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It is effectively an unregulated, offshore bank that’s become a tent pole of the $3 trillion crypto industry. The tether token is known as a stablecoin, a kind of crypto that was created to hold its value steady while others, like bitcoin and ether, swing wildly minute to minute. The company is now one of the biggest players in crypto, with a daily trading volume that eclipses even bitcoin, the world’s most popular token. Tether told the WSJ in a statement that any suggestion it was involved in criminal activity was “outrageous” and that the company works actively with law enforcement to combat illicit activity. But Lutnick, a Bitcoin enthusiast whose Wall Street firm manages Tether’s stockpile of Treasury bills, has eagerly defended the stablecoin issuer.
Persons: New York CNN — Howard Lutnick, Cantor Fitzgerald, who’s, they’re, Brock Pierce, , Giancarlo Devasini, “ There’s, we’ve, ” Lutnick, Donald Trump’s, , didn’t, Lutnick, Gary Gensler, ” Faryar Shirzad, “ It’s, Organizations: New, New York CNN, US Commerce Department, Ducks, Street, Manhattan US, Treasury Department, Bloomberg, Economic, Commerce Department —, Treasury, Securities and Exchange Locations: New York, Russian, Davos, United States, bitcoin
CNN —President-elect Donald Trump is expected to nominate Cantor Fitzgerald CEO Howard Lutnick as secretary of Commerce, a source familiar with the process told CNN. Lutnick had been in a battle with hedge fund manager Scott Bessent over the role of Treasury secretary after throwing his own name into the mix. Lutnick, the CEO of Cantor Fitzgerald, a financial services firm, was tapped by Trump to serve as co-chair of his presidential transition team in August. As a candidate, Trump pledged to impose 60% tariffs on goods from China, as well as 10% tariffs on goods from other countries. Trump announced Kennedy as his pick to serve as Health and Human Service secretary last week.
Persons: Donald Trump, Cantor Fitzgerald, Howard Lutnick, Lutnick, Scott Bessent, he’s, Trump, , , CNN’s Kaitlan Collins, Robert F, Kennedy Jr, Kennedy Organizations: CNN, Commerce, Trump, Human Service, World Trade, Museum Locations: Trump’s, America, China
We had no income tax, and all we had was tariffs.”That’s why some Wall Street titans are trying to push for Bessent. Kyle Bass, a billionaire hedge fund investor at Hayman Capital Management, said Lutnick doesn’t have the composition to lead the Treasury. “Scott Bessent is eminently more qualified than Howard Lutnick to run the U.S. Treasury,” Bass posted on X Wednesday. A full week after appearing to decide on nominating Bessent, Trump interviewed him again at Mar-a-Lago. A key Cabinet player, the Treasury secretary advises the president on economic and fiscal matters, including spending and taxes.
Persons: Donald Trump, Elon Musk, Trump, Howard Lutnick, Cantor Fitzgerald, Scott Bessent, ” Musk, , Bessent, , Kyle Bass, Lutnick doesn’t, “ Scott Bessent, ” Bass, “ Scott, I’ve, Bass, Dan Loeb, Scott Lincicome, Lutnick, , Cheney, Lutnick —, Dick Cheney’s, George W, Tennessee Sen, Bill Hagerty, Larry Kudlow, Kudlow, Steven Mnuchin, Mnuchin Organizations: CNN, Trump, , Wall, Fox News, titans, Hayman Capital Management, Treasury, U.S . Treasury, Cato Institute, Federal Reserve, Peterson Institute for International Economics, National Economic Council, America, Policy Institute, Fox Business, Bessent, Mar, Republicans, Treasury Department Locations: America, United States
But rather than one of the more obvious outdoor wellness and adventure hubs, it’s actually Taiwan. “Several factors have contributed to the rapid growth of outdoor sports in Taiwan,” says Kate Chen of the Taiwan Tourism Administration. “There was a huge spike in young adults wanting to go hiking or cycling.”But it’s not just locals discovering the island’s outdoor opportunities. Floating in the South China Sea between Taiwan, Hong Kong and the Philippines, Dongsha Marine National Park offers an entirely different take on outdoor adventure. They also provide a venue for more than 100 nature trails that are part of a national trails network created in 2002.
Persons: CNN —, Topping, , Kate Chen of, Michael McCreesh, it’s, Krathon, Chen, Thao, Zhong, Nick Kembel, Taiwan's, , There’s, Xiao Baiyue Organizations: CNN, Taiwan Tourism Administration, Taiwan, Wellness, Scenic Area, Recreation, Villa, Taiwan Music, Dongsha, Park, MTB, Taiwan Surf Travel, Amis Locations: Chile , New Zealand, California, it’s, Taiwan, Belgium, Massachusetts, Taroko, Te, lakeview, Taipei, Wulai, Neidong, Beitou, Kenting, Fuji, Canadian, South China, Hong Kong, Philippines, , County, Hualien City
Officer Daniel Hodges, of Washington's Metropolitan Police Department, who was on duty both for Trump’s Jan. 6 event and Harris’ rally, said Tuesday was a very different experience. He's since become an outspoken opponent of Trump's, testifying before the Jan. 6 committee and campaigning for Harris. He said he was glad that Harris chose to host a rally at the same spot where Trump told his supporters to march to the Capitol. While Hodges spent Jan. 6 fighting a pro-Trump mob in the lower west tunnel, he didn't see much action in the aftermath of Harris' speech. He incited the crowd to riot while my brother and his fellow officers put their lives at risk,” Sicknick told the crowd.
Persons: Kamala Harris, Donald Trump, Daniel Hodges, Trump’s Jan, Harris ’, “ I’m, Harris, Jan, ” Hodges, Trump's, Trump, , Hodges, , ” Harris, Craig Sicknick, Brian Sicknick, ” Sicknick, Sicknick, “ I’ve, Kamala, ” Craig Sicknick, Brian, Aquilino Gonell, Victor J, Gonell, Brian Sicknick’s, ” Gonell, Brian would’ve, wouldn’t, She'll Organizations: WASHINGTON, Trump, Capitol, Washington's Metropolitan Police Department, NBC News, , Capitol Police, U.S . Capitol Police, U.S Capitol Police, Democratic National Convention, Bloomberg, Getty Locations: Washington's, U.S, Chicago, American
CNN —San Francisco 49ers star Nick Bosa crashed his teammates’ postgame interview on Sunday to show his support for former President Donald Trump in the 2024 presidential election with a hat emblazoned with Trump’s slogan: Make America Great Again. “All right, Nick Bosa with a message there,” Stark said as Bosa jogged off camera. I apologize for that.”Kaepernick started the movement of NFL players kneeling for the “Star-Spangled Banner” to protest police brutality and racism. Upon Bosa being drafted into the NFL, Trump offered his support for the defensive end. “Congratulations to Nick Bosa on being picked number two in the NFL Draft.
Persons: Nick Bosa, Donald Trump, Bosa, Brock Purdy, George Kittle, Isaac Guerendo, NBC’s Melissa Stark, ” Stark, “ I’m, Pro Bowler, Kamala Harris, Cheryl, Cheryl Bosa, , Trump, Colin Kaepernick, ” Bosa, , ” Kaepernick, Kaepernick, ” Trump Organizations: CNN, San Francisco 49ers, 49ers, Dallas Cowboys, Trump, Republican, Democrat, NFL, Ohio State, 49er, , ESPN, San Locations: Purdy, San Francisco
“I haven’t got one yet, but if it comes, it comes, It was well worth it,” Bosa said. #BOSAFORTRUMP.”When Bosa came out after the game to speak to the media, he was no longer wearing the 'Make America Great Again' hat. Trump railed against Kaepernick and other protesting players and called on the NFL to take punitive measures against them. Upon Bosa being drafted into the NFL, Trump offered his support for the defensive end. “Congratulations to Nick Bosa on being picked number two in the NFL Draft.
Persons: Nick Bosa, Donald Trump, Bosa, Brock Purdy, George Kittle, Isaac Guerendo, NBC’s Melissa Stark, hadn’t, haven’t, ” Bosa, , , Cheryl, Cheryl Bosa, Eakin Howard, Trump, Colin Kaepernick, ” Kaepernick, Kaepernick, ” Trump, De la Fuente Organizations: CNN, San Francisco 49ers, NFL, 49ers, Dallas Cowboys, League, Trump, Ohio State, 49er, , ESPN, San Locations: Purdy, San Francisco
But Pennsylvania stands apart as the state that top strategists for both Ms. Harris and Mr. Trump have circled as the likeliest to tip the election. There are struggling industrial towns where Mr. Trump needs to maximize his vote, and smaller cities booming with Latino immigrants where Ms. Harris aims to make gains. Mr. Trump won the county in 2016 by 19 percentage points, only four years after Mr. Obama carried it narrowly. One X factor is the regional impact of the assassination attempt on Mr. Trump in Butler County. “You guys don’t know what the hell it is,” Mr. Trump said of the tax break.
Persons: Donald J, Trump, Kamala Harris, Barack Obama’s, Harris, ” Mr, Trump’s, , Austin Davis, JD Vance, Sean Hannity, Melania Trump, Harris’s, Doug Emhoff, Jason Isbell, , Cliff Maloney, Haiyun Jiang, Davis, Josh Shapiro, Shonda Rhimes, Beth Hendrix, Bullishness, Doritos, Nick’s, Maddie McGarvey, Obama, Elon Musk, Abraham Reynolds, Butler, Reynolds, Mr, Michael Swensen, Andrzej Duda, fracking, Kenneth Broadbent, Broadbent, Tim Walz, Erin Schaff, Dan Kanninen, Ama Sarpomaa Organizations: Electoral, White, Pennsylvania, White House, Republican Pa, Mich, Wis ., N.C ., Democrat Republican Pa, Trump, Democratic, Fox News, Hispanic Heritage, Republican, Pennsylvania Chase, Democratic National Convention, The New York Times, Democrat, Pittsburgh Steelers, cheesesteaks, State Legislature, The New York, The New York Times Democrats, Senate, Republicans, Steamfitters, ., Google Locations: Pittsburgh, Philadelphia, United States of Pennsylvania, Pennsylvania, Michigan, Wisconsin, America, White, Ohio, Scranton, Reading, Wilkes, Barre, Illinois, Johnstown, Moon Township, Kittanning, Pa, Bucks County, Luzerne County, Butler County, North East, Butler, Ukraine, Polish, Minnesota, Rochester, Indiana, Indiana County, , Puerto Rican, Dominican
Cabinet secretaries came and went in a Trump administration marked by head-spinning turnover. McMaster and John Kelly, all of whom were generals before they took high-ranking positions in the Trump administration. Another post that would loom large in a Trump administration is that of secretary of homeland security. Advisers to Trump’s transition include his sons Donald Trump Jr. and Eric Trump. Trump’s transition team is assembling small teams of people who would help shepherd nominees through to Senate confirmation.
Persons: Donald Trump, Trump, , Hillary Clinton, Chris Christie, They've, , Max Stier, it’s, ” Stier, Kamala Harris, Harris, , ” Sen, Mitt Romney, ” Romney, James Mattis, John Kelly, Romney, won’t, William Barr, Jeff Sessions, Mark Esper, Marc Short, Mike Pence, Sen, Lindsey Graham, ” Graham, Marco Rubio, Bill Hagerty of, Robert O’Brien, Mike Lee, Ken Paxton, — I’m, Dick Durbin, Tom Cotton, Mike Waltz, Mike Pompeo, Thomas Homan, Homan, ” Homan, “ Trump, Howard Lutnick, Cantor Fitzgerald, Linda McMahon, Lutnick’s, McMahon, Lutnick, Donald Trump Jr, Eric Trump ., Robert F, Kennedy Jr, Tulsi Gabbard, Doug Hoelscher, Hoelscher, Lisa Murkowski, Susan Collins of, Luther Strange, Strange, Roy Moore, Moore, Doug Jones, hadn’t, , President Trump, that’s, Stier Organizations: WASHINGTON, White, Former New Jersey Gov, Trump, Public Service, Democratic, H.R, McMaster, Senate, Trump White House, Republican Sens, White House, Harris, Committee, CIA, Customs, Republican National Convention, Small Business Administration, Trump’s, America, Office, Intergovernmental Affairs, Republican, Alabama, Democrat, Brookings, Capitol Locations: Washington, R, Utah, Marco Rubio of Florida, Bill Hagerty of Tennessee, Texas, Milwaukee, Hawaii, Alaska, Susan Collins of Maine, Alabama
On a recent Thursday afternoon at a Denny’s in Long Beach, Calif., a four-foot-tall robot glided toward Diane Deconnick’s table. Its three tiered trays could have hauled a feast, but they were empty except for a bowl of soup and a fried chicken salad. As the machine rolled to a stop, a scrolling digital display announced, “FOOD IS HERE.”“It talks!” Ms. Deconnick said. A Denny’s regular, she had been curious about the robot since it appeared a few weeks earlier. “What’s your name, robot?” Ms. Deconnick asked.
Persons: Diane Deconnick’s, Deconnick, “ Lily, He’d Locations: Long Beach, Calif
The Aug. 2 dinner at the Bridgehampton, N.Y., home of Howard Lutnick, the Cantor Fitzgerald chief executive, was a high-powered affair. Among the roughly 130 people who dined under an air-conditioned tent were some of Donald Trump’s wealthiest supporters, including the billionaire hedge-fund financier Bill Ackman, who sat next to the former president, and Omeed Malik, the president of another fund, 1789 Capital. Some guests hoped Mr. Trump would signal that he was recalibrating after a series of damaging mistakes. He did not. According to two people present, Mr. Trump himself also brought up his remark, made two days earlier at a gathering of the National Association of Black Journalists, in which he had questioned Vice President Kamala Harris’s racial identity.
Persons: Howard Lutnick, Cantor Fitzgerald, Donald Trump’s, Bill Ackman, Omeed Malik, Trump, Lutnick’s, “ We’ve, Kamala Harris’s Organizations: National Association of Black Journalists
A Fossil Mystery, Solved by a Spin
  + stars: | 2024-07-15 | by ( Jack Tamisiea | ) www.nytimes.com   time to read: +8 min
A Fossil Mystery, Solved by a SpinEssexella fossils date back to the Carboniferous period, when northern parts of Illinois hovered just above the equator. Essexella fossils are composed of two structures — a textured, barrel-shaped region and a smooth bulb. “It looked like the bottom of an anemone,” Dr. Plotnick said. Dr. Plotnick, Dr. Hagadorn and their team redescribed Essexella as an ancient anemone last year in the journal Papers in Palaeontology. Dr. Plotnick posits that these animals once lined the floor of the Mazon Creek estuary.
Persons: Roy Plotnick, Francis Tully, Tully, , Essexella, Plotnick, James Hagadorn, I've, Marjorie Leggitt, Hagadorn, Edward Drinker Cope, Charles Marsh, couldn’t, De Agostini, Jean, Bernard Caron, Hallucigenia, ” Dr, Caron, Caron’s, Dr Organizations: University of Illinois, Denver Museum of Nature, Field Museum, Getty, Royal Ontario Museum Locations: University of Illinois Chicago, Illinois, Chicago, China, Burgess, Canada
AdvertisementThis was Belgium at their finest, and Romania raised the level of their game in the second half to try to equalise. If Austria wanted to have any chance of qualifying to the round of 16 they had to beat Poland in their second group game. The wide areas were where Ukraine focused their attacks, and Oleksandr Zinchenko’s square pass to Mykola Shaparenko made it 1-1 in the second half. However, Samet Akaydin and Altay Bayindir’s mishap on the second goal decreased Turkey’s probability of a comeback. More off-ball runs in the second half led to the third, and by then the match was done and dusted.
Persons: Muldur, Arda Guler, Georges Mikautadze, Khvicha, Giorgi Mamardashvili, Kerem Akturkoglu, Ronald Koeman’s, Romano Schmid, Austria, Cody Gakpo’s, Memphis Depay, Marcel Sabitzer, Merih Demiral, Ralf Rangnick’s, Vincenzo Montella’s, Michael Gregoritsch, Alexander Prass, Christoph Baumgartner, Mert Gunok, Kvaratskhelia, Jasir Asani’s, Zlatko Dalic’s, Mario Pasalic, Luka Sucic, Marcelo Brozovic, Majer, Luka Modric, Mateo Kovacic, Ante Budimir, Andrej Kramaric, Klaus Gjasula’s, Albania’s, Dan Mullan, Gianluigi, Italy weren’t, Nico Williams, Giovanni Di Lorenzo, Kevin C, Cox, Jeremy Doku, Ivan Schranz, Kevin De Bruyne, Romelu Lukaku, Leandro Trossard, Stanislav Lobotka, Juraj Kucka, Ondrej Duda, Martin Dubravka’s, David Hancko’s, Stu Forster, Zan Karnicnik’s, Jan Oblak’s, Luka, Patrik Schick, Ondrej Lingr’s, Ivan Hasek’s, Giorgi Chakvetadze, Saba Lobjanidze, Julian Nagelsmann, Germany didn’t, , Murat Yakin’s, Dan Ndoye, Manuel Akanji, Fabian Schar, David Raum, Christina Pahnke –, Romania Domenico Tedesco’s, Youri Tielemans, Timothy Castagne, De Bruyne, Luciano Spalletti’s, Mattia Zaccagni, Kasper Schmeichel, Rasmus Hojlund, Manuel Neuer, Joachim Andersen, Kai Havertz, Jamal Musiala, Ricardo Rodriguez, Schar, Akanji, Gianluca Scamacca, Remo Freuler’s, Ruben Vargas, RONNY HARTMANN, Gareth Southgate’s, Milan Skriniar, Denis Vavro, Lobotka, Francesco Calzona’s, David Strelec, Jude, Harry Kane, Peter Pekarik, Michel Aebischer, Aebischer, Kwadwo Duah, Hungary’s, Dominik Szoboszlai, Roland Sallai, Willi, Adam Buksa, Nathan Ake’s, Alex Livesey, Bull, Rangnick’s, Baumgartner, Marko Arnautovic, Nicolae Stanciu, Razvan Marin, Denis Dragus, Shaun Botterill, Neuer, Robert Andrich, Jonathan Tah, Antonio Rudiger, Ilkay, Steven Bergwijn, Xavi Simons, Netherlands ’, Stefan de Vrij, Virgil van Dijk, Fabian Ruiz, Rodri, Fabian, Lukas Haraslin, Hancko, Andriy Yarmolenko, Mykhailo Mudryk —, Oleksandr, Mykola Shaparenko, Shaparenko, Denmark Christian Eriksen, Jonas Wind, Eriksen, Benjamin Sesko’s, Kasper Hjulmand’s, Erik Janza’s, Carl Recine, Antonin Barak’s, Tomas Soucek —, Hungary’s Barnabas Varga, Kevin Csoboth, De Bruyne’s, N’Golo, Aurelien Tchouameni, Didier Deschamps ’, — Theo Hernandez, Jules Kounde —, Francisco Conceicao’s, Ruben Dias, Gabriel Bouys, Croatia hadn’t, Unai Simon, Nicolo Barella, Alessandro Bastoni, Rey Manaj, Havertz, Florian Wirtz, Musiala, Ryan Porteous, Scott McTominay, Tony Ralston’s, Xherdan, Kose, Bernardo Silva’s, Samet, Cristiano Ronaldo, Sesko, Diogo Costa’s, Torsten Silz, Alexander Bah, Ruslan Malinovskyi, Kylian, Ousmane Dembele, Deschamps ’, England’s, Pierre, Emile Hojbjerg, Morten Hjulmand, Marc Guehi’s, Alex Grimm, Maximilian Wober, Spain Luis de la, Dani Olmo, Ferran Torres, Marvin, Let’s, Mark Carey, Michael Cox, Michael Regan – Organizations: Golden, Memphis, UEFA Nations League, Albania, Spain, Italy, Getty, Georgia, Hungary, Croatia, Real Madrid, Denmark, Milan, Bologna, Poland, olimpico, Dumfries, Georgia openign, Valencia, Ukraine, Manchester United, Portugal, , Turkey, B, Slovenia AET, Danish, England, Calzona, Serbia, Michael Regan – UEFA, UEFA Locations: Turkey, Georgia, Kerem, Netherlands, Austria, France, Poland, Portugal, Croatia, Italy, Albania, Pasalic, Gjasula, Spain, Gianluigi Donnarumma, Belgium, Slovakia, Doku, Slovenia, Serbia, Republic, Czech Republic, Switzerland, Germany, Romania, Youri, Modric, Denmark, England, Hungary, Dumfries, Ukraine, Ilkay Gundogan, Gakpo, AFP, Scotland, Samet Akaydin, Altay, Romanian
CNN —It is not uncommon to see certain teams emerge as dark horses or surprise packages at international tournaments, but few could have predicted that Austria would be the story of Euro 2024. But that’s the nice thing about football.”A unique styleGernot Trauner of Austria scores his team's first goal against Poland. Petr David Josek/APRangnick’s redemptionPerhaps the most compelling aspect of Austria’s Euro 2024 campaign has been the reminder of Rangnick’s abilities as a manager. He had various stints with German clubs such as Stuttgart, Hannover and Schalke but is best known for his work with Austrian side Red Bull Salzburg and German team RB Leipzig. Form soon picked up though and Das Team booked its ticket to Euro 2024 after losing only one game in the qualifying stages.
Persons: Robert Lewandowski, Kylian Mbappé, ” Marcel Sabitzer, UEFA.tv “, , Ralf Rangnick, Julian Finney, it’s, Rangnick, Jürgen Klopp, Julian Nagelsmann, Petr David Josek, Annegret Hilse, Red Bull, Ole Gunnar Solskjær, wouldn’t, Organizations: CNN, France, Das Team, Poland, Liverpool, Germany national, Austria, Hannover, Schalke, Austrian, Red Bull Salzburg, RB Leipzig, Red Bull GmbH, Leipzig, Salzburg, Austrian Bundesliga, Bundesliga, Champions League, Reuters, Red, Russian, Lokomotiv Moscow, Manchester United, Premier League, Nations League B Locations: Austria, Poland, Netherlands, France, England, Denmark, Slovenia, Serbia, Stuttgart, Leipzig, Turkey, unchartered
Turkey held their nerve in their final group game in Hamburg to beat the Czech Republic and reach the Euro 2024 knockout stages. A red card produced by Romanian referee Istvan Kovacs after 20 minutes — the quickest in Euros history — curtailed a promising start from the Czechs. The action started in the 11th minute when Antonin Barak was handed a yellow card for a pull on Ferdi Kadioglu. And he was awarded a second yellow, and his marching orders, under 10 minutes later. However, the task was made significantly harder after Antonin Barak was handed his marching orders for a second yellow card.
Persons: Istvan Kovacs, , Hakan Calhanoglu, Tomas Soucek, Cenk Tosun, Vincenzo Montella’s, Elias Burke, Dermot Corrigan, Antonin Barak, Salih Ozcan, Patrik Schick, Tosun, Kovacs, Tomas Chory, Elias Burke Montella, Arda Guler, Montella, Juventus ’ Kenan Yildiz, Calhanoglu —, Guler, Ladislav Krejci, Yildiz, Stanek, Calhanoglu, Barak, Kadioglu, Julian Finney, Ismail Yuksek, Ozcan, Barak’s, Eric Abidal, , Dan Mullan, Andros Townsend, , Townsend, , he’s, Elias Burke Chaos, Samet Akaydin, Mert Gunok, Ronny Hartmann, Ralf Rangnick’s, Ragnick, Ivan Hasek, Gabriel Bouys Organizations: Everton, Turkey, Bayer Leverkusen, Viktoria Plzen, Turkish, Juventus, Inter Milan, Girona, Fiorentina, Getty, Italy, ITV, Georgia, Turks, Tuesday’s, Austria, Red Bull Salzburg, RB Leipzig, Czech Republic, Nations League Locations: Turkey, Hamburg, Czech Republic, Romanian, Austria, Leipzig, Czech, France, British, Portugal, Turkish, Georgia, AFP
France could only come second in Group D at Euro 2024 after a 1-1 draw with Poland in Dortmund. AdvertisementThe second half started in a similar manner, before a penalty in the 56th minute — scored by Kylian Mbappe, in his mask — gave France the lead. The theme continued in the second half as Skorupski was initially a match for everything that France threw at him, making seven saves in total. It took a penalty to finally beat him — Jakub Kiwior brought down Dembele and Mbappe sent Skorupski the wrong way. The other half, which awaited the team who finished second in Group D, has some of Euro 2024’s form teams — Portugal, Spain and Germany.
Persons: Didier Deschamps ’, Lukasz, Kylian Mbappe, , Robert Lewandowski, Nick Miller, Michael Cox, Andy Jones, Elias Burke, Charlie Scott, It’s, Olivier Giroud, Antoine Griezmann, Bradley Barcola, Ousmane Dembele, Catherine Ivill –, Skorupski Wojciech Szczesny, Lukasz Skorupski, Szczesny, Skorupski, Lukasz Fabianski, Ina Fassbender, Theo Hernandez, — Jakub Kiwior, Mbappe, Mike Maignan, Marco Guida, Upamecano, Karol Swiderski, Lewandowski, Maignan, , Robert Lewandowski’s, Mike Maignan’s, Marco Steinbrenner, Kylian, N’Golo Kante, Marcus Thuram, Franck Fife, Ralf Rangnick’s Austria, Germany Charlie Scott Organizations: Poland, Bologna, League, Serie, Getty, Bayern Munich, Milan ’, France, Getty Images, Austria Locations: France, Dortmund, Poland, AFP, Germany, Swiderski, Netherlands, Austria, Friday’s, Berlin, Italy, England, Belgium, Portugal, Spain, Romania, Slovakia, Ukraine
NASA officials called off the spacewalk because of a water leak in the cooling unit of one of the astronauts’ spacesuits. The leak, which affected the suit donned by NASA astronaut Tracy Dyson, sprang up just after the suits were transferred to battery power just before they exited the space station. Today's spacewalk with @NASA_Astronauts Tracy C. Dyson and Mike Barratt has been cancelled due to a spacesuit cooling unit water leak. The delayed spacewalk is only the latest in a string of setbacks around operations on the International Space Station in recent weeks. The Starliner spacecraft has been on its first crewed test flight to the space station.
Persons: , Tracy Dyson, Dyson, Mike Barratt, @NASA_Astronauts Tracy C, XaM0jSDTKp, ” Dyson, Matthew Dominick, It’s Organizations: CNN, NASA, Space
Why are prices still so high? Corporate greed, some say.
  + stars: | 2024-03-11 | by ( Tami Luhby | ) edition.cnn.com   time to read: +7 min
While supply chain problems and high demand may have helped spur inflation early in the pandemic, Rosolino believes there’s another key reason why prices have soared and remained high: Corporate greed. It’s corporate greed.”Nick Rosolino feels businesses won't lower their prices as long as consumers keep spending. “Too many corporations raise prices to pad their profits, charging more and more for less and less,” Biden said. Companies are typically slower to reduce their prices when costs decline than they are to raise prices when their expenses jump. Corporate profits have contributed to inflation, though experts differ on the extent.
Persons: Nick Rosolino, Rosolino, there’s, , “ It’s, Nick Rosolino Reluctantly, Joe Biden, , ” Biden, Cookie Monster, Lael Brainard, Goldman Sachs, Neil Bradley, Heather Vargas, ” Vargas, ” Heather Vargas, Heather Vargas Vargas, , Kellogg, Gary Pilnick’s, Companies haven’t, Aaron Hackman, McKinley Conner, Aaron Hackman “, Hackman Organizations: CNN, America, White, Economic Council, Federal Reserve, Companies, Federal Reserve Bank of Kansas City, US Chamber of Commerce, of Labor Statistics, Locations: Maine, New Gloucester , Maine, Portland, Heights , California, Fort Lauderdale , Florida
Just last week the S&P 500 hit a new all-time high and notched its best showing in a year. But this nearly unprecedented surge in the markets is sparking some concern over what’s driving the rally and whether it can continue. The S&P 500 and Dow last week each reached record levels after blockbuster earnings from the chipmaker set off a broad market rally. The S&P 500 is up more than 6% for the year, but when you equally weigh all of the stocks in the index, it’s up just 2.5%. Last year, the S&P 500 rose by 24.2%, but the equally-weighted index was up by just 11.6%.
Persons: Sam Stovall, Tesla, Jamie Dimon, ” Dimon, CNBC’s Leslie Picker, That’s, , What’s, Warren Buffett, Berkshire Hathaway, Eva Rothenberg, Buffett, Gary Pilnick’s, WK Kellogg, Pilnick, Bran, ” Pilnick, hasn’t, Carl Quintanilla Organizations: CNN Business, Bell, New York CNN —, Nvidia, Dow, Nasdaq, Health, Tech, Deutsche Bank, Microsoft, Apple, Amazon, Google, JPMorgan, Federal Reserve, Traders, PCE, Berkshire, CNBC Locations: New York, Berkshire, Omaha , Nebraska, Omaha, United States
In an interview with CNBC last week, WK Kellogg CEO Pilnick said the company was advertising cereal for dinner to consumers looking for more affordable options. CNBC host Carl Quintanilla asked Pilnick if encouraging weary customers to eat cereal for dinner could “land the wrong way.”Pilnick thought the opposite. Cereal prices alone increased 28% since January of 2020, according to the Bureau of Labor Statistics. Food brands under fireDespite the CEO’s assurances, Kellogg’s advertisement and Pilnick’s comments have led to a backlash on social media. They note that boxes of popular cereals now cost more than $7 and cereal is not an adequate substitution for a full dinner.
Persons: New York CNN —, Gary Pilnick’s, WK Kellogg, Pilnick, Bran, ” Pilnick, hasn’t, Carl Quintanilla, Kellogg, TikTok, CorporateGreed ”, McDonald’s Organizations: New, New York CNN, CNBC, Wall Street, US Agriculture Department Food, Bureau of Labor Statistics Locations: New York, Darien , Connecticut
They expose decades of American corporate philosophy gone awry. A good American company isn’t just a vehicle for financial returns; it is first and foremost an employer, a contributor to economic and/or technological innovation, and a source of US power. But it’s clear that what Boeing — and the entire American corporate body politic — needs is nothing short of a philosophical counterrevolution. Over these three decades of plenty for Boeing’s shareholders, the company’s staff was asked to penny-pinch. Boeing’s stock cratered, and France’s Airbus , a rival once colloquially known as “Scare Bus,” started to eat the American company’s lunch .
Persons: it’s, could’ve, William Lazonick, , It’s, won’t, William McGee, T.A, Wilson, Frank Shrontz, Max, Peter Robison, , , Dave Calhoun, we’ve, Scott Kirby, hasn’t, “ We’re, Lazonick, wasn’t, Milton Friedman, Michael Jensen, Jensen, nary, Jack Welch, Welch, Wall, ” Lazonick, We’ve, Mary Barra, ” McGee Organizations: Alaska Airlines, Boeing, Investments, University of Massachusetts, , NASA, Airbus, Alaska Airlines Max, Wall, United Airlines, Federal Aviation Administration, CNBC, Washington, University of Chicago, Electric, Wall Street, GE, Dow Jones, Securities and Exchange Commission, Reality Labs, Deutsche Bank, Business, General Motors, United Auto Workers, Companies, GM, & $ Locations: Washington, America
HENDERSON, Nev. (AP) — Nick Bosa has been making a high-profile impact for the San Francisco 49ers on Sundays ever since entering the league as the No. "Nick’s gotten really good at it. I’m not as nervous anymore.’"He is really good at it. Nick doesn’t waste words because he doesn’t use many of them.”The speeches aren't long, lasting just a few minutes. “But once I get it down what I’m thinking what I’m going to say, I’ll be fine.”___
Persons: HENDERSON, Nick Bosa, Bosa, , John Lynch, Kyle Shanahan, Bosa's, Shanahan, hasn't, ” Shanahan, Nick’s, I’ve, I’m, Nick doesn’t, he's, “ It’s, , ” Lynch, Tony Dungy, Kyle, doesn’t, ” Bosa, Charvarius Ward Organizations: San Francisco 49ers, Niners, of Fame Locations: Nev, Tampa Bay
New York CNN —Football’s youngest fans will be able to watch Super Bowl LVIII announced by SpongeBob SquarePants and the rest of the gang from Bikini Bottom. Characters from the cartoon SpongeBob SquarePants will join the telecast live. Sandy Cheeks (voiced by Carolyn Lawrence) will make her sideline reporting debut during the Super Bowl LVIII telecast live "Super Bowl LVIII Live from Bikini Bottom". But fans of the long-running show will recognize a 2001 classic next Sunday — there will be a “Sweet Victory” performance in the Super Bowl telecast. In the 2019 Super Bowl, halftime act Maroon 5 paid tribute to the song that the SpongeBob characters sang in a 2001 episode (in the episode, the characters of the Bikini Bottom were performing in the Bubble Bowl, a spoof of the Super Bowl.)
Persons: New York CNN —, SpongeBob SquarePants, SpongeBob, Sandy Cheeks, Carolyn Lawrence, Paramount SpongeBob, Tom Kenny, Patrick Star, Bill Fagerbakke, Nate Burleson, Noah Eagle, Larry, Lawrence, Slimetime ”, Dylan Gilmore, Nick, Gen Z, Alpha, Taylor Swift’s, Travis Kelce, ” Sean McManus, Chris Nowinski, Stephen Hillenburg, Travis Scott, , Organizations: New, New York CNN, New York CNN — Football’s, Nickelodeon, CBS Sports, Super, Kansas City Chiefs, San Francisco 49ers, Paramount Global, CBS, Paramount, Allegiant, NFL, New Orleans Saints, Chicago Bears, Nick NFL, Chiefs, NFL Nickelodeon, Saints, Bears Locations: New York, Las Vegas
Harry Connick Sr., a long-serving district attorney in New Orleans whose office gained national notoriety for prosecutorial overreach that eventually resulted in many reversed convictions, died on Thursday at his home in New Orleans. His death was announced by his son, the singer Harry Connick Jr., in a statement. The older Mr. Connick was a singer himself and became locally renowned for his nightclub performances in the French Quarter. But his national reputation as a district attorney was much darker, particularly after a 2011 dissent by Supreme Court Justice Ruth Bader Ginsburg that blasted the Orleans Parish district attorney’s office, under his leadership, for singular incompetence and misconduct. Justice Ginsburg found that Mr. Connick’s subordinates systematically hid evidence that could aid the defense, in violation of the Constitution.
Persons: Harry Connick Sr, prosecutorial, Harry Connick Jr, Connick, Ruth Bader Ginsburg, Ginsburg, , Mr Organizations: Supreme, Orleans Parish ” Locations: New Orleans, Orleans Parish
PLACERVILLE, Calif. (AP) — A lawsuit filed by the family of a man who died after being held in a Northern California jail alleges he contracted a preventable viral infection there when its medical staff denied him critical HIV medication for two months. His mother, Lesley Overfield, a plaintiff in the lawsuit, handed the arresting officers her son's prescribed medication but he was never administered it, the filing says. "Medical records show that he was denied his prescribed HIV medication for the entire two months he was detained," the lawsuit alleges. Overfield's health deteriorated rapidly as his HIV “devolved into AIDS" and he was eventually released from jail and hospitalized, according to court documents. Overfield's death certificate said he died of encephalitis “and indicated that Nick contracted this virus two months prior to his death,” while he was in custody, according to court documents.
Persons: Nicholas Overfield, Lesley Overfield, Jan, Wellpath didn't, , , Nick Organizations: Court Locations: PLACERVILLE, Calif, Northern California, U.S, El Dorado County
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