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Earlier this year, she spent a week in the hospital due to a collapsed lung, a severe complication of pneumonia. The support she received from the hospital staff and her friends confirmed that moving there was the right decision. "We have to go to the hospital right now," my doctor told me after confirming that my right lung had collapsed. I felt scared and focused on my friend as the surgeon told me to hold my right arm above my head and stay still. People I didn't know well would call to check in, and friends of friends would send well wishes.
Persons: Sinead Mulhern, I'd, Ecuador —, hadn't, I'm, Sanja, We've, Jonathan, KFF Organizations: Monopoly Locations: Ecuador, Cuenca —, Quito, South America, Ecuadorian, Canada, Australia, South Africa, England, Venezuela
He's not sure people will want to hire him as an older male nanny. I began an apprenticeship at Bright Horizons, a US-based day care chain that also operated in England, where I lived. I've worked with all sorts, from single parents in one-bedroom flats to celebrities who had non-disclosure agreements. I have no examples of older male nanniesSome people don't want to work with me because I'm a male nanny, or manny, as I say. There are no examples of an older male nanny, so I might need to be the first.
Persons: Max Kalogirou, He's, , I'm, Caretaking, I've, manny, it's Organizations: Service, Nannytax, Bright Locations: US, England
According to Hurun's 2024 rich list, China lost 432 billionaires since the high of 1,185 in 2021. Hurun, a private research group that has tracked Chinese billionaires since 1999, said the total peaked in 2021 with 1,185 billionaires, a figure which fell to 753, a decline of 432, or 36% of the total. It comes as some of China's superrich choose to lie low or leave the country, finding covert ways to take their money with them. "The stories of the individuals on the Hurun China Rich List tell the story of the Chinese economy," said Rupert Hoogewerf, Hurun's Chairman and Chief Researcher. AdvertisementThat led, among other things, to regulatory crackdowns on tech platform companies and campaigns against China's rich entrepreneurs.
Persons: , crackdowns, China's superrich, Zhang Yiming, Bytedance, Yiming, Zhong Shanshan, Rupert Hoogewerf, Robin Zeng, Li, Kerry Brown, Xi, Jack Ma, Alibaba, Brown, Joel Gallo, China shouldn't, it's Organizations: Service, Reuters, King's College London, Ant Group, & Partners, Bloomberg, New York University Shanghai, Communist Locations: China, Taiwan, Greater China
CFO turnover hit 8.9% globally during the period, surpassing levels in 2022 and 2023. A global pandemic, increased geopolitical tensions overseas, supply chain disruptions and recession concerns have made the CFO role even harder. Jim Cramer also has pounded the table of the importance of the CFO role, arguing that "a good CFO can give you a feeling of a Good Housekeeping seal of approval." Moving forward, it's unclear whether CFO turnover will continue to pickup. "If a CFO immediately resigns intra quarter, what companies will do sometimes is reaffirm their guidance to ease investor concerns.
Persons: Zachary Kirkhorn, Deepak Ahuja, Russell Reynolds, CFOs, Steve Gallucci, , they've, Goldman Sachs, David Viniar, Josh Crist, Crist, Raymond James, Paul Shoukry, Jim Cramer, Amy Hood, Hood, we've …, Costco's Richard Galanti, Eli Lilly, Anat Ashkenazi, Ashkenazi, Ruth Porat, Apple, Luca Maestri, Amy Weaver, Mike Stepniak, Jeff Marks, Marks, It's, Jim Cramer's, Jim Organizations: Wall Street, Deloitte's Global, CNBC, Fortune, Goldman, Bloomberg News, Kolder, Microsoft, Honeywell, Federal, Jim Cramer's Charitable, Istock, Getty
Bonds have sold off as traders reassess the path of Fed Reserve rate cuts. AdvertisementThe bond market is in sell-off mode as traders reassess the path of interest rate cuts from the Federal Reserve. That would be a big surprise to traders, with the market pricing in a 90% chance of a 25-basis point interest rate cut from the Fed next month. AdvertisementFed officials, for their part, have indicated they're likely to move cautiously, though more rate cuts are still their base case. Dallas Fed President Lorie Logan said she expects interest rates will fall "gradually," and Kansas City Fed President Jeff Schmid endorsed a "cautious and gradual" approach to cutting interest rates.
Persons: Bonds, , Donald Trump, Torsten Sløk, Sløk, Mary Daly, Neel Kashkari, Lorie Logan, Jeff Schmid, Trump Organizations: Trump, Service, Federal Reserve, Treasury, Fed, Bloomberg, Bond, Treasury Bond ETF, Federal, Market, San Francisco Fed, Minneapolis, Dallas, Kansas City, House Locations: Atlanta
Kamil Krzaczynski | AFP | Getty ImagesThere are few topics Americans would rather not talk about more than money. 'Missed opportunities' of not talking about moneyFor both couples and families, not having those crucial financial conversations can cost them, financial advisors say. Have talks 'before an emergency situation arises'On a positive note, some money conversations are happening more regularly, U.S. Bank's research found. Still, 45% of respondents say they are unaware of their parents' financial situation, U.S. Bank found. To work past financial standoffs, it helps for couples to create a more welcoming environment to engage their partners in money conversations, Cherry said.
Persons: Kamil Krzaczynski, Wells, Scott Ford, Preston Cherry, Cherry, it's, Ford, Winnie Sun, Douglas Boneparth, Boneparth, Ted Jenkin, It's, Jenkin, Couples, Organizations: AFP, Getty, U.S . Bank, CNBC FA, Sun, Wealth Partners, CNBC FA Council, Bank, Finance Locations: Chicago , Illinois, Wells Fargo, Green Bay , Wisconsin, Irvine , California, New York City, U.S, Atlanta
A blockbuster jobs report raises the stakes for upcoming inflation data, BofA analysts say. AdvertisementThe September jobs report was good news, but it gives investors more reason to brace for the next inflation reading, Bank of America analysts say. Economists forecast the CPI report will show inflation continued to cool last month, rising 2.3% year-over-year compared to 2.5% in August. AdvertisementHowever, with the blockbuster September jobs report, some economists say inflation is still a concern. The September jobs report blew past forecasts, with 254,000 nonfarm payrolls added compared to expectations of 150,000.
Persons: , Brian Rose Organizations: Service, Bank of America, CPI, Fed, UBS
“Golden Bachelorette,” breakout star Charles Ling’s endearing personality had viewers ready to give him the final rose from episode one. But with the season underway, Ling admits he “didn’t see much of the TV show yet” and hadn’t quite seen the internet response. NBC News, in an exclusive interview, even had to recap some of the fan feedback and scenes for him. He’s prompted many fans to flood the internet with comments such as “protect Charles at all costs!” and that “it’s not an episode of the golden bachelorette without Charles making me cry." “You can say, ‘If Charles can do it, so can me,’” he said.
Persons: Charles Ling’s, Ling, “ Bachelorette, he’s, , ” Ling, Ricky Middlesworth, Disney Ling, Joan Vassos, There’s, it’s, Ling hasn’t, He’s, Charles, Guy Gansert, , , ‘ Charles, Sophia, ’ ”, “ Don’t Organizations: NBC Locations: China, Philadelphia, American
Read previewIn a Monday blog post, OpenAI CEO Sam Altman argued that massive investment in AI infrastructure is key to market dominance — and avoiding global conflict. "If we don't build enough infrastructure, AI will be a very limited resource that wars get fought over, and that becomes mostly a tool for rich people." Representatives for OpenAI did not respond to a request for comment from Business Insider. He noted that data centers consume tons of water for their cooling systems — some of which evaporates, so it cannot be reused. "Any human endeavor that involves an optimization challenge can be made more efficient through artificial intelligence," Coglianese said.
Persons: , Sam Altman, Altman, OpenAI, Alex de Vries, de Vries, Goldman Sachs, Shaolei Ren, he's, Ren, Cary Coglianese, Coglianese, we'll, I'm Organizations: Service, Business, Microsoft, BlackRock, White, Meta, Big Tech, University of California, University of Pennsylvania Locations: United States, United Nations, Riverside
Here’s what could knock the stock market’s momentum
  + stars: | 2024-09-23 | by ( Fred Imbert | ) www.cnbc.com   time to read: +3 min
The S & P 500 also reached an all-time high last week and posted a weekly advance of 1.4%. Here's a look: Valuations The S & P 500 trading near record highs is a double-edged sword, as valuations are also at historically high levels. "The S & P 500 is already trading a little above where it deserves to at year-end 2024." Scott Chronert of Citi also noted that six of the 11 S & P 500 sectors have "valuation composites near/at top decile levels." The S & P 500 has averaged a 2.3% loss in September over the past 10 years, according to FactSet data.
Persons: Stocks, it's, Lori Calvasina, Scott Chronert, BTIG's Jonathan Krinsky, Kamala Harris, Donald Trump, Piper Sandler, Craig Johnson, Gonzalo Asis, RBC's Calvasina, Citi's Chronert Organizations: Dow Jones, Federal Reserve, RBC Capital Markets, Citi, NBC, Presidential, PCE, Bank of America
When Olympic Sponsors Go Rogue
  + stars: | 2024-08-10 | by ( Tariq Panja | ) www.nytimes.com   time to read: 1 min
When the French luxury goods conglomerate LVMH agreed to pay about $175 million to underwrite the organizing committee for the Paris Olympics, the company, owned by France’s richest person, Bernard Arnault, asked for more than any previous sponsor had ever done. Organizers of the Games, desperate for that cash, appeared to have said yes at every turn. Made by the LVMH-owned jeweler Chaumet. But there was one secret that had been held back, Antoine Arnault, who is Bernard Arnault’s son and the family’s representative to the Olympics, told a gathering of well-heeled Parisians on the eve of the Games. Keep an eye out, he and other LVMH executives said, for “a big surprise” involving the company.
Persons: Bernard Arnault, Chaumet, Louis Vuitton, Antoine Arnault, Bernard Arnault’s Organizations: Paris Olympics, France’s, Games
Read previewDirector M. Night Shyamalan's new thriller, "Trap," is filled with twists and turns, but its premise is grounded in a real-life sting operation that took place in the '80s. Here's how the sting operation partly inspired Shyamalan's film. Related storiesAccording to The Washington Post, Operation Sting led to 144 arrests. Shyamalan said that the sting operation was 'hilarious' and the absurdity of the fakeout stuck with himHartnett as Cooper and Donoghue as Riley in "Trap." "Trap" isn't a comedy by any means, but the dark humor of Operation Flagship informed the movie.
Persons: , Josh Hartnett, Cooper, Riley, Ariel Donoghue, Lady Raven, Shyamalan's, Saleka, Bernie Boston, Sting, Shyamalan, Hartnett, Donoghue, Sabrina Lantos, Lambs, Taylor, Dexerto Organizations: Service, Business, Flagship, DC, US, Washington Redskins, International Sports Television, Fugitive, Redskins, Cincinnati Bengals, Washington Convention Center, Special Operations, The Washington, Warner Bros, Empire, FBI Locations: Washington
Editor’s note: A version of this story appeared in CNN’s Wonder Theory science newsletter. Thousands of years ago, our ancestors produced the first maps of the stars and practiced alchemy, the precursor to chemistry. But ancient alchemists actually developed technology and discovered chemical elements that are still widely used today. Now, a new discovery links both astronomy and alchemy in one intriguing figure who lived during the Renaissance. Once the Starliner mission concludes, SpaceX will ferry a quartet of astronauts for NASA’s Crew-9 mission to the space station.
Persons: Sir Isaac Newton, Uraniborg, Tycho Brahe, Brahe, wasn’t, Butch Wilmore, Suni Williams, Mark Nappi, Craig Smith, Diva Amon, Andrew Sweetman, Sweetman, , David Flannery, Ashley Strickland, Katie Hunt Organizations: CNN, Chemists, Lund University Danish, NASA, Boeing, Engineers, SpaceX, NASA’s, Marine, Scottish Association for Marine Science, JPL, Caltech, Perseverance, CNN Space, Science Locations: Ireland, Brazil, Mars
CNN —The NASA Perseverance rover may have found a pivotal clue that’s central to its mission on Mars: geological evidence that could suggest life existed on the red planet billions of years ago. “These spots are a big surprise,” said David Flannery, member of the NASA Perseverance science team and an astrobiologist at the Queensland University of Technology in Australia, in a statement. But the arrowhead-shaped specimen could help the Perseverance team unlock whether Mars was once a planet hospitable to life. Perseverance rover captured a 360-degree panorama of a region on Mars called “Bright Angel,” where a river flowed billions of years ago. Exploring Mars’ pastSince landing on Mars, Perseverance has crossed Jezero Crater and explored an ancient river delta in search of microfossils of past life.
Persons: , David Flannery, haven’t, Mars, “ We’re, Briony Horgan, we’ve, , Morgan Cable, MSSS “ We’ve, Ken Farley, it’s, Perseverance, Nicola Fox, Bill Nelson, ” Horgan, ” Farley Organizations: CNN, NASA, Queensland University of Technology, Purdue University, Chemicals, NASA’s Jet Propulsion Laboratory, JPL, Caltech, ASU, ” Cable, California Institute of Technology, MSSS Geologists, Science Locations: Australia, West Lafayette , Indiana, Mars, Pasadena , California, Cheyava, Pasadena, Neretva
Its price target implies more than 30% upside. Analyst Stephen Bersey also slashed his price target for the stock to $302 from $388. The financial firm reiterated its overweight on the technology titan and Magnificent Seven member and increased its price target to $485 from $465. The bank upgraded shares of the doughnut maker to buy from hold, while standing by its target price of $14. The bank upgraded the shoe company to overweight from equal weight and raised its price target to $80 from $60.
Persons: CrowdStrike, Morgan Stanley, Stephen Bersey, Bersey, Lisa Kailai Han, Piper Sandler, Brent Bracelin, Bracelin, — Lisa Kailai Han, Peter Christiansen, Christiansen, Sorabh Daga, McDonald's, Daga, Fred Imbert Organizations: CNBC, HSBC, HSBC downgrades CrowdStrike, Guggenheim, Microsoft, Microsoft Cloud, Citi Locations: CrowdStrike, U.S, Monday's
The Fed should cut interest rates at its meeting this month, according to Goldman Sachs. Economist Jan Hatzius highlighted three reasons a rate cut makes sense this month rather than in September. The market sees a 100% chance of a rate cut in September, but only a 7%chance for a cut in July. AdvertisementThe Federal Reserve should cut interest rates at its upcoming policy meeting on July 31, according to Goldman Sachs. According to the CME FedWatch Tool, investors see just a 7% chance of an interest rate cut at this month's FOMC meeting.
Persons: Goldman Sachs, Jan Hatzius, , Hatzius Organizations: Service, Fed
Read previewWhen the pandemic hit, young families fled cities across the US in droves. Overall, domestic out-migration from big cities is still double the rate it was pre-pandemic. "This data is three years out from the start of the pandemic, cities have started to recover robustly on a bunch of different measures." Families with kids under six years old are more than twice as likely to leave New York City than families without young kids, the Fiscal Policy Institute found. Some exurbs — particularly in the pro-development Sunbelt — are seeing young families flood in.
Persons: , Connor O'Brien, EIG, O'Brien, millennials Organizations: Service, Economic Innovation Group, Business, New York City Locations: exurbs, New York, Chicago's Cook County, San Francisco, Los Angeles, nation's, downtowns, New York City, Exurban, Polk County , Florida, Orlando, Tampa, Montgomery County , Texas, Houston
5 Takeaways From France’s Snap Election
  + stars: | 2024-07-08 | by ( Adam Nossiter | Aurelien Breeden | ) www.nytimes.com   time to read: 1 min
France’s left-wing parties surged unexpectedly in nationwide legislative elections on Sunday, denying the nationalist, anti-immigration National Rally party a majority in the lower house of Parliament. But no party appeared on track to secure an absolute majority, leaving one of Europe’s largest countries headed for gridlock or political instability. The results were compiled by The New York Times using data from the Interior Ministry, and they confirmed earlier projections showing that no single party or bloc would win a majority. Here are five takeaways from the election. 1There were two big surprises as France voted for a new Parliament in snap elections, neither one foreseen by pundits, pollsters or prognosticators.
Persons: France’s Organizations: Rally, The New York Times, Interior Ministry Locations: France
What a hung parliament in France could mean for markets
  + stars: | 2024-07-07 | by ( Matt Clinch | ) www.cnbc.com   time to read: +4 min
Emmanuel Dunand | Afp | Getty ImagesInitial indications on Sunday evening for the French parliamentary run-off vote threw up some big surprises, leaving political commentators contemplating a "hung parliament" scenario that could prove challenging for both policymaking and financial markets. With none of the groups expected to hit the 289 seats needed for an absolute majority, gridlock could ensue over the coming weeks. The euro slipped about 0.3% against the U.S. dollar in thin trading on Sunday evening after the exit polls were released. "Regardless, uncertainty about the outlook for French policymaking is likely to be long-lasting," the analysts said. France is facing a challenging fiscal position, and the European Commission announced two weeks ago that it intended to place France under an Excessive Deficit Procedure due to its failure to keep its budget deficit within 3 percent of gross domestic product.
Persons: Emmanuel Dunand, France's, Emmanuel Macron's, policymaking, Jack Allen, Reynolds, Macron, David Roche Organizations: la Republique, Afp, Getty, Popular Front, Rassemblement National, U.S, Citi, Daiwa, European Commission, Capital Economics, Independent, National Rally Locations: France, la, Paris, Italy, Germany
Mortgage rates have started July a bit higher than they were last month, with 30-year mortgage rates averaging around 6.71% this week, according to Zillow data. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. 30-Year Fixed Mortgage RatesThe average 30-year fixed mortgage rate was 6.95% this week, according to Freddie Mac. 15-Year Fixed Mortgage RatesAverage 15-year mortgage rates were 6.25% this week, according to Freddie Mac data, which is a nine-basis-point increase from the previous week. Now that the Fed has paused hiking rates, mortgage rates have come down a bit.
Persons: Danielle Hale, Hale, Freddie Mac Organizations: of Labor Statistics, Labor, Federal Reserve, Zillow, Fed Locations: U.S, Chevron
CNN —France edged into into the semifinals of Euro 2024 after beating Portugal 5-3 in a penalty shootout after the game finished 0-0 on Friday. Theo Hernández scored the decisive penalty to seal the quarterfinal victory in Hamburg, after João Félix had hit the post earlier in the shootout. Meanwhile, Ronaldo scored Portugal’s first penalty of the shootout, though he also missed a golden chance during normal time when he was set up by Francisco Conceição. Mbappé celebrates after France beats Portugal. Theo Hernández scores France's winning penalty against Portugal.
Persons: Theo Hernández, João Félix, Cristiano Ronaldo, Mbappé, Ronaldo, Portugal’s, Francisco Conceição, Chris Brunskill, Hernández, Diogo Costa, N’Golo Kanté, Bruno Fernandes, Fernandes, Mike Maignan, Randal Kolo Muani, Jules Koundé, Rúben Dias, Eduardo Camavinga’s, Ousmane Dembélé, Germain, Upamecano, Rafael Leão, Didier Deschamps, Justin Setterfield, Nuno Mendes ’, Dembélé, Felix, Bradley Barcola, Costa –, Lars Baron Organizations: CNN, Portugal, France, Slovenia, Manchester United, Paris Saint Locations: France, Hamburg, Spain, Munich, Portugal, Costa, Conceição, Portuguese
We Counted 22,252 Cars to See How Much Congestion Pricing Might Have Made This MorningToday would have been the first Monday of New York City’s congestion pricing plan. We sent 27 people to count vehicles manually at four bridges, four tunnels and nine streets where cars entered the business district. In total, we counted 22,252 cars, trucks, motorcycles and buses between 8 a.m. and 9 a.m. on Monday. But it does give you a rough sense of scale: It’s a lot of cars, and a lot of money. had planned to use the congestion pricing revenue estimates to secure $15 billion in financing for subway upgrades.
Persons: Kathy Hochul, Noah Throop, Ruru Kuo, It’s, Franklin Organizations: Gov, New York Times, Metropolitan Transportation Authority, Tunnel, Manhattan Bridge, Brooklyn Bridge, manhattan, Williamsburg Bridge, Battery Locations: York, Lexington, St, Queens, Midtown, Tunnel manhattan, Holland, Manhattan, Brooklyn, Brooklyn Bridge Brooklyn, Williamsburg
"Nobody really knows, and that uncertainty is uncomfortable," said Lisa Schilling, director of practice research at the Society of Actuaries Research Institute, the research arm of the Society of Actuaries. Longevity risk measures the likelihood someone may live longer than expected and outlive their savings. The tool asks for basic information on either an individual or a couple: age, sex, retirement age, smoking status and a description of their general health — poor, average or excellent. The results aim to provide a "reasonable" estimate of how long you might live, according to the organizations. Health status affects life expectancy projectionsChronic health conditions such as high blood pressure, cardiovascular disease, cancer, diabetes, high cholesterol, tobacco use, obesity or Parkinson's disease reduce an individual's projected life expectancy.
Persons: Lisa Schilling, haven't, Schilling Organizations: Istock, Society of Actuaries Research, Society of Actuaries, HealthView Services, Finance, Social Security Workers, of Actuaries, American Academy, Actuaries, American Academy of Actuaries, Social Security, Social
But Mucho quickly became a loved and cherished member of our little family. AdvertisementMucho had ample room to play and relax inside the house, and he received abundant attention from my partner's family, who absolutely adored him. We started spending weekends at my partner's family home, blurring the lines between our live-in relationship and marriage. My partner argued that the dog wouldn't have come into our lives without his decision to get Mucho. He was more than just a pet; he was my dog child, whom I loved so deeply.
Persons: , Mucho, Saint, Mucho's Organizations: Service, Business Locations: Saint Bernard
Read previewIn the search for intelligent alien life, finding a Dyson sphere would be like hitting the jackpot. Dyson spheres are a hypothetical, super-advanced form of alien technology that may surround seven stars in our galaxy. Love Employee/Getty ImagesDespite what the name suggests, a Dyson sphere isn't necessarily one solid sphere that encases a star, although the most advanced ones could be. AdvertisementFor their study, Majumdar and colleagues analyzed more than 5 million stars throughout the Milky Way that exhibit IEEs. Next, the researchers will look closer at these seven strong Dyson sphere candidates using spectroscopic analysis, Majumdar said.
Persons: , Freeman Dyson, Suman Majumdar, Majumdar, Dyson, Jason Wright, Boyajian, Gaia, Wright Organizations: Service, Business, Royal Astronomical Society, Indian Institute of Technology, Penn State University, Dyson, ESA, Gaia, Space Agency, Louisiana State University
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