longer" attractive.
Persons: Tesla, Stifel, it's, Piper Sandler, Piper, Goldman Sachs, Goldman, Mark Clouse, Carrie Anderson, Rebecca Gardy, Wolfe, HOOD, Warnick, Shopify, Rosenblatt, Nike's, Morgan Stanley, Jefferies, GOOGL, Stephens, Wells, BTIG, Northrop, Rivian, Piper Sandler downgrades Aptiv Organizations: JPMorgan, FedEx, Campbell, Barclays, Nu Holdings, BMO, Steel, Nippon, US Steel, X, Digital Realty, Citi, U.S, Caterpillar, Apple, Apple Intelligence, Android, UBS, Nike, Nvidia, Davidson, Home, Bank of America, " Bank of America, shipper, UPS, Cruises, Northrop Grumman, VW, JV, Accenture Locations: 1Q24, Mexico, Brazil, China, Houston, U.S, Rivian
(This is CNBC Pro's live coverage of Tuesday's analyst calls and Wall Street chatter. Stifel opened coverage on Tesla with a buy rating and an ambitious price target as it sees multiple growth opportunities for the company. Crockett also increased his price target by $64 to $260, which now suggests shares can rally 24.4% from Tuesday's closing price. Goldman also hiked his price target by $7 to $52, now reflecting upside potential of 17.7% over Tuesday's close. Analyst Stephen Gengaro initiated the electric vehicle maker at a buy rating with a $265 price target.
Persons: Rosenblatt, Barton Crockett, Crockett, — Alex Harring, Atif Malik, Malik, Blackwell, Wolfe, Robinhood, Steven Chubak, Chubak, Jason Warnick, That's, Keith Gill, Katja Jancic, Jancic, Brian Ossenbeck, Ossenbeck, Campbell, Ken Goldman, hasn't, Goldman, underperformance, Stifel, Stephen Gengaro, Gengaro, Alex Harring Organizations: CNBC, Federal Express, JPMorgan, FedEx, Apple, Apple Intelligence, Android, Meta, Microsoft, Nvidia, Citi, Wolfe Research, . Steel, BMO Capital Markets, U.S, Steel, Nippon Steel, Nippon, US, U.S . Steel, CPB, Tesla Locations: Tuesday's, Japan, U.S
Campbell Soup 's acquisition of Rao's parent Sovos Brands is a key part of why JPMorgan is now bullish on the Camden, New Jersey-based food company for the first time in 15 years. Analyst Ken Goldman upgraded Campbell to overweight from neutral, a rating the bank hasn't had on the stock since 2009. The Rao's brand alone brought in nearly $775 million in annual net sales in 2023, driving Sovos sales above $1 billion last year. Rao's organic net sales climbed about 37% in 2023 from 2022, boosting the acquired business's growth rate to 25%. CPB .SPX YTD mountain Campbell Soup vs. S & P 500, year to date Despite the excitement around Rao's, the JPMorgan call comes amid a period of underperformance for Campbell.
Persons: Campbell, Ken Goldman, hasn't, Goldman, Sovos, Michael Angelo's, underperformance Organizations: JPMorgan, Wall, CPB Locations: Camden , New Jersey, noosa
FedEx — Shares of the company moved more than 14% higher after topping Wall Street's fiscal fourth-quarter expectations . The shipping giant earned $5.41 per share, after adjustments, on $22.11 billion in revenue. Analysts polled by LSEG were expecting earnings of $5.35 per share and revenue of $22.07 billion. Aptiv — Shares of the automotive technology company plunged 10% following Piper Sandler's downgrade of the stock to underweight from neutral . Paychex posted adjusted earnings of $1.12 per share, which is above the $1.10 earnings per share that analysts polled by LSEG were expecting.
Persons: LSEG, Bosch, Piper, Mills, Paychex, Grindr, Campbell, , Alex Harring, Lisa Kailai Han, Scott Schnipper, Sarah Min, Michelle Fox Organizations: Volkswagen Group, FedEx —, Whirlpool —, Reuters, Rivian, MNC Capital Partners, JPMorgan, Campbell
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In the US, federal experts recommend filling half of your daily plate with nutrient-packed whole fruits and a colorful variety of veggies. nata_vkusidey/Getty Images"Start with beans and a grain," Buettner said. Buettner says the beautiful thing about this simple bean + grain equation is that we all probably know how to do it already. What's your favorite bean and whole grain combo and how long does it take you to make it?
Persons: , We've, Dan Buettner, who's, Buettner, pinto, Costa Rican gallo pinto, Gallo Pinto, Kevin Schafer Organizations: Service, Centers for Disease Control, Business, CDC, Institute for Integrative Nutrition, Costa Locations: America, Costa Rican, Costa Rica
Doctors told CNN they are being forced to turn away parents begging for baby milk, unable to even triage young patients with chronic illnesses compounded by severe hunger. Dozens of other Gazans crowd together to access water as aid workers nearby distribute thick, steaming red soup from large saucepans. It is God’s decision, but it is caused by people,” her father, Ahmed Maqat, told CNN, after she died on Saturday. But health workers told CNN there are few alternatives, with shortages of lactose free or soya milk for infants. Children line up for food aid in Jabalya refugee camp, the northern Gaza, on June 13.
Persons: CNN — Younis, Ghanima Juma’a, Khan Younis, , Israel ramped, , Doctors, Israel, Younis, Hassan Kalash, CNN Israel, General António Guterres, Benjamin Netanyahu, Court’s, Omar Al Qatta, Israel —, Razan, Um Razan Mheitem, Kamal Adwan, Amal, Samaher, Ahmed Maqat, Maqat, Deir Al Balah, Ashraf Amra, Ahmed Kahlot, OCHA, Omar Al, Ismail Madi, Ahmad, Joe Biden … Organizations: CNN, Nasser Hospital, UN, Integrated, Palestine, UNRWA, Programme, Getty, Humanitarian Affairs, Aqsa Martyrs Hospital, Kamal, Kamal Adwan Hospital, Ministry of Health Locations: Nasser, Gaza, Khan, Rafah, Israel, Asda’a —, Gaza’s, Israeli, Jabalya, AFP, Al, Aqsa, Deir Al, Anadolu, soya
Tokyo CNN —Pufferfish is regarded as a luxury in Japan and a meal featuring the potentially poisonous delicacy can easily cost up to 20,000 yen ($125) at high-end restaurants. But now, adventurous foodies in Japan can get a taste of “fugu” for a fraction of the price, from a Cup Noodle. Japanese instant noodle giant Nissin Foods released the new pufferfish flavor on Monday, expanding its massive lineup. “In recent years … ramen shops specializing in fugu ramen have been popping up, grabbing the hearts of many ramen fans,” it said. An elderly couple in Malaysia died last year after eating pufferfish, prompting an appeal from their daughter for stricter regulations.
Persons: Pufferfish, Nissin, Momofuku Ando Organizations: Tokyo CNN, CNN, Western Australia’s Department of Fisheries, Chefs Locations: Japan, Colombia, Gamagori city, Japan’s, Aichi, Philippines, Malaysia
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Single parents with businesses are juggling clients and deadlines with school pick-ups, endless laundry, and meal prep. The problem with batch cooking is that it's still cooking, and cooking is a time-sucker. AdvertisementI do my admin in the playgroundI spend almost 2 hours a day watching my two sons in the playground after school. But it's not like I'm sacrificing my evening social life because I don't have one as a single mother anyway.
Persons: , I've, salmorejo, it's, they're, It's, I'd Organizations: Service, Business, Stanford University, Psychology Locations: Spain
To Costa Ricans, what we eat is just as important as the experience in the kitchen and around the table. The best way to describe Costa Rican cuisine is simple and fresh. Fresh fruit and vegetablesFruit and vegetables in Costa Rica are generally eaten fresh, not out of a can or a freezer. We use a variety of vegetables in Costa Rican cooking, including potatoes, carrots, tomatoes, avocado, onion, beets, yucca and zucchini. Arroz con pollo is a traditional Costa Rican dish consisting of rice, a lot of chopped vegetables and different pieces of chicken.
Persons: chayote Organizations: Costa Ricans, Coffee Locations: Costa, Costa Rica, Cartago, Llano, Costa Rican, Central, South America, United States, Rice, Coffee Costa Rican
However, I was raised in a household where it was deeply ingrained that we were to be generous and help others at all costs. While I do want to help my family, this messaging isn't conducive to tucking funds away for Future Me and putting my own financial needs and goals top of mind. By taking care of your financial needs, you'll be in a much better place to care for your loved ones. Depending on your situation, you not only need to know your wants and needs, but you also might need to know your family's wants and needs. If you want help with your financial situation and juggling your needs and your family's needs, consider working with a financial advisor.
Persons: I've, churchgoers, Thao Truong, Truong, you'll, I'm Organizations: Service, Business, Morton Wealth, Budget, Foundation, Financial Locations: Los Angeles, Vietnam
But Olive Garden is holding out. In the quarter ending on May 26, sales at Olive Garden restaurants open at least 16 months dropped 1.5%. Olive Garden has tried to avoid such pushback by keeping its price increases low. “While Olive Garden same restaurant sales were below the industry, same-restaurant guest counts outperformed the industry,” Vennam said. “The way we do it is more sustainable.”Rather than vie for customers with steep discounts, Olive Garden is planning to bring people in by highlighting its regular offerings.
Persons: they’ve, Olive, “ We’re, , Rick Cardenas, Olive Garden, Cardenas, Raj Vennam, ” Vennam, Eddie V’s, David Henkes, Technomic, ” Cardenas Organizations: New, New York CNN, Darden, Olive Garden, Olive, LongHorn, Bureau of Labor Statistics, CNN Locations: New York, Applebee’s, Olive Garden’s, Olive
Tourists visit the Stone Age monument Stonehenge. The Stonehenge stone circle, which was declared a UNESCO World Heritage Site in 1986, is one of the most famous landmarks in Great Britain. Environmental protesters sprayed paint on Britain's Stonehenge on Wednesday, with footage online showing orange marks covering some of the stones of the world-famous prehistoric megalithic structure. In video released by environmental group Just Stop Oil, two protesters were seen running towards two of Stonehenge's megaliths and spraying paint as another person attempted to stop them. The monument in southern England is a UNESCO World Heritage Site and one of Britain's most visited tourist spots.
Persons: Gogh Organizations: UNESCO, Heritage Locations: Great Britain, England, Britain
Jon Stewart came out swinging on Monday about how he thinks the POTUS race has devolved. Stewart said it's now "boiled down to each candidate accusing the other of having soup where there should be brain." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In his Monday monologue on "The Daily Show," Stewart kicked off his segment by giving a "quick state of play." "I guess the election has basically boiled down to each candidate accusing the other of having soup where there should be brain," Stewart quipped.
Persons: Jon Stewart, Stewart, it's, Biden, Trump, , Jon Stewart isn't Organizations: CNN's Atlanta, Service, Business
How primordial black holes could explain dark matter
  + stars: | 2024-06-17 | by ( Jacopo Prisco | ) edition.cnn.com   time to read: +10 min
The late physicist Stephen Hawking hypothesized that dark matter could be hiding in black holes formed during the big bang. “We were making use of Stephen Hawking’s famous calculations about black holes, especially his important result about the radiation that black holes emit,” Kaiser said. This is not to say dark matter is not a particle, or that it’s for sure black holes. “The next generation of gravitational detectors could catch a glimpse of the small-mass black holes — an exotic state of matter that was an unexpected byproduct of the more mundane black holes that could explain dark matter today.”Many forms of dark matterWhat does this mean for the ongoing experiments that are trying to detect dark matter, such as the LZ Dark Matter Experiment in South Dakota? And those indeed might pick up some of the stray signals from the very violent formation process of primordial black holes.”There’s also the possibility that primordial black holes are just a fraction of the dark matter, Alonso-Monsalve added.
Persons: Vera Rubin, Kent Ford, ” Rubin, , Fritz Zwicky, Stephen Hawking, , David Kaiser, Stephen Hawking’s, ” Kaiser, didn’t, Elba Alonso, Monsalve, ” Alonso, Alonso, Kaiser, , There’s, Nico Cappelluti, “ Cappelluti, Priyamvada Natarajan, Joseph S, Sophia S, Fruton, Natarajan Organizations: CNN, NASA, Massachusetts Institute of Technology, Science, MIT, University of Miami, Astronomy, Yale University Locations: , American, Swiss, British, South Dakota
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