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☆ Crypto selloff wipes out $270 billion in value as bitcoin, ether plunge
▼ + stars: | 2024-08-04 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

The cryptocurrency market plummeted in value on Sunday, as investors continued selling out of risky assets. Led by a drop of 11% in bitcoin in the past 24 hours and a 21% plunge in ether, the overall value of cryptocurrencies sank by about $270 billion, according to CoinGecko data. The selloff in the crypto market coincided with a broader slide in equities in Asia-Pacific markets. The latest crypto wipeout will be felt by a broader base of investors after the SEC this year approved new spot exchange-traded funds for bitcoin and ether. WATCH: Bitcoin swings amid broad market selloff

Persons: Bitcoin, It's, Binance's, Morgan Stanley Organizations: Nikkei, Bank of Japan, Nasdaq, Nvidia, U.S . Federal, solana, SEC, CNBC, Wall Locations: bitcoin, Asia, Pacific, U.S, freefall, China, Taiwan, India, Australia

More than in any other foreign arena, Vance has sought to echo Trump on the Ukraine war. In doing so, he emphasized the thick vein of “scarcity politics” that runs through his foreign policy, arguing that the U.S. can’t equip Ukraine with enough materiel to hold back an opponent as vast as Russia. Vance described Ukraine ceding territory to Vladimir Putin as being in “America’s best interest” while appearing more supportive than Trump of remaining in NATO. The foreign policy views of Pence, vice president when Trump was in office, while not loved by everyone, were at least “mature” — they were informed by several terms experiencing the consequences of foreign policy becoming reality, according to Daniel Kurtzer, a former U.S. ambassador to Israel and now a professor at Princeton. Vance, on the other hand, brings “no foreign policy experience, certainly no expertise,” Kurtzer says, and he will fall in behind his boss when needed.

Persons: JD Vance, Donald Trump, ”, “, Vance, Clayton Allen, —, Anna Moneymaker, Trump, Bronwen Maddox, “ He’s, ” Allen, Biden, Vladimir Putin, Chatham House’s Maddox, Joe Biden, ” Vance, Patrick Baz, doesn’t, William Ruger, Israel, — Trump, Jair Bolsonaro, Viktor Orban, ” Trump, Stephen Maturen, Vance “, Dick, Cheney ”, George W, Allen, Hitler, Mike Pence, Pence, Daniel Kurtzer, ” Kurtzer, Benjamin Netanyahu, Charles Hollis, Hollis, Trump’s, ’ ”, Maddox, Grover Cleveland Organizations: Marines, Yale Law School, Gaza, Ohio, GOP, Eurasia Group, Republican Party, NATO, Republican National Convention, Democrat, Republicans, NAFTA, China, Getty, American Institute for Economic Research, Kremlin, Bloomberg, Trump, Princeton, United, Aperio Intelligence Locations: Iraq, U.S, Ukraine, Sierra Vista, London, Kyiv, Russia, lockstep, Europe, Mexico, Baghdad’s, Owerij, Ohio, Pennsylvania, Michigan, Great Barrington , Massachusetts, Ukrainian, Taiwan, “, St Cloud, Minn, Israel, China, Gaza, Saudi Arabia, Iran, United States, Montezuma, Canada

☆ How a shuttered power plant in Michigan could pave the way for more nuclear energy
▼ + stars: | 2024-08-03 | by ( Spencer Kimball | ) www.cnbc.com time to read: +7 min

The Palisades Nuclear Generating Station in Covert, Mich. John Madill | The Herald-Palladium | APThe Palisades Power Plant on the shores of Lake Michigan had become a piece of history, a relic of an era when nuclear energy was viewed as the future. The new technology, which could become the first of its kind on the U.S. grid, promises to speed deployment of nuclear plants in the future. The U.S. and a coalition of more than 20 other countries pledged in December to triple nuclear energy by 2050. But building new nuclear plants is slow and expensive. SMRs are viewed as an important path to expand nuclear power because they promise to reduce capital costs, a major hurdle to building new plants.

Persons: John Madill, Kelly Trice, Holtec, Gretchen Whitmer, Whitmer, Trice, Jennifer Granholm, Kristen Norman, Chris Womack, " Trice, We've Organizations: Herald, Palladium, Palisades Power, Holtec, Department of Energy, Nuclear Regulatory Commission, Michigan, Training, Bloomberg, Getty, Rystad Energy, Energy Information Administration, Southern Company, Big Tech, Holtec's SMR Locations: Covert, Mich, Lake Michigan, Covert , Michigan, Grand Rapids, U.S, Michigan, Palisades, Pennsylvania, Florida, Turkey

☆ I clean and declutter other people's homes. Here are 5 tips you can use while decluttering your own spaces.
▼ + stars: | 2024-08-03 | by ( Sonia Weiser | ) www.businessinsider.com time to read: +5 min

For the past decade, I've been helping New Yorkers from all income brackets and in every borough organize their spaces. Get rid of all the packagingOh my god, the sheer volume of appliance and electronic packaging and manuals I've seen. Instead, use your precious closet space to store items that look good on you now. If you change sizes, you can get new clothes, either from a store or from people in your community. Closet space is a precious commodity.

Persons: I've, You'll, you'll, pare, it's Organizations: Service, Business

☆ Dress Codes: How high is too high? The evolution of the women’s running brief
▼ + stars: | 2024-08-03 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +7 min

CNN —When women first competed in Olympic track and field events in 1928, they wore loose t-shirts and wide shorts, sometimes cinched with a belt. Nike's design for the US women's team outfit, right, is seen in an image posted to X by @CitiusMag. The controversy follows a headline-making protest at the 2020 Tokyo Games, when the German women’s gymnastics team rejected bikini-cut unitards in favor of fuller coverage, in a statement against “sexualization in gymnastics,” the German Gymnastics Federation said at the time. Function and styleOn the Olympic track, there aren’t many regulations when it comes to what athletes can wear. But more fabric hasn’t caught on since then for women track athletes; instead, the reverse has trended.

Persons: Lauren Fleshman, ”, Tara Davis, Woodhall, Katie Moon, Sha’Carri Richardson, Judy Simpson, Jackie Joyner, David Cannon, “, Gadget, Abebe Bikila, hemlines, Dobriana Gheneva, ” Gheneva, That’s, Florence Griffith Joyner, Richardson, Vogue, Florence Griffith, Joyner, Tony Duffy, Sha'Carri Richardson, Griffith Joyner, Tim Clayton, Corbis, Griffith Joyner’s, Serena Williams, Cathy Freeman, Flo, Gheneva, baring Organizations: CNN, Nike, Games, US, @CitiusMag, Paris, USA, Field, USATF, Angeles Olympics, German Gymnastics Federation, World Athletics, Ethiopian, Gamma, Getty, Fashion Institute of Technology, Reebok, “, ” Locations: German, Keystone, France, New York

The Republican nominee for governor of North Carolina is out with a new TV ad where he and his wife reveal that she had an abortion 30 years ago. Mark Robinson and his wife talk directly to the camera, revealing few details about the procedure beyond his telling viewers, "Thirty years ago, my wife and I made a very difficult decision. Robinson’s promise in his TV ad to keep the state’s abortion ban at 12 weeks appears to mark a shift from his previous remarks. "As governor, Mark Robinson will work to make North Carolina a destination for life by building a culture that does more to support women and families, including bolstering adoption, as well as foster and childcare." Robinson isn't the first GOP candidate this year to publicly say his wife had an abortion.

Persons: Mark Robinson, Robinson, Josh Stein, Roy Cooper, We’ve, Robinson’s, Mark Lonergan, Lonergan, Sam Brown, Amy, Sen, Kelly Ayotte, Dave Reichert Organizations: Republican, Gov, Democratic, GOP, Fox News, NBC News Locations: North Carolina, Nevada, Washington and New Hampshire, New Hampshire, Washington

While most of TIAA’s clients are current or retired workers at nonprofit organizations, TIAA also offers individual retirement accounts to investors online. They didn’t own enough in-house TIAA products, according to the complaint and a recording of Parkin’s presentation. But in two asset classes, the tool’s recommendations are limited to TIAA products, according to the complaint and internal documents. Morningstar selects asset classes and investments for the TIAA tool from those chosen by a retirement plan fiduciary, it said. Paras Griffin / Getty Images fileThe recent push to increase client usage of TIAA’s advice tool appears to be succeeding.

Persons: Ted Fitzpatrick, Fitzpatrick, TIAA, “, ” Fitzpatrick, ’, Chris Tobe, Craig Parkin, Rajotte, ”, Yale, Craig Warga, TIAA hasn’t, Ted Siedle, “ TIAA, ” Siedle, TIAA’s Parkin, Parkin, Thasunda Brown Duckett, “ Thasunda, ” Parkin, ” TIAA, Adriana Macias, Morningstar, Duckett, Rowe Price, TIAA’s, Paras Griffin, it’s, Steers, ‘ Organizations: SEC, New, Cornell University, University of North Carolina System, TIAA, Vanguard, Fidelity, Systems, Yale, Yale University, Bloomberg, Getty, Brown University and Harvard, NBC News, NBC, Morningstar Investment Management, of, Morningstar, “ Morningstar Investment Management, Bank of New York Mellon, Equitable Holdings, Cohen, Steers, & $ Locations: Milwaukee, TIAA, New York, New Haven, Conn, Chicago, Atlanta

☆ A mother turns grief over her daughter’s overdose death into a movement to save others struggling with addiction
▼ + stars: | 2024-08-02 | by ( Meg Dunn | ) edition.cnn.com time to read: +6 min

While in rehab, Jenna would often call her mother and ask her to pay for those who couldn’t afford to stay. Jenna’s Promise provides housing, therapy, workforce development, and a strong community to help women stay sober. Jenna’s Promise also owns a coffee roasting company, a café, and a general goods store. And then you go right back into the environment that you just left two weeks ago.”Coming to Jenna’s Promise was different. A big part of that was working at the Jenna’s Promise café, where she was promoted to assistant manager.

Persons: Johnson, Jenna Rae, ”, Dawn Tatro, Jenna Rae Tatro —, Tatro, Jenna, “, aren’t, ’ ” Tatro, ‘, ’, Greg, ” Tatro, Dawn Tatro — Meg Dunn, CNN Tatro, They’re, Britain Davignon, ” Davignon, Davignon, I’ve, we’ve Organizations: Vermont CNN, ” CNN, CNN, Tatro Locations: Vermont, Johnson , Vermont, Britain

☆ Biotech and more: Hold these growth stocks for the next 10 years, the pros say
▼ + stars: | 2024-08-02 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

Growth stocks have been volatile, with tech names going through wild swings in recent weeks. On the whole, growth stocks are up this year, although they recently fell slightly. What are some of such stocks that investors can buy and hold for the next 10 years? CNBC Pro asked fund managers and other investors who focus on growth stocks for some ideas. There are two segments in this business: original equipment and aftermarket, according to him.

Persons: Russell, TransDigm, Casey's, Janjigian Organizations: Nasdaq, . Federal Reserve, CNBC Pro, Waste Management, Republic Services Group, Carnegie Investment, Greenwich Wealth Management, U.S . Food, Drug Administration

☆ Opinion | Is It Weird to Care About the Birthrate?
▼ + stars: | 2024-08-02 | by ( Ross Douthat | ) www.nytimes.com time to read: +1 min

Even when the cats are left out of it, alas, the problem of weirdness is a chronic one for pro-natalists. This is not to concede that it is actually weird to care about the birthrate: Children are good, human beings are good, a prosperous future for the human race is good, and it’s absurd not to care about looming depopulation and all the social and economic problems that come trailing in its wake. Future generations (to the extent that they exist!) will find it much, much stranger that so many people barely noticed this issue or dismissed it than that a Republican vice-presidential candidate once floated giving children political representation through their parents. But if you are a pro-natalist, you still have to understand the reasons an aura of weirdness hangs over the idea.

Persons: Vance, — Organizations: Democratic, Trump, Republican Locations: United States

☆ Forget Ozempic — an under-the-radar antiaging supplement is the next hot commodity in Hollywood
▼ + stars: | 2024-08-02 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +9 min

She was talking about NAD+ boosters — the antiaging elixirs that have joined the ranks of Ozempic and Botox as staples of elite wellness routines. Even the military is testing out NAD boosters, hoping they might someday rejuvenate soldiers on the battlefield. "NAD coenzymes are the central catalysts of all living things," Charles Brenner, a biochemist who studies NAD, told Business Insider. AdvertisementTo boost NAD, don't take NADThere is a plethora of various powders, pills, and IV drips all promising to boost NAD. How to boost your NAD without an IV dripChicken, fish, and edamame all help boost our NAD levels.

Persons: —, I'm, Hailey Bieber, Joe Rogan, Stephane Cardinale, Charles Brenner, Robert Fried, Brenner, Fried, Dr, Sabine Donnai, She's, Shin, ichiro Imai, Louis who's, nicotinamide, Jeffrey Coolidge, pricey, Donnai, We're, Kourtney Kardashian, Arturo Holmes, Shalender Bhasin, hasn't Organizations: Service, Ozempic, Business, Hollywood, US Food and Drug Administration, Images Nutrition, Washington University School of Medicine, NAM, Brigham, Women's Hospital Locations: London, St, Boston

☆ A millionaire early retiree earning $380,000 a year in passive income went back to work—but only lasted 4 months
▼ + stars: | 2024-08-02 | by ( Ryan Ermey | ) www.cnbc.com time to read: +2 min

Last year, after selling a chunk of his stock and bond portfolio to purchase a house in cash, Sam Dogen found himself with too little passive income to support his family's budget. It turned out, this particular gig didn't align with his personal or financial priorities at this point in his life. By last year, his passive income portfolio, which includes stocks, bonds and real estate investments, among others, was bringing in about $380,000 a year. "That shored up a huge hole in my passive income," Dogen says. That won't produce passive income unless Dogen reinvests it, but it gave him the cash cushion to paper over some short-term cracks in his finances.

Persons: Sam Dogen, Dogen Locations: San Francisco

☆ Defense secretary abruptly revokes plea deal with alleged 9/11 mastermind KSM, co-conspirators
▼ + stars: | 2024-08-02 | by ( Oren Liebermann | Evan Perez | ) edition.cnn.com time to read: +5 min

CNN —Defense Secretary Lloyd Austin abruptly revoked a plea deal for the alleged mastermind of the September 11, 2001, terror attacks and his co-conspirators, and he relieved the overseer in charge after years of effort to reach an agreement to bring the cases to a close. Prosecutors in the case had been discussing the possibility of a plea deal for more than two years, which would have avoided a lengthy trial complicated by questions over the admissibility of evidence obtained during torture. The US had said it would seek the death penalty for Mohammed. US criminal courts for decades have dealt with high profile terror trials, including with death sentences, which Holder had authorized. “They were dealt a bad hand by political hacks and ideologues who lost faith in our justice system.

Persons: Lloyd Austin, Austin, Khalid Sheikh Mohammed, Walid Bin ‘ Attash, Hawsawi –, Susan Escallier, ” Austin, Mohammed, ”, Brett Eagleson, Democratic Sen, Richard Blumenthal, ” Sen, Lindsey Graham, “, George W, Bush, Eric Holder, Barack Obama’s, Holder, ” Holder, Daniel Pearl, ideologues, CNN’s Manu Raju, Morgan Rimmer Organizations: CNN —, Pentagon, Prosecutors, Democratic, Richard Blumenthal of Connecticut, CNN, South Carolina Republican, Wall Street Journal Locations: Guantanamo, Pearl, Richard Blumenthal of, Manhattan, Pakistan

☆ Trump's bitcoin strategy was shared behind closed doors with CEOs who raised $25 million. Here's what he told them.
▼ + stars: | 2024-08-01 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +15 min

Bitcoin 2024 attendee wears "Make Bitcoin Great Again" baseball cap. Trump said on Saturday that his campaign has raised $25 million from the crypto industry since it began accepting cryptocurrency donations in May. "Make Bitcoin Great Again" hats displayed for sale at the Bitcoin 2024 conference in Nashville, Tennessee, US, on Saturday, July 27, 2024. "The rules will be written by people who love your industry, not hate your industry," Trump declared that afternoon in the main auditorium as he warmed up the crowd. As Riot's Les put it, "I think the core message that we communicated to President Trump was, 'This is your industry leadership group.

Persons: Donald Trump, Jon Cherry, Donald Trump White, Tyler, Cameron Winklevoss, Paul Grewal —, David Sacks, Cantor Fitzgerald, Howard Lutnick, Cynthia Lummis, Bill Hagerty, Marsha Blackburn, Vivek Ramaswamy —, Kid Rock, Billy Ray Cyrus, Jason Les, Fred Thiel, Zach Bradford, Chris Cook, Amanda Fabiano, Michael Saylor wasn't, Saylor, Trump, That's, Donald Trump's, Les, he's, litigator, Tracy Hoyos, Cyrus strummed, " Hoyos, López, Hoyos, Cyrus, López Trump, Marathon's Thiel, Thiel, David Bailey, Bailey, Sen, Elizabeth Warren, Gary Gensler —, Kamala Harris, Cook, Saturday's, CleanSpark's Bradford, Riot's Les, indoctrinating, Bradford, they've, It's, we're Organizations: Republican, Getty, Music City Center, GOP, Gemini, Trump, U.S ., State Department, Marathon Digital Holdings, CNBC, Music City, Riot, Attorney, Bitcoin, BTC Inc, U.S . Securities, Exchange, US, Bloomberg, indoctrinating Trump, Industry, Mar Locations: Nashville , Tennessee, San Francisco, Nashville, Mar, Lago, U.S, San Bernardino County, López

☆ South Sudan is on the rise at the Olympics, just as Luol Deng envisioned it
▼ + stars: | 2024-08-01 | by ( Marcus Thompson Ii | ) www.nytimes.com time to read: +12 min

And that’s way bigger than wins and losses.”Really cool scene outside the arena after USA vs. South Sudan. Back on July 20, in London, South Sudan came within a couple possessions late of upsetting America in an exhibition. In the 11 days since the near upset of the century, South Sudan was searched an estimated 152,000 times. Then, in the country’s Olympics debut, South Sudan beat Puerto Rico to make national history. “There’s a lot of jokes in the media, a lot of people saying certain things about South Sudan.

Persons: Stade Pierre Mauroy, Kang JJ, ”, Royal Ivey, “, vFXBNtpx36 — Marcus Thompson II, Deng could’ve, Duke, he’d, Deng, ” Deng, Steve Kerr, it’s, ” Grant, Luol Deng, Nathaniel S, Butler, NBAE, LeBron James, Stephen Curry, Kevin Durant, Nuni Omot, I’ve, Ivey, Deng didn’t, Deng’s, Manute Bol, He’s, who’ve, ” Omot, Sudan’s JT Thor, Sameer Al, Omot, Kuol, Steph Curry, Wenyen Gabriel, Los Angeles, Anthony Davis, Bam Adebayo, They’re Organizations: Stade, Wec, Sudan didn’t, USA, Milwaukee Bucks, Chicago Bulls, NBA, Athletic, Invest, Team USA, Getty, America, French National Team, Puerto Rico, Sudanese People’s Liberation Movement, Southern, Bulls, United Nations, Food, Kenyan, Sydney Kings, National Basketball League, UNHCR, Los, Los Angeles Laker, Maccabi Tel Locations: D’ASCQ, France, South Sudan, Sudan, USA, Africa, Kenya, London, Puerto, Southern Sudanese, Wau, Egypt, That’s, Eastern Africa, AFP, Ethiopia, Minnesota, Australia, Khartoum, New Hampshire, Maccabi Tel Aviv

☆ Opinion | How 2024 Became a Crypto Election
▼ + stars: | 2024-08-01 | by ( Paul Krugman | ) www.nytimes.com time to read: +1 min

I didn’t anticipate the political twists and turns of the past few weeks, but then, who did? One thing I do blame myself for not seeing coming, however, is the extent to which this has become a crypto election. What is crypto? Donald Trump recently said, “Most people have no idea what the hell it is.” Indeed. Even now, it’s hard to explain exactly what Bitcoin and other crypto assets really are.

Persons: Donald Trump, “

☆ These income plays could do better than money market funds when the Fed cuts rates
▼ + stars: | 2024-07-31 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

Cash has poured into money market funds since the Federal Reserve began its rate hiking cycle. Short-term debt has been a popular investment over the past few years, and money market funds are a top example. For perspective, there was roughly $4 trillion in total money market funds as of the fourth quarter of 2019, according to the St. Louis Fed . Money market funds hold very short-term debt, and many currently offer a yield above 5%. "Historically, you don't tend to see money market inflows stop or convert to outflows until you get below say 3% on those rates.

Persons: Cash, Louis Fed, Sam Huszczo, Huszczo, Todd Sohn, Ken Brodkowitz, weren't, Brodkowitz, Strategas, Sohn, " Sohn, Callie Cox, Cox Organizations: Federal Reserve, Investment Company Institute, SGH Wealth Management, Federal, Bond, SEC, Gries Financial Partners, Fidelity, Income, Morningstar, US Treasury, Ritholtz Wealth Management, Ritholtz Locations: Detroit , Michigan, BlackRock

☆ Millions of student-loan borrowers should be on the lookout for an email update on Biden's broader debt cancellation plan. They might need to take action.
▼ + stars: | 2024-07-31 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

On Wednesday, the Education Department announced it was taking another step toward implementing its plan to cancel student debt using the Higher Education Act of 1965. A copy of the email reviewed by Business Insider told borrowers that "if you WANT to be included in potential student debt relief, you don't need to take any action." "Today, my Administration took another major step to cancel student debt for approximately 30 million Americans," Biden said in a statement. "Despite attempts led by Republican elected officials to block our efforts, we won't stop fighting to provide relief to student loan borrowers, fix the broken student loan system, and help borrowers get out from under the burden of student debt." The Education Department released its draft rules for debt relief in April.

Persons: —, Joe Biden's, Biden, Harris, Miguel Cardona Organizations: Service, Education Department, Higher, Business, finalization, Republican, Biden, Harris Administration

☆ 'A growth turnaround beginning': Here's what Wall Street expects from Apple's 3rd-quarter earnings
▼ + stars: | 2024-07-31 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +7 min

Artificial intelligence incorporated into Apple products could add another $30 to $40 each share of Apple stock, Wedbush estimated. "We strongly believe June will be the last negative growth quarter for China with a growth turnaround beginning in the September quarter. AdvertisementMorgan Stanley: Big upgrade cycle comingMorgan Stanley's research team reiterated Apple as its "top pick", thanks to a large number of Apple users set to upgrade their devices. "Apple Intelligence is a clear catalyst for a multi-year product upgrade cycle," analysts added in a note. But investors are still waiting for Apple Intelligence to roll out before sentiment improves.

Persons: —, Wedbush, Needham, Morgan Stanley, Morgan Stanley's, Oppenheimer, Apple's Organizations: Service, Apple, Apple Intelligence, Business, OpenAI, Bank of America, Apple Care, Apple Music, Analysts, Barclays, Stock Locations: China, Asia, Needham, Apple's

☆ President Biden is moving forward with another student debt relief plan—you have until August 30 to opt out
▼ + stars: | 2024-07-31 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +1 min

President Joe Biden is making another move to forgive student debt for millions of borrowers. Borrowers will have until August 30 to contact their loan servicer to opt out of any relief they may otherwise receive. The administration says if the rules are finalized as drafted, eligible borrowers shouldn't have to take any action to see debt relief. Borrowers who choose to opt out, however, will not have the opportunity to opt back in. "By providing more information to borrowers on how they can take advantage of our upcoming debt relief programs, borrowers will be prepared to benefit swiftly once the rules are final," Biden said in a statement.

Persons: Joe Biden, Harris, Education Miguel Cardona, Cardona, Biden Organizations: Biden, Harris Administration, Education

Wells Fargo Autograph Journey Card OverviewThe Wells Fargo Autograph Journey℠ Card is a true travel credit card, with benefits that rival many of the best credit cards currently on the market. Wells Fargo Autograph Journey Card Fees and APRAnnual FeeThe Wells Fargo Autograph Journey℠ Card has a $95 annual fee, on par with many popular rewards cards. Wells Fargo Autograph Journey℠ Card Transfer PartnersWells Fargo's Autograph Rewards transfer program launched in April 2024, with the following airline and hotel partners:HotelsChoice Privileges®AirlinesAerClubAir France-KLM Flying Blueavianca lifemilesBritish Airways Executive ClubIberia PlusPoints Transfer is available for all Wells Fargo credit cards that earn Wells Fargo points, including the current Wells Fargo Autograph℠ Card and the new Wells Fargo Autograph Journey℠ Card. Wells Fargo Autograph℠ Card vs. Wells Fargo Autograph Journey℠ CardThe Wells Fargo Autograph℠ Card is the newly demoted "little brother" of the Wells Fargo Autograph Journey℠ Card. The Wells Fargo Autograph℠ Card earns 3x on restaurant purchases, which mirrors the earning rate of the Autograph Journey℠ Card.

Persons: Wells, Wells Fargo's, Wells Fargo, Cardholders, cardholders, you'll, You'll, lifemiles Organizations: Chase, Insurance, Capital, Rental Insurance, Airlines, Air France, KLM, British Airways Executive Club Iberia, Wells Fargo, Wells, Card, British Airways Executive Club, Journey, Business Locations: Wells Fargo, airfare, There's, New York, U.S, Air, Iberia

☆ Biden Administration Begins Paying Farmers Who Faced Discrimination
▼ + stars: | 2024-07-31 | by ( Alan Rappeport | ) www.nytimes.com time to read: +1 min

The Biden administration said on Wednesday that it had started disbursing $2 billion to thousands of farmers who have faced discrimination, after years of delays and legal battles thwarted the federal government’s efforts to compensate them. The payouts come nearly two years after the Inflation Reduction Act of 2022 created a fund to help farmers of any ethnicity who experienced discrimination from the federal government when applying for loans or trying to repay their debts. The slow rollout of the program became a political problem for President Biden this year, with Black farmers accusing him of failing to live up to his promises to help them. “For too long, many farmers and ranchers experienced discrimination in farm loan programs and have not had the same access to federal resources and support,” Mr. Biden said in a statement on Wednesday. Today that promise has become a reality.”The Agriculture Department is making payments to 43,000 farmers across all 50 states, with Mississippi and Alabama having the most recipients.

Persons: Biden, ” Mr, “ Organizations: Agriculture Department Locations: Mississippi, Alabama

☆ Taco Bell to roll out AI drive-thru ordering in hundreds of locations by end of year
▼ + stars: | 2024-07-31 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

Yum Brands hopes to use artificial intelligence to take down drive-thru orders at hundreds of Taco Bell restaurants by the end of this year. In May, executives said Taco Bell would expand its pilot of voice AI from five locations to 30 restaurants in California. Currently, more than 100 Taco Bell restaurants in the U.S. use voice AI. Taco Bell had nearly 7,700 U.S. locations at the end of 2023, according to company filings. Five KFC restaurants in Australia are also testing voice AI tech in drive-thrus, Yum Brands said.

Persons: McDonald's, Taco, Taco Bell, Lawrence Kim Organizations: Yum Brands, Taco Bell, IBM, Brands, Yum, KFC Locations: U.S, White, Chicago, California, Australia

☆ A big cloud hangs over Big Tech earnings: Is all this AI spending worth it?
▼ + stars: | 2024-07-30 | by ( Paulina Likos | ) www.cnbc.com time to read: +7 min

In his Sunday column , Jim Cramer wrote that these earnings reports will test that rotation narrative. Another way to help "take the sting away" is management teams providing a rationale behind the spending, Jim also wrote Sunday. Alphabet's second-quarter capex of $13.2 billion was up 91% year over year and higher sequentially from $12 billion in the first quarter. Alphabet's full-year capex spending is expected to total nearly $50 billion, according to estimates compiled by FactSet. Investors fretting about AI spending is not entirely new.

Persons: –, Jim Cramer, Jeff Marks, Jim, Alphabet's, Sundar Pichai, FactSet, Apple, Meta's, Goldman Sachs, Jim Covello, Covello, Jim Cramer's Organizations: Big Tech, Microsoft, Apple, KeyBanc, Markets, Google, Meta, stoke, Wall Street, Wedbush Securities, CNBC, Bloomberg, Getty Locations: capex

☆ My foster mother hated her first name. I found another way to honor her after she died.
▼ + stars: | 2024-07-30 | by ( Nicole Johnson | ) www.businessinsider.com time to read: +5 min

Nicole Johnson gave her daughter the same middle name as her foster mother. While I loved the meaning, I heard the voice of my foster mother in the back of my mind. Over time, it had become more than a promise; Esther brought it up more than once, turning it into something of a threat. It was the perfect way to honor the woman who became my best friend and mother, no matter our mismatched DNA. My daughter reminds me of my foster mother — independent and fierce.

Persons: Esther, Nicole Johnson, she'd, Elizabeth, Cameran, it's, I've Organizations: Service Locations: New Hampshire

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