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☆ Citi Wealth's horrible tech is infuriating clients and employees and endangering its turnaround
▼ + stars: | 2024-06-25 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +11 min

But even clients who get through the door can be reluctant to park more assets with Citi, according to a wealth advisor. To understand the extent of Citi Wealth's tech woes and the stakes, Business Insider spoke with 14 current and former employees. Andy Sieg took over Citi Wealth in September after leaving Merrill Wealth Management. Citi Wealth clients are losing their patienceCiti receives 27,000 monthly complaints from wealth customers, according to the audit. Getting bank statements emailed is difficult for Citi private bank clients when it's a matter of checking a box at other major banks.

Persons: —, Andy Sieg, Roth, Ernst & Young, EY, Merrill Lynch, Sieg, Morgan Stanley, Kris, Wells, Mike Mayo, Jane Fraser, Shadman Zafar, Alois Pirker Organizations: Service, Revlon, Citi, Business, Ernst, Citi Wealth, Merrill Wealth Management, Morgan, Citigroup, Apple, Microsoft, Bankers, Employees, Work, Fidelity, Advisors

☆ Are you better off than you were four years ago? It can be a murky picture for many
▼ + stars: | 2024-06-25 | by ( Shannon Pettypiece | ) www.cnbc.com time to read: +9 min

But retirees and full-time caregivers have been unable to take advantage of a strong job market. Now, consumers are largely left with the same buying power they had four years ago rather than having seen real income gains over that time that would have helped bolster their financial picture. The outlook for the job market also varies by race with the unemployment rate at 5.6% for Black workers and 5% for Hispanic workers. Food prices have risen around 25% over the past four years while Biden was in office. The rise in food prices has disproportionately impacted lower-income households, which spend around a third of their discretionary income on food, according to a 2022 Agriculture Department survey.

Persons: Joseph Prezioso, Joe Biden, Donald Trump, Ronald Reagan, Julia Pollak, Pollak, Joseph Davis, Biden, MAGA, Julian Assange, Trump, Davis Organizations: Gloucester High School, AFP, Getty, Homeowners, ZipRecruiter, NBC, Consumer, Vanguard, NBC News, Food, Bureau of Labor statistics, Agriculture, Federal Reserve, Walmart, Aldi, Target, Gas Locations: Gloucester , Massachusetts, U.S, Arizona, Nebraska , Colorado

☆ Biden administration moving towards allowing American military contractors to deploy to Ukraine
▼ + stars: | 2024-06-25 | by ( Natasha Bertrand | Oren Liebermann | ) edition.cnn.com time to read: +4 min

CNN —The Biden administration is moving toward lifting a de facto ban on American military contractors deploying to Ukraine, four US officials familiar with the matter told CNN, to help the country’s military maintain and repair US-provided weapons systems. The change would mark another significant shift in the Biden administration’s Ukraine policy, as the US looks for ways to give Ukraine’s military an upper hand against Russia. The policy is still being worked on by administration officials and has not received final sign-off yet from President Joe Biden, officials said. Allowing experienced, US government-funded American contractors to maintain a presence in Ukraine means they will be able to help fix damaged, high-value equipment much faster, officials said. The discussions follow a series of decisions the US has made in recent months to try to help Ukraine beat back the Russians.

Persons: CNN —, Biden, Joe Biden, “, ”, Jake Sullivan, Alex Vindman, Donald Trump’s, Vindman, ” Vindman Organizations: CNN, Biden, Russia, ”, Pentagon, State Department, Administration, Ukraine, National, European Affairs, Donald Trump’s National Security Council Locations: Ukraine, Russia, Ukrainian, Poland, Romania, Kharkiv, Iraq, Afghanistan

☆ Antarctic ice sheet: Scientists identify new ‘tipping point,’ warning future sea level rise may be underestimated
▼ + stars: | 2024-06-25 | by ( Laura Paddison | ) edition.cnn.com time to read: +4 min

A tipping point refers to the threshold at which a series of small changes accumulate to push a system beyond a point of no return. A small increase in ocean temperatures can have a very big impact on the amount of melting, the study found. The study does not give time frames for when the tipping point might be reached, nor does it give figures for how much sea level rise can be expected. A slew of research has looked at the vulnerability of this vast continent to the impacts of the climate crisis. “With every small increase in ocean temperature, with every small increase in climate change, we get closer to these tipping points,” he said.

Persons: ”, Alex Bradley, Bradley, Sebnem, Eric Rignot, Ted Scambos Organizations: CNN, British Antarctic Survey, Nature, Getty, University of California, University of Colorado Locations: West Antarctica, East Antarctica, Antarctica, Anadolu, Irvine, University of Colorado Boulder

☆ How Delta made itself America's luxury airline — and what United wants to do about it
▼ + stars: | 2024-06-25 | by ( Leslie Josephs | ) www.cnbc.com time to read: +16 min

Rival United Airlines — second to Delta in net profit margins — is circling. Delta plans to open Delta One lounges in Boston and Los Angeles later this year, and is studying airports where it could open others. Like other airlines, Delta accepted billions in federal aid to weather the pandemic. Luxury air travel and the United States didn't go together for many years — and might not still, if you ask well-heeled globetrotters. And at Delta and other airlines, many of the perks for luxury flyers come through lounges.

Persons: Benoit Tessier, Ed Bastian's, Bastian, Ed Bastian, John F, Raymond James, Savanthi Syth, Andrew Nocella, Patrick Quayle, Quayle, Richard Anderson, Anderson, Delta, Barack Obama's, They're, Shai Weiss, Claude Roussel, Joe Biden, United States didn't, Henry Harteveldt, Scott Kirby Organizations: Airbus, Delta Air Lines, Reuters Delta Air Lines, Transportation Department, Rival United Airlines —, CNBC, Delta Air Lines Inc, Bloomberg, Getty, American Express, Kennedy International Airport, United, Boeing, U.S, Labor, Southwest Airlines, U.S ., JetBlue Airways, Delta, Corporate, Northwest Airlines, Endeavor, Virgin, American, Sky Club, New, LaGuardia, Etihad Airways, Singapore Airlines, Atmosphere Research, Airlines, Sky Clubs, Los Angeles International Airport, JFK, American Airlines, JPMorgan, Consumer Electronics, Starbucks Locations: punctuality, New York, Delta, Chicago, Boston, Los Angeles, Dubrovnik, Croatia, Amman, Jordan, Cape Town , South Africa, Atlanta, U.S, Queens, N.Y, United, Tokyo, York, United States, Las Vegas

☆ Weak yen: Japanese policymakers 'caught in a bind,' wealth management firm says
▼ + stars: | 2024-06-24 | 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 EmailWeak yen: Japanese policymakers 'caught in a bind,' wealth management firm saysDaryl Liew, head of portfolio management at SingAlliance, says the Bank of Japan could hike interest rates at a faster pace to stem the yen's weakness, but "extremely high" debt levels would mean Japan would face pressure "from a fiscal perspective, which would then put pressure on the yen as well."

Persons: Daryl Liew Organizations: Bank of Locations: SingAlliance, Bank of Japan, Japan

☆ Ground robots may be the 'next game-changer technology' of the war, senior Ukrainian official says
▼ + stars: | 2024-06-24 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Read previewUkraine has its eyes set on a dynamic fleet of ground robots to fight alongside — and, sometimes, instead of — its soldiers in combat as Kyiv continues growing its arsenal of unmanned systems. Multiple ground robots at a UNITED24 summit. UNITED24The new ground combat robots can assault and defend positions, as well as conduct surveillance and reconnaissance, all while being operated remotely from up to two-and-a-half miles away. Ground robots have even been involved in drone-on-drone combat, underscoring a level of depth and sophistication to these operations. The evolution of unmanned systems has been one of the defining elements of the Ukraine war.

Persons: —, Mykhailo Fedorov, Fedorov, there's, " Fedorov Organizations: Service, Business, Systems, Technologies Locations: Ukraine, Ukrainian, Russian, Russia, Western

☆ Apple has been doing some soul-searching around its next big product
▼ + stars: | 2024-06-24 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

When the Vision Pro headset launched in February, the $3,500 price tag and lack of a really great app gave mainstream consumers pause. Since then, Apple has been considering ways to push the headset product line forward and attract new customers, Bloomberg reported on Sunday. AdvertisementThe seemingly lackluster response to the expensive Vision Pro launch has led execs working on the product to do a bit of soul-searching about the way forward for the headset, Bloomberg said. They want to make Vision Pro a more mainstream product, with options at higher and lower prices. Bloomberg said Apple has spent years working on a headset that would cost $1,500 to $2,000, which could be released by the end of 2025.

Persons: —, ChatGPT, Apple, Meta's Ray, it's Organizations: Service, Apple, Bloomberg, Business, Apple Intelligence, Worldwide, Conference, Vision, Apple Watch, Vision Pro

☆ How to Live to 100: An expert warns against taking health advice from centenarians
▼ + stars: | 2024-06-24 | by ( Brady Elliott | University Of Westminster | ) edition.cnn.com time to read: +6 min

It seems obvious but survivorship bias is everywhere in society. We’re currently studying over 65-year-olds who have maintained unusually high levels of exercise into older age and have maintained excellent health. READ MORE: Why married people live longerWhile we know that their lifelong exercise is associated with their unusually good health into older age, we can’t directly say one causes the other yet. But often, like in survivorship bias, we’re not looking at all the data, and so finding patterns where there are none. Bradley Elliott receives funding from the Physiological Society, the British Society for Research on Ageing, the Altitude Centre, and private philanthropic individuals.

Persons: Bacon, Abraham Wald, Wald, “, ”, That’s, We’re, Bradley Elliott Organizations: CNN, Physiological Society, British Society for Research, Ageing

☆ Drawn-Out Heat Wave Expected to Finally Let Up in Many Parts of the U.S.
▼ + stars: | 2024-06-24 | by ( Isabelle Taft | ) www.nytimes.com time to read: +1 min

The unusually early heat wave that shattered temperature records across the Northeast, Mid-Atlantic States and Midwest last week is expected to subside by Monday, bringing relief to tens of millions of Americans. The National Weather Service forecast lower temperatures for much of the Mid-Atlantic on Monday. Philadelphia is also expected to have a much lower heat index value, at 82 degrees, down from 104 on Sunday, forecasters say. Places like Baltimore and Dulles, Va., broke daily temperature records two days in a row. But regions in the Southeast and Southern Plains are expected this week to remain hot — possibly at dangerous levels — with potential highs in the low 100s, according to the Weather Service.

Organizations: National Weather Service, Weather Service Locations: States, Midwest, Washington, Philadelphia, Trenton , N.J, East Coast, Baltimore, Dulles, Va, Southeast, Southern Plains, Kansas , Oklahoma , Arkansas , Mississippi , Alabama, Georgia, Florida

☆ Simone Manuel wins 50m freestyle at US Olympic swimming trials as she continues return from overtraining syndrome
▼ + stars: | 2024-06-24 | by ( George Ramsay | ) edition.cnn.com time to read: +2 min

CNN —Simone Manuel claimed a tight victory in the women’s 50-meter freestyle at the US Olympic swimming trials on Sunday, edging out Gretchen Walsh by 0.02 seconds. Manuel, a five-time Olympic medalist, recorded a time of 24.13 seconds at Indianapolis’ Lucas Oil Stadium, almost half a second faster than her qualifying time. Having already earned a spot at this year’s Paris Olympics as a relay swimmer, the victory means that Manuel will also contest an individual event at her third Games. Al Bello/Getty ImagesAt the 2016 Rio Olympics, Manuel became the first Black woman to win a gold medal in an individual swimming event with her joint victory in the 100m freestyle, while she also won silver in the 50m freestyle. The Paris Olympics get underway on July 26, with swimming events beginning the follow day.

Persons: CNN — Simone Manuel, Gretchen Walsh, Manuel, overtraining, “, ” Manuel, Al Bello, –, Bobby Finke, David Johnston, Luke Whitlock Organizations: CNN, Indianapolis, Lucas Oil, Tokyo Games, Paris, Games, Paris Olympics Locations: Texas, Tokyo

☆ Courts halt parts of Biden’s student loan repayment plan
▼ + stars: | 2024-06-24 | by ( Katie Lobosco | ) edition.cnn.com time to read: +1 min

Two lawsuits filed by Republican-led states argue that the Biden administration overstepped its authority when it implemented the SAVE (Saving on a Valuable Education) repayment plan. Two parts of the SAVE plan will be on pause until the cases are fully litigated. The Biden administration cannot cancel any more federal student debt for borrowers enrolled in the SAVE plan. Under the plan, borrowers qualify for debt forgiveness once they make at least 10 years of payments. The Biden administration will also be blocked from implementing further provisions of the SAVE plan.

Persons: Biden Organizations: Washington CNN, Republican, SAVE, of Education Locations: Kansas, Missouri

☆ ‘We are happy he’s buried in Mecca,’ says daughter of man who died in Hajj heat wave
▼ + stars: | 2024-06-24 | by ( Heather Chen | ) edition.cnn.com time to read: +5 min

Sentono had registered for the Hajj in 2018 and traveled to Mecca with his 83-year-old wife and neighbors from the Indonesian city of Yogyakarta, Jumartiyah said. Some 241,000 Indonesian pilgrims were scheduled to make the journey to Mecca this year, according to Indonesian officials – the country’s largest ever quota. Mecca, the holy city that is central for Hajj pilgrims, saw temperatures soar to a record 125 degrees Fahrenheit (51 Celsius) on Monday. “Everybody is affected by deadly heat and sadly I am not surprised by (the Hajj) death toll,” he added. “Spending time outdoors in the extreme Mecca heat is risking death … so I am afraid there will be more deadly Hajj pilgrimages in the future.”

Persons: Heru Jumartiyah, Ngatijo Wongso Sentono, ”, Sentono, Jumartiyah, “, ” Jumartiyah, Pariyem, –, CNN ‘, Ahmad, Maximiliano Herrera, ” Herrera Organizations: CNN, Saudi, Indonesian Ministry of Religious Affairs Locations: Indonesian, Mecca, Indonesia, Mina, Yogyakarta, Hajj, Saudi, Saudi Arabia, ”

☆ Slowing down will enable you to move faster says Lego CMO Julia Goldin
▼ + stars: | 2024-06-24 | by ( Julia Hood | ) www.businessinsider.com time to read: 1 min

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☆ America’s housing crisis continues to worsen
▼ + stars: | 2024-06-23 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

Washington CNN —Homeowners in America aren’t the only ones struggling with an unaffordable housing market. A report from Harvard University’s Joint Center for Housing Studies released last week showed that both homeowners and renters in recent years have become increasingly burdened by climbing housing costs. That’s all part of a broader struggle in the US housing market, and recent data shows that it hasn’t gotten any better. But there’s a problem: ChatGPT — soon to be integrated into Siri — is banned in China, reports my colleague Samantha Murphy Kelly. The Chicago Fed releases its National Activity Index for May.

Persons: ” Lael Brainard, ”, “, Brainard, Biden, ” Brainard, ChatGPT —, Siri —, Samantha Murphy Kelly, OpenAI, Siri, ChatGPT, Read, Christopher Waller, Lisa Cook, Michelle Bowman, General Mills, Levi Strauss, Tom Barkin Organizations: CNN Business, Bell, Washington CNN — Homeowners, America aren’t, Harvard University’s, for Housing Studies, Harvard, “, White, Economic Council, Urban Institute, Administration, Apple, Apple Intelligence, Microsoft, Google, Meta, Samsung, Cyberspace Administration, FedEx, Chicago Fed, Global, Index, Board, Micron, General, US Commerce Department, Federal Reserve, Nike, McCormick, Walgreens, US Labor Department, National Association of Realtors, Richmond Fed, University of Michigan Locations: Washington, America, Congress, China

☆ This technology could transform one of the world’s dirtiest industries. Experts say it’s way off pace
▼ + stars: | 2024-06-23 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +11 min

This complex will be world’s first large-scale “green steel” project, according to H2 Green Steel, the Swedish company behind the multi-billion-dollar mill. Dhiraj Singh/Bloomberg/Getty ImagesWhile projects like H2 Green Steel show momentum is growing, experts say the pace is far too slow. Northern Sweden is also home to the HYBRIT green steel pilot plant — which is one step ahead. US Secretary of State Antony Blinken speaks during a visit to Hybrit Steel Plant in Lulea, Sweden, on May 30, 2023. But there’s also the challenge of producing large amounts of green hydrogen, which will require huge amounts of renewable energy.

Persons: Peter Boer, Dhiraj Singh, ”, Mohamed Atouife, Daniel Acker, ” Atouife, HYBRIT, Biden, Antony Blinken, Jonas Ekstromer, Martin Pei, SSAB, ” Pei, Chathurika, Caitlin Swalec, Jonathan Nackstrand, Pei, there’s, –, Philipp Verpoort, “ It’s, Princeton’s, Swalec, Chris Greig, ” Greig, RMI’s Gamage Organizations: CNN, Green Steel, Tata Steel, Bloomberg, Getty, Rourkela Steel, Princeton University, Volvo, Hybrit Steel, TT, Agency, AFP, “, Mountain Institute, Global Energy Monitor, Potsdam Institute, Climate Impact, Potsdam, Princeton University’s Andlinger Center for Energy, Workers, Jiangsu Shagang, Co, European Union Locations: Sweden, Boden, Swedish, Wijk aan, Netherlands, Odisha, India, Indiana, Portage , Indiana, Northern Sweden, Cleveland, Ohio, Middletown, Mississippi, Lulea, Luleå, AFP, China, Europe, Japan, Jiangsu, Huai'an, Jiangsu Province, European

☆ I drove the new $55,000 Nissan Z, and it lives up to its reputation as an iconic sports car
▼ + stars: | 2024-06-23 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +2 min

The Nissan Z was an absolute blast to drive. The Nissan Z's cabin. On a winding road, the Bridgestone Potenza-shod car handled the corners with the surefooted confidence expected of a world-class sports car. They were monsters in a straight line but felt heavy and unsure of themselves in the corners. According to Motor Trend, the Nissan Z Performance with the manual transmission can go from 0 to 60mph in just 4.9 seconds.

Persons: Benjamin Zhang, it's, hasn't, gunning Organizations: Nissan, Bridgestone Potenza, 350Z, Motor

☆ How Chinese EV makers are slowly taking over the world
▼ + stars: | 2024-06-22 | by ( Tom Carter | ) www.businessinsider.com time to read: +14 min

Chinese carmakers accounted for 88% of the EV market in Brazil and 70% in Thailand in Q1, according to ABI Research figures. The EV markets in many of these countries are small now, but they're growing rapidly. This is because Chinese automakers are known for their ability to build electric cars for less than their foreign competitors. Australian Senator and shadow cyber-security minister James Paterson said earlier this year that Chinese EVs pose a growing cybersecurity risk. "India is still a little wary of the Chinese market," said Dylan Khoo, an analyst at ABI Research.

Persons: —, BYD, Joe Biden, Bill Russo, Susan Walsh Sam Fiorani, Luiz Inácio Lula da Silva, São Paulo, Luiz Inacio Lula da Silva, Marcel Martin, Katherine Tai, Elon Musk, SONNY TUMBELAKA, They're, Automobility, Tesla, John Keeble, James Paterson, Fiorani, Indranil Aditya, Dylan Khoo, Warren Buffett, Xpeng, William Li, HECTOR RETAMAL, America's, Russo, WuYuan Organizations: Service, Detroit, EV, Business, Research, Ford, Toyota, Volkswagen, EU, AP, AutoForecast Solutions, Brazilian Electric Vehicle Association, Great Wall Motors, Anadolu Agency, Getty, International Council, Clean Transportation, Chery, Total, China Passenger Car Association, Reuters, Honda, Mitsubishi, International Energy Agency, Federal, of Automotive Industries, SAIC, AutoForecast, BYD, SAIC Motors, India's, ABI Research, Union Locations: Camaçari, Brazilian, Bahia, Brazil, Mexico, Southeast Asia, Europe, Thailand, China, Shanghai, EU, São, Johannesburg, South Africa, Southeast Asia Southeast Asia, Malaysia, Vietnam, Indonesia, Indonesia's West Java, Philippines, Australia, Hangzhou, Queensland, India India, India, Europe Europe, Hungary, France, Spain, Portugal, South Korea

☆ I walk over 3 miles to work once a week. A rucking expert helped me turn it into a better workout.
▼ + stars: | 2024-06-22 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +5 min

Read previewWhen I first heard of rucking, a workout favored by both Guy Fieri and the Fittest Woman on Earth, I realized I already sort of do it. Julia PugachevskyKeep the heavier items towards the topCihlar said that your shoulders sometimes feel sore when you start rucking. For more seasoned ruckers, she recommended getting real rucking shoes because trainers "break down faster once you start adding that load." Julia PugachevskyI wore my running shoes and switched to mules at work (which had the bonus of making my pack just a little heavier, too). Julia Pugachevsky/StravaWhen I first started walking to work, I minimized it and didn't consider it a real workout.

Persons: —, Guy Fieri, I've, it's, it'd, Cihlar, Julia Pugachevsky, I'd, Doc Martens Organizations: Service, Business Locations: Brooklyn

☆ India heatwave: Brutal nighttime temperatures give Delhi residents little respite
▼ + stars: | 2024-06-21 | by ( Esha Mitra | Kathleen Magramo | ) edition.cnn.com time to read: +6 min

New Delhi CNN —Nights are getting uncomfortably and dangerously hotter in India’s capital as people in the world’s most populous nation feel little respite from unrelenting temperatures. Northern India has endured a scorching summer — with one part of the capital of Delhi recording the country’s highest-ever temperature 49.9 degrees Celsius (121.8 degrees Fahrenheit) earlier this month. Bicycle rickshaw driver Sagar Mandal told CNN that he’s been getting fewer passengers because people opt for air-conditioned taxis over open-air transport. Outdoor workers like Nikhil Kumar find no respite as the heat lingers on even at night. Residents fill their containers with water supplied by a municipal tanker in New Delhi on 19 June, 2024.

Persons: Sagar, he’s, “, ”, Nikhil Kumar, Esha Mitra, “ We’ve, Kalyani Saha, hasn’t, ” Saha, Saha, Money Sharma, Ajay Chauhan, Ram Manohar Lohiya, ” Chauhan, Chauhan, “ that’s, Sarita Kumari, ” Kumari Organizations: New, New Delhi CNN, Centre for Science, Environment, Sagar Mandal, CNN, Getty, Ministry of Health, NGO Centre, Health Development India Locations: New Delhi, Northern India, Delhi, United States, Mandal, Australian, Lajpat Nagar, India

☆ China talks up support for IPOs. Investors are watching the speed of approval
▼ + stars: | 2024-06-21 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Mike Segar | ReutersBEIJING — Chinese authorities this week announced new policy for supporting venture capital, raising hopes for faster approvals of initial public offerings in the near future. The new policy included a section on expanding exit channels for venture capital, with an emphasis on supporting companies with technological breakthroughs. Investors, especially those who put U.S. dollars into China-based venture capital funds, have preferred IPOs in the U.S. as the largest and most liquid market. Separately, the U.S. has increased its scrutiny of U.S. capital going into China, especially military-related entities. The China Securities Regulatory Commission has increased fines for misleading investors and clarified requirements for overseas IPOs.

Persons: Mike Segar, Marcia Ellis, Morrison Foerster, Ellis, Winston Ma, Ming Liao, Didi, Morrison Foerster's Ellis, Fang Xinghai, Fang Organizations: New York Stock Exchange, Reuters, State Council, U.S, Venture, NYU School of Law, Investors, Prospect, CNBC, China Securities Regulatory Commission Locations: Manhattan, New York City , New York, U.S, Reuters BEIJING, China, Prospect Avenue, Hong Kong, London

☆ A Ride in a Chemical-Sniffing Van Shows How Heat Amps Up Pollution
▼ + stars: | 2024-06-21 | by ( Hiroko Tabuchi | ) www.nytimes.com time to read: +1 min

Two vans loaded with precision instruments trundled along the streets of New York and New Jersey in the heat earlier this week, sniffing for toxic chemicals in the air. They detected spikes in methane, a potent greenhouse gas, most likely from leaks, or from natural-gas-burning buses. And all along the ride, they logged elevated levels of ozone, the main ingredient of smog, as well as cancer-causing formaldehyde — both of which form readily in hot weather. The bottom line: The streets are dotted with pollution hot spots. And the heat makes pollution worse.

Persons: ”, Peter DeCarlo, Johns Hopkins University who’s Organizations: Johns Hopkins University Locations: New York, New Jersey

☆ Wall Street is set to wrap up a strong first half with a key inflation report on deck
▼ + stars: | 2024-06-21 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

With stocks set to close out a strong first half of 2024, investors have just one more key inflation hurdle to clear in the week ahead: May's personal expenditure report. Next week's personal consumption expenditure data, the Federal Reserve's preferred inflation gauge, could show whether that overall picture is intact. May's consumer price index, for example, showed no increase from the prior month. Last month's producer price index , a measure of wholesale prices, unexpectedly dropped from the previous reading. Pending Home Sales Index (May) 11 a.m. Kansas City Fed Manufacturing Index (June) Earnings: Nike, Walgreens Boots Alliance , McCormick & Co. Friday June 28 8:30 a.m.

Persons: Stocks, Terry Sandven, Goldman Sachs, David Kostin, Scott Chronert, Brian Leonard, Leonard, Bank's Sandven, Sandven, Mills Organizations: Nvidia, Microsoft, U.S, Bank Asset Management, Federal, PCE, Bank of America Securities, Wall, Keeley, Advisors, FedEx, Dow, Nasdaq, Dallas Fed, Chicago, Richmond Fed, Carnival, New, Micron Technology, . Kansas City Fed Manufacturing, Nike, Walgreens Boots Alliance, McCormick, Chicago PMI Locations: . Kansas, Chicago, Michigan

☆ These Gen Z managers are doing things very differently — and it seems to be paying off
▼ + stars: | 2024-06-21 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +8 min

Baker is an example of a Gen Z boss who is setting a new standard for productivity by prioritizing her team's mental health and work-life balance. Related storiesLike Hodgson, Winsbury never worked for anyone else and has never even been to a job interview. "We're also constantly pushing our team to make sure that they are having a life outside of work," Winsbury said. Fellow Gen Zers, he said, can be frustrating to work with because they have been conditioned to be impatient. Hodgson said Gen Zers "get a bad name" for being work-shy, but he doesn't think that's the whole story.

Persons: —, Raven Baker, Baker, X, who's, Raven Baker Oliver Hodgson, Hodgson, he's, Oliver Hodgson, Darren Robinson, Sam Winsbury, Winsbury, it's, We're, Daniel Hambury Jessie Urvater, Margot Adams, Jessie Urvater, Jessie Urvater Michelle Enjoli, Enjoli, Zers, I'm Organizations: Service, Business, Kurogo

☆ Home prices around the US are being cut at a faster pace as inventory piles up
▼ + stars: | 2024-06-21 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

US Home prices are falling faster as sellers try to entice buyers fatigued by high mortgage rates. The share of homes on the market that saw a price cut rose to over 16% last month, according to Realtor.com. AdvertisementHome buyers may start feeling some relief soon, as house prices in the US are being slashed at faster clip. Related storiesPrice cuts are also taking place in more markets across the US, with 46 of the 50 largest metropolitan housing markets seeing a price cut last month. Price cuts are good news for homebuyers who have been waiting for the housing market to loosen up.

Persons: —, Price, Realtor.com, decelerate, Sabrina Speianu, homebuyers, Freddie Mac Organizations: Service

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