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☆ Opinion | The Supreme Court Ruling in the Starbucks Case Proves the Law Won’t Save Labor
▼ + stars: | 2024-06-15 | by ( Jaz Brisack | ) www.nytimes.com time to read: +1 min

The outcome is predictable: the most conservative Supreme Court in decades eroded another legal protection of workers’ right to organize. In response, the labor movement must re-evaluate the source of our power; the law will not save us. U.S. labor law contains no penalties for firing workers in retaliation for organizing — only remedies. to obtain 10(j) injunctions, which are emergency legal measures intended to stop the harm that extreme union-busting actions cause to organizing campaigns, the Supreme Court underestimates the damage that retaliatory firings cause. The Supreme Court’s action exposes how little relief workers can expect to receive moving forward.

Persons: McKinney Organizations: Starbucks Corp, Supreme Court, National Labor Relations, Court Locations: Memphis, U.S

☆ A famed economist who called the 2008 recession shares 3 ways stocks resemble some of the biggest bubbles in history — and warns 2 'bona fide' recession signals showed up in May's jobs data
▼ + stars: | 2024-06-15 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

Investors are currently reveling in the 'better', as an ongoing eight-month melt-up once again pushed the S&P 500 to fresh highs this week. But sooner or later, the 'worse' will come, warns David Rosenberg, the founder of Rosenberg Research, who famously called the 2008 recession while working as Merrill Lynch's chief economist. AdvertisementAnother sign the market is out over its skis is the performance divergence between the market cap-weight and the equal-weighted S&P 500 indexes. On June 12, the Dow underperformed the S&P 500 by 0.94%, one of only 71 trading days since 1982 where that's happened, according to Rosenberg's technical analysis consultant, Walter Murphy. AdvertisementIn addition to concerning market technicals, fundamentals could also be in a troubling place in the form of labor market weakness, Rosenberg said.

Persons: —, David Rosenberg, Merrill Lynch's, Rosenberg, Bob Farrell, Walter Murphy, Murphy, — Rosenberg, it's, Louis Fed, Piper Sandler Organizations: Service, Rosenberg Research, Business, Tech, Dow Jones, Dow, Nvidia, Microsoft, Apple, Federal Locations: lockstep

☆ Did You Buy a Disneyland ‘Dream Key’? Disney May Owe You Money.
▼ + stars: | 2024-06-15 | by ( Sara Ruberg | ) www.nytimes.com time to read: +1 min

People who paid nearly $1,400 for an annual pass to Disneyland will begin receiving checks in the mail this month from a $9.5 million settlement of a class-action lawsuit that accused Disney of misleading customers into believing that the program carried “no blockout dates.”More than 100,000 people who bought the Dream Key annual pass between Aug. 25 and Oct. 25, 2021, will each receive about $67.41, a small fraction of what they paid for the pass. The payments were to begin arriving by mail or electronically starting in mid-June, according to the settlement agreement. The lawsuit was filed in November 2021 by a California woman who said she purchased a Dream Key pass to Disneyland in Anaheim, Calif., under the impression that the pass would allow her to make reservations for any day of the year. But when she tried in October 2021 to make a reservation for dates in November, she found that she was unable to do so, according to the lawsuit. The lawsuit said Disney “appears to be limiting the number of reservations available to Dream Key pass holders in order to maximize the number of single-day and other passes” that it could sell to Disneyland visitors.

Persons: Disney, Disney “ Organizations: Disney Locations: California, Anaheim , Calif

☆ Inside America's Fastest-Growing City, a Little-Known Gem in Texas
▼ + stars: | 2024-06-15 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +12 min

Just about 41 miles north of Dallas lies Celina, a small North Texas town that is America's fastest-growing city. Downtown Celina, Texas. Their metamorphosis into sprawling suburban metropolises has been greatly influenced by the ongoing expansion of the North Texas Tollway, which has increased accessibility to the previously remote cities. AdvertisementNew businesses are moving into the cityWith more people living in the city, Celina's economy is also growing as local businesses and services benefit from increased demand. However, Joe Monaco, director of marketing and communications for the city of Celina, told BI that there were "countless volunteers who came out."

Persons: There's, Katy, Ryan Tubbs, Celina, Celina Alcynna Lloyd, Taylor Morrison, Toll, Tubbs, Bankrate, Casas, Aaron Graham, Graham, They're, Tracy Miller, Celina —, Miller, Alcynna Lloyd, —, Sandy Lewis, It's, Celina ., Joe Monaco Organizations: Business, Downtown, Houston, homebuying, North Texas Tollway, Tollway, North Texas Tollway Authority, Celina, Highland Homes, Texans, Homes, Olympic, JC, Real, Group, Mustang, Highland, Little Elm, Troubadour, Celina's, Centurion American Development Group, Dallas, WFAA Locations: Dallas, Celina, North Texas, Collin County, Texas, California, Florida, Georgia , Illinois, Missouri, Africa, Asia, Central America, Europe, Downtown Celina , Texas, Celina Texas, United States, Austin, Celina , New Braunfels, Prosper, Frisco, Plano, Frisco ., Highland, Celina —, Wilson Creek, Cambridge, East Coasts, New York

☆ German chancellor says it's 'very likely' that President Joe Biden could win a second term
▼ + stars: | 2024-06-15 | by ( Cameron Manley | ) www.businessinsider.com time to read: +3 min

Read previewGerman chancellor Olaf Scholz believes it is "very likely" that President Joe Biden could be reelected in November. I think it is very likely that the current president could win the election," said the German leader. Advertisement"He is committed to togetherness and cohesion in his country," Scholz added. But the German chancellor dismissed such worries, saying the president is "very clear." AdvertisementThe German chancellor was speaking ahead of a Ukraine peace conference set to be held in Switzerland.

Persons: —, Olaf Scholz, Joe Biden, Biden, Scholz, Axel Springer, Trump, Vladimir Putin, Putin Organizations: Service, Business, Reuters, Trump, Biden, NATO Locations: Ukraine, Switzerland, Moscow, Russia

☆ Catherine Reappears, in White
▼ + stars: | 2024-06-15 | by ( Vanessa Friedman | ) www.nytimes.com time to read: +1 min

On Saturday morning Catherine, Princess of Wales, tiptoed back onto the public stage for the first time since announcing her cancer diagnosis last year in her signature color-coordinated way, joining the rest of the royal family on the balcony of Buckingham Palace for the traditional finale flyover of King Charles’ birthday parade. She wore a white knee-length Jenny Packham dress with a black-and-white striped belt and a jaunty bow at the neck, topped off with a Phillip Treacy hat, angled just so. As a family unit, on the balcony, it created the image of a tightly controlled, unmistakably harmonic, unified front for a photo op set to go ’round the country. Nothing anxiety-provoking to look at here, the picture seemed to say. Everything’s going to be fine.

Persons: Catherine, Princess of Wales, tiptoed, King Charles ’, Jenny Packham, Phillip Treacy, Princess Charlotte, Princes George, Louis, Jack, Charles and Prince Edward Locations: Buckingham

☆ Western Anxiety Makes for an Unexpectedly Smooth G7 Summit
▼ + stars: | 2024-06-15 | by ( Steven Erlanger | ) www.nytimes.com time to read: +1 min

The Group of 7 summit that ended on Saturday went extraordinarily smoothly by the standards of a gathering where the leaders of major powers come together. That was a measure of the anxiety the leaders feel about deteriorating trends in Ukraine, in the Middle East, in China and in their own political futures. There was a dispute over the use of the word “abortion” in the communiqué, prompted by the host, Prime Minister Giorgia Meloni of Italy, but that was seen as a gesture to her domestic constituency. On important issues of geopolitics, there was little that divided the group. President Biden may appear politically vulnerable and uncertain of re-election, but this summit meeting was another example of unchallenged American leadership of the West, especially on contentious issues of war and peace.

Persons: Giorgia Meloni, Biden, Volodymyr Zelensky Organizations: Ukraine — Locations: Ukraine, China, Italy, United States, Japan, Russia

☆ Dries Van Noten Takes His Exit
▼ + stars: | 2024-06-15 | by ( Vanessa Friedman | ) www.nytimes.com time to read: +1 min

On a recent afternoon, the designer Dries Van Noten sat in the sprawling old warehouse that houses his Antwerp headquarters, with its bare concrete walls, vintage oak cupboards and views over the city’s harbor. He was altering a jacket for his coming men’s wear show: a nip here, a seam moved there. Then, Mr. Van Noten said, a member of his team pointed out that it was the last piece of the men’s collection this season. As Mr. Van Noten recounted later, “I said, ‘That’s not the last piece of the men’s collection: It’s the last piece of my career.’”In March, six years after selling the company he founded in 1986 to Puig, the Spanish luxury group, Mr. Van Noten, 66, did something truly rare in fashion: He announced his retirement. This men’s wear show, next Saturday in Paris, will be his last.

Persons: Van Noten, “, ‘ That’s, ’ ”, Puig, Patrick Vangheluwe Locations: Antwerp, Spanish, Paris, Amalfi Coast, Italy

☆ There may not be many of them. But these Southern lesbian bars are still finding ways to thrive
▼ + stars: | 2024-06-15 | by ( Leah Asmelash | ) edition.cnn.com time to read: +14 min

While not an official tally, the Lesbian Bar Project aims to amplify and keep track of these spaces, which can register with the project. In the South, The Lipstick Lounge, Tennessee’s only bar registered with the Lesbian Bar Project, is in Nashville’s hip East End neighborhood. By the end of Burton’s trip, she found that the narrative of “dying lesbian bars” was maybe not totally accurate. “Sometimes it’s a physical shift from a lesbian bar to a bar that sometimes holds … queer or lesbian nights,” Burton said. Though the two are married, they don't classify their bar as a lesbian bar.

Persons: Sade, Tracy Chapman croon, Erin Karcher, “, Karcher, Joy Carter, ” Carter, it’s, ” Karcher, Lillian Faderman, you’re, “ We’re, ”, ” There’s, We’re, Krista Burton, Moby Dyke, —, isn’t, ” Burton, Burton, bartenders, Sue Ellen’s, Shamecca, they’ve, who’ve, ” Le’Teshia, Herz, Kimberly McKeand, CBS42, Le’Teshia, Christa Suppan, ” Suppan Organizations: CNN, Durham Performing Arts Center, Lesbian, Nucleus, Lesbian Bar, Gallup, Stonewall, Mobile Locations: Durham, Raleigh, North Carolina , Texas, Tennessee, Chicago, San Francisco, Durham , North Carolina, Georgia, Atlanta, Washington, North Carolina, New York, Seattle, America, Herz, Mobile , Alabama, Tulsa , Oklahoma, Dallas, Richmond , Virginia, Mobile, Gulf, Florida, Mississippi, ”, Virginia, Richmond

☆ Ernest Shackleton’s Quest shipwreck has finally been found
▼ + stars: | 2024-06-15 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

Editor’s note: A version of this story appeared in CNN’s Wonder Theory science newsletter. Polar explorer Sir Ernest Shackleton and his crew of 27 men set off aboard the HMS Endurance in 1914. A search expedition found the HMS Endurance wreck in 2022, and now, another part of Shackleton’s legacy has been recovered. Central Press/Hulton Archive/Getty ImagesAn international team of experts using sonar has located the exploration ship Quest, once captained by Shackleton, off the coast of Canada. — A botanist spotted a tiny plant species new to science growing in an unlikely place on the slopes of the Andes.

Persons: Sir Ernest Shackleton, Shackleton, Freeman Dyson, Dyson, George Wittemyer, ”, Mickey Pardo, ritualistically, Chichén Itzá, “, Adomas Valantinas, Ashley Strickland, Katie Hunt Organizations: CNN, HMS, Quest, Central Press, Hulton, Cornell University, Olympus, ESA, Brown University, NASA, CNN Space, Science Locations: Antarctica, South Georgia, Canada, Kenya, Chichén, Yucatán, Everest, England, Australia

Many forms of help are tied to the federal poverty line, which is calculated using a formula that has largely not been updated since the 1960s. The poverty line is calculated in an outdated wayThe current federal poverty line for the 48 contiguous states and Washington, DC, is $15,060 a year for one person, $20,440 for a family of two, and $31,200 for a family of four. Courtesy of Melissa HeddenMuch of the resistance to changing the federal poverty line could stem from the government's desire not to inflate the number of people in poverty overnight. AdvertisementRep. Kevin Mullin, a Democrat from California, has introduced legislation — called the Poverty Line Act— that would modernize the federal poverty line, taking into account actual costs of goods and how prices differ across regions. Do you make above the poverty line but not enough to meet your daily needs?

Persons: —, Jason Hopkins, Hopkins, he's, He's, doesn't, ALICE —, Nyx, Beth Jarosz, Kyle Ross, ALICE, Mollie Orshansky, Jarosz, Stephanie Hoopes, United For ALICE, they've, Melinda Binkley, Ryan Arbuckle, Louis, Oleg Parubin, Parubin, Melissa Hedden, Melissa, Ross, Biden, Kevin Mullin, Mullin, Michael Tubbs, Tubbs Organizations: Service, Business, America, Center for American Progress, Bureau of Labor Statistics, of Health, Human Services, Assistance, Women, Children, United For, SNAP, Bills, Senate Locations: Illinois, Washington, DC, Stillwater , Minnesota, St, Manhattan, Airbnbs, North Carolina, California, Stockon , California, Illinois —

☆ The most important advancement in AI is making Travis Kelce pregnant
▼ + stars: | 2024-06-15 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +1 min

Wombo AI is an app that makes generative images of celebrities. It's gone viral for making images of Donald Trump, Drake, and Travis Kelce — with pregnant belliesYes, this very stupid. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Read looked at some of the early AI things that had delighted us: the pope in a puffer coat and Will Smith eating spaghetti.

Persons: It's, Donald Trump, Drake, Travis Kelce —, —, Joe Biden, Max Read, Read, Will Smith Organizations: Service, Business

☆ I stayed at an all-inclusive Margaritaville for $350 a night. I left convinced it's the best resort in Mexico — and I'm not even a Jimmy Buffett fan.
▼ + stars: | 2024-06-15 | by ( Simone Paget | ) www.businessinsider.com time to read: +1 min

I'm not really a Jimmy Buffett fan, but Margaritaville Cancún is my favorite all-inclusive resort. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementI've never really been a fan of Jimmy Buffett's music, and the late musician's Margaritaville hotels and restaurants have always struck me as a little cheesy. This story is available exclusively to Business Insider subscribers.

Persons: I'm, Jimmy Buffett, —, I've, Jimmy Buffett's Organizations: Service, Marriott, Business Locations: taco, Carretera Tulum, Hyatt

☆ Election Updates: Trump heads to Michigan, fresh from a birthday in Florida.
▼ + stars: | 2024-06-15 | by ( Jazmine Ulloa | ) www.nytimes.com time to read: +5 min

He looked genuinely upset earlier this week when his supporters sang an early “Happy Birthday” to him at a rally in Las Vegas. The Biden campaign hit back with an email on Mr. Trump’s birthday, reminding voters that he had fallen asleep at his own trial, a case that resulted in felony convictions. Images of Mr. Trump playing golf and sitting behind the resolute desk were painted into the icing. “I’ll never forget that Bibi Netanyahu let us down,” Mr. Trump said then. At the rally in Las Vegas, Mr. Trump had, in a rare moment of introspection, riffed about his old age.

Persons: “ Donald, ” Ivana Trump, ”, “, ’, Biden, Corrado Soprano, Mr, Trump, ” James Singer, Robert, Marie Brenner, Liza Minnelli, Billy Crystal, Ronald Reagan, Robin Leach, Rich, Dolly Parton, Elton John, Andrew Dice Clay, George H.W, Bush imitator, Trump’s, Eartha Kitt, Marla Maples, Qassim Suleimani, “ Nobody’s, ” Mr, you’ve, Benjamin Netanyahu, Israel —, “ I’ll, Bibi Netanyahu, Elizabeth Trump, Elizabeth, She’s, Marco Rubio, “ I’m, Rubio, ” Kellyanne Conway, House Republicans serenaded Organizations: Trump, Biden toddling, Biden, Mr, Republican, Capitol, House Republicans Locations: Las Vegas, Europe, Newark, “, Palm Beach, Fla, Atlantic City, N.J, Trump’s, Trump, New York, Beach, Gen

☆ 3 Supercommuters who travel across multiple states for work share how they manage it and why it's worth it
▼ + stars: | 2024-06-15 | by ( Manseen Logan | ) www.businessinsider.com time to read: +4 min

Read previewOver the last few years, many US workers have found themselves traveling farther to get to work but going into the office less often, thanks to hybrid work models. Business Insider spoke with three commuters who have traveled through multiple states to get to work each week. Flying to Michigan weekly for work gave this New Yorker the best of both worldsMiller on the University of Michigan football field. AdvertisementLiving in the Delaware suburbs on an NYC salary made this four-state commute worth itKyle Rice. Courtesy of Kyle RiceKyle Rice started traveling from Wilmington, Delaware, to NYC every morning for work in February.

Persons: —, Miller, Susan Miller, Kyle Rice, Kyle Rice Kyle Rice, Rice, I'd, Mercier, Malick Mercier, Manseen Logan Organizations: Service, Business, Yorker, University of Michigan, University of Michigan Ross School of Business, Amtrak, BI, New York, Los Angeles International Airport Locations: Michigan, New York City, Ann Arbor , Michigan, New, City, Delaware, Wilmington , Delaware, Wilmington, Newark , New Jersey, Newark, LA, New York, Los Angeles, mlogan@businessinsider.com

☆ Opinion | J.D. Vance’s Strange Turn to 1876
▼ + stars: | 2024-06-15 | by ( Jamelle Bouie | ) www.nytimes.com time to read: +1 min

This, in fact, was the argument made by Senator J.D. You would’ve actually tried to go to the states that had problems; you would try to marshal alternative slates of electors, like they did in the election of 1876. And then you have to actually prosecute that case; you have to make an argument to the American people.”Let’s look at what happened in 1876. Samuel Tilden of New York, won a majority of the national popular vote but fell one vote short of a majority in the Electoral College. In the three Southern states, where the elections were marred by fraud, violence and anti-Black intimidation, officials from both parties certified rival slates of electors.

Persons: Donald Trump’s, J.D, Vance of, Ross Douthat, Vance, ” Vance, analogized, “, would’ve, Samuel Tilden, Rutherford Hayes Organizations: Democrat, Gov, Electoral College, The Republican Locations: Vance of Ohio, New York, Florida , Louisiana , Oregon, South Carolina

☆ Germany sets aside unease over its military to celebrate first Veteran’s Day
▼ + stars: | 2024-06-15 | by ( Sophie Tanno | Nadine Schmidt | ) edition.cnn.com time to read: +6 min

CNN —Germany is marking its first Veterans’ Day since World War Two on Saturday, a once unthinkable move that sets aside long-standing unease over the honoring of its soldiers. “We on the left reject this Veterans’ Day,” he told CNN in a statement. The commemorations, modeled on Armed Forces Day in the UK and Veterans Day in the US, will honor all Germans who have worn military uniform – not only those wounded or killed in combat. But the biggest spur to creating a Veterans’ Day has been Ukraine. He played a prominent role in forming the new Veterans’ Day bill.

Persons: Ates Gürpinar, ”, “, Boris Pistorius, ” Johannes Kiess, Johannes Arlt, Arlt, ” Arlt, Andreas Eggert, ” Eggert, Andreas Eggert “, Pistorius, Stefan Huss Organizations: CNN, Veterans ’, Veterans, Linke, Armed Forces Day, UK, Defense, National People’s Army, Bundeswehr, University of Leipzig, Social Democrats Locations: Germany, ”, Ukraine, Soviet, East Germany, Kosovo, Afghanistan, Mali, Berlin, Europe

☆ Supreme Court’s abortion pill ruling puts new focus on conservative Trump judge in Texas
▼ + stars: | 2024-06-15 | by ( John Fritze | Tierney Sneed | ) edition.cnn.com time to read: +9 min

In the mifepristone case, Kacsmaryk’s initial ruling was notable not just for its sweeping nature but in how he embraced the anti-abortion movement’s sensational rhetoric about the procedure. The groups fighting mifepristone argue that the Supreme Court’s decision shouldn’t affect the states’ ability to sue. Both the FDA and several medical groups, including the American Medical Association, told the Supreme Court that mifepristone is safe. But the Supreme Court knocked that argument aside, noting that federal law already allows doctors to avoid performing procedures that violate their conscience. Adam Unikowsky, a veteran Supreme Court litigator who has closely followed the mifepristone case, predicted it will be hard for the states to get the issue back before the Supreme Court.

Persons: Matthew Kacsmaryk, Donald Trump, ”, Carrie Flaxman, Brett Kavanaugh, mifepristone, ” Kavanaugh, Roe, Wade, Kansas –, Andrew Bailey, Kacsmaryk, Joe Biden’s, Biden, it’s, ” Julia Kaye, Erin Hawley, “, –, Adam Unikowsky, litigator, Unikowsky, They’re, ” Jaime Santos, Goodwin, “ that’s, Kavanaugh, isn’t Organizations: CNN, Trump, mifepristone, Supreme, Food, Democracy Forward, and Drug Administration, Republican, Alliance for Hippocratic, Biden, ACLU, Defending, FDA, American Medical Association Locations: Texas, Amarillo, – Missouri, Idaho, Kansas, Missouri, Texas ’, Mexico, Missouri , Idaho

☆ South Africa's Ramaphosa re-elected as ANC strikes coalition deal
▼ + stars: | 2024-06-15 | by ( ) www.cnbc.com time to read: +2 min

President of the African National Congress (ANC) Cyril Ramaphosa (C) gestures after he was announced president after members of parliament voted during the first sitting of the New South African Parliament in Cape Town on June 14, 2024. The African National Congress and its largest rival, the white-led, pro-business Democratic Alliance, agreed on Friday to work together in South Africa's new government of national unity, a step change after 30 years of ANC rule. Once unthinkable, the accord allowed President Cyril Ramaphosa to win a second term in office. The deal between two sharply antagonistic parties is the most momentous political shift in South Africa since Nelson Mandela led the ANC to victory in the 1994 election that marked the end of apartheid. The National Assembly had earlier elected a DA lawmaker as deputy speaker, after choosing an ANC politician as speaker - the first concrete instance of power sharing between the two parties.

Persons: Cyril Ramaphosa, Nelson Mandela, John Steenhuisen, Long Organizations: African National Congress, New, Democratic Alliance, ANC, National Assembly Locations: African, Cape Town, South, South Africa

☆ Rochester Hills, Michigan shooting: At least 9 shot, including an 8-year-old, at recreation center; suspect contained in home nearby, police say
▼ + stars: | 2024-06-15 | by ( Emma Tucker | Sara Smart | ) edition.cnn.com time to read: +3 min

CNN —At least nine people were shot at a recreation area in Rochester Hills, Michigan, on Saturday, and a suspect is contained at a home surrounded by officers near the crime scene, police said. One of the victims was 8 years old, said Bouchard, who added he could not comment on the age of the other victims. Bouchard said it appears the suspect pulled up to the recreation area, exited a vehicle and opened fire roughly 20 feet away, reloading multiple times. Authorities are bringing in additional assets, including SWAT teams and armored vehicles to assist officers at the scene, Bouchard said. “A vehicle that matched what had been described as a vehicle leaving the scene was there,” the sheriff said.

Persons: Oakland County Sheriff Michael Bouchard, “, Bouchard, ”, Bryan Barnett, “ We’re Organizations: CNN, Brooklands, Oakland County Sheriff, Rochester Hills, Authorities, ” Investigators, Sheriff’s Locations: Rochester Hills , Michigan, Rochester Hills, Oakland County, Rochester, Detroit, Oxford, Oakland

☆ Elevated interest rates are creating the best entry point in decades for a severely discounted index expected to see an explosive upside of up to 100% as rates drop
▼ + stars: | 2024-06-15 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

At the turn of the year, the market was banking on six rate cuts beginning in March. Advertisement"The valuation ratio from small caps to large caps right now is at a 24-year low. This is probably one of the best entry points into small and mid-cap stocks," Ewing said. He added that when the Fed starts cutting rates, small caps have historically outperformed. Morningstar holds steady to its expectation of two rate cuts of 25 basis points each for 2024.

Persons: Jerome Powell, James St . Aubin, Brett Ewing, you've, we're, Ewing, haven't, David Sekera, Russell, Sekera Organizations: Service, Federal, Market Committee, Sierra Funds, Fed, Morningstar

☆ Washington Post Publisher and Incoming Editor Are Said to Have Used Stolen Records in Britain
▼ + stars: | 2024-06-15 | by ( Justin Scheck | Jo Becker | ) www.nytimes.com time to read: +1 min

The publisher and incoming editor of The Washington Post used fraudulently obtained phone and company records in newspaper articles as journalists in London, according to a former colleague, the published account of a private investigator and an analysis of newspaper archives. Will Lewis, The Post’s publisher, assigned one of the articles in 2004 as business editor of The Sunday Times. Another was written by Robert Winnett, whom Mr. Lewis recently announced as The Post’s next executive editor. The use of deception, hacking and fraud is at the heart of a long-running British newspaper scandal, one that toppled a major tabloid in 2010 and led to years of lawsuits by celebrities who said that reporters improperly obtained their personal documents and voice mail messages. Mr. Lewis has maintained that his only involvement in the controversy was helping to root out problematic behavior after the fact, while working for Rupert Murdoch’s News Corporation.

Persons: Will Lewis, Robert Winnett, Lewis, Rupert Organizations: The Washington Post, Sunday Times, Rupert Murdoch’s News Corporation Locations: London

☆ Bitcoin will hit $500,000 by the end of this decade as ETF demand booms, Bernstein says
▼ + stars: | 2024-06-15 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Bitcoin is predicted to hit $500,000 by 2029, according to Bernstein. The bullish outlook is driven by a sustained boom in demand for bitcoin ETFs, combined with constrained supply. AdvertisementThe price of bitcoin is set to soar to $500,000 by the end of the decade, according to a recent note from Bernstein. Advertisement"This is led by unprecedented Bitcoin demand ($190Bn AUM in 2025E vs. $60Bn today) via ETFs run by the world's leading asset managers, and Bitcoin supply being constrained," Bernstein said. Bernstein argues that MicroStrategy deserves the premium valuation as it offers investors an "active-leveraged" strategy compared to passive bitcoin ETFs.

Persons: Bitcoin, Bernstein, —, Gautam Chhugani, Mahika Sapra, bitcoin, Chhugani, Sapra, MicroStrategy Organizations: Service, BTC

☆ Taiwan is one-upping Ukraine's navy to defeat a Chinese invasion
▼ + stars: | 2024-06-15 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

Read previewTaking a cue from Ukraine's use of naval drones to offset a superior Russian fleet, Taiwan has unveiled a much larger unmanned kamikaze boat that could devastate a Chinese amphibious force. But if not this one, Taiwan will certainly field some kind of unmanned attack boat to try to stop a Chinese invasion or blockade. AdvertisementBoth Taiwan and America are looking to what has become the gold standard in naval drone warfare: Ukraine's campaign in the Black Sea. Instead, Russia's Black Sea Fleet has retreated from Ukrainian waters. In part this is because of land-based anti-ship missiles such as the Neptune, which sank the cruiser and Black Sea Fleet flagship Moskva in 2022.

Persons: —, Samuel Paparo, Paparo, Magura, Michael Peck Organizations: Service, Liberty Times, Business, Pacific Command, Washington Post, US, Sea Fleet, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Russian, Taiwan, China, America, Ukraine, Moskva, Japan, Forbes

☆ Kate Middleton put on a 'game face' in order to 'power through' at King's birthday celebrations, a body-language expert says
▼ + stars: | 2024-06-15 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +3 min

Read previewKate Middleton put on her "game face" for the crowds and cameras at the 2024 Trooping the Colour parade, according to a behavioral and body-language expert. The mother-of-three joined other senior members of the British royal family for all public-facing parts of the ceremony. She was seen arriving at Buckingham Palace with her husband, Prince William, and their children. "Looking at the first photograph of Kate Middleton and Prince William heading to the ceremony together, Kate is using a masking smile. AdvertisementCatherine, Princess of Wales, arrives to Horse Guards Parade for the King's Birthday Parade "Trooping the Colour" in London on June 15, 2024.

Persons: —, Kate Middleton, Wales, Prince William, Darren Stanton, Kate, Stanton, Catherine , Princess of, Benjamin Cremel, Prince George, Princess Charlotte, Prince Louis, William, Catherine, Princess of Wales, Justin Tallis, King Organizations: Service, Business, Glass, Horse Guards Parade, Getty, Horse Guards, Glass State Locations: London, Buckingham, Catherine , Princess of Wales, AFP

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