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☆ Netflix gained 9.3 million subscribers this year as it adjusts streaming strategy
▼ + stars: | 2024-04-18 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

CNN —Netflix, the dominant player in streaming, says it grew sales, profits and added more than 9 million subscribers as it revealed first-quarter results on Thursday. In total, Netflix now has 269.6 million subscribers, a record high. In recent months, Netflix has made moves to expand and even radically reinvent its business in an effort to juice profit. In January, Netflix announced it had acquired the exclusive rights to "WWE Raw" live, currently seen on Comcast's USA cable network. In January, Netflix’s president of advertising, Amy Reinhard, shared that Netflix’s ad-tier had more than 23 million users.

Persons: ”, eMarketer, Ross Benes, Wall, Peacock, ” Alicia Reese, “, Greg Peters, ” Reese, Reese, Robert Falconer, Amy Reinhard, Peters, We’ve Organizations: CNN, Netflix, Disney, Max, Warner Bros, City, Wedbush Securities, WWE, USA, Rockstar Locations: Hulu, United States

☆ Netflix is the dominant streaming service. So why is it changing its model?
▼ + stars: | 2024-04-18 | by ( Samantha Delouya | ) edition.cnn.com time to read: +5 min

CNN —Netflix, the dominant player in streaming, is expected to announce its first-quarter results on Thursday after enjoying months as a Wall Street darling. But much of the company’s past growth and success, analysts say, has come from its old, well-established business model. In recent months, Netflix has made moves to expand and even radically reinvent that business. Last year, Netflix made a particularly risky bet by pushing users who share passwords to create their own accounts — but that paid off. Netflix’s reinventionFor Netflix, last month’s Oscars were a disappointment: Though the streaming service led its rivals in nominations, it took home just one award, for best live-action short film.

Persons: Peacock, ”, Ross Benes, ” Alicia Reese, “, Greg Peters, ” Reese, Reese, Robert Falconer, Amy Reinhard, “ I’m, Peters, We’ve Organizations: CNN, Netflix, Disney, Max, Warner Bros, City, Wedbush Securities, WWE, USA, Rockstar Locations: Hulu, eMarketer, United States

☆ Ladakh: Herders on the front line of India-China border dispute say they’re losing grazing land – and a way of life
▼ + stars: | 2024-04-16 | by ( Simone Mccarthy | Aishwarya S Iyer | ) edition.cnn.com time to read: +16 min

For years, Lopzang Dadul herded his yaks, sheep and goats across the vast, vertiginous landscape near India’s contested border with China, following the seasons to find grazing land. All these areas are winter grazing areas of Chushul village. He says 60 of the 113 households in his village used to be nomadic; now only 10 are maintaining the tradition due to those factors and lost grazing lands. New Delhi says two sites remain contested along the Ladakh border after disengagement at other contested zones following the 2020 clash. Reduced patrolling led to an ultimate loss of control over such areas, where China grabs land “inch-by-inch,” the report said.

Persons: Lopzang Dadul, Dadul, ”, Mohd Arhaan Archer, Sushant Singh, Aksai Chin, Manoj Joshi, Singh, Rezeng, Stanzin, Phobrang, Sonam Dorje China, Sonam Wangchuk, Wangchuk, Sonam Dorje, India’s, won’t, “, Phunchok Stanzin, Namgail Phonchok, ” Phonchok, Narendra Modi –, Joshi, ‘, ’, China’s People’s, Modi’s, – Organizations: CNN, “, Getty, Policy Research, Observer Research Foundation, Gurung, Army, ” CNN, India’s Ministry of Defense, Mutual, Equal, China’s Defense Ministry, Protesters, Foreign Ministry, Bharatiya Janata Party, BJP, ‘, LAC, ”, Observers, ’ New, China’s People’s Liberation Army, PLA, Indian Army, Hindustan Times, Indian, Centre for Policy Research, Yale University Locations: China, Ladakh, India’s, India, Phobrang, AFP, Delhi, Ladakh’s Chushul, Chushul, Ladakh –, Leh, Jammu, Kashmir, Pakistan, New Delhi, Leh’s, Friends, Galwan, ” Beijing, Waseem

☆ Live updates: Israel intercepts Iran drone attacks and weighs response, Gaza crisis continues
▼ + stars: | 2024-04-15 | by ( Kathleen Magramo | ) edition.cnn.com time to read: 1 min

Airports in the Iranian capital of Tehran have resumed flights at 6:00 a.m. local time on Monday, according to Iran's state-aligned Tasnim news agency. On Sunday both of Tehran's airports, Imam Khomeini Airport and Mehrabad Airport, suspended flights after Iran's attack on Israel stoked regional tensions. Travel disrupted: On Saturday, at least three United Airlines flights headed to or departing from the Middle East were canceled as the conflict unfolded. Dutch carrier KLM has said it would stop flying over Iran and Israel "as a precaution" but continue to fly to and from Tel Aviv. Austrian Airlines and Lufthansa — currently the only two Western carriers that operate international flights to Iran — have announced a suspension of flights to and from Tehran through April 18.

Persons: Khomeini, Iran — Organizations: Mehrabad, United Airlines, Dutch, KLM, Tel Aviv . Austrian Airlines, Lufthansa — Locations: Tehran, Israel, Iran, Tel Aviv

☆ Freetrade, Britain's answer to Robinhood, posted its first quarterly profit
▼ + stars: | 2024-04-15 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Freetrade reported adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) of £100,000 ($124,863) in the first quarter of 2024, according to unaudited financial statements shared with CNBC. Freetrade still generated a loss of £8.3 million in 2023, down from the £28.8 million loss it racked up the year before. "We defied difficult market conditions and delivered healthy growth in 2023 while dramatically reducing losses" in 2022, said Adam Dodds, CEO and founder of Freetrade. Net inflows totalled £130 million in the first quarter, too, as retail investor activity grew in response to resurgent markets last year. Equity markets saw serious drops in 2022 as a result of macroeconomic uncertainty and higher interest rates stoked by Russia's full-fledged invasion of Ukraine, which triggered a risk-off trade around the world.

Persons: Rafael Henrique, Freetrade, Adam Dodds, who've, Dodds, we've, Russia's Organizations: Getty, CNBC, Freetrade, Equity Locations: Ukraine

☆ Iranian currency plunges to record low against dollar after strikes on Israel
▼ + stars: | 2024-04-14 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

Two men are holding Iranian banknotes on a sidewalk in Tehran's business district, in Tehran, Iran, on April 13, 2024. Iran's currency, the rial, briefly plunged to a record low against the dollar on the unofficial market, after Tehran launched an expansive missile and drone attack on Israel on Saturday night, exacerbating tensions in the Middle East. The exchange rate was at 705,000 rials / USD on the open market around 10:30 a.m. local time on Sunday, according to data from foreign exchange monitoring site Bonbast. The government set an official exchange rate of 42,000 rials / USD in 2018. The development marked the first instance of a direct attack on Israel from Iranian territory, and Tehran now runs the risk of being hit with further trade and diplomatic restrictions.

Persons: Joe Biden, Iran's rial, Donald Trump's, Biden Organizations: Israel, . Security Locations: Tehran, Iran, Israel, Damascus, U.S

☆ I love staring at my phone. So why are some tech companies trying to stop me?
▼ + stars: | 2024-04-14 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +8 min

Bad reviews of the AI Pin point out how it can't replace a phone. AdvertisementI was excited for the AI Pin, I really was. Unfortunately, the reviews of the AI Pin so far have been dreadful. I don't stare at my phone in a restaurant, a movie theater, or while talking to someone. I don't think my consciousness will ascend to a higher plane if I could only tear myself away from the 2,000-nit light of my iPhone 14 Pro Max.

Persons: —, we've, Siri, There's, They're, Joanna Stern, Sam Altman, I'm, I'd, Max Organizations: Service, The, Journal, Meta, Apple Watch Locations: UAE

☆ Live updates: Israel-Hamas war, Iran attack fears, Gaza aid crisis
▼ + stars: | 2024-04-12 | by ( Chris Lau | ) edition.cnn.com time to read: 1 min

People attend the funeral procession for seven Islamic Revolutionary Guard Corps members killed in a strike in Syria, which Iran blamed on Israel, in Tehran on April 5. Atta Kenare/AFP/Getty ImagesThe US and Israel are on high alert for a potential attack by Iran or its proxies that could escalate regional tensions stoked by the war in Gaza. Iran has vowed revenge on Israel after a deadly strike on its embassy compound in Syria last week. Concerns about this possible attack have prompted diplomatic conversations around the globe. Here's what you need to know:And here's the latest on the conflict in Gaza:

Persons: Atta Kenare Organizations: Islamic Revolutionary Guard Corps, Getty Locations: Syria, Iran, Israel, Tehran, AFP, Gaza

☆ Dow tumbles more than 300 points on fears of potential attack by Iran and inflation woes
▼ + stars: | 2024-04-12 | by ( Krystal Hur | ) edition.cnn.com time to read: +2 min

New York CNN —US stocks slid Friday morning as Wall Street worried about escalating tension in the Middle East and sticky inflation. The US and Israel are on alert for a potential attack by Iran or its proxies after an Israeli strike in Damascus last week. The price of the most actively traded gold futures contract rose to roughly $2,432 a troy ounce. Elsewhere, fresh data showed that Americans’ attitudes toward the economy have dampened over the past few months as inflation stays stubborn. The University of Michigan’s latest consumer survey showed that sentiment largely held steady in April, according to a preliminary reading released Friday.

Persons: Dow, JPMorgan Chase, Jamie Dimon, ” Dimon Organizations: New, New York CNN, Nasdaq, Texas, Energy, Federal Reserve, JPMorgan, JPMorgan Chase, University of Michigan’s Locations: New York, Israel, Iran, Damascus, Gaza, Ukraine

☆ ‘Civil War’ Review: We Have Met the Enemy and It Is Us. Again.
▼ + stars: | 2024-04-11 | by ( Manohla Dargis | ) www.nytimes.com time to read: +3 min

A blunt, gut-twisting work of speculative fiction, “Civil War” opens with the United States at war with itself — literally, not just rhetorically. As in what if the visions of some rioters had been realized, what if the nation was again broken by Civil War, what if the democratic experiment called America had come undone? In “Civil War,” the British filmmaker Alex Garland explores the unbearable if not the unthinkable, something he likes to do. By the time “Civil War” opens, the fight has been raging for an undisclosed period yet long enough to have hollowed out cities and people’s faces alike. Instead, he presents an outwardly and largely post-ideological landscape in which debates over policies, politics and American exceptionalism have been rendered moot by war.

Persons: ”, it’s mesmerizingly, Kirsten Dunst, Alex Garland, Garland, “, Jesse Plemons, you’ve Organizations: D.C, Western Forces Locations: United States, Washington, New York, Texas, California, America, British

☆ PPI report: US wholesale inflation rose again last month
▼ + stars: | 2024-04-11 | by ( Alicia Wallace | ) edition.cnn.com time to read: +1 min

CNN —A key US inflation gauge rose last month to its highest level since April 2023, showing that underlying price pressures remain persistent. The Producer Price Index, a closely watched measure of inflation at the wholesale level, rose 2.1% for the 12 months ended in March, up from a 1.6% gain in February, according to Bureau of Labor Statistics data released Thursday. On a monthly basis, US wholesale prices rose 0.2%, markedly slower than the 0.6% gain in February. When stripping out the more volatile components of food and energy, the closely watched “core” index moved higher for the third consecutive month, rising to 2.4% annually, up from 2.1% the month before. Despite the increases, the annual rate of wholesale inflation (on both the overall and core level) is rising in line with what was seen in the years before the pandemic.

Persons: Price Organizations: CNN, of Labor Statistics, PPI

☆ A photographer captured a proposal right as the eclipse reached totality
▼ + stars: | 2024-04-10 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +5 min

But the timing made Hoffpauir's proposal one-of-a-kind — he wanted to pop the question during the solar eclipse on Monday, as Lewisville was in the path of totality. Related storiesShe also had to wear eclipse glasses as she set everything up once it started and could only remove them when the eclipse reached totality. Finally, the eclipse reached totality at 1:42 p.m., and Hoffpauir and Alex sprung into action. "He got down on one knee right there, right in the middle of the flash, and got that beautiful diamond effect with the totality." Harbison was completely surprised, as she didn't suspect the proposal or that Alex was anyone other than an eclipse viewer.

Persons: —, Alex Hoffpauir's, Macy Alex's inbox, Alex, Austynn Harbison, Hoffpauir, I've, Harbison, Bonnie Tyler's Organizations: Service, Business, Designs Locations: Lewisville , Texas, Hoffpauir, Lewisville

☆ Stocks, Real Estate Will Crash When 'Everything Bubble' Pops: Kiyosaki
▼ + stars: | 2024-04-10 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Robert Kiyosaki warned an "everything bubble" spanning stocks, bonds, and real estate would pop. The "Rich Dad Poor Dad" author touted gold, silver, and bitcoin for riding out the storm. "The EVERYTHING BUBBLE, stocks, bonds, real estate SET to CRASH," he said in a recent X post. Please buy more real gold, silver, Bitcoin." The Rich Dad Company founder's latest crash warning should be treated with skepticism as his previous ones have failed to pan out.

Persons: Robert Kiyosaki, Dad, —, — he's, bitcoin, Rich Dad, founder's, Kiyosaki, Lehman Organizations: Service, Nasdaq, Federal Reserve, Credit Suisse, UBS Locations: Swiss

☆ Jim and Pam Knew How to Survive a Soul-Crushing Office
▼ + stars: | 2024-04-08 | by ( Alexandra Molotkow | ) www.businessinsider.com time to read: +20 min

Office crushes, in all their mercurial glory and pain, continue to shape our working lives in deeply meaningful ways. But through all these changing norms, workplace crushes remain remarkably common. Jim, after all, doesn't even ask Pam on a date until the season-three finale of "The Office." That most workplace crushes never lead to consummated relationships doesn't make them any less powerful. An admitted serial crusher, she still gets work crushes — last year she counted "a solid eight."

Persons: Derek, Brendan, Michael Rosenfeld, Manny, Sean Horan, we're, she'd, Karis, Stefan, Darcy, —, Helen Fisher, Lakshmi Rengarajan, Rengarajan, smolder, Jim, Pam, I've, it's, I'd, Slack, Mikel Jaso, didn't, couldn't, weirdly, they'd, Johnny C, Taylor Jr, MeToo, Ayear, Tiana Reid, texted Derek, Alexandra Molotkow Organizations: Society for Human Resource Management, Stanford, Fairfield University, Match.com, BI Karis, Society for Human, York University Locations: New York City, Singapore, Brendan's, New York, Chicago, Toronto

☆ 3 things rattling markets this week
▼ + stars: | 2024-04-04 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

The S&P 500 tumbled the first two trading days of the new quarter and is down 0.8% for the week after paring back some of its losses on Wednesday. Some Fed officials revealed at the central bank’s policy meeting last month that they see fewer rate cuts than the three they forecast last December for 2024. Traders see a 63% expectation that the Fed cuts rates in June, a drop from more than 70% a week earlier, according to the CME FedWatch Tool. “With Middle East tensions on the rise, OPEC+ supply side measures have pushed crude oil volatility down,” BofA strategists wrote in a Wednesday report. “Adding to a complex backdrop, we now estimate that improving economic growth expectations have helped push global oil markets into a deficit.”The price of gold has also climbed this week.

Persons: New York CNN — Stocks, “, ”, Brent Schutte, Jerome Powell, •, Loretta Mester, Raphael Bostic, Brent, Michael Shvartsman, Gerald Shvartsman, Donald Trump’s, Matt Egan, “ Michael, ” Damian Williams, Bruce Garelick, ” Williams, ” Read, Joe Biden, Sean Lyngaas, China Nicholas Burns, Antony Blinken, Read Organizations: CNN Business, Bell, New York CNN —, Treasury, FactSet, Northwestern Mutual Wealth Management, Hawkish, San Francisco Fed, Stanford University, Wednesday, • Cleveland Fed, Atlanta Fed, CNBC, Traders, Organization of, Petroleum, West Texas, Brent, Bank of America, Trump Media, Trump Media & Technology Group, DWAC, Southern, of, Acquisition Corporation, “, Microsoft, US, Department of Homeland Security, CNN Locations: New York, OPEC, Florida, of New York, Washington, China

☆ Robert Kiyosaki, David Einhorn, and Gary Shilling are all worried about inflation — and so is the Fed
▼ + stars: | 2024-04-04 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

The central bank's current chief, Jerome Powell, is yet to defeat his mythical beast — and Wall Street is getting worried. Powell warned on Wednesday that the Fed's fight against inflation isn't over after annualized price growth accelerated to 3.2% in February. AdvertisementRaising the alarmBank of America analysts have suggested that stubborn inflation could mean the Fed doesn't start cutting rates until March next year. It's no wonder, then, that investors are waiting impatiently for the Fed to cut rates. Fundstrat's famously bullish boss, Tom Lee, proclaimed this week that it's dropping "like a rock" and the first rate cut is still likely to be in June.

Persons: —, Paul Volcker, Jerome Powell, Powell, Greenlight Capital's David Einhorn, Einhorn, Greenlight, Dad, Robert Kiyosaki, Gary Shilling, Julia La Roche, We've, Merrill Lynch's, they've, Shilling, It's, Fundstrat's, Tom Lee Organizations: Service, Federal, Business, of America, CNBC, Trust, Wall Street, Fed

☆ U.S. Finalizes Rule Requiring Two-Person Crews on Freight Trains
▼ + stars: | 2024-04-02 | by ( Mark Walker | More About Mark Walker | ) www.nytimes.com time to read: +1 min

Federal regulations had not previously specified a minimum crew size, but the nation’s largest freight railroads typically have two workers on each train, an engineer and a conductor. The Federal Railroad Administration proposed requiring two-person crews in 2022, arguing that doing so would improve safety. The issue received further attention after a Norfolk Southern freight train derailed last year in East Palestine, Ohio, putting the issue of railroad safety in the spotlight. A bipartisan rail safety bill introduced in Congress in response to the derailment included a requirement for two-person crews, though the legislation has stalled. The Norfolk Southern train, which investigators believe derailed because of an overheated wheel bearing, had three crew members on board: an engineer, a conductor and a conductor trainee.

Organizations: Biden, Federal Railroad Administration, Norfolk, Norfolk Southern Locations: Norfolk Southern, East Palestine , Ohio

☆ Opinion: Trump videos send wildly different messages
▼ + stars: | 2024-03-31 | by ( Richard Galant | ) edition.cnn.com time to read: +19 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. In a video promoting the Bible, Trump said, “Religion and Christianity are the biggest things missing from this country. … we need to bring them back.”On Good Friday, Trump posted a very different kind of video. It showed an image of President Joe Biden lying sideways and tied up in the bed of a pickup truck. “Robert F. Kennedy Jr.’s independent presidential campaign can’t win, but it could swing the presidency to former President Donald Trump,” Begala wrote.

Persons: Matthew Arnold, Homer, King James, Donald Trump, ”, Lee Greenwood’s, AJ Willingham, Trump, Joe Biden, Drew Sheneman, MAGA, Biden, Fareed Zakaria, ” Zakaria, Candida Moss, he’ll, he’s, Barack Obama, Bill Clinton, Julian Zelizer, ” “, …, ” Clay, “, Obama, “ Obama, CNN Trump, —, Attorney Alvin Bragg, “ Trump, Stormy Daniels, ” Norman Eisen, Andrew Warren, James Antle III, stoked, Letitia James, Dali, Francis Scott Key, Tasos Katopodis, Richard Timme, ” Timme, Salvatore R, Mercogliano, ’, Jalal Baig, Catherine, Princess of Wales, Baig, Paul Hockenos, “ It’s, Robert F, Kennedy Jr, Nicole Shanahan, Eric Risberg, Paul Begala, Ross Perot, George H, Bush, “ Robert F, can’t, ” Begala, ” Shanahan “, Sergey Brin, Hillary Clinton, Pete Buttigieg, Ro Khanna, Lee Drutman, Mark Osler, Jill Filipovic, Lisa Murkowski, Obeidallah, Johnson Ronna, Ronna McDaniel, Justin Sullivan, McDaniel, ” McDaniel, David Zurawik, Jack Ohman, Walt Handelsman, Tim Hubbard, Dennis Muilenburg —, Max, David Calhoun, ‘, ” Hubbard, Annelle, ” Sheline, ” Don’t, Frida Ghitis, Putin, Howard Fischer, Keith O’Brien, Pete Rose, Nick Anderson, Agency Sara Stewart, Mary Ziegler, Patrick T, Brown, shouldn’t, Emma Firth, Carter ’ Parkwood, Roxanne Jones, Cowboy Carter, Beyoncé, ” Jones Organizations: CNN, Oxford University, New, Trump, Nasdaq, NYPD, Hollywood, Biden, Cupp, Obama, Manhattan, Attorney, Democratic, US Coast Guard, Baltimore, Federal Highway Administration, RFK Jr, RFK, Google, The New York Times, Republican National Committee, NBC News, “, Press, NBC, MSNBC, Content Agency Boeing, Notre Dame, Boeing, US State Department, Israel, Tribune, Agency, Sony, AP Locations: Independence, New York City, America, New, Manhattan, Queens, New York, Baltimore, Coast, Suez, Port, China, Argentina, Red, Gaza, Wales, Northern California, California, Israel, Columbia

☆ Airstrikes Kill Soldiers in Syria in Apparent Israeli Attack
▼ + stars: | 2024-03-29 | by ( Raja Abdulrahim | Victoria Kim | ) www.nytimes.com time to read: +1 min

Airstrikes killed a number of soldiers near the northern Syrian city of Aleppo early Friday, Syria’s state news media and an independent organization reported, in what appeared to be one of the heaviest Israeli attacks in the country in years. The Syrian Observatory for Human Rights, a Britain-based group that tracks Syria’s civil war, said that the dead included 36 Syrian soldiers, seven Hezbollah fighters and a Syrian from the pro-Iranian militias. The group said the attack appeared to have hit multiple targets, including a weapons depot belonging to Hezbollah, a Lebanese militia that Iran supports and has a presence in Syria. The airstrikes stoked fears that have unsettled Western officials for months: that Israel’s war against Hamas in Gaza could escalate into a broader conflict against Syria, Iran and its proxies across the region, which could entangle allies of those involved, like Russia and the United States. But fears of a wider conflict have persisted as Israel and Hezbollah have clashed for months along the border, and as Israel has carried out assaults on Iran-linked targets in Syria.

Organizations: Syrian Observatory, Human Rights, Lebanese, . Army Locations: Syrian, Aleppo, Britain, Iran, Syria, Gaza, Russia, United States, Israel

That morning, local villager Zaw Zaw says he woke at his parents’ home in Myauk Khin Yan to the sound of gunfire. A Myanmar military jet flies overhead after bombing the quarters of Karenni Nationalities Defence Force (KNDF), in Kayah state, Myanmar on July 6, 2022. Following the executions, Zaw Zaw said the militia “locked down” the village and threatened to kill those who left. Multiple villagers who spoke to CNN consistently said Myauk Khin Yan has been a militia stronghold since the 2021 coup. Phoe Ei Thu, 17, lost her leg to a landmine while fleeing Myauk Khin Yan in early January.

Persons: dehumanized, Phoe Tay, Phoe, Volker Türk, ”, Min Aung, Aung, Suu Kyi, ” Yaw, Myauk, “ Yaw, guerre, Soldiers, “ Ninja ”, Myo Satt Hla, ” Ninja, “, ” Yaw Lay, Zaw Zaw, ’, Myauk Khin Yan, ” Zaw Zaw, …, Kaung Zaw Hein, ” Kim Jolliffe, Kim Jolliffe, Yan, Khin Yan, Yaw Lay, Stringer, NurPhoto, Jolliffe, Hla, Mai Thomas, Ei, It’s, Kim Jolliffe “, Ei Thu, Richard Horsey, Matt Lawrence, ” Horsey, Thierry Falise, ” Miemie Winn Byrd, hasn’t, Khung Aung, Lawrence, Min Aung Hlaing, Miemie Winn Byrd, Daniel K, Inouye, “ You’re, ” Byrd, Byrd, There’s, they’ve, Soe Lin Aung, Organizations: CNN, People’s Defence Force, United Nations Human, ” CNN, Army, National League for Democracy, Yaw Defense Force, Karenni Nationalities Defence Force, Burma Affairs, Union Solidarity and Development Party, ISIS, UN, Association for Political, Getty, Information Resilience, Myanmar Witness, Human Rights, Junta, US Army, Pacific Center for Security Studies Locations: Myanmar, Phoe Tay, Thar, Aung San, Chin, Myauk Khin, Gangaw, Magway, Loikaw, Kayah, Myauk, Gangaw Township, Magway Region, Khin, Yangon, United States, United Kingdom, Shan, Thantlang, Chin State, AFP, Inouye Asia, Sagaing

☆ Opinion: Trump catches a bond break, and maybe Democrats do, too
▼ + stars: | 2024-03-25 | by ( Opinion W. James Antle Iii | ) edition.cnn.com time to read: +7 min

The action may also spare Democrats backlash from voters who would be incensed at the potential seizure of Trump’s assets. W. James Antle III Courtesy W. James Antle IIITrump became an A-list celebrity as a symbol of extreme, almost gaudy wealth. The New York civil fraud case raises questions about how Trump acquired much of his wealth in the first place. My inbox is filled with fundraising appeals asking donors to help stop James from taking Trump Tower. If so, Trump could once again turn a legal and personal setback into a political windfall.

Persons: James Antle III, Donald Trump, James Antle, James Antle III Trump, Trump, stoked, Letitia James, Republican nominee’s, James, isn’t, ”, Ruth Marcus, “, Cenk Uygur Organizations: Washington Examiner, CNN, White, The New, Republican, Republican Party, Democratic, New, Associated Press, GOP, Trump, Trump’s, Washington Post, Turks Locations: The New York, New York, Trump’s New York, Washington, York

☆ The genius Roman creations that still amaze us today
▼ + stars: | 2024-03-23 | by ( Guy Kesteven | ) edition.cnn.com time to read: +13 min

That’s because Roman passions for outrageous, oversized architecture went hand in hand with detailed record-keeping and relentless imperial PR. We should warn you that the lines to get in now are likely even longer than the Roman ones though. While it was forgotten for over 1,000 years, this UNESCO World Heritage site now gets over 2,500,000 visitors a year. Mahmud Turkia/AFP/Getty ImagesWhat: Spectacularly preserved Roman portWhere: Libyan coastWhoa: Seeing is still not believingThe undoubted winner of the “most incredible Roman site you’ve never heard of” award is Lepcis Magna. That’s made this dramatic structure a designated UNESCO World Heritage site and well worth a visit on any Roman road trip across Europe.

Persons: Genghis, Marco Cantile, Volcanically, Pliny, hadn’t, That’s, Pont du, Pont, it’s, Mahmud Turkia, you’ve, Magna, Septimus Severus, “, Emperor Augustus, Tiberius, Domitian, Nero, Maximus, Don’t, Augustus, Vindolanda, Hadrian, Antonine, Aphrodisia, Caracalla, Caracalla aren’t, Diocletian, Guy Kesteven, Sarah, Freya Organizations: CNN, Scottish Borders, UNESCO, Heritage, Lepcis Magna, Getty, Coliseum, YouTube, Royal Holloway University Locations: Rome, Africa, Scottish, Italy, Herculaneum, Naples, Mount, Gardon, France, AFP, Libyan, Libya, Palatine Hill, Trier, Germany, Europe, England, Roman, Scotland, Anatolia, Turkey, Aphrodisia, Caracalla

☆ US reindustrialization will be the top investment theme of coming decades, RBA says
▼ + stars: | 2024-03-23 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +4 min

The "US industrial renaissance" will be the top investment theme of the coming decade, Richard Bernstein Advisors said. The trend of American companies shifting away from dependence on foreign labor and supply chains should dominate investment strategies in the coming decades the firm said. "The market is already rewarding the beneficiaries of this capital reallocation, but we expect years, if not decades, of further performance from this critical investment theme," RBA president Richard Bernstein said in a note this week. For the US, that means big investment in infrastructure on manufacturing will be needed in the coming years as the world reorients. "The market has already recognized the re-industrialization investment theme despite investors' myopia with respect to more exciting technology-related themes, like artificial intelligence.

Persons: Richard Bernstein, Overreliance, Bernstein, — Organizations: Richard Bernstein Advisors, Service, Republicans Locations: America

☆ I was a first-time homebuyer and got scammed out of $167,000 of my life savings
▼ + stars: | 2024-03-23 | by ( Jordan Hart | ) www.businessinsider.com time to read: +7 min

Pat and Marisa Lawlor were the victims of real estate wire fraud in 2022. The realizationThe real email came exactly one week after the scammers made off with Lawlor's money, he said. The methodIt turns out that the scammers hacked into the escrow office's email server through a process called business email compromise. With real estate wire fraud, they target mom-and-pop independent brokers, escrow, or title companies like the one we used. We've started a GoFundMe fundraiser to get that money back and raise awareness about real estate wire fraud.

Persons: Pat, Marisa Lawlor, They've, —, Pat Lawlor, Marisa, We'd, San Fernando Valley, Lawlor, That's, it's, It's, we've, We've Organizations: Service, California Association of Realtors, Riverside, States Secret Services Locations: Los Angeles, San Fernando, Riverside County

☆ Weekly mortgage demand drops as interest rates rise again, but Fed announcement will be key for spring market
▼ + stars: | 2024-03-20 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +1 min

Mortgage interest rates rose last week for the first time in three weeks. As a result, total mortgage application volume dropped 1.6% compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 6.97% from 6.84%, with points decreasing to 0.64 from 0.65 (including the origination fee) for loans with a 20% down payment. That was the weekly average, but another index from Mortgage News Daily, which looks at daily rates, had the 30-year fixed mortgage moving back over 7% last Thursday. "Mortgage rates increased last week as incoming data showed inflation was still hotter than expected, which stoked concerns about the timing and extent to which the Fed might be able to reduce the fed funds rates this year," said Joel Kan, MBA's vice president and deputy chief economist.

Persons: Joel Kan Organizations: Mortgage, Mortgage News

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