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☆ Lauterbrunnen: Swiss village overwhelmed by tourists wants to charge visitors for entry
▼ + stars: | 2024-05-20 | by ( Amarachi Orie | ) edition.cnn.com time to read: +2 min

CNN —As Venice continues to trial its entry fee for day trippers, a popular village in the Swiss Alps is looking to follow its lead. One idea being mulled over is the introduction of an entry free for some visitors, Swiss Info reported Thursday, citing local newspaper Berner Zeitung. The first day of the Venice entry charge on April 25 was met with protests by some locals who felt their home was being turned into a theme park. The famous city, which is at the global forefront of the move to charge day trippers specifically, will continue to pilot it until July 14. The valley of Lauterbrunnen is home to numerous attractions, including Staubbach Falls, one of Europe’s highest unbroken waterfalls at 270 meters.

Persons: Karl Näpflin Organizations: CNN, Swiss, Berner Zeitung, ” Locations: Venice, Swiss, Lauterbrunnen, Bernese, Staubbach

☆ Russia’s War Machine Revs Up as the West’s Plan to Cap Oil Revenues Sputters
▼ + stars: | 2024-05-20 | by ( Alan Rappeport | ) www.nytimes.com time to read: +1 min

Energy prices have been relatively stable across the world, including in the United States, which helped devise the plan. But Russia’s war effort in Ukraine is intensifying, making it increasingly clear that efforts by Western allies to squeeze Moscow’s oil revenues are faltering. A variety of factors have allowed Russia to continue profiting from strong oil revenue, including lenient enforcement of the price cap. Russia’s development of an extensive “shadow” fleet of tankers has allowed it to largely circumvent that policy. That has allowed the Russian economy to be more resilient than expected, raising questions about the effectiveness of the coordinated sanctions campaign employed by the G7.

Persons: Biden Organizations: Energy Locations: States, United States, Ukraine, Russia

☆ Flying a helicopter in fog can be a recipe for disaster — Kobe Bryant and now Iran's president add to a string of deaths
▼ + stars: | 2024-05-20 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +1 min

Iranian President Ebrahim Raisi died in a helicopter crash on Sunday in foggy conditions. Kobe Bryant and other officials have died in helicopter and plane crashes after flying in heavy fog. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFlying a helicopter in fog can be a recipe for disaster, with Kobe Bryant and now Iran's president adding to a string of deaths. Iranian President Ebrahim Raisi and his entourage died after his plane crashed on Sunday in a remote and mountainous area of north-west Iran.

Persons: Ebrahim Raisi, Kobe Bryant, — Organizations: Service, Kobe, Business Locations: Iran, Azerbaijan's, Iran's East Azerbaijan, Al Jazeera

☆ Will Restaurants CEO: Costs are going up, and people are thinking twice about going out
▼ + stars: | 2024-05-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWill Restaurants CEO: Costs are going up, and people are thinking twice about going outBrian Will, Will Restaurants Investment Group founder and CEO, joins 'Squawk Box' to discuss the overall rise of food costs, why the company's revenues have fallen, and more.

Persons: Brian Will Organizations: Will, Will Restaurants Investment

☆ Why Michael Dell's latest prediction about AI PCs is great news for Best Buy
▼ + stars: | 2024-05-20 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

AI PCs: We've been talking for months about how the launch of new AI PCs from the likes of HP and Dell and a specialized generative AI keyboard button from Microsoft will start a new PC refresh cycle later this year. We're now seeing a ton of news about AI PCs from Microsoft and Dell. In an interview, Michael Dell told Bloomberg News that AI PCs will be delivered "in volume" this year and will be "pretty standard" by 2025. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, We're, Michael Dell, Jim, Jim Cramer's, Andrew Kelly Organizations: CNBC, Dow Jones, Nvidia, Broadcom, HP, Dell, Microsoft, Bloomberg News, Palo Alto Networks, Keysight Technologies, Home, Jim Cramer's Charitable Locations: Manhattan , New York City

☆ Opinion | Occupation Has Corrupted the Humanity of Israel’s Military
▼ + stars: | 2024-05-20 | by ( Avner Gvaryahu | ) www.nytimes.com time to read: +1 min

Israel’s military has brought utter devastation to the Palestinians of Gaza after the attack by Hamas on Oct. 7. It is also a product of the decades-long role the military has played in enforcing Israeli occupation of Palestinian territories. Israel has governed a people denied basic human rights and the rule of law through constant coercion, threats and intimidation. I know this through the numerous testimonies collected by my organization, Breaking the Silence, which was formed in 2004 by a group of Israeli veterans to expose the reality of Israel’s military occupation. We know firsthand and from thousands of soldiers that military occupation is imposed on civilians through fear, which is instilled by the growing and often arbitrary use of force.

Organizations: Israel Defense Forces Locations: Gaza, Israel

☆ N.Y.C. Parents Rebuked for Questioning Transgender Student-Athlete Rules
▼ + stars: | 2024-05-20 | by ( Troy Closson | ) www.nytimes.com time to read: +1 min

This spring, a group of elected parent leaders in New York asked the city to review education department rules allowing transgender students to play on sports teams that align with their gender identity. The parent council — representing the diverse local District 2 that weaves through the West Village, Hell’s Kitchen and the Upper East Side — said that the current policies present “challenges to youth athletes and coaches” and fail to consider the “well-being of girls.”The schools chancellor, David C. Banks, called the proposal “despicable” and “no way in line with our values.”Democratic officials also have responded to the parent council swiftly, and angrily. In a letter made public on Monday, a coalition of 18 Democratic elected officials from New York called the proposal “hateful, discriminatory and actively harmful” to the city’s children. As officials in more conservative jurisdictions move to bar or restrict transgender athletes from competing, the resolution and ensuing backlash in New York illustrate how charged the issue is in one of the most heavily Democratic cities in the country.

Persons: ”, David C, Banks Organizations: Democratic Locations: New York

☆ Jamie Dimon says a BofA banker's untimely death sparked questions inside JPMorgan: 'What can we learn?'
▼ + stars: | 2024-05-20 | by ( Reed Alexander | ) www.businessinsider.com time to read: +5 min

At the time, Dimon said, the priority was to understand "what we do know, what can we learn from it." Dimon's comments come as the investment-banking industry grapples with the surprising deaths of not one but two deaths at BofA this month. "We're aware of these stories, and they are tragic and incredibly sad," Rohrbaugh continued, calling it the "job" of bank leaders to look after employees' health on the job. AdvertisementCurrent and former employees at BofA told Business Insider that 100-hour workweeks were not unusual at the bank. Earlier this month, a BofA spokesperson told BI of Lukenas' passing: "We are very saddened by the loss of our teammate.

Persons: Jamie Dimon, JPMorgan Chase, Leo Lukenas III, Robin Leopold, Dimon, Troy Rohrbaugh, Rohrbaugh, Lukenas, headhunter Douglas Walters, Adnan Deumic, cardigan, Reed Alexander Organizations: Service, JPMorgan, Bank of America, Business, New York, Medical, BofA, Reuters, GrayFox, Bloomberg, Wall Locations: America's, BofA, London

☆ Supreme Court refuses to hear case from parents who objected to school’s transgender support plans in DC suburbs
▼ + stars: | 2024-05-20 | by ( John Fritze | ) edition.cnn.com time to read: +2 min

CNN —The Supreme Court on Monday declined to review an appeal from a group of parents who claimed their suburban Washington-area school district was hiding transgender support plans involving their children. It’s the latest in a series of cases where the high court has dodged the issue of transgender rights at school – often leaving in place lower court rulings that sided with trans students. The appeals court said that the parents had not established that they were injured in a way that allowed them to sue. Three years ago, the Supreme Court declined to take up an appeal from a Virginia school district about whether schools may ban transgender students from using a bathroom that reflects their gender identity. Last year, the court denied West Virginia’s request to let it enforce a state law that bans transgender women and girls from participating on public school sports teams.

Persons: “, ”, West Organizations: CNN, Montgomery Country Locations: Washington, Maryland, Maine, California, Virginia

The Justice Department described the organization as a criminal enterprise and linked the New York chapter to the Gambino crime family. Mr. Zito later left the biker group to try to become a movie star in Hollywood. Mr. Trump has long shown an affection for macho bikers, and addressed a rally of them in Washington in 2016 before the election. A group called Bikers for Trump took part in several so-called Stop the Steal rallies after Mr. Trump lost the 2020 election. Mr. Zito was joined in the courtroom on Monday by several Trump allies who have been charged with crimes.

Persons: Donald J, Trump, Chuck Zito, Gambino, Zito, ”, Mr Organizations: New York Nomads, Hells Angels, The Justice Department, Trump Locations: Manhattan, New York City, California, York, Hollywood, Washington

☆ Saudi Arabia’s biggest-ever plane order isn’t going to Boeing
▼ + stars: | 2024-05-20 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN —Saudi Arabia’s national airline has placed an order for 105 Airbus airplanes in the largest-ever deal in the country’s aviation history — another win for troubled Boeing’s European rival. Saudia Group’s current fleet comprises 93 Airbus and 51 Boeing aircraft, according to its website. Al-Omar did not specify whether it was the number of airplanes ordered or the total value of the order that made it Saudi Arabia’s biggest-ever aviation deal. When asked by CNN about that, as well as the value of the deal, Saudia Group did not respond, while Airbus declined to comment. Despite having a backlog of orders amounting to more 5,600 commercial jets, worth $529 billion, Boeing cannot make planes quickly enough each year to turn a profit as it’s working to address its quality issues.

Persons: Ibrahim Al, Omar, ”, “ Saudia, ” Al Organizations: London CNN, Saudi Arabia’s, Saudia Group, Saudia, Future Aviation, Airbus, Boeing, CNN, Future Aviation Forum, Saudi, National Tourism Strategy, Max Locations: Saudi, Riyadh

☆ These home remodeling projects offer the highest return on investment in history, report finds
▼ + stars: | 2024-05-20 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

And when it comes to the return on investment, some projects now offer the highest return values in history — with a few home upgrades averaging returns of nearly 200% for the first time ever — according to the 2024 Cost vs. Value report from Zonda Media, a housing market research and analytics firm. Garage door replacements offered the highest average return at 194%, followed by upgrading to a steel front door, with a 188% return on investment — both worth nearly double what they were last year, the report found. Curb appeal is keyForget a designer chef's kitchen, the projects offering the greatest returns in resale value are mostly related to curb appeal rather than more glamorous kitchen and bath remodels, according to Zonda's report. In fact, nine out of the top 10 projects with the highest return on investment were exterior improvement projects, the report found. Only three projects on Zonda's list can typically deliver even a 100% return on investment, including replacing the garage doors, upgrading to a steel front door and installing a stone veneer.

Persons: Clay DeKorne, Zonda's, DeKorne, Angelica Ferguson VonDrak, Todd Tomalak, Tomalak Organizations: Zonda Media, Finance, Photodisc, Getty Locations: Rhinebeck , New York

☆ Utility stocks are on a tear as an 'energy transition supercycle' lifts the entire sector
▼ + stars: | 2024-05-20 | by ( Spencer Kimball | ) www.cnbc.com time to read: +5 min

Vistra Corp. has doubled over that period, while Constellation Energy is up nearly 62% and NextEra Energy has surged 34%. "This is not your old utility, where you just get a dividend and you're happy," Shahriar Pourreza, managing director of energy, power and utilities at Guggenheim Partners, told CNBC. The sector was oversold coming into 2024, with the market going too far in pricing in the impact of interest rates, Pourreza said. Power companies with deregulated assets are able to respond to market conditions more quickly than traditional utilities, he said. The tech sector is looking for clean energy to power data centers as they are simultaneously trying to limit their carbon footprints.

Persons: Pourreza, Jerome Powell, Goldman Sachs, Stephanie Link, CNBC's, Paul Hickey, Vistra, NextEra Organizations: Utilities, Vistra Corp, Constellation Energy, NextEra Energy, Guggenheim Partners, CNBC, Federal Reserve, Investors, HighTower Advisors, Investment Group, Constellation, Services, Microsoft Locations: It's, U.S, Wells

☆ Amal Clooney supports ICC’s decision to seek arrest warrants against Israeli and Hamas leaders
▼ + stars: | 2024-05-20 | by ( Tara John | ) edition.cnn.com time to read: +4 min

CNN —Human rights attorney Amal Clooney is among a group of legal experts who advised the International Criminal Court (ICC) prosecutor to seek arrest warrants against the top leaders of Israel and Hamas. The panel was convened by the ICC prosecutor Karim Khan and tasked to review the evidence and legal analysis underpinning his application for warrants against three Hamas leaders and two Israeli politicians, including Prime Minister Benjamin Netanyahu. It issued a detailed legal report on Monday, which said the panel found “reasonable grounds to believe” that the individuals named in the arrest warrants have committed war crimes or crimes against humanity. Clooney, who has represented victims of mass atrocities, faced online criticism prior to her announcement for not speaking about Israel’s siege on Gaza. In a statement shared on her Clooney Foundation for Justice website on Monday, she explained how she had found herself advising Khan.

Persons: Amal Clooney, Karim Khan, Benjamin Netanyahu, Clooney, Khan, “, ” Clooney, Theodor Meron, Lord Justice Fulford, Yahya Sinwar, Mohammed Deif, Ismail Haniyeh, ”, ” Netanyahu, Yoav Gallant, Netanyahu, Biden, Joe Biden, George Clooney, ” CNN’s Ivana Kottasová Organizations: CNN, Criminal Court, ICC, Hamas, Clooney Foundation, Justice, Criminal, Lord, Palestinian, Israeli, West Bank, Doughty Street Chambers, Columbia Law School, Clooney Foundation for Justice, ISIS Locations: Israel, Gaza, Yugoslavia, United States, East Jerusalem, London, Darfur

☆ Didi co-founder Liu steps down after decade at the helm of Chinese ride-hailing company
▼ + stars: | 2024-05-20 | by ( ) www.cnbc.com time to read: +2 min

Didi Global, the Chinese ride-hailing company, must face a lawsuit in a U.S. court claiming it defrauded investors by concealing and disobeying a Chinese government order to postpone its 2021 initial public offering until it resolved cybersecurity and privacy concerns. Didi Global 's co-founder Jean Liu has stepped down from her roles as president and board director of China's biggest ride-hailing firm to take on a new role, according to an internal company memo. Didi, which is seen as China's answer to Uber but has faced prolonged regulatory scrutiny, will no longer have a position of president, it said in the memo seen by Reuters. The company was penalized with a $1.2 billion fine in July 2022 over data security violations. Didi began to recover from its regulatory challenges in early 2023 when it received permission to relaunch its apps.

Persons: Didi Global, Jean Liu, Didi, Liu, Goldman Sachs, Will Cheng, Liu Chuanzhi Organizations: Reuters, Lenovo, Alibaba, Uber, Apple, U.S Locations: U.S, China

☆ Cramer says activist interest in Johnson Controls is 'a gimme,' but worries about a steel stock
▼ + stars: | 2024-05-20 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +2 min

Johnson Controls : Activist investor Elliott has built a more than $1 billion stake in the HVAC control firm, Bloomberg News reported. "The stock is up 22% [year to date], but it has lagged Trane . "It was just a mistake [to have an underweight rating on the stock]," Cramer said, adding later: "From 1995 on, you have to understand the moment inventories are lean, you've got to buy. Steel stocks: Analysts at Jefferies initiated coverage of steel stocks, beginning with a buy rating on Cleveland-Cliffs and U.S. Steel and hold ratings on Nucor and Steel Dynamics . JPMorgan Chase : The banking giant slightly raised its full-year net interest income outlook to $91 billion from $90 billion.

Persons: Jim Cramer's, Elliott, Jim Cramer, Morgan Stanley, Cramer, you've, I've, Frank Del Rio, Harry Sommer, He'll Organizations: CNBC, Club, Johnson, Bloomberg News, Micron Technology, Jefferies, Cliffs, . Steel, Steel Dynamics, JPMorgan Chase, Cruise Locations: Cleveland

☆ Analysts say Corona brewer is a buy despite slowdown in sales across the industry
▼ + stars: | 2024-05-20 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +4 min

Two Wall Street research firms are calling Constellation Brands a buy, arguing that worries over a key sales metric for the beer maker are overblown. Based on their bi-annual survey of the beer market, the analysts expect depletions for Constellation to rise 7% or more this year. Jim has been calling for Constellation to get out of wine and spirits and concentrate solely on beer. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: industrywide, Jefferies, Wells, Jim, Elliott, Bill Newlands, Newlands, Garth Hankinson, Jim Cramer's, Jim Cramer, Justin Sullivan Organizations: Constellation Brands, Jefferies, Modelo, Constellation, Wells, Elliott Management, CNBC Locations: Wells Fargo, Corona, Modelo, San Rafael , California

☆ Raisi’s Death Threatens New Instability for Iran
▼ + stars: | 2024-05-20 | by ( Steven Erlanger | ) www.nytimes.com time to read: +1 min

The sudden death of Iran’s president, Ebrahim Raisi, opens a new chapter of instability just as the increasingly unpopular Islamic Republic is engaged in selecting its next supreme leader. Mr. Raisi, 63, had been considered a prime candidate, especially favored by the powerful Revolutionary Guards. But given fears of instability at a time when the Islamic Republic is facing internal protests, a weak economy, endemic corruption and tensions with Israel, analysts expect little change in Iran’s foreign or domestic policies. Mr. Khamenei has set the direction for the country, and any new president will not alter it much. The system is “already on a trajectory to make sure that the successor of the supreme leader is completely in line with his vision for the future of the system,” said Ali Vaez, the Iran director at the International Crisis Group.

Persons: Ebrahim Raisi, Mr, Raisi, Ali Khamenei, Khamenei, ”, Ali Vaez Organizations: Revolutionary Guards, Crisis Locations: Republic, Islamic Republic, Israel, Iran

☆ New Taiwanese president's 'main focus is domestic': Eurasia Group
▼ + stars: | 2024-05-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew Taiwanese president's 'main focus is domestic': Eurasia GroupRick Waters, managing director of China practice at Eurasia Group, discusses new Taiwanese president Lai Ching-te's inauguration and what it means for U.S.-China relations.

Persons: Rick Waters, Lai Ching Organizations: Eurasia, Eurasia Group, U.S Locations: China

☆ Gold earring found in burned Iron Age village may reveal ‘moment in time,’ archaeologists say
▼ + stars: | 2024-05-20 | by ( Mindy Weisberger | ) edition.cnn.com time to read: +7 min

The inferno consumed the wooden structure, situated in an Iron Age settlement, killing six animals penned in the stable. The presence of a horse in the stable suggested that these people were wealthier than some of their neighbors, Olesti Vila said. The site provides important insights into the daily lives of Iberian Iron Age populations in the Pyrenees at this pivotal time in history, Arnold said in an email. During the Iron Age, when people lived in wooden homes heated by fires, buildings often accidentally burned. “This is also an indication of some kind of conflict or some kind of violent aggression,” Olesti Vila said.

Persons: Oriol Olesti Vila, Baltarga, Francesc Riart, Olesti Vila, “, weren’t, ”, Bettina Arnold, Arnold, ” Arnold, ” Mindy Weisberger Organizations: CNN, Autonomous University of Barcelona, University of Wisconsin -, Scientific Locations: Iberia, Spain, Tossal, Baltarga, Iron, Hannibal, Roman Republic, University of Wisconsin - Milwaukee, Pyrenees, “, Europe

☆ Cybersecurity professionals share best practices for securing 5G networks
▼ + stars: | 2024-05-20 | by ( Rosalie Chan | ) www.businessinsider.com time to read: +6 min

Professionals at the RSA Conference shared insights on securing 5G devices and networks. Business Insider spoke with several cybersecurity professionals at the annual RSA Conference, which took place from May 6 to 9 in San Francisco. Private 5G networks will change the way in which everything connects." Here are cybersecurity professionals' best practices for securing 5G devices and networks. That's because as more devices get connected to 5G networks, the bigger the attack surface becomes.

Persons: —, Nathan Howe, it's, Andrea Carcano, Boaz Gelbord, Donna Johnson, you've, Christine Gadsby, It's, Darren Guccione, Guccione, Jimmy Mesta, Carcano Organizations: RSA, Service, Business, RSA Conference, Nozomi Networks, BlackBerry, RAD Security Locations: San Francisco, cybersecurity

☆ Iran’s president has died in office. Here’s what happens next
▼ + stars: | 2024-05-20 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +5 min

CNN —Once seen as a likely successor to Iran’s Supreme Leader, President Ebrahim Raisi has died in office, leaving the Islamic Republic’s hardline establishment facing an uncertain future. An ultraconservative president, 63-year-old Raisi was killed Sunday, along with Foreign Minister Hossein Amir-Abdollahian and other high-ranking officials, in a helicopter crash in Iran’s remote northwest. Raisi’s death has raised questions about who will eventually succeed Iran’s 85-year-old Supreme Leader Ayatollah Ali Khamenei, the most powerful man in the country. According to the constitution, the 88-member Assembly of Experts picks the successor to the Supreme Leader after his death. “(This) definitely throws all the plans that offices of the Supreme Leader probably had out the window,” Vaez told CNN’s Paula Newton.

Persons: CNN —, Ebrahim Raisi, Raisi, Hossein Amir, growingly restive, ” Ali Vaez, Power, Mohammad Mokhber, Ayatollah Ali Khamenei, —, Hassan Rouhani, ” Parsi, ” Vaez, ” Iran's, Iran’s, Khamenei, Azin, AP “ Ebrahim Raisi’s, ” Karim Sadjadpour, Leader’s, Mojtaba Khamanei, Sadjadpour, Vaez, CNN’s Paula Newton, Islamic Republic ” Organizations: CNN, Iran’s, Islamic, Foreign, IRI, Group, Experts, Quincy Institute, Responsible, Revolutionary Guards, Iran's, Observers, Iran’s Guardian Council, Guardian Council, Moj News Agency, AP, Carnegie Endowment, International Locations: Islamic Republic of Iran, Iran, Islamic Republic, Washington ,, Tehran, Iranian, Raisi, Varzaghan

☆ As student loan forgiveness nears $160 billion, here's what to know about the relief programs
▼ + stars: | 2024-05-20 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

US President Joe Biden announces student loan relief with Education Secretary Miguel Cardona (R) on August 24, 2022 in the Roosevelt Room of the White House in Washington, DC. Olivier Douliery | AFP | Getty ImagesThe Biden administration fixes to the country's $1.6 trillion student loan system have resulted in regular announcements to forgive large shares of that debt. In total, the U.S. Department of Education has canceled almost $160 billion in federal student loan debt for nearly 4.6 million borrowers while President Joe Biden has been in office. Here what to know about the aid programs that have led to that relief. Income-driven repayment plansPublic Service Loan ForgivenessNavigating the Public Service Loan Forgiveness program has been famously difficult.

Persons: Joe Biden, Education Secretary Miguel Cardona, Olivier Douliery, Biden, George W, Bush, Federal Perkins Organizations: Education Secretary, White, AFP, Getty, U.S . Department of Education, Public, Consumer Financial, Family Education, Federal, Federal Perkins Loans, Education Department Locations: Washington ,

☆ Trump Media Reports Lackluster Revenues and Large Losses
▼ + stars: | 2024-05-20 | by ( Matthew Goldstein | ) www.nytimes.com time to read: +1 min

On Monday, former President Donald J. Trump’s social media company reported taking in $770,000 in advertising revenue in the first three months of the year, largely from its Truth Social platform, as it continued to incur hefty losses. The company, Trump Media & Technology Group, completed a long-awaited merger in March with Digital World Acquisition Corporation, a cash-rich shell company that served as a vehicle for taking Trump Media public. After the merger, Trump Media said it had about $274 million in cash and cash equivalents on its balance sheet, which would enable the company to “fund operations for the foreseeable future.”The public debut of Trump Media has been a boon to Mr. Trump, who owns a nearly 65 percent stake, worth about $6 billion. In a regulatory filing, the company said that it took in $770,000 in the past quarter, compared with $1.1 million in revenue in the year-ago quarter. The company said that much of the revenue “decrease was attributable to a change in the revenue share with one of our advertising partners.”

Persons: Donald J, Trump, ” Organizations: Trump Media & Technology Group, Acquisition Corporation, Trump Media

☆ After 15 years, a social media post helps reunite a family with a long-lost heirloom
▼ + stars: | 2024-05-20 | by ( Sydney Bishop | ) edition.cnn.com time to read: +4 min

She knew it had been picked up after her grandmother’s death when the family was going through her belongings, 15 years ago. A bunch of photographs of everybody in the family and all the things that were really special to her.” Bashaw told CNN. “In those photos, there were very good, prominent photos of the family heirloom that I was looking for. Misty Bashaw, Celia's mother, had been looking for the missing heirloom made by her "favorite" uncle Chuck Perkins. Top: April Perkins, Celia's grandmother (left), and Misty Bashaw, Celia's mother, who died in 2008 and 2022, respectively.

Persons: Celia Bashaw, Chuck Perkins, ” Bashaw, hadn’t, Bashaw, Misty Bashaw, Celia Bashaw “, “ It’s, Chris McKirryher, Phil Matte, CNN McKirryher, Matte, “, ”, ” Matte, WCAX, it’s, Perkins, Celia's, Celia Bradshaw “ Organizations: CNN, “, WCAX, Facebook Locations: Vermont, Rutland , Vermont, Pittsford , Vermont, Plattsburgh , New York, Bashaw

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