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☆ Trump rushed off stage by Secret Service at rally, now at medical facility
▼ + stars: | 2024-07-13 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

(Photo by Anna Moneymaker/Getty Images)Former President Donald Trump was rushed off stage by the Secret Service at a Pennsylvania rally on Saturday after loud cracking noises were heard. The Secret Service later said Trump was safe, and Trump's campaign said he was at a "local medical facility." "The Secret Service has implemented protective measures and the former President is safe," Secret Service spokesman Anthony Guglielmi said in a social media post. "This is now an active Secret Service investigation and further information will be released when available." Steven Cheung, the Trump campaign's communications director, said "President Trump thanks law enforcement and first responders for their quick action during this heinous act.

Persons: Donald Trump, Anna Moneymaker, Trump, Anthony Guglielmi, Steven Cheung, Joe Biden Organizations: Secret Service, Service, Trump, White, NBC Locations: Butler , Pennsylvania

☆ My son dropped out of high school to teach himself and later decided against college. I supported him every step of the way.
▼ + stars: | 2024-07-13 | by ( Rachel Clark | ) www.businessinsider.com time to read: +5 min

Read previewA few weeks before he turned 16, my older son pitched us a plan to leave high school on his upcoming birthday. So, I wasn't surprised when my son told me he wanted to drop out of high school to teach himself. AdvertisementOne day, I took them for a trial run at a K-8 Expeditionary Learning school that had recently formed in our small town. Related storiesPerhaps it was inevitable, then, that my older son felt increasingly hemmed in by his year-and-a-half at a public high school. Between 16 and 18, he began contracting as a filmmaker with the K-8 EL school he'd once attended.

Persons: —, I'd, he'd, He'd, We'd, who'd, He's, I've, he's, Rachel Clark Organizations: Service, Business, Kahn Academy, Newsweek, Salon, Today Locations: Idaho, Iceland, Canada, Mexico, United Kingdom, Europe, It's, www.rachelclarkauthor.com

☆ Former President Donald Trump injured after shots fired at rally, campaign says will be 'fine'
▼ + stars: | 2024-07-13 | by ( ) www.cnbc.com time to read: 1 min

WARNING: Graphic FootageFormer Pres. Trump could be seen on video contracting his body to the right, clutching his ear and dropping to the ground. What appeared to be blood could be seen on the former president's right ear. "He is fine and is being checked out at a local medical facility," Trump's campaign spokesman said in a statement.

Persons: Trump

☆ Ellen DeGeneres said she's 'done' with fame after her upcoming Netflix special. Here's a complete timeline of the backlash she's faced since 2020.
▼ + stars: | 2024-07-12 | by ( Olivia Singh | ) www.businessinsider.com time to read: +32 min

Read previewThe talk show host Ellen DeGeneres has long been considered a beloved celebrity for her friendly and funny public demeanor. "Maybe I'm being naive, but I expected them to welcome me with confetti: Welcome to 'The Ellen DeGeneres Show'!" Next thing we know, we literally hear Steve Jobs pick up and say, 'Hi, Ellen' … Ellen told him the iPhone should have a bigger font," the producer said. I have been getting calls asking me about the Ellen Degeneres Show and I would like to address the time I spent there. AdvertisementPaytas appeared on "The Ellen DeGeneres Show" in 2010 when she was 22 years old to showcase her speed-reading talent during an audience talent segment.

Persons: —, Ellen DeGeneres, Nikkie de Jager, DeGeneres, NikkieTutorials, vlogger, de Jager, hadn't, van, Sebastian Williams, van Nieuwkerk, YouTuber, De Jager, Pop Crave, Ellen, Jonas, Kevin T, Porter crowdsourced, you've, Portia de Rossi, wouldn't, didn't, X weren't, I've, Kevin Winter, Stagehands, Jimmy Kimmel, John Oliver, Samantha Bee, Ellen DeGeneres's, Jordan Strauss, Tom Majercak, Majercak, de Rossi, Steve Granitz, Steve Jobs, Jobs, Jane Lynch's, Katy Perry, Chris Pizzello, Ellen Show, Neil Breen, Breen, Richard Wilkins, she'll, Richard, you'll, Neil, She'll, I'd, I'm, Raymond, Brad Garrett, Garrett, Lea Thompson, Scooter Braun, Kevin Mazur, Braun, Justin Bieber, Ariana Grande, Andy Lassner, James Corden, Corden, Hedda Muskat, Joshua Blanchard, Patrick McMullan, Ed Glavin, Mary Connelly, Muskat, Glavin, Ed, Tony Okungbowa, Okungbowa, Ellen Degeneres, Tony okungbowa, Dakota Johnson, Johnson's, Johnson, that's, Craig, Trisha Paytas, Christopher Polk, YouTuber Trisha Paytas, H3H3, Ethan Klein, Paytas, Ashton Kutcher, Kutcher, De Rossi, Ryan Phillippe, haven't, Jim Spellman, WireImage, Thompson, Phillippe, Jennifer Aniston, Billie Eilish, Greyson Chance, Gaga's, Chance, Stone, she'd, Rolling Stone, would've, It's, Tasos Katopodis, SFGate, Libby Torres Organizations: Service, Business, C Magazine, YouTube, Los Angeles Regional Food Bank, Variety, Warner Bros, Television, ABC, Fox News, New York Post, New York, Producers, AP, BuzzFeed, The Hollywood, British, Twitter, Sun, NBC, Getty, CDC, Centers, Disease Control, West Hollywood, Netflix Locations: Dutch, California, Australian, Melbourne, Dakota, West

☆ How to get a job at Apple, according to tech career experts
▼ + stars: | 2024-07-12 | by ( Jordan Hart | ) www.businessinsider.com time to read: +6 min

So, what can set you apart from a sea of Apple candidates? We asked an Apple employee and four tech career experts and recruiters. The interview process at Apple is "generally straightforward," Theresa Park, a former creative recruiter at the company, said. Related storiesOne Reddit user said that during a monthlong interview process as a software engineering candidate, he was asked to design a vending machine. According to posts on the anonymous employee forum Blind, some Apple recruiters might even disclose the exact questions that will be asked in an interview.

Persons: —, Apple, Dan Ives, Marc Cenedella, Daniel Harten, Harten, Theresa Park, Glassdoor, Tim Cook, Cook, Leander Kahney, Greg Joswiak, Apple's, Kahney, Arianny Mercedes, Park, they've, Cenedella, Apple didn't Organizations: Service, Apple, Apple Intelligence, Business, Big Tech, American Express Locations: tooting, Munich

☆ Here's the inflation breakdown for June 2024 — in one chart
▼ + stars: | 2024-07-11 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

They also generally like to examine "core" inflation readings. The monthly core CPI reading was 0.1% in June, the smallest increase in about three years, since August 2021. Shelter inflation has moderated much slower than expected, one of the big reasons inflation hasn't yet fallen back to target, economists said. There were encouraging signals in the latest CPI report: Monthly shelter inflation dropped to 0.2% after being stuck at 0.4% for four consecutive months. Services inflation is the trouble spotInflation for physical goods spiked as the U.S. economy reopened in 2021.

Persons: David Paul Morris, Mark Zandi, Zandi, Sarah House, Aubrey George, George, Joe Seydl, Olivia Cross Organizations: Bloomberg, Getty, U.S . Labor Department, Moody's, Wells, Wells Fargo Economics, U.S . Federal Reserve, CPI, Housing, of Labor Statistics, Morgan Private Bank, Capital Economics, BLS Locations: U.S, Wells Fargo, North America

☆ Jeff Bridges says he's 'feeling great' 3 years after contracting COVID while undergoing chemotherapy
▼ + stars: | 2024-07-11 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +1 min

Jeff Bridges says that he's "feeling great now," three years after his cancer went into remission. He stars in the second season of "The Old Man" on FX, opposite John Lithgow. AdvertisementJeff Bridges is more than ready to go ahead with the season two premiere of his FX series "The Old Man," three years after he contracted COVID-19 while undergoing chemotherapy. Bridges appeared on Wednesday at the Television Critics Association summer press tour alongside his "Old Man" costar John Lithgow and executive producers Jonathan Steinberg, Dan Shotz, and Warren Littlefield. Bridges spoke about the show's upcoming second season and gave an update on his health.

Persons: Jeff Bridges, Bridges, COVID, John Lithgow, —, Jonathan Steinberg, Dan Shotz, Warren Littlefield Organizations: Service, Television, Association, Business

☆ CNN chief Mark Thompson announces sweeping overhaul of news network, cuts 100 jobs
▼ + stars: | 2024-07-10 | by ( Oliver Darcy | ) edition.cnn.com time to read: +7 min

CNN —Mark Thompson, the CNN chief executive appointed last year to modernize the news network, unveiled a set of sweeping changes to the iconic outlet Wednesday, announcing plans to build a billion-dollar digital business, experiment with artificial intelligence and overhaul key newsroom structures. Mark Thompson officially started on October 9 as CNN's chief executive and chairman and will also act as the network's editor-in-chief. Thompson, who is widely credited for revitalizing The Times, was appointed CNN chief executive last summer, after Licht’s tumultuous run in the job. Since then, Thompson has spoken consistently about the need to transform CNN’s business but has largely avoided offering specifics. Whether Thompson can successfully create a billion-dollar digital news business at CNN remains to be seen.

Persons: Mark Thompson, Thompson, ”, Art Streiber, ” Thompson, “, CNN Max, Max, Ted Turner, CNN’s, Charlie Moore, “ Anderson Cooper, Jeff Zucker, Chris Licht, Zucker, Licht Organizations: CNN, Netflix, Warner Bros, Discovery, Inc, Warner Bros ., The New York Times, The Times Locations: CNN’s Hong Kong, London, Los Angeles

☆ The Chinese economy is so bad, even Chinese people can't be enticed into buying dirt-cheap mega-sale items
▼ + stars: | 2024-07-09 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

Chinese e-commerce giants try to lure in customers with attractive salesHistorically, e-commerce has accounted for a hefty chunk of China's retail spending. AdvertisementIn 2023, online retail sales nationwide reached $2.12 trillion, accounting for 27.6% of the total retail sales of consumer goods in the country, according to the National Bureau of Statistics. China's youth unemployment rate stood at 14.9% as of December, according to China's National Bureau of Statistics. And the average per capita income in China in the first quarter of 2024 was $905, according to the National Bureau of Statistics. Figures from the National Bureau of Statistics showed that new home prices in 70 major Chinese cities were down 0.7% from April.

Persons: —, they've, Alibaba, JD.com, Allison Malmsten, Yaling Jiang, they're, Jiang, Evergrande Organizations: Service, Business, CNBC, National Bureau of Statistics, Apple, Daxue Consulting, National Bureau, Statistics Locations: China

☆ Beryl moves into the Gulf of Mexico after battering Mexico’s Yucatan Peninsula, takes aim at Texas
▼ + stars: | 2024-07-06 | by ( ) www.cnbc.com time to read: +5 min

Beryl moved into the the Gulf of Mexico Friday and took aim at the south Texas coast after battering Mexico's Yucatan Peninsula. Texas officials issued disaster declarations and urge coastal residents to prepare as the storm headed their way. The storm's center Friday afternoon was in the Gulf just off Mexico, about 615 miles (995 kilometers) southeast of Corpus Christi, Texas. Some Texas counties have already issued voluntary evacuation orders in low-lying areas, and Texas officials urged coastal residents to prepare. Beryl spread destruction in Jamaica, St. Vincent and the Grenadines, and Barbados this week.

Persons: Beryl, Tulum, Gov, Dan Patrick, Patrick, Nim Kidd, Storm Alberto, Vincent, Laura Velázquez, Beryl hadn't, Balcaza, Lara Marsters, Andrew Holness, Hurricane Beryl, St Elizabeth, Baga Organizations: U.S, National Hurricane Center, Texas, Storm Locations: Mexico, Texas, Yucatan Peninsula . Texas, Corpus Christi , Texas, Gulf, Rio Grande, Corpus Christi, Northeastern Mexico, Jamaica, St, Grenadines, Barbados, Grenada, Venezuela, Boise , Idaho, Yucatan

☆ Now we know how much it costs to make a $2,800 Dior bag
▼ + stars: | 2024-07-03 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

Prosectors said these companies exploited workers to pump out bags for a small fraction of their store price. According to documents examined by authorities, Dior paid a supplier $57 to produce bags that retail for about $2,780, Reuters reported last month. Court documents showed that Dior, a subsidiary of LVMH, submitted a memo highlighting its supply chain improvements, the Wall Street Journal reported Tuesday. Advertisement"It's not something sporadic that concerns single production lots, but a generalized and consolidated manufacturing method," said court documents seen by Reuters about the decision to place Dior under administration. "The main problem is obviously people being mistreated: applying labour laws, so health and safety, hours, pay," Milan Court President Fabio Roia told Reuters earlier this year.

Persons: —, LVMH, Prosectors, Dior, Giorgio Armani, Armani, Fabio Roia, Bernard Arnault, Delphine Organizations: Service, Business, Reuters, LVMH, Wall Street, Bloomberg, Dior Locations: Milan, China

☆ The Vanishing Islands That Failed to Vanish
▼ + stars: | 2024-06-26 | by ( Raymond Zhong | Jason Gulley | ) www.nytimes.com time to read: +26 min

The Vanishing Islands That Failed to Vanish Low-lying tropical island nations were expected to be early victims of rising seas. They found that over the past few decades, the islands’ edges had wobbled this way and that, eroding here, building there. No, to understand what really beguiles them about these islands, you need to take a dive into the surrounding sea. Coral reefs Indian Ocean Islands HUVADHOO ATOLL 5 miles Dhigulaabadhoo Coral reefs Indian Ocean Islands HUVADHOO ATOLL 5 miles Dhigulaabadhoo Islands HUVADHOO ATOLL Islands HUVADHOO ATOLL HUVADHOO ATOLL HUVADHOO ATOLL HUVADHOO ATOLL HUVADHOO ATOLL HUVADHOO ATOLL HUVADHOO ATOLL HUVADHOO ATOLL Kandahalagalaa Dhigulaabadhoo HUVADHOO ATOLL Kandahalagalaa Dhigulaabadhoo A map of the Huvadhoo Atoll, a gourd-shaped ring of 241 islands in the southern Maldives. Huvadhoo Atoll is a gourd-shaped ring of 241 islands in the southern Maldives.

Persons: ” Charles Darwin, Darwin, bode, Arthur Webb, Paul Kench, “ I’m, Kench, Webb, Kench’s, Mohamed Aslam, Paul S, Aitana Gea Neuhaus, Gea Neuhaus, ” Ms, “, ” Paul Kench, Gerd Masselink, Peter Ganderton, Curt Storlazzi, Tim Scott, Dr, Scott, ”, it’s, “ They’ve, munch, Storlazzi, Thoriq Ibrahim, Malé, Hariyya Ibrahim, Hariyya, Adam Shakir, Adam, Farhath Ibrahim, Mohamed Muizzu, Hussain Rasheed, Rakeedhoo, Ashiya, Ashiya’s Organizations: Graphics, University of Plymouth, National University of Singapore, Nature Communications, Airbus, Google, United States Geological Survey Locations: Maldives, INDIA, MALDIVES, Polynesia, Micronesia, Indian, Malé, Himandhoo, Huvadhoo, ”, England, Dhigulaabadhoo, Wade, Plymouth, grinned, Hulhumalé, New City, Sand, City, Towers City, Himandhoo’s, Rakeedhoo

Today we celebrate Juneteenth, the day when word of the Emancipation Proclamation reached the farthest outpost in America. Many people do not realize that Emancipation did not legally end slavery in the United States, however. Some historians have described this convict leasing system as “worse than slavery,” because there was no incentive to avoid working those people to death. In fact, federal agencies are mandated to purchase goods from federal prisons, just as state or municipal agencies, including public schools and universities, often must consider sourcing from state penitentiaries. Labor that people have no meaningful right to refuse and that is enforced under conditions of total control is, unquestionably, slavery.

Persons: ” Organizations: Labor Locations: America, United States, Xinjiang, Washington

☆ These new bombshell allegations from Boeing whistleblowers about what happens to faulty plane parts are pretty horrifying
▼ + stars: | 2024-06-19 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +4 min

Read previewThe Senate subcommittee investigating Boeing's safety and quality practices on Monday released a new report — and it contains new allegations from company whistleblowers about what happens to faulty plane parts. A new slate of accusations came from Sam Mohawk, a Boeing quality assurance investigator in Renton, Washington. Related storiesThe Senate subcommittee also highlighted allegations from former Boeing quality manager Merle Meyers. The fresh slate of accusations from Boeing whistleblowers adds to the existing allegations against the company from other Boeing whistleblowers. AdvertisementNotably, two Boeing whistleblowers died before the Senate subcommittee's report came out on Monday.

Persons: —, Sam Mohawk, Merle Meyers, Meyers, Joshua Dean, Dean, John Barnett, Dave Calhoun, Calhoun, Sen, Josh Hawley Organizations: Service, Business, Boeing, Occupational Safety, Health Administration, FAA, OSHA, BI Locations: Washington, Renton , Washington . Mohawk, Renton, Charleston

☆ Japan reports record spike in potentially deadly bacterial infection
▼ + stars: | 2024-06-17 | by ( Helen Regan | Junko Ogura | ) edition.cnn.com time to read: +3 min

CNN —Cases of a dangerous and highly fatal bacterial infection have reached record levels in Japan, official figures show, with experts so far unable to pinpoint the reason for the rise. STSS is a rare but serious bacterial infection that can develop when bacteria spread into deep tissues and the bloodstream. In March, Japanese authorities warned of a jump in STSS cases. The reason for this year’s rise in cases of STSS in Japan remains unclear, according to Japanese public broadcaster NHK. “So, more people are now susceptible to infection, and that may be one reason for the sharp rise in cases.”

Persons: iGAS “, Ken Kikuchi, people’s, ” Kikuchi Organizations: CNN, Japan’s Health, Japan’s National, of Infectious, US Centers for Disease Control, Prevention, CDC, World Health, of Infectious Diseases, NHK, Tokyo Women’s Medical University Locations: Japan, STSS, Tokyo

☆ How to stay safe from tick- and mosquito-borne illnesses this summer
▼ + stars: | 2024-06-13 | by ( Katia Hetter | ) edition.cnn.com time to read: +7 min

Ladislav Kubeš/iStockphoto/Getty ImagesCNN: Let’s start by talking about tick-borne diseases, specifically Lyme disease. Dr. Leana Wen: In the United States, Lyme disease is the most common vector-borne disease and is transmitted by ticks. People who contract Lyme disease may experience temporary symptoms similar to the flu, such as muscle aches, fever and headache. CNN: Has the incidence of Lyme disease increased in recent years? While most US cases involve travelers who contracted malaria from other parts of the world, locally transmitted cases have occurred, too.

Persons: Leana Wen, Wen, Ladislav Kubeš, Lyme, You’ve Organizations: CNN, Northern, George Washington University, Getty, US Centers for Disease Control, US Environmental Protection Agency Locations: Lyme, West, United States, Florida , Texas, Arizona, California, Maryland

☆ OPEC’s sway over global oil prices may soon loosen, IEA says
▼ + stars: | 2024-06-12 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

The Paris-based IEA said Wednesday that it expects growth in global oil production — led by the United States and other countries in the Americas — to “inflate the world’s spare (oil) capacity cushion” to levels seen only once before, during the coronavirus pandemic when oil prices crashed. By 2030, global oil supply will outstrip demand by a “staggering” 8 million barrels per day, according to forecasts published by the agency in its medium-term oil market report. “(That’s) a major, major surplus and… might be one of the highest in the history,” Fatih Birol, the IEA’s executive director, told reporters. The IEA also forecast growth in global oil demand to “slow progressively” over the rest of the decade, with demand peaking by 2029 before contracting slightly the year after. Despite the cuts, oil prices have trended downward in recent months.

Persons: London CNN —, upend, ” Fatih Birol Organizations: London CNN, Organization of, Petroleum, International Energy Agency, The, ”, OPEC, CNN, IEA, Brent, West Texas Locations: OPEC, The Paris, United States, Americas, Russia, Syria, China

☆ Jack Dorsey gave $10 million to an anonymous founder with a deep devotion to a fascist 'guru'
▼ + stars: | 2024-06-06 | by ( Katherine Long | ) www.businessinsider.com time to read: +6 min

"It's a truly open protocol. Advertisement"We don't know who the leader is, it's like this anonymous Brazilian," Dorsey said. It's not clear how much of the $10 million Dorsey gave to support the development of Nostr will make its way to Parra. Parra, as Fiatjaf, sits on a committee established by the organization to organize Nostr development efforts, Bitcoin Magazine reported. After an X user suggested to Dorsey that he help fund Nostr, Dorsey replied within 24 hours, "funding deployed to @fiatjaf."

Persons: —, Jack Dorsey, Dorsey, Nostr, Edward Snowden, Giovanni Torres Parra, Olavo de Carvalho, de Carvalho —, Parra, Olavo, Jair Bolsonaro's, Fiatjaf, It's, . Parra, Forbes Organizations: Service, Business, Pepsi, Forbes, Sats Initiative, Bitcoin Magazine, Austrian Locations: Brazilian, Virginia, Brazil, Dorsey

☆ America's richest self-made woman went from $900,000 in debt to billionaire—without a college degree
▼ + stars: | 2024-06-01 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

This week, Hendricks topped Forbes' recent American's Richest Self-Made Women list for the seventh consecutive year. Her estimated $20.9 billion net worth comes largely from her roofing materials company ABC Supply, which she co-founded with her late husband Ken Hendricks in 1982. Roofers often bought directly from individual manufacturers, locking them into an ecosystem and allowing manufacturers to drive up prices. They took out a $900,000 loan from Beloit Savings Bank and pledged everything they owned to launch their company and fill that gap, Hendricks said. "We felt like we [roofers] weren't being treated with respect," said Hendricks.

Persons: Diane Hendricks, Hendricks, Ken Hendricks, Ken, Forbes, Roofers Organizations: Forbes, ABC Supply, Beloit Savings Bank

☆ Robert De Niro says 'justice has been served' after New York jury convicts Donald Trump in his hush money trial. Here's a timeline of their 13-year feud.
▼ + stars: | 2024-05-31 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +2 min

2023: De Niro reignites the feud during the press "Killers of a Flower Moon" press tour. Robert De Niro criticized Trump over his handling of COVID. However, ahead of the 2024 election, De Niro began speaking out about Trump again as he promoted his upcoming movie "Killers of a Flower Moon." Imagine how insane that is," De Niro said, referring to Trump. And I want to read it," De Niro said before bringing out his phone to read the original speech.

Persons: Niro, Robert De Niro, Trump, David Dee Delgado, De Niro's, De Niro, Apple, Rolling Stone Organizations: Trump, Variety, Cannes Film, Gotham, De Locations: New York City

☆ How to keep healthy and well over Memorial Day, according to a doctor
▼ + stars: | 2024-05-27 | by ( Katia Hetter | ) edition.cnn.com time to read: +7 min

CNN —Memorial Day is here, and soon summer will arrive. With Memorial Day gatherings getting underway in the US, how worried should people be about the coronavirus and bird flu? In addition, raw milk is not safe to drink. Moreover, one hypothesis for how avian flu is being transmitted is through raw milk. People should not consume unpasteurized milk or products made from raw milk.

Persons: CNN —, Leana Wen, Wen, Cook, We’ve, Stígur Már Karlsson, — Organizations: CNN, George Washington University, Covid, US Centers for Disease Control, US Food and Drug Administration, US Department of Agriculture Locations: United States

☆ Thomas Midgley Jr.: The man who almost destroyed the planet (twice)
▼ + stars: | 2024-05-24 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +12 min

CNN —Facing a crowd of journalists, inventor Thomas Midgley Jr. poured a lead additive over his hands and then proceeded to inhale its fumes for about a minute. Unfazed, he said, “I could do this every day without getting any health problems whatsoever.”Soon afterward, Midgley needed medical treatment. The task of addressing the issue of engine knocking fell to Midgley while he was working at General Motors in 1916. An estimated 1 million people a year still die from lead poisoning, according to the World Health Organization. The toxicity of lead was already well-known when Midgley added it to gas, but that didn’t stop Ethyl from becoming a commercial success.

Persons: Thomas Midgley Jr, “, ”, Midgley, —, Ford, Gerald Markowitz, Colin Creitz, Charles Kettering, ” Markowitz, ” Midgley, Bill Kovarik, Midgley —, Kettering —, Freon, Joe Sohm, CFCs, Perkin, Priestley, Kettering, Willard Gibbs, Carl E, ” Kovarik, Markowitz, I’m Organizations: CNN, General Motors, City University of New, GM, Standard Oil, DuPont, Network, UNICEF, World Health Organization, Radford University, America, Montreal Protocol, International Association for Suicide Prevention, Befrienders, Society of Chemical Industry, American Chemical Society, National Academy of Sciences, TNT, Linde Locations: Beaver Falls , Pennsylvania, United States, City University of New York, Algeria, American, Dayton , Ohio, Virginia, Montreal, Chicago

☆ Sudden container crunch sends ocean freight rates soaring, setting off global trade alarm bells
▼ + stars: | 2024-05-23 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +8 min

AFP Contributor | AFP | Getty ImagesA perfect storm in global trade is creating a shipping container capacity crunch, fueling a sudden and surprise spike in ocean freight rates. Xeneta ocean freight rates show the rallying spot market and the widening spread between spot and long-term rates. An increase in ocean freight rejections shows the imbalance. Logistics price increases are ultimately passed onto the consumer and the dizzying freight rates during the pandemic were among factors cited by the Federal Reserve as a cause of inflation. The International Chamber of Shipping, which represents major ocean carriers, did not immediately respond to a request for comment.

Persons: Emily Stausbøll, Stausbøll, Goetz Alebrand, Alebrand, Judah Levine, Freightos, Levine, Wan Hai, HLS, Drewry, Jonathan Gold Organizations: AFP, Getty, U.S ., Xeneta, DHL, Shipping, Americas, DHL Global, CNBC, Federal Reserve, Orient Star Group, MSC, Chamber of Shipping, Honour, Carriers, Maritime Locations: Qingdao, Shandong province, AFP, Asia, U.S . West Coast, U.S, China, Malaysia, Singapore, Panama, Latin America, Europe, Chongqing, East Asia, South America, Africa, U.S . East Coast

Morgan Stanley accompanied the move by cutting its price target to $100 from $120. His $185 price target, up from $160, forecasts that shares of Take-Two could rally 23% from Wednesday's close. — Lisa Kailai Han 5:55 a.m.: Bernstein initiates Ford at an outperform rating Investors who don't own Ford are missing out, according to Bernstein. — Lisa Kailai Han 5:55 a.m.: JPMorgan upgrades Hasbro Don't expect Hasbro's momentum to slow in the near future, according to JPMorgan. It also raised its price target on shares to $74 from $61, implying upside of 22%.

Persons: Bernstein, Morgan Stanley downgrades NetEase, Morgan Stanley, Alex Poon, Poon, Lisa Kailai Han, Omar Dessouky, Dessouky, — Lisa Kailai Han, Sam Poser, Sean Dodge, Dodge, GoodRx, Ford, Daniel Roeska, Roeska didn't, Roeska, Christopher Horvers, Fred Imbert Organizations: CNBC, Ford, JPMorgan, Hasbro, NetEase, Bank of America, Rockstar Games, Rockstar, Supreme, Corp, Trading, EMEA, Timberland, RBC, RBC Capital Markets, pharma, Kroger Locations: China, Wednesday's, Americas

☆ Here are Thursday's biggest analyst calls: Nvidia, Tesla, Ford, Super Micro, Wendy's, Hasbro, Take-Two, Wynn & more
▼ + stars: | 2024-05-23 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Bank of America reiterates Nvidia as buy Bank of America raised its price target on the stock to $1,320 per share from $1,100 following earnings. Deutsche Bank initiates Freshpet a buy Deutsche said it sees "multiple structural tailwinds" for shares of the pet food and health company. Deutsche Bank initiates BellRing Brands as buy Deutsche said it sees a long runway for growth for the food company. " Deutsche Bank initiates Legend Biotech as buy Deutsche said it's bullish on the biotech company's multiple myeloma drug Carvykti. Bank of America reiterates Super Micro Computer as buy Bank of America said Nvidia's earnings report on Wednesday bode well for companies like Super Micro.

Persons: Bernstein, Ford, Morgan Stanley downgrades NetEase, Morgan Stanley, Evercore, BRBR, Wedbush, Jefferies, GDRX, Oppenheimer, Armour, Kevin, Dell, Chubb, Stephens, FHN, Tesla, Argus, it's bullish, bode Organizations: " Bank of America, Nvidia, Bank of America, Deutsche Bank, Deutsche, BellRing Brands, JPMorgan, Hasbro, RBC, Norfolk Southern, NSC, GE Vernova, GE, UBS, Eastman Chemical, Eastman, SAP, underperform Bank of America, Berkshire Hathaway's, of America, Rockstar Games, NextEra Energy Partners, Argus, Wynn, Biotech, Computer Locations: U.S, China, Berkshire, Macau, Las Vegas, 2H24

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