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☆ I made $20,000 in 5 months by renting out extra apartments in my Sacramento backyard
▼ + stars: | 2024-05-02 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +6 min

My wife and I live in a century-old home in Sacramento, but also own 13 investment properties spread throughout Texas and California. In 2004, we bought a $300,000 investment property, a duplex in Midtown Sacramento, which we rent out. AdvertisementLast year, I built two cottages on the duplex's lot and began renting them out as ADUs. After several months of collaboration with the company's design team, we submitted an application to the city of Sacramento. AdvertisementWith Sacramento allowing up to 1,200 square feet per ADU, I chose to build two 600-square-foot cottages on the lot.

Persons: —, George Warren, I've, Warren's ADU, Kevin Craig, ADUs, they're, it's, Warren Organizations: Service, Business, Tiny Homes, YouTube, Sacramento State University Locations: Sacramento, Texas, California, Midtown Sacramento, Warren, it's, ADUs, Warren's, Atlanta

☆ Carvana shares spike 30% as used car retailer posts record first quarter
▼ + stars: | 2024-05-01 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Vehicles are seen on display at a Carvana dealership in Austin, Texas, on Feb. 20, 2023. Shares of Carvana popped more than 30% during after-hours trading Wednesday after the automaker reported record quarterly results and turned a profit during the first quarter. It also posted an all-time-best adjusted earnings before interest, taxes, depreciation and amortization of $235 million, up from a $24 million loss a year earlier. Carvana's adjusted profit margin for the quarter was 7.7%. They had climbed roughly 67% so far this year before the company reported its first-quarter results.

Persons: Carvana, Ernie Garcia III, Garcia, Mark Jenkins Organizations: Wednesday Locations: Austin , Texas

☆ Huawei’s comeback gathers pace as quarterly profit surges
▼ + stars: | 2024-05-01 | by ( ) edition.cnn.com time to read: +2 min

Beijing Reuters —Huawei Technologies’s net profit leapt 564% to 19.65 billion yuan ($2.71 billion) in the first quarter, a regulatory filing by its parent company showed on Tuesday, as it continues to recover from US sanctions. Huawei’s revenue for the quarter to the end of March rose 37% to 178.5 billion yuan, the filing to China’s National Interbank Funding Center showed. It did not break down how business units, such as consumer and smart car components, performed. Apple’s share in the world’s biggest smartphone market fell to 15.7% in the first quarter from 19.7% a year earlier. It has become a force in smart car technology too, with its driver assistance system touted by at least seven Chinese automakers at the Beijing auto show.

Persons: “ digitalization, decarbonization ”, Counterpoint Organizations: Beijing Reuters, Huawei, Apple Locations: Beijing

☆ 2024’s safest sunscreens for summer and year-round
▼ + stars: | 2024-05-01 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +10 min

The annual report provides a database of products by brand and type, while also breaking them down into the top recreational sunscreens, the best daily SPF (sun protection factor) and the safest sunscreens for babies and children. Many of the safest choices will be mineral-based instead of chemical-based sunscreens, said Emily Spilman, EWG’s healthy living science program manager. Mineral sunscreens work by physically deflecting and blocking the sun’s rays, as opposed to sunscreens with chemicals that absorb UV rays and release heat as they break down. In 2019, oxybenzone was an ingredient in 60% of all sunscreen products tested by EWG, dropping to 30% in 2022. By 2023 and again in 2024, the chemical was used in only 6% of tested products, which included sunscreens and daily moisturizers and lip balms with sunscreen protection.

Persons: Brianna Starr, Alicia, ” Brianna, we’d, “, ”, Brianna, Rajesh Nair, ” Nair, Emily Spilman, ” Spilman, It’s, “ It’s, Bill Clinton, padimate, Homer Swei, EWG’s, ” Swei, oxybenzone, Len Lichtenfeld, Lichtenfeld, ” Lichtenfeld Organizations: CNN, Orlando Health Cancer, Orlando Health Cancer Institute, Twitter, FDA, US Food and Drug Administration, Care Products Council, U.S . Food, Drug Administration, oxybenzone, American Cancer Society Locations: Kansas, TikTok, Orlando , Florida, Japan, Europe, U.S, Australia

☆ Google lays off hundreds of 'Core' employees, moves some positions to India and Mexico
▼ + stars: | 2024-05-01 | by ( Jennifer Elias | ) www.cnbc.com time to read: +2 min

Just ahead of its blowout first-quarter earnings report on April 25, Google laid off at least 200 employees from its "Core" teams, in a reorganization that will include moving some roles to India and Mexico, CNBC has learned. The Core unit is responsible for building the technical foundation behind the company's flagship products and for protecting users' online safety, according to Google's website. Core teams include key technical units from information technology, its Python developer team, technical infrastructure, security foundation, app platforms, core developers, and various engineering roles. Many Core teams will hire corresponding roles in Mexico and India, according to internal documents viewed by CNBC. Asim Husain, vice president of Google Developer Ecosystem, announced news of the layoffs to his team in an email last week.

Persons: Sundar Pichai, Asim Husain, Husain, Ruth Porat, Prabhakar Raghavan Organizations: Inc, Government, Society, Google, CNBC, Mexico City, U.S Locations: Stanford , California, India, Mexico, Sunnyvale , California, Bangalore, Brazil

☆ Nvidia-backed GPU cloud provider CoreWeave surges to $19 billion valuation
▼ + stars: | 2024-05-01 | by ( Jordan Novet | ) www.cnbc.com time to read: +1 min

Nvidia-backed startup Coreweave is based in Roseland, New Jersey, with 160 employees. CoreWeave, a cloud infrastructure startup that rents out graphics processing units to companies, said Wednesday that it has raised $1.1 billion in funding. The new investment values the company at $19 billion, up from $7 billion months ago, a person familiar with the matter said. And during its earnings call on April 25, Microsoft said the company wasn't able to meet demand for AI cloud services. For now, CoreWeave only has three regions of data center infrastructure, all in the U.S.

Organizations: Nvidia, Computer, Microsoft, CNBC, Fidelity, Lykos Global Management, Amazon, Google Locations: Roseland , New Jersey, New Jersey, Paris, U.S

☆ Super Micro plummets 15% after posting revenue miss
▼ + stars: | 2024-05-01 | by ( Alex Koller | ) www.cnbc.com time to read: +2 min

The Super Micro Computer logo is seen on a smartphone screen. Super Micro Computer shares plunged 15% on Wednesday after the server company upped its top-line guidance but reported third-quarter revenue that slightly missed estimates. Super Micro hiked its fiscal 2024 revenue forecast to between $14.7 billion and $15.1 billion, exceeding the $14.6 billion expected, per LSEG. Super Micro joined the S&P 500 in March. Also on Tuesday, Wells Fargo analysts, maintaining an equal weight rating on Super Micro stock, dropped their price target from $960 to $890.

Persons: Wells, SMCI, — CNBC's Michael Bloom Organizations: Micro Computer, LSEG, Micro, Dell, Hewlett Packard Enterprise, Nvidia, Bank of America, JPMorgan, Barclays

☆ How to make your home hurricane resistant, as scientists predict an 'extremely active' storm season
▼ + stars: | 2024-05-01 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +11 min

In this article Follow your favorite stocks CREATE FREE ACCOUNTRyersonclark | E+ | Getty ImagesMaking your home hurricane resistant can be a significant financial undertaking. In 2024, the national average cost to upgrade an entire house with hurricane windows runs between $1,128 and $10,293, or $100 and $500 per window, including installation, according to This Old House. Hurricane resistance is about preventing 'pressurization'Hurricanes are different and unpredictable storms, said Jeff Ostrowski, a housing analyst at Bankrate. If installing new hurricane windows aren't in the budget, shutters are lower-cost options to protect windows and other openings, said Chapman-Henderson. Talk to your insurer about possible discounts Strengthening your home against disasters may help lower your insurance cost.

Persons: Phil Klotzbach, Jeff Ostrowski, Leslie Chapman, Henderson, Jennifer Languell, Chapman, Kin, Melissa Cohn, William Raveis, Bankrate's Ostrowski, Ostrowski, Loretta Worters, Worters, Languell Organizations: Massachusetts Institute of Technology, Hurricanes, National Oceanic, Fluid Dynamics, Climate, Energy Solutions, Swiss, Finance, Colorado State University, Department of Atmospheric, Federal Alliance, Safe, Safe Homes, Department of Energy, Trifecta, William Raveis Mortgage, Insurance, Institute, Homeowners Locations: windstorms, U.S, Florida, In Florida, Alabama, Louisiana, dsireusa.org

☆ Federal prosecutors are examining financial transactions at Block, owner of Cash App and Square
▼ + stars: | 2024-05-01 | by ( Gretchen Morgenson | ) www.cnbc.com time to read: +13 min

Cash App, introduced in 2013, allows users to send and receive money instantaneously among themselves and to buy stocks and Bitcoin. As of December, Cash App had 56 million active transacting accounts and $248 billion in inflows during the previous four quarters, the company said. (Merchants are considered customers at Square, while users are considered customers at Cash App.) Cash App is not a bank, but it uses external banking partners to conduct various services. On March 29, Sutton Bank settled a consent order with the Federal Deposit Insurance Corp. that echoed the whistleblowers' allegations.

Persons: Jack Dorsey, Block, Venezuela —, Edward Siedle, Prosecutors, Cash, OFAC, Lawrence Summers, Sharon Rothstein, Summers, Rothstein, Lord Paul Deighton, Goldman Sachs, Deighton, Dorsey, Banks, Sutton, James Booker Organizations: Twitter, Southern, of, NBC, NBC News, Securities and Exchange Commission, Block, Foreign Assets Control, U.S . Treasury, Cash, OFAC, Goldman, Financial Market, Bank of Lithuania, Payments Lithuania UAB, PayPal, Consumer Finance Protection Bureau, Sutton Bank, Federal Deposit Insurance Corp, FDIC Locations: of New York, Cuba, Iran, Russia, Venezuela, Ohio, Sutton

☆ Morgan Stanley's new wealth boss Jed Finn shares his playbook from playing matchmaker with E-Trade clients to getting advisors to teach each other how to use AI
▼ + stars: | 2024-05-01 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +9 min

AdvertisementThe units are combining their outsourced investment services for ultra-high-net-worth wealth clients and institutional customers. The wealth management arm is there to help them pay less taxes on their windfall and manage their fortune. That said, Morgan Stanley has drawn the line in the past at some offerings like health savings accounts. AdvertisementFor Finn, those offerings are a means to an end: converting as many of these clients as possible to become fee-paying wealth management clients. The revenue and margins of the workplace channel and E-Trade, which Morgan Stanley acquired for $13 billion in 2020, are "irrelevant," he said.

Persons: —, Morgan, Jed Finn doesn't, Finn, Andy Saperstein, James Gorman's, Saperstein, Jacques Chappuis, Ben Huneke, Andy Saperstein's, Larry Lettera, Wagner, multibillion, Morgan Stanley, Finn isn't, We're, Jeff McMillan Organizations: Service, McKinsey, bank's, Business, Wall Street, Solium, OpenAI, AIMS

☆ Amazon's Prime orders are getting delivered faster and faster
▼ + stars: | 2024-04-30 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Amazon said it delivered to its Prime members faster than ever in the first quarter of 2024. Its drivers delivered over 2 billion items "the same or next day" in Q1, the company reported. AdvertisementIf it seems like that Amazon Prime package you ordered showed up on your doorstep sooner than expected, it's probably not just your imagination. Major cities outside of the US, like London, Tokyo, and Toronto, saw three out of four of their items delivered in the same window. Prime members are now being offered free delivery on grocery orders over $35 from stores like Whole Foods, Amazon Fresh, and more.

Persons: —, it's, Blake Droesch, Droesch Organizations: Service, Amazon, Business, titans Locations: London, Tokyo, Toronto

☆ HSBC CEO announces surprise retirement
▼ + stars: | 2024-04-30 | by ( ) edition.cnn.com time to read: +3 min

Hong Kong — HSBC has announced its chief executive Noel Quinn will retire — a surprise departure by its hard-nosed leader of five years who has overseen a sweeping series of asset sales across the globe. “We do hope that the next CEO would lay out more plans, execution-wise, to further increase the bank’s businesses in Asian countries,” he added. “I’ve held intensive leadership roles since I took on a commercial bank role in October 2008, so I’m personally ready for a change,” Quinn told reporters on a call. HSBC also faced criticism in recent years from Western lawmakers over its dealings with China amid growing geopolitical tensions. The London-headquartered bank also announced $3 billion worth of share buybacks on top of $2 billion in share purchases announced in February.

Persons: Noel Quinn, —, Georges Elhedery, Quinn, ”, Simon Yuen, “ I’ve, I’m, ” Quinn, “ It’s, Mark Tucker, “, ” Tucker, China’s Organizations: HSBC, HSBC’s, Management, China’s Ping An Insurance Locations: Hong Kong, Asia, United States, France, Argentina, Canada, Europe, China, The London

☆ US home prices rose in February at the fastest pace in more than a year
▼ + stars: | 2024-04-30 | by ( Bryan Mena | ) edition.cnn.com time to read: +2 min

Washington CNN —US home-price growth accelerated in February at the fastest annual pace since November 2022, a sign that America’s housing market remains tough amid elevated mortgage rates. Of the 20 cities, San Diego saw the biggest increase in home prices in February, a steep 11.4% rise, followed by Chicago and Detroit. America’s housing market began to recover in the beginning the year as home sales surged from decades-lows in the fall and homebuilders began to feel to more upbeat about the economy. Mortgage rates have followed suit, since they track the 10-year yield. Economists don’t expect mortgage rates to drop meaningfully this year, and they could continue to climb if inflation remains stuck.

Persons: homebuilders, Freddie Mac Organizations: Washington CNN, Federal Reserve, National Association of Realtors, Treasury Locations: San Diego, Chicago, Detroit, Portland , Oregon

☆ Super Micro pushes up full-year revenue forecast as it points to strong AI demand
▼ + stars: | 2024-04-30 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Lisa Su, chair and CEO of Advanced Micro Devices, left, and Charles Liang, CEO of Super Micro Computer, speak at the AMD Advancing AI event in San Jose, California, on Dec. 6, 2023. Notwithstanding the after-hours move, Super Micro stock is up 205% so far this year, while the S&P 500 stock index has gained 6%. If not for a key component shortage, Super Micro would have delivered more during the quarter, Liang said on a conference call with analysts. In March, Super Micro took the place of Whirlpool in the S&P 500. Reddit, GameStop and Super Micro surge

Persons: Lisa Su, Charles Liang, LSEG, Liang Organizations: Devices, Super Micro Computer, AMD, Super, Hewlett Packard Enterprise, Super Micro, Whirlpool, GameStop Locations: San Jose , California

☆ Cyberattack on UnitedHealth firm forces doctors to dig into personal savings to stay afloat
▼ + stars: | 2024-04-30 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +19 min

Change Healthcare offers payment and revenue cycle management tools, and other solutions such as electronic prescription software. On Feb. 21, UnitedHealth Group , which owns Change Healthcare, discovered that hackers compromised part of the unit's information technology systems. UnitedHealth told CNBC earlier this month that there is "no evidence of any new cyber incident at Change Healthcare." It's just one of the ways Change Healthcare touches cash flow within the health-care sector. A controversial mergerSheldon Cooper | Sopa Images | Lightrocket | Getty ImagesUnitedHealth's ownership of Change Healthcare has raised eyebrows from the outset.

Persons: Omar Marques, Dr, Angeli Maun Akey, Akey, she's, UnitedHealth, I've, Andrew, Mike Bradley, Barbara McAneny, McAneny, Sarah Carlson, Carlson, Sheldon Cooper, Optum, Michael Nagle, Tyler Kisling, Kisling, he's, There's, it's, Purvi, Parikh hadn't, they've, Amit Phull, Phull, Igor Golovniov Organizations: Lightrocket, CNBC, Healthcare, UnitedHealth, U.S . Securities, Exchange Commission, Change, Inc, Bloomberg, Getty, U.S, American Medical Association, AMA, U.S . Department of Justice, DOJ, U.S . Department of Health, Human Services, Wall Street, New York Stock Exchange, Change Healthcare Locations: Gainesville , Florida, U.S, Minnetonka , Minnesota, UnitedHealth's, New Mexico, Boulder , Colorado, California, New York City, UnitedHealth

☆ Tuesday's analyst calls: Nvidia to get a boost from new chip, Ralph Lauren poised to jump
▼ + stars: | 2024-04-30 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +9 min

Tuesday's analyst calls focused on red-hot tech giant Nvidia, which is seen as benefitting from the release of its new Blackwell chip, the GB200. 7:02 a.m.: Deutsche Bank sees 33% upside for Live Nation on strong fundamentals Strong fundamentals could spell further upside for shares of Live Nation Entertainment , according to Deutsche Bank. Soff also applauded the company for expanding into new add-on services, including providing upselling opportunities and selling advertising on the Live Nation app. Although a potential regulatory investigation could curtail the stock, Soff doesn't believe that Live Nation stock will ultimately take much damage. 6:03 a.m.: Jefferies initiates Ralph Lauren at a buy, sees momentum with younger consumers Ralph Lauren is shaping up to be a quality growth stock, according to Jefferies.

Persons: Blackwell, Jefferies, Ralph Lauren, Benjamin Soff's, Soff, shouldn't, — Lisa Kailai Han, Airbnb, James Lee, Lee's, headwinds, Brent Thrill, Ashley Helgans, Ralph Lauren's, Helgans, Taylor Swift, Timothy Acuri, Acuri, Hopper, — Lisa Kailai Han — CNBC's Michael Bloom Organizations: CNBC, Nvidia, UBS, Deutsche Bank, Nation, Live Nation Entertainment, Mizuho, Paris, tailwinds, Paris Olympics, Chegg, Blackwell, Microsoft, Oracle Locations: Europe

☆ Hong Kong stocks are back from the dead. Here’s why
▼ + stars: | 2024-04-30 | by ( Laura He | ) edition.cnn.com time to read: +6 min

Hong Kong CNN —Hong Kong’s benchmark Hang Seng Index surged more than 7% in April as the best-performing major index in the world. The valuation of Hong Kong stocks has also become more “compelling” relative to the rest of the Asian region after the pullback last year, said Zhikai Chen, head of Asian equities at BNP Paribas Asset Management. He added that there is a shift in investors’ sentiments as Chinese economic data turned more positive. Innes said global investors are currently “underweight” in Chinese markets, including Hong Kong, because of geopolitical tensions and concerns surrounding potential fallout from the upcoming US elections. Stock exchange data showed that southbound investors (meaning investment from mainland China into Hong Kong) have bought nearly $20 billion of Hong Kong-listed stocks in March and the first three weeks of April on a net basis.

Persons: ”, Kelly Chung, Zhikai Chen, Stephen Innes, David Chao, Nomura, Xiaomei Chen, Angelina Lai, Innes, Kong, BNP Paribus Organizations: Hong Kong CNN, Hong, Value Partners, BNP, Management, P Global, PMI, Kong's, Reuters, US, People’s Bank of, HK, “ Locations: China, Hong Kong, United States, Beijing, India, James’s, People’s Bank of China

☆ I left my VP role at 25 to build a startup. Leaving security and a steady paycheck behind was hard, but I have no regrets.
▼ + stars: | 2024-04-30 | by ( Perri Ormont Blumberg | ) www.businessinsider.com time to read: +5 min

Timothy Gamble left his VP role at Walker & Dunlop to cofound HelloData.ai in 2022. I gathered and normalized real-estate data, but my role quickly expanded, and I was soon in charge of the data infrastructure that processed billions of real-estate data points daily. Related storiesNico left W&D one year before me, but we kept in touch. When I left W&D, we decided it made sense to start a real-estate AI company since we both had an entrepreneurial spirit, strong engineering backgrounds, and real-estate domain expertise. Deciding to leave my VP role was scary but the fear of complacency and the prospect of looking back with regret for not pursuing my passions were far greater motivators.

Persons: Timothy Gamble, Dunlop, cofound, Gamble, —, It's, Enodo, might've, Nico Lassaux, Marc Rutzen, Nico, Marc, cofounding, you'll, we're, I've Organizations: Walker, Service Locations: Washington ,, HelloData.ai, Enodo

☆ Volkswagen’s electric car orders double in Europe
▼ + stars: | 2024-04-30 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —Volkswagen’s orders for electric vehicles shot up in Europe in the first quarter of 2024 compared with a year ago, countering suggestions that drivers may be losing interest in EVs. New orders for electric cars more than doubled in Europe, Volkswagen said in an earnings statement Tuesday. He acknowledged, however, that the pace of EV sales growth in Europe and the United States had been slower than the German carmaker had originally anticipated. As for Volkswagen’s EV deliveries, they declined 16% in Europe in the first quarter compared with the same period in 2023. “With these actions and our highly profitable combustion engine car business, we are well-prepared to continue to play a leading role in China,” Antlitz said.

Persons: London CNN —, Arno Antlitz, carmaker, ”, Antlitz, ” Antlitz Organizations: London CNN, Volkswagen, Europe’s, CNN, EV, ” Locations: Europe, EVs ., United States, China

☆ China's plan to be the dominant power in space is moving at breathtaking speed. The US needs to wake up, officials say.
▼ + stars: | 2024-04-30 | by ( Tom Porter | ) www.businessinsider.com time to read: +7 min

Read previewAfter a meeting with Japanese and South Korean officials in Tokyo on Friday, US Space Force commander Gen. Stephen Whiting warned about a growing threat. China, he said, is "moving at breathtaking speed in space," and is developing a range of weapons that threaten America's space supremacy, reported Stars and Stripes. "For the first time in decades, US leadership in space and space technology is being challenged," Meink added. Chance Saltzman, Chief of Space Operations at United States Space Force, last year warned against taking US space supremacy for granted. Air Force Lieutenant General Gregory Guillot (L) and US Space Force Lieutenant General Stephen Whiting (R) on July 26, 2023.

Persons: —, Stephen Whiting, They're, Troy Meink, Space.com, Meink, Chance Saltzman, I'm, Saltzman, Whiting, Dominic Chiu, Gregory Guillot, BRENDAN SMIALOWSKI, Donald Trump, Chiu, Artemis, Frank Lucas, Anthony Mastalir, Graeme Thompson, Thompson, Tory Bruno, Arthur Herman, John F, Kennedy, Ronald Reagan, we've Organizations: Service, Korean, Space Force, Business, National Reconnaissance Office, Space Operations, United States Space Force, Eurasia Group, Air Force, US Space Force, House Science, Technology Committee, Brig, US Space Forces, Pentagon, United Launch Alliance, NBC News, Hudson Institute Locations: Tokyo, China, Colorado, Australia, Russia

☆ We're raising our Amazon price target, betting light guidance proves conservative
▼ + stars: | 2024-04-30 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Amazon Why we own it : Amazon may be widely known for online shopping, but its cloud business is the real breadwinner. While an International e-commerce sales increase of 10% to $31.94 billion missed estimates, the segment saw $903 million in operating income. Guidance Amazon expects second-quarter net sales to be between $144 billion to $149 billion, growing 7% to 11% year over year. However, thanks to disciplined cost management, operating income guidance is expected to come in much closer to the mark at $10 billion to $14 billion versus $12.73 billion expected. The midpoint of the sales and operating income estimates point to an operating margin target of 8.2%, which compares with an 8.5% estimate for the second quarter.

Persons: it's, Andy Jassy, Jassy, we're, That's, Jim Cramer's, Jim Cramer, Jim, CNBC's Andrew Ross Sorkin Organizations: Amazon, LSEG, Walmart, Target, Microsoft, Services, Web Services, CNBC Locations: Amazon, America, North America

☆ Only 24 albums in history have sold 1 million copies in a single week — here they all are
▼ + stars: | 2024-04-29 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: 1 min

"The Bodyguard: Original Soundtrack Album" by Whitney Houston and various artists"The Bodyguard" soundtrack was released on November 17, 1992. Arista Records"The Bodyguard" soundtrack — co-executive produced by Clive Davis and Whitney Houston, who starred in the film — became the first album verified by Nielsen to move more than 1 million units in the US in a single week. According to Billboard, the album sold 1,061,000 copies in the week ending January 3, 1993, six weeks after its release. It has since sold more than 12 million copies in the US and remains the best-selling soundtrack of all time.

Persons: Whitney Houston, Clive Davis, —, Nielsen Organizations: Arista Records, Billboard

☆ Exhausted Ukrainian soldiers need more troops on the front line, not just more artillery, says former US general
▼ + stars: | 2024-04-29 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Related storiesUkraine has long faced problems recruiting enough troops to renew its military, exhausted and badly depleted after more than two years of brutal war with Russia. AdvertisementAccording to reports, units on the front line are seriously overstretched, and troops have to fight for weeks in some cases before they are rotated away from the front line to recuperate. "Truthfully, and I know some of my artillery brethren would chide me for this, but artillery and long-range systems do not win war," he said. Ukraine has not been able to do that to the extent they need to with some of the terrains they've lost to Russia."

Persons: —, Mark Herlting, Hertling, Valerii Zaluzhnyi, Volodymyr Zelenskyy Organizations: Service, CNN, Business, US Army Locations: Ukraine, Russia, Europe

☆ US determines 5 Israeli security units committed human rights violations before outbreak of Gaza war
▼ + stars: | 2024-04-29 | by ( Jennifer Hansler | ) edition.cnn.com time to read: +3 min

CNN —The US State Department has determined that five Israeli security units committed gross violations of human rights prior to the outbreak of the war with Hamas in Gaza, but is still deciding whether to restrict military assistance to one of the units under US law. The other four “have effectively remediated these violations,” deputy State Department spokesperson Vedant Patel said Monday. The US is still deciding whether to restrict assistance to the remaining unit – reported to be the ultra-Orthodox Netzah Yehuda battalion. They have submitted additional information as it pertains to that unit, and we’re continuing to have those conversations,” Patel said. Patel also declined to detail the units or speak about specifics of the remediation process.

Persons: Vedant Patel, Netzah Yehuda, ” Patel, they’ve, ”, Antony Blinken, Leahy, Patel, Israel, “, Benjamin Netanyahu Organizations: CNN, US State Department, Government, Leahy Law, State Locations: Gaza, Israel, United States

☆ Inflation Is Stubborn. Is the Federal Budget Deficit Making It Worse?
▼ + stars: | 2024-04-29 | by ( Jim Tankersley | ) www.nytimes.com time to read: +1 min

A crucial question is hanging over the American economy and the fall presidential election: Why are consumer prices still growing uncomfortably fast, even after a sustained campaign by the Federal Reserve to slow the economy by raising interest rates? Some are essentially quirks of the current economic moment, like a delayed, post-pandemic surge in the cost of home and auto insurance. Others are long-running structural issues, like a lack of affordable housing that has pushed up rents in big cities like New York as would-be tenants compete for units. That borrowing is a result of a federal budget deficit that has been elevated by tax cuts and spending increases. It is helping to fuel demand for goods and services by channeling money to companies and people who then go out and spend it.

Organizations: Federal Reserve, International Monetary Fund Locations: New York

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