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☆ Wayfair to lay off 13% of workforce, impacting 1,650 employees
▼ + stars: | 2024-01-19 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +2 min

Wayfair is cutting 13% of its global workforce as the digital home goods retailer looks to trim down its structure, cut out layers of management and reduce costs, it announced Friday. The company plans to lay off around 1,650 employees, including 19% of its corporate team, with a focus on people in management and leadership positions, the company said. The restructuring – the third Wayfair has implemented since summer 2022 – is expected to save the company about $280 million, it said. The layoffs come after Hasbro , Etsy and Macy's all announced cuts to their workforces as retailers contend with slowing demand and an uncertain economy. As a result, Wayfair has needed to make cuts to ensure its staffing levels are proportionate to how much business it's doing.

Persons: –, Niraj Shah, Macy's, Wayfair Organizations: New York Stock Exchange, Hasbro, Etsy

☆ Iran Strikes Jihadist Group in Pakistan as Middle East Conflicts Spread
▼ + stars: | 2024-01-17 | by ( Saeed Shah | Benoit Faucon | ) www.wsj.com time to read: 1 min

Gen. Hossein Salami, commander in chief of Iran’s Islamic Revolutionary Guard Corps, in Tehran last month. Photo: abedin taherkenareh/ShutterstockISLAMABAD—Iran hit a jihadist group in Pakistan with a missile and drone strike Tuesday, according to Iranian state media, as a series of conflicts continue to spread across the Middle East in the wake of Israel’s war in Gaza. The target of the unusual attack inside Pakistan was a militant group, Jaish al-Adl, in Pakistan’s remote western province of Balochistan, which has a long border with Iran. Islamabad condemned the attack, which it said had killed two children and injured three more.

Persons: Hossein, abedin, al Organizations: Islamic Revolutionary Guard Corps, Adl Locations: Tehran, Shutterstock ISLAMABAD, Iran, Pakistan, Gaza, Balochistan, Islamabad

☆ The top 9 'must-have' travel experiences of 2024, according to luxury advisors
▼ + stars: | 2024-01-16 | by ( Monica Pitrelli | Jonathan Delise | ) www.cnbc.com time to read: +8 min

If that sounds like a tall order for a summer getaway, the luxury travel company Virtuoso asked 20,000 of its travel advisors to share their top experiences for 2024. Dark sky tourism focuses on rural locations without light pollution, such as Greece's Olympus Mountain National Park. Departing in August, Virtuoso recommends travelers first take in the Olympic Games before departing the city in style. Passion travelsHobbies may be associated with the home, but Virtuoso recommends taking your passions on the road. Virtuoso recommends exploring Peruvian cuisine at the Mistura Food Festival, or checking out the street food of Ljubljana, Slovenia.

Persons: Nicolas Economou, Manoj Shah, Belles, Bhutan's, Young, Peter Adams, Chiang Mai, Koh, Wiphop, Sakura, James Cole, Hillary, Cousteau, Shackleton, pricey, Yasin Akgul, bookworms, Wolfgang Kaehler, Brian Curtice, Levente Bodo, ERNESTO BENAVIDES Organizations: Nurphoto, DarkSky, Stone, InterContinental, UNESCO, Istock, Expedition, Getty, CNBC Travel, Orient, Afp, Departing, Olympic Games, Chelsea Flower, Lightrocket, Festival Locations: stargazing, Norway, Iceland, Canada, Northern Mexico, Blanco , Texas, Albanya, Spain, Africa, Bhutan, Thailand, Pana, Yai, Bangkok, Japan Japan, United States, North America, Japan, Hakodate, Hokkaido, Kyoto, Kanazawa, Fuji's, Antarctica, Paris, Istanbul, Turkey, Asia, Europe, Venice, Turkish, Strahov, Riau, Isla, Ljubljana, Slovenia

☆ A housing expert who nailed the prediction for 2023 says home prices to jump 7% this year
▼ + stars: | 2024-01-16 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Nik Shah, a housing expert who was spot-on in his forecast for last year, said prices could climb 7% in 2024. "Barring a black swan event, we predict that the housing market in 2024 will appreciate more than 2023," Shah told the real estate outlet. Related storiesFor reference, the S&P CoreLogic Case-Shiller National Home Price Index notched a 4.8% annual gain up to October 2023, in line with Shah's estimate. At the same time, aging boomers will lead to an uptick in housing supply, which will should help ease prices. Meanwhile, findings from a separate Zillow survey suggest that the housing market could be breaking free from the "rate lock" phenomenon that froze activity last year.

Persons: Nik Shah, ResiClub, —, Shah, hasn't, Gen Z Organizations: Service, metros, Owners Locations: Austin, Boise, Denver

☆ Qatar Pauses Red Sea Tankers After Western Strikes on Houthis
▼ + stars: | 2024-01-15 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +3 min

In the latest shift by a major firm, state-owned QatarEnergy has held at least four LNG tankers back from the Red Sea, a senior source said, adding that production continues. On Monday, carmaker Suzuki said production would halt at its Esztergom plant in Hungary from Jan. 15-21 as the Red Sea attacks had delayed the arrival of Japanese-made engines. U.S. ally Britain said it had no desire to be involved in a Red Sea conflict but was committed to protecting the right of free navigation. The Al Rekayyat, which was sailing back to Qatar, stopped along its route on Jan. 13 in the Red Sea. "It is a pause to get security advice, if passing (through the) Red Sea remains unsafe we will go via the Cape," the source told Reuters on Monday about QatarEnergy.

Persons: Andrew Mills, Maha, Maha El Dahan, QatarEnergy, carmaker Suzuki, Britain, Grant Shapps, Qatar's Al Ghariya, Al Huwaila, Al, Ras Laffan, Al Rekayyat, Maha El, Emily Chow, Sachin Ravikumar, Chandni Shah, Andrew Cawthorne, Catherine Evans Organizations: Houthi, Reuters, Qatari Locations: Maha El, Maha El Dahan DOHA, WASHINGTON, Yemen, Gaza, Saudi, Israel, The U.S, U.S, Esztergom, Hungary, Ras, Suez, Oman, Jan, Qatar, Red, Europe, Asia, Aden, Djibouti, Davos, Singapore, Doha, London, Bengaluru

☆ US Says It Shot Down Anti-Ship Cruise Missile From Houthi-Controlled Areas
▼ + stars: | 2024-01-14 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +2 min

WASHINGTON (Reuters) - U.S. fighter aircraft shot down an anti-ship cruise missile fired from Houthi militant areas of Yemen toward a U.S. destroyer operating in the Southern Red Sea, the U.S. military said on Sunday. The midair interception is the latest incident in the Red Sea where the Houthis have been attacking international shipping in what they say is a campaign to support Palestinians under seige from Israeli forces in Gaza. It follows a series of American and British airstrikes on Houthi targets in Yemen that have drawn threats of a "strong" response from the Iranian-backed militia. Earlier on Sunday, the Houthis complained that U.S. aircraft were observed flying close to Yemeni airspace and coastal areas. Houthi spokesman Mohammed Abdulsalam described the activity by "enemy" aircraft as a blatant violation of national sovereignty.

Persons: CENTCOM, Mohammed Abdulsalam, Natalia Olivia, Chandni Shah, Raphael Satter, Kim Coghill, Neil Fullick Organizations: WASHINGTON, U.S, British, U.S . Central Command, Reuters, Hamas Locations: Yemen, U.S, Gaza, Yemen's, Hodeidah, Yemeni, Israel, Tehran, Akrotiri, Cyprus, Palestine, Bengaluru

☆ Consumer prices rose 0.3% in December, higher than expected, pushing the annual rate to 3.4%
▼ + stars: | 2024-01-11 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

The consumer price index increased 0.3% for the month, higher than the 0.2% estimate at a time when most economists and policymakers see inflationary pressures easing. Excluding volatile food and energy prices, the so-called core CPI also rose 0.3% for the month and 3.9% from a year ago, compared with respective estimates of 0.3% and 3.8%. On annual basis, shelter costs increased 6.2%, or about two-thirds of the rise in inflation. Food prices increased 0.2% in December, the same as in November. "Certainly, as long as shelter inflation remains stubbornly elevated, the Fed will keep pushing back at the idea of imminent rate cuts."

Persons: Dow Jones, Seema Shah Organizations: Labor Department, Energy, of Labor Statistics, Federal Reserve, Fed, Asset Management Locations: U.S

U.S. President Joe Biden addresses the hostage situation in Gaza during a meeting about fentanyl in the Roosevelt Room at the White House, Washington, U.S., November 21, 2023. House Speaker Mike Johnson, R-La., spoke with President Joe Biden about border security Wednesday, according to Johnson spokesman Raj Shah. "Speaker Johnson spoke with President Biden today," Shah said in a statement. A senior Biden administration official said the White House has not closed the door to an in-person meeting between Biden and Johnson, but no such meeting has been scheduled. Congress must pass some spending bills by Jan. 19 and others by Feb. 2 to avoid a government shut down.

Persons: Joe Biden, Mike Johnson, Johnson, Raj Shah, Biden, Shah, Jan Organizations: White House, Biden, White, Republicans Locations: Gaza, Washington , U.S, U.S, Canada

☆ Best travel destinations to visit in 2024
▼ + stars: | 2024-01-01 | by ( Cnn Travel Staff | ) edition.cnn.com time to read: +32 min

cdwheatley/iStockphoto/Getty Images Angola: Beyond the capital city of Luanda, pictured, Angola has some jaw-droppingly spectacular scenery and cultural treats. David ChiaFF/Alamy Stock Photo Mérida, Mexico: Yucatán state's capital city showcases a blend of Mayan and colonial heritage. Pavel Tochinsky/The Image Bank RF/Getty Images Morocco: This North African country is home to nine UNESCO sites, including the historic city of Meknes, pictured. Panama City is also the only world capital with a tropical rainforest within its city limits. And a historic city forever entwined with the famed Camino de Santiago.

Persons: you’d, Tengguo Wu, Gabriele Thielmann, Turkey's, Gary Ennis, Matevz, Bill Bachman, Christian Kober, Gonzalo Azumendi, David ChiaFF, Pavel Tochinsky, Terry Kelly, Raul Rodriguez, iStock, Anton Petrus, –, — Karla Cripps Turkey’s, — Barry Neild, Mana Kaasik, — Maureen O’Hare, — Maggie Hiufu Wong, Deb Snelson, Glen Arbor, Marnie Hunter, — Forrest Brown, — Forrest Brown Angola Cristo, Eric Lafforgue, it’s, King, Eric Carr, John’s, Saint John, New Brunswick —, —, Tuul, Bruno Morandi, — Julia Buckley, Groenewald, Alamy, — Lilit Marcus, Alexander the Great, Philip II of Macedon, — JB, Bogdan Lazar, — Tamara Hardingham, Gill, Hercules, Francesca, Lazarus, ”, David Casanova, Megan Sequeira Casanova, “, Kuka y Naranjo, medina, Gordon Sinclair, Yvette Cardozo, — FB, Pierce Ingram, Stefan Tomic, Fujairah, who’ve, Samarkand —, It’s Organizations: CNN, United, CNN Travel, Getty Images, Town, Getty, Northwest, Saint, New Brunswick Tourism, UNESCO, Heritage, Alamy, Parque Nacional Volcán Barú, Galicia, Tercera Orden, Parque, Bank, Wakulla Springs, Texas, United Arab Emirates, AP, Rock, of Culture, Estonian National Museum, — Maggie Hiufu Wong Northwest Michigan, Bear, Farm, Riders, Lubango, — BN Saint John, Canada Tourists, St, Saint John City Market, Historic, Saint John Arts Centre, Carnegie, Carnegie Library, — KC, Korea, Folk, Netflix, South Korea, Adriatic, Nacional Glaciares, Australian Sea Lions, Panama, Spain Santiago de, Spain Santiago de Compostela Cathedral, Islas, Camino, Mexico People, YouTube, US State Department, Morocco, Regis Hotels, Resorts, — FB Texas, Travel Texas, Krause, Gruene, Fujairah, Icefjord, FS, Tuul, ” Locations: United States, Sumba, Indonesia Sumba, Indonesia, Bali, Getty Images Tartu, Estonia, Tartu —, European, Tainan, Taiwan, Northwest Michigan, Traverse City, Lake Michigan, iStockphoto, Western Balkans, Culebra , Puerto Rico, Flamenco, Culebra, cdwheatley, Angola, Luanda, , New Brunswick, Fundy, New Brunswick, New Brunswick Tourism South Korea, Korea Albania, Albania, Chile, mauritius, Western Australia, Greece, Macedonia, American, Panama, Spain, Camino, Santiago, St, John's, Mexico, Parque Hidalgo, Morocco, Meknes, Florida, Spicewood, Anton, Greenland, Denmark, AP Uzbekistan, Bukhara, Indonesian, Sumela, Turkey's, — Barry Neild Tartu, Estonia Tartu, of Culture Tartu, Tartu, “, Baltics, — Maureen O’Hare Tainan, Taiwan Tainan, Taipei, — Maggie Hiufu Wong Northwest, Lake, Traverse, Leland, Glen, perusing, Balkans, Slovenia, Bosnia, Herzegovina, North Macedonia, Serbia, transdinarica.com, —, Puerto Rico, It’s, — Forrest Brown Angola, Lubango, Barra, Cabo Ledo, — BN Saint John , New Brunswick, Canada, Hopewell, Newfoundland, Saint, Canada’s, Korea Andong, South Korea, Sanga, Korea, Seoul, Busan, Andong, Albania Albania, Berat, Montenegro, Vlorë, Gjirokastër, — Julia Buckley Chile, Atacama, Patagonia, Coral Coast, Geraldton, — Lilit Marcus Macedonia, Thessaloniki, Greece's, Hemis, Athens, Vergina, Veria, Naousa, Greece’s, Thrace, Philippi, Kavala, Panama . Panama City, Gill Galicia, Spain Santiago, Spain Santiago de Compostela, Galicia, Galicia’s, Santiago de Compostela, Cabo, Fisterra, Galicia —, Singapore, John’s, Paseo, Montejo, Mérida, Yucatán, getaways, there’s, Marrakech, Rabat, Fes, Resorts Morocco, Wakulla, Ginnie, Fredericksburg, Texas, Marble Falls, Meanderers, New Braunfels, Dubai, Abu Dhabi, Wadi, Nuuk, Ilulissat, West, FS Uzbekistan, Samarkand, Uzbekistan, China, India, Khiva, Uzbek, Sentob, Tashkent

☆ I moved to Finland after reading it's the happiest place on Earth. It's exceeded all my expectations.
▼ + stars: | 2023-12-28 | by ( Pooja Shah | ) www.businessinsider.com time to read: +5 min

Read previewThis as-told-to essay is based on a conversation with Jorge Reyes , a 27-year-old professional from Bogotá, Colombia, who moved to Finland less than a year ago. Finland was the opposite of my hometown in Bogotá, Colombia, and completely unlike my Caribbean background, where 40 degrees Celsius, beaches, and sunshine are the norm. I saw on social media that Finland was ranked one of the happiest countries in the world. Ironically, Colombia was up there on this list, but I felt I needed to experience Finland for myself. I'm sure smaller cities within Finland might not be as receptive to foreigners as the bigger cities, but they're becoming increasingly inclusive.

Persons: —, Jorge Reyes, weren't, I'd, I've, I'm Organizations: Service, Business, LinkedIn, Helsinki Families Locations: Bogotá, Colombia, Finland, Helsinki, Spain, acclimate, Europe, Sweden, London, Estonia, Amsterdam, Italy, Paris

☆ White House announces new steps toward launching its climate corps for young people
▼ + stars: | 2023-12-19 | by ( Lucas Thompson | ) www.cnbc.com time to read: +5 min

US President Joe Biden speaks alongside Ritika Shah, award-winner of the first-ever National Climate Assessment Art x Climate competition, about his administrations actions to combat climate change in the Eisenhower Executive Office Building adjacent to the White House in Washington, DC, November 14, 2023. The highly anticipated first steps for the American Climate Corps, or ACC, were shared exclusively with NBC News on Tuesday, as the administration seeks to launch the first cohort by next summer. After facing setbacks in Congress, the Biden administration has unlocked funding to launch its American Climate Corps, a new federal program that looks to employ thousands of young Americans in the clean energy, conservation and climate resilience sectors. The White House now hopes to use funds for climate-minded programs across multiple agencies to carry out the vision of the American Climate Corps. Five states — California, Colorado, Maine, Michigan and Washington — have already launched climate corps programs, and the federal program will lean on them as implementing partners.

Persons: Joe Biden, Ritika Shah, Franklin, Alexandria Ocasio, Sen, Ed Markey, Biden, Bernie Sanders, Maggie Thomas, Washington —, hasn't, Thomas, Rosemary Enobakhare, Enobakhare Organizations: White, Civilian Conservation Corps, White House, ACC, Rep, Commerce, Agriculture, Labor, Energy, Environmental Protection Agency, AmeriCorps, American Climate Corps, NBC, U.S . Capitol, Washington, Corps, EPA Locations: Washington , DC, Puerto Rico, Alexandria, Cortez, Washington ,, — California, Colorado , Maine , Michigan

☆ I've made $27K renting my clothes to strangers. Here's how I started this side hustle that takes 1 hour a day.
▼ + stars: | 2023-12-08 | by ( Pooja Shah | ) www.businessinsider.com time to read: +6 min

I was shocked at how many dresses she had for the wedding and asked her how she did it. She told me she rented them on a platform called By Rotation , a website where you can rent out clothes and accessories. Over the past 18 months, I have made over £21,392, or nearly $27,000, by renting on By Rotation and Hurr. AdvertisementI reinvest some of my rental earnings to buy more inventoryI reinvest some of my rental income by buying a couple of dresses a month, building my inventory. Make your wardrobe work for you, but don't rent out items with sentimental attachments on the rare chance they get damaged.

Persons: —, Jessica Templeton, Jess, It's, Templeton, Jess Templeton, I'm, I've Organizations: Service, Business Locations: Buckinghamshire, England, London

☆ Take-Two's Rockstar Games unveils 'GTA VI' trailer, to release game in 2025
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +1 min

Grand Theft Auto The Trilogy by Take-Two Interactive Software Inc is seen for sale in a store in Manhattan, New York City, U.S., February 7, 2022. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsDec 4 (Reuters) - Rockstar Games, owned by Take-Two Interactive Software (TTWO.O), on Monday released a trailer of the latest installment of its best-selling "Grand Theft Auto" (GTA) videogame franchise, ending a years-long wait. "GTA VI" will be released in 2025, according to the trailer posted to the studio's YouTube channel, after a version was leaked on social media. The teaser for the game came in more than a decade after the launch of its predecessor and will coincide with the 25th anniversary of Rockstar Games. A hack last year released dozens of development videos of "GTA VI", showing footages of robberies, gunplay and open-world driving in what was one of the biggest gaming leaks.

Persons: Andrew Kelly, Grant, Chandni Shah, Sherry Jacob, Phillips Organizations: Inc, REUTERS, Rockstar Games, YouTube, Thomson Locations: Manhattan , New York City, U.S, Bengaluru

☆ CVS to change how it prices prescription drugs with new pharmacy reimbursement model
▼ + stars: | 2023-12-05 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +3 min

CVS Health on Tuesday said it will revamp how it prices prescription drugs and scrap a complex model that typically sets how much pharmacies get reimbursed and what patients pay for those medications. CVS' new model could change the cost of prescription drugs for some patients, but it will not necessarily make all medicine cost less, company executives said. Lynch told CNBC: "It's a cost plus markup, plus a fee. Billionaire Mark Cuban last year launched an online pharmacy that takes a similar approach to CVS' new reimbursement model. The company, called Cost Plus Drugs, aims to drive down the price of medicines broadly by selling them at a set 15% markup over their cost, plus pharmacy fees.

Persons: Karen Lynch, Lynch, Prem Shah, markups, Billionaire Mark Cuban, Cuban Organizations: CVS Health, CVS, CNBC, Billionaire

☆ CVS will change the way it prices drugs
▼ + stars: | 2023-12-05 | by ( Tami Luhby | Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

New York CNN —CVS is revamping the way it reimburses its pharmacies for prescription medications, a move that could make prescription drug pricing simpler and change how much consumers pay for their medicines. It’s a similar model to the one entrepreneur Mark Cuban is pushing with his Cost Plus Drugs company. This shift in payment models could change the cost of prescription drugs for some patients, although it will not necessarily make all medicine cost less. Some drugs may cost less, while others might rise in price, CVS executives said. Americans spend around $1,200 a year on average for prescription drugs — more than any other country — according to the Organization for Economic Co-operation and Development.

Persons: Mark Cuban, ”, Prem Shah, Nick Fabrizio, Fabrizio, they’ve Organizations: New, New York CNN, CVS, Plus, CVS Pharmacy, CVS Health, Cornell University, Organization for Economic Co, Kaiser Family Foundation, Amazon Pharmacy, Cuban, Plus Drug, Blue Locations: New York, California

☆ House Speaker Johnson wants to blur January 6 footage to protect Capitol rioters
▼ + stars: | 2023-12-05 | by ( Holmes Lybrand | Haley Talbot | ) edition.cnn.com time to read: +3 min

CNN —House Speaker Mike Johnson said Tuesday that before publicly releasing footage of the US Capitol attack on January 6, 2021, the faces of the mob will be blurred to protect them from the Justice Department. The Louisiana Republican said during a news conference that he wants to make sure rioters don’t get prosecuted. “We’re going through a methodical process of releasing them as quickly as we can,” Johnson said. The Department of Justice already has access to raw footage from January 6, 2021,” Shah wrote. In mid-November, Johnson announced that he planned to release the Capitol Hill security footage that does not contain sensitive information but did not mention blurring out faces.

Persons: Mike Johnson, don’t, “, ” Johnson, Raj Shah, Johnson, ”, ” Shah Organizations: CNN —, Justice Department, The, The Louisiana Republican, DOJ, Capitol, of Justice, FBI, Alcohol, Tobacco, Firearms, Explosives, DC police, Republican National Committee, Democratic National Committee Locations: The Louisiana, DC’s, Washington, Capitol Hill

☆ How Mark Cuban forced the biggest US pharmacy to upend its business
▼ + stars: | 2023-12-05 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +5 min

The new program includes a set markup for medication costs, a step toward drug pricing transparency. The retailer has been facing pressure from new models like Mark Cuban Cost Plus Drugs. They've been especially focused on pharmacy-benefit managers and the lack of transparency around how much drugs cost. How Mark Cuban changed drug pricingCuban's pharmacy buys drugs directly from manufacturers and sells them to consumers at a 15% markup, plus pharmacy fees. AdvertisementBut the announcement looks to be a step in the right direction for drug pricing transparency.

Persons: —, Mark, Prem Shah, Mark Cuban, GoodRx, PBMs, Kroger, it's Organizations: CVS, Cuban, Plus, Service, Mark Cuban, Federal, US Federal Trade Commission, CVS Health, Kroger, Walgreens, Drug, Wall Street Locations: California

☆ Supreme Court questions opioid liability protections for Sackler family
▼ + stars: | 2023-12-04 | by ( Lawrence Hurley | ) www.cnbc.com time to read: +4 min

WASHINGTON — Members of the Supreme Court seemed conflicted on Monday over whether to allow the bankruptcy reorganization of opioid maker Purdue Pharma, which includes a provision that protects the Sackler family from liability from future lawsuits. During the oral argument, justices expressed skepticism that a bankruptcy court had legal authority to release the Sacklers from potential legal claims. No Sackler family member has had any involvement in the company since 2019. The company sought bankruptcy protection, but the Sackler family members did not. She added that it would be "an extraordinary thing" if the court allowed the family to "basically subvert" the bankruptcy process.

Persons: Sackler, Pharm, Biden, Neil Gorsuch, Brett Kavanaugh, Elena Kagan's, Kagan, Pratik Shah, Elizabeth Prelogar Organizations: WASHINGTON, Purdue Pharma, New York's Southern, Federal Court, Purdue Locations: New York's, White Plains

"After these results, it looks like there is no stopping Modi," said Yashwant Deshmukh, poll expert with C-Voter agency, adding that stopping Modi would be a "herculean task". The BJP won the regional votes in three of four major states, including central Rajasthan and Chhattisgarh which were ruled by Congress. One of the challenges facing the opposition are the factious ties within the INDIA alliance. Congress refused to share seats in state polls with key regional ally the Samajwadi Party. "The future of the alliance is good if the Congress party works on it with full commitment," he said.

Persons: India's, Narendra Modi, of Home Affairs Amit Shah, Narendra Modi's, Modi, Yashwant Deshmukh, Rahul Gandhi, Manish Tewari, Manoj Kaka, Gandhi, Baijayant Panda, Saurabh Sharma, Miral Organizations: Bharatiya Janata Party, BJP, Indian, Union, of Home Affairs, Narendra Modi's Bharatiya Janata Party, Voter, Congress, Reuters, Samajwadi Party, Thomson Locations: Ahmedabad, India, DELHI, Britain, Rajasthan, Chhattisgarh, Karnataka, INDIA, Lucknow

☆ After years of building up its navy, Saudi Arabia is testing its new warships with real-world missions
▼ + stars: | 2023-11-30 | by ( Paul Iddon | ) www.businessinsider.com time to read: +7 min

Saudi Arabia has invested heavily in its navy in recent years, buying a number of new warships. AdvertisementThe first of the Spanish-built corvettes, Al Jubail, arrived at the Saudi naval base in Jeddah in August 2022. Patrol boats for Saudi Arabia at a German shipyard in April 2019. During that decade, Saudi Arabia initiated the first Saudi Naval Enhancement Program, which equipped its navy with modern American, French, and British warships. The current buildup, called Saudi Naval Enhancement Program II, or SNEP II, is the most significant one since then.

Persons: —, Leonardo Jacopo Maria Mazzucco, MCS3 Louis Thompson Staats, Mazzucco, Al Jubail, Juan Carlos Toro, Lockheed Martin, Stefan Sauer, Nixon, Shah, HMS Badr, Paul Iddon Organizations: Service, Saudi, Royal Saudi Naval Forces, Combined Maritime Forces, International, Analytics, Stimson Center, US Navy, Royal Saudi Naval Force, Getty, RIM, Saudi Western Fleet, Saudi Eastern Fleet, Lockheed, Fleet, Saudi Naval Enhancement, Islamic Revolutionary Guard Corps, IRGC Navy, SNEP Locations: Saudi Arabia, Riyadh, Persian, Saudi, Iran, Yemen, Washington, Al, Madinah, Navantia's, Cádiz, Spain, Jeddah, East Africa, Iraq, Gulf

☆ Nashville's startup scene is booming. Here's why investors and founders are moving to 'Music City'
▼ + stars: | 2023-11-30 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +11 min

NASHVILLE, TENNESSEE - SEPTEMBER 1, 2019: Tourists visit the bars and country music venues in the Lower Broadway entertainment district in Nashville, Tennessee. As more investors and founders are flocking to explore Nashville's booming health care and technology scene, Shah said he gets recognized regularly. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty ImagesNicknamed "Music City," Nashville is chock-full of country singers and perpetually buzzing with live music. (Photo by Robert Alexander/Getty Images) Robert Alexander | Archive Photos | Getty ImagesNashville's health tech startup scene has also benefited from significant investment from local organizers and government officials. Eligible Nashville entrepreneurs can also become members of the Greater Nashville Technology Council and the Nashville Health Care Council.

Persons: Robert Alexander, Robin Shah, Shah, Pavlo Gonchar, Kyle Cooksey, Bill Frist, Cooksey, John Bass, Bass, Ellen Herlacher, Luke Benda, it's, Cerner, It's, Vanderbilt, Marcus Whitney, Whitney, Benda, Landon Gibbs, Gibbs, Raelyn Wilson, Wilson Organizations: Tourists, Broadway, Getty, Thyme, CNBC, Nashville, Nashville Health Care, Healthcare, HCA, Community Health Systems, Acadia Healthcare, Vanderbilt University, Vanderbilt University Medical Center, Belmont University, Meharry Medical, Monogram Health, Downtown, Istock, Amazon, Oracle, Bank, Greater Nashville Venture Capital Association, Center, Nashville Area, of Commerce, Force, Ventures, Greater, Greater Nashville Technology Council, Nashville Health Care Council, HCA Healthcare Locations: NASHVILLE , TENNESSEE, Nashville , Tennessee, Fort Lauderdale , Florida, Nashville, UKRAINE, U.S, Acadia, Downtown Nashville , Tennessee, Music City, Rocky, Colorado, Boston, Greater Nashville, Cumberland

☆ Rate cut expectations for next year have gone too far, says Seema Shah
▼ + stars: | 2023-11-30 | 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 EmailRate cut expectations for next year have gone too far, says Seema ShahSeema Shah, Chief Global Strategist at Principal Asset Management, discusses the markets and potential for a recession.

Persons: Seema Shah Seema Shah Organizations: Global, Asset Management

☆ Cash versus bonds? Pros weigh what to buy for the next 2 years and beyond
▼ + stars: | 2023-11-30 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

That's quite similar to what investors can get on government bonds, while high-quality corporate bonds yield more nearly 6.5% in the U.S. and U.K., and 4.6% in Europe. Here's what the pros say on how to invest within the fixed income space — cash or bonds — in the next two years and beyond. Schroders' Head of Strategic Research Duncan Lamont also stated his preference for bonds, saying that putting your money in cash means being exposed to interest rate fluctuations. And those rates are higher than cash — at 6.2% for corporate bonds with an average maturity of three years, and 6.5% on high-quality U.S. corporate bonds with an average tenure of 10 years, noted Lamont. "Fixed income is experiencing greater inflows than equities in the US and the same trend relative to cash in Europe.

Persons: Schroders, Luis D, Alvarado, Duncan Lamont, Lamont, Ashish Shah Organizations: Wells, Wells Fargo Investment Institute, Fed, CNBC Pro, Strategic, U.S . Federal, Goldman, Management, Goldman Sachs Asset Management Locations: U.S, Europe, Wells Fargo

DOHA, Qatar—The chief brokers of the Israel-Hamas hostage-prisoner exchange are pushing the two sides for a long-term cease-fire that would prolong the truce in Gaza beyond the current two-day extension and start talks that would end the war altogether, said Egyptian and Qatari officials. A long-term cease-fire would likely require Israel and Hamas to make hard-to-swallow concessions, such as trading Israeli soldiers for potentially thousands of Palestinian prisoners in Israeli jails, the officials said. And it would require Israel to hold back on an offensive in southern Gaza intended to capture the strip and kill Hamas’s top leadership, the officials said. Hamas could also have to accept demilitarization, they added.

Locations: DOHA, Qatar, Israel, Gaza

DOHA, Qatar—The chief brokers of the Israel-Hamas hostage-prisoner exchange are pushing the two sides to prolong the cease-fire in Gaza through the end of the week and start talks on a permanent truce that would end the war altogether, said Egyptian and Qatari officials. A long-term cease-fire would likely require Israel and Hamas to make hard-to-swallow concessions, such as trading Israeli soldiers for potentially thousands of Palestinian prisoners in Israeli jails, the officials said. And it would require Israel to hold back on an offensive in southern Gaza intended to capture the strip and kill Hamas’s top leadership, the officials said.

Locations: DOHA, Qatar, Israel, Gaza

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