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☆ Live updates: Singapore Airlines turbulence incident
▼ + stars: | 2024-05-21 | by ( Lauren Said-Moorhouse | ) edition.cnn.com time to read: +1 min

At least seven people are critically injured after a Singapore Airlines flight traveling from London to Singapore experienced severe turbulence and was forced to make an emergency landing in Thailand, according to Kittipong Kittikachorn, the general manager of Bangkok's Suvarnabhumi International Airport. Earlier, the airport official confirmed a 73-year-old British man had died. Kittikachorn also told CNN on Tuesday that he was informed about the emergency landing in Bangkok just ten minutes before it touched down. Previously, the airport official said the majority of injuries sustained on board were cuts and bruises. “It took us one and a half hours to evacuate all passengers,” Kittikachorn stated.

Persons: Kittipong Kittikachorn, Bangkok's, Kittikachorn, ” Kittikachorn Organizations: Singapore Airlines, Authorities, CNN Locations: London, Singapore, Thailand, Bangkok

☆ Japanese town overrun with tourists puts up view-blocking barrier near Mount Fuji
▼ + stars: | 2024-05-21 | by ( Lilit Marcus | ) edition.cnn.com time to read: +4 min

CNN —The Japanese town of Fujikawaguchiko has erected a giant black net to block views of Mount Fuji, a reaction to the town’s huge popularity on Instagram and other social media platforms. The small town in Yamanashi prefecture has become the center of an international controversy in recent weeks. Japan’s overtourism problemsThis photo was taken on May 20 in front of Mount Fuji in Fujikawaguchiko -- a day before the black net went up. In this case, it’s not a specific attraction bringing hordes of visitors – it’s a viewpoint where people like to take pictures of Mount Fuji. There have been many accidents involving foreign tourists recently,” Haruhito Tsuchiya, a 49-year-old local who works in the tourism industry, told Reuters.

Persons: ”, Fujikawaguchiko, Kazuhiro Nogi, it’s, “ I’ve, ” Haruhito Tsuchiya, Lawson, Lawson’s Organizations: CNN, Mount, Fuji, Dental Clinic, Clinic, Mount Fuji, Getty, Tokyo –, Reuters, Lawson’s Locations: Fujikawaguchiko, Yamanashi prefecture, Mount Fuji, AFP, Japan, Paris, Hawaii, Tokyo, –, Fuji

☆ Live updates: Israel-Hamas war in Gaza, ICC seeks warrants for Netanyahu and Hamas leaders
▼ + stars: | 2024-05-21 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +1 min

An exterior view of the International Criminal Court in The Hague, Netherlands, on December 6, 2022. Peter Dejong/AP/FileUS President Joe Biden slammed the International Criminal Court's efforts to seek arrest warrants on charges of war crimes for Israeli Prime Minister Benjamin Netanyahu, his defense minister and three Hamas leaders. “It's clear Israel wants to do all it can to ensure civilian protection. Let me be clear, what’s happening is not genocide,” Biden said. France broke from its Western allies — including the US, UK and Italy — to express support for the ICC.

Persons: Peter Dejong, Joe Biden, Benjamin Netanyahu, “, ” Biden, Karim Khan, Italy — Organizations: Criminal, US, Republican, ICC Locations: The Hague, Netherlands, Israel, France, Italy

☆ A passenger has died after severe turbulence on a flight from London to Singapore
▼ + stars: | 2024-05-21 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

A passenger flying from London to Singapore has died after severe turbulence on board. The incident took place on Singapore Airlines flight SQ321, which left the UK Monday night. AdvertisementA Singapore Airlines passenger has died after a flight encountered severe turbulence, the carrier announced Tuesday. Flight SQ321 from London Heathrow to Singapore took off on Monday night local time, but the Boeing 777 diverted to Bangkok 11 hours into the journey, per Flightradar24. "Singapore Airlines offers its deepest condolences to the family of the deceased."

Persons: — Organizations: Singapore Airlines, Service, Boeing, Business Locations: London, Singapore, London Heathrow, Bangkok

☆ How teens view social media’s impact on their mental health
▼ + stars: | 2024-05-21 | by ( Kristen Rogers | ) edition.cnn.com time to read: +7 min

In conversations about these phenomena, social media has consistently been at the center, though mental health issues can have multiple contributing factors. Those with depression were more susceptible to social comparison and pressure to show their best selves on social media. Many young people reported an inability to control their use, social media distracting from other activities and unconsciously reaching for social media when bored. Ask the teens in your life what they like about these platforms and what types of connections or activities support their mental health, Lenhart said. Let them know you’re there to help figure out a solution if social media is upsetting them or interfering with other responsibilities.

Persons: ”, Amy Green, “, Amanda Lenhart, Mitch Prinstein, Prinstein wasn’t, ” Lenhart, Douglas Gentile, ” Gentile, wasn’t, ” Prinstein, Lenhart, Prinstein, “ Young Organizations: Lifeline, CNN, Sense Media, Opinion Research, University of Chicago, Sense, American Psychological Association, Social, Black, Iowa State University Locations: Hopelab

☆ U.S. tariff hikes on China EVs will benefit these global stocks, Bernstein says
▼ + stars: | 2024-05-21 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

On top of that, the Inflation Reduction Act (IRA) subsidies to reshore the battery supply chain to the U.S. are also "having the desired impact," it added. It named companies such as LG Energy Solution and Samsung SDI which have more than 65% of U.S. battery manufacturing capacity. LG Energy Solution has the additional benefit of being the most exposed to growth and IRA benefits, they added. But Bernstein said it prefers Samsung SDI to LG Energy Solution for now, as the former offers "growth at a reasonable price." Bernstein gave Samsung SDI and LG Chem an outperform rating and LG Energy Solution a market perform rating.

Persons: Bernstein, Freyr, — CNBC's Michael Bloom Organizations: U.S, LG Energy, Samsung SDI, LG Chem, Umicore, Basf, LG, Panasonic, Tesla, SolidEnergy Systems Locations: U.S, North America, decouple, China, South Korea, Europe

☆ Trump’s Lawyers Are Expected to Rest Their Case on Tuesday
▼ + stars: | 2024-05-21 | by ( Matthew Haag | ) www.nytimes.com time to read: +1 min

On Monday, prosecutors rested their case after their 20th and final witness, Michael D. Cohen, stepped down from the stand after a week of testimony in a Manhattan courtroom. That’s an indication that it is unlikely Mr. Trump will testify. The judge, Juan M. Merchan, said that closing arguments would come next, after the long Memorial Day weekend. Mr. Trump’s trial entered its sixth week on Monday, with signs throughout the day that the patience of some in the courtroom, including the judge, had worn thin. Near the end of the day, Justice Merchan sharply scolded Mr. Costello over his behavior on the stand.

Persons: Donald J, Trump, Michael D, Cohen, Robert J . Costello, Juan M, Merchan, Trump’s, Mr, Costello Locations: Manhattan

☆ Passenger Dies After Severe Turbulence on Flight From London to Singapore
▼ + stars: | 2024-05-21 | by ( Claire Moses | More About Claire Moses | ) www.nytimes.com time to read: 1 min

At least one person died and multiple others were injured after a plane encountered severe turbulence on a flight between London and Singapore, Singapore Airlines said on Tuesday. The plane, a Boeing 777-300ER, diverted to Bangkok, the airline said in an announcement on social media, and landed at 3:45 p.m. local time on Tuesday. The flight, which had 211 passengers and 18 crew members on board, had left Heathrow Airport on Monday. This is a developing story.

Organizations: Singapore Airlines, Boeing, Heathrow Airport Locations: London, Singapore, Bangkok

☆ Options traders increased bets on GameStop weeks before its price spiked, setting up for gains near 1,000%. Here's the strategy behind it and the probability of it happening again.
▼ + stars: | 2024-05-21 | by ( Laila Maidan | ) www.businessinsider.com time to read: +3 min

Those strike prices were substantially higher than the stock's price, which was trading between $10 to $16.50 that week. But what Sosnick found interesting was that the open interest went up faster for the $30 strike calls, signaling an expectation that the price would really rally this time. The table below shows the rise in open interest on strike calls of 20, 25, and 30 set to expire by May 17 and the price of the contracts. AdvertisementTom Sosnoff, the cofounder of Thinkorswim and Tastytrade, says there's probably a reasonable explanation behind the rise of open interest in GME. As for the rise of open interest on the 30-strike price, he attributes it to the cheapness of those contracts relative to the other strikes rather than a function of price prediction.

Persons: Keith Gill's, Roaring, Gill, Steve Sosnick, Sosnick, GME, Tom Sosnoff, there's, you'd, Sosnoff Organizations: GameStop, Social, Interactive, Traders Locations: GME

☆ Some central banks have sold gold at record prices, cashing in on the global boom
▼ + stars: | 2024-05-21 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Read previewCentral banks around the world have been snapping up gold, sending prices of the metal to record highs. The country's gold stash accounted for nearly three-quarters of its reserves as of March this year, according to WGC data. In 2022, Uzbekistan produced 110.8 tons of gold, making it the 10th top gold producer in the world, per WGC. Uzbekistan gold mining in March 2024. The country legalized private gold digging in 2019, and any gold found must be traded via its central bank.

Persons: —, it's, VYACHESLAV OSELEDKO, Shavkat Mirziyoyev Organizations: Service, Business, World Gold, Central Bank of, Uzbek, AFP Locations: China, Saudi, Central Bank of Uzbekistan, Thailand, Kazakhstan, Uzbekistan, Kazakh

☆ Taichung, Taiwan: Passengers subdue Taiwan metro knife assailant on tenth anniversary of deadly attack
▼ + stars: | 2024-05-21 | by ( Jessie Yeung | Xiaofei Xu | ) edition.cnn.com time to read: +2 min

The attack came on the tenth anniversary of a deadly knife rampage on Taipei’s metro that shocked an island with a reputation for being generally safe, and led to the eventual execution of the man who carried out the attack. Three passengers were injured in the incident on Tuesday in Taichung and were taken to hospital, city’s mayor Lu Shiow-yen told reporters. “As we were pinning him down, another man pried (the attacker’s) fingers and took away the knife,” a female witness told journalists at the scene. “I saw him (the attacker) holding a cooking knife and later saw a fruit knife on the floor,” he said. The incident also happened on the ten-year anniversary of a similar stabbing attack in the Taipei metro which killed four people and injured over twenty.

Persons: Lu Shiow, “, …, ” Organizations: CNN Locations: Taichung, Kaohsiung, Taipei

☆ Nickelodeon star Danny Tamberelli on how his growing up both on set and off has shaped his parenting
▼ + stars: | 2024-05-21 | by ( Kelly Burch | ) www.businessinsider.com time to read: +6 min

Read previewRecently Danny Tamberelli was dropping his 4-year-old son Alfie off at preschool when one of the teachers pulled him aside. Yet Tamberelli's mom had taught him to always engage with fans, asking them about themselves and forming a genuine connection. AdvertisementCourtesy of Danny Tamberelli"I want to teach my children about fame through communication," Tamberelli said. Tamberelli's mom was always on set with himMost recently, Tamberelli has done that by indulging in the nostalgia that his fellow 90s kids love so much. Tamberelli declined to comment on the film but said his mother was always a protective force on set.

Persons: —, Danny Tamberelli, Alfie, She'd, Arnold, Tamberelli, he'll, he's, Penelope, There's, Kate, Peter Detweiler, Tamberelli's, that's, Little Pete, Danny Organizations: Service, School, Business, Ducks, Con, Hollywood

☆ Heinrich XIII Prince Reuss: German prince accused of leading coup plot goes on trial
▼ + stars: | 2024-05-21 | by ( Inke Kappeler | Sana Noor Haq | ) edition.cnn.com time to read: +2 min

Heinrich XIII Prince Reuss, 72, is accused of leading the plot, which would have led to him becoming Germany’s head of state. Birgit Malsack-Winkemann, a former judge, attends the Frankfurt trial on Tuesday. The former lawmaker allegedly led co-defendants around the Reichstag parliament to scout the site for a coup plot. In addition to the five judges, two others will be on standby for the Frankfurt trial in the event of a long-term absence. Malsack-Winkemann, an ex-lawmaker for the far-right Alternative for Germany (AfD) party, allegedly led several co-defendants around the Reichstag building scouting the location.

Persons: Heinrich XIII Prince Reuss, Birgit Malsack, Frank, Walter Steinmeier, Kai Pfaffenbach, Maximilian Eder, Ruediger von Pescatore Organizations: CNN, Bundestag, Reuters, Frankfurt, Public Locations: Frankfurt, German, Stuttgart, Munich, Germany, Hesse

☆ Peloton ‘paused the use of’ Sean ‘Diddy’ Combs’ music on its platform
▼ + stars: | 2024-05-21 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —Peloton said it has paused the use of music recorded by Sean “Diddy” Combs on its workout class platform in response to a member of a private Facebook group for Peloton users. In the comment posted on Monday, the company said it also removed the Bad Boy Entertainment Artist Series, a line of classes and workouts using music from a record label founded by Combs, on its platform. “This means our Instructors are no longer using his music in any newly produced classes,” Peloton said in the post. I take full responsibility for my actions in that video,” Combs said in a video statement posted on Instagram on Sunday. In 2022, Peloton said it “indefinitely paused” playing Kanye West’s music from its streaming workout classes after he made antisemitic comments.

Persons: Sean “ Diddy ” Combs, Combs, — Cassie Ventura, ” Combs, “, Kanye, Buddy, CNN’s Jordan Valinsky, Alli Rosenbloom, Elizabeth Wagmeister Organizations: New, New York CNN, Bad Boy, CNN, Ventura Locations: New York

☆ Steve Jobs' former intern on why college grads should pay $50,000 to work with the best people
▼ + stars: | 2024-05-21 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +1 min

Steve Jobs' former intern has some sage advice for college graduates: stop focusing on working for big companies and instead find the best people to work for. Chet Kapoor, chairman and CEO of generative AI company DataStax, has had an illustrious career in Silicon Valley. The Kolkata-born tech leader started out working at Steve Jobs' software company NeXT in 1986 and went on to become CEO of API management company Apigee which was acquired by Google in a $625 million deal in 2016. Kapoor said his experience observing Jobs played a role in shaping his leadership style. "I can attribute a large portion of my success to my first two or three years at NeXT," he added.

Persons: Steve Jobs, Chet Kapoor, Kapoor, Jobs Organizations: NeXT, Google, Jobs, CNBC Locations: Silicon Valley, Kolkata

☆ New York tech workers make $135,000 on average, but can't afford the vast majority of apartments on the market
▼ + stars: | 2024-05-21 | by ( Eliza Relman | Madison Hoff | ) www.businessinsider.com time to read: +6 min

Things are so bad that even tech workers, who make some of the highest salaries of any profession, are feeling the crunch. Entry-level tech workers made an average of $75,262 in 2023, and could only afford 2.1% of studio and one-bedroom rental apartments in the city, StreetEasy found. "If these tech employees can't afford housing, then who can?" But even as New York City has created 800,000 new jobs in the last 10 years, it's only built 200,000 new homes. The average tech worker makes 52% more per year than the average worker in New York City, the StreetEasy report noted.

Persons: StreetEasy, Julie Samuels, Samuels, —, Kenny Lee, Eric Adams, Kathy Hochul, Hochul, Adams Organizations: Service, Apple, Business, Tech, New York City, New York State Department of Labor, York City, New York, Yorkers Locations: New York, Manhattan, York City, San Francisco, New York City, StreetEasy, Yorker, York

☆ A Gen Xer who barely lives above the poverty line sells plasma to cover her rent because she doesn't qualify for government assistance: 'There's a lot of praying and just hanging on.'
▼ + stars: | 2024-05-21 | by ( Allie Kelly | ) www.businessinsider.com time to read: +4 min

Kelley used to drive 30 minutes across the Kentucky border every morning to work as a security guard. A growing number of American households can barely pay their bills but make too much to qualify for government assistance. Kelley can't afford healthcare and has started selling her plasma for extra moneyKelley said her top expenses are housing and food. She also said it's a lot more difficult to qualify for government assistance since she isn't actively supporting children. "If you make too much, there's no help; if you are healthy, there's no help; if you don't have kids, there's no help."

Persons: —, Lisa Kelley, Kelley, she's, ALICE —, ALICE, I've, She's, isn't Organizations: Service, Business, Survey, United Way's, Medicare Locations: Cincinnati, Kentucky, DollarTree

☆ Freeport-McMoRan CEO on copper: We're on a trend to have a very serious shortage
▼ + 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 EmailFreeport-McMoRan CEO on copper: We're on a trend to have a very serious shortageRichard Adkerson, Freeport-McMoRan CEO, joins CNBC's 'Money Movers' to discuss the copper supply shortage, the outlook on copper demand, the data center boom, and more.

Persons: Richard Adkerson Organizations: Email, McMoRan Locations: Freeport

☆ I shopped for dinners at Aldi on a $60 budget. I was shocked at how many meals I got for my family of 4.
▼ + stars: | 2024-05-21 | by ( Terri Peters | ) www.businessinsider.com time to read: +1 min

I shopped for dinners for my family of four at Aldi on a $60 budget. I bought six nights' worth of quick, easy dinners and only went $4 over budget. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAs someone who's shopped at Aldi for years, the store has always been my go-to when I need to stick to a strict grocery budget. This story is available exclusively to Business Insider subscribers.

Persons: —, who's Organizations: Aldi, Service, Business

☆ Ethereum surges 22% on speculation ETFs could be approved as soon as this week — and a new bitcoin record might not be far behind
▼ + stars: | 2024-05-21 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Ethereum has jumped over the past 24 hours as odds of an imminent ETF approval have soared. AdvertisementAccording to Standard Chartered Head of FX Research Geoff Kendrick, ETF approvals would cement ether's chances of reaching $8,000 by this year's end. AdvertisementSecondly, big outflows are also less likely to be an issue for ether, Kendrick pointed out. Once ether funds are established, the price highs that it can achieve bode well for bitcoin, Kendrick added. "An ETH ETF approval will further legitimise the sector and therefore be BTC positive as well.

Persons: Ethereum, —, That's, Eric Balchunas, Geoff Kendrick, Kendrick, bode Organizations: SEC, Chartered, Service, bitcoin, Securities and Exchange Commission, Bloomberg, Bloomberg Intelligence, Standard Chartered, FX, BTC Locations: VanEck

☆ The last bear on Wall Street: Why JPMorgan's Marko Kolanovic is sticking by his forecast for a 20% market sell-off
▼ + stars: | 2024-05-21 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

JPMorgan's Marko Kolanovic sees no reason to turn bullish on the stock market despite record highs. In a Monday note, Kolanovic reiterated his view that the S&P 500 could fall 20% to 4,200. AdvertisementJust one day after Morgan Stanley CIO Mike Wilson abandoned his bearish stock market call, JPMorgan's Marko Kolanovic is digging his heels in. Kolanovic is the last mega-bank-bear on Wall Street, reiterating his view in a Monday note that the S&P 500 will fall about 20% to 4,200, levels not seen since October. And AI won't save the stock market, either.

Persons: JPMorgan's Marko Kolanovic, Kolanovic, —, Morgan Stanley, Mike Wilson, It's Organizations: Service Locations: Kolanovic

☆ Lowe's beats on earnings and revenue, even as consumers spend less on DIY projects
▼ + stars: | 2024-05-21 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +2 min

Lowe's topped Wall Street's quarterly earnings and revenue expectations on Tuesday, even as do-it-youself customers bought fewer pricey items. It marked the fifth quarter in a row that Lowe's posted a year-over-year sales decline. Roughly half of Home Depot's sales come from pros compared to about 20% to 25% at Lowe's. Lowe's is lapping a year-ago quarter when the company slashed its full-year outlook and posted a year-over-year sales decline. For each of the three quarters since then, Lowe's sales have also dropped from the year-ago periods.

Persons: Lowe's, Marvin Ellison, Ellison Organizations: Home Depot, LSEG

☆ A woman who won a free Virgin Voyages cruise said she would have to spend $8,000 on flights to claim the prize
▼ + stars: | 2024-05-21 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +5 min

Read previewAn Australian woman who won a Virgin Voyages cruise said she and her partner would have to pay a combined $8,000 for flights due to a change in the ship's itinerary. In a video shared to Virgin Voyages' Instagram account in November, a flight attendant FaceTimed with Virgin founder Richard Branson to announce the prize. Advertisement"I am pleased to gift each adult on board a free Virgin Voyages cruise," Branson said. Balkrushna Potdar, a marketing lecturer at the University of Tasmania, told ABC that Morgan's story could potentially damage Virgin Voyages' brand. In September 2023, Virgin Voyages announced it had secured $550 million in funding managed by the Private Equity Group of Ares Management.

Persons: —, Morgan, Richard Branson, Branson, Chris Putnam, Balkrushna, Potdar, Scarlet Lady, Ares Management Organizations: Service, Virgin, Australian Broadcasting Corporation, ABC, Business, Virgin Airlines, Virgin Voyages, Independent, Overseas, Miami, Virgin's PR, BI, Voyages, Virgin Australia Group, University of Tasmania, Private Equity Group, Ares Locations: Melbourne, Tasmania, Australia, New Zealand, Brisbane, Red, Quay, Sydney, Europe, Caribbean, San Juan, Tortola, Basseterre, St, John's, Fort, de, France, Castries, Kingstown, Hobart, Ireland, Scotland, Portsmouth, England

☆ Opinion | Biden’s Get-Tough-on-China Tariffs May Backfire
▼ + stars: | 2024-05-21 | by ( Steven Rattner | ) www.nytimes.com time to read: +1 min

Two successive presidents have come down firmly on the side of tariffs rather than trade agreements as the preferred mechanism for managing international commerce. While there are political and security reasons for tariffs, America’s new protectionist stance will raise prices, limit consumer choices and risk our future growth. Last week, after laying low on this front for most of his term, President Biden announced a raft of new tariffs on selected Chinese imports including electric cars and solar panels as well as steel and aluminum. While the tariffs cover only $18 billion of imports, they are by design meant to keep Chinese products, like electric vehicles, from entering the U.S. market. In doing so, he has in large measure aligned his trade policy with that of his predecessor, Donald Trump.

Persons: Biden, Donald Trump Locations: United States, U.S

☆ Russian Forces Close In on Ukrainian Town in Northeast
▼ + stars: | 2024-05-21 | by ( Constant Méheut | ) www.nytimes.com time to read: 1 min

Russian forces on Tuesday inched closer to the central part of Vovchansk, a town in Ukraine’s northeast that they have been attacking for the past 10 days as part of a new offensive in the region. Roman Semenukha, the deputy head of the military administration in the northeastern Kharkiv region, said on television on Monday that Ukrainian forces had lost about 40 percent of the town, with Russian troops pushing from the north. Open-source maps of the battlefield compiled by independent groups also show that Russia now controls the northern part of the town, which had a prewar population of 17,000. Vovchansk, which lies just five miles from the Russian border, has been a prime target of Moscow’s new offensive. Both U.S. officials and President Vladimir V. Putin of Russia have said the offensive is part of an effort to establish a buffer zone.

Persons: Roman Semenukha, Vladimir V, Putin Organizations: U.S Locations: Vovchansk, Ukraine’s, Roman, Kharkiv, Russia, Russian

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