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Inflation comes for your oysters
  + stars: | 2024-08-11 | by ( Erika Tulfo | ) edition.cnn.com   time to read: +4 min
Wholesale oyster prices soared to triple digit highs in 2022 and only began coming down late last year. The sheer lack of wild-caught oysters is the biggest supply issue underlying market fluctuations, and industry experts say the problem can be traced back more than 10 years. Branch estimates that up to 60% of the current oyster supply comes from farms — a near-complete turnaround from 20 years ago, when 70% of oysters were wild-caught. Qiu echoed Branch’s assessment, adding that the remaining wild oyster reefs are only a small fraction of their historic numbers. “Climate change is making growth really difficult to be consistent … there’s just a whole lot of things that can go wrong with farming oysters,” Qiu said.
Persons: that’s, , Julie Qiu, Wells Fargo, “ We’ve, David Branch, Qiu, ” Qiu, Gen Z, Organizations: New, New York CNN, US Federal Reserve, Food Institute, Branch Locations: New York, Wells Fargo, New York City, Wells, Gulf of Mexico, Louisiana,
While there was some demand for protection against the prospect of volatility reemerging, overall sentiment across Wall Street had gotten more bullish. Until Wall Street can be sure that the consumer will hold on (or not), conviction is easily shaken. After years of weird times and outsize gains, Wall Street is dancing on a knife's edge. After years of weird times and outsize gains, Wall Street is dancing on a knife's edge. What happened on Monday was a sudden realization that the new structure may assert itself before Wall Street imagined it would.
Persons: , Jerome Powell, we've, they'd, corporates, Dow, Mandy Xu, Cboe's, Wall, Torsten Slok, Slok, Shake, Kevin Gordon, Charles Schwab, they've Organizations: Dow Jones, Bank of Japan, Big Tech, Federal Reserve, Nasdaq, Wall, Apollo Global Management, Corporations, Companies Locations: Asia, Japan, Mexico
AdvertisementRegularly taking our food to go saved us moneyWe stopped for photos while walking around the Amalfi Coast. Packing fashionably but practically was keyComfortable shoes are helpful when walking around the Amalfi Coast. Alesandra DubinThe Amalfi Coast is like a fashion show in high season — a feast for the eyes of chic coastal Italian style. Still, I wish we hadn't overbooked and tried to do too muchWe tried to see a lot of the Amalfi Coast in just a few days. Alesandra DubinOur Airbnb in Sorrento was our hub from which we'd visit the Amalfi Coast and surrounding area on day trips.
Persons: , it's, I'd, Alesandra Dubin, overbooked Organizations: Service, , Business Locations: Southern Italy, Amalfi, Amalfi Coast, Sorrento, Capri
So I've got a not-so modest proposal: Time for Apple to jump in with both feet, and buy HBO — along with the rest of Warner Bros. I know, I know: "Apple should buy X, Y or Z" is a long-running piece of techworld fanfic. But now I think Apple should spend real money and buy WBD. And then, boom: Apple's services business — the part of the company Apple needs to keep growing while its hardware business slows — instantly grows by nearly 50%. AdvertisementIt's one thing for a tech company to buy a minor studio and 50% of the James Bond franchise.
Persons: , I've, that's, Maxes, Warner, James Bond, hoover, It's, Tim Cook, Steve Jobs, Xi Jinping, Donald Trump, WBD Organizations: Service, Apple, HBO, Warner Bros, Business, Warner Bros . Studios, CNN, Warner mergred, Microsoft, Activision, Big Tech, Comcast, Paramount, Warners Locations: writedowns
Around six years ago, married couple Christina, 37, and Noah, 35, took $10,000 out of the bank. After the massive withdrawal, the money continued to sit — in cash — in their closet for another three years. Noah, on the other hand, is comfortable with what they have and hesitant to spend any money beyond what they absolutely need to. "I think you have a dramatic miscalibration with what a lot of money means," Sethi told them. But sometimes you just need to take an honest look at the numbers," Sethi told her.
Persons: Christina, Noah, Ramit Sethi, Rich, Sethi, they're, Christina shouldn't
AdvertisementIntroducing the Instagram 'Mythical Reel Pull'A few other comments describe the man's post as a "Mythical Pull." AdvertisementThe comments on one Instagram post identify it as a "Mythical Reel Pull." 'Mythical Reel Pulls' aren't always positive for the postersI know that some of the people posting the Mythical Reel Pulls are not having a positive experience. For some reason, which I have yet to come up with a suitable explanation for, Instagram comments are far, far meaner than TikTok comments.) Moskowitz recently wrote about how the WTF-ness of Mythical Reel Pulls is a kind of zen koan.
Persons: Algorithm's, Instagram, Adam Mosseri, it's, Meta, couldn't, It's, blankly, P.E, Moskowitz Organizations: Service, Business Locations: Wyoming
The Move to Columbus program was sent to me by probably three family members and four friends. I was born and raised in Columbus, Georgia. Before I moved back, I lived in Nashville for seven years and spent two years in Tucker, Georgia, just outside of Atlanta. Bishop's home in Columbus, Georgia. AdvertisementA waterfront in Columbus, Georgia.
Persons: , Will Bishop, it's, we'd, would've, they're, SeanPavonePhoto, we've, we're, Will Bishop We've, grandpa who's, It's Organizations: Service, Business, Will, Navy Locations: Columbus , Georgia, Columbus, Nashville, Tucker , Georgia, Atlanta . Columbus, Atlanta, Atlanta Real
I have six children between the ages of 5 and 11, and I've told them I won't pay for college except in very limited circumstances. I'm actively encouraging my kids to consider other options and how much ROI they'll get from college. One of the most interesting responses I've gotten from my kids is asking how they can make money now. Not paying for college might force them to be more financially responsible, but only if they choose — or try — to pay for college themselves. I want them to learn to be financially responsible and viable by earning money, with or without college.
Persons: , Bobby Kittleberger, I've, I'm, they've, They're, it's, I'd, We've, We'll, Lauryn Haas Organizations: Service, Business, Colleges, YouTube Locations: Staunton , Virginia, Virginia, lhaas@businessinsider.com
This story is available exclusively to Business Insider subscribers. AdvertisementOver on Reddit, Target workers have posted some big numbers, often topping the 10 miles that caught the attention of Walmart's CFO. one user said on a subreddit for Target workers in July. Healthcare workers topped the list: It said some hospital staffers could reach 60,000 steps, or 30 miles, during a 12-hour shift. A Target spokesperson told Business Insider that while the company did estimate time and distance as part of assigning work, it did not individually track employees' movements throughout the day.
Persons: , John David Rainey, they've Organizations: Service, Business, Apple, US Postal Service, CNBC, Target, Walmart Locations: Reddit, Tennessee
Opinion | Tim Walz Is Vibing
  + stars: | 2024-08-09 | by ( Michelle Cottle | Ross Douthat | ) www.nytimes.com   time to read: +39 min
michelle goldbergI mean, I’m a huge Walz fan, and I was worried. ross douthatSo, yeah, I mean, I’m having made the case that this pick makes sense in vibes terms. michelle goldbergYeah, I don’t think that he necessarily overperforms among conservative voters strictly defined. You don’t think that there’s a part of the country that just finds joy like a really refreshing change? I’m going there.
Persons: ross douthat I’ve, Bon Iver, Taylor Swift, I’ve, michelle cottle Oh, ross douthat, michelle goldberg, michelle cottle, Vance, I’m Michelle Cottle, Ross Douthat, Ross, Michelle Goldberg, Michelle, Harris, Kamala — Kamala — michelle goldberg Kamala, nomenon, Kamala, Chappell Roan, I’m, Frenchman, we’ll, Kamala Harris, Tim Walz, Josh Shapiro, it’s, Donald, JD Vance, Donald Trump, Biden, Walz, Sarah Longwell, Shapiro, Trump, ross douthat Let’s, It’s, that’s, John Fetterman, we’ve, Michelle Cottle, relatability, Jared Golden, Joe Manchin, Mary Peltola, , Bernie, you’ve, who’s, Josh Shapiro doesn’t, don’t, you’re, Shapiro wasn’t, JB Pritzker, The New York Times ”, here’s Shapiro, Netanyahu, Donald Trump’s, John Kerry, — ross douthat, , we’re, Bone, michelle goldberg Ross, George Floyd’s, there’s, George Floyd, That’s, It’s Trump, michelle cottle Ross, Joe Biden, Hillary Clinton, ross, hadn’t, “ Trump, MAGA, michelle cottle It’s, he’s, she’s, Tucker Carlson, — michelle cottle, ross douthat —, doesn’t, chameleons, He’s, McKay Coppins, it’s Kamala, Sarah Palin’s, John McCain, Mike Pence, Dick Cheney, George W, , michelle cottle “ Sunny, ” ross douthat, Rashida Jones, — ross, ” michelle goldberg, michelle cottle Juicy, “ Severance, michelle cottle Nice Organizations: “ New York, Minnesota, Twitter, Republican, Trump, Democratic, America, Democratic Party, Dartmouth, Biden, The New York Times, Bone Spurs, Vance, Republicans, Air Force, Atlantic, Democrat Locations: Tay, , Pennsylvania, Brooklyn , New York, Wisconsin, San Francisco, relatability, America, Maine, Alaska, California, Israel, Palestine, Minnesota, Italy, Minneapolis, Afghanistan, Ukraine, Trump, United States, Michelle, Kyoto, Japan
PitchBook forecast in a May report that venture firms would raise less than $200 billion in 2024, a 48% drop from the industry's peak in 2021. "They may not see any carry dollars for a long time, maybe into full deployment to the next fund," the growth-stage principal said. AdvertisementBut this type of internal competition, including deal theft and sabotage, has always existed, the growth-stage principal added. 'A ton of people looking to get out everywhere'As the market continues to correct itself, more turnover is likely. "I know a ton of people looking to get out everywhere," the growth-stage principal said.
Persons: , Michael Moritz, Combinator, they're, Will Champagne, it's, Ellis, Rebecca Zisser, VCs, Junior VCs, there's, Champagne, I'm, inbounds, I've Organizations: Service, Business, TechCrunch, Venture, Bay Area, Big Law, Kirkland, Haize Labs, Area, Junior
The Summary Cases of Valley fever, a fungal infection, have been climbing in California in recent years. An outbreak of Valley fever among attendees and workers at an outdoor music festival in California’s Central Valley highlights the fungal infection’s mounting threat. As climate change creates more opportunities for it to proliferate, Valley fever cases have been climbing in California. He said he suspected Valley fever, since he had heard reports that some festivalgoers had gotten infected in past years, but he was initially diagnosed with pneumonia. “We live in a high endemic area for Valley fever, so anybody who’s visiting, who lives in these areas, is at risk,” she said.
Persons: , , Eric Mattson, San Luis Obispo, sweats, Mattson, coccidioides, Geetha Sivasubramanian, Sivasubramanian, Arturo Casadevall, Casadevall, you’ve Organizations: California Department of Public Health, NBC, San, UCSF, Centers for Disease Control, Johns Hopkins Bloomberg School of Public Health, Locations: California, Bakersfield, San Luis, Arizona, San Joaquin County, San Joaquin Valley, UCSF Fresno, Kansas, Oklahoma, Kern County
Walz has overseen a significant push for new housing, including reducing regulatory barriers to construction, and supported progressive efforts to support low-income tenants and homebuyers. In May 2023, he signed a $1 billion housing omnibus law, which included funding for programs ranging from downpayment assistance to workforce housing. A city leading the country on housing policyMinnesota's biggest city — Minneapolis — has long been a national leader on pro-housing policy. A lawsuit in 2022 paused the policy's implementation until the Minnesota state legislature passed a law — signed by Walz — in May allowing the plan to go forward. Over the last decade, Minneapolis has constructed a ton of new and dense housing, which has significantly improved affordability.
Persons: , Joe Biden, Kamala Harris, Harris, Tim Walz, Walz, Minnesotans, Ezra Klein, Janet Yellen, Yellen, Jenny Schuetz, Daryl Fairweather, Redfin's, Walz — Organizations: Service, Business, Minnesota Gov, New York Times, Democratic, Brookings Institute, Minneapolis —, Twin Locations: Minnesota, Minneapolis, Twin Cities
Investors highlighted their portfolio companies and startups they had no financial ties to. Leena Rao, who oversaw the list and leads BI's VCs and startups team, estimated about 80% of the startups included are focused on AI. AdvertisementiStock; BIAs differentiated as AI startups try to be, the market has undeniably become oversaturated. Big Tech reform is coming, but Washington won't be the one doing it. Congress can't or won't act, so people who want Big Tech companies to change their ways are trying to do it through the courts .
Persons: , Kamala Harris, Tim Walz, Here's, Kimberly White, Chelsea Jia Feng, Leena Rao, BI's, That's, It's, Arindam Sandilya, Paul Dietrick, Oppenheimer, John Stoltzfus, Jenny Chang, Rodriguez, Adam Mosher, Mosher, YouTube's, Jimmy Donaldson, Alyssa Powell, Elon, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, Boldstart Ventures, TechCrunch, Healthcare, Getty, JPMorgan, FX, UBS, BI Prosecutors, Big Tech Locations: Minnesota, we're, Washington, New York, London
The jobs report said the US economy added 114,000 jobs in July, far fewer than the 176,000 jobs that economists expected. The weakness of the jobs report tipped the worry scale and sent markets into meltdown mode. Outside the July jobs report, there were plenty of signs the labor market was cooling off. If that seems confusing, here's the only thing you really need to know: The July jobs report triggered the Sahm rule. Nobody should be losing a ton of sleep over the state of the labor market or over the economy overall.
Persons: it's, Guy Berger, doesn't, Skanda Amarnath, there's, what's, Claudia Sahm, we're, Amarnath, Alí Bustamante, Bustamante, would've, it'll, Jay Powell, Berger, Emily Stewart Organizations: Federal Reserve, Glass, Labor, Survey, New Century Advisors, Worker Power, Economic Security, Roosevelt Institute, Fed, Business
The dissolved calcium carbonate then reacts with the CO2 in the water to form bicarbonate salts, locking the CO2 away. Adkins says that with a full-scale reactor, he aims to capture and store about half of a ship’s CO2 emissions. BAR Technologies/Cargill French company Airseas has developed the Seawing, which it says could help ships cut their carbon emissions by an average of 20%. A British company called Seabound, for example, makes a device that captures between 25% and 95% of a ship’s CO2 emissions. “We think that ships are actually going to be able to compete with underground CO2 storage,” he said.
Persons: it’s, Jess Adkins, , Adkins, ” Adkins, Calcarea, Melissa Gutierrez, Pierre Forin, geochemist Will Berelson, Will Berelson, Airseas, Maxime Horlaville, Norsepower, Daniel Sigman Organizations: CNN — International, International Maritime Organization —, UN, California Institute of Technology, Caltech, University of Southern, USC, British Port Association, Cargill, BAR Technologies, de Bordeaux, Michelin, Norsepower, Anemoi, Technologies, Geophysical Sciences, Princeton University Locations: University of Southern California, Port of Los Angeles, Norway, Nantong, Vancouver, British
Keep reading to learn where to watch Olympic boxing, no matter where you are in the world. In the past decade, Cuba and Great Britain have pretty much dominated the Olympic boxing field. Below, we've outlined everything you need to know about how to watch the men's and women's boxing semi-finals and finals. Where to watch Olympic boxing in the USBoxing live streams through Peacock in the US. Check price at Peacock TVWhere to watch Olympic boxing in the UKYou can catch boxing and the rest of the Olympics through Eurosport in the UK.
Persons: you've, didn't, Stan Sport, ExpressVPN, Omari Jones, Asadkhuja, Lewis Richardson, Marco Verde, Janjaem, Imane, Yang Wenlu, Kellie Harrington, Peacock, Stan, They're Organizations: Business, London Games, Tokyo, Britain, Eurosport, NBC, Stan Sport Locations: Cuba, Great Britain, Peacock, USA, Australia, 9Now
Vice President Kamala Harris will set out this week on a swing-state campaign blitz, giving her a far heavier travel schedule than her opponent, former President Donald Trump. Harris’ travel this week will take her to seven states in less than a fourth of the time. Reached for comment, Trump campaign communications director Steven Cheung pointed to the overall difference in the number of Trump and Harris campaign trips. Harris' campaign swing is also consistent with how candidates typically pick up the pace as the election draws closer, said Aleigha Cavalier, a Democratic strategist at the strategy and marketing agency Precision Strategies. But she said Harris' travel pace compared to Trump's and Biden's is "a real advantage."
Persons: Kamala Harris, Donald Trump, Harris, Andy Beshear, Pete Buttigieg, Sen, Mark Kelly of, JB Pritzker, Josh Shapiro, Tim Walz, Walz, Shapiro, Kelly, Trump, Joe Biden, Biden, Biden’s, Amanda Renteria, Hillary Clinton’s, , you’re, ” Trump, Steven Cheung, Cheung, Kamala Harris can’t, Covid, Abhi Rahman, Rahman, Bill Galston, Bill Clinton's, Cavalier, Eric Jaye, Jaye, ” Renteria Organizations: Kentucky, Mark Kelly of Arizona ,, Mark Kelly of Arizona , Illinois Gov, Minnesota Gov, Biden, Trump, Democratic, Democratic National, Republicans, Brookings Institution, Political Locations: Mark Kelly of Arizona, Mark Kelly of Arizona , Illinois, Pennsylvania, Philadelphia, Wisconsin , Michigan, Georgia, Arizona, North Carolina, Nevada, Montana, Colorado, New York , New Jersey, Virginia, Wisconsin, Pennsylvania , Michigan
And I’d be doing it solo, an American female, in a vintage Land Cruiser that was anything but inconspicuous. Planning a 7,000-kilometer road tripRussian visa in hand, it was time to start route planning, make my final vehicle preparations, and pack. With a car my size, bearing Georgian plates, driven by an American who doesn’t speak any Russian, I was increasingly nervous. An American girl, traveling alone, saying she’s moving to Mongolia, driving a car with Georgian plates. I had a summer of overlanding and adventuring across Mongolia, and a new life in Ulaanbaatar, to get underway.
Persons: Breanna Wilson, Andrey Orekhov, Evan Gershkovich, Russia – Organizations: Mongolia CNN, Cruiser, US State Department, Google, Astana, Russia, Toyota Top Motors Locations: Ulaanbaatar, Mongolia, Tbilisi , Georgia, Azerbaijan, Kazakhstan, Russia, Ukraine, American, Russian, Tbilisi, Tbllisi, Georgia, Georgian, Kazbegi, Chechnya, Dagestan, Mariupol, Donetsk, Baku, Alat, Europe, Japan, Kuryk, Altai, Bayan, Ölgii, Astana, Semey, Soviet Union, Russia's, Siberia, , Tsagaannuur, Mongolia’s, @breannajwilson
For Love & Money is a weekly Business Insider column answering relationship and money questions. Write to For Love & Money using this Google form. With the right travel rewards credit card, you can earn points that can go towards your next big trip. If you pay off bills with a portion of your inheritance, use your travel card to do it and earn those sign-on bonuses. Then, once you've reached your destination, use your card for all your purchases and allow your travel now to pay for your travel later.
Persons: , Smart, Justin Rush, Rush, Mona Lisa, you've, it's, That's, doesn't Organizations: Service, TED, Facebook Locations: Tanzania, Fiji
Read previewThis as-told-to essay has been adapted from a conversation with Sophie Rae, a 27-year-old graphic designer and artist, who lives in both Boston and New York City. AdvertisementSophie Rae lives in Boston and New York City. Sophie RaeI was like, "OK, this could be a really good excuse to have that New York moment in my life, in my career." My boyfriend lives in Boston, and his whole family lives in the surrounding area. He was with me when I got the job offer, and he was the first one to say, "OK, you've got to say yes.
Persons: , Sophie Rae, I've, It's, They're, it's, you've, he's, You'll Organizations: Service, Business, Amtrak, Netflix Locations: Boston, New York City, New York, York, Massachusetts
The same Chinese brokers who were laundering fentanyl proceeds were now heavily involved in marijuana trafficking across the U.S. as well. Over the past decade, Chinese organized crime groups in the U.S. quietly became the dominant money launderers for Mexican cartels. Since 2023, federal prosecutors have charged at least 31 people linked to Chinese groups accused of laundering cartel drug money. In the ensuing months, the team began to understand for the first time how the Chinese became the Mexican cartels’ go-to money launderers. The Chinese money brokers then arrange for the cartels to receive the equivalent amount in pesos or cryptocurrency in Mexico.
Persons: Ray Donovan, Joaquin “ El Chapo ” Guzman, Guzman, Donovan, , Michael Mezner, , I’ve, El Chapo, ” Donovan, , Christopher Urben, “ They’ve, Dennis Wilder, ” Wilder, Urben, ” Urben, Bill Bodner, Vanda Felbab, Brown, , They’re, Xi Jinping Organizations: Attorney’s, Central, Central District of, U.S, Division, CIA, Ministry of State Security, U.S ., National Intelligence, National Security Council, Los, Singapore —, Brookings Institution, Operations Division, DEA, Citibank Locations: U.S, East, China, El, Sinaloa, Pasadena, Calif, Central District, Central District of California, Virginia, United States, CJNG, propping, Los Angeles, San Francisco and New York, Asia, Australia, Singapore, New York, Chicago, Miami, Mexico, Los Angeles County . U.S, Guangzhou, America
With his victory in the men’s floor exercise final, Yulo on Saturday became the first Filipino man ever to win an Olympic gold medal, the first Filipino to win any medal in gymnastics and the second Filipino to ever win a gold medal. Just before the 2023 World Championships, Yulo and his longtime coach Munehiro Kugiyama decided to part ways. That didn’t change when he took to the podium to receive the first gold medal ever put around a Filipino man’s neck. But this (pointing at his gold medal) is what really matters to me. I am happy that I won a gold medal and also a house.”
Persons: Paris CNN — Carlos Edriel Yulo, who’d, Yulo, , , I’m, Munehiro Kugiyama, he’s, – it’s, he’ll, “ I’m Organizations: Paris CNN, Bercy, Eiffel Locations: Manila, Paris
The video, released by the Baltimore Police Department this week to NBC affiliate WBAL of Baltimore, shows the officers' stunned reactions after the enormous structure was taken down. The officer arrives at 1:48 a.m. and asks an officer already at the scene: "Is that the Key Bridge collapsed?" "Yeah it's the whole bridge, a ship lost its steering and the whole bridge is down in the river," he responds. The original officer, struggling to take in the size of the disaster then says: "I mean, that's the Key Bridge ... "That's a long fall," one officer says of the missing construction workers.
Persons: Baltimore's Francis Scott Key, Dali, Francis Scott Key, Al Drago, Julio Cervantes Suarez, , Brian Wolfe, WBAL Organizations: Baltimore Police Department, NBC, Francis Scott Key Bridge, Bloomberg, Getty, NBC News, Maryland Transport Authority Locations: , Baltimore, Maryland
It was a sweltering day in Palm Springs, and a few intrepid tourists braved the unforgiving sun to snap selfies at the stilettoed feet of a colossal Marilyn Monroe, her white dress seeming to billow up in the hot dry wind. Some of them had heard she was not likely to be standing there much longer. “That’s why we came today — to take pictures,” said Lauri Hatcher, who used to live in Palm Springs and returns each year. “Because it makes me super sad.”The statue — a 26-foot tall, 17-ton Monroe in her famous subway grate pose from the 1955 movie “The Seven Year Itch” — had bitterly divided the desert city. Some objected that it blocked views of the Palm Springs Art Museum and confronted visitors leaving the museum with Monroe’s exposed underwear.
Persons: Marilyn Monroe, , Lauri Hatcher, ” — Organizations: Springs Art Museum Locations: Palm Springs
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