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AdvertisementWhile the chances of falling overboard on a cruise ship are extremely low , a cruise ship expert told Business Insider that the industry's safety protocols needed updating. Sophie Elizabeth Blythe-Tinker told the court her father "wasn't himself" and had become "increasingly abnormal" during his time on board, per the Telegraph. Cruise ship safetyRoss Klein, an international authority on the cruise ship industry, told BI he believes cruise ship safety rules are outdated. He said no substantial changes have been made to cruise ship safety since the Cruise Vessel Security and Safety Act of 2010. AdvertisementKlein is "not very hopeful" about actionable change regarding cruise safety in the near future "because nobody's pushing for changes."
Persons: , Nigel Blythe, Blythe, William Hill, Tinker, Sophie Elizabeth Blythe, wasn't, I'm, Karen Shuman, Mr Blythe, Ross Klein, Klein, Levion Parker, Francel Parker, ideation Organizations: Service, London's, of Justice, The Telegraph, Seven Seas, Business, Seven Seas Cruises, Cruise Vessel Security, Royal Caribbean, New York Post, Sun Locations: England, Australia, Blythe, Marseille, Barcelona, Florida, Port
Back in 2018, Dario Amodei worked at OpenAI. He and his colleagues decided to study it, and they found that the A.I. Amodei is now the chief executive of his own A.I. company, Anthropic, which recently released Claude 3 — considered by many to be the strongest A.I. And he thinks we’re on the steep part of the climb right now.
Persons: Dario Amodei, didn’t, , Ezra Klein, Claude, , we’re Organizations: Apple, Spotify, Amazon Music, Google Locations: OpenAI
But her latest press tour is, well, a grand slam. Scroll to see Zendaya’s best looks from the “Challengers” press tour. Zendaya's press tour began with the Australian premiere of "Challengers" in Sydney on March 26. Emmanuel DunandAFP/Getty ImagesIn one of her more literal looks, Zendaya wore a custom Loewe dress to a photocall in Rome on April 8, clearly designed to mimic a classic tennis outfit with its pleated skirt and classic lined v-neck. Gareth Cattermole/Getty ImagesDuring the “Dune: Part Two,” press tour, Zendaya’s co-stars, including Florence Pugh, Rebecca Ferguson and Timothée Chalamet, matched her commitment to the sartorial ‘bit’ with their own red carpet wardrobes.
Persons: CNN — Zendaya, ” Zendaya, ” Law Roach, Zendaya’s, Thierry Mugler, ” Roach, Flavio Brancaleone, Louis, Emmanuel Dunand, Kristy Sparow, Louis Vuitton, Emmanuel DunandAFP, Zendaya, Daniele Venturelli, Calvin Klein, Vittorio Zunino Celotto, Thom Browne, Hoda Davaine, Dave Benett, Gareth Cattermole, Florence Pugh, Rebecca Ferguson, Timothée, , Josh O’Connor, Mike Faist, O’Connor, Tashi, Loewe, Jonathan Anderson —, Organizations: CNN, , British “ Vogue, US Vogue, British Vogue, Getty, Paris, Rome, Locations: British, Sydney, Paris, AFP, Rome
CNN —Some Arsenal fans might have been forgiven for waking up in a cold sweat in the nights leading up to Tuesday’s Champions League quarterfinal first leg against Bayern Munich. The 30-year-old became the fastest player to score 20 Bundesliga goals, reaching the landmark in just 14 matches, well ahead of Uwe Seeler’s previous record of 21. He also has four hat-tricks to his name, something no player had previously achieved in their first Bundesliga season. Arsenal fans thought Kane should have been shown a red card in the second half. With Bayern fans banned from the match due as punishment for throwing flares onto the pitch during their side’s win against Lazio in the previous round, you could hear a pin drop inside the Emirates.
Persons: Harry Kane, Kane, Uwe Seeler’s, Seeler, Robert Lewandowski’s, David Klein, Thomas Tuchel, Xabi Alonso’s Bayer, Kane’s, , ” Tuchel, Eric Dier, Adrian Dennis, Tuchel, haven’t, , Serge Gnaby, Leroy Sané, David Raya, Leandro Trossard’s, Gabriel, William Saliba, Kieran Cleeves, It’s, Kingsley, Frenchman, ” Kane Organizations: CNN, Arsenal, Tuesday’s Champions League, Bayern Munich, Gunners, Tottenham Hotspur, Bundesliga, Reuters Bayern, Bayern, Xabi Alonso’s Bayer Leverkusen, FC Saarbrücken, League, “ Arsenal, Spurs, Champions League, Getty, , Emirates, Lazio, Tottenham, TNT Sports Locations: England, London, Germany, Europe, AFP, Munich
The guest list also includes Director of National Intelligence Avril Haines, US Trade Representative Katherine Tai, US Ambassador to the United Nations Linda Thomas-Greenfield and White House chief of staff Jeff Zients. NBC News White House correspondent Kelly O’Donnell, who is the president of the White House Correspondents Association, will attend, as well as Washington Post columnist Josh Rogin. First lady Jill Biden chose Simon to perform at the state dinner because Kishida also “shares an appreciation” for his work, a White House official said. The state dinner for South Korean President Yoon Suk Yeol featured a Broadway star’s performance of Don McLean’s “American Pie” – a personal favorite of Yoon. It led to one of the iconic state dinner moments of the Biden presidency – Yoon picking up a microphone to serenade guests with a few lines from the song.
Persons: Bill Clinton, Hillary Clinton, Robert De Niro, Jeff Bezos, Fumio Kishida, Joe Biden, Kristi Yamaguchi, Tim Cook, Laurence Fink, Jamie Dimon, Brad Smith, Shawn Fain, Cecile Richards, Antony Blinken, Janet Yellen, Alejandro Mayorkas, Jennifer Granholm, Gina Raimondo, National Intelligence Avril Haines, Katherine Tai, United Nations Linda Thomas, Jeff Zients, CQ, Jerome Powell, Bill Nelson, Biden, Donald Trump, De Niro, Nelson, ” Nelson, Sen, Bill Hagerty, Trump, Rahm Emanuel, Kelly O’Donnell, Josh Rogin, Kamala Harris, Doug Emhoff, Kathy Hochul, Josh Shapiro, Tony Evers, Roy Cooper of, Mazie, Jeff Merkley, Ashley Biden, Howard Krein, Finnegan Biden, Naomi Biden Neal, Peter Neal, Paul Simon, Jill Biden, Simon, Kishida, , It’s, Yoon Suk, Don McLean’s, Yoon, – Yoon, CNN’s Arlette Saenz Organizations: CNN, Amazon, White, Japan’s, Apple, BlackRock, JPMorgan, Microsoft, United Auto Workers, Planned, Biden, Homeland, Senate, Energy, National Intelligence, US, United Nations, White House, Joint Chiefs, Staff, Federal, NASA, Tennessee Republican, NBC, White House Correspondents Association, Washington, Democratic, Gov, Pennsylvania, South Korean Locations: Japanese American, Greenfield, Cleveland , Ohio, Japan, New York, Tony Evers of Wisconsin, Roy Cooper of North Carolina, Hawaii, Oregon
The White House will lean into the full pomp and circumstance of a state visit as the president seeks to emphasize the strong alliance between the two countries. The Bidens welcomed the prime minister and his wife to the White House on Tuesday evening, hosting the couple for a casual dinner at BlackSalt, a local seafood restaurant. The White House will serve wines from the Willamette Valley and Columbia Valley in the Pacific Northwest. The Bidens presented their counterparts with a three-legged black walnut table handmade by a Japanese American owned company in Pennsylvania, the White House said. The Biden White House has previously hosted the leaders of Australia, India, France and South Korea for state visits.
Persons: Joe Biden, Jill Biden, Kishida Fumio, Kishida Yuko, Paul Simon, Biden, ” Jill Biden, , Bryan Rafanelli, , Cris Comerford, Susie Morrison, George W, Bush, Lyndon B, Johnson, Carlos Elizondo –, ’ toasts, Elizondo, Billy Joel, CNN’s Arlette Saenz, Kayla Tausche, Sam Fossum Organizations: CNN, Japanese, White, White House social, Wing, State Department, White House, US, National Soccer Team, National Football Team, Biden White Locations: China, Ukraine, Gaza, United States, Japan, BlackSalt, California, Willamette, Columbia, Pacific Northwest, American, Pennsylvania, Australia, India, France, South Korea
Advancements in AI tech have given birth to an industry of AI influencers, and major companies are beginning to show interest in their far more cost-effective approach to marketing. AdvertisementMiquela's success didn't spark a virtual-influencer revolution, but that was largely because of cost — human influencers were still cheaper. She sees AI influencers being used to provide a deep level of information, support, and guidance on brands and products. Do AI influencers really stand a chance at building trust with an audience? A study in the European Journal of Marketing found that consumers were just as likely to follow an AI influencer as a human influencer but that they didn't trust the AI influencer as much.
Persons: Zers, Gen Z, influencers, wannabes, — they're, Nikita Baklanov, Julia Broome, Baklanov, Broome, she'd, it's, Miquela Sousa, Lil Miquela, Instagram Miquela, Calvin Klein, Imma, HypeAuditor, Euronews, who's, Jenny Dearing, Dearing, ChatGPT, chatbot, Eric Schmidt, Jonathan Haidt Organizations: Stanford, UGC, Prada, Companies, Meta, Instagram, AIs, Oxford, Advertising, Air, European, Marketing, Air Canada, Google, Alpha Locations: strategize, TikTok, Antarctica, Air Canada
The Verge blames search engines. But here’s another: Our digital lives have become one shame closet after another. A shame closet is that spot in your home where you cram the stuff that has nowhere else to go. But as the shame closet grows, the task of excavation or organization becomes too daunting to contemplate. The shame closet era of the internet had a beginning.
Persons: Inboxes Organizations: Wired, Technology, Google
Do a Google search, and there are so many websites now filled with slapdash content contorted just to rank highly in the algorithm. Facebook, YouTube, X and TikTok all used to feel more fun and surprising. And into this weakened internet came the flood of A.I.-generated junk. TikTok videos of A.I.-generated voices reading text pulled from Reddit can be churned out in seconds. content will break the internet as we know it.
Persons: , Ezra Klein, Nilay Patel Organizations: Facebook, Apple, Spotify, Amazon Music, Google
CNN —When President Joe Biden met with a group of Muslim community leaders this week, he recounted a recent conversation he had with first lady Jill Biden relating to the conflict in Gaza. Another participant, who declined to be named, told CNN they remembered the president saying that the first lady had used these words: “Stop it. “Just like the President, the First Lady is heartbroken over the attacks on aid workers and the on-going loss of innocent lives in Gaza,” said Elizabeth Alexander, communications director for the first lady. The president and first lady have both appeared with Andres on trips abroad and highlighted World Central Kitchen’s work. “When Hamas attacked Israel, Joe knew what to do,” she told donors at event in Atherton, California, in November.
Persons: Joe Biden, Jill Biden, Biden, “ It’s, , Nahreen Ahmed, Ahmed, she’s, Elizabeth Alexander, , Jose Andres, Andres, Joe, “ wouldn’t Organizations: CNN, White, Israel, The New York Times, Kitchen, Hamas Locations: Gaza, Israel, Canadian, Atherton , California, Tucson , Arizona
Washington CNN —The Biden administration has finalized a new rule bolstering protections for career federal workers, marking a move to preemptively halt or significantly slow any efforts by former President Donald Trump, should he win in November, to reduce or alter the federal workforce. Critics warned that the order would allow the president to fill the federal workforce with his loyalists. Trump’s executive order created a new classification of federal employees titled “Schedule F” for employees serving in “confidential, policy-determining, policy-making, or policy-advocating positions” that typically do not change during a presidential transition. It strengthens and clarifies existing rights for career civil servants by making clear that civil service protections cannot be taken away from employees unless they give them up voluntarily. “The threat of a politicized civil service is too great, and too real, for this to be the end of our efforts,” he said in a statement.
Persons: Washington CNN —, Biden, Donald Trump, Joe Biden, Trump, , Bitsy, ” Skerry, , Skerry, Gerry Connolly, Connolly, Brian Fitzpatrick, Biden’s, ” Everett Kelley, Doreen Greenwald, CNN’s Veronica Stracqualursi, Kevin Liptak Organizations: Washington CNN, , Public Citizen, Customs, US Postal Service, Biden, CNN, Trump, Management, Virginia Democrat, Technology, Government Innovation, Republican, American Federation of Government Employees, District of Columbia, National Treasury Employees Union Locations: Washington ,, Virginia, Pennsylvania
Tesla — Tesla shares sank more than 6% after the electric vehicle maker reported an 8.5% year-over-year decline in deliveries in the first quarter. GE Vernova — Shares jumped more than 3% after GE Vernova started trading on the New York Stock Exchange on Tuesday under the ticker "GEV," following its spinoff from General Electric. Shares of GE Aerospace , which was formerly General Electric and is keeping the "GE" ticker symbol, gained roughly 1%. Figs — Shares of the health-care apparel maker slipped 6.2% following a Bank of America downgrade to underperform from neutral. Horton — The homebuilder's shares slipped 3.7%.
Persons: PVH, Calvin Klein, Tommy Hilfiger, Blackstone, Nextracker, Horton —, Wedbush, Horton, Brent Bowman, Tim Cabral, , Sarah Min, Alex Harring, Samantha Subin Organizations: GE, , GE Vernova, New York Stock Exchange, General Electric, GE Aerospace, SLB, CVS, Health, Medicare, Medicaid Services, CVS Health, UnitedHealth, Endeavor, Silver, Blackstone —, UBS, Barclays, Bank of America, Veeva Locations: Europe, D.R
Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. GE Aerospace , GE Vernova : General Electric completed its breakup into three publicly traded companies. Its renewable energy and power unit began trading Tuesday as GE Vernova with the stock ticker GEV. The GE Vernova business "turned out to be far better than I thought," Cramer acknowledged. Cramer's CNBC Investing Club has owned shares of GE Healthcare for nearly a year .
Persons: Jim Cramer's, Jim Cramer, Cramer, Humana, Biden, It's, Tesla, Calvin Klein, Tommy Hilfiger Organizations: CNBC, Club, GE Aerospace, GE Vernova, Electric, GE, Boeing, GE Healthcare, UnitedHealth, Ford, PVH Corp, TJX Companies
Referendums protecting abortion access are on a winning streak nationwide, including in states far more red than Florida. Outside of Barack Obama’s 2008 and 2012 victories, Democrats have struggled to find success in Florida while Republicans are on a roll. The GOP now controls every statewide Cabinet office in Florida, its two US Senate seats and both state legislative chambers. In 2016, Trump won Florida despite a medical marijuana initiative on the ballot that Democrats hoped would aid their performance. “There is nothing more common than Democrats claiming they have some magical way to win Florida and they always come up short,” Power said.
Persons: can’t, Floridians, , Biden, ” Julie Chavez Rodriguez, Alex Sink, Trump, ” Sink, , Joe Biden, Donald Trump, Barack Obama’s, Obama, Ron DeSantis, “ It’s, Matt Isbell, Michael Bloomberg, ” Chavez Rodriguez, Brian Hughes, , it’ll, Roe, Wade, Chavez Rodriguez, Nikki Fried, Evan Power, ” Power Organizations: CNN, Democratic, Electoral, Florida, Sunshine State, ” Longtime Democratic, GOP, Trump, Biden, Florida Democratic, Democratic Party, Republican Party of Locations: Florida, Nashville, Grand Rapids , Michigan, Republican Party of Florida
“Continuing his tradition of honoring the Muslim community during Ramadan, President Biden will host a meeting with Muslim community leaders to discuss issues of importance to the community,” a White House official said. Vice President Kamala Harris, senior Muslim administration officials, senior members of Biden’s national security team and fewer than a dozen invited guests are expected to attend the meeting, per a senior administration official. White House officials have held several meetings with prominent Arab American and Muslim leaders in various cities. Last month, senior White House officials met with Arab, Muslim and Palestinian American community leaders in Chicago. Tom Perez, the White House director of intergovernmental affairs, and Steve Benjamin, director of public engagement, participated in the meeting, among others.
Persons: Joe Biden, Biden, , , Eid, Kamala Harris, Ramadan, Tom Perez, Steve Benjamin Organizations: Washington CNN, White, CNN, , White House, American, Democratic Locations: Israel, Gaza, Northern Gaza, , White, Palestinian American, Chicago, Michigan
PVH — Shares of the Calvin Klein and Tommy Hilfiger parent tanked more than 21% on weak revenue guidance for the first quarter and full year. Humana , UnitedHealth — Health insurance managed care stocks declined after the Center for Medicare and Medicaid Services announced rates for the 2025 calendar year will increase 3.7%, as previously proposed. Humana shed 9.6%, while CVS Health tanked 5.3%. GE Aerospace — General Electric shares ticked higher by 0.6% after the company completed spinning off its energy business from its aerospace business. GE Vernova will begin trading on the New York Stock Exchange at market open under the ticker GEV, while General Electric — which becomes GE Aerospace — will keep the GE ticker symbol.
Persons: Calvin Klein, Tommy Hilfiger, Estee Lauder —, Estee Lauder, Blackstone — Blackstone, , Sarah Min, Hakyung Kim, Jesse Pound Organizations: Center, Medicare, Services, CVS, UnitedHealth, Citi, Blackstone, UBS, Trump Media, Technology, Truth, Bank of America, GE Aerospace — General Electric, GE Vernova, New York Stock Exchange, General, GE Aerospace, GE, SLB Locations: Europe
Opinion | How Should I Be Using A.I. Right Now?
  + stars: | 2024-04-02 | by ( The Ezra Klein Show | ) www.nytimes.com   time to read: +1 min
There’s something of a paradox that has defined my experience with artificial intelligence in this particular moment. So I wanted to understand what I’m missing and get some tips for how I could incorporate A.I. This conversation covers the basics, including which chatbot to choose and techniques for how to get the most useful results. But the conversation goes far beyond that, too — to some of the strange, delightful and slightly unnerving ways that A.I. responds to us, and how you’ll get more out of any chatbot if you think of it as a relationship rather than a tool.
Persons: Ethan Mollick, University of Pennsylvania who’s, , Ezra Klein, chatbot Organizations: Wharton School, University of Pennsylvania, Apple, Spotify, Amazon Music, Google
Canopy Growth CEO David Klein goes one-on-one with Jim CramerCanopy Growth CEO David Klein joins 'Mad Money' host Jim Cramer to talk marijuana legalization on the state level, possible changes in federal classification and more.
Persons: David Klein, Jim Cramer
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Disney: One of the sales we made Monday was in Disney; the other was in Alphabet. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, it's, Stanley Black, Decker, Disney's, Nelson Peltz, Jim, It's, Tommy Hilfiger, Calvin Klein, Jim Cramer's, Mickey, Minnie, Ian Langsdon Organizations: CNBC, Disney, Trian, Bank of America, Peltz, Club, Starbucks, Dell, Micron, AMD, PVH Corp, Jim Cramer's Charitable, Paris, Afp, Getty Locations: Disney, Marne, Paris
The annual reading is above the 2% target set by the central bank but is a slight deceleration from the 2.9% annual rate in December and January. Looking ahead to next week, it's all about the macroeconomic updates as the first quarter earnings season is mostly over. ET: ISM Manufacturing PMI After the bell: PVH Corp. (PVH), Canoo (GOEV) Tuesday, April 2 10:00 a.m. ET: ISM Services PMI Before the bell: Acuity Brands (AYI) After the bell: BlackBerry (BB), Levi Strauss (LEVI) Thursday, April 4 8:30 a.m. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
Persons: Dow, payrolls, Paychex, Calvin Klein, Tommy Hilfiger, Buster's, Levi Strauss, LEVI, Lamb Weston, Jim Cramer's, Jim Cramer, Jim, Eric Thayer Organizations: Dow Jones, Nasdaq, Federal, Cal, Maine Foods, Conagra, PVH Corp, PMI, Maine, Brands, Jim Cramer's Charitable, CNBC, Workers, Grand Central Market, Bloomberg, Getty Locations: U.S, Cal, Los Angeles , California
Donald Trump can seem like a political anomaly. You sometimes hear people describe his connection with his base in quasi-mystical terms. But really, Trump is an example of an archetype — the right-wing populist showman — that recurs across time and place. And there’s a long lineage of this type in the United States too. And why does this set of qualities — ethnonationalist politics and an entertaining style — repeatedly appear at all?
Persons: Donald Trump, Trump, , There’s, Boris Johnson, Javier Milei, , Ezra Klein, John Ganz, David Duke, Pat Buchanan Organizations: Apple, Spotify, Amazon Music, Google, , Republican Party Locations: Brazil, Britain, Argentina, United States
CNBC's Jim Cramer on Thursday guided investors through next week's Wall Street action, saying to pay attention to new nonfarm payroll data and Walt Disney's annual shareholder meeting, where its long and arduous proxy fight will come to a head. "Keep an eye on the employment report, because everything else that's coming next week pales in comparison — even the no-holds-barred Disney proxy fight." On Monday, Cramer expects decent earnings from PVH , an apparel maker known for brands including Calvin Klein and Tommy Hilfiger. Walt Disney 's annual shareholder meeting will take place on Wednesday, bringing an end to the company's monthslong bitter proxy fight with activist investor Nelson Peltz. On Friday, the U.S. Department of Labor will release the nonfarm payroll report, and Cramer said he's expecting strong figures.
Persons: CNBC's Jim Cramer, we'll, Cramer, Calvin Klein, Tommy Hilfiger, he's, Walt Disney, Nelson Peltz, Levi Strauss, Conagra, Slim Jims, Orville Redenbacher's, Boyardee, haven't Organizations: Walt, Disney, Enterprise Products Partners, U.S . Department of Labor Locations: Paychex
More than two years later, only four states — Ohio, New York, Pennsylvania and Hawaii — have opened stations funded by the program. The Biden administration says the federal charging program is on track. The grants will fund 47 EV charging stations and related projects in 22 states and Puerto Rico, including 7,500 charging ports. But even some of the government’s own experts say 500,000 public chargers won’t be enough to meet Biden’s ambitious climate goals. The availability of charging stations is key to persuading Americans to buy EVs.
Persons: Liam Sawyer, Sawyer, , Joe Biden, Biden, Shailen Bhatt, , ” Bhatt, “ We’re, , Gabe Klein, Bhatt, Tesla, Mike DeWine, DeWine, Preeti Choudhary, Loren McDonald, you’re, ” ___ Daly, John Organizations: , Ford, Allegheny National Forest, Pilot Travel, Electric Vehicle Infrastructure, Democrat, Transportation, Walmart, Joint Office of Energy, National Renewable Energy Laboratory, Alternative Fuels Data, Energy Department, Associated Press, NORC, for Public Affairs Research, Energy, Institute, University of Chicago ., Republican Gov, Ohio, Department of Transportation, Public Utilities Commission, Locations: Ohio, Indianapolis, Pennsylvania, Columbus , Ohio, London , Ohio, — Ohio, New York , Pennsylvania, Hawaii, U.S, Maine , Vermont, Colorado, Puerto Rico, America, California, Washington, St, Detroit, AP.org
Recovery efforts are now underway for the missing people, who are presumed dead. People from El Salvador, Guatemala and Mexico among the missing: Miguel Luna, an immigrant from El Salvador, has been identified as one of the missing, according to the nonprofit Miguel Luna, an immigrant from El Salvador, has been identified as one of the missing, according to the nonprofit CASA . Ship blacked out before crash: Just minutes before impact, there was a “total blackout” of engine and electrical power on the ship, according to Clay Diamond, executive director of the American Pilots Association. Eight construction workers were believed to be mending potholes on the bridge when it fell, according to officials. A specialized team will also determine who was controlling the vessel and who was on the ship’s bridge at the time of the crash, she said.
Persons: Francis Scott Key, James Wallace, Wes Moore, “ We’re, Jennifer Homendy, Richard Worley, Miguel Luna, Petén, Clay Diamond, Diamond, “ It’s, , Pete Buttigieg, Joe Biden, US Sen, Chris Van Hollen, Buttigieg, Luna, DALI, , ” Moore, Dali, Tasos Katopodis, Moore, CNN’s Melissa Alonso, Flora Charner, Sarah Engel, Jack Forrest, Allison Gordon, Elise Hammond, Jennifer Henderson, Betsy Klein, Jamiel Lynch, Sean Lyngaas, Mary Kay Mallonee, Lauren Mascarenhas, Pete Muntean, Tori B, Powell, Rachel Ramirez, Amy Simonson, Aditi Sangal, Michael Williams Organizations: CNN, US Coast Guard, Baltimore City Fire, Divers, Maryland Gov, Guard, Transportation Safety, National Transportation Safety, Baltimore Police, CASA, The Ministry of Foreign Affairs, Mexican Embassy, American Pilots Association, Reconstruction, Vital, Transportation, El, Maritime, Port Authority of, Infrastructure Security Agency, Coast Guard, for Disease Control, Gov, Association of Maryland Pilots, , NTSB Locations: Baltimore, , El Salvador, Guatemala, Mexico, San Luis, Camotán, Washington, US, Patapsco, El Salvadoran, Maryland, Port Authority of Singapore
Interest in fixed income has increased over the past year after rising bond yields put them back on investors' radars. Related storiesCorporate bonds with high yields are the new darling as investors dig for returns that beat inflation, Klein said. The Bloomberg US Corporate High Yield Index, a measurement of non-investment grade bonds, has a yield to worst (a measure of the lowest possible yield) of 7.65% and a one-year total return of 12.9%. It's unusual for equities to be doing very well and high yield to be doing poorly, he added. But buyers beware: high-yield bonds are also called non-investment grade and junk bonds, and it's for good reason.
Persons: there's, Goldman Sachs, Patrick Klein, Franklin, Klein, Goldman, don't Organizations: Business, Franklin Templeton, Bloomberg
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