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☆ Las Vegas transit system is nation's first to plan full deployment of AI surveillance system for weapons
▼ + stars: | 2024-07-25 | by ( Kevin Williams | ) www.cnbc.com time to read: +8 min

Las Vegas Review-journal | Tribune News Service | Getty ImagesOn your next visit to Vegas, an extra set of eyes will be watching you if you decide to hop onto the local transit system. Violent crime on transit systems, specifically, remains an issue in major metro areas, with a report released in late 2023 by the Department of Transportation detailing concerns from transit agency officials around the U.S. about rising violence on their transit systems. Atteberry stressed that the ZeroEyes system is not designed to detect lawful, legal firearms that might be in a holster or packed in a purse. "AI technology comes from the data; if we do not capture the data, there is no successful AI," Dei said. ZeroEyesThe Las Vegas transit system is not the only in the nation to use ZeroEyes, but is the first to plan full deployment.

Persons: Tom Atteberry, Brian Miller, Miller, Stephen Paddock, Sam Alaimo, Alaimo, ZeroEyes, Wei Dai, Dei, Paul Gratton Jr, Gratton, Michael Hasse, Hasse, there's, Atteberry Organizations: Regional Transportation, Maryland Parkway, Las Vegas, Tribune, Service, Regional Transportation Commission, Department of Transportation, Bureau of Transportation Statistics, Purdue University Northwest, Zero, Purdue Northwest's Department of Computer Science, Seattle, Purdue Northwest, SEPTA, NYPD, TSA, Systems Locations: Las Vegas, Vegas, Southern Nevada, Hammond , Indiana, Nevada, Lafayette , Louisiana, Clark County , Nevada

☆ Opinion | The Kamala Harris Report Card
▼ + stars: | 2024-07-25 | by ( David Brooks | ) www.nytimes.com time to read: +1 min

At the beginning of 2019 I wrote a column enthusiastically arguing that Kamala Harris was the Democratic Party’s strongest candidate to take on Donald Trump. My core argument was pretty simple: If Democrats hoped to defeat him, they needed the toughest gladiator they could get, and Harris filled that bill. Other moments, I think the Democrats are suffering from a mass hypnotic delusion, nominating a candidate who is seriously flawed. In order to make sense of this mishmash of thoughts, I thought I’d put together a report card of her strengths and weaknesses. In the rallies and events she has done since her ascension, Harris has been dominating, poised and exuberant.

Persons: Kamala Harris, Donald Trump, Harris, Gary Delagnes, “, I’d, prosecutes Trump Organizations: Democratic Party’s, Politico, Democratic

☆ Chicago-area gas prices are surging after a tornado nearly took out a refinery
▼ + stars: | 2024-07-24 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN —Gas prices have spiked in and around Chicago after a tornado sidelined a major ExxonMobil oil refinery last week. A gallon of gas in Chicago is now selling for an average of $4.34, according to AAA. That’s 27 cents more expensive than just a week ago after a tornado narrowly missed the Joliet Refinery and knocked power out to the Channahon, Illinois, facility. Gas prices have also jumped in nearby Michigan, another battleground state in the upcoming presidential election. “It will increase supply and lower prices,” Lipow said.

Persons: it’s, Kamala Harris, Andy Lipow, there’s, Catie Tuley, “ We’ve, ” Tuley, Lipow, ” Lipow Organizations: New, New York CNN, AAA, Joliet Refinery, Chicago, Lipow Oil Associates, Exxon, CNN, Wednesday, Environmental Protection Agency, EPA Locations: New York, Chicago, Joliet, , Illinois, Gary, Indiana, Wisconsin, Kenosha County, Milwaukee, Waukesha, Racine, Michigan, Gulf

☆ The Senate has a new plan to ban congressional stock trading. Here's what's in it.
▼ + stars: | 2024-07-24 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +5 min

Read previewOn Wednesday, a key Senate panel approved a bill that would ban lawmakers from trading stocks. The Senate Homeland Security and Government Affairs Committee approved the legislation — known as the Ending Trading and Holdings in Congressional Stocks (ETHICS) Act — by an 8-4 vote. AdvertisementPolling has shown for years that the idea of banning lawmakers from trading stocks in broadly popular among members of both parties. This is the most significant progress on a stock trading ban in yearsThe last time either chamber got close to passing a stock trading ban was in September 2022, when House Democrats proposed a sweeping bill that included a major loophole and had little time to be vetted by members. Many saw the effort as a sham designed to appease those who had been pushing for a stock trading ban.

Persons: —, Republican Sens, Rand Paul of Kentucky, Ron Johnson of, Mitt Romney, James Lankford, Democratic Sen, Jeff Merkley, they've, There's, Merkley, Jon Ossoff, Josh Hawley, Missouri —, Gary Peters of, Wednesday's, Chuck Schumer Organizations: Service, Senate Homeland Security, Government, Committee, Holdings, Congressional, Republican, Business, Democratic, Treasury, House Democrats, Gary Peters of Michigan Locations: Ron Johnson of Wisconsin, Utah, Oklahoma, Oregon, Georgia, Missouri

☆ Kamala Harris has entered the U.S. presidential election. What that could mean for crypto
▼ + stars: | 2024-07-24 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

The outcome of the U.S. presidential election and its implications for the crypto industry got more uncertain this week after Vice President Kamala Harris entered the race following President Joe Biden's exit. Many are now wondering what a Harris administration could mean for crypto – especially following years of an anti-crypto crusade led by Biden-appointed SEC Chair Gary Gensler and Sen. Elizabeth Warren, D-Mass. On Tuesday, a day after Harris launched her campaign, billionaire Mark Cuban said her advisors had begun reaching out to him about crypto policy . Bitcoin, the largest cryptocurrency, had recently seen a boost as Trump incorporated crypto into his platform. The crypto industry sees itself as nonpartisan, and in recent weeks has bipartisan support for crypto in Congress has been growing.

Persons: Kamala Harris, Joe Biden's, Donald Trump, —, Harris, Biden, Gary Gensler, Sen, Elizabeth Warren, Harris doesn't, they've, …, Kristin Smith, Devin Ryan, Mark Cuban, Trump, JMP's Ryan, that's, Ryan, Smith, Nancy Pelosi, Adam Schiff, it's Organizations: U.S, Republican, SEC, Democratic, Democratic Party, Blockchain Association, JMP Securities, Trump, BTC, SAB, Innovation, Technology, Futures Trading Commission Locations: Nashville, bitcoin, California

CNN —Rudy Giuliani’s trip to Milwaukee for last week’s Republican National Convention was bankrolled by the media platform started by “My Pillow Guy” Mike Lindell, Giuliani’s lawyer told a bankruptcy court that is scrutinizing the former New York City mayor’s finances. Lindell told CNN on Tuesday that Giuliani is an employee of the media company, but declined to say how much he was being paid for the job, which he said started July 1. Judge Sean Lane of the federal bankruptcy court in White Plains, New York, is expected to issue a ruling any day on how to move forward. Lindell told CNN on Tuesday that he paid for Giuliani’s travel because the former New York mayor was hired on July 1 as a host for Lindell’s right-wing broadcast platform, FrankSpeech TV. Giuliani said he had “no regrets at all” about how he treated Moss and Freeman during the 2020 election.

Persons: Rudy Giuliani’s, “, Guy, Mike Lindell, Giuliani’s, Giuliani, Donald Trump, Lindell, Ruby Freeman, Shaye Moss, Sean Lane, ” Lindell, “ It’s, “ We’ve, ” Giuliani, Frank Speech, Gary C, Fischoff, CNN’s Kaitlan Collins, Moss, Biden ”, Hunter Biden, ” “ They’re, Collins, Freeman, ” Organizations: CNN, Republican National Convention, New, Lindell, RNC, Trump Locations: Milwaukee, New York City, Georgia, Palm Beach , Florida, White Plains , New York, New York

In 2011, Harris became the attorney general of California. Gary Reyes/MediaNews Group/The Mercury News via Getty ImagesHarris served as the attorney general of California for six years. The Washington Post's Matt Viser reported that President Donald Trump and Ivanka Trump donated to two of Harris' bids for attorney general. In her first year as attorney general, Harris supported a law signed by Republican Gov. Jerry Brown as lawmakers who didn't allow "newly available DNA testing," and said new DNA evidence might vindicate Cooper.

Persons: Harris, Michael Johnson, Gary Reyes, Getty Images Harris, Matt Viser, Donald Trump, Ivanka Trump, Arnold Schwarzenegger, Julianne Hing, Nicholas Kristof, Kevin Cooper, Kristof, Jerry Brown, Cooper Organizations: San Jose, MediaNews, Mercury, Getty Images, Republican Gov, Color, The New York Times, CBS News, San, San Bernardino County, Attorney's, Los Angeles Times Locations: California, Washington, San Bernardino

☆ Psychologist Who Waterboarded C.I.A. Prisoners Defends Method’s Use in 9/11 Case
▼ + stars: | 2024-07-20 | by ( Carol Rosenberg | ) www.nytimes.com time to read: 1 min

waterboarded the man accused of plotting the Sept. 11 attacks, the agency offered explanations of how he withstood the technique 183 times at a secret overseas prison. The prisoner, Khalid Shaikh Mohammed, was strapped to a gurney with his head tilted down and a cloth covering his face. Somehow, the theory went, he realized that his captors would pour water on the cloth for at most 40 seconds at a time. So he used his fingers to count until he could breathe again as he experienced the sensation of drowning. This week, at a hearing in the case, Mr. Mohammed’s lawyer, Gary D. Sowards, offered an alternative explanation while questioning a psychologist who administered the waterboarding.

Persons: Khalid Shaikh Mohammed, gurney, Mohammed’s, Gary D

☆ The Microsoft-CrowdStrike outage could spur a Big Tech trust reckoning and threaten tech giants' plans for AI
▼ + stars: | 2024-07-19 | by ( Ana Altchek | ) www.businessinsider.com time to read: +6 min

It also exposes the fragility of those systems and raises the question: Does Big Tech deserve our trust to properly safeguard a technology as powerful as AI? He said Big Tech companies evaluate systems based on if they work "pretty well most of the time," because there's a rush to get products to market. He said big tech companies should have alternative vendors and a multi-layered defense strategy. Big Tech companies, including Facebook, Amazon, and Google, saw the sharpest drop in trust, with an average decline in confidence ratings of 13% to 18%, according to Brookings. Big Tech companies have had "free rein," Patnaik said.

Persons: —, CrowdStrike, Gary Marcus, Marcus, John Schulman, Dan O'Dowd, there's, Javad Abed, Johns Hopkins, Abed, Sanjay Patnaik, Patnaik Organizations: Service, Big Tech, Tech, Business, Microsoft, Geometric Intelligence, Uber, Tesla's, BI, Companies, Google, Adobe, US Department of State, Johns, Carey Business School, Brookings Institution, Facebook Locations: Brookings

☆ A rash of tech billionaires are pivoting to Trump — but not because they’re MAGA bros
▼ + stars: | 2024-07-18 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

But there’s a small, powerful sect of Silicon Valley billionaires who are carving a path for the maybe-Trumpers and the MAGA-curious in the tech world. David Sacks, the billionaire tech investor, co-hosted a fundraiser last month at his San Francisco home and spoke at the Republican National Convention on Monday. In the last election cycle, the few Trump backers that existed in the Valley largely kept their support under the radar. Their numbers are still small, but they’re no longer hiding, and their wallets are open. And, as Kovacevich notes, just because there are a few big names turning toward Trump, “they’re not speaking for everybody.”“In fact, most of the big company CEOs aren’t terribly involved in partisan politics,” Kovacevich says.

Persons: CNN Business ’, Hillary Clinton, Joe Biden, MAGA, Elon Musk, Trump, David Sacks, San Francisco, Doug Leone, Palantir, Joe Lonsdale, what’s, Adam Kovacevich, ”, “, Biden, Lina Khan, Joe Biden’s, Gary Gensler, who’s, Marc Andreessen, Ben Horowitz, Trump’s, hasn’t, they’ve, Reid Hoffman, Eric Schmidt, aren’t, ” Kovacevich, “ They’re Organizations: CNN Business, New York CNN, Silicon, Wall Street, Trump, America PAC, San, Republican National Convention, Sequoia Capital, Biden, of, Financial Times, SEC, Big Tech, LinkedIn, Google Locations: New York, Silicon

☆ Resy co-founder shares his big money regret: I had two early chances to invest in Uber and 'I still passed'
▼ + stars: | 2024-07-18 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

But despite the chance, he posted on LinkedIn last week, he chose not to invest in Uber — a company that's now worth roughly $138 billion. It was "one of the greatest mistakes of my investing career," wrote Vaynerchuk, currently the CEO of Vaynerchuk Media. In 2009, Uber's co-founders sought funding at a $10 million valuation, serial entrepreneur Mark Cuban told Peacock's "Hart to Heart" last year. "I realized, Uber doesn't sell transportation ... Uber sells us time," Vaynerchuk wrote. "Just think: If I would've given him $250,000 on a [$10 million] valuation, it'd be billions," he said.

Persons: Resy, Gary Vaynerchuk, Uber, Uber's, Mark Cuban, Peacock's, Hart, Vaynerchuk, Travis Kalanick, Garrett Camp, Vaynerchuck, Logan Paul, AJ Vaynerchuk, AJ, Cuban, Kalanick, Peacock Organizations: Twitter, LinkedIn, Uber, Vaynerchuk Media, CNBC Locations: New York City, NBCUniversal

☆ Watch out: These stocks reporting next week are primed for earnings blowups
▼ + stars: | 2024-07-17 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

The first full week of earnings kicked off earlier this week, with results from some of the biggest banks on Monday and Tuesday. Its estimated EPS for the current quarter has fallen more than 16% to 94 cents a share. The stock has been under pressure during this stretch, dropping 11.6% in the past three months as of Tuesday's close. Southwest Airlines made the list after receiving 28 downward EPS revisions, resulting in a consensus estimate that fell 35.1% in the three months. Last month, Charlotte-based steelmaker Nucor cut its second-quarter earnings guidance , a major factor behind analysts' 21 earnings estimate cuts over the past three months.

Persons: postmarket, Elliott, Bob Jordan, Gary Kelly Organizations: United Airlines, Netflix, CNBC, Starbucks, Southwest Airlines, Elliott Management, Dominion Freight, Intel Corp Locations: Dallas, Charlotte, Nucor

☆ Giuliani drains half of bank account for personal expenses while creditors pursue what he owes them
▼ + stars: | 2024-07-17 | by ( Katelyn | ) edition.cnn.com time to read: +5 min

Giuliani only appears to have a portion of that amount in his personal bank account, which keeps being depleted to pay other bills, Wednesday’s federal court proceedings in White Plains, New York, revealed. Giuliani has been slow to disclose what cash he has on hand in liquid accounts, and hasn’t been fully transparent, the judge has found. Last Friday, Giuliani’s bankruptcy protection ended, and creditors such as the 2020 election workers Ruby Freeman and Shaye Moss are now able to pursue his $10 million net worth. He told Giuliani’s lawyers they had until Thursday at “high noon; that’s appropriately theatrical” to notify the court of a plan for Giuliani to resolve his bills. “If your client persists in this course of action, there are a lot of bad things that can happen,” Lane told Giuliani’s attorneys on Wednesday.

Persons: CNN — Rudy Giuliani, Giuliani, hasn’t, Rachel Strickland, ”, ” Strickland, Ruby Freeman, Shaye Moss, Moss, Freeman, , ’, Sean Lane, Lane, ” Lane, Heath Berger, Gary Fischoff, Donald Trump, CNN’s Kaitlan Collins, Ted Goodman, Giuliani “, Goodman, ” Trump Organizations: CNN, Republican National Convention, New, Amazon, Apple, Giuliani, Milwaukee, GOP, New York’s LaGuardia Locations: White Plains , New York, Georgia, New York City, York, Florida, Milwaukee, New York, Palm Beach , Florida, New

☆ Dollar drifts as Powell comments bring September rate cut in focus
▼ + stars: | 2024-07-16 | by ( ) www.cnbc.com time to read: +3 min

The dollar fell slightly on Monday after comments from Federal Reserve Chair Jerome Powell, while cryptocurrencies rose on bets that an assassination attempt on former President Donald Trump lifted his reelection chances. The dollar hung around five-week lows on Tuesday as comments from Federal Reserve Chair Jerome Powell bolstered the case for a rate cut in September, while cryptocurrencies gained on rising odds of former President Donald Trump getting reelected. The comments, likely Powell's last until his press conference following the Fed's July 30-31 meeting, shifted rate cut expectations. Markets are now anticipating 68 basis points of easing this year, with a rate cut in September fully priced in, CME FedWatch tool showed. "Markets may need to wait longer for the confirmation of their September rate cut hopes, and growth and labor data will be on the radar such as retail sales today."

Persons: Jerome Powell, Donald Trump, cryptocurrencies, Powell, We've, Charu Chanana, Trump, Gary Gensler, Chris Weston Organizations: Federal, Economic, of Washington, Saxo, Traders, Bank of Japan, Republican, cryptocurrency, San, SEC, New Zealand Locations: Tokyo, San Francisco

☆ Elysian unveils fully electric 90-passenger plane
▼ + stars: | 2024-07-15 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +9 min

“You shouldn’t assume that an electric plane is going to look like the (most successful) planes of today,” de Vries says, adding that a common misconception is that electric planes should essentially be electrified versions of the lightest regional turboprops. What you end up with is a plane that in weight proportions, for example, looks much more like old 1960s jets. Israeli-founded Eviation has flight-tested its plane, called Alice – a fully electric nine-passenger commuter plane with a range of 250 nautical miles that the company aims to put into service in 2027. “There are over 5,000 aircraft in service today in the E9X’s size category of 70 to 100 seats,” he says. If Elysian can surmount the technology and infrastructure challenges, he adds, it will then face the commercial challenge of entering a fiercely competitive market.

Persons: it’s, Reynard de Vries, ” de Vries, de Vries, Vries, Rob Wolleswinkel, Elysian’s, ”, de, Daniel Rosen Jacobson, Jordi Huisman, Çınar, Eviation, Alice –, Gary Crichlow, Crichlow, ” Crichlow Organizations: CNN — Commercial, Elysian, Boeing, Airbus, Delft University of Technology, “, University of Michigan, Heart Aerospace Locations: Netherlands, de Vries, British, American

☆ Biden Holds Firm as Worried Democrats Take Their Case Directly to Him
▼ + stars: | 2024-07-12 | by ( Annie Karni | ) www.nytimes.com time to read: +1 min

President Biden on Friday faced escalating pressure from Democrats questioning his viability as a candidate, as rank-and-file lawmakers continued to call on him to end his re-election bid and the president resisted their entreaties, privately defending his decision to continue running. Their House leader made it clear directly to Mr. Biden that his members still harbored deep concerns over the president’s candidacy. And as he campaigned in the battleground state of Michigan, prominent Democrats — including the governor and both of the party’s senators — were not by his side. Gretchen Whitmer of Michigan, a stalwart Biden surrogate who has been on the road promoting her own book, was expected to be absent from an event he held in Detroit. Back in Washington, Representative Hakeem Jeffries, Democrat of New York and the minority leader, met one-on-one at the White House with Mr. Biden on Thursday night to discuss the deep concerns many of his members harbor about his ability to defeat Mr. Trump in November.

Persons: Biden, Biden’s, —, Gretchen Whitmer, Gary Peters, Debbie Stabenow, Elissa Slotkin, Stabenow, Donald J, Trump, Hakeem Jeffries Organizations: Gov, Democrats, Senate, White Locations: Michigan, Detroit, Washington, New York

☆ Kelly Evans: The cuts are coming
▼ + stars: | 2024-07-11 | by ( Kelly Evans | ) www.cnbc.com time to read: +2 min

Seeing the June CPI print with a negative sign. You can be pretty sure now that Fed rate cuts are coming. Core CPI for the past three months annualized is now running just 1.1%. In fact, core goods prices have dropped 12 out of the past 13 months in the CPI. We could actually be at a pretty nice economic inflection point right now--but only if the labor market doesn't keep slowing.

Persons: we've, we're, Julia Coronado, J.P, Morgan, Powell, Goldman Sachs, Gary Cohn, Kelly Twitter, @KellyCNBC, @realkellyevans Organizations: CPI, Treasury, Trump, CNBC, Nasdaq

☆ New York Philharmonic Chief Abruptly Steps Down
▼ + stars: | 2024-07-11 | by ( Javier C. Hernández | ) www.nytimes.com time to read: +1 min

Gary Ginstling, the New York Philharmonic’s president and chief executive, abruptly resigned on Thursday after just a year on the job, leaving the orchestra in limbo as it grapples with challenges including an investigation into its workplace culture after two players were accused of misconduct. His departure comes as the orchestra’s musicians and the administration are in the midst of heated talks over a new labor contract; the current agreement expires in September. The musicians have been seeking large wage increases. As the orchestra prepares for its 2024-25 season, it is facing another leadership void: It will not have a music director. Jaap van Zweden’s six-year tenure comes to an end this summer, and his successor, the star conductor Gustavo Dudamel, does not start in the role until 2026.

Persons: Gary Ginstling, Jaap van Zweden’s, Gustavo Dudamel, Peter W, Oscar L . Tang, Deborah Borda Organizations: York, Philharmonic

☆ ‘Eno’ Review: Creativity, 52 Billion Billion Ways
▼ + stars: | 2024-07-11 | by ( Alissa Wilkinson | ) www.nytimes.com time to read: +1 min

The key to “Eno” comes near the beginning of the film — at least, the beginning of the first version I saw. The musician Brian Eno, the documentary’s subject, notes that the fun of the kind of art he makes is that it’s a two-way street. Most movies are made up of juxtapositions of scenes, carefully selected and designed by the editor. But “Eno,” directed by Gary Hustwit, turns that convention on its head. He agreed to participate in “Eno” only if it, too, could be an example of what he and others have long called generative art.

Persons: “ Eno ”, Brian Eno, ”, “ Eno, Gary Hustwit, Eno

☆ Watch CNBC's full interview with IBM vice chairman Gary Cohn
▼ + stars: | 2024-07-11 | 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 EmailWatch CNBC's full interview with IBM vice chairman Gary CohnGary Cohn, IBM vice chairman and former NEC director, joins 'Money Movers' to discuss if Thursday's CPI data is enough for the Federal Reserve to cut rates, if the economy can get through this cycle without a recession, and more.

Persons: Gary Cohn Gary Cohn Organizations: IBM, NEC, Federal Reserve

☆ America's 10 best states for infrastructure, where you can rely on roads, bridges, airports, power, and internet
▼ + stars: | 2024-07-11 | by ( Scott Cohn | ) www.cnbc.com time to read: +14 min

To rate each state's infrastructure, we look at roads, bridges, ports and airports. New in 2024, we evaluate so-called site readiness programs set up in many states to link companies with shovel-ready sites. The Economic Development Partnership of Alabama offers one of the more robust site readiness programs in the nation. Roads, bridges, and broadband are also in excellent shape in Tennessee. A respectable 24% of the state's power comes from renewable energy, putting it in the top half of states.

Persons: Pete Buttigieg, Buttigieg, Gary Hershorn, Brad Lander, Kathy Hochul, Luke Sharrett, Liam Kennedy, Chicago —, Carl Sandburg, Minnesotans, Tim Walz, Nathan Howard, — Virginia, Caitlin O'Hara, Elijah Nouvelage Organizations: Infrastructure Law, CNBC, Law, Business, Empire, Hudson, Corbis, Census, Gov, Indiana, CSX Corp, Bloomberg, Getty, Crossroads of America, U.S . Surface Transportation, Hoosier State, of Energy, Street Foundation, Economic Development, Alabama, Tennessee Downtown, Istock, Volunteer State, Energy Department, Illinois Metra, Chicago, Railroads, Census Bureau, Surface Transportation, Traffic, Midway, Chicago Department of Aviation, Lincoln, Minnesota, Jimkruger, Minnesota's Department of Economic, The Utah Department of Transportation, Beehive State, Planners, Virginia, Amazon.com Inc, —, Washington Post, Georgia Passengers, Hartsfield, Jackson Atlanta International Airport Locations: States, York, Manhattan, New York City, New York, Ohio, Clarksville , Indiana, U.S, Indiana, Alabama, Trinity , Alabama, Yellowhammer State, Tennessee Downtown Nashville , Tennessee, Tennessee, Illinois, Chicago, Rudybalasko, Texas, Minneapolis , Minnesota, Mississippi, Minneapolis, Utah, Salt Lake City, Beehive, Farmington, Ashburn , Virginia, Northern Virginia, Arizona, Phoenix , Arizona, Atlanta , Georgia

☆ What today's CPI means for the Fed
▼ + stars: | 2024-07-11 | 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 EmailWhat today's CPI means for the FedGary Cohn, IBM vice chairman and former NEC director, joins 'Money Movers' to discuss if Thursday's CPI data is enough for the Federal Reserve to cut rates, if the economy can get through this cycle without a recession, and more.

Persons: Gary Cohn Organizations: IBM, NEC, Federal Reserve

☆ ‘Even Jordan doesn’t have his face on a sneaker’: How Stan Smith became both a tennis and fashion icon
▼ + stars: | 2024-07-11 | by ( Matias Grez | ) edition.cnn.com time to read: +11 min

CNN —Depending on your age, the name Stan Smith probably means one of two things. Even Jordan doesn’t have his face on a sneaker.”Stan Smith during his victorious 1972 Wimbledon run. The rise in popularity of the Stan Smith sneaker coincided with a slump towards the end of his tennis career and it began permeating a wide array of cultures in the UK and US. “It was one of my goals to win that tournament,” Smith says. Stan Smith, Ilie Năstase and Tom Okker at a meeting of the Association of Tennis Professionals (ATP) in London, 20th June 1973.

Persons: Stan Smith, ” Smith, “, it’s, ”, Cari, Jordan doesn’t, ” Stan Smith, Danny Lee, Smith, that’s, Stan Smith sneaker, David Bowie, ’, Pharrell Williams, Robert Haillet sneaker, Nicolas Armer, Horst Dassler, Donald Dell, Adidas Robert Haillet, Gary Aspden, ” Arthur Ashe, Arthur Ashe, Henry Burroughs, Ashe, ” Dell, Lyndon Johnson, Ashe couldn’t, Bob Lutz, LeBron James ’, Dell, Martin Luther King Jr, Tony Duffy, Allsport, Ashe’s, Arthur, ” Lee, Smith’s, Mark Mathabane, Marjory, Mathabane, Roger Jackson, wasn’t, Niki Pilić, Pilić, Smith –, Ilie Năstase, Tom Okker, Michael Webb, Stan Organizations: CNN, Adidas, Wimbledon, Hulton, Beastie Boys, Davis, Pasadena Tennis, US Davis, USA, Los Angeles Tennis Club, Americas, Civil, wouldn’t, Star ”, South, University of South, Central Press, International Tennis Federation, ‘, Yugoslav Tennis Association, Tennis, Association of Tennis Professionals, Keystone Locations: Young, Paris, USA, French, Wimbledon, Pasadena , California, Pasadena, American, Mexico, America, Vietnam, Houston , Texas, United States, South Africa, Beverly Hills, Soweto, Alexandria, South African, Johannesburg, University of South Carolina, ‘, London, ’

☆ Congress takes another stab at banning members from trading stocks
▼ + stars: | 2024-07-10 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

A bipartisan group of Senators introduced a new bill that would ban Congress from trading stocks. The ETHICS act would impose hefty fines against members of Congress that violate the law. The ETHICS legislation, if passed, would immediately ban members of Congress from trading stocks, and it would come with an imposed timeline to divest their stocks when the next session of Congress starts in 2027. The proposed law would also impose hefty fines on Congressional members who violated the trading ban. But the passage of this new stock trading ban faces an uphill battle from Congress itself.

Persons: Jeff Hawley, —, Josh Hawley, Jon Ossoff, Jeff Merkley, Gary Peters, Hawley, Alexandria Ocasio, Cortez, Matt Gaetz, don't, Merkley Organizations: Senators, Service, Democratic, Holdings, Senate's Homeland Security, Governmental Affairs Committee, NPR Locations: Congress

☆ Costco is raising its membership fee for the first time in 7 years
▼ + stars: | 2024-07-10 | by ( Alex Bitter | ) www.businessinsider.com time to read: +2 min

Costco said Wednesday that it's raising its annual membership fee. AdvertisementCostco's annual membership fee is getting more expensive. The membership prices are the same amount regardless of currency — a Gold Star membership in Canada runs 60 Canadian dollars, for example. The increase is the first time that Costco has raised its membership fee since 2017. In May, Costco CFO Gary Millerchip said that a fee increase would happen at some point, adding that it was a question "of when we increase the fee, rather than if we increase the fee."

Persons: —, Gary Millerchip Organizations: Costco, Service, Star, Business Locations: Canada

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