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A Fumbling Performance, and a Panicking Party
  + stars: | 2024-06-27 | by ( Peter Baker | ) www.nytimes.com   time to read: +1 min
President Biden hoped to build fresh momentum for his re-election bid by agreeing to debate nearly two months before he is to be formally nominated. Instead, his halting and disjointed performance on Thursday night prompted a wave of panic among Democrats and reopened discussion of whether he should be the nominee at all. Rather than dispel concerns about his age, Mr. Biden, 81, made it the central issue. Practically in despair, some took to social media to express shock, while others privately discussed among themselves whether it was too late to persuade the president to step aside in favor of a younger candidate. “Biden is about to face a crescendo of calls to step aside,” said a veteran Democratic strategist who has staunchly backed Mr. Biden publicly.
Persons: Biden, Mr, Donald J, , “ Biden, , “ Joe Organizations: Trump, Democratic
A major vacancy in the fashion world has been filled. On Thursday, Lanvin, the oldest French couture house in continual existence, named Peter Copping its new artistic director, an appointment that indicates a potential return to pure designers after a period in which the buzz was focused on content creators. He has spent the last five years working behind the scenes as head of couture at Balenciaga, where he was instrumental in orchestrating the much celebrated return of couture to that house. (The announcement of his appointment at Lanvin came the day after Balenciaga’s latest couture show, attended by Nicole Kidman and Naomi Watts, among others.) Previously, he had been the handpicked heir to Oscar de la Renta before Mr. de la Renta’s death roiled his succession plans, and the head designer at Nina Ricci.
Persons: Lanvin, Peter Copping, “ Peter Copping’s, ” Siddhartha Shukla, Mr, Copping, Nicole Kidman, Naomi Watts, Oscar de la, de, Nina Ricci Locations: French, Lanvin, Balenciaga
Melissa & Doug had a situation. For decades, the American toy brand had leaned heavily on factories in China to make its products — wooden puzzles, stuffed animals, play mats. Melissa & Doug was eager to shift some production to other countries. The Melissa & Doug executive was surprised to see that the plant could make high-quality wooden toys, at prices comparable to those in China. Late last year, Sunlord completed its first batch of products for Melissa & Doug, a modest order of about 10,000 items, and now is cranking out 25,000 per month.
Persons: Melissa, Doug, Donald J, Trump, Biden, Sunlord Locations: China, Washington, Beijing, Greater Noida, New Delhi
Yen plummets to lowest point in nearly four decades
  + stars: | 2024-06-26 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYen plummets to lowest point in nearly four decadesPeter Boockvar, Bleakley Advisory Group CIO, joins CNBC's 'Squawk Box' to discuss why the Japanese yen is at its lowest level since 1986, expectations from Japan's central bank, and more.
Persons: Peter Boockvar Organizations: Bleakley
Last month there were $122 billion of transactions at car dealerships, according to Commerce Department estimates. That accounts for 17% of all retail sales in May. An outage lasting through June 30 would mean 10 days without dealership access to CDK. Now here’s where it gets even more glaring: Retail sales aren’t just some minor part of the economy. Consider yourself warned: You may want to hold off on looking at your 401(k) on July 25, when the government releases second-quarter GDP estimates.
Persons: Ramishah Maruf, Peter Valdes, CDK, Russell Price, ” Price Organizations: New, New York CNN, North America, Commerce Department, Ameriprise, CNN Locations: New York
CNN —The Justice Department urged the Supreme Court on Wednesday to reject an effort by former Trump aide Steve Bannon to avoid prison while he appeals his contempt of Congress conviction. A federal judge ruled recently that Bannon must turn himself in by July 1 to begin serving a four-month sentence. Bannon, a conservative podcast host and former strategist for Donald Trump, asked the Supreme Court last week to pause his prison sentence. Bannon “responded to the subpoena with total noncompliance,” Solicitor General Elizabeth Prelogar told the court. Bannon is set to report to the low-security federal prison in Danbury, Connecticut, instead of a minimum-security prison camp he had sought.
Persons: Trump, Steve Bannon, Bannon, Biden, Donald Trump, Peter Navarro, Bannon “, Elizabeth Prelogar, , ” Prelogar, Trump’s Organizations: CNN, The Justice Department, Trump Locations: Washington ,, Danbury , Connecticut
London CNN —Dairy farmers in Denmark face having to pay an annual tax of 672 krone ($96) per cow for the planet-heating emissions they generate. The country’s coalition government agreed this week to introduce the world’s first carbon emissions tax on agriculture. On average, Danish dairy cows, which account for much of the cattle population, emit 5.6 tonnes of CO2-equivalent per year, according to Concito, a green think tank in Denmark. Using the lower tax rate of 120 krone results in a charge of 672 krone per cow, or $96. With the tax break in place, that levy will rise to 1,680 krone per cow in 2035 ($241).
Persons: Lars Lokke Rasmussen, , , Torsten Hasforth, Landbrug, Peter Kiær, ” Peder Tuborgh, Kristian Hundeboll Organizations: London CNN — Dairy, , United Nations, Food, Agriculture Organization, CNN, Arla Foods, DLG, Initiative Locations: Denmark, Danish, Europe
The Vanishing Islands That Failed to Vanish
  + stars: | 2024-06-26 | by ( Raymond Zhong | Jason Gulley | ) www.nytimes.com   time to read: +26 min
The Vanishing Islands That Failed to Vanish Low-lying tropical island nations were expected to be early victims of rising seas. They found that over the past few decades, the islands’ edges had wobbled this way and that, eroding here, building there. No, to understand what really beguiles them about these islands, you need to take a dive into the surrounding sea. Coral reefs Indian Ocean Islands HUVADHOO ATOLL 5 miles Dhigulaabadhoo Coral reefs Indian Ocean Islands HUVADHOO ATOLL 5 miles Dhigulaabadhoo Islands HUVADHOO ATOLL Islands HUVADHOO ATOLL HUVADHOO ATOLL HUVADHOO ATOLL HUVADHOO ATOLL HUVADHOO ATOLL HUVADHOO ATOLL HUVADHOO ATOLL HUVADHOO ATOLL Kandahalagalaa Dhigulaabadhoo HUVADHOO ATOLL Kandahalagalaa Dhigulaabadhoo A map of the Huvadhoo Atoll, a gourd-shaped ring of 241 islands in the southern Maldives. Huvadhoo Atoll is a gourd-shaped ring of 241 islands in the southern Maldives.
Persons: ” Charles Darwin, Darwin, bode, Arthur Webb, Paul Kench, “ I’m, Kench, Webb, Kench’s, Mohamed Aslam, Paul S, Aitana Gea Neuhaus, Gea Neuhaus, ” Ms, , ” Paul Kench, Gerd Masselink, Peter Ganderton, Curt Storlazzi, Tim Scott, Dr, Scott, , it’s, “ They’ve, munch, Storlazzi, Thoriq Ibrahim, Malé, Hariyya Ibrahim, Hariyya, Adam Shakir, Adam, Farhath Ibrahim, Mohamed Muizzu, Hussain Rasheed, Rakeedhoo, Ashiya, Ashiya’s Organizations: Graphics, University of Plymouth, National University of Singapore, Nature Communications, Airbus, Google, United States Geological Survey Locations: Maldives, INDIA, MALDIVES, Polynesia, Micronesia, Indian, Malé, Himandhoo, Huvadhoo, , England, Dhigulaabadhoo, Wade, Plymouth, grinned, Hulhumalé, New City, Sand, City, Towers City, Himandhoo’s, Rakeedhoo
Joe Biden: The Old-School Politician in a New-School Era
  + stars: | 2024-06-26 | by ( Peter Baker | ) www.nytimes.com   time to read: +1 min
President Biden was peeved. Yet there was Mr. Schumer, the Senate Democratic leader, on the floor bashing Republicans for playing “a dangerous and risky partisan game.”Mr. Biden called Mr. Schumer to chide him. Senator Mitch McConnell, the Republican leader, had backed down to help avoid a fiscal crisis. The Joe Biden who will defend his presidency at a nationally televised debate on Thursday night remains a practitioner of old-school politics in a new-school era. The hostility, the anger, the polarization, the “beating up” that define today’s national debate, yes, he knows all about that.
Persons: Biden, Chuck Schumer, Schumer, Mr, chide, Mitch McConnell, , Joe Biden, Lyndon B, Johnson Organizations: Democrats, Democratic, Republican Locations: Washington
Sika Anoa’i, the Hall of Fame professional wrestler who was half of the 1980s superstar tag team the Wild Samoans and father of W.W.E.’s biggest current star, Roman Reigns, died on Tuesday. Worldwide Wrestling Entertainment also confirmed Sika Anoa’i’s death in a statement. Sika Anoa’i is part of a long line of grapplers known as the Samoan Dynasty that has been called the greatest wrestling family of all time. Sika and his brother, Afa “Arthur” Anoa’i, would form the Wild Samoans, considered one of the most influential duos in wrestling history. Sika’s son Roman Reigns, born Leati Joseph Anoa’i, is the undisputed W.W.E.
Persons: Sika Anoa’i, W.W.E, Jahrus Anoa’i, Sika, Peter Maivia, Dwayne “, ” Johnson, , Arthur ” Anoa’i, Sika’s, Roman, Leati Joseph Anoa’i, Jonathan Solofa Fatu, Joshua Samuel Fatu, Jimmy Uso Organizations: of Fame, Wild Samoans, Instagram, Worldwide Wrestling Entertainment, Afa, Samoans
Read previewThe hiring process seems to have become increasingly complex in recent years, with job seekers facing new tests, more interviews, and months of waiting to hear back from prospective employers. Job seekers have been taking to social media to complain about jumping through various hiring hoops just to secure an entry-level job. He said that in recent years, the hiring process has slowed down as the number of interview rounds has increased: "It reflects a lack of understanding by employers about what they're actually looking for." Advertisement"Many interviews and job assessments now take place online, which means candidates need to adapt to virtual interactions and later demonstrate their skills remotely," she said. When job interviews started to be done on Zoom and managers had fewer opportunities to evaluate candidates, more employers began using cognitive and psychometric assessments as part of their hiring process.
Persons: , Chris Abbass, Abbass, Peter Cappelli, Wharton, They've, Cappelli, Nikita Gupta, they're, Gupta Organizations: Service, Business, school's, Human Resources, Harvard Business, Big Tech
Why Piper Sandler is bullish on Ollie's
  + stars: | 2024-06-25 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy Piper Sandler is bullish on Ollie'sPeter Keith, Piper Sandler senior research analyst, joins 'The Exchange' to discuss why Piper Sandler believes Ollie's' stock has potential amid recent weather conditions.
Persons: Piper Sandler, Peter Keith, Ollie's
Editor’s Note: CNN Style is one of the official media partners of Paris Fashion Week. This past week, fashion designers converged in the city for Paris Fashion Week Spring-Summer 2025 menswear collections — but nothing was business as usual. Swan Gallet/WWD/Getty ImagesRapper A$AP Rocky, too, made a statement for his Paris Fashion Week debut — a secret show for his label AWGE, which launched earlier this year. On the runway, models marched with their heads covered by American eagle flags, wore slogans like “Don’t be Dumb” and carried plastic bags filled with cash. The latest Comme des Garçon collection featured lashings of Barbie pink and frothy tulle skorts.
Persons: Emmanuel Macron, Rick Owens, White, Love ”, , Swan, Karl Lagerfeld’s, Rihanna, Casey Affleck, Jonathan Anderson, Willy Chavarria, Louis Vuitton, Victor Virgile, Pharrell, Colm Dillane, Junya Watanabe, Peter White, Jeanne Friot, ” Friot, Garçons, skorts, ruffles, Taakk, Andy Warhol, Jean, Michel Basquiat, — Jérémie, Aurélien, , Van Noten's, Daniele Oberrauch, Van Noten, Donna Summer’s “ Organizations: CNN, Paris, Paris CNN —, Summer, sport’s, Palais, Army, Paris Fashion, UNESCO, Air Afrique, XXL, Getty, Studio Locations: Paris, Paris CNN — Paris, Tokyo, Belgian
A 2-year-old startup founded by Harvard dropouts has just raised $120 million in venture funding to try and build a competitive chip and take on Nvidia in artificial intelligence. Co-founder and CEO Gavin Uberti said that as AI develops, most of the technology's power-hungry computing requirements will be filled by customized, hard-wired chips called ASICs. "We're making the biggest bet in AI," Uberti said in an interview. Other chip startups taking on Nvidia include Cerebras Systems, which is building a physically larger AI chip, and Tenstorrent, which is using a trendy technology called RISC-V to build AI chips. Venture capitalists invested $6 billion in AI semiconductor companies in 2023, up slightly from $5.7 billion in 2022, according to data from PitchBook.
Persons: Gavin Uberti, Uberti, we'll, Peter Thiel, Stanley Druckenmiller, Kyle Vogt, we've, Robert Wachen Organizations: Nvidia, Harvard, Apple, Venture Partners, Cerebras Systems, Semiconductors, Taiwan Semiconductor Manufacturing Co, Venture Locations: Cupertino , California, PitchBook
The National Transportation Safety Board issued a series of recommendations on Tuesday aimed at preventing the type of freight train derailment that occurred last year in East Palestine, Ohio, when 38 rail cars operated by Norfolk Southern came off the tracks. The safety agency also faulted Norfolk Southern for concluding that the hazardous material being transported on 11 of the rail cars was at risk of exploding. That conclusion led to a “vent and burn,” in which toxic chemicals were released and incinerated, resulting in vast plumes of dark smoke rising above the town. The controlled burn forced many residents of the town to evacuate. had previously raised doubts about the need for a vent and burn and at a meeting in East Palestine on Tuesday, the agency said the railway had “misinterpreted and disregarded evidence” in reaching that conclusion.
Persons: Norfolk Southern Organizations: Transportation Safety, Norfolk, Norfolk Southern Locations: East Palestine , Ohio, East Palestine
Did Apple and Meta discuss an AI deal? Or is there no AI deal happening between Apple and Meta? download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNews: Apple has talked to Meta, its fierce rival, about an AI deal. Also news: Apple is not talking to Meta about an AI deal, because Meta is a fierce rival.
Persons: Organizations: Apple, Meta, Wall Street Journal, Bloomberg, Service
Container ships are berthed at PSA's Pasir Panjang Terminal in Singapore July 15, 2019. Global port congestion has reached an 18-month high, with 60% of ships waiting at anchor located in Asia, maritime data firm Linerlytica said this month. SEVERE CONGESTIONSingapore, the world's second-largest container port, has seen particularly severe congestion in recent weeks. "The peak season, which traditionally starts in June, was advanced by a full month, causing ocean freight rates to soar." Container freight prices from Asia to the U.S. and Europe have tripled since early 2024.
Persons: Edgar Su, Linerlytica, Yemen's, Jayendu Krishna, Drewry, PortCast, Niki Frank, Dimerco, Jonathan Gold, Judah Levine, Jared Bernstein, Gene Seroka, Peter Sand, Jeslyn Lerh, Lisa Baertlein, Lisa Barrington, Miyoung Kim, Kim Coghill Organizations: REUTERS, Retailers, Ships, Drewry Maritime Advisors, Singapore, Singapore's, Port Authority, Drewry, Keppel, Tuas, Maersk, DHL Global, Asia, Descartes, National Retail Federation, Container, U.S ., of Economic Advisers, U.S, DHL, Thomson Locations: Pasir Panjang, Singapore, SEOUL, SINGAPORE, Asia, Africa, Malaysia's Port Klang, Tanjung Pelepas, Shanghai, Qingdao, China, South Korea, U.S, Europe, U.S . East Coast, U.S . West, of Los Angeles, Los Angeles, Seoul
CNN —Tesla has issued two recalls on the Cybertruck, its third and fourth, since the model was introduced late last year. An investigation by Tesla revealed that the piece had not been properly installed. Cybertruck owners will be asked to bring their trucks to a Tesla service center where the trim piece will either be replaced or installed properly with “adhesion promotor” and pressure sensitive tape. The trucks are also being recalled for a separate issue in the electric motor that powers the truck’s single huge windshield wiper. Tesla has previously recalled the Cybertruck for other issues.
Persons: CNN — Tesla, Tesla Organizations: CNN, Traffic
CNN —Ford is recalling more than 550,000 F-150 pickups in the United States because of an issue that can cause the transmission to suddenly and unexpectedly, at any speed, shift down to first gear. Before that happens, a malfunction indicator light in the truck’s gauge cluster may turn on Ford spokesperson Maria Buczkowski said in an email to CNN. To fix the problem, Ford dealers will update the trucks’ control module software at no cost to the owner. Ford will start mailing letters to owners of the trucks involved in a few days. A new software update to fix the 2014 trucks will be ready sometime in the next three months, Buczkowski said.
Persons: CNN — Ford, Maria Buczkowski, Ford, Buczkowski Organizations: CNN, Ford Locations: United States
Rivian and VW join up to design vehicle software
  + stars: | 2024-06-25 | by ( Peter Valdes-Dapena | ) edition.cnn.com   time to read: +3 min
CNN —Rivian and Volkswagen Group are forming a joint venture to create vehicle software, the two companies announced Tuesday. The two automakers did not provide a name for the new joint venture company or name its leadership team. Rivian’s fundamental vehicle software design is expected to provide the basis for the new company’s software. The technologies designed by the company will include both the user-interface software that runs things like the entertainment system and gauges and deeper vehicle software that interacts with things like the vehicle’s motors. VW already has its own vehicle software subsidiary, Cariad, and that company will continue with its work, VW chief executive Oliver Blume said on a conference call.
Persons: CNN —, RJ Scaringe, that’s, , Scaringe, it’s, Oliver Blume, what’s, Blume, ” Scaringe Organizations: CNN, Volkswagen Group, VW, Volkswagen, Porsche’s, Porsche Locations: Georgia, Atlanta
FedEx shares skyrocket on earnings beat
  + stars: | 2024-06-25 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFedEx shares skyrocket on earnings beatPeter McNally, Third Bridge Global Sector Lead for Industrials, Materials, and Energy, joins 'Closing Bell Overtime' to talk FedEx earnings.
Persons: Peter McNally Organizations: FedEx, Energy
Routing through ChinaChina Telecom, China Mobile and China Unicom have long been in Washington's crosshairs. The FCC denied China Mobile's application to provide telephone service in 2019 and revoked China Telecom and China Unicom's licenses to do the same in 2021 and 2022 respectively. It cited at least nine instances where China Telecom misrouted internet traffic through China, putting it at risk of being intercepted, manipulated or blocked from reaching its intended destination. China Telecom has previously denied the government's allegations and told U.S. agencies that routing problems are common and occur on all networks. China Telecom did not respond to requests for comment about its U.S. based PoPs.
Persons: Peter Parks, Biden, China Unicom, Doug Madory, Bill Woodcock, Alibaba Organizations: HK, China Mobile, Peter, AFP, Getty, China Telecom, Authorities, Commerce Department, China, Commerce, Embassy, Reuters, Washington, Regulators, China China Telecom, FCC, U.S, Justice Department, PoPs Locations: China Mobile, China, Beijing, United States, Washington, crosshairs, U.S
CNN reveals America’s Best Towns to Visit in 2024
  + stars: | 2024-06-24 | by ( Cnn Travel | ) edition.cnn.com   time to read: +9 min
Video Ad Feedback See how this town gets the most fun out of one of the biggest lakes in the world 02:00 - Source: CNN America's Best Towns to Visit 2024 10 videos Video Ad Feedback See how this town gets the most fun out of one of the biggest lakes in the world 02:00 Now playing - Source: CNN Video Ad Feedback See why Dolly Parton — and the insects she sang about — are so important to this town 01:42 Now playing - Source: CNN Video Ad Feedback Is this the most family friendly town in the country? A CNN reporter takes his daughter to find out 01:57 Now playing - Source: CNN Video Ad Feedback Why this town is one of the country’s most underrated music meccas 02:02 Now playing - Source: CNN Video Ad Feedback Why this first-of-its-kind city has some of the most amazing skies you’ll ever see 02:00 Now playing - Source: CNN Video Ad Feedback Every room in this hotel has a wildly different theme. It’s a feast for the eyes 02:02 Now playing - Source: CNN Video Ad Feedback From sea to sandwich: in search of the best lobster roll ever 02:00 Now playing - Source: CNN Video Ad Feedback Here’s where you can snowshoe, hike an island, blow glass and shuck oysters – all in the same day 02:00 Now playing - Source: CNN Video Ad Feedback How to visit Venice, Italy — without leaving the US 02:01 Now playing - Source: CNN Video Ad Feedback Museums, murals and wine: Why Richmond is America’s best town 02:02 Now playing - Source: CNN See More VideosCNN —You’ve elbowed into the Empire State Building, admired the architecture along the Chicago River and huffed and puffed up and down the streets of San Francisco. At CNN Travel, we tapped our network of contributors for nominations for our inaugural list of America’s Best Towns to Visit. High scores: Dark skies, outdoor activities, scenery, retro vibeSunny days and starry nights are big draws in this high-elevation city.
Persons: Dolly Parton —, Frederik Meijer, Ai Weiwei, Peter McDaniel, Michigan’s, James Beard, You’ll, Dale Chihuly, Virginia –, ” –, it’s, Marnie Hunter, Forrest Brown Organizations: CNN, Empire, CNN Travel, Lake Superior, University of Tennessee, Nashville, Sculpture, Beer, San, Lowell Observatory, Golden State, San Luis Obispo, SLO, Puget Sound, Rainier, Tacoma, of, Rhode Island School of Design, Richmond, Richmond Folk Festival Locations: Venice, Italy, Richmond, Chicago, San Francisco . Big, United States, downtowns, Lakes, Duluth, Amity, Knoxville, Tennessee, Memphis, Grand Rapids, Beer City, Grand, Macon, Flagstaff, San Francisco Peaks, California, Southern California, Golden, San Luis, Puyallup, Virginia
And we came that close.”In 25 playoff games, McDavid recorded eight goals and 34 assists. No active player has more points in a single Stanley Cup Final than McDavid. McDavid joins Giguere, Leach, Ron Hextall, Glenn Hall and Roger Crozier to win the Conn Smythe on the losing Stanley Cup Final team. The Oilers’ loss continues a streak of Canadian-based teams not winning the Stanley Cup since 1993. Despite not lifting the Stanley Cup this season, his legacy is cemented as one of hockey’s all-time greats.
Persons: Connor McDavid, McDavid, Conn Smythe, , ” McDavid, Wayne Gretzky, Mario Lemieux, Reggie Leach, , Jean, Sebastien Giguere, eason, ingle, tanley, J Organizations: Oilers, Florida Panthers, Stanley, Panthers, Anaheim Mighty Ducks, ust, ince Locations:
Opinion | What Works for Golf Works for Life
  + stars: | 2024-06-24 | by ( Peter Coy | ) www.nytimes.com   time to read: +1 min
Please keep reading even if you don’t give a bogey about golf, because I’m going explain how the strategies that make someone a better golfer can help in other parts of life, such as personal finances. My main source for today’s newsletter is Mark Broadie, who has dual credentials that are more related to each other than you might expect. He’s both an expert on golf strategy and a professor at Columbia Business School specializing in security pricing, computational finance and programming for business research. Ten years ago, Broadie wrote a book, “Every Shot Counts: Using the Revolutionary Strokes Gained Approach to Improve Your Golf Performance and Strategy.” It’s not about how to square your shoulders or adjust your grip on the club. It’s insight gained from dynamic programming, which is a tool that’s extensively used by economists, for example in calculating the optimal saving rate.
Persons: Rory McIlroy, I’m, Mark Broadie, Broadie, ” It’s Organizations: Northern, U.S, Columbia Business School Locations: Northern Ireland
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