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☆ Kenyan President Ruto withdraws controversial finance bill following violent protests
▼ + stars: | 2024-06-26 | by ( Lauren Kent | Stephanie Busari | ) edition.cnn.com time to read: +1 min

CNN —Kenyan President William Ruto said Wednesday that he will not sign a controversial finance bill that had sparked deadly protests in the country and left at least six people dead. “Having reflected on the continuing conversation regarding the content of the finance bill 2024, and listening keenly to the people of Kenya who have said loudly that they want nothing to do with this Finance Bill 2024, I concede, and therefore I will not sign the 2024 finance bill,” Ruto said during a television address Wednesday. But the concessions were not enough to quell protests amid the rising cost of living. On Tuesday they turned deadly when security forces fired teargas and live ammunition at protesters. “I send my condolences to the families of those who lost their loved ones in this very unfortunate manner,” Ruto added.

Persons: William Ruto, ” Ruto, “, teargas, Ruto Organizations: CNN, Kenyan Locations: Kenya

☆ Mark Rutte: Dutch PM to become next NATO secretary-general
▼ + stars: | 2024-06-26 | by ( Stephanie Halasz | ) edition.cnn.com time to read: 1 min

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Vehicles parked at Kenya’s Supreme Court have been set on fire, CNN’s affiliate Citizen TV Kenya reported Tuesday. The Supreme Court building is close to Nairobi’s City Hall, which was set on fire Tuesday. Meanwhile, the dining area of the Kenyan Parliament is in disarray after protesters entered the premises Tuesday, video by CNN affiliate NTV shows. According to NTV, some members of parliament were having lunch in the dining area when protesters entered the parliament. A television in a room leading from the dining area was smashed, and flags were seen on the floor elsewhere in the parliament.

Organizations: CNN’s, Citizen TV Kenya, City, Kenyan, CNN, NTV

☆ Kenya braced for more anti-tax protests as citizens call for ‘total shutdown’
▼ + stars: | 2024-06-25 | by ( Larry Madowo | Stephanie Busari | ) edition.cnn.com time to read: +1 min

CNN —Kenya is in the grip of nationwide protests against proposed tax hikes, culminating in a planned “total shutdown” of the country on Tuesday. The demonstrations, sparked by the Finance Bill 2024, have seen citizens rally under the banner of “7 Days of Rage,” as the nation faces more days of upheaval. President William Ruto has said he wants to have dialogue with the protesters and that he is “proud” of them. Amnesty International Kenya says it is investigating the whereabouts of up to 12 people who were “abducted in the middle of night” ahead of Tuesday’s planned protests. The list includes bloggers, content creators, human rights defenders, a doctor, and a parliamentary staffer, Amnesty Kenya executive director Irũngũ Houghton told CNN.

Persons: William Ruto, Tuesday’s, Irũngũ Houghton, Joe Biden, ”, Biden, Ruto Organizations: CNN —, Finance, CNN, Kenyan, NATO, White Locations: CNN — Kenya, Kenya

☆ Nvidia slides 13% in three days after briefly becoming most valuable company
▼ + stars: | 2024-06-24 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Since briefly becoming the world's most valuable company last week, Nvidia has dropped for three consecutive trading days and is now down 13% from its peak. Nvidia's decline brought with it a slide in chipmakers and other tech companies that have been tied to the artificial intelligence boom. Super Micro Computer , which sells servers packed with Nvidia's AI chips, slid 8.7 percent, and Dell , which competes in that market, fell 5.2%. Last week, it topped Apple and Microsoft as the most valuable U.S. company with a market capitalization over $3 trillion before giving up some of those gains. Later this year, Nvidia will start shipping its next-generation AI chips, called Blackwell, that some analysts say could kick off another cycle with significant growth for the chipmaker and its partners.

Persons: it's, Stephanie Link, Blackwell, Ray Wang Organizations: Nvidia, Micro Computer, Dell, Qualcomm, Broadcom, Apple, Microsoft, CNBC, Google, Oracle, Meta, Constellation Research Locations: U.S

☆ Our contributors rewatched the 2020 Biden-Trump debates for clues. Here’s what they predict will happen Thursday
▼ + stars: | 2024-06-24 | by ( Cnn Opinion | ) edition.cnn.com time to read: +27 min

Kate Bedingfield served as White House communications director in the Biden administration and was the deputy campaign manager on Biden’s 2020 presidential campaign. That contentious exchange during the 2020 debate put Biden on the defensive. A President Trump might make their decisions about retirement that much easier. David Urban, a CNN political commentator, served as an adviser to then-President Trump’s 2020 re-election campaign. On Thursday, President Biden needs to do it again.

Persons: isn’t, Joe Biden’s, Donald Trump’s, —, Stephanie Griffith, Scott Jennings, Trump, Donald Trump, Joe Biden, Biden, counterpunched Biden, CNN Trump masterfully, ” Scott Jennings Trump, mightily, George W, Bush, Sen, Mitch McConnell, Sophia A, Nelson Stephanie Honikel, Chris Wallace, Wallace, Trump’s, it’s, Nelson, It’s, Kate Bedingfield, Donald Trump Kate Bedingfield, Shermichael Singleton, Bill Clinton’s, James Carville, “, Democratic Barack Obama, they're, aren’t, “ It’s, David Axelrod, people’s, ” Biden, jibing Trump, ”, Barack Obama, Obama, David Urban, Amy Coney Barrett, Amy Coney Barrett's, Roe, Wade, Ronald Reagan, Bill Clinton, Reagan, Clinton, ” David Urban, Dobbs, Lady Jill Biden, Samuel Alito, Clarence Thomas, Bakari Sellers, Abraham Lincoln, chokeholds, Emmett Till, HBCUs ? Biden, Hilary Krieger Organizations: CNN, White, Biden, Scott Jennings CNN, Trump, Democratic, Republican, RunSwitch Public Relations, Capitol, GOP, Republican Government Reform, White House, NBC, Marist, Fox News, Global, Senate, United, Appeals, Federalist Society, American, United State Supreme Court, National Guard, South Carolina House of, Strom Law, CNN Opinion’s Locations: Cleveland , Ohio, Nashville , Tennessee, New York, Louisville , Kentucky, Charlottesville , Virginia, “, White, Charlottesville, Michigan, Scranton, Claymont, America, United States, Pennsylvania, HBCUs

☆ VMware is a 'game changer' for Broadcom, says Hightower's Stephanie Link
▼ + stars: | 2024-06-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVMware is a 'game changer' for Broadcom, says Hightower's Stephanie LinkStephanie Link, Hightower Advisors chief investment strategist, joins 'Power Lunch' to discuss markets, the economy and the Fed.

Persons: Stephanie Link Stephanie Link, Hightower Organizations: VMware, Broadcom, Hightower Advisors

☆ ‘It’s All Happening Again.’ The Supply Chain Is Under Strain.
▼ + stars: | 2024-06-24 | by ( Peter S. Goodman | ) www.nytimes.com time to read: +1 min

Stephanie Loomis had hoped that the chaos besieging the global supply chain was subsiding. The multiplying costs of moving freight. Over the last few months, she has watched cargo prices soar as a series of disturbances have roiled the seas. That prompted ships to avoid the waterway, instead moving the long way around Africa, lengthening their journeys by as much as two weeks. Then, a severe drought in Central America dropped water levels in the Panama Canal, forcing authorities to limit the number of ships passing through that crucial conduit for international trade.

Persons: Stephanie Loomis, Loomis, Houthi Organizations: Americas, Rhenus Logistics Locations: Germany, Yemen, Suez, Asia, Europe, East Coast, United States, Africa, Central America, Panama

☆ The sneaky, smart reasons malls have no windows
▼ + stars: | 2024-06-22 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +8 min

The birth of the American mall ushered in an era of “windowless” shopping that’s largely still here. But the sneakiest reason why malls limit windows could be to make shoppers lose track of time. Windowless shopping creates an environment of consumption without distractions,” Flickinger said. The Southdale mall was functional and drab to look at and that is the blueprint that all traditional enclosed malls have continued to follow. Some of these adaptive uses of traditional malls might be creating a practical need for windows after all, she said.

Persons: mallgoers, Burt Flickinger, Bill Peters, ” Flickinger, “, Victor Gruen, Gruen, Larry Salzman, Stephanie Cegielski, ”, Cegielski, ” Alexandra Lange, Lange, Thomas McMillan, ” Lange, Kristin Mueller, Kena Betancur Organizations: New, New York CNN, Strategic Resource Group, CNN, Shoppers, Denver, Getty, Denver Post, ”, Southdale, Minneapolis –, Gruen Associates, International Council of Shopping Centers, “, Sears, Roebuck, of Retailing Studies, Texas, Mays Business School, Energy, Customers, North Locations: New York, Northglenn, Northglenn , Colorado, Minneapolis, Austria, Los Angeles, Edina , Minneapolis, ”, Framingham , Massachusetts, United States, America, American, East Rutherford , New Jersey, North America

☆ Americans' spending patterns are flashing a warning of a possible consumer-led recession
▼ + stars: | 2024-06-22 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

Read previewAmerica's stimulus-fueled shopping spree looks just about over — and lower spending could be a signal that a consumer-led downturn is on the horizon, economic experts say. Retail spending ticked 0.1% higher in May, but sales volume has dropped 1.3% year-over-year over the last three months, US Census data shows. That adds to a 4% decline in retail sales in the first quarter — and it's a strong sign the long-awaited consumer recession is on the horizon, economist David Rosenberg said recently. "Early signs of a consumer recession finally coming to the fore." AdvertisementThe US has 52% chance of slipping into recession by May of next year, according to projections from the New York Fed.

Persons: —, David Rosenberg, Stephanie Pomboy, Ian Shepherdson Organizations: Service, Business, McKinsey, Deutsche Bank, Consumer, Federal Reserve, New York Fed, Pantheon Macroeconomics

☆ Nvidia got 'overloved' very quickly, says Hightower's Stephanie Link
▼ + stars: | 2024-06-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia got 'overloved' very quickly, says Hightower's Stephanie LinkCIC Wealth's Malcolm Ethridge, Requisite's Bryn Talkington, and Hightower's Stephanie Link join 'Closing Bell' to discuss markets, Nvidia, and other opportunities in tech.

Persons: Stephanie Link, Malcolm Ethridge, Requisite's Bryn Talkington Organizations: Nvidia

☆ Watch CNBC’s full interview with CIC Wealth's Malcolm Ethridge, Requisite’s Bryn Talkington and Hightower’s Stephanie Link
▼ + stars: | 2024-06-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with CIC Wealth's Malcolm Ethridge, Requisite’s Bryn Talkington and Hightower’s Stephanie LinkCIC Wealth's Malcolm Ethridge, Requisite's Bryn Talkington, and Hightower's Stephanie Link join 'Closing Bell' to discuss markets, Nvidia, and other opportunities in tech.

Persons: Malcolm Ethridge, Requisite’s Bryn, Stephanie Link, Requisite's Bryn Talkington Organizations: Nvidia

☆ New Drug Provides Total Protection From H.I.V. in Trial of Young African Women
▼ + stars: | 2024-06-21 | by ( Stephanie Nolen | ) www.nytimes.com time to read: +1 min

Researchers and activists in the trenches of the long fight against H.I.V. got a rare piece of exciting news this week: Results from a large clinical trial in Africa showed that a twice-yearly injection of a new antiviral drug gave young women total protection from the virus. “I got cold shivers,” said Dr. Linda-Gail Bekker, an investigator in the trial of the drug, lenacaprivir, describing the startling sight of a line of zeros in the data column for new infections. and AIDS in South Africa, said it was “the best news ever.”The randomized controlled trial, called Purpose 1, was conducted in Uganda and South Africa. It tested whether the every-six-months injection of lenacaprivir, made by Gilead Sciences, would provide better protection against H.I.V.

Persons: ”, Linda, Gail Bekker, ” Yvette Raphael Organizations: H.I.V, Gilead Sciences Locations: Africa, South Africa, Uganda

CNN —Violent clashes between police and protestors have broken out in Nairobi, Kenya on Thursday as a government vote on a controversial finance bill gets underway. Parliament has been sealed off since Thursday morning with roads around it blocked as lawmakers debate the Finance Bill inside. Police are breaking up peaceful protesters with tear gas and water cannons around the city center in Nairobi. Festo Lang/CNNCNN has met protesters as young as 18 who say they’re fighting for their future. Look at the tears of the women in the country of Kenya,” one young man told CNN’s Larry Madowo.

Persons: Anger, Festo Lang, Ruto, ”, CNN’s Larry Madowo, Young Organizations: CNN, Police, CNN CNN Locations: Nairobi, Kenya, East

☆ 15 things to watch to educate yourself about systemic racism
▼ + stars: | 2024-06-20 | by ( Gabbi Shaw | ) www.businessinsider.com time to read: +1 min

In 2018's "The Hate U Give," high school student Starr finds her voice as an activist after her friend is shot by a police officer in front of her. "Now, facing pressure from all sides of the community, Starr must find her voice and stand up for what's right," IMDb writes. "It's so gripping to watch — as well as being, in places, just delightfully funny — that you never feel you're being preached to. It picks you up in one place and sets you down in another," wrote Stephanie Zacharek of Time. Our story is a reminder to never be afraid to raise our voice in the name of justice.

Persons: Starr, Angie Thomas, Khalil, Stephanie Zacharek, George Tillman Jr, George Floyd, Tillman Organizations: Fox Locations: Minneapolis

☆ Why some scientists think extreme heat could be behind people disappearing in Greece
▼ + stars: | 2024-06-19 | by ( Laura Paddison | ) edition.cnn.com time to read: +7 min

The following day, the body of an American tourist was found on Mathraki, a small island west of Corfu. As climate change fuels longer and more severe heat waves, scientists are trying to unravel how our brains will cope. But as heat increases, it can have serious effects, including lowering the fluids in the body and decreasing blood flow to the brain, Bailey said. Extreme heat can disrupt typical brain activity, said Kim Meidenbauer, a neuroscientist at Washington State University. Someone who is very fit understands the dangers and carries plenty of water is still gambling if they decide to go on a hike in very high temperatures, Bailey said.

Persons: Michael Mosley, Albert Calibet, ” Petros Vassilakis, ”, Damian Bailey, Bailey, ” Bailey, Jeff Nerby, Mike De Sisti, Kim Meidenbauer, “ You’re, “, ” Meidenbauer, don’t, Jose Guillermo Cedeño Laurent, Ethan Hickman, Jeff Roberson, Stephanie Halasz, Issy Ronald Organizations: CNN, Reuters, University of South, It’s, Milwaukee Journal Sentinel, USA, Network, Washington State University, Rutgers School of Public Health Locations: Symi, Greece, Samos, American, Corfu, University of South Wales, Crete, Milwaukee , Wisconsin, Boston, Weldon Spring , Missouri

☆ Camping at a luxury Dubai oasis
▼ + stars: | 2024-06-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCamping at a luxury Dubai oasisNara and Sonara offer an escape from Dubai as a luxury resort in the middle of the desert. Founder Stephanie Reichenbach reveals what visitors can expect.

Persons: Stephanie Reichenbach Locations: Dubai, Nara

☆ Louisiana classrooms now required by law to display the Ten Commandments
▼ + stars: | 2024-06-19 | by ( Stephanie Gallman | Dianne Gallagher | ) edition.cnn.com time to read: +3 min

CNN —Louisiana public schools are now required to display the Ten Commandments in all classrooms, after Republican Gov. Before signing the bill, Landry called it “one of (his) favorites.”“If you want to respect the rule of law, you gotta start from the original law given which was Moses. Politicians have no business imposing their preferred religious doctrine on students and families in public schools,” the groups said in a joint statement. The Supreme Court ruled that the coach’s prayers amounted to private speech, protected by the First Amendment, and could not be restricted by the school district. At the time, the court clarified that a government entity does not necessarily violate the establishment clause by permitting religious expression in public.

Persons: Jeff Landry, Bill, Landry, ”, Moses, …, ” Landry, ” “, Dodie Horton, “, ” Horton Organizations: CNN, Republican Gov, American Civil Liberties Union, American Civil Liberties Union of, Americans United, Separation, Church and State, Religion Foundation, Bremerton School District, Republican, Democratic Locations: Louisiana, American Civil Liberties Union of Louisiana, Church, Kennedy v

☆ South Africa Runs Out of Insulin Pens as Global Supply Shifts to Weight-Loss Drugs
▼ + stars: | 2024-06-19 | by ( Stephanie Nolen | ) www.nytimes.com time to read: +1 min

South Africa’s public health care system has run out of the human insulin pens that it provides to people with diabetes, as the pharmaceutical industry shifts production priorities to blockbuster weight-loss drugs that use a similar device for delivery. Novo Nordisk, the company that has supplied South Africa with human insulin in pens for a decade, opted not to renew its contract, which expired last month. No other company has bid on the contract — to supply 14 million pens for the next three years, at about $2 per pen. Novo Nordisk’s drugs Ozempic and Wegovy, which are widely prescribed in the U.S. for weight loss, are sold in single-use pens produced by many of the same contracted manufacturers who make the multidose insulin pens. A month’s supply of Ozempic in the United States costs about $1,000, far more than insulin.

Persons: ”, Ambre James, Brown Organizations: Novo Nordisk Locations: South Africa, U.S, Ozempic, United States

☆ Fisker files for bankruptcy protection in wave of EV startups, moment of déjà vu for its founder
▼ + stars: | 2024-06-18 | by ( Michael Wayland | ) www.cnbc.com time to read: +6 min

Henrik Fisker stands with the Fisker Ocean electric vehicle after its unveiling at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA in Manhattan Beach, California. The new filing comes after the Fisker company failed to secure an investment from a big automaker to keep afloat. The automaker, unlike most of its peers, contracted a third-party manufacturer to build the Fisker Ocean crossover. Déjà vuFor Henrik Fisker, a renowned automotive designer credited with designing the BMW Z8 and Aston Martin DB9, it's déjà vu. His first namesake company – Fisker Automotive – filed for bankruptcy protection in 2013, shortly after he left the company.

Persons: Henrik Fisker, Patrick T, Fallon, Fisker, Nikola, Faraday, It's, Henrik Fisker's, Tesla, Sam Abuelsamid, Magna, Abuelsamid, Geeta Gupta, Gupta, Stephanie Valdez Streaty, Aston Martin, – Organizations: Manhattan, Los Angeles Auto, AFP, Getty, Lordstown Motors, Guidehouse, Software, U.S, Canadian, Apple, Adobe, SAP America, Manpower, Systems, CNBC, Cox Automotive, Fisker, Inc, BMW Z8, Aston, Aston Martin DB9, China's Wanxiang Locations: Manhattan Beach , California, EVs, U.S, North America, Europe

☆ Trade Tracker: Stephanie Link buys more SLB
▼ + stars: | 2024-06-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrade Tracker: Stephanie Link buys more SLBStephanie Link, CIO at Hightower, joins CNBC's "Halftime Report" to explain why she's buying more SLB.

Persons: Stephanie Link, Hightower

☆ Several of Boeing's candidates for CEO have turned it down, report says
▼ + stars: | 2024-06-18 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

Boeing is struggling to find a new CEO as Dave Calhoun departs at the end of the year, per the WSJ. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBoeing is struggling to find a new CEO, per a Monday report from The Wall Street Journal. People familiar with the discussions told the Journal that Larry Culp, the CEO of General Electric, turned down Boeing's request that he consider the role. This story is available exclusively to Business Insider subscribers.

Persons: Dave Calhoun, Larry Culp, David Gitlin, Stephanie Pope, — Organizations: Boeing, GE, Carrier, Service, Wall Street, Alaska Airlines, General Electric, Business

While she is not a member of the LGBTQ+ community, Gamblin said, she is an ally. Aldrich had expressed an open hatred for the LGBTQ+ community and had indicated an interest in mass shootings before, the document said. Some patrons hid or played dead as Aldrich moved though the club, shooting indiscriminately. Anderson Lee Aldrich, center, sits during a court appearance in Colorado Springs in November 2022. The shooter agreed in January to plead guilty to federal charges stemming from the Club Q shooting.

Persons: Anderson Lee, Aldrich, Charlotte Sweeney, Sweeney, ”, “, ” Ashtin Gamblin, Gamblin, Daniel Aston, Derrick Rump, Ashley Paugh, Kelly Loving, Raymond Green Vance, Aldrich –, Stephanie Clark, Paugh’s, ” Clark, ” Wyatt Kent, ” Kent, ” Aldrich, Anderson Lee Aldrich, Anderson Lee Aldrich’s Organizations: Denver CNN, Prosecutors, US Department of Justice, Pride, Q, Justice Department, Court, Colorado Springs, CNN Locations: Colorado, Wyoming, Colorado Springs, El Paso County, Orlando , Florida, Aurora

☆ Expect a broadening out in markets once earnings come about, says Hightower's Stephanie Link
▼ + stars: | 2024-06-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect a broadening out in markets once earnings come about, says Hightower's Stephanie LinkStephanie Link, Hightower Advisors chief investment strategist and portfolio manager, joins 'Squawk Box' to discuss the latest market trends, state of the economy, and more.

Persons: Stephanie Link Stephanie Link, Hightower Organizations: Hightower Advisors

☆ ESG investing shifts to focus on sustainable drivers for structural growth, portfolio manager says
▼ + stars: | 2024-06-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailESG investing shifts to focus on sustainable drivers for structural growth, portfolio manager saysStephanie Niven, portfolio manager at Ninety One, says ESG investing is moving to focus on the search for companies that are incorporating non-financial data and sustainable drivers for structural growth.

Persons: Stephanie Niven Organizations: Ninety

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