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I’m tripping over their bodies,” said Sydney Seiler, the U.S. national intelligence officer for North Korea from 2020 to 2023. “Kim Jong Un is selling North Korean soldiers as cannon fodder mercenaries,” South Korean Defense Minister Kim Yong-hyun said last month. It’s an entirely new environment for the North Korean soldiers, who live in one of the most isolated and repressive countries in the world. The Russian military is teaching the North Korean soldiers about 100 key military terms, but “North Koreans are having a difficult time learning Russian,” South Korean lawmakers Lee Sung-kwon and Park Sun-won said last month. North Korean soldiers’ inexperience could be another point of friction and a major factor in how they are deployed.

Persons: Kim Jong Un, Vladimir Putin, Putin, ”, Sydney Seiler, Seiler, Gavriil, Joe Biden, Yoon Suk Yeol, Shigeru Ishiba, Kim, “ Kim Jong, Kim Yong, hyun, John Hardie, Lee Sung, Bruce Bennett, ” Hardie, Bennett, ” Bennett, Edward Howell, “, ” Howell, Stella Kim Organizations: Ukraine, North, NBC News, U.S, The State Department, Korea’s National Intelligence Service, NBC, Center for Strategic, International Studies, Getty Images, Economic Cooperation, South Korean Defense, Pentagon, Politico, South Korea’s National Intelligence Service, North Korean, South Korean National Intelligence Service, AFP, Getty, Korean, Battalion, Russian Ministry of Defense, Foundation for Defense of Democracies, South, Sun, Rand Corp . Communication, Chatham House Locations: SEOUL, South Korea, Ukraine, Moscow, Russia, U.S, North Korea, Russian, Kursk, Korean, Korea, Washington, Pyongyang, Getty Images North Korea, South, Asia, Lima , Peru, The U.S, California, Ukrainian, London, Seoul, Hong Kong

☆ Google Workspace chief is stepping down, leaked memo shows
▼ + stars: | 2024-11-05 | by ( Hugh Langley | ) www.businessinsider.com time to read: +3 min

Google's Workspace leader Aparna Pappu is stepping down, per an internal memo. "I'm ready for the next opportunity at Google and stepping down from my current role as GM of Workspace," Pappu told staff last week in a memo viewed by Business Insider. Pappu said she would remain in an advisory position for Workspace before transitioning to a new role within Google. Dischler moved to a new role as Google's president of cloud applications earlier this year after 15 years working on Google's ads. AdvertisementThe shake-up comes at a critical time for Google's Workspace business as it tries to get customers to pay for new generative AI features.

Persons: Aparna Pappu, Jerry Dischler, —, Pappu, Javier Soltero, Anurag Agarwal, Yulie Kwon Kim, Dischler, Thomas Kurian, Pat McCarthy, Bob Frati, That's Organizations: Service, Microsoft, Google, Business, BI

☆ Bank of America's Trump-Harris playbook: How the stock market will react to the various election scenarios
▼ + stars: | 2024-11-04 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Here's how Bank of America suggests trading a variety of Election Day outcomes. Split Republican control A Trump White House with a largely Democratic Congress is overall neutral for equities, Kwon said. Split Democratic control The status quo would be maintained with a Harris White House and a Republican Congress, Kwon said. Over the past seven election cycles, the two-week price direction for stocks was identical to one day after election day every single time. Outside of the election, Kwon said that the Fed could have ample reason to cut further.

Persons: Ohsung Kwon, Kwon, Donald Trump, Trump, Kamala Harris, Harris Organizations: Bank of America, Trump, Republican, Trump White House, Democratic, Harris White, Federal

☆ CNBC Daily Open: The economy and inflation might stay strong
▼ + stars: | 2024-10-15 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Data on employment, inflation and economic growth have signaled that the "economy may not be slowing as much as desired," Waller said. A soft landing is the scenario in which inflation drops to the Fed's 2% target while economic growth and employment remain healthy. A "no landing," on the other hand, is when the economy continues expanding as inflation remains high.

Persons: Jefferies, Kelly Ortberg, Christopher Waller, Waller, Fed Governor Waller, Henry Allen, Ohsung Kwon, BofA, Kwon, –, Jeff Cox, Sarah Min, Lisa Kailai Han, Yun Li Organizations: Shoppers, Miami Design District, CNBC, Grand View Research, Boeing, P Global, U.S . Federal, Fed, Deutsche Bank, Bank of America Securities Locations: Miami , Florida, U.S

☆ Earnings ramp up this week. Here’s what to watch for this season
▼ + stars: | 2024-10-14 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Earnings will be the main event this week, as Wall Street looks to add to recent record-setting gains. Nearly 40 S & P 500 companies are scheduled to post third-quarter results this week. Check out our latest Earnings Playbook for more on the names reporting this week. The 30 S & P 500 names that reported last week beat earnings expectations by an average of 5%, according to Bank of America. The S & P 500 closed above 5,800 for the first time on Friday.

Persons: Goldman Sachs, Morgan Stanley —, Ohsung Kwon, Banks, JP Morgan, corporates, Kwon, Fastenal, Lori Calvasina, It's, Dow Organizations: Netflix, Bank of America, RBC Capital Markets, Big, Dow Jones Industrial, Federal Reserve

☆ Easing cycle should be more favorable for banks going forward, says BofA's Ohsung Kwon
▼ + stars: | 2024-10-10 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEasing cycle should be more favorable for banks going forward, says BofA's Ohsung KwonSteve Sosnick, Interactive Brokers chief strategist, and Ohsung Kwon, BofA Securities, talks the day's market action and upcoming bank earnings.

Persons: BofA's Ohsung Kwon Steve Sosnick, Ohsung Kwon Organizations: Interactive Brokers, BofA Securities

☆ Earnings reporting season starts this week and investors don't expect it to be great
▼ + stars: | 2024-10-08 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The third quarter earnings season will take its first big steps this week, but Wall Street has already been dialing back expectations for months. That shift could be a sign that Wall Street is losing confidence in corporate America. 7 and Other 493 earnings are expected to slow in 3Q, but Other 493 earnings are expected to re-accelerate to low-to-mid teens growth starting in 4Q, while Mag. PepsiCo reported mixed results for the third quarter on Tuesday, as the food and beverage company beat on earnings but saw softer sales numbers. Delta Airlines and JPMorgan Chase are some of the heavy hitters on deck for later in the week.

Persons: Ohsung Kwon, Kwon Organizations: Bank of America, 4Q, Microsoft, Nvidia, Tesla, Apple, PepsiCo, Delta Airlines, JPMorgan Chase Locations: America

☆ Big Tech just notched a huge win in California with an AI bill veto
▼ + stars: | 2024-09-30 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +5 min

Gavin Newsom vetoed an artificial intelligence safety bill on Sunday. Gavin Newsom vetoed an artificial intelligence safety bill on Sunday, a win for AI heavyweights like OpenAI and Big Tech companies that lobbied against it. The debate in California reflects the challenge governments face walking the fine line between allowing tech companies to innovate while protecting against new potential risks. Elon Musk, who founded AI company xAI last year, said last month that although it was "a tough call and will make some people upset," he thought "California should probably pass the SB 1047 AI safety bill." Several former OpenAI employees also supported the safety bill and said that OpenAI's opposition to the bill was disappointing.

Persons: Gavin Newsom, Newsom, —, Sen, Scott Weiner, Wiener, didn't, Charles Schwab, Rob Sherman, Marc Andreessen, Andreessen Horowitz, Newsom's, Jason Kwon, Meta, Elon Musk, xAI, Dario Amodei, William Saunders, Daniel Kokotajlo Organizations: Service, Big Tech, Chevron, Tesla, Oracle, Venture Capital Locations: California, Silicon Valley

☆ OpenAI's power players: Meet the 20 leaders helping shape the future of the AI giant
▼ + stars: | 2024-09-18 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +18 min

Last November, the sudden ouster of CEO Sam Altman and the resulting revolt by most of its employees cast doubts on the future of the world's most prominent AI company. While by no means a comprehensive list, below are some of the key power players who are helping to determine OpenAI's future. He took over for his former boss, Jason Kwon, who has since become the company's chief strategy officer. She's also been referred to as OpenAI's "minister of truth" for her efforts to ensure the company's AI products aren't deceptive or biased. ResearchJakub Pachocki, Chief ScientistRelated storiesPachocki joined OpenAI's research in 2017 after completing a PhD in computer science at Carnegie Mellon University.

Persons: —, Sam Altman, OpenAI, Sarah Friar, Friar, Goldman Sachs, She's, Jason Kwon, Kwon, Anna Makanju, Global Affairs Chris Lehane, Che Cheng, OpenAI's, Cheng, Mira Murati, Murati, Kevin Weil, Weil, Instagram, Peter Welinder, Peter Deng, Research Jakub Pachocki, Pachocki, Ilya Sutkever, Ilya, Mark Chen, Chen, Bob McGrew, Sam Altman's, Lilian Weng, Weng, Aleksandr Madry, Barret Zoph, John Schulman, Zoph, Alec Radford, Radford, Zico Kolter, Kolter, Paul Nakasone, Bret Taylor, Taylor, He's, Larry Summers, Fidji Simo, Melinda Gates, Nicole Seligman, Adam D'Angelo, Quora, Altman, D'Angelo, Andrea Appella, Haidee Schwartz, Schwartz, Akin Gump, She'll, Heather Whitney, Whitney, Morrison Foerster, Makanju, Sam, Biden, Chris Lehane, Lehane, Clinton Organizations: Service, OpenAI, Business, Microsoft, Apple, Google, Khosla Ventures, Global, Global Affairs, Amazon, supercomputing, Tesla, Meta, Twitter, ChatGPT Enterprise, Research, Carnegie Mellon University, MIT, Facebook, Security, Machine Learning Department, Carnegie Mellon Carnegie Mellon, Stanford, CMU, Safety, Security Committee, US Army, NSA, US Cyber Command, Defense Department, U.S, Melinda Gates Foundation, Global Competition, Netflix, Century Fox, Competition, Federal Trade Commission, New York Times, Harvard Law School, University of Chicago Law School, NYU, Canada, Global Policy, Public Affairs, House, Newsweek Locations: Europe, Washington, OpenAI, Silicon, Middle East, Asia, London, Chan, Airbnb

☆ History says these 5 sectors are poised for double-digit gains within a year after the Fed cuts rates
▼ + stars: | 2024-09-17 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

As expected, the Fed has been coy about cuts, leaving markets torn between pricing in a 25- or 50-basis-point reduction. "In cycles where rate cuts were able to prolong economic expansion and keep corporate earnings on an upward trend, stocks performed quite well," Belski wrote in a mid-September note. AdvertisementWhile rate cuts aren't a cure-all, Belski is confident that the economic expansion will continue, which will keep this bull market on firm footing. "But with significantly strong trailing one-year performance headed into this initial rate cut, future gains are likely to be more muted relative to historical norms." Sectors poised to outperform as the Fed finally cuts ratesAfter outlining how US stocks broadly have fared following cuts in the last four decades, BMO shared relative sector performance before and after periods of rate declines.

Persons: —, that's, Ohsung Kwon, Brian Belski, Belski Organizations: Service, Federal Reserve, Business, " Bank of America, BMO Capital Markets, Fed, BMO Locations: bankable, Montreal

☆ What the stock market does historically after the first Fed rate cut
▼ + stars: | 2024-09-17 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

The S & P 500 touched a record high on Tuesday , bringing its year-to-date gain to more than 18%. The S & P 500 averaged a 5.5% gain in the first three months after an initial cut, 10.6% six months later and 11.3% one year out. On average, the broader index jumped 10.2% three months later, 14.7% six months out and 18.6% one year afterward. .SPX YTD mountain S & P 500, ytd Other investment banks have noted this discrepancy, with Bank of America Securities also highlighting the pattern in a recent note. The worst-performing sectors 12 months after a rate cut were materials, utilities and consumer discretionary.

Persons: Canaccord, Ohsung Kwon, Canaccord Genuity, — CNBC's Gabriel Cortes Organizations: Federal Reserve, Bank of America Securities

☆ Pharrell’s Joopiter puts on sale of G-Dragon’s prized possessions
▼ + stars: | 2024-09-08 | by ( Mike Valerio | Stephy Chung | ) edition.cnn.com time to read: +3 min

The sale features dozens of items owned by G-Dragon – an avid collector of art, design and fashion – including works he created and customized himself. Williams’ auction house, Joopiter, is hosting the online sale and an accompanying exhibition, at the Daelim Museum. JoopiterJoopiter has collaborated with a slew of celebrities since Williams founded his “digital-first” auction house in 2022. “The wrong attitude is going in and trying to become a collector.”Nike x Peaceminusone Para-noise Air Force 1 sneakers encrusted with crystals featured in the G-Dragon auction. That is how you build a really beautiful, special collection.”She pointed to Joopiter’s inaugural auction — a sale of almost 50 items from Williams’ personal stash, that raked in over $5 million.

Persons: Louis Vuitton, Pharrell Williams, Williams, Frida Kahlo, Salvador Dalí, Pharrell, —, ” Williams, ”, Kwon Ji, Chanel’s, Joopiter Joopiter, it’s, “, Jackson, Caitlin Donovan, Joopiter, Donovan Organizations: South Korea CNN, Daelim, CNN, Nike, Force Locations: Seoul, South Korea, Yeezys, “

☆ Former OpenAI researchers warn of 'catastrophic harm' after the company opposes AI safety bill
▼ + stars: | 2024-08-24 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

"We joined OpenAI because we wanted to ensure the safety of the incredibly powerful AI systems the company is developing," the researchers, William Saunders and Daniel Kokotajlo, wrote in the letter. "But we resigned from OpenAI because we lost trust that it would safely, honestly, and responsibly develop its AI systems." AdvertisementThey continued: "Developing frontier AI models without adequate safety precautions poses foreseeable risks of catastrophic harm to the public." SB1047 "has inspired thoughtful debate," and OpenAI supports some of its safety provisions, Kwon's letter, dated a day before the researchers' letter was sent, read. "We cannot wait for Congress to act — they've explicitly said that they aren't willing to pass meaningful AI regulation," Saunders and Kokotajlo wrote.

Persons: —, Gavin Newsom, William Saunders, Daniel Kokotajlo, Saunders, Kokotajlo, Sam Altman, Jason Kwon, Scott Wiener, Kokotajlo aren't, OpenAI, California's, — they've, Newsom Organizations: Service, Politico, California Gov, Business, California Legislature, Wiener Locations: California

The echoes of well-known North Korean songs celebrating friendship spilled into nearby neighborhoods, as families filled booths serving both North and South Korean treats such as the deep-fried confection yakgwa, and fruit punch, or hwachae. A booth at the Defectors' Day festival sells North Korean styles of traditional treats, including watermelon punch (hwachae) and the deep-fried sweet yakgwa. Maybe there (are) many thousands of thousands of North Korean defectors who want to come to (South) Korea and have a prosperous life. “We express our respect and applause to the 34,000 North Korean defectors who are pioneering new lives every day (in South Korea), he said. “I didn’t know that a day like Defectors’ Day would happen, but now that it has been established, I feel like I have to work harder,” she said.

Persons: ’, Kim Jong Un, Mike Valerio, ”, resettling, –, Daeheyon, ‘, ’ ”, “, Kwon Ji, Yoonjung Seo, Yoon Suk Yeol, ” Yoon, “ It’s, Han Bong, he’d Organizations: South Korea CNN —, North, South, CNN, ”, Sunday, Blue House Locations: Seoul, South Korea, North Korea, Pyongyang, North, South, Korean, China, Asia, South Koreans, Korea, North Koreans

☆ The stars have aligned for this corner of the stock market as the US economy enters its 'Goldilocks' era, BofA says
▼ + stars: | 2024-07-15 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The bank said the Federal Reserve can shift its focus to economic growth after the cool June CPI report. "Slowing GDP + accelerating EPS has been the best backdrop for stocks," Bank of America said. AdvertisementThe cooler-than-expected June CPI report is fueling a "Goldilocks" economy that should benefit one specific corner of the stock market: cyclicals. We think the economy is moderating not rolling over, but we expect our view to evolve with the data," Kwon said. "Slowing GDP + accelerating EPS has been the best backdrop for stocks," Kwon said.

Persons: —, Ohsung Kwon, Kwon Organizations: Bank of America, Federal, Service, Fed, Apple, Microsoft, Nvidia, Tesla

☆ Wimbledon day 8: Will Rybakina break cycle? Did we see the most chaotic match-up?
▼ + stars: | 2024-07-08 | by ( Charlie Eccleshare | Matthew Futterman | ) www.nytimes.com time to read: +20 min

Follow live coverage of Wimbledon 2024Welcome to the Wimbledon briefing, where The Athletic will explain the stories behind the stories on each day of the tournament. On day eight of Wimbledon 2024, Elena Rybakina stepped up to her new billing, the ATP made a germy decision, and there was chaos on Court One. Elena Rybakina is one of three players left in the women’s field who has won a Grand Slam title before. Rybakina plays with a big serve and with flat power that keeps her ball low. More importantly, do we too often discount the data point of winning a tournament on grass the week before Wimbledon?

Persons: Elena Rybakina, Rybakina, Julian Finney, ”, Anna Kalinskaya, “, Elina Svitolina, She’s, Jelena Ostapenko, Barbora, Krejcikova, It’s, “ it’s, ” Matt Futterman, Yulia Putintseva, Ostapenko, Putintseva’s, Putintseva, 😂😂, ould, Fritz, ryo, aylor Fritz, Finney, Getty, bea, Rafael Nadal,, ” “Th, is ano, bec, hird, D., 🇪, 🇦 L., 🇸 A., Alves (Q, 🇹, B., Marte, J, Choi, 🇵, Nishiok, Goff, iva, J., 🇸 R., 🇷 L., 🇸 J., rin, Safi, T omlj, R, 🇸 R. M, Gade, 🇧 H., Tom o, 🇸 M., Zhan, 🇸, 🇳, Wang, 🇧, 🇦 28 D. Y, Bouzas, Su, D. Y, 🇷, ina, vito Organizations: Wimbledon, ATP, All England, Getty, WTA Tour, rte, acc, 🇨🇱, 🇬, 🇷, avon, 🇸, ritz, 🇺, ub, 🇧, (Q), 🇴 I. Begu, 🇴, Collins, Saville, Keys, uc Locations: Wimbledon, Ukraine, French

☆ Wimbledon recap day 7: Carlos Alcaraz’s highlight reel and Lulu Sun’s story
▼ + stars: | 2024-07-07 | by ( Charlie Eccleshare | Matthew Futterman | ) www.nytimes.com time to read: +19 min

Welcome to the Wimbledon briefing, where The Athletic will explain the stories behind the stories on each day of the tournament. On day seven of Wimbledon 2024, Carlos Alcaraz showed off his tennis diet, Lulu Sun kept building her story, and Daniil Medvedev set up a rematch. To really feel good on a tennis court, Carlos Alcaraz needs to play points that get the crowd off their seats. He lost the third set 6-1 and went on a run of losing four service games in a row. Even in an international sport like tennis, Wimbledon quarterfinalist Lulu Sun has quite some heritage.

Persons: Carlos Alcaraz, Lulu Sun, Daniil Medvedev, Ugo Humbert, Alcaraz, Humbert, Spaniard, Tommy Paul, — Charlie Eccleshare, Emma Raducanu, Sun, She’s, Julian Finney, Donna Vekic, Zhu Lin, Charlie Eccleshare Will Daniil Medvedev, Jannik, hadn’t, We’ll, Sinner, Medvedev, Adam Pretty, Grigor Dimitrov, Ben Shelton, he’ll, — Charlie Eccleshare Will Jasmine Paolini’s, Keys, Rob Newell, Camerasport, Paolini, Emma Navarro, — James Hansen, Paula Badosa’s, 🇷 F., Paul, 🇸 P., 🇪, 🇷 M., 7 🇦🇷 F, Dani e, C. O, A. T, 🇸 J. Muna, Du, L. N, J, 🇵 Y, Cobo, Mun, i tz 🇩, 🇧 F. J, Ker, B., C. Tau, Carl e, 🇸, Fernandez, 🇳 10 O. J, Golub, Boult e r 7 7 🇩, Mari, 🇴, eva, 🇷, 🇿 26, 🇷 16 E. J, Maia, 🇿, Wang, 🇧 E. R, ina, LL, odon, K, M., D., 🇸 19 E., Coll, Ry Organizations: Wimbledon, Getty, Madison Keys, Shelton, 🇬, Monfils, rgs, Walton, 🇰, 🇺, 🇸, Alcaraz 6, 🇷, 🇱 A. Rus, Navarro Locations: —, Croatian, New Zealand, Switzerland, Devon, Melbourne

☆ Wimbledon recap day one: Coco Gauff joined by lucky losers in women’s draw, Tiafoe rises
▼ + stars: | 2024-07-01 | by ( Charlie Eccleshare | Matthew Futterman | ) www.nytimes.com time to read: +15 min

Welcome to the Wimbledon briefing, where The Athletic will explain the stories behind the stories on each day of the tournament. For world No 2 Coco Gauff, the draw at this year’s Wimbledon has been more than kind: It’s been positively loving. There are no Wimbledon champions in this half of the draw, but there is still a four-time slam winner. (Glyn Kirk / AFP via Getty Images)Can Frances Tiafoe make this the first day of the rest of his tennis life? Tiafoe came back from two sets down for the first time in his career, winning 6-7(5), 2-6, 6-1, 6-3, 6-3.

Persons: Casper Ruud, Aryna Sabalenka, Frances Tiafoe, Casper Ruud’s, Ruud, Alexander Zverev, Alex Bolt, Henry Nicholls, I’m, ”, Swiatek, you’ve, Coco Gauff, Victoria, Zheng, Lulu Sun, Mirra, —, Brenda Fruhvirtova, Jasmine Paolini, Maria Sakkari, Gauff, Caroline Dolehide, Naomi Osaka, Diane Parry, Glyn Kirk, Tiafoe, Mateo Arnaldi, ” Tiafoe, He’s, Roland Garros, craves, Borna Coric, — Carlos Alcaraz, Ben Stansall, Erika Andreeva, Britain’s Sonay Kartal, Aryna, Linda, Erika, Donna Vekic, rika, ade, ound, hird, Ber, G, 🇦🇷 18 S. Baez, 🇿 J., Kor, Borge, Dan, 🇪 E., Diaz, Hurkacz 🇲🇩 R, 🇸 J., . Ju, Kar, J, Fearnley, 🇹 1, Nakashima 🇦 🇺 J., F. J, 🇷 P., eva 🇩🇪, 🇦, A. Pot, Colli, 🇸, . Wozniacki, Bro, Fer, U vardy, Tomova 🇺 🇸, 🇴, K, 🇿 K., Yastrems, 🇷, Wang, 🇹, Danilo, eva, 🇯, Nava Organizations: Wimbledon, London, Getty, Tennis, Victoria Azarenka, U.S, 🇬, Monfils, ritz, emi, eni, Sta Locations: Wimbledon, Halle, Germany, Queen’s, London, Norway, Swiatek’s, Italy, AFP, Roehampton, Russian, Croatia, novi, Bou, Ste

☆ After Escaping China by Sea, a Dissident Faces His Next Act
▼ + stars: | 2024-06-23 | by ( John Yoon | ) www.nytimes.com time to read: +1 min

The dissident’s lone regret after his 200-mile escape across the Yellow Sea was not taking night vision goggles. Nearing the end of his jet ski journey out of China last summer, Kwon Pyong peered through the darkness off the South Korean coast. As he approached the shore, sea gulls appeared to bob as if floating. “I had everything — sunscreen, backup batteries, a knife to cut buoy lines,” he recalled in an interview. In response, he said, he faced an exit ban and years of detention, prison and surveillance.

Persons: Kwon, ” Organizations: Communist Party Locations: China, Korean, South Korea

☆ How Gen-Z buyers are changing the bridal fashion business
▼ + stars: | 2024-06-21 | by ( Yola Mzizi | ) edition.cnn.com time to read: +9 min

A bridal look from Collina Strada, presented at New York Fashion Week in September 2022. Aurora Rose/ShutterstockA bridal look from Sandy Liang, presented at New York Fashion Week in February 2023. Avalon/dpa/picture alliance/Sipa USAMillennial and Gen-Z brides-to-be like de Quesada are no longer shopping for just a wedding dress, but an entire wardrobe for pre- and post-wedding events. That breadth is propelling the global bridal wear market, which is projected to grow at a rate of 3.5 percent annually and is expected to reach $83.5 billion by 2030, according to the Global Bridal Wear Market Industry report. Efren Landaos/Sipa USAFor an emerging designer like Wiederhoeft, bridal is something of a safety net, serving as “a floating line of credit” for the rest of their business.

Persons: —, Christyne de Quesada, ” de Quesada, “, ShuShu Tong, Vera Wang, Gabriella Arango, Gucci, Collina Strada, Aurora Rose, Sandy Liang, de Quesada, it’s, ”, Caroline Crawford Patterson, Dua Lipa, Simon Porte Jacquemus, Marco Maestri, Arnold Jerocki, Crawford Patterson, Anthropologie, It’s, Jackson Wiederhoeft, Wiederhoeft, “ It’s, Efren, Millennials, Hillary Taymour, Taymour, JP Yim, Andrew Kwon's, Rodin, Andrew Kwon, Kwon, Brigitte Chartrand Organizations: The, Fashion, CNN, New York, Avalon, Cion Investment Corp, Abercrombie, Fitch, Census Bureau, Pew Research Center, Designers, ” Retailers, Ssense Locations: Venice, Italy, Mexico City, Miami, Shanghai, Florida, Dua, Charleval, France, New York, New, New York City, “, Ssense

☆ A list of the songs vying to be 2024’s summer anthem
▼ + stars: | 2024-06-21 | by ( Scottie Andrew | ) edition.cnn.com time to read: +9 min

It was easier even a decade ago to settle on the song of the summer. Now that summer has officially started, sample these musical confections and decide for yourself — what’s destined to become the song of summer 2024? Daniel Boczarski/Getty ImagesNot Like Us, Kendrick Lamar Credit: Kendrick Lamar, under exclusive license to Interscope RecordsHere’s a song of the summer that breaks all the rules. ‘A Bar Song (Tipsy),’ ShaboozeyShaboozey mashes up pop-country with the 2004 club classic "Tipsy" on his mournful yet singable hit, "A Bar Song (Tipsy)." Still, lyrics about dragging your increasingly drunk self from bar to bar in a desperate attempt to shed the stress of your 9-to-5 are not unrelatable.

Persons: it’s, Mike Errico, New York University’s, Errico, Sabrina Carpenter Sabrina Carpenter, Nina Westervelt, Sabrina Carpenter, “, Billie Eilish, Billie Eilish's, Arturo Holmes, Eilish, —, Randy Holmes, Tinashe’s, Janet Jackson, factly, Babe, ’ Chappell Roan Chappell Roan, Stephen J, Cohen, Chappell, ”, Kate Bush, Cyndi Lauper’s, Roan fantasizes, Roan didn’t, ’ Tommy Richman, Tommy Richman, Johnny Louis, Richman, ’ Kendrick Lamar, Kendrick Lamar, Drake, Daniel Boczarski, — Lamar, It’s, Lamar, Brett Carlsen, Carter, Shaboozey Organizations: CNN, New York, Davis, Island Records, UMG, Inc, Interscope, Disney, Life, Amusement Records, Getty, Tommy Richman Credit, Concord, Kendrick Lamar Credit, Interscope Records, Lamar, American Locations: New, TikTok, British, singalongs, Chappell Roan, LA, Nashville

☆ R. O. Kwon puts queer love, loss and faith on ‘Exhibit’ in new novel
▼ + stars: | 2024-06-19 | by ( Cat Woods | ) edition.cnn.com time to read: +7 min

“I have had to learn how to manage my profound anxiety writing — or, in some cases, not manage very well,” she told CNN in a video interview. “Particularly, the anxiety I feel around writing a book that has so much to do with physical longing. “I don’t feel I’ve recovered, and I don’t expect to recover,” she said. “People in my life might think I’ve had an affair with a queer Korean American ballerina. I wanted to write a book suffused with queer joy and queer plenitude.

Persons: R.O, Kwon, —, Jesse Dittmar, — they’re, Garth Greenwell, “, Jin Han, Lidija, she’d, Phillip, Jin, ”, I’ve, “ I’ve, Philip, enlivening, ” Jin, ” Kwon, ’, ” “, Queerness Organizations: CNN, “, Korean Locations: Seoul, San Francisco, Korean, “

☆ From $40 billion fraud to $4.5 billion settlement: Inside the latest crypto firm paying big bucks to end legal trouble
▼ + stars: | 2024-06-16 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +14 min

This week, a judge signed off on Do Kwon and his bankrupt Terraform Labs settling with the U.S. Securities and Exchange Commission for $4.5 billion. This comes after a jury unanimously found Kwon and his company liable for securities fraud following less than two hours of deliberation. But investors piled in anyway, giving luna and UST a combined market value of almost $40 billion at one point. Terraform and Kwon fought our efforts to investigate – taking a fight over investigative subpoenas all the way to the Supreme Court. They are Caroline Ellison, the Alameda Research CEO who at one time dated Bankman-Fried; FTX engineering chief Nishad Singh; and Gary Wang, the co-founder and chief technology officer of FTX.

Persons: Kwon, Woohae Cho, Sam Bankman, Changpeng Zhao, Luna, atoning, Alex Mashinsky, Wall, Stevo Vasiljevic, Reuters Kwon, He's, Satoshi Nakamoto, Elon Musk, Mike Novogratz, Gary Gensler, –, Fried, Fatih Aktas, Lewis Kaplan, Kaplan, Bankman, convicting, Prosecutors, Ryan Salame, Caroline Ellison, Nishad Singh, Gary Wang, FTX, Jason Redmond, Zhao, Richard Jones, …, Binance, Justin Sullivan Organizations: Terraform Labs, Bloomberg, Getty, U.S, Forbes, Arrows Capital, Voyager, U.S . Securities, Exchange Commission, Labs, U.S . Justice Department, Futures Trading Commission, Treasury Department, bitcoin, BlackRock, Fidelity, Reuters, terraUSD, UST, Traders, Twitter, SEC, Supreme, Anadolu Agency, Alameda Research, ., Republicans, Bankman, AFP, of Prisons, District, Bank, DOJ, CFTC, Treasury, Binance, New, Commercial Bank Locations: U.S, Balkans, Podgorica, Montenegro, Singapore, Dubai, Serbia, Balkan, South Korea, United States, lockstep, New York, Manhattan, Seattle, Lompoc , California, Binance

☆ R.O. Kwon’s Jade Rings
▼ + stars: | 2024-06-15 | by ( Amelia Diamond | ) www.nytimes.com time to read: +1 min

Two jade rings in particular, passed down by her mother, serve as a direct line and source of comfort. Ms. Kwon, an award-winning author, wanted to be a Christian pastor or a religious recluse when she was growing up. She had, as she put it, “what felt like a conversation with the Lord going.” But she lost her faith as a teenager. Now, in her writing, Ms. Kwon explores the challenge of questioning long-held beliefs. Her first novel, “The Incendiaries,” tackled religion, while her second, “Exhibit,” out last month, is about hidden desire.

Persons: Kwon, ”, “, Ms

☆ Bank of America lays out the perfect scenario for stocks to rally after the May jobs report
▼ + stars: | 2024-06-03 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

The stock market faces a big test this week with the release of the May jobs report on Friday. Fewer than 125,000 jobs added would suggest that bad news for the economy may finally be bad news for stocks. According to a Monday note from Bank of America, the report needs to print within the "Goldilocks range" of 125,000-175,000 new jobs added in the month. To the downside, Bank of America said a May jobs report below 125,000 would be bad news for the stock market and could lead to a sell-off. Bank of America expects the May jobs report to come in at 200,000 jobs added during the month.

Persons: BofA, —, Ohsung Kwon, Kwon Organizations: Service, Bank of America, Federal Reserve

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