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Trump received a mix of applause and audible boos from the crowd of 61,000 football fans. The former US president, who is embroiled in major legal battles and indictments, was attending the 2023 Cy-Hawk football game. Trump visited Iowa State University, where he flipped burgers, threw a football with fraternity members, and autographed photos and footballs, The Associated Press reported. Former President Donald Trump throws a football to the crowd during a visit to the Alpha Gamma Rho, agricultural fraternity, at Iowa State University before an NCAA college football game between Iowa State and Iowa, Saturday, Sept. 9, 2023, in Ames, Iowa. AP Photo/Charlie NeibergallIowa is a key early primary state, and the football game is considered as a crucial campaign stop.
Persons: Donald Trump, Ron DeSantis, Trump, Cy, Jack Trice, Charlie Neibergall, Sen, Joni Ernst, Vivek Ramaswamy, Doug Burgum, Asa Hutchinson, DeSantis, he's, Jeffrey Becker, FiveThirtyEight Organizations: Gov, Republican, Service, New York Times, Iowa State University, Associated Press, Alpha Gamma Rho, Iowa, , Iowa City, Iowa Hawkeyes, NCAA, Iowa State, AP, Florida Gov, North Dakota Gov, Arkansas Gov, Trump, United, Iowa State Cyclones, USA, Sports Via Reuters, Sports Trump Locations: Florida, Wall, Silicon, Ames , Iowa, Iowa, — Ames, Charlie Neibergall Iowa, state's, Hawkeye
A "Where's Melania?" Melania Trump has been absent from the campaign trail as her husband campaigns for a second term. was flown over the Iowa State Fair in Des Moines. banner inquiring about the whereabouts of former first lady Melania Trump was flown above the Jack Trice Stadium in Ames, Iowa. Melania Trump has been virtually absent from the campaign trail, instead remaining in Florida with the couple's son, Barron Trump.
Persons: Cy, Melania Trump, Ron, Saturday's Cy, Donald Trump, Jack Trice, Barron Trump, Trump, Ron DeSantis, Doug Burgum, Asa Hutchinson of, Vivek Ramaswamy Organizations: Iowa, Fair, Service, Iowa Hawkeyes, Iowa State Cyclones, The New York Times, Hawkeye State, Republican Locations: Des Moines, Wall, Silicon, Ames , Iowa, Florida, Hawkeye, Iowa, Govs, North Dakota, Asa Hutchinson of Arkansas
Louie added that he doesn't "know of a single major fund out there that isn't thinking about disruptive tech investing in the U.S., investing in defense tech, investing in microelectronics and AI in the next generation and next iteration." Stephen McCarthy | Sportsfile | Getty ImagesVC funding in aerospace and defense tech has shot up in recent years, according to data compiled by PitchBook for CNBC. The poster child for U.S.-focused defense tech is Anduril Industries, co-founded in 2017 by Oculus Rift designer Palmer Luckey. They can just look at the untapped potential in defense tech. "The government's becoming a better customer," said Shah, who previously served as managing partner of the Defense Department's Defense Innovation Unit, which seeks to accelerate the use of emerging technologies.
Persons: Hadrian, Chris Power Hadrian, Joe Biden, Gilman Louie, Alsop, Louie Partners, He's, Louie, Biden, Lindsay Gorman, she's, Gorman, Chris Power, Power, Hadrian's, Peter Thiel's, Palmer Luckey, Stephen McCarthy, Sportsfile, Anduril, Richard Jenkins, Bilal Zuberi, Lux, Zuberi, Jenkins, Saildrone didn't, Paul Kwan, Catalyst, What's, Kwan, Kyle Harrison, Saul Loeb, Raj Shah, Josh Wolfe, There's, Shah, Wolfe Organizations: Chris Power Hadrian Automation, America's Frontier, U.S, Marshall Fund's Alliance, Securing Democracy, Lux Capital, Fund, Andutil Industries, Enercare Center, Getty, PitchBook, CNBC, Industries, Oculus, Blue Force Technologies, Oceanic, Atmospheric Administration, Navy, Coast Guard, Google, Intel, AFP, Shield, Lux, Defense Department's Defense Innovation Unit, Power, YouTube, China Locations: China, U.S, America, Torrance , California, Los Angeles, Toronto, Canada, Ukraine, New Albany , Ohio, Silicon
Kevin O'Leary once again warned that the Federal Reserve's sharp interest-rate hikes could cause economic chaos. The “Shark Tank” investor is worried about the impact that tightening campaign could have on small businesses. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. You can't say that about small business anymore," he added. "But 60% of America is small business.
Persons: Kevin O'Leary, " O'Leary, O'Leary, Biden, We've, Fox Organizations: Service, Fox Business, Canada's Conservative Party Locations: Wall, Silicon, America, That's
AdvertisementAdvertisementHere are Trump's top five business fraud defenses – in his own words – as revealed in a recently-unsealed deposition transcript. New York attorney general's officeTrying to pass the blame won't work, two attorneys who used to work for previous New York attorneys general told Insider. And you're suing them instead of going after violent criminals," he scolded the attorney general and her lawyers. Then there's the $250 million Trump allegedly pocketed by lying about the size of his collateral. 3: his math is "worthless"At the center of the attorney general's case are a decade's worth of Trump's Statements of Financial Condition.
Persons: Trump, Donald Trump, Letitia James, James, Andrew S, Amer, Kevin C, Wallace, Brittainy Newman, Eric, I've, Mazars, We're, I'm, general's, Kenneth Foard McCallion, Tristan Snell, , Susan Watts, they'd, Snell, McCallion, Donald Trump's, Laura Italiano, Kathy Willens, Jennifer S, Altman, Carlo Allegri, John Minchillo, Drew Angerer, George Washington, Jack Nicklaus, Tom Watson, He's Organizations: Trump Org, Service, York, New York State, New York, AP Trump, Trump Organization, New, Trump University, Trump, Deutsche Bank, NY Daily, Getty, Associated Press Deutsche Bank, McCallion, Associates, Washington, MSNBC, Reuters, U.S, Marriott Marquis Locations: NY, Wall, Silicon, Manhattan, New York, Trump's, Trump Tower, Manhattan , NY, . New York, Trump, New York City, Springs, Westchester County , New York, Mount Kisco, N.Y, Washington ,, Miami
Newton-Rex joined WhatsApp four years ago, leaving her high-level position at London-based financial firm WorldRemit for the new gig. Newton-Rex said Zuckerberg has been "a big part of the team," adding that he regularly speaks with Will Cathcart, the current head of WhatsApp. What's up with WhatsApp's business? In June, Meta said the WhatsApp Business app had quadrupled in the past three years to 200 million monthly active users. The Pew Research Center has previously detailed that WhatsApp is the most popular messaging app used by Hispanic Americans.
Persons: Mark Zuckerberg, WhatsApp, it's, It's, sidelining WhatsApp, Rather, Zuckerberg, Jim Cramer, Alice Newton, Rex, Uber, Newton, WorldRemit, Will Cathcart, Nick Lane, Debra Aho Williamson, Williamson, Jan Koum, Brian Acton, Jan Koum David Ramos, Acton, Koum, Meta, Meta's, that's, Mobilesquared's Lane, Lane Organizations: Facebook, Meta, CNBC, Consumers, Netflix, Insider Intelligence, Getty, Reuters It's, Intelligence, Pew Research Center, Twitter, Cambridge, SMS Locations: WhatsApp, India, Brazil, London, Indonesia, Colombia, Singapore, Newton, U.S, Canada, Spain, Italy, Argentina, North
WBD named Mark Thompson as CNN's new CEO in a shift by David Zaslav to an experienced news leader. Thompson is widely credited with turning the Times into a digital powerhouse, transforming a news organization that was teetering financially. Under Thompson, there also were flops along the way to success for the Times, like the failed NYT Now mobile app. Thompson is expected to be involved in editorialObservers and insiders expressed optimism about the Thompson news. They also will be watching to see how he will carry out WBD CEO David Zaslav's commitment to providing a wider range of political viewpoints, including conservative ones.
Persons: WBD, Mark Thompson, David Zaslav, Thompson, Chris Licht, Ken Doctor, Meredith Kopit Levien, who'd, Times —, Levien, Nate Silver, Jill Abramson, Abramson, wouldn't, Mark, Donald Trump, David Zaslav's, He'll, Jeff Zucker, I've, Zaslav, Licht, he'd, Semafor, James Harding, Andrew Ross Sorkin, he's, Jonathan Miller, Miller, Amy Entelis, David Leavy, Virginia Moseley, Eric Sherling, who's, Leavy Organizations: CNN, New York Times, Warner Bros, Discovery, Max, longtime Times, Times, ESPN, ABC, Observers, BBC, Company, Integrated Media Co, Editorial Locations: British
Uber's CEO Dara Khosrowshahi told The Wall Street Journal that the worst part of Uber driving was food delivery. The CEO's thoughts come after he moonlit as an Uber driver to understand why hiring dipped. When asked the most nightmarish rider experience he had as an Uber driver, Khosrowshahi said that it wasn't the riders that gave him issues — it was delivering food. "I was trying to deliver food and I couldn't find where to drop it off," Khosrowshahi told The Wall Street Journal. Uber drivers have also complained about riders being loud and obnoxious, slamming doors, leaving crumbs on the seats, and running late.
Persons: Dara Khosrowshahi, Khosrowshahi, he's, Uber Organizations: Wall Street Journal, Wall Street Locations: New York City, Minneapolis
Humanity could be on the brink of making major progress in multiple areas of science. These are artificial intelligence, room-temperature superconductors, and nuclear fusion. A lesson from ChatGPT: people get excited by progress when they understand what it means. It's not a surprising attitude from the man who also said "we wanted flying cars, instead we got 140 characters." Efforts remain underway to replicate a room-temperature superconductor's creation.
Persons: Peter Thiel, Thiel, LLMs, chatbot, Marc Andreessen, OpenAI's Sam Altman, Andreessen Organizations: Milken, Peking University, Times, Milken Institute Locations: Korea, Beijing, Silicon, California, ChatGPT
These are artificial intelligence, room-temperature semiconductors, and nuclear fusion. A lesson from ChatGPT: people get excited by progress when they understand what it means. In South Korea last month, researchers declared the discovery of the world's first room-temperature, ambient pressure superconductor – a rock-like material known as LK-99. But if Andreessen and his ilk want the general public to get excited by nuclear energy and superconductors, they have the answer in their own backyard in ChatGPT. Humans need to see and understand the benefits of progress for themselves.
Persons: Peter Thiel, Thiel, LLMs, chatbot, Marc Andreessen, OpenAI's Sam Altman, Andreessen Organizations: Milken, Peking University, Times, Milken Institute Locations: Korea, Beijing, Silicon, California, ChatGPT
I visited the Macy's flagship store in New York City and tried on its new "On 34th" private label. The store appeared to be severely understaffed — no one helped me get a dressing room or at the register. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. "Macy's has a real problem with merchandising, both in terms of buying product, allocating product, and displaying product in a compelling way in its stores," retail analyst Neil Saunders told Insider. Saunders told Insider he's visited more than 50 Macy's stores across the country this year.
Persons: Macy's, TJ Maxx, Neil Saunders, Saunders, he's, Ralph Lauren Polo, Where's Waldo Organizations: Service, UBS Locations: New York City, Wall, Silicon, Manhattan
Fitch Downgrades America
  + stars: | 2023-08-02 | by ( The Editorial Board | ) www.wsj.com   time to read: 1 min
Journal Editorial Report: But where's the recession everyone predicted? Images: Getty Images Composite: Mark KellyThe decision by Fitch Ratings on Tuesday to downgrade U.S. debt has jolted Wall Street and Washington, but why is anyone surprised? The downgrade to AA+ from AAA may even be an overly optimistic assessment of the U.S. fiscal outlook, and it ought to be a warning to the political class, which will ignore it.
Persons: Mark Kelly Organizations: Fitch, AAA Locations: Washington
CNBC Daily Open: July was great for stocks — and oil
  + stars: | 2023-08-01 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Europe's regional Stoxx 600 index eked out a 0.12% increase on the back of a dip in inflation and higher-than-expected economic growth in the euro zone. Upbeat euro zone figuresThe euro zone reported positive economic data Monday. CNBC Pro's Bob Pisani explains what drove the S&P to such heights, and where the index is going for the final five months of the year.
Persons: JPMorgan Chase JPMorgan Chase, Jeffrey Epstein, Virgin, Bob Pisani Organizations: CNBC, Federal, JPMorgan Chase JPMorgan, U.S . Virgin Islands, JPMorgan Locations: U.S
From left: Livia, Randy, Laurenne and Lisette Moreland are back at a World Cup for the first time since 2016. Tara Subramaniam/CNNAmericans from coast to coast have made the trek to Auckland to support the reigning Women's World Cup champions as they seek a record third title. Now, the family is at their second Women's World Cup. Tara Subramaniam/CNNElanor Espey and her mom Katrina from Sacramento, were also in France during the 2019 Women's World Cup and watched games from the fan zone in Paris. Elanor Espey told CNN she's looking forward to seeing "how the teams have developed in the past four years since the last World Cup."
Persons: Livia, Randy, Laurenne, Lisette Moreland, Tara Subramaniam, Moreland, Laurenne Moreland, Adam, Cate, she's, Stephanie, Alex Morgan, CNN Elanor Espey, Elanor Espey Organizations: CNN, USA, FIFA, US, Thailand, National Locations: Auckland, Bethesda , Maryland, Austin , Texas, Reims, France, Australia, New, Sacramento, Paris
With both writers and actors on strike, Hollywood hasn't faced this situation in more than 60 years. SAG-AFTRA union members on Friday hit the picket lines alongside Hollywood writers, who've been striking for nearly three months. Any other use requires the background actor's consent and bargaining for the use, subject to a minimum payment," the spokesperson said in a statement. Union members were quick to decry his remarks as incendiary and out of touch. The 25-year-old has been there since May, when the writers' strike all but paralyzed production in Los Angeles and New York this spring.
Persons: Hollywood hasn't, Laci Mosley, Mosley, Mosley —, Lopez, , Conan O'Brien's, Coco —, Fran Drescher, Drescher, We've, who've, CHRIS DELMAS, We're, they're, Rather, AFTRA, Duncan Crabtree, Sam Russell, Russell, Oppenheimer, Christopher Nolan, Matt Damon, Emily Blunt, Rami Malek, we've, AFTRA who's, Bobby Quillard, Bob Iger, Iger, Bob — they're, Iger's, Jonathan Handel, Puck, you've, Carson Rowland —, it's, Rowland, Carson Rowland, Maria, Rodin, WireImage Rowland, he's, Reed Alexander Organizations: SAG, Hollywood, Paramount, Sirius XM, Writers Guild of America, Alliance, Television Producers, WGA, Getty, Disney, CNBC, Union, Atlas Financial Advisors, Television Locations: Los Angeles, Los Angeles and New York, Sun Valley , Idaho, South Florida, Boca Raton, LA
A Hollywood assistant role has long been a launching point for a career in entertainment. But "there is no blueprint" for how to get such a job, said Cathy Campo, a creative assistant at Netflix. Campo launched The Hollywood Assistant, a monthly newsletter aimed at industry hopefuls, to change that. In February, Campo launched The Hollywood Assistant, a free newsletter that recently released its sixth edition. It's difficult to make ends meet on those salaries in the costly cities where the entertainment industry is most heavily concentrated: Los Angeles and New York.
Persons: Cathy Campo, Campo, she's, , Matthew Belloni, Nick Lachey, She's, Emma Weiss, Jonathan Groff, Alyssa Tumale, Drew Barrymore, Brown, Jimmy Fallon, Michelle Greene, Don Rutledge, Natalie Lifson, Buchwald, Allison Leffingwell, Rutledge, Puck, Reed Alexander Organizations: Netflix, Hollywood, Brown University grad, NBCUniversal, CBS, Disney Entertainment, CAA, Chautauqua Ordway, Campo, Universal, Showtime, Media, Universal Filmed Entertainment Locations: Stillwater, Hollywood, Los Angeles and New York
The AI boom is screwing over Gen Z
  + stars: | 2023-07-17 | by ( Ed Zitron | ) www.businessinsider.com   time to read: +13 min
Now, with the advent of generative AI, organizations are starting to automate many "junior" tasks — stripping away their dubious last attempt to "teach" young employees. America's young workers are headed toward a career calamity. Nobody wants to teach anymoreEven before the rise of AI, young people were facing an early-career crisis. This lack of care is clearly weighing on the young workers who need career development the most. Humans can be enhanced by AI, helped by AI, but replacing them with AI is a shortsighted decision made by myopic bean counters who can't see the value in a person.
Persons: there's, Gen, Gen Zers, it's, Gen Z, Louis, Zers, millennials, Peter Cappelli, Capelli, Paul Osterman, they'd, Osterman, they'll, ChatGPT, Qualtrics, What's, they're, Ulrich Atz, Tensie Whelan, New York University's, Atz, Whelan, , There's, Knight, It's, Ed Zitron Organizations: Management, Federal Reserve Bank of St, National Association of Colleges, Employers, University of Pennsylvania's Wharton School of Business, US Department of Labor, MIT, Pew Research Center, National Bureau of Economic Research, Gallup, Workplace Intelligence, Amazon, Boston Consulting Group, New York, New York University's Stern Center, Sustainable Business Locations: America, New, Fortune
With both writers and actors on strike, Hollywood hasn't faced this situation in more than 60 years. SAG-AFTRA union members on Friday hit the picket lines alongside Hollywood writers, who've been striking for nearly three months. Any other use requires the background actor's consent and bargaining for the use, subject to a minimum payment," the spokesperson said in a statement. Union members were quick to decry his remarks as incendiary and out of touch. The 25-year-old has been there since May, when the writers' strike all but paralyzed production in Los Angeles and New York this spring.
Persons: Hollywood hasn't, Laci Mosley, Mosley, Mosley —, Lopez, , Conan O'Brien's, Coco —, Fran Drescher, Drescher, We've, who've, CHRIS DELMAS, We're, they're, Rather, AFTRA, Duncan Crabtree, Sam Russell, Russell, Oppenheimer, Christopher Nolan, Matt Damon, Emily Blunt, Rami Malek, we've, AFTRA who's, Bobby Quillard, Bob Iger, Iger, Bob — they're, Iger's, Jonathan Handel, Puck, you've, Carson Rowland —, it's, Rowland, Carson Rowland, Maria, Rodin, WireImage Rowland, he's, Reed Alexander Organizations: SAG, Hollywood, Paramount, Sirius XM, Writers Guild of America, Alliance, Television Producers, WGA, Getty, AMPTP, Disney, CNBC, Union, Netflix, Atlas Financial Advisors Locations: Los Angeles, Los Angeles and New York, Sun Valley , Idaho, South Florida, Boca Raton, LA
A Hollywood assistant role has long been a launching point for a career in entertainment. But "there is no blueprint" for how to get such a job, said Cathy Campo, a creative assistant at Netflix. Campo launched The Hollywood Assistant, a monthly newsletter aimed at industry hopefuls, to change that. In February, Campo launched The Hollywood Assistant, a free newsletter that recently released its sixth edition. It's difficult to make ends meet on those salaries in the costly cities where the entertainment industry is most heavily concentrated: Los Angeles and New York.
Persons: Cathy Campo, Campo, she's, , Matthew Belloni, Nick Lachey, She's, Emma Weiss, Jonathan Groff, Alyssa Tumale, Drew Barrymore, Brown, Jimmy Fallon, Michelle Greene, Don Rutledge, Natalie Lifson, Buchwald, Allison Leffingwell, Rutledge, Puck, Reed Alexander Organizations: Netflix, Hollywood, Brown University grad, NBCUniversal, CBS, Disney Entertainment, CAA, Chautauqua Ordway, Campo, Universal, Showtime, Media, Universal Filmed Entertainment Locations: Stillwater, Hollywood, Los Angeles and New York
FedEx's massive overhaul is showing early signs of success but package volumes are still down. For the year ahead, FedEx expects moderate revenue growth of between 1% and 3% year over year. FedEx is expecting package volumes to finally bounce back after five straight quarters of declines. FedEx's guidance for the next 12 months includes moderate revenue growth, somewhere between 1% and 3% year over year. "Green shoots," or signs of potential revenue growth, are beginning to show in Europe however, she said.
Persons: We're, Raj Subramanian, Morgan Stanley, Brie Carere, Carere, hasn't, Jason Furman, Mike Lenz, Subramanian Organizations: FedEx, Tuesday, Target, Harvard Locations: Europe, North America, Trans
However, “I didn't want to make people think that I was an expert,” said Spehar, who filmed the TikTok video from their home in Rochester, New York. Josh Helfgott, a TikTok user with 5.5 million followers, posts a recurring series of videos called “Gay News” discussing current events relevant to LGBTQ viewers. Meanwhile, TikTok is the fastest-growing social media platform for news, according to a report by the Reuters Institute for the Study of Journalism published on Tuesday. Twenty percent of 18-to-24-year-olds use TikTok to learn about current events, up 5 percentage points from last year, the report said. The benefit was mutual: Spehar learned how journalism is produced, while the publisher benefited from Spehar's TikTok skills.
Persons: Josh Helfgott, Magali, Read, Vitus, Spehar, , , Helfgott, Joe Biden, ” Helfgott, Kristy Drutman, TikTok, Lisa Remillard, Remillard, ” Remillard, Magali Druscovich, Sheila Dang, Kenneth Li, Matthew Lewis Organizations: REUTERS, U.S, Capitol, White, Human, New York Times, BuzzFeed News, Reuters Institute for, , Los Angeles Times, Thomson Locations: Los Angeles , California, U.S, Rochester , New York, Tallahassee , Florida, San Diego , California, United States
Former US President Donald Trump arrives to deliver remarks at Trump National Golf Club Bedminster in Bedminster, New Jersey, on June 13, 2023. That sort of comment is further than where many of Trump's rivals for the GOP presidential nomination will go publicly. Still, even out in the open, there are indications that they believe this federal indictment is far more serious than the last one. But the Trump indictment took over, with participants expressing deep concern about backlash and the party's fracturing beyond repair. On one hand, if Trump's GOP rivals blast him, they risk further alienating his committed GOP supporters.
Persons: Donald Trump, aren't, Ron DeSantis, Trump, I'm, Trumper, George Washington, James Madison, Thomas Jefferson, Joe Biden, Hunter, Mick Mulvaney, Mulvaney, MAGA, Mike Pence, Nikki Haley, Sen, Tim Scott, Vivek Ramaswamy, Scott, Haley, Pence, what's, Chris Christie, Christie, Hal Lambert, Larry Steinhouse, — Hallie Jackson, Henry J, Gomez, Jonathan Allen Organizations: Trump National Golf Club Bedminster, GOP, Florida Gov, Justice Department, Trump, Republican, Republicans, NBC News, White, Department, Courier, Street, Former New Jersey Gov, CNN, DOJ, Reuters, CBS, NBC Locations: Bedminster , New Jersey, New York, Florida, Georgia, Lago, Palm Beach , Florida, Charleston , South Carolina, Trump, Pennsylvania
So if you have to come in, where's the best place to go? Note: Most of the companies listed below have multiple office locations beyond the one listed. An open letter to big banks going through an identity crisis. My open letter to big banks. Here's a list of nearly a dozen of the best chocolates you can buy, according to a professional chocolatier.
Persons: Dan DeFrancesco, we've, Spencer Platt, It's, Goldman Sachs, BNY Mellon, We'll, Morgan Stanley, Jefferies, You've, I'm, Gene Wilder, Willy Wonka, Stephanie Cohen, Banks, We've, Brace, it's, Jeffrey Cane, Hallam Bullock Organizations: Getty, Apple, Downtown . Companies, NYSE, BNY, Metro North, . Companies, Bank of America, Barclays, BNP, Midwest, Midtown East . Companies, Blackstone, Millennium, Grand Central, Yards, Hudson Yards, Plaid, Rho Technologies, Connecticut . Companies, Paramount, Maverick Capital, Tiger Global, D1, JPMorgan, LinkedIn Locations: Downtown, JPMorgan, MarketAxess, BlackRock, midtown, — Flatiron, NoHo, Connecticut, Bridgewater, AQR, London, Citadel, New York
Manhattanhenge is happening in New York City on Monday. It's the phenomenon where the setting sun perfectly aligns with the city's street grid. The astrophysicist Neil deGrasse Tyson coined the term. The term Manhattanhenge was coined by the popular astrophysicist Neil deGrasse Tyson, a native New Yorker. The Tudor City Overpass in Manhattan and Hunter's Point South Park in Queens are two more scenic spots, he says.
About 90% of all credit card spending is on rewards cards. More from Personal Finance:5 ways to start paying down credit card debtDoes America's credit habit make a recession inevitable? What to do as credit card rates keep climbingIn 2019, in return for all the spending on these types of credit cards, the largest U.S. banks paid out nearly $35 billion in rewards. In that same year, banks reported more than $140 billion in revenue from all credit cards. More than half of that revenue comes from rewards credit cards, according to Agarwal.
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