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☆ Less than 40% of renters earn enough money to afford the median US apartment
▼ + stars: | 2024-06-24 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +1 min

The median US apartment is unaffordable for 61% of renters, according to a new Redfin analysis. That's due to the climb in rent prices during the pandemic, with the median rent surging 23%. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRents in the US are so expensive that less than half of renters can afford the typical US apartment, according to a new analysis from Redfin. That means just 39% of renters can afford to pay the median monthly rent of $1,653, assuming that renters spend 30% or less of their income on housing a month.

Persons: Redfin, — Organizations: Service, Business

☆ Recent High School Grads: Tell Us Why You Decided to Go to College or Not
▼ + stars: | 2024-06-24 | by ( Jeanna Smialek | More About Jeanna Smialek | ) www.nytimes.com time to read: +1 min

Polls, enrollment statistics, social media posts and education economists agree: We are seeing a growing skepticism of college among many American teenagers and their parents. That is why we want to hear from people who have graduated high school in the past several years or who are graduating in 2025. How are you thinking about your decision to attend college? I will read every response to this questionnaire as I’m researching my article, because I’m looking for a wide array of perspectives to inform my reporting. I will not use your contact information for anything but my reporting, and I won’t share it outside our newsroom.

☆ A learning mindset is critical for success says Haleon's US CMO Katie Williams
▼ + stars: | 2024-06-24 | by ( Julia Hood | ) www.businessinsider.com time to read: 1 min

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☆ Prosecutors recommend DOJ file criminal charges against Boeing: report
▼ + stars: | 2024-06-24 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +1 min

US prosecutors recommended the DOJ file federal criminal charges against Boeing, Reuters reported. In May, officials found the company violated a 2021 settlement agreement related to two fatal crashes. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS prosecutors have recommended that the Justice Department file federal criminal charges against Boeing for violating the terms of a 2021 settlement related to two fatal crashes, Reuters reported, citing two sources familiar with the matter. In May, officials found that Boeing had violated the terms of a 2021 settlement related to two fatal crashes in 2018 and 2019.

Persons: — Organizations: Boeing, Reuters, DOJ, Service, Justice Department, Federal Aviation Administration, Business

☆ Trade between the US and Germany is growing. Concerns over China might be driving the shift.
▼ + stars: | 2024-06-24 | by ( John Towfighi | ) www.businessinsider.com time to read: +6 min

Trade between the US and Germany was 63.2 billion euros in the first quarter of 2024, edging out the 60 billion euros of trade between China and Germany, according to data from the German government. AdvertisementElectric vehicles are causing riftsAutomobiles are at the center of a new dispute between China and Germany. Nearly a third of German car sales in 2023 came from China, according to Reuters, leaving the industry vulnerable to a trade war. The slump in German exports to China is a sign of vulnerability in trade relations, according to the FT. In 2022, trade between China and Germany was 50 billion euros greater than that between Germany and the US.

Persons: —, Biden, EVs, Robert Habeck, Habeck, Oliver Rakau, Martin Wolf Organizations: Service, Business, European Union, Bloomberg, European Commission, BMW, Porsche, Volkswagen, Reuters, EU, European Union Chamber of Commerce, Atlantic Council, Oxford Economics, US, Trump, Biden Locations: China, Germany, Russia, Ukraine, West, Beijing, European, materializing, Red, Europe, Brussels

☆ Singaporean swimmer Toh Wei Soong hopes for a medal in his second Paralympic bid
▼ + stars: | 2024-06-24 | by ( Vivien Soo | ) www.cnbc.com time to read: +1 min

Toh, a Singaporean freestyle and butterfly swimmer, is setting his sights on medaling at the 2024 Paris Summer Paralympic Games. The 2024 Paris Games offer Singaporean para-athlete Toh Wei Soong a second chance. After narrowly missing out on the podium at the 2020 Tokyo Games, Toh is hoping to medal when he competes in the Paralympic Games this summer. Toh started swimming regularly for physiotherapy, but it quickly became much more than that. But pursuing those dreams meant Toh spent up to 24 hours a week in rigorous training, which often meant skipping social outings or holidays.

Persons: Toh, Toh Wei Soong Organizations: Paralympic Games, Games, Paralympic, CNBC

☆ How to Live to 100: An expert warns against taking health advice from centenarians
▼ + stars: | 2024-06-24 | by ( Brady Elliott | University Of Westminster | ) edition.cnn.com time to read: +6 min

It seems obvious but survivorship bias is everywhere in society. We’re currently studying over 65-year-olds who have maintained unusually high levels of exercise into older age and have maintained excellent health. READ MORE: Why married people live longerWhile we know that their lifelong exercise is associated with their unusually good health into older age, we can’t directly say one causes the other yet. But often, like in survivorship bias, we’re not looking at all the data, and so finding patterns where there are none. Bradley Elliott receives funding from the Physiological Society, the British Society for Research on Ageing, the Altitude Centre, and private philanthropic individuals.

Persons: Bacon, Abraham Wald, Wald, “, ”, That’s, We’re, Bradley Elliott Organizations: CNN, Physiological Society, British Society for Research, Ageing

☆ Hunter Biden officially seeks new trial in gun case, citing supposed procedural hiccup
▼ + stars: | 2024-06-24 | by ( Tierney Sneed | ) edition.cnn.com time to read: +1 min

CNN —Hunter Biden is requesting a new trial in his federal gun case, with his lawyers claiming that there was a procedural issue in the timing of the early June trial that resulted in a guilty verdict against him. His lawyers claim that the trial court did not have jurisdiction over his case because of appeals that he had filed challenging his prosecution. The defense team says that the conviction must be wiped away because, even though the appeals court had rejected the appeals by the time the trial started, it had not issued what’s known as a “mandate” – the procedural maneuver that effectively notifies a lower court of ruling made by a higher court in an appeal. Biden’s lawyers are pointing to the absence of a mandate sending the case back to the trial court after the 3rd US Circuit Court of Appeals handed down rulings rejecting two of his appeals in late May. “The Third Circuit, however, did not then and has not yet issued its mandate as to the orders dismissing either appeal,” his lawyers wrote.

Persons: CNN — Hunter Biden, “, ”, Maryellen Noreika, Biden’s Organizations: CNN, US

☆ Best Ranger Competition 2024: See photos of the murderous 3-day event winners endured
▼ + stars: | 2024-06-24 | by ( Lauren Frias | ) www.businessinsider.com time to read: +1 min

Newcomer team named Best RangerUS Army 1st Lt. Andrew Winski and Sgt. Mathew Dunphy hold up their SigSauer P320-M17 pistols next to the Best Ranger Competition Trophy. Matthew Dunphy — earned the highest cumulative marks out of all 56 teams, granting them the title of Best Ranger. Both first-time competitors, the duo represented the 75th Ranger Regiment, marking the fourth year in a row that members of the unit won the competition. Winski said he was "truly grateful" for the opportunity to participate in the competition and show "what the Army's Ranger Regiment is and … what kind of Rangers we produce."

Persons: Andrew Winski, Mathew Dunphy, Justin Yarborough, Matthew Dunphy —, Winski, James Mingus, Mingus Organizations: Ranger US Army, US, Spc, 75th Ranger Regiment, Army's Ranger, Rangers

☆ The Mysterious, Deep-Dwelling Microbes That Sculpt Our Planet
▼ + stars: | 2024-06-24 | by ( Ferris Jabr | ) www.nytimes.com time to read: +2 min

Beneath the pit, some 370 miles of tunnels twist through solid rock, extending more than 1.5 miles below the surface. For 126 years, this site in Lead, S.D., housed the Homestake Mine, the deepest and most productive gold mine on the continent. In 2006, the Barrick Gold Corporation donated the mine to the state of South Dakota, which converted it into the largest subterranean laboratory in the United States, the Sanford Underground Research Facility. Although the lowest tunnels flooded after mining ceased, it is still possible to descend nearly a mile beneath the planet’s surface. Most of the scientists who do so are physicists conducting highly sensitive experiments that must be shielded from interfering cosmic rays.

Persons: scientists Organizations: Barrick Gold Corporation, Sanford Underground Research, Sanford Locations: North America, South Dakota, United States

How to watch Australia vs. India in the USThe Australia vs. India game will live stream on Monday at 10:30 a.m. Check price at FuboHow to watch Australia vs. India in the UKThe Australia vs. India game will be available via Sky Sports in the UK. How to watch Australia vs. India in AustraliaThe Australia vs. India game will be available through Prime Video in Australia, where subscriptions start at $9.99 a month. How to watch Australia vs. India in IndiaThe Australia vs. India game will live stream free through the Disney+ Hotstar mobile app in India. How to watch Australia vs. India in South AfricaThe Australia vs. India game will live stream on DStv in South Africa.

Persons: you've, we've, Sling's Desi, Fubo, ExpressVPN Organizations: Business, ICC, Australia, Willow, Sling, Sky Sports, Sky's, Disney, Cricket Locations: India, Australia, South Africa

☆ Jain Global, the most anticipated new hedge fund in years, is about to make its debut. An architect of the manager explains how it will be different.
▼ + stars: | 2024-06-24 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +12 min

The launch of Jain Global has dominated industry gossip since its founder left Millennium Management, where the 53-year-old Jain was Izzy Englander's right-hand man, in late 2022. And more specifically, scalability without incremental cost," Jonathan Barton, the firm's chief operating officer, said in an interview with BI. Starting from a clean sheet of paper gave Jain Global certain advantages, said one senior banker who worked closely with the new manager as it built out its teams and systems. 3Forge, a specialty-software provider, worked with Jain Global to build the interface that connects all the systems for PMs, the risk team, and management. In five to 10 years, Jain Global hopes it won't need a sprawling business-development function because a strong talent pipeline will have developed inside the firm.

Persons: —, Bobby Jain's, Jain, Izzy Englander's, It's, Morgan Stanley, Griffin's, Steve Cohen's Point72, Michael Gelband's, redemptions, Jonathan Barton, Barton, — Barton, it's, Bobby, Paul Enright, Sam Kellie, Smith, David Hochberg, Enright, Hochberg, there's, Jon Caplis, Caplis, they're Organizations: Service, Jain Global, Millennium Management, Business, UBS, Citadel, Bank of America, Meru Capital Group, Jain, Credit Suisse, Viking Global, Macquarie, Investors, Bloomberg Locations: Singapore, Balyasny, New York, Houston, London, Hong Kong, York, Lane, Meru, Asia, PivotalPath

☆ The oil market is at risk of a supply shortage as peak demand is still 10 years away, Goldman Sachs says
▼ + stars: | 2024-06-24 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Oil demand will rise for another 10 years, though producers are pulling back on new investment. The bank estimated oil demand would peak around 110 million barrels a day in 2034. AdvertisementThe global oil market could run into a supply shortage as peak demand is still a decade away, according to Goldman Sachs analysts. That's due to rising oil demand in Asia and increasing demand for petroleum products, the analysts said. "While peak oil demand is still a decade away, capital is slowing for the production of crude oil and oil products, contributing to constrained supply in the medium term," they later added.

Persons: Goldman Sachs, —, Nikhil Bhandari, Amber Cai, Brent Organizations: Service, ExxonMobil, Chevron, Oil & Gas Journal, Goldman, US Energy Information Agency Locations: Asia, OPEC, Saudi Arabia

☆ US soldiers just put the Army's new Precision Strike Missile to the test against a moving sea target in the Pacific
▼ + stars: | 2024-06-24 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

Read previewThe US Army tested its new strike missile against a moving sea target in the Pacific earlier this month. The recent strike marked a "significant milestone" in the development of the new Precision Strike Missile, the Army said. The PrSM, a next-generation long-range precision strike weapon, will eventually replace the older MGM-140 Army Tactical Missile Systems, or ATACMS. The exercise involved the US Army's prototype Autonomous Multi-Domain Launcher and two Precision Strike Missiles, which were "able to engage a moving maritime target in conjunction with other Joint assets." An Army Tactical Missile System during live-fire testing at White Sands Missile Range in New Mexico on December 14, 2021.

Persons: —, Lockheed Martin, White, John Hamilton, Technology Doug Bush Organizations: Service, US Army, Army, MGM, Tactical Missile Systems, Business, Valiant, High, Artillery Rocket Systems, Systems, Lockheed, Pentagon, Army Tactical Missile System, White, Artillery, Acquisition, Logistics, Technology, Ship Locations: Palau, Cleveland, Austin, New Mexico, China

☆ Opinion: Is Trump’s UFC vs. migrant fighting league his worst ever idea? Almost
▼ + stars: | 2024-06-24 | by ( Dean Obeidallah | ) edition.cnn.com time to read: +6 min

Trump first asked the audience if they had ever heard of Dana White, the head of the Ultimate Fighting Championship (UFC). From there, Trump boasted that he had told White: “Why don’t you set up a migrant league of fighters and have your regular league of fighters. Obviously, Trump’s point in his migrant UFC proposal was that despite the toughness of the professional UFC fighters, the migrants coming to America are actually stronger, tougher and more dangerous. That moment came when Trump told the audience that the UFC president didn’t like the migrant fight league idea, adding, “But actually, it’s not the worst idea I’ve ever had.”Trump is telling the truth there: Musing about a migrant fighting league is vile — but it’s not his worst idea. Trump proposing a dehumanizing physical battle between migrants who would then fight the UFC champions — which conjures up Roman gladiator matches — is simply more evidence of Trump’s depravity.

Persons: Dean Obeidallah, Donald Trump’s, I’ve, —, Trump, Dana White, White, ” Trump, Jesus Christ, Matthew, “, Adolf Hitler, Mein, didn’t, it’s, Facebook There’s, Donald Trump, ”, It’s Organizations: CNN, Dean Obeidallah CNN, of, UFC, Twitter, Facebook, Washington, Capitol Locations: United States, America

☆ Why America's housing-affordability crisis will continue through at least 2026, according to BofA
▼ + stars: | 2024-06-24 | by ( Filip De Mott | ) www.businessinsider.com time to read: +1 min

Prices will edge up over the next two years, Bank of America said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe pandemic-era housing boom hasn't worn off and should keep price momentum going until at least 2026, Bank of America said. The bank wrote on Monday that the US housing market will appreciate 4.5% and 5% this year and next. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Bank of America, Service, Business

☆ My partner and I were worried about starting a business together, but it's only made us stronger
▼ + stars: | 2024-06-24 | by ( Tawny Lara | ) www.businessinsider.com time to read: +6 min

Almost all business books will tell you not to mix business with pleasure. To me, hearing "Don't start a business with your partner" sounds as outdated as "Choose a company with a good pension, and you're set for life." Complications are bound to arise from all interpersonal relationship dynamics, so why not start a business with someone who knows you inside and out? For all the aforementioned reasons, starting a business with my husband has actually strengthened our relationship. Running a business, especially with your partner, is one day at a time, too.

Persons: Nick, we've Organizations: Service, Department of Agriculture

San Miguel Gate, Tohono O’odham Nation CNN —The thermometer hit 111 Fahrenheit as we rolled up to a battered tent deep in the Tohono O’odham Nation reservation in Arizona. Chairman Verlon Jose, leader of the Tohono O’odham Nation, considered addressing them, and then turned away. CNNPeople wait to be taken in by Border Patrol after crossing the US-Mexico border near the San Miguel gate on the Tohono O'odham reservation, Arizona in June 2024. Evelio Contreras/CNNYou could drive for miles on the sprawling Tohono O’odham reservation without encountering anyone beside the free-ranging cattle. Some Tohono O’odham Nation members put out water or food for the migrants, others are afraid to.

Persons: Verlon Jose, ”, Evelio Contreras, Jose, ” Jose, Katie Hobbs, we’re, Annette Mattia, “ We’re, you’ll, ” Annette Mattia, “, Ariel Mattia, Raymond Mattia's, who’ve, CNN –, ” Norma, You’ve, ain’t, Mike Wilson, ” Wilson, Raymond Mattia, ” “, Mattia, Biden, That’s, Trump, CNN’s Rachel Clarke Organizations: CNN, Patrol, Border Patrol, US Border Patrol, US Customs, Border Protection, CNN CNN, Customs and Border Protection, CBP, San, CNN Migrants, CNN Border Patrol, CNN Security, US, Plymouth Rock Locations: Miguel Gate, Arizona, Pima County , Arizona, Mexico’s, Cortez, Mexico, United States, San Miguel, Arizona’s Tucson, Menagers, , Arizona, Pima County, America, Tucson, Arizona's, illegals, American, Atlanta

☆ The stock market is having its best election year ever
▼ + stars: | 2024-06-24 | by ( Nicole Goodkind | Matt Egan | ) edition.cnn.com time to read: +9 min

The S&P 500 alone has generated an average return of 7% during presidential election years since 1952, according to LPL Financial. If you limit that to election years in which the incumbent president is running for reelection, the average jumps to 12.2%. Yes, but: Market volatility in an election year tends to pick up in October and there are many months left in this cycle with potential surprises to come. “An autumn pullback fits well time wise with potential downside earnings revisions, make-or-break decision time for the Fed, and election uncertainty. The first round of the French election will be held on June 30, with a second round on July 7.

Persons: Goldman Sachs —, Ed Clissold, Ned Davis, they’re, It’s, Goldman Sachs ’ Scott Rubner, “, ”, Mark Hackett, Scott Chronert, Goldman Sachs, Joe Biden, Donald Trump, Jim Reid, There’s, Emmanuel Macron, Katie Nixon, Chris Isidore ., they’ve, Samantha Murphy Kelly, ChatGPT —, Siri —, OpenAI, Siri, ChatGPT, hasn’t, — Organizations: London CNN — Traders, Investors, White, Ned, Ned Davis Research, Nasdaq, Citigroup, Goldman, Barclays, Deutsche Bank, UBS, Deutsche, Fed, United, Labour Party, Renaissance, Northern Trust Wealth Management, Alaska Airlines, Alaska —, Southwest —, Southwest, Railway Labor, Apple, Apple Intelligence, Microsoft, Google, Meta, Samsung, Cyberspace Administration, Wall, IDC Locations: United States, France, “, Alaska, China

Citi analyst Andrew Kaplowitz upgraded his rating for the heating and ventilation company to buy from neutral. The analyst accompanied the move by upping his price target to $74 from $65, implying that shares of Carrier Global could rally 17% going forward. The financial institution raised its price target for Nvidia to $150 from $135. Analyst Erin Wright stood by her overweight rating on the health insurance stock, reiterating her $595 price target. Wright set a price target of $374, which is 23% higher than the insurance company's Friday closing price of $355.48.

Persons: Goldman Sachs, Andrew Kaplowitz, CARR, Kaplowitz, — Lisa Kailai Han, Jefferies, Blayne Curtis, kingmaker, Curtis, Lisa Kailai Han, Morgan Stanley, UnitedHealth, Morgan Stanley's, Erin Wright, Wright, Bernstein, Stephen Reitman, Ferrari, Reitman, Ferrari's, Sanjeet Aujla, Aujla, BUD, Christopher Danely, Danely, James Schneider, Schneider, Fred Imbert Organizations: CNBC, Monday, Citi, Micron Technology, IBM, Carrier Global, Carrier, Nvidia, Humana, Ferrari, UBS, Anheuser, Busch InBev It's, Busch InBev, Micron, Citi Citi, Dow Jones Industrial, Dow Locations: China, UnitedHealth, U.S, Friday's

☆ Jude Law and Alicia Vikander Talk Smells, Sex Scenes in 'Firebrand'
▼ + stars: | 2024-06-24 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +14 min

AdvertisementIn a joint interview, the two discuss what it was like making "Firebrand," from working with Law's decaying-body perfume to the movie's unexpectedly "hilarious" sex scenes. Jude Law and Alicia Vikander in "Firebrand." Jude: I use it quite a lot because, as Alicia said, it's a really good way of... You've got to step into these characters every day. There are a lot of frankly kind of gross sex scenes that really drive home just the unbalanced, fraught nature of Henry and Katherine's relationship. Jude Law and Alicia Vikander in "Firebrand."

Persons: Jude Law, Count Alexei Alexandrovich Karenin, Joe Wright's, Anna Karenina, Alicia Vikander, —, Oscar, Kitty, Karim Aïnouz's, King Henry VIII's, Katherine Parr, Parr, Anne Boleyn, she's, Karim, Law, Katherine, Larry Horricks Jude, Alicia, Jude, I'd, Joe Wright, it's, You've, Henry, that's, Larry Horricks, I've, would've, there's, Everyone's, Vikander, Ripley, Irma Vep, you'll, Raff, Monica Schipper, John Nacion, WireImage Jude, Glen Powell, It's Organizations: Business, Law, Netflix Locations: South Africa

☆ Prosecutors urge Justice Department to file criminal charges against Boeing over 737 Max
▼ + stars: | 2024-06-24 | by ( Chris Isidore | Evan Perez | ) edition.cnn.com time to read: +4 min

New York CNN —Prosecutors are urging the US Justice Department to file criminal charges against Boeing for safety issues surrounding its 737 Max, although top Justice Department officials haven’t made a final decision, a source familiar with the development tells CNN. And this month a group of those family members wrote a letter to the Justice Department urging Boeing be hit with the maximum possible $24.9 billion fine. The charges against Boeing don’t mean any Boeing executive will face charges as an individual. It has posted core operating losses of $31.9 billion since the start of the 20-month grounding of the 737 Max that followed its second fatal crash in 2019. But if the company faces criminal charges, a new settlement is the most likely outcome.

Persons: haven’t, Max, Richard Aboulafia Organizations: New, New York CNN — Prosecutors, US Justice Department, Boeing, CNN, Alaska Air, Justice Department, Federal Aviation Administration, FAA, Reuters, Justice, Department of Defense Locations: New York, Alaska

☆ Simone Manuel wins 50m freestyle at US Olympic swimming trials as she continues return from overtraining syndrome
▼ + stars: | 2024-06-24 | by ( George Ramsay | ) edition.cnn.com time to read: +2 min

CNN —Simone Manuel claimed a tight victory in the women’s 50-meter freestyle at the US Olympic swimming trials on Sunday, edging out Gretchen Walsh by 0.02 seconds. Manuel, a five-time Olympic medalist, recorded a time of 24.13 seconds at Indianapolis’ Lucas Oil Stadium, almost half a second faster than her qualifying time. Having already earned a spot at this year’s Paris Olympics as a relay swimmer, the victory means that Manuel will also contest an individual event at her third Games. Al Bello/Getty ImagesAt the 2016 Rio Olympics, Manuel became the first Black woman to win a gold medal in an individual swimming event with her joint victory in the 100m freestyle, while she also won silver in the 50m freestyle. The Paris Olympics get underway on July 26, with swimming events beginning the follow day.

Persons: CNN — Simone Manuel, Gretchen Walsh, Manuel, overtraining, “, ” Manuel, Al Bello, –, Bobby Finke, David Johnston, Luke Whitlock Organizations: CNN, Indianapolis, Lucas Oil, Tokyo Games, Paris, Games, Paris Olympics Locations: Texas, Tokyo

☆ Stock market today: US stocks slip as Nvidia sell-off drags tech lower
▼ + stars: | 2024-06-24 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

US stocks were mostly lower on Monday, driven by a sell-off in tech stocks led by Nvidia. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementUS stocks traded mostly lower on Monday, driven by a continued sell-off in technology stocks. Nvidia led the tech sector lower, falling about 5% and down about 14% from its record high reached last week. AdvertisementFed President Mary Daly said that the US labor market is showing signs of an inflection point that could ultimately turn lower.

Persons: —, Ray, Wang, Mary Daly, Daly Organizations: Nvidia, Service, Wall Street, Constellation Research, CNBC, PCE Locations: Here's

☆ Jay Slater: Search continues for teenager missing in Tenerife for a week
▼ + stars: | 2024-06-24 | by ( Jack Guy | ) edition.cnn.com time to read: +3 min

CNN —Authorities on the Spanish island of Tenerife continue to search for British teenager Jay Slater, who has been missing for a week after attending a music festival. Slater, 19, went missing after attending the NRG festival in the south of the island, and was last heard from between 8 and 9 a.m. local time (3-4 a.m. The campaign was organized by a friend of Slater’s named Lucy Mae, who said she had left the festival before Slater on Sunday. A search-and-rescue team looks for Slater near where he was last seen in Tenerife. Slater’s disappearance comes after a spate of tourists going missing in sweltering temperatures in Greece.

Persons: Jay Slater, Slater, Slater’s, Lucy Mae, James Manning, “, ”, Jay’s, Monica Garrett, Garrett Organizations: CNN, Authorities, NRG, Guardia, Guardia Civil, Lancashire Police Force, United, Foreign Locations: Tenerife, Guardia, Slater’s, Lancashire, England, British, Spain, Spanish, Africa, Greece

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