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☆ Meta names four men to a new tech advisory council, months after disbanding its Responsible AI division
▼ + stars: | 2024-05-23 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +1 min

Meta formed a product advisory council six months after disbanding its Responsible AI division. Four white male tech execs sit on the new council, called Meta Advisory Group. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementMeta announced the formation of a product advisory council on Wednesday, six months after it disbanded its Responsible AI division. The Meta Advisory Group consists of four executives: payment platform Stripe CEO Patrick Collison, former GitHub CEO Nat Friedman, Shopify CEO Tobi Lütke, and former Microsoft executive Charlie Songhurst.

Persons: Meta, —, Patrick Collison, Nat Friedman, Shopify, Tobi Lütke, Charlie Songhurst Organizations: Meta, Service, Microsoft, Business

☆ Trains Suspended Between New York and Philadelphia After Power Outage
▼ + stars: | 2024-05-22 | by ( Christopher Maag | More About Christopher Maag | ) www.nytimes.com time to read: +1 min

All trains between New York and Philadelphia were suspended on Wednesday evening because of fallen electrical wires that power the trains at Pennsylvania Station, according to Amtrak. The power outage stopped Amtrak and New Jersey Transit trains, an Amtrak spokesman, Jason Abrams, said in an email. The power outage started at 5:05 p.m., Mr. Abrams said, adding that crews were working to restore power. Riders on New Jersey Transit will have their tickets and passes honored on PATH trains, which are running between Manhattan and New Jersey, according to a spokesman for New Jersey Transit. To avoid Penn Station, travelers also may take a ferry to Hoboken, where six New Jersey Transit lines offer service.

Persons: Jason Abrams, Abrams Organizations: Pennsylvania, Amtrak, New Jersey Transit, Penn, Metropolitan Transportation Authority, Riders, PATH, Jersey Transit Locations: New York, Philadelphia, New Jersey, Long, New, Manhattan, Hoboken, Jersey

☆ A celebrity esthetician started an anti-aging skincare routine when she was in her 40s. Here's how she 'saved' her skin.
▼ + stars: | 2024-05-22 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +4 min

Read previewCynthia Franco is no stranger to anti-aging skincare concerns. Taking sun protection seriouslyPrior to learning more about anti-aging, Franco said she didn't think too much about sun protection. A quality vitamin C serum goes a long wayFranco said the third step in the "line of defense" against premature signs of aging is a vitamin C product. Invest in extras like retinol and peptidesFranco said the first three steps are "non-negotiable" staples of any good anti-aging skincare routine. She also called peptides the "crème de la crème" of anti-aging skincare products, especially if you start using them after your 30s.

Persons: —, Cynthia Franco, Barry Keoghan, Queen Latifah, Franco, I, Retinol Organizations: Service, Business

☆ Brad Paisley and Howard Gospel Choir to be the entertainment for state dinner as Bidens highlight US-Kenya ties
▼ + stars: | 2024-05-22 | by ( Betsy Klein | Samantha Waldenberg | ) edition.cnn.com time to read: +11 min

US President Gerald Ford dances with Britain's Queen Elizabeth II during a state dinner in Washington, DC, in 1976. Jason Reed/Reuters The White House's State Dining Room is seen ahead of a state dinner honoring French President Emmanuel Macron in 2018. Paisley first performed at the White House in 2009 during the Obama administration as part of a music series. “Tomorrow night we’ve created an experience that will feature the beautiful scenes of the White House and the Washington Monument that few get to enjoy,” White House social secretary Carlos Elizondo said. Event planner Bryan Rafanelli also helped the White House plan for the state dinner.

Persons: Brad Paisley, Joe Biden, Jill Biden, William Ruto, Rachel Ruto, “, Howard, “ Brad Paisley, Dr . Biden, Ruto’s, Biden, Ruto, ” Biden, George W, Bush, Gerald Ford, Queen Elizabeth II, Ricardo Thomas, Gerald R, Franklin D, Roosevelt, Enrique Penaranda, Penaranda, Matthew Costello, George R, Nikita Khrushchev, He's, Nina, Dwight D, Eisenhower, Mamie Eisenhower, Costello, John F, Kennedy, Habib Bourguiba, Jackie, Moufida, Bill Allen, Lyndon B, Johnson, Errol W, Barrow, Carolyn, Richard Nixon, Leonid Brezhnev, Charles Tasnadi, Betty Ford, Jordan's King Hussein, David Hume Kennerly, Betty Sherrill, Britain's Queen Elizabeth II, Jimmy Carter, Deng Xiaoping, Cho Lin, Carter, Nancy Reagan, Indira Gandhi, Mikhail Gorbachev, Joe DiMaggio, Ronald Reagan, Reagan, Boris Yeltsin, Naina, George H.W, George H.W . Bush, Barbara, Dirck Halstead, Singer Whitney Houston, Nelson Mandela, Ron Sachs, Bill Clinton, Hillary Clinton, Mandela, Zindzi, Wally McNamee, Corbis, Bill Frist, Lynne Cheney, Dick Cheney, Gloria Macapagal Arroyo, Pablo Martinez Monsivais, Laura Bush, Prince Philip, Itzhak Perlman, Saul Loeb, Barack Obama, Michelle Obama, Manmohan Singh, Gursharan Kaur, Pete Souza, White, Obama, Singh, Jason Reed, Emmanuel Macron, Donald Trump, Melania Trump, Macron, Brigitte, Jabin, Scott Morrison, Joshua Roberts, Paisley, ‘ Wake, Martin Luther, ’ ”, ” Jill Biden, we’ve, Carlos Elizondo, Cris Comerford, Bryan Rafanelli, April’s, Fumio Kishida, Yuko Kishida, CNN’s Sam Fossum Organizations: Washington CNN —, Howard Gospel Choir, White, CNN, Kenyan, Ford Presidential Library, United, White House, Historical Association, Washington Post, Getty, Barbados, AP, Indian, New York Times, Singer, South, Trump, Australian, Paisley, Japanese Locations: Kenya, United States, ”, Ghana, Africa, Russia, Namibia, Washington , DC, Bolivian, Soviet, George H.W ., toasts, Nashville, Washington

☆ Miner Anglo American rejects third takeover offer from rival BHP Group as talks deadline extended
▼ + stars: | 2024-05-22 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

(Photo by William WEST / AFP) (Photo by WILLIAM WEST/AFP via Getty Images)LONDON — Anglo American rejected a third takeover proposal from rival BHP Group on Wednesday, as the companies agreed to extend talks deadline by one week. The British miner confirmed the third proposal from BHP offered about £29.34 per Anglo American share, based on undisturbed share prices as of market close on April 23. Shares of Anglo American were up 0.35% shortly after the announcement, while BHP shares fell over 3.4%. The combined companies would form a behemoth in copper mining and the world's largest player in the space, supplying 10% of global output, according to a Reuters analysis. Anglo rejected both previous offers, however, saying that they "significantly undervalue the company and its future prospects."

Persons: Stuart Chambers, Chambers, Duncan Wanblad Organizations: BHP, William WEST, WILLIAM WEST, Getty, BHP Group, London Stock Exchange, Limited, Iron Ore Limited, Rio Tinto Locations: Melbourne, Australian, AFP, American, London, Australia

☆ Superyacht captain’s side hustle brings in $10,300 a month, takes 5 hours a week: This could 'be my retirement job'
▼ + stars: | 2024-05-22 | by ( Megan Sauer | ) www.cnbc.com time to read: +5 min

In 2019, Gordon started cataloguing her adventures on Instagram. That revenue includes money from sponsorships, public speaking gigs, ads and affiliate marketing on her social media, and merchandise sales, she says. I'm hoping this will be my retirement job ... traveling around the world, showing up at events, inspiring people and continuing with my social media. She posts to social media once each day, filming when she's not actively working. Courtesy of Kelly Gordon

Persons: Kelly Gordon, Gordon, Instagram, Captain Kelly J, scoffed, I'm, Gordon's, They're, I've, she's Organizations: CNBC, Carteret Community College, Instagram, Facebook Locations: North Carolina, Palm Beach , Florida, Indiana, Mississippi, France

☆ Nvidia’s incredibly pricey shares are about to get much cheaper
▼ + stars: | 2024-05-22 | by ( Samantha Delouya | Clare Duffy | ) edition.cnn.com time to read: +3 min

CNN —Nvidia announced a 10-for-1 stock split on Wednesday, making buying shares in the red-hot semiconductor company more accessible for individual investors. Five years ago, an investor could have purchased Nvidia stock for less than $50 a share. Nvidia’s (NVDA) announcement, which came in its quarterly earnings report, means that each common share will be split into 10 smaller shares, effectively cutting the price of investing in the company. Nvidia shares rose as much as 4% in after-hours trading following the report. Still, some investors had raised questions ahead of Wednesday’s report about just how long Nvidia could keep the rally going.

Persons: Nvidia’s, ”, Thomas Monteiro Organizations: CNN, Nvidia, Microsoft Locations: China

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

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

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

☆ Many drivers for Uber, Lyft, and DoorDash are earning well below minimum wage, even with tips, a new paper finds
▼ + stars: | 2024-05-21 | by ( Noah Sheidlower | Jacob Zinkula | ) www.businessinsider.com time to read: +9 min

Advertisement"Pay for gig drivers rarely exceeds the employee-equivalent local minimum wage," the authors wrote. While two-thirds of DoorDash drivers and just under half of Uber Eats drivers had their incomes adjusted, just 5% of Uber drivers did. The average Lyft, Uber Eats, and DoorDash driver had hourly earnings of $24, $18, and $14, respectively. Over the past year, several gig drivers have told BI that their gigs are less profitable than they used to be. For example, Uber and Lyft drivers have said the ride-hailing giants are taking a larger cut of rider fares.

Persons: —, Lyft, Uber, aren't, Gridwise Organizations: Service, Seattle metros, UC Berkeley Labor Center, Center for Wage, Dynamics, Business, metros —, UC Berkeley, Big Lake Data, Bank of America, Bank of America Institute Locations: Boston, Chicago, Los Angeles, San Francisco Bay, California, San Francisco, Seattle, New York City, Minnesota, Twin Cities, Massachusetts

☆ Fed is in 'wait and see' mode on rate policy timeline, says Bleakley's Peter Boockvar
▼ + stars: | 2024-05-21 | 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 EmailFed is in 'wait and see' mode on rate policy timeline, says Bleakley's Peter BoockvarPeter Boockvar, chief investment officer at Bleakley Financial Group, joins CNBC's 'The Exchange' to discuss the Fed's rate policy stance, signals from the metal rally, and more.

Persons: Bleakley's Peter Boockvar Peter Boockvar Organizations: Bleakley Financial

☆ China ramps up de-dollarization efforts by dumping a record amount of US bonds
▼ + stars: | 2024-05-21 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

China sold a record $53.3 billion worth of Treasurys and agency bonds in the first-quarter, Bloomberg reported. AdvertisementChina unloaded a record volume of US bonds in the first quarter, escalating the country's pivot from dollar-denominated assets. AdvertisementBy last year, China was already discarding US debt to prop up its yuan, given considerable declines against the dollar. Now, the metal makes up a 4.9% of Chinese reserves, the highest since at least 2015, Bloomberg said. China is also de-dollarizing its reserves as part of a broader movement to diversify global finance, and chip at dollar dominance.

Persons: —, Biden, Donald Trump Organizations: Bloomberg, Service, US Treasury, greenback, Biden Administration, West Locations: China, Beijing, Russia

☆ Some central banks have sold gold at record prices, cashing in on the global boom
▼ + stars: | 2024-05-21 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Read previewCentral banks around the world have been snapping up gold, sending prices of the metal to record highs. The country's gold stash accounted for nearly three-quarters of its reserves as of March this year, according to WGC data. In 2022, Uzbekistan produced 110.8 tons of gold, making it the 10th top gold producer in the world, per WGC. Uzbekistan gold mining in March 2024. The country legalized private gold digging in 2019, and any gold found must be traded via its central bank.

Persons: —, it's, VYACHESLAV OSELEDKO, Shavkat Mirziyoyev Organizations: Service, Business, World Gold, Central Bank of, Uzbek, AFP Locations: China, Saudi, Central Bank of Uzbekistan, Thailand, Kazakhstan, Uzbekistan, Kazakh

☆ Instagram Is Giving People Meaningless Little Badges for Posting
▼ + stars: | 2024-05-20 | by ( Emily Stewart | ) www.businessinsider.com time to read: +9 min

But an Instagram posting streak is different from, say, exercising every week for a year or doing a language lesson daily, both of which have intrinsic value. You feel good about trying to get in shape or practicing Spanish no matter who sees; that's not the case for Instagram posting. "But to post on Instagram, I'm not like, 'Wow, I'm a great poster.'" Ultimately, the Instagram badges aren't the end of the world. AdvertisementThe Instagram badges aren't widely available for all users yet, and a spokesperson for Meta said they had nothing to share on whether they eventually would be.

Persons: I've, Instagram, Wordle, Meta, Instagram's, Scott Kessler, it's, Ali Grant, Grant, that's, Barasch, I'm, they'd, she'd, —, Emily Stewart Organizations: YouTube, Third, Meta, Facebook, Digital, University of Colorado Boulder's Leeds School of Business, Business

☆ Gold prices are at yet another record high. That means rate cuts are coming soon
▼ + stars: | 2024-05-20 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Gold reached a new record of $2,454.20 per ounce on Monday as markets price in Fed rate cuts. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementGold set another record high on Monday as Wall Street readies for monetary policy to ease this year. Given that gold is a safe haven asset, rising international face-offs have prompted more investors to buy the bullion. Meanwhile, US sanctions on Russian reserves sparked central banks to snap up the metal at record pace.

Persons: Gold, —, Grzegorz Drozdz, David Miarrions Organizations: Service, P, Trade

☆ My kids' middle names are places my husband and I have loved. I didn't want to name them after people.
▼ + stars: | 2024-05-20 | by ( Katrina Donham | ) www.businessinsider.com time to read: +5 min

I gave birth to my first child — a daughter — in New York City in April of 2020, just after the start of the pandemic. Related stories"Roan" was the perfect choice for my first child — Roan Mountain held such a special place in my heart, and I knew that one day, it would hold a special place in her heart, too. AdvertisementHowever, despite our decision being the right one for our family, my husband and I started to find ourselves grieving our pre-kid, city life. Without a doubt, the Hudson River Valley quickly became one of our homes-away-from-home — another special place in our book of life. It was perfect, and when we were surprised with a second daughter, it fit her well.

Persons: —, I'd, Roan, We'd Organizations: Appalachian, Metro Locations: New York City, United States, Tennessee, — Roan, Asheville , North Carolina, Queens, Hudson

☆ Here are Monday's biggest analyst calls: Nvidia, Amazon, Apple, Tesla, Dell, Micron & more
▼ + stars: | 2024-05-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Monday's biggest calls on Wall Street: Melius reiterates Apple as buy Melius said it sees several positive catalysts ahead for Apple. Bernstein reiterates Dell as outperform Bernstein raised its price target on the stock to $155 per share from $120. Goldman Sachs reiterates Amazon as buy Goldman said it's standing by its top pick status on shares of Amazon. " Barclays reiterates Nvidia as overweight Barclays raised its price target on Nvidia to $1,100 from $850. Morgan Stanley upgrades Micron to equal weight from underweight Morgan Stanley raised its price target on Micron to $130 per share from $98.

Persons: Melius, Bernstein, Dell, Stifel, Baird, Goldman Sachs, Goldman, –, Huntington Ingalls, it's, it's bullish, Redburn, Tesla, Morgan Stanley, Salesforce, Jefferies, Evercore, TJX Organizations: Apple, Developers, Citi, RIO, Nvidia, Barclays, Robotics, Group, Marex Group, Micron, Hasbro, U.S . Steel, UBS, Universal Health Services, JPMorgan, TJX Companies, SSS, Seaport, FedEx, US Locations: Tinto, America, Cleveland, China

☆ I upgraded to first class on Amtrak. Here are 12 things that surprised me about the trip.
▼ + stars: | 2024-05-20 | by ( Joey Hadden | ) www.businessinsider.com time to read: +1 min

I took a first-class train trip on an Amtrak Acela for the first time in 2022. Some things surprised me about the cabin, like the abundance of drink options yet limited food. AdvertisementIn 2022, I booked a first-class ticket on an Amtrak Acela train traveling from New York City to Baltimore. It was my first time in first class on an Amtrak train. From booking my ticket to taking the journey, several things surprised me about the two-and-a-half-hour trip, and I ultimately thought the perks weren't worth the higher price tag.

Persons: — Organizations: Amtrak Acela, Service, Amtrak, Metropolitan, Penn Locations: New York City, Baltimore

☆ Here's the moment Nvidia became the AI king and what it must do this week to keep the throne
▼ + stars: | 2024-05-19 | by ( Jim Cramer | ) www.cnbc.com time to read: +11 min

No one is laughing about Jayshree's company, either, as her white box solutions are beating Cisco Systems when it comes to the internet plumbing that connect Nvidia chips to the Titans. Last year at this time, Nvidia snuck into the U.S. trillion-dollar market cap club, with that May quarter. What does Nvidia really have to do then for an encore? Now we are getting into what Jensen does to beat expectations. Tall order, but Nvidia is a company that's beaten tall orders routinely we just didn't really know it until last May.

Persons: Jensen Huang, Jensen, Claude, let's, Blackwell, Andy Grove, Intel's, doesn't, — Jensen, Collette Kress, Mills, Eli Lilly, Jim Cramer's, Jim Cramer, Jim, Josh Edelson Organizations: Nvidia, Titans, Arista Networks, Microsoft, Meta, Cisco Systems, Google, Apple, Devices, Intel, Merck, Keytruda, Vision, AMD, Grove, Union Pacific, Club, GE, Jim Cramer's Charitable, CNBC, SAP Center, Afp, Getty Locations: San Jose , California

☆ We asked ChatGPT to analyze Mark Zuckerberg's style. Here's what it said.
▼ + stars: | 2024-05-19 | by ( Jordan Hart | ) www.businessinsider.com time to read: +1 min

The internet has been buzzing about Mark Zuckerberg's new style choices. We showed ChatGPT some recent pictures of Zuckerberg and asked it to analyze his looks. AdvertisementMark Zuckerberg might be going viral for his new style, but ChatGPT has some fashion tips for the Meta CEO. To find out, Business Insider turned to ChatGPT for an analysis of Zuckerberg's style. This story is available exclusively to Business Insider subscribers.

Persons: Zuckerberg's, Zuckerberg, —, Mark Zuckerberg, ChatGPT, Zuck Organizations: Meta, Service, Business

☆ ‘The Simpsons’ airs its 768th episode tonight. Here’s how its writers keep things fresh
▼ + stars: | 2024-05-19 | by ( Scottie Andrew | ) edition.cnn.com time to read: +12 min

CNN —Toward the end of its 35th season, “The Simpsons” made a move that rankled some fans: It killed a longtime resident of Springfield. I would say under 10,” said Matt Selman, sardonic showrunner of “The Simpsons,” in an interview with CNN. There are around 16 writers per season, typically made up of 22 episodes, though this season has just 18 due to the 2023 writers’ and actors’ strikes. Last month, Sosthand won a Writers Guild Award for the episode, beating out three other nominees from the “Simpsons” writers room. It’s nice that their hard work has been noticed, Selman said, but critical appraisal of “The Simpsons” is always in flux.

Persons: Read, Larry, Barfly, he’s, Homer, they’re, Duff, ‘, ”, Matt Selman, Marge, Bart, Lisa, Maggie, Selman, ’ ” Selman, – – Selman, Carl Carlson, Carl Carlson Rides, Loni Steele Sosthand, who’s, Murphy, Skinner, Bumblebee Man, Cesar Mazariegos, Broti Gupta, –, John Frink, Mike Price, who’ve, ’, hasn’t, ” Sosthand, Carl, Sosthand, “ It’s, ” Selman, Moe, Rev, Lovejoy, Krusty, ” Price, “, Mazariegos, might’ve, “ We’re, Price, Kirk, Willie, janitor’s, Groundskeeper Willie reconnects, ” It’s, Bart hijinx, Ned Flanders, Maude Flanders, Edna Krabappel, it’s “ Organizations: CNN, Gracie Films, Springfield ”, Crazy, “, Bass, Scottish Locations: Springfield, Moe’s, ’, Iceland, West, Scotland

☆ Meet WiFi Money: Wealthy Finance Influencers Who Infuriated Investors
▼ + stars: | 2024-05-19 | by ( Rob Price | ) www.businessinsider.com time to read: +26 min

The Texas couple were staring down more than $100,000 in debt, much of which they had poured into WiFi Money. Those who give their money to WiFi Money are often encouraged to sign up other people in return for a cut of their profits — and perhaps, one day, a chance to become part of the WiFi Money crew. As the money poured in, WiFi Money gained a patina of mainstream credibility. AdvertisementThrough WiFi Money, Moeller and Frederick had created a virtuous cycle of money and influence. The same month investors took WiFi Money to court over the stores, DBC announced it was closing down.

Persons: Alex Moeller, influencer, Jasmine Sadry, Joey Martin, Martin, Moeller, Chris Frederick, Casa Moeller Martinez, MentorCI, Kim Kardashians, Gary Vee, Uber, Etsy, Farnaz Ghaedipour, Frederick, Jay Gatsby, Scott Fitzgerald's, Brandon Celi, There's, Billy, Chris Casey, There's Todd Cahill, Liz Friesen, Tana Mongeau, Kardashian, —, James Ragano, BI Moeller, wouldn't, Kyle McDougal, Sadry, Kyncey, McDougal, hustlers, Kevin O'Leary, Jordan Belfort, Ronaldinho, Glenn Beck, I've, he'd, Daemon, I'm, they'd, It's, Chris Costello, Francis, Ashley, Costello, Gatsby, Casey, Avery Williamson, Victor Bermudez, DBC, They're, Instagram, Rolex Submariner Organizations: WiFi, Lamborghini, McLaren, Fox News, YouTube, Invest, Stanford University, PBS, BI, Social, Yahoo Finance, Business, Times, Piccadilly Circus, Fort, DMs, Kyncey Investments, Amazon, Kyncey, Investors, CNN, Fox Business, Big Tech, Florida Tropics Soccer Club, Royce, WiFi Money, Federal Trade Commission, WifiMoney, IRS, NFL, Dallas, Rolex Locations: Instagram, Mexico, Texas, Dallas, Quito, Ecuador, @amoeller, Florida, pecs, Maryland, Europe, Illinois, Mita, Burj, Fort Worth, dropshipping, Brazilian, New York City, ensconced, Minnesota, Los Angeles, Munich

☆ 3 reasons why buying copper right now is the best trade one commodity expert has ever seen
▼ + stars: | 2024-05-19 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Copper "is the most compelling trade I have ever seen," Carlyle's Jeff Currie said on the Odd Lots podcast. He thinks the metal's massive mismatch in supply and demand could push its price up to $15,000 a ton. AdvertisementCopper supply issues are making the metal considerably more expensive, says commodities veteran Jeff Currie, who is very bullish on the opportunity. He later added: "I just quote many of our clients and other market participants say it's the highest conviction trade they've ever seen." Though not necessarily part of his acronym, artificial intelligence is also amplifying industry demand, Currie mentioned.

Persons: Carlyle's Jeff Currie, Currie, —, Jeff Currie, Carlyle, Currie —, Goldman Sachs, policy's, copper's, deglobalization Organizations: Industry, Service, Bloomberg, US, BHP Locations: China, Panama

☆ Khon in Bangkok: Inside Sala Chalermkrung Royal Theatre, passionate performers keep a masked art form alive
▼ + stars: | 2024-05-17 | by ( Karla Cripps | Kocha Olarn | ) edition.cnn.com time to read: +8 min

But one of the best places to experience an authentic Khon performance is Bangkok’s Sala Chalermkrung Royal Theatre. Among the performers tasked with playing that role at Sala Chalermkrung is 34-year-old Thanet Pakwisath, who has been practicing Khon for more than 20 years. “And I believe that other performers here at Sala Chalermkrung would have the same belief.”But like many of his colleagues, he fears for its fate. I want everyone to help – both Thai people and foreigners.”Sala Chalermkrung: A living museumBangkok’s Sala Chalermkrung Royal Theater has its own fascinating back story. But from the late 1970s, visitors to Sala Chalermkrung began to decline.

Persons: Ling ”, Khon, Sala, Apassara, khon, Karla Cripps, Hanuman, “, ”, “ Khon, Hanuman Thanet, Sala Charlermkrung, Mark Phillips, ” Sala, King Prajadhipok, Sala Chalermkrung Organizations: CNN, Bangkok CNN, Suvarnabhumi International, Heritage, Chalermkrung, Khon, Royal, Sala Chalermkrung, Sala Locations: Bangkok, Thailand, Khon, Thai, Sala, –, Sala Chalermkrung, Thanet, “, Charoenkrung, Phra Nakhon District

☆ Gold prices set for second weekly gain on Fed rate-cut optimism
▼ + stars: | 2024-05-17 | by ( ) www.cnbc.com time to read: +2 min

Gold prices appeared set for a second consecutive weekly gain on Friday, after recent U.S. inflation data fueled expectations that the Federal Reserve could cut interest rates this year. The dollar index was down 0.6% for the week so far, against its rivals, making gold less expensive for other currency holders. "The upward bias for gold prices may remain, with the recent run in U.S. economic data offering room for the Fed to consider earlier rate cuts in 2024 while geopolitical tensions rock on. Bullion is known as an inflation hedge, but higher rates increase the opportunity cost of holding non-yielding gold. "Gold prices may correct lower as markets look to re‑establish the historical relationship between gold and the U.S. dollar.

Persons: Yeap Jun Rong, haven't, Bullion Organizations: Co, Federal, Fed, U.S . Federal Reserve, U.S ., Commonwealth Bank of Australia Locations: Bangkok, Thailand

☆ ‘Blockout 2024’ Wants to Send Celebrities to the ‘Digital Guillotine’
▼ + stars: | 2024-05-17 | by ( Elizabeth Paton | ) www.nytimes.com time to read: +1 min

As protests over the war in Gaza unfolded blocks away, last week’s Met Gala was largely devoid of political statements on the red carpet. At least, it is on TikTok, the social media platform that was a sponsor of the Met event. Blockout 2024, also referred to as Operation Blockout or Celebrity Block Party, targets high-profile figures who participants feel are not using their profiles and platforms to speak out about the Israel-Hamas war and wider humanitarian crises. The criticism began on May 6. when Haley Kalil (@haleyybaylee on social media), an influencer who was a host on E! News before the event, posted a TikTok video of herself wearing a lavish 18th-century-style floral gown and headdress with audio from Sofia Coppola’s 2006 film “Marie Antoinette,” in which Kirsten Dunst proclaims, “Let them eat cake!”

Persons: Blockout, Haley Kalil, Sofia Coppola’s, Marie Antoinette, ”, Kirsten Dunst, “ Organizations: Sofia Locations: Gaza, Israel

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