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☆ The Trump policy that freaks out economists the most
▼ + stars: | 2024-09-05 | by ( Matt Egan | ) edition.cnn.com time to read: +9 min

New York CNN —Former President Donald Trump wants to spend trillions of dollars on tax cuts. “It’s enormously protectionist and terrible economic policy,” said Holtz-Eakin, who served as an economic adviser to former President George H.W. The cost of the Trump tax cutsTrump has called for extending his signature 2017 tax cuts, which expire next year if no action is taken by Congress. Trump has argued that extending the tax cuts will boost the economy, create jobs and help families. The Trump campaign has not detailed significant spending cuts or tax hikes to offset these tax cuts.

Persons: Donald Trump, Trump, Goldman Sachs, Kamala Harris, Goldman, “, ” David Kelly, Kelly, “ It’s, ”, ’ Trump, Douglas Holtz, Eakin, Holtz, George H.W, Bush, GOP Sen, John McCain, Mark Zandi, ” Zandi, Karoline Leavitt, they’ll, ” Leavitt, Trump’s, ” Harris, “ Donald Trump, ” Brian Nelson, Harris, Kimberly Clausing, Mary Lovely, ” Trump, Joe Biden, Penn, Penn Wharton, The Trump, CNN’s Katie Lobosco Organizations: New, New York CNN, Asset Management, CNN, America, New York Economic Club, American, GOP, Moody’s, Trump, Peterson Institute for International Economics, Peterson Institute, US Customs, Louis Federal Reserve, Biden, Congress, Princeton University, University of Chicago, Harvard University, US Treasury Department, Penn Wharton Model, Social Security Locations: New York, United States, China, America

☆ I run a global tutoring business for rich families. To survive in this field, you have to ignore the wealth.
▼ + stars: | 2024-09-05 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThis as-told-to essay is based on a conversation with Adam Caller, the CEO and founder of Tutors International. A child from a socioeconomically disadvantaged background who's struggling and a child from enormous wealth who's struggling are still both children who are struggling. The teachers who stay with us long term are the ones who don't get changed by the wealth around them. But if they talk about how they can help the children, I know they speak the right language.

Persons: —, Adam, I'd, I've, We've, they've Organizations: Service, International, Business Locations: Switzerland, France, Greece, Italy

☆ OPEC+ extends oil output cuts again through November
▼ + stars: | 2024-09-05 | by ( Krystal Hur | ) edition.cnn.com time to read: +2 min

This isn’t the first time OPEC+ has extended output cuts in a bid to boost crude prices. That same month, OPEC+ extended a cut of 1.65 million barrels per day announced in April 2023 until the end of 2025. Oil prices rose initially but settled slightly lower Thursday. Oil prices have declined this year despite continued output cuts and ongoing geopolitical tension in the Middle East. In June, the International Energy Agency said that a glut of oil supply could weaken the sway OPEC+ has over oil prices.

Persons: — Organizations: New, New York CNN, of, Petroleum, West Texas, Brent, International Energy Agency, IEA Locations: New York, OPEC, China, United States

☆ Here's where American Airlines is adding flights to Europe in summer 2025
▼ + stars: | 2024-09-05 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Boeing 787-9 Dreamliner, from American Airlines company, taking off from Barcelona airport, in Barcelona on 24th February 2023. As social media feeds make their seasonal shift from the Parthenon to pumpkin patches, airlines are busy preparing for the 2025 Europe travel season, a bet that strong demand for international travel will continue next summer. American Airlines on Thursday unveiled new routes to Europe for spring and summer next year. Rivals United Airlines and Delta Air Lines are expected to release their 2025 travel plans in the coming weeks. American said its trans-Atlantic capacity next summer will be up low-to-mid-single digits over this year, with executives confident that consumers will continue to prioritize travel.

Persons: Charlotte ,, Brian Znotins, American's Organizations: Boeing, American Airlines, Milan, Rivals United Airlines, Delta Air Lines Locations: Barcelona, Europe, Chicago, Madrid, Philadelphia, Edinburgh, Scotland, Charlotte, Charlotte , North Carolina, Athens, Greece, Miami, Rome, Italy

☆ Fontana, California: Police pressured him to confess to a murder that never happened
▼ + stars: | 2024-09-05 | by ( Rachel Clarke | Shimon Prokupecz | ) edition.cnn.com time to read: +35 min

The medication, it took over, and we need to find Daddy right now.”Later, Perez asked for medical attention. She knows, because she was walking through all the blood.”Time and again they asked Perez to imagine what could have happened. “They picked me up, they read me my rights and my mind’s going, ‘What’s going on?’,” the elder Perez told CNN. The elder Perez told CNN the samples had been identified as coming from a male, but that was all. Harrell, whose office is counsel to the city of Fontana, asked CNN to return any video it had, unaired.

Persons: California CNN — Tom Perez, Perez, ” Perez, “, Tom Perez, —, “ Papa Tom ” —, Margo —, Margo, …, That’s, ”, Joanna Piña, Cpl, Sheila Foley, Piña, ” Foley, Robert Miller, Miller, PEREZ, Fontana, David Janusz, Kyle Guthrie, Guthrie, Thomas —, Perez —, Janusz, berate Perez, Dolly Gee, ” Guthrie, “ Thomas, that’s, ” Janusz, Jeff Noble, . Miller, ” Noble, They’re, Mr, where’s, Perez’s, Carl Peraza, Peraza, Tom, ” Peraza, Police badgered Perez, ‘, ’ Janusz, … You’re, Thomas, Thomas ’, you’re, Judge Gee, “ She’s, ” Tom Perez, Noble, — Perez, Father, Thomas Perez, Miranda, ‘ What’s, Papa Tom, Jerry Steering, he’d, they’ve, it’s, Shel Harrell, Harrell, ” Judge Gee, Ruben Duran, ” Duran, he’s, Fontana Guthrie, Michael Dorsey, Perez Jr, Dorsey, there’s, CNN it’s Organizations: Fontana, California CNN, CNN, Fontana Police Department, THE, US, ” Police, Police, that’s, Los Angeles International Airport, City of, City Locations: California, Fontana , California, Fontana, Los Angeles, Oakland , California, Northern California, City of Fontana, “, United States

☆ NFL team sales are likely to stall as valuations soar
▼ + stars: | 2024-09-05 | by ( Alex Sherman | ) www.cnbc.com time to read: +10 min

Abbie Parr | Getty Images Sport | Getty ImagesThe Seattle Seahawks may be the next National Football League team to sell. The average NFL team is now worth $6.49 billion, and no team is valued at less than $5.25 billion, according to CNBC's Official 2024 NFL Team Valuations. Seven of the last 10 NFL teams to be sold outperform the S&P 500 on a percentage-gained basis since the sale. Each of the last four NFL team sales has set a new record, showcasing the rise in valuations. WATCH: New England Patriots owner Robert Kraft on new NFL private equity ruleswatch now

Persons: Abbie Parr, Paul Allen, Allen's, Jody, Marc Ganis, Roger Goodell, It's, There's, Neal Pilson, That's, Ganis, —, Daniel Snyder, Josh Harris, Terry Pegula, Kim, Ralph Wilson, David Tepper's, Jerry Richardson, Rob Walton, Pat Bowlen, Virginia Halas McCaskey, George Halas, McCaskey, George McCaskey, They're, Goodell, Curtis Martin, Tracy Gallagher, Gallagher, Robert Kraft, Kraft Organizations: Getty, Seattle Seahawks, National Football League, Former Seahawks, Microsoft, NFL, Disney, National Basketball Association, Netflix, CBS Sports, Pilson Communications, NBA, Washington, Philadelphia 76ers, National Hockey League's New Jersey Devils, Billionaire, Buffalo Bills, Carolina Panthers, Panthers, Walmart, Denver Broncos, Bills, Broncos, Chicago Bears, Bears, The Miami Dolphins, Los Angeles Chargers, Ares Management, Sixth Street Partners, Arctos Partners, Equity, Blackstone, Carlyle Group, Capital Partners, Arta Finance, NHL, Major League Baseball, New England Patriots, CNBC Locations: U.S, Spain, Germany, Brazil

☆ Why 'fake heiress' Anna Sorokin, quietly released from house arrest, can compete in 'Dancing With the Stars' with an ankle monitor
▼ + stars: | 2024-09-04 | by ( Caralynn Matassa | Jacob Shamsian | ) www.businessinsider.com time to read: +4 min

On Wednesday, ABC announced that Sorokin — who in 2019 was convicted of conning banks, hotels, and individuals out of money by posing as a European heiress named Anna Delvey — would join the cast of "Dancing With the Stars" season 33. Sorokin finished her prison sentence (which she previously called "a huge waste of time") for her crimes in February 2021. Shortly after she was released from prison, an immigration judge put her under house arrest in New York and banned her from using social media. Related storiesAnna Delvey having to wear an ankle monitor in her #DWTS promo photo is absolute perfection. Advertisement"Dancing With the Stars" season 33 airs September 17 on ABC and Disney+ and streams on Hulu the next day.

Persons: —, Anna Sorokin, Sorokin, Anna Delvey —, Jenn Tran, Tran's, Joey Graziadei, Phaedra Parks, Anna Delvey, Anna, John Sandweg —, Sandweg, She's, Pornhub, Kelly Cutrone Organizations: Service, ABC, Business, Netflix, Customs Enforcement, ICE, Barack, New, Disney, Hulu Locations: European, York, Immigration, United States, New York

☆ India's Modi expected to usher in new era of bilateral agreements in Singapore visit
▼ + stars: | 2024-09-04 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +4 min

Indian Prime Minister Narendra Modi during the launch of BJP membership campaign on Sept. 2, 2024 in New Delhi, India. Modi will also be meeting Singapore President Tharman Shanmugaratnam, Senior Minister and former Prime Minister Lee Hsien Loong, and Emeritus Senior Minister Goh Chok Tong during his two-day visit. Dean Kassim | Afp | Getty ImagesEarlier this week, the Indian prime minister made his inaugural trip to Brunei where he met Sultan Hassanal Bolkiah. Modi is India's first prime minister that has made a bilateral visit to the oil-rich country. The Indian prime minister had also visited Italy for the G7 summit, Russia, Ukraine and Poland in the last three months since his reelection.

Persons: Narendra Modi, Lawrence Wong, Modi, Tharman Shanmugaratnam, Lee Hsien Loong, Goh Chok Tong, Anit Mukherjee, Mukherjee, Dean Kassim, Sultan Hassanal Bolkiah, Omar Ali Saifuddien, Nirmala Sitharaman, Jaishankar, Wong, Vivian Balakrishnan, Balakrishnan Organizations: Indian, Hindustan Times, Getty, Singapore, Senior, King's College London, CNBC, Imports, Brunei International, Afp, High Commission of, Institute of South Asian Studies, Finance, Foreign Locations: New Delhi, India, Singapore, Asia, Bandar Seri Begawan, Brunei, High Commission of India, Italy, Russia, Ukraine, Poland, Lion City

☆ Robinhood lets Brits lend shares for extra income in bid to grow international footprint
▼ + stars: | 2024-09-04 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

In this photo illustration, the Robinhood Markets Inc. website is shown on a computer on June 06, 2024 in Chicago, Illinois. You can think of stock lending like "renting" out your stocks for extra cash. Customers are able to sell lent stock at any time and withdraw proceeds from sales once the trades settle, Robinhood said. It is not guaranteed stocks lent out via its lending program will always be matched to an individual borrower, however. "Stock Lending is another innovative way for our customers in the UK to put their investments to work and earn passive income," Jordan Sinclair, president of Robinhood U.K., said in a statement Wednesday.

Persons: —, Robinhood, Jordan Sinclair Organizations: Robinhood, Wednesday Locations: Chicago , Illinois, U.K

☆ 10 ways a travel management program can benefit your small business
▼ + stars: | 2024-09-04 | by ( Sponsor Post | ) www.businessinsider.com time to read: +7 min

Business travel management programs, like IHG's Business Edge, make booking travel easier and more efficient. According to the US Travel Association, total business travel spending is expected to reach $280.8 billion by 2026. Projected US business travel spending by yearYear Projected US Business Travel Spending 2023 $247.8 2024 $265.5 2025 $276.3 2026 $280.8 2027 $282.7Below are a few ways a travel management program like IHG Business Edge can help small- and medium-sized businesses manage employee travel more effectively — no matter where they're going. Small business travelers front and centerIHG Business Edge has worked hard to understand the needs of small businesses. Travel for work — and funIn addition to business travel, employees can use their IHG Business Edge membership for personal vacation.

Persons: they're, that's Organizations: Business, US Travel Association, Resorts, Travelers, IHG, Dell Technologies, Getty Images, Edge, Best, Insider Studios Locations: —, IHG.com

☆ This new air-to-air missile appears to be the US Navy's answer to the growing reach of China's weapons
▼ + stars: | 2024-09-04 | by ( Chris Panella | ) www.businessinsider.com time to read: +7 min

The missile helps to close the gap between US capabilities and those of China, which is fielding new beyond-visual-range air-to-air missiles with reach. Related storiesIn the most recent Pentagon report on Chinese military developments, officials noted its work on "beyond-visual-range air-to-air missiles." The PL-15 was China's answer to the US AIM-120D Advanced Medium-Range Air-to-Air Missile (AMRAAM). U.S. Navy photo by Mass Communication Specialist 2nd Class Isaiah B. GoesslThe air-to-air missile range game is expected to continue though. As the Pentagon noted in its report, China is at work on its air-to-air missiles, and the US is likewise working on next-generation systems like the AIM-260.

Persons: —, Carl Vinson, Douglas Barrie, pBur3mhRQs, 0L2bNLgTUi —, Justin Bronk, Joshua Sapien, It's, Bronk, Zheng Shuai, China's, Isaiah Organizations: Service, US Navy, AIM, Business, Navy, Hornets, Nimitz, Hawaii's, People's Liberation Army Air Force, International Institute for Strategic Studies, U.S . Navy, 0L2bNLgTUi — Doha, US AIM, Air Missile, Royal United Services, Hornet, RIM, Getty, Navy's, Observers, American, aircraft, Pentagon Locations: China, Washington

☆ Most striking hotel workers are back on the job, but the strike continues in San Diego
▼ + stars: | 2024-09-04 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —Most of the 10,000 hotel workers who went on strike during the busy Labor Day weekend have returned to work Wednesday, but one group of 700 union members in San Diego will stay on strike for the foreseeable future. Those workers, employed at the Hilton San Diego Bayfront, will remain on strike until there is a contract agreement, their union, Unite Here, says. The union has not ruled out using the same rolling strikes strategy this time, or expanding the strike to other locations. The strategy is intended to help workers keep as many days of pay as possible during a contract negotiation. Beyond the hotel workers, limited duration strikes have been used to win labor deals for school employees in Los Angeles, health care workers at Kaiser Permanente, janitors, nursing home employees and other workers in Minnesota who went on strike together in March.

Persons: Hilton San Diego Bayfront, spokespeople, Hilton, ”, Gwen Mills, Taylor Swift Organizations: New, New York CNN, Labor, Hilton San Diego, Hilton San, Hyatt, “ Workers, Union, Kaiser Permanente Locations: New York, San Diego, Hilton San Diego, Marriott, Los Angeles, Orange counties , California, Southern California, Europe, Kaiser, Minnesota

☆ Burberry's FTSE relegation confirms a long fall from grace for the luxury fashion icon
▼ + stars: | 2024-09-04 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +6 min

The company slipped into the FTSE 250 during September's quarterly rebalancing, index provider FTSE Russell said in a statement, bringing its 15-year run in the U.K. large-cap FTSE 100 blue-chip index to a close. The company's current market cap of £2.34 billion ($3.06 billion) now puts it well below the other constituents of the FTSE 100, as well as some of the top performers in the FTSE 250. As such, funds that invest in the FTSE 100 will exit their Burberry holdings. The luxury label's addition to the FTSE 100 in September 2009 was taken as a further mark of its enduring appeal and its resilience, even amid the global financial crisis. The luxury sector as a whole has suffered from a prolonged downturn in consumer spending amid inflationary pressures and broader economic uncertainty.

Persons: Dave Rushen, Burberry Burberry's, Edward Berthelot, —, Joshua Schulman, Luca Solca, Bernstein, Michael Kors, Josh Schulman, Solca, Burberry, Piral Dadhania, Richard Chamberlain, Schulman, Gerry Murphy, Cole Smead, Henry Nicholls, Smead, Hugo Boss, Gucci, Kering Organizations: UNITED, Burberry, New Bond, Getty, LONDON, Burberry Group, Russell, London Stock Exchange, jittery, CNBC, RBC, Sky News, Smead Capital Management, Afp Locations: UNITED KINGDOM, Basingstoke, England, British, U.S, London, China, Asia, Japan

☆ National Suicide Prevention Month: How to reduce suicide risk
▼ + stars: | 2024-09-04 | by ( Kristen Rogers | ) edition.cnn.com time to read: +8 min

Not everyone who attempts suicide has a mental health conditionOne of many common myths about suicide is that only people with mental health conditions have suicidal thoughts or attempt suicide. Describing a suicide attempt as “successful” is also problematic, as taking one’s life is not a positive achievement. “Failed suicide attempt” can suggest that surviving isn’t the best outcome or that there’s something lacking in the character or willpower of the attempter. Given these factors, when referring to suicide, appropriate language includes “died by suicide,” “fatal suicide attempt,” “killed herself” or “took his own life,” experts said. Acceptable shorthand ways to communicate not dying from an attempt include “nonfatal suicide attempt” or simply “suicide attempt.”Using more compassionate language to discuss suicide can also improve empathy and strategies for reducing suicide risk, experts said.

Persons: CNN —, Mitch Prinstein, Prinstein, John Van Seters, Justin Baker, ” Baker, haven’t, isn’t, That’s, Michael Roeske, I’ve, life’s, —, Roeske, “, Jacek Debiec, ” “, ” Organizations: International Association for Suicide Prevention, Befrienders, CNN, US Centers for Disease Control, American Psychological Association, Neuroscience, University of North, Prevention, Initiative, Veterans, Ohio State University, Globally, University of Michigan Locations: United States, University of North Carolina, Chapel

☆ Airplane engines are in short supply. The business of fixing older ones is booming
▼ + stars: | 2024-09-04 | by ( Leslie Josephs | ) www.cnbc.com time to read: +7 min

It's all piling up, and aircraft engine shops around the world are overflowing. American Airlines ' solution is to do more of the work itself. "We just have one customer and that's American Airlines doing our work," American's chief operating officer, David Seymour, said. GE Aerospace brought in $11.7 billion from engine maintenance, repairs and overhaul in the first half of 2024, making up 65% of its revenue. An airplane engine at American Airlines' test cell in Tulsa, Oklahoma.

Persons: David Seymour, Tulsa , Oklahoma Erin Black, It's, France's Safran, Seymour, Leslie Josephs, Thomas Toepfer, Kevin Michaels, Martin Gauss, Pratt, that's, Advisory's, Erin Black, Michaels Organizations: Boeing, Airbus, Alton Aviation Consultancy, GE Aerospace, GE, Pratt & Whitney, Royce, American Airlines, Airlines, CFM, CNBC, Tulsa International Airport, American, JetBlue Airways, Spirit Airlines Locations: TULSA, Okla, Tulsa , Oklahoma, Tulsa, American's, Riga, Latvia

☆ U.S. targets Russia over 2024 election influence operation
▼ + stars: | 2024-09-04 | by ( Dan Mangan | ) www.cnbc.com time to read: +4 min

The DOJ said it was seizing 32 Internet domains "used in Russian government-directed foreign malign influence campaigns colloquially referred to as 'Doppelganger,' in violation of U.S. money laundering and criminal trademark laws." Those alleged efforts include the use of RT, the English-language media network backed by Russia, to influence U.S. opinion. The Biden administration on Wednesday announced sanctions targeting Russian government-backed efforts to manipulate American opinion leading up to the 2024 election. An unidentified Russia Today anchor prepares to go on the air in the RT TV studio in Moscow, June 8, 2018. Investigations later found that there was a coordinated effort by Russia to support his candidacy over the then-Democratic nominee, Hillary Clinton.

Persons: General Merrick Garland, Kostiantyn Kalashnikov, Elena Afanasyeva, Biden, Vladimir Putin, Merrick Garland, Margarite Simonova Simonyan, Elizaveta Yuryevna, Anton Sergeyvich Anisimov, Antony Blinken, Rossiya, Blinken, Joe Biden, Kamala Harris, Harris, Donald Trump, Trump, Hillary Clinton, RT's, RT, Clinton Organizations: Justice Department, DOJ, Department of Justice, Wednesday, RT, U.S, U.S . Treasury Department, State Department, RIA Novosti, Novosti, Sputnik, U.S . Foreign, NBC News, Democratic, Republican, White House, Investigations, NBC Locations: Washington , DC, Tennessee, Manhattan, American, Russia, Moscow, Ukraine, U.S, Russian

☆ Deep-water murder mystery leads scientists to a novel type of shark-on-shark predation
▼ + stars: | 2024-09-03 | by ( Evan Bush | Evan Bush Is A Science Reporter For Nbc News. | ) www.nbcnews.com time to read: +4 min

Just weeks before a pregnant porbeagle shark was expected to give birth, one of the two tracker tags marine scientists had placed on the animal floated to the surface near Bermuda. Of 11 porbeagle sharks researchers tagged, eight were pregnant, including this one. Before this, researchers didn’t think it was even possible that porbeagle sharks could be preyed upon, she added. The team’s original goal was to trace pregnant porbeagle sharks throughout their pregnancy and figure out where the creatures typically go to give birth. Porbeagle sharks are listed as vulnerable by the International Union for Conservation of Nature because they were overfished beginning in the 1960s.

Persons: “, ”, Brooke Anderson, ” Anderson, Jon Dodd “, Anderson, Matt Davis, Davis Organizations: Arizona State University, Marine, NASCAR, Maine Department of Marine Resources, International Union for Conservation Locations: Bermuda, Cape Cod , Massachusetts, believability, ”

U.S. adults will wager $35 billion this NFL season, according to projections from the American Gaming Association. Since last NFL season, Maine, North Carolina and Vermont have allowed sports betting operators to launch in their states. "The NFL season is our biggest acquisition period of the year," said Christian Genetski, president of FanDuel, the nation's leading sportsbook. Since then, Fanatics Sportsbook acquired PointsBet's U.S. operations and technology, which is now fully integrated. It first launched in November last year, smack in the middle of NFL season.

Persons: Joe Milton III, Kyu Blu Kelly, Scott Taetsch, Churchill, Christian Genetski, FanDuel, It's, Michael Rubin's, Sportsbook, Pavlo Gonchar, Matt King, King, DraftKings, Penn, Jay Snowden, Gabby Jones Organizations: New England Patriots scrambles, Getty, American Gaming Association, National Football League, NFL, International, Caesars, MGM Resorts, New York Stock Exchange, Rush Street Interactive, FanDuel, YouTube, PointsBet's, Lightrocket, CNBC, Penn Entertainment, ESPN Bet, Disney, ESPN, Bloomberg Locations: Landover , Maryland, Maine, North Carolina, Vermont, Florida, Washington, Penn, Entain, New York

☆ Glory days for automakers like Ford, General Motors in China are over
▼ + stars: | 2024-09-03 | by ( Hanna Ziady | ) edition.cnn.com time to read: +10 min

London CNN —Foreign automakers have dominated China’s car market for decades, selling millions of vehicles and raking in enormous profits. Ford (F) and General Motors (GM) are also among firms seeing sales and market share vanish in China as local consumers spurn overseas brands to buy Chinese instead. The American automaker’s sales in China have halved from a peak of above 4 million in 2017 to 2.1 million last year. Last year, BYD sold a record 3.02 million vehicles globally, including plug-in hybrids, up 62% from 2022. Months later, Stellantis (STLA), which makes Citroen, Fiat, and Peugeot cars, bought a 20% stake in Chinese EV maker Leapmotor for about €1.5 billion ($1.7 billion).

Persons: Arno Antlitz, GM’s, Mary Barra, ”, Michael Dunne, Dunne, Xi Jinping’s, Tesla, Yilei Sun, Reuters Tesla, Li, Tu Le, Le, BYD, ” Dunne, Raul Bravo, Stellantis, “ Organizations: London CNN — Foreign, Volkswagen, Wolfsburg, Toyota, General Motors, China Passenger Car Association, Foreign, Japan’s Mitsubishi Motors, Honda, Hyundai, Ford, GM, EV, Tesla, Yilei, Reuters, International Energy Agency, “, CNN, Visitors, Automotive, Xinhua, Shutterstock, Auto, “ Global, UBS, Port, Citroen, Fiat, Peugeot, Leapmotor, Hedin Locations: China, London, Germany, Europe, American, Shanghai, Tesla's Shanghai, Beijing, EVs, Japan, North America, San Antonio, Chile, Chilean, AFP, Xpeng, Thailand, Hungary

☆ First France, now South Korea — Telegram's legal troubles are only growing. Here's why
▼ + stars: | 2024-09-03 | by ( Dylan Butts | ) www.cnbc.com time to read: +3 min

Nurphoto | Nurphoto | Getty ImagesFollowing the recent arrest of its founder in France, Telegram is now facing potential legal troubles in South Korea. Parallels in the casesDurov, the 39-year-old Russian-born billionaire, was arrested by French authorities following a preliminary investigation into Telegram launched on July 8. Similar to South Korea's investigation, French authorities were probing the platform's role in the distribution of pornographic images of minors, as well as facilitating organized crime, drug trafficking and fraud. Telegram's refusal to share information with investigators when required by law has also been noted in the French investigation. Now, in South Korea, they are attracting distributors of deepfake porn.

Persons: Pavel Durov, Durov, Woo Jong, Woo Organizations: Nurphoto, Yonhap News Agency, National Office of Locations: Krakow, Poland, France, South Korea, Russian, U.S, Brazil, Germany

☆ Dow falls by more than 600 points as September turns ugly
▼ + stars: | 2024-09-03 | by ( Lucy Bayly | ) edition.cnn.com time to read: +3 min

New York CNN —Wall Street kicked off the month of September with a bust, after a disappointing economic report dragged down the Dow by 626 points, or 1.5%, Tuesday afternoon. Traders were already jittery ahead of a big month of economic news, from Friday’s key jobs report to next week’s inflation readings and then the long-awaited rate cut from the Fed mid-month. Investors were reacting to a weaker-than-expected jobs report that underscored fears that the Fed had mishandled inflation and pushed the economy right into a recession. Friday’s jobs report is arguably the most important piece of economic data that central bank officials will have to parse before their monetary policy meeting on September 17-18. International benchmark Brent fell to $73.70 a barrel and US benchmark West Texas Intermediate closed at just above $70 a barrel.

Persons: ”, Mark Hamrick, Brent Organizations: New, New York CNN, Wall, Dow, Institute for Supply Management, Federal Reserve, Traders, Nasdaq, Investors, Fed, Oil, OPEC, West Texas Locations: New York, stoke, payrolls, Libya

☆ The UK is shutting off some arms shipments to Israel amid growing cries for a cease-fire in Gaza, but some experts say it's not enough
▼ + stars: | 2024-09-03 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewUK officials said Monday that the country would suspend the export of some arms to Israel. It came days after Israel said it recovered the bodies of six hostages, whom the country said had been killed by Hamas in a tunnel in Gaza. "At a time when we mourn 6 hostages who were executed in cold blood by Hamas inside tunnels in Gaza. Though the consequences of the UK's decision on the wider war may ultimately be limited, its impact may hold more symbolic weight on the geopolitical stage.

Persons: —, Israel, David Lammy, Lammy, Sam Perlo, Freeman, Yoav Gallant, Gallant, Joe Biden, Benjamin Netanyahu, Netanyahu's, Josh Paul, Paul, Jamal Khashoggi, Still, Netanyahu Organizations: Service, Business, British, Trade, AP, Israeli, Gaza Health Ministry, Committee, Democracy Locations: Israel, Gaza, Tel Aviv, Iran, Lebanon, Hezbollah, Saudi, East, North Africa, Egypt

☆ The US Air Force's potential shift to adaptable 'light fighters' to solve budget woes is more complicated than it seems
▼ + stars: | 2024-09-03 | by ( Alex Hollings | Sandboxx News | ) www.businessinsider.com time to read: +32 min

US Air Force photo illustration by Staff Sgt. The Air Force needs new missiles, new bombers, and new fighters — but is struggling to pay for them allThe B-21 Raider in flight at Edwards Air Force Base, California. Cultural inertia in the fighter businessUS Air Force fighter aircraft fly in formation. A rendering of a future crewed next-generation air dominance aircraft by the US Air Force Research Laboratory. Nonetheless, for a cash-strapped Air Force, this would be a significant challenge.

Persons: David Allvin, Parth Satam, Allvin, Madeline Herzog, that's, it's, Will Roper, I'm, Charles, CQ, Brown, Preston Cherry, America's, Lockheed Martin, Northrop Grumman, Marine Corps Lockheed Martin, Peter Nicholls, —, Danielle Purnell, Frank Kendall, Tom Williams, Will Roper's, Kendall —, I've, Kendall, there's, Northrop Grumman's, Roper, Giancarlo Casem, today's, they've, wouldn't, John Raven, James M, Holmes, we've Organizations: Service, senior Air Force, Air Force, Global Air, Space Chiefs, Conference, UK's, Space Power Association, Business, Fighter, US Air Force, Force, American, Next, Sabre, Convair, Delta Dart, Rand Corporation, National Museum of, Staff, Joint Chiefs, Raptors, Royal Norwegian Air Force, Senior, Boeing, Lockheed, US, Marine Corps Lockheed, Royal International Air, Reuters, Getty, Capitol, Raider, Air, Edwards Air Force Base, DARPA, USAF, III, America, Minuteman, Sentinel missile, Pentagon, Lockheed Martin Aeronautics Company, Sentinel, Defense, Tech, Combat Command, US Air Force Research Laboratory, Sandboxx Locations: London, American, Fairford, Britain, Fort Worth, California, United States, Soviet Union, Marietta , Georgia, America, Europe

☆ I've spent 50 years in one of the 'best places to live.' I love it, but that doesn't mean moving here is a good idea.
▼ + stars: | 2024-09-03 | by ( Helen Wolkowicz | ) www.businessinsider.com time to read: +10 min

Montreal is a gem of a city: It's safe and walkable, with a vibrant nightlife and a cultural calendar packed with events. It's also one of the fastest-growing cities in Canada, so why wouldn't you want to get in on the action? AdvertisementIt has become harder for Montreal renters to check everything off their wish lists without raising budgets. AdvertisementGiven the condition of Montreal's housing market, our "starter" is now just our forever home. Christopher O'Donnell/ShutterstockBusinesses also have to compete against the city's carousel of construction projects, which can reduce foot traffic, among other issues.

Persons: —, It's, I've, Lisette Jemmott, Anatoli Igolkin, Jemmott, she's, Michael Falduto, isn't, Catherine Zibo, Falduto, it's, Glenn Castanheira, Marc Bruxelle, Yönder, Christopher O'Donnell, Castanheira, Helen Wolkowicz Organizations: Service, Business, The Coalition, Housing Committees, Associations of Quebec, McGill, Concordia, Concordia University, City, Montreal —, Montreal Locations: Finland, Montreal, Canada, Canadian, Toronto, Quebec, City of Montreal

☆ China detains artist for scathing Mao works created more than a decade ago, family says
▼ + stars: | 2024-09-03 | by ( Nectar Gan | ) edition.cnn.com time to read: +10 min

At the height of their careers, the Gao Brothers created provocative sculptures of Mao in a country notoriously sensitive about its former ruler’s legacy. Due to the “deteriorating environment” in China, Gao Zhen relocated to New York two years ago when his son, an American citizen born in the US, reached school age, Gao Qiang said. “Before he set off, his friends and family — myself included — had all reminded him to consider whether it was safe to go,” Gao Qiang said. “Our father’s death was a devastating disaster for our family.” Gao Zhen told the Southern People Weekly, a once-outspoken news outlet, in 2010. Gao Zhen’s detention shows that freedom of expression in China has shrunk significantly compared to a decade ago, Gao Qiang said.

Persons: Mao Zedong, Gao Zhen, China’s, ”, Gao Qiang, Gao Brothers, Mao, Xi Jinping, “ Miss Mao, ’, Du Yinghong, —, “, ” Gao Qiang, Gao Zhen’s, ‘ Miss Mao, Gao, David Gray, Yue Minjun, “ uglifying, Donald Trump, Vladimir Putin Organizations: Hong Kong CNN, CNN Sunday, Chinese Communist Party, CNN, ”, Police, Reuters, Communist Party, Southern People, Ukraine, Centre Pompidou, San Francisco Museum of Modern Art Locations: Hong Kong, China, Beijing, New York, Hebei province’s Sanhe, American, Yanjiao, Hebei, Sanhe, India, “, Paris , New York, Moscow, Berlin, Paris

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