DIRS.INFO The most relevant business & tech news

☆ A 'squad' member and a Trump-impeaching Republican on defense: What to watch in Tuesday's primaries
▼ + stars: | 2024-08-06 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Head_Shot.Jpeg | Bridget Bowman | ) www.nbcnews.com time to read: +9 min

The super PAC also spent millions to defeat a fellow “squad” member, Rep. Jamaal Bowman, D-N.Y., in a June primary. 'Squad' member Cori Bush faces Democratic primary putting a spotlight on IsraelRep. Cori Bush is facing a tough primary in her fight for a third term. In Michigan’s 3rd District, Democratic Rep. Hillary Scholten faces multiple challenges to the seat she has held for nearly two years. So far, Trump has not weighed in on the Republican primary race. But in Kansas’ solidly Republican 2nd District, Trump and Conservatives for American Excellence are on the same side in Tuesday’s primary to replace retiring GOP Rep. Jake LaTurner.

Persons: Donald Trump’s, Cori Bush’s, William Lacy Clay Jr, Bush, Jamaal Bowman, Cori Bush, Allison Robbert, Wesley Bell, Dan Newhouse, David Valadao of, Newhouse, Trump, Jerrod Sessler, Tiffany Smiley, Smiley, Thanedar —, Mary Waters, Mike Duggan, Shakira Lynn Hawkins, Elissa Slotkin, Mike Rogers, Democratic Sen, Debbie Stabenow, Rogers, James Craig, Peter Meijer, Sandy Pensler, Justin Amash, ”, Hill Harper, Hillary Scholten, Scholten, Salim Al, Paul Hudson, Michael Markey, Republican John Gibbs, Joe Biden, Kamala Harris, Biden, Dan Kildee, Paul Junge, Mary Draves, Anthony Hudson, Matt Collier, Sen, Kristen McDonald, Pamela Pugh, Republican Tom Barrett, Curtis Hertel, State Jay Ashcroft, Mike Kehoe, Bill Eigel, Tuesday’s, Lucas Kunce, GOP Sen, Josh Hawley, Bob Onder, Blaine Leutkemeyer, Jake LaTurner, Derek Schmidt, Sharice Davids, Marie Gluesenkamp Perez, Joe Kent, Kent, Gluesenkamp Perez, Leslie Lewallen Organizations: Cori Bush’s Democratic, Democratic 1st District, United Democracy, American Israel Public Affairs Committee, Israel, PAC, Democratic, Bloomberg, Getty, Senate, Capitol, Republicans, Trump, Newhouse, America, Inc, Detroit City Council, GOP, Michigan's Senate, AP, National Republican Senatorial, Detroit Police, Republican Party, ABC, District, Michigan State University, Republican, Democrats, Biden, Congressional District, Democrat, Dow Chemical, Flint, Board of, State, Gov, Marine, American Excellence, Conservatives, American, Kansas Republicans, Army Locations: Missouri, — Missouri, Washington , Michigan, Kansas, Israel, Louis, David Valadao of California, Michigan’s 13th, Shakira Lynn Hawkins . Michigan, Michigan's, Michigan, Michigan’s, Grand Rapids, Rapids, Kent, Trump, Washington’s, Camas, Washington

☆ 'Sell the first rate cut': Bank of America's top global strategist warns stocks could be in for trouble as the economy heads toward a hard landing and the Fed gets set to slash rates
▼ + stars: | 2024-08-06 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

In an August 1 note to clients, the bank's top global strategist urged investors to sell stocks when the Federal Reserve issues its first rate cut. Hartnett and his team studied the last 12 rate-cutting cycles going back to 1970 and identified three varieties of rate cuts. Hartnett said surging global central bank rate cuts are signs that the economy is in for a rough stretch. Investors expect the Fed to cut rates for the first time this cycle at its September meeting. "Emergency Fed rate cuts being priced in makes little sense given the economic backdrop in the U.S. and would only serve to destroy policy maker credibility."

Persons: —, America's Michael Hartnett, Hartnett, Louis, Jean, Louis Nakamura, Michael Kantrowitz, Piper Sandler, Kantrowitz, Hartnett's, Jim Smigiel Organizations: Service, America's, Federal Reserve, Business, Bank of America Bank of America, Bank of America, Louis Fed, Bank of America's, Global, SEI Locations: U.S

☆ India's ultra-wealthy club is booming — here's where the country's rich are investing
▼ + stars: | 2024-08-06 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +5 min

High-end real estateAbout 30% of India's UHNWI investments go into luxury real estate, including overseas projects, said Alok Saigal, president of wealth management firm Nuvama Private. People have moved away from investing in land as it is less liquid, and more wealth has been allocated to residential real estate since the pandemic, he added. Around 20% of Dubai's offshore real estate pie is owned by Indian investors. Startups' lureInvesting in startups is becoming increasingly popular, especially with the younger generation of rich Indians, wealth managers told CNBC. Bloomberg | Bloomberg | Getty ImagesAbout 17% of India's UHNWIs' wealth goes into luxury goods, with jewelry, art and watches as top preferences, findings from Knight Frank revealed.

Persons: Knight Frank, Alok Saigal, Alok, Chethan Shenoy, Anand, Saigal, Nitin Chengappa, India's, Chengappa, Anand Rathi Wealth's, LVMH Moet Hennessy Louis Organizations: Getty, India, Nuvama Private, Offshore, Nuvama, CNBC, Standard Chartered Bank, Shoppers, DLF, BMI, Bloomberg, Fitch Solutions, LVMH Moet Hennessy Louis Vuitton SA Locations: Mumbai, Beijing, New York, London, UHNWIs, Dubai, Delhi, New Delhi, India

☆ Breaking is making its Olympics debut in Paris. Just don’t call it breakdancing
▼ + stars: | 2024-08-06 | by ( Faith Karimi | ) edition.cnn.com time to read: +11 min

It might seem more like an artform than a sport, but breakdancing — known professionally as breaking — is making its Olympics debut this month in Paris. The Olympics adopted the same name to honor its culture and history and preserve its authenticity, Nifontov said. As breaking makes its Olympics debut, Cooper said a part of him fears it will lose some of the cultural qualities that make it a unique artform. Breaking events are scored on five factorsLike gymnastics or figure skating, breaking competitions are scored by a panel of judges. She eventually left her job at a global cosmetics company to focus on breaking and lives in New York City, where she trains.

Persons: breakdancing, Victor Montalvo, Victor, who’s, Michael Jordan, “, ” Montalvo, ”, Sergey Nifontov, James Brown, Richard Laird, Nifontov, Richard M, Cooper, ” Cooper, we’re, Brown, ” Nifontov, Robert Deutsch, Zack Slusser, Montalvo, Logan Edra, Yves Herman, it’s, …, Sunny Choi, Andrew Kelly, Jeffrey Louis, Jeffro, Louis, ” Louis, I’ll, ” Choi, I’ve, ” CNN’s Gonzalo Alvarado Organizations: CNN, CNN En Espanol, New York City, DanceSport Federation, New York City's, American Studies, Widener University, Olympics, USOC Media Summit, Paris, USA, Sports, Reuters, International Olympic, Olympic, USA’s, Team USA, University of Pennsylvania Locations: Paris, New York, China, France, Japan, Netherlands, South Korea, Ukraine, Kazakhstan, United States, New, Chester , Pennsylvania, Africa, Hollywood, Argentina, Leuven, Belgium, Mexico, New York City, Florida

☆ Gen Z might be the luckiest homebuying generation. Here's where they're scooping up homes.
▼ + stars: | 2024-08-06 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +5 min

A new SmartAsset analysis found that Gen Z bought homes in 2023 at the fastest rate in the Indianapolis, St. Louis, and Cincinnati metro areas — and the slowest in California and the Northeast. The median property value for these 2,266 new Gen Z homeowners in Indianapolis was $225,000, while the median income was $65,000. Related storiesA slightly lower percentage of Gen Z bought homes in St. Louis last year at just below 1.6% or 2,649 people. Other metro areas seeing higher rates of new Gen Z homeowners included Jacksonville, Virginia Beach, and Kansas City. Intuit Credit Karma found in January that nearly a third of Gen Z adults live with their parents.

Persons: —, homeownership, Z, Louis, Gen Zers, X, Gen, Redfin, Xers, Gen Z, millennials, homebuyers, Karma Organizations: Service, Business, Kansas City, YouTube, Pew Research Center, Intuit, Bank of Locations: Midwest, Indianapolis, St, Cincinnati, —, California, homebuyers, Jacksonville, Virginia Beach, Kansas, Homebuyers, Detroit , Cleveland, Pittsburgh, Texas, San Francisco , New York City, Los Angeles, Boston, San Francisco, Bank of America

☆ How a VP pick shaped U.S. politics for decades: From the Politics Desk
▼ + stars: | 2024-08-05 | by ( The Politics Desk | ) www.nbcnews.com time to read: +6 min

In today’s edition, we report on how Vice President Kamala Harris’ search for a running mate is nearing the finish line. In case that wasn’t already clear from the vetting, the interviews and the obsessive media attention, consider the long — and still lengthening — list of ways one selection shaped decades of national politics. The pick influenced not just Obama’s electoral victories and the Obama administration but also every successive presidential election since then. And it could keep doing so for years, as Vice President Kamala Harris prepares to make her choice Tuesday. And Harris’ running mate selection could anoint the Democratic Party’s next presidential favorite, potentially into the 2030s.

Persons: Kamala Harris ’, Scott Bland, Barack Obama’s, Joe Biden, Obama, Kamala Harris, Obama’s, David Plouffe, Hillary Clinton, Donald Trump’s, Biden, Harris, Sen, Evan Bayh, Tim Kaine, —, Cori Bush, Julie Tsirkin, Kyle Stewart, “ I’m, ”, Bush, Wesley Bell, Bell, Louis County’s, Israel —, Jamaal Bowman, J D, Lou Organizations: NBC, White House, Capitol, Democratic, Virginia Gov, Kyle Stewart Democratic, NBC News, Israel, Justice Department Locations: Israel, Indiana, Ferguson, Washington, U.S, York, Gaza

Bell has consistently maintained that Israel has the right to defend itself against Hamas and said he would be supportive of the U.S. ally if elected. Bush accused Israel of an “ethnic cleansing campaign” as the country retaliated. A group of 30 rabbis from the area endorsed Bell in the spring and accused Bush of antisemitism. Bush confirmed the federal investigation but referred to the complaints as “baseless.”Both Bush and Bell argued that the race is about more than just the Middle East. On Friday, Rep. Katherine Clark, a member of House Democratic leadership, traveled to Missouri to stump for Bush.

Persons: LOUIS —, Cori Bush, Bush, —, “ I’m, ”, Wesley Bell, Bell, Louis County’s, Israel —, Jamaal Bowman, Kamala Harris, Joe Biden, she’s, ” Bush, I’ve, “, Israel, Benjamin Netanyahu’s, ” Bell, Louis . Bell, Republican Sen, Josh Hawley, Jeff Roberson, Mike Brown, Michael Brown Sr, Katherine Clark, Bowman Organizations: LOUIS, LOUIS — Democratic, NBC News, Israel, Justice Department, Democratic, “, St, Israeli, Jewish Federation of St, Republican, NBC, Senate, Sunday, House Democratic Locations: Ferguson, Washington, Israel, U.S, York, Gaza, ”, Missouri, Louis, Biden’s State, Palestine, St, Clayton , Missouri, Bush, Ferguson , Missouri, New York

☆ A Republican State A.G. Fights to Keep Exonerated Prisoners Behind Bars
▼ + stars: | 2024-08-05 | by ( Shaila Dewan | ) www.nytimes.com time to read: +1 min

Over the decades he spent in prison, sentenced to life for a fatal shooting in 1990, Christopher Dunn faced one obstacle after another as he sought to clear his name. A Missouri judge had exonerated Mr. Dunn and ordered his release from prison. Dressed in a jacket and tie, Mr. Dunn was signing the last bit of paperwork when he overheard the warden taking a call, saying, “We were just about to release him — what do you want me to do?”The state attorney general, Andrew Bailey, had intervened to keep Mr. Dunn, 52, behind bars. He was ordered to change back into his prison uniform and returned to his cell, leaving the St. Louis prosecutor, who had asked the court to clear Mr. Dunn, scrambling to free him. Mr. Bailey, who took office 17 months ago to fill out his predecessor’s term, is trying to fend off a formidable challenger as he seeks a full four-year term as the state’s top law enforcement officer.

Persons: Christopher Dunn, Mr, Dunn, “, Andrew Bailey, Louis, Bailey Organizations: St Locations: Missouri

☆ In Photos: The best fashion, looks and trends from the 2024 Paris Olympics so far
▼ + stars: | 2024-08-05 | by ( Leah Dolan | ) edition.cnn.com time to read: +6 min

Even the Olympic athletes are letting their personalities shine through via arty manicures or spray-painted hair. Christophe Petit Tesson/Pool/EPA/ShutterstockBritish Prime Minister Keir Starmer wore a Team GB rain jacket to the opening ceremony of the Olympic Games Paris 2024. Matthew Stockman/Getty ImagesLady Gaga wore custom-made Dior during her cabaret-inspired performance at the opening ceremony. John Walton/PAUS track and field athlete Sha'Carri Richardson dazzled the camera with her custom manicure during the opening ceremony. Jamie Squire/Getty ImagesModel Kendall Jenner seen wearing Team USA merchandise and high-waisted jeans on August 1.

Persons: Anna Wintour, Ariana Grande, Thom Browne, Zendaya, Law Roach, Jean, Charles de Castelbajac, it’s, Keir Starmer, —, Celine Dion, Serena Williams, Louis Vuitton, Fondation Louis Vuitton, Anthony Behar, Cynthia Erivo, Vuitton, Browne, Christophe Petit Tesson, Karwai Tang, Thelma Davies, Emmanuel Matadi, Lars Baron, Getty, Chrissy Teigen, John Legend, Matthew Stockman, Lady Gaga, Dior, John Walton, Sha'Carri Richardson, Ashley Landis, Dr, Jill Biden, Ralph Lauren, Karen Bass, Jamie Squire, Shirine Boukli, Buda Mendes, Sauer, Charles McQuillan, Snoop Dogg, Charlie Riedel, Jessica Chastain, Yuto Horigome, Sara Balzer, Mustafa Ciftci, Nicole Kidman, Natalie Portman, Simone Biles, Pete Dovgan, ” Biles, “, I’m Simone Biles, Kendall Jenner, Sharon Stone, Spain's Carlos Alcaraz, Serbia's Novak Djokovic, Arturo Holmes, Jordan Chiles, Alvaro Diaz, Latifah, Sameer Al, Princess Anne, Pascal Le Segretain, Noah Lyles, Christian Petersen, Kirill Kudryavtsev Organizations: CNN, Olympic Games, Vogue, arty, Starmer’s, Fondation Louis, British, Team Liberia, Getty, USA, South Korean Olympic, NBC, Apple, Nike, Kyodo, Anadolu Agency, Speed, Team USA, Europa Press, Team Locations: Paris, New York, Chloé, AFP, Los Angeles, Spring , Texas, Serbia, USA

☆ 2 recession indicators with perfect track records show the US just entered a downturn — opening the door for stocks to plummet as the Fed gets set to cut rates
▼ + stars: | 2024-08-03 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

AdvertisementSt. Louis FedDespite the Sahm Rule's impressive history, it is sometimes criticized because it fails to account for rising labor participation, which can raise the unemployment rate. In addition to downcast labor market data, the ISM Manufacturing Index fell further into contraction territory this week, signaling that US manufacturing continues to slow. The market's direction also depends on how investors interpret interest rate cuts alongside future data. Fed funds rate futures markets are now pricing in a 50-basis-point cut in September, according to the CME FedWatch Tool. AdvertisementHartnett and his team analyzed Fed rate-cutting cycles and identified three different types of rate cuts — cuts into a soft landing, cuts into a hard landing, and panic cuts, which are due to a credit event or some sort of Wall Street crisis.

Persons: —, Claudia Sahm —, Louis Fed, Piper Sandler, Tom Essaye, Jack McIntyre, Lara Castleton, Janus Henderson, Michael Kantrowitz, we've, Kantrowitz, Michael Hartnett, Hartnett Organizations: Service, Bureau of Labor Statistics, Business, Labor, Brandywine Global, ISM, Nasdaq, Fed, Janus, Janus Henderson Investors, Bank of America, Fund

☆ Sean Grayson’s fatal shooting of Sonya Massey highlights risky practice of hiring ‘wandering officers’
▼ + stars: | 2024-08-03 | by ( Ramon Sanchez | Ray Sanchez | ) edition.cnn.com time to read: +20 min

The suspension of former Sangamon County Sheriff’s Deputy Sean Grayson’s law enforcement certificate came only after he was fired and charged with murder. Sean Grayson, a deputy with the Sangamon County Sheriff’s Office, faces multiple charges in the shooting death of Sonya Massey. ‘We can’t have you in our uniform’Grayson worked at six Illinois law enforcement agencies over a four-year period. Then he started working full time with Auburn police, the Logan County Sheriff’s Office, and finally the Sangamon County Sheriff’s Office in May 2023. The union representing Illinois law enforcement officers said it will not challenge Grayson’s termination.

Persons: Sonya Massey, Sean Grayson’s, Grayson, Massey, “, they’ve, ”, Christy Lopez, Obama, Lopez, “ It’s, ” Lopez, Sean Grayson, It’s, CNN Grayson, Daniel Fultz, Jack Campbell, ” “ Grayson, ” Campbell, ” Grayson, Campbell, Brian Grisham, Bryce Dubee, “ Sean P, Kincaid, KSHB, ” Grisham, Grayson “, Logan, admonishing Grayson, “ I’m, George Floyd, Derek Chauvin, Floyd, Chauvin, Michael Brown, Ferguson, –, it’s, Barack Obama’s, ” Laurie Robinson, ” Decertification, Grisham, “ We’ve, Holly Yan, Bill Kirkos, Amanda Musa, Andy Rose, Chris Boyette, Brad Parks, Dakin Andone Organizations: CNN, Army, International Association of Chiefs, Police, Georgetown University, US Justice Department, Illinois, US Army, Department of Defense, Kincaid Police Department, KSHB, International Association of, DOD, Board, Auburn Police Department, Pawnee, Auburn police, Office, Auburn, Sangamon County Sheriff’s, of Police Labor Council, George Floyd Justice, Minneapolis Police, Internal Affairs, Ferguson Police Department, Justice Department, George Mason University, Peace, Yale Law, “ Police Locations: Illinois, Sangamon County, Sangamon, Fort Riley, Kansas, Macoupin, Logan, Logan County, Missouri, Ferguson, St, Louis County, “, California , Massachusetts, Minnesota , Tennessee , New York , New Jersey, Texas

PARIS — Soufiane Rahimi, Ilias Akhomach, Achraf Hakimi and Mehdi Maouhoub all scored in Morocco's 4-0 thrashing of the United States on Friday, sending America packing in the quarterfinals of Olympic soccer. Duncan Mcguire reacts during the Men's Quarter Final match against Morocco during the 2024 Paris Olympic Games. Miles Robinson of USA and Achraf Hakimi of Morocco battle for the ball during the Men's Football Quarter-final match on Aug. 2, 2024 in Paris, France. Alex Gottschalk / DeFodi Images via Getty Images fileThe United States was left for dead after a 3-0 thrashing by the hosts French to start the tournament. Americans have never won a men's soccer medal in the modern era of Olympic soccer.

Persons: Rahimi, Ilias Akhomach, Achraf Hakimi, Mehdi Maouhoub, Nathan Harriel, Patrick Schulte, Duncan Mcguire, Marc Atkins, Maouhoub, Miles Robinson, Achraf, Alex Gottschalk, Louis Organizations: PARIS, Morocco's, Olympic, Parc des Princes, Atlas Lions, Morocco, Getty, USA, New Locations: United States, Parc des, Moroccan, Morocco, U.S, Paris, France, States, New Zealand, Guinea, St, Beijing

☆ Thousands were arrested at college protests. For students, the fallout was only beginning
▼ + stars: | 2024-08-02 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +10 min

Officers use pepper spray on demonstrators at George Washington University, on May 8, 2024. Sage Russell / AP fileTwenty-three of those arrested were students. Protesting George Washington University students celebrate as they break through a police barrier on April 29, 2024. Arrests put students’ degrees on holdFor some students, the impact on their academic careers has affected them more than any legal jeopardy. At Washington University, conduct hearings for arrested students began recently but have yet to result in disciplinary decisions.

Persons: Annie McGrew, “ It’s, ” McGrew, “, newsrooms, Valencia Alvarez, Sage Russell, Alvarez, ” Alvarez, Emmanuel Nneji, ”, Maddison Tirado, Tirado, Ezra Baptist, Cliff Owen, doesn’t, that’s, Owen Buxton, Emerson, Javier Reyes, ” Reyes, McGrew, Charles Sullivan, Sullivan, ” Sullivan, Reyes, Anthony Paik Organizations: University of Massachusetts, UMass, The Associated Press, Washington University, George Washington University, Student, Hamas, Columbia University, State University of New, New Paltz, . State, AP, ”, Emerson College, Boston Police Department Locations: Gaza, Louis, New York, Ulster County, State University of New York, New Paltz, “, Israel, Boston, Buxton, Amherst, Ohio

☆ Surging US unemployment has triggered a recession indicator with a perfect track record
▼ + stars: | 2024-08-02 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Read previewA closely watched recession indicator flashed on Friday after a weak July jobs report showed an unexpected surge in the unemployment rate. The Sahm Rule, created by former Federal Reserve official Claudia Sahm, triggers when the unemployment rate's three-month moving average moves 50 basis points above its 12-month low. That rule was triggered on Friday, with the moving average rising 53 basis points above that one-year trough, according to the real-time Sahm Rule Recession Indicator from the St. Louis Federal Reserve. The only misfire for the rule was in 1959, but even then, a recession started just five months after the Sahm Rule flashed. But Sahm herself wrote in a Substack post last week that "the rise in the unemployment rate is not as ominous as it would normally seem."

Persons: —, Claudia Sahm, Bill Adams, Sahm, hasn't Organizations: Service, Federal Reserve, Business, Louis Federal Reserve, Bank of America, Comerica Bank, Fed

☆ Forget Ozempic — an under-the-radar antiaging supplement is the next hot commodity in Hollywood
▼ + stars: | 2024-08-02 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +9 min

She was talking about NAD+ boosters — the antiaging elixirs that have joined the ranks of Ozempic and Botox as staples of elite wellness routines. Even the military is testing out NAD boosters, hoping they might someday rejuvenate soldiers on the battlefield. "NAD coenzymes are the central catalysts of all living things," Charles Brenner, a biochemist who studies NAD, told Business Insider. AdvertisementTo boost NAD, don't take NADThere is a plethora of various powders, pills, and IV drips all promising to boost NAD. How to boost your NAD without an IV dripChicken, fish, and edamame all help boost our NAD levels.

Persons: —, I'm, Hailey Bieber, Joe Rogan, Stephane Cardinale, Charles Brenner, Robert Fried, Brenner, Fried, Dr, Sabine Donnai, She's, Shin, ichiro Imai, Louis who's, nicotinamide, Jeffrey Coolidge, pricey, Donnai, We're, Kourtney Kardashian, Arturo Holmes, Shalender Bhasin, hasn't Organizations: Service, Ozempic, Business, Hollywood, US Food and Drug Administration, Images Nutrition, Washington University School of Medicine, NAM, Brigham, Women's Hospital Locations: London, St, Boston

☆ Child-focused parenting is exhausting. Some parents are finally ditching it.
▼ + stars: | 2024-08-02 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +9 min

This is known as child-focused parenting, a style devised in the 90s that has become the norm in the last decade. Gaskins isn't the only psychology professional against child-focused parenting. Ironically, child-focused parenting teaches kids that it's normal to forego your identity and boundaries. AdvertisementInstead of being prepared for adult life, "the child's world is completely separated from the adult world," Doucleff said. Woo, who teaches at UC Irvine, said she's witnessed the lasting effects of child-focused parenting.

Persons: —, Michaeleen Doucleff, Doucleff, Suzanne Gaskins, Gaskins, Brené Brown, Tim Ferriss, Gen Xers, Sharon Hays, Caitlyn Collins, Louis, Collins, bento, Dr, Jenny Woo, Woo, she's, It's Organizations: Service, Business, Northeastern Illinois University, Washington University, Disney, UC Irvine, Pew Locations: San Francisco, American, St, playdate, America

☆ Trump said having JD Vance as his VP will have 'virtually no impact' on the race. Political scientists say otherwise.
▼ + stars: | 2024-08-01 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +5 min

Read previewDuring a chaotic and sometimes combative interview at the National Association of Black Journalists conference on Wednesday, former President Donald Trump said vice presidents have "virtually no impact." "Historically, the vice president — in terms of the election — does not have any impact. The Influence of Vice Presidential Candidates in Presidential Elections." AdvertisementHe said that they act as "attack dogs" on behalf of the presidential candidate and work to drum up support for them. For those who do become vice president, history shows they can play a meaningful role in governing.

Persons: —, Donald Trump, Sen, JD Vance, Trump, Vance, Vance's, Karen Hult, Christopher J, Devine, Joel Goldstein, Andrew Gelman, Gelman, Richard Yon, Yon, Gore, Mondale, Carter, Cheney, Bush, Biden, Obama Organizations: Service, National Association of Black Journalists, Business, Virginia Tech, Saint Louis University, Columbia University, Shadows Locations: Trump, Clinton

☆ Louis Mhlanga: How rock icon Jimi Hendrix inspired one of Africa’s greatest guitarists
▼ + stars: | 2024-07-31 | by ( Lauren Lee | ) edition.cnn.com time to read: +5 min

For the 67-year-old award-winning Zimbabwean, music has been the sole focus of his life. “My brother brought it home, and I thought, wow, that guitar,” Mhlanga added. Still, it was through collaboration that he made his mark, working with Zimbabwean music icon Oliver Mtukudzi. Mhlanga released his first solo album in 2000 and has since released more than 10 solo albums, EPs, and collaborative projects. After more than half a century playing his guitar, Mhlanga still aims to transform the African jazz sound.

Persons: CNN —, Louis Mhlanga, “, I’ve, ”, Mhlanga, Ella Fitzgerald, Mahalia Jackson, Shaft, they’ve, ” Mhlanga, Jimi Hendrix, ” , Marvin Gaye, Louis Mlhlanga, Oliver Mtukudzi, Sipho Mabuse, Hugh Masekela, Miriam Makeba, Hope ”, George Duke, James Ingram, Al Jarreau, Andy Narell, Hans Timmermans Organizations: CNN, Isle of Wight Festival, Getty Locations: Isle of Wight, Vietnam, China, India, West Africa, South Africa

☆ These income plays could do better than money market funds when the Fed cuts rates
▼ + stars: | 2024-07-31 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

Cash has poured into money market funds since the Federal Reserve began its rate hiking cycle. Short-term debt has been a popular investment over the past few years, and money market funds are a top example. For perspective, there was roughly $4 trillion in total money market funds as of the fourth quarter of 2019, according to the St. Louis Fed . Money market funds hold very short-term debt, and many currently offer a yield above 5%. "Historically, you don't tend to see money market inflows stop or convert to outflows until you get below say 3% on those rates.

Persons: Cash, Louis Fed, Sam Huszczo, Huszczo, Todd Sohn, Ken Brodkowitz, weren't, Brodkowitz, Strategas, Sohn, " Sohn, Callie Cox, Cox Organizations: Federal Reserve, Investment Company Institute, SGH Wealth Management, Federal, Bond, SEC, Gries Financial Partners, Fidelity, Income, Morningstar, US Treasury, Ritholtz Wealth Management, Ritholtz Locations: Detroit , Michigan, BlackRock

☆ Léon Marchand is the superstar and French sports hero these Olympics needed
▼ + stars: | 2024-07-31 | by ( Brendan Quinn | ) www.nytimes.com time to read: +10 min

NANTERRE, France — Léon Marchand has said he likes the silence underwater. That, six days into the 2024 Paris Olympics, is Marchand. #ParisOlympics pic.twitter.com/DEAEFeIxG4 — NBC Olympics & Paralympics (@NBCOlympics) July 31, 2024“I think that was why I was able to win that race,” Marchand said later. And when Léon Marchand swims, you see something different, and the French feel something different. GO DEEPER Meet Léon Marchand, the 'French Michael Phelps' ready to rule his home Olympics(Top photo of Léon Marchand on the podium after his 200-meter breaststroke win: Quinn Rooney / Getty Images)

Persons: France — Léon Marchand, he’s, Hungary’s Kristóf Milák, Marchand, you’ve, LEON MARCHAND, 🇫🇷#P, mpics &, Ja, Marc, ise, eck, egan, Lazar e stati, ros, Stef, cann, haru, ike, Xavier, swam i, Ryan Lo, Sarah S, Xavier M, Fran, e. Isola, ries Organizations: easts Locations: NANTERRE, France, Down, PARIS, ASU,

☆ Opinion | Sonya Massey’s Killing Is Black America’s Sorrow
▼ + stars: | 2024-07-31 | by ( Charles M. Blow | ) www.nytimes.com time to read: +1 min

In the days before she was killed, Sonya Massey was having death premonitions. She kept telling her family that she was going to die, that someone was going to kill her. On July 6, a local sheriff’s deputy became the incarnation of her fears: He shot her in the face in her own kitchen. Massey, a 36-year-old Illinois woman, had called 911 because she thought there was an intruder in her house. Grayson shot her at close range as she ducked behind a counter saying she was sorry.

Persons: Sonya Massey, Massey, Sean Grayson, Grayson, “, Louis Organizations: Associated Press Locations: Illinois, Sangamon, St

☆ Here's what usually happens to stocks when the Fed cuts rates
▼ + stars: | 2024-07-31 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Any September decision to lower the Fed's target range would be the first time interest rates have fallen since the hiking cycle began in March 2022. However, stocks fell soon after the rate cut in 2001 and 2007 by 13.5% and 20.6%, respectively, due to the dotcom crash and the global financial crisis. The current tightening episode is the seventh in the past 40 years. Historically, the Fed has cut rates because the U.S. economy was heading into a recession or experiencing a notable growth slowdown. While nominal rates peaked at 11.5% at the end of the 1983-84 episode, the current target range of 5.25%-5.50% is the highest this millennium.

Persons: Kevin Kliesen, Louis Organizations: CNBC, CNBC Pro, Federal Reserve, Federal Reserve Bank of St Locations: U.S

☆ Rush hour isn't what it used to be: Working 10-to-4 is the new 9-to-5, traffic data shows
▼ + stars: | 2024-07-29 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

As more commuters settle into flexible working arrangements, the traditional American 9-to-5 has shifted to 10-to-4, according to the 2023 Global Traffic Scorecard released in June by INRIX Inc., a traffic-data analysis firm. Its analysis shows fewer early morning trips and a higher volume of midday trips compared to pre-pandemic traffic patterns. Ridership sank during the pandemic, Federal Reserve Bank of St. Louis data shows, and never fully recovered. The result is a surge in traffic congestion throughout the peak midday and evening hours, according to Pishue. "Pre-Covid, the morning rush hour would be a peak and then the evening peak would be much larger," he said, describing two apexes with a valley in between.

Persons: Kevin Carter, Bob Pishue, Louis, Gallup Organizations: Getty Images, INRIX Inc, Federal Reserve Bank of St Locations: San Diego, San Diego , California

☆ Sotheby’s expands Hong Kong footprint with cavernous new exhibition and retail space
▼ + stars: | 2024-07-29 | by ( Oscar Holland | ) edition.cnn.com time to read: +5 min

CNN —A fossilized mammoth skull, centuries-old ceramics and Banksy’s famous self-shredding painting are among hundreds of high-value collectibles on show at Sotheby’s ambitious new retail outpost in Hong Kong. With younger collectors seemingly in mind, items on the first floor range in price from 5,000 to 50 million Hong Kong dollars ($640 to $6.4 million). The venture is the latest signal that major auction houses still consider Hong Kong to be their long-term hub in Asia. In June, Hermès also unveiled its expanded retail space in the neighborhood. It has simultaneously sought to grow its footprint in Hong Kong — not only with its newly unveiled Maison, but also a nearby 36,000-square-foot regional headquarters, due to open later this year.

Persons: Maison, Hong Kong, Art Basel’s, Isaac Lawrence, Louis Vuitton, Hermès, Sotheby’s, Patrick Drahi, Hong Kong —, Christie’s, Zaha Hadid’s, Phillips, Bonhams, Nathan Drahi Organizations: CNN, Hong Kong, UBS, Art, Art Basel, Getty, PricewaterhouseCoopers, Louis, Sotheby’s Locations: Hong Kong, Central, Asia, China, Hong, Hong Kong's Central, AFP, London, Singapore, Shanghai, Sotheby’s, Sotheby’s Asia, Paris, New York

☆ Female comedians are flipping the script on what they wear to perform
▼ + stars: | 2024-07-29 | by ( Leah Dolan | ) edition.cnn.com time to read: +10 min

CNN —Close your eyes and imagine a stand-up comedian. Today, female comics are more likely to be seen in vintage Versace, Gucci or Alessandra Rich than a denim button-down. To the uninitiated, Barone wore a sparkly silver dress. Dev Bowman“For a long time, female comedians were pressured into dressing like their male counterparts,” said Barone. “I don’t want it to seem like I’m saying I’m the first person to ever wear a dress to do stand up comedy,” she said.

Persons: Versace, Gucci, Alessandra Rich, ” Ziwe, George Santos, Jean Paul Gautlier, Ayo Edibiri, —, Loewe, Thom Browne, Rachel Sennott, Maya Rudolph, Mary Beth Barone, Barone, Kate Moss, Naomi Campbell, Moss, “, Instagram, Barone nodded, ” Barone, Jimmy Fallon, Tom Ford, De, Dave Benett, Sidewalkkilla Barone, Todd Owyoung, Britney Spears, Mary, Kate, Ashley Olsen, Paris, Mary Beth Barone Cat Cohen, ”, ’ ”, Cohen, Kelsely Randall, Chloe, Halle Bailey, Kelsey, aren’t, Phyllis Diller, Jean Carroll, Joan Rivers, Rivers, Midge Maisel, Maisel, Catherine Cohen, Dev Bowman, ” Cohen, ” Margaret Cho —, Betsy Johnson, Todd Oldham, Gemma Kong, Andrew Dice Clay, Louis C.K, ” Cho, ” Margaret Cho, Jay Leno, Margaret Norton, Cho, Ron Galella, Karen Kilgarriff, Janeane Garofalo, Kim Gordon’s, Janeane, Karen, Harry Styles, Forbes earnt Styles, Edebiri, It’s, ” Barone —, Dior Organizations: CNN, YouTube, Sydney, De Beers, NBC, Paris Hilton, Netflix, Globe, MTV, Hollywood Locations: New York, LA

Search resuls for: "LOUIS"

25 mentions found