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The Department of Homeland Security on Tuesday added three Chinese companies to a list of firms whose products can no longer be exported to the United States, as part of what it described as an escalating crackdown on companies that aid in forced labor programs in Xinjiang. The companies include a seafood processor, Shandong Meijia Group, that an investigation by the Outlaw Ocean Project identified as a business employing laborers brought to eastern China from Xinjiang — a far-western region of China where the government has detained and surveilled large numbers of minorities, including Uyghurs. Another firm, Xinjiang Shenhuo Coal and Electricity, is an aluminum processor whose metal can be found in cars, consumer electronics and other products, a U.S. official said. The third, Dongguan Oasis Shoes, brought Uyghurs and people from other persecuted groups to its footwear factory in Guangdong, the U.S. government said. With those additions, 68 companies now appear on the so-called entity list of firms that the U.S. government says participate in forced labor programs, nearly double the number at the beginning of the year.
Organizations: of Homeland Security, Shandong Meijia Group, Coal, U.S, Dongguan Oasis Locations: United States, Xinjiang, Shandong, China, Dongguan, Guangdong, U.S
“My homeowners insurance doubled, with no notice – nothing,” said Jennifer Schauer, who bought her home in Novato, California, in 2021. The US homeowners insurance industry lost $101.3 billion last year as severe storms, hurricanes and wildfire did significant damage. Schauer isn’t alone among Californians grappling with high hidden costs of homeownership. By contrast, Kentucky ($11,559), Arkansas ($11,692) and Mississippi ($11,881) had the lowest hidden costs of homeownership, according to Bankrate. Since Covid, the hidden cost of homeownership has climbed most rapidly in three states: Utah (44%), Idaho (39%) and Hawaii (38%).
Persons: we’re, That’s, Bankrate, Jeff Ostrowski, , Jennifer Schauer, Schauer, wasn’t, , Schauer isn’t, it’s, you’ll, ” Ostrowski Organizations: New, New York CNN, CNN, P Global, Federal Reserve Locations: New York, Novato , California, California, Hawaii, Massachusetts, New Jersey, Connecticut, Kentucky, Arkansas, Mississippi, Utah, Idaho
That's normal, Joseph Fuller, a Harvard Business School professor and co-chair of the school's "Managing the Future of Work" initiative, tells CNBC Make It. A common career mistake people make that can leave you "burned out and unhappy," he adds, is not being honest about your priorities and the trade-offs you're willing to make at work. Finding a job where you have a sense of control and are excited about the work you're doing can help you stay motivated and ward off burnout, Fuller adds. The other trick to finding career satisfaction is to work your core values into your day-to-day responsibilities. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.
Persons: Joseph Fuller, Fuller Organizations: Harvard Business School, CNBC
Read previewIf China invades Taiwan, it may face a large, lethal drone force meant to make its military "miserable." At least that's the plan, according to the top US admiral in the Pacific, who said the "Hellscape" strategy is designed to distract China and buy the US time to respond. "I want to turn the Taiwan Strait into an unmanned hellscape using a number of classified capabilities," Adm. Samuel Paparo, the commander of US Indo-Pacific Command, told The Washington Post at the International Institute for Strategic Studies' Shangri-La Dialogue Summit. She said that "we'll counter the [People's Liberation Army's] mass with mass of our own, but ours will be harder to plan for, harder to hit, harder to beat." Paparo's remarks on the "Hellscape" strategy come on the heels of a massive Chinese military drill around Taiwan, during which it effectively surrounded the island and showed off joint force capabilities.
Persons: , Adm, Samuel Paparo, SERGEI SUPINSKY, Kathleen Hicks, Hicks, Replicator, Paparo Organizations: Service, Pacific Command, Washington Post, International Institute for Strategic Studies, Dialogue, Business, Department of Defense, Army, Drones, Getty, Pentagon, Japan's Nikkei Locations: China, Taiwan, Pacific, Taiwan Strait, Kyiv, AFP, Replicator
Hong Kong CNN —A major heat wave is forecast to spread across large swathes of northern China this week, bringing record high temperatures to some areas, according to China’s meteorological authorities. The heat wave, which began on Saturday, has already triggered government weather alerts and follows the country’s hottest spring on record. The national observatory on Monday issued an orange alert for high temperatures – the second most severe warning – as sweltering heat engulfed the country’s north. Beijing on Saturday raised its first yellow alert for high temperatures this summer, warning residents to avoid going outdoors during the hottest parts of the day. Zhong said the high temperatures were linked to El Niño, a natural climate pattern marked by warmer than average ocean temperatures in the equatorial Pacific.
Persons: Zheng Zhihai, Zhong, El Niño, El Organizations: Hong Kong CNN, National Meteorological Center, NMC, National Climate Center, Xinhua Locations: Hong Kong, China, Shandong, Hebei, Xinjiang, Beijing, , Beijing’s Chaoyang, Guangdong
When is the next stock market crash taking place? It's a question I get asked often since I wrote "A History of the United States in Five Crashes – Stock Market Meldowns That Defined a Nation." Until now, I've always been able to counsel that stock market crashes are comfortingly rare events that only occur when elements align, and that a crash is unlikely in the near future. The first is a frothy stock market. It is no accident that the first modern stock market crash, the Panic of 1907, occurred after the biggest two-year rally in the history of the Dow Jones Industrial Average .
Persons: I've, It's, it's Organizations: Dow Jones, Federal Reserve, San Locations: United States, San Francisco
An employee arranges gold bars for a photograph at the YLG Bullion International headquarters in Bangkok, Thailand. The gold mining industry is struggling to sustain production growth as deposits of the yellow metal become harder to find, according to the World Gold Council. According to data from the international trade association, mine production inched up only 0.5% in 2023 compared to a year ago. In 2022, the growth was 1.35% year on year, the year before it was 2.7%, while in 2020, global gold production logged the first decline in a decade, sliding 1%. New gold deposits are becoming harder to find around the world as many prospective areas have already been explored, he elaborated.
Persons: We've, we've, John Reade, Reade Organizations: World Gold Locations: Bangkok, Thailand
Hotel prices are exploding. As the owner of Destination Europe, she is sending “record numbers” of clients to the continent this year. There’s been such a huge demand for travel in the past three years, and lots of places are pushing up prices.”Is summer in Europe already a washout? Socrates Baltagiannis/picture alliance/Getty ImagesData from Hotel Monitor, American Express Global Business Travel’s annual analysis of worldwide hotel rates, backs his theory up. His prediction appears to be coming true: although the Amex GBT analysis predicted a 11% spike in Paris hotel rates this year, so far they have only risen 8%.
Persons: “ There’s, , Tom Jenkins, ” Kayla Zeigler, Graham Carter, , There’s, you’re, it’s, Eric Gaillard, Reuters It’s, they’re, Eiffel, Hagia Sophia, Jenkins, Tim Hentschel, that’s, It’s, Milos, Hotelplanner's Tim Hentschel, Socrates Baltagiannis, Hentschel, haven’t, Conde Nast, Hayley Berg, Hopper, Berg, Jaime Reina, , ’ ” They’re, Daniela Santanchè, ” Zeigler, Carter, , Charles de Gaulle, ” They’re, Zeigler, ” –, – Berg, bookers, Henry Nicholls Organizations: CNN, European Tourism Organisation, Unforgettable, , Reuters, Getty, Hotel Monitor, American Express Global, , AFP, Italy –, Games Locations: Europe, Bosnia, Bulgaria, Denmark, Iceland, Poland, Romania, Sweden, Switzerland, Czech, Hungarian, Ukrainian, Ukraine, Turkish, Hagia, Venice, Paris, Amsterdam, Dublin, Berlin, Stockholm, Barcelona, London, Murcia, Marbella, Windsor, Paddington, Rome, Athens, Venice’s, Mallorcan, Italy, Amalfi, Positano, Amalfi Coast, Puglia, Sicily, Slovenia, Croatia, Ireland, Portugal, France, airfare, London's, AFP
But most analysts agree Gonzalez represents the best chance that Venezuela’s political opposition has had to dislodge Maduro from power since 2013. But amnesty for outgoing officials could be on the table, Gonzalez told CNN en Español. “Edmundo is a public servant, he knows there cannot be any revenge [against the government],” Eickhoff told CNN. Edmundo Gonzalez Urrutia, Venezuela's new opposition candidate, feeds birds at his home in Caracas on Wednesday, April 24. “It’s time for the big Venezuelan family to come together once more,” he told CNN en Español.
Persons: Hugo Chavez, Nicolas Maduro, Edmundo Gonzalez Urrutia, Gonzalez, – Maria Corina Machado, Corina Yoris –, , , Maduro, Leonardo Fernandez Viloria, Reuters Gonzalez, he’s, CNN En, Juan Guaido, ” Gonzalez, ” Gonzalez’s, Mariana, , Jesus Vargas, won’t, Sadio Garavini, Tullio, Chavez, “ Edmundo, he’ll, ” Garavini, George Eickhoff, Konrad Adenauer, ” Eickhoff, Machado, Edmundo, Gaby Oraa, Venezuela's, Gonzalez’s Organizations: CNN, Democratic, Maduro, European Union, Reuters, , Wednesday, Bloomberg, Getty, Real Madrid football Locations: Venezuela, Venezuela’s, Venezuelan, Algeria, Argentina, United States, Barbados, Washington, Caracas, Hague, German, Spain
Policy advocates argue that child care, including for infants and toddlers, is an economic issue that affects all Americans, not just those with young kids. That is up from $57 billion in 2018, before the pandemic exposed and exacerbated holes in the system for working families and the companies that rely on them. Part of the nationwide solution is supporting what the group calls the "workforce behind the workforce" — early child care providers. "Supporting the early childhood workforce could include such things as making sure child care providers have access to benefits. "Programs that support additional training and education for child care providers are important as well."
Persons: Nancy Fishman, Fishman Organizations: Bureau of Labor Statistics, Bank of America, American, ReadyNation, CNBC
New York CNN —Will Lewis is quickly losing the confidence of his newsroom. At The Post, according to more than a half-dozen staffers who spoke with CNN Thursday, morale has fallen off a cliff since Lewis abruptly ousted Executive Editor Sally Buzbee on Sunday. Lewis’ uncouth dispatching of Buzbee poisoned much of the goodwill he had earned with his employees over the preceding six months. Indeed, the day after he announced Buzbee’s exit, staffers pressed him in a town hall about the circumstances that led to her departure. Will Lewis, the publisher of The Washington Post, finds himself embroiled in a scandal affecting the newsroom itself.
Persons: Will Lewis, , Lewis, Sally Buzbee, “ It’s, Lewis ’, Buzbee, Matt Murray, Robert Winnett, Rupert Murdoch’s, Prince Harry, Carlotta Cardana, David Folkenlik, Lewis “, heatedly —, Folkenflik, ” Folkenflik, Puck’s Dylan Byers, Byers, Sarah Ellison, Elahe Izadi, ” Lewis, , Ellison, Izadi, Jeff Bezos, “ He’s, , don’t Organizations: New York CNN, The Washington Post, CNN, Wall Street, Fleet Street, News Corporation, The New York Times, Bloomberg, Getty, NPR, , Columbia Journalism School Locations: New York, , Washington
Microsoft’s AI deal under federal investigation
  + stars: | 2024-06-06 | by ( Brian Fung | ) edition.cnn.com   time to read: +3 min
Any investigations would focus on whether the companies have used their dominant positions in the AI industry to harm competition. Microsoft, Inflection and Google didn’t immediately respond to a request for comment; Nvidia and OpenAI declined to comment. For years, technology critics and regulators have worried that major tech companies may be monopolizing entire sectors of the economy. One way for tech giants to wield anticompetitive influence in the AI sector, critics say, is through exclusive partnerships with AI startups. Those types of deals, including Microsoft’s relationship with OpenAI, is the subject of an ongoing study by the FTC announced in January.
Persons: OpenAI, Inflection’s, Google didn’t Organizations: Washington CNN, Federal Trade Commission, FTC, Justice Department, Microsoft, Google, Nvidia, CNN, of Justice, , European Union, Apple, Meta Locations: United States
Alphabet announced on Wednesday that Eli Lilly Chief Financial Officer Anat Ashkenazi will be its new CFO after an almost year-long search. Shares of Eli Lilly have soared 90% in the past year and are trading at a record. When she joined Eli Lilly in 2001, she came in through the company's new venture capital division, which was co-founded by her then-spouse Ron Laufer. Fastest growth in decadesFounded in 1876, Eli Lilly has long been one of the major U.S. pharmaceutical companies. But the last couple years have marked a period of historic growth for Eli Lilly due to the exploding popularity of GLP-1s.
Persons: Anat Ashkenazi, Eli Lilly Eli Lilly Alphabet's, Ruth Porat, Eli Lilly, Ashkenazi, it's, Eli Lilly's, David Ricks, Morgan Stanley, Sundar Pichai, Hollie Adams, Ron Laufer, John Smiley, Eli, It's, Trump, Eli Lilly's Covid, we're, Askhenazi, OpenAI's, Larry Page, Sergey Brin, CNBC's Eric Rosenbaum, Toby Lyles Organizations: San, San Francisco Bay Area, Google, Economic, Bloomberg, Getty, CNBC, Tel Aviv University, Hebrew University, U.S . Food, Drug, U.S . Department of Justice, FDA, Reuters, Employees, NBC Locations: U.S, Indiana, San Francisco Bay, Davos, Switzerland, Israel, biopharma, North Carolina, Germany, New Jersey
Smucker popped Thursday after its quarterly report – a reminder of what can happen when Wall Street expectations are low heading into the release, CNBC's Jim Cramer said. While Smucker didn't necessarily crush estimates, the reported results were "enough" to be cheered by skeptical investors, he said. SJM YTD mountain SJM shares YTD performance. Over the past 12 months, Smucker is down around 26%. However, based on the just-reported quarter, Hostess is a brand that "looks to be working" for Smucker, Cramer said.
Persons: Smucker, CNBC's Jim Cramer, Cramer, Thursday's
Seventeen years later, gentle parenting is now the default among my professional-class millennial peers. Teachers blame gentle parenting for bad behavior in classrooms, which some believe is accelerating an exodus from the profession. Ample research links an authoritative parenting style — such as gentle parenting — with the most favorable psychosocial outcomes in children. These are among the questions that gentle parents must contend with, often on the fly. When gentle parenting goes wrong, everyone takes note.
Persons: hadn't, gestured, Doug Fields, Kristen Race, Janet Lansbury, William Sears, Sarah Ockwell, Smith, Abby, society's, Anna Monette Chilstedt, Lansbury, RIE, Chilstedt, Mary Benedetti, Benedetti, influencers, Becky, Kennedy, , you've, Anna Lussenburg, Annie, Nanny, Lussenburg, isn't Organizations: Research, Pediatrics Locations: Toronto, British, Milwaukee, Boulder , Colorado, Calgary , Alberta
CNN —One of the world’s largest democratic exercises gets underway this week, with some 373 million people across the European Union eligible to vote in elections for the next European Parliament. Pedestrians walk past a banner displayed on the building of the European Parliament in Brussels on May 17, 2024. The European Parliament sits primarily in Brussels, Belgium, but moves roughly once a month to Strasbourg, France. National elections are set to take place in France in 2027, in which right-wing populist Le Pen could emerge victorious. There are EPP members (and certainly ECR members) who will agree with ID members on matters such as immigration and climate change.
Persons: Kenzo Tribouillard, Germany’s Ursula von der Leyen, Ursula von der Leyen, Giorgia Meloni, Yara Nardi, Pen, Emmanuel Macron’s, What’s, Simona Granati, der Leyen, Von der Leyen, it’s Organizations: CNN, European Union, Voters, EU, Getty, European Commission, European Council, Italian, European, European People’s Party, EPP, Progressive Alliance of Socialists, European Conservatives, ECR, Corbis, Von Locations: Ukraine, Gaza, EU, Brussels, AFP, European, Belgium, Strasbourg, France, Lampedusa, China, Europe, Italian, Rome, Italy, Germany
Russian President Vladimir Putin has started wearing body armor when out at outdoor public events. Officials told The Moscow Times that Putin's security team had recommended the measure. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRussian leader Vladimir Putin has started wearing body armor at outdoor public events, The Moscow Times reported on Tuesday, citing officials who had seen Putin at these events. "This year on May 9, the chief was clearly wearing concealed body armor during the parade," an official said of Putin's appearance at this year's Moscow Victory Day parade.
Persons: Vladimir Putin, , Putin Organizations: Moscow Times, Service, Business
Despite the wild ride from a performance and volatility perspective, over the last six months, BTC has continued to do one thing very well – adhere to the technicals. It never violated the breakout zone from October'23 and hit the target by early March. Each prior falling wedge pattern breakout was accompanied by its RSI moving to overbought territory. Two Bullish Patterns on One Chart The second and third bullish formations appear on this chart. To reiterate, these targets are attained simply by adding the height of each pattern to the breakout points.
Persons: bitcoin, Let's, it's, Frank Cappelleri Organizations: SEC, BTC Locations: bottoming
That's a stark change from 2015, when the WMO considered the prospect of temporarily overshooting 1.5 degrees Celsius close to zero. The 1.5 degrees Celsius limit is the aspirational target of the landmark Paris Agreement, an international treaty on climate change that was adopted in 2015. Scientists say that exceeding this temperature threshold over the long term will lead to increasingly frequent and catastrophic extreme weather events. António Guterres United Nations Secretary-GeneralEven at current levels of global warming, there are already devastating climate change impacts. Guterres said that the battle to limit long-term temperatures to 1.5 degrees Celsius will be won or lost in the 2020s under the watch of today's world leaders.
Persons: Javier Torres, António Guterres, Guterres, Antonio Guterres, Charly Triballeau, Angelos Tzortzinis Organizations: Afp, Getty, United Nations, World Meteorological Organization, WMO, UN, American Museum of Locations: Quilpue comune, Valparaiso region, Chile, Paris, Russian, New York, Italy, Athens
According to most polls, India’s election was a foregone conclusion. Prime Minister Narendra Modi’s right-wing, Hindu-nationalist alliance was expected to secure a supermajority – and with it the power to enact radical change unopposed. To Modi’s critics and opponents, India was on the fast track to becoming a de-facto one-party state. Going into this election, Modi had set a goal of winning 400 seats in the lower house of parliament, or Lok Sabha. The BJP’s inability to secure an outright majority “pricks the bubble of Modi’s authority,” wrote political scientist Pratap Bhanu Mehta Tuesday night.
Persons: Narendra Modi’s, Modi, Bharatiya Janata Party wouldn’t, God, , Pratap Bhanu Mehta, , Jawaharlal Nehru, Ritesh Shukla, Arathi Jerath, India’s, Arvind Kejriwal, Critics, , ” Mehta, Sanjay Singh, “ Modi, Neelanjan Sircar Organizations: CNN, Bharatiya Janata Party, , BJP, Aadmi Party, , National Democratic Alliance, Center for Policy Research Locations: India, Lok Sabha, , Ayodhya, New Delhi, Delhi
Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. "Remarkable quarter," Jim Cramer said, adding: "I think the stock can take out its high" of roughly $351 a share set in May. The CNBC Investing Club owns cybersecurity rival Palo Alto Networks . They will integrate Nvidia into your company, and that is, of course, the promised land," Cramer said. Dollar Tree : Shares dropped more than 4% after the retailer reported earnings and confirmed it's exploring options of its Family Dollar brand of stores.
Persons: Jim Cramer's, Jim Cramer, Cramer, Campbell, Gordon Haskett Organizations: CNBC, Club, CrowdStrike's, CNBC Investing Club, Palo Alto Networks, Hewlett Packard Enterprise, Nvidia
At the beginning of his remarks from the White House on Tuesday announcing that he would prohibit migrants from seeking asylum at the U.S.-Mexico border, President Biden tried to make clear just whose fault it was that he was taking action by executive order. The White House, Mr. Biden said, had struck an agreement with congressional Republicans earlier this year on what he called the “strongest border security agreement in decades.”It did not take. Because Donald Trump told them to,” Mr. Biden said. That’s what he wanted to do.”On this, Mr. Biden proved correct. Mr. Trump, the presumptive Republican nominee set to face Mr. Biden in the general election, indeed attacked the president a couple of hours before his border announcement.
Persons: Biden, Donald Trump, ” Mr, Trump, Mr Organizations: White, Republicans, Republican Locations: U.S, Mexico
Mike Blake | ReutersSince 2019, immigration has added 2 million workers to the U.S. labor supply, according to an April analysis by Tedeschi. Without immigrants, Tedeschi estimated that the size of the U.S. labor supply would have shrunk by 1.2 million during that period. The short answer is that this executive order will probably not increase inflation. Some experts say the executive order could bring down costs by smoothing out the U.S.-Mexico supply chain. Biden's executive order could help clear some of these supply chain bottlenecks.
Persons: Joe Biden, Leah Millis, Joe Biden's, Biden, Andrés Manuel López Obrador, Jose Luis Gonzalez, Ernie Tedeschi, Tedeschi, Trucks, Daniel Becerril, Donald Trump, I'd, Mike Blake, Tara Watson, Guillermo Arias, Jerry Pacheco, It's, Pacheco, Watson, Trump, Saul Loeb Organizations: White, . Border Patrol, Department of Homeland Security, NBC, Texas National Guard, Reuters, United, Yale University's, White House Council, Economic Advisers, Customs, Brookings, Immigrants, AFP, Getty Images Shipping, Border Industrial Association, Getty Locations: U.S, Mexico, Washington , U.S, United States, Texas, Ciudad Juarez, Nuevo Laredo, Biden's, San Diego , California, Mesa Port, Tijuana , Mexico, New Mexico, Calexico , California
Read previewSam Mitchell, 64, has a yearly income of below $30,000 a year from Social Security. It's a very different way of life from the corporate real estate job he had 15 years ago in Austin making six figures and owning five homes. "I am making a fourth of the money I was making in 2008, but nobody is going to do it." AdvertisementMoving to New York and FloridaTo start life anew, he bought a farm in Peru and built a small house. AdvertisementOnce Social Security payments kicked in, he relied on the $900 a month to get by.
Persons: , Sam Mitchell, they're, Mitchell, It's, Keller Williams, Austin, Sancho Panza, he's Organizations: Service, Social Security, Business, Social, University of Florida, South, Southwest, Austin City, Austin Locations: New York, Florida, Austin, Ithaca , New York, Atlanta, Santa Cruz , California, Costa Rica, South Austin, Peru, Ecuador, California , Oregon, Washington, BestBuy
CNN —ESPN host Pat McAfee is facing backlash after he called WNBA star Caitlin Clark a “White b*tch” during a rant on his show Monday while praising her accomplishments in the women’s basketball league. There is one White b*tch for the Indiana team who is a superstar.”McAfee went on to describe how Clark “carried” Iowa’s basketball program and shattered NCAA scoring records. But instead we have to hear people say we only like her because she’s White, and she’s only popular because the rest of the rookie class is doing what they’re doing. ET on X, formerly known as Twitter: “I shouldn’t have used ‘white b*tch’ as a descriptor of Caitlin Clark. “Referring to Caitlin Clark as ‘the white b*tch for Indiana.’ That’s beyond being too comfortable.
Persons: Pat McAfee, Caitlin Clark, McAfee, Clark, she’s, Guess, ” McAfee, Clark “, she’s White, , Caitlin, , Kim Adams, , Alexa Philippou, Nicole Auerbach, , Jemele Hill, Aaron Rodgers, baselessly, Jimmy Kimmel, Jeffrey Epstein, Kimmel, Rodgers, Norby Williamson, Williamson Organizations: CNN, ESPN, McAfee, NFL, WNBA, Indiana, NCAA, Athletic, NBC, Jemele, Indiana Fever, New York Jets, ABC Locations: Indiana
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