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☆ Russian forces are shooting at Ukrainian rescuers trying to reach people trapped in the floods, Zelenskyy says
▼ + stars: | 2023-06-08 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

Ukrainian rescuers are being "shot at" by Russia, Zelenskyy said, after a key dam was destroyed. "As soon as our helpers try to rescue them, they are shot at," Zelenskyy told Politico in an interview published on Wednesday. Ukrainian rescuers are working to help people on the Russian-occupied east bank of the Dnipro river, he said. When our forces try to get them out, they are shot at by occupiers from a distance," Zelenskyy said. A view shows flooded residential buildings after the Nova Kakhovka dam breach, in Kherson, Ukraine June 8, 2023.

Persons: Zelenskyy, —, Volodymyr Zelenskyy, Smilianets Zelenskyy, Nova Kakhovka, Vladimir Putin Organizations: Service, Politico, REUTERS, Tass, Guardian Locations: Russia, Ukraine, Dnipro, Kherson, Kherson region, Russian, Nova

☆ Ukraine accuses Russia of blowing up dam to put a massive natural obstacle in the way of its counteroffensive
▼ + stars: | 2023-06-06 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

A huge dam in Ukraine was breached on Tuesday, creating a natural disaster. Ukraine said Russia blew up the damn to try and hamper Ukraine's counteroffensive. An expert said the flood will make it harder to Ukraine to reach occupied territory over the Dnipro river. Podolyak's comment suggests he thinks Russia would struggle to keep Ukraine back without taking such action. Russia and Ukraine both warned earlier in the war that the other side may target the dam.

Persons: —, Mykhailo Podolyak, Volodymyr Zelenskyy, Podolyak, Andrii Yermak, Sergey Radchenko, Vladimir Leontiev, Nova Kakhovka, Zelenskyy, Mustafa Nayyem, Oleksandr Prokudin, Yermak Organizations: Service, Twitter, Russia, BBC, Johns Hopkins School, International, Politico, Kremlin, NATO, Ukraine's State Agency for Restoration, Infrastructure Development, International Atomic Energy Agency Locations: Ukraine, Russia, Dnipro, Nova, Crimea, Kherson, Europe

☆ The internet is losing it over Apple's $3,500 mixed-reality 'uncool' headset
▼ + stars: | 2023-06-06 | by ( Reena Koh | Nidhi Pandurangi | ) www.businessinsider.com time to read: +4 min

Apple's new mixed-reality headset, the Vision Pro, was unveiled on Monday. The internet has been having a field day dunking on Apple's new $3,499 mixed-reality headset, the Vision Pro. Vision Pro has been years in the making, reportedly with some setbacks and product-design compromises along the way. Yet, it may have one fatal flaw — the Vision Pro was just another pair of nerd goggles that would make most people look decidedly uncool, Insider's Alistair Barr wrote on Tuesday. "This sounds like the disappointed crowd from Wii sports," a tweet about the viral video said.

Persons: Insider's Nicholas Carlson, Insider's Alistair Barr, Apple's, barreling, gwyneth paltrow, Anne Hathaway, It's, Steve Jobs, — Robert Evans, Robert Evans Organizations: Vision, Morning, Worldwide, Twitter, Wii, Apple Locations: Cupertino

☆ The internet is losing its shit over Apple's $3,500 mixed-reality 'uncool' headset
▼ + stars: | 2023-06-06 | by ( Reena Koh | Nidhi Pandurangi | ) www.businessinsider.com time to read: +4 min

Apple's new mixed-reality headset, the Vision Pro, was unveiled on Monday. The internet has been having a field day dunking on Apple's new $3,499 mixed-reality headset, the Vision Pro. Vision Pro has been years in the making, reportedly with some setbacks and product design compromises along the way. Yet, it may have one fatal flaw — the Vision Pro is just another pair of nerd goggles that will make most people look decidedly uncool, Insider's Alistair Barr wrote on Tuesday. And ever since the announcement, people have been relentlessly mocking Apple's first major product launch in over eight years.

Persons: Insider's Nicholas Carlson, Insider's Alistair Barr, Apple's, AppleVisionPro, barreling, gwyneth paltrow, that's, Anne Hathaway, It's, Steve Jobs, — Robert Evans, Robert Evans Organizations: Vision, Morning, Worldwide, Twitter, Wii, VR, Apple Locations: Redfin, Cupertino

☆ Yes, you can have a red-hot jobs market and a recession
▼ + stars: | 2023-06-05 | by ( Jeff Cox | ) www.cnbc.com time to read: +6 min

The U.S. jobs market is still sizzling and the economy is heading for a recession: Both things can be true. May's nonfarm payrolls growth again stunned Wall Street, with the count climbing by 339,000, well ahead of Wall Street estimates that have consistently undershot the report since January 2022. However, there's an old adage on the Street that when it comes to recessions, the jobs market is always the last to know. Central bank policymakers specifically have targeted a slowdown in the labor market in their quest to bring down inflation. The weak services reading comes with an ISM manufacturing reading — most recently at 46.9 — in contraction for seven straight months.

Persons: Ian Shepherdson, Shepherdson, Kumar, Andrew Hunter, Hunter, DataTrek, Nicholas Colas Organizations: Federal, Pantheon, Fed, Sri, Kumar, Services, Capital Economics, Research, Atlanta Locations: payrolls

REUTERS/Jonathan ErnstWASHINGTON, June 1 (Reuters) - The U.S. Senate will stay in session until it passes a bill to lift the government's $31.4 trillion debt ceiling, Democratic Majority Leader Chuck Schumer said on Thursday. Schumer said on Wednesday that the Senate would not make any amendments on the bill, which would send it back to the House for re-approval. The Republican-controlled House passed the bill on Wednesday evening in a 314-117 vote. His counterpart, Senate Republican Leader Mitch McConnell, also signaled on Wednesday that he would work for fast passage, saying, "I'll be proud to support it without delay." Chastising House Republican negotiators for agreeing to what he sees as a weak compromise with Democrats, Lee lamented, "With Republicans like these, who needs Democrats?"

Persons: Chuck Schumer, Jonathan Ernst WASHINGTON, Joe Biden, Schumer, Biden, Kevin McCarthy, McCarthy, Mitch McConnell, McConnell, John Thune, “ There’ll, ”, Rand Paul, Mike Lee, Lee, surrogates, Richard Cowan, David Morgan, Scott Malone, Alistair Bell Organizations: U.S, Democratic, Capitol, REUTERS, Senate, Republican, Republicans, House, Treasury Department, CBS News, Biden, Thomson Locations: Washington , U.S, United States

"Once this bill reaches the Senate, I will move to bring it to the floor as soon as possible," Majority Leader Chuck Schumer said on Wednesday. His counterpart, Senate Republican Leader Mitch McConnell, also signaled that he would work for fast passage, saying, "I'll be proud to support it without delay." The chamber's rules require 60 votes to advance most legislation, meaning at least nine Republican votes are needed to pass most bills, including the debt ceiling deal. On Wednesday he vowed to vote against the bill, but did not reiterate his threat to try to delay it. Chastising House Republican negotiators for agreeing to what he sees as a weak compromise with Democrats, Lee lamented, "With Republicans like these, who needs Democrats?"

Persons: Chuck Schumer, Jonathan Ernst WASHINGTON, Joe Biden, Biden, Kevin McCarthy, McCarthy, Mitch McConnell, Schumer, McConnell, John Thune, Rand Paul, Mike Lee, Lee, surrogates, Richard Cowan, David Morgan, Scott Malone, Lincoln Organizations: U.S, Democratic, Capitol, REUTERS, Senate, Republican, Republicans, Treasury Department, CBS News, Biden, Social, Wall, Thomson Locations: Washington , U.S, United States

☆ Big landlords are barreling towards a 'reckoning.' But smaller ones are doing just fine.
▼ + stars: | 2023-05-25 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +11 min

Some big landlords are starting to feel the squeeze of stalled rents and increased operating expenses. The main difference between 'big' and 'small' landlords: the financingA key difference between smaller, mom-and-pop landlords and larger landlords is how they're financing deals. While small landlords are typically purchasing single-family homes or multi-family properties like duplexes and triplexes, which you can finance with residential debt, big landlords are buying apartment buildings and have to use commercial debt. With a residential loan, you can typically get a fixed interest rate, which will not change over the lifetime of the loan. "One of the reasons I invest in four units or less is you get 30-year fixed rate debt," he said.

☆ How tornadoes, crypto and mudslides pushed up the debt default deadline
▼ + stars: | 2023-05-19 | by ( Samantha Delouya | ) edition.cnn.com time to read: +3 min

While the Treasury Department hasn’t explicitly given a reason for its tax revenue deficiency, experts have said two main factors may have caused a shortfall. Pugliese said that last year, capital gains taxes paid to the government were “unusually strong” due to a market boom. That led to really strong capital gains tax revenue increases,” he said. Tornadoes, winter storms and mudslides pushed deadlines for millions of taxpayersAnother factor that may have lowered the federal government’s tax income this year: unexpected natural disasters. California’s payments might have had an outsized effect on the federal government’s tax revenue shortage, said Mark Zandi, chief economist at Moody’s Analytics.

☆ Michael Cohen is finally taking the Trump Organization to trial over unpaid legal bills in the Stormy Daniels saga
▼ + stars: | 2023-05-16 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +3 min

Michael Cohen's lawsuit against the Trump Organization is headed to trial in two months. His entanglement in the Stormy Daniels saga, the Mueller investigation, and more all stemmed from his former Trump Organization role, he alleges. The Trump Organization owes him $2.3 million in legal fees for all those cases and investigations, he says. The trial would also happen on the heels of a Manhattan trial, in federal court, over E. Jean Carroll's lawsuit against Trump. Attorneys for the Trump Organization and Cohen didn't immediately respond to Insider's requests for comment.

☆ Opinion | Doing Whatever It Takes on Debt
▼ + stars: | 2023-05-04 | by ( Paul Krugman | ) www.nytimes.com time to read: +1 min

The United States is barreling toward a debt crisis; the possibility of default on U.S. debt is already beginning to roil markets. What’s odd about this potential crisis is that it has nothing to do with excessive debt. America in 2023 isn’t like, say, Greece in 2009 or Argentina in 2001, cut off by investors because they have lost faith in our solvency. There are three things you need to know about this crisis. First, whatever courts may say about the constitutionality of the debt ceiling, budget decisions should be dictated by votes over spending and taxing, not by hostage-taking in which the party most willing to destroy the economy gets what it wants.

☆ The US economy is barreling toward a 'student loan cliff' as borrowers may soon owe $18 billion in monthly repayments, Jefferies analyst says
▼ + stars: | 2023-04-20 | by ( Zinya Salfiti | ) www.businessinsider.com time to read: +2 min

The US economy is barreling toward a 'student loan cliff,' with a moratorium on repayments set to end this year, according to Jefferies. Cash-strapped households could scale back spending if the loan repayments resume, hitting economic growth. "The additional risk to overall US economic growth is notable," Tim Simons, an economist at Jefferies, said. An end to the loan moratorium will affect about 45 million borrowers, according to the firm. "If the resumption of student loan repayments creates ~2% downward pressure on personal consumption expenditures, the additional risk to overall US economic growth is notable," Tim Simons, an economist at Jefferies, wrote in a recent research note.

☆ 5 must-see charts that show why the economy is barreling toward disaster — putting stocks at risk for massive declines
▼ + stars: | 2023-04-01 | by ( William Edwards | ) www.businessinsider.com time to read: +7 min

Reducing inflation is likely to require a period of below-trend growth and some softening in labor market conditions," Powell said. "Restoring price stability is essential to set the stage for achieving maximum employment and stable prices over the longer run." A large enough pullback in lending will send the economy into a downward spiral, he said. "If you get a credit crunch, you could have an immediate downturn in the economy, a very quick downturn," he said. Credit spreads are the gap between high-risk bond yields and yields on risk-free bonds.

☆ This week's top S&P 500 stocks include First Republic and this casino owner
▼ + stars: | 2023-03-31 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

The S & P 500 and Nasdaq Composite are up about 2.9% and 2.8%, respectively. Meanwhile, this month, the Dow is higher by more than 1.3% and the S & P 500 is up 2.8%. Energy stocks outperformed this week on the back of higher oil prices, with the S & P 500 Energy Index up by almost 6%. All 11 sectors in the S & P 500 advanced this week. Caesars Entertainment was the best performer in the S & P 500.

☆ 'The storm signals are flying': Evercore founder says the US is barreling towards a recession
▼ + stars: | 2023-03-27 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +2 min

Evercore founder Roger Altman says the odds of a recession are rising, he told CNBC on Monday. "We could be heading into that kind of economic softness, and that might affect credit quality and banking health." Partly because open market financial conditions have tightened," Altman told CNBC Monday, referring, in part, to the central bank's rate hikes. However, the probability that US economy is barreling towards a recession continues to go up. The Evercore exec is eyeing indicators such as a "sharply" inverted yield curve, which is when long-term interest rates are less than short-term ones.

☆ Trump loyalists flock to Waco for election rally overshadowed by legal threats
▼ + stars: | 2023-03-25 | by ( Nathan Layne | ) www.reuters.com time to read: +5 min

WACO, Texas (Reuters) -Die-hard fans of Donald Trump flocked to the ex-president’s election rally in Waco, Texas, on Saturday, brimming with defiance as their favored candidate faced overlapping threats of criminal indictment. FILE PHOTO: Former U.S. President Donald Trump delivers remarks on education as he holds a campaign rally with supporters, in Davenport, Iowa, U.S. March 13, 2023. REUTERS/Jonathan Ernst/File PhotoSeveral thousand Trump supporters lined up outside the Waco Regional Airport waiting to go through security and enter the event, with the first speaker scheduled for 2 p.m. CDT (1900 GMT). Fifty-seven-year-old Laurie Hansen said Trump was “the best president ever.”“He’s the only one who can bring our country back,” she said. In an editorial, the Houston Chronicle said the decision to host the event in Waco during the anniversary of the Waco siege represented more than a dog-whistle message to far-right and conspiratorial Trump supporters.

☆ Trump loyalists decry 'witch hunt' at Waco election rally
▼ + stars: | 2023-03-25 | by ( Nathan Layne | ) www.reuters.com time to read: +5 min

WACO, Texas (Reuters) -Die-hard fans of Donald Trump flocked to the ex-president’s election rally in Waco, Texas, on Saturday, brimming with defiance as their favored candidate faces legal peril from prosecutors and mixed polling ahead of next year’s Republican primary elections. People cheer ahead of the first campaign rally for the re-election campaign of former U.S. President Donald Trump at Waco Regional Airport in Waco, Texas, U.S., March 25, 2023. “You have to understand: they are not just coming after President Trump, they are coming after you, and President Trump is just the only one standing in their way,” she said. The former president is seeking to turn the hush money case in New York to his advantage by raising money off it and using it to rally supporters. Schomburg said he thought Trump was trying to send a message by holding the rally in Waco.

☆ Trump holds first election rally in Waco overshadowed by legal threats
▼ + stars: | 2023-03-25 | by ( Nathan Layne | ) www.reuters.com time to read: +4 min

FILE PHOTO: Former U.S. President Donald Trump delivers remarks on education as he holds a campaign rally with supporters, in Davenport, Iowa, U.S. March 13, 2023. In an email, a Trump campaign spokesperson said Waco was chosen because it is situated between several major population centers and has the infrastructure to host a large event. Trump has sought to paint the Manhattan case as politically motivated, raised money off it and used it to rally supporters to his side. The city of Waco said it was expecting 15,000 people to attend the rally. In an editorial, the Houston Chronicle said the decision to host the event in Waco during the anniversary of the Waco siege represented far more than a dog-whistle message to far-right and conspiratorial Trump supporters.

☆ Staring down a possible indictment, Trump holds a rally in Waco. A Texas newspaper said the choice isn't a dog whistle but an 'air horn' to far-right groups.
▼ + stars: | 2023-03-25 | by ( Sarah Al-Arshani | ) www.businessinsider.com time to read: +4 min

Thirty years ago, federal agents seized the Branch Davidians in Waco, Texas. Trump's scheduled rally in Waco falls in the middle of the anniversary of the months-long standoff. The New York Times reported that Trump's visit to Waco falls on the 30-year anniversary of the Branch Davidian siege. Although no indictment has been announced, Trump has continued to rally his supporters and make allusions to violence. Trump supporters like Reps. Marjorie Taylor Greene of Georgia and Matt Gaetz of Florida as well as conservative pundits like Dan Bongino have spoken out in support of Trump.

☆ Russian plane that took out US drone was 'out of control' and flying like it's 'amateur hour,' US official tells PBS
▼ + stars: | 2023-03-15 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

The US says a Russian jet clipped a US drone over the Black Sea, forcing it to crash. A US official told PBS the Russian pilot seemed out of control, calling their actions "amateur hour." Schifrin further described what the official told him on "PBS NewsHour," saying "this was not a controlled tap. The Russian pilot was barreling toward the drone, out of control, tried to pull away from the from the drone, and that's when the Russian jet actually hit the back of it." Russia also denied that any contact was made between the jet and the drone, saying the drone crashed after "sharp maneuvering".

☆ Meta's metaverse division leaders are reportedly gathering for a summit that includes a meeting called 'Must Go Faster'
▼ + stars: | 2023-02-24 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

Meta's metaverse division is scheduled to gather for a multi-day summit next week, Command Line reported. The division, also known as Reality Labs, is reportedly also canceling projects, Command Line said. Reality Labs lost $13.7 billion in 2022 and posted a fourth-quarter loss of more than $4 billion. The summit will focus on "road map and vision-setting presentations" with one meeting reportedly titled "Must Go Faster," Command Line said. "Cardiff," the codename for an upcoming version of the Quest headset, and "Hermosa," the moniker for another early-stage hardware prototype, according to Command Line.

☆ Kia's new electric SUV is the stylish, super-quick competitor of Elon Musk's nightmares — but it has one big downside
▼ + stars: | 2023-02-16 | by ( Tim Levin | ) www.businessinsider.com time to read: +4 min

The 2023 EV6 GT Kia lent me came out to roughly $63,000, including a destination fee. The 2023 Kia EV6 GT. The 2023 Kia EV6 GT. The 2023 Kia EV6 GT. Our impressionsThe 2023 Kia EV6 GT is a unique, adrenaline-inducing ball of energy that makes you feel outrageously cool while behind the wheel.

☆ From a road-trip disaster to a face-melting rip in the world's quickest supercar, these are my biggest lessons from driving 20 electric cars
▼ + stars: | 2023-02-08 | by ( Tim Levin | ) www.businessinsider.com time to read: +6 min

I've tested 20 electric cars, SUVs, and pickup trucks from Tesla, Ford, Porsche, Polestar, and more. But electric cars are quick, convenient, fun to drive, and quiet. Hours behind the wheel taught me some important lessons about range, charging, and our electric future. Charging can be more convenient than getting gasRecharging an electric car takes a whole lot longer than filling up on gas. The best ones offer spacious interiors and clever storageToday's electric cars typically use what's known as a skateboard platform, which is basically what it sounds like.

☆ Tomahawk dunk? Step-back three? Skyhook? LeBron has options for breaking record
▼ + stars: | 2023-02-03 | by ( Rory Carroll | Thomson Reuters | Los Angeles-Based Sports Reporter Who Interviews The Most Impactful Athletes | ) www.reuters.com time to read: +2 min

But James' shot-making skills have expanded over the years and he has a full arsenal at his disposal to deliver a historic highlight. "Over the course of my career I've just got better with every facet of my game," James told ESPN in a recent interview. Tomahawks, windmills, reverses - James could rock the rim in any number of ways, sending fans into a frenzy and opposing teams into timeouts. James has been seen practicing the difficult shot, which no player has ever mastered like Abdul-Jabbar, during pre-game warm-ups. Reporting by Rory Carroll in Los Angeles; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

☆ U.S. government touches debt limit
▼ + stars: | 2023-01-19 | by ( David Morgan | ) www.reuters.com time to read: +4 min

Republicans, with a newly won House majority, aim to use the congressionally mandated federal debt ceiling to exact spending cuts from Biden and the Democratic-led Senate. Republicans are instead pursuing a "debt prioritization" plan that would seek to avert default by urging the Treasury to prioritize debt payments, and possibly other priorities such as Social Security and Medicare, should the limit be breached during negotiations. But we similarly should not blindly increase the debt ceiling," Representative Chip Roy, a leading conservative, told Reuters. Congress adopted a comprehensive debt ceiling, the statutory maximum of debt the government can issue, in 1939, intending to limit its growth. White House officials also note that Republicans in Congress backed multiple increases to the debt ceiling when Republican Donald Trump was president.

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