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Housing seems to be slightly more affordable for Gen Z renters than it was for millennials at the same age. The percentage of rent-burdened millennials — renters putting more than a third of their income toward housing — peaked at 62% in 2011, according to a recent Zillow study. And although rents remain high, slightly fewer Gen Zers (those ages 18 through 25) are rent burdened today. As of 2022, the latest data available, 58% of Gen Z renters nationwide were rent-burdened, while 60% of millennials experienced rent burden at the same age in 2012, according to Zillow. According to Zillow's analysis, there are a number of major U.S. cities where it's easier for Gen Z to afford rent than it was for millennials at the same age.
Persons: Z Organizations: millennials Locations: U.S
Chris Unger | Ufc | Getty ImagesThere's considerable uncertainty over the contents of a future Republican tax package and the fate of the EV credit, experts said. Repealing all the IRA's green energy tax credits, including the EV credit, would offset that cost by about $921 billion, it said. She was getting ready to buy one thanks to the $7,500 EV credit, which made the vehicles more affordable, she said. To wait and buy in 2025 is "too big of a gamble" given Trump's antipathy toward the EV credit, she said. There's no question there's real risk in the EV credit going away.
Persons: Donald Trump, Jamie Wickett, Hogan Lovells, Wickett, Joe Biden, Trump, Chris Unger, Laura, Hogan, , wouldn't, it's, Ingrid Malmgren, Malmgren Organizations: Digitalvision, Getty, Biden, Republicans, Capitol, IRA, Elon, UFC, Madison, Garden, Ufc, Security, Tax, Chrysler Pacifica, Local, Plug, U.S . Treasury Department, Treasury Locations: New York, Charlotte , North Carolina
CNBC's Jim Cramer on Wednesday said consumers right now aren't focused on brand names, but on companies that can provide the most value. The big box retailer cut its full-year guidance, and management said it saw weakness in discretionary products despite price cuts. Although the two retailers offer similar products, Cramer said Walmart is simply more affordable. He also named other discount outfits that are seeing success despite a tough consumer landscape, including Costco , TJX , Chili's-parent Brinker and Texas Roadhouse . On Wall Street, this focus on value extends beyond consumer companies and to sectors like tech, Cramer added.
Persons: CNBC's Jim Cramer, we're, " Cramer, Cramer, Brinker, Microsoft — Organizations: Target, Walmart, Costco, Texas, Nvidia, Google, Oracle, Microsoft
Now, they're waiting "until the last moment of need, focusing on deals, and then stocking up," CEO Brian Cornell said. Chief Commercial Officer Rick Gomez provided additional detail about how this new consumer pattern has played out for the company. Advertisement"Our Target Circle week this quarter was one of our biggest yet," he said. Unseasonably warm temperatures also meant that shoppers delayed their purchases of cold-weather apparel until they actually needed it, Gomez said. "Would you be willing to trade some of the upside in those areas for even more consistency from quarter to quarter?"
Persons: Brian Cornell, Rick Gomez, Gomez, Neil Saunders, , Fitch, David Silverman, Michael Lasser, Cornell Organizations: Target, Walmart, Data, UBS Locations: New York
Limited benefits Insider’s Take The VentureOne Rewards Card is a slimmed-down version of the popular Capital One Venture Rewards Credit Card. Bank of America Travel Rewards Card ReviewCapital One VentureOne Credit Card Pros and ConsAdvantages of the Capital One VentureOne Credit CardThe VentureOne Rewards Card comes with several significant advantages, making it an attractive choice for those seeking a straightforward rewards program. Capital One VentureOne Card Frequently Asked QuestionsWhat makes Capital One VentureOne Credit Card stand out? No, unlike the Capital One Venture Rewards Credit Card and Capital One Venture X Rewards Credit Card, the Capital One VentureOne Rewards Credit Card is not metal. Why You Should Trust Us: How We Reviewed the Capital One VentureOne Credit CardOur credit cards team reviewed the VentureOne Rewards Card in comparison to similar no-annual-fee travel credit cards.
Persons: Miles, LifeMiles, Smiles, Red, Wyndham, Chase, rideshares, cardholders, you've, haven't, It's, Gabriel Vito Gabriel Vito, Gabriel, Education Gabriel, ExperienceExpertiseEducation Read, Angela Fung, Read Organizations: Business, Capital, PayPal, Capital One Entertainment, Aeromexico Club, Air Canada, Air France, KLM, Blue, British Airways Executive Club, Cathay, Emirates, Etihad, Qantas Frequent, TAP Air Portugal Miles, Turkish Airlines Miles, Wyndham Rewards, Star Alliance, U.S, Chase, Unlimited, Card, Bank of America, The Bank of America, Social, Forbes, CNN, University of California, Banking, Education, The University of California, Finance Locations: Cathay Pacific Asia, Singapore, Europe, Asia, Riverside
Meanwhile, her 34-year-old daughter lives in the 2,000-square-foot, three-bedroom, two-bathroom main house with her three-and-a-half-year-old daughter. The ADU was a win for mom, daughter, and granddaughterFor Wilder-Abrams, building an ADU in her backyard and having her daughter move into the main house was much more affordable than purchasing a new home in Oakland. Courtesy of Christine Wilder-AbramsConstruction on Wilder-Abrams' ADU began in 2021. By May 2022, her daughter had moved into the main house, and she had settled into the ADU. To finance the construction of the ADU, Wilder-Abrams took out a second mortgage on her home, as the original mortgage had been paid off years earlier.
Persons: Christine Wilder, Abrams, Wilder, Zillow, Thomas Winz, ADUs, ADU Wilder, it'll, ADU, Everybody's, wasn't, it's Organizations: Wilder Locations: California, Oakland , California, Wilder, Oakland, Oakland , Orange County
AdvertisementUS home prices and rents have soared in part because of a shortage of housing. These are the cost of land, a shortage of construction workers, regulations, and NIMBYism. The US is suffering from a deep shortage of homes, and it's driving sky-high home prices and rents. Advertisement"We just hear more and more that it's harder to find affordable pieces of land to develop for housing," Tobin said. Fewer construction workers means less — and slower — residential construction and higher wages for workers, which in turn leads to higher home prices.
Persons: Jim Tobin, Tobin, , ANDREW CABALLERO, REYNOLDS, NIMBY, Donald Trump Organizations: National Association of Home Builders, Trump Locations: Los Angeles, Seattle, Chicago, Brambleton , Virginia
Interest in so-called “golden visas” has skyrocketed among US citizens since the election, according to consultants that help the wealthy migrate. Golden visas allow people to effectively buy foreign citizenship or residence through sizable investments, including in real estate, government bonds or startups. Jc Milhet/Hans Lucas/AFP/Getty ImagesInquiries about golden visas from Americans have increased 33% so far this year compared with the same period last year, with programs in Europe the most sought after. Portugal’s Golden Residence Permit Program tops the popularity list because it is relatively affordable, requiring a minimum outlay of €250,000 ($265,000) in support of the arts or national cultural heritage. With golden visas out of reach for most Americans, social media platforms are ablaze with chatter about other avenues for moving abroad.
Persons: Donald Trump, , Dominic Volek, Armand Arton, , Covid lockdowns, , Jc Milhet, Hans Lucas, Portugal’s, Thomas Coex, Trump, ” Flannery Foster, “ I’ve, ” Foster, Foster, Organizations: London CNN, Democratic, Henley & Partners, Arton, CNN, Getty, Union, Plaza Mayor, LGBT, Spanish Locations: Europe, Ollolai, Sardinia, Nigeria, South Africa, China, India, Philippines, United States, Valletta, AFP, Greece, Spain, Italy, Malta, Austria, , Madrid, Reddit, USA
Fabien Pinckaers, CEO of Belgian-based enterprise software startup Odoo. OdooOdoo, a startup taking on SAP in the realm of enterprise software, boosted its valuation to 5 billion euros ($5.3 billion) in a secondary share round led by Alphabet 's venture fund and Sequoia Capital. "The reason everybody [has] failed [in this market] is that it's quite complex," Pinckaers told CNBC. The last time Odoo secured primary funding was in 2014, when it raised $10 million in a Series B round. Prior to the latest secondary round, Odoo was most recently valued by investors at 3.2 billion euros.
Persons: Fabien Pinckaers, Odoo, Pinckaers, Andrew Reed, Reed, He's, Billings, aren't, Alex Nichols, CapitalG, he's, bootstrapping, Odoo hasn't, Wallonie Organizations: Belgian, SAP, Sequoia Capital, CNBC, Enterprise, Sequoia, Summit Partners Locations: Belgium, India, billings, Sequoia
Indians have become the biggest group of international students in the U.S., surpassing Chinese students this year for the first time in 15 years. New data released by the State Department in conjunction with the Institute of International Education shows that there are now 331,602 Indian international students in the U.S. (a 23% growth from last academic year), compared with 277,398 Chinese international students (a 4.2% decline). South Korea, Canada and Taiwan follow distantly as the next most common countries of origin for international students, with numbers all well under 50,000. Long the most populous at U.S. colleges and universities, Chinese international students have been falling in number every year since the pandemic. Chinese international students typically come with different priorities, Martel and Khanna said.
Persons: , Gaurav Khanna, Mirka Martel, IIE’s, , Khanna, Martel, ” Martel, haven’t, “ We’ve Organizations: State Department, Institute of International Education, U.S, University of California, Pew Research, Indian, Locations: U.S, South Korea, Canada, Taiwan, India, China, Covid, San Diego, “ U.S
Armed with shears and headlamps to guide us, we filed into the vineyard rows like soldiers, performing the synchronized ritual that has existed for centuries: picking grapes for wine harvest. AdvertisementI instantly answered: "I want to work a wine harvest in Europe." I spent hours firing off emails, asking if they had any open positions on their harvest team. I worried about running out of money and blowing through the savings I'd spent years growing. It was all underpinned by one fear: Is this worth upending the life I'd built?
Persons: wouldn't, I'd, Gruner, I've, I'm Organizations: Australia Locations: Austria, Burgenland, Coast of California, Europe, Slovenia, England, Australia, Austrian
Where to watch the Davis Cup in the USThe Davis Cup is available to watch in full on the Tennis Channel in the US. Cord-cutters can live stream the channel via a live TV streaming service like Sling TV, DirecTV Stream, or Fubo. Check price at FuboWhere to watch the Davis Cup in the UKThe Tennis Channel is also the home of the Davis Cup in the UK. Where to watch the Davis Cup in AustraliaThe Davis Cup is available to watch through beIN in Australia, where subscriptions start at AU$14.99 per month after a one-week free trial. How to watch the Davis Cup from anywhereThe Davis Cup is shaping up to be a can't-miss tournament.
Persons: We've, Rafael Nadal, Spain, Botic van de Zandschulp, Spain's, Spain's Carlos Alcaraz, Tallon Griekspoor, Filippo Volandri, ExpressVPN Organizations: Business, Davis, Olympics, Canada, Australia, Tennis Channel, DirecTV, Tennis, Entertainment, Elite, Sports, Fubo, USA Locations: Malaga, Spain, Netherlands, Italy, Argentina, Germany, United States, Australia, beIN
India's central bank will launch a pilot program in 2025 offering local cloud data storage to financial firms at affordable prices, according to two sources aware of the matter, who declined to be identified as conversations are confidential. The Reserve Bank of India's planned cloud platform will use local IT firms, pitting it against the likes of Amazon Web Services, Microsoft Azure, Google Cloud and IBM Cloud, in a first-of-its-kind initiative from a major global central bank. In December last year, RBI governor Shaktikanta Das announced plans to set up a public cloud for the financial services industry. Initial work on the cloud is being driven by the research wing of the central bank called the Indian Financial Technology and Allied Services. It will then be developed further in partnership with one or more private sector technology firms, according to the sources.
Persons: Shaktikanta Das, EY Organizations: Bank, Reserve Bank of, Amazon Web Services, Microsoft, Google, IBM, International Data Corporation, Indian Financial Technology, Allied Services, Reuters
Kennedy will likely have some influence over who the president-elect chooses for those roles, health policy experts said. Ultimately, Kennedy's influence over immunization policy could lead to an increase in diseases preventable by vaccines, several health policy experts told CNBC. Investors are already bracing for a crackdown on food policy, with shares of processed food companies, such as Pepsi and Coca-Cola , falling on Friday. Seigerman said "there is little precedent in recent history for HHS policy dictating or affecting FDA regulation or approval of drugs." In 2023, pharmaceutical companies spent nearly $3 billion on advertising for the 10 most promoted drugs.
Persons: Robert F, Kennedy Jr, Thomas Machowicz, Donald Trump, Kennedy, Trump, trifecta, Spokespeople, Brandon Guerrero, Christina House, Gostin, Josh Michaud, Lawrence Gostin, Michaud, he's, Genevieve Kanter, Kanter, Covid, Richard Frank, Frank, Evan Seigerman, Seigerman, Dave Latshaw, Latshaw, Drugmakers, Joe Biden's, Amy Campbell Organizations: Reuters, Department of Health, Human Services, Republican, HHS, Affordable, Food and Drug Administration, Centers for Disease Control, National Institutes of Health, Centers, Medicare, Services, CNBC, CVS, Los Angeles Times, Getty, Health Defense, NBC News, FDA, NPR, Georgetown University, CDC, Vaccines, Children, Kennedy, NIH, University of Southern, Brookings Schaeffer Initiative, Health, pharma, RFK, BMO Capital, Pepsi, Trump, University of Illinois Chicago School of Law Locations: Phoenix , Arizona, U.S, Compton, Huntington Park, Kennedy ., University of Southern California
“So, I paid it.”On online baby message boards and other social media forums, pregnant women say they are being asked by their providers to pay out-of-pocket fees earlier than expected. In some cases, they may cause women to forgo prenatal care altogether, especially in places where few other maternity care options exist. When a pregnancy ends, OB-GYNs typically file a single insurance claim for routine prenatal care, labor, delivery, and, often, postpartum care. In addition, many people are opting for high-deductible health insurance plans, leaving them to shoulder a larger share of the costs. Of the 100 million U.S. people with health care debt, 12% attribute at least some of it to maternity care, according to a 2022 KFF poll.
Persons: Kathleen Clark, Clark, that’s, , , Caitlin Donovan, Lisa Satterfield, it’s, Pamela Boatner, isn’t, Boatner, Peterson, Joy Burkhard, Erin Duffy, Jamie Daw’s, GYN, Daw, Sabrina Corlette, Lacy Marshall, Marshall, Dr, Sanjay Gupta, , Peter, “ I’m Organizations: Health, OB, Patient Advocate Foundation, American College of Obstetricians, Maternal Mental, University of Southern California’s Schaeffer Center for Health, Columbia University, Center, Georgetown University, Medical, Rapha Health, CNN, CNN Health, KFF Locations: Cleveland , Tennessee, U.S, Georgia, Los Angeles, New York, Texas
The big box retailer posted an earnings and revenue beat on Tuesday, impressing Wall Street and sending the stock to a new 52-week high, up 3% by the close. Walmart highlighted growth in its e-commerce segment and advertising business as factors that contributed to its success. But to Cramer, the main reason Walmart's quarter impressed Wall Street is its affordable merchandise and price reductions. Walmart and peer retailers that focus on value — like Amazon and Costco — are what consumers want right now, and these retailers are some of the only ones that can afford large price rollbacks, he added. "There's something going on underneath, something that's hurting every department store, every dollar store, every mall store," Cramer said.
Persons: CNBC's Jim Cramer, Cramer, Wall Organizations: Walmart, Costco Locations: U.S
Frozen food last a lot longer, and a chest freezer allows him to store many different meals at once. Cooking enough to feed a family of four for dinner and have leftovers usually requires preparing multiple big meals a week. AdvertisementFreezer-prepping not only gives his family more flexibility on when or what they eat but also saves Laielli money and time to pursue hobbies — a luxury for a busy parent. He saves money in a few waysLaielli said his freezer burritos total about $2 each. He said he saves money by using a lot of dry goods in his cooking, like beans.
Persons: Tim Laielli, Laielli, He's, Tim Laielli Laielli, sears Organizations: Taco Bell Locations: Texas
Full coverage car insurance provides liability insurance and coverage for your car (collision and comprehensive). Best Cheap Full Coverage Car Insurance for Discounts: Farmers Auto InsuranceWhile other providers list less than 12 car insurance discounts, Farmers has over 23. Tips for Finding the Cheapest Full Coverage InsuranceFull coverage car insurance is more expensive than the minimum coverage. Cheap Full Coverage Car Insurance Frequently Asked QuestionsWhat does full coverage car insurance consist of? The standard full coverage car insurance consists of liability insurance, collision insurance, and comprehensive insurance.
Persons: we've, Chubb, GEICO, It's, Read, USAA, you'll, JD Power Organizations: Farm Auto Insurance, State, Farm, State Farm, Farmers Auto Insurance, Farmers, Insurance, Owners, Auto, Drivers, Luxury Vehicles, Chubb, People, Poor, GEICO, Customer Service, Erie Auto Insurance, North Central, District of Columbia, Military, Auto Insurance Military, National Guard Reserve, . Insurance, Toyota, JD, Better Business Bureau, Consumer Affairs Locations: Rhode Island and Massachusetts, New York, California, Erie, North, Chevron
Empty lot Grand Ave. Dean St. Project site Pacific St. The Upper West Side project was recommended for approval while the Crown Heights project wasn’t. The Upper West Side project was recommended for approval while the Crown Heights project wasn’t. The Upper West Side project was recommended for approval while the Crown Heights project wasn’t. City Council vote Here’s where things ended for the Crown Heights project, which was rejected by the council member from the area.
Persons: Nadine Oelsner, Dean St, Aviles, Booker T, Booker, Oelsner, It’s, Crystal Hudson, Oelsner’s, Hudson, Mark Levine Organizations: New York, West, Street Manhattan Queens, Street Brooklyn Staten, Street Brooklyn, . Census, Crown, Census, 108th, Google, West Side Federation for Senior, 109th St, St, Washington, Washington Middle School, Washington Middle, Side Federation for Senior, Budget Commission, Manufacturing, Fulton St, Vanderbilt, ., Plaza Manufacturing, Army Plaza Lafayette, Army Plaza Lafayette Ave . Manufacturing, , New York City Department of City Planning, Riverside Park, Broadway, St ., St . West 108th St, , New York City Department of, HSN, Pontiac, West Side, West Side Federation, City Planning Department Locations: New, United States, Crown Heights, Brooklyn, Manhattan, Westchester County, Long, New York City, Street Brooklyn Staten, Prospect, Crown, U.S, Park, Riverside, Phoenix, Atlanta, City, St, Fulton, Ave, Vanderbilt Ave, Franklin, Army Plaza Lafayette Ave, , New, St . West, Amsterdam, Heights
CNN —A House Republican is pushing to ban transgender women from women’s restrooms at the US Capitol, two weeks after history was made with the election of America’s first out transgender person to Congress. South Carolina Rep. Nancy Mace on Monday introduced a resolution to amend the rules of the US House of Representatives less than two months before Democratic Rep.-elect Sarah McBride, a Delaware state senator, is sworn-in in January. “Sarah McBride doesn’t get a say. But on the trail, she did allude to a broader theme of respect — specifically, that everyone deserves a member of Congress that respects them and their families. CNN’s Arit John, Jack Forrest and Karina Tsui contributed to this report.
Persons: America’s, Nancy Mace, Sarah McBride, “ Sarah McBride doesn’t, , McBride, , “ Delawareans, I’m, ” Mace, , ’ I’m, Roe, Wade, Mace –, Cadets —, ” McBride, Lisa Blunt Rochester —, , CNN’s Arit John, Jack Forrest, Karina Tsui Organizations: CNN, Republican, Capitol, South Carolina Rep, Democratic Rep, South Carolina Republican, Citadel, Military College of South, , Citadel’s, Cadets, GOP, Human, The Ohio Senate Locations: Delaware, Military College of South Carolina, The Ohio
Andrew Harnik | Getty ImagesPresident-elect Donald Trump's return to the White House is poised to have big impacts on consumer health care. CMS, in turn, administers the Affordable Care Act marketplace and the Children's Health Insurance Program (CHIP), among other endeavors. A spokesperson for Trump's transition team did not respond to a request from CNBC for comment about the President-elect's health policy plans. Still, it's a 'big' gamble to forgo health insurance Around 3.8 million people will lose their health insurance if the subsidies expire, the Congressional Budget Office estimates. Short-term health insurance plans offer coverage for limited amounts of time, and typically on fewer medical services than comprehensive coverage.
Persons: Donald Trump, Andrew Harnik, Donald Trump's, Michael Sparer, Sparer, Trump, Robert F, Kennedy Jr, Kennedy, who's, Mario Tama, Cynthia Cox, I'd, Cox, Sabrina Corlette, Georgetown University's, Corlette, Carolyn McClanahan, Larry Levitt, Levitt, enrollee, they're, Yasin Ozturk, Biden, It's, Organizations: Base Andrews, Getty, Affordable, Trump, Republican, Columbia University, of Health Policy, Management, of Health, Human Services, Medicare, Services, CMS, Children's Health Insurance, Washington Post, The Washington Post, CNBC, Providence St, Mary Medical Center, Finance, American, ACA, Cox, Congressional, Office, Republicans, Center, Health, Georgetown, Georgetown University's McCourt School of Public, Planning Partners, Medicaid, Social Security, Maskot, of Columbia, U.S, Capitol, Washington , D.C, Anadolu Agency, GOP, Corlette, pharma, Centers Locations: Base Andrews , Maryland, U.S, Duluth, Apple Valley , California, Jacksonville , Florida, Washington ,
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMIILLER: I think there is an overreaction... We don't think HHS changes will affect usMark Miller, CEO of Universal Health Services, believes a potential RFK Jr. appointment as HHS Secretary won't significantly affect their business. Despite a stock drop, he sees it as an overreaction and doesn't expect changes to the Affordable Care Act. He welcomes deregulation under the new administration, which could benefit the healthcare sector.
Persons: Mark Miller Organizations: Universal Health Services, RFK, Affordable
AdvertisementU.S. News and World Report released its annual list of the best places to retire in America. 1 on U.S. News and World Report's new list of the best places to retire. Prioritizing happiness means some more expensive places ranked higher on the list of best places to retire. AdvertisementTake Jim and Ellen Diamond, a retired couple in their 80s who were living in Hastings-on-Hudson, New York, a suburb of New York City. AdvertisementBelow are the 24 best places to retire in the US, according to U.S. News and World Report.
Persons: Daniel Mehalek, Mehalek, Dawn Bradbury, Jim, Ellen Diamond, Jim Diamond Organizations: News, Fortune, Sunshine State, . News, U.S . News, Business, Bureau Locations: America, South, Midwest, Chicago, Bonita Springs , Florida, Naples, Florida's, Illinois, Naples , Florida, , Virginia, Raleigh , North Carolina, Huntsville , Alabama, U.S, Washington, DC, San Francisco, New York City, Hastings, Hudson , New York, Midtown Manhattan
AdvertisementI'm an interior designer, and I'm always looking for stylish pieces that are a good value. Walmart has a pretty impressive selection of affordable and stylish home decor. I found cozy pillows, stylish lamps, and unique wood accents I would purchase there. As an interior designer, I'm always on the lookout for stylish pieces that also offer me value. Whether you're refreshing a room or need that perfect finishing touch, here are a few pieces I'd absolutely pick up from Walmart right now.
Persons: I'm, I've Organizations: Walmart
The big storyA Copilot conundrumMicrosoft; Chelsea Jia Feng/BIMicrosoft's challenges with its flagship AI product could be another red flag for an industry with high hopes for the tech. Earlier this year, analysts at Barclays highlighted an under-the-radar risk to AI bets: the depreciation costs related to AI chips . A potential Trump trade plan beneficiary: US semiconductor jobs. If Trump's proposed trade plan is enacted, the American semiconductor industry could see hiring growth. Walmart might be just fine under Trump's proposed trade plan.
Persons: Copilot, Chelsea Jia Feng, Insider's Ashley Stewart, Satya Nadella didn't, doesn't, Ashley, It's, Sam Altman, Alistair Barr, Alyssa Powell, Jared Spataro, OpenAI, Biden, Carlyle, Will Matt Gaetz, Will Trump, Rob Arnott, Arnott, ANGELA WEISS, Trump's, Ilya Sutskever, Mira Murati, Rebecca Zisser, homebuyers, Trump, Bob Iger, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, New York.Milan Sehmbi Organizations: Business, Microsoft, Chelsea, Getty, Lumen Technologies, Barclays, Trump, Treasury, UFC, Republican, Getty Images, Elon, Spirit Airlines, JetBlue, Walmart, Walmart US, Shoppers, The Locations: Ukraine, Russia, Rio de Janeiro, New York, Chicago, London, New York.Milan
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