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☆ An Ivy League sophomore says he found a $105,000 side hustle: selling coveted restaurant reservations
▼ + stars: | 2024-04-27 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

Brown sophomore Alex Eisler has a lucrative side hustle selling restaurant reservations. He vends them on nascent platform Appointment Trader. AdvertisementEisler told Business Insider the most expensive reservation he's ever sold was $1,358 at an omakase restaurant in Boston. Appointment Trader is just one platform helping to turn reservation-selling into a cottage industry of sorts. "It's bad for business," Eric Ripert, chef and co-owner of famed French seafood restaurant Le Bernardin, told The New Yorker.

Persons: Brown, Alex Eisler, Eisler, —, Eisler —, he's, Prime, Carbone, Insider's Linette Lopez, Tock —, Eric Ripert, Bernardin Organizations: Service, Brown University, American Express, Business, Yorker, Bloomberg, New Locations: Boston, New York City

☆ The Fed will be the main event in the week ahead that includes a jobs report, more tech earnings
▼ + stars: | 2024-04-26 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

On top of that, the latest U.S. jobs market scorecard will be released along with more mega-cap earnings. This week, the U.S. 10-year Treasury yield briefly climbed above 4.7% for the first time since November. That's down sharply from the six or seven rate cuts investors were anticipating coming into the year. April jobs Investors will also get an update on the labor picture next week, with the release of the April nonfarm payrolls report set for Friday. Corporate earnings season will also ramp up in the week ahead with a slew of consumer-facing companies set to report.

Persons: Stocks, Powell, David Alcaly, Jerome Powell's, we've, they're, Brian Nick, Matt Stucky, it's, Stucky, Dow Jones, Nick, Archer, Eli Lilly, Kraft, Estee, Ingersoll Rand, Stanley Black, Decker, Hershey Organizations: Nasdaq, Google, Microsoft, Treasury, Lazard Asset Management, Macro, Northwestern Mutual Wealth Management Company, Fed, Apple, Micro Computer, Dallas Fed, Paramount, ON Semiconductor, Chicago PMI, Prudential Financial, Devices, Storage, Diamondback Energy, Caesars Entertainment, Corning, Daniels, Midland, Molson Coors Beverage, Marathon Petroleum, GE Healthcare Technologies, PayPal, ADP, P Global, Manufacturing, Oil, MGM Resorts International, Allstate, Etsy, eBay, Qualcomm, MetLife, First, Devon Energy, Cruise Line Holdings, Brands, Marriott International, Kraft Heinz, Pfizer, Companies, CVS Health, Generac, Mastercard, Labor, Nation Entertainment, Booking Holdings, Natural Resources, Motorola Solutions, Expedia, EOG, Coterra Energy, Dominion Energy, Howmet Aerospace, ConocoPhillips, Moderna, PMI, Services PMI Locations: U.S, Chicago, McDonald's, Albemarle, EOG Resources

☆ Trump wishes Melania happy birthday from the hallway outside his NY criminal trial
▼ + stars: | 2024-04-26 | by ( Jacob Shamsian | Laura Italiano | ) www.businessinsider.com time to read: +3 min

In front of television cameras and a gaggle of journalists, former President Donald Trump wished his wife, Melania Trump, a very happy birthday Friday morning, moments before he entered the courtroom for his criminal hush-money trial. "I want to start by wishing my wife Melania a very happy birthday," he told reporters in the downtown Manhattan courthouse hallway. Trump is spending the day in Manhattan's criminal court, where he's on trial for charges alleging that he falsified business documents to disguise payments to porn star Stormy Daniels. AdvertisementTrump did not address why Melania Trump, or any of his other family members, have not attended the trial to support him. Trump said he listened to the arguments Thursday night, after his court day in Manhattan, and "thought it was really great."

Persons: —, Donald Trump, Melania Trump, Trump, Stormy Daniels, Jason Miller, Boris Epshteyn, Waltine Nauta, Epshteyn, David Pecker, Pecker, Daniels, Karen McDougal Organizations: Service, Hallmark, Business, National Enquirer Locations: Manhattan, Florida, Arizona, Trump's Florida

☆ Lessons in Democracy From F.C. Porto
▼ + stars: | 2024-04-26 | by ( Rory Smith | ) www.nytimes.com time to read: +1 min

Few, though, will prove quite so virulent — or offer quite such an instructive case study of the state of democracy in 2024 — as the one to decide who gets to be president of F.C. Like dozens of clubs around Europe, Porto — one of the three great houses of Portuguese soccer — is owned by its members. Only a small percentage of members vote. The choice is usually between two essentially indistinguishable old men, when there is a choice at all. Until the last round of elections, in 2020, Porto had been a democracy in only the most nominal sense.

Persons: — Organizations: European Union, F.C, Porto Locations: Porto, Europe, Porto —

☆ For Fox News, Student Protests Are a Familiar Target
▼ + stars: | 2024-04-26 | by ( Santul Nerkar | ) www.nytimes.com time to read: +1 min

“Well, House Speaker Mike Johnson crashed Hamas’s spring break at Columbia today.”That quip came from the Fox News host Jesse Watters, who was interviewing Mr. Johnson on his prime-time show Wednesday. In response to a standoff between student protesters and the university’s president, Mr. Johnson had visited Columbia University’s campus, where students had set up encampments in solidarity with Palestinians. “So many of them, Jesse, don’t know what the heck they’re talking about,” Mr. Johnson said. Mr. Johnson’s appearance on “Jesse Watters Primetime” embodied the chiding and often adversarial tone of conservative media toward the latest wave of protests on college campuses over Israel’s campaign in Gaza. “There’s a difference between educated people and smart people,” Mike Huckabee, the former governor of Arkansas and Fox News host, said on the network Tuesday.

Persons: Mike Johnson, Jesse Watters, Johnson, Jesse, don’t, ” Mr, “ Jesse Watters, ”, “, ” Mike Huckabee Organizations: Fox News, Columbia University’s, Ivy League Locations: Columbia, Gaza, Arkansas

☆ Miami is 'ground zero' for climate risk. People are moving to the area and building there anyway
▼ + stars: | 2024-04-26 | by ( Greg Iacurci | ) www.cnbc.com time to read: +20 min

South Pointe Beach in Miami Beach, Florida. Climate risk is "always on our thoughts," said Habibian, 39, who moved to Miami-Dade County about six years ago. Despite that risk, 66% of Miami-Dade County residents said they'd never leave, according to a study published in the journal Climate Risk Management. "We try to be smart about it, try to be proactive as best we can," Arditi said of climate risk. Juxtaposed at left was one of the last remaining patches of mangroves in the urban Miami area, a living memorial to a once-thriving population.

Persons: Greg Iacurci, Daniel Habibian, Harold Wanless, Sonia Brubaker, Saul Martinez, Andrew Rumbach, Rumbach, Joe Raedle, Irma, Al Diaz, they'd, Steven Bustamante, Bustamante, Jeff Greenberg, There's, David Arditi, Arditi, Aria's, Jeff Bezos, Goldman Sachs, Douglas Sacks, Ken Griffin, Brubaker, Biscayne Bay . Miami Worldcenter, Chandan Khanna, Dion Williams, Williams, Dion, Todd Crowl, Crowl, We're, Erik Salna, Chris Baraloto, Rita Teutonico, Amy Knowles, Knowles, it's, City of Miami Beach Greg Iacurci Miami Organizations: Greg Iacurci MIAMI, University of Miami, City, CNBC, Cumming Group, Florida Department of Transportation, Bentley, Bloomberg, Getty, Urban Institute, Organisation for Economic Co, Miami, Volunteers, Florida Keys, Miami Herald, Tribune, Service, Dade, Risk, Yale University's School of, Finance, SEC, Miami Beach, Universal, Group, Aria Development, National Association of Realtors ., Miami Realtors, Amazon, Citadel, Resorts, Bloomberg News, Dade County's, Getty Images, Residences, Pointe Park, Fifth, Afp, Federal Emergency Management Agency, Management, Sunshine, Insurance, Institute, Florida International University Institute of Environment, Hurricanes, University of Pennsylvania, International Hurricane Research, of, Florida International University, City of Miami Beach Locations: Pointe Beach, Miami Beach , Florida, Miami, South Beach, Dade, City of Miami, Dade County, New York, Fort Lauderdale, West Palm, South Florida, Florida, Tampa, St . Petersburg, Miami , Florida, Southeast Florida, Miami Beach, City, Aria's Miami, U.S, California , New York, New Jersey, America, Caribbean, New York City, Biscayne Bay . Miami, Pointe, It's, Surfside, . Florida, Biscayne Bay, Miami's, Bermuda, Kampong, Coconut Grove, Brittany Bay, South Pointe, City of, Brittany Bay Park

☆ I Hid the War in Ukraine From My Son - The New York Times
▼ + stars: | 2024-04-25 | by ( Sasha Vasilyuk | ) www.nytimes.com time to read: +1 min

In January 2022, I was planning a summer trip to Ukraine and Russia for my 4-year-old son and me. I spent half of my childhood in Ukraine and half in Russia before moving to the United States when I was a teenager. When I became a parent, my one, obsessive goal — as a mother raising a child in America with a man who spoke only English — was to teach my son Russian. He started inserting English words in otherwise Russian sentences and talking to himself in English while playing alone. A visit to Ukraine and Russia would allow him to see that his mother’s native language wasn’t a quirk of hers but something normal for millions of people.

Locations: Ukraine, Russia, United States, America, Russian, Kyiv, Moscow

☆ Billionaire's million-dollar Nantucket beach house has officially been swept away
▼ + stars: | 2024-04-25 | by ( Madeline Berg | Dan Latu | ) www.businessinsider.com time to read: +6 min

This story is available exclusively to Business Insider subscribers. AdvertisementA representative for Sternlicht told Business Insider the house was to be demolished but did not provide further comment. The tony island of Nantucket is a favorite among billionaires like former Google CEO Eric Schmidt and Blackstone leader Steve Schwarzman. "Erosion takes out houses, roads, infrastructure, sewer beds, even airport runways," he told Business Insider. Despite the island's propensity for natural destruction, the town has strict rules regarding what structures owners can take down.

Persons: Barry, Sternlicht, Forbes, Shelly Lockwood, tony, Eric Schmidt, Steve Schwarzman, James Pallota, Pallota, Lockwood, Brendan Maddigan, Steven Cohen, Cohen Organizations: Service, Billionaire, Business, Sternlicht, Nantucket Current, Blackstone, Celtics, Boston Globe Locations: Nantucket

☆ Meta stock plunges on ‘aggressive’ AI spending plans
▼ + stars: | 2024-04-25 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

London CNN —Shares in Meta plunged in premarket trading Thursday as the Facebook owner’s plans to “invest aggressively” in artificial intelligence spooked investors. The company is competing head-to-head with Microsoft and Google to unlock the enormous potential of AI. Meta (META), which also owns WhatsApp and Instagram, said Wednesday that first-quarter profit more than doubled year-on-year, while revenue was up 27%. Meta said full-year capital expenditure would be in the range of $35-40 billion — up from previous guidance of $30-37 billion — as it continues to accelerate infrastructure investments to support AI. Meta has forecast revenue of $36.5-39 billion, versus analyst expectations of $38.2 billion.

Persons: —, ” Sophie Lund, Yates, Hargreaves Lansdown, Meta, Mark Zuckerberg, ”, Stephen Innes Organizations: London CNN —, Meta, Facebook, Microsoft, Google, ”, Management

☆ Standard Chartered doubles down on its prediction that bitcoin will reach $150,000 by the end of the year
▼ + stars: | 2024-04-25 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Bitcoin is set for more price gains later this year, even after a recent retreat in prices, according to Standard Chartered's top crypto analyst. Geoffrey Kendrick, head of foreign exchange research, West, and digital assets research at Standard Chartered, said in a research note this week that he sees bitcoin rising to $150,000 per coin, and ether hitting $8,000 by the end of 2024 — doubling down on a bullish prediction from the bank earlier this year. Bitcoin temporarily sank below $60,000 last week as traders reacted to news of an escalating military conflict between Iran and Israel. Also, large long liquidations over the past couple of weeks mean that market positioning is a lot cleaner," Kendrick said. "As a result, with Middle East tensions easing I think it is time to re-engage in medium-term longs."

Persons: Geoffrey Kendrick, Kendrick, Bitcoin, bitcoin, That's Organizations: Standard Chartered, BTC, ETH, Securities and Exchange Commission, Treasury, HK Locations: Israel, Iran, United States, U.S

☆ 2 founders of a crypto mixer charged with laundering funds from the dark web
▼ + stars: | 2024-04-25 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

The cofounders of crypto mixer Samourai Wallet were charged with money laundering. The service anonymized hundreds of millions of dollars for dark web criminals, prosecutors said. AdvertisementThe cofounders of a cryptocurrency mixing service called Samourai Wallet — which rendered crypto transactions anonymous — have been arrested and charged with money laundering, according to an indictment unsealed Wednesday. Rodriguez and Hill were charged with conspiracy to commit money laundering and conspiracy to operate an unlicensed money transmitting business. Related storiesThe Samourai Wallet website has been seized.

Persons: Samourai's cofounders, —, — Keonne Rodriguez, William Lonergan Hill —, Rodriguez, Hill, James Smith, haven't Organizations: Service, Prosecutors, Southern, of, FBI Locations: of New York, Portugal, DMs

☆ Taylor Swift's feud with Kim Kardashian has been reignited once again. Here's what you need to know.
▼ + stars: | 2024-04-24 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +17 min

Read previewPlenty of context is required to understand why Taylor Swift and Kim Kardashian are paired in new headlines this week — especially since, to the public's knowledge, they haven't interacted in years. It all started when Kardashian released clips of a phone call between Swift and Ye, without Swift's knowledge or permissionTaylor Swift, Kanye West, and Kim Kardashian at the 2015 Grammys. Kardashian's footage shows the rapper reading Swift the original line, "I feel like Taylor Swift might owe me sex," which she approvingly described as "obviously very tongue-in-cheek." Swift also liked a BuzzFeed headline that argues, "Everyone Owes Taylor Swift An Apology," among others, including a fan-made "Taylor told the truth mood board." AdvertisementIn 2024, Swift's song Thank You Aimee' reignited interest in her fued with KardashianTaylor Swift and Kim Kardashian.

Persons: —, Taylor Swift, Kim Kardashian, Swift, Aimee, aIMee, Kardashian, Kardashian's, Kanye West, Ye, Kanye, Larry Busacca, Pablo, Taylor, Beyoncé should've, Beyoncé, Tree Paine, KimExposedTaylorParty, egged, — Kim Kardashian, Rolling Stone, Kardashian Taylor Swift, Kevin Mazur, Dave J Hogan, Dimitrios Kambouris, WireImage, It's, I'm, you've, didn't, Nobody, Paine, Cassandra, Jeff Kravitz, Steve Granitz, FilmMagic Swift, KIM Organizations: Service, Department, Business, Swift, Guardian, Kanye, YouTube, WHO, World Health Organization, America, Poets Department

☆ Live Updates: Biden Speaks About Aid Package for Ukraine and Israel
▼ + stars: | 2024-04-24 | by ( Zolan Kanno-Youngs | ) www.nytimes.com time to read: +7 min

Artillery ammunition has been in short supply for the Ukrainian military for more than a year. Now that the Senate has approved a nearly $61 billion aid package to Ukraine, and with President Biden poised to sign it, desperately needed American weapons could be arriving on the battlefield within days. The Senate has approved a nearly $61 billion aid package to Ukraine. The Pentagon has prepared what a U.S. official said on Tuesday was a $1 billion military aid package to be rushed to Ukraine once Mr. Biden signs the funding bill. Jens Stoltenberg, NATO’s secretary general, said on Tuesday that the American aid package would allow for “advanced air-defense systems” to Ukraine but did not specify which kind.

Persons: Biden, Yehor Cherniev, Volodymyr Zelensky, Zelensky, Mr, —, Doug Mills, ATACMS, Lynsey Addario, Jens Stoltenberg, Stoltenberg, Mark Warner, ” Mr, Brendan Hoffman, Oksana Markarova, Markarova, “, Ms Organizations: Artillery, House Republicans, Ukrainian, Tactical Missile Systems, New York Times Artillery, NATO, Pentagon, U.S, Reuters, Artillery Rocket Systems, The New York Times, Patriot, “, Air Force, Democrat, Senate Intelligence, NBC, ., The New York Times Weapons, Ukrainska Pravda Locations: Donetsk, Ukraine, Russian, Russia, United, Kherson, United States, Germany, ”, American, Virginia, Kyiv, Ukraine’s, Europe

The winners from the TikTok battleThe countdown to TikTok disappearing from the United States is about to start. The Senate overwhelmingly passed legislation to force the divestment of the video app by its Chinese owner, ByteDance, within a year or be banned. Barring the app from U.S. shores could take months, or even years — if it actually happens. The road ahead is complicated, and any disruptions to the app could bolster its American rivals. Analysts at Bernstein have estimated that, should TikTok be banned, Meta could draw up to 60 percent of TikTok’s American ad revenue, while YouTube could take another 25 percent or so.

Persons: Biden, Bernstein Organizations: Google, Meta, YouTube Locations: United States

Arizona took a major step on Wednesday toward scrapping an 1864 law banning abortion, when three Republican lawmakers in the state House of Representatives broke ranks with their party and voted with Democrats to repeal the ban. Republican leaders had thwarted earlier repeal efforts in the two weeks since the Arizona Supreme Court ignited a political firestorm by reviving the Civil War-era law, which outlaws abortions from the moment of conception except to save the mother’s life. “The people of Arizona are waiting for us to get this done,” said Rep. Stephanie Stahl Hamilton, a Democrat, who introduced the one-sentence bill to undo the 1864 law. Many voters denounced the ban — which provides no exceptions for cases of rape or incest — as a draconian intrusion into women’s rights. And some Republicans — including former President Donald J. Trump — said they wanted the Legislature to scrap it quickly, to try to head off a possible election-year backlash.

Persons: “, ”, Stephanie Stahl Hamilton, —, Donald J, Trump — Organizations: Arizona, Republican, Democrat Locations: Arizona

☆ ‘Don’t Inject Bleach’: Biden Mocks Trump on Anniversary of Covid Comments
▼ + stars: | 2024-04-24 | by ( Zolan Kanno-Youngs | More About Zolan Kanno-Youngs | ) www.nytimes.com time to read: 1 min

Four years ago this week, President Donald J. Trump suggested that Americans might want to inject disinfectant into their bodies to treat the coronavirus. The Biden campaign is intent on making sure nobody forgets it. On Air Force One, on social media and from the presidential lectern, President Biden has homed in on the infamous moment — one that crystallized the chaos of the Trump presidency — as he trolls his political opponent. “Remember when he was trying to deal with Covid, he said just inject a little bleach in your veins?” Mr. Biden said on Wednesday after picking up the endorsement of North America’s Building Trades Unions. It all went to his hair.”Just a day before, Mr. Biden shared a video of Mr. Trump’s suggestion to inject disinfectant on X, the platform formally known as Twitter.

Persons: Donald J, Trump, Biden, —, Mr, “ Organizations: Air Force, Trump, Covid, Twitter Locations: America’s

☆ NASA and Nokia are taking 4G into space
▼ + stars: | 2024-04-24 | by ( Jack Bantock | ) edition.cnn.com time to read: +5 min

That’s the shared vision of NASA and Nokia, who have partnered to set up a cellular network on the Moon to help lay the building blocks for long-term human presence on other planets. A SpaceX rocket is due to launch this year — the exact date has yet to be confirmed — carrying a simple 4G network to the Moon. The 4G network unit is being built by Nokia’s Bell Labs using a range of off-the-shelf commercial components. Images of ice — transmitted back to the lander and then Earth in near real-time via the cellular network — would be a world-first. NASA selected Bell Labs as part of its Tipping Point initiative, a series of partnerships with companies to develop technologies for future missions that puts them in prime position for key roles in the future space economy.

Persons: ” Walt Engelund, Shackleton, Engelund, Artemis —, ”, ” Thierry Klein, ” Klein Organizations: CNN, NASA, Nokia, SpaceX, Technology, Nokia’s Bell Labs, Nokia Bell Labs, Bell Labs, US Defense, Research Projects Agency, DARPA, Bell Labs Solutions Research, Nokia Bell

☆ Here's why Biden administration believes new student loan forgiveness plan will survive legal challenges
▼ + stars: | 2024-04-23 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

US President Joe Biden speaks about student loan debt relief at Madison Area Technical College in Madison, Wisconsin, April 8, 2024. The aid package is narrowerBiden's 2020 campaign promise to erase student debt was thwarted at the Supreme Court in June. Biden had tried to forgive the debt of nearly all 40 million federal student loan borrowers, with many people getting up to $20,000 in cancellation. As a result, for critics of broad student loan forgiveness, Biden's new plan looks a great deal like his first. Biden's first forgiveness plan was based on the Higher Education Relief Opportunities for Students Act, or HEROES Act, of 2003.

Persons: Joe Biden, Andrew Caballero, Reynolds, Joe Biden's, Biden didn't, Biden, who've, Biden's, Andrew Bailey, X, Bailey, There's, didn't, John Roberts, Lyndon B, Johnson, Sen, Elizabeth Warren, Warren Organizations: Madison Area Technical College, AFP, Getty, U.S . Department of Education, Republican, Higher, Higher Education, Act, Biden, ., of Education Locations: Madison , Wisconsin, Missouri, . Nebraska

☆ My 4 cousins and I all have the same first name. We go by nicknames instead.
▼ + stars: | 2024-04-23 | by ( Conz Preti | ) www.businessinsider.com time to read: +3 min

The law dictates that people can't have more than three names, can't have last names as names, and can't be named exactly the same as a living sibling. There's even a list of approved names people can name their kids, featuring traditional names like Adriana and Lourdes and religious names like Abraham and Adan. However, we go by nicknames or variations of our middle names, which are all different. So my cousins and I are: Maria Cecilia, Maria Carolina, Maria Constanza, Maria Julieta, and Maria Eugenia. When it came to naming kids with my husband, we chose short and unique first names, and traditional Spanish middle names.

Persons: Adriana, Lourdes, Abraham, Adan, Maria, —, Maria Cecilia, Maria Carolina, Maria Constanza, Maria Julieta, Maria Eugenia, Caro, Conz, I'm Organizations: Service, Business Locations: Argentina, Spanish

☆ Trump thought hush money was risky because 'It always gets out,' National Enquirer exec testifies. In this case, Trump was right.
▼ + stars: | 2024-04-23 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

"It always gets out," Pecker testified Trump told him. "It always gets out," Trump explained of his hesitancy, according to the trial's first witness, former National Enquirer publisher David Pecker. Advertisement"I think the story should be purchased and you should buy it," Pecker told jurors, describing what he told Trump about McDougal's accusations during a June, 2016 phone call. But Trump wanted nothing to do with the McDougal payoff, Pecker said Tuesday, his second day on the witness stand. But Trump is now on trial for a second hush-money payment that prosecutors say has Trump's fingerprints all over it — the payment to Daniels.

Persons: Donald Trump's Manhattan, David Pecker, Pecker, Trump, —, Donald Trump, Model Karen McDougal, Stormy Daniels, Alvin Bragg's, Daniels, Bragg, McDougal, Michael Cohen —, Cohen, Melania Trump, Barron, Pecker's Organizations: Service, National Enquirer, Trump Organization, Trump Org

☆ Remember that Versace dress Jennifer Garner wore in ‘13 Going on 30"?
▼ + stars: | 2024-04-23 | by ( Marie Lodi | ) edition.cnn.com time to read: +8 min

DeSanto accessorized the dress with colorful Swarovski crystal jewelry by Tarina Tarantino, including a blue butterfly statement necklace. Columbia Pictures/Everett CollectionDecades later, the dress has become a beloved artifact for nostalgic rom-com fans and modern fashion enthusiasts alike. “(Garner) put it on, we got her all dolled up, she went to dance, and we moved on,” she said. DeSanto also credits director Gary Winick, who died in 2011, for the film’s fashion sense. As DeSanto points out, “13 Going on 30” is a story about a young woman coming into herself — and how, more than anything, it’s important just to be yourself.

Persons: —, Jenna Rink, Gilson nightgown, baguette, Susie DeSanto, Jennifer Garner, Miu Miu, Prada, Ralph Lauren, Roberto Cavalli, Versace, ” DeSanto, “ I’d, Giovanni Giannoni, Jenna, partygoers, Michael Jackson’s, — Versace, DeSanto, Tarina Tarantino, Tarantino, Marc Jacobs’s, — she’s, ”, “ It’s, Betsey Johnson tutus, Christa B, Allen, Ariana Grande, wasn’t, weren’t, “, Garner, Stella McCartney, Alberta Ferretti, Mark Ruffalo, Jen, we’re, I’ve, Gary Winick, Gary, ” Winick, Mark Ruffalo’s Organizations: CNN, Fairchild, Penske Media, Columbia Pictures, Everett Locations: Manhattan, lockstep, Barney’s, Italy, Etsy, Alberta, “, New York

☆ The stock market 'correction' is not over yet, JPMorgan’s Kolanovic says
▼ + stars: | 2024-04-23 | by ( Fred Imbert | ) www.cnbc.com time to read: +1 min

Don't be fooled by Monday's bounce, JPMorgan's Marko Kolanovic warned. The S & P 500 entered the week down more than 5% from an all-time high reached earlier in the year. A correction is generally defined as a 10% drop from a 52-week high. "Market concentration has been very high, and positioning extended, which are typically red flags, at risk of a reversal." "The combination of these macro factors increases the downside risks, and suggests that more Defensive trading should be appropriate," he added.

Persons: JPMorgan's Marko Kolanovic, Kolanovic, —

☆ India's high unemployment is a 'ticking bomb,' opposition says as election battle with Modi's BJP heats up
▼ + stars: | 2024-04-23 | by ( Vinay Dwivedi | ) www.cnbc.com time to read: +4 min

India's unorganized sector, which is made up of millions of small businesses that are privately owned, make up about 93% of the country's total workforce. As many as 32% of the respondents said increasing unemployment was the key reason why they would not elect the BJP again. India's Labour Ministry did not immediately respond to CNBC's queries pertaining to the country's unemployment situation. Rajan, who was speaking about how to make India an advanced economy at the George Washington University, said: "Unemployment numbers are high, disguised unemployment is even higher. A slowdown in hiring in India's huge information technology sector is also to blame for the lack of well-paying, white-collar jobs.

Persons: Rahul Gandhi, Narendra Modi, Modi, Gandhi, —, Manmohan Singh, Arun Kumar, Lokniti, joblessness, Kumar, Raghuram Rajan, Rajan Organizations: DELHI, International Labour Organisation, Institute of Human, Goods, Services Tax, Jawahar Lal Nehru, CNBC, ILO, Bharatiya Janata Party, Indian National Congress, BJP, Modi, India's Labour Ministry, Former Reserve Bank of India, George Washington University, Labor Locations: India, Bihar, New Delhi

☆ Why this is perfect time to buy health-care stocks, one financial advisor says
▼ + stars: | 2024-04-23 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Health care shouldn't be overlooked as a place to buy amid the current market turmoil, according to Jamie Cox, managing partner at Harris Financial Group. He's been particularly interested in health care — pharma more specifically — as the industry feels tailwinds from artificial intelligence and the weight-loss drug boom. "The amount of money that the health care industry is making is being completely ignored by investors," Cox told CNBC Pro. "The noise of the short-term back-and-forth ... gives you good opportunity to buy high-quality companies, while people are just selling indiscriminately." For more diversified exposure, Cox recommended the Vanguard Health Care ETF (VHT) .

Persons: Jamie Cox, Cox, He's, FactSet, That's, they're, Johnson, Eli Lilly Organizations: Harris Financial Group, Federal Reserve, pharma, CNBC, Pharma, Novo Nordisk, Novartis, Pfizer, Swiss, Novo, Vanguard Health Care Locations: U.S

Ms. Daniels, who may testify, says that she and Mr. Trump had a sexual encounter in 2006, a claim the former president denies. Mr. Trump has also denied the 34 felony charges, calling them orchestrated by Democrats; if convicted, the former president could face probation or up to four years in prison. Pool photo by Mark PetersonMr. Blanche also attacked Mr. Cohen, a former lawyer and fixer for Mr. Trump. He called the heart of the prosecution case just “34 pieces of paper” that don’t involve Mr. Trump. During his own side’s opening statement, Mr. Trump sat largely motionless and expressionless watching his lawyer Mr. Blanche.

Persons: Donald J, Trump, Stormy Daniels, Daniels, Trump’s, ” doesn’t, Matthew Colangelo, Mr, Todd Blanche, ”, It’s, Mark Peterson Mr, Blanche, Cohen, Letitia James, —, David Pecker, Prosecutors ’, ambled, ” Mr, Pecker, Marion Curtis, We’re, Juan M, Pecker —, Merchan Organizations: Trump, Mr, Trump Tower, New, Prosecutors, National Enquirer, Reuters Locations: Manhattan, Lower Manhattan

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