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I’ve never really understood why people enjoy eating chicken. Like the frenzy of people crowding Chick-fil-A or Popeyes when a limited-edition chicken sandwich goes on sale, as if it were the latest iPhone release. Or the fact that there’s something called the “chicken sandwich wars,” which could return in 2024 — thanks in part to the recent limited release of two new McDonald’s crispy chicken sandwiches. Compared to the aroma of freshly baked bread or the sizzle of bacon — scents that beckon me closer — the fried chicken smell is like an unwelcome intrusion. Why exactly do you enjoy eating chicken?
Persons: CNN —, I’d, , Shannon Stapleton, chow, Homer Simpson, I’ve, Michael Nagle, ” I’m, I’m Organizations: CNN, Reuters, Bloomberg, Getty Locations: Louisiana, New York City, New York, South Africa
A new ADP Research Institute report showed how teacher pay compares to the pay of all employees. Teacher pay as a share of the pay for all employees aged 20 to 25 has greatly fallen over the years. AdvertisementThere's a shortage of teachers, and young adults could be shying away from the profession as teacher pay becomes less competitive. And for teachers aged 25 to 30, that has increased from $49,427 in January 2018 to $59,780 in October 2023. Education isn't the only field that may have trouble attracting young job seekers.
Persons: ADP's Nela Richardson, , Nela Richardson, Jeff Nezaj, Gen Zers, Richardson, Nezaj, Gen, It's, Aaron Terrazas, we've Organizations: ADP Research, Service, Business, Bureau of Labor Statistics, ADP Research Institute, Census, Denver, Denver Classroom
Now, some of China’s most zealous online nationalists have a new target in their crosshairs: the country’s first officially recognized Nobel laureate. Mo Yan receives the 2012 Nobel Literature Prize from King Carl Gustaf of Sweden during an award ceremony on December 10, 2012 in Stockholm. He accused Wu of creating a publicity stunt by “maliciously framing” the Nobel laureate and taking his words out of context. In 2011, he was named the vice chairman of the state-run Chinese Writers Association – an appointment that could not have been made without the blessing of the party. In 2022, Sima Nan, a nationalist pundit known for his inflammatory criticism of the United States, famously accused Mo’s Nobel win of being a Western effort to smear China.
Persons: Hong Kong CNN — They’ve, Mo Yan, Xi Jinping, Xi, Wu Wanzheng, Mao Xinghuo, Wu, Guan Moye, , Mo, King Carl Gustaf of Sweden, Jonathan Nackstrand, ” Zhang Yongsheng, Hu Xijin, Hu, , Murong Xuecun, “ Xi, Mao, Writers Association –, Liu Xiaobo, Liu, caricaturize, , doesn’t, Sima Nan, Mo’s Nobel, ” Murong Organizations: Hong Kong CNN, Communist Party, Communist, Getty, Red Guards, Tongji University, Global Times, Writers Association, Chinese Writers Association Locations: China, Hong Kong, Mo, Weibo, Stockholm, AFP, Shanghai, Beijing, Shandong, United States
Watch CNN’s coverage of the US Senate race in Arizona on “Inside Politics Sunday with Manu Raju” at 11 a.m. GOP leaders have counseled Arizona Senate candidate Kari Lake to avoid airing grievances about past elections and instead center her campaign on a more forward-looking message. But what I’m trying to do is look forward,” she said in the interview, which will air on Sunday’s “Inside Politics” with Manu Raju. “I do continue to talk about it when I’m on the campaign trail in Arizona. “We had major problems in our election, and we’re really working to resolve those problems.
Persons: Manu Raju ”, Kari Lake, Ruben Gallego, Donald Trump’s, Lake, , , , Manu Raju, I’m, Republican –, ” Trump’s, Katie Hobbs, MAGA, , Sen, Steve Daines, Daines, Lake’s, GOP Sen, John Barrasso of, we’re, Gallego, Hannah Goss, CNN’s Manu Raju Organizations: Senate, GOP, Democratic, CNN, Republican, Lake, , Capitol, Union Locations: Arizona, Montana, John Barrasso of Wyoming, Iraq
President Biden took his bid for a second term on the road on Friday, effectively opening the general election campaign with a strongly populist pitch and an aggressive attack on his Republican challenger, former President Donald J. Trump. Mr. Biden made clear that his regular targets during this re-election bid would be billionaires, corporations, pharmaceutical companies, banks, credit card companies and even potato chip makers. All of them, in his telling, are out to gouge consumers and duck their fair share of taxes. But his favorite villain in his election-year narrative will still be Mr. Trump, his opponent from 2020 now in a rematch set by this week’s Super Tuesday primaries. “Donald Trump and the MAGA Republicans are trying to take away our freedoms,” Mr. Biden told a crowd of cheering Democrats in a school gymnasium, this time not shying away from citing his challenger by name, unlike the night before.
Persons: Biden, Donald J, Trump, “ Donald Trump, MAGA, Mr, “ That’s, Organizations: Republican, Trump, MAGA Republicans Locations: Wallingford, Pa
I would have to be 64 years old before I could drive because, at 64, I would have had 16 leap birthdays. AdvertisementMy leap day birthday singled me out in a way that was entirely out of my control. I strove to celebrate my leap birthdays by partying in the fashion of my leap age. And so I like to think of leap day babies as problem solvers. After all, without leap day, everything would be just a little off.
Persons: , Julius Caesar, I've, Conan O'Brien Organizations: Service
We spoke to Swisher on Monday to get her insight on some of the challenges facing the media and tech landscape today. And they didn’t anticipate that these tech companies were going to get into media. If so, why haven’t legacy media companies been able to lure in top tech talent to improve their products? Media companies do not get to live by the same anti-gravity rules that tech companies have been able to. But media companies didn’t offer the same kind of upside.
Persons: New York CNN — Kara Swisher, ” Swisher, Swisher, it’s, BuzzFeed, they’ve, Steve Jobs, Rupert Murdoch, , Donald Trump’s, Joe Biden’s, It’s, You’ve, Elon Musk, Bill Ackman, I’m, Elon, Tyler Perry, Sora, everyone’s, Adrian Chen, , AllThingsD, Uber, We’ve, haven’t Organizations: New York CNN, Craigslist, . Media, Big Tech, New York Times, Harvard, The New York Times, Google Locations: New York
Rivian's cash and cash equivalents were $7.86 billion at the end of the December quarter, compared with $7.94 billion in the preceding three-month period. However, revenue for the October-December period stood at $1.32 billion, above Wall Street estimates of $1.26 billion, according to LSEG data. Rivian has been posting a loss on every vehicle it sells and expects to record its first quarter of positive gross margin later this year. The company's R2 platform, which is expected to be cheaper and smaller, is set to be unveiled early next month. The company reported a net loss of $1.52 billion for the fourth quarter ended Dec. 31, compared with a loss of $1.72 billion a year earlier.
Persons: Rivian, RJ Scaringe, Elon, shying, Tesla, Lucid Organizations: Visible, Tesla Locations: New York, Georgia
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewMark Zuckerberg drew the ire of some Apple fans after he ripped into the tech giant's $3,500 Apple Vision Pro in a video posted on Instagram earlier this week. "I don't think so," Zuckerberg told the Morning Brew Daily podcast. "I think we have a really good chance at winning, and I'm really committed to doing that," Zuckerberg said. Zuckerberg's thoughts on his video come after he said in it that the Quest 3 headset is superior to the Vision Pro.
Persons: , Mark Zuckerberg, doesn't, Steve Ballmer, Zuckerberg, I'm, they're, Apple, He's, Insider's Jordan Hart, Meta didn't Organizations: Service, Apple, Apple Vision, Business, Morning, Meta, Quest, Vision
KKR's family office survey of 75 chief investment officers around the world found that family offices had 52% of their portfolios invested in alternative investments in 2023, up from 42% in 2022. Family offices also have a special advantage in the current market, since banks and more traditional lenders are pulling back on loans to companies. Family offices plan to continue to move capital from cash and stocks into alternatives this year, according to the survey. The report said family offices are concentrating on data centers, logistics and warehouses "that capture the important post-pandemic investment themes." Another sector family offices like right now: oil and gas, in both private and public markets.
Persons: Robert Frank Organizations: KKR, CNBC PRO
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The move was an about-face for the president, whose administration had spent years calling it a national security risk. AdvertisementIt’s been deep in a public spat over music licensing with one of its most important partners, Universal Music Group. Some users have said it’s ruining the app by promoting shopping over the funny skits and dancing videos that first made TikTok popular. For leaders at ByteDance, who often have the final say over product decisions at TikTok, copying ideas from Douyin to TikTok is part of their playbook.
Persons: , TikTok, Joe Biden, Biden, Brandon, TikTok isn’t, it's, Taylor Swift, Olivia Rodrigo, UMG, ” TikTok, it’s, TikTok's, ByteDance, It’s, Meghana, Pissing, ” Michael Huppe, Katie Notopoulos, ” Dhar Organizations: Service, White, Business, Universal Music Group, Music, Black, Facebook, Google, Big Tech, , YouTube, Shopping Network Locations: TikTok, Washington, Meghana Dhar, China, ByteDance
It may be time to consider adding emerging markets bonds to your fixed-income portfolio. His Vanguard Emerging Markets Bond Fund (VEGBX) is rated five stars by Morningstar. BlackRock also likes emerging markets, specifically external currency debt. Often issued in U.S. dollars, hard currency EM debt is also cushioned from EM currency weakness as EM central banks cut rates," she wrote. He suggests working with an advisor if you want to add EM bonds to your portfolio.
Persons: shying, Daniel Shaykevich, Morningstar, you'd, Shaykevich, Wei Li, Vanguard's Shaykevich, It's Organizations: Vanguard, Emerging Markets Bond Fund, BlackRock, U.S, BlackRock Investment Locations: Treasurys, America, Mexico, Brazil, Saudi Arabia
Their Corporate Credit Fund, which trades under the ticker BCAAX for retail investors, largely focuses on high-yield bonds. The fund currently holds a little over 70% in high-yield bonds, 10% in cash and about 18% in investment-grade bonds. Another inefficiency the managers exploit is the area between low investment-grade bonds and the higher-rated high-yield market, Zox said. Investment-grade portfolio managers are shying away from the lower rated end of the investment-grade market, and high-yield managers are sticking with the higher rated end of the high-yield market, he explained. "We find better values in the lower rated part of the investment-grade market than the higher rated part of the high-yield market," Zox said.
Persons: John McClain, Bill Zox, aren't, Morningstar, McClain, BCAAX, Franklin Templeton, Zox, We're, they're, Wells, it's Organizations: Brandywine Global, Credit Fund, ICE, U.S, SEC, Morningstar, Brandywine, JPMorgan, Citi, Banco Popular, Investment, — Vector, Vector Group Locations: Brandywine, Diamond, Columbus , Ohio, Puerto Rican, Wells Fargo
As megacap tech stocks continue to fuel the rally on Wall Street, investors appear to be betting even more heavily that the big run for those market leaders will continue. Between the start of December and Feb. 2, tech sector funds brought in about $5.2 billion — more than double the next closest sector — according to Strategas. In fact, cumulative flows into all other sector funds combined have been net negative over the past three months. Not all tech sector funds will include every member of the Magnificent 7. The biggest health care sector funds on the market include the Health Care Select SPDR Fund (XLV) and the Vanguard Health Care ETF (VHT) .
Persons: Todd Sohn, " Sohn, Sohn's, Chris Verrone, Verrone Organizations: Nvidia, Vanguard Information Technology, Apple, Microsoft, Vanguard Health Care
WASHINGTON (AP) — President Joe Biden and Vice President Kamala Harris will share the stage on Tuesday in Virginia as they campaign for abortion rights, a top issue for Democrats in an election expected to feature a rematch with Donald Trump, the former Republican president. Biden and Harris will be joined by their spouses, first lady Jill Biden and second gentleman Doug Emhoff. Harris was in Wisconsin in Monday to mark the 51st anniversary of Roe v. Wade, the U.S. Supreme Court decision that legalized abortion nationwide. “In Texas, you are forced to carry that pregnancy, and that is because of Donald Trump overturning Roe v. Wade,” Dennard said. Although he is a longtime supporter of abortion rights, he mentions the issue less often and sometimes avoids using the word abortion even when he discusses the issue.
Persons: Joe Biden, Kamala Harris, Donald Trump, Biden, Harris, Jill Biden, Doug Emhoff, Roe, Wade, Trump, , ” Harris, , Austin Dennard, ” Dennard, there's, they've, Nikki Haley, Ron DeSantis, ” Trump, Jamal Simmons, ” Simmons, Amanda Seitz Organizations: WASHINGTON, Republican, U.S, Supreme, OB, Labor, of Health, Human Services, Associated Press, South, Gov, Fox News Locations: Virginia, Wisconsin, America, Texas, “ In Texas, Roe, Oklahoma, South Carolina
WASHINGTON (AP) — Vice President Kamala Harris is taking center stage in the Democrats' renewed push for abortion rights during this year's election and she will mark the 51st anniversary of the Roe v. Wade ruling on Monday in Wisconsin. The White House has repeatedly turned to Harris, the first woman to serve as vice president, to make its case. Although he is a longtime supporter of abortion rights, he mentions less often and sometimes avoids using the word abortion even when he discusses the issue. Abortion has reshaped Harris' tenure as vice president after earlier struggles when dealing with intractable issues like migration from Central America. “The president and the vice president appeal to different parts of the party," Simmons said.
Persons: Kamala Harris, Roe, Wade, Harris, Joe Biden, Jill Biden, Doug Emhoff, Donald Trump, Biden, that's, , , , Jen Klein, “ We’ve, ” Harris, Timmaraju, ” McEnany, Kamala, Nikki Haley, Trump, Ron DeSantis, ” Trump, Jamal Simmons, Simmons Organizations: WASHINGTON, , U.S, Supreme, Democratic, Republican, Democrats, National Abortion Rights, Trump, Fox News, GOP, South, Gov, Central America Locations: Wisconsin, Virginia, Washington, South Carolina, Central
Conversations and insights about the moment.
  + stars: | 2024-01-11 | by ( David French | ) www.nytimes.com   time to read: +2 min
So … how did you like the big Donald Trump interview on Fox News? No insights into current affairs more thrilling than a few vague references to Hunter Biden. It’s amazing that Fox News let its guest get through an hourlong interview without prodding him about the Jan. 6 riot. There, the defense claims that Trump couldn’t be charged with any crimes since he was the president at the time. Really — the argument is that you can’t prosecute a guy for trying to overturn the government while he’s in the government.
Persons: Donald Trump, don’t, Fox’s Bret Baier, Martha MacCallum, Hunter Biden, Lincoln, , Jack Smith, Trump, he’d Organizations: Fox, Fox News, Trump, CNN, he’s Locations: New York
WASHINGTON (AP) — The House is making history this year in ways that Republicans could hardly have envisioned when the party took control. First, the Republicans voted to oust their speaker, Kevin McCarthy, and on Friday they voted to get rid of one of their own, indicted GOP Rep. George Santos of New York. The result has been a dizzying 11 months in a House majority riven by infighting, chiseling away at the powers of Congress and taking its toll on the actual business of governing. As the year comes to a close, the arc of power for House Republicans is at an inflection point, a new era of performance politics and chaotic governing that shows no signs of easing. A scathing House Ethics report found “overwhelming evidence” of lawbreaking by Santos, including questionable campaign expenditures on items like Botox.
Persons: Kevin McCarthy, George Santos, chiseling, Mike Lawler, Santos, you’re, , ” Santos, , Donald Trump, Nick LaLota, Matt Gaetz, Mike Johnson, Johnson, Joe Biden, Hunter Organizations: WASHINGTON, House Republicans, Republican, New, Capitol, Yorkers, GOP, Trump, Republicans Locations: George Santos of New York, lawbreaking, Florida
Several large investment firms are writing off a recession in the US in 2024 as growth holds up and inflation steadily declines, but T. Rowe Price thinks that optimism may be misplaced. While T. Rowe Price doesn't have an official call on the economy, the brightest minds at the $1.4 trillion Baltimore-based firm urged investors to be cautious at a mid-November conference. However, T. Rowe Price is skeptical that the Fed will end its fight against inflation anytime soon. T. Rowe Price found that through October, those names rose 53.2% compared to a 1.2% year-to-date return for the other 493 companies in the S&P 500. Dom Rizzo, a portfolio manager of global technology equity strategy at T. Rowe Price, agreed that the Magnificent 7's momentum won't stop just because the group is pricey.
Persons: Rowe Price, Goldman Sachs, Goldman, Jan Hatzius, Rowe Price doesn't, We're, Tim Murray, Rowe Price's, Murray, We've, Rowe, Uruci, he's, it's, Tesla, let's, Dom Rizzo, Rizzo, septet, Santa, He's Organizations: Citi, UBS Global Wealth Management, Business, Federal Reserve, Apple, Microsoft, Nvidia, Meta, AMD Locations: Baltimore, Santa Clara
CNN —Emerald Fennell knew exactly what she was doing, dressing Jacob Elordi like that. Nice try.’”Jacob Elordi as the upper class Felix Catton in "Saltburn." “Saltburn” is a film in the British country house gothic tradition, complete with snobbish butler, black-tie dinners, calcified ways and repressed emotions. Alison Oliver as Venetia Catton, Jacob Elordi as her brother Felix, and Barry Keoghan as Oliver Quick in "Saltburn." Emerald Fennell directs Barry Keoghan and Jacob Elordi on location for "Saltburn."
Persons: Emerald Fennell, Jacob Elordi, Elordi, Elvis Presley, Sofia Coppola’s “ Priscilla, , , Felix, I’ve, ” Fennell, Jacob, , Nice, ’ ” Jacob Elordi, Felix Catton, Fennell, Part Dickie, Ripley, Sebastian, Oliver –, Barry Keoghan –, “ Rebecca, ” “ Jude the, Alison Oliver, Venetia Catton, Barry Keoghan, Oliver Quick, Chiabella James, Oliver, Felix’s, Richard E, Grant’s, Sir James, Rosamund Pike’s, Elspeth, There’s, Venetia, Farleigh, “ Barry, hasn’t, she’s, “ I’m, isn’t, Woman’s, there’s Organizations: CNN, , Oxford University, Oxford Locations: , Australian, British, wardrobes
A strong advertising market may be starting to feel the pressure from geopolitical risks erupting aboard and a higher-for-longer interest rate environment. But comments from some major technology players last week led to increasing questions that some investors have struggled to shake off. META 5D mountain Meta shares in recent trading sessions That concern added to declines in other ad-focused technology names, with Alphabet dropping nearly 10%. Instead, Tengler favors companies such as Amazon and Microsoft , which offer some, but less concentrated, exposure to advertising. Technology investor Paul Meeks is also shying away from the most popular advertising players — and big technology as a whole — until he sees a better setup for interest rates.
Persons: Susan Li, Gene Munster, Laffer, Nancy Tengler, Paul Meeks, Meeks, Roth, Rohit Kulkarni, Kulkarni, Michael Bloom Organizations: Apple, Meta, YouTube, Federal, Investments, Microsoft, Technology Locations: Israel, Munster, Ukraine
LOS ANGELES (AP) — Bob Odenkirk has known he wanted to immortalize the playful poems he created with his kids since they were first scribbled down years ago. But you know, that was a hard time for everyone in the country,” Odenkirk recalled of the coronavirus pandemic. I mean, think of any business partner or any project partner you’ve ever had,” the “ Better Call Saul ” star said. Odenkirk said this was in keeping with his philosophy as a parent when he was raising young children. But it is a tricky business and hard to make a living in,” he said.
Persons: Bob Odenkirk, , Erin, , ” Odenkirk, ‘ Let’s, Odenkirk, I’d, ” Erin, you’ve, Saul ”, “ You’re, “ I’m, , Saul ” — Odenkirk, Tim, Eric Awesome, we’ll Organizations: ANGELES, Pratt Institute, Writers Guild of America, WGA, Alliance, Television Producers Locations: Los Angeles and New York, Los Angeles, Brooklyn, Hollywood
Citigroup says buy the dip in tech stocks
  + stars: | 2023-10-06 | by ( Brian Evans | ) www.cnbc.com   time to read: +1 min
Citi isn't shying away from tech stocks. "Last quarter, we took profits on our US and Global Tech Overweights, but suggested buying dips," Citi strategists wrote in a Friday note. "We have now seen a meaningful pullback and thus upgrade global Tech once again." Tech stocks have been under pressure recently as Treasury yields rise to multiyear highs, making growth-oriented tech names less attractive. The S & P 500 tech sector is also down more than 5% in the past month.
Persons: CNBC's Michael Bloom Organizations: Citi, Global Tech, Tech, Nasdaq Locations: Europe, Japan, Australia, United Kingdom
It needs to translate into changes in economic outcomes," Bostic said in comments to reporters alongside the release of a new policy essay. Part of that adaptation is how the Fed's short-term benchmark is translated ultimately into mortgage rates, corporate bonds yields, and other securities that influence economic activity. In separate comments, Cleveland Fed President Loretta Mester said she similarly is watching how the rise in bond yields will play out, even though she feels the Fed's policy rate still needs to rise. It may well be that the Fed's hawkish rate posture is no longer the primary impetus for the rise in yields. Reporting by Howard Schneider and Dan Burns; Editing by Andrea RicciOur Standards: The Thomson Reuters Trust Principles.
Persons: Federal Reserve Bank of Atlanta Raphael, Bostic, Clodagh, Raphael Bostic, Loretta Mester, Mester, Torsten Slok, Slok, Howard Schneider, Dan Burns, Andrea Ricci Organizations: Federal Reserve Bank of Atlanta, REUTERS, Rights, Federal Reserve, Treasury, Atlanta Federal Reserve, U.S, Cleveland Fed, Apollo Global Management, Reuters, Fitch, Treasury Department, Bank of, Thomson Locations: Dublin, Ireland, Atlanta, China, York
"America's Collection: The Art and Architecture of the Diplomatic Reception Rooms at the US Department of State." Durston Saylor/Courtesy Rizzoli The Thomas Jefferson State Reception Room. Durston Saylor/Courtesy Rizzoli The James Monroe State Reception Room, which was designed by Walter M. Macomber. Durston Saylor/Courtesy Rizzoli The James Monroe State Reception Room. Durston Saylor/Courtesy Rizzoli The design of diplomacy: See inside the lavish reception rooms at the US State Department Prev NextRooms that take you back in time“America’s Collection” gives those without diplomatic credentials a chance to experience that moment.
Persons: Harry S, John Kerry, Obama, Kerry, Truman, Oz, Durston Saylor, Benjamin Franklin, John Blatteau, Thomas Jefferson, James Monroe, Walter M, John Quincy Adams, Childe Hassam, Edmund C, Martin Van Buren, Henry Clay, George Washington, , Francis Scott Key, Paul Revere, John Adams, Clement Conger, Edward Vason Jones, Benjamin West's, John Jay, Henry Laurens, William Temple Franklin, Bruce M, Jones, King George III, Mark Alan Hewitt, Adams, Louisa Catherine, Martha Washington, Alexandra Kirtley, ” Kirtley, Kirtley, , Betsy Kornhauser, Kornhauser, , Joshua Shaw, Thomas Cole, Cole, Virginia Hart, ” —, Walter Thurston Gentlemen's, we’re, ” Hart Organizations: DC CNN, US, Truman, US Department of State, State Department, Benjamin, Thomas, James, James Madison, Henry, American, Department, Powel, York’s Metropolitan Museum of Art, Winterthur Museum, Library, Philadelphia Museum of Art, CNN, Metropolitan Museum of Art, River School, , , Department of State, Rizzoli Electa Locations: Washington, United States, Virginia, Mount Vernon, Paris, Great Britain, Philadelphia, British, Delaware, China, American, Europe
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