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Less than a week after two public sculptures featuring a livestream between Dublin, Ireland, and New York City debuted, “inappropriate behavior” in real-time interactions between people in the two cities has prompted a temporary shutdown. The creators of the sculptures are now “investigating possible technical solutions to inappropriate behaviour by a small minority of people in front of the Portal,” according to a statement from the Dublin City Council. “Dublin City Council had hoped to have a solution in place today, but unfortunately the preferred solution, which would have involved blurring, was not satisfactory,” the City Council said late Tuesday. The Dublin-New York city pairing isn’t the first real-time bridge between cities through these sculptures. The first Portals, according to the organization’s website, linked Vilnius, Lithuania, with Lublin, Poland, in 2021.
Persons: Niall Carson, , Benediktas Gylys, Daithí, de Róiste, , De Róiste Organizations: CNN, New York City, Dublin City Council, City Council, Dublin, AP Organizers, Flatiron NoMad Partnership, Flatiron, Public, Broadway, Fifth, Dublin’s, Mayor, Róiste’s, Smart Locations: Dublin, Ireland, New, New York, , York, Poland, Brazil, Lithuania, City, Vilnius, Lublin
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe market is 'definitely biased towards a rally': Investment firmOmar Itani, head of investment advisory at Edmond De Rothschild Middle East, discusses the outlook for U.S. consumer price index data.
Persons: Omar Itani, Edmond De Rothschild Locations: East
Saudi Arabia's Crown Prince is reportedly open to having "tough conversations" about Vision 2030. MBS might be ready to discuss which projects should proceed first, the Financial Times reported. AdvertisementCrown Prince Mohammed bin Salman may finally be ready to have some "tough conversations" about his ambitious Vision 2030 project. The de-facto Saudi leader is open to discussing which projects should progress and which could wait, the Financial Times reported, citing a person familiar with the thinking at the Public Investment Fund — the sovereign wealth fund. Meanwhile, Saudi has started borrowing to help fund some Vision 2030 megaprojects including Neom, The Wall Street Journal reported.
Persons: Prince, , Mohammed bin Salman Organizations: Saudi, MBS, Financial Times, Service, Public Investment Fund —, Bloomberg, Street Journal, Neom, Business Locations: Saudi
Stocks are vulnerable to a stagflation or hard landing rebound, says Bank of America's Michael Hartnett. AdvertisementStock markets face downturn risk if stagflation or recession anxiety re-materializes, Bank of America's top global strategist Michael Hartnett wrote on Tuesday. "Sentiment not at 'close-eyes-and-sell' levels but risk assets vulnerable to more evidence of stagflation," he noted in the bank's latest Global Fund Manager Survey. Although outlooks have since calmed, stagflation seemed like a growing possibility last month, when estimate-beating inflation data eclipsed shallow first-quarter GDP. Stagflation may have some part to play, as inflation remains the leading tail risk, while fears of an "economic hard landing" grew stronger.
Persons: America's Michael Hartnett, Hartnett, , Michael Hartnett, stagflation Organizations: America's, Service, materializes, Bank of America's, Global Fund, Survey, Japan Utilities, Federal Reserve Locations: China, Europe, Japan
A downgrade revision in March's producer price index helped curb inflation concerns. Fed Chairman Jerome Powell signaled that interest rates will have to remain higher for longer. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . While April's producer price index gained 0.5% against expectations of a 0.3% rise, March's data was revised to show a 0.1% decline. Many are also waiting to see Wednesday's consumer price index release, before determining whether to retreat from markets.
Persons: Stocks, Jerome Powell, , Quincy Krosby Organizations: Service, Nasdaq, Federal, Global, LPL, AMC Locations: Here's
German Air Force Eurofighter Typhoon fighter jets fly during a media day. Piroschka van de Wouw/ReutersDespite their generational differences, the F-22 Raptor and Eurofighter Typhoon actually have a number of things in common. A German air force Eurofighter Typhoon taxis toward the runway at Eielson Air Force Base in Alaska before departing for a combat-training mission, June 11, 2012. So what's the verdict between the F-22 Raptor and Eurofighter Typhoon? A composite image showing a German air force Eurofighter Typhoon jet and a US Air Force F-22 Raptor.
Persons: , Valerie R, David Cenciotti's, Piroschka van de Wouw, it's, Randy Gordon, Sam Eckholm, doesn't, Rich Wells, Thomas Wiegold, John P, Michael Holzworth, It's, Marc Gruene, haven't, Gruene, isn't, Jens Stoltenberg, Bernd Wüstneck, Eurofighters, Chris Jung, That's, Eric Wicklund, Erich Hartmann, He's, Alex Muller, Andreas Pfeiffer, who's, Thomas Bergeson, Wade Tolliver, we're, Dirk Smith, Mike, Bertie Simmonds, Micheal Jordan, Chesty Puller Organizations: Service, EA, German Eurofighter Typhoons, Business, Eurofighter, Spangdahlem Air Base, US Air Force, Tactical Air Force, America's Raptors, BFM, Germany's Eurofighter, Farnborough, Air, Germany's, German Air Force Eurofighter, Reuters, Typhoon, MIT, RAF, Breaking Defense, AIM, Air Force, Staff, Raptors, Eielson Air Force Base, Tech, Germany's Air Force, Combat Aircraft, TVC, Raptor, NATO, Tactical Air, Getty, Typhoons, Seoul International Aerospace, Defense, Eurofighters, 4th, US Navy, KC, Red Flag, Navy SEAL, ISIS, Qaeda, Flag, FS, Eurofighter Typhoon Locations: Germany, Alaska, Red, Estonia, Vietnam, Flag Alaska, gun's, American
Diamond rings are displayed in a cabinet inside a De Beers SA store in Hong Kong, China, on Thursday, Sept. 14, 2017. Photographer: Calvin Sit/Bloomberg via Getty ImagesAnglo American plans to spin off its highly prized De Beers diamond unit as part of a sweeping restructuring of its 107-year-old business as it seeks to fend off persistent takeover bids from mining rival BHP Group . The British miner said in a statement Tuesday that De Beers could be divested or demerged to "improve strategic flexibility." CEO Duncan Wanblad said the restructure, which represents "the most radical changes to Anglo American in decades," would help streamline the business and provide greater value to shareholders. The announcement comes just a day after Anglo rejected an improved takeover proposal from BHP.
Persons: Bruce Cleaver, Calvin Sit, De Beers, Duncan Wanblad, Wanblad, Organizations: De Beers SA, Bloomberg, Getty, BHP Group, BHP Locations: Hong Kong, China, London
Now, new research has revealed that there are two distinct species of giant hummingbird in South America — the northern giant hummingbird that lives year-round in the Andes, and the migratory southern giant hummingbird — and they have been evolving separately for millions of years. A southern giant hummingbird is seen flying from its breeding grounds in central Chile. “We wanted to finally solve this mystery.”Designing backpacks for hummingbirdsGiant hummingbirds differ from hundreds of other hummingbird species in many other ways. A southern giant hummingbird is fitted with a tiny backpack-like geolocator tracking device in central Chile. “The two forms of giant hummingbird look almost identical — for centuries, ornithologists and birders never noticed that they were different.
Persons: Charles Darwin, Darwin, Chris Witt, , Jessie Williamson, , ” Williamson, Emil Bautista, Williamson, Christopher Witt, birders, ” Witt, chaskis, “ I’m Organizations: CNN, HMS, National Academy of Sciences, National Science Foundation, Cornell, of Ornithology, Swifts, Centro, Biology, Museum of Southwestern, University of New Locations: New York City, Buenos Aires, South America, Chile, Ithaca , New York, Peru, Biodiversidad, Lima, Peruvian, Chilean, University of New Mexico, Inca
Most recently, they're evolving to help advertisers drive a high volume of quality leads. They use instant forms that allow customers to share simple information like name, email, and budget to generate quality leads that drive sales. To make the most of Meta's lead generation solutions, consider these four tips. Watch the video to hear more tips from advertisers who are driving quality leads at scale with Meta's instant forms, or learn more here. Conversion from lead to quality lead occurs when a user takes a qualifying, lower funnel action identified by the business, which moves them into a "quality lead" status.
Persons: Aly Gomez, John, John Wai, that's Organizations: John Wai Martial Arts, Meta, Partners, Meta Business, BR, SK, JP Locations: Dallas , Texas
Heli-hiking on a remote slice of Vancouver Island in Canada. Concocting your own perfume in southern France. Planning a shoot with a New York fashion photographer. Now that amenities like infinity pools and posh spas (rebranded as wellness centers) are practically de rigueur at upscale lodgings, many properties are trying to distinguish themselves with activities that are ever more bespoke and brag-worthy. Indeed, said Janelle Ruhumuliza, a travel adviser with Embark Beyond, “experiences have to go further than what they were before.” She notes that social media has amplified travelers’ desire to “one-up” what others are doing online.
Persons: , Ashley Isaacs Ganz, Janelle Ruhumuliza Organizations: Leisure Locations: Vancouver, Canada, France, New York
The restrictions build on Trump-era measures, and many are likely to appeal to voters in battleground states ahead of the election. But it’s less clear if they are enough to rebuild America’s industrial base in a global race with China to lead in the new economy. The new duties will apply to about $18 billion of annual Chinese imports, the Biden administration said. Biden is at pains to say that he’s being smarter than Trump on China. Trump imposed sweeping trade barriers and has vowed to impose more if he’s re-elected.
Persons: Biden, Donald Trump, Trump, he’s Organizations: China, Trump Locations: China, American, U.S
It looks like Elon Musk realized he needs his Supercharger team after all. The mercurial billionaire axed the entire charging infrastructure team two weeks ago. AdvertisementTesla CEO Elon Musk is re-hiring some of the workers from the Supercharger team he dissolved two weeks ago, Bloomberg reported on Monday. Last month, Musk said in an email to his staff that he was dissolving the team behind Tesla's Supercharger charging-station network, per The Information. Musk has brought back some Supercharger workers, including Tesla's charging director for North America, Max de Zegher, Bloomberg reported, citing people familiar with the matter.
Persons: Elon Musk, , Musk, Max de Zegher Organizations: North, Service, Bloomberg, North America Locations: North America
The ongoing S&P 500 rally could extend to 5,500 this year, UBS said. Tech earnings have remained strong, with ex-Mag 7 tech firm profits revised 7% higher since March. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementWith last month's equity jitters already quashed, the ongoing rebound is the start of an extensive summer rally, UBS said. According to a note published Tuesday, the S&P 500 could reach the firm's upside scenario of 5,500 by this year's end.
Persons: Disinflation, , Marcelli, That's Organizations: UBS, Tech, Service, Global Wealth Management, Microsoft, Nvidia, Apple
Central banks accounted for one-quarter of gold demand in 2022 and 2023, as the institutions bought over 1,000 tons of gold each year, according to the World Gold Council in a recent report. Related storiesThe world's central banks continued buying gold, snapping up 290 tons of gold in the first quarter of this year — the strongest start to any year on record, according to the council. AdvertisementThis suggests that gold purchases by some central banks may have been driven by concerns about sanctions risk, Gopinath said. Central banks will keep buying, despite high pricesWhile China's central bank gold buying has been hogging the headlines, other central banks are also loading up on gold. The World Gold Council wrote in its recent report that other big gold buyers included Turkey and India.
Persons: , Gita Gopinath, it's, Gopinath, IMF's Gopinath Organizations: Service, Monetary Fund, Business, World Gold, US Treasury, Agency, JPMorgan Locations: Ukraine, Central, Russia, China, Turkey, India
Her relationship with her mother came to a tipping point when Bettencourt Meyers initiated a decade-long family feud over her inheritance. A photographer named François-Marie Banier was the subject of a disagreement between Bettencourt Meyers and her mother. In a 2008 letter to Banier, Bettencourt described their relationship to him, writing: "With you, I am like a mother, a lover, all the feelings pass through me. Bettencourt Meyers told a French news magazine in 2009 that Mr. Banier's "objective is clear: break away my mother from our family to profit from her. He was sentenced to two and half years in prison and told to pay Bettencourt 158 million euros in damages.
Persons: Bettencourt Meyers, Marie Banier, François, Liliane Bettencourt, Bettencourt, Banier, Bainer, Butler Organizations: New York Times, Banier, Netflix
Major indexes were slightly higher after the data as investors assessed the impact on rate cut outlooks. April's producer price index data beat estimates, gaining 0.5% for the month against 0.3% consensus estimates. The PPI data comes a day before Wednesday's consumer price index and will give investors a broader frame of reference. If CPI data is equally hot, the stuttering stock rally could face even more negative consequences. The 10-year Treasury briefly topped 4.5% after the PPI data before slipping by about one basis point to 4.465.
Persons: Jerome Powell, , Chris Zaccarelli, Keith Gill Organizations: Service, PPI, Independent, Federal, GameStop, AMC, Treasury, Here's
Deutsche Bank maintained a hold rating on Nvidia ahead of earnings next week, while Wells Fargo raised its price target. The firm downgraded shares to neutral from buy while lowering its price target to $35 from $55. He has a $850 price target on shares, indicating shares pulling back nearly 6% from Monday's close. The analyst raised his price target on the stock to $1,150 from $974, implying upside of more than 27%. He also raised his price target to $78 from $68, implying upside of 19% from Monday's close.
Persons: Wells Fargo, Roth, Roblox, Eric Handler, Handler, — Hakyung Kim, Tesla's, Elon Musk's, Tesla, Dan Levy, Levy, Hakyung Kim, Jefferies, Boston Beer, Samuel Adams, seltzer, Kaumil, Boston Beers, Seltzer, Gajrawala, Ross Seymore, NVDAs, Seymour, Wells Fargo's Aaron Rakers, Rahul Krotthapalli, Krotthapalli, Fred Imbert Organizations: CNBC, Nvidia, Deutsche Bank, JPMorgan, Roth Capital Partners, Barclays, Jefferies, Boston Beer, Boston, Deutsche, Fitness Locations: Monday's, Boston
New York CNN —Planning a summer vacation in Europe usually requires an exorbitant amount of cash, but when Taylor Swift is involved, it actually might be a deal. For example, secondary market ticket prices for Swift’s show in Stockholm, Sweden, this Saturday are as cheap as $300 for standing room-only and seats in the nosebleed sections. Compare that to Swift’s show in Miami in October where seats are selling for about $2,000 to as much as $8,500 on StubHub. Julien De Rosa/AFP/Getty ImagesAlthough Europe’s laws on ticket resale vary country by country, a number of them, including Ireland and Portugal, ban ticket sellers from making a profit on the secondary market. For Swifties looking to jump over the pond for their London Boy, Shemtob recommends using ticket sellers such as Ticketmaster, AEG, Eventim or Twickets.
Persons: Taylor Swift, Swift, Sam Shemtob, Julien De Rosa, reselling, Shemtob, it’s, Organizations: New, New York CNN, Union, Alliance, CNN, Friends Arena, Swedish men’s national football team, Sweden isn’t, Getty, EU, Digital Services, European Court, Justice, , London, Ticketmaster, AEG Locations: New York, Europe, Stockholm, Sweden, Swedish, Miami, New Orleans, Indianapolis, Portugal, Spain, Germany, Paris, AFP, Ireland, France, EU
Hyper-luxury golf carts that you can drive on the road
  + stars: | 2024-05-13 | by ( Jack Bantock | ) edition.cnn.com   time to read: +7 min
But one Danish company is on a mission to put the art in golf cart. “When it came to the golf cart 18 years ago, they all looked the same – there weren’t any serious high-end products out there,” Lynge told CNN. You want something that’s sort of Lamborghini-shaped – very low and wide – but the golf cart is the exact opposite.”Tiger Woods rides a conventional golf cart at a tournament in 2005. Lynge took the prize ceremony event as an opportunity to pitch a dream that would be realized in 2016 – a Garia golf car inspired by Mercedes-Benz Style. “Really expensive … super exclusive, but also the coolest golf car you’ll ever see,” Lynge said.
Persons: Anders Lynge, Soren Bak Hansen, ” Lynge, Garia, Lynge, , , Woods, Jeff Gross, Mercedes, Lars Larsen, Lynges, , we’ve Organizations: CNN, Augusta National, Garia, Bentley, Lamborghini, Kussmaul, Mercedes, Benz, US, Lars Larsen Group Locations: Turnberry, Scotland, Copenhagen, German, Europe, , London
"Big Short" investor Danny Moses is still betting against Tesla stock and expects it to fall to $50. Tesla's focus on Robotaxis and AI is a distraction from its "falling apart" core business, he told CNBC. AdvertisementTesla's stock is cruising toward a steep correction, and will see a drop-off that even new tech initiatives can't steer around, investor Danny Moses told CNBC. The Moses Ventures founder revealed a Tesla short last year, sparked by a frustration over CEO Elon Musk's purchase of X, formerly Twitter. While Moses holds Tesla as his primary short, he touted a separate autonomous driving firm called Wayve.
Persons: Danny Moses, Moses, , Tesla, Elon Musk's, Bill Gates Organizations: CNBC, DOJ, Service, Moses Ventures, Elon, Department of Justice, Nvidia
CNN —The Atlanta Hawks will be selecting first in the 2024 NBA Draft after winning the Draft Lottery conducted at the McCormick Place Convention Center in Chicago on Sunday. Atlanta had a 3% chance at landing the top pick after finishing 10th in the Eastern Conference this season with 36-46 record. The Hawks have never had the first pick since the NBA moved to a Draft Lottery in 1985. The Washington Wizards, who were tied with the Detroit Pistons for the highest odds to land the top pick at 14%, will have the second pick. The 2024 NBA Draft will take place from June 26-27, in the first-ever two-day event at Barclays Center in Brooklyn, New York.
Persons: David Thompson, Victor Wembanyama, Alex Sarr Organizations: CNN, The Atlanta Hawks, Sunday, Atlanta, Eastern Conference, Hawks, Orlando Magic, NBA, Washington Wizards, Detroit Pistons, Houston Rockets, San Antonio Spurs, Pistons, Barclays Center Locations: McCormick, Chicago, N.C . State, Brooklyn , New York
US average rent rose to just under $2,000 per month in April, Zillow reports. Tenants now need to earn 36% more than they did in 2019 to afford a typical rent. While rent growth continues, multifamily construction has softened its advance. Since the pandemic's start, rent has increased 31.4%, though income has only grown 23% through February. This story is available exclusively to Business Insider subscribers.
Persons: Zillow, , haven't Organizations: Service, Business
Wall Street is increasingly divided over whether the Fed will cut interest rates by Election Day. New inflation data out this week will go a long way toward settling that question, as polls show that President Biden is struggling to convince voters that he’s done a good job on the economy. A first-quarter uptick in inflation has forced the Fed to keep borrowing costs at a 23-year high. Economists see a slight improvement, forecasting that April’s Consumer Price Index report on Wednesday will show that inflation moderated slightly last month. (Economists will also be watching Tuesday’s Producer Price Index and retail sales data on Wednesday.)
Persons: Biden, he’s, Sarah House, Organizations: Fed Locations: Wells Fargo
Barcelona, Spain — Spain’s Socialists won the biggest share of the vote in Sunday’s Catalan elections, dealing a serious blow to more than a decade of separatist governance and the independence dreams still nursed by some in the wealthy northeastern region. Spain’s largest opposition party, the conservative People’s Party, also had a good night, seeing the biggest increase since the last vote in 2021 from three seats to 15 on Sunday. Socialist candidate Salvador Illa makes a toast with members of his team and party colleagues after the announcement of the results of the elections. Emilio Morenatti/APSpeaking as the voting count concluded, Illa hailed a “new era” for the region. Illa’s Socialists will also need to forge an agreement - most likely with the ERC - but separatist parties until now have rejected any suggestion of helping the national ruling party govern in Catalonia.
Persons: Spain —, Salvador Illa, Junts, Esquerra, Pedro Sanchez’s, Emilio Morenatti, Illa, Pere Aragones, Carles Puigdemont, Joan Esculies, Organizations: Spain — Spain’s Socialists, Socialists, People’s Party, Socialist, restive, ERC, CUP, Illa’s Socialists, AC Locations: Barcelona, Spain, Sunday’s, Catalonia, restive Catalonia, Junts
De-dollarization efforts won't do much to dethrone the dollar, Morgan Stanley said. There are no true alternatives to holding the US dollar at the moment, Morgan Stanley strategists said. AdvertisementThe dollar's status as the top currency of central banks and for international trade probably isn't fading soon, according to Morgan Stanley. "Now, reasonable people can disagree about whether cryptocurrencies are going to appreciate or depreciate, but I'd argue that the best outcome for a dominant currency is neither." Displacing a dominant currency is something that happens over the course of decades, economists previously told Business Insider, as it takes time for people to shift to other currencies once a dominant currency is recognized as "safe."
Persons: Morgan Stanley, , James Lord, Michael Zezas, That's, Lord, there's, Zezas, Crypto, David Adams, Morgan Stanley's Organizations: Service, Rivals, greenback, Business Locations: Beijing, China
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