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☆ The Olympics’ Toughest Act: Balancing Sports and Politics
▼ + stars: | 2024-08-10 | by ( Hannah Beech | Valerie Hopkins | ) www.nytimes.com time to read: +1 min

And they were, in this moment of defeat by a team from a political rival, not even allowed the comfort of their homeland’s name and flag. To be an Olympian from Taiwan is to not exist, at least not officially. To placate China, the island competes at the Games under the awkward designation of Chinese Taipei. “I’m only fighting for myself, through my own hard work,” said Taiwan’s Chen Szu-yu, substituting self for state on the Olympic stage. Her teammate Chien Tung-chuan sidestepped the political discussion entirely, refraining from comment on Taiwan’s status at the Olympics.

Persons: “, ”, Taiwan’s Chen Szu, Chien Tung, chuan Organizations: Games, Team China, Olympics Locations: Paris, Taiwan, China, Taipei

☆ Wall Street will get key insight on the consumer, inflation in the week ahead as recession fears swirl
▼ + stars: | 2024-08-09 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

The wildest week of 2024 has investors bracing for more volatility in the week ahead, with key insight on the consumer and inflation coming at a time when recession fears are top of mind. Inflation, labor data Next week's inflation data could get less attention than it has over the past year when the Fed's fight against pricing pressures put inflation reports on center stage. Recently, it's been the labor market getting the most attention. "The market's caring much more about about labor markets and growth, than they do inflation right now," Ladner said. Week ahead calendar All times ET Monday, Aug. 12 2 p.m. Treasury Budget (July) Tuesday, Aug. 13 8:30 a.m. Producer Price Index (July) Earnings: Home Depot Wednesday, Aug. 14 8:30 a.m. Consumer Price Index (July) 8:30 a.m.

Persons: Scott Ladner, it's, Ladner, —, Strategas, Ryan Grabinski, RJ Assaly, Jeremy Siegel, Chen Zhao, Zhao, Price Organizations: Federal, Walmart, Home, Horizon Investments, Bank of Japan, Wharton, Fed, UBS, Investments, Treasury Budget, Price, Philadelphia Fed, Retail, Manufacturing, Materials, Tapestry, Deere, Co, Housing Locations: U.S, NAHB, Michigan

☆ In these 4 American cities, the housing market just reached an incredible milestone
▼ + stars: | 2024-08-08 | by ( Samantha Delouya | ) edition.cnn.com time to read: +3 min

Chicago, Phoenix, Washington and Anaheim, California, have joined New York, Los Angeles, Atlanta and Boston as cities where total home values top $1 trillion, according to the report. San Diego and Seattle are close behind, with total home values of approximately $987 billion and $971 billion, respectively. That’s been the story of the US housing market for years as Americans grapple with one of the most unaffordable housing markets in a generation. Home prices fell in only one metro areaHome values in some cities are growing more quickly than others, Redfin’s report found. Only one metro area saw its home values fall, Redfin said: Cape Coral, Florida saw the value of its housing market drop of 1.6% over the last year.

Persons: underscoring, ”, Chen Zhao, That’s, Newark –, Redfin, Austin, Zhao, “ Organizations: CNN, Gallup, Fed, “ Locations: Redfin . Chicago, Phoenix , Washington, Anaheim , California, New York, Los Angeles, Atlanta, Boston, Diego, Seattle, New Jersey, New York City –, Brunswick, Newark, . New Brunswick, Anaheim ; New Haven , Connecticut, South Carolina, Coral , Florida, Orleans

☆ Olympic moment of the day: Facing giants, diver Andrea Spendolini-Sirieix shows what sports – and life – are all about
▼ + stars: | 2024-08-06 | by ( Patrick Sung | ) edition.cnn.com time to read: +5 min

The Olympic Games are perhaps the biggest stage of them all for this theatre of feeling. Great Britain’s Andrea Spendolini-Sirieix had entered Tuesday’s individual 10m platform with a bronze in the 10m synchronized platform with partner Lois Toulson. Fred Sirieix, who has appeared on a number of well-known shows in the UK throughout his career, was at the Aquatics Centre watching Spendolini-Sirieix dive over the last few days. Spendolini-Sirieix showed us that sport isn't just about medals, records and wins. We’re here to see you.’ And at the end of the day, that’s all I can ask for,” Spendolini-Sirieix said.

Persons: Andrea Spendolini, Sirieix, Lois Toulson, –, Fred Sirieix, China’s Quan Hongchan, Chen Yuxi, Manan Vatsyayana, Quan –, Chen, Quan, old’s, I’m, ”, I’ve, “, It’s, ‘ We’ve Organizations: CNN, Olympic, Paris, Aquatics, Games, BBC, Aquatics Centre, Getty, British, Team GB, Olympic Games, Lifeline Locations: Doha, AFP, Chinese, Tokyo

☆ The Zombie Pharmacies That Are Holding Back New York City Retail
▼ + stars: | 2024-08-06 | by ( Stefanos Chen | Lucía Vázquez | ) www.nytimes.com time to read: +1 min

Over a million square feet of retail space is empty in vacant chain-drugstore locations across New York City. Aug. 6, 2024An empty Duane Reade, steps from Wall Street, darkens a landmark office building. Scores of chain drugstores that once anchored shopping hubs across New York City remain shuttered even as much of the city’s storefront real estate has bounced back from the Covid-19 pandemic. The result is over a million square feet of prime real estate collecting dust in some of the busiest commercial districts, according to a new analysis of the city’s pharmacy market. And critics say the stores have become neighborhood eyesores that attract illegal activity and detract from nearby businesses.

Persons: Duane Reade, Murray Hill Organizations: Walgreens Locations: New York City, darkens, Murray, Astoria

☆ China's city dwellers will soon have more pets than toddlers, and there's one way investors can cash in on the trend, Goldman Sachs says
▼ + stars: | 2024-08-05 | by ( Kwan Wei Kevin Tan | Aditi Bharade | ) www.businessinsider.com time to read: +6 min

Read previewChina's baby bust could see its urban pet population outnumbering the number of toddlers by 2030, investment bank Goldman Sachs wrote in a July 28 report. According to Goldman Sachs' forecasts, China will have more than 70 million urban pets by 2030. AdvertisementThe rise in pet ownership, the bank said, could help push China's pet food market to $12 billion by 2030. People having more pets than babies shouldn't be surprising considering how China is presently grappling with a demographic crisis. China's population shrank again in 2023, with the number of deaths exceeding the number of births by 2.08 million people.

Persons: —, Goldman Sachs, Lin Zhang, Zhang, Zheng Mu, Zheng, Cash, haven't, Bihan Chen, Emily Huang, Huang, Ann, Hunter van Kirk Organizations: Service, Business, country's National Bureau of Statistics, University of New, Zhang, National University of Singapore, National Association of Realtors, NAR, Bloomberg Intelligence Locations: China, country's, University of New Hampshire, Europe, East Asia

☆ Bitcoin tumbles as risk assets plunge in global market rout
▼ + stars: | 2024-08-05 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Bitcoin dropped on Monday amid the global market meltdown. Crypto has not been spared the carnage as traders eye a growing risk of a US recession. The sell-off in crypto comes as risk assets plunge in a global market rout caused by worries over the state of the US economy. Some market observers have said that the historic market rout could prompt an emergency rate cut from the central bank in the next week. Japan's Nikkei 225 index dropped 12% early Monday in its worst single-day decline since 1987, and markets in South Korea and Europe also plunged.

Persons: Bitcoin, Crypto, —, Gracy Chen Organizations: Service, Federal Reserve, Fed, Japan's Nikkei, Bank of America Locations: South Korea, Europe

☆ Blue-collar entrepreneurs say it's getting harder to turn a profit as competition for 'sweaty startups' heats up
▼ + stars: | 2024-08-03 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +13 min

Sweaty startups are blue-collar businesses, often in unglamorous or laborious fields like septic services, car washes, or lawn care. It's what your grandparents would've just called a small business, but it was a tongue-in-cheek answer to the Silicon Valley-style entrepreneurship being glorified in culture at that time. Still, some small businesses look to private equity to scale their businesses in different markets, even if that means overhauling operations in some cases. "Small businesses partner with private-equity firms because they provide access to capital and organizational support to help companies grow," Drew Maloney, the council's president and CEO, told BI. Alejandro FlorezBoth of his parents were janitors, and when he was a senior in high school he started a small cleaning company that he grew by knocking on doors and cold-calling.

Persons: —, Patrick Hocker, Hocker, he'd, Nick Huber, would've, Huber, he's, Drew Maloney, Stan Chen, Chen, Alejandro Florez, Florez, Chris Salisbury, BuzzFeed — Salisbury, Salisbury Organizations: Service, Business, Bluebird Pest Solutions, Pest, Alpine Investors, American Investment Council, BlackRock, America Locations: Virginia, Pest, Boston, San Francisco, America, Bradenton , Florida, Jacksonville, Orlando, nuDoors, Brooklyn , New York

☆ Tencent Cloud downplays AI hype when it comes to making games
▼ + stars: | 2024-07-30 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

Tencent Games was one of the exhibitors at ChinaJoy in Shanghai on July 26, 2024. BEIJING — When it comes to gaming, the use of ChatGPT-like generative artificial intelligence is still in an exploratory phase, according to Liang Chen, general manager of Tencent Cloud's internet industry department. Parent company Tencent is one of the world's largest gaming companies and owns U.S.-based Riot Games, home of popular titles such as League of Legends and Valorant. Chen said that AI has long been used by gaming companies for pattern recognition and other functions, but effective use of generative AI comes with high costs. OpenAI's ChatGPT chatbot and similar technologies have enabled AI to better understand and generate content in a human-like way.

Persons: Liang Chen, Tencent, Chen, OpenAI's ChatGPT Organizations: Tencent, Games, of, CNBC Locations: ChinaJoy, Shanghai, BEIJING

☆ Housing affordability is 'moving in the right direction,' economist says. Here's what to know
▼ + stars: | 2024-07-30 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +2 min

A slight decrease in mortgage rates in the month of June definitely helped buyers, said Yun. Housing affordability is improving ever so modestly, but it is moving in the right direction. While there's still an affordability challenge broadly, conditions are "moving towards a more neutral market," Orphe Divounguy, a senior economist at Zillow. Total housing inventory registered at the end of June was 1.32 million units, up 3.1% from May and 23.4% from a year ago, according to NAR. Competition is easing fastest in the South, where all major southern markets except Dallas and Raleigh are either neutral or buyer-friendly, according to the June 2024 Zillow Housing Market Report.

Persons: Yun, Freddie Mac, Lawrence Yun, Chen Zhao, there's, Selma Hepp Organizations: Sdi, CNBC, Investors, National Association of Realtors, Zillow Locations: Redfin, Dallas, Raleigh

☆ In Oregon, a Bid for Urban Casinos Threatens a Gambling ‘Arms Race’
▼ + stars: | 2024-07-29 | by ( David W. Chen | Jordan Gale | ) www.nytimes.com time to read: +1 min

As the franchise owner of an Elmer’s family restaurant in southern Oregon featuring German pancakes “almost as big as Crater Lake” and omelets stuffed with local Tillamook Cheddar cheese, David R. Thomason has always tended to his customers, even before they walk through the front door. But these days, he is more worried about the ones who come in the side entrance, which leads to a bar lounge where customers can bet on slotlike machines operated by the Oregon Lottery until 2 a.m.Like many of the state’s 3,800 video lottery retailers who pump almost $1.7 billion into the state’s coffers, Mr. Thomason is waiting for the U.S. Department of Interior to decide whether two Oregon tribes will be allowed to claim a much bigger stake in state gambling revenues by opening casinos in urban areas, far from their reservations along the coast. “I’m adamantly opposed to the tribal expansion,” Mr. Thomason said on a recent weekday morning, when four of six gaming terminals were in use, and a few customers were nursing drinks. “My belief is that we would see as much as a 25 percent drop in volume.”

Persons: David R, Thomason, “ I’m, Mr Organizations: Oregon Lottery, U.S . Department of Interior Locations: Oregon

☆ The first Fed interest rate cut in years is on the horizon. Here's what homeowners, buyers need to know
▼ + stars: | 2024-07-29 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +5 min

Valentinrussanov | E+ | Getty ImagesThe Federal Reserve is poised to make the first interest rate cut in years this fall, which can influence mortgage rates to go down. To that point, people in the market to buy a home have been eagerly waiting for the Fed to cut rates. The Fed is meeting this week, but experts say it seems more likely that the first rate cut will come in September. That would be the first rate cut since 2020 in the onset of the Covid-19 pandemic. While mortgage rates are fixed and mostly tied to Treasury yields and the economy, they are partly influenced by the Fed's policy.

Persons: Chen Zhao, Freddie Mac, Refinance, it's, Zhao, Selma Hepp, Hepp, Jacob Channel, there's Organizations: Fed, Treasury, Mortgage, Association, Finance Locations: Redfin

☆ The best photos from the 2024 Paris Olympics
▼ + stars: | 2024-07-26 | by ( Brett Roegiers | ) edition.cnn.com time to read: 1 min

The Paris Olympics kicked into full gear Saturday, a day after an opening ceremony like no other. China won the first two gold medals of the Games, with the first coming in the 10-meter air rifle mixed-team event (Huang Yuting and Sheng Lihao) and the second coming in the women's synchronized 3-meter diving event (Chang Yani and Chen Yiwen). One world record was broken before the opening ceremony even took place. South Korean archer Lim Si-hyeon shot a world record 694 in the individual ranking round Thursday.

Persons: Huang Yuting, Sheng Lihao, Chang Yani, Chen Yiwen, Lim Si Organizations: Paris Olympics, China

☆ Defining a buyer's market 'is always a bit tricky,' real estate expert says: 4 signs to monitor
▼ + stars: | 2024-07-26 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +4 min

Despite those headwinds, some indicators show the housing market is shifting away from a seller's market. That doesn't mean it's a buyer's market — yet: "The term buyer's market is always a bit tricky to work with," said Chen Zhao, the economic research lead at Redfin, an online real estate brokerage firm. There are "rules of thumb" to define a buyer's market, like having more than four months of supply, she said. "We're still nationwide somewhat in a seller's market, not a buyer's market yet," he said. Here are four signs that can help you recognize if the housing market in your area is more in buyers' favor: 1.

Persons: Freddie Mac, Chen Zhao, Zhao, they're, We're, Daryl Fairweather, Redfin, Julie Zubiate, Selma Hepp, Sellers Organizations: National Association of Realtors, NAR, Federal, Zillow, CNBC, Finance, Sdi, San Francisco Bay Area Locations: U.S, Redfin, San Francisco Bay

☆ Harris says 'it is time for this war to end,' affirms 'unwavering' support for Israel
▼ + stars: | 2024-07-25 | by ( Josephine Rozzelle | ) www.cnbc.com time to read: +4 min

Vice President Kamala Harris said "Israel has a right to defend itself ... and how it does matters." Harris' remarks followed a meeting she held with Israeli Prime Minister Benjamin Netanyahu in Washington Thursday. "It is time for this war to end and end in a way where Israel is secure, all the hostages are released, the suffering of Palestinians in Gaza ends and the Palestinian people can exercise their right to freedom, dignity and self determination," said Harris. "Let us all condemn terrorism and violence," Harris said after meeting with Netanyahu Thursday. Approximately 1,800 people were killed in Hamas' brutal surprise attack on Israel Oct. 7, 2023, triggering the Israeli military incursion.

Persons: Kamala Harris, Harris, Benjamin Netanyahu, Netanyahu, Let's, Biden, Jonathan Dekel, Chen, Sagui Organizations: Israeli, Democratic, U.S, Capitol, Israel, Hamas, Ministry of Health Locations: Israel, Washington, Gaza

In brief remarks before the meeting, Netanyahu mentioned how the two men have known each other for four decades. Biden also participated in a meeting with Netanyahu that includes families of American hostages in Gaza - a separate setting where he could apply firm pressure on Netanyahu to finalize the ceasefire agreement. After their meeting with the president and Netanyahu, some family members struck an optimistic tone on the prospects of a deal being reached soon. “We got absolute commitment from President Biden and Prime Minister Netanyahu that they understand the urgency of this moment now. However, as CNN reported this week, US and Israeli officials have voiced increased optimism about the prospects of an agreement.

Persons: Joe Biden, Benjamin Netanyahu, Netanyahu, “, ” Biden’s, ” Biden, ”, Biden, Siegel, Alexander, Chen, Naftali, Goldberg, Jonathan Dekel, –, ” Netanyahu, Kamala Harris, Harris, Nathan Howard TPX, Nathan Howard, Israel, Donald Trump, Trump, CNN’s Sam Fossum Organizations: Washington CNN, Israeli, CNN, Jewish, State, ” Biden reminisced, Biden, United, Prime, Central Kitchen, US, Democratic, Eisenhower, REUTERS, Trump, Networks Locations: Washington ,, Irish, American, Israel, Gaza, America, Washington , DC, Palm Beach , Florida

☆ Disneyland avoids what would have been the first strike in 40 years
▼ + stars: | 2024-07-24 | by ( Shania Baweja | Natasha Chen | ) edition.cnn.com time to read: +1 min

CNN —Disneyland has averted the possibility of the first employee strike in 40 years by reaching a tentative agreement with 14,000 workers on Tuesday. Approximately 9,500 of those employees whose contract had already expired voted Friday to authorize a strike, which had yet to be scheduled as planned negotiations continued early this week. The bargaining group of four unions, represents workers including ticket takers, candy makers, custodians, retail workers, and ride operators. Frederic J. Brown/AFP/Getty Images“I’m excited, overwhelmed and beyond the moon,” said Cyn Carranza, a Disneyland resort employee. Union leaders said they will not release details of the tentative agreement until employees have the chance to review and vote on the contract next Monday.

Persons: Jessica Good, “, Frederic J . Brown, ”, Cyn Carranza Organizations: CNN, Disneyland Resort, Master Services, Disney, Resort, Getty, Union Locations: Anaheim , California, AFP

☆ Optimism increases about prospects for a Gaza ceasefire deal, but families of hostages remain concerned ahead of Netanyahu’s address to Congress
▼ + stars: | 2024-07-23 | by ( Jennifer Hansler | Alex Marquardt | Jeremy Diamond | ) edition.cnn.com time to read: +11 min

For the families of the hostages held more than nine months in Gaza, there is no time to wait. The Israeli prime minister wants to meet with Biden before the Israeli delegation formally transmits its response to the mediators, the source said. US officials have been sensitive to the Knesset recess as they remain convinced that politics are at play for Netanyahu back in Israel. US officials believe it is possible that Israelis are seeking to put maximum pressure on Hamas ahead of a deal. US and Egyptian officials have begun preparing the flood of humanitarian aid that would enter Gaza if a ceasefire deal goes into effect.

Persons: Benjamin Netanyahu, Joe Biden, Biden, Kamala Harris, Antony Blinken, Netanyahu, “ It’s, ”, Netanyahu ‘, ’ Aviva Siegel, Keith, Netanyahu “, They’ve, I’ve, Siegel, “, Jon Polin, Hersh Goldberg, Biden’s, Donald Trump, Harris, Netanyahu doesn’t, Jonathan Dekel, Chen, Sagui Dekel, Satan, ” Netanyahu, Daniel Neutra, Omer, Matthew Miller, ” Miller, There’s, Israel, –, Jake Sullivan, ” Blinken, we’ve Organizations: CNN, Israeli, Hamas, Democratic, Monday, US State Department, Government, Biden, UN, Israel Defense Forces, IDF Locations: Gaza, Israel, Egypt, Qatar, Washington, Rafah, Egyptian, el, Arish

☆ Harry Connick Jr. says he and his wife of 30 years have 'no rules' in their marriage
▼ + stars: | 2024-07-23 | by ( Amanda Goh | ) www.businessinsider.com time to read: +5 min

Read previewThree-time Grammy Award-winning musician Harry Connick Jr. says he and his wife don't live by any rules in their marriage. "We trust each other, we love each other, we communicate," Connick Jr. told People. Advertisement"Certain things that work for us may not work for other people, but we're not too big on rules," Connick Jr. said. Related storiesOther celebrities, in addition to Connick Jr., have spoken about how they keep their relationships strong. A representative for Connick Jr. did not immediately respond to a request for comment from BI sent outside regular business hours.

Persons: —, Harry Connick Jr, Jill Goodacre Connick, Connick, we're, Kate, we've, I'm, I've, they'll, it's, Blake Lively, Ryan Reynolds, Robert Downey Jr, Susan, Eva Mendes, Ryan Gosling, James Chong, Jean XM Chen, Chong, Chen Organizations: Service, Business, Connick Jr, Mind, BI Locations: Georgia, Charlotte, Mind Singapore

Learn moreThe US version of Big Brother is back, and things are already heating up just one week in. Keep reading to learn where to watch Big Brother, including a free streaming option for Season 26. The US version is just one of many global iterations of Big Brother to crop up following the franchise's first Dutch installment in 1999. Where to watch Big Brother in the USNew episodes of Big Brother air on Sundays, Wednesdays, and Thursdays at 9 p.m. Check price at FuboWhere to watch Big Brother in CanadaWhile Canada has its own Big Brother, it's currently in the offseason.

Persons: Big, Julie Chen Moonves, they're, it's, you'll, They're, ExpressVPN Organizations: Business, CBS, Paramount, Showtime, NFL, Nickelodeon, Comedy Central, BET, MTV, Global, Global TV Locations: Canada, Canadian

☆ Israeli settlers attack foreign activists and Palestinian farmers in West Bank
▼ + stars: | 2024-07-22 | by ( Abeer Salman | Lauren Izso | ) edition.cnn.com time to read: +5 min

Jerusalem CNN —Masked Israeli settlers attacked a group of Palestinian farmers and foreign activists accompanying them for protection in the West Bank town of Qusra on Sunday, according to victims of the attack and videos obtained by CNN. Eight activists were participating as part of a Palestinian grassroots campaign called Defend Palestine, which calls on international volunteers to travel to the Israeli-occupied West Bank to protect Palestinians from Israeli settler attacks. They said they were accompanying Palestinian farmers to their olive fields, which they haven’t been able to access since October because of attacks by Israeli settlers. There are currently more than 700,000 Jewish settlers in the West Bank. Sunday’s assault followed a separate attack on Saturday in the West Bank, south of Hebron.

Persons: Vivi Chen, David Hummel, Jedda, ” Chen, “, Hummel, ” Israel, ‘, Mohammed Khatib, ” Organizations: Jerusalem CNN, West Bank, CNN, Court of Justice, United Nations ’, Israel Defense Forces, Palestinian Locations: Jerusalem, West, Qusra, Palestinian, Nablus, Jordan, East Jerusalem, Israel, Palestine, Hebron

Four years ago, Jack Ma was the embodiment of China’s spectacular economic rise. Already the country’s wealthiest and most famous businessman, he was poised to become one of the richest in the world. The expected initial public offering of Mr. Ma’s fintech company, Ant Group, was projected to surpass the record-shattering launch of his e-commerce giant, Alibaba. At the same time, another wealthy Chinese businessman was awaiting a very different fate. Mr. Xiao had amassed a fortune manipulating markets and cultivating close ties to relatives of top Chinese officials, and he was about to be made an example.

Persons: Jack Ma, Ma’s, Bill Gates, Steve Jobs, Xiao Jianhua, Xiao Organizations: Ant, The New York Times Locations: China

No businessman in China was more successful, famous or rich than Jack Ma, whose magic touch turned companies like Alibaba into international juggernauts. But an investigation by The New York Times and The Wire China found that another Chinese businessman, with deep connections to relatives of China’s political elite, had been secretly investing in Mr. Ma’s companies. Through a network of shell companies and stand-ins, that businessman, Xiao Jianhua, entered into deals in Mr. Ma’s companies over a period of five years, the investigation found. Mr. Xiao, a billionaire, is now in detention serving a 13-year-sentence for bribery and corruption, a high-profile target in President Xi Jinping’s dramatic consolidation of power. Mr. Ma, for his part, has all but retreated from public life, having no formal role in the companies he founded.

Persons: Jack Ma, Xiao Jianhua, Xiao, Xi, Ma, Alibaba, Ma “, Ma’s Organizations: The New York Times, Mr Locations: China

☆ It appears Biden is 'much closer to bowing out today' than he was 24 hours ago, analyst says
▼ + stars: | 2024-07-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt appears Biden is 'much closer to bowing out today' than he was 24 hours ago, analyst saysLanhee Chen, director of domestic policy studies in the public policy program at Stanford University, says Joe Biden "no longer finds himself in a position to be really competitive with Donald Trump in this race."

Persons: Biden, Lanhee Chen, Joe Biden, Donald Trump Organizations: Stanford University

☆ Thousands of Disneyland workers are expected to authorize a potential strike. It would be the first in 40 years
▼ + stars: | 2024-07-19 | by ( Natasha Chen | ) edition.cnn.com time to read: +7 min

Now, negotiating better wages and working conditions for Carranza and thousands of other Disneyland employees has gotten messy, to the point where 9,500 of them will conclude a vote on Friday that will authorize a potential strike. But that does not mean a strike will necessarily happen, as was the case with Teamsters at UPS last year. A dream of affordabilityCarranza ‘s Disneyland wage is just over $20 per hour, after factoring in a differential for working the overnight shift. Escaping reality, not confronting itA strike would involve about 9,500 employees who work at Disneyland Park, currently under a contract that expired in June. But only the Disneyland Park employees will vote and participate in a strike for now.

Persons: CA CNN — Cyn Carranza, it’s, ’, Carranza, ” Carranza, –, Coleen Palmer, Palmer, Coleen, ” Palmer, they’ve, Jenna Thompson, ”, Chris Isidore Organizations: CA CNN, Disney, Teamsters, UPS, Voters, Disneyland Resort, Park, Downtown Disney, Disneyland, ’ Equity Association, SEIU, USWW, UCFW, BCTGM, National Labor Relations Board, NLRB, CNN Locations: Anaheim, CA, Carranza, Orange County , CA, Southern California, Disney California

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