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☆ 5 expats who relocated to Iceland break down the biggest challenges they faced after moving
▼ + stars: | 2024-02-04 | by ( Grace Dean | ) www.businessinsider.com time to read: +7 min

Five expats to Iceland told Business Insider about the biggest challenges they faced. "I used to be afraid of winter coming," Jewells Chambers, who relocated from Brooklyn seven years ago and makes the podcast All Things Iceland, said. Public transport is 'terrible'"Driving is the standard in Iceland," Chambers said. "I think tourism has been wonderful for Iceland," Basappa said. And the main street in Reykjavik used to be Icelandic boutiques, but "everything got swept up and turned into puffin shops," she said.

Persons: You've, Shruthi Basappa, Jewells Chambers, Grace Dean, Chambers, Sonia Nicolson, Jeannie Riley, Nicolson, Riley, you've, Basappa, Alice Olivia Clarke, She'd, expats, Chambers doesn't, They're, they'd, It's, Soeren, Clarke, Airbnb, Brooklyn . Nicolson Organizations: Statistics, Business, SEI, Hallmark, Toyota, Facebook, Tourism, Getty Locations: Iceland, Statistics Iceland, India, Barcelona, Brooklyn, Texas, Canada, Reykjavik, puffin, expats, Brooklyn .

☆ FBI: 'Financial sextortion' of teens is a 'rapidly escalating threat.' How parents can protect their kids
▼ + stars: | 2024-02-01 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

Cavan Images | Cavan | Getty Images"Financial sextortion," a type of cybercrime that targets teens and tweens, is on the rise. "Sextortion is a rapidly escalating threat," FBI Director Christopher Wray told the Senate Judiciary Committee in December. Financial sextortion is the fastest-growing crime targeting children in North America and Australia, according to the Network Contagion Research Institute. Wealthy parents are more likely to be lenient about social media use. How to protect your kids from sextortion

Persons: Christopher Wray, Sen, Dick Durbin, Criminals, Tracy Kitten, Kitten, didn't, Oladosu, sextortion Organizations: Getty, FBI, Finance, Network, Research, Yahoo Boys, Meta, Strategy, U.S, YouTube Locations: Cavan, North America, Australia, African, U.S, Nigerian, bitcoin, sextortion

☆ Meta's retreat from news accelerated in 2023, leaving publishers scrambling for traffic
▼ + stars: | 2024-01-22 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +14 min

At Mother Jones, a 48-year-old nonprofit magazine specializing in politics and investigations, the implications were dramatic. "The firehose of Facebook traffic was never going to pay for our journalism, for the majority of our journalism," Bauerlein said. Last decade, many publishers saw their "social traffic decline pretty dramatically," with Facebook deprioritizing text-based articles in favor of video content, Cholke said. "If we all end up finding news in the metaverse, then you'll be finding Mother Jones in the metaverse," she said. What Mother Jones won't do, she said, is "bet everything on one platform, because that never works out."

Persons: Mark Zuckerberg, Sen, John Kennedy, Bill Clark, Reuters Mother Jones, Monika Bauerlein, Mother Jones, Meta, Donald Trump, Bauerlein, Jill Nicholson, Nicholson, Zuckerberg, David Carr, Carr, We've, Meta hasn't, It's, Similarweb, Sam Cholke, John S, Adams, Jonah Peretti, " Peretti, Jessica Probus, BuzzFeed's, BuzzFeed, Probus, Cholke, that's, Chartbeat's Nicholson, Mathew Ingram, Facebook, Ingram, Pew, Elisa Shearer, influencers, Jones Organizations: Facebook, Reuters, Mother, CNBC, Google, Meta, Daily, Comcast, Vice Media, Institute for Nonprofit News, Texas Tribune, Montana Free Press, The Texas Tribune, Institute for Nonprofit, Longtime, Columbia Journalism, Pew Research Center, Pew Locations: Washington, France, Germany, Australia, Helena, American

☆ The Magnificent Seven stocks led 2023's market. Here's what the pros expect for 2024
▼ + stars: | 2023-12-24 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Megacap technology stocks reascended the throne in 2023 after a debilitating 2022 left some investors sour on the outlook for the industry. The stocks are really going to have to show what the next big thing is." Even as it outperformed the market, the e-commerce giant's gains were overshadowed by other large megacaps flaunting their latest AI innovations, with some worrying Amazon may be falling behind on AI technology . Semiconductor companies Intel , Broadcom and Lam Research also look attractive even if Mag 7 stocks maintain their leadership position as AI proliferates, Woods said. "It's a story that is just starting to play out and we're just going to build on it going forward," he said.

Persons: Tesla, Jay Woods, hasn't, Capital's, Woods, aren't, DoorDash, Uber, Neuberger, Dan Flax, Bard, missteps, Gene Munster, Ken Mahoney, Richard Bernstein, wouldn't, Brent Fredberg, we're Organizations: Federal, Nvidia, Amazon, Apple, Microsoft, Meta, Tesla, Freedom Capital, Asset Management, Richard Bernstein Advisors, Brandes Investment Partners, outperformance, Micron Technology, Semiconductor, Intel, Broadcom, Lam Research Locations: GOOGL

☆ COP28: What sea level rise will look like in the cities that have hosted global climate summits
▼ + stars: | 2023-12-03 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +10 min

And scientists say the steady climb of global sea level will continue for many decades as temperatures crank higher. A photo illustration of the Burj Khalifa in Dubai, United Arab Emirates, if we sharply cut carbon pollution (1.5°C global warming). Climate Central A photo illustration of the Burj Khalifa in Dubai, United Arab Emirates, if we keep our current carbon path (3°C global warming). Climate Central Photo illustrations from Climate Central What sea-level rise could look like at the Burj Khalifa in Dubai, United Arab Emirates. A photograph of the Fortaleza del Real Felipe in Lima, Peru, if we sharply cut carbon pollution (1.5°C global warming).

Persons: Sabelle, ”, Benjamin Strauss, ” Strauss, Chhatrapati Shivaji Maharaj Vastu, Shivaji Maharaj Vastu Organizations: CNN, Climate Central, UN, United Arab Emirates, Fortaleza del Real Felipe, Climate, Durban City Hall, U.S . Navy, NGA, World Meteorological Organization Locations: Dubai, Burj Khalifa, United Arab Emirates, United Arab, Fortaleza, Lima , Peru, Earth’s, Climate Central, COP21, Paris, Durban, South Africa, Mumbai, India, Chhatrapati, Antarctica, Copenhagen, Denmark, Christiansborg, COP28

☆ 10-year Treasury yield falls below 4.3% for the first time since September
▼ + stars: | 2023-11-29 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

The yield on the 10-year Treasury was 4 basis points lower at 4.296%. The 2-year Treasury yield was last down by more than 3 basis points at 4.703%. U.S. Treasury yields fell on Wednesday as investors considered the outlook for interest rates and awaited fresh data that could provide hints about the state of the economy. Concerns about the state of the economy and whether higher rates will lead to a recession have also continued. Data published Tuesday suggests that consumers still expect economic contraction, however their overall confidence in the economic outlook rose in November.

Persons: Christopher Waller, Waller Organizations: Treasury, U.S, Investors, Federal Reserve

☆ How AI could power the climate breakthrough the world needs
▼ + stars: | 2023-11-26 | by ( Clare Duffy | Rachel Ramirez | ) edition.cnn.com time to read: +14 min

The tool uses data on the climate, water and soil of a particular location to measure how viable the landscape will be for growing in the coming years. “The way we think about AI is it’s a time and effectiveness multiplier to the solutions for climate change,” Gupta told CNN. But for all of AI’s promise, the infrastructure that supports the technology — data centers filled with rows of powerful, energy-sucking computers — could itself be a strain on the environment. For now, the amount of energy used to power AI is relatively small compared to what’s consumed by transportation or buildings. Data center operators like Google are already thinking about how to reduce the resources needed to power the computing behind their AI models.

Persons: David Rind, ClimateAi, Himanshu Gupta, ” Gupta, ”, Fengqi, “, Kara Lamb, Aditya, Dan Keeler, ” Keeler, Anna Liljedahl, ” Liljedahl, Keeler, Daniel Leal, ClimateAi’s Gupta, Anna Robertson, ” Robertson, Alex de Vries, Alex Kraus, Adam Selipsky, —, Gupta Organizations: David Rind . New York CNN, Farmers, CNN, Cornell, Getty, Technology, Climate Research, Google, Bloomberg, Web Services, —, “ Regulators, ” Tech Locations: David Rind . New York, India, Maharashtra, Columbia, American, Ireland, Oregon, United States

☆ US housing starts rise moderately; tight supply supporting new construction
▼ + stars: | 2023-11-17 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

Single-family housing starts, which account for the bulk of homebuilding, rose 0.2% to a seasonally adjusted annual rate of 970,000 units last month, the Commerce Department's Census Bureau said. Overall housing starts rose 1.9% to a rate of 1.372 million units in October. The number of housing under construction dipped 0.1% to a rate of 1.674 million units. The inventory of single-family housing under construction declined 0.6% to a rate of 669,000 units, the lowest level since May 2021. The stock of multi-family housing under construction edged up 0.1% to 987,000 units, not far from recent record highs.

Persons: Jeffrey Roach, Ben Ayers, Freddie Mac, Bill Adams, Thomas Ryan, Lucia Mutikani, Chizu Nomiyama, Nick Zieminski Organizations: WASHINGTON, Commerce Department, LPL Financial, Commerce, Data, National Association of Home Builders, Nationwide, Federal Reserve, Treasury, Comerica Bank, Reuters, Realtors, Capital Economics, Thomson Locations: Charlotte , North Carolina, homebuilding, Commerce Department's, Northeast, Columbus , Ohio, Dallas, West, South, Midwest

☆ US retail sales dip; producer prices post biggest drop in 3-1/2 years
▼ + stars: | 2023-11-15 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

Economists polled by Reuters had forecast retail sales would fall 0.3%. Excluding automobiles, gasoline, building materials and food services, retail sales rose 0.2% in October. Data for September was revised up to show these so-called core retail sales rising 0.7% instead of the previously reported 0.6%. Core retail sales correspond most closely with the consumer spending component of GDP. Goods prices rose 0.8% in September.

Persons: Bill Adams, Lucia Mutikani, Chizu Nomiyama, Paul Simao Organizations: Saks Fifth, REUTERS, WASHINGTON, Federal, Comerica Bank, Commerce, Data, Reuters, United Auto Workers, Treasury, Consumer, Labor Department's Bureau of Labor Statistics, Wednesday, PPI, Reuters Graphics, Fed, Thomson Locations: New York City, U.S, Dallas, Commerce Department's

☆ What Long-Term Care Looks Like Around the World
▼ + stars: | 2023-11-14 | by ( Jordan Rau | ) www.nytimes.com time to read: +4 min

Provinces and territories fund long-term care services through general tax revenue. Notably, Canada’s long-term care system is separate from its national health care system, which pays for hospitals and doctors with no out-of-pocket costs to patients. on long-term care, 80 percent more than the United States spent. Britain has also taken steps to shield people from losing all of their wealth to pay for long-term care. Singapore recently instituted a system of mandatory long-term care insurance for those born in 1980 or later.

Persons: D.P., 🇸 🇬, ove, —, Kath l Organizations: Uni, pla, Citi, emi Locations: D. data, nis

☆ Protests sweep around the globe as Israel’s war in Gaza grinds on
▼ + stars: | 2023-11-13 | by ( Prasanta Kumar Dutta | ) www.reuters.com time to read: +5 min

A graphic shows all demonstrations in the ACLED data clustered by whether they were pro-Palestinian, pro-Israel or neutral. Pro-Palestinian make up 3,761 demonstrations; pro-Israel, 529 demonstrations; and neutral, 95 demonstrations. Note: Analysis includes peaceful protests, protests with intervention, protests with excessive force used against protesters and violent demonstrations as categorised by ACLED. In Berlin, ACLED reported hundreds of demonstrators were arrested during multiple protests during October, as pro-Palestinian protestors clashed with police. There are many pro-Israel demonstrations as well as pro-Palestinian demonstrations.

Persons: Israel —, ACLED, Gazans Organizations: Israel, Al, Arabi, Palestinian, Palestine, ”, U.S Locations: Israel, Gaza, London, Berlin, Paris, Ankara, Istanbul, Washington, Israel’s, Palestinian, Ahli, Gaza City, East, North Africa, West, Yemen, Iran, Turkey, Morocco, Europe, United States

☆ Stocks making the biggest moves midday: Datadog, Re/Max, Planet Fitness, Tripadvisor and more
▼ + stars: | 2023-11-07 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Revenue was $547.5 million, topping the $524.7 million expected. Planet Fitness — Shares rallied 12.4% after the gym chain topped expectations for both earnings and revenue for the third quarter. Vivid Seats beat analysts' expectations for third-quarter revenue, while also offering strong guidance on the measure for 2023 and 2024. Tripadvisor — Shares of the travel website operator jumped 9.5% after the company beat third-quarter earnings and revenue expectations. Hims & Hers Health also raised its full-year guidance and announced a $50 million share repurchase program.

Persons: Max —, Morgan Stanley, Max, StreetAccount, Tripadvisor, Sanmina, Goldman Sachs, D.R, Horton —, — CNBC's Pia Singh, Tanaya Macheel, Sarah Min, Alex Harring, Jesse Pound Organizations: StreetAccount, Revenue, National Association of Realtors, BioMarin Pharmaceutical, Reuters, Elliott Investment Management, BioMarin, Air Products, Chemicals, UBS, Credit Suisse Locations: Swiss

☆ Eurozone Economy Shrinks, While Price Pressures Ease
▼ + stars: | 2023-10-31 | by ( Liz Alderman | More About Liz Alderman | ) www.nytimes.com time to read: +1 min

Growth in the eurozone contracted unexpectedly this summer, as rising interest rates cooled momentum in Germany and France, the region’s two biggest economies, Europe’s statistics agency reported Tuesday. The downturn reflected the challenges facing policymakers at the European Central Bank, who last week paused their campaign of interest rate increases to fight inflation amid signs the region’s economy has weakened. Data showed the eurozone’s inflation rate in October eased to 2.9 percent, another sign of the impact of the central bank’s higher interest rates. Compared with a year ago, economic growth was up just 0.1 percent. Europe’s anemic growth pace is in sharp contrast to the United States, where the economy has surged despite a steep hike in interest rates by Federal Reserve to tame inflation.

Organizations: European Central Bank, Data, Federal Reserve, Gross Locations: Germany, France, United States

☆ Databricks, the $43 billion analytics firm, acquires data startup Arcion for $100 million
▼ + stars: | 2023-10-23 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

Databricks has agreed to acquire Arcion, an enterprise data company, for about $100 million, including incentives, CEO Ali Ghodsi told CNBC ahead of an official Monday announcement. The acquisition comes after Databricks announced a $500 million funding round in September at a valuation of $43 billion. Arcion is Databricks' first acquisition since acquiring MosaicML, an AI infrastructure startup specializing in training large language models, for $1.3 billion. It's part of Databricks' AI push, and partly inspired by the tech sector's growing interest in generative AI, which can require a lot of training data. "We think we can make a lot of revenue on this particular acquisition," Ghodsi said.

Persons: Ali Ghodsi, Databricks, Ghodsi, we're, Rajkumar Sen, Miryana Organizations: Databricks Inc, Bloomberg Technology, CNBC, Oracle, Arcion's Locations: San Francisco

☆ US single-family starts rise; soaring mortgage rates a challenge
▼ + stars: | 2023-10-18 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

In addition, the jump in housing starts partially recouped the decline in August. The rebound in homebuilding probably reflected permits approved several months ago before mortgage rates broke above 7%. Single-family housing starts, which account for the bulk of homebuilding, increased 3.2% to a seasonally adjusted annual rate of 963,000 units last month, the Commerce Department said. Single-family starts rose in the Midwest, West and the densely populated South, but plunged 19.0% in the Northeast. Though permits are a leading indicator, economists cautioned against being too optimistic about homebuilding prospects, citing the soaring mortgage rates and souring builder sentiment.

Persons: Sarah Silbiger, homebuilding, homebuilders, Conrad DeQuadros, Christopher Rupkey, Colin Johanson, Lucia Mutikani, Dan Burns, Chizu Nomiyama, Andrea Ricci Organizations: REUTERS, Brean, Commerce Department, Data, Mortgage Bankers Association, Federal Reserve, Treasury, Reuters, Realtors, Barclays, Thomson Locations: Washington , U.S, WASHINGTON, homebuilding, New York, Midwest, West, Northeast, U.S

☆ 3 ways Costco can win leveraging AI and its treasure trove of member shopping data
▼ + stars: | 2023-10-13 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

For the entire grocery industry, Cowen sees AI amplifying "loyalty by harnessing customer interaction data to offer prescriptive advice." Customer experience Costco has the "unique opportunity to drill into the buying habits of their individual members," Morningstar retail analyst Noah Rohr told CNBC in an interview. Rohr believes that generative AI advancements could be as simple as making promotional emails more relevant to each individual member. The retailer utilizing its large customer data sets is "a big advantage when it comes to inventory planning," Morningstar's Rohr said. Rohr said Costco can also optimize its data with AI by making sure store employees are using their time efficiently.

Persons: TD Cowen, Cowen, Noah Rohr, Joe Feldman, ChatGPT, Rohr, Feldman, it's, Morningstar's Rohr, Kirkland, Jim Cramer's, Jim Cramer, Jim Organizations: Costco, Walmart, Morningstar, CNBC, Kirkland, Advisory, Corbis, Getty Locations: Kirkland, Teterboro , New Jersey

That changed in September when U.S. central bank officials themselves sensed that progress on housing inflation might have stalled. Data released on Thursday confirmed a jump in shelter prices that, for a month at least, bucked the trend. "The uptick in housing inflation this month was the key surprise. Housing inflation will need to decline sharply over the coming months for us to see inflation near 2%." In the list of risks for inflation to remain elevated, Fed officials in September pointed to "the effects of a strong housing market."

Persons: Sarah Silbiger, Olu Sonola, aren't, Jerome Powell, Kathy Bostjancic, disinflation Powell, Andrew Hunter, CoreLogic, Hunter, Howard Schneider, Paul Simao, Jonathan Oatis Organizations: REUTERS, Rights, Federal Reserve, Fitch, Fed, Nationwide, Reuters Graphics Reuters, Capital Economics, Reuters, Thomson Locations: Washington , U.S, U.S

☆ The giant sucking sound you hear is the gobs of capital being pulled away from emerging managers. Here's how one solo capitalist defied the slump.
▼ + stars: | 2023-10-12 | by ( Melia Russell | ) www.businessinsider.com time to read: +6 min

Those who raised their first venture capital funds in the pandemic-era boom times are now struggling with their sophomore efforts. Despite the tailwinds, some emerging managers are defying the slump and raising new funds. He told Insider exclusively that he's now closed on $15 million for fund two from investors including Cendana Capital, Invesco Private Capital, and two dozen startup founders. And so in 2019, he reached into his network of founders and raised a $2 million fund to invest in software companies. Now, he's already gearing up for fund three, which Wan said he plans to launch in 2024.

Persons: Insider's Callum Burroughs, Jordan Wan, Wan, Zocdoc, Oliver Kharraz, it's, Alan Ni, Jake Cooper, Manoj Kanagaraj, Blackstone, Cooper didn't, Cooper, they've, Wolf Organizations: Sequoia, Partners, Cendana, Invesco, Capital, Oscar Insurance, Garner Health Locations: London, Denver , Colorado, Wan

☆ Blood tests needed for widespread Alzheimer's diagnosis on the way
▼ + stars: | 2023-10-11 | by ( Deena Beasley | ) www.reuters.com time to read: +6 min

Several Alzheimer's blood tests are in the works – and one is already being sold to consumers – but none have been established as accurate, formally approved by regulators or reimbursed by insurers. Researchers have been working for years on blood tests for Alzheimer's that can replicate these diagnostic tools. The need for blood tests has become more pressing since the FDA approved Leqembi in July. Accurate blood tests are expected to help identify which dementia patients actually have Alzheimer’s, the most common but not the only cause of dementia. "When there are widely available, scalable, sensitive and specific blood tests it will be an absolute game changer for Alzheimer's patients."

Persons: Denis Balibouse, Eli Lilly, Dr, Sarah Kremen, Eliezer Masliah, Eisai, Michael Irizarry, Roche, Bruce Jordan, Russ Paulsen, Deena Beasley, Caroline Humer, Bill Berkrot Organizations: Memory Centre, of Readaptation, University Hospital, REUTERS, FDA, Sinai Medical Center, Wednesday, Quest Diagnostics, National Institute, Aging, U.S . National Institutes of Health, C2N Diagnostics, Roche Diagnostics, Alzheimer's Association, RAND, Thomson Locations: Geneva, Switzerland, Leqembi, Eisai, Los Angeles, U.S

☆ Data centers are booming. Their need for power is causing utilities to retreat on green energy.
▼ + stars: | 2023-10-09 | by ( Daniel Geiger | Ellen Thomas | ) www.businessinsider.com time to read: +18 min

Katie Hobbs at Google's September announcement of a a new $600 million data center in Mesa, Arizona. The amount of electricity needed to power data centers in the U.S. is expected to more than double by 2030, according to McKinsey. "With data centers, you're going to do all of the above to have capacity to meet those loads." Utilities struggle to meet data center loads while cutting carbonThe utility-level impact of the data center industry's energy demand reaches beyond Phoenix. In preliminary documents, it has identified data centers as "the major source of load growth during 2023-2038."

Persons: Karla Moran, Moran, Katie Hobbs, you've, Terry Boston, James Glynn, Glynn, Caryn Potter, it's, OPPD, that's, David Corbin, Corbin, Valerie Plesch, Aaron Ruby, Devon Smiley, Smiley, Lee Kestler, Ruby, George Frey, Wendy Bridges, Bridges, Jill Hanks, Hanks, Potter, Meghin Delaney, Reno, Kestler, EdgeCore, Hunter Holman, Delaney, Holman Organizations: Microsoft, Google, Digital Realty, Arizona Gov, McKinsey, PJM, Columbia University's Center, Global Energy Policy, Southwest Energy Efficiency, Utilities, Omaha Public Power, Sierra Club's, The Washington, Getty, Dominion Energy, Dominion, Blackstone, KKR, APS, Phoenix, Goodyear, NV Energy, Reno, Bay Area, Silver State, Western Resource Locations: Phoenix, Salt, Mesa , Arizona, City, Mesa, U.S, Arizona, Phoenix . Omaha , Nebraska, New York, Sierra Club's Nebraska, Woodbridge , Virginia, Virginia, Nebraska, OPPD, Eagle Mountain , Utah, Brookfield, Seattle, Goodyear, Bay, Nevada, Reno, Las Vegas, North

☆ ‘Dark’ ships are faking their locations to move oil around the world — and it's likely worth billions of dollars
▼ + stars: | 2023-09-26 | by ( Lucy Handley | ) www.cnbc.com time to read: +8 min

Maritime technology company Windward identified the area as a hub for smuggling oil. Cargo ships and car ferries cross the Kerch Strait, an area of "dark activity," according to marine technology company Windward. So that's definitely moved that focus into, okay, I'm now going to manipulate that signal," he told CNBC by video call. This can be done in a number of ways, a Spire spokesperson told CNBC by email. "If you're in the insurance industry, and you're not paying attention to this, you really need to start paying attention," Swift told CNBC by video call.

Persons: John Lusk, Christopher Swift, Foley, Lardner, We're, Lusk, Ami Daniel, Daniel, Good Hope, Iain Goodridge, Spire's, that's, I'm, " Goodridge, OFAC, Swift Organizations: Windward, Europa Press, Getty, Maritime Organization, AIS, Spire Maritime, Government, CNBC, Russia, Anadolu Agency, Venezuela, Spire, U.S . Treasury Department Locations: Morocco, Maritime, Ukraine, U.S, Russia, Kerch, Windward, Arabian, Venezuela, The U.S, East Asia, Angola, Venezuela's, South Africa's, Good, China, Malaysia

☆ Sec. Buttigieg looking for reductions in unruly passengers, close calls after busiest air travel summer on record
▼ + stars: | 2023-09-01 | by ( Greg Wallace | ) edition.cnn.com time to read: +2 min

CNN —As an increasing number of passengers are acting out on crowded aircraft this summer, Transportation Secretary Pete Buttigieg has an admonition for passengers. “We expect everybody to respect flight crews and their fellow passengers.”Incidents ticked up over the summer months, from 586 last summer to 747 this year, according to FAA records. He made the comments as the Transportation Security Administration said the summer was the busiest at airports nationwide in the agency’s two-decade history. Buttigieg said airlines are doing a better job than last summer at getting passengers to their destinations. Sometimes we’ve seen an issue with ground crews.”“We have extremely high standards for close calls,” he continued.

Persons: Pete Buttigieg, ”, “, ” Buttigieg, Buttigieg Organizations: CNN, O’Hare, FAA, Justice Department, Transportation Security Administration Locations: Chicago

☆ No, you're not crazy. Pumpkin spice season is starting earlier this year, despite the ongoing sweltering heat.
▼ + stars: | 2023-08-23 | by ( Haley Tenore | ) www.businessinsider.com time to read: +2 min

Data shows a 2,200% increase in pumpkin spice items for sale. On Wednesday, Starbucks announced that its fall lineup, which includes its famous pumpkin spice latte, will be released on Thursday, August 24. This year marks the 20th anniversary of the pumpkin spice latte's release. Over the past decade, the latest date Starbucks released the fall lineup was in 2015, when the lineup dropped on September 8. Competing coffee chain Dunkin' reintroduced its fall lineup on August 16.

Persons: Dunkin, Krispy, It's, it's, Samuel Adams Organizations: Service, Starbucks Locations: Wall, Silicon, America, Bath

☆ A luxury department store in San Francisco threatens to shut up shop after 162 years, describing the city as 'unlivable' for its residents and 'unsafe' for its staff
▼ + stars: | 2023-08-16 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

The owner of luxury San Francisco retailer Gump's warned that this holiday season "may be our last." He said San Francisco is "unlivable for its residents, unsafe for our employees, and unwelcoming to visitors." Gump's is located just off Union Square in downtown San Francisco. Chachas made his remarks in an open letter to California Governor Gavin Newsom, San Francisco Mayor London Breed, and the San Francisco Board of Supervisors in which he criticized their leadership, published as a paid-for ad in Sunday's edition of The San Francisco Chronicle. "Such abject disregard for civilized conduct makes San Francisco unlivable for its residents, unsafe for our employees, and unwelcoming to visitors from around the world."

Persons: Gump's, John Chachas, Chachas, Gavin Newsom, unlivable, San, Newsom Organizations: Service, San Francisco Mayor London Breed, San Francisco, of Supervisors, San Francisco Chronicle, Census Bureau, San, City, Statistics, San Francisco's Department of Public Health, Public, Whole Foods, Navy, Supervisors, Chachas Locations: San Francisco, Francisco, Wall, Silicon, downtown San Francisco, California, New York, Texas, Florida, San Francisco's, City and County

Asian stocks fell to a one-month low and European indexes were in the red, with the STOXX 600 down 0.8% at 1125 GMT (.STOXX). "We’re still getting a mixed message from the inflation numbers," said Ben Laidler, global markets strategist at eToro. The pound was up 0.4% at $1.2725 , after GDP data showed Britain eked out some unexpected growth in the second quarter, helped by a strong June performance. But it remains the only large advanced economy that has not yet regained its pre-COVID late-2019 level, data showed on Friday. Investors will be watching for UK inflation data next Wednesday.

Persons: DAX, Mary Daly, We’re, Ben Laidler, eToro's Laidler, Brent, Elizabeth Howcroft, John Stonestreet, Susan Fenton Organizations: Credit Suisse, Wall, San Francisco Federal Reserve Bank, Investors, Nasdaq, HK, Britain, West Texas, International Energy Agency, Thomson Locations: Silicon, China, Australia, Japan

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