Econ World Podcast: 'Shadow Fed chair'
The world's most important central bank is at the center of a succession drama. Host Carmel Crimmins talks to Dan Burns, Americas economics editor, and Federal Reserve correspondent Howard Schneider about the possibility of a central banker in-waiting, and what that would mean for the global economy. *This podcast was updated to fix a missed question by Carmel at the 17:40 minute mark.
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20 minutes ago
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CNN darling Kaitlan Collins taunts haters after buying exorbitant Nantucket summer house
CNN star Kaitlan Collins taunted her haters after posting a series of images of her enjoying her Nantucket summer house over the weekend. Earlier this month, it was rumored that Collins, 33, purchased a 'very expensive' vacation home in the expensive and beloved getaway spot favored by the wealthy. On Sunday, the chief White House correspondent, shared a carousal of photos on her Instagram of her soaking up the sun with friends. She captioned the post: 'Some non-White House related content,' as she appeared to explore the quaint town, spend time on the beach, and enjoy a little wine with her girlfriends on the patio. News of her latest purchase didn't quite sit well with her co-workers at the struggling news network, as they were said to be less than thrilled about it. 'She just bought some bougie place and CNN people are grossed out that she paid so much,' an anonymous source previously told Page Six. They also described The Source with Kaitlan Collins host as 'way overpaid' and said the property was 'very expensive,' although they did not specify the price or how they knew. The average home price on the ritzy Massachusetts island was roughly $4.5 million as of May 2025, according to Collins' new purchase means she could be enjoying her summer surrounded by the likes of Tommy Hilfiger and Dave Portnoy, who both own multimillion-dollar Nantucket homes. The turmoil over Collins' lavish new island getaway came as an anonymous source told Fox News there are 'tears on the horizon' for the left-leaning news network. Warner Bros. Discovery's shock split into two distinctive companies is a sign the jobs and hefty salaries of CNN's top talent are on the line, media insiders have warned. The media giant announced last month it will halve into two publicly traded entities — Streaming & Studios and Global Networks — by mid-2026. Streaming & Studios' domain will be Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios, HBO, and HBO Max. Global Networks, on the other hand, will be news focused, assuming CNN, TNT Sports and Discovery, among other programming. CEO David Zaslav will take on the leading role of the Streaming & Studios company, while CFO Gunnar Wiedenfels will become the President of Global Networks. This dramatic move could be detrimental to CNN, which is already grappling with plummeting ratings. News of her latest purchase didn't quite sit well with her co-workers at the struggling news network, as they were said to be less than thrilled about it 'Inevitably, Gunnar will look at CNN and decide he can maintain relatively similar profits at a mere fraction of the cost,' Dylan Byers, a former CNN reporter who now works for Puck, wrote in an opinion piece. 'This will have perceptible ramifications on the talent side. Why, for instance, would Gunnar pay Anderson Cooper $18 million a year when Kaitlan Collins draws the same ratings at roughly a fifth of the salary?' The source familiar with the state of CNN shared their take on the matter with Fox News. They believe 'bean counter' Wiedenfels will go after high-salaried stars, going against the precedent set by former CNN boss Jeff Zucker, who was forced out before the 2022 merger. 'It's not just the overpriced talent. It's the overpriced producers. The overpriced executives. The superfluous reporters who barely are on the air,' the source said. 'All will either be exited or forced to take massive pay cuts.' Zucker was allegedly known for overpaying talent to keep them loyal to him, Fox reported. The result - CNN's first and second-tier talent now earn roughly five times what they are worth, the insider alleged. While Cooper earns an estimated $18 million every year, Jake Tapper, who hosts The Lead with Jake Tapper, brings in roughly $7 million a year.
Daily Mail
23 minutes ago
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Trump's next round of DOGE cuts
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Starbucks finally reveals its secret menu once and for all
Starbucks has finally pulled back the curtain on its new secret menu. The drinks giant unveiled four new drinks on Monday, freshening up its summer offerings. The drinks, which until now had remained a carefully guarded secret, are available on the Starbucks app's 'offers' tab. Starbucks lovers will be delighted that the four drink slots will rotate with new customizations throughout the season, the coffee chain confirmed. The first four new menu items include a blended Refresher, iced tea with popping pearls, cookie crumble-topped coffee and a chocolate shaken espresso. The cookie crumble selection is a cold brew with two pumps of vanilla syrup, topped with Vanilla Sweet Cream Cold Foam and cookie crumbles. The new shaken espresso includes two pumps of white chocolate mocha sauce to an Iced Brown Sugar Oatmilk Shaken Espresso. The drink is then topped off with Vanilla Sweet Cream Cold Foam. The latest refresher flavor is Mango Dragonfruit Lemonade with peach juice, also topped with Vanilla Sweet Cream Cold Foam. Finally fans can get their hands on a blend of black tea and lemonade accompanied by raspberry popping pearls. The secret menu is inspired by customers' own concoctions and fans are encouraged to submit their own customizations. If their beverage combination is selected for inclusion in the secret menu they will be rewarded with a cash prize. The next round of submissions is now open until July 20. Finalists will receive a $5,000 cash prize and their creations will be available on the secret menu from August 18 to August 25. After consumers have had a chance to trial all the secret menu drinks a final vote will take place for the best drink. This overall winner will claim a $25,000 grand prize. Starbucks recently announced its biggest hiring spree in history with plans to add 85,000 workers across its 17,000 US locations. The new hires will be expected to support Starbucks' efforts to bring back a more personal touch — including a new policy asking baristas to handwrite notes on customers' cups. Customers have grown weary of waiting 20 minutes for a drink, with many walking away from the chain entirely. Soaring prices and what critics call a 'soulless' in-store experience have only added to the exodus — helping drive a sharp drop in sales.
