DIRS.INFO The most relevant business & tech news

☆ First debate of the cycle has a history tripping up former presidents
▼ + stars: | 2024-06-24 | by ( Kevin Liptak | Jeff Zeleny | ) edition.cnn.com time to read: +7 min

In some ways, that puts both men on equal footing when they walk onto Thursday’s debate stage. National ArchivesRonald Reagan, who like Biden retreated to Camp David for debate preparations in 1984, did not appear to his aides entirely engaged in the exercises. Walking off the debate stage after a rambling final answer, Reagan confessed to aides that he’d flopped. “They’re making me do my homework.”Walking off the debate stage in Denver, Obama did not initially realize just how bad his confrontation with Romney had gone. “On Social Security, we’ve got a somewhat similar position,” Obama told Romney during one of the exchanges that caused Obama’s advisers to cringe.

Persons: CNN — Joe Biden, Barack Obama, Obama, ” Biden, Biden, David, Donald Trump, ”, David Axelrod, Trump, hasn’t, Ron Klain, Pete Souza, hector, “, ” Trump, Brett O’Donnell, Nancy Reagan, National Archives Ronald Reagan, Camp David, peruse, Reagan, he’d, Walter Mondale, George H.W, Bush, Bill Clinton, Clinton, George W, wasn’t, John Kerry, scowls, Mitt Romney’s, Joe Biden, Kristen Welker, Chip Somodevilla, ” Axelrod, Romney, we’ve, ” Obama, cringe, Klain Organizations: CNN, Biden, Oval Office, Air Force, Democrat, Trump, White, Republican, Camp, National Archives, Republican National, Democratic, NBC, Belmont University, Getty, Social Security, Camp David Locations: Iowa, Denver, Atlanta, Henderson , Nevada, Cleveland, Camp David , Maryland, Nashville , Tennessee, Las Vegas, Nevada

☆ Tesla setting up for a counter-trend rally, according to the charts
▼ + stars: | 2024-06-24 | by ( Will Tamplin | Fairlead Strategies | ) www.cnbc.com time to read: +7 min

However, our technical indicators suggest a bigger counter-trend rally could be in store for TSLA in the weeks ahead. Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.

Persons: TSLA Organizations: Nvidia, TSLA, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities Locations: TSLA

☆ Who Will Win the Debate Between Biden and Trump? Here’s How to Tell. - The New York Times
▼ + stars: | 2024-06-24 | by ( Frank Luntz | ) www.nytimes.com time to read: +2 min

I’ve learned this from studying American reactions to almost every general election presidential debate since 1992. Yet those things often have little to no discernible impact on the opinions of many people watching at home. To be fair, some of the debates I watched with voters, like Bill Clinton and Bob Dole’s in 1996, had no major impact on the electorate’s mood. Others — like the three-way town hall debate with Mr. Clinton, George H.W. Bush and Ross Perot in 1992 and the first George W. Bush-Al Gore debate in 2000 and the three Donald Trump-Hillary Clinton collisions — arguably changed history.

Persons: I’ve, Bill Clinton, Bob Dole’s, Clinton, George H.W, Bush, Ross Perot, George W, Al Gore, Donald Trump, Hillary Clinton, Biden, Trump, Ronald Reagan’s “, Barack Obama Organizations: Viewers, Mr

☆ Will the Debate Be ‘Rah-Rah’ or ‘Ruh-Roh?’
▼ + stars: | 2024-06-24 | by ( Jess Bidgood | ) www.nytimes.com time to read: +1 min

It’s debate week! She has a plan for Thursday’s presidential debate between President Biden and former President Donald Trump — and a plan B if things go south. “Bingo might turn into a drinking game instead if things go badly.”Last week, I asked you all how you were feeling about the first 2024 general election debate. But many of you, like Lowe and her friends, want Biden to do well but worry he will slip up. Some described real despair about the prospect of seeing Trump on a debate stage once more.

Persons: — Jess Bidgood Laurie Lowe, Laurie !, Biden, Donald Trump —, ” Lowe, “ ruh, Lowe, Trump Organizations: Democratic, Biden, Trump, roh Locations: Atlanta, Florida, “

☆ Russia has seen two terror attacks in just three months. Here’s what we know
▼ + stars: | 2024-06-24 | by ( Kathleen Magramo | Jerome Taylor | ) edition.cnn.com time to read: +8 min

In Dagestan, Russian security forces fought an Islamist insurgency in the mountainous region in the 2000s that spilled over from neighboring Chechnya, though attacks have become rarer in recent years. Russian President Vladimir Putin attends a meeting with his election campaign confidants at the Kremlin in Moscow, Russia March 20, 2024. ISIS-K attack on music venueThe coordinated attacks in Dagestan come just weeks after Russia suffered its worst terror attack in decades. For a leader who has long promised security and stability to Russians, the major attack on Russian soil was another powerful blow. In the aftermath of the March attack, Putin called for Russia to remain united.

Persons: Vladimir Putin’s, Putin, Ramzan Kadyrov, Jill Dougherty, Vladimir Putin, confidants, Evgenia Novozhenina, Bashar al, Assad, Prince Mohammed bin Salman, Benjamin Netanyahu, ” Organizations: CNN, ISIS, Ukraine grinds, Russian Jewish Congress, Attackers, TASS, Russian Federation, Soviet, Hamas, Makhachkala Uytash Airport, Kremlin, Reuters, Saudi, Israeli, Central, Migrants, Kazakhstan — Locations: Russia, Russia’s, Dagestan, Moscow, Derbent, Makhachkala –, Makhachkala, Russian, Republic of Dagestan, Russia’s Caucasus, Caucasus, Soviet Union, Chechnya, –, Grozny, Ukraine, ”, Gaza, Israel, CNN Moscow, Reuters Russia, Iran, Soviet, Tajikistan, Uzbekistan, Kyrgyzstan, Turkmenistan, Kazakhstan

☆ Worried about a frothy market? Here's how to start building a long-term stake anyways
▼ + stars: | 2024-06-23 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

Here's our Club Mailbag email investingclubmailbag@cnbc.com — so you send your questions directly to Jim Cramer and his team of analysts. I realize since joining the Club I need to buy the S & P 500 to provide proper diversification. Kelly (Toronto) Several factors need to be considered to chart an appropriate course of action to get money to work. In this kind of situation, the old investment adage by Ken Fisher is applicable: "Time in the market beats timing the market." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Jim, Jeff, Kelly, Ken Fisher, It's, Vanguard's, it's, Cash, Jim Cramer's, Brendan McDermid Organizations: CNBC, Club, Vanguard's, Jim Cramer's Charitable, Traders, New York Stock Exchange Locations: Toronto, New York City, U.S

CNN —Israeli Prime Minister Benjamin Netanyahu has defended his decision to go public about delays in the supply of weapons from the United States, saying months of private discussions did not yield any results. At the beginning of a cabinet meeting Sunday, Netanyahu said that “after months of no change in this situation, I decided to give it a public expression. The US remains Israel’s most important ally and biggest supplier of arms but has voiced increasing concern over the mounting civilian casualties in Gaza. Our ties are crucial and perhaps more important than ever, at this time,” Gallant told reporters, according to a statement from the Israeli defense ministry. The Israeli defense minister has clashed with Netanyahu, who is facing an ongoing battle to keep his government together.

Persons: Benjamin Netanyahu, Netanyahu, ” Netanyahu, Biden, Antony Blinken “, Amos Hochstein, ” “, Yoav Gallant, Lloyd Austin, ” Gallant, Gallant, ”, “ Organizations: CNN, Israeli, US, U.S Locations: United States, Israel, Gaza, Washington

☆ Opinion: Destined to be a lame duck
▼ + stars: | 2024-06-23 | by ( Richard Galant | ) edition.cnn.com time to read: +18 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. When Biden and Trump meet in a debate on CNN Thursday, expect part of the audience to be wondering exactly who and what will come next. Biden, who’s battling low approval ratings, is sticking with Vice President Kamala Harris, whose polls are also bleak. There were 28, and we’ve had 11 so far this year, Bridget Johnson noted in the first of a CNN Opinion series about America’s preparedness. “It’s a measure of his hold on American society that he’s still revered a half-century later,” wrote Frederic J. Frommer.

Persons: Franklin D, Roosevelt, “, ”, Alexander Wiley of, Adolph Sabath, Sabath, can’t, Joe Biden, Donald Trump —, Biden, who’s, Kamala Harris, Ronald Reagan’s, George H.W, George H.W . Bush, Trump, Julian Zelizer, Zelizer, it’s, Facebook “ Trump, ’ Trump, Hunter Biden, ” Terry Szuplat, Barack Obama, I’ve, that’s, Obama, Dan, ’, don’t, … Don’t, Melinda French Gates, Douglas Heye, Bob Good, Trump Dean Obeidallah, Clay Jones, we’ve, Bridget Johnson, Johnson, “ we’re, Richard Serino, Irma, Maria, Hurricane Maria, Mark Wolfe, ” Drew Sheneman, Anna Bershteyn, Michael Diamond, Roe, Wade, Karen Finney, Jennifer Tucker, Chuck Schumer's, Chuck Schumer, Schumer, he’s, John Kasich, Bill DeBlasio, Donald Trump, Sarah Palin, Biden’s, Jill Filipovic, Walt Handelsman, Luther Terry, Vivek H, Murthy, ” Kara Alaimo, Dolly Parton, Allison Hope, Dolly Parton “, Parton, ” Hope, Ericka Andersen, ’ Andersen, Andersen, Dolly, Nathan B, Baskind, Weeks, Samantha Baskind, Uncle Nate, Nathan Baskind, David, ” Samantha Baskinshe, ” Don’t, Phil Hands, Nadine Pienede, Frida Ghitis, Adam Plowright, Sara Stewart, Andrew McCarthy, Rohit Chopra, Willie Mays Bill Bramhall, Willie Mays, Frederic J, Frommer, ” Frommer, Mays, —, ” Mays, Vic Wertz, It’s Organizations: CNN, Republicans couldn’t, Democratic, GOP, Alexander Wiley of Wisconsin . Rep, Illinois Democrat, New York Times, Trump, Biden, Twitter, Facebook, UFC, Democrats, Braver, Trump Dean, US, FEMA, Hurricane, Ricans, Ledger, Agency, “, Independence, ”, Times, Federalist, Army, Journal, Tribune, New York Daily, Cleveland Indians, New York Giants Locations: Illinois, George H.W ., New York, American, ” “ Ohio, John Kasich , New York City, Donald Trump , Alaska, Switzerland, France, Normandy, Wisconsin, Juneteenth, Haiti, Putin’s, Korea, “

☆ Thousands of Iran-backed fighters ready to join Hezbollah's battle with Israel as UN chief warns of catastrophe 'beyond imagination'
▼ + stars: | 2024-06-23 | by ( Cameron Manley | ) www.businessinsider.com time to read: +3 min

Read previewThousands of Iran-backed fighters are ready to join the militant group Hezbollah in Lebanon as tensions rise with neighboring Israel, the Associated Press reported. Hussein Malla / AP ImagesHezbollah has been launching strikes against Israel in support of the Palestinian militant group Hamas since the latter's October 7 attacks, which killed around 1,200 people in Israel. Israel has also been weighing an all-out war with the group, with the country's defense minister, Israel Katz, saying on Tuesday that a decision on such a move was near. In an all-out war, Hezbollah will be destroyed and Lebanon will be severely hit," Katz wrote on X. Advertisement"One rash move – one miscalculation – could trigger a catastrophe that goes far beyond the border, and frankly, beyond imagination," he added.

Persons: —, Hassan Nasrallah, Israel, Nasrallah, Hussein Malla, Israel Katz, Katz, António Guterres Organizations: Service, Hezbollah, Associated Press, Business, Atlantic Council, AP, Israel, Hamas, UN, Center for Strategic, International Studies Locations: Iran, Lebanon, Israel, Iraq, Baghdad, Gaza

☆ Disputes About Race and Party Strategy Shape N.Y. Democratic Primaries
▼ + stars: | 2024-06-23 | by ( Grace Ashford | Jeffery C. Mays | ) www.nytimes.com time to read: +1 min

In Brooklyn, a State Assembly race has attracted the involvement of marquee figures like Hakeem Jeffries, the House Democratic leader, and Letitia James, the New York State attorney general. In East Harlem, race and ethnicity have cast shadows over another contest, with the question of whether the neighborhood should be represented by a Latino. And in Westchester County, a Democratic primary fight has included ugly accusations of lies, betrayal and purloined emails. If there was any illusion that Democrats in New York would play nice until November’s all-important general election, these contests for the Assembly in Tuesday’s primaries suggest otherwise. At the heart of many of these contests lies a long-simmering tension between institutional and progressive Democrats that has come to dominate many debates inside the State Legislature, including those involving housing and criminal justice.

Persons: Hakeem Jeffries, Letitia James Organizations: Assembly, Democratic, New York, Legislature Locations: Brooklyn, New York State, East Harlem, Westchester County, New York

☆ America’s housing crisis continues to worsen
▼ + stars: | 2024-06-23 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

Washington CNN —Homeowners in America aren’t the only ones struggling with an unaffordable housing market. A report from Harvard University’s Joint Center for Housing Studies released last week showed that both homeowners and renters in recent years have become increasingly burdened by climbing housing costs. That’s all part of a broader struggle in the US housing market, and recent data shows that it hasn’t gotten any better. But there’s a problem: ChatGPT — soon to be integrated into Siri — is banned in China, reports my colleague Samantha Murphy Kelly. The Chicago Fed releases its National Activity Index for May.

Persons: ” Lael Brainard, ”, “, Brainard, Biden, ” Brainard, ChatGPT —, Siri —, Samantha Murphy Kelly, OpenAI, Siri, ChatGPT, Read, Christopher Waller, Lisa Cook, Michelle Bowman, General Mills, Levi Strauss, Tom Barkin Organizations: CNN Business, Bell, Washington CNN — Homeowners, America aren’t, Harvard University’s, for Housing Studies, Harvard, “, White, Economic Council, Urban Institute, Administration, Apple, Apple Intelligence, Microsoft, Google, Meta, Samsung, Cyberspace Administration, FedEx, Chicago Fed, Global, Index, Board, Micron, General, US Commerce Department, Federal Reserve, Nike, McCormick, Walgreens, US Labor Department, National Association of Realtors, Richmond Fed, University of Michigan Locations: Washington, America, Congress, China

☆ Can Keir Starmer give Britain the change it desperately wants?
▼ + stars: | 2024-06-23 | by ( Luke Mcgee | ) edition.cnn.com time to read: +10 min

Barring a major shock, Labour leader Keir Starmer will be the person walking through the famous black door of 10 Downing Street in less than three weeks’ time. His parents were political, naming their eldest after the first Labour leader in parliament, Keir Hardie. “He’s the first Labour leader in a generation to talk about class and snobbery,” Tom Baldwin, author of “Keir Starmer: The Biography,” told CNN. Jeremy Corbyn, then the Labour leader, made Starmer his Brexit chief following the 2016 referendum. Starmer, left, and then-Labour leader Jeremy Corbyn talk to the media at the EU Commission headquarters on March 21, 2019 in Brussels, Belgium.

Persons: Rishi Sunak, Conservative Party –, –, Keir Starmer, Starmer, John Stillwell, Keir Hardie, “, ” Tom Baldwin, “ Keir Starmer, ”, …, ” Baldwin, Jeremy Corbyn, Corbyn, Osama bin Laden, Thierry Monasse, Boris Johnson, James Schneider, Dominic Grieve, ” Grieve, Grieve, ” Starmer, Stefan Rousseau Organizations: CNN, Conservative Party, Labour Party, Labour, Downing, Great, Great British Energy, European Union, Public Prosecutions, Crown, Service of, Wales –, University of Leeds, University of Oxford, NATO, EU, Conservative, Conservatives Locations: Britain, Great British, Service of England, London, Brussels, Belgium, Lancing, West Sussex

☆ I spent a fortune to be in my friend's wedding. Do I still have to buy the couple a gift? 4 experts weigh in
▼ + stars: | 2024-06-23 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +4 min

but because the cost associated with being in a bridal party is cripplingly high. Not including a gift, bridesmaids spend, on average, more than $1,600 being in a wedding, according to 2024 data from The Knot. If you're already spending a considerable amount on these activities, it's absolutely OK to scale back on the wedding gift. You could offer to do something for the couple before or on their wedding day, like corralling all your friends for a photo. Hannah Nowack, senior editor at The Knot"It's customary for wedding party members to give the couple a gift.

Persons: I'm, I've, fryer, bridesmaids, Tori Dunlap, Allison Cullman, Zola, Zola Jen Glantz, Bridesmaids, Hannah Nowack Organizations: CNBC

☆ Michael Flynn Has Turned His Trump-World Celebrity Into a Family Business
▼ + stars: | 2024-06-23 | by ( David A. Fahrenthold | Alexandra Berzon | ) www.nytimes.com time to read: +1 min

In 2021, retired Gen. Michael T. Flynn, Donald J. Trump’s first national security adviser, became chairman of a 75-year-old nonprofit organization — the kind of small charity where chairmen typically work for free. But Mr. Flynn received a salary of $40,000, for working two hours per week. Mr. Flynn’s charity also paid one of his brothers, two of his sisters, his niece and his sister-in-law. Since leaving the Trump administration under an ethical cloud, Michael Flynn has converted his Trump-world celebrity into a lucrative and sprawling family business. He and his relatives have marketed the retired general as a martyr, raising hundreds of thousands of dollars for a legal-defense fund and then pocketing leftover money.

Persons: Michael T, Flynn, Donald J, Trump’s, Michael Flynn, QAnon Organizations: Inc, Trump Locations: Flynns

☆ Election hedging is causing a 'kink' in the volatility market
▼ + stars: | 2024-06-23 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Traders are gearing up for an increase in volatility around the November elections in the United States, according to one market indicator. Stacey Gilbert, CIO of Glenmede Investment Management, said that the futures market for the Cboe Volatility Index is showing a distortion around the November election. Vix futures are basically a way to bet on or hedge against where the index will be trading at the time of expiration. The expectation for volatility around this election is pretty sizable," Gilbert said. "It would stand to reason that the Vix, or volatility in general, would increase around then," he added.

Persons: Stacey Gilbert, Gilbert, Donald Trump, Joe Biden, Ed Clissold, Ned Davis, it's, Clissold Organizations: Glenmede Investment Management, Republican, Democratic, Bank of America, Ned, Ned Davis Research, Republicans Locations: United States, U.S

☆ My first cruise with my son was a nightmare. We lost power twice, had to shower with flip-flops, and couldn't make 2 of our destinations.
▼ + stars: | 2024-06-23 | by ( Heidi Borst | ) www.businessinsider.com time to read: +4 min

Setting sail on a fun-packed cruise ship where everything was pre-planned was the perfect solution. Related storiesI booked a five-night Key West and Bahamas cruise through Celebrity, leaving from Miami. Our cruise experience wasn't greatBoarding our cruise ship, the Celebrity Summit, went smoothly, and we went right to our stateroom, which appeared as advertised. AdvertisementWe enjoyed another beautiful day at South Beach, sinking our toes in white sand beaches and exploring the outdoor Lincoln Road Mall. Though our cruise experience was probably an outlier, I won't chance it again.

Persons: —, I'd, Estiatorio Milos, Easter, couldn't Organizations: Service, Business, Miami Beach Locations: Bahamas, Miami, South Beach, Key, Bimini, Nassau, South

☆ The 5 biggest cases the Supreme Court hasn't yet decided
▼ + stars: | 2024-06-23 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +8 min

The nation's highest court typically wraps up its business by the end of June, but court watchers count roughly a dozen major pending decisions. Trump v. United States: The Trump immunity caseThe implications for Trump alone made this the most closely-watched case this term. As Justice Neil Gorsuch said during oral arguments, the court may write "a rule for the ages." Justices heard oral arguments in a case brought by commercial fishermen about a rule requiring them to pay for monitors that track potential overfishing. Justice Elena Kagan said during oral arguments that 70 Supreme Court rulings and more than 17,000 lower-court decisions have relied on Chevron.

Persons: —, Donald Trump's, Trump, Neil Gorsuch, Ketanji Brown Jackson, Jack Smith's, Smith, Lev Radin, Fischer, Joseph Fischer's, John Roberts, Loper, Raimondo, Biden, Elena Kagan, Andrew Harnik, Moyle, Roe, Joshua Turner, Ken Paxton, Brandon Bell, Ron DeSantis Organizations: Service, Trump, Business, . United, Police, United, Enron, Capitol, Electoral, Biden, Washington Post, Loper Bright Enterprises, FDA, Chevron, Natural Resources Defense, Inc, Getty, Idaho, Labor, Paxton, Industry, Gov, The Washington Post, Court, GOP Locations: . United States, United States, Pennsylvania, Chevron U.S.A, Idaho's, Idaho, Texas, Red, Florida

☆ UK’s Nigel Farage sparks outrage from political opponents after saying West ‘provoked’ Ukraine war
▼ + stars: | 2024-06-22 | by ( Rosa Rahimi | ) edition.cnn.com time to read: +2 min

CNN —Nigel Farage, a figurehead of the UK’s populist right, has sparked outrage from political opponents after saying the West “provoked” Russia’s invasion of Ukraine. “We’ve provoked this war – of course it’s his fault – he’s used what we’ve done as an excuse,” he said. Farage – a former EU parliamentarian – claimed to be “the only person in British politics” to predict the invasion of Ukraine. “I am one of the few figures that have been consistent & honest about the war with Russia,” he wrote. He added that Farage has “shown that he would rather lick Vladimir Putin’s boot than stand up for the people of Ukraine.”

Persons: Nigel Farage, ”, Farage –, Brexit –, Farage, Putin, Nick Robinson, “ We’ve, –, “, “ Putin, Rishi Sunak, ” James, Ben Wallace, John Healey, Vladimir Organizations: CNN, BBC, NATO, European Union, ”, Conservative, Labour Locations: Ukraine, Brexit, EU, Russia, ”

☆ Americans' spending patterns are flashing a warning of a possible consumer-led recession
▼ + stars: | 2024-06-22 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

Read previewAmerica's stimulus-fueled shopping spree looks just about over — and lower spending could be a signal that a consumer-led downturn is on the horizon, economic experts say. Retail spending ticked 0.1% higher in May, but sales volume has dropped 1.3% year-over-year over the last three months, US Census data shows. That adds to a 4% decline in retail sales in the first quarter — and it's a strong sign the long-awaited consumer recession is on the horizon, economist David Rosenberg said recently. "Early signs of a consumer recession finally coming to the fore." AdvertisementThe US has 52% chance of slipping into recession by May of next year, according to projections from the New York Fed.

Persons: —, David Rosenberg, Stephanie Pomboy, Ian Shepherdson Organizations: Service, Business, McKinsey, Deutsche Bank, Consumer, Federal Reserve, New York Fed, Pantheon Macroeconomics

☆ Jensen Huang's Nvidia sure hopes the AI bubble doesn't burst anytime soon
▼ + stars: | 2024-06-22 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

AdvertisementHowever, Nvidia's run faces one big risk: it depends on the generative AI boom lasting. Though tech giants, including Apple, Google, Meta, and Microsoft, now appear to have made generative AI their priority, there appears to be awareness of the technology's weaknesses. Google, for instance, was forced to apologize earlier this year after its generative AI image generator created historically incorrect images in response to user requests. For now, though, the industry seems intent on moving ahead with LLM-enabled generative AI. That should keep Nvidia in the race with Microsoft and Apple to a $4 trillion valuation.

Persons: —, Jensen Huang, they've, Dan Ives, Huang, Tim Cook, Yann LeCun Organizations: Service, Nvidia, Microsoft, Apple, Business, Meta, Google, Blackwell, Apple Intelligence, Financial Locations: Taipei

☆ ‘They saved their whole lives for this’: American woman’s heartbreak as parents die on Hajj
▼ + stars: | 2024-06-22 | by ( Pauline Lockwood | Maija-Liisa Ehlinger | ) edition.cnn.com time to read: +6 min

CNN —Saida Wurie said it was her parents’ lifelong dream to participate in Hajj, the religious pilgrimage that brings Muslims from around the world to Saudi Arabia each year. Speaking to CNN’s Whitfield on Saturday, Wurie said she had been in close contact with her parents while they were in Saudi Arabia via a family group chat. As of Saturday, diplomats have not committed to meeting them in person in Saudi Arabia, she said. Mecca, the holy city that is central for Hajj pilgrims, saw temperatures soar to a record-setting 125 degrees Fahrenheit on Monday. Fadel Senna/AFP/Getty ImagesBut CNN has spoken to other Hajj pilgrims who said the preparations weren’t enough, with one describing seeing fellow worshipers lose consciousness and walking past bodies covered in white cloths.

Persons: Saida Wurie, They’d, “, ”, CNN’s Fredricka Whitfield, Wurie, Isatu Tejan, Alieu Dausy, Prince George’s County, CNN’s Whitfield, Arafat, Mount Arafat, Whitfield, Fadel Senna, Mina . Organizations: CNN, Kaiser Permanente, ”, Saudi Interior Ministry, US Embassy, General’s Office, US State Department, Saudi, Ahram Locations: Hajj, Saudi Arabia, Maryland, Bowie , Maryland, Kaiser, Prince George’s, Mina, Jeddah, Saudi, Mecca, AFP, Egypt, Saudi Arabian

☆ Going After the Middleman
▼ + stars: | 2024-06-22 | by ( Lauren Hirsch | Sarah Kessler | ) www.nytimes.com time to read: +1 min

They’ve zeroed in on what may sound like a nerdy legal theory, but one that could have huge implications: the tyranny of the intermediary, middleman companies that abuse their role by squeezing out competition or creating artificially expensive moats. The Justice Department has already made one high-profile strike along these lines, suing to break up Ticketmaster and Live Nation. It is reportedly investigating at least two others. One is RealPage, a property management company that uses artificial intelligence to suggest prices and has already been sued by renters accusing it of facilitating a new type of collusion. The second is UnitedHealth Group, the health care conglomerate that owns a cobweb of businesses that include an insurer and another unit that employs about 10,000 physicians in the United States.

Persons: Lina Khan, Jonathan Kanter, They’ve Organizations: Biden, Federal Trade Commission, Ticketmaster, UnitedHealth Locations: United States

☆ Hajj deaths: ‘Not enough medics’ to help pilgrims with heat, witnesses tell CNN as toll mounts
▼ + stars: | 2024-06-22 | by ( Xiaofei Xu | Masrur Jamaluddin | ) edition.cnn.com time to read: +4 min

CNN —There were not enough medics or basic facilities to protect Hajj pilgrims from the effects of the sweltering heat in Saudi Arabia last week, two pilgrims recently returned from Hajj told CNN, as the official death toll from this year’s Hajj pilgrimage soared to almost 500. This years’ Hajj pilgrimage to Mecca has been held amid extreme weather conditions which saw temperatures consistently soar above average figures. Ali’s comments were echoed by another witness, 44-year-old Ahmad from Indonesia, who told CNN he saw many people falling ill and even dying from the heat. According to Ali, five hours walking every day is the minimum, but many pilgrims spent 12 hours outside per day. Because the Islamic calendar is lunar and shorter than the Gregorian calendar, the timing of Hajj on the Gregorian calendar shifts slightly each year.

Persons: Witnesses, Zirrar Ali, ” Ali, ”, Ahmad, Fadel Senna, “, Rafiq Maqbool, Ali, that’s, Hajj ’ it’s, Ramadan Organizations: CNN, Hajj, Getty, Saudi General Authority, Statistics Locations: Saudi Arabia, Mecca, London, Indonesia, Hajj, AFP, ”, Saudi

☆ Kyla Scanlon explains Gen Z's divided attitudes toward investing
▼ + stars: | 2024-06-22 | by ( Anna Gleason | ) www.cnbc.com time to read: +1 min

Economic commentator Kyla Scanlon is noticing a potentially worrying trend in the investing outlook among younger generations. "But then you have the other side, which is an element to financial nihilism, where people don't want to save for retirement. They don't want to save money in general because they don't believe the future is there." Scanlon is aiming to bridge Gen Z's divided financial attitudes with her new book, "In This Economy? "The younger generation definitely wants [homeownership], because there's a lot of financial benefit to having equity," she said.

Persons: Kyla Scanlon, CNBC's, Scanlon, Gen Zers Organizations: National Association of Realtors

☆ ‘My vision went dark’: CNN reporter experiences 6G-force before hitching a fighter jet ride
▼ + stars: | 2024-06-22 | by ( Brad Lendon | ) edition.cnn.com time to read: +11 min

Four South Korean F-4 fighter jets fly in formation on May 8, 2024, during a commemorative final flight of the aircraft. That test would come a few weeks before the F-4 flight at a South Korean Air Force medical facility south of Seoul. Lendon in the back seat of a South Korean F-4 Phantom flying over southern South Korea on May 8, 2024. South Korean Air Force F-4s flying in formation with two KF-21 fighter jet prototypes over southern South Korea on May 8, 2024. A total of 120 are expected to be delivered to the South Korean Air Force by 2030, and the jet is expected to be exportable.

Persons: Douglas, Lendon, –, didn’t, I’m, It’s, Neil Armstrong, John Glenn, I’d, don’t, South Korea Brad Lendon, Daegu –, vomited, “, ”, wouldn’t Organizations: South Korea CNN —, South Korean Air Force, US Navy, CNN, US Navy Blue Angels, US Air Force Thunderbirds, hometown Cleveland National Air, South, McDonnell, US, Korean, Wright, Daegu Air Base, Daegu, General, KF, Korean Air Force, South Korean Air Force Korea Aerospace Industries, Phantoms, Boeing, South Korean Airforce, Suwon Air Base Locations: Suwon, South Korea, Midway, Japan, Vietnam, North Korea, Seoul, Greece, Turkey, Iran, Daegu, Ohio, Korean, South Korean

Search resuls for: "General"

25 mentions found