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That's about 6% of Russia's total budget for 2024, which is 36.6 trillion rubles, or $414 billion. They arrived at a total of 400,000 wounded or dead, including 100,000 soldiers killed. AdvertisementThe cost of the one-time payments would be a "staggering amount," they wrote. Still, it's not clear if Russia has consistently been rolling out its one-time payments to its wounded or its deceased soldiers' next-of-kin. Russia plans to spend nearly a third of its total 2024 budget on defense, or about 10.8 trillion rubles, which is $122 billion.
Persons: , Thomas Lattanzio, Harry Stevens, Stevens, it's Organizations: Service, Johns Hopkins School, International Studies, Center, National, Business, Lattanzio, Russian Ministry of Defense, Radio Free, Independent, Carnegie Endowment, International Peace's, Eurasia Center Locations: Ukraine, Russia, Russian, Moscow, Independent Russian, International Peace's Russia
They slather SPF 50+ on their toddlers’ legs under scorching sun before breaking out in song. They march joyously through the canyons of the Financial District while banging drums. The oldest among them lie down on the burning hot pavement and allow themselves to be dragged away by police. “Feel how hot it is,” said Leslie Stevens, 70, who joined a demonstration on Wednesday. “This is not a one-time thing.
Persons: , Leslie Stevens Organizations: Financial, Citigroup Locations: New York
Spot ether ETFs could hit the market as soon as this week, pending U.S. Securities and Exchange Commission approval, and Bitwise Asset Management's Matthew Hougan plans to get in on the action. Hougan's firm is applying for spot ether ETFs. Hougan is referring to the first spot bitcoin ETFs that launched in January. Spot bitcoin ETFs have attracted about $15 billion since their launch and currently hold two of the top ETF inflows this year, according to FactSet. Hougan views bitcoin's recent success as unprecedented and sees it as a bullish indicator for spot ether ETFs.
Persons: Matthew Hougan, CNBC's, Hougan Organizations: U.S . Securities, Exchange Commission
Tema ETFs has been capitalizing on the risk appetite for weight loss stocks. The firm's founder and CEO Maurits Pot thinks the winning weight loss trade isn't based on just hype. "We could see a world where the majority of the world's population takes a GLP-1, not just for weight loss, but for other diseases." His top holdings include Mounjaro manufacturer Eli Lilly and Ozempic and Wegovy maker Novo Nordisk. Eli Lilly is up 57% so far this year, while Novo Nordisk is up 38%.
Persons: Maurits Pot, Pot, Eli Lilly, Ozempic Organizations: Cardiometabolic, Novo Nordisk Locations: Tema, Novo
Francois Lo Presti | Afp | Getty ImagesLONDON — A somewhat strange and ironic political shift has gripped Europe over the last few years. "There's an anti-incumbency mood again in Europe," Dan Stevens, professor of politics at Exeter University, told CNBC. Shared concernsThe U.K. is not alone in looking for a political change of scenery. A similar shift has been observed in much of western and eastern Europe in recent years, with hard-right populist and nationalist parties upsetting and unseating the old political establishment. Political analysts point out that, although far-right political parties in France, Germany and Italy made gains in the recent European Parliament elections, they also did not perform quite as well as expected.
Persons: Jordan Bardella, Francois Lo Presti, Dan Stevens, Stevens, Christopher Granville, leaderships, they've, Granville, Sofia Vasilopoulou Organizations: Union, Afp, Getty, Labour Party, Conservative Party, Europe —, Exeter University, CNBC, Conservative, Party for Freedom, EMEA, TS Lombard, King's College London Locations: France, Henin, Beaumont, Europe, euroskeptic, Ukraine, Italy, Netherlands, Germany
Here are a handful of them:1) CampaignsBy the time a presidential election takes place in the United States, the electorate will have already endured months of seemingly endless electioneering — with the entire election campaign process from candidacies and the campaign trail to the actual presidential election and inauguration taking up to two years. In the U.K., the time frame between a prime minister calling a general election to the actual vote is just six weeks. It sounds simple, and usually is, unless there's a "hung parliament" in which no political party wins a majority of seats. In the U.K., political advertising on TV and radio is not allowed, so U.K. voters are subjected to the somewhat quaint "party political broadcasts" during election campaigns. 6) 'Absurd' diversionsBritish political experts note that, unlike in the U.S., where broad political debates tend to remain the key focus, U.K. election campaigns can see more minor or fringe issues dominate the short election campaign.
Persons: Rishi Sunak, Joe Biden, Paul Ellis, Sir Keir Starmer, Stefan Rousseau, Bobby Duffy, Donald Trump, Tom Brenner, , Britain's, Tony Blair, Alastair Campbell, Ben Curtis, Blair, Dan Stevens, Joe Biden's, Trump, Brian Snyder, Keir Starmer, Institute's Duffy, Duffy, Biden, Rodin Eckenroth, Rodin, John Curtice, it's, Ludovic Marin Organizations: Britain's, North Atlantic Council, NATO, South Derbyshire College, Trent, Commons, King's College London, CNBC, Brit, Republicans, U.S, Federal, Former U.S, Republican, Reuters, Electoral Commission, Inverness Royal Academy, Labour, of, Exeter University, Trump . Democratic Party, Reuters Incumbent British, Labour Party, Trump, European, Conservative Party, U.K, UK Ministry of Defence, Royal British, Afp, Getty Locations: Vilnius, Lithuania, United States, Burton, U.S, Britain, Philadelphia, Great Britain, England, Wales, Scotland, British, America, Western Europe, Atlanta , Georgia, Hollywood , California, European Union, Normandy, Ver, Gold, France
Manhattan is becoming a buyer's market as apartment prices fell and inventory rose in the second quarter of 2024, according to new reports. The average real estate sales price in Manhattan fell 3% to just more than $2 million, according to a report from Douglas Elliman and Miller Samuel. The median price fell 2% to $1.2 million, and prices for luxury apartments fell for the first time in more than a year, according to the report. The falling prices and rising number of unsold apartments in Manhattan stand in contrast to the national real estate landscape, where continued tight supply continues to keep prices high. Brokers and real estate analysts say the strong prices in Manhattan post-Covid became unsustainable, and both buyers and sellers are finally capitulating to a higher interest rate environment.
Persons: Douglas Elliman, Miller Samuel, Jonathan Miller, Brown Harris Stevens Locations: Manhattan, New York City
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSolar panel insurance costs soar as development expands into regions with extreme weatherCNBC's Pippa Stevens reports on the rising costs of insurance for solar developers, as they try to build in regions with severe weather.
Persons: Pippa Stevens
Opinion | Democrats: Stop Panicking
  + stars: | 2024-06-29 | by ( Stuart Stevens | ) www.nytimes.com   time to read: +1 min
It’s baffling that so many Democrats are failing to rally around a wildly successful president after one bad night. But it does remind me of why Republicans defeated Democrats in so many races Republicans should have lost. The Republican Party lost its mind and decided that this one victory negated everything we know about politics. One debate does not change the structure of this presidential campaign. For all the talk of Mr. Biden’s off night, what is lost is that Mr. Trump missed a great opportunity to reset his candidacy and greatly strengthen his position.
Persons: Biden’s, Donald Trump, Mitt Romney, Trump Organizations: Republican, Democratic Party, Democratic, Republicans, Democrats, Republican Party
A bullish move may be ahead for both value and growth in the year's second half. The iShares Russell 1000 Growth ETF is up 20% so far this year, while the iShares Russell 1000 Value ETF is up almost 6%. FTSE Russell CEO Fiona Bassett said on "ETF Edge" the indices are built to reflect the nature of the market. As of May 31, FactSet reports the Russell 1000 Growth ETF's top three holdings are Microsoft , Apple and Nvidia . Meanwhile, the Russell 1000 Value ETF's top holdings are Berkshire Hathaway , JPMorgan Chase and Exxon Mobil .
Persons: VettaFi's Todd Rosenbluth, Russell, FTSE Russell, Fiona Bassett, Berkshire Hathaway, JPMorgan Organizations: FTSE, Russell, Microsoft, Apple, Nvidia, JPMorgan Chase, Exxon Mobil Locations: Berkshire
A general view of the U.S. Supreme Court building in Washington, U.S., June 1, 2024. WASHINGTON — The Supreme Court on Friday overturned a 40-year-old precedent that has been a target of the right because it is seen as bolstering the power of "deep state" bureaucrats. It is the latest in a series of rulings in which the conservative justices have taken aim at the power of federal agencies. The ruling was 6-3 with the conservative justices in the majority and liberal justices dissenting. The Trump administration had embraced the war on "deep state" agency power, selecting judicial nominees in part based on their hostility to the federal bureaucracy.
Persons: WASHINGTON —, Chevron, John Roberts, Elena Kagan, Reagan, Magnuson, Trump, Gorsuch, Kavanaugh, Barrett, Joe Organizations: U.S, Supreme, WASHINGTON, Chevron, Natural Resources Defense, Liberal, Republican, Democratic, National Marine Fisheries Service, Stevens Fishery Conservation, Management, Trump Locations: Washington , U.S, New England
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAI investors are now turning to utilities for AI-fueling power playersCNBC's Pippa Stevens and Emily WIlkins with DCLA's Sarat Sethi join 'Power Lunch' to discuss powering AI and the nuclear energy bil going through congress.
Persons: Pippa Stevens, Emily WIlkins, DCLA's Sarat Sethi, bil
Record heat impact on utilities: Here's what to know
  + stars: | 2024-06-20 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRecord heat impact on utilities: Here's what to knowCNBC's Pippa Stevens reports on news regarding beneficiaries of record heat across the United States.
Persons: Pippa Stevens Locations: United States
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy the housing market will remain muted this year given the effect of higher mortgage ratesUBS homebuilders analyst John Lovallo and Brown Harris Stevens CEO Bess Freedman discuss the major issues impacting the housing market and housing stocks: The Fed, mortgage rates and available inventory.
Persons: John Lovallo, Brown Harris Stevens, Bess Freedman Organizations: UBS
ETImage “The Outsiders,” choreographed by the brothers Rick and Jeff Kuperman, is one of five shows to be nominated for best choreography. Credit... Sara Krulwich/The New York TimesIn the Broadway musical adaptation of “The Outsiders,” something shocking keeps happening. Sometimes, escaping naturalism, they embody the emotions of the main characters, amplifying the internal. In “Illinoise,” choreographed and directed by Justin Peck, all the characters are dancers, mutely dancing out the scenarios and tender emotions of a Sufjan Stevens album performed live. Accordingly, the choreography takes on most of the responsibility for storytelling, making it the most ambitious nominee — though that doesn’t necessarily mean it’s the best.
Persons: , Rick, Jeff Kuperman, Sara Krulwich, Jesse Robb, Shana Carroll, Annie, Camille A . Brown, they’re, Illinoise, Justin Peck, Stevens Organizations: New York Times, Broadway
His son Christopher said he died in a hospital but did not specify the cause. Mr. Benson practiced the ancient and exacting art of carving into rock; slate was his preferred medium. He did so, precisely and gorgeously, on cornerstones, gravestones and monuments, as his father had before him, working out of an atelier in Newport called the John Stevens Shop. The art Mr. Benson practiced is mostly devoted to mortality, the brief span of a life, though it is designed for eternity, or something close to it. Mr. Benson could spend a day carving a cross; a gravestone might take three months.
Persons: John Everett Benson, , Christopher, Benson, John Stevens Organizations: John Stevens Shop Locations: Newport, R.I
CNN —The Oscars of the food world — the James Beard Awards — were handed out Monday night to many chefs and restaurants reflecting cultures and regions that have long been overlooked when honoring culinary achievement in the United States. Outstanding Chef winner Michael Rafidi dedicated his award to Palestinian people all over the world in his acceptance speech. The 2024 winners bring heritage from all over the globe — the Philippines, Mexico, Japan, Peru, Vietnam, Senegal — to tables across the United States. This year’s awards also bring recognition to restaurants in many smaller towns and states that have not historically been recognized with James Beard Awards. Chef Masako Morishita received the James Beard Award for Emerging Chef.
Persons: James Beard, , Serigne Mbaye, ” Mbaye, Michael Rafidi, , Paul Smith, Lula Drake Wine, Chef Masako Morishita, Beard, Deb Lindsey, Masako Morishita, Atsuko Fujimoto, Morishita, Adams Morgan, Fujimoto, Baker, Ruth Reichl, Reichl, , foodie, James Beard’s, ” Beard, Hamissi Mamba, Nadia Nijimbere, MI, Yenvy Pham, Phở, WA Chris Viaud, NH Hollis Wells Silverman, Erika Whitaker, Kelly Whitaker, Sarah Minnick, Dean Neff, Renee Touponce, David Uygur, Christine Dong, Fariyal Abdullahi, Janet Becerra, SC Ryan Fernandez, Mel, Baker Susan Bae, Jesus Brazon, Manuel Brazon, Crystal Kass, Valentine, AZ Anna Posey, Hospitality Crawford, NC Gemma, Lula Cafe, Vin, California Geoff Davis, CA Rogelio Garcia, Auro, Lord Maynard Llera, Kuya, Los Angeles , CA Tara Monsod, Billy ” Ngo, Vinnie Cimino, Cordelia, Jose Salazar, Sarkar, Hajime Sato, Sozai, MI Jenner Tomaska, Tony Conte, Jesse Ito, Matt Kern, Harley Peet, Kevin Tien, Ann Ahmed, Rob Connoley, Dan Jacobs, Dan Van Rite, Christina Nguyen, Hai, Tim Nicholson, Brandon Cunningham, Ali Sabbah, Matt Vawter, Penelope Wong, Yuan Wonton, Nick Zocco, NY Atsushi Kono, Chris Mauricio, Charlie Mitchell, Clover, NY Jeremy Salamon, Conor Dennehy, Talulla, Maria Meza, David Standridge, Jake Stevens, Cara Tobin, Honey, Avery Adams, Matia, WA Kristi Brown, WA Josh Dorcak, Gregory Gourdet, Melissa Miranda, Jamie Davis, The, Washington , NC Rod Lassiter, Parnass Savang, James London, Chubby Fish, SC Robbie Robinson, Valerie Chang, FL Hunter Evans, Jackson, MS Gabriel Hernandez, Carlos Portela, Rene Andrade, Jeff Chanchaleune, Ma Der, Steve, Steve Riley, NM Eduardo Rodriguez, Zacatlán, Texas Emmanuel Chavez, Houston , TX Christopher Cullum, Cullum’s Attaboy, San Antonio , TX Tracy Malechek, Ezekiel, Birdie’s, Misti Norris, Petra, Ana Liz Pulido, Ana Liz Taqueria Organizations: CNN, Dakar NOLA, Lyric Opera, Michelin, Beverages Program, Chefs, The Washington Post, Washington Commanders, The New York Times, Gourmet Magazine, James, James Beard Foundation, Hav, Seattle , WA Nikko Cagalanan, SC, NY, Dakar, FL Kisser, Nashville , TN Oro, Caracas Bakery, AZ, Hospitality, IL, NY Woodford Food & Beverage, Beverages, SC The Morris, D.C, BEST, Social Haus, UT, New, New York State, Pacific, FL, Houston , TX Locations: United States, New Orleans, West Africa, Chicago, Portland , Oregon, Pacific, Albi, Washington, Ramallah, Philippines, Mexico, Japan, Peru, Vietnam, Senegal, West Virginia, Charleston , West Virginia, Columbia , South Carolina, Mission , Texas, Mystic , Connecticut, Easton , Maryland, Portland , Maine, Tokyo, Perry’s, Adams, DC, Bakery, Detroit, Seattle, WA, Greenleaf, Ansanm, Milford, Wolfeboro, NH, The Wells, Boulder, Portland, Wilmington ,, Albi , Washington, The, Lucia, Dallas , TX, Santa Fe, Marfa ,, San Antonio ,, Springs, , New York, Pancita, Seattle , WA, Kultura, Charleston, Southern Junction, Buffalo, Waitsburg, Lockhart, TX, Carmel, Dorchester, Dakar NOLA , New Orleans, LA Hayward, McMinnville, Kaya, Orlando, Nashville , TN, Nixta , Minneapolis, Shan, Bozeman, Albuquerque, Long Beach ,, Hudson, Caracas, Doral, Miami, Phoenix, Elske, IL, Son, Raleigh, NC, Dallas ,, New York, NY, Columbia, San Francisco ,, Anaheim , Anaheim, , Washington, Waxlight, Montpelier, VT, Baltimore, , New Orleans, LA, Brownsville ,, California, Burdell, Oakland, Calistoga, Los Angeles ,, San Diego ,, Kru, Sacramento, Lakes, MI, Cleveland ,, Mita’s, Cincinnati, Indienne, Clawson, Esmé, NJ, PA, Philadelphia, Fenwick, Bas Rouge, Easton, KS, MN, MO, WI, Khâluna, Minneapolis, St, Louis, EsterEv, Milwaukee, Hai Hai , Minneapolis, Omaha, UT, WY, Greenough, Salt Lake City, Rootstalk, Breckenridge, Denver, Urban, Sofreh, Brooklyn, Kono , New York, Harana, Accord, Clover Hill, RI, Cambridge, Dolores, Providence ,, Leeward, Burlington, Island, MÄS, Ashland, kann, Musang, KY, TN, The Hackney, Washington , NC, Talat, Atlanta, West Columbia, Maty’s, Elvie’s, Verde Mesa, San Juan, Saffron , New Orleans, AZ, NM, Bacanora, Oklahoma City, Henderson, Mesa, Tatemó, Houston ,, Austin ,, Mission
Structure Therapeutics CEO on GLP drugs
  + stars: | 2024-06-11 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStructure Therapeutics CEO on GLP drugsRay Stevens, Structure Therapeutics CEO, joins 'Fast Money' to discuss the weight loss drug boom and the company's recent data finidngs in its own drug.
Persons: Ray Stevens Organizations: Structure Therapeutics
Payden's assets have grown with the firm: As majority owner, she boasts an estimated net worth of roughly $700 million and is a "newcomer" on Forbes' recently published 2024 list of America's Richest Self-Made Women. "I was hired at a 25% discount because I didn't know the difference between a bond and stock," Payden told the Los Angeles Times in 1999. Within a couple years, she moved to Los Angeles to join Scudder, Stevens & Clark, a prestigious money management firm. She failed at least one of those attempts because she "didn't play golf" at an annual meeting on a men-only course, Payden told students at Notre Dame in 2011. Since then, she's built her firm into one of the largest private money management firms in the U.S.
Persons: Joan Payden, she's, Forbes, Payden, Merrill Lynch, Scudder, Stevens, Clark, wouldn't, Sandra Rygel, Payden wasn't Organizations: Payden, Forbes, Trinity College in, Trinity College in Washington , D.C, Los Angeles Times, Notre Dame, Trinity's, U.S, Zurich Insurance Group, CNBC Locations: Los Angeles, Trinity College in Washington ,, New Jersey, Swiss
A woman who says that a character in the Netflix drama “Baby Reindeer” was modeled after her sued the streaming company on Thursday for defamation, claiming that the show, which is based on a true story, falsely suggested that she was a convicted stalker. In a lawsuit filed in federal court in Los Angeles, lawyers for the woman, Fiona Harvey, said that she had never been convicted of a crime and that she had not committed other offenses that the character in the series does. She also claims that the show has destroyed her reputation. In “Baby Reindeer,” which was created by the comedian Richard Gadd, a woman named Martha, played by the actress Jessica Gunning, torments an aspiring comedian named Donny Dunn (played by Mr. Gadd) through emails and voice mail messages. Ms. Harvey’s lawsuit calls particular attention to a statement that appears onscreen at the beginning of “Baby Reindeer”: “This is a true story.” That statement, the lawsuit claims, is “the biggest lie in television history.”
Persons: Fiona Harvey, Richard Gadd, Martha, Jessica Gunning, Donny Dunn, . Gadd, Organizations: Netflix Locations: Los Angeles
The Supreme Court, Tatel wrote, has “kicked precedent to the curb” and become “a tragedy” for civil rights and the rule of law. He said she revealed early dealings among justices that eventually led to the milestone 2013 Shelby County v. Holder decision undermining the Voting Rights Act. ‘John Stevens didn’t step down until he was ninety,” Tatel wrote. He served as director of the Chicago Lawyers’ Committee for Civil Rights Under Law and then as director of the National Committee. During the Jimmy Carter administration, he led the Office of Civil Rights at the Department of Health, Education and Welfare.
Persons: David Tatel, , John Roberts, Bill Clinton, Tatel, Roberts, Ruth Bader Ginsburg, Holder, Ginsburg, , , ‘ John Stevens didn’t, ” Tatel, , Ruth, Hillary Clinton, Donald Trump, Obama, , Trump, Amy Coney Barrett, Roe, Wade, Dobbs, Justice Ginsburg, “ I’ve, Jimmy Carter, Clinton, ” Roberts, Dick Cheney, “ …, Scalia, Cheney, , David, Joe Biden, I’ve Organizations: CNN, Democrat, Jackson, Health Organization, Chicago Lawyers ’, Civil, Law, National Committee, Department of Health, Education, Welfare, DC Circuit, US Department of Justice, Northwest Austin, Civil Rights Movement, Court, Supreme Locations: County, Washington, Shelby County, Northwest, Northwest Austin
Clean energy stocks may be underperforming in the public market, but there is still great appetite for companies focused on decarbonization in private markets — with Clean Energy Ventures' new fund serving as the latest example. The climate tech firm said Wednesday that it raised $305 million for its second fund, five years after closing its first fund. This latest fund was oversubscribed — the initial target stood at $200 million — but interest from limited partners including The Grantham Foundation, Builders Vision and Carbon Equity led to a higher raise. The firm is already putting the new money to work, focusing on technologies that go beyond the traditional green investments of solar and wind. Co-founder and managing partner Daniel Goldman identified industrial decarbonization as one compelling vertical — specifically emissions-reducing technology for the cement and steel industries.
Persons: Daniel Goldman Organizations: Clean Energy Ventures, The Grantham Foundation, Builders Vision, Carbon Equity, CNBC
Jurors in Donald J. Trump’s criminal trial will begin deliberations after hearing hours of closing arguments that portrayed the case in stark and irreconcilable terms. Credit... Adam Gray for The New York Times
Persons: Donald J, Adam Gray Organizations: The New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFreedman: Housing is suffering from artificial constraint on inventoryBess Freedman, Brown Harris Stevens CEO, discusses the health of the housing market and the outlook for mortgage rates.
Persons: Bess Freedman, Brown Harris Stevens Organizations: Freedman
The writer said he was an identity thief — a ring leader on the dark web, with a network of “worms” placed throughout the United States. In an email to The New York Times, he said his ring preyed on the dead, the unsuspecting and the elderly, especially those from Florida and California, using birth certificates and other documents to discover personal information that aided in their schemes. “We figure out how to steal,” he said. Media outlets often receive unsolicited emails from people who make outlandish claims. But this email arrived Friday in response to one sent by The Times to an email address that Naussany listed in a legal filing sent to a Tennessee court reviewing the foreclosure case.
Persons: , , Lisa Marie Presley, Graceland Organizations: New York Times, Naussany Investments, Media, The Times Locations: United States, Florida, California, Tennessee
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