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Earlier this week, groups of travelers climbing Yandang Mountain in eastern China were stuck partway up a cliff, clinging to a rope along a fixed climbing route, for more than an hour. Someone like me afraid of heights might just wet myself up there!” wrote one Chinese online commenter. Wenzhou Dingcheng Sports Development Co., Ltd, which manages the via ferrata, said it had underestimated the number of people interested in climbing the mountain. Yandang Mountain is about 410 km (255 miles) south of Shanghai, in Zhejiang province, and is 1150 meters (3,773 feet) high. A popular site for holidaymakers in China, Yandang Mountain was submitted for UNESCO World Heritage site designation in 2001 and remains on the tentative list.
Persons: Everest, rungs, , I’m Organizations: CNN, Sports Development Co, Labor, UNESCO Locations: China, Wenzhou, Shanghai, Zhejiang province
Palestinians flee from Rafah, Gaza Strip, on May 6. Ramadan Abed/ReutersPalestinian civilians told to evacuate eastern Rafah by the Israeli military have described their fear and despair at being uprooted from their homes and shelters, as Israel airstrikes hit Gaza’s southernmost city. “We left because they distributed leaflets,” Mohammed Ghanem, a resident in eastern Rafah told a CNN stringer in the area on Monday. Another woman from eastern Rafah said, “The Israelis sent us messages ordering us to leave. In a statement, the office of Israel’s prime minister said the country’s war cabinet had “unanimously decided” to continue with the Rafah operation “to exert military pressure on Hamas.”Read the full story.
Persons: Ramadan Abed, ” Mohammed Ghanem, , ” Ghanem, , Khan Younis Organizations: CNN Locations: Rafah, Gaza, Israel, , Mawasi
But now that extra spending money is gone, economists are concerned about what comes next. That means many Americans have more debt than savings and suggests “that American households fully spent their pandemic-era savings as of March 2024,” they wrote in a recent report. Consumer spending plays a crucial role in driving economic growth in the United States, and it has shown remarkable strength over the past two years. “A continuing strong labor market could help consumers maintain spending patterns similar to those observed recently, even without pandemic-era savings,” they wrote. What comes next: Disney, Airbnb, Uber, Anheuser-Busch, Tapestry and Dillards all report later this week — investors will look for any comments about how consumer spending, or lack thereof, is altering revenue forecasts for 2024.
Persons: Hamza Abdelrahman, Luiz Edgard Oliveira, , Austan Goolsbee, ’ ”, Fitch, Sarah Wyeth, Chris Kempczinski, Abdelrahman, Airbnb, Warren Buffett, Berkshire Hathaway, Greg Abel, Buffett, , Abel, isn’t, Boeing “, Scott Stocker, Read Organizations: CNN Business, Bell, New York CNN, San Francisco Federal Reserve, Chicago Federal, Society for, , Shoppers, Tyson Foods, , Disney, Anheuser, Busch, Berkshire, International Monetary Fund, Industries, Nvidia, Microsoft, FAA, Boeing, Federal Aviation Administration, CNN Locations: New York, United States, Omaha , Nebraska, Omaha, scamming
The FAA said on Monday that it's probing Boeing amid reports of employees not completing 787 checks. AdvertisementThe Federal Aviation Administration is investigating whether Boeing employees may have falsified plane safety records for the 787 Dreamliner, adding to the manufacturer's woes as it faces regulatory scrutiny. "The FAA is investigating whether Boeing completed the inspections and whether company employees may have falsified aircraft records," the statement said. Several former Boeing employees who became company whistleblowers have raised concerns about 787 Dreamliner production, alleging that the manufacturer was prioritizing profit over quality. AdvertisementAnother ex-employee, John Barnett, slammed 787 production for years and said he observed issues with oxygen mask deployment in the jets, which he felt weren't properly addressed.
Persons: , Scott Stocker, " Stocker, Stocker, Max, Dave Calhoun, Sam Salehpour, John Barnett, weren't, Barnett, Joshua Dean, Spirit AeroSystems Organizations: FAA, Boeing, Service, Aviation Administration, Business, American Airlines, Spirit Locations: Charleston, South Carolina, Indonesia, Ethiopia
When tents went up amid the Gothic architecture on the University of Chicago’s quad on April 29, administrators initially took a permissive view. But that changed on Friday when negotiations between protesters and university leaders stalled, and the university’s president, Paul Alivisatos, wrote a letter saying demonstrators had violated policies and engaged in vandalism. “The encampment has created systematic disruption of campus,” said Dr. Alivisatos, a chemist who became president of the university in 2021. As part of its free speech philosophy, the university also put forward the principle of institutional neutrality. But the statement also describes clear limits, including a right to prohibit illegal activities and speech “that constitutes a genuine threat or harassment.”
Persons: Paul Alivisatos, ” “, , Alivisatos, , counterprotesters, Brandon Johnson Organizations: University of Chicago, University of, Chicago, , Locations: Chicago, Palestine
As experts warn that images, audio and video generated by artificial intelligence could influence the fall elections, OpenAI is releasing a tool designed to detect content created by its own popular image generator, DALL-E. start-up acknowledges that this tool is only a small part of what will be needed to fight so-called deepfakes in the months and years to come. On Tuesday, OpenAI said it would share its new deepfake detector with a small group of disinformation researchers so they could test the tool in real-world situations and help pinpoint ways it could be improved. “This is to kick-start new research,” said Sandhini Agarwal, an OpenAI researcher who focuses on safety and policy. “That is really needed.”
Persons: OpenAI, , Sandhini Agarwal
Goldman Sachs hiked its price target on Nvidia, calling for nearly 20% more gains ahead. The firm upgraded shares of Target to buy from neutral, and reiterated its $180 per share price target. The firm upgraded the clothing retailer to buy from neutral and increased its target price to $28 per share from $21. — Brian Evans 5:45 a.m.: Goldman Sachs raises Nvidia price target on still strong AI demand Goldman Sachs sees enough demand for artificial intelligence to drive sky high Nvidia even higher. The firm reiterated a buy rating on the chipmaker and raised its 12-month price target on the chipmaker to $1,100 from $1,000.
Persons: Goldman Sachs, TGT, Paul Lejuez, — Brian Evans, Wall, Brian Evans, Stephanie Yee, Toshiya Hari, Myles Allsop, Allsop, Fred Imbert Organizations: CNBC, Nvidia, UBS, Vale, Citi, Target, JPMorgan, UL Solutions, UL Locations: Monday's, North America, U.S, stoke, RIO
CNN —Palestinian civilians told to evacuate eastern Rafah by the Israeli military have described their fear and despair at being uprooted from their homes and shelters, as Israel airstrikes hit Gaza’s southernmost city. “We left because they distributed leaflets,” Mohammed Ghanem, a resident in eastern Rafah told a CNN stringer in the area on Monday. They are killing women and children.”Another woman from eastern Rafah said, “The Israelis sent us messages ordering us to leave. It is not only my feeling, it is everyone’s feeling.”Many of those leaving eastern Rafah have been previously displaced multiple times as Israel’s focus moved from city to city. A woman called Maha said Palestinian civilians were at the mercy of the Israeli military.
Persons: ” Mohammed Ghanem, , , Ghanem, Khan Younis, Ramadan Abed, Volker Türk, Faisal Barbakh, Malek, Yousef, , Mohammad Abu Khamash, It’s, ” Scott Anderson, Jan Egeland, Ahmad Safi, Safi, Abu Salah, Maha Organizations: CNN, Reuters, United Nations, Norwegian Refugee Council, Israel Defense Forces, Frontieres, ” MSF, UN Children’s Fund, UNICEF, UN, Palestinian Civil Defense Locations: Rafah, Israel, , Mawasi, Gazan, Rafah’s, Gaza, , Israeli, Palestinian
The financial health of Social Security and Medicare, two of the nation’s most crucial safety net programs, has improved this year as a stronger-than-expected U.S. economy attracted more workers to the labor market, buttressing funding for the critical programs. Annual reports released on Monday by trustees of the old age and retirement programs showed that while both still face long-term shortfalls that could ultimately result in reduced retirement and medical benefits, lawmakers will have slightly more time before they begin to fray. About 70 million people receive Social Security benefits, and more than 66 million participate in Medicare. The fate of the popular programs continues to be a contentious political issue, one that is expected to intensify as the November presidential election draws near. President Biden has pledged to block any cuts to Social Security and Medicare and has called for shoring up the programs with higher taxes on the rich.
Persons: Biden, Donald J, Trump Organizations: Social Security, Republican, Biden
Look at what's happening in Ukraine. Look at what's happening in the Middle East. Drones have changed modern warfare, public safety, and homeland security forever," Dedrone CEO Aaditya Devarakonda told CNBC on May 6, 2024, the day his startup was acquired by public safety company Axon. Public safety technology company Axon announced Monday that it is acquiring drone defense startup Dedrone. "And you can see what's happening around the world.
Persons: Aaditya Devarakonda, Dedrone, Rick Smith, CNBC's Morgan Brennan, Smith Organizations: Armed Forces, Ukraine, CNBC Locations: Lviv, Ukraine
The Federal Aviation Administration has opened a new investigation into Boeing after the plane maker told the regulator that it might have skipped required inspections involving the wings of some 787 Dreamliners. In a statement on Monday, the F.A.A. As part of its inquiry, the agency said it was looking into whether employees at the company may have falsified aircraft records. said that Boeing was reinspecting all Dreamliners still in production and that the company needed to create a plan to address aircraft already in service. will take any necessary action — as always — to ensure the safety of the flying public,” the statement said.
Organizations: Federal Aviation Administration, Boeing
CNN —An American soldier was detained in Russia last week on suspicion of theft and is currently being held in pre-trial detention, according to two US officials. “The Army notified his family and the U.S. Department of State is providing appropriate consular support to the Soldier in Russia. The soldier was stationed in South Korea when he took leave to travel to Russia on his own, according to another US official. A State Department official confirmed that a US citizen had been detained in Russia but would not provide further details. Last July, another soldier stationed in South Korea willingly crossed into North Korea where he was immediately detained.
Persons: Gordon Black, ” “, , Cynthia Smith, , Evan Gershkovich, Marine Paul Whelan, Ksenia Karelina, John Kirby, haven’t, ” Kirby, Travis King, King, CNN’s Jennifer Hansler, Kylie Atwood Organizations: CNN, US Army, Army, Russian Federation, U.S . Department of State, Vienna Convention, Consular Relations, Soldier, US State Department, Street, Marine, NBC News, State Department, US, National Security, Joint Security Area, Incheon International Locations: American, Russia, South Korea, Vladivostok “, Vienna, Ukraine, Cavazos, Texas, Moscow, North Korea, United States, Incheon, Seoul
After years of delays, Boeing is finally set to launch two NASA astronauts to the International Space Station on its Starliner spacecraft. ET, atop an Atlas V rocket at Florida's Cape Canaveral Space Force Station. Astronauts Barry "Butch" Wilmore and Sunita Williams will pilot the Starliner on its inaugural crewed flight — a crucial final test before NASA can authorize Boeing to conduct routine flights to and from the space station for the agency. If successful, the flight will enable Boeing to challenge the dominance held by Elon Musk's SpaceX, which has been ferrying NASA astronauts to and from the orbiting outpost since 2020. At a preflight briefing last week, Wilmore said safety is paramount and that previous Starliner launch attempts — both uncrewed and crewed — were delayed because the capsule simply was not ready until now.
Persons: Astronauts Barry, Butch, Wilmore, Sunita Williams, Elon Musk's Organizations: National Aeronautics and Space Administration, NASA, United, Alliance, Boeing's, NASA's Boeing, Cape Canaveral Space Force, Boeing, International, Atlas, Canaveral Space Force, Astronauts, Elon, Elon Musk's SpaceX Locations: Florida
CNN —Investigators are probing whether Boeing employees failed to perform some quality inspections on its 787 jets, the Federal Aviation Administration said Monday. The investigation is to determine whether the inspections were conducted and “whether company employees may have falsified aircraft records,” the FAA said. While the investigation takes place, Boeing employees will inspect the Dreamliners it has not yet delivered to airline customers and will develop a plan for the planes that are currently flying, the FAA said. In April, a Boeing engineer came forward publicly with different quality allegations about several Boeing models, including the Dreamliner. Sam Salehpour claimed shortcuts during the manufacturing process meant small gaps in the fuselage of 787s may not properly be filled.
Persons: Boeing “, , Scott Stocker, Stocker, Sam Salehpour Organizations: CNN —, Boeing, Federal Aviation Administration, FAA, CNN
Northern Gaza is already experiencing a “full-blown famine” which is rapidly spreading across the strip after almost seven months of war, the World Food Programme warned over the weekend. Three IDF soldiers were killed and three critically injured in the rocket attack which was claimed by Hamas’ military wing, the Al-Qassam Brigades. It was not clear whether the call for evacuation was in response to the attack at Kerem Shalom, and the border crossing remained closed on Monday. The IDF would also not put an exact timeframe for how long people in eastern Rafah have to evacuate or offer assurances that the area they would move to would not be shelled. As I said, we’re having real-time situational assessments and assessing the situation,” said the IDF’s Shoshani.
Persons: CNN —, , ” Avichay Adraee, Adraee, Salam, Tiba Zaraa, Jens Laerke, Nadav Shoshani, Israel, Yoav Galant, Al, we’re, Shoshani, Organizations: CNN, IDF Spokesperson’s Unit, Defense Army, Food, Israeli, IDF, Hamas, United Nations Locations: Rafah, Gaza, , Al, Geneva . Northern Gaza, , Egypt, Israel, Kerem Shalom
This story is available exclusively to Business Insider subscribers. AdvertisementBut on May 2, a tourist on Nantucket found their Cybertruck trapped in the sand, requiring a tow truck to free it. According to the tow operator, the driver made one crucial error: He forgot to let air out of the tires. The tow operator said the safe spot for beach driving is between 18 and 22 psi. Representatives for Tesla did not immediately respond to a request for comment from Business Insider.
Persons: , hasn't, Elon Musk, Tesla, who've, There's, Marques Brownlee, Michael Brooks, Myles Russell Organizations: Service, Business, Traffic, NHTSA, Center for Auto Safety Locations: Nantucket, Canadian
An unfortunate symbiosis has developed between pro-Israel culture warriors like Republican Representative Elise Stefanik and the most self-indulgent fringe of pro-Palestinian campus protesters. Together they are, wittingly or unwittingly, shifting attention from the urgent emergency in Gaza, where Israeli Prime Minister Benjamin Netanyahu is poised to defy the United States and invade the southern city of Rafah, to the much smaller problem of campus antisemitism. The United States has none.” Within the movement, I imagine such rhetoric functions as a sign of total commitment, a no-going-back rejection of hollow liberal pieties. Since 2016, pro-Israel politicians have pushed versions of a bill called the Anti-Semitism Awareness Act, which would codify, for the purpose of enforcing federal civil rights law in higher education, a definition of antisemitism that includes rejection of Israel as a Jewish state. In the past, civil libertarians were able to head such legislation off, but that’s become harder in the current fevered climate.
Persons: Elise Stefanik, Benjamin Netanyahu, , , Panther, Kwame Ture, Stokely Carmichael, Israel, that’s Organizations: Palestinian, Columbia, National Lawyers Guild, United, Senate, Semitism Locations: Israel, Gaza, United States, Rafah, stoke
“Now, post-surgery and post recovery, I am able to see in dimmer lighting with my left eye,” Cook said. A treatment that used CRISPR was found to be safe and efficacious in improving vision among a small sample of patients with inherited blindness in the Phase 1/2 clinical trial that Cook participated in. Months following the treatment, Cook was sitting with friends on a balcony that had Christmas lights wrapped around the railing. Courtesy Olivia CookBefore the treatment, Cook said that she sometimes could conceal the vision challenges she has had. Mass Eye and EarKalberer described the CRISPR treatment as “groundbreaking,” but warned it’s not a cure.
Persons: Olivia Cook, Cook, , ” Cook, , I’ve, “ I’d, you’d, CRISPR, Eric Pierce, Brigham, “ We’re, ” Pierce, Jason Comander, , Michael Kalberer, Kalberer, it’s, “ It’s, It’s, Pierce, Editas, We’re, Art Caplan, ” Caplan, , Vlad Diaconita, ” Diaconita, Dr, Sanjay Gupta, Aliaa Abdelhakim Organizations: CNN, Missouri State University, New England, of Medicine, Mass, Harvard Medical School, Editas Medicine, Perelman School of Medicine, University of Pennsylvania, University of Michigan, University of Miami, Oregon Health & Science University, US Food and Drug Administration, CEP290, pharma, NYU Grossman School, Medicine’s Department of Population Health, Columbia University Vagelos College of Physicians and Surgeons, CNN Health Locations: Springfield, United States, CEP290
CNN —Lando Norris won the first race of his Formula One career, storming to victory at the Miami Grand Prix on Sunday in front of a crowd flooded with celebrities. Sunday’s victory was also McLaren’s first grand prix victory since 2021 – and second in the last 12 years. “He drove perfectly, the car was really fast.”Norris finished 7.61 seconds ahead of second-placed Verstappen to win the 2024 Miami Grand Prix. The F1 season next heads to Italy for the Emilia Romagna Grand Prix with the race weekend starting on May 17. This year’s attendance at the Miami Grand Prix was a sold out 275,000 across the race weekend, according to Formula One.
Persons: CNN — Lando Norris, Max Verstappen, Ferrari’s Charles Leclerc, – Norris, “ I’m, I’ve, ” Norris, , McLaren, Zak Brown, Norris, , ” Brown, Mark Thompson, Verstappen, Brit, , Lando, It’s, it’s, ” Verstappen, Lisa, Blackpink, Tom Brady, Blackpink’s Lisa, Camila Cabello, Ed Sheeran, Anthony Mackie, Patrick Mahomes, Travis Kelce, Odell Beckham Jr, Fred Kerley, Keke Palmer, Daniel Ricciardo, Rudy Carezzevoli, Donald Trump Organizations: CNN, Miami, Prix, McLaren, Sky Sports, Getty, Emilia, Grand Prix, Miami Grand Prix, North, NFL, Miami International, Kansas City Chiefs, Former, Formula One Locations: British, Italy, Grand, North America
Columbia has canceled its main commencement event in the wake of campus protests. AdvertisementColumbia is canceling its main commencement event in the aftermath of protests against Israel's war in Gaza that roiled the campus and ended in dozens of arrests. Columbia said it came to the decision based on feedback from students, and the changes would not impact travel plans for families. Advertisement"Our students emphasized that these smaller-scale, school-based celebrations are most meaningful to them and their families," the university said in a statement. AdvertisementOn Monday, Emory University announced it was moving commencement activities off-campus due to safety concerns.
Persons: , Columbia, Robert Kraft Organizations: Columbia, Service, Ivy League, Lawn, Baker Athletics, Jewish, Associated Press, Emory University Locations: Lawn, Gaza, Columbia, Israel
Three men were found dead in a well in Baja California, Mexico, after being shot on a surfing trip. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThree men in their early 30s have been found dead in a well after being shot in the head while on a surfing trip in Baja California, Mexico. This story is available exclusively to Business Insider subscribers.
Persons: , Callum, Jake Robinson, Jack Carter Rhoad Organizations: Service, Reuters, Business Locations: Baja California, Mexico, Ensenada
Read previewThe Australian government said Monday that a Chinese People's Liberation Army Air Force fighter jet released flares dangerously close to an Australian Defence Force helicopter over the weekend. The PLAAF jet intercepted the Royal Australian Navy MH-60R helicopter attached to HMAS Hobart in the Yellow Sea and "released flares across the flight path of the Australian Defence Force (ADF) helicopter," the Australian government said in a statement. Australian Defense Minister Richard Marles said a Chinese J-10 fighter aircraft popped flares about 300 meters in front of the helicopter and about 60 meters above it, per reporting from the AP. Related stories"This was an unsafe manoeuvre which posed a risk to the aircraft and personnel," the statement said. This isn't the first incident involving a Chinese jet engaging in troubling behavior in the vicinity of an Australian aircraft.
Persons: , Operation, Richard Marles Organizations: Service, Liberation Army Air Force, Australian Defence Force, Royal Australian Navy, ADF, Business, Australian Defense, China, of Defense, Military, Security, U.S Locations: Hobart, North Korea, Chinese, Canberra, Beijing, Australian, China, People's Republic of China
Others, including pro-Israel professors, have sought to build other avenues of support for students. Faculty members at Emory University and Columbia University are among those who have either taken or pushed for no-confidence votes in their school presidents. Some professors, faculty and staff members have gotten caught in police sweeps and arrested as law enforcement has moved to evict students and their tent encampments from campuses. He said the letter came together as colleagues expressed outrage over seeing some of their students caught in the clash and not receiving a response from some administrators when they pleaded for intervention. “There was a very clear sense from very early on, even as things were happening yesterday, that some response was imperative — that we couldn’t let something like this go unanswered,” he said.
Persons: Jim Ryan, Ian Baucom, Annelise Orleck, , , Erik Linstrum, “ there’s, Brian Coy, Ryan, Baucom, , ” Mr, Coy, Laura Goldblatt, they’re, Thomas Jefferson, Linstrum Organizations: University of Virginia, Israel, Emory University, Columbia University, Dartmouth College Locations: Charlottesville, Gaza, aggress
At 62, it feels like I'm going to be working forever as a freelancer. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . I wasn't so focused on rebuilding my life that I forgot about how close I was to the traditional retirement age. By making that choice, I faced the fact that I'd never be able to retire unless I remarried well or won the lottery. And at the age of 62 and one month, I made another move financial advisors tell you not to do: I started drawing my Social Security.
Persons: I've, , I'd, I'm, Ernest Hemingway Organizations: Service, Security Locations: Europe, Slovenian
A judge on Monday delivered a dire warning to Donald Trump: Stop violating the court's orders, or you will be thrown in jail. "I do not want to propose a jail sanction," Merchan said, but "that I will, if necessary." But he said he would not hastily take the drastic step of throwing Trump in jail for his continued contempt. Prosecutors then called to the witness stand Jeff McConney, the former longtime controller of the Trump Organization. McConney, who worked under the company's former chief financial officer Allen Weisselberg, previously gave emotional testimony in a New York civil business fraud trial against Trump.
Persons: Donald Trump, Stormy Daniels, Juan Merchan, Merchan, Trump, Jeff McConney, McConney, Allen Weisselberg Organizations: Trump, Prosecutors, Trump Organization, White Locations: Manhattan, New York City, U.S, United States, New York
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