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☆ Khosla Ventures backs weather balloon startup that uses AI to upend forecasts
▼ + stars: | 2024-06-03 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

Windborne uses a new type of weather balloon, for example. Windborne's balloons can fly for weeks, as opposed to today's government-launched weather balloons which stay aloft for just a few hours and can't reach remote locations. The world currently lacks weather data for 85% of the atmosphere, according to the World Meteorological Organization (WMO). Windborne just closed a $15 million round with lead investor Khosla Ventures. In addition to Khosla Ventures, Windborne is backed by Footwork VC, Pear VC, Convective Capital, Ubiquity Ventures and Susa Ventures.

Persons: John Dean, Dean, Sven Strohband, Windborne Organizations: National Oceanic, Atmospheric Administration, Investors, Google, World Meteorological Organization, Khosla Ventures, Weather Company, Economic, Windborne, Susa Ventures Locations: California, Susa

☆ AI-driven weather balloons hope to make weather forecasts more accurate
▼ + stars: | 2024-06-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAI-driven weather balloons hope to make weather forecasts more accurateCNBC's Diana Olick joins 'Power Lunch' to discuss how startups are working to help weather forecasts be more accurate.

Persons: Diana Olick

☆ Summer heat will likely bring higher electric bills amid rising temperatures
▼ + stars: | 2024-06-03 | by ( Tami Luhby | ) edition.cnn.com time to read: +6 min

CNN —Many Americans may get hot under the collar when they open their electric bills this summer, but for some, the consequences of rising utility costs can be a lot more serious. He pointed to the National Weather Service’s prediction that much of the country will probably have above-normal temperatures this summer. The difference in projections stems from the association assuming higher rates of usage because of hotter temperatures, Wolfe said. The Low Income Home Energy Assistance Program, known as LIHEAP, has $4.1 billion to help consumers with heating and cooling costs, down from $6.1 billion in the prior fiscal year. “Because of the lack of a coherent policy to address summer cooling, people will die this summer from heatstroke,” Wolfe said.

Persons: Mark Wolfe, ”, Wolfe, Diana Hernandez, Hernandez, “, ” Hernandez, arrearages, ” Wolfe Organizations: CNN, National Energy Assistance, Association, Center for Energy, US Energy Information Administration, Department of Health, Human Services, Energy, Columbia University, Income, Energy Assistance, US Census Bureau, District, Columbia, National Weather Service Locations: Pacific, Chicago, heatstroke

☆ Croatian millennials can't afford to buy homes. The solution — build on top of their parents' place.
▼ + stars: | 2024-06-02 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +6 min

Joshua Zitser/Business InsiderWhen Dascalescu, originally from Romania, moved to Mokošica in 2017 with his Croatian wife, Diana, buying a home in Dubrovnik wasn't financially viable. Now, Dascalescu and Marlais live on their own floor, beneath her brother and his children, who live beneath their parents. Joshua Zitser/Business InsiderThe popularity of this set-up comes down to price, according to a Croatian real-estate expert. AdvertisementPerhaps as a result, many Croatian millennials are stuck living at home well into their mid-30s — the highest average age in Europe. Given the lucrative potential of short-term rentals, Croatian homeowners might also be building rooftop apartments for tourists, to generate extra income, he added.

Persons: —, Bogdan Dascalescu, Dascalescu, Joshua Zitser, Diana Marlais, Diana, Marlais, Bogdan Dascalescu's, Filip Brkan, Brkan, Ivan Vukovic, Nenad Lipovac, Lipovac, there's Organizations: Service, Business, Real Estate Business Association of, Croatian Chamber, Eurostat, UNESCO, University of Zagreb, BI Locations: Dubrovnik, Old Town, Mokošica, Independence, Romania, Croatian, Dubrovnik wasn't, Marlais, Croatia, Europe

☆ Trump must 'immediately' schedule a pre-sentence interview with NYC probation. Playing hooky may add to his legal woes.
▼ + stars: | 2024-06-01 | by ( Laura Italiano | ) www.businessinsider.com time to read: +8 min

Advertisement"The clerk of the court will give you instructions on how to go about scheduling that probation interview and getting that probation report," the judge said. But Trump won't do a penitent probation interview — or any at all, Kuby predicted. Advertisement"If he wants to show remorse, then certainly the probation report is a good place to start doing that," he added. During the first part of the interview, Trump would be asked for standard, so-called "pedigree" information — name, aliases, address, profession, marital status, that kind of thing. During the rest of the interview, Trump would be offered the chance to speak about his conviction and make a plea for leniency.

Persons: —, Donald Trump, Juan Merchan, Blanche, Trump, Todd Blanche, Susan Necheles, Emil Bove, Diana Florence, I've, Ron Kuby, Kuby, Merchan, Angel Rodriguez, Rodriguez, Christine Cornell, …, Arnold Levine, He'd, Levine, Florence Organizations: Service, New York City Department, Investigation, Business, Unit, Trump, Attorney's, BI, Avenues, Justice, Legal Aid Society, New, Defense Task Force Locations: New, Merchan's, Manhattan, Florence

☆ The true stories behind iconic Diana photos, according to the man who took them
▼ + stars: | 2024-05-31 | by ( Billy Stockwell | ) edition.cnn.com time to read: +5 min

It displays a carefully curated selection of work by renowned royal photographer Anwar Hussein, 85, who started snapping Diana when she was 19. “At first, some told me ‘you can’t do pictures of royals,’” Anwar told CNN ahead of the exhibition’s launch. Diana, the late Princess of Wales attends a Vanity Fair party at the Serpentine Gallery in Nov 1994. Anwar HusseinOver the years, Anwar and his sons have taken hundreds of thousands of photos of the royal family. Would they recreate the picture of Diana there?” Zak said.

Persons: Princess Diana, Anwar Hussein, Diana, “, ’ ” Anwar, Bob Marley, Elton John, Anwar’s, Samir, Zak, “ Diana, Kate, Meghan, ”, Charles, of Wales, Prince Charles, Anwar Hussein “, ‘ I’m, I’m, ’ ” Zak, Anwar, it’s, Diana cradling, ” Anwar, Imran, “ We’ve, ’ we’ve, Catherine Walker, Taj, Prince William, Catherine, ” Zak, ” Samir, “ He’s Organizations: CNN’s Royal, London CNN —, CNN, Imran Khan's Cancer Locations: London, London’s, Lahore, Pakistan, India, Agra

☆ Video: Reporter describes how Trump reacted to guilty verdict
▼ + stars: | 2024-05-30 | by ( Diana Tollison | ) edition.cnn.com time to read: 1 min

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☆ Pending home sales in April slump to the lowest level since the start of the pandemic
▼ + stars: | 2024-05-30 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

According to a report by the National Association of Realtors, pending home sales fell 1.5 percent in October to their lowest level in 20 years. These so-called pending sales are a forward-looking indicator of closed sales one-to-two months later. Pending sales were 7.4% lower than in April of last year. Because the count is based on signed contracts, it shows how buyers are reacting to mortgage rates in real time. With home prices still climbing and supply very low, leading to increased competition, that jump in rates had a huge effect on sales.

Persons: Justin Sullivan, Lawrence Yun, Yun, Hannah Jones Organizations: National Association of Realtors, Mortgage News, NAR, West, Realtor.com Locations: CALIFORNIA, San Anselmo , California, Midwest, Redfin

☆ Weekly mortgage demand drops to three-month low, as rates begin climbing again
▼ + stars: | 2024-05-29 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

After a brief pullback during much of May, mortgage rates began rising again last week. That had an immediate impact on what had been several weeks of strengthening mortgage demand. As a result, total mortgage application volume fell 5.7% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. "Borrowers remain sensitive to small increases in rates, impacting the refinance market and keeping purchase applications below last year's levels. Mortgage rates jumped sharply to start this week, rising 12 basis points just on Tuesday, according to a separate survey from Mortgage News Daily.

Persons: Joel Kan, Kan, Neel Kashkari Organizations: Mortgage, Mortgage News, Minneapolis Federal, CNBC Locations: Austin , Texas

☆ Office loan modifications jump: Trepp report
▼ + stars: | 2024-05-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOffice loan modifications jump: Trepp reportCNBC's Diana Olick reports on the latest news from the commercial real estate sector.

Persons: Diana Olick

☆ Office loan modifications jump: Here’s what you need to know
▼ + stars: | 2024-05-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOffice loan modifications jump: Here’s what you need to knowCNBC's Diana Olick joins 'Squawk Box' to report on the jump in office loan modifications.

Persons: Diana Olick

☆ A ‘rebrand’ for Lilly Pulitzer takes the classic resort label back to its roots
▼ + stars: | 2024-05-27 | by ( Diana Pearl | ) edition.cnn.com time to read: +7 min

A new logo (and merchandising) for the resort brand Lilly Pulitzer aims to be both timely, and timeless. Pictured above, a Lilly Pulitzer store in Sarasota, Florida. But it maintains firm roots in Palm Beach. “Nothing is more rooted in a resort Americana aesthetic than Lilly Pulitzer,” said Robert Burke, chief executive of retail consultancy Robert Burke Associates. This year, in addition to the Badgley Mischka collaboration, it rolled out a team-up with Natalie’s Juice, selling bottles of orange juice featuring a custom Lilly Pulitzer sticker.

Persons: Lilly Pulitzer, —, Lilly, Lilly Pulitzer hasn’t, Donald Trump, John Greim, ”, Michelle Kelly, Badgley Mischka, ” Kelly, Lilly Pulitzer’s, Nili, Pulitzer, “ Lilly, Kelly, “ It’s, Jacqueline Kennedy Onassis, Wendy Vanderbilt, Tommy Bahama, Johnny Was, Robert Burke, “, Robin Kramer, Burke Organizations: The, Fashion, CNN, Target, Hill, Apple, Palm Beach, Pulitzer, Oxford Industries, Robert, Robert Burke Associates, Natalie’s Locations: New York’s, Palm Beach , Florida, Sarasota , Florida, Philadelphia, Palm Beach, Cranston , Rhode Island

☆ Wayne Brady and Nichelle Lewis on Striving for Excellence in ‘The Wiz’
▼ + stars: | 2024-05-27 | by ( Salamishah Tillet | ) www.nytimes.com time to read: 1 min

“That show was so Black,” my 8-year-old whispered after we saw “The Wiz” on Broadway. He hadn’t made this observation last fall after seeing a performance of the show in Baltimore, during the national tour that preceded this revival. So I was curious: What had changed, and why was this iteration more culturally resonant for him than even the 1978 movie starring Diana Ross and Michael Jackson or NBC’s 2015 “The Wiz Live!” special that I’d screened for him. I suspected my son was drawn to this version’s colloquial expressions (“All I got to do is stay Black and die,” Evillene tells Dorothy), choreography (ranging from Atlanta street dancing to South African amapiano) and its casting of Wayne Brady as the Wiz, who greets the Scarecrow and the Tinman with a dap. (Brady will depart the production on June 12.)

Persons: hadn’t, Diana Ross, Michael Jackson, Evillene, Dorothy, Wayne Brady, Brady Organizations: Broadway Locations: Baltimore, Atlanta

☆ Opinion: The real reason people are talking about Emma Corrin’s armpit hair
▼ + stars: | 2024-05-27 | by ( Opinion Patricia Grisafi | ) edition.cnn.com time to read: +6 min

Making changes to our body hair is a near-constant element of stylistic transformation that is central to our self-presentation and expressions of individuality. Why then does the perception of armpit hair remain a constant — seen by many as so primally disgusting? When I talk about armpit hair, I’m talking mostly about women’s armpit hair. Corrin’s recent cover look has brought out more vitriol — this time, with the focus on their armpit hair. Corrin’s armpit hair was visible, but their gender preference was virtually erased.

Persons: Patricia Grisafi, Mary Sue, CNN —, Emma Corrin, Princess Diana, “, Miu Miu, ” Corrin, it’s, ”, Rachel McAdams, ” McAdams, Emily Ratajkowski, Corrin Organizations: Guardian, Salon, NBC, Los Angeles, Daily, CNN, Globe Locations: “ The

☆ My husband and I live with my parents in our mid-30s, like many in Croatia. It's a lifesaver for working parents like us.
▼ + stars: | 2024-05-26 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +6 min

They live in a multi-story home with their children, Marlais' parents, and her brother and his family. AdvertisementI didn't know what to expect, but we loved it. Finally, my parents live in the attic. Diana Marlais, Bogdan Nicolae Dascalescu, and their child on the balcony of their apartment. Joshua Zitser/Business InsiderA lifesaver as working parentsDiana: If we didn't live with my parents, I don't know how I would go to work, walk the dogs, and do everything I do.

Persons: —, Diana Marlais, Bogdan Dascalescu, Marlais, Diana, Bogdan, Bodgan, Bogdan Nicolae Dascalescu, Joshua Zitser, They're, it's Organizations: Service, Business Locations: Croatia, Romania, Zagreb, Croatia's, Dubrovnik, Bogdan

☆ The European housing crisis warping millennial life: The average Croatian lives with parents until 33
▼ + stars: | 2024-05-24 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +9 min

According to Eurostat, the EU statistical office, the average Croatian leaves their parents' home at over 33 years of age, its highest figure. Joshua Zitser/Business InsiderIn the US, almost everyone has moved out by then. Joshua Zitser/Business InsiderWhile tourism brings economic opportunities for Vukovic and many others, he says it has also worsened the already dysfunctional housing market. But in parts of Dubrovnik, Vukovic explained, that's not feasible. Joshua Zitser/Business InsiderFor Josip Crncevic, 34, prices feel far out of reach.

Persons: —, Joshua Zitser, Malohodžić, Ivan Vukovic, Vukovic, Filip Brkan, that's, Josip Crncevic, Crncevic, homeownership, it's, he'd, Marija, Sanja, Angelo, Cikato, Diana Marlais, Bogdan Dascalescu, wouldn't Organizations: Service, Croatian, Business, Eurostat, BI, UNESCO, Heritage, King's, Real Estate Business Association of, Croatian Chamber Locations: Dubrovnik's, Croatia, Dubrovnik, Independence, HBO's, Dubrovnik's suburbs, Marija

☆ Crows can count much in the same way as human toddlers, study finds
▼ + stars: | 2024-05-24 | by ( Scottie Andrew | ) edition.cnn.com time to read: +8 min

Can crows count much like toddlers do? The research was inspired by toddlers learning to count, said lead study author Diana Liao, a neurobiologist and senior researcher at the Tübingen lab. “They understand abstract numbers … and then plan ahead as they match their behavior to match that number,” Williams said. The study by Liao and her colleagues isn’t even the first to consider whether crows can count. The crows’ counting abilities “seem to exceed the demands which survival makes for such abilities,” he wrote.

Persons: ”, Heather Williams, ” Williams, Diana Liao, Liao, caws Liao, peck, ” Liao, We’re, B.F, Skinner, Kevin McGowan, McGowan wasn’t, McGowan, they’re, Andreas Nieder, isn’t, Nicholas Thompson, Irene Pepperberg, Pepperberg, Alex, Thompson Organizations: CNN, University of, Williams College, Cornell, of Ornithology, University of Tübingen, Boston University, Tübingen Locations: Germany, Massachusetts, Ithaca , New York

☆ New home sales at weakest levels since November
▼ + stars: | 2024-05-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew home sales at weakest levels since NovemberCNBC's Rick Santelli and Diana Olick report on the latest new home sales data.

Persons: Rick Santelli, Diana Olick

☆ Sales of newly built homes tank in April, as prices and interest rates rise
▼ + stars: | 2024-05-23 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

Sales of newly built homes dropped 4.7% in April compared with March, and dropped a larger 7.7% from the prior year, the U.S. Census said Thursday. Higher mortgage rates are clearly hampering sales. Some of that is due to the mix of homes selling, which is mostly on the higher end of the market. Those buyers are not as influenced by mortgage rates, as they often use all cash. The big production builders have been buying down mortgage rates to help boost sales, but they are able to do that because of their size.

Persons: Peter Boockvar, Robert Dietz, NAHB's Organizations: Spring Barbera Homes, Builders, Toll Brothers, Bleakley Financial, CNBC, National Association of Home Builders, Wells Fargo . Locations: Loudonville , New York, U.S, Horton, Wells Fargo

This week, Karim Khan, the top prosecutor of the International Criminal Court, requested arrest warrants for Israel’s prime minister, Benjamin Netanyahu, and the country’s defense minister, Yoav Gallant. Patrick Kingsley, the Times’s bureau chief in Jerusalem, explains why this may set up a possible showdown between the court and Israel with its biggest ally, the United States.

Persons: Karim Khan, Benjamin Netanyahu, Yoav Gallant, Patrick Kingsley Organizations: Criminal Locations: Jerusalem, Israel, United States

☆ Home sales slipped unexpectedly in April, despite big gains in supply
▼ + stars: | 2024-05-22 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

Sales of homes priced below $100,000 fell 7.1% year over year, while sales of those priced over $1 million jumped 40%. The median price of an existing home sold in April was $407,600, an increase of 5.7% year over year. The median price in the Northeast was $458,500, up 8.5% year over year. The median price in the West was $629,600, up 9.3% from April 2023. Correction: The supply of homes priced at more than $1 million was up 34% year over year.

Persons: Lawrence Yun, Yun Organizations: National Association of Realtors, Realtors Locations: Issaquah Highlands, Issaquah , Washington, US, Midwest, West

☆ Weekly mortgage refinance demand revives as interest rates fall to 7-week low
▼ + stars: | 2024-05-22 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

Mortgage interest rates fell for the third straight week last week, sparking increased demand for refinances. Total mortgage application volume rose 1.9% compared to the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. Applications to refinance a home loan rose 7% for the week and were 21% higher than the same week one year ago. Rates last week were just 32 basis points higher than they were a year ago, and that gap has been shrinking. While higher mortgage rates certainly hurt affordability, today's buyers are still facing very low supply and stiff competition, which fuels bidding wars.

Persons: Joel Kan, Matthew Graham Organizations: Mortgage, Federal Reserve, Mortgage News Locations: Hawthorn Woods , Illinois

☆ Prince Harry Cannot Include Rupert Murdoch in Lawsuit, Court Rules
▼ + stars: | 2024-05-21 | by ( Mark Landler | ) www.nytimes.com time to read: +1 min

Prince Harry was dealt a setback in his long-running legal campaign against Britain’s tabloids on Tuesday after a high court rejected a bid to draw Rupert Murdoch into allegations about how Mr. Murdoch’s London papers dug up personal details about him and later concealed or destroyed evidence of it. Justice Timothy Fancourt ruled that lawyers for Harry and about 40 other plaintiffs could not amend their complaint against News Group Newspapers, publisher of The Sun, to include Mr. Murdoch, the 93-year-old media mogul who controls the company, as well as other senior News Group executives. “There is a desire on the part of those running the litigation on the claimants’ side to shoot at ‘trophy’ targets, whether those are political issues or high-profile individuals,” Justice Fancourt declared in the 284-page ruling. “This cannot become an end in itself. That rules out allegations of actions targeted at his late mother, Diana, Princess of Wales, or his wife, Meghan.

Persons: Prince Harry, Rupert Murdoch, Murdoch’s, Timothy Fancourt, Harry, Murdoch, Fancourt, ”, Harry’s, Diana, Princess of Wales, Meghan Organizations: News Group Newspapers, The, News Group Locations: Murdoch’s London

☆ Here's where rents are rising — and where they're falling
▼ + stars: | 2024-05-21 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

Multifamily rents in April were 0.8% lower than they were in the same month last year, according to Apartment List. Apartment rents did rise for the third straight month, but the growth, at 0.5%, is very small. Single-family rents are much stronger, up 3.4% in March year over year, according to a new report from CoreLogic. "U.S. single-family rent growth strengthened overall in March, though some weaknesses are revealed in the latest numbers," said Molly Boesel, principal economist for CoreLogic. Of the nation's 20 largest cities, Seattle saw the highest year-over-year increase in single-family rents at 6.3%, followed by New York at 5.3% and Boston at 5.2%.

Persons: Molly Boesel, Boesel Organizations: National Association of Home Builders, CoreLogic, Boston Locations: Austin , Texas, Seattle, New York, Miami, New Orleans, townhomes, Florida, Austin

☆ Here's how to get an ultra low mortgage
▼ + stars: | 2024-05-17 | by ( Diana Olick | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's how to get an ultra low mortgageRome is a startup that facilitates assumable mortgages. CNBC's Diana Olick speaks with Roam CEO Raunaq Singh on how it works, and their new partnership with a lender.

Persons: Diana Olick, Raunaq Singh Locations: Rome

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