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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIf history's any guide nothing good happens to companies taken out of the S&P 500, says Jim Cramer'Mad Money' host Jim Cramer looks at recent shakeups in the S&P 500.
Persons: Jim Cramer
Veterans and world leaders gathered in Normandy on Thursday to mark the 80th anniversary of the June 6, 1944 D-Day landings, when more than 150,000 Allied soldiers arrived in France by sea and air to drive out the forces of Nazi Germany. With war raging in Ukraine, on Europe's borders, this year's commemoration of this major turning point in World War Two will carry special resonance. Leaders are set to draw parallels with World War Two and warn of the dangers of isolationism and the far-right. Under glorious blue skies, they were joined by a collection of Second World War jeeps. But Russia, which launched a full-scale invasion of Ukraine in 2022, touching off Europe's biggest armed conflict since World War Two, was not invited.
Persons: Joe Biden, Bob Gibson, Biden, Emmanuel Macron, Volodymyr Zelenskiy, Britain's King Charles ,, Olaf Scholz, Brigitte Perdrix Organizations: Commando, Veterans, Reuters Locations: Gold, Asnelles, France, United Kingdom, United States, Normandy, Nazi Germany, Ukraine, U.S, Arromanches, Normandy's Utah, Ukrainian, Ver, Russia, European, Colleville, Trouville
The invasion of Normandy, France, on D-Day was a massive and complex military operation involving hundreds of thousands of military personnel. Allied war planners spent months preparing for the assault, drafting up numerous plans for the spearhead into German-occupied northwestern Europe. One commanding general, Britain's Gen. Bernard Montgomery, kept it simple, scribbling out his plans for the largest land, air, and sea operation in military history on a single sheet of paper. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Allied war planners spent months planning the invasion, the beginning of the Allied spearhead into German-occupied Europe known as Operation Overlord.
Persons: Britain's Gen, Bernard Montgomery, Organizations: Service, Nazi, Business Locations: Normandy, France, Europe
Saudi state oil giant Aramco commenced its secondary public offering on Sunday as the company looks to raise in the region of $12 billion. At the midpoint of that range, the sale would total around $11.5 billion but could eventually reach up to $13.1 billion. Four more banks were added to the share offering, Reuters reported on Sunday, including Credit Suisse Saudi Arabia and BNP Paribas. The share sale is the company's second, after Aramco first entered public markets in 2019 and offered 1.5% of the company to investors. Aramco is the world's largest oil company in terms of both daily crude production and market cap.
Organizations: Aramco, Saudi Arabian Oil Group, World Petroleum Congress, Saudi, Reuters, Credit Suisse Saudi, BNP Locations: Saudi, Stampede, Calgary, Canada, Credit Suisse Saudi Arabia
"We respect the rule of law, and have no additional comment," White House Counsel's Office spokesperson Ian Sams said in a statement to the White House press pool. Politico reported that last year, Biden directed the White House, the Democratic National Committee, and his reelection campaign to largely avoid commenting on Trump's legal cases. Advertisement"We're not here today because of what's going on over there," Biden campaign communication director Michael Tyler told reporters, according to the Associated Press. AdvertisementThe verdict comes just weeks before Trump and Biden square off in history's earliest televised major presidential debate. It is almost certain that Trump's legal issues will come up again there.
Persons: , Joe Biden, Biden, Donald Trump's, Ian Sams, Donald Trump, Michael Tyler, Trump, I've, Donald, Robert De Niro Organizations: Service, White, Business, Counsel's, White House, Republican, Trump, Politico, Democratic National Committee, Union, Capitol, Biden, Associated Press, Top Republicans, Trump . Polling, Voters Locations: Donald Trump's Manhattan, Manhattan, Fulton County , Georgia, mugshot, history's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBond market is 'in the driver seat' for the equity market right now, says Schwab's Liz Ann SondersLiz Ann Sonders, Charles Schwab chief investment strategist, joins 'Squawk on the Street' to discuss if history's reliable to count on the stock market, what's getting called into question, and more.
Persons: Liz Ann, Liz Ann Sonders, Charles Schwab, what's
Members of media chat before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. Saudi Arabian state oil giant Aramco plans to offer a fresh sale of between $10 and $20 billion of its stock as soon as this week, the Wall Street Journal reported late Tuesday, citing individuals with knowledge of the matter. Aramco is the world's largest oil company in terms of both daily oil production and market cap. If the offering goes ahead, it would relieve some financial pressure on the kingdom, at least in the near-term, the Journal reported. Saudi Arabia in May forecast a budget deficit of 79 billion Saudi riyals ($21 billion) for the year, as well as a fiscal deficit in 2025 and 2026.The stock sale could still be delayed or canceled, the Journal reported.
Persons: chalked Organizations: Aramco, Plaza Conference, Wall Street Journal, Public Investment Fund, CNBC, Saudi Locations: Dhahran, Saudi Arabia, Saudi Arabian, Saudi
The Met Gala is home to some of history's biggest fashion and pop-culture moments. Zendaya's Joan of Arc-inspired look from 2018's Gala remains one of her most iconic fashion moments. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Throughout the years, the Met Gala has transformed into a multimillion-dollar fundraiser — last year's event reportedly raised $22 million — filled with unforgettable fashion, controversies, and canon-level pop-culture moments. AdvertisementAs the world awaits all that this year's party has to offer on May 6, here's a look back at 10 memorable moments in Met Gala history.
Persons: Taylor, Joan of Arc, , What's, Eleanor Lambert, who's, Diana Vreeland, Pat Buckley, Anna Wintour, Condé Nast, Wintour Organizations: Service, New York, Metropolitan Museum, Art's, Vogue, Party
The benchmark 10-year Treasury yield is hovering below levels that caused a massive crash last fall. Yet, persistent inflation and weak Treasury auctions could boost yields past the 5% mark. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. That's why Treasury auctions have become attention-grabbers for markets, as investors watch to see if there are enough willing buyers. The dangers of 5%When 10-year yields broke through the 5% mark last fall, traders panicked and the S&P 500 nosedived nearly 6% from October's peak-to-trough.
Persons: , That's, Treasurys, Bill Gross, Ed Yardeni, Eric Sterner, Yardeni, hasn't, they're, Goldman Sachs, Sterner Organizations: Service, Treasury, Business, Treasury Department, Federal, Yardeni Research, Investment, SEI, Apollon Wealth Management
Nicole Brown Simpson's family is collaborating with Lifetime to create a new docuseries. The series aims to provide Brown Simpson's own narrative in one of history's most notorious crimes. Lifetime announced Thursday that "The Life and Murder of Nicole Brown Simpson" will premiere on the network on June 1 in a two-night event. After Simpson's death, Brown said her family has been dedicated to the cause of domestic violence in many arenas. "Nicole endured incredible pain, and through that pain, she was able to protect her children.
Persons: Nicole Brown Simpson's, Brown, , Nicole Brown Simpson, Simpson, Ronald Goldman, OJ Simpson, Simpson's, Nicole, Denise Brown, Tanya, Dominique, I'm, It's, Shonda Rhimes, Mariska Hargitay, Amy Schumer, Amber Ruffin, Melissa Joan Hart, Glenn Close, Nicky Hilton Organizations: Lifetime, Service, NFL, Variety's, Cooper Hewitt Smithsonian Design, of Locations: New York City, we're
London CNN —Last week, former UK Prime Minister Boris Johnson treated a Canadian crowd to a helping of his signature bombast. Second World War-era Conservative British Prime Minister, Winston Churchill, is also one of history's most famous cigar smokers. Central Press/Hulton Archive/Getty ImagesDespite what Johnson may have led his audience to believe, a potential smoking ban enjoys broad popular support in the UK. New Zealand’s conservative National Party introduced a similar phased smoking ban last year, but reversed it before it went into effect to help pay for tax cuts. Smoking costs the NHS an estimated £2.5 billion ($3.1 billion) every year, equivalent to 2% of the health service’s budget.
Persons: Holly Thomas, Katie Couric, London CNN —, Boris Johnson, Winston Churchill, , It’s, Rishi Sunak, Johnson, YouGov, Conservative backbenchers, Liz Truss, they’d, it’ll, Organizations: Katie Couric Media, CNN, London CNN, Conservative Party Conference, Conservative British, Central Press, Hulton, National Health Service, Conservative, New, National Party, Cancer Research, Tory Locations: London, Quebec, Britain, America, England, Wales, Scotland
"Mary & George" takes viewers inside the raucous 17th century court of Britain's King James I. AdvertisementNicholas Galitzine as George Villiers in "Mary & George." Tony Curran as King James and Nicholas Galitzine as George Villiers in "Mary & George." Nicholas Galitzine as George Villiers in "Mary & George." "Mary & George" is released weekly on Fridays at midnight on the Starz app and the Starz linear channel at 9 p.m. ET/PT.
Persons: Mary, George, Britain's King James I, , Long, Kris Kardashian, Mary Villiers, Julianne Moore, Nicholas Galitzine, Tony Curran, Countess, Duke of Buckingham, Benjamin Woolley's, James I, England's James I, Scotland's James VI, George Villiers, Mary Villiers's, Sir George Villiers, Moore, what's, James, Robert Carr, Earl of Somerset, Laurie Davidson, King James, Carr, Alan Stewart, King James I, Marquess of Buckingham, George Villiers's, George reminisced, King James Until James, Katherine Manners, Earl of Rutland, Katherine, Starz Mary, Woolley, poultices, King Charles I, Charles Organizations: Service, Starz, Royal, Farnham, BBC, Smithsonian Magazine Locations: France, England, Scottish, London, Surrey, Britain
Russian imports took a hit as Western sanctions bite down on Moscow's ability to ship crude. That's as Western sanctions on Moscow have cracked New Delhi's appetite for Russian crude, causing India to pivot towards US exports. At the same time, Indian purchases of Russian oil have tumbled, as the US and its allies tightened enforcement of sanctions against Moscow. AdvertisementFor instance, Washington has started individually sanctioning entities that breach a Western price cap on Russian barrels, and has targeted over 50 ships since October. In March, India imported an estimated 33.8 million barrels of Russian crude, compared to 51.1 million in January, Kpler data showed.
Persons: , It's Organizations: Bloomberg, Service, Moscow, Energy Information Administration Locations: India, Russia, Moscow, Washington, New Delhi, OPEC, Asia
NEW YORK (AP) — FTX founder Sam Bankman-Fried's orchestration of one of history's largest financial frauds in his quest to dominate the cryptocurrency world deserves a prison sentence of 40 to 50 years, federal prosecutors on Friday told a federal judge. “His life in recent years has been one of unmatched greed and hubris; of ambition and rationalization; and courting risk and gambling repeatedly with other people’s money. And even now Bankman-Fried refuses to admit what he did was wrong,” prosecutors wrote. Bankman-Fried was extradited to the United States in December 2022 from the Bahamas after his companies collapsed a month earlier. “Even following FTX’s bankruptcy and his subsequent arrest, Bankman-Fried shirked responsibility, deflected blame to market events and other individuals, attempted to tamper with witnesses, and lied repeatedly under oath,” prosecutors said, citing his trial testimony.
Persons: — FTX, Sam Bankman, Prosecutors, Tom Brady, Larry David, , Fried, , ” “, Judge Lewis A, Kaplan, Marc Mukasey, “ Sam, ” Mukasey, Locations: Manhattan, , United States, Bahamas, Palo Alto , California
Mark Zuckerberg trashed Apple's Vision Pro this week and called out Apple's "fanboys." NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMark Zuckerberg posted a takedown of Apple’s just-launched Vision Pro this week, criticizing its cost, specs, and called out Apple's "fanboys." Now, Mark Zuckerberg has taken aim at Apple’s $3,500 Vision Pro, deriding Apple “fanboys” for hyping a product with inferior specs to Meta’s $500 competitor, the Quest headset.
Persons: Mark Zuckerberg, Zuckerberg, Steve Ballmer, , Apple’s, ” Ballmer, , it's Organizations: Apple, Service, VR
The Ukrainian sniper team claiming the world's longest kill shot has described shooting a Russian soldier. "I was thinking that Russians would now know that is what Ukrainians are capable of," the sniper told the WSJ. "I was thinking that Russians would now know that is what Ukrainians are capable of," Kovalskiy told the news outlet in a report published Monday. A view from the viewfinder of a Ukrainian sniper rifle at a shooting range amid Russia and Ukraine war in Donetsk Oblast, Ukraine on August 09, 2023. AdvertisementBefore that shot, British army sniper Craig Harrison was believed to have held the record after killing a Taliban militant from 1.5 miles away.
Persons: Vyacheslav Kovalskiy, , Kovalskiy, that's, Ignacio Marin, Kovalskiy's, Craig Harrison Organizations: Ukrainian, Service, Wall Street, Security Service, US Marine Corps, Anadolu Agency, Getty, Street, Islamic Locations: Russian, Ukraine, Ukrainian, Kherson, Russia, Donetsk Oblast, Canadian
MEXICO CITY (AP) — Nicaraguan police said Friday they want to arrest the director of the Miss Nicaragua pageant, accusing her of intentionally rigging contests so that anti-government beauty queens would win the pageants as part of a plot to overthrow the government. It all started Nov. 18, when Miss Nicaragua, Nicaragua’s Sheynnis Palacios won the Miss Universe competition. Ortega claimed the protests were an attempted coup with foreign backing, aiming for his overthrow. It didn't help that many ordinary Nicaraguans — who are largely forbidden to protest or carry the national flag in marches — took advantage of the Miss Universe win as a rare opportunity to celebrate in the streets. Palacios, who became the first Nicaraguan to win Miss Universe, has not commented on the situation.
Persons: Karen Celebertti, James Bond, Nicaragua’s Sheynnis Palacios, Daniel Ortega, Palacios, Ortega, Nicaraguans, Celebertti “, Celebertti, , , , Palacio's, Lady Rosario Murillo, Palacios ’, ” Murillo Organizations: MEXICO CITY, , Miss, Facebook, National Police, Sandinista, Jesuit University of Central, Nicaraguan Locations: MEXICO, Miss Nicaragua, Jesuit University of Central America, Nicaragua
Henry Kissinger died on Wednesday, aged 100. He outlived a New York Times journalist who helped with his obituary — the writer died in 2010. He lasted so long that he outlived one of The New York Times writers who contributed to his obituary. The Times described Kaufman in the byline as "a former correspondent and editor for The Times who died in 2010" — 13 years before Kissinger. David Kissinger wrote in an op-ed in The Washington Post in May that his "father's longevity is especially miraculous when one considers the health regimen he has followed throughout his adult life."
Persons: Henry Kissinger, , Michael T, Kaufman, Kissinger, Kaufman's, Osama bin Laden, Kenneth Kaunda, Nixon, David Kissinger Organizations: New York Times, The Times, Service, The New York Times, Times, , Ford, Washington Post, CBS News Locations: Zambia, Washington
The apartment where Adolf Hitler was born is now the subject of fierce public debate. AdvertisementFor years now, Braunau am Inn, Austria, has been embroiled in a debate about how to deal with one of its most infamous buildings — the birthplace of dictator Adolf Hitler. Hitler was born in Braunau am Inn in 1889 and lived there for only a few months. When Hitler was in power during World War II, the apartment was used as an art gallery and library, per NPR. Residents say it's important for Austrians to accept the country's role in Hitler's abuses, despite some resistance at the time.
Persons: Adolf Hitler, it'd, , Hitler, Florian Kotanko, Adolf Hitler's Birthplace, Annette Pommer, It's, Günter Schwaiger, didn't Organizations: Service, Locals, NPR, Guardian, Austrian, New York Times, Times Locations: Braunau, Austria, Austrian
Israeli authorities are building cases against Hamas militants accused of rape and sexual assault. "The silence on these war crimes is deafening," Sheryl Sandberg wrote in an opinion essay. Rape and sexual violence have long been tragic elements of war and conflict throughout history, from World War II to the Rwandan genocide and Sierra Leonean Civil War of the 1990s. "In many contexts, sexual violence is not merely the action of rogue soldiers, but a deliberate tactic of warfare. "We can each 'be a witness' and together call out this unacceptable horror and unimaginable suffering," Sandberg wrote in her op-ed.
Persons: Sheryl Sandberg, , Sheryl Sandberg Dominic Lipinski, " Sandberg, Sandberg Organizations: Service, Meta, CNN, Sierra Leonean, United Nations Women, UN Locations: Sierra Leonean Civil, Ethiopia, Ukraine, Sudan, Israel
In May 1905, Russia's navy suffered a resounding defeat by the Japanese at the Battle of Tsushima. The battle is a lesson about complacency in the face of new threats, a top US Air Force official says. AdvertisementAdvertisementGreat-power competitionJapanese soldiers relieve Russian troops in an outer fort at Port Arthur after the Russian surrender in 1905. Proctor via Wikimedia Commons"The Battle of Tsushima Straits did not go well for Russia," Kendall, a self-proclaimed history buff, said at the conference. If our power-projection capability and capacity are not adequate to deter Chinese aggression against Taiwan or elsewhere, war could occur," Kendall said.
Persons: , Frank Kendall, Kendall, aren't, George Rinhart, Port Arthur —, Korea's, Shigetada Seki, Port Arthur, Oriol, Tsushima, Oleg, Proctor, Theodore Roosevelt Organizations: Russia's, Russo, US Air Force, Service, Air Force, Air and Space Forces Association, Getty, Imperial, Siberian Railway, Asahi, Wikimedia, Imperial Japanese Navy, Russian, Baltic Fleet, 2nd Pacific Squadron, Wikimedia Commons, Mukden, Japanese Defense Ministry, US Defense Department Russia's Locations: Tsushima, Japanese, Asia, European, Imperial Japan, Imperial Russia, Pacific, Japan, Russia, China, Port, Europe, Korea, Dalian, Liaodong, Port Arthur, Tokyo, Russian Pacific, Chemulpo, Ulsan, Baltic, Russian, Vladivostok, Philippines, Madagascar, Manila Bay, Shandong, Okinawa, US, Britain, Germany, Imperial Germany, South, Soviet Union, Manchuria, Taiwan
JPMorgan CEO Jamie Dimon sounded the alarm on a series of risks looming over global markets. "This may be the most dangerous time the world has seen in decades," Jamie Dimon said in a JPMorgan earnings press release. Dimon also reiterated concerns of higher interest rates to come, having previously noted 7% levels as a real possibility. Added to that is growing US debt, which has drawn increasing criticism for its potential to worsen interest rates and eventually lead to fallout, if left unchecked. Despite Dimon's concerns, JPMorgan's reported strong third-quarter results, helped by higher interest rates and its acquisition of First Republic Bank earlier this year.
Persons: Jamie Dimon, Dimon, , JPMorgan's Organizations: Service, Bank, First Republic Bank Locations: Ukraine
The IMF warned of bond market risks amid fears of a Silicon Valley Bank repeat. Sharp rises in bond yields could pose a risk to banking portfolios, as happened earlier this year. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementThe sharp rise in Treasury bond yields provoked warnings from the International Monetary Fund, which called on regulators to increase their financial markets oversight. In March, Silicon Valley Bank was forced to sell its bond holdings at a major loss, sparking a flight in deposits that triggered its collapse along with other lenders.
Persons: Tobias Adrian, Sharp, , Adrian, Michael Barr Organizations: Financial Times, Service, International Monetary Fund, Silicon Valley Bank, Federal Reserve, American Bankers Association Locations: Silicon Valley, China, Europe, United States
Some of these bots are intended to be educational tools — making classrooms interactive. Khanmigo and Hello HistoryThe Washington Post put one of these bots to the test, using Khan Academy's Khanmigo bot to "interview" Harriet Tubman, the US abolitionist. AdvertisementAdvertisementThe AI Tubman largely appeared to recount information that could be found on Wikipedia, but it did make some key errors and seemed to struggle to distinguish the quality of different sources. AdvertisementAdvertisementInsider asked the same question to Hello History, another historical AI chatbot, to see if it would fare any better. Effects on critical-thinking skillsGupta also pointed to a deeper issue with using bots as educational tools.
Persons: , Abhishek Gupta, Tiraana, Khan, Harriet Tubman, Tubman, Sal Khan, Ekaterina Babintseva, they've, Gupta, It's, Brown University's Bains Organizations: Service, Meta, Montreal AI, Brown University, Washington Post, Post, Reuters, Khan Academy, Purdue University, IBM Locations: Montreal
"Deception has succeeded against Russian forces at all echelons and across all three service branches," the report said. A Russian drone had earlier damaged a tank there, and Afanasyev wanted to make sure it didn't happen again. AdvertisementAdvertisementThe company says over 250 of these decoys have so far been handed over to the Ukrainian military. In eastern Ukraine's Popasna, a base used by the mercenary pro-Russian Wagner Group was bombed to rubble by Ukrainian troops in April 2022. Ukraine's 110th brigade then "worked effectively to attack the Russian soldiers," he said.
Persons: it's, Ivan Oleksii, Oleksii, Cmdr, Oleksandr Afanasyev, Afanasyev, Vladimir Solovyov, Wagner, Igor Russak, Ukraine's, Huw Dylan, David Gioe, Joe Littell Organizations: Service, Royal United Services Institute, Russian, Getty, Kremlin, Wagner, Russian Wagner, Wired, Purpose, Center for Information Resilience, 25th Airborne Brigade, Modern War Locations: Russia, Ukraine, Wall, Silicon, Ukrainian, Russian, Kyiv, Makiivka, Lyman, Donetsk, St Petersburg, Ukraine's, Avdiyivka, Europe, Izium, Kharkiv, Kherson
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