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It’s the Golden Age of Weird Vehicles
  + stars: | 2024-06-24 | by ( Christopher Maag | )   time to read: 1 min
This is Street Wars, a weekly series on the battle for space on New York’s streets and sidewalks. Jimmy Cho could ride a wheelchair, but wheelchairs are slow. He could also ride a standup scooter, but he prefers to sit. Thus he combined the front half of an electric scooter (handlebars, front wheel, motor, battery pack) to an old wheelchair (padded seat, handrails, nothing special). But because it’s zippy, he can keep pace with traffic on busy Manhattan avenues.
Persons: Jimmy Cho, Cho Locations: Manhattan
Dollar steady ahead of inflation reading; yen teeters toward 160
  + stars: | 2024-06-24 | by ( )   time to read: +3 min
The dollar was steady on Monday as traders looked ahead to fresh clues on the U.S. inflation path that will likely influence interest rates, while talk from Japanese authorities did little to temper the yen's decline back the round number of 160. The dollar was steady on Monday as traders looked ahead to fresh clues on the U.S. inflation path that will likely influence interest rates, while talk from Japanese authorities did little to temper the yen's decline back the round number of 160. The yen weakened to 159.94 per dollar in early trade on Monday, its lowest since April 29, when the yen touched a 34-year low of 160.245 leading to Japanese authorities spending some 9.8 trillion yen to support the currency. "The combination of slowing activity, a loosening labor market and slower inflation readings make us increasingly confident that the Fed will begin reducing policy rates in September," Citi said. The Australian dollar was last at $0.6640 and the New Zealand dollar was little changed at $0.6113.
Persons: Masato Kanda, Carol Kong, Emmanuel Macron, Christopher Wong Organizations: Bank of, Commonwealth Bank of Australia, Reuters, Citi, Fed, National, New Zealand Locations: Japan, U.S
CNN —Conspiracy theorist Alex Jones’ Infowars media empire will be shut down and sold off, a bankruptcy court-appointed trustee said in an emergency court filing Sunday, signalling the end of the notorious far-right outlet that Jones has used to spread dangerous misinformation and lies. But at that time, the judge ruled Jones’ media company Free Speech Systems, the parent of Infowars, would not be liquidated partly because the process would be costly and lengthy. The dismissal of the bankruptcy case against the outlet meant that the families were free to go after Jones’ assets, including Infowars, in state court. Since Jones is the owner of Free Speech Systems, a court appointed trustee was put in charge of the company. As a result, Jones’ trustee asked the bankruptcy judge for an emergency stay in the case to allow them to conduct an “orderly wind-down and sale process” of Infowars.
Persons: Alex Jones ’, Jones, Sandy Hook, , Christopher Mattei, Connecticut, , ” Mattei, ” Jones, Infowars, “ I’m Organizations: CNN, Speech Systems, Free Speech Systems, Systems, Court, Free, Locations: Texas, Infowars, Connecticut, Infowars
Citi analyst Andrew Kaplowitz upgraded his rating for the heating and ventilation company to buy from neutral. The analyst accompanied the move by upping his price target to $74 from $65, implying that shares of Carrier Global could rally 17% going forward. The financial institution raised its price target for Nvidia to $150 from $135. Analyst Erin Wright stood by her overweight rating on the health insurance stock, reiterating her $595 price target. Wright set a price target of $374, which is 23% higher than the insurance company's Friday closing price of $355.48.
Persons: Goldman Sachs, Andrew Kaplowitz, CARR, Kaplowitz, — Lisa Kailai Han, Jefferies, Blayne Curtis, kingmaker, Curtis, Lisa Kailai Han, Morgan Stanley, UnitedHealth, Morgan Stanley's, Erin Wright, Wright, Bernstein, Stephen Reitman, Ferrari, Reitman, Ferrari's, Sanjeet Aujla, Aujla, BUD, Christopher Danely, Danely, James Schneider, Schneider, Fred Imbert Organizations: CNBC, Monday, Citi, Micron Technology, IBM, Carrier Global, Carrier, Nvidia, Humana, Ferrari, UBS, Anheuser, Busch InBev It's, Busch InBev, Micron, Citi Citi, Dow Jones Industrial, Dow Locations: China, UnitedHealth, U.S, Friday's
In European Parliament elections this month, voters in most of the European Union’s 27 countries rallied to parties that hold the union in contempt. Analysts have leaped to the conclusion that the European Union must have done something wrong. In Germany, where a hard-right party anchored in the formerly Communist East got more votes than any of the three governing parties, voters cited highhanded energy policies. But the European Union’s governing machinery in Brussels is never where voters’ hearts and hopes are. The union is looking more and more like one of those 19th- and 20th-century projects to universalize the un-universalizable, like Esperanto.
Persons: Emmanuel Macron Organizations: European Union, Communist Locations: France, Germany, Communist East, Brussels, Esperanto
America’s housing crisis continues to worsen
  + stars: | 2024-06-23 | by ( Bryan Mena | )   time to read: +6 min
Washington CNN —Homeowners in America aren’t the only ones struggling with an unaffordable housing market. A report from Harvard University’s Joint Center for Housing Studies released last week showed that both homeowners and renters in recent years have become increasingly burdened by climbing housing costs. That’s all part of a broader struggle in the US housing market, and recent data shows that it hasn’t gotten any better. But there’s a problem: ChatGPT — soon to be integrated into Siri — is banned in China, reports my colleague Samantha Murphy Kelly. The Chicago Fed releases its National Activity Index for May.
Persons: ” Lael Brainard, , , Brainard, Biden, ” Brainard, ChatGPT —, Siri —, Samantha Murphy Kelly, OpenAI, Siri, ChatGPT, Read, Christopher Waller, Lisa Cook, Michelle Bowman, General Mills, Levi Strauss, Tom Barkin Organizations: CNN Business, Bell, Washington CNN — Homeowners, America aren’t, Harvard University’s, for Housing Studies, Harvard, , White, Economic Council, Urban Institute, Administration, Apple, Apple Intelligence, Microsoft, Google, Meta, Samsung, Cyberspace Administration, FedEx, Chicago Fed, Global, Index, Board, Micron, General, US Commerce Department, Federal Reserve, Nike, McCormick, Walgreens, US Labor Department, National Association of Realtors, Richmond Fed, University of Michigan Locations: Washington, America, Congress, China
East Coast Natureworld in Tasmania, Australia, is hiring a “wombat walker” who will help keep these fuzzy marsupials in peak physical condition. Tasmania is also looking for a volunteer paranormal investigator to spend a day (or night …) checking out a spooky abandoned asylum. Now, travelers are looking at Norway and Sweden in the summer while checking out flights for Greece in the cooler fall and spring. New Zealand Prime Minister Christopher Luxon alights from a Royal New Zealand Air Force aircraft. But New Zealand Prime Minister Christopher Luxon isn’t just any ordinary traveler.
Persons: , Petros Giannakouris, Sarah Hamouda, Christopher Luxon alights, Andrew Kutan, grumbling, Christopher Luxon isn’t, Luxon, Michelle Wibowo, Simon Jacobs, Edamame Sheeran, Benedict Cucumberbatch, it’s Organizations: CNN, Zealand, Royal New Zealand Air Force, Getty, Air New Zealand –, Qatar Airways, Virgin Australia Locations: Dubai, East Coast, Tasmania, Australia, Athens, Greece, Italy, Hong Kong, Norway, Sweden, AFP, Japan, Air, Doha, South Korea, Matera
Jeff Landry of Louisiana signs a bill mandating that the Ten Commandments be displayed in all public classrooms. He says of the legislation, “I can’t wait to be sued.”***Mr. Landry is sued by 28 organizations, including the American Civil Liberties Union, Amalgamated Atheists of America, the Benevolent and Protective Order of Beelzebubbians, the Spouses of U.S. Supreme Court Justices Neighborhood Welcome Wagon Association, and Liberals for the Prevention of Morality. The Republican Party responds with a fund-raising email blitz for a new legal defense fund. The subject line reads, “Moses ❤️ Louisiana (and Trump!!! ).”***Donald Trump hails Mr. Landry, calling him “the greatest mayor of Louisiana maybe ever.”“Actually, ever,” he adds.
Persons: Jeff Landry of, , Landry, “ Moses ❤️ Louisiana, Trump, Donald Trump Organizations: American Civil Liberties Union, Amalgamated Atheists of America, Benevolent, Beelzebubbians, Supreme, Association, Republican Locations: Jeff Landry of Louisiana, Louisiana
New York CNN —Nvidia’s eye-popping gains this year have helped propel the stock market to repeated record highs. Can Nvidia’s blockbuster gains continue, and what does its outsized market cap mean for the stock rally? Now everyone says, “the market is dependent on Nvidia’s earnings.” You’re going to see a kind of a shift in market cap over the years. “These lower mortgage rates coupled with the gradually improving housing supply bodes well for the housing market.”Still, mortgage rates remain higher than anything seen in the decade before 2022, the year the Federal Reserve began to raise interest rates to combat inflation. The Fed doesn’t directly set mortgage rates but its actions do influence them through the benchmark 10-year US Treasury yield, which moves in anticipation of the Fed’s policy moves.
Persons: OpenAI’s, Bell, Christopher Barto, ” You’re, Bryan Mena, Freddie Mac, , Sam Khater, Freddie Mac’s, don’t, Read, Ilya Sutskever, Clare Duffy, Sutskever, Geoffrey Hinton Organizations: CNN Business, Bell, New York CNN, Nvidia, Microsoft, Fort Pitt Capital Group, Apple, Meta, Google, Amazon, , Federal Reserve, Treasury, Superintelligence Inc, SSI Locations: New York
Labour Party leader Sir Keir Starmer speaks ahead of the U.K.'s general election on July 4, 2024. The left-of-center opposition party retains a commanding lead of around 20 points over current Prime Minister Rishi Sunak's Conservatives, according to the latest YouGov poll. But who is Keir Starmer — Labour's leader and the clear favorite to become prime minister after Britain's July 4 election? Starmer also served as a human rights adviser during former Labour Prime Minister Tony Blair's Northern Ireland Good Friday Agreement. Labour leader Keir Starmer takes a selfie with students after a campaign event at Three Counties Medical School on May 29, 2024.
Persons: Sir Keir Starmer, Anthony Devlin, Rishi Sunak's, Nigel Farage's, Keir Starmer —, Starmer, Margaret Thatcher's, Tony Blair's, Jeremy Corbyn, Keir Starmer, Christopher Furlong Organizations: Labour Party, Getty, Conservative, Britain's Labour Party, Labour, Conservatives, British, National Health Service, University of Leeds, University of Oxford, Shell, Tony Blair's Northern, Service, Counties Medical School, Wealth Fund Locations: London, England, Victoria, EU, Britain
CNN —Hundreds of monumental stone heads dot the coastline of the remote Pacific island of Rapa Nui, or Easter Island. Terry HuntThe rock gardens had covered up to 21.1 square kilometers (8.1 square miles) and could have sustained up to 17,000 people, previous research suggested. Archaeologists have identified the remains of rock gardens on which islanders would have grown sweet potatoes and other crops. “This finding was the result of integrating new remotely sensed data, data not available when we did our original study.” He wasn’t involved in the new research. In fact, when Europeans first make contact with Rapa Nui people, they only report seeing maybe 3,000 or 4,000 people and report that people were in good spirits,” Davis said.
Persons: Jared Diamond, , Dylan Davis, Davis, School’s Lamont, Terry Hunt, ” Davis, Rapa, ” Ladefoged, wasn’t, Christopher Stevenson, ” Stevenson, Carl Lipo, What’s Organizations: CNN, Columbia, Observatory, New Zealand’s University of Auckland, School of, Studies, Virginia Commonwealth University Locations: Rapa Nui, Rapa, Chile, Pitcairn, Washington
Whether the Biden administration overlooked a less restrictive alternative could become a factor in a potential test of the law’s constitutionality. In Thursday’s filing, TikTok said the agreement was never signed despite years of negotiations and dozens of meetings and phone calls with US government officials. The Trump administration tried to ban TikTok by executive action, but that was quickly stymied by legal challenges. US officials have not publicly presented evidence that China has accessed US users’ TikTok data. On Thursday, TikTok’s filing said the company has so far spent $2 billion voluntarily implementing Project Texas.
Persons: TikTok, Biden, Joe Biden, , CFIUS, , Trump, Christopher Simkins, Simkins Organizations: CNN, US Air Force, Foreign Investment, Meta, Independent, Texas Locations: United States, TikTok, China
It took the authorities one week to find the bodies of Julianne Williams and Laura Winans near their campsite at a national park in Virginia in 1996 after their family reported them missing. But it would take nearly three decades for the authorities to identify the person they believe killed them. “I want to again extend my condolences to the Winans and Williams families and hope today’s announcement provides some small measure of solace.”An F.B.I. It re-examined previous leads and interviews and evidence recovered from the site of the killings. Investigators submitted some of the evidence for DNA testing and found a match to Mr. Jackson’s DNA, the agency said.
Persons: Julianne Williams, Laura Winans, Walter Leo Jackson Sr, , Lollie Winans, Julie Williams, ” Christopher R, Kavanaugh, Winans, Williams, Jackson’s Locations: Virginia, Richmond, Ohio, Shenandoah, U.S
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. 'Largest ever operation against botnets'Europol called the sting the "largest ever operation against botnets, which play a major role in the deployment of ransomware." As part of the operation, the law enforcement agencies shut down at least four malware groups or "droppers" known as "IcedID," "Smokeloader," "Pikabot," and "Bumblebee." Mitrano said "Operation Endgame," is a "very important first step, but we have to keep going." AdvertisementThe "biggest problem" in the malware world, according to Holt, is that there is always a different iteration of malware on the horizon.
Persons: , Adam Wandt, John Jay, botnets, Europol, Christopher Wray, alarmingly, Wandt, Ransomware, Tracy Beth Mitrano, it's, Mitrano, Thomas Holt, cybercrime, Holt, Cybercriminals, Wray, borderless cybercrime Organizations: Service, Business, European Union, FBI, cybercrime, New, John, John Jay College of Criminal, botnets, Cornell University, of Criminal Justice, Michigan State University Locations: Ukraine, Armenia, Europe, cryptocurrency, United States, Holt, ransomware
The 33-year-old financial advisor, who's based in Santa Monica, California, made roughly $130,000 last year, according to a document viewed by Business Insider. This story is available exclusively to Business Insider subscribers. To feel "rich," Stroup estimated that he'd need an annual income of about $400,000 to $500,000 a year — more than triple his 2023 earnings. In January, Business Insider estimated that it would cost parents about $26,000 to care for a small child in 2024. AdvertisementWith all these expenses to consider, it might make sense for Stroup to move somewhere with lower housing costs.
Persons: , Christopher Stroup's, who's, he's, he'd, Stroup, hasn't, Santa Monica, there's, aren't, I'd Organizations: Service, Business, Santa Locations: Los Angeles, Santa Monica , California, Santa Monica, Cincinnati, Bakersfield , California, Bakersfield, Troy , Pennsylvania
A US-based lawyer who has represented accused Chinese money launderers said the tempo of law enforcement operations against the alleged launderers has increased in recent weeks as federal agents close in on “bigger fish” among Chinese money launderers in the US. None of the federal law enforcement agencies involved in tracking Chinese money launderers agreed to be interviewed on the record. Grassley and Whitehouse have each introduced legislation they say is key to closing loopholes in US law that are actively exploited by the cartels’ money launderers. Elaborate networksRecent court documents illuminate how far-flung and elaborate US-based networks of alleged Chinese money launderers are. Mirror TransactionsExperts say the Chinese money launderers have mastered the art of so-called mirror transactions, which involve a series of deposits at multiple bank accounts to conceal the drug money.
Persons: , Anne Milgram, surveil, , Don Im, Biden, HSI, Ricardo Mayoral, William Kimbell, ” Kimbell, launderers, , Sen, Sheldon Whitehouse, ” Whitehouse, Treasury Department —, Whitehouse, Christopher Wray, Joe Biden, Xi Jinping, Republican Sen, Charles Grassley, Enhua Fang, Li Pei Tan, Tan, Joe Habachy, Matthew Rothbeind, Fang, Chaojie Chen, Chen, Greg Hunter, ” David Luckey, JPMorgan Chase Organizations: CNN, Drug, Administration, Sinaloa Cartel, US Court, Central, Central District of, DEA, IRS, , Centers for Disease Control, Federal, Homeland Security, Treasury, Treasury Department, Treasury’s, Network, Homeland Security Investigations, DHS, Financial Crimes, Rhode Island Democrat, intel, Department of Homeland Security, FBI, Senate, ” CNN, White, Office of National Drug Control, Service, Biden, Republican, Grassley, Rand Corporation, of, JPMorgan Chase, Bank of America, JPMorgan, Organization Locations: California, Mexican, China, Mexico, Los Angeles, Sinaloa, Central District, Central District of California, Colombia, America, Oregon, Virginia, South Carolina, Washington, DC, North, Central America, , Iowa, North Carolina, Belize, Chinese, Georgia, Chicago, Tulsa, East Coast, Detroit , Chicago, Ohio, Western, of North Carolina, Wells Fargo
By no means am I interested in tackling any impact policy differences may have upon non-market related subjects. Monetary policy So let's begin with monetary policy. Fiscal policy Now let's turn to fiscal policy. Trade policy Trade policy is easy. Regulatory policy Finally, the big kahuna, regulatory policy.
Persons: Donald Trump, Joe Biden, Clinton, Christopher Waller, Michelle Bowman —, Jerome Powell, Janet Yellen, Powell, Biden, Lisa Cook, Philip Jefferson, Bill Dudley's, Covid, Trump, Cato, Stocks Organizations: Trump, Federal Reserve, Fed, Trump Fed, Bloomberg, Democratic, Heritage, AEI, Biden Locations: China
But an Air New Zealand plane had a very different reason for making an unplanned stop yesterday – they were picking up the country’s prime minister after his government aircraft broke down. New Zealand Prime Minister Christopher Luxon and a group of prominent business leaders were en route to Tokyo for a summit with Japanese Prime Minister Fumio Kishida. They were traveling on a Royal New Zealand Defense Force plane, which stopped in Port Moresby, Papua New Guinea to refuel. Luckily, one of the 50-some business leaders in the delegation was Air New Zealand (ANZ) CEO Greg Foran. Coincidentally, Luxon, who was elected in 2023, spent seven years as the CEO of Air New Zealand before getting into politics.
Persons: Christopher Luxon, Fumio Kishida, couldn’t, Greg Foran, Luxon, Judith Collins, ” Collins, , Jacinda Ardern, country’s Scott Organizations: CNN, Zealand, Japanese, Royal New Zealand Defense Force, Boeing, Air New Zealand, ANZ, Port Moresby, Kiwi, Newstalk ZB, , country’s Locations: ., Tokyo, Port Moresby, Papua New Guinea, Auckland, New Zealand, Antarctica, Italian
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe $10 Trillion bull fight: Apple versus Microsoft versus NvidiaGil Luria, D.A Davidson senior software analyst; Joel Fishbein, Truist software & cloud technology analyst; and Christopher Rolland, Susquehanna Financial Group senior semiconductor analyst, join 'Power Lunch' to discuss Apple, Microsoft, and Nvidia.
Persons: Nvidia Gil Luria, D.A, Joel Fishbein, Christopher Rolland Organizations: Apple, Microsoft, Nvidia, D.A Davidson, Susquehanna Financial Group
But the terms' recent popularity suggests people want to understand how they fit into the broader economy beyond standard measurements. But that, too, is uncertain: She said she was "dangerously close" to losing the aid because her income is too high. ALICEs tend to be older or younger workers, and while they're represented across racial groups, they're more likely to be Black or Hispanic. HIFI: High Income, Financially InsecureHIFI is the latest acronym to join the club. In a 2021 Medium post, Erica Dhawan defined "geriatric millennials" as millennials born in the early 1980s.
Persons: ALICE, HENRY, Kory, Anthony Klotz, Kantenga, DINK, They've, they've, Eric Anicich, Henry, Alice, haven't, Sarah, she's, — there's, they're, Carrie, Gen Zers, Brenton, Mirlanda, Neiman Marcus, Katie Notopoulos, Paige Connell, Connell, Chrissy Arsenault, Arsenault, Jimmy Simpson, who've, Rich, Christopher Stroup, Stroup, HIFIs, Erica Dhawan, Dwahan, Louis, , Jewel Benjamin, Benjamin, micromanaging, Erin Snodgrass, Jacob Zinkula Organizations: FIRE, Business, LinkedIn, Texas, USC Marshall School of Business, : Asset, SNAP, Los Angeles Times, DINKs, Public School, Financial Independence, Sherwood News, Federal Reserve Bank of St, Federal Reserve, University of Michigan Health, Social, Social Security Locations: POLK, City, Dallas, Boston, Massachusetts, Colorado, Santa Monica , California, millennials, Georgia
Some of the Sandy Hook families had requested the judge move to liquidate Jones’ Free Speech Systems company. What happens to InfowarsFor now, nothing changes for Jones’ Infowars shows. Because of Jones’ bankruptcy, Free Speech Systems is now in the hands of a court-appointed trustee. “I do not now own Infowars,” Jones said during an “emergency” show on Saturday. But no matter what happens to the company, Jones still owes nearly $1.5 billion.
Persons: Alex Jones ’, Jones, Sandy, I’ve, Christopher Lopez, , Lopez, Sandy Hook, ” Lopez, Jones ’, Sandy Hook –, It’s, ” Jones, ” Jay Westbrook, ” Westbrook, ” Marie Reilly, Anthony Fauci, Trump, Elon Musk, Tucker Carlson Organizations: CNN, Free Speech Systems, Systems, Speech Systems, University of Texas, Penn State University, National Institute of Allergy, Fox News Locations: Houston
His son Christopher said he died in a hospital but did not specify the cause. Mr. Benson practiced the ancient and exacting art of carving into rock; slate was his preferred medium. He did so, precisely and gorgeously, on cornerstones, gravestones and monuments, as his father had before him, working out of an atelier in Newport called the John Stevens Shop. The art Mr. Benson practiced is mostly devoted to mortality, the brief span of a life, though it is designed for eternity, or something close to it. Mr. Benson could spend a day carving a cross; a gravestone might take three months.
Persons: John Everett Benson, , Christopher, Benson, John Stevens Organizations: John Stevens Shop Locations: Newport, R.I
A man wielding an ax on a street crowded with soccer fans was shot by the police on Sunday in Hamburg, Germany, only hours before the city was to host a game at the European Championship. The man threatened police officers with “a pickax and an incendiary device,” a police spokesman said on Sunday. The incident took place in Hamburg’s entertainment district, a section of the city known as the Reeperbahn that is filled with restaurants and bars. At the time, the area was packed with thousands of fans who had arrived to see the Netherlands play Poland on Sunday afternoon. According to a spokeswoman for the Hamburg police and videos of the incident posted online, the man came out of a small restaurant with a small, double-bladed ax and a firebomb and threatened officers nearby.
Persons: Organizations: European, Sunday, Hamburg Locations: Hamburg, Germany, Netherlands, Poland
A little more than a week before the start of this summer’s European soccer championship, one of Germany’s national broadcasters aired a documentary examining the national team’s history through its multiculturalism. Or, rather, the lack of it. While the thrust of the film, “Unity and Justice and Diversity,” focused on the progress that Germany had made, it has reverberated inside the country, and beyond, for a very different reason. Joshua Kimmich, a senior member of Germany’s national team, described the survey as racist. The German chancellor, Olaf Scholz, declared, “We will not allow ourselves to be divided.” They, and many others, focused not on the findings but on the decision to ask the question in the first place.
Persons: , Philipp Awounou, Joshua Kimmich, Olaf Scholz, Organizations: Justice, ARD, German national Locations: European, Germany
New York CNN —Alex Jones’ conspiracy empire is on the brink. If the judge rules in favor of Sandy Hook families, Infowars would be shuttered. In such a scenario, a court-appointed trustee would be tasked with securing the assets and then selling off Jones’ media empire, including the website, studio space, and broadcasting equipment. “Infowars would no longer exist,” Christopher Mattei, an attorney who represents some of the Sandy Hook families, explained this week to CNN’s Hadas Gold. But the attorneys representing Sandy Hook families expect that the most likely scenario is Jones’ Infowars empire will be sold off, piece by piece, with the proceeds going to their clients.
Persons: Alex Jones ’, Sandy Hook, Jones, Infowars, ” Christopher Mattei, ” Jones, Tucker Carlson, Dinesh D’Souza, Alex Jones, ” Mattei, , Organizations: New York CNN, Systems, Companies, Fox News, Voting Systems, America News, Salem Media Locations: New York, Texas, Newtown , Connecticut, Connecticut
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