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☆ The first Fed interest rate cut in years is on the horizon. Here's what homeowners, buyers need to know
▼ + stars: | 2024-07-29 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +5 min

Valentinrussanov | E+ | Getty ImagesThe Federal Reserve is poised to make the first interest rate cut in years this fall, which can influence mortgage rates to go down. To that point, people in the market to buy a home have been eagerly waiting for the Fed to cut rates. The Fed is meeting this week, but experts say it seems more likely that the first rate cut will come in September. That would be the first rate cut since 2020 in the onset of the Covid-19 pandemic. While mortgage rates are fixed and mostly tied to Treasury yields and the economy, they are partly influenced by the Fed's policy.

Persons: Chen Zhao, Freddie Mac, Refinance, it's, Zhao, Selma Hepp, Hepp, Jacob Channel, there's Organizations: Fed, Treasury, Mortgage, Association, Finance Locations: Redfin

☆ 2 ways to deal with annoying emails and messages at work, according to psychology and etiquette experts
▼ + stars: | 2024-07-29 | by ( Jade Thomas | ) www.cnbc.com time to read: +2 min

If your day has ever been clouded by a coworker being annoying over email or Slack, you're not alone. In fact, 44% of employees participating in a recent Kickresume survey said that written communication, which includes messages or emails, is a common site of workplace annoyance. These small annoyances are related to the concept of incivility, which Bowling describes as "low-level aggression" that manifests as rudeness. I think if you think about what is most kind or considerate and respectful to your colleagues, then that's what you should do." Here are two ways to deal with annoying emails and messages, according to Bowling and Meier.

Persons: micromanaging, Nathan Bowling, Myka Meier, Meier Organizations: University of Central Locations: University of Central Florida, New York City

☆ Simone Biles' husband, Jonathan Owens, is missing training camp to watch his wife at the Olympics. Here's a timeline of their 4-year relationship.
▼ + stars: | 2024-07-29 | by ( Gabbi Shaw | ) www.businessinsider.com time to read: +14 min

AdvertisementA post shared by Simone Biles (@simonebiles)Two days later, Biles posted about watching Owens play with the Texans before the couple celebrated the new year together. March 2023: Biles and Owens reveal that they're building a house together"cheers to breaking ground," Biles wrote. AdvertisementNovember 2023: Biles attends a Packers game in Green BayBiles has attended multiple football games to support her husband. December 2023: Biles and Owens appear on 'The Pivot,' and Owens is later criticized for some of his commentsOwens and Biles attended a basketball game together. Biles posted an Instagram of the two captioned "mood," while Owens posted, "Unbothered.

Persons: —, Simone Biles, Jonathan Owens, Owens, Biles, Instagram, Craig Barritt, he'd, Jonathan Owens 🏈, Jo, ike, ," he, ove, abou, ove on I, alon, Bil, Owen, Simo, "I, ivo, thing was, my f, 'Wh, ari, Matt Eber f Organizations: Service, Raya, Business, SK, Texas, Wall Street, uts, ard, isl, SA Locations: Paris, City of, Instagram, Tokyo, Raya, Houston, Texas, Adria, ife

☆ Sotheby’s expands Hong Kong footprint with cavernous new exhibition and retail space
▼ + stars: | 2024-07-29 | by ( Oscar Holland | ) edition.cnn.com time to read: +5 min

CNN —A fossilized mammoth skull, centuries-old ceramics and Banksy’s famous self-shredding painting are among hundreds of high-value collectibles on show at Sotheby’s ambitious new retail outpost in Hong Kong. With younger collectors seemingly in mind, items on the first floor range in price from 5,000 to 50 million Hong Kong dollars ($640 to $6.4 million). The venture is the latest signal that major auction houses still consider Hong Kong to be their long-term hub in Asia. In June, Hermès also unveiled its expanded retail space in the neighborhood. It has simultaneously sought to grow its footprint in Hong Kong — not only with its newly unveiled Maison, but also a nearby 36,000-square-foot regional headquarters, due to open later this year.

Persons: Maison, Hong Kong, Art Basel’s, Isaac Lawrence, Louis Vuitton, Hermès, Sotheby’s, Patrick Drahi, Hong Kong —, Christie’s, Zaha Hadid’s, Phillips, Bonhams, Nathan Drahi Organizations: CNN, Hong Kong, UBS, Art, Art Basel, Getty, PricewaterhouseCoopers, Louis, Sotheby’s Locations: Hong Kong, Central, Asia, China, Hong, Hong Kong's Central, AFP, London, Singapore, Shanghai, Sotheby’s, Sotheby’s Asia, Paris, New York

☆ What to expect in the 100 days until Election Day – and beyond
▼ + stars: | 2024-07-28 | by ( Annette Choi | Zachary B. Wolf | ) edition.cnn.com time to read: +6 min

So we don’t know what specifically will happen in the next 100 days until Election Day on November 5, or what could come after, when the country’s unique Electoral College process gets going. December: Electoral votes are castAfter questions about the election are settled, states confirm, or ascertain, their statewide results. Electors gather in their respective state capitols to cast electoral votes for their statewide winner. Nebraska and Maine also allocate some electoral votes by congressional district, and these could be pivotal in a close race. In any event, lawmakers gather on January 6, as everyone should remember from 2020, to count electoral votes.

Persons: CNN —, Joe Biden’s, Kamala Harris, Donald Trump, Harris, Jeff Zeleny, Sen, JD Vance, Trump’s, He’d, Biden, Vance, Trump, Maya Rudolph, Harris –, isn’t Organizations: CNN, Democratic Party, Biden, Democrats, Republican, Trump, ABC News, ABC, Fox News, Supreme, that’s, Electors, Nebraska, Electoral College, Electoral Locations: Chicago, Harris, North Carolina, Arizona, Georgia, Michigan, Pennsylvania, Wisconsin, Maine

☆ Why Thailand is making it easier for travelers to stay longer
▼ + stars: | 2024-07-28 | by ( Karla Cripps | Kocha Olarn | ) edition.cnn.com time to read: +6 min

The popular Southeast Asia destination recently introduced a new five-year visa targeted at remote workers and other travelers looking to stay in the kingdom for extended periods. According to a statement issued by the Thai prime minister’s office, the Destination Thailand Visa (DTV) will allow eligible travelers a period of stay up to 180 days per visit, on a multiple-entry basis, within five years. Thailand certainly isn’t alone in its desire to bring travelers in for longer periods. “A global trend we have observed throughout the post-Covid-19 period has been that travelers are staying at destinations for longer,” he says. “These measures will likely enhance the appeal of Thailand for long-term visitors, potentially increasing these proportions over time.”

Persons: It’s, it’s, ”, Gary Bowerman, ” Bowerman, “ You’ve, Olivier Ponti, Ponti, “ Organizations: Bangkok CNN, Muay, Thailand Visa, CNN, ” Locations: Bangkok, Phuket, Muay Thai, Thailand, Southeast Asia, Thai, Asia, –, Asia Pacific

☆ Where inflation is the highest and lowest in America
▼ + stars: | 2024-07-28 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

The Honolulu metro area in Hawaii, meanwhile, saw the nation’s highest annual inflation rate in May, at 5.2%. Housing costs have therefore eased over the past year, tugging inflation overall much lower. Tight housing-market conditions are also plaguing New York, which at one point boasted the lowest inflation rate in the country. Housing costs make up about a third of the Labor Department’s CPI, a closely watched inflation gauge. Inflation is down substantially from the 40-year highs of two years ago, but housing costs have remained stubbornly elevated.

Persons: ”, Barbara Denham, Brian Adcock, Willy Nunn, homebuilding, Adcock, “, Jane Castor, it’s, homebuilders, Carl Bonham, Mengshin Lin, Roseann Freitas, ” Freitas, Freitas, Josh Green Organizations: Washington CNN, Consumer, Nationwide, Aloha State, Oxford, Labor Department’s CPI, Federal, Boomers, Tampa Bay Chamber, Miami, Tampa, Homes, CNN, ” Tampa, Urban, University of Hawaii, Washington Post, Building Industry Association of Hawaii Locations: The Tampa, St, Petersburg, Clearwater, Florida, Honolulu, Hawaii, Tampa Bay, homebuilding, Houston , Minneapolis, Denver, Central Florida, New York, Tampa The Tampa, Tampa, Hillsborough County, Pasco County, Miami, ”, Urban Hawaii, Lahaina , Hawaii, Lahaina

☆ My wife and I both work from home. I have a ton of fears about how remote work will impact my kids as they grow up.
▼ + stars: | 2024-07-28 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +7 min

Remote work has had a positive impact on my relationship with my kidsI'm an engineering manager for an advertising company, and my wife works for a medical devices company. The flexibility of remote work has positively impacted my relationship with my kids overall. AdvertisementOur generation is the first to raise kids in a remote work environment en-masse. AdvertisementI worry that watching me work remotely will make my kids less resilientI hope that the flexibility of remote work gives my kids a sense of work-life balance. But I also have fears about how remote work will impact my children and their generation.

Persons: —, Jeffery Smith, I'm, Jeff, Jeff I, I've, couldn't, they'll, they're Organizations: Service, Technologies, Business

☆ Burned out from their healthcare jobs, this millennial couple sold almost everything to take a gap year around the world
▼ + stars: | 2024-07-28 | by ( Erin Liam | ) www.businessinsider.com time to read: +6 min

Read previewA week into their honeymoon in 2022, Katie Flynn and Mistry Bhavik faced a major healthcare: Flynn had caught a severe amoeba infection while traveling in the Philippines. Both full-time pharmacists in Ontario, Canada, the couple had no idea when they could travel for a long period again. AdvertisementThe couple set a budget of $45,000 — or $123 per day for both — for their yearlong trip. Katie Flynn and Bhavik MistryTwo months into their adventure, they regularly update their Instagram page, @katieandbhav, where they have also found a community of like-minded travelers. Some millennials, like Flynn and Mistry, have turned to long-term travel to escape corporate life.

Persons: —, Katie Flynn, Mistry Bhavik, Flynn, Mistry, Bhavik Mistry Flynn, Bhavik Mistry, Olivia Young, Jo Fitzsimons, We're Organizations: Service, Business, World Health, American Psychological Association Locations: Philippines, Ontario, Canada, Japan, Thailand, Malaysia, Sri Lanka, Chiang Mai, New Zealand

☆ Most people don't really care about COVID anymore. That's good — and bad.
▼ + stars: | 2024-07-27 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +9 min

Healthcare professionals told BI that the public's more relaxed attitude toward COVID is ultimately a good thing. AdvertisementThe long COVID scareRelaxed attitudes are not necessarily a bad thing, according to doctors. On the one hand, people are generally not getting as sick as they once did when ill with COVID, medical professionals told BI. AdvertisementMedical professionals are doing their best to understand long COVID, but admit that there's still much to learn. "When I treat people with long COVID, they are always masked," Chopra said.

Persons: —, Joe Biden, Anita Chopra, Eric Chow, Edward Jones, Lopez, Chow, we've, Jessica Bender, Bender, Chopra, Long, ROBYN BECK Organizations: Service, Business, University of Washington, Public Health Seattle, Yahoo, Keck Medicine, University of Southern, Centers for Disease Control, UW, Getty, National Library of Medicine Locations: King County, University of Southern California, Seattle

Since Harris kicked off her presidential campaign, there’s been a string of good news for the US economy. Harris will have Biden’s mostly strong economy to run on. By June 2021, Biden’s sixth month in office, the nation’s inflation rate jumped to more than 5%. After the Federal Reserve hiked interest rate hikes to a 23-year high to stamp out inflation, the economy — eventually — started to run at a slower pace. The Biden administration canceled $168 billion in student loan debt for 4.8 million Americans.

Persons: Joe Biden, Biden, Kamala Harris, Harris, there’s, Biden’s, —, hasn’t, Evan Vucci, Eros Hoagland, Getty, Lina Khan, Jonathan Kanter, Stocks Organizations: CNN, White House, House, Federal, Trump, Biden, Federal Reserve, Gross, Commerce Department, of Labor Statistics, Infrastructure Investment, Jobs, AFL, National Labor Relations Board, United Auto Workers, Union, AP Relief, American, ARPA, Medicare, University of North, Hill, Apple, Google, Federal Trade Commission, Department, FTC, Activision, Big Tech, Justice Department, Fed Locations: Ukraine, Van Buren Township , Michigan, University of North Carolina, America, Valley, Silicon Valley

☆ Rohan Bopanna’s path to the Olympics, via a Grand Slam and doubles world No 1
▼ + stars: | 2024-07-26 | by ( Matthew Futterman | ) www.nytimes.com time to read: +15 min

He needed to practice Iyengar yoga: a style that focuses on alignment. There, he came to know the father of Mahesh Bhupathi, one of India’s most successful players and a Grand Slam doubles champion. Polamarasetty told Bopanna that his knee wasn’t his problem. The kismet of Iyengar might have saved his knees, but none of the rest — the first Grand Slam title, the being doubles world No. Bopanna’s partner, Matwe Middelkoop, wanted to play with another Dutchman to better prepare for the Olympics and Davis Cup.

Persons: Rohan Bopanna’s, He’d, Matthew Ebden, Bopanna, Sriram Balaji, Fabien Reboul, Edouard Roger, Vasselin, Elsa, Getty, ” Bopanna, Rohan Bopanna, Bill Gates, Paul Allen, didn’t, Mohan Polamarasetty, Jaya, Polamarasetty, Iyengar, Mohan, “, ”, Bopanna’s, Clive Brunskill, Mahesh Bhupathi, Bhupathi, Boppanna, Haq Qureshi, Qureshi, Matthew Stockman, Prince Albert in, “ It’s, ” Polmarasetty, Max Purcell, Matwe Middelkoop, Ebden, Scott Davidoff, Supriya, Tridha, ” Davidoff, William West, Daniel Goldfarb, Shi Tang, Daniel Pockett Getty Organizations: All England Club, Olympics, Microsoft, University of Washington, Iyengar, Google, Jaya, Aisam, Getty, Pak Express, U.S ., Peace, Davis, Getty Images Locations: India, Coorg, Bangalore —, Bangalore, Pune, Chennai, Pakistan, South Asia, Prince Albert in Monaco, Australia, AFP

“This will be the first Olympics, since Sydney, where the total costs are coming in under $10 billion,” said Victor Matheson, a College of the Holy Cross professor of economics who has researched the financial costs of the Olympics. Workmen adjust banners on the 3x3 basketball venue located at La Concorde, in Paris, ahead of the 2024 Olympic Games. Additionally, the Paris Olympic Village will be converted into offices and housing in a historically impoverished neighborhood. Still, economists say, it may take more drastic moves in the future for the Olympics to be truly sustainable and economically sound. “I love the Olympics, and I love sporting events, but I just really do not think that the way the Olympics works now is a viable business model,” Phalin said.

Persons: ”, Victor Matheson, “, “ It’s, David Gray, Andrew Zimbalist, ” Zimbalist, Michael Kappeler, it’ll, Fabrice Coffrini, Zimbalist, ‘, Amanda Phalin, Christian Petersen, I’m, ” Phalin, you’ve, it’s, Andrew Medichini, shuttlecocks, Matheson, Phalin Organizations: CNN, Olympic, Paralympic Games, Paris Games, of, IOC, La Concorde, Getty, Mexico City Games, Montreal Games, Smith College, Olympics, Oxford University, Audit Board, Tokyo, Eiffel, Paris, University of Florida’s Warrington College of Business, Games, of Investment, Development Authority, French, ” Workers, Palais, AP Paris Locations: Paris, Sydney, La, AFP, Mexico, Munich, ” Los Angeles, Tehran, Beijing, Sochi, France, “, Lake Placid , New York, Lake Placid, ”, Los Angeles, Oklahoma

☆ Zhiying Zeng: 38 years after ending Olympic dream in China, this ‘table tennis grandma’ will represent Chile at Paris 2024
▼ + stars: | 2024-07-26 | by ( Matias Grez | ) edition.cnn.com time to read: +9 min

CNN —Zhiying Zeng’s eyes begin to sparkle and her gestures become more animated as she recounts the day her lifelong Olympic dream came true. Even in China, by far the world’s most dominant table tennis nation, Zeng’s talents were evident from an early age. When she was 16, she was called up to the Chinese table tennis team for the first time. Finally, 38 years after she gave up on her Olympic dream, Zeng qualified for Paris 2024 at a pre-Olympic qualifying tournament in Lima, Peru, in May this year. “Calm, calm,” Zeng, who says mental fortitude is her biggest asset in table tennis, repeated to herself.

Persons: Zeng, ’, Tania ’ –, –, empanadas, “, Chile Zeng, ”, Rodrigo Arangua, Daniela Ortega, Paulina Vega, Luisa Gonzalez, Reuters “, ’ ”, ” Zeng, Tia Tania ’ –, Tania –, Zeng isn’t, Gabriel Boric, Mariana Sahakian, Zeng’s, “ You’ve Organizations: CNN, Paris, Chile –, CNN Sport, Getty, Games, Pan American, Reuters, Tennis Federation, AP, Pan Am, Olympic Locations: China, Asia, Chile, Chilean, Guangzhou, AFP, Seoul, Arica, –, Iquique, Santiago, Lima , Peru, Lima

What the LIFT Act would mean todaySince the LIFT Act was first proposed in 2018, the cost of living has only sky-rocketed, hitting working-class Americans especially hard. But a tax credit like LIFT would also be extremely costly, according to Tax Policy Center estimates from 2018 and 2019. However, funding such a tax credit now could be tough amid growing concerns over the federal budget deficit. Focus on the child tax creditLIFT was first proposed years before Congress temporarily expanded the child tax credit during the Covid-19 pandemic, which could now be a bigger priority, experts say. The American Rescue Plan boosted the child tax credit to $3,000 from $2,000, with an extra $600 for children under age 6 for 2021, and families received up to half upfront via monthly payments.

Persons: Kamala Harris, Kevin Mohatt, Francesco D'Acunto, Biden, Karl Widerquist, Jacob Channel, Tomas Philipson, Laura Veldkamp, Harris, Donald Trump Organizations: West Allis Central High School, Reuters, Georgetown University, D'Acunto, Plus, White House Council, Economic Advisers, Columbia University Business School, American Rescue Plan, Columbia University, . Census Locations: West Allis , Wisconsin

☆ China to use ultra-long bonds for consumer, trade-in policy support as worries about retail sales slump grow
▼ + stars: | 2024-07-25 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

CNBC | Evelyn ChengSHANGHAI — China on Thursday announced its most targeted measures yet for boosting consumption, which has remained lackluster since the Covid-19 pandemic. Authorities announced they would allocate 300 billion Chinese yuan ($41.5 billion) in ultra-long special government bonds to expand an existing trade-in and equipment upgrade policy. He noted how the new policy links Beijing's ultra-long bond program — announced in March — with consumption. The National Development and Reform Commission on Thursday then announced the expanded policy to support consumption. He noted that the 300 billion yuan designation also reflects "a new way of thinking" which can have impact at scale.

Persons: Evelyn Cheng, Zong Liang, —, Zong, Bruce Pang Organizations: CNBC, Thursday, Authorities, National Development, Reform, Ministry of Finance, Bank of, People's Bank of Locations: Evelyn Cheng SHANGHAI, China, People's Bank of China, JLL

☆ I broke into tech as a teacher after going to a coding boot camp. Now I have a 6-figure job and work-life balance.
▼ + stars: | 2024-07-25 | by ( Jane Zhang | ) www.businessinsider.com time to read: +7 min

One of my friends had done a coding boot camp and told me she really enjoyed it. The boot camp was intenseI quit teaching after summer school in 2021 and started the boot camp in August. The job search was roughAfter the boot camp ended, looking for a job was very difficult. The boot camp seemed like the only way for me to transition into techI'll be done paying off the boot camp in October. I saw the boot camp as the best way to learn the skills I needed to transition into tech.

Persons: —, Xavier Carrillo, wasn't, We'd, wouldn't, could've, Carrillo, Jane Zhang Organizations: Service, Business, Baruch, New York City Teaching, General, Apple, YouTube Locations: New York City, New York, Ecuador, janezhang@businessinsider.com

☆ Jill Biden travels to Paris Olympics as her husband passes the torch
▼ + stars: | 2024-07-25 | by ( Betsy Klein | ) edition.cnn.com time to read: +5 min

CNN —First lady Jill Biden watched on Wednesday night as President Joe Biden told the American people it was time to “pass the torch” on his political career. Then she got on a plane, flying nearly 4,000 miles to Paris, where another torch was being passed. Jill Biden is arriving in Paris at a monumental time for her husband’s presidency. That unity will be on display at the Olympic Games, a rare moment in intensely polarized times. In one tangible signal of how plans for the Paris trip changed since the president’s decision to drop his reelection bid, Jill Biden had been scheduled to headline a fundraiser for Americans living abroad in Paris.

Persons: Jill Biden, Joe Biden, Biden, ” Biden, “, ”, Vanessa Valdivia, Joe Biden’s, Capricia Marshall, Obama, Clinton, ” Jill Biden’s, Elizabeth Alexander, Alexander, Kamala Harris, Harris, Marshall, Joe …, Anita McBride, Laura Bush, ” McBride, it’s, Doug Emhoff Organizations: CNN, Olympic Games, Olympic, USA, White, House, Democratic, Tokyo Locations: Paris, Virginia, Tokyo, Valdivia

☆ I quit teaching and broke into tech with a coding boot camp. It's given me the life I dreamed about.
▼ + stars: | 2024-07-25 | by ( Jane Zhang | ) www.businessinsider.com time to read: +7 min

One of my friends had done a coding boot camp and told me she really enjoyed it. The boot camp was intenseI quit teaching after summer school in 2021 and started the boot camp in August. The boot camp provided us with a career coach, but some of my classmates never broke into tech or returned to what they were doing. The boot camp seemed like the only way for me to transition into techI'll be done paying off the boot camp in October. I saw the boot camp as the best way to learn the skills I needed to transition into tech.

☆ Coco Gauff still can’t wrap her head around the honor of being Team USA’s flagbearer
▼ + stars: | 2024-07-25 | by ( Kyle Feldscher | ) edition.cnn.com time to read: +3 min

Gauff will serve as flag bearer alongside basketball superstar LeBron James – a role she has yet to truly wrap her mind around. “I don’t know when I’m going to meet him, but I’m already stressed about it really,” Gauff told CNN’s Coy Wire. She’s one of the faces of Team USA in Paris and says she’s finding the experience a little bizarre. “It took a while for it to sink in, (it still hasn’t really) sunken in,” Gauff told Wire just hours ahead of her big moment. “So many people are coming up to say congratulations, not just from Team USA but from other sports and countries as well.

Persons: Paris CNN — Coco Gauff, LeBron James –, ” Gauff, CNN’s Coy, “ I’ve, There’s, Simone Biles, Katie Ledecky, she’s, Wire, Gauff, “ Organizations: Paris CNN, Summer, Paris Games, Tokyo Games, Team USA, USA Locations: USA, Paris, “

☆ Shares of Gucci-owner Kering hit seven-year low after weak forecast, revenue drop on low China sales
▼ + stars: | 2024-07-25 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

Shares in Gucci-owner Kering fell on Thursday, after the luxury group announced a sharp decline in revenue in the first half of the year and issued a weak forecast for the remaining six months of the year. Kering shares dropped as much as 9% as markets opened, trading around levels last seen in August 2017. "There was a marked deceleration in China, while trends did not improve greatly in North America and Europe," Kering added. Gucci posted the worst first-half performance of these brands, with revenue shedding 18% on a comparable basis. Kering is the latest in a series of luxury brands to log declines, with the world's largest luxury group LVMH reporting lower-than-expected sales earlier this week.

Persons: Gucci, Kering, Yves Saint Laurent, Bottega, Luca Solca, Bernstein, CNBC's, it's, Solca Organizations: Gucci, Wednesday, Japan Locations: New York City, London, Japan, China, North America, Europe

☆ I used to explore abandoned places as a kid. When I started exploring them again as an adult, I made a career out of it.
▼ + stars: | 2024-07-25 | by ( Blake Pfeil | ) www.businessinsider.com time to read: +5 min

Read previewAs a kid who dreamed of being a professional artist, I spent hours at an abandoned dairy farm near my childhood home. After the dairy farm burned down, it slowly faded from my memory. The practice of exploring abandoned spaces calmed the symptoms of what eventually became a cyclothymia diagnosis — a rare mood disorder — much later in life. As I got older and moved away, my childhood fascination with abandoned spaces almost vanished completely. I lay in bed, thinking about the abandoned dairy farm, and I wondered if there were any abandoned buildings near where I live in the Hudson Valley, New York.

Persons: —, I've, I'd, Blake Pfeil Organizations: Service, Business Locations: Hudson Valley , New York

☆ The luxury outlook in China just keeps getting worse
▼ + stars: | 2024-07-25 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +4 min

Consumer spending in China has been improving "more moderately than before COVID-19," Luca Solca, a luxury goods analyst at Bernstein, told Business Insider. In its most recent quarter, Burberry's Chinese sales revenue declined 21% from last year. Massive discounts and online shoppingTo try to boost sales, luxury brands have given massive discounts to Chinese consumers. Luxury goods are still popular with wealthy Chinese shoppers — just not in China. Not all luxury brands are feeling the heat in China.

Persons: —, LVMH, Jean, Jacques Guiony, Luca Solca, Bernstein, Solca, Hugo Boss, Richemont, Cartier, Versace, Marc Jacobs, Damien Yeo, Yeo, TD Cowen, Guiony, Hermès Organizations: Service, Gucci, Business, Consumer, Swatch, Asia, Brands, Balenciaga, Bloomberg, Burberry, Fitch Solutions Locations: Asia, China, China , Hong Kong, Macau, Asia Pacific, Japan

☆ Biden says the fight for democracy is bigger than him, so he decided to 'pass the torch' to Harris
▼ + stars: | 2024-07-25 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

"I've decided that the best way forward is to pass the torch to a new generation," he said. "In this sacred space, I am surrounded by portraits of extraordinary American presidents," Biden said. First lady Jill Biden released a handwritten note to supporters to underline the president's push to hand the torch to Harris. Love,Jill pic.twitter.com/NakOWknWlC — Dr. Jill Biden (@DrBiden) July 25, 2024Republicans have been furious over Biden's decision. Despite the focus on Harris, Biden was clear that he intends to make the most of his remaining months in office.

Persons: —, Joe Biden, Biden, I've, Donald Trump, Lyndon B, Johnson, George Washington, Thomas Jefferson, Abraham Lincoln, Kamala Harris, Jill Biden, Harris, Joe —, Love, Jill, Jill pic.twitter.com, Dr, Mike Johnson Organizations: Service, Business, FDR, Kamala, Republicans, Trump Locations: COVID

☆ Secret family battle for Murdoch empire revealed in sealed court documents: NYT
▼ + stars: | 2024-07-25 | by ( Jessie Yeung | ) edition.cnn.com time to read: +5 min

CNN —The Murdoch family, famous for helming one of the world’s most influential news empires, is locked in a secret court battle over succession and control, according to a New York Times report citing sealed court documents. By granting control to only Lachlan, Murdoch is arguing in court, he is protecting the companies’ value – which then benefits all his heirs, according to The Times. He began learning the family business at a young age and rose quickly through the ranks. Rupert Murdoch with his sons Lachlan (left) and James (right) attending his wedding to Jerry Hall in London on March 5, 2016. While apparently considered the most similar to Rupert, Elisabeth has struggled to advance in the family business.

Persons: Murdoch, Rupert Murdoch, ”, Rupert Murdoch’s, – Lachlan, James, Elisabeth, Prudence –, Lachlan, –, Prudence, Jerry Hall, Max Mumby, James –, Joe Biden’s, Kathryn, Rupert, Logan Roy, Jim Rutenberg, ” Rutenberg Organizations: CNN, New York Times, Fox Corporation, News Corporation, Street, New, New York Post, Forbes, Fox Corp, News Corp, The Times, Times, Lachlan, Fox News, Democratic, Republican Party, Disney Locations: New York, London, Australia, “

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