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Yet two rounds, or 36 holes, away from possibly making history, Nelly Korda is an athlete who seems at ease with what could lie ahead. Korda, the world No.1, was six shots off the lead after her first round. At last month’s The Chevron Championship, Korda won her fifth consecutive title to join Annika Sörenstam and Nancy Lopez as the only players to win five in a row on the tour. Nelly Korda has won 13 times on the LPGA Tour. “I just felt like mentally, I just needed the rest,” Korda told ESPN.
Persons: Nelly Korda, Korda, Madelene Sagstrom, Rose Zhang, Annika Sörenstam, Nancy Lopez, Elsa, , ” Korda, Zhang Organizations: CNN, Cognizant, Chevron, LPGA, ESPN, Eagle Locations: American, Clifton , New Jersey
1 Novak Djokovic was hit in the head with a water bottle following his second-round victory at the Internazionali BNL d’Italia in Rome, Italy, on Friday. The 36-year-old Serbian was signing autographs for spectators when he was struck by the water bottle, tournament organizers told CNN. Djokovic later posted on X, formerly Twitter, thanking fans for their messages. “This was an accident and I am fine resting at the hotel with an ice pack. Djokovic defeated Frenchman Corentin Moutet 6-3 6-1 and is next scheduled to face Chile’s Alejandro Tabilo on Sunday.
Persons: Novak Djokovic, Djokovic, , Frenchman Corentin Moutet, Chile’s Alejandro Tabilo Organizations: CNN, BNL Locations: Rome, Italy, Serbian
At the Milken Institute’s Global Conference this week, a little-known risky financial tool became the subject of a hot debate among Wall Street titans. Many private equity firms have quietly begun mortgaging their investment funds, piling leverage upon leverage. In other words, they’re taking out loans against the businesses they’ve already taken out loans to buy. At a time when dealmakers are desperate to raise new cash after the boom of the pandemic era, this mechanism — known as a net asset value loan — is allowing them to do it overnight. firms are using the tool as they set out to raise their next funds, especially those confronting a hurdle during a slow period for dealmaking: They have yet to return cash to the limited partners they tapped for their last round.
Organizations: Milken Institute’s Global Conference, Wall Street titans
CNN —Rafael Nadal said he is unsure whether he will be able to play at the French Open for likely the final time later this month, after he was defeated in the second round of the Italian Open by Hubert Hurkacz on Saturday. “The decision (to appear at the French Open) as you can imagine, is not clear in my mind today,” the 22-time grand slam winner said afterwards, according to the ATP Tour. 9 Hurkacz in Rome, in what was likely his last appearance at a tournament he has won a record 10 times. Nadal has won the Italian Open 10 times during his career. Nadal told reporters on Saturday that there were two ways for him to approach this year’s French Open.
Persons: CNN — Rafael Nadal, Hubert Hurkacz, Roland Garros, ” Nadal, Nadal, Guglielmo Mangiapane, , Organizations: CNN, ATP Locations: Rome
Jhonathan Vazquez moved from Houston to Tulsa, Oklahoma, in 2021. My wife found a program called Tulsa Remote, which is a $10,000 stipend to bring remote workers to the city. AdvertisementI saw the acceptance rate for the Tulsa Remote program was low, but I figured we had nothing to lose. The Tulsa Remote program wanted people who wanted to be a part of Tulsa's community. Tulsa Remote helped set me up with the connections to start my company.
Persons: Jhonathan Vazquez, Vazquez, he's, , I'm, Chandler, We're, We've, we've Organizations: Service, Titan, Tulsa, Tulsa Remote, Jhonathan Vazquez Tulsa Locations: Houston, Tulsa , Oklahoma, Houston , Texas, USA, Tulsa, Everything's, Dallas, Mexico
NOAA has forecasted a "severe" geomagnetic storm to hit Earth this Friday, triggering aurora borealis. This storm comes as we approach solar maximum: the peak of solar activity during the sun's 11-year cycle. As a result, the National Oceanic and Atmospheric Administration issued a rare forecast for a "severe" G4 geomagnetic storm to hit Earth this Friday. NASADuring solar maximum, the sun develops more and larger sunspots, like the ones in region 3664, compared to quieter periods of solar activity. Severe geomagnetic storms like the one forecasted to hit this Friday are rare.
Persons: , It's, Alex Young, NASA Goddard's, Young, Lance King Organizations: NOAA, Service, National Oceanic, Atmospheric Administration, NASA, NASA Goddard's Heliophysics, Getty Locations: Alaska, Northern
In today's big story, we're looking at how a sports bettor trying to hedge a $1.7 million payout shows the gambling world is taking a page out of Wall Street's book . The big storySports gambling goes Wall StreetiStock; Rebecca Zisser/BIHow would you like to turn $100 into $1.7 million in a little over a year? Thanks to a secondary market for gambling tickets, Shelton could sell his ticket to another bettor. And not unlike Wall Street's feelings about retail traders, Shelton is the type of gambler sportsbooks love. Unlike mom-and-pop gamblers who often bet on a whim, so-called sharps' systematic approach to gambling can pose a problem for sportsbooks.
Persons: , Rebecca Zisser, Wayne Shelton, Shelton, Matthew Fox, Anthony Edwards, Joshua Gateley, sportsbooks, Shelton's longshot, Goldman Sachs, Sam Bankman, Fried, Puck, SBF, Justin Sullivan, Getty Sundar Pichai, Pichai, Jack Dorsey, he'd, Mike Solana, Dorsey, Bluesky, Demis, Microsoft's Mustafa Suleyman, they'd, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Sports, MLB, NFL, NBA, Oklahoma City Thunder, Thunder, Dallas Mavericks, Western Conference, ESPN, Boston Celtics, Minnesota Timberwolves, Getty, Detention, MDC, Bloomberg, Bay Area, YouTube, Spotify, Apple, Warner Brothers, Justice League, Big, Honda Locations: China, Russia, Brooklyn's, Young, New York City, New York, Bay, London
Read previewGoogle execs have been facing tough questions from employees after the company reported blowout earnings last month. The company reported a year-on-year revenue increase of about 15% and issued its first dividend of 20 cents a share . Googlers wanted to know why the revenue boost wasn't leading to higher pay or an end to some of the company's cost-cutting measures, CNBC reported. AdvertisementHowever, a Google spokesperson told CNBC most employees would receive a pay raise this year, including equity grants and bonuses. AdvertisementDuring the all-hands, Pichai told workers the company had hired too much staff during the pandemic, per CNBC.
Persons: , Googlers, Sundar Pichai, Ruth Porat, Pichai Organizations: Service, Business, CNBC, Finance, TED, Google
Cramer's Lightning Round: Bank of America is a buy
  + stars: | 2024-05-10 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Stock Chart Icon Stock chart icon Biogen's year-to-date stock performance. Stock Chart Icon Stock chart icon Kratos' year-to-date stock performance. Micron : "I like Micron, and I like Sanjay Mehrotra [buy, buy, buy!]." Stock Chart Icon Stock chart icon Bank of America's year-to-date stock performance. Stock Chart Icon Stock chart icon Chevron's year-to-date stock performance.
Persons: Kratos, that's, Sanjay Mehrotra Organizations: Micron, of America's, Fidelis Insurance Holdings
Shopify has acquired the team working on analytics startup Peel Insights, the Canadian e-commerce giant confirmed Friday. Peel works primarily with Shopify merchants and can integrate with apps across their tech stack, including Klaviyo and Recharge. Peel's CEO and cofounder, Nicolas Grasset, is now a director of product at Shopify, according to his LinkedIn, and the Peel app is still available on the Shopify App Store. Related stories"With the Peel Insights team at Shopify, we can supercharge insights features for our millions of merchants," they said. In 2021, it brought on the team from AR startup Primer to work on AI and spatial computing at Shopify.
Persons: Shopify, Peel, Lerer Hippeau, Nicolas Grasset Organizations: Business, Eniac Ventures, Vinyl Capital, Peel Locations: Peel, Swedish, Triple
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: We're only in the middle of Micron's roll higher, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: Biogen, Kratos, Micron, Bank of America, Fidelis Insurance, Jfrog, and Chevron.
Persons: Jim Cramer Organizations: Micron, Bank of America, Fidelis Insurance, Chevron
CNN —The Cleveland Cavaliers leveled their Eastern Conference semifinal series against the Boston Celtics, taking down the No. The Cavaliers bounced back from a demoralizing Game 1 blowout to flip the script and steal home-court advantage away from Boston. All-Star guard Donovan Mitchell scored 29 points, grabbed seven rebounds and dished out eight assists to help Cleveland to its first win of the series. I was just continuing to find ways to apply pressure on them,” said Mitchell after the game. Joshua Gateley/Getty ImagesPJ Washington added another 29 points and 11 rebounds for Dallas, while Gilgeous-Alexander led OKC with 33 points, 12 rebounds, eight assists and two blocks.
Persons: Donovan Mitchell, Cavs, Mitchell, , Evan Mobley –, Jarrett Allen, , Caris, Jayson Tatum, Tatum, Max Strus, Brian Babineau, Jaylen Brown, Joe Mazzulla, , Luka Dončić, Dončić –, Shai Gilgeous, Alexander, Nikola Jokić –, ” Dončić, “ I’m, Joshua Gateley, PJ Washington, OKC Organizations: CNN, The Cleveland Cavaliers, Eastern Conference, Boston Celtics, Cavaliers, Celtics, , Six Cavaliers, Cleveland, Miami Heat, Boston, Mavericks, Thunder, Dallas Mavericks, Oklahoma City Thunder, Dallas, American Airlines Center Locations: Boston, Cleveland, Ohio, Slovenian, Oklahoma, Dallas
"As we all know, last year was challenging, and we've made some changes this year," the note said. On Friday, Target confirmed it will reduce the number of stores that carry its assortment of LGBTQ+ merchandise for Pride month in June. The company said it will offer a collection online and certain stores "based on historical sales performance." AdvertisementRead the email from Target to the LGBTQ+ employee group:Pride+ community,As you know, team members across Target have been working on our Pride 2024 plans for months. As we all know, last year was challenging, and we've made some changes this year based on guest insights and sales trends.
Persons: we've, , Brand Marketing Carlos Saavedra, Saavedra, you'd, Ann, Jeff, Carlos Organizations: Service, Business, Bloomberg, Target, Brand Marketing, Pride Locations: Minneapolis , New York City
A customer walks by a Pride Month merchandise display at a Target store on May 31, 2023 in San Francisco, California. Target will limit which stores sell LGBTQ-themed products following last year's firestorm over its decision to sell products designed for transgender people. It added that in addition to selling LGBTQ-themed home and food and beverage items, apparel from its Pride collection this year will be tailored to adults. No Pride apparel for children will be sold. The latest decision, first reported by Bloomberg News, represents a change from offering the products in all Target stores, as the company has done in previous years.
Organizations: Pride, Bloomberg News, Pride Month, Target Locations: San Francisco , California, Target
Plus, the pandemic and the shift to working from home have made millennials and Gen Z lonelier than ever, thanks in part to doomscrolling. "I believe the conventional 'make friends' apps too closely mimic the dating model, which can feel awkward and high-pressure for making friends," he said. The group hosts "reading parties" at bars and event spaces with the goal of helping people connect through reading. Dinner With Friends, a group that throws dinner parties, has worked on sponsored events with brands like Bumble and Geneva. Dinner With Friends founder Anita Michaud said brands typically either sponsor entire dinners or provide products — like canned cocktails — for the dinner parties.
Persons: , they've, Danial Hashemi, Sydney, Z, millennials, Cliff Lerner, Lisa Oreshkina, Saneblidze, Tom Worchester, Andreessen Horowitz, Victor Pontis, Luma, Liz Chick, Gen, Mira Hobbs, ReCreate's Chick, Anita Michaud, Peter Boyce II, Boyce, Maitree Mervana Parekh, Marlon Nichols, they're, it's, Ben Bradbury Organizations: Service, Business, Sydney Bradley, Big Tech, Tech, Timeleft, Reading, Facebook, VC, Wine, Bumble, New, Acrew, MaC Venture, Reading Rhythms Locations: New York City, Los Angeles, New York, Brooklyn, Squarespace, Lisbon, Amsterdam, London, San Francisco, Geneva
Oil prices up on stronger Chinese data, Middle East conflict
  + stars: | 2024-05-10 | by ( ) www.cnbc.com   time to read: +1 min
Oil prices rose on Friday, continuing upwards trend on the signs of improving economy in China and as negotiations to halt hostilities in the stand-off between Israel and Hamas yielded no results. In the previous session, oil prices edged up to a one-week high on data of rising crude oil imports in China in April and as investors saw the cooling U.S. job market as an indication of possible interest rate cuts. China's exports and imports returned to growth in April after contracting in the previous month, signaling an improvement in demand. "Ongoing signs of strength in demand in China should see commodity market remain well supported," ANZ Research said in a note. Daly did not say if she felt the U.S. central bank was likely or not to cut interest rates this year.
Persons: Brent, Mary Daly, Daly, Benjamin Netanyahu, Joe Biden's Organizations: U.S, West Texas, ANZ Research, San Francisco Federal, Financial Locations: China, Israel, U.S, Rafah, Gaza, Cairo
“People are like ‘OK, Sweden is the spiritual home of Eurovision’ – I see Eurovision as this moving entity,” she tells CNN. “The whole product, ABBA, is a vibe, isn’t it?”ABBA sing "Waterloo" at Eurovision 50 years ago. But ABBA are the past; Baby Lasagne, Windows95Man and Nemo – a person, not a fish – are very much the present. This year’s slim favorite is Baby Lasagne, whose arena-pounding anthem “Rim Tim Tagi Dim” describes a brain drain affecting Croatian towns. He credits his fiancée with helping him launch his career – “She’s the lasagne, and I’m just the baby,” he tells CNN.
Persons: Paul Anka, Abba –, Loreen, , , Loreen –, they’ve, ” Loreen, Olle Lindeborg, Lasagne, Nemo, Sarah Bonnici, aga, you’d, Music ”, Dominic Lipinski, Marcus, Martinus, , – “, I’m, Switzerland’s Nemo, ” Nemo, ” Joost Klein's, Jens Büttner, Joost Klein, Teemu Keisteri, he’s, Windows95Man, it’s, Belgium’s Mustii, Bonnie Tyler’s, Sanjin, Marina Satti, Hera Bjork, ” Saba, Slimane, who’s, ” Poland’s Luna, Jeff Spicer, ” we’re, Luna “, doesn’t, we’re, ” Portugal’s, … “, Alyona Alyona, Jerry Heil, Jens Bittner, ” Joost Klein, bro, airdropped, Angelina, Greta Thunberg, Eden Golan, audibly, they’ll, oddballs gunning Organizations: CNN, Waterloo, Malmo, Eurovision, Getty, Pulitzer, aga … aaa, aaa, United, Music, MAG, San, ” “ Hurricanes, Israel, European Broadcasting Union Locations: Sweden, AFP, Malmo, Europe, Armenia, wail, Gaza, Israel
Sam Altman, CEO of OpenAI, attends the 54th annual meeting of the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. On Friday, advanced nuclear fission company Oklo, for which Sam Altman serves as chairman, started trading on the New York Stock Exchange. Oklo's business model is based on commercializing nuclear fission, the reaction that fuels all nuclear power plants. "I don't see a way for us to get there without nuclear," Altman told CNBC in 2023. It's not Altman's only foray into nuclear energy or other infrastructure that could power large-scale AI growth.
Persons: Sam Altman, Altman, Oklo, Bill Gates, Jeff Bezos, Jacob DeWitte, hasn't, we've, DeWitte, It's, Helion, OpenAI Organizations: Economic, New York Stock Exchange, AltC, U.S . Air Force, Microsoft, Amazon, CNBC, U.S . Nuclear Regulatory Commission, NRC, DeWitte, Nvidia Locations: Davos, Switzerland, Idaho, OpenAI's San Francisco, U.S, Saudi Aramco, Rain
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCoreWeave CEO Michael Intrator discusses the competitive AI landscapeMichael Intrator, CoreWeave CEO, joins 'Closing Bell Overtime' to talk raising $1.1 billion in latest funding round, competition in the AI space, and more.
Persons: Michael Intrator
The results of pure-breeding, on display starting this Saturday at the Westminster Kennel Club Dog Show in New York, are profound. Erich Andres/United Archives, via Getty Images Modern shepherds have more pronounced slopes A German shepherd at the 2013 Westminster Kennel Club Dog Show. Imagno/Getty Images Modern pugs have smushed, round faces A pug at the 2013 Westminster Kennel Club Dog Show. Fox Photos/Getty Images Modern chows are slightly larger, with more fluffy fur A chow at the 2013 Westminster Kennel Club Dog Show. Fox Photos/Getty Images Modern bull terriers have more football-shaped heads A bull terrier at the 2013 Westminster Kennel Club Dog Show.
Persons: Davis, Erich Andres, Fred R, Conrad, Danika Bannasch, Cane Corso, Pugs, Imagno, Chow chows, chow, Bull Organizations: American Kennel Club, University of California, Wisdom Health, Westminster Kennel, Danes, United, Getty, The New York Times, Fox, American Kennel Locations: Finland, New York, Rhodesian
There's a split internally at $65 billion Marshall Wace. The 27-year-old London-based hedge fund, founded by Paul Marshall and Ian Wace, has prided itself on its collaborative culture. Multi-strategy mightThe culture shift at Marshall Wace is just the latest ripple effect to come from the vast expansion of power, assets, and clout of the largest multi-strategy hedge funds. For Marshall Wace, that looks like a charge that can be up to 0.75% of the $22.4 billion Eureka fund's value — more than $150 million — on top of the set management fees and variable performance fees the firm already charges. A person close to the firm said that certain people still have access to aggregated positions, but the restriction helps Marshall Wace manage "complexity and confidentiality" as the manager continues to grow.
Persons: Marshall Wace, Paul Marshall, Ian Wace, Marshall, George Soros, It's, Marshall Wace's, You've, Dan Schatz, Ruchit, Jaime Brandwood, Derek Rosenthal, Marshall's Organizations: Business, BNP, Eureka, Citadel, Ruchit Puri Locations: London, Citadel, New York, Singapore, Shanghai, Hong Kong, Eureka
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: There's room for both AMD and Nvidia in the market, says Jim Cramer'Mad Money' host Jim Cramer weighs in on stock including: AMD, Southern Copper, Corsair Gaming, and more.
Persons: Jim Cramer Organizations: AMD, Nvidia, Corsair Gaming
Cramer's Lightning Round: AMD is a buy
  + stars: | 2024-05-09 | by ( Julie Coleman | ) www.cnbc.com   time to read: 1 min
Stock Chart Icon Stock chart icon Advanced Micro Devices' year-to-date stock performance. Stock Chart Icon Stock chart icon Southern Copper Corp's year-to-date stock performance. Stock Chart Icon Stock chart icon Corsair Gaming's year-to-date stock performance. Stock Chart Icon Stock chart icon Starwood Property Trust's year-to-date stock performance. Stock Chart Icon Stock chart icon XPO's year-to-date stock performance.
Persons: Lisa Su's Organizations: Devices, Southern Copper Corp, Logitech, Starwood, Starwood Property
Home prices are falling in parts of Florida and Texas even as they soar nationally. Sale prices only dropped in 15 of 221 metro areas last quarter, and five were in those states. High prices, steeper mortgage rates, and supply catching up with demand help explain the declines. AdvertisementHome prices are falling in parts of Florida and Texas as buyers tap out and supply catches up with demand. AdvertisementThe takeaway is that a combination of sky-high prices, steeper mortgage rates and other costs like insurance squeezing buyers' budgets, and supply catching up with demand has resulted in prices flatlining or falling in parts of Florida and Texas, bucking the national trend.
Persons: , Fort Myers, Redfin, Coral Organizations: Service, National Association of Realtors, Fort, Fort Walton, Austin, Rock, NAR, Panama City, Homeowners, Federal Locations: Florida, Texas, Panama City, Crestview, Fort, San Antonio, New Braunfels, Lac , Wisconsin, Illinois, Kankakee, Rockford, Champaign, Urbana, Austin, Panama
CNN —A US Air Force rescue team airlifted a civilian passenger needing urgent medical care this past weekend from a Carnival cruise ship that was hundreds of miles out in open Atlantic waters. The dramatic May 4 medical rescue involved three helicopter air-to-air refuelings to reach the Carnival Venezia, according to a news release from the 920th Rescue Wing. The mission was carried out by two HH-60G Pave Hawk helicopters, two HC-130J Combat King II aircraft and two teams of rescuers. When the aircraft arrived, rescuers were hoisted down from the helicopters and began preparing the patient for transport, the release said. Neither the 920th Rescue Wing nor the cruise line had further information about the patient’s condition or where he was taken for treatment.
Persons: , Dylan Gann, CNN’s Karla Cripps Organizations: CNN, US Air Force, Carnival Venezia, 920th Rescue Wing, Venezia, Patrick Space Force, HC, 130J, King, HH, U.S . Department of Defense, 920th, Wing, 301st Rescue Squadron, ” Carnival, CNN Travel, Air Force, US Coast Guard Locations: New York City, Bahamas, Caribbean, Florida, New York
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