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☆ For first time in six decades, freight rails split on union negotiation strategy
▼ + stars: | 2024-11-01 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +8 min

He added, "Votes of union workers in the United States against tentative agreements tend to reflect the white-hot anger of union employees against their employers. Tentative agreements are their only chance for them to express their frustration with their employer and their anger at the way they have been treated." A BNSF spokesperson said it is planning to attend the formal national labor negotiations even as it has announced nine tentative union agreements, five of which have already been ratified. It also has tentative agreements with the International Brotherhood of Electrical Workers (IBEW), SMART-TD, SMART-TD-YDM (Yardmasters Department), the International Brotherhood of Boilermakers, and Iron Ship Builders (IBB). To date, Norfolk Southern has reached tentative agreements with 10 of its 13 unions, covering approximately 67% of its craft workforce.

Persons: Berkshire Hathaway, Jeremy Ferguson, Ferguson, Joe Biden, Richard Edelman, Mooney, Green, Murphy, Welch, Daniel Imbro, Stephen, Brotherhood of Railway Carmen, we've, Mark George, Imbro, it's Organizations: Union Pacific, CSX, BNSF, Canadian Pacific, Canadian Pacific Kansas City —, SMART, Railway Labor, National Carriers ' Conference Committee, Railroads, NSC, National Conference of Firemen, Oilers, Tran, Transportation Communications Union, TCU, Brotherhood of Railway, International Brotherhood of Electrical Workers, Yardmasters Department, International Brotherhood of Boilermakers, Iron Ship Builders, Norfolk, Norfolk Southern, National Carriers ' Locations: Southern, Berkshire, Canadian Pacific Kansas, United States, Norfolk Southern, Norfolk

☆ $100 oil could be the October surprise no one wanted
▼ + stars: | 2024-10-03 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

New York CNN —The Middle East is in chaos, and the oil market is remarkably calm about it. The chill reaction in the oil market reflects a boy-who-cried-wolf mindset that has set in. Even just two years ago, oil prices skyrocketed to $130 a barrel in March 2022 after Russia invaded Ukraine. Oil prices skyrocketed in 2019 when Saudi oil facilities were damaged in an attack that US officials blamed on Iran. A disruption in the Strait of Hormuz could send oil prices above $100 a barrel, according to ClearView.

Persons: ”, Bob McNally, “, It’s, McNally, George W, Bush, Israel, ” Helima, Joe Biden, Croft, internationalize, Kevin Book, ClearView, it’s, Biden Organizations: New, New York CNN, Investors, Rapidan Energy Partners, Israel, RBC Capital Markets, CNN, CIA, ClearView Energy Partners, International Energy Agency, RBC, Strategic Petroleum Reserve, Citigroup, Citi Locations: New York, Iran, China, OPEC, Saudi Arabia, Russia, United States, ” Helima Croft, Ukraine, Israel, Saudi, Strait, Hormuz, Riyadh, Persian

☆ The Gap comeback that might actually be working
▼ + stars: | 2024-10-02 | by ( Cathleen Chen | ) edition.cnn.com time to read: +21 min

Designer Zac Posen — now creative director at Gap Inc., at the Vanity Fair Oscar party in March 2024. Danny Moloshok/ReutersSince 2014, the Gap brand has nearly halved its presence in North America, going from 968 stores in the market to 472 as of February. It makes up about 20% of overall Gap Inc. revenue, while Old Navy accounts for more than half. Before Gap, Posen was on track for a similar trajectory to Mizrahi’s. They started by redefining the positioning of each brand: Gap as a pop culture brand.

Persons: CNN — Zac Posen, Richard Dickson, Posen, Donald, Doris Fisher, Mickey Drexler, Drexler, Uniqlo, Zac Posen —, Danny Moloshok, Sonia Syngal, Dickson, Barbie, Troye Sivan, Da’vine Joy, Anne Hathaway, ” Posen, won’t, Zac, Isaac Mizrahi, ”, Gabriella Santaniello, Mizrahi, Zac Born, Saint Ann’s, Lola Schnabel, Julian Schnabel, Lena Dunham, Nicole Miller, Naomi Campbell, Grimm, —, Da'Vine Joy Randolph —, Jamie McCarthy, Yucaipa, Ron Burkle, Sean Combs, Zac Posen, Neiman Marcus —, Zac Posen — that’s, Zac Posen’s, it’s, Paco Rabanne, Patrick Robinson, Ye, Julie Gilhart, Gilhart, ” Dickson, Bernadette Peters, “, Harrison Ball, Ryan Murphy, ’ ”, TJ Maxx, Kennedy, Anne Hathway, Pietro S, Robert, William Fisher, didn’t, Mark Breitbard, Horacio Barbeito, Chris Blakeslee, Goodman, Stephanie Keith, Da’Vine Joy Randolph’s, Sivan, Hathaway, Julia Fox, influencer, Lee Peterson, hasn’t Organizations: The, Fashion, CNN, Old Navy, Inc, New Yorker, Gap Inc, Navy, Banana, Reuters, Mattel, Hollywood, Xcel Brands, QVC, Saint, Metropolitan Museum of Art, Central Saint Martins, New York Times, Centric Brands, Barneys, New York City Ballet, Swans, Disney, rockstar, Old, America ., Collins Group, Vogue, Bloomberg, Council of Fashion Designers of America, New York, Dôen Locations: Posen, San Francisco Bay, New, Banana Republic, Athleta, San Francisco, Oxford, Zara, North America, Asia, China, Republic, New York City, American, London, Bloomsbury, Balthazar, SoHo, Rome, Italy, New York, America, America . Banana

☆ Iran has no good options after two deadly strikes on senior allies
▼ + stars: | 2024-07-31 | by ( Nick Paton Walsh | ) edition.cnn.com time to read: +6 min

ET) in Tehran, will dictate what comes next, as Iran looks to present a narrative that justifies and fashions its response. Iran's Supreme Leader Ayatollah Ali Khamenei is seen with Haniyeh -- hours before his assassination. There is no shortage of furious rherotic the day after the strikes, but there is no easy route for Iran. Iran has also tried an unprecedented direct all-out attack on Israel before, in April, after senior IRGC commanders were killed in an Israeli strike on Damascus. In short, the 300 drone and missiles fired - straight from Iran at Israel - just didn’t get through.

Persons: Ismail Haniyeh, Haniyeh, Israel, Ayatollah Ali Khamenei, Mohsen Fakhrizadeh, Qasem Suleinami, rherotic, Ahmad Al, Ali Khamenei’s, “, Masoud Pezeshkian, group’s, Fuad Shukr Organizations: CNN, Revolutionary Guards, Iran's Locations: Iran, Tehran, Israel, Beirut, Lebanon, Golan, Quds, Damascus

This source said the sentiment only grew Friday when Lofgren, Pelosi’s longtime close lieutenant, released her letter urging Biden to step aside. CNN has reached out to Pelosi’s camp and the Biden campaign for comment on this reporting. And Biden campaign chair Jen O’Malley Dillon went on MSNBC’s “Morning Joe” Friday morning to say Biden was “absolutely” in the race. “Joe Biden is more committed than ever to beat Donald Trump.”Instead, there was a stream of new statements from House Democrats. A Democratic lawmaker told CNN that House Democratic Leader Hakeem Jeffries and his team are not discouraging members from continuing to speak out against Biden’s candidacy.

Persons: Joe Biden, Biden, Democratic Sen, Martin Heinrich of, Zoe Lofgren, Nancy Pelosi –, Pelosi, Biden –, ”, Lofgren, Pelosi’s, Kamala Harris, Harris, Jen O’Malley Dillon, Joe ”, “ Joe Biden, Donald Trump, Hakeem Jeffries, “, Heinrich, ” Heinrich, Greg Landsman, Dana Bash, ” Landsman, Donald Trump doesn’t, Jared Huffman, Mark Pocan, Chuy Garcia, Marc Veasey – Organizations: Wisconsin CNN, Democratic, Republican National Convention, Republican, CNN, West, Covid, House Democrats, Biden’s, White, Ohio Democrat, “, ”, –, Congressional Hispanic Caucus, Congressional Black Caucus Locations: Milwaukee, Wisconsin, Martin Heinrich of New Mexico, California, Ohio

A woman steps out of a polling booth prior to cast her vote in the first round of parliamentary elections in Le Touquet, northwestern France, on June 30, 2024. LONDON — France's left-wing New Popular Front coalition is set to unexpectedly win the most seats in the second round of the country's parliamentary election but fail to clinch an absolute majority, early data showed. By offering voters a starker choice and fewer candidates, RN's opponents hoped that the electorate would choose the non-RN candidate. The prime minister must leave," Jean-Luc Melenchon, leader of the France Unbowed party, said in a CNBC-translated social media update after the release of the early poll data. The final round of the election shows that voters, ultimately, have rejected Macron.

Persons: France's, France Unbowed, Ipsos, Emmanuel Macron's, —, pollster Ipsos, Jean, Luc Melenchon, Macron, Melenchon, Macron's Organizations: LONDON, Popular Front, Socialists, CNBC, NFP, National Rally Locations: Le Touquet, France, Europe's

☆ Semiconductor stocks just capped off a strong start to 2024. What to expect in the second half
▼ + stars: | 2024-07-05 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

Wall Street is sticking with semiconductor stocks after its hot start to the year. SMH YTD mountain Share performance in 2024 That said, many investors and analysts expect another strong glide path for the industry in the second half. "The AI theme continues to remain very strong," said CFRA Research analyst Angelo Zino, who holds a buy rating on Nvidia. Many on Wall Street view this upcycle as a significant tail wind for Micron Technology as the industry edges out of its trough. But many on Wall Street viewed the sell-off as a buying opportunity , with Goldman Sachs analyst Toshiya Hari expecting market share gains in high-bandwidth memory.

Persons: frothiness, Angelo Zino, you've, Ken Mahoney, John Belton, we're, Management's Paul Meeks, that's, Harlan Sur, Baird, Ted Mortonson, Jeff deGraaf, CNBC's, Gabelli's Belton, Belton, Meeks, Goldman Sachs, Toshiya Hari, Hari, CFRA, Zino, Baird's Mortonson Organizations: VanEck Semiconductor, Nvidia, Devices, CFRA, Gabelli Funds, Broadcom, JPMorgan, KLA Corp, Cadence Design Systems, Micron Technology, Micron, Qualcomm, Apple Locations: unchartered

☆ Euro 2024: Why Austria are the tournament’s biggest surprise
▼ + stars: | 2024-06-29 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +6 min

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

☆ It's not too late for Dems to choose another candidate. Here's how it would work.
▼ + stars: | 2024-06-28 | by ( Joshua Zitser | Sarah Gray | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewCan the Democrats replace President Joe Biden at the top of the ticket? In 1968, when President Lyndon B. Johnson dropped out of the race, his vice president, Hubert Humphrey, entered the Democratic primary, but he was too late to get on some states' ballots. Delegates eventually voted to name Humphrey the nominee, but he ultimately lost the election to former Vice President Richard Nixon. AdvertisementTypically, the vice president is the go-to individual, but Gift said Vice President Kamala Harris's approval ratings are too low for her to be a serious contender.

Persons: —, Joe Biden, Lyndon B, Johnson, Hubert Humphrey, Humphrey, Robert F, Kennedy, Eugene McCarthy, Martin Luther King Jr, John F, Richard Nixon, Biden, Mitch Robertson, Robertson, Thomas Gift, Kamala Harris's, Mark Shanahan, Gavin Newsom, Gretchen Whitmer, Transportation Pete Buttigieg, Shanahan, Harris, Kamala Harris, Iwan Morgan, Morgan, John Owens, it's, Owens Organizations: Service, Democratic, Business, Convention, Delegates, University College London, Democrats, UCL's Center, University of Surrey, Transportation, Trump, UCL's Institute of, Labor, American University's Center, Congressional, Presidential Studies Locations: Chicago, Vietnam, Los Angeles, Americas

☆ French protests add to Macron's political gamble as election race heats up
▼ + stars: | 2024-06-17 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

Matthieu Delaty | Afp | Getty ImagesFrance's election campaign kicked off in earnest Monday following a weekend of violent nationwide protests against the far-right National Rally, or RN, whose record European Parliament gains sparked the snap vote. Protesters gather during an anti far-right rally after French president called legislative elections following far-right parties' significant gains in European Parliament elections, in Paris on June 15, 2024. More likely, however, is a "messy" hung parliament, he said — part of Macron's gamble to discredit RN's legitimacy ahead of the 2027 presidential elections. French stocks gained on Monday, with Goldman Sachs' senior European strategist Sharon Bell saying that the sell-off may have been premature. Protesters gather during an anti-far-right rally after French President Emmanuel Macron called legislative elections following far-right parties' significant gains in European Parliament elections in Paris on June 15, 2024.

Persons: Matthieu Delaty, Jordan Bardella, France's Le, Lou Benoist, Emmanuel Macron's, Mujtaba Rahman, Mujtaba, Goldman Sachs, Sharon Bell, Bell, CNBC's, Emmanuel Macron Organizations: National Rally, Afp, Getty, France's Le Monde, CGT, CNBC, Union, Eurasia, CAC, Generale, Protesters Locations: Lyon, France, Paris, Europe

☆ The Realtors settlement is already changing the way some Americans buy and sell homes
▼ + stars: | 2024-03-30 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

The mere prospect of a future settlement has already caused some Americans to change their behavior when buying and selling their homes. If approved by a judge, the settlement comes with new rules for Realtors. Potential for lower homebuying costsThe new rules could help lower home prices, experts say. Sales commissions, traditionally shared between a buyers’ agent and the agent who lists a home on the market, are usually between 5% and 6% of a home’s selling price. But, for the time being, buyers’ agents will still be able to see that Hanley isn’t offering them compensation, potentially disincentivizing them from showing his home to clients.

Persons: homebuyers, ”, Debra Dobbs, Jeremy Cannon, Cannon, ” Cannon, “, Matt Hanley, ” Hanley, “ I’m, Hanley isn’t, Hanley, “ We’ve, ‘ Let’s, ’ ”, Mariya Letdin, Letdin, ” Letdin Organizations: CNN, National Association of Realtors, Realtors, ”, NAR, Florida State University Locations: Chicago, Corona , California, Minnesota

☆ Japan’s population crisis was years in the making – and relief may be decades away
▼ + stars: | 2024-03-01 | by ( Jessie Yeung | ) edition.cnn.com time to read: +10 min

The demographic crisis has become one of Japan’s most pressing issues, with multiple governments failing to reverse the double blow of a falling fertility rate and swelling elderly population. But Japan’s crisis is unique in that it’s been decades in the making, experts say – meaning its impact is particularly evident now, with relief unlikely to come anytime soon. ‘Not reversible’The first thing to understand about Japan’s population crisis is that it’s only partly behavioral, said James Raymo, professor of sociology and demography at Princeton University. As of last year, Japan’s fertility rate sat at 1.3. The real problem is that the fertility rate has been consistently low for so long.

Persons: handwringing, It’s “, –, it’s, James Raymo, ” Raymo, ‘, aren’t, Raymo, Tomohiro Ohsumi, – “, Stanislav Kogiku, “, ” Organizations: CNN, Princeton University, government’s Institute of Population, Social Security Research, Getty Locations: Japan, China, Hong Kong, Taiwan, South Korea, Spain, Italy, United States, India, Yonomori, Fukushima, singlehood, Vietnam, Shinjuku, Tokyo, Toyko

☆ Trump 14th Amendment Supreme Court oral arguments: What to watch
▼ + stars: | 2024-02-08 | by ( John Fritze | ) edition.cnn.com time to read: +6 min

The court scheduled 80 minutes for the arguments that will kick off shortly after 10 a.m. Though the 14th Amendment was ratified in 1868, the court has never before wrestled with a claim based on the insurrection clause. The case, Trump v. Anderson, is on appeal from the Colorado Supreme Court, which in December ruled that the former president is no longer eligible to serve. Trump is simultaneously juggling four criminal prosecutions – including one that could reach the Supreme Court in coming days dealing with whether he can claim immunity from criminal prosecution. While the stakes for Trump are enormous, they are also significant for the Supreme Court.

Persons: Donald Trump’s, Bush, Gore, ”, Kermit Roosevelt, ” Trump, Anderson, Trump, Michael Gerhardt, John Roberts, Elena Kagan, Roberts, Sonia Sotomayor, Ketanji Brown Jackson, Kagan, Barack Obama, “ Roberts, ” Gerhardt, “, ” CNN’s Marshall Cohen Organizations: CNN, GOP, Trump, University of Pennsylvania Carey Law School, Supreme, Colorado Supreme, Capitol, University of North, Republican, New, Interplay Locations: Colorado, Maine, University of North Carolina, Iowa, New Hampshire

☆ Youth suicide rates rose 62% from 2007 to 2021: 'People feel hopeless,' one recent grad says
▼ + stars: | 2023-12-05 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +9 min

Last year, suicide rates in the U.S. were the highest they had been since 1941, according to data from the Centers for Disease Control and Prevention. From 2007 through 2021, suicide rates for Americans ages 10 to 24 rose 62%, according to the CDC. Young people don't think they can make 'a significant difference'Financial instability has proven to be a large contributing factor in youth suicide. In 2014 and 2015, suicide rates at the Massachusetts Institute of Technology surpassed the national average, which was about 13 deaths per year, according to CDC data. Easier access to guns is linked to increased suicide rates, as well, as gun suicides reached an all-time high in 2022, according to CDC data.

Persons: Young, Katie Meyer, Ian Alexander Jr, Regina King, Ellis Lariviere, Mariana Fabiana, —, Fabiana, Gen Z, ideation, Michele Berk, Berk, Bessel, Van der Kolk, Gen, Carl Fleischer, Fleischer, Nate Bronstein, it's, It's, Carl Fleisher, Jennifer Breheny Wallace, Wallace Organizations: Stanford University, Centers for Disease Control, North Carolina State University, Columbia University, Massachusetts Institute of Technology, MIT, CDC, Boston Child Study, Facebook, Harvard, Yale University, University of California Locations: Brooklyn , New York, U.S, Palo Alto , California, Los Angeles, Chicago

☆ What do homeowners in California and Florida have in common? A major insurance problem
▼ + stars: | 2023-10-19 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

Homeowners in both California and Florida are facing a home insurance crisis due to natural disasters. AdvertisementAdvertisementFormer Florida residents Natalia and John told Insider's Jordan Pandy that they had to leave after their homeowners insurance skyrocketed to $12,000. The lifelong Florida residents said they moved to a town in Wisconsin where they could get a lot more bang for their buck. Across the country, another form of natural disaster is complicating homeowner's insurance in the West, including California. "Modernizing our insurance market is not going to be easy or happen overnight," California Insurance Commissioner Ricardo Lara, said, according to AP.

Persons: —, Natalia, John, Insider's Jordan Pandy, Insider's Catherine Boudreau, Dan Latu, Ricardo Lara Organizations: Service, Census, CBS News, Guardian, Allstate, AP Locations: California, Florida, Wisconsin

The UAW said that 8,700 union members at Ford's Kentucky Truck Plant went on strike after the union said the No. For the past four weeks, UAW President Shawn Fain ordered new walkouts on Fridays in video addresses. Wednesday's move came as Ford and UAW bargainers were working to resolve differences on retirement security and union representation of Ford's future battery plants, a Ford official said. The Ford official said Shawn Fain and other UAW officials called a meeting with Ford at 5:30 pm ET on Wednesday and demanded a new offer. Before Wednesday's Ford announcement the union had ordered walkouts at five assembly plants, including two Ford plants, at the three companies and 38 parts depots operated by GM and Stellantis.

Persons: Stellantis, Shawn Fain, Wednesday's, Fain, Ford, leadership's, Harley Shaiken, Shaiken, Wednesday's Ford, walkouts, David Shepardson, Chris Reese Organizations: United Auto Workers, Detroit Three automakers, UAW, Ford, General Motors, Chrysler, UAW bargainers, Kentucky, Detroit, University of California, GM, Stellantis, Thomson Locations: U.S, Berkeley, Washington, Bengaluru

☆ Trump's 'corporate death penalty' explained: veteran Manhattan fraud prosecutors describe what's next
▼ + stars: | 2023-09-27 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

A Manhattan judge on Tuesday found Trump and his real-estate company liable for fraud. The judge ordered Trump Organization's New York corporate charters revoked immediately. AdvertisementAdvertisementExperts are calling it the "corporate death penalty." AdvertisementAdvertisementTrump continues to own his buildings, agreed Moscow and another veteran Manhattan financial crimes prosecutor, Diana Florence, now also in private practice. Trump can't tell the receiver what to do," she said.

Persons: Trump, —, Donald Trump, Letitia James, James, it's, NRA –, John Moscow, Arthur Engoron's, Arthur Engoron, Baach Kaufmann Middlemiss, Diana Florence, Florence, what's, It'll Organizations: Manhattan, Trump Organization's New, Service, Trump Organization, NRA, Trump Organization . New, New York, New, Trump Locations: Trump Organization's New York, Manhattan, New York, York, Moscow

☆ New Musk biography offers fresh details about the billionaire's Ukraine dilemma
▼ + stars: | 2023-09-07 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +5 min

But the episode reveals the unique position Musk found himself in as the war in Ukraine unfolded. Even as cellular phone and internet networks had been destroyed, the Starlink terminals allowed Ukraine to fight and stay connected. But once Ukraine began to use Starlink terminals for offensive attacks against Russia, Musk started to second-guess that decision. “How am I in this war?” Musk asks Isaacson. SpaceX had spent tens of millions of its own money sending the satellite equipment to Ukraine, according to Musk.

Persons: CNN — Elon Musk, Walter Isaacson’s, Elon Musk, ” Isaacson, Isaacson, Simon & Schuster, Musk, Steve Jobs, Albert Einstein, “ Starlink, ” Musk, Joe Biden’s, Jake Sullivan, Mark Milley, Mykhailo Fedorov, “, —, ” Fedorov, Clodagh Kilcoyne, Ukraine “, –, tweeting, ” Gwynne Shotwell, Shotwell, Elon Organizations: CNN, Russian, SpaceX, Netflix, Reuters, Pentagon, US Locations: Crimean, Ukrainian, Russian, Russia, Crimea, Ukraine, Washington, Moscow

☆ 'Barbie' movie banned in Vietnam over South China Sea map
▼ + stars: | 2023-07-03 | by ( ) edition.cnn.com time to read: +1 min

Reuters —Vietnam has banned Warner Bros.’ highly anticipated film “Barbie” from domestic distribution over a scene featuring a map that shows China’s unilaterally claimed territory in the South China Sea, state media reported on Monday. (Warner Bros’, like CNN, is a unit of Warner Bros. The U-shaped “nine-dash line” is used on Chinese maps to illustrate its claims over vast areas of the South China Sea, including swathes of what Vietnam considers its continental shelf, where it has awarded oil concessions. “Barbie” is the latest movie to be banned in Vietnam for depicting China’s controversial nine-dash line, which was repudiated in an international arbitration ruling by a court in The Hague in 2016. Vietnam and China have long had overlapping territorial claims to a potentially energy-rich stretch in the South China Sea.

Persons: Barbie ”, China’s, “ Barbie ”, ”, “ Barbie, Margot Robbie, Ryan Gosling, Barbie ’, Kien Thanh Organizations: Reuters, Warner Bros, CNN, Warner Bros ., Vietnam, DreamWorks, Netflix, Department of Cinema Locations: Reuters — Vietnam, South China, Vietnam, The Hague, China, Australian, ”, United States

☆ Vietnam bans 'Barbie' movie over South China Sea map
▼ + stars: | 2023-07-03 | by ( ) www.reuters.com time to read: +2 min

HANOI, July 3 (Reuters) - Vietnam has banned Warner Bros' highly-anticipated film "Barbie" from domestic distribution over a scene featuring a map that shows China's unilaterally claimed territory in the South China Sea, state media reported on Monday. The U-shaped "nine-dash line" is used on Chinese maps to illustrate its claims over vast areas of the South China Sea, including swathes of what Vietnam considers its continental shelf, where it has awarded oil concessions. "Barbie" is the latest movie to be banned in Vietnam for depicting China's controversial nine-dash line, which was repudiated in an international arbitration ruling by a court in The Hague in 2016. In 2019 the Vietnamese government pulled DreamWorks' animated film "Abominable" and last year it banned Sony's action movie "Unchartered" for the same reason. Vietnam and China have long had overlapping territorial claims to a potentially energy-rich stretch in the South China Sea.

Persons: Warner, China's, Barbie, Margot Robbie, Ryan Gosling, Kien Thanh, Warner Bros, Phuong Nguyen, Kanupriya Kapoor Organizations: Warner Bros, Vietnam, DreamWorks, Netflix, Department of Cinema, Warner, Thomson Locations: HANOI, Vietnam, South China, The Hague, China, Australian, United States

☆ Blockchains are ‘basic utilities’ for the digital economy, says Franklin Templeton crypto head
▼ + stars: | 2023-06-19 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Think of investing in crypto as investing in technology for the data economy. Crypto is unchartered territory for most, but the 76-year-old asset manager has dived deep into research in recent years believing digital assets will transform asset management, capital markets and the increasingly digital, data-driven world at large. "You don't expect it to end just at just Bitcoin and Ethereum , and we expect over the next several years, several things that continue to unfold and find application," Roger Bayston, Franklin Templeton's head of digital assets, told CNBC Pro at the Digital Assets Council of Financial Professionals' VISION conference in Austin, Texas. Since 2019, the firm has operated node validators on various blockchains – including Ethereum, Solana , Cardano and Polkadot . Bayston said investors who have the stomach for high volatility and uncertainty could be rewarded in the future.

Persons: Franklin Templeton, Crypto, Roger Bayston, Franklin Templeton's, Bayston, It's Organizations: CNBC Pro, Digital Assets, Financial Professionals, Government Money Market Locations: Austin , Texas, Ethereum, Solana, Cardano, U.S

☆ ‘Focus on unsexy problems’: 3 millennial freelancers on how to build a successful career
▼ + stars: | 2023-05-18 | by ( Gili Malinsky | ) www.cnbc.com time to read: +3 min

Eventually, Burton learned people were offering their rapping skills for hire on Fiverr and decided to give the freelance platform a shot himself. In 2015, Jen Glantz, now 35, posted an ad as a bridesmaid for hire on Craigslist. When it comes to career advice, figure out what skills you already have and how you can optimize them. And "not just skills related to your degree," she says, "but also personality skills, character skills, hobbies." "I was asked to be a bridesmaid so many times by so many people," says Glantz about her 20s.

☆ Icahn Enterprises fielding enquiries by U.S. prosecutors
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +2 min

May 10 (Reuters) - Icahn Enterprises LP (IEP.O) said on Wednesday it had received inquiries from U.S. prosecutors about its operations on May 3, a day after a short-seller accused it of over-valuing its assets. The disclosure from Icahn Enterprises that it had received inquiries from prosecutors in the Southern District of New York came as the firm posted a surprise quarterly loss, after volatility in markets hit returns on its investments. It added that the prosecutors had not made any claims or allegations against the company or Icahn. Icahn has called the report "self-serving" and said he stands by Icahn Enterprises statements about his finances. Excluding one-time items, Icahn Enterprises reported a loss of 11 cents per share, missing analysts' average estimate of a 19 cents profit, according to Refinitiv data.

☆ Icahn Enterprises shares slide on surprise quarterly loss
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +1 min

May 10 (Reuters) - Icahn Enterprises LP (IEP.O) on Wednesday reported a surprise quarterly loss as volatility in markets hit returns on its investments, sending the shares of the company owned by billionaire Carl Icahn down nearly 8% before the bell. "Icahn has been using money taken in from new investors to pay out dividends to old investors," Hindenburg had alleged about the Florida-based company with investments in the energy, automotive, food packaging, real estate and other industries. Excluding one-time items, Icahn Enterprises reported a loss of 11 cents per share, missing analysts' average estimate of a 19 cents profit, according to Refinitiv data. Revenue for the quarter ended March 31 came in at $2.6 billion compared to $4.1 billion a year earlier. Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

☆ Maple Leafs oust Lightning for first playoff series win since 2004
▼ + stars: | 2023-04-30 | by ( Frank Pingue | ) www.reuters.com time to read: +3 min

"Obviously it's a bit of a monkey off our back and we still got plenty of work to do but this one obviously feels really great," said Maple Leafs forward Auston Matthews. Toronto's last postseason series win came long before the arrival of gifted goal scorer Matthews (2016), explosive winger Mitch Marner (2016) and durable captain Tavares (2018). And for once the Maple Leafs, who had gone 0-11 in series-clinching games since they last advanced, gave their eternally optimistic fan base a reason to celebrate. The Tavares goal less than five minutes into overtime allowed the entire Maple Leafs organization and their fan base to breathe a collective sigh of relief. The Maple Leafs will next face the winner of Sunday's game between the top-seeded Boston Bruins and Florida Panthers.

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