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☆ Investors just got an inflation wakeup call. Will they answer?
▼ + stars: | 2024-07-02 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

New York CNN —Inflation rates in Canada, the EU and Australia have popped higher in recent months. But that disconnect appears to be fading as inflation rates in the US continue to ease. The US also had a recent scare as inflation rates ticked higher. But after a year of the Fed holding interest rates steady at a 23-year high, inflation rates in the United States are once again declining. High inflation readings around the globe are concerning investors, José Torres, senior economist at Interactive Brokers, told CNN.

Persons: ”, Brent Schutte, Schutte, José Torres, Torres, payrolls, Chewy, Keith Gill, Krystal Hur, Gill, Ryan Cohen, Jordan Valinsky, CSSE Organizations: CNN Business, Bell, New York CNN, EU, Federal, Federal Reserve, Bank of Canada, Northwestern Mutual Wealth Management, Interactive Brokers, CNN, Investors, Bank for International, BIS, Securities, Exchange, GameStop, Soul Entertainment, BBC, Sony Pictures, Walmart, Walgreens, Apollo Global Management, Sony, Netflix Locations: New York, Canada, Australia, United States, Europe, Redbox

☆ 'The Umbrella Academy' showrunner accused by 12 staff members of 'toxic' behavior. He called the allegations 'false and outrageous.'
▼ + stars: | 2024-07-01 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +4 min

Read previewA showrunner on "The Umbrella Academy" has been accused by 12 staff members of "toxic" behavior, including bullying and sexism, while working on the cult Netflix show. "The Umbrella Academy," which was released on the streamer in 2019 and has run for three seasons, follows a group of superheroes who were around the world at the same time before being raised by a mysterious billionaire. AdvertisementRolling Stone spoke to 12 writers and support staff who worked on "The Umbrella Academy" who shared their concerns about showrunner Steve Blackman. Jesse McKeown, the co-showrunner of "The Umbrella Academy" season four, claimed that he butted heads with Blackman over another writer's pay. Representatives for Blackman and Netflix did not immediately respond to Business Insider's request for comment.

Persons: —, Gerard Way, Gabriel Ba, Steve Blackman, Blackman, wasn't, Jesse McKeown Organizations: Service, Netflix, Umbrella Academy, Business, Nielsen, Academy, Universal Content Productions, Writers Guild of America, Stone

☆ Turkish officials call for calm as social media hysteria fuels anti-Syrian riots in Turkey
▼ + stars: | 2024-07-01 | by ( Scott Mclean | Isil Sariyuce | ) edition.cnn.com time to read: +4 min

Istanbul CNN —Allegations of sexual abuse against a child by a Syrian man in Kayseri, Turkey, have sparked overnight riots that targeted Syrian businesses and cars in the city. Protesters in al-Bab, Aleppo, Syria, attack a Turkish truck during demonstrations against Turkey on July 1, 2024. Bakr Alkasem/AFP/Getty ImagesIn another town, Ghazawiah, also in northwest Syria, protesters were seen pulling the Turkish flag town from a military site. At the “Bab al-Salama” border crossing with Turkey, the Turkish flag was removed, burned and replaced with a Free Syrian Army flag, according to a local resident and images circulating on social media. Turkey hosts more Syrian refugees than any other country, but Turkey has often struggled to integrate Syrian refugees fully into society.

Persons: Ali Yerlikaya, Recep Tayyip Erdogan, ” Erdogan, ”, Bakr, Bab, Salama, Forces ”, Yerlikaya, “, Erdogan, Bashar al, Assad Organizations: Istanbul CNN, Anadolu, CNN, Getty, Free Syrian Army, “ National Coalition for Syrian Revolution, Forces Locations: Istanbul, Syrian, Kayseri, Turkey, Turkish, Anatolian, “, Syria, Atareb, Bab, Aleppo, AFP, Ghazawiah

☆ A luxury Viking cruise ship helped scientists encounter the rarely-seen giant phantom jellyfish
▼ + stars: | 2024-07-01 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +5 min

The submersible rides were part of a Viking Expedition trip. Hopping in one right from Viking's cruise ship makes things a little easier. AdvertisementSix passengers can ride in Viking Expedition submersibles and witness Antarctica from under the water. An expedition ship built for luxury and discoveryViking Expedition cruises to Antarctica typically have nine scientists aboard doing research and instructing passengers. Stanwell-Smit said this capability is cutting-edge for any research vessel, not a cruise ship.

Persons: —, Antony Gilbert, Damon Stanwell, Smith, Viking's, Octantis, Viking Expedition submersibles, Gavin Newman, Alastair Miller, Smit Organizations: Service, Viking Expedition, Business, Geographic, Viking, Polar Research, Polaris Locations: Viking, Antarctica

☆ Trump's NJ golf club liquor licenses are in Jr.'s name. Hiding behind his son isn't helping as the state moves to revoke.
▼ + stars: | 2024-06-28 | by ( Haven Orecchio-Egresitz | Laura Italiano | ) www.businessinsider.com time to read: +7 min

Read previewThe liquor licenses for Donald Trump's three New Jersey golf courses are in his eldest son's name, not his own, according to records obtained by Business Insider. But hiding behind Donald Trump, Jr. isn't enough to protect the elder Trump. Donald Trump, Jr.'s signature on the most recent liquor license for his father's golf course in Bedminster, NJ. New Jersey attorney general's office/BIThe last time Trump almost lost all three of his New Jersey licenses was in 2021. The law firm that handles Trump's New Jersey liquor licenses did not respond to phone calls and emails requesting comment.

Persons: —, Donald Trump's, Donald Trump , Jr, Trump, Pine Hill , New Jersey —, Matthew J, Platkin, Donald J, prospers Trump, Peter M, Rhodes, Cahill, Wilinski, Joyce, Donald Trump, general's, Cooper, Trump's, Gurbir S, Grewal, William Fay, Fay Organizations: Service, Business, Trump National Bedminster, Trump National Golf Club, Trump National Philadelphia —, Pine, general's, Alcoholic Beverage Control, Trump, ABC, Trump Revocable Trust, Trump's New, Trump Organization, White, Trump Org, Court, New, New Jersey Licensed Beverage Association, LLCs, BI, Colts, Trump's Locations: New Jersey, Pine Hill , New Jersey, Jersey, Bedminster, NJ, United States, , New Jersey, Trump's New Jersey, New York , Georgia, Washington, DC, Florida, York, New York, Haddonfield , New Jersey, Bedminster , NJ . New Jersey, Trump's

If gymnastics is your jam, we'll show you everything you need to know about where to watch the US Olympic Gymnastics Trials this week, including when you can expect to see Simone Biles compete. Whether you're just hoping to see Simone Biles or you want to watch the entirety of the US Olympic Gymnastics Trials, we've got you covered. Where to watch US Olympic Gymnastics Trials in the USThe US Olympic Gymnastics Trials take place from June 27 to June 30 across the NBCUniversal umbrella of viewing options. Peacock Premium (Monthly Plan) Peacock is a convenient streaming source for hit NBC TV shows, Universal movies, and select sports like Sunday Night Football. Check price at FuboHow to watch US Olympic Gymnastics Trials from anywhereIf you'll be traveling outside the US during any of the trials, you can still keep up with your subscriptions via VPN (virtual private network).

Persons: Simone Biles, Gabby Douglas, Sunisa Lee, Brody Malone, Frederick Richard, we've, Peacock, Fubo, ExpressVPN Organizations: Business, Paris Olympics, NBC, Olympics, USA, Sling Locations: Paris, USA, Peacock

☆ Japanese mother and child stabbed in China in front of school bus
▼ + stars: | 2024-06-25 | by ( Nectar Gan | Himari Semans | ) edition.cnn.com time to read: +5 min

Tokyo/Hong Kong CNN —A Japanese woman and her child were among three people stabbed by a man on Monday in front of a school bus at a bus stop in eastern China, according to Japanese authorities. In Suzhou, the attack took place Monday afternoon as the mother waited to pick up her child at a bus stop near a Japanese school, according to the Japanese official. The school bus is from the Suzhou Japanese School, located less than a mile from the bus stop in an area where many Japanese nationals live, NHK said. Opened in 2005, the Suzhou Japanese School offers six-year elementary school and three-year junior high school curriculums, according to its website. Its rules state that students must be picked up by a parent or guardian from the school bus.

Persons: Hong Kong CNN —, “, ”, Zhou, Mao Ning, rampages, –, Xi Jinping Organizations: Hong Kong CNN, Japanese Nationals Overseas Safety Division, Japan’s Foreign Ministry, CNN, Embassy, NHK, Suzhou Japanese, Japan’s Embassy, Foreign, Suzhou Japanese School Locations: Tokyo, Hong Kong, China, Suzhou, Jiangsu province, Shanghai, Jilin ., Jilin, Beijing, Japan

☆ Year After Failed Mutiny, Russia Tightens Grip on Wagner Units in Africa
▼ + stars: | 2024-06-25 | by ( Elian Peltier | ) www.nytimes.com time to read: +1 min

For years, Russia covertly propped up authoritarian leaders, exploited natural resources and fought extremists in a number of African countries. Russia worked through the Wagner group, a shadowy web of political advisers, entrepreneurs and mercenaries. Wagner was led by Yevgeny V. Prigozhin, a ruthless tycoon who was once a close ally of President Vladimir V. Putin of Russia. But after Mr. Prigozhin led a short-lived mutiny against Mr. Putin in June last year, Mr. Prigozhin was killed in a plane crash. The Russian Ministry of Defense has taken control of Wagner’s mercenary arm in Africa and placed it under a bigger umbrella group, Africa Corps.

Persons: Wagner, Yevgeny V, Vladimir V, Putin, Prigozhin Organizations: Mr, Russian Ministry of Defense, Africa Corps Locations: Russia, Western, Ukraine, Africa

☆ My internship at Bridgewater Associates felt like a 'Black Mirror' episode
▼ + stars: | 2024-06-23 | by ( Jane Zhang | ) www.businessinsider.com time to read: +11 min

The summer after my sophomore and junior years at Harvard University, I interned at Bridgewater Associates, the world's largest hedge fund. AdvertisementAnd while I definitely see parallels between my time at Bridgewater and that "Black Mirror" episode, I look back fondly on my time there. AdvertisementAuthenticity is a big thing at Bridgewater, so I went into the interview wanting to be completely myself. I worked on a lot of diversity initiatives, figuring out how to make Bridgewater more streamlined and accessible to employees. It helped shape who I am today, especially how I think about feedback, work, and the relationships I have at work.

Persons: Daria Rose, Ray, , I've, Ray Dalio, would've, She'd, Myers, —, we'd, I'd, It's, Dalio, it's, it'd, Ray Dalio isn't, We'd, Jane Zhang Organizations: Bridgewater Associates, Business, Harvard University, Bridgewater, Harvard, Briggs Locations: Ray Dalio's, Bridgewater, Westport , Connecticut, janezhang@businessinsider.com

☆ Stay safe while hiking in the heat by following this advice from experts
▼ + stars: | 2024-06-22 | by ( Melanie Radzicki Mcmanus | ) edition.cnn.com time to read: +6 min

Earlier in June, a young couple was rescued on a hiking trail in the California desert after running out of water and becoming dehydrated. Prepare for a hot hike ahead of timeWhether it’s hot or cool, you should be in reasonable shape before tackling any hike. You can do so by taking short, easy hikes in warm weather, progressing up to longer, more difficult hikes in hot weather. You should carry plenty of water when hiking no matter the season, but especially during hot weather. When in doubt, turn around“If you start your hike and think it’s too hot, it’s too hot,” Martinez said.

Persons: Dr, Floris Wardenaar, ” Wardenaar, ” Martinez, ”, Teresa Ana Martinez, Abe Christian, ” Christian, Martinez, you’re, ‘ I’ve, ’ ” Melanie Radzicki McManus Organizations: CNN, KTLA, Big, Arizona State University, Coalition, FG, Florida Trail Association, Skin Cancer, CNN’s Locations: California, Los Angeles, Texas, Gulch, Phoenix, Mexico, Canada, New Mexico, Florida, Fort Pickens, “

☆ Milan men’s fashion week: Sun, sea and short shorts
▼ + stars: | 2024-06-20 | by ( Scarlett Conlon | ) edition.cnn.com time to read: +8 min

Milan CNN —There are few things more synonymous with Italy in spring and summer than its beaches. Pines, agaves, the scents of salt and resin were inspiration for designer Massimo Giorgetti at MSGM as the label celebrated their 15th anniversary. “This collection speaks of encounters — ‘icontri’ — between the city and the beach and among people who love life,” said Napoli-born De Sarno. Actor Paul Mescal — a known fan of the short short — was sat front row at the Gucci Men's Spring-Summer 2025 show. A theme of reflective team spirit prevailed in sporty collegiate silhouettes featuring the Fendi crest comprising a squirrel, the Fendi stripe, and a Roman God.

Persons: Milan, Massimo Giorgetti, Justin Shin, Rimini —, Gabbana, Stefano Dolce, Domenico Gabbana, Vittorio Zunino Celotto, ”, Sabato de Sarno, —, Napoli, De Sarno, William Finnegan’s, Paul Mescal —, Victor Boyko, Pixelformula, Sabato De Sarno's, Gucci, Ik, Prada, creased, tromp, Miuccia Prada, “, Raf Simons, chimed Simons, tromp l’oeil, Ik Aldama, JW Anderson, Jonathan Anderson, Adrian Appiolaza, Lev Tanju, Karl Lagerfeld, Shutterstock, Daniele Venturelli, Silvia Fendi Organizations: Milan CNN, Dolce, Gucci, JW, Astra Marina Locations: Italy, Amalfi Coast, Milan, MSGM, agaves, Rimini, Ligurian Coast, Northern Ireland, Moschino, Northern Irish, Fendi, Italian

☆ Climate change: Fossil fuel use and emissions hit record highs as world struggles with deadly heat, storms and fires
▼ + stars: | 2024-06-20 | by ( Laura Paddison | ) edition.cnn.com time to read: +5 min

Last year was “another year of highs in our energy hungry world,” said Juliet Davenport, president of the Energy Institute. Overall, the proportion of fossil fuels in the 2023 global energy mix remained largely the same at 81.5%, down just 0.5% from the previous year. India’s fossil fuel consumption was up 8% last year and, for the first time ever, the country used more coal than Europe and North America, combined. Dhiraj Singh/Bloomberg/Getty ImagesIn China, fossil fuel use soared to a new record high in 2023, up by 6%, as the end of its extended Covid lockdowns led to a rebound in fossil fuels. Fossil fuel use in major advanced economies is likely to have peaked and is beginning to fall, it found.

Persons: ’, Sharma, Anthony Behar, SIPPL, ”, Juliet Davenport, Dhiraj Singh, lockdowns, Simon Varley, Dave Jones Organizations: CNN, Energy Institute, Getty, “, US, Bloomberg, Resources, KPMG Locations: Mecca, Saudi Arabia, India, New Delhi, Queens, New York City, NY, Europe, North America, Visakhapatnam, Andhra Pradesh, China, Paris

☆ Doing resistance training now helps older adults keep strength 4 years later, study shows
▼ + stars: | 2024-06-18 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +5 min

As people get older, their skeletal muscle function declines, according to the study published Tuesday in the journal BMJ Open Sport & Exercise Medicine. It was up to the individuals whether they continued their strength training regimen or went back to their normal exercise level,Resistance training with heavy loads yielded the greatest long-lasting benefit in leg strength, the study showed. Edwin Tan/E+/Getty ImagesWhat counts as resistance training? You can think of resistance training as “exercises that improve strength by making muscles work against a force,” said CNN fitness contributor Dana Santas, a mind-body coach for professional athletes. “For older adults, resistance training is crucial for maintaining muscle mass, bone density, and mobility,” she said.

Persons: ”, Mads Bloch, John Batsis, Edwin Tan, Batsis, ” Batsis, Dana Santas, Bloch, Ibenfeldt, Santas Organizations: CNN, CNN’s, Exercise, Institute of Sports Medicine, Bispebjerg Hospital, University of North, School of Medicine, Geriatric, Gillings School of Global Public Health Locations: Copenhagen, Denmark, University of North Carolina

☆ ALICEs, DINKs, HENRYs, and More: a Complete Guide
▼ + stars: | 2024-06-17 | by ( Erin Snodgrass | Jacob Zinkula | ) www.businessinsider.com time to read: +17 min

But the terms' recent popularity suggests people want to understand how they fit into the broader economy beyond standard measurements. But that, too, is uncertain: She said she was "dangerously close" to losing the aid because her income is too high. ALICEs tend to be older or younger workers, and while they're represented across racial groups, they're more likely to be Black or Hispanic. HIFI: High Income, Financially InsecureHIFI is the latest acronym to join the club. In a 2021 Medium post, Erica Dhawan defined "geriatric millennials" as millennials born in the early 1980s.

Persons: ALICE, HENRY, Kory, Anthony Klotz, Kantenga, DINK, They've, they've, Eric Anicich, Henry, Alice, haven't, Sarah, she's, — there's, they're, Carrie, Gen Zers, Brenton, Mirlanda, Neiman Marcus, Katie Notopoulos, Paige Connell, Connell, Chrissy Arsenault, Arsenault, Jimmy Simpson, who've, Rich, Christopher Stroup, Stroup, HIFIs, Erica Dhawan, Dwahan, Louis, —, Jewel Benjamin, Benjamin, micromanaging, Erin Snodgrass, Jacob Zinkula Organizations: FIRE, Business, LinkedIn, Texas, USC Marshall School of Business, : Asset, SNAP, Los Angeles Times, DINKs, Public School, Financial Independence, Sherwood News, Federal Reserve Bank of St, Federal Reserve, University of Michigan Health, Social, Social Security Locations: POLK, City, Dallas, Boston, Massachusetts, Colorado, Santa Monica , California, millennials, Georgia

☆ 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

☆ Harris to shine light on horrific sexual violence perpetrated during Hamas’ October attack
▼ + stars: | 2024-06-14 | by ( Priscilla Alvarez | ) edition.cnn.com time to read: +4 min

Washington CNN —Vice President Kamala Harris is expected to host a White House event focused in part on the Israel-Hamas war on Monday as part of an effort to highlight conflict-related sexual violence and amid fraught negotiations to reach a ceasefire agreement. Harris will deliver remarks on conflict-related sexual violence at the White House, followed by a panel discussion of survivors and experts from around the world, and a partial screening of documentary film, “Screams Before Silence,” on Hamas’ sexual violence on October 7, according to a White House official. “The Vice President spent her career as a prosecutor working to protect women and girls from violence, and as Vice President, she has continued this leadership globally. A United Nations report also found “clear and convincing” information that hostages in Gaza were sexually abused and there are “reasonable grounds” to believe the sexual violence is ongoing. Biden on Thursday called on the Hamas terror group to step up.

Persons: Kamala Harris, Harris, –, “, ”, Sheryl Sandberg, Sandberg, Sandberg Goldberg, Joe Biden, he’s, ” Biden, Biden Organizations: Washington CNN —, White, Association, Nova, United Nations Locations: Israel, Gaza, Selma , Alabama, ”, Italy

☆ Live Updates: Supreme Court Upholds Broad Access to Abortion Pill
▼ + stars: | 2024-06-13 | by ( Abbie Vansickle | ) www.nytimes.com time to read: +2 min

ETThe Supreme Court on Thursday upheld access to a widely available abortion pill, rejecting a bid from a group of anti-abortion organizations and doctors to unravel the Food and Drug Administration’s approval of the pill. In a unanimous decision, written by Justice Brett M. Kavanaugh, the court held that the plaintiffs lacked standing to challenge the F.D.A.’s actions. The case involved easier access: The challenge before the court centered on changes the F.D.A. The safety of the pill: The groups — citing five studies, including two that were later retracted — questioned the safety of mifepristone, which was approved by the F.D.A. Their claim contradicted a large scientific record on the safety of mifepristone and another abortion medication, misoprostol.

Persons: Brett M, Kavanaugh, ”, Roe, Wade, ’, Matthew J, Kacsmaryk, —, Adam Liptak Locations: Texas, Amarillo , Texas, Panhandle

☆ These are the best airlines right now, according to The Points Guy
▼ + stars: | 2024-06-12 | by ( Taylor Rains | ) www.businessinsider.com time to read: +6 min

Travel website The Points Guy published its annual list of the 10 best airlines in the US on Wednesday. Markus Mainka/Shutterstock2022 Rank: 6Best areas: Involuntary bumpsWorst areas: Route networkAdvertisement6. HUM Images/Universal Images Group via Getty Images2022 Rank: 5AdvertisementBest areas: Bags and change feesWorst areas: Lounges4. CHARLY TRIBALLEAU/AFP via Getty Images2022 Rank: 4Best areas: Route network, award availability (flights that can be booked with points or miles)AdvertisementWorst areas: Mishandled baggage and affordability3. Getty Images2022 Rank: 1AdvertisementBest areas: Timeliness and involuntary bumpsWorst areas: Affordability

Persons: —, Guy, Power, Allegiant, Here's, Elizabeth Page Brumley, Joe Cavaretta, Tom Williams, Markus Mainka, Robert Alexander, CHARLY TRIBALLEAU, Nicolas Economou, Mario Tama Organizations: Service, Business, Delta Air Lines, Alaska Airlines, United Airlines, Delta, Wall Street, TPG, Allegiant Air, Frontier Airlines, Spirit Airlines, Frontier, American Airlines, Southwest Airlines, JetBlue Airways, Hawaiian Airlines, Department of Transportation, Frontier Airlines Frontier Airlines, Las Vegas, Tribune, Getty, South Florida Sun Sentinel, Air Allegiant, US, JetBlue Airways JetBlue, Southwest Airlines Southwest, American Airlines American, United Airlines United, Delta Air Lines Delta Air Lines Locations: Delta, South, Hawaii, Pacific, Asia, US West Coast, AFP, Alaska

☆ I'm a single mom who rents my backyard to dog owners. I earned $3,000 in 11 months to help me pay bills.
▼ + stars: | 2024-06-09 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +6 min

I'm a single mom living in Antioch, Illinois — between Milwaukee and Chicago — with two teenagers and a hound. It's a good option for dog owners with reactive pets or those who are uncomfortable with traditional dog parks. I'm making a good amount of moneyPiehl's Illnois backyard where she rents out on Sniffspot. AdvertisementA guest's dog playing in Piehl's backyard. He was working with a dog trainer because his dog would bark and lunge at people while walking.

Persons: —, Emily Piehl, I've, — it's, it's, Sinffspot, They've Organizations: Service, Chicago, Business, UberEats Locations: Antioch , Illinois, Sniffspot, Milwaukee, —, Pennsylvania

A man shelters from the rain under an umbrella as he walks past the Euro currency sign in front of the former European Central Bank (ECB) building in Frankfurt am Main, western Germany. Euro zone government bond yields extended gains Thursday afternoon, shortly after the European Central Bank announced its first interest rate cut in five years. Germany's 10-year bond yield, seen as the euro area benchmark, was up 6 basis points to 2.557% at 3:12 p.m. London time. The country's 2-year bond yield was higher by 4 basis points to 3.025%. Italy's 10-year bond yield was up 7 basis points to 3.88%, while the yield of the Spanish bond of the same maturity added 6 basis points to 3.29%.

Organizations: European Central Bank, ECB, Bank Syz Locations: Frankfurt, Germany, London

☆ Zara owner Inditex reports slowing quarterly sales growth
▼ + stars: | 2024-06-05 | by ( ) www.cnbc.com time to read: +1 min

A shopper enters Spanish retail store Zara, a brand under the umbrella of multinational apparel conglomerate Inditex. Zara owner Inditex grew its sales by 7% in the first quarter of its fiscal year, it said on Wednesday, in line with analysts' expectations. The world's largest listed fashion retailer reported 8.15 billion euros ($8.87 billion) in sales during the three months to April. That compared to an average analyst forecast of 8.1 billion euros, according to an LSEG poll. Sales at constant currencies rose 12% from May 1 to June 3, Inditex said.

Persons: Inditex, Massimo Dutti Locations: Zara

☆ What is D-Day? How the Normandy landings led to Germany’s defeat in World War II
▼ + stars: | 2024-06-04 | by ( Catherine Nicholls | ) edition.cnn.com time to read: +8 min

CNN —June 6, 2024 marks 80 years since D-Day, the first day of the Normandy landings that laid the foundations for the Allied defeat of Nazi Germany in World War II. The Allied troops’ invasion was coordinated across air, land and sea, in what can be described as amphibious landings. On D-Day alone, around 4,440 Allied troops were confirmed dead, according to the Commonwealth War Graves Commission (CWGC), with more than 5,800 troops wounded or missing. Because Omaha Beach was the bloodiest landing beach, the US Army lost the most men in the amphibious landings. Within minutes of reaching Omaha Beach, 16 of these men were killed and four were wounded.

Persons: –, France –, ’, Adolf Hitler, “, ”, Bedford’s, Bedford, Hitler Organizations: CNN, Royal British Legion, Canadian, Cotentin Peninsular, Omaha Beach, Juno, Allied, Pas de, Allies, Commission, Omaha, US Army, Bedford, Foundation, US Department of Defense, Western Allies, US, German Nazi, Third Reich, Victory Locations: Normandy, Nazi Germany, United States, United Kingdom, Canada, France, Utah, Omaha, Australia, Belgium, Czech Republic, Greece, Netherlands, New Zealand, Norway, Rhodesia, Zimbabwe, Poland, Europe, Fortitude, Pas de Calais, Cotentin, British, Gold, Pas, Germany, Bedford , Virginia, Omaha Beach, Paris, Nazi, German, Reims

☆ EU elections: How Russian trolls are meddling in the world’s second-biggest democratic vote
▼ + stars: | 2024-06-04 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +11 min

There is a focus on fake stories to influence attitudes on subjects like the wars in Ukraine and Gaza. But for the past year, the climate crisis has been the second-most targeted subject, according to the European Digital Media Observatory (EDMO). Official statistics, however, tell a different story: In 2022, renewables accounted for 23% of the energy consumed in the EU. The EU is considered a global leader in tackling planet-heating pollution, but climate disinformation could undermine the bloc’s ambitious goal to reduce carbon emissions by 90% by 2040, compared with 1990 levels. Its community standards policy in the past had only targeted video, but in April, it was expanded to include audio.

Persons: Morgan Wright, “, streetlights, Paula Gori, ”, Gori, EU DisinfoLab, Wright, Gaizka Iroz, they’ve, “ They’ve, ” Gori, Pallavi Sethi, ’, —, Facebook —, ” Wright Organizations: CNN, European Union, EU, Guardian, Bild, European Digital Media, Facebook, Getty, West, Grantham Research, London School of Economics, stoke, Services, European, Meta Locations: European, Russia, United States, United Kingdom, American, Europe, Germany, Ukraine, Gaza, EU, Spain, France, Biriatou, AFP, Africa, Asia, industrializing, Gori, Italy, Croatia, Poland, England, Grantham, Prague, Russian, Slovakia, Moscow

☆ I dodged a 15% rent increase because of a new NYC housing protection law. Here's how to know if it could save you money.
▼ + stars: | 2024-06-01 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +9 min

They said my building was covered under the new Good Cause Eviction law, and my rent increase would instead be 8%. AdvertisementWhat is Good Cause Eviction? Good Cause also has what's called the reasonable rent increase measure: Buildings covered under Good Cause have limits on how much landlords can raise rent. I was under the impression that this building falls under the good cause eviction umbrella. Will Good Cause Eviction change or impact your life?

Persons: Weaver, —, Ellen Davidson, Davidson, Allia Mohamed, it's, Mohamed, that's Organizations: Service, Business, New, New York, Housing Justice, —, Legal Aid Society Locations: New York City, Central Park, New, New York, Bronx, Brooklyn

☆ 22 LGBTQ+ figures you should know
▼ + stars: | 2024-06-01 | by ( Frank Olito | Mykenna Maniece | ) www.businessinsider.com time to read: +1 min

Elliot Page is one of the most visible transgender actors in Hollywood. Craig Barritt/Stringer/Getty Images for TIMEElliot Page is known for starring in the Oscar-winning film "Juno" and Netflix's "The Umbrella Academy." In 2020, he came out as transgender and said he uses he/they pronouns. Since then, Page has gone through top surgery and he sat down with Oprah Winfrey for an interview in April 2021 to explain his journey. "It felt important and selfish for myself and my own wellbeing and my mental health," Page told Winfrey about coming out.

Persons: Elliot Page, Craig Barritt, Stringer, Page, Oprah Winfrey, Winfrey, I've Organizations: Umbrella Academy Locations: Hollywood

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