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☆ India's Modi expected to usher in new era of bilateral agreements in Singapore visit
▼ + stars: | 2024-09-04 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +4 min

Indian Prime Minister Narendra Modi during the launch of BJP membership campaign on Sept. 2, 2024 in New Delhi, India. Modi will also be meeting Singapore President Tharman Shanmugaratnam, Senior Minister and former Prime Minister Lee Hsien Loong, and Emeritus Senior Minister Goh Chok Tong during his two-day visit. Dean Kassim | Afp | Getty ImagesEarlier this week, the Indian prime minister made his inaugural trip to Brunei where he met Sultan Hassanal Bolkiah. Modi is India's first prime minister that has made a bilateral visit to the oil-rich country. The Indian prime minister had also visited Italy for the G7 summit, Russia, Ukraine and Poland in the last three months since his reelection.

Persons: Narendra Modi, Lawrence Wong, Modi, Tharman Shanmugaratnam, Lee Hsien Loong, Goh Chok Tong, Anit Mukherjee, Mukherjee, Dean Kassim, Sultan Hassanal Bolkiah, Omar Ali Saifuddien, Nirmala Sitharaman, Jaishankar, Wong, Vivian Balakrishnan, Balakrishnan Organizations: Indian, Hindustan Times, Getty, Singapore, Senior, King's College London, CNBC, Imports, Brunei International, Afp, High Commission of, Institute of South Asian Studies, Finance, Foreign Locations: New Delhi, India, Singapore, Asia, Bandar Seri Begawan, Brunei, High Commission of India, Italy, Russia, Ukraine, Poland, Lion City

☆ Justin and Hailey Bieber welcome first child together
▼ + stars: | 2024-08-24 | by ( Samantha Kubota | ) www.nbcnews.com time to read: +2 min

Justin and Hailey Bieber have welcomed their first child together. The “Stay” singer introduced his and the model’s baby with a sweet Instagram post on Aug. 23. “WELCOME HOME,” Justin Bieber captioned the photo, before sharing their baby’s name. A spokesperson for Hailey Bieber told NBC News at the time that the model was a little over six months pregnant. Before confirming that she was expecting her first child, Hailey Bieber faced several rumors that she was pregnant, dating back to at least 2022.

Persons: Justin, Hailey Bieber, ” Justin Bieber, “ JACK BLUES BIEBER, Hailey Beiber, Yves Saint Laurent, Usher, Kylie Jenner, she’s, “ I’m, ” Organizations: NBC News Locations: Hawaii, South Carolina

☆ Ella Emhoff: All the fashion America’s potential next First Daughter wore to the Democratic National Convention
▼ + stars: | 2024-08-23 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +4 min

That should come as no surprise to anyone who’s followed Emhoff since Harris took office. From left to right, Helena Hudlin, goddaughter of Kamala Harris and Meena Harris, Harris' niece stand alongside Emhoff to speak at the final day of the DNC. Ella Emhoff arrived on the first day of the DNC in official Harris-Walz merch. Chip Somodevilla/Getty ImagesFor her speech, she wore an off-the-shoulder asymmetric baby blue and white drop-waist gown with a hand-ruched tulle skirt. Ando wrote on Instagram that the dress took three days to make and that Emhoff herself crocheted the piece’s flower detail on the shoulder strap.

Persons: Michelle Obama’s, Kamala Harris’s, Jill, Ralph Lauren, Ella Emhoff, who’s, Harris, Emhoff, Helena Hudlin, Kamala Harris, Meena Harris, Bernadette Tuazon, ”, Proenza Schouler, Maisie Wilen, Joe Biden’s, “, Helmut Lang, Chappell Roan, Thom Browne, Doug Emhoff, Walz merch, Win McNamee, Momala ”, — “, Kamala, She’s, she’s, Harris’s, Chip Somodevilla, Gen, Mary Jane, Joe Ando, Ando Organizations: CNN, Democratic National Convention, DNC Locations: Chicago

☆ I'm a high school educator. I wish parents stayed active through school events.
▼ + stars: | 2024-08-22 | by ( Jess Decourcy Hinds | ) www.businessinsider.com time to read: +4 min

When I was a high school educator, I got a surprising phone call from a parent one morning. I was speechless — I'd never heard someone ask to volunteer at the high school level before. AdvertisementBut I don't see many parents in school hallways in middle and high school. Family involvement dwindles every year after 5th grade, and by high school, I only see parents discussing serious stuff like grades and college admissions. Some parents who usher at plays or poetry readings enjoy it so much, they say they want to go back to high school again.

Persons: — I'd, It's, I've, dwindles, Joni, it's, isn't Organizations: Service, Business

☆ Mike Lynch won a dramatic 12-year legal battle over his tech company. Weeks later, he and his top lawyer are dead.
▼ + stars: | 2024-08-22 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +11 min

Hailed as Britain's Bill Gates, Lynch sold Autonomy, his groundbreaking data-management company, to Hewlett-Packard for $11 billion. Shareholders and business commentators were puzzled about what HP, a hardware company, would do with Autonomy, a software company — and why the latter was worth $11 billion. A year after the acquisition, HP wrote down $8.8 billion of the purchase value and accused Lynch of lying about Autonomy's finances. Lynch said HP stifled Autonomy with mismanagement and bureaucracy that pushed out employees and stymied sales. "This verdict closes the book on a relentless 13-year effort to pin HP's well-documented ineptitude on Dr. Lynch," Morvillo said in a joint statement with his attorney colleague Brian Heberlig.

Persons: —, Mike Lynch, Bill Gates, Lynch, Sushovan Hussain, Stephen Chamberlain, Chamberlain, Chris Morvillo, Léo Apotheker, Apotheker, Meg Whitman, James B, Stewart, Time Warner, Bryn Colton, Hussain, hadn't, Henry Nicholls, David Cameron, Cameron, Lynch —, Whitman, Apotheker's, Robert Hildyard, Hildyard hadn't, wasn't, that'd, Guglielmo Mangiapane Morvillo, Morvillo, Brian Heberlig, Angela Bacares, Hannah, Charles Morvillo Organizations: Service, Autonomy, Hewlett, Packard, HP, Business, Cambridge University, Cambridge, Oracle, Adobe, Cisco, Shareholders, New York Times, Time, FBI, Deloitte, Telegraph, The New York Times, KPMG, US Justice Department, Justice Department, High Court, REUTERS, BBC, British Museum, Politico, The Times, Times, Bacares Locations: San Francisco, London, California, Kenya, Sicily

CNN —Not even three months into her time as head coach of the US women’s soccer team, Emma Hayes is already going for an Olympic gold medal. Only Brazil and the legendary Marta stand between the US and a record-extending fifth Olympic title, which would be the team’s first gold medal since 2012. ET at the Parc des Princes, but a Marta-inspired Brazil is a challenging prospect for any team. “It will be a chaotic game, I’m sure … I expect it to be quite a battle, quite feisty. For the most storied team in women’s soccer, it would happily usher in the end of a long tournament and the start of a new era.

Persons: Emma Hayes, Marta, Hayes ’, “ It’s, ” Hayes, Amanda Davies, Sophia Smith, Trinity Rodman, Agustin Marcarian, “ I’m, ”, Hayes, ” Rodman, “, “ I’ve, I’m, Nir Elias, Chelsea’s, “ You’ve, Alex Livesey, Emma, ” Smith, It’s Organizations: CNN, Zambia, Japan, US, Parc des Princes, France, Spain, Paris, Sweden, Germany, Reuters, Australia, Getty Locations: Brazil, Paris, Germany, Australia, Japan, Parc des, France, women’s

☆ X, Owned by Elon Musk, Brings Antitrust Suit Accusing Advertisers of a Boycott
▼ + stars: | 2024-08-06 | by ( Kate Conger | ) www.nytimes.com time to read: +1 min

X filed a lawsuit on Tuesday against the Global Alliance for Responsible Media, a coalition of major advertisers, claiming that it had violated antitrust laws by coordinating with brands to dissuade them from spending money on the social media platform. “The illegal behavior of these organizations and their executives cost X billions of dollars,” wrote Linda Yaccarino, X’s chief executive, in an open letter to advertisers. “People are hurt when the marketplace of ideas is undermined and some viewpoints are not funded over others as part of an illegal boycott.”With the lawsuit, X effectively declared war on advertisers, which provide the bulk of the social media company’s revenue. Since Mr. Musk acquired the company and promised to usher in a new era of unfettered free speech, many advertisers have limited their spending on X, concerned by reports of rising hate speech and misinformation there. By pursuing legal action against GARM, Mr. Musk continued to break with the leaders of other social media companies, who have forged close relationships with advertisers and been responsive to their concerns about offensive online content.

Persons: X, “, Elon, ”, Linda Yaccarino, Musk Organizations: Global Alliance, Responsible Media, CVS, Unilever, Mars, “, ”, GARM Locations: Texas, Danish, Elon Musk’s

☆ Dolce & Gabbana launch new perfume – for dogs
▼ + stars: | 2024-08-05 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +2 min

CNN —Not content with dressing the top dogs of the music scene, from Beyoncé and Usher to Christina Aguilera, Dolce & Gabbana now has its sights on making actual dogs that bit more stylish. Inspiration for the product that the world didn’t know it needed came from the “unconditional love” that Domenico Dolce – one half of the famous designer duo – has for his “loyal dog Fefé,” according to the company’s website. A series of well-groomed dogs appear on camera in a promotional film on the D&G website. As classical music plays in the background, a narrator says: “I am delicate, charismatic, authentic, sensitive, enigmatic, rebel, fresh, irresistible, clean. British designer Anya Hindmarch features a dog poop-bag-holder charm on her website for £135 ($172).

Persons: Usher, Christina Aguilera, Dolce, Gabbana, Domenico Dolce –, –, Fefé, Ylang, perfumer Emilie Coppermann, Fefé ”, “, I’m, ”, Anya Hindmarch Organizations: CNN, Gabbana Locations: Beyoncé, British

☆ A Kamala Harris presidency could be a game changer for women in business
▼ + stars: | 2024-08-03 | by ( Katie Balevic | ) www.businessinsider.com time to read: +1 min

If elected, Kamala Harris would be the first female president of the United States. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIf Vice President Kamala Harris ascends to the Oval Office, it could have a rippling impact on women in business everywhere.

Persons: Kamala Harris, —, Harris, Donald Trump's, Hillary Clinton Organizations: Service, Trump, Business Locations: United States

☆ 3 reasons to worry about July’s weak jobs report — and 1 reason not to panic
▼ + stars: | 2024-08-03 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

The Federal Reserve now has egg on its face after it kept interest rates near a quarter-century high earlier this week. By now, there’s ample evidence that the job market, a key driver of the US economy, has lost steam. Here are three reasons to be worried about July’s shockingly weak jobs report — and one silver lining. Consumer demand itself also hasn’t weakened just yet, despite the highest interest rates in more than two decades. Generally, the Fed makes its decision congruent with what’s going on with inflation or the job market.

Persons: , July’s, ’, ”, Claudia Sahm, Sahm, Elizabeth Crofoot, Alicia Wallace, Jerome Powell, ” Crofoot, ” Michael Gapen, Matt Egan, weren’t, ” Truist’s Keith Lerner, they’ll, hasn’t, ” Chris Rupkey, Alan Blinder, Paul Krugman Organizations: New, New York CNN, Federal Reserve, Fed, Bloomberg, Bank of America, Dow, Nasdaq, Wall, Investors, Labor, Citigroup, JPMorgan Locations: New York, decelerate, American

☆ Why CTOs have the biggest job on Wall Street right now. Tech leaders from Goldman and Citadel open up about how the job is evolving in the age of AI.
▼ + stars: | 2024-08-02 | by ( Bianca Chan | ) www.businessinsider.com time to read: +8 min

"The most powerful part of the AI story thus far is the chief technology officer, chief information officer," Griffin said at the Milken Global Institute. At the most profitable hedge fund of all time, that person is Umesh Subramanian, Citadel's chief technology officer. But in the age of generative AI, the role of the CTO has evolved into something that reaches far beyond the back office. Nearly two years after OpenAI introduced ChatGPT, finance firms are still trying to figure out the best ways to leverage generative AI for their own businesses and workers. Related stories"The level of investment right now in AI, trickling down the whole value chain, is no longer only a technology investment," Argenti said.

Persons: —, Ken Griffin, Griffin, They've, Subramanian, OpenAI, it's, Andrew Chin, AllianceBernstein, Goldman Sachs, Marco Argenti, Chin, Wells, Bridget Engle, Engle, Keri Smith, Argenti, Citadel's Subramanian, Wall, Accenture's Smith, AllianceBernstein's Chin, Goldman's Argenti Organizations: Service, Citadel, Milken Global Institute, Business, BNY Mellon, Goldman, Amazon Web Services, Management, Accenture, Tech, Wall Locations: Wall

☆ As Ryan Salame stares down years in prison for his role in FTX, he's spending his time doing what he loves: posting
▼ + stars: | 2024-08-02 | by ( Haven Orecchio-Egresitz | ) www.businessinsider.com time to read: +12 min

Read previewIn May, Ryan Salame was sentenced to 7½ years in prison for his role in Sam Bankman-Fried's multi-billion-dollar cryptocurrency fraud. In May, US District Judge Lewis Kaplan — who also oversaw Bankman-Fried's trial — sentenced Salame to 7.5 years in prison, higher than what prosecutors recommended. AdvertisementSalame says without evidence that a key witness in Bankman-Fried's trial liedSalame pleaded guilty to charges against him in September, shortly before the start of Bankman-Fried's criminal trial in Manhattan. At the trial, Singh said he initially cared about the political donations, but later just did whatever Salame told him to. In social media posts, Salame said Singh wasn't being truthful about his role in the use of FTX customer funds.

Persons: —, Ryan Salame, Sam Bankman, Salame, Fried, SBF, Trump, Donald Trump, RyAN, Lewis Kaplan —, Kaplan, ANGELA WEISS, weren't, German Shepherd, Caroline Ellison, Gary Wang, Nashad Singh —, Wang, Singh, Ellison hasn't, Salame didn't, didn't, Nishad Singh, FTX, Ellison, Singh wasn't, Nishad, I've, Guy, hasn't, he's, Joe Biden, Bitcoin, Gary Gensler, Biden, Kamala Harris Organizations: Service, Business, Alameda Research, US Bureau of Prisons, US, Mega, FTX, Circle Trade, CPA, HK, Republican Party, Twitter, Alamada Research, Prosecutors, Getty, FTX's, Office, Southern, of, Bankman, Republican, Alameda, SEC, Trump Card Locations: Bankman, FTX, Alameda, Bahamas, America, Nashville, Manhattan, Washington ,, United States, German, of New York, York

☆ Warner Bros. Discovery is counting on deregulation to unlock media deals — if there's even appetite
▼ + stars: | 2024-07-26 | by ( Alex Sherman | ) www.cnbc.com time to read: +10 min

If you ask Zaslav, though, the reason Roberts and other potential buyers of media assets aren't interested is because the government has scared them away. Or, perhaps, legacy media companies are simply undesirable assets to own. He extended the life of his previous company, Discovery Communications — and probably his own tenure running a media company — by merging it with AT&T's WarnerMedia in 2022. Without a deal, Discovery would have wallowed as a subscale content provider and owner of declining cable networks. Discovery with another legacy media company, such as Paramount Global , Fox or Disney , or NBCUniversal, if it were spun off from Comcast.

Persons: David Zaslav, David Grogan, Brian Roberts, " Roberts, Comcast's, Roberts, Zaslav, Shari Redstone, Rob Kindler, Paul, Weiss, they've, Kindler, haven't, Morgan Stanley's, Donald Trump's, There's, Joe Biden's, Simon, Simon & Schuster, JD Vance, Lina Khan's, Lina Khan, Biden, Vance, Kamala Harris Organizations: Allen & Company Sun Valley Conference, CNBC Comcast, Warner Bros, Discovery, Allen & Co, Sun, Paramount, Skydance Media, CNBC Redstone, Starz, AMC Networks, Vice Media, Discovery Communications, NBA, Apple, Paramount Global, Fox, Disney, Comcast, CNBC, Google, Scripps Networks Interactive, Time Warner, Scripps, Viacom, CBS, Sky, AMC, IFC, Sundance, Lionsgate, Media, Republican, Democratic, Donald Trump's Department of Justice, Simon &, Random, MGM, Federal Trade, & $ Locations: Sun Valley , Idaho, RemedyFest

☆ Usher was 'never frivolous with spending' as a teen star. Now he helps teach young people financial literacy
▼ + stars: | 2024-07-24 | by ( Renée Onque | ) www.cnbc.com time to read: +1 min

In 1994, at just 15 years old, Usher Raymond IV, more commonly known as Usher, rose to fame after releasing his first album. Earning more money than most teens, Raymond could have easily splurged on expensive things like clothes and jewelry, but he says he chose a different path. "Surprisingly, I was never frivolous with my spending," Raymond tells CNBC Make It. "It wasn't until my latter years that I decided to buy cars and jewelry and things that would obviously depreciate." His hope is that his children will follow in his footsteps and do the same.

Persons: Usher Raymond IV, Usher, Raymond, he's Organizations: CNBC

☆ I spent $135 to have dinner in a cave in Bali. The food was delicious, but there are better ways to experience the island.
▼ + stars: | 2024-07-23 | by ( Amanda Goh | ) www.businessinsider.com time to read: +10 min

Clift told me when we met earlier this year in Singapore. Advertisement"The Cave is arguably the most distinctive fine dining experience in Bali," Widyasari said. Amanda Goh/Business InsiderThe restaurant has 22 seats, so I made a dinner reservation a few weeks before my trip. Amanda Goh/Business InsiderGetting ready for dinnerOn the night of my visit, it was a full house. Amanda Goh/Business InsiderThe first course was a bite-sized crispy pancake topped with bechamel, truffle, and egg-yolk gel.

Persons: —, Ryan Clift, Caroline Usher, Clift, Amanda Goh, It's, it's, Gita Widyasari, Widyasari, amberjack tartare, Mille, Feuille, Turbot, Manjari, Tay Chan Yong, Tay Organizations: Service, Tippling Club, Business, Jacada, Michelin Locations: Singapore, Bali, Asia Pacific, TikTok, Uluwatu, Italian, Australian

☆ Inflation, jobs and labor: The economy a new Democratic nominee will face
▼ + stars: | 2024-07-22 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +6 min

The US economy added 206,000 jobs in June, the Bureau of Labor Statistics reported July 5, a small dip from May’s tally of 215,000 jobs. Inflation rates are nowhere near the pandemic-era peak reached in June 2022, when US inflation hit 9.1%, its highest annual rate in more than 40 years. As of last month, annual inflation was 3%, down from 3.3% in May, according to the Consumer Price Index. But the legislation comes as some manufacturing jobs have also been cut due to outsourcing. Manufacturing jobs across the country have plateaued at 13 million employees after recovering from a sharp pandemic-related downswing in 2020, according to data from the Bureau of Labor Statistics.

Persons: Joe Biden, ”, Biden, Jobs, aren’t Organizations: New, New York CNN, Democratic, of Labor Statistics, Federal Reserve, Fed, Consumer, Index, “ Companies, White House, Bureau of Labor Statistics Locations: New York, America, United States, China, Arizona , Colorado , New Mexico , Oregon, Texas

☆ Election Live Updates: Republicans Leave Convention Unified Around Trump
▼ + stars: | 2024-07-19 | by ( Jim Rutenberg | Adam Nagourney | ) www.nytimes.com time to read: +74 min

And there was great, great sorrow. They’re going to be OK. They’re going to be doing very well. Now he’s going to get on the plane in a little while and he’s going to go back home to his wife. Great, great student at Yale. So many — just so many heroes, so many great, great people.

Persons: Dana, Bob, ”, Lee, you’ll, it’s, didn’t, Nobody, “, I’m, Corey Comperatore, David Dutch, James Copenhaver, We’re, Corey, Helen ., David, James, Dan Newlin, Dan, Trump, —, Aileen Cannon, I’ve, Don, Kimberly, Ivanka, Jared, Eric, Lara, Tiffany, Michael, Barron, he’s, “ Dana won’t, That’s Lee Greenwood, … Eric, Crazy Nancy Pelosi, They’ve, Jason, Jason Aldean, Vance, Usha, He’s, He’ll, MAGA, ” MAGA, I’ll, you’re, nobody’s, We’ve, Somebody’s, they’re, It’s, can’t, We’ll, don’t, “ I’m, we’ll, Biden, They’re, that’s, you’ve, I’d, gee, You’d, That’s what’s, Donald Trump, That’s, There’s, Tom Homan, Brandon Judd, They’ll, Obama, They’d, “ You’ve, we’re, we’ve, Hannibal Lecter, Dwight D, Eisenhower, Jocelyn Nungaray, Rachel Morin, Rachel, Laken Riley, horrifically, Viktor Orban, what’s, Bush, it’ll, Kim Jung Un, Sam Brown, Sam, You’ve, Abdul, Don’t, You’re, Ronald Reagan, America’s, Franklin Graham, Franklin, Billy Graham, he’d, soldiered Organizations: of Pennsylvania, Secret Service, Service, Democrat, Republican Party, Republican, Democrats, America, Yale, ISIS, Space Force, Energy, Apple, Trump, Republican Senate, White, Republicans, United Auto Workers, Social Security, Border Patrol, ICE, ”, Lambs, University of Georgia, “, U.S, Senate, Washington, D.C, Yankee, Win Locations: America, United States, Butler Township, of, Pennsylvania, Florida, Ohio, Milwaukee, Wisconsin, Asia, Europe, Taiwan, Korea, Philippines, China, Russia, Ukraine, Israel, Iran, Germany, Mexico, Nevada, United States of America, There’s, South America, Africa, Middle East, Venezuela, Caracas, El Salvador, Houston, Los Angeles, Maryland, Hungary, “ Russia, Georgia, Crimea, Syria, Iraq, North Korea, Afghanistan, Bagram, Cuba, Miami, U.S.A, Wisconsin , Wisconsin, Washington, Japan, Delaware, Valley Forge, Yorktown, Gettysburg, Midway

☆ Can Boeing get back to its glory days?
▼ + stars: | 2024-07-18 | by ( Leslie Josephs | ) www.cnbc.com time to read: +17 min

Then on Jan. 5, about six minutes and 16,000 feet into a packed flight out of Portland, Oregon, a door plug blew out of a nearly new Boeing 737 Max 9. The Federal Aviation Administration barred Boeing from increasing output of its Max planes and stepped up hands-on inspections at production plants. The 737 was dubbed "Baby Boeing" and went on to become the company's bestseller, helping to make Boeing the largest U.S. exporter. Pilots in those Boeing planes fought against a flight-control system, the Maneuvering Characteristics Augmentation System, that pushed the nose of the planes downward repeatedly. Boeing has said it aims to increase rates to about 50 Max planes a month in the next few years.

Persons: Joshua Roberts, Max, AeroSystems, Sen, Richard Blumenthal, Conn, Dave Calhoun, Boeing hasn't, Brian West, Aengus Kelly, Bob Jordan, I'm, Antonoaldo Neves, Calhoun, Steve Mollenkopf, Pat Shanahan, Donald Trump, Barack Obama, AerCap's Kelly, Mulugeta Ayene, we've, NASA —, Scott Kirby, McDonnell Douglas, Rob Spingarn, Kirby, Spirit Aerosystems, William Campbell, it's, It's, Howard McKenzie, Kevin Lamarque, Goldman Sachs, Noah Poponak, Alex Krutz Organizations: American Airlines Boeing, Reagan National, FAA, Reuters Boeing, Wall, Boeing, Justice Department, Alaska Airlines, National Transportation Safety Board, NTSB, Via Reuters Industry, Farnborough, Federal Aviation Administration, Airbus, JPMorgan, Etihad Airways, General Electric, Blackstone, Qualcomm, Lion, Ethiopian Airlines, Pilots, Justice, Reuters, NASA, Lion Air, CNBC, Research, Max, Spirit, Corbis, Jefferies, DOJ, Senate Homeland Security, Governmental Affairs, Capitol, Patriot Industrial Partners Locations: Los Angeles, United States, Washington , U.S, Portland , Oregon, Alaska, U.S, Maldives, Wall, United Kingdom, Boeing's, Emirates, Southwest, United, Indonesia, Addis Ababa, Bishoftu, Debre Zeit, Ethiopia, BOZEMAN , MT, Wichita , Kansas, Bozeman, Bozeman , Montana, Seattle, Chicago, Arlington , Virginia, Wichita, South Carolina, Washington

☆ Trump ready to be ‘peace broker’ on Ukraine, Orban tells skeptical European leaders
▼ + stars: | 2024-07-16 | by ( Niamh Kennedy | ) edition.cnn.com time to read: +4 min

CNN —Hungary’s Prime Minister Viktor Orban has told European leaders leaders that Donald Trump is “ready to act as a peace broker” between Russia and Ukraine if elected president, according to a letter seen by Reuters, amid concerns across the continent that Trump would attempt to force Kyiv into ceding territory to Moscow. Orban’s letter, addressed to European Council President Charles Michel and sent to all European Union leaders, was written in the wake of his controversial meetings with former President Trump, Russian President Vladimir Putin and Chinese President Xi Jinping. “I can […] surely state that shortly after his election victory, he will not wait until his inauguration, [Trump] will be ready to act as a peace broker immediately. But his visits with Putin, Xi and Trump have gone down poorly with EU lawmakers, who have accused Orban of vitally “misrepresenting” and “undermining” the EU’s stance on foreign policy. A letter signed by 63 European lawmakers, addressed to the three EU chiefs, said Orban had “caused significant damage” through his meetings.

Persons: CNN —, Viktor Orban, Donald Trump, Trump, Charles Michel, Vladimir Putin, Xi Jinping, “, ” Orban, Orban, pare, ” Trump, Joe Biden, Russia –, Orban –, ”, Putin, Volodymyr Zelensky, Trump’s, Xi, Ursula von der Leyen, Roberta Metsola Organizations: CNN, CNN — Hungary’s, Reuters, European, European Union, Ukraine “, EU, Ukrainian, ”, European Council Locations: Russia, Ukraine, Moscow, Russian, Hungarian, Beijing, Florida, Kyiv, Hungary

☆ A trainer-heiress power couple created the fitness juggernaut Pvolve. Then came a divorce, an arrest, and Jennifer Aniston.
▼ + stars: | 2024-07-16 | by ( Kate Taylor | ) www.businessinsider.com time to read: +43 min

Around the dinner table in the early 2000s, David Katzman would quiz his kids about their dream startups. ModelFit employees told BI that Gelband used the Pelvicore Pro only with the permission of its creator, the physical therapist Christina Christie. Once, in October 2018, David Katzman met with Facebook's ad team to discuss SDC's before-and-after advertisements, which violated the tech company's policies. SDC employees worked on Pvolve marketing campaigns, and Pvolve employees took trips on David Katzman's jet. "He didn't come from anything, and he spent years and years building up the business," the person close to Pasterino told BI.

Persons: Stephen Pasterino, Pasterino, he'd, hadn't, Rachel Katzman, who'd, Katzman, Pvolve, Jennifer Aniston, David Katzman, bankrolled, —, Laura Quintana, Stephen, Erik Connolly, Connolly, John Mayer, Nietzsche, Dan Gilbert, David, Gilbert, Usher, Jordan, decanting, Justin Gelband, ModelFit, Taylor Swift, Gelband, Vanessa Packer, Bryan Bedder, we'll, didn't, Woody Allen's, Vera Wang, Katzman's, I've, Cynthia Hannah, Blanca Padilla, Pasterino's, Justin Gelband's, Tracy Anderson's, cofounders, Packer, Christina Christie, Christie, Jordan Katzman, David Katzman's, Camelot, Julie Cartwright, Pvolve's, Cartwright, Hannah Bronfman, Nadine Leopold, Tim P, Pvolve didn't, Quintana, Rachel, SmileDirectClub, Jamie Dimon, Olivia Culpo, Craig Barritt, Bethenny Frankel, Madelaine Petsch, Lola tampons, They'd, Mara, ThreeForm, loaning, Hannah, Christie Brinkley, Monica Schipper, she'd, Rebecca Minkoff, Lindsay Pinchuk, Pamela, couldn't, Kathryn Delacruz, Madison Krause, Krause, Delacruz, " Krause, Pvolve's attorney's, Aniston's, Aniston, Jennifer, Jennifer Aniston's, Connelly, SDC's cofounders, — Pasterino, ThreeForm hasn't, Sarah VanZalen, there's, Erewhon, WWD, Tim Michaels, franchisors, Michaels, they've, Aperol Organizations: SoHo, Pvolve, Los Angeles ., Depot, DeeKay Enterprises, Quicken Loans, Cleveland Cavaliers, Camelot Venture Group, New, ModelFit, GQ, Getty, Hamptons, Beverly Hills Hotel, Cosmopolitan, BI, Gray Institute, SDC, Camelot, Lionsgate, Facebook, Whitby, Ventures, . Press, Miss, Employees, Naboisho Conservancy, Katzman's, Southampton, Pvolve Facebook, LinkedIn, Health, Forbes, Workers, Industry Locations: Pvolve, New York, Chicago, Los Angeles, Hammonton , New Jersey, Atlantic City, Jersey Shore, Franklin , Michigan, Michigan, Detroit, Las Vegas, Beverly, SoHo, Ibiza, France, Paris, Vogue, California, ModelFit, Covent, London, Riverdale, New Jersey, Pasterino, Italy, Kenya, Naboisho, Nashville, San Diego, New York City, shuttering, Ann Arbor , Michigan, ThreeForm, Angeles, Malibu

☆ AI stocks look promising long-term, but may be overvalued now, investing experts say
▼ + stars: | 2024-07-16 | by ( Ryan Ermey | ) www.cnbc.com time to read: +1 min

Just about everyone in the investing world, it seems, is bullish on artificial intelligence over the long term. In a recent note, researchers from the BlackRock Investment Institute said AI could usher in a transformation on par with the Industrial Revolution. Chipmaker Nvidia, seen as the leading player in the AI revolution, is up more than 175% over the past 12 months. All told, companies in the tech and communication services sectors — the ones investing most heavily in AI — make up about 44% of the S&P 500. "I don't think anyone would tell you that AI is not a generational investment theme," he says.

Persons: Goldman Sachs, —, Christopher R, Jackson Organizations: Tech, BlackRock Investment Institute, Nvidia, UBS Wealth Management Locations: BlackRock

☆ The shock from the Trump assassination attempt has turned to scrutiny of the Secret Service
▼ + stars: | 2024-07-15 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

The US is still coming to grips with the assassination attempt on former President Donald Trump. In today's big story, we examine the scrutiny the Secret Service is facing and what former special agents are saying about the tragedy . But that's not to say the Secret Service has avoided controversy over the last 40-plus years since the Reagan shooting. Secret Service agents converge on former President Donald Trump onstage at his Pennsylvania campaign rally. AdvertisementUltimately, another former Secret Service agent said the entire event represents a failure for Trump's security detail , BI's Matthew Loh and Cameron Manley report.

Persons: —, Donald Trump, Jenny Chang, Rodriguez, Joe Biden, Insider's Brent D, Griffiths, Katherine Tangalakis, Lauren Edmonds, Saturday, Ronald Reagan, that's, Reagan, Brent, Jabin, Thomas Matthew Crooks, BI's Rebecca Rommen, Crooks, BI's Laura Italiano, Kenneth Niemeyer, Matthew Loh, Cameron Manley, Trump, Corey Comperatore, Kirill Kudryavtsev, Yuriy Gorodnichenko, Goldman Sachs, Michael M, Tyler Le, Jensen Huang, Elon Musk, Sam Altman's, Altman, Rebecca Zisser, Mickey Mouse, Hannah Montana, David, Nvidia's Goliath, Dan DeFrancesco, Jordan Parker Erb, Lisa Ryan, Jack Sommers, Annie Smith, Amanda Yen Organizations: Service, Business, Secret Service, Washington, Getty, FBI, UC Berkeley, NDR, Nvidia, Elon, European, Swedish, Disney, YouTube, GOP, Convention Locations: Colombia, Pennsylvania, Trump, Russia, New York, London

☆ A Second Term for Trump Could Go 4 Different Ways - The New York Times
▼ + stars: | 2024-07-13 | by ( Ross Douthat | ) www.nytimes.com time to read: +1 min

Donald Trump will arrive at the 2024 Republican convention — his Republican convention, finally and completely, without the dissent of 2016 or the pandemic that overshadowed 2020 — closer than ever to a second term. But the likelihood of a Trump restoration has not yet brought clarity about what it would actually usher in. With Trump there is always the whipsaw, the forays toward normalcy and the reversion to a darker mean. Asked on the debate stage whether he would spend a second term seeking revenge on his political enemies, he promised that “my retribution is going to be success. Instead there are Trumpist scenarios and Trumpian personae — whose interactions, if he wins, will give his second term its shape.

Persons: Donald Trump, Trump, We’re, ”, Liz Cheney Organizations: Republican, Trump, Truth, Heritage Foundation, Republican Party, Social Security

☆ The big change that could come for the economy in September
▼ + stars: | 2024-07-12 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

Wall Street’s expectations for a September rate cut rose to roughly 93% on Thursday from 73% the day before, according to the CME FedWatch Tool. “A September rate cut should be a done deal at this point,” wrote Ron Temple, chief market strategist at Lazard, in a Thursday note. Some economists worry that if the Fed doesn’t cut rates by then, cracks could begin to deepen in the labor market. A September rate cut “may not be the magic elixir some investors are seeking,” wrote Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management, in a Monday note. On an annual basis, consumer prices are increasing at their slowest pace since June 2023, matching the lowest annual rate since early 2021.

Persons: ”, Ron Temple, Jerome Powell didn’t, Brent Schutte, Alicia Wallace, —, Elisabeth Buchwald, McDonald’s, Read Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Lazard, Northwestern Mutual Wealth Management, Bureau of Labor Statistics ’, Taco Bell Locations: New York, Burger

☆ Prices fell in June for the first time since the start of the pandemic
▼ + stars: | 2024-07-11 | by ( Alicia Wallace | ) edition.cnn.com time to read: +1 min

CNN —US consumer prices did something in June that they haven’t done since the early part of the pandemic: They fell. Economists were expecting a 0.1% monthly increase and an annual gain of 3.1%, according to FactSet consensus estimates. Excluding energy and food prices, a closely watched “core” index of underlying inflation also slowed more than expected. Dow futures rose 80 points. Nasdaq futures rose 0.3% as well.

Persons: — Organizations: CNN, Bureau of Labor Statistics ’, Federal Reserve, Dow, Nasdaq, Treasury

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