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Dow gets a 500-point boost
  + stars: | 2024-09-09 | by ( David Goldman | ) edition.cnn.com   time to read: +2 min
The Dow rose 484 points, or 1.2%, on Monday. At one point earlier in the afternoon, the Dow was up more than 600 points. This week, investors will get another look at US inflation data, starting Wednesday morning with the Consumer Price Index report. The Fed has kept interest rates high to bring price hikes under control. Because consumer spending makes up the vast majority of America’s economy, the Fed almost always plunges the economy into a recession when it hikes rates — although that’s obviously not the goal.
Persons: Dow, Fear, That’s, , It’s Organizations: CNN — Investors, Dow, Nasdaq, CNN, Fed Locations: America
CNN —Plain water is the only thing visitors are allowed to consume inside the huge cavern at Carlsbad Caverns National Park in New Mexico. Cheetos are a no-go, and the recent park visitor who dropped a bag full of them created a “huge impact” on the cave’s ecosystem, park rangers said Friday in a Facebook post. “The processed corn, softened by the humidity of the cave, formed the perfect environment to host microbial life and fungi. Let us all leave the world a better place than we found it,” the post urged park goers. The Big Room at Carlsbad Caverns National Park is the largest single cave chamber by volume in North America.
Organizations: CNN, Locations: Carlsbad, New Mexico, Cheetos, North America
Musk's commitment to the issue of free speech, however, is otherwise spotty, if not outright hypocritical. The battle in BrazilIn Brazil, the battle got real for Musk. Starlink backed down, eventually complying with legal demands to block X in Brazil, but Musk hasn't given up. AdvertisementMusk argues in memesFor now, Musk seems to be defending free speech (and X's presence in Brazil) by publicly attacking de Moraes. "But if Elon Musk doesn't act differently, I think X or Twitter will be blocked in Brazil for a long time."
Persons: , Elon Musk, Alexandre de Moraes, Narendra Modi, Moraes, Jair, Brazil's, Musk, de Moraes, Veridiana, Casey Newton, Donald Trump, Alex Jones, Pavel Durov, Durov, El Pais, X, Starlink, cosplaying, Luiz Inácio Lula da Silva, Lord Voldemort, Harry Potter, Mariana Valente Organizations: Service, Brazilian Supreme, Business, Electronic Frontier Foundation, Bloomberg, Twitter, Brazilian, SpaceX, Bolsonaro, Elon Locations: Brazil, Turkey, India
The auction house believes this to be the highest sum ever paid for an artwork at a Maine auction. Thomaston Place Auction GallerieLost from the recordsRembrandt scholar Gary Schwartz said a potential buyer had earlier sought his opinion on the Maine portrait. 03:09 - Source: CNNArt historian Volker Manuth, who authored publisher Taschen’s 2019 monograph “Rembrandt: The Complete Paintings,” told CNN he was also approached by a potential buyer of the Maine portrait. But inclusion in a major catalog, or the backing of a big auction house, can increase a painting’s value manyfold. Schwartz suggested that, should the Maine portrait receive similar endorsement, it might be revalued at up to $5 million.
Persons: Kaja Veilleux, , Veilleux, Rembrandt —, Rembrandt, Kaja, Gary Schwartz, , Schwartz, ” Schwartz, “ Rembrandt, Volker Manuth, Taschen’s, , reattributed, Rembrandt ”, Sotheby’s, Winter Organizations: CNN, Philadelphia Museum of Art, Academy of Fine Arts, Radboud University, Research, Christie’s, New York Times Locations: Camden , Maine, Thomaston, Europe, Maine, Academy of Fine Arts Vienna, Netherlands, Philadelphia , Pennsylvania, Vienna
The controversial plan to regreen a desert
  + stars: | 2024-09-08 | by ( Laura Paddison | ) edition.cnn.com   time to read: +11 min
The Dutch engineer wants to transform a huge stretch of inhospitable desert into green, fertile land teeming with wildlife. “The only holistic way out of this situation is with large-scale ecological regeneration”So-called desert regreening projects are not new, and this is one of a number around the world seeking to transform arid landscapes. Costfoto/NurPhoto/Getty ImagesFor van der Hoeven, it was further proof his plan could work. “The scale reaches a level that helps prove that restoration can be done on a planetary scale.”It would add to other huge desert regreening projects also underway. The project was scheduled to kick off this December, but conflict has slowed everything down, van der Hoeven said.
Persons: der Hoeven, , Van, van der Hoeven, Ali Moustafa, , Van der, der, it’s, John Liu, Wolfgang Kaehler, Liu, ” Liu, Susan Gardner, Gardner, Alice Hughes, ” Hughes, Raymond Pierrehumbert, Pierrehumbert, — “, Van der Heoven, He’s, Van der Hoeven Organizations: CNN, United Nations, World Bank, UN, Hong Kong University’s School of Biological Sciences, University of Oxford Locations: Dutch, Africa, Asia, Maryland, Dubai, Lake Bardawil, Sinai, Bardawil, Egypt, China, California, Gansu Province, Yongjing, Gansu province, Nairobi, Hong, Gaza
Data analytics and decision-makingIn the digital economy, data is gold. Those organizations that leverage data and data analytics well can improve the customer experience and move out in front of competitors. With advancements in data analytics, companies can take advantage of real-time data processing, predictive analytics, and AI-powered analytics to make informed decisions quickly, Gilchrist said. AI, as neededYes, companies should continue to invest in AI solutions, but in many cases with a more discerning approach. "AI investments should focus on areas where automation, predictive analytics, or AI-driven insights can solve specific business problems or create new revenue streams."
Persons: Christopher Gilchrist, Forrester, Gilchrist, Janelle Hill, Hill Organizations: Gartner, IT, Investments
As they got older, I would give them a packing list and we'd pack things together. Our hotels were booked, but we had to figure out activities, meals, and transportation. In Japan, for example, my son went shopping one afternoon, so I visited some temples. My younger son went fishing at the resort, my older son went shopping with some friends he met, and I went SUP. Who knew traveling with teens could be so much fun?
Persons: , it's, I'd, I'm Organizations: Service, Business Locations: naps, Japan, Korea, Fiji
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CNNOver the last few decades, a growing number of Christians have left traditional, predominantly White evangelical churches. The post-evangelical movement predates former President Donald Trump’s political rise, but has been accelerated by his alliance with White conservative evangelical leaders. White evangelicals have been a key part of the Republican coalition since the 1980s. The exit polls estimated that 26% of 2016 voters and 28% of 2020 voters were White evangelicals. Still, Trump has maintained overwhelming support among White evangelicals since consolidating their support during the 2016 Republican primary.
Persons: North Carolina CNN — Larissa Miller, Billy Graham, Graham, she’d, ’ ” Miller, Miller, She’s, Larissa Miller, Donald Trump’s, It’s, who’ve, , Kamala Harris, Trump, Harris, , Matt O’Neil, Christian, Donald Trump's, Jordan Gale, Randall Balmer, , I’ve, David Gushee, Flamy Grant, televangelists, Shawn Bowers Buxton, ” O’Neil, MAGA, they’re, Critics, Karoline Leavitt, Joe Biden, ” Trump, Ralph Reed, Jimmy Carter, ” Reed, Ronald Reagan, “ There’s, Jesus, James Talarico, we’re, Donald, Doug Pagitt, God, ” Miller Organizations: North Carolina CNN, CNN, Fox News, Trump, , Watershed, Republican, Public Religion Research, New York Times, Episcopal, Dartmouth College, Mercer University, Trump –, News Service, Trump ”, & Freedom Coalition, Republicans, Democratic, White, Texas Democrat Locations: Charlotte, North Carolina, White, American, Cedar Rapids , Iowa, , Charlotte’s, Chantilly, Watershed, Charlotte , North Carolina, Independence, Israel, Texas, Georgia, Michigan , Wisconsin, Pennsylvania
But soon after graduating, McRuer made an unlikely early-career pivot, ditching his dependable product design job to pursue his passion for film. The 2019 graduate studied product design at Stanford's School of Engineering. The internship quickly evolved into a full-time product design position. He initially thought he could get his filmmaking fix via a hobby that played second fiddle to his engineering work. But McRuer said he was ultimately surprised by the overlaps he's seen working in both engineering and film — particularly when producing.
Persons: , Jason McRuer, McRuer, I'm Organizations: Service, Business, Stanford's School of Engineering, Sundance Film, Global Health Labs, City of Locations: LA, City, City of Angels, Coast, Brooklyn
Chase Bank said it was reviewing incidents of individuals who may have participated in an online check fraud "glitch" trend and referring them to law enforcement authorities. In fact, the meme was prompting users to commit check fraud by requesting cash they didn't have after depositing a phony check for the amount they were seeking. Criminal statutes on the severity of punishment for instances of check fraud vary by state. In California, misdemeanor check fraud charges can carry a one-year prison term plus financial penalties. In New York, misdemeanor check fraud can entail up to three months in jail and a fine.
Organizations: Chase Bank, Chase, Wall Street, NBC Locations: TikTok, In California, New York
Breaking Dawn was one of two places that opened in the San Francisco Bay Area last spring emphasizing brunch. Asian American restaurants in other cities have also found that sweet and savory spot between breakfast and lunch. Jessica Nguyen, 28, who was finishing brunch at Breaking Dawn, says she’ll almost always choose Asian brunch over regular eggs or waffles. Within the last few decades, Asian and Asian American cuisine has become more popular through media and savvy foodies. She doesn’t see other restaurants with Asian brunch as rivals.
Persons: Dawn, Liz Truong, Terry Tang, , Truong, Lerspreuk, Thanasit “ Toto ” Nanthasitsira, yum, , Chef Francis Ang, buttered, Jessica Nguyen, she’ll, Nguyen, Martin Manalansan, ” Manalansan, “ It’s, There’s, Eric Silverstein, Silverstein, we’re, ” Silverstein Organizations: GATOS, FO, Breaking, San Francisco Bay Area, NBC Asian Locations: Calif, Bay, sunnyside, Los Gatos, San Francisco Bay, San Mateo, Thailand, Francisco’s, China , Hong Kong, Taiwan, Austin , Texas, Tokyo, Atlanta, NBC Asian America
The unemployment rate also fell slightly, to 4.2% from 4.3% in July. For example, average job growth was 116,000 over the past three months; the three-month average was 211,000 a year ago. The unemployment rate has also steadily risen, from 3.4% as recently as April 2023. In other words, many more Americans entered the job market and looked for work; they're counted as unemployed until they find a job. That said, the job hunt has become more challenging for job seekers than in the recent past, according to Bunker.
Persons: Michael M, Ernie Tedeschi, Biden, hasn't, Julia Pollak, Bunker, " Tedeschi, Tedeschi Organizations: FedEx, Broadway, Santiago, Getty, of Labor Statistics, Yale Budget Lab, White House Council, Economic Advisers, Labor Department, ZipRecruiter, Workers, ., Federal Reserve Locations: New York City, U.S
Judge puts $2.78 billion NCAA settlement on hold
  + stars: | 2024-09-06 | by ( ) edition.cnn.com   time to read: +2 min
Reuters —The proposed $2.78 billion settlement of the House v. NCAA antitrust case is on hold after U.S. District Judge Claudia Wilken expressed reservations about the terms on Thursday in Oakland, California. Wilken stated her concern about provisions of the deal that could affect name, image and likeness (NIL) payments to student-athletes. She also voiced concern that future college athletes might be restricted by the pending revenue agreement, which will last 10 years. Currently, boosters can provide NIL payments to athletes that essentially serve as salaries. If they want to face that, it’s a decision they have to make.”The settlement would pay billions of dollars to current and former NCAA athletes.
Persons: Claudia Wilken, Wilken, “ I’m, ” Wilken, Rakesh Kilaru, Kilaru, we’ve, Jeffrey Kessler, It’s, it’s Organizations: Reuters, U.S, ESPN, NCAA Locations: Oakland , California
Pavel Durov, chief executive officer of Telegram, at the Mobile World Congress in Barcelona, Spain, on Tuesday, Feb. 23, 2016. The boss of messaging platform Telegram said late Thursday that charges against him by France are "misguided," in his first public comments since being detained in the country nearly two weeks ago. He cannot leave French territory and has to report twice weekly to a police station, prosecutors said last week. In his first public comments on the situation, Durov said Thursday that France's decision to detain and charge him was based on a "misguided approach. "Using laws from the pre-smartphone era to charge a CEO with crimes committed by third parties on the platform he manages is a misguided approach."
Persons: Pavel Durov, , Durov Organizations: Mobile Locations: Barcelona, Spain, France
But at the 11th Aging Research and Drug Discovery meeting in Copenhagen last week, the food was good. Noma cofounder Claus Meyer, who drafted the first New Nordic Food Manifesto, is also behind the company that catered ARDD 2024. Bright pink pickled onions, for example, provide a great flavor punch in the mix, but are also nice for your gut. Bright pink pickled onions, for example, provide a great flavor punch in the mix, but are also nice for your gut. But, for now, I have some ideas on how to make my lunches and snacks a little better for my longevity.
Persons: , Claus Meyer, Meyers, Hilary Brueck Meyers's, dieticians, Yum, Hilary Brueck, Eugen Chirita, that's, it's Organizations: Service, Aging Research, Drug, Business, Nordic Food, xmazepa Locations: Copenhagen, Denmark
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThis as-told-to essay is based on a conversation with Adam Caller, the CEO and founder of Tutors International. A child from a socioeconomically disadvantaged background who's struggling and a child from enormous wealth who's struggling are still both children who are struggling. The teachers who stay with us long term are the ones who don't get changed by the wealth around them. But if they talk about how they can help the children, I know they speak the right language.
Persons: , Adam, I'd, I've, We've, they've Organizations: Service, International, Business Locations: Switzerland, France, Greece, Italy
Brazil's X users, left casting about for a new platform, mostly started washing up on Threads and Bluesky. Everyone hadn't been on X; Brazil's social masses are primarily on TikTok, Instagram and Facebook . So as X went dark in this highly online country of 213 million, its users started migrating. Meta declined to provide specifics on Brazilian users. Bluesky gained 2.6 million users since last week, 85% from Brazil, the company said Wednesday, boosting its total to over 8 million.
Persons: Elon Musk, Jair Bolsonaro, Mauro Pimentel, Elon Musk's, X, Alexandre de Moraes, Shauna Wright, de Moraes, hadn't, Meta's Instagram, Wright, didn't, Mark Zuckerberg, Jack Dorsey, Cris Faga, Luiz Inácio Lula da Silva, Tatiane Queiroz, Bluesky, Jefferson Nascimento, Nascimento, Egerton Neto, , Jay Graber, Ton Molina Organizations: AFP, Getty, Brazilian, Facebook, Twitter, Associated Press, Meta, Federal Supreme Court, Elon, Nurphoto Locations: Copacabana, Rio de Janeiro, Brazil, San Francisco, Bluesky, Brazilian, Mato Grosso, Sao Paulo, Recife
It could have happened, too, to Nigel Ford, who became briefly famous for hitting a woman's car in an angry showdown over a parking spot. But, she told Business Insider, she didn't want to judge her employee for a clip spreading online. "He told me that he was waiting for a parking spot, and someone swooped in and got it," Saunders-Green said of Ford. "It pissed me off because, number one, I'm 50 years old and menopausal, and I'm a Black woman," Saunders-Green said. Danesh said he didn't watch Saunders-Green's video and has "no interest" in it, though he said she has every right to her opinion.
Persons: , Nigel Ford, Deena Saunders, Saunders, California's, Ford, We're, Green, Danesh, Manuela, TikTok Organizations: Service, Business, Green, Ford, Green Pines Media, Social Locations: Newport Beach , California
I would never say I regret my college experience, but I will say that it's impacted how I think about my son's. There are benefits to taking a year before going to collegeWhen done the right way, a gap year can provide possibilities. That's a major part of why I like this idea for my son if he chooses to do it. And, like a lot of young people, he might move in a direction that none of us can see coming just yet. However, the potential for a gap year to instill more responsibility and confidence in my son seems to outweigh this particular con in my mind.
Persons: I'm, That's, He's, he's Organizations: Service
At the height of their careers, the Gao Brothers created provocative sculptures of Mao in a country notoriously sensitive about its former ruler’s legacy. Due to the “deteriorating environment” in China, Gao Zhen relocated to New York two years ago when his son, an American citizen born in the US, reached school age, Gao Qiang said. “Before he set off, his friends and family — myself included — had all reminded him to consider whether it was safe to go,” Gao Qiang said. “Our father’s death was a devastating disaster for our family.” Gao Zhen told the Southern People Weekly, a once-outspoken news outlet, in 2010. Gao Zhen’s detention shows that freedom of expression in China has shrunk significantly compared to a decade ago, Gao Qiang said.
Persons: Mao Zedong, Gao Zhen, China’s, , Gao Qiang, Gao Brothers, Mao, Xi Jinping, “ Miss Mao, , Du Yinghong, , , ” Gao Qiang, Gao Zhen’s, ‘ Miss Mao, Gao, David Gray, Yue Minjun, “ uglifying, Donald Trump, Vladimir Putin Organizations: Hong Kong CNN, CNN Sunday, Chinese Communist Party, CNN, , Police, Reuters, Communist Party, Southern People, Ukraine, Centre Pompidou, San Francisco Museum of Modern Art Locations: Hong Kong, China, Beijing, New York, Hebei province’s Sanhe, American, Yanjiao, Hebei, Sanhe, India, , Paris , New York, Moscow, Berlin, Paris
Read previewEarlier this month, Disney walked itself into a PR nightmare. Jeffrey J. Piccolo named the entertainment giant in a wrongful-death lawsuit in February after his wife, Kanokporn Tangsuan, died at a restaurant in Disney Springs in Florida. Disney backtracksOne X user called the Disney+ argument "very dystopian," while others encouraged people to cancel their subscriptions in retaliation. AdvertisementRepresentatives for Disney issued a statement about the wrongful-death lawsuit. Legal proceedings for the lawsuit are still ongoing, but Triana said Disney has the opportunity to mend its public image now through transparency.
Persons: , Disney, Jeffrey J, Piccolo, Kanokporn Tangsuan, Tangsuan, Joe Burbank, David Triana, I'm, Triana, I've, Josh D'Amaro, we've, Natela, Shenon, it's, They're, they've Organizations: Service, Business, Hollywood, Disney, Pubs, Inc, Disney Springs, Walt Disney, Media, Associated Press, Orlando Sentinel, Tribune, Getty, Axia Public Relations, Washington Post Locations: Disney Springs, Florida, New York, Pubs Florida, Raglan, California
A panel of Brazil's federal supreme court justices voted unanimously to uphold orders suspending the use of Elon Musk's social network X nationwide. X had earlier defied court requests to take down accounts or posts that it said violated Brazil's laws on political misinformation and hate speech online. The court also froze the financial assets of another Musk-led business, satellite internet service Starlink, in Brazil to ensure his social network would pay its fines. Brazil's telecoms regulator Anatel instructed internet service providers including Starlink to block access to X in the country until it complies with the court orders. However, some social media users in Brazil are moving to other social networks.
Persons: Luiz Fux, Alexandre de Moraes, X, Starlink, de Moraes, Musk, Moraes Organizations: Elon, Anatel, Labor, SpaceX, Associated Press Locations: Brazil, NATO, U.S, Australia, Turkey, India
You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Brazilians are fighting back against the country's ban on the social media platform X, sending demand for VPNs skyrocketing despite threats that users could be fined nearly $9,000 a day for finding workarounds to access Elon Musk's site. AdvertisementAlternatives to X, like Bluesky and Threads, have also seen a spike in new users. The X alternatives were the first and second most downloaded iPhone apps in the country over the weekend. Others are concerned the ban is oppressive and hypocritical, given de Moraes' goal of combating authoritarian extremism in the country.
Persons: Musk, Alexandre de Moraes, de Moraes, De Moraes, Bluesky, I've, Maurício Santoro Organizations: Service, VPNs, Elon, Brazilian Supreme, The New York Times, Facebook, YouTube, Associated Press, State University of Rio, Business Locations: Brazil, China, State University of Rio de Janeiro
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