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☆ In ‘Monkey Man,’ Dev Patel attempts to reclaim Hinduism for the underdog
▼ + stars: | 2024-04-15 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +11 min

CNN —“Monkey Man,” Dev Patel’s directorial debut action thriller that he also stars in, wrote and produced, opens with a tale familiar to Hindus around the world. This mythology is the foundation of “Monkey Man,” which hit theaters on April 5. In "Monkey Man," Kid plots revenge on the corrupt forces that raided his forest village and killed his mother. Dev Patel directed, wrote, produced and starred in the action thriller "Monkey Man," which is inspired by the Hindu legend of Hanuman. “Monkey Man,” then, is a warning about what can happen when people are oppressed and disempowered for too long.

Persons: ” Dev Patel’s, Hanuman, Patel himself, —, Patel, ” Patel, Kid, ’ ”, Rana Singh, Sikandar Kher, Baba Shakti, Makarand Deshpande, Rana, Sita, Sobhita, Rama, Ravana, Lord Rama, Sailaja Krishnamurti, ‘ What’s, ” Krishnamurti, “, Thrisha Mohan, Narendra Modi, Lord Ram, Imtiyaz Khan, ” Mohan, Baba Shakti —, ”, Krishnamurti, Mohan, Modi, it’s, wasn’t, Siddhant Adlakha, ” Adlakha, It’s, Amitabh Bachhan, Bruce Lee, Jackie Chan, Keanu Reeves, Hollywood’s, Hollywood’s “ John Wick ”, India’s underclasses, “ He’s, Dev Patel, Monica Schipper, hijras, Kid bungles, he’s, Baba, Shiva, Parvati, Bedatri D, Choudhury Organizations: CNN, SXSW, Universal Pictures, Queen’s University, Human Rights, Indian, Anadolu, Getty, Modi’s Bharatiya Janata Party, BJP, TIME, Alpha, Philadelphia Inquirer Locations: Yatana, India, Ayodhya, Hong Kong, Hollywood’s “, Kid’s

☆ Jack Ma is praising Alibaba. Wall Street is more cautious
▼ + stars: | 2024-04-14 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Alibaba shares got a boost last week from news founder Jack Ma is pleased with the company's turnaround so far. They cut their price target to $100 a share, down from $105 previously, while maintaining an overweight rating. Eddie Wu became CEO of Alibaba in September, and is also acting head of the cloud business. They cut their price target by $1 to $105 a share and maintained their buy rating. They have a price target of $85, and, in contrast to the many buy ratings, rate the stock equal weight.

Persons: Jack Ma, Joe Tsai, Ma, Alex Yao, Tsai, Nicolai Tangen, We've, Eddie Wu, Trudy Dai, Daniel Zhang, Kenneth Fong, Douyin, Nomura, Doubao, Ernie, Qianwen, monetization, Morgan Stanley, Gary Yu, — CNBC's Michael Bloom, Arjun Kharpal Organizations: CNBC, Wall Street, JPMorgan, Norges Bank Investment, Alibaba, Commerce, UBS, PDD Holdings, Norges Bank Investment Management Locations: China, U.S, Taobao, BABA

☆ Eid in Gaza is celebrated in destroyed mosques and homes, as war rages
▼ + stars: | 2024-04-10 | by ( Rob Picheta | Zeena Saifi | ) edition.cnn.com time to read: +5 min

Wednesday should have marked the celebration of Eid al-Fitr; instead, it is another reminder of what millions in Gaza have lost. “I never expected in my life to spend Eid like this.”Mohammad has just returned to Khan Younis, the central Gaza city that the Israel Defense Forces (IDF) bombarded for months until their withdrawal Sunday. He grabbed his daughter’s Eid clothes as he went, even though she won’t be able to wear them. People in Gaza, as across the Muslim world, would typically celebrate the day by meeting with their families and sharing large meals. Israel's war in Gaza has displaced most of the enclave's population.

Persons: CNN — Mohammad, Eid, ”, “, ” Mohammad, Khan Younis, won’t, Allah, Mohammed Abed, Ahlam Saleh, Saleh, Ramadan, Mohammed talatene, Deir al Balah, Um Ahmad, ‘, Baba, Benjamin Netanyahu, Mostafa Alhelou, ” Alhelou Organizations: CNN, Israel Defense Forces, Ministry of Health, Getty, Hamas, UN Locations: Gaza, People, UN, AFP, Deir al Balah, Deir al, Farouq, Rafah, Jabalya, Gaza City

☆ Alibaba and Tencent: China’s internet giants snap up their own shares to boost flagging stock market value
▼ + stars: | 2024-04-03 | by ( Laura He | ) edition.cnn.com time to read: +4 min

That would mark the biggest share repurchase by a Chinese tech company in the past year. The tech giant’s move comes at a time when Chinese regulators have been asking listed companies to repurchase shares to stabilize market confidence. Overall, companies listed in Hong Kong spent 126 billion Hong Kong dollars ($16.1 billion) buying back shares in 2023, the highest on record, according to Chinese financial data provider Choice. Tencent alone accounted for about 40% of total share buybacks in the Hong Kong market. Additionally, the global selling of Chinese assets, driven by geopolitical tensions or concerns about regulatory uncertainties, has further pressured Chinese share prices.

Persons: Alibaba, “, ”, Stephen Innes, Tencent, Xiaomi, ” Innes Organizations: Hong Kong CNN, Alibaba, BABA, Hong Kong, CNN, “ Locations: China, Hong Kong, buybacks, Shanghai, Shenzhen, Hangzhou, Beijing

☆ Nongfu Spring: Bottled water empire of China’s richest man Zhong Shanshan is facing a boycott by nationalists
▼ + stars: | 2024-03-13 | by ( Laura He | ) edition.cnn.com time to read: +7 min

Zhong and his drinks firm Nongfu Spring, the country’s biggest maker of bottled water, are the latest targets of an army of internet zealots. WeiboThe nationalists have also highlighted the fact that prominent US investment funds, including Vanguard and BlackRock, are major shareholders of Nongfu Spring. “Taking advantage of Mr Zong’s death, a lot of slander against me and Nongfu Spring appeared on the internet. “Whether Wahaha or Nongfu Spring, we always insist on the same thing — producing good products for the people,” he said. Nongfu Spring is just the latest major target of China’s nationalists.

Persons: Hong Kong CNN — Zhong Shanshan, Zhong, Zong Qinghou, Zong, Zhong’s, —, “ Zhong Shuzi, ”, “, He’s, Mr Zong’s, ” Zhong, influencers, netizens, “ Zong, Wei Jiang, Mo Yan, Mao Zedong, Stringer, Li Ning Organizations: Hong Kong CNN, Wahaha, Danone, Weibo, ”, Vanguard, BlackRock, Nongfu, American, Wahaha’s, CNN, Zhejiang Daily, Communist Party, Auto, Zhejiang University of Finance, Economics, People’s Liberation Army, AFP, Getty, Nike, Adidas, United, Toyota, Honda Locations: China, Hong Kong, Beijing, American, Weibo, Nongfu, Zhejiang, Hami, China's, Xinjiang, AFP, United States, Japan

☆ Opinion | The Babe Paley in ‘Feud’ Is Not the Woman I Knew
▼ + stars: | 2024-03-06 | by ( Belle Burden | ) www.nytimes.com time to read: +2 min

The first time I saw Naomi Watts playing my grandmother Babe Paley in “Feud: Capote vs. the Swans,” she was in tears. She had just discovered her husband’s affair with Happy Rockefeller, the governor’s wife, finding him on the bedroom floor, scrubbing a stain of menstrual blood from their plush carpet. Babe summons Truman Capote to her Fifth Avenue apartment, her face set in distress, her mascara running. In his book, Mr. Leamer surmises that the governor’s wife in Capote’s story is Marie Harriman, not Ms. Rockefeller. There are no live recordings of Babe, no way for an actress to know how she moved and spoke.

Persons: Naomi Watts, Babe Paley, ”, Happy Rockefeller, Truman Capote, mascara, Matisse, Laurence Leamer’s, Leamer, Marie Harriman, Rockefeller, Babe, “ Baba, Brooke Organizations: Swans, Basque Locations: “, Manhasset, Long

☆ An Indian science graduate was promised a job in Dubai but was tricked into fighting for Russia, reports say
▼ + stars: | 2024-03-03 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

One person said his brother had been promised a job in Dubai but ended up on the front lines in Ukraine. 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 . AdvertisementSome Indian nationals are being tricked into fighting for the Russian army after having been promised jobs in Dubai, Le Monde reported. About 20 Indians are thought to have fallen victim to similar schemes and are now caught on the front lines in Russia.

Persons: —, Le Monde, Aazad Yousuf Kumar, Baba Vlogs, Faisal Khan, Kumar's, Sajad Ahmad Kumar, Le Organizations: Russian, Service, Telegraph, United Arab Emirates, Indian Embassy, India's Ministry, External Affairs Locations: Dubai, Ukraine, Le, Russia, India, Russian, Rostov, Donetsk, Moscow, New Delhi

☆ This Big Tech stock has an 'absolutely compelling' valuation, top fund manager says
▼ + stars: | 2024-02-28 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

However, the company's revenues and profits have surged since then, and one outperforming fund manager sees the current valuation as a buying opportunity. Alibaba shares are traded in the U.S., Hong Kong and Germany. BABA 1Y line The slump in the company's share price came amid concerns of an economic slowdown in China and increased regulation of the internet sector by authorities in Beijing. Alibaba's cheap share buyback Lapping also pointed to the impact of Alibaba's share buyback program as distinct compared to many richly valued U.S. tech darlings. However, with its share price now 65% off its peak, Alibaba's compensation costs have dwindled dramatically.

Persons: Sean Peche, BABA, It's, Andrew Organizations: Ranmore Fund Management, Wall Street, Tech, Ranmore Global Equity Fund Locations: China, U.S, Hong Kong, Germany, Beijing

☆ In China’s battle of the lattes, Luckin Coffee keeps beating Starbucks
▼ + stars: | 2024-02-26 | by ( Laura He | ) edition.cnn.com time to read: +5 min

Luckin, which already calls itself China’s biggest coffee chain, says it had surpassed Starbucks in mainland China by number of outlets in 2019. By the end of 2023, Luckin had 16,218 stores in China, nearly double its 2022 count of more than 8,200. Starbucks’ outlets in China are entirely company-owned. The number of branded coffee shops in China jumped 58% in the past twelve months, reaching 49,691 outlets, according to a December report by World Coffee Portal. Making a comebackBy 2019, the company had outnumbered Starbucks stores in China, with more than 4,500 outlets, according to the company.

Persons: Luckin, ”, Jinyi Guo Organizations: Hong Kong CNN, Nasdaq, Starbucks, CNN, International Coffee Organization, Daxue Consulting, Visual China, Centurium, US Securities and Exchange Commission Locations: China, Hong Kong, Singapore, Xiamen, United States, Beijing, New York, American

☆ Zong Qinghou, self-made billionaire founder of top Chinese beverage brand Wahaha, dies
▼ + stars: | 2024-02-26 | by ( Nectar Gan | ) edition.cnn.com time to read: +6 min

The self-made billionaire, who was once China’s richest man, died of an illness on Sunday at the age of 79, his company Hangzhou Wahaha Group said in a brief statement, without providing further details. Victory in that bitter battle boosted Zong’s wealth to $8 billion, making him China’s richest man in 2010 and again in 2012, according to Forbes. He was nicknamed “the richest man in cloth shoes” for always sporting plain black shoes, complete with a dark jacket and slacks. That year, Zong founded the Hangzhou Wahaha Group after acquiring a failing state-run canned food factory. The dispute was eventually settled in 2009, with Danone selling its stake for about $500 million and ceding all control to Wahaha.

Persons: Hong Kong CNN — Zong Qinghou, Zong, Forbes, Jack Ma, Lei Jun, Zong Fuli, Mao Zedong’s, ”, Deng Xiaoping, Wahaha, Danone Organizations: Hong Kong CNN, Hangzhou Wahaha, Danone, Forbes, Getty Locations: China, Hong Kong, Hangzhou, “, Guangzhou, Beijing

☆ Alibaba bets on overseas e-commerce unit amid sluggish growth in China
▼ + stars: | 2024-02-20 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +5 min

Costfoto | Nurphoto | Getty ImagesChinese tech giant Alibaba Group is betting on its overseas businesses while domestic consumption growth remains sluggish. James Dong, CEO of Southeast Asian e-commerce giant Lazada Group, was named as Daraz's acting CEO. Dong took over as Lazada Group CEO from Chun Li in June 2022, after running the company's Thailand and Vietnam operations. Intense competitionThe e-commerce business that once propelled Alibaba to success has run into challenges with upstart competitors such as PDD, while consumption growth in China remains sluggish. Alibaba posted 9% year-on-year revenue growth in the third quarter to about $31 billion.

Persons: Eddie Wu, Yinglan Tan, AliExpress, Bjarke Mikkelsen, Jan, James Dong, Lazada, Tan, Alibaba, Zhang, Dong, Chun Li, Li, Pierre, Lucy Peng, PDD Organizations: Nurphoto, Getty, Digital Commerce, Tmall, Tmall Group, Alibaba, Ventures, Lazada, CNBC, Ventures Partners, Alibaba Group, PDD Holdings, Hong Kong, HK Locations: Huangpu District, Shanghai, Taobao, monetization, Alibaba, Pakistan, Asia, China, Thailand, Vietnam, Hong Kong

☆ Final Trade: IWM, BABA, AEM, FCX
▼ + stars: | 2024-02-15 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trade: IWM, BABA, AEM, FCXThe final trades of the day with CNBC’s Melissa Lee and the Fast Money traders.

Persons: CNBC’s Melissa Lee Organizations: Fast Money

☆ Super Bowl 2024: Online superstore Temu doubles down with TV ad and $15 million in giveaways
▼ + stars: | 2024-02-12 | by ( Juliana Liu | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —A year after making its advertising debut at the Super Bowl, Chinese-backed online shopping platform Temu is redoubling efforts in its most important market with a second ad on America’s biggest stage and $15 million in coupons and other giveaways. The Boston-based firm — owned by PDD (PDD), the group behind Chinese online shopping giant Pinduoduo — paid for three ads during the game and two after the game. Commercials for the 2024 Super Bowl sold for higher rates than for last year’s game, with a range of $6.5 million to $7 million per 30-second spot broadcast on TV channel CBS, two individuals familiar with this year’s advertising sales told CNN. “The commercial marks the highlight of a Super Bowl campaign that featured more than $15 million in coupons and giveaways,” Temu said in a statement. As a result, PDD’s market capitalization soared that month, eclipsing that of older e-commerce rival Alibaba (BABA) for the first time.

Persons: Hong Kong CNN —, ”, ” Temu, Seema Shah, ” Shah, “, Temu, spender, Earnest Analytics, PDD, Alibaba, Alibaba’s, Jack Ma Organizations: Hong Kong CNN, Super Bowl, PDD, CBS, CNN, Bowl, Amazon, Super, Facebook, Dollar Locations: China, Hong Kong, Boston, United States, United Kingdom, Mexico, Germany, Australia

☆ Here are Thursday's biggest analyst calls: Nvidia, Disney, Tesla, Apple, Walmart, Roblox, American Express & more
▼ + stars: | 2024-02-08 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are the biggest calls on Wall Street on Thursday: Jefferies reiterates Walmart as buy Jefferies sees a $20 billion AI and automation opportunity for Walmart. Goldman Sachs upgrades Roblox to neutral from sell Goldman upgraded the stock following its earnings report and sees "margin momentum." Needham upgrades Disney to buy from hold Needham upgraded the theme park operator after its earnings report, seeing "strong" earnings per share growth. Morgan Stanley downgrades American Express to equal weight from overweight Morgan Stanley downgraded the credit card stock mainly citing valuation. Wells Fargo reiterates Disney as overweight Wells says it's standing by its overweight rating on the stock following earnings on Wednesday. "

Persons: Jefferies, Morgan Stanley downgrades Hertz, Morgan Stanley, Goldman Sachs, Goldman, Needham, Ally, it's, Wells, Macquarie, BABA, Oppenheimer, Davidson, NYCB, Guggenheim, TD Cowen, Wedbush, Wolfe, Baird, Tesla Organizations: Walmart, Discover, DFS, Barclays, PNM Resources, New, Express, DIS, Six, York Community Bancorp, Guggenheim, UBS downgrades Air Products, UBS, Products, Deutsche Bank, AstraZeneca, Deutsche, Apple, Nvidia Locations: New Mexico, Texas, OW, North America, China, GPRO

☆ Here are Jim Cramer’s rapid-fire takes on 5 stocks in the news Wednesday
▼ + stars: | 2024-02-07 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +2 min

"I think you should still buy Baba in light of the fact the Chinese government is panicking about their stocks," Jim Cramer said, referencing recent stimulus efforts in the country . CVS Health : Despite lowering its 2024 adjusted earnings outlook due to higher medical costs, shares of CVS Health climbed more than 3% Wednesday. "Aetna is better than people think, and I think that [CEO] Karen Lynch is better than people think," Jim said. New York Community Bancorp : Moody's Investor Service downgraded the regional bank's credit rating to junk, roughly a week after NYCB reported a surprise fourth-quarter loss and cut its dividend payout. However, "you can't boost confidence once you cut your dividend," Jim said, adding that "you can't buy" shares of NYCB right now.

Persons: Jim Cramer, Aetna, Karen Lynch, Jim, NYCB, Morgan Stanley, Uber, Roblox Organizations: CVS, CVS Health, Aetna, York Community Bancorp, Moody's Investor Service, CNBC, Club, Technologies Locations: Wells Fargo

☆ China is pumping money into stocks and markets are loving it
▼ + stars: | 2024-02-06 | by ( Laura He | ) edition.cnn.com time to read: +3 min

The Shanghai Composite, mainland China’s benchmark index for large state-owned companies and blue-chip stocks, ended up 3.2% on Tuesday, ending a six-day losing streak. By Monday, about $6.1 trillion in market value had been wiped from the Chinese and Hong Kong stock markets since their recent peaks in February 2021. Central Huijin Investment, the equity arm of state-owned China Investment Corp, announced Tuesday that it had recently expanded its holdings of exchange-traded funds (ETFs) on mainland stock markets. The intensified efforts came after Chinese markets resumed their slide on Monday, when more than 1,800 stocks fell by more than 10% in Shanghai and Shenzhen. Tuesday’s rally in China was in contrast to other markets in the region.

Persons: “, Australia’s, Evergrande, Anna Cooban Organizations: Hong Kong CNN, Alibaba, Huijin Investment, China Investment Corp, China Securities Regulatory Commission, Central Huijin Investment, Embassy, Nikkei, Kospi Locations: China, Hong Kong, Shanghai, Shenzhen, Europe, Beijing, United States

☆ 8 more of our stocks report earnings next week. Here's what we want to see
▼ + stars: | 2024-02-03 | by ( Zev Fima | ) www.cnbc.com time to read: +13 min

The three major averages posted gains for the fourth week in row, lifted by strong quarterly earnings results for most of the Big Tech companies and a strong jobs report. A weaker ADP Employment report on Wednesday provided no read-through to the monster January jobs report Friday. Here's what we're keeping an eye on in the coming week: 1. Earnings: It's another big earnings week head for the portfolio, with 8 more of our companies reporting. Consistency is what we appreciate most from nat gas giant Linde , so we're hoping for another quarter of solid earnings growth Tuesday.

Persons: Estee Lauder, Eli Lilly, Mounjaro, Nelson Peltz, Estée Lauder, Tyson, CARR, Jacobs, Willis Towers Watson, Edwards, Walt Disney, Oscar Health, Philip Morris, Armour, BAX, BILL, Jim Cramer's, Jim Cramer, Jim, George Frey Organizations: Big Tech, Dow Jones Industrial, Nasdaq, PMI, Apple, Starbucks, Procter, Gamble, GE Healthcare, DuPont, Linde, Ford, General Motors, Trian Partners, Disney, ESPN, Wynn Resorts, Wynn, Vegas, Prix, Estée Lauder Companies, Caterpillar, McDonalds Corp, Allegiant Travel, Bowlero Corp, Tyson Foods, TSN, Air Products & Chemicals, IDEXX Laboratories, CNA Financial Corp, CNA, Timken Company, Graham Corporation, Mesa Laboratories, Sphere Entertainment, Loews Corp, Technologies, Vertex Pharmaceuticals, Semiconductors, Simon Property Group, Amkor Technology, FMC Corporation, FMC, BellRing Brands, Crown Holdings, ChampionX Corporation, Golub Capital BDC, Flexsteel Industries, Kilroy Realty Corp, Gladstone Capital Corp, Unibanco, S.A, Snack Foods Corp, Kimball Electronics, Skyline Corp, Cabot Corporation, Simpson Manufacturing Co, Varonis Systems, Co, GE HealthCare, Linde plc, LIN, Spotify Technology S.A, BP, Hertz Global Holdings, AeroSystems Holdings, Toyota Motor Corp, Cummins, CMI, Software Technologies, AGCO Corporation, Carrier Global Corporation, Lear Corp, CONSOL Energy, Centene Corporation, Gartner, Arcbest Corp, CTS Corporation, Energizer Holdings, Hamilton Lane Incorporated, KKR, Precision Drilling Corporation, Frontier Group Holdings, Waters Corp, Alfa Laval, Aramark Holdings Corp, FirstService Corporation, Garden Sports Corp, New Jersey Resources Corp, nVent Electric plc, PJT Partners, Resources, Sensata Technologies, Ford Motor Company, Enphase Energy, Grill, VF Corp, Edwards Lifesciences Corp, Gilead Sciences, Lumen Technologies, Cognizant Technology Solutions Corp, Weatherford International plc, Amcor plc, Arrowhead Pharmaceuticals, Advanced Energy Industries, Uber Technologies, CVS Health, Roblox Corporation, Ares Capital Corp, Bunge, XPO Logistics, Scotts Miracle, Gro Company, Berry Global, Flex LNG, Equinor ASA, Griffon Corporation, OneMain Holdings, Brookfield Asset Management, Emerson Electric Co, Hilton Worldwide Holdings, Reynolds Consumer Products, Silicon Laboratories, Brands, Sciences, CDW Corp, Fox Corporation, WYNN, PayPal, Arm Holdings plc, ARM, Axcelis Technologies, Mattel, Paycom, Annaly Capital Management, McKesson Corp, Health Corporation, O'Reilly Automotive, Allstate Corp, Fluence Energy, Power Systems, Digital Turbine, Blue Bird Corp, Everest Group, Omega HealthCare, Coty, COTY, ConocoPhillips, Cameco Corp, Philip Morris International, Spirit Airlines, Hershey Company, Lightspeed Commerce, Aurora Cannabis, Lincoln National Corp, P, Tenet Healthcare Corp, Asbury Automotive Group, Arrow Electronics, Baxter International, PetMed, Boyd Gaming Corp, FirstEnergy Corp, Motorola Solutions, Terex Corp, PepsiCo, Growth, AMC Networks, Owl, American Pipeline, TELUS International, Magna International, Newell Brands, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: U.S, China, Macau, Wynn Macau, Valvoline, VVV, ALFVY, Madison, New Jersey, Gilead, Ceridian, ORLY, Paycor, Aurora, Provo , Utah

☆ SAP is restructuring 8,000 jobs as it shifts focus to AI
▼ + stars: | 2024-01-24 | by ( Michelle Toh | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —One of Europe’s most valuable companies is restructuring 8,000 jobs as it joins a growing list of firms shifting their focus to artificial intelligence. SAP (SAP), the enterprise software giant, announced Tuesday that it would spend €2 billion ($2.2 billion) this year on the transformation, including buyouts and retraining programs. “The majority of the approximately 8,000 affected positions is expected to be covered by voluntary leave programs and internal re-skilling measures,” SAP said. Last summer, it announced investments in three generative AI companies, adding to a pledge to invest more than $1 billion to fund AI-powered enterprise tech startups. Many US tech firms have also announced large investments in AI as they kick off sweeping reorganizations.

Persons: Christian Klein, Alibaba Organizations: Hong Kong CNN, SAP, Wipro, Huawei, US Locations: Hong Kong, New York

☆ Saudi Arabia isn’t ruling out befriending Israel. But it may come at a higher price
▼ + stars: | 2024-01-15 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +70 min

Fatima Shbair/AP Mourners collect the bodies of Palestinians killed in an Israeli airstrike in Khan Younis, Gaza, on December 24. Ilia Yefimovich/dpa/picture-alliance/AP Relatives and friends bid farewell to the body of Al Jazeera camera operator Samer Abu Daqqa in Khan Younis, Gaza, on December 16. Mahmud Hams/AFP/Getty Images Israeli soldiers form an honor guard at the funeral of Israeli reserve soldier Master Sgt. Mohammed Saber/EPA-EFE/Shutterstock Children use candles for lighting in Khan Younis, Gaza, on Friday, October 20. Maya Alleruzzo/AP A boy carries salvaged belongings from the wreckage of his family's home in Khan Younis, Gaza, on October 11.

Persons: UAE CNN —, Antony Blinken, ” Blinken, ”, “, “ There’s, ” Prince Khalid bin Bandar, ” Ali Shihabi, Shihabi, Israel, Blinken, Evelyn Hockstein, Benjamin Netanyahu, Joe Biden, Abraham, Biden, Yousef Al Otaiba, Israel “, ” Otaiba, Prince Mohammed bin Salman, Firas Maksad, Abir, Prince Khalid, Maksad, Jamal Khashoggi, ” Maksad, ” Prince Khalid, Isaac Herzog, Oded, Abed Rahim Khatib, Noam Galai, Majdi, Sufian Dagash, Ohad, Abed Zagout, Harel Ittah, Ariel Schalit, Khan Yunis, Stringer, Elisha Yehonatan Lober, Mount Herzl, Maja Hitij, Fatima Shbair, Ahmad Hasaballah, Mohammed Salem, Yaacov Elian, Boris Dunavetski, Amir Levy, Mohammed Abed, Mahmud Hams, Alon Lulu Shamriz, Ilia Yefimovich, Abu Daqqa, Khan, Khan Younis, Ben Shelly, Clodagh Kilcoyne, Eviatar Cohen, Mostafa Alkharouf, Mohammed Dahman, Ibraheem Abu Mustafa, Atef Safadi, Gal Meir Eisenkot, Eisenkot, Gadi Eisenkot, Leo Correa, Alexi Rosenfeld, Alleruzzo, Amir Cohen, Gil Cohen, Menahem Kahana, Sergeant Aschalwu Sama, Tsafrir, John MacDougall, Ahed Tamimi, Nasser Nasser, Viktor, Helena Brodski, Kiril Brodski, Ammar Awad, Jack Guez, Jabel Mukaber, Mahmoud Illean, Alexander Ermochenko, Younis, Mustafa Hassona, Asher, Raz, Doron, Schneider, Jaafar Ashtiyeh, Majed Al, Ansari, Mohammed Hajjar, Said Khatib, Jalaa Marey, Victor R, Liron Snir, James Oatway, Ashraf Amra, Ahmad Gharabli, Rizek Abdeljawad, Major Jamal Abbas, Shir Torem, Alexi J . 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☆ I've followed the Mediterranean diet for over a year. Here are 14 mistakes I wish I avoided when I started.
▼ + stars: | 2024-01-10 | by ( Jennifer Barton | ) www.businessinsider.com time to read: +11 min

Read previewI've been following the Mediterranean diet for over a year and a half, and it's my favorite way to eat. Before embarking on the Mediterranean diet, I was a junk-food queen. AdvertisementOne of the best things about the Mediterranean diet is that after I followed it for a while, I stopped craving sugar so much. Getty Images/Neilson BarnardOne of the best things about the Mediterranean diet is that I can eat cheese — in moderation, of course. AdvertisementBut I've saved a fortune since starting on the Mediterranean diet — largely because I cut out meat and started buying more canned foods.

Persons: —, I've, I'd, Neilson Barnard, it's, Jennifer Barton Organizations: Service, Business Locations: pita, Greece, Italy, Israel

☆ I followed the Mediterranean diet for over a year. Here are 12 things that surprised me most.
▼ + stars: | 2024-01-05 | by ( Jennifer Barton | ) www.businessinsider.com time to read: +11 min

AdvertisementI don't miss red meat at allI used to eat a lot of red meat. That was one of the near-instantaneous benefits I noticed when I started following a Mediterranean diet. Fortunately, it's really easy to make budget-friendly swaps and still stick to a Mediterranean diet. There isn't just one Mediterranean dietI think one of the biggest misconceptions I had about the Mediterranean diet before I started following it was that it was pretty limited. Although a Mediterranean diet can be Greek, French, Spanish, and Italian, it's also Turkish, Lebanese, Israeli, and Moroccan.

Persons: —, I've, Owen Franken, I'd, it's, Jennifer Barton It's, Jennifer Barton, veggies —, isn't, Yotam, Rachel Askinasi, they've, They're, I'm, It's Organizations: Service, Business Locations: It's, New York, Turkish, portobello

☆ Russia appears to be putting jamming tech on its tanks as exploding drones chase down its vehicles to deadly effect
▼ + stars: | 2023-12-01 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

Photos appear to show the jammers Russia is putting on its tanks and vehicles to disrupt Ukraine's drones. Both sides in the war in Ukraine are seeking to counter the threat of drones. AdvertisementTo counter the seemingly ever-present threat of exploding drones, Russia appears to be attaching jammers to its tanks and vehicles. Such developments also indicate the intensity of the ongoing drone war between Russia and Ukraine. AdvertisementUkraine in particular has demonstrated skill in flying FPV drones into small open hatches on tanks or Russian trenches.

Persons: —, It's Organizations: Service, Russian Telegram, Observers Locations: Russia, Ukraine, Russian

☆ PDD earnings: Alibaba’s Jack Ma urges reform as rival rattles e-commerce giant
▼ + stars: | 2023-11-30 | by ( Michelle Toh | Laura He | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Alibaba founder Jack Ma has called for “change” as the stellar performance of a competitor causes a stir at his e-commerce company. On Wednesday, the billionaire responded to a recent rally in the stock of PDD (PDD), the group behind Chinese online shopping giant Pinduoduo and US-based retail upstart Temu. That has pushed up the company’s stock in New York dramatically, taking it 18% higher Tuesday and another 2% higher Wednesday. As a result, PDD’s market cap has soared to $188.3 billion, putting it just below Alibaba’s (BABA) $189.9 billion. I believe that everyone in Alibaba today is watching and listening,” he wrote in a comment, according to the source.

Persons: Hong Kong CNN —, Jack Ma, PDD, Ma, ”, ” “, Chen Lei Organizations: Hong Kong CNN, Temu Locations: China, Hong Kong, New York, Hangzhou, Alibaba, United States, Australia

☆ Henry Kissinger, as Seen, and Skewered, by Comics
▼ + stars: | 2023-11-30 | by ( Maya Salam | ) www.nytimes.com time to read: +1 min

In a November 1976 episode of “Saturday Night Live,” Gilda Radner, in her recurring impression of Barbara Walters — a.k.a. Baba Wawa — interviews Henry Kissinger, played by John Belushi. After inquiring about his “silly, silly” accent, which she says “really, really irritates” her, Radner asks Belushi to repeat after her: “I am a really, really fat, roly poly diplomat.” He does. In a 1987 episode of “S.N.L.,” his religion comes up again in a sketch called “The Assimilated Jew’s Hanukkah.” In it, Al Franken imitates Kissinger, who is selling an album of Jewish Christmas songs. I told him that if it hadn’t been for the Xmas bombing, he’d have the tickets.”

Persons: Gilda Radner, Barbara Walters — a.k.a, Henry Kissinger, John Belushi, “, Radner, Belushi, roly, ”, Al Franken, Kissinger, Franken, “ Kissinger Organizations: Baba Wawa, SNL, he’d Locations: Baba, North Vietnam

☆ Indian rescuers break through debris to reach 41 men trapped in tunnel
▼ + stars: | 2023-11-28 | by ( ) www.cnbc.com time to read: +2 min

Indian military engineers on November 27 were preparing to dig by hand to reach 41 workers trapped in a collapsed road tunnel for 15 days, a rescue operation hit by repeated setbacks. (Photo by Sajjad HUSSAIN / AFP) (Photo by SAJJAD HUSSAIN/AFP via Getty Images)Indian rescuers led by "rat miners" drilled through rocks and debris on Tuesday to reach 41 construction workers trapped in a collapsed tunnel in the Himalayas for 17 days. Dozens of rescue workers with ropes, ladders, and stretchers entered the tunnel and 41 ambulances were lined up outside to take the 41 men to a hospital about 30 km away. Some rescue workers in hard-hats made victory signs and posed for pictures. Relatives of the trapped men, who have been camping near the site, gathered outside the tunnel with luggage, ready to accompany the men to hospital.

Persons: Sajjad HUSSAIN, SAJJAD HUSSAIN, Pushkar Singh Dhami, Baba, Nag Ji, stretchers, Chaudhary, Manjeet Chaudhary Organizations: Getty Images Locations: Uttarkashi, India's Uttarakhand, AFP, Uttarakhand, India

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