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☆ Why India's $12 Million Cricket Bat Industry Is Fueled by UK Trees
▼ + stars: | 2024-06-04 | by ( Chris Snyder | Clancy Morgan | ) www.businessinsider.com time to read: 1 min

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☆ Three Trump allies charged in Wisconsin fake elector scheme
▼ + stars: | 2024-06-04 | by ( Hannah Rabinowitz | Zachary Cohen | ) edition.cnn.com time to read: +5 min

Wisconsin is the latest state to bring charges against people connected to the former president involved in the broad effort to overturn the presidential election results. “We hereby reaffirm that Joseph R. Biden, Jr. won the 2020 presidential election and that we were not the duly elected presidential electors for the State of Wisconsin for the 2020 presidential election,” a portion of their statement said. “We oppose any attempt to undermine the public’s faith in the ultimate results of the 2020 presidential election.”Chesebro was previously charged, and pleaded guilty, in the Georgia probe. This undercut his testimony to state prosecutors in which he said the fake electors were contingent on winning the litigation. Chesebro discussed the episode with Wisconsin investigators when he sat for an interview as part of the attorney general’s probe into the fake electors plot.

Persons: Donald Trump, Kenneth Chesebro, Jim Troupis, Michael Roman, Tony Evers, ”, Chesebro, CNN’s KFile, Joe Biden’s, Trump, “, Joseph R, Biden, Jr, ” Chesebro, Jack, Trump . Roman, Troupis, Mike Pence, CNN’s Marshall Cohen, Katelyn Polantz, Alison Main Organizations: CNN, Trump, Troupis, Democratic Wisconsin Gov, ” CNN, State, Trump ., White, Wisconsin, Wisconsin GOP Locations: Wisconsin, Michigan , Arizona , Nevada, Georgia, ”, Arizona, Michigan, Washington, DC, Milwaukee

☆ Bill Ackman is probably about to get a lot richer. And much louder
▼ + stars: | 2024-06-04 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

The funding announced Monday puts a $10 billion price tag on Pershing Square, which manages about $16 billion worth of assets. The benefit of going public is you get to make money, obviously, so it’s not hard to see why Pershing Square would want to do it. For Ackman, in particular, being at the helm of a publicly traded company could be a particularly jarring shift. Pershing Square officially hung up its activist megaphone in 2022, opting to work with a small group of companies behind the scenes. Many of those followers are the kinds of retail investors Ackman could hope to attract to a publicly traded fund.

Persons: CNN Business ’, Bill Ackman, who’s, Ackman, ”, Lawrence J ., White, “, I’ve, ” White, he’s, I’m, he’ll, —, Elon Musk, Pershing, Musk, ” NYU’s White, Tesla Organizations: CNN Business, New York CNN, Pershing, Securities, Exchange, NYU Stern School of Business, Herbalife, Twitter, Hamas, MIT, Trump, SEC, Bloomberg Locations: New York, Pershing, Israel

☆ Elon Musk ordered Nvidia to ship thousands of AI chips reserved for Tesla to X and xAI
▼ + stars: | 2024-06-04 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +12 min

Correspondence from Nvidia staffers also indicates that Musk diverted a sizable shipment of AI processors that had been reserved for Tesla to his social media company X, formerly known as Twitter. "Elon prioritizing X H100 GPU cluster deployment at X versus Tesla by redirecting 12k of shipped H100 GPUs originally slated for Tesla to X instead," an Nvidia memo from December said. In a post on X in November, Musk wrote, "X Corp investors will own 25% of xAI." At Tesla, Musk has promised to build a $500 million "Dojo" supercomputer in Buffalo, New York, and a "super dense, water-cooled supercomputer cluster" at the company's factory in Austin, Texas. WATCH: Musk ordered Nvidia to ship thousands of AI chips to X

Persons: Elon Musk, David Swanson, Reuters Elon Musk, he's, Tesla's, Musk, Tesla, Elon, Critics, OpenAI's ChatGPT, Axios Harris, Jensen Huang, Huang, David Paul Morris, xAI's Grok, xAI, he'd, He's, Leo Koguan, Gerber Kawasaki's Ross Gerber, Joel Fleming, Fleming, hasn't, Ethan Knight Organizations: SpaceX, Tesla, Reuters, Nvidia, Tesla's Texas, CNBC, X Corp, EV, Google, Meta, Microsoft, Blackwell, Nvidia Corp, Technology, Bloomberg, Getty, Twitter, Equity Litigation Locations: Beverly Hills , California, Tesla's, U.S, San Jose , California, Buffalo , New York, Austin , Texas, North Dakota, Delaware, Tesla, xAI, SolarCity, Texas, New York

☆ As China’s Internet Disappears, ‘We Lose Parts of Our Collective Memory’
▼ + stars: | 2024-06-04 | by ( Li Yuan | ) www.nytimes.com time to read: 1 min

Chinese people know their country’s internet is different. They use euphemisms online to communicate the things they are not supposed to mention. Now they are discovering that, beneath a facade bustling with short videos, livestreaming and e-commerce, their internet — and collective online memory — is disappearing in chunks. “The Chinese internet is collapsing at an accelerating pace,” the headline said. Predictably, the post itself was soon censored.

Organizations: YouTube, Facebook Locations: WeChat

☆ Musk accused of improperly selling $7.5 billion in Tesla stock before weak sales report that crashed its price
▼ + stars: | 2024-06-04 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

Musk likely knew the weaker sales report was coming at the time of the sale, the suit charges. Tesla stock sales funded Twitter purchaseBefore Musk started his efforts to buy social media platform Twitter, now known as X, the billionaire executive rarely sold Tesla shares. But from April through December in 2022, Musk sold $22.9 billion worth of Tesla stock in unscheduled sales to help fund his $44 billion purchase of Twitter that year. His sales in November and December of 2022, along with the price cuts in China, helped to push down the price of Tesla shares even before the January sales report. Tesla shares soon rebounded, though, and more than doubled during the course of 2023 to close at $248.48.

Persons: New York CNN — Elon Musk, “, Tesla, “ Musk, ”, Michael Perry, Perry, Musk, “ I’m Organizations: New, New York CNN, Twitter, SpaceX, Securities and Exchange Commission, Bloomberg, Tesla Locations: New York, Tesla, China, Delaware Chancery, Delaware

☆ Novak Djokovic withdraws from the French Open with a knee injury
▼ + stars: | 2024-06-04 | by ( George Ramsay | ) edition.cnn.com time to read: +3 min

CNN —Novak Djokovic has withdrawn from the French Open due to a knee injury which had plagued his fourth-round victory against Francisco Cerúndolo on Monday. Defending champion Djokovic was aiming to win his 25th grand slam singles title at Roland Garros, but pain in his right knee flared up during a bruising, five-set contest against Cerúndolo. Antonio Borga/Eurasia Sport Images/Getty ImagesAfter dominating the first set, Djokovic tweaked his knee at the start of the second and took a medical timeout. It was only near the end of the fourth set when Djokovic was able to seemingly move without pain and raise his game. “I slipped way too many times,” Djokovic told reporters.

Persons: CNN — Novak Djokovic, Francisco Cerúndolo, Djokovic, Roland Garros, “, ” Djokovic, Instagram, Cerúndolo, Lorenzo Musetti, Antonio Borga, I’ve, That’s, Norwegian Casper Ruud, Italy’s, Bulgarian Grigor Dimitrov Organizations: CNN, Cerúndolo, “, ” CNN, French, Bulgarian Locations: Serbian, Eurasia, Paris, Norwegian

☆ Jill Biden has attended each day of Hunter Biden's trial so far. Melania Trump missed every day of Donald Trump's.
▼ + stars: | 2024-06-04 | by ( Laura Italiano | Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

First Lady Jill Biden walks into federal court in Wilmington, Delaware, on the first day of Hunter Biden's gun trial. "Happy Birthday," Hunter Biden was overheard telling the first lady at one point, according to The Washington Post. Hunter Biden and wife Melissa Cohen Biden enter federal court in Wilmington, Delaware for opening statements in his gun trial. Both the Biden trial and Trump hush-money trial featured testimony that close family members could find difficult to sit through. NEW POTUS statement as son Hunter Biden’s trial gets underway.

Persons: —, Jill Biden, Hunter, Biden, Melania Trump, Donald Trump's, Lady Jill Biden, Matt Slocum Jill Biden, Hunter Biden, Caleb Boggs, Melissa Cohen Biden, Matt Slocum, Abbe Lowell, Hallie Biden, Lowell, Judge Maryellen Noreika, Donald Trump, Eric, Donald Trump , Jr, Tiffany Trump, Republican Trump, Trump, Stormy Daniels, Playboy Bunny Karen McDougal, Hunter Biden’s, GS50fddvt8 — Kellie Meyer, Jill Organizations: Service, Business, The Washington Post, Trump, Republican, White Locations: Delaware, Manhattan, Wilmington , Delaware, Wilmington

☆ Keith Gill scored a one-day gain of $79 million after disclosing his GameStop stake on Reddit
▼ + stars: | 2024-06-04 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Keith Gill scored a $79 million one-day gain on his GameStop bet on Monday. The massive gains were initially sparked by Gill disclosing his bet on GameStop worth more than $100 million. Monday's trading action in GameStop minted Gill a $33.6 million one-day profit on his stock position, and a $54.3 million gain on his call option stake, bringing his one-day gain to a whopping $79 million. Including total cash of $29.3 million, Gill has a total account value of $289.3 million, and he is also now the fifth largest shareholder in GameStop. The Reddit post came a couple weeks after Gill's "Roaring Kitty" Twitter account posted a deluge of memes and sparked another rally in the meme-stock.

Persons: Keith Gill, Gill, —, That's, Gill isn't Organizations: GameStop, Service, Trade Locations: YOLO, Reddit

☆ 'Bridgerton' actor Jessica Madsen would 'love' to see Eloise and Cressida have a friends-to-lovers story
▼ + stars: | 2024-06-04 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +4 min

Read preview"Bridgerton" actor Jessica Madsen and fans of the show want one thing: for Cressida Cowper and Eloise Bridgerton to fall in love with each other. AdvertisementSpeaking to Business Insider ahead of the "Bridgerton" season three, part one premiere, Madsen said she would love to see Cressida and Eloise have a friends-to-lovers storyline. Calls for Cressida and Eloise to become a couple grew after fans became aware that Madsen is in love with a woman. Benedict (Luke Thompson) (right) and Eloise Bridgerton (Claudia Jessie) in "Bridgerton" season three. Advertisement"I've always loved that there's this coding that people have with Eloise," Jessie said.

Persons: —, Jessica Madsen, Cressida Cowper, Eloise Bridgerton, Cressida, Madsen, Eloise, Claudia Jessie, Liam Daniel, " Madsen, I'd, haDUA9W72u, brian ✒️ ✨, eloise don’t, Ha7zSiXPkW, kenna 🤠 Organizations: Service, Netflix, Business, Pride

☆ Jeffrey Katzenberg on WndrCo's $460M funding, opportunities in cybersecurity and state of media
▼ + stars: | 2024-06-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJeffrey Katzenberg on WndrCo's $460M funding, opportunities in cybersecurity and state of mediaJeffrey Katzenberg, WndrCo founding partner and DreamWorks co-founder, and Sujay Jaswa, WndrCo founding partner and former Dropbox CFO, join 'Squawk Box' to discuss the $460 million raised for his investment firm WndrCo, opportunities in cybersecurity, Katzenberg's thoughts on the media landscape, Skydance-Paramount merger, and more.

Persons: Jeffrey Katzenberg, Sujay Organizations: DreamWorks, Paramount Locations: cybersecurity

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy spaving is bad for your wallet"Spaving," or spending more to save more, is a pitfall that could have lasting consequences on American consumers. Though inflation is cooling as of May 2024, prices remain high. Americans also have less in savings than a decade ago. As retailers entice shoppers with promotions and deals, consumers should be cautious about shopping on impulse if its an item they don't need.

☆ China's economic picture is 'better than you think': Ben Harburg
▼ + stars: | 2024-06-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's economic picture is 'better than you think': Ben HarburgBen Harburg of Core Values Alpha says deflation is so entrenched in China that "numbers don't show the amount of consumption that is truly going on."

Persons: Ben Harburg Ben Harburg Organizations: Alpha Locations: China

☆ Riyadh Air operating at 'absolute breakneck speed,' CEO says
▼ + stars: | 2024-06-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRiyadh Air operating at 'absolute breakneck speed,' CEO saysTony Douglas, CEO of Riyadh Air, discusses the airline's outlook for 2024.

Persons: Tony Douglas Organizations: Riyadh Air Locations: Riyadh

☆ ISM manufacturing index lower than expected in May
▼ + stars: | 2024-06-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailISM manufacturing index lower than expected in MayCNBC's Rick Santelli reports on the latest economic data to cross the tape.

Persons: Rick Santelli

☆ Final Trades: 2-Year Treasury, Trade Desk, American Express and the XBI
▼ + stars: | 2024-06-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: 2-Year Treasury, Trade Desk, American Express and the XBIThe Investment Committee gives you their top names to watch for the second half.

Organizations: Treasury, Trade, American Express, Investment

☆ Calls of the Day: Costco, Edwards Lifesciences, Citigroup, American Express & Fedex
▼ + stars: | 2024-06-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCalls of the Day: Costco, Edwards Lifesciences, Citigroup, American Express & FedexThe Investment Committee give you their take on the latest Calls of the Day.

Persons: Edwards Lifesciences Organizations: Costco, Citigroup, American Express, Fedex The Investment

☆ Trade Tracker: Brian Belski's latest trades
▼ + stars: | 2024-06-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrade Tracker: Brian Belski's latest tradesBrian Belski, chief investment strategist at BMO Capital Markets, joins 'Halftime Report' to detail his latest portfolio moves.

Persons: Brian Belski's, Brian Belski Organizations: BMO Capital Markets

☆ Skydance to announce takeover of Paramount
▼ + stars: | 2024-06-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSkydance to announce takeover of ParamountDavid Faber joins CNBC's 'The Exchange' with details about Paramount's deal with Skydance Media.

Persons: Skydance, Paramount David Faber, CNBC's Organizations: Paramount, Skydance Media

☆ The Pre-Market Rundown: June 3, 2024
▼ + stars: | 2024-06-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNews Update – Pre-MarketsCNBC brings you fast, accurate, and actionable business news and market updates.

Organizations: CNBC

☆ Mayfield: Bearish sentiment is good for bull markets
▼ + stars: | 2024-06-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMayfield: Bearish sentiment is good for bull marketsRoss Mayfield, Investment Strategy Analyst at Baird, discusses the markets and economy.

Persons: Ross, Baird Organizations: Investment Locations: Ross Mayfield

☆ Kunst: Nvidia's problem is their competitors are catching up fast
▼ + stars: | 2024-06-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKunst: Nvidia's problem is their competitors are catching up fastSarah Kunst, Managing Director at Cleo Capital, discusses new AI chips from Nvidia and AMD.

Persons: Sarah Kunst, Capital Organizations: Kunst, Nvidia, AMD

☆ Trade Tracker: The Committee detail some of their latest moves
▼ + stars: | 2024-06-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrade Tracker: The Committee detail some of their latest movesThe Investment Committee making some major portfolio moves. Here's what you need to know.

☆ Cramer’s Stop Trading: AstraZeneca
▼ + stars: | 2024-06-03 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCramer’s Stop Trading: AstraZenecaCNBC’s Jim Cramer explains why he is keeping an eye on shares of AstraZeneca.

Persons: Jim Cramer Organizations: AstraZeneca

☆ Opening Bell: June 3, 2024
▼ + stars: | 2024-06-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOpening Bell: June 3, 2024Watch the opening bell for the New York Stock Exchange and the Nasdaq from June 3, 2024

Organizations: New York Stock Exchange, Nasdaq

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