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Forget the Magnificent Seven. These AI plays are red hot
  + stars: | 2024-05-16 | by ( Krystal Hur | ) edition.cnn.com   time to read: +6 min
The S&P 500’s utility sector has gained 14% this year, making it the third-best-performing category behind information technology and communication services. Utility stocks tumbled more than 10% in 2023, underperforming the S&P 500’s 24% gain, as investors betting on the artificial intelligence boom crowded into the Magnificent Seven big tech stocks. To be sure, not everyone is jumping into utility stocks. Rising gasoline and shelter costs accounted for more than 70% of the monthly increase in overall inflation, according to the report. Including the ticket price, UK concertgoers will spend, on average, £848 ($1,068) each, which is more than 12 times the average cost of a night out in the UK, according to Barclays’ research.
Persons: , Adam Turnquist, Alicia Wallace, Wednesday’s, Read, Taylor Swift’s, Anna Cooban, Swift Organizations: CNN Business, Bell, New York CNN, Constellation Energy, NRG Energy, International Energy Agency, Federal Reserve, LPL, Nvidia, Micro, Bureau of Labor Statistics, CPI, Barclays, Barclays ’ Locations: New York, United Kingdom, United States, England, Wales, Scotland
CNN —After a hot start to 2024, inflation cooled back down in April, providing a bit of hope for Americans worn down by elevated prices. On a monthly basis, prices rose 0.3%, a slower pace of growth than the 0.4% seen in the two months prior. Rising gasoline and shelter costs accounted for more than 70% of the monthly increase in overall inflation, according to the report. Wednesday’s report landed mostly in line with economists’ expectations, which is a welcome turnabout from January, February and March, when CPI (and other inflation gauges) came in hot, hot, hot. The Federal Reserve has been wanting to see meaningful process on inflation before it starts trimming back interest rates.
Persons: Wednesday’s Organizations: CNN, Bureau of Labor Statistics, CPI, Federal Reserve
It was his only day off from working 12-hour shifts at a Chinese restaurant in New York City. Evelio Contreras/CNNAfter arriving in New York, Ye spent a week in a Manhattan shelter. For Chinese asylum seekers like Ye, there is a well-trodden route to residency in the US. … It’s impossible for them to be spies.”But the rhetoric around the rise of undocumented Chinese migrants highlights growing tensions between the US and Chinese governments. He received permanent US residence a year later and has gone on to help Chinese migrants in Flushing.
Persons: Ye Chengxiang, , , Ye, Evelio Contreras, Amy Hsin, Jiang Zhen, Yong Xiong, Xi Jinping, Biden, Mark Green of, Wan Yanhai, , Jiang, “ It’s, I’m, Melanie Stetson Freeman, ’ Wan, Flushing . Li Jiada, Li Jiada, Jesus, Li Organizations: NY CNN, Central America, CNN, Queens College, Customs and, Embassy, Central, Chinese Ministry of Foreign Affairs, China, Republicans, Republican, House Homeland Security Committee, Communist Party, Christian Science, Customs Enforcement, of, Yorker Locations: Flushing, NY, New York City, China, Communist, Ye, States, Colombia, Darien, South, Central, New York, Manhattan, Flushing’s, Sunset, Mexico, Central America, Queens, Hunan province, Guangdong, Chinatown, , Flushing , New York, San Francisco, Mark Green of Tennessee, Beijing, Flushing ., Flushing , Queens
The American press, he writes in clear-eyed terms, “shouldn’t be neutral about upholding democracy” and must not “dispassionately observe our way to authoritarianism.”We spoke with Kristof over email for a Q&A about this and more. This is strange for a pundit to admit, but I think there’s too much punditry in journalism today and not enough reporting. … We journalists shouldn’t dispassionately observe our way to authoritarianism; we shouldn’t be neutral about upholding democracy.” Do you believe your colleagues in the press are as clear-eyed about this as you are? I believe that journalism — along with law and the civil service — restrained the Trump presidency and is a force for civilization and democracy. He believed it and I believe it, and that is why I say that journalism is an act of hope.
Persons: Nicholas Kristof, , Kristof, Gray Lady, Donald Trump, , James Bond, scoff, I’ve, That’s, It’s, I’m, we’re, aren’t, it’s, William Safire, shouldn’t, Joe McCarthy, Edward R, Murrow, McCarthy, Martin Luther King Jr, George Wallace, Jim Crow, Trump, Joe Kahn, — that’s, Will, Let’s, Organizations: New York CNN, New York Times, The New York Times, Times, Trump, Endowment, Arts, CNN, State Security, State, Locations: New York, Congo, Iraq, Syria, Aleppo, America, Washington, China, , Oregon, U.S, Gaza, Russia
CNN —A 62-year-old man has died months after becoming the world’s first living recipient of a genetically edited pig kidney transplant, hailed as a medical milestone. Rick Slayman received the kidney at Massachusetts General in March after he had been diagnosed with end-stage kidney disease last year. “Our family is deeply saddened about the sudden passing of our beloved Rick but take great comfort knowing he inspired so many,” a family statement said. Before Slayman’s transplant, just two transplants using pig organs had been completed – both heart transplants performed under compassionate use. EGenesis, the biotech company providing the genetically edited pig kidney, called Slayman “a true pioneer” in a statement late Saturday night.
Persons: Rick Slayman, Mr, Slayman, Slayman’s, , , Rick, , ” Slayman, Tatsuo Kawai Organizations: CNN, Massachusetts General, Massachusetts Department of Transportation, Legorreta, Procurement, Transplantation Network, Massachusetts Locations: Massachusetts, ” Massachusetts
Opinion | Women at Work, and With Their Families Too
  + stars: | 2024-05-12 | by ( ) www.nytimes.com   time to read: +1 min
To the Editor:Re “An Act of Defiance Can Improve Things for Working Moms,” by Toby Kiers (Opinion guest essay, May 4):I am a woman nearing the completion of my B.A. in philosophy, and I have the absurd hopes of going on to get my Ph.D. and work in academia and also have a family. Dr. Kiers’s essay both shed light on the frustrating reality of the discrimination that mothers face in the world of academic research, and provided a shining beacon of hope to counteract it. Dr. Kiers has called this out; this is not actually a choice we have to make. Motherhood is not a detriment to our academic abilities and research contributions; it actually strengthens it in new and unexpected ways.
Persons: Toby Kiers, Kiers’s, Kiers
Traders fear that elevated rates will uphold painfully high borrowing costs for consumers, squeeze corporate profit and weigh down the market. The labor market has stayed strong, consumers have continued spending and stocks have notched repeated record highs. The April jobs report was a welcome sign that the labor market is cooling without cratering. The labor market added just 175,000 positions last month, marking its lowest tally since October 2023 and a sharp cooldown from the upwardly revised 315,000 jobs added in March. First-time applications for unemployment benefits climbed last week to 231,000, the highest level since last August, in another sign that the labor market is cooling.
Persons: , , Jeff Buchbinder, Jerome Powell, ” Powell, April’s, David Russell, Matt Egan, Wally Adeyemo, Read, Diksha Madhok, Narendra Modi, Modi, Mukesh Ambani, Gautam Adani, Ambani, Ji, ” Modi, Rahul Gandhi Organizations: CNN Business, Bell, New York CNN, Federal, Traders, CNN, Fed, LPL, ” Treasury, Treasury, Reliance Industries, Adani, Indian National Congress Locations: New York, Thursday’s, , India
April Simpkins published her daughter Cheslie Kryst's memoir after the ex-Miss USA died by suicide. AdvertisementOver the years, April Simpkins had become used to her thoughtful daughter, former Miss USA Cheslie Kryst, sending her care packages full of goodies. Cheslie Kryst, a former Miss USA, died by suicide in 2022 at the age of 30. AdvertisementSimpkins once suggested she employ a part-time assistant to help her balance her legal career, Miss USA commitments, and philanthropic work. The mom said she was thrilled by her daughter's dedication when she won Miss USA in May 2019.
Persons: Simpkins, Cheslie, Miss USA, , Miss USA Cheslie, Kryst, Evan Agostini Simpkins —, " Simpkins, it's, Kryst didn't, I've Organizations: Miss, Business, Service, Miss USA, Mental Health, National Alliance, Mental, Kryst Foundation Locations: New York, North Carolina
An Israeli tank brigade seized control Tuesday of the Gaza Strip side of the Rafah border crossing with Egypt, authorities said, moving forward with an offensive in the southern city even as cease-fire negotiations with Hamas remain on a knife's edge. The Israeli 401st Brigade entered the Rafah crossing early Tuesday morning, the Israeli military said, taking "operational control" of the crucial crossing. Footage released by the Israeli military showed a tank entering the crossing. The Israeli military claimed it seized the crossing after receiving intelligence it was "being used for terrorist purposes." Wael Abu Omar, a spokesman for the Palestinian Crossings Authority, acknowledged Israeli forces had seized the crossing and had closed the facility for the time being.
Persons: brinkmanship, Wael Abu Omar, Israel that's Organizations: Palestinian, Hamas, Israeli 401st Brigade, Palestinian Crossings Authority, Egyptian Foreign Ministry Locations: Rafah, Gaza, Israel, Israeli, Egypt, Kerem, Wael, United States
US stocks surged on Monday amid solid first-quarter earnings reports and renewed hopes of interest rate cuts. The futures market is now pricing in at least two interest rate cuts by the end of the year. AdvertisementUS stocks surged on Monday, extending gains from Friday and marking the best three-day rally of the year as investors cheered solid first-quarter earnings report and hopes for interest rate cuts were renewed. AdvertisementThe futures market sees two 25-basis point interest rate cuts from the Federal Reserve by the end of the year, which is an increase from the recent pricing of just one interest rate cut a week ago. Investors will look for further clues about interest rate cuts from several Federal Reserve members this week, with nine scheduled to speak between throughout the week.
Persons: , Tom Barkin Organizations: Service, Nvidia, Federal Reserve Locations: Here's
US stocks jumped on Monday as investors kept hopes of Fed interest rate cuts alive. The renewed hopes for interest rate cuts came following the lighter-than-expected April jobs report. The futures market is now pricing in two interest rate cuts by the end of the year. AdvertisementUS stocks edged higher on Monday, extending its gains from Friday as investor hope around potential interest rate cuts continues to build. Investors will look for further clues about interest rate cuts from several Federal Reserve members this week, with nine scheduled to speak between throughout the week.
Persons: Organizations: Service, Federal Reserve Locations: Fundstrat, Here's
Within the course of mere days, hopes for a cease-fire in the Gaza Strip have been raised, dashed and raised again, with no clear explanation. Thursday, May 2A Hamas leader said that the group would soon send a delegation to Cairo to “complete ongoing discussions” on a cease-fire deal. Sunday, May 5The talks — which are held indirectly, through mediators — hit an impasse, and Hamas said its delegation had left Cairo. An Israeli official described the negotiations as in “crisis.”Late in the day, Hamas launched rockets at a border crossing between Gaza and Israel, killing four Israeli soldiers. Then it said would send a working-level delegation back to the talks in Cairo anyway.
Persons: Israel —, , Israel Organizations: Hamas Locations: Gaza, Gazan, Rafah, Cairo, , Israel, Egypt, Qatar
Michael Showalter kept acting long after he realized he didn't want to do it anymore — mostly because he needed to eat. Showalter got his start in college doing sketch comedy as a member of The State (formerly The New Group). Fast forward roughly two decades and Showalter has found himself right where he was always meant to be. But as I grew older, it was a combination of I wasn't getting cast in things, but I also wasn't really needing to get cast in things. Is there any one moment where you realized acting wasn't what you loved doing?
Persons: Michael Showalter, Showalter, Michael Ian Black, Joe Lo Truglio, Thomas Lennon, Ken Marino —, he'd, didn't, wasn't, Baxter, he's, Sally Field, Kumail Nanjiani, Zoe Kazan, Oscar, Nanjiani, Jessica Chastain, Tammy Faye, Elizabeth Holmes, Amanda Seyfried, Holmes, Jennifer Westfeldt, Lee's, Anne Hathaway, Reid Scott, Ella Rubin, Nicholas Galitzine, Claudette Godfrey, Daniel Boczarski, You've, you've, … It's, Ivanov, Kevin Kline, I'm, Adam Jason Finmann, gee, Hayes, Alisha Wetherill, Nicholas, Nick, Cathy Schulman, He's, It's, Anne, Bernie Telsey, Maria Organizations: The, Business, MTV, Globe, BI, SXSW, Knitting Factory, Amazon, Netflix Locations: New Jersey, Austin, Hollywood , California
He was a student at Mariupol State University in 2014 when war broke out in the Donbas, and Russia annexed the Crimean peninsula. "I refused to make a deal with the devil. Ponomarenko said he believes the war has "shown what ordinary people are capable of" and has helped reveal "their true selves," pointing to Ukrainian President Volodymyr Zelenskyy as evidence. AdvertisementCapturing it would put Russian forces within striking distance of Ukrainian operational and supply centers in the area. "Bucha was the greatest moment for me because it shows that life prevails," Ponomarenko said.
Persons: , Ponomarenko, Viktor Yanukovych, Libkos, Rushing Organizations: Service, Mariupol State University, Business, Kyiv, Kyiv Independent Locations: Volnovakha, Ukraine's, Donetsk, Russia, Kyiv, Dnipro, Avdiivka, Ukraine
Two college seniors share their feelings about graduating and the gifts on their wishlist. From gift cards to new laptops, these are the items college seniors want to help them transition into their next chapter. Useful gifts like a travel backpack, new set of AirPods, or Apple Gift Card for flexible purchases would be great for his upcoming adventures. What college grads are asking for: An updated laptopHigh-quality headphonesWork clothes or accessoriesGift cardTravel accessories or equipmentShop Apple Gift Card here. This post was created by Insider Studios with Apple Gift Card.
Persons: Leor, weren't, Danya, Emma Z, She's, Emma Organizations: Apple, Insider Studios Locations: COVID, Boston, New Brunswick, Canada, Asia, New York City
CNN —Even though Apple has silenced critics and beaten existential crises before, some fans of its minimalist products and investors in its maximalist stock are nervous. Analysts are expecting low sales figures for the quarter ending March 31 – despite the company beating expectations in the last four quarters. This will be its first earnings report since the launch of its biggest new product in years, its $3,499 mixed reality Vision Pro headset. Market research firm IDC said Apple’s smartphone shipments tumbled a stunning 10% globally in the first quarter of this year. All eyes on AIAccording to David McQueen, research director at tech intelligence firm ABI Research, the company could spark sales growth soon.
Persons: Apple, Ming, Chi Kuo, , , Nabila Popal, David McQueen, OpenAI Organizations: CNN, Apple, IDC, Huawei, Xiaomi, Samsung, ABI Research, Developers Conference, ChatGPT Locations: China, Hollywood
The hallmarks of a state dinner were there: lavish floral displays festooning the White House, the first lady arriving in a floor-length sequined gown, and members of Congress and cabinet secretaries mingling with attendees. But the honored guest was not the president of France or the prime minister of Japan. It was Missy Testerman of Rogersville City School in rural Tennessee. Jill Biden, the first lady, kicked off a new format for delivering the National Teacher of the Year award on Thursday by hosting this year’s winner, Ms. Testerman, and dozens of other teachers from across the country at the White House with a ceremony emulating the pomp normally reserved for foreign dignitaries. “Tonight we celebrate you because teaching isn’t just a job, it’s a calling,” Dr. Biden said, adding, “To answer this call of service is in itself an act of hope.”
Persons: Missy Testerman, Jill Biden, Testerman, Dr . Biden, isn’t, it’s, ” Dr, Biden, Organizations: Rogersville City School, White Locations: France, Japan, Tennessee
A flicker of hope for the weed businessFor years, the dreams of the cannabis industry looked like they might go up in smoke, with the U.S. government classifying marijuana as a drug as dangerous as heroin. But the multibillion-dollar industry now has some hope that could change. The bet is that this will give the industry a new lease on life — though it shouldn’t expect big changes immediately. Shares in Tilray, a giant in the industry, jumped 39 percent on Tuesday, while those in Canopy Growth leaped nearly 79 percent. That’s welcome news for investors in both companies: Canopy Growth’s stock is down 97 percent over the past five years, while those in Tilray are down 95 percent.
Persons: Biden Organizations: U.S, Justice Locations: Tilray
Thousands of miles away from the campus protests that have divided Americans, some displaced Palestinians are expressing solidarity with the antiwar demonstrators and gratitude for their efforts. “Thank you, American universities,” read one message captured on video by the Reuters news agency. “Thank you, students in solidarity with Gaza your message has reached” us, read another nearby. The protesters have been calling for universities to divest from companies with ties to Israel, and some have vowed not to back down. “I’ve lived my whole life in Gaza Strip and I’ve never felt hope like now,” said Ms. Owda.
Persons: , Benjamin Netanyahu, Israel, Mohammed al, Akram al, Bisan, “ I’ve, I’ve, Owda, Nader Ibrahim Organizations: Reuters, Columbia University, Al, Azhar University Locations: Rafah, Gaza, United States, Israel, America, London
A general view of the atmosphere during The Art Institute of Atlanta commencement ceremony at Riverside EpiCenter on June 17, 2022 in Austell, Georgia. The Biden administration on Wednesday announced that it would forgive more than $6.1 billion in student debt for 317,000 former students of The Art Institutes, the once giant chain of for-profit schools. The relief will go to borrowers who enrolled at any of the dozens of Art Institute campuses across the country between Jan. 1, 2004 and Oct. 16, 2017. "We must continue to protect borrowers from predatory institutions — and work toward a higher education system that is affordable to students and taxpayers," Cardona added. said The Art Institutes falsified average salaries among graduates, among other abuses.
Persons: Biden, Education Miguel Cardona, Cardona, Serena Williams Organizations: Art Institute, Atlanta, Wednesday, The Art Institutes, U.S . Department of Education, Education Management Corporation, Art Institutes, Education, Finance, Treasury Department, Art Locations: Riverside, Austell , Georgia, Iowa , Massachusetts, Pennsylvania
Mai Mahiu, Kenya CNN —Eleven people and a dog were rescued from the raging flood waters in Kenya on Wednesday, the country’s Red Cross has said. The humanitarian agency described the rescue mission as “challenging” but later offered a glimmer of hope with reports that floodwaters were gradually receding. Residents in Mai Mahiu are frantically sifting through heaps of debris to recover bodies trapped by the floods. When CNN visited the town on Tuesday, corpses could be seen accumulating beneath toppled trees and layers of mud. Evacuation from flood hit areasCitizens in the worst affected areas have been ordered to leave due to fears of more rain.
Persons: Mai Mahiu, Isaac Mwaura, William Ruto, he’s, ” Ruto, Ruto, Mwaura Organizations: Kenya CNN —, Red Cross, Residents, CNN, National Youth Service Locations: Kenya, Kitengela, Kajiado County, Nairobi, Mai
Elizabeth Frantz | ReutersIt appears the great inflation scare of 2024 is upon us. The Fed's preferred measure of inflation, the core personal consumption expenditures price index, grew 2.8% from a year earlier in March. The recent inflation numbers have reduced the expected number of cuts down to one or two, with the first cut anticipated to arrive much later this year. Some recent signs of cooling emergeCommodity prices, like cocoa , coffee and copper , have been on a tear in 2024. Despite all the military activity in the Middle East, oil prices have been reasonably well behaved, taking into consideration the energy shocks of years past.
Persons: Jerome Powell, Elizabeth Frantz, , specter Organizations: Federal, Committee, Reuters, Fed, Hamas Locations: Washington , U.S, Israel
Israeli negotiators, offering a hint of hope for negotiations over a cease-fire in the Gaza Strip, have reduced the number of hostages they want Hamas to release during the first phase of a truce, three Israeli officials said on Monday. For weeks, cease-fire talks have been at a standstill. Hamas did not respond to a request for comment about whether it would send representatives to Cairo. A senior Hamas official said on social media on Monday that the group was studying a new Israeli proposal. The American secretary of state, Antony J. Blinken, who was meeting in Saudi Arabia on Monday with Arab diplomats, said the onus was now on Hamas.
Persons: Antony J, Blinken Organizations: Hamas Locations: Gaza, Israel, Cairo, Saudi Arabia
After three decades researching human hope and happiness, I discovered a method you can use to measure your happiness. It's based on this simple equation: Hope ÷ Hunger = Happiness This math formula — hope divided by hunger equals happiness — says that the more hopeful and less hungry you are, the happier you become. If you're flourishing, on the other hand, it means you're happy, full of hope, and functioning well emotionally and socially. So if you can confidently make these six statements, you're flourishing — living a happier, more hopeful life than most people:1. When you have something to contribute, it means you're a consequential member of the community.
Persons: , Hope, haven't
A growing group of America's young people are not in school, not working, or not looking for work. They're called "disconnected youth" or "opportunity youth," and their ranks have been growing for nearly three decades. Experts say it's not just work and school; this group is often also disconnected from a sense of purpose. Palmer added that those with limited access to transportation, people with disabilities, and young parents were also more susceptible. Disconnected young people don't have that luxury."
Persons: , Destiny, She's, she's, They're, Kristen Lewis, Lewis, hadn't, there's, Sen, Tim Kaine, who's, Joseph, he's, hasn't, he'd, Ashley Palmer, Palmer, Sarah Nunley, Nunley, Veronica, There's, Lucchesi, they're Organizations: Service, Business, Federal Reserve Bank of Dallas, Social Science Research Council, Survey, University of Minnesota's, National Center for Education Statistics, Walmart, Texas Christian University, Ivy League Locations: Florida, Alabama, Indiana, Silicon Valley, YOLO, Texas
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