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Though many Americans believe the housing market is at risk of crashing, the economists who study housing market conditions overwhelmingly do not expect a crash in 2024 or beyond. How low demand can cause a housing market crashA sudden drop in homebuying demand can lead to a housing market crash. What a housing market crash would mean for homebuyersAnything is possible, and nobody has a crystal ball to see for certain what will happen in the housing market in the coming months and years. Preparing for a potential housing market crashRight now, you probably don't need to be preparing for the housing market to crash. Housing market crash FAQsWhat are the key signs of an impending housing market crash?

Persons: homebuyers, Fannie Mae's, Lawrence Yun, Yun, isn't Organizations: Housing Survey, National Association of Realtors, Housing Locations: exurbs, Chevron

☆ Top Wall Street analysts are confident about the potential behind these 3 stocks
▼ + stars: | 2024-07-21 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

In this regard, the ratings of top Wall Street analysts and their investment theses can provide useful insights and help us make the right decisions. Bearing that in mind, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. The company recently reported its June sales and announced an increase in its membership fee. He estimates a potential benefit of nearly 3% to the company's earnings per share over each of the next two years. Even after the stock's impressive year-to-date rally, Goldman Sachs analyst Toshiya Hari thinks that it has more room to run.

Persons: Corey Tarlowe, Tarlowe, TipRanks, MongoDB, Ivan Feinseth, Feinseth, Goldman Sachs, Toshiya Hari, Colette Kress, Hari, Nvidia's, Blackwell Organizations: Wall Street, Costco, Jefferies, Tigress, Nvidia Semiconductor, Nvidia, Blackwell Locations: Costco's

☆ Secret Service tried to block Trump team request for metal detectors at his son's high school graduation, report says
▼ + stars: | 2024-07-21 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +4 min

The official said that the Secret Service had even tried to deny a request from Trump's team to install metal detectors at his son Barron Trump's high school graduation in May, which the former president attended with his wife, Melania. The official told The Times that the Secret Service had argued that the graduation was not a "political" event before eventually caving in. Secret Service spokesperson Anthony Guglielmi previously said that "there's an untrue assertion that a member of the former president's team requested additional resources and that those were rebuffed." Crooks was killed by a Secret Service sniper. Kimberly Cheatle, the director of the Secret Service, is set to testify before Congress on Monday.

Persons: —, Barron Trump's, Anthony Guglielmi, Guglielmi, Butler, Thomas Matthew Crooks, Crooks, Tim McCarthy, Ronald Reagan, Mike Johnson, Kimberly Cheatle, Trump Organizations: Service, New York Times, Trump, Business, Times, Secret, The Times, Secret Service, WGN, Department of Homeland Security Locations: New York City, Butler , Pennsylvania, Bethel Park , PA, Chicago

☆ Secret Service says it denied some Trump requests for more security, walking back previous story
▼ + stars: | 2024-07-21 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

The Secret Service denied some of former President Donald Trump's requests for additional security resources over the past two years, an official with the agency confirmed to NBC News. The Secret Service official said extra security accommodations could not always be made for Trump due to the department's limited resources. "In some instances where specific Secret Service specialized units or resources were not provided, the agency made modifications to ensure the security of the protectee," Secret Service spokesperson Anthony Guglielmi told NBC News. Last Sunday, he said the assertion that the Secret Service had rebuffed Trump's team's requests for additional security were "absolutely false." In the wake of the attempted assassination of Trump, the Secret Service has been under intense scrutiny.

Persons: Donald Trump, Donald Trump's, Anthony Guglielmi, Trump's, Trump, Kimberly Cheatle, Mike Johnson, Steve Scalise Organizations: Republican National Convention, Secret Service, NBC News, Service, Trump, Washington Post, NBC Locations: Milwaukee , Wisconsin, Trump's Pennsylvania, Trump

☆ From Zyn to vapes: Big Tobacco pushes further toward cigarette alternatives. Here’s who could come out on top
▼ + stars: | 2024-07-21 | by ( Michelle Fox | ) www.cnbc.com time to read: +12 min

If you haven't been paying attention to tobacco companies, you might not recognize the new landscape. The alternatives also include heated tobacco and nicotine vapor products, although with the latter, tobacco companies face big competition from vaping companies and the proliferation of illicit vapes. PM 1Y mountain Philip Morris' one-year performance Countries around the globe have been working for years to reduce tobacco use. There is no way back," Philip Morris Chief Financial Officer Emmanuel Babeau said at a Deutsche Bank conference in June. Most of that came from companies in China, with tobacco companies only taking about 15% share, the bank said.

Persons: Philip Morris, —, Brett Cooper, I'm, Philip, Emmanuel Babeau, Owen Bennett, Cooper, Altria, vapes —, Faham Baig, Dan Ahrens, Ahrens, Edge's Cooper, Jefferies, Bennett, Murray Garnick Organizations: Philip Morris International, Reynolds American, British, Tobacco, Big Tobacco, World Health, Philip Morris, Deutsche Bank, Jefferies, Philip Morris USA, Centers for Disease Control, Drug Administration, U.S, Supreme, FDA, UBS, WHO, Brands, BAT Locations: Colorado, China, rey, Japan, Iquos, U.S, Kentucky, Marlboro, U.S ., London, RRPs

☆ Secret Service says it denied Trump additional resources even as his team complained
▼ + stars: | 2024-07-21 | by ( Kristen Holmes | Holmes Lybrand | ) edition.cnn.com time to read: +2 min

CNN —Former President Donald Trump’s security detail had complained they were not being given enough resources and personnel by the Secret Service over the past two years, and the agency acknowledged Saturday it denied some requests. A spokesperson for the Secret Service said in a statement Saturday that the agency has not provided certain resources in the past but has instead provided other security measures including from local partners. The Washington Post and The New York Times reported earlier Saturday that the Secret Service denied previous request from Trump’s security team over the past two years. In response to questions from CNN over whether the Secret Service had denied additional security requests, a spokesperson told CNN the agency makes “modifications” when certain resources are not provided to protectees. “In some instances where specific Secret Service specialized units or resources were not provided, the agency made modifications to ensure the security of the protectee,” Anthony Guglielmi, chief of communications for the Secret Service, wrote in a statement.

Persons: Donald Trump’s, Trump, ” Anthony Guglielmi, ” Guglielmi, Kimberly Cheatle, Mike Johnson, Cheatle Organizations: CNN, Secret Service, Washington Post, The New York Times, Service, Secret, Trump Locations: Butler , Pennsylvania, Trump, “, Pennsylvania

☆ Residents stage rare protest over power cuts in Russia’s Krasnodar
▼ + stars: | 2024-07-20 | by ( Radina Gigova | ) edition.cnn.com time to read: +2 min

CNN —Residents in the southern Russian city of Krasnodar staged a rare protest on Saturday over electricity cuts and water supply interruptions due to a power grid failure amid record-high temperatures. Angry residents gathered on the streets near residential buildings shouting “Give me light,” after experiencing power cuts for several days, videos posted on social media show. Work to repair the accident is underway and residents are being supplied with drinking water, the city’s mayor Evgeny Naumov said Saturday. The power cuts came as the city is experiencing unusually high temperatures and on Friday a daily record was set for the fourth day in a row, according to Russian state news agency TASS. The government has introduced war censorship laws that can result in severe punishment, including imprisonment, for discrediting the military.

Persons: Evgeny Naumov, Krasnodar Governor Veniamin Kondratyev, Kondratyev, “, ” Kondratyev Organizations: CNN, Residents, TASS, Rostov Nuclear Locations: Russian, Krasnodar, Krasnodar Governor, Rostov, Russia, Ukraine

☆ 26-year-old won the NYC housing lottery, pays $881/month for a 1-bedroom apartment: How the process works
▼ + stars: | 2024-07-20 | by ( Celia Fernandez | ) www.cnbc.com time to read: +10 min

Nahjae Olin won the NYC housing lottery in 2023 and signed a lease on a one-bedroom apartment in the Bronx. She and five of her siblings grew up in a one-bedroom apartment just one block away from the place she now calls home. Molly Stromoski for NYC Department of Housing Preservation & DevelopmentThe New York City housing lottery program helps residents find affordable housing, including rent-stabilized apartments. NYC Housing ConnectThe average ratio for HPD's housing lottery is 50 applications for each available unit. Before winning her housing lottery apartment, Nkenge lived in a small one-bedroom in Harlem.

Persons: Nahjae Olin, Olin, Molly Stromoski, Emily Osgood, Osgood, you've, It's, she'd, . Olin, I'm, Development Olin, you'll, Nkenge, Mickey Todiwala, That's, I've Organizations: CNBC, NYC Department of Housing Preservation, New, of Housing Preservation, Development, Yorkers, AMI, Housing, . Locations: Bronx, Bronx , New York City, New York City, New York, housingconnect.nyc.gov, Brooklyn, Williamsbridge, U.S, Harlem, Manhattan, Nkenge's

In America's 20 biggest cities, a 20% down payment ranges from $39,127 in Oklahoma City to $263,392 in San Jose, California. On a $200,000 home, a 3% down payment means you'll need $6,000. FHA mortgage: 3.5%To get an FHA mortgage, you'll need at least a 3.5% down payment. The exact amount you'll pay depends on your down payment and whether you've gotten a VA loan previously. PMI protects lenders on mortgages with high loan-to-value ratios, and it's added to the borrower's monthly mortgage payment.

Persons: you'll, Insider's, Fannie Mae, Freddie Mac, you've, You'll, it's Organizations: Phoenix, Fort, Oklahoma, PMI, Opportunity, National Association of Realtors, Chevron, USDA Locations: Oklahoma City, San Jose , California, Government, York City, NY, Angeles, LA, Chicago, Houston, AZ, Philadelphia, Antonio, Diego, Dallas, Austin, Jacksonville, Jose, Fort Worth , TX, Columbus, Charlotte, NC, Indianapolis, Francisco, Seattle, WA, Denver, homeownership, Chevron

☆ Divisive Far-Right Politician in Ukraine Is Fatally Shot
▼ + stars: | 2024-07-20 | by ( Constant Méheut | ) www.nytimes.com time to read: +1 min

A gunman shot and killed a far-right Ukrainian politician who stirred controversy with campaigns to promote the Ukrainian language and discredit Russian-speaking compatriots, the authorities say. The former lawmaker, Iryna Farion, was a highly divisive figure. A linguist who belonged to a hard-line nationalist party, she was despised by some for her denunciation of Russian-speaking fighters in elite Ukrainian military units. Many Ukrainians speak Russian, especially in eastern regions closer to Russia. “This was not a spontaneous murder,” he told a news conference on Saturday, adding that it might have been politically motivated or a personal matter.

Persons: Iryna Farion, Farion, Ihor, ” Organizations: Ukrainian Locations: Ukrainian, Russia, Lviv

☆ A self-made millionaire who has invested in real estate, stocks, and crypto shares why index funds are the No. 1 way anyone can build wealth
▼ + stars: | 2024-07-20 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +1 min

Tess Waresmith advises prioritizing stock-market investing over real estate for ease and growth. Waresmith, a financial educator, emphasizes learning the basics of low-cost index funds for wealth. Her diversified portfolio includes rental units, index funds, individual stocks, and crypto assets. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . If she could go back, Waresmith says she would've prioritized stock market investing — specifically, buying low-cost index funds — over real estate.

Persons: Tess, —, Tess Waresmith's, Waresmith Organizations: Service, Business Locations: Tampa , Florida

☆ Elon Musk praises the first prime minister of Singapore as 'brilliant' in response to a glowing blog post about the country's airport
▼ + stars: | 2024-07-19 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

Read previewElon Musk said that Singapore's first prime minister, touted as the country's founding father, was a "brilliant" man. Mack wrote about Lee's efforts in conceiving Singapore's Changi Airport, which has been named the world's best airport 12 times by London-based research firm Skytrax. Singapore's award-winning Changi Airport. John Seaton Callahan/Getty ImagesBefore Singapore's Changi Airport became operational in 1981, the island state had a small commercial airport located inland on the east side of Singapore, called Paya Lebar Airport. The country's largest public universities, National University of Singapore and Nanyang Technological University, ranked 8th and 15th, respectively, in the 2025 QS top universities rankings.

Persons: —, Elon Musk, George Mack, Lee Kuan, Mack, d1C60XIvNA — Elon, Musk, Lee, Singapore's, John Seaton Callahan, Skytrax, Martin Puddy, Liu Thai Ker, Jon Hicks, it's Organizations: Service, SpaceX, Business, Changi, Changi Airport, Singapore's Changi, Airport, Changi Airport's, Business Times, The New York Times, Financial, Singapore Crowds, Getty, National University of Singapore, Nanyang Technological University, QS, Cornell, Princeton, Yale Locations: London, Singapore, Paya, Changi, Southeast Asia, Malaysia, Asia, Hong Kong, Singapore's Orchard

☆ White House Pushes Rent Cap, Reigniting Debate on Housing Policy
▼ + stars: | 2024-07-19 | by ( Talmon Joseph Smith | ) www.nytimes.com time to read: +1 min

When the Biden administration laid out a suite of plans this week to address housing affordability, it added a bold update to previous proposals — and sent the housing industry and the economics world buzzing. The White House called on Congress to pass legislation giving “corporate landlords” — defined by the White House as those with over 50 rental units — a choice to cap annual rent increases on existing units at 5 percent annually or lose federal tax breaks based on property depreciation. The proposal is expected to go largely unaddressed this year, with Congress in campaign mode. Tenant organizations and progressive leaders generally allied with the administration’s economic team cheered the news. Yet a range of economists, Wall Street analysts, real estate groups and landlord associations responded with forceful critiques, assailing the limits as counterproductive.

Persons: Biden, ” — Organizations: White, Wall Street

☆ US-Mexico border security is stretching troops thin, placing demands 'not related to their military mission set,' National Guard chief says
▼ + stars: | 2024-07-19 | by ( Steve Beynon | ) www.businessinsider.com time to read: +7 min

For decades, the National Guard has had some level of presence on the southwest border. The border mission is mostly static security and surveillance, but troops typically are not allowed to interact directly with migrants or suspected smugglers. It also has been contributing to retention issues that have plagued the Army National Guard. The move sparked numerous questions on the ethics and legality of privately funding National Guard operations — and came as Noem was boosting her national profile. The National Guard has frequently been caught in the middle between state politicians and federal officials.

Persons: —, Daniel Hokanson, Military.com, Greg Abbott's, Chip Somodevilla, Hokanson, Herika Martinez, Christine Wormuth, JOSEPH PREZIOSO, Kristi Noem, megadonor Willis Johnson, Noem Organizations: Service, National Guard, Guard's, Business, Gov, Lone Star, Capitol Hill, US, Army National Guard, Army Guard, Guardsmen, Texas National Guard, AFP, Getty, Army, Guard, Massachusetts National Guard, South Dakota Republican Gov, Governors Locations: Mexico, Texas, Kuwait, Iraq, Afghanistan, Ukraine, Africa, AFP

☆ Can Boeing get back to its glory days?
▼ + stars: | 2024-07-18 | by ( Leslie Josephs | ) www.cnbc.com time to read: +17 min

Then on Jan. 5, about six minutes and 16,000 feet into a packed flight out of Portland, Oregon, a door plug blew out of a nearly new Boeing 737 Max 9. The Federal Aviation Administration barred Boeing from increasing output of its Max planes and stepped up hands-on inspections at production plants. The 737 was dubbed "Baby Boeing" and went on to become the company's bestseller, helping to make Boeing the largest U.S. exporter. Pilots in those Boeing planes fought against a flight-control system, the Maneuvering Characteristics Augmentation System, that pushed the nose of the planes downward repeatedly. Boeing has said it aims to increase rates to about 50 Max planes a month in the next few years.

Persons: Joshua Roberts, Max, AeroSystems, Sen, Richard Blumenthal, Conn, Dave Calhoun, Boeing hasn't, Brian West, Aengus Kelly, Bob Jordan, I'm, Antonoaldo Neves, Calhoun, Steve Mollenkopf, Pat Shanahan, Donald Trump, Barack Obama, AerCap's Kelly, Mulugeta Ayene, we've, NASA —, Scott Kirby, McDonnell Douglas, Rob Spingarn, Kirby, Spirit Aerosystems, William Campbell, it's, It's, Howard McKenzie, Kevin Lamarque, Goldman Sachs, Noah Poponak, Alex Krutz Organizations: American Airlines Boeing, Reagan National, FAA, Reuters Boeing, Wall, Boeing, Justice Department, Alaska Airlines, National Transportation Safety Board, NTSB, Via Reuters Industry, Farnborough, Federal Aviation Administration, Airbus, JPMorgan, Etihad Airways, General Electric, Blackstone, Qualcomm, Lion, Ethiopian Airlines, Pilots, Justice, Reuters, NASA, Lion Air, CNBC, Research, Max, Spirit, Corbis, Jefferies, DOJ, Senate Homeland Security, Governmental Affairs, Capitol, Patriot Industrial Partners Locations: Los Angeles, United States, Washington , U.S, Portland , Oregon, Alaska, U.S, Maldives, Wall, United Kingdom, Boeing's, Emirates, Southwest, United, Indonesia, Addis Ababa, Bishoftu, Debre Zeit, Ethiopia, BOZEMAN , MT, Wichita , Kansas, Bozeman, Bozeman , Montana, Seattle, Chicago, Arlington , Virginia, Wichita, South Carolina, Washington

☆ I reread JD Vance's 'Hillbilly Elegy.' He hasn't transformed as much as you think.
▼ + stars: | 2024-07-18 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +11 min

To reread "Hillbilly Elegy" now, as I did this week, is to feel a sense of disorientation. JD Vance the author sounds a lot different than JD Vance the politician. Personally, I first read "Hillbilly Elegy" in college, in an earnest if somewhat contrived attempt to better understand communities unlike mine. On stage, he recounted a story that also appears in "Hillbilly Elegy," where Mamaw bluntly threatens violence against one of Vance's friends. There are hints of this in "Hillbilly Elegy" as well: He served as a public affairs Marine, where he was trained in the art of media relations, including "how stay on message."

Persons: JD Vance, It's, Vance, Donald Trump's, Trumper, Trump, I've, who's, Vance didn't, JD, Alex Wong, Mamaw, Mom, Brett Kavanaugh, there's, New York Times's Ross Douthat, There's, he's, Usha, Mike Johnson, Kamil Krzacynski, — Vance Organizations: Service, Republican, audience's, Democratic, Capitol Hill, Republican National Convention, Supreme, New, GOP, Marine, Yale Law School, Getty Locations: Ohio, Middletown , Ohio, Appalachia, Middletown, Washington, New York, Ukraine, AFP

☆ Here's why Abbott Labs stock is getting dinged after a strong earnings beat
▼ + stars: | 2024-07-18 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

As Abbott's organic sales growth continues to shine, the market will realize both concerns are overblown. The FreeStyle Libre itself, which had 20% organic growth in the quarter, also still has plenty of runway for further growth. Investors should focus instead on the upward revision to management's full-year outlook for both top-line organic growth and earnings. The combination of Thursday's strong results and immediate decline in share price is setting up a positive risk vs. reward setup. Within Diagnostics, a small miss in molecular was more than offset by strong results in core laboratory, point of care and rapid diagnostics.

Persons: Abbott, Edwards, Robert Ford, It's, Jim Cramer's, ABT, Jim Cramer, Jim, Robert B, Ford, Ethan Miller Organizations: Abbott Labs, Abbott Laboratories, NEC, Rio, Libre, Management, Diagnostics, Devices, CNBC, Getty Locations: Missouri, Rio —, United States, U.S, Vegas, Las Vegas , Nevada

☆ Real estate pros agree that rental income isn't 'passive' and are turning to more hands-off strategies
▼ + stars: | 2024-07-18 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

It sounds simple enough — rent comes in and, ideally, it's greater than the rental expenses, resulting in positive cash flow — but real estate investors agree that rental income shouldn't be categorized as passive. "You hear that real estate investing is passive, and that's certainly not been my experience," New England-based investor Tess Waresmith, who owns five units, told Business Insider. But when I'm not actively buying, I don't spend much time on real estate." Real estate syndicationWith real estate syndication deals, a group of investors pool together their capital to purchase a single property managed by the syndicator. He recommends starting with an online search for "real estate syndicates" or "commercial real estate syndicates" if you're specifically interested in commercial deals.

Persons: —, that's, Tess Waresmith, Stephen Yin, I'm, Carl, Mindy Jensen, we've, Mindy, Erik Smolinski, Smolinski, hasn't Organizations: Service, Business Locations: New England, Los Angeles, Birmingham, Colorado

☆ Ukraine: Germany to halve military aid despite possible Trump White House
▼ + stars: | 2024-07-18 | by ( Story Reuters | ) edition.cnn.com time to read: +4 min

Reuters —Germany plans to halve its military aid to Ukraine next year, despite concerns that US support for Kyiv could potentially diminish if Republican candidate Donald Trump returns to the White House. German aid to Ukraine will be cut to €4 billion ($4.35 billion) in 2025 from around €8 billion in 2024, according to a draft of the 2025 budget seen by Reuters. Germany has faced criticism for repeatedly missing a NATO target of spending 2% of its economic output on defense. Days after Russia’s 2022 invasion of Ukraine, Chancellor Olaf Scholz announced a “Zeitenwende” – German for historic turning point - with a €100 billion special fund to bring the military up to speed. The defense budget is set to receive a meagre €1.3 billion more than in 2024, far below the €6.7 billion requested by Pistorius.

Persons: Donald Trump, Christian Lindner, Trump, JD Vance, Olaf Scholz, Kay Nietfeld, Chancellor Olaf Scholz, Boris Pistorius, Pistorius . Scholz, Zelensky, John MacDougall, “, ”, Ingo Gaedechens Organizations: Reuters, House, Group, German, Washington, Ukraine, Trump, NATO, Social Democrats, Greens, Defense, Getty, CDU Locations: Germany, Ukraine, €, Europe, United States, Russia, Irpin, Kyiv, Berlin

☆ Ford to spend $3 billion to expand large truck production to a plant previously set for EVs
▼ + stars: | 2024-07-18 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

DETROIT – Ford Motor will expand production of its large Super Duty trucks to a Canadian plant that was previously set to be converted into an all-electric vehicle hub. The new plans include investing about $3 billion to expand Super Duty production, including $2.3 billion at Ford's Oakville Assembly Complex in Ontario, Canada, Ford said Thursday. The remaining investment will be used to increase production at supporting facilities in the U.S. and Canada, the company said. Ford currently produces Super Duty trucks – the larger siblings of the F-150 full-size pickup used largely by commercial and business customers – at plants in Ohio and Kentucky. Ford said the Canadian plant, which is expected to come online in 2026, will add capacity of roughly 100,000 units annually.

Persons: Ford, Jim Farley Organizations: DETROIT, Ford, Kentucky, Plant, Ford Pro Locations: Canadian, Oakville, Ontario, Canada, U.S, Ohio, Kentucky

☆ Bissell recalls 3.2 million handheld steam cleaners after reports of burn injuries
▼ + stars: | 2024-07-18 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +1 min

New York CNN —Bissell has recalled about 3.2 million handheld Steam Shot cleaners, which are popular across social media, after more than 150 burn injury reports. The handheld steamers, which come in a variety of colors, are among the top search results for “steam cleaner” on TikTok. Bissell said it received 183 reports of hot water or steam escaping from the steamer, which includes 157 reports of minor burn injuries. The recall targets steam cleaners in the model series 39N7 and 2994. “STEAM SHOT” or “POWER STEAMER” is printed on the side of the affected product.

Persons: New York CNN — Bissell, Bissell Organizations: New, New York CNN, Consumer Product Safety, Target, Walmart, Bissell, Amazon Locations: New York, TikTok, Canada

☆ Sealed bottles of tattoo and permanent makeup ink test positive for millions of bacteria, FDA says
▼ + stars: | 2024-07-18 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +8 min

CNN —Sealed bottles of tattoo and permanent makeup ink, including some marked as sterile, contained millions of potentially dangerous bacteria, according to new research by the US Food and Drug Administration. Earlier studies have found high levels of bacterial contamination within sealed and sterile bottles of ink. Unfortunately, the study’s findings were not surprising, said John Swierk, an assistant professor of chemistry at Binghamton University, State University of New York, who has studied tattoo ink contamination. For example, using the same gloves to touch a client and the ink bottle is a hazard that can lead to tattoo ink contamination. “Tattoo inks are in the process of being regulated due to the Modernization of Cosmetics Regulation Act (of 2022) but much of that law dealing with tattoo inks has yet to be implemented,” Swierk said.

Persons: ”, Peter, Kim, Linda Katz, ” Katz, Katz, John Swierk, Swierk, Selina Medina, ” Medina, Robert Schooley, “, ’ ”, Schooley, Medina, miodrag ignjatovic, ” Swierk Organizations: CNN, US Food and Drug Administration, National, for Toxicological Research, Cosmetics, US Centers for Disease Control, Binghamton University, State University of New, Alliance, Professional, Manufacturers, FDA, CFU, University of California, Center, Therapeutics, Artists Locations: Jefferson , Arkansas, State University of New York, United States, San Diego, Medina

☆ AMD's AI head explains how it's tackling Nvidia's 'lock-in' and the AI chip shortage
▼ + stars: | 2024-07-17 | by ( Helen Li | ) www.businessinsider.com time to read: +1 min

An AMD executive said the firm embraces open source to tackle GPU shortages and challenge Nvidia. Nvidia controls over 70% of the AI chip market, leveraging its closed CUDA software. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAn AMD executive said his company is taking an open-source approach as it challenges Nvidia in the chip wars.

Persons: —, Ramine Roane Organizations: AMD, Nvidia, Meta, Microsoft, Service, Momentum, Mizuho Securities, Google, Business Locations: San Jose , California

☆ Work from home could lead to more homes in vacant offices
▼ + stars: | 2024-07-17 | by ( Samantha Delouya | ) edition.cnn.com time to read: +7 min

At first glance, The Crosby, an apartment building that opened in 2020 in Los Angeles’ Koreatown neighborhood, seems like a typical luxury high-rise. And most office buildings have central air conditioning, so the system needs to be replaced with individual cooling and heating systems for each unit. “Only about 15% of office buildings here in the markets that we’re based in are potentially good candidates for office-to-housing conversions,” Sherman said. While that may initially seem like a positive, apartment units need to have access to windows facing the exterior. Local governments aren’t only pushing for office building conversions, though.

Persons: CBRE, Crosby, West, ”, Jaime Lee, “, we’ve, ” Lee, Chris Sherman, ” Sherman, Sherman, you’re, Jason Ward, Ward, Eric Adams, John Watson, ” Watson, Watson, Kelly Wilkinson Organizations: CNN, Moody’s, Texaco, Jamison Group, ”, Jamison, Sherman Associates, “, Local, RAND, Housing, Homelessness, New York City, Pfizer, Indianapolis Star Locations: United States, Los Angeles, Koreatown, West Coast, Minneapolis, New York, New, Indianapolis, “, Indiana University's

☆ Morgan Stanley hikes price targets for Asian stocks it says will benefit from greater iPhone demand
▼ + stars: | 2024-07-17 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Increased shipments of Apple's iPhones will be a key "volume driver" for the supply chain, according to Morgan Stanley. But the situation is set to change, with Apple Intelligence predicted to be a "key iPhone replacement driver." It raised its price targets for several stocks in the Apple supply chain. Largan reported first-quarter revenue that was below expectations but Morgan Stanley believes that was the trough. Morgan Stanley said Genius has a "good chance" of making a breakthrough in the periscope high-end lens segment in the second half of this year.

Persons: Morgan Stanley, Hon Hai, Hai, Luxshare's, Max, Morgan, Largan, Genius, CNBC's Michael Bloom Organizations: Apple Intelligence, Apple, Max, AAC Locations: Asia, Taiwan, India, Zhengzhou, China

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