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CNN —Twenty-four hours and 26 minutes, without stopping to sleep: Nepal’s Phunjo Lama has just broken the world record for the fastest ascent of Mount Everest by a woman. Her journey from Everest Base Camp to the top took 14 hours and 31 minutes, then the descent from Everest was another nine hours and 18 minutes. Due to the limited climbing season and challenging conditions on Mount Everest, the window to reach the top of the mountain is small. That record was broken in 2021 by Hong Kong native Ada Tsang in 25 hours and 50 minutes. Currently, the record for fastest ascent by a male climber is 10 hours and 56 minutes, set by Nepali Lhakpa Gelu Sherpa in 2003.
Persons: CNN —, Lama, Samantha McMahon, Ada Tsang, she’s, , Kim Lal Gautam, Niranjan Shrestha Organizations: CNN, Everest Base, Base, Guinness World Records, Lhakpa, Guinness Locations: Everest, Base, Hong Kong, Kathmandu, , North America, Pakistan
The Supreme Court, Tatel wrote, has “kicked precedent to the curb” and become “a tragedy” for civil rights and the rule of law. He said she revealed early dealings among justices that eventually led to the milestone 2013 Shelby County v. Holder decision undermining the Voting Rights Act. ‘John Stevens didn’t step down until he was ninety,” Tatel wrote. He served as director of the Chicago Lawyers’ Committee for Civil Rights Under Law and then as director of the National Committee. During the Jimmy Carter administration, he led the Office of Civil Rights at the Department of Health, Education and Welfare.
Persons: David Tatel, , John Roberts, Bill Clinton, Tatel, Roberts, Ruth Bader Ginsburg, Holder, Ginsburg, , , ‘ John Stevens didn’t, ” Tatel, , Ruth, Hillary Clinton, Donald Trump, Obama, , Trump, Amy Coney Barrett, Roe, Wade, Dobbs, Justice Ginsburg, “ I’ve, Jimmy Carter, Clinton, ” Roberts, Dick Cheney, “ …, Scalia, Cheney, , David, Joe Biden, I’ve Organizations: CNN, Democrat, Jackson, Health Organization, Chicago Lawyers ’, Civil, Law, National Committee, Department of Health, Education, Welfare, DC Circuit, US Department of Justice, Northwest Austin, Civil Rights Movement, Court, Supreme Locations: County, Washington, Shelby County, Northwest, Northwest Austin
6:27 a.m.: UBS hikes First Solar price target, sees 25% upside There's a rosy outlook ahead for First Solar , according to UBS. Analyst Jon Windham cited a more supportive pricing environment as one reason for the price target change. The investment bank upgraded the airline to buy from hold, lifting its price target to $65 from $54. — Lisa Kailai Han 5:41 a.m.: Bank of America reiterates Apple as a top pick Apple shares could get a boost as consumers upgrade to AI-enabled phones, according to Bank of America. Analyst Wamsi Mohan reiterated his view that Apple is a top pick, maintaining his buy rating and price target of $230.
Persons: Jon Windham, Windham, Lisa Kailai Han, Scott Gruber, Gruber, LBRT, — Lisa Kailai Han, Morgan Stanley, SLB, Daniel Kutz, Kutz, Jefferies, Sheila Kahyaoglu, Kahyaoglu, Wamsi Mohan, Mohan, Fred Imbert Organizations: CNBC, United Airlines, Apple, United, Jefferies, Bank of America, UBS, Citi, Liberty Energy, of Liberty Energy, Nvidia Locations: Tuesday's, OFS, United
For many investors, the million-dollar question is how far Nvidia can go or whether it can sustain its dramatic growth. Nick Griffin, chief investment officer at Munro Partners, has invested in Nvidia since 2019 — but even he is taken aback by the stock's astronomical run so far. Nvidia's outlook Griffin pointed to industry estimates that showed Nvidia is set to sell $100 billion of its AI accelerators in the next 12 months. Nvidia is currently the largest holding in Griffin's Munro Global Growth fund. Griffin also manages the Munro Concentrated Global Growth Fund and the Munro Global Growth Small and Mid Cap Fund.
Persons: Nick Griffin, CNBC's, Griffin, we've, there's, Munro Organizations: Nvidia, Munro Partners, Griffin's, Griffin's Munro Global, Fund Locations: Griffin's Munro
Seoul, South Korea CNN —North Korea has adopted a new strategy to contend with its southern neighbor: sending floating bags of trash containing “filth” across the border, carried by massive balloons. South Korean authorities said the balloons, which landed in several locations, were filled with "filth and garbage." “All responsibility arising from the North Korean balloons lies entirely with North Korea, and we sternly warn North Korea to immediately stop its inhumane and low-level actions.”Local governments also sent messages to residents in the northern Gyeonggi and Gangwon provinces to warn of the “unidentified objects,” and advised against outdoor activities. Earlier this year a South Korean research group has released rare footage that it claimed showed North Korean teenagers sentenced to hard labor for watching and distributing K-dramas. But the situation in North Korea deteriorated in the following years and diplomatic talks fell apart – prompting strict rules to snap back into place in the North.
Persons: , Kim Kang Il, KCNA, Staff “, ” Kim, Kim Jong Un, Kim Jong Organizations: South Korea CNN, South Korean, country’s, Chiefs of Staff, United Nations Command, Korea’s, Chiefs, Staff, North Korea’s, National Defense, South, South Korea’s, Reuters, North, Fighters Locations: Seoul, South Korea, Korea, North Korea, Gyeonggi, Gangwon, Korean, South, China
Now, new evidence from a skull more than 4,000 years old has revealed that ancient Egyptian physicians may have tried to treat certain cancers with surgery. “We can see that ancient Egyptian medicine was not solely based on herbal remedies like medicine in other ancient civilizations,” said Badr, who was not involved in the new research. “There is an urgent need to reevaluate the history of Egyptian medicine using these scientific methodologies,” Badr said. The earliest recorded observation of cancer is in an ancient Egyptian medical text known as the Edwin Smith Surgical Papyrus, which dates back to around 3000 BC to 2500 BC. But there was none for the breast cancer patient’s tumors, Camarós said.
Persons: , Edgard Camarós, Camarós, ” Camarós, Isidro, Ibrahem Badr, Badr, Duckworth, ” Badr, Edwin Smith Surgical, Edwin Smith, , ” Mindy Weisberger Organizations: CNN — Cancer, Laboratory, University of Cambridge, University of Santiago, CNN, Misr University for Science, Technology, Duckworth Laboratory, Scientific Locations: Egypt, United Kingdom, Medicine, University of Santiago de Compostela, Coruña, Spain, Camarós, Giza, Europe, United States
“To be prepared for war,” George Washington said, “is one of the most effectual means of preserving peace.” President Ronald Reagan agreed with his forebear’s words, and peace through strength became a theme of his administration. It is far past time to rebuild America’s military. President Vladimir Putin of Russia has thrown Europe into war and mobilized his society for long-term conflict. Iran and its proxy groups have escalated their shadow war against Israel and increased attacks on U.S. ships and soldiers. Iran has provided Russia with battlefield drones, and China is sending technical and logistical help to aid Mr. Putin’s war.
Persons: ” George Washington, , Ronald Reagan, America’s, Xi Jinping, Vladimir Putin Organizations: U.S . Senate Armed Services Committee, U.S . Navy Locations: American, China, Russia, Europe, Iran, Israel, Korea
When mortgage rates shoot up, as they did over the past two years, many would-be sellers decide they don't want to move after all. AdvertisementAs the Federal Reserve began pushing up borrowing rates in the spring of 2022, hoping to reel in rising inflation, mortgage rates went vertical. So far, this system of pooling together mortgage bonds and selling them to investors is pretty close to the American way of doing things. When US homeowners pay off their mortgages, they have only one option: pony up the amount left on the loan. That's not just good for buyers or sellers or mortgage loan officers — it's good for everyone.
Persons: It's, John Campbell, Danes, Freddie Mac, that's, Will Doerner, , aren't, pesky, Campbell, Fannie Mae, Banks, Jesper Berg, there's, That's Organizations: Harvard, Federal Reserve, Federal Housing Finance Agency, Homeowners, Danish Financial Supervisory Authority Locations: America, , Denmark, Zillow, Canada, Australia, Danish
Dollar steady ahead of inflation data, yen wobbles
  + stars: | 2024-05-29 | by ( ) www.cnbc.com   time to read: +7 min
The dollar was stable on Wednesday on wagers the Federal Reserve is unlikely to cut rates until later this year ahead of crucial inflation readings this week, while the yen drifted to its weakest in four weeks. Market focus this week will be on a slew of inflation reports, with German inflation data due on Wednesday and the wider euro zone's reading on Friday. Market focus this week will be on a slew of inflation reports, with German inflation data due on Wednesday and the wider euro zone's reading on Friday. The pound was 0.13% higher at 200.68 yen, the strongest since August 2008, while the euro touched a one-month high of 170.795 yen earlier in the session. The yen, which is sensitive to Treasury yields, is down 10% for the year against the dollar but may yet scrape a monthly gain in May.
Persons: Sterling, Christopher Wong, Prashant Newnaha Organizations: U.S, Australian, FX, TD Securities Locations: U.S, Tokyo, Asia
An employee holds one kilogram gold bullion at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold prices edged lower on Wednesday as the U.S. dollar and Treasury yields held firm ahead of key inflation data, which could offer more clarity on the Federal Reserve's interest rate trajectory. The dollar firmed 0.1%, making gold less attractive for other currency holders, while benchmark U.S. 10-year bond yields rose to multi-week peaks. "Investors will try to position themselves in gold because overall long-term fundamentals are looking pretty strong for gold at the moment." While gold is used as a hedge against inflation, rate hikes raise the opportunity cost of holding non-yielding bullion.
Persons: Soni Kumari, Tim Waterer Organizations: Co, U.S ., Treasury, ANZ, KCM, Traders, BHP, Monetary Fund Locations: Bangkok, Thailand, U.S, China
The major averages hit record highs in May, with the S & P 500 breaking above 5,300 for the first time. Historically, the summer months prove to be less robust for the S & P 500. July is typically a standout month, however, with the S & P 500 posting a 3.27% increase on average. .SPX YTD mountain The S & P 500 has added more than 11% in 2024. The S & P 500 tech sector averages a flat performance for June going back a decade.
Persons: It's, — CNBC's Christopher Hayes Organizations: Nasdaq, Dow Jones, CNBC, Tech, Technology, Nvidia
Investor darling Nvidia is dominating headlines once again after its earnings last week surpassed expectations on the back of the artificial intelligence boom. Morgan Stanley notes that the reaction to Nvidia's first quarter results is "very telling on how much buying power still exists in the market." Here are seven of Morgan Stanley's overweight-rated stocks to play these AI themes: Overweight-rated stocks Among Morgan Stanley's list of AI stock opportunities are South Korean tech giant SK Hynix and Taiwanese chipmaker Taiwan Semiconductor Manufacturing Company . SK Hynix stocks are held in the iShares MSCI South Korea ETF (8.4% weight) and Franklin FTSE South Korea ETF (8.3% weight). Shares in TSMC are included in the iShares MSCI Taiwan ETF (25.1% weight) and Franklin FTSE Taiwan ETF (22.2% weight) Beyond the headline-makers, Morgan Stanley also sees potential in Japanese manufacturer Advantest Corp .
Persons: Morgan Stanley, Nvidia's, Hopper, Morgan Stanley's, Morgan, Goldman Sachs, — CNBC's Michael Bloom Organizations: Nvidia, SK Hynix, Taiwan Semiconductor Manufacturing Company, Korea ETF, Franklin FTSE, Franklin FTSE South Korea ETF, Advantest Corp, Japan Equity, JPMorgan BetaBuilders Japan, Alchip Technologies, Technology, Memory Technology, Micronics Locations: Asia, Korean, Korea, Franklin FTSE South, Taiwan, Franklin FTSE Taiwan
However, the average millennial reported roughly $63,000 in retirement savings so far. While millennials will need more money to retire comfortably, many are far away from the savings milestone experts suggest. What's more, the future of the US Social Security system is uncertain, and longer expected lifespans — while a positive development — will require more retirement savings. How to figure out how much retirement savings you needTiffany Bell, a 36-year-old business management professional based in Houston, didn't always take retirement savings seriously. How millennials can get their retirement savings back on trackWhile some millennials are struggling financially, it's not all doom and gloom when it comes to their retirement prospects.
Persons: Nathaniel Hudson, Hartman, millennials, Tiffany Bell, didn't, Bell, she's, they're, Chris Chen, Chen, Judi Leahy, it's, Leahy, NerdWallet, Bell —, , X, What's, Nilay Gandhi, Roth, Rita Assaf, Assaf, Gandhi Organizations: Business, Northwestern Mutual, Pew, US Social Security, Fidelity, Financial, Citi, Wealth Management, Vanguard, Big, CFP, Roth IRA, Fidelity Investments, Savings, Hudson Locations: Portland, Houston, New York, Montana
Nurphoto | Nurphoto | Getty ImagesBEIJING — Chinese travelers are increasingly opting for cheaper domestic destinations over foreign tourist spots. The top reason for preferring their home country was "abundant domestic travel options," the survey found, followed by "too costly" international travel. Local tourism has been a bright spot in China's recovery from Covid-19 controls that ended in late 2022. watch nowDuring a public holiday this year from May 1 to May 5, domestic tourism trips and revenue surged versus pre-pandemic levels in 2019, official data showed. Local authorities said performing arts subsidies from the local governments helped generate 48.3 million yuan in ticket sales to 230,000 people, stimulating about 460 million yuan in economic activity.
Persons: Oliver Wyman, Trip.com, Ashley Dudarenok, Ashley Dudarenok ChoZan Organizations: Nurphoto, Getty, International, CNBC, China Locations: China's Guizhou province, BEIJING, China, Hong Kong, Japan, Covid, Yangzhou, Luoyang, Qinhuangdao, Guilin, Zibo, U.S, Xi'an, Guangxi, Nanjing
These "forever renters" vary widely in their reasons for not pursuing home ownership. Others prefer the flexibility to move and freedom from ownership costs that renters enjoy. Homeownership and renting have numerous pros and cons, making it hard to say whether forever renters are acting shrewdly or making a big mistake. Renters avoid large down payments and the varying costs of homeownership, such as mortgage payments, taxes, maintenance, and repairs. It's also cheaper to change the place you're renting than the place you're buying because of real-estate agent fees."
Persons: , Grant Wilson, Eunjee Kwon, David Brasington, Kautz, There's, Colin Lizieri, they've Organizations: Service, Business, University of Regina, University of Cincinnati, University of Cambridge Locations: Germany, Switzerland
CNN —Weird, dark but compulsively watchable, “Eric” stars Benedict Cumberbatch and a hulking foul-mouthed puppet, not necessarily in that order. When Edgar abruptly goes missing, both parents blame Vincent, who becomes convinced his child’s drawings of an ogre-like puppet named Eric are somehow the key to finding him. As Vincent turns to self-medication to ease his anxiety and guilt, Eric appears to him, and him alone, ostensibly to help him locate the boy. Ivan Howe plays the missing child in Netflix's "Eric." Eric might need somebody to pull his strings, but give credit to “Eric” – especially considering the challenging nature of the concept – for so effectively tying those threads together.
Persons: “ Eric ”, Benedict Cumberbatch, Edgar, Ivan Howe, Vincent, Cumberbatch, , Cassie, Gaby Hoffmann, isn’t, Eric, Lennie, Dan Fogler, Abi Morgan, McKinley Belcher III, , hasn’t, Henry Sugar, Morgan, Eric ”, “ Eric ” – Organizations: CNN, Netflix, Locations: New York, Netflix's, Welsh, York
Philadelphia CNN —President Joe Biden plans to launch a nationwide effort to mobilize Black voters during a campaign rally in Philadelphia on Wednesday, aiming to win back support from a slice of the electorate that polls show wavering in support. Biden’s aides say they aren’t taking Black voters for granted as surveys suggest an erosion of support, particularly among Black men. Many polls have found Black voters more disconnected from the Democratic Party than they have been in decades. He’s also dialed into Black radio programs and touted issues like infrastructure investments and canceling student debt when promoting his record to Black voters. As the summer progresses, the Black Voters for Biden-Harris organizational effort will partner with community groups to register voters and strengthen voter protection efforts.
Persons: Joe Biden, Kamala Harris, Biden, Donald Trump, Harris, It’s, Biden’s, , Trump, , Black, Brown, He’s, I’m, ” Trump, — Donald Trump, , Quentin Fulks Organizations: Philadelphia CNN, Black, Black Voters, Biden, White House, Team Biden, Democratic Party, New York Times, Siena College, Trump, Morehouse College, NAACP, Chamber of Commerce, Republican Party, White Locations: Philadelphia, Siena, CNN’s, Atlanta, Detroit, Black, South Carolina, Bronx
Hong Kong CNN —A rebound in Apple’s iPhone sales in China is gaining momentum, after the company aggressively cut prices in its largest overseas market to lure back consumers actively hunting bargains in a weak economy. The increase is a major acceleration from the 12% growth logged in March by foreign-branded smartphones, according to previous data from CAICT. But iPhone sales started to bounce back in March after Apple and its retail partners slashed prices, according to CAICT data. The hefty reductions are “the only way” for Apple to defend its market share in China, Jefferies analysts said earlier this week. That will help Apple regain its lost market share but is also likely to put pressure on its competitors to cut prices further.
Persons: Apple, Jefferies, Organizations: Hong Kong CNN, CNN, China Academy of Information, Communications Technology, Ministry of Industry, Information Technology, Global Times, Apple, Counterpoint Research, Huawei, Alibaba, Xiaomi Locations: China, Hong Kong
My dad owned a wide variety of businesses. My dad worked the grill and made the hot dishes while my mom took customer orders and packed the food. AdvertisementI vouched for my dad at my jobMy dad told me that he still wanted to work after he sold the lease. That's when I thought he could get a job working in the kitchen at the hospital where I worked. I talked to the manager of food services at my hospital and asked if they'd give my dad a job in the kitchen.
Persons: he'd, Ryu, Grace Ryu, , He's, they'd, I'd, he's, I've, She's Organizations: Service, Business Locations: Maryland, Baltimore, Ocean City, California, America
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nasdaq hits record in muted tradeThe Nasdaq Composite closed above 17,000 for the first time, driven by a surge in Nvidia shares, in an otherwise lackluster day for the market. The yield on the 10-year Treasury note rose following a $70 billion Treasury Department auction of 5-year notes that met with weak demand. T-Mobile plans to use U.S. Cellular's wireless spectrum to improve coverage in rural areas.
Persons: Neel Kashkari, Vasu Raja, Raja, Ryan Salame, Sam Bankman, Salame, Todd Gordon Organizations: CNBC, Nasdaq, Nvidia, Dow Jones, Minneapolis Federal, . American Airlines, American Airlines, Mobile, U.S, Cellular, U.S . Cellular, GameStop, Commission
After finally dropping below 7% earlier this month, 30-year mortgage rates have been holding relatively steady in the mid-to-high 6% range, according to Zillow data. Once the Fed is able to start lowering rates, mortgage rates are expected to fall. Mortgage rates are expected to go down this year, but they might not drop as much as initially expected. See more mortgage rates on Zillow Real Estate on ZillowToday's refinance ratesMortgage type Average rate today This information has been provided by Zillow. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.
Persons: you'll, Fannie Mae Organizations: Federal, Consumer, Mortgage, Zillow, Association, Sky Locations: March's, Chevron
When her daughter enrolls in kindergarten soon, Horrocks said she will return to the workforce but not to the high-stress position she held. Instead, given the luxury to pursue her passions, she's considering financial coaching or planning as options. "I think work is not the goal. She no longer needs to strive for the highest-paying or most prestigious position, and she's considered becoming a financial coach to help people achieve their financial goals. "Also, a lot of financial advisors don't have their client's best interests at heart and aren't wealthy themselves."
Persons: Sabina Horrocks, Horrocks, isn't hustles, Nobody's, We've, They've, we've, she's Organizations: Service, Business, Advisors Locations: Chicago
Judgment day looms for Donald Trump in New York
  + stars: | 2024-05-29 | by ( Stephen Collinson | ) edition.cnn.com   time to read: +12 min
CNN —Donald Trump, who built a mystique as the brash epitome of power, has never been more powerless to dictate his own fate. In order to convict Trump, jurors must first decide that he falsified financial documents and did so with the express purpose of committing another crime. That was evidenced, today by the Biden campaign themselves holding a rally here,” Don Trump Jr. said. “You cannot convict President Trump,” Blanche said, before repeating himself for emphasis while impressing on the jury the gravity of the historic deliberation that lies before them. “You may say, who cares if Mr. Trump slept with a porn star 10 years before the 2016 election?
Persons: Donald Trump, Judge Juan Merchan, , Joshua Steinglass, Stormy Daniels, Trump, Daniels, Todd Blanche, Michael Cohen, , Blanche, there’s, Joe Biden, Robert De Niro, Biden, , Don Jr, Eric, ” Don Trump Jr, it’s, Pop Michael Jackson, That’s, Trump’s, Michael Cohen Trump, histrionics, ” Blanche, Cohen, Steinglass Organizations: CNN, Prosecutors, Trump, Hollywood, Capitol, Biden, GOP Locations: New York City, York, New York
Can South Africa’s Opposition Parties Break Through?
  + stars: | 2024-05-29 | by ( John Eligon | ) www.nytimes.com   time to read: +2 min
Papi Mazibuko, a 50-year-old library assistant, decided it was time to switch teams and vote for the Democratic Alliance, the leading opposition party in the national elections in South Africa on Wednesday. The neighboring municipality, run by the Democratic Alliance, had a good record of delivering basic utilities. South Africa’s opposition has long failed to inspire voters, political analysts say. will fall below 50 percent of the national vote. A record 51 opposition parties on the national ballot are trying to sell South Africans on the idea that the country would be better off without the A.N.C.
Persons: Papi Mazibuko, Mazibuko, John Steenhuisen, , Andile Organizations: Democratic Alliance, African National Congress, Fighters Locations: South Africa, Evaton, Johannesburg
CNN —Rivers and streams in Alaska are changing color – from a clean, clear blue to a rusty orange – because of the toxic metals released by thawing permafrost, according to a new study. Ken Hill/National Park ServiceArctic soils naturally contain organic carbon, nutrients and metals, such as mercury, within their permafrost, the study says. “It’s really an unexpected consequence of climate change.”Researchers used satellite imagery to determine when the change in color happened at different rivers and streams. In Alaska’s Arctic rivers alone reside a variety of fish that are “critical for subsistence, sport, and commercial fisheries,” researchers wrote. Poulin said local communities voiced their concerns and observations to study researchers beginning seven years ago.
Persons: CNN —, “ We’re, , Brett Poulin, Ken Hill, Poulin, “ It’s Organizations: CNN, National Park Service, University of California, Geological Survey, Communications, Environment, UC Davis, Park Service, Water Resources Research Locations: CNN — Rivers, Alaska, Davis, Alaska’s, California, Appalachia, Alaska's Gates, Alaska’s Gates, Park Service Alaska, Chilean, Spain
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