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☆ India’s startups are creating more jobs, but more investments still needed to boost employment
▼ + stars: | 2024-05-23 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +1 min

India's startup ecosystem is poised for promising growth as the country works toward boosting economic growth and entrepreneurship — but more jobs are needed to combat high levels of unemployment. India's unemployment rate rose to 8.1% in April compared to 7.4% the previous month, according to the Centre for Monitoring Indian Economy. The number of startups in India jumped 37% in April compared to a year ago, leading to a 14% increase in the number of jobs from startups, latest employment trends data from Foundit showed. The report highlighted that the IT services sector had that most job opportunities, and more than 50% of new startup jobs were catered toward fresh university graduates. While India's push to be self-sufficient in manufacturing and IT is giving young people more career routes and choices, more needs to be done to combat India's high youth unemployment, Garisa said.

Persons: Chandra Garisa, Garisa Organizations: Centre, Monitoring, CNBC Locations: India, Foundit

☆ Asia markets in mixed territory after Fed raises concern over 'persistent' inflation
▼ + stars: | 2024-05-23 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

An inflatable bull during a ceremony marking the first day of trading of the year at the Korea Exchange (KRX) headquarters in Seoul, South Korea, Tuesday, Jan. 2, 2024. SeongJoon Cho/Bloomberg via Getty ImagesAsia-Pacific markets were mixed after minutes from the last U.S. Federal Reserve meeting revealed that Fed officials have grown more concerned about inflation, with members indicating they lacked confidence to move forward on interest rate reductions. In Asia, investors will assess flash business activity data from Australia and Japan, as well as Singapore's final first quarter gross domestic figures. South Korea's central bank will be announcing its policy rate decision today. Analysts polled by Reuters expect the Bank of Korea to hold its benchmark lending rate at 3.5%, although a note from ING last week said the meeting will still be closely watched, "as two new members have joined the [BOK's] board since the last meeting and it will be interesting to see if this has changed the view of the board."

Persons: SeongJoon Cho Organizations: Korea Exchange, Bloomberg, Getty Images, Federal Reserve, Reuters, Bank of, ING Locations: Seoul, South Korea, Getty Images Asia, Pacific, U.S, Asia, Australia, Japan, Korea's, Bank of Korea

☆ How family offices are planning to invest now and in the next 5 years, according to UBS
▼ + stars: | 2024-05-23 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Here's how family offices are investing this year and how they plan to change their allocations in the next five years, according to UBS' Global Family Office Report 2024. Family offices plan to maintain the same allocation for 2024 – at 16%. Real estate Apart from fixed income, real estate was the other big change in how family offices invested last year, according to UBS. But family offices plan to increase the real estate part of their portfolios — to 12% in 2024, according to the report. Elsewhere, family offices are investing in Western Europe – in sectors such as luxury goods and automation, and in Asia Pacific (35%).

Persons: That's Organizations: UBS, Global, –, Globally, Koh Locations: North America, U.S, Western Europe, Asia, Greater China

☆ This global private equity stock invested in Shein, Figma, Databricks, Discord, and ByteDance could rise by 40%, analysts say
▼ + stars: | 2024-05-23 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

HarbourVest Global Private Equity , a diversified listed private equity investment company, could see its share price rise by more than 40%, according to analysts at investment banks Peel Hunt and Jefferies. Richard Hickman, the managing director of HVPE, describes it as the "most diversified, listed private equity investment company in London." "We're a global fully diversified portfolio covering buyout funds, the more established businesses from small cap through medium to large cap." NAV represents the value of an investment fund's assets per share. They estimate that share buybacks at the current discount could result in a 1.4% uplift in net asset value per share.

Persons: Peel Hunt, Jefferies, Richard Hickman, HVPE, Hickman, Alan Brierley, Ben Newell, Warren, Buffett Organizations: HarbourVest Global, Equity, Peel, London Stock Exchange, CNBC, NAV, Jefferies, Investec Locations: London

☆ Civilian killed by Russian forces while evacuating border town, Ukrainian prosecutors say
▼ + stars: | 2024-05-22 | by ( Svitlana Vlasova | Radina Gigova | ) edition.cnn.com time to read: +4 min

Another civilian was also killed during the shooting, which took place on May 15, the Kharkiv Regional Prosecutor’s Office said, as intense battles between Ukrainian and Russian forces for control of the border town continue. (Photo by Libkos/Getty Images) Libkos/Getty ImagesThe Russian military had opened fire on the evacuees from a five-story building, the husband told prosecutors. “She stayed in the wheelchair,” the man told prosecutors. The Kharkiv Regional Prosecutor’s Office is “taking measures for a comprehensive investigation” into the shooting of civilians in the border town, it said. Prosecutors say they are working with law enforcement agencies to identify Russian soldiers who have “committed atrocities” in the region.

Persons: Husband, “, ” Organizations: Russian, Kharkiv Regional Prosecutor’s Office, Libkos, CNN, Russian Defense Ministry, Kharkiv Regional Prosecutor’s, Prosecutors Locations: Vovchansk, Kharkiv, Russia, ” VOVCHANSK, UKRAINE, Ukranian, Kharkiv Oblast, Ukraine, Ukrainian, Ukraine’s

☆ Konya: Turkey’s ancient city of whirling dervishes
▼ + stars: | 2024-05-22 | by ( Robert Iddiols | ) edition.cnn.com time to read: +7 min

Konya, Turkey CNN —When most people think of Turkey bucket list destinations, a few obvious ones spring to mind - Istanbul, Turquoise Coast hotspots like Bodrum or the otherworldly landscapes of Cappadocia. As well as being a renowned Islamic scholar, Rumi launched the Mevlevi Order of the Whirling Dervishes. And while they can be seen in various locations across Turkey, Konya is the beating heart of their activities. Abdullah Çetín, a photographer based in Konya, says the city and region’s history is also what puts it on the map. Murat Oner Tas/Anadolu Agency/Getty ImagesKonya is also a jumping off point for Lake Tuz, a large hypersaline lake that lies about two hours’ drive northeast of the city.

Persons: –, it’s, Celaleddin Rumi, Rumi, Maulana, ”, Kerem Polat, Adem Altan, Polat, “, ” Polat, Abdullah Çetín, Çetín, Murat Oner Tas, Fahri Tunç, Tunç, ’, ‘, ” Tunç, he’s Organizations: CNN, Turkey CNN, Getty, ”, Mevlana Museum, Anadolu Agency Locations: Konya, Turkey, Istanbul, Turquoise, – Konya, Adem, AFP, Sultanate of Rum, Balkh, Afghanistan, Mecca, Medina, Anatolia, mycan, Sille, Gevale, Rumi, Konya “, Lake Tuz, Salt, Tuz

☆ Africa’s richest man says he needs 35 visas to travel in Africa – way more than a European visitor
▼ + stars: | 2024-05-22 | by ( Larry Madowo | ) edition.cnn.com time to read: +5 min

The 67-year-old entrepreneur’s visa woes have reignited a fresh firestorm about the frustrations of traveling within Africa for Africans. But many African countries still require visas from other Africans and the experience is fraught with discrimination, hostility and sky-high fees. He has also been detained at airports in Kenya and South Africa because of his Nigerian passport. “There’s a fear in richer African countries that people from poorer nations might be looking for a way to permanently move there,” he explains. His new St Kitts passport allows him to go to more African countries than his Nigerian passport.

Persons: Aliko Dangote, ” Dangote, ”, Patrick, Pouyanné, Tayo Aina, Aina, YouTuber, hasn’t, Marco Longari, Alan Hirsch, “, Sotunde, William Ruto, Tayo Organizations: Rwanda CNN, Forum, CNN, African, African Continental Free Trade, Getty, University of Cape, New, Institute, Travelers, East African Community, Kenyan, REUTERS, Reuters Kenyan, St Kitts Locations: Kigali, Rwanda, Nigerian, Africa, “, Benin, The Gambia, Seychelles, Addis Ababa, London, Kenya, South Africa, Caribbean, St Kitts, Nevis, AFP, University of Cape Town, Johannesburg, Southern, West Africa, Abuja, Nigeria, East

☆ Discovery Dunes: Dubai’s ultra-luxury desert community is selling plots for up $50 million
▼ + stars: | 2024-05-22 | by ( Leah Collins | ) edition.cnn.com time to read: +4 min

CNN —Luxury real estate development company Discovery Land Company (DLC) has quietly launched a multi-million-dollar, ultra-luxury residential community in Dubai, where the most expensive plot of land will cost up to $50 million. Discovery Dunes will be DLC’s debut ultra-luxury residency in the Middle East. Discovery Land CompanyCustomizable comfortPerhaps the most coveted aspect of the exclusive community is its scope for customization. “The villas here at Discovery Dunes are extremely customized,” a representative of Discovery Land Company told CNN in an interview. Discovery Dunes is the latest of DLC’s ’s planned projects in the region and across the globe, including new sites in Europe, Portugal and Central America.

Persons: Tom Fazio, ”, Mike Meldman, Olson Kundig – Organizations: CNN, Discovery Land Company, Discovery, Edition, Discovery Land, “, San Locations: Dubai, ”, Discovery, Burj, Italy, Brazil, Argentina, San Diego, UAE, Burj Khalifa, Europe, Portugal, Central America

☆ Live updates: Israel-Hamas war in Gaza, Iran President Raisi funeral, ICC arrest warrant request
▼ + stars: | 2024-05-22 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +3 min

A rescue team works following the crash of a helicopter carrying Iranian President Ebrahim Raisi, in Varzaqan, East Azerbaijan Province, Iran, on May 20. West Asia News Agency/ReutersThe chief of staff for the late Iranian President Ebrahim Raisi has revealed new details about the hours after the presidential helicopter went missing. "However, the president's helicopter, which was flying between the two others, suddenly disappeared," Esmaili added, as cited by Mher news. The pilot circled around to search for the president's helicopter, he said. "Pilots of the two other helicopters had contacted Captain Mostafavi, who was in charge of the president's helicopter," he said.

Persons: Ebrahim Raisi, Gholam Hossein Esmaili, Esmaili, Raisi's, Esmail, Hossein Amir Abdollahian, Mostafavi, Mohammad Ali Alehashem, Alehashem Organizations: West Asia News Agency, Reuters, Iran's, Mehr, Mehr News, Iranian, Pilots Locations: Varzaqan, East Azerbaijan Province, Iran, Azerbaijan, Varzeghan —, Abdollahian

The tornado had just hit Greenfield, Iowa, and residents were already using skid loaders to clear streets. With the hospital damaged, they took the wounded to a medical triage center at the local lumberyard. And across western Iowa, paramedics and police officers were speeding toward the small town to help. “Everybody became little makeshift ambulances,” said Ray Sorensen, a member of the Iowa House of Representatives who lives in Greenfield, and who said he helped with the rescues after racing back to town shortly after the storm hit on Tuesday afternoon. Kim Reynolds said some areas had been “flattened into debris,” and the National Weather Service reported “at least EF-3 damage” in the town, using the 0-to-5 rating system for tornado severity.

Persons: ”, Ray Sorensen, Kim Reynolds Organizations: Iowa, Gov, National Weather Service Locations: Greenfield , Iowa, Iowa, Greenfield, Des Moines

☆ 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

☆ A Day of Negative Headlines for Trump Points to a Cure for Voter ‘Amnesia’
▼ + stars: | 2024-05-22 | by ( Lisa Lerer | Michael Gold | ) www.nytimes.com time to read: +1 min

President Biden has been battling a new phenomenon in American politics: what Democrats and pollsters have taken to calling “Trump amnesia,” a softening of feeling about his predecessor’s tumultuous term as president. But over roughly 24 hours on Tuesday, Donald J. Trump provided what looked like at least a temporary cure. He reposted a video containing the words “unified Reich,” reviving accusations that he flirts with Nazism. He hinted at the idea of restricting contraception, and rehired as a campaign aide a political operative with a record of accusations of sexual harassment. And by midmorning, Mr. Trump’s defense rested in a criminal case that threatens to forever affix a label to him that no presidential candidate has yet survived: convicted felon.

Persons: Biden, “ Trump, Donald J, Trump, Trump’s, midmorning Organizations: pollsters

☆ A Hawaiian wedding planner shares 4 insider tips for planning a wedding on the pricey island
▼ + stars: | 2024-05-22 | by ( Aleenah Ansari | ) www.businessinsider.com time to read: +6 min

Support local vendors whenever possibleThe wedding industry is incredibly lucrative, and a huge economic boost for Hawaii. Zablan-Duvauchelle said couples can find local photographers and wedding planners, as well as buy guest favors from local businesses. Advertisement"Having a local wedding planner can help you identify local vendors," Zablan-Duvauchelle said. AdvertisementIf you want to meet some of your vendors for hair and makeup trials or catering tastings, Zablan-Duvachelle suggests booking a wedding planning trip to help guide your decision-making. It's the small things that countNo matter where you decide to have your wedding, Zablan-Duvauchelle said the details make a wedding sing.

Persons: —, Zabrina Zablan, Duvauchelle Organizations: Service, Business Locations: Hawaii, Alaska, New York City, San Francisco, O'ahu, Waikiki, Poipu, Waimea, Kauai, Zablan

☆ Tim Hetherington captures a moment of brotherhood between two soldiers
▼ + stars: | 2024-05-22 | by ( Rosa Rahimi | ) edition.cnn.com time to read: +8 min

The photograph, taken in 2008 by the late British photographer Tim Hetherington, is from a time when nearly a fifth of all combat in Afghanistan was taking place in the six-mile valley. Tim HetheringtonBoth Hetherington and Junger became “enamoured with the opportunity to show the intimacy of a platoon in combat,” Junger said in an interview via telephone. “My examination of young men and violence, or of young men… It’s as much a journey about my own identity as it is about those young soldiers,” he wrote. ‘It took a little bit from his soul’In this process, Hetherington worried about how photography could be extractive. He wrote of the young men he met there: “They are grimily happy that we are here to help them.

Persons: Tim Hetherington, ”, Sebastian Junger, Hetherington, Doc, Kelso, Junger, ” Junger, “ Restrepo ”, Bobby, “, Tim Hetherington Junger, ” Young, James Brabazon, Tim Hetherington Brabazon, Brabazon, “ Tim, …, Cortez, Greg Brockett, I’m, Stephen Mayes, Tim Hetherington Hetherington, wasn’t, ‘, ” Tim Hetherington, —, Mayes, Tim, he’d, ” Brabazon Organizations: CNN, Liberian, Gaddafi, Tim Hetherington Trust Locations: Korengal, British, Afghanistan, Kunar Province, Cortez, ”, Libyan, Tubmanberg, Liberia, Monrovia, Misrata, Libya

☆ Citi fined $78 million after a European trader's fat-finger trade caused a flash crash in stocks
▼ + stars: | 2024-05-22 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

A trading mistake at Citigroup in 2022 has led to a $78 million fine against the bank. The "fat-finger" trade caused a brief flash crash in European stocks in May 2022. The brief flash crash caused by the mistaken trade briefly wiped out $322 billion in market value. A trader in Citigroup's London unit entered one too many zeros in a trade in May 2022, sparking a short-lived flash crash in European stocks. AdvertisementThe $78 million fine from UK regulators is in addition to about $50 million Citigroup lost on the trade, bringing the total cost of the fat-finger trade to about $130 million.

Persons: — Organizations: Citigroup, Service, Bloomberg, Bank of England's Prudential Regulatory Authority Locations: Citigroup's London, Stockholm

☆ Schumer Plans Vote on Contraception Access, Teeing Up a Campaign Issue
▼ + stars: | 2024-05-22 | by ( Annie Karni | ) www.nytimes.com time to read: +1 min

Senator Chuck Schumer, Democrat of New York and the majority leader, plans next month to fast-track a Senate vote on a bill to protect access to contraception nationwide, the start of an election-year push to highlight Republicans’ record of opposing reproductive rights that voters view as at risk of being stripped away. The Right to Contraception Act is expected to be blocked in the closely divided Senate, where most Republicans are against it. But a vote on the bill is a crucial plank of Democrats’ strategy as they seek to protect their majority in the Senate, in part by forcing G.O.P. Access to contraception is a constitutional right regarded by many voters as possibly the next to go after the Supreme Court’s overturning of Roe v. Wade. Glenn Youngkin, a Republican, vetoed legislation to protect access to contraception.

Persons: Chuck Schumer, Roe, Wade, Glenn Youngkin Organizations: Gov, Republican Locations: New York, Virginia

☆ Why OpenAI should fear a Scarlett Johansson lawsuit
▼ + stars: | 2024-05-22 | by ( Brian Fung | ) edition.cnn.com time to read: +11 min

“It doesn’t matter if OpenAI used any of Scarlett Johansson’s actual voice samples,” Li posted on Threads. Here, Johansson could accuse OpenAI of illegally monetizing who she is by essentially fooling users into thinking she had voiced Sky. But there’s substantial case law — and one very inconvenient fact for OpenAI — undercutting that defense, legal experts say. According to Johansson, OpenAI approached her to perform as Sky; Johansson declined. While California’s publicity law protects all individuals, some state statutes only protect famous people, and not all states have such legislation on the books.

Persons: Will Scarlett Johansson, OpenAI, Johansson, OpenAI’s, Sam Altman, OpenAI didn’t, demoed, Tiffany Li, Scarlett Johansson’s, ” Li, monetizing, John Bergmayer, “, ”, —, Bette Midler, Midler, Tom Waits, Waits, …, James Grimmelmann, Scarlett Johansson ”, Altman, Sky’s, Johansson ”, Samantha, ‘, ” Grimmelmann, Joel Saget, ” Bergmayer, Dana Rao, Adobe’s, we’re, Jennifer Rothman, ” Rothman Organizations: Washington CNN, University of San, Public, Ford Motor Company, Appeals, Circuit, Frito, Cornell University, Getty, Adobe, FAIR, University of Pennsylvania Locations: University of San Francisco, California, Midler’s, Paris, AFP

☆ What Does It Mean to Recognize a Palestinian State?
▼ + stars: | 2024-05-22 | by ( Matthew Mpoke Bigg | ) www.nytimes.com time to read: +1 min

The decision by three European countries — Ireland, Norway and Spain — to recognize a Palestinian state fits into a long-term goal of Palestinian leaders to secure diplomatic acceptance, but it appears that the immediate practical impact will be limited. Broadly speaking, recognizing a state means declaring that it meets the conditions of statehood under international law. But the European countries appeared to be mostly concerned with expressing support for Palestinians and sending a message to Israel at a time of deepening international concern about its conduct of the war. He gave no date for this change but said it would enable Norway to enter into bilateral agreements. Recognition would also have some “domestic legal effects in Norway in areas where issues related to the state of Palestine arise,” he said.

Persons: Spain —, Espen Barth Eide, ” Organizations: Palestinian Authority, West Bank Locations: Ireland, Norway, Spain, Israel, Palestine

☆ How Baked by Melissa's founder turned a tiny New York City apartment kitchen business into a cupcake empire
▼ + stars: | 2024-05-22 | by ( Sara Lindsay | In Sara-Lindsay | ) www.cnbc.com time to read: +1 min

Count Baked by Melissa founder Melissa Ben-Ishay among the entrepreneurial success stories founded on getting out of the corporate rat race. Before starting her company, Ben-Ishay worked at an ad agency in New York City – a role she felt unfulfilled in. At the time, every cupcake came from her tiny New York City apartment kitchen. The cafe owner became a shareholder in Baked by Melissa, and the company was able to continue using the space for years. A year after it moved into the Cafe Bari space, Baked by Melissa opened its second location in Union Square.

Persons: Melissa, Melissa Ben, Ishay, Cafe, Ben Organizations: Ben, aha, CNBC Locations: New York City, Ben, Cafe Bari, Bergen County, Bari, Union Square

☆ A former model accused Diddy in a new lawsuit of sexually assaulting and drugging her in 2003. He's now facing 5 suits.
▼ + stars: | 2024-05-22 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +4 min

Read previewA former model filed a lawsuit Tuesday, accusing embattled music mogul Sean "Diddy" Combs of sexually assaulting her in 2003. Crystal McKinney, according to a lawsuit obtained by Business Insider, met Combs at a 2003 Men's Fashion Week event in Manhattan when she was 22. According to the lawsuit, McKinney was introduced to Combs by a fashion designer who believed Combs could "advance her modeling career." AdvertisementAccording to the lawsuit, McKinney was invited back to Combs' recording studio and given what she believed to be laced marijuana. One woman said in her suit filed in December that Combs "sex trafficked and gang raped" her as a 17-year-old in 2003.

Persons: —, Sean, Diddy, Combs, Crystal McKinney, McKinney, Comb's, Cassie Ventura, Ventura, Aaron Dyer, Dyer, Mr Organizations: Service, Business, New York's Southern, Court, NYC, Associated Press, CNN, Los Angeles Hotel, Department of Homeland Security Locations: Manhattan, New York's, Los, Los Angeles, Miami

☆ South Africa elections: A guide and everything you need to know
▼ + stars: | 2024-05-22 | by ( Sarah Dean | David Mckenzie | ) edition.cnn.com time to read: +6 min

Johannesburg, South Africa CNN —South Africans go to the polls on May 29 for what will likely be the most pivotal general election since the end of apartheid. This is the seventh general election South Africa has held since the end of white minority rule 30 years ago. South Africa general election 101 • South Africa uses a “proportional representation” system. This year South Africa received its lowest score on Transparency International’s Corruption Perception Index. Democratic Alliance (DA) party leader Johan Steenhuisen speaks to supporters during a party event on May 9, 2024, in Soweto, South Africa.

Persons: Nelson Mandela, Cyril Ramaphosa, Jacob Zuma, What’s, Ramaphosa –, –, “, Ramaphosa, ”, John Steenhuisen, Johan Steenhuisen, Anders Pettersson, Zuma, Julius Malema, Malema, Floyd Shivambu, Steenhuisen Organizations: South Africa CNN, National Congress, ANC, Independent Electoral, •, “, Democratic Alliance, White South, Party Charter, uMkhonto weSizwe Party, Economic, Fighters, EFF, MK, Finance, Constitutional, Social Research Foundation Locations: Johannesburg, South Africa, Africa, China, Cuba, Soweto

CNN —Spain, Norway and Ireland have announced plans to formally recognize a Palestinian state, in a move that is likely to bolster the global Palestinian cause but strain relations with Israel. Palestinian statehood has been recognized by more than 130 out of 193 member states of the United Nations, according to the Palestine Liberation Organization. “Today, Ireland, Norway and Spain are announcing that we recognize the state of Palestine. Each of us will now undertake whatever national steps are necessary to give effect to that decision,” Irish Prime Minister Simon Harris told a news conference in Dublin on Wednesday. The landmark decision by three key European players sparked swift condemnation from Israel, with a senior lawmaker ordering the immediate recall of Israeli ambassadors to Ireland and Norway.

Persons: Simon Harris, Micheál Martin, Jonas Gahr Støre, ” “, ” Støre, Pedro Sánchez, “, ”, “ It’s, It’s, Israel Katz, Katz Organizations: CNN —, United Nations, Palestine Liberation Organization, “, Norway’s, Spain’s, Terrorism Locations: CNN — Spain, Norway, Ireland, Palestinian, Israel, Spain, Palestine, Dublin, Gaza, Iran

☆ Take a look inside Graceland, the Memphis mansion that Elvis Presley called home. His granddaughter is fighting a forced sale.
▼ + stars: | 2024-05-22 | by ( Amanda Goh | ) www.businessinsider.com time to read: +1 min

It's been 47 years since Elvis Presley died, but legions of fans still flock to Memphis, Tennessee, to see the sprawling Graceland estate the star once called home. Rock 'n' roll singer Elvis Presley stands in front of his Graceland estate. Michael Ochs Archives/Getty ImagesPer the official Graceland website, Presley lived in the mansion from 1957 until his death in 1977. Located off a highway that was renamed Elvis Presley Boulevard in 1971, the two-story residence sits on 13.8 acres of land. According to the website, it has hosted over 20 million visitors from across the globe.

Persons: It's, Elvis Presley, Michael Ochs, Presley, Presley's, Lisa Marie Presley, Lisa Marie's, Riley Keough Organizations: Michael Ochs Archives, Graceland, Naussany Locations: Memphis , Tennessee, Graceland, USA

☆ DeepL, a European rival to Google Translate, rides AI hype to a $2 billion valuation
▼ + stars: | 2024-05-22 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Launched in 2017 by founder and CEO Jaroslaw "Jarek" Kutylowski, DeepL is a competitor to Google Translate. At $2 billion, DeepL is now worth double what it was in its previous round in January 2023, when it raised $100 million from investors at a $1 billion valuation. ICONIQ Growth and Teachers' Venture Growth came on board as new investors, while existing investors IVP, Atomico and WiL also participated. "We're really expanding our product toward being able to support these bigger enterprise customers," Kutylowski said. The company has ramped up its focus on selling into enterprise over the past few years and now counts customers including Zendesk, Nikkei, Coursera and Deutsche Bahn.

Persons: Kutylowski, Jaroslaw, WiL, PARIS —, I'm, DeepL Organizations: CNBC, Google, Venture, PARIS, Zendesk, Nikkei, Coursera, Deutsche Bahn Locations: Atomico, Swiss, U.S, Asia

☆ I toured an Arizona neighborhood that banned cars and found a walkable oasis in the middle of a Phoenix suburb
▼ + stars: | 2024-05-22 | by ( Joey Hadden | ) www.businessinsider.com time to read: +1 min

Culdesac seems like a place where people can not only live car-free but also get to know their neighbors. Joey Hadden/Business InsiderAfter my visit to Culdesac, I chatted with Brad Biehl, a 24-year-old resident from Colombus, Ohio. "We're usually in environments where we walk from our door to our car and from the car into the place," Biehl said. Biehl added that he's optimistic about the future of Culdesac when more residents and retailers come in. "The number of serendipitous interactions that have taken place with the limited number of residents makes me super excited for what people will experience here."

Persons: Joey Hadden, Brad Biehl, Biehl Locations: Culdesac, Colombus , Ohio

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