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A combination of technologies — from various forms of batteries to other energy storage methods — will likely be necessary to increase capacity. As shown in this render, energy storage company Energy Vault, along with Skidmore, Owens & Merrill, the architecture and engineering firm behind some of the world's tallest buildings, is integrating gravity energy storage technology into building designs. A view of the world's tallest building, the Burj Khalifa, in Dubai, in December 2022. Two energy storage experts contacted by CNN questioned if the economics of a skyscraper battery could work, given the space that would need to be used for energy storage and the structural changes that would be needed to support the extra weight. Energy Vault has already completed a project in China which it says is the world’s first commercial-scale, non-pumped hydro gravitational energy storage system.
Persons: Chicago’s Willis, Bill Baker, Abdelhadi Ramahi, Robert Piconi, Stefano Boeri, Daniel Safarik, Organizations: CNN, Skidmore, Owings, Merrill, Energy, Owens & Merrill, Trade Center, Sears, Burj, International Energy Association ., SOM, Reuters Locations: Burj Khalifa, Dubai, China, Milan, Italian
And not just any Olympic champion; Mirosław became the first-ever gold medalist in the sport of speed climbing on Wednesday, defeating China’s Deng Lijuan in the final. The format has changed in Paris, with speed climbing now awarded its own set of medals. Despite her superiority in speed climbing, setting a world record in the final, she finished fourth in Tokyo, just outside of the medals. “Lead climbing and bouldering, it’s completely different to speed climbing. “It means a lot, the first time for speed climbing and also for me here in the discipline,” said Mirosław.
Persons: Le, Paris CNN — Aleksandra Mirosław, Mirosław, China’s Deng Lijuan, , , , Le Bourget, Poland’s, Jack Gruber, Deng, Ola Kałucka, Kałucka, Indonesia’s Rajiah, it’s, Michael Reaves Organizations: Paris CNN, Paris, USA, Sports, Reuters, Tokyo, , Wednesday, Paris Olympics Locations: Le Bourget, Paris, Tokyo, Parisian, Le, Boulder
CNN —Connie Chiume, the veteran South African actress who starred in the 2018 Marvel movie “Black Panther,” has died aged 72. In a brief announcement on Instagram on Tuesday, they said: “The Chiume family regrets to inform you of the passing of the International Acclaimed award winning actress Connie Chiume. “Connie Chiume 72, passed on at Garden City Hospital today on the 6th August 2024. The family will communicate further details.”Chiume, who played tribal leader Zawavari in both “Black Panther” and its 2022 sequel, “Black Panther: Wakanda Forever,” was a household name in her native South Africa. Paying tribute to her on X, the South African government posted: “Our heartfelt condolences to the family, friends, and colleagues of multi-award winning and legendary actress Connie Chiume.
Persons: Connie Chiume, , ” Chiume, Zawavari, “ Sola, Connie 💔 “ Organizations: CNN, South, Marvel, International, Garden City Hospital Locations: Johannesburg, South Africa, , Israel, Greece, ife
There are six days of Olympic competition left and only four women’s soccer teams remain vying for gold. It’s also win or go home for the U.S. men’s basketball team, which went undefeated in pool play to emerge as the No. Trinity Rodman celebrates with Emily Fox after scoring the winning goal against Japan during the women’s quarterfinals of the Paris Games. Durant needs just four more points to become USA Basketball’s all-time leading scorer at the Olympics for both the men’s and women’s programs. The men’s long jump final, men’s 1,500-meter final, women’s 3,000-meter steeplechase and women’s 200-meter final close out a five-medal day in athletics.
Persons: It’s, Trinity Rodman, Emily Fox, Brad Smith, Rodman, Mallory Swanson, Sophia Smith —, Kevin Durant, Anthony Edwards, LeBron James, Durant, Lisa Leslie, Jayson Tatum, Steve Kerr, Holiday, Long, DeAnna Price, Annette Echikunwoke, Echikunwoke, Price, Poland’s Anita Wlodarczyk, Saint Lucia’s Julien Alfred —, Gabby Thomas, Wally Skalij, Sara Hughes, Kelly Cheng, Tanja Hüberli, Nina Brunner, Hughes, Cheng, Italy’s Valentina Gottardi, Marta Menegatti, Alexandra Klineman, Ross, Kerri Walsh Jennings, Jennings, Misty, Treanor, elly C heng!, E, mpics & Organizations: U.S, Japan, Paris Games, Getty, USA Network, Telemundo, United, Canada, Tokyo, Lyon, Germany, Trinity, USA, Bercy Arena, Team USA, NBA, Puerto Rico, Olympics, thwarts, Brazil, NBC, Stade de France, Olympic, Rio Games, Don’t, Eiffel, Los Angeles Times, Swiss, ris Locations: United States, Germany, Paris, U.S . Japan, Japan, Lille, Serbia, South Sudan, Puerto Rico, Brazil, France, USA, thwarts Puerto Rico, U.S, Tokyo, Canada, Rio
She was released last week as part of the prisoner swap between the US, Russia, and other countries. On Thursday, an FSB officer told us we were going to be freed as part of a prisoner swap — the miracle we had been waiting and hoping for. On the morning of the exchange, as we were being moved around, I didn't know the prisoner swap was happening. Russian artist Aleksandra Skochilenko, also known as Sasha, left, with her girlfriend, Sonia Subbotina, right, after the prisoner swap. They all knew that the only thing I wanted to do was walk, walk, walk.
Persons: , Aleksandra, Sasha, Skochilenko, I'd, Sonia, Aleksandra Skochilenko, Sonia Subbotina, hadn't, I'm, Sonia Skochilenko Organizations: Service, Business Locations: Russian, Russia, Ankara, Turkey, Istanbul, Frankfurt, Germany
"What would you buy that you know that your household would need for the future?" "That could be like paper towels, it could be toilet paper, it could be things that you know that you're going to need long term." It's smart to adopt a similar mindset when the stock market pulls back as it did Monday, said Sun, who is also a member of the CNBC Financial Advisor Council. "When the stock market pulls back at these levels, these are great opportunities to invest in core names or a quality portfolio that you always wanted," she said. "It's better to buy things on sale than to buy at full price."
Persons: Winnie Sun, Sun, Roth Organizations: Sun Group Wealth Partners, CNBC, Finance, Dow Jones, Nasdaq, Dow Locations: Irvine , California
Big Tech companies became less known for one particular product. Instead, Big Tech became obsessed with a series of half-baked boondoggles that seemed revolutionary, yet in practice, were either not reliable enough to be trusted or simply not that useful. Big Tech has become sullen, entitled, and lazy, believing that nobody else could snatch away its precious customers. Related storiesEven when tech companies aren't trying to shove AI down our throats, they fall into a similar trap. AdvertisementWhen the public eventually walks out, I don't believe Big Tech is even capable of making the adjustments necessary to win them back.
Persons: Smart, surly, Apple, Meta, Tesla, Elon Musk, Musk, , Goldman Sachs, Jim Covello, Sundar Pichai, it's, Tech's, Satya Nadella Organizations: Google, Microsoft, Apple, Big Tech, Siri, Amazon, Meta, Tech, Facebook, cryptocurrency, Porsche, Microsoft Windows Locations: America
CNN —Slovakian photographer Petra Basnakova made a series of remarkable and personally transformative discoveries during her three-year-long journey among Palestinian Bedouin families. Petra BasnakovaIn the foreground, the Bedouin community of Jabar Al-Bab; behind it, the Israeli settlement of Ma'ale Adumim. In her book, Basnakova reminisces over a serene Ramadan night when Nadia, a Bedouin matron and a prominent figure in Basnakova’s journey, thanked her for being a bridge of empathy between Palestinian Bedouin and the rest of the world. And by everything, I mean they have hope that one day they will be finally free.”Nawal is part of the Rashayda Bedouin community near Jericho. Petra Basnakova
Persons: Petra Basnakova, ” Basnakova, “ I’ve, , , Nabi Musa, Petra Basnakova Basnakova, , Basnakova, Besnakova, Nadia, Petra, Ma'ale Adumim, lazing, Nawal, Nawal's, Al, Petra Basnakova Issa Mohammad Jamal Organizations: CNN, United Nations, West Bank, Locations: Slovakian, Sand, Jerusalem, Europe, Nabi, Petra, Negev, Gaza, Israel, Jericho, Jabar Al, Ma'ale, Palestine, Palestinian, Jabal Al, Jabal
Oil prices climbed more than $1 on Tuesday, paring the previous day's loss as concern that an escalating Middle East conflict could hit supplies outweighed fear of a possible U.S. recession that could hurt demand in the world's biggest oil consumer. Oil's slide was limited by worry that Iranian retaliation for the assassination of a Hamas leader in Tehran may lead to a wider war in the Middle East. "Increased fear of escalating Middle East conflict prompted fresh buying," said Hiroyuki Kikukawa, president of NS Trading, a unit of Nissan Securities . "The market has largely factored in a retaliatory attack by Iran so the focus is on its scale and Israel's counterattack," Kikukawa said. If the conflict escalates, oil prices will rise, but if it is contained in the short term - as it was in April amid similar escalation fear - gain will be limited, he said.
Persons: paring, Hiroyuki Kikukawa, Kikukawa, Antony Blinken, Masoud Pezeshkian, Vladimir Putin Organizations: Brent, U.S, West Texas, NS, Nissan Securities, State Department, Reuters, OPEC Locations: Fort Stockton , Texas, Tehran, Iran, Israel, U.S, Iraq, Russia, Venezuela
NASA and Indian spacecraft have spotted what they believe to be water on the moon’s surface, and Chinese scientists last year found water trapped in glass beads strewn across the moon. But people didn’t always know there was water on the moon, though scientists theorized about its existence for hundreds of years. “I think it has lots of potential, this new finding that we can extract molecular water directly from lunar soils,” Qian said. After the latest study, many Weibo users raised the possibility of growing plants or crops on the moon using the molecular water found in soil. “We can’t work behind closed doors – it would be best to attract all of their scientists to China,” one wrote.
Persons: China’s Chang’e, , David A, Ren Junchuan, Yuqi Qian, didn’t, NASA’s, Luna, Qian, ” Qian, , Xi Jinping’s, it’s, ” Kring, hasn’t, Bill Nelson, Weibo Organizations: Hong Kong CNN, NASA, Indian, Planetary Institute, University of Hong, China National Space Administration, Xinhua, CNN, , International Space, Weibo Locations: China, Hong Kong, ULM, Texas, Xinhua, University of Hong Kong, Soviet, SOFIA, United States
This is where a young Leon Marchand first swam. Coloma believes Marchand has been the star of the Olympic Games (Tom Burrows/The Athletic)“Everyone is talking about Leon here. Marchand started out at the small indoor winter pool, before graduating to the Olympic pool at the complex — which also has a huge 150m long summer pool. Knowing that someone like Leon Marchand swam here and became what he is today… it’s very inspiring. “Leon Marchand is the best possible flagship for the city that you can dream of — with Dupont as well.
Persons: , , Michel Coloma, Coloma, Alfred, Leon Marchand, Marchand, Leon, He’s, it’s, , Tom Burrows, didn’t, ‘ It’s, Xavier, Marcel Wouda, Celine Bonnet, Christophe, marchons ’, ‘ Marchand, , Kristof Milak, ‘ Ole ’, ” Marchand, Vatsyayana, Nakache, Oscar, ” Xavier, Celine, ” Marchand didn’t, that’s, ” Coloma, ” Nicolas Castel, Remi Lacourt, ” Castel, Michael Phelps ’, Castel, Bob Bowman, Michael Phelps, Bowman, Frenchman, Thomas Sammut, Marchand’s, ” Bowman, Le Monde, Valentine Chapuis, he’s, there’s, Fabien Barthez, Christophe Roussel, towelling, ” Sandra, , Laura Georgelin, Alex, Antoine Dupont, Jean, Claude Dardelet, “ Leon Marchand, Dupont, Dan Goldfarb Organizations: Olympic, Toulouse Olympique Employes, Olympic Games, Stade de France, Getty, Alfred, AFP, , Arizona State University, Toulouse, France, Athletic Locations: Toulouse —, Paris, Toulouse, it’s, Coloma, Paris ’, Leon, Barcelona, Seoul, Tokyo, AFP, U.S, Arizona, France, “ Toulouse
First, it was the women’s final between Germany and Spain coming down to the final seconds. And then on the final shot of the game, Gracia Alonso’s desperation shot at the buzzer clanged off the rim. Germany's Marie Reichert takes the ball to the hoop against Spain's Sandra Ygueravide in the women's 3x3 basketball gold medal game. In Olympic 3x3 basketball’s overtime, the first team to score two points wins. The Dutch fans lost their minds as the French crowd fell silent in shock.
Persons: Paris CNN —, bouche, Sonja Greinacher, Juana Camilion, Marie Reichert of, Gracia Alonso’s, Germany's Marie Reichert, Spain's Sandra Ygueravide, Matthew Stockman, Invalides, “ Allez, Les, , Johnny Hallyday, Worthy de Jong, Timothé, de Jong Organizations: Paris CNN, Games, Concorde, Notre Dame, Olympic, Dutch oranje – Locations: Paris, Tokyo, Germany, Spain, Marie Reichert of Germany, Spanish, France, The Netherlands, Luxor, Notre, Dutch oranje
The victory ends a 20-year Olympic drought in the event for the USA, when Justin Gatlin won the 100-meter race in Athens. Thompson, who was the betting favorite in the race, took the silver medal and American Fred Kerley took home the bronze. Lyles won the race - the first ever with a legal wind where every competitor ran sub-10 seconds - by five-thousandths of a second. Cameron Spencer/Getty ImagesIt was a sterling version of the signature Olympic race. When the time came, the lights went out in the Stade de France just as the sun had nearly set outside Paris.
Persons: Denis, France CNN —, Noah Lyles, Kishane Thompson, Justin Gatlin, Thompson, Fred Kerley, Lyles, Cameron Spencer, didn’t, Yu Organizations: France CNN, Stade de France, USA, Paris Olympics Locations: France, Paris, Jamaica, Athens, American, Saint
“I think folks think it’s Trump reverting to his Id,” a longtime Republican communications adviser said. “The momentum is with Vice President Harris, and we just need to work our hearts out until Election Day,” Rep. Ro Khanna, D-Calif., said. “We have multiple pathways to 270 electoral votes,” Dan Kanninen, battleground states director for the Harris campaign, said of the threshold for winning the electoral college. Project 2025, which had been attacked by Democrats, announced that it would stop working on policy after taking criticism from the Trump campaign. “Crazy Kamala is saying she’s Indian, not Black,” Trump wrote on social media.
Persons: Donald Trump, Kamala Harris, Joe Biden, Harris, Ohio Sen, JD Vance, National Association of Black Journalists —, , Trump, , Andrew Hitt, , Kamala, he’s, Sen, Tom Tillis, Biden, Vance, President Harris, Ro Khanna, ” Harris, Chris Kofinis, Hillary Clinton, Ed McMullen, It’s, ” Trump, “ I’ve, Harris ’, it’s, “ Harris, ” Dan Kanninen, ” Kofinis, Lauren Hitt, ” Hitt, Dave McCormick, Democratic Sen, Bob Casey, Jon Tester, Sherrod Brown, Sherrod Brown of Ohio, Brown, Black, rallygoers, Laura Loomer, Mindy Kaling Organizations: Ohio, National Association of Black Journalists, Republican Party of Wisconsin, Trump, NBC, Republican, Democratic, Democratic Party, Republican National Committee, Biden, Washington Post, , Trump stewing, Democratic National Convention, GOP, Democrats, Sun, Republicans, Immigration, Customs Enforcement, National Republican, Committee, Democratic Sens, Black, U.S . Senate Locations: Chicago, Harris, Trump, Pennsylvania, Wisconsin, African American, Switzerland, St, Cloud , Minnesota, West, Wisconsin , Michigan, Georgia, Arizona, North Carolina, Nevada, Michigan, Sherrod Brown of, Minnesota
Aged 20 to 28, two of the kids have mortgages and all the expenses that go with owning a property. We offered each of the kids enough money toward their airfares to cover flying to Europe. The offer was extended to the kids' partners, too. For Andrew and me, sharing adult time with our kids and their partners without the distraction of work and rushing was wonderful. It was also lovely to observe our adult kids interact with their siblings and their partners.
Persons: , Andrew, Let's, Martina Franca, we're Organizations: Service, Business, Lecce Locations: Melbourne, Australia, Europe, Puglia, Alberobello, Monopoli, Matera, Italy
There's a joke in Norway that people move here for two reasons: a job or love. I'm much happier in Norway. Better work-life balanceIn Norway, there's a big departure from the work-centric mentality that I'm used to in the U.S. Free time, family time and personal well-being are prioritized. For me, I think I'm still a bit governed by my American roots when it comes to work-life balance. Happiness in Norway is often less about feeling constant joy and more about taking care of myself and others.
Persons: I'm, I've, Gabriella Mikiewicz, it'll, it's Organizations: Intercultural Relations, U.S ., fireside Locations: Norway, Europe, U.S, Oslo, Lofoten, Gabriella Mikiewicz Norway, Chicago, there's, it's, Loen, panicking, Rjukan
Against Croatia’s Donna Vekić, Zheng produced a stunning display of powerful hitting on the clay of Roland Garros, triumphing 6-2, 6-3 in a hard-fought gold medal match. Upon winning match point, her delight was laid bare. Vekić, already making history as the first Croatian tennis player to reach an Olympic singles final, took longer to settle. “I’m really happy to be here, to have won the gold medal, to represent my country,” she added. “I’m supposed to become better, but after this gold medal, I feel I can finally play tennis a bit more relaxed.”Zheng’s path to the gold medal, not just because of her semifinal victory against bronze medalist Swiatek, has hardly been straightforward.
Persons: Paris CNN — Zheng Qinwen, Donna Vekić, Zheng, Roland Garros, Don’t, Li Na, ” Zheng, Clive Brunskill, Zheng thumped, Vekić, Matthew Stockman, , Zheng breezing, Li Ting, Sun Tiantian, , , “ I’m, Swiatek, Emma Navarro, Angelique Kerber, Coco Gauff, Bianca Andreescu, ” Vekić Organizations: Paris CNN, Paris Olympics, Vekić, Olympics, Wimbledon Locations: Croatian, Olympics, Athens, Paris
Opinion | Kamala Harris on Center Stage
  + stars: | 2024-08-03 | by ( ) www.nytimes.com   time to read: +1 min
To the Editor:Re “Liberal ‘White Dudes’ Are Rallying for Harris” (news article, July 31):Wait, are we really allowed to smile? But now, with the weight of President Biden’s candidacy off our shoulders, we are almost giddy. No longer merely responding to Donald Trump’s taunts, but letting go with a zinger or two of our own. No longer just wringing our hands and holding our heads, but throwing punches and taking selfies. But it does feel awfully nice to be, dare I say it, almost happy with the way things are going.
Persons: Harris ”, Biden’s, Donald Trump’s Organizations: Liberal, Democratic Party, Dems, Republican
Trump and Vance will campaign in the same venue Saturday, but without the fundraising spike, increased momentum or improved chances of winning a crucial state. Biden became the first Democrat to win Georgia in nearly 30 years when he beat Trump by just under 12,000 votes in 2020. So, let’s talk about the issues.”South Carolina Sen. Lindsey Graham, a Trump ally, said the campaign should focus on drawing policy contrasts. “My problem with Vice President Harris is the policy choices she’s made.”Trump, however, is not shying away from the controversial and false claims about Harris’ heritage. A senior Trump campaign official told CNN that the campaign would not “shy away” from the former president’s comments.
Persons: Donald Trump, JD Vance, Joe Biden, Kamala Harris, she’d, Harris, Vance, Biden, Trump, Georgia’s, Brad Raffensperger, Nevada –, Black ”, Republicans –, , Alaska Sen, Lisa Murkowski, CNN’s Manu Raju, “ You’ve, Carolina Sen, Lindsey Graham, she’s, ” Graham, ” Trump, , MAGA, – Vance, , CNN’s Alayna, Manu Raju, Morgan Rimmer Organizations: CNN, Democratic, Georgia, University Convocation Center, White, Peach State, Trump, Democrat, Sun, Black, National Association of Black Journalists, Chicago, Republicans, Republican Locations: Georgia, Atlanta, Peach, North Carolina , Arizona, Nevada, Michigan , Pennsylvania, Wisconsin, Ohio, India, Jamaica, Alaska, , Carolina, Arizona
Tokyo Olympics – skateboarders shineJapanese athletes claimed 27 gold medals in Tokyo three years ago, the third-most of any nation behind the USA and China. Neymar celebrates Brazil's Olympic gold in 2016. Still the Olympic record holder following his gold medal in Rio, Braz went on to win bronze at the Tokyo Games. Lluis Gene/AFP/Getty ImagesGymnast Yang Wei won gold in the all-around and team events as China almost completed a clean sweep in the men’s events. Atlanta Olympics – Michael Johnson dominatesThe USA won 44 gold medals at the 1996 Atlanta Olympics.
Persons: Léon Marchand, He’s, Marchand, Antoine Dupont, Momiji Nishiya, Lucy Nicholson, Yuto Horigome, Sakura Yosozumi, Yui Ohashi, Neymar, Laurence Griffiths, Thiago Braz, France’s Renaud Lavillenie, Braz, heptathlete Jessica Ennis, Greg Rutherford, Mo Farah, Jessica Ennis, Hill, Johannes Eisele, Getty Images Farah, Andy Murray, Chris Hoy, Jason Kenny, Laura Kenny, Trott, Anthony Joshua, Italy’s Roberto Cammarelle, Liu Xiang, China's Yang Wei, Lluis Gene, Yang Wei, Du Li, Ilias Iliadis, Franck Fife, Iliadis, Thorpedo ’, Ian Thorpe, “ Thorpedo ”, Al Bello, Cathy Freeman, Freeman, John Howard, Michael Johnson, Shannon Miller, Dominique Moceanu, Dominique Dawes, Kerri Strug, Amy Chow, Amanda Borden, Jaycie Phelps, Johnson, Mike Powell, Strug, Shannon MacMillan, Tiffeny Organizations: Paris CNN —, Arizona State University, Fiji, Games, Japan, Tokyo, Germany, Olympics, Tokyo Games, London Olympics, , Getty Images, Wimbledon, Beijing, Getty, Athens Olympics, Athens, Sydney Olympics, Atlanta Olympics, The USA, US, China, Shannon Locations: France, Tokyo, USA, China, Paris, Rio, Brazil, Brazilian, Hill, AFP, Beijing, Athens, Georgia, Greece, Sydney, Atlanta, Russia, Romania
Though the athlete, affectionately dubbed the “table tennis Grandma,” lost in the preliminary round on Saturday, bringing her Olympic journey to a close, she says still looking up. “I don’t feel very sad, because this is sport,” Zeng told Reuters. I feel so content.”Zeng, the oldest person to debut in Olympic table tennis, lost to 46-year-oldMariana Sahakian of Lebanon 4-1. At 58 years of age, Chinese-Chilean table tennis player Zhiying Zeng made her debut at the Paris Olympic Games as one of the longest-lived athletes. However, before the sport made its Olympic debut in 1988, table tennis introduced a paddle-related rule change.
Persons: Zeng Zhiying, Zeng, , ” Zeng, , oldMariana, ’ ”, Zhiying Zeng, Rodrigo Arangua, Ni Xialian, Zeng’s, Ni, Sun Yingsha, Tania, she’s, Tia Tania, ” “ I’ve, I’ll, Zheng Haohao, Juan Antonio Jimenez Cobo, Zheng Organizations: Games, Reuters, CNN, Paris Olympic Games, Getty, Olympics, Chinese national, , Guardian, Pan, American Games, Juan Antonio Jimenez Cobo of, Sydney Games, NBC Asian Locations: China, Los Angeles, Chile, Lebanon, Santiago, AFP, Paris, Luxembourg, Juan Antonio Jimenez Cobo of Spain, NBC Asian America
Jeff Bezos' family office is making big investments in AI
  + stars: | 2024-08-02 | by ( Robert Frank | ) www.cnbc.com   time to read: +1 min
Jeff Bezos at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, on July 10, 2024. All of the investments made this year by Bezos' family office — called Bezos Expeditions — have been in artificial intelligence, according to exclusive data provided to CNBC by FINTRX, a private wealth intelligence platform. While the amounts he invested are not disclosed, Bezos Expeditions participated in funding rounds totaling more than $1 billion. In February, Bezos Expeditions invested in Figure AI, the humanoid-robot company that also counts Nvidia and Microsoft as investors. In July, he invested in a $300 million Series A round of Skild AI, which is focused on making AI systems for machines and robotics devices.
Persons: Jeff Bezos, Robert Frank, Bezos, Organizations: Allen & Company Sun Valley, CNBC, FINTRX, Bezos Expeditions, Amazon, Expeditions, Nvidia, Microsoft Locations: Sun Valley , Idaho, Los Angeles
It was a sweltering day in Palm Springs, and a few intrepid tourists braved the unforgiving sun to snap selfies at the stilettoed feet of a colossal Marilyn Monroe, her white dress seeming to billow up in the hot dry wind. Some of them had heard she was not likely to be standing there much longer. “That’s why we came today — to take pictures,” said Lauri Hatcher, who used to live in Palm Springs and returns each year. “Because it makes me super sad.”The statue — a 26-foot tall, 17-ton Monroe in her famous subway grate pose from the 1955 movie “The Seven Year Itch” — had bitterly divided the desert city. Some objected that it blocked views of the Palm Springs Art Museum and confronted visitors leaving the museum with Monroe’s exposed underwear.
Persons: Marilyn Monroe, , Lauri Hatcher, ” — Organizations: Springs Art Museum Locations: Palm Springs
Real estate stocks have been lagging the market, but here is one corner in particular where Janus Henderson sees an underappreciated opportunity. Overall, real estate stocks have started to rebound, with the S & P 500 real estate sector rallying 10% over the past month. Still, there is one area that has fared worse than many of its counterparts: industrial real estate investment trusts. The benchmark Janus uses for the overall REIT sector is the FTSE Nareit Equity REITs , which tracks commercial real estate across the U.S. "Cold storage is a specialized area within industrial that we like and where supply/demand fundamentals are also more favorable than coastal traditional industrial," Kuhl said.
Persons: Janus Henderson, Greg Kuhl, Janus, Kuhl, " Kuhl Organizations: Real, Janus, FTSE, Equity, U.S, Sun, FedEx, Industrial Realty Trust, Industrial Realty, Nasdaq, CNBC Locations: California, U.S
"When they don't see a financial institution or a bank, [they] tend to say, 'There's no avenue for me this way. Of 18- to 29-year-olds, 11% are living without a bank account, compared to 9% of 30- to 44-year-olds, 5% of 45- to 59-year-olds and 2% of people 60 and older, according to the Federal Reserve. People without bank accounts might also turn to check cashing services or consider payday loans, especially if they're the only brick-and-mortar financial services in their neighborhood. The Community Financial Services Association of America, which represents payday lenders, did not respond to a request for comment. "They're going out into the community, they're promoting their services into the community, they're creating programs specifically for the community," he said.
Persons: Sean Gladwell, Wole Coaxum, Joe Lugo, Lugo, that's, Darrin Williams, Williams, Harris, Winnie Sun, It's, Sun, Preston Duppins, Duppins, They're Organizations: Federal Reserve, Southern Bancorp, Inc, Finance, Sun, Wealth Partners, CNBC, Federal Deposit Insurance Corp, Federal Deposit Insurance Corporation, American Fintech Council, Wealth Management, Community Financial Services Association of America, Chamber, Commerce Locations: Clearwater , Florida, U.S, Irvine , California, Florida, Lugo, Pinellas County
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