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☆ Costco’s $1.50 hot dog price is ‘safe’
▼ + stars: | 2024-05-31 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

New York CNN —Costco’s new chief financial officer has a reassuring message for inflation-weary customers: don’t worry about the price of the $1.50 hot dog-soda combo. “To clear up some recent media speculation, I also want to confirm the $1.50 hot dog price is safe,” Costco CFO Gary Millerchip said on an earnings call with analysts Thursday. With Costco’s leadership change — and other longtime deals like Trader Joe’s 19-cent bananas and Planet Fitness’ $10 membership ending amid rising inflation — some had speculated about the future of Costco’s $1.50 hot dog. If Costco’s hot dog deal kept pace with inflation, it would be three times as expensive today — nearly $4.50. The $1.50 hot dog is a powerful marketing tool for Costco and is synonymous with Costco’s brand.

Persons: New York CNN —, Gary Millerchip, Richard Galanti, ”, Jim Sinegal, “, ” Sinegal, Craig Jelinek, ” Millerchip Organizations: New, New York CNN, Costco, Walmart, Target, ” Costco, Seattle Times Locations: New York

☆ Cramer says to buy Costco after the stock's post-earnings dip
▼ + stars: | 2024-05-31 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Friday told investors it's a good idea to buy Costco , whose earnings on Thursday beat Wall Street's expectations but the stock still slipped in extended trading. "And if Costco keeps falling, just keep buying more, because there's nothing else like this company — never will be." Cramer said he's confident about the big-box retailer's path to success and isn't worried about its recent change in management. Costco has a new CEO in Ron Vachris and a new finance chief, Gary Millerchip. Cramer added that he thinks Millerchip, who previously served as the chief financial officer of Kroger, is a solid executive.

Persons: CNBC's Jim Cramer, it's, —, Cramer, isn't, Ron Vachris, Gary Millerchip, Vachris, he's, Craig Jelinek, Millerchip, Kroger, Costco didn't Organizations: Costco, Kirkland

Fresh off a red-eye flight from California, Cynthia Frybarger dropped off her luggage at the Margaritaville hotel in Midtown early Wednesday and boarded a downtown Q train, bound for the hottest pop-up spot in Manhattan. Her destination: Collect Pond Park, the square plot of cement and trees across Centre Street from the front doors of the Manhattan Criminal Courthouse, where a few hours later a group of 12 New Yorkers began deliberating whether to convict Donald J. Trump in the first criminal trial of an American president. “I didn’t come strictly for this, but it fit in perfectly,” Ms. Frybarger, 73, said, holding up the “Lock Him Up!! !” poster she had made back home in San Jose. As Mr. Trump’s trial has unfurled through its various stages, the park has played host to a daily tableau of New York writ small — gawkers and tourists, politicians and celebrities, demonstrators and protesters, all of whom have stood for hours in the baking sun and driving rain, to see and be seen.

Persons: Cynthia Frybarger, Donald J, Trump, “, Ms, Frybarger, Trump’s Organizations: Yorkers Locations: California, Midtown, Manhattan, San Jose, York

Louisville, Kentucky CNN —All charges against Scottie Scheffler have been dismissed less than two weeks after the world No. “Based upon the totality of the evidence, my office cannot move forward in the prosecution of the charges filed against Mr. Scheffler,” County Attorney Mike O’Connell said Wednesday in court. “He’s glad it’s over,” Romines said of Scheffler, who lives in Texas and had permission to miss Wednesday’s hearing. It appears to show an officer read Scheffler his Miranda rights before questioning the golfer about the incident. The officer, Detective Bryan Gillis, stopped Scheffler and attempted to give instructions.

Persons: Scottie Scheffler, Scheffler, Mike O’Connell, “ Mr, Anne Delahanty, –, ”, “, ” Scheffler, Steve Romines, Romines, “ He’s, ” Romines, WLKY, John Mills, Xander Schauffele, Louisville Mayor Craig Greenberg, Miranda, “ LMPD, Scheffler’s, ” Scottie Ellis, Mayor Greenberg, ” Ellis, Valhalla –, Dwight Mitchell, ESPN –, Bryan Gillis, Gillis, Jacquelyn Gwinn, Villaroel, Steve Almasy, Gloria Pazmino, Jill Martin, Jack Bantock, Eric Levenson, Ray Sanchez, Andy Rose Organizations: Kentucky CNN, PGA, Mr, “ Police, Jefferson, CNN, Louisville Metro Police Department, Valhalla Golf, PGA of America, Louisville Mayor, Valhalla Golf Club, ESPN, Louisville Police Locations: Louisville, Kentucky, Jefferson County, ” County, Texas, Louisville , Kentucky, Romines, Jefferson, Valhalla

☆ 'Knives Out 3' is called 'Wake Up Dead Man.' Here's everything we know so far, including who's joining Daniel Craig.
▼ + stars: | 2024-05-28 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +1 min

Rian Johnson is taking Benoit Blanc back to America in "Wake Up Dead Man." Daniel Craig as Benoit Blanc in "Knives Out." "Knives Out" is set in a quirky mansion in Massachusetts, while "Glass Onion" takes place on a Greek island owned by Edward Norton's egotistical billionaire, Miles Bron. Business Insider spoke to director Rian Johnson back in December 2022, and he revealed that "Wake Up Dead Man" will be set in the US. "I've got the premise, I've got the setting, I've got what the movie is in my head.

Persons: Rian Johnson, Benoit Blanc, Daniel Craig, Edward Norton's, Miles Bron, Johnson, he's, I've, It's Organizations: Netflix, Business, Writers Guild of America Locations: America, Massachusetts, Paris

☆ Michigan mother dies after pushing her 2-year-old daughter away from out-of-control vehicle at drag race
▼ + stars: | 2024-05-28 | by ( Nic F. Anderson | ) edition.cnn.com time to read: +2 min

CNN —A Michigan mother died after pushing her 2-year-old daughter away from an out-of-control vehicle at a drag racing event on Sunday, police say. Kadie Price, 33, was a spectator at the racing event, which took place at the Silver Lake State Park Sand Dunes in Michigan’s western Oceana County. That vehicle then slammed into Price – seconds after she had pushed her daughter safely out of the way. Silver Lake State Park Sand Dunes is a popular destination for its 450-acre off-road-vehicle area, approximately 80 miles from Grand Rapids. With nearly 2,000 acres of sand dunes along Lake Michigan, the park is the only sand dune riding area east of the Mississippi, according to the Michigan State Natural Resources website.

Persons: Kadie Price, Jeep CJ, Craig Mast, Price, Charlie Price –, Mast, “, ” Mast, Charlie Price’s, Joy Matthews, CNN’s Kaila Nichols, Ryan Bergeron Organizations: CNN, Sunday, Silver Lake, Jeep, Sheriff’s Office, Investigators, Natural Resources Locations: Michigan, Michigan’s, Oceana County, Kent, Grand Rapids, Silver Lake, Lake Michigan, Mississippi

☆ It's very rare the Nasdaq outperforms the Dow by more than 10%, says Piper Sandler's Craig Johnson
▼ + stars: | 2024-05-28 | 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 EmailIt's very rare the Nasdaq outperforms the Dow by more than 10%, says Piper Sandler's Craig JohnsonHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Piper Sandler's Craig Johnson, Brian Sullivan, “ Organizations: Nasdaq, Dow, CNBC

In addition to Wegovy and Ozempic, the GLP-1 class includes Eli Lilly's highly popular weight loss drug Zepbound and diabetes treatment Mounjaro. VanGilder signed up nearly four years ago and started taking the weekly diabetes injection Ozempic specifically for weight loss. The big difference between Calibrate and prior weight loss efforts, VanGilder said, is that she doesn't feel like she's dieting. Calibrate is one of the only companies to regularly release reports detailing the results of its weight loss program. The federal Medicare program by law can't cover weight loss drugs unless the prescription is for another approved health benefit, such as diabetes or cardiovascular health.

Persons: Michael Siluk, Gray Beard, She'd, that's, Beard, wouldn't, She's, Ro, Goldman Sachs, Eli Lilly's, it's, Andrew Dudum, There's, Zachariah Reitano, Reitano, Wegovy, WeightWatchers, Gary Foster, Foster, Oprah Winfrey's, Kim Gradwell, Lee Smith, Jennifer VanGilder, she'd, Jenny Craig, VanGilder, I've, Kristin Baier, Rob MacNaughton, Ro's Reitano, we'd, Eli Lilly, Craig Primack, Primack, Hims, Dudum, We're Organizations: — Novo, UCG, Novo Nordisk, CNBC, Teladoc Health, World Health Organization, Food, WeightWatchers Clinic, Ursinus College, Asset Management Locations: Charlotte , North Carolina, U.S, Dudley , North Tyneside, Britain, Collegeville , Pennsylvania, Hims

☆ This power management stock that has doubled over the past year could win big from AI-fueled energy demands
▼ + stars: | 2024-05-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

The growing need to feed power-hungry artificial intelligence models could benefit an under-the-radar power management stock, according to Wall Street analysts. Last year, Eaton also said that data centers and IT accounted for 14% of revenues. Ahead of Eaton's quarterly print, Bank of America analyst Andrew Obin highlighted the stock as a "pure-play electrical equipment" with high-growth businesses beyond data centers. "While data center remains the strongest end market, it seems that other end markets (residential, distributed IT) improved more than expectations to drive beats," he wrote. Elsewhere, Mizuho's Brett Linzey highlighted Eaton's "extended revenue visibility" given its "mega projects" aimed at meeting reshoring and data center needs.

Persons: Eaton, Craig Arnold, Andrew Obin, Mizuho's Brett Linzey Organizations: Wall Street, Bank of America, ETN Locations: Eaton, U.S

☆ 'Super Size Me' director Morgan Spurlock dead at 53
▼ + stars: | 2024-05-24 | by ( Grace Eliza Goodwin | Jason Guerrasio | ) www.businessinsider.com time to read: +4 min

Read previewMorgan Spurlock, the documentary filmmaker who famously ate only McDonald's for a full month for his 2004 Oscar-nominated film "Super Size Me," has died at the age of 53 from complications related to cancer, his family announced on Friday. Related storiesSpurlock became an overnight sensation in the independent film world when "Super Size Me" was released. "Super Size Me." AdvertisementHe followed "Super Size Me" with documentaries like "Where in the World Is Osama Bin Laden?" Toronto International Film FestivalAfter getting the rights back to "Super Size Me 2," Spurlock released the doc in 2019, and it would mark his final movie.

Persons: —, Morgan Spurlock, Oscar, Morgan, Craig Spurlock, Spurlock, McDonald's, Osama, Laden, he'd, I'm, Phyllis Spurlock, Iris, Craig, Carolyn, Barry, Alexandra Jamieson, Sara Bernstein Organizations: Service, Business, Warrior, CNN, YouTube Locations: Manhattan

☆ Documentary filmmaker Morgan Spurlock, who skewered fast food industry, dies at 53
▼ + stars: | 2024-05-24 | by ( ) www.cnbc.com time to read: +1 min

Morgan Spurlock in town talking to the Herald's Tenley Woodman about his new movie. Documentary filmmaker Morgan Spurlock, an Oscar nominee whose most famous work skewered American food and diets and who notably ate only at McDonald's for a month to illustrate the dangers of a fast-food diet, has died. Spurlock made a splash in 2004 with his groundbreaking film "Super Size Me," which was nominated for an Academy Award. The film chronicled the detrimental physical and psychological effects of Spurlock eating only McDonald's food for 30 days. He returned in 2019 with "Super Size Me 2: Holy Chicken!"

Persons: Morgan Spurlock, Woodman, Spurlock, Morgan, Craig Spurlock Organizations: Associated Press Locations: New York, America

☆ Morgan Spurlock, Documentarian Known for ‘Super Size Me,’ Dies at 53
▼ + stars: | 2024-05-24 | by ( Remy Tumin | More About Remy Tumin | ) www.nytimes.com time to read: 1 min

Morgan Spurlock, a documentary filmmaker best known for the Oscar-nominated 2004 film “Super Size Me,” which followed him as he ate nothing but McDonald’s for 30 days, died on Thursday. His brother Craig Spurlock confirmed the death in a statement to The Associated Press, and said the cause was complications from cancer. The statement did not say where he died. In “Super Size Me,” Mr. Spurlock tested the broadly held idea that fast food is unhealthy by gorging on McDonald’s Super Size meals, hamburgers, fries, soda and more for weeks, as he steadily gained weight. The film, which grossed more than $22 million on a $65,000 budget, contributed to a sweeping backlash against the fast food industry.

Persons: Morgan Spurlock, Oscar, Craig Spurlock, Mr, Spurlock Organizations: Associated Press

☆ Morgan Spurlock, Oscar-winning documentarian, dead at 53
▼ + stars: | 2024-05-24 | by ( Tom Page | ) edition.cnn.com time to read: +3 min

CNN —Morgan Spurlock, the filmmaker and former CNN series host whose McDonald’s documentary “Super Size Me” was nominated for an Academy Award, died of cancer complications Thursday, according to his family. Spurlock, who was 53, died in New York, surrounded by family and friends, his brother said in a statement. “It was a sad day, as we said goodbye to my brother Morgan,” Craig Spurlock said. For several years, Spurlock served as host of a popular CNN Original series, “Morgan Spurlock Inside Man.”Born in Parkersburg, West Virginia, the future filmmaker was raised in Beckley, where he graduated from Woodrow Wilson High School. His film “Super Size Me 2: Holy Chicken” was released in 2019.

Persons: CNN — Morgan Spurlock, ”, Spurlock, Morgan, ” Craig Spurlock, “ Morgan, ” Spurlock’s, Osama bin Laden, Homer Simpson, “ Morgan Spurlock, Osama Bin Laden, “ I’ve Organizations: CNN, Woodrow Wilson High School, New York University, Sundance Film, Writers Guild of America, Hulu Locations: New York, McDonald’s, Parkersburg , West Virginia, Beckley, York

☆ Rian Johnson confirmed 'Knives Out 3' is called 'Wake Up Dead Man' Here's everything we know so far.
▼ + stars: | 2024-05-24 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +1 min

Rian Johnson is taking Benoit Blanc back to America in "Wake Up Dead Man." "Knives Out" is set in a quirky mansion in Massachusetts, while "Glass Onion" takes place on a Greek island owned by Edward Norton's egotistical billionaire, Miles Bron. Business Insider spoke to director Rian Johnson back in December 2022, and he revealed that "Wake Up Dead Man" will be set in the US. I obviously couldn't work during the strike, and now that it's over, I'm diving in full force, and so it's coming along," said Johnson. "I've got the premise, I've got the setting, I've got what the movie is in my head.

☆ A Tesla owner says his car’s ‘self-driving’ technology failed to detect a moving train ahead of a crash caught on camera
▼ + stars: | 2024-05-23 | by ( Ben Goggin | ) www.cnbc.com time to read: +5 min

"You do get complacent that it knows what it's doing," he said of the Tesla technology. Doty, a certified general appraiser in Ohio, was driving at around 60 mph, according to a Tesla crash report. The speed limit on the road was 55 mph, according to Doty and a police report associated with the accident. Drivers can request crash reports from Tesla, which are generated using data individual cars send to Tesla servers. The Tesla report shows that the car maintained a speed of around 60 mph while in Full Self-Driving mode before Doty slammed on the brakes and turned the wheel.

Persons: Craig Doty, Craig Doty II, Tesla's, Doty, David Paul Morris, Tesla, Elon Musk, Mike Blake Organizations: NBC News, Tesla, NBC, Bloomberg, Getty, National, Traffic Safety Administration Locations: Ohio, Encinitas , California, U.S

☆ Sand, Sea and Soul: These Architects Follow Nature
▼ + stars: | 2024-05-23 | by ( Craig Kellogg | Ashok Sinha | ) www.nytimes.com time to read: +5 min

Their firm, Stelle Lomont Rouhani Architects, quietly became known for a brand of beach modernism that sits lightly in nature, with million-dollar water views of sea grass and open skies. This East Hampton home overlooking the Three Mile Harbor is one of the creations by Stelle Lomont Rouhani Architects. This place to relax in solitude sits near one of the houses designed by Stelle Lomont Rouhani Architects. “Sometimes they got big,” said Mr. Stelle, 77, recalling one with 30,000 square feet. Ms. Rouhani, 54, said she developed the plan “to incorporate this idea of drama” casual enough for family life.

Persons: Fred Stelle, ”, Calvin Klein, Aerin Lauder, Michael Kors, Stelle, Viola Rouhani, Michael Lomont, Eleanor Donnelly, Stelle Lomont Rouhani, Shawn Henderson, Julie Hillman billow, Mr, Lomont, Lee Furness Jackman, “, Hugh Jackman, Furness Jackman, Stelle lopped, Rouhani, Donnelly, Ms, Christie Brinkley Organizations: Hamptons, Mr, Stelle Lomont Rouhani Architects, Eastern Seaboard, Federal Emergency Management Agency, Fleetwood, LaGuardia Design Group Locations: Manhattan, Bridgehampton, Hampton, Australian, East Hampton, Plasticine

Louisville police released two videos Thursday showing some of the arrest of star golfer Scottie Scheffler last week and announced the detective who arrested him was disciplined for not turning on his body-worn camera at the time. The Louisville Metro Police Department released video from a police dashcam showing two officers escorting a handcuffed Scottie Scheffler last Friday. Our position is the same as it was last Friday: Scottie Scheffler didn’t do anything wrong. What we know about the arrestDespite the arrest, Scottie Scheffler finished the PGA Championship tied for 8th place. The officer, identified as Gillis, stopped Scheffler and “attempted to give instructions,” the report states.

Persons: Scottie Scheffler, dashcam, Scheffler, Steve Romines, We’re, it’ll, Scottie, Prosecutors, ”, Josh Abner, ” Scheffler, teed, Charles Schwab, Louisville’s, Bryan Gillis, Gillis, Jacquelyn Gwinn, Villaroel, “, Craig Greenberg, Michael Reaves, Romines, Scheffler “, ESPN’s Jeff Darlington, ” Darlington Organizations: Louisville, Police, PGA, Valhalla Golf Club, Louisville Metro Police Department, Louisville Metro Police Department Scheffler, Scheffler, CNN, ” Police, Louisville Metro Police, ESPN, Darlington Locations: Louisville, Jefferson County, Jefferson, Fort Worth , Texas, Valhalla

☆ Golf champ Scottie Scheffler arrest video released, officer broke body camera rules
▼ + stars: | 2024-05-23 | by ( Dan Mangan | ) www.cnbc.com time to read: +6 min

Scottie Scheffler arrives to the course during the second round of the PGA Championship at Valhalla Golf Club in Louisville, Kentucky, on May 17, 2024. Detective Bryan Gillis "should have turned on his body-worn camera but did not," Louisville Metro Police Department Chief Jacquelyn Gwinn-Villaroel said at a press conference. The footage came from a pole camera and a police car dashboard camera. Some legal analysts expected the press conference to announce the reduction of felony charges against Scheffler. Scheffler's lawyer, Steven Romines, after the press conference said, "Scottie Scheffler didn't do anything wrong."

Persons: Scottie Scheffler, Ben Jared, Bryan Gillis, Jacquelyn Gwinn, Villaroel, Craig Greenberg, Gillis, Greenberg, Timothy D, Steven Romines, Romines, it'll, Scottie, Breonna Taylor, Taylor's, George Floyd, LMPD, Scheffler, —, abrasions, Ted Scott Organizations: PGA, Valhalla Golf Club, Louisville Metro Police Department, Louisville, Louisville Police, Easley, AP Louisville, Scheffler, Police, of Justice, Louisville police, DOJ, Valhalla Golf Locations: Louisville , Kentucky, Louisville, Ky, Minneapolis

CNN —China’s military drills around Taiwan are designed to test its ability to “seize power” over the island, the People’s Liberation Army said Friday as its forces kicked off a second day of large-scale exercises encircling its democratic neighbor. Taiwan’s Defense Ministry has condemned China’s military exercises as “irrational provocations” and dispatched its own sea, air and ground forces in response. A total of 19 Chinese warships and seven coast guard vessels were detected near the Taiwan Strait, according to the ministry. China Coast Guard drill near Taiwan. China Coast Guard/Weibo‘Blockading Taiwan’China’s military drills are often as much about playing to a domestic audience as signaling intentions internationally, and state media has ramped up coverage of the drills.

Persons: CNN —, Lai Ching, Lai, Xi Jinping, ”, China’s, Tsai Ing, ” “, Wu Qian, Liu, Tsai, wasn’t, “, I’m, Zhang Chi, Zhang, Carl Schuster, Craig Singleton, ” Singleton, Singleton, Lionel Fatton, ” Fatton Organizations: CNN, People’s Liberation Army, PLA, Command, Party, Taiwan, Guard, CCTV, Taiwan’s Defense, Kyodo, Democratic Progressive Party, China’s, Ministry, Chinese Communist Party, China Coast Guard, Taiwan . China Coast Guard, Weibo, US, Coast Guard, Pacific Command’s Joint Intelligence Center, Foundation, Defense of Democracies, Webster University Locations: Taiwan, Beijing, China, Kinmen, Taiwan Strait, China's, Taiwan ., ”, Kaohsiung, Wuqiu, Geneva

☆ Frank Shrontz, 92, Dies; Led Boeing in the Last of Its Golden Years
▼ + stars: | 2024-05-22 | by ( Clay Risen | ) www.nytimes.com time to read: 1 min

Frank Shrontz, a widely admired executive who led Boeing in the 1980s and ’90s, a decade of spectacular growth in both its bottom line and its prestige as one of the world’s premier aerospace companies — a period very different from its current crisis of public confidence — died on May 3 at an assisted living home in Seattle. His son Craig confirmed the death. Although he spent the bulk of his career at Boeing, Mr. Shrontz, who had a law degree and an M.B.A., was an unlikely choice to lead a company that prided itself on letting engineers and not businessmen set the pace. Yet during his time at the helm — he became president in 1985, chief executive in 1986 and chairman of the board in 1988 — he led Boeing through a growth market, a recession and a thorough restructuring that produced one of the most successful commercial aircraft ever put into service, the 777.

Persons: Frank Shrontz, —, Craig, Shrontz Organizations: Boeing, Mr Locations: Seattle

☆ Craig Mackinlay, UK lawmaker who lost four limbs to sepsis, returns to Parliament
▼ + stars: | 2024-05-22 | by ( Jack Guy | ) edition.cnn.com time to read: +3 min

London CNN —British lawmaker Craig Mackinlay has received a standing ovation in Parliament as he returned to the House of Commons after undergoing a quadruple amputation following a sepsis infection. The life-threatening condition requires urgent medical care to prevent organ damage and death. Mackinlay’s wife, Kati Mackinlay, told GB News that doctors told her he had only a 5% chance of survival, but she remained hopeful. “I always knew that Craig would pull through and he did.”The operation, in which his arms were amputated from the elbow and his legs from the knee, took around 4-5 hours, Mackinlay told GB News. “Get back into the saddle, get back into Parliament, get back doing the things I enjoy,” he told GB News.

Persons: Craig Mackinlay, Victoria Jones, ”, Mackinlay, Jessica Taylor, it’s, he’s, Kati Mackinlay, “, Craig Organizations: London CNN, Conservative, BBC, US Centers for Disease Control, Reuters Locations: South Thanet, England

☆ First on CNN: Top police officials privately expressed charges against golfer Scottie Scheffler should be reduced - source
▼ + stars: | 2024-05-22 | by ( Gabe Cohen | ) edition.cnn.com time to read: +4 min

CNN —High ranking police officials in Louisville, Kentucky, have privately voiced concerns that the felony charge against world No. 1 golfer Scottie Scheffler – who reportedly tried to drive around the scene of a fatal crash – is excessive, a source familiar with the discussions told CNN. It’s the first indication some top brass at the Louisville Metro Police Department believe the charges against Scheffler should be reduced. There will be action taken.”O’Connell’s office is facing growing pressure from other local officials to reassess the charges against Scheffler. Louisville Councilmember Anthony Piagentini, who represents the district where Scheffler was arrested, told CNN he believes the case is being overcharged.

Persons: Scottie Scheffler –, Scheffler, ”, Steven Romines, Josh Abner, “, Bryan Gillis, Craig Greenberg, ” Greenberg, Scheffler . Louisville Councilmember Anthony Piagentini, ” Piagentini, Romines, Charles Schwab Organizations: CNN —, CNN, Louisville Metro Police Department, Scheffler, PGA, Valhalla Golf, Louisville, Jefferson, ” Police, Police, Scheffler . Louisville, ” CNN Locations: Louisville , Kentucky, Jefferson County, Scheffler, Louisville, Scheffler ., Fort Worth , Texas

The 30-stock Dow slid 605.78 points, or 1.53%, and closed at 39,065.26 for its worst session of the year. The S&P 500 dropped 0.74%, closing at 5,267.84, and the Nasdaq Composite tumbled 0.39% to end at 16,736.03. Stocks fell Thursday, with the Dow Jones Industrial Average registering its worst day of 2024, as a post-earnings rally in Nvidia failed to lift the broader market. With its market cap of more than $2.5 trillion, Nvidia also has considerable sway over the broad S&P 500 . More than 400 names in the S&P 500 were lower, and information technology was the only positive sector for the day.

Persons: Stocks, Dow Jones, it's, Piper Sandler, Craig Johnson Organizations: New York Stock Exchange, Dow, Boeing, Nasdaq, Dow Jones Industrial, Nvidia, . Services, Global, Federal Reserve, Traders Locations: New York City

☆ This Man Did Not Invent Bitcoin
▼ + stars: | 2024-05-21 | by ( David Yaffe-Bellany | ) www.nytimes.com time to read: +1 min

For much of its existence, the cryptocurrency company nChain was governed by a golden rule of office politics: It was not a good idea to challenge Craig Steven Wright, the chief science officer. At nChain’s London offices, Dr. Wright, an Australian computer scientist, was treated as a sort of philosopher king. In 2017, Martin Sewell, an nChain employee, circulated a skeptical memo documenting technical errors in a series of papers that Dr. Wright had published about economics and computer science. A manager called Mr. Sewell into his office and told him that he had to stop. The deference to Dr. Wright “was just this extraordinary arrangement,” Mr. Sewell recalled.

Persons: nChain, Craig Steven Wright, Wright, Wright’s, Martin Sewell, Sewell, Wright “, ” Mr, “, ” Organizations: Lamborghini Locations: nChain’s London, Australian

☆ Dr. Craig Primack talks Hims & Hers launching its own GLP-1 offering as demand rises
▼ + stars: | 2024-05-20 | 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 EmailDr. Craig Primack talks Hims & Hers launching its own GLP-1 offering as demand risesDr. Craig Primack, Hims & Hers SVP of Weight Management, joins 'Closing Bell Overtime' to talk the company offering a GLP-1 drug through its platform.

Persons: Craig Primack Organizations: Weight Management

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