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☆ Japan's Nikkei jumps 2% to lead gains in Asia as traders assess U.S. inflation data, await BOJ meeting
▼ + stars: | 2024-07-29 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets climbed on Monday, with Japan's Nikkei 225 leading gains in the region after a key U.S. inflation report late last Friday raised hopes for an interest rate cut. The Nikkei rose 2.02%, while the broad-based Topix was up 1.52%. In Asia, the highlight for this week will be the Bank of Japan's monetary policy meeting starting July 30. A Reuters poll of economists expects the central bank to raise rates by 10 basis points to 0.1%. Other key inflation data from the region include China's July PMI data, while Australia will release its latest set of inflation data before the central bank's Aug. 6 monetary policy meeting.

Persons: Topix, Dow Jones Organizations: Mount Fuji, Japan's Nikkei, Nikkei, Bank, ING Locations: Asia, Pacific, U.S, Australia

☆ ‘It just sucks’: Charles Barkley lashes out at NBA choosing Amazon over TNT
▼ + stars: | 2024-07-26 | by ( Liam Reilly | ) edition.cnn.com time to read: +3 min

I’m not sure TNT ever had a chance.”“TNT matched the money, but the league knows Amazon and these tech companies are the only ones willing to pay for the rights when they double in the future,” Barkley added. It just sucks.”The comments came after the NBA on Wednesday rejected an offer from Warner Bros. Discovery to match Amazon’s $1.8 billion per year bid to carry the league’s games starting with the 2025-26 season. The decision set up a potential legal showdown between the NBA and WBD, the parent company of TNT and CNN, which maintains it has matching rights to any broadcast offer. “These partners will distribute our content across a wide range of platforms and help transform the fan experience over the next decade.”

Persons: Charles Barkley, Barkley, “, I’m, ”, ” Barkley, Ernie Johnson, Kenny Smith, Shaquille O’Neal, WBD, Max, ” Adam Silver Organizations: New, New York CNN, NBA, TNT, Wednesday, Warner Bros, WBD, CNN, TNT Sports ’, Amazon, Disney Locations: New York, United States

☆ The sober dating revolution is here, and Gen Z is leading it
▼ + stars: | 2024-07-25 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Gen Z is earning a reputation as the sober-curious generation that prioritizes their health, well-being, and authenticity when finding a partner. Ryan Mairs, 28, is a "Zillennial" on the cusp between millennials and Gen Z and has noticed the shift. Gen Z are drink less regularly than millennials, according to Statista data. AdvertisementA recent survey by DatingNews.com found that 65% of millennial and Gen Z respondents said they would prefer a "dry" first date. She's the founder of the sober dating platform Club Pillar, launching this summer.

Persons: —, Z, Gen Zers, Ryan Mairs, He's, Mairs, it's, Gen, DatingNews.com, Kate Daly, Daly, Justine Benanty, Zers, they're, Benanty, he's, Jessie Urvater, Urvater, Jessie Urvater Urvater, that's, they've Organizations: Service, Business Locations: California

George Clooney attends an event in September 2023. Cindy Ord/Getty Images/FILEActor George Clooney has announced he is endorsing Kamala Harris for president. “President Biden has shown what true leadership is. We’re all so excited to do whatever we can to support Vice President Harris in her historic quest,” the actor said in a statement provided to CNN. The actor and Democratic donor had penned an op-ed calling on President Joe Biden to exit the race.

Persons: George Clooney, Cindy Ord, Kamala Harris, “, Biden, Harris, Joe Biden, Clooney, Barack Obama, Joe “, ” Biden, wasn’t, ”, ” Clooney, Michael Williams Organizations: Getty, CNN, New York Times, White

☆ Germany's struggling construction sector is showing no signs of a recovery
▼ + stars: | 2024-07-23 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

The German construction sector is showing no signs of recovering, even after being in a crisis for months and despite pledges of support and investment from the government. Recent economic data shows the industry is still in a "dismal situation," Carsten Brzeski, global head of macro research and chief economist for Germany at ING, told CNBC. The data shows that between January and May of this year, permits for single-family homes fell over 31%, and those for multi-family houses declined over 21% compared to the same time period last year. Felix Pakleppa, head of the Central Association of the German Construction Industry, noted the bleak outlook for the sector. "Building permits in Germany continue to only know one direction: downwards," he said, pointing to the data, which has not reflected growth since April 2022.

Persons: Carsten Brzeski, Felix Pakleppa, Housebuilding, Pakleppa Organizations: ING, CNBC, Central Association of, German Construction Industry Locations: Germany

☆ George Clooney endorses Harris after calling for Biden’s exit
▼ + stars: | 2024-07-23 | by ( Jake Tapper | ) edition.cnn.com time to read: +2 min

CNN —Actor George Clooney on Tuesday endorsed Vice President Kamala Harris, hailing her “historic” White House bid following President Joe Biden’s exit from the 2024 presidential race. Clooney is seen by many Democratic backers in Hollywood as a sort of compass given his engagement and activism. “President Biden has shown what true leadership is. We’re all so excited to do whatever we can to support Vice President Harris in her historic quest,” Clooney said in a statement to CNN on Tuesday. “He was the same man we all witnessed at the debate,” Clooney added in his op-ed, referencing Biden’s faltering performance at the June 27 presidential debate on CNN.

Persons: George Clooney, Kamala Harris, Joe Biden’s, Clooney, “, Biden, Harris, ” Clooney, Barack Obama, Joe ‘, ’ Biden, wasn’t, Joe Biden, She’s, CNN’s Michael Williams Organizations: CNN, Democratic, New York Times, Biden, Democratic Party Locations: Hollywood

☆ Costs from the global outage could top $1 billion – but who pays the bill is harder to understand
▼ + stars: | 2024-07-21 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

New York CNN —The world learned relatively quickly that cybersecurity firm CrowdStrike was behind a crippling global tech outage on Friday. Billion-dollar billExperts largely agree it’s too early to get a firm handle on the price tag for Friday’s global internet breakdown. His firm estimates that a recent hack of CDK Global, a software firm that serves US car dealerships, reached that $1 billion cost mark. It’s also not clear how many customers CrowdStrike might lose because of Friday. It will be difficult, and not without additional costs, for many customers to switch from CrowdStrike to a competitor.

Persons: CrowdStrike, ”, you’re, Dan Ives, it’s, Patrick Anderson, Anderson, Harry Reid, Ty ONeil, “, James Lewis, Lewis, It’s, Wedbush Securities ’, ” Ives, George Kurtz, ’ ”, Eric O’Neill Organizations: New, New York CNN, CNN, Wedbush Securities, Anderson Economic Group, Harry, Harry Reid International Airport, Microsoft, Center for Strategic, International Studies, SolarWinds, Exchange Commission, CNBC Locations: New York, Michigan, Russian, CrowdStrike

Renovation loan eligibilityTo get a loan for a house renovation, you'll need to meet certain credit requirements. Cash-out refinances or renovation loans rolled into mortgages are typically the best renovation loan programs because they come with the lowest rates. Home renovation loans FAQsAre renovation loans a good idea? Renovation loans, or home improvement loans, can be a good idea for homeowners looking to make both essential and cosmetic changes to their homes. Renovation loans make it relatively convenient to complete upgrades or repairs that can boost your home's value.

Persons: It's, Fannie Mae's, Freddie Mac's, you'll, Douglas Boneparth Organizations: Federal Housing Administration, Bone, reno, Chevron

☆ Inside the ‘doom loop’ of Joe Biden’s campaign
▼ + stars: | 2024-07-19 | by ( Edward-Isaac Dovere | ) edition.cnn.com time to read: +13 min

“His last act will not be getting knocked down,” said one longtime Biden 2020 campaign aide of the family and the inner circle. They loved saying in 2020 that Joe Biden won because the party, and not the pundits. Some have already “quiet quit,” going through the motions until Joe Biden gets to the end that many of them now believe is inevitable. It feels like if he could go to Congress and make a rousing speech, he would,” said one Democratic operative involved with the campaign. “Here in HQ, we’re working really hard because on winning campaigns, you work really hard,” said Biden campaign spokesman Kevin Munoz.

Persons: Joe Biden, Donald Trump, It’s, Biden, “, ”, they’ve, Illinois Sen, Dick Durbin, Reagan, they’ll, who’s, Faith, –, we’re, it’s, Kevin Munoz, Mike Novogratz, Abigail Disney, Trump, Joe, Nancy Pelosi, Chuck Schumer, Hakeem Jeffries, ” Biden, Kamala Harris, I’ve, Dan Kanninen, Kanninen, ” Kanninen, that’s, Donald Trump –, California Sen, Alex Padilla Organizations: Washington CNN, CNN, Biden, Democrats, Democratic, White, White House, Republican, Galaxy Digital, Democratic National Committee, Senate Democratic, Democrat, Google, West, “, Trump, Senate, Electoral College Locations: Illinois, Wilmington, Chicago, Pennsylvania, Michigan, Wisconsin, Arizona, North Carolina, California

☆ Natalie Portman explains how Rihanna gave her the post-divorce boost she needed
▼ + stars: | 2024-07-16 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —Natalie Portman is not done fangirling for Rihanna. As they embraced, and Portman told the singer, “I love you!”“I am a f***ing fan,” Rihanna replied. The singer also told Portman she was “one of the hottest b**ches in Hollywood.”“I’m going to faint,” Portman told Rihanna. “I’m going to black out.”The Oscar-winner went on to tell Rihanna how she listens to her music all the time. Portman and Millepied are parents to son and daughter.

Persons: Natalie Portman, Rihanna, Portman, “, ” Rihanna, ” Portman, “ I’m, ”, Jimmy Fallon, Benjamin Millepied, Mila Kunis, Millepied Organizations: CNN, Paris Locations: Hollywood

☆ Taiwan’s Blunt-Talking Leader Faces China’s Backlash
▼ + stars: | 2024-07-16 | by ( Chris Buckley | Amy Chang Chien | ) www.nytimes.com time to read: +1 min

Chinese Coast Guard ships have sailed near Taiwan’s outer islands. When Lai Ching-te became Taiwan’s president in May, he vowed to stick with the China policies of his predecessor, Tsai Ing-wen. Ms. Tsai sought to avoid confrontation even as she defended Taiwan’s right to self-rule and rejected Beijing’s assertion of sovereignty. Yet Mr. Lai, while keeping Taiwan’s basic policy toward China unchanged, has been blunter in rebuffing its demands. Mr. Lai, who rose as a more plain-spoken politician, sees a need to more sharply lay out Taiwan’s separate status.

Persons: Lai Ching, Tsai Ing, Tsai, Lai, Ms . Tsai, “, ”, David Sacks Organizations: Coast Guard, Council, Foreign Relations Locations: China, Taiwan, Beijing, Taiwan’s, rebuffing, Asia

☆ Delta removes an employee, changes its uniform policy after backlash over social media post perceived to be anti-Palestinian
▼ + stars: | 2024-07-12 | by ( Mounira Elsamra | ) edition.cnn.com time to read: +5 min

“We apologize for this error.”On Wednesday, an account on X reposted pictures of two Delta flight attendants wearing Palestinian flag pins on their uniforms. Now imagine getting into a @Delta flight and seeing workers with Hamas badges in the air. What do you do?” the post read, falsely equating the Palestinian flag to the one flown by the militant group. The reply sparked a swift backlash from Delta employees and leaders in Palestinian and Muslim communities. However, effective Monday, the company will only allow US flag pins to be worn, Delta told CNN.

Persons: Delta, “, Azka Mahmood, ”, Mahmood, unionize, Omar Suleiman –, – Organizations: CNN, Delta, Islamic, Palestinian, CAIR, ” Locations: Palestinian, Georgia, Palestine, Ukraine, Israel, U.S

Ahead of those meetings, defections in Biden’s Democratic coalition in Congress continued. More than a dozen Democratic House members and at least one Democratic senator have publicly called on Biden to withdraw from his reelection campaign. Speaking with reporters on Friday, Biden campaign communications director Michael Tyler acknowledged “anxiety” from Capitol Hill, but insisted Biden will continue outreach to lawmakers to shore up his support. Biden, for his part, came off as chastened during the news conference and was less defiant than in previous appearances. Biden’s campaign, meanwhile, has bluntly acknowledged the challenges it has faced since his debate performance two weeks ago.

Persons: Joe Biden, Hakeem Jeffries, Jeffries “, Jeffries, Biden, Mike Levin of, It’s, he’ll, Chuck Schumer, Jeffries –, Nancy Pelosi –, –, Michael Tyler, ”, “, he’s, we’ve, presser, Volodymyr Zelensky, Putin, Donald Trump’s, Kamala Harris, Democratic doubters, ABC’s George Stephanopoulos, Harris, ” Biden, Jen O’Malley Dillon, O’Malley Dillon, Axios Organizations: Washington CNN, Democratic, New York Democrat, CNN, Congressional Asian Pacific American Caucus, Congressional Hispanic Caucus, New Democrat Coalition, Congressional Progressive Caucus, Biden’s Democratic, Democrats, Democratic House, Rep, Senate, Congress, Biden, NATO, Trump Locations: Mike Levin of California, Congress –, Capitol, Israel, Russia, China, United States

☆ Hollywood turns on Biden as major supporters and fundraisers call on him to withdraw from race
▼ + stars: | 2024-07-11 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

New York CNN —Joe Biden is losing a particularly influential corner of support: Hollywood. “I love Joe Biden. “It’s devastating to say it, but the Joe Biden I was with three weeks ago at the fund-raiser was not the Joe ‘big F-ing deal’ Biden of 2010. He wasn’t even the Joe Biden of 2020. I’m told that the Biden campaign has actively been making phone calls to Hollywood supporters, working to maintain their support in this turbulent moment.

Persons: New York CNN — Joe Biden, George Clooney, Joe Biden, ” Clooney, he’s, ”, Joe ‘, ’ Biden, wasn’t, “ Joe Biden, Clooney, Biden, Rob Reiner, Donald Trump, Reed Hastings, Damon Lindelof, Biden “, Abigail Disney, Ari Emanuel, “ Donald Trump, ‘, ” Emanuel, “, I’m, won’t, ’ Organizations: New York CNN, Hollywood, New York Times, City of Angels, Democratic, CNN, Netflix, Trump, Democratic Party, Biden Locations: New York, Hollywood

☆ Team Biden suspects that Obama is behind the revolt to push him out: report
▼ + stars: | 2024-07-11 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +4 min

Read previewFormer president Barack Obama may be quietly supporting — or at least not objecting to — the Democratic push to oust Joe Biden, according to multiple reports. On the Thursday morning broadcast of MSNBC's "Morning Joe" — a personal favorite show of Biden's — host Joe Scarborough said that the Biden team believes Obama is supporting the Democratic revolt against Biden's reelection campaign. "It's devastating to say it, but the Joe Biden I was with three weeks ago at the fundraiser was not the Joe 'big F-ing deal' Biden of 2010," Clooney wrote in the Times. "He wasn't even the Joe Biden of 2020. AdvertisementRepresentatives for Obama and the Biden campaign did not immediately respond to a request for comment from Business Insider.

Persons: —, Barack Obama, Joe Biden, Joe Scarborough, Biden, Obama, Biden's, Scarborough, Scarborough's, Mika Brzezinski, chimed, George Clooney, Obama —, Clooney —, Clooney, Joe, Jimmy Kimmel, David Axelrod, I'm, Donald Trump Organizations: Service, Democratic, Business, The New York Times, Politico, Times, Biden, Street Journal, Trump Locations: LA

Donors often operate behind the scenes and, according to sources, have grown increasingly anxious about Biden’s candidacy following his halting debate performance last month. CNN reached out to the Biden campaign for comment. In the immediate wake of Biden’s debate performance, organizers paused conversations on planning the fundraiser until after the July 4 holiday to allow the dust to settle. A spokesperson for the Biden campaign told CNN the event was not affiliated with their official fundraising schedule. Donors elsewhere in the country have told CNN their events are on hold until Biden’s path is clearer.

Persons: Joe Biden’s, Biden, George Clooney, Clooney, Nancy Pelosi’s, Pelosi, MSNBC’s, Joe ”, ”, he’s, Donald Trump, “, ” Biden, hasn’t, It’s, That’s, Phil Murphy’s, Terry McAuliffe, Damon Lindelof, Joe Biden, I’m, ” Lindelof, ’, Maggie Kulyk, ” Kulyk, Kulyk, Barack Obama, Joe “, wasn’t, ” Clooney, John Morgan, “ I’m, They’ve, Morgan, ” Morgan, it’s, “ I’ve, Peter Lowy, Lowy Organizations: Washington CNN, CNN, MSNBC, Democratic, Republican, New Jersey Gov, Gov, Democratic National Convention, House, Women, Northern California —, Biden, Democratic National Committee Locations: Hollywood, Virginia, Chicago, Windy City, “ Washington, Austin, Denver, California, Laguna Beach, Northern California, Florida, Washington

☆ Opinion | George Clooney: I Love Joe Biden. But We Need a New Nominee.
▼ + stars: | 2024-07-10 | by ( George Clooney | ) www.nytimes.com time to read: +1 min

Joe Biden in 2020. I love Joe Biden. It’s devastating to say it, but the Joe Biden I was with three weeks ago at the fund-raiser was not the Joe “big F-ing deal” Biden of 2010. He wasn’t even the Joe Biden of 2020. But our party leaders need to stop telling us that 51 million people didn’t see what we just saw.

Persons: I’m, Barack Obama, Hillary Clinton, Joe Biden, Biden’s, he’s, Joe “, ” Biden, wasn’t, we’ve, George Stephanopoulos Organizations: Democratic, Trump, Air Force

☆ George Clooney says Biden should drop out, can't win in November
▼ + stars: | 2024-07-10 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Read previewGeorge Clooney on Wednesday called on President Joe Biden to drop out of the 2024 race just weeks after co-hosting a star-studded fundraiser for the president's campaign. "He wasn't even the Joe Biden of 2020. I'm proud of what my party represents and what it stands for," Clooney wrote. AdvertisementIn his Times column, Clooney added that he help put on, "some of the biggest fund-raisers in my party's history. Joe Biden in 2020."

Persons: —, George Clooney, Joe Biden, Joe, Biden, Clooney, Reed Hastings, Barry Diller, Clooney's, Rob Reiner, Reiner, …, @robreiner, he's, Nancy Pelosi, lister, Julia Roberts, Barbra Streisand, Barack Obama, Steve Ricchetti, Amal Clooney, Hillary Clinton Organizations: Service, The New York Times, Business, Hollywood, Netflix, IAC, MSNBC, Seven House Democrats, Academy, The Washington Post, Democrats Locations: Washington, Hague

☆ George Clooney, who hosted major fundraiser for Biden last month, says Democratic Party needs a new nominee
▼ + stars: | 2024-07-10 | by ( Michael Williams | ) edition.cnn.com time to read: +5 min

“I love Joe Biden,” Clooney wrote in a New York Times opinion piece. It comes as a handful of Democrats in Congress have also publicly demanded Biden step aside due to persistent concerns about his age and mental acuity. The fundraiser that Clooney headlined raised $28 million for Biden’s reelection campaign, the most for the Democratic Party from a single event in history. Joe Biden must step aside,” Reiner said in a post to social media platform X Wednesday in which he linked to Clooney’s op-ed. Joe Biden has effectively served US with honor, decency, and dignity.

Persons: George Clooney, Joe Biden’s, Biden, “, Joe Biden, ” Clooney, Clooney, Barack Obama, Joe “, ” Biden, wasn’t, ”, Chuck Schumer, Hakeem Jeffries, Nancy Pelosi —, Wes Moore, Kamala Harris, Gretchen Whitmer, Gavin Newsom, Andy Beshear, J.B . Pritzker, Clooney’s, Amal Clooney, Rob Reiner, Harris, ” Reiner, Reiner, CNN’s Betsy Klein Organizations: Washington CNN, New York Times, CNN, White, Congress, Democratic Party, Maryland Gov, Kentucky Gov, Illinois Gov, Democratic, Hollywood Democrat, NATO Locations: Hollywood, Michigan, California, Kentucky, Israel

☆ George Clooney calls on Biden to drop out of the race
▼ + stars: | 2024-07-10 | by ( Brian Schwartz | ) www.cnbc.com time to read: +1 min

US actor George Clooney arrives for The Albies hosted by the Clooney Foundation at the New York Public Library in New York City on September 28, 2023. Hollywood superstar George Clooney said Wednesday that it was time for President Joe Biden to drop out of the presidential race, after Biden's disastrous debate performance and a fundraiser the actor and filmmaker co-hosted for Biden in June. "It's devastating to say it, but the Joe Biden I was with three weeks ago at the fund-raiser was not the Joe 'big F-ing deal' Biden of 2010," Clooney wrote in a New York Times op-ed. "He wasn't even the Joe Biden of 2020. Biden's fumbling debate performance opposite former President Donald Trump was on June 27, nearly two weeks after the fundraiser in Los Angeles.

Persons: George Clooney, Clooney, Joe Biden, Joe, Biden, Barack Obama, Julia Roberts, Jimmy Kimmel, Biden's, Donald Trump, Clooney's, Nancy Pelosi Organizations: Clooney Foundation, New York Public Library, Hollywood, Biden, New York Times, NBC News Locations: New York City, Los Angeles

☆ Biden’s political position is rapidly deteriorating as critical news conference looms
▼ + stars: | 2024-07-10 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

CNN —A staggering 24 hours that cracked the political foundation of Joe Biden’s reelection bid leave him facing the most high-pressure presidential news conference in modern history on Thursday. The stakes for Biden’s solo appearance at the conclusion of the NATO summit multiplied by the hour as his political position unraveled at a dignity-sapping rate. In another danger sign for Biden’s candidacy, one Democratic strategist told CNN, “Everything is frozen because no one knows what’s going to happen. The deepening crisis gripping the Democratic Party is not simply damaging Biden’s chances of clinging to the nomination. But as Biden’s political standing continues to rapidly deteriorate, the question is becoming how much longer he can insist he’s the only Democrat who can beat Trump.

Persons: Joe Biden’s, Nancy Pelosi, Donald Trump, —, Biden, seared, Pelosi, ”, “, “ I’m, Ritchie Torres —, Biden —, Pat Ryan, “ Trump, Joe Biden, Vermont Sen, Peter Welch, ” Welch, Colorado Sen, Michael Bennet, Trump, Sen, Chris Coons, CNN’s Kaitlan Collins, ” Sen, John Fetterman, CNN’s Erin Burnett, Hakeem Jeffries, George Clooney, Luck, Joe ‘, ’ Biden, ” Clooney, Clooney, Lester Holt, Elissa Slotkin, he’s, Keisha Lance Bottoms Organizations: CNN, NATO, Hollywood, Capitol, GOP, White, California Democrat, Democratic, Congressional Black Caucus, Yorker, Trump, ”, Biden, Democratic National Convention, New York Times, NBC “, Democratic Party, Republicans, House, Former Atlanta Locations: Ukraine, Washington, California, Vermont, Colorado, Chris Coons of Delaware, United States, Pennsylvania, Michigan, Trump

☆ George Clooney, a Major Biden Fund-Raiser, Urges Him to Drop Out
▼ + stars: | 2024-07-10 | by ( Reid J. Epstein | ) www.nytimes.com time to read: +1 min

George Clooney, the Hollywood actor and Democratic financial powerhouse who co-hosted a major fund-raiser for President Biden last month, wrote in a New York Times guest essay on Wednesday that Mr. Biden was too old to seek re-election and should end his campaign. “The one battle he cannot win is the fight against time,” Mr. Clooney wrote. “It’s devastating to say it, but the Joe Biden I was with three weeks ago at the fund-raiser was not the Joe ‘big F-ing deal’ Biden of 2010. He wasn’t even the Joe Biden of 2020. Mr. Biden later blamed jet lag from that trip for his lethargy in the days leading up to the first debate and his weak performance during it.

Persons: George Clooney, Biden, ” Mr, Clooney, “, Joe Biden, Joe ‘, ’ Biden, wasn’t Organizations: Hollywood, Democratic, New York Times, Mr Locations: Hollywood, Italy, California, Washington

☆ Tesla prioritizes Musk's and other 'VIP' drivers' data to train self-driving software
▼ + stars: | 2024-07-09 | by ( Grace Kay | ) www.businessinsider.com time to read: +14 min

Business Insider has learned that those annotators focus their efforts on two high-profile categories of drivers: Tesla CEO Elon Musk and a select set of "VIP" drivers. These drivers are internally referred to as "VIP" users and their data is at times put in VIP queues, according to the workers. Related storiesData collected from VIP users, including high-profile Tesla drivers who post on YouTube, is scrutinized more heavily and more likely to be labeled, three current and former workers said. They said they'd been specifically told by leads on their teams that they were working on "VIP data" and had received overtime pay to work on the data ahead of FSD updates. Tesla's self-driving in the regulatory spotlightTesla has come under increasing scrutiny from regulators over the self-driving software and the company's marketing of the service.

Persons: —, Elon Musk, Musk's Teslas, YouTubers, Musk, Tesla, Tesla's, John Bernal, Bernal, else's, annotators, Walter Isaacson's, Tesla influencers, FSD, they'd, Raj Balwani, Chuck Cook, Tesla Raj, Balwani, I've, Cook, he'd, they're, Missy Cummings, Cummings, Philip Koopman, Koopman Organizations: Service, Business, Tesla, SpaceX, Twitter, California Department of Transportation, YouTube, National, Traffic Safety Administration, Carnegie Mellon University, US Justice Department Locations: Hillsborough , California, Tesla's Austin, Fremont , California, Hawthorne , California, California, San Francisco, Buffalo , New York, Los Angeles, Hawthorne, YouTubers, Lombard

☆ A key part of America’s economy has shifted into reverse
▼ + stars: | 2024-07-07 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

Washington CNN —A vast swath of the US economy is showing signs of weakness as unemployment rises to its highest point in more than two years. “When you think of services, a lot of it is driven by the consumer, and consumers are key to where the US economy goes,” James Knightley, chief international economist at ING, told CNN. Consumer spending, which makes up about 70% of the US economy, has already moderated over the past few months, government statistics show, and retailers themselves have said they’ve noticed shoppers across the income spectrum change their purchasing behavior. The bottom 60% of households by income accounted for a larger proportion of spending on health care services. These firms have added 168,000 jobs a month, on average, from April through June, according to fresh Labor Department data released Friday.

Persons: “, ” James Knightley, “ We’re, Knightley, Scott Hamilton, Gallagher, It’s, Tesla, China’s Geely, Laura He, Elon, Jerome Powell, Michael Barr, Michelle Bowman, Austan Goolsbee, Raphael Bostic Organizations: CNN Business, Bell, Washington CNN, Institute, Supply, ING, CNN, Commerce, Service, Labor Department, EV, Volvo, SAIC, Elon Musk’s, Business, Committee, Fed, China’s National Bureau of Statistics, Financial Services, Chicago Fed, Pepsico, Delta Air Lines, ConAgra Brands, US Labor Department, Atlanta Fed, JPMorgan Chase, Citigroup, The, New York Mellon, The University of Michigan Locations: Washington, United States, California, Jiangsu, China, Shanghai, Wells Fargo

☆ How a New York short-seller took on one of the world's richest people, wiped out $150 billion in market value, and barely made any money
▼ + stars: | 2024-07-06 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +10 min

Read previewNate Anderson, the chief mind behind activist short-seller Hindenburg Research, has had an eventful past 18 months. AdvertisementDetailed below is the considerable back-and-forth that's taken place since Hindenburg's initial shot across the bow of Adani Group. It cited "numerous examples"of those companies funneling money through private companies owned by Adani, before cash was set to Adani's listed public companies. AdvertisementThe short-seller's investigation also found Adani's private and public companies to have "numerous" undisclosed transactions with other parties, the researchers found, which violates regulatory laws in India. Conflict over Hindenburg's short-selling arrangementIndian regulators have raised specific questions about the structure of Hindenburg's short bet on Adani Group.

Persons: —, Nate Anderson, Gautam Adani, Hindenburg, it's, Anderson, Gautam, Hindenburg's, Adani, SEC —, Kingdon, who's, he's, Nikola, Carl Icahn Organizations: Service, Hindenburg, Business, Group, Adani, Adani Group, Hindenburg Research, The Securities, Exchange Board, SEC, Kingdon Capital Management, Regulators, Lordstown Motors, Icahn Enterprises, New York Times, Times, charlatans Locations: India, Manhattan, Adani, New York

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