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Oura CEO Tom Hale reveals the two activities the smart rings often mistake for sex.⁠⁠At the link in our bio, Hale discusses the new 40% smaller Oura Ring 5, health anxiety, and the activities Oura users want tracked most.⁠⁠Photo: Alex Hotz by @wsj
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This month’s opening of the Obama Presidential Center is arguably the biggest investment in Chicago’s South Side in more than a century.⁠⁠The 19.3-acre campus, built at a cost of about $850 million, is expected to attract approximately 700,000 visitors annually. Former President Barack Obama—and many Chicagoans—hope it becomes an engine for an economically challenged part of the city where he began his political career as a community organizer and state senator.⁠⁠The project has faced plenty of challenges. It was initially projected to cost around $300 million and took roughly five years longer than originally planned to build, after preservationists slowed construction in court and the pandemic brought delays.⁠⁠The complex will host a June 18 opening ceremony that is expected to draw most of the nation’s past living presidents, before opening to the public the following day.⁠⁠At the link in our bio, see the museum as well as the broader campus commemorating the 44th president.⁠⁠📷: @vanessaivaladez for @wsjphotos by @wsj
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KFC CEO Scott Mezvinsky says ambition starts at the top. The fried-chicken boss tells WSJ that leaders must make their employees a little uncomfortable to drive results.⁠⁠Host/Producer: @juliamunslow ⁠Producer: Claire Hogan⁠⁠Photo: Claire Hogan/WSJ by @wsj
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Emotions were running high again at CBS News.⁠⁠Longtime “60 Minutes” correspondent Scott Pelley had delivered a rebuke of CBS News Editor in Chief Bari Weiss at a staff meeting Monday, accusing her of “murdering” the storied news show. He also criticized her choice of Nick Bilton as a new executive producer.⁠⁠In the hours after his remarks, Weiss and other senior leaders debated how to proceed, people familiar with the matter said. The executives believed Pelley’s behavior was insubordinate and a fireable offense, but decided to speak with him to discuss his future at the network.⁠⁠The fraught circumstances of Pelley’s departure illustrate a broader moment of crisis within CBS News and its signature show. “60 Minutes” correspondents who departed recently have accused the network of making editorial decisions for political purposes as Paramount works to close its high-stakes deal to acquire rival media company Warner Bros. Discovery.⁠⁠A CBS spokesman said there is “no political interference at CBS News, not from ownership, not from Bari Weiss” and it is common for there to be a back-and-forth between editors and correspondents.⁠⁠Hours after what turned into a tense exchange, Pelley was fired for cause. The situation has escalated so much that Pelley and the network are even at odds about what actually happened during the meeting.⁠⁠On the network’s 9 a.m. editorial call Wednesday, Weiss addressed Pelley’s firing. “I’m only interested in working in a newsroom that is built on trust and mutual respect,” she said, according to a recording of her remarks reviewed by the Journal. Management had tried to engage with Pelley “to find a way back,” but couldn’t do so and had to part ways with him, she said.⁠⁠Pelley said Wednesday that executives didn’t offer suggestions that could lead to a resolution and were “openly hostile” from the start of their meeting the prior evening. Pelley called Weiss’s comments at the morning staff meeting misleading.⁠⁠Read more at the link in our bio.⁠⁠Photo illustration: Emil Lendof/WSJ; Catalina Kulczar for WSJ, Getty Images, CBS by @wsj
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When Karishma Swali first stepped into her father’s atelier as a child in Mumbai, Indian classical music filled the room as textile artists worked together in silence. Just as the music had its maestros, her father told her, their embroiderers were masters, too.⁠⁠“I remember feeling such a reverence for them,” she says. Her father, Vinod Shah, founded Chanakya International textile house in 1984, which has worked with over 30 of the top luxury houses, including Christian Dior, Prada, Gucci and Schiaparelli. ⁠⁠Swali has worked at Chanakya for more than 30 years and has been the managing and creative director for over two decades. She oversees a workforce of around 2,400 artisans and founded the Chanakya School of Craft, where she trains the next generation of embroiderers to keep more than 5,000 years of cultural heritage alive. In recent years, Swali has showcased Chanakya’s artwork at the Venice Biennale and the Vatican Library in Rome. With her daughter, Avantika, she recently launched Chorus, an atelier that offers ready-to-wear products.⁠⁠Read the full story at the link in bio or on wsj.com.⁠⁠Written by @xaviertywang⁠Photos: @prarthnasingh by @wsj
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For more than two decades, the New York Knicks searched every corner of the basketball world for their savior.⁠⁠In the long drought since their last trip to the NBA Finals, back in 1999, the Knicks tried in vain to lure the greatest players on the planet to Madison Square Garden. Every summer, New York fans were sure that this was the year LeBron James or Kevin Durant would move to Manhattan and finally carry the Knicks into the 21st century.⁠⁠But absolutely nothing worked. The superstars the Knicks wanted always shot them down, and the backup plans they settled for never delivered. Over a stretch of 22 dismal years, New Yorkers were born, graduated from school and entered the workforce—while the Knicks managed to win just a single playoff series.⁠⁠Then, one day in July 2022, the Knicks signed an undersized point guard named Jalen Brunson to a relatively paltry $104 million contract.⁠⁠What nobody knew at the time was that the Knicks had just hit one of the biggest bargains in sports history—and the reason they would return to the Finals for the first time this century.⁠⁠From the day he put on a Knicks uniform, the 6-foot-2 Brunson has cemented himself as one of the NBA’s biggest stars and most coldblooded performers when it matters most, carrying the franchise to the top of the league for the first time in a generation. In the four years since he put on the orange-and-blue jersey, Brunson has led the entire league in fourth-quarter scoring in the playoffs, outpacing the next-most-clutch performer by more than 100 points.⁠⁠Read more at the link in our bio.⁠⁠Photo: Sarah Stier/Getty Images by @wsj
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Real-estate mogul Fernando De Leon talks shop with his kids at the dinner table.⁠⁠At the link in our bio, the billionaire founder of Leon Capital Group talks about investments in unglamorous businesses, career-defining bets during the financial crisis, and why he still sometimes balks at his dry-cleaning bill.⁠⁠Producer: @n1kkiwalker by @wsj
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On a drizzly morning, a dozen of the wealthiest kids in the world convene in an Austin Airbnb to consider a question: “Why do you think it is your parents want you to work?”⁠⁠Certainly, none of the kids in this room need to. Packed onto a motley assortment of couches and chairs, the group of college students and 20-somethings come from families worth a collective $7 billion. ⁠⁠Still, their responses come back rapid-fire: “Their money isn’t my money.” “To learn the value of a dollar.” “It gives you purpose.” ⁠⁠The last answer to the question is spot-on, according to the speaker, wealth coach Michael Cole, a founder of a peer-membership group for families worth at least $100 million called R360, which is running the retreat. ⁠⁠Employment signals purpose to the kids’ parents, Cole says. But then he delivers the hard truth: It will be nearly impossible for them to create the kind of fortune their parents have. ⁠⁠“So why not change the rules of the scorecard?” he asks, urging them to think of ways they can be “wealth re-creators.” Consider adding value to their families or to society in nonfinancial ways, he says. “They’ve created wealth. Now it’s a question of, What do you do to make wealth meaningful?”⁠⁠Read the full article at the link in bio or on wsj.com.⁠⁠Written by Juliet Chung⁠Photo: @elizabetharvelos by @wsj
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Jill Biden knows people are mad about her new book.⁠⁠They’re mad that she’s only now disclosing that she thought her husband, former President Joe Biden, was having a stroke during his debate against Donald Trump. They’re mad that she publicly praised his debate performance after the fact—“You answered every question! You knew all the facts!”—even though she privately agreed with Joe’s assessment that he had “f—d up.” They’re mad that this book exists at all, picking at Democrats’ scabs from the 2024 presidential election.⁠⁠Few know the full extent of what the former first lady discloses in the book. “I was—I am—a political spouse,” Jill says, “but it wasn’t [told] through that lens.”⁠⁠And yet, some may struggle to see it through any other. The book is the first accounting of the Biden administration from the person closest to the president himself. It tells us things we never knew, such as the fact that Jill supported the notion that Joe, now 83, should take a cognitive test, because she thought he could pass it.⁠⁠She also takes us back to July 20, 2024, when President Biden, huddled with his top advisers at the family’s vacation home in Rehoboth Beach, Del., wondered whether he should drop out of the presidential race. From the porch that afternoon, Biden called his wife to join him.⁠⁠“He said, you know, ‘What do you think, Jill? What do you think?’” she recalls. “I said, ‘No, Joe, I’m not giving you my opinion. This is a decision you have to make for yourself.’”⁠⁠This, she says, is how decisions work in the Biden household—despite being one of her husband’s closest advisers, someone who sat in on key political strategy meetings and the vetting of his vice presidential candidates. “I’ve always let Joe steer his own ship, as he has always let me steer mine,” she writes.⁠⁠She was adamant that she would support him, no matter his decision. She was adamant that he was up for the job. And yet, in the book she voices doubts.⁠⁠“Had he grown too old for the job and I hadn’t noticed?” she writes. “I didn’t think so, but could I be objective enough to be sure?”⁠⁠Read more at the link in our bio.⁠⁠📷: @gigilaub for @wsjmag by @wsj
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Here comes the Class of AI, the most AI-native group of graduates to enter the workforce—a cohort employers are already trying to figure out what to do with.⁠⁠They started college just a few months before ChatGPT splashed into the world. They’re leaving as AI rapidly shakes up the entry-level jobs that were once thought of as solid career launchpads.⁠⁠We asked new graduates from coast to coast how they utilized AI in their job search.⁠⁠Read more at the link in our bio.⁠⁠Host/Reporter: Farah Otero-Amad and Xavier Martinez⁠Producers: Gianna Barberia, Jacob Ohara and Jasmine Li by @wsj
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A battle royal has erupted among some of Miami’s most powerful economic players over a 10-acre parcel of land on Fisher Island, often dubbed the wealthiest ZIP Code in America.⁠⁠The list of people involved in the sprawling fight reads like a Who’s Who of Miami. It has drawn in Fisher Island’s residents, billionaire developers, cruise lines and county officials, and threatens to disrupt operations at one of the busiest cruise ports in the world.⁠⁠At the heart of the conflict lies a marine terminal on Fisher Island that for about a century has supplied fuel for cargo and cruise ships at PortMiami. A joint venture of developers and investors, including HRP Group, Related Group and Raycliff Capital, bought the property last year and floated plans to replace the fuel depot with new luxury condo towers.⁠⁠Many residents of Fisher Island, where the median list price is around $12 million, welcomed the move. They hoped it would rid them of what they consider both an eyesore and an environmental hazard. Cruise lines, however, panicked over the prospect of losing their fuel supply, which jolted Miami-Dade County into action. The county is trying to buy the land, while some of the parties spar in the courts.⁠⁠The dispute imperils the port, which generates $61 billion in economic activity annually for the region. It has prompted criticism of county officials who some say should have stepped in earlier to prevent the sale of the parcel in the first place.⁠⁠And it has inflamed tensions between Miami’s growing legion of wealthy residents and the workers and small-business owners who prop up the city’s economy but increasingly feel priced out. A recent protest by opponents of the Fisher Island condo plans featured a banner reading, “Miami Yes, Billionaires No.”⁠⁠Read more at the link in our bio.⁠⁠Photo: Cliff Hawkins/FIFA/Getty Images by @wsj
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After working all day as an operations director at a busy New England hospital, Catherine Clarke would lie awake at night wondering where she went wrong.⁠⁠Despite her $194,000 salary, Clarke’s Chase Sapphire credit-card balance had crept up to $15,000. She could afford the $572 monthly minimum, but with a 26% interest rate, it barely made a dent.⁠⁠Like many Americans, Clarke, who is 42 years old, was pushed to her financial limit by the one-two punch of inflation and the highest interest rates in decades. She avoided going out with friends to save money, and considered taking a second job as a receptionist at her gym. She imagined something terrible befalling her, and her parents discovering her mounting credit-card bills.⁠⁠“It felt very similar to a struggle with weight,” Clarke said. “It doesn’t happen overnight. It happens slowly, and then suddenly, you’re like ‘Oh, crap, my pants don’t fit.’”⁠⁠In the first quarter of this year, the percentage of credit-card balances that were at least 90 days delinquent rose to 13.12%, according to data released in May by the Federal Reserve Bank of New York. That’s the highest level in 15 years, and the most since the period following the 2008 financial crisis.⁠⁠Read more at the link in our bio.⁠⁠Photo Illustration: Alexandra Citrin-Safadi/WSJ⁠Photo: Leah Fishwick by @wsj
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