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The next iteration of quiet luxury? The jazz era.
  + stars: | 2024-01-24 | by ( Priya Raj | ) www.businessinsider.com   time to read: +3 min
A stylist told Business Insider the jazz aesthetic is close to the quiet luxury aesthetic. Jazz-inspired outfits are the original quiet luxury, Eagle saysHailee Steinfeld wearing opera gloves at the 2024 Golden Globes in Beverly Hills, California. Axelle/Bauer-Griffin/FilmMagic/Getty ImagesEagle told BI the jazz aesthetic lends itself to the quiet luxury aesthetic, which became popular in 2023 and is likely to continue in 2024 too. AdvertisementShe said a way to tap into the jazz trend is to focus on the roaring 20s and "old Hollywood vibe." AdvertisementAnd for fans of the viral bow trend, Eagle said a hair bow would bring the look together.
Persons: , Zs, Erin Eagle, Hailee Steinfeld, Bauer, Griffin, it's, Eagle Organizations: Service, Globes, Axelle, Eagle, McKinsey Locations: Beverly Hills , California
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA wheel under the nose of a Boeing 757 operated by Delta Air Lines popped out of place and rolled down a hill as the passenger jet prepared for takeoff, per the Federal Aviation Administration. The Delta flight on Saturday was carrying 184 passengers, four cabin crew, and two pilots, as it prepared to depart from an airport in Atlanta, Georgia, per a preliminary FAA report filed on Monday. The aircraft was lining up and waiting for takeoff when its "nose wheel came off and rolled down the hill," it stated. AdvertisementBoeing and Delta did not immediately respond to requests for comment sent by BI outside regular business hours.
Persons: , Delta, Max Organizations: Service, Boeing, Delta Air Lines, Federal Aviation Administration, Business, FAA, Washington Post, Hartsfield, Jackson International Airport, Alaskan Airlines, Max, Delta, BI Locations: Atlanta , Georgia, Bogotá, Colombia
Apple is pivoting to a less ambitious design for its autonomous EV, Bloomberg reported. The tech giant is pivoting to a less complex design and delaying the launch date for its planned autonomous vehicle, Bloomberg reported, citing people familiar with the situation. Following board meetings, the company has limited the car's autonomous features and downgraded the EV to Level 2+ autonomy, Bloomberg reported. AdvertisementApple's EV release date has also been pushed back, with the company expecting a 2028 launch at the very earliest, the Bloomberg report said. Its most formidable competitors will likely be Tesla and China's BYD, both of which dominate the global EV market.
Persons: , Apple, Forbes, BYD Organizations: Apple, EV, Bloomberg, Service, Mercedes, Benz, Business, Reuters
Ex-Google CEO Eric Schmidt has reportedly been building a startup called White Stork. AdvertisementFormer Google CEO Eric Schmidt is building a military startup called White Stork, which plans to produce AI attack drones , Forbes reported. White Stork wants to mass-produce drones that can use AI to identify targets, the new report said. The latest Forbes story also details how Schmidt has used an intricate business structure through several Limited Liability Companies. White Stork was an LLC called Swift Beat Holdings but changed its name to White Stork Group last September.
Persons: Eric Schmidt, Schmidt, , Forbes, White Stork, Stork, Swift Organizations: Forbes, Service, Swift, Holdings, White, Group, Robotics, Google, Department of Defense's Innovation, Business
Housing affordability is near its lowest levels in four decades as mortgage rates and home prices have skyrocketed relative to incomes. But according to Point2, an online real-estate marketplace, there are still areas where young buyers are finding deals. In building their ranking model, they considered factors like home price-to-income ratios, the local Gen Z unemployment rates, Gen Z homeownership rates, inventory, days on the market, and more. "Student loans and the rising cost of living means that Gen Z inherited the affordability concern from millennials," the report said. Below, we've listed the top 20 cities on Point2's index, along with their composite scores, local home price-to-income ratios, and Gen Z unemployment rates.
Persons: Gen Z, Z, We've Organizations: Business Locations: Redfin
US military buildings damaged by the rogue waves on Kwajalein Atoll, January 21, 2024. U.S. Army Garrison-Kwajalein AtollPhotos released by the US military showed damage to Roi-Namur infrastructure in Kwajalein Atoll, January 21, 2024. Photos released by the US military showed damage to Roi-Namur infrastructure in Kwajalein Atoll, January 21, 2024. U.S. Army Garrison-Kwajalein Atoll“The impacts of these waves are also more strongly felt across low-lying islands, which includes the Marshall Islands,” he said. Photos released by the US military showed personnel being moved from Roi-Namur island on Kwajalein Atoll, January 21, 2024.
Persons: , Drew Morgan, U.S . Army Garrison, Robert Shackelford, Shackelford, , Ronald Reagan Organizations: CNN, US Army, Marshall, Facebook, Army, U.S . Army, National Weather Service, Geological Survey, Missile Defense Command, Ronald, Ronald Reagan Ballistic Missile Defense, Department of Defense, U.S . Strategic Command Locations: Roi, Namur, Kwajalein, Republic, Atoll, Kwajalein Atoll, USAG, Marshall, Hawaii
(Reuters) - The Biden administration is seeking to reduce the use of U.S.-made guns in foreign crimes and human rights violations by tightening oversight and rules governing commercial exports of semiautomatic weapons, Bloomberg reported on Wednesday.This follows a review by the U.S. Commerce Department of its support for American gunmakers after a Bloomberg investigation linked increasing civilian gun exports to higher rates of global gun crime, according to the report, which cited draft rules obtained by Bloomberg. Commerce Department officials described the proposed changes to advocacy groups and others last week, telling them that the U.S. State Department would have more influence over vetting exports to countries with poor human-rights records, the Bloomberg report said, citing people who were briefed. Under the draft rules, officials would create distinct trade categories for semiautomatic firearms - including pistols, rifles and shotguns, making it easier for federal regulators to scrutinize exports of those weapons, Bloomberg said. In October last year, the Commerce Department stopped issuing export licenses for most civilian firearms and ammunition for 90 days to assess the "risk of firearms being diverted to entities or activities that promote regional instability, violate human rights, or fuel criminal activities." (Reporting by Devika Nair in Bengaluru; editing by Mark Heinrich)
Persons: Biden, Devika Nair, Mark Heinrich Organizations: Reuters, Bloomberg, U.S . Commerce Department, Bloomberg . Commerce Department, U.S . State Department, Commerce Department Locations: U.S, Bengaluru
Read previewSaudi Arabia is to open its first store serving alcohol, Reuters reported, catering exclusively to non-Muslim diplomats. The store will open in Riyadh, the Saudi capital, the report said. AdvertisementThe move comes as Saudi Arabia's ruler, Crown Prince Mohammed bin Salman, is seeking to liberalize the image of Saudi Arabia, whose laws derive from an ultra-conservative interpretation of Islam. Under Saudi law, alcohol is banned, and judges can hand out severe punishments including public flogging for those who violate them. Crown Prince Mohammed is trying to attract foreign tourism and billions in investment as he pivots the kingdom away from its reliance on fossil fuels as part of its Vision 2030 plan.
Persons: , it'll, Prince Mohammed bin Salman, Prince Mohammed Organizations: Service, Reuters, Business, Saudi, Wall Street Locations: Saudi Arabia, Riyadh, Saudi
The CSIS surveyed 52 US experts on whether they think China can successfully invade Taiwan. AdvertisementA new survey of leading experts from the US and Taiwan casts doubt on China's ability to invade Taiwan with its current military strength. CSIS also surveyed 35 experts from Taiwan, of whom only 17% said they felt China had the power to successfully execute an invasion. China could also impose a military blockade on Taiwan, which 81% of US experts believe Beijing could do, while 60% of the experts from Taiwan concurred. Around 68% of American experts think such a crisis is likely to occur.
Persons: , China —, William Lai Ching, Tsai Ing, Xi Jinping, Ma Ying, ROSLAN RAHMAN, Lai Organizations: CSIS, Service, Center for Strategic, International Studies, Liberation Army, Democratic Progressive Party, Kuomintang, Getty Locations: China, Taiwan, Beijing, Congress, Washington, Taipei . Lai
LegalShield's Consumer Stress Legal Index showed consumer financial stress is continuing to rise. LegalShield on Tuesday said its Consumer Stress Legal Index rose to 66.7 in December, up by 0.4 points from the prior month, showing that US consumers' financial stress is at its highest level since November 2020. AdvertisementUS consumer financial stress has soared to its highest in three years. "The rise in consumer stress in contrast to increased spending may point to an even sharper rise in household debt in the coming months." The increase in consumers' financial stress comes even as GDP growth has stayed strong, the labor market remains robust, and holiday retail spending was high.
Persons: , Matt Layton Organizations: Service, National Association of Business Economics, Federal Reserve Bank of New Locations: Federal Reserve Bank of New York
A Boeing 757 plane operated by Delta Air Lines lost a nose wheel as it prepared to take off from Atlanta’s main airport on Saturday, according to the Federal Aviation Administration. Delta Air Lines Flight 982 was preparing to take off from Hartsfield-Jackson Atlanta International Airport for a trip to Bogotá, Colombia, at about 11:15 a.m. Saturday when a “nose wheel came off and rolled down the hill,” the agency said in a preliminary report. More than 170 passengers who were aboard had to deplane, but no one was hurt, the report said. A Delta spokesman said the passengers were put on a replacement flight. A Boeing spokesman declined to comment and directed questions to Delta.
Organizations: Boeing, Delta Air Lines, Federal Aviation Administration, Hartsfield, Jackson Atlanta International Airport, Delta Locations: Atlanta’s, Bogotá, Colombia
About 10 Google employees from its office in Seoul have accepted the company's suggestion to resign, the report said. Around 100 Google workers in Korea formed a union last year due to mounting concerns over the industry-wide layoffs in the US. "With the ongoing job cuts within the US tech industry, employees have been concerned about their job security and decided to establish a union," Kim Jong-sub, head of the Google Korea union, told Korea Herald last April. Google laid off 12,000 employees in 2023 — about 6% of its headcount — and it's continuing to make job cuts this year. A total of 262,595 employees were laid off from 1,186 tech companies in 2023, Layoffs.fyi, which tracks job cuts, showed.
Persons: KangNam, Bongsoo Jung, Kim Jong, Sundar Pichai, Hugh Langley, Google didn't Organizations: Service, Google, Korea JoongAng Daily, Business, Google Korea, Korea Herald, Korea Locations: South Korea, Korea, Seoul
Hong Kong CNN —Chinese shares haven’t just had a bad start to 2024. The astonishing losses, reminiscent of the last Chinese stock market crash of 2015-2016, highlight a crisis of confidence among investors concerned about the country’s future. But on the same day, major state-owned banks moved to support the Chinese yuan, in order to prevent the currency from falling too fast as Chinese shares plunged, according to a Reuters report, citing unnamed sources. Topics related to the “market plunge” and “China’s stock market rescue” were trending on Weibo on Tuesday. “I’m sad about today’s stock market performance,” Hu Xijin, former editor-in-chief for state newspaper Global Times, posted on Weibo on Monday.
Persons: It’s, , Goldman Sachs, Wall, Li Qiang, , Nomura, bedeviling, Beijing’s, Li, Ken Cheung, ” Hu Xijin, “ Hu Organizations: Hong Kong CNN, Reuters, Bloomberg, Monday, People’s Bank of China, , Big Tech, Xinhua, Hong, Mizuho Bank, Global Times Locations: China, Hong Kong, Shanghai, Shenzhen, Japan, Asia, Beijing, US, Weibo
It said China plans to tap offshore funds held by Chinese state-owned enterprises and also local funds. Elsewhere in Asia, South Korea's Kospi rose 0.6% to 2,478.61 and Australia's S&P/ASX 200 added 0.5% to 7,514.90. ADM also said it expects to report profit for the full year of 2023 that’s below what analysts were forecasting. That in turn has relaxed the pressure considerably on the stock market and helped it to rip higher. In other trading, U.S. benchmark crude oil rose 9 cents to $74.85 per barrel in electronic trading on the New York Mercantile Exchange.
Persons: Seng, Tan Boon Heng, , ” Tan, Sunoco, Archer Daniels Midland, Tesla Organizations: Bloomberg, Mizuho Bank, Nikkei, Bank of Japan, U.S ., Dow Jones, Nasdaq, Technologies, NuStar Energy, ADM, American Airlines, Intel, Procter, Gamble, Federal Reserve, Treasury, New York Mercantile Exchange, Brent Locations: BANGKOK, Asia, Hong Kong, Shanghai, Beijing, China, South, U.S
United has had dozens of Boeing 737 Max 9s grounded since loose bolts were discovered this month. The grounding came after a door plug blew off an Alaska Airlines aircraft mid-flight. Following the incident, the Federal Aviation Administration grounded 171 Boeing 737 Max 9 aircraft for inspections. Inspections at United revealed loose bolts in its Boeing 737 Max 9 aircraft. United on Monday said the company expects a first-quarter adjusted loss of 35 to 85 cents a share due to the Boeing 737 Max 9 grounding.
Persons: Scott Kirby, , Kirby, Max Organizations: Boeing, Max, Alaska Airlines, Bloomberg, Service, United, Federal Aviation Administration, Monday, Business, Boeing's, FAA, Delta Airlines Locations: Alaska
People under 50 in the US are dying from colorectal cancer at an increasing rate. AdvertisementMore people under the age of 50 are dying of colorectal cancer than ever before, according to the American Cancer Association. The disease is sometimes called colon cancer or rectal cancer, depending on where it starts. When colorectal cancer is caught early, before it has spread, the chance a person will live for another five years is about 90%. AdvertisementShe now visits her gastroenterologist regularly, eats healthy, exercises, and raises awareness of the signs of colorectal cancer.
Persons: , Kimmie Ng, you've, JJ Singleton, Singleton, Lynch, Tom McKenna, Paula Chambers Raney, Doctors, gastroenterologist, Kim Schewitz, kschewitz@businessinsider.com Organizations: Service, American Cancer Association, Dana, Farber Cancer Institute, NBC Locations: Boston
The quake struck Wushi county, also known as Uqturpan county, in Aksu prefecture near the Kyrgyzstan border shortly after 2 a.m. local time, state-run news agency Xinhua reported. Strong tremors caused two houses to collapse and downed two major power lines near the epicenter, though electricity was quickly restored, according to Xinhua. The Xinjiang railway authority immediately sealed off routes in areas affected by the quake and suspended 27 trains, Xinhua reported. Nearly 200 rescue workers have been dispatched to the quake zone, and hundreds more are being assembled, Xinhua reported. The tremors were also felt across the border in Kyrgyzstan, according to the United States Geological Survey.
Persons: Organizations: Hong Kong CNN, Xinhua, CCTV, China Earthquake Networks, United States Geological Survey, Reuters, Residents, United Nations Locations: Hong Kong, China’s, Xinjiang, Central, Aksu prefecture, Kyrgyzstan, Xinhua, Wushi, Kashgar, Hotan, Kazakhstan, Almaty, Uzbekistan, China, Beijing, Gansu, Qinghai
Manila’s traffic is so bad Coldplay sang about it
  + stars: | 2024-01-22 | by ( Kathleen Magramo | ) edition.cnn.com   time to read: +3 min
Online critics questioned why Marcos was spending public funds to attend a concert and criticized his lack of action in fixing mass transport. Liza Marcos/FacebookThe next night, Martin dedicated an impromptu song about it, singing, “There is only really one thing that remains. The traffic here in Manila is completely insane.”Manila topped the 2023 TomTom Traffic Index list of metro areas with the slowest travel time of almost 400 cities in 55 countries worldwide. The transport-focused tech company estimates that Manila’s average speed during rush hour is 19 kilometers per hour (11 miles per hour), and about 52% of its roads are congested. A 2-mile drive will take a week or two,” Martin added to the tune, as fans cheered in agreement.
Persons: CNN —, Chris Martin, Ferdinand Marcos Jr, Marcos, , Marcos ’, Coldplay, concertgoers, “ We’ve, Liza Araneta, Liza Marcos, Martin, ” Martin, Jaime Bautista Organizations: CNN, Philippine, Department of Transport, Philippine News Agency Locations: Philippines, Philippine, Bulacan, Manila
CNN —Israeli Prime Minister Benjamin Netanyahu has rejected Hamas’ conditions for an end to the Gaza war in exchange for the release of hostages held there, labeling such a prospect as “surrender.”In order to release the remaining hostages, Netanyahu said Hamas was demanding an end to the war, the release of Palestinian prisoners and the withdrawal of Israeli forces from Gaza. Out of the 253 hostages Israel says Hamas seized on October 7, Israel believes that 132 are still in Gaza, of whom 104 are thought to be alive. Relatives and supporters of the Israeli hostages held in the Gaza Strip by Hamas attend a protest calling for their release outside Israeli Prime Minister Benjamin Netanyahu's residence, in Jerusalem on Sunday. Netanyahu is under mounting pressure from the Israeli public to secure the release of captives in Gaza. Leo Correa/APMeanwhile, the death toll in Gaza on Sunday surpassed 25,000, according to the Hamas-controlled health ministry in the enclave.
Persons: Benjamin Netanyahu, , Netanyahu, Israel, Benjamin Netanyahu's, Ohad, Gadi Eisenkot, Eisenkot, You’d, ” Netanyahu, , Leo Correa, Joe Biden, Israel’s, Josep Borrell Organizations: CNN, Israeli, Hamas, CNN’s, Sunday Locations: Gaza, Egypt, Qatar, Israel, Tel Aviv, Jerusalem, Jordan, Palestinian
A watchdog review into market trading from two former high-ranking Federal Reserve officials criticizes their actions but does not accuse either of doing anything illegal. Revelations showed that some Fed officials engaged in market trading at a time when they also were considering important and delicate policy matters in the early days of the Covid pandemic in 2020. The report concludes that their actions resulted in conflicts of interest that raised issues over impartiality and the proper conduct of central bank officials. On Kaplan, the report states that the OIG "did not find that his trading activities violated laws, rules, regulations, or policies related to trading activities as investigated by our office." Since the controversy, the Fed has revamped its trading rules and now prohibits officials from owning stocks, bonds and cryptocurrencies.
Persons: Robert Kaplan, Eric Rosengren, — Kaplan, Jerome Powell, Richard Clarida, Raphael Bostic, Clarida, Kaplan Organizations: Eccles Federal, Federal, Fed's, Dallas, Atlanta Fed, Fed, Kaplan, CNBC, Federal Reserve, Dallas Fed Locations: Washington , DC, Boston, U.S
CNN —Treating loneliness and social isolation may put people classified as obese at a lower risk for health complications, according to a new study. Social isolation was found to be a greater risk factor for all causes of mortality, including cancer and cardiovascular disease, than depression, anxiety and lifestyle risk factors — which included alcohol, exercise and diet, according to the study. But the findings do point to improving “social isolation as a potential remedy for the reduction of mortality,” he said. “Think of maintaining a social network like any other health-promoting activity: exercising regularly, eating well, looking after yourself,” Canli said. And fatphobia can lead communities to make it harder for people with obesity to feel understood and accepted, she said.
Persons: , , Lu Qi, Qi, ” Qi, Philipp Scherer, Gifford O, Touchstone Jr, Randolph G, Dallas . Scherer wasn’t, Turhan Canli, Canli, ” Canli, Rachael Benjamin, Benjamin, Benjamin said, ” Benjamin Organizations: CNN, Tulane University School of Public Health, Tropical Medicine, University of Texas Southwestern Medical School, Diabetes Research, Touchstone Diabetes, Stony Brook University Locations: New Orleans, Dallas, New York City
Read previewThe future of US-China relations looks grim, according to a new report by a group of 25 experts on both countries. And US scientists might find a mysterious avian flu in China, while China detains five Americans on accusations that they broke the law. Advertisement"Instead, the war scenario is a scenario of increasing crises leading to increasing distrust in diplomatic solutions," he said. 2) A zero-sum bloc gameOr US-China trade could fall to all-time lows by the late 2020s, with competition ramping up over AI, quantum computers, and other technology, the analysis said. Seyle emphasized that the analysis isn't presenting forecasts, but theoretical scenarios that hit areas of concern in broad strokes.
Persons: , Trump, Pax Sapiens, Conor Seyle, BRICS, Saudi Arabia —, calculatingly, Seyle, Ren Libo, Adam Kahane of Organizations: Service, Business, Obama, People's Liberation Army, Observers, Pentagon, Pax Sapiens, WTO, Grandview Institute, Adam Kahane of Massachusetts, Reos Partners Locations: China, Beijing, Washington, Taiwan, Taipei, Pax, Europe, Asia Pacific, Brazil, Russia, India, Saudi Arabia, America, Africa, United States, Latin America, Southeast Asia, US
Haiti's Police Force Shrinks Amid Gang Crisis -Union
  + stars: | 2024-01-22 | by ( Jan. | At P.M. | ) www.usnews.com   time to read: +2 min
Police need significantly higher incentives to justify the dangers, the report said, amid a shrinking force and lack of equipment, training and infrastructure. Lazarre said the situation was difficult but police had made progress, recovering control of six neighborhoods and coming close to recovering another. Last November, the United Nations estimated some 3,960 had been killed through the year and 2,951 kidnapped. Haiti's government called for international reinforcements in October 2022 and the United Nations ratified sending a force composed of voluntary contributions late last year. Haiti's armed forces were disbanded in 1995 and reinstated in 2017, but the national police remains the main security force.
Persons: Lionel Lazarre, Lazarre, It's, Ariel Henry's, Harold Isaac, Sarah Morland, Stephen Coates Organizations: PORT, Reuters, Police, United Nations Locations: Kenya, Caribbean, Port, Mexico City
Over 100 Flights Cancelled at Dublin Airport Due to Storm
  + stars: | 2024-01-21 | by ( Jan. | At P.M. | ) www.usnews.com   time to read: +1 min
DUBLIN (Reuters) - Airlines cancelled 102 flights in and out of Dublin airport on Sunday due to a storm that was forecast to rage for the rest of the day, the airport operator said. Storm Isha had also forced 24 aborted landings by 1700 GMT, while 27 flights opted to divert to other airports, Dublin Airport said in a post on social media platform X.Ireland's national meteorological service Met Eireann issued an orange weather warning early on Sunday for most of the country, including Dublin, meaning the winds could significantly impact people, property and activity in an area. Parts of the west and northwest were placed under a more severe red warning. Amsterdam's Schiphol Airport cancelled 130 flights scheduled for Monday as a preventive measure because of strong winds expected when Storm Isha reaches the Netherlands, the airport said on Sunday. (Reporting by Padraic Halpin, Editng by Angus MacSwan)
Persons: Storm Isha, Padraic Halpin, Angus MacSwan Organizations: DUBLIN, Reuters, Airlines, Dublin Airport, Met, Schiphol Locations: Dublin, Netherlands, Editng
BERLIN (AP) — A protest against the far right in the German city of Munich Sunday afternoon ended early due to safety concerns after approximately 100,000 people showed up, police said. The demonstration was one of dozens around the country this weekend that drew hundreds of thousands of people in total. Some members of the far-right Alternative for Germany party, or AfD, were present at the meeting. And Saturday protests in other German cities like Stuttgart, Nuremberg and Hannover drew tens of thousands of people. The large turnout around Germany showed how these protests are galvanizing popular opposition to the AfD in a new way.
Persons: Germany’s, Martin Sellner, Alice Weidel, Frank, Walter Steinmeier, Organizations: BERLIN, Germany, Hannover, Identitarian, Identitarian Movement, Austrian Locations: German, Munich, Cologne, Berlin, Hamburg, Stuttgart, Nuremberg, Germany, Brandenburg, Saxony, Thuringia
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