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☆ White House, Capitol Hill divide on use of military in Red Sea is getting dangerous for the economy
▼ + stars: | 2024-02-04 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +5 min

U.S. import and export data shows that the majority of the country's trade is on foreign-flagged vessels. The Congressional calls to consider prioritizing U.S.-flagged vessels come at a time when the Iranian-backed Houthis continue to attack shipping in the Red Sea. Other nations, including U.S. ally France, have already declared their priority is to escort French-linked vessels after facing nationalistic pressure. "It could also be argued that directing military action to defend U.S. commercial shipping is within this power. However, most vessels transiting through the Red Sea are not U.S. ships, which raises questions about the extent to which these authorities can be exercised," they wrote.

Persons: Gerald R, Dwight D, Eisenhower, Mohammed Al, —, Biden's, Charles, Bud, Darr, Salud Carbajal, Hapag Lloyd, Carbajal's, Tim Kaine, Todd Young, Chris Murphy, Mike Lee Organizations: United States, Ford, Anadolu, Getty, Capitol, U.S, MDS Transmodal, Congressional, Gaza, Senate Foreign Relations, White House, Representatives, MSC, U.S . Navy, Maersk, White, Senate Armed Services, Foreign Relations, Senate, Relations, Counterterrorism Locations: Red, U.S, Iranian, Iran, France, Marshall, United States, East, South Asia, Central Asia

☆ It's not just you — furniture is garbage these days. Here's what you can do about it.
▼ + stars: | 2024-02-03 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +10 min

AdvertisementMike Coleman has seen a lot in his five years selling vintage furniture. Reselling high-quality, vintage furniture is a growing business. taikrixel/Getty ImagesHow furniture materials got so…cheapInnovation in materials during the 20th century disrupted the furniture business. It's not just about where you look for quality furniture, but also about rethinking the decision-making process before purchasing a piece. Coleman, of Big Mike's, said even he acknowledges that in today's world, it's impossible to buy vintage 100% of the time.

Persons: —, Mike Coleman, I'm, Coleman, CoCo Ree Lemery, grandkids, Lemery, Jonathan Adler, it's, There's, she'd, James W, Gayle DeBruyn, Anthropologie, DeBruyn, Gary Coronado, Big Mike's Organizations: Service, Purdue University, Consumers, Furniture, Kendall College of Art, Ferris State University, Urban, Los Angeles Times, Facebook, Ikea Locations: Chicago, China, Williams Sonoma, India, Zara, Banana Republic, Watts, Los Angeles , CA

Learn moreWith her 2024 concert tour drawing closer, there are a few options to consider when thinking about how to buy Nicki Minaj tickets. The first performance in Nicki Minaj's Pink Friday 2 World Tour is on March 1 in Oakland, California. We've got you covered if you're looking for how to get tickets to Nicki Minaj's world tour. Nicki Minaj 2024 tour scheduleNicki Minaj's 2024 world tour begins on March 1 and is scheduled to end in June. The prices for original tickets are still comparable to the prices of resale tickets for most Nicki Minaj concert dates.

Persons: Nicki Minaj, Nicki Minaj's, Nicki Minaj's Pink, We've, Minaj Organizations: Business, Afro Nation, AZ, New, IL, Ticketmaster, Gag Locations: Oakland , California, North America, Europe, Oklahoma City, Afro Nation Portugal, Oakland, Denver, Vegas, Seattle, WA, Phoenix, Inglewood, CA, Orleans, LA, Atlanta, Orlando, Nashville, TN, Charlotte, NC, Newark, NJ, Philadelphia, New York City, NY, Washington, Baltimore, Brooklyn, Hartford, Boston, Columbus, Milwaukee, Montreal, Canada, Toronto, ON, Detroit, MI, Chicago, Minneapolis, Houston, Dallas, Austin, Oklahoma, Amsterdam, Netherlands, Manchester, England, Birmingham, London, Glasgow, Scotland, Paris, France, Netherland, Cologne, Germany, Berlin, Copenhagen, Denmark, Stockholm, Sweden, Portugal, Inglewood , California, New Orleans, New York

☆ California Gov. Gavin Newsom wants the Supreme Court to make it easier to clear homeless encampments. Advocates say that will make the crisis worse.
▼ + stars: | 2024-01-31 | by ( Eliza Relman | ) www.businessinsider.com time to read: +6 min

The Supreme Court will review a Ninth Circuit decision protecting unsheltered homelessness. AdvertisementThe Supreme Court earlier this month announced it would take up the most consequential case dealing with homelessness in decades. Gavin Newsom, have also asked the Supreme Court to overturn the ruling, arguing that it makes it difficult or impossible to address the homelessness crisis. Last year, a Maricopa County judge ordered Phoenix officials to clear the Zone. "Local officials can still cite, arrest, and prosecute people for any other violation of the law, including for all crimes against people and property."

Persons: Gavin Newsom, —, Johnson, California's, Newsom, Kate Gallego, Jeffrey Selbin, Selbin, Jesse Rabinowitz, court's Organizations: Circuit, CA Gov, Service, Ninth Circuit, California Gov, Phoenix, UC Berkeley, Advocacy Clinic, National Homelessness Law Locations: Grants Pass , Oregon, Martin v, Boise, Phoenix , Arizona, Maricopa, Phoenix, San Diego, San Francisco

☆ 'The shooting has to stop': World's biggest shipping company pleads with Congress to help end Houthi Red Sea chaos
▼ + stars: | 2024-01-30 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +6 min

Ralby stressed the crisis in the Red Sea is not just a U.S. problem, but recent attacks by the U.S. military have led to greater targeting of its vessels. After those attacks, Maersk announced it would no longer be transiting the Red Sea. MSC announced on December 17 that it would divert its services that would typically transit the Red Sea and the Suez Canal around the Cape of Good Hope. Sailing around the Cape of Good Hope to avoid the Red Sea adds one to two weeks to a one-way shipping journey relative to the Red Sea and Suez Canal. Rising freight costs were a big component of inflation during Covid and the Red Sea crisis has renewed fears that another bout of supply chain-triggered inflation could occur.

Persons: Ralby, Ian Ralby, Darr, Charles, Bud, Salud Carbajal, Biden, Hapag Lloyd, Bab, Good Hope, Jon Gold, Phillips, Ralph Lauren, Levi Strauss, Gold Organizations: U.S, Mediterranean Shipping Company, U.S . Navy, Coast Guard, Maritime Transportation, MSC, Senate Foreign Relations Committee, Maersk, Maersk Detroit, Maersk Chesapeake, Navy, Intelligence, Suzuki, Volvo, Michelin, Ikea, National Retail Federation, Bank of America, Van Heusen Corporation, Birkenstock, Capri Holdings, Nike, Corp Locations: Suez, Ismailia, Egypt, Yemen, U.S, Iran, Gulf, Aden, Maersk, Good, Europe's, Asia, Europe, Vietnam

☆ The real Paleo diet was heavy on plants with very little meat, according to a study of early human remains
▼ + stars: | 2024-01-24 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +6 min

Read previewThe popular Paleo diet is based on the belief that we are better off eating like our ancestors by sticking to a largely meat-heavy diet. "One way to think about it is as soon as anybody tells you that the Paleo diet was one thing, you can stop listening," said Pontzer, who wasn't involved in the study. The paleo diet is a high-protein diet that emphasizes unprocessed foods. AdvertisementThere is no one Paleo dietThis isn't the only research that disproves the model often held up by proponents of the modern-day definition of the Paleo diet. What's clear is that a meat-heavy diet isn't reflective of what people ate thousands of years ago.

Persons: —, Randy Haas, Herman Pontzer, Pontzer, wasn't, Haas, Loren Cordain Organizations: Service, Business, University of Wyoming, Duke University, University of Liverpool, BI Locations: Peru, Patjxa, Germany

☆ Live updates: Tesla to report 4th-quarter earnings
▼ + stars: | 2024-01-24 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +1 min

It indicates the ability to send an email. Electric-vehicle demand could hit a low later this year, Morgan Stanley saysA Tesla supercharger station at Burbank Town Center, in Burbank on Friday, Sept. 4, 2020 in Burbank, CA. Kent Nishimura /Getty ImagesMorgan Stanley has warned of an imbalance of EV supply and demand which could weigh on Tesla this year. "Looking ahead, are we approaching maximum market negativity on EVs? We believe the trough may happen towards the latter part of 2024," the bank said in a note, citing influences stemming from the EU Parliamentary and US presidential elections.

Persons: Morgan Stanley, Kent Nishimura, Hertz Organizations: Burbank Town Center, Getty, EU Parliamentary Locations: Burbank, Burbank , CA, China

☆ Has the LA scene fizzled? SoCal has fallen further behind the Bay Area, NYC and Boston for startup funding: 'People deep in AI are just not in LA'
▼ + stars: | 2024-01-23 | by ( Ben Bergman | ) www.businessinsider.com time to read: +8 min

But last year, the LA tech scene stalled, according to Carta data. Startup funding plummeted everywhere, but nowhere experienced a steeper decline than LA, where funding declined 65% from 2022. CartaLA's startup funding dropped 65% last year, a steeper decline than the Bay Area, New York or Boston. "They're very deep AI companies, but they're being applied to a vertical, which is one of the strengths of LA," Ingersoll said. Bird goes bust and Snap snaps backThere was more bad news for LA's startup scene in 2023 than just the dismal funding numbers.

Persons: Ethan Aldrich, Aldrich, there's, Andreessen Horowitz, a16z, Katia Ameri, Ameri, VCs, Nikita Bier, Bier, Mark Suster, Suster, LA's, we're, Palmer Luckey, Minnie Ingersoll, Ingersoll, Bird, Zillow, Spencer Rascoff, Evan Spiegel ERIC PIERMONT, Ishan Singh, Singh Organizations: Stanford, Business, Lightspeed Venture Partners, Coatue Management, LA Tech, LA, Carta, Honest Company, New, Boston, Microsoft, Clark, SpaceX Locations: Santa Monica, Southern California, LA, Santa, Hayes, San Francisco, Los Angeles, San Francisco and New York, New York, Boston, Carta, San Diego, Seattle, Hawthorne , CA, Costa, Bay

Let us walk you through how to get Madonna concert tickets at the best prices. Here's our breakdown of Madonna's 2024 tour schedule, purchasing details, and original and resale ticket prices. Madonna 2024 tour scheduleMadonna still has plenty of shows left in her Celebration Tour throughout 2024. You can buy original standard, premium, and VIP tickets for Madonna's Celebration Tour through Ticketmaster. Madonna's 2024 tour began with the international leg in Europe, so the only remaining concerts in The Celebration Tour outside the United States are in North America.

Persons: Madonna, We've, Saint, Bob the, she'll Organizations: IL, FL, Ticketmaster, Vivid Locations: North America, Canada, Mexico, Argentina, Mexico City, York, NY, Philadelphia, Chicago, Pittsburgh, Cleveland, Saint Paul, Seattle, WA, Vancouver, BC, Sacramento, Francisco, Vegas, Inglewood, CA, Phoenix, AZ, Denver, Dallas, Houston, Atlanta, Tampa, Miami, Austin, New York City, Pittsburgh , Pennsylvania, Palm Desert , California, Saint Paul , Minnesota, San Francisco , California, Europe, United States

☆ Homebuilt plane sold last year for $100,000 crashes into ocean off California coast, likely killing 4 people
▼ + stars: | 2024-01-20 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

A homebuilt aircraft crashed into the ocean just south of San Francisco on Sunday. AdvertisementA small homebuilt aircraft crashed off the coast of California on Sunday, The Associated Press reported. But the following morning, authorities said a fishing boat spotted a "deceased female" in the water, which they said was "likely associated with the plane crash given she was located in the same location." The Cozy Mark IV is 16.9 feet long with a wing span of 28.1 feet. It has a top speed of 200 mph and can travel around 1,000 miles, per Aircraft Spruce & Specialty Co., which sells plans for the Mark IV.

Persons: —, Mark IV, Emma Willmer, Lochie Ferrier, Cassidy Petit, Thane Ostroth, Ostroth, Marc Zeitlin, Zeitlin, Mark Organizations: Sunday, Service, Associated Press, Federal, Facebook, San, San Mateo County Sheriff's, Coast Guard, CHP, Aeronautical, National Transportation Safety Board, Cozy, AP, NTSB, Federal Aviation Administration, FAA, Specialty Co Locations: San Francisco, California, San Mateo County, Moss Beach , CA, Australian, United States

LOS ANGELES (AP) — Music festival obsessives, the wait is over. The 2024 Coachella Valley Music and Arts Festival lineup is here. Lana Del Rey, Doja Cat and Tyler, the Creator will headline this year's festivities, joined by an unexpected No Doubt reunion. The band's last album, “Push and Shove,” was released 12 years ago — during the band's first reunion. Coachella Valley Music and Arts Festival returns to the Empire Polo Club in Indio, CA for two weekends: April 12 – 14 and April 19 – 21, 2024.

Persons: Lana Del Rey, Doja, Tyler, Gwen Stefani, ”, Bizarrap, Young Miko, Lil Uzi, Sabrina Carpenter, Carin, J Balvin, Lil Yachty, Reneé Rapp, Grimes, presale Organizations: ANGELES, Valley Music, Arts, Coachella Valley Music, Arts Festival, Empire Polo Club Locations: Mexican, Coachella, Indio , CA

☆ 20 metro areas expected to see the fastest-appreciating real estate in 2024 and 5 most at risk of declining. Plus, what will happen to mortgage rates, according to a property data firm.
▼ + stars: | 2024-01-15 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

Tight inventory, combined with pent-up demand, kept prices in an uptrend last year despite 23-year-high mortgage rates, according to Selma Hepp, CoreLogic's chief economist. AdvertisementCooling mortgage rates and newly built homes will help bring more houses on the market but won't create enough inventory to outpace demand, wrote Hepp. She isn't expecting much change to mortgage rates but said that they will likely be slightly higher from January to February, in line with historical trends that precede the busy spring sales season. If inflation remains tamed and trending downward, and the Federal Reserve begins cutting rates as a response, declining mortgage rates would follow, she added in an email to Business Insider. Metro area Forecasted YOY % change Redding CA Metropolitan Statistical Area 7.30% Santa Maria-Santa Barbara CA Metropolitan Statistical Area 6.81% Bremerton-Silverdale WA Metropolitan Statistical Area 6.51% Coeur d'Alene ID Metropolitan Statistical Area 6.49% Fairbanks AK Metropolitan Statistical Area 6.38% Santa Rosa CA Metropolitan Statistical Area 6.37% Corvallis OR Metropolitan Statistical Area 6.36% Merced CA Metropolitan Statistical Area 6.32% Bend-Redmond OR Metropolitan Statistical Area 6.29% Mount Vernon-Anacortes WA Metropolitan Statistical Area 6.20% Grand Junction CO Metropolitan Statistical Area 6.09% Longview WA Metropolitan Statistical Area 6.07% Pocatello ID Metropolitan Statistical Area 6.00% Casper WY Metropolitan Statistical Area 5.99% Walla Walla WA Metropolitan Statistical Area 5.88% Lewiston ID-WA Metropolitan Statistical Area 5.87% Santa Cruz-Watsonville CA Metropolitan Statistical Area 5.81% Prescott AZ Metropolitan Statistical Area 5.70% Lakeland-Winter Haven FL Metropolitan Statistical Area 5.67% Kahului-Wailuku-Lahaina HI Metropolitan Statistical Area 5.63%The list below is CoreLogic's forecast for the five metro areas that are at the highest risk of price declines.

Persons: —, Selma Hepp, it's, Hepp, isn't Organizations: Service, Business, Federal Reserve, Redding, Santa Barbara, Metropolitan, Silverdale WA Metropolitan, Coeur, Fairbanks AK Metropolitan Statistical, Santa, Corvallis, Longview, Longview WA Metropolitan, Casper, Casper WY Metropolitan, Walla Walla WA Metropolitan, Lewiston, Prescott, Prescott AZ Metropolitan, Lakeland Locations: Metro, Maria, Santa, Bremerton, Silverdale WA, Coeur d'Alene, Santa Rosa, Merced CA, Redmond, Vernon, Anacortes WA, Longview WA, Pocatello, Casper WY, Walla Walla WA, Santa Cruz, Watsonville CA, Prescott AZ, Haven, Lahaina HI

We can show you how to get Rolling Stones concert tickets for all the upcoming dates on the 2024 tour. Here's our breakdown of The Rolling Stones' Hackney Diamonds Tour schedule, purchasing details, and original and resale ticket prices. The Rolling Stones 2024 tour scheduleThe first concert date of the Hackney Diamonds Tour is April 28, 2024, with the final date scheduled for July 17, 2024. Ticket prices for The Rolling Stones' Hackney Diamonds tour vary depending on date and location. On StubHub, the cheapest concert ticket prices for the Stones' 2024 tour dates range from $69 in Los Angeles to $338 in New Orleans.

Persons: Mick Jagger, Keith Richards, Ronnie Wood, Jack Flash, We've, Santa Clara, Flash, Zac Brown, Ed Sheeran Organizations: Hackney Diamonds, Hackney, Ticketmaster, city's, Santa, Seattle Locations: North America, Houston , Texas, Santa Clara , California, United States, Canada, Houston, Orleans, LA, Glendale, AZ, Vegas, Seattle, WA, Rutherford, NJ, Orlando, Atlanta, Philadelphia, Cleveland, Denver, Chicago, Vancouver, BC, Angeles, CA, Santa Clara, Los Angeles, New Orleans, Germany

☆ UC Berkeley is using a wall of shipping containers to block activists from the new site of its student housing complex
▼ + stars: | 2024-01-05 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

UC Berkeley is trying to build a new $312 million housing complex on the iconic People's Park. AdvertisementThe makeshift wall is around "15 to 16 feet high," UC Berkeley spokesperson Kyle Gibson told The Associated Press. People's Park on a night that UC Berkeley and other authorities prepare to cordon off People's Park on Wednesday, Jan. 3, 2024 in Berkeley, CA. In August, people in a mass protest pushed down a fence that UC Berkeley tried to use to cordon off the area. The empty shipping containers around People's Park echo the hundreds of containers set up to fill gaps on the Arizona-Mexico border in 2022.

Persons: —, UC Berkeley's, Kyle Gibson, Jason Armond Organizations: UC Berkeley, Service, UC, Associated Press, UC Berkeley's, Los Angeles Times, Getty, Berkeley, Guardian Locations: Berkeley , California, People's, Berkeley , CA, Park, California, Berkeley, Arizona, Mexico

☆ 5 low-lift side hustles to start in 2024 that take only a few hours a week
▼ + stars: | 2024-01-02 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +6 min

They shared how they made an additional income from their side hustles while keeping the hours they spent on them to a minimum. He said he decided to sell products on Amazon FBA because it required minimal upfront costs. Alistor spent about 20 hours a week working on his side hustle alongside his 9-to-5 for two years. AdvertisementBut when he was laid off during the COVID-19 pandemic, he began spending 50 hours a week on the business. In 2023, Alistor decided to reduce the hours he spent on his business to 10 hours a week.

Persons: —, Desiree Sandison, Sandison, Heather Johnson, Johnson, I'd, Ben Alistor, Alistor, Seth Sutherland, Sutherland, cohosting, Gaurav Shrishrimal, Shrishrimal Organizations: Service, Business, hustles, Amazon Locations: I'd, Etsy, Reykjavík, Iceland, India

☆ A 27-year-old freelance writer increased his income by more than 50% in one year. He explains how GPT-4 and other tools help him bring in six-figures working just 3 hours a day.
▼ + stars: | 2023-12-19 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

Read previewIn 2022, Vancouver-based freelance writer Tony Dong made CA$149,000 working about 30 hours per week. "I was kind of stuck, and the choice was between working more hours and billing more or working more efficiently," the financial writer told Business Insider. AdvertisementThanks to GPT-4 and other tools, Dong managed to increase his income by more than 50% in 2023 — he's on track to earn CA$238,000 (about $180,000) as of December 2023 — while working fewer hours. His process looks very similar to how it did in 2022 — he was also using AI tools last year. At the end of the day, "your job as a writer is to make the editor's job as easy as possible."

Persons: —, Tony Dong, Dong, he's, GPT, It's, I'm, they're Organizations: Service, Bank of, Business, . News, USA, Google, Microsoft Locations: Vancouver, GPT, Grammarly

☆ Copa América 2024: CONMEBOL announces 14 host cities as tournament returns to the US
▼ + stars: | 2023-12-05 | by ( Matias Grez | ) edition.cnn.com time to read: +6 min

CNN —CONMEBOL, South America’s soccer federation, has announced the 14 cities that will host matches at the 2024 Copa América as the tournament returns to the United States for the first time since 2016. Ecuador was originally designated as the tournament host but pulled out in November 2022 due to economic and security concerns, as well as a lack of viable stadiums. CONMEBOL has encountered obstacles in hosting the last three editions of the Copa América held in South America. Now, for the third edition in a row, the host nation has been changed after the US took over organizing duties from Ecuador. Argentina won the postponed 2020 edition of the Copa América, which was moved to Brazil.

Persons: América, Atlanta United’s Mercedes, Michael Zarrilli, ” Ezequiel Fernández Moores, Copa América, Fernández Moores, Amanda Perobelli, ” Fernández Moores, “, Lionel Messi’s, Henry Romero, he’s, hasn’t, Messi, ” Sean Gregory, –, ” Organizations: CNN — CONMEBOL, Miami Gardens, Kansas City, Atlanta United’s, Benz, Copa América, CONMEBOL, CONCACAF –, Copa, Reuters, State, América, FIFA, USA, Canada, NFL, NBA, MLB, NHL, US, National, Inter Miami, Host Chile, Copa America, –, Leagues, “, TIME, FIFA Club Locations: South, United States, Vegas, Arlington (, Charlotte, Orlando, Miami, Santa Clara, Atlanta, East Rutherford ( NJ, Houston, Austin, Inglewood, CA, Glendale, AZ, Kansas, South America, Ecuador, Peru, North America, Central America, Caribbean, American, America, Argentine, Brazil, Chile, Colombia, Argentina, California, United, Mexico

☆ Rep. Patrick McHenry, who served as temporary speaker, will not seek re-election
▼ + stars: | 2023-12-05 | by ( Sahil Kapur | ) www.cnbc.com time to read: +2 min

US Representative Patrick McHenry (R-NC) speaks to members of the media outside the office of US House Speaker Kevin McCarthy (R-CA), at the US Capitol in Washington, DC, on October 3, 2023. WASHINGTON — Rep. Patrick McHenry, R-N.C., announced Tuesday that he won't seek re-election in 2024, a shocking move to many of his colleagues that will further thin the ranks of Republican institutionalists in Congress. He gained national attention during his three-week stint in October as House Speaker pro tempore after Republicans ousted Rep. Kevin McCarthy, R-Calif., from the position. Despite his solidly conservative positions and voting record, McHenry is seen on Capitol Hill as a pragmatist and widely respected in both parties. During the speaker battle, McHenry was cited by Democratic leaders as the sort of GOP lawmaker who they trust enough to work with.

Persons: Patrick McHenry, Kevin McCarthy, Republican institutionalists, McHenry, Obama, Donald Trump, —, I've Organizations: US, WASHINGTON — Rep, Republican, Financial, Democratic, Republicans, Capitol, Trump, GOP Locations: Washington ,, R, McHenry

☆ Most Gulf markets fall on weak oil; Saudi gains
▼ + stars: | 2023-12-03 | by ( ) www.reuters.com time to read: +2 min

A general view shows the Dubai Financial Market after Joe Biden wins U.S. presidency, in Dubai, United Arab Emirates November 8, 2020. REUTERS/Christopher Pike/File Photo Acquire Licensing RightsDec 3 (Reuters) - Most stock markets in the Gulf ended lower on Sunday, in response to Friday's fall in oil prices, although the Saudi index bucked the trend to close higher. Oil prices - a catalyst for the Gulf's financial markets - slumped more than 2% on Friday on investor scepticism over the depth of OPEC+ supply cuts and concern about sluggish global manufacturing activity. Saudi Arabia's benchmark index (.TASI) gained 0.4%, with oil giant Saudi Aramco (2222.SE) rising 0.5% and Arabian Pipes Co (2200.SE) advancing 5.4%. Outside the Gulf, Egypt's blue-chip index (.EGX30) lost 0.7%, with Commercial International Bank (COMI.CA) declining 2%.

Persons: Joe Biden, Christopher Pike, Jerome Powell, Ateeq, Bernadette Baum, Sharon Singleton Organizations: Dubai Financial, United Arab Emirates, REUTERS, Qatar Islamic Bank, Saudi Aramco, Arabian Pipes, Federal, Gulf Cooperation Council, U.S ., Commercial International Bank, Thomson Locations: Dubai, United Arab, Saudi, OPEC, Saudi Arabia, Ateeq Shariff, Bengaluru

☆ At VMware, 'change' and 'uncertainty' loom after its $69 billion acquisition by Broadcom, which left customers on edge
▼ + stars: | 2023-12-02 | by ( Rosalie Chan | ) www.businessinsider.com time to read: +9 min

Under Broadcom, VMware will operate in four divisions, Broadcom CEO Hock Tan told employees last week in an email. Competitors swoop inNow that Broadcom has acquired VMware, competitors, and partners see a big opportunity to win over VMware customers. VMware customers had already been concerned that Broadcom ownership may hurt innovation and cause a talent exodus , while VMware slowed down customer deals, BI previously reported. He said he has heard from VMware customers that they're "really concerned" and that Broadcom is "confirming the worst fears" customers have about the acquisition. VMware layoffsBroadcom conducted layoffs of VMware employees on Monday.

Persons: It's, it's, Hock Tan, Hock, Nutanix, Rajiv Ramaswami, they've, Ramaswami, Bryan Cantrill, Cantrill, they'll, what's, Tan, he'll, Hock E, Tan Lucas Jackson, Raghu Raghuram Organizations: Broadcom, VMware, Business, EMC, Dell, Employees, BI, Oxide Computer Company, San Francisco Chronicle, Symantec, CA Technologies Locations: China, Dell, India, Latin America

☆ Trump’s avalanche of dishonesty: Fact-checking 102 of his false claims from this fall
▼ + stars: | 2023-12-01 | by ( Daniel Dale | ) edition.cnn.com time to read: +111 min

Below is a fact check of 102 of Trump’s false claims from the 12 speeches. But contrary to Trump’s claim, it’s not true that people had been attempting for decades to create such an initiative. Trump’s aid to farmersIn speech after speech, Trump claimed that he had given US farmers $28 billion from China. Even if the poll result is off, it’s clear that Trump’s claim that “nobody wants them” is not true. He said he was an airline pilot.”Facts First: Trump made a false claim while mocking Biden for making false claims.

Persons: Donald Trump, –, Trump, Joe Biden, Biden, Ron DeSantis, Nikki Haley, “, ”, Mexico’s, ‘ Trump, Defense Department –, ” Theresa Cardinal Brown, CNN’s Priscilla Alvarez, ” Trump, I’ve, Todd Harrison, Harrison, It’s, Trump’s, ” Ben Cahill, Nobody, Jimmy Carter’s, Barack Obama, isn’t, El Salvador –, Obama, we’d, Obama’s, Webster, Covid, Wuhan ”, They’d, they’d, you’d, Scott Gottlieb, ” Gottlieb, Trump Trump, it’s, Abraham, Aaron David Miller, Miller, Dana El Kurd, Qasem Soleimani, they’ve, we’re, We’re, ’, Iran haven’t, ” Matt Smith, Biden’s, Smith, Ali Vaez, Kpler, Biden Trump, Iran “, Democrats ”, that’s, Jimmy Carter, Carter “, Carter, ‘, Hillary Clinton, Kari Lake, Bill Gates, Gates, ” Chris Wallace, Chris Wallace, Hunter Biden, “ Chris Wallace, ‘ He’s, ‘ ” Trump, Wallace, “ you’re, “ Biden, ‘ You’re, Wallace interjected, Rather, you’ve, ’ ” Pavel Molchanov, Raymond James &, ” Molchanov, Tim Woody, Woody, autoworkers, CNN’s Ella Nilsen, Joe Biden’s, Erin Mellon, Gavin Newsom, Mellon, ” Vonette Fontaine, Biden “, CNN’s Matt Egan, Egan, ” Biden, Europe Trump, United Kingdom “, Brent, Pavel Molchanov, Raymond James, Patrick De Haan, GasBuddy, De Haan, Matt Smith, Matt Egan, Afghanistan Trump, we’ve, Krista Wiegand, Wiegand, ” Netanyahu, Benjamin Netanyahu, Israel, Qasem, Bibi, Netanyahu, Soleimani, Asad, Mark Milley, Hezbollah Trump, Steven Cheung, John Kirby, Cheung, Kirby, Iran’s, ” Ali Vaez, Joseph Amon, Washington –, Faiq Zidan, Zidan’s, Zidan, Abu Mahdi al, China Trump, Ukraine Trump, Letitia James, James, Attorney Alvin Bragg, Matthew Colangelo, You’re, Bragg, Colangelo, Tanya Chutkan, I’m, Jack Smith, Bill Clinton, That’s, everybody’s, Letitia James –, Al Capone’s, Al Capone, Capone, Brad Schwartz, CNN couldn’t, Schwartz, Eliot Ness, MAGA, “ MAGA, …, White, CNN’s Fareed Zakaria, Inflation Trump, Bacon, Joe, PolitiFact, Trump . Howard Gleckman Organizations: Washington CNN —, CNN, Republican, Trump Trump, Republican Jewish Coalition, Department, ISIS, Trump’s, Democratic, Congress, Defense Department, former Defense Department, Center, US Customs, Trump, American Enterprise Institute, Air Force, Army, Navy, Marine Corps, Strategic Petroleum Reserve, Energy Security, Center for Strategic, International Studies, US, IHS, Islamic, The State Department, Customs Enforcement, Policy Institute, ICE, El Salvador, ”, Merriam, The New York Times, Food and Drug Administration, FDA, Abraham Accords, United Arab Emirates, West Bank, Hezbollah, State Department, Carnegie Endowment, International, Arab Center Washington DC, Islamic Revolutionary Guards Corps Quds Force, Obama, US International Trade Commission, Washington Post, U.S . International Trade Commission, New England lobstermen, England lobstermen, Americas, Crisis, government’s Energy, Administration, Washington Free Beacon, Energy Information Administration, Democrats, Biden, Electoral, Georgia, Michigan, Carter, Democrats can’t, Republicans, Alabama, Arizona, Fox News, ” Energy, Oceanic, Atmospheric Administration, NOAA, Wildlife, Alaska Industrial Development, Export Authority, Raymond James & Associates, Wilderness Society, Cox Automotive, Pew Research Center, New York Times, National Oceanic, California Gov, California, American Petroleum Institute, Union, West, Energy, American Automobile Association, AAA, GasBuddy, New Hampshire, Houston, Keystone XL, Obama administration’s State Department, –, Foreign, Military, DoD, Afghan, Defense, Policy, Taiwan News, “, University of Tennessee’s Center for National Security, Foreign Affairs, Israeli, NBC, Jerusalem Post, Yahoo, Pentagon, ” CNN, Joint Chiefs, Staff, Post, National Security, Group, US government’s Defense Intelligence Agency, Narcotics Bureau, Global Health, Drexel University Dornsife School of Public Health, Justice Department, Washington, Judicial, Popular Mobilization Forces, Customs and, Middle East, Customs, Protection, CBP, Border Protection, Kiel Institute, European Union, New York, New, ExxonMobil, Trump University, Trump Foundation, Manhattan, Attorney, federal Justice Department, Department of Justice, Washington DC, Presidential Records, Presidential, Mar, Biden White, MAGA Republicans, Inflation, Heritage Foundation, Trump ., Brookings Tax, Urban Institute Locations: New Hampshire, New York City, Saudi, Florida, al Qaeda, New York, Texas, Iowa, Mexico, “, U.S, Houston, Iraq, Israel, Tel Aviv, Jerusalem, Nord, Germany, Russian, Trump’s, Russia, Ukraine, Europe, Guatemala, Honduras, El Salvador, El, Washington, ”, ” In Texas, Covid, China, Wuhan, Italy, France, Abraham, Bahrain, Morocco, Sudan, Gaza, Lebanon, Syria, Iran, Yemen, Libya, Palestine, Afghanistan, Somalia, Pakistan, New England, England, Kpler, Malaysia, Oregon, Alabama, Maricopa County, Arizona, Arizona’s, Moscow, Alaska, East, South Carolina, California, “ California, West Virginia, Virginia, United Kingdom, West Texas, “ U.S, Los Angeles, Venezuela, Mississippi , Louisiana, Canada, United States, Paris, Taiwan, “ China, Iranian, that’s, –, Singapore, Iraqi, San Diego, Kiel, York, Manhattan, York’s, Chicago, Philadelphia, Georgia, Qaeda

☆ Something is up with Spotify Wrapped's new feature — it's telling way too many people they belong in Burlington, Vermont
▼ + stars: | 2023-11-30 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +3 min

People first started noticing the trend on social media — when everyone started posting their Spotify Wrapped, as is tradition — and thought it was a glitch on Spotify's end. But it turns out that Burlington is just representative of the listening habits of a disproportionately high number of Spotify users. Advertisement"Did Your Spotify Wrapped Place You In Burlington, Berkeley, or Cambridge? You May Be Gay," Queer outlet Them wrote, referencing how queer Spotify users seemed to be getting overwhelmingly assigned to Burlington, Berkeley, or Cambridge. Berkeley was the Sound Town for 0.3% of all Spotify users, while 0.1% of users were assigned to Cambridge, Spotify told BI.

Persons: —, Father John Misty, Fiona Apple, Berkeley, Sebastian Cahill, Cahill Organizations: Service, Business, Spotify, Sound Town, Burlington : Locations: Burlington , Vermont, Burlington, That's, Burlington , Berkeley , California, Cambridge , Massachusetts, Burlington , Berkeley, Cambridge, Spotify's Sound, Burlington : San Luis Obispo , CA

☆ 50 cities showing where rents are surging or dropping compared to home values — and how to determine whether it's worth buying or renting, according to experts
▼ + stars: | 2023-11-30 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

But home prices are still on the rise, according to a November 28 note from Selma Hepp, the chief economist at CoreLogic. The outcome is that many remain renters, which drives up demand for rental property and the cost of rent. If the cost of rent is 20% below the price of owning a home monthly, then it may be comparable. Rent prices are based on listings from Rent.com. For example, take the cost of rent over five years; let's say it's $3,000 x 12 months = $36,000 annually.

Persons: Selma Hepp, they'll, Suzanne Miller, Miller, Price, Shmuel Shayowitz, Shayowitz Organizations: Business, Home, Empire State, Seattle -, Dallas, Fort, Redfin, Kansas, Jacksonville, Birmingham, NA Milwaukee, Phoenix, Boston, Orlando, Virginia, KY, UT, Oklahoma Locations: Redfin . Metro, Seattle, Dallas, Seattle - Tacoma, Bellevue, Everett, Tacoma, Fort Worth, Metro, Columbus, Providence, RI, Kansas City, Angeles, Buffalo, NY, Indianapolis, York, Hartford, Jose, Antonio, Minneapolis, Detroit, MI, Virginia Beach, Louis, Washington, San Diego, Atlanta, Richmond, Cincinnati, San Francisco, Philadelphia, Tampa, WA, Denver, Riverside, CA, Cleveland, Baltimore, Pittsburgh, Charlotte, NC, Orleans, LA, Nashville, TN, Memphis, Raleigh, Louisville, Jefferson County, Houston, Salt Lake City, Miami, Chicago, Sacramento, Vegas, Portland, Austin, New York City

☆ Leaked email: Broadcom CEO says the company is reviewing 'strategic alternatives' for two of VMware's businesses
▼ + stars: | 2023-11-29 | by ( Rosalie Chan | ) www.businessinsider.com time to read: +5 min

Broadcom CEO Hock Tan told employees he's reviewing strategic alternatives for two parts of VMware following the acquisition of the cloud software company. Most recently, VMware president Sumit Dhawan became CEO of cybersecurity company Proofpoint. I am very pleased to welcome VMware employees to Broadcom and bring together our engineering-first, innovation-centric teams. We will also continue to support VMware's End-User Computing, led by Shankar Iyer, VP and General Manager, and Carbon Black, led by Jason Rolleston, VP and General Manager, as we review strategic alternatives for these two businesses. As we move forward, we expect there will be growth opportunities for VMware employees within the larger combined company.

Persons: Hock Tan, Tan, CRN, Raghu Raghuram, Krish Prasad, Purnima Padmanabhan, Sanjay Uppal, Umesh Mahajan, Thoma, Sumit Dhawan, •, Shankar Iyer, Jason Rolleston, Mike Gannon, • Regan McGrath, Luigi Freguia, • Sylvain Cazard, Cynthia Loyd, Ricky Cooper, Joan Stone, Mark Nagle, • Bryan Prosek Organizations: Broadcom, VMware, Business, VMware Cloud Foundation, CA Technologies, Thoma Bravo, Symantec, Cyber Security Services, Accenture, HCL Technologies, Broadcom Employees, •, Security, Strategic, Corporate, Asia Pacific, Services

Cheney writes most members knew “it was a farce” and “another public display of fealty to Donald Trump.”“Among them was Republican Congressman Mark Green of Tennessee,” Cheney writes. “Leader McConnell, who had made a career out of savvy political calculation and behind-the-scenes maneuvering, got this one wrong,” Cheney writes. In the book, Cheney also condemns right-wing media for amplifying the disinformation coming from Trump and his allies. “Several months later, I heard the show had been in the final stages of production when it was shut down,” Cheney writes. Cheney writes that Pelosi’s team “pulled together a list of the 10 worst things I had ever said about her.

Persons: Washington CNN —, Liz Cheney, “ enablers, ”, Donald Trump, Cheney, ” Cheney, Kevin McCarthy, Trump, he’d, Mike Johnson, “, Liz Cheney's, Brown, hypocrites –, Steven Cheung, ‘, Jesus, McCarthy, ” McCarthy, “ McCarthy, Jim Jordan, ” Jordan, Jordan, Russell Dye, Johnson, “ Johnson, ’ ”, Mark Green of, Green, sheepishly, ’, ’ Cheney, craven, fundraise, Kevin, “ They’re, Jerry Maguire, Tom Cruise, Renée Zellweger, it’s, Mike Pence, Pence, Paul Ryan, Ryan, Cheney’s, Dick Cheney, Liz Cheneys, cautioning, ’ ” Cheney, Roberto Schmidt, Hakeem Jeffries, George W . Bush, “ Liz, Courage, I’m, Nancy Pelosi, Liz ’, ruefully, Trump –, Mike Kelly, “ She’s, Mike Turner, Liz, Drew Angerer, Ronald Reagan, Reagan, George W, Bush, McConnell, Mitch McConnell, ” McConnell, Fox, Tucker Carlson, Pelosi, “ Trump, Jan, CNN’s Kristen Holmes, Annie Grayer, Oliver Darcy Organizations: Washington CNN, Republican Party, CNN, Wyoming Republican, Trump, White, GOP, Republican, California Republican, Fox News, “, Capitol, ”, Orange Jesus, Mar, Save America PAC, AFP, Getty, Democratic, Republicans, House Republican Conference, Caucus, U.S . Capitol, Jan, Senate Republicans, Fox Corp, Fox, Democrat, Independent Locations: Wyoming, California, Mark Green of Tennessee, Mar, Trump, Washington , DC, Ohio, WASHINGTON, DC, Washington ,, Trump’s, Congress, America

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