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☆ Opinion: Credibility is the key at Trump trial
▼ + stars: | 2024-05-19 | by ( Richard Galant | ) edition.cnn.com time to read: +21 min

The idea that Cohen talked to Trump about Daniels on that call “was a lie,” Blanche alleged. Moreover, my experience has been that juries don’t decide based upon one moment — they base their judgment on an overall view.”There were allegedly three parties aware of the scheme to conceal the real reason Trump paid Cohen more than $400,000 in supposed legal fees: Trump, Cohen and Allen Weisselberg, then-chief financial officer of the Trump Organization. “Weisselberg could be the linchpin to validate Cohen’s claims about Trump agreeing to reimburse him through Trump Organization, as a business expense,” wrote attorney Stacy Schneider. Trump seems to be tempted to go mano a mano and show that he is better fit to be commander-in-chief. The new requirement for GOP politicians wanting to demonstrate their loyalty to Trump seems to be visiting the Manhattan courthouse where he’s on trial.

Persons: CNN —, ” Mark Twain, “, Twain, ” Michael Cohen, Donald Trump, —, Trump, Stormy Daniels, Todd Blanche, Cohen, Norm Eisen, Blanche, ”, pummeled Cohen, Robert Mueller, Nick Anderson, Agency Cohen, Keith Schiller, Daniels, ” Blanche, ” Eisen, don’t, Allen Weisselberg, Stacy Schneider, Weisselberg, David Zurawik, “ I’ve, Sen, Robert Menendez, He’s, George Santos ., CNN “ It’s, he’s, ‘, Henry Cuellar, ” Cupp, Drew Sheneman, Georgia —, Vladimir Putin’s, Frida Ghitis, ” Ghitis, Joe Biden’s, ” Dana Summers, “ Biden, ” Julian Zelizer, mano, Biden, ” Bill Bramhall, Stephanie Griffith, Howard Tucker, Gayle Fleming, Michael Ventura Gayle Fleming, Biden —, ” Tom Brady’s, Kara Alaimo, Tom Brady “, Kevin Hart, Gisele Bündchen, Brady, Benjamin, Vivian, ’ Brady, ’, Alaimo, Brady didn’t, Nafees Syed, Kamel El Hilali, Andrew Borene, freakout Scott Stantis, Jeff Yang, … ” Brown, Keith Magee, Brown, backpedaling, Forget, Doug Burgum, Scott Jennings, Burgum’s, Bill Bramhall, Content Agency Clarence Thomas Washington, Clarence Thomas ’, Dean Obeidallah, Thomas, Harlan Crow, ” Clay Jones, John Oliver’s, Steve Vladeck, “ Thomas, ” Don’t, Clayton Swope, Dan Perry, Netanyahu, Jill Filipovic, Miss Teen USA Mary Ziegler, Bob Kolasky, Megan L, Ranney, Karen Tang, Halle Berry, Naomi Watts, Jonathan Yeo, King Charles III, Aaron Chown, Holly Thomas, King Organizations: CNN, Trump, Tribune, Agency, Trump Organization, Twitter, Facebook, DC, Robert Menendez of New, GOP, ” Texas, White, Europe, Russia, Kyiv, Biden, ABC, Democratic Party, Netflix, Garden State, Content Agency, Capitol, Consumer Financial, Board, Fifth Circuit, ICC, Miss USA, Miss Teen USA, Buckingham Palace, Royal Locations: New York, Robert Menendez of, Robert Menendez of New Jersey, Russian, Ukraine, Slovakia, Georgia, Soviet Republic, United States, Cleveland, “, Manhattan, North, . North Dakota, ” That’s, Louisiana , Mississippi, Texas, Florida’s, Buckingham

☆ Soaring debt and deficits causing worry about threats to the economy and markets
▼ + stars: | 2024-05-19 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

The federal IOU is now at $34.5 trillion, or about $11 trillion higher than where it stood in March 2020. Concern over such eye-popping numbers had been largely confined to partisan rancor on Capitol Hill as well as from watchdogs like the Committee for a Responsible Federal Budget. Uncharted territory for debt and deficitsIndeed, the CBO numbers are ominous, as they outline the likely path of debt and deficits. Surging budget deficits have been driving the debt, and the CBO only expects that to get worse. "The huge obvious problem is that the U.S. federal debt is now on a completely unsustainable long-term trajectory," analysts at Wolfe Research said in a recent note.

Persons: Greenlee Beal, Jerome Powell, Powell, Jamie Dimon, Ray Dalio, hasn't, Wolfe Organizations: U.S, Capitol, Wall, CBO, Union, JPMorgan Chase, Sky News, Bridgewater Associates, Financial Times, Treasury Department, Wolfe Research, U.S ., Federal Reserve Locations: Washington , U.S, Washington, Amsterdam, London, America, U.S

☆ Blue Origin launch of tourism rocket will end nearly 2-year hiatus
▼ + stars: | 2024-05-19 | by ( Deblina Chakraborty | Jackie Wattles | ) edition.cnn.com time to read: +7 min

CNN —Blue Origin’s tourism rocket is poised to launch passengers to the edge of space for the first time in nearly two years, ending a hiatus prompted by a failed uncrewed test flight. The New Shepard rocket and capsule are set to lift off during a window that opens at 8:30 a.m. CT (9:30 a.m. New Shepard’s 2022 failureA New Shepard rocket and spacecraft were set to launch a batch of science instruments on September 12, 2022. The New Shepard capsule, which rides atop the rocket, then initiated its launch abort system — firing up a small engine to blast itself safely away from the malfunctioning rocket. Blue OriginNo injuries were reported on the ground, and Blue Origin said the science payloads and the capsule could be flown again.

Persons: Jeff Bezos, Mason Angel, Sylvain Chiron, Kenneth L, Hess, Carol Schaller, Gopi Thotakura, Ed Dwight, John F, Kennedy, Dwight, “, ” Dwight, Bob Levey, Shepard program’s, Max Q, Shepard, New Shepard, Lex Fridman, Bezos, ”, William Shatner, Michael Strahan, Madeline Holcombe Organizations: CNN, Shepard, US Air Force, Aerospace Research Pilot School, Air Force, NASA, Corps, Geographic, Origin, New, Federal Aviation Administration, FAA, U.S Export Control, New Shepard, “, America Locations: West Texas, Houston, New

☆ Jeff Bezos' 3 private jets are worth $140 million and include 2 Gulfstream G650ERs alongside a hangar in Seattle
▼ + stars: | 2024-05-19 | by ( Pete Syme | ) www.businessinsider.com time to read: +4 min

The world's second-richest person owns three private jets, according to public records seen by Business Insider and data from JetSpy. AdvertisementThe cabin of a Gulfstream G650ER. The light business jet with 10 seats was manufactured in 2020 and usually costs about $9 million. How Bezos' jets are kept privateProving Bezos' ownership of the jets isn't simple. A Gulfstream G650ER.

Persons: —, Jeff Bezos, — Elon Musk, Bill Gates, Taylor Rains, Bezos, Robert Smith, Poplar, Paul Dauber, Taylor Swift, FlightAware, It's, Jack Sweeney Organizations: Service, Business, Gulfstream, Miami, Seattle, Federal Aviation Administration, TVPX Aircraft Solutions, Getty, FAA, Bezos, Dassault Falcon, Poplar Glen, Boeing Field, BI, Puget Sound Business, Costco, Royce, Forbes Locations: JetSpy, Miami, Cape Town, Dubai, Beijing, Australia, Asia, Bezos, Poplar Glen, Washington, Poplar Glen's, Seattle

☆ Scottie Scheffler was arrested, then came back to shoot 5-under par at the PGA Championship
▼ + stars: | 2024-05-19 | by ( Ramon Sanchez | Ray Sanchez | ) edition.cnn.com time to read: +11 min

John Mills enjoyed working security at Valhalla Golf Club, his family says. 1 golfer Scottie Scheffler was handcuffed by police Friday morning. When Scheffler exited the vehicle, the officer shoved Scheffler against the car and immediately placed him in handcuffs.”Darlington attempted unsuccessfully to intervene. “The police officers around the patrol car in which Scottie Scheffler was in had no idea he was even Scottie Scheffler,” Darlington said on air. He was proceeding as directed by another traffic officer and driving a marked player’s vehicle with credentials visible,” Romines said in a statement, referring to Scheffler.

Persons: Scottie Scheffler, Scheffler, didn’t, John Mills, ”, “, ” Scheffler, Mills, Craig Greenberg, ” Mills, Collin Morikawa, Bryan Gillis, Gillis, ” Scheffler “, abrasions, Jeff Darlington, Scheffler “, ” Darlington, Darlington, …, ’, Steven Romines, Romines, Scottie, Josh Abner, Mike O’Connell, Andrew Redington, “ Let’s, ’ ” Scheffler Organizations: CNN, PGA, Valhalla Golf, Louisville Metro Police Department, WDRB, Valhalla Golf Club, Lexus, ESPN, Police, “ Locations: Louisville , Kentucky, Shelbyville, Valhalla, ” Darlington, Louisville, “, Jefferson County

☆ 3 reasons why buying copper right now is the best trade one commodity expert has ever seen
▼ + stars: | 2024-05-19 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Copper "is the most compelling trade I have ever seen," Carlyle's Jeff Currie said on the Odd Lots podcast. He thinks the metal's massive mismatch in supply and demand could push its price up to $15,000 a ton. AdvertisementCopper supply issues are making the metal considerably more expensive, says commodities veteran Jeff Currie, who is very bullish on the opportunity. He later added: "I just quote many of our clients and other market participants say it's the highest conviction trade they've ever seen." Though not necessarily part of his acronym, artificial intelligence is also amplifying industry demand, Currie mentioned.

Persons: Carlyle's Jeff Currie, Currie, —, Jeff Currie, Carlyle, Currie —, Goldman Sachs, policy's, copper's, deglobalization Organizations: Industry, Service, Bloomberg, US, BHP Locations: China, Panama

☆ Amazon CEO: An 'embarrassing' amount of your success depends on this one skill
▼ + stars: | 2024-05-19 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

The trick to getting ahead at work isn't being the fastest learner or the smartest in the room — it's having a positive attitude, says Amazon CEO Andy Jassy. Jassy, who took the top job at Amazon after Jeff Bezos stepped down in 2021, shared his "best career advice" in a new interview with LinkedIn CEO Ryan Roslansky. "I think an embarrassing amount of how well you do, particularly in your 20s, has to do with attitude," Jassy, 56, said. Having a positive attitude means you work well on a team and honor deadlines, among other strengths. Regardless of where you're at in your career, having a positive attitude can help you build stronger relationships in the workplace.

Persons: isn't, Andy Jassy, Jassy, Jeff Bezos, Ryan Roslansky, It's, Jeff Organizations: Amazon, Research, CNBC

☆ The evolutionary twist that could have helped dinosaurs rule Earth
▼ + stars: | 2024-05-18 | by ( Katie Hunt | ) edition.cnn.com time to read: +6 min

New research this week is adding fresh detail to one of paleontology’s biggest questions: Did dinosaur blood run hot or cold? Clues from fossilized eggshells and bones have now suggested that some dinosaurs were warm-blooded and others were not. Reinhard Dirscherl/ullstein bild/Getty ImagesMarine scientists have used artificial intelligence to decode previously unknown complexity in the calls of sperm whales. The whales produced a catalog of clicking sounds, which the researchers described as akin to a “phonetic alphabet” for sperm whales. What sperm whales are saying with their clicks remains a mystery to human ears, but understanding the scope of their vocal exchanges is an important step toward linking their calls with specific behavior.

Persons: Dinos, Davide Bonadonna, Jeff Lichtman, Reinhard Dirscherl, Napoleon Bonaparte, Ashley Strickland, Katie Hunt Organizations: CNN, Vigo, UCL, Google Research, Lichtman, Harvard University, Google, Harvard, Northern, Central America, Getty Images Marine, —, Heritage, CNN Space, Science Locations: Universidade, North America, Scandinavia, Europe, Central, India, Dover, England

☆ PGA Championship: Shane Lowry comes within inches of major scoring record as Scottie Scheffler splutters
▼ + stars: | 2024-05-18 | by ( Jack Bantock | ) edition.cnn.com time to read: +4 min

I knew what was at stake,” Lowry, chasing a second major crown after Open Championship glory in 2019, told reporters. Lowry is among the chasing pack bunched behind the American trio, joined by 2020 US Open champion Bryson DeChambeau and Norway’s world No. Just five strokes separate Schauffele and Morikawa from the six golfers level in tied-10th. Matt York/APScheffler slidesYet tournament favorite Scottie Scheffler, one shot behind Spieth in tied-24th, will require even greater heroics after enduring a grueling two-over 73. ET (5:15 p.m. BST) Sunday, with leading duo Schauffele and Morikawa the last pair out at 2:35 p.m.

Persons: Shane Lowry, Collin Morikawa, Xander Schauffele, Lowry, “, ” Lowry, ”, Andy Lyons, Schauffele, Rickie Fowler, Africa’s Branden Grace, Morikawa, ” Schauffele, ” Morikawa, Theegala, Bryson DeChambeau, Viktor Hovland, Jordan Spieth, Matt York, Scottie Scheffler, Spieth, Ted Scott, toiled, Scheffler, Jeff Roberson, Mark Hubbard Organizations: CNN, PGA, Golf, –, “, Getty Locations: Lousville

☆ The Fed can 'afford to be more patient' with rate cuts, strategist says
▼ + stars: | 2024-05-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed can 'afford to be more patient' with rate cuts, strategist saysJeff Ng, head of Asia macro strategy at Sumitomo Mitsui Banking Corporation, discusses the monetary policy divergence between the United States and Europe.

Persons: Jeff Ng Organizations: Sumitomo Mitsui Banking Corporation Locations: Asia, United States, Europe

☆ Uyghur forced labor: US blocks imports from 26 Chinese textile firms
▼ + stars: | 2024-05-17 | by ( ) edition.cnn.com time to read: +2 min

Washington (Reuters) — The United States has barred imports from 26 Chinese cotton traders or warehouse facilities on Thursday as part of its effort to eliminate goods made with the forced labor of Uyghur minorities from the US supply chain. US officials believe Chinese authorities have established labor camps for Uyghurs and other Muslim minority groups in China’s western Xinjiang region. “The so-called ‘Uyghur Forced Labor Prevention Act’ is just an instrument of a few US politicians to disrupt stability in Xinjiang and contain China’s development,” the spokesperson said. Washington has restricted imports from 65 entities since the Uyghur Forced Labor Prevention Act Entity List law was passed in 2021, according to the department. “We enthusiastically endorse DHS’s action today to nearly double the Uyghur Forced Labor Prevention Act’s ‘Entity List’ — while recognizing that the current list remains only a fraction of the businesses complicit in forced labor,” Representative Chris Smith and Senator Jeff Merkley, chairs of the bipartisan Congressional-Executive Commission on China, said in a statement.

Persons: ” Alejandro Mayorkas, “, Chris Smith, Jeff Merkley Organizations: Washington, Reuters, Uyghur, Labor, US Department of Homeland Security, Homeland Security, Congressional, Commission, DHS Locations: United States, China’s Xinjiang, China’s, Xinjiang, Beijing, Washington, China, Asia

☆ The best and the worst sectors in the stock market in this recording-setting week
▼ + stars: | 2024-05-17 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market wrap: It's day two of muted action in the market, which was trading in a tight range on a light news day to close out the week. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, we're, OpenAI, Deere, Ralph Lauren, Jim Cramer's, Jim Organizations: CNBC, Tech, Devices, Broadcom, Nvidia, Microsoft, Palo Alto Networks, Palo, Walmart, TJX, Target, Williams, Coterra Energy, Jim Cramer's Charitable Locations: Palo Alto, Sonoma, Truist

☆ The Trump hush-money trial is thrusting reporters into an uncomfortable spotlight
▼ + stars: | 2024-05-17 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

New York CNN —The Donald Trump hush money trial is dragging reporters into uncomfortable territory and laying bare the complicated relationships journalists often have with sources. Michael Cohen, who continued to testify Thursday, invoked from the stand the names of several high-profile media figures, putting their relationships with the former Trump fixer in the spotlight. Cohen named The New York Times’ Maggie Haberman and MSNBC’s Katy Tur as reporters which he had established relationships with. And he spoke about having recorded dozens of phone calls with media figures, including former CNN boss Jeff Zucker. That reporters are playing a starring role in the trial is also a function of the Trump years.

Persons: Donald Trump, Michael Cohen, Cohen, Maggie Haberman, Katy Tur, John Santucci, Stormy Daniels, Jeff Zucker, Haberman, Trump, —, It’s, Todd Blanche Organizations: New York CNN, Trump fixer, The New York Times, ABC, CNN, Trump, Queens Locations: New York

☆ Top Street analyst is right about the stock of this off-price retailer: It's a buy
▼ + stars: | 2024-05-17 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

A top Wall Street analyst's stellar endorsement of TJX Companies makes us want to buy more shares of the discount retailer. Matt Boss of JPMorgan — Jim Cramer's favorite retail analyst — said Friday that several off-price retailers, including Ross Stores , Burlington Stores , and Club holding TJX, were buys. One possible catalyst for TJX stock is the company's quarterly earnings report this coming Wednesday before the opening bell. Part of the reason is also the growing appeal in off-price retailers and discounters as consumers in higher and higher income brackets seek value. "I continue to think that Costco is the stock to buy off of Walmart," Jim said Thursday.

Persons: Matt Boss, JPMorgan, Jim Cramer's, —, Boss, HomeGoods —, Jim, TJX, Walmart's, Jim Cramer, Jeff Greenberg Organizations: TJX Companies, Ross Stores, Burlington Stores, JPMorgan, Walmart, Costco, TJX, CNBC, Universal, Getty Locations: Maxx, Port St Lucie , Florida

☆ Opinion: The latest version of ChatGPT is creepy — and appealing
▼ + stars: | 2024-05-17 | by ( Opinion Jeff Yang | ) edition.cnn.com time to read: +8 min

Jeff Yang CNNLike its predecessors, GPT-4o is trained on enormous quantities of data to process queries, recognize patterns and deliver helpful responses. Watching the reveal, I found myself involuntarily gasping as researchers Mark Chen and Barret Zoph showed off GPT-4o’s new chops. The freakout aspect of the reveal came from how it demonstrated that GPT-4o isn’t just a tool — it’s a tool with personality. On the one hand, having the option to interrupt your AI chatbot when it’s going astray saves time. On the other, watching dudes repeatedly talking over a female-reading chatbot made it abundantly clear why you can’t spell “mansplain” without AI.

Persons: Jeff Yang, Bruce ”, “, Jeff Yang CNN, Mark Chen, Barret Zoph, Chen, Mira Murati, Parmy Olson, ”, Desi Lydic, …, Sam Altman, it’s, Siri, ” chuckling, Altman, Spike Jonze’s, Joaquin Phoenix, Scarlett Johansson, Marc Benioff, Johansson, chatbot, mansplain Organizations: CNN, omni, Zoph . Media, Bloomberg, “, Twitter, Boston Dynamics Locations: Asian America, America, omnimodal

☆ Friday, May 17, 2024: Jim Cramer explains why he wants this chemical stock holding to come down more
▼ + stars: | 2024-05-17 | by ( ) www.cnbc.com time to read: 1 min

Friday, May 17, 2024: Jim Cramer explains why he wants this chemical stock holding to come down moreJim and Jeff discuss the analyst call of potential volatility for this semiconductor stock. They also talk about the analyst upgrade of this chemical maker. Finally, they discuss this cybersecurity stock.

Persons: Jim Cramer, Jim, Jeff

☆ Scottie Scheffler arrested outside PGA Championship and charged with assault on police officer
▼ + stars: | 2024-05-17 | by ( Jillian Martin | Michelle Krupa | ) edition.cnn.com time to read: +4 min

1 golfer and Masters champion Scottie Scheffler is facing four charges following his arrest outside the PGA Championship in Louisville, Kentucky, Friday morning. Video from Darlington shows police walking with Scheffler, who was in handcuffs, and placing him into a police vehicle. When Scheffler exited the vehicle, the officer shoved Scheffler against the car and immediately placed him in handcuffs,” Darlington posted on X. Scheffler was in a marked player courtesy vehicle, Darlington said on ESPN. PGA Championship organizers announced Friday’s second round would be delayed “due to an accident near the course” and said general public shuttles to the course have resumed. Scheffler last week stepped away from competitive action to be with wife Meredith as she gave birth to the couple’s first child, Bennett.

Persons: Scottie Scheffler, Scheffler, –, He’s, ” Scheffler, ESPN’s Jeff Darlington, ”, “ Scheffler, ” Darlington, Darlington, Friday’s, Dave Flemming, Jeff Darlington, Arnold Palmer, Augusta –, Meredith, Bennett, “ Organizations: CNN, PGA, Louisville Metro Department of Corrections, Scheffler, America, “, Valhalla Golf, Darlington, ESPN, WAVE, Arnold Palmer Invitational, RBC Heritage Locations: Louisville , Kentucky, Jefferson County, Valhalla, Scheffler, Louisville

☆ Jeff Bezos' Blue Origin is about to fly people to space for the first time in 2 years. Here's why it took so long.
▼ + stars: | 2024-05-17 | by ( Jessica Orwig | ) www.businessinsider.com time to read: +6 min

Read previewJeff Bezos' private space company, Blue Origin, recently announced its plans to launch a crew of six aboard its New Shepard rocket this Sunday. Still, late last year, Jeff Bezos told Lex Fridman on Fridman's podcast that "Blue Origin needs to be much faster." About one minute into the flight, Blue Origin lost the first-stage booster due to a faulty nozzle in the booster's engine. Blue OriginVirgin Galactic and Blue Origin are both in the suborbital space tourism business. Bezos says Blue Origin's culture isn't fast enoughJeff Bezos founded Blue Origin in 2000.

Persons: —, Jeff Bezos, Sara Sabry, Lex Fridman, Shepard, New Shepard, That's, ULA, Ted S, Warren, Bezos, Fridman Organizations: Service, Shepard, Business, Virgin Galactic, SpaceX, Origin, Federal Aviation Administration, Italian Air Force, Virgin, Glenn, United Launch Alliance, Rocket, NASA, US Space Force, AP Locations: Texas, New, Glenn, ULA

☆ Stylist Holly White got her start waitressing and interning at Vogue. Now, she's transforming 'Bridgerton' actors into fashion stars.
▼ + stars: | 2024-05-17 | by ( Amanda Krause | ) www.businessinsider.com time to read: +7 min

Read previewWearing a school uniform never worked for Holly White. "I was assisting fashion assistants, and I knew immediately that I'd fallen in love with styling," White said of her time at the magazine. India Amarteifio and Holly White. Charithra Chandran attends a Vogue and Netflix event in a look styled by Holly White. "We're having conversations about the directions we want to go, when we want to push certain silhouettes, what we want to say with certain looks," White said.

Persons: —, Holly White, White, I'd, Mary, Kate, Ashley Olsen, Tim Walker, wasn't, Luke Newton, Tom Hiddleston, Loki, Milly Alcock, Holly White White, Amarteifio, Tolu Coker, India Amarteifio, Kayla Oaddams, Charithra Chandran, Jeff Spicer, Newton, They've, Luke, Jamie McCarthy Organizations: Service, Business, London College of Fashion, Vogue, Netflix, Newtown, Getty Locations: London, India, British, Nigerian, Amarteifio

☆ Scottie Scheffler climbs PGA Championship leaderboard hours after arrest
▼ + stars: | 2024-05-17 | by ( Brody Miller | ) www.nytimes.com time to read: +6 min

Scheffler faces charges of second-degree assault of a police officer, third-degree criminal mischief, reckless driving and disregarding traffic signals from an officer directing traffic. Scheffler’s arraignment is scheduled for Tuesday at 9 a.m., according to online court records, two days after the PGA Championship is scheduled to end. The PGA of America and Louisville Mayor Craig Greenberg said in separate statements that their primary concern was with Mills’ family. AdvertisementWhen Scheffler stopped the car, an officer opened the door to arrest him, Darlington reported. Scheffler, the defending Masters champion and winner of four of his last five starts, entered Friday tied for 12th place.

Persons: — Scottie Scheffler, Scheffler, ” Scheffler, John Mills, Louisville Mayor Craig Greenberg, Mills, ” Greenberg, “, ”, ESPN’s Jeff Darlington, Scheffler “, Bryan Gillis, Gillis, Darlington, ” John Bradley, ‘ I’m, I’m, Steven Romines, teed, — Ben Burrows, Michael Reaves Organizations: PGA, Golf, Louisville Metro Police, America, Louisville Mayor, ” Police, Louisville Police Department, Louisville Metropolitan Department of Corrections, Louisville, Louisville police Locations: LOUISVILLE, Ky, Louisville, Valhalla

☆ As the 2024 Race Heats Up, Betting Is Growing for Everything but Elections
▼ + stars: | 2024-05-17 | by ( Jeff Sommer | ) www.nytimes.com time to read: +1 min

I can’t watch a basketball game on TV without seeing ads urging me to place a bet on one app or another. I can’t walk down the street in New York City without seeing ads about the latest lottery jackpot. And when I sit at my desk in the office, I spend hours studying another type of betting — trading in financial markets, where you can place wagers on companies, bonds, commodities and derivatives of all descriptions. Yet the most consequential betting of all — wagers on elections in the United States — may soon be shut down by regulators. And the commission’s proposed new rule would give it the power to block trading on a broad range of other subjects.

Persons: United States — Organizations: Futures, Commission Locations: New York City, United States

☆ Here's what has driven the Dow rally to 40,000, and why it could keep going
▼ + stars: | 2024-05-17 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

Traders work on the floor of the New York Stock Exchange on May 16, 2024. Passing major milestones like the 40,000 barrier the Dow Jones Industrial Average eclipsed this week makes for a nice headline, but market experts don't take much else from the move. Forty thousand "is a great milestone, but [at the] end of the day there isn't much difference between 39,999 and 40k," said Ryan Detrick, chief market market strategist at Carson Group. But the "Waiting for Godot" economic retrenchment never happened, despite wobbly corporate profits and other headwinds. Those factors outweighed queasiness over where the Federal Reserve was headed with monetary policy amid inflation that has proved surprisingly sticky.

Persons: Ryan Detrick Organizations: New York Stock Exchange, Dow Jones, Carson Group, Wall Street, Federal

☆ How to buy a put spread on the Nasdaq as a portfolio hedge
▼ + stars: | 2024-05-17 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +2 min

I want to focus on the Invesco QQQ Trust (QQQ) tracking the Nasdaq 100 as the majority of this year's gains in the S & P 500 are derived from Magnificent 7 constituents. The tech-heavy Nasdaq 100 has more beta than the S & P 500 and has the potential to increase rewards if this downside protective trade pays off. This trade is looking for roughly a 5% pullback to cover the cost of owning this put spread. The Trade Bought the 6/28/24 $437 put for $3.50 Sold the 6/28/2024 $420 put for $1.45 Total cost of this debit spread is $2.05 or $205 per one lot spread In the event the Nasdaq 100 continues to make new all-time highs, this spread will expire worthless But hopefully the Nasdaq 100 exposure you have in your portfolio will more than cover the cost of this hedge. DISCLOSURES: (Kilburg owns this spread) THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY .

Persons: Kilburg Organizations: Nasdaq

☆ How ESPN’s Jeff Darlington landed at the center of the Scottie Scheffler arrest story
▼ + stars: | 2024-05-17 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +4 min

Darlington and Scheffler had arrived at the course around the same time in preparation for the tournament. In a video posted on X an hour later, Darlington follows the police officers as they lead Scheffler away. He’s going to jail and there’s nothing you can do about it.” one officer told Darlington, referring to Scheffler. “The police officers around the patrol car in which Scottie Scheffler was in had no idea he was even Scottie Scheffler,” Darlington clarified on air. Attorney Steve Romines, who represents Scheffler, told CNN affiliate WLKY that the golfer bypassed police because of a misunderstanding.

Persons: Jeff Darlington, Scottie Scheffler, Scheffler, Darlington, –, ”, Dave Fleming, ” Darlington, ” Scheffler, He’s, Steve Romines, “, they’d, ” Romines Organizations: New, New York CNN, ESPN, PGA, Darlington, CNN, Louisville Metro Department of Corrections, WLKY, Valhalla Golf Locations: New York, Louisville , Kentucky, Scheffler, Valhalla, Darlington, Jefferson County

☆ Some data in the market-moving CPI report was released early by the Labor Department
▼ + stars: | 2024-05-16 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Information about Wednesday's critical consumer price index release circulated early on the Bureau of Labor Statistics website, according to a statement from the agency. The statement provided few details but noted that the Labor Department agency has notified the Office of Management and Budget and the department's Office of the Inspector General. There was no other information provided concerning the early release of the CPI, a key inflation indicator that showed another increase in April, though slightly less than what the Wall Street consensus had anticipated. ET release, though there was little unusual activity in the half-hour prior, indicating that the early release was not widely seen and did not materially impact trading. Core inflation, which excludes food and energy, ran at a 0.3% rate monthly rate and 3.6% annually, the lowest since April 2022.

Persons: Wednesday's, Peter Boockvar, Trump, Boockvar, Stocks Organizations: Bureau of Labor Statistics, BLS, Labor Department, Management, Budget, CPI, Bleakley Locations: Washington

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