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Hong Kong CNN —China on Monday accused Britain of recruiting a married couple employed by the Chinese central government to spy for its MI6 intelligence service, as the two countries trade allegations of espionage. Those charges in the United Kingdom came after China’s MSS said in January it had detained the head of a foreign consultancy who had allegedly spied for MI6. Under Xi Jinping, China’s most authoritarian leader in decades, the country’s notoriously secretive spy agency has drastically raised its public profile and broadened its remit. In its latest statement Monday, the MSS detailed its allegations against the married couple. According to the MSS, foreign spies are omnipresent and infiltrating everything – from mapping apps to weather stations.
Persons: Hong, Xi, Wang, , , Zhou, Organizations: Hong Kong CNN, Ministry of State Security, Conservative Party, China’s, , CNN, Britain’s Foreign, Secret Intelligence Service, CIA Locations: Hong Kong, China, British, United Kingdom, Britain
Read previewBoeing won't be expanding its fleet of its 737 Max planes anytime soon, according to the FAA. Although no passengers were seriously injured, the FAA barred Boeing from expanding production on Max plane models until quality and safety issues were addressed. FAA administrator Mike Whitaker discusses Boeing quality and safety issues at press conference on May 30, 2024. The FAA grounded 171 Boeing 737-9 Max planes in January before launching its investigation into Boeing's production lines and manufacturing practices. The FAA grounded 171 Boeing 737 Max planes.
Persons: , Mike Whitaker, Andrew Harnik, Michael Whitaker, Whitaker, Max, PATRICK T, FALLON, Dave Calhoun, Stephen Brashear, they've Organizations: Service, Boeing, FAA, Alaska Airlines, Business, Getty, CBS News, Management, Max
Boeing's Starliner spacecraft atop the United Launch Alliance Atlas V rocket rolls out in Florida on Thursday, May 30, 2024. Leaders from Boeing, NASA and the United Launch Alliance, or ULA, held a press conference later Saturday afternoon to provide updates on the malfunction and the status of the next launch attempt. "The disappointment lasts for about three seconds," said Mark Nappi, Vice President and Program Manager of Boeing's Commercial Crew Program. Holds in a rocket launch countdown – as well as "scrubs," indicating a launch delay – are a common occurrence in the industry. Two NASA astronauts are aboard the Starliner capsule, which would be carried by United Launch Alliance's Atlas V rocket to the International Space Station.
Persons: Boeing's, Mark Nappi, ULA, Tory Bruno, Lockheed Martin Organizations: United Launch Alliance, International Space Station, Boeing, NASA, United, Lockheed Locations: Florida, ULA
Boeing 's first Starliner flight with astronauts on board was called off in the final minutes on Saturday. Holds in a rocket launch countdown – as well as "scrubs," indicating a launch delay – are a common occurrence in the industry. Two NASA astronauts are aboard the Starliner capsule, which would be carried by United Launch Alliance's Atlas V rocket to the International Space Station. Depending on the cause of the launch scrub, Boeing and NASA can reschedule the launch for another attempt 24 hours later, or target alternative launch dates of June 5th or June 6th. Saturday's crew flight test represents the final major step before receiving NASA certification to begin regular missions.
Persons: Lockheed Martin Organizations: United Launch Alliance, Boeing, International Space Station, NASA, United, Lockheed Locations: Florida, ULA
CNN —Israel has warned that its war in Gaza could extend until the end of the year. Prolonging the war could have catastrophic consequences for Palestinians in the already ravaged territory and significant repercussions for Israel and beyond, experts said. “And currently Hamas doesn’t seem to be ready to release them.”Impact on Israel’s economyThe war hit Israel’s economy hard in the immediate aftermath of October 7. As of January, the Israeli military was spending $272 million per day on the war, according to the Israeli news site Ynet. Despite these efforts, the war persists, civilian casualties rise and famine spreads in Gaza, intensifying pressure from some of his electorate.
Persons: CNN — Israel, Tzachi Hanegbi, , Joe Biden, , Assaf Orion, Juliette Touma, Benjamin Netanyahu, Netanyahu, Yohanan Plesner, Plesner, Israel, Malcolm Shaw, Yaron Wax, Johanna Geron, INSS, Amir Levy, Orion, Daniel Hagari, ” Plesner, Biden Organizations: CNN, National, Institute for National Security Studies, Israel Defense Forces, London School of Hygiene, Tropical Medicine, Johns Hopkins Center, Humanitarian Health, Israel, United Nations, UN Relief and Works Agency for Palestine Refugees, Israeli, Israel Democracy Institute, International Criminal Court, International Court of Justice, United, P Global, Moody’s, Service, Troops, American, West Bank Locations: Gaza, Israel, Tel Aviv, Rafah, Europe, Palestinian, British, The Hague, Netherlands, Saudi Arabia, Riyadh, Egypt, United Arab Emirates
"The Treasury Department and IRS look forward to working with states to expand Direct File for Americans across the country," Treasury Secretary Janet Yellen said in a statement. More than 140,000 taxpayers used the free filing option, the IRS reports, exceeding the agency's expectations for the pilot program. Beyond increasing access to the Direct File program to all states, the IRS is working on other ways to broaden eligibility. The IRS also announced it would extend its Free File program through 2029. "Free File was part of a successful filing season at the IRS that saw increased interest in a range of free programs to help taxpayers."
Persons: Janet Yellen, Danny Werfel Organizations: Internal Revenue Service, . Treasury, Washington D.C, Treasury Department, IRS, Treasury, Biden, CNBC Locations: Washington, filers
CNBC Make It explores how Gen Zers are really putting their mark on career advice, office culture and more. But it's also become a popular destination for young jobseekers seeking career advice and opportunities. Much of the career advice on TikTok echoes the tips shared in podcasts, YouTube videos and LinkedIn thought pieces. The career confidante for Gen ZTikTok is often the first place Grace Dunlavy will go for career advice. The drawbacks of getting career advice on TikTok
Persons: Jade Walters, Gen, Zers, Baron Leung didn't, Leung, Weeks, TikTok, Baron Leung, it's, jobseekers, Z, Joe Biden, It's, Walters, I've, Gen Z, Grace Dunlavy, Dunlavy, New York — Organizations: TikTok, CNBC, LinkedIn, Zenith, Pew Research Center, Howard University, Saint Louis University Locations: Toronto, U.S, Chicago, New York
Read previewA federal consumer watchdog just hit a major student-loan company with a new lawsuit. According to the press release, the CFPB accused PHEAA of illegally collecting payments from student-loan borrowers whose loans had already been discharged in bankruptcy and sending "false information" to credit reporting agencies. The lawsuit, filed in the US District Court for the Middle District of Pennsylvania, said that under the US bankruptcy code, some private student loans are not subject to the stringent standards that most student loans are when it comes to receiving relief through bankruptcy. Per the CFPB, American Education Services collected or tried to collect 7,934 private student loans after a bankruptcy proceeding between 2017 and 2021, and 177 of them were non-qualified education loans. AdvertisementThe CFPB has previously issued guidance over potential illegal collections of borrowers' payments after bankruptcy proceedings.
Persons: , PHEAA, Rohit Chopra Organizations: Service, Consumer Financial, Bureau, Pennsylvania Higher Education Assistance Agency, American Education Services, Financial, Business, Court, Middle, Middle District of Locations: Middle District, Middle District of Pennsylvania
Read previewUS efforts to counterbalance Chinese imports could instead create unsteadiness in the country's fight against inflation, S&P Global Intelligence wrote. Advertisement"Yet economists say the new duties, and tariffs more broadly, may carry an unwelcome consequence: higher prices and a heightened probability of higher-for-longer interest rates," S&P wrote. Of the 14 categories under scrutiny, the top five accounted for just 3% of Chinese imports into the US in 2022, S&P cited. But for domestic manufacturers, tariffs can ease the pressure to lower prices, as Chinese competitors lose their low-cost advantage. In this sense, protectionism can boost economic growth in the long run, but not before fueling market inefficiencies and complicating inflation.
Persons: , Donald Trump, hasn't shied, Biden, he's, Ben Herzon Organizations: Service, P Global Intelligence, Federal Reserve, Business, P's Locations: China
Want a low mortgage rate? Take someone else’s
  + stars: | 2024-05-31 | by ( Samantha Delouya | ) edition.cnn.com   time to read: +6 min
This means that a buyer keeps the seller’s repayment period, mortgage balance and, notably, the seller’s lower mortgage rate. Securing that ultra-low mortgage rate means that Harper will save thousands of dollars in monthly payments. “I just decided I wanted to see how low I could pay on the interest rate,” Harper said. And while the mortgage rate on the second loan may be high, the total monthly payment could still be lower — if the assumed mortgage rate is low enough. Snagging a low mortgage rate like Harper’s in today’s high interest rate environment may seem like a dream come true to some prospective homebuyers, but the process is not always smooth sailing.
Persons: , Ted Tozer, Ginnie Mae —, Tozer, Ellen Harper, Harper, , ” Harper, ” Tozer, homebuyers, he’d, Raunaq Singh Organizations: CNN, of Housing, Urban, Urban Institute, Intercontinental Exchange, Federal Housing Administration, US Department of Veterans Affairs, Realtors Locations: Georgia, Georgia , Arizona , Colorado , Texas, Florida
Los Angeles real estate company The Agency is selling homes complete with artwork and furniture. Lester, a partner at real estate firm The Agency, is currently selling several new-build luxury homes in Beverly Hills designed by architecture firm Olson Kundig, and has a put together a "full collection" of art in a handful of them. Seen here is the interior of a home that is part of a collection known as The Houses at 8899 Beverly. Rather than simply being "staging" pieces brought in temporarily, the art and furniture is also available to purchase, Lester said. Artelier commissioned a collection of artwork for the public areas at One at Palm Jumeirah, Dorchester Collection, a residential building in Dubai.
Persons: Shaina McCoy, Nils Timm, Paul Lester, Lester, Olson Kundig, Beverly —, Michelle Mary Lee, Irvin Pascal, David Knowles, Knowles, Artelier, Fenton Whelan, Renzo Piano, they've, Kristy Kun Organizations: Agency, CNBC, Los, Beverly, Lazaros, The Agency, Creative Art Partners, London Locations: Angeles, Los Angeles, Beverly Hills, British, Eaton Place, London, Hyde, Dubai, Miami, Jumeirah, Dorchester
The Food and Drug Administration on Friday raised concerns about the health effects of MDMA as a treatment for post-traumatic stress disorder, citing flaws in a company’s studies that could pose major obstacles to approval of a treatment anticipated to help people struggling with the condition. The agency said that bias had seeped into the studies because participants and therapists were readily able to figure out who got MDMA versus a placebo. It also flagged “significant increases” in blood pressure and pulse rates that could “trigger cardiovascular events.”The staff analysis was conducted for an independent advisory panel that will meet Tuesday to consider an application by Lykos Therapeutics for the use of MDMA-assisted therapy. The agency’s concerns highlight the unique and complex issues facing regulators as they weigh the therapeutic value of an illegal drug commonly known as Ecstasy that has long been associated with all-night raves and cuddle puddles. Approval would mark a seismic change in the nation’s tortuous relationship with psychedelic compounds, most of which the Drug Enforcement Administration classifies as illegal substances that have “no currently accepted medical use and a high potential for abuse.”
Persons: Organizations: Drug Administration, Lykos Therapeutics, Drug
It was the 1950s, and nothing was going to get in the way of building a national highway system. Today, state highway departments have rebranded as transportation agencies, but building, fixing and expanding highways is still mostly what they do. Jared Polis signed a law that required the state to reduce greenhouse gas emissions by 90 percent within 30 years. Transportation is the largest single contributor to greenhouse gas emissions in the United States, accounting for about 30 percent of the total; 60 percent of that comes from cars and trucks. To reduce emissions, Coloradans would have to drive less.
Persons: Jared Polis Organizations: Colorado’s Department of Transportation, Transportation Locations: Denver, Colorado, United States
Boeing’s top executives delivered a plan to improve quality and safety to the Federal Aviation Administration on Thursday, vowing to address systemic issues that have damaged the company’s reputation and put the aircraft manufacturer at the center of several federal investigations. Boeing detailed these and other steps during a three-hour meeting with the F.A.A.’s administrator, Mike Whitaker, where the company submitted a “comprehensive action plan” that the regulator ordered in February. Mr. Whitaker had given Boeing 90 days to develop a plan to make sweeping safety improvements after a midcabin panel known as a door plug blew out of a 737 Max 9 jet flying at about 16,000 feet on Jan. 5. No one was seriously injured during the flight. said in a statement on Thursday that “senior” leaders from the agency would “meet with Boeing weekly to review their performance metrics, progress, and any challenges they’re facing in implementing the changes.”
Persons: , Mike Whitaker, Whitaker Organizations: Federal Aviation Administration, Boeing
Medline Industries, a medical supply company, is recalling about 1.5 million portable adult bed rails in the United States and Canada after two reported deaths involving the product, federal safety regulators said. The U.S. Consumer Product Safety Commission said on Thursday that users of the Medline Bed Assist Bar can become entrapped within the bed rail or between the product and the side of a mattress. “This poses a serious entrapment hazard and risk of death by asphyxiation,” the agency said in a statement. “Consumers should immediately stop using the recalled bed rails and contact Medline for a refund.”The commission said that Medline received two reports of deaths associated with the Bed Assist Bars. The deaths took place in July 2019 and November 2023 and involved the entrapment of a 76-year-old woman at a senior nursing facility in Iowa and an 87-year-old woman at a residential care facility in South Carolina, according to the agency.
Organizations: Industries, U.S . Consumer Product Safety Locations: United States, Canada, Iowa, South Carolina
IRS Commissioner Danny Werfel testifies before the House Appropriations Committee on May 07, 2024 in Washington, DC. The IRS will expand Direct File, its free tax filing program, nationwide starting in 2025, the agency and the U.S. Department of the Treasury announced on Thursday. "The Treasury Department and IRS look forward to working with states to expand Direct File to Americans across the country." Direct File was available to limited taxpayers in 12 states during the 2024 filing season. More than 140,000 users successfully filed returns using Direct File and the pilot saved an estimated $5.6 million in tax preparation fees, the agencies announced in April.
Persons: Danny Werfel, Janet Yellen Organizations: IRS, U.S . Department of, Treasury, Treasury Department Locations: Washington ,
CNN —Senate Majority Leader Chuck Schumer and nearly two dozen Democrats pressed the Justice Department on Thursday to launch an industry-wide investigation into Big Oil for alleged collusion and price fixing. The lawmakers urged the DOJ to investigate the oil industry, “hold accountable any liable actors” and halt illegal activity. Last week, congressional Democrats launched an investigation into whether other US oil companies colluded with each other and OPEC. Regulators cited hundreds of text messages Sheffield exchanged with OPEC officials discussing pricing, production and oil market dynamics. “The strategy appears to have worked,” Schumer and his colleagues wrote to the DOJ.
Persons: Chuck Schumer, General Merrick Garland, Schumer, , , Elizabeth Warren, Amy Klobuchar, Bernie Sanders, Dick Durbin, Scott Sheffield, Sheffield “, ” Schumer, Sherman, Sheffield, ” Sheffield Organizations: CNN, Justice Department, Big Oil, Democrats, DOJ, Big, Federal Trade Commission, FTC, Sheffield, Pioneer Natural Resources, OPEC, Pioneer Locations: Texas, Sens
CNN —A Michigan State Police detective has been charged with murder after investigators say he fatally struck a fleeing suspect with an SUV last month near Grand Rapids, state prosecutors announced. Sterling fell to the ground and began yelling and groaning about pain in his back, body-worn police camera footage shows. Keely, 50, has been charged with one count of second-degree murder, which carries a life sentence, as well as an alternative charge of involuntary manslaughter, Michigan Attorney General Dana Nessel announced Tuesday. Brian Keely Michigan State Police)“Detective Sergeant Keely’s actions that day were legally, grossly negligent and created a very high risk of death or great bodily harm, which could have otherwise been prevented,” Nessel said. Keely was suspended from his position following the incident, Michigan State Police Director Col. James Grady II said last month.
Persons: Sgt, Brian Keely, Samuel Sterling, Sterling, Keely, Dana Nessel, ” Nessel, James Grady II, Grady, it’s, ” Grady, Ven Johnson, , , Marc Curtis, ” Johnson, Sterling “, ” Curtis Organizations: CNN, Michigan State Police, Michigan Department, Sterling, Brian Keely Michigan State Police, WWMT, Authorities, Marshall’s, Force Locations: Grand Rapids, Kentwood, Michigan, Burger
Washington CNN —The Internal Revenue Service said Thursday that it will continue and expand its free tax filing program in 2025. It provides step-by-step guidance to taxpayers filing their federal tax returns. Direct File was available to people with certain simple tax returns in 12 states during the 2024 tax filing season. More than 140,000 people successfully filed their federal tax returns using Direct File, exceeding the agency’s expectations. During the 2024 tax filing season, eligibility was limited to people with simple tax returns.
Persons: Biden, they’re, Janet Yellen, , Danny Werfel, haven’t, Werfel Organizations: Washington CNN, Internal Revenue Service, Democrat, , IRS Locations: Washington,
watch nowArtificial intelligence for cancer screening has taken off. So, it is quite a challenge," said Brittany Berry-Pusey, CEO of AI screening startup Avenda Health. Nearly 600 of them have been radiology AI applications approved in the last five years. Thorwarth wrote that AI reimbursement is complex and establishing billing codes for every approved AI tool is "problematic." RadNet's executives compare the process with AI screening to the radiology industry's experience with digital breast Tomosynthesis, known as 3D mammography.
Persons: Brittany Berry, Pusey, Porte, Julien De Rosa, Berry, William Thorwarth, Thorwarth, mammography, Rodrigo Cerda, Cerda, RadNet, Greg Sorensen, RadNet's, Sorensen Organizations: FDA, Food and Drug Administration, Porte de, Afp, Getty, American Medical Association, American College of Radiology, Centers, Medicare, Medicaid Services, CNBC, Artificial Intelligence, Blue Cross Locations: Paris, New Jersey
Its peak $100 billion valuation once made it the world's third largest privately-held company, behind TikTok owner Bytedance and Elon Musk's SpaceX. Estimates have pegged Shein's IPO valuation at around $90 billion, Bloomberg reported last year. AdvertisementTo gauge what happens to some Shein items once they're returned, BI reporters in the UK put two AirTag trackers on Shein garments and sent them back. Shein is more directly involved in production and focuses on clothes, but Temu's popularity "could affect the valuation," Swartz said. In a November statement following the news of Shein's IPO, chairman Mike Gallagher urged investors and banks underwriting the move to "carefully examine Shein's regulatory and compliance programs."
Persons: , Bytedance, Sky Xu, Yangtian Xu, Chris, Shein, confidentially, David Swartz, Swartz, Lululemon, JADE GAO, Stephanie Benedetto, Queen, Benedetto, they're, Shein's, Morningstar's Swartz, Temu, Mike Gallagher Organizations: Service, Elon, SpaceX, Business, Reuters, Authentic Brands, Wall Street, CNBC, Bloomberg, Morningstar, Zurich Insurance Group, Guardian, BI, Coventry Airport, SEC, Street, Financial Times, London Stock Exchange, Chinese Communist Party, Nike, Adidas Locations: China, , Singapore, Sequoia China, London , Hong Kong, York, London, Canary Wharf, Coventry, Walsall, Northern Ireland, England, Kent, Washington, Xinjiang, Dublin, Shein
Boeing 737 Max 8 fuselages manufactured by Spirit Aerosystems in Wichita, Kansas are transported on a BSNF train heading west over the Bozeman Pass March 12, 2019 in Bozeman, Montana. The FAA ordered the report following a near-catastrophic blowout of an airplane door panel on a new 737 Max 9 earlier this year. The FAA also barred Boeing from increasing 737 Max production until the agency was satisfied with Boeing's quality control improvements. The crisis has again tarnished Boeing's reputation, opened it to more federal scrutiny and forced it to slow 737 Max output. Boeing Chief Financial Officer Brian West last week said the company expects to burn cash this year, instead of generating cash.
Persons: Spirit Aerosystems, Dave Calhoun, Max, Mike Whitaker, Brian West, Calhoun, , West Organizations: Boeing, Max, Spirit, Federal Aviation Administration, FAA, Alaska Airlines, United, Southwest Locations: Wichita , Kansas, Bozeman, Bozeman , Montana
Harley Davidson was my first opportunity to work on the client side of marketing, not the agency side. AdvertisementThis pattern became more unhealthy at Harley Davidson. He was telling me, "You're going to be the president of Harley Davidson. Shortly after, I started drinking heavily to cope with the stress and help myself fall asleep. AdvertisementI quit Harley Davidson in September 2016, and I stopped having nightmares.
Persons: , Shelley Paxton, Hagen Dazs, I'd, Harley Davidson, wouldn't, You've, Harley, I've Organizations: Service, Business, Boston College, AOL, Visa, Global Integrated Marketing, Omnicom Media Locations: Minneapolis, East, Boston, Chicago, Europe, Istanbul, United States, Shanghai, France, New Zealand, Canada, Italy
And so, after a successful pilot run, the tax agency has announced that it's making its new free direct file program permanent. The Direct File program first launched in twelve states for the 2023 filing season following a successful pilot. "Since the direct file pilot was completed in April, we have heard directly from hundreds of organizations across the country, more than a hundred members of Congress, from individual direct file users, and those that are interested in using direct file," Werfel said. The new Direct File program has encountered some pushback from paid tax services. Did you use Direct File and save time or money?
Persons: , It's, haven't, Janet Yellen, Danny Werfel, Aaron Mok —, Werfel, Rick Heineman, Heineman, filers, Natalie Quillian, Biden's Organizations: Service, IRS, Business, Treasury Department, Intuit TurboTax, Treasury, House Locations: Yellen
They’re also going to be communicating with one another or driving their moon buggies while on the lunar surface. Lunar clockworkWhat scientists know for certain is that they need to get precision timekeeping instruments to the moon. Exactly who pays for lunar clocks, which type of clocks will go, and where they’ll be positioned are all questions that remain up in the air, Gramling said. Focke Strangmann/APThe new time scale would underpin an entire lunar network, which NASA and its allies have dubbed LunaNet. But how future astronauts living and working on the lunar surface will experience time is a different question entirely.
Persons: aren’t, Cheryl Gramling, NASA’s, Gramling, Omer Tarsuslu, They’re, ” Gramling, Albert Einstein, Paco, Sao, Sundials, , , Bruce Betts, Kevin Coggins, you’ve, ” Coggins, , Bijunath, Patla, ” Patla, Focke Strangmann, It’s, “ It’s, Betts, Artemis III, Arizona State University “ It’ll Organizations: CNN, NASA, NASA’s Goddard Space Flight, Getty, White, Astronauts, Planetary Society, NASA’s Space Communications, Navigation, US National Institute of Standards, Technology, Vehicles, Physical, National, European Space Agency, International Astronomical Union, Reconnaissance, Arizona State University Locations: United States, China, Maryland, Kars, Turkey, Anadolu, German, Sao Miguel, Evora , Portugal, Germany, Malapert Massif
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