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Hedge funds took a diversified approach to technology investing in the first quarter as the sector built on its 2024 rally. Both Appaloosa and Coatue trimmed stakes in Nvidia during the period, with the latter shrinking his stake by 68% to $1.25 billion. Stanley Druckenmiller told CNBC last month that he cut his Nvidia stake in late March and called AI a "little overhyped" in the short run. Apple caught renewed attention from Viking Global and cuts from Coatue and Warren Buffett's Berkshire Hathaway. Coatue, Third Point, Viking Global and Tiger Global upped their Amazon stakes, while Appaloosa and D1 Capital trimmed their holdings.
Persons: Michael Burry, Ole Andreas Halvorsen zeroed, David Tepper's, Chase, Seth Klarman's Baupost, Dan Sundheim's, Phillippe Laffont's Coatue, Dan Loeb's, Halvorsen, Tepper, Sundheim, Laffont, Brad Gerstner, Stanley Druckenmiller, Warren Buffett's Berkshire, Coatue Organizations: Technology, Nasdaq, Nvidia, Meta, Capital, Microsoft, Street's, CNBC, Apple, Viking Global, Warren Buffett's Berkshire Hathaway, Tiger Global Locations: Coatue, Warren
CNN —A tiny, no frills taco stand in Mexico with just four items on its menu has been awarded a star by the coveted Michelin Guide. Taquería El Califa de León, located in the San Rafael neighborhood of Mexico City, was among the establishments to garner either one or two stars in the first ever Michelin Guide Mexico, published earlier this week, making it the first Mexican taco stand to receive the honor. Taquería El Califa de León is the first ever Mexican taco stand to receive a Michelin star. Fernando Llano/AP“The secret is the simplicity of our taco,” Rivera Martínez told the Associated Press. “With meat and tortillas of this caliber, the duo of house-made salsas is hardly even necessary,” says the Michelin Guide.
Persons: Taquería El, Chef Arturo Rivera Martínez, León, Fernando Llano, ” Rivera Martínez, Rodolfo Gaona, Silvana Flores, tacos, Rivera Martínez, , , Jorge Vallejo, Alejandra Flores, Elena Reygadas’s Rosetta, Gwendal, Chan Hon Meng’s Organizations: CNN, Michelin, AP, Associated Press, Getty, Nuevo León, Michelin Guides Locations: Mexico, San Rafael, Mexico City, Mexican, AFP, Oaxaca, Baja California, Cabos, Nuevo, Chan Hon Meng’s Singapore
Turns out, if you're Elon Musk, the biggest birthday present you can gift to a tech world nemesis may just be yourself. All of this is to say that one day after Mark Zuckerberg's 40th birthday, Elon Musk is back on their old beef, bringing up that fight he challenged Zuckerberg to last year. "I'm up for a cage match if he is lol," Musk said in an X post on June 20, 2023. — Elon Musk (@elonmusk) August 11, 2023Zuckerberg, however, said Musk never made it clear when they were scheduled to glove up and face off in the ring. Advertisement"Zuck is a chicken," he wrote in an X post on August 13.
Persons: , Elon Musk, Mark Zuckerberg's, Zuckerberg, I've, Musk, Joe Biden, Donald Trump, I’ve, ake, lear, ince, ade Organizations: Service, Business, ust Locations: lon, usk, lade
Royal Caribbean Group and Norwegian Cruise Line Holdings aim to source their foods more sustainably. In 2023, the cruise giants Royal Caribbean Group and Norwegian Cruise Line Holdings accommodated more than 10.3 million travelers. Both companies have been increasingly shopping localBoth Norwegian and Royal Caribbean want to be net zero emissions by 2050. Royal Caribbean did not respond to an inquiry about its beef initiatives or plans to expand its plant-based offerings. That's not to mention all the heat that cruise companies already take for operating ships that are bad for the environment.
Persons: , Brittany Chang, Linken D'Souza, Royal Caribbean's, Bambi Semroc, it's, Ravi Anupindi, Anupindi, Royal, Semroc Organizations: Royal Caribbean Group, Cruise Line Holdings, Chain Management, Service, Norwegian, Royal, Business, Royal Caribbean's, Conservation, University of Michigan's Ross School of Business, Marine Stewardship Council, Aquaculture, Council, Global Animal Partnership, Regent Seven Locations: buffets, Royal Caribbean, Europe, Seattle, Vancouver, Florida, California, New York City, Norwegian, Oceania
Grocery prices are finally falling
  + stars: | 2024-05-15 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +3 min
New York CNN —Food shoppers can finally breathe a slight sigh of relief: After years of increases followed by months of plateau, grocery prices fell last month. Grocery prices retreated 0.2% from March to April, adjusted for seasonal swings, according to inflation data released Wednesday by the Bureau of Labor Statistics. But back in February, overall food prices remained flat for the first time since April 2023. Fast food prices jumpWhile grocery prices have been moderating, menu prices remain high, especially at fast food spots. At sit-down restaurants, prices went up 3.4%, while at limited-service restaurants — where you’re served at the counter — prices rose 4.8%.
Persons: Milk, you’re, McDonald’s Organizations: New, New York CNN, Bureau of Labor Statistics Locations: New York, Ukraine, Texas, , McDonald’s
France’s military has mobilized and flown in “four additional squadrons to restore order,” according to French Interior Minister Gerald Darmanin. Macron will chair a defense and national security council on Wednesday, focusing on the violence, the presidential palace said. Others were equipped with larger rifles, firing bullets,” the French High commissioner to New Caledonia Louis Le Franc said. Theo Rouby/AFP/Getty ImagesFrench gendarme officers guard the entrance of the Vallee-du-Tir district, in Noumea, New Caledonia on May 14, 2024. FLNKS issued its own statement Wednesday both condemning the vote at the National Assembly and calling for an end to the violence.
Persons: Paris –, Gerald Darmanin, Emmanuel Macron, Macron, Charles Wea, Louis Mapou, New Caledonia Louis Le Franc, Franc, RNZ, Theo Rouby, unfreeze, Gabriel Attal, , ” Attal, FLNKS, “ FLNKS Organizations: CNN, New, New Caledonian, New Caledonia Louis, Radio New, Getty, Colonial, Noumea Accord, National Assembly, French, Kanak and Socialist National Liberation Locations: New Caledonia, Noumea, South Pacific, Australia, Fiji, Vanuatu, , New Caledonia, Pacific, Caribbean, Indian, France, Paris, China, United States, Radio New Zealand, Noumea , New Caledonia, AFP, Tir, White, Covid, Kanak
I made a plan, paid off my debt in three years and ultimately became a millionaire in my thirties. Today, I run a coaching business called Crush Your Money Goals, where I teach others how to make their money work for them. Regardless of how much wealth I continue to build, these are seven frugal habits that I don't intend to quit— no matter how much money I have. I've even repurposed those extra toothbrushes and toothpastes to clean my shoes when they've gotten dirty from long walking tours. Why these frugal habits will always mean so much to me
Persons: I'm, Bernadette Joy, It's, I've Locations: Charlotte , North Carolina, Asia, Seoul
Derek Arthur andGovernor Ron DeSantis of Florida recently signed a bill that bans both the production and the sale of lab-grown meat. In this audio essay, the columnist Paul Krugman argues that DeSantis’s actions represent a window into the modern Republican Party, a party in which “politics is about displaying what kind of person you are and what your allegiance is, as opposed to actually getting policies that work in place.”(A full transcript of this audio essay will be available within 24 hours of publication in the audio player above.)
Persons: Derek Arthur, Ron DeSantis, Paul Krugman Organizations: Republican Party Locations: Florida
She landed a job as a software engineer at Amazon straight out of her master's degree in computer science. After five years at Amazon, Pandey wanted to try working at other FAANG companies and applied to Microsoft and Google in 2021. Related storiesShe shared the résumé that helped her land an offer at Microsoft as well as the one she accepted at Google, a customer engineering position. AdvertisementPandey's 2021 résumé landed her roles at Google and Microsoft. Sonakshi PandeyLooking back on her 2021 résumé, Pandey said that there are two unique things about the document that worked in her favor.
Persons: , Pandey, résumé, Sonakshi Pandey Organizations: Service, Amazon, Business, Amazon Web Services, Microsoft, Google, YouTube Locations: Seattle
On a one-year basis, the expectation increased to 3.3%, up 0.3 percentage point from March and the highest since November 2023. However, expected increases in housing prices are particularly troublesome for policymakers who expected shelter costs to ease this year. Along with expected higher home costs, respondents see rents rising 9.1%, up 0.4 percentage point from the prior month. They expect food prices to increase 5.3% (up 0.2 percentage point from a month ago), gasoline to rise 4.8% (up 0.3 percentage point); and college education to increase by 9%, a 2.5 percentage point surge. Economists surveyed by Dow Jones expect the all-items CPI to show a 3.4% increase for April from the prior year, down 0.1 percentage point from March.
Persons: Philip Jefferson, Dow Jones Organizations: Costco, Consumers, New York Federal Reserve, University of Michigan, Labor Locations: Novato , California, New, New York
Sweetgreen introduced caramelized garlic steak, which is now the most expensive protein on its menu. The salad chain, which has over 225 locations, added caramelized garlic steak on Tuesday. Axios reported that it's the first red meat Sweetgreen has sold. In comparison, Sweetgreen charges $2.75 to add roasted tofu, $3.75 to add blackened or roasted chicken, and $6.15 to add miso glazed salmon. Neman said that Sweetgreen introduced steak to boost its dinner sales and expand its customer base.
Persons: Sweetgreen, , Jonathan Neman, they've Organizations: Service, New York Times, Times Locations: Manhattan, Boston, Neman, Australia, New Zealand
On Saturday, stars gathered on the steps of The Music Center in Los Angeles for the Gold Gala — a celebration of Asian Pacific influential talent across entertainment, fashion, technology and more, hosted by the non-profit Gold House. Actor Eugene Lee Yang attends the Gold Gala in an eye catching ensemble. It’s not something that I grew up imagining I’d have for myself.”Lucy Liu, wearing a gown by Bibhu Mohapatra, and Karan Johar exchange a greeting at the Gold Gold 2024. Michael Kovac/Getty ImagesFrom left to right, Shelby Rabara and Harry Shum Jr. attend the Gold Gala. So that’s been wonderful to see people take chances, and how we’ve knocked it out of the park,” Lakshmi told CNN.
Persons: Karrueche Tran, Thai Nguyen, , , Tran, Nymphia, Sheng Cheong, Karan Johar, Agnez Mo, Eugene Lee Yang, Charley Gallay, Araya Doheny, Jeannie Mai, ” “, Padma Lakshmi, Lucy Liu, Joel Kim Booster, ” Lucy Liu, Bibhu Mohapatra, Michael Kovac, Shelby Rabara, Harry Shum Jr, Monica Schipper, USC Annenberg, Tommaso Boddi, Rodin Eckenroth, that’s, we’ve, ” Lakshmi, Prabal Gurung Organizations: Los Angeles CNN, The Music Center, CNN, Getty, Pacific, Gold House, USC Locations: Los Angeles, Pacific, American, Vietnamese, African American, City, , Indonesia, Hollywood, Thai
In a bitter public feud, hip-hop stars Drake and Kendrick have exchanged personal slurs. Since March, the two have traded increasingly personal and aggressive diss tracks. AdvertisementAfter weeks of the bitter public feud between Drake and Kendrick Lamar finally looks like it's over — or at least dying down. And the rap stars didn't hold back trading a series of increasingly aggressive and unpleasant diss tracks. Ultimately, it seems unlikely that either rapper will end up suing for defamation over the slur-laden diss tracks.
Persons: Drake, Kendrick, , Kendrick Lamar, Lamar, Cole, didn't, Taylor, J, Prince Williams, Arturo Holmes, Matt Ford, Kendrick's, Daliah, Lamar —, Sapar, defamers, Saper, , Harvey Weinstein, Adonis, Sophie Brussaux, that's, They're, It's Organizations: Service, Metro, The Met Museum, New, Saper, intel Locations: LA, New Republic
Read previewSome Instacart shoppers are the targets of a scam centered on gift cards. "Within 30 seconds, I got a message about buying the Vanilla Visa gift card," she said. Instacart forbids shoppers from adding gift cards to orders, a screenshot of the company policy seen by BI indicates. "Customers are not able to order gift cards through the Instacart platform or place a special request for a gift card via chat," an Instacart spokesperson told BI. AdvertisementInstacart also tells shoppers not to purchase gift cards for customers, the spokesperson added.
Persons: , they've, Instacart, Jim, itsjwest, Heidi Bleau, Bleau Organizations: Service, Business, Walgreens, BI Locations: Massachusetts, cologne
For them, and the fast food chains they’re now competing against, the stakes are high. “Fast food has gotten really expensive,” Henkes said. On X, Chili’s asked whether Chili’s is better than fast food, and promised rewards to those who said yes. Chili’s also ran video ads comparing its food favorably to fast food burgers. “People go to sit-down restaurants, generally speaking, for different occasions, than they go to fast food restaurants,” he noted.
Persons: New York CNN — McDonald’s, Applebee’s, ” John Peyton, it’s, Peyton, , , Henkes, McDonald’s, Chris Kempczinski, Ian Borden, we’ve, Chili’s, Kevin Hochman, Chili's, Jeffery Greenberg, David Henkes, ” Henkes Organizations: New, New York CNN, Dine Brands, CNN, Bureau of Labor Statistics, Bloomberg, Applebee’s, Brinker International, Universal, Locations: New York, McDonald’s, Applebee’s, Chili’s, Technomic
New York CNN —If you took an American Airlines flight in the 1960s, you’d be wined and dined from the Coach-class “Royal Coachman” menu. “Meal service was once a point of pride,” said Henry Harteveldt, who covers the travel industry for Atmosphere Research Group. Meal service was a big focus of [competition] because entertainment options were more limited,” Harteveldt said. The September 11 attacks accelerated the decline of free airline meals. Airline meals had been the brunt of jokes and criticism for decades, but now people miss them.
Persons: you’d, , Henry Harteveldt, Peter Stackpole, Robert Crandall, Blaise Waguespack, It’s, Beef, ” Harteveldt, Rob Welham, Molly Brandt Organizations: New, New York CNN, American Airlines, Atmosphere Research, Pan American Airline, Shutterstock Airlines, Carriers, Singapore Airlines, Michelin, Embry, Riddle Aeronautical University, , Smithsonian, ” Airlines, “ Airlines, British Airways, Camera, Airlines, Continental Airlines, North America, mojo Locations: New York, Daytona Beach , Florida, Delta, North
Socialites are playing chess on "The Real Housewives of New York City." In 1990, according to the US Chess Federation, only 4% of chess players were women. Out in the world, chess' resurgence has been accompanied by a wave of new clubs and events. I made a pilgrimage to the Marshall Chess Club, a 109-year-old institution in Greenwich Village. The following evening, I went to an East Village bar and found a very different scene at Club Chess.
Persons: we'd, she'd, I'd, festers, Judit Polgár, Gary Kasparov, , Juliana Gallin, Jennifer Shahade, Alejandro Ramírez, Ramírez —, Ramírez, Shahade, Levy, Hikaru Nakamura, Rey, Anna Cramling, Miguel Pereira, Cramling, Nakamura, Bill Withers, Frank Marshall, Alexander Luke Bahta —, athleisure, you've, it's, Magnus Carlsen, Hans Niemann, Carlsen, Niemann, Dean Mouhtaropoulos, I've, Kasparov, they're, Vladimir Kramnik, Chess.com, Kramnik, Fabiano Caruana, Dan Timbrell, doesn't Organizations: Mechanics ' Institute, Housewives, New, US Chess Federation, FIDE, Washington Post, Marshall Chess Club, Chess, The Guardian, New York, whacking, Computer, YouTube Locations: San Francisco, New York City, Berkeley , California, Greenwich Village, hipsters, American, East, Canadian, Romanian, Netherlands, It's, New York, Russian
How Mother Figures Impact Our Lives
  + stars: | 2024-05-09 | by ( Catherine Pearson | ) www.nytimes.com   time to read: +13 min
For Mother’s Day, The Times asked readers to tell us about the mother figures in their lives. KELLY SANDOVAL, 48, SQUAMISH, B.C., CANADAI come from a multicultural background, but the Puerto Rican side of the family lived far away. When I showed up, Linda, my host mother, picked me up from the bus stop and made me tea and crumpets. If I had a nightmare and woke my mother up, she would tell me to climb into bed with Rita. During that year I also moved into my first apartment, away from the guidance of my mother.
Persons: Sara Walcott, , , Walcott, Ruth, she’d, JUDITH SHAPIRO, Halbeck, ZEVA OELBAUM, Jacqueline, ” Jacqueline, It’s, JESSICA CHAHINE, Patty, darlin, KELLY SANDOVAL, Alina, “ Fallon, FALLON ALVAREZ, Linda, We’re, BELLA MUNTZ KIRCHNER, AUSTIN , TEXAS Tenzin, CHANTAL TORTOROLI ROBERTS, Mom, idealists, ANNETTE EUFEMIO, Miss Jordan, MARJORIE GEORGE, Yoshibe, I’m, MARY HAYES, Viola, Lois, Aunt Flossy, Frankye, DOUG MOURER, MANSON, Colleen, WENDY, Greenberg, Bach, MANUEL FIGALLO, Rita, HARRIET LISS, MARY EILEEN CONNERY McDONNELL, Wilma, Ella Fitzgerald, Judy Garland, MADLYN DICKENS, Dunn, , Parkinson’s, I’ve, ” GENEVIEVE GEER, ANYA SANCHEZ, mami ”, Kitty ” —, KITTY CHACHRA Organizations: The Times, SOUTH, CANADA, Radio City Music Hall, Miss, Gloucester Cathedral, THE, The Locations: Macon , Ga, McLEAN , VA, Kansas City, Mo, New York, MONTCLAIR, N.J, France, Paris, SQUAMISH, Puerto Rican, PORTLAND, Cambridge, England, AUSTIN , TEXAS, LARCHMONT, MANILA, PHILIPPINES, BROOKLYN, N.Y, Japan, INDIANAPOLIS, Walla Walla, Wash, Northern Idaho, Swedish, Seattle, I’m, BELLINGHAM, ARLINGTON , VA, STAMFORD, CONN, GEORGETOWN, THE BRONX, MARATHON, Cava, Spain, BOULDER, COLO, India, Toronto, longhand, Delhi, WATERLOO , ONTARIO
Tokyo CNN —A major Japanese food supplier has recalled more than 100,000 packs of a popular brand of sliced white bread after rat parts were found inside some loaves. They were found in a batch of white “chojuku” bread — or super fermented bread, known for its extra chewy texture — manufactured by a factory based in western Tokyo prefecture, according to the company. White bread is a staple for many Japanese people when they feel like a Western-style meal, or “yoshoku,” as an alternative to traditional Japanese food. Founded in 1920, Pasco is a major supplier of baked goods that employs more than 3,700 staff at 12 factories across the country. The 15-second commercial, released months ago, features a family excitingly declaring their love of good toast as breakfast, accompanied by a voice-over saying: “We put nothing unnecessary in it.”“⁠I love chojuku bread.
Persons: Warabeya Nichiyo, Organizations: Tokyo CNN, Pasco Shikishima Corporation, CNN, Kobayashi Pharmaceutical, Warabeya, Reuters Locations: Pasco, , Tokyo, Japan, Saitama
In an interview with GQ magazine published Wednesday, Galitzine responded to a question about how playing a character who is considered good-looking made him feel. He replied: “I think the most important thing to me is that I’m taken seriously as a performer. FlixPix/AlamyShe said the auditions saw actors choose a song they would play to get Hathaway’s character to dance. She said of his choice: “I heard [the lead singer of Alabama Shakes] Brittany’s voice and I just started smiling. And he [Galitzine] saw me smile, so he relaxed, and we just started dancing.”Galitzine said of the same audition that their connection was “unlike anything [he] had ever experienced.”“We were flying.
Persons: Nicholas Galitzine, , Anne Hathaway, Galitzine, , I’m, it’s, ” Anne Hathaway, Daniel Boczarski, Mary, George ”, Julianne Moore, Hathaway, Hayes Campbell, Harry Styles, Styles, George . FlixPix, ” Galitzine Organizations: CNN, GQ, V Magazine Locations: British, Coachella, Alabama
In the intervening 33 years, how young adults spent their money changed dramatically. Millennials are spending a lot more on healthcare and rented housingHealth insurance spending stands out between the average young adult in 1989 versus in 2022. Based on average data, young adults were spending roughly 60% more on apartments and other rented housing. Before adjusting 1989 data for inflation, young adults in 2022 spent 304% more on fresh fruits than young adults in 1989. Based on our analysis, the average young adult in 2022 was spending more on nonalcoholic beverages and less on alcoholic beverages than the average young adult in 1989.
Persons: , Harry Met Sally, millennials, Gen Zers, Grace Hill, Gen Organizations: Service, Nintendo Game, Business, Bureau of Labor Statistics, Labor, BLS, Pew Research Center, CPI, Gallup Locations: Millennials
For a celebrity, being referenced in a Taylor Swift song can cause a PR crisis. Advertisement"He's showing due deference to the power of Taylor Swift," Nierman said. The Kim Kardashian method: Let anonymous sources do the talkingTaylor Swift and Kim Kardashian at the 2015 VMAs. "I don't think Taylor Swift really needs to negotiate with anyone. Advertisement"Everything is done for a reason and any person would be a fool to bet against or to cross Taylor Swift," Nierman said.
Persons: Taylor, Joe Alwyn, Matty Healy, Kim Kardashian, , Taylor Swift, Swift, Healy, TMZ, reveling, artfully, Robert Kamau, who's, Evan Nierman, Banyan, John, recoils, Erik Bernstein, Bernstein, hasn't, Nierman, Healy's, what's, Jackson Lee, Alwyn hasn't, Alwyn, Kevin Mazur, Aimee, aIMee, KIM, Kardashian, it's, John Mayer Organizations: BI, Service, Poets Department, Getty, Department, Swift, Rights Locations: New York City, London, Cincinnati , Ohio
Nearly two decades after the fast-casual salad chain Sweetgreen was founded, the company announced on Tuesday that it would introduce beef to its menu. According to Nicolas Jammet, a founder of Sweetgreen, the addition of a caramelized garlic steak option comes at a time when many Americans are trying to increase their protein intake and also as Sweetgreen is looking to attract more customers for dinner. The decision, however, leaves many questions about how the company, which has more than 225 locations, may accomplish its goal of carbon neutrality by 2027 when beef production is a significant factor in climate change. As the company’s website states, “Not only do we have a duty on a human level to do our part, but the business case for a great product that also protects the planet is clear.”Mr. Jammet said the company waited to introduce steak in part because it was challenging to prepare among other items in the restaurants, but also because Sweetgreen wanted to be intentional about how it sourced the beef.
Persons: Nicolas Jammet, , Mr, Jammet, Sweetgreen Organizations: Sweetgreen
The last six weeks have seen the long-simmering feud between the Compton, Calif.,-born rapper Kendrick Lamar and the Canadian rapper Drake turn into a full-fledged beef, with confrontations delivered in the form of diss tracks. But the squabble didn’t boil over until April 30, when Mr. Lamar released “Euphoria,” a six-and-a-half minute dressing down of the “Nice for What” rapper. On Friday, Drake replied to “Euphoria” and another track, “6:16 in L.A.,” with “Family Matters,” which has more than 15 million views on YouTube. Caught in the middle of this culture-consuming rivalry is New Ho King, an unassuming restaurant in Toronto’s Chinatown. The mention from Mr. Lamar, a Pulitzer Prize-winning rapper, led to a flood of five-star reviews on Yelp and Google for New Ho King, many of them written by people who had never set foot in the restaurant.
Persons: Kendrick Lamar, Drake, Lamar, Ho King, Mr Organizations: YouTube, New Ho, Google Locations: Compton, Calif, L.A, Ho, Chinatown, New, Toronto
Jack Dorsey was very active on X this weekend. During a posting frenzy, he announced that he has left the Bluesky board. 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 . This story is available exclusively to Business Insider subscribers.
Persons: Jack Dorsey, Dorsey, , Kendrick Lamar, Drake, Kenny, Julian Assange's, Stella Assange, Edward Snowden, Elon Musk, Bluesky, Drake's Organizations: Service, he's, Business
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