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Linda arrived in New York City “in precisely the clothes I described.” At the airport, she glanced around, searching the throngs of people. Linda PorterThe dark-haired, mustachioed man “was George,” Linda soon realized. An introduction to New York CityLinda arrived in New York City excited to embark on a new chapter. Courtesy G. Porter and Dr. L. M. PorterLike Linda, George Porter was also a New York City transplant. Newly married, Linda – who took George’s name, becoming Linda Porter – returned to the US, once again landing in JFK airport.
Persons: John F, Linda Ford, Linda wasn’t, ” Linda, Linda, she’d, – she’d, , , George, John Rooney, George Porter, , who’d, they’d, Linda Dean, I’d, Linda Porter, Jean, Claude, Frenchman, ” Jean, “ George, New York City Linda, Porter, ” “, ” George, Linda –, he’d, “ Linda, George “, he'd, It’s, Penny, Patty, – “, Linda’s, George’s, Here's George, Porter “, we’d, Linda Porter –, Linda weren’t, , Max Burnell, CNN George, I’m, “ Jean Organizations: CNN, Kennedy International Airport, City University of New, CNN Travel, Kennedy International, JFK, Air, Air France, New, Riverside Park, Yorker, Atlantic Locations: JFK, City University of New York, United States, England, Paris, York City, “ New York, New York City, Air France, Southern, New York, Manhattan, Arkansas, George, Europe, , Linda’s, midtown, NYC, Staten, of, Central Park, West Coast, “ But New York, Sevenoaks, Kent, Riverside, New Jersey, Switzerland
In today's big story, we're looking at what a hotter-than-expected inflation report means for markets and the econom y . That silver lining doesn’t address the elephant in the room: What does the latest CPI data mean for interest rates? AdvertisementMadison Hoff/Noah Sheidlower/Business InsiderThe hot inflation report comes just a few weeks after some industry experts felt the market was in a perfect position. Stubbornly elevated inflation means Powell might be less willing to cut rates and risk further fueling inflation. It’s particularly painful for smaller companies, which tend to carry floating-rate debt more susceptible to elevated interest rates.
Persons: , Angela Weiss, Insider’s Madison Hoff, BI’s Aruni Soni, Madison Hoff, Noah Sheidlower, we’ve, Jerome Powell, Powell, Jim Zelter, BI’s Yuheng Zhan, Alyssa Powell, Peter Thiel, bitcoin, Noah Berger Sam Altman’s, Jensen Huang, Altman's, Mark Zuckerberg, Jeff Bezos, Bezos, Rob Dobi, doomsayers, Brace, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, Dow Jones, Bank of America, Apollo Global Management, Federal Reserve Bank of New, BlackRock, Strategic Investors Group, BI, Fund, Reuters, Apple Vision, BI Sky, Employees, Cisco Systems, Sony, McLaren Locations: Federal Reserve Bank of New York, Dubai, Miami, Washington, New York, London
The European Union wants to sanction three Chinese companies for supporting Russia, according to reports. This would mark the first time the bloc has sanctioned Chinese and Indian businesses since the invasion of Ukraine. AdvertisementThe European Union wants to sanction three Chinese companies due to their ties to Russia, according to reports by Bloomberg and the Financial Times . In April 2023, European Commission president Ursula von der Leyen traveled to Beijing to warn China’s leader Xi Jinping not to support Russia’s war efforts. "This visit is taking place in a challenging and increasingly volatile context, in particular because of Russia's war of aggression against Ukraine," she said in a press conference .
Persons: , hasn’t, Ursula von der Leyen, China’s, Xi Jinping, von, Leyen Organizations: European Union, Bloomberg, Service, Union, Financial Times, EU, Kremlin, Moscow, European Locations: Russia, Hong Kong, India, Serbia, Turkey, Ukraine, Kazakhstan, Sri Lanka, Thailand, EU, China, Beijing
In today's big story, we're looking at the big business of the Super Bowl, from advertisers to the ultraweal thy . Developing and filming a Super Bowl ad typically runs 50% to 60% more than a regular one. AdvertisementFor some first-time Super Bowl advertisers, the commercial is a jumping-off point for a bigger campaign, writes BI’s Lauren Johnson. The Super Bowl is also a calendar staple for the ultrawealthy, writes BI’s Madeline Berg. A record 68 million Americans are projected to bet $23.1 billion on the Super Bowl, according to the American Gaming Association.
Persons: , Taylor Swift, Travis Kelce, Patrick Smith, Emily Stewart, that’s, Ryan Joe, Lara O’Reilly, Ryan, BI’s Lauren Johnson, RYU, BI’s Madeline Berg, Elon Musk, Rupert Murdoch —, VistaJet, BI’s Taylor Rains, Grace Kay, it’s, BI’s Juliana Kaplan, Cork Gaines, Usher, David Rosenberg, Quants, Getty, David Butow Here’s, Tesla, Sissie Hsiao, Bard, Gemini, Uber, Dara Khosrowshahi, Lucas Jackson, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, ign, Super, Elon, Private, American Gaming Association, San Francisco 49ers, Kansas City Chiefs, Renaissance Technologies, Man, AHL, UBS, Google, Reuters, Merchants, Conference, PepsiCo Locations: Sun Valley, YOLO, New York, London
Gershwin intended the rhapsody to fuse the respective powers of classical music and jazz. In the article I cited above, “The Worst Masterpiece: ‘Rhapsody in Blue’ at 100,” Iverson offers an intriguing take: that “Rhapsody in Blue,” while having its charms, is just too square to merit being played as often as it is. He believes the rhapsody isn’t truly jazzy enough, and specifically that it only lightly dwells in African-based rhythm. But to Gershwin, the rhapsody was precisely what it needed to be. I resolved, if possible, to kill that misconception with one sturdy blow.” So while the rhapsody certainly has its foot-tapping sections, it also sails, rests, jolts and soars.
Persons: George Gershwin’s, tony, Paul Whiteman, Gershwin, Ethan Iverson, ” Iverson Organizations: Times, Aeolian Locations: Manhattan
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. ESPN, Warner Bros., and Fox announced plans this week for a new sports streaming service set to launch this fall . That could put an end to cable TV as we know it , Nathan McAlone, Business Insider's deputy media editor, writes. Ashley Rodriguez, BI's media editor, has a breakdown of the six biggest questions about this new sports streamer . Games on YouTubeTV, for example, are noticeably delayed compared to cable TV broadcasts .
Persons: , Katie Notopoulos, David Jensen, Nathan McAlone, it's, Ashley Rodriguez, Peter Kafka, BI's, Peter, Nathan, Ashley —, We've, Ashley, Fox, Rick Wilking, Reuters Leon Cooperman, Marc Rubinstein, Yi Huiman, Xi Jinping, Jordan Hart, It's, Justin Metz, Blackstone, Bob Iger, Donald Trump, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, ESPN, Warner Bros, Fox, ESPN2, ABC, FOX, Peter : Media, Nathan, Warner Bros ., NFL, Cable, Comcast, Paramount, Reuters, Signature Bank, New York Community Bancorp, Securities, Commission, that's, Apple Vision, Microsoft, BI, of Foreign Labor, Apollo, KKR, Bain Capital, Disney, Epic Games, ConocoPhillips, US Locations: New, China, Beijing, New York, London
Ford will spend more on mass-market EVs, its CEO said Tuesday. "The ultimate competition is going to be the affordable Tesla," Jim Farley told analysts. Elon Musk's company plans to launch its own cheaper EV, dubbed the "Model 2." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFord is planning to spend more on developing mass-market electric vehicles, CEO Jim Farley said Tuesday, in a move that could result in a rival to Tesla 's long-awaited "Model 2".
Persons: Ford, Jim Farley, Elon, , Tesla, Farley Organizations: Elon Musk's, Service, Business
Adam Neumann is trying to buy back WeWork, the now-bankrupt company he cofounded. He's being aided by lawyer Alex Spiro, who helped Elon Musk take over Twitter in 2022. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdam Neumann is trying to buy back WeWork – with the help of a lawyer close to Elon Musk.
Persons: Adam Neumann, He's, Alex Spiro, Elon Musk, Jay, Megan Thee, , Neumann, Quinn Emanuel Urquhart, Sullivan who's, Musk, Spiro, Quin Emanuel, Tesla, Vernon Unsworth, Randeep Hothi, Jeanine Zalduendo, Zalduendo, Bobby Shmurda, Robert Kraft, Dinesh D'Souza, Thabo Sefolosha Organizations: Twitter, Service, New York Times, Bloomberg, Bloomberg Law, SpaceX, Securities and Exchange Commission, JPMorgan Chase, New England Patriots Locations: British, Alameda County, Los Angeles
The big storyCareer makersInflection AI, Maven, Forage, The GrandWhich startup would you recommend a friend or family member should work at? That was the prompt for Business Insider's VC and startups team as it compiled a list of early-stage companies to bet your career on . The list doesn't have specific parameters, Leena Rao, the deputy editor of BI's VC and startups team, told me. With so much money pouring into AI startups, founders' attention will naturally be drawn to the tech when thinking about their next project. Meanwhile, the volatility among startups comes at a time of broader instability for the tech industry.
Persons: , Elon Musk, Taylor Swift, Leena Rao, Maven, Alyssa Powell, Ben Bergman, there's, Moody's, Paul Tudor Jones, We've, Jenny Chang, Rodriguez, OpenAI, Samantha Stokes, Andrea Chronopoulos, Bob Iger, Lachlan Murdoch, David Zaslav, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, Business Insider's, Big Tech, Meta, Flagstar Bank, Facebook, YouTube, Google, BI, ESPN, Warner Bros, Fox, Walt Disney Company Locations: NYCB, New York, London
Boeing workers could strike if they don't get a 40% pay rise over the next three to four years. But we're willing to do it," union leader Jon Holden told Bloomberg. Boeing is already reeling from a structural blowout grounding an Alaska Airlines 737 Max last month. AdvertisementUnion leaders say Boeing workers are willing to strike if they're not offered huge pay rises. AdvertisementThe move comes as Boeing reels from a blowout on an Alaska Airlines 737 Max plane last month.
Persons: Jon Holden, Max, , they're, Dave Calhoun, Scott Kirby, United, Holden Organizations: Bloomberg, Boeing, Alaska Airlines, Service, International Association of Machinists, Aerospace Workers, Max, CNBC, IAM, Business Locations: Alaska, Seattle, Detroit
Chinese investors are worrying about November's presidential election, according to Goldman Sachs. Donald Trump has signaled he'd impose tariffs of more than 60% on Chinese imports if elected. Local investors are also fretting about China's faltering economy, Goldman Sachs found. AdvertisementChinese investors aren't just worried about China's faltering economy — they're also fretting about Donald Trump's potential return to the White House, according to Goldman Sachs. On Sunday, he told Fox News that he'd impose tariffs of more than 60% on Chinese goods.
Persons: Goldman Sachs, Donald Trump, , aren't, — they're, Donald Trump's, who's, Maggie Wei, Trump, they've, that's, Hong Organizations: Service, White, Republican, Trump, Fox News, Washington Post, CSI Locations: Beijing, China, Hong Kong, Washington
That could be a sign that workers feel less confident about the state of the labor market. AdvertisementFriday's blowout jobs report confirmed the labor market is still holding firm, but one often-ignored statistic could signal a looming slowdown. "The second straight 2.2% quits rate — just below the pre-Covid level — is more important, because it clearly signals slower wage gains." "All that air is coming out of the labor market, even though hiring remains strong." "The job market is steadily returning to its pre-pandemic self," Morningstar's Preston Caldwell said in a research note.
Persons: , José Torres, Ian Shepherdson, Philipp Carlsson, Szlezak, Optimists, Morningstar's Preston Caldwell Organizations: Service, of Labor Statistics, Macroeconomics, Bureau of Labor Statistics, Boston Consulting Group, Business, eBay, Los Angeles Times
Stadium events are giving US cities a huge economic boost, according to Bank of America. In a research note, the bank compared two Taylor Swift concerts to Super Bowl LVII. The Federal Reserve has also highlighted the "Eras Tour" for boosting consumer spending. AdvertisementIf your city can't host the Super Bowl, Taylor Swift coming to town might be the next best thing. That's according to Bank of America, compared the economic impact of football's flagship game with the pop superstar's "Eras Tour" in a new research report .
Persons: Taylor Swift, , Taylor Bowley, David Tinsley Organizations: Bank of America, Federal, Service, Pittsburgh, Business
Carlyle Group cofounder David Rubenstein is fronting a group buying the Baltimore Orioles, reports say. Fellow private equity billionaire Michael Arougheti is also expected to be involved in the deal. AdvertisementFamed private equity investor David Rubenstein is reportedly planning to buy the Baltimore Orioles. Puck broke the news Tuesday that the Carlyle Group cofounder and Baltimore native is fronting a group expected to take a 40% stake in the Major League Baseball franchise. AdvertisementThe Orioles are owned by the Angelos family, who bought the MLB franchise in 1993.
Persons: David Rubenstein, Angelos, Puck, Michael Arougheti, , Cal Ripken, Jr, Rubenstein, he'll, Peter Angelos, John, Carlyle, Josh Harris Organizations: Carlyle, Baltimore Orioles, Major League Baseball, Service, Carlyle Group, Baltimore, Ares Management, Orioles, MLB, Financial, National Basketball Association, Apollo Global, National Football League's
The International Monetary Fund raised its 2024 forecast for Russia's economy. AdvertisementVladimir Putin's ongoing war with Ukraine is boosting Russia's economy, the International Monetary Fund said. In an update to its World Economic Outlook issued Tuesday, the IMF raised its 2024 growth forecast for Russia from 1.1% to 2.6%. The IMF flagged Russia's high military spending as one factor powering growth. Russia's tight labor market has also helped boost the economy by pushing up wages and consumer spending, according to the IMF.
Persons: , Vladimir Putin's, Dmitry Peskov, Pierre, Olivier Gourrinchas Organizations: Monetary Fund, Service, International Monetary Fund, IMF, Russia Locations: Ukraine, Russia, Moscow, China, India, Brazil
With the Year of the Dragon less than two weeks away, China's economy wobbled again on Monday. Fragile growthIn late 2022, China's Communist Party finally called time on its harsh zero-COVID measures — but the economy hasn't enjoyed the post-lockdown rebound many forecasters had predicted. DeflationFalling prices are another source of China's economic woes. AdvertisementNone of that speaks to a dedication to the free market — so China will likely keep struggling to attract more foreign investment in 2024. The sell-off reflects investor concern about the economy's overall health, as well as Chinese tech companies falling behind their US rivals in the development of AI.
Persons: wobbled, Linda Chan, Evergrande, Liquidators, hasn't, they'll, Li Qiang, John Kerry, Janet Yellen, Elon Musk, Xi Organizations: Hong, Business, China's Communist Party, World Bank, Tesla, Communist Party, Bain, Co, Big Tech, CSI Locations: Hong Kong, Evergrande, Beijing, China, Japan, Shanghai
NEW YORK (AP) — The songwriters who gave us “Your Song,” “Tiny Dancer” and “Rocket Man” will add to their stuffed awards shelf later this year when Elton John and Bernie Taupin are awarded the Gershwin Prize. “Elton John and Bernie Taupin have written some of the most memorable songs of our lives. Taupin and John were inducted into the Songwriters Hall of Fame in 1992. In 2023, John inducted Taupin into the Rock & Roll Hall of Fame. John this month achieved EGOT status after winning an Emmy for "Elton John Live: Farewell from Dodger Stadium.”
Persons: , Dancer ”, Elton John, Bernie Taupin, Gershwin, John, Taupin, “ Elton John, Carla Hayden, “ Bennie, ” John, George, Ira Gershwin, ” Taupin, Ira, John’s George Gershwin, Marilyn Monroe —, Diana —, Stevie Wonder, Paul McCartney, Billy Joel, Willie Nelson, Smokey Robinson, Tony Bennett, Lionel Richie, Joni Mitchell, Emilio, Gloria Estefan, Garth Brooks, “ I’ve, Bernie, Organizations: Congress, Washington , D.C, PBS, Jets, Jazz, Songwriters Hall of Fame, Roll Hall of Fame, Dodger, Locations: Washington ,
Nine years ago, Joni Mitchell fans wondered if they might ever hear her perform again, after Mitchell — the Canadian singer-songwriter and icon of the folk movement — had an aneurysm that initially left her unable to speak. But in recent years she has made a gradual recovery, and in 2022 she surprised the music world with a performance at the Newport Folk Festival. And on Sunday, at age 80, Mitchell is set to perform at the Grammy Awards for the first time. Show organizers offered no details about her appearance, including whether she is expected to play solo or with guests. “To hear Mitchell hit certain notes again in that inimitable voice was like glimpsing, in the wild, a magnificent bird long feared to have gone extinct.”
Persons: Joni Mitchell, Mitchell —, , Mitchell, “ Joni Mitchell, Brandi Carlile, Wynonna Judd, Marcus Mumford, George Gershwin’s, Carlile —, ” Lindsay Zoladz, Organizations: Newport Folk, The New York Times Locations: Newport, , George
The US economy may be about to relive the "roaring '20s," according to Ed Yardeni. "We're in the early stages of a productivity growth boom," the veteran strategist told Bloomberg. His comments come with the economy expanding at a stronger-than-expected pace and the S&P 500 trading at an all-time high. AdvertisementVeteran market strategist Ed Yardeni thinks the US economy might be about to relive the "roaring '20s". I think we've got a technology revolution that started in the 1990s… every company is a technology company.
Persons: Ed Yardeni, Bloomberg, , Merryn, he's, We've, we've Organizations: Service, Yardeni, Bloomberg, UBS Locations: Swiss
Paul Krugman believes the outlook for the US economy is better than a "Goldilocks" scenario. Krugman's comments came after Bureau of Economic Analysis data showed that the US's GDP rose by a better-than-expected 3.3% over the final quarter of 2024. AdvertisementThe US economy isn't just headed for a so-called "Goldilocks" scenario – things are looking even better than that, according to Paul Krugman. "This is not a Goldilocks economy," the Nobel Prize-winning economist wrote on X Thursday, referring to a situation where growth, inflation, and unemployment are all at levels that look "just right". "We have an economy that is both satisfyingly hot (GDP) and refreshingly cold (inflation)."
Persons: Paul Krugman, Krugman's, , Krugman, Joe Biden, JPMorgan Chase, Jamie Dimon, Steve Hanke, David Rosenberg, Hanke, Rosenberg, it'd Organizations: Service, Bureau, Federal Reserve, JPMorgan, Fox Business
Luka Doncic and Devin Booker went on another NBA scoring spree on Friday night, making this a week like none other in league history. “I mean, you have some amazing players, man," Doncic said Friday when asked about the recent run of great scoring performances. Chamberlain scored 100 on March 2, 1962; Bryant scored 81 on Jan. 18, 2006; Chamberlain had 78 on Dec. 8, 1961. And now, Doncic has joined their echelon, his 73 tying Thompson and Chamberlain (who did it twice) for fourth-most in an NBA game. Leaguewide, NBA teams are averaging about 116 points per game this season — the highest rate in the league since the 1969-70 season.
Persons: Luka Doncic, Devin Booker, Doncic, , Booker, Joel Embiid, Karl, Anthony Towns, David Thompson, George Gervin, Chamberlain, Kobe Bryant, Bryant, Thompson, ” Doncic, Jason Kidd, David Robinson, ” Kidd, — Embiid, Kevin Love, , ” Booker, Frank Vogel, He'll, Jerry West, Milwaukee’s Giannis Antetokounmpo, haven't, Leaguewide, Charles Odum, ___ Organizations: Dallas, Phoenix Suns, Philadelphia, Minnesota, NBA, Kobe Bryant —, Los Angeles Lakers, Dallas ’, Atlanta, ” Mavericks, Elgin Baylor, Boston, Suns, Indiana, Washington, Portland, ” Suns, Lakers, Philadelphia Warriors, Warriors, Doncic, Baylor, AP Locations: Embiid, Dallas, , Towns, West, Atlanta
County lawyers had urged approval of the settlement in a letter to the board, the station said. In 2020, it won a five-year, $2.9 million contract with LA County for software to track election worker schedules, training, payroll and communications. Yu sued the county, alleging that District Attorney George Gascón had targeted him based on allegations of conspiracy theorists and election deniers. “Plaintiffs alleged Mr. Yu’s arrest and the seizure of Konnech’s property was without probable cause and a violation of Mr. Yu’s civil rights causing damage to Konnech’s business and Mr. Yu’s reputation,” according to the letter by the county lawyers. In legal filings for the lawsuit, Yu noted that Los Angeles County continues to use Konnech's services and is, in fact, its largest customer.
Persons: Eugene Yu of, Konnech, Yu, George Gascón, wasn't, Dean Z, , Mr, Gregg Phillips Organizations: ANGELES, Konnech Corp, LA, LA County, Attorney's Office, Associated Press, Attorney's, Chinese Communist Party, New York Times, Attorney’s Locations: Los Angeles County, Eugene Yu of Michigan, East Lansing , Michigan, Michigan, United States, China, Angeles, North America
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBank OZK CEO: 2023 was 'business as usual' despite turmoil in the industryGeorge Gleason, Bank OZK CEO, joins 'Money Movers' to discuss whether the regional banks are now active in the loan business, how cautious Gleason is for commercial real estate or construction loans, and more.
Persons: George Gleason, Gleason Organizations: Bank, Bank OZK
Read previewBlue-chip US stocks are trading at record levels – but small caps are still feeling the pain. That means the widely-followed gauge is technically still in a bear market, with high interest rates hammering lower-market-cap stocks even as AI powers the "Magnificent Seven" Big Tech titans to massive gains. "40% of Russell 2000 companies lose money, so these are companies that rely on credit to stay afloat." But the Russell 2000 is still in a bear market," he added. Economic bellwetherThe Russell 2000 isn't just a gauge of smaller-cap stock prices – it's also an economic bellwether.
Persons: , Russell, they've, Ronald Temple, Lazard, Charles, Henry Monchau, That's, isn't, it's, JPMorgan Chase, Jamie Dimon, Steve Hanke, David Rosenberg, Hanke, Rosenberg, it'd Organizations: Service, Business, Big Tech titans, Federal Reserve, Facebook, Big Tech, Microsoft, Nvidia, Syz, LinkedIn, JPMorgan Locations: Swiss
The oeuvre of director Norman Jewison, who died this past weekend at the age of 97, can’t be simply categorized. Here are some films of his available to stream, no matter your mood. Without telling his wife, Judy Kimball (Day), George goes about trying to make sure she is set for when he dies, including finding her a new man to marry when he’s gone. It’s a classically zany rom-com from the era, but the film also shows Day and Hudson at their most vulnerable as they untangle all these complications. It’s a sign of what was to come from Jewison, who always found the emotional core of his characters and allowed actors to do some of their best work.
Persons: Norman Jewison, can’t, Thomas, Jewison, Doris Day, Hudson, George Kimball, Judy Kimball, George, he’s Organizations: Universal Locations: Hollywood, Hudson, Jewison
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