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☆ UK election 2024: Everything you need to know
▼ + stars: | 2024-05-23 | by ( Rob Picheta | ) edition.cnn.com time to read: +11 min

Rishi Sunak’s rival for power is Labour leader Keir Starmer, who is heavily favored to become Britain’s new prime minister in July. Labour leader Keir Starmer -- the frontrunner in the election -- launches his campaign in Gillingham on Thursday. Given Labour’s standing in the polls, Starmer is more equipped to take the fight to other groups. In the UK, voters don’t elect a prime minister directly. But this is a formal role only; the King won’t contradict his prime minister or overrule the results of an election.

Persons: CNN —, Rishi Sunak, We’ll, Keir Starmer, Sunak, Downing, Maja Smiejkowska, – Sunak, Boris Johnson’s, Liz Truss, Boris Johnson, Johnson, Stefan Rousseau, Jeremy Corbyn, Theresa May, Sunak hasn’t, –, Starmer, Henry Nicholls, Rishi Sunak’s, Gareth Fuller, Reform Party –, David Cameron, King Charles III, won’t Organizations: CNN, CNN — Britain’s, Labour, Reuters, Sunak’s Conservative Party, Liberal Democrats, Conservatives, Conservative, Party, Getty, European Union, Reform Party, Scottish National Party, Green Party, National Health Service Locations: Westminster, Rwanda, England, AFP, Gillingham, Gaza

CNBC reached out to the SEC about the recent batch of Wells notices sent to crypto firms, and an agency spokesperson declined to comment. Exchanges, both centralized and decentralized, would be forced to choose between registering with the SEC, or delisting ether altogether. watch nowBoth Consensys and Uniswap suggest the SEC's broad approach to classifying securities may be outdated. "The SEC is arguing that the Uniswap protocol is an unregistered securities exchange, and that the Uniswap interface and wallet are both unregistered broker brokers," Ammori said. Uniswap argues in its response to the SEC that the majority of its trading volume is obvious nonsecurities, like ether, bitcoin and stablecoins.

Persons: Marvin Ammori, “ Ammori, Wells, Consensys, overreach, Joseph Lubin, Lubin, “, —, Christopher Gerold, Laura Brookover, Brookover, ethereum, Bill Hinman, Hinman, Patrick McHenry, Gary, Crypto, haven't, Uniswap, Ammori, there's, Alma Angotti, Guidehouse, Coinbase, We've, Christina Rea, We're, CNBC's Jordan Smith Organizations: Securities and Exchange Commission, Uniswap, SEC, Ethereum Foundation, CNBC, Security, New, New Jersey Bureau of Securities, Consensys, Securities, Exchange Commission's, of Corporation Finance, Rep, Robinhood Locations: U.S, Lubin, New Jersey, ethereum, R

☆ Opinion: We Germans are making Trump ‘thunderstorm’ plans
▼ + stars: | 2024-05-21 | by ( Opinion Anna Sauerbrey | ) edition.cnn.com time to read: +12 min

That’s scary.” If Trump is elected, Jörg is convinced, he would withdraw American troops from Europe and stop aid to Ukraine. Jim Bourg/AFP/Getty ImagesSix months ahead of the vote, this soccer field conversation reflects the German view of the US elections quite well. Kirill Kudryavtsev/AFP/Getty ImagesIt’s an optimistic view, based on the assumption that Trump will act rationally, as a deal-maker, if elected. What if Trump tries to take America out of NATO or creates a “dormant NATO,” a NATO existent only in name? Another Trump presidency would not only put Germany’s security at risk, but also manifest this view of the US for another four years.

Persons: Thomas Ernst Editor’s, Anna Sauerbrey, Read, ’, ”, Jörg, Miguel, Donald Trump, “, “ Trump, Trump, “ I’m, Piero, Joe Biden, Jim Bourg, Europe’s, Russia “, Olaf Scholz, Michael Kappeler, ” Scholz, mums, Annalena Baerbock, Greg Abbott, Biden, Kirill Kudryavtsev, George H, Bush’s, Barack Obama, Obama, Heinz M, Schahina Gambir, Gambir, Roe, Wade, Bob Parent Organizations: Zeit, Berlin CNN —, Köpenicker FC, CNN, Biden, Trump, Getty, NATO, Republican, European Union, European Central Bank, EU, ”, Dallas Mavericks, Mavericks, LA Clippers, NBA, Green, Bundestag Locations: Berlin, America, Taiwan, Europe, Ukraine, Italy, AFP, Gaza, Germany, Russia, United States, Trump, Texas, China, Poland, France, Frankfurt, Kabul, New York City, New York

☆ Sources say they were ‘duped’ by Egypt changing ceasefire terms for Hamas
▼ + stars: | 2024-05-21 | by ( Alex Marquardt | Jeremy Diamond | ) edition.cnn.com time to read: +8 min

The ceasefire agreement that Hamas ended up announcing on May 6 was not what the Qataris or the Americans believed had been submitted to Hamas for a potential final review, the sources said. “We were all duped,” one of those sources told CNN. More of Hamas’ demands were inserted into the original framework that Israel had tacitly agreed to in order to secure Hamas’ approval, the source said. After discovering the Egyptian freelancing, Qatari Prime Minister Mohammed bin Abdulrahman bin Jassim Al Thani informed Israel’s intelligence service Mossad that Egypt had acted alone, two of the sources told CNN. The day before Hamas made their May 6 public announcement agreeing to the proposal, an Egyptian source told CNN that Egypt had received Hamas’ response and relayed it to the Israeli side.

Persons: Israel, Bill Burns, Burns, ”, Ahmed Abdel Khalek, Abdel Khalek, Abbas Kamel, ’, Abdel Kareem Hana, Antony Blinken, Mohammed bin Abdulrahman bin Jassim Al Thani, Benjamin Netanyahu, “, Bill Burns Bill Clark, Biden, Yahya Sinwar doesn’t, Critics of Netanyahu Organizations: CNN, Hamas, CIA, US, Biden, Military Locations: Gaza, Qatar, Israel, Egypt, Al Thani, Cairo, Washington, Rafah

☆ I didn't change my name after I got married despite being traditional in other ways. It doesn't make me less in love.
▼ + stars: | 2024-05-20 | by ( Danielle Hayden | ) www.businessinsider.com time to read: +3 min

I got engaged at 23 and married my college sweetheart in a big church wedding. I didn't like how that felt, seeing last names that didn't match. To this day, I still sometimes get cards in the mail from family members addressed to Danielle James or even Danielle Hayden James, his last name tacked on right after my own. That doesn't make them any less "in love" or any less of a family unit. And once, when we rented a car, an employee didn't believe we were married and, therefore, both were permitted to drive, despite our wedding rings and my insistence.

Persons: I've, James, you've, Danielle Hayden …, Danielle James, Danielle Hayden James, I'm, —, didn't, Hayden Organizations: Facebook

☆ Study proves black holes have a ‘plunging region,’ just as Einstein predicted
▼ + stars: | 2024-05-17 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +6 min

Using telescopes capable of detecting X-rays, a team of astronomers has for the first time observed this area — called the “plunging region” — in a black hole about 10,000 light-years from Earth. The study’s findings could help astronomers better understand the formation and evolution of black holes. One thing that’s missing from the study is an actual image of the black hole, because it is too small and far away. But another team of Oxford researchers is working on something even better than a picture: the first movie of a black hole. “For example, it can be used to measure the rotation rate of the black hole,” said Reynolds, who was not involved in the study.

Persons: CNN — Albert Einstein, “ We’ve, ”, Andrew Mummery, ” It’s, Einstein’s, Mummery, “, We’ve, ” Mummery, Weiss, Christopher Reynolds, Reynolds, Dan Wilkins, Wilkins, ” Wilkins Organizations: CNN, Royal Astronomical Society, Leverhulme, Peierls, University of Oxford, NASA, Space, JPL, Caltech, Oxford, University of Maryland, College, Stanford University in Locations: United Kingdom, Africa, Namibia, Stanford University in California

The question for some of us is, why some people want to keep working decades beyond retirement age? CNN Opinion editor Stephanie Griffith asked seven people who are past the conventional retirement age why they are still at the job and got as many responses as there were respondents. They continue to work happily and productively, and were happy to explain to us how and why they do it. Over the years I’ve had to adapt frequently to the changing technology, which isn’t always easy for someone my age. That may be the secret of working well past the time society tells us we’re supposed to retire.

Persons: CNN —, Howard Tucker, Tucker, he’ll, ” Tucker, Joe Biden, Donald Trump —, Trump, ageist, Biden, Stephanie Griffith, Vincent, Austin Tucker, I’ve, isn’t, “, Taylor Taglianetti, Gayle Fleming, it’s, I’m, —, Gayle Fleming Michael Ventura, Biden —, Charles Simon, Ana Marie Forsythe, Alvin, Ana Marie Forsythe Kyle Froman, — Joyce Trisler —, Joyce, She’d, Lester Horton, Alvin Ailey, Ailey, Ailey School Martha Graham, José Limón, Horton, don’t, Marjorie Perces, Cheryl Bell, didn’t, Babette Coffey, you’ve, you’re, David A, I, Pamela S, Donald Trump, Maggie Mulqueen, Alan Steele, Joan Steinau Lester, ”, Carole Johnson, — I’m, Octogenarians Organizations: CNN, Records, Biden, Vincent Charity Medical Center, Case Western Reserve University, St, AI Society, Computer, MSNBC, Society, Alvin Ailey School, Dance Media, Juilliard, Ailey School, Alvin, Alvin Ailey American Dance, Vassar College, Ailey, Horton Department, The New York Times, CBS, American, French Legion of, Social Security, Twitter Locations: Ohio, St, Cleveland, one’s, Seattle , Washington, Cambridge , Massachusetts, West, Horton, New York City, ”, Brookline , Mass, drmaggiemulqueen.com

☆ Meme Stock Craze: the Sad Return of Roaring Kitty, GameStop, and AMC
▼ + stars: | 2024-05-16 | by ( Emily Stewart | ) www.businessinsider.com time to read: +5 min

Gill, who goes by Roaring Kitty on X and YouTube and by DeepFuckingValue on Reddit, was at the center of the 2021 GameStop saga. Shares of AMC, GameStop's fellow meme stock, surged by nearly 80% on Monday and 30% on Tuesday. What's changed is Roaring Kitty is tweeting, and not even really about a company. If you bought GameStop or AMC shares in 2021, it might not be a bad time to consider selling some to break even. Roaring Kitty is back, and people are tossing their money into the GameStop slot machine.

Persons: Keith Gill, Gill, Roaring Kitty, DeepFuckingValue, Davids, — Gill, tweeting, hasn't, me Gill, they're, it's, Robinhood, Bitcoin, Matt Damon, Eminem, Peter Kafka, cryptocurrency, Kitty Organizations: GameStop, YouTube, Porsche, AMC, UFC Locations: Massachusetts, What's, America

☆ Danaher's rally shows how sticking with a troubled stock of a good company can pay off
▼ + stars: | 2024-05-15 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Market talk : The S & P 500 and Nasdaq jumped to new intraday highs Wednesday, extending the gains from the prior session's late-day rally. In fact, the S & P 500 broke above 5,300 for the first time ever. The one thing we're staying guarded about in this rally is how overbought the stock market has become. You have to go back to last December to find a time when the S & P 500 Short Range Oscillator was this overbought. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, Dow, Jan, Danaher, prudently, Cramer, we're, Jim Cramer's, Jim Organizations: CNBC, Nasdaq, Bank of America Healthcare, Disney, Cisco Systems, Walmart, Deere, Baidu, Jim Cramer's Charitable Locations: China

☆ Citi makes the bull case for defense stocks and gives its favorite picks
▼ + stars: | 2024-05-13 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Wall Street is under-appreciating the growth outlook for the defense sector, according to Citi. Nonetheless, Citi remains confident in "the bull case for defense." Defense companies historically trade at a premium to the rest of the market when defense budgets grow, Gursky said. Here are some of Citi's favorite defense picks, all of which have a buy rating from the bank. Citi's $525 price target implies almost 12% upside from Friday's close.

Persons: Jason Gursky, Gursky, Leidos, Lockheed Martin Organizations: Citi, P Aerospace, Defense, Citigroup, Leidos Holdings, Lockheed, SAIC, International Corps Locations: Friday's

☆ In case you missed: More of Warren Buffett's insights from the latest Berkshire meeting
▼ + stars: | 2024-05-12 | by ( Yun Li | ) www.cnbc.com time to read: +5 min

"Under certain market conditions, we could deploy quite a bit of money in repurchases," he said at the shareholder meeting. Berkshire paid $9.2 billion in all of 2023 to repurchase both Class A and Class B shares. "I think it's a fair assumption that [cash holdings] will probably be about $200 billion at the end of this quarter," Buffett said. Cash is attractive Asked about the lack of action to invest his mountain of cash, Buffett revealed that he finds cash attractive right now compared to other assets, especially equities. "If I saw one of those now, I'd do it for Berkshire," Buffett said, referring to his Japanese bet.

Persons: Warren Buffett, Buffett, Cash, he's, Benjamin Graham, I've, Greg Abel Buffett, Greg Abel, Buffet, Abel, Greg, Ajit, Ajit Jain Organizations: Berkshire Hathaway, Berkshire buybacks Berkshire, Companies, Apple, Treasury, Berkshire, Columbia University Locations: Woodstock, Berkshire, repurchases

☆ S&P 500 rebounds to less than 1% from a record after orderly three-week pullback
▼ + stars: | 2024-05-11 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

The five-month, 28% sprint from the October correction low to the record high on the last trading day of the first quarter left the S & P 500 overbought, overheated and over-loved. .SPX YTD mountain S & P 500, YTD So far, so good, three weeks down and now three weeks up, taking the S & P 500 back to within 1% of its March 28 peak. More specifically, he tracks the correlation between S & P 500 and the Citi Economic Surprise Index. Fidelity Investments head of global macro Jurrien Timmer fashioned this look at the path of S & P 500 earnings heading into and through each calendar year, with 2024 holding up better than 2023 was last year at this time. The last time the S & P 500 was at today's level above 5200 in late March, the 12-month forward price/earnings multiple was 21.

Persons: that's, Jerome Powell, Scott Chronert, It's, Powell, Lori Calvasina, we've Organizations: U.S, Bank, Citi, Citi U.S, Fidelity Investments, Treasury, RBC Capital

☆ Opinion | Is There a Post-Religious Right?
▼ + stars: | 2024-05-10 | by ( Ross Douthat | ) www.nytimes.com time to read: +3 min

My one-liner “captured a widely shared assumption” that Trump’s rise signaled “the birth of an irreligious right animated by white racial grievance,” he wrote. The old religious right may have suffered a fatal blow in 2016. But what succeeded it was not a post-religious racialist party, as some feared and others hoped. was preparing to establish white supremacy now are more likely to denounce its ambitions as “Christian nationalist.” Whatever else one makes of this charge, it implies an acknowledgment that a post-religious right has failed to materialize. But when Schmitz says a post-religious right has “failed to materialize” I have to strongly disagree.

Persons: Donald Trump, Matthew Schmitz, “, ”, that’s, Schmitz, Mitt Romney, Republican pollster Patrick Ruffini, Vance, George W, Bush, Trump, Norman Vincent Peale Organizations: Republican, Trump, Christian, Republican Party Locations: American, Ohio

☆ An Nvidia partner and more: Morgan Stanley names tech stocks set for a boost from Arm-based PC chips
▼ + stars: | 2024-05-10 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

The bank therefore expects Arm-based AI PCs to "start a transformation that will affect the global semis industry." Morgan Stanley added it believes that Apple may expand its Arm-based CPU to AI servers as well. The bank estimates that AI PCs will reach a penetration rate of 95% by 2027 — up from 8% in 2024. Stocks What stocks will benefit from Arm's foray into AI PCs? As for TSMC, Morgan Stanley says its foundry market share with the "x86" CPU market will grow.

Persons: Morgan Stanley, That's, TSMC, MediaTek, bode, — CNBC's Michael Bloom Organizations: Microsoft, Intel, AMD, Qualcomm, Apple, Nvidia Locations: British, Taiwan

☆ China is untangling its economy from the West. It could be preparing for long-term tensions — and an invasion of Taiwan
▼ + stars: | 2024-05-10 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

What's more, Xi Jinping has told the Chinese military to prepare for war and said that reunification with Taiwan is inevitable. But not everyone thinks a Chinese military move is necessarily imminent. If China was actively preparing for a near-term invasion of Taiwan, Kennedy said there are a few things he might expect to see first. AdvertisementIf China does invade, the global economic impact would be huge, and despite its efforts to secure its economy, China would likely be far from unscathed. "Any action against Taiwan would be disastrous for China's economy," Chilukuri said.

Persons: —, Vivek Chilukuri, Scott Kennedy, It's, Chilukuri, Xi Jinping, China's, Jinping, Kennedy, he'd Organizations: Service, Business, West, Center, New, New American Security, Center for Strategic, International Studies Locations: China, Southeast Asia, Europe, US, Taiwan, New American, United States, Russia, Ukraine, Hong Kong

☆ Opinion | Why Conservative and Liberal Catholics Can’t Escape One Another
▼ + stars: | 2024-05-08 | by ( Ross Douthat | ) www.nytimes.com time to read: +2 min

A college of supposedly conservative cardinals elected a surprisingly liberal pope. It seemed as though liberal Catholicism had been merely hibernating, awaiting a new pope, a new spring. But lately, in both Rome and the United States, I’ve had conversations with well-informed Catholics in which the old conservative confidence has made a comeback. The fear that the next pope might be another liberalizer, younger and more ambitious than Francis, has largely receded. This new confidence reflects a specific reading of the waning years (or what are probably the waning years) of the Francis pontificate.

Persons: Pope Francis, Pope John Paul II, Pope Benedict XVI, I’ve, Francis Locations: Rome, United States

☆ Biden faces widening partisan split over Israel
▼ + stars: | 2024-05-06 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +17 min

CNN —President Joe Biden is facing more critical moments this week that will test his fraught relationship with his base over Israel’s war in Gaza and potentially widen the partisan split about the Jewish state that has been building for years. Against this backdrop, partisan polarization about Israel among American voters was already widening years before the brutal Hamas attack last October and the devastating Israeli response it triggered. An array of polls this spring show how the war in Gaza has hardened this partisan split. Nearly half of Democrats, but only a little over one-fifth of Republicans in the CBS poll, said the US should pressure Israel to stop the fighting. “Biden has a Democratic caucus that is putting a lot of faith in this process,” she said.

Persons: Joe Biden, Long, Benjamin Netanyahu, Netanyahu, “, ”, Aaron David Miller, Biden, Harry Truman, Lyndon B, Johnson, Jimmy Carter, Bill Clinton, Dwight Eisenhower, Richard Nixon, Ronald Reagan, George H.W, Bush, Reagan, George W, Donald Trump, Clinton, Barack Obama, Republicans —, Obama, Israel, Biden —, Gallup, Trump, That’s, Chuck Schumer, Mike Johnson, Biden’s, Jamaal Bowman, Cori Bush, Waleed Shahid, Shahid, David, it’s Goliath, David ”, Miller, “ Biden, ’ ”, Ben Rhodes, ” Biden, “ We’re, Saudi Arabia — “, Mark Mellman, Schumer, Sen, Bernie Sanders, Israel’s, Chris Murphy of, Chris Van Hollen, Chris Coons, Tim Kaine, Virginia, Van Hollen, Amanda Klasing, — Organizations: CNN, Israel, Republican, Democratic, Gallup Organization, Carnegie Endowment, International Peace, Holocaust Memorial, GOP, Whites, Republican Party, Republicans, Gallup, Trump, Chicago Council, Global Affairs, Quinnipiac University, CBS, Liberal, American Israel Public Affairs Committee, AIPAC, National Security Council, Amnesty International, Amnesty Locations: Gaza, Israel, United States, Iran, Quinnipiac, Washington, New York, Missouri, Yom Kippur, Saudi Arabia, Sens, Chris Murphy of Connecticut, Maryland, Delaware, Rafah

Berkshire Hathaway Chairman and CEO Warren Buffett on Saturday addressed losses tied to bets on Paramount Global , as well as his reasoning behind slashing the company's Apple stake by 13% . Buffett opined that trimming the company's stake in Apple was in part due to tax reasons after the stock roared in 2023. Coca-Cola, Apple Buffett said Apple and Coca-Cola will remain premier holdings in Berkshire's portfolio. American Express The "Oracle of Omaha" highlighted credit card firm American Express as another favorite, noting the company's growing position in the consumer credit sector. Warren Buffett and Greg Abel during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024.

Persons: Warren Buffett, Buffett, we've, Apple Buffett, BYD Buffett, Charlie Munger, Charlie, BYD, Munger, Cash, Treasurys Buffett, Greg Abel Organizations: Berkshire Hathaway, Paramount Global, Apple, Paramount, Express, American Express, Oracle, American, Costco, Berkshire, CNBC Locations: Omaha, Costco . Berkshire, Omaha , Nebraska

☆ Apple is about to jump into the AI race. Here's what analysts expect it to do
▼ + stars: | 2024-05-03 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

AAPL 1D mountain Apple shares on Friday More substantive updates on Apple's latest AI offerings in both hardware and services are expected to come during its Worldwide Developers Conference in June. According to JPMorgan's Samik Chatterjee, the focus during the event will primarily be on the AI features Apple will include in its iOS 18 software. Mohan holds a buy rating on shares and slightly increased his price target to $230 from $225. "We think Apple can deliver AI upside without the AI capex we see elsewhere," Evercore ISI analyst Amit Daryanani wrote in a Thursday note following the earnings. "Apple is accelerating investments in Generative AI and [is] set to introduce new features at its most important developer conference ever."

Persons: Apple didn't, Wall, JPMorgan's Samik Chatterjee, Wamsi Mohan, Mohan, Amit Daryanani, Morgan Stanley's Erik Woodring, Woodring, Wells Fargo's Aaron Rakers, Rakers, America's Mohan, Michael Bloom Organizations: Apple, Worldwide Developers Conference, of America, America's Locations: WWDC

The development throws up a major roadblock for Skydance, a movie studio that has been negotiating a complicated deal to merge with Paramount for months. Many Paramount investors have come out against that deal, saying it would enrich Shari Redstone, the company’s board chair, at the expense of other shareholders. The 30-day period for exclusive talks with a special committee of Paramount’s board expires at the end of Friday. The company could wait for Paramount to re-engage in negotiations, could make a higher bid or could walk away. The company is wary of being used by Paramount to drive up the price for another bidder.

Persons: Shari, David Ellison Organizations: Paramount, Hollywood, MTV, Nickelodeon, RedBird Capital Partners, Sony Pictures Entertainment, Apollo Global Management

☆ TikTok agrees deal with Universal Music Group, bringing back the world’s biggest artists
▼ + stars: | 2024-05-02 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

London CNN —Ariana Grande, Adele and Rihanna will soon be back on TikTok, joining Taylor Swift after a deal with Universal Music Group ended a feud that saw one of the world’s biggest record labels pull its music from the video platform. The licensing agreement, announced Wednesday, means that within one to two weeks TikTok’s 1 billion-plus users will be able to use music by UMG artists in their videos. All videos featuring Universal artists’ music that had previously been muted because of copyright violations will be unmuted. “We are pleased to have found a path forward with Universal Music Group,” TikTok CEO Shou Chew said in a joint statement. Universal pulled its music off TikTok in February after the two companies failed to reach an agreement on royalty fees for Universal’s artists, who also include Lady Gaga, Coldplay and Justin Bieber.

Persons: London CNN — Ariana Grande, Adele, Rihanna, Taylor Swift, Michael Nash, Shou Chew, Lady Gaga, Coldplay, Justin Bieber, TikTok, ” Organizations: London CNN, Universal Music Group, ”, UBS, Universal, TikTok, Poets Department Locations: TikTok

☆ How to generate some return in beaten-down Starbucks using options following its earnings rout
▼ + stars: | 2024-05-02 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

Starbucks (SBUX) on Wednesday traded nearly seven times the 20-day average equity volume and 10 times the average daily options volume as the shares fell nearly 16%. It was the fourth-worst trading day for Starbucks since the company's IPO in 1992. And with respect to China specifically, Starbucks said the recovery there has been "choppy" with intense price wars. Starbucks reported $8.56 billion in second-quarter revenue, which represents a year-on-year decline of 1.8%. Don't try to catch a falling knife This presents a significant challenge for an investor in Starbucks stock.

Persons: Clinton, James Carville, SBUX Organizations: Wednesday, Starbucks Locations: China

☆ Stone Age Paleo diet was not rich in meat, scientists say
▼ + stars: | 2024-04-30 | by ( Katie Hunt | ) edition.cnn.com time to read: +7 min

CNN —What did people in the Stone Age eat before the advent of farming around 10,000 years ago? Scientists analyzed chemical signatures preserved in bones and teeth belonging to at least seven different Iberomaurusians and found that plants, not meat, were their primary source of dietary protein. The evidence suggested that the Iberomaurusians consumed “fermentable starchy plants” such as wild cereals or acorns, according to the study. The work undermines the idea that a Stone Age diet was meat heavy — a rigid assumption perpetuated by present-day dietary trends like the Paleo diet. The transition to agriculture was a complex process that occurred at different times and proceeded at different rates, in different ways with different foods, in different places, Pobiner said.

Persons: Heiko Temming, ”, Zineb Moubtahij, Max Planck, Klervia Jaouen, ” Jaouen, Iberomaurusians, ” Moubtahij, —, Briana Pobiner, wasn’t, Jaouen, Pobiner, “ Organizations: CNN, Géosciences Environnement, Max Planck Institute, Stone, Smithsonian National Museum of Locations: what’s, Morocco, Cave, Géosciences Environnement Toulouse, France, Leipzig, Germany, Taforalt, Peru, Levant

☆ Inside NBC's ingenious scheme to snatch NBA rights from Warner Bros. Discovery's TNT
▼ + stars: | 2024-04-30 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Discovery's TNT is dangerously close to being left out of the NBA's next TV deal after rival NBC made a massive offer, according to a recent report from The Wall Street Journal. A source familiar with the negotiations told Business Insider that a deal hasn't been finalized and offers are always changing. Still, it's not clear that paying an average of $2.5 billion a year for NBA rights will be profitable. AdvertisementJoe Bonner, a media analyst at Argus Research, has been under the assumption that WBD can and will retain NBA rights even though its cable-TV revenue is steadily shrinking.

Persons: —, hasn't, NBA hasn't, Craig Moffett, Peacock, Moffett, it's, Joe Bonner, Bonner Organizations: Service, Warner Bros, TNT, NBC, Wall Street Journal, Business, NBA, ESPN, Amazon, Puck, Comcast, Argus Research

☆ I took a higher-paying job instead of one where I could work from home. I'm not sure it was the right move.
▼ + stars: | 2024-04-30 | by ( Tim Paradis | ) www.businessinsider.com time to read: +7 min

He recently took a government job that paid more than another role where he would have been able to work remotely four days a week. While he likes the job, he has a long commute, so some days he's not sure he made the right decision. And I really like the work I'm doing now in this new job. What if we matched the salary and gave you one day working from home?" You can't be like, "Oh, I'm happy to work from home," and then do absolutely nothing because it's so obvious.

Persons: Erik Bernard, Bernard, —, he's, Erik Bernard Plus, I've, we've, It's, Erik Bernard I, I'm, you'll, aren't Organizations: Service Locations: Brisbane, Australia, America

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