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☆ Selling Sunset's Emma Hernan and other experts say now is the time to buy a house: 'It's one of the best investments you could make'
▼ + stars: | 2023-08-04 | by ( Celia Fernandez | ) www.cnbc.com time to read: +2 min

Real Estate experts tell CNBC Make It why they think now is the time to buy a home. "This isn't the market where sellers can just try for a high number and see if it'll happen." "When it comes to real estate, I think it's one of the best investments you could possibly make. Think about the big picture and look at real estate as an investment for your future. Emma Hernan Star of Netflix's "Selling Sunset" and real estate agent at The Oppenheim Group

Persons: Mike Biryla, Mike Biryla Real, they're, Emma Hernan, Hernan, Marko Geber, you'll, Emma Hernan Star Organizations: CNBC, The Agency, Digitalvision

☆ HGTV star Tarek El Moussa says he's preparing for his 'biggest ever flip.' The tenants of the building say they're being evicted.
▼ + stars: | 2023-08-04 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

HGTV star Tarek El Moussa is facing backlash from a group of tenants in North Hollywood. The tenants say they are being evicted from the building El Moussa intends to flip. El Moussa is best known for being the star of HGTV's "Flip or Flop" alongside his wife, Heather Rae El Moussa, who also stars in Netflix's "Selling Sunset." In a video posted on Instagram on July 14, El Moussa called the property his "biggest ever flip." "We got so lucky to find this land, because finding land like this in North Hollywood is literally impossible," he said.

Persons: Tarek El Moussa, El Moussa, we've, Clare Letmon, Letmon, I've, they've, Cathy Livas, Heather Rae El Moussa, Arthur Aslanian Organizations: HGTV, Service, Hollywood, El Moussa's, Los Angeles Tenants Union, NBC, North Hollywood Arts District, Real Locations: North Hollywood, Wall, Silicon, NBC Los Angeles, Instagram

☆ Redistricting battles could determine control of US House in 2024
▼ + stars: | 2023-08-03 | by ( Joseph Ax | ) www.reuters.com time to read: +6 min

But a series of legal challenges, including a major U.S. Supreme Court ruling, have cast many of those district lines into doubt. Legal experts said the ruling bolsters similar challenges in Georgia and Louisiana, where voting rights groups have argued that Republican-drawn maps marginalized Black voters. In Ohio, the state Supreme Court appears set to alter course after previously finding Republican maps violated the state constitution’s prohibition on gerrymandering. In Wisconsin, the most expensive state Supreme Court election in U.S. history resulted in a new liberal majority. OTHER BATTLESLast month, the Utah Supreme Court heard arguments over the state’s Republican-drawn congressional map, which carved Democratic Salt Lake County into four separate districts.

Persons: reconvenes, Leah Millis, –, ”, Michael Li, University’s, “, Kathy Hochul, Janet Protasiewicz Organizations: YORK, House, U.S . Capitol, Republican, REUTERS, Republicans, Census, Supreme, Center for Justice, U.S, Democrat, REPUBLICAN, STATE, Democratic, Ohio’s Republican, DEMOCRATIC, Utah Supreme Locations: New York, Utah, U.S, Washington , U.S, New, Black, Georgia, Louisiana, North Carolina, Ohio, In Wisconsin, Democratic Salt Lake County, New Mexico

REUTERS/Christian Hartmann/File PhotoSINGAPORE, Aug 3 (Reuters) - Oil prices were little changed on Thursday after a two-day decline, including a sharp drop on Wednesday, as a U.S. government credit downgrade weighed on sentiment, though concerns around supply tightness provided some support. Ratings agency Fitch downgraded the main U.S. credit rating, the world's biggest oil consumer, reflecting an expected fiscal deterioration as well as a high and growing government debt burden. Both benchmarks were trading near their highest since April on Wednesday, but closed down 2% after the ratings downgrade. "Since oil had a steady rise over the past month, it was ripe for a pullback. The oil market will remain tight over the short-term, but prices could be still vulnerable for a deeper drop," said Edward Moya, an analyst at OANDA.

Persons: Christian Hartmann, Fitch, Brent, Edward Moya, refiners, Tina Teng, Andrew Hayley, Sudarshan, Christian Schmollinger, Kim Coghill Organizations: REUTERS, Brent, U.S, West Texas, Energy, Administration, Organization of, Petroleum, Reuters, CMC Markets, Thomson Locations: Scheibenhard, Strasbourg, France, SINGAPORE, U.S, Saudi Arabia, China

☆ Oil rises marginally as markets weigh inventory data, US ratings downgrade
▼ + stars: | 2023-08-03 | by ( Andrew Hayley | ) www.reuters.com time to read: +2 min

A oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. Both benchmarks had been trading at near their highest levels since April on Wednesday, but closed down 2% amid risk-off investor sentiment following the ratings downgrade. Wall Street's three main indexes closed lower and Treasury yields rose on Wednesday as uncertainty rippled through financial markets. U.S. crude stocks fell by a record 17 million barrels last week as refiners stepped up runs and exports topped 5 million barrels per day (bpd), the Energy Information Administration said on Wednesday. The inventory drawdown, which dramatically exceeded analysts' expectations in a Reuters poll of 1.4 million barrels, pointed to global demand outpacing supply as deep cuts from major producers continue.

Persons: Christian Hartmann, Fitch, refiners, Andrew Hayley Our Organizations: REUTERS, Brent, U.S, West Texas, AAA, U.S ., Energy Information Administration, Organization of, Petroleum, Reuters, Thomson Locations: Scheibenhard, Strasbourg, France, BEIJING, U.S, Saudi Arabia, Russia, Moscow

☆ Tarek El Moussa is 'flipping' an entire street to make a high-rise apartment building, but longtime residents say they're being evicted to make it happen
▼ + stars: | 2023-08-03 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +5 min

Tarek El Moussa's company TEM Capital is building a 138-unit apartment in Los Angeles. El Moussa said his team was going to "tear it down" to build the high-rise apartments. "It was really triggering and traumatic and totally ignoring the fact that people still lived here," one resident, Clare Letmon, told CBS Los Angeles. Heather Rae El Moussa is also investing in the project. During a March 2023 conversation with Insider, El Moussa pointed to house-flipping seminars, a solar company, and a home line he's creating with Heather Rae among his current list of business endeavors.

Persons: Tarek El, El Moussa, they're, Tarek El Moussa, Christina Hall, Heather Rae El Moussa, Tarek, KTLA5 they've, Ellis, Heather Rae's, Clare Letmon, Cathy Livas, Raymond Hall, Arthur Aslanian, he's, Heather Rae Organizations: Service, HGTV, HEM, WJK, Pyramid Development, CBS Los, CBS, Los Angeles Times Locations: Los Angeles, Wall, Silicon, North Hollywood, Los Angeles , California, California, HEM, CBS Los Angeles

☆ ‘Birds Are My Eyesight’
▼ + stars: | 2023-08-03 | by ( Alexandra Marvar | ) www.nytimes.com time to read: +14 min

‘Birds Are My Eyesight’ For some blind birders, avian soundscapes are a way to map the world around them. Cheer up, cheer, cheer. Pretty, pretty, pretty, pretty.” Northern Cardinal Watch here! Pretty, pretty, pretty, pretty, pretty, pretty, pretty, pretty. To some, the Northern cardinal sounds like it’s saying “pretty, pretty, pretty.” Audubon Vermont compares its call to a Star Wars light saber.

Persons: Susan Glass, ”, “, Michael Hurben Ms, Glass, martin, lockdowns, Sarah Courchesne, Courchesne, Freya McGregor, birdsong, Jim Wilson, cheerily, Robin Cheer, Jerry Berrier, Berrier, Berrier's, Kayana, Berrier’s, ’, Jerry Berrier Mr, that’s, ” Mr, ‘, ’ ”, I’ve, ” Trevor Attenberg, Mr, Attenberg, Hurben, —, Michael Hurben, Claire Strohmeyer, piha, trekked, Werner Herzog’s, “ Aguirre, I’ll Organizations: West Valley Community College, Massachusetts Audubon, New York Times, Audubon Society, New Haven Birding Club, ”, “, The New York Times, Baltimore oriole, Indiana University of Pennsylvania, Cornell University, Watch, Audubon, Star, Ornithologists Locations: Saratoga , Calif, Pittsburgh, Erie, Michigan, Massachusetts, Newburyport, Cape Cod, Colombian, Ipswich, Malden , Mass, Audubon Vermont, Portland ,, Mexican, U.S, California, Bloomington, Minn, Cape, N.J, Brazil

☆ A couple hasn't paid for flights since 2018 and lives in homes for free. Here's how they quit their corporate jobs for house-sitting gigs all over the world.
▼ + stars: | 2023-08-02 | by ( Claire Turrell | ) www.businessinsider.com time to read: +8 min

Marco Ilagan, 42, and Fran Cassaniti, 30, left their jobs at Accenture to travel in 2018. The couple live in other people's homes for free in return for looking after their pets. The couple needed to look after a dog and a cockatiel called Tweetie who would fly free around the house. They also spent four months looking after two relaxed German Shepherds in a beach retreat in Grenada, as the retired owners would go sailing during the winter months. They are currently driving it in Costa Rica, where they will spend the next four months looking after two dogs and ticking off those goals they created.

Persons: Marco Ilagan, Fran Cassaniti, Ilagan, they'd, Instagram, Cassaniti, Tweetie, They've, they've, hasn't Organizations: Accenture, Service, Thrones Locations: Wall, Silicon, Buenos Aires, Argentina, Chicago , Illinois, India, Thailand, Brazil, Krabi, Philippines, Hawaii, Anchorage , Alaska, TrustedHousesitters, Utah, Grenada, Chicago, Florida, Scotland, Inveraray, Italy, Slovenia, Croatia, Greece, England, Ireland, Europe, America, Cozumel , Mexico, Mexico, US, Texas, Belize, Costa Rica

☆ At Bayreuth, the Work on Wagner’s Operas Is Never Done
▼ + stars: | 2023-08-01 | by ( Zachary Woolfe | More About Zachary Woolfe | ) www.nytimes.com time to read: +2 min

It was a fresh addition to the staging, if still something of a letdown, a mild finale after 15 keyed-up hours. There were more tweaks to this “Ring.” The kidnapping and hoarding of children — an obsession with youthfulness; a sense of violence passed through generations — is one of Schwarz’s themes. You can tell Schwarz intended these revisions to heighten certain aspects of his interpretation. Last year, Cornelius Meister conducted the premiere because Pietari Inkinen had to drop out with a case of Covid late in the rehearsal process. Meister’s work ended up being blandly neutral, not quite compatible with Schwarz’s vivid, provocative staging.

Persons: Wotan, “ Das Rheingold, “ Rheingold, ”, Brünnhilde, Siegfried, Schwarz, — it’s, Cornelius Meister, Pietari Inkinen, it’s, “ Siegfried ”, gawkily reedy, Gutrune Locations: Hagen

Most of the buying was in contracts linked to crude oil (+169 million barrels) with a particular emphasis on NYMEX and ICE WTI (+132 million). Short-covering has helped lift front-month WTI futures prices to over $81 per barrel on Aug. 1 from less than $68 on June 27. European gas oil futures and options have experienced an especially rapid increase in positions over the last four weeks (+29 million barrels). As a result, the net position rose to 41 million barrels (44th percentile) on July 25 from just 12 million barrels (18th percentile) on June 27. Related columns:- Depleted U.S. diesel stocks attract hedge funds (July 20, 2023)- Saudi output cut entices funds back into oil market (July 17, 2023)- Extreme pessimism gripped hedge funds on oil (July 3, 2023)- Is oil market’s glass half-full or half-empty?

Persons: Nick Oxford, ⁺, John Kemp Organizations: REUTERS, Reuters Connect, U.S . Commodity Futures Trading Commission, ICE Futures, ICE, Fund, U.S, Thomson, Reuters Locations: Midland , Texas, U.S, Saudi Arabia, Saudi, United States, WTI, Brent, North America, Europe, China

More actively traded October Brent crude futures rose $1.02, or 1.2%, to settle at $85.43 a barrel. The September Brent contract, which expired at settlement on Monday, rose 0.7% to close at $85.56 a barrel. U.S. West Texas Intermediate crude futures rallied $1.22, or 1.5%, to $81.80 a barrel. Reuters GraphicsPump jacks operate at sunset in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick OxfordSaudi Arabia is expected to extend a voluntary oil output cut of 1 million barrels per day (bpd) for another month to include September.

Persons: Goldman Sachs, Brent, WTI, Nick Oxford, Edward Moya, Phil Flynn, Shariq Khan, Natalie Grover, Florence, Mohi Narayan, Christina Fincher, Louise Heavens, David Evans, Nick Macfie, Paul Simao Organizations: Saudi, . West Texas, Midland , Texas U.S, REUTERS, Organization of Petroleum, Reuters, Strategic Petroleum Reserve, Futures, Thomson Locations: Riyadh, OPEC, Goldman Sachs BENGALURU, Midland , Texas, Nick Oxford Saudi Arabia, Saudi, U.S, India, Bengaluru, London, Florence Tan, Singapore, New Delhi

☆ Supermoons will rise in the night sky twice this August
▼ + stars: | 2023-07-31 | by ( Jackie Wattles | ) edition.cnn.com time to read: +5 min

The most recent blue moon, for example, occurred in October 2020. The August 30 super blue moon will reach its peak at 9:36 p.m. What is a full moon, supermoon and blue moon? Supermoons occur when the moon is near or at its closest point to Earth (or, in scientific terms, its perigee) while also appearing full. Not all blue moons are supermoons, which makes the August 30 full moon even more exceptional.

Persons: Fred Espenak, it’s, supermoon isn’t, Adam Block, ”, Supermoons Organizations: CNN, Almanac, Britannica, NASA, United, Space Centre, University of Arizona’s Locations: Europe, United Kingdom, Africa, United States, Great, Tucson

☆ Paul Reubens, Pee-wee Herman star, dead at 70
▼ + stars: | 2023-07-31 | by ( Lisa Respers France | ) edition.cnn.com time to read: +5 min

CNN —Paul Reubens, who found fame as the quirky man-child character Pee-wee Herman, has died, his publicist announced. It was after college that Reubens created the iconic character Pee-wee Herman while a member of the famed Los Angeles improv group, The Groundlings. Paul Reubens as Pee-wee Herman in 2009. The HBO broadcast of the show introduced the Pee-wee Herman character to a national audience. In 2010, he produced, co-wrote and starred in an updated revival of “The Pee-wee Herman Show” in Los Angeles.

Persons: CNN — Paul Reubens, Herman, “, Paul Reubens, ”, “ Paul, ” Reubens, I’ve, Reubens, Nick Burns, Camelot, Walt Disney, Danny Moloshok, Stephen Sondheim, Judd Apatow, Laurence Fishburne, Natasha Lyonne, Jimmy Smits, Sandra Bernhard, S, Epatha, ” “, Raymond, ” Paul Reubens, Isabella Vosmikova, Friend, Adam Shankman Organizations: CNN, Ringling Bros, Barnum, Southside Elementary, The Players, Brookside Junior High, Boston, California Institute of the Arts, Walt, HBO, CBS, Netflix, NBC, ” “ Reno, Disney, Entertainment Locations: American, Peekskill , New York, Sarasota , Florida, Sarasota, “, Los Angeles, Angeles

☆ Contraction in China factory activity extends into a fourth month
▼ + stars: | 2023-07-31 | by ( Clement Tan | ) www.cnbc.com time to read: +1 min

The sunset glow is seen over buildings and a ferris wheel on May 13, 2022 in Beijing, China. China's factory activity contracted for a fourth consecutive month in July, while non-manufacturing activity slowed to its weakest this year as the world's second-largest economy struggles to revive growth momentum in the wake of soft global demand. The official manufacturing purchasing managers' index came in at 49.3 in July — compared with 49.0 in June, 48.8 in May and 49.2 in April — according to data from the National Bureau of Statistics released on Monday. Monday's figures also showed China posting its weakest official non-manufacturing PMI reading this year, coming in at 51.5 in July — compared with 53.2 in June, 54.5 in May and 56.4 in April. A PMI reading above 50 points to an expansion in activity, while a reading below that level suggests a contraction.

Persons: Zhao Qinghe Organizations: National Bureau of Statistics, PMI, NBS Locations: Beijing, China

☆ Israel urges calm amid plans for further protest at judicial overhaul
▼ + stars: | 2023-07-27 | by ( Dan Williams | ) www.reuters.com time to read: +5 min

The plans have hit the economy by drawing warnings from credit agencies, triggering foreign investor flight. A Palestinian group aligned with the Islamist movement Hamas said it launched a rocket from the occupied West Bank into Israel in retaliation. Israel has previously acknowledged that were preliminary efforts under way by West Bank fighters to develop a rocket arsenal. Video posted on social media showed scores of other Jews visiting the Jerusalem compound under Israeli police guard. In the latest violence, Israeli forces shot and killed a Palestinian teenager when clashes erupted during an Israeli army raid in Palestinian city of Qalqiliya, the Palestinian Health Ministry said.

Persons: Benjamin Netanyahu, Tisha B'av, Isaac Herzog, Netanyahu, Shikma Bressler, Itamar Ben, Gvir, Ben, Nidal al, Dan Williams, Tom Perry, Robert Birsel, Nick Macfie Organizations: West Bank JERUSALEM, Facebook, West Bank, Police, Palestinian Health Ministry, Thomson Locations: Israel, Jerusalem, West, al, United States, Palestinian, Qalqiliya, Gaza

The euro slipped 0.25% against the dollar, government bond yields across the bloc edged lower while European stock markets dipped, with Spain's benchmark index down 0.65% in a clear underperformance. Meanwhile, U.S. stock futures , rose 0.2% and 0.3%, respectively, pointing to a positive open for Wall Street. With the Federal Reserve, European Central Bank and Bank of Japan meeting this week, a note of caution underpinned the mood across global markets. The benchmarks continued their fourth straight of week of gains last week, as supply is expected to tighten following OPEC+ cuts. HOST OF EARNINGSOn top of central bank meetings and economic data, investors also braced for a slew of earnings from both sides of the Atlantic.

Persons: Kai Pfaffenbach, Bruno Schneller, Schneller, Eddie Cheng, Allspring's Cheng, SPAIN UNDERPERFORMS, Fiona Cincotta, Nell Mackenzie, Dhara, Wayne Cole, Amanda Cooper, Peter Graff Organizations: REUTERS, Nasdaq, Fed, ECB London, Wall, Federal Reserve, European Central Bank and Bank of Japan, ECB, INVICO Asset Management, Bank of Japan, Japan's Nikkei, Allspring Global Investments, Brent, . West Texas, Intel, Microsoft, GE, Boeing, Exxon Mobil, Coca Cola, Ford, GM, U.S, Thomson Locations: Frankfurt, Germany, Spain, U.S, Spain's, Asia, Pacific, Japan, Ukraine, Russia, China, SPAIN, SPAIN UNDERPERFORMS Spain, Sunday's, Basque, Catalan, Coca, London, SYDNEY

☆ Deadly extreme heat is on the rise in national parks – a growing risk for America’s great outdoors
▼ + stars: | 2023-07-23 | by ( Eric Zerkel | ) edition.cnn.com time to read: +13 min

More people are suspected to have died since June 1 from heat-related causes in national parks than an average entire year, according to park service press releases and preliminary National Park Service data provided to CNN. Ground zero for extreme heat deathsAll of this year’s suspected heat-related deaths took place in just three national parks: Grand Canyon, Death Valley and Big Bend. Heat risk and damage to national parks will only increase if unabated carbon pollution continues, Gonzalez said. That’s changing the personal risk calculus for summer recreation now and in the future in increasingly hotter national parks. Ronda Churchill/AFP/Getty ImagesPersonal responsibility weighs heavily in the policy direction the individual national parks take when dealing with the heat.

Persons: –, spokespeople, That’s, Patrick Gonzalez, ” Gonzalez, Gonzalez, Nicolo Sertorio, Abby Wines, Joelle Baird, Baird, Matthew Levy, Maggie Peikon, ”, I’ve, Peikon, that’s, ” Peikon, Ronda Churchill, “, ” Wines, ” Baird, James Thompson, It’s, ” Andrea Walton Organizations: CNN, Service, National Park Service, Climate Central, University of California, Death, Johns Hopkins University School of Medicine, American Hiking Society, Tourists, Visitor, Getty, Emergency, Region Public Affairs, “ Locations: Big Bend, Mississippi, Alaska, Berkeley, America, Indonesia, Ronda, AFP, Death Valley, Lake Mead, Arizona, Nevada

☆ Scorching summer temperatures could strain the economy even further
▼ + stars: | 2023-07-23 | by ( Alicia Wallace | ) edition.cnn.com time to read: +12 min

“The recent heat waves and scorching summer temperatures demonstrate the economic cost of heat stress,” Chris Lafakis, Moody’s Analytics’ director of economic research, wrote in an emailed response to a CNN query. Moody’s Analytics estimates that chronic physical risk from heat stress could reduce worldwide GDP by up to 17.6% by 2100. The losses are steepest in sectors such as agriculture and construction, but no industry or business is immune, she said. “Every summer we have a stretch [of excessively hot weather], where it might last from four days up to a week,” he said. “We have to look at the potential of our business model shifting to a nine-month facility going forward,” she said.

Persons: Lyn Thomas, there’s, Thomas, she’s, “, it’s, Chris Lafakis, Liliana Salgado, ”, Kathy Baughman McLeod, Adrienne Arsht, Cesar Chavez, Damian Dovarganes, That’s, Jack Vessey wasn’t, He’s, “ It’s, Vessey, Zeyla Alcantara, Patrick Tiseth, Jobs, Ami Feller, I’ve, Los Cerrillos, Harrold Granthan, Bonnie Mendoza, David Wagner, bloodsicles, Mendoza, Zach Fowle, Kyle Ledeboer, ” Fowle, ” They’ve, Justus Swanick, Joshua Graff Zivin, ” Graff Zivin Organizations: Minneapolis CNN, Phoenix, CNN, Reuters Workers, Rockefeller Foundation Resilience, Atlantic Council, Rockefeller, IBEW, Company, Lone Star, Roofer, Saddle Riding Company, Phoenix Zoo, Arizona Wilderness, Arizona Wilderness Brewing, University of California San Locations: Minneapolis, Louisiana, United States, California, Los Angeles, Holtville , California, Imperial County, Texas, New Braunfels, Santa Fe , New Mexico, Los, “, Arizona, Phoenix, University of California San Diego

☆ She broke up with her boyfriend and moved in with a man she’d known for 3 weeks. Here’s what happened
▼ + stars: | 2023-07-21 | by ( Francesca Street | ) edition.cnn.com time to read: +20 min

“As I come into the yard, I get greeted by two beautiful, amazing, fluffy dogs wagging their tails,” recalls Liesbet. “We talked a little bit – and a little bit turned into an hour,” recalls Liesbet. Liesbet Collaert“We went out for drinks,” recalls Liesbet, “Mark was a sailor and took us all out sailing. “I go up to the apartment door and the door was unlocked, which was a little bit odd,” recalls Mark. Liesbet CollaertAbout a month after she’d moved in with Mark, Liesbet flew with him to the East Coast to meet his family.

Persons: Liesbet Collaert, She’d, Karl, Liesbet, Karl’s, Nik, ”, Mark, “ Mark Kilty, “, He’d, –, hadn’t, she’d, he’d, ” Mark, “ Mark, “ Karl, Collaert Karl, – it’d, they’d, Here's, didn’t, you’d, ’, “ I’ll, couldn’t, Here's Liesbet, Liesbet’s, Liesbet Collaert Liesbet, “ You’re, Karl –, ’ ”, they’ve, Mark Kilty, we’ve, She’s, San Francisco – Organizations: CNN, “, CNN Travel, San, ” Locations: San Francisco , California, North America, Australia, Belgium, San Francisco, East Coast, California, Bay, Grenada, Mexico, Martinique, ., Mark’s, East, South America, Costa Rica, Central America, Panama, Texas, Honduras, Austin, Bahamas, Dominican Republic, Polynesia, Liesbet, St, Maarten, Tahiti, Cotopaxi, Ecuador

They are intended to complement traditional economic indicators such as gross domestic product, inflation and employment. "I think that they can be in concert and that is what the national wellbeing framework is all about." In a 127-page report titled "Measuring What Matters" issued to accompany the dashboard, the government painted a mixed picture of wellbeing. But measures of chronic health conditions, national security, biodiversity and fiscal sustainability had all declined. Several countries have attempted to diversify policymaking beyond economic benchmarks in recent years, most famously Bhutan, whose "gross national happiness" index is considered more important than GDP.

Persons: Carl Recine, Jim Chalmers, Wayne Cole, Alasdair Pal, Edwina Gibbs Organizations: Soccer Football, FIFA, REUTERS, Thomson Locations: New Zealand, Sydney, Australia, Bhutan

☆ How to invest in the massive and urgent demand for infrastructure, according to the manager of a $40 billion firm that does just that
▼ + stars: | 2023-07-20 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +8 min

It's not investing in infrastructure directly," Wahba told CNBC. "All the technology around infrastructure services, I think is an area which is going to grow exponentially," Wahba told CNBC. More infrastructure systems are going to become digitized, which means those systems increasingly become vulnerable to cybersecurity attacks. The danger of hackers with bad intentions getting into infrastructure systems is especially scary. Otherwise, privatizing infrastructure "is a recipe for disaster," Wahba told CNBC.

Persons: Sadek Wahba, Wahba, It's, Burger, Charles, Gaulle Organizations: Squared Capital Advisors, P Global, Bloomberg, Getty, Squared, Biden's, Infrastructure Advisory Council, CNBC, Companies Locations: Houston , Texas, New York City, Manhattan, cybersecurity, United States, United Kingdom, Paris, JFK, U.S

☆ $1 billion Powerball jackpot is up for grabs. Here’s what the winner could owe in taxes
▼ + stars: | 2023-07-19 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

Scott Olson / GettyThe Powerball jackpot has ballooned to an estimated $1 billion, raising the stakes for the next drawing at 10:59 p.m. It's the third-biggest prize in the game's history — falling behind the record $2.04 billion jackpot in November and $1.586 billion prize from 2016, according to the Multi-State Lottery Association. More than $124 million immediately goes to the IRSBefore seeing a penny of the jackpot, winners pay a sizable tax withholding. However, Loyd warns the 24% withholding won't cover the entire tax bill because the prize pushes the winner into to the 37% tax bracket. After the 24% federal withholding, the jackpot winner's tax bill depends on several factors but could easily represent millions more.

Persons: Scott Olson, John Loyd, Loyd Organizations: State Lottery Association, IRS Locations: Fort Worth , Texas

☆ US House rebuffs bid by Republican hardliners to end some sanctions
▼ + stars: | 2023-07-18 | by ( David Morgan | ) www.reuters.com time to read: +4 min

WASHINGTON, July 18 (Reuters) - The Republican-controlled U.S. House of Representatives on Tuesday turned back a bid by hardline conservatives to end five presidential emergency declarations that allow for sanctions against America's enemies in the Middle East and Africa. Trump, a hero to Republican hardliners, did use a 2019 national emergency declaration to fund construction of a wall at the U.S.-Mexico border over the opposition of congressional Democrats. "Trump was probably the first president to use the National Emergency Act and national emergency declarations for the express purpose of getting around Congress on a question of long term policy," Goitein said. Both Republicans and Democrats said they agreed with the objective of improving the national emergency system. "While I understand my colleagues' desire to reform the national emergency process, empowering terrorists, corrupt officials and war criminals is not the answer.

Persons: Lauren Boebert, Matt Gaetz, Paul Gosar, Eli Crane, Republican George W, Bush, Barack Obama, Donald Trump's, Biden, Hardliner, Kevin McCarthy, Joe Biden, somebody's, Gosar, Elizabeth Goitein, Trump, Goitein, Mike Lawler, David Morgan, Scott Malone, Lincoln Organizations: Republican, House, Four Republican, Democratic, Republicans, Democrats, Washington, Colorado firebrand, Hardliner Republicans, Freedom Caucus, Brennan Center for Justice, New York University, Trump, Emergency, Thomson Locations: East, Africa, Syria, Yemen, Iraq, Libya, Democratic Republic of Congo, Colorado, Iran, U.S, Mexico

☆ "The Golden Bachelor," 71, is officially here
▼ + stars: | 2023-07-17 | by ( Marianne Garvey | ) edition.cnn.com time to read: +1 min

CNN —“The Golden Bachelor” is looking for love. ABC’s first-ever senior citizen “Bachelor,” Gerry Turner, a 71-year-old grandpa from Indiana, will star in the spinoff series ABC calls a “whole new kind of love story, one for the golden years.”The description says it’s a chance for Turner to find “a second chance at love in the search for a partner with whom to share the sunset years of life.”ABC's "The Golden Bachelor" stars Gerry Turner. Brian Bowen Smith/ABCThe cast of the original series has typically been in their 20s and 30s. They were together for 43 years, and share two daughters, Angie and Jenny, and two granddaughters, Charlee and Payton. “The Golden Bachelor” airs on television this fall.

Persons: CNN —, ABC’s, “, ” Gerry Turner, grandpa, it’s, Turner, ”, Gerry Turner, Brian Bowen Smith, pickleball, Toni, Angie, Jenny, Charlee, Payton Organizations: CNN, ABC, Chicago Locations: Indiana

☆ Redditors are raging about ditching thank-you coins and awards for something 'more valuable'
▼ + stars: | 2023-07-15 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Reddit is ditching coins and awards and some users are not happy. The company announced on Thursday it planned to phase out Reddit coins and awards. Reddit awards are given by users and show up as icons next to posts. As part of this, we made a decision to sunset coins (including Community coins for moderators) and awards (including Medals, Premium Awards, and Community Awards), which also impacts some existing Reddit Premium perks." The change also affects Reddit Premium users as the company will stop offering them a monthly coin drip and premium awards from September 12.

Persons: Reddit, –, Redditors, weren't, Redditor Organizations: Reddit

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