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☆ Read the pitch deck that personal-shopping startup The Floorr used to raise $1.7 million in funding
▼ + stars: | 2024-09-21 | by ( Madeline Berg | ) www.businessinsider.com time to read: +4 min

Many have personal shoppers, people whose job it is to pull the best purses to take to brunch or jackets to wear on vacation in the Hamptons. "You think about how much power they have" — top personal shoppers can sell up to $5 million a year — "but they have no tools," she said. Not only does this segmentation create a mess for clients, it meant that personal shoppers could lose out on commissions. Along the way, the app collects data — helping personal shoppers and retailers know which products are performing better and the trends that are emerging. The Floorr shared the 12-page pitch deck it used to raise its $1.65 million round.

Persons: —, Lupe Puerta, Porter, Puerta, Bergdorf Goodman, Shopbop, Chloé, Carmen Busquets, Nigora Tokhtabayeva, they've Organizations: Service, Business, Bain, Hamptons, Prada

☆ For Some Democratic Jews, Heightened Worries About Antisemitism
▼ + stars: | 2024-08-11 | by ( Jennifer Medina | Katie Glueck | ) www.nytimes.com time to read: +1 min

But the process ended as abruptly as it began, leaving many Jewish Democrats with a heightened sense of anxiety. Tim Walz of Minnesota, an affable Midwesterner who has warm relationships with the Jewish community in his state — but with an activist-driven campaign against Mr. Shapiro, who is Jewish. For some, it confirmed or inflamed simmering fears about antisemitism on the left. Jews have been a loyal Democratic constituency dating back at least to the 1930s. But Mr. Shapiro’s defenders noted that he holds mainstream Democratic views on the Middle East that were generally seen as in line with the other — non-Jewish — top contenders.

Persons: Josh Shapiro, Kamala Harris, elation, Tim Walz, Midwesterner, Shapiro, Mr, Shapiro’s Organizations: Pennsylvania, Democrats, Mr, Democratic, Democratic Party Locations: Israel, Minnesota, Gaza

☆ In the face of trade tensions, China says it will focus on its own economy
▼ + stars: | 2024-07-19 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BEIJING — Top Chinese officials on Friday emphasized the country would focus on its own affairs in the face of rising trade tensions. He listed three areas of focus: the stable and healthy development of the real estate market, accelerated development of "emerging and future industries" and expanding domestic demand, "especially consumption." Han was responding to a question about how China would support growth in the face of increased trade tensions. He used a phrase attributed to Chinese President Xi Jinping, who in recent years has called for the country to "do your own thing well" and focus on its own affairs. The press conference followed the end of a high-level meeting policy called the Third Plenum that ended Thursday.

Persons: Han Wenxiu, Han, Xi Jinping Organizations: BEIJING, Top, Communist, CNBC Locations: China

Introduction to the Hilton Honors Business CardThe Hilton Honors American Express Business Card is worth considering if you're loyal to Hilton and qualify for a small business credit card. Hilton Honors Amex Business Card OverviewThe Hilton Honors American Express Business Card is the only business card in the Hilton credit card family. The other three — Hilton Honors American Express Card, Hilton Honors American Express Surpass® Card, and Hilton Honors American Express Aspire Card — are great options if you're in the market for a consumer-focused Hilton credit card. Hilton Honors Amex Business Card Benefits and FeaturesThe Hilton Honors Amex Business Card comes with several perks that can make your travels more comfortable and help you save money. Hilton Business Credit Card Annual Fees and Other CostsThe annual fee on Hilton Honors Amex Business Card more than doubled in early 2024, jumping up to $195.

Persons: Hilton, Amex, Hilton LXR, Hilton Tru, you'll, Cardholders, You'll, aren't Organizations: Business, Hilton, Honors American Express, Hilton Honors American Express, Diamond, Express, Hilton Honors American, Hilton Honors, Card, Honors, Tru, Hilton Gold, Hotel Brands Conrad Hotels, Resorts, Hilton DoubleTree, Hilton Embassy, Inn, Hilton Hilton Hotels, Garden Inn, Hilton Homewood, Hilton LivSmart Studios, Hilton Signia, Hilton Tempo, Hilton Waldorf Astoria Hotels, Resorts Hilton, Hilton Diamond, Emerald, Chase, Baggage, Hilton Business, Air France, KLM, Delta Air Lines, United Airlines, Chevron, Hilton Business Credit, Hyatt Locations: Chevron, IHG

☆ Student-loan borrowers are entering a new 'Wild West' where any form of debt relief is much less certain
▼ + stars: | 2024-07-11 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

Read previewLegal challenges against student-debt relief efforts continue, making the fate of millions of borrowers all the more uncertain. When it comes to higher education, the ruling will impose more barriers on regulations that are particularly controversial, like efforts to forgive student debt. The Education Department is working on finalizing its second attempt at a broader debt relief plan, which it hopes to implement this fall. But striking down Chevron could pose even more barriers to debt relief and many higher education regulations borrowers rely on. After the Supreme Court's Chevron ruling, Sen. Bill Cassidy — top Republican on the Senate education committee — sent a letter to Education Sec.

Persons: —, Chevron, Jon Fansmith, Fansmith, Joe Biden, haven't, It's, Neal Hutchens, Sen, Bill Cassidy —, Miguel Cardona, Cassidy, Hutchens Organizations: Service, Business, American Council, Education, Higher, Education Department, Chevron, of Educational Policy, University of Kentucky, Republican, Sec Locations: Chevron

☆ Forget the Magnificent 7 — Top tech analyst Mahaney recommends the ‘Electric Eleven’
▼ + stars: | 2024-03-12 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

A new cohort of stocks may be emerging to steal the crown from the "Magnificent Seven," according to Evercore ISI. This basket of stocks includes several names from the Magnificent Seven — and could grow to bring in additional stocks, Mahaney said. Mahaney included Magnificent Seven members Amazon , Alphabet and Meta in his new Electric 11 lineup. On Monday , Morgan Stanley reiterated Meta at an overweight rating, while Goldman Sachs stood by its buy rating for Amazon. In February , Bank of America reiterated its buy rating on the name and lifted its price target to $91 from $78.

Persons: Mark Mahaney, Mahaney, Morgan Stanley, Meta, Goldman Sachs, Aaron Kessler, Uber Organizations: ISI, Seven, Research, Tesla, Meta, Amazon . Bank of America, Booking Holdings, Seaport Research, Bank of America Locations: China, Monday's

☆ Chip analysts boost Nvidia price targets in race to catch up to chipmaker's relentless 'joyride'
▼ + stars: | 2024-02-22 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

That led several Wall Street banks to hike their price targets to account for the unrelenting demand. Bernstein and other Wall Street shops raced to catch up with Nvidia's share price, hiking their price targets in reaction to nonstop demand and the company's enormous total addressable market. Rasgon's new target was the equivalent of 48% upside from Wednesday's close, while the average price target according to FactSet implied more than 22% upside. Bank of America's Vivek Arya also lifted his Nvidia price target to $925 per share, equal to about 37% upside. JPMorgan analyst Harlan Sur boosted his price target to $850 to reflect strong data center growth and future product launches.

Persons: Bernstein's Stacy Rasgon, Bernstein, America's Vivek Arya, Harlan Sur, allaying, Sur, Goldman Sachs, Toshiya Hari, Morgan Stanley's Joseph Moore, Moore, Deutsche Bank's Ross Seymore, Seymore, Timothy Arcuri, Arcuri, — CNBC's Michael Bloom Organizations: Nvidia, Bank, America's, JPMorgan, Deutsche, UBS Locations: CY24

The sudden death of Russian President Vladimir Putin's most formidable antagonist has left an open wound in Russia's political opposition. Navalny also was the first opposition leader in Russia to receive a lengthy prison sentence in recent years. In the three years since Navalny lost his freedom, multiple prominent dissidents were imprisoned, while others fled Russia under pressure. MIKHAIL KHODORKOVSKYMikhail Khodorkovsky, 60, is a former tycoon turned Russian opposition figure in exile. Kara-Murza was an associate of Russian opposition leader Boris Nemtsov, another fierce Putin critic who was assassinated near the Kremlin in 2015.

Persons: Vladimir Putin's, Alexei Navalny, Navalny, Leonid Volkov, Maria Pevchikh, Ivan Zhdanov, Kira Yarmysh —, “ Alexei, ” Volkov, MIKHAIL KHODORKOVSKY Mikhail Khodorkovsky, Khodorkovsky, Putin, Andrei Pivovarov, Garry Kasparov, Dmitry Gudkov, VLADIMIR KARA, MURZA, Vladimir Kara, Murza, Boris Nemtsov, Kara, Nemtsov, Sergei Magnitsky, Yevgenia, ILYA YASHIN Ilya Yashin, Navalny's, Yashin's, Yashin, ” Yashin Organizations: YouTube, Putin, TEAM, Corruption Foundation, Olympics, Kremlin, Putin's Russia —, U.S, Associated Press Locations: Russia, Ukraine, Germany, Black, Sochi, London, Putin's Russia, Washington, Moscow

MUNICH (AP) — Top diplomats from the U.S. and China on Friday held a “candid and constructive” discussion on issues vexing their strained relations over Taiwan, the situation in the South China Sea, Russia’s war against Ukraine and synthetic opioids, the State Department said. State Department spokesman Matthew Miller said Blinken had emphasized the importance of maintaining peace in the Taiwan Strait as well as expanding on nascent counternarcotics efforts. Blinken also raised concerns about China's support for Russia’s defense industrial base that Washington sees as helping Moscow’s military operations against Ukraine. “The two sides had a candid and constructive discussion on a range of bilateral, regional and global issues as part of ongoing efforts to maintain open lines of communication and responsibly manage competition in the relationship,” Miller said. Photos You Should See View All 33 Images“Both sides recognized the importance of maintaining open lines of communication between the United States and (China) across a range of strategic issues, including consultations and high-level meetings in key areas in the coming months,” he said.

Persons: Antony Blinken, Wang Yi, Joe Biden, Matthew Miller, Blinken, ” Miller, Blinken “, ” Organizations: —, State Department, Foreign, Munich, California . State Department, Washington, Ukraine, North Locations: MUNICH, U.S, China, Taiwan, South China, Ukraine, California ., Taiwan Strait, United States, North Korea

Lawmakers also said Wednesday that they want to at least temporarily suspend a sales tax exemption on equipment offered to data centers. Burt Jones touts as a way to shore up tax revenue so that Georgia could further cut its income tax rate for all residents and businesses. A study last year by Georgia State University suggested the state saw a return of less than 20 cents on the dollar. However, the credits are transferrable — production companies can sell them to any individual or business with state income tax liability. The data centers tax credit is projected to cost the state $44 million in foregone sales tax revenue this year, according to a 2022 University of Georgia study.

Persons: Shaw Blackmon, “ We’re, Burt Jones, ” Jones, Blackmon, Jon Burns, Georgia Power, Burns Organizations: ATLANTA, — Top, Marvel, Bonaire Republican, Georgia, Lawmakers, Georgia Power Co, Republican, Gov, Georgia State University, Atlanta, Newington Republican, of Georgia Locations: — Top Georgia, Georgia, Peach State, Hollywood, Bonaire

The Federal Election Commission deadline is here for end-of-year finance reports that will reveal how much money the presidential candidates had raised recently, and how much cash their campaigns had on hand. The end-of-year fund-raising and spending reports can reveal a lot about the trajectory of a presidential campaign, and the health of its money operation. Spending by presidential campaigns alone — not counting super PACs — topped $4 billion for the 2020 election. Just this week alone, a Democratic super PAC supporting Mr. Biden began reserving $250 million in advertising in battleground states, scheduled to begin after the Democratic National Convention in August. For example, the main super PAC supporting Senate Democrats has about $61.5 million on hand, compared with $29.1 million for the top PAC supporting Republican Senate candidates.

Persons: Biden, Nikki Haley, Donald J, Trump, Haley, Mr, Tim Scott’s, Ron DeSantis’s, Michael C, Bender Organizations: Teamsters, Democratic, PAC, Mr, Democratic National Convention, Republican, Records Locations: South Carolina, Florida, New York, Washington, Iowa

☆ Top CEOs fear that volatile supply chains are now just the new normal
▼ + stars: | 2024-01-19 | by ( Silvia Amaro | ) www.cnbc.com time to read: +2 min

Kristian Helgesen | Bloomberg | Getty ImagesDAVOS, Switzerland — Top CEOs are closely following tensions in the Red Sea, warning that this kind of volatility for supply chains is likely here to stay. Houthi rebels from Yemen have attacked commercial vessels traveling in the Red Sea since November. Supply chains were massively disrupted during the pandemic and the subsequent bounce back, given the restrictions and the closure of borders. Tobias Meyer, the CEO of DHL, shared concerns over the new normal for supply chains. "We have an issue in the Panama Canal, we have an issue in the Red Sea.

Persons: Ebba, A.P ., Kristian Helgesen, Jesper Brodin, Brodin, Tobias Meyer Organizations: A.P, A.P . Moeller, Maersk, Bloomberg, Getty, Ingka, CNBC, Economic, IKEA, DHL Locations: Suez, Egypt, DAVOS, Switzerland, Red, Yemen, Iran, Gaza, United States, Hope, Africa, Asia, Europe, Davos, Panama

The House was scheduled to vote Thursday on a GOP plan for cutting income, sales and property taxes by a total of $1.6 billion over three years. Top Republicans want to impose a single personal income tax rate of 5.25%, replacing three rates that top out at 5.7%, starting in 2025. The dispute over the single-rate or “flat” plan blocked a large tax cut in Kansas last year, when a dozen other states cut taxes, according to the conservative-leaning Tax Foundation. Her income tax proposal would increase the standard deductions that all individual filers claim. Kansas Senate President Ty Masterson, a Wichita-area Republican, said retaining an income tax with multiple rates would keep Kansas “behind the eight ball” economically.

Persons: Laura Kelly, Kelly, ”, Sen, Mike Thompson, Republican Sen, Caryn Tyson, Kelly's, Sam Brownback, “ Kansans, ” Kelly, Brianna Johnson, Neva Butkus, Butkus, Kim Reynolds, Ty Masterson, It's, Hannah Fingerhut Organizations: —, Democratic, GOP, Gov, Top Republicans, of Revenue, Tax Foundation ., Kansas City, Republican, Social, Republican Gov, Taxation, Economic, Tax Foundation, Kansas, Associated Press Locations: TOPEKA, Kan, Kansas, Tax Foundation . Kansas, Iowa, Wichita, Des Moines , Iowa

MELBOURNE, Australia (AP) — Top-ranked Iga Swiatek rallied from 4-1 down in the third set to escape with a narrow 6-4, 3-6, 6-4 win over 2022 runner-up Collins on Thursday and advance to the third round of the Australian Open. Swiatek absorbed the sustained pressure from Collins’ powerful groundstrokes until she regained momentum and went on a match-winning five-game roll. Political Cartoons View All 253 ImagesBoth players beat past Australian Open champions in the first round. Swiatek defeated 2020 champion Sofia Kenin and Collins had a three-set win over 2016 winner Angelique Kerber. Swiatek had two match points at 15-40 in the last game but against Collins rallied, saving those and getting a game point with a trademark forehand winner deep to Swiatek’s backhand side.

Persons: Iga Swiatek, Collins, Swiatek, ” Swiatek, Sofia Kenin, Angelique Kerber, Elena Rybakina, Daniil Medvedev, Rybakina, Anna Blinkova, Medvedev, Emil Ruusuvouri, ___ Organizations: Collins Locations: MELBOURNE, Australia, Russia, Finland

☆ A simple test can tell you whether you're more millennial or Gen Z
▼ + stars: | 2023-12-05 | by ( Andrew Lloyd | ) www.businessinsider.com time to read: +4 min

A millennial and Gen Zer showed their different gestures to mime various actions. The on-screen caption said they were testing to see if they were a millennial or Gen Z. Advertisement"My fingers physically cannot do the gen z heart," one viewer wrote in the most popular comment which received over 14,500 likes. Another viewer suggested this may be more of an indication that someone was a younger Gen Z or Gen Alpha, as they wrote they were born in 2000 and still used the millennial gestures. Many creators have delved into the humor and fashion that can set the age groups apart, especially when it comes to millennials and Gen Z.

Persons: Zer, —, they've, Ludny, millennials, Gen Zers, Alpha, It's, Zers Organizations: Service Locations: winder, millennials

PASADENA, Calif. (AP) — Top-seeded Michigan will face Southeastern Conference champion Alabama in the College Football Playoff semifinal to be played as the 110th edition of the Rose Bowl Game. The Wolverines will be playing in their 21st Rose Bowl, more than any school except USC, but Michigan hasn't been to the Granddaddy of Them All since 2007. Michigan's fans hope the Rose Bowl berth is the penultimate step in a tumultuous season featuring incredible play, but also two suspensions for Harbaugh. Alabama returned to the CFP and earned its eighth appearance in the Rose Bowl by ending the Bulldogs' 29-game winning streak. Alabama's previous Rose Bowl Game appearance was in 1946, although Nick Saban's Crimson Tide also won the national championship at the Rose Bowl in January 2010 when they beat Texas in the BCS title game.

Persons: Jim Harbaugh's, Nick Saban's Organizations: Southeastern Conference, Alabama, College Football, Rose, Crimson Tide, USC, Harbaugh, Wolverines, Big, Michigan, CFP, Tide, SEC, . Alabama, Bulldogs, Notre Dame, Texas, BCS, Longhorns, Georgia, AP Locations: PASADENA, Calif, Michigan, Southern California, Pasadena, Iowa, Georgia, ., Arlington , Texas, Houston

☆ Make America Build Again
▼ + stars: | 2023-11-16 | by ( Adam Rogers | ) www.businessinsider.com time to read: +37 min

America is the sixth-most-expensive place in the world to build subways and trolleys. The solutions will cost trillions of dollars and require a pace of building unseen in America since World War II. Perhaps the single most pressing question we face today is: How do we make America build again? "For this class of projects, federal environmental laws are more the exception." The prospect of overhauling our hard-won environmental laws might feel like sacrilege to anyone who cares about the Earth.

Persons: Anne, Marie Griger's, Griger, —, They're, Obama, I'm, we've, We've, I'd, It's, Matt Harrison Clough, Jamie Pleune, AECOM, Joe Biden's, There's, David Adelman, David Spence, Spence, James Coleman, NECA, Coleman, everyone's, Danielle Stokes, Nobody, Bill McKibben, Mother Jones, McKibben, Michael Gerrard, Columbia University —, they've, David Pettit, it's, Zachary Liscow, That's who's, Adam Rogers Organizations: RES Group, Environmental, Infrastructure Investment, Jobs, Land Management, Forest Service, University of Utah, Harvard Joint Center for Housing Studies, Brookings, Bureau of Ocean Energy Management, White, University of Texas, Greenpeace, Natural Resources Defense Council, Act, NEPA, Berkeley, University of California, University of Southern, Southern Methodist University, Ecosystems Conservation, GOP, Biden, Motorola, Telecommunications, Conservatives, Federal Energy Regulatory Commission, FERC, University of Richmond, UC Berkeley, USC, Star, Sabin, Climate, Columbia University, Natural Resources Defense, Republicans, Democrats, Management, Budget, Yale Law School Locations: Panama, Colorado, . California, Los Angeles, San Francisco, China, America, Washington, , Wyoming, Nantucket, New England, San Francisco ., University of Southern California, California, New York, Florida, Southern California, Las Vegas

NEW DELHI (AP) — Top diplomats and defense chiefs from India and the United States met Friday focusing on security issues involving the Indo-Pacific, China and the Israel-Hamas war. U.S. Secretary of State Antony Blinken said the U.S. and India have a strong partnership and would discuss matters with implications for the future. He also said that the United States and India are bolstering their partnership in international peace and strengthening a rule-based order. Political Cartoons View All 1239 ImagesBlinken also said defense cooperation was a key pillar in ties between the countries. India and the U.S. have held the two-plus-two talks between India’s external affairs and defense minister and the U.S. secretaries of state and defense since 2018 to discuss issues of concern and strengthen bilateral ties.

Persons: Antony Blinken, ”, Blinken, Subrahmanyam Jaishankar, Uday Bhaskar, Defense Lloyd Austin, Rajnath Singh, Narendra Modi’s Organizations: DELHI, —, U.S, Association of Southeast, Nations, Defense, Indian Locations: India, United, Pacific, China, Israel, U.S, Asia, Japan, Australia, United States, Palestine, Gaza, Ukraine, Philippines, South China, Ladakh, Arunachal Pradesh, Washington

☆ A new ranking shows the best luxury hotel brands in the world
▼ + stars: | 2023-11-09 | by ( Quek Jie Ann | Marylou Costa | ) www.cnbc.com time to read: +2 min

But a new list, released by the members-only group LTI – Luxury Travel Intelligence, ranks hotel brands rather than individual properties. Luxury Travel Intelligence memberships cost $700 per year and grant access to the group's travel research. Source: LTI — Luxury Travel IntelligenceOetker Collection's Hotel La Palma in Capri, Italy. Source: LTI – Luxury Travel IntelligenceTwo brands are new to the list this year: Peninsula Hotels and Raffles Hotels & Resorts. The scoring systemLuxury Travel Intelligence uses an algorithm to assess hotel brands, which has a maximum of 4,663 points, said Crompton.

Persons: Aman, Rocco Forte, Michael Crompton, Crompton, Travel Intelligence Crompton Organizations: Travel Intelligence, Raffles, Intelligence, La, Raffles Hotels & Resorts, Luxury Travel Intelligence, CNBC Travel Locations: Oriental Singapore, Capri , Italy, Raffles Doha, Qatar

PARIS (AP) — Top-ranked Novak Djokovic won a record-extending seventh title at the Paris Masters on Sunday with a 6-4, 6-3 win over Grigor Dimitrov in the final. Djokovic, who had been pushed to three sets in his three previous matches, enjoyed a comfortable afternoon under the roof of the Palais Omnisports. Dimitrov was second-best in all areas and the result improved Djokovic's record against Dimitrov to 12-1. Djokovic was untouchable on his serve and did not face a single break point as he claimed a 40th Masters 1000 title. Djokovic did not slow down and won his next serve at love to open a 4-2 lead.

Persons: Novak Djokovic, Grigor Dimitrov, Djokovic, Dimitrov, Carlos Alcaraz, unfazed Organizations: PARIS, Paris Masters, gesturing

☆ Your boss might give you a raise just for showing up to the office
▼ + stars: | 2023-10-05 | by ( Tim Paradis | ) www.businessinsider.com time to read: +3 min

US CEOs say they'd give raises, promotions, or better assignments to those who work at the office. The findings came in a survey from KPMG that showed how frustrated bosses are with remote work. AdvertisementAdvertisementCEOs are really starting to hate remote work — and are willing to go beyond free pizza to get you to come in. Outside of some of the big banks and high-wattage tech firms , many companies have settled into a mix of in-office and remote work. The survey found only one-third of CEOs envision traditional office jobs as remaining hybrid, down from 45% in 2022.

Persons: —, Meta's, Paul Knopp, it's, It's, Knopp, that's, We're Organizations: KPMG, Service, Big Tech, Amazon, KPMG US

FORT LAUDERDALE, Fla. (AP) — Top officials at a Florida school district ordered the removal of all books and material containing LBGTQ+ characters and themes from classrooms and campus libraries, saying that was needed to conform to a state law backed by Gov. The district later backed off a bit, allowing some exceptions for high school libraries. Political Cartoons View All 1185 ImagesThe school district did not respond to calls Wednesday from the AP seeking comment. But the group says Florida Department of Education officials are to blame for any district confusion or overreach. The school district issued a statement to Popular Information this week clarifying some of the superintendent and attorney's remarks, saying some material with LGBTQ+ themes or characters would still be available in high school libraries.

Persons: Ron DeSantis, “, Mark Vianello, Michael McKinley, ”, Read, McKinley Organizations: —, Gov, Charlotte, Florida Parental, Florida, Read, Associated Press, DeSantis, Republican, Walt Disney Co, Florida Department of Education, Vianello Locations: FORT LAUDERDALE, Fla, Florida, Fort Myers, Sarasota

☆ J.D. Vance Is Not Your Usual Political Opportunist - The New York Times
▼ + stars: | 2023-09-26 | by ( Michelle Cottle | ) www.nytimes.com time to read: +3 min

“Most Republican grass roots voters are not sympathetic to the dumbest version of the election conspiracy. More important, the “dumbest” version of the stolen election conspiracy is precisely what Mr. Trump and his enablers have been aggressively spreading for years. It is what drove the Jan. 6 attack on the U.S. Capitol, landed many rioters in prison, led to Fox News paying a $787.5 million defamation settlement and prompted grand juries to indict Mr. Trump in federal and state courts. Mr. Vance may want to believe that most Republicans are too smart to buy such lunacy, but he is too smart not to recognize the damage to American democracy being wrought by that lunacy. As for those who criticize his approach, Mr. Vance saw them as out of sync with voters.

Persons: ”, “, Mr, Vance, Trump, Washington, ” Rather Organizations: U.S . Capitol, Fox News, Republican Party, Democratic Party Locations: American

Prime Minister Srettha Thavisin handed out gifts and posed for pictures as his tourism minister and other VIPs greeted about 300 travelers from Shanghai. He said that the government plans to promote Thailand’s smaller cities as destinations for Chinese tourists to encourage them to stay longer and spend more. Tourism Minister Sudawan Wangsuphakijkosol said there has been about a 30% surge in accommodation and flight bookings since the policy was announced. Chai Wacharonke, a spokesperson for the prime minister, earlier said that Thailand received 15 million international visitors in the first seven months. He said the government aims to draw 28 million tourists and generate 1.4 trillion baht ($39.2 billion) in revenue in 2023.

Persons: Srettha Thavisin, ” Srettha, Srettha, Dai, Chiang Mai, Peng, Wan Yi, Sudawan Wangsuphakijkosol, Thapanee Kiatphaibool, Chai Wacharonke Organizations: Bangkok’s, Central, Tourism, Tourism Authority of, Ministry of Tourism Locations: BANGKOK, Shanghai, Thai, Thailand, Bangkok, Phuket, Wan, Wat Arun, Chinatown, Central Asian, Kazakhstan, China, Tourism Authority of Thailand

☆ UBS says Zurich and Tokyo are the cities most at risk of being in a housing bubble. Here are the other 15 markets where they warn home prices are overvalued — and the 6 most vulnerable to declines.
▼ + stars: | 2023-09-24 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

This is driving up mortgage rates after years of lower-rate policies, crushing affordability and sinking home prices in some metropolitan areas. In the note, the pair released UBS's most reading of its Global Real Estate Bubble Index. Two cities — Zurich and Tokyo — top the list and are considered to be in "bubble risk" territory by being at least 1.5 standard deviations out of their index norm (Zurich at 1.71 and Tokyo at 1.65). UBS"Such high multiples come from an excessive appreciation of housing prices in the wake of previously low interest rates," Saputelli and Holzhey said. "House prices in all these cities remain vulnerable to corrections should interest rates remain elevated for longer or continue to rise further."

Persons: Claudio Saputelli, Matthias Holzhey, Holzhey Organizations: Federal Reserve, European Central Bank, Reserve Bank of India, Bank of England, Reserve Bank of Australia, Bank of, Central Bank of, Bank of Canada, UBS, Swiss, —, Tokyo —, Miami Locations: Bank of Korea, Central Bank of Brazil, — Zurich, Tokyo, Zurich, Munich, Frankfurt, Hong Kong, Toronto, Geneva, Los Angeles, London, Tel Aviv, Vancouver, Amsterdam, Stockholm, Paris, Sydney

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