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☆ Bollywood Stars, Former Prime Ministers and the Kardashians Attend the Ambani Wedding
▼ + stars: | 2024-07-13 | by ( Sadiba Hasan | ) www.nytimes.com time to read: +1 min

On Friday afternoon, Sneh Zala, 24, waited for celebrities to arrive on the red carpet for the wedding of Anant Ambani, the youngest son of India’s richest man, and Radhika Merchant, a daughter of a fellow business tycoon. The red carpet was set up in a room adorned with lanterns and red and orange garlands and floral arrangements. It’s not every day that Kim and Khloé Kardashian, John Cena and Boris Johnson gather in Mumbai for an Indian wedding. Mr. Zala was one of about 100 media members clamoring next to the red carpet, not a common addition at most weddings. But given the sheer amount of celebrities present, including Bollywood superstars, several members of the Indian cricket team, former prime ministers and billionaire businessmen, and the fabulous Indian clothes on display, a runway seemed in order.

Persons: Sneh, Anant Ambani, Radhika Merchant, Manav Manglani, It’s, Kim, Khloé Kardashian, John Cena, Boris Johnson, Zala, clamoring Organizations: Indian cricket Locations: Sneh Zala, Zala, Mumbai

Mizuho initiated Home Depot with a buy rating, calling for roughly 10% upside. The bank upgraded shares of the industrial equipment manufacturer to a buy rating. Analyst Manav Gupta also lifted his price target to $170 from his prior target of $152. Analyst Gavin Parsons reiterated his buy rating on the stock and price target of $275. The bank initiated coverage of the home improvement stock at a buy rating, setting a price target of $415.

Persons: Mizuho, Manav Gupta, Howden, Gupta, GTLS, — Lisa Kailai Han, Gavin Parsons, Parsons, Fred Imbert, David Bellinger, Bellinger, Wells Fargo, Aaron Rakers, Goldman Sachs, Toshiya Hari, Bernstein's Stacy Rasgon, Taylor Swift, Jensen, Huang Organizations: CNBC, UBS, Boeing, Nvidia, Industries, YE2026E, Department of Energy, Alaska Airlines, Mizuho, SAP Center, Blackwell, ~$ Locations: Howden, GTLS, Mizuho, San Jose

He also said that Flywire trading at a discount of about 25% is "unwarranted given the company's strong competitive position and organic revenue growth trajectory." "These risks along with a tough demand setting is likely to remove any support for the stock price." — Alex Harring 5:29 a.m.: BTIG moves to sidelines on McDonald's after earnings BTIG has a different taste in its mouth about McDonald's following earnings. The bank upgraded the delivery giant to buy from neutral and hiked its price target to $175 from $160. "We expect management to deliver a strong cost reduction program to support margin expansion and attractive EPS growth despite facing a backdrop of muted revenue growth," analyst Thomas Wadewitz wrote.

Persons: Flywire, Nate Svensson, That's, Svensson, — Alex Harring, Gross, Manav Gupta, Gupta, Jairam Nathan, Nathan, Tesla, Li, Edison Yu, Yu, Piper Sandler, Arvind Ramnani, Chegg, Ramnani, Alex Harring, Tyler Radke, Palantir, Radke, BTIG, Peter Saleh, Saleh, McDonald's, Thomas Wadewitz, Wadewitz, Fred Imbert Organizations: CNBC, Parcel Service, Deutsche Bank, UBS, Leadership, Li Auto, KraneShares CSI China Internet, Citi, Wall, Revenue, UPS Locations: Tuesday's premarket, Monday's, U.S, Israel

☆ Snowfall is changing across the globe, new maps show
▼ + stars: | 2023-11-25 | by ( Manav Tanneeru | Eric Zerkel | ) edition.cnn.com time to read: +8 min

CNN —Snowfall is declining globally as temperatures warm because of human-caused climate change, a new analysis and maps from a NOAA climate scientist show. There has already been a 2.7% decline in annual global snowfall since 1973, according to Brettschneider’s analysis of data from the European Union’s Copernicus Climate Change Service. The increase in snowfall in the Northeast seen on the maps illustrates the complicated nature of changing precipitation patterns with climate change, scientists told CNN. “Even though the total snowfall trend was positive, the days per year with snowfall trend is negative,” Brettschneider told CNN. Managing water with less snowUnderstanding the implications of less snowfall on the global water supply is far more complicated than simply saying less snow falling means less available water, Mankin said.

Persons: ”, Brian Brettschneider, ” Snow, Justin Mankin, haven’t, ” Mankin, Jessica Lundquist, Lundquist, ” Lundquist, ” Brettschneider, Brettschneider, Mankin, “ Organizations: CNN, NOAA, Northeast, National Weather Service, Dartmouth College, University of Washington Locations: Alaska, Northern, California, American, “ California, snowpack, South Asia, Spain, Italy, Greece, North Africa, Morocco

☆ Solid state batteries promise to radically change EVs. But they may not be the only answer
▼ + stars: | 2023-11-23 | by ( Manav Tanneeru | Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

Car companies including Stellantis, Hyundai and Volkswagen have also teamed up with firms working on solid state batteries. But solid state technology has its own challenges, and it’s not the only way automakers could achieve lighter, cheaper and faster charging electric vehicles. In a solid state battery, the electrolyte is, well, a solid. That solid electrolyte is one reason that solid state batteries might be safer than lithium-ion batteries. Ultimately, there probably will never be one battery technology used in all EVs, GM spokesperson Phil Lienert said.

Persons: it’s, William Kephart, Kephart, ”, Siyu Huang, Quantumscape, That’s what’s, Phil Lienert Organizations: CNN, Toyota, Stellantis, Hyundai, Volkswagen, P3, OneD, Sciences, GM

☆ Puka Nacua: From breaking records to LeBron James shoutouts, the ‘special’ rookie wide receiver
▼ + stars: | 2023-11-16 | by ( Manav Tanneeru | Ben Morse | ) edition.cnn.com time to read: +12 min

Nacua’s jersey has been placed in football’s shrine to all things great and good because of the historic beginning to his rookie NFL season. An already high-ceiling group, which included Cooper Kupp – the NFL’s receptions, receiving yards and touchdowns leader in 2021 – was searching for additional explosiveness. It couldn’t be any better,” Nacau told reporters after the Rams’ Week 1 victory in Seattle against the Seahawks. Over the next five weeks of the season, Nacua compiled 326 receiving yards off 25 catches and a touchdown. Nacua has 293 more receiving yards than the next rookie in the league, Jordan Addison.

Persons: –, Puka Nacua, Jaylen Waddle, Michael Owens, University of Washington –, Fesi Sitake, “, he’s, ” Sitake, Nacau, Sitake, ” –, Jaren Hall –, Minnesota Vikings – Nacua, Nacua, ” Nacua, Tyler Ingham, Puka, wasn’t, ‘, Cooper Kupp, Kupp, Sean McVay, ” Nacau, Earl Cooper, Odell Beckham Jr, Gary A, Vasquez, McVay, McVay effusively, it’s, ” McVay, Eric Yarber, Cooper, Atwell, Jefferson, Matthew, Stafford, Justin Casterline, Hallie Aiono, LeBron James, Jordan Addison, Harry, “ It’s, ” Organizations: CNN, Super Bowl, NFL, Pro Football Hall of Fame, Los Angeles Rams, Rams, Philadelphia Eagles, SoFi, Brigham Young University, BYU, University of Washington, CNN Sport, Clydesdale, Minnesota Vikings, Cougars, Boise State, Boise State Broncos, ”, Kupp, Seahawks, USA, Sports, Reuters Rams, San Francisco 49ers, “, that’s, Indianapolis Colts, Nacua, Colts, Dallas Mavericks Locations: Canton , Ohio, Utah, Nacua, Clydesdale, Scotland, Eastern Washington, Seattle

☆ How head lice reveal secrets about human origins
▼ + stars: | 2023-11-13 | by ( Manav Tanneeru | Katie Hunt | ) edition.cnn.com time to read: +5 min

CNN —Head lice have been constant, if unwanted, human companions for as long as our species has been around. Some 20 years ago, David Reed, a coauthor of the new study and a researcher and curator at the Florida Museum of Natural History, found that human head lice are composed of two ancient lineages, with origins predating Homo sapiens. Doing so allowed researchers to detect the hybrid lice and better capture the genetic diversity of head lice. Ascunce said she had hoped the information they gleaned might answer whether Neanderthal head lice are still around today, but the 15 genetic markers, known as “microsatellites,” that they studied in the lice nuclear DNA didn’t reveal that information. “New ongoing studies are being done using whole genome sequences from human lice, so stay tuned for more exciting research on that.”

Persons: ”, Marina Ascunce, Jeff Gage, Ascunce, It’s, David Reed, sapiens, “ Organizations: CNN, US Department of Agriculture, Plos, Florida Museum, University of Florida Locations: Brazil, Africa, Americas

☆ Diwali, the Festival of Lights, explained
▼ + stars: | 2023-11-11 | by ( Manav Tanneeru | Harmeet Kaur | ) edition.cnn.com time to read: +6 min

CNN —More than a billion Hindus, Sikhs, Jains and Buddhists around the world are celebrating Diwali, the festival of lights. Narinder Nanu/AFP/Getty Images• Choti Diwali, or Naraka Chaturdashi: The second day of Diwali marks Lord Krishna’s defeat of the demon king Narakasura. • Diwali, or Lakshmi Puja: The third day of the festival is what people typically think of as Diwali. For some Hindus, Diwali marks Rama and Sita’s triumphant return to their kingdom after 14 years of exile. For Jains, Diwali signifies the day Lord Mahavira, their last spiritual leader, attained physical death and achieved enlightenment.

Persons: It’s, Rafiq Maqbool, Lakshmi, Dhanvantari, Ayurveda, Narinder Nanu, Krishna’s, Narakasura, •, Krishna, Lord Indra’s, • Bhai Dooj, Lord Yama, tilak, Prince Rama, Vishnu, Sita, Ravana, Rama, Sita’s, Xavier Galiana, Lord Krishna’s, Bali, Bandi, Hargobind, Emperor Jahangir, Jahangir, Guru Hargobind, Mahavira, Emperor Ashoka, Manjunath Kiran, patti, Shiva, Parvati Organizations: CNN, Getty, Lord Locations: India, Nepal, Malaysia, Fiji, Homes, Mumbai, AFP, Vrindavan, Bangalore

☆ At Dubai Design Week, an architect created a space for humans and pigeons to share
▼ + stars: | 2023-11-10 | by ( Manav Tanneeru | Arya Jyothi | ) edition.cnn.com time to read: +5 min

Among them, Dubai-based Syrian Ahmad Alkattan has created a cocoon-style intimate outdoor social space where designers can “hatch” their ideas. Alkattan’s design is part of the annual Dubai Design Week and won first place in its Urban Commissions competition, which invites designers and architects to develop innovative outdoor furniture. This year, more than 30 designs for installations submitted for DDW have been built in the city’s Design District. Dubai Design WeekAhead of the upcoming COP28 climate conference in Dubai, the theme for this year’s design week emphasizes sustainable practices and materials. “So [the competition] is a very relevant project not just for what is staged in Dubai Design Week, but where we can see this in the future.”Designest is Alkattan’s third attempt at winning the Urban Commissions category.

Persons: Ahmad Alkattan, “ Designest, Alkattan, Designest, “, I’ve, Mette Degn, Christensen, DDW, it’s, ”, Abdalla, TEE VEE, Degn Organizations: CNN, Design, Dubai Design, DDW, Mitsubishi, Tea Locations: Dubai, Dubai —, Venice, Arabi, UAE

☆ Adam Johnson: Ice hockey players have been ‘stubborn’ about wearing neck protection. That might be about to change
▼ + stars: | 2023-11-10 | by ( Manav Tanneeru | George Ramsay | ) edition.cnn.com time to read: +11 min

CNN —A “crazy amount of emotions” ran through TJ Oshie’s mind as he watched footage of what would be American hockey player Adam Johnson’s final moments on the ice. The English Ice Hockey Association has announced that all players must wear neck guards from the start of next year, and the Pittsburgh Penguins, Johnson’s former NHL team, are mandating neck guards for their minor league players, coach Mike Sullivan has said. In the NHL, neck guards – let alone neck coverings of any kind – are not a common sight. “I think there is a machismo within ice hockey where you’re seen as being something less if you choose to wear more protective equipment,” ice hockey broadcaster Seth Bennett tells CNN Sport. Warroad’s neck guards are fitted with Kevlar and steel components, ensuring that they have enough stiffness to stay upright and offer effective coverage around the neck.

Persons: ”, Adam Johnson’s, Johnson, Oshie, –, ” Oshie, “, “ I’m, Johnson’s, Mike Sullivan, Bruce Bennett, Tanyka Rawden, Seth Bennett, Bennett, Gary Bettman, Stanley, ” TJ Oshie, Patrick Smith, Jason Olden, Olden, we’ve, it’s, ” Mary, Kay Messier, Messier, aren’t, Teddy Balkind, Richard Zednik, Clint Malarchuk, ” Malarchuk, Rick Stewart, Dr, Mike Stuart, ” Stuart, there’s, Stuart Organizations: CNN, TJ, NHL’s Washington Capitals, CNN Sport, Capitals, New York Islanders, Sheffield, Nottingham Panthers, Panthers, Sheffield Steelers, Ice Hockey Association, Pittsburgh Penguins, NHL, New York Rangers, Madison, Garden, Getty Images, ”, Ice Hockey Federation, USA Hockey, Washington Capitals, Columbus Blue Jackets, “, Bauer Hockey, ” Bauer Hockey, Florida Panthers, Buffalo Sabres, Athletic, Montreal Canadiens, Memorial, Protective, National Hockey League Locations: American, Sheffield, Buffalo

☆ Plane takes off with missing window panes as crew fails to spot damage
▼ + stars: | 2023-11-09 | by ( Manav Tanneeru | Tamara Hardingham-Gill | ) edition.cnn.com time to read: +4 min

CNN —An Airbus A321 aircraft took off from London Stansted Airport last month with four damaged window panes, including two that were missing, according to UK air accident investigators. The plane landed back at Stansted Airport safely shortly afterward. “Having inspected the window, it was agreed the aircraft should return to Stansted,” the report continues. The flight crew initiated a descent and the aircraft arrived back at Stansted Airport a short while later. After passengers had disembarked and the plane was parked and shut down, the crew inspected the plane from the outside, and found that two cabin window panes were missing and a third was dislodged.

Persons: ”, “, David Goddard Organizations: CNN, Airbus, London Stansted Airport, Orlando International Airport, Investigation, Stansted Airport, Stansted, ” “ Aircraft Locations: London, Florida, Stansted

☆ Australian man survives crocodile attack by biting back
▼ + stars: | 2023-11-09 | by ( Manav Tanneeru | Jack Guy | ) edition.cnn.com time to read: +3 min

CNN —An Australian cattle farmer has managed to survive a crocodile attack after biting the huge predator on the eyelid. Colin Deveraux told national broadcaster ABC that he was working along the Finniss River in the Northern Territory when he stopped to check a billabong, an Australian term for a pond left when a river recedes. “I took two steps and the dirty bastard (the crocodile) latched onto my right foot,” Deveraux told ABC. Deveraux recounted how he kicked the crocodile and then fell over with his head near the crocodile’s head before trying to bite it. Deveraux told ABC that the incident has made him rethink his behavior, and he now believes he shouldn’t have gone out that far into the billabong.

Persons: Colin Deveraux, “, ” Deveraux, ”, Deveraux, Doctors, shouldn’t Organizations: CNN, ABC, billabong, Royal Darwin Hospital, Australia Locations: Northern Territory, Australia

☆ Five tips for living with long Covid
▼ + stars: | 2023-11-09 | by ( Manav Tanneeru | Andrea Kane | ) edition.cnn.com time to read: +8 min

They struggled to define and measure long Covid, to identify a cause for or a mechanism behind it. Long Covid is not somebody else’s problem: a 2022 National Center for Health Statistics survey estimated that almost 7% of US adults, and more than 1% of children, who reported having Covid have struggled with long Covid at some point. To hear more of Putrino’s conversation on the possible causes of long Covid and the search for biomarkers, listen to the full podcast episode here:What can you do to help yourself if you have long Covid? Mind your mast cellsSometimes, during both an acute Covid infection and in long Covid, a person experiences hyperinflammation across many body systems; researchers believe that this happens because mast cells are activated. Reach out for helpThis last tip is for caregivers and friends of people with long Covid, or anyone with a chronic disease.

Persons: Sanjay Gupta, —, Covid, David Putrino, “ We’re, ” Putrino, Putrino, ”, ‘, “, ’, ’ ” Putrino, dysautonomia Dysautonomia, they’re Organizations: CNN, National Institute of Health’s, for Health Statistics, Rehabilitation, Sinai Health, MCAS Locations: United States, New York City

☆ Manchester United stunned by Copenhagen in seven-goal Champions League thriller
▼ + stars: | 2023-11-09 | by ( Manav Tanneeru | Ben Morse | ) edition.cnn.com time to read: +7 min

CNN —Manchester United’s nightmare season continued on Wednesday night after it was stunned in the Champions League by Copenhagen in a seven-goal thriller. So I can’t make any criticism on the team for that.”Ten Hag looks on during the Champions League game against Copenhagen. James Gill - Danehouse/Getty ImagesAfter an adversity-filled few weeks, Wednesday looked like it might have been the rebirth of Manchester United under the Dutchman. Copenhagen players celebrate after beating Manchester United. Maja Hitij/Getty ImagesBardghji became the youngest player to score a Champions League goal against Manchester United, aged 17 years and 358 days.

Persons: Rasmus Højlund, Marcus Rashford, Erik ten, ”, James Gill, Højlund’s, Copenhagen’s Elias Jelert, Rashford, Donatas Rumšas, Paul Scholes, Owen Hargreaves, Maja Hitij, I’m, Mohamed Elyounoussi, Diogo Gonçalves, United, Harry Maguire’s, Bruno Fernandes, Lukas Lerager, Bardghji, Fernandes, “, it’s Organizations: CNN, Manchester, Champions League, Copenhagen, Galatasaray, Bayern Munich, Premier League, Manchester City, Devils, League, Newcastle United, Manchester United, England, United, TNT Sports, Leicester, Luton Locations: Copenhagen, Brighton, Crystal, Portuguese

☆ Laura Enever: Australian surfer officially breaks world record after taming giant wave
▼ + stars: | 2023-11-09 | by ( Manav Tanneeru | Ben Church | ) edition.cnn.com time to read: +3 min

CNN —Australian surfer Laura Enever can finally celebrate officially breaking a world record for the largest wave ever paddled into by a woman. Guinness World Records and the World Surf League (WSL) have now verified the size of the 13.3-meter (about 43.6-foot) wave that she successfully surfed in Hawaii on January 22. “Andrea Moller held this record before me and it’s an honor to hold that record and keep pushing big wave surfing. Video Ad Feedback He loves giant waves, hates being underwater 01:30 - Source: CNNShe has since entered into WSL Big Wave events where she continues to push herself to the limits. Germany’s Sebastian Steudtner owns the record for the biggest wave ever surfed, riding a 26.21-meter (about 86-foot) whopper in 2020.

Persons: Laura Enever, “, ” Enever, Andrea Moller –, ”, I’m, Enever, “ Andrea Moller, Laura, Jessi Miley, Dyer, “ Laura, Aaron Gold, Germany’s Sebastian Steudtner Organizations: CNN, Guinness World Records, Surf League, Junior, Big Locations: Australian, Hawaii, Enever

☆ Zac Efron says it would be ‘extraordinary’ to play Matthew Perry in biopic as the ‘Friends’ star wanted
▼ + stars: | 2023-11-09 | by ( Manav Tanneeru | Amarachi Orie | ) edition.cnn.com time to read: +2 min

CNN —Zac Efron has shared his response to finding out that Matthew Perry wanted the “High School Musical” actor to play him in a biopic. “I was hugely honored,” Efron told Extra TV during the premiere for his upcoming movie “The Iron Claw” in Dallas on Wednesday. Zac Efron played the younger version of Matthew Perry's character in the 2009 comedy film "17 Again." Perry revealed last year that Efron had, however, once turned down an opportunity to play a younger version of him. He added that the dream younger version of himself “was Zac Efron, but he said no.

Persons: CNN — Zac Efron, Matthew Perry, “, ” Efron, I’m, ”, Zac Efron, Matthew Perry's, Athenna Crosby, Perry, Efron “, ” Crosby, Efron, Perry costarred, Mike O’Donnell, Jessica Shaw, ” Perry, we’ve Organizations: CNN, Bel, Entertainment Locations: Dallas

☆ Global warming: Humanity just lived through the hottest 12 months in at least 125,000 years
▼ + stars: | 2023-11-09 | by ( Manav Tanneeru | Laura Paddison | ) edition.cnn.com time to read: +7 min

A temperature display reading 99 degrees Fahrenheit (37.2 degrees Celsius) in Houston, Texas, on June 21, 2023. “October 2023 has seen exceptional temperature anomalies, following on from four months of global temperature records being obliterated,” Samantha Burgess, deputy director of Copernicus, said in a statement. Every month since June has smashed monthly heat records and every month since July has been at least 1.5 degrees Celsius above pre-industrial levels. The year to-date is averaging 1.43 degrees Celsius above pre-industrial levels, according to Copernicus — perilously close to the internationally agreed ambition to limit global warming to 1.5 degrees Celsius. China saw more than 12 monthly temperature records broken on Monday, with temperatures reaching 34 degrees Celsius (93 Fahrenheit) in some places.

Persons: ” David Reay, Niño, ” Andrew Pershing, “, Chen Chen, Samantha Burgess, Copernicus, ” Hannah Cloke, Hurricane Otis, ” Reay, it’s what’s, Friederike Otto, ”, “ El Niño, ” Pershing, ” CNN’s Robert Shackelford, Sara Tonks, Brandon Miller Organizations: CNN, University of Edinburgh, Climate, University of Reading, Hurricane, Southern, Grantham Institute, Imperial College London, UN Locations: Edinburgh, India, United States, South, Southwest, Houston, Iceland, Lesotho, Houston , Texas, Xinhua, Southern Mexico, China, Texas, Dubai, Paris

☆ ChatGPT outage could stem from targeted server attack, OpenAI says
▼ + stars: | 2023-11-09 | by ( Manav Tanneeru | Samantha Kelly | ) edition.cnn.com time to read: +1 min

CNN —OpenAI said recent outages of its viral ChatGPT chatbot could be caused by targeted attacks on its servers. Users on Wednesday were unable to access all of OpenAI’s tools and services and received a message that the platform was at capacity. The outage comes three days after OpenAI hosted its first developer conference, held in San Francisco. CEO Sam Altman said 2 million developers now use the platform, and about 90% of Fortune 500 companies are using the tools internally. At the event, the company unveiled a series of artificial intelligence tool updates, including the ability for developers to create custom versions of ChatGPT.

Persons: CNN — OpenAI, ” OpenAI, OpenAI, Sam Altman Organizations: CNN, Fortune Locations: San Francisco

☆ Singles Day: China’s e-commerce giants try to lure reluctant consumers with ‘truly low’ prices
▼ + stars: | 2023-11-09 | by ( Manav Tanneeru | Laura He | ) edition.cnn.com time to read: +6 min

The Singles Day festival, also known as “Double 11,” was created by Alibaba in 2009 and has turned into a weeks-long shopping bonanza in China. To lure them, e-commerce platforms are offering rock bottom prices this Singles Day. “While the government is looking for solid consumption growth, consumer spending is hampered by both lower household income growth and weak consumer confidence,” said Louis Kuijs, chief Asia economist at S&P Global Ratings. This is a real downgrade in consumption,” the user said, adding she hadn’t yet spent any money during the current Singles Day. “Some promotions are fake,” said another user under the name “Nyanko.” “Merchants have raised prices before cutting them for Singles Day.

Persons: ”, Alibaba, Alibaba’s, JD.com’s, Pinduoduo’s, ” “, Alicia Yap, Zhejiang province Hu Xiaofei, Louis Kuijs, ” Kuijs, Jacob Cooke, “, ” Cooke, Cooke, John Donahoe, Lululemon Organizations: Hong Kong CNN, Companies, Citi, “, China’s, Technologies, Bain and Company, Pinduoduo, Nike, . Company, Starbucks Locations: China, Hong Kong, Beijing, Jinhua, Zhejiang province, Asia

☆ China slips back into deflation in October after pork prices plunged
▼ + stars: | 2023-11-09 | by ( Manav Tanneeru | Michelle Toh | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Consumer prices in China fell more than expected last month, sliding the country back into deflation and renewing concerns about the strength of the world’s second largest economy. As China’s most consumed meat, pork has an outsized weighting in the consumer price index. He said deflation was a “pernicious” situation characterized by a decline in consumer prices as well as the prices of assets and wages, leading to a sharp slowdown in economic activity. But consumer prices recovered in August. This drop “reflects uncertainty around the solidity of China’s recovery,” HSBC Greater China economist Erin Xin noted in a report.

Persons: Goldman Sachs, Robert Carnell, ”, Erin Xin Organizations: Hong Kong CNN —, National Bureau of Statistics, Economics, Asia Pacific, ING, ” HSBC Locations: China, Hong Kong

☆ UN report warns war has already set Gaza and West Bank economy back more than a decade
▼ + stars: | 2023-11-09 | by ( Manav Tanneeru | David Shortell | ) edition.cnn.com time to read: +5 min

CNN —Israel’s war on Hamas could set the Palestinian economy in Gaza and the West Bank back decades, according to a new analysis by the United Nations Development Programme (UNDP). Key economic measurements, including employment rates and GDP, have all plunged across Gaza and the West Bank, according to the UNDP analysis. The past month of conflict has erased 61 percent of employment in Gaza and 24 percent of employment in the West Bank, the report warns. After one month of fighting, the number of people living in poverty in Gaza and the West Bank increased by nearly 20 percent, the UNDP report says. If the fighting were to continue through a second month, the Palestinian economy would be set back 19 years’ worth of development, Al Dardari said.

Persons: CNN —, Abdallah Al Dardari, Al Dardari, “ I’ve, ”, Ashraf Amra, Benjamin Netanyahu, Netanyahu, Israel Organizations: CNN, West Bank, United Nations Development Programme, Palestinian Ministry of Health, UNDP, Bureau, Arab, United Nations Relief, Works Agency, Getty, World Bank, Human Rights Watch, United Nations Office, Humanitarian Affairs, ”, Israeli Locations: Gaza, Israel, Ramallah, Palestinian, Deir al Balah, Anadolu, Egypt, Palestine

☆ Mortgage rates plummet by largest amount in a year
▼ + stars: | 2023-11-09 | by ( Manav Tanneeru | Anna Bahney | ) edition.cnn.com time to read: +5 min

Washington, DC CNN —Mortgage rates tumbled this week in the biggest one-week drop since last November. “Many consumers are feeling strained by the high cost of living, so unless mortgage rates decrease significantly, the housing market will remain stagnant.”The average mortgage rate is based on mortgage applications that Freddie Mac receives from thousands of lenders across the country. When Treasury yields go up, so do mortgage rates; when they go down, mortgage rates tend to follow. But while mortgage rates remain relatively high, the difference between rates now and what they were a year ago has narrowed, said Lisa Sturtevant, chief economist at Bright Multiple Listing Service. “We are in a new era for mortgage rates, where prospective homebuyers can expect rates to settle above 6%,” said Sturtevant.

Persons: It’s, Freddie Mac, ”, Sam Khater, Freddie Mac’s, Joel Kan, Jiayi Xu, Xu, Realtor.com, Lisa Sturtevant, Sturtevant Organizations: DC CNN —, “, Treasury, Mortgage, Association Locations: Washington

☆ Mystery of ‘Stick Man’ on Led Zeppelin album cover finally solved
▼ + stars: | 2023-11-09 | by ( Manav Tanneeru | Amarachi Orie | ) edition.cnn.com time to read: +3 min

London CNN —After more than half a century, the identity of the elderly, stick-carrying man featured on the “Led Zeppelin IV” album cover has finally been revealed. The “Stick Man” who featured on the cover of English rock band Led Zeppelin’s 1971 fourth studio album was a thatcher from the late-Victorian era, the Wiltshire Museum in southwestern England said in a statement Wednesday. Led Zeppelin members (left - right) John Paul Jones, John Bonham, Jimmy Page and Robert Plant pose in front of their private airliner The Starship in 1973. This colored version was the only feature on the “Led Zeppelin IV” album cover, which, unusually, had no words on it, not even the band’s name. “It is fascinating to see how this theme of rural and urban contrasts was developed by Led Zeppelin and became the focus for this iconic album cover 70 years later,” the museum’s director, David Dawson, said in the statement.

Persons: thatcher, Wiltshire thatcher, Longyear –, Brian Edwards, UWE Bristol, Wiltshire Thatcher, Edwards, Ernest, Zeppelin, Robert, Jimmy, John Paul, ” Edwards, John Paul Jones, John Bonham, Jimmy Page, Robert Plant, Ernest Howard Farmer, Jimmy Page’s, David Dawson Organizations: London CNN, Wiltshire Museum, University of the, England, Regional, BBC Radio Wiltshire, Zeppelin, Hulton Locations: England, Wiltshire, Mere , Wiltshire, Shaftesbury, Whitsuntide, ”, Berkshire

☆ Climate protesters interrupt speech by Fed Chair Powell — for the second time in a month
▼ + stars: | 2023-11-09 | by ( Manav Tanneeru | Bryan Mena | ) edition.cnn.com time to read: +4 min

Washington, DC CNN —Federal Reserve Chair Jerome Powell is leaving the door open for additional interest rate hikes to defeat inflation, he said Thursday in prepared remarks. However, investors are bullish about another pause in rate hikes next month, according to fed funds rate futures. As Powell began to deliver his speech, he was interrupted by climate protesters who made their way onto the stage. That could potentially be a headache for the Fed, since strong demand could be maintaining some upward pressure on prices. Richmond Fed President Thomas Barkin hinted that the Fed could forgo additional action because the economy perhaps hasn’t felt the full impact of the Fed’s previous 11 rate hikes just yet.

Persons: Jerome Powell, “, ” Powell, Powell, Stocks, Dow, Kathleen O’Neill Paese, Thomas Barkin, hasn’t, ” Barkin, — CNN’s Krystal Hur Organizations: DC CNN — Federal, International Monetary Fund, Economic, of New, Nasdaq, Treasury, Interim Kansas, Richmond Fed Locations: Washington, Washington ,, of New York, Jeffersonville , Indiana, New Orleans

☆ Undercover founder Jun Takahashi apologizes to PETA for using live butterflies in ‘terrarium’ dresses
▼ + stars: | 2023-11-08 | by ( Manav Tanneeru | Christy Choi | ) edition.cnn.com time to read: +3 min

CNN —Following criticism from animal rights group PETA for using live butterflies in dresses, the founder of Japanese brand Undercover has apologized and promised to never feature living animals in his designs. “I regret that I trapped butterflies that could fly freely in the sky,” said Jun Takahashi in a letter to PETA, which he shared with CNN on Tuesday. Undercover’s “terrarium” dresses, which contained flowers and live butterflies, were a moment of ethereal beauty during the label’s Spring-Summer 2024 show at Paris Fashion Week in September, but the gowns sparked concern among animal rights activists over the insects’ welfare. The otherworldly "terrarium" dresses, filled with flowers and butterflies, were part of the finale at Undercover's runway show in September. The animal rights organization also has campaigns targeting what it calls “systemic cruelty” in the leather, mohair, wool, cashmere, down and fur trades.

Persons: ”, Jun Takahashi, Undercover’s, Takahashi, “, Victor VIRGILE, didn’t, Barneys Organizations: CNN, PETA, Paris Fashion, American Butterfly Association Locations: ”, York

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