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A rescue team works following the crash of a helicopter carrying Iranian President Ebrahim Raisi, in Varzaqan, East Azerbaijan Province, Iran, on May 20. West Asia News Agency/ReutersThe chief of staff for the late Iranian President Ebrahim Raisi has revealed new details about the hours after the presidential helicopter went missing. "However, the president's helicopter, which was flying between the two others, suddenly disappeared," Esmaili added, as cited by Mher news. The pilot circled around to search for the president's helicopter, he said. "Pilots of the two other helicopters had contacted Captain Mostafavi, who was in charge of the president's helicopter," he said.
Persons: Ebrahim Raisi, Gholam Hossein Esmaili, Esmaili, Raisi's, Esmail, Hossein Amir Abdollahian, Mostafavi, Mohammad Ali Alehashem, Alehashem Organizations: West Asia News Agency, Reuters, Iran's, Mehr, Mehr News, Iranian, Pilots Locations: Varzaqan, East Azerbaijan Province, Iran, Azerbaijan, Varzeghan —, Abdollahian
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Flowers told Business Insider that life has been tough: she was in difficult relationships and has struggled with eating disorders. "That's when I realized I had to turn things around and change, because I was destroying my body," she said. At the age of 58, she started exercising at home, following bodyweight programs on fitness DVDs. AdvertisementFlowers shared four things she's learned about getting fit at any age.
Persons: , Marlene Flowers, Flowers, Marlene Flowers Flowers, Rachel Hosie, Jamie Wright, Kristin Haraldsdottir, Daniel Lieberman Organizations: Service, Business, Harvard
Fed could cut rates after 1 or 2 months, analyst says
  + stars: | 2024-05-22 | 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 EmailFed could cut rates after 1 or 2 months, analyst saysAlexandre Tavazzi, head of the CIO office and macro research at Pictet Wealth Management, discusses the Federal Reserve's next interest rate move.
Persons: Alexandre Tavazzi Organizations: Pictet Wealth Management, Federal
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFederal Reserve officials seem to 'have no idea what's going on,' strategist saysJulian Howard, head of multi-asset solutions at GAM, discusses recent remarks from Federal Reserve officials and the outlook for U.S. inflation and monetary policy.
Persons: Julian Howard Organizations: Federal, Federal Reserve
Neighborhood names are also shorthand for your rent or mortgage payments. In 2017, real-estate brokers in the historically Black New York neighborhood of Harlem sparked backlash when they tried to rebrand its south end as SoHa. At their best, new neighborhood names bring people together over a shared sense of pride in their little corner of the world. Along the way, these neighborhood names have veered into parody territory. I'm not saying that neighborhood names should be set in stone — in fact, I think it's natural for them to evolve alongside their populations.
Persons: you've, MoRA, Nashville's, they're, Let's, Gill Holland, Holland, Nestor Davidson, David Fagundes, Grant McKenzie, McKenzie, Hakeem Jeffries, Jeffries, Davidson, They're, Bob Dylan's, Marshall, Lily, I'm, Willy, Dirtbag, Little Italy — Organizations: Market, McGill University, University of Maryland, Houston, Financial, Tribeca, McGill, Google, Democratic, New York State Assembly, New York Times, Apple, North Arts District, Congress, Little Locations: Denver, Charlotte , North Carolina, LoSo, Boston, Louisville , Kentucky, NuLu, Austin, America, New York City, Louisville, Holland, North Carolina, Greenwich, Louisville's, Phoenix, Holland's, York, New York, Manhattan, Side, Chelsea, Maryland, Harlem, SoCo, Soho, Dowisetrepla, Charlotte, East Williamsburg
I spend about $1,600 on cleaning services and childcare monthly and around $1,000 each quarter on a stylist. Paying for things like a housekeeper, childcare, and a stylist allows me to put more time into making more money. Cleaning the house would take hours for me, and doing laundry for four people can easily take four to five hours a week. That's when we started getting a nanny a few hours a week, twice a week. I also love the fact that I can go to my son's karate class three times a week with the extra help.
Persons: , Gabrielle Gambrell, I've, Gabrielle Organizations: Service, Amazon, NYU, Columbia, Columbia University, Business, Bowl Locations: New York City, Los Angeles, Westchester , New York
“The judge hates Donald Trump, just take a look, take a look at him, take a look at where he comes from. The intricate task that awaits jurorsIt’s impossible to know how jurors are interpreting the daily drama of the courtroom in any trial. Trump has denied the alleged affair with Daniels, and hush money payments are not illegal in themselves. When Cohen finally took the stand, he directly implicated Trump in the alleged scheme to buy Daniels’ silence. But he may have ended up creating a hole in the Trump defense, according to several legal experts.
Persons: there’ll, Donald Trump’s, He’s, Juan Merchan, Attorney Alvin Bragg, Donald Trump, Trump, It’s, he’s, , Stormy Daniels, Daniels, , Matthew Colangelo, they’ve, Michael Cohen, , Todd Blanche, Cohen, David Pecker, Pecker, Hope Hicks, Hicks, ” Hicks, , ” Trump, , ’ ” Cohen, Trump’s, he’d, beseeched, Cohen’s, ” Blanche, Merchan, — Robert Costello, Costello Organizations: CNN, Trump, Attorney, Democrat, Republican, GOP, New York, Prosecutors, American Media Inc, National Enquirer, White House Locations: New York, Manhattan, Lake Tahoe
European stocks are heading for a higher open Wednesday as regional markets continue to see-saw over the inflation outlook and trajectory of interest rates. Investors in the U.K. will be keeping a close eye on the latest U.K. inflation figures out Wednesday. Economists are forecasting a sharp fall in the April print, driven by lower household energy costs, that could take the headline rate close to, or even below, the Bank of England's 2% target.
Organizations: Bank of England's
Read previewA former model filed a lawsuit Tuesday, accusing embattled music mogul Sean "Diddy" Combs of sexually assaulting her in 2003. Crystal McKinney, according to a lawsuit obtained by Business Insider, met Combs at a 2003 Men's Fashion Week event in Manhattan when she was 22. According to the lawsuit, McKinney was introduced to Combs by a fashion designer who believed Combs could "advance her modeling career." AdvertisementAccording to the lawsuit, McKinney was invited back to Combs' recording studio and given what she believed to be laced marijuana. One woman said in her suit filed in December that Combs "sex trafficked and gang raped" her as a 17-year-old in 2003.
Persons: , Sean, Diddy, Combs, Crystal McKinney, McKinney, Comb's, Cassie Ventura, Ventura, Aaron Dyer, Dyer, Mr Organizations: Service, Business, New York's Southern, Court, NYC, Associated Press, CNN, Los Angeles Hotel, Department of Homeland Security Locations: Manhattan, New York's, Los, Los Angeles, Miami
She’s a business mogul in every sense: Aside from a prolific music career, she’s launched successful brands including her cosmetics empire Fenty Beauty – worth an estimated $2.8 billion according to Forbes – and her lingerie label Savage X Fenty. Her latest move in China to promote makeup products is something of a masterclass in how to tap into its lucrative – mostly online – Gen Z market. On Tuesday night, the chart-topping singer attended a Fenty Beauty pop-up held at a Shanghai photography museum, “servin’ face” according to brand’s Instagram, and “jianbing” – a popular Chinese breakfast crepe that costs about a dollar. In a screengrab from Instagram, Rihanna makes jianbing in Shanghai, China, during a visit to promote Fenty Beauty. While Fenty Beauty products have been available in the country since 2019, the brand announced this March that it would be expanding its presence via Sephora stores on the mainland.
Persons: CNN —, Rihanna, She’s, she’s, Forbes –, brand’s Instagram, , China’s TikTok, , Guo Pei, jianbing, RihannashowsupinShanghai, Gucci, Dior, Louis Vuitton Organizations: CNN, Vogue China, Academy of China Council, Promotion of International Trade Locations: China, Shanghai, Instagram, Weibo, Shandong, , China’s Shandong province, Jianbing, Douyin
Teeter: Health care is ripe for disruption and earnings growth
  + stars: | 2024-05-22 | 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 EmailTeeter: Health care is ripe for disruption and earnings growthRobert Teeter, Head of the Investment Policy and Strategy Group at Silvercrest Asset Management, discusses Nvidia, the rate cut timeline, and his top sector picks.
Persons: Robert Teeter Organizations: Investment, Silvercrest Asset Management, Nvidia
A youth walks past the entrance of the Reserve Bank of India head office in Mumbai on Nov. 17, 2021. The board of India's central bank approved a record surplus transfer of 2.11 trillion rupees ($25.35 billion) to the government for the fiscal year ended March, sharply above analysts' and government projections. The government had budgeted a dividend of 1.02 trillion rupees from the Reserve Bank of India, state-run banks and other financial institutions, interim budget estimates for the fiscal year 2024/25 show. The RBI board also decided to raise the contingency risk buffer (CRB) to 6.5% from 6% previously. Analysts had expected a surplus transfer in the range of 750 billion rupees to 1.2 trillion rupees, aided by strong foreign exchange earnings.
Persons: Garima Kapoor Organizations: Reserve Bank of India, Elara Locations: Mumbai, India's
But before they pack their bags, they may want to read Japan's "Life and Work Guidebook," which is aimed at helping foreigners fit in. But the chapter on "Daily Rules and Customs" is where foreigners will find specific guidance on "life rules" that illustrate Japan's emphasis on collectivism and respect. Not only party and music levels should be kept to a minimum, but also "voices" and "TV" levels, the guidebook states. A Japanese guidebook for foreigners advises against making noise by using washing machines early in the morning or late at night. "Be sure that your music is not too loud and cannot be overheard outside of the earphones," the guidebook states.
Persons: they're, Recep Organizations: Japan's Immigration Services Agency, Ministry of Foreign Affairs, Cyclists, Getty, Foreigners Locations: Japan, Tokyo, Daj
Ahead of their big day, Ambani and Merchant threw a lavish three-day pre-nuptial bash in March. "The three biggest moments, culturally, for India are Bollywood, cricket and weddings," Mehak Sagar, co-founder of WedMeGood, told CNBC Make It. The Indian wedding industry is estimated to have brought in about 4.74 trillion rupees (about $56 billion) during the 2023 wedding season, thus making it a "trillion-dollar enterprise," according to the 2024 Wedding Industry Report by WedMeGood, a wedding planner platform. "Given that it is the fourth largest industry in India — the Indian wedding industry touches maybe 16 to 20 [other] industries," Sagar said. Lavish Indian weddings are no stranger to Tina Tharwani.
Persons: Anant Ambani, Mukesh Ambani, Radhika Merchant, Ambani, Merchant, Bill Gates, Rihanna, Ivanka Trump, Mehak Sagar, WedMeGood, Sagar, Tina Tharwani, Nick Jonas, Priyanka Chopra, Anushka Sharma, Virat, Shaadi Organizations: Microsoft, CNBC, Shaadi Locations: India, Silicon Valley, Mumbai
What Do Students at Elite Colleges Really Want?
  + stars: | 2024-05-22 | by ( Francesca Mari | ) www.nytimes.com   time to read: +1 min
“Freshmen after spending 0.02 seconds on campus,” read the caption, posted in 2023 to the anonymous messaging app Sidechat. The campus in question was Harvard, where, at a wood-paneled dining hall last year, two juniors explained how to assess a fellow undergraduate’s earning potential. It’s easy, they said, as we ate mussels, beets and sautéed chard: You can tell by who’s getting a bulge bracket internship. One of the students paused, surprised that he was unfamiliar with the term: A bulge bracket bank, like Goldman Sachs, JPMorgan Chase or Citi. Not to be confused with M.B.B., which stands for three of the most prestigious management consulting firms: McKinsey, Bain and Boston Consulting Group.
Persons: , sautéed, who’s, ” Benny Goldman, Goldman Sachs Organizations: Harvard, JPMorgan Chase, Citi, The, McKinsey, Bain, Boston Consulting Group Locations: sautéed chard
China's recovery is still patchy, but things are looking up: UBS
  + stars: | 2024-05-21 | 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 EmailChina's recovery is still patchy, but things are looking up: UBSJames Wang, head of China strategy at UBS Investment Bank Research, says "from a ground-up perspective, things are looking a bit better."
Persons: UBS James Wang Organizations: UBS, UBS Investment Bank Research Locations: China
Liz McGuire was at a Blue Jays game in Toronto on Friday night, sitting on the third base line and talking with a friend, when a foul ball suddenly hurtled toward her at 110 miles per hour, striking her in the head and leaving a large lump above her right eye. McGuire, 40, didn’t get to keep the ball that hit her, but now, 110 personalized Topps baseball cards bearing a picture of her swollen forehead have been mailed to her. Bo Bichette, the Blue Jays shortstop, was up to bat during the late innings of Toronto’s game on Friday against the Tampa Bay Rays when he fouled off a pitch. The ball was fired over the protective netting in the lower bowl of Rogers Centre and behind the third base line, where McGuire was sitting with her friend. McGuire said she briefly turned her head away from the field to talk to her friend and didn’t see the ball barreling toward her.
Persons: Liz McGuire, McGuire, didn’t, Bo Bichette Organizations: Blue Jays, Topps, Tampa Bay Rays, Rogers Centre Locations: Toronto
Declining production a significant issue for Shell, says analyst
  + stars: | 2024-05-21 | 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 EmailDeclining production a significant issue for Shell, says analystAndrew Critchlow, head of EMEA news at S&P Global Platts, discusses Shell's AGM and explains why U.S. oil companies are trading at a premium.
Persons: Andrew Critchlow, P Global Platts Organizations: Shell, P Global
YouTube YouTube TikTok TikTok TikTok TikTok YouTube Visual Investigations How a Haitian Gang Is Trying to Turn Itself Into a Militia Dozens of 5 Segonn members dance in a music video. It’s typically carried by militaries and hasn’t been seen being used before by the 5 Segonn gang. It’s typically carried by militaries and hasn’t been seen being used before by the 5 Segonn gang. A group of 5 Segonn gang members dressed in tactical gear. TikTok TikTok TikTok TikTok YouTube YouTube YouTube TikTok TikTok On social media, Izo often posts videos of himself dancing and drinking.
Persons: hasn’t, Jovenel Moïse, Ariel Henry, Johnson André, TikTok, Izo, They’ve, Gustavo Petro, Moïse’s, Dimitri Hérard, Hérard, Izo’s Organizations: YouTube YouTube, Kenyan, The New York Times, Gang, PORT, PRINCE, Prince Bay Gang, Prince, Global, Transnational, Rights, Human Rights Defence Network, Human Rights, Integrated, YouTube, of, Los Angeles Crips, Toyota, Haitian National Police, Haitian Army, Times, Associated, The Justice Department, State Department, Facebook Locations: Belgian, Haiti, Port, Dominican Republic, Prince Bay HAITI, PRINCE HAITI, U.S, America, Dieu, Izo’s, United States, Colombia, Haitian, South, Central America, Brazil, Latin America, Europe, Izo, Western
Mauricio Pochettino has left his position as Chelsea head coach by mutual consent after less than 11 months in charge. AdvertisementIn a Chelsea statement, Winstanley and Stewart said of the decision: “On behalf of everyone at Chelsea, we would like to express our gratitude to Mauricio for his service this season. Pochettino’s coaching staff members Jesus Perez, Miguel d’Agostino, Toni Jimenez and Sebastiano Pochettino have also left the club. Chelsea spent over £400million ($507m) ahead of Pochettino’s debut season in charge in a summer of squad overhaul. Chelsea finished the 2023-24 Premier League season with 63 points; with their 19-point increase from last season more than any other club in the division.
Persons: Mauricio Pochettino, Paul Winstanley, Laurence Stewart, Winstanley, Stewart, Mauricio, ” Pochettino, Jesus Perez, Miguel d’Agostino, Toni Jimenez, Sebastiano Pochettino, Pochettino, Thomas Tuchel, Graham Potter, Frank Lampard, Tuchel, Germain, Darren Walsh, Liam Twomey, Todd Boehly, Behdad Eghbali, Jose Feliciano, Stewart –, Feliciano –, Ryan Pierse Organizations: Chelsea, Stamford, Sporting, Premier League and Europe, Bournemouth, Premier League, Stamford Bridge, Liverpool, Manchester City, Espanyol, Southampton, Tottenham Hotspur, Champions League, Spurs, Tottenham, Paris Saint, Ligue, de France, Trophee des Champions, PSG, Chelsea FC, Getty Locations: Argentine, Chelsea, Pochettino’s, London, Paris, Pochettino
New York CNN —Major business leaders and economists are worried about America’s growing debt problem. Last week, JPMorgan CEO Jamie Dimon expressed fear that a crisis is looming and that unchecked deficit spending could explode. The big picture: Between the Trump-era tax cuts and Covid-era stimulus programs, the national debt has exploded in recent years. Trump Media (DJT) reported a loss of $327.6 million during the first three months of the year, compared with a loss of $210,300 a year earlier. The company generated just $770,500 of revenue, marking the second-straight quarter where its revenue totaled less than $1 million.
Persons: Jamie Dimon, , ” Dimon, , Ray Dalio, Columbia Business School Glenn Hubbard, Joe Biden’s, Jason Thomas, Carlyle, ” Thomas, Hanna Ziady, Liz Truss, Treasuries, Hubbard, Thomas, it’s, Donald Trump, Matt Egan, Devin Nunes, Martin Gruenberg, Elisabeth Buchwald, ” Gruenberg, Sen, Sherrod Brown,  Gruenberg, He’s, Cleary Gottlieb Steen, Gruenberg’s, Gruenberg Organizations: CNN Business, Bell, New York CNN —, JPMorgan, Sky News, Financial, Columbia Business School, United, CNN, IMF, Congressional, Office, Peterson Foundation, Treasury, Trump Media, Trump Media & Technology Group, Truth Social, Company, Big Tech, ” Trump Media, Federal Deposit Insurance Corporation, Senate Banking Committee, FDIC, Hamilton Locations: New York, Bridgewater, United States, , United, United Kingdom
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVisible Alpha: Nvidia's incredible growth trajectory is sustainableMelissa Otto, Head of TMT Sector Research at Visible Alpha, discusses Nvidia earnings and Microsoft's new AI-powered laptop.
Persons: Melissa Otto Organizations: TMT
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSilverman: Options traders are positioned differently around AI stocks this quarterAmy Wu Silverman, Head of Derivatives Strategy at RBC Capital Markets, discusses Nvidia and the options market.
Persons: Silverman, Amy Wu Silverman Organizations: RBC Capital Markets, Nvidia
Samsung Electronics named a new head for its semiconductor business on Tuesday, as the firm strives to lead the AI chip race. The firm aims "to strengthen its competitiveness amid an uncertain global business environment," Samsung Electronics said, adding that Jun has extensive experience leading the company's memory and battery manufacturing divisions. Samsung is in intense competition with SK Hynix to produce the most advanced memory chips in the market to ride the AI wave. The memory chip market is currently dominated by Samsung, SK Hynix and Micron — the world's top three suppliers. SK Hynix has been leading on the high-bandwidth memory front, having been the sole supplier of HBM3 chips to Nvidia , which is at the forefront of AI chips.
Persons: Young Hyun, Kyehyun Kyung, Kazunori Ito Organizations: Samsung Electronics, Samsung Advanced Institute of Technology, Samsung, SK Hynix, Micron, Nvidia, Morningstar
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBest market conditions for primary issuance for at least two years: Deutsche BankHenrik Johnsson, co-head of the Investment Bank EMEA at Deutsche Bank, discusses market conditions and the "Goldilocks soft landing" scenario.
Persons: Deutsche Bank Henrik Johnsson Organizations: Deutsche Bank, Investment Bank EMEA
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