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Prime Minister Gabriel Attal has said French voters now have a "moral duty" to halt the party's advance. The officer — a father of three who's in his 40s, and a right-leaning voter — said the polarization in French society was "very worrying, but unfortunately normal with the 'diversity' of our society." The police officer said he expected civil unrest after the vote, whichever party gained the most votes. "There will be civil unrest whoever is elected, this is France and the people speak their mind." Civil unrest possiblePolitical experts agree that the current febrile atmosphere of French politics, and antagonism between the main bodies of voters, are the ingredients for further civil unrest.
Persons: that's, Emmanuel Macron, Macron, Gabriel Attal, Amel, Sebastien Salom, Gérald Darmanin, , You've, Philippe Marlière, you've, Marlière, Jordan Bardella, Bardella, Ifop Organizations: la Republique, Nurphoto, CNBC, Front, Left, Afp, Getty, Republican, France's, Republique, Rassemblement, Anadolu, University College London, National Assembly, National, NATO, Le, Palais des Sports Locations: la, Paris, France's, France, Nantes, gomis, de, Bordeaux, Europe, Ukraine
Last month, I traveled to Timor-Leste, a country located in the South Pacific. It's also the 14th least-visited country in the world and the least-visited in Asia, according to a January report from CEOWorld magazine. Some 81,000 tourists visited Timor-Leste in 2023 — putting it just ahead of Chad and Sierra Leone, per the report. Marielle DescalsotaOnly a handful of airlines fly to Dili, the capital, where the only international airport in Timor-Leste is located. As I grew up in Singapore and can speak some Indonesian, when locals didn't speak English, that was my fallback language.
Persons: , I've, France —, It's, Fernando, Hilton, nasi goreng —, 9Milhas, Gloria, Jesus Christ —, Marielle Organizations: Service, Leste, South Pacific, Business, National Statistics Directorate Timor, YouTube, Google, Timor Plaza, Apartments, East Timor Centavo, US Department of State, Burger, Coffee, Cristo Locations: Maldives, France, Timor, South, Bahamas, Asia, Chad, Sierra Leone, Dili, Bali, Indonesia, Darwin, Australia, Dili's, sightsee, East Timor, Indonesian, Singapore, Marielle, Cristo Rei, It's, Angola
He has a place in history books as the first British Asian prime minister — but now also as the prime minister to suffer one of the heaviest election defeats in Britain’s modern political history. “I would like to see him carry on as prime minister — but the country also needs a change of government,” Dad said. He became prime minister just seven years after becoming an MP — shorter than any other recent occupant of Downing Street. Again, on becoming prime minister, Sunak personally had a much better public reputation than his Conservative Party. Diversity at the topSunak as a Hindu was the first ever British prime minister to practice a non-Christian faith.
Persons: Sunder Katwala, Read, Rishi Sunak’s, Sunder, Sunak, Boris Johnson, Liz Truss’s, Dad, ” Dad, , Liz Truss, Rishi Sunak, Theresa May, Richard Pohle, dented Organizations: British, CNN, Conservative Party, Sunak, Britain, Brexit, National Service of, Reuters, Commonwealth, Reform, Downing, Twitter, Wales Locations: Downing, Britain, India, Covid, London, France, British, Scotland
What exactly are "Black jobs" — and are they really at risk from the recent surge of immigrants? "They're taking Black jobs, and they're taking Hispanic jobs, and you haven't seen it yet, but you're going to see something that's going to be the worst in our history." It's true that Black workers have historically been overrepresented in certain sectors like government and home health care. When it comes to pay, inflation-adjusted weekly earnings for Black workers reached a two-decade high of $314 under Trump. But amid persistent inflation and a cooling job market, Black workers' average weekly earnings declined in the most recent quarter to $293.
Persons: Donald Trump, Joe Biden, Derrick Johnson, Johnson, Trump, , Clinton, Keisha Lance Bottoms, Cherron Perry, Thomas, Biden, haven't, Seth Anderson Organizations: Republican, NAACP, NBC, Black, Americans, Biden, Trump, U.S, Former Atlanta, NBC News, Labor Statistics, Economic Policy Institute Locations: Atlanta , Georgia, U.S, U.S ., Pennsylvania
Hong Kong/Bangkok CNN —International banks are playing a significant role in the Myanmar military junta’s ability to carry out its systematic and deadly assault on its people, a new United Nations-backed report has found. Athit Perawongmetha/ReutersThe Thai connectionSingapore-based entities were Myanmar’s third largest source of weapons and military materials. In 2022, Singapore-based banks facilitated more than 70% of the junta’s purchases passing through the banking system. Looking for other financial institutions, the junta found neighboring Thailand. “Our banking and financial institutions follow banking protocols as any major financial hub.
Persons: Tom Andrews, ” Andrews, Banks, , Athit Perawongmetha, Organizations: Bangkok CNN — International, United Nations, UN, Administration Council, SAC, “ Banking, Military Junta, States, Karen National Liberation Army, Siam Commercial Bank, CNN, Thailand’s Ministry of Foreign Affairs, Economic Bank Locations: Hong Kong, Bangkok, Myanmar, Singapore, Myawaddy, Thailand, Thai, Siam
Kenya president backs down on tax rises after deadly protests
  + stars: | 2024-06-26 | by ( ) www.cnbc.com   time to read: +3 min
Kenya's president on Wednesday withdrew planned tax rises, bowing to pressure from protesters who had stormed parliament, launched demonstrations across the country and threatened more action this week. "Listening keenly to the people of Kenya who have said loudly that they want nothing to do with this finance bill 2024, I concede. And therefore, I will not sign the 2024 finance bill, and it shall subsequently be withdrawn," he said in a televised address. Thousands took to the streets of Nairobi and several other cities during two days of protests last week as an online movement gathered momentum. Protests in Kenya have usually been called by political leaders who can be amenable to negotiated settlements.
Persons: William Ruto, Ruto, Ruto's, Lawmakers Organizations: Wednesday, Kenyan, IMF, The Nation, Kenya Medical, Medical, Protesters, State, World Bank, International Monetary Fund Locations: Kenya, Eldoret, Nairobi
AIPAC is not the only reason Jamaal Bowman lost
  + stars: | 2024-06-26 | by ( Bryan Metzger | ) www.businessinsider.com   time to read: +10 min
Read previewRep. Jamaal Bowman was roundly defeated in the Democratic primary for New York's 16th congressional district on Tuesday, making him the first member of the progressive "Squad" to lose reelection. AIPAC spent over $17 million on Bowman's primary. On the ground, AIPAC's offensive translated into TV ads attacking Bowman and praising Latimer, as well as a deluge of mailers at residents' doors. Congressman Jamaal Bowman won both primaries, upsetting former Congressman Eliot Engel in 2020, and beating two Westchester County legislators in 2022. Months before AIPAC began dropping millions of dollars on the race, polling already showed Bowman struggling against Latimer.
Persons: , Jamaal Bowman, George Latimer, Latimer, Bowman, Israel —, Israel, Maxine Dexter, Susheela Jayapal, Harry Dunn, AIPAC hadn't, Sen, Sarah Elfreth, Dunn, Dave Min, Summer Lee, Lee, Eliot Engel, , IOPvbEwSZe — Daniel Marans, Rashida Tlaib, Spencer Platt, Bowman's, Cori Bush Organizations: Service, Democratic, New, Westchester, Business, American Israel Public Affairs Committee, Israel, Democratic Party, AIPAC, Republican, Law, PAC, Responsive, Capitol Police, California House, Squad, Rep, Teach Coalition, of Justice, Capitol, West Bank, Democrats Locations: Westchester County, Gaza, Oregon's, California, Israel, Pennsylvania, Westchester, Dearborn , Michigan, Detroit, Dearborn, New York, Missouri
And AIPAC’s attacks have galvanized a concerted countercampaign by the left to try to discredit the group, which is bipartisan, among Democratic voters. Mr. Latimer ran up large margins in more moderate suburban communities, including ones with sizable Jewish populations. Mr. Bowman’s opponents churned out an unusually large amount of opposition research against him, including old blog posts dabbling in Sept. 11 conspiracy theories. Mr. Latimer returned to the episode repeatedly to argue that Mr. “He’s making the party look really bad,” said Sandra Altman, citing Mr. Bowman’s fire alarm episode and his left-leaning views, as she voted for Mr. Latimer in Scarsdale.
Persons: Jamaal Bowman, , Bowman, George Latimer, Dave Sanders, Israel, Marshall Wittmann, Bernie Sanders, Alexandria Ocasio, Cortez, Gregg Vigliotti, Bernie Sanders of, Ayanna Pressley, , Latimer, Cori Bush, Biden, , Bowman’s, Stephen Colbert, Cash Cobain, Ocasio, Sanders, Reagan, Paul Feiner, “ I’ve, he’s, ” Marsha Gordon, Ms, Gordon, “ Jamaal Bowman, Sandra Altman, “ He’s, ” Molly Longman Organizations: Democratic, Israel, Westchester County, AIPAC, The New York Times, American Israel Public Affairs Committee, ., The New York Times Left, Justice Democrats, Cortez of New York, Bernie Sanders of Vermont, Massachusetts, Jewish, Democratic Party, Mr Locations: York, New York City, Gaza, Westchester, Israel, New York, Bronx, Cortez of New, Mount Vernon, Missouri, Yonkers, Latimer, Scarsdale, , N.Y
The European Court of Human Rights ruled on Tuesday that Russia and its proxy security forces in Crimea have committed multiple human rights violations during its decade-long occupation of the former Ukrainian territory. Between 2014 and 2018, there have been 43 cases of enforced disappearances, with eight people still missing. The disappeared were mostly pro-Ukrainian activists and journalists, or members of Crimea’s Tatar ethnic minority, the court found. Investigations of the disappearances went nowhere, the court added in its judgment. Men and women were abducted by the Crimean self-defense forces, by Russian security forces or by agents of Russia’s Federal Security Service, or F.S.B.
Persons: Russia’s Organizations: European, of Human, Crimean, Federal Security Service Locations: Russia, Crimea, Ukrainian, Ukraine, Simferopol
They were descendants of Koreans who ​moved to Northeast China​, fleeing Japan’s brutal colonial rule ​in the early 20th century. In a twist of history,​ many like them have come to South Korea in recent decades,​ looking for better-paying jobs in their forebears’ homeland, ​now one of the world’s richest countries. The disaster drew new attention to the stark ​realities faced here by migrant workers, from China and from elsewhere. South Korea, with its shrinking population, has been rapidly increasing the number of workers it accepts from abroad to ​toil at the lowest rung of ​its labor market. Foreign workers are nearly three times as likely as the average South Korean to die in a work-related accident, according to a recent study.
Persons: Locations: China, South Korea, Hwaseong, Seoul, Koreans
Shein, the fast fashion giant with links to China, has confidentially filed for a public listing in London as it faces backlash in the U.S., a person familiar with the matter told CNBC. Elected officials in the U.S. have repeatedly expressed concerns about the use of forced labor in Shein's supply chain and its use of a U.S. tax law exemption known as de minimis. Shein would still prefer to go public in the U.S., sources previously told CNBC, and its filing in London doesn't mean that an IPO will happen there. It's unclear if Beijing has signed off on the London listing. Shein's London filing marks another twist in the company's so-far long road to a public markets debut.
Persons: Shein, It's, Donald Tang, — CNBC's Sara Salinas Organizations: CNBC, U.S, National Retail Federation, U.S . Securities, Exchange Commission, Wall Street Journal, SEC Locations: China, London, U.S, Beijing, Singapore, Xinjiang
In Dagestan, Russian security forces fought an Islamist insurgency in the mountainous region in the 2000s that spilled over from neighboring Chechnya, though attacks have become rarer in recent years. Russian President Vladimir Putin attends a meeting with his election campaign confidants at the Kremlin in Moscow, Russia March 20, 2024. ISIS-K attack on music venueThe coordinated attacks in Dagestan come just weeks after Russia suffered its worst terror attack in decades. For a leader who has long promised security and stability to Russians, the major attack on Russian soil was another powerful blow. In the aftermath of the March attack, Putin called for Russia to remain united.
Persons: Vladimir Putin’s, Putin, Ramzan Kadyrov, Jill Dougherty, Vladimir Putin, confidants, Evgenia Novozhenina, Bashar al, Assad, Prince Mohammed bin Salman, Benjamin Netanyahu, Organizations: CNN, ISIS, Ukraine grinds, Russian Jewish Congress, Attackers, TASS, Russian Federation, Soviet, Hamas, Makhachkala Uytash Airport, Kremlin, Reuters, Saudi, Israeli, Central, Migrants, Kazakhstan — Locations: Russia, Russia’s, Dagestan, Moscow, Derbent, Makhachkala –, Makhachkala, Russian, Republic of Dagestan, Russia’s Caucasus, Caucasus, Soviet Union, Chechnya, , Grozny, Ukraine, , Gaza, Israel, CNN Moscow, Reuters Russia, Iran, Soviet, Tajikistan, Uzbekistan, Kyrgyzstan, Turkmenistan, Kazakhstan
Attacks in Russia’s Dagestan Region: What to Know
  + stars: | 2024-06-24 | by ( Eve Sampson | ) www.nytimes.com   time to read: +1 min
Two bloody attacks in Dagestan, in southern Russia, on Sunday ignited fears of extremist violence on the home front, as the Kremlin pours resources and bodies into its sprawling war in Ukraine. Though little else is known about the attacks, they touched a nerve in a region long strained by separatist and ethnic tensions. Groups of gunmen launched seemingly coordinated attacks on synagogues and Orthodox churches in two cities — Makhachkala, Dagestan’s capital, and Derbent — that are more than 70 miles apart. Though Russian officials called the violence acts of terrorism, they did not blame the attacks on any specific people or groups. No organization has claimed responsibility, and the motive remains unknown.
Locations: Dagestan, Russia, Ukraine, Makhachkala, Dagestan’s
I'm afraid because California, where I live, is just too expensive, and I can't afford to retire here. I can't afford CaliforniaI considered staying put in Los Angeles, in the apartment I've lived in for the past 20 years. The decision was made, I then had to determine what part of the US I'm willing to move to. I like the Midwest, but after 30 years in California, I can't do long winters anymore. Having a comfortable retirement is important to me, and I'm willing to explore other parts of the country to ensure it.
Persons: It's, Black, it's, Organizations: Service, AARP Locations: California, Los Angeles, Southern California, Detroit, East Coast
Read previewThe Titanic may be one of the most popular and identifiable wreckage sites in the history of sea travel. It also may be one of the most overrated, deep-sea explorers told Business Insider. Söhnlein's company, Blue Marble Exploration, recently announced it would venture into Dean's Blue Hole, a site in the Bahamas about 660 feet from the surface. Dean's Blue Hole EyesWideOpen/Getty Images"Dean's Blue Hole is an enigma for geologists studying underwater caverns," Blue Marble Exploration's website says. The company adds that it expects to find "human remains" of people who drowned in the blue hole "due to a variety of misfortunes."
Persons: , James Cameron's, Larry Connor, Karl Stanley, That's, Stanley, Guillermo Söhnlein, OceanGate, Söhnlein, it's, James Cameron, they're, Rush, Nicholas Mevoli Organizations: Service, Business, Titan, Stanley, OceanGate's, Stockton Rush, Stockton, Blue, Blue Marble Exploration, New York Times Locations: Kea, Blue Marble, Bahamas
In this case, my mission was personal: I was seeking records in Altay’s Civil Affairs Bureau on my father’s service in a Chinese army unit six decades earlier. I knew police officers would soon be trailing me, as they did whenever foreign journalists turned up in Xinjiang. President Xi Jinping had begun enacting much harsher policies in the region, home to Uyghur and Kazakh Muslims. I knew that finding anything about my father, Yook Kearn Wong, was a long shot. I asked her if she knew anything about an old army base of mostly Kazakh cavalry soldiers, where my father and a few other ethnic Han soldiers had served in 1952.
Persons: Xi Jinping, Yook Kearn Wong, Wei Yangxuan Organizations: The New York Times, Altay’s Civil, Bureau, Civil Affairs Bureau Locations: Altay, China’s, Xinjiang, Russia, Mongolia, Kazakhstan, Beijing, Kazakh
The dissident’s lone regret after his 200-mile escape across the Yellow Sea was not taking night vision goggles. Nearing the end of his jet ski journey out of China last summer, Kwon Pyong peered through the darkness off the South Korean coast. As he approached the shore, sea gulls appeared to bob as if floating. “I had everything — sunscreen, backup batteries, a knife to cut buoy lines,” he recalled in an interview. In response, he said, he faced an exit ban and years of detention, prison and surveillance.
Persons: Kwon, Organizations: Communist Party Locations: China, Korean, South Korea
The Gaza War Is Dividing the L.G.B.T.Q. Community
  + stars: | 2024-06-22 | by ( Liam Stack | ) www.nytimes.com   time to read: +1 min
In the upscale gay resort town of Fire Island Pines, colorful flags honor L.G.B.T.Q. history makers like the actress Wanda Sykes and the drag queen RuPaul in a small park near the harbor. For a few hours this month, one flag also honored Representative Ritchie Torres, the first openly gay Afro-Latino member of Congress. The dispute on Fire Island, just off Long Island, was just one expression of the tensions over the Gaza war that have wracked American public life. community, whose members hail from every ethnic and social background and tend to be highly attuned to issues of social justice, the war has touched off some especially raw conflicts.
Persons: Wanda Sykes, RuPaul, Ritchie Torres, Torres, Israel, Michael Lucas Organizations: ACT Locations: Fire, Long, Gaza, New
Donald Trump’s potential vice president picks
  + stars: | 2024-06-21 | by ( Kaanita Iyer | ) edition.cnn.com   time to read: +15 min
CNN —Former President Donald Trump has been busy in recent weeks. Doug Burgum speaks during a campaign event with former President Donald Trump, in Laconia, New Hampshire, in January. Vance, shakes hands with former President Donald Trump during a rally hosted by the former president at the Delaware County Fairgrounds in Delaware, Ohio. He is also close with Donald Trump Jr.Vance, a former venture capitalist, veteran and author, is among the candidates who received vice-presidential vetting materials from the Trump campaign. Rep. Byron Donalds speaks before former President Donald Trump at the “People's Convention” of Turning Point Action on June 15, 2024, in Detroit.
Persons: Donald Trump, Trump, Doug Burgum, Al Drago, Burgum, Burgum —, , CNN’s Kaitlan Collins, , ” Burgum, , Sen, Marco Rubio, Joe Raedle, Florida Sen, Marco Rubio —, Rubio, Joe Biden, Vance, Drew Angerer, Vance Ohio Sen, J.D, Donald Trump Jr, Mike Pence’s, Tim Scott, Justin Sullivan, Tim Scott Trump, Scott, Nikki Haley, Elise Stefanik, Chip Somodevilla, Stefanik, Stefanik —, she’s, Ben Carson, Anna Moneymaker, Carson —, — didn’t, ” Carson, Carson, ” Trump, Byron Donalds, Carlos Osorio, Ron DeSantis, Donalds, Jim Crow, ” Donalds, ” “, Tasos Katopodis, Biden, Haley, ” Haley, didn’t, Tom Cotton, Andrew Harnik, Tom Cotton Arkansas Sen, Cotton, Tulsi Gabbard, Brendan Smialowski, wokeness, ” Gabbard, Gabbard, CNN’s Veronica Stracqualursi, David Wright, Shania Shelton, Kristen Holmes, Steve Contorno, Stephen Collinson, Avery Lotz, Manu Raju, Alayna Treene, Kate Sullivan, Aaron Pellish, Jeff Zeleny, Eva McKend, Gregory Krieg, Kylie Atwood, Arit John, Ebony Davis, Clare Foran, Ali Zaslav, Ted Barrett Organizations: CNN, Republican National Convention, North Dakota Gov, Bloomberg, Getty, Doug Burgum North Dakota Gov, Microsoft, Trump, Miami - Dade Country Fair, Delaware County Fairgrounds, Capitol, Fox News, Greenville Convention Center, South, Republican, Senate, South Carolina Gov, Grace Baptist Church, Ben Carson Former Housing, Urban, Department of Housing, Florida Gov, Trump ”, Democratic, Press, GOP, United Nations, UN, National Security Council, House, Senate Republican, NBC, Conservative Political, Conference, Tulsi, Former Hawaii Rep, Democratic National Committee, Democrat, New York Times, Defense Department, State Department Locations: New York, Laconia , New Hampshire, Miami, Florida, Delaware, Delaware , Ohio, Congress, Ukraine, Greenville, Greenville , South Carolina, South Carolina, Grappone, Concord , New Hampshire, Marion , Iowa, Detroit, Byron Donalds Florida, Trump, West Des Moines , Iowa, Washington , DC, Afghanistan, Iraq, National Harbor , Maryland, AFP, American
Paris CNN —French soccer superstar Kylian Mbappé made a dramatic foray into the country’s election campaign this week, but don’t expect the striker to have an influence on the outcome. The far-right National Rally party of anti-immigration leader Marine Le Pen is leading in the polls, and most pundits suspect her populist movement has never come this close to power. Leaders of the French far-right National Rally, Marine Le Pen and Jordan Bardella, attend a rally ahead of the European Parliament elections where the party had huge success earlier this month. In 2006, Marine Le Pen’s father, far-right patriarch Jean-Marie Le Pen, suggested there were too many “players of color” on the national side. While millions will cheer them on at the Euros, they serve as a visible reminder of the country’s changing demographics — an issue which animates voters for the National Rally like no other.
Persons: Adam Plowright, , Emmanuel Macron —, Read, Kylian Mbappé, Adam Plowright Adam Plowright, , Marcus Thuram, Mbappé, Emmanuel Macron, Marine, Macron, Le Pen’s, Le Pen, Jordan Bardella, Gonzalo Fuentes, Bardella, today’s TikTok, Thuram —, Lilian, Aime Jacquet, Stu Forster, Marcel Desailly, Zinedine Zidane, Didier Deschamps, Le, Jean, Marie Le Pen Organizations: Paris CNN —, UEFA, , Real Madrid, Ipsos, Reuters, YouTube, Brazil, National Locations: Paris CNN — French, Germany, Paris, Cameroon, Algeria, France, United States, Europe, Guadeloupe
Here Is Why Many Fear More Bloodshed in Darfur
  + stars: | 2024-06-19 | by ( The New York Times | ) www.nytimes.com   time to read: 1 min
Overshadowed by the fighting in Ukraine and Gaza, Sudan’s brutal civil war has been spreading for months across the western Darfur region, where atrocities were seared into international consciousness 20 years ago. Now global attention is starting to focus on the siege of a city in Darfur, where chaotic violence has stoked fears of another ethnic slaughter, and even genocide. Here is what we know. A Risk of Ethnic SlaughterThe battle for the city of El Fasher, the capital of North Darfur, may have made the war too big to ignore. The U.N. Security Council, in a near-unanimous vote, has demanded an end to the siege there.
Persons: El Fasher Organizations: . Security Locations: Ukraine, Gaza, Darfur, El, North Darfur
A Massacre Threatens Darfur — AgainDarfur SUDAN El FasherA civil war is ripping apart Sudan, one of Africa’s largest countries. Yet a New York Times examination of satellite imagery and video from El Fasher make one thing clear:The assault is intensifying. DARFUR R.S.F. Whole neighborhoods were razed, similar to the destruction in parts of southern and eastern El Fasher in recent months. “The videos from El Fasher could become critical evidence in future trials for crimes in Darfur.”
Persons: Sudan’s, Al Salam, Abu Shoak, El Fasher Al Salam, Abu, Mohamed Zakaria, Thomas van Linge, , Mellit, El Fasher, , El, El Geneina, Janjaweed, Linda Thomas, Greenfield, Ali Yagoub Gibril, Al Zeer Salem, Fasher, Matthew Gillett, , ” Mr, Gillett Organizations: Fighters, Rapid Support Forces, . Security, New York, El, Sudanese, Al Salam Camp, Camp, Reuters Fighters, Yale, Research, , Times, Centre, Information Resilience, Mellit El, Support Forces, Google, , Islamic Relief, United Nations, The Times, U.S . Treasury, Broadcasting, University of Essex Locations: Darfur, SUDAN El Fasher, Sudan, El, DARFUR, El Fasher, East Darfur, Sudan’s, Chad, El Geneina, American, Spain, Central Darfur
Wall Street is turning more bullish
  + stars: | 2024-06-18 | by ( Krystal Hur | ) edition.cnn.com   time to read: +6 min
New York CNN —It’s tough being a Wall Street bear these days. The S&P 500 index has climbed nearly 15% this year and clinched 30 record-high closes. The new backdrop of cooling inflation coupled with rate cuts on the horizon is prompting investors to up their bullish wagers. Evercore ISI raised its price target to 6,000 for the S&P 500, a reversal from its previous, more gloomy 4,750 target. Much of the S&P 500 index’s returns are tied to the mega-cap tech Magnificent Seven stocks, leaving the market dependent on just a handful of names to continue its monster run.
Persons: New York CNN —, Goldman Sachs, , Julian Emanuel, index’s, Bacon, Danielle Wiener, Bronner, fuming, Jin Bian, Samantha Delouya, Bian, , Ron DeSantis, isn’t, Bill 264, Sellers, Read Organizations: CNN Business, Bell, New York CNN, Federal Reserve, ISI, Evercore ISI, Shoppers, Bureau of Labor Statistics, CNN Locations: New York, Monday’s, Florida, Tampa , Florida, Nanjing, China
Hispanic consumers will likely continue buying Constellation Brands beer even as they tighten their purse strings, according to Jefferies, which can help the company as many shoppers experience economic stress. More than 40% of households purchasing Constellation's beer brands such as Corona and Modelo are Hispanic, according to Jefferies analyst Kaumil Gajrawala. But the Hispanic consumer base is tightening its belt elsewhere within the budgets and keeping up its Constellation spending, the analyst found. Jefferies data shows total beer spend across brands from Hispanic buyers is down 9% from 13 weeks ago. At Constellation Brands specifically, it ticked up just 1%, clearly boosted by the continued support of the Hispanic community.
Persons: Jefferies, Kaumil Gajrawala, Gajrawala Organizations: Constellation Brands, Corona, Modelo, Jefferies, Constellation, America
It’s just purchasing property,” Bian, who is originally form Nanjing, China, said. Bian and other Florida residents told CNN that the rules have fostered uneasiness and confusion among ethnic Chinese people living in the state. Some say the law has damaged their businesses, while others say they are considering abandoning Florida altogether. Ever since Florida Senate Bill 264 went into effect on July 1, 2023, Chinese citizens without green cards face a felony charge and possible prison time if they purchase property in the state. For Chinese citizens without the permanent right to live in the US, specifically, the law goes a step further, barring the group from purchasing any property in the state.
Persons: CNN —, Jin Bian, Bian, , Ron DeSantis, isn’t, Bill 264, Sellers, , Echo King, ” DeSantis, Clay Zhu, ” Zhu, Susan Li, Li, TikTok, Glenn Youngkin, Teresa Jin, ” Jin Organizations: CNN, Echo, Florida Asian American Justice Alliance, United, Chinese Communist Party, CCP, American Civil Liberties Union, US, US Department of Agriculture, Virginia Republican Locations: Tampa , Florida, Nanjing, China, Florida, Russia, Iran, North Korea, Cuba, Venezuela, Syria, “ Florida, United States, People’s Republic of China, Orlando , Florida, Montana, Virginia, California
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