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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLatinos represent 5.05% of Fortune 500 corp. directors despite being fastest growing demo in economyCNBC's Contessa Brewer joins 'Money Movers' with the latest details about Latino representation in business.
Persons: CNBC's Contessa Brewer Organizations: Fortune, CNBC's
Billionaire Jared Isaacman made history in space — again. On Thursday, Isaacman spent 10 minutes floating in the vacuum of space outside of a SpaceX capsule. Both private space missions were funded for undisclosed sums by Isaacman, who boasts an estimated net worth of $1.9 billion, according to Forbes. He's a longtime advocate for the expansion of the private space industry, which he says could lead to "a world where everybody can go and venture among the stars." Here's how he went from teenage entrepreneur, running a business he founded in his parents' New Jersey basement, to a billionaire floating in space.
Persons: Jared Isaacman, Isaacman, Forbes Organizations: SpaceX, CNBC Locations: , Isaacman, New Jersey
Beijing/Hong Kong CNN —Married for seven years, Hansen and his wife Momo care for six little ones at their apartment in downtown Beijing. By 2030, the number of pets in urban China alone will almost double the number of young children across the country, according to its projection. The country’s pet ownership rate would be even higher if the number of dogs and cats in rural areas were included. Its birth rate also dipped to 6.39 births per 1,000 people, the lowest rate since the founding of Communist China in 1949. I think it’s just that we love dogs,” Hansen said.
Persons: Hong Kong CNN —, Hansen, Momo, , Beijing hasn’t, they’ve, Justin Robertson, Goldman Sachs, Mao Zedong’s, Goldman, It’s, , Tao, CNN Tao, CNN Stuart Gietel, aren’t, Basten, “ We’re, ” Hansen, Xi Jinping Organizations: Hong Kong CNN, Research, CNN, Publishing, Authorities, Communist, Hong Kong University of Science, Technology Locations: China, Beijing, Hong Kong, Australia, France, India, Japan, East China's Jiangsu, Communist China, Basten
CNN —American Lael Wilcox has broken the world record for the fastest woman to cycle around the world, traversing 21 countries and 18,125 miles in three and a half months. “I had so much fun — felt like I could’ve just kept riding forever,” said Wilcox on Instagram following the conclusion of her journey. The 38-year-old Alaskan is an experienced ultra-endurance cyclist, having become the first woman and first American to win the TransAm, a 4,200-mile race across the US, in 2016. For her around-the-world record attempt, Wilcox began in Chicago before cycling to New York. From hometown Anchorage, Wilcox cycled south to Los Angeles, before finishing along Route 66 to Chicago.
Persons: Lael Wilcox, – Wilcox, Jenny Graham, , , Wilcox, Sam Wasson, Rugile Kaladyte, Vedangi Kulkarni Organizations: CNN, Cycling, Guinness, Sipa, AP Locations: Chicago, Scottish, Instagram, American, New York, Portugal, Netherlands, Germany, Balkans, Turkey, Georgia, Perth, Australia, Brisbane, New Zealand, North America, Anchorage, Wilcox, Los Angeles, Glorieta , New Mexico
New York CNN —It’s easy to dismiss many presidential candidates’ campaign promises as empty, because Congress would need to approve them. Alex Durante, an economist at the Tax Foundation, a right-leaning think tank, told CNN that 100% tariffs would threaten the economy. It’s possible he is floating 100% tariffs as just a threat designed to change the behavior of other countries. ‘No question it’s inflationary’The Trump campaign did not provide an explanation to CNN about how Trump would implement 100% tariffs nor what the trigger would be. He said Trump’s tariff plan, if enacted, would risk setting off a market panic like former UK Prime Minister Liz Truss did in 2022.
Persons: New York CNN —, Donald Trump, Trump, ” Trump, , you’re, ” Maury Obstfeld, Obstfeld, ” Obstfeld, Christine McDaniel, George W, Bush, , McDaniel, George Mason University’s, Alex Durante, ” Durante, Brian Hughes, ” Hughes, , Harris, Kamala Harris, ” Kent Smetters, Smetters, Wharton “, it’s, ” Wharton, Liz, Joe Brusuelas, ” “ I’m, Joe Biden, Biden, Brusuelas, Liz Truss, Matt Priest, Trump’s Organizations: New, New York CNN, Peterson Institute for International Economics, CNN, International Monetary Fund, Trump, United States Trade Representative, Commerce Department, Tax Foundation, University of Pennsylvania’s Wharton School, Penn Wharton Budget, Wharton, ABC, RSM, Democratic, Footwear Distributors, Retailers of America Locations: New York, Wisconsin, United States, China, Russia, , American
[The stream is slated to start at 1:15 PM ET. Please refresh the page if you do not see a player above at that time.] CNBC's ETF Edge is dedicated to the fastest-growing trend in investing right now: ETFs. Every Monday, Bob Pisani will be joined by a panel of top market participants to offer educational and actionable advice to help you build your best portfolio.
Persons: Bob Pisani Organizations: Edge
Miami Dolphins star wide receiver Tyreek Hill emphatically said Wednesday the police officer involved in his traffic stop and detainment this week should be terminated. Hill, who was talking to reporters at a team-sanctioned press conference, was asked how he feels about his lawyer saying the officer involved should be dismissed. “Gone, gone, gone, gone. He got to go, man,” Hill said. He also said he could have approached the traffic stop differently.
Persons: Hill, , ” Hill, Cheetah, Jonnu Smith, Calais Campbell, Campbell, Danny Torres, Torres, Ignacio Alvarez, Alvarez, Daniels, ” Alvarez, bodycams, Organizations: Miami Dolphins, NFL, Miami, Dade, Dolphins, McLaren, NBC News Locations: Dade County
Held by Russia Kyiv UKRAINE PokrovskHow Russia’s Steady Advance Threatens Ukraine’s EastRussia is closing in on a key city in Ukraine’s East in one of the fastest advances for its military since the early days of the war. RUSSIAN ADVANCES Myrnohrad Rail lines Pokrovsk Hrodivka Ocheretyne Russian forces are closing in on a key rail and road hub. Novohrodivka Russian gains since June 1 Held by Russia before June 1 Selydove Avdiivka Russian advances are threatening to encircle Ukrainian troops here. Front line on June 1 RUSSIAN ADVANCES Pokrovsk Novohrodivka Russian gains since June 1 Selydove Rail lines Russian advances are threatening to encircle Ukrainian troops here. Front line on June 1 RUSSIAN ADVANCES Pokrovsk Hrodivka Novohrodivka Russian gains since June 1 Selydove Rail lines Russian advances are threatening to encircle Ukrainian troops here.
Persons: Selydove, Myrnohrad, Avdiivka, Pokrovsk, Pokrovsk Hrodivka, Chasiv Yar, Bakhmut, Yar, DONBAS, Vladimir V, Putin Organizations: Russia Kyiv, Donetsk, American, Planet Labs, Institute for, Russia Kharkiv Locations: Russia, Russia Kyiv UKRAINE, Ukraine’s East, Pokrovsk, Ukraine, Russian, Kurakhove, Chasiv, Kursk, Russia Kharkiv Russia, Avdiivka Donetsk
The group released the survey last week with two nonprofit organizations, Asian Americans and Pacific Islanders for Civic Empowerment Education Fund and Asian American Futures. The survey authors interviewed 1,253 Asian Americans across six of the largest Asian ethnic groups in California. Ramakrishnan said the results are relatively consistent with Asian American voters in the past. Still, there continues to be a misconception that appealing to Asian Americans, which often requires multilingual outreach, is too expensive, Ramakrishnan said. But hiring more Asian Americans on campaigns could help solve that issue.
Persons: , Karthick Ramakrishnan, Nina Raneses, ” Raneses, Harris, Walz, ” Ramakrishnan, Ramakrishnan, Dave Min, Republican Scott Baugh Organizations: Democratic, Republican, Asian American, Pacific Islanders, Civic Empowerment Education Fund, American Futures, American, Democratic Party, Republican Party, NBC News, Democratic National, Pacific, DNC, California Asian, Asian, Congressional Locations: California, U.S, Americans, Southern California, Central Valley
The area, nearly all white 20 years ago, has since begun to teem with South Asian life. That energy is mirrored throughout the South Asian American electorate. Michigan is one of only five states with a South Asian member of Congress, Democratic Rep. Shri Thanedar, and Sawni says she’s ready to see a South Asian person in the White House, too. “South Asian voters and Indian Americans in particular are among the fastest-growing segments of the electorate,” he said. On a local scale, experts say more South Asian Americans are running for office than ever before.
Persons: Kannan Udayarajan, , Shekar Narasimhan, , Kamala Harris ’, Chintan Patel, Harris, Karthick Ramakrishnan, It’s, ” Udayarajan, Udayarajan, “ Kamala Harris’s, it's, Walz, Andrew Peng, Harris ’, Shri Thanedar, Sawni, Joe Biden’s, Biden, Trump, Tanjina, ” Islam, , President Trump, Steven Cheung, Ramakrishnan, “ They’re, ” Narasimhan, J.J, Abbott, “ Kamala, Yagnesh Choksi, Kamala, don’t, they’ve Organizations: American, South, Indian, South Asian, Community, AAPI, , Democrats, Harris, Democratic Party, Pew Research Center, NBC News, Mexicans, Michigan, Democratic, Trump Locations: Forsyth County , Georgia, Georgia, Michigan, Pennsylvania, U.S, Indian, South, Forsyth County, Forsyth, Asian, Gaza, Tanjina Islam,
Learn moreApple officially announced the Apple Watch Series 10 and a design update to the Apple Watch Ultra 2 during its "Glowtime" event on September 9. AdvertisementThe Apple Watch Series 10 and the refreshed Apple Watch Ultra 2 are available to preorder now from Apple's website. AdvertisementApple Watch Series 10: New featuresThe Apple Watch Series 10 contains a range of upgrades. AppleThe Apple Watch Series 10 is available in a larger size than the Apple Watch Ultra 2, with 30% more screen area than the previous generation Series 9. AppleAll Apple Watch Series 10 models run on Apple's new S10 processor to support new features, like suppressing background noise during a phone call.
Persons: Slate, Apple, There's Organizations: Business, Apple, Apple Watch
Rapper Kendrick Lamar will headline the Super Bowl halftime show in New Orleans, the NFL announced Sunday. Follow along for live coverage of Week 1Roc Nation and Jesse Collins, an Emmy-winning producer, will be co-executive producers of the Apple Music halftime show. “Kendrick Lamar is truly a once-in-a-generation artist and performer,” Roc Nation founder Jay-Z said in a statement. Super Bowl 59 will take place on Feb. 9. Lamar previously performed at the 2022 Super Bowl in Los Angeles alongside several other rappers and hip-hop stars in a West Coast-themed show.
Persons: Kendrick Lamar, ” Lamar, Lamar, Jesse Collins, “ Kendrick Lamar, Jay, Z, Drake Organizations: NFL, BET, Apple Music, Roc Nation, Morale Locations: New Orleans, City, Los Angeles, West Coast
In mid-December 2005, back when U.S.-Russia relations remained on relatively friendly terms, a new media channel called Russia Today began broadcasting English-language news. “It’s a very good start,” Russian President Vladimir Putin was quoted as saying of Russia Today at the time. In subsequent years, Russia Today would rebrand to RT, expand into other languages, and even open a studio in Washington, D.C. in 2010. The Tennessee company was not named in the indictment but appears to be Tenet Media, according to a review by NBC News of details included in the indictment. Instead of shuttering, the state media organization found alternate ways to distribute content, including a social media bot farm, the DOJ said in a July news release outlining its efforts to remove the content.
Persons: , Vladimir Putin, Russia wasn’t, Margarita Simonyan, Elena Mikhaylovna Afanasyeva, Kostiantyn Kalashnikov, Melanie Smith, We’ve, there’s, ” Smith, , Eduard Grigoriann, Lauren Southern, Donald Trump, Hillary Clinton, Darren Linvill, ” Linvill, ” Simonyan Organizations: Russia Today, RIA, U.S, Institute for Strategic, NBC News, Kremlin, RT, Government, Tenet Media, NBC, YouTube, Justice Department, WikiLeaks, RT America, DirecTV, DOJ, Clemson University’s, Espanol Locations: Russia, RIA Novosti, Washington ,, U.S, Europe, Tennessee, London, Ukraine, America
Recently, after six years away, we returned to Glasgow to visit friends and family. AdvertisementNicole Findlay and her family were pleasantly surprised by how friendly people were in Scotland. In America, when asking about allergy specifics for my son, servers often make a note on their notepad to pass along to kitchen staff. In Scotland, servers asked us if we had allergies before I even had a chance to inquire. While the cigarette butts surprised my son, my husband and I noticed way more people vaping.
Persons: I'm, we'd, they'd, I'd, Nicole Findlay, Nicole Findlay Chips, crisps, haggis, Nicole Findlay's, , we'll Organizations: Service, Business, , America Locations: American, British, Glasgow, Scottish, America, Hawaii, Scotland, California
Median home prices fell 1.3% year-over-year in August, Realtor.com said. For-sale inventory hit the highest level since May 2020, helping push prices lower. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.
Persons: Realtor.com, Organizations: Service, Business
Yi Gang was governor of the People's Bank of China from 2018 to 2023. He is pictured here speaking at the Peterson Institute for International Economics in Washington, DC, US, on Saturday, April 15, 2023. SHANGHAI — China's policymakers need to focus on boosting domestic demand, Yi Gang, former head of the People's Bank of China, said Friday at the Bund Summit in Shanghai. "At this point, proactive fiscal policy and accommodative monetary policy are important," he said. In contrast to high inflation in the U.S. and Europe, China's consumer prices fell in 2023 and have only picked up marginally so far this year as domestic demand remains lackluster.
Persons: Yi Gang, Yi Organizations: People's Bank of, Peterson Institute for International Economics, Bund, Reuters Locations: People's Bank of China, Washington , DC, SHANGHAI, Shanghai, U.S, Europe
Instead of high-net-worth individuals, C-suite executives in China are increasingly using business jets, said Paul Desgrosseilliers, general manager at ExecuJet Haite General Aviation Services. ExecuJet HaiteBEIJING — China's wealthy are increasingly looking for ways to move capital outside the mainland to pursue business opportunities, rather than just chasing investment returns, according to asset managers and consultants. The company's active overseas clients rose by nearly 63% year on year to 3,244. Overseas assets under management rose nearly 15% to $5.4 billion from a year earlier, while mainland China assets under management fell over 6% to $15.8 billion, according to Noah's quarterly earnings report. "What we are hearing from them is that the fastest growth in terms of interest from Chinese clients [occurred] in the post-Covid [period to] early last year."
Persons: Paul Desgrosseilliers, ExecuJet, there's, Ryota Kadogaki, Grant Pan, Noah Holdings, Noah, Kadogaki, Mu Chen, That's, Pan, ExecuJet Haite Organizations: General Aviation Services, Beijing Daxing, Monolith, Investors, Ministry of Commerce, CNBC, Noah Holdings, Beijing Daxing International Locations: China, Beijing, BEIJING, Japan, Mainland China, Singapore, Hong Kong, Southeast Asia, East, Africa, Asia Pacific
They found that registration for Asian American, Native Hawaiian and Pacific Islanders increased by 43%, from 550,682 to 787,982 voters. However, things changed in 2020 when Asian Americans had a significant double-digit increase in presidential election turnout. Ramakrishnan pointed out that since the data set ended before Vice President Kamala Harris entered the race, it’s likely that the increase in Asian American voter registration is even more dramatic. “We’re seeing this more generally, regardless of race and ethnicity, but especially what I’ve seen is among younger voters, among female voters, voter registration has gone up significantly in the last month,” he said. “I would expect the Harris candidacy to also drive higher voter registration and higher voter interest among Asian Americans.”For more from NBC Asian America, sign up for our weekly newsletter.
Persons: Sarah Poontong, Poontong, couldn’t, , ” Poontong, ” Christine Chen, APIAVote, Chen, “ There’s, ” Chen, Karthick Ramakrishnan, who’ve, they’ve, they’re, , Ramakrishnan, ” Ramakrishnan, Donald Trump, she’s, Kamala Harris, Harris Organizations: Pacific Islanders, NBC News, U.S . Capitol, American, Pacific, Asian, Trump, NBC Asian Locations: Hawaiian, U.S, Asia, Thailand, Chicago, Georgia, NBC Asian America
The announcement comes during Indian Prime Minister Narendra Modi's two-day visit to the Lion City, which began Wednesday following a trip to Brunei. The next phase of the Singapore-India partnership is very promising," Singapore Deputy Prime Minister Heng Swee Keat said at the Singapore-India Forum organized by the Singapore-India Partnership Foundation, Institute of South Asian Studies and the Singapore Business Federation. "Singapore, India and the rest of Asia must continue to strengthen on economic connectivity and integration, to allow for capital, ideas and talent to find their optimal uses," he said. We want to create a bunch of Singapores in India," Modi said in a meeting with Wong. watch nowOn Wednesday, Modi and Singapore's Prime Minister Lawrence Wong visited Singaporean semiconductor and electronics company AEM, signaling their intent to increase cooperation in chips.
Persons: Narendra Modi, Brunei Sultan Hassanal, Dean Kassim, Narendra Modi's, Heng Swee Keat, Modi, Wong, Lawrence Wong, Heng, Ajit Doval, It's, Anit Mukherjee Organizations: India's, Istana Nurul, Afp, Getty, SINGAPORE —, Indian, Lion, Singapore -, India Partnership Foundation, Institute of South Asian Studies, Singapore Business Federation, U.S, International Monetary Fund, Singapore's, National, Imports, CNBC, Modi's, King's College London, Economic, Board Locations: Brunei Sultan, Istana Nurul Iman, Bandar Seri Begawan, SINGAPORE, SINGAPORE — India, Singapore, Brunei, India, Singapore - India, Asia, , China, Germany, Japan
The fastest-growing suburb in the U.S. isn't near a major city like New York, Miami, or Los Angeles. In August, GOBankingRates looked at the population change from 2020 and 2022 and focused on cities with a 9% or greater change in the same years. The suburbs had to have a July 2024 home value below $500,000. The South reigned supreme, with six regions in the top 10—Mooresville, North Carolina took the No, 1 spot on the list. In July 2024, Mooresville had a home value of $480,430 and a 29.94% change in total population over the 2020-2022 period.
Persons: GOBankingRates, Mooresville Organizations: NASCAR, IndyCar, NASCAR Technical Institute Locations: U.S, New York, Miami, Los Angeles, North Carolina, States, Florida, Arizona, Charlotte
However, given that September has historically been the worst month of the year for the market, we're layering in some technical analysis to identify some buy levels. We published our prior buy levels analysis on June 26. Clearly, we should have been a bit more conservative in our buy levels, however, in our defense shares only traded below $162 for two days. However, we must be mindful that a move there would once again mean we've broken below the 200-day moving average. Below that and we're looking for the 200-day moving average to hold at around $89 apiece.
Persons: we're, we've, that's, wouldn't, Jim Cramer's, Jim Cramer, Jim, Mark Zuckerberg, Emily Chang, Jason Henry Organizations: Microsoft, Nvidia, Club, CNBC, Meta, Inc, Bloomberg, Getty Locations: Menlo Park , California
Family offices are expected to add more than $2 trillion in assets by 2030, as an increase in wealth concentration and a revolution in wealth management drive rapid growth in new family offices. In total, the wealth of families with family offices is expected to top $9.5 trillion in 2030, according to the report — more than doubling over the decade. "It's really the past decade that has seen an acceleration in growth in family offices." The rise of family offices is remaking the wealth management industry and creating a powerful new force in the financial landscape. Family offices are seen as offering more privacy, more customization and more tailored programs for the next generation of the family.
Persons: Robert Frank, Rebecca Gooch, It's, Gooch, incentivized, Eric Johnson Organizations: Deloitte Private, Deloitte, Henley & Partners, Forbes Locations: centimillionaires, North America, Asia, Pacific, North
Walmart is taking dollar stores’ customers
  + stars: | 2024-09-04 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +6 min
Dollar Tree also owns the long-struggling Family Dollar chain. While dollar stores once expanded to reach a growing number of financially strapped Americans, they underestimated just how financially strapped many Americans would become. “They missed the fact in tough times the consumer would be looking for consumables.”Meanwhile, Dollar Tree has been weighed down by its purchase of Family Dollar. Earlier this year, Dollar Tree announced that Family Dollar will close more than 900 stores, and it subsequently said it will explore a sale or spinoff of Family Dollar. In previous times of financial stress, Dollar General has seen middle-income and slightly more affluent households trade down into Dollar General to save money.
Persons: Michael Lasser, , Todd Vasos, Vasos, Mike Creedon, aren’t, “ They’re, ” David D’Arezzo, , ” Neil Saunders, Organizations: New, New York CNN, Walmart, UBS, Dollar General, Dollar, CNN, Target Locations: New York
Montreal is a gem of a city: It's safe and walkable, with a vibrant nightlife and a cultural calendar packed with events. It's also one of the fastest-growing cities in Canada, so why wouldn't you want to get in on the action? AdvertisementIt has become harder for Montreal renters to check everything off their wish lists without raising budgets. AdvertisementGiven the condition of Montreal's housing market, our "starter" is now just our forever home. Christopher O'Donnell/ShutterstockBusinesses also have to compete against the city's carousel of construction projects, which can reduce foot traffic, among other issues.
Persons: , It's, I've, Lisette Jemmott, Anatoli Igolkin, Jemmott, she's, Michael Falduto, isn't, Catherine Zibo, Falduto, it's, Glenn Castanheira, Marc Bruxelle, Yönder, Christopher O'Donnell, Castanheira, Helen Wolkowicz Organizations: Service, Business, The Coalition, Housing Committees, Associations of Quebec, McGill, Concordia, Concordia University, City, Montreal —, Montreal Locations: Finland, Montreal, Canada, Canadian, Toronto, Quebec, City of Montreal
The basic problem: It's unclear how these free services could support new, Hollywood-style programming even if they wanted to. Now, with YouTube making the jump to TV screens and "free, ad-supported TV" (FAST) services having a moment, where does that leave Hollywood? Tech and legacy media will battle over free TV in the coming monthsLooking ahead, the major players already ahead in free TV will likely continue to gain share. Free streaming may seem like a way for Hollywood to claw back viewers. If not, it's hard to say what winning in the battle for free TV will actually get them.
Persons: Prognosticators, YouTuber Jamie Clement, Tubi's, Sarah Lee, Evan Shapiro, There's, Jenn Vaux, it's, Max, Peacock, Roku, It's, Tubi, Adam Lewinson, WBD, Laura Florence, Horowitz Organizations: Netflix, Business, YouTube, Hollywood, Disney, Hulu, Warner, Comcast, FX Networks, Parks Associates, Nielsen, Media, Fox, ABC News, NFL, FAST, Horowitz Research, Hub Entertainment Research, Tech, Fire TV, Paramount, Pluto, SVP, Global, Fremantle, JPMorgan, CNBC Locations: Hollywood, Fremantle
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