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☆ China's new home prices inch up for 9th month in May, survey shows
▼ + stars: | 2024-06-01 | by ( ) www.cnbc.com time to read: +1 min

A real estate complex under construction in Huai 'an city, Jiangsu Province, China, June 20, 2023. New home prices in China rose slightly for a ninth month in May, a private survey showed, driven higher by a slew of supportive steps to prop up the nation's crisis-hit property sector. The average new home price across 100 cities rose 0.25% on month in May, following a 0.27% gain in April, the data from real estate researcher China Index Academy showed on Saturday. China's property sector, a pillar of the economy, has lurched from one crisis to another since 2021 after a regulatory crackdown on high leverage among developers triggered a liquidity crisis. The government is struggling to boost home sales or increase liquidity by taking a series of stimulus and easing measures.

Persons: Huai Organizations: China Index, China Locations: Jiangsu Province, China

☆ She’d only known her future husband for five days when he proposed. Here’s what happened when she said yes
▼ + stars: | 2024-05-31 | by ( Francesca Street | ) edition.cnn.com time to read: +15 min

But Meryl and Tim had talked all evening, into the early hours, gradually shuffling closer and closer to one another. And while it had only been five days, Meryl felt certain Tim was “the right person.”“I’d dated other people, and I just never clicked with them,” she says today. Meryl RivettWhen Meryl and Tim crossed paths in September 1981, Meryl was 29. Tim felt the same way. Meryl felt that assuredness too.

Persons: Meryl Gage, Meryl, Tim Rivett, Tim, We’re, we’re, they’d, ”, “, Meryl wriggled, ’ ”, “ I’d, South America Tim, Tim's, Meryl Rivett, She’d, Karen, ’ ” Meryl, Here's Tim Rivett, Meryl Rivett Tim, who’d, ’, “ Meryl, England, Meryl Rivett That’s, hadn’t, gobsmacked, Mike, Jack, –, “ I’m, ” Meryl, Meryl’s, Lisa, Meryl she’d, Tim didn’t, Paul, he’d, Meryl –, Meryl Rivett –, Tim weren’t, ‘, – Tim, Aussie, they’ve, Tim –, ” Tim, who’ve, They’ve, Tim aren’t Organizations: CNN, CNN Travel, South America, Florida State, Miami Beach Locations: South America, South, Florida, backpacked, Europe, London, Kathmandu, Australia, New Zealand, Southeast Asia, Queensland, America, Rio de Janeiro, England, Asia, Nepal, India, Miami, Brazil, Argentina, Iguazu, Patagonia, Colombia, Buenos Aires, Tierra del, Chile, ”, Central America

☆ Live updates: Trump found guilty in hush money trial
▼ + stars: | 2024-05-31 | by ( Deva Lee | Leinz Vales | ) edition.cnn.com time to read: +2 min

Here’s what to know about the case following Trump’s conviction:When will Trump be sentenced? Judge Juan Merchan has set Trump’s sentencing for 10 a.m. Shortly after Trump was convicted, his attorney Todd Blanche asked Merchan for an acquittal of the charges notwithstanding the guilty verdict. However, if a Floridian’s conviction is out of state, Florida defers to that state’s laws for how felon can regain their voting rights. Read more on the aftermath of Trump's guilty verdict.

Persons: Donald Trump, Trump, –, Juan Merchan, Todd Blanche, Merchan, Richard L, Hasen, ” Hasen, Read, Trump's Organizations: Trump, University of California Locations: York, Los Angeles, U.S, Florida, Manhattan

☆ A DC basic income program is letting people choose the amount on their checks. A participant said $1,400 a month is what she needs to pay medical bills.
▼ + stars: | 2024-05-31 | by ( Allie Kelly | ) www.businessinsider.com time to read: +6 min

And since last fall, she's been a participant in a Washington DC-area guaranteed basic income program. With her husband's SSDI disability benefit, the couple lives on a fixed income of under $2,000 each month, which is separate from their guaranteed basic income. Basic income has alleviated some of her financial anxiety, but she said "it's still not enough" to feel stable. The basic income program Kelly participates in is one of over 100 pilots across the US. Have you benefitted from a guaranteed basic income program?

Persons: —, Deborah Ogarro Kelly, Kelly, she's, it's, GBI, hasn't, We've Organizations: Service, Washington DC, Business, SNAP, Economic Security, Community Foundation's Health Equity Fund, City, BI, Republican Locations: Washington, The City, City

☆ A passenger with 'no clothes on' ran through a plane mid-journey, causing chaos and knocking over a flight attendant
▼ + stars: | 2024-05-31 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

A Virgin Australia flight turned around after a man ran naked through the cabin. The flight from Perth to Melbourne was already delayed over an hour before taking off. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA Virgin Australia flight had to turn around after a man is said to have run naked through the cabin, The Guardian reported. Monday's flight from Perth to Melbourne was already more than an hour late taking off, according to data from Flightradar24.

Persons: — Organizations: Virgin Australia, Australian Federal Police, Service, Guardian, Boeing, Business Locations: Perth, Melbourne, Flightradar24

☆ Here are the next drivers of Costco growth after a great quarter and a stock near records
▼ + stars: | 2024-05-31 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Costco has multiple levers of growth at its disposal, which should lead to a further boost in the stock even after its already impressive year-to-date gains. "If you're disappointed, go to another stock," Jim Cramer said during Friday's Investing Club's Morning Meeting . Jim said investors should not be concerned about the pullback because the stock often drops the day after earnings. COST 1Y mountain COST 1-year stock performance. In addition to exceeding estimates on the top and bottom lines in its fiscal 2024 third quarter, Costco turned in a better-than-expected 6.5% comparable sales increase.

Persons: Jim Cramer, Jim, Costco, Ron Vachris, Gary Millerchip —, Millerchip, Vachris, D.A, Davidson, Redburn, Rich Galanti, it's, Jim Cramer's, John Keeble Organizations: Costco, Walmart, Kroger, Costco Logistics, CNBC, Lakeside, Getty Locations: U.S, Japan, Korea, China, Grays, United Kingdom

Wai and Hui rent a two-family house with Hui's parents. Photo by CNBC Make ItWhen the lease was up on the couple's apartment, Hui's parents knew about a two-family house in Bensonhurst that was available for rent. The average size for a Brooklyn, apartment is 660 square feet, and the average monthly rent is $3,558 a month, according to RentCafe. Wai and Hui live upstairs while his parents live in their own apartment downstairs. The couple pays $1,600 a month to live in the one-bedroom, one-bath apartment on the second floor, while Wai's in-laws pay $1,900 and live on the first floor, according to documents reviewed by CNBC Make It.

Persons: Vionna Wai, Chucky Hui, Hui, Wai, Mickey Todiwala, He's Organizations: CNBC Locations: Sunset, Brooklyn, N.Y, Bensonhurst, Williamsburg, Greenpoint, Manhattan

☆ NASA Lucy mission: A space rock got a moon after sun-driven quake
▼ + stars: | 2024-05-31 | by ( Ashley Strickland | ) edition.cnn.com time to read: +8 min

CNN —Astronomers were in for a surprise when NASA’s Lucy mission flew by an asteroid named Dinkinesh in November and spotted a contact binary — two smaller space rocks that touch each other — orbiting the asteroid like a moon. “Basically, the planets formed when zillions of smaller objects orbiting the Sun, like asteroids, ran into each other. The Lucy mission captured additional imagery revealing that the asteroid Dinkinesh’s moon is actually two space rocks that are touching one another. Too distant to be seen in detail with telescopes, the asteroids will get their close-up when Lucy reaches the Trojans in 2027. The mission borrows its name from the Lucy fossil, the remains of an ancient human ancestor discovered in Ethiopia in 1974.

Persons: NASA’s Lucy, Dinky ”, ”, Hal Levison, Lucy, Dinkinesh, Goddard, Johns Hopkins, Keith Noll, Jessica Sunshine, ” Levison, Sunshine, Selam, “ I’m, “, NASA Galileo, Ida, Lucy’s, NASA Lucy, ” Sunshine, Dinky Organizations: CNN —, Southwest Research, NASA, Goddard Space Flight, University of Maryland, College Locations: Boulder , Colorado, Greenbelt , Maryland, Dinkinesh, Ethiopia, Jupiter

Apple | Spotify | Amazon | YouTube Listen to and follow ‘Hard Fork’This week, Google found itself in more turmoil, this time over its new AI Overviews feature and a trove of leaked internal documents. Then Josh Batson, a researcher at the A.I. And finally, we take a look at recent developments in A.I. safety, after Casey’s early access to OpenAI’s new souped-up voice assistant was taken away for safety reasons. Guests:Josh Batson, research scientist at AnthropicAdditional Reading:

Persons: Josh Batson, Claude Organizations: Apple, Spotify, Google

☆ A top US admiral got a $500,000 job for steering a firm a sole-source contract, prosecutors allege
▼ + stars: | 2024-05-31 | by ( Chris Panella | ) www.businessinsider.com time to read: +1 min

A former top Navy admiral was arrested Friday on charges related to a bribery scheme. The Justice Department alleges Burke accepted bribes to steer work towards a company. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. AdvertisementA retired top US Navy admiral who briefly served as the second highest-ranking Navy officer was arrested Friday on federal charges related to a bribery scheme.

Persons: Burke, —, Robert Burke Organizations: Navy, Service, US, US Department of Justice, US Naval Forces, Business Locations: US Naval Forces Europe, Africa

☆ A major student-loan company has 'illegally' tried to collect payments from borrowers whose balances were already wiped out through bankruptcy, a federal watchdog alleges in a new lawsuit
▼ + stars: | 2024-05-31 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Read previewA federal consumer watchdog just hit a major student-loan company with a new lawsuit. According to the press release, the CFPB accused PHEAA of illegally collecting payments from student-loan borrowers whose loans had already been discharged in bankruptcy and sending "false information" to credit reporting agencies. The lawsuit, filed in the US District Court for the Middle District of Pennsylvania, said that under the US bankruptcy code, some private student loans are not subject to the stringent standards that most student loans are when it comes to receiving relief through bankruptcy. Per the CFPB, American Education Services collected or tried to collect 7,934 private student loans after a bankruptcy proceeding between 2017 and 2021, and 177 of them were non-qualified education loans. AdvertisementThe CFPB has previously issued guidance over potential illegal collections of borrowers' payments after bankruptcy proceedings.

Persons: —, PHEAA, Rohit Chopra Organizations: Service, Consumer Financial, Bureau, Pennsylvania Higher Education Assistance Agency, American Education Services, Financial, Business, Court, Middle, Middle District of Locations: Middle District, Middle District of Pennsylvania

☆ A relative I'd lost touch with found me online and sent me a gift — the only photos I've ever seen of me and my mom
▼ + stars: | 2024-05-31 | by ( Nicole Johnson | ) www.businessinsider.com time to read: +4 min

Nicole Johnson had never seen the photos her cousin sent her before. Courtesy Nicole JohnsonWe reconnected, and I was reminded of my childhoodWhen we finally caught up, Rosemary told me she had married, which was why I hadn't recognized her last name. The photos Nicole Johnson's cousin sent her are the only photos she has of herself with her mother. Courtesy Nicole JohnsonThe pictures came a week or so after we had talked. AdvertisementNicole Johnson says getting the old family photos felt like receiving a gift.

Persons: Rosemary, I'd, Rosemary's, Nicole Johnson, Nicole Johnson's, Esther, wouldn't, — Organizations: Service, Facebook Locations: California

☆ Everyone wants to go to the Four Seasons Orlando. Take a look inside the luxury Disney hotel, where rooms cost upwards of $1,395 a night.
▼ + stars: | 2024-05-31 | by ( Amanda Krause | ) www.businessinsider.com time to read: +1 min

A baby went viral on TikTok for wanting to visit the Four Seasons Resort Orlando. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWho wants to go to the Four Seasons Resort Orlando? If you're on TikTok, you know that the "fully-conscious baby" — or the 1-year-old who went viral for excitedly raising her hand and cheering "me!" The luxury spot offers massive pools, views of Magic Kingdom fireworks, a nine-bedroom suite, and more.

Persons: — Organizations: Orlando, Disney, Service, Business

☆ The New ChatGPT Offers a Lesson in A.I. Hype
▼ + stars: | 2024-05-31 | by ( Brian X. Chen | ) www.nytimes.com time to read: +1 min

When OpenAI unveiled the latest version of its immensely popular ChatGPT chatbot this month, it had a new voice possessing humanlike inflections and emotions. The new ChatGPT was released without most of its new features, including the improved voice (which the company told me it postponed to make fixes). Amid the delay, the company also deactivated the ChatGPT voice that some said sounded like the actress Scarlett Johansson, after she threatened legal action, replacing it with a different female voice. For now, what has actually been rolled out in the new ChatGPT is the ability to upload photos for the bot to analyze. The bot can also do real-time language translations, but ChatGPT will respond in its older, machine-like voice.

Persons: OpenAI, Scarlett Johansson

☆ Why there's a massive copper shortage
▼ + stars: | 2024-05-31 | by ( Shawn Baldwin | ) www.cnbc.com time to read: +1 min

Demand for copper is surging. The red metal, considered a barometer for economic health, is a vital component for the construction and defense industries as well as a key component in electric cars, wind turbines and the power grid. Existing mines and projects under construction will meet only 80% of copper needs by 2030, according to the International Energy Agency. "High-grade economic copper resources are not abundant, these things aren't all over the place, you have to go find them," said Chris LaFemina, global metals and mining analyst at Jefferies. To look at the challenges facing copper producers, CNBC got a behind the scenes look at Rio Tinto's Kennecott mining operation outside of Salt Lake City.

Persons: Chris LaFemina Organizations: International Energy Agency, Jefferies, CNBC Locations: Rio, Salt Lake City

CNN —President Joe Biden announced Friday that Israel has offered a “comprehensive new proposal” that provides a “roadmap” to a ceasefire in the war with Hamas in Gaza and the release of all hostages held by the terror group. “And the Palestinian people have endured sheer hell of this war,” Biden said. Earlier on Friday, Israel said its forces have entered central Rafah, the city in southern Gaza that Biden has warned should not be the target of a major ground offensive. Biden will be speaking as negotiations continue to secure the release of hostages in exchange for a temporary ceasefire in the war between Israel and Hamas. White House officials have sought this week to explain Biden’s stance, suggesting his barometer for changing policy would be a “major ground invasion” of the city.

Persons: Joe Biden, Israel, ”, who’ve, ” Biden, Biden, “, “ It’s, ” Israel, Benjamin Netanyahu, CNN’s Erin Burnett, John Kirby Organizations: CNN, Hamas, Israel’s, White, Democrats Locations: Gaza, Qatar, Rafah, Israel, Palestinian, Delaware, ”, That’s

☆ Elon Musk says he hasn't discussed taking a role in a second Trump administration
▼ + stars: | 2024-05-31 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Elon Musk says he hasn't talked to Donald Trump about joining his government if Trump's elected. Musk was responding to earlier reports saying that Trump was mulling an advisory role for him. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk says he hasn't spoken to former President Donald Trump about joining a second Trump administration. This story is available exclusively to Business Insider subscribers.

Persons: Elon Musk, hasn't, Donald Trump, Trump's, Musk, Trump, Joe Biden, — Organizations: Trump, Service, Trump Presidency, SpaceX, Street Journal, Business

☆ Corporations looking at gen AI as a productivity tool are making a mistake
▼ + stars: | 2024-05-31 | by ( Bob Violino | ) www.cnbc.com time to read: +5 min

Part of the slow spending approach is coming from the fact that senior executives are looking at gen AI the wrong way, said Sreekanth Menon, global leader, AI and machine learning at Genpact. The research showed that about half of the executives are framing gen AI solely as a productivity tool. "The infancy of gen AI, combined with a warped conception of its potential, has led to reluctant budgetary spending." The research from Genpact and HFS showed that business leaders are dedicating up to 10% of their IT budgets to gen AI projects. "To successfully move AI from a pilot stage to production, organizations need to pause and ensure their gen AI plan is aligned with specific business objectives, not just productivity," he said.

Persons: Andriy Onufriyenko, Sreekanth Menon, Menon, Paul Pallath, Pallath Organizations: HFS Research

☆ Google Is Using A.I. to Answer Your Health Questions. Should You Trust It?
▼ + stars: | 2024-05-31 | by ( Talya Minsberg | ) www.nytimes.com time to read: +1 min

If you Google those questions now, the answers may be written by artificial intelligence. This month, Google rolled out a new feature called A.I. Overviews that uses generative A.I., a type of machine-learning technology that is trained on information from across the internet and produces conversational answers to some search questions in a matter of seconds. But when it comes to how it answers health questions, experts said the stakes were particularly high. Overviews told some users to eat at least one rock a day for vitamins and minerals.

Persons: “ Organizations: Google

☆ China's capital city is opening a robotaxi route to a major train station, startup Pony.ai says
▼ + stars: | 2024-05-31 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Robotaxi operator Pony.ai has begun testing rides with human staff inside between a suburb of Beijing and a major high-speed train station. By the end of this year or early next year, Zhang expects the train station route will be fully driverless, with no human staff inside. BEIJING — In three years, China's capital city of Beijing has taken rapid steps toward letting robotaxis operate closer to the city center. By the end of this year, Zhang expects the city will allow robotaxi operation around Beijing Capital International Airport to the north. In three to five years, Zhang expects Beijing will allow robotaxis throughout the city.

Persons: Pony.ai, Zhang, Ning Zhang, WeRide Organizations: Beijing South Railway, CNBC, BEIJING —, Daxing International, Baidu, Beijing Capital International Airport, Toyota Locations: Beijing, Yizhuang, Pony.ai, BEIJING, China

☆ A mom transformed a Philadelphia parking lot into Cinderella's castle, giving her daughter the most extravagant prom celebration of the year
▼ + stars: | 2024-05-31 | by ( Amanda Krause | ) www.businessinsider.com time to read: +6 min

It was Treva Harris, Azar's mother, who hosted the prom party of the year. "I'm kind of in awe about how much attention this has gotten," Treva told Business Insider. I thought it was baby blue," Treva told BI. "And the best part is that Azar didn't know what she was walking out to. "We have requests for prom send-offs up to 2028, and I'm like, 'You guys don't even know what date the prom is yet!'"

Persons: —, Azar Harris didn't, Azar, Treva Harris, Azar's, Treva, Gen Z, Azar Harris, Ray Valdez Treva, Muhammad, Muhammad's, Ray Valdez, Azar didn't, we're Organizations: Service, Philadelphia, Business, Teen Vogue Locations: Philadelphia

☆ A man found a stegosaurus skeleton during a stroll on his Colorado property. He could make $6 million from it.
▼ + stars: | 2024-05-31 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +1 min

Jason Cooper discovered a stegosaurus fossil on his Colorado property in May 2022. The fossil, named Apex, is about 70% complete and could fetch up to $6 million at auction. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOn his 45th birthday in May 2022, Jason Cooper was strolling through his Colorado property when he came across part of a stegosaurus bone sticking out of a rock wall. The fossil stands about 11 feet tall, spans over 20 feet long, and is about 70% complete, he told BBC News.

Persons: Jason Cooper, —, Cooper Organizations: Apex, Sotheby's, Service, BBC, Business Locations: Colorado, Apex

☆ Russia opens a new front: A visual guide to the Ukraine war
▼ + stars: | 2024-05-31 | by ( Lou Robinson | Sophie Tanno | ) edition.cnn.com time to read: +4 min

It serves as an example of how Russia has been exploiting Ukraine’s main vulnerabilities: insufficient manpower, artillery shortages, sparse air defenses and inadequate defensive fortifications. In the north, Moscow’s troops are aiming to bring its troops within tube artillery range of Kharkiv city. The nearby Russian city of Belgorod, for instance, has increasingly come under Ukrainian attack in recent months. Since then, Russian troops have made steady progress westwards in the direction of Pokrovsk, which serves as a vital military hub in Ukraine’s war effort. It was first captured by Russian forces in early March 2022 and Moscow again claimed control over it earlier this month, something denied by Ukraine.

Persons: Volodymyr Zelensky, ’, ”, Chasiv Yar, Ukraine’s Organizations: CNN, Russian, Ukraine Locations: Russia, Ukraine, Kharkiv, Vovchansk, Ukraine’s, Russian, Belgorod, Avdiivka, Pokrovsk, Bakhmut, Chasiv, Kramatorsk, Zaporizhzhia, Ukrainian, Moscow

☆ Eminem releases ‘Houdini’ single with a star-filled music video
▼ + stars: | 2024-05-31 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —Slim Shady is back, back again. Eminem also released a music video for the song in which he gets a little help from some of his celebrity friends. Eminem battles it out with his younger-self in the video, which will remind fans of his 2002 “Without Me” video. Recently a faux obituary appeared for his Slim Shady alter ego in his hometown newspaper, the Detroit Free Press. It referred to Slim Shady a “a rogue splinter in the flourishing underground rap scene.”“The Death of Slim Shady (Coup de Grâce)” follows Eminem’s 2020 album, “Music to Be Murdered By.” The full collection of new music is set for release this summer.

Persons: Slim Shady, Grace, “ Houdini, Steve Miller, ”, Megan Thee, Tory, Lanez, Eminem, Paul Rosenberg, Dre, “ We’ve, Snoop Dogg, Pete Davidson, Slim Organizations: CNN, Detroit Free Press

☆ Want a low mortgage rate? Take someone else’s
▼ + stars: | 2024-05-31 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

This means that a buyer keeps the seller’s repayment period, mortgage balance and, notably, the seller’s lower mortgage rate. Securing that ultra-low mortgage rate means that Harper will save thousands of dollars in monthly payments. “I just decided I wanted to see how low I could pay on the interest rate,” Harper said. And while the mortgage rate on the second loan may be high, the total monthly payment could still be lower — if the assumed mortgage rate is low enough. Snagging a low mortgage rate like Harper’s in today’s high interest rate environment may seem like a dream come true to some prospective homebuyers, but the process is not always smooth sailing.

Persons: ”, Ted Tozer, Ginnie Mae —, Tozer, Ellen Harper, Harper, “, ” Harper, ” Tozer, homebuyers, he’d, Raunaq Singh Organizations: CNN, of Housing, Urban, Urban Institute, Intercontinental Exchange, Federal Housing Administration, US Department of Veterans Affairs, Realtors Locations: Georgia, Georgia , Arizona , Colorado , Texas, Florida

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