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☆ IMF's Kammer: Positive outlook on Europe, soft landing expected
▼ + stars: | 2024-05-10 | 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 EmailIMF's Kammer: Positive outlook on Europe, soft landing expectedAlfred Kammer, director of the European department at the IMF, speaks to CNBC's Karen Tso at the IMF's Spring Meetings.

Persons: Alfred Kammer, Karen Tso Organizations: IMF Locations: Europe

☆ Have You Made an A.I. Friend Yet?
▼ + stars: | 2024-05-09 | by ( Kevin Roose | Karen Hanley | ) www.nytimes.com time to read: 1 min

2:53Why Donald Trump Is Frustrated With His LawyersNOW PLAYINGHave You Made an A.I. Friend Yet? 2:40Stormy Daniels Tells Her Story of Sex With Trump1:50Jury Sees Trump’s Checks in Hush-Money Case1:59Our Reporter on Safety at the Kentucky Derby1:25Our Reporter on the Cicada Lifecycle1:38Trump and Hope Hicks Meet Again as She Testifies in Hush-Money Trial2:25University of Chicago President Says Pro-Palestinian Encampment ‘Cannot Continue’2:32Evangelical Latinos Shift Toward the Republican Party1:57Jury Hears Tape of Trump and Cohen Discussing Hush-Money Deal2:47Words and Consequences in the Trump Trial2:06

Persons: Donald Trump, Daniels, Trump, Hope Hicks, Cohen Organizations: NOW, Trump, Kentucky Derby, University of Chicago, Republican Party

“They have chased down Jewish students. They have screamed at those who bear the Star of David.”Former President Donald J. Trump chimed in. Jewish students have been shouted at to return to Poland, where Nazis killed three million Jews during the Holocaust. There are chants and signs in support of Hamas, whose attack on Israel sparked the current war. A leader of the Columbia protests declared in a video that “Zionists don’t deserve to live.”

Persons: Mike Johnson, ”, jeers, David . ”, Donald J, Biden, “, Israel, don’t Organizations: Columbia University, Trump, Truth, Republicans, Columbia Locations: Gaza, Poland, Israel

☆ Chinese Magnate in Straw Donor Scheme Agrees to Leave U.S. in Plea Deal
▼ + stars: | 2024-05-09 | by ( Karen Zraick | Bianca Pallaro | ) www.nytimes.com time to read: +1 min

A Chinese entertainment magnate who pleaded guilty to making more than $10,000 in illegal political campaign donations to three candidates, agreed in federal court on Thursday to give up his green card and leave the United States. Hui Qin, 55, had been in jail in Brooklyn since his arrest in October. One of the candidates was Mayor Eric Adams, according to two people familiar with the case, though none of the campaigns knew the donations were illegal, prosecutors said. In March, Mr. Qin pleaded guilty to charges of making campaign contributions in the names of others, immigration fraud and producing false identification. His company collapsed, he was the target of lawsuits and his wife, Emma Liu, left him, Mr. Mazurek said.

Persons: Hui Qin, Eric Adams, Qin, Henry Mazurek, Joan M, ”, Emma Liu, Mazurek Organizations: Mr Locations: United States, Brooklyn, Long, China

☆ Lily Allen calls out the 'nepo baby' label for almost always being used against women, likening it to the term 'Karen'
▼ + stars: | 2024-05-09 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +1 min

Lily Allen compared the "nepo baby" label to being called a "Karen" on her podcast. Allen has previously called out the emphasis on celebrity nepo babies over those in other industries. AdvertisementBritish singer Lily Allen called out the "nepo baby" label on her podcast "Miss Me?" Allen said she's called a nepo baby "all the time," as the daughter of British actor Keith Allen. Whereas, she said, her brother, Game of Thrones actor Alfie Allen rarely gets called a nepo baby.

Persons: Lily Allen, Karen, Allen, —, it's, she's, Keith Allen, Alfie Allen, Miquita Oliver Organizations: Service Locations: British

☆ London's elite Garrick Club votes to allow women for the first time
▼ + stars: | 2024-05-08 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

LONDON — Members of Britain's exclusive all-male Garrick Club has reportedly voted to permit women to join the institution for the first time in its 193-year history. The historic vote comes after the club has been under immense scrutiny over recent weeks following the publication by the U.K.'s Guardian newspaper of some of the elite club's most influential members. The closely-guarded membership list showed the club to be an emblem of Britain's patriarchal establishment, with the majority of members white and aged over 50. Notable public figures from the arts, including actors Benedict Cumberbatch and Brian Cox, were also named. The Garrick Club, named after the 18th-century actor David Garrick, was founded in 1831 as a place where "actors and men of refinement and education might meet on equal terms," according to a statement on the club's website.

Persons: Garrick, King Charles III, Benedict Cumberbatch, Brian Cox, David Garrick Organizations: U.K, Secret Intelligence Service, Garrick Locations: London

☆ My son died 15 years ago while playing in a pool. It changed me.
▼ + stars: | 2024-05-08 | by ( Karen Cohn | ) www.businessinsider.com time to read: +5 min

The author's son's arm got stuck in a pool drain. It is not just a summertime issue; water safety is essential 365 days a year. First, pool drains should comply with drain safety laws, which we helped enact after Zachary's death. Finally, a secured pool cover that can withstand the weight of a child is another safety option. In addition to physical barriers around pools, it's vital to equip families with the skills necessary for a lifetime of water safety.

Persons: Zachary, Brian, Tragically, ZAC Camps Organizations: Service, Business, ZAC Foundation Locations: Sydney

☆ Yields still have an upside from here, says Bridgewater's Karen Karniol-Tambour
▼ + stars: | 2024-05-07 | 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 EmailYields still have an upside from here, says Bridgewater's Karen Karniol-TambourKaren Karniol-Tambour, Bridgewater co-chief investment officer for sustainability, joins 'Money Movers' to discuss the bond market, equities, and the Fed.

Persons: Bridgewater's Karen Karniol, Karen Karniol Organizations: Bridgewater Locations: Tambour

☆ Live Updates: Trump’s Criminal Trial Speeds Along, With Few Key Witnesses Remaining
▼ + stars: | 2024-05-06 | by ( Ben Protess | Jonah E. Bromwich | ) www.nytimes.com time to read: +6 min

The Manhattan district attorney has charged Mr. Trump, 77, with falsifying 34 business records to hide a $130,000 payment to Stormy Daniels, a porn star who says she and Mr. Trump had a tryst in 2006 while he was married. Mr. Trump, the first American president to face criminal prosecution, has denied the charges and says he did not have sex with Ms. Daniels. Here are five takeaways from Mr. Trump’s 11th day, and third week, on trial:A scandalous recording resurfaces. Ms. Hicks recalled consulting with Michael D. Cohen, Mr. Trump’s former lawyer and fixer, who eventually paid Ms. Daniels to keep quiet. On Thursday, prosecutors presented four more incidents and called Mr. Trump’s statements “corrosive.” Mr. Trump’s legal team argued that he was merely responding to political attacks.

Persons: Hope Hicks, Donald J, Trump, Gasps, Trump’s, Hicks, Stormy Daniels, Daniels, Ivanka, Donald Trump’s, Billy Bush, Mark Makela, Juan M, ” Mr, “, Karen McDougal, McDougal, Michael D, Cohen, —, Keith Davidson, Hillary Clinton, Davidson, Mr, Doug Mills, Clinton, ”, Justice Merchan, Merchan Organizations: White, White House, The Washington Post, ”, The New York, The, Wall Street, The National Enquirer, Trump, Manhattan Criminal, New York Times, Prosecutors, Mr Locations: Manhattan, Los Angeles

CNN —Judge Juan Merchan has found former President Donald Trump in contempt for violating the gag order in his hush money trial for the 10th time and said he’ll consider jail time going forward. Last week, the judge fined Trump $9,000 for nine previous violations of the judge’s gag order. Violations of the gag order are punishable by a fine of up to $1,000, by jail time of up to 30 days, or both. In a statement, Trump campaign spokesman Steven Cheung called the gag order “unconstitutional and un-American” and criticized the judge and his ruling. In a written ruling, the judge said those comments violated the gag order.

Persons: Juan Merchan, Donald Trump, he’ll, “, ” Merchan, “ Mr, Trump, Michael Cohen, Stormy Daniels, Steven Cheung, ”, Crooked Joe Biden, Karen Friedman Agnifilo, Merchan, ” Trump, “ Defendant, ” Prosecutors, David Pecker Organizations: CNN, Trump, Prosecutors, “, Real America’s Locations: United States, New York

☆ Missing surfers: Bodies found in Mexico confirmed as those of missing American and Australian tourists
▼ + stars: | 2024-05-05 | by ( Kathleen Magramo | Karol Suarez | ) edition.cnn.com time to read: +2 min

CNN —Three bodies found dumped in a well with gunshot wounds to the head have been confirmed as missing tourists, including a US citizen, Mexican authorities said Sunday. Relatives of American Jack Carter Rhoad and Australian brothers Jake and Callum Robinson identified their bodies without having to perform genetic tests, the Baja California Attorney General’s office said in a statement on Sunday. The vehicle was confirmed to be the same one Callum Robinson posted an image of on Instagram a week before the trio went missing. Photos of the American and Australian surfers on a beach in Ensenada, Mexico on May 5, 2024. In 2015, the bodies of Australian surfers Dean Lucas and Adam Coleman were found in a burned-out van in Sinaloa state.

Persons: Jack Carter Rhoad, Jake, Callum Robinson, Jesús Gerardo “, “ El, Maria Elena Andrade Ramirez, “, ”, Karen Castaneda, Dean Lucas, Adam Coleman Organizations: CNN, Ministry, Foreign Ministry, Authorities Locations: California, Ensenada, Tijuana, Baja California, Santo Tomas, Instagram, Mexico, Sinaloa

☆ How previous investing mistakes are shaping my thinking on the latest stock gone wrong
▼ + stars: | 2024-05-05 | by ( Jim Cramer | ) www.cnbc.com time to read: +19 min

Three times a day we would gather "off the desk," and I would have to defend every stock we owned. First, there's the obvious mistakes that we have made: Bausch Health and Foot Locker . To signify the changes, he renamed it Bausch Health in 2018, after the eye-care company Valeant bought for $8.7 billion five years earlier. We thought the IPO market would come back, and Bausch Health would win the lawsuit and all would be back on track. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jeff Marks, Karen Cramer, Cramer, Karen, Max Palevsky, It's, Joseph Papa, Clint Eastwood, Papa, Jim Cramer, Valeant, Bausch, Locker, Mary Dillon, Dillon, Wall, Emerson, Cristiano Amon, Laxman Narasimhan, Howard Schultz, Narasimhan, Benckiser, Kevin Johnson, Schultz, Johnson, it's, —, Foot Locker, Jim Cramer's, Jim Organizations: Cramer &, Intel, Charitable Trust, Co, Starbucks, Bausch Health, Pharmaceuticals, Perrigo, Health, Norwich Pharmaceuticals, Former, Emerson Electric, Qualcomm, National, Eaton Corp, Broadcom, Palestine, PepsiCo, Nestle, Elliott Management, Emerson, CNBC, Getty Locations: China, —, Israel, U.S, BHC, FL, Jinan, East China's Shandong province

☆ Trump hush-money porn star trial: Here's what's happened so far
▼ + stars: | 2024-05-05 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +6 min

Former US President Donald Trump attends his trial for allegedly covering up hush money payments linked to extramarital affairs, at Manhattan Criminal Court in New York City, on May 2, 2024. The historic hush-money trial, which still has another three to five weeks to go, marks the first-ever criminal trial of an ex-U.S. president. Fined $9,000 for contempt of courtFormer US President Donald Trump sits in the courtroom at Manhattan criminal court in New York, US, on Friday, May 3, 2024. Prosecutors dig inRepublican presidential candidate and former U.S. President Donald Trump shouts during a campaign event in Freeland, Michigan, U.S. May 1, 2024. Pecker, who said that he purchased the story in order to bury it, said that Trump never reimbursed the company.

Persons: Donald Trump, Doug Mills, He's, he's, Juan Merchan, Trump, Merchan, Attorney Alvin Bragg, Joe Biden, —, doesn't, Trump's protestation, Chris Conroy, Brendan Mcdermid, Michael Cohen, Stormy Daniels, Daniels, David Pecker, Pecker, Donald Trump's, Timothy A, Clary, Cohen, Karen McDougal, Rhona Graff, McDougal, Gary Farro, Keith Davidson, Davidson, Hope Hicks, Alex Wong Organizations: Manhattan Criminal, Afp, Getty, Manhattan Supreme, Reuters, Attorney, Trump, Truth Social, Republican, National Enquirer, American Media, White House, Capitol Locations: New York City, Manhattan, Wisconsin, Michigan, New York, Waukesha , Wisconsin, Freeland , Michigan, U.S, Republic, Washington , DC

☆ 10 of the best national parks to visit in the summer, and 2 to avoid, according to a couple who have been to all 63
▼ + stars: | 2024-05-05 | by ( Maria Noyen | ) www.businessinsider.com time to read: +1 min

A Gen X couple who has been to all 63 national parks says some are better than others in the summer. Matt and Karen Smith would avoid parks like Death Valley because of killer summer temperatures. The best to visit in the summer are high alpine national parks. AdvertisementThere are 63 national parks in the US, but according to a couple who have been to all of them, not every park is a summer destination. The National Parks Service reported earlier this year that over 325 million people visited at least one national park last year, a 4% increase from the year prior.

Persons: Matt, Karen Smith, —, Bob, Sue Organizations: Service, National Parks Service, Smiths

☆ 6 tips to beat the crowds at national parks, from a couple who visited all 63 of them
▼ + stars: | 2024-05-04 | by ( Maria Noyen | ) www.businessinsider.com time to read: +1 min

Matt and Karen Smith, college sweethearts, quit their jobs in 2010 to visit every US national park. The Smiths shared their best tips for avoiding crowded national parks. Last year, the National Parks Service reported that over 325 million people visited at least one of the national parks in the US, a 4% jump from the previous year. But, according to Matt and Karen Smith, a couple who has been to every major US national park, there are several ways to avoid falling into a throng of tourists. This story is available exclusively to Business Insider subscribers.

Persons: Matt, Karen Smith, — Organizations: Smiths, Service, National Parks Service, Business

☆ Cohen had 39,745 contacts stored in his iPhone, analyst tells Trump's hush-money trial
▼ + stars: | 2024-05-04 | by ( Cameron Manley | ) www.businessinsider.com time to read: +3 min

Michael Cohen was found to have 39,745 contacts stored in his cellphone, said a data analyst. Cohen, Trump's former lawyer, is set to testify against the former president's New York trial. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementProsecutors at Donald Trump's hush money trial wrapped up Thursday's proceedings with testimony from a digital data analyst who works for the Manhattan District Attorney. Douglas Daus, testified he had extracted data from two iPhones belonging to Michael Cohen, Trump's former lawyer, and so-called "fixer"One device had 39,745 contacts, which Daus described as "unusual."

Persons: Michael Cohen, Karen McDougal, Cohen, Trump's, —, Donald Trump's, Douglas Daus, Daus, I've, Hope Hicks, Trump, Allen Weisselberg, Lady Melania Trump, Jane Rosenberg, David, David Pecker, Todd Blanche, Donald, Von ShitzInPantz Organizations: Service, Manhattan, New, Attorney's, Associated Press, Trump Organization, Reuters, Trump, Playboy, American Media, fixer Locations: York, New York County

☆ Sex tapes! Celebrity rehab! Trump hush-money trial goes full National Enquirer as Hulk Hogan, Lindsay Lohan, Charlie Sheen are name-dropped.
▼ + stars: | 2024-05-03 | by ( Laura Italiano | ) www.businessinsider.com time to read: +10 min

Charlie Sheen, Hulk Hogan, Lindsay Lohan, and Tila Tequila were all name-dropped. Charlie Sheen, Hulk Hogan, Lindsay Lohan, Floyd Mayweather, Tila Tequila — all were name-dropped in morning testimony. Bove asked. Bove asked Davidson. Advertisement"I've represented several clients who had claims against Charlie Sheen," Davidson answered carefully.

Persons: Stormy Daniels, Keith Davidson, Charlie Sheen, Hulk Hogan, Lindsay Lohan, Tila Tequila, —, Donald Trump's, Floyd Mayweather, Playboy Bunny Karen McDougal, Trump, Daniels, Davidson, Emil Bove, Donald Trump, Jane Rosenberg Bove, You've, Bove, you've, shakedowns, McDougal, lister, Hogan, Kevin Winter, Terry Bollea, Bollea, Hulk, Amy Sussman, Lindsay Lohan Davidson, Betty Ford, Lohan, Valerie Macon, Kevin Blatt, Tequila, Charlie Sheen's, Jamie McCarthy, Sheen, Blatt, I've, Anderson, Heidi Gutman, Capri Anderson, I'm Organizations: Service, National Enquirer, Manhattan, Enquirer, Trump, Reuters, Hulk Hogan's, TMZ, Morning America Locations: Manhattan, Sheen, Capri, Anderson

☆ Trump Trial Live Updates: Witness Who Extracted Secret Recordings to Return to the Stand
▼ + stars: | 2024-05-03 | by ( Matthew Haag | ) www.nytimes.com time to read: +5 min

Before the tape was revealed, Mr. Trump’s legal team aggressively attacked the credibility of Mr. Davidson during a cross-examination that quickly turned hostile. Frequently, Mr. Davidson would respond, “I don’t recall.”Mr. Bove confronted Mr. Davidson about his “fuzzy” memory and Mr. Davidson responded forcefully that his answers had been truthful. Image The jury heard a recording, made by Michael D. Cohen, Mr. Trump’s longtime fixer, during the 2016 campaign. That included one in which Mr. Trump and Mr. Cohen discussed a hush-money deal for Karen McDougal, a former Playboy model who was trying to sell a story about an affair with Mr. Trump. The potential witness list has several major names, including Ms. Daniels, Mr. Cohen and Hope Hicks, who is Mr. Trump’s former spokeswoman.

Persons: Keith Davidson, Stormy Daniels, Donald J, Juan M, Trump, Merchan, Daniels, Davidson, Michael D, Cohen, Mr, Emil Bove, ” Mr, Bove, ”, “, Trump’s, Maansi Srivastava, Davidson’s, Justice Merchan, Alvin L, Bragg, Todd Blanche, ” Trump, Blanche, Doug Mills, Biden’s, Biden, We’re, Douglas Daus, Karen McDougal, Hope Hicks Organizations: Trump, Prosecutors, Trump White House, New York, ., White, Playboy Locations: Manhattan, Michigan, Wisconsin

☆ 'Trader justice': Ex-SocGen trader fired for risky bets claims he was made a 'scapegoat'
▼ + stars: | 2024-05-03 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

A former Societe Generale trader who was fired for unauthorized risky bets has lambasted the French bank for making him a "scapegoat" and failing to take its share of responsibility for missing the trades. A SocGen spokesperson declined to comment on the post, but provided a statement on the pair's dismissal. Kataria said the trades were auto-booked and a "daily email was sent to the entire group mentioning the trades have been reconciled." "It's very easy for other people to say that we were not aware of the trades done by me," he wrote. "Trading Industry is so big but there are no rules or regulations which fight for trader justice," he said.

Persons: Kavish Kataria, Kataria, SocGen, Kevin Ng, Jerome Kerviel Organizations: Societe Generale, Hong, Financial Times, LinkedIn Locations: Hong Kong, Paris

☆ Trump trial resumes after infamous Cohen phone call tape is played for jury
▼ + stars: | 2024-05-03 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Former U.S. President Donald Trump attends the first day of his trial for allegedly covering up hush money payments at Manhattan Criminal Court on April 15, 2024 in New York City. The lawyer, Keith Davidson, negotiated six-figure hush money deals for porn star Stormy Daniels and former Playboy model Karen McDougal ahead of the 2016 presidential election. On the night Trump won that election, Davidson texted the Enquirer's then-editor in chief, "What have we done?" But he added that he and the top editor, Dylan Howard, understood at the time that "our activities may have in some way assisted the presidential campaign of Donald Trump." Jurors heard a recording of Trump saying asking Cohen, "So what do we got to pay for this — 150?"

Persons: Donald Trump, Keith Davidson, Stormy Daniels, Karen McDougal, Trump, Daniels, Attorney Alvin Bragg, Judge Juan Merchan, Merchan, Davidson, Trump's, Michael Cohen, David Pecker, Dylan Howard, Douglas Daus, Cohen, McDougal Organizations: U.S, Manhattan Criminal, Prosecutors, New, Trump, Manhattan, Attorney, National Enquirer, American Media Locations: New York City, New York

☆ Here's how much money you'd have lost if you invested $1,000 in Peloton when it went public
▼ + stars: | 2024-05-03 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

As the company searches for a new CEO, Peloton Chairperson Karen Boone and Peloton Director Chris Bruzzo will serve as interim co-CEOs. How much you'd have if you invested $1,000 in PelotonPeloton has come a long way from when the company was founded in 2012. If you had invested $1,000 in Peloton in 2019, 2021 or 2023, here's how much it would be worth now. CNBC's calculations are based on the company's May 2 closing share price of $3.13. And if you had invested $1,000 in Peloton in 2019 when it first went public, your investment would have decreased by about 89% and be worth about $108 as of May 2.

Persons: it's, Barry McCarthy, John Foley, He'll, Karen Boone, Chris Bruzzo Organizations: Interactive Locations: New York

Much of Hicks’ testimony focused on her role on the Trump campaign in October 2016, just before Election Day. When cross-examining Hicks, Trump attorney Emil Bove elicited testimony that Trump was also concerned about what his wife would think. Video Ad Feedback Trump closed his eyes during Hope Hicks' testimony. There was a lot at play.”Hicks forwarded the email that included a transcript of the audio to several Trump campaign staffers including Kellyanne Conway. With Hicks’ testimony, prosecutors nudged closer to the repayment and the alleged charges.

Persons: Donald Trump’s, Hope Hicks, Hicks, Daniels, Michael Cohen, “, ”, Trump, Matthew Colangelo, ” Hicks, Karen McDougal’s, Emil Bove, Kellyanne Conway, chuckling, Steve Bannon, Conway, Jared Kushner, Jason Miller, McDougal, Cohen, nudged, –, Honig, CNN Hicks, Colangelo, Michael, ‘ Mr, ’ Michael Cohen Trump’s, Douglas Daus, Trump’s, Daus, DANY, Cohen ”, ” Daus, Prosecutors, Chris Conroy, Judge Juan Merchan, Manhattan DA Alvin Bragg, Daniel Dale, He’s, ” Merchan, ” Trump, Merchan Organizations: CNN, White House, Trump, Manhattan, Attorney’s Office, Trump White House, Trump Organization, Prosecutors, Wall Street, American Media, Inc, Wall, Washington Post, ” Prosecutors, House, New York Times, Trump “, Manhattan DA Locations: Washington, Manhattan, New York, Michigan

☆ Wegovy maker Novo Nordisk down 4%, heads for worst day since October
▼ + stars: | 2024-05-03 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Shares of Danish pharmaceutical giant Novo Nordisk slid 4% on Friday, extending a 2.7% loss on Thursday as analysts pored over the details of the firm's first-quarter results and monitored a potential rival weight loss treatment. The company reported that sales for its blockbuster injectable weight loss treatment Wegovy, more than doubled to 9.38 billion Danish kroner ($1.4 billion). Novo Nordisk, which also makes diabetes treatment Ozempic, said the rise in sales had offset a slight reduction in prices. Analysts expected even higher weight loss drug sales in the quarter, and some noted that Novo Nordisk's 2024 outlook raise for both sales growth and operating profit was due to one-off accounting adjustments. The boom in demand for weight loss treatments saw Novo Nordisk overtake French luxury group LVMH to become Europe's most valuable company last year.

Persons: Karsten Knudsen, Karen Andersen Organizations: Novo Nordisk, Novo, Morningstar Locations: Novo

☆ China's 'unprecedented' space mission blasts off to the far side of the moon to collect samples
▼ + stars: | 2024-05-03 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

A Long March 5 rocket, carrying the Chang'e-6 mission lunar probe, lifts off as it rains at the Wenchang Space Launch Centre in southern China's Hainan Province on May 3, 2024. China on Friday launched a space probe to collect samples from the far side of the moon in a mission that has been billed as "unprecedented" as the global space race heats up. An unmanned rocket carrying the Chang'e-6 lunar probe took off from Wenchang Space Launch Center in Hainan province just before 5:30 p.m. local time, kickstarting the 53-day planned mission. The expedition aims to return around 5 pounds of lunar samples to Earth for analysis. "Collecting and returning samples from the far side of the moon is an unprecedented feat," Wu Weiren, chief designer of China's lunar exploration program, said, according to Chinese state news agency Xinhua News.

Persons: Wu Weiren, Stephen Whiting Organizations: Xinhua News, Scientists, U.S, U.S . Space Command Locations: Hainan Province, China, Hainan, Beijing

☆ Peloton's CEO steps down as the company cuts 15% of staff
▼ + stars: | 2024-05-02 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

Peloton CEO Barry McCarthy is stepping down, the fitness company announced on Thursday. After reaching new highs during the pandemic, the company has recalled products, laid off workers, and seen sales and its stock tank. McCarthy replaced John Foley as Peloton CEO and president in February 2022. But since then, the company has recalled products, laid off thousands of workers, and seen sales and its stock tank. It posted a net loss for the quarter of $167.3 million, down from $275.9 million for the same quarter in 2023.

Persons: Barry McCarthy, —, McCarthy, John Foley, Karen Boone, Chris Bruzzo Organizations: Service Locations: Ohio

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