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☆ Video: GOP lawmakers called Mike Johnson’s plan ‘disappointing’. Hear his reaction
▼ + stars: | 2024-04-17 | by ( Allison Love | ) edition.cnn.com time to read: 1 min

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☆ Student debt is haunting Americans from graduation to retirement
▼ + stars: | 2024-04-16 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

“I’ve had to just put all of my dreams aside and focus on surviving day to day,” Jes Evans, 35, told CNN. Many who responded said they were nearing retirement age but couldn’t imagine being able to stop working, saying they would take their debt to their grave. The White House has forgiven a staggering $153 billion in federal student loan debt, giving a financial lifeline to millions of borrowers. Davis graduated from chiropractic college in 1986, with about $30,000 in debt from federal student loans. He isn’t bitter about it, and he’s not counting on a magic wand to come and zap his debt away.

Persons: —, “ I’ve, ” Jes Evans, Evans, ” Evans, ”, Courtney Brown, they’re, ” Brown, Brown, “, Gallup, Josh, He’d, ” Josh, he’s, Amy Coody, she’s, that’s, I’m, Ralph Davis, Davis, ’, ” Davis Organizations: New, New York CNN, Gallup Lumina, CNN, United States, Lumina Foundation, Biden, Department of Education, Public Locations: New York, Pittsburgh, United, Oregon, Wetumpka , Alabama, Savannah , Georgia

☆ Why Corporate America is keeping quiet on abortion
▼ + stars: | 2024-04-16 | by ( Allison Morrow | ) edition.cnn.com time to read: +8 min

New York CNN —Eight years ago, when North Carolina tried regulate how transgender people use public bathrooms, Corporate America revolted. Nearly two dozen states have either banned or severely curtailed abortion rights since Roe v. Wade was overturned two years ago. Lamberton: What we’ve seen is the natural life cycle of an idea. But in the last few years, we’ve seen that position softening. Economically, we’ve seen a great deal of volatility just in the last half decade.

Persons: CNN Business ’, Roe, Wade, we’ve, Bud, Cait Lamberton, ” Lamberton, ”, Lamberton, We’ve, Bud Light, Busch, isn’t, it’s, they’re, John Wanamaker Organizations: CNN Business, New York CNN —, America, PayPal, Associated Press, —, American Civil Liberties Union, University of Pennsylvania’s Wharton School of Business, Consumers, Anheuser, Bud, Brands, Coca Cola, Companies, Technology Locations: New York, North Carolina, Ukraine, Georgia, Philadelphia

☆ Ex-Trump attorney explains strategy he thinks could lead to a ‘victory’ for Trump in hush money trial
▼ + stars: | 2024-04-15 | by ( Allison Love | ) edition.cnn.com time to read: 1 min

☆ U.S. wage growth is cooling, but some jobs are still seeing relatively big annual raises
▼ + stars: | 2024-04-15 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Among them, it's highest in the legal profession: Indeed found that average workers saw their paychecks grow at a 5.7% pace in March 2024 versus a year earlier. Strong wage growth doesn't necessarily translate to a high salary, though. By comparison, software developers make $66.40 an hour and $138,110 annually on average, according to BLS data. For example, workers in accommodation and food services saw annual earnings growth peak at 16.1% in December 2021, according to ZipRecruiter data. By comparison, it found that those in the information sector saw growth peak at 7.8% in September 2022.

Persons: Julia Pollak, Allison Shrivastava, Pollak Organizations: Maskot, Workers, Finance, it's, CNBC, U.S . Bureau of Labor Statistics

☆ A riot of colors and religious iconography, this home was designed for apocalyptic times
▼ + stars: | 2024-04-14 | by ( Allison C. Meier | ) edition.cnn.com time to read: +5 min

Calling himself the Prophet Isaiah, Robertson spent years painting elaborate wooden cut-out shapes with symbols, including stars and crosses in a riot of colors, to adorn his home — inside and out. He said it was God moving his hand.”Preserving ‘something magical’Born in Jamaica in 1947, Robertson moved to Canada as a young adult before relocating to Niagara Falls in 2004. Despite having one of the country’s leading tourist destinations, the city of Niagara Falls has experienced a population loss since the 1960s, alongside the economic fallout experienced by many Rust Belt communities. Randy Duchaine/Alamy Stock PhotoAfter Kohler Foundation acquired the site, the art preservation company B.R. In October 2023, the site was gifted to the Niagara Falls National Heritage Area (NFNHA) for its future stewardship.

Persons: Isaiah Robertson, Isaiah, Robertson, “, ”, Fred Scruton, Isaiah’s, Scruton, Liesl Testwuide, God, Randy Duchaine, Christ, Braeden Howard, Sara Capen, Capen Organizations: The Art, CNN, Kohler Foundation, Howard & Associates, Seven Seals, Niagara, Heritage Area Locations: Niagara, Jamaica, Canada, Niagara Falls, Wisconsin, Western, York, Ontario

☆ Is student debt derailing your life plans? Share your story
▼ + stars: | 2024-04-13 | by ( Allison Morrow | ) edition.cnn.com time to read: 1 min

☆ Boeing CEO’s penchant for cost-cutting doesn’t apply to his trips on the company jet
▼ + stars: | 2024-04-12 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

New York CNN —When it comes to building planes, Boeing CEO Dave Calhoun is all about streamlining costs. That oopsie was discovered in an internal review, which was prompted by a Wall Street Journal investigation last year into Boeing executives’ private jet travel, the paper reported Thursday. To be clear: Boeing requires Calhoun, who is stepping down later this year, to use its private jets for business and personal travel for security reasons. But when a CEO uses the company jet for a family vacation, that usually counts as taxable income. Over the last three years, Calhoun racked up $979,000 in personal air travel, according to the company.

Persons: CNN Business ’, Dave Calhoun, Calhoun, thriftiness, Chris Isidore, oopsie, that’s, we’ve, It’s, lavishing Calhoun, teeing, Jon Holden Organizations: CNN Business, New York CNN, Boeing, Wall Street, IRS Locations: New York, Arlington , Virginia, Seattle, America

☆ The Masters: Bubba Watson’s nine-year-old daughter Dakota steals the show at Par 3 contest
▼ + stars: | 2024-04-11 | by ( Jack Bantock | ) edition.cnn.com time to read: +5 min

CNN —Plenty of young golfers have sent crowds into a frenzy at Augusta National across the 88 years of The Masters, but perhaps none quite as young as Dakota Watson. Bubba Watson’s nine-year-old daughter delivered a putting masterclass during the par three contest on the eve of the major on Wednesday, showcasing the sort of golden touch around the greens that helped her father clinch two green jackets. You’ve never seen Dakota until today,” broadcaster Sean McDonough asked co-commentator Curtis Strange on ESPN’s live coverage of the contest. Now that they’re getting older, they can hit shots, we can have fun with it,” 45-year-old Watson, making his 16th Masters start, told reporters. That’s what this is all about.”After a two-and-a-half hour delay due to bad weather, the first round of The Masters got underway on Thursday.

Persons: Dakota Watson, Bubba Watson’s, –, Rickie Fowler, Allison Stokke, Maya, Watson, Charlie Riedel, Ben Crenshaw, “, you’ve, You’ve, Sean McDonough, Curtis Strange, Ben ”, ’, ” Walter Harman, Brian Harman, Mike Blake, Fowler, Sam Snead, Patrick Reed, ” Fowler, we’ll, Adam Cairns, Sepp Straka, Viktor Hovland, Luke List, Lucas Glover, Gary Woodland, Jax lasered, Jax Woodland, Warren Little, Woodland Organizations: CNN, Augusta National, USA, Sports, Reuters Locations: “

☆ Gen Z is full of financial angst despite inheriting a golden labor market
▼ + stars: | 2024-04-10 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

Compared with Millennials, especially, who entered the workforce in the Dark Ages known as the Great Recession, the Gen Z experience is a dream. But Gen Z isn’t having an easy go of it either. Gen Z hasn’t had a chance to get a foot in the door. “Many Gen Zers also indicated their first step in managing behavioral-health challenges was going to TikTok or Reddit for advice,” the report said. It’s hard to blame them: Many in Gen Z had their formative school years blown up by a global pandemic.

Persons: CNN Business ’, Z, Zers —, ” Brendan Duke, they’re, haven’t, ” Duke, “, Z hasn’t, Duke, ‘, ”, Gen Zers, Zers, Gen Z, that’s, that’ll, We’re, X, Charles Schwab Organizations: CNN Business, New York CNN, Boomers, Center for American, Federal Reserve, McKinsey, Bloomberg Locations: New York

☆ Big Tech’s grip on social media is a growing problem
▼ + stars: | 2024-04-09 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

That concentration of digital ownership can create real-world harm, as a recent censorship dispute with Meta lays bare. We don’t know,” Kabas wrote in her recounting of the situation. Meta controls a whole bunch of the social media ecosystem, and that means there aren’t a lot of competitors to keep it honest. Meanwhile, all of media relies on it because content creators have to get in front of readers if they want to survive. We don’t know what happened within Meta to trigger an erroneous block of legitimate news sources last week.

Persons: CNN Business ’, Meta, Marisa Kabas, Kabas, Sherman Smith, Andy Stone, ” Kabas, “, ”, Clay Wirestone Organizations: CNN Business, New York CNN, Facebook, Meta, CNN, Twitter, Free Speech Police Locations: New York, Kansas, Brooklyn, Meta

☆ Why you can, and should, ignore that 9pm email from your boss
▼ + stars: | 2024-04-05 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

Work is part of our identity here in a way that people from other countries find at turns fascinating and pathological. The bill would aim to ensure that people aren’t pinged with work emails, texts or calls outside their established work hours, with notable exceptions for emergencies or scheduling issues. If the boss intrudes on your non-work window three times, you can report them and the state could impose fines starting at $100. No one likes pausing Succession to respond to a 9pm request, but the guilt of ignoring it and wondering whether your boss will be mad at you is also, like, not fun. A historically tight labor market has given workers more leverage to negotiate their pay, hours and working conditions.

Persons: CNN Business ’, they’re, ”, Matt Haney, “ Workers shouldn’t, intrudes, Mike Solana, Ashley Herd, Herd, Haney, FDR, “, there’s, she’s, ” Herd, —, Jeanne Sahadi Organizations: CNN Business, New York CNN, Lawmakers, State Assembly, “ Workers, Nanny, Fund, Pew, Fair Labor, Act Locations: New York, France, California, Australia, Italy, Portugal, Belgium, “ california

☆ Meta is accused of censoring a non-profit newspaper and an independent journalist who criticized the company
▼ + stars: | 2024-04-05 | by ( Allison Morrow | ) edition.cnn.com time to read: +2 min

The controversy began Thursday morning when users noticed that all links to the non-profit newspaper the Kansas Reflector had been flagged as a cybersecurity threat and their posts were removed. About seven hours later, the paper said, most of its links had been restored, save for one — a column that had criticized Facebook and accused it of suppressing posts related to climate change. That seemed suspicious to Marisa Kabas, an independent journalist in New York, who asked the Reflector for permission to publish the text of the column on her own website, the Handbasket. And for about two hours, she said, all of the links to her site were blocked. In a Threads post on Friday, Stone said the blocked links were “due to a security error” that also mistakenly blocked links to The Handbasket and the nonprofit news aggregator site News From The States.

Persons: Meta, Andy Stone, Marisa Kabas, “, ” Kabas, ”, Stone, Stone didn’t, Sherman Smith Organizations: New, New York CNN, Meta, Facebook, Kansas, CNN, The Locations: New York, The States, Kansas

☆ What to expect from the March jobs report
▼ + stars: | 2024-04-04 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +8 min

ET, when the Bureau of Labor Statistics releases its March jobs report. February brought the unemployment rate within spitting distance of 4%, rising to 3.9% from 3.7% in January. What could come from Friday’s jobs reportFebruary’s jobs report came as yet another surprise to economists. For instance, last month January’s job gains were revised down to 229,000 from the blowout 353,000 that kicked off 2024. The unemployment rate went up by half a percentage point from the post-pandemic low of 3.4% last April.

Persons: lockdowns, it’s, Michael Strain, ’, February’s, Andy Challenger, ”, Allison Joyce, Aaron Sojourner, they’ve, Sojourner, Luke Sharrett Organizations: New, New York CNN, Bureau of Labor Statistics, American Enterprise Institute, BLS, Federal, US, Challenger, “, Department of Labor, Bloomberg, . Upjohn Institute, Employment Research, CNN, Federal Reserve, Getty Locations: New York, outplacement

☆ 'Almost impossible': Inside Biden's uphill battle to win the backing of key anti-Trump Republicans
▼ + stars: | 2024-04-04 | by ( Brian Schwartz | ) www.cnbc.com time to read: +9 min

There is already an effort underway by wealthy Biden donors to recruit Haley's bundlers and contributors. The Biden Victory Fund raises money for the Biden campaign, the Democratic National Committee and dozens of state parties. "Everyone, including Republican voters who reject Trump's chaos, division, and violence, has a home in President Biden's campaign," said Munoz, the Biden campaign aide. The ads will feature onetime Trump voters explaining why they decided not to vote for him again. A political action committee called "Haley Voters for Biden" is also trying to persuade Haley voters to support Biden, according to Semafor.

Persons: Joe Biden, Sara Stathas, Donald Trump, Biden, Nikki Haley's, Kevin Munoz, Haley, Trump, Nikki Haley, Allison Joyce Allison Joyce, Liz Cheney, Chris Christie, Cheney, Christie, Biden outraised Trump, Haley's bundlers, Haley bundlers, MAGA, X George Conway, Conway, Biden's, Munoz, Bill Kristol, Reagan, Team Biden, Bill Kristol Michael Brochstein, Mike Madrid, Chris Sununu, Joseph Prezioso Organizations: Hillside Boys, Girls Club, Bloomberg, Getty, Democratic, Republican Party, Republican, CNBC, Former U.S, United, REUTERS, Reuters, Democratic Biden, Trump, Biden, New, New Jersey Gov, Republicans, Democratic National Convention, CNN, Trump Republican, South, GOP, Biden Victory Fund, Fund, Democratic National Committee, Haley Republicans, WI, Team, Against Trump, Trump PAC, Lincoln, UN, New Hampshire, Winnacunnet, School, AFP Locations: Milwaukee , Wisconsin, Charleston , South Carolina, U.S, Wyoming, New Jersey, South Carolina, Madrid, Hampton , New Hampshire

☆ Chasing the eclipse with sounding rockets and high-altitude planes
▼ + stars: | 2024-04-03 | by ( Ashley Strickland | ) edition.cnn.com time to read: +9 min

NASA will launch sounding rockets and WB-57 high-altitude planes to conduct research on aspects of the sun and Earth that‘s only possible during an eclipse. During the 2017 eclipse that crossed the US, NASA and other space agencies conducted observations using 11 different spacecraft and two high-altitude planes. Three sounding rockets will launch from NASA's Wallops Flight Facility on April 8 to study the eclipse. During the 2023 annular eclipse, instruments on the rockets measured sharp, immediate changes in the ionosphere. The jets have custom noses that can carry specialized scientific instruments.

Persons: Bill Stafford, Albert Einstein’s, Einstein, Sir Arthur Eddington, Allison Stancil, Barjatya, ” Barjatya, Peter Layshock, Amir Caspi, Layshock, ” Caspi Organizations: CNN, NASA, International Space, Embry, Riddle Aeronautical University, WB, NASA Airborne Science, Johnson Space Center, Southwest Research Locations: Mexico, United States, Canada, Brazil, West Africa, Virginia, Daytona Beach , Florida, Houston, Boulder , Colorado

☆ Disney trounces activist shareholders in a major win for Bob Iger
▼ + stars: | 2024-04-03 | by ( Allison Morrow | Hadas Gold | ) edition.cnn.com time to read: +5 min

New York CNN —Disney won a hard-fought proxy battle against a group of activist investors who sought to secure seats on the company’s board of directors. Disney’s board triumphed by what the company called “a substantial margin” over the nominees put forward by Trian Fund Management and Blackwells Capital at its annual shareholder meeting. Iger didn’t just beat Trian’s Nelson Peltz, but trounced him, according to a person familiar with the vote count. Jay Rasulo, the former Disney finance chief who joined Peltz’s attempt, also lost by a wide margin, the person said. Retail shareholders, which hold roughly 35% of Disney stock, also voted overwhelmingly – 75% – for Disney’s candidates.

Persons: New York CNN — Disney, Bob Iger, Disney’s, —, Trian, didn’t, Trian’s Nelson Peltz, Jay Rasulo, Peltz’s, Peltz, ”, ” Iger, ” Peltz, Iger, CNN’s Oliver Darcy, Samantha Delouya, Oliver Darcy Organizations: New, New York CNN, Trian Fund Management, Blackwells, Disney, Retail, Financial Times, Republicans, Marvel, CNBC, Trian Partners Locations: New York, refocusing, Trian

☆ Why ‘dynamic’ pricing feels like such a scam
▼ + stars: | 2024-04-03 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

These are surge pricing tactics so ingrained in our consumer experience, we hardly notice or care. Wendy’s last month ended up walking back comments about its dynamic pricing plans after consumers were outraged at the notion of a dinner rush making your burger more expensive. So why does surge pricing feel like such a scam? Bertini, who advises companies on dynamic pricing models, says the problem is how badly some businesses bungle the rollout. You have to explain to customers that dynamic pricing means that, over the long run, they’re getting something out of it, too.

Persons: CNN Business ’, It’s, that’s, Wendy’s, Jordan Valinsky, Marco Bertini, ” Bertini, we’ve, it’s, Bertini, ”, you’re, “ Organizations: CNN Business, New York CNN, JetBlue, Amazon Locations: New York, Wendy’s, Barcelona

☆ How Trump managed to lose $1 billion in net worth in a single day
▼ + stars: | 2024-04-02 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

That’s kinda what happened for investors in Trump Media & Technology Group, the troubled owner of Truth Social, on Monday. Even with Monday’s stumble, the stock is still up about 200% over the past six months, giving it a $6.6 billion valuation that defies logic. Trump Media, aka TMTG, generated just $4.1 million in revenue last year. But if history repeats, or even echoes, with Trump Media, investors may want to buckle up. Bottom line: Monday’s slump is hardly game over for Trump and his social media company.

Persons: CNN Business ’, Wile, Coyote, Monday’s, Matt Egan, It’s, ” Axios, Dan Primack, “, Donald Trump, David, dusts Organizations: CNN Business, New York CNN, Trump Media & Technology Group, Truth, Trump Media, GameStop, Trump Locations: New York, selloff

☆ April will bring severe storms, snow and flooding as a wide-reaching storm crosses the US
▼ + stars: | 2024-03-30 | by ( Allison Chinchar | ) edition.cnn.com time to read: +3 min

A multi-day system will slide across much of the country and bring the potential for tornadoes, large hail, flooding and even snow. Snow and freezing rain will fall to the north, while heavy rain and severe thunderstorms unfold on the warmer side of the system. By Tuesday, the severe threat shifts east into an area from northern Mississippi to southern Pennsylvania. One of the elements fueling the severe threat is the clash of cold air behind the system with the warm air out ahead. Baton Rouge, Louisiana, along with Corpus Christi and Del Rio, Texas, could see record high temperatures on Monday.

Persons: Nature, Snow Organizations: CNN, Central US, Storm Prediction Center, Corpus Christi, CNN Weather Rapid Locations: Texas, Ohio, Mississippi, Pennsylvania, Missouri, Southern, Baton Rouge , Louisiana, Del Rio , Texas, Laredo , Texas, Upper Midwest, CNN Weather Rapid City , South Dakota, Minneapolis, White, Adirondack, Midwest

☆ Francis Scott Key Bridge collapse reverberates around the world
▼ + stars: | 2024-03-29 | by ( Ray Sanchez | ) edition.cnn.com time to read: +16 min

StreamTimeLive StreamTimeLive StreamTimeLiveAround the same time, numerous audible alarms were recorded on the ship’s bridge audio. The Dali container vessel after striking the Francis Scott Key Bridge. “Once you get here, I’ll go grab the workers on the Key Bridge and then stop the outer loop,” an officer said. When the Key Bridge was built decades ago, container ships were a fraction of the size and weight they are today. Miguel Luna, a native of El Salvador, was also working on the Key Bridge.

Persons: Francis Scott Key, ”, Jayme Krause, Nick Mosby, “ I’ve, Andy Middleton, Middleton, Dali, Marcel Muise, Scott Cowan, Baltimore –, Clay Diamond, Muise, Wes Moore, Diamond, ” Diamond, Al Drago, we’ve, “, Cowan, Jim Watson, Starr Smith, ’ ” Smith, Smith, ” Smith, ” John Zimmerman, They’re ‘, Maynor Yassir Suazo Sandoval, Miguel Luna, Dorlian Castillo Cabrera, Pima Castillo, Alejandro Hernandez Fuentes, Castillo, Alejandro Hernandez, Carlos Hernandez, Carlos Hernandez’s, Jazmin Alvarez, Hernández, Isabel Franco, Jose Mynor Lopez, Franco, Lilly Ordonez, Lopez, ” Rafael Laveaga, Holly Yan, Maria Santana, Melissa Alonso, Allison Gordon, Emma Tucker, Tina Burnside, Alex Stambaugh, Abel Alvarado, Aditi Sangal, Danny Freeman, Caroll Alvarado, Amy Simonson, Mary Kay Mallonee, Yahya Abou, Sabrina Souza, AnneClaire Stapleton, Antoinette Radford, Dakin Andone, Curt Devine, Casey Tolan, Isabelle Chapman, Elizabeth Wolfe, Lauren Mascarenhas, Elise Hammond, Gloria Pazmino, Alex Medeiros Organizations: CNN, Evening Sun, Bethlehem Steel, Eiffel, American, Maryland State Police, Sea Catholic, Walmart, National Transportation Safety, Chesapeake Bay, Longshoremen’s Association, Maryland Transportation Authority, American Pilots Association, ”, ” Maryland Gov, Bloomberg, Getty Images Transportation Authority, US Coast Guard, “ Dispatch, Police, Getty, Maryland, CASA, Brawner Builders, Univision, Authorities, Mexican Embassy Locations: Maryland, Fort McHenry, Sparrows Point, Baltimore, Patapsco, Port of Baltimore, India, Singapore, Baltimoreans, Sri Lanka, South Africa, Yemen, Red, Dali, MarineTraffic, ” Maryland, There’s, AFP, Middleton, Honduras, El Salvador, Mexico, Guatemala, Santa Bárbara, America, Dundalk, he’s, Mexican, Michoacan, Washington’s

☆ Sam Bankman-Fried sentenced to 25 years in federal prison
▼ + stars: | 2024-03-28 | by ( Lauren Del Valle | Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —Sam Bankman-Fried has been sentenced to 25 years in federal prison for defrauding customers and investors in his failed crypto exchange FTX, a Manhattan court ruled Thursday. In this courtroom sketch, Sam Bankman-Fried, second from right, stands while making a statement during his sentencing in Manhattan federal court on March 28, 2024. There is no parole in federal cases, but Bankman-Fried may still be able to shave years off his term. Since 2018, however, nonviolent federal inmates can reduce their sentence by as much as 50% under prison reform legislation known as the First Step Act. In addition to the prison sentence, Kaplan also ordered a forfeiture of $11.02 billion.

Persons: Sam Bankman, Fried, Lewis Kaplan, it’s, ” Kaplan, Fried “, Bernard Madoff, Elizabeth Holmes, Elizabeth Williams, ” Mitchell Epner, Epner, ” Epner, Jordan Estes, Kramer Levin, “, ” Estes, Kaplan, Joe Bankman, Barbara Fried, ” Organizations: New, New York CNN, CNN, Federal, of Prisons Locations: New York, Manhattan, San Francisco

☆ Trump Media is a risky bet, whether you love it or hate it
▼ + stars: | 2024-03-28 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

Those who have already swallowed the high borrowing costs to short Trump Media are getting hosed. But if the stock price keeps going up, there’s no limit to the amount you’d have to pay to replace the borrowed shares. “But…long shareholders have a much different and much more positive view” on Trump Media. Bottom line: Trump Media, trading under the ticker DJT, is a classic meme stock (if “classic” can apply to a three-year-old concept). Whether you’re going short or long, “think of that as you’re making a political statement,” said Laurence White, an economics professor at New York University’s Stern School of Business.

Persons: CNN Business ’, New York CNN —, Donald Trump’s, it’s, ”, Ihor Dusaniwsky, Trump, you’re, Laurence White, University’s Organizations: CNN Business, New York CNN, New York CNN — Trump, Trump Media, S3 Partners, GameStop, AMC, University’s Stern School of Business Locations: New York, New

☆ China's Xi tells U.S. CEOs that bilateral relations can have a 'brighter future'
▼ + stars: | 2024-03-28 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

China's President Xi Jinping speaks at an event held by the National Committee on US-China Relations and the US-China Business Council on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Leaders' Week in San Francisco, California, on November 15, 2023. Carlos Barria | Afp | Getty ImagesBEIJING — Chinese President Xi Jinping told U.S. executives on Wednesday that bilateral relations can improve, and pledged that Beijing would keep working to improve the business environment. In the Chinese side's readout, Xi described China's economy as "sound and sustainable," and pushed back on some forecasts that the country would soon "peak." The National Committee on U.S.-China Relations did not provide a statement. "I commend [Xi's] personal engagement in the U.S.-China relationship, including a meeting like this.

Persons: Xi Jinping, Carlos Barria, Stephen Schwarzman, Cristiano Amon, Evan G, Greenberg, Harvard's John F, Dean Graham Allison, Craig Allen, Xi, Wang Yi, Zheng Shanjie, Commerce Wang Wentao, Rajesh Subramaniam, Chubb Organizations: National Committee, China Relations, China Business Council, Economic Cooperation, APEC, Afp, Getty, U.S, China -, Blackstone, Qualcomm, Kennedy School of Government, U.S ., China Business, Authorities, National Development, Commerce, FedEx, CNBC, Committee Locations: Asia, San Francisco , California, BEIJING, Beijing, China, United States, U.S

☆ 4 takeaways from Sam Bankman-Fried’s sentencing
▼ + stars: | 2024-03-28 | by ( Allison Morrow | Lauren Del Valle | ) edition.cnn.com time to read: +3 min

25 years … with caveatsBankman-Fried’s 25-year sentence is about half of the 40 to 50 years prosecutors had sought. Judge Kaplan said he weighed a number of factors, including the brazenness of the crimes and Bankman-Fried’s potential to commit crimes in the future. “It haunts me every day.”Judge Kaplan appeared unmoved by parts of Bankman-Fried’s apology about customers being hurt. FTX victims are waitingJudge Kaplan roundly rejected Bankman-Fried’s argument that there was no loss to former customers of FTX because the bankruptcy estate indicated those victims are poised to recoup most of their funds. To say that FTX customers and creditors will be paid in full “is misleading, it is logically flawed, it is speculative,” Kaplan said.

Persons: Sam Bankman, Fried, Judge Lewis Kaplan, Judge Kaplan, ” Kaplan, ” Mitchell Epner, Gary Wang, Caroline Ellison, ”, ” Judge Kaplan, Kaplan, “, ” Epner, FTX, John J, Ray III, Ray Organizations: New, New York CNN, Prisons, CNN, Enron Locations: New York, San Francisco, Bankman, ”

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