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☆ The markets saw right through China's latest economic support hype
▼ + stars: | 2024-10-09 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

China's stock markets slumped after a 10-day rally that was driven by Beijing's stimulus announcement in September. Retail investors dominate China's markets, influencing sentiment and market movements. AdvertisementChina's top leadership has a problem with its economic stimulus: its own investors at home saw right through the hype this week. China's domestic stock markets slumped on Wednesday after a 10-day blitz culminated in a two-year high. China's domestic stock markets are dominated by over 200 million mom-and-pop retail investors, who account for about 70% of the trading volume.

Persons: —, weren't, Jun Rong, that's, Vishnu, Li Qiang, Hele Qiao, Qiao Organizations: Investors, Service, People's Bank of China, Reform Commission, BofA Global Locations: Shanghai, Shenzhen, China, Hong Kong, Beijing, Asia, Japan, Xinhua, Greater China, China's

☆ I've been to 86 countries and learned to travel on a budget. I book tours once I'm in the country and embrace public transportation.
▼ + stars: | 2024-10-09 | by ( Jennifer Sizeland | ) www.businessinsider.com time to read: +6 min

Since then, I've been to 86 countries and have learned how to travel on a budget. I book directly with local businesses and I embrace public transportation, among other things. Now, 20 years later, I've visited 86 countries on a shoestring budget. It feels more ethical, too, as our money went straight to people living by the river instead of a tour company based elsewhere. If that is the case, make sure to book the tours while you're in the country, as it will save you money.

Persons: I've, —, who'd, Jennifer Sizeland, we'd Organizations: Service, Raffles Locations: Tanzania, Borneo, Chile, Argentina, Tunisia, Carthage, South, Southeast Asia, Baku, The Gambia, Singapore

☆ Rare Monet returned to family more than 80 years after it was stolen by Nazis
▼ + stars: | 2024-10-09 | by ( Hannah Rabinowitz | ) edition.cnn.com time to read: +1 min

CNN —A Claude Monet pastel painting stolen by Nazis during World War II, which vanished for decades only to show up with a Louisiana art dealer, was returned Wednesday in New Orleans to the descendants of its original owners. The Monet was then purchased at auction by a Nazi art dealer and disappeared in 1941. A New Orleans-based antiquities dealer purchased it then sold it to a couple in Washington state. Since then, the FBI has been working to return the Monet to the Parlagi’s granddaughters, and the handoff was made Wednesday. The Parlagi family is still searching for several other art pieces stolen by the Nazis, including a signed Paul Signac watercolor from 1903 that was sold to the same Nazi art dealer as the Monet.

Persons: Claude Monet, ”, Adalbert, Hilda Parlagi, Monet, Paul Organizations: CNN, FBI Locations: Louisiana, New Orleans, Houston, Austria, Vienna, Nazi, France, Washington

The last thing she heard her son scream was, “Jesus, please save me!”Days later, the heartbroken mom was mourning her 7-year-old son Micah, her 73-year-old parents, Nora and Michael, and she was thanking God for saving her. “I see my mom floating by and she’s screaming: ‘Micah! Micah!’” Drye said. As she struggled to stay above the water, Drye said, she was smacked by debris coming from every direction. There were no more landings.”But Drye let go.

Persons: Megan Drye, Hurricane Helene, Drye, “ Jesus, Micah, Nora, Michael, “, ” Drye, Helene, Jessica Turner, ” Michael, Megan Drye Drye, ‘ Micah, ”, weren’t, Heather Kephart, Turner, ‘ Jesus, ’ ” Organizations: Facebook, Mission Locations: Asheville, North Carolina, Florida, Buncombe County, Texas, N.C, Minnesota

☆ China economy: Government gives $28 billion to local governments as it vows to meet economic targets
▼ + stars: | 2024-10-08 | by ( Juliana Liu | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —China has set aside 200 billion yuan ($28 billion) for investment projects by local governments this year, as it promised to meet its own ambitious economic growth targets. China announced a 5% target growth rate in March, but a series of economic data over the summer has been so weak that economists were worried the goal might be missed. To help local governments struggling with mountains of debt, Beijing will provide 100 billion yuan ($14 billion) from the central government’s budget and an extra 100 billion yuan for investment projects, Zheng said. Nevertheless, investors were disappointed at the lack of details on new fiscal measures,” Fred Neumann, chief Asia economist for HSBC, told CNN. Fiscal measures, on the other hand, can include the use of taxation or other measures to impact public spending more directly.

Persons: ” Zheng Shanjie, Zheng, Xi Jinping, Fred Neumann, What’s, Jia Kang, “, … Jia Kang, –, Xi, ” Organizations: Hong Kong CNN, National Development, Reform Commission, HSBC, CNN, “, Ministry of Finance, Citi, People’s Bank of China Locations: China, Hong Kong, Beijing, Asia, Shanghai, Shenzhen

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Organizations: Business, Casper, Pillow, Beckham

☆ Wall Street giants like Goldman quickly up their bets on Chinese markets amid stimulus promises
▼ + stars: | 2024-10-08 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Goldman Sachs is the latest in a flurry of calls to upgrade China stocks after the Asian giant's recent wave of stimulus measures. Goldman predicts that Chinese stocks could even jump a further 15% to 20%, given the powerful comeback rally that has already occurred. It says the MSCI China index could have another 15% upside, and the CSI 300 index could enjoy a further 18% upside. In a Monday note, Citi also increased its price target for Chinese stocks. Following that, Wall Street started getting bullish on those stocks again, with Morgan Stanley predicting Chinese stocks are set to rally 10% and more.

Persons: Goldman Sachs, Goldman, Morgan Stanley, —, Vishnu Varathan Organizations: CSI, Citi, Wall, BlackRock Investment Institute, Mizuho Securities Locations: China, China's

☆ What these homebuyers and owners told us an interest rate cut means to them
▼ + stars: | 2024-10-07 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

Last month, the Federal Reserve cut its benchmark interest rate by half a percentage point and signaled that more cuts are coming. He hopes interest rate cuts will increase his buying power. Mortgage rates have steadily fallen in anticipation of further interest rate cuts from the Federal Reserve. Mortgage rates have steadily fallen in anticipation of further interest rate cuts from the Fed, with the average 30-year fixed mortgage rate dropping to 6.12% in the week ended October 3, according to Freddie Mac. “Even a decent interest rate today far exceeds what we’ve been planning and budgeting on since we bought this home,” said Tony, who said his interest rate was 3.75%.

Persons: Robert Galvez, ”, Galvez, “, ” Galvez, Kamala Harris ’, homebuyers, Brandon Bell, Tony, Freddie Mac, it’s, Safiya Reid, Nico Williams, Reid, Nico Williams “ I’m, ” Reid, she’s Organizations: CNN, Federal Reserve, National Association of Realtors, Federal Housing Administration, NACA Locations: New Hampshire, Atlanta, Okinawa, Japan

☆ China's stock markets reopen tomorrow after a weeklong break. Investors — and social media — are buzzing.
▼ + stars: | 2024-10-07 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

China's stock investors and watchers are discussing the markets before they reopen. AdvertisementChina's investors are looking forward to some stock market action after the country's weeklong National Day break. AdvertisementChina's domestic stock markets are dominated by retail traders, who number over 200 million and account for about 70% of trading volume. Goldman Sachs, for one, has upgraded China's stocks to overweight and is forecasting another 15% to 20% upside to Chinese shares. China's stimulus measures include interest rate cuts and 800 billion yuan, or about $114 billion, to support the domestic stock markets.

Persons: —, Goldman Sachs Organizations: Service, Twitter, Weibo, Shanghai Stock Exchange Locations: China, Mainland, Beijing, Weibo, Hong Kong, Shanghai, Shenzhen

☆ China released a blitz of stimulus measures to boost its economy. Now begins the balancing game.
▼ + stars: | 2024-10-07 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

AdvertisementVarious Chinese ministries and local governments are likely to roll out a variety of stimulus measures in the coming weeks — useful or not, they added. China still has a massive property problem that's unlikely to be solved with one set of stimulus measures. China's stock markets, which are dominated by retail investors fixated on social media, are blistering hot. China's stock markets are closed for weeklong National Day public holidays and are set to reopen on Tuesday. "Stimulus measures could add more fuel to the fire when stock markets are already heated.

Persons: —, it's, Nomura, Freya Beamish, Rory Green, Ben Harburg, Larry Hu, Hu, Magdalena Polan, Polan, China's Organizations: Service, Global Data.TS, —, MSA, Macquarie Group, CSI, Nomura Locations: China, Saudi Arabia, Beijing, Harburg

☆ Harris weighs more breaks with Biden as he keeps injecting himself into the campaign
▼ + stars: | 2024-10-06 | by ( Edward-Isaac Dovere | ) edition.cnn.com time to read: +13 min

Neither aides in the Harris campaign nor the Biden White House would commit to another joint campaign event between now and the election. President Joe Biden speaks during a news conference in the Brady Press Briefing Room at the White House on October 4, 2024. “Joe Biden has delivered a whole lot for Pennsylvania — especially when it comes to infrastructure, energy jobs. “I don’t think president and the vice president are going to be exactly the same on every issue. “The president is all in to help get the vice president elected,” the senior adviser said.

Persons: Kamala Harris, Joe Biden, Harris, Biden, he’d, they’re, Donald Trump’s, “ I’ll, Tim Walz’s, Ohio Sen, JD Vance, hasn’t, Harris ’, Helene, ”, she’s, Debbie Dingell, “, Joe Biden ’, we’ve, ” Biden, “ She’s, dismissively, Florida Sen, Marco Rubio, Andrew Harnik, Liz Cheney’s, The Trump, bigfooted Harris, He’s, Mitch Landrieu, “ They’ve, ” Trump, Trump, Donald Trump, Josh Shapiro, “ Joe Biden, Brendan Boyle, ” Boyle, Arizona Sen, Mark Kelly, John Modlin, Rebecca Noble, ” Harris ’, Kelly, I’m, ” Kelly, he’s, can’t, don’t, “ That’s, ” CNN’s Gregory Krieg Organizations: CNN, White, Biden, Minnesota Gov, Michigan, Trump, Florida, Democratic, Biden White, Democratic Pennsylvania Gov, ” Democratic, US Border Patrol, Getty, Democrat, West Locations: Milwaukee, Pennsylvania, Germany, Angola, Minnesota, what’s, North Carolina, Michigan, Israel, Brady, Detroit, Trump, Philadelphia, Mexican, Mexico, US Border Patrol Tucson, Douglas , Arizona, AFP

☆ What the 1960 election can teach us about the peaceful transfer of power
▼ + stars: | 2024-10-06 | by ( Chris Wallace | ) edition.cnn.com time to read: +10 min

CNN —Editor’s Note: This essay is adapted from Chris Wallace’s book, “Countdown 1960.”The 1960 presidential election changed everything. Countdown 1960 is the riveting new history by Chris Wallace, bestselling author of Countdown 1945 and Countdown bin Laden, offering a fresh take on 1960 and the dramatic 11 months leading up to a deeply relevant election for the ages. To put it simply: There is good reason to believe the presidential election of 1960 was stolen. And yet, in 1960, the candidate who “lost” refused to contest the results and interfere with the peaceful transfer of power. Kennedy won Illinois and its 27 electoral votes by just 8,858 votes out of more than 4.7 million cast.

Persons: Chris Wallace’s, ”, John F, Kennedy, –, Caroline ”, – Kennedy, Chris Wallace, Random, Richard M, Nixon, Kennedy’s, Nikita Khrushchev, Dwight D, Eisenhower, “, Chicago Mayor Richard J, Daley, Sen, Lyndon Baines Johnson, Kentucky Sen, Thruston Morton, Somebody, That’s, Donald Trump, Joe Biden, ” Trump, Trump, you’re, Mike Pence, Pence, ” Nixon Organizations: CNN, Illinois, Chicago Mayor, Cook County Democratic, The Chicago Tribune, Republican, Democratic, Kentucky, Republican Party national, White House . Fox News, Electoral, Biden, Capitol Locations: Moscow, Cook County, downstate Illinois, Chicago, Cook, Chicago’s Ward, Nixon’s, Texas, Starr County, Illinois, Key Biscayne , Florida, America, Arizona

☆ China’s economy is in bad shape. Can its ‘whatever-it-takes’ stimulus effort turn things around?
▼ + stars: | 2024-10-06 | by ( Juliana Liu | ) edition.cnn.com time to read: +8 min

The stimulus measures should have come far sooner, says Lun, but better late than never. Beijing has largely held back on unveiling fiscal measures, which can include the use of taxation or other measures to impact public spending. Another one trillion yuan may be set aside for recapitalizing banks or helping indebted local governments to issue bonds. Jia said China’s economy had expanded sufficiently since then to support the issuance of Treasury bond financing between four trillion to 10 trillion yuan. Any meaningful stimulus measures must tackle the problem of oversupply in the property market, experts said.

Persons: Francis Lun, he’s, Lun, ”, we’re, Juliana Liu, Ray Dalio, Pan Gongsheng, Li Yunze, Wu Qing, Pan, Jing Liu, it’s, Xi, Jia Kang, Jia, Chi Lo Organizations: Hong Kong CNN —, Index, CNN, Geo Securities, Nikko Asset Management, Bridgewater Associates, National Development Reform Commission, People’s Bank of China, Financial Regulatory, China Securities Regulatory, HSBC, Reuters, Ministry, Finance, Ministry of Finance, China Academy of New, Barclays, BNP, Management Locations: China, Hong Kong, Causeway, Beijing, Renhuai

☆ Why Texas Latinos Are Shifting to the Right, Voting for Trump
▼ + stars: | 2024-10-06 | by ( Jack Herrera | ) www.businessinsider.com time to read: +18 min

Jordan Vonderhaar for BIIn late July, after Biden dropped out of the race, I traveled to Starr County to see why this longtime Democratic stronghold has been shifting steadily to the right. Like the mesquite and huisache that thrive in this arid climate, he has deep roots in Starr County. If any place embodies the dual identity among Latinos in Starr County, it's the Rancho Cafe in the tiny town of Roma. The Rancho Cafe — part Old West saloon, part Tex-Mex hangout — embodies the dual identity of local Latinos. Across the country, Latino Republicans say they feel more able to wear their politics on their sleeve.

Persons: Donald Trump, Alexis García, Trump, García, Bernie Sanders, Hillary Clinton, Starr, Trump's, —, baldy, he'd, — you've, Jordan Vonderhaar, MAGA, provocateurs, Joe Biden, Biden, Kamala Harris, hicks, In, Benito Treviño, Todos, Treviño, Treviño's, Toni Treviño, Toni, Harris, Aliriam Perez, Miguel de Alemán, Perez, Perez wasn't, George Floyd, they've, pollsters, Rick Guerra, Guerra, George W, Bush, Roel Reyes, TRUMP, Reyes, Jack Herrera Organizations: Democratic, Trump, Republican, BI, In Trump, South Texans, American, Democrat, Republican Party, Democratic Party, Republicans, Democrats, Alabama Dairy, Army, Texas Lone Star, Border Patrol, Local Democrats, Los Angeles Times, Texas Locations: New York City, Texas, Rio Grande City, Starr County, Trump, la, South Texas, Starr, America, American, Arizona, Nevada, MAGA, Hollywood, Rio Grande, Mexico, Benito, Houston, Roma, sipping, Mexican, West Texas, Alabama, Iraq, Afghanistan, Guerra's

☆ Israel’s kibbutz Be’eri became the symbol of Hamas’ brutality. Some survivors are determined to return
▼ + stars: | 2024-10-06 | by ( Matthew Chance | Yon Pomrenze | ) edition.cnn.com time to read: +6 min

Kibbutz Be'eri, Israel CNN —Scorch marks and bullet holes scar the battered walls of the Haran family home in kibbutz Be’eri. A child's ride-on toy is seen surrounded by rubble in kibbutz Be'eri, nearly a year after the Hamas-led October 7 attack. Aerial photographs show Kibbutz Be'eri after the October 7 attack, left, and as it was before. Yarden Tzemach, a farmer and surviving resident of kibbutz Be'eri, surveys the site where new construction is underway. “Kibbutz Be’eri has been my home for the past 56 years.

Persons: Israel CNN —, ”, Yarden Tzemach, Matthew Chance, “, Amit Solvy, Solvy, Be'eri, Yon Pomrenze, Yarden, Ayelet Hakim, ” Ayelet, Yehonatan, Be’eri, Jack Guez Organizations: Israel CNN, “, Hamas, CNN, Be’eri, That’s, Israel Defense Forces Locations: Be'eri, Israel, Be’eri, Gaza, Be’eri ., “, AFP

☆ When threats of violence at school flare up, parents in America face ‘an impossible situation’
▼ + stars: | 2024-10-05 | by ( Michelle Krupa | ) edition.cnn.com time to read: +9 min

The mass attack at Winder’s Apalachee High School was at least the year’s 45th school shooting in America. It typically gets 500 in a year, according to an academic study that claims it’s one of the first to quantify more than 1,000 threats of school violence over four academic years. Emily Elconin/Getty ImagesNo agency or group tracks all threats of US school violence, from possible gun attacks to bombings to any other conceivable danger. Atlanta Public Schools hadn’t warned caregivers so broadly of possible danger like this in at least a year, he said. The Fulton County Sheriff’s Office sent 11 motor and K-9 units to help that day, it later told CNN; the Atlanta Police Department deferred CNN’s questions to Atlanta Public Schools.

Persons: “ it’s, –, Emily Elconin, ”, Seth Coleman, didn’t, It’s, “, She’s, I’m, Coleman, she’d Organizations: CNN, Atlanta CNN, Atlanta Public, pinged, Apalachee High, Oxford High School, Psychological, Sheriff’s, Atlanta Public Schools, ., Atlanta Police Department, Atlanta Public Schools . School, ”, Infrastructure Security Agency, FBI Locations: Atlanta, Winder , Georgia, America, Georgia, Florida’s Volusia County, Michigan, Apalachee, Fulton, Winder, . School, ”

☆ Campus Protest Investigations Hang Over Schools as New Academic Year Begins
▼ + stars: | 2024-10-05 | by ( Zach Montague | More About Zach Montague | ) www.nytimes.com time to read: +1 min

With a new academic year well underway, more than 60 colleges and universities are still under federal investigation over antisemitic and Islamophobic incidents during the campus protests that swept the United States after the Oct. 7 attacks in Israel, according to the Department of Education. The Education Department’s Office for Civil Rights has opened inquiries into dozens of schools over the past year, checking for violations of Title VI of the Civil Rights Act of 1964, which prohibits discrimination based on ethnicity or race. Documents released by the department show that around 80 percent of the Oct. 7-related investigations it undertook stemmed from complaints about antisemitism, and that many of those complaints came to the department through conservative and pro-Jewish legal advocacy groups, including several founded by high-ranking former Education Department officials. Under federal scrutiny, which carries the risk of losing federal funding, dozens of schools still facing government inquiries have moved quickly to pre-empt large campus disruptions and enforce stricter limits on certain types of speech and demonstrations.

Organizations: Department of Education, Department’s, Civil Rights, Civil, Department Locations: United States, Israel

☆ I flew a Boeing 737 Max simulator and it gave me a new respect for just how hard being a pilot really is
▼ + stars: | 2024-10-05 | by ( Pete Syme | ) www.businessinsider.com time to read: +6 min

I tried out two flight simulators, including one for a Boeing 737 Max. AdvertisementI write about planes nearly every day at Business Insider, but trying out a Boeing 737 Max flight simulator gave me new insights into just how much skill and dedication is required to be a pilot. I was helped along the way by Matthew Yemm, a Skyborne flight instructor who spent a decade in the Royal Navy. Flying the 737 MaxThe more imposing simulator was that of a Boeing 737 Max. The entrance to the Boeing 737 Max simulator.

Persons: —, Matthew Yemm, Pete Syme, Max, Nick Heard, Skyborne, it's enthralling, Heard, wasn't, I'd Organizations: Boeing, Service, Business, Max, Gloucestershire Airport, Royal Navy, Royal Air Force, Cathay Pacific, MCC Locations: England, Gloucestershire

☆ Invasion of the dogs: How surging canine ownership is reshaping cities and businesses
▼ + stars: | 2024-10-05 | by ( Juliana Kaplan | Eliza Relman | ) www.businessinsider.com time to read: +14 min

The Dog Bar — a sprawling dog venue in Saint Petersburg, Florida —has had at least six (human) proposals, and one wedding. AdvertisementVirtually all US pet owners now say their furry companions are part of their family — up from 86% of dog owners and 78% of cat owners in 2006. "The dog today is not the dog of 10 years ago," Bobby Boivin, the co-owner of Boo's Dog Bar in Sarasota, Florida, said. And so we do that once or twice a year at Dog Bar." After adopting two puppies, he fell in love with a dog bar in his neighborhood.

Persons: —, Saint Petersburg , Florida —, It's, Kendal Kulp, Bobby Boivin, Stephanie Marble, Marble, Kyle Cissel, aren't, Cissel, Tara Downs, she's, Fred Metzler, Metzler, Luke Silverman, Stephanie Chez, Silverman, Kevin Knutson, Knutson, Kulp, they'd, That's, that's Organizations: Service, National Association of Realtors, Wall Street, American Pet Products Association, IKEA Locations: Saint Petersburg , Florida, Asheville , North Carolina, Sarasota , Florida, Florida, Santa, Washington, DC, Colorado, St . Petersburg , Florida, Sephora, Minnesota, Wagbar

☆ 33 top stocks to buy in a market with few undervalued investments: Morningstar
▼ + stars: | 2024-10-05 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Here are 33 of the firm's favorite stocks heading into a pivotal fourth quarter. Therefore, it's no shock that those growth stocks are responsible for the market's lofty valuation. AdvertisementMorningstar33 top stocks to ownIn Morningstar's fourth-quarter note, the firm designated 33 stocks as its top picks across sectors and groups like cyclicals, defensives, and economically sensitive companies. "To outperform, we think investors will need to look for contrarian investments and story stocks," Sekera wrote. Along with each company is its ticker, market capitalization, group, sector, rating, price target, upside to that target, and selected commentary from Morningstar.

Persons: —, Dave Sekera, Morningstar, Sekera Organizations: Morningstar, Service, Stocks

☆ Week 6’s top 10 college football games: Time to find out if Mizzou is a paper tiger?
▼ + stars: | 2024-10-04 | by ( Justin Williams | ) www.nytimes.com time to read: +10 min

Arizona similarly responded to a blowout loss to Kansas State with a road win at Cam Rising-less Utah. UCF (3-1) at Florida (2-2), 7:45 p.m., SEC NetworkFlorida head coach Billy Napier survived a road win at Mississippi State and subsequent bye week, now the hot-seat watch resumes in Gainesville. Rutgers, however, has an easy schedule by Big Ten standards, avoiding Ohio State, Oregon, Penn State, Michigan and Indiana. It’s also a potential trap game for Ohio State, with a road trip to Oregon next week and games against Nebraska and at Penn State on the horizon. Line: Ohio State -19.52.

Persons: Pitt, James Madison, Caullin Lacy, Brooks, Billy Napier, Cam Ward, Cal, Jaydn Ott, Ole Miss, Ole, Lane Kiffin’s, Miss can’t, Kyle Monangai, hasn’t, It’s, There’s, it’s, Luther Burden, Rick Ulreich Organizations: Georgia –, UNLV, Navy, Air Force, Oklahoma State, Clemson, Florida State, USC, Minnesota, SMU, ESPN, Notre Dame, BYU, TCU, ACC ., Texas Tech, Fox, . Texas Tech, Kansas State, Cam, UCF, SEC Network Florida, Mississippi State, Knights, Gators, NBC, Michigan, Washington, Rutgers, Miami, Cal, ESPN ACC, GameDay, Virginia Tech, Golden Bears, Rebels, LSU, Ole Miss, SEC, FBS, Purdue, Cornhuskers, Nebraska, Indiana , Ohio State, Big Ten, Big, Ohio State, CBS, Buckeyes, Hawkeyes, Penn State, Iowa State, ABC Tennessee, Oklahoma, Vols, Georgia, Arkansas, Hogs, ESPN’s, ABC, Boston College, Vanderbilt, Texas, Getty Locations: Georgia, Georgia – Alabama, North Carolina, West Virginia, ULM, Louisville, Arizona, Utah, Florida, Gainesville, The, Michigan, Washington, Texas, Berkeley, Miami, South Carolina, Kentucky, Oklahoma, Columbia, Nebraska, Illinois, Indiana ,, Ohio State , Oregon, Penn State , Michigan, Indiana, : Nebraska, Iowa, Ohio, Columbus, Oregon, Tennessee, Arkansas, Alabama, Missouri, Mizzou

☆ Red Lobster is a mess. Here’s why the new 35-year-old CEO wanted the job anyway
▼ + stars: | 2024-10-04 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +10 min

Red Lobster's new chief executive Damola Adamolekun during an interview with CNN at a Red Lobster in Long Island, New York, last week. CNNIn Springfield, he first ate at a Red Lobster with his parents and two siblings after church one Sunday. Red Lobster was where he, like millions of Americans, experienced eating lobster and cracking crab legs for the first time. Beyoncé sang about taking a romantic partner to Red Lobster in her 2016 hit song “Formation.”After Red Lobster filed for bankruptcy, Flava Flav ordered the whole menu to try to save the company. Red Lobster closed more than 100 restaurants this year, including a location in Orlando, Florida, shown this year.

Persons: Damola Adamolekun, “, ” Adamolekun, It’s, ”, Adamolekun, Bill Darden, Mills, Chris Rock, Nicki Minaj, Beyoncé, Flav, “ Mr, ” —, Kevin Lamarque, Clarence Otis Jr, RJ Hottovy, Hottovy, Adamolekun’s, ” Hottovy, ’, Red, Phelan M, can’t, John Paulson, Paulson, P.F, Chang’s, Morgan McClure, Fortress, ” McClure, Brandon Bell, isn’t Organizations: New, New York CNN, CNN, Fortress Investment, Fortress, Red, Boomers, Darden, Thai Union Group, Former Red Lobster, Thai Union, As Thai Union, Thai, Brown University, Harvard Business School, Paulson & Co Locations: New York, Long, , New York, Nigeria, Zimbabwe, Netherlands, Springfield , Illinois, United States, Long Island , New York, Springfield, America, Alexandria , Virginia, Olive, Thai Union, Thai, Orlando , Florida, P.F, Chang’s, Columbia , Maryland, New York City, Scottsdale , Arizona, Austin , Texas

☆ Alec Baldwin’s ‘Rust’ to premiere at Polish film festival
▼ + stars: | 2024-10-03 | by ( Lisa Respers France | ) edition.cnn.com time to read: +2 min

CNN —The movie “Rust” will premiere at a film festival next month, three years after cinematographer Halyna Hutchins will killed in a shooting incident on the set of the western. “The filmmakers will discuss events surrounding the film, offering insight into continuing production after Halyna’s death. Hutchins, 42, was killed by a live round of ammunition fired from a prop gun held by actor and producer Alec Baldwin. As part of the settlement agreement, Hutchins’ husband, Matthew Hutchins, was set to be an executive producer on “Rust” when it resumed filming. “Halyna’s story will serve as a starting point for a conversation about the role of women in cinematography and their contributions to the art of filmmaking,” festival organizers said of the premiere event.

Persons: Halyna Hutchins, Joel Souza, Bianca Cline, Stephen Lighthill, Hutchins, ”, Alec Baldwin, Hannah Gutierrez Reed, armorer, “, he’s, Baldwin, Hutchins ’, Matthew Hutchins Organizations: CNN, Hollywood Reporter Locations: Poland, Wyoming

Smith, in the 165-page document, provides the fullest accounting yet of evidence in his 2020 election conspiracy case against Trump, Pence’s former boss. Increased pressure on PenceTrump, after Pence told him he did not have the authority to decertify the election, began to up the intensity of his request, prosecutors say. On the call, Trump told Pence that “hundreds of thousands” of people “are gonna hate your guts” and “people are gonna think you’re stupid,” also calling Pence “too honest,” according to the filing. Hours before January 6On January 5, 2021, according to the filing, Trump once again met with Pence to allegedly try to pressure him not to certify the electoral college votes. Some of those inside the Capitol then later began chanting, “Hang Mike Pence!,” “Where is Pence?

Persons: Mike Pence’s, Joe Biden’s, Donald Trump, Jack Smith’s, Smith, Trump, Pence, Kamala Harris ’, –, Harris ’, Tim Walz, Sen, JD Vance, ” Walz, “, doesn’t, Walz, Harris, Mike Pence, ”, Biden, ” Trump, ’, Pence Trump, Pence –, John Eastman, Pence’s, Trump “, didn’t, ” Smith, —, Polantz, John Fritze, Devan Cole, Marshall Cohen Organizations: CNN, Trump, Capitol, Supreme, Republican Party, Electoral, White, Twitter, Electoral College Locations: York , Pennsylvania, Arizona, Georgia, Washington , DC

☆ Asia-Pacific markets trade mixed as investors weigh China stimulus, oil gains
▼ + stars: | 2024-10-03 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: 1 min

The Tokyo Tower, left, and commercial and residential buildings in Minato district of Tokyo, Japan, on Saturday, Oct. 1, 2022. Photographer: Akio Kon/Bloomberg via Getty ImagesSINGAPORE — Asia-Pacific markets traded mixed on Friday following losses on Wall Street, with concerns over Middle East tensions keeping investors on edge in the run up to September's U.S. payrolls report. Hong Kong's Hang Seng index futures were at 22,091, lower than the HSI's last close of 22,113.51. Markets in mainland China will reopen on Oct. 8. Chinese stocks had been on a tear after authorities announced a slew of support measures last week.

Persons: Akio Kon, Australia's Organizations: Bloomberg, Getty Images, Nikkei Locations: Tokyo, Minato district, Japan, Getty Images SINGAPORE, Asia, Pacific, China

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