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Great Barrier Reef, Australia CNN —As the early-morning sun rises over the Great Barrier Reef, its light pierces the turquoise waters of a shallow lagoon, bringing more than a dozen turtles to life. CNN witnessed bleaching on the Great Barrier Reef in mid-February, on five different reefs spanning the northern and southern parts of the 2,300-kilometer (1,400-mile) ecosystem. “It’s a die-off,” said Professor Ove Hoegh-Guldberg, a climate scientist at the University of Queensland in Australia and chief scientist at The Great Barrier Reef Foundation. Our destination is Lady Elliot Island, a remote coral cay perched on top of the southern end of the Great Barrier Reef. — Lady Elliot Island Eco Resort Guano miners once stripped Lady Elliot Island of its topsoil.

Persons: Elliot Island, ”, Kate Quigley, “ We’re, Ove Hoegh, I’m, Guldberg, ‘, Elliot, Peter Gash, “, ” Gash, Lady Elliot, ” Peter Gash, CNN Gash, Derek Manzello, Peter Harrison, “ We’ve, ” Harrison, ” David Ritter, ” Ritter, David Wachenfeld Organizations: Australia CNN —, Atmospheric Administration, NOAA, CNN, Minderoo, University of Queensland, Eco, Reef Watch, Southern Cross University, Australian Institute of Marine Science, Greenpeace, Australia CNN Scientists, AIMS Locations: Australia, El, Brisbane, Queensland, Red Sea, Indonesia, Seychelles, Caribbean, Florida, “, New South Wales, Greenpeace Australia, Briggs, Elliot Island

☆ CNBC's Inside India newsletter: Will AI make or break India?
▼ + stars: | 2024-05-02 | by ( Ganesh Rao | ) www.cnbc.com time to read: +9 min

But one that could foreshadow India's growth story. Can Teleperformance's stock plunge be the canary in the coal mine for what is likely to happen to India because of AI? But it's likely to be a blip for India's growth trajectory, given the macro forces at play. Besides creating jobs that are less likely to be immediately disrupted by AI, India could also be a net beneficiary of artificial intelligence. The Indian stock market indexes, Sensex and Nifty 50 , are heading for a positive week again — up by 1% and 1.2%, respectively.

Persons: Findlay Kember, Klarna, ChatGPT, K Krithivasan, Krithivasan, Narendra Modi, It's, Shilan Shah, Goldman Sachs, Vinay Dwivedi, Ashok Gulati, Nomura, League Pickleball, Karine Jean, Pierre, Jerome Powell, Raghuram Rajan, Ashish Jain, CNBC's Ayushi Jindal Organizations: AFP, Getty, India's Tata Consultancy Services, Financial Times, TCS, World Bank, International Monetary Fund, University of Oxford, Capital Economics, Investment, Nomura, Qualcomm, Powerchip Semiconductor Manufacturing, UPI, India, Commission, Agricultural, United Pickleball Association, Global Sports, PPA, League, Washington Post, White, U.S ., Federal, CNBC, Reserve Bank of India, University of Chicago Booth School of Business Locations: Swedish, Paris, India, Chennai, U.S, Europe, China, Singapore, South Korea, Canada, United States

☆ Nine Rescued in Atlantic After Days on Wreckage of Migrant Boat
▼ + stars: | 2024-04-30 | by ( Emma Bubola | ) www.nytimes.com time to read: +1 min

After a migrant boat sank and about 50 of its passengers went missing in the Atlantic Ocean off northwestern Africa, nine survivors endured two days on the semi-submerged wreck before they were found, according to Spanish rescuers. The rescue happened on Monday near the coast of the Canary Islands, a Spanish archipelago and a destination along a migration route on which, experts say, many other shipwrecks are likely to have gone unreported. The rescue occurred after a merchant ship reported a sinking vessel 60 nautical miles south of El Hierro, an island in the far west Canaries, said Carmen Lorente Sánchez, a spokeswoman for the Spanish maritime safety and rescue organization. She said rescuers found nine people on board and took them to the island’s airport. The survivors later told the authorities that the shipwreck had occurred two days earlier and that around 60 people were on board when they departed from Senegal, Ms. Sanchez added.

Persons: Carmen Lorente Sánchez, Sanchez Locations: Africa, Spanish, El Hierro, Senegal

☆ Republic First Bank's failure is not a sign of broader problems among regional banks: Analyst
▼ + stars: | 2024-04-29 | 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 EmailRepublic First Bank's failure is not a sign of broader problems among regional banks: AnalystDavid Smith of Autonomous Research discusses why he thinks Republic First Bank is not a "canary in the coal mine" and how a higher-for-longer interest rate environment might affect the regional bank sector.

Persons: David Smith Organizations: Autonomous Research, Bank

☆ 'We can save our planet faster': Robotics tech and software offer efficient reforestation solutions
▼ + stars: | 2024-04-23 | by ( Christine Macintyre | ) www.businessinsider.com time to read: +8 min

Companies are using drones and special software to plant trees and overcome reforestation pain points. Robotics making reforestation more efficientThe tech-driven company Mast Reforestation uses drones and biotechnology to help landowners restore forestland after wildfires. Another company using robotics to plant trees is Flash Forest, which employs automated drones to restore burn sites and other damaged forest areas. To combat this issue, Mast Reforestation uses its custom-built software as a seed-inventory and seed-collection logistics platform. The software helped Mast Reforestation collect enough seeds last year to reforest about 2,100 acres on Sheep Creek Ranch in Montana.

Persons: Matthew Aghai, Aghai, Grant Canary, they're, Chris Ireland, Flash, Randy Johns, Jeff Renton, Forest's Organizations: Service, Global Forest Watch, Forest, Ireland, Business, Flash, Boreal, Keewatin Community Development Association, Flash Forest Locations: forestland, Technology, —, Canada, Ireland, Keewatin, Canadian, Saskatchewan, Montana, , Montana

☆ Travel news: ‘World’s largest wildlife crossing’ being built in Los Angeles
▼ + stars: | 2024-04-20 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +4 min

CNN —In travel news this week: the world’s best and busiest airports, the European capital banning new hotels, the Hawaiian attraction being removed because of bad tourist behavior, plus the real-life animal crossing being built over a California freeway. Snakes will, however, be very welcome on “the world’s largest wildlife crossing,” under construction over the major 101 Freeway in Los Angeles. The Wallis Annenberg overpass will span 10 lanes and provide safe passage for mountain lions, coyotes, bobcats, toads and even ants. World’s best and busiest airportsThe world’s busiest airports were revealed in an annual ranking released Monday, with Atlanta’s Hartsfield-Jackson International holding strong in the No. US National Park Week starts April 20, kicking off with a free entry day on Saturday to all NPS sites.

Persons: Wallis, It’s, Alyssa Kopp, Mary Gomes Kopp, Doha’s, Florence’s, it’s, America’s Organizations: CNN, Aegean Airlines, Atlanta’s Hartsfield, Jackson International, UAE, Qatar, Doha’s Hamad international Airport Locations: California, Tokyo, Osaka, Los Angeles, Crete, Europe, Dubai, Amsterdam, Netherlands, Canary, Spanish, Africa, Italy, Ponte, Lake Mead, Hawaii

☆ A US Navy transport ship deployed to help operate the floating port in Gaza returned home after an engine fire
▼ + stars: | 2024-04-18 | by ( Konstantin Toropin | ) www.businessinsider.com time to read: +5 min

A US Navy ship deployed to help build a floating pier in Gaza returned home after an engine fire. USNS 2nd Lt. John P. Bobo deployed to transport equipment to operate the temporary port. AdvertisementAn M1A1 Abrams tank is off-loaded from the USNS 2nd Lt. John P. Bobo off the shore of Pohang, Republic of Korea. AdvertisementUSNS 2nd Lt. John P. Bobo and USNS Pililaau anchor off the coast of Pohang, Republic of Korea. Australian dock workers secure USNS 2nd Lt. John P. Bobo while members of the U.S. Navy, Marine Corps and Australian Defence Force begin offloading.

Persons: John P, Bobo, —, Pat Ryder, Cpl, Mark W, Stroud, MV Roy P, Baldomero Lopez, Sal Mercogliano, Military.com, Frank S, Besson, Joshua Fulton, Mercogliano, horrendously, I've, You've, Scott Reel, Ryder Organizations: US Navy, USNS, Service, Navy, Pentagon, Army, MV, sealift, Naval Beach, USNI News, U.S . Navy, Marine Corps, Australian Defence Force, Defense Department Locations: Gaza, Jacksonville , Florida, Pohang , Republic of Korea, Tenerife, Africa, Azores, Souda, Greece

☆ 'Our community has never had this much power': How Dearborn became the epicenter of Biden's 2024 headaches over Israel
▼ + stars: | 2024-04-13 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +11 min

"It might be the driving force behind the movement, but it's much bigger than Palestine," said Lexis Zeidan, another Uncommitted movement leader. Bryan MetzgerBut while the Arab American community is particularly concentrated in the Detroit area, with implications for 2024 in a closely-watched swing state, there are plenty of Arab American voters scattered in competitive states around the country. But the key to the movement's ongoing success has been coalition-building with other communities, including African American voters, young voters, and progressive Jewish voters. Organizers with the Listen to Michigan campaign following election results during a watch party in Dearborn, Michigan on February 27, 2024. After founding the Arab American Institute in Washington, DC in 1985, he and others worked in the intervening decades to build up Arab American power.

Persons: —, Abdullah Hammoud, Dearborn, it's, Joe Biden's, Bryan Metzger Layla Elabed, Abbas Alawieh, Ann Arbor, Layla, Alawieh, Biden, Nikki Haley, Donald Trump's, Trump, Rashida Tlaib, We've, Bryan Metzger, James Zogby, Andy Levin, who's, Jesse Jackson's, Jackson, Jeff Kowalsky, Hammoud, there's, – Organizations: Service, Business, Democratic, Israel . Movement, Israel, Dearborn, Muslim, Palestinian American, Arab American Institute, African American, Jewish, Arab, Getty, Arab American Institute in, what's, Michigan Muslim Locations: Dearborn , Michigan, United States, Gaza, Dearborn Heights, Hamtramck, Dearborn, Michigan, Ann, Palestine, America, Yemenis, Arab, Detroit, Florida, Virginia, Pennsylvania, AFP, Arab American Institute in Washington , DC

☆ Canary Islanders call for hunger strike to protest against overtourism they say is pricing them out
▼ + stars: | 2024-04-10 | by ( Jack Guy | ) edition.cnn.com time to read: +4 min

CNN —Locals in the Canary Islands are mobilizing to protest against excessive tourism, blaming visitors for pricing them out of their homes and causing environmental damage. “Every person who joins the human chain sends a strong message to the government: The Canary Islands are not willing to continue sacrificing their future,” it said in a post on Facebook published Wednesday. The group also blames local authorities for approving large tourist developments that worsen existing issues, such as increasing water shortages. “The objective is to create a committee of experts to establish common guidelines,” said Jéssica de León, minister for tourism and employment in the Canary Islands regional government, in a statement published Tuesday. Concerns about the impact of tourism are not unique to the Canary Islands.

Persons: Fundación, ”, “, EyesWideOpen, Jéssica, León, De León Organizations: CNN, Locals, Se Agota, Facebook Locations: Africa, Tourism, Tenerife, Canary, Spanish, Barcelona

☆ The beautiful African paradise islands that most tourists don’t know about
▼ + stars: | 2024-04-10 | by ( Joe Yogerst | ) edition.cnn.com time to read: +9 min

CNN —A couple of African paradise islands have been on the radar of avid world travelers for some time. Shellfish Bay on the island’s windward side shelters one of East Africa’s most spectacular beaches, a crescent of white sand framed by 100-meter dunes. Bazaruto Island Resort, the island’s top digs, can arrange scuba diving and snorkeling, sailing on traditional dhow boats, guided 4x4 wildlife safaris, sandboarding on the dunes and other outdoor activities. Lamu’s best beaches are on the island’s windward side, around a 30–40-minute walk via Shela village. — and an ancient stone nilometer for measuring the river’s water level — reflect the island’s importance during pharaonic times.

Persons: São Filipe, Denis, Ponta, Ariadne Van Zandbergen, Dar es Organizations: CNN, Ethiopian Airways, oneworld, Getty, UNESCO, Heritage, Cabo Verde Airlines, Overseas, Paris Orly, Animalia Museum, Egypt, Vogue, Reserve, Dar es Salam Locations: Mauritius, Seychelles, Canary, Africa, Madagascar, Addis Ababa, Bazaruto, Mozambique, East, sandboarding, Johannesburg, Vilanculos, Lamu, Kenya, Manda, Malindi, Nairobi, JamboJet, Fogo, Cape Verde, Cabo Verde, West Africa, Pico, Verde’s, Praia, Overseas Territory, Réunion, French Caribbean, L’Hermitage, Saint, Paris, Antananarivo, Elephantine, Egypt, Aswan, Bissagos, Guinea, Bissau, Bubaque, Pemba, Tanzania, Zanzibar, Tanga, Dar, FlightLink

☆ Regenerative tourism is the new gold standard for resort development. This destination on the Red Sea is leading the way.
▼ + stars: | 2024-04-03 | by ( Sponsor Post | ) www.businessinsider.com time to read: +7 min

A development organization in Saudi Arabia is changing perceptions of how regenerative tourism can work. He took a different course: Building a vertically-integrated real estate company to deliver The Red Sea. Across its two larger destinations, The Red Sea and AMAALA, RSG is creating 120,000 new jobs, directly and indirectly. Destinations like The Red Sea and AMAALA aim to build a broader, more leisure-focused tourism sector. This article was created by Insider Studios with Red Sea Global.

Persons: John Pagano, Pagano, St Regis, RSG, RSG —, King Abdullah, I've, University of Prince Mugrin, We're Organizations: Red Sea, St, Ritz, Carlton Reserve, imminently, King, King Abdullah University of Science and Technology, KAUST, Saudi, Hospitality, University of Prince, Tourism, Insider Studios, Sea Locations: Saudi Arabia, London, Bahamas, RSG, Central, Saudi, Red

☆ How the Baltimore bridge collapse spawned a torrent of instant conspiracy theories
▼ + stars: | 2024-03-28 | by ( Donie O'Sullivan | ) edition.cnn.com time to read: +9 min

It is entirely possibly that millions of Americans encountered false claims about the bridge collapse when they woke up Tuesday morning before ever seeing the facts. Politics is everythingWhat is perhaps most notable about how quickly and widely conspiracy theories about a breaking news story spread is just how normal this all is right now. Jewish space lasersAs news unfolded on Tuesday, the conspiracy theories continued. Greene has not weighed in on the cause of the bridge collapse. Jewish space lasers were not responsible for the wildfires, nor the Baltimore bridge collapse.

Persons: Francis Scott Key, Israel, ”, Ben Decker, Andrew Tate, Tate, Tate’s, Elon Musk, meekly, Sandy Hook, Alex Jones, “, ” Jones, Jones, Baltimore’s, Baltimore Mayor Brandon Scott, it’s, Biden, Taylor Swift, Joe Biden, Trump, X, David Simon, Simon, –, Marjorie Taylor Greene, Greene Organizations: CNN, Facebook, Maryland State Police, Coast Guard, Baltimore Mayor, Equity, FBI, Republicans, Netflix, HBO, Georgia Republican Locations: Baltimore, Covid, USA, Romania, United Kingdom, Florida, Texas, California, Georgia

The canary in the coal mine for Republicans on the issue of abortion is becoming a full symphony in this cycle's elections. In a stunning turn, a Democrat handily won an Alabama race in a blowout Tuesday night after campaigning almost entirely on reproductive rights. Marilyn Lands, a licensed mental health counselor, emerged from the special election for a state legislative seat with 62% of the vote, compared with 37% for Republican Teddy Powell. Typically with IVF, multiple embryos are created to improve the chances of conception, and unused ones can be destroyed. After the IVF ruling, Alabama lawmakers moved quickly to protect patients and doctors from legal liability for destruction of embryos.

Persons: Marilyn Lands, Republican Teddy Powell, Republican David Cole, doesn't, Trump, Joe Biden, Kamala Harris, Powell, Kay Ivey, Roe, Wade Organizations: Republicans, Democrat, Alabama, Republican, Republican Gov, U.S, Supreme Locations: Alabama, Montgomery, California, Michigan, Vermont, Kansas , Kentucky, Montana and Ohio

☆ Senegal goes to the polls as country’s once sturdy democracy looks shaky
▼ + stars: | 2024-03-23 | by ( Nimi Princewill | ) edition.cnn.com time to read: +9 min

CNN —Senegalese voters will choose their next president on Sunday in a delayed and high-stakes election that poses a test for the country’s democracy. A long list of candidates are running, but two former tax inspectors - one representing the government, the other the main opposition coalition - are considered frontrunners. Just over seven million of Senegal’s 18 million people are registered to vote in this election, the country’s electoral body said. It shows how desperate these young people are due to the failure of President Sall to create employment,” Thior said. The ruling coalition candidate Ba kicked off his campaign promising “massive employment” for young people and improving the “purchasing power of households” by creating thousands of jobs.

Persons: Macky Sall, –, Sall, “, ”, Zohra Bensemra, Ousmane Sene, Mamadou Thior, Sall’s, Amadou Ba, Bassirou Diomaye Faye, Ousmane Sonko, jeopardizing, Sonko, kickstart, Carmen Abd Ali, Faye, John Wessels, Thior, “ We’re, “ Thior, Idrissa Seck, ” Faye, Ba, Michele Cattani, ” Thior, ” Sene Organizations: CNN, Senegalese, BBC, ”, Reuters, West African Research Center, firebrand, president's Alliance, Republic, Getty, Sonko, International Organization for, International Monetary Fund Locations: West African, Senegal, ” Senegal, Dakar, Senegalese, Diourbel, AFP, Republic, Medina, Canary, Europe, Spain, Nicaragua, “

☆ At TEFAF Art Fair, Museums Make Up for Shrinking Private Sales
▼ + stars: | 2024-03-08 | by ( Scott Reyburn | ) www.nytimes.com time to read: +1 min

“This would be a bold acquisition to make,” said Frederick Ilchman, the chair of European paintings at the Museum of Fine Arts, Boston. This extraordinary, long-lost portrait by Lavinia Fontana was an outstanding example of the many works by women artists on show Thursday at the bustling preview of the TEFAF Maastricht fair in the Netherlands. The Fontana portrait was priced at 4.5 million euros, about $5 million, on the booth of the Geneva-based dealership Rob Smeets. Ilchman has regularly traveled from Boston to TEFAF since 2007; in that time, the focus of his acquisitions has evolved. It seems like a useful task to amend this discrepancy,” he added, acknowledging that museums with large holdings of pre-20th art can seem disconnected from the 21st century’s cultural concerns.

Persons: ”, Frederick Ilchman, Antonietta Gonzales, Don Pietro, Duke of Parma, Lavinia Fontana, Rob Smeets, Gentileschi’s, Magdalene, Ilchman, ” Ilchman, “ Organizations: Museum of Fine Arts, Boston, Islands Locations: Maastricht, Netherlands, Geneva, ”, Boston, TEFAF

☆ 34-year-old mom dropped $50,000 to cruise the world with her family: 'It was some of the best money I ever spent'
▼ + stars: | 2024-03-08 | by ( Michelle Schroeder-Gardner | ) www.cnbc.com time to read: +5 min

Last year, I paid $50,000 to go on a four-month cruise that took my family and me to 30 countries. I see the money spent as an investment — not just in travel, but in a collection of memories that we will treasure forever. "Our room for four months months on the cruise, with our balcony view." Photo: Michelle Schroeder-GardnerI bonded with my family in a unique wayAfter our daughter was born, the idea of a world cruise piqued our interest. For example, when we lived on our sailboat, we spent six months in the Bahamas every year.

Persons: Michelle Schroeder, Gardner, Sultan, We're Organizations: Santa Cruz de La Locations: Cartagena , Colombia, Florida, Moorea, French Polynesia, Panama, Polynesia, New Zealand, Asia, Bahamas, Sultan Qaboos, Oman, Australia, Thailand, Turkey, Montenegro, Spain, Mexico, Canary, Santa Cruz de, Santa Cruz de La Palma

☆ This Los Angeles House Really Raises the Bar
▼ + stars: | 2024-03-06 | by ( Matt Shaw | ) www.nytimes.com time to read: 1 min

This article is part of our Design special section about innovative surfaces in architecture, interiors and products. Lucía Cano and José Selgas are architects who have no fear of color. Founders of the studio SelgasCano in Madrid, they designed a conference center in Cartagena, Spain, that looks like a translucent organ glowing orange from within as if it were coursing with alien blood. Their Serpentine Pavilion — one of the famed temporary experimental structures displayed in London each summer — was a sprawling, tentacled cocoon with misty rainbow bands. A decade ago, the couple took their head-snapping palettes and structural whimsy to Los Angeles, where they built a co-working space in Hollywood called Second Home, with dozens of free-standing, canary-yellow-capped pods surrounded by greenery.

Persons: Lucía Cano, José Locations: Madrid, Cartagena, Spain, London, Los Angeles, Hollywood

☆ People with shovels descended on a protected sand dune after influencers said they'd buried $1,000 in a suitcase there
▼ + stars: | 2024-02-27 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe organizers of a Canary Islands music festival have been fined after a promotional stunt saw dozens of people trying to find a suitcase with 1,000 euros, about $1,085, buried in a protected sand dune, according to local reports. The event aimed to create buzz around the DN7 Festival, set to be held in March at a stadium in Maspalomas, a tourist resort on Gran Canaria, El País reported. The dunes are considered a special natural reserve with "incalculable ecological value," according to the official tourism website for the island. Even so, Gran Canaria said it was fining the festival roughly $650 for breaking the rules, according to the outlet.

Persons: —, El País, Maspalomas, ross, ona Organizations: Service, Canary, Gran Canaria, Business Locations: Maspalomas, Gran, El, London, las

☆ An accountant won $78 million in the lottery, but isn't quitting his job until he's wrapped up all his clients' taxes
▼ + stars: | 2024-02-22 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +3 min

A British accountant became a millionaire overnight after he and his wife won around £61 million ($78 million). The press release said that he would work until the end of the UK tax year, on April 5. Debbie Nuttall handed in her notice for her job as a civil engineer after finding out about the win, the press release said. AdvertisementRichard's decision to stay in work to wrap things up is a change when looking at lottery winners of the past. Emily Irwin, a financial advisor to lottery winners, previously told BI that winners have the best chance at protecting their winnings by forming a team of advisors and avoiding overspending.

Persons: —, wouldn't, Richard Nuttall, Debbie, Nuttall, Debbie Nuttall, Richard, Ben King, Emily Irwin, Irwin Organizations: Service, National Lottery, Daily Mail, Sky News, BMW Locations: British, Canary, Portugal

☆ Barclays jumps 8.6% after announcing major strategic overhaul
▼ + stars: | 2024-02-20 | by ( Elliot Smith | ) www.cnbc.com time to read: +4 min

LONDON — Barclays on Tuesday reported a fourth-quarter net loss of £111 million ($139.8 million) as the British lender announced an extensive strategic overhaul, boosting its shares more than 8.6% through the day. For the full year, net attributable profit came to £4.27 billion, down from £5.023 billion in 2022 and below a consensus forecast of £4.59 billion. Credit impairment charges were £552 million, up from £498 million in the fourth quarter of 2022. The business will now be divided into five operating divisions, separating the corporate and investment bank to form: Barclays U.K., Barclays U.K. Corporate Bank, Barclays Private Bank and Wealth Management, Barclays Investment Bank and Barclays U.S. Consumer Bank. Barclays is targeting total gross cost savings of £2 billion and an RoTE of greater than 12% by 2026.

Persons: C.S, Venkatakrishnan, Mariva Rivas, DBRS Morningstar, Rivas Organizations: Citigroup Inc, State Street Corp, Barclays Plc, HSBC Holdings Plc, LONDON, Barclays, Reuters, Momentum, Corporate Bank, Barclays Private Bank, Wealth Management, Barclays Investment Bank, Barclays U.S . Consumer Bank, CNBC, U.S Locations: Wharf

Turnout tends to be lower, and holding an election during a February snowstorm doesn't make voting any more attractive. The fact that the seat in New York’s 3rd Congressional District was scandal-tainted by Santos means the GOP had an extra burden to motivate their voters. Republicans, meanwhile, tend to show up more on Election Day, and Nassau County Republicans have an unusually good turnout machine. Not only did Suozzi win the election, but he was winning in the Nassau County part of the district by 6 percentage points with 93% of the vote in. That margin would mark a massive shift from 2022, when Santos won the county by 10 percentage points over Democratic foe Robert Zimmerman.

Persons: George Santos, Santos, Tom Suozzi, Republican Mazi, Joe Biden's, Pilip, Donald Trump, weren't, Sen, Chris Murphy, Tom Bonior, Bonior, Robert Zimmerman, There's Organizations: Congressional, GOP, Republican, Republicans, Democratic Congressional, Biden, House Republicans, Senate, Democratic Locations: New York’s, New York, Connecticut, Snowplows, TargetSmart, Nassau, Nassau County, Blue America

Credit expanded by just 0.4% in the month, according to the Federal Reserve’s monthly credit report released Wednesday. And it still leaves consumers with record levels of credit card debt. Of that, credit card balances grew by $212 billion to $1.13 trillion, while mortgage balances rose by $112 billion to $12.25 trillion. “Credit card and auto loan transitions into delinquency are still rising above pre-pandemic levels,” said Wilbert van der Klaauw, economic research advisor at the New York Fed. Average card balances rose by 10% from a year ago to $6,360, a record.

Persons: ”, Wilbert van der, TransUnion, Michele Raneri, Scott Haymore, “ Deleveraging, Wells Fargo Organizations: Federal, Federal Reserve Bank of New, Auto, New York Fed, millennials, TransUnion, TD Bank Locations: Federal Reserve Bank of New York, Wells Fargo

☆ NYCB's slide sparks fears of more banking and commercial real estate turmoil
▼ + stars: | 2024-02-07 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

The regional bank reported disappointing earnings, stoking fears of commercial real estate trouble. AdvertisementA smaller lender is facing a firesale of its stock fueled by concerns about its stability, echoing the regional-banking problems last year that stoked fears of a full-blown financial crisis and commercial real estate meltdown. AdvertisementThe increases hit the value of their fixed-income and commercial real estate portfolios. In particular, commercial real estate is under pressure from ongoing remote working, tighter credit availability as lenders have pulled back, and higher debt costs, all of which have weighed on asset values. Treasury Secretary Janet Yellen told lawmakers this week she expects the commercial real estate pressures to "put a loss of stress" on property owners, although she expected it to be manageable, Bloomberg reported.

Persons: stoking, —, stoked, NYCB, Banks, Moody's, Wall, Thomas Cangemi, pare, Janet Yellen Organizations: Community Bancorp, Service, New York Community Bancorp, Flagstar Bank, Signature Bank, Valley Bank, Silvergate, Bloomberg, Federal

☆ Jim Cramer says the stock market rally has stalled because of two important reasons
▼ + stars: | 2024-02-06 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. But Jim Cramer said, "It is not a broadening rally. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Persons: Jim Cramer, Eli Lilly, Lilly, Jim, David Simon, Tim Cook's, We're, Edwards Lifesciences, Jim Cramer's Organizations: CNBC, Broadcom, Nvidia, Micro, New York Community Bancorp, Signature Bank, Silicon Valley Bank, Linde, Club, DuPont, Air Products, Chemicals, Simon Property, GE Healthcare, Technology, Apple, Vision, Ford, Motors, Tesla, Enphase Energy, CVS Health, Yum Brands, Disney, Wynn Resorts, Jim Cramer's Charitable Locations: We're, New York, Silicon, China, Amgen

☆ The unemployment rate of Black men rose in January, underscoring continued inequality in labor market
▼ + stars: | 2024-02-02 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

These workers had the highest unemployment rate when breaking down Black, Hispanic and white workers by gender. By comparison, white men saw a jobless rate of just 3.3% in January, holding steady from December. The overall unemployment rate was unchanged from December at 3.7%. This underscores the impact of job losses among Black men, especially considering the fact that the rate for Black women was unchanged between December and January at 4.8%. The tight labor market experienced during the pandemic helped close the gap in work-related opportunities among Black and white men, she said.

Persons: Elise Gould, Gould, it's Organizations: Fs, Getty, Labor Department, Economic, Institute

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