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He believes the stock market is rational — even when it doesn't appear to be. Related stories"The market is ruthlessly efficient, both long term and short term," Lundgren said. The strategist added: "The market doesn't care one iota about fundamentals in the short term. Like any market, stock exchanges determine prices based on what buyers and sellers will pay and sell for. Just because it's taking place in a mall doesn't make that mall an insane asylum."
Persons: , Tuesday's, Redditors, David Lundgren, Lundgren, who's, that's, It's, Benjamin Graham, Mark Minervini Organizations: Service, GameStop, Business, Street, MOTR Capital Management & Research, Little Harbor Advisors, AMC
A focus on military hardware, from subs to aircraft carriersGecko robots are increasingly being utilized by the U.S. military. In 2022, the U.S. Air Force awarded Gecko Robotics a contract to help it with the conversion of missile silos. Gecko Robotics technology can collect upwards of 20 million data points in a tenth of the time, Loosararian said. The digital twins being created by Gecko robots also help with the building of future projects, saving not only time but resources and capital. "It's not just about how things work day-to-day but also how do you build smarter things," Loosararian said."
Persons: Baltimore's Francis Scott Key, weren't, Jake Loosararian, CNBC's Julia Boorstin, Loosararian, It's Organizations: Robotics, CNBC, Biden's, U.S ., U.S . Air Force, U.S . Navy, Columbia, Navy, USS Locations: Philadelphia, U.S, New York City, China
While promoting Project Astra, Google CEO Sundar Pichai teased the possible return of Google Glass. The first Google Glass was originally launched in 2013 and was a remarkable commercial failure. "Google Glass has RE-entered the chat," one user quipped below the YouTube video promoting Project Astra and featuring the prototype glasses. AdvertisementThe original Google Glass debuted in 2013 but was a remarkable commercial failure. Production on the original Google Glass was ultimately discontinued in 2015, though two enterprise editions were attempted in 2017 and 2019, respectively.
Persons: Sundar Pichai, Pichai, , Sundar Pichar, Pichar, toted, Quinn Meyers Organizations: Astra, Google, CNBC, Service, Project Astra, Business, YouTube, Apple, Gemini
GameStop shares soared once again ahead of Tuesday's opening bell. Other meme stocks like AMC and BlackBerry have also racked up big gains this week. Market gurus like Jim Chanos and Larry McDonald aren't convinced by the Reddit-fueled rally, though. AdvertisementGameStop and other big-name "meme stocks" kept rising ahead of Tuesday's opening bell — but some of the best-known voices in the market are highly skeptical about the rally. AMC, BlackBerry, and several other meme stocks — notable for their popularity on retail investing forums such as Reddit's r/WallStreetBets — also racked up major gains in early-morning trading.
Persons: Jim Chanos, Larry McDonald aren't, , Keith Gill's, Gill, Kitty, Keith Gill, Roaring, Lol, Ferris, Larry McDonald, Jerome, Powell's Organizations: GameStop, AMC, BlackBerry, Service, Pirates
On Saturday, stars gathered on the steps of The Music Center in Los Angeles for the Gold Gala — a celebration of Asian Pacific influential talent across entertainment, fashion, technology and more, hosted by the non-profit Gold House. Actor Eugene Lee Yang attends the Gold Gala in an eye catching ensemble. It’s not something that I grew up imagining I’d have for myself.”Lucy Liu, wearing a gown by Bibhu Mohapatra, and Karan Johar exchange a greeting at the Gold Gold 2024. Michael Kovac/Getty ImagesFrom left to right, Shelby Rabara and Harry Shum Jr. attend the Gold Gala. So that’s been wonderful to see people take chances, and how we’ve knocked it out of the park,” Lakshmi told CNN.
Persons: Karrueche Tran, Thai Nguyen, , , Tran, Nymphia, Sheng Cheong, Karan Johar, Agnez Mo, Eugene Lee Yang, Charley Gallay, Araya Doheny, Jeannie Mai, ” “, Padma Lakshmi, Lucy Liu, Joel Kim Booster, ” Lucy Liu, Bibhu Mohapatra, Michael Kovac, Shelby Rabara, Harry Shum Jr, Monica Schipper, USC Annenberg, Tommaso Boddi, Rodin Eckenroth, that’s, we’ve, ” Lakshmi, Prabal Gurung Organizations: Los Angeles CNN, The Music Center, CNN, Getty, Pacific, Gold House, USC Locations: Los Angeles, Pacific, American, Vietnamese, African American, City, , Indonesia, Hollywood, Thai
Gill, better known as Roaring Kitty, was the face of GameStop's surprise surge in 2021. The meme stock skyrocketed Monday as his return sent WallStreetBets into a frenzy. Keith Gill posted on X for the first time in nearly three years on Sunday, sending the meme stock sharply higher and sparking excitement on the Wall Street Bets subreddit. AdvertisementIt's unclear exactly what is signified by Gill's cryptic X post of a sketch showing a man leaning forward in his chair. Nevertheless Gill's return still sent r/wallstreetbets, whose users piled into meme stocks like GameStop, AMC, and Bed Bath & Beyond during the pandemic, into a frenzy.
Persons: Keith Gill, Gill, Kitty, WallStreetBets, , Paul Dano, Gill's, Paul Atreides, Vince McMahon Organizations: Service, GameStop, Financial Services Committee, AMC
Jeannie Epper had at least 100 screen roles, maybe even 150 — no one is quite sure. But because she was a stunt double, galloping on horseback, crashing cars and kicking down doors for the stars of films and television shows, hers was not a household name. In her heyday, however, Ms. Epper was ubiquitous. She hurtled through the air most weeks as Lynda Carter’s stunt double on the hit television series “Wonder Woman” and mimed Ms. Carter’s leggy lope. Ms. Epper, whose bruising career spanned 70 years, died on Sunday at her home in Simi Valley, Calif. She was 83.
Persons: Jeannie Epper, Epper, Lynda Carter’s, Carter’s leggy lope, Kathleen Turner’s, Michael Douglas, Linda Evans, Joan Collins, Shirley MacLaine’s, , Jack Nicholson’s Locations: Gulf of Mexico, Simi Valley, Calif
For Elle Fanning, who showed up to Monday night’s Met Gala in a completely transparent Balmain gown, it was the latter. Behold: The naked dress (or in Redmayne’s case, naked suit). In 1962, Hollywood actor Carroll Baker was photographed in one of the first ever naked dresses — also designed by Balmain. Balmain just designed the 8th one.”Hollywood starlet Caroll Baker also wore one of Balmain's transparent dress designs in 1962. Her sheer Balmain dress turned heads — and generated headlines.
Persons: it’s, Elle Fanning, Fanning, Emily Ratajkowski, Kim Kardashian, Doja, Phoebe Dyvenor, Greta Lee, Eddie Redmayne, Theo Wargo, Miley Cyrus, Jennifer Lawrence, Vanessa Hudgens, Florence Pugh, Kendall Jenner, Charli, Charlize Theron, Iris Law, Carroll Baker, , Baker, Pierre Balmain, , sparkles, , Caroll Baker, Spencer, “ Carroll, Yves Saint Laurent didn’t, Mary Quant, Edie Sedgwick, Trevor Humphries, Baker’s, nonchalantly Organizations: CNN, Balmain, Hollywood, Dior, Hulton, New York Times, Production, Paramount, Fox, MGM, Warner Brothers Locations: Prada, Paris, London, Balmain, British, America, Europe, Hollywood, Baker’s
In short, Trump’s New York congestion comment was classic dead cat. In the same Truth Social message, the former president mused about the impact of congestion pricing elsewhere in the world. After all, congestion pricing has been introduced in a number of cities, from Singapore to Stockholm, over the past 25-odd years. I live about four miles from the edge of the congestion zone, and it’s never once been a problem to circumvent. By most metrics, London’s congestion pricing experiment has been a resounding success.
Persons: Rosa Prince, Read, Donald Trump, , Rosa Prince Rosa Prince Here, Stormy Daniels, mused, It’s, , I’m, it’s, Akmen, they’re, Boris Johnson, there’s, Sadiq Khan, Ella Roberta Adoo, Khan, Mayor Khan, he’s Organizations: Politico UK, London CNN — Former, New, Big Apple, Getty, Conservative, Transport, London, Labour Party, Trump, TfL, CNN, Twitter, New Yorker Locations: New York City, New York, Singapore, Stockholm, London, AFP, It’s, Manhattan, London —, England, New
To understand what is happening now in the Middle East, it may be helpful to remember the dead cat. That was a favorite metaphor for Secretary of State James A. Baker III as he shuttled around the region in 1991 trying to negotiate a complicated deal. The question three decades later is whether today’s players are at that stage of the U.S.-brokered effort to negotiate a cease-fire in Gaza. Mr. Netanyahu in recent days mounted airstrikes and sent tanks into Rafah in a saber-rattling move to make clear he is serious about invading the southern Gaza city. “Part of the motivation is less to reach a deal and more to blame the other guy if it fails.
Persons: State James A, Baker III, Baker, Benjamin Netanyahu, Israel, Netanyahu, Biden, , Aaron David Miller, Baker’s Organizations: State Locations: U.S, Gaza, Rafah, Israel
Before you head to the shelter, take heed – not all cat breeds are in it for the long haul. While domestic cats regularly live to 18 years old, the hairless Sphynx breed has an average life expectancy of just 6.8 years, the lowest of any domestic breed of cat, according to new research. Sphynx cats are a hairless breed that originated in Ontario, Canada, where a hairless male kitten named Prune was born in 1966, according to the Sphynx Cat Association. The average life expectancy for domestic cats in Britain was 11.7 years. They found that the average life expectancy for cats in the UK was 11.7 years, and female cats could expect to live 1.33 years longer than males.
Persons: , Kendy Teng, we’re Organizations: CNN, Royal Veterinary College, Chung Hsing University, of Feline Medicine, Cat Association, Animal Welfare Locations: United Kingdom, Taiwan, Ontario, Canada, Britain
Watching the red carpet at Monday night’s Met Gala, I couldn’t help but recall a prediction I’d heard from Emily Kirkpatrick, who writes the Substack newsletter “I <3 Mess.” She’d told me recently that, before the end of 2024, it’s possible that “someone is going to show up fully nude on a red carpet.”That didn’t happen at this year’s gala, but it got very close, as Doja Cat — who appeared earlier this year at the Grammy Awards in what was called “the most naked dress ever” — presented at the Met Gala in a long, clinging, soaking wet, transparent and entirely revealing white T-shirt by the label Vetements. Near-nudity is everywhere, at least on celebrities and the celebrity adjacent. Bianca Censori, Kanye West’s 29 year-old partner, wandered around Paris wearing a cropped jacket with sheer pantyhose and seemingly nothing on underneath, her modesty preserved only by the stockings’ single center seam. Julia Fox attended a fashion launch with three silver medallions covering her private parts under a long — and frequently parted — trench coat. This nearly nude look is not, as one might imagine, evidence of an increasingly oversexed culture, but rather of a culture that’s increasingly over sex.
Persons: Emily Kirkpatrick, ” She’d, , Bianca Censori, Kanye, Julia Fox Locations: Paris
Ukraine used exploding drone boats to attack Russian naval assets on Monday. AdvertisementUkraine appears to be arming its naval drones with heat-seeking missiles to defend against air attacks, an unusual innovation for Kyiv's growing arsenal of explosive unmanned systems. Equipping the Ukrainian drones with this kind of air-combat munition could help them defend against aerial attacks, war watchers suspect. In the Black Sea, Russian forces spotted a Ukrainian USV armed with a twin rail launcher for R-73 all-aspect IR homing air-to-air missiles. Monday's naval drone attack marked the latest strike on a Russian naval asset.
Persons: , 🐈🇺 Organizations: Service, br Locations: Ukraine, Russian, Crimean, Moscow, Ukrainian, Crimea, Kherson
Cramer's Lightning Round: CME Group is a buy
  + stars: | 2024-05-07 | by ( Julie Coleman | ) www.cnbc.com   time to read: 1 min
Stock Chart Icon Stock chart icon Caterpillar's year-to-date stock performance. Stock Chart Icon Stock chart icon C3.ai's year-to-date stock performance. Stock Chart Icon Stock chart icon CME Group's year-to-date stock performance. CME Group : "[buy, buy, buy!] Stock Chart Icon Stock chart icon Tesla's year-to-date stock performance.
Organizations: CME
Eric Schmidt backed out of buying the Alfa Nero megayacht last year. The ship — one of the biggest yachts owned by a tech billionaire —was listed for about $161 million. AdvertisementLast year, Eric Schmidt made waves in the yachting community when news came out that he was the soon-to-be owner of the Alfa Nero, an 81-meter megayacht that belonged to a sanctioned Russian oligarch. But as the sale proceedings went on, legal challenges piled up as people laid claim to Alfa Nero, and Schmidt backed out of the deal. In September 2023, just three months after he won the Alfa Nero auction, the billionaire purchased Kismet, renaming her Whisper, Business Insider has learned.
Persons: Eric Schmidt, Alfa Nero megayacht, Shahid Khan, , Alfa Nero, Schmidt, Marcus Brandt, Shahid Khan — Organizations: Alfa, Service, Google, Bloomberg, Getty, Jacksonville Locations: Russian, Antigua, Barbuda, Russia, Ukraine, Caribbean
Nods to the event’s dress code, JG Ballard’s 1962 short story “The Garden of Time,” came in all forms. Wisdom Kaye's Robert Wun suit included a corsage, burnt at the edges like the lapels of his overcoat and hat. Coleman Domingo similarly finished off his billowing Willy Chavarria suit with black-rimmed eyes and a drooping bunch of wistful white lilies. Barry Keoghan's Burberry suit came with a satin necktie, top hat and three watches. Mike Coppola/MG24/Getty Images for The Met Museum/VogueAs always, a few stars miss — or dodge — the theme entirely, and menswear this year was no exception.
Persons: Gigi Hadid, Jordan Roth, Emily Ratajkowski, , Lewis Hamilton, Nicholas Galitzine, Jeremy Strong, Jonathan Bailey, Vogue, Loewe, Jonathan Bailey's peony bowtie, Aliah Anderson, , Mike Faist, Josh O’Connor, , O’Connor, clogs, Dan Levy’s, Jamie Dornan’s, Robert Wun, John Shearer, Seán McGirr, Alexander McQueen, Usher, Wisdom Kaye, Coleman Domingo, Willy Chavarria, florals, Barry Keoghan's Burberry, Taylor Hill, Jeff Goldblum, Count Axel, Gilbert Flores, Barry, Andrew Vottero, Prada, ” Goldblum, Emma Chamberlain, Hannah Bagshawe, Eddie Redmayne, Steve O Smith, Mike Coppola, Taika Waititi, Oscar Organizations: CNN, Burberry, Variety, Getty, Vogue, The Met Museum
Bad Bunny, Jennifer Lopez, Chris Hemsworth and Zendaya will co-chair this year's Met Gala for the exhibition "Sleeping Beauties: Reawakening Fashion." The first celebrities to appear will be Gala co-chairs Zendaya, Jennifer Lopez, Bad Bunny and Chris Hemsworth, the last of whom is making his Met Gala debut. What was the first Met Gala theme? Gwyneth Paltrow famously called the Met Gala “un-fun” in 2013 and said she’d “never” go again, but returned in 2017 (and 2019). Met Gala guests have often broken the no-social-media rule to give a more candid glimpse of who is hanging with who and what goes on behind closed doors.
Persons: CNN —, , Jared Leto’s, Rihanna, J.G, Ballard, Andrew Bolton, Bunny, Jennifer Lopez, Chris Hemsworth, Zendaya, James Devaney, Victor Aubry, Christina House, Neil Mockford, Bad Bunny, Anna Wintour, Wintour, Arturo Holmes, Karl Lagerfeld, Rei Kawakubo, Charles James, Christian Dior, Alexander McQueen, Gianni Versace, Angela Weiss, Lagerfeld, Anne Hathaway, Nicole Kidman, Jenna Ortega, Chanel, Fendi, Eleanor Lambert, Diana Vreeland, LaunchMetrics, Calvin Klein, , ” Cher, Ron Galella, , Lady Gaga, Kardashian, Jenners, Donald Trump, James Corden’s, Demi Lovato, Zayn Malik, Tina Fey, Fey, David Letterman ”, backtrack, Gwyneth Paltrow, she’d “, Olivia Wilde, Margaret Zhang, Kevin Mazur, Bella Hadid, Dakota Johnson, Jason Derulo, Jay, Solange, it’s, ” Wilde Organizations: CNN, Metropolitan Museum of Art, Costume Institute, Los Angeles Times, American Vogue, New York Times, Getty, Super, Hollywood, Vogue, “ Vogue China Locations: New York, British, American, China
CNN —Palestinian civilians told to evacuate eastern Rafah by the Israeli military have described their fear and despair at being uprooted from their homes and shelters, as Israel airstrikes hit Gaza’s southernmost city. “We left because they distributed leaflets,” Mohammed Ghanem, a resident in eastern Rafah told a CNN stringer in the area on Monday. They are killing women and children.”Another woman from eastern Rafah said, “The Israelis sent us messages ordering us to leave. It is not only my feeling, it is everyone’s feeling.”Many of those leaving eastern Rafah have been previously displaced multiple times as Israel’s focus moved from city to city. A woman called Maha said Palestinian civilians were at the mercy of the Israeli military.
Persons: ” Mohammed Ghanem, , , Ghanem, Khan Younis, Ramadan Abed, Volker Türk, Faisal Barbakh, Malek, Yousef, , Mohammad Abu Khamash, It’s, ” Scott Anderson, Jan Egeland, Ahmad Safi, Safi, Abu Salah, Maha Organizations: CNN, Reuters, United Nations, Norwegian Refugee Council, Israel Defense Forces, Frontieres, ” MSF, UN Children’s Fund, UNICEF, UN, Palestinian Civil Defense Locations: Rafah, Israel, , Mawasi, Gazan, Rafah’s, Gaza, , Israeli, Palestinian
Celebrities wore couture, Doja Cat wore a wet t-shirt
  + stars: | 2024-05-06 | by ( Sean Clark | ) edition.cnn.com   time to read: 1 min
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Cheryl Simmons, a parking lot attendant, lives in her car but makes too much for affordable housing. She lives in her car, even though she makes about $42,000 a year. She makes slightly too much for a single-room occupancy unit in affordable housing and exceeds the income limit for food stamps and other government assistance. AdvertisementSimmons is one of the 30 million "peak boomers" entering retirement age in the next few years, but most are not financially prepared to retire. A new report from the Alliance for Lifetime Income's Retirement Income Institute found that 52.5% of peak boomers have below $250,000 in assets.
Persons: Cheryl Simmons, Simmons, , she'll, she's, ALICE —, ALICE, it's Organizations: Service, Alliance, Lifetime, Assistance, Food Locations: San Diego, Albuquerque, California, Texas
On Sunday evening, the rapper Doja Cat swept into an upscale French restaurant in SoHo carrying a disposable Starbucks cup. She stashed it at the bar, and then made her way to the rear of the room to kiss the actress Pamela Anderson on one makeup-free cheek. Ms. Anderson was hosting a party with the label Monse as a kind of amuse-bouche for the Met Gala the next night. “I’m going to be walking all of those scary feelings out,” she said. Guests sipping Sancerre traded thoughts on increasingly elaborate gala prep routines.
Persons: Pamela Anderson, Anderson, Ms, “ I’m, , radishes, sipping Sancerre Locations: SoHo, La
TikTok is sponsoring the Met Gala this year, and CEO Shou Chew is expected to be there. The "ban or divest" law was just passed 2 weeks ago, and TikTok plans to fight it in court. Related storiesIt just so happens that TikTok is a main sponsor for this year's Met Gala, so that's why Chew is expected to be there. AdvertisementThe Met Gala is a beloved, fun event with a highbrow sheen. It will be interesting to see if the images of Chew from Monday's gala will affect the public's current understanding of him and TikTok.
Persons: TikTok, Shou Chew, Chew, , Jennifer Lopez, Rihanna, Shou Chew —, Jeff Bezos, Lauren Sanchez, Adam Mosseri, Elon Musk, Mark Zuckerberg, Ralph Lauren Organizations: Service, The New York Times Locations: Monday's
What did the stars wear to the Met Gala on Monday night? The singer Rita Ora attended the event wearing multicolored strings of beads by Marni that cascaded down a sheer bodysuit. A trompe l’oeil gown by Diesel superimposed an image of a naked torso atop Kylie Minogue’s real one. Nakedness on the red carpet may still scandalize, but it is time tested: Consider Rose McGowan’s backless mesh dress at the Video Music Awards in 1998, which she has described as a statement about reclaiming her body. On the Met Gala carpet this year, the approach seemed to catch on more than usual, even after barely-there clothing took over the spring 2023 runways in New York, London, Milan and Paris.
Persons: Rita Ora, Doja, Kylie Minogue’s, Vanessa Friedman, Adam, Eve Organizations: Diesel Locations: New York, London, Milan, Paris
So I did it and it worked, and I made an awful lot of money for people. My advice was so profitable that these clients started recommending me to their friends in other businesses and industries. By and large, the businesses I worked with are not good forces in the world — they're capitalist extractive machines. AdvertisementMy spiritual clients pay me a flat monthly fee ranging from a minimum of £4,000 to a maximum of £20,000. I charge a minimum retainer fee of £2,000 per month, but my real income comes through a success fee.
Persons: Kate Tomas, I've Organizations: Service, Business, Oxford Locations: Wales, London, Hollywood
According to an April 28 report from Goldman Sachs, the demand for power from AI data centers is expected to increase by 160% between 2023 and 2030. The report states that the rate of demand growth expected in the next five years has not been witnessed since the beginning of the century. AdvertisementFluence Energy (FLNC) provides clean energy storage that can serve as a power supply backup source if data centers experience outages. NextEra Energy (NEE) is a US energy company already providing power to data centers and demand from its electricity supply is expected to grow. nVent Electric (NVT) is an electrical parts supplier that provides liquid cooling, enclosures, power distribution, and cable management for data centers.
Persons: , Goldman Sachs, Goldman, it's, Kinder Morgan Organizations: Service, Real, Business, Microsoft, Fluence, Google, GE, NextEra Energy, Co, Georgia Power, Xcel Energy, Cameco Corporation, EQT Corp, Caterpillar, Eaton Corporation, MYR Locations: US, Canadian
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