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☆ Real estate values in Texas and Florida are being hit by violent weather as insurance costs spike
▼ + stars: | 2024-08-03 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The rise in violent weather events over the past few years are driving a decline in real estate values in Texas, Florida, and Louisiana, according to a recent note from Capital Economics. Related storiesAccording to data from MSCI, insurance costs in Florida have more than doubled from less than 2% of income receivable in 2017 to 4.5% at the end of 2023. And those higher costs have ultimately helped drag down property values in impacted regions, especially in the multifamily sector. Capital EconomicsBut there has been a sign of hope in that the rate of growth in insurance costs appears to have peaked, according to Pattison. But she says the ongoing trend of violent weather could still exacerbate the issue in the future, further driving real estate values down in the most impacted regions.

Persons: Imogen Pattison, Beryl —, Karen Clark, they're, Pattison, CBRE Organizations: Service, Capital Economics, Business Locations: Texas , Florida, Louisiana, MSCI, Florida, multifamily, Florida , Texas

☆ Forget Uber and Airbnb: Some people are going back to doing things the old-fashioned way to save money
▼ + stars: | 2024-08-03 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +9 min

"If I was using rideshares and the delivery apps and everything the way I was, I would run out of money each month," she said. For some, like Manley, it means going back to the old-fashioned way of doing certain things: shopping around for hotel deals, taking public transit more, and working out at home with fitness classes on video. AdvertisementGrant Plotkin, 26, is a Gen Zer who experienced the pre-2020 millennial subsidy as a young adult. The next iteration of the millennial subsidy might be gamifying surge pricing for groceries or a side of fries. AdvertisementHas the loss of the millennial subsidy affected your finances or lifestyle?

Persons: Sarah Manley, Manley, She's, they'd, Millennials, YipitData, Grant Plotkin, Zer, he's, Plotkin, Ubers, Brett House, that's, Bilal Baydoun, Baydoun Organizations: Service, Business, Bloomberg, Netflix, Columbia Business School, Dollar, Aldi, Big Tech, American Locations: Baltimore, it's

☆ A bride knew her sheer, jewel-encrusted wedding dress was the one immediately after seeing a photo of it online
▼ + stars: | 2024-08-03 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +1 min

Alyssa knew her bejeweled Berta dress was the one for her when she saw a photo of it online. Go to newsletter preferences Thanks for signing up! AdvertisementThe $70 billion wedding industry involves so much: venues, entertainment, and planners who make couples' dream days come together. The symbolic nature of the bridal gown has come to encapsulate the experience of finding a wedding dress, too. Brides often describe a rightness when they put on their perfect wedding dress, saying they can easily picture themselves walking down the aisle in the gown.

Persons: Alyssa, Jacob Farah, Berta, — Organizations: Service, Business Locations: Sydney

☆ USWNT advances to Olympic soccer semifinals after dramatic extra time victory over Japan
▼ + stars: | 2024-08-03 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

CNN —The US women’s team booked its spot in the semifinals of the women’s soccer competition with a hard-fought 1-0 victory against Japan on Saturday. It was an attritional game for the US, which struggled to break down a resolute Japan side despite having the majority of possession. But coach Emma Hayes’ side — the top scorers in the group stage — maintained its 100% winning record at the Paris Games with the victory. “I really like this Japan team. As it aims to banish its recent demons, the US will face a stiff test whoever it faces in the semifinals.

Persons: Emma Hayes ’, —, ” Hayes, “, Paul Childs, Sophia Smith, Rodman, Marc Atkins, ” Rodman, Megan Rapinoe, Trinity Rodman, ”, CNN’s Coy Organizations: CNN, US, Japan, Trinity, Paris Games, London, Olympics Locations: Japan, Canada, Germany, Marseille, Sweden, Tokyo, Paris

☆ Video captures stunned police reaction after Baltimore bridge collapse: ‘One hell of a cleanup’
▼ + stars: | 2024-08-02 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Patrick-Smith-Circle-Byline-Template.Jpg | Patrick Smith | ) www.nbcnews.com time to read: +3 min

The video, released by the Baltimore Police Department this week to NBC affiliate WBAL of Baltimore, shows the officers' stunned reactions after the enormous structure was taken down. The officer arrives at 1:48 a.m. and asks an officer already at the scene: "Is that the Key Bridge collapsed?" "Yeah it's the whole bridge, a ship lost its steering and the whole bridge is down in the river," he responds. The original officer, struggling to take in the size of the disaster then says: "I mean, that's the Key Bridge ... "That's a long fall," one officer says of the missing construction workers.

Persons: Baltimore's Francis Scott Key, Dali, Francis Scott Key, Al Drago, Julio Cervantes Suarez, ”, Brian Wolfe, WBAL Organizations: Baltimore Police Department, NBC, Francis Scott Key Bridge, Bloomberg, Getty, NBC News, Maryland Transport Authority Locations: —, Baltimore, Maryland

☆ Surging US unemployment has triggered a recession indicator with a perfect track record
▼ + stars: | 2024-08-02 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Read previewA closely watched recession indicator flashed on Friday after a weak July jobs report showed an unexpected surge in the unemployment rate. The Sahm Rule, created by former Federal Reserve official Claudia Sahm, triggers when the unemployment rate's three-month moving average moves 50 basis points above its 12-month low. That rule was triggered on Friday, with the moving average rising 53 basis points above that one-year trough, according to the real-time Sahm Rule Recession Indicator from the St. Louis Federal Reserve. The only misfire for the rule was in 1959, but even then, a recession started just five months after the Sahm Rule flashed. But Sahm herself wrote in a Substack post last week that "the rise in the unemployment rate is not as ominous as it would normally seem."

Persons: —, Claudia Sahm, Bill Adams, Sahm, hasn't Organizations: Service, Federal Reserve, Business, Louis Federal Reserve, Bank of America, Comerica Bank, Fed

☆ What to watch this weekend at the Paris Olympics
▼ + stars: | 2024-08-02 | by ( Kyle Feldscher | ) edition.cnn.com time to read: +10 min

Paris CNN —The first week of the 2024 Summer Olympics is very nearly in the books and business is about to pick up. Richardson comes into Paris looking to prove she is the fastest woman in the world. Track and field heats upAn overview shows athletes competing in the women's 5000m heat of the athletics event at the Paris 2024 Olympic Games at Stade de France in Saint-Denis, north of Paris, on August 2, 2024. Antonin Thuillier/AFP/Getty ImagesThe star of the second week of the Summer Olympics, track and field competition takes the stage this weekend. Mixed 4x100m medley relay, featuring the American team of Regan Smith, Charlie Swanson, Dressel and Abbey Weitzeil.

Persons: Paris CNN —, Simone Biles, Biles, she’s, She’s, ‘ I’m Simone Biles, ”, Noah Lyles, Sha’carri Richardson, Richardson, Jamacia’s Kishane Thompson, Thompson’s countryman, Usain Bolt, Lyles, Sha'Carri Richardson, Australia's Bree Masters, Canada's Jacqueline Madogo, Denis, Jewel Samad, Xander Schauffele, Japan’s Hideki Matsuyama, Jon Rahm, Great, Tommy Fleetwood, Rory McIlroy, Scottie Scheffler, Schauffele, hasn’t, Sophia Smith, Pascal Guyot, Trinity Rodman, Rose Lavelle, Alyssa Naeher, LeBron James, –, it’s Jose Alvarado, James, Pierre, Sameer Al Doumy, Antonin Thuillier, Katie Ledecky, Bradley Kanaris, Caeleb Dressel, Kate Douglass, Alex Walsh, Summer McIntosh, Paige Madden, Ariarne Titmus, Regan Smith, Charlie Swanson, Dressel, Gretchen Walsh, Sarah Sjoestroem, Bobby Finke Organizations: Paris CNN, Olympic Games, Tokyo Olympics, Stade de France, Games, Paris, Getty, Le National, PGA, British, Women’s National, Japan, women’s, Marseille, US, Serbia, Puerto Ricans, USA, Belgian, FIBA’s, Summer, Paris La Defense Locations: Paris, France, American, Spring , Texas, Lyles, Saint, AFP, Tokyo, Australia, USA, Marseille, New Zealand, Japan, Sudan, Puerto Rico, Puerto, South Sudan, Mauroy, Villeneuve, d'Ascq, Belgium, Germany, Barcelona, Nanterre, Swedish

Simone Biles competes in the balance beam event of the artistic gymnastics women's all around final on August 1. Loic Venance/AFP/Getty ImagesThe competition was fierce and the Olympic medal race stayed tight, but as is so often the case, Thursday’s stories from the 2024 Summer Games can’t be told with statistics alone. Biles held off a spirited challenge from brilliant Brazilian Rebeca Andrade, who once again won silver, and Biles’ teammate Suni Lee took the bronze. She later celebrated her silver medal with them by running a lap of the entire arena floor carrying the country’s flag. Canadian 17-year-old superstar Summer McIntosh also won her second gold medal of the Games.

Persons: Simone Biles, Loic Venance, can’t, Biles, Rebeca Andrade, Suni Lee, Andrade, Katie Ledecky, Ledecky, Summer McIntosh, Andy, that’s, Andy Murray’s, he’s, Murray, Dan Evans ’, Taylor Fritz, Tommy Paul, “, ”, Sabrina Ionescu, Breanna Stewart, Belgium's Antonia Delaere, Sameer Al Organizations: Getty, Tokyo, Team USA, Games, Team Great Britain Locations: AFP, Paris, American

☆ After getting laid off back-to-back, I now depend on my mom to pay rent
▼ + stars: | 2024-08-02 | by ( Tonja Renée Stidhum | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. I switched careers 3 years agoAbout three years ago I changed careers, and that came with an incredible pay raise. I was laid off after a year but found a new jobI learned a lot about money the hard way. But, I was laid off from that first tech job after about a year. I was laid off againThe next layoff took about six months, and the severance wasn't nearly as cushy.

Persons: —, crouch, hadn't, Dom Perignon, I'm, I'd, wasn't Organizations: Service, Business Locations: Los Angeles, Chicago

Officials quickly moved to tailor the Chicago convention to Harris with only four weeks, in part drawing from the 2008 convention when Barack Obama accepted the nomination given the historic candidacy of Harris herself. Nominee acceptance speeches for the convention, which begins the week of August 19, are currently scheduled for that Wednesday and Thursday night, according to convention officials. Hollywood gets on boardThe Hollywood community is clamoring to support Harris at the DNC, according to numerous agents, publicists and Democratic strategists who spoke to CNN. No performers have been set yet, though various representatives for musicians have been in talks with the Harris campaign, according to two sources. For instance, besides Megan Thee Stallion’s performance at her Atlanta rally earlier this week, Harris had the support of the rapper Quavo, who spoke about gun violence prevention.

Persons: Joe Biden, Kamala Harris, Harris, Barack Obama, “, Biden, “ I’m, ”, there’s, She’s, Megan Thee, Donald Trump, Matt Hill, Donald Trump’s, Biden —, —, Biden’s, Bill Clinton, Clinton, Al, Quavo, Kid, Hulk Hogan, Hillary, Hillary Clinton, they’re Organizations: CNN, Democratic National Convention, Trump, Democratic Party, Democratic, ” Democratic National, Hollywood, Atlanta, Black, DNC, Republicans Locations: Chicago, Atlanta, who’s, America, Al Gore

☆ Mortgage rates plunge to the lowest level in over a year after weak employment report
▼ + stars: | 2024-08-02 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

The average rate on the popular 30-year fixed mortgage dropped 22 basis points to 6.4% Friday, according to Mortgage News Daily. The 15-year fixed rate fell to 5.89%, its lowest level since early May 2023. Mortgage rates loosely follow the yield on the 10-year U.S. Treasury. The 30-year fixed rate started the week at 6.81%, so the drop in just the past five days is dramatic. Buyers were battling not just high interest rates but high home prices and a lack of supply.

Persons: Jerome, Powell didn't, Matthew Graham, Graham, Mike Fratantoni Organizations: Mortgage News, Treasury, Federal, Buyers, Mortgage, Association, Mortgage Bankers Association

☆ Iga Świątek: World No. 1 upset in Olympics women’s singles tennis tournament
▼ + stars: | 2024-08-01 | by ( Jill Martin | Kyle Feldscher | ) edition.cnn.com time to read: +3 min

1 and top seed in the Olympic tennis tournament, lost in the semifinals Thursday to China’s Zheng Qinwen, a massive upset in the women’s singles. Świątek, who is the dominant force on clay in women’s tennis, entered the Paris Olympics as the overwhelming favorite to win gold. “I know that in a regular women’s match, my stamina might have run out after such extended play. Świątek had cruised through the tournament to this point, dropping one set in her previous four matches. 7 took the first set from Świątek, who rallied after that to eventually ease past the then-newcomer to the WTA Tour.

Persons: Paris CNN — Iga Świątek, China’s Zheng Qinwen, Świątek, Roland Garros, “ It’s, ” Zheng, “, Andy Wong, Zheng, It’s Świątek’s, Donna Vekić, Anna Karolína Schmiedlová, Danielle Collins, Angelique Kerber’s Organizations: Paris CNN, Olympic, Paris Olympics, Świątek, WTA Locations: Croatia, Vekić, tiebreakers

Learn moreThe LG G4 is one of the most stunning premium displays I've tested. Judged against other 2024 models, the LG G4 is easily one of the best TVs you can buy for top-notch image quality. But the G4 is technically the best OLED TV LG has ever made. LG 65-inch G4 OLED 4K TV The G4 is one of the most impressive OLED TVs we've tested, but its benefits over last year's more affordable G3 are subtle. Steven Cohen/Business InsiderThe LG G4 delivers high-end image quality that's a clear step above cheaper TVs.

Persons: It's, HLG, Steven Cohen, I'm, you'll, steadying, it's, webOS Organizations: Business, LG, Amazon, Walmart, Dolby, HLG Smart, Sony, Samsung, Google, Disney, Luna

☆ Millennial Internet Is Dead; RIP Neopets, Club Penguin, and Webkinz
▼ + stars: | 2024-08-01 | by ( Aimee Pearcy | ) www.businessinsider.com time to read: +13 min

At Club Penguin, I adopted colorful pets called puffles and purchased kitsch furniture for my virtual igloo. "I was big on Club Penguin, Wizard101, Moshi Monsters, and this obscure one called Ourworld," he told me. Club Penguin, which ran from 2005 to 2017, stands out as one of the era's most beloved virtual worlds. "That same generation logged into Club Penguin to play with friends." In 2017 it shut down Club Penguin and replaced it with a mobile version, Club Penguin Island.

Persons: millennials, Gen Zers, Dylan Maleno, Lance Priebe, I'd, Jake Hahn, they're, Sara Grimes, weren't, Flappy Bird, Disney, Toontown, they've, MMOs, Roblox, Ashley Hernandez, " Hernandez, Neopets, Dominic Law, Aimee Pearcy Organizations: Penguin, Disney, University of Toronto's, of Information, Fortnite, Facebook, The New York Times Locations: Pennsylvania, Wizard101, Moshi, Illinois, Fortnite, New York City

☆ 'Creativity and passion is something you can't teach': How to translate fandom skills to a full-time job
▼ + stars: | 2024-08-01 | by ( Jade Thomas | ) www.cnbc.com time to read: +6 min

Her fan content creation was just a hobby, until one Marvel TikTok edit landed her a job. "I was too scared to pursue film school or leave my job to try and get into editing," Graham tells CNBC Make It. Graham has secured other editing roles since then, but she's not the only person who's pivoted her fan-driven hobby into full-time work. Here are three pieces of advice for folks looking to transform their fan skills into professional assets. Highlight resultsDavonna Gilpin, 32, never thought the work she did as a fan could ever translate to a job.

Persons: Alexa Graham, Graham, Kendrick Lamar's, I'd, she's, Emily Levine, Levine, Cailey Merulla, Merulla, you've, Davonna Gilpin, Gilpin, . Gilpin, it's Organizations: Marvel, Westcliff University, Rockstars, YouTube, CNBC, Group, EnVi Media, B2B Ad Agency, Amazon Locations: Irvine , California, New York, Los Angeles, nannying

☆ Violence erupts as Nigerians protest hunger across the nation
▼ + stars: | 2024-08-01 | by ( Nimi Princewill | Stephanie Busari | ) edition.cnn.com time to read: +6 min

The state’s police spokesman Wasiu Abiodun told CNN in a statement that operatives arrested 11 armed “hoodlums” who set fire to a government building after looting it. Activist and lawyer Deji Adeyanju told CNN Thursday that there were counter-demonstrations by pro-government protesters who arrived in buses accompanied by a security vehicle. “In the northern part of Nigeria, the largest part of our country … the primary cause of hunger is insecurity. He added that Nigerians were also pained watching their leaders live in luxury while they struggled to make ends meet. Analysts told CNN at the time it was “hypocrisy” for the government to spend on luxuries while impoverished citizens suffer hardship.

Persons: Bosun Tijani, Wasiu Abiodun, hoodlums ”, Abiodun, Benson Ibeabuchi, Deji Adeyanju, Josephine Adeh, ”, …, We’ll, ” Dele, “ unifies, Bola Tinubu, Tinubu, Mohammed Idris, “, ” Farotimi, Sulaimon Organizations: CNN, Innovation, Communications, Bloomberg, Getty, Kaduna Police Command, Nigeria ’, Channels Television, ”, “, Nigeria’s Locations: Nigeria, Africa, Kenya, Uganda, Ghana, Kano, Abuja, Niger, Ikeja, Lagos, Kaduna, AFP

☆ Simone Biles’ brilliant comeback and other takeaways from the individual all-around gymnastics final
▼ + stars: | 2024-08-01 | by ( Kyle Feldscher | ) edition.cnn.com time to read: +7 min

Paris CNN —Simone Biles is once again the Olympic gold medalist in individual all-around gymnastics after winning one of the most dramatic finals of these Paris Olympics. Biles held off a spirited challenge from brilliant Brazilian Rebeca Andrade, who once again won silver and Biles’ teammate Suni Lee took the bronze. Her artistry and rhythm were infectious and, until her final floor exercise penalty, she turned in an incredibly solid, well-rounded performance. At the World Championships last year, Andrade took gold in the vault, while Biles took silver. The winners of the last three individual all-around gymnastics gold medals took in the moment to soak in the cheers.

Persons: Paris CNN — Simone Biles, Biles, Rebeca Andrade, Suni Lee, Andrade, “ That’s, ” Biles, Simone Biles, it’s, “, I’ve, ” Andrade, Biles Rebeca Andrade, Naomi Baker, Lee, Charlie Riedel, savor, ” Lee, Alice D’Amato Organizations: Paris CNN, Reuters, American Locations: Thursday’s, Tokyo, Houston, United States, American, Paris, Algeria

☆ I’ve been to 100 countries. I didn't expect to want to return to these 5
▼ + stars: | 2024-07-31 | by ( Todd Miller | Marylou Costa | ) www.cnbc.com time to read: +5 min

Here are the spots I thought would be "one and done" but that are on my list of return trips. A village in Rwanda, a country with a population of nearly 14 million people. Aerial view of Sveti Stefan, a fortified island village with 15th century stone buildings on the Adriatic coast of Montenegro. I am eager to return to the White Continent again to experience the planet's coldest, windiest, driest, and perhaps most serene place. VanuatuVanuatu is one of the least visited countries in the world, not because it isn't welcoming or rewarding, but because of its remoteness.

Persons: I'm, Edwin Remsberg, Wadi Al Disah, Todd Miller, Todd Miller Wadi, Disah, it's, Sveti, Feng Wei, Andrew Peacock, George Island, doesn't, Yasur Organizations: Bank, Getty, Rwanda, Saudi, UNESCO, Vanuatu Vanuatu, Air Vanuatu Locations: Turkey, Nepal, South Africa, Indonesia, Rwanda, Burundi, Lake Kivu, Africa's, Saudi Arabia, Kingdom, Saudi, Wadi Al, Jordan's Wadi, Petra, Saudia Arabia, Montenegro, Croatia, wallow, Kotor, Sveti Stefan, Stari, Serbian, Albania, Antarctica, George, Vanuatu

☆ These income plays could do better than money market funds when the Fed cuts rates
▼ + stars: | 2024-07-31 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

Cash has poured into money market funds since the Federal Reserve began its rate hiking cycle. Short-term debt has been a popular investment over the past few years, and money market funds are a top example. For perspective, there was roughly $4 trillion in total money market funds as of the fourth quarter of 2019, according to the St. Louis Fed . Money market funds hold very short-term debt, and many currently offer a yield above 5%. "Historically, you don't tend to see money market inflows stop or convert to outflows until you get below say 3% on those rates.

Persons: Cash, Louis Fed, Sam Huszczo, Huszczo, Todd Sohn, Ken Brodkowitz, weren't, Brodkowitz, Strategas, Sohn, " Sohn, Callie Cox, Cox Organizations: Federal Reserve, Investment Company Institute, SGH Wealth Management, Federal, Bond, SEC, Gries Financial Partners, Fidelity, Income, Morningstar, US Treasury, Ritholtz Wealth Management, Ritholtz Locations: Detroit , Michigan, BlackRock

☆ Megan Thee Stallion and Kamala Harris: The power pantsuit two ways
▼ + stars: | 2024-07-31 | by ( Leah Dolan | ) edition.cnn.com time to read: +4 min

CNN —Two suits, two women, one message: “Hotties for Harris.” At least that was the phrase scrawled across banners at Kamala Harris’ campaign rally in Atlanta Tuesday night. Minutes later, Harris walked onto her podium to rapturous applause — also in a blue pantsuit. From being endorsed by Charli XCX and co-opting the album of the summer, “Brat,” to capitalizing on the 32.3 million-strong fandom of Megan Thee Stallion, her advisors have been honing in on the 18-27 demographic. Kamala Harris' icy blue suit seemed twinned in a way with Megan's cropped version. It’s hard to picture Clinton signing off on a decision to have Megan Thee Stallion “shake cheeks,” as one fan on Instagram wrote, in a cropped suit at a rally.

Persons: Hotties, Harris, ”, Kamala Harris ’, —, Megan Thee Stallion, Abdul Sall, Donald Trump, Megan Thee Stallion's, Julia Beverly, Charli XCX, Vanessa Friedman, ” —, Megan, Kamala Harris, John Bazemore, Megan isn’t, Harris won’t, Hillary Clinton’s, Bon Jovi, Lady Gaga, Clinton, Megan Thee, Instagram, Gen Organizations: CNN, Democratic, Getty, New York Times, Democratic National Convention Locations: Atlanta, Cleveland , Ohio

☆ José Torres Gil makes BMX history for Argentina during ‘best final ever’ at Paris Olympics
▼ + stars: | 2024-07-31 | by ( George Ramsay | ) edition.cnn.com time to read: +5 min

Place de la Concorde, Paris CNN —Triumph and tragedy are everywhere you look at the Olympics, and the men’s BMX park final on Wednesday had a surfeit of both. Martin crashed on both of his runs, his title defense wilting in the Paris heat, while Jeanjean recovered superbly on his second run to take a hard-earned bronze medal. As for the triumph, take José Torres Gil, the Argentinian rider who won his country’s first individual gold medal in a cycling discipline with a stunning initial score of 94.82. Great Britain’s Keiran Reilly took silver after packing trick after trick into his second run, hauling himself above Jeanjean with the final act of the competition. “It’s not easy at all when you’ve been training day-in, day-out for a year and you fall on the first trick, the first run,” Jeanjean said.

Persons: – Australia’s, Logan Martin, France’s, Anthony Jeanjean –, Martin, Jeanjean, José Torres Gil, “, ”, Torres Gil, Britain’s Keiran Reilly, Anthony Jeanjean, Markus Gilliar, Torres, –, that’s, Kieran Reilly, Alex Broadway, you’ve, ” Jeanjean, ” Torres, Reilly, Marcus Christopher, Justin Dowell Organizations: Concorde, Paris CNN —, Olympics, Urban Sports, Tokyo Olympics, Frenchman, Games, Getty, Pan American Locations: Paris, sprawled, Europe, Tokyo, American

☆ Why orange juice is so expensive
▼ + stars: | 2024-07-31 | by ( Andrea Miller | In Dreajmiller | ) www.cnbc.com time to read: +3 min

U.S. orange production has plummeted as the industry faces volatile threats from extreme weather events, an incurable disease and economic pressures. At the same time, orange juice futures have hit record highs. Florida has seen a dramatic orange production decline in recent years. Invaio is one of the companies researching and developing treatments for citrus greening. The volatility of these threats may cut into citrus harvest expectations, which leads experts to believe that higher prices for orange juice are likely to remain, at least in the short term.

Persons: Daniel Munch, Amy O'Shea, We've, O'Shea, Invaio's Trecise Organizations: United States Department of Agriculture, American Farm Bureau Federation, CNBC, Invaio Sciences, Florida Department of Agriculture, Community Services Locations: United States, Florida, Invaio

☆ Russia launches one of war’s biggest drone attacks on Ukraine
▼ + stars: | 2024-07-31 | by ( Lauren Kent | Svitlana Vlasova | ) edition.cnn.com time to read: +4 min

Kyiv, Ukraine CNN —Russia has launched one of the largest drone attacks on Ukraine since the war began, mainly targeting overnight the region in and around the capital Kyiv, according to the Ukrainian military, which said all 89 drones fired were shot down. Dramatic video released by the Ukrainian Air Force shows one drone on fire, falling from the sky and landing in a field — causing a large cloud of smoke but no visible damage. “Just like then, today the Ukrainian air defense has withstood and repelled a massive attack by enemy drones,” he said. Since then, Ukraine has repeatedly pleaded for allies to provide more air defense systems. We need sufficiently courageous decisions from our partners — enough air defense systems, enough range,” Zelensky added.

Persons: Ruslan Kravchenko, Mykola Oleshchuk, ”, Volodymyr Zelensky, “, Zelensky, ” CNN’s Michael Conte Organizations: Ukraine CNN —, Ukrainian Air Force, Mobile, Ukrainian Defence Forces, Air Force, Army Aviation, Land Forces, Russian, Biden, Ukraine’s Armed Forces Locations: Kyiv, Ukraine, Ukraine CNN — Russia, Russia, Mykolaiv, Kherson, Donetsk, Toretsk, Russian, Kursk, Russia’s Kursk, Ukrainian

☆ Middle East on knife-edge after killing of Hamas leader in Iran; Israel's opponents vow retaliation
▼ + stars: | 2024-07-31 | by ( Natasha Turak | ) www.cnbc.com time to read: +5 min

Hamas Political Bureau Chairman Ismail Haniyeh attending an exclusive interview with Anadolu in Istanbul, Turkiye on April 20, 2024. Anadolu | Anadolu | Getty ImagesThe Middle East is on edge after a dramatic escalation that saw top Hamas leader Ismail Haniyeh killed in a strike in the Iranian capital of Tehran early Wednesday. Coming hours after the killing of Fuad Shukr in Beirut, the Middle East is on an absolute knife-edge now." Iran's leadership meanwhile has said that the alleged Israeli strike is grounds for "severe punishment" and that the country must "pay a heavy price." An all-out war between Israel and Iran — and Iran's proxies such as Hezbollah — would be devastating to all sides involved.

Persons: Ismail Haniyeh, Israel, Charles Lister, Fuad Shukr, Hezbollah's, Haniyeh, Hamas, Torbjorn, Sheikh Mohammed bin Abdulrahman Al Thani, Yahya Sinwar, Sinwar, Victor Tricaud, Tricaud, Antony Blinken, Will, Yoav Gallant, Iran's, Atta Kenare Organizations: Anadolu, Getty, Middle East Institute, Hezbollah, politburo, Verisk, Qatari, Foreign, CNBC, U.S . State Department, Israel, Israeli, Israel Defense Forces, AFP Locations: Istanbul, Turkiye, Tehran, Israel, Washington, Doha, Beirut, Golan, Iranian, Lebanese, Gaza, Iran, Qatar, Singapore, Palestine Square

☆ Canada reach Olympic women’s soccer quarterfinals despite spying scandal points deduction
▼ + stars: | 2024-07-31 | by ( Nnamdi Onyeagwara | ) www.nytimes.com time to read: +2 min

Canada have qualified for the quarterfinals of the Olympic women’s soccer competition — despite the defending champions being deducted six points for spying on opponents earlier in the group stage. Canada were deducted six points by FIFA for flying a drone over opponents New Zealand’s training sessions ahead of the Games, and a wider spying scandal subsequently emerged. The points deduction was handed down ahead of the second group fixture against France, leaving Canada on minus three points in Group A and on the cusp of elimination. Canada arrived at the 2024 Games as the defending champions after winning a surprise gold in Tokyo. GO DEEPER Canada Olympic spying scandal: The unanswered questions and possible punishments(Marc Atkins/Getty Images)

Persons: Lyon, Vanessa Gilles, Jessie Fleming’s, Andy Spence’s, Bev Priestman, Joseph Lombardi —, Jasmine Mander, Priestman, Spence, Gilles, Marc Atkins Organizations: Olympic, Colombia, Marseille, Canada, FIFA, New, Sport, New Zealand, France Locations: Canada, Nice, Germany, Tokyo, Japan, Sweden

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