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☆ What it’s really like to live in Antarctica
▼ + stars: | 2024-05-23 | by ( Lilit Marcus | ) edition.cnn.com time to read: +14 min

The Minnesota native first went to the White Continent in 2007 to work as a janitor at McMurdo Base, one of the three US outposts there. She was one of half-a-dozen people staffing the world’s southernmost post office, UK-administered Port Lockroy. Counting penguins is one of the roles Port Lockroy staff have during their time in Antarctica. Once you get the Antarctica bug, Long and Nelson say, it’s pretty hard to get rid of. In a fast-paced globalized world where everyone is on their phones all the time, Antarctica offers a rare opportunity to live a different kind of life.

Persons: United States –, Keri Nelson, Amundsen, ” Nelson, “, McMurdo, Palmer, Evan Townsend, ” Keri Nelson, ”, Nelson, Scott Base, –, Scott, Keri Nelson “, Chris Long, Long, Laura Bullesbach, Bridie Martin, Laura Bullesbach doesn’t, you’re, You’re, Port Lockroy, Bullesbach, Clare Ballantyne, ” Long, Keri Nelson Long, he’s, vacationer, ” Klaus Dodds Organizations: CNN, United, Antarctic, Minnesota, Base, Scott, Palmer, grownups, McMurdo Base, McMurdo, US, Geographic, Pole, Ocean, Scott Base, Port, Lockroy, Port Lockroy, Electronics, University of London Locations: Antarctica, Chile, Japan, Australia, United States, McMurdo, New, Ross, Amundsen, New Zealand, Russian, South America, Port Lockroy, Lockroy, Port, Denver, China

☆ Dollar hovers near highest in a week after hawkish Fed minutes
▼ + stars: | 2024-05-23 | by ( ) www.cnbc.com time to read: +3 min

The yen l anguished just above a three-week low despite the continued threat of intervention by Japanese officials. The dollar index, which tracks the currency against six major rivals including the euro , sterling and yen, was little changed at 104.89 after gaining 0.28% overnight. The dollar was little changed at 156.77 yen after rising to 156.85 overnight, the highest since May 1. Traders and analysts suspect Japan's Ministry of Finance intervened several times to support the yen following its plunge to a 34-year low of 160.245 per dollar on April 29. Bigger rival bitcoin was little changed at $69,491 after reaching $71,957 on Tuesday for the first time since April 9.

Persons: Sterling, Ether, James Kniveton, Japan's, Rishi Sunak, bitcoin Organizations: Bank of Japan, Reserve, Federal, Traders, of Finance, Bank of England, Conservatives, Labour Party, Labour, Securities

☆ Buthidaung: Fires rage as Rohingya caught up on the front lines of Myanmar’s civil war
▼ + stars: | 2024-05-23 | by ( Helen Regan | Avery Schmitz | ) edition.cnn.com time to read: +11 min

This satellite image shows Buthidaung, Myanmar, on January 17, 2024. © 2024 Maxar Technologies This satellite image shows Buthidaung, Myanmar, on May 18, 2024. This satellite image shows a damaged bridge in Buthidaung, Myanmar, on May 18, 2024. Warnings of further atrocitiesAn immediate concern is a humanitarian crisis in Rakhine state, with newly displaced residents unable to access food or clean water. The Myanmar military has blocked all access,” said Nay San Lwin.

Persons: Farooq, ”, Young, Volker Türk, Kyaw, –, Buthidaung –, “, John Quinley, Khaing, Lwin, Rohingya, Pan, Matthew Miller Organizations: CNN, Arakan Army, AA, Resource Management, Free Rohingya Coalition, International Court of Justice, Council, Myanmar, UN Human Rights Council, National Unity Government, Free Rohingya Coalition –, Maxar Technologies, “, ” CNN, Bangladesh, Labs, Medecins, Rakhine . State Department, Unity Government Locations: Myanmar’s, Myanmar, Rakhine, Arakan, Bangladesh, Buthidaung, Lwin, Indonesia, San Lwin, Rakhine State

☆ New Caledonia unrest: Tourists stranded and desperate as Macron arrives in strife-torn French territory
▼ + stars: | 2024-05-23 | by ( Jessie Yeung | Hilary Whiteman | ) edition.cnn.com time to read: +7 min

Other Australians stranded have had to go scrounge coconuts to eat,” he said. Maxwell Winchester and his wife, an Australian couple stranded in New Caledonia after the unrest broke out. But Winchester said he and other tourists have no sense of when it might be their turn. People line up at a store for supplies in New Caledonia, with larger supermarkets nearby burned and looted during the riots on the French territory. And among the stranded tourists, frustration is growing over what they say is a lack of assistance or clear instructions from their governments.

Persons: Maxwell Winchester, it’s, We’ve, ”, Emmanuel Macron, “, “ We’re, Winchester, Macron, Prisca Thevenot, Theo Rouby, we’re, – Organizations: CNN, ”, New Zealand, Facebook, Australia’s Department of Foreign Affairs and Trade, New Zealanders, Olympic, Paris Olympic Games, ” CNN, Getty Locations: South, New Caledonia, Victoria, Australian, ” Australia, New, Brisbane, Australia’s, ”, Brisbane , New Caledonia, Paris, France, “, Winchester, Noumea , New Caledonia, AFP, French

☆ Civilian killed by Russian forces while evacuating border town, Ukrainian prosecutors say
▼ + stars: | 2024-05-22 | by ( Svitlana Vlasova | Radina Gigova | ) edition.cnn.com time to read: +4 min

Another civilian was also killed during the shooting, which took place on May 15, the Kharkiv Regional Prosecutor’s Office said, as intense battles between Ukrainian and Russian forces for control of the border town continue. (Photo by Libkos/Getty Images) Libkos/Getty ImagesThe Russian military had opened fire on the evacuees from a five-story building, the husband told prosecutors. “She stayed in the wheelchair,” the man told prosecutors. The Kharkiv Regional Prosecutor’s Office is “taking measures for a comprehensive investigation” into the shooting of civilians in the border town, it said. Prosecutors say they are working with law enforcement agencies to identify Russian soldiers who have “committed atrocities” in the region.

Persons: Husband, “, ” Organizations: Russian, Kharkiv Regional Prosecutor’s Office, Libkos, CNN, Russian Defense Ministry, Kharkiv Regional Prosecutor’s, Prosecutors Locations: Vovchansk, Kharkiv, Russia, ” VOVCHANSK, UKRAINE, Ukranian, Kharkiv Oblast, Ukraine, Ukrainian, Ukraine’s

☆ Konya: Turkey’s ancient city of whirling dervishes
▼ + stars: | 2024-05-22 | by ( Robert Iddiols | ) edition.cnn.com time to read: +7 min

Konya, Turkey CNN —When most people think of Turkey bucket list destinations, a few obvious ones spring to mind - Istanbul, Turquoise Coast hotspots like Bodrum or the otherworldly landscapes of Cappadocia. As well as being a renowned Islamic scholar, Rumi launched the Mevlevi Order of the Whirling Dervishes. And while they can be seen in various locations across Turkey, Konya is the beating heart of their activities. Abdullah Çetín, a photographer based in Konya, says the city and region’s history is also what puts it on the map. Murat Oner Tas/Anadolu Agency/Getty ImagesKonya is also a jumping off point for Lake Tuz, a large hypersaline lake that lies about two hours’ drive northeast of the city.

Persons: –, it’s, Celaleddin Rumi, Rumi, Maulana, ”, Kerem Polat, Adem Altan, Polat, “, ” Polat, Abdullah Çetín, Çetín, Murat Oner Tas, Fahri Tunç, Tunç, ’, ‘, ” Tunç, he’s Organizations: CNN, Turkey CNN, Getty, ”, Mevlana Museum, Anadolu Agency Locations: Konya, Turkey, Istanbul, Turquoise, – Konya, Adem, AFP, Sultanate of Rum, Balkh, Afghanistan, Mecca, Medina, Anatolia, mycan, Sille, Gevale, Rumi, Konya “, Lake Tuz, Salt, Tuz

☆ Fraud Trial to Begin for Chinese Billionaire Who Allied Himself With America’s Right
▼ + stars: | 2024-05-22 | by ( Michael Forsythe | ) www.nytimes.com time to read: 1 min

Four years ago, Guo Wengui, a prominent Chinese property developer, announced the imminent end of Communist rule and the formation of the New Federal State of China. The setting wasn’t Beijing, or anywhere close to China, but a boat in New York Harbor. He was joined by Steve Bannon, the right-wing firebrand and former adviser to President Trump. Another Trump aide, Peter Navarro, would be declared the shadow government’s “international ambassador.”“From this day forward, the Communist Party is not the legal government of China!” he shouted in Mandarin. Mr. Guo, also known as Miles Kwok, had completed a remarkable transformation, from exiled Beijing billionaire to a player in America’s right-wing firmament.

Persons: Guo Wengui, Steve Bannon, President Trump, Trump, Peter Navarro, ”, Guo, Miles Kwok Organizations: New Federal, Communist Party Locations: New Federal State of China, Beijing, China, New York, America’s

☆ On Campus, a New Social Litmus Test: Zionist or Not?
▼ + stars: | 2024-05-22 | by ( Joseph Bernstein | ) www.nytimes.com time to read: +1 min

The two had been close enough that the roommate had come to the bar mitzvah of Ms. Fisher’s brother. Ms. Fisher thought she had been careful to avoid inflammatory posts, but the roommate, Ms. Fisher said, accused her of racism. Around the same time, Ms. Fisher noticed something else strange. When they were in the same room, Ms. Fisher said, the big wouldn’t make eye contact with her. Ms. Fisher said that her big often posted about Students for Justice in Palestine, the campus group that Columbia had suspended in November for violating campus policies.

Persons: Sophie Fisher, Fisher, Fisher’s, —, ” Organizations: Barnard College, for Justice, Columbia Locations: Israel, Palestine, Gaza

All eyes on NvidiaDespite concerns about stubbornly high inflation, elevated interest rates and ballooning U.S. debt, the S&P 500 is trading at a record on Wednesday, having soared 27 percent over the past year. Among the factors driving the rally, few are bigger than the boom in stocks tied to artificial intelligence — and the biggest of all of those is Nvidia. Investors have high hopes for Nvidia’s earnings on Wednesday. Expect a torrent of trading when the chip maker reports results for its fiscal first quarter after market close. A year ago, Nvidia’s stock jumped more than 24 percent after it posted knockout earnings.

Organizations: Nvidia, Investors

☆ In One Image: The Moment the Fighting Got Too Close
▼ + stars: | 2024-05-22 | by ( Emile Ducke | ) www.nytimes.com time to read: 1 min

In One Image Evacuation Point By Emile DuckeSuddenly, their old life was gone. As they sat in the evacuation bus in northeastern Ukraine, they could hear Russian bombs thud into their villages. She wanted a look in the trunk, fearful her papers were out of reach. They had stuffed belongings into whatever bags they could lay their hands on. Halyna Tarasenko, 72, was thinking of her husband, still at home in their village.

Persons: Emile Ducke, Halyna Tarasenko, ” Locations: Ukraine, “

☆ Nvidia announces 10-for-1 stock split after AI-driven boom in share price
▼ + stars: | 2024-05-22 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +1 min

Nvidia announced a 10-for-1 forward stock split in its fiscal first-quarter earnings report on Wednesday. Stock splits do nothing to change the financial fundamentals of a company but they so make each share cheaper, which can have a positive psychological effect on retail investors. Nvidia said the stock split will make ownership "more accessible to employees and investors," the release said. Nvidia shares closed on Wednesday at $949.50. Alphabet , Amazon and Tesla all orchestrated stock splits in 2022.

Persons: Jensen Huang Organizations: Nvidia Corp, Nvidia, Technology Conference Locations: San Jose , California

China launched two days of military drills starting Thursday surrounding Taiwan in what it called a “strong punishment” to its opponents on the self-governing island, after Taiwan’s new president pledged to defend its sovereignty as he took office. The drills were the first substantive response by China to the swearing in of President Lai Ching-te, whom Beijing dislikes, in Taipei on Monday. Mr. Lai’s party asserts Taiwan’s separate status from China, and in a high-profile inaugural speech on Monday, he vowed to keep Taiwan’s democracy safe from Chinese pressure. China, which claims Taiwan as its territory, has mainly responded to Mr. Lai’s speech with sharply worded criticisms. China did not say how many planes and ships it was deploying in the exercise, but the last major drill in multiple locations around Taiwan that China has conducted was in April of last year in response to the visit to Taiwan by the former House speaker, Kevin McCarthy.

Persons: Lai Ching, Kevin McCarthy Locations: China, Taiwan, Beijing, Taipei, Kinmen, Taiwan Strait

Analyst Ronald Epstein downgraded the electronics maker to underperform from neutral and slashed $15 off his price target to $150. Analyst Rupesh Parikh reiterated his outperform rating on the wholesaler, while lifting his price target by $45 to $850. Analyst Tal Liani reiterated his buy rating on the software stock and price target of $315. Analyst Gabriela Borges upgraded the retail software stock to buy from neutral and raised her price target by $7 to $74. He also slapped a $42 price target on the stock, implying upside of nearly 17%.

Persons: Goldman Sachs, Piper Sandler, Kraft Heinz, Ronald Epstein, Epstein, — Alex Harring, Oppenheimer, Rupesh Parikh, Parikh, Alex Harring, Daniel Grosslight, Grosslight, HIMS, he's, Tal Liani, Liani, CORA, it's, Morgan Stanley, Josh Baer, Baer, Box's, there's, Goldman, Gabriela Borges, Borges, Shopify, Michael Lavery, Lavery, KHC, Fred Imbert Organizations: CNBC, Garmin Garmin, Bank of America, Garmin, Costco, Citi, Kraft, ~$ Locations: Tuesday's, Swiss, Shopify

☆ European markets head for higher open ahead of UK inflation data
▼ + stars: | 2024-05-22 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European stocks are heading for a higher open Wednesday as regional markets continue to see-saw over the inflation outlook and trajectory of interest rates. Investors in the U.K. will be keeping a close eye on the latest U.K. inflation figures out Wednesday. Economists are forecasting a sharp fall in the April print, driven by lower household energy costs, that could take the headline rate close to, or even below, the Bank of England's 2% target.

Organizations: Bank of England's

☆ Asia-Pacific markets trade mixed as investors parse slew of Japanese data
▼ + stars: | 2024-05-22 | by ( Lee Ying Shan | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets traded mixed Wednesday. Japan's Nikkei 225 was trading about 0.5% lower in the first hour of trade, while the Kospi slid 0.35%. There was a marginal improvement in business sentiment, with the Reuters Tankan non-manufacturing index coming in at +26. Japan is slated to release its April trade data, as well as machinery orders for the month of March. Futures for Hong Kong's Hang Seng index stood at 19,212 pointing to a slightly weaker start compared with the HSI's close of 19,220.62.

Organizations: Nikkei, Reuters, Reserve Bank of New Zealand Locations: Asia, Pacific, Australia, Japan

☆ Sam Bankman-Fried is being moved to a new prison
▼ + stars: | 2024-05-22 | by ( Allison Morrow | ) edition.cnn.com time to read: +1 min

New York CNN —Prison officials began transferring former crypto mogul Sam Bankman-Fried to a new facility early Wednesday, removing him from the Brooklyn, New York, jail where he’s resided for the past nine months, a spokesperson for Bankman-Fried said. Mendota is home to one medium-security federal correctional institution with an adjacent minimum-security satellite facility, according to the Bureau of Prisons website. Bankman-Fried had sought to stay in New York in the near term while preparing his appeal on multiple federal counts of fraud and conspiracy, for which he was sentenced in March to 25 years in prison. A jury last fall found Bankman-Fried guilty of carrying out what prosecutors called one of the biggest financial crimes in US history. The Bureau of Prisons declined to provide details, telling CNN that it doesn’t comment on “the conditions of confinement for any individual, including potential transfers,” citing security concerns.

Persons: Sam Bankman, he’s, Fried, — CNN’s Erin Burnett, Sabrina Souza Organizations: New, New York CNN — Prison, Stanford University, of Prisons, Prisons, CNN Locations: New York, Brooklyn , New York, Mendota , California, Mendota

☆ Here's how Coinbase would benefit from U.S. ether ETFs if approved, according to JMP
▼ + stars: | 2024-05-22 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Coinbase is poised to benefit from U.S. spot ether exchange-traded funds, if they are approved, according to JMP Securities. The turnaround sent ether soaring more than 20% to start the week. ETH.CM= 5D mountain Ether 5-day chart JMP's Devin Ryan said in a note Wednesday that Coinbase could see benefits to its transaction, custody and staking businesses as a result of the introduction of ether ETFs. He also said an ether ETF approval does not necessarily signal a blessing by the SEC of the broader crypto asset class, or even comfort around all ETH use cases, such as staking. JMP has an outperform rating on Coinbase and a price target of $320, implying nearly 42% upside from Tuesday's close.

Persons: Coinbase, Devin Ryan, Ryan, JMP Organizations: JMP Securities, U.S . Securities, Exchange Commission, SEC, Fidelity, Management Locations: Base, BlackRock

☆ Stocks at record levels are about to get their next major test — Nvidia's earnings results
▼ + stars: | 2024-05-22 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Stocks are riding high heading into Nvidia's earnings results after the market close Wednesday. U.S. stock market benchmarks have been hovering near all-time highs. But Nvidia will test the sustainability of recent market highs given its huge size in broad market indexes, as well as its influence over investor psychology. Consider that the Jensen Huang-led company is in more than 6,000 long-only institutional funds, and in just 21 short-only funds, according to data from S & P Capital IQ. Beat and raise Many investors expect a strong showing from Nvidia will keep markets on their recent upward ascent.

Persons: Jensen Huang, Sam Stovall, Stovall, CFRA's Stovall, Piper Sandler, Harsh Kumar, Kumar, —, Blackwell, Huang, Zachary Hill, Hill, We've, Chris Zaccarelli Organizations: Nasdaq, Dow Jones, Nvidia, CFRA, Microsoft, Investments, Independent

☆ Williams-Sonoma CEO explains how the company deals with a difficult housing market
▼ + stars: | 2024-05-22 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

In a Wednesday interview with CNBC's Jim Cramer, Williams-Sonoma CEO Laura Alber explained how her company handles a tough housing market. "The customer isn't shopping for as much furniture as they were because of the housing slump, but they are, you know, still updating their homes," Alber said. Williams-Sonoma owns several brands besides its own namesake homewares business, including West Elm and Pottery Barn. The company reported an earnings beat on Wednesday, but saw weakness in its Pottery Barn brand. Alber acknowledged that Pottery Barn was affected by high housing costs but said Williams-Sonoma is doing better than others in the industry.

Persons: CNBC's Jim Cramer, Laura Alber, Alber, we've, Williams, We're Organizations: Sonoma Locations: Williams, Sonoma, what's

☆ The chilling parallels a woman sees between the Trump trial and her accusations against Harvey Weinstein
▼ + stars: | 2024-05-22 | by ( Elizabeth Wagmeister | ) edition.cnn.com time to read: +16 min

I reported him and then I just tried to follow the justice and what they told me to do,” Battilana Gutierrez told CNN in a recent interview. Battilana Gutierrez says she sees chilling parallels between the alleged conspiracy surrounding a hush-money payment connected to Trump and what happened to her. “It would be very interesting to see if he had to speak about the Harvey Weinstein trial,” Battilana Gutierrez said of Pecker. Of Battilana Gutierrez, he added, “Harvey wishes her well and hopes only for happiness and success for her.”Eventually, Battilana Gutierrez did sign a non-disclosure agreement with Weinstein’s legal team. Mark Peterson/Redux“Both Harvey Weinstein and Donald Trump were ‘FOPs’ – Friends of Pecker,” Cartwright told CNN.

Persons: Ambra Battilana Gutierrez, Harvey Weinstein, –, ” Battilana Gutierrez, “, ”, Battilana Gutierrez, Weinstein, Donald Trump, David Pecker –, Trump, Jeenah, Michael Cohen, ” Pecker, Arnold Schwarzenegger, Ari Emanuel, Rahm, Barack Obama’s, Schwarzenegger, Ari, Rahm Emanuel, Pecker, ’ Battilana Gutierrez, ’, ” Harvey Weinstein, Natalia V, ” Weinstein’s, Juda Engelmayer, “ Ms, Gutierrez ’, ” Engelmayer, Battilana, Julia Nikhinson, he’s, Harvey Weinstein’s, “ Harvey, Judge James Burke, ” Gutierrez, Ronan Farrow, Cyrus Vance , Jr, Eduardo Munoz, Cyrus Vance, ” Vance, Vance, Attorney Alvin Bragg, Weinstein’s, Lachlan Cartwright, Ambra, ” Cartwright, David J, Mark Peterson, Rose McGowan’s, Cartwright, McGowan, American Media …, Timothy A, Clary, Jason Kravarik Organizations: CNN, Trump, American Media Inc, National, Manhattan Criminal, Staff, Chicago mayorship, National Enquirer, New Yorker, The New York Times, New, Weinstein’s, Manhattan District, Manhattan DA, Manhattan, Attorney’s, Attorney, Attorney’s Office, New York Times Magazine, AMI, Manhattan DA’s, New York Times, Enquirer, Yorker, Weinstein Company, Pecker, Radar, “, American Media, Model Alliance, Getty Locations: Italian, New York City, Manhattan, New York, Los Angeles, Italy, York, New, Angeles, AFP, CNN’s

☆ Vivek Ramaswamy goes activist with Buzzfeed stake, seeks strategic 'shift'
▼ + stars: | 2024-05-22 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Former GOP presidential hopeful Vivek Ramaswamy has an 8% stake in BuzzFeed and is seeking to effect a "shift" in the media firm's strategy, the investor said Tuesday in a filing. "Stay tuned," Ramaswamy told CNBC via a spokesperson. Companies should "do whatever allows them to be most successful over the long run without regard to political, social, cultural or environmental agendas," Ramaswamy told CNBC in a 2023 interview. Ramaswamy has remained close to the Mar-a-Lago circuit after throwing his support behind former President and presumptive GOP nominee Donald Trump. It's unlikely, however, that he will be Trump's vice-presidential pick, given that several GOP operatives and donors have expressed deep opposition.

Persons: Donald Trump, Vivek Ramaswamy, Ramaswamy, BuzzFeed, Jonah Peretti, Buzzfeed, — CNBC's Alex Sherman, Brian Schwartz Organizations: U.S, Republican, Trump, New, GOP, CNBC, Management, Roivant Sciences, Inc Locations: New Hampshire, Laconia , New Hampshire, U.S, BuzzFeed

☆ Sam Bankman-Fried Transferred From Brooklyn Jail
▼ + stars: | 2024-05-22 | by ( David Yaffe-Bellany | More About David Yaffe-Bellany | ) www.nytimes.com time to read: +1 min

Sam Bankman-Fried, the founder of the FTX cryptocurrency exchange who was convicted of fraud and conspiracy, was transferred out of a Brooklyn detention center on Wednesday morning, his spokesman said. Before the transfer, Mr. Bankman-Fried, 32, told people close to him that he expected to be moved to a federal correctional facility in Mendota, Calif., a person with knowledge of the matter said. A representative for the Bureau of Prisons declined to comment on Mr. Bankman-Fried, citing “privacy, safety and security reasons.” A spokesman for the prosecutors who oversaw Mr. Bankman-Fried’s case did not immediately respond to a request for comment. In a court filing on Wednesday afternoon, Lewis A. Kaplan, the judge overseeing his case, said the court “recommends” that the Bureau of Prisons keep Mr. Bankman-Fried at the Metropolitan Detention Center in Brooklyn. Mr. Bankman-Fried had asked to remain there while he worked on an appeal challenging his conviction.

Persons: Sam Bankman, Bankman, Mark Botnick, ”, Lewis A, Kaplan, “, Fried Organizations: Bureau, Prisons, Metropolitan Detention Locations: Brooklyn, Mendota , Calif

☆ Mayor Adams Fills a Key Commission With Allies and Donors
▼ + stars: | 2024-05-22 | by ( Dana Rubinstein | Emma G. Fitzsimmons | ) www.nytimes.com time to read: +1 min

Mayor Eric Adams has long valued loyalty, keeping his allies close as he rose through New York City’s political ranks to become mayor, and rewarding them with top administration jobs. So this week, as the mayor quickly sought to fill out a powerful commission that could reshape city government, possibly for generations to come, he predictably turned to a cadre heavy on loyalists. The roster of the Charter Revision Commission was released on Wednesday, just 24 hours after Mr. Adams announced he was creating one. The move may foil an effort by the New York City Council to exert more control over the mayor’s high-level appointments. And although the announcement came as a surprise, the mayor’s spokesman said the commission has long been in the making.

Persons: Eric Adams, Adams Organizations: New, New York City Council Locations: New York

☆ AI darling Nvidia reports after the bell. What Wall Street is watching
▼ + stars: | 2024-05-22 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Wall Street will be keeping close watch on what Nvidia says about demand for its artificial intelligence chips when the market-moving chipmaker reports quarterly results after the bell Wednesday. Nvidia is expected to surpass expectations again, with analysts polled by LSEG calling for earnings of $5.59 per share on $24.65 billion in revenue. "As long as it tops analyst expectations, NVIDIA is likely to remain a key tailwind for the overall U.S. stock market." NVDA 1Y mountain Shares over the last year For multiple quarters, Nvidia has shocked Wall Street with the robust demand for its tools. "We continue to expect a strong beat-and-raise quarter from NVIDIA as Hopper demand remains robust before the Blackwell transition," wrote Morgan Stanley's Joseph Moore.

Persons: they've, Wolfe, Chris Senyek, Hopper, Blackwell, Morgan Stanley's Joseph Moore, Piper Sandler's Harsh Kumar, Rosenblatt's Hans Mosesmann, Baird's Tristan Gerra, Tom O'Malley, Baird's Gerra, Nvidia's Blackwell, America's Vivek Arya, Arya, Timothy Arcuri, Rosenblatt's Mosesmann, O'Malley, Morgan Stanley's Moore Organizations: Nvidia, NVIDIA, Blackwell, Barclays, Bank, America's, UBS Locations: Nvidia's

☆ Stock market today: Indexes slip as traders await Nvidia's earnings report
▼ + stars: | 2024-05-22 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

US stocks traded lower as investors waited for Nvidia's first-quarter earnings report after the close. Investors also took in comments from Fed officials, which suggested rate cuts weren't imminent. AdvertisementUS stocks slid lower on Wednesday as traders took looked ahead to Nvidia's highly anticipated first-quarter earnings report and took in the latest commentary from Federal Reserve speakers. All three benchmark indexes traded lower, while bond yields ticked higher. Markets have been dialing back their expectations for Fed rate cuts all year.

Persons: Nvidia's, —, Susan Collins, Loretta Mester Organizations: Investors, Service, Federal Reserve, Treasury, Nvidia, Bloomberg, Boston, Cleveland Fed, Fed, Here's

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