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☆ Live updates: Israel-Hamas war, Rafah crossing, bombings, Gaza ceasefire deal
▼ + stars: | 2024-05-08 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +1 min

Displaced Palestinians are arriving in Khan Yunis with their belongings after leaving Rafah in the southern Gaza Strip due to an evacuation order by the Israeli army, in Khan Yunis, Gaza, on May 7. Majdi Fathi/NURPHO/APThe United States paused a shipment of bombs to Israel amid concerns over their potential use in a Rafah incursion, according to a US official. The shipment, which was held back last week, includes 1,800 bombs weighing 2,000 pounds and 1,700 bombs weighing 500 pounds. CNN reported over the weekend that one shipment of ammunition to Israel had been paused, but the reason was unclear. Israeli leaders have warned for weeks that an invasion of the southern Gaza city of Rafah will occur at some point in the future, even as the US and others have publicly stated that such a ground operation should not occur.

Persons: Majdi, Biden Organizations: United, CNN Locations: Khan Yunis, Rafah, Gaza, Israel

☆ Dementia cases are on the rise — avoid these 12 risks to keep your brain healthy
▼ + stars: | 2024-05-08 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +5 min

Halfpoint Images | Moment | Getty ImagesA global mental health crisis is on the horizon — dementia. While a healthy body can mitigate dementia risks, a healthy mind is no less important. "We do know [that] people who have cumulative mental health symptoms during their lifetime, actually [have] an increased risk of dementia," said Singham. "If we see symptomatic improvement [to one's mental health] throughout the life course, then that can decrease your chances of having dementia eventually." "The other thing I would encourage young people to do is have a very disciplined, good sleep hygiene because our brains really really need to rest," Ng said.

Persons: Timothy Singham, Singham, Ng Ai Ling, " Ng Organizations: World Health Organization, WHO, National University of Singapore, CNBC, Community Services

CNN —The world has passed a clean energy milestone, as a boom in wind and solar meant a record-breaking 30% of the world’s electricity was produced by renewables last year, new data shows. The planet is reaching “a crucial turning point” toward clean energy, according to the Global Electricity Review published Wednesday by climate think tank Ember. Record-breaking renewablesIn 2000, renewables made up less than 19% of the global energy mix. It made up nearly twice as much new electricity generation as coal last year. Electricity demand is set to soar from 2024 onward, Ember’s analysis found.

Persons: It’s, Dave Jones, Ember, ” Jones, “ We’re, Jones, “, ”, Niklas Höhne, Nancy Haegel Organizations: CNN, Global, NewClimate Institute, European Union, EU, National Renewable Energy Laboratory Locations: China, India, Chile, Australia, Netherlands, California, United States

☆ Exclusive: Biodiversity startup Dendra Systems has secured a $15.7 million Series B
▼ + stars: | 2024-05-08 | by ( Tasmin Lockwood | Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

British biodiversity startup Dendra Systems announced Wednesday it has raised a $15.76 million Series B, as investors continue to pour capital into climate tech. The $15.76 million Series B round was led by Zouk Capital, a London-based private equity firm that has previously backed climate-tech companies such as Green Hedge and Orb Energy. Dendra Systems previously raised $10 million Series A in 2020 from At One Ventures, Airbus Ventures, Future Positive Capital, Chris Sacca's Lowercarbon Capital, and others. Climate tech proved to be more resilient than other sectors in a cool market in 2023, with European climate tech startups bucking the trend in declining investment and raising a collective $20 billion. Dendra Systems is among the first batch of European climate startups to get VC backing.

Persons: Susan Graham, Graham, Chris Sacca's Organizations: Systems, Zouk, Orb Energy, Aramco Ventures, Airbus Ventures, Understorey, Business, Tech News, Dendra, One Ventures, Positive, Natural Capital Research Locations: London, Rio Tinto, North America

☆ Chris Birch: ‘I absolutely would love to explore off this planet,’ says track cyclist turned NASA astronaut
▼ + stars: | 2024-05-08 | by ( George Ramsay | ) edition.cnn.com time to read: +6 min

“I love realistic space movies … I’m definitely a nerd,” reads Chris Birch’s answer on her profile page. That response proved prescient: shortly after stepping away from her professional cycling career, the Arizona native was selected from more than 12,000 applicants to join NASA’s astronaut class of 2021. The further she progressed with her application to join NASA, the more convinced she became that she had a future in spaceflight. “I really just had a blast,” Birch tells CNN Sport. “I absolutely would love to explore off this planet,” says Birch.

Persons: Christopher Nolan’s, “, Chris Birch’s, sidesteps, Birch, ” It’s, keener, Artemis, Luis Acosta, ”, I’m, ” Birch, that’s, she’s, There’s, “ I’m, I’ll Organizations: CNN, USA Cycling, NASA, CNN Sport, Space, Soyuz, Houston’s, Space Center, Getty, Tokyo, Games, Colorado –, Houston Marathon Locations: Arizona, madison, Peru, AFP, Leadville, Colorado, Montana, California

☆ U.S. and China trade divisions threaten a 'reversal' for global economy, IMF official warns
▼ + stars: | 2024-05-08 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

Carlos Barria | Afp | Getty ImagesDifferences between U.S.-led Western and China-aligned economic blocs threaten global trade cooperation and economic growth, a top official with the International Monetary Fund warned on Tuesday. IMF Deputy Managing Director Gita Gopinath said in a speech at Stanford University that events such as the global pandemic and Russia's invasion of Ukraine have disrupted global trade relations in ways not seen since the Cold War. "Increasingly, countries around the world are guided by economic security and national security concerns in determining who they trade with and invest in," she said, adding that this has resulted in countries increasingly picking sides between China and the U.S. Trade between the China and U.S. blocs has declined compared with trade among countries within the groupings, Gopinath said. The U.S. bloc mainly includes Europe, Canada, Australia and New Zealand, while China-leaning countries include Russia, Eritrea, Mali, Nicaragua and Syria.

Persons: Xi Jinping, Carlos Barria, Gita Gopinath, Gopinath Organizations: National Committee, China Relations, China Business Council, Economic Cooperation, APEC, Afp, International Monetary Fund, Stanford University, U.S, IMF, Trade, West Locations: Asia, San Francisco , California, China, Ukraine, Washington, Beijing, U.S, South, Taiwan, Europe, Canada, Australia, New Zealand, Russia, Eritrea, Mali, Nicaragua, Syria

☆ Chinese climbers stuck on cliff for more than an hour due to overcrowding
▼ + stars: | 2024-05-07 | by ( Lilit Marcus | Wayne Chang | ) edition.cnn.com time to read: +2 min

Earlier this week, groups of travelers climbing Yandang Mountain in eastern China were stuck partway up a cliff, clinging to a rope along a fixed climbing route, for more than an hour. Someone like me afraid of heights might just wet myself up there!” wrote one Chinese online commenter. Wenzhou Dingcheng Sports Development Co., Ltd, which manages the via ferrata, said it had underestimated the number of people interested in climbing the mountain. Yandang Mountain is about 410 km (255 miles) south of Shanghai, in Zhejiang province, and is 1150 meters (3,773 feet) high. A popular site for holidaymakers in China, Yandang Mountain was submitted for UNESCO World Heritage site designation in 2001 and remains on the tentative list.

Persons: Everest, rungs, ”, I’m Organizations: CNN, Sports Development Co, Labor, UNESCO Locations: China, Wenzhou, Shanghai, Zhejiang province

☆ New Delhi’s Iron Pillar has been exposed to the elements for centuries. So why hasn’t it ever shown signs of rust?
▼ + stars: | 2024-05-07 | by ( Poonam Binayak | ) edition.cnn.com time to read: +7 min

The Quwwat-ul-Islam mosque is part of the UNESCO-listed Qutb Minar complex. Scientists both in India and abroad began studying the iron pillar in Delhi in 1912 to try to figure out why it hadn’t corroded. Stuart Forster/ShutterstockBeyond its metallurgical intrigue, the origin of the Iron Pillar is also veiled in mystery. In the epic poem “Prithviraj Raso,” penned by Chand Bardai, a courtier in the Chahamana dynasty under King Prithviraj Chauhan, the Iron Pillar holds great significance. “Bardai describes the Iron Pillar in Raso as a nail holding the Earth on the hoof of Sheshnag, the serpent king in Hindu mythology,” says Vikramjit.

Persons: Qutb, Anders Blomqvist, Balasubramaniam, Stuart Forster, Gupta, Chandragupta II, Vikramaditya, Vishnu, It’s, Garuda, Vikramjit Singh Rooprai, King Vikramaditya, Siddhanta, ”, Raja Anangpal, Qutbuddin, Prithviraj Raso, Chand Bardai, King Prithviraj Chauhan, “ Bardai, “ Raso, Anangpal, Qutub, Ravi Pratap Singh, Pragya Nagar Organizations: CNN, New Delhi’s UNESCO, UNESCO, Indian Institute of Technology, National Metallurgical Laboratory, Indian Institute of Metals, Varāhamihira, ASI, Survey Locations: Mehrauli, Islam, India, Delhi, Kanpur, Varah, Udayagiri Caves, Vidisha, Madhya Pradesh, “, Mihirapuri, Tomar, Raso

☆ How AI is changing OnlyFans and adult content creation, from chatting to 'AI twins,' and where the future is headed
▼ + stars: | 2024-05-07 | by ( Marta Biino | ) www.businessinsider.com time to read: +12 min

Many AI adult influencers have turned to OnlyFans competitor Fanvue to monetize their content. MySentient has been investing in creating "sentient" AI chatbots based on people that range from adult creators like Amouranth to Jesus. Elaina St James has used different AI tools to generate images of herself in different contexts and outfits. To create these characters, they use a variety of AI tools, including Unstable Diffusion, an AI image generator that focuses on NSFW content. Others see the power of AI but also the issues it could create for the adult industry as a whole.

Persons: Riley Reid, Ana Levy, Isla Moon, Jada Sparks, Fanvue, it's, OnlyFans, Fortune, Riley Reid's Clona, immortalize, Riley, MySentient, Amouranth, Jesus, Reese Leysen, Leysen, We've, Robert Weiss, that's, she'd, James, Elaina, James Level, —, Eva AI, MyClub.ai, Eva, MyClub, Jessica Moore, Elaina St James, St James, Zoe Fox, Aika Kittie, Margot Robbie, Influencer Sophie Annaston, she's, Sophie Annaston, who's, It's, Charles Lyle Organizations: Business, MyClub, AVN, Media Locations: Philippines, India, Pakistan, Canada, Spanish, Fanvue, Lipa

☆ Former Google CEO Eric Schmidt on AI potential: American businesses will change because of this
▼ + stars: | 2024-05-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Google CEO Eric Schmidt on AI potential: American businesses will change because of thisEric Schmidt, Schmidt Future co-founder, Special Competitive Studies Project co-fonder and former Google executive chairman and CEO, joins 'Squawk Box' to discuss the state of the AI arms race, the potential of AI technology, AI disinformation, fate of TikTok, American competition with China, and more.

Persons: Eric Schmidt, Schmidt, TikTok Organizations: Project, Google Locations: China

☆ TikTok sues to block prospective US app ban
▼ + stars: | 2024-05-07 | by ( Brian Fung | ) edition.cnn.com time to read: +9 min

If it loses, TikTok could be banned from US app stores unless its Chinese parent company, ByteDance, sells the app to a non-Chinese entity by mid-January 2025. But Virginia Democratic Sen. Mark Warner, an advocate for the TikTok legislation, said in remarks on the Senate floor in April that the briefings provided critical insight into the risk TikTok poses. US policymakers have described the law at issue as a forced divestiture of TikTok, not an outright app ban. Some US officials have been trying to ban TikTok from the United States since 2020, when former President Donald Trump moved to block the app by executive order. (Trump has since reversed his position, saying a TikTok ban would only help Meta, a company Trump blames for his 2020 election defeat.)

Persons: Washington CNN — TikTok, Joe Biden, TikTok, Bytedance, “, didn’t, Virginia Democratic Sen, Mark Warner, Warner, they’ve, They’ve, ”, Tuesday’s, ByteDance, TikTok’s, Berman, Evelyn Douek, Biden, Gautam Hans, Hans said, Jennifer Huddleston, Donald Trump, Trump, Douek, ” Douek Organizations: Washington CNN, Appeals, District of Columbia Circuit, Justice Department, Oracle, Foreign Investment, Republican, Democrat, Virginia Democratic, Senate, Stanford University, Cornell University . Still, Apple, Google, Cato Institute, European Commission, Trump Locations: China, United States, TikTok, Israel, Ukraine, Montana, Canada, United Kingdom, India

☆ The Trump hush money trial might be tawdry but it’s likely the only one he’ll face before the election
▼ + stars: | 2024-05-07 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

He learned late Tuesday afternoon that Judge Aileen Cannon, whom he appointed, indefinitely postponed a trial in his classified documents case in Florida. She told the jury Tuesday about a $130,000 hush money payment she received from Cohen before the 2016 election. But prosecutors allege Trump falsified business records to hide it and to mislead voters in an early bout of election interference. The judge complained that the ex-president was “cursing audibly” during Daniels’ testimony and was shaking his head. “Am I correct that you hate President Trump?” Necheles asked.

Persons: CNN —, Stormy Daniels, Donald, —, he’s, Trump, scowling, Daniels, Aileen Cannon, Ty Cobb, Cannon, ” Cobb, CNN’s Erin Burnett, Cannon’s, Trump’s, it’s, Michael Cohen, Cohen, He’s, “, Donald Trump, Norm Eisen, CNN’s Wolf, Judge Juan Merchan, audibly ”, ”, Todd Blanche, Jeremy Herb, Merchan, Susan Necheles, Necheles, ” Necheles, ” Daniels, ‘, Let’s, ’, Daniels —, Eric Trump, ” Trump Organizations: CNN, White, Trump, White House, ” Locations: Florida, Lake Tahoe

Prosecutors cannot force Donald J. Trump to testify at his criminal trial in Manhattan, but that does not mean they can’t use his words against him. On Tuesday, the prosecutors unearthed a series of damaging excerpts from books that the former president wrote, plucking out passages to help make their case against Mr. Trump. In essence, they called a past version of Mr. Trump to testify against his future self. In his own words, Mr. Trump described how he kept a focus on minute details and watched every penny that left his accounts, corroborating a core component of the prosecution’s case as they argue that he knew that his company falsified business records to cover up a hush-money payment to Stormy Daniels, a porn star. On cross-examination, Mr. Trump’s lawyer, Todd Blanche, suggested that a ghost writer had been responsible for these words.

Persons: Donald J, Trump, Stormy Daniels, Trump’s, Todd Blanche Locations: Manhattan

☆ Disney just had its worst day in a year and a half
▼ + stars: | 2024-05-07 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —Disney managed a rare feat for a legacy media company: Its streaming service actually turned a profit — with some caveats. It was Disney’s worst stock trading day in 18 months. That’s a lot of money, but it is a pretty huge improvement over the $659 million loss the collective streaming business reported in the same period a year ago. Streaming is new(ish) and very different beast from the traditional cable TV model Disney and other media giants like Paramount, Viacom and Warner Bros. “It is a very tough business,” Verna said.

Persons: CNN Business ’, New York CNN — Disney, ” Paul Verna, ” Disney, ” Verna, Bob Iger, It’s, ” “ Indiana Jones, ”, Iger, Brian Mulberry Organizations: CNN Business, New York CNN, Disney, ESPN, Apple, Netflix, Paramount, Viacom, Warner Bros ., Zacks Investment Management Locations: New York, “, India

☆ See what it's like living in Portugal's first 3D printed, 2-bedroom concrete home
▼ + stars: | 2024-05-07 | by ( Brittany Chang | ) www.businessinsider.com time to read: +1 min

Startup Havelar built Portugal's first 3D printed home using COBOD's popular printing system. The Portugal-based startup says it can build faster and cheaper than conventional construction. AdvertisementIf companies like Portugal-based Havelar have their way, the future of affordable housing will look like perfectly stacked strands of spaghetti (as in, they'd be 3D printed). Printing-construction startup Havelar says it can build a new home in less than two months while pricing it significantly below market, all with the help of a robotic construction printer. It may sound like an impossible claim, but its latest project — and Portugal's first 3D printed home — has made its case.

Persons: — Organizations: Service Locations: Portugal

☆ Former Treasury Secretary Steven Mnuchin on TikTok: We are interested in buying or investing in it
▼ + stars: | 2024-05-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Treasury Secretary Steven Mnuchin on TikTok: We are interested in buying or investing in itFormer U.S. Treasury Secretary and Liberty Strategic Capital founder and managing partner Steven Mnuchin joins CNBC's 'Squawk on the Street' to discuss the future of TikTok, Chinese government implications, asset value, and more.

Persons: Steven Mnuchin Organizations: Former, Treasury, Liberty Strategic Capital Locations: Former U.S

☆ Columbia University protests: Trump-appointed judges say they’ll boycott Columbia grads over university’s handling of student dissent
▼ + stars: | 2024-05-07 | by ( Gloria Pazmino | ) edition.cnn.com time to read: +3 min

New York CNN —A group of 13 conservative US federal judges are vowing to not hire Columbia University law students or undergraduates because of how the school has handled pro-Palestinian demonstrations on its campus in recent weeks. “As judges who hire law clerks every year to serve in the federal judiciary, we have lost confidence in Columbia as an institution of higher education. CNN has reached out to Columbia University for comment. They typically hire law school graduates for clerkships that can eventually lead to high-paying and prestigious jobs. If not, employers are forced to assume the risk that anyone they hire from Columbia may be one of these disruptive and hateful students,” the judges wrote.

Persons: Minouche Shafik, Gillian Lester, Judge James C, Elizabeth L, Matthew H, Solomson, Donald Trump, Matthew Kacsmaryk Organizations: New, New York CNN, Columbia, . ” Columbia University, New York Police Department, Police, CNN, U.S ., Appeals, Fifth Circuit, Eleventh Circuit, U.S . Court, Federal, Columbia University, Northern District of, Hamilton Hall Locations: New York, Manhattan, Gaza, Columbia, Texas, Northern District, Northern District of Texas, Amarillo

☆ Lance Bass shares 1 workout and 1 diet hack he uses to keep his body young — and offset the wear and tear of his NSYNC days
▼ + stars: | 2024-05-07 | by ( ) www.businessinsider.com time to read: +5 min

Former NSYNC member Lance Bass said his boyband years took a toll on his body. Bass said he has focused on stabilizing his blood sugar after a post-NSYNC diabetes diagnosis. He has also discovered the power of broccoli and some other nutrient-rich vegetables to stabilize his blood sugar, he told Business Insider in an interview. There are no plans right now, but I think the future is bright for NSYNC," Bass said. Eating broccoli and spinach helps balance his blood sugarBass has been paying more attention to his blood sugar, and eating balanced meals, after a recent diabetes diagnosis.

Persons: Lance Bass, Bass, —, he'd, I'm, NSYNC, Justin Timberlake, I've, Allegra, Michael Turchin, Violet, Alexander, we're Organizations: Service, Allegra Airways Locations: LA

☆ Want to fire your real estate agent? Try this.
▼ + stars: | 2024-05-07 | by ( Alistair Barr | ) www.businessinsider.com time to read: +3 min

A $418 million legal settlement in March upended the residential real estate market. It's the brainchild of Lewis Buckley and Allan Wood who met during a private home sale process that — you guessed it — involved no real estate agents. In the US, commissions on home transitions have hovered between 5% and 6% of the sale price for decades. In the UK, real estate agents charge a 1% to 3% of the property sale price, and then sellers usually have to hire someone else to handle the legal stuff. Even with the lowest 1% commission rate of a traditional estate agent, a homeowner would save £4,605 if they paid Hiizzy's £395 flat fee.

Persons: —, Lewis Buckley, Allan Wood, Albert Fox Cahn Organizations: Service Locations: Hiizzy

Known then as Masako Owada, she worked long hours and had a rising career as a trade negotiator. Much has changed for Japan’s Foreign Ministry — and, in some ways, for Japanese women more broadly — in the ensuing three decades. Since 2020, women have comprised nearly half of each entering class of diplomats, and many women continue their careers after they marry. For years, Japan has promoted women in the workplace to aid its sputtering economy. But many women still struggle to balance their careers with domestic obligations.

Persons: Masako Owada, Crown Prince —, — Naruhito, Japan’s Foreign Ministry — Organizations: Crown, Japan’s Foreign Ministry, Private Locations: Japan

☆ Watch CNBC’s full interview with former Google executive chairman and CEO Eric Schmidt
▼ + stars: | 2024-05-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with former Google executive chairman and CEO Eric SchmidtEric Schmidt, Schmidt Future co-founder, Special Competitive Studies Project co-fonder and former Google executive chairman and CEO, joins 'Squawk Box' to discuss the state of the AI arms race, the potential of AI technology, AI disinformation, fate of TikTok, American competition with China, and more.

Persons: Eric Schmidt Eric Schmidt, Schmidt, TikTok Organizations: Google, Project Locations: China

☆ Giant Batteries Are Transforming the Way the U.S. Uses Electricity
▼ + stars: | 2024-05-07 | by ( Brad Plumer | Nadja Popovich | ) www.nytimes.com time to read: +17 min

Uses Electricity They’re delivering solar power after dark in California and helping to stabilize grids in other states. Peak demand average daily generation, by fuel type Peak demand 25k 25k megawatts megawatts Imports 20k 20k 15k 15k Gas Solar power Batteries Solar power 10k 10k Wind 5k 5k Hydro Nuclear 0 0 12a.m. Peak demand average daily generation, by fuel type Peak demand 25k 25k megawatts megawatts Imports 20k 20k 15k 15k Gas Solar power Batteries Solar power 10k 10k Wind 5k 5k Hydro Nuclear 0 0 12a.m. Ga. Ga. Texas Texas La. By The New York TimesMost grid batteries use lithium-ion technology, similar to batteries in smartphones or electric cars.

Persons: …, ”, Helen Kou, Conn ., Mo ., R.I, Conn . Conn ., . Kan ., “, Andrés Gluski, Mike Blake, John Phipps, Phipps, Stephanie Smith, Aaron Mitchell, Natalie McIntire, Tamir Kalifa, Emma Konet, Max Kanter, BloombergNEF, you’ve, Meredith Fowlie, Nate Blair, “ We’re, Ross D Organizations: Hydro Nuclear, Hydro, The New York Times, “, United States U.S, Conn . Pa . Iowa Neb, N.J . Ohio Nev, Del . Utah Ill, Texas, Fla ., Vt, Wis ., Wis . Idaho Idaho S.D, Pa . Iowa Iowa Neb, Neb . N.J . N.J . Ohio Ohio Nev, Del . Utah Utah Ill, . Energy, AES Corporation, Reuters, California, Georgia Power, Natural Resources Defense Council, Nationwide, The New York Times Grid, University of California, National Renewable Energy Laboratory, Franklin, Associated Locations: California, The New York Times California, China, Texas , California, Arizona, Wash . Maine, Minn, Ore, N.H, N.Y, Mass, Wis . Idaho S.D, Mich, Wyo, R.I, Conn, Conn . Pa . Iowa, N.J . Ohio, Del . Utah, Calif, Md, Colo, W.Va . Va, Mo, Mo . Kan, Ky, N.C, Tenn, Ariz, ., S.C . California, Ala, Miss ., Fla, Alaska Texas, Hawaii, Wash . Maine Maine Mont, Mont, Vt, Wis, Wis . Idaho Idaho, S.D . Mich, Conn . Conn, Conn . Conn . Pa, Pa . Iowa, Neb . N.J . N.J . Ohio, Nev . Ind, Ind, Del, W.Va, W.Va . Va . Va, . Kan . Kan, S.C . Ala . Ala . Miss, . Texas Texas, La, Fla . Alaska Alaska Hawaii Hawaii California, Texas, Menifee, . California, ” In Texas, Fort Worth, West Texas, Georgia, Sweetwater , Texas, Tierra, Berkeley, Sacramento

☆ How US presidential election years affect the market
▼ + stars: | 2024-05-07 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +5 min

But if the past century is any guide, the long-term consequences of US presidential election years on investor portfolios, including 401(k)s, is minimal at best. Unsurprisingly, those four presidential election years occurred at times of seismic events: The Great Depression. The S&P 500 alone has generated an average return of 7% during presidential election years since 1952, according to LPL Financial. If you limit that to presidential election years in which the incumbent president is running for reelection, the average jumps to 12.2%. “If you’re not going to make a change in a nonelection year, you shouldn’t do so in a presidential election year,” Mukherjee said.

Persons: TIAA, ”, Niladri Mukherjee, Jeff Buchbinder, Joe Biden, Donald Trump, ” Mukherjee, Mukherjee, What’s, — Mukherjee, you’re, Daniel Crosby, Crosby Organizations: New, New York CNN, US Bank, “, Senate Locations: New York, United States

☆ US paused shipment of bombs to Israel amid concerns over potential use in Rafah incursion, US official says
▼ + stars: | 2024-05-07 | by ( Oren Liebermann | ) edition.cnn.com time to read: +4 min

CNN —The United States paused a shipment of bombs to Israel amid concerns over their potential use in a Rafah incursion, according to a US official. The shipment, which was held back last week, includes 1,800 bombs weighing 2,000 pounds and 1,700 bombs weighing 500 pounds. CNN reported over the weekend that one shipment of ammunition to Israel had been paused, but the reason was unclear. On Monday, Israel carried out what the US described as a “limited” operation in Rafah, taking over the border crossing with Egypt that is a vital lifeline for humanitarian aid. “We have not made a final determination on how to proceed with this shipment,” the official said.

Persons: Biden, Israel, ”, Matt Miller, “, Pat Ryder, Benjamin Netanyahu, Israel’s, Ali Jadallah, Marc Garlasco, Sabrina Singh, “ You’ve, You’ve, I’m Organizations: CNN, Pentagon, US, Getty, UN Locations: United, Israel, Rafah, Gaza, Egypt, Anadolu, Israel’s, Vietnam

☆ Inside the Growing Alarm Over Blackstone's BREIT Real-Estate Fund
▼ + stars: | 2024-05-07 | by ( Bethany Mclean | ) www.businessinsider.com time to read: +23 min

Investors in Blackstone's real-estate fund asked for their money back in droves — more than $15 billion to date. Unless the real-estate market comes roaring back, analysts warn, BREIT could end up shrinking to a fraction of its current size, leaving the fund's investors holding the bag. Only 3% of BREIT's holdings are in office buildings, which have been ground zero for commercial real estate pain. Advertisement"Not all real estate is created equal," BREIT boasted in a recent letter to stockholders, "and where you invest matters." "Commercial real estate is a slow burn," Brian Moynihan, the CEO of Bank of America, recently observed.

Persons: Blackstone, —, BREIT, REITs, Steve Schwarzman, Jeenah, Nate Koppikar, Craig McCann, BREIT's, Chilton, McCann, McCann, Horacio Villalobos, That's, Donald Trump, Robert Chang, Schwarzman, Michael Blackshire, Phil Bak, Stephen Schwarzman, Shannon Stapleton, Brian Moynihan, it's, It's Organizations: BREIT, Orso Partners, Securities Exchange Commission, Blackstone, SEC, Chilton Capital Management, SLCG Economics Consulting, Publicly, University of California, Regents, Armada Investors, Reuters, Bank of America Locations: BREIT, Lisbon, Fideres

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