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The Trump transition team did not immediately respond to a request for comment. Lebanon’s ancient heritage faces Israeli airstrikesRubble and destruction caused by an Israeli airstrike near the historic Roman temple in Baalbek, Lebanon, on Nov. 7. The war in Lebanon has killed more than 3,200 people and displaced more than a million others, according to Lebanese officials. The conflict has also taken a toll on the nation’s unique heritage at the crossroads of ancient Phoenician, Egyptian, Greek, Persian and Roman civilizations. The Israel Defense Forces’ latest attacks on northern Gaza’s besieged city of Beit Lahiya killed “about 100” people, Mahmoud Basal, a spokesperson for Gaza’s Civil Defense, told NBC News on Sunday.
Persons: , Joe Biden, Matt Gaetz, Gaetz, Pete Hegseth, Timothy Parlatore, ” Parlatore, Hegseth, Marwan Naamani, amphitheaters, ’ citadels, Beit Lahiya, Mahmoud, Press Sen, Markwayne Mullin, Robert F, Kennedy Jr, I’ve, ” Mullin, Kristen Welker, Kennedy, Mullin, , Leila, aren’t, Mike Peditto, Martin Mejia Organizations: Trump, U.S, Trump Cabinet, Republicans, NBC, Justice Department, Republican, ZUMA, NBC News, United Nations, Israel Defense Forces ’, Civil Defense, Press, Department of Health, Human Services, , Intelligence, American Society of Tropical Medicine, Hygiene Locations: Afghanistan, California, Baalbek, Lebanon, Mhaibib, Nabatiyeh, Gaza’s, Beit, Talara, Peru, Americas
And Mike Tyson and Jake Paul will face off in a boxing match. The ‘Department of Government Efficiency’ won’t be an actual ‘department’ — or be inside the governmentElon Musk, Vivek Ramaswamy. The two were tapped to lead the “Department of Government Efficiency” (or “DOGE,” a play on a cryptocurrency Musk has promoted). But DOGE isn’t a “department” like the Department of Education or the Department of Homeland Security. Trump said DOGE will “provide advice and guidance from outside of Government,” and Musk and Ramaswamy’s work will be completed by July 4, 2026.
Persons: Donald Trump’s, Elon Musk, Vivek Ramaswamy, Laken, Mike Tyson, Jake Paul, , isn’t, Trump, Ramaswamy, Musk, Max Stier, Alex Jones ’, Alex Jones —, Sandy Hook, Jones, Alex Jones, Laken Riley Laken Riley, Laken Riley, Jose Antonio Ibarra, Ibarra, Riley, Jeff Clark, Clark, Tyson, Paul, Shayne Copeland, Rudy Giuliani, — Josh Feldman, Elizabeth Robinson Organizations: ‘ Department, Government, AFP, Getty, “ Department, Department of Education, Department of Homeland Security, FBI, Education Department, Trump, Partnership for Public Service, , NBC, Prosecutors, University of Georgia, University Police, Netflix, WHO, CDC, Staff Locations: Government, Athens, Venezuelan, Georgia’s Fulton County, Iran, Solomon Islands
In both of the past two quarters, Home Depot's revenue would have fallen year over year if SRS' sales were excluded. Melissa Repko | CNBCA jolt to the businessFor Home Depot, the expansion into the pro business comes at a challenging time. With housing turnover near its lowest in decades, the pro business has also felt pressure. Grom said Home Depot's growing pro business is what helps to attract investors and set it apart from its main competitor, Lowe's . The SRS deal and the focus on pro does not mean Home Depot is abandoning efforts to jolt the rest of its business.
Persons: Melissa Repko, Ted Decker, Decker, Dan Tinker, Joe Feldman, Chuck Grom, Gordon Haskett, Group's Feldman, it's, Grom, Tinker Organizations: Texas Pool Supply, CNBC, Depot, Home Depot, Telsey Advisory, Home, Federal Reserve, Lowe's Locations: Texas, CNBC PLANO , Texas, Dallas, Atlanta, Los Angeles, U.S
Texas is the highest-ranked SEC team in the College Football Playoff at No. But the SEC team that no one wants to play right now is one that isn’t even in the top 10. Advertisement“If you ask me right now which team I’d least want to face, it’s Ole Miss,” said an SEC defensive coordinator of a Top 25 team. Ole Miss has 23 more TFLs than anyone else in the SEC (103) and 18 more than anyone else in the country. A big piece of that impact is due to the commitment Ole Miss made this offseason to upgrading its talent in the trenches through the portal.
Persons: it’s Ole, , “ They’re, Trey Amos, , Suntarine Perkins, Princely, Jared Ivey, Pegues, he’s, Walter Nolen, Tre Harris, Harris ’, Kirby Smart, Ole Miss, Ole, Randall Joyner, Larry Johnson, Broyles, Pete Golding, Ivey, Nolan, Chris Paul Jr, T.J, Dottery, Amos, John Saunders, Khari Coleman, overset, ” Umanmielen, Perkins, Golding, He’s, ” Suntarine Perkins, Petre Thomas, I’m, Curt Cignetti, Cignetti, James Madison, JMU, Lance Leipold Organizations: SEC, College Football, Ole Miss, Georgia, Rebels, Saturday, Clemson, Georgia Tech, TCU, Athletic, LSU, SEC DC, Hoosiers, Indiana University of Pennsylvania, Pennsylvania State Athletic Conference, Elon, CAA, Coastal Athletic Association, Division Locations: Georgia, Texas, Alabama, Florida, Arkansas, Miami ( Ohio, Auburn, Indiana
He let his coaches coach.”“It was all coaching,” Robinson told The Athletic in 2020. He became the Ducks’ offensive coordinator in 1960, after graduating, before taking the same job at USC under legendary USC coach John McKay in 1972. When McKay left USC to coach the NFL expansion team Tampa Bay Buccaneers in 1976, Robinson succeeded him. Advertisement“That was a great team,” Hall of Fame safety Ronnie Lott told The Athletic in 2020. “Coach Robinson would say we could go play the Rams any day and we’ll kick their butt.
Persons: John Robinson, Robinson, John Madden’s, , , Paul McDonald, ” John Robinson, tPvQVFBcIO —, Anthony Munoz, Ronnie Lott, Marcus Allen, Bruce Matthews, Dennis Smith, Joey Browner, Chip Banks, Don Mosebar, Roy Foster, Hoby Brenner, Charles White, Keith Van Horne, Jeff Fisher, Riki Ellison, Ed Reed, Andre Johnson, Clinton Portis, Allen, White, “ John Robinson, Van Horne, , ” Robinson, Hudson Houck, we’re, ” Norv Turner, John McKay, McKay, they’d, would’ve, Sean McVay, “ He’s, McDonald, Richard Mackson Organizations: NFL, USC, tPvQVFBcIO — USC Football, Alabama, resoundingly, Pro Football Hall of Famers, Trojans, NFL Pro, Chicago Bears, San Francisco 49ers, Miami Hurricanes, Athletic, LA Rams, Rose Bowl, Ducks, Madden’s Oakland Raiders, Tampa Bay Buccaneers, Rose, Stanford, , of Fame, , Rams, NFC, UNLV, Rebels, LSU, Tigers, Getty Locations: Daly City, Calif, Baton Rouge , Louisiana, Birmingham, Oregon, Baton Rouge, La
CNN —Supreme Court Justice Amy Coney Barrett stands apart. And that is why Barrett has become the best hope for what remains of the liberal wing, particularly after Trump’s election victory. As Trump returns to the White House, the Supreme Court may be even more positioned to check the balance of powers. Nonetheless, progressives have few options, and an uncertain horizon, and cannot help but imbue Barrett with hope. “As Justice Barrett said…,” is a common Kagan refrain, too.
Persons: Amy Coney Barrett, Donald Trump’s, Barrett, Trump, imbue Barrett, Sandra Day O’Connor, Reagan, Anthony Kennedy, Sonia Sotomayor, Elena Kagan, Ketanji Brown Jackson, Barrett homed, Sotomayor, , Kagan, Kagan interjected, , Richard Glossip, Brett Kavanaugh, Thomas, Roberts, Kavanaugh, Adam Feldman, Jake Truscott, Republican centrists O’Connor, Kennedy, Lewis Powell, Ruth Bader Ginsburg, Dobbs, Antonin Scalia, Scalia’s, Scalia, Jesse, Warren Burger, Clarence Thomas, Samuel Alito, Neil Gorsuch, they’ve, Gorsuch, ” Barrett, Jackson, Alito, ” Alito, Biden, Justice Roberts, CNN Kagan, Barrett’s, Roe, Wade, , ’ Barrett, Adrian Zackheim, Justice Barrett, ” Zackheim, Sentinel publicists, Sen, Mitch McConnell, McConnell, Barack Obama’s, Merrick Garland, Ginsburg Organizations: CNN, Republican, White, Republicans, Representatives, Notre Dame, Trump, Democratic, Glossip, Jackson, Health Organization, New York, Association, Harvard, ., Biden, Capitol, of Education, Ronald Reagan, Sentinel, Penguin Random, Wall Street, University of Louisville McConnell Center Locations: America, Oklahoma, , . United States, New Orleans, Washington, Haiti, Idaho, California, Louisville
Home Depot could be a beneficiary of the Federal Reserve's latest rate cutting cycle, according to Telsey Advisory Group. The investment firm upgraded shares of the home improvement retailer to outperform from market perform ahead of Home Depot's third-quarter earnings release on Tuesday. Analyst Joseph Feldman also lifted his price target to $455 from $360, which implies upside of 14% from Thursday's close. As a catalyst, Feldman cited upcoming Fed rate cuts. Home Depot shares are up more than 15% year to date.
Persons: Joseph Feldman, Feldman, Hurricanes Helene Organizations: Advisory, Fed, Traders, Hurricanes, Home Depot Locations: Thursday's, Milton
Teri Garr, the Oscar-nominated comedic actor best known for her spirited performances in classics such as "Young Frankenstein," "Close Encounters of the Third Kind" and "Tootsie," died Tuesday in Los Angeles, according to her publicist and friend Heidi Schaeffer. Marty Feldman, Gene Wilder and Teri Garr in "Young Frankenstein." Teri Garr in 1992. "The person I always think of is Teri Garr," Tina Fey was once quoted as saying. "There was a time when Teri Garr was in everything.
Persons: Teri Garr, Oscar, Young, Heidi Schaeffer, Schaeffer, Garr, Johnny Carson, Elvis Presley, Francis Ford Coppola's, Gene Wilder's, Inga, Mel Brooks, Marty Feldman, Gene Wilder, Steven Spielberg, Richard Dreyfuss, Dustin Hoffman's, Martin Scorsese, Robert Altman, Porter, Coppola, Michael Keaton, Lisa Kudrow's, NBC Teri Ann Garr, Jack Nicholson, Garr's, Sonny, Cher, Garr's doggedness, Pauline Kael, there’s, Tina Fey Organizations: Hollywood, NBC, Yorker, CBS, Getty, CNN Locations: Los Angeles, bewilderment, Ohio, New York City
CNN —Teri Garr, an Oscar-nominated actress known for her work in films like “Young Frankenstein,” “Tootsie” and “Mr. Marty Feldman, Cloris Leachman, Gene Wilder and Teri Garr in "Young Frankenstein." Actress Teri Garr was diagnosed with multiple sclerosis in 1999. Throughout the ’90s, Garr appeared in 1991’s “Good & Evil,” 1994’s “Good Advice” and 1995’s “Women of the House.”Garr was known for her slightly addled and zany comic timing, which naturally made her the perfect candidate to play mother to Lisa Kudrow’s Phoebe Buffay on “Friends.” Garr appeared in three episodes total over the third and fourth seasons. Garr’s final credit came in 2011 when she appeared on the TV series “How to Marry a Billionaire.”This is a developing story and will be updated.
Persons: Teri Garr, Oscar, “ Young, , Garr, Marc Gurvitz, ” Garr, there’s, Sonny, Cher, Dick Van Dyke, Bob Newhart, Marty Feldman, Cloris Leachman, Gene Wilder, Inga, Mel Brooks, , Frankenstein, Madeline Kahn, Ronnie Neary, Richard Dreyfuss, Steven Spielberg’s, Dustin Hoffman‘s, Caroline Butler, Mom ”, Michael Keaton, who’s, Lisa Kudrow’s Phoebe Buffay, “ Felicity, Bonnie, Mary McGinnis, Sandy Gordon, Scooby Organizations: CNN, Fox, Everett, Columbia Pictures Industries Locations: Los Angeles, Hollywood
The rise of online betting has led the commercial gambling industry to balloon worldwide, posing a significant threat to public health, according to a new report. The report, published Thursday, comes from a public health commission on gambling convened by the medical journal The Lancet. The report highlighted the role online gambling has played in the rising availability of commercial gambling as a whole. Belgium, the Netherlands and Ontario, for example, have varying restrictions on gambling advertising, including online gambling. A 2015 paper found that online gambling could lead to the emergence or aggravation of gambling problems.
Persons: “ We’re, , Louisa Degenhardt, Heather Wardle, , FanDuel, Alan Feldman, Feldman, Wardle Organizations: University of New, D.C, American Gaming Association, Pew, University of Glasgow, University of Nevada, Las Vegas, Gaming Institute, MGM, Council for Responsible Gaming Locations: University of New South Wales, Sydney, U.S, Washington, Scotland, Belgium, Netherlands, Ontario, Germany, Spain, Sweden, Norway, Massachusetts , Illinois, Virginia, Pennsylvania, Las
Obama focuses his campaign outreach on young Black men. Jeff Swensen / Getty ImagesWill Obama’s outreach to young Black men help Harris?Former President Barack Obama has been on the campaign trail for Kamala Harris, aiming to shore up her support among young Black men. Democrats have been unnerved by recent polls that show Harris’ numbers sagging among Black voters, particularly young men. One of Obama’s tasks leading up to Election Day is to persuade Black men that voting for Donald Trump would be a grievous mistake. 🙌 Russell Wilson made his Steelers debut on “Sunday Night Football” and led Pittsburgh to a 35-17 win against the New York Jets.
Persons: Obama, Sean “ Diddy ” Combs, Jeff Swensen, Harris, Barack Obama, Kamala Harris, It’s, Donald Trump, , hasn’t, “ They’re, He’s, podcasters, Read, Trump, ➡️ Harris, Al Sharpton, Mark Cuban, ➡️ Trump, Israel Aaron Schwartz, Michael M, Daniel Penny, Jordan Neely, Penny, Neely, Michael Jackson, Sean, Diddy, Combs, Lucas Jackson, Tony Buzbee, NFL Cary Edmondson, Russell Wilson, , Jayden Daniels, Greg Rosenstein, 🙌, aron, odgers,, alo, bea u, lea Organizations: Black, of Arizona, NBC, Trump, MSNBC, Getty, U.S, New York City, NBC News, NFL, Steelers, Jets, Pittsburgh, ards Locations: New York, Los Angeles, Philadelphia, peppering, Iran, Lebanon, New York City, Texas, hol
Valued at $4 billion in 2021, Cerebras is reportedly seeking to roughly double that in its IPO. The customer, G42, is backed by Microsoft , and it's entirely responsible for the $1.43 billion purchase commitment. G42 can pick up $500 million more in Cerebras shares if it commits to spend $5 billion on the company's computing clusters. The major Wall Street banks, for their part, are finding other ways to play in the burgeoning AI infrastructure market. Fitch, who said he sold out of his Nvidia stock years ago, told CNBC that the benefits outweigh the risks.
Persons: Andrew Feldman, Ramsey Cardy, Cerebras, , David Golden, it's, prepayment, CFIUS, Mike Gallagher, Gina Raimondo, Goldman Sachs, Morgan Stanley, JPMorgan Chase, Young, There's, Peter Thiel, Eva Marie Uzcategui, there's, Thiel, Jim Fitch, Fitch, Feldman Organizations: Cerebras Systems, Nvidia, Revolution Ventures, JPMorgan Chase, Microsoft, AstraZeneca, GlaxoSmithKline, Mayo Clinic, Treasury, Foreign Investment, Reuters, Chinese Communist Party, JPMorgan, Citigroup, Barclays, BDO, KPMG, Deloitte, Ernst, Riverstone Networks, CoreWeave, Clarium Capital Management LLC, Bloomberg, Getty, Mizuho Securities, Venture, CNBC, Devices Locations: Toronto, U.S, Sunnyvale , California, Abu Dhabi, China, Miami , Florida, Los Angeles, Florida
“There’s no endgame — it’s starting to feel like a forever war,” said Frank Lowenstein, special envoy for Israeli-Palestinian negotiations under President Barack Obama. Storm-battered Florida declares another emergency as Hurricane Milton approachesTropical Storm Milton rapidly intensified into a Category 1 hurricane Sunday with its path aimed at Florida, less than two weeks after Hurricane Helene made landfall in the state. Ron DeSantis said in a briefing that Milton is expected to make landfall in Hillsborough or Pinellas county Wednesday evening. Since 1850, only two storms that originated in the Gulf’s Bay of Campeche have struck Florida. Politics in briefPresidential promotions: With just weeks before the election, Trump has taken to promoting items and businesses that aren’t connected to his campaign, from a new cryptocurrency platform to NFT trading cards.
Persons: Israel’s, , , Frank Lowenstein, Barack Obama, it’s, Yoram Schweitzer, Tropical Storm Milton, Helene, Ron DeSantis, Milton, Trump, Donald Trump, Corey Comperatore, Elon Musk, MAGA, Adam Schiff, Joe Biden’s, ” Schiff, Kristen Welker, Harris, Notre, Amy Coney Barrett, Melania Trump, Lejeune Leo Case, Jessie Hoerman Leo Case, Lejeune, , Justine Goode, Instagram, Sam Darnold, Kirby Lee Organizations: Milton, Tropical Storm, Gov, Trump, Service, NBC News, Press, Capitol, Notre Dame, Catholic, Supreme, Sunday, Fox News, Lejeune, Pacific, Marine Corps, NBC, Football, Minnesota Vikings, New York Jets, Tottenham Hotspur Locations: Israel, Gaza, Lebanon, Iran, Florida, Tropical, Hillsborough, Pinellas, Gulf’s, Campeche, Gulf of Mexico, Butler , Pennsylvania, , Iwo Jima, North Carolina
There are signs across AI models, chips, and new form factors that the market is getting frothy. Investors spent the summer wondering if top AI stocks could continue to justify soaring valuations in the face of absent returns from their massive AI spending. Now, signs have emerged that they're not yet done with generative AI mania. OpenAI reaches dizzying new heightsSam Altman's OpenAI secured a $157 billion valuation after raising $6.6 billion in its latest funding round. In short, a lossmaking startup must justify its $157 billion valuation.
Persons: Cerebras, , Andrew Feldman, Ramsey Cardy Cerebras, here's, Abu, Cerebras —, Altman's OpenAI, OpenAI, Elon Musk's xAI, OpenAI's, Ilya Sutskever, Gary Marcus, OpenAI's Sam Altman, David Sacks, Darius Rafieyan, Mira Murati, Mark Zuckerberg, Andrej Sokolow, frothiness, Jensen Huang, Alex Heath, Rahul Prasad, Snapchat Organizations: Nvidia, Service, Investors, Microsoft, Saudi Aramco, Bloomberg, OpenAI, LLMs, Financial Times, Anthropic, Craft Ventures, Tiger Global, The New York Times, Getty, company's Connect, Meta, Orion Locations: Sunnyvale, Abu Dhabi, Silver, Saudi, Silicon Valley,
Iran vows revenge over Nasrallah's deathIsraeli forces killed Hassan Nasrallah, the leader of the militant and political group Hezbollah, in a large-scale attack in Beirut on Friday. Ukrainian President Volodymyr Zelenskyy visited the U.S. last week for meetings with Trump, President Joe Biden and Vice President Kamala Harris. The ride-or-die fans of historically bad White SoxSights, scenes and snacks at the Los Angeles Angels-vs.-Chicago White Sox game at Guaranteed Rate Field in Chicago on Tuesday. Akilah Townsend for NBC NewsWith Friday's loss, the Chicago White Sox broke the record for the most losses in a Major League Baseball season. Leading up to the historic 121st loss, NBC News spoke with loyal White Sox fans whose support has not wavered despite the team's bad season.
Persons: Hassan Nasrallah, Vahid, Benjamin Netanyahu, Nasrallah, Abbas Nilforoushan, Abbas Aragchi, Israel, Yemen’s Ras Issa, Helene, Hurricane Helene, Joe Biden, Roy Cooper, Sheriff Quentin Miller, Kamala Harris, Donald Trump, Harris, Joe Biden’s, Press Sen, Marco Rubio, Biden, Trump, ” Rubio, Kristen Welker, Volodymyr Zelenskyy, Eric Adams, Sarah McBride, Akilah Townsend, I'm, Lance Norton, Mori, Tom Carpenter, , Rashee Rice, Ashley Landis Organizations: Hezbollah, Israeli, Islamic Revolutionary Guard Corps, Iranian, U.S ., Israel Defense Forces, NBC, Sheriff, Tennessee Bureau of Investigation, , NBC News, Telemundo, CNBC, Democratic, NBC News ’, Party, Press, U.S, Trump, New York, Republicans, Sox, Los Angeles Angels, Chicago White Sox, Major League Baseball, 121st, White Sox, American Pet Products Association Locations: Beirut, Iran, Lebanon, U.S, Hurricane, Florida, North Carolina, Buncombe County, Tennessee, Austria, Russia, Ukraine, Chicago
Andrew Feldman, co-founder and CEO of Cerebras Systems, speaks at the Collision conference in Toronto on June 20, 2024. Cerebras competes with Nvidia , whose graphics processing units are the industry's choice for training and running AI models. In addition to selling chips, Cerebras offers cloud-based services that rely on its own computing clusters. For the full year of 2023, Cerebras reported a net loss of $127.2 million on revenue of $78.7 million. Cloud providers Amazon , Google and Microsoft have developed their own AI chips.
Persons: Andrew Feldman, Cerebras Organizations: Cerebras Systems, Systems, Nasdaq, Cerebras, Nvidia, Google, Microsoft Locations: Toronto, UAE
Liang told Business Insider he expects 90% of AI computing workloads will be in inference in the not-too-distant future. AdvertisementThat's why several startups are charging aggressively into the inference market — emphasizing where they might outperform the goliath in the space. Speed is an important factor when multiple AI models talk to each other and waiting for an answer can dampen the magic of generative AI. The number of tokens per second that can be consumed (when a prompt goes in) and generated (when a response comes out) is a common metric for AI computing speed. AdvertisementCerebras's AI chip is roughly size of a dinner plate.
Persons: , Rodrigo Liang, Colleen Kress, workloads, Liang, Andrew Feldman, Bernstein, Colette Kress, Kress, Nvidia's, SambaNova, Anthropic's Claude, Nvidia isn't, Jensen, Dylan Patel, Patel Organizations: Service, Business, SambaNova Systems, Nvidia, ARM, AMD, o1, BI Locations: Artificialanalysis.ai, TCO
Harris builds momentum over TrumpWith just over six weeks until Election Day, a new national NBC News poll finds Vice President Kamala Harris with a 5-point lead over former President Donald Trump among registered voters, 49% to 44%. Still, Trump holds important advantages on the economy and inflation, as voters rank cost of living as their top concern in the election. But other key voting blocs — including Latino voters, seniors and independents — haven’t changed as much. Mark Robinson “has an obligation to defend himself” following reports last week that Robinson made lewd posts on a pornographic website over a decade ago. Billionaire donations: The nation’s wealthy opened their wallets in August, pouring millions into super PACs backing Harris and Trump.
Persons: Harris, Kamala Harris, Donald Trump, Trump, Joe Biden’s, Jiachuan Wu, Harris ’ favorability, — haven’t, Mike Johnson, Johnson, Al Jazeera’s, Walid al, , Truman Fitzgerald, , GOP Sen, Lindsey Graham, Mark Robinson “, Robinson, ” Graham, ” Sen, JD Vance, it’s “, Mark Robinson, John Fetterman of, Kristen Welker, Sharyl, ” Trump, doesn’t, Sean “ Diddy ” Combs, Paras Griffin, Combs, Serna Stefany Serna, Serna, 🏈 Organizations: Trump, NBC News, NBC, Biden, Sunday, IDF, West Bank, Al, Al Jazeera Network, Manhunt, ” Birmingham Police, ” Police, Press South, GOP, Press, Gov, CNN, , Local, Serna, ” Management Locations: Israel, Lebanon’s, Gaza, Beirut, Al, Ramallah, Al Jazeera, Alabama, Birmingham , Alabama, North Carolina, NAZI, Springfield , Ohio, Charleroi , Pennsylvania, Atlanta, Coral Gables , Florida, Miami
Japan commemorated its "Respect for the Aged Day" earlier this week, with the national holiday underscoring a somewhat problematic fact — the country has a record number of elderly citizens to celebrate. Government data released ahead of the event showed that Japan's population of people aged 65 and over had risen to an all-time high of 36.25 million. A survey from Teikoku Databank last month showed that 51% of companies across sectors in Japan feel there is a shortage of full-time employees. Meanwhile, 2023 saw the number of Japan's workers aged 65 and over rise for a 20th consecutive year to reach a record 9.14 million, Statistics Bureau data showed. Feldman warned that as these elderly workers begin to retire from the workforce, there won't be the same number of young workers stepping up to replace them.
Persons: Robert Feldman, Morgan, Databank, Feldman Organizations: Statistics Bureau, Ministry of Internal Affairs and Communications, Morgan Stanley, Securities Locations: Japan
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBig retailers are fighting for consumers on food inflation, says Telsey's Joe FeldmanJoe Feldman, Telsey Advisory Group senior managing director, joins 'Power Lunch' to discuss food inflation, how larger retailers are pushing back, and more.
Persons: Telsey's Joe Feldman Joe Feldman Organizations: Telsey, Group
New York CNN —Shein and Temu, two Chinese low-cost e-commerce websites, are the target of a proposed investigation by the United States government for selling “deadly baby and toddler products.”Two leaders from the Consumer Products Safety Commission said in an open letter Wednesday that they want commission staff to look into how the two companies comply with US safety regulations. Pointing to “recent media reports” that dangerous products sold for kids are easy to find on the websites, CPSC commissioners Peter Feldman and Douglas Dziak said they want to “better understand these firms, particularly their focus on low-value direct-to-consumer” shipmentsOne particular concern for the Commission is the companies’ use of “de minmis,” a rule that exempts shipments valued at $800 or less from tariffs. Much of the products sold on Shein and Temu are cheap and range from furniture to fast fashion. “As the Commission sets its priorities for next year, we expect agency staff to investigate the companies’ safety and compliance controls; relationships with third-party sellers and consumers; and any representations they make when products are imported,” Feldman and Dziak wrote. Last year, a US congressional commission called out Shein and Temu in a report that suggested the companies and others in China were potentially linked to the use of forced labor, exploitation of trade loopholes, product safety hazards or intellectual property theft.
Persons: New York CNN —, Peter Feldman, Douglas Dziak, ” Feldman, Dziak, Shein, ” Temu, they’re Organizations: New, New York CNN, United, Consumer Products Safety Commission, CNN Locations: New York, United States, China
Two U.S. Consumer Product Safety Commission members are urging the agency to probe safety practices of "foreign-owned" e-commerce platforms such as Shein and Temu, specifically the alleged sale of "deadly baby and toddler products." "Our interests are aligned with the U.S. Consumer Product Safety Commission (CPSC) in ensuring consumer protection and product safety, and we will cooperate fully with any investigation," the Temu spokesperson said. CPSC officials have asked for more funding to hire staffers to monitor emerging e-commerce platforms such as Temu and Shein over safety practices, according to The Information. Last April, a congressional commission released a report detailing issues with Shein, Temu and other "Chinese 'fast fashion' platforms.'" They alleged the sites have numerous product safety hazards, are connected to the use of forced labor and are exploiting trade loopholes, among other concerns.
Persons: Peter Feldman, Douglas Dziak, Temu, Shein Organizations: U.S, Consumer Product Safety, U.S . Consumer Product Safety, Discount, Google, PDD Holdings, Amazon, CNBC Locations: U.S, China
A glorious farewell to the 2024 OlympicsIt’s time to say au revoir to the 2024 Summer Olympics in Paris. Mark J. Terrill / APTeam USA eked out close wins in the men's and women's basketball finals, taking gold in the final weekend of the games. The men's team, which included all-stars LeBron James and Kevin Durant, brought home the fifth straight Olympic title for the Americans. Sunday's win by the women's team was its eighth straight Olympic gold. Other Olympic highlights:Trump campaign says it was hackedFormer President Donald Trump’s campaign has said it was hacked by an Iranian group.
Persons: H.E.R, Tom Cruise, Chili Peppers, Billie Eilish, Snoop Dogg, Dr, Dre, Team USA Stephen Curry, Mark J, Terrill, Steph Curry's, LeBron James, Kevin Durant, Sunday's, A'ja Wilson, Jordan Chiles, Naomi Baker, Cecile Landi, Romanian Ana Bărbosu, Macron, Emmanuel Macron, Léon Marchand, Pascal Le Segretain, , , Trump, Donald Trump’s, Steven Cheung, Trump’s, ” Cheung, Kamala Harris, Harris, Willie Brown, Omar Al, Uvalde shooter’s, Armando Ramos, Salvador Ramos, Leila, Gen Alpha, Zers, Alpha Organizations: Phoenix, Team USA, USA, WNBA, U.S, Getty, International Olympic, Paris Olympics, NBC News, Politico, Microsoft, Islamic Revolutionary Guard Corps, Trump Organization, San Francisco, Trump, Trump . White, Israel Defense Forces, Hamas, Robb Elementary School, NBC Locations: Paris, Los Angeles, Venice, U.S, France, China, Romanian, Iranian, , Montana, Trump, Gaza City, AFP, Israel, Gaza, , Texas
But all the excitement to get a jump start on Halloween comes as consumers are showing more signs of financial stress. Tricking consumers into treating themselves more“It’s clear that consumers have been interested in buying Halloween products earlier and earlier,” said Champine. Michaels said it started selling Halloween goods in June, the earliest the retailer has ever done so. The initial launch of Halloween goods at Michaels “has been consistently beating our internal expectations,” he added. By selling Halloween goods earlier, they’re likely hoping it’ll decrease the likelihood of having to discount, she added.
Persons: can’t, , Laura Champine, they’re, Joe Feldman, Michaels, ” John Gehre, Michaels “, ” Kelsey Robinson, Lance Allen, , ” Allen, David Zalubowski, they’ve, they’ll, Champine, ” Lowe’s, Feldman Organizations: New, New York CNN, Disney, Walt Disney, Loop, Telsey Advisory, CNN, Costco, Consumer, McKinsey, Labor, Depot Locations: New York, Los Angeles, Sheridan , Colorado, Lowe’s
The Serbian tennis legend had won all four Grand Slam titles and practically every honor there is in the sport, but the Olympic gold medal had escaped him. Paul Ellis / AFP via Getty ImagesSimone Biles' Olympic medal collection has officially reached double digits. , the American cyclist who didn’t even qualify for the Olympics but is now going home with a gold medal. Racing in a downpour, Julien Alfred won the first Olympic medal in any sport for Saint Lucia on Saturday when she took gold in the women's 100-meter final. the first Olympic medal in any sport for Saint Lucia on Saturday when she took gold in the women's 100-meter final.
Persons: Noah Lyles, Jamaica’s Kishane Thompson, ’ Fred Kerley, Hector Vivas, Lyles, Novak Djokovic, Matthew Stockman, Novak Djokovic couldn’t, Djokovic, Carlos Alcaraz, Simone Biles, Paul Ellis, , Biles, hasn’t, , ” Biles, Suni Lee, Kaylia Nemour, Qiu Qiyuan, David Li, Imane, Hungarian Anna Luca Hámori, ” Khelif, Lin Yu, Thomas Bach, Kristen Faulkner, Bobby Finke, Katie Ledecky can’t, Julien Alfred, Saint Lucia, Sha'Carri Richardson, Kamala Harris, Whom Harris, we’ll, Andy Beshear, Pete Buttigieg, Sen, Mark Kelly of, JB Pritzker, Josh Shapiro, Tim Walz, MAGA, Harris, Nikki Haley, Donald Trump, Trump, Vance, SCOTUS, Neil Gorsuch, Joe Biden's, Debby, Storm Debby, Darren Staples, Keir Starmer, Israel, Ismail Haniyeh, Fuad Shukr, “ They’ll, Michael G Organizations: Paris Olympics, U.S, Olympic, Getty, NBC News Algerian, Team USA, Saint, Paris, Taxi, Philadelphia . Kentucky Gov, Mark Kelly of Arizona ,, Mark Kelly of Arizona , Illinois Gov, Minnesota Gov, Democratic, Republican, GOP, ABC, Fox News, Tropical, National Hurricane Center, NOAA, U.S . Justice Department, Protesters, NBC News, NBC News Companies Locations: Serbian, Paris, Tokyo, Los Angeles, China, Hungarian, Taipei, U.S, Philadelphia . Kentucky, Mark Kelly of Arizona, Mark Kelly of Arizona , Illinois, Pennsylvania, Florida, of Mexico, Rocky, Southern California, Mississippi’s, Nottingham, England, AFP, Southport —, Liverpool, Hull, Israel, Iran, Breakwater, Rockland , Maine, South Florida, Nashville , Tennessee, Atlanta
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