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WASHINGTON — President-elect Donald Trump’s ambitious agenda could face pushback from an institution he has done much to shape: the Supreme Court. With a 6-3 conservative majority including three Trump appointees, the court has spent the last few years buffeted by criticism from the left. The Trump administration also suffered a big loss when in 2020 the court ruled 6-3 to extend workplace discrimination protections to LGBTQ employees, a decision that angered conservatives. During the Biden years, the court has set new precedents while ruling against the administration that in theory apply to Trump too. “The Supreme Court supermajority has given us no reason to expect that it will be anything other than be a rubber stamp for his worse impulses,” said Alex Aronson, who runs Court Accountability, a left-leaning legal group.

Persons: Donald Trump’s, Biden, ”, John Malcolm, Brianne, “ Trump, Trump, Jonathan Adler, Amy Coney Barrett, Joe Biden, Ketanji Brown Jackson, Stephen Breyer, wasn’t, Adler, “, Alex Aronson, “ They’ve Organizations: WASHINGTON, Trump, Heritage Foundation, Case Western Reserve University School of Law, Congress

☆ As Georgia votes, fears of a return to Moscow’s orbit loom large
▼ + stars: | 2024-10-25 | by ( Christian Edwards | ) edition.cnn.com time to read: +11 min

Ulf Mauder/picture alliance/Getty ImagesMany observers fear the ruling Georgian Dream party will resort to anything to stay in power. This year, Georgian Dream pushed through a Kremlin-style “foreign agent” law, which critics say aims to shut down watchdogs who call the government to account. She described some of the statements made by Georgian Dream officials as a “copy-paste” of those from Stalin’s show trials. ‘Soviet mentality’A question puzzling many is why the formerly center-left Georgian Dream has made a sudden authoritarian pivot. Joining the EU would require cleaning up the country’s judiciary and giving up power if Georgian Dream is voted out on Saturday.

Persons: Joseph Stalin, Stalin “, ”, Stalin, Stalin’s, Ulf Mauder, Ivanishvili –, –, Vladimir Putin’s, “, everybody’s, ” Natalie Sabanadze, Sabanadze, Vano Shlamov, Ivanishvili, Mikheil Saakashvili, ” Younger, Uriel Sinai, Moscow’s, Davit, Georgia’s, Salome Zourabichvili –, Ivanishvili’s, Bera, ” Ivanishvili, Hillary Clinton, Viktor Orban, Irakli Kobakhidze, Orban, Mirian, Levan Khabeishvili –, Khabeishvili, “ Ivanishvili, He’s, Giorgi Arjevanidze, Sergei Naryshkin Organizations: CNN, Joseph, Joseph Stalin Museum, European Union, Party, Chatham House, Georgian, Getty, Kremlin, Stalin, –, Governance, NATO, EU, Hungary’s, Conservative Political, Georgia’s, Police, Western United National Movement, UNM, Russia’s Foreign Intelligence Service Locations: Gori, Soviet, Caucasus, Georgian, Soviet Union, Georgia, Russia, Everybody’s, London, Chatham, Tbilisi, AFP, Moscow, Georgia’s South Ossetia, Gori ., Abkhazia, Gori , Georgia, Ukraine, Europe, Budapest, Anadolu, Nuremberg, Brussels, Moldova, Belarus

☆ Boeing’s crisis is getting worse. Now it’s borrowing tens of billions of dollars
▼ + stars: | 2024-10-15 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

In a regulatory filing early Tuesday, the company announced plans to borrow $10 billion from a consortium of banks. The company’s debt surged in the last six years as Boeing reported core operating losses of more than $33 billion. On Friday, Boeing’s new CEO Kelly Ortberg announced plans to cut 10% of its worldwide staff of 171,000 workers. Boeing’s offer to increase the raises to 30% over the life of the deal was also rejected by union negotiators. And Airbus doesn’t have the capacity to take on Boeing’s orders.

Persons: New York CNN —, Boeing’s, Kelly Ortberg, Max Organizations: New, New York CNN, Boeing, International Association of Machinists, IAM, Federal Aviation Administration, Alaska Airlines, Airbus Locations: New York

☆ Dollar bulls suffer setback as traders add to Fed cut bets
▼ + stars: | 2024-10-11 | by ( ) www.cnbc.com time to read: +3 min

The U.S. dollar fell from two-month highs hit overnight versus its major peers after signs of weakness in the labor market boosted the case for quicker Federal Reserve rate cuts. Bets for a quarter-point Fed rate cut on Nov. 7 increased to 83.3% from 80.3% a day earlier, with the remaining odds for policy to stay steady, according to the CME Group's FedWatch Tool. A week earlier, there was a 32.1% chance of a half-point reduction and 67.9% probability of a quarter-point cut. The dollar added 0.06% to 148.68 yen , inching back towards Thursday's high of 149.58 yen, a level previously not seen since Aug. 2. The Australian dollar held firm at $0.67395 after rebounding from its lowest since Sept. 16 at $0.6702 on Thursday.

Persons: Tapas Strickland, Austan Goolsbee, Raphael Bostic Organizations: U.S, Treasury, National Australia Bank, Fed, Chicago Fed, Atlanta Fed Locations: China

☆ CNBC Daily Open: Buffeted by Middle East, propelled by China
▼ + stars: | 2024-10-03 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Qilai Shen | Bloomberg | Getty ImagesThis 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. Headwinds blowing from Middle East might have been tempered by optimism in China. Lifted by Beijing's recent announcement of economic stimulus, Chinese stocks have been on a tear. That's caused U.S. exchange-traded funds that track Chinese stocks to rally, helping to keep the U.S. market afloat amid worries over the escalating Middle East conflict.

Persons: Qilai Shen, –, That's, Ryan Grabinski, CNBC's Hakyung Kim, Yun Li, Alex Harring, Samantha Subin Organizations: Bloomberg, Getty, CNBC, European Union, Dow Jones, Nasdaq, Strategas Securities Locations: Nanjing, Shanghai, China, U.S, Taiwan, India

☆ Like digital locusts, OpenAI and Anthropic AI bots cause havoc and raise costs for websites
▼ + stars: | 2024-09-19 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +11 min

One study estimated that the world's supply of usable AI training data could be depleted by 2032. An OpenAI spokesperson said the company's bot was querying Coates' website roughly twice per second. But hungry AI botnets scrape first, ask questions later. "Utterly sick"Coates says his Game UI Database is back up and running and he continues to add to it. But Coates' story is emblematic of a bigger question: When AI comes to change the world, who bears the cost?

Persons: —, Edd Coates, Coates, Jay Peet, We've, Joshua Gross, Gross, Jennifer Martinez, Anthropic, Senecal, botnets, robots.txt, Roberto Di Cosmo, Di Cosmo, Tania Cohen, Cohen Organizations: Service, Business, OpenAI, Google, Microsoft, Software Heritage, Software Locations: It's

For the last two weeks, Paris completely lost its cool. The rain that had doused the opening ceremony had ceased by then, and Paris felt like a city en fête. “What happened four weeks ago — with the election and everything that came afterward — was a real shame. They wanted to forget about it for a while.”It is fair to say they embraced their opportunity. More than anything, though, there have been French tricolors.

Persons: —, Teddy Riner, Marie, José Perec, ”, Anne Brion, Tricolors, Richard Salandre Organizations: Games, Tuileries, United Locations: Paris, French, fête, United States, “

☆ Coterra's strong energy production allowed for big cash returns to shareholders
▼ + stars: | 2024-08-02 | by ( Jim Cramer | ) www.cnbc.com time to read: +6 min

CTRA YTD mountain Coterra Energy YTD The results were released after Thursday's close. Bottom line In addition to the strong production and strict capital expenditures discipline, management raised their production outlook and discretionary cash flow target for the remainder of the year. Coterra Energy Why we own it: Formed by the merger of Cabot Oil & Gas and Cimarex, Coterra Energy is an exploration-and-production company with a high-quality, diversified asset portfolio. It's committed to returning 50% or greater of annual free cash flow to shareholders. Under management's stated commitment to returning 50% or more of annual free cash flow via dividends and buybacks, Coterra has returned this year 103% of free cash flow to shareholders.

Persons: It's, Coterra, management's, Tom Jorden, Marcellus, Jim Cramer's, Jim Cramer, Jim, Pavlo Gonchar Organizations: Coterra Energy, LSEG, Cabot Oil & Gas, EQT Corp, Devon Energy, Oil, CNBC, Energy Inc, Getty Locations: Houston

☆ ‘Barbie’ Was Supposed to Change Hollywood. Many See ‘No Effect.’
▼ + stars: | 2024-07-22 | by ( Nicole Sperling | ) www.nytimes.com time to read: +1 min

It was the top box office film of the year, earning $1.4 billion worldwide, and it became Warner Bros.’s highest-grossing film ever, outpacing both “Dark Knight” movies, “Wonder Woman” and every chapter in the “Harry Potter” franchise. It was a DayGlo-pink rebuttal to decades of conventional Hollywood thinking, and its success seemed to herald a new paradigm for the film industry. Movies written and directed by women and focused on female protagonists could attract enormous audiences to multiplexes around the world. Yet in the 12 months since the movie’s release, little has changed in Hollywood. The box office is down 17 percent from last year at this time, and studios spooked by a fickle audience (yes to “Twisters,” no to “Fall Guy”) are again questioning the reliability of the theatrical marketplace.

Persons: “ Barbie ”, Harry Potter ”, Guy ”, Barbie ”, Greta Gerwig, Margot Robbie Organizations: Warner Bros, Films, University of Southern California’s, Hollywood Locations: Hollywood

☆ Six Days Shook Biden’s Candidacy. Can He Turn It Around?
▼ + stars: | 2024-07-03 | by ( Jess Bidgood | ) www.nytimes.com time to read: +1 min

Tonight, I’ll start by telling you the very latest, and then I’ll explain how six days turned politics upside down. We’re also looking at how Biden is fighting for his candidacy on the air. But I didn’t think it would take less than a week for American politics to turn wholly upside down. In just six days, President Biden’s bid for re-election plunged into crisis, so buffeted by doubt about his fitness to face former President Donald Trump in November that, according to a key ally, even the president himself is considering whether or not he can recover. With four months to go until the election, Biden isn’t running against Trump right now.

Persons: We’re, Biden, Biden’s, Donald Trump Organizations: Trump, —

☆ First tropical storm of the season heads for Texas as extreme heat wave hits the Northeast
▼ + stars: | 2024-06-19 | by ( Patrick Smith | ) www.cnbc.com time to read: +3 min

The United States was buffeted by extreme weather Wednesday, with Texas bracing for the first tropical storm of the hurricane season while the Northeast still faced a major heat wave. Southern Texas braced for a major storm to hit late Wednesday into Thursday, with considerable flash flooding likely, according to forecasters. The weather system, currently named Potential Tropical Cyclone One, is expected to be upgraded and renamed Tropical Storm Alberto by the time it makes landfall on the Gulf Coast of Mexico early Thursday. The National Weather Center office in Houston said at 4:30 a.m. CT (5.:30 a.m. Greg Abbott ordered the state Division of Emergency Management to put the Texas State Emergency Operations Center to a readiness of level 2, meaning it began 24-hour operations.

Persons: Alberto, Greg Abbott, Michelle Grossman, Grossman, Michael Monds Organizations: Tropical, National Weather Center, National Hurricane Center, Ciudad Victoria, Texas Gov, Emergency Management, Emergency, Center, Texans, Texas, M, Service, Texas National Guard, Chinook, NBC Locations: States, Texas, Northeast, Southern Texas, Gulf Coast, Mexico, Luis, Rio, Corpus Christi, Houston, Monterrey, New England, Bangor , Maine, Syracuse , New York

☆ The American shopping spree is losing steam
▼ + stars: | 2024-05-30 | by ( Bryan Mena | Nathaniel Meyersohn | ) edition.cnn.com time to read: +5 min

CNN —It’s becoming tougher and tougher for Americans to carry on with their spending spree. Years of elevated inflation and the highest interest rates in almost a quarter century are wearing out the US consumer. Savings accumulated during the Covid-19 pandemic are drying up, borrowers continue to rack up debt and delinquencies are marching higher. A second estimate of gross domestic product, released Thursday, showed that consumer spending was weaker in the first three months of the year than initially reported. Economists polled by FactSet are expecting data to be released Friday to show that consumer spending slowed notably in April from March.

Persons: CNN —, they’ll, ” Carol Schleif, FactSet, Thomas Kingsbury, TJ Maxx Organizations: CNN, Savings, BMO Family Office, Employers, Walmart, Dollar, Goods, Abercrombie, Fitch

☆ Georgia parliament overrides president to pass Kremlin-style ‘foreign agents’ bill, defying Western pressure
▼ + stars: | 2024-05-28 | by ( Christian Edwards | Niamh Kennedy | ) edition.cnn.com time to read: +3 min

CNN —Georgia’s parliament has voted to override the presidential veto of a Russian-inspired “foreign agent” law, defying fierce protests at home and criticism abroad. The ruling Georgian Dream party has for weeks tried to force through the “foreign agent” law, likened by critics to a measure introduced in Russia to stifle dissent. Protesters stare down riot police outside the Georgian Parliament. Irakli Gedenidze/ReutersResponding to Tuesday’s vote, Lithuanian foreign minister Gabrielius Landsbergis said it marked “a very sad day” for Georgia and the rest of Europe. But the government reintroduced the same bill in March and this time refused to cave to public pressure, despite a month of renewed protests.

Persons: CNN —, Salome Zourabichvili, “, I’m, Sen, Jeanne Shaheen, Irakli Gedenidze, Gabrielius Landsbergis, ”, Natalie Sabanadze, –, Sabanadze Organizations: CNN, European, Georgian, United, – Locations: Russian, Georgian, Russia, Soviet, European Union, United States, Georgia, New Hampshire, Europe

☆ Singapore Airlines changes seatbelt sign policy following fatal turbulence incident
▼ + stars: | 2024-05-24 | by ( ) edition.cnn.com time to read: +2 min

Singapore Airlines has tweaked its in-flight seatbelt sign policies and altered at least one flight route after a turbulence incident this week killed one person and left dozens more hospitalized, according to the airline and flight data. The airline is adopting a more cautious approach to turbulence, including not serving hot drinks or meals when the seatbelt sign is on, it said in a statement to Singapore broadcaster Channel News Asia. “SIA will continue to review our processes, as the safety of our passengers and crew is of utmost importance,” it said. The daily London-to-Singapore route SQ321 has completed two flights since the incident and not flown over the part of Myanmar where the sudden turbulence occurred about three hours before scheduled landing. They flew instead over the Bay of Bengal and Andaman Sea, route data from flight tracker FlightRadar 24 shows.

Organizations: Singapore Airlines, Channel News Asia, “ SIA, Boeing, Srinakarin Locations: Singapore, London, Bangkok, SQ321, Myanmar, Bengal, Andaman

☆ Eton vs. Harrow: Time is running out for one of England’s oldest and most exclusive rivalries
▼ + stars: | 2024-05-13 | by ( Issy Ronald | ) edition.cnn.com time to read: +8 min

Lord's Cricket Ground, London CNN —At Lord’s Cricket Ground in the quiet, well-heeled streets of northwest London, different architectural eras collide together in a mishmash of mismatching styles representing the old and the new. And never is that collision between the old and new more evident than when Lord’s, the self-styled “home” of cricket and one of its most prestigious grounds, hosts the annual schoolboys fixture Eton vs. Harrow. CNN has contacted Eton and Harrow for comment but had not received a response at the time of publication. Spectators at Lord's Cricket Ground during the lunch interval in 1895 at the annual Eton vs. Harrow match. “We have to learn from the past, and the successes of the past too.”‘A turgid image of snobbery’The question of the Eton vs. Harrow match has become entangled in the wider conversations around cricket presently.

Persons: Lord’s, ”, Lord Byron, “, Let’s, Jack Sparrow, Andrew Boyers, I’ve, ” Mark McCullen, Harry Wells, we’ve, ” Wells, Symons, we’re, Stephen Fry, ” Harrow, Tom Jenkins, ” Fry, ” Mark Nicholas Organizations: London CNN, Eton, Harrow, Marylebone Cricket Club, MCC, Oxford, Cambridge, CNN, England Women, Independent Commission, Equity, Cricket, Haymarket Theatre, Etonians, “ Pirates, CNN Sport, Wimbledon, Ascot, Thiele, Times, Harrow coasted Locations: London, Lord’s, Caribbean, Harrow

☆ What is Georgia’s ‘foreign agents’ bill, and why is Europe so alarmed?
▼ + stars: | 2024-05-13 | by ( Joshua Berlinger | Christian Edwards | ) edition.cnn.com time to read: +7 min

CNN —Georgia’s parliament is set to pass a highly controversial so-called “foreign agents” bill that has triggered widespread protests across the former Soviet republic nestled in the Caucasus Mountains. Here’s what you need to know about the proposed law and the uproar it has caused. The bill would require organizations receiving more than 20% of their funding from abroad to register as “agents of foreign influence” or face crippling fines. About 50,000 protesters gathered in Tbilisi to protest the proposed legislation on Sunday. The proposed law is modeled after a similar one in Russia that the Kremlin has used to increasingly snuff out opposition and civil society.

Persons: CNN —, Salome Zourabichvili, Irakli Kobakhidze, Bidzina Ivanishvili, Vano Shlamov, Ivanishvili, they’ve, Georgia’s, Kobakhidze, Mirian, Jake Sullivan, ”, Dmitry Peskov, “, Ursula von der Leyen, Anna Chernova Organizations: CNN, Getty, European, House, Washington, Georgian, EU, “ Locations: Soviet, Caucasus, Tbilisi, Here’s, Georgian, Georgia, AFP, Russia, Europe, Ukraine, Soviet Union, European Union, Georgia’s, Didn’t Georgia, Anadolu, backsliding, George, Brussels, “ Georgia

☆ Israel could win Eurovision. That would cause major headaches for the song contest’s organizers
▼ + stars: | 2024-05-07 | by ( Rob Picheta | ) edition.cnn.com time to read: +13 min

But this year, “the presence of Israel has become such a big issue (that) I think it’s going to overshadow the event,” he said. And they are leading perhaps the tensest three minutes in the contest’s history, when Israel’s competitor, Eden Golan, performs live. It doesn’t make sense,” Bambie Thug, Ireland’s participant, told CNN of extensive rules restricting any form of pro-Palestinian statement during the event. Ireland's Bambie Thug told CNN they disagreed with Israel's involvement in the competition. Long-standing rules preventing flags of non-competing countries and territories mean that Palestinian flags are banned from the crowd, which Bambie Thug told CNN they “100%” disagreed with.

Persons: Eden Golan, Benjamin Netanyahu, Golan, ”, Jessica Gow, ” Paul Jordan, Weeks, Johan Nilsson, Israel, Noel Curran, KAN, Bambie Thug, Patricia J, Garcinuno, ” Curran, “, Fredrik Persson, –, ” Jordan, SuRie, Karin Karlsson, Karlsson, ” Elina Pahnke, Saturday’s, Mohammad Ghannam, ” Lara Yosef, ” Yosef, ” Bambie Thug, Alyona Alyona Organizations: CNN, Music, Malmo, Eurovision, European Broadcasting Union, EBU, Getty, TT, Agency, Reuters, Israel, RAI, United, AFP, Malmo Arena, Artists, Aftonbladet, Israel’s National Security Council Locations: Swedish, Malmo, Israel, Gaza, Israel's, AFP, Ukraine, United Kingdom, Azerbaijan, Russia, Stockholm, Sweden's, seeping, Sweden’s Palestinian, Denmark, Norway, Sweden, “

☆ Eurovision braces for its most tense contest yet, as protesters and artists bristle at Israel’s presence
▼ + stars: | 2024-05-06 | by ( Rob Picheta | ) edition.cnn.com time to read: +10 min

The competition – which tries desperately to retain its “apolitical” tag – has become the largest cultural event so far to be rocked by the repercussions of Israel’s war in Gaza. Those protesting or boycotting the song contest claim it is “artwashing” the conflict; others defend Israel’s inclusion, insisting the contest should not be dragged into geopolitics. It doesn’t make sense,” Bambie Thug, Ireland’s participant, told CNN of extensive rules restricting any form of pro-Palestinian statement during the event. Ireland's Bambie Thug told CNN they disagreed with Israel's involvement in the competition. Long-standing rules preventing flags of non-competing countries and territories mean that Palestinian flags are banned from the crowd, which Bambie Thug told CNN they “100%” disagreed with.

Persons: ” Paul Jordan, ”, Weeks, Eden Golan, ” Jordan, “, Carlos Garcia Rawlins, Bambie Thug, Patricia J, Garcinuno, Noel Curran, KAN, ” Curran, Golan, Fredrik Persson, –, SuRie, Karin Karlsson, Karlsson, ” Elina Pahnke, Johan Nilsson, Saturday’s, Mohammad Ghannam, ” Lara Yosef, ” Yosef, ” Bambie Thug, Alyona Alyona Organizations: CNN, Music, Malmo, Eurovision, European Broadcasting Union, EBU, TT, Agency, AFP, Getty, Malmo Arena, Artists, Aftonbladet, Israel’s National Security Council Locations: Swedish, Gaza, Israel, Malmo, Azerbaijan, Russia, Ukraine, Stockholm, Sweden's, seeping, Sweden’s Palestinian, Denmark, Norway, Sweden, “

☆ Georgia rocked by protests as government pushes Putin-style ‘foreign agent’ bill
▼ + stars: | 2024-05-03 | by ( Christian Edwards | ) edition.cnn.com time to read: +9 min

CNN —After spending his days making wine in the foothills of the Caucasus Mountains, Tsotne Jafaridze returns home to Tbilisi, Georgia’s capital, and begins his new routine. Jafaridze, who also owns a travel business and says he receives 95% of his income from foreign sources, says he would “immediately” be listed as a foreign agent under the broadly-written law. But the government reintroduced the same bill in March and appears determined to force it through, despite protests that grow fiercer every week. Despite recent Russian aggression against Georgia, Georgian Dream has long been accused of harboring pro-Russian sympathies and its billionaire founder, Bidzina Ivanishvili, made his fortune in the Soviet Union. Bidzina Ivanishvili addresses a rally in support of the "foreign agent" law in Tbilisi, April 29, 2024.

Persons: Jafaridze, ”, Vladimir Putin, “, Giorgi Arjevanidze, isn’t, ” Natalie Sabanadze, –, Levan Khabeishvili, Khabeishvili, Bidzina Ivanishvili, ” Buziashvili, Ivanishvili, Bidzina, Shakh, Sabanandze, Irakli Kobakhidze, Kobakhidze, ” Sabanadze, Viktor Orban, Europe’s, Matthew Miller, Washington, Georgia “, Irakli Gedenidze, Viktor Yanukovych, doesn’t Organizations: CNN, European Union, Getty, EU, United National Movement, National Security Council, Soviet Army, Soviet Union, Belarus ’, Party, Georgian, Conservative Political, United, State Department, Protesters, Reuters Locations: Caucasus, Tbilisi, Georgia’s, Russia, Georgian, Russian, Soviet, AFP, Brussels, Georgia, Belarus, Ukraine, Soviet Union, Hungary, Hungarian, United States, stoke, ”

☆ The Masters: Tiger Woods records worst-ever score at Augusta as Scottie Scheffler holds lead going into final round
▼ + stars: | 2024-04-14 | by ( Issy Ronald | ) edition.cnn.com time to read: +3 min

CNN —Tiger Woods recorded his worst-ever score at the Masters to completely drop out of contention on an attritional third day, while Scottie Scheffler holds a one-shot lead going into the final round as he seeks a second career green jacket. Nonetheless, the 15-time major winner said he would be “ready” for the final round despite his worst performance at the tournament. Scottie Scheffler has a one-stroke lead ahead of the final round. The final round will begin at 9:15 a.m. ET on Sunday with the last pairing of Scottie Scheffler and Collin Morikawa teeing off at 2:35 p.m.

Persons: Tiger Woods, Scottie Scheffler, Collin Morikawa, Woods, “, ”, Warren Little, Rory McIlroy’s, Gary Player’s, Max Homa, Scheffler, didn’t, Bryson DeChambeau, ” Scheffler, Homa, Morikawa, Ludvig Åberg, Fuzzy Zoeller, Collin Morikawa teeing Organizations: CNN Locations: Augusta

☆ Oil gains as market buffeted by supply worries
▼ + stars: | 2024-04-03 | by ( ) www.cnbc.com time to read: +2 min

Oil wells are seen at an oil facility by the Highway 5 near Bakersfield in California, U.S. on Nov. 27, 2022. Oil prices extended gains on Wednesday as a larger than expected fall in U.S. crude inventories and escalating geopolitical tensions raised investor worries about tighter supplies. U.S. crude oil inventories fell by 2.3 million barrels last week, higher than the 1.5 million barrel drop forecast by analysts in a Reuters poll. Russia, among the top three global oil producers and one of the largest exporters of oil products, has been contending with Ukrainian attacks on oil refineries and has also attacked Ukrainian energy infrastructure. The U.S. dollar also edged down against a basket of currencies on Wednesday, helping support demand for dollar-denominated commodities like oil.

Persons: Brent, WTI, Israel, Pemex Organizations: U.S, West Texas, Reuters, The U.S Locations: Bakersfield, California, U.S, Brent, Ukrainian, Russia, Iran, Damascus, Dos Bocas

☆ America’s largest companies are fueling inequality, says new study
▼ + stars: | 2024-03-26 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

About 90%, or $1.1 trillion, of that profit went to shareholders through stock buybacks and dividend payments, according to new research from anti-poverty organization Oxfam International. At the same time, the study found, only 10 of those 200 companies have made public statements in support of paying a living wage. For some of those companies, the average CEO-to-worker pay ratio is now above 1,500 to 1, the nonprofit confederation found. Oxfam’s study found that on average, pharmaceutical companies paid just 11.6% in taxes in 2022 (that’s down from 11.8% in 2021). Trump Media generated just $3.4 million of revenue through the first nine months of last year, according to SEC filings.

Persons: —, we’ll, ”, Irit Tamir, Joe Biden, Donald Trump, Matt Egan, Devin Nunes, Dave Calhoun, Chris Isidore, Calhoun, Max Organizations: CNN Business, Bell, New York CNN, CME, Oxfam International, Oxfam, Corporations, Institute for Policy Studies, Tax, Truth Social, Trump Media, Trump Media & Technology Group, Corp, Digital, Trump, Nasdaq, Big Tech, ”, overvaluing Trump Media, SEC, Twitter, CNN, Boeing, CNBC, Alaska Airlines, Max Locations: New York, United States

☆ Boeing CEO Dave Calhoun to step down in wake of ongoing safety problems
▼ + stars: | 2024-03-25 | by ( Chris Isidore | ) edition.cnn.com time to read: +6 min

New York CNN —Boeing CEO Dave Calhoun said Monday he intends to leave the beleaguered company by the end of the year in a major shakeup of the company’s leadership. The company also announced that Stan Deal, CEO of Boeing Commercial Airplanes, is retiring. The problems have led to multiple groundings for safety issues and more than $31 billion in cumulative losses. But it comes in the face of widespread criticism of the company by CEOs of many of the world’s major airlines Boeing depends upon to buy its planes. Any Boeing customer shifting to Airbus could find itself waiting until 2030 or beyond to get its planes delivered.

Persons: Dave Calhoun, Larry Kellner, Steve Mollenkopf, Stan Deal, Stephanie Pope, Max, Calhoun, ”, Let’s, “ I’ve, Boeing won’t, Michael O’Leary, O’Leary, Scott Kirby, Ben Minicucci, Dennis Muilenburg, Muilenburg, Calhoun’s Organizations: New, New York CNN, Boeing, Qualcomm, Alaska Airlines, Max, CNBC, Alaska Air, ” Airlines, Ryanair, Europe’s, CNN, ”, ” United Airlines, United, Airbus, Virgin America Locations: New York, Alaska, ” United

☆ The hottest housing markets for the super rich in 2024
▼ + stars: | 2024-02-28 | by ( Robert Frank | ) www.cnbc.com time to read: +2 min

While luxury real estate has been buffeted by many of the same pressures as the rest of the market — low supply, slow sales, rising prices — the ultra-high-end has fared slightly better. With interest rates stabilizing and possibly falling this year, real estate experts say there are early signs that luxury supply may be growing, which could lead to more sales. The report forecasts that the best-performing U.S. luxury market this year for price growth will be Miami, with an expected increase of 4%, according to the report. New York ranked second in the U.S., with expected price growth of 2%, followed by Los Angeles with 1% growth. Globally, the top market for luxury real estate is expected to be Auckland, New Zealand, with projected price growth of 10% in 2024.

Persons: Douglas Elliman, Frank Wealth, Robert Frank, Liam Bailey, Knight Frank Organizations: Miami, New York Locations: U.S, Los Angeles, Auckland, New Zealand, Mumbai, Dubai, Madrid, Sydney, Stockholm

☆ At the Berlin Film Festival, Reconsidering the Power of Doubt
▼ + stars: | 2024-02-23 | by ( Jessica Kiang | ) www.nytimes.com time to read: +1 min

Doubt is fussy and forgetful, whereas certainty strides around, all action and achievement. As a film critic, swift, declarative certainty is a quality I’ve learned to aspire to. But this year’s Berlin International Film Festival, which runs through Sunday, has been buffeted outside and in by political turbulence and organizational shake-ups. And so perhaps because the event itself is experiencing such uncertain times, the films made me reconsider — actually, doubt — my dismissive stance on doubt. Doubt is etched on Cillian Murphy’s hollow, striking features in Tim Mielants’s grave and moving “Small Things Like These,” which opened the festival last week.

Persons: —, Tim Mielants’s, Claire Keegan —, Magdalene laundries, Mary, Emily Watson, Murphy’s Locations: New Ross, Ireland

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