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☆ New Biden tariffs on China's EVs, solar, medical supplies reportedly due Tuesday
▼ + stars: | 2024-05-11 | by ( ) www.cnbc.com time to read: +1 min

But it will also add new tariffs to semiconductors and solar equipment, according to one of the people, as well as hiking EV tariffs. Chinese-made medical supplies like syringes and personal protective equipment also face additional tariffs, sources told Reuters. The long-awaited tariff update comes after a number of lawmakers have called for massive hikes on Chinese vehicle tariffs. Tariffs on Chinese EVs will roughly quadruple under the new Biden plan, the Wall Street Journal reported, citing people familiar with the matter. Senate Banking Committee Chairman Sherrod Brown wants the Biden administration to ban Chinese EVs outright, over concerns they pose risks to Americans' personal data.

Persons: Joe Biden, Donald Trump, Biden, Sherrod Brown Organizations: Gateway Technical College, Reuters, Wall Street Journal, U.S . Trade Locations: Sturtevant , Wisconsin, U.S, China

☆ Live updates: Israel-Hamas war, looming Rafah invasion, Israel Eurovision participation
▼ + stars: | 2024-05-10 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +2 min

Police face pro-Palestinian protesters in central Malmo during the 68th edition of the Eurovision Song Contest (ESC) in Malmo Arena, Sweden, on May 9. More than 150 million people around the world will watch Saturday's Eurovision final on TV, and around 15,000 fans will gather inside the Malmo Arena. Those protesting or boycotting the song contest say it is “artwashing” the conflict; others defend Israel’s inclusion, insisting the contest should not be dragged into geopolitics. And they are leading to perhaps the tensest three minutes in the contest’s history, when Israel’s competitor, Eden Golan, performs live. “I would imagine the scale of it in Malmo would be bigger than anything we’ve ever seen before.”Read the full analysis.

Persons: Johan Nilsson, ” Paul Jordan, ”, Weeks, Eden Golan, ” Jordan, “ Organizations: Malmo Arena, Getty, Music, Malmo, Eurovision, CNN Locations: Malmo, Sweden, AFP, Swedish, Gaza, Israel

☆ Joe Biden is expected to unveil new tariffs on Chinese EVs. Here's what that could mean for the sector.
▼ + stars: | 2024-05-10 | by ( Tom Carter | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Citing people familiar with the matter, Bloomberg reported that the US government is set to impose new tariffs on a range of Chinese industries, including EVs. Chinese EV producers such as BYD have so far largely avoided the US market due to pre-existing trade barriers, such as a 25% tariff on Chinese auto imports previously touted by President Donald Trump. AdvertisementRelief for US firmsThe expected decision to target China's EV exports would come as a relief to US EV companies. Tesla CEO Elon Musk said earlier this year that Chinese EV firms would "demolish" their Western rivals if trade barriers weren't put in place.

Persons: —, Joe Biden, Donald Trump, he's, Elon Musk, Trump Organizations: Service, Bloomberg, Business, Reuters, EV, Chery Locations: Mexico

☆ Sports gambling is taking a cue from Wall Street, and it could be a problem for sportsbooks
▼ + stars: | 2024-05-10 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at how a sports bettor trying to hedge a $1.7 million payout shows the gambling world is taking a page out of Wall Street's book . The big storySports gambling goes Wall StreetiStock; Rebecca Zisser/BIHow would you like to turn $100 into $1.7 million in a little over a year? Thanks to a secondary market for gambling tickets, Shelton could sell his ticket to another bettor. And not unlike Wall Street's feelings about retail traders, Shelton is the type of gambler sportsbooks love. Unlike mom-and-pop gamblers who often bet on a whim, so-called sharps' systematic approach to gambling can pose a problem for sportsbooks.

Persons: —, Rebecca Zisser, Wayne Shelton, Shelton, Matthew Fox, Anthony Edwards, Joshua Gateley, sportsbooks, Shelton's longshot, Goldman Sachs, Sam Bankman, Fried, Puck, SBF, Justin Sullivan, Getty Sundar Pichai, Pichai, Jack Dorsey, he'd, Mike Solana, Dorsey, Bluesky, Demis, Microsoft's Mustafa Suleyman, they'd, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Sports, MLB, NFL, NBA, Oklahoma City Thunder, Thunder, Dallas Mavericks, Western Conference, ESPN, Boston Celtics, Minnesota Timberwolves, Getty, Detention, MDC, Bloomberg, Bay Area, YouTube, Spotify, Apple, Warner Brothers, Justice League, Big, Honda Locations: China, Russia, Brooklyn's, Young, New York City, New York, Bay, London

☆ An art market full of cracks is about to face a $1 billion test
▼ + stars: | 2024-05-10 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

Art auction sales at Christie's, Sotheby's and Phillips over the next two weeks are expected to total $1.2 billion, down 18% from a year ago and nearly half the total for the May 2022 sales, according to ArtTactic. It extends a recent decline for the art market from its post-Covid peak, when cheap money, a booming stock market and fiscal stimulus saw record sales. It's the buyers showing up and what the work will sell for that will define our perception of the art market right now. Price pressuresDealers and art experts say the auction art market is stalled over price, with sellers not willing to get a lower price than they might have gotten at the peak of the market in 2021-2022. "The question they're asking is, 'Should we buy in to the art market right now?'"

Persons: Robert Frank, Phillips, Paul Allen, Brooke Lampley, Buyers, Sellers, Philip Hoffman, CNBC's Robert Frank, Andy Warhol, Jean, Michel Basquiat, Crystal Lau, Andrew Fabricant, It's, Hoffman, Francis Bacon's, George Dyer, Bacon, Dyer, Michel Basquiat's Organizations: Sotheby's, Fine Art Group, CNBC Dealers, CNBC Locations: —, Gagosian

Here are the takeaways from day 15 of the Trump hush money trial:Cohen is on deckCohen is expected to take the stand Monday, putting him face-to-face with his former boss. With Cohen’s testimony implicating Trump, however, comes all of the baggage that accompanies the former president’s longtime fixer. Judge to Cohen: Please stop talkingAhead of Cohen’s expected testimony, Trump attorney Todd Blanche urged Judge Juan Merchan to order Cohen to stop talking about the trial and Trump. Video Ad Feedback Pollster: Trump's trial won't affect votes in November 03:46 - Source: CNNMerchan has already said he cannot gag witnesses in the case. Prosecutors introduce key text and call records into evidenceAfter Westerhout left the stand, prosecutors spent the rest of the day calling a series of custodial witnesses to introduce cell phone records into evidence.

Persons: Donald Trump’s, Michael Cohen, Trump’s, Stormy Daniels, Trump, Cohen, Daniels, He’s, Alvin Bragg’s, Cohen’s, Todd Blanche, Judge Juan Merchan, Blanche, ” Blanche, Joshua Steinglass, ”, CNN Merchan, Merchan, “, ” Cohen, White, Madeleine Westerhout, Susan Necheles, Westerhout, didn’t, ” Westerhout, she’d, Allen Weisselberg, ” Necheles, she’s “, Weisselberg, Cohen reimbursements, Stormy Daniels ’, Gina Rodriguez, Dylan Howard, Howard, Rodriguez, David Pecker, “ We’re, ” Rodriguez texted Howard, “ Keith, Davidson, ” Howard, ” Rodriguez, Steinglass, ” Merchan, wasn’t Organizations: CNN, White, Prosecutors, Trump, Manhattan, White House, Trump Org ., National Enquirer, American Media Inc, Trump Org Locations: Manhattan

☆ This is my first Mother's Day without my mom. Instead of being sad, I will celebrate her life.
▼ + stars: | 2024-05-10 | by ( Bethany Kandel | ) www.businessinsider.com time to read: +4 min

Instead of being sad that she's not here this Mother's Day I will celebrate her life. AdvertisementThis Mother's Day is the first time in my 66 years of life that I have no mom. I used to feel bad on Mother's Day for friends who had lost theirs. AdvertisementAs a self-taught outsider artist, my mother's life was one giant treasure hunt. Her greatest joy would be to see me happy and celebrating Mother's Day with my own sons.

Persons: —, I'm, gravesites, Joseph Cornell, Mona, Warren Buffet, Pollyanna Organizations: Service

☆ Xi wants to boost trade and investment between Europe and China. It won't be easy.
▼ + stars: | 2024-05-10 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

According to the business chamber's survey, just 13% view China as a top investment destination — a record low. EU firms' China operations are 'decoupling' from their headquartersIt's not just the gloomy economy and slowing demand that are weighing on investor confidence. EU firms have also started to "decouple" their operations in China as the number of foreign nationals employed locally falls. It also makes it increasingly difficult for the China operations of the EU firms to get approval from their headquarters. The European business chamber called for "full access to legitimate and trustworthy sources of economic data" in its report.

Persons: —, Xi Jinping, It's, Jens Eskelund Organizations: Service, European Union Chamber of Commerce, Business Locations: Europe, France, Serbia, Hungary, China

☆ Middle East Crisis White House Aide Warns Israel Against ‘Smashing Into Rafah’
▼ + stars: | 2024-05-10 | by ( Erica L. Green | ) www.nytimes.com time to read: +4 min

John F. Kirby, a White House national security spokesman, said President Biden is concerned that an Israeli assault on Rafah would strengthen Hamas. Smashing into Rafah, in his view, will not advance that objective, will not get to that sustainable, enduring defeat of Hamas. But Mr. Biden has grown increasingly wary of a major assault in the densely populated city of Rafah in southern Gaza. Credit... Abir Sultan/EPA, via ShutterstockMr. Kirby also tried to assuage concerns that the United States was breaking with its closest ally in the Middle East. Mr. Biden’s decision to pause certain weapons shipments to Israel underscored brewing frustrations between Mr. Biden and Prime Minister Benjamin Netanyahu of Israel.

Persons: John F, Kirby, Biden, Israel “, ” Mr, Israel —, Israel, Mr, CNN’s Erin Burnett, Abir, Biden’s, “, Benjamin Netanyahu, Netanyahu, God’s, ” Organizations: White House, ., American, Congress Locations: Rafah, Israel, Gaza, United States, “, I’m, Israeli, Abir Sultan, Egypt

☆ U.S. to Announce New Tariffs on Chinese Electric Vehicles
▼ + stars: | 2024-05-10 | by ( Alan Rappeport | Jim Tankersley | ) www.nytimes.com time to read: +1 min

The Biden administration is set to announce new tariffs on Chinese electric vehicles and other goods as early as next week, according to people familiar with the matter, as President Biden looks for ways to protect America’s nascent clean energy sector from a surge of cheap Chinese imports. The long-awaited tariffs are the result of a four-year review of the levies that former President Donald J. Trump imposed on more than $300 billion of Chinese imports in 2018. That includes Chinese electric vehicles, which currently face a 25 percent tariff. The administration is expected to raise that to a much higher rate in order to make it prohibitively expensive to buy a Chinese EV. The administration has been considering tariffs as high as 100 percent, according to a person familiar with the deliberations.

Persons: Biden, Donald J, Trump Locations: China

☆ Opinion | Is There a Post-Religious Right?
▼ + stars: | 2024-05-10 | by ( Ross Douthat | ) www.nytimes.com time to read: +3 min

My one-liner “captured a widely shared assumption” that Trump’s rise signaled “the birth of an irreligious right animated by white racial grievance,” he wrote. The old religious right may have suffered a fatal blow in 2016. But what succeeded it was not a post-religious racialist party, as some feared and others hoped. was preparing to establish white supremacy now are more likely to denounce its ambitions as “Christian nationalist.” Whatever else one makes of this charge, it implies an acknowledgment that a post-religious right has failed to materialize. But when Schmitz says a post-religious right has “failed to materialize” I have to strongly disagree.

Persons: Donald Trump, Matthew Schmitz, “, ”, that’s, Schmitz, Mitt Romney, Republican pollster Patrick Ruffini, Vance, George W, Bush, Trump, Norman Vincent Peale Organizations: Republican, Trump, Christian, Republican Party Locations: American, Ohio

☆ Appeals court upholds Trump White House aide Steve Bannon contempt of Congress conviction
▼ + stars: | 2024-05-10 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

Steve Bannon, former adviser to Donald Trump, arrives to federal court in Washington, D.C., U.S., on Wednesday, March 16, 2022. A federal appeals court on Friday upheld the criminal contempt of Congress conviction of former Trump White House senior aide Steve Bannon for refusing to testify and provide documents to the House committee that investigated the Jan. 6, 2021, attack on the U.S. Capitol. Circuit Court of Appeals for the District of Columbia Circuit makes it more likely that Bannon will soon have to begin serving a sentence of four months in jail for his conviction of two counts of contempt of Congress. But Bannon could ask the full judicial line-up of the D.C. He also could ask the U.S. Supreme Court to take an appeal of Friday's ruling.

Persons: Steve Bannon, Donald Trump, Bannon, Peter Navarro Organizations: Washington , D.C, Trump White House, U.S . Capitol, U.S, Circuit, Appeals, District of Columbia Circuit, Supreme Locations: Washington ,, U.S

☆ College Parent Arrested After Confrontation at Syracuse Campus Protest
▼ + stars: | 2024-05-10 | by ( Katherine Rosman | ) www.nytimes.com time to read: +1 min

Mr. Torossian, who is Jewish and the parent of a Syracuse student, confronted a student protester who had a sign that said, “From the River to the Sea, Palestine Will Be Free.” University officials described him as “especially aggressive” toward students. When Mr. Torossian refused to leave, campus security arrested him. “Harassing behavior or conduct from anyone that creates a safety concern will not be tolerated,” the university said in a statement about the episode. The arrest followed an off-campus incident the day before involving a pro-Palestinian protester who the school says was not a Syracuse University student. The protester said “Heil Hitler” as he made a Nazi salute at a Jewish student and then punched the student in the face, according to a police report and an email from university officials.

Persons: Ronn, Eric Adams, Torossian, “ Heil Hitler ” Organizations: Syracuse University, Jewish, ” University, Nazi Locations: New York City, Syracuse, Palestine

☆ The frenemies running Microsoft and Google's AI ops have some serious history
▼ + stars: | 2024-05-10 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +5 min

Less than four years later, Google acquired it for more than $500 million. AdvertisementWith Hassabis at the helm, the Google DeepMind is at the forefront of Google's AI push. Speaking about Suleyman, Hassabis told the newspaper: "Most of what he has learned about AI comes from working with me over all these years." AdvertisementLondon callingOne of Suleyman's first moves as Microsoft's newly installed AI chief was to launch an AI hub in London, which is also home to Google DeepMind. The move could prove savvy for Microsoft as major tech companies eye up Google's high-quality pool of AI talent.

Persons: —, Microsoft's Mustafa Suleyman, Suleyman, Hassabis, Shane Legg, Eric Schmidt, Schmidt, he's, he'd, Suleyman didn't Organizations: Service, University of Cambridge, Business, Google, Big, The New York Times, Fast Company, Microsoft, Greylock Partners, Hassabis Locations: London, DeepMind

United Nations CNN —A United Nations resolution in support of Palestinian membership passed with overwhelming support on Friday, and granted new privileges to the Palestinian Authority in its current capacity as a non-member observer state. Palestinian Ambassador to the United Nations Riyad Mansour at the UN in New York City on May 10, 2024. Eduardo Munoz/ReutersIn remarks before the vote, Palestinian ambassador Riyad Mansour spoke passionately about the plight of Palestinians in wartorn Gaza. Only member states can vote, but the Palestinian Authority can now be seated among member states in alphabetical order; submit and introduce proposals and amendments; and co-sponsor proposals and amendments. In September 2011, the Palestinian Authority failed to win UN recognition as an independent member state.

Persons: “, ”, United Nations Riyad Mansour, Eduardo Munoz, Riyad Mansour, ” Mansour, Israel Katz, Mansour, United Nations Robert Wood, Wood, United Nations Gilad Erdan, Charly Triballeau, Gilad Erdan, ” Erdan, Farhan Haq, ” Haq Organizations: United Nations CNN, Nations, Palestinian Authority, United Arab, United Nations, Palestinian, UN, Reuters, Columbia University, Authority, Security, US, Assembly, Getty Locations: Hungary, Argentina, Micronesia, Nauru, Palau, Papua New Guinea, Israel, United States, United Arab Emirates, The State, Palestine, United, New York City, Gaza, Rafah, AFP, New York

☆ Bayer Leverkusen produces astonishing comeback to go 49 games unbeaten and reach Europa League final
▼ + stars: | 2024-05-10 | by ( Homero De La Fuente | George Ramsay | ) edition.cnn.com time to read: +3 min

CNN —Bayer Leverkusen’s remarkable season took another extraordinary turn on Thursday as a late 2-2 draw against AS Roma stretched the club’s unbeaten run to 49 games. The 4-2 aggregate victory saw Leverkusen reach a first European final in 22 years, while Josip Stanišić’s 97th-minute strike ensured that the recently-crowned German champion remains undefeated this season. It means that Leverkusen has now surpassed Portuguese team Benfica’s record from 1963-65 for the longest unbeaten run across all top-level matches since the introduction of European competitions, according to UEFA. “It says a lot about the team, the conviction that we have and it’s great to finally reach the final. According to UEFA, Scottish side Celtic’s unbeaten run of 62 games between 1915 and 1917 is the outright record for a European club, although that only included domestic league matches.

Persons: CNN — Bayer, Josip Stanišić’s, Leandro Paredes, Gianluca Mancini’s, Stanišić, Ina Fassbender, “, Xabi Alonso, ”, Chris Brunskill, Granit Xhaka Organizations: CNN, AS Roma, Leverkusen, UEFA, Roma, Getty, Bundesliga, ” Leverkusen, Atalanta, Europa League, Atlanta, FC Kaiserslautern, VfL Bochum, Scottish, Bochum Locations: AFP, Dublin, Ireland, European, Augsburg

☆ Netflix's 'Cooking Up Murder' tells the story of a chef who killed his girlfriend. Here's where César Román is now.
▼ + stars: | 2024-05-10 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +4 min

"Cooking Up Murder" tells the story of Spanish chef César Román, who murdered his girlfriend, Heidi Paz. The chef killed Paz in 2018, and he then moved to Madrid using a fake name. AdvertisementNetflix's "Cooking Up Murder" tells the story of Spanish chef César Román, who killed his girlfriend, Heidi Paz, in 2018. NetflixIn the series, Román alleges that Paz was killed by a gang in connection to a cocaine deal gone wrong. Advertisement"I cannot turn back time, something I would like more than anything in the world," Román wrote.

Persons: César Román, Heidi Paz, Paz, —, Dr, Ruth Tully, dismembering, Román, he's, God, Jesus Christ, Heidi's, Alexis Socias, El Pais Organizations: Service, Netflix, Madrid Metropolitan, Román, Soto, Soto del Real Penitentiary, Spanish, El Pais Locations: Madrid, Spanish, Zaragoza, Spain, Soto del

☆ Live Updates: Former White House Aide Will Return to Stand in Trump Trial
▼ + stars: | 2024-05-10 | by ( Matthew Haag | ) www.nytimes.com time to read: +6 min

The judge denied the request and Mr. Trump’s second motion this week for a mistrial. Mr. Trump, 77, has denied the charges and says he did not have sex with Ms. Daniels. Credit... Todd Heisler/The New York TimesThe defense did get Ms. Daniels to concede that she had made money from the scandal. When Ms. Daniels stepped down from the stand Thursday afternoon, Mr. Trump stared at a monitor, not glancing up as she walked by. Image Madeleine Westerhout described life in the Oval Office, including Mr. Trump signing checks there.

Persons: Donald J, Stormy Daniels, Trump, Susan Necheles, Daniels’s, Necheles, ”, Daniels, Trump’s, Todd Blanche, Juan M, Todd Heisler, Mr, Necheles’s, “, Ms, Lucas Jackson, Thursday’s, Madeleine Westerhout, Bill O’Reilly —, Erin Schaff, Westerhout, Michael D, Cohen Organizations: Trump, New York Times, Trump . Credit, Trump glowered, Prosecutors, White House, The New York Times Locations: Nevada, Lake Tahoe, Trump .

☆ Two political operatives struck plea deals in Rep. Henry Cuellar's bribery case
▼ + stars: | 2024-05-10 | by ( Zoë Richards | ) www.cnbc.com time to read: +3 min

A pair of political operatives tied to Rep. Henry Cuellar, D-Texas, have agreed to plead guilty and cooperate with the Justice Department's bribery case against Cuellar, according to court documents unsealed this week. A pair of political operatives tied to Rep. Henry Cuellar, D-Texas, have agreed to plead guilty and cooperate with the Justice Department's bribery case against Cuellar, according to court documents unsealed this week. They devised a "sham consulting contract" with the bank and a plan for Rendon to funnel a majority of its proceeds to Cuellar's wife, according to court documents. Strother used the money to make $10,000 payments every month to Cuellar's wife, totaling $214,890, authorities say. In a statement last week before the charges were unsealed, Cuellar denied any wrongdoing and said he had "proactively sought legal advice" from the House Ethics Committee.

Persons: Henry Cuellar, Cuellar, Mina Colin Strother, Cuellar's, Florencio, Lencho, Imelda, Strother, Rendon, we're, Chris Flood Organizations: Department, Azerbaijan, NBC, Justice Locations: Texas, Mexican, U.S, South Texas

☆ Cold Stone Creamery is being sued because its pistachio ice cream has no pistachios in it
▼ + stars: | 2024-05-10 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

Cold Stone Creamery is facing legal action over 'pistachio' ice cream that contains no pistachios. AdvertisementThe parent company of Cold Stone Creamery is facing legal action after a New York woman ordered "pistachio" ice cream only to discover that it didn't contain pistachios. It all started when the plaintiff visited a Cold Stone Creamery in Levittown, Long Island, in July 2022, ordering what she believed was a pistachio ice cream. The plaintiff's lawyers argued that had she been aware of this, she wouldn't have bought the ice cream. Related storiesIn the ruling, the plaintiff compared Cold Stone Creamy's pistachio ice cream to offerings from Häagen-Dazs and Ben and Jerry's, both of which contained real pistachios.

Persons: —, Gary R, Brown, wouldn't, Jerry's, Kahala Brands, Taco, Oren Bitan Organizations: Service, Cold, Eastern, Court, Kahala Brands, Kahala, Business, Taco Bell Locations: New York, York, Brooklyn, Levittown, Long, Häagen

☆ Hattan Alsaif: ‘When I fight, I can feel my soul alive,’ says Saudi Arabia’s groundbreaking MMA star
▼ + stars: | 2024-05-10 | by ( George Ramsay | ) edition.cnn.com time to read: +6 min

Alsaif is acutely aware of her status as a trailblazer for female MMA fighters in Saudi Arabia and takes such a responsibility seriously. I feel I’m alive when I train, when I fight, in the gym – I can feel my soul alive. “When I breathe after the rounds, when I feel sick, when I feel tired, when I feel courage, when I feel scared, those moments, every part of that, it makes me feel alive. It’s something that means a lot to me.”Alsaif (right) competed in Muay Thai prior to MMA. Sadaa, coach of Saudi Arabia’s Muay Thai national team, has been central to Alsaif’s success, though his influence extends far beyond a sporting sphere.

Persons: Hattan, Saudi Arabia –, – Alsaif, “, ” Alsaif, I’m, “ It’s, Egypt’s Nada Faheem, Alsaif, ”, it’s, Abdullah Al, Feras Sadaa, Sadaa, Claressa Shields, Kelsey De Santis, ’ ” Organizations: CNN, CNN Sport, Professional Fighters League, wasn’t, Professional, League, Thailand –, Combat Games, Saudi Games, International Federation of Muaythai, Muay Thai, Al, SRJ Sports Investments Company, Saudi Arabia’s Public Investment Fund Locations: Riyadh, Saudi Arabia, Saudi, Thai, Thailand, East, North Africa, MENA

Abuja, Nigeria CNN —The Duke and Duchess of Sussex landed in Nigeria on Friday, launching a three-day private visit to the West African nation, where they will meet with wounded soldiers and visit local charities, officials said. My husband was excited to jump up!” Meghan told cheering students in the school’s hall. Kola Sulaimon/AFP/Getty ImagesPrince Harry and Meghan were invited to Nigeria by the chief of defense staff, Christopher Musa, the country’s highest-ranking military official. The couple’s hosts, the Nigerian Defence Headquarters, are keen to be involved further in the Invictus Games and to be part of the wider Invictus community. Effiom Antigha, captain of Team Nigeria, told CNN last year that the games gave him a new lease on life.

Persons: Duke, Duchess of Sussex, Marshal Abidemi Marquis, “ We’re, ” Meghan, Harry, ”, Kola Sulaimon, Prince Harry, Meghan, Christopher Musa, Marquis, Oyeyemi Aderibigbe, “, Ife, Etti, ’, Ngozi, Bola Tinubu, Richard Montgomery, ” Cpl, Effiom Antigha Organizations: CNN’s Royal, Nigeria CNN, Invictus, Air, Nigerian Defence Headquarters, Lightway Academy, GEANCO Foundation, Getty, CNN, Invictus Games, World Trade Organization, Israel, Team Nigeria, Foundation Locations: Abuja, Nigeria, West African, Kola, AFP, Lagos, Nigerian, London, Los Angeles, Kaduna State, Germany, Colombia

☆ A market hedge for traders if you believe this May comeback is a head fake
▼ + stars: | 2024-05-10 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +3 min

The S & P 500 has risen nearly 10% in 2024 and has racked up twenty-two new all-time highs. Since I believe that this recent Fed-induced rally will stall, I want to be positioned to capture another potential pullback (even if shallow again). .SPX YTD mountain S & P 500 YTD Back in April, investors had very little interest in a string of U.S. Treasury auctions resulting in yields surging with the 10-year rate jumping to 4.7%. In the event you have long exposure to the S & P 500, this short call will serve as a hedge to that long exposure. I remain optimistic on the equity market in 2024 but, I believe the CBOE Volatility Index at 12 reveals complacency short-term.

Organizations: Federal Reserve, Treasury, Trust Locations: U.S

☆ There’s a surprising bit of good news lurking in the stock market
▼ + stars: | 2024-05-10 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

Traders fear that elevated rates will uphold painfully high borrowing costs for consumers, squeeze corporate profit and weigh down the market. The labor market has stayed strong, consumers have continued spending and stocks have notched repeated record highs. The April jobs report was a welcome sign that the labor market is cooling without cratering. The labor market added just 175,000 positions last month, marking its lowest tally since October 2023 and a sharp cooldown from the upwardly revised 315,000 jobs added in March. First-time applications for unemployment benefits climbed last week to 231,000, the highest level since last August, in another sign that the labor market is cooling.

Persons: “, ”, Jeff Buchbinder, Jerome Powell, ” Powell, April’s, David Russell, Matt Egan, Wally Adeyemo, Read, Diksha Madhok, Narendra Modi, Modi, Mukesh Ambani, Gautam Adani, Ambani, Ji, ” Modi, Rahul Gandhi Organizations: CNN Business, Bell, New York CNN, Federal, Traders, CNN, Fed, LPL, ” Treasury, Treasury, Reliance Industries, Adani, Indian National Congress Locations: New York, Thursday’s, ’, India

☆ A Norwegian Cruise Line worker is accused of stabbing people on board with scissors
▼ + stars: | 2024-05-10 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +3 min

A cruise ship worker was accused of stabbing a passenger and attacking crew members. AdvertisementA cruise ship employee was arrested after he allegedly used scissors to stab three people aboard a ship that was traveling to Alaska. The employee, identified as Ntando Sogoni from South Africa, had recently started working on Norwegian Encore, a ship operated by Norwegian Cruise Line, according to an affidavit from FBI Special Agent Matthew Judy cited by AP News. The US Department of Transportation keeps a record of reported crimes on cruise ships through quarterly reports. The district attorney's office, Juneau's police department, Sogoni's lawyer, and Norwegian Cruise Line did not immediately respond to requests for comment.

Persons: —, Matthew Judy, Sogoni Organizations: Service, Norwegian Cruise, AP News, FBI, US Department of Transportation, Cruise Locations: Alaska, Seattle, South Africa, Norwegian, Sogoni, Vancouver Island, British Columbia, Juneau

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