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☆ Russia's economic survival hinges on prolonging the Ukraine war, think tank expert says
▼ + stars: | 2024-05-02 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Russia needs to keep its war with Ukraine going or risk an economic hard landing, Elina Ribakova wrote for the Financial Times. The country's military industry has been a major driver of structural economic strength during the war. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But while this may look good on paper, the country is actually at risk of a hard landing if war efforts cease, Elina Ribakova said. For decades," Ribakova wrote.

Persons: Elina Ribakova, Ribakova, —, Vladimir Putin, That's Organizations: Financial Times, Service, Financial, International Monetary Fund, Peterson Institute for International Locations: Russia, Ukraine, Russian, Moscow

☆ Stormy Daniels' lawyer says 'extremely strict reading' of her earlier Trump affair denial was true because the relationship wasn't 'romantic'
▼ + stars: | 2024-05-02 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +5 min

Davidson testified on Thursday that "an extremely strict reading of this statement would technically be true" based on how he would parse "affair," "romantic," and "and/or." Asked by Steinglass whether "there was a sexual encounter" between Daniels and Trump, Davidson said he believed there was. Related storiesDavidson also said the statement's denial of rumors that Daniels "received hush money" from Trump was also true, because he "would never use that word." Advertisement"There wasn't hush money. Cohen worked at all hours trying to keep the narrative under control, sending text messages "with little regard for my schedule," Davidson testified.

Persons: —, Keith Davidson, Stormy Daniels, Donald Trump —, Joshua Steinglass, Davidson, Daniels, Michael Cohen, Davison, Donald Trump, Trump, reimbursements, Cohen, MARK PETERSON, Dylan Howard, Jimmy Kimmel, Marilyn Monroe, Hollywood Roosevelt Organizations: Service, Trump, Business, Manhattan, Attorney's, Manhattan Criminal, Getty, National Locations: New York City, Hollywood

☆ Why the Miami Grand Prix is the most distinctive race in Formula 1
▼ + stars: | 2024-05-01 | by ( Gregory Leporati | ) www.businessinsider.com time to read: +7 min

The Miami Grand Prix, a unique spectacle in Formula 1, is heading into its third year. Heading into its third year, Formula 1's Miami Grand Prix has made a name for itself as a unique spectacle in the sport. But the logistics' massive scope is just one aspect that sets the Miami Grand Prix apart. The marina at the F1 Miami Grand Prix in 2022. Local flavorThe Miami Grand Prix aims to capture the city's flair.

Persons: —, Todd Boyan, Boyan, Tyler, Ricardo Arduengo, Guenther Steiner, Steiner, Mark PETERSON, Haas, We've, It'll Organizations: Miami Grand Prix, Service, Miami, Hard, Miami Dolphins —, Miami Dolphins, Miami Open, Prix, Tyler Epp, Miami Grand, Epp, . Miami, Monaco, Logistics, Haas, Netflix, Miami . F1 Academy, F1 Academy, Beach Club, cabanas, Art, Paddock Club Locations: Jeddah, Saudi Arabia, Miami, South Beach, Art Basel

CNN —Judge Juan Merchan handed down his first punishment to Donald Trump for violating the judge’s gag order in the New York hush money trial Tuesday, fining Trump $9,000 for nine violations. Instead, Davidson negotiated a $130,000 hush money deal with Cohen on Daniels’ behalf, and she did not speak out publicly before the 2016 election. In his order, the judge warned Trump that he could be imprisoned if he continues to willfully violate the gag order. “All you have to do is talk to that a**hole Cohen,” Davidson recalled. His son, Eric Trump, attended the trial – the first family member of the former president to appear during the trial.

Persons: Juan Merchan, Donald Trump, fining, Daniels, Karen McDougal, Keith Davidson, Trump’s, Michael Cohen, Davidson, Cohen, Trump, –, Merchan, David Pecker, “, ” Merchan, Stormy’s, McDougal, ’, Dylan Howard –, Gina Rodriguez, “ It’s, ” Davidson, Rodriguez, Peggy Peterson, David Dennison, Joshua Steinglass, Dennison, ” Steinglass, ” Cohen, Gary Farro, Daniels ’, Farro, ” Trump, “ Michael Cohen, He’s, Judge Merchan didn't, Jean Carroll, Prosecutors, Melania Trump, Eric Trump, Susie Wiles, Ken Paxton, David McIntosh, Barron’s Organizations: CNN, fining Trump, Trump, AMI, Prosecutors, American Media Inc, Daniels . Records, Bank, Twitter, Club for Growth, Mar Locations: New York, LA, Texas

☆ Worker pay rose more than expected in Q1 in another sign of persistent inflation
▼ + stars: | 2024-04-30 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Employee compensation costs jumped more than expected to start the year, providing another danger sign about persistent inflation, while consumer confidence hit its lowest level in nearly two years. The employment cost index, which measures worker salaries and benefits, gained 1.2% in the first quarter, the Labor Department reported Tuesday. The Fed watches the ECI as a significant measure of underlying inflation pressures. State and local government workers saw their compensation costs rise 4.8%, down just narrowly from the same period in 2023. The Consumer Confidence Index slipped to 97, a decline of 6.1 points that was below the Wall Street estimate for 103.5.

Persons: Dow Jones, Dana Peterson, Peterson Organizations: Labor Department, Dow, Fed, Committee, Conference Locations: State

☆ U.S.-China relations are 'dangerous' but better managed, says Longview Global's Dewardric McNeal
▼ + stars: | 2024-04-26 | 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 EmailU.S.-China relations are 'dangerous' but better managed, says Longview Global's Dewardric McNealDewardric McNeal, managing director and senior policy analyst at Longview Global, Nicholas Lardy, senior fellow at Peterson Institute for International Economics join CNBC's 'The Exchange' to discuss Secretary Blinken's visit to China, industrial policy, and more.

Persons: Dewardric McNeal Dewardric McNeal, Nicholas Lardy, Blinken's Organizations: U.S, Longview Global, Peterson Institute for International Economics, CNBC's Locations: China, Longview

☆ A Dispatch From Inside Columbia’s Student-Led Protest for Gaza - The New York Times
▼ + stars: | 2024-04-26 | by ( Lydia Polgreen | Mark Peterson | ) www.nytimes.com time to read: +1 min

“The Jews control the world! Jews are murderers!”I watched as a pro-Palestine protester approached the man. Hours later, a well known congressional reporter covering House Speaker Mike Johnson’s visit to Columbia’s campus posted a photograph of the same man. “One sign here at the Columbia protest,” the reporter, Jake Sherman, wrote. “This man is ranting about Jews controlling the universe.”

Persons: ”, Mike Johnson’s, Jake Sherman Organizations: Columbia University, Palestine, Columbia Locations: New York, Baltimore, Columbia’s

☆ S&P Global CEO Doug Peterson sits down with Jim Cramer
▼ + stars: | 2024-04-26 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

S&P Global CEO Doug Peterson sits down with Jim CramerS&P Global President and CEO Doug Peterson joins 'Mad Money' host Jim Cramer to talk quarterly results, its recently launched AI tools, and more.

Persons: Doug Peterson, Jim Cramer Organizations: P Global, & & '

Mr. Trump’s top lawyer said in response that Mr. Trump was simply defending himself from political attacks. The tabloid discovered that the story was apparently false, but paid $30,000 anyway, “because of the potential embarrassment” it could have caused Mr. Trump, Mr. Pecker said. When he proposed the magazine, Mr. Pecker said, Mr. Trump’s biggest question was, “Who’s going to pay for it?”Trump’s short leash could get shorter. For their part, prosecutors said they were not seeking to jail Mr. Trump, but wanted him to be fined. When Mr. Blanche finished his argument, Mr. Trump immediately beckoned him over before he snatched a piece of paper off the defense table.

Persons: Donald J, Trump, Juan M, Merchan, Trump’s, ”, Justice Merchan, Todd Blanche, “ you’re, David Pecker, Mr, Stormy Daniels, Daniels, —, Pecker, Michael D, Cohen, Marion Curtis, Pecker’s, Trump “ Donald, “ Who’s, Christopher Conroy, Michael Cohen, “, ” Mr, Conroy, Blanche, Mark Peterson Organizations: National Enquirer, ” Prosecutors, Republican, Trump, Credit, Associated, Trump Mr Locations: Manhattan, York, Washington, New York

☆ What if no one wants a cheap Tesla?
▼ + stars: | 2024-04-24 | by ( Matt Turner | Hayley Peterson | ) www.businessinsider.com time to read: +6 min

Even at a lower price, say $25,000, it's a very significant purchase — likely one of the most expensive purchases a person will make. AdvertisementSo let's for a second look at why a lower ticket price might not be a panacea for Tesla. There are many other Tesla buyers, of course, but as Tesla introduces lower-cost models in search of different buyers, needs will shift. Musk and Tesla are politicizedAs Tesla looks to lure potential new buyers with a cheaper car, it will have to contend with souring consumer sentiment toward the EV maker. Maybe the pool of buyers for a cheap Tesla will be ginormous.

Persons: —, Tesla, Elon Musk, TSLA, EVs, It's, BYD, Musk, it's Organizations: Service, Business, Tesla, EV, UBS, Infrastructure, Honda Civic, Toyota, Reuters, Bloomberg, Association, Renault, Elon Locations: California, headwinds, China, India

Ms. Daniels, who may testify, says that she and Mr. Trump had a sexual encounter in 2006, a claim the former president denies. Mr. Trump has also denied the 34 felony charges, calling them orchestrated by Democrats; if convicted, the former president could face probation or up to four years in prison. Pool photo by Mark PetersonMr. Blanche also attacked Mr. Cohen, a former lawyer and fixer for Mr. Trump. He called the heart of the prosecution case just “34 pieces of paper” that don’t involve Mr. Trump. During his own side’s opening statement, Mr. Trump sat largely motionless and expressionless watching his lawyer Mr. Blanche.

Persons: Donald J, Trump, Stormy Daniels, Daniels, Trump’s, ” doesn’t, Matthew Colangelo, Mr, Todd Blanche, ”, It’s, Mark Peterson Mr, Blanche, Cohen, Letitia James, —, David Pecker, Prosecutors ’, ambled, ” Mr, Pecker, Marion Curtis, We’re, Juan M, Pecker —, Merchan Organizations: Trump, Mr, Trump Tower, New, Prosecutors, National Enquirer, Reuters Locations: Manhattan, Lower Manhattan

☆ I work in the Alaska mining industry. I sometimes get paid in gold, but the job comes with long hours and grueling conditions.
▼ + stars: | 2024-04-22 | by ( Ana Altchek | ) www.businessinsider.com time to read: +7 min

I moved to Alaska from Oregon to find work opportunities in the mining industry about 20 years ago. In Alaska, rotational work cycles can last up to six weeks with no break. During that time, I made just over $1,800 a week working nearly 82 hours a week. AdvertisementMy work opportunities are now limitedI plan to go back to rotational work after a year or two to enjoy life a little more. Then, I want to return to rotational work to have more time to enjoy life.

Persons: Justin Peterson, —, I've, I'm, Justin Peterson I've Organizations: Service, Mining Locations: Alaska, Oregon, There's, Australia, Anchorage, Fairbanks, North, Wasilla , Alaska, Colorado

☆ 3 ways to leverage LinkedIn for your job search, according to a recruiter with 26 years of experience
▼ + stars: | 2024-04-22 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

Some career experts liken LinkedIn to a living, breathing CV, while others say they spend longer on a candidate's LinkedIn profile than on their résumé. Shah shared three other ways candidates can optimize LinkedIn to stand out to hiring managers. Treat your LinkedIn profile like a résuméPeople are used to enhancing their résumés to stand out in employers' keyword-searching software. Add those phrases to your LinkedIn profile too, because recruiters look for candidates by typing in industry-related keywords, Shah said. Related story"Candidates should include relevant keywords in the 'About' section and their last job experience position details," he said.

Persons: —, Nick Shah, Shah, he'll Organizations: LinkedIn, Service, Gallup, Business, Peterson Technology Partners, Microsoft Locations: Park Ridge , Illinois

☆ Hospital wait times will still be bad this year, even with labor gains
▼ + stars: | 2024-04-19 | by ( Allie Kelly | ) www.businessinsider.com time to read: +6 min

Small businesses are seeing labor growth this year, but hospitals still have staffing shortages. Healthcare worker numbers are steadily growing but remain below pre-pandemic trends, according to a Bank of America report published in April. Outpatient care centers are 9.4% behind on growth, while the hospital labor force has seen small gains at 0.3%. In fact, healthcare workers made up a significant portion of the people leaving their jobs during the Great Resignation. Patients will still see labor shortages in ERs and care facilitiesDespite labor gains, patients could still experience the impacts of the physician shortage.

Persons: —, Per, KFF Organizations: Service, Bank of America, The Bank of America Institute, of Labor Statistics, Centers, Medicare, Services, Kaiser Family Foundation, American Hospital Association, of America, Peterson Center, Healthcare, of Health, Bank of

☆ Ukraine's facing a perfect storm of problems, and a vote in Congress could make or break its war with Russia
▼ + stars: | 2024-04-19 | by ( Chris Panella | ) www.businessinsider.com time to read: +14 min

The House is expected to soon vote on a long-awaited aid package including support for Ukraine and Israel. If the stalled aid package is approved, it remains to seen how the rollout of aid will go. Wojciech Grzedzinski/Anadolu via Getty ImagesWhile US lawmakers have spent months debating Ukraine aid, Russia has been given a golden opportunity. As the Russian war machine fires up, the army is putting pressure on Ukraine's defenses, seeing where it can potentially break through and seize territory. AdvertisementJohnson's planned foreign aid package comes in at a similar cost and includes about $61 billion for Ukraine.

Persons: —, Frederick Kagan, Kostiantyn, It's, Kagan, GENYA SAVILOV, Volodymyr Zelenskyy, Ukraine's, Mick Ryan, 2S3, Wojciech Grzedzinski, it's, Franz, Stefan Gady, Gady, Ryan, Mike Johnson, Republican opposers, Johnson, Johnson's, Scott Peterson, Jose Colon, William Burns, Zelenskyy, Vladimir Putin, Lev Radin Organizations: Service, Washington DC, American Enterprise Institute, Business, Armed Forces, Getty Images, Australian Army, Ukrainian 63rd Brigade, Getty, International Institute for Strategic Studies, Russian, Ukraine, NATO, Archer Artillery, Roman, Republican, Democrats, Republicans, Pentagon, Anadolu, CIA, Russia, UNITED STATES, Pacific Press, Ukrainian Locations: Ukraine, Israel, Russia, Washington, Chernigiv, AFP, Getty Images Ukraine, Russian, Lyman, Donetsk Oblast, Anadolu, Europe, Taiwan, Ukrainian, Kharkiv, Izyum, China, North Korea, Poland, American

☆ Los Angeles is using AI in a pilot program to try to predict homelessness and allocate aid
▼ + stars: | 2024-04-19 | by ( Kate Rogers | ) www.cnbc.com time to read: +3 min

In December of last year, single mom Courtney Peterson was laid off from her job working for a now-shuttered inpatient transitional living program. Peterson said she began to research potential avenues for help, immediately concerned about making January's rent. "I started to reach out to local churches or places that said they offered rent assistance," Peterson told CNBC. Instead of an eviction notice, Peterson received a letter from Homelessness Prevention Unit within the Los Angeles County Department of Health Services, offering a lifeline. The pilot program uses predictive artificial intelligence to identify individuals and families at risk of becoming homeless, offering aid to help them stabilize and remain housed.

Persons: Courtney Peterson, Peterson, I'd, Dana Vanderford, they've, Vanderford, we've, Amber Lung, Lung Organizations: CNBC, Prevention, Angeles County Department of Health Services, U.S Department of Housing, Urban, county's Department of Health Services, American Locations: Van Nuys, Los Angeles, California

☆ The man who led Google Photos to 1 billion users is now the newest group partner at Y Combinator
▼ + stars: | 2024-04-18 | by ( Melia Russell | ) www.businessinsider.com time to read: +7 min

Lieb, having a background in semiconductors and not server management, reached out to his fellow Y Combinator founders for support. After a year and a half of advising at the accelerator, he's stepping up as a group partner, Y Combinator tells Business Insider exclusively. It was never released, but many of the ideas would later come back in the form of Google Photos. From there, he reached into the Y Combinator alumni network to find other promising upstarts. David Lieb, second from left, speaks to a group of Y Combinator founders.

Persons: David Lieb, Lieb, Alex Polvi, Combinator —, Garry Tan, Jared Friedman, Harj Taggar, Michael Seibel, Sam Altman, it's, Y Combinator, " Lieb, Dan Lieb, Y, Xoogler, Patrick, John Collison's, Mixpanel, Jake Mintz, Forbes, Kevin Systrom, Flock, Andy Huibers, Mary, 72m2YgJZq8 — David Lieb, Ryan Peterson, He's Organizations: Apple, Business, Investors, Google Locations: Cloudkick, San Francisco, Silicon Valley, Flexport

☆ Nicholas Lardy: I am skeptic on the idea that consumer confidence in China is very weak
▼ + stars: | 2024-04-15 | 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 EmailNicholas Lardy: I am skeptic on the idea that consumer confidence in China is very weakNicholas Lardy from Peterson Institute for International Economics on why he is constructive on Chinese economy.

Persons: Nicholas Lardy Organizations: Peterson Institute for International Locations: China

☆ Consumers are really moving more to the value sector, says BCI Brands' Manny Chiricoo
▼ + stars: | 2024-04-15 | 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 EmailConsumers are really moving more to the value sector, says BCI Brands' Manny ChiricooDana Peterson, The Conference Board chief economist, and Manny Chirico, chair of BCI Brands, join CNBC's 'Squawk Box' to discuss the latest number in retail sales, the state of the consumer, and more.

Persons: Manny Chiricoo Dana Peterson, Manny Chirico Organizations: Consumers, BCI Brands, The Conference Board

☆ Op-ed: There's a potential tax increase coming. Here's what you need to know
▼ + stars: | 2024-04-15 | by ( Ivory Johnson | ) www.cnbc.com time to read: +5 min

Eva-katalin | E+ | Getty ImagesIt is common folklore, a fairy tale of sorts, that middle-class Americans received perpetual relief in the Tax Cuts and Jobs Act of 2017. First, property taxes generate 32% of state and local income, and U.S. median single-family home property taxes have risen by more than 25% since 2019. Congress will be motivated to etch all the tax cuts in stone, but it would only add fuel to the debt bonfire. watch nowThere is also the qualified business income deduction that offers a 20% tax break for small businesses provided they are below certain income thresholds. All of this is in addition to crippling cost-of-living challenges from excessive government spending, the well our Treasury would have to revisit to make these tax cuts permanent.

Persons: Eva, katalin, he's, Peter G, Uncle Sam, Roth, depreciate — Organizations: Taxation, Economic, Peterson Foundation, Chamber, Commerce, Treasury, Hope Congress, Real, IRS Locations: U.S, United States

☆ Opinion | The Atmosphere of the ‘Manosphere’ Is Toxic
▼ + stars: | 2024-04-14 | by ( David French | ) www.nytimes.com time to read: +2 min

To understand the state of men in this country, it’s necessary to know three things. First, millions of men are falling behind women academically and suffering from a lack of meaning and purpose. Second, there is no consensus whatsoever on whether there’s a problem, much less how to respond and pull millions of men back from the brink. Third, many men are filling the void themselves by turning to gurus to guide their lives. They’re turning to Andrew Tate, Joe Rogan, Jordan Peterson and a host of others — including Elon Musk and Tucker Carlson — to show them the way.

Persons: They’re, Andrew Tate, Joe Rogan, Jordan Peterson, Elon Musk, Tucker Carlson —, He’s, Peterson, Richard Reeves, Lash Organizations: Elon Locations: Romania

☆ Is the Fed's 2% inflation target still a realistic goal?
▼ + stars: | 2024-04-12 | 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 EmailIs the Fed's 2% inflation target still a realistic goal? Daniel Morris, Chief Market Strategist at BNP Paribas Asset Management, and Dana Peterson, Chief Economist at The Conference Board, debate the outlook for inflation and how to navigate a non-2% world.

Persons: Daniel Morris, Dana Peterson Organizations: Asset Management, Conference Board

☆ How Trump’s tariff plans could kill jobs and worsen inflation
▼ + stars: | 2024-04-11 | by ( Matt Egan | ) edition.cnn.com time to read: +10 min

Trump has floated a 10% across-the-board tariff on imports, a 60% tariff on imports from China and a 100% tariff on foreign cars – including from Mexico. Trump’s proposals, if enacted, could easily set off a new trade war with China and potentially other nations, too. Some economists are warning Trump’s trade agenda and the ensuing retaliation from trading partners would hurt the US economy by worsening inflation, killing jobs, depressing growth and spooking investors. It’s hard to say exactly because there is a lot of uncertainty over how much of Trump’s proposed agenda would actually be enacted. That’s because tariffs tax imports when they come ashore, adding costs for US distributors, retailers and, ultimately consumers.

Persons: he’s, Donald Trump, Trump, ” Alex Durante, Trump’s, ”, Mark Zandi, Goldman Sachs, ” Goldman Sachs, Jan Hatzius, ” Goldman, Janet Yellen, Joe Biden’s, Karoline Leavitt, ” “, ” Leavitt, “, Biden, “ Donald Trump, ” Biden, James Singer, Biden’s, That’s, Durante, Joe Brusuelas, don’t, ” Brusuelas, Brusuelas, Liz, Maury Obstfeld, Obstfeld, Obama, ” Durante Organizations: New, New York CNN —, Tax Foundation, CNN, Trump, China, Bureau of Labor Statistics, Federal Reserve, RSM, Target, Walmart, Peterson Institute for International Economics, International Monetary Fund, US International Trade Commission, “, Obama Locations: New York, China, Mexico, Beijing, United States

☆ Former Trump CFO Allen Weisselberg begins 5-month jail sentence for perjury
▼ + stars: | 2024-04-10 | by ( Laura Italiano | ) www.businessinsider.com time to read: +2 min

Weisselberg was the Trump Organization's top fiscal officer for 30 years. He turned himself in on Wednesday to start a previously agreed-to sentence of five months in jail. AdvertisementAllen Weisselberg, Donald Trump's longtime, loyal chief financial officer, began serving a five-month perjury sentence Wednesday. Related storiesThe judge ordered he serve the five months Weisselberg previously agreed to last month, when he pleaded guilty to two felony charges of first-degree perjury. Read the charges Weisselberg admitted to here .

Persons: Weisselberg, perjured, —, Allen Weisselberg, Donald Trump's, Laurie Peterson, Arthur Engoron Organizations: Trump, Service, Manhattan Criminal Locations: Weisselberg

Allen H. Weisselberg, Donald J. Trump’s longtime financial lieutenant, was sentenced Wednesday to five months in the Rikers Island jail complex for perjury, capping a legal saga that has now landed him behind bars twice. Mr. Weisselberg was not charged in the same case as Mr. Trump, but he would not be headed to jail if not for his former boss’s own troubles: Prosecutors set their sights on Mr. Weisselberg after he refused to turn on Mr. Trump. Last month, Mr. Weisselberg, 76, pleaded guilty to two counts of perjury committed while he was being questioned in 2020 by the New York attorney general’s office, which was investigating Mr. Trump for fraud. In a brief and perfunctory appearance before the judge, Laurie Peterson, Mr. Weisselberg, wearing a dark jacket and a blue surgical mask, showed little emotion. When the judge asked if he wanted to say anything, he simply responded, “no, your honor.”

Persons: Allen H, Weisselberg, Donald J, Trump’s, Trump, Prosecutors, Laurie Peterson, “, ” Organizations: New Locations: Manhattan, New York

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