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☆ Why Americans' confidence in finding a new job is tanking even as the labor market is humming along
▼ + stars: | 2024-05-18 | by ( Jacob Zinkula | Madison Hoff | ) www.businessinsider.com time to read: +7 min

Why Americans might be getting worried about the job marketIn some ways, Americans' growing pessimism in the job market is perplexing. That's because the job market has become more challenging than it was a couple of years ago, when the Great Resignation was at its peak. So, it's possible that some Americans in certain industries are facing a job market where openings are far from abundant. For example, there's some evidence that the job market for high-wage roles has cooled over the past year. Julia Pollak, the chief economist at ZipRecruiter, told Business Insider earlier this month after April's labor market figures were released by the Bureau of Labor Statistics that it is "no longer a white-hot labor market" or a job "candidate's market in every industry where workers can get whatever they want."

Persons: —, they'd, hasn't, What's, Joanne Hsu, Julia Pollak Organizations: Service, York Fed's Survey, Consumer, Business, NY, of Labor Statistics, Bureau of Labor Statistics, New, Fed, LinkedIn, NY Fed, University of, Labor Locations: York

☆ Simone Biles begins road to Paris 2024 Olympics at Core Hydration Classic
▼ + stars: | 2024-05-18 | by ( Issy Ronald | ) edition.cnn.com time to read: +4 min

CNN —The 2024 Paris Olympics are creeping ever closer and for female US gymnasts, including global superstar Simone Biles, the Core Hydration Classic on Saturday represents the first step towards qualifying for the Summer Games. Gabby Douglas is attempting to qualify for the Paris Olympics after eight years away from competition. Alex Livesey/Getty ImagesNow, Biles begins the qualifying road to Paris at the Core Hydration Classic. ET on Saturday May 18, alongside other gymnasts who have competed at the Olympics or World Championships. Fans can watch the first senior session live on the USA Gymnastics YouTube channel, before the second session – featuring Biles, Douglas and Lee – begins on CNBC and Peacock.

Persons: Simone Biles, Gabby Douglas, Sunisa Lee –, –, Biles, Douglas, Lee, Vitaly Scherbo’s, Alex Livesey, Sunisa Lee, Andy Lyons, Jade Carey, Shilese Jones, Lee –, Peacock Organizations: CNN, Summer, Paris, Tokyo, Games, Olympics, Paris Olympics, Olympic, US, NBC News, Getty, Reuters, Pan American, Tokyo Olympic, USA, YouTube, CNBC, NBC Locations: Paris, Hartford , Connecticut, Tokyo, Biles, Douglas

☆ We asked ChatGPT to be a juror in Donald Trump's hush-money trial. It said it would find him guilty.
▼ + stars: | 2024-05-18 | by ( Madeline Berg | Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

Read previewIt will be a jury of 12 ordinary New Yorkers that will decide the fate of former President Donald Trump in his ongoing Manhattan hush-money trial. Using that document, we asked various AI chatbots whether they found Trump guilty. They were told to "choose now whether you would find him guilty or not guilty." AdvertisementBut OpenAI's ChatGPT and Perplexity weighed in — and both said they'd find Trump guilty. "I would vote guilty on the charges of falsifying business records," Perplexity responded definitively.

Persons: —, Donald Trump, Trump, Michael Cohen, Stormy Daniels, Perplexity, they'd, ChatGPT, Trump's, Cohen, David Pecker, Juan Merchan, chatbots Organizations: Service, Business, Prosecutors, New York, Trump, National Enquirer Locations: Manhattan, —, Trump

☆ How Toyota's Tacoma became king of the U.S. midsize truck market
▼ + stars: | 2024-05-18 | by ( Robert Ferris | In | ) www.cnbc.com time to read: +2 min

The American pickup truck market is dominated by domestic brands, primarily Ford , Chevrolet , GMC and Ram . But the Toyota Tacoma shows how a foreign automaker can find and control a niche within that market. Toyota introduced the Tacoma in 1995 as a successor to the Toyota Pickup, famously known as the Hilux elsewhere in the world. What's more, of the some seven models in the midsize segment, Tacoma is the only one that comes with a long bed. Watch the video to learn more about how the Tacoma has stayed atop the midsize truck segment, and how it is working to meet the challenge of an expanding market.

Persons: Edmunds Organizations: Ford, Chevrolet, GMC, Ram, Toyota Tacoma, GM, Toyota, Tacoma, Toyota Pickup, Ford Motor, Chevrolet Colorado, U.S . Locations: Ram . U.S, America, U.S, Chevrolet Colorado, Tacoma

☆ Flash floods due to unusually heavy seasonal rains kill at least 68 people in Afghanistan
▼ + stars: | 2024-05-18 | by ( ) www.cnbc.com time to read: +2 min

Remainings of houses damaged by the flood are pictured in Firozkoh the capital city of Ghor Province, Afghanistan, May 18, 2024. REUTERS/StringerFlash floods from heavy seasonal rains have killed at least 68 people in Afghanistan, Taliban officials said Saturday, adding the death toll was based on preliminary reports. Afghanistan has been witnessing unusually heavy seasonal rains. In the hard-hit western province of Ghor, 50 people were reported dead, said Abdul Wahid Hamas, spokesman for the provincial governor. The U.N. food agency posted on social media platform X, saying Ghor was the most affected by the floods where 2500 families were impacted.

Persons: Abdul Wahid Hamas, Feroz Koh, Esmatullah Moradi, Ghor Organizations: REUTERS, Stringer, WFP, World Food Organization Locations: Ghor Province, Afghanistan, Ghor, Farayab, Baghlan, Farah, Herat, Zabul, Kandahar

☆ Russia is finally getting serious about its war, and it spells trouble for Ukraine
▼ + stars: | 2024-05-18 | by ( Jake Epstein | ) www.businessinsider.com time to read: +12 min

Much of the war in Ukraine has gone poorly for Russia. But Russian President Vladimir Putin's war machine looks very different today than it did at the start of the conflict. The Russian military continued to suffer from other problems in the first year of fighting, racking up troop and equipment losses while failing to capture significant amounts of Ukrainian territory. AdvertisementThe following month, a top US official and general said, respectively, that the Russian military was "almost completely reconstituted" and had "grown back" to its pre-war strength. The employment of glide bombs to support ground maneuver is the primary example of how Russia's military is successfully learning from its past shortcomings, Barros said.

Persons: —, Vladimir Putin's, Putin, Vladimir Putin, Miguel Diaz, Canel, Maxim Shemetov, George Barros, Russia's, Stringer, They've, Chris Cavoli, Andrei Belousov —, Sergei Shoigu, Barros, It's, Andrei Belousov, VYACHESLAV PROKOFYEV, Oleksandra Novosel, Biden, Sergey Pivovarov, Mick Ryan, Jack Watling Organizations: Service, Business, Cuban, Institute for, Ukraine, REUTERS, Allied, US European Command, Sputnik, Security, Defense, Getty, JSC, UA, PBC, 42nd Separate Mechanized Brigade, Russian, Kharkiv, Royal United Services Institute Locations: Russia, Moscow, Ukraine, Ukraine —, —, Russian, Kharkiv, Kherson, Robotyne, Ukraine's Zaporizhzhia, Soviet, Shevchenkivskyi, Avdiivka, Washington, Russia's Rostov, Australian, Kyiv

☆ Here are the portfolio's top 5 performers in a record-setting week for stocks
▼ + stars: | 2024-05-18 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

We trimmed our positions shares in Morgan Stanley and Palo Alto Networks on Wednesday and Thursay, respectively, after nice moves higher for both stocks. Here's a closer look at what drove the moves in the portfolio's top five stocks this week. PANW YTD mountain Palo Alto Networks (PANW) year-to-date performance Palo Alto Networks came in No. Palo Alto has been a sizable outperformer since early April, which factored into our trim Thursday. DHR YTD mountain Danaher (DHR) year-to-date performance Danaher advanced 4.9% in the week to secure a second-place finish.

Persons: Morgan Stanley, Estee Lauder, Rainer Blair, OpenAI, Jim Cramer's, Jim Cramer, Jim, Brendan McDermid Organizations: Dow Jones, Nasdaq, Club, Palo Alto Networks, IBM, Palo Alto, Bank of America, Broadcom, Google, . Management, Wall Street, Apple, CNBC, Traders, New York Stock Exchange Locations: Thursay, China, Palo, Palo Alto, New York City, U.S

☆ Under Armour was a real threat to Nike. Now it’s fighting to stay relevant
▼ + stars: | 2024-05-18 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +10 min

It was the upstart athletic brand that was making real inroads against Nike, the dominant name in the industry. People saw it as a company that actually could break through and take market share from Nike among the hardcore athletes,” Swartz said. String of controversiesThe period from 2016 onward is when “things really started to fall apart” at Under Armour, Swartz said. A bulk of Under Armour products are sold through sporting goods retailers and department stores, including Macy’s and Kohl’s, and online. The basketball superstar Curry, arguably the best shooter in history, famously signed with Under Armour instead of Nike in 2013.

Persons: Armour, Stephen Curry, Jordan Spieth, Kevin Plank, Howard Schultz’s, Bob Iger’s, Plank, ”, David Swartz, Morningstar, ” Swartz, Justin Sullivan, Tommy Gilligan, ” Plank, Swartz, “, —, Stephanie Linnartz, ” Schwartz, Andrew Kelly, Merrell, Zak Stambor, Stambor, Plank’s, Noel Celis, Eric Smallwood, Dwayne Johnson, Johnson, ” Smallwood, Smallwood, Curry, Joel Embiid, Embiid, Skechers, Caitlin Clark Organizations: New, New York CNN, Nike, Starbucks, Disney, CNN, Sports, North, Maryland Terrapins, Southern Methodist Mustangs, Capital, Maryland, Reuters, —, Armour, Sports Authority, Sporting Goods, UCLA, US Securities and Exchange Commission, Footwear News, Adidas, NBA Golden State Warriors, UA Curry II, Getty, Apex Marketing, United Football League, NBA, WNBA Locations: New York, San Rafael , California, North America, College Park , Maryland, Manhattan , New York, Petaluma , California, Manila, AFP

☆ My coworker and I bonded over how much we hated our job. We were in relationships with other people but fell in love anyway.
▼ + stars: | 2024-05-18 | by ( Gary Nunn | ) www.businessinsider.com time to read: +4 min

We bonded over the fact that we both really, really hated our job. Our job was in the home loans team and we had the same manager. We hated it because we were expected to sell a product — home loans — to customers who couldn't necessarily afford it. Colleagues started making jokes that maybe something was going on between us. As we worked for a big bank, I at least knew Tim had cleared a police check, extensive background checks, and a credit check.

Persons: Liv Arnold, we'd, Tim, We've, they're Organizations: Service, Business Locations: Tinder

☆ Analysis: Why Republicans are likely to win the Senate this year
▼ + stars: | 2024-05-18 | by ( Harry Enten | ) edition.cnn.com time to read: +6 min

Senate Democrats (including independents who caucus with them) hold 23 seats up for election this year; Republicans hold 11. Positive signs for DemocratsBut is the race for the Senate really over if Republicans just win West Virginia? Democratic Senate candidates seem to be at least tied or ahead in Arizona, Michigan, Montana, Nevada, Ohio, Pennsylvania and Wisconsin. Of course, Democratic Senate candidates outrunning the top of the ticket is nothing new. For Democrats to have any chance of holding the Senate, Republicans would have to lose all these Senate races.

Persons: we’ve, Donald Trump, Trump, Democratic Sen, Joe Manchin, Simone Pathe, it’s, we’re, Joe Biden, Biden, Sens, Bob Casey of Pennsylvania, Tammy Baldwin, Kari Lake, Lake, Nevada’s, Missouri’s Todd Akin, Mehmet Oz, Mark Kelly, Larry Hogan, I’m, ” Organizations: CNN, White, Senate, Republicans, Democratic, Republican, Republican Senate, Democrats, Florida, GOP, West Virginia, New York Times, Siena College, Biden Locations: nonjudicial, West Virginia, Texas, West, Arizona , Michigan, Montana , Nevada , Ohio, Pennsylvania, Wisconsin, Arizona, Nevada , Pennsylvania, Senate, Maine, Arizona , Nevada , Montana and Ohio, Montana, Ohio, Michigan , Pennsylvania, Maryland –

☆ These stocks, including Nvidia, are still cheap and compelling, Bank of America says
▼ + stars: | 2024-05-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

The other buy-rated stocks are Raymond James Financial , S & P Global , Monster Beverage and Topgolf Callaway Brands. The analyst said he's bullish on each of Raymond James' individual businesses including asset management, capital markets and brokerage services. Further, Raymond James offers a steady stream of organic growth and a "cheap valuation," McLaughlin said. Raymond James is also in a place to take advantage of the current high rate environment, he added. Raymond James Financial "Reiterate Buy; cheap valuation + overlooked qualities.

Persons: Raymond James Financial, Raymond James, Mark McLaughlin, he's, RJF, McLaughlin, Peter Galbo, Galbo, MNST, Topgolf, Alexander Perry, Topgolf Callaway, Perry, … MODG Organizations: of America, Nvidia, CNBC, Bank of, P, Monster Beverage, Topgolf Callaway Brands, Raymond James Financial, Beverage, …, IHS Locations: comps, Topgolf

☆ 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

☆ Why some investors are bullish on this asset class that's yielding over 6%
▼ + stars: | 2024-05-17 | by ( Michelle Fox | ) www.cnbc.com time to read: +7 min

Right now, securitized products in general look relatively cheap, said John Kerschner, head of U.S. securitized products and portfolio manager at Janus Henderson Investors. To meet this need, Janus launched its Securitized Income ETF (JSI) in November, which invests across the securitized space. JSI YTD mountain Janus Henderson Securitized Income ETF Collateralized loan obligations Another fund Kerschner manages is the Janus Henderson AAA CLO ETF . One way investors can get broad exposure to CMBS via BlackRock's iShares CMBS ETF . CMBS YTD mountain iShares CMBS ETF year to date However, Janus' Kerschner pointed out that all office work isn't going away.

Persons: Nick Travaglino, Nuveen, Travaglino, John Kerschner, Janus Henderson, Janus, Kerschner, Rick Rieder, I've, Rieder, CLOs, it's, isn't, Fannie Mae, Freddie Mac, Kershner, We're Organizations: Investors, Fund, Janus Henderson Investors, SEC, Janus Henderson AAA CLO, Bank of America, AAA CLOs, BlackRock AAA CLO Locations: CLOs, BlackRock, Moody's, CMBS, multifamily

☆ Trump's hush-money trial is almost over. Deliberations could begin Thursday — especially if Trump doesn't testify.
▼ + stars: | 2024-05-17 | by ( Laura Italiano | ) www.businessinsider.com time to read: +8 min

Read previewAfter one week of jury selection and four weeks of prosecution testimony, Donald Trump's New York hush-money trial is now in its home stretch. Then, the defense case will begin. "I'm doing everything possible to avoid big breaks between summations, jury charge, jury instructions, and deliberations," Merchan told the parties Thursday. AP/Christine CornellThursday: Deliberations could beginAgain, if the scheduling stars align, deliberations could begin Thursday, the last trial day before the four-day holiday. AdvertisementBefore deliberations can begin, jurors need to hear the entirety of the defense case — with or without Trump.

Persons: —, Donald Trump's, Juan Merchan, Trump, Michael Cohen, Donald Trump, Julia Nikhinson, Cohen, Trump's, Todd Blanche, Susan Hoffinger, Blanche, — Bradley, Smith, Juan Merchan Jane Rosenberg, Christopher Conroy, Merchan's, Conroy, Merchan, Will Trump, Matt Gaetz, Mike Segar, Judge Cannon, Aileen Cannon, Christine Cornell Organizations: Service, Business, AP, Commission, Prosecutors, Reuters, Federal Election, Trump Locations: York, Florida, summations

☆ 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

☆ Women are worried about their financial security. That may affect the 2024 presidential election
▼ + stars: | 2024-05-17 | by ( Lorie Konish | ) www.cnbc.com time to read: +2 min

Hannah Beier | ReutersOlder women are the largest bloc of swing voters — and the biggest concern they have heading into the November election is their financial security, according to the AARP. Gender pay gap leads to retirement income gapNotably, younger women share many of those same retirement concerns, according to recent research from the National Institute on Retirement Security, or NIRS. Women tend to have greater financial concerns about retirement compared with men, according to Tyler Bond, research director at NIRS. "There's still a persistent gender pay gap, which translates into a retirement income gap," Bond said. "In fact, the pay gap and the retirement income gap are almost exactly the same, which is what you would expect, because retirement income is basically a reflection of what you earn while working," he said.

Persons: Hannah Beier, —, Margie Omero, GBAO, Omero, Tyler Bond, Bond, We've Organizations: Rockledge, Reuters, AARP, Democratic, National Institute on Retirement Security Locations: Pennsylvania, Rockledge , Pennsylvania

☆ Stephen Mandel’s Lone Pine Capital reveals new stakes in AI-related power producers
▼ + stars: | 2024-05-17 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Lone Pine Capital made new bets on some high-performing power producers and one big streaming company in the first quarter, a new Securities and Exchange Commission filing shows. Lone Pine, founded by Stephen Mandel in 1997, added a $446.7 million position in Vistra Corp. and a $161.9 million stake in Constellation Energy in the first quarter. Lone Pine also added new positions in drug and medical supplies distributor McKesson and mobile tech company AppLovin , worth about $368 million and $300 million, respectively. The new additions came as Lone Pine significantly cut its holdings in three big tech companies: Meta Platforms, Taiwan Semiconductor and Amazon . Microsoft is Lone Pine's third-largest position, trailing Taiwan Semiconductor, which Lone Pine reduced by 11%.

Persons: Lone Pine, Stephen Mandel, Mandel, Mark Zuckerberg, Philip Morris, Julian Robertson Organizations: Lone Pine Capital, Securities and Exchange Commission, Vistra Corp, Constellation Energy, Constellation, Taiwan Semiconductor, Microsoft, Meta, Philip Morris International, UnitedHealth Group, GE Aerospace, GE, Cubs Locations: Lone, Vistra, U.S, Greenwich , Connecticut, Meta

☆ The Ukraine war exposed serious flaws in some of the most sophisticated US weapons systems
▼ + stars: | 2024-05-17 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

Analysts say the US is gaining invaluable insights into the flaws of some of its most important weapons and military production systems. AdvertisementA shortage in weaponsThe Ukraine war has exposed problems not just with the quality of weapons, but with the US' capacity to produce them in the quantity Ukraine needs. "The biggest problem that the Ukraine war has exposed with American weapons is that the Pentagon simply does not buy enough munitions for a large-scale protracted conflict," said Pettyjohn. AdvertisementShe added that the recent Ukraine aid bill, which also contains billions for US weapons production, doesn't fix the problem. But though the war has posed serious conundrums for Pentagon chiefs, it's also shown that many of its weapons systems remain much better than those of its opponents.

Persons: —, Scott Peterson, Pettyjohn, it's Organizations: Service, Business, Getty, Center, New, New American Security, Ukrainian, Russia, Pentagon Locations: Russian, Ukraine, Ukrainian, New American, Afghanistan, Russia, United States

☆ More and more stocks are joining the market's rally to new highs. Here's why and when to buy
▼ + stars: | 2024-05-17 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

The S & P 500 on Wednesday closed above 5,300 for the first time ever. The last time the S & P 500 Short Range Oscillator was this overbought was back in December. The upswing picked up after the S & P 500's most recent bottom on April 19 and pushed to this week's records. .SPX 1Y mountain S & P 500 - 1 year There is no telling whether the current overbought market will follow a similar pattern. Perhaps more telling, four of the bottom six sectors saw earnings estimates revised higher since the end of the first quarter.

Persons: Dow, Morgan Stanley, Stocks, it's, Rather, Jim Cramer's, Jim Cramer, Jim, Victor J Organizations: Federal Reserve, Palo Alto Networks, CNBC, Visitors, New York Stock Exchange, Blue, Bloomberg, Getty

☆ 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

☆ With Haiti cut off from the world, supplies are dwindling and its crisis is getting worse
▼ + stars: | 2024-05-17 | by ( ) edition.cnn.com time to read: +2 min

The hospital staff, like many in Haiti right now, are doing the best they can with what little they have. "We have had no significant medical supplies delivered in weeks." Food has also been tough to come by, although the World Food Programme has been trying to fill in the gaps. But its supplies are dwindling, too, and there have been shortfalls in donor funding for the UN's Humanitarian Response Plan. Clarke was able to return to the capital of Port-au-Prince earlier this month via a World Food Programme helicopter.

Persons: Giles Clarke, Petit, Frere Arabella, Jacob Burns, Médecins, Clarke, —, Ariel Henry Organizations: Justinien University, Food Programme, Contractors Locations: Cap, Haïtien, Haiti, Caribbean, Port, Kenya

☆ Historic Starliner crewed launch attempt delayed again as teams continue to assess helium leak
▼ + stars: | 2024-05-17 | by ( Deblina Chakraborty | Madeline Holcombe | ) edition.cnn.com time to read: +5 min

CNN —The target date for the highly anticipated inaugural crewed mission of Boeing’s Starliner spacecraft has moved yet again. The update comes just days after Starliner teams reported a small helium leak in the service module of the spacecraft. Boeing designed the Starliner to rival SpaceX’s prolific Crew Dragon capsule and expand US options for ferrying astronauts to the space station. Meanwhile, Boeing’s rival under NASA’s commercial crew program — SpaceX — has become the go-to transportation provider for the space agency’s astronauts. Williams and Wilmore were already in their seats aboard the Starliner capsule May 6 when engineers found an issue and halted the launch.

Persons: Starliner’s, Suni Williams, Butch Wilmore, Williams, Wilmore, NASA’s, Bill Nelson, —, ”, SpaceX —, CNN’s Jackie Wattles, Ashley Strickland Organizations: CNN, NASA, Boeing, Atlas V, NASA’s Kennedy Space Center, International Space, Mercury, Gemini, Apollo, SpaceX, United Launch Alliance, V Locations: Houston, Florida, United States

☆ Housing market: China unveils sweeping measures to rescue its crisis-hit property sector
▼ + stars: | 2024-05-17 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —China has unveiled wide-ranging measures to rescue its property sector, including asking local governments across the country to buy unsold homes from beleagured developers and easing rules on purchases. In a coordinated move, the People’s China of China (PBOC) announced that it will set up a nationwide program to provide 300 billion yuan ($41.5 billion) in loans to fund state purchases of unsold homes. The 300 billion yuan provided by the central bank could eventually underpin 500 billion yuan ($69 billion) worth of credit to support such purchases, she estimated. Expectations that Beijing was preparing a plan to have local governments across the country buy millions of unsold homes have successfully buoyed China stocks. On Friday, He also urged local governments to buy back or directly purchase land that has been sold to developers but not yet used.

Persons: Lifeng, Tao Ling, Larry Hu, ”, Société Générale Organizations: Hong Kong CNN, Communist, China Real Estate Business, Macquarie Group, Reuters, provident Locations: China, Hong Kong, Beijing

☆ 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

☆ GameStop shares fall 20% after it files to sell additional stock, says first quarter sales dropped
▼ + stars: | 2024-05-17 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

GameStop shares tumbled more than 20% premarket Friday after the video game retailer said it plans to sell additional shares and reported preliminary results that showed a drop in first-quarter sales. In a new regulatory filing, the video game retailer said it will sell up to 45 million class A common shares in an at-the-market offering. The sale comes after GameStop shares surged earlier this week in a brief revival of the meme stock trade. Meanwhile, in a separate statement, GameStop said it now expects net first-quarter sales in the range of $872 million to $892 million, down from around $1.24 billion in the same quarter last year. GameStop's first-quarter net loss is expected to be between $27 million and $37 million, narrower than a net loss of $50.5 million in the year-earlier period.

Persons: FactSet, GameStop's, Keith Gill Organizations: GameStop

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