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☆ Elon Musk: CEOs flock to China as risks to trade and investment rise
▼ + stars: | 2023-05-31 | by ( Michelle Toh | ) edition.cnn.com time to read: +8 min

To drum up business, Chinese leaders have urged foreign companies to invest more in the country, promising them an open and level playing field. “The interests of the United States and China are intertwined like conjoined twins,” he was quoted as saying by the foreign ministry. Over time, “there will be less trade” between China and the United States, Dimon predicted. The move was seen as retaliation for restrictions the United States has imposed on Chinese chipmakers. The interests of the United States and China are intertwined like conjoined twins.

Persons: Elon, Laxman, Jamie Dimon, Qin Gang, Tesla, Elon Musk, Musk, ”, Warren Buffett, Dimon’s, Dimon, That’s, Bain, “ who’s, ” Michael Hart, Ben Cavender, Nick Marro, Tim Cook, Cook, Marro, ‘, ” —, Sophie Jeong, Martha Zhou Organizations: Hong Kong CNN, Tesla, Starbucks, JPMorgan, Apple, Samsung, Aramco, Volkswagen, HSBC, Standard Chartered, Foreign, China's Ministry of Foreign Affairs, Reuters, China’s Foreign, Shanghai’s Communist Party, Bloomberg, Group, American Chamber of Commerce, CNN, British, of Commerce, China Market Research Group, US, Micron, Economist Intelligence Unit, “ Companies, China Development Forum Locations: Hong Kong, China, Beijing, United States, Shanghai, Taiwan, Washington, New York, American, Xinjiang

☆ This startup wants to curb fast fashion by helping you rent out your closet
▼ + stars: | 2023-05-31 | by ( Cait Freda | In Caitfreda | ) www.cnbc.com time to read: +7 min

By Rotation, a U.K.-based clothing rental app, hopes to eliminate the need for fast fashion by making peer-to-peer clothing rental mainstream in the United States. Individual users decide if they are willing to ship their items to users in other states. Despite the expected growth, online fashion rental and resale has proven to be a difficult business, especially on Wall Street. As the app grows, the startup is taking steps to ensure renters are trustworthy and lenders' items are protected from damage. "I wanted to wear nice clothes on my holiday and I thought about renting but there was no sort of digital fashion rental player here in the U.K. or even Europe," she said.

Persons: Eshita Kabra, Davies, Uber, we've, Kabra, Randi Wood, Wood, Martha Petrocheilos, Esther Gross, Ester Gross Organizations: Research, European Environment Agency, Marathon Asset Management Locations: U.K, United States, New York City, U.S, London, Los Angeles, Mexico, Rajasthan, India, Europe, Africa, Asia, New York

☆ 401(k) Hardship Withdrawals Tick Up as Inflation Stays High
▼ + stars: | 2023-05-27 | by ( Martha C. White | ) www.nytimes.com time to read: +2 min

As much as his retirement accounts have functioned as circuit breakers to reset his debts, he’s relieved that he doesn’t have the option of withdrawing his pension contributions. Two large retirement plan administrators, Fidelity and Vanguard, have observed increases in hardship withdrawals, which may be taken only if there is “an immediate and heavy financial need,” according to the Internal Revenue Service. Fidelity found that 2.4 percent of 22 million people with retirement accounts in its system took hardship withdrawals in the final quarter of 2022, up half a percentage point from a year earlier. A similar analysis by Vanguard found that 2.8 percent of five million people with retirement accounts made a hardship withdrawal last year, up from 2.1 percent a year earlier. In the first three months of 2023, Bank of America found that the number of people taking hardship withdrawals jumped 33 percent from the same period a year earlier, with workers taking out an average of $5,100 each.

☆ Should You Lock in Today’s CD Rates?
▼ + stars: | 2023-05-25 | by ( ) www.wsj.com time to read: +8 min

Buying a long-term CD means you could lock in today’s generous rates for years to come. Today top CD rates on three- to five-year CDs are 4% to 5%, the highest they have been since the mid 2000s. Deciding when to lock in CD rates is always a balancing act—and even more so in today’s climate of high economic uncertainty. Second, they let you lock prevailing interest rates, so if rates fall you’ll continue to earn the rate you signed up for, for the entire term of the CD. For instance, CIT Bank’s no-penalty CD has an APY of 4.9%—just a hair below the 5% APY its top regular CD offers.

More than six million pages of emails, Slack messages and other digital records. For months, federal prosecutors building the criminal case against the fallen cryptocurrency executive Sam Bankman-Fried have assembled a vast and unusually varied array of evidence. The documents include crypto transaction logs and encrypted group chats from Mr. Bankman-Fried’s collapsed exchange, FTX, as well as strikingly personal reflections recorded by a key witness in the case. The mountain of evidence ranks among the largest ever collected in a white-collar securities fraud case prosecuted by the federal authorities in Manhattan, according to data provided by a person with knowledge of the matter. In the 2004 securities fraud prosecution of Martha Stewart, for example, prosecutors produced 525,000 pages of evidence to the defense team, but the numbers have increased significantly in recent years.

Persons: Slack, Sam Bankman, Bankman, Fried’s, Martha Stewart Locations: Manhattan

☆ Democratic Sen. Tom Carper says he won't seek re-election in 2024
▼ + stars: | 2023-05-22 | by ( Summer Concepcion | ) www.cnbc.com time to read: +3 min

Sen. Tom Carper (D-DE) speaks during a news conference after the first Democratic luncheon meeting since COVID-19 restrictions went into effect on Capitol Hill in Washington, April 13, 2021. Sen. Tom Carper, D-Del., announced Monday that he will not seek re-election next year after more than 20 years in the Senate. During his time in the Senate, Carper served as the chair of the Senate Committee on Environment and Public Works and as a senior member of the Senate Finance Committee. Delaware hasn't had a Republican hold statewide office since 2018, when long-time GOP auditor Tom Wagner declined to seek re-election. Dianne Feinstein of California and Debbie Stabenow of Michigan have announced their plans to not to seek re-election next year.

☆ Opinion: A boast that could sink Trump
▼ + stars: | 2023-05-21 | by ( Richard Galant | ) edition.cnn.com time to read: +20 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. CNN —“I’m the one that got rid of Roe v. Wade,” former President Donald Trump boasted Tuesday on Newsmax. Congress has the power to rein in the court, wrote CNN legal analyst and law professor Steve Vladeck, whose new book “The Shadow Docket” focuses on the Supreme Court. Courtesy Boaz FreundIn 2019, then-President Trump issued an executive order requiring hospitals to post the prices of common medical services and procedures. For some, its celebration of a multiracial but purely fictional British aristocracy may even be a big part of its appeal.”As escapism, “Queen Charlotte” is a success.

☆ Megan Fox says she never liked her body
▼ + stars: | 2023-05-17 | by ( Marianne Garvey | ) edition.cnn.com time to read: +1 min

CNN —Megan Fox may be a Sports Illustrated Swimsuit edition cover model, but she says she still struggles with body image. “I have body dysmorphia. I don’t ever see myself really the way other people see me,” Fox told the publication. “There is never a point in my life where I loved my body. “And why I had an awareness of my body that young, I’m not sure.

☆ Martha Stewart on her business empire: I'm always looking for the best quality at the best price
▼ + stars: | 2023-05-17 | 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 EmailMartha Stewart on her business empire: I'm always looking for the best quality at the best priceMartha Stewart, founder of Martha Stewart Living Omnemedia, joins 'Squawk Box' for a wide-ranging interview to discuss becoming the oldest woman to grace the cover of the Sports Illustrated swimsuit issue, building a sprawling business empire, her thoughts on social media, and more.

☆ Elon Musk's super-app ambitions took an interesting turn with his first acquisition at Twitter
▼ + stars: | 2023-05-17 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

The move speaks to a broader strategy Musk has hinted at of creating a US super app. While extremely popular in Asia, super apps haven't caught on in the US. There are multiple forces working against the success of a super app in the US, let alone one run by someone as polarizing as Musk. When I think of super apps, my mind goes toward pursuing users' wallets. And here's why industry experts remain unconvinced about Elon Musk's plans to turn Twitter into a super app.

☆ Watch CNBC's full interview with Martha Stewart
▼ + stars: | 2023-05-17 | 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 EmailWatch CNBC's full interview with Martha StewartMartha Stewart, founder of Martha Stewart Living Omnemedia, joins 'Squawk Box' for a wide-ranging interview to discuss becoming the oldest woman to grace the cover of the Sports Illustrated swimsuit issue, building a sprawling business empire, her thoughts on social media, and more.

☆ Martha Stewart on Becoming Sports Illustrated’s Oldest Swimsuit Cover Model
▼ + stars: | 2023-05-16 | by ( Rory Satran | ) www.wsj.com time to read: 1 min

Martha Stewart’s sex-symbol era began anew in her late 70s, when she posted a photo of herself on Instagram emerging from her East Hampton pool and called it a “thirst trap.” Since then, the CEO and mogul has reinvented herself from bumpkin to bombshell, more likely to attend gala events in luxe Hermès outfits and full makeup than to plant bulbs in khakis as she did in the 1980s. Today, she’s come full circle in her late-in-life glow-up by becoming the oldest woman to appear on the cover of the Sports Illustrated Swimsuit issue. “Is it a sex symbol, or is it a symbol of healthy living?” asked Ms. Stewart, 81, today. “We can hardly say sex symbol nowadays, right? Overt sex is kind of frowned upon.”

☆ Martha Stewart lands ‘historic’ Sports Illustrated Swimsuit cover
▼ + stars: | 2023-05-15 | by ( Marianne Garvey | ) edition.cnn.com time to read: +1 min

CNN —Martha Stewart is among the cover models for the 2023 Sports Illustrated Swimsuit issue. The lifestyle businesswoman, 81, is the oldest swimsuit model the magazine has featured, calling the fact “historic.”“I like that picture,” Stewart said of her cover shot as she revealed it on Monday’s “Today” show. Stewart posed in the Dominican Republic for the shoot and appears in a total of ten looks. Stewart’s career began as a model at age 15, before she worked as a Wall Street stockbroker and later started a catering business, which grew into a lifestyle media company. Stewart’s more recent modeling with social media selfies have gained praise, particularly an image she shared of herself in a pool in 2020.

☆ At 81, Martha Stewart Is the Sports Illustrated Swimsuit Issue Cover Star
▼ + stars: | 2023-05-15 | by ( Ruth La Ferla | ) www.nytimes.com time to read: +1 min

I had two months, basically, to make sure I felt good enough about the way I look. If I’d thought my waist was too big, or that I was too wobbly, I wouldn’t have done it. Also, I went to the tanning booth and had a very light spray tan, something I’ve never done. All these people were prodding me and talking about “the girls.” I have never called my breasts “the girls” in my life. It doesn’t have as much to do with blatant sex as with a self-assurance that started when I was a child.

☆ In Los Angeles, an Indian Chinese Feast Celebrating Female Founders
▼ + stars: | 2023-05-12 | by ( Jean Trinh | ) www.nytimes.com time to read: +2 min

Before all of that, though, the women had some cooking to do, with help from chef Akilah York, whom Gao had hired to provide culinary back up. The goal was to kick back while shoring one another up. “We’re going around the table being like, ‘I see you. The guest Yasmine Khatib of the Los Angeles flower studio Yasmine Floral Design provided a trio of pastel arrangements: white vases filled with foxgloves, pincushions, peonies, poppies and alliums. And Shelley Kleyn Armistead, another guest and the chief executive of the Gjelina hospitality group, supplied the speckled white dinner plates from Gjelina’s kitchenware brand, Gjusta Goods.

☆ Why Airbus and others are betting on hydrogen-powered planes instead of electric planes
▼ + stars: | 2023-05-11 | by ( Andrew Evers | ) www.cnbc.com time to read: +1 min

One proposed solution rivals the power of fossil fuels without the emissions — hydrogen. "Airbus has been looking at hydrogen for a long time and recently, within the last years, has increased that focus. Airbus announced concept designs for several zero-emission, hydrogen-powered planes in 2020 and intends to test a hydrogen engine on an A380 in 2026. Two startups, ZeroAvia and Universal Hydrogen, are also pursuing hydrogen-powered aircraft. Both have recently completed test flights with regional-sized planes and are hoping to enter the market by 2025.

☆ DeSantis signed a bill into law that creates new hurdles for undocumented workers and patients in Florida. It provides $12 million to relocate migrants to blue states
▼ + stars: | 2023-05-10 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +5 min

DeSantis signed a bill into law to crack down on undocumented workers in Florida. The legislation includes $12 million to relocate migrants to blue states. Ron DeSantis signed a sweeping bill into law Wednesday that will make it harder for undocumented people to work in Florida, even though the measure fell short of his demands. DeSantis boasted about the stunt during a press conference in Jacksonville, Florida, on Wednesday, saying officials in blue states expected border states to "grin and bear" the care of an influx of migrants. DeSantis signed the immigration measures into law a day before before the federal Title 42 is set to expire.

☆ I Always Avoided It, but Now I’m in the Kitchen - The New York Times
▼ + stars: | 2023-05-09 | by ( Yana Pan | ) www.nytimes.com time to read: +1 min

There always seems to be this invisible fence between us, even though I’m an only child, her only daughter. You know how sometimes you remember the wise thing your parents said to you when you were a kid? To me, this meant I’d better have a well-paying career so I wouldn’t end up a housewife like her. In her short film “Semiotics of the Kitchen,” Martha Rosler shifted the traditional language around the kitchen to something violent, frustrating and radical. And because of how I grew up, the kitchen has always been a frustrating space that I refused to enter.

☆ Party City is planning to close over 30 stores across the country — here's the full list
▼ + stars: | 2023-05-09 | by ( Avery Hartmans | Ben Tobin | ) www.businessinsider.com time to read: +5 min

Party City says it's closing over 30 stores after filing for Chapter 11 bankruptcy protection. Cartersville: Cartersville Crossing, 451 East Main St.IowaWaterloo: Crossroads Commons Shopping Center, 1415 Flammang Dr.IllinoisBradley: Bradley Commons, 2060 N. State Rte. 20Felch Street Shopping Center, 3050 Beeline Rd., Ste. L12East Hills Shopping Center, 3702 Frederick Ave., Ste. K2Five Points Shopping Center, 4101 Hwy.

☆ A Hamptons insider of 60 years dishes on the history, people, and parties that makes New Yorkers' favorite beachy hideaway so iconic
▼ + stars: | 2023-05-07 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +1 min

Ultimate Hamptons insider Dan Rattiner started writing about the Long Island enclave in 1960. Rattiner, whose book "Hamptons Private" explores the area in pictures, shared his observations. From fisherman stomping grounds to ritzy beach getaway, the Hamptons has a storied past. The white-sand beaches on the tail end of Long Island, New York, are the stomping grounds of celebrities from Martha Stewart to Beyoncé. "I've interviewed lots of celebrities and lots of local people," Rattiner told Insider, citing interviews with the likes of Donald Trump, Billy Joel, and Barbara Corcoran, as well as plenty of Long Island locals.

☆ Independent Sen. Kyrsten Sinema, who left the Democratic Party last year, says she's 'absolutely' done with parties and won't join the GOP: 'You don't go from one broken party to another'
▼ + stars: | 2023-05-07 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Kyrsten Sinema told CBS News she's "absolutely" done with political parties and won't join the GOP. She left the Democratic Party last year and became an Independent before a potential reelection bid. "It's okay not to agree a hundred percent with another," the Arizona senator told Margaret Brennan. There was less willingness for individuals to have their own opinions to make their own decisions," Sinema told Brennan. I mean, I just, I'm laughing because I literally just spent time explaining how broken the two parties are," Sinema replied.

Federal worker safety inspections have alleged poor maintenance or a lack of safety training at some Tyson plants where ammonia leaks injured workers. CNN interviewed eleven current or former Tyson workers across three different plants who experienced ammonia leaks. !”A safety sign hangs on a fence at a Tyson plant in Hope, Arkansas, in March 2023. Still, some Tyson workers who lived through ammonia leaks said they wished more had been done to protect them. That means that the data doesn’t necessarily cover Tyson plants or other meat facilities that hold smaller amounts of ammonia.

☆ Need More Light in the Kitchen? Here’s a Stylish, Adjustable Fix
▼ + stars: | 2023-04-29 | by ( Nina Molina | ) www.wsj.com time to read: +1 min

DOUBLE DIP Landed Interiors & Homes, which is based in New York City, draped a couple of matte-black adjustable pendants above a kitchen island in Piedmont, Calif. Photo: Haris KenjarHAVE YOU ever yearned to yank the ceiling light in your kitchen closer to the radishes you’re julienning? Adjustable pendants can get you out of your own way. London designer Susie Atkinson thrifted a 1960s double adjustable pendant for a local Queen-Anne style kitchen. This discreet concealing trick is still available on some models, but Los Angeles interior designer Martha Mulholland, for one, admires the visible, “industrial meets decorative” look of those with visible ballast. “It’s a design born out of a practical function,” said Ms. Mulholland.

☆ Early-aughts 'It' girl Cory Kennedy entering her 'hipster Martha Stewart' era pretty much sums up how millennials are gearing up for middle age
▼ + stars: | 2023-04-26 | by ( Bartie Scott | ) www.businessinsider.com time to read: +5 min

Cory Kennedy was the internet's first "It" girl as a teenager in the early aughts. "I want to garden, like a freaking hipster Martha Stewart," Kennedy told New York Magazine. It's a reminder of her time as "the internet's first 'It' girl," as New York Magazine dubbed her in a recent profile. In her recent article in The Atlantic, Twenge said millennials have experienced "a breathtaking financial comeback" since the mid-2010s. Even Martha Stewart jumped on the teenage-dirtbag train — though she could take some notes from Kennedy on the sleaze.

☆ Nicolas Cage, Ranked From Wild to Mild
▼ + stars: | 2023-04-26 | by ( Erik Piepenburg | ) www.nytimes.com time to read: +1 min

In the early 1980s, Nicolas Cage got his first big breaks in Martha Coolidge’s “Valley Girl” and Amy Heckerling’s “Fast Times at Ridgemont High,” films that zeroed in on the peculiar allure of his dopey bad boy persona. Watching him was like eating a banana split: You tasted something nutty, sweet, indulgent, all-American. Since then, few actors have been able to match how nimble a polymorph Cage is in genre, how easily he power-bounces between action (“National Treasure”), comedy (“Moonstruck”) and horror (“Pay the Ghost”). He’s done the same for a who’s who of boundary-pushing directors, including the Coen brothers (“Raising Arizona”), David Lynch (“Wild at Heart”) and Spike Jonze (“Adaptation”). Each is rated on a scale of bees — one for sleepy, five for loony — in honor of the insects that tortured him in the 2006 remake of “The Wicker Man.”

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