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☆ Millennials say they plan to spend big this holiday season — 'I see a lot of optimism,' expert says
▼ + stars: | 2024-11-24 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

"I see a lot of optimism going into the holiday season," said Charlie Wise, TransUnion's senior vice president and head of global research and consulting. More from Personal Finance:Thanksgiving meals are expected to be cheaper in 2024How Trump's win could change your health careRemote work is helping Americans take longer trips"It's clear that millennials will play the largest role this holiday shopping season with the greatest expected spend," Wise said. Holiday spending between Nov. 1 and Dec. 31 is forecast to increase to a record total of $979.5 billion to $989 billion, according to the National Retail Federation. Even as credit card debt tops $1.17 trillion, holiday shoppers expect to spend, on average, $1,778, up 8% compared with last year, Deloitte's holiday retail survey found. Meanwhile, 28% of holiday shoppers surveyed in September said they still had not paid off the gifts they purchased for their loved ones last year, according to a holiday spending report by NerdWallet, which polled more than 1,700 adults.

Persons: TransUnion, Charlie Wise, TransUnion's, Wise Organizations: Finance, National Retail Federation, NerdWallet

☆ Trump Tariffs: Businesses, Americans Are Preparing for Higher Prices
▼ + stars: | 2024-11-24 | by ( Emily Stewart | ) www.businessinsider.com time to read: +10 min

They're trying to figure out what to do. They're trying to figure out what to do. Thanks to muscle memory from the tariffs Trump imposed in 2018, he says, many businesses are speeding up their shipping schedules — racing to get as many goods as possible into the country before any new tariffs are implemented. So did dryers, even though they weren't subject to tariffs — companies figured customers would assume that two related products were subject to the same inflationary forces. Related stories"If they can accelerate big purchases they know they're going to make, they should do that," says Lovely, the senior fellow at the Peterson Institute.

Persons: Donald Trump's, I'm, I've, Jolie, Trump, Greg Daco, Mary Lovely, Ernie Tedeschi, Biden, Steve Madden, Paul Brashier, Brashier, Stephen Lamar, Mike Brey, Brey, Lindsay Owens, Tedeschi, it's, didn't, Emily Stewart Organizations: Trump . Companies, Yale Budget, Peterson Institute, Yale Budget Lab, ITS Logistics, Trump, American Apparel and Footwear Association, Hobby Works, tote, Apple Watch, Business Locations: United States, New York City, China, EY, American, Vietnam, Mexico, USA

☆ Chuck Woolery, original host of 'Wheel of Fortune,' dead at 83
▼ + stars: | 2024-11-24 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +2 min

AdvertisementChuck Woolery died on Saturday, November 23, at the age of 83. The legendary game show star was best known as the original host of "Wheel of Fortune." Woolery became a conservative commentator and Trump supporter later in his life. Chuck Woolery, the media personality best known for hosting the game shows "Wheel of Fortune" and "Love Connection," died on Saturday at the age of 83. However, it was through his role as the original host of the hugely popular game show "Wheel of Fortune" that he really made his name.

Persons: Chuck Woolery, Woolery, Trump, Mark Young, Young, Carlo Allegri, Donald Trump Organizations: Associated Press, US Navy, NBC, American, of Fame Locations: Texas, Ashland , Kentucky

☆ Are seed oils toxic? It's complicated — here's what you need to know about the war over dietary fats
▼ + stars: | 2024-11-24 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +11 min

AdvertisementOver the past few years, fears about toxic and inflammatory "seed oil" have taken over the internet. What seed oil is actually doing in our diet is more complicated than either side lets on. The seed oils under fire, aka 'the hateful 8'lacaosa/Getty ImagesFor centuries, people around the world have used local oils, some of which could be classified as "seed oils," derived from mustard seeds and flaxseeds. Advertisement"There are things that are way more important for you than to even think about seed oils," Mozaffarian said. AdvertisementBazinet said, while the jury is still out on seed oils, some people may want to take extra precautions.

Persons: it's, Robert F, Kennedy Jr, Trump's, Richard Bazinet, Predrag Popovski, Dariush Mozaffarian, Mozaffarian, Mozaffarian —, who've, veganism, Joseph Hibbeln, Hibbeln, Artemis Simopoulos, Simopoulos, Stuart Walmsley, fryer, Bazinet, you've, chia Organizations: Health, Human Services, University of Toronto, Food, Medicine Institute, Tufts University, National Institutes of Health, Business, Michelin, Shake, Getty Locations: Eastern, Canada, Chipotle, China

☆ 'We were willing to risk everything': Gen-Z duo started a pasta sauce brand that brings in $1 million a month
▼ + stars: | 2024-11-24 | by ( Nicolas Vega | ) www.cnbc.com time to read: +6 min

That kind of energy, they thought, was missing from the pasta sauce aisle. "We probably took $150,000 — everything we made from that business, honestly, bottom line — and put it into Sauz," Bonde says. The pasta sauce aisle was crammed with basil marinaras, vodkas and creamy alfredos. Maybe shoppers would enjoy the flavor in their pasta sauce. "If I went and surveyed 1,000 pasta sauce shoppers, I don't think any of them would have said hot honey marinara.

Persons: Troy Bonde, Winston Alfieri, Sauz, they'd, Gen, —, Bonde, Alfieri, Covid, I'd, Ally Kroeckel, They'd Organizations: USC, CNBC, NextPace Ventures, Foods, Ford, Mazda Locations: China, WhatsApp, Angeles, California

☆ Opinion | Taiwan Is Ready to Defend Democracy. Is Trump With Us?
▼ + stars: | 2024-11-24 | by ( Vickie Wang | ) www.nytimes.com time to read: +2 min

So spare a thought for one of these faraway places affected by your vote: my island home, Taiwan. He grew up in an era when, with the United States as a beacon, Taiwan transformed from dictatorship to democracy. He dreamed that I’d someday make a life in America, where he felt that his opinionated only daughter would thrive. He has made clear that, unlike previous presidents, he couldn’t care less about Taiwan and our hard-won democracy. He says — falsely — that Taiwan “stole” America’s chip business, has dismissed us as a geopolitical trifle and expressed doubt about the U.S. being able to defend Taiwan against China.

Persons: America, I’d, Donald Trump’s, —, Taiwan “ Organizations: “ Air Force, China Locations: Taiwan, China, United States, Indiana, Taipei, America

☆ Rich Americans Are Buying up Old French Chateaus, Mansions
▼ + stars: | 2024-11-24 | by ( Astrid Landon | ) www.businessinsider.com time to read: +11 min

All across France, there's a glut of châteaus for sale. Plans require approval by the French minister of culture, and work must be done by designated specialists. "I decided not buying a château in France was going to be more detrimental to my health than buying one." For many French sellers, what strikes Americans as romantic has come to feel like a curse. "I live in a château," Engel reminds himself when he's feeling overwhelmed.

Persons: Mark Goff, Phillip Engel, Goff, Château Avensac, Astrid Landon, they've, Engel, Adrian Leeds, who's, Gonzague Le, Le Nail, it's, Michel Tarrible, Engel's, Abigail Carter, Carter, —, — Carter, Château de, Williams, d'Aubigny, château, he's, It's, Henrys d'Aubigny, l'Espinay, Borie, They've Organizations: YouTube, World Trade Center Locations: France, California, Gers, France —, Versailles, American, Paris, Avensac, Sonoma County, San Francisco, Canada, London , Massachusetts, New Jersey, Seattle, Agen, Brittany, Ohio, Château

☆ Verstappen captures 4th F1 championship after Mercedes sweep of Las Vegas Grand Prix
▼ + stars: | 2024-11-24 | by ( ) www.cnbc.com time to read: +7 min

2024 F1 World Drivers Champion Max Verstappen of the Netherlands and Oracle Red Bull Racing celebrates in parc ferme during the F1 Grand Prix of Las Vegas at Las Vegas Strip Circuit on November 23, 2024 in Las Vegas, Nevada. Max Verstappen cruised to a fourth consecutive Formula 1 championship on Saturday night by finishing fifth in the Las Vegas Grand Prix. The Dutchman started fifth but was already up to second by the 10th lap around the street circuit that includes the famed Las Vegas Strip. Verstappen asked at the Bellagio what time it was, noting he was in Las Vegas and "I'm very thirsty." The trio of races in Miami; Austin, Texas; and Las Vegas are more than any other country.

Persons: Max Verstappen, Verstappen, Lando Norris, McLaren, Red Bull, Norris, Christian Horner, George Russell, Lewis Hamilton, Hamilton, Sylvester Stallone, Carlos Sainz Jr, Charles Leclerc, Oscar Piastri, Max, he's, Verstappen's, Terry Crews, Russell, he'd, Crews, Verstappen wasn't, Sainz, Leclerc, Sebastian Vettel, Sainz's, Vegas, Michael Andretti, Andretti, Dan Towriss, Mark Walter Organizations: Oracle Red Bull, Las Vegas, Circuit, Red, Ferrari, McLaren, Bellagio, Sainz's Ferrari, General Motors, Los Angeles Dodgers, Cadillac F1, Liberty Media Locations: Netherlands, parc ferme, Las Vegas , Nevada, Brazil, Abu Dhabi, Qatar, Las Vegas, United States, Miami, Austin , Texas, Vegas, American, Indiana

☆ AI can be used to create job promotion, not be a job replacement, says AWS vice president
▼ + stars: | 2024-11-24 | by ( ) www.businessinsider.com time to read: +6 min

In a sense, AI can give each of us a job promotion, not be a job replacement. : With Gen AI, scientists can slash the time required for drug discovery, accelerate therapy development, and find vaccines that are cheaper and more accessible. Media : By automating the difficult art and production aspects of games and entertainment, Gen AI frees designers to create and ideate more. : By automating the difficult art and production aspects of games and entertainment, Gen AI frees designers to create and ideate more. Financial Services: Gen AI can strengthen fraud detection and compliance while increasing the efficiency of loan officers making lending decisions.

Persons: Sivasubramaniani, —, Marie Kondo, Thoughtfully, strategize —, Swami Sivasubramanian, Jane Zhang Organizations: Amazon Web Services, Design, Engineers, Financial Services

A handful of Democrats are sounding their approval of Republican Florida Sen. Marco Rubio as Secretary of State but others continue to doubt some cabinet picks made by President-elect Donald Trump. Democratic Illinois Sen. Tammy Duckworth said she has "a friendship" with Rubio and said she's looking forward to talking to him about his policies. Another name that has drawn substantial criticism from the Senate is former Democratic Rep. Tulsi Gabbard, Trump's candidate for Director of National Intelligence. Sen. Duckworth alleged that Gabbard is "compromised," and she worries that the former congresswoman couldn't pass a background check. It's a slur, quite frankly," Republican Sen. Eric Schmitt of Missouri said Sunday on NBC's "Meet the Press."

Persons: Donald Trump, Marco Rubio, Republican Florida Sen, he's, California Adam Schiff, I'm, Trump, Rubio, China's ByteDance, Democratic Pennsylvania Sen, John Fetterman, Fetterman, Elise Stefanik, Lori Chavez, Mehmet Oz, Democratic Illinois Sen, Tammy Duckworth, Duckworth, CNN's, Doug Collins of, Pete Hegseth, Hegseth, Collins, Doug Collins, Tulsi Gabbard, Sen, Schiff, couldn't, Vladimir Putin, Republican Sen, Eric Schmitt of, Trump's, Sebastian Gorka, McMaster, Putin's, They've, Bill Hagerty, Hagerty Organizations: Dorton, Republican Florida, State, Democratic, U.S . Senate, NBC News, Ukraine, Democratic Pennsylvania, Fox News, Fox, United Nations, DeRemer, Labor, Medicare, Democratic Illinois, Republican, Department of Veteran Affairs, Defense, Army National Guard, Senate, National Intelligence, House Intelligence Committee, Eric Schmitt of Missouri, Press, H.R, McMaster, Sunday, Trump, ABC Locations: Raleigh , North Carolina, U.S, California, China, United States, Iran, Pennsylvania, Iraq, Doug Collins of Georgia, Russian, Congress, Tennessee

☆ DOGE coming: Beware these stocks that get the most revenue from the government
▼ + stars: | 2024-11-24 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Investors should be wary of the impacts several companies may bear from the cost-cutting goals of President-elect Donald Trump's Department of Government Efficiency, or DOGE, according to TD Cowen. "The announcement of DOGE has led to concerns about future revenue and profitability of USG [United States government] contractors," analyst Roman Schweizer said in a Friday note to clients. "It is too early to estimate potential negative impacts to USG contractors given the limited results of prior USG reforms, but cuts are possible and there will be uncertainty for several months." In an effort to find companies that have the most at stake under potential DOGE actions, TD Cowen identified the publicly traded government contractors with the highest amount of dollars obligated in fiscal year 2023, both overall and by individual federal department. Pharmaceutical giants such as Merck , Humana and Pfizer could also be impacted by potential DOGE cuts, as the firm found they receive large sums of money primarily through contracts with the Department of Health & Human Services.

Persons: Donald Trump's, TD Cowen, DOGE, Roman Schweizer, Elon Musk's, Vivek Ramaswamy's, Musk, Tesla, Ramaswamy, Lockheed Martin, Schweizer, headcount Organizations: Donald Trump's Department, Government, USG, United, Street, Trump, Congress, U.S, Northrop Grumman, Lockheed, Dynamics, Boeing, NASA, Department of Defense, Department of State . Defense, Leidos Holdings, DoD, Pharmaceutical, Merck, Humana, Pfizer, Department of Health & Human Services Locations: United States

☆ Drones spotted over three US Air Force bases in Britain
▼ + stars: | 2024-11-24 | by ( Rob Picheta | ) edition.cnn.com time to read: +1 min

London CNN —Unidentified drones have been spotted flying over three bases used by the United States Air Force in Britain, the two countries have confirmed. The objects were seen between Wednesday and Saturday flying over the Royal Air Force’s Lakenheath, Mildenhall and Feltwell bases, all used by the US Air Force (USAF). “The number of (unmanned aircraft systems) fluctuated and they ranged in size/configuration,” a spokesperson for the US Air Forces in Europe said in a statement. The three bases are located within a few miles of each other in eastern England. In 2017, a car attempted to ram the entrance to the Mildenhall base, resulting in shots being fired by US personnel and the base being briefly locked down.

Organizations: London CNN, United States Air Force, Royal Air, US Air Force, USAF, US Air Forces, Britain’s Ministry of Defence, American, Fighter, US Locations: Britain, Mildenhall, Europe, England, Afghanistan, Iraq

☆ Chinese EV makers are not doing quite as well as you might think
▼ + stars: | 2024-11-24 | by ( Tom Carter | ) www.businessinsider.com time to read: +4 min

Nio reported a widening net loss in its latest earnings, as the CEO of Xpeng warns many EV firms face a fight to survive. Xpeng delivered 24,000 vehicles last month, and Xiaomi sold over 100,000 of its SU7 EV this year alone. AdvertisementHowever, the booming sales come as many Chinese EV makers continue to report heavy losses, as they grapple with a brutal price war and intense pressure to quickly launch new affordable models amid a crowded field of battery-electric vehicles. The company reported a net loss of 5.06 billion yuan ($700 million), up 11% from the third quarter of 2023. Both companies narrowed their net losses year-over-year, but they remained sizable at 1.81 billion yuan ($250 million) for Xpeng and 1.14 billion yuan ($157 million) for Zeekr, respectively.

Persons: Nio, Xpeng, Tesla, they're, Xiaomi, William Li, Zeekr, Xpeng's, Jim Farley, Xiaopeng, BYD, outstripping Elon, JADE GAO, David Bailey Organizations: EV, Elon, Publishing, Getty, Zeekr, Ford, Singaporean, The Straits Times, outstripping Elon Musk's, University of Birmingham Locations: China

☆ Robotics engineers are in high demand — so what is the job like?
▼ + stars: | 2024-11-24 | by ( Nessa Anwar | ) www.cnbc.com time to read: +1 min

So, perhaps it is no surprise that robotics engineers are highly sought-after, with the United States alone expected to add 9,000 robotics engineers by 2032, according to Sokanu's Career Explorer. Another hotspot for robotics engineers is the island-nation of Singapore, the second most automated country after South Korea. Kelvin Ching is a Senior Robotics Engineer for Hyundai Motor Group Innovation Center Singapore (HMGICS), the country's first EV factory. He leads a team of robotics engineers that are overseeing the close to 200 robots assembling Hyundai's Ionic 6 model. Sean Sabastian is Dyson's Robotics Research Manager, managing a team of roboticists who are looking to integrate robots into the home environment.

Persons: CNBC's, Yew Lam, Singapore's Tan, Kelvin Ching, Sean Sabastian, roboticists, Dyson Organizations: International Federation of Robotics, Hyundai Motor Group Innovation Center, EV, Robotics Research Locations: United States, Singapore, South Korea

☆ I want to thank shortsighted stock traders for allowing us to win the long game
▼ + stars: | 2024-11-24 | by ( Jim Cramer | ) www.cnbc.com time to read: +9 min

I lost my church years ago, defrocked by the desire to teach through "Mad Money" and the Investing Club. The Investing Club owns them all except Tesla. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Mark Haines, Disney, Joe Kernen, David Faber, Andrew Ross Sorkin, Becky Quick, Larry Kudlow, Cramer, Haines, Rowan, Transocean, Jim Bob, Kudlow, Lazarus, Tesla, Russell, Jim Cramer's, Jim Cramer, Jim, Rob Kim Organizations: TikTok, Financial News Network, CNBC, Wall, Journal, GMA, Fox Business, Federal, Investing, Microsoft, Nvidia, Investing Club, Jim Cramer's Charitable Locations: TheStreet.com, gander

☆ I bought a $3.25 million home as a single woman. Homeownership is an investment in my future.
▼ + stars: | 2024-11-24 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +8 min

In 2022, she bought a three-bedroom home in Williamsburg, Brooklyn, for $3.25 million, entirely on her own. AdvertisementOne of the bedrooms in Chestler's Williamsburg condo. Courtesy of Jessica ChestlerWhen you're buying a home with someone else, there's obviously a lot more to consider, especially if you're not married. AdvertisementThere's always that uncertainty: What if the person you're buying with doesn't like it or wants a different lifestyle? There's a certain trepidation — whether you're a woman or a man — when you're single and unsure about your future, which can make people hesitant to buy a home.

Persons: Jessica Chestler, Chestler, Douglas Elliman, I've, It's, Ben Jacobs Organizations: National Association of Realtors, Michelin, bodega Locations: Williamsburg , Brooklyn, New York, Florida, Jessica Chestler New York, Williamsburg, Brooklyn, Manhattan, London

☆ Homeless man’s alleged killing spree exposes NYC’s ‘whole rotten system’
▼ + stars: | 2024-11-24 | by ( Ray Sanchez | John Miller | ) edition.cnn.com time to read: +14 min

The New York City Department of Social Services (DSS), which oversees the Department of Homeless Services, said privacy and social services laws prevented the agency from confirming or disclosing client information. “We cannot comment on an ongoing investigation,” a DSS spokesperson told CNN via email on Friday. Sabrina Souza/CNNThe first victim of Monday’s homicidal spree, Angel Lata Landi, was a construction worker originally from Ecuador, his sister Mariana Lada told CNN. They want it fixed,” he told CNN. It’s a whole rotten system,” Hopper told CNN.

Persons: Ramon Rivera, Rivera, Eric Adams, ”, Mary Brosnahan, Yuki Iwamura, Jerrold Nadler, “, ” Nadler, Adams, Latima Johnson, David R, Martin, Matthew Shapiro, ” Shapiro, Brosnahan, he’s, ’ Mariana Lada, Angel Lata Landi, Sabrina Souza, Mariana Lada, Lata Landi, Chang Wang, Wilma Augustin, ” Adams, Joseph Kenny, what’s, Erik Bottcher, They’re, ” Brosnahan, ” Kim Hopper, ” “ We’ve, ” Hopper, it’s, they’re Organizations: CNN, New York City, New, Coalition, Homeless, NYPD, Democrat, Thursday, New York City Department of, Prison, Aid Society, Manhattan, AP, The New York City Department of Social Services, Department of Homeless Services, Manhattan District, Vera Institute of Justice, “, National Alliance, Mental, Bellevue Hospital, United Nations, New York Presbyterian, Weill Cornell Medical Center, CNN Manhattan City, Columbia University Locations: New York, Manhattan, New York City, Rikers Island, Rikers, Bellevue, New, The, Florida , Ohio, New Jersey, Outside New York, Hoboken, “, That’s, Ecuador, Peekskill , New York, Chelsea, it’s

☆ ‘Wicked’ and ‘Gladiator II’ Jump-Start the Box Office, but at a Cost
▼ + stars: | 2024-11-24 | by ( Brooks Barnes | ) www.nytimes.com time to read: +1 min

Hollywood was back this weekend to where it desperately hungers to be — at the center of global culture. Women flocked to the PG-rated “Wicked,” a lavish adaptation of Act One of the popular Broadway musical, while men supported “Gladiator II,” an R-rated sequel 24 years in the making. Together, the two big-budget movies were on pace to sell roughly $380 million in tickets worldwide, bringing the box office back to life after months of audience indifference. That sum would make “Wicked” the third-highest opener for the year, behind $211 million for “Deadpool & Wolverine” and $154 million for “Inside Out 2.” (Overseas, “Wicked” was expected to collect an additional $48 million.) Ridley Scott’s “Gladiator II” was on pace to collect about $60 million in North America, including previews, for a worldwide total since arriving in overseas release earlier this month of about $225 million.

Persons: hungers, ”, “, Deadpool, Ridley Scott’s Organizations: Hollywood Locations: United States, Canada, North America

☆ Software company providing services to US and UK grocery stores says it was hit by ransomware attack
▼ + stars: | 2024-11-24 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +2 min

CNN —A major software supply-chain company, which counts US and UK grocery stores and Fortune 500 firms as clients, said it was hit by a ransomware attack this weekend. A Blue Yonder spokesperson did not answer questions about which clients were affected, including those in the United States. “On November 21, 2024, Blue Yonder experienced disruptions to its managed services hosted environment, which was determined to be the result of a ransomware incident,” Blue Yonder said in an initial public statement on Friday. Some of the biggest US grocery chains use Blue Yonder, including Albertsons — the parent company of chains like Safeway and Jewel-Osco — and Kroger, the parent company of chains like Ralphs and Fred Meyer. Albertsons and Kroger did not immediately respond to CNN’s request for commentOther major corporations that have used Blue Yonder products or services include Proctor & Gamble and Anheuser-Busch, according to Blue Yonder press statements.

Persons: ”, Fred Meyer Organizations: CNN, Panasonic, “, Blue, Morrisons, Sainsbury, Albertsons, Safeway, Kroger, Proctor, Gamble, Anheuser, Busch Locations: an Arizona, United States, United Kingdom

☆ Former BP Chief Joins A.I. Data Center Developer
▼ + stars: | 2024-11-24 | by ( Stanley Reed | More About Stanley Reed | ) www.nytimes.com time to read: +1 min

Bernard Looney, the former chief executive of BP, one of the world’s largest energy companies, said Sunday that he would become chairman of a data center start-up in the United States, a move that comes amid a ravenous appetite for electricity to power the boom in artificial intelligence. The company, called Prometheus Hyperscale, plans to build a $10 billion data center on a 640-acre site in Evanston, Wyo., carved out of the family ranch of the company’s founder and chief executive, Trenton Thornock. The hope is to attract companies like Amazon, Microsoft or Google with mushrooming needs for computer power, Mr. Looney said in an interview. Prometheus plans to expand in the United States and internationally, he added. I’ll be helping them with strategy.”Mr.Looney, 54, left BP last year after acknowledging that he failed to properly disclose personal relationships with colleagues.

Persons: Bernard Looney, Hyperscale, Looney, Prometheus, I’ll, ”, “ I’ll, ” Mr.Looney Organizations: BP, Trenton, Microsoft Locations: United States, Evanston, Wyo, Trenton Thornock

☆ Opinion | Neighbors Are Burning Each Other’s Land to Stop Dangerous Wildfires. Let’s Help Them.
▼ + stars: | 2024-11-24 | by ( M.R. O Connor | ) www.nytimes.com time to read: +2 min

A wildfire in southwestern Massachusetts grew to 1,000 acres this week, the second fire in the region to reach that size this month. As droughts and heat intensify, the risk of wildfires like these becoming catastrophic is growing across the United States. But after generations of suppressing fire, many millions of acres of brush and tree fuels have built up, increasing the risk of large, dangerous wildfires. Prescribed-burn associations — neighbors helping neighbors burn — are addressing some of these issues by pooling community members’ resources, experience and time. In an era of greater wildfire risk driven by fuel accumulation and global warming, governments should be swiftly removing barriers to the use of prescribed fires on private land.

Organizations: United States Forest Service Locations: New York, Massachusetts, New Jersey, United States, Texas, California, North Carolina, National

☆ Christian Louboutin wants to keep his favorite holiday spot special — but it's on Harry and Meghan's radar too
▼ + stars: | 2024-11-24 | by ( Maria Noyen | ) www.businessinsider.com time to read: +4 min

Christian Louboutin opened a small hotel in Melides, Portugal, and plans to open another. Advertisement"People are touched by authenticity and we need to keep it that way," Louboutin told Bloomberg. AdvertisementJust a 15-minute drive from Melides lies Costa Terra, a 722-acre luxury resort community and gold club built by US real estate developer Discovery Land Company. Related storiesRepresentatives for Costa Terra did not immediately respond to requests for comment. "Tourists come here for the beauty of this place," Louboutin told Bloomberg.

Persons: lister, Prince Harry, Meghan Markle, Louboutin, Christian Louboutin, Victor Boyko, It's, Mike Meldman, George Clooney, Harry, Eric Charbonneau, Paris Hilton, Sharon Stone, Costa Terra, Amancio Ortega's, Vitor Paiva, Engel, Völkers, Paiva Organizations: Bloomberg, Dior, Discovery Land Company, Casa Amigos, The Telegraph, Archewell, Getty, Costa Terra, Vanguard Properties Locations: Portugal, overtourism, Melides, Tropez, Alentejo, St, Costa, Montecito , California, Colombia, Comporta, Portuguese

☆ Adani CFO says U.S. charges linked to only one business contract
▼ + stars: | 2024-11-24 | by ( ) www.cnbc.com time to read: +2 min

Chairperson of Indian conglomerate Adani Group, Gautam Adani, speaking at the World Congress of Accountants in Mumbai on November 19, 2022. A U.S. bribery indictment of Indian billionaire Gautam Adani is linked to one contract of Adani Green Energy that makes up some 10% of its business, and no other firms in the conglomerate are accused of wrongdoing, the group's CFO said on Saturday. The allegations in the U.S. indictment relates to "one contract of Adani Green, which is roughly 10% of overall business of Adani Green", Singh said on X. Adani, which has several other global projects, is also charged with misleading U.S. investors about Adani Green's compliance with antibribery principles and laws. The charges also put the spotlight on Sagar Adani, a director at Adani Green and millennial scion of the company who kept track of hundreds of millions of dollars of alleged bribes to Indian officials on his mobile phone.

Persons: Gautam Adani, Adani, Jugeshinder Singh, Singh, Hindenburg, Sagar Organizations: Adani, World, Accountants, Energy, U.S, Indian Energy Locations: Mumbai, U.S, Adani, Kenya, United States

☆ I was thrilled the first time my son came home from college for the holidays. It wasn't always easy.
▼ + stars: | 2024-11-24 | by ( Laura Falin | ) www.businessinsider.com time to read: +5 min

AdvertisementWhen my son came home from college, he spent the night at a friend's house without telling me. My son went to college about an hour and a half away, which was far enough away that he needed to live on campus. AdvertisementI understand he's becoming more independentI know my son is much more independent now than when he lived at home. I don't know where he is unless I call or text him, and he chooses to tell me. When my college kid came home and reached for a soda on a Wednesday, his siblings lost their minds.

Persons: they'd, he's, there's, we're, they're, I'm, he'll, He's

☆ TSMC's Phoenix chip factories likely won't erase the US's reliance on Taiwan
▼ + stars: | 2024-11-24 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

AdvertisementTSMC's Phoenix chip factories likely won't eliminate US dependence on tech from Taiwan. Experts told BI that TSMC's most advanced chips will likely continue to be produced in Taiwan. TSMC produces an estimated 90% of the world's advanced chips, which power everything from iPhones to cars. While TSMC's Phoenix factories are expected to boost semiconductor chip production in the US, the company isn't making its most advanced chips stateside, industry experts told Business Insider. For example, chips produced using 4 nanometer (nm) technology are expected to be made in the first Phoenix factory, while TSMC's Taiwan factories are already producing chips using 3nm technology.

Persons: Biden, TSMC, Jeff Koch, SemiAnalysis, — Koch, Stephen Ezell, it'll, Chris Miller, Miller, Koch, Trump, William Alan Reinsch Organizations: Commerce Department, Information Technology, Innovation Foundation, of Commerce, Arizona, Nvidia, Apple, Qualcomm, AMD, American Enterprise Institute, Center for Strategic, International Studies, Biden Locations: Taiwan, Arizona, Phoenix, TSMC's, United States, China

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