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☆ Putin said Russia wouldn't have to choose between guns or butter. The price of butter is soaring.
▼ + stars: | 2024-11-04 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

Yet it's precisely butter that's been a headache for Russia, with a 25.7% price increase this year. "There is a well-known phrase: guns instead of butter," Putin said last February. By the end of October, the price of butter in Russia was up 25.7% compared to December 2023, per government statistics. Why butter prices are on the riseA week before that meeting, the same union said the country wasn't experiencing a butter shortage, but added that about 25% of local butter consumption comes from foreign suppliers. AdvertisementAnother major dairy supplier complying with wartime sanctions, New Zealand, sold $88.8 million worth of butter to Russia yearly before the invasion began.

Persons: Putin, —, Vladimir Putin Organizations: Service, MMI, Gazeta, United Arab Emirates Locations: Ukraine, Russia, Russian, Moscow, Latin America, New Zealand, Turkey

☆ North Korean troops will become 'cannon fodder' if they join Russia's war against Ukraine, South Korea says
▼ + stars: | 2024-10-31 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

South Korea's UN ambassador says North Korean soldiers will become "cannon fodder" in Ukraine. AdvertisementNorth Korean troops headed to fight in Ukraine will "end up as mere cannon fodder," Joonkook Hwang, the South Korean ambassador to the UN, said on Wednesday. 'Cannon fodder'The news of North Korea's troops joining Russian troops comes as Russia has struggled to find the manpower for its military. Hwang's prediction of the fate that awaits North Korean troops echoes comments Ukraine and the US have made over the course of the war. AdvertisementIn June, the Pentagon said North Korean soldiers will become "cannon fodder" if they are sent to aid the Russian war effort.

Persons: —, Joonkook Hwang, Hwang, Kim Jong, Cannon, Vladimir Putin, Kim Jong Un Organizations: North, Service, South, UN, UN Security, Ukraine, Russian, Pentagon, Business Locations: UN, Ukraine, North Korea, South Korean, New York, Russia, South Korea, North, Iran, DPRK, Europe

☆ China is eyeing $1.4 trillion in fiscal stimulus and even more if Trump is elected, report says
▼ + stars: | 2024-10-29 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

China is considering a fresh $1.4 trillion stimulus, Reuters reported. The package could be approved next week and would increase in size if Trump wins the election. The large fiscal stimulus would be increased if Republican nominee and former President Donald Trump wins the US election, the report says. The remaining 4 trillion yuan would be raised by local government bonds and put toward idle land and property purchases, the sources told Reuters. AdvertisementIf Trump is elected, the stimulus package could be higher due to the economic challenges Trump's policies would pose for China, the sources told Reuters.

Persons: Trump's, —, Donald Trump, Trump, he's, Goldman Sachs Organizations: Reuters, Trump, Service, Republican, National People's Congress, China, Wall Locations: China, Beijing

The musician Florence Welch, photographed in London on July 5, 2024. When I rang the Camberwell, South London, doorbell of Florence Welch, I held a tribute: “The Penguin Book of Spiritual Verse” (2022), edited by Kaveh Akbar. Chanel coat, price on request, (800) 550-0005; Valentino tights (worn underneath), $1,000; and Welch’s own dress, headband and jewelry. An aversion to definition is a great gift to an artist like Welch. Art begins in the body; art is limited by the limitations of the body; at some point, art exceeds the body and can live beyond the scope of flesh.

Persons: Florence Welch, Valentino, Luis Alberto Rodriguez, Vanessa Reid FLORENCE, Florence Welch’s, Inanna, Enheduanna, Jane Hirshfield PROPHETESS, “, Kaveh Akbar, I’ve, Welch, they’re, enormity, Madame Blavatsky, ”, Fleetwood, Taylor Swift, William Morris, Evelyn Welch’s, Vanessa Reid, Welch wouldn’t, who’ve, Nick Cave, Patti Smith, Stevie Nicks, Tom Waits, Jeff Buckley, Sam Cooke, Otis Redding, ” Welch, Ganavya Doraiswamy, who’s, Welch’s —, Doraiswamy, Uyir, Federico García Lorca’s, it’s, Shakespeare, Mozart, Toni Morrison, Lorca, It’s, Jack Antonoff, she’s, Chanel, Nick Welch, Sebastians, she’d, dryly, Bugsy Malone ”, Grace, squats . Welch, Isabella Summers, hasn’t, didn’t, Fiona Apple, Kate Bush, Regina Spektor, Annie Lennox, Joanna Newsom, Sinead O’Connor, thrall, ’ She’s, Gustav Klimt, who’d, Jimi Hendrix, Janis Joplin, Jim Morrison, Kurt Cobain, She’d, Dave Grohl, Scott Fitzgerald’s, Thomas Bartlett, Nico Muhly, Yoko Ono, Sufjan Stevens, Nick Carraway’s, Jay Gatsby, —, hadn’t, spiraled, Louis Vuitton, John, John Singer Sargent, Sargent, Miss Elsie Palmer ”, I’d, “ I’ve, Britney Spears, Dolly Parton, ” I’d, de Wilde, ” de Wilde, Julia Margaret Cameron, Leonora Carrington, Remedios Varo, Loie Fuller, Ellen Terry, Lady MacBeth ”, ’ ” Welch, they’d, King ”, King, Elvis Presley, revel, Ovid, Apollo, preternaturally, Anthony Turner, Thom Walker, Afra Zamara, Jack Symes, Sam Hearn, Daiki Tajima, Federico Covarelli, Emily Rose Lansley, John Allan, Samanta Falcone, Ollie Kariel, Pip Long, Karen Avenell, Andreea Georgiana Rădoi, Sam Wright Organizations: Machine, YouTube, Enheduanna, University of Bristol, Smiths, Big, Camberwell College of Arts, Foo Fighters, American, Theater, Antonoff, Tate, John Singer, Jolly, Art, Digital Locations: London, FLORENCE, Camberwell, South London, Florence, Florida, ”, Camberwell —, British, Tamil, Spanish, Strasbourg, dyscalculia, Toronto, squats ., Cambridge, New York City, Tate Britain, American, “

The musician Florence Welch, photographed in London on July 5, 2024. When I rang the Camberwell, South London, doorbell of Florence Welch, I held a tribute: “The Penguin Book of Spiritual Verse” (2022), edited by Kaveh Akbar. Chanel coat, price on request, (800) 550-0005; Valentino tights (worn underneath), $1,000; and Welch’s own dress, headband and jewelry. Exacerbating the mixed craving for and fear of having a baby and what it would mean for her art, Welch feels the intense pressure of aging as a female performer. Art begins in the body; art is limited by the limitations of the body; at some point, art exceeds the body and can live beyond the scope of flesh.

The musician Florence Welch, photographed in London on July 5, 2024. For nearly two decades, Florence Welch’s songs have offered a mythic view not only of pop music but of the glories and rages of being a female artist today. When I rang the Camberwell, South London, doorbell of Florence Welch, I held a tribute: “The Penguin Book of Spiritual Verse” (2022), edited by Kaveh Akbar. An aversion to definition is a great gift to an artist like Welch. Art begins in the body; art is limited by the limitations of the body; at some point, art exceeds the body and can live beyond the scope of flesh.

☆ The Greats: Florence Welch, Lorna Simpson, Jonathan Anderson and Theaster Gates
▼ + stars: | 2024-10-17 | by ( The New York Times | Lauren Groff | ) www.nytimes.com time to read: +37 min

The musician Florence Welch, photographed in London on July 5, 2024. For nearly two decades, Florence Welch’s songs have offered a mythic view not only of pop music but of the glories and rages of being a female artist today. When I rang the Camberwell, South London, doorbell of Florence Welch, I held a tribute: “The Penguin Book of Spiritual Verse” (2022), edited by Kaveh Akbar. Exacerbating the mixed craving for and fear of having a baby and what it would mean for her art, Welch feels the intense pressure of aging as a female performer. Art begins in the body; art is limited by the limitations of the body; at some point, art exceeds the body and can live beyond the scope of flesh.

☆ How Florence Welch Turned Rage Into Power
▼ + stars: | 2024-10-17 | by ( Lauren Groff | The New York Times | ) www.nytimes.com time to read: +37 min

The musician Florence Welch, photographed in London on July 5, 2024. When I rang the Camberwell, South London, doorbell of Florence Welch, I held a tribute: “The Penguin Book of Spiritual Verse” (2022), edited by Kaveh Akbar. Exacerbating the mixed craving for and fear of having a baby and what it would mean for her art, Welch feels the intense pressure of aging as a female performer. In the latter part of the song, Welch raises her voice in a long howl of rage. Art begins in the body; art is limited by the limitations of the body; at some point, art exceeds the body and can live beyond the scope of flesh.

☆ North Korea sending military officials to help Russia in Ukraine is a massive boost for Kim Jong Un
▼ + stars: | 2024-10-16 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +8 min

North Korea got a good deal by sending its officials to help Russia's Ukraine war, experts said. In a discussion on Monday, Ukrainian President Volodymyr Zelenskyy said: "North Korea has, in fact, entered the war," per state-run outlet United24 Media. Even limited numbers of North Korean officials aiding Russia offers a vital boost for Kim Jong Un and his regime, experts told Business Insider. "It's a win-win situation," Joseph S. Bermudez Jr., a North Korea defense expert at the Center for Strategic and International Studies, said. Among the North Korean elite, there's also a hunger for consumer goods, which Russia's support can help to provide, Bennett said.

Persons: —, Kim Jong Un, Volodymyr Zelenskyy, Kim, Joseph S, Bermudez Jr, He's, Bruce W, Bennett, Bermudez, they're, there's, Vladimir Putin Organizations: Service, Business, United24, Washington Post, Kremlin, North, Russia, Center for Strategic, International Studies, RAND, North Korean, Carnegie Endowment, International, Foreign Relations Locations: Korea, Ukraine, Russia, Ukrainian, North Korea, North Koreans, Koreans, Kyiv, Pyongyang, Moscow

☆ Fed Governor Waller says 'more caution' needed on rate cuts after data showing a hot economy
▼ + stars: | 2024-10-15 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Fed Governor Christopher Waller says recent data shows the Fed should ease more cautiously. The Fed cut rates by a50-basis points last month and is expected to make a smaller cut next month. AdvertisementWaller said recent data, though, shows an economy that's still hot. He pointed to recent data on employment, inflation, income and gross domestic product. Waller said he will be watching closely for any further data that shows the Fed should ease less aggressively.

Persons: Christopher Waller, Waller, —, Waller's Organizations: Service, Stanford University, Fed

☆ War with Ukraine is the only thing preventing Russia from entering an immediate recession, economists say
▼ + stars: | 2024-09-29 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +5 min

Russia would be in a recession by now if it weren't for the nation's hefty war budget, economists told BI. War spending is propping up the economy, which is becoming increasingly overheated, they added. AdvertisementWar may be the only thing keeping Russia's economy afloat. Russia's economy is also being plagued by currency problems, Gorodnichenko said, pointing to Russia's limited access to the dollar as the result of Western sanctions. That will ultimately depend on how long the war in Ukraine — and therefore, spending on the war — will last.

Persons: —, Jay Zagorsky, there's, Zagorsky, Yuriy Gorodnichenko, Gorodnichenko, That's Organizations: Service, Boston University's Questrom School of Business, Kremlin, Ukraine, University of California, Bank of, Russia, Ukraine — Locations: Russia, Moscow, Ukraine, Russian, Berkeley, Bank of Russia, Soviet, China

☆ A $28 trillion problem is about to get much worse. Harris and Trump are ignoring it
▼ + stars: | 2024-09-27 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +8 min

But now, as the dangers of a widening deficit and mounting debt grow, former President Donald Trump and Vice President Kamala Harris are making little effort to address it. A budget deficit occurs when a country’s spending exceeds what it collects in revenue, primarily through taxes. The deficit is expected to widen under the status quo and could get even worse under proposals by both Harris and Trump, if enacted. During the Trump-Harris presidential debate earlier this month, the budget deficit was mentioned just twice, when Harris jabbed Trump for his proposals, which are expected to add considerably more to the deficit than hers. In the 2021 fiscal year, during which Trump left office, the country ran a $2.8 trillion deficit.

Persons: Donald Trump, Kamala Harris, Harris, Trump, Jerome Powell, “ It’s, ” Powell, Harris jabbed Trump, ”, Maya MacGuineas, “, Barack Obama, we’ve, I’ve, Obama, Mitt Romney, ” Obama, Romney, Hillary Clinton, Powell, MacGuineas, There’s, Kent Smetters, aren’t Trump, Smetters, aren’t Organizations: New, New York CNN, White, Trump, Republican, Democratic, Congressional, CNN, University of Pennsylvania’s Wharton School, Penn Wharton Budget, ”, Republicans, Democrats, “ Locations: New York, China, Japan

PITTSBURGH — Kamala Harris vowed to govern as a pragmatist who wouldn’t be captive to ideology in an economic speech Wednesday while outlining $100 billion in new investments in manufacturing, a major issue in this battleground state. Pennsylvania voters react to Harris' speechEconomic concerns have been a liability for Democrats throughout the campaign cycle, as inflation rose in the post-pandemic global economy. And while domestic economic policies can have reverberating impacts, the supply chains that caused higher prices are, at least in part, beholden to global economic conditions. Voters who attended Harris' speech expressed confusion that other Americans see Trump as good for the economy. Denise Meyers, 74, a Harris supporter who attended the speech, cited Trump’s anti-union record to argue he’s bad for the middle class.

Persons: Kamala Harris, Harris, Josh Shapiro, “, ” Harris, ”, Donald Trump, “ Donald Trump, Joe Biden, Biden, there's, Harris hasn't, Trump, Angela Garcia, Susan Bails, — Trump, George W, Bush —, Denise Meyers, ” Meyers, Meyers, offshoring Organizations: PITTSBURGH, NBC, Democratic Locations: America, United States, U.S, Pennsylvania, Pittsburgh, China

☆ Chinese yuan hits strongest level against the dollar in over 16 months as investors assess PBOC stimulus
▼ + stars: | 2024-09-25 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +3 min

The Chinese yuan has weakened sharply against the U.S. dollar in the last several weeks as the greenback strengthens and investors worry about China's economic growth. China's yuan hit its strongest level in over 16 months on Wednesday after Beijing unveiled a slate of stimulus measures to shore up the slowing economy on Tuesday. The Chinese offshore yuan strengthened briefly to 6.9946 per dollar, the strongest since May 2023. China's onshore yuan is currently trading at 7.0319 against the greenback, also holding at the strongest levels since last May. China bonds rallied after the PBOC announcement with 10-year and 30-year yields hitting record lows.

Persons: Ben Emons, Edmund Goh, Zerlina Zeng, CreditSights, Pan Gongsheng, Emons, Hong, — CNBC's Evelyn Cheng Organizations: U.S, Beijing, greenback, Fed Watch, BNP, U.S ., Asia Credit, People's Bank of China Gov, CSI Locations: China, abrdn, Hong Kong, London, Singapore, New York

☆ China-Mexico freight traffic surges in Trump, Biden tariff era, as companies find ways to evade U.S. trade war
▼ + stars: | 2024-09-20 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +16 min

Patrick T. Fallon | AFP | Getty ImagesNew data shows a surge in trade between China and Mexico at a time of tough tariff talk during the presidential campaign. This nearshoring of manufacturing enables companies to change a product's origin of goods, also referred to as the "economic nationality" of a product. Data from freight analytics firm Xeneta shows China to Mexico container trade up by 26.2% from January to July 2024, after growing by 33% in 2023. Mexico is also a member of the Pacific Alliance, a trade bloc formed by Mexico, Chile, Colombia, and Peru. "Bilateral tariffs should be expected to lead to trade diversion, and that's exactly what happened in the aftermath of the trade war.

Persons: Patrick T, Fallon, Jordan Dethwart, Mary Lovely, Anthony Solomon, Simon Cohen, Peter Sand, Donald Trump, Trump, John Piatek, Biden, Piatek, Lovely, Moody's, Elon Musk, Musk, Tesla, Sand, Charles Van der Steene, Van der, Mexico —, Freightos, Erica York, York, Tim Robertson, Ian Arroyo, Arroyo, Saul Loeb Organizations: El, El Paso Sector, AFP, Getty, U.S, Companies, Peterson Institute for International Economics, Henco Logistics, European Union, European Free Trade Area, Pacific Partnership, Pacific Alliance, GEP, Motive, BMW, Ford, GM, Kia, gigafactory, Volvo, Pirelli, Michelin North America, Hyundai, SFK USA, Maersk, Bureau of Transportation Statistics, CNBC, United, Pacific, Port, U.S ., ITS Logistics, Tax, DHL Global, Dana, Afp Locations: El Paso, Mexico, New Mexico, Chihuahua, Sunland Park , New Mexico, China, Redwood Mexico, United States, Canada, U.S, Japan, Israel, Latin America, Chile, Colombia, Peru, USA, propping, Laredo , Texas, El Paso , Houston, San Diego, Monterrey, Fremont , California, Austin , Texas, Americas, Mexican, Monterrey . Mexico, East, lading, Maersk North America, Tijuana, El Paso , Texas, Pacific Coast Port, Lazaro, Laredo, Monterrey , California, U.S . West, U.S . East, Gulf, West Coast, Asia, Mexico City, Warren , Michigan

☆ Taylor Swift previously said she was uninspired by politics in her music. Now, she’s singing a different tune
▼ + stars: | 2024-09-17 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +4 min

“I don’t get melodies and ideas in my head that have to do with the issues of our economic climate,” Swift added. Swift, now 34, has since written a number of songs that reflect her feelings on politics and societal causes that are important to her. Rick Diamond/Getty Images/FileThat same year, Swift endorsed the Biden-Harris ticket, an endorsement punctuated by the singer expressing regret in “Miss Americana” for not speaking up about political causes sooner. Swift initially captivated her fans with her music, creating a loyal Swiftie base that seems to hang on her every word. Regardless of whether she chooses to directly sing about politics or social causes, she now seems to know all too well how powerful her music can be.

Persons: “, ”, Taylor Swift, ” Swift, Lesley Stahl, Swift, ” Taylor Swift, Rick Diamond, Harris, Scott Swift, Donald Trump, Kamala Harris Organizations: CNN, Tennessee Democratic, Biden Locations: Nashville

☆ Gen Z and millennials are propping up the economy — with help from their parents, 'Oracle of Wall Street' says
▼ + stars: | 2024-09-16 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAccording to a Harris poll from September 2023, about 45% of adults aged 18 to 29 were still living with their parents. However, the "Oracle of Wall Street" economist — so known for correctly predicting the 2008 crisis — did not foresee a recession, given that stronger cohorts would continue to power the economy. Aside from Gen Z and millennial consumers, top-earners are also helping keep the US economy afloat, Whitney noted. Those raking in over $150,000 are still active in the economy, though buying has shifted toward essentials over discretionary products.

Persons: —, Meredith Whitney —, Harris, Whitney, McDonald's, Gen Z Organizations: Service, Financial Times, Business, Whitney, US Bureau of Labor Statistics, Dollar

☆ Stock market today: Indexes close mixed as tech stumbles and traders brace for Fed meeting
▼ + stars: | 2024-09-16 | by ( Max Adams | ) www.businessinsider.com time to read: +3 min

US stocks ended mixed on Monday ahead of the start of the Fed's two-day policy meeting. The Fed is widely expected to deliver a rate cut of 25 or 50 basis points at the end of its meeting on Wednesday. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementStocks close mixed on Monday as traders and investors prepared for the start of the Federal Reserve's highly anticipated policy meeting. The Federal Open Market Committee, the Fed's rate-setting group, is expected to deliver an interest rate cut at 2 p.m. on Wednesday.

Persons: —, Savita Subramanian, Apple, Morgan Stanley, Z Organizations: Apple, Service, Federal, Market Committee, Bank of America, Tech, Nasdaq, Broadcom, Nvidia, Micro, Micron Technology Locations: Here's

☆ This week could shift the focus of a key narrative for Harris and Trump
▼ + stars: | 2024-09-04 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

Those two events are the kind of thing that, in normal times, are tracked mostly by economists and Wall Street types. For former President Donald Trump and the Republicans, the narrative is simple: Anything bad you’re feeling about inflation or the job market? Harris entered the race trailing Trump on a range of issues, including the economy. If that were the whole story, Trump might have a harder time disparaging Harris’ and President Joe Biden’s economic record. If the data doesn’t behave, however, then jobs — not inflation — may become the key economic narrative that Harris and Trump will start talking about in their stump speeches.

Persons: CNN Business ’, New York CNN —, we’re, pollsters, Donald Trump, Kamala Harris, Harris, Price, Trump, Harris ’, Joe Biden’s, it’s, ”, Aaron Sojourner, Heidi Shierholz, Biden, — Organizations: CNN Business, New York CNN, Federal Reserve, Republicans, Biden, Democratic, Trump, July’s, Fed, WE Upjohn, Employment Research, Economic Policy Institute, ”, of Labor Statistics Locations: New York, Washington

The same Chinese brokers who were laundering fentanyl proceeds were now heavily involved in marijuana trafficking across the U.S. as well. Over the past decade, Chinese organized crime groups in the U.S. quietly became the dominant money launderers for Mexican cartels. Since 2023, federal prosecutors have charged at least 31 people linked to Chinese groups accused of laundering cartel drug money. In the ensuing months, the team began to understand for the first time how the Chinese became the Mexican cartels’ go-to money launderers. The Chinese money brokers then arrange for the cartels to receive the equivalent amount in pesos or cryptocurrency in Mexico.

Persons: Ray Donovan, Joaquin “ El Chapo ” Guzman, Guzman, Donovan, ”, Michael Mezner, ‘, I’ve, El Chapo, ” Donovan, “, Christopher Urben, “ They’ve, Dennis Wilder, ” Wilder, Urben, ” Urben, Bill Bodner, Vanda Felbab, Brown, ’, They’re, Xi Jinping Organizations: Attorney’s, Central, Central District of, U.S, Division, CIA, Ministry of State Security, U.S ., National Intelligence, National Security Council, Los, Singapore —, Brookings Institution, Operations Division, DEA, Citibank Locations: U.S, East, China, El, Sinaloa, Pasadena, Calif, Central District, Central District of California, Virginia, United States, CJNG, propping, Los Angeles, San Francisco and New York, Asia, Australia, Singapore, New York, Chicago, Miami, Mexico, Los Angeles County . U.S, Guangzhou, America

☆ Russia's business elites signal they are tired of propping up the wartime economy
▼ + stars: | 2024-07-26 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

Some Russian elites are challenging the central bank's potential interest rate hike to 18%. Russia's key interest rate is at 16% after a series of hikes to tame elevated inflation and a hot wartime economy. AdvertisementSome of Russia's business elites appear to be getting impatient with the country's wartime economy. Several influential individuals have come out to publicly challenge the Russian central bank's signal that it's likely to hike interest rates on Friday. Russia's key interest rate already stands at 16%.

Persons: — Organizations: Service, Reuters, Business Locations: Russian, Ukraine

☆ Nikki Haley defends anti-Trump primary rhetoric and choice to endorse him over Harris
▼ + stars: | 2024-07-25 | by ( Jeremy Herb | ) edition.cnn.com time to read: +7 min

In May, Haley said she would vote for Trump, sparking backlash from some anti-Trump Republicans who had supported her campaign. Even after she suspended her campaign in March, Haley continued to get a significant share of the vote in subsequent primaries. “I know that Trump kept dictators at bay, and that’s what I hope he will continue to do,” she said. That’s what I want President Trump to have. “First of all, she was official, she should have been there,” Haley said of Harris, who serves as president of the Senate in her official capacity.

Persons: Nikki Haley, Donald Trump, Jake Tapper, Kamala Harris, Trump, Haley, Joe Biden’s, “, ” Haley, Joe Biden, Haley –, ”, –, Harris, Kamala Harris –, she’s, we’ve, It’s Trump, it’s Harris, Tapper, Ohio Sen, JD Vance, Vance, we’re, Benjamin Netanyahu’s, – Harris, Netanyahu, they’re, ” “, Chris Christie, Christie, Chris, he’s Organizations: CNN, Former South Carolina Gov, Democratic, Republican National Convention, GOP, Trump, Trump Republicans, United Nations, Ohio, Republican Party, America, Russia, Israeli, White, Mar, Senate, Republican, New, New Jersey Gov Locations: Russia, Ukraine, Taiwan, Israel, New Jersey, Iowa, New Hampshire

☆ Stock futures rise after S&P 500, Nasdaq post worst day since 2022: Live updates
▼ + stars: | 2024-07-24 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) on July 24, 2024 in New York City. Stock futures rose Wednesday night after a sharp tech-driven sell-off dragged the Nasdaq Composite and the S&P 500 to their worst session since 2022. S&P 500 futures rose 0.2%, while Nasdaq 100 futures advanced 0.3%. In after-hours trading, Ford Motor shares tumbled about 10% after the company's second-quarter earnings came in much lower than analysts had expected. More than 25% of companies in the S&P 500 have reported their second-quarter earnings, according to FactSet data.

Persons: Chipotle, ServiceNow, Yung, Yu Ma, Ma Organizations: New York Stock Exchange, Nasdaq, Dow Jones, Ford Motor, IBM, Nvidia, Microsoft, BMO Wealth Management, American Airlines, Northrop Grumman, Honeywell, Hasbro Locations: New York City, Stock

☆ Opinion | Democratic Elites Were Slow to See What Voters Already Knew
▼ + stars: | 2024-07-21 | by ( Ezra Klein | ) www.nytimes.com time to read: +2 min

President Biden and Representative Alexandria Ocasio-Cortez agree on this much: It is the elites who are trying to take Biden down, ignoring the sentiments of legions of Democratic voters. I saw the elites propping him up, ignoring the sentiments of legions of Democratic voters. But the Democratic Party’s elites were in lock step around Biden. The White House and the Democratic Party apparatus it controls are powerful. “I would be crucified by them if I spoke out of line,” an anonymous Democratic state party chair told NBC News early this month.

Persons: Biden, Alexandria Ocasio, Cortez, propping, —, Dean Phillips’s, “ Organizations: Democratic, Democratic Party, Congressional, Nonprofit, NBC News Locations: Siena

☆ Caitlin Clark is the hottest ticket in the WNBA. So why is the cheapest way to see her play in Indianapolis?
▼ + stars: | 2024-07-17 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

On June 23, when the Fever faced off against the Sky in Chicago, the average ticket price was around $250 — the most expensive average ticket price ever for a WNBA game — according to the ticket resale marketplace TickPick. It's not uncommon for star athletes like Clark to drive soaring ticket prices when they play away from home. If two arenas have the same level of ticket demand, the one with more seats could, in theory, have lower ticket prices. Tickets cost less in smaller marketsThings tend to cost more in cities like New York than they do in Indianapolis, including ticket prices. It's possible that, to some degree, Fever home ticket prices have been kept in check by the Indianapolis market.

Persons: —, Caitlin Clark, Clark, LeBron James, Victor Matheson, Matheson, hasn't, Indianapolis —, Clark — Organizations: Service, Indiana Fever, Fever, Sky, Ticketmaster, Business, Chicago, Indianapolis, Cleveland Cavaliers, NBA, Cavaliers, College of, University of Iowa, WNBA, NBA's Indiana Pacers, Washington Mystics, Entertainment, Sports Arena, New York Knicks, Indiana Pacers, Knicks, Pacers, New York Liberty Locations: Chicago, Indianapolis, New York, York, Indianapolis's

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