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But by Wednesday morning, the peace at the University of California, Los Angeles, had been shattered. Many critics were incredulous that even after officers with the Los Angeles Police Department arrived, there were no arrests or suspensions. Campus officials ordered protesters on Wednesday evening to leave the encampment or face arrest. Image A group of counterprotesters attacked a pro-Palestinian encampment at the University of California, Los Angeles, on Tuesday night. seemed to wait too long to call in the Los Angeles police, whose officers did not arrive until after midnight.
Persons: fistfights, , , Marie Salem, Mark Abramson, ANGELES Royce Hall Dickson, Ms, Salem, Aidan Woodruff, Mr, Woodruff, counterprotesters, Philip Cheung, Gene Block, Block, Israel counterprotesters, Karen Bass’s, Counterprotesters, Michael Nasir, Mary Osako, Katy Yaroslavsky, streetlight, Hussam Ayloush, Rob Bonta, Ayloush, Benjamin Kersten, Bella Brannon, Brannon, Jill Cowan, Shawn Hubler, Livia Albeck, Claire Fahy, John Yoon, Yan Zhuang Organizations: University of California, Student, The New York, The New York Times, Los Angeles Police Department, OF, ANGELES Royce Hall Dickson, ANGELES Royce Hall, ANGELES Royce Hall Dickson Court, ., Israel, Royce Hall, Los Angeles police, Police Department, Patrol, California, Credit, . Palestinian Solidarity, Jewish, Fairfax District, Jewish Federation Los, Los, Los Angeles Area, Islamic Relations, Jewish Voice, Peace Locations: Los Angeles, U.C.L.A, Israel, California, . Palestinian, counterprotesters, , Westside, Beverly Hills, Iranian, Gaza, Palestine
Sell in May and go away? Think again
  + stars: | 2024-05-02 | by ( Krystal Hur | ) edition.cnn.com   time to read: +6 min
New York CNN —It’s “sell in May and go away” season. All three major indexes broke five-month winning streaks as hotter-than-expected inflation data stoked fears that interest rate cuts will come later than forecast. The central bank kept interest rates on hold at a 23-year high at its policy meeting. Persistent inflation has kept long-anticipated rate cuts on the backburner. Tesla “has let our entire charging org go,” William Navarro Jameson, strategic charging programs lead at Tesla, wrote on X.
Persons: Stocks, Jerome Powell, , Alex McGrath, Larry Tentarelli, Bryan Mena, it’s, Read, Tesla, Tesla “, ” William Navarro Jameson, Lane Chaplin, Hanna Ziady, Peter Valdes Organizations: CNN Business, Bell, New York CNN, The, Dow Jones, Nasdaq, Wednesday, Traders, Blue, Carson Group, Research, Federal Reserve, Fed, Motors, Ford, Tesla Locations: New York
Set against these watery-monoliths of Mother Nature, Steudtner looks totally vulnerable, but it’s a brief moment in time when the surfer feels most at peace. “It’s complete chaos and you would think, as an outsider, it’s terrifying,” the big wave surfer tells CNN Sport. Simon Hofmann/Getty ImagesBig wave surfing is certainly not for everyone. “It’s the largest physical energy in the ocean which is about to explode on the shore, and I realize how small, little, insignificant and nothing we are as humans compared to nature,” Steudtner says. I can ride the wave the way I want to ride the wave.
Persons: Sebastian Steudtner, Nature, , Steudtner, Octavio Passos, he’s, ” Steudtner, , Simon Hofmann, I’m, Eric –, lumpy ”, Stefan Matzke, windsurfer Organizations: CNN, CNN Sport, , German Navy Locations: Portugal, Nazaré, Europe, Hawaii, Germany
“If we work with our physiology knowing that women are women and men are men, knowing that women are not small men, then imagine the (health) outcomes,” she said at a 2019 TED talk. Women of all ages should focus on strength training to help reduce risk of dementia, said exercise physiologist and nutrition scientist Dr. Stacy Sims (not shown). Dr. Stacy Sims said women should prioritize eating more protein to support building muscle, especially as bodies age. But if we have that lean mass from strength training, it really helps calm down that rate of change. Drinking something cold right after exercise helps bring that blood back centrally, reduces metabolites and starts the reparation process.
Persons: Joe Biden, , Stacy Sims, , MoMo, Sims, Darwin, that’s, Alzheimer’s, haven’t, It’s, , Melanie Radzicki McManus Organizations: CNN’s, CNN, TED, National Institutes of Health, Women’s, US National Institutes of Health Locations: Mount Maunganui , New Zealand
Voters in England and Wales will cast ballots for mayors, council members and police commissioners on Thursday. And while the elections will, of course, focus on local issues like garbage collection and public safety, this vote is expected to have broader significance. Local elections, by their nature, are about who leads communities and ensures the delivery of certain public services. The Conservatives face a fierce challenge from the opposition Labour Party, led by Keir Starmer. About one-third of England’s council seats are being contested on Thursday, and 10 mayoral seats in major English metro areas, home to about a third of Britain’s population, are also up for election.
Persons: Rishi Sunak’s, Keir Starmer Organizations: Conservative Party, Conservatives, Labour Party, Labour Locations: England, Wales
The biggest U.S. challenge so far to the vast power of today’s tech giants has reached its climax. v. Google — over whether the tech giant broke federal antitrust laws to maintain its online search dominance. Google insists that consumers use its search engine because it is the best product. Many antitrust experts expect he will land somewhere in the middle, ruling only some of Google’s tactics out of bounds. The trial is the biggest challenge to date to the vast power of today’s tech giants, which have defined an era when billions of people around the world depend on their products for information, social interaction and commerce.
Persons: Amit P, Mehta Organizations: Justice Department, Google, Apple, District of Columbia, Meta Locations: U.S
CNN —Even though Apple has silenced critics and beaten existential crises before, some fans of its minimalist products and investors in its maximalist stock are nervous. Analysts are expecting low sales figures for the quarter ending March 31 – despite the company beating expectations in the last four quarters. This will be its first earnings report since the launch of its biggest new product in years, its $3,499 mixed reality Vision Pro headset. Market research firm IDC said Apple’s smartphone shipments tumbled a stunning 10% globally in the first quarter of this year. All eyes on AIAccording to David McQueen, research director at tech intelligence firm ABI Research, the company could spark sales growth soon.
Persons: Apple, Ming, Chi Kuo, , , Nabila Popal, David McQueen, OpenAI Organizations: CNN, Apple, IDC, Huawei, Xiaomi, Samsung, ABI Research, Developers Conference, ChatGPT Locations: China, Hollywood
Moderna on Thursday posted a narrower-than-expected loss for the first quarter as the company's cost-cutting efforts took hold and sales of its Covid vaccine, its only commercially available product, topped estimates. The biotech company booked first-quarter sales of $167 million, with revenue from its Covid shot dropping roughly 90% from the same period a year ago. The company reiterated its full-year 2024 sales guidance of roughly $4 billion, which includes revenue from its RSV vaccine. For the first quarter, Mock said the company is "more encouraged by what we're seeing from a productivity perspective" than the higher sales of its Covid vaccine. Cost of sales was $96 million for the fourth quarter, down 88% from the same period a year ago.
Persons: we've, Stéphane Bancel, Jamey Mock, Mock, OpenAI Organizations: Moderna, LSEG, CNBC, Research, Mock, Merck Locations: Moderna, U.S, America
When voters in England and Wales go to the polls on Thursday to elect mayors and local council members, the outcome will inevitably be seen as a barometer for Britain’s coming general election. Given the sour public mood and the Conservative Party’s dire poll ratings, the storm clouds are already forming. The big question is not whether the governing Conservatives will lose seats — that is a foregone conclusion among pollsters — but whether the losses will exceed or fall short of expectations after 18 months in which the Tories have consistently trailed the opposition Labour Party by yawning margins. “If a party has been 20 points behind the opposition for 18 months, how much worse can it get?” said Tony Travers, a professor of politics at the London School of Economics. “The losses would have to be very, very bad for it to be viewed as a negative result for the Conservatives, and they are unlikely to be good enough for Labour for it to be viewed as a success.”
Persons: pollsters, , Tony Travers Organizations: Wales, Conservative, Conservatives, Tories, Labour Party, London School of Economics, Labour Locations: England
Tesla has laid off most of its charging team, causing confusion about the future of its Supercharger network. Virtually all major automakers have adopted Tesla's charging techTesla has committed to doubling its network size in-party with public money. Advertisement"I got a bounce from every email address," said Andres Pinter, co-CEO of Bullet EV Charging Solutions, which has about a dozen ongoing projects underway for Tesla. The automakers Tesla partnered with can already access existing plugs, but the recent layoffs raise questions about the network's future growth. Perhaps that's not enough to offset the costs of rapidly building new Supercharger stations that will ultimately benefit other carmakers, as well as Tesla.
Persons: Tesla, , Andres Pinter, he'd, Musk, Superchargers, Pinter, Elon Musk, it's, that's Organizations: Service, Ford, Motors, American, Tesla, Elon, Solutions, Department of Energy, EV
Jr. took from both candidates but slightly more from President Biden. But our strong feeling is that the more that Democratic-leaning voters are exposed to R.F.K. Whereas the Biden campaign is focused on making a positive for case for President Biden, our focus really is just highlighting the negatives and vulnerabilities of the third-party, independent candidates, most notably R.F.K. Jr. voters, I would say they tend to be younger, women, voters of color and lower propensity voters, right? Cottle: What about younger voters?
Persons: Smith, R.F.K, Jr, Biden, Kennedy, R.F.K ., Cottle, You’re, They’re, , MAGA Organizations: Democratic, New York Times, MSNBC Locations: Gaza
Rwanda, the court said, might send them back to countries where their lives could be at risk. The law that passed last week aims to override that court ruling by declaring that Rwanda is safe. Legality aside, it has never been clear that the policy is even capable of working. So what is the point of the Rwanda policy? But Mr. Sunak — under pressure from his party’s right to accede to their demands on immigration — needs an emphatic win, or at least something that looks like one.
Persons: , Rishi Sunak, Priti Patel, ” It’s, Sunak’s, Sunak, Liz Truss, Mr, He’s Organizations: United Nations ’, Rwanda —, Conservative Party, Labour, Mr, Conservative Locations: Rwanda, Kigali
A general view of the city skyline at sunset from Dhow Harbour on February 5, 2015 in Abu Dhabi, United Arab Emirates. DUBAI — Abu Dhabi artificial intelligence firm Presight bought a 51% stake in AIQ, a joint technology venture between the Abu Dhabi National Oil Company (ADNOC) and G42, a major Abu Dhabi-based AI and cloud company. The new ownership structure will see ADNOC holding 49% of the company and giving it a valuation of $1.4 billion, according to a joint company press release. ADNOC will in turn get a 4% stake in Presight, as it aims to integrate AI into more of its operations and services. AIQ uses AI and machine learning to improve processes in the oil and gas industry.
Persons: Presight, ADNOC, CNBC's Dan Murphy, Chris Cooper, We've, Cooper Organizations: United, United Arab Emirates, Abu Dhabi National Oil Company Locations: Harbour, Abu Dhabi, United Arab, DUBAI, AIQ, Presight, ADNOC
The last time Ben Houchen ran to be mayor of Tees Valley, a struggling, deindustrialized region in northeastern England, he stormed to victory with almost 73 percent of the vote. Three years on, Mr. Houchen, a Conservative politician, faces a re-election contest in which even a narrow win would do. As voters in England prepare to vote in Thursday’s local and mayoral elections, the governing Conservatives, led by Prime Minister Rishi Sunak, are trailing badly in the opinion polls to the opposition Labour Party ahead of a general election expected later this year. So Mr. Houchen has campaigned on his own achievements, relying on his personal brand as the poster boy for “leveling up” — the Conservatives’ flagship policy of bringing prosperity to disadvantaged regions of England.
Persons: Ben Houchen, Houchen, Rishi Sunak Organizations: Conservative, Conservatives, Labour Party, , Conservatives ’ Locations: Tees Valley, England
The Biden administration on Wednesday canceled more than $6 billion in student debt for 317,000 people who attended the Art Institutes, a now-defunct network of for-profit colleges that President Biden said “knowingly misled” students. After a review of lawsuits brought by state attorneys general against the schools and their parent company, Education Management Corporation, the Education Department found that the Art Institutes falsified job placement figures in advertisements and misled prospective students with inflated salary expectations. In one case the department highlighted, an Art Institute campus in Florida appeared to have included the tennis star Serena Williams’s annual income in its graduate salary projections after she had attended classes there. “This institution falsified data, knowingly misled students and cheated borrowers into taking on mountains of debt without leading to promising career prospects at the end of their studies,” President Biden said in a statement.
Persons: Biden, , Serena, Organizations: Wednesday, Art Institutes, Education Management Corporation, Education Department, Art Institute Locations: Florida
The Louisiana secretary of state has ordered that the congressional map be finalized by May 15. Even so, they said, it was evident that creating a second district with a majority of Black voters was lawmakers’ overarching objective. But in the map drawn by the Republican-controlled Legislature, only one of the six congressional districts had a majority Black population. The ruling reaffirmed the Voting Rights Act of 1965, which had been diminished over the years by the court’s conservative majority. Critics of Tuesday’s ruling argued that the repercussions in Louisiana could extend beyond a single election, or even partisan divisions.
Persons: , Critics, Eric H, Holder Jr, Liz Murrill, “ I’ve, , David C, Joseph, Robert R, , Carl E, Stewart, , Tuesday’s, Ashley Shelton, Ms, Shelton Organizations: Black, U.S . Constitution, National Democratic, Republican, U.S, Supreme, . Constitution, State Legislature, Lawmakers, U.S ., Appeals, Fifth Circuit, American, Western, Western District of, Louisiana Legislature, voters, Power Coalition for Equity, Justice Locations: Louisiana, U.S ., ., Baton Rouge, Shreveport, Western District, Western District of Louisiana, Black, U.S
The Education Department announced $6.1 billion in student-debt relief or 317,000 borrowers. The relief applies to borrowers who attended any Art Institute campus from January 1, 2004, to October 16, 2017. Investigations found that the Art Institutes misled students about career prospects and salaries. The Art Institutes were a for-profit system that prompted investigations from the attorneys general of Iowa, Massachusetts, and Pennsylvania. More broadly, the Education Department is working to implement its broader student-loan forgiveness plan after the Supreme Court struck down its first attempt.
Persons: , Joe Biden's, Richard Cordray, Biden Organizations: Education Department, Art Institute, Investigations, Art, Service, Joe Biden's Education Department, Art Institutes, Aid, Corinthian College, Public Locations: Iowa , Massachusetts, Pennsylvania
The police killed an armed student after an active shooter had been reported near a middle school in Mount Horeb, Wis., on Wednesday, the authorities said. “This could have been a far worse tragedy,” Mr. Kaul said. The authorities did not identify the person killed, but they said the student was a male, and a minor, who attended a Mount Horeb Area School District school. Officers with the Mount Horeb Police Department fired shots at the armed student, Mr. Kaul said. It was unclear whether the student fired back at the officers.
Persons: Josh Kaul, ” Mr, Kaul Organizations: Mount Horeb Area, District, Mount Horeb Police Department Locations: Mount Horeb, Wis, Wisconsin
Ahead of the 2024 Met Gala on Monday, we're looking back at some of the best looks in history. Some celebrities, like Anne Hathaway, have directly emulated iconic red-carpet looks from the '90s. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementHere are some of the best '90s-inspired Met Gala looks of the last few years.
Persons: we're, Anne Hathaway, , Hillary Hoffower, Krystine Batcho, Hoffower, Elana Klein Organizations: Service, Le Moyne College
While Red Lobster increased traffic somewhat, people coming in to chow down on all-you-can-eat shrimp was a money bleeder. But the story about what's gone wrong with Red Lobster is much more complicated than a bunch of stoners pigging out on shrimp (and, later, lobster) en masse. Red Lobster first opened in Lakeland, Florida, in 1968 and was acquired by the food conglomerate General Mills in 1970. "What's truly happened with Red Lobster is that the consumer base has changed and Red Lobster hasn't," he said. "Red Lobster isn't losing to a competitor in their space — they're losing to competitors outside their space."
Persons: It's, what's, Jonathan Maze, Mills, General Mills, Olive, Darden, Red, Eileen Appelbaum, isn't, they've, it's, Keith Bedford, Darren Tristano, John Gordon, Kim Lopdrup, Red Lobster's, He's, Jonathan Tibus, Gordon, Tristano, You've, Emily Stewart Organizations: Bloomberg, Restaurant Business, Olive Garden, LongHorn, Darden, Golden Gate, American Realty, Lobster, Center for Economic, Policy Research, Thai Union, Seafood Alliance, Thai, Fortress Investment Group, Reuters, Business Locations: chow, Lakeland , Florida, San Francisco, Thai, Thailand, Thai Union, Golden, San Diego
Fewer construction workers means less — and slower — residential construction, which in turn leads to higher home prices, according to a 2023 report from researchers at the University of Utah and the University of Wisconsin-Madison. Builders and infrastructure projects are in desperate need of all kinds of construction workers, but especially skilled tradespeople. Simonson said that allowing more immigrants into the country to fill construction jobs is crucial. Making the industry more appealing to womenBoushey pointed out that the share of women in the overall construction industry has climbed. The construction industry is also at a disadvantage because most workers can't do manual labor until they retire.
Persons: , Ken Simonson, Kit Dickinson, Dickinson, Ben Brubeck, Maja Rosenquist, Mortenson, we've, Simonson, Brubeck, Rosenquist, Joe Biden, Franklin D, Roosevelt, Heather Boushey, Biden, Boushey, she's Organizations: Service, Associated Builders and Contractors, Business, Associated, Contractors of America, University of Utah, University of Wisconsin - Madison, ADP, , Builders, Infrastructure Investment, Jobs, Economic Advisers Locations: president's, America
11x, a London-based AI startup that creates automated digital workers, has raised funding from US investing giant Benchmark Capital. The company aims to provide businesses with "digital AI workers" that can complete repetitive and mundane tasks to free up employees to focus on other things. The startup has raised a Series A round of funding, led by US fund Benchmark, four sources familiar with the discussions told Business Insider. Related stories11x's deal was led by Benchmark general partner Sarah Tavel, who will join the startup's board. The startup created a digital sales worker named Alice and plans to release several other digital workers in the future.
Persons: Hasan Sukkar, Sarah Tavel, Uber, Alice, Slack Organizations: Benchmark, Business, US, Bessemer Venture Partners, Twitter, Benchmark Capital, Google, Project A, Ventures, Tiny Ventures, LinkedIn Locations: London, Syrian, Europe, Syria
His creditors also do not trust that he is being honest about the assets he does disclose. For example, Mr. Giuliani lists among his assets an undisclosed number of shares in Uber, the ride-share service. Lawyers for the creditors say he provided them a more detailed account, but it was not filed publicly in the court, as missing details typically are. And as of April 26, Mr. Giuliani had not provided details for his Discover card charges in January. One of the two Georgia election workers he defamed, Shaye Moss, was selected by Mr. Giuliani’s creditors to serve on a three-person committee to represent their interests throughout the bankruptcy case.
Persons: Giuliani, , , ” Bruce, Shaye Moss, Noelle Dunphy, Mr, Lindsey Kurtz Organizations: Uber, New York Yankees, Pritzker, American Express, Dominion Voting Systems Locations: U.S, Georgia
AFP/Getty ImagesPalestinians in Gaza have been showing support for the US protesters for several days. Israel has claimed the protests are being manipulated by “outside agitators.”Palestinians in Deir el-Balah stage a rally to thank pro-Palestinian student protesters in the US on May 1. AfP/Getty ImagesIsrael’s UN Ambassador Gilad Erdan denounced the university demonstrations in a speech to the General Assembly in New York on Wednesday. Erdan lashed out at his UN colleagues, accusing the General Assembly of spreading anti-Israel rhetoric which he claimed had helped galvanize the protesters. Meanwhile, Shiraz university in Iran’s Fars province has offered scholarships to students from universities in the US and Europe who are expelled over the protests.
Persons: Deir, ” Dr, Saad Abu Sharban, Balah, Nadia Al, , Gilad Erdan, Erdan, Donald Trump, Artemis Moshtaghian, Richard Roth Organizations: CNN, Al Aqsa Martyrs, , Getty, Hamas, Palestinian, AfP, General, UN, Columbia University Locations: Gaza, Al Aqsa, Deir al, AFP, Israel, Deir el, New York, Palestinian, Shiraz, Fars, Europe
But he’s more than happy to show the missiles and drones Iran used in its first ever attack against Israel launched directly from Iranian soil. Iran’s attack on Israel included drones, ballistic missiles and cruise missiles. “NATO, The United States and Arab countries of the region wanted to create barriers for our drones, missiles and cruise missiles, but they failed,” Belali says. Israel Defense Forces (IDF) spokesperson Daniel Hagari said that ballistic missiles that reached Israel fell on the airbase and caused only light structural damage. Shahed attack drones on an unmarked truck at an Iranian Revolutionary Guards exhibit in Tehran, Iran on May 1, 2024.
Persons: Tehran CNN —, , General Ali Belali, ” Belali, Israel, Belali, Jordan, Fred Pleitgen, Daniel Hagari, John Krzyzaniak, Lockheed Martin Organizations: Tehran CNN, Revolutionary Guard, Islamic, Israel, CNN, Iranian Revolutionary Guards, Revolutionary Guard Aerospace Forces, NATO, Israel Defense Forces, Washington, Wisconsin, Control, ISIS, Lockheed, CIA, Guards Locations: Tehran, Islamic Republic, Israel, Iran, Damascus, Gaza, Iraq, France, United States, Washington ,, Syria, Kurdish, American, Afghanistan, Ukraine, Russia, Moscow
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