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‘Aha’ momentCynthia Wilson and her husband Craig Bjork relocated from the US to Marinha Grande, situated in the Leiria District of Portugal, just over two years ago. Community spiritThe couple celebrate Wilson's first birthday in Portugal with friends. “My Portuguese friends taught me that you have to first recognize their humanity,” says Wilson. There’s no place for that.”Wilson has warmly embraced the Portuguese way of life, particularly the focus on food, which has long been a big part of her life. Doing something odd.”Wilson and Bjork say that they’ve had “zero problems” since relocating to Portugal and couldn’t be happier.
Persons: CNN — They’d, Cynthia Wilson, Craig Bjork, Wilson, , I’ve, ” Wilson, , Bjork, , it’s, Wilson's, , Cynthia Wilson “ Retirement’s, that’s, I’m, hasn’t, ” “, , they’ve, Dulce Silva, Sérgio Carvalho, grandly, Rainha Joia, Maria da Silva, Cynthia Wilson Wilson, “ There’s, couldn’t Organizations: CNN, CNN Travel, Facebook Locations: Portugal, Europe, Seattle, Estonia, Marinha, Leiria District, Lisbon, Kansas, Wichita , Kansas, Marinha Grande, Porto, Algarve, San Francisco, Manhattan, Florabela, America,
Saudi AI firm Alat would divest from China if the US requests it, CEO Amit Midha told Bloomberg. Saudi Arabia has been pouring billions into AI and semiconductor initiatives in an attempt to become a major hub. AdvertisementA new state-backed Saudi Arabian fund centered on semiconductor and AI technology has guaranteed that it would divest from China if Washington requests it. Officials have long portrayed China's access to AI and semiconductor technology as a national security threat. US officials have already had to mandate AI firms to divest from China, such as G42.
Persons: Amit Midha, , Midha, that's Organizations: Bloomberg, Service, Milken Institute Global Conference, Saudi Arabia's Public Investment Fund, Officials, Silicon, New York Times, United Arab Emirates, Microsoft Locations: Saudi, China, Saudi Arabia, Washington, Beijing, Alat
The company argues that the law violates the First Amendment by effectively killing an app in the U.S. that millions of Americans use to share their views. Another problem: a divestiture within 270 days is practically impossible, Sapna Maheshwari and David McCabe report for The Times. DealBook spoke with Maheshwari about the lawsuit filed yesterday and what happens next. Do legal experts think TikTok has a chance at winning? Alan Rozenshtein, an associate professor at the University of Minnesota Law School, says that a victory is possible based on the “very, very substantial First Amendment challenge” involved.
Persons: TikTok, Sapna Maheshwari, David McCabe, DealBook, Maheshwari, Alan Rozenshtein, Organizations: U.S, The Times, University of Minnesota Law School Locations: Washington, ByteDance, U.S
Scroll In June 2020 I was kidnapped by armed men and heldfor ransom. Photographs and text by Manuel Bayo Gisbert I was kidnapped by armed menand held for ransom. In Mexico we say that when you see or experience something painful it can make us sick with horror. I turned to the families of the missing people of Mexico. In Mexico, We Harvest Pain and DeathOn Aug. 19, 2023, three years after I was kidnapped, my uncle Fernando Bayo was taken by four armed men in Acapulco.
Persons: Manuel Bayo Gisbert, Manuel Bayo, Ivonne’s, Hilda, Cheli’s, Rafael, Miguel Ángel, Justina’s, Abelardo, Lucio Cabañas, Cirino, , , Práxedes Giner Durán, Álvarez, Juárez, , Felipe Calderón, Calderón's, she’s, , Pachuca … It’s, Andrés Manuel López Obrador, López Obrador, Fernando Bayo Organizations: Mexico City, Mexican Army, Mexican, , Pachuca …, National, Brigade, Residents, Inter, American, Human, Signals, National Search Brigade Locations: Leer, español, Mexico, Parres, Chilpancingo, Guerrero, El Conchero, El Ticuí, Ciudad Madera, Chihuahua, Atoyac, Ciudad Juarez, Texas, , Pachuca, Veracruz, of Mexico, Ayotzinapa, U.S, Yecapixtla, Acapulco, Tihuatlán, Santiago, Mexico City
April saw the highest number of corporate bankruptcies in a year, S&P Global said. Eroding bets of an interest rate cut contribute to this, as burdened business throw in the towel. AdvertisementCorporate bankruptcies increased in recent months amid teetering confidence in a quick interest rate pivot. AdvertisementBy one measure, rising costs did slow when a rate cut looked likely in early 2024. But last month's stubborn inflation and slowing GDP made a Fed cut look unlikely, and yields shot up to 8.11%.
Persons: , April's, Frances Donald Organizations: P Global, Service, Federal, ICE, Fed, Investment
Korea's convenience stores and vending machines are selling gold, with younger people flocking to buy. Bite-sized gold bars have been selling since April, weighing in between 0.1 and 1.87 grams. AdvertisementGold bars are displayed for sale alongside packaged kimchi and ramen in convenience stores across Korea, with the yellow metal gaining among younger consumers in 2024. AdvertisementYoung Koreans are leading the pack of buyers snapping up gold from CU stores, accounting for 41.3% of the total purchases, according to data from the company's app. However, the country's central bank hasn't joined the gold rush, keeping its gold reserves steady at 104.4 tons since 2013.
Persons: , hasn't, China —, David Rosenberg, Ed Yardeni Organizations: Service, Printing Corporation, Chosun, CNBC, World Gold Council Locations: Korea, South, South Korea, Asia's, China
Ad industry watchers are waking up to the fact that TV's big star is Google's YouTube. YouTube is ready to capitalize as it heads into TV's big upfront selling season. Industry observers widely believe YouTube is taking in far less ad revenue than it should be, based on its share of view time. Why YouTube is big on live sportsYouTube also affirmed its commitment to the industry's most sought-after content, live sports. YouTube still faces legacy ad buying structures where some agencies still buy old-fashioned TV and social video separately.
Persons: Nielsen, Neal Mohan, Mary Ellen Coe, Sean Downey, Zach King, Haley Kalil, Billie Eilish, Brian Albert, Brandcast, Donald De La Haye, Deestroying, Albert, Kate Alessi, Tricia McCormack, Brian Wieser Organizations: YouTube, Netflix, Hulu, Industry, Business, US, Google, NBA, Disney, Systems Locations: New York
Firefighter Anthony Martinez rates depictions of fires and firefighting scenes in movies and TV shows. He breaks down how a real back draft works in "Backdraft," starring Kurt Russell and Robert De Niro. He explains fire safety in supertall buildings as seen in "Skyscraper," starring Dwayne "The Rock" Johnson; and "The Towering Inferno," starring Steve McQueen, Paul Newman, and Faye Dunaway. He analyzes how vehicle fires are portrayed in "Crash," starring Matt Dillon, Thandiwe Newton, and Sandra Bullock. Finally, he examines the house fires in "End of Watch," starring Jake Gyllenhaal and Michael Peña; and "Ladder 49," starring John Travolta and Joaquin Phoenix.
Persons: Anthony Martinez, Tobey Maguire, Kirsten Dunst, Willem Dafoe, Pete Davidson, Bill Burr, Steve Buscemi, Kurt Russell, Robert De Niro, Dwayne, Johnson, Steve McQueen, Paul Newman, Faye Dunaway, Chuck, Larry, Adam Sandler, Kevin James, Matt Dillon, Thandiwe Newton, Sandra Bullock, Jake Gyllenhaal, Michael Peña, John Travolta, Joaquin Phoenix Organizations: Business Locations: Staten Island
Jeff Bezos and Lauren Sánchez attended their first Met Gala together. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementJeff Bezos and Lauren Sánchez attended their first Met Gala together on Monday. AdvertisementThe Met Gala brings together the rich and famous. Individual tickets to this year's event cost $75,000, and the price of booking a table started at $350,000, Time reported.
Persons: Jeff Bezos, Lauren Sánchez, Sánchez, Oscar, la, , It's, Anna Wintour Organizations: Service, Vogue, White House, Metropolitan Museum Locations: Coachella
Markets started were revived last week as the April jobs report renewed hopes of rate cuts. Investors will tune in to Fed speakers this week for further clues about Fed policy. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Morning gains stretched the stock rally into its fourth day, a move up first sparked by Friday's jobs report. A lineup of Fed speakers this week could potentially deepen this notion or, otherwise signal that markets are turning too optimistic.
Persons: Stocks, , David Morrison, Neel Kashkari, Lisa Cook, Austan Goolsbee Organizations: Service, Federal Reserve, Trade Nation, Fed, Minneapolis, Chicago
The recent equity rebound stalled as investor rate cut bets were made uncertain by Fed commentary. Fed President Neel Kashkari said rates might not be restrictive enough to clamp down on inflation. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS stocks were mostly higher Tuesday, with the S&P 500 and Dow Jones Industrial Average continuing to pull slightly higher. His remarks followed similar hawkishness from Fed President Tom Barkin on Monday, who indicated that the economy will need to slow down more before policy can pivot.
Persons: Neel Kashkari, , Tom Barkin, Lisa Cook, Austan Goolsbee Organizations: Disney, Service, Dow Jones, Dow, Minneapolis Federal, Chicago Locations: Minneapolis, Here's
The numbers behind a big fundOn Wall Street, one mystery has been whispered about for months: How accurate is the valuation of Blackstone’s flagship real estate fund? The speculation has arisen because the fund, the $59 billion Blackstone Real Estate Income Trust — more commonly known as BREIT — has managed to keep an “appraised” value of its assets that far exceeds virtually every other real estate fund. Many rivals have fallen in value, some quite dramatically, in the face of high interest rates and a flagging property market. BREIT’s performance has floated above its competition, and it has boasted a 10.5 percent annual return since its 2017 debut. (Those appraisals help to determine a firm’s management fees: The higher the appraisal value, the higher the fees.)
Persons: , Blackstone, DealBook’s Andrew Ross Sorkin, Michael de la Organizations: Blackstone Real Locations: Michael de la Merced
In March 2023, Iran and Saudi Arabia brokered a deal to re-establish diplomatic relations. Related storiesThe US and Saudi Arabia are in the final steps of a new agreement on security guarantees and civilian nuclear assistance, Reuters reported last week. Many of Neom's projects aimed at capturing the luxury tourism market are located along the Red Sea coast. Set to open next year, Neom's luxury island resort of Sindalah is advertised as an "exclusive gateway to the stunning Red Sea." Saudi officials are already fighting to combat claims that Neom is facing delays and setbacks.
Persons: , it's, Israel, Kristian Coates Ulrichsen, Ulrichsen, Robert Mogielnicki, Mogielnicki, Neom Organizations: Saudi, Service, Neom, New York Times, Reuters, Rice, Baker Institute for Public Policy, Gulf States Institute, Bloomberg, Business Locations: Saudi, Dubai, Israel, Gaza, Iran, Saudi Arabia, China, Palestinian, Israeli, Red, Jeddah
Ahead of parliamentary elections widely expected to deliver gains to the hard right, European leaders can barely conceal their anxiety. What is power in contemporary Europe, and how should it be exercised by the European Union? Mr. Macron answered in princely fashion, showing awareness of both the finite nature of every political community — Europe is “mortal,” he said — and its cyclical vulnerability to crisis. Mr. Macron brushed aside the many Europeans who feel the bloc is aloof and inaccessible, describing their disenchantment as a result of “false arguments.” The dismissal was no aberration. This exclusion has changed the contours of the European landscape, paving the way for the radical right.
Persons: Emmanuel Macron, Lorenzo de ’ Medici, Machiavelli, ” Machiavelli, Macron, , Organizations: European Union Locations: Europe, France, Florentine Republic, European
European markets are heading for a positive start to trading Tuesday as traders look ahead to a busy day of earnings reports in the region. BP, S4 Capital, Siemens Healthineers, Deutsche Post, Infineon, Bouygues, UBS, Adecco, Banco de Sabadell and Unicredit are among the companies reporting earnings Tuesday. Overnight, U.S. stock futures flickered near the flatline Monday evening after the Dow Jones Industrial Average wrapped its fourth positive day in a row. Asia-Pacific markets climbed overnight, extending gains from the previous session and buoyed by gains on Wall Street.
Organizations: S4 Capital, Siemens Healthineers, Deutsche Post, Infineon, Bouygues, UBS, Adecco, Banco de Sabadell, Dow Jones Locations: Asia, Pacific
Donald Trump's Mar-a-Lago documents trial has been delayed indefinitely. AdvertisementThe judge overseeing Donald Trump's criminal case over his holding onto secret government documents following his presidency delayed the trial indefinitely — giving him the chance to get rid of the charges if he wins the 2024 election. Another criminal case overseen by Smith, in a federal court in Washington, DC, was previously scheduled for March 4. In that case, Smith alleged Trump broke criminal laws through his efforts to overturn the results of the 2020 election. Trump's attorneys have also made immunity arguments in the classified documents case.
Persons: Donald Trump's Mar, It's, , Donald Trump's, Aileen Cannon, Cannon —, Trump, Carlos de Oliveira, Waltine Nauta —, Jack Smith, de Oliveira, Trump's, Stormy Daniels, — Trump, Smith, MANDEL NGAN, Fani Willis, Juan Merchan, Todd Blanche, Blanche, Merchan, reconvene, Cannon Organizations: Trump, Service, Nauta, Republican, Justice Department, US, Getty Images Locations: Lago, Manhattan, Washington ,, AFP, Getty Images Fulton County, Georgia, York, Florida, New York
Macron Adds a Personal Touch to His Diplomacy With China
  + stars: | 2024-05-07 | by ( Roger Cohen | ) www.nytimes.com   time to read: +1 min
The French president, Emmanuel Macron, who believes that a personal touch is the key to diplomacy, lured President Xi Jinping of China to a 7,000-foot pass in the Pyrenees on Tuesday, expecting to show off the sweeping views that had stamped his childhood, but instead finding dense fog and wild snow flurries. It was a long, slippery road up the mountain, under torrential rain, but that didn’t stop crowds of Chinese admirers with red flags and pennants from gathering in almost every village along the way, miraculously transposed to a remote area of southwestern France and seemingly uniform in their enthusiasm. Undeterred, but running two hours late, Mr. Macron greeted Mr. Xi under an umbrella at one of his favorite restaurants, “L’Auberge du Berger,” or the “Shepherd’s Stop,” where dancers in colorful local dress twirled and jigged to the sounds of a flute, an accordion and a tom-tom. Mr. Xi was impassive, but his wife, Peng Liyuan, smiled broadly and applauded. Using the familiar “tu” form to address Mr. Xi, 70, rather than the formal “vous” that would have been more customary between heads of state, Mr. Macron, 46, offered the Chinese leader a yellow jersey signed by last year’s Tour de France winner, Jonas Vingegaard, a Danish cyclist.
Persons: Emmanuel Macron, Xi Jinping, Macron, Xi, L’Auberge du Berger, , Peng Liyuan, Jonas Vingegaard Organizations: de France Locations: China, Pyrenees, France, Danish
A 12th-century French castle, Château d'Armainvilliers, is being auctioned for around $454 million. The castle was previously owned by King Hassan II of Morocco. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA 12th-century castle that once belonged to a Rothschild is being auctioned for a staggering €425 million, or around $454 million. It was once owned by Edmond de Rothschild, before being sold to King Hassan II of Morocco, a spokesperson for Meuwissen told Business Insider.
Persons: Château, King Hassan II, , Rothschild, Ignace Meuwissen, d'Armainvilliers, Edmond de Rothschild, Meuwissen Organizations: Service, Meuwissen, Business Locations: Morocco, Paris
Nvidia stock still has 22% upside, even after its near-doubling this year, according to Goldman Sachs. According to Goldman, Nvidia stock still trades at a relatively attractive valuation compared to its peers given how quickly it is growing and how durable those growth trends look in the coming years. Goldman SachsThose investments should power continued revenue and profit growth at Nvidia, especially with its next-generation Blackwell AI chip set to be released later this year. "Notable intra-quarter data points that support the view that AI spending is likely to continue beyond 2024 include" commentary from tech-focused companies, Hari said. Super Micro Computer reported strong revenue growth and a record backlog driven by elevated demand for AI servers.
Persons: Goldman Sachs, Goldman, , Toshiya Hari, Hari, TSMC Organizations: Nvidia, Service, Blackwell, AMD, Micro Computer
Simple outfits worked for Jeff Bezos and Lauren Sánchez. Jeff Bezos and Lauren Sánchez attend the 2024 Met Gala. Kevin Mazur/Getty ImagesThe Amazon founder, who has an estimated $200 billion fortune , skipped the Met Gala red carpet. But he eventually joined his fiancée Lauren Sánchez at the top of the Metropolitan Museum steps and showed off his black tuxedo and bow tie. The couple looked chic, classy, and ready for a Met Gala dinner.
Persons: Jeff Bezos, Lauren Sánchez, Kevin Mazur, Oscar, la, neckline Organizations: Metropolitan Museum
Just a few months ago, the political movement behind Brazil’s far-right former president, Jair Bolsonaro, was sputtering. Mr. Bolsonaro had been voted out of office, ruled ineligible to run in the next election and was in the cross hairs of deepening criminal investigations. But now Mr. Bolsonaro and his followers have had a sudden surge of energy and momentum — with the help of Elon Musk and the Republican Party. Over the past month, Mr. Musk and House Republicans have harshly criticized Alexandre de Moraes, a Brazilian Supreme Court justice who is leading investigations into Mr. Bolsonaro, over the judge’s moves to block more than 100 social media accounts in Brazil. Many of them belong to prominent right-wing pundits, podcasters and federal lawmakers who, in some cases, have questioned Mr. Bolsonaro’s election loss.
Persons: Jair Bolsonaro, Bolsonaro, Elon Musk, Alexandre de Moraes Organizations: Elon, Republican Party, House Republicans, Brazilian Locations: Brazil
Steve Eisman told Bloomberg TV that Apple will benefit from the coming wave of AI-based applications. Prospects of an AI iPhone have spurred bullish calls among other analysts. AdvertisementApple is well positioned to exploit the second leg of artificial intelligence, as the technology starts to take the form of mobile applications, Steve Eisman said. Sacconaghi's bullishness preceded Apple's winning earnings, during which CEO Tim Cook teased big AI announcements to come. AdvertisementWhen it comes to AI, Eisman has previously touted big investments in infrastructure, which would benefit from the tech's massive power demand.
Persons: Steve Eisman, , everybody's, Neuberger Berman, we're, Eisman, Bernstein's, Toni Sacconaghi, Sacconaghi's bullishness, Tim Cook, Dan Ives Organizations: Bloomberg, Apple, Service, Nvidia, AMD, Cook, Co, Securities, Worldwide Locations: China
New York's millionaire population is now larger than the entire populations of Orlando or Pittsburgh. The Bay Area's millionaire population has surged by 82% over the past decade, to 305,700. The U.S. is home to 11 of top 50 richest cities, according to the report. "Notably, U.S. cities have significantly outperformed other western cities over the past decade when its comes to overall wealth and millionaire growth." Here is the full ranking of the world's richest cities, according to Henley & Partners and New World Wealth:1.
Persons: Andrew Amoils, Amoils, Juerg Steffen, Robert Frank Organizations: Henley & Partners, Area, Federal Reserve, Research, New, London, Sydney Locations: York, California, Orlando, Pittsburgh . New York, Brazil, Italy, Canada, San Francisco, U.S, Tokyo, London, China, Beijing, Singapore, Los Angeles, New York, Area, France, Hong Kong
CNN —Judge Aileen Cannon has indefinitely postponed former President Donald Trump’s classified documents trial in Florida, citing significant issues around classified evidence that would need to be worked out before the federal criminal case goes to a jury. In an order Tuesday, Cannon cancelled the May trial date and did not set a new date. By indefinitely postponing the classified documents trial, Cannon’s order pushes it closer to the 2024 election – and potentially afterward. Although Trump’s attorneys have continuously asserted in court filings that a pre-election trial would be “unfair.”The further delayed trial also could put Trump’s two federal cases on a collision course. Trump is charged in the Florida case with mishandling classified documents and with working with two co-defendants, Walt Nauta and Carlos De Oliveira, to obstruct the Justice Department’s investigation.
Persons: Aileen Cannon, Donald Trump’s, Cannon, Trump, Cannon’s, Jack Smith’s, Trump’s, Walt Nauta, Carlos De Oliveira, Department’s, Biden, Smith, Joe Biden’s Organizations: CNN, Trump Locations: Florida, New York, Washington, DC
Economist Frances Donald told Bloomberg TV that a sharper Fed pivot is ahead. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementMarkets are right to price in a Federal Reserve policy pivot but should brace for a rate-cutting cycle that's sharper than expected, economist Frances Donald told Bloomberg TV. "We believe we are heading into a proper downturn that will require a proper easing cycle." So we're not exiting the period in which rate hikes become really impactful in the economy," she said.
Persons: Frances Donald, , Donald, We're, Danielle DiMartino Booth Organizations: Bloomberg, Service, Manulife Investment Management
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