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A demonstrator holding a sign holds up a fist after students built a protest encampment in support of Palestinians at the University of Southern California's Alumni Park on April 24, in Los Angeles, California. David Swanson/ReutersTensions escalated once police entered the University of Southern California campus, according to Jonathan Park, an editor of the Daily Trojan, the college’s newspaper. “When we saw the LAPD coming in from Vermont Avenue and working with campus officers, encircling on them, it definitely changed the mood,” Park told CNN’s Anna Coren. The Los Angeles Police Department said 93 people were later arrested on suspicion of trespassing during Wednesday's demonstrations at USC. There are also wider calls to cut ties with Israeli academic institutions and to cut funding from entities connected to Israel.
Persons: David Swanson, Jonathan Park, , CNN’s Anna Coren, scuffles, , Nick Watts, Park Organizations: University of Southern California's, Reuters, University of Southern, Daily Trojan, CNN, Los Angeles Police Department, USC Locations: Los Angeles , California, University of Southern California, Vermont, Israel, Gaza, Palestinian, Palestine
What it’s really like to live in Macao
  + stars: | 2024-04-25 | by ( Lilit Marcus | ) edition.cnn.com   time to read: +9 min
Macao, the Chinese special administrative region (SAR) often twinned with Hong Kong, is known as the Las Vegas of Asia. But travelers who are willing to dig in a little deeper can explore Macanese culture, which mixes Portuguese, Chinese and Southeast Asian heritages. Macao is comprised of two islands – the north one, Macao itself, and its southern neighbor Taipa. “In Asia, [people] think that Macao is full of casinos, and I think they do not understand the other parts of Macao,” says Lai. That means that they can live in Macao without a work visa and do not need a company sponsoring them.
Persons: CNN — “, , Vivian Lai, Taipa, Lai, ” Marina Fernandes, Michael Maslan, , it’s, Uber, Fernandes, Eduardo Leal, Ricardo Balocas, Balocas, Don’t Organizations: CNN, Las, Macanese Association, Bloomberg, Macao International Airport, Joseph’s University, Macao, Henley Locations: Macao, Hong Kong, Las Vegas, Asia, China, Taipa, , , Europe, Portuguese, Zhuhai, Macao’s, Singapore, Jakarta, Hanoi, Bangkok, Beijing, North America, Shenzhen, Guangzhou, Bay Area, Portugal, Macao's, Lisbon, St, Philippines, ‘ Little Lisbon, it’s
CNN —In tennis, “love” means nothing. Back in the present, Tashi is Art’s wife and coach, having lost her own career to a devastating knee injury. Even using the sport as a metaphor, “Challengers” might become a bit of a challenge for those who show up eager to see the principals sweat for different reasons. Because she’s playing more complicated angles, Zendaya’s Tashi is the most interesting character as well as a source of frustration. While the build-up proves effective, the payoff simply feels too precious, in a way that’s particularly unsatisfying.
Persons: Love, whiffing, Luca Guadagnino, Zendaya, Mike Faist, Patrick, Josh O’Connor, Tashi, , ” Guadagnino, Justin Kuritzkes Organizations: CNN, , Wimbledon
Europe’s central bankers are trying to get out of the shadow of the United States. Now, European Central Bank policymakers are emphasizing how much the inflation problem has eased in the eurozone. All week, Europe’s policymakers reiterated their growing confidence that high inflation was dissipating in the eurozone and that their 2 percent inflation target was in sight. The E.C.B., which sets interest rates for all 20 countries that use the euro, has signaled it could cut rates at its next policy meeting in early June. “We’re clearly in a disinflation process,” said Gabriel Makhlouf, governor of Ireland’s central bank and one of the 26 members of the E.C.B.’s governing council.
Persons: “ We’re, , Gabriel Makhlouf Organizations: European Central Bank, International Monetary Fund, World Bank Locations: United States, Washington, Ireland’s, U.S
Meta shares plunged as much as 15% in premarket trading, dragging US futures lower. Investors weren't convinced by Mark Zuckerberg's plan to keep spending tens of billions on AI. AdvertisementMeta stock plunged in premarket trading on Thursday as investors fretted that Mark Zuckerberg's artificial intelligence push will send costs skyrocketing. The losses came after Meta reported its earnings for the first three months of the year on Wednesday. Zuckerberg's previous pledge to keep costs low during a "year of efficiency" has helped Meta's stock to rally since the start of 2023.
Persons: weren't, Mark Zuckerberg's, Meta, , Refinitiv, Zuckerberg, Russ Mould, AJ Bell, Mark Zuckerberg Organizations: Service, Meta, Microsoft Locations: Wednesday's
Pictured here is the Zeekr 001 electric car at a services trade fair in Beijing on Aug. 31, 2023. China News Service | China News Service | Getty ImagesBEIJING — Chinese electric car brand Zeekr is selling more vehicles than Tesla in parts of China, and plans to expand in Europe and Latin America this year, Zeekr CEO Andy An told CNBC on Wednesday. For the first three weeks of April, Zeekr sold 500 more cars than Tesla in the province of Zhejiang, where Zeekr and its parent company Geely are based. Zeekr also slightly outsold Tesla in the province of Anhui, near Shanghai, and Guangxi, an autonomous region in southern China. The rapid rise of Chinese electric car companies, however, has also prompted the EU and U.S. to consider measures for protecting their own auto industries.
Persons: Andy, Elon, Tesla, Zeekr Organizations: China News Service, Getty, CNBC, EU Locations: Beijing, BEIJING, China, Europe, Latin America, Zhejiang, Anhui, Shanghai, Guangxi, Sweden, Netherlands, America, Hong Kong, Macao, Singapore
The CEO of Norges Bank told the FT that he thinks Americans work much harder than Europeans. AdvertisementEuropeans are less ambitious and don't work as hard as Americans, said Nicolai Tangen, the CEO of Norway's $1.6 trillion oil fund. In Europe, you're dead," Tangen told The Financial Times in an interview published on Wednesday. "I should be careful about talking about work-life balance, but the Americans just work harder." It's true that Americans, on average, work longer hours than their European counterparts, according to data collected from 2019 to 2022 by the Organisation for Economic Co-operation and Development.
Persons: Nicolai Tangen, , Tangen, That's, they've Organizations: Norges Bank, Service, Financial Times, Norges, Apple . Norges Bank, Organisation for Economic Co, Development, European Union, OECD Locations: America, Europe, European
Editor’s Note: This interview was aired on CNN’s “First Move With Julia Chatterley.”CNN —With “Shogun,” Hiroyuki Sanada wanted to get things right. “So, I wanted to…introduce the world correctly.”He plays Lord Yoshii Toranaga on the acclaimed FX miniseries, an adaptation of James Clavell’s best-selling 1975 novel of the same name. Not a stereotypical samurai.”Video Ad Feedback Watch: Hiroyuki Sanada speaks to CNN's Julia Chatterly on how "Shogun" has become a global hit. 02:16 - Source: CNNWhile Sanada, 63, has been acting for close to six decades, this is the first time he’s taken on a producer role. What we tried to do with that gaze was find a way to transcend culture.”The miniseries has proved popular.
Persons: Julia Chatterley, , ” Hiroyuki Sanada, Yoshii Toranaga, James Clavell’s, Tokugawa Ieyasu, Hiroyuki Sanada, CNN's Julia Chatterly, Sanada, John Blackthorne, Cosmo Jarvis, , Anna Sawai, Lady Mariko, Michael De Luca, Justin Marks, Rachel, Kondo, Michelle Yeoh, Ke Huy Quan, Beef, Ali Wong, Steven Yeun Organizations: ” CNN, CNN, FX, Disney Locations: Japan, Hollywood, Clavell’s
A worker fixes flags of the ruling Bharatiya Janata Party displayed on a hoarding prior in Raipur on April 15, 2024 ahead of the country's upcoming general elections. India's stock markets started the year in record-high territory, much of it supported by pre-election optimism — but as the country kicked off its weeks-long election, Bernstein warned that a market correction could be in place. Market players have been pricing in a victory for Prime Minister Narendra Modi's ruling Bharatiya Janata Party. Modi, who has been prime minister since 2014, is seen as a market-friendly candidate. Nearly one billion eligible voters will decide who fills the 543 contested seats in the Lok Sabha, the lower house of the Indian Parliament.
Persons: Bernstein, Narendra Modi's, Modi, Venugopal Garre, Nikhil Arela Organizations: Bharatiya Janata Party Locations: Raipur, India, Lok Sabha
The Department of Justice is investigating McKinsey for advising opioid producers on boosting sales. The firm previously paid nearly $1 billion to resolve lawsuits related to its opioid work. The investigation is also looking at potential obstruction of justice by McKinsey and its employees. News of the investigation underscores how McKinsey's opioid work — which the firm said it stopped in 2019 — continues to plague the consultancy. In a 2018 email, for example, a since-fired McKinsey executive wrote to another senior executive about the firm's legal risk.
Persons: , Endo, Martin Elling Organizations: Justice, McKinsey, Service, McKinsey & Company, US Department of Justice, Street, Purdue Pharma, DOJ, of, Purdue Locations: Virginia, Western, of Virginia, of Massachusetts, Seattle
Oil prices eased in early trade on Thursday as concerns about a potential slowdown in the U.S. economy amid prospects for delayed interest rate cuts outweighed worries over the risk of expanding conflict in the Middle East. Oil prices eased in early trade on Thursday as concerns about a potential slowdown in the U.S. economy amid prospects for delayed interest rate cuts outweighed worries over the risk of expanding conflict in the Middle East. Israel also said it was moving forward with plans for an all-out assault on Rafah in the south. Energy Information Administration, or EIA, data on Wednesday indicated U.S. crude oil inventories unexpectedly fell last week as exports jumped, while gasoline stockpiles decreased less than forecast. "The data provided a temporary boost to oil prices, but it didn't seem to last long," Fujitomi's Tazawa said.
Persons: Toshitaka Tazawa, Fujitomi's Tazawa Organizations: Brent, U.S . West Texas, Fujitomi Securities Co Ltd, U.S . Federal Reserve, Energy Information Administration, EIA Locations: U.S, East, Iran, Israel, Gaza, Rafah
Bitcoin is set for more price gains later this year, even after a recent retreat in prices, according to Standard Chartered's top crypto analyst. Geoffrey Kendrick, head of foreign exchange research, West, and digital assets research at Standard Chartered, said in a research note this week that he sees bitcoin rising to $150,000 per coin, and ether hitting $8,000 by the end of 2024 — doubling down on a bullish prediction from the bank earlier this year. Bitcoin temporarily sank below $60,000 last week as traders reacted to news of an escalating military conflict between Iran and Israel. Also, large long liquidations over the past couple of weeks mean that market positioning is a lot cleaner," Kendrick said. "As a result, with Middle East tensions easing I think it is time to re-engage in medium-term longs."
Persons: Geoffrey Kendrick, Kendrick, Bitcoin, bitcoin, That's Organizations: Standard Chartered, BTC, ETH, Securities and Exchange Commission, Treasury, HK Locations: Israel, Iran, United States, U.S
But Matty Healy says he hasn't "really listened to that much of it." AdvertisementTaylor Swift's "The Tortured Poets Department" may have broken multiple streaming records, but Matty Healy says he hasn't "really listened" to the album yet. I haven't really listened to that much of it, but I'm sure it's good," Healy said of the album. Healy's response may surprise some, considering how fans have speculated that he is the subject of several songs on Swift's album. On Wednesday, streaming giant Spotify said that Swift's album had become the platform's "most streamed album in a single week," surpassing a billion streams since its release on Friday.
Persons: Taylor Swift's, Matty Healy, Healy, , Taylor, Swift, Joe Alwyn, Travis Kelce, would've, Swift didn't Organizations: Poets Department, Service, Department, Kansas City Chiefs, GQ, Spotify, BI
One strategist, however is looking keenly at European equities, and notes that "Europe isn't a boring market." "You would hope that will translate through to the stock market in terms of company earnings growth in Europe. "While you might see some kind of short-term downturn, in the longer-term the picture is very positive for the sector," Field added. He sees value in payments, which he described as "one of the most undervalued parts of European financial services." The sector has trailed market performance, with valuations looking "interesting" over the last 12 months, Morningstar noted in its recent report.
Persons: Michael Field, Field, Morningstar Organizations: CNBC Pro, European Central Bank, Consumer, Swatch Group, Financial, Morningstar, ING Bank, Group, Health, Novo Nordisk Locations: U.S, Europe, Netherlands, British, Swiss
Read previewThe accountant hired to audit former President Donald Trump's social media company seemed to have a lot of trouble spelling his name, the Financial Times reported on Wednesday. But others, like Blake F Borgers and Ben F Vonesh, were entirely different names. Representatives for BF Borgers and Trump Media & Technology Group did not immediately respond to a request for comment from BI sent outside regular business hours. In November, Borgers' firm was also removed from the American Institute of Certified Public Accountants' peer review program. Trump Media shares had initially soared when it went public, only to crash by nearly 40% in a matter of weeks.
Persons: , Donald Trump's, Ben F Borgers, Ben F Brogers, Ben F orgers, Blake F Borgers, Ben F Vonesh, Borgers, Brown, WithumSmith, Trump, Forbes, Jean Carroll, he's, Stormy Daniels Organizations: Service, Financial Times, Public Company, Business, BF Borgers, Trump Media & Technology Group, BI, Bloomberg, American Institute of Certified Public Accountants, Trump, Trump Media, New Locations: New York, Manhattan, Mar
South Korea's largest entertainment agency Hybe is set to file an official police complaint against executives of its sublabel ADOR on charges of breach of trust and other offenses. The move comes after Hybe, which manages K-pop sensation BTS, opened an audit into ADOR on April 22 over allegations that CEO Min Hee-jin was aiming to take the sublabel independent. Min denied the allegations and accused Hybe of copying the concept of ADOR's girl group, NewJeans, for another girl group under a different Hybe subsidiary. Reports from South Korean media show a screenshot provided by Hybe of a message between Min and ADOR's vice CEO. In the message, the vice CEO outlined various methods to take the label independent, including approaching other investors and convincing Hybe to sell its stake in the sublabel.
Persons: Min Hee, Min, Hybe, auditee Organizations: CNBC, South Locations: ADOR
Analyst Edward Kelly upgraded the discount retailer to overweight from equal weight and opened a $180 price target. Yefremov's $400 price target indicates shares can jump 31.7% from Wednesday's closing price. Analyst Andrea Teixeira downgraded the energy drink maker to neutral from overweight and cut her price target by $7 to $59. — Alex Harring 5:38 a.m.: Wall Street reacts to Meta earnings Meta Platforms disappointed investors with its weak revenue guidance , sending shares down about 13% in premarket trading. His price target of $55 implies upside of 22% over the next 12 months.
Persons: Bernstein, Wells, Edward Kelly, shrinkflation, Kelly, — Alex Harring, Sherwin, Williams, Aleksey Yefremov, Yefremov, Doug Creutz, Creutz, Judas, Goldman, bullish, Goldman Sachs, Brooke Roach, Roach, Andrea Teixeira, Alex Harring, Ford, Wells Fargo, Colin Langan, Langan, LSEG, Eric Sheridan, Brian Nowak, Morgan Stanley, Doug Anmuth, Ronald Josey, Daniel Roeska, Roeska, General Motors, Fred Imbert Organizations: CNBC, General Motors, Traders, Grand Theft, Sony, Electronic Arts, TJX, TJX Companies, JPMorgan, Monster Beverage, Ford, Ford Pro, Facebook, Meta, Citi, mojo, General, GM Locations: Wells Fargo, Thursday's, Wednesday's, Michigan
SK Hynix Inc. signage at the company's office in Seongnam, South Korea, on Monday, April 22, 2024. SK Hynix is the world's second-largest memory chipmaker after Samsung Electronics and supplies high-bandwidth memory chips catering to AI chipsets for companies like Nvidia . The explosive demand for AI chipsets boosted the high-end memory chip market, hugely benefiting players like SK Hynix and Samsung Electronics. To meet AI memory demand, the firm said it plans to increase supply of HBM3E – the latest generation of high-bandwidth memory for AI. SK Hynix said it will also introduce 32GB Double Data Rate 5 products this year to strengthen its leadership in the high-capacity server DRAM market.
Persons: SeongJoon Cho Organizations: SK Hynix Inc, SK Hynix, Bloomberg, Getty Images, South Korean, Revenue, Samsung Electronics, Nvidia Locations: Seongnam, South Korea, HBM3E
The most consequential of the new rules is aimed at nearly eliminating carbon dioxide emissions from the coal plants. Once implemented, the rules are widely expected to result in the shuttering of nearly all the nation’s remaining coal plants by 2040. Here’s what to know about President Biden’s new moves to clean up coal power. There is no widely used technology available to substantially reduce carbon dioxide emissions from power plant smokestacks. The cheapest way to comply may be to just shut down the nation’s roughly 200 remaining coal plants.
Persons: Biden, Biden’s Organizations: Environmental Protection Agency Locations: America, United States
It all went to emphasize the kind of economic, educational and cultural ties that the United States is pointedly holding up as beneficial for both countries. But hanging over those pleasantries during his visit to China this week are several steps the U.S. is taking to sever economic ties in areas where the Biden administration says they threaten American interests. Even as the Biden administration tries to stabilize the relationship with China, it is advancing several economic measures that would curb China’s access to the U.S. economy and technology. It is poised to raise tariffs on Chinese steel, solar panels and other crucial products to try to protect American factories from cheap imports. The president signed it on Wednesday, though the measure is likely to be challenged in court.
Persons: Antony J, Blinken, Biden, ByteDance Organizations: New, Biden Locations: Shanghai, New York, United States, China, U.S, Beijing
Municipal governments across the United States are looking to rein in spending as pandemic-era stimulus dries up and inflation lingers for longer than expected. The group issued a AA investment grade general obligation bond rating for New York City in March 2024. The financial challenges within cities appear to be mounting despite high municipal credit ratings and robust demand for urban commodities like housing. "I think we can all agree that we're broke," said Houston Mayor John Whitmire in a March 2024 City Council budget hearing. Meanwhile, in the case of New York City, leaders remain optimistic about future returns.
Persons: Michael Rinaldi, Brad Lander, Sheila Weinberg, we're, Houston Mayor John Whitmire, Weinberg, We've, Lander, Eric Adams, Rinaldi, Adams Organizations: Fitch, AA, New, Truth, University of Denver, New York, Apple, Houston Mayor, Accounting, CNBC, Lander Locations: United States, U.S, New York City, Chicago, Houston, Portland , Oregon, New York
Mining giant BHP Group on Thursday said it had made an all-share takeover offer for rival Anglo American , valuing the smaller company at £31.1 billion ($38.9 billion). Anglo American shares leapt at the market open and were 12% higher at 9 a.m. in London. Australia-based BHP, the biggest listed miner according to Companies Market Cap, said that the deal would deliver 0.7097 BHP shares per Anglo American share to Anglo American's ordinary shareholders. Anglo American has a huge copper operation based in South America and a production target for the metal of 730,000 to 790,000 tons in 2024. This compares with a copper output aim between 1.7 million and 1.9 million for BHP over the same period.
Organizations: Mining, BHP Group, BHP Locations: London, Australia, American, South America
Venice will begin on April 25, 2024 charging day trippers for entry, a world first aimed at easing pressure on the Italian city drowning under the weight of mass tourism. Venice became the first city in the world to charge a payment for tourists in a bid to alleviate the pressures of mass tourism and make the city more livable for its residents. The pilot program will exact a fee of 5 euros ($5.4) from day-trippers to Venice, one of Italy's most picturesque and historic cities. Municipal workers were seen checking the tickets of day-trippers outside the front of the fragile lagoon city's Santa Lucia railway station. The charge applies to tourists arriving between 8:30 a.m. local time and 4 p.m., while access is free outside of those hours.
Organizations: Reuters Locations: Venice, Italy, Santa Lucia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy so many U.S. cities are in financial troubleSpending cuts are occurring across many U.S. cities as inflation lingers and pandemic-era stimulus dries up. At least 53 major cities have debt obligations that outstrip assets, according to an estimate from Truth in Accounting. The nonprofit group estimates higher debt burdens than many public officials acknowledge because of allegedly underreported retiree benefits. The rising public debt may potentially leave future generations on the financial hook for decisions made by today's leaders.
Organizations: today's Locations: U.S
Campaign officials are fully aware the Trump trial could dominate news coverage in the weeks to come. Even some occasional critics of Biden’s campaign strategy have not found fault in his approach to the Trump trial. Their strategy of not campaigning, wasting money, acting like small time thugs, and pushing their extreme agenda is driving away voters,” Biden campaign spokesperson James Singer said in a statement Friday. On the trail during the trialIt is that viewpoint that has largely animated the president’s schedule as Trump’s first criminal trial gets underway. The trip followed swings through battleground Pennsylvania during the court’s jury selection and Virginia on the first day of Trump’s trial.
Persons: Joe Biden, Donald Trump, , ” Biden deadpanned, Trump’s, Biden, Trump, Kennedy, grumble, , David Axelrod, Barack Obama, I’m, He’s, ” Axelrod, CNN’s Dana, Don ”, ” Biden, James Singer, it’s, , needling Trump Organizations: New York CNN, Republican, Trump, Micron, Biden, CNN, White Locations: Syracuse, New York, Manhattan, Florida, Pennsylvania, Washington, Syracuse , New York, America’s, Tampa , Florida, Virginia
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