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☆ Death of Hedge Fund Stars: Wall Street, Stock Market Titans Are Gone
▼ + stars: | 2024-07-21 | by ( Linette Lopez | ) www.businessinsider.com time to read: +15 min

Take activist hedge funds, which buy up a percentage of a company's stock (or an asset) and then use their weight to push for operational changes. Or there would be a fun, splashy war between the hedge fund and the C-suite. Hedge funds rely on outperforming the market when times are hard and it's easier to find pockets of outperformance and exploit them. Of course, hedge funds are having a hard time coming up with a crew because the clients have changed too. Advertisement"At the end of the 1960s, the bubble burst, and everyone thought, 'That's the end of hedge funds,'" Mallaby said.

Persons: David Tepper, Anthony Scaramucci, Lenny Kravitz, lanyards, Bobby Jain, Goldman Sachs, Denise Shull, Charles Lemonides, ValueWorks, Saba Capital's Boaz Weinstein, BlackRock, Nelson Peltz, Bob Iger, Paul Singer's Elliott, —, Elliott, Meir Statman, Statman, I'm, That's, Paris, Marc Jacobs, they've, they're, Sebastian Mallaby, Julian Robertson, Julian, Mallaby, Lemonides, wonky quants, Keith Gill, David Einhorn, Andrew Left, bro Organizations: Appaloosa Management, Carolina Panthers, Bellagio, Millennium Management, Credit Suisse, Jain, Disney, Paul Singer's Elliott Management, Santa Clara University, Behavioral Finance, New, Tiger Management, Met, rockstar, Ferrari, Greenlight, Harvard, Princeton grad, Research Locations: Vegas , New York City, Singapore, Argentine

☆ Usha Vance and the Iconography of the Trump Women
▼ + stars: | 2024-07-18 | by ( Vanessa Friedman | ) www.nytimes.com time to read: +1 min

Vance, the newly nominated vice-presidential candidate, may represent the new generation of the MAGA movement. But, as became clear Wednesday night when Usha Vance stepped gingerly into the spotlight to introduce her husband at the Republican convention, his wife represents change of a different kind. It’s because she does not hew to the very specific mold of femininity that has become the norm in the world of Trump. It calls to mind a cross between a Miss America — or Miss Universe — pageant contestant and a Fox newscaster. It is the equivalent of the Palm Beach billionaire take on the trad wife (even if these wives also have work).

Persons: Vance, MAGA, Usha Vance, —, Breck, Miss America — Organizations: Republican, Trump, Miss America, Fox, Palm Beach Locations: Yale

☆ A personal finance TikToker claims unlimited PTO is the 'biggest scam.' Career experts say she has a point.
▼ + stars: | 2024-07-18 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +6 min

Read previewA personal finance creator said she wanted to remind people that working at a company with unlimited vacation days was a "scam." In a recent video that amassed more than 800,000 views, she said unlimited PTO saves a company "millions if not billions of dollars." AdvertisementCritics have also labeled unlimited PTO a "sham" that can lead to employees actually taking fewer days off than they should and getting burned out. AdvertisementChang also doesn't believe unlimited PTO has any mental health benefit, and that unlimited mental health leave "would be far more beneficial and appreciated" by workers. Ultimately, unlimited PTO means "no time off," she said, "because people don't feel free to take it because it's not technically theirs."

Persons: —, Jessica, Jeanie Y, Chang, let's, Denise Rousseau, Rousseau, it's, they're, It's, Daniela Herrera, Herrera Organizations: Service, Business, Carnegie Mellon University, Companies, Allies, Recruiting

☆ Fund manager picks the stocks and sectors that investors should play right now
▼ + stars: | 2024-07-18 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

Portfolio manager Chad Morganlander named a raft of sector and stock plays for investors right now, and revealed he was bullish on small-cap names. Besides small-cap stocks, Morganlander also likes "large cap value stocks." Value stocks are often cheaper than so-called growth stocks and typically trade at a lower price than what the company's performance indicates. Stocks to play Morganlander believes several sectors and stocks make good plays for investors right now. From the health-care sector, the portfolio manager is also bullish on United Health , as he says its PE multiple of around 17 times gives it "competitive positioning."

Persons: Chad Morganlander, Russell, Morganlander, CNBC's, Stocks Organizations: Crossing Advisors, Nasdaq, Union, Union Pacific, United Health, Microsoft, Big Tech Locations: U.S, Union Pacific

☆ Trump is now allowed to discuss classified documents case with potential witnesses and co-defendants after judge tosses charges
▼ + stars: | 2024-07-16 | by ( Katelyn | ) edition.cnn.com time to read: +3 min

CNN —A federal judge’s decision to toss out Donald Trump’s classified documents criminal case means the former president can now talk to his co-defendants and potential witnesses about what happened at Mar-a-Lago without facing consequences. That means Trump, his co-defendants and potential witnesses against them are no longer barred from discussing the case among each other. De Oliveira remains the property manager at Trump’s Mar-a-Lago Club in Florida. Such conditions are the norm in the federal district where the criminal case was brought. De Oliveira was “elated” Cannon dismissed the criminal case against him and the former president, his attorney John Irving told CNN.

Persons: Donald Trump’s, – Walt Nauta, Carlos De Oliveira –, Trump, De Oliveira, Aileen Cannon, Jack Smith, General Merrick Garland, ” Cannon, John Irving, ” Irving, “ Organizations: CNN, Southern, Southern District of, Trump, Republican National Convention, Trump’s, Lago, Prosecutors, Mar, The Justice Locations: Mar, Southern District, Southern District of Florida, Milwaukee, Florida

☆ Chris Christie: Trump’s Enormous Opportunity - The New York Times
▼ + stars: | 2024-07-16 | by ( Chris Christie | ) www.nytimes.com time to read: +1 min

There is no place for political violence in this country. That is the recurring sentiment expressed by elected officials and political leaders since the attempted assassination of Donald Trump. The harsh truth is that there is political violence in this country. Little by little, we have watched as the desire and the resolve of Americans to push back against this violence dissipate and all but disappear. We saw it during the worst excesses of the Black Lives Matter protests.

Persons: Donald Trump Locations: Charlottesville, Va

☆ Dismissal Brings New Scrutiny to Judge With a History of Unorthodox Decisions
▼ + stars: | 2024-07-15 | by ( Alan Feuer | Eileen Sullivan | ) www.nytimes.com time to read: +1 min

Even before her bombshell decision on Monday to dismiss former President Donald J. Trump’s classified documents case, Judge Aileen M. Cannon had made any number of unorthodox rulings. In fact, since Judge Cannon took control of the case in June 2023, many of her decisions have been so outside the norm that they have fueled intense criticism of her legal acumen, stoked questions about favoritism toward Mr. Trump and slowed the documents case sufficiently that it would not come to trial before Election Day. Still, almost no one, including some defense lawyers working on the case, expected Judge Cannon to throw out the charges against Mr. Trump by ruling that Jack Smith, the special counsel who filed the indictment, had been unconstitutionally appointed to his job — especially on the first day of the Republican National Convention. The ruling upended 25 years of Justice Department procedure for naming and governing special counsels and called into question decisions by previous courts reaching back to the Watergate era.

Persons: Donald J, Trump’s, Aileen M, Cannon, Judge Cannon, Trump, Jack Smith Organizations: Mr, Republican National Convention

☆ I'm American and my husband is Spanish. We are raising our child with both cultures.
▼ + stars: | 2024-07-14 | by ( Maria Dicicco | ) www.businessinsider.com time to read: +4 min

Read previewI'm American, and my husband is Spanish. My daughter is being raised as an American but with the cultural inputs from her time in Spain. I've noticed some differences between Spanish kids and American kids. There's an emphasis on mealtime being family timeIn Spain, kids are taught to be seen and not heard. I hate seeing parents plug their kids into tablets or cellphones, something that never happens with Spanish kids.

Persons: —, I've, I'm, It's Organizations: Service, Spain —, Business Locations: Spanish, Spain, Spain — Zaragoza

☆ China third plenum: Communist Party meets to set direction for troubled economy
▼ + stars: | 2024-07-14 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +8 min

Stakes are high for the meeting, which takes place every five years and is known as China’s third plenum. It has historically been a platform for the party’s leadership to announce key economic reforms and policy directives. China’s gross domestic product expanded by 4.7% in the April to June months, compared to the previous year. But observers of China’s opaque political machine don’t believe there will be fundamental economic reforms this time around. Uncompleted residential buildings at a real estate project on the outskirts of Shenyang in China's Liaoning province earlier this year.

Persons: Hong Kong CNN —, Xi Jinping, Xi, , Xi’s, Andrea Verdelli, They’ll, ”, Neil Thomas, Jing Qian, Li Shangfu, Qin Gang, Li Yuchao, Xu Zhongbo Organizations: Hong Kong CNN, Communist Party, West, Reuters, party’s Central, US, Congress, Bloomberg, Getty, Observers, ” Asia Society Center, China, Tech, EU, Central Committee, Foreign, People’s Liberation Army Rocket Force Locations: China, Hong Kong, Beijing, United States, Europe, party’s, Shenyang, China's Liaoning, China's Shandong

☆ Finally, an explanation for why it's so frustrating to deal with customer service
▼ + stars: | 2024-07-13 | by ( John Towfighi | ) www.businessinsider.com time to read: +6 min

Corporations absolve their employees of responsibility by delegating decision-making to an algorithm or deferring to company policy. Sorry, it's company policyAccording to Davies, accountability sinks emerged over the past decades of privatization and technological innovation. In addition, middle management and customer service jobs were cut or outsourced as corporations prioritized profits, optimizing costs, and delivering strong quarterly earnings. It often looks like a customer service representative working within a system with limited options to help. Accountability sinks can range from customer service to decision-making at major corporations.

Persons: —, you've, Dan Davies, It's, Davies, Milton Friedman, Ronald Reagan, Margaret Thatcher, Dave Calhoun, there's Organizations: Service, Business, Boeing, CNBC Locations: jtowfighi@businessinsider.com

☆ My first visit to Japan left me in culture shock, but I wish the US would adopt some of its norms
▼ + stars: | 2024-07-12 | by ( Anna Haines | ) www.businessinsider.com time to read: +5 min

Many hotels provide complimentary pajamas, slippers, and toiletriesAt some hotels in Japan I had access to as many toiletries as I needed. Anna HainesIn Japan, I'd usually also find a set of pajamas and slippers in the closet for guests to use. Even in big cities like Tokyo, garbage bins are almost completely absent from public spaces. Public spaces are incredibly quiet, creating a calm atmosphereEven shopping malls in Japan felt pretty quiet. As a result, public spaces in Japan maintain an air of tranquility that feels like a novelty compared to many public spaces in the United States.

Persons: —, I'm, I've, Anna Haines, moisturizer, I'd, Derek Rose Organizations: Service, Business, Ritz, Carlton, I'm Locations: Tokyo, United States, Japan, New York City, Fukuoka, York City

☆ Opinion: For Black people, there’s an important history of flight as fight
▼ + stars: | 2024-07-12 | by ( Opinion Kellie Carter Jackson | ) edition.cnn.com time to read: +7 min

All throughout African American history, leaving has been a form of refusal — something Black people have done in response to White supremacy for centuries. Flight is one of the most common actions in the history of Black resistance. Everything in the South depended on enslaved labor. Cities were already fragile from White flight: White families that were not interested in integration left cities for the suburbs decades earlier, in the 1940s and 1950s. But in America, as a Black American, what is home?

Persons: Kellie Carter Jackson, Michael, Denise Kellen ’, “, Read, ” Marvin Germain, Thomas Jefferson, Mary Ann Shadd Cary, Ida B, Wells, Jackson, Paul Robeson, James Baldwin, Du Bois, Josephine Baker, Mabel, Robert Williams Organizations: of Africana Studies, Wellesley College, CNN, American, Poor, Mortgage, realtors, Act, Europe, NAACP, Black Panthers Locations: Canada, Ghana, Portugal, Charleston, Georgia, Virginia, Midwest, Northeast, West Coast ., masse, White, United States, States, Europe, Cuba, China, Detroit, Tanzania, Algeria, America

☆ Here's the median salary in the 25 biggest U.S. cities—see how you compare
▼ + stars: | 2024-07-11 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

The median household income is over $100,000 in six cities, four of which are in California, according to a new analysis by GoBankingRates. In 2024, the median annual household income is estimated to be $78,171, according to data consulting firm Motio Research. In Detroit — which is ranked 30th in population size — the median income is $40,574. The wealthiest cities also tend to offer a high number of well-paying jobs in technology, finance, entertainment or health-care industries. Below are the median household incomes for the 25 most populous U.S. cities, ranked from highest to lowest.

Organizations: Seattle, Boston, Motio Research, Detroit Locations: California, San Francisco, Francisco, Jose , California, Washington, Diego, Oakland, Virginia Beach , Virginia, Austin , Texas, Portland , Oregon, U.S, New York

☆ My parents were always athletic when I was growing up. They set me up for success in my adult fitness journey.
▼ + stars: | 2024-07-11 | by ( Courtney Cardini | ) www.businessinsider.com time to read: +4 min

My parents were athletic people who signed us up for sports the second we were old enough. I started yoga at 13 because I desperately wanted to improve my cheerleading skills. But in the end, even with all my training in weight lifting, yoga, and gymnastics, my dream didn't come to fruition, and I traded in my pom-poms. My parents didn't teach me that I needed to start young to be an athletic adult. One does not need athletic parents to live an athletic life.

Organizations: Service

☆ Giorgio Armani at 90: Celebrating his career in photos
▼ + stars: | 2024-07-11 | by ( Leah Dolan | ) edition.cnn.com time to read: +4 min

The power of a Giorgio Armani suit. In his nine decades, the formally untrained Giorgio Armani has worked his way up from humble window dresser to Italian fashion behemoth — and has collected a number of fabulous moments in between. Giorgio Armani, suited and booted, in 1942. Rosanna ArmaniAt the Golden Globe Awards in 1990, Julia Roberts decided to forgo a frock in favor of a Giorgio Armani mens suit. John Angelillo/UPI/ShutterstockIn 2011, Armani debuted a high-sheen, liquid satin material during his Spring-Summer haute couture show at Paris Fashion Week.

Persons: Carrie Bradshaw, Big, Armani, Carrie, Giorgio Armani, Julia Roberts, “, Giorgio Armani Armani, Leonardo Cendamo, Richard Gere —, Vittoriano, Rosanna Armani, Ron Galella, Naomi Campbell, Winona Ryder, Rose Hartman, Victor Virgile, Karl Prouse, greige, Jonas Gustavsson, Lupita Nyong'o, John Angelillo, Tony Barson, Pascal Le Segretain Organizations: CNN, City, Globes, Guggenheim Museum, Fairchild, Penske Media, Getty, Golden Globe, Armani, Milan Fashion, UPI, Paris Fashion Locations: Manhattan, New York, Milan, Paris

☆ Pricing is really weird lately
▼ + stars: | 2024-07-10 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at why pricing is so weird these days . More recently, Walmart introduced digital price tags, which some people said could be used for variable pricing. The constantly changing costs have consumers feeling a sense of price fatigue, Emily writes. Emily writes that most economists agree that government-mandated price-fixing isn't the way to go about it. So, as Emily writes, you can't fault anyone for feeling a certain sense of doom and gloom about the economy.

Persons: —, Alyssa Powell, Emily Stewart, Emily, Michael Raines, Rebecca Zisser, Michael Arone, Steve Granitz, Elon Musk, Tyler Le, Larry Page, Biden, Keir Starmer, Rishi Sunak's, Jerome Powell, Jordan Parker Erb, Lisa Ryan, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Soviet Union, Business, Walmart, JPMorgan, Wall, Group, State, Navy, Spotify, Labour Party, Samsung Locations: Montana, Soviet, America, USA, Diego, Idaho, New York, London

“My cart looks ridiculous,” said Ms. Uhuru, 48, who supplements her hauls with vegetables grown in her garden. “People think I am a shift shopper.” Sylvia Jarrus for The New York Times, including previous image. Sawyer’s April Shopping Total shopping trips: 14 Impulse purchases: Castelvetrano olives ($5.99) and sparkling water (prices vary) Share of drinkable purchases: 70 percent What might a stranger notice if she peered into Sawyer Bonsib’s cart? “The old adage ‘Don’t go grocery shopping when you are hungry,’ applies triply during Ramadan,” he said. “Or my toddler will gnaw on a tortilla while I’m making dinner.” Jessica Attie for The New York Times, including previous image.

Persons: —, creamer, Jackie Kesterson, haven’t, ”, “, Kesterson, Rebecca Gratz, Kimberly Uhuru Detroit, Kimberly Uhuru, Uhuru, ” Sylvia Jarrus, Sawyer, Mr, Bonsib, Alcoholics Anonymous, isn’t, ” Will Newton, pita —, Pecorino Romano, pistachios, Ayse Gilbert, Gilbert, She’s, ” Kerry Tasker, Sonal Singh, Singh, Carolyn Fong, Bingahlan, Abdul Bingahlan, chiles, We’re, Bingahalan, ‘, Brittainy Newman, Amy O’Neill Houck, ” — Mindy Huskins, — Naeman Mahmood, ” — Martha Goff, Gabby Cavazos Austin, Gabby Cavazos, Cavazos, ” Jessica Attie, Young, Alan Young, . Young, Croix seltzer Organizations: THE, Amazon Grocery, Vee, The New York Times, Walmart, Alcoholics, Costco, Gilbert Anchorage, University of Georgia, Mart, chiles, Atlanta, Emory, Coordinating, Foods, Assistance, SNAP Locations: United States, romaine, Jackie Kesterson Omaha, Rosedale Park, Target, Croix, Waterloo, Malvern, Ark, Gilbert, Alaska, Anchorage, Carmel , Calif, California, Sonal Singh Foster City, Calif, India, Foster City, Bingahlan New York City, Cordova , Alaska, Newark, Del, Atlanta, Sacramento, Gabby Cavazos Austin , Texas, Texas, Young Hilo, Hawaii

☆ Elina Svitolina wears Wimbledon black ribbon for Ukraine after missile strikes
▼ + stars: | 2024-07-08 | by ( James Hansen | Charlie Eccleshare | ) www.nytimes.com time to read: +4 min

This story has been updated to reflect Elina Svitolina’s comments in her post-match press conference at Wimbledon. WIMBLEDON — Elina Svitolina wore a black ribbon during her Wimbledon last-16 match against Wang Xiyu, after Russian missile strikes killed and injured more than 100 Ukrainians across the country this morning. “It’s a very difficult day today for Ukrainian people,” she said, before beginning to cry. Her foundation, established in 2019, has brought over 1000 young Ukrainian players into tennis coaching. When asked whether she would shake her hand at this match, Svitolina said “she changed her nationality, so it means she doesn’t want to represent her original country, so it works.”(Andrej Isakovic/AFP via Getty Images)

Persons: Elina Svitolina’s, WIMBLEDON — Elina Svitolina, Wang Xiyu, ” Svitolina, “, ”, Okhmatdyt, Volodymyr Zelenskyy, Svitolina, Yastremska, Varvara Gracheva, Elena Rybakina, Rybakina, Andrej Isakovic Organizations: Wimbledon, WIMBLEDON, Russian, ”, Okhmatdyt Children’s, —, All England Club, England Club, Belarusian tennis, ATP, WTA, Kazakhstan tennis, Getty Locations: England, Ukraine, Kyiv, Belarusian, Russian, France, Moscow, Kazakhstan, AFP

☆ Gen Z's Never-Ending Safety Net: Living With Mom and Dad
▼ + stars: | 2024-07-07 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +13 min

Despite a strong job market, many Gen Zers are still relying on the bank of Mom and Dad to make ends meet. The young adult has their entire life ahead of them. Some parents might be more willing to provide financial support because they want to feel like a good parent. The young adult has their entire life ahead of them," Bailey said. When India Anderson turned 20 and decided to move in with her boyfriend, her mother cut off most financial support.

Persons: David Nuñez, freeloader —, Zers, Nuñez, frazzled, Nuñez's, Gen Zers, Monica Kirkpatrick Johnson, They're, Zillow, haven't, Kirkpatrick Johnson, Jeffrey Jensen Arnett, Jo Clark, Clark, I'm, Teresa Bailey, There's, Ali Lupo, Lupo, —, doesn't, Bailey, JP Krahel, Cody, Erika Archie, Cody Archie, Archie, Erika, there's, They've, India Anderson, Anderson, She's, Uber Organizations: Netflix, Pew Research Center, Pew, Washington State University, Clark University, Waddell & Associates, Urban Institute, Loyola University Maryland Locations: Tampa , Florida, America, Surrey, England, New York, Texas, Orlando

☆ Chinese millennials and Gen Zers have had enough of work, so they're embracing 'naked resignations'
▼ + stars: | 2024-07-06 | by ( Alexandra Bacon | Cheryl Teh | ) www.businessinsider.com time to read: +9 min

Advertisement'Naked resignation'One popular phrase on Chinese social media is "两点一线," which translates to "two points, one line." And discussion is rife on Chinese social media about 裸辞 — a term that translates, quite literally, to "naked resignation." Examples seen in BI's search of the keyword included "how much to save before naked resignation," "three things to consider before naked resignation," and "20 jobs to try after naked resignation." Advertisement"There are articles on Chinese social media criticizing gap years," she said, "arguing that it is a Western concept that does not adapt well to Chinese society." "There's a popular internet buzzword among Chinese young people, "Gai溜子," which can be roughly translated to "drifter" on the street," Lim added.

Persons: —, Jack Porteous, Tong, Porteous, aren't, Laurence Lim, Sally Maier, Yip, Qilai Shen, Lim, It's, Jack Ma, Qu Jing, Jenny Chan, Gen, Gai 溜 Organizations: Service, Business, Tong Global, Twitter, Publishing, Getty, Cherry, Consulting, Pictures, National Bureau of Statistics, Baidu, Hong Kong Polytechnic University Locations: China, Weibo, Xiaohongshu, Europe

☆ A Mark of Shame for 900 Years. Until Now?
▼ + stars: | 2024-07-06 | by ( Mattathias Schwartz | ) www.nytimes.com time to read: +1 min

The question now is whether the label will actually tarnish Mr. Trump, as it has so many people over the centuries. President Biden seems to be betting that it will. But in a sense, its power derives from its elastic boundaries: Unlike specific crimes, which hinge on the defendant’s behavior, the felony category is defined only by its punishments. “We don’t have a positive definition,” said Elise Wang, a historian who has traced the word’s origins back to medieval literature. “We only have a tautology.”

Persons: Clarence Thomas, Donald J, Trump, Biden, ”, Trump “, who’s, “, Elise Wang Organizations: Biden Locations: Manhattan

☆ Opinion: What Britain’s first Asian prime minister, Rishi Sunak, meant to my family
▼ + stars: | 2024-07-05 | by ( Opinion Sunder Katwala | ) edition.cnn.com time to read: +7 min

He has a place in history books as the first British Asian prime minister — but now also as the prime minister to suffer one of the heaviest election defeats in Britain’s modern political history. “I would like to see him carry on as prime minister — but the country also needs a change of government,” Dad said. He became prime minister just seven years after becoming an MP — shorter than any other recent occupant of Downing Street. Again, on becoming prime minister, Sunak personally had a much better public reputation than his Conservative Party. Diversity at the topSunak as a Hindu was the first ever British prime minister to practice a non-Christian faith.

Persons: Sunder Katwala, Read, Rishi Sunak’s, Sunder, Sunak, Boris Johnson, Liz Truss’s, Dad, ” Dad, “, Liz Truss, Rishi Sunak, Theresa May, Richard Pohle, dented Organizations: British, CNN, Conservative Party, Sunak, Britain, Brexit, National Service of, Reuters, Commonwealth, Reform, Downing, Twitter, Wales Locations: Downing, Britain, India, Covid, London, France, British, Scotland

☆ The Debate Hurt Biden, but the Real Shift Has Been Happening for Years
▼ + stars: | 2024-07-03 | by ( Nate Cohn | ) www.nytimes.com time to read: +1 min

In the wake of the first presidential debate, a chorus of top Biden allies and campaign officials has advanced a simple message: The race has not fundamentally changed. Overall, the poll finds Mr. Trump leading Mr. Biden by six percentage points among likely voters and nine points among registered voters nationwide. In each case, it’s a three-point shift toward Mr. Trump since the last Times/Siena survey, taken immediately before the debate. Historically, a three-point shift after the first debate isn’t unusual. Over the last seven presidential elections, the person generally considered the winner of the first presidential debate has gained an average of three points in post-debate polls.

Persons: Biden, Donald J, Trump, it’s Organizations: Biden, New York Times, Siena, Trump Locations: Siena

☆ Boeing rival Airbus is set to launch its game-changing A321XLR plane this year. Here's where it's expected to fly.
▼ + stars: | 2024-07-01 | by ( Taylor Rains | ) www.businessinsider.com time to read: +6 min

With nothing commercial to show from Boeing, which usually has its 777X and Max test jets on display, all eyes will be on European rival Airbus. AdvertisementThe XLR plane is the longest-ranged option in the A321neo family, which has outsold Boeing's 737 since 2019, when two fatal crashes grounded the plane's Max variants. According to Airbus, the XLR is uniquely equipped for long-haul flying, thanks to an extra rear center fuel tank that helps the narrowbody fly up to 5,400 miles (11 hours) nonstop. AdvertisementThe premium seating offers lie-flat beds typical to what customers find on long-haul widebody flights, and is likely to be the norm on long-haul XLRs. "Even well-established city pairs such as London-Miami or Sydney-Kuala Lumpur will benefit from the year-round sweet spot the XLR offers airlines," Airbus marketing specialist Ludek Jando said in September 2023.

Persons: —, Taylor Rains, Max, American's, Jason Reisinger, Andrew Nocella, Willy Boulte, Barry Biffle, Ludek Jando Organizations: Service, Alaska Airlines, Max, Farnborough, Business, Boeing, Airbus, American Airlines , Frontier Airlines, JetBlue Airways, United Airlines, Qantas, AirAsia X, Sky Airline, Czech Airlines, Air Canada, Airlines, JetBlue, Spanish, Washington Dulles, American Airlines, Frontier Locations: Alaska, Iberia, Malaysian, Chile, East Coast, Europe, Madrid, Boston, Washington, Dulles, Raleigh , North Carolina, London, Charlotte, New York, Asia, Beijing, Seoul, Amsterdam, South America, Hawaii, Miami, Sydney, Kuala Lumpur

☆ Mark Cuban is offloading a portion of his NFTs—one already sold for over $30,000
▼ + stars: | 2024-07-01 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

For the first time in two years, Mark Cuban is selling a portion of his collection of non-fungible tokens — and he's already made a little over $39,000. Most notably, he sold his Pudgy Penguin NFT for $30,950. Cuban could rake in even more money for his digital collectibles. Cuban has been a longtime collector of the virtual tokens and still has nearly 1,600 items in his cryptocurrency portfolio. Like other physical collectibles, such as comic books or postage stamps, NFTs may hold sentimental value to the collector.

Persons: Mark Cuban, NFT, NFTs, they're Organizations: ETH, Cuban, CNBC Locations: OpenSea

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