DIRS.INFO The most relevant business & tech news

☆ Why economists and strategists still say a recession is postponed, despite a startling inflation report
▼ + stars: | 2024-10-13 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Contradictory messages about inflation and the labor market have investors on guard. Price growth is slowly falling from its peak, but it exceeded expectations in September after a hot reading in August. AdvertisementInflation is a threat that won't sink the economyWhile there's plenty of economic data to get excited about, persistent price growth is a problem. "If we're going to be data dependent, we have to at least look at the data," Sosnick said. Higher-than-hoped inflation is rarely compatible with an economic downturn, so if price growth does persist, it likely won't be in an earnings-crushing contraction.

Persons: —, Steve Sosnick, they've, John Kerschner, Janus Henderson, Sosnick, Preston Caldwell, Morningstar's, Jim Baird, Plante, Baird, Joe Quinlan —, Skyler Weinand, Regan, Weinand, We've Organizations: Service, US, of Labor Statistics, Federal Reserve Bank of Atlanta, Interactive Brokers, Business, Manufacturing, Index, Janus, Janus Henderson Investors, Equity, Financial, Merrill, Private Bank, Bank of America, Regan Capital, Fed Locations: China

☆ Lithuanians vote in parliamentary election with many looking for change despite a strong economy
▼ + stars: | 2024-10-13 | by ( ) www.cnbc.com time to read: +3 min

A recent survey by pollster Vilmorus says that the Social Democratic Party, led by Vilija Blinkevičiūtė, would top the poll, with twice as many votes as Šimonytė's Homeland Union. However no party would obtain more than 20% of the vote, forcing anyone hoping to govern to to look for alliances. "Šimonytė and the entire Homeland Union looks battered, worn out and they would better spend some time on the spare bench." In 2020, Šimonytė led her Homeland Union to victory in the parliamentary election. The runoff is Oct. 27, when the majority of single-member constituencies will vote to choose between the two leading candidates.

Persons: Ingrida, Rima Urbonaitė, Šimonytė, pollster Vilmorus, Vilija Blinkevičiūtė, Nemuno, Remigijus Žemaitaitis, Žemaitaitis, Darius Mikalauskas, Urbonaitė, Gitanas Nauseda Organizations: Social Democrats, Union, Mykolas Romeris University, Social Democratic Party, Šimonytė's, Analysts, Homeland Union, Freedom Party, Liberal Locations: Lithuania, Vilnius, Belarus, Russia, Africa, Russia's Kaliningrad, Ukraine

But the measures that Beijing’s economic planning agency announced this week proved to be an anticlimax — the trillions of yuan that observers were hoping would be revealed never materialized. Beijing might even miss its annual growth target of 5% — a figure it often surpassed prior to the pandemic. But while Chinese officials project confidence, the markets and the country’s public seem less convinced. Its broader financial lethargy and this week’s market turmoil will hardly be welcomed by Beijing. Costphoto / NurPhoto via Getty ImagesDomestic stimulus aside, there have been outward signs that China’s economy is in trouble.

Persons: Xi Jinping, Long Wei, ”, Keyu Jin, Trump, Joe Biden, isn’t, Fu, Miao Yuqing, Miao, Alicia Garcia, Herrero, what’s, Zheng Shanjie, Yue Su, ” Su Organizations: Beijing, Traders, Investors, CSI, Getty Images, London School of Economics, The, Communist Party, U.S, AFP, Getty, “, Asia Pacific, ”, National, Reform, Economist Intelligence Unit Locations: BEIJING, Shanghai, Hong Kong, China, Beijing, Hangzhou, Long, Lianyungang, Natixis, Guizhou province, Washington

☆ China’s ‘New Great Wall’ Casts a Shadow on Nepal
▼ + stars: | 2024-10-12 | by ( ) www.nytimes.com time to read: +14 min

Hilsa Village NEPAL CHINA Area of detail CHINA Humla District NEPAL Kathmandu INDIA 75 miles NEPAL CHINA Hilsa Village CHINA Area of detail Humla District NEPAL Kathmandu INDIA 75 miles Source: OpenStreetMap, ESRI By Agnes ChangThe Nepalis have other complaints, too. “This is the new Great Wall of China,” said Jeevan Bahadur Shahi, the former provincial chief minister of the area. Without proper roads, it takes goat herders three days to cover the seven miles from Simikot, Nepal, to Humla. CHINA NEPAL CHINA-NEPAL BORDER CHINA NEPAL CHINA-NEPAL BORDER CHINA NEPAL CHINA-NEPAL BORDERThe Chinese side used to be nearly as remote, the seclusion broken only by a flow of pilgrims to Mount Kailash, which is holy to four faiths. Just 20 miles away is the junction of China, Nepal and India.

Persons: Nepalis, Agnes Chang, Dalai Lama, ”, Jeevan Bahadur Shahi, Xi’s, Xi, Brian Hart, ” Mr, Hart, Arzu Rana Deuba, —, Saud, Saud’s, “, Mr, Deuba, Pan Yue, China “, Shahi, Lhamu Lama, Hilsa, Pema Wangmu Lama Organizations: Chinese Communist Party, Covid, China Power, Center for Strategic, International Studies, Liberation Army, U.S . Department of Defense, The New York Times, Nepali Home Ministry, The Times, Communist, Security, Guard, Times, National Ethnic Affairs, Nepali Locations: Tibet, Nepal, Nepal’s Humla District, China, Hilsa, NEPAL CHINA, CHINA Humla District NEPAL Kathmandu INDIA, NEPAL CHINA Hilsa, CHINA, Humla, NEPAL Kathmandu INDIA, ESRI, Nepali, Nepal’s Humla, Simikot, Beijing, Washington, Philippine, India, Humla District, N.P, Hulma, Kathmandu, Vietnam, People’s Republic of China, CHINA NEPAL CHINA, NEPAL, Mount Kailash, Xinjiang, Purang, ”, Bhutan, District

☆ With RTO policies on the rise, here's how to elevate your office style this fall
▼ + stars: | 2024-10-12 | by ( Jordan Hart | ) www.businessinsider.com time to read: +5 min

Here are three ways to make sure your professional style is fashion-forward this fall. Brands like Bottega Veneta and Miu Miu (pictured above) embody the San Francisco elite aesthetic. If you want to invoke the "Silicon Valley style," Miu Miu is the high-end brand doing it the best, he said. You can shop for a warm-up jacket that looks similar to one Google might issue to employees, "but instead of Google, it says Miu Miu." Gen Z might be obsessed with secondhand clothes, but Chernyaev said pre-owned clothes aren't always polished enough for the office.

Persons: —, Timothy Chernyaev, Chernyaev, Miu Miu, Nicole Pollard Bayme, she's, Victor VIRGILE, Stella McCartney, Peter White, Bayme, Celine Organizations: Service, Dell, Business, Bottega, San Francisco, Getty, Google Locations: COVID, San Francisco

County election officials in Florida, meanwhile, are facing a potential new challenge after Hurricane Milton made landfall on its western coast late Wednesday. Other county election offices in the state similarly said this week that that they would perform fresh assessments of their election infrastructure following Milton. Chris O'Meara/AP David Jalving throws outdoor furniture into his father's pool in Fort Myers to prepare for Hurricane Milton. Marta Lavandier/AP A man in Progreso boards up an apartment building to protect it from Hurricane Milton on Monday. “We should have the most poll workers we’ve ever had here in Oconee County,” said Ryan Nowland, assistant director of Oconee County elections.

Persons: Hurricane Helene, “ I’ve, ”, Mary Beth Tipton, “ We’ve, ” Tipton, Yancey County, Hurricane Milton, “, ” Brian Corley, Milton, Robert Inman, Inman, Cliff Marr, Marr, ” Marr, Helene, Karen Brinson Bell, Bell, Corinne Duncan, Duncan, ” Duncan, Christopher Heath, Ron DeSantis, Corley, Bill Nye, CNN Kari Ewalt, Osceola, ” Ewalt, they’re, Conway Belangia, I’ve, Belangia, Connie Gore, Cecelia Smith, Crystal Vander, Miguel J, Rodriguez Carrillo, Robert Turick, Turick, Rebecca Blackwell, Cristobal Herrera, Julio Cortez, Giorgio Viera, Ricardo Arduengo, Liz Kelly, Matt, Andrew West, Chandan Khanna, Nadia Zomorodian, Austin, Joe Raedle, Sean Rayford, Marta Lavandier, Jefferee Woo, Bryan R, Smith, Chris Urso, Marco Bello, Brandon Marlow, Marie Cook, Bill Ingram, Reuters Stephen Lundgren, Doug Engle, Ron Rook, Paul Hennessy, Saul Martinez, Payton Wyse, Andrew Goncharsky, Christian Burke, Lee, Connor Ferran, Fort Myers, Nicolette Mariano, Kaila Jones, Damon Higgins, Ted Carlson, McKenzie, Evan Purcell, Purcell's, Anna Maria Island, Carlson, Yamil Lage, Matthew Dominick, NASA Aurelio Ortiz, Lorenzo Hernandez, Mike Carlson, Jose Luis Gonzalez, Reuters John Fedor, Chris O'Meara, David Jalving, Pete, Octavio Jones, Tristan Wheelock, Gerald, Martin Zetina, Gregg Newton, ” Belangia, we’ve, Ryan Nowland, “ We’re, everyone’s Organizations: CNN, Trump, Hurricane, “ Communications, Republican, Republican Gov, Voters, Osceola County’s, South, USA, AFP, Getty, AP, Daytona, Network, Reuters, Bradenton, Tropicana, Major League, Tampa Bay Rays, Celtic Ray Public, Tampa Bay Times, NOAA, Vanguard, School, Ocala, Orlando International Airport, Anadolu, Disney, Fort, Palm Beach Daily, Florida Army National Guard, Tampa General Hospital, NASA, International, Milton, Tampa International Airport, Bloomberg, AP Contractors, New Port Richey, AP Tropicana Locations: Carolina, Hurricane, North Carolina’s Yancey County, Yancey, Florida, Florida’s Pasco County, North Carolina, North Carolina’s, Haywood County, North Carolina’s Polk County, ”, Buncombe County, Asheville, Covid, Orange County, Milton, Pasco County, South Carolina, Greenville County, ” County, Martin County , Florida, Port St Lucie , Florida, Englewood , Florida, Manasota Key, Hurricane Milton, Venice , Florida, Riverview , Florida, Lakewood Park , Florida, Siesta Key, Punta Gorda , Florida, North Fort Myers , Florida, Siesta, Volusia, South Daytona , Florida, Bradenton Beach, St . Petersburg, Punta Gorda, Odessa , Florida, Venice, Matlacha , Florida, Palmetto Beach, Tampa, Bradenton , Florida, St . Petersburg , Florida, Clearwater, AFP, Sarasota , Florida, Segundo, Davis, Fort Myers , Florida, Wellington , Florida, Palm, Ocala , Florida, County, Wellington, Orlando, Gulfport , Florida, Lee County, Fort Myers, Sebastian , Florida, Palm Beach , Florida, Palm Beach, Havana, Cuba, Celestún, Mexico, Port Richey , Florida, Tampa Bay, Treasure Island , Florida, St, Pete Beach , Florida, Treasure, Fort Myers Beach, Progreso, New Port, Kissimmee , Florida, Pickens County, Oconee County, Oconee

☆ Elon Musk is on track to become a trillionaire by 2027. Here's why the rich keep getting richer
▼ + stars: | 2024-10-12 | by ( Charlotte Morabito | In Charlottemorabito | ) www.cnbc.com time to read: +3 min

Elon Musk is on track to become the world's first trillionaire by 2027, according to a recent report from Informa Connect Academy. Of the world's billionaires, Musk is the closest to that 13-figure mark, and his wealth is growing. At the start of 2020, Musk was worth about $28.5 billion, according to the Bloomberg Billionaires Index. "Over the past quarter century in particular, changes in tax policy have made it much more difficult to tax the rich," Sabelhaus said. Watch the video above to learn more about how the rich keep getting richer and what it means for the U.S. economy.

Persons: Elon Musk, Musk, Jeff Bezos, James Pethokoukis, Pethokoukis, John Sabelhaus, Sabelhaus Organizations: Informa Connect, Bloomberg, American Enterprise Institute, Federal Reserve, Brookings Institution Locations: U.S

☆ I moved from the US to South Africa 3 years ago. It's easier to achieve the American dream here.
▼ + stars: | 2024-10-12 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +7 min

Christian Salafia, a 51-year-old semi-retired American, moved to South Africa in 2021. I moved to South Africa for my now-wife three years ago. Courtesy of Christian SalafiaDiscovering South AfricaWhen I stepped out of the plane for the first time in South Africa, I felt immediately relaxed. Christian Salafia and his wife Kim when he moved permanently to South Africa in August 2021. Everyone here knows South Africa has its problems — electricity, water, corruption, and crime — but it doesn't seem to faze anyone.

Persons: Christian Salafia, —, I've, Kim, Covid, Salafia, we're, you've, it's Organizations: Service, US Navy, Facebook, Christian, Central America Locations: American, South Africa, Florida, New, Tallahassee , Florida, Africa, Western, Romania, Namibia, Tanzania, Botswana, Central

☆ Oregon, Dan Lanning earn signature win vs. Ohio State, raising big-game pressure on Ryan Day
▼ + stars: | 2024-10-12 | by ( Ralph Russo | Cameron Teague | ) www.nytimes.com time to read: +12 min

2 Ohio State 32-31 in a back-and-forth thriller that lived up to the billing as one of the biggest games in Autzen Stadium history. Ohio State has tied for the third-best odds, falling just three percentage points to 93 percent. Go inside Autzen Stadium as Oregon fans storm the field following a thrilling win over Ohio State. At times in the games in which Ohio State has fallen short, Day’s decision-making and play calling have been points of contention. Last year, Ohio State was one of the best teams in the country at limiting explosive plays.

Persons: Atticus Sappington, Will Howard, alf, tate, ricks, Du, Jo Organizations: Oregon, Ohio State, Autzen, Ducks, Buckeyes, College Football, tate, ashington, ust, UC Locations: EUGENE, Oregon

☆ China’s censorship is among the toughest in the world. So why did it let Kanye West play?
▼ + stars: | 2024-10-12 | by ( Chris Lau | ) edition.cnn.com time to read: +9 min

Hong Kong CNN —It seemed like an unlikely stage for Kanye West to unveil his new music. Music fans cheer during Kanye West's Vultures Listening Experience at Wuyuan River Stadium on September 15, 2024. One of the fastest-growing in the world, China’s music market became the fifth-largest market globally in 2022, according to IFPI, a trade body for the recorded music industry. China’s recorded music revenues grew 28.4% in 2022 from the year prior, compared with the global market rise of 9%, IFPI said. Bieber “engaged in a series of bad behaviors, both in his social life and during a previous performance in China,” China’s Ministry of Culture announced in 2015, without going into details.

Persons: –, Ye –, Ye, ”, Luo Yunfei, Xi Jinping, China “, Chen Dan, Mariah Carey, John Legend, Charlie Puth, Chen, Kanye, ” Chen, “, Ye’s, China’s, Hung Ho, fung, Bon, Jovi’s, Lama, Justin Bieber, Jay, Lady Gaga, Bieber “, Culture “, Ho, Johns Hopkins, it’s Organizations: Hong Kong CNN, Kanye, Communist Party, German, Adidas, Sports, Chinese Communist Party, China News Service, University of, Travelers, Xinhua, Kanye West, Visual China, Johns Hopkins University ., Oasis, China’s Ministry of Culture, Ministry, Culture, China, Nanjing University, China Daily, University of Richmond Locations: Hong Kong, China, Hainan, Hainan’s, Haikou, Beijing, Shanghai, “, Tokyo, British, Asia, Nanjing, Johns

Her case is far from unique, however: Hospitals across the United States have said they’re taking steps to conserve their supply of IV fluids, including postponing or canceling nonemergency surgeries. IV fluids do more than deliver drugs or electrolytes directly into a patient’s bloodstream. On Monday, the AHA urged President Joe Biden to declare a nationwide emergency over the limited supply of IV fluids. She’s been dependent on IV nutrition, which delivers nutrients directly into her bloodstream, for more than eight years. Hannah Hale, in 2016 on her first day home after a long hospitalization, with her TPN, or IV nutrition.

Persons: Yvonne Hemz, Abbott Northwestern, Hurricane Helene, Hemze, hasn’t, ”, They’re, Chris DeRienzo, Joe Biden, Hannah Hale, Baxter, Hale, She’s, “, ” Hale, It’s, won’t, ASPR, Alli Longenhagen, Kabi, they’ve, Paul Biddinger, Brigham, Robert, Robert —, —, I’m Organizations: Baxter International, NBC News, Health, Abbott Northwestern, Allina Health, Gatorade, American Hospital Association, AHA, The New York Times, NBC, Food and Drug Administration, U.S, FDA, Administration, Strategic Preparedness, Department of Health, Human Services, Braun, Mass Locations: Farmington , Minnesota, North Carolina, United States, U.S, Dallas, Canada, China, Ireland, United Kingdom, Hale, Daytona Beach , Florida, Hurricane Milton, Boston, Chicago

But Putin is not the only foreign leader Trump is talking to. And it is hardly unusual for a presidential nominee to begin holding some talks with foreign leaders. After the first attempt to assassinate Trump, in July, foreign leaders quickly moved to offer him their well-wishes. Trump has hosted Netanyahu and his wife, Sara, Hungarian Prime Minister Viktor Orbán, former Japanese Prime Minister Taro Aso and former British Prime Minister David Cameron when he was the U.K.’s foreign secretary. Katulis was referring to the trove of classified documents Trump kept from his time in office that have become the subject of a criminal case, many of them about his communications with foreign leaders.

Persons: WASHINGTON —, Donald Trump, Vladimir Putin —, Trump, —, Putin, Xi Jinping, ”, Russia —, Evan Gershkovich, Biden, Bob Woodward’s, ” Trump, Keir Starmer, Volodymyr Zelenskyy, Saudi Crown Prince Mohammed bin Salman, Benjamin Netanyahu, Melania Trump, King Charles “, Mahmoud Abbas, Andrzej Duda, Duda, Netanyahu, Sara, Viktor Orbán, Taro Aso, David Cameron, Trump’s, Daniel Fried, Bill Clinton, George W, Bush, Barack Obama, I’ve, ” Fried, ” Keith Kellogg, Fried, “, ” He's, Brian Katulis, Katulis, ” Said, Woodward, “ Biden, ‘, ’ ” Trump, ’, Karoline Leavitt, Steven Cheung Organizations: WASHINGTON, White, Trump, Democratic Party, Street Journal, British, Saudi Crown, Israeli, ”, Republican National Convention, Palestinian, Ukraine, U.S, Republicans, Middle East Institute, ’ Locations: Manhattan, Palm Beach , Florida, Israel, Ukraine, Russia, American, Russian, Iran, New York, Hungarian, U.S, Poland, Clinton, today’s America, North Korea

☆ Rich people are obsessed with longevity. Luxury hotels are cashing in by charging guests up to $40,000 for IV drips and MRIs before they hit the pool.
▼ + stars: | 2024-10-11 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +5 min

Luxury hotels are offering guests longevity packages that can cost tens of thousands of dollars. AdvertisementFrom offering guests IV drips for hangovers to personalized nutrition programs and full-body MRIs, luxury hotels are upping their wellness game — and wealthy Americans are ready for it. "It's astounding the speed in which a new focus on longevity is rewriting the wellness market," she said. AdvertisementThe global wellness market — which encompasses beauty, healthy eating, spas, wellness tourism, personalized medicine, and more — was valued at $5.6 trillion in 2022, up from $3.4 trillion in 2013, according to the Global Wellness Institute. Luxury hotels want to cash in on the longevity trendBlink and you'll miss an announcement for a new longevity-themed program.

Persons: —, Bryan Johnson, Beth McGroarty, Mark Hyman, Tony Robbins, Sam Nazarian, Robbins, Nazarian, COVID Organizations: Service, Global Wellness Institute, Consulting, Clinique, Next, Bloomberg, Times Locations: Clinique La, Swiss, Dubai, St Kitts, sbe, London

South Korea's central bank has cut its benchmark interest rate by 25 basis points to 3.25%, the first rate cut from the BOK since the Federal Reserve started tightening its monetary policy in March 2022. This was in line with a poll of economists from Reuters, who forecasted a rate cut. At that time, South Korea's inflation stood at 2.6%, but climbed sharply to hit 6.3% in July 2022, its highest in over 20 years. Oh noted that macro conditions are supportive of a rate cut, with a "favourable" inflationary backdrop. Oh predicts that after the October cut of 25 basis points, three more consecutive cuts will follow on a quarterly basis, eventually bringing the BOK's benchmark interest rate to 2.5%.

Persons: BOK, Morgan Stanley's, Kathleen Oh, We've, Morgan Stanley Organizations: Bank of, Federal Reserve, Reuters Locations: Bank of Korea, Seoul, Korea's, Korea

☆ Wealthy jet setters are flocking to these unexpected countries, travel agents say
▼ + stars: | 2024-10-11 | by ( Brittany Chang | ) www.businessinsider.com time to read: +8 min

Wealthy travelers are vacationing at a mix of traditional and emerging destinations. The Asian countries wealthy travelers are increasingly visitingLuxury travel companies are expecting more travelers to visit Thailand following the premiere of "The White Lotus" season three, shot at Four Seasons Resort Koh Samui. Ken SeetAccording to Virtuoso, bookings for summer trips to Thailand were up 95% from 2023 to 2024. According to Virtuoso, summer bookings for the central European country were up 24%. More wealthy travelers are heading to Porto, Portugal proslgn/ShutterstockOr, for a greener, chillier getaway, head to the United Kingdom and Ireland.

Persons: —, What's, Ken Seet, Belles, Peter Zelei, Melissa Krueger, Quintessentially, Kelly Grumbach, Brian Kennedy, George Rose, Lucia, Virtuoso, Jim Krane, Barthélemy, Barts, Hurricane Irma, Grumbach, Saint Barthélemy, Holger Leue, Aman Organizations: Service, globetrotters, Eiffel, Belles, Ireland, Banff National Park, St, AP Locations: Rome, Paris, Thailand, Slovenia, United Kingdom, London, France, China, Canada, New York, Europe, Japan, Khao Villas Phuket, Maui, Hawaii, Taormina, Italy, Florence, Tuscany, Portugal, Lisbon, Porto, Ireland, Scotland, Banff, Lake Louise, Columbia, Dominican Republic, Hurricane, Saint, Caribbean, Anguilla

☆ I toured the only nuclear missile submarine in the US open to the public. Take a look inside.
▼ + stars: | 2024-10-11 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +2 min

The USS Growler is the only nuclear missile submarine in the US that's open to the public. The submarine is now an attraction at the Intrepid Museum in New York City. AdvertisementThe USS Growler was once a top-secret US Navy submarine that patrolled the ocean's depths during the Cold War. Visitors don't just get to look at the USS Growler; they can actually climb inside and walk through its narrow confines on a self-guided tour. I visited the Intrepid Museum in May to tour the only nuclear missile submarine in the US open to the public.

Persons: —, Ken Calvert Organizations: USS, Intrepid Museum, Service, Navy, Israel Locations: Russia, New York City, Hudson, USS Georgia, Iran, Virginia

☆ Kremlin confirms Trump sent Russia Covid-19 tests, after former president denied Bob Woodward claim
▼ + stars: | 2024-10-11 | by ( Rob Picheta | ) edition.cnn.com time to read: +4 min

The Trump administration “sent us several samples of test kits,” Kremlin spokesperson Dmitry Peskov told reporters on Thursday, broadly supporting Woodward’s claim. Many countries were doing the same.”The Kremlin’s response seemingly contradicts Trump’s denial of Woodward’s claims. In a statement, Trump spokesman Steven Cheung said Trump gave Woodward “absolutely no access” for the book. Citing a Trump aide, Woodward also reported that there have been “maybe as many as seven” calls between Trump and Putin since Trump left the White House in 2021. Woodward’s claims once again throw scrutiny on Trump’s relationship with Putin, weeks before the US presidential election.

Persons: Donald Trump, Bob Woodward’s, Vladimir Putin, Trump, “, Dmitry Peskov, Woodward, Trump “, Putin, Abbott, ”, ” Putin, ” Trump, ” Peskov, he’s, Steven Cheung, Woodward “, Bob Woodward, Peskov, ventilators, Woodward’s, Kamala Harris, Howard Stern, You’re, ” Harris, Elon Musk Organizations: CNN, Trump, ABC News, Putin, White House, Trump White, Kremlin, Democratic, “ Locations: Russia, United States, Woodward, Moscow, Ukraine

☆ A woman says she was wrongfully put on American Airlines' no-fly list. She cold-emailed the CEO to resolve it.
▼ + stars: | 2024-10-11 | by ( Katie Balevic | ) www.businessinsider.com time to read: +7 min

Erin Wright says she was shocked to discover she had been barred from flying American Airlines. As she tried to check in for her American Airlines flight to her sister's bachelorette party, she kept getting an error message, both on her phone and at a kiosk at the airport. American Airlines did not respond to multiple requests for comment. Like all airlines, American Airlines has a "Conditions of Carriage" contract that passengers agree to abide by when they purchase a ticket. American Airlines has either mixed me up with another Erin Wright or confused me for another passenger," she wrote.

Persons: Erin Wright, Wright, —, I've, Robert Isom, you've, we'll Organizations: American Airlines, Service, American Airlines . Business, Business, Transportation Security, Airlines Locations: New Mexico

☆ Urban Outfitters admits it doesn’t know how to sell to Gen Z. Now it wants to pull off an Abercrombie-like turnaround
▼ + stars: | 2024-10-11 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +6 min

Urban Outfitters, the young adult retailer known for its alternative, vintage-inspired styles, learned this the hard way. Urban Outfitters is now staging a turnaround, with the ambition of finding the success of rivals like Abercrombie & Fitch. But while Urban Outfitters may be trying to pull off a turnaround at the same scale is Abercrombie’s, the action points of both differ. Urban Outfitters, meanwhile, has maintained its youthful appearance without doing enough to market toward the high schoolers and college students of today. Urban Outfitters did not return a request for comment on the marketing strategy behind the lower prices.

Persons: ” Shea Jensen, Jensen, —, ” Simeon Siegel, “, ” Siegel, Brandon Bell, Fitch, Jacqueline Babb, Abercrombie, ” Jensen, Urban, Z, Price Organizations: New, New York CNN, Gen, Urban Outfitters, Abercrombie, Fitch, Urban Outfitters Brand, Free People, BMO Capital Markets, Getty, Urban, Northwestern University, CNN, Netflix Locations: New York, millennials, North America, Barton, Austin , Texas, today’s

☆ Monster storms Milton and Helene prove climate change is a national security issue
▼ + stars: | 2024-10-11 | by ( Peter Bergen | ) edition.cnn.com time to read: +4 min

This comes two weeks after Hurricane Helene significantly damaged communities like Asheville, North Carolina, hundreds of miles inland, that were seemingly immunized from the worst effects of climate change. Treating climate change as a national security problem is not a liberal position but a hardheaded realist one. This framing of national security also endured after the 9/11 attacks. After Hurricane Milton, Americans should ask themselves: Are they safer now from threats like climate change and pandemics? And if not, isn’t it time for a real discussion of what truly constitutes national security to begin?

Persons: Milton, Helene, Defense Lloyd Austin, It’s, Franklin Delano Roosevelt, Peter Roady, ” Roosevelt, Roosevelt, —, George W, Bush, “, … Organizations: CNN, Pentagon, Defense, Key US Navy, Security, Welfare, Social Security, Federal Government, Hurricane Milton Locations: Florida, Asheville , North Carolina, Norfolk, Virginia Beach, Virginia, Sudan, Europe, Soviet Union

☆ Here’s the deflation breakdown for September 2024 — in one chart
▼ + stars: | 2024-10-11 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

However, prices for many physical goods have deflated as supply-and-demand dynamics return to normal following pandemic-era contortions. "Outside of goods prices, I don't think we'll see price cuts," said Mark Zandi, chief economist at Moody's. That served to weaken demand, which also pushed down prices, economists said. Outside of supply-demand dynamics, the U.S. dollar's strength relative to other global currencies has also helped rein in prices for imported goods, economists said. Energy, food and consumer electronicsOutside of imported goods, consumers may also see a "normalization" of prices in food and energy, Zandi said.

Persons: Jeff Greenberg, Mark Zandi, Zandi, women's outerwear, Sarah House Organizations: Universal, Getty, Finance, Social Security, Vehicles, Wells, Wells Fargo Economics ., U.S . Federal, Fed, U.S, Energy Locations: Wells Fargo, U.S

☆ China economy: Beijing will ‘significantly’ increase spending
▼ + stars: | 2024-10-11 | by ( ) edition.cnn.com time to read: +4 min

Beijing Reuters —China will “significantly increase” government debt issuance to offer subsidies to people with low incomes, support the property market and replenish state banks’ capital as it pushes to revive sputtering economic growth. “There is still relatively big room for China to issue debt,” he said. Reuters reported last month that China plans to issue special sovereign bonds worth about 2 trillion yuan ($284.43 billion) this year as part of fresh fiscal stimulus. Separately, Bloomberg News reported that China is also considering injecting up to 1 trillion yuan ($142 billion) of capital into its biggest state banks to increase their capacity to support the economy, primarily by issuing new sovereign bonds. Swedish furniture retailer Ikea, whose 39 stores in China have felt the spillovers from the property crisis, urged Beijing on Thursday to deploy further stimulus.

Persons: Lan Foan, ”, Zheng Shanjie, “, Lan Organizations: Beijing Reuters, Finance, National Development, Reform Commission, Communist Party’s, Reuters, Bloomberg News, Local, Investment, Ikea Locations: Beijing, China, China’s, Swedish

☆ These stocks were the big winners this week and analysts see more good times ahead
▼ + stars: | 2024-10-11 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

A handful of stocks stood out as the biggest winners on Wall Street this week, and analysts think they have more room to run. Consensus price targets from analysts polled by LSEG imply 16% upside for shares moving forward. Super Micro Computer also made the list, with shares of the information technology stock up nearly 16% on the week. Analysts polled by LSEG forecast upside of nearly 62%, per their consensus price targets. Consensus forecasts from analysts polled by LSEG forecast about 19% upside moving forward.

Persons: Wells Fargo, Dow Jones, Stocks, LSEG, Andrew Didora Organizations: JPMorgan Chase, CNBC Pro, Bank of America, Computer, Nvidia, LSEG

Around 400,000 claims worth $10 billion are being processed for eligible business owners who applied for tax refunds under the Covid-era Employee Retention Credit (ERC) program, the IRS said Thursday. He also highlighted recently announced tax relief for those in affected regions, including filing and payment extensions for individuals and businesses. For taxpayers with fully processed ERC claims whose mail routes have been disrupted, the U.S. The tax program allows businesses to claim up to $26,000 per employee on its payroll. “It’s past time to eliminate this fraud-ridden pandemic-era policy so we can concentrate on getting our fiscal house in order.”The tax program was originally projected to cost the government $55 billion.

Persons: Hurricane Helene, Hurricane Milton, Mike Martinez, ” Martinez, Maia Toll, Andrew Celwyn, Emily Nichols, —, Helene, Toll, Helene lobbed, they’re, ”, Sen, Thom Tillis, Tillis, “ Organizations: NBC News, ERC, IRS, U.S . Postal Service, Small Business Administration, Asheville, Intuit, SBA Locations: Hurricane, Asheville , North Carolina, Asheville, N.C, North Carolina, Philadelphia

☆ Field of Vision’s haptic device is helping blind sports fans ‘feel’ the game
▼ + stars: | 2024-10-10 | by ( Jack Bantock | ) edition.cnn.com time to read: +7 min

Dublin-based Field of Vision has produced a handheld, haptic feedback device that it says can help blind and partially sighted fans not just hear, but “feel” the action, enhancing the live experience. “The main feedback we’ve gotten (about the device) has been that it actually makes them feel like they’re part of the game and they’re experiencing it with everyone else,” Field of Vision co-founder David Deneher told CNN. A blind fan tests out the Field of Vision device. (Left to right) Tim Farrelly, Omar Salem and David Deneher developed the Field of Vision idea during the Covid-19 pandemic. He said that a test run with the Field Of Vision tablet added new levels of context to proceedings on the pitch.

Persons: David Deneher, ” Deneher, –, Tim Farrelly, Omar Salem –, Mike Kearny, Kearny’s, Stephen Garcia, Omar Salem, Declan Meenagh, ”, it’s, ” Declan Meenagh, James Dyson, Tom Sears, Josh Chadwick, “, Deneher Organizations: CNN, Vision, Trinity College Dublin, Queen’s University Belfast, Aerospace, Salem, English Premier League giant’s Anfield, Royal National Institute of Blind People, Dublin football, Bohemians, Club, Initiative, Irish, Manchester City’s Etihad, Marvel, Football, Australian Football League, AFL, Getty Locations: Irish, Dublin, Liverpool, Melbourne, Australia, England, Spain, France, Germany, Italy

Search resuls for: "Covid"

25 mentions found