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☆ Live updates: Israel-Hamas war in Gaza, ICJ ruling, Rafah invasion looms
▼ + stars: | 2024-05-24 | by ( Chris Lau | Sana Noor Haq | ) edition.cnn.com time to read: +1 min

European Union flags fly outside the European Commission building in Brussels, Belgium, on April 12. They add: “It was precisely to avert such a grim world order that our grandparents, witnesses of the horrors of World War II, created Europe. The calls come in the same week that three European countries – Ireland, Spain and Norway - announced plans to formally recognize a Palestinian state. Although Norway is not an EU member, the plans do have the potential to exert greater pressure on the countries’ western allies to take a tougher stance on the Israel-Hamas conflict. But the move is not a coordinated European effort and the bloc has long struggled to speak with one voice.

Persons: Kenzo Tribouillard, “, ” Organizations: European Commission, Getty, European, EU Locations: Brussels, Belgium, AFP, Gaza, Israel, Europe, Ireland, Spain, Norway, Palestinian

☆ The draw has been made for Rafael Nadal at the French Open. It couldn’t have gone much worse for the Spaniard
▼ + stars: | 2024-05-24 | by ( Matias Grez | Sammy Mncwabe | ) edition.cnn.com time to read: +2 min

4 Alexander Zverev in the opening round of what is set to be the final French Open of his career. While Nadal has beaten Zverev seven times in their previous 10 meetings, the German is one of the favorites to lift the title. The fourth seed arrives at Roland Garros full of confidence after winning the Italian Open last week, his ninth Masters 1000 title. The two last met in an intense 2022 French Open semifinal where Zverev retired mid-match following an ankle injury that sidelined him for the rest of the year. The 22-time grand slam champion even admitted after his heavy second-round defeat to Hubert Hurkacz at the Italian Open earlier this month that he wasn’t sure if would be able to play at the French Open.

Persons: CNN — Rafael Nadal, Alexander Zverev, Roland Garros, Nadal, Zverev, Spaniard, Hubert Hurkacz, Novak, Tomas Machac, Stanislas Wawarinka, Andy Murray Organizations: CNN, Nadal, Madrid

☆ Stock market today: US stocks look to rebound after inflation worries sparked 2-day decline
▼ + stars: | 2024-05-24 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Inflation worries from Fed minutes and hot economic data sparked the Dow's worst sell-off in a year on Thursday. Investors are awaiting next week's release of PCE data to gauge if inflation is falling or not. The Dow registered its worst sell-off in over a year on Thursday, even in the face of a strong rally in Nvidia stock following its blockbuster first-quarter earnings report. Inflation concerns sparked the two-day sell-off, with Fed minutes released on Wednesday highlighting lingering concerns among Fed officials about cutting interest rates too soon. Investors will be paying close attention to next week's release of PCE data to gauge if inflation is moving lower or not.

Persons: —, LPL, Quincy Krosby, Krosby Organizations: Service, Dow, Nvidia, Fed, PMI

☆ A 20% down payment is 'definitely not required' to buy a house, economist says. Here's how much you need
▼ + stars: | 2024-05-24 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

Phynart Studio | E+ | Getty Images'The conundrum of the housing market'One way to reduce your monthly mortgage payment is to put down more money and borrow less. Nationally, the average down payment on a house is closer to 10% or 15%, Hale said. Even with a conventional loan, buyers' required down payment could be between 3% and 5%, depending on their credit score and other factors. While a lower down payment is one way to "attack affordability challenges," it can be a "mixed bag," Hamrick said. With a lower down payment, you will need to borrow more from your lender, which raises the monthly cost of your mortgage, Hale said.

Persons: Hale, there's, Hamrick Organizations: CNBC, SurveyMonkey, Department of Veterans Affairs, U.S . Department of Agriculture, Federal Housing Administration, PMI Locations: U.S

☆ Kabosu: The dog who inspired Dogecoin has died
▼ + stars: | 2024-05-24 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

London CNN —Kabosu, the dog that launched a thousand “doge” memes, has died, her owner announced Friday. The Japanese shiba inu “fell into a deep sleep” on Friday morning at 18 years of age, Atsuko Sato wrote in a blogpost. As I was touching her, she gently passed away,” wrote Sato, a kindergarten teacher in the Japanese city of Sakura. The popularity of “doge” memes was cemented in December 2013, when Kabosu became the face of alternative cryptocurrency Dogecoin — a tongue-in-cheek response to Bitcoin that reflected the internet’s love of animal memes. An X post by Dogecoin Friday called Kabosu the community’s “inspiration.” “The impact this one dog has made across the world is immeasurable,” the post read.

Persons: London CNN — Kabosu, shiba inu “, Atsuko Sato, ”, Sato, ” Kabosu, Kabosu, shiba, Tesla, cryptocurrencies, Mai Nishiyama Organizations: London CNN, Elon, Twitter, Dogecoin Locations: “, Sakura

☆ University Leaders Face a Long, Complex Summer
▼ + stars: | 2024-05-24 | by ( Jeremy W. Peters | ) www.nytimes.com time to read: +1 min

Around now, university officials might usually take a deep breath. Gone, for the most part, are the tent cities that student activists erected as a symbol of opposition to Israel’s war in Gaza. And protesters have likewise promised not to give up — with hundreds walking out at Harvard’s graduation on Thursday, and students at U.C.L.A. Over the next few months, colleges will need to navigate a complex set of challenges. There are ongoing federal investigations at scores of universities and school districts over their handling of antisemitism claims.

Organizations: Congressional Republicans, Rutgers, University of California, U.C.L.A Locations: Gaza, Northwestern, Los Angeles

☆ Tesla is building a huge battery factory in Shanghai even as US-China trade tensions rise
▼ + stars: | 2024-05-24 | by ( Laura He | ) edition.cnn.com time to read: +4 min

The factory, which was announced in April last year, aims to begin production in the first quarter of 2025. The battery facility will be close to Tesla’s Shanghai Gigafactory, which is the company’s largest plant outside the United States, producing almost one million cars a year. Rising tensionsWhile most Western companies are face rising barriers to doing business in China, things have been smoother for Tesla. “Tesla competes quite well in the market in China with no tariffs and no deferential support. I’m in favor of no tariffs,” Musk said.

Persons: Hong Kong CNN — Tesla, Elon Musk, Tom Zhu, Tesla, Wu Xiaohua, ” Musk, Li Qiang, Li, Joe Biden, Musk, “ Tesla Organizations: Hong Kong CNN, Lingang Group, Tesla, Reuters, “ Locations: Hong Kong, Shanghai, China, United States, Beijing, Washington, Tesla’s Gigafactory, Europe, Paris

☆ Nvidia CEO Jensen Huang's net worth swells from $3 billion to $90 billion in five years
▼ + stars: | 2024-05-24 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Jensen Huang, co-founder and CEO of Nvidia, during the Nvidia GPU Technology Conference in San Jose, California, on March 19, 2024. Five years ago, Nvidia CEO Jensen Huang owned a stake in his chipmaker worth roughly $3 billion. After Thursday's rally, which pushed the stock to a record, his holdings now stand at more than $90 billion. Nvidia shares have more than doubled this year after tripling in 2023. OpenAI does most of its AI development on Nvidia GPUs.

Persons: Jensen Huang, Huang, OpenAI Organizations: Nvidia, Technology, Microsoft, Google, Meta Locations: San Jose , California

☆ Homes on billionaire hot spot Nantucket are falling into the ocean at an alarming rate — but the wealthy won't stop buying
▼ + stars: | 2024-05-24 | by ( Madeline Berg | Dan Latu | ) www.businessinsider.com time to read: +14 min

Over the past two centuries, Nantucket has gone from a whaling town to a hippie refuge to a holiday hot spot for billionaires. "To use a well-worn phrase, come hell or high water, people are still buying multimillion-dollar homes on Nantucket." Between 2030 and 2100, the number of structures exposed to coastal erosion is expected to go from 113 to 860. "Without erosion, this would be an extremely valuable area," Baxter Road resident Joshua Posner told BI. "It's not inexpensive, but it is worth doing," Posner told BI.

Persons: Steve Schwarzman, Eric Schmidt, Barry Sternlicht, Elizabeth Gibson, David L, Ryan, Bruce Percelay, Edward Sanford's, he'd, Percelay, Greg Mckechnie, you'd, Barry Sternlicht's, Suzanne Kreiter, Shelly Lockwood, who's, I'm, Joshua Posner, Jack Welch, Bill Belichick, —, Sanford, Lockwood, Nature, Yorker Brendan Maddigan, Maddigan, Mckechnie, Schwarzman, She's, Posner, he's, Helmut Weymar, Anne Atherton Organizations: Resilience, Business, Boston Globe, Getty, Estate, Nantucket, Coastal, Nantucket's Cisco, Cisco, Beach, Patriots, Yorker, Preservation Fund, Baxter, Conservation, Conservancy, The New York Times, Conservation Commission, Nature Locations: Nantucket, England, Cape Cod, Nantucket's, Madaket, Sconset, Brant, Baxter

☆ X CEO Linda Yaccarino accuses Australia of 'overreach' after judge lifts ban on stabbing video
▼ + stars: | 2024-05-24 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

PARIS, France — X CEO Linda Yaccarino on Friday hit out at Australia after a face off with online safety regulators. It comes after the Elon Musk-owned social media platform X last week won a reprieve in Australia as a court refused to extend a temporary order blocking videos of a Sydney church stabbing. In a talk onstage at the VivaTech conference in Paris, Yaccarino accused Australia of overreach over the dispute. "The good news is that the people prevailed," Yaccarino, the former global advertising chief at CNBC parent company NBCUniversal, said. "We're happy to be that beacon of light and that place for truth."

Persons: Linda Yaccarino, Elon, Yaccarino Organizations: Elon Musk, eSafety, CNBC Locations: PARIS, France, Australia, Sydney, Paris, overreach

In photo at right, Rob Breakiron with his daughter, Isabelle, at a performance of Taylor Swift's Eras tour. He often wears Swift's merchandise or friendship bracelets from her ongoing Eras tour on team calls. He's seen updates on Swift's music and personal life as something employees from across generations jump in to discuss on a team messaging forum. Meta CEO Mark Zuckerberg posted photos of his face bejeweled and wrists covered in friendship bracelets, which have become a hallmark accessory of Swift's tour. Despite that, she said, Swift's music has been a "universal language" that's helped her connect with everyone from the fathers of fans to women who see themselves in the singer.

Persons: Megh McLaughlin, Rob Breakiron, Isabelle, Taylor, Isabelle Breakiron, Taylor Swift, Swift, he's, Angela Hall, Andrew Boyagi, Boyagi, He's, Johan Cruyff, Jeff Bezos, Ray Dalio, Mark Zuckerberg, Susan St, Ledger, that's, McLaughlin, Amani Albertsen, Wise, Albertsen, Sharif Karmally, Karmally, Beyoncé, Raeah Smith, Smith, hasn't, Matt Lindner, Lindner, — Organizations: KPMG, Angela Hall of Michigan State University's School of Human Resources, Labor Relations, Society for Human Resource Management, Getty, Amazon, Disney, Michigan State's Hall, CNBC, Poets Department, Data Department Locations: Virginia, Australia, Cincinnati , Ohio, Amsterdam, Netherlands, St, HashiCorp, Florida, U.S, Atlanta, Texas, Minneapolis, Chicago

☆ RIP Kabosu, the celebrity canine who became the face of Dogecoin
▼ + stars: | 2024-05-24 | by ( Tom Carter | ) www.businessinsider.com time to read: +2 min

Kabosu, the Shiba Inu who became the face of Dogecoin, has died at the age of 18. Her quizzical expression went viral in 2010 and was later used as the cryptocurrency mascot. Elon Musk was one of Dogecoin's biggest fans, and Kabosu briefly became the Twitter logo in 2023. AdvertisementA diminutive Japanese dog who became the face of Dogecoin has died. The billionaire joked about Dogecoin on "SNL" and even briefly changed the Twitter home button to an image of Kabosu after buying the site in 2022.

Persons: Shiba Inu, Elon Musk, Kabosu, —, Dogecoin, Kabosu —, Atsuko Sato, Sato, Billy Markus, Jackson Palmer, Shiba Organizations: Service, Business Locations: Japan

☆ Tired, testy and fractured: The Supreme Court prepares for more drama
▼ + stars: | 2024-05-24 | by ( Joan Biskupic | ) edition.cnn.com time to read: +13 min

CNN —As Supreme Court justices try to resolve more than a dozen major cases over the next month, including whether Donald Trump must stand trial for election subversion, they appear mired in antagonism and distrust. Conservatives, who indeed hold the upper hand on the 6-3 court, nonetheless spike their writing and remarks with derision for the left. When the court majority allowed Louisiana state officials to use a map with a second majority-Black congressional district (over the protest of a GOP-backed group of White voters), the three liberals dissented. (A lower US court had referred to it as the “bleaching of African American voters” from the district.) Dissenting liberals emphasized that the decision reversing the lower court undercut a 2017 Supreme Court ruling, Cooper v. Harris, issued before the far-right majority took hold.

Persons: Donald Trump, Samuel Alito, Alito, Elena Kagan, Clarence Thomas, Ketanji Brown Jackson, John Roberts, Richard Nixon, Bill Clinton, Sonia Sotomayor, Kagan, Jackson, Blacks, Purcell, ’, Amy Coney Barrett, “, ” Barrett, Roberts, ” They, Bush, Feedback Kavanaugh, Gore, Cooper, Harris, ” Kagan, ” Alito, Joe Biden’s, Biden, Martha, Ann, ”, Alito tersely, Kagan’s, Edwin Kneedler, ” Roberts, Kneedler, Joshua Turner, Sotomayor, ” Sotomayor, Turner, interjected Organizations: CNN, Trump, Consumer Financial Protection Bureau, Liberal, GOP, White voters, Congress, Gore, South, American, Capitol, New York Times, US Justice Department Locations: America, Colorado, South Carolina, Carolina, Louisiana, Virginia, New Jersey, American, Alito’s, Jersey, Grants Pass , Oregon, Idaho, The Idaho

☆ Daniel Duggan: Ex-US Marines fighter pilot loses bid to block extradition to the US over China training allegations
▼ + stars: | 2024-05-24 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +4 min

Yet he is locked up by the say-so of the United States government,” she added. His supporters believe he’s been caught up in geopolitics during a time of strained relations between the United States and China and have accused authorities of using him to send a message to former military personnel. A spokesperson for the Australian attorney general said the government doesn’t comment on extradition matters. Under Australia’s Extradition Act, Duggan is entitled to appeal directly to the attorney general as to why he shouldn’t be sent to the US. There is no set time period for the attorney general to make a decision, but by law it should be made as soon as practicable.

Persons: Daniel Duggan, Daniel Reiss, Duggan, Mark Dreyfus, Duggan’s, Saffrine, ”, Dan Duggan, ” “, ” Saffrine Duggan, Bianca De Marchi, “, ” Duggan, TFASA, he’s, Reiss, shouldn’t Organizations: Australia CNN, US Marines, United, Downing Centre Local Court, US State Department, of Defense Trade, Test Flying Academy of South, CNN, TFASA Locations: Brisbane, Australia, United States, New South Wales, China, Sydney, Test Flying Academy of South Africa, South Africa

☆ Kabosu, Shiba Inu Who Helped Define the Doge Meme, Dies at 18
▼ + stars: | 2024-05-24 | by ( Isabella Kwai | ) www.nytimes.com time to read: 1 min

Kabosu, a Shiba Inu whose “much wow” face helped launch one of the defining memes of the last decade and inspired the cryptocurrency Dogecoin, died on Friday. She was 18 years old. She “crossed the rainbow bridge” on Friday, her owner Atsuko Sato said on social media, adding that she died without suffering, and as Ms. Sato was petting her. She died at home in Sakura, a city east of Tokyo, Ms. Sato said in an email on Friday. Ms. Sato began posting photos of Kabosu enjoying her life and playing at home on her blog.

Persons: Shiba, Dogecoin, “, Atsuko Sato, Sato, ”, Kabosu Locations: Sakura, Tokyo

☆ Louisiana lawmakers send bill that would classify abortion drugs as controlled dangerous substances to governor’s desk
▼ + stars: | 2024-05-23 | by ( Piper Hudspethblackburn | Dianne Gallagher | Piper Hudspeth Blackburn | ) edition.cnn.com time to read: +3 min

CNN —Louisiana lawmakers on Thursday gave final approval to a bill that would classify the abortion-inducing drugs misoprostol and mifepristone as Schedule IV controlled dangerous substances in the state, placing them in the same category as highly regulated drugs such as narcotics and depressants. The state Senate voted 29-7 to pass the bill, which the state House approved earlier this week. If signed into law, Louisiana would become the first state to classify the drugs as controlled dangerous substances. Senate Bill 276 would make it a crime to give abortion medication to a person without their consent. Pregnant women in possession of mifepristone and misoprostol for their own consumption would be exempt from such penalties under the legislation.

Persons: misoprostol, Jeff Landry, Bill, Sen, Thomas Pressly, “, Pressly, CNN’s Shawn Nottingham, John Bonifield Organizations: CNN, Republican Gov, Republican Locations: Louisiana

☆ U.S. Military Faces Reality in Gaza as Aid Project Struggles
▼ + stars: | 2024-05-23 | by ( Helene Cooper | Adam Rasgon | ) www.nytimes.com time to read: +1 min

The Defense Department predicted that a steady stream of humanitarian aid would be arriving in Gaza via the pier by now, but little relief has reached Palestinians in the besieged strip, officials acknowledged this week. Several trucks were looted as they made their way to a warehouse, the U.N. World Food Program said, and the complexity of operating the pier project in a war zone is continuing to slow distribution. Looting of aid trucks has continued, officials said, and forced the World Food Program to suspend operations for two days. The U.N. agency for Palestinian refugees, UNRWA, suspended food distribution in Rafah on Tuesday, citing lack of security. For one thing, White House policy does not allow U.S. troops to be on the ground in Gaza.

Organizations: ., The Defense Department, Food Program, Food, UNRWA, Pentagon Locations: Gaza, Rafah, Kerem Shalom, U.S

☆ A psychology expert’s No. 1 tip on how to use your fear of death to live your best life
▼ + stars: | 2024-05-23 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +1 min

The thought of no longer existing is too painful and grim for many to bear and is frequently avoided, but one psychology expert thinks people need to face their fear of death head-on to live more fulfilling lives. "Most people like to count their money and I like to say how about we also count our Mondays?" This serves as a reminder of the scarcity of time, pushing people to take action in their lives. When you remember how many days you have left, you're more likely to book that tennis lesson. "If you were going to die tonight what would you wish you had taken action on?

Persons: Jodi Wellman, Wellman Organizations: CNBC, University of Pennsylvania

☆ Cramer applauds DOJ suit to break up Live Nation — plus calls on 4 more stocks
▼ + stars: | 2024-05-23 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +1 min

Snowflake : The data cloud company shares fell nearly 3% despite a revenue beat and a good guide. However, the revenue guidance was a little light. Live Nation : The Justice Department and 30 states are suing Live Nation, looking to break up Live Nation and Ticketmaster. Cramer countered that, saying VF Corp is selling a lot of products and clearing lots of inventory. He added the story at the company is not as negative as the stock, which has dropped 36% in 2024.

Persons: Jim Cramer's, Jim Cramer, Ralph Lauren, Cramer, That's, Taylor, Williams Organizations: CNBC, Club, Nvidia, Paris, The Justice Department, Ticketmaster, DOJ, VF Corp

☆ Frontier Airlines CEO urges crackdown of 'rampant abuse' of airport wheelchair service
▼ + stars: | 2024-05-23 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

The 1986 Air Carrier Access Act requires airlines to provide a wheelchair to passengers with disabilities at the airport. The problem: Many travelers are faking it, Frontier Airlines CEO Barry Biffle says. There are people using wheelchair assistance who don't need it at all," Biffle said at a Wings Club luncheon on Thursday in New York. Biffle wasn't talking about travelers' personal wheelchairs but rather the service airlines provide when travelers arrive at the airport. Biffle isn't the only executive to complain about travelers falsely claiming they need a wheelchair at the airport.

Persons: Barry Biffle, Biffle, John Holland, Kaye, John Morris Organizations: Frontier Airlines, Wings, CNBC, London's, Airport, LBC Radio, Transportation Department Locations: New York, Atlanta

☆ House Passes Measure to Repeal D.C. Noncitizen Voting Law
▼ + stars: | 2024-05-23 | by ( Robert Jimison | ) www.nytimes.com time to read: +1 min

The House passed legislation on Thursday that would undo a District of Columbia law allowing noncitizens to vote in local elections, part of a broader bid by Republicans to amplify false claims by former President Donald J. Trump of widespread illegal voting by immigrants, a rare occurrence that is already outlawed in federal elections. The bill has virtually no chance of being taken up in the Democratic-led Senate or making it to President Biden’s desk to be signed into law. But Republicans have used it, and other legislation aiming to crack down on voting by noncitizens, to stoke distrust in the country’s election laws and infrastructure ahead of the general election in November, a key pillar of Mr. Trump’s strategy to preemptively accuse Democrats of cheating him out of the presidency. In the face of ample evidence to the contrary, the former president has long claimed falsely that federal elections are susceptible to widespread voter fraud and illegal voting by undocumented immigrants, who have skewed the outcomes in favor of Democrats — a charge that congressional Republicans have echoed. The nation’s capital is one of more than a dozen municipalities in the country — most of them in California, Maryland and Vermont — that allow noncitizen residents to cast ballots in local contests, though voters eligible under the local laws rarely do so, even when they are allowed.

Persons: noncitizens, Donald J, Trump, Biden’s, — Organizations: Columbia, Democratic, Republicans Locations: California , Maryland, Vermont

☆ 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

☆ TikTok Moves to Limit Russian and Chinese Media’s Reach in Big Election Year
▼ + stars: | 2024-05-23 | by ( Sapna Maheshwari | ) www.nytimes.com time to read: +1 min

TikTok said on Thursday that it was introducing new measures to limit the spread of videos from state-affiliated media accounts, including Russian and Chinese outlets, as the company deflects criticism that it could be used as a propaganda tool in a major election year. The company in 2022 started labeling state-affiliated media accounts — like those from RT, the global Russian television network, and People’s Daily, the official newspaper of the Chinese Communist Party. Social media platforms, including Meta, YouTube and X, are grappling with misinformation in a year when as much as half the global population will vote in major elections. Political news on TikTok, which is owned by a Chinese company, ByteDance, is under particular scrutiny after the passage of a law that would force ByteDance to sell the company or face a ban in the United States. Lawmakers and intelligence officials have said TikTok is a threat to national security, partly because of how the Chinese government could use it to spread propaganda.

Persons: TikTok, ” TikTok, ByteDance Organizations: Chinese Communist Party, Social, Meta, YouTube, United States, Lawmakers Locations: Russian, United

☆ Opinion | A Giant Crater in Siberia Is Belching Up Russia’s Past
▼ + stars: | 2024-05-23 | by ( Sophie Pinkham | ) www.nytimes.com time to read: +1 min

Even the roads are buckling, cracking and collapsing, as if in a slow-motion earthquake. And outside a small town called Batagay, deep in the Siberian hinterland, a crater is rapidly opening up — known to locals as the gateway to the underworld. Already more than half a mile deep and about 3,000 feet wide, the Batagaika crater is growing as the ground beneath it melts. The land is belching up the past and swallowing the present — creating a yawning hole even more dizzying than the huge open-pit mines that already scar the Siberian landscape. In Alaska houses in rural villages are sinking into the ground as the shoreline falls into the sea.

Locations: Russia, Batagay, Canada, China, Tibetan, Alaska

Morgan Stanley accompanied the move by cutting its price target to $100 from $120. His $185 price target, up from $160, forecasts that shares of Take-Two could rally 23% from Wednesday's close. — Lisa Kailai Han 5:55 a.m.: Bernstein initiates Ford at an outperform rating Investors who don't own Ford are missing out, according to Bernstein. — Lisa Kailai Han 5:55 a.m.: JPMorgan upgrades Hasbro Don't expect Hasbro's momentum to slow in the near future, according to JPMorgan. It also raised its price target on shares to $74 from $61, implying upside of 22%.

Persons: Bernstein, Morgan Stanley downgrades NetEase, Morgan Stanley, Alex Poon, Poon, Lisa Kailai Han, Omar Dessouky, Dessouky, — Lisa Kailai Han, Sam Poser, Sean Dodge, Dodge, GoodRx, Ford, Daniel Roeska, Roeska didn't, Roeska, Christopher Horvers, Fred Imbert Organizations: CNBC, Ford, JPMorgan, Hasbro, NetEase, Bank of America, Rockstar Games, Rockstar, Supreme, Corp, Trading, EMEA, Timberland, RBC, RBC Capital Markets, pharma, Kroger Locations: China, Wednesday's, Americas

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