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Youth unemployment, income inequality, regional disparities, and Russian oil remain big problems. But the work starts there, as he'll have to navigate thorny issues such as youth unemployment, income inequality, and reliance on sanctioned Russian oil. "The other key economic policy was JAM — the trinity of bank accounts for the poor, mobile numbers and a biometric card. Indian demand for Russian oil has cooled in recent months as new sanctions have made it more expensive, but the buying remains controversial. Alexandr Demyanchuk/AFP/Getty ImagesIndia the IT hubUnder Modi, India has made big strides in modernizing its economy, combating bureaucracy, and appealing to foreign investors.
Persons: Narendra Modi, Elon Musk, Jamie Dimon, Tim Cook, , Modi, Goldman Sachs, JPMorgan's Dimon, He's, Musk, Apple's Cook, Joe Biden, Sundar Pichai, Anna Moneymaker, Jensen Huang, Satya Nadella, Alphabet's Sundar Pichai, Richard Rossow, Demonetisation, Kunal Sen, Sen, Tim Graham, Rossow, tycoons Mukesh Ambani, Gautam Adani, Mukesh Ambani, Isha Piramal, Rihanna, Shloka Mehta Ambani, Akash Ambani, Radhika Merchant, Anant, Radhika, Ambani, they'd, Neelima Jain, Vladimir Putin, Alexandr Demyanchuk, Sanjay Shetty, Shetty Organizations: Service, titans, Monetary Fund, Gross, World Bank, Economic, of New, Google, Apple, Nvidia, Microsoft, India, Studies, Center for Strategic & International Studies, United Nations, United Nations University World Institute for Development Economics, University of Manchester, International Labor Organization, Oxfam, Bloomberg, Reliance Industries, Adani, CSIS, Indian, Shanghai Cooperation Organisation, Getty, Modi, Big Tech, Randstad, Economic Times Locations: India, Britain, Japan, Germany, China, of New York, Nimaj, Rajasthan, North Korea, Bihar, Uttar Pradesh, Russia, Ukraine, Europe, Moscow, Western, Samarkand, AFP, Randstad India
4 ingredients to level up your pasta recipes
  + stars: | 2024-05-03 | by ( Karla Walsh | ) edition.cnn.com   time to read: +12 min
With “Anything’s Pastable: 81 Inventive Pasta Recipes for Saucy People,” “I hope that people realize that there’s so much more than they can and should be putting on pasta,” Pashman said. Substitute 3 tablespoons prepackaged toasted rice powder for the 1 teaspoon oil and ¼ cup rice and skip step 1. In a large heatproof bowl, combine the shallots, ¼ cup cilantro, ¼ cup mint, scallions, chili flakes and sugar. Heat the remaining ¼ cup oil in the reserved skillet over high heat until just starting to smoke. Recipe adapted from “Anything’s Pastable: 81 Inventive Pasta Recipes for Saucy People” by Dan Pashman.
Persons: Dan Pashman, , Pashman, , Harper Collins, ” Pashman, Alla, they’re, Pepe Chili Crisp, He’s, e pepe, Gan Ma, Jing, Dan Liberti, Caesar, Skip, James Park, Chili Crisp, Dan Liberti Dan Pashman’s Larb, browning, Karla Walsh, William Morrow Organizations: CNN, , Saucy, Ritz Crackers, Ritz, Sporkful, HarperCollins Publishers Locations: Italy, African, America, Thai, Des Moines , Iowa
The Argentine peso has jumped 25% in three months against the dollar in one key exchange market. AdvertisementArgentina's President Javier Milei still hasn't dollarized the economy as promised, but he has managed to do something that's possibly more shocking: strengthen the peso. This currency has been one of 2023's most devalued tenders, and yet it's now become the top currency against the dollar. In the past three months, the peso has surged 25% in the blue-chip swap market, one of Argentina's key foreign exchanges. It's also ironic that Milei has come to lead the peso out of tougher times, given his loud disdain for the currency last year.
Persons: Javier Milei's, , Javier Milei, he's, It's, Milei Organizations: Argentine, Service, Bloomberg, Financial Times Locations: It's, Argentine, greenbacks
Rising interest rates crushed technology valuations and had a chilling effect on Silicon Valley. Stripe had to take a major haircut along with the rest of the industry as soaring inflation and rising interest rates, starting in 2022, pushed investors out of the riskiest assets, lifted borrowing costs and and forced startups to tighten their belts. "Valuations are a product of interest rates," Collison said. While many tech companies took a hit in 2022 and 2023, Collison said the rising interest rate environment succeeded in flushing out the "wackiest" startup ideas, leaving the best ones to get funded. He pointed to an "overfunding" of marginally good ideas, and "zombie companies" taking too long to go bust.
Persons: John Collison, Collison, Patrick, Elon, We're, Jerome Powell Organizations: CNBC, SpaceX, Wall Street Journal, Federal Locations: Silicon Valley
I tried popular menu items from Franklin Barbecue in Austin and Terry Black's in Dallas. Franklin Barbecue impressed me with its juicy, tender brisket. Terry Black's sold out of brisket, but its variety of tasty sides made it my preferred spot. On a recent trip to Dallas, I tried one of the most famous barbecue restaurants in the city, Terry Black's Barbecue, to see how it compared to my last Texas barbecue experience in 2021. Here's how the two experiences compared, and which barbecue spot my mouth is still watering for.
Persons: Terry Black's, Franklin, , Bon Appétit Organizations: Franklin Barbecue, Service, Franklin, Texas, Dallas, Dallas Observer Locations: Austin, Dallas, Texas
Read previewI never even thought you could — or should — cook a nice steak in the air fryer, but Gordon Ramsay's coffee-and-chili-rubbed rib-eye recipe has totally proved me wrong. Chelsea DavisI combined ground coffee, ancho chili powder, paprika, dark-brown sugar, salt, pepper, ground coriander, ground mustard, ground ginger, and dried oregano. Ramsay recommends letting the steak sit for 15 minutes with the rub onI let my steak sit and soak up the seasoning for about 15 minutes. I heated the air fryer to 390 degrees Fahrenheit and tried to cook my steak to a medium finishThe steak fit snugly in my air fryer. Chelsea DavisI slightly sprayed the basket with oil and cooked the steak for 10 minutes on each side.
Persons: , fryer, Gordon Ramsay's, Chelsea Davis, Ramsay Organizations: Service, Business Locations: Aleppo, cayenne
Meat from dairy cows, rarely valued in American kitchens and restaurants, usually becomes dog food and fast-food burgers. When mature dairy cows (about six years old) are allowed to pasture longer, their fat, which normally goes into milk, returns to the muscles and makes the meat richer and more tender. But a few farms, including Mindful Meat in Marin County, Calif., and Butter Meat Company in Pavilion, N.Y., just west of the Finger Lakes, have been selling meat from culled dairy cows and convincing skeptics. At Stone Barns, dairy cattle are living out their golden years munching on Pocantico Hills grass before becoming the highlight of a tasting menu that can run more than $400 per person. All the beef dishes at the restaurant are made with culled dairy meat; at the Stone Barns store, frozen strip-loin steaks are $24 a pound.
Persons: It’s, Dan Barber Organizations: Meat Company, Stone Locations: Europe, United States, Portugal, Spain, France, Marin County, Calif, Stone Barns, Tarrytown, N.Y, Stone, Pocantico
Katie SchoolovThrasio, the top aggregator of Amazon third-party sellers, is losing its CEO and five other senior executives, months after the former highflier filed for bankruptcy. Greg Greeley, Thrasio's CEO, informed staff on Tuesday that he plans to resign, according to an internal memo viewed by CNBC. Thrasio filed for bankruptcy in February and said it had agreed with lenders to restructure some of its debt load. Alongside the C-suite shakeup, Thrasio is also laying off "employees at every level," according to the memo. They're also inquiring about officers and directors involved in over $300 million in company stock sales "that has given rise to allegations of fraud."
Persons: Prosper, Katie Schoolov Thrasio, Greg Greeley, Josh Burke, Stephanie Fox, Greeley, Thrasio, Goldman Sachs, JPMorgan Chase, They're, Josh Silberstein Organizations: Amazon, CNBC, Finance, BlackRock, JPMorgan, CNBC's, U.S . Customs, Border Protection, GXO Logistics, Walmart Locations: Las Vegas , Nevada, U.S
Specifically, the servers contained some of Nvidia's most advanced chips, according to the previously unreported tenders fulfilled between Nov. 20 and Feb. 28. While the U.S. bars Nvidia and its partners from selling advanced chips to China, including via third parties, the sale and purchase of the chips are not illegal in China. Contacted by Reuters, Nvidia said the tenders specify products that were exported and widely available before the restrictions. Daniel Gerkin, a Washington-based partner at law firm Kirkland & Ellis, said Nvidia chips could have been diverted to China without a manufacturer's knowledge, given a lack of visibility into downstream supply chains. It did not respond to subsequent questions about tenders that identified its products as a source of banned Nvidia chips.
Persons: Wong Yu Liang, Daniel Gerkin, Kirkland, Ellis, Clare Locke, Gigabyte Organizations: Nvidia, Getty, Super Micro Computer Inc, Dell Technologies Inc, Gigabyte Technology, Reuters, Chinese Academy of Sciences, Shandong Artificial Intelligence, Hubei Earthquake Administration, U.S, U.S . Commerce Department, Industry, Security, Super Micro, Dell Locations: China, U.S, Shandong, Hubei, Southwest, Heilongjiang, Washington
India's unorganized sector, which is made up of millions of small businesses that are privately owned, make up about 93% of the country's total workforce. As many as 32% of the respondents said increasing unemployment was the key reason why they would not elect the BJP again. India's Labour Ministry did not immediately respond to CNBC's queries pertaining to the country's unemployment situation. Rajan, who was speaking about how to make India an advanced economy at the George Washington University, said: "Unemployment numbers are high, disguised unemployment is even higher. A slowdown in hiring in India's huge information technology sector is also to blame for the lack of well-paying, white-collar jobs.
Persons: Rahul Gandhi, Narendra Modi, Modi, Gandhi, , Manmohan Singh, Arun Kumar, Lokniti, joblessness, Kumar, Raghuram Rajan, Rajan Organizations: DELHI, International Labour Organisation, Institute of Human, Goods, Services Tax, Jawahar Lal Nehru, CNBC, ILO, Bharatiya Janata Party, Indian National Congress, BJP, Modi, India's Labour Ministry, Former Reserve Bank of India, George Washington University, Labor Locations: India, Bihar, New Delhi
The police had used a facial-recognition AI program that identified her as the suspect based on an old mugshot. AdvertisementThe Detroit Police Department said that it restricts the use of the facial-recognition AI program to violent crimes and that matches it makes are just investigation leads. AdvertisementThe study also found that in a hypothetical murder trial, the AI models were more likely to propose the death penalty for an AAE speaker. A novel proposalOne reason for these failings is that the people and companies building AI aren't representative of the world that AI models are supposed to encapsulate. Bardlavens leads a team that aims to ensure equity is considered and baked into Adobe AI tools.
Persons: , Woodruff, who's, Ivan Land, Joy Buolamwini, Timnit Gebru, Valentin Hofmann, OpenAI's, AAE, Geoffrey Hinton, Christopher Lafayette, Udezue, OpenAI, Google's, John Pasmore, Latimer, Buolamwini, Timothy Bardlavens, Microsoft Bing, Microsoft Bardlavens, Bardlavens, Esther Dyson, Dyson, Arturo Villanueva, I'd, Villanueva, Alza, We're, Andrew Mahon, Alza's Organizations: Service, Detroit, Business, Court of Michigan, Detroit Police Department, Microsoft, IBM, Allen Institute, AI, Dartmouth College, Center for Education Statistics, Big Tech, Udezue, Meta, Google, Tech, Companies, Adobe Locations: That's, American, Africa, Southeast Asia, North America, Europe, Spanish
I tried popular menu items from Franklin Barbecue in Austin and Terry Black's in Dallas. Franklin Barbecue impressed me with its juicy, tender brisket. Terry Black's sold out of brisket, but its tasty sides made it my preferred barbecue spot. On a recent trip to Dallas, I tried one of the most famous barbecue restaurants in the city, Terry Black's Barbecue, to see how it compared to my last Texas barbecue experience in 2021. Here's how the two experiences compared, and which barbecue spot my mouth is still watering for.
Persons: Terry Black's, Franklin, , Bon Appétit Organizations: Franklin Barbecue, Service, Franklin, Texas, Dallas, Dallas Observer Locations: Austin, Dallas, Texas
The rapid rise and fall of ghost kitchens
  + stars: | 2024-04-14 | by ( Kenneth Niemeyer | ) www.businessinsider.com   time to read: +4 min
Ghost kitchens are restaurants with no storefront and no seating that customers never see and which only do delivery. Several influencers and celebrities have used ghost kitchens to produce their own lines of food, like YouTuber Jimmy Donaldson, known online as Mr. AdvertisementAnd as quality issues and late delivery times worsen, some ghost kitchens are starting to see legal challenges. Cracker Barrel also opened its own virtual restaurant using CloudKitchens, another ghost kitchen group, according to Restaurant Business. The company owns three virtual brands, Banda Burrito, The Meltdown, and Burger Den.
Persons: , Jimmy Donaldson, Burger, Noah Schnapp, It's, TenderFix, Brinker, Kevin Hochman, Donaldson, MrBeast, Travis Kalanick, Kelli Valade Organizations: Service, Business, The New York Times, Kroger, Times, Restaurant Business, Banda, Denny's
Israel's reported use of AI in its war against Hamas is highlighting many of the problems concerning future warfare. There are military benefits to AI, but the tools to keep it in check aren't coming fast enough. AdvertisementArtificial intelligence is playing a key and, by some accounts, highly disturbing role in Israel's war in Gaza. AdvertisementIt's time-consuming, and in Israel's case, there's likely been a desire to develop a lot of targets very quickly, Scharre said. That's a substantial number of errors given the scale of Israel's air war and the significant increase in available targets provided by AI.
Persons: Israel's, , It's, we've, Mick Ryan, MOHAMMED ABED, Lavender, Nadav Shoshani, Israel isn't, Peter Singer, JACK GUEZ, Ryan, There's, we'll, Paul Scharre, doesn't, MAHMUD HAMS, Scharre, Ahmad Hasaballah, Ruben Stewart, Georgia Hinds, Singer, it's, António Guterres, Mirjana Spoljaric, Amir Levy, aren't, Clint Hinote Organizations: Service, Getty, Israel's Defense Force, IDF, US, United Nations, Center for New American Security, Cross Military, Armed, UN, International Committee, Machines Locations: Gaza, Australian, Sderot, Israel, Ukraine, America, Russia, China, Hadera, AFP, US, Gaza City, Khan Yunis, Southern Israel
Read previewCruise bookings are predicted to reach record highs this year, but not all itineraries are created equally — especially if you're looking to sail with Disney Cruise Line. When I book, I always make sure Disney's private island in the Bahamas, Castaway Cay, is on the port of call. AdvertisementCharacters usually meet in the morning from around 9 a.m. until 11 a.m., but exact times can always be found on the Disney Cruise Line app. AdvertisementAnd, before I head back to the ship, I stop at the Castaway Cay post office to send postcards back home. Megan duBoisThe postcards I use can be found in the desk drawer of Disney Cruise Line staterooms, and are free to take.
Persons: , I've, Megan duBois, Megan duBois Castaway, it's, Mickey, Mickey Mouse, Minnie Mouse, Megan duBois There's Organizations: Service, Disney Cruise, Disney, Business Locations: Bahamas, Castaway, Megan duBois Castaway Cay, Disney
Two months ago, I wrote a story entitled, "The IPO market is looking very shaky and facing challenges galore." Two months later, the IPO market is still shaky, but there are definite signs of improvement. Second, three $100 million IPOs have filed to go public in the past week, including Viking (the cruise line operator) and Rubrik, a data management platform. Greg Martin at Rainmaker Securities told me that the recent performance of Reddit and Astera Labs, "Were nice shots in the arm for the IPO market. Even with markets at new highs, the specter of interest rates creeping up is still hanging over the IPO market.
Persons: Matt Kennedy, Reddit, Greg Martin, Ibotta, Ingram, Del, Viking, Howe Ng, I'm, Martin, Rainmaker, Santosh Rao Organizations: IPOs, Viking, Renaissance Capital, Astera Labs, Rainmaker Securities, NYSE, UL Solutions, Underwriters Laboratories, Nursing, Centuri Holdings, Labs, Companies, Ingram Micro, Epic, Manhattan Venture Partners Locations: IPOs, Del Monte
Last week, the country's central bank introduced a new gold-backed currency called Zimbabwe Gold, or ZiG, in an attempt to tame price gains that reached a seven-month high of 55% in March. The Zimbabwe dollar — the currency the country most recently used — has tanked 80% this year alone. AdvertisementOn Thursday, Zimbabwe's central bank governor, John Mushayavanhu, said the country has real gold and mineral assets to back up the new ZiG currency. The ZiG started trading on Monday at an exchange rate of 13.56 to the dollar set by the central bank. AdvertisementHowever, moving to the new ZiG currency could solve at least one problem, for a start: a shortage of US coins.
Persons: , There's, John Mushayavanhu, Mushayavanhu, Hasnain Malik, Tellimer, Robert Mugabe Organizations: Service, Zimbabwe, Business, of America, BBC, New Development Bank, International Monetary Fund Locations: Zimbabwe, Zimbabwe's
And — no surprise — you’re also obligated to pay tax on any income or gains you received from your crypto assets last year. If you sold crypto in 2023: You need to calculate whether you had a capital gain or loss. If, instead, you made money on the sale or exchange of your crypto last year, you realized a capital gain. And you may need to report a capital gain or loss on the transaction. You will have to report a $10,000 capital gain too ($20,000-$10,000).
Persons: you’re, Miles Fuller, Fuller, ” Fuller, it’s, bitcoin, That’s, cryptocurrency, , What’s Organizations: New, New York CNN, IRS, Securities and Exchange Commission, SEC Locations: New York, bitcoin
Dredging the chicken involved dipping it in an egg mixture and the flour mixture. Lucien Formichella for InsiderThe dredging process went well, though I definitely should've made more. It was relaxing to drop the chicken into the flour mixture, then the eggs, then back in the flour. Lucien Formichella for InsiderAfter putting the chicken in the air fryer, I genuinely wondered how the tenders would turn out because Popeyes chicken has such a distinct flavor. I left the second precisely as it came out of the bowl, figuring more of the flour mixture would stick to it.
Persons: , fryer, I've, Here's, Lucien Formichella, I'm, I'd, fryer beeped, smokey, would've Organizations: Service, Business, KFC —, KFC Locations: Brussels, Louisiana
Eight passengers were left stranded on São Tomé and Príncipe after missing a cruise ship's boarding deadline. After missing the boarding deadline, the eight people were stuck in São Tomé and Príncipe, an island nation of some 220,000 people off West Africa. It took them six days to get back on the Norwegian Dawn cruise ship, as they missed a chance to re-embark in Gambia before finally getting on board in Senegal. AdvertisementShe explained that cruise lines will hold the ship for passengers on an excursion organized by the company. Jill Campbell, one of the stranded passengers, told NBC News she believed Norwegian Cruise Line had fallen short in a '"basic duty of care."
Persons: , Gracie O'Connor, O'Connor, Tomé, you've, Jill Campbell Organizations: Service, Norwegian, NBC News, Norwegian Cruise Locations: Norwegian, West Africa, Gambia, Senegal
Eight passengers chased their cruise ship around Africa for six days. They were stranded in São Tomé and Príncipe and missed a chance to re-embark in Gambia. AdvertisementA group of passengers left stranded on a small African island after missing a boarding deadline finally managed to rejoin their cruise ship on Tuesday after chasing it for almost a week. The couple had considered not rejoining the ship, believing that Norwegian Cruise Line had fallen short in a '"basic duty of care," Campbell told NBC News. But, six days after being left behind in São Tomé and Príncipe, the cruise line confirmed the eight passengers, including the Campbells, finally re-embarked in Senegal on Tuesday.
Persons: , São, Jill Campbell, Campbell Organizations: Norwegian Cruise Line, Service, Business, Príncipe Coast Guard, ABC, NBC News, Cruise, NBC, Campbells Locations: Africa, Norwegian, Senegal, Gambia, West Africa, Banjul, São, Dakar
Read previewAccess Industries, the investment firm founded by billionaire Len Blavatnik that invested in mental health company Cerebral, is suing the company and another of its backers as tensions mount inside the mental health company, according to documents obtained by Business Insider. It's the latest challenge to the once-hot mental health startup, which launched in 2020 to provide mental healthcare online. The lawsuit, filed by Access Industries on April 2 in Delaware, alleges an undercover power grab by WestCap, another Cerebral investor. A sinking shipOnce the hottest and fastest-growing mental health startup, Cerebral's fall from grace has been stunning. Since then, Cerebral hasn't raised any more venture funding, and the mental health company has conducted at least three rounds of layoffs.
Persons: , Len Blavatnik, WestCap, David Mou, SoftBank Organizations: Service, Business, US Department of Justice, Access Industries, DOJ, Industries, Wall Street Journal, Bloomberg, US Drug Enforcement Administration, New York Locations: Delaware, WestCap
Read previewA couple says they were stranded on a small African island after they missed a cruise ship's boarding deadline, according to local media. Jay and Jill Campbell, from Garden City, South Carolina, described their ordeal with a Norwegian Cruise Line ship in an interview with WPDE, their local ABC affiliate. The cruise line said the passengers missed the "all aboard time of 3 p.m. local time." AdvertisementThough cruise ships need to stay punctual, ruined-vacation stories like this are a reputational risk and might put people off. Last September, more than 200 people got stuck in a remote part of Greenland after their cruise ship ran aground.
Persons: , Jay, Jill Campbell, WPDE, Campbells, São, Jay Campbell, concussed Organizations: Service, Norwegian Cruise Line, ABC, Business, Norwegian Dawn, Príncipe Coast Guard, Campbells, Norwegian Cruise, MSC, Royal Locations: Garden City , South Carolina, West Africa, Norwegian, Gambia, Senegal, Greenland, Brisbane, Royal Caribbean
CNBC Pro asked three fund managers for their stock picks to to buy now and hold for the longer term. The average price target for PepsiCo is $186.77, according to FactSet data, giving it potential upside of 6.7%. According to Factset data, of 30 analysts, 18 give the stock a buy or overweight rating while 12 have a hold rating. According to FactSet data, of 18 analysts, 14 give the stock a buy or overweight rating, three have a hold rating and one has a sell rating. The average price target for PDD is $180.12, according to FactSet data, giving it potential upside of 54.9%.
Persons: David Dietze, PepsiCo Dietze, Dietze, Bud Light, Michael Field, Edenred, Jason Hsu, Hsu, OpenAI, Elon Musk, Sam Altman, Greg Brockman, Altman Organizations: Wealth Management, CNBC Pro, PepsiCo, Coca Cola, Anheuser, Busch, Brussels Stock Exchange, New York Stock Exchange, Euronext Paris Stock Exchange, Microsoft, Rayliant Global Advisors, OpenAI, Nasdaq Locations: Belgian, U.S, South America, Europe, Edenred, China
In January, the legal startup DoNotPay sent more than $1 million to employees and investors in its first-ever dividend. He got the idea from one of his own angels, Sahil Lavingia, whose startup Gumroad issued a dividend last year. The expectation is that when a company sells or goes public, employees will cash in their shares for untold riches. Last year, the digital commerce startup Gumroad paid a dividend of $1 million across employees, investors, and thousands of crowdfunding backers. Cash rewardsBrowder said he wanted to offer a dividend to reward those employees and investors who bet on the startup early.
Persons: Joshua Browder, Browder, DoNotPay, it's, Sahil Lavingia, Josh Seidenfeld, Cooley, Steve Huffman, Spencer Platt, Seidenfeld, Lavingia, Andreessen Horowitz, Greylock, Dylan Field, Scott Belsky, Daniel Dines, Balaji Srinivasan, Cash, there's Organizations: Business, Big Law, Employees, Founders Fund, Adobe Locations: San Francisco
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