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☆ China retail sales, investment data miss expectations in April
▼ + stars: | 2024-05-17 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

BEIJING — China reported data Friday that pointed to slower growth on the consumer side while industrial activity remained robust. Retail sales rose by 2.3% in April from a year ago, the National Bureau of Statistics said. That was less than the 3.8% increase forecast by a Reuters poll, and slower than the 3.1% pace reported in March. But fixed asset investment rose by 4.2% for the first four months of the year, lower than the 4.6% expected increase. Statistics bureau spokeswoman Liu Aihua pointed out that last year, the multi-day May 1 Labor Day holiday had included two days in April.

Persons: Liu Aihua, Liu Organizations: National Bureau of Statistics, China's Ministry of Commerce, Labor, Statistics, Oxford Locations: Huai'an, China, BEIJING — China

☆ FLiRT variants threaten a summer Covid wave, but experts say the risk remains uncertain
▼ + stars: | 2024-05-17 | by ( Deidre Mcphillips | ) edition.cnn.com time to read: +7 min

FLiRT variants are offshoots of the JN.1 variant — all part of the broader Omicron family — that caused this winter’s wave. The mutations of the FLiRT variants make increased transmissibility — and a possible summer wave — a real threat. “We learned from the laboratories that FLiRT variants appeared, so far, to be as transmissible as the other Omicron subvariants, which means they’re really quite contagious. As of May 1, the requirement for all hospitals to report Covid-19 data to the federal government has expired. While the FLiRT variants pose some risk this summer, experts remain focused on what might happen in the fall.

Persons: CNN —, ”, Andy Pekosz, “ We’ve, William Schaffner, ” Schaffner, it’s, ” Pekosz, “, Dr, Sanjay Gupta, we’ve Organizations: CNN, US Centers for Disease Control, Data, Johns Hopkins Bloomberg School of Public Health, Vanderbilt University, Schaffner’s Vanderbilt University Medical Center, CDC, JAMA, CNN Health, JN, US Food Locations: United States, Covid

☆ China Says It Will Start Buying Apartments as Housing Slump Worsens
▼ + stars: | 2024-05-17 | by ( Alexandra Stevenson | ) www.nytimes.com time to read: 1 min

Chinese officials signaled their growing alarm over the country’s worsening real estate market on Friday, unveiling a plan to step in to buy up some of the vast housing stock and announcing even looser rules for mortgages. The flurry of activity came just hours after new economic data revealed that Chinese authorities are staring at a hard truth: No one wants to buy houses right now. Policymakers have tried dozens of measures to entice home buyers and reverse a steep decline in the housing market that has shown few signs of recovering soon. On Friday China’s vice premier, He Lifeng, indicated a shift in the government’s approach to dealing with a housing crisis that has prompted households to cut spending. He told policymakers that local governments could begin to buy homes to start dealing with the huge numbers of empty apartments.

Persons: Lifeng

The question for some of us is, why some people want to keep working decades beyond retirement age? CNN Opinion editor Stephanie Griffith asked seven people who are past the conventional retirement age why they are still at the job and got as many responses as there were respondents. They continue to work happily and productively, and were happy to explain to us how and why they do it. Over the years I’ve had to adapt frequently to the changing technology, which isn’t always easy for someone my age. That may be the secret of working well past the time society tells us we’re supposed to retire.

Persons: CNN —, Howard Tucker, Tucker, he’ll, ” Tucker, Joe Biden, Donald Trump —, Trump, ageist, Biden, Stephanie Griffith, Vincent, Austin Tucker, I’ve, isn’t, “, Taylor Taglianetti, Gayle Fleming, it’s, I’m, —, Gayle Fleming Michael Ventura, Biden —, Charles Simon, Ana Marie Forsythe, Alvin, Ana Marie Forsythe Kyle Froman, — Joyce Trisler —, Joyce, She’d, Lester Horton, Alvin Ailey, Ailey, Ailey School Martha Graham, José Limón, Horton, don’t, Marjorie Perces, Cheryl Bell, didn’t, Babette Coffey, you’ve, you’re, David A, I, Pamela S, Donald Trump, Maggie Mulqueen, Alan Steele, Joan Steinau Lester, ”, Carole Johnson, — I’m, Octogenarians Organizations: CNN, Records, Biden, Vincent Charity Medical Center, Case Western Reserve University, St, AI Society, Computer, MSNBC, Society, Alvin Ailey School, Dance Media, Juilliard, Ailey School, Alvin, Alvin Ailey American Dance, Vassar College, Ailey, Horton Department, The New York Times, CBS, American, French Legion of, Social Security, Twitter Locations: Ohio, St, Cleveland, one’s, Seattle , Washington, Cambridge , Massachusetts, West, Horton, New York City, ”, Brookline , Mass, drmaggiemulqueen.com

☆ CNBC's Inside India newsletter: What's next for India's regulators?
▼ + stars: | 2024-05-17 | by ( Ganesh Rao | ) www.cnbc.com time to read: +6 min

People stand in front of a Reserve Bank of India logo at the Global Fintech Fest in Mumbai, India, 5 September, 2023. Instead, there's been a flurry of activity this month at a number of regulators across India's financial system. That frightened bank investors and immediately knocked off more than 3% from the India Nifty PSU Bank index. "RBI has been tightening the screws," Rajeev Agrawal, hedge fund manager and managing partner at DoorDarshi India Fund, told CNBC's Inside India. We also had hedge fund manager Andrew Holland, who spoke on India's infrastructure projects and the outlook for the country's economy.

Persons: Niharika Kulkarni, there's, Nirmala Sitharaman, SEBI, Rajeev Agrawal, Agrawal, Shailendra Singh, India's, they've, Dinesh Kumar Khara, Andrew Holland, Sri Jegarajah Organizations: Reserve Bank of, Global, Securities and Exchange Board of India, Reserve Bank of India, Futures Industry Association, Bombay Stock Exchange, Reuters, India Nifty, DoorDarshi India Fund, Peak XV Partners, Sequoia Capital, CNBC, CNBC Pro, U.S ., State Bank of India, U.S . Federal Reserve, Center Locations: Reserve Bank of India, Mumbai, India, Sequoia, Sequoia Capital India, Southeast Asia, Maldives, Sri Lanka, Sri, Japan, Indian, Chennai

☆ Housing market: China unveils sweeping measures to rescue its crisis-hit property sector
▼ + stars: | 2024-05-17 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —China has unveiled wide-ranging measures to rescue its property sector, including asking local governments across the country to buy unsold homes from beleagured developers and easing rules on purchases. In a coordinated move, the People’s China of China (PBOC) announced that it will set up a nationwide program to provide 300 billion yuan ($41.5 billion) in loans to fund state purchases of unsold homes. The 300 billion yuan provided by the central bank could eventually underpin 500 billion yuan ($69 billion) worth of credit to support such purchases, she estimated. Expectations that Beijing was preparing a plan to have local governments across the country buy millions of unsold homes have successfully buoyed China stocks. On Friday, He also urged local governments to buy back or directly purchase land that has been sold to developers but not yet used.

Persons: Lifeng, Tao Ling, Larry Hu, ”, Société Générale Organizations: Hong Kong CNN, Communist, China Real Estate Business, Macquarie Group, Reuters, provident Locations: China, Hong Kong, Beijing

☆ Dollar set for weekly drop on U.S. slowdown signs
▼ + stars: | 2024-05-17 | by ( ) www.cnbc.com time to read: +2 min

The dollar headed for its largest weekly fall versus the euro in two-and-a-half months on Friday as signs of cooling inflation and a softening U.S. economy raised the prospect of rate cuts. The dollar headed for its largest weekly fall versus the euro in two-and-a-half months on Friday as signs of cooling inflation and a softening U.S. economy raised the prospect of rate cuts. The euro is up 0.9% on the dollar this week, has broken above resistance around $1.0855 and traded as high as $1.0895 in the wake of U.S. inflation posting a slowdown. "(Besides inflation) a lot of activity data has been cooling off," said Westpac strategist Imre Speizer, contributing to selling of the dollar. The New Zealand dollar was last steady at $0.6120 with traders looking ahead to next week's central bank meeting, where the official cash rate is expected to stay at 5.5%.

Persons: Imre Speizer, Sterling Organizations: Federal, Westpac, New, U.S, Aussie, New Zealand Locations: New Zealand

Given this outlook, the firm lifted its price target to $70 from $65, reflecting 24% upside from Thursday's close. — Samantha Subin 6:20 a.m.: Citi trims price target on Roblox, cites slower bookings growth Citi cut its price target on Roblox to $40 from $52 a share as the gaming platform grapples with a deceleration in bookings growth. "We are updating our model to account for 1Q24 results and our latest outlook," wrote analyst Jason Bazinet. For 2025, Citi now expects bookings growth of 14% versus 21%, or 4% below consensus. The firm expects bookings growth of 10% in 2026, which is 11% below consensus.

Persons: Macquarie, Jefferies, Reddit, Ronald Josey, OpenAI, Josey, – Samantha Subin, Mark McLaughlin, McLaughlin, — Samantha Subin, Jason Bazinet, DAUs, Bazinet, Craig Siegenthaler, Siegenthaler, Robinhood, — Fred Imbert, Morgan Stanley downgrades Baidu, Morgan Stanley, Gary Yu, Yu, Ellie Jiang, JD, Jiang, Laurence Alexander, Alexander Organizations: CNBC, DuPont, OpenAI, Bank of America, Citi, Baidu, Macquarie, Jefferies, DuPont de Nemours Locations: China, 3Q24, Robinhood, Underperform, Thursday's, JD.com

☆ Chinese shoppers are buying less than they used to, and it's contributing to a lopsided economic recovery
▼ + stars: | 2024-05-17 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

China's economy shows uneven recovery; industrial output rises, but retail sales slow. Factory activity beat expectations, but consumers are holding back, impacting retail sales growth. AdvertisementOn Friday, China released data showing an uneven economic recovery that's keeping consumers from spending. Factory activity cracked up, with industrial output rising 6.7% in April from a year ago, beating the 5.5% growth that analysts polled by Reuters had expected. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Service, Reuters, Business Locations: China

☆ Buckle up America: Powell says interest rates will likely stay higher for longer as inflation stubbornly refuses to come down
▼ + stars: | 2024-05-16 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +6 min

Read previewInflation and interest rates are still high, but Americans shouldn't count on any relief just yet. Advertisement"The status of the battle against inflation requires that interest rates remain elevated in the near-term," Hamrick said. "The first quarter in the United States was notable for its lack of further progress on inflation," Powell said during the panel. But while job seekers and workers may find this cooldown concerning, that moderation is also welcome and the labor market is still strong. "Paired with high borrowing costs — like high interest rates on your credit cards — and the current economy can feel quite uncomfortable," Renter added.

Persons: —, That's, Mark Hamrick, Hamrick, Jerome Powell, Powell, Joanne Hsu, Nick Bunker, Ted Rossman, Rossman, Elizabeth Renter, Renter, it's Organizations: Service, Federal Reserve, Bureau of Labor Statistics, CPI, Business, Federal, University of Michigan, North America Locations: Amsterdam, United States, —

☆ Opinion: In Trump Trial, Stormy Daniels testimony was revealing — about America
▼ + stars: | 2024-05-16 | by ( Opinion Danielle Campoamor | ) edition.cnn.com time to read: +6 min

For two days in Manhattan, Stephanie Gregory Clifford — better known as Stormy Daniels — detailed her connection to former President Donald Trump and alleged sexual encounter with him in 2006. But it matters that the media decided to erroneously describe a grown woman openly discussing an alleged sexual encounter with a grown man as obscene. The words used to characterize Daniels’ testimony evoke a feeling of inherent wrongness or dirtiness — and not on the part of the accused but of the woman who dared to speak up. While the Manhattan criminal case is not directly tied to Trump’s alleged encounter with Daniels, the details of their brief alleged tryst are crucial to the prosecution’s case. In a 2018 interview with CNN’s Anderson Cooper, she described her alleged sexual encounter with Trump as consensual.

Persons: Danielle Campoamor, Stephanie Gregory Clifford —, Stormy Daniels, Donald Trump, Danielle Campoamor Ashley Batz, Daniels, “, tawdry, Trump’s, Trump, Jean Carroll, —, Eric, ”, CNN’s Anderson Cooper, I’ve Organizations: NBC, CNN, Republican, Trump, Twitter, Facebook Locations: Manhattan, Nevada, ”

☆ Here are Thursday's biggest analyst calls: Nvidia, Netflix, Tesla, Intel, Robinhood & more
▼ + stars: | 2024-05-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Piper Sandler reiterates Nvidia as overweight Piper said it's sticking with its overweight rating heading into earnings next week. JPMorgan reiterates Netflix as overweight JPMorgan said it's sticking with its overweight rating following Netflix's upfront advertising presentation. Our price target moves to $340, reflecting channel commentary and recent multiple appreciation." JMP reiterates Robinhood as market outperform JMP said it's sticking with its market outperform on the stock trading company. "We are upgrading Wayfair Inc. to BUY from HOLD, with a price target of $83."

Persons: Piper Sandler, Piper, NVDA, Blackwell, Wolfe, underperform Wolfe, Houghton, it's, Truist, JMP, Goldman Sachs, Goldman, Dell, DELL, Wells, Jack, Tesla, Raymond James, Wolfe Alpha, SharkNinja, Argus Organizations: Citi, Nvidia, JPMorgan, Netflix, Intel, Energy, Networks, FedEx, UBS, Texas, RBC, Holdings, Devices, Alpha, AMD, " Bank of America, Bank of America, of America, Wayfair Inc Locations: 2H25, Asia, China

☆ Some data in the market-moving CPI report was released early by the Labor Department
▼ + stars: | 2024-05-16 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Information about Wednesday's critical consumer price index release circulated early on the Bureau of Labor Statistics website, according to a statement from the agency. The statement provided few details but noted that the Labor Department agency has notified the Office of Management and Budget and the department's Office of the Inspector General. There was no other information provided concerning the early release of the CPI, a key inflation indicator that showed another increase in April, though slightly less than what the Wall Street consensus had anticipated. ET release, though there was little unusual activity in the half-hour prior, indicating that the early release was not widely seen and did not materially impact trading. Core inflation, which excludes food and energy, ran at a 0.3% rate monthly rate and 3.6% annually, the lowest since April 2022.

Persons: Wednesday's, Peter Boockvar, Trump, Boockvar, Stocks Organizations: Bureau of Labor Statistics, BLS, Labor Department, Management, Budget, CPI, Bleakley Locations: Washington

☆ ‘They have crossed a line’: Australian university orders pro-Palestinian protesters to vacate building
▼ + stars: | 2024-05-16 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +6 min

Brisbane, Australia CNN —Pro-Palestinian protesters occupying a building at the University of Melbourne have been told to leave by university officials, who say they’ve “crossed a line” by entering the building and disrupting class for thousands of students. Martin Keep/AFP/Getty ImagesOn the video, protesters said they wouldn’t leave until the university responded to their demands, which include divesting from weapons companies and condemning Israel’s actions in Gaza. The University of Melbourne says student protesters "crossed a line" by occupying the building. Meanwhile, at least seven student protesters at Australian National University (ANU) in Canberra have received letters from the university telling them to leave the site by the end of Friday. In his video message distributed by the University of Melbourne, Wesley called on protesters to “peacefully end the occupation.”“Red lines have been crossed,” he said.

Persons: ”, Michael Wesley, “, Dana Alshaer, Mahmoud Alnaouq, Pip Nicholson, Martin, hadn’t, Alshaer, they’d, Jasmine Duff, for Palestine Victoria, Nick Reich, Wesley Organizations: Australia CNN — Pro, University of Melbourne, “, Arts West, ”, of Melbourne, Victoria Police, Hamas, Getty, Protesters, Deakin University, CNN, for Palestine, Australian National University, ANU, University Locations: Brisbane, Australia, Israel, UniMelb, Palestine, Gaza, Melbourne, Canberra, “

☆ Rishi Sunak has a new target: Sex education
▼ + stars: | 2024-05-16 | by ( Rob Picheta | ) edition.cnn.com time to read: +7 min

Ben Birchall/PA‘Utterly disgraceful’The new draft guidance from the government, published Thursday, takes aim at the way sex and relationships are taught to English children in both primary and secondary schools. Under the new approach, children can’t be taught sex education before the age of nine, while “explicit discussion of sexual activity” will be delayed until children are 13. Gender identity, or the fact that people can change gender, is meanwhile “highly contested and should not be taught” at all, according to the Department of Education. But education specialists worry that school pupils have become the latest victim of that push. “But when a political ideology comes into it, it becomes more difficult for the whole of the education world to move behind it,” he added.

Persons: Rishi Sunak’s, “, –, Sunak’s, Pepe Di’lasio, ”, ” Di’lasio, Ben Birchall, can’t, ” Paul Whiteman, Di’lasio, Sam Freedman, Britain’s, Gillian Keegan, Keir Starmer, Jane Barlow, Sunak, Brianna Ghey, ” Whiteman, Keegan, it’s, we’ve, we’re Organizations: CNN, Association of School and College Leaders, Department of Education, National Association of Head Teachers, Institute, Government, The Sun, Labour, BBC Locations: England’s, England, Starmer

☆ Many Indian stocks are in a 'bubble,' investor says, revealing the stock he just sold
▼ + stars: | 2024-05-16 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

India's mid-cap stocks are in a "bubble" despite the country's promising economic prospects, according to contrarian fund manager Jonathan Pines. Pines added that he's unable to justify current stock prices, even when accounting for "aggressive assumptions" about future growth in India's mid-cap stocks. The mid-cap 'bubble' Pines revealed that his fund recently held two Indian stocks, one of which was SJVN . SJVN, a mid-cap stock in the hydropower energy sector, has experienced a "vertical price" movement, which Pines attributed to a potential bubble in the Indian mid-cap market. The only 'reasonable' Indian stock On the other hand, GAIL India , a natural gas distribution company, remains the sole Indian stock in Pines' portfolio.

Persons: Jonathan Pines, it's, Pines, Rohit Natarajan, SJVN, Sudhanshu Bansal, GAIL India, GAIL Organizations: Federated, Antique, JM Financial, Federated Hermes Asia Locations: Pines, Japan, India, India's, U.S

☆ I'm an American mom living in Germany. Here schools days are shorter and there are more vacations throughout the year.
▼ + stars: | 2024-05-16 | by ( Naomi Kaye Honova | ) www.businessinsider.com time to read: +4 min

Read previewI'm an American living in Germany with my family, and it's been fascinating to observe the differences in elementary school between the US and Germany. German elementary school is 4 yearsIn Germany, kids go straight from preschool (which is called Kindergarten in Germany) to elementary school; there is no year of Kindergarten as Americans know it. German elementary school ends in fourth grade. AdvertisementThere are many more short-term vacationsFor many kids in Germany, the elementary school day is very short compared to an American school day. When I drop my younger kids off at preschool, I see hordes of elementary school kids en route to school sans grownups.

Persons: —, I've, you'll, doesn't Organizations: Service, Business, School, — Locations: Germany, Bavaria

☆ A millennial investor feels happier and healthier after taking most of her meetings off Zoom
▼ + stars: | 2024-05-16 | by ( Maria Noyen | ) www.businessinsider.com time to read: +5 min

The 36-year-old healthcare tech investor said on X, formerly Twitter, earlier this month that 90 percent of her meetings are phone calls, while 10 percent are on Zoom. Other desk workers have moved away from video calls, a decision that is also backed up by recent research on Zoom fatigue. Farr started moving her video meetings to phone calls so that she could take walks during them. Related storiesFarr knows phone calls don't work for every type of meeting, especially when visuals are crucial — like when a slide deck is being presented. Bailenson concluded the report with a simple suggestion: "Make 'audio only' Zoom meetings the default, or better yet, insist on taking some calls via telephone."

Persons: —, it's Christina Farr, Farr, — Farr, Christina Farr, Farr —, Alyssa Jaffee, Farr's, Jaffee, Jeremy Bailensonon, Bailenson Organizations: Service, Business, Stanford Locations: Chicago

☆ Cramer: I still have hope for Under Armour despite its weak quarterly earnings
▼ + stars: | 2024-05-16 | by ( Paulina Likos | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer hasn't lost hope in Under Armour 's turnaround, despite Thursday's poor quarterly results and a grim outlook. Quarterly revenue for Baltimore-based Under Armour declined 5% year over year to $1.3 billion, in line with Wall Street expectations. On those sales, the company delivered $7 million in net income or earnings per share of 2 cents. UA YTD mountain Under Armour stock performance year-to-date. The Under Armour brand does resonate overseas.

Persons: CNBC's Jim Cramer hasn't, Armour, Jim, Kevin Plank, Plank, Stephanie Linnartz, hasn't Organizations: UA, North America Locations: Baltimore, North

☆ Why we care so much about the Dow, the stock market’s dumbest index
▼ + stars: | 2024-05-16 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —The Dow Jones Industrial Average is, at best, an imperfect barometer of stock market activity among a narrow band of very large US companies. It’s clunky, and too limited in scope for any Wall Street pros to pay serious attention to it. “Mention ‘the Dow’ and, to most people, that means the stock market,” said Art Hogan, chief market strategist at B. Riley Financial, in a note to CNN. It’s just an index that tracks the stock market activity of 30 large US companies, from Amazon to McDonald’s to the Walt Disney Company. Market capitalization measures the total value of a company on the stock market.

Persons: Dow, ”, Hogan, It’s, “ Dow Jones ”, “, Nick Colas, you’re, ” Colas, Daniel Alpert, wasn’t, Goldman Sachs, Colas, I’ve, ” Alpert Organizations: New, New York CNN, Dow Jones, Dow, Riley Financial, CNN, Walt Disney Company, Westwood Capital, Standard Oil, US Steel, Microsoft, Apple Locations: New York, Amazon, Silicon

☆ 5 secrets to moving better and preventing avoidable injury
▼ + stars: | 2024-05-16 | by ( Dana Santas | ) edition.cnn.com time to read: +8 min

Even the most basic of human movement patterns — walking — can land you in the emergency room due to tripping or losing balance. Read on for five essential strategies to correct improper movement patterns, enhance movement quality and minimize your risk of injury. Understanding what constitutes right and wrong movement is crucial in preventing injury. Include strength training in your workoutsRegular strength training builds more than muscle; it also increases bone density, joint stability, endurance, metabolism and overall durability. Remember, injury prevention begins with understanding proper movement mechanics and consistently practicing functional movement patterns.

Persons: Dana Santas, Aaron Lockwood Organizations: Pain, CNN, US Centers for Disease Control, Lockwood, CNN’s

☆ What’s at stake in the union election at a Mercedes-Benz plant in Alabama
▼ + stars: | 2024-05-16 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +9 min

New York CNN —A high-stakes union election is underway at a Mercedes-Benz plant near Tuscaloosa, Alabama, the only plant for the luxury automaker in North America. The fallout will be significant whether the workers at Mercedes-Benz vote to join the United Auto Workers union or not. And last month, it won a union election at a Volkswagen plant in Chattanooga, Tennessee, its first victory in three attempts to organize the factory. Though a union win could generate momentum, it doesn’t mean a victory will mean other plants can overcome management opposition at other foreign-owned plants. Non-union automakers have already begun their response to the big union victories thus far.

Persons: Shawn Fain, Fain, ”, —, Tesla, Mercedes, Mercedes ’, “, MBUSI, Wheaton, Mercedes plant’s, It’s, Mercedes Benz, ” Wheaton, “ It’s, Harry Katz, ” Katz, Katz, ’ ” Katz, they’ve, CNN’s Chris Isidore, Nathaniel Meyersohn Organizations: New, New York CNN, Benz, Mercedes, United Auto Workers, UAW, Big Three, Volkswagen, Kia, Toyota, US, BMW, Honda, Hyundai, Mazda, Nissan, Subaru, Volvo, Team, The National Labor Relations Board, Benz US International, Member, Volkswagen didn’t, Cornell University School of Industrial and Labor Relations ’, CNN, “ Labor, Big, – GM, Ford, Cornell University School of Industrial and Labor Relations, P Global Market Intelligence, General Motors Locations: New York, Tuscaloosa , Alabama, North America, Chattanooga , Tennessee, United States, Vance , Alabama, Tuscaloosa, ”, Cornell University School of Industrial and Labor Relations ’ Buffalo, Alabama, Alabama , Georgia , Mississippi, South Carolina , Tennessee, Texas

☆ Reddit users are questioning if it's really Keith Gill behind the memes that sparked the latest GameStop rally
▼ + stars: | 2024-05-16 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Reddit users this week have been questioning whether Keith Gill was behind Roaring Kitty's recent social media posts. The Roaring Kitty X account started tweeting for the first time in three years on Sunday, sparking a revival in GameStop stock. Reddit users have been speculating and debating the question since Gill's @TheRoaringKitty X account made its first post in three years on Sunday. AdvertisementGill did not reply to a request for comment sent by Business Insider via his other social media accounts. I'm sure we'll the the truth of the matter of who's running the account soon enough," another Reddit user said.

Persons: Keith Gill, Kitty, —, Gill, wasn't, @SCHL0MS, Polymarket, It's, Steve Sosnick Organizations: GameStop, YouTube, Service, Lamborghini, Google, Business, Polymarket, Remilia Corporation, Remilia, Interactive Locations: @TheRoaringKitty

☆ South Koreans compete to see who’s best at doing absolutely nothing
▼ + stars: | 2024-05-16 | by ( Sophie Jeong | ) edition.cnn.com time to read: +4 min

The annual Space-out competition, held on Sunday, finds who’s best at zoning out for 90 minutes without falling asleep, checking their phone or talking. Speed skater Kwak Yoon-gy takes part in the annual Space-out competition held on Sunday in Seoul. 26-year-old YouTuber Kim Seok-hwan zones out as he participates in the annual Space-out competition held on Sunday in Seoul. CNNThis year marks the tenth anniversary of the Space-out competition, founded by a visual artist, who goes by the pseudonym Woopsyang, after she suffered severe burnout. Charlie Miller/CNNSince the first Space-out competition was held in Seoul in 2014, it has expanded internationally, with contests taking place in various cities such as Beijing, Rotterdam, Taipei, Hong Kong and Tokyo.

Persons: who’s, Kwak Yoon, Charlie Miller, CNN “, ”, “, Kim Seok, ” Woopsyang, Kwon, Auguste Rodin, Auguste Rodin's, ” Kwon Organizations: CNN, Olympics Locations: Seoul, Beijing, Rotterdam, Taipei, Hong Kong, Tokyo, Korea

☆ Upside-down US flag flew at home of Justice Samuel Alito after 2020 election, New York Times reports
▼ + stars: | 2024-05-16 | by ( John Fritze | ) edition.cnn.com time to read: +3 min

CNN —An upside-down American flag – a symbol used by some supporters of former President Donald Trump who challenged the legitimacy of Joe Biden’s 2020 victory – hung outside the home of Supreme Court Justice Samuel Alito after the election, The New York Times reported Thursday. A spokeswoman for the Supreme Court did not immediately respond to a request for comment from CNN, which has not independently verified the flag’s use. “I had no involvement whatsoever in the flying of the flag,” Alito said in an emailed statement to the Times. The Times said it was not clear how long the flag flew outside of Alito’s home. Last fall, in response to a series of revelations about travel accepted by Thomas and Alito, the Supreme Court adopted a code of conduct for the first time.

Persons: Donald Trump, Joe Biden’s, –, Samuel Alito, Alito, Trump, “, ” Alito, Trump’s, Clarence Thomas, recusal, Virginia “ Ginni ” Thomas, Thomas, ”, James Organizations: CNN, Supreme, The New York Times, Times, Capitol, The Times, White, Hofstra Law Locations: Alexandria , Virginia, Alabama

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