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One of the biggest bangs heard in the history of wine, on a May evening in 1976, caused barely a ripple in the home of Warren and Barbara Winiarski, the proprietors of Stag’s Leap Wine Cellars in Napa Valley. The day before, a 1973 Stag’s Leap cabernet sauvignon had won a tasting in Paris that pitted some of the greatest French wines against bottles from upstart California. His article, “Judgment of Paris,” trumpeted a shocking David-over-Goliath triumph that gave the fledgling California wine business a swift dose of international credibility. “The unthinkable happened: California defeated all Gaul,” Mr. Taber wrote. Almost 50 years later, marketers are still using that tasting, re-enacting it countless times, to sell California wines around the world.
Persons: Barbara Winiarski, Winiarski, , George M, Taber, David, ” Mr Organizations: Time Locations: Warren, Napa Valley, Paris, California, France, Gaul
After the multi-Grammy-winning superstar announced the European leg of The Eras Tour in mid-2023, they started saving, knowing that they had to "travel for Taylor." Corrie (left), KJ (center), and Callie (right) traveled from Gibraltar to Edinburgh to see The Eras Tour. AdvertisementThey estimated that the total cost for their weeklong trip, accommodation, and Eras Tour tickets was just over $2,500 each. Taylor Swift kicked off her 15-stop UK tour at Murrayfield Stadium in Edinburgh, Scotland on June 7, 2024. AdvertisementAs KJ had said at the start of the day, seeing The Eras Tour isn't "just about the show and the music.
Persons: , Callie, Corrie, Taylor Swift, Swift, Taylor, Eve Crosbie, I'm, marveling, concertgoer, Amira, she's, Leah, Simone, Gareth Cattermole, Expedia, Daniel Finch, haven't, It's, Wilde Aparthotel, Ava, Wilde, Marc Crothall, Mimi's, Mariola, We've, Pie, Erin, KJ Organizations: Service, Business, Murrayfield, Edinburgh, Barclays, QuestionPro, Edinburgh's, Management, Associated Press, Blockbuster, Expedia Brands, Scottish Tourism Alliance, NFL, Swift's Murrayfield, Sky Locations: Edinburgh, Gibraltar, Europe, Liverpool, Cardiff, London, Italy, Minneapolis, Scotland, Paris, England, North America, South America, Australia, Southeast Asia, Leith
Several London hospitals, still under significant strain more than a week after a cyberattack crippled services, have asked medical students to volunteer to help minimize disruption, as thousands of blood samples have had to be discarded and operations postponed. The ransomware attack on Synnovis, a private firm that analyzes blood tests, has crippled services at two major National Health Service hospital trusts, Guy’s and St. Thomas’ and King’s College, which described the situation as “critical.”According to a memo leaked in recent days, several London hospitals asked medical students to volunteer for 10- to 12-hour shifts. “We urgently need volunteers to step forward and support our pathology services,” said the message, which was reported earlier by the BBC. “The ripple effect of this extremely serious incident is felt across various hospital, community and mental health services in our region.”The attack also disrupted blood transfusions, and the N.H.S. appealed to the public this week for blood donors with O-negative blood types, which can be used in transfusions for any blood type, and O-positive blood types, which is the most frequently occurring blood type, saying it could not match patients’ blood at the same frequency as usual.
Persons: Thomas ’, Organizations: National Health Service, King’s College, BBC Locations: London, St
Less than four hours after Trump's roundtable wrapped, the former president took to social media to extol the virtues of the bitcoin mining business. "Bitcoin mining may be our last line of defense against a CBDC," Trump posted shortly before midnight on Tuesday. "That's where you've got all these ancillary jobs; it's not just the bitcoin mining directly," said Cook. Enter bitcoin miners. Adding bitcoin miners to the portfolio of energy buyers has helped to improve the core economics of renewable power production.
Persons: Donald Trump, Eva Marie Uzcategui, , New York —, Jason Les, Bitcoin, Bill Hagerty, David Bailey, Trump, Bailey, Sen, Elizabeth Warren, Les, Warren, Geoff Kendrick, bitcoin, Matthew Schultz, Jayson Browder, Brian Hughes, Biden, Harris, Andreessen Horowitz, Ron Conway, Fred Wilson, Cameron, Tyler Winklevoss, Schultz, Browder, CleanSpark, Coke, Chris Cook, Cook, There's, Amanda Fabiano, Fabiano, Marathon's Browder, We've, Exacore's Cook, you've, it's, Digital's Browder Organizations: U.S, Mar, Lago, Trump, Riot, Marathon Digital Holdings, Arkon Energy, Cholla Energy, Exacore, CNBC, Senate's Banking, Finance, China, BTC Inc, Radical Communist, Democratic, Trump —, solana, Internal Revenue Service, Libertarian National Convention, Standard Chartered, Circuits, Government Affairs, Federal Reserve, Biden, U.S . Treasury Department, Republican, NASDAQ, Fabiano Consulting Locations: Lago, West Palm Beach , Florida, New York, Palm Beach , Florida, bitcoin, China, Russia, U.S, America, Washington, San Francisco, Beijing, Marathon, United States, West Texas
Ripple cryptocurrency is seen in this illustration photo taken in Krakow, Poland on June 4, 2021. (Photo Illustration by Jakub Porzycki/NurPhoto via Getty Images)Blockchain firm Ripple has launched a Japan and Korea fund, aimed at driving innovation on the XRP Ledger as it continues to expand its presence in Asia-Pacific. XRP is Ripple's native cryptocurrency which is powered by the XRP Ledger, an open-source, public blockchain built for corporations. The XRPL Japan and Korea Fund is part of Ripple's commitment to 1 billion XRP aimed at providing financial, technical, and business support for developers, which was announced in March 2022. "The launch of this fund is a testament to Ripple's strong belief in the potential of Japan and Korea as pivotal regional hubs for blockchain innovation," said Emi Yoshikawa, vice president of strategic initiatives at Ripple, according to the statement.
Persons: Jakub Porzycki, Ripple, Emi Yoshikawa, Brad Garlinghouse Organizations: Getty, Korea Fund, CNBC Locations: Krakow, Poland, Japan, Korea, Asia, U.S
Rather, we need to remember what makes a middle manager valuable. AdvertisementWith improved communication and listening, more empathy, and emotional intelligence, middle managers could save themselves from the "great unbossing," Gandy said. The attack on middle managersCompanies have been axing middle management positions as a way to cut costs. For starters, middle managers provide mentorship to junior employees and graduate staffers. A lack of trainingGood middle managers need training and guidance, which is severely lacking in current workplaces, Gandy said.
Persons: , Koma Gandy, Gandy, Zers, Z, Micromanaging, doesn't, shouldn't, it'll Organizations: Service, Business, Companies
The chief executive, Janno Lieber, said the agency, the Metropolitan Transportation Authority, would emphasize “basic stuff to make sure the system doesn’t fall apart” after Gov. Kathy Hochul’s abrupt move last week to halt a congestion-pricing plan that was to finance capital projects. Mr. Lieber, speaking at a news conference where he was joined by a group of grim-faced authority executives, said Ms. Hochul’s decision would force the M.T.A. to shrink its current capital budget, and could potentially affect its next budget and even ripple into day-to-day operations. Among the future projects at risk was the next phase of the Second Avenue Subway line, he said.
Persons: Janno Lieber, Kathy Hochul’s, Lieber, Hochul’s Organizations: Metropolitan Transportation Authority Locations: New York
And no product is more important to Apple than the iPhone. New AI features that provide a compelling reason to upgrade when Apple rolls out the iPhone 16 in the fall could boost the company at a crucial time. Here’s the thing: No matter how Monday goes, Apple isn’t losing its status as a tech powerhouse anytime soon. The latter scenario — assuming the features are compelling — could spur the next major iPhone upgrade cycle and have ripple effects for the entire company. “That’s the key: if it’s compelling and not backward-compatible, Apple will have the first upgrade cycle in four years,” Luria said.
Persons: they’ve, Apple isn’t, D.A, Davidson, Gil Luria, Gadjo Sevilla, , Siri, Luria, ” Luria Organizations: New, New York CNN, Apple, CNN, , Nvidia, Microsoft, eMarketer, iOS, Samsung Locations: New York, China, WWDC
Stock splits like Nvidia's don't matter, or do they? With its stock hovering around $1,200 a share, Nvidia's 10-for-1 split kicks in after Friday's market close. Clearly, employee compensation in the form of stock options becomes far more manageable. Options The impact of stock splits is clearly felt in the options market – whether that is good or bad, well, it depends on the investor. Bottom line Stock splits don't have any impact on a company's underlying business fundamentals — and, therefore, our determination on whether a company is investable.
Persons: Jim Cramer, Here's, there's, That's, Jim Cramer's, Jim Organizations: Walmart, Nvidia, Chipotle, CNBC Locations: Plenty
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRipple president says launch of U.S. dollar stablecoin 'likely' to take place this yearRipple President Monica Long talks about the outlook for crypto markets and says that the company is "likely" to launch a U.S. dollar stablecoin later this year.
Persons: Monica Long Organizations: U.S
Tuesday’s election results, in which Prime Minister Modi sealed a rare third term, only enhance the sense of gloom and doom for Indian Muslims like me. With the BJP back in power – albeit without the supermajority it had vowed – my only hope lies in a politically weakened Modi now. A weakened Modi shall, hopefully, translate into a more robust India and more secure minorities. In the days and months to come, things could get seriously tough for Indian Muslims. It could be the norm for the rest of India soon as the BJP tries to deny Indian Muslims the right to follow Islamic laws in civil matters, a right granted by the Indian Constitution.
Persons: Salam, Read, Modi, Modi’s, Mukhtar Khan, , , Narendra Modi, Elke Scholiers, Rahul Gandhi, Jawaharlal, Taj Mahal, Qutb, We’ve Organizations: , New, New Delhi CNN, Bharatiya Janata Party, BJP, India’s Independence, Indian National Congress, INC, Union Budget, SC, , OBC, Twitter, Telugu Desam, Janata Dal, Congress Locations: Hindu India, New Delhi, Narendra Modi’s India, India, , Srinagar, Rajasthan, Muslim, Pakistan, Lok, Gujarat, Ghaziabad, Uttar Pradesh, Lower, Independence, Kerala, Mumbai, Gandhi’s, BJP, Qutb Minar, Delhi, Babri, Assam, Uttarakhand, Indian
Mike Blake | ReutersSince 2019, immigration has added 2 million workers to the U.S. labor supply, according to an April analysis by Tedeschi. Without immigrants, Tedeschi estimated that the size of the U.S. labor supply would have shrunk by 1.2 million during that period. The short answer is that this executive order will probably not increase inflation. Some experts say the executive order could bring down costs by smoothing out the U.S.-Mexico supply chain. Biden's executive order could help clear some of these supply chain bottlenecks.
Persons: Joe Biden, Leah Millis, Joe Biden's, Biden, Andrés Manuel López Obrador, Jose Luis Gonzalez, Ernie Tedeschi, Tedeschi, Trucks, Daniel Becerril, Donald Trump, I'd, Mike Blake, Tara Watson, Guillermo Arias, Jerry Pacheco, It's, Pacheco, Watson, Trump, Saul Loeb Organizations: White, . Border Patrol, Department of Homeland Security, NBC, Texas National Guard, Reuters, United, Yale University's, White House Council, Economic Advisers, Customs, Brookings, Immigrants, AFP, Getty Images Shipping, Border Industrial Association, Getty Locations: U.S, Mexico, Washington , U.S, United States, Texas, Ciudad Juarez, Nuevo Laredo, Biden's, San Diego , California, Mesa Port, Tijuana , Mexico, New Mexico, Calexico , California
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRipple CEO: Crypto industry in the U.S. dealing with 'hostile regulatory environment'Ripple CEO Brad Garlinghouse sat down with CNBC Crypto World at Consensus 2024 to discuss crypto regulation. He also explains what prompted the blockchain firm to contribute another $25 million to the pro-crypto super PAC Fairshake.
Persons: Brad Garlinghouse Organizations: CNBC Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEther soars 27% in May after SEC clears path for spot ether ETFs: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Ripple CEO Brad Garlinghouse and Kraken's Chief Legal Officer Marco Santori discuss crypto regulation from Consensus 2024.
Persons: explainers, Brad Garlinghouse, Marco Santori Organizations: SEC, CNBC Crypto, CNBC
Read previewA vacation to Myrtle Beach last spring turned into a wake-up call for Jamie Bernardi and her family. Jamie BernardiThis is what researchers variously call the "trickle-down effect," "the ripple effect," or "the halo effect": when a person's lifestyle changes benefit their family members and close contacts who aren't under medical care. Doctors and researchers hope the trickle-down effect will help curb new cases of obesity. Taking controlThe trickle-down effect isn't just an added bonus. Just three weeks after she first jabbed her belly with Mounjaro, Bernardi bought everyone in her family generic watches to count their steps.
Persons: , Jamie Bernardi, Bernardi, Keeley J, Pratt, Lisa Green, Green, Mounjaro, Lisa Green Lisa, it's, she'll, " Bernardi, Sandy Huffaker Organizations: Service, Business, CDC, Human, Science, The Ohio State University, Lisa Green Lisa Green People, The Washington, Getty Images Locations: Myrtle Beach, Weirton, West Virginia
A new study that tracked 184 people (99 females and 85 males) for two decades starting at age 13 found that empathy is catching. When we practice empathy with our teens, we literally pay it forward for the next generation. “These mothers showed parental warmth with their teens, and these teens learned empathy in the moment. Handle your own stressStress can be contagious in families, and you can’t help your teens if you are feeling compromised. Empathy development doesn’t occur within the context of a single monologue, rather a series of chats over time.
Persons: Katie Hurley, Strong, Fiona McPhee, , it’s, Michele Borba, , Borba, ” Borba, that’s, you’re Organizations: CNN, University of Virginia, “ Research
Enter the Epson FastFoto (FF-680W), the only home scanner on the market that can batch-process up to 35 photos at a time, with scanning speeds up to 80 photos per minute. Epson FastFoto (FF-680W) The FastFoto is one of the best photo scanners on the market, allowing you to batch-scan images at speeds of up to two photos per second. While the OfficeJet has can scan images, it is much slower and more manual process than with the FastFoto. The same photo, as scanned by a cellphone app and the Epson FastFoto. AdvertisementThe bottom lineThe Epson FastFoto is the easiest and fastest solution I've found for digitizing old photos.
Persons: I've, Lauren Savoie, I'd Organizations: Business, Google, Epson, Shop, HP
How private equity rolled Red Lobster
  + stars: | 2024-05-24 | by ( Gretchen Morgenson | )   time to read: +9 min
In this photo illustration, a cooked lobster is displayed on a plate at a Red Lobster restaurant on May 20, 2024 in Austin, Texas. Under the terms of the sale, Red Lobster would also see regular rent increases of 2% a year, the release noted. "All of the people who were supplying Red Lobster, all of the people who are essentially providing services to Red Lobster, the small businesses in the communities affected by mass layoffs, they are next in line, they are experiencing the ripple effect." Sen. Edward Markey, a Democrat from Massachusetts, where eight hospitals operated by bankrupt Steward Health Care are, recently held hearings on private equity and health care. Private equity is emerging in all parts of our economy, Markey added, but its most profound impact is in health care.
Persons: didn't, Josh Olshansky, leaseback, Red, Moody's, Andrew Park, Oscar, Robert Reich, Bill Clinton, America's, Reich, Austin Hurst, Hurst, Sen, Edward Markey, Markey Organizations: Sears, Mervyn's, Steward, Manor Care, Companies, Golden, American Realty Capital Partners, Realty, Lobster, Financial Reform, Thai Union Group, Thai Union, Steward Health, Department of Health, Human Services Locations: Austin , Texas, Canada, San Francisco, Golden, Bangkok, Thai, Arizona, Massachusetts
Coming from Tamara Rojo, three words go a long way: “That, I believe.”Rojo, the artistic director of San Francisco Ballet since 2022, wants dancers to have autonomy — more than just input, a real choice in how to interpret a role. There’s a difference between watching dancers ripple through steps, however beautifully, and watching their ideas about a role unfold in real time. When Rojo sees a moment she believes, it means they’re performing steps with meaning and intention. “What I really want is for them to go through the exercise of asking themselves questions,” Rojo said in her office after back-to-back “Swan Lake” rehearsals last month. That’s right.’”Her rehearsals are entertaining.
Persons: Tamara Rojo, ” Rojo, Rojo, , Misa Kuranaga, Odette, Organizations: San Francisco Ballet Locations: “ Swan
Wall Street has great expectations for Nvidia 's earnings on Wednesday, according to Evercore ISI. Yet, how the artificial intelligence darling's stock will react is less clear — and it is likely to have big implications for the entire stock market, the firm said. The share price reaction will likely cause a ripple effect, he said. Over the past year, Nvidia's stock has had an "almost unimaginably close" day-to-day correlation to the S & P 500 of 0.95, he pointed out. which helped catalyze 2023's S & P 500 Fall Fall … the one certain thing is that NVDA's share price reaction, while difficult to gauge, will have consequences for the S & P 500 as a whole," Emanuel said.
Persons: NVDA, Julian Emanuel, Emanuel Organizations: Nvidia, ISI
“You just feel terrible,” said Vanessa Hlavacka, a counselor for multilingual students at La Follette High School. High school ramps up supportOnce the issues with this year’s FAFSA became apparent, La Follette High School ramped up support services for families of college-bound seniors. Some La Follette students from mixed-status families have had success since then submitting the FAFSA, but others are still having problems. Students at La Follette are behind the national trend, but they have had more success filing the FAFSA in recent weeks. It’s a glitch that several other La Follette students have experienced.
Persons: Robert M, , , Vanessa Hlavacka, Annie Hank Braga, La, Hank Braga, FAFSA, ” Hank Braga, it’s, Biden, ” Hlavacka Organizations: Washington CNN, La Follette High School, Federal Student Aid, , Follette, Racing, La Follette, Opportunity, Department of Education, of Education, Republican, Democratic, National College Locations: Madison , Wisconsin, La,
Beaten-down clean energy stocks have rallied this week. The iShares Global Clean Energy exchange-traded fund, which tracks sectors from renewable electricity to semiconductors to solar energy, has gained roughly 3%. Plug Power shares have climbed 33%, Enphase Energy shares have gained 8% and NextEra Energy shares have added 4%. Some investors warn that though the tariffs could continue boosting clean energy stocks, the recent rally isn’t driven by just improving fundamentals. Damaging hacks expose the weak underbelly of America’s health care systemA pair of recent ransomware attacks crippled computer systems at two major American health care firms, disrupting patient care and exposing fundamental weaknesses in the US health care system’s defenses against hackers, reports my colleague Sean Lyngaas.
Persons: New York CNN — It’s, Joe Biden, CNN’s Kayla Tausche, , Steve Sosnick, Roaring Kitty, Keith Gill, Dow, Nicole Goodkind, stoking, Gary Pzegeo, ” Read, Sean Lyngaas, cybersecurity, ” Joshua Corman, Sen, Ron Wyden Organizations: CNN Business, Bell, New York CNN, Clean Energy, Enphase Energy, NextEra Energy, Biden, Federal Reserve, Interactive Brokers, CNN, GameStop, AMC Entertainment, Roaring, Dow Jones Industrial, Nasdaq, Markets, Bureau of Labor Statistics, CIBC Private Wealth, “ Industry, Oregon Democrat Locations: New York, China
Washington CNN —A pair of recent ransomware attacks crippled computer systems at two major American health care firms, disrupting patient care and exposing fundamental weaknesses in the US health care system’s defenses against hackers. Health care lags other industries such as big financial institutions and energy providers when it comes to IT security, according to some experts. The two ransomware attacks hit different nerves of the health care system. Momentum is also growing on Capitol Hill to force health care organizations to meet basic cybersecurity standards. More broadly, the Justice Department last week announced a task force to examine “health care monopolies and collusion” that will guide the department’s approach to “civil and criminal enforcement in health care markets,” where warranted.
Persons: cybersecurity, ” Joshua Corman, Sen, Ron Wyden, , cybercriminals, Biden, Anne Neuberger, Mark Warner, ” Carter Groome, Corman, , ” Sen, Marsha Blackburn, Andrew Organizations: Washington CNN, Biden, “ Industry, CNN, Oregon Democrat, ransomware, Change Healthcare, White House, American Hospital Association, Department of Health, Human Services, Virginia Democrat, Healthcare, cybersecurity, Health, Cavalry, UnitedHealth, Optum, Tennessee Republican, Justice Department, UnitedHealth Group, Wall Street, Department Locations: St, Louis, United States, Virginia, Tennessee
Ten active major-league starting pitchers have won a Cy Young Award — and nine of them have spent time on the injured list in 2024. The issue is not only the health of the modern starting pitcher, but the role those starters play in the sport these days. “You’ve got to get the starting pitcher back. But has the starting pitcher crisis risen to that level? If you’re a dominating starting pitcher in this era, it probably means you throw harder than the average pitcher.
Persons: Tom Seaver, Steve Carlton, Sandy Koufax, Bob Gibson, Pedro Martinez, Randy Johnson, , Cy Young, Baltimore’s Corbin Burnes, Yu Darvish, Justin Steele, , Max Scherzer, “ You’ve, Patrick Mahomes, isn’t, that’s, weren’t, here’s, It’s, they’d, you’re, they’re, David Ortiz, Scherzer, Justin Verlander, Adam Wainwright, they’ve, , North America aren’t, I’ve, you’ve, ” Scherzer, Corbin Burnes, Patrick Smith, Rob Manfred, we’re, “ You’re, wouldn’t, it’s, “ that’s, He’s, Manfred, Eamonn Dalton, Conrad Williams , Jr, Matthew Grimes Jr Organizations: Cy, Wrigley, San Diego Padres, Chicago Cubs, Cubs, Padres, Major League Baseball, Texas Rangers, NFL, Athletic, MLB, American League, of Fame, didn’t, Atlantic League, Red Sox, National League, North America, Orioles, Newsday, Getty Images, Atlanta Braves, Getty
Often referred to as the “city of dreams,” Mumbai draws migrants from across the country hoping to find wealth and success. Noemi Cassanelli/CNNThe Covid-19 pandemic only underscored the volatility of migrant workers’ circumstances when millions lost their jobs almost overnight and were forced to go home. The biggest group is in the United Arab Emirates, with 3.4 million NRIs, followed by 2.5 million in Saudi Arabia; next is the United States with 1.2 million. The massive group of disenfranchised migrant workers stands in sharp contrast to these achievements – with no solution in sight. That means for now, voting remains an unlikely reality for many migrant workers.
Persons: India CNN — Chanu Gupta, ” Gupta, Chanu Gupta, Noemi Cassanelli, , Gupta, , Organizations: India CNN, CNN, Nations, United Arab, , Workers Locations: Mumbai, India, Uttar Pradesh, Maharashtra, ” Mumbai, Bihar, Rajasthan, Gujarat, United Arab Emirates, Saudi Arabia, United States, United Kingdom, Dubai, NRIs
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