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My condolences go out to the families that lost a loved one during yesterday’s severe weather event,” Gonzalez said. Over 531,000 customers in Harris County remain without power early Saturday following the line of storms, according to PowerOutage.us. “Isolated to scattered severe thunderstorms appear possible across portions of the Southeast and Carolinas on Saturday, and parts of the Upper Midwest,” the center said. The greatest chances for severe weather are across parts of Nebraska and Kansas, with a slight level 2 of 5 risk of severe thunderstorms issued by the Storm Prediction Center. By the end of the weekend, thunderstorm chances will diminish for most of the Southeast and Mid-Atlantic, the weather service said.

Persons: Samuel Peña, Harris County Sheriff Ed Gonzalez, Gonzalez, ” Gonzalez, David J, Phillip, –, Houston Mayor John Whitmire, ” Whitmire, Logan Riely Organizations: CNN, Houston Fire, Harris County Sheriff, Authorities, CenterPoint Energy, National Weather Service, Houston Mayor, Carolinas, Storm Prediction Locations: Houston, Southeast, Gulf, Harris County, Cypress , Texas, City, Texas, Louisiana, Houston , Texas, Mexico, Carolinas, Midwest, Plains, Nebraska, Kansas

☆ Opinion: What I noticed immediately about King Charles’ portrait
▼ + stars: | 2024-05-18 | by ( Opinion Holly Thomas | ) edition.cnn.com time to read: +6 min

CNN —King Charles III’s first official portrait was unveiled this week, and I’m sure his majesty would agree it’s a stirring sight. Unfortunately for Yeo, Charles and the butterfly, nothing about the portrait has garnered nearly so much comment as its dominant color. Besides these ceremonial outings, Charles has recently been less prominent in British public life than ever, particularly following the announcement in February of his cancer diagnosis. Charles’ private wealth dwarfs that of any other member of his family. Join us on Twitter and FacebookIn the last 10 years alone, that system has reportedly made King Charles more than £60 million ($76 million) richer.

Persons: Holly Thomas, Katie Couric, CNN — King Charles III’s, I’m, Jonathan Yeo, Charles, Holly Thomas Holly Thomas Yeo, Charles ’, Yeo, ” Yeo, King, “, He’s, I’ve, ”, Queen Elizabeth II’s, Rishi Sunak’s, Tina Brown, Prince of Wales, Buckingham, Lancaster, King Charles, Queen Camilla, you’ve Organizations: Katie Couric Media, CNN, Royal, Guardian, Twitter, Facebook Locations: London, Iraq, Rwanda, Duchy, Cornwall, Lancaster

☆ He had strict instructions from the groom: ‘Stay away from the bridesmaid.’ Here’s what happened next
▼ + stars: | 2024-05-17 | by ( Francesca Street | ) edition.cnn.com time to read: +19 min

CNN —Ariff Hassan arrived at the wedding under strict instructions: “Stay away from the bridesmaid.”It was August 2018. “Listen,” said Ariff’s friend. But Ariff’s friend’s warning was ringing round his head. Because Liliya was – of course, inevitably – the bridesmaid Ariff had been warned to stay away from. Ariff Hassan and Liliya DauletaliyevaLiliya and Ariff Kazakhstan wedding celebration incorporated a number of Kazakh traditions.

Persons: CNN — Ariff Hassan, “, Ariff, They’d, “ I’d, ‘ I’ve, ”, Ariff’s, –, Liliya Dauletaliyeva, Lili, Liliya, ” Ariff, Ariff Hassan, She’d, she’d, fiancé, who’d, ” Liliya, He’d, “ I’m, ’, ’ ”, he’d “, ’ ” Ariff, ’ ” Liliya, – she’d, he’d, ‘, that’s, they’re, hadn’t, Ariff shrugged, – Ariff, he’s, you’ve, “ It’s Organizations: CNN, Kazakhstan –, Kuala Lumpur –, CNN Travel, Facebook, Liliya, Malaysian, University of Oxford, Oxford Locations: Singapore, Kazakhstan, Malaysia, Kuala Lumpur, Kazakhstan’s, Almaty, Uzbekistan, Turkmenistan, Liliya, Kazakh, Astana, Iceland, Cappadocia, Turkey, Bangkok, London, ’, Angkor Wat, Cambodia

☆ Elon Musk’s Neuralink is seeking a second person to test its brain chip
▼ + stars: | 2024-05-17 | by ( Clare Duffy | ) edition.cnn.com time to read: +4 min

New York CNN —Elon Musk’s brain implant startup Neuralink is accepting applications for a second human trial participant to test its device, the billionaire said on X Friday. Neuralink said that the threads connecting the chip to Arbaugh’s brain had retracted, causing performance issues, although the company said it made adjustments to improve its function. Still, Arbaugh says the implant — which allows him to control a computer cursor with his brain — has changed his life. This is the next step forward of helping people with paralysis.”Now, Neuralink is seeking more people like Arbaugh to test out its brain chip. About a month after the operation, Musk said Arbaugh could control a computer mouse with his brain.

Persons: New York CNN — Elon, Neuralink, Noland Arbaugh, Arbaugh, ” Arbaugh, “, ” Neuralink, Musk, ”, DJ Seo, Noland, – CNN’s Jordan Valinsky Organizations: New, New York CNN, Morning America, Morning Locations: New York, Morning America

☆ We will continue to hit record all-time highs into the summer: Sanctuary Wealth’s Mary Ann Bartels
▼ + stars: | 2024-05-17 | 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 EmailWe will continue to hit record all-time highs into the summer: Sanctuary Wealth’s Mary Ann BartelsMary Ann Bartels, Sanctuary Wealth chief investment strategist, joins ‘Squawk Box’ to discuss markets as Dow briefly topped 40,000 for the first time on Thursday, how investors should approach the market, and more.

Persons: Mary Ann Bartels Mary Ann Bartels Organizations: Sanctuary Wealth, Dow

☆ Mercedes-Benz workers in Alabama vote against unionizing in blow to big UAW push
▼ + stars: | 2024-05-17 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +7 min

Out of the valid votes counted, 56% of workers voted “no,” while 44% voted “yes” for unionization, according to Mercedes-Benz. Under relatively new UAW president Shawn Fain, the UAW had shifted its strategy for a membership push in non-unionized factories, many of which are located in the American South. David Johnston, right, a worker at Mercedes, thanks UAW President Shawn Fain following a press conference in Tuscaloosa, Alabama on May 17, 2024, after workers at two Alabama Mercedes-Benz factories voted overwhelmingly against joining the United Auto Workers union. Alabama is not Michigan, and we are not the Sweet Home to the UAW,” Ivey said in the statement. People react as the result of a vote comes in favour of the hourly factory workers at Volkswagen's assembly plant to join the United Auto Workers (UAW) union, at a watch party in Chattanooga, Tennessee, U.S., April 19, 2024.

Persons: Shawn Fain, Fain, ”, ” “, ” Fain, David Johnston, Kim Chandler, “, Kay Ivey, Vance, ” Ivey, Mercedes, Tesla, Seth, Wheaton, Mercedes plant’s, It’s, Mercedes Benz, ” Wheaton, “ It’s, Chris Isidore, Nathaniel Meyersohn Organizations: New, New York CNN, United Auto Workers, Mercedes, Benz, The National Labor Relations Board, UAW, Alabama, Big Three, Volkswagen, International, Team, Workers, Alabama Gov, Benz US International, Member, ” CNN, US, BMW, Honda, Hyundai, Mazda, Nissan, Subaru, Toyota, Volvo, Seth Herald, Reuters, Chattanooga, Volkswagen didn’t, Cornell University School of Industrial and Labor Relations ’, CNN, P Global Market Intelligence Locations: New York, Benz, Alabama, United States, Chattanooga , Tennessee, American, Tuscaloosa , Alabama, MBUSI, Alabama , Georgia , Mississippi, South Carolina , Tennessee, Texas, Michigan, U.S, Cornell University School of Industrial and Labor Relations ’ Buffalo

☆ A.I. Can Be Really Dumb. But It’s Still a Good Tutor. - The New York Times
▼ + stars: | 2024-05-17 | by ( Peter Coy | ) www.nytimes.com time to read: +1 min

I understand why parents are unhappy with the proliferation of computers in school, as my Opinion colleague Jessica Grose documented in a recent series of newsletters. For example, imagine teaching ratios by showing a Yankees fan how to update Aaron Judge’s batting average. can also give teachers and parents the detailed information they need to help their young charges more effectively. As I wrote last month, there’s a risk that A.I. will substitute for human labor and eventually render us all superfluous.

Persons: Jessica Grose, ”, “ we’ve, Aaron Judge’s

Su filindeu, or "threads of God," is the rarest pasta in the world. Today, there are fewer than 10 people there who know the secret to making the pasta as thin as a strand of hair. Secrecy nearly led to the dish’s disappearance, but now, the pasta is finding new customers abroad. We went to Italy to see how the process of making su filindeu is still standing. This story is available exclusively to Business Insider subscribers.

Persons: Su filindeu Organizations: Business Locations: Sardinian, Nuoro, Italy

☆ Justice Samuel Alito blames upside-down American flag on his wife and a flap with neighbors
▼ + stars: | 2024-05-17 | by ( John Fritze | Holmes Lybrand | ) edition.cnn.com time to read: +7 min

Alito said that a neighbor had posted a sign saying “F**k Trump” near a school bus stop and then a sign attacking his wife, Martha-Ann Alito. The upside-down flag was a symbol for former President Donald Trump’s supporters who falsely claimed widespread fraud in the presidential election. A spokeswoman for the Supreme Court has not respond to CNN’s requests for comment. “Flying an upside-down American flag — a symbol of the so-called ‘Stop the Steal’ movement — clearly creates the appearance of bias,” Durbin said in a statement. Renewed calls for ethics reformThe Supreme Court is weighing major cases this term tied to the 2020 election and the attack on the Capitol.

Persons: Samuel Alito, Alito, Martha, Ann Alito, Fox, Donald Trump’s, Tim Walz, “ I’m, Joe Biden’s, “, ”, “ It’s, Trump, Hank Johnson, Clarence Thomas, ” MAGA, Thomas, ” Johnson, ” Sen, Dick Durbin, ” Durbin, Sen, Tom Cotton, Carolina Sen, Lindsey Graham, Jack Smith’s, John Roberts, Sheldon Whitehouse, ” Whitehouse, Roe, Wade, Renee Knake Jefferson, ” Jefferson Organizations: CNN, Fox News, Trump, Democratic, Capitol, Minnesota Gov, New York Times, Times, Gadsden, Georgia Democrat, Committee, Illinois Democrat, Republicans, Arkansas Republican, Republican, Congress, Supreme, Rhode, Rhode Island Democrat, ”, University of Houston Law Center Locations: Minnesota, Alexandria , Virginia, Washington, DC, Georgia, House, Arkansas, ”, Carolina, Rhode Island

☆ Youngkin Vetoes Measures to Remove Tax Breaks for Confederate Heritage Group
▼ + stars: | 2024-05-17 | by ( Anna Venarchik | ) www.nytimes.com time to read: +1 min

Glenn Youngkin of Virginia vetoed on Friday two bills that would have revoked tax exemptions for the United Daughters of the Confederacy, a century-old organization that has often been at the center of debates over the state’s Confederate past and its racial history. In doing so, Mr. Youngkin sided with fellow Republicans in the legislature who almost unanimously opposed the bills and the efforts by the state’s Democrats to curtail the Commonwealth’s relationship with Confederate heritage organizations. The bills had nearly unanimous Democratic support in both chambers of the legislature. The organization’s property tax exemptions were added to the state code in the 1950s, during segregation and when the Commonwealth maintained a closer relationship with the group. The organization’s Virginia division is also exempt from paying recordation taxes, which are levied when property sales are registered for public record.

Persons: Glenn Youngkin, Youngkin Organizations: Confederacy, Confederate, Democratic, Commonwealth, organization’s Locations: Virginia, organization’s Virginia

☆ With Few Details About Assassination Attempt, Questions Swirl in Slovakia
▼ + stars: | 2024-05-17 | by ( Cassandra Vinograd | Katarina Urban Richterova | ) www.nytimes.com time to read: +1 min

Questions were swirling in Slovakia on Friday, as shock over the attempted assassination of Prime Minister Robert Fico began to give way to trepidation over what comes next for the deeply polarized country. The authorities have kept details about the attack, the assailant and even who is leading the country while the prime minister is hospitalized to a minimum. Officials say they will provide more information soon but that the situation is sensitive. They have called the shooting politically motivated, while urging the public and politicians to dial down political rhetoric and hatred as investigations play out. The police did not immediately respond to a request for comment.

Persons: Robert Fico Locations: Slovakia, Slovak, Levice

☆ The US did a complete 180 on same-sex marriage
▼ + stars: | 2024-05-17 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +8 min

The vast majority of Americans opposed same-sex marriage on May 17, 2004, when the first same-sex couples took their vows after a court decision in Massachusetts. Barack Obama notably opposed same-sex marriage when he ran for president as a Democrat in the 2008 election and, as public opinion was rapidly shifting, changed his tune in 2012 to support same-sex unions. Warnings were unfoundedThere is also evidence that warnings about same-sex marriage somehow endangering “traditional marriage” simply never materialized. A new study by researchers for the RAND Corporation to assess two decades of same-sex marriage in the US argues marriage rates actually increased among opposite-sex couples as same-sex couples were granted the ability to marry in certain states. A key difference between support for same-sex marriage and support for abortion rights, according to Lundry, is that support for abortion rights has remained positive for decades, in contrast to same-sex marriage, which saw a complete turnaround.

Persons: CNN —, Mitt Romney, George W, Bush, Hillary, Julie Goodridge, Charles Krupa, Sen, John Kerry, Hodges, Barack Obama, Obama, Romney, Anthony Kennedy, Ruth Bader Ginsburg, Brett Kavanaugh, Amy Coney Barrett, Clarence Thomas, Samuel Alito, weren’t, ” Romney, Obergefell, —, PRRI, Alex Lundry, Republican pollster, “, ” Lundry, Gen, Dick Cheney, Joe Biden Organizations: CNN, Republican, House, Boston City Hall, Massachusetts Democrat, Democrat, Supreme, Gallup, RAND Corporation Locations: Massachusetts, Utah, Oregon, Ohio, Without Ohio, America

☆ Opinion: Israel could defeat Hamas in Gaza more quickly if the US didn’t hold it back, this military expert says
▼ + stars: | 2024-05-17 | by ( Hilary Krieger | ) edition.cnn.com time to read: +20 min

CNN: Do you think that Israel can defeat Hamas without conducting a ground invasion in Rafah? The fact is that Rafah’s where the hostages and remaining Hamas military power and leadership are believed to be, their rockets and weapons production and other capabilities, everything. CNN: Couldn’t Israel’s offensive still have the effect of creating more militants who are going to join Hamas and fight against Israel? But it’s also a very winnable war for Hamas at this point because wars are not determined just by military capability. The problem is that the international community pushed Israel into this framework of going slower, going methodically, evacuating every area beforehand.

Persons: CNN —, John Spencer, Spencer, John Spencer Spencer, He’s, ” Spencer, JACK GUEZ, they’ve, we’re, there’s, Couldn’t, David Petraeus, Petraeus, who’s, it’s, You’ve, Dawoud Abo, Israel, I’ve, Israel doesn’t, that’s, — we’re, they’re, would’ve Organizations: CNN, Israel Defense Forces, Hamas, Modern, Institute, IDF, United Nations Relief, Works Agency for Palestine Refugees, Getty, Israel, Nazi, Spencer, Shiva, Dawoud Abo Alkas, ISIS, UN, Gaza, Twitter, Facebook Locations: Israel, Gaza, Iraq, West, Rafah, Spencer, Israeli, Hamas, Gaza City, AFP, Iran, Palestine, Northern Gaza, Afghanistan, United States, Egypt, Sinai, Anadolu, Qaida, Mosul, Panama, Tokyo

☆ The UK’s royal family as you’ve never seen them before
▼ + stars: | 2024-05-17 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +6 min

Alongside them are the Queen’s sister, Princess Margaret, plus Princess Alexandra and the Duchess of Kent, all holding their newborn babies. The Royal Family at Royal Lodge, 1943, conveying a reassuring sense of domesticity and calm during the war. Royal Collection TrustBeaton was the official photographer for Elizabeth’s coronation in 1953. Snowdon/Royal Collection TrustAnother highlight is the earliest surviving color print of a member of the royal family. Paolo Roversi/Royal Collection TrustGET OUR FREE ROYAL NEWSLETTER • Sign up to CNN’s Royal News, a weekly dispatch bringing you the inside track on the royal family, what they are up to in public and what’s happening behind palace walls.

Persons: Elizabeth II, Prince Edward, Princess Margaret, Princess Alexandra, Duchess, Kent, Princess Margaret’s, Antony Armstrong, Jones, Lord Snowdon, Princess Elizabeth, Cecil Beaton, “, ”, King George VI, Queen Elizabeth, Elizabeth, Margaret, Windsor . King George VI, comfortingly, Queen Elizabeth II, Prince Philip, Collection Trust Beaton, Martin Charteris, Beaton, Charles, Princess Anne, Anne, Pippin, Norman Parkinson, Snowdon, Madame Yevonde, Princess Alice , Duchess of Gloucester, Edward VIII, Andy Warhol’s, Andy Warhol, Todd, Ben Fitzpatrick, Paolo Roversi’s, Princess, Catherine, Alexandra , Princess of Wales, Franz Xaver Winterhalter, Wales, Cambridge, Paolo Roversi, Alessandro Nasini, Dorothy Wilding, Annie Leibovitz, David Bailey, Rankin Organizations: CNN, Royal, Royal Archives, Collection Trust, CNN’s Royal Locations: Royal, Windsor ., Buckingham, Wales

☆ Watch CNBC’s full interview with JPMorgan’s Jordan Jackson, CIC Wealth’s Malcolm Ethridge and Hightower’s Stephanie Link
▼ + stars: | 2024-05-17 | 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 JPMorgan’s Jordan Jackson, CIC Wealth’s Malcolm Ethridge and Hightower’s Stephanie LinkJPMorgan’s Jordan Jackson, CIC Wealth’s Malcolm Ethridge and Hightower’s Stephanie Link, join 'Closing Bell' to discuss markets, possibility of more upside and the earnings season.

Persons: JPMorgan’s Jordan Jackson, Malcolm Ethridge, Stephanie Link JPMorgan’s Jordan Jackson, Stephanie Link

☆ Fico assassination attempt exposes risks for politicians in a polarized Europe
▼ + stars: | 2024-05-16 | by ( Luke Mcgee | Ivana Kottasová | ) edition.cnn.com time to read: +8 min

CNN —The horrific scenes in Slovakia following the assassination attempt on Prime Minister Robert Fico are a stark and brutal reminder of the dangers facing those who seek public office. Security personnel apprehend a suspected gunman after Slovakia's Prime Minister was shot in Handlova, Slovakia on May 15, 2024. President Zuzana Caputova appoints Robert Fico the new Slovakian prime minister at the Presidential Palace in Bratislava, Slovakia, on 25 October 2023. In 2022, Giorgia Meloni became Italy’s prime minister after running on an anti-immigration, socially conservative ticket. Former Japanese Prime Minister Shinzo Abe was shot dead in July 2022 as he gave a campaign speech.

Persons: Robert Fico, Fico, Zuzana Čaputová, ”, George Soros, Čaputová, Fico’s, Zuzana Caputova, Jakub Gavlak, Giorgia Meloni, Covid lockdowns, Jo Cox, DANIEL LEAL, David Amess, Shinzo Abe, Fernando Villavicencio –, – Organizations: CNN, Slovakia's, Getty, Fico, Slovakian, Parliamentary, Parliament, Political, Hamas, British Labour, AFP, Conservative, ISIS, Japanese Locations: Slovakia, Russia, American, Europe, Ukraine, Gaza, Handlova, AFP, Bratislava, Netherlands, Israel, London, Britain

☆ North Darfur state, Sudan: At least 56 people dead as ‘deadly fighting escalates’
▼ + stars: | 2024-05-16 | by ( Louis Mian | Ingrid Formanek | ) edition.cnn.com time to read: +2 min

CNN —At least 56 people died in El Fasher, the capital of Sudan’s North Darfur state, between last Friday and Wednesday, as “deadly fighting escalates,” Doctors Without Borders (MSF) said in a statement. At the city’s South Hospital, 454 casualties have arrived since last Friday, of whom 56 “have succumbed to their injuries,” according to the humanitarian organization. MSF added that “the wounded and death toll are likely far higher, since the fighting continues to be so intense that many people cannot reach the hospital.”“North Darfur had been a relatively safe haven compared to other parts of Darfur,” MSF added. “Now, there are snipers in the streets, heavy shelling is taking place, and nowhere in the city is safe at all.”Violence in North Darfur has intensified, as the paramilitary group Rapid Support Forces (RSF) has been encircling El Fasher. “The RSF military operation to encircle and besiege El Fasher, North Darfur, has endangered the lives of hundreds of thousands of civilians,” a US Department of State spokesperson said.

Persons: “, Sudan Clementine, ”, RSF Organizations: CNN, Hospital, MSF, ” MSF, Rapid Support Forces, Yale School of Public, Sudanese Armed Forces, SAF, Yale, UN, United, US Department of State, UN Office, Humanitarian Affairs Locations: El Fasher, Sudan’s North Darfur, ”, Darfur, El, Sudan, United States, North Darfur

☆ 14-year-old died of heart attack after participating in a spicy tortilla chip challenge
▼ + stars: | 2024-05-16 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +2 min

New york CNN —The chief medical examiner’s office in Massachusetts has determined that a teenager who ate a tortilla chip containing a high concentration of a chemical compound found in chili peppers, died of a heart attack last September. Harris Wolobah, who had a congenital heart defect, was attempting Paqui’s ultra-spicy “One Chip Challenge” when he ingested the tortilla chip seasoned with both the Carolina Reaper pepper and the Naga Viper pepper. Paqui voluntarily pulled the product, which was packaged in a coffin-shaped box, off shelves following Wolobah’s death in September. The Carolina Reaper Pepper ranks just under pepper spray on the Scoville scale, which measures the pungency of peppers and chilis. The Naga Viper is a bit less pungent, coming in at around 1.2 million heat units on the scale.

Persons: Harris Wolobah, Paqui, Wolobah, Pepper, “, ”, —, Sara Smart, Richard Davis Organizations: CNN Locations: Massachusetts, Carolina

☆ What’s at stake in the union election at a Mercedes-Benz plant in Alabama
▼ + stars: | 2024-05-16 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +9 min

New York CNN —A high-stakes union election is underway at a Mercedes-Benz plant near Tuscaloosa, Alabama, the only plant for the luxury automaker in North America. The fallout will be significant whether the workers at Mercedes-Benz vote to join the United Auto Workers union or not. And last month, it won a union election at a Volkswagen plant in Chattanooga, Tennessee, its first victory in three attempts to organize the factory. Though a union win could generate momentum, it doesn’t mean a victory will mean other plants can overcome management opposition at other foreign-owned plants. Non-union automakers have already begun their response to the big union victories thus far.

Persons: Shawn Fain, Fain, ”, —, Tesla, Mercedes, Mercedes ’, “, MBUSI, Wheaton, Mercedes plant’s, It’s, Mercedes Benz, ” Wheaton, “ It’s, Harry Katz, ” Katz, Katz, ’ ” Katz, they’ve, CNN’s Chris Isidore, Nathaniel Meyersohn Organizations: New, New York CNN, Benz, Mercedes, United Auto Workers, UAW, Big Three, Volkswagen, Kia, Toyota, US, BMW, Honda, Hyundai, Mazda, Nissan, Subaru, Volvo, Team, The National Labor Relations Board, Benz US International, Member, Volkswagen didn’t, Cornell University School of Industrial and Labor Relations ’, CNN, “ Labor, Big, – GM, Ford, Cornell University School of Industrial and Labor Relations, P Global Market Intelligence, General Motors Locations: New York, Tuscaloosa , Alabama, North America, Chattanooga , Tennessee, United States, Vance , Alabama, Tuscaloosa, ”, Cornell University School of Industrial and Labor Relations ’ Buffalo, Alabama, Alabama , Georgia , Mississippi, South Carolina , Tennessee, Texas

☆ As bad as you may think the economy is now, it’s nowhere near the 1970s
▼ + stars: | 2024-05-16 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

New York CNN —When new gross domestic product figures last month showed US economic growth slowed from recent gangbuster levels, many people diagnosed the economy as having a really ugly sickness: stagflation. So March’s ugly inflation report, which showed an unexpected jump in the pace of price increases, and the lackluster GDP report, made the diagnosis seem like a no-brainer. Even JPMorgan Chase CEO Jamie Dimon said last month the US economy “looks more like the 1970s than we’ve seen before” and that stagflation is a growing risk. Economic slack, a term I unfortunately cannot take any credit for, broadly describes a situation where the economy isn’t performing as well as it could be. The most widely recognized symptom of economic slack is a rising unemployment rate.

Persons: Jamie Dimon, we’ve, Jerome Powell, ”, Powell, you’ve, it’s, Austan Goolsbee, Diane Swonk, wasn’t, stagflation, millennials Organizations: New, New York CNN, JPMorgan Chase, Fed, Chicago Fed, KPMG Locations: New York, stagflation

☆ Pope Francis says his conservative critics in the church have a ‘suicidal attitude’
▼ + stars: | 2024-05-16 | by ( Christopher Lamb | ) edition.cnn.com time to read: +2 min

CNN —Pope Francis has suggested that his conservative critics in the United States have a “suicidal attitude,” in an interview with CBS News. Asked about criticism from “conservative bishops” in the US who have opposed Francis’ more progressive papacy and efforts to reform the Catholic Church, the Pope paused on the word “conservative,” saying a conservative is “one who clings to something and does not want to see beyond that. It is a suicidal attitude.”There is an important difference between taking “tradition into account” and being “closed up inside a dogmatic box,” Francis emphasized. Francis has envisioned a merciful Catholic Church open to everyone, a “field hospital” ready to bind up the wounds of a suffering humanity. Those who oppose Francis say they want a pope instead who lays down the law and presents doctrine in black-and-white terms.

Persons: Pope Francis, ”, Francis ’, Pope, ” Francis, Francis, Cardinal Raymond Burke, Harrison Butker’s, Butker Organizations: CNN, CBS News, Catholic Church, Catholic, CBS, Kansas City Chiefs Locations: United States, Tyler , Texas

☆ Forget the Magnificent Seven. These AI plays are red hot
▼ + stars: | 2024-05-16 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

The S&P 500’s utility sector has gained 14% this year, making it the third-best-performing category behind information technology and communication services. Utility stocks tumbled more than 10% in 2023, underperforming the S&P 500’s 24% gain, as investors betting on the artificial intelligence boom crowded into the Magnificent Seven big tech stocks. To be sure, not everyone is jumping into utility stocks. Rising gasoline and shelter costs accounted for more than 70% of the monthly increase in overall inflation, according to the report. Including the ticket price, UK concertgoers will spend, on average, £848 ($1,068) each, which is more than 12 times the average cost of a night out in the UK, according to Barclays’ research.

Persons: ”, Adam Turnquist, Alicia Wallace, Wednesday’s, Read, Taylor Swift’s, Anna Cooban, Swift Organizations: CNN Business, Bell, New York CNN, Constellation Energy, NRG Energy, International Energy Agency, Federal Reserve, LPL, Nvidia, Micro, Bureau of Labor Statistics, CPI, Barclays, Barclays ’ Locations: New York, United Kingdom, United States, England, Wales, Scotland

☆ Menendez defense lawyer denies bribery scheme and says gold bars found at senator’s home belonged to his wife
▼ + stars: | 2024-05-15 | by ( Holmes Lybrand | Gregory Krieg | ) edition.cnn.com time to read: +7 min

Menendez is not running for reelection in next month’s Democratic primary but has said he would consider an independent bid should he be exonerated. “Evidence will show Nadine’s family had a lot of gold,” Weitzman said, asserting that she did not discuss money with the senator and kept financial problems she had from him. Weitzman also said the gold bars were found in Nadine’s locked closet, which the senator didn’t have access to. The potential jurors – an array of New Yorkers, including pastors, a standup comedian and amateur musicians – were pressed on whether they could be unbiased and fairly consider testimony from law enforcement officers or convicted criminals. One potential juror spoke about being a “news junkie” who couldn’t sit on the trial because “I’ve learned about the case significantly.

Persons: CNN — Sen, Bob Menendez’s, “, ” Menendez, Avi Weitzman, Nadine, Menendez, Wael Hana, Fred Daibes, Donald, Lara Pomerantz, “ Robert Menendez, ” Pomerantz, Nadine Menendez, Weitzman, ” “, ”, ” Weitzman, Menendez “, ” Nadine, didn’t, Hana, whittle, “ I’ve, Sidney Stein, they’ve, ” Stein, Bob Menendez, Stein, Robert F, Kennedy Jr, I’m Organizations: CNN, New, New Jersey Democrat, Jersey businessmen, Democratic, United, White House, Egypt’s Ministry of Foreign Affairs Locations: Manhattan, New Jersey, Egypt, Qatar, Jersey, Egyptian American, United States, Lebanon, Paris

☆ Watch CNBC’s full interview with Ritholtz’s Josh Brown, Big Tech’s Alex Kantrowitz and NewEdge’s Cameron Dawson
▼ + stars: | 2024-05-15 | 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 Ritholtz’s Josh Brown, Big Tech’s Alex Kantrowitz and NewEdge’s Cameron DawsonRitholtz’s Josh Brown, Big Tech’s Alex Kantrowitz and NewEdge’s Cameron Dawson, join 'Closing Bell' to discuss market trends, consumer spending and today's CPI report.

Persons: Ritholtz’s Josh Brown, Big, Alex Kantrowitz, NewEdge’s Cameron Dawson, Josh Brown Organizations: CPI

☆ The Old-Fashioned Library at the Heart of the A.I. Boom
▼ + stars: | 2024-05-15 | by ( Cade Metz | Christie Hemm Klok | ) www.nytimes.com time to read: 1 min

The two-story library has Oriental rugs, shaded lamps dotting its desks and rows of hardbacks lining its walls. It is the architectural centerpiece of the offices of OpenAI, the start-up whose online chatbot, ChatGPT, showed the world that machines can instantly generate their own poetry and prose. The building, which was once a mayonnaise factory, looks like a typical tech office, with its communal work spaces, well-stocked micro-kitchens and private nap rooms spread across three floors in San Francisco’s Mission District. But then there is that library, with the ambience of a Victorian Era reading room. Its shelves offer everything from Homer’s “The Iliad” to David Deutsch’s “The Beginning of Infinity,” a favorite of Sam Altman, OpenAI’s chief executive.

Persons: “, David Deutsch’s “, Sam Altman Organizations: Francisco’s Mission Locations: OpenAI, Francisco’s

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