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☆ Diamond industry 'in trouble' as lab-grown gemstones tank prices further
▼ + stars: | 2024-06-05 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +4 min

Diamond prices have fallen 5.7% so far this year, according to Zimnisky's rough diamond index, declining more than 30% from their all-time high in 2022. Lab-grown diamonds, which can be up to 85% cheaper than natural diamonds, are made in a controlled environment using extreme pressure and heat. Lab-grown diamond sales have surged from just 2% of the global diamond jewelry market in 2017 to 18.4% in 2023, according to data provided by Zimnisky. An industry 'in trouble'"The diamond industry is in trouble," Daga told CNBC, adding that he believes natural diamond prices could fall another 15%-20% over the next 12 months. Similar to a natural diamond, a lab-grown diamond is graded based on the 4Cs — clarity, color, cut and carat weight.

Persons: Leon Neal, Duncan Wanblad, De, Paul Zimnisky, De Beers, Marcelo Esquivel, Ankur Daga, Daga, Anish Aggarwal, Lionel Bonaventure Organizations: Afp, Getty, De, BHP, Financial Times, De Beers, CNBC, Daxue Consulting, Bloomberg, Zimnisky Locations: Harrods, London, De Beers, American, China, U.S

☆ The best banks in the Asia-Pacific region, according to customers
▼ + stars: | 2024-06-05 | by ( Sumathi Bala | ) www.cnbc.com time to read: +1 min

SINGAPORE — Customers in Asia-Pacific have picked their favorite banks as lenders scramble to meet consumer expectations in a fast-changing environment. After a prolonged period of high inflation — and interest rates — banks in the region are starting to navigate the global trend of lower rates. The report below — the first of its kind — is designed to highlight the banks that best meet consumer needs in their respective markets. They also rated each based on five criteria: trust, terms and conditions (such as fees and rates), customer service, digital services and quality of financial advice. The ranking only included banks that qualified according to the criteria described in the report.

Persons: They're Organizations: Customers, CNBC Locations: SINGAPORE, Asia, Pacific

☆ Biden hints Netanyahu is dragging out Gaza war for political survival
▼ + stars: | 2024-06-04 | by ( Kevin Liptak | ) edition.cnn.com time to read: +5 min

“Whether he would change his position or not, it’s hard to say, but it has not been helpful,” Biden said. Speaking on Tuesday after the interview was published, Biden again acknowledged the pressures facing Netanyahu when asked if the prime minister was “playing politics” with the war in Gaza. Relations between Biden and Netanyahu have become strained in recent months as the war drags on. The ICC is something that we don’t, we don’t recognize,” Biden said when asked whether he believed Israel had committed war crimes in Gaza. In the interview, Biden declined to place blame directly on Netanyahu for any security failings.

Persons: Joe Biden, Benjamin Netanyahu, Israel, ”, Netanyahu, ” Biden, Netanyahu’s, “ Bibi, Biden, John Kirby, Biden’s, “, we’ll, Bibi Netanyahu, ” Kirby, they’ve, ” CNN’s Donald Judd Organizations: Washington CNN, White, National Security, International Criminal, ICC Locations: Gaza, Washington, Israeli, Israel

☆ UK general election: Why the economy is the key issue
▼ + stars: | 2024-06-04 | by ( Hanna Ziady | ) edition.cnn.com time to read: +7 min

Sunak will likely point to falling inflation and a strengthening economy as proof that his plan to “restore economic stability” is working. Here’s what data shows has happened to wages, living standards, the value of the pound, house prices and waiting times for medical treatment on the NHS. “Poor income growth has been an unfortunate feature of economic life in the UK over the last 15 years. On average, households now spend more than 29% of their after-tax income on rent, up from 24% in 2010, according to Zoopla, a property company. NHS waiting lists have grown steadily since the onset of the Covid-19 pandemic, contributing to worker shortages in the UK.

Persons: Rishi Sunak, Keir Starmer, Tony Blair, Sunak, YouGov, Labour Party Keir Starmer, Jeff J Mitchell, Alastair Grant, Tom Waters, “, —, Nick Ridpath, Liz Truss, “ Brexit, Clare Lombardelli, Brexit Organizations: London CNN, Conservative Party of, European Union, Labour Party, Labour, National Health Service, Conservatives, Britain's, Institute for Fiscal Studies, Conservative, Bank of England, Office, National Statistics, NHS Locations: Ukraine, United Kingdom, “, United States, Germany, Britain, England

☆ Mega rock engravings could be ancient borders, study suggests
▼ + stars: | 2024-06-04 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +7 min

CNN —Ancient rock engravings in what’s now South America — believed to be among the largest in the world — were meant to mark the boundaries of the territories inhabited by their makers, according to a new study. The rock art at Cerro Pintado, about 42 meters long, includes a giant snake, a human figure, a mask motif and a multilegged creature. Philip Riris et al. Monumental rock art of a snake tail in Colombia dwarfs the humans in this image. A close-up shows a detail of rock art on Picure Island, Venezuela.

Persons: South America —, Philip Riris et, ”, Philip Riris, —, Riris, they’re, ” Riris, weren’t, don’t, constricting, José Oliver, Natalia Lozada Mendieta —, Oliver, Lozada Mendieta, George Lau, Dr, Alexander Geurds, Geurds, doesn’t, ” Geurds, “ Organizations: CNN, Venezuela —, Cerro Pintado, Bournemouth University, University College London, Universidad de Los, Colombian, Venezuelan, University of East, University of Oxford Locations: what’s, South America, Venezuela, Colombia, Pintado, Cerro, Cerro Pintado, United Kingdom, Universidad de Los Andes, Americas, University of East Anglia, American

☆ Is the climate your top issue? Here's a guide to each candidate's stance.
▼ + stars: | 2024-06-04 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

From the protection of lakes and streams to the battle to curb greenhouse gas emissions, many voters in the upcoming US presidential election want to see the federal government play an active role in climate issues. One thing is clear though: the lion's share of voters believe that climate change is real. AdvertisementThe latest quarterly survey from the Yale Program on Climate Change Communication revealed that 72% of Americans believed that climate change was occurring, while only 15% disagreed. Related storiesHere's a look at President Joe Biden and former President Donald Trump's positions on climate — which is poised to be a defining issue for Gen Z and millennial voters this fall. But President Donald Trump withdrew from the plan while in office, blasting it as detrimental to the US economy.

Persons: Joe Biden, Donald Trump's, Gen Z, Biden, Barack Obama, Obama, Donald Trump, Trump Organizations: Service, Business, Yale, GOP, US, Keystone XL, Trump, Alaska National Wildlife, Environmental Protection Agency, Mar, The Washington, of Energy Locations: Paris, Alaska, Michigan

☆ A company developing Russia's answer to Musk's Starlink says it completed its first tests
▼ + stars: | 2024-06-04 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +1 min

A company developing Russia's answer to Elon Musk's Starlink said it completed its first tests. It uses the same approach as SpaceX's Starlink and other companies vying for the market. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA company developing Russia's answer to Elon Musk's Starlink said it has completed its first series of tests, using a laser inter-satellite link of its own design.

Persons: Elon Musk's Starlink, — Organizations: Service, Business Locations: Russian

☆ EU elections: How Russian trolls are meddling in the world’s second-biggest democratic vote
▼ + stars: | 2024-06-04 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +11 min

There is a focus on fake stories to influence attitudes on subjects like the wars in Ukraine and Gaza. But for the past year, the climate crisis has been the second-most targeted subject, according to the European Digital Media Observatory (EDMO). Official statistics, however, tell a different story: In 2022, renewables accounted for 23% of the energy consumed in the EU. The EU is considered a global leader in tackling planet-heating pollution, but climate disinformation could undermine the bloc’s ambitious goal to reduce carbon emissions by 90% by 2040, compared with 1990 levels. Its community standards policy in the past had only targeted video, but in April, it was expanded to include audio.

Persons: Morgan Wright, “, streetlights, Paula Gori, ”, Gori, EU DisinfoLab, Wright, Gaizka Iroz, they’ve, “ They’ve, ” Gori, Pallavi Sethi, ’, —, Facebook —, ” Wright Organizations: CNN, European Union, EU, Guardian, Bild, European Digital Media, Facebook, Getty, West, Grantham Research, London School of Economics, stoke, Services, European, Meta Locations: European, Russia, United States, United Kingdom, American, Europe, Germany, Ukraine, Gaza, EU, Spain, France, Biriatou, AFP, Africa, Asia, industrializing, Gori, Italy, Croatia, Poland, England, Grantham, Prague, Russian, Slovakia, Moscow

☆ F.D.A. Panel Weighs MDMA Therapy and Its Risks
▼ + stars: | 2024-06-04 | by ( Andrew Jacobs | ) www.nytimes.com time to read: +1 min

The Food and Drug Administration is weighing whether to approve the use of MDMA, also known as Ecstasy, for treatment of post-traumatic stress disorder. An independent advisory panel of experts will review studies on Tuesday and is expected to vote on whether the treatment would be effective and whether its benefits outweigh the risks. The panel will hear from Lykos Therapeutics, which has submitted evidence from clinical trials in an effort to obtain agency approval to sell the drug legally to treat people with a combination of MDMA and talk therapy. Methylenedioxymethamphetamine (MDMA) is a synthetic psychoactive drug first developed by Merck in 1912. After being resynthesized in the mid-1970s by Alexander Shulgin, a psychedelic chemist in the Bay Area, MDMA gained popularity among therapists.

Persons: Alexander Shulgin Organizations: Drug Administration, Lykos Therapeutics, Merck Locations: Bay

☆ Shohei Ohtani's former interpreter pleads guilty to gambling-related theft charges
▼ + stars: | 2024-06-04 | by ( David K. Li | ) www.cnbc.com time to read: +2 min

Ippei Mizuhara, the former interpreter for Japanese baseball star Shohei Ohtani, leaves federal court in Los Angeles, California, U.S., May 14, 2024. The former translator for Los Angeles Dodgers superstar Shohei Ohtani pleaded guilty on Tuesday to federal charges stemming from his multi-million-dollar thefts from the baseball icon. But federal prosecutors have made it clear that they purely view Ohtani as a victim of Mizuhara, who took advantage of the trust the player had in him. His first six seasons in North America were spent with the nearby Los Angeles Angels. The two-way star Ohtani is still recovering from an elbow injury that's keeping him off the mound in 2024 and limiting his action to the batter's box.

Persons: Ippei Mizuhara, Shohei, Shohei Ohtani, John Holcomb, Mizuhara, Ohtani, Babe Ruth, — Linda Takahashi Organizations: Los Angeles Dodgers, U.S, MLB, Dodgers, Los Angeles Angels, Boston Red Sox Locations: Los Angeles , California, U.S, Santa Ana, North America

☆ Trump lender Axos plunges 15% after short-seller report flags real-estate loan risk
▼ + stars: | 2024-06-04 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Axos Financial fell as much as 15% on Tuesday after Hindenburg Research announced a short position. The short bet stems from Axos' large exposure to commercial real estate. In a note, the research firm outlined that it's taken a short position in the lender, citing Axos' rising exposure to commercial real estate. AdvertisementTo compare with Axos, the noted cited that the average direct commercial real estate exposure among regional banks is 16.5% on loan books. CEO Greg Garrabrants also previously told Bloomberg that commercial real estate fears are overdone, and the risk is already reflected by Axos' stock price.

Persons: Axos, Hindenburg, —, Hindenburg's, Greg Garrabrants, Donald Trump Organizations: Axos, Hindenburg Research, Service, Securities and Exchange, Bloomberg, Trump Locations: California, Florida

☆ Meet Angelina Jolie and Brad Pitt's 6 children
▼ + stars: | 2024-06-04 | by ( Olivia Singh | ) www.businessinsider.com time to read: +13 min

AdvertisementVivienne Jolie-Pitt, Angelina Jolie, Zahara Jolie-Pitt, and Shiloh Jolie-Pitt at the world premiere of "Eternals" at the El Capitan Theatre in Hollywood on October 18, 2021. On her 18th birthday on May 27, Shiloh filed to legally change her name to Shiloh Jolie, TMZ and People reported. Knox, Zahara, Pax, Jolie, Vivienne, and Shiloh at the world premiere of "Maleficent: Mistress of Evil" in 2019. AdvertisementShiloh Jolie-Pitt, Zahara Jolie-Pitt, Angelina Jolie, Vivienne Jolie-Pitt, Maddox Jolie-Pitt and Knox Jolie-Pitt at the UK premiere of "Eternals" on October 27, 2021 in London, England. Vivienne is listed as "Vivienne Jolie" in the Playbill, but it's unclear if she legally changed her name.

Persons: —, Angelina Jolie, Brad Pitt, Jolie, Pitt, Maddox Jolie, Maddox, Yoon Suk, Stefani Reynolds, Rath Vibol, Maddox Chivan Thornton Jolie, Billy Bob Thornton, he'll, Maleficent, Jason Merritt, Zahara, Joe Biden, Yoon Suk Yeol, Kim Keon Hee, Zahara Marley Jolie, Christopher Jue, Disney Jolie, Kung, Shiloh, Kevin Winter, Robert Procop, Vivienne Jolie, Zahara Jolie, Shiloh Jolie, Jon Kopaloff, Pax, Matt Sayles, Invision, Jolie's, Oprah, tracksuits, Marilla, Marilla Sicilia, Vivienne, Doja, Hamilton Evans, He's, he's, Brad, Pax Jolie, Pax Thien, JC Olivera, Knox, Knox Léon Jolie, Issei Kato, Knox Léon, Vivienne Marcheline, Leon, Marcheline, Vivi, Marie Claire, Princess Aurora, Tigress, Knox Jolie, Karwai Tang, Getty Images Knox, Viv, isn't Organizations: Service, Miraval, Business, South, White, Getty, Pitt Foundation, Netflix, Vogue, Pitt, FBI, Yonsei University, British Vogue, Japan, Disney, Entertainment, El Capitan Theatre, Lexus, Spelman College, Spelman's Alpha Kappa Alpha, AP Pitt, Fair, Rome, Pax Thien Jolie, JR, Museum, Tolerance, BBC, REUTERS, Getty Images, Marvel, People Locations: France, Washington ,, Cambodia, Pitt's, Seoul, South Korea, British, Tokyo, Japan, Zahara, Ethiopia, Shiloh, Hollywood, Atlanta, Marilla Sicilia, Vegas, Vietnam, Paris, Knox, Los Angeles, London, England

That apartment complex is Stadium Lofts, a former baseball stadium that was converted into 138 apartments by Core Redevelopment, a Midwest developer group. The Stadium Lofts has 138 units and Stadium Flats, the four-building complex next door, has 144. The Stadium Lofts renovation took the partners just under two years to complete. The Stadium Flats addition was completed about a year after the Stadium Lofts opened and cost around $13 million. Cox, Watson, and his sons had a budget of $14 million for the Stadium Lofts conversion and, in the end, spent roughly $13.8 million.

Persons: Michael Cox, John Watson, Cox, Michael Potter, Watson Organizations: Core, CNBC, Indianapolis Indians, Indiana Landmarks, Bush, Cox, of Fame Locations: Indianapolis , Indiana, Midwest, Indiana, Indianapolis, Marion County , Indiana, Marion ,

☆ These 10 places have the largest shares of middle class residents in the U.S.—4 are in the Midwest
▼ + stars: | 2024-06-04 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +1 min

Depending on where you live, what's considered a middle income may not actually afford you a middle class lifestyle. Still, over half of U.S. adults self-identify as middle class or upper-middle class, according to a 2024 Gallup Poll. The organization defines middle class as income between two-thirds and double the national median household income, after incomes have been adjusted for household size. Middle income residents make up 65% of the population in Dover, Delaware — the largest share of over 200 metropolitan areas Pew analyzed. There, you need to earn between $36,292 and $108,876 a year to be considered middle class.

Persons: what's Organizations: Pew Research, Pew, . Census, American, Survey Locations: U.S, Dover , Delaware

☆ Job market is still strong but has 'gotten competitive' for applicants, economist says
▼ + stars: | 2024-06-04 | by ( Greg Iacurci | ) www.cnbc.com time to read: +2 min

"This is still a strong labor market." The U.S. Federal Reserve raised borrowing costs to pump the brakes on the economy and labor market, ultimately to throttle back inflation. watch nowThere are indicators the U.S. job market remains strong and resilient despite headwinds, economists said. The national unemployment rate has been below 4% — a level indicating historical labor market strength — since February 2022. The current job market is more sustainable, she said.

Persons: Julia Pollak, Don't, Thomas Ryan, it's, Pollak, ZipRecruiter Organizations: SDI, U.S . Federal Reserve, Labor, Capital Economics, Workers, Federal Reserve Locations: North America

☆ Boys on the fringe of society aren’t so different from yours, this boy mom says
▼ + stars: | 2024-06-04 | by ( Shannon Carpenter | ) edition.cnn.com time to read: +11 min

CNN: You start “BoyMom” with an interesting fact that baby boys are not nurtured as much as girls. Ruth Whippman: They’re about six weeks behind baby girls (in development), so a baby boy needs more help with self-regulating with emotions. So, boys need more, and they get less. The story is that boys get girls, and women generally tend to be these kinds of side characters that boys get as prizes for being heroes. CNN: How do we as individual men support the boys and men in our lives?

Persons: CNN —, Ruth Whippman, Laura Turbow That’s, “, ” Whippman, ”, influencers, Whippman, there’s, Ruth Whippman's, BoyMom, can’t, it’s, they’d, don’t, Shannon Carpenter, Dad ” Organizations: CNN, Penguin Random House CNN, Boys

☆ Mizuho's top June contrarian picks, where research firm is more bullish than the rest of Wall Street
▼ + stars: | 2024-06-04 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Of those seven stocks, Mizuho said its investment rating on Lowe's and PayPal were also above the Street consensus. Mizuho analyst David Bellinger's $280 price target implies that the stock could rally 29% from its Monday closing price. "We view Lowe's as decisively well-positioned as home improvement demand recovers and unleashes outsized, double-digit earnings expansion in the process," the analyst wrote. Similarly, financial technology platform PayPal has risen only about 4% this year, leaving its valuation "compelling" at current prices, according to Mizuho analyst Dan Dolev. Dolev's $90 price target is 42% above the stock's current price.

Persons: Mizuho, David Bellinger's, Lowe's, Bellinger, Dan Dolev, Dolev, Dolev's, Siti Panigrahi's, Panigrahi, — CNBC's Michael Bloom Organizations: Mizuho Securities, Stocks, Dow Jones, Nasdaq, Wall Street, PayPal, Home, Oracle, Nvidia, Oracle Cloud Infrastructure Locations: Mizuho

☆ Coldplay say they have beaten emissions target for world tour
▼ + stars: | 2024-06-04 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +3 min

CNN —Coldplay say they have surpassed their own target for cutting carbon emissions for live shows. Two years later, Coldplay announced its Music of the Spheres tour - and with it a pledge to halve emissions generated by show production, freight and the travel for band members and crew. Audiences have helped the band to slash their tour emissions with a host of measures, while still getting to see them play live. A tree has been planted for every ticket sold for the current tour. Among those who have taken measures to make their performances are more eco-friendly are Billie Eilish and Maroon 5.

Persons: Coldplay, Chris Martin, Mads Claus Rasmussen, Ritzau Scanpix, John E, Fernandez, ” Coldplay, “, who’s, Ole Jensen, CNN’s Becky Anderson, Martin, Neil Young, Bonnie Raitt, Billie Eilish Organizations: CNN, Coldplay, MIT, Solutions Locations: Costa Rica, Finland, Greece, Australia, New Zealand

☆ What we want to hear about AI iPhones at Apple's big developers event next week
▼ + stars: | 2024-06-04 | by ( Morgan Chittum | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Siri, Bernstein, Jim, Jim Cramer's Organizations: CNBC, Federal Reserve, Fed, Broadcom, Melius Research

☆ A human performance scientist shares the 9 supplements he takes daily for gut, brain, and muscle health
▼ + stars: | 2024-06-04 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +12 min

Read previewA human performance scientist who's coached elite athletes and celebrities, from the LA Clippers to Travis Barker, shared the nine supplements he takes daily for gut, brain, and muscle health with Business Insider. It can involve taking supplements or undergoing medical treatments that might not be backed by robust scientific evidence as an insurance policy. AdvertisementWhether taking collagen supplements supports joint health or improves joint-related conditions such as osteoathritis is a tricky question to answer based on the information currently available. AdvertisementGalpin takes 200 mg a day of magnesium for muscle health, recovery, and sleep. Galpin takes 5,000 International Units daily for muscle, brain, and gut health.

Persons: —, who's, Travis Barker, Andy Galpin, he's, They're, Richard Bloomer, There's, Galpin, it's, Paul T, von Hippel, Harvard T.H, Rami N, It's, Dorin Organizations: Service, LA Clippers, Business, California State University, Fullerton, BI, Memphis University, Harvard Medical School, Harvard Medical, sharaff, Mayo Clinic . Studies, Cleveland Clinic, MD Anderson Cancer Center, University of Texas, Harvard, of Public Health, American Sports, Fitness Association, University of California Irvine School of Medicine, UCI Sleep Disorders, Research Locations: Austin, Chan, Europe, Asia, Mount Sinai

☆ The 3rd human case of bird flu in the US has 2 new and troubling symptoms
▼ + stars: | 2024-06-04 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +9 min

The H5N1 virus has become a pandemic among animals, raging through worldwide bird populations and now through US cattle herds. There, the H5N1 virus can continue operating as an avian virus, grabbing avian receptors with no need to adapt to human receptors. Two previous one-off human cases of H5N1 — one in Chile and one in Ecuador — featured respiratory symptoms. Even with its current monitoring, the CDC would probably detect sustained human spread, he said. Correction — June 4, 2024: An earlier version of this story misstated the nature of genomic sequencing of the H5N1 virus.

Persons: —, Jude virologist Richard Webby, Diego Vara, Rick Bright, Amanda Perobelli, John Harper, Nirav Shah, farmworkers, Shah, Bright, Bill Powers, Nathan Howard, Department of Agriculture hadn't Organizations: Service, US Centers for Disease Control, Business, CDC, Reuters, World Health Organization, Studies, New York Times, Stock, Drug Administration, STAT, Webby, Department of Agriculture Locations: Texas, Michigan, Americas, Norte, Brazil, Chile, Ecuador, Campinas, Townsend , Delaware

☆ Lionel Messi is taking on Prime with a new sports drink
▼ + stars: | 2024-06-04 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Logan Paul’s Prime drink has some new competition in the form of the G.O.A.T. And the drink is also a new foray into non-alcoholic drinks for Mark Anthony Brands, as Americans consume less alcohol. Más+ by Messi is a low-sugar drink containing electrolytes and vitamins without artificial sweeteners, colors or caffeine. Hydration and energy drinks are projected to be a $60 billion market by 2032, growing roughly 6% annually, according to Precedence Research. “Gen Alpha is up for grabs, and that is who these new generation energy drinks are aiming to capture especially as they enter teenage years.”

Persons: New York CNN — Logan, Lionel Messi, White, Mark Anthony Brands, Messi, Miami Punch, Ballon, Seltzer, Andrea Hernández, ”, “, ” Hernández, Alpha Organizations: New, New York CNN, Soccer, Paul’s, Gatorade, Miami, Inter Miami, Orange, Major League Soccer, Messi, Beverage Co, Research, BodyArmor, CNN Locations: New York, Miami, America

☆ Indian stocks have worst day in 4 years as Modi’s hopes of a huge majority fade
▼ + stars: | 2024-06-04 | by ( Diksha Madhok | ) edition.cnn.com time to read: +3 min

New Delhi CNN —Indian stocks plunged Tuesday as vote counting in the country’s election suggested Prime Minister Narendra Modi’s dream of a landslide victory is at risk, raising doubts about his ability to push through more aggressive economic reforms. India’s benchmark Sensex index, which tracks 30 large companies, and the broader Nifty 50 index each closed down by nearly 6%. The worst daily drop for Indian stocks since 2020 came just 24 hours after both indexes hit record highs as weekend exit polls prompted experts to predict a resounding victory for Modi. The 73-year-old ran on his economic record over the past 10 years, a period of robust growth for India. But investors have complained about the high price of Indian stocks and some analysts believe a correction could be healthy for markets.

Persons: Narendra Modi’s, Modi, India’s, ”, Yashovardhan Khemka, Manish Jain Organizations: New, New Delhi CNN, Bharatiya Janata Party, BJP, Research, Analytics, Abans Holdings, National Stock Exchange of India, Shenzhen Stock Exchange, Hong Kong Exchange, bourse, World Federation of Exchanges, Mirae Locations: New Delhi, India, Mumbai, United States, China

☆ How AI could supercharge the Vision Pro
▼ + stars: | 2024-06-04 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +9 min

It could also boost sales of the pricey Vision Pro, which has reportedly and unexpectedly received a production cut. During its most recent earnings call, CEO Tim Cook said more than half of the Fortune 100 companies have already bought an Apple Vision Pro. But while it’s unclear when generative AI will come to the Vision Pro, Nygugen said: “It’s only a matter of time.”That’s because the Vision Pro is merely just another interface – much like a tablet, laptop, or watch, that touches Apple’s ecosystem. The Vision Pro, the tech giant's $3,499 headset, is its first major release since the Apple Watch nine years ago. “Vision Pro just came out a few months ago and it needs to get its feet under it before it really starts to take off,” Llamas said.

Persons: it’s, Tim Cook, It’s, Siri, “, Tuong, ”, Nygugen, ” Nygugen, Angela Weiss, Ming Chi, Kuo, Jeremy Bailenson, Bailenson, Ramon Llamas, Apple, ChatGPT – Organizations: CNN, Developers, Google, Samsung, Vision, Fortune, Apple Vision, Gartner, Apple, Apple Watch, Getty, Vision Pro, Stanford, VR, IDC, Microsoft, “ Locations: Cupertino , California, New York City

☆ The Cost of Traveling While Gay: Passing As Straight Helps Us Travel
▼ + stars: | 2024-06-04 | by ( Timothy Moore | ) www.businessinsider.com time to read: +10 min

AdvertisementHomosexuality isn't illegal in Egypt, but the country is famous for its discrimination against the LGBTQ+ community. "Not all states have equal protection laws, especially for transgender and gender-diverse individuals," John Tanzella, president and CEO of the International LGBTQ+ Travel Association, told Business Insider. Airbnb hosts can indicate they're LGBTQ-friendly in their listings, and there are companies and entire cruise lines dedicated to gay travel. Perhaps the most comprehensive is the IGLTA, which has been helping members of the community travel safely since 1983. "The future of LGBTQ+ travel is bright," Tanzella said, though he cautioned significant hurdles still remain.

Persons: Trent, peck, we'd, we've, I'd, Equaldex, John Tanzella, Ron DeSantis, you've, Dan Leveille, it's, Leveille, Tanzella, —, I've, It's, there's, I'm Organizations: Business, Ferrari, United Arab, International, Travel, Equity, Gov, Technology Locations: Jamaica, Trent, Spain, Morocco, United Arab Emirates, Egypt, United States, Florida, Berlin, Puerto Vallarta

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