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☆ Elon Musk axed the entire Tesla Supercharger team after their division chief defied orders and said no to more layoffs
▼ + stars: | 2024-05-16 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Read previewTesla CEO Elon Musk made the snap decision to fire the entire Supercharger team after its division chief refused to make further layoffs happen, Reuters reported on Wednesday. The billionaire said in an email to staff on April 29 that he was dissolving the entire team behind Tesla's charging infrastructure, per The Information. AdvertisementRepresentatives for Tesla, Musk, and Tinucci didn't respond to Reuters' request for comment. The Tesla chief moved quickly to assuage concerns, and assured investors that Tesla's Supercharger network isn't going anywhere. A slowdown in the rollout of Tesla's charging infrastructure would thus be a setback for Biden's clean-energy agenda.

Persons: —, Elon Musk, Musk, Rebecca Tinucci, Tinucci, Tesla's, Tesla, Mercedes Benz, haven't, Aaron Luque, Joe Organizations: Service, Reuters, Bloomberg, Business, Tesla, The, Motors, Ford, Politico, BI

U.S. President Joe Biden delivers remarks while meeting with the Joint Chiefs and Combatant Commanders in the Cabinet Room of the White House May 15, 2024 in Washington, DC. WASHINGTON — President Joe Biden has asserted executive privilege over an audio recording of his interview with special counsel Robert Hur, the Republican federal prosecutor who declined to recommend charges against the president over his handling of classified documents. White House counsel Ed Siskel notified Reps. James Comer and Jim Jordan of the decision in a letter on Thursday. The decision came after Attorney General Merrick Garland recommended that Biden assert executive privilege. Biden defended his memory, and Garland later said it would be "absurd" for him to have tried to block Hur's language about the president's memory.

Persons: Joe Biden, Robert Hur, Ed Siskel, James Comer, Jim Jordan, General Merrick Garland, Biden, Carlos Felipe Uriarte, Garland, Hur, Donald Trump Organizations: Joint Chiefs, WASHINGTON, Republican, Department, House Judiciary, White, Republicans Locations: Washington , DC

☆ Opinion | Justices Speak, and Are Greeted With Dissent
▼ + stars: | 2024-05-16 | by ( ) www.nytimes.com time to read: +1 min

And yet, these are the facts: He accepted lavish gifts from powerful friends and failed to report them. His wife was indisputably involved in an attempt to stop the peaceful transfer of power from one president to the duly elected new one. Which Justice Thomas plainly detests when applied to minorities, because (I guess) he believes that it belittles the accomplishments of those who receive a helping hand. I’ve doubted Justice Thomas’s judgment in the past; now I doubt his advocacy skills in general. Because his arguments are self-pitying and unpersuasive.

Persons: Thomas, Clarence Thomas, Ginni, I’ve, Thomas’s Organizations: Ivy League

☆ Wayfair to open its first large store, as physical locations make a comeback
▼ + stars: | 2024-05-16 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +10 min

Wayfair follows other direct-to-consumer brands that have opened stores, including Warby Parker , Figs , Casper, Glossier and Everlane. In the early 2010s, new store openings largely outpaced closures, until the tide turned in 2017. Jeenah Moon | Bloomberg | Getty ImagesOther privately held direct-to-consumer brands have also expanded into retail stores, including bedding company Brooklinen, furniture store Burrow and apparel brands Everlane and Untuckit. High cost of entryIf direct-to-consumer brands could all open stores and suddenly boost sales and profitability, they'd all be doing it. Courtesy: WayfairSome direct-to-consumer brands have already been burned after they expanded too quickly and demand fell.

Persons: Niraj Shah, Wayfair, Warby Parker, Glossier, They're, Larry Cheng, It's, you'll, Liza Lefkowski, Shah, Coresight, John Mercer, Coresight's, Trina Spear, Spears, King, King of Prussia, Rebecca Fitts, Alvarez, Tolia, Allbirds, Al Drago Organizations: CNBC, Apple iOS, Companies, Walmart, Target, Joss, Discount, TJX, Bloomberg, Getty, Marsal, Washington , D.C Locations: Wilmette , Illinois, Chicago, Casper, Amazon, U.S, Coresight Research's, Burlington, Los Angeles, Philadelphia, King, King of Prussia , Pennsylvania, Georgetown, Washington ,

Stock Chart Icon Stock chart icon The Dow, all-timeThe average was created by Charles Dow in 1896 with just 12 industrial stocks. Paired with the Dow Jones Transportation Average , the two were collectively meant to offer a gauge for the broader economy. The sole caveat: No utility or transportation stocks are included, given the existence of the Dow Jones Utility Average and Transportation Average. 1972: Dow hits 1,000It may be hard to imagine given the recent achievement, but the Dow traded below 1,000 until the early 1970s. The Dow saw its worst year since 2008 in 2022, though 2023's rebound allowed the index to erase those losses.

Persons: Spencer Platt, Dow, Charles Dow, There's, Richard Nixon, Alcoa Esmark, Du Pont, Dow didn't, Walt Disney, Eastman Kodak Merck Alcoa ExxonMobil Phillip Morris, T General Motors Sears, Morgan, Phillip Morris, Walmart Du Pont J.P, Morgan Chase Walt, Donald Trump, General Electric Nike American Express Goldman Sachs, Morgan Chase, Johnson, Joe Biden, Trump, Goldman Sachs, Gamble Amgen, — Organizations: New York Stock Exchange, Getty, Dow Jones, Dow Jones Transportation, P Global, Dow, CNBC, General Foods, Harvester, Chevron, Procter, Gamble, Alcoa, Manville, ExxonMobil, Illinois Glass American Tobacco General Electric Procter, General Foods Sears Roebuck AT, T General Motors Texaco Bethlehem Steel, T General Motors Texaco Bethlehem Steel Goodyear Union Carbide Chevron Honeywell United Technologies Chrysler International Harvester US, Nickel Westinghouse Electric Eastman Kodak International, Woolworth, Oasis, Eastman Kodak Merck Alcoa ExxonMobil, Express General Electric Procter, Gamble AT, T General Motors, T General Motors Sears Roebuck Bethlehem Steel Goodyear Texaco Boeing Honeywell Union Carbide Caterpillar IBM United Technologies Chevron International, Walt Disney, Morgan Chase Westinghouse, Apple, Microsoft, Sears and Union Carbide, Eastman Kodak Johnson, Johnson Alcoa ExxonMobil, American Express General Electric Merck AT, T, Goodyear Procter & Gamble Caterpillar Hewlett, Packard Sears, Chevron Honeywell Union Carbide Citigroup IBM United Technologies, Walmart, Morgan Chase Walt Disney, Visa, Travelers, Nike, General Electric Nike American Express, General Electric Nike American Express Goldman Sachs Pfizer Apple Home Depot Procter, Gamble Boeing IBM Travelers Caterpillar Intel United Technologies Chevron, Morgan Chase UnitedHealth, Cisco Systems Johnson, Johnson Verizon, Cola McDonald’s, Du Pont Merck Walmart ExxonMobil Microsoft Corporation Walt Disney, Exxon Mobil, Walgreens Boots Alliance, Goldman Sachs Nike American Express Home Depot Procter, Gamble Amgen Honeywell, Apple Intel Travelers Cos Boeing IBM, Caterpillar Johnson, Johnson Verizon Chevron, Cisco Systems, Walgreens, Alliance Coca Cola Merck Walmart Dow Microsoft Walt Disney Locations: New York City, T General Motors Texaco Bethlehem Steel Goodyear, America

☆ What you need to know about skin cancer and how to prevent it, according to a doctor
▼ + stars: | 2024-05-16 | by ( Katia Hetter | ) edition.cnn.com time to read: +8 min

CNN —Skin cancer is by far the most common form of cancer in the United States, according to the American Cancer Society. As we head into summer, what do we need to know about the chance of developing skin cancer? In addition, those who are at increased risk for skin cancer should ask a dermatologist if they should receive regular skin exams. These include personal or family history of skin cancer, history of precancerous lesions such as actinic keratoses, certain genetic disorders such as xeroderma pigmentosum and history of immunosuppression. And it’s not only people who are fair-skinned who can have skin cancer; individuals of all colors, including those with brown and Black skin, can develop skin cancer.

Persons: Leana Wen, Wen, Anastasiia Organizations: CNN, American Cancer Society, Northern, George Washington University, Getty, Preventive Services Task Force, immunosuppression Locations: United States

☆ How Google CEO Sundar Pichai shook up his leadership team for the AI era
▼ + stars: | 2024-05-16 | by ( Hugh Langley | ) www.businessinsider.com time to read: +11 min

It came almost 12 months after Google combined two key AI groups, DeepMind and Google Brain. Google's AI MVPGoogle DeepMind CEO Demis Hassabis GoogleDemis Hassabis might be the most important person at Google right now. Then, in April last year, Pichai announced he would merge DeepMind with Google's in-house AI unit, known as Brain, into a supergroup named Google DeepMind. Reid reports directly to Raghavan, the ads and search senior vice president, and is shepherding a dramatic transition of Google Search. Fears of chatbots eating into Google's search dominance have yet to be realized, giving Google time to reinvent its most hallowed product.

Persons: —, Sundar Pichai, Pichai, Susan Wojcicki, Demis, Hassabis, Larry Page, DeepMind, OpenAI, it's, accrues, ED JONES, Rick Osterloh, Sameer Samat, he'll, Hiroshi Lockheimer, Osterloh, Prabhakar Raghavan, Siri, Tim Cook, Hiroshi, SAJJAD HUSSAIN, Liz Reid, Reid, Raghavan, Pandu Nayak, Venkatachary, It's, chatbots, Bernstein, Mark Shmulik Organizations: Service, Google, Business, Google's, BI, Research, Hassabis, Android, Apple, Apple's Vision, CNBC, Google Local Locations: Raxium

☆ How one rising Miami VC raised more money for his first fund. Other emerging investors haven't been so lucky.
▼ + stars: | 2024-05-16 | by ( Vishal Persaud | ) www.businessinsider.com time to read: +7 min

Evans is the founder of Exceptional Capital, which launched in 2022 among the many emerging VC firms that sprouted during the fundraising boom years. Before pursuing a life in venture capital and tech, Evans hoped to make it to the NFL as a linebacker at the University of Michigan. And then in 2022, Evans decided to launch Exceptional Capital and invest as a solo VC. Exceptional CapitalBecause he's been able to increase the size of his fund, Evans has been able to expand his team. "I could see that for Marell as well, just his work with Exceptional Capital and kind of his determination there."

Persons: —, Marell Evans, Evans, he's, Dave Brandon, Brandon, Ben Horowitz, Andreessen Horowitz, Horowitz, A16z, Okta, Owen Van Natta, Hustling, Melissa Morano Aurigemma, Graham Stoddard, Andrew Van Nest, I've, Cody Coleman, Coleman, what's Organizations: Service, Exceptional, Business, NFL, University of Michigan, NCAA, IBM, Facebook, Vision, SV Angel, A16z, Exceptional Capital Locations: Miami, Michigan, San Francisco, Okta, Silicon Valley, SoftBank, —, Bessemer

☆ After Outcry, Concertgebouw Will Allow Jerusalem Quartet to Perform
▼ + stars: | 2024-05-16 | by ( Javier C. Hernández | More About Javier C. Hernández | ) www.nytimes.com time to read: +1 min

The Concertgebouw in Amsterdam, one of the world’s most prestigious concert halls, said Thursday that it would allow the Jerusalem Quartet to perform, two days after it had canceled the ensemble’s concerts amid security concerns related to threatened protests. The Concertgebouw said in a statement that the Jerusalem Quartet would be allowed to perform on Saturday after all, with expanded security measures and a more robust police presence. The ensemble had originally been scheduled to perform on Thursday and Saturday, but the Concertgebouw canceled the engagement, saying it could not ensure the safety of audience members, musicians and employees because of the threat of protests related to the Israel-Gaza war. Simon Reinink, general manager of the Concertgebouw, said in an interview that the hall had reversed course after securing commitments from the police. We were forced to crack the dilemma of security on the one hand and freedom on the other.”

Persons: Simon Reinink, ” Organizations: Concertgebouw, Quartet Locations: Amsterdam, Jerusalem, Israel, Gaza

☆ Pennsylvania man charged with threatening Biden in online video
▼ + stars: | 2024-05-16 | by ( Casey Gannon | ) edition.cnn.com time to read: +1 min

CNN —A Pennsylvania man was indicted by a federal grand jury for allegedly threatening to kill President Joe Biden and his Cabinet in a video posted online. Jordan Gee, 37, of Nanticoke, Pennsylvania, was charged with three felony counts of threats against the president and one count of interstate threats, according to the Justice Department. Prosecutors allege that Gee posted several videos online following Biden’s visit to Scranton, Pennsylvania, in April for a campaign event. His arraignment is set for May 29 in Wilkes-Barre, Pennsylvania. Threats against elected officials have been a top concern for US security officials as the 2024 general election approaches.

Persons: Joe Biden, Jordan Gee, Gee, “ Joe Biden, I’m, ” Gee Organizations: CNN, Justice Department, Prosecutors, US Capitol Police Locations: Nanticoke , Pennsylvania, Scranton , Pennsylvania, Wilkes, Barre , Pennsylvania

☆ Opinion | Lets Chill Out About Apostrophes
▼ + stars: | 2024-05-16 | by ( John Mcwhorter | ) www.nytimes.com time to read: +1 min

The North Yorkshire Council in England has been in the hot seat recently for its changes to street signs — not because of anything on them, but rather because of something left off. One street in the town of Harrogate was rendered as St. Marys Walk. St. Marys Walk was just the beginning. It turns out the county plans to phase out apostrophes on all street signs, in part “to prevent complications while searching on databases,” an official told my Times colleague Jenny Gross. How many people would really miss the connection between St. Marys Walk and St. Mary’s Church?

Persons: Mary’s, Jenny Gross, don’t Organizations: North Yorkshire Council, Marys Locations: England, Harrogate, St, Marys, Mary’s

☆ Key House panels set to advance contempt proceedings against Garland over Biden audio files
▼ + stars: | 2024-05-16 | by ( Annie Grayer | ) edition.cnn.com time to read: +5 min

CNN —House Republicans will take their first step towards holding Attorney General Merrick Garland in contempt of Congress on Thursday for refusing to turn over the audio recordings of special counsel Robert Hur’s interviews with President Joe Biden. The House Oversight and Judiciary committees will each hold markups on their respective reports recommending a contempt of Congress resolution against Garland for failing to comply with a congressional subpoena. If passed out of the committees, the resolutions would next go to the House floor for a vote by the whole chamber. While Hur’s probe led to no charges against the president, Republicans have seized on Hur’s description of Biden as a “well-meaning, elderly man with a poor memory” in his final report. DOJ has also outlined distinct privacy concerns related to an audio recording of an interview compared to a written transcript, and how the release of such an audio file could dissuade cooperation from future witnesses in criminal investigations.

Persons: General Merrick Garland, Robert Hur’s, Joe Biden, Garland, Hur, Biden, Mark Zwonitzer, Carlos Uriarte, ” Uriarte, “, , Donald Trump Organizations: CNN — House Republicans, of Justice, Republicans, CNN, DOJ, House Republicans, Republican, ” Republicans Locations: New York City

☆ Meta’s Facebook and Instagram probed over fears they may be too addictive for children
▼ + stars: | 2024-05-16 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —The European Union is worried that Meta is failing to protect children on its platforms, Facebook and Instagram, and has launched a formal investigation that could result in a hefty fine. The probe is the latest evidence that regulators are increasingly focussing on the harmful impact of Meta’s platforms — and other social media — on young users, including by encouraging addictive behavior. The European Commission, the EU’s executive arm, will consider whether Meta (META) has complied with its obligations under the Digital Services Act (DSA), the bloc’s sweeping new law for online platforms. The legislation requires online platforms to put in place measures to protect children, including by preventing them from accessing inappropriate content and ensuring a high level of privacy and safety. The European Commission is concerned that Facebook’s and Instagram’s online interfaces “may exploit the weaknesses and inexperience of minors and cause addictive behavior,” it said in a statement Thursday.

Persons: Meta, Thierry Breton, ” Meta Organizations: London CNN, Facebook, European Commission, Digital Services, European, Meta, CNN, New Locations: New Mexico, Gaza

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow the U.S. spends trillions being the world's 'top cop'President Joe Biden signed a $95 billion military aid package in April 2024, including funds for Ukraine and Israel. Military spending often bolsters the U.S. defense industry. The five largest U.S. defense companies, Lockheed Martin, RTX, General Dynamics, Boeing and Northrop Grumman, had Department of Defense contracts totaling more than $118 billion in fiscal year 2022. Watch this video to learn more about where the U.S. sends military aid and personnel and the global impact of defense spending.

Persons: Joe Biden, Lockheed Martin, RTX, Northrop Grumman Organizations: Military, U.S, Lockheed, Dynamics, Boeing, Northrop, of Defense Locations: U.S, Ukraine, Israel

☆ Royal Mail: Meet Czech billionaire Daniel Křetínský who wants to buy Britain’s postal service
▼ + stars: | 2024-05-16 | by ( Anna Cooban | ) edition.cnn.com time to read: +5 min

It has been operating a postal service in England since the reign of Henry VIII. EP Group has until May 29 to convert its £3.5 billion ($4.4 billion) non-biding offer into a formal bid for IDS. The likely sale would come after a difficult few years for Royal Mail, which was privatized in 2013. ‘As British as it gets’The potential buyout of Royal Mail has stirred anxieties about the consequences of the iconic British institution coming under foreign ownership. “Royal Mail is an important national asset that would benefit from being able to take a longer-term view,” the firm said.

Persons: Henry VIII, Daniel Křetínský, Křetínský, Patrik Tkáč, Rishi Sunak, Kemi Badenoch, Dave Ward, ”, ” Ward, Jonathan Reynolds, ” Ivana Kottasová Organizations: London CNN — Royal Mail, Distribution Services, IDS, Royal Mail, UK Department for Business, Trade, CNN, Bloomberg, Equity Investment, Newsweek, West Ham United Football Club, Reuters, Communication Workers Union, Labour Party, Royal, Labour Locations: England, Czech, British, United States, FNAC, France, United Kingdom, West

☆ Middle East Crisis Temporary Pier Is Anchored in Gaza to Deliver Aid, U.S. Military Says
▼ + stars: | 2024-05-16 | by ( Victoria Kim | ) www.nytimes.com time to read: +4 min

U.S. officials had said last week that the floating pier and causeway had been completed, but that weather conditions had delayed their installation. An American ship loaded with humanitarian aid, the Sagamore, set off for Gaza from Cyprus last week, and the aid was loaded onto a smaller vessel that had been waiting for the pier to be installed. Aid groups say the devastation in Gaza after seven months of Israeli bombardment, strict Israeli inspections and restrictions on crossing points are limiting the amount of aid that can enter Gaza. The Pentagon has said that the pier could help deliver as many as two million meals a day. An aid group, World Central Kitchen, built a makeshift jetty in mid-March to deliver aid by sea to Gaza for the first time in nearly two decades.

Persons: Charles Q, Brown, “ It’ll, ”, “, that’s, Nadav Shoshani, Dan Dieckhaus, Rawan Sheikh Ahmad, Helene Cooper Organizations: U.S, Israel, U.S . Central Command, United Nations, Central Command, U.S ., Pentagon, Joint Chiefs, Staff, NATO, Israeli Navy, Division, Food, U.S . Agency for International Development Locations: Rafah, Israel, Gaza, An American, Cyprus, Brussels, Kerem

☆ An AI-powered adtech startup wants to automate the busy work in ad operations. Read the pitch deck it used to raise $3 million.
▼ + stars: | 2024-05-16 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Thousands of ad operations professionals log in daily to several different adtech platforms, setting campaigns live, tinkering with budgets and targeting, and producing reports. AdvertisementThe no-code platform allows users to use natural-language prompts to configure different "autopilots" across the various platforms they use. An ad-operations professional at a streaming company might use PilotDesk to automate tasks related to managing orders, campaign tracking, and post-campaign reporting. Check out the key slides from the pitch deck that helped PilotDesk secure $3 million in seed funding.

Persons: —, PilotDesk, Joe Hirsch, Hirsch, Phil Herget, Herget Organizations: Service, Business, Google, Labor, Ardent Venture Partners, Roster Capital, Ardent

☆ Help! Our Cruise Operator Went Bankrupt and We Are Out $17,905.
▼ + stars: | 2024-05-16 | by ( Seth Kugel | ) www.nytimes.com time to read: +3 min

Dear Tripped Up,In September 2022, I booked a 17-day Arabian Sea cruise through Vantage Travel Services to celebrate my 80th birthday with my wife. I used my credit card to leave a $2,000 deposit and paid the remaining $17,905 shortly afterward by bank transfer. I also bought the Worldwide Trip Protector plan from Travel Insured International (for $1,954), in part because it covered financial default and bankruptcy of cruise lines. My credit card returned the $2,000, and I filed an insurance claim for $17,905. For nearly five months, Travel Insured International and its parent company, Crum & Forster, did not respond to my detailed inquiries.

Persons: Michael, Forster, Amy Whilldin, ” Organizations: Vantage Travel Services, Travel, Vantage, New York State Department of Financial Services, Crum, New York Department of Financial Services, New York Locations: Smithtown, Boston, New York, Pennsylvania, New York State

☆ Democrats Aim for a Breakthrough for Black Women in the Senate
▼ + stars: | 2024-05-16 | by ( Jonathan Weisman | ) www.nytimes.com time to read: +1 min

Carol Moseley Braun, one of only two Black women to have been elected to the Senate in U.S. history, was in Paris on Wednesday when she was informed that another Black woman, Angela Alsobrooks, had won the Democratic nomination for an open Senate seat in Maryland. “That’s wonderful.”With Ms. Alsobrooks’s come-from-behind victory in Tuesday’s primary, voters in November will most likely have the chance to double the number of Black women ever elected to the Senate. Another Democrat, Representative Lisa Blunt Rochester, is the odds-on favorite to win her party’s nomination in September for an open Senate seat in heavily Democratic Delaware. If both win in November, for the first time, two Black women will serve in Congress’s upper chamber at the same time. Representative Barbara Lee, a seasoned political veteran and an antiwar icon, received barely a glance from the party apparatus this year when she ran for an open Senate seat in California.

Persons: Carol Moseley Braun, Angela Alsobrooks, ”, “, Alsobrooks’s, Lisa Blunt Rochester, “ It’s, Moseley Braun, Kamala Harris, Laphonza Butler, Barbara Lee Organizations: Senate, Democratic, “, Democrat, United States African Development Foundation, Democratic Party Locations: Paris, Maryland, Tuesday’s, Democratic Delaware, Illinois, California

Sergey Dolzhenko/EPA-EFE/ShutterstockUkrainian President Volodymyr Zelensky, NATO’s Jens Stoltenberg and other European leaders are condemning the attack on Slovak Prime Minister Robert Fico on Wednesday. NATO Secretary General Jens Stoltenberg: "Shocked and appalled by the shooting of Prime Minister Robert Fico. My thoughts are with PM Fico, his family,” she said on X.Ukrainian President Volodymyr Zelensky: "The attack on Slovakia’s Prime Minister Robert Fico is appalling. Italian Prime Minister Giorgia Meloni: "I learned with deep shock the news of the cowardly attack on Slovak Prime Minister Robert Fico. Spanish Prime Minister Pedro Sanchez: “Horrified and outraged at the attack on the Slovak Prime Minister.

Persons: Volodymyr Zelensky, Zuzana Caputova, Sergey Dolzhenko, NATO’s Jens Stoltenberg, Robert Fico, Jens Stoltenberg, Ursula von der, “, Fico, ”, state's, Zelensky, Viktor Orban, ” Orban, Giorgia, Pedro Sanchez, ” Sanchez Organizations: Slovak, NATO, European, Slovakia’s, Spanish, Slovak Prime Locations: Kyiv, Ukraine, Slovakia, Hungarian, Spain

☆ Wednesday’s rapid fire: Nextracker, Boeing, Toll Brothers, Dell Technologies and General Mills
▼ + stars: | 2024-05-15 | 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 EmailWednesday’s rapid fire: Nextracker, Boeing, Toll Brothers, Dell Technologies and General MillsCNBC’s Jim Cramer on Wednesday weighed in on a number of stocks moving outside the Investing Club portfolio including Dell Technologies and Nextracker.

Persons: Mills CNBC’s Jim Cramer Organizations: Boeing, Toll, Dell Technologies

☆ Singapore’s Lawrence Wong sworn in as new prime minister — the first leadership change in 20 years
▼ + stars: | 2024-05-15 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +3 min

Lawrence Wong was sworn in on May 15 as Singapore's new prime minister, after Lee Hsien Loong stepped down following two decades in office. Edgar Su | Afp | Getty ImagesSINGAPORE — Singapore's Lawrence Wong was inaugurated as the city-state's fourth prime minister on Wednesday, taking over from former prime minister Lee Hsien Loong, who has led Singapore for 20 years. Trade and industry minister Gan Kim Yong will be promoted to deputy prime minister and work alongside current DPM Heng Swee Keat. Lee, the eldest son of Singapore's founding Prime Minister Lee Kuan Yew, announced last month he will hand over power to the new prime minister in mid-May. Wong also served as principal private secretary to then prime minister Lee Hsien Loong from 2005 to 2008.

Persons: Lawrence Wong, Lee Hsien Loong, Edgar Su, Singapore's Lawrence Wong, Lee, Gan Kim Yong, Heng, Kim Yong, Swee Keat, Wong, Gan, Ong Ye Kung, helming, Singapore's, Lee Kuan Yew Organizations: Afp, Getty, SINGAPORE, Trade, Monetary Authority of, Party Locations: Singapore, Monetary Authority of Singapore, Gan

☆ Air Force asks for new charges against airman who leaked classified intel on Discord
▼ + stars: | 2024-05-15 | by ( Oren Liebermann | ) edition.cnn.com time to read: +2 min

CNN —US Air Force prosecutors have asked for new charges against the Massachusetts Air National guardsman who pleaded guilty in federal court earlier this year to leaking highly classified intelligence reports and other documents on social media, according to the Air Force. During a hearing at Hanscom Air Force Base in Massachusetts on Tuesday, Air Force prosecutors asked a hearing officer to recommend charges of disobeying an order and obstructing justice against Jack Teixeira under the Uniform Code of Military Justice. CNN reported earlier this month that the Air Force would pursue separate charges under the UCMJ. Teixeira was represented by three military defense counsel, including one of the chief district defense counsels for the Air Force, a spokesperson for the Air Force said. The hearing officer will then make a recommendation on whether to move forward with the recommended charges or change them in some way.

Persons: Jack Teixeira, Military Justice . Teixeira, Teixiera, Teixeira, ”, Daniel DeVoe, CNN’s Kaanita Iyer Organizations: CNN, US Air Force, Massachusetts Air National, Air Force, Hanscom Air Force Base, Military Justice, Prosecutors, Department of Justice, ”, Martial Locations: Massachusetts, Russia, Ukraine, States

☆ Think corporate greed is the leading cause of inflation? Think again
▼ + stars: | 2024-05-15 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

New York CNN —Some progressives have frequently blamed corporate greed for fueling the high cost of living that Americans are fed up with. That’s corporate greed. That’s corporate greed. Although the paper did not directly mention corporate greed, shrinkflation or Biden, the research undercuts the argument that greedflation drove the early inflation. That report found corporate profits were to blame for 34% of inflation since the start of Covid-19.

Persons: Sen, Elizabeth Warren, ” Warren, “ That’s, It’s, —, ”, Joe Biden, ” Biden, CNN’s Erin Burnett, Biden, – we’re, shrinkflation, greedflation, Jeremy Edwards, ” Edwards, “, –, Greg Valliere, ” Valliere, Jerome Powell, Caroline Ciccone, profiteer Organizations: New, New York CNN, Federal Reserve Bank of San Francisco, Fed, SF Fed, ”, CNN, White, AGF Investments, Federal Reserve, Federal, Federal Reserve Bank of Kansas City Locations: New York, America, Kansas

☆ Seeking History in Maryland, and Zombie Campaigns Linger: Primary Takeaways
▼ + stars: | 2024-05-15 | by ( Jonathan Weisman | ) www.nytimes.com time to read: +1 min

And what about those zombie campaigns in both parties’ presidential races? Nikki Haley had a pretty good night for a candidate who long ago dropped her campaign for the Republican presidential nomination. Here are four takeaways:In Maryland, a potential history maker beats the money. In a showdown between money and history, history won. Democrats initially were happy to have Mr. Trone as their nominee, knowing they wouldn’t have to spend a dime for him in the general election.

Persons: Nikki Haley, David Trone, Angela Alsobrooks, Ben Cardin, Larry Hogan, Trone Organizations: Republican, Democratic, Maryland Locations: Maryland, West Virginia, Nebraska

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