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It's holding on to its weekly gain of 20%, and is on pace for its best week in more than a year. Earlier this week surged more than 20% over two days, as expectations of an SEC approval of ether ETF applications changed abruptly. By contrast, in the weeks leading up to approvals for bitcoin ETFs, the SEC was reported to be engaging actively with fund issuers. Coinbase , which may be a beneficiary of ether ETFs, was more than 1% in premarket trading, while Robinhood nearly 1%. Cryptocurrency prices, including ether's, may also be tempered by the Thursday afternoon stock market sell-off.
Persons: Rachel Lin, Ether, Alex Saleh, Coinbase, bitcoin Organizations: Metrics, Securities and Exchange Commission, SEC
CNN —The situation at Warner Bros. Discovery’s TNT network “sucks, plain and simple,” Charles Barkley bluntly said Thursday. Barkley, who said he feels “so bad for the people” he works with, laid blame at the feet of the “clowns” atop WBD. Wall Street has responded quite negatively to the possibility WBD, which has built a programming slate around the NBA, could lose the rights to air the games. And TNT has built a programming slate around the NBA games, most notably the highly rated “Inside the NBA” show. Losing the rights to NBA games could throw aspects of that business partnership into question.
Persons: ” Charles Barkley, NBA ”, Dan Patrick, , Barkley, ” Barkley, David Zaslav’s, Adam Silver, Turner, Bloomberg’s Lucas Shaw, WBD, , Shaw, ” Shaw, Joe Flint, Amol Sharma, Isabella Simonetti, Zaslav, Venu, That’s, Gunnar Wiedenfels, Wiedenfels, ” Wiedenfels, there’s, you’ve Organizations: CNN, Warner Bros, TNT, NBA, Turner, Comcast, WSJ, WBD, NCAA, MLB, NHL, NASCAR, College Football, ESPN —, Disney, Fox Corp, Morgan’s Technology, Media & Communications Locations: WBD
Lewis’ plan, however, included more than just revamping The Post’s subscription offerings. While The Post clearly plans to bet big on infusing its products with A.I., it wants to emphasize the human element of its journalism. Whether the multi-pronged initiative is enough to turn The Post around, of course, remains to be seen. But the new publisher voiced confidence that these measures will put The Post on track for success. “I really hope at some point in the future, when you look back on this day,” he told staffers, “it’s actually quite a significant day in the history of our company.”
Persons: Will Lewis, strode, Lewis, , ” Lewis, I’m, Axios, we’ve, ” Karl Wells, Lewis ’, Vineet Khosla, , Sally Buzbee, Kathy Baird, “ it’s Organizations: New York CNN, The Washington Post, Brit, Apple, POLITICO, Silicon Locations: New York
European markets are heading for a slightly higher open Thursday as traders digest the minutes of the last U.S. Federal Reserve meeting, which revealed Fed officials have concerns over sticky inflation and remain cautious on possible interest rate cuts. U.K. markets will be closely watched Thursday after Prime Minister Rishi Sunak announced that a general election will be held on July 4, ending months of speculation over the date of a national vote. As polls stand, the ruling Conservative Party is expected to lose to the opposition center-left Labour Party.
Persons: Rishi Sunak Organizations: Federal Reserve, Conservative Party, Labour Party Locations: U.S
Read previewCutting down on ultra-processed foods and eating more fiber is good for gut health. Done wrong, an infusion of fiber can lead to bloating, gas, abdominal pain, cramping, and changes in bowel habits like constipation or diarrhea. Anytime we change our diet, our gut microbes are forced to adapt, he said. Stay hydratedBeing well-hydrated improves our ability to process and digest fiber, Bulsiewicz said. Drinking water when you eat fiber also helps prevent gas and bloating, according to UMass Chan Medical School.
Persons: , It's, Dr, Will Bulsiewicz, shouldn't, Bulsiewicz, Zoe Organizations: Service, Business, Mayo Clinic, UMass Chan Medical
The Benjamin Netanyahu-led country on Tuesday took the outrageous step of seizing a camera and other video equipment used by The Associated Press to broadcast a live feed of Gaza — a decision the country only reversed amid severe backlash from free press advocates and following a White House request. And on Tuesday, it used that same law to target the AP, ostensibly confiscating its equipment because it provided its video feed to Al Jazeera, one of its thousands of global clients. A screenshot taken from AP video showing a general view of northern Gaza as seen from Southern Israel, before it was seized by Israeli officials on Tuesday, May 21, 2024. While Israel bowed to pressure on Tuesday and returned the AP’s equipment, the government notably offered no public apology to the renowned wire service. As the AP noted after its equipment was returned Tuesday, the underlying issues are still unresolved.
Persons: New York CNN —, Benjamin Netanyahu, Adrienne Watson, Watson, , Israel, Shlomo Karhi, Al Jazeera, Organizations: New York CNN, The Associated Press, White, State Department, Government, Israel, National Security, AP, Qatari, Al, AP Israel, Israel’s Locations: New York, New York CNN — Israel, Gaza, Israel, Al Jazeera, Southern Israel
Baby formula suits : Activist investor group Eminence Capital has built a stake of at least 0.5% in Reckitt Benckiser, according to the Financial Times. Eminence's reported position follows Reckitt's selloff to an all-time low in March on concerns about baby formula litigation. Abbott makes a competing baby formula and faces similar lawsuits, alleging the companies failed to warn about the risks of their products. ABT YTD mountain Abbott YTD Abbott's next baby formula event is a state trial in St. Louis that begins in July. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
Persons: Jim Cramer, Eminence's, Reckitt's, Abbott, we've, Reckitt, ABT, YTD Abbott's, Louis, we're, We're, Jim Cramer's, Jim Organizations: CNBC, Nvidia, Blackwell, Eminence, Financial Times, Abbott Labs, TJX, Target, Devices, Jim Cramer's Charitable Locations: Reckitt Benckiser, Illinois, Reckitt, St, Maxx, Williams, Sonoma
CNN —US Secretary of State Antony Blinken said he wants to work with Congress on legislation to penalize the International Criminal Court after it applied for arrest warrants for Israeli Prime Minister Benjamin Netanyahu and Defense Minister Yoav Gallant. The court’s chief prosecutor Karim Khan also issued warrants for senior Hamas officials, including its leader in Gaza, Yahya Sinwar. The Biden administration came out forcefully against Khan on Monday for his decision to apply for the warrants against top Israel officials on charges of war crimes and crimes against humanity. Meanwhile, the Biden administration has faced questions about its condemnation of the ICC’s actions while saying it continues to support the court’s investigation into Russian war crimes during its invasion of Ukraine. The Trump administration previously sanctioned ICC officials by executive order in 2020 over its investigation of possible war crimes by US military and intelligence officials in Afghanistan, sanctions that the Biden administration lifted the next year.
Persons: Antony Blinken, Benjamin Netanyahu, Yoav Gallant, , ” Blinken, Biden, Karim Khan, Yahya Sinwar, Blinken, Republican Sen, James Risch, , Sen, Lindsey Graham, Khan, Mike Johnson, ” Johnson, Lloyd Austin, Matthew Miller, “ We’ll, ” Miller, Trump Organizations: CNN, State Department, Senate Foreign Relations, Republican, ICC, Israel, American Heritage, Republicans, , White House, , Ukraine Defense Contact, . State Department Locations: Netherlands, Gaza, Israel, Ukraine, Afghanistan
“It is so incredibly important to diversify our revenue and business model,” Swati Sharma, the editor-in-chief and publisher of Vox, told CNN by phone Monday. In those four years, it has received more than 100,000 contributions, Vox Media’s consumer revenue chief Priyanka Arya told CNN. “We are taking a bet on people caring about news organizations,” Sharma told me. News publishers are navigating challenging terrain, and most have been forced to undergo painful layoffs in recent years, including Vox. Which is likely why so many major newsrooms have signaled they will, in one way or another, wade into creating and/or bolstering subscription models that include members-only content to supplement other revenue streams.
Persons: CNN — Vox, Swati Sharma, Vox, , Sharma, Priyanka Arya, Bill Carey, ” Sharma, “ Vox, “ We’ve, Organizations: CNN, Google, Vox
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's property stimulus plan: It'll take time for property companies to benefit from it, Citi saysPierre Lau, head of Asia-Pacific utilities research at Citi, says the market will take some time to digest the announcement.
Persons: Pierre Lau Organizations: Citi Locations: Asia, Pacific
New York CNN —The Donald Trump hush money trial is dragging reporters into uncomfortable territory and laying bare the complicated relationships journalists often have with sources. Michael Cohen, who continued to testify Thursday, invoked from the stand the names of several high-profile media figures, putting their relationships with the former Trump fixer in the spotlight. Cohen named The New York Times’ Maggie Haberman and MSNBC’s Katy Tur as reporters which he had established relationships with. And he spoke about having recorded dozens of phone calls with media figures, including former CNN boss Jeff Zucker. That reporters are playing a starring role in the trial is also a function of the Trump years.
Persons: Donald Trump, Michael Cohen, Cohen, Maggie Haberman, Katy Tur, John Santucci, Stormy Daniels, Jeff Zucker, Haberman, Trump, , It’s, Todd Blanche Organizations: New York CNN, Trump fixer, The New York Times, ABC, CNN, Trump, Queens Locations: New York
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market wrap: It's day two of muted action in the market, which was trading in a tight range on a light news day to close out the week. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, we're, OpenAI, Deere, Ralph Lauren, Jim Cramer's, Jim Organizations: CNBC, Tech, Devices, Broadcom, Nvidia, Microsoft, Palo Alto Networks, Palo, Walmart, TJX, Target, Williams, Coterra Energy, Jim Cramer's Charitable Locations: Palo Alto, Sonoma, Truist
New York CNN —Netflix is rebuilding the cable bundle, sans one important ingredient: news. The company, having blown up the decades-old linear television business and ushered in the costly and destabilizing era of streaming, is inching closer and closer to resembling the entertainment behemoths of yesteryear. Netflix has shown little-to-no interest in investing in either live-news or pre-taped programming (a la, a show akin to “Vice News Tonight” or “60 Minutes”). Rebuilding the traditional cable package without news is akin to putting together a meal that includes steak, potatoes and ice cream, but not the broccoli. The vegetables might not be the tastiest, most popular item on the menu, but neglecting them would not be healthy.
Persons: Tom Brady, John Mulaney’s “, , Bela Bajaria, , Organizations: New York CNN, Netflix, NFL, WWE, Meta, Republicans, Journalists, Warner Bros, Discovery, CNN, Comcast, NBC, Disney, ABC News, Paramount, CBS, SPAN Locations: New York
Market talk : The S & P 500 and Nasdaq jumped to new intraday highs Wednesday, extending the gains from the prior session's late-day rally. In fact, the S & P 500 broke above 5,300 for the first time ever. The one thing we're staying guarded about in this rally is how overbought the stock market has become. You have to go back to last December to find a time when the S & P 500 Short Range Oscillator was this overbought. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
Persons: Jim Cramer, Dow, Jan, Danaher, prudently, Cramer, we're, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Bank of America Healthcare, Disney, Cisco Systems, Walmart, Deere, Baidu, Jim Cramer's Charitable Locations: China
In other words, users will soon no longer have to click on the links displayed in search results to find the information they are seeking. Why spend time clicking on a link when Google has already scoured the internet and harvested the relevant information with its A.I.? Coffey, whose organization represents more than 2,000 news publishers and has taken an aggressive posture toward A.I. This time with a product that directly competes with our content, using our content to fuel it. Most recently, it drew scorn after temporarily blocking some California news outlets from search results in response to a bill that would force it to pay publishers.
Persons: , ” Danielle Coffey, Coffey, newsrooms, OpenAI, ChatGPT, Mark Zuckerberg, , we’ll, ” Marc McCollum Organizations: New York CNN, Google, News / Media Alliance, Big Tech, The New York Times Locations: New York, California
The American press, he writes in clear-eyed terms, “shouldn’t be neutral about upholding democracy” and must not “dispassionately observe our way to authoritarianism.”We spoke with Kristof over email for a Q&A about this and more. This is strange for a pundit to admit, but I think there’s too much punditry in journalism today and not enough reporting. … We journalists shouldn’t dispassionately observe our way to authoritarianism; we shouldn’t be neutral about upholding democracy.” Do you believe your colleagues in the press are as clear-eyed about this as you are? I believe that journalism — along with law and the civil service — restrained the Trump presidency and is a force for civilization and democracy. He believed it and I believe it, and that is why I say that journalism is an act of hope.
Persons: Nicholas Kristof, , Kristof, Gray Lady, Donald Trump, , James Bond, scoff, I’ve, That’s, It’s, I’m, we’re, aren’t, it’s, William Safire, shouldn’t, Joe McCarthy, Edward R, Murrow, McCarthy, Martin Luther King Jr, George Wallace, Jim Crow, Trump, Joe Kahn, — that’s, Will, Let’s, Organizations: New York CNN, New York Times, The New York Times, Times, Trump, Endowment, Arts, CNN, State Security, State, Locations: New York, Congo, Iraq, Syria, Aleppo, America, Washington, China, , Oregon, U.S, Gaza, Russia
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
The 2-year Treasury yield, meanwhile, was marginally higher at 4.819%. U.S. Treasury yields were broadly flat early Friday as traders digested the jump in weekly jobless claims and what this could mean for interest rates. Relief at the auction outcome means traders are now firmly focused — once again — on the interest rate trajectory of the Federal Reserve. Weekly initial jobless claims, released Thursday, hit their highest level since August 2023, coming in at 231,000. It comes after the Bank of England on Thursday held interest rates as expected, but raised expectations of a cut in June.
Persons: , Henry Allen, Treasurys, Dallas, Lorie Logan, Neel Kashkari, Goolsbee, Michelle Bowman Organizations: Treasury, U.S, Federal Reserve, Deutsche Bank, Bank of England Locations: U.S, Minneapolis
New York CNN —Big Tech is racing to address the stream of A.I.-generated images inundating social media platforms before the machine-crafted renderings further contaminate the information space. TikTok announced on Thursday that it will begin labeling A.I.-generated content. (Notably, Elon Musk’s X has not announced any plans to label A.I.-generated content.) Social media giants have reams of rules prohibiting certain content on their platforms, but history has repeatedly shown that they have often failed to adequately enforce them and allowed malicious content to spread to the masses before taking action. That poor record doesn’t inspire much confidence as A.I.-created images increasingly bombard the information environment — particularly as the U.S. hurtles toward an unprecedented election with democracy itself at stake.
Persons: TikTok, Elon Musk’s, OpenAI, Katy Perry, , Perry, ” Perry Organizations: New York CNN, Big Tech, YouTube, Microsoft, Social Locations: New York, Silicon
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWorried investors don't have a fully-formed inflation thesis, says RBC's Lori CalvasinaLori Calvasina, RBC Capital Markets head of U.S. equity strategist, joins 'Squawk on the Street' to discuss how investors will digest next week's CPI data, how equities have performed without positive data, and more.
Persons: RBC's Lori Calvasina Lori Calvasina Organizations: RBC Capital Markets
But Murdoch was an anomaly, to a large degree, in the right-wing media universe. While Murdoch’s power has waned in recent years, his empire continues to serve as the source of gravity in the right-wing media universe. Without Murdoch Media joining the chorus and denouncing Johnson, Greene’s efforts failed to gain enough momentum to actually jeopardize Johnson’s leadership. Instead, Murdoch — invisibly — helped Johnson escape what could have been a dire situation. After all, elsewhere in right-wing media, Johnson was portrayed as a turncoat.
Persons: Rupert Murdoch, , Mike Johnson, Marjorie Taylor Greene, Johnson, Greene, MOSCOW MARJORIE ”, Murdoch, Tucker Carlson, Steve Bannon, Charlie Kirk, Breitbart, Donald Trump, Ted Shaffrey, vlogs, Trump, Murdoch — invisibly — Organizations: New York CNN, Republican Party, Fox News, Street Journal, New York, MAGA Media, Republican, Democratic Party, GOP, CNN, MSNBC, Murdoch Media, Trump Locations: New York, Ukraine, Johnson
She shared her strategy for acing job interviews, which includes having five key questions ready. She recently posted a TikTok about five questions she has ready for a job interview. Lindstrom says she believes asking at least some of these questions is why she's always landed a role she interviewed for. I really drove home that it doesn't stop at 5 p.m. My job stops when my job is done. I wanted my audience to know that asking about it is so important because if you're miserable in your job, you're only setting yourself up to fail.
Persons: Kendal Lindstrom, , Lindstrom, she's, you've, I've, it's, I'm, that's, That's Organizations: Service, Starbucks Locations: Scottsdale , Arizona
As the sun set on a cloudy evening in Times Square on Friday, a 65-foot-long frankfurter cantilevered into the sky and spewed out a blast of rainbow confetti. of its bun, drag wrestlers were finishing their match in an elevated boxing ring, practically twerking on the ropes, cheered on by hundreds of spectators. It was the first public event for “Hot Dog in the City,” an installation for Times Square Arts, the largest work that the organization has ever commissioned. The giant wiener was created by Jen Catron and Paul Outlaw, married Brooklyn artists whose métier is often interactive, food-based spectaculars that also question the lore — and lure — of Americana. When they hit upon the hot dog, a national symbol of patriotism and also an emblem of the hard-to-digest truth about mass production and labor, consumerism and marketing, it seemed like a natural match for the setting.
Persons: wiener, Jen Catron, Paul Outlaw Organizations: Times Square Arts, Brooklyn Locations: City
“I think it is at the center of one of the worst crises for American democracy this century, certainly in recent decades,” Applebaum told me by phone Tuesday. “They don’t believe journalists. They don’t believe independent ombudsman. They don’t believe institutions or science. It is not possible to understand why Trump continues to hold a firm grip over the Republican Party without understanding the propaganda machine at his disposal.
Persons: CNN — Anne Applebaum, , Donald Trump, Applebaum, authoritarians —, ” Applebaum, Vladimir Putin’s, Vladimir Putin’s Russia “, Trump, Rupert Murdoch, Tucker Carlson, Sean Hannity, Steve Bannon, , it’s, Steve Bannon’s, that’s, David Muir, Lester Holt, Norah O’Donnell, Carlson, MAGA Organizations: CNN, Trump, Putin, Sputnik, MAGA Media, New York Times, Washington, Fox News, Republican Party Locations: U.S, Vladimir Putin’s Russia, Ukraine
“It was clear from the outset that The Spectator was really leading the coverage,” Summers told CNN by phone Monday. The photographs were captured by student journalists — including the cover image shot by freshman Stella Ragas — working in conjunction with New York photo director Jody Quon. Gathering reporting from campus for the issue, however, was not without its challenges for the student journalists. “There is significantly more trust of us than national outlets who parachute in and maybe don’t have the intimate knowledge,” Ramirez told CNN. In fact, when the encampments first propped up on campus, Ramirez told CNN that the student journalists were reluctant to retire for the night.
Persons: New York CNN —, Nick Summers, Isabella Ramirez, Summers, ” Summers, Ramirez, , Stella, Jody Quon, David Dee Delgado, , Quon, , ” Quon, ” Ramirez Organizations: New York CNN, New York, Columbia University, Columbia Daily Spectator, The Spectator, New, CNN, The, Hamilton Hall, Israel, Rye, Protesters, Reuters “ Locations: New York, Morningside, Rye Spaeth, Hamilton Hall
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