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☆ 'The Vince Staples Show' feels like an appetizer that only scratches the surface
▼ + stars: | 2024-02-26 | by ( Sowmya Krishnamurthy | ) www.businessinsider.com time to read: +6 min

"The Vince Staples Show" is a semi-autobiographical series featuring the rapper navigating life in Long Beach. "The Vince Staples Show" opens with this disclaimer. Each episode lacks enough time to give viewers what they really want"The Vince Staples Show" episode 5, season 1. Staples shines when it appears he's being himselfIn "The Vince Staples Show," season 1, episode 2, Staples recognizes the bank robber as one of his friends. "The Vince Staples Show" is a limited-run five-episode series that may very well be a teaser to gauge response before Netflix commits to more episodes.

Persons: Vince Staples, Staples, —, Netflix Staples, Kenya Barris, Ian Edelman, Ramona, serendipitously, Andrea Ellsworth, Anita, Vanessa Bell Calloway, Rick Ross, he's, George Clooney, Queen Latifah Organizations: Service, Netflix Locations: Long Beach, Long Beach , California, America, Long, Staples

☆ Investors and execs eye Trump's potential return to the White House
▼ + stars: | 2024-02-26 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

AdvertisementThe 2024 presidential election seems destined to be the rematch many voters have been expecting : President Joe Biden against former President Donald Trump. So what would Trump's return to the White House mean for stocks? President Joe Biden gives remarks on the conflict between Israel and Palestine at the White House in Washington on October 7, 2023. During his speech, President Biden reiterated the United States' support for Israel. Amanda Andrade-Rhoades/For The Washington Post via Getty ImagesAmong the world's more powerful people, opinions are divided on the impact of Trump's return.

Persons: we've, Donald Trump, Donald Trump grins, Chip Somodevilla, Joe Biden, Trump, Nikki Haley, Haley, Biden, Trump's, that's, Matthew Fox, James Reilly, Amanda Andrade, Rhoades, didn't, Jamie Dimon, Dimon, Ray Dalio, Tesla, Warren Buffett, Berkshire Hathaway, Charlie Munger, Francois G . Durand, Jenny Chang, Rodriguez, Dick Costolo, Elon, Rebecca Zisser, Gen Zers, Millennials, Uber, Dow, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: South, GOP, Trump, South Carolina GOP, Gov, Nasdaq, Capital Economics, White, Israel, Washington, Getty, Economic, CNBC, Bridgewater, Nvidia, Berkshire, SpaceX, Dow Jones, US Locations: New Hampshire, China, Capital, Israel, Palestine, Washington, United States, Russia, Ukraine, New York, London, Chicago

☆ Opinion: I grew up in Russia and Ukraine. Here’s what I say when people ask where I’m from
▼ + stars: | 2024-02-21 | by ( Opinion Sasha Vasilyuk | ) edition.cnn.com time to read: +7 min

She grew up between Ukraine, Russia and the United States. CNN —While for most of the world the war in Ukraine has been going on for two years, for my family it’s been 10. It was after that trip that I began writing a novel called “Your Presence Is Mandatory” that spans from World War II to the war in the Donbas. The world where Russia plays the role of the big sister to Ukraine has been shattered. And so, now when people ask me where I’m from, I say I’m from Ukraine and Russia.

Persons: Sasha Vasilyuk, Christopher Michel, Vladimir Putin’s, Putin, Tucker Carlson, It’s, “, who’d, Ukraine —, I’m, it’s Organizations: CNN, Russian, Soviet Locations: Russia, Ukraine, United States, Russian, Soviet, Donetsk, Berlin

☆ A woman found her dream Prada shoes at Goodwill. She realized they were counterfeits after buying them for $300.
▼ + stars: | 2024-02-21 | by ( Amanda Krause | ) www.businessinsider.com time to read: +4 min

A TikToker thought she found her dream pair of Prada loafers at a Goodwill boutique for $300. TikToker Maiya Mindoro learned that the hard way after purchasing her dream pair of $1,200 Prada shoes at a Goodwill boutique for $300, only to realize later they were counterfeits. AdvertisementShe said she accepted her mistake after comparing the shoes to other Prada items she'd purchased directly from the brand. Specifically, she noticed clear differences in the logo nameplates, which are flat on authentic Prada items but often textured on counterfeit pieces. And because brick-and-mortar Goodwill stores are all operated independently, as Bell pointed out, each has its own process for authenticating goods.

Persons: Prada, —, Goodwill Colorado, she'd, It's, Stephanie Bell, Ralph Lauren, Bell Organizations: Service, Goodwill, Goodwill Colorado Locations: Denver, Mindoro, Goodwill Colorado

☆ Major companies in China are setting up their own volunteer armies
▼ + stars: | 2024-02-21 | by ( Laura He | ) edition.cnn.com time to read: +12 min

Hong Kong CNN —Chinese companies are doing something rarely seen since the 1970s: setting up their own volunteer armies. According to China’s Military Service Law, male militia members should be 18 to 35 years old. It was latest in a slew of militias established by major Chinese companies in the past year. After 1949, when the party took control of mainland China, the units were eventually embedded into governments, schools and companies. This can, in the long run, save the PLA resources by delegating some duties to militia forces to care for,” Heath said.

Persons: Xi, ”, Neil Thomas, Nuo Nuo, Huang Zhiqiang, Qilai Shen, Liu Jie, Mao Zedong, Mao, Timothy Heath, homebuyers, Heath, ” Heath, Willy Lam, Sam Yeh, ” Lam, China’s Organizations: Hong Kong CNN, CNN, People’s Armed Forces Departments, America’s National Guard, Communist, Asia Society, Center for, Communist Party, China Labour Bulletin, Foxconn, Yili, Armed Forces Department, China’s Military Service Law, People’s Liberation Army, PLA, government’s Communist Party, Inner Mongolia Autonomous, Bloomberg, Getty, Shanghai Municipal Investment Group, Construction Investment, Development, Defense Ministry, People’s Armed Police, Armed, Rand Corporation, Jamestown Foundation, Party, Taiwan Locations: China, Hong Kong, Center for China, Beijing, Zhengzhou, Henan, Hohhot, Inner Mongolia, Yili, Shanghai, Mengniu, Nantong city, Jiangsu, Huizhou city, Guangdong, Wuhan, Hubei province, People’s Republic, United States, Taiwan, Fangchenggang City, Guangxi, ”, PLA, Taiwan's, AFP

☆ Some hear echoes of the Web3 frenzy around generative AI. But its future is likely to play out very differently.
▼ + stars: | 2024-02-19 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +7 min

Mariam Pettit, partner at Global Founders Capital, said the rush toward AI was in part driven by investor FOMO. While investors and industry insiders don't anticipate the same fate for generative AI startups, many see the parallels between the two industries. Indeed, VCs are paying premiums and pre-empting rounds into hot AI startups in a bid to get a place on the cap table. AI founders are aware that they need to differentiate themselves in order to survive, at the very least. "And with vertical AI startups, it's much clearer that all the data we have is approved by the creator of that data."

Persons: Marc Andreessen, ChatGPT, Mariam Pettit, FOMO, Rainer Haeckl Web3, Sam Bankman Fried, Ash Arora, LocalGlobe, Arora, Sam Altman, Andreessen Horowitz, Ayman Fadil, Fadil, Pettit, Devang Agarwal Organizations: Business, Alpha, Global Founders Capital, Investors, Tech, Talis Locations: German, London, Web3, LocalGlobe, Jasper

☆ Kylian Mbappé, P.S.G. and the Dangers of a Loveless Marriage
▼ + stars: | 2024-02-16 | by ( Rory Smith | ) www.nytimes.com time to read: 1 min

This time, Kylian Mbappé means it. The reports on Thursday of his decision to leave Paris St.-Germain, his hometown team, might have carried with them an unmistakable sense of déjà vu. They might have been copied and pasted, almost verbatim, from the last time this happened, and the time before that. It is less than two years since he and P.S.G. last came to the brink, his boxes packed, his desk emptied, his goodbye card signed.

Persons: Kylian, Germain, He’s, P.S.G Locations: Paris St

☆ Trump’s new Supreme Court gambit doesn’t even try to hide that it’s a delaying tactic
▼ + stars: | 2024-02-13 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

Donald Trump’s filing to the Supreme Court over his claim for sweeping presidential immunity begins with a quote from Yogi Berra. The coming days could decide when the first Trump trial takes placeThe text of Trump’s filing to the court at times feels somewhat frivolous. Trump’s legal team has a good reason to try to run out the clock. But it is not certain that the Supreme Court, which last week heard oral arguments on another Trump case — over his expulsion from Colorado’s ballot — will even agree to take his latest request. As with Smith’s Washington case, Trump’s team is seeking to delay the trial currently scheduled for May.

Persons: Donald Trump’s, Yogi Berra, Jack Smith, Trump, Ty Cobb, CNN’s Erin Burnett, “, ”, Joe Biden, he’s, Elie Honig, Donald Trump, Jack Smith’s, Honig, Norm Eisen, ” Eisen, Smith, Ankush, CNN’s Wolf, Smith’s, Stormy Daniels, —, Fani Willis, Willis, – Organizations: New York Yankees, White, NBC News, Trump, Biden, CNN, Justice Department, Trump Organization Locations: White, Florida, Smith’s Washington, Manhattan, Georgia, New York

☆ Nelson Peltz and Bob Iger are still throwing punches despite Disney's killer start to 2024
▼ + stars: | 2024-02-08 | by ( Jordan Hart | Madeline Berg | ) www.businessinsider.com time to read: +3 min

Disney CEO Bob Iger and activist investor Nelson Peltz are still sparring despite stellar earnings. All signs point to the fact that Peltz's second Disney proxy fight is still on. AdvertisementDespite what one analyst has called Disney's "epic quarter," tensions between CEO Bob Iger and activist investor Nelson Peltz seem to be running as high as ever. And the verbal jabs both sides threw at each other indicate the proxy fight is still on. Peltz has specifically lamented Disney's streaming losses, a pause in dividends, and the lack of a comprehensive succession plan.

Persons: Bob Iger, Nelson Peltz, Peltz's, —, Taylor Swift, Disney's, hasn't, Iger, Trian, Peltz, Peltz hasn't Organizations: Disney, Peltz's Trian, Service, Epic, Fund Management, CNBC

☆ Wall Street loves Disney's kitchen-sink quarter, but Nelson Peltz says he isn't backing down
▼ + stars: | 2024-02-07 | by ( Alex Sherman | ) www.cnbc.com time to read: +4 min

Nelson Peltz, founding partner and CEO of Trian Fund Management, speaks with CNBC's Andrew Ross Sorkin on July 17, 2013 in New York. Are you not entertained, Nelson Peltz? Both Disney's higher profits, and string of content and partnership announcements, appeared to form a direct rebuttal to Peltz's concerns about the company. It was hard to keep up with Disney's announcements this quarter:ESPN finally set a launch date for its direct-to-consumer service: August or fall of 2025. It's only logical that the mountain of announcements came this quarter, given activist pressure from Trian and Blackwells Capital.

Persons: Nelson Peltz, CNBC's Andrew Ross Sorkin, Peltz, Jay Rasulo, Michael Froman, Maria Elena Lagomasino, Bob Iger, CNBC's Julia Boorstin, Iger, Boorstin, Taylor, Trian, Disney Organizations: Trian Fund Management, Disney, CNBC, ESPN, Epic Games, Warner Bros . Discovery, Fox, Blackwells, Disney Board Locations: New York, Trian

Disney's fiscal first-quarter earnings per share beat expectations and it said its full-year EPS will rise at least 20% from 2023. Iger also unveiled his strategy and timeline for bringing Disney's flagship sports network ESPN into the streaming era. AdvertisementThe company will launch a stand-alone streaming service with ESPN and its sister networks in the fall of 2025, something Iger called "inevitable." Even if there's consumer demand, the JV faces several hurdles, from challenges brought by existing distributors to antitrust opposition, LightShed Partners wrote in a note published ahead of Disney's earnings release. Challenges aside, the new sports streaming strategy is a big step forward for Iger and Disney.

Persons: —, Bob Iger's, Iger, Taylor Swift, Nelson Peltz, Bob Chapek's, Peltz's, Disney, Paul Verna, Alpha, LightShed, Iger didn't, Trian, Elon Musk, Gina Carano's, Iger's Organizations: Service, Disney, Epic Games, Peltz's Trian Fund Management, Blackwells, ValueAct, Business, Iger, Insider Intelligence, ESPN, Disney's, Fox, Warner Bros, JV, LightShed Partners, Marvel, CNBC Locations: Moana

☆ Premarket stocks: Wall Street is worried about another regional banking crisis
▼ + stars: | 2024-02-06 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

But while the last crisis was all about interest rate risk, this one revolves around the $20 trillion commercial real estate market. What’s happening: After decades of growth bolstered by low interest rates and easy credit, commercial real estate has hit a wall. The increase was driven partly by expected losses on commercial real estate loans, it said. “As losses from a [commercial real estate] loan portfolio accumulate, they can spill over into the broader financial system,” they wrote. “There’s some smaller and regional banks that have concentrated exposures in these areas that are challenged and we’re working with them,” he said.

Persons: It’s, Goldman Sachs, Anna Cooban, Janet Yellen, Jerome Powell, Gary Gensler, ”, Chip Somodevilla, She’s, Powell, “, ” McDonald’s, McDonald’s, Jordan Valinsky, Samantha Murphy Kelly, “ We’ve Organizations: CNN Business, Bell, New York CNN, New York Community Bancorp, US Regional Bank, Japan’s Aozora Bank, Deutsche Bank, Canadian Public Pension Investment Board, Boston Properties, US Securities and Exchange, Financial, Biden, Senate, CBS, Verizon, Old Telephone Service, landlines, UK, Consumers, CNN, California Public Utilities Commission Locations: New York, Manhattan, Boston, Washington ,, East, United States, California, France, California ”

☆ Billy Joel Said He’d Retired From Pop. Here’s What Brought Him Back.
▼ + stars: | 2024-02-05 | by ( Caryn Ganz | ) www.nytimes.com time to read: +1 min

Billy Joel’s first new pop song in nearly two decades was sparked by someone miles from the record business: a Long Island doctor. Joel, 74, has long made it known that he isn’t interested in making more albums. (“He is everything,” Olivia Rodrigo, 20, who referenced him in her song “Deja Vu,” said last summer.) Over the years, the list of people who’d tried to cajole him back into writing and recording grew legion: Clive Davis. Yet when Joel’s family doctor urged him to meet “a kid” interested in discussing music near his place out east in Sag Harbor, he agreed to a lunch.

Persons: Billy Joel’s, Joel, —, that’s, ”, ” Olivia Rodrigo, who’d, Clive Davis, Rick Rubin, Elton John Locations: Oyster Bay, N.Y, “, Sag Harbor

☆ Coco Jones may seem like a splashy newcomer, but she's having déjà vu
▼ + stars: | 2024-02-03 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +10 min

Anyone who watched the Disney Channel in the early 2010s will recognize Jones' onscreen magnetism and precocious vocal skill. AdvertisementBut while many of Jones' cohorts have emphatically shed the mouse ears, Jones has taken the path of radical acceptance. "One thing about 'Let It Shine,' it's going to follow me until the wheels fall off," Jones said. Advertisement"ICU" was released as the second single from "What I Didn't Tell You," the first EP Jones released through a major label. "What I Didn't Tell You" is the product of studious passion; Jones honors the R&B tradition without relying on imitation.

Persons: —, Coco Jones, it's, Jones, Chloe, Halle Bailey, Kelsey, Charlie, Tyler James Williams, Abbott, Hilary Banks, Bel, Will Smith, Justin Timberlake, Miley Cyrus, Olivia Rodrigo, Sabrina Carpenter, " Jones, Lea Mende Jones, I'm, Warner Chappell, Simone Biles, Lea Mende, Aretha Franklin, Whitney Houston, Mariah Carey, CeCe Winans, Taylor Swift, Timberlake, Babyface, Reneé Rapp, She's, Rapp Organizations: Service, Disney Channel, Disney, Business, Hollywood Records, Facebook, colorism, Bel, Def Jam, Warner, Warner Chappell Music, BET, HBO, College Girls, MTV

☆ A commercial real estate crash is unfolding, and regional banks are feeling the pain
▼ + stars: | 2024-02-01 | by ( Aruni Soni | ) www.businessinsider.com time to read: +1 min

Regional bank stocks are feeling the bite of the unfurling commercial property crisis in a rout that's giving SVB-collapse flashbacks. Commercial real estate loans are going sour with huge defaults on the horizon, pummeling banks from New York to Tokyo. Regional banks are a lot more exposed and vulnerable to commercial real estate loans. AdvertisementPlummeting regional bank stocks are giving investors déjà vu, but the underlying problem this time around is the commercial property crisis. The decline was led by New York Bancorp, which tumbled nearly 40% on Wednesday after posting a fourth-quarter loss of $260 million due to of sour commercial real estate loans.

Persons: —, déjà Organizations: Service, Nasdaq, Silicon Valley Bank, New York Bancorp, Business Locations: New York, Tokyo, Silicon

☆ At Sundance, a reckoning with our digital selves
▼ + stars: | 2024-01-29 | by ( Thomas Page | ) edition.cnn.com time to read: +11 min

Harper that premiered at this month’s Sundance Film Festival, rapper Kemba enters an electronics store. Sundance is a broad church, but one throughline this year was a reckoning with our digital selves. Courtesy of Sundance InstituteIn the game Steen could be whatever he wanted to be, do whatever he wanted to do. The Sundance Film Festival concluded on January 28. Documentary Competition)“Sujo” (World Cinema Dramatic Competition)“A New Kind of Wilderness” (World Cinema Documentary Competition)Audience Favorite Awards“Daughters” (U.S.

Persons: J.M, Harper, Kemba, “, headspace Harper, Deus, J.M . Harper, Jazmin Jones, Olivia McKayla Ross, Mavis Beacon, Mandela, she’s, Jones, McKayla Ross Gen, we’re, Siri, knotty, L’espérance, feelgood, Thelma, Squibb, Beacon, Yeleen Cohen, ”, Kristin Stewart, Sam, Andy Zuchero, Stewart, Steven Yeun, Déja, Liam, “ Sebastian ”, Mikko Mäkelä, Ruaridh, Mollica, David Nellist, Sebastian, James Watson, “ Ibelin, Benjamin Ree, Mats Steen, Steen, Steen’s, Ibelin . Ibelin, he’d, Ree, Ibelin, Steen's avater Ibelin, It’s, ’ “, Steen –, Sujo, Dìdi ”, Ibelin ”, Kneecap Organizations: CNN, Sundance, Motorola, Sundance Institute, Americans, Iam, AIs, Netflix, Sundance Film Locations: “, Haiti, ”, New York, Norwegian

☆ Opinion: As a child I fled the Nazis. As a grandmother I survived Hamas attack. Why this Holocaust Memorial Day is different
▼ + stars: | 2024-01-27 | by ( Opinion Mirjam Beit Talmi Szpiro | ) edition.cnn.com time to read: +4 min

Editor’s Note: Mirjam Beit Talmi Szpiro is a Holocaust survivor from Kibbutz Zikim, Israel. CNN —As we mark International Holocaust Memorial Day, I find myself compelled to share a story, my story, bookmarked by some of the darkest chapters in history. But it must be told more than ever on this Holocaust Memorial Day. Just a few weeks short of the 85th anniversary of the Kristallnacht attacks, Hamas unleashed its own attacks on the Israeli border communities, brutally slaughtering 1,200 people and taking over 250 hostages. So, for me, this Holocaust Memorial Day is different.

Persons: Kibbutz, Read, Mirjam Beit, Yossi Zeliger, “ I’m, I’m Organizations: CNN, Universal Locations: Kibbutz Zikim, Israel, Germany, Nazi Germany, Gaza, Zikim, Auschwitz, Lodz, Britain, Amsterdam, Berlin, Jerusalem

CNN —US and AC Milan midfielder Yunus Musah is used to hostility – passionate and aggressive crowds are part of the game after all. Instead, Italian soccer found itself in the midst of another alleged racism scandal – one that Musah was around to witness firsthand. “So it was really, really important that when we saw that, the whole team reacted great. Prior to joining Milan, Musah spent the first three years of his senior career with Spanish side Valencia. During a league match against Real Madrid in May last year, a Valencia fan subjected opposing forward Vinícius Jr. to persistent racist abuse.

Persons: Yunus Musah, “ We’re, ” Musah, Darren Lewis, Mike Maignan, Noah Okafor, Musah, Mike, “, ”, ” Maignan, Fabio Maresca, Maignan, Romelu, Vinícius, Pablo Morano, Reuters Musah, ” “, they’re, Omar Beckles, George Floyd, Germany's Leon Goretzka, Mike Lawrence, “ We’d, ’ ”, Milan Women’s Christy Grimshaw, You’ve, “ We’ll Organizations: CNN, US, AC Milan, Soccer, Serie, Udinese, Milan, ” Udinese, Serie A, Ciancaphoto, Udinese Calcio, Italian, Roma, Spanish, Real Madrid, Reuters, England’s, ’ Association, Getty, Milan’s, ” Locations: Italy, Lazio, “, Valencia, New York, London, England

☆ Japan's stock market roared back to life in 2023, and investors expect even more gains ahead. How to trade it
▼ + stars: | 2024-01-25 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Japanese stocks had one of their best years in recent memory, and they could rally even more in 2024. .N225 ALL mountain Big gains for Nikkei in 2023 That momentum has carried into early 2024. What's more, Wall Street sees no signs of Japanese stocks slowing down. In early 2023, Japanese stocks surged after the highest Shunto wage hike in 30 years was passed, at above 3% from above 2% the year prior, according to the Japan Times . Corporate earnings and economic growth Another driver for Japanese stocks this year could be strong corporate earnings and economic growth.

Persons: Warren Buffett, What's, BofA's Masashi Akutsu, Akutsu, Fumio Kishida, Scott Ladner, Ladner, we've, they're, Glovista's Carlos Asilis, there's, Bernstein, Neil Beveridge, Horizon's Ladner Organizations: Mitsubishi, Mitsui, Itochu, Sumitomo, Nikkei, Japan Times, Horizon Investments, Japan, Japan Hedged Equity, U.S . Federal Reserve, Bank of America, Toyota, U.S Locations: Japan, That's

Opinion writer Michelle Cottle watched last night’s New Hampshire Primary results come in alongside supporters of Nikki Haley. She says the battle of head versus heart has just started. In this audio interview, Cottle speaks with Opinion’s deputy editor, Patrick Healy, to break down the primary polls, voter “vibes” and the feeling of déjà vu from 2016. (A full transcript of this audio essay will be available within 24 hours of publishing.)

Persons: Michelle Cottle, Nikki Haley, Cottle, Opinion’s, Patrick Healy, ” Organizations: New Locations: New Hampshire

☆ Despite being a film about female empowerment, 'Barbie' Oscar nominations heavily favored men (and Ken)
▼ + stars: | 2024-01-23 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +3 min

For example, Ryan Gosling received a best supporting actor nomination, but Margot Robbie was snubbed. These include a few pleasant surprises, like best picture and best supporting actress for America Ferrera, who delivers a moving feminist monologue at the movie's climax. But Ryan Gosling nabbed a nomination for best supporting actor as Ken, the heroine's sidekick who becomes obsessed with the power of patriarchy. Related storiesThis might feel like déjà vu for Gerwig, who was similarly snubbed for her direction of best picture nominee "Little Women" in 2020, despite the film being nominated for best picture, best adapted screenplay, best actress, best supporting actress, best original score, and best costume design. Last week, "I'm Just Ken" won best song at the Critics Choice Awards, beating "What Was I Made For?"

Persons: Oscar, Barbie, Ryan Gosling, Margot Robbie, —, America Ferrera, Ryan Gosling nabbed, Ken, Greta Gerwig, Justine Triet, Gerwig, Guillermo del Toro, Jon Kopaloff, Noah Baumbach, who's, Greta, Ken's, Billie Eilish, Gosling, Mark Ronson, Andrew Wyatt, would've, Ronson, Wyatt Organizations: Service Locations: Lipa

☆ These charts show how much traffic has plunged in the Suez and Panama canals — and the potential impact on inflation
▼ + stars: | 2024-01-22 | by ( Aruni Soni | ) www.businessinsider.com time to read: +3 min

Read previewThe number of vessels passing through the Suez Canal and Panama Canal have dropped 50% from normal levels, according to Apollo Management's top economist. AdvertisementSuez Canal slowdownAbout 12% of global trade passes through the Suez Canal, according to an estimate from the US Naval Institute. Related stories"Normally, 200 ships travel through the Suez Canal from south to north over a week, but that number has recently declined to 100," Sløk wrote. Suez Canal traffic is down 50% APThe trouble in the Suez Canal has been ratcheting up as Yemen-based Houthi rebels have been launching attacks against ships in the Red Sea, forcing some ships to take longer — and costlier — detours. And although goods inflation has been tumbling, higher shipping costs could send that back up again if they continue to follow recent trends.

Persons: —, Torsten Sløk, Sløk, Thierry Wizman Organizations: Service, Business, US Naval Institute, Apollo, Container, Shipping, Apollo Management, Macquarie Locations: Suez, Panama, Yemen, Red, Shanghai, Rotterdam, Drewry

Last November, a state judge threw out the results of the Sept. 12 Democratic mayoral primary in Bridgeport and ordered a new primary to take its place. Here’s a look at what to expect on election night:PRIMARY DAY, PART 2The special do-over Democratic primary for mayor of Bridgeport, Connecticut, will be held on Tuesday. WHAT’S ON THE BALLOTThe Associated Press will provide coverage for the special Democratic mayoral primary in Bridgeport. It was 17% of registered party members in the Sept. 12 Democratic primary, down from 21% in the 2019 primary. Turnout for the first Democratic mayoral primary on Sept. 12 was about 17% of registered Democrats in Bridgeport.

Persons: Joe Ganim, Ganim, John Gomes, Gomes, David Herz, Lamond Daniels, Sen, Marilyn Moore, Joe Biden, Ganim eked, it’s Organizations: WASHINGTON, Democratic, Voters, Bridgeport, Press, WHO, AP Locations: Bridgeport , Connecticut, Bridgeport, City Hall, Connecticut

☆ Japan markets are hitting multi-decade highs — will Nikkei scale its all-time peak?
▼ + stars: | 2024-01-15 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Employees work at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Thursday, Jan. 4, 2024. Bloomberg | Bloomberg | Getty ImagesAfter a tumultuous start to the year, Japan's benchmark Nikkei 225 broke past the 35,000 mark for the first time since February 1990 and has been scaling new 33-year highs. The rally in Japan's equity market, which started on Jan. 5, has also seen the broad-based Topix hitting 33-year highs. Speaking to CNBC, Yeap Jun Rong, market strategist at IG Asia struck an optimistic tone, saying that "all stars seem to be aligned for Japan's stock market." In a note last week, the Bank of America called the Japan rally a "déjà vu," comparing it with the Nikkei's rise between April and June 2023.

Persons: Yeap Jun Rong, Yeap Organizations: Tokyo Stock Exchange, Japan Exchange Group Inc, Bloomberg, Getty, Nikkei, CNBC, IG Asia, Bank of Japan, TSX, Bank of America Locations: Tokyo, Japan

☆ ‘Bad case of déjà vu’: Oil industry veteran to lead next round of UN climate talks in Azerbaijan
▼ + stars: | 2024-01-08 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

Azerbaijan's Minister for ecology and natural resources and formerly an executive at state oil company SOCAR Mukhtar Babayev (C) visits at the Norm cement plant in Baku, on February 23, 2023. Azerbaijan named on January 5, 2024, Mukhtar Babayev minister to preside over the November 2024 COP29 meeting, in Baku, on January 6, 2024. A former executive of Azerbaijan's state-owned oil and gas firm SOCAR has been picked to lead U.N. climate talks in Baku later this year, prompting critics to decry a "bad case of déjà vu." It means that a minister with vast experience in oil and gas will lead negotiations at the U.N.'s biggest and most important annual climate conference for the second consecutive year. Campaign group Global Witness said Babayev's appointment as the person to lead COP29 discussions was a "bad case of déjà vu."

Persons: SOCAR Mukhtar Babayev, Mukhtar, decry, Mukhtar Babayev, Babayev, Jaber, COP28, Alice Harrison, Harrison Organizations: Norm, United, Emirates, Abu, Abu Dhabi National Oil Company, Global, United Nations, CNBC Locations: Baku, Azerbaijan, Azerbaijan's, Sultan Al, Dubai, Abu Dhabi

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