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☆ A market-predicting strategist warns that chasing this record rally is a mistake — but investors can still score strong long-term gains by following this 6-part strategy
▼ + stars: | 2024-05-17 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

"We should be anticipating higher highs in the market," Lundgren, the chief market strategist at MOTR Capital Management & Research and a portfolio manager at Little Harbor Advisors, recently told Business Insider. The 28-year market veteran's upbeat sentiment is more widespread now than last fall, when the S&P 500 struggled mightily before a powerful end-of-year surge. There can be negative or positive stretches within an established bull or bear market, Lundgren noted. Only one of the ETFs tracking Lundgren's preferred sectors has beaten the S&P 500 (in dark blue) since late last summer. When adjusting for market cap, cyclicals have fared much better and have bested the equal-weight version of the S&P 500 in several cases.

Persons: —, David Lundgren, Lundgren, he'd, we've Organizations: Service, MOTR Capital Management & Research, Little Harbor Advisors, Business, Yahoo Finance, Yahoo

☆ When Dynamite Turned Terrorism Into an Everyday Threat
▼ + stars: | 2024-05-17 | by ( Steven Johnson | ) www.nytimes.com time to read: +1 min

“The bomb was of the most powerful construction ever employed in the perpetration of an outrage of this kind in this city,” Eagan told the assembled reporters after a thorough examination of the crime scene. “I cannot understand why there was not even a greater loss of life.” But if the destructive power of the explosive was unusual, the fact that civilians were tinkering with dynamite in an apartment building was hardly anomalous at that moment in the city’s history. The bombs came in all kinds of packages. Often they arrived in tin cans, emptied of the olive oil or soap or preserves they were manufactured to contain, now wedged tight with sticks of dynamite. And sometimes the bomb was just a naked stick of dynamite with a fuse simple enough to be lit with the strike of a match, ready to be flung into an unsuspecting crowd.

Persons: ” Eagan, “, Eagan, satchel, ”

☆ Asia-Pacific markets are mostly lower as investors await key economic data from China
▼ + stars: | 2024-05-17 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets took a breather after rallying in the previous session, as investors await key China data to assess the state of the world's second largest economy. China data, including new house prices, urban unemployment and retail sales figures for April, is due later in the day. Russian President Vladimir Putin, who is on a two-day state visit to China, said at a press conference that discussions had been "warm and comradely" and had shown the importance of the two countries' relationship. Singapore will also release its non-oil domestic export figures for April, with NODX expected to fall 10% year on year.

Persons: Vladimir Putin, NODX Locations: Asia, Pacific, China, Singapore

☆ Trump's hush-money trial is almost over. Deliberations could begin Thursday — especially if Trump doesn't testify.
▼ + stars: | 2024-05-17 | by ( Laura Italiano | ) www.businessinsider.com time to read: +8 min

Read previewAfter one week of jury selection and four weeks of prosecution testimony, Donald Trump's New York hush-money trial is now in its home stretch. Then, the defense case will begin. "I'm doing everything possible to avoid big breaks between summations, jury charge, jury instructions, and deliberations," Merchan told the parties Thursday. AP/Christine CornellThursday: Deliberations could beginAgain, if the scheduling stars align, deliberations could begin Thursday, the last trial day before the four-day holiday. AdvertisementBefore deliberations can begin, jurors need to hear the entirety of the defense case — with or without Trump.

Persons: —, Donald Trump's, Juan Merchan, Trump, Michael Cohen, Donald Trump, Julia Nikhinson, Cohen, Trump's, Todd Blanche, Susan Hoffinger, Blanche, — Bradley, Smith, Juan Merchan Jane Rosenberg, Christopher Conroy, Merchan's, Conroy, Merchan, Will Trump, Matt Gaetz, Mike Segar, Judge Cannon, Aileen Cannon, Christine Cornell Organizations: Service, Business, AP, Commission, Prosecutors, Reuters, Federal Election, Trump Locations: York, Florida, summations

☆ Russia-Ukraine war: Exclusive satellite images show destroyed jets and building at Belbek airbase
▼ + stars: | 2024-05-17 | by ( Paul P. Murphy | Helen Regan | ) edition.cnn.com time to read: +6 min

CNN —Satellite images exclusively obtained by CNN show three destroyed Russian jets and damaged buildings at Belbek airbase in occupied port city of Sevastopol on Wednesday. Satellite images exclusive to CNN show destroyed jets and building at Belbek Airbase in Crimea on May 15, 2024. Satellite image ©2024 Maxar TechnologiesSatellite images exclusive to CNN show destroyed jets and building at Belbek Airbase in Crimea on May 15, 2024. Satellite images exclusive to CNN show destroyed jets and building at Belbek Airbase in Crimea on May 15, 2024. Satellite image ©2024 Maxar TechnologiesSatellite images exclusive to CNN show destroyed jets and building at Belbek Airbase in Crimea on May 15, 2024.

Persons: Mikhail Razvozhaev, “, ” Razvozhaev, Belbek, Dmytro Pletenchuk, ”, Volodymyr Zelensky, don’t, Christopher Cavoli, ” Zelensky, Vladimir Putin, Xi Jinping Organizations: CNN, Ukrainian, ” CNN, Black, NATO, Allied Locations: Sevastopol, Crimea, Russia, Belbek, Russian, Belbek Airbase, Ukrainian, Atesh, Moscow, Ukraine, Azov, Kharkiv, Vovchansk, Ukraine’s, Brussels, Beijing, China

Given this outlook, the firm lifted its price target to $70 from $65, reflecting 24% upside from Thursday's close. — Samantha Subin 6:20 a.m.: Citi trims price target on Roblox, cites slower bookings growth Citi cut its price target on Roblox to $40 from $52 a share as the gaming platform grapples with a deceleration in bookings growth. "We are updating our model to account for 1Q24 results and our latest outlook," wrote analyst Jason Bazinet. For 2025, Citi now expects bookings growth of 14% versus 21%, or 4% below consensus. The firm expects bookings growth of 10% in 2026, which is 11% below consensus.

Persons: Macquarie, Jefferies, Reddit, Ronald Josey, OpenAI, Josey, – Samantha Subin, Mark McLaughlin, McLaughlin, — Samantha Subin, Jason Bazinet, DAUs, Bazinet, Craig Siegenthaler, Siegenthaler, Robinhood, — Fred Imbert, Morgan Stanley downgrades Baidu, Morgan Stanley, Gary Yu, Yu, Ellie Jiang, JD, Jiang, Laurence Alexander, Alexander Organizations: CNBC, DuPont, OpenAI, Bank of America, Citi, Baidu, Macquarie, Jefferies, DuPont de Nemours Locations: China, 3Q24, Robinhood, Underperform, Thursday's, JD.com

☆ Dow closes above 40,000 for first time ever
▼ + stars: | 2024-05-17 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +5 min

New York CNN —The Dow Jones Industrial Average closed above the 40,000 mark Friday for the first time in its 139-year history. To many Americans, “the Dow” simply means the stock market. Dow 100: The Dow first closed in triple digits in January 1906. Crash of 1929: The Dow fell 38 points on Oct. 28 and 31 more points the next day. Dow 30,000: Nov. 24, 2020: Covid sent the stock market plunging in the spring of 2020.

Persons: ”, Ryan Detrick, “, Hogan, Dow, Teddy Roosevelt, Richard Nixon, Trump, Covid Organizations: New, New York CNN, Dow Jones, Federal Reserve, Bureau of Labor Statistics, Carson Group, Dow, Nasdaq, Riley Financial, CNN, Wall, Microsoft, Chevron, Federal, Woolworth, Eastman Kodak Locations: New York, Chevron —

☆ Biden’s tariffs on Chinese imports are boosting these beaten-down stocks
▼ + stars: | 2024-05-17 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

Beaten-down clean energy stocks have rallied this week. The iShares Global Clean Energy exchange-traded fund, which tracks sectors from renewable electricity to semiconductors to solar energy, has gained roughly 3%. Plug Power shares have climbed 33%, Enphase Energy shares have gained 8% and NextEra Energy shares have added 4%. Some investors warn that though the tariffs could continue boosting clean energy stocks, the recent rally isn’t driven by just improving fundamentals. Damaging hacks expose the weak underbelly of America’s health care systemA pair of recent ransomware attacks crippled computer systems at two major American health care firms, disrupting patient care and exposing fundamental weaknesses in the US health care system’s defenses against hackers, reports my colleague Sean Lyngaas.

Persons: New York CNN — It’s, Joe Biden, CNN’s Kayla Tausche, ”, Steve Sosnick, Roaring Kitty, Keith Gill, Dow, Nicole Goodkind, stoking, Gary Pzegeo, ” Read, Sean Lyngaas, cybersecurity, ” Joshua Corman, Sen, Ron Wyden Organizations: CNN Business, Bell, New York CNN, Clean Energy, Enphase Energy, NextEra Energy, Biden, Federal Reserve, Interactive Brokers, CNN, GameStop, AMC Entertainment, Roaring, Dow Jones Industrial, Nasdaq, Markets, Bureau of Labor Statistics, CIBC Private Wealth, “ Industry, Oregon Democrat Locations: New York, China

☆ CNBC Daily Open: Dow briefly tops 40,000 for the first time, meme stocks down but not out
▼ + stars: | 2024-05-17 | by ( Abid Ali | ) www.cnbc.com time to read: +2 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Dow breaks through 40,000 barrierThe Dow Jones Industrial Average briefly passed the 40,000 mark for the first time before ending lower. The S&P 500 and Nasdaq also hit record highs but ended the session in negative territory. The Dow has climbed nearly 6% in 2024, while the Nasdaq and S&P 500 are up 11% each. [PRO] New S&P 500 targetsWall Street's recent record highs have prompted market analysts to revise their S&P 500 year-end price targets.

Persons: Dow, John David Rainey, We've, Armour, Armour's, Kleiner Perkins, Bob Pisani Organizations: CNBC, Dow Jones Industrial, Nasdaq, Walmart, GameStop, AMC Locations: North America, Sequoia

☆ Biden Is Talking Directly to Black Voters. This Is What He Wants Them to Know.
▼ + stars: | 2024-05-17 | by ( Katie Rogers | ) www.nytimes.com time to read: +1 min

President Biden is spending much of his time this week speaking directly to Black voters, a constituency that carried him to the White House in 2020 and whose voters are now threatening to withhold their support as Mr. Biden’s final presidential campaign unfolds. Mr. Biden’s most high-profile event this week is still to come. On Sunday, he will deliver a commencement speech at Morehouse College, a prestigious, historically Black institution. He was speaking to a crowd at the National Museum of African American History and Culture celebrating the 70th anniversary of Brown v. Board of Education, a landmark civil rights ruling that outlawed racially segregated schools. Not even the venue choice seemed like a complete coincidence: As a senator, Mr. Biden was one of the original co-sponsors of legislation establishing the museum, and he attended its opening as vice president in 2016.

Persons: Biden, Biden’s, Joe Biden, I’m, ”, Brown Organizations: White House, Morehouse College, National Museum of, of Education

☆ The best and the worst sectors in the stock market in this recording-setting week
▼ + stars: | 2024-05-17 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market wrap: It's day two of muted action in the market, which was trading in a tight range on a light news day to close out the week. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. 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, OpenAI, Deere, Ralph Lauren, Jim Cramer's, Jim Organizations: CNBC, Tech, Devices, Broadcom, Nvidia, Microsoft, Palo Alto Networks, Palo, Walmart, TJX, Target, Williams, Coterra Energy, Jim Cramer's Charitable Locations: Palo Alto, Sonoma, Truist

☆ As Tesla layoffs continue, here are 600 jobs the company cut in California
▼ + stars: | 2024-05-17 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +4 min

In an aerial view, brand new Tesla cars sit parked in a lot at the Tesla Fremont Factory on April 24, 2024 in Fremont, California. Faced with weakening demand for Tesla EVs and increased competition, the company has been slashing headcount since at least January. Previous filings revealed that Tesla would cut more than 6,300 jobs across California, Austin, Texas and Buffalo, New York. The WARN filing shows that to be the case, with many cut from the team at Tesla's Hanover Street location in Palo Alto. Read the latest WARN filing in California here:

Persons: —, Elon Musk, Tesla, Musk, Kato, CNBC's David Faber Organizations: Fremont Factory, California Employment Development Department, CNBC, Tesla, Tesla's, American, Twitter Locations: Fremont , California, California, Fremont, Palo Alto, Austin , Texas, Buffalo , New York, Tesla's Hanover, China, robotaxis, U.S

☆ Yemen's Houthi rebels are menacing ships on the high seas
▼ + stars: | 2024-05-17 | by ( Paul Iddon | ) www.businessinsider.com time to read: +7 min

Read previewHouthi militants showed in late April that they can expand their war on international shipping far beyond the Red Sea. AdvertisementHe noted that the Shehab's reported range of 990 miles puts it "well within range" of international shipping. The British-registered cargo ship 'Rubymar' sank in March after it was targeted by Yemen's Houthi forces in the Red Sea. "Once they enter the Red Sea, though, ships can be tracked by spotters ashore or on boats or using mobile Houthi radars ashore. "Nevertheless, with the rate of Houthi advances, and increases in speed, control, and maneuverability in-transit, international shipping could soon prove vulnerable."

Persons: —, Good Hope, Bryan Clark, James Patton Rogers, Rogers, Samad, Yemen's, Mohammed Hamoud, Clark Organizations: Service, MSC Orion, Business, Hudson Institute, Cornell Tech Policy Institute, US, EU, AIS, Orion, Ships Locations: of Africa, Africa's, Good, Red, Ukraine, Israel

☆ Voting this year will be harder than it is was four years ago in more than half the states, a new report finds
▼ + stars: | 2024-05-17 | by ( Fredreka Schouten | ) edition.cnn.com time to read: +4 min

CNN —Americans in more than half of the states will face voting restrictions this year that weren’t in place four years ago during the last presidential election, a new analysis finds. Kay Ivey in March – makes it a crime in most cases to return an absentee ballot application on behalf of another voter. And it’s now a felony for a person to receive payment for distributing or collecting absentee ballot applications. At least 11 states have enacted laws this year that the Brennan Center officials say make it easier to vote. Given the changed election law landscape, she added, it’s crucial that people who plan to cast ballots this fall start to familiarize themselves with their state’s voting rules.

Persons: Brennan, ”, Sara Carter, Donald Trump, baselessly, –, Kay Ivey, ” Ivey, Grant Baldwin, Michael Swensen, ” Carter Organizations: CNN, Brennan Center for Justice, New York, Brennan Center, Republican Gov, “, Getty, Brennan, Kentucky Locations: North Carolina, Alabama, Idaho, Charlotte , North Carolina, Carolina, Louisville , Kentucky, Nebraska

☆ In Beijing, Xi and Putin left no question of their close alignment in a divided world
▼ + stars: | 2024-05-17 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +7 min

Putin’s two-day state visit comes as Western leaders have leant on Xi to ensure that soaring exports from his country aren’t propping up the Russian war effort – a claim Beijing denies. Putin also traveled to Beijing with top security officials who the Russian president said Thursday would join informal talks on Ukraine. Beijing, which says it is neutral on the war, has repeatedly defended its trade with Russia as part of normal bilateral relations. Xi, analysts say, is seeking to keep Putin as a close partner, while not stepping over Western red lines. For that reason, she added, “he’s okay with on-going dependency between Russia and China – and with inequality in this relationship.”

Persons: Xi Jinping, Vladimir Putin’s, Xi, Putin, Putin’s, Andrey Belousov, Sergey Shoigu, “ Putin, he’s, Kurt Volker, “, ”, Alexandra Prokopenko Organizations: Hong Kong CNN, United, –, Israel, Hamas, Russian, Russian Security, Chinese Communist Party, Chinese Foreign Ministry, Observers, CNN, Carnegie Russia Eurasia Center Locations: Hong Kong, Beijing, United States, Taiwan, Gaza, Russian, China, ”, Russia, North Korea, Ukraine, China’s Harbin, Siberia, Europe

☆ The Dow tends to take a breather after surpassing big, round numbers
▼ + stars: | 2024-05-17 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Now that the Dow Jones Industrial Average has made headlines by crossing the 40,000 level for the first time ever on Thursday, what comes next? History shows the 128-year-old-average tends to pull back a bit after crossing large, round number thresholds. "History tends to confirm that the market typically takes a breather after eclipsing millennium milestones." Bear market declines of 20% or more also happened just 5% of the time. .DJI 1Y mountain The 30-stock Dow crossed the 40,000 level on Thursday after flirting with the threshold in April.

Persons: Sam Stovall, Stovall, Dow Organizations: Dow Jones, Dow, Walmart, Nasdaq Locations: 39,8907.88

☆ Billionaire 'Bond King' Bill Gross explains why oil and gas pipelines are his top investment even as AI fervor swirls
▼ + stars: | 2024-05-17 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Bill Gross told Barron's that oil and gas pipelines are a top investment of his as he seeks alternatives to a tapped-out bond market. He says these publicly-traded multiple limited partnerships offer strong returns with additional tax advantages. Rather than seeking opportunity in the bond market, the legendary billionaire is investing in oil and gas pipelines. Gross notes that the pipelines — which trade as master limited partnerships — possess many of the yield attributes of bonds. Previously, he attempted to trade Broadcom on AI hopes, but was "whipped back and forth," Gross shared in March commentary.

Persons: Bill Gross, Gross, —, that's, Barron's, " Gross, Con Organizations: Microsoft, IBM, Nvidia, Service, Energy, Western Pipeline, Gross, Broadcom, Dominion Locations: Barron's, Con Edison

☆ Here are Friday's biggest analyst calls: Nvidia, Tesla, Robinhood, Salesforce, Netflix, Roblox, Chevron, Walmart & more
▼ + stars: | 2024-05-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Friday's biggest calls on Wall Street: Bank of America reiterates Nvidia as buy Bank of America said top pick Nvidia remains "compelling" heading into earnings next week. Bank of America reiterates Marvell as buy Bank of America said it's sticking with its buy rating heading into earnings later this month. " Citi reiterates Walmart as a top pick Citi said the stock remains a top pick following earnings. Chevron Corp. (CVX): Reiterate Constructive View on Inﬂecting FCF Generation and Relative Valuation; Buy with 13% Total Return." "Near-term caution is offset by our increasingly bullish medium-term outlook, where CRM is well positioned for GenAI & valuation remains undemanding."

Persons: Marvell, Roth, Ree, Roth MKM, it's, REE, Wells, Oppenheimer, Reddit, Goldman Sachs, Tesla, Goldman, BTIG, Baird, Jefferies, Morgan Stanley, Baidu, Wolfe, UAL, Cantor Fitzgerald, Cantor, Price, Stifel, Salesforce Organizations: Bank of America, Nvidia, Ree Automotive, EV, Netflix, Citi, OpenAI, Google, Walmart, Darden, Jefferies, DuPont, Macquarie, Stock, underperform Bank of America, Chevron, Chevron Corp, JPMorgan, Body, United Airlines, Price Target, Health, Base Locations: Thu, Olive, China, United, Underperform

☆ I visited the Guy Fieri restaurant that's on every Carnival cruise, and it was a far cry from an average fast-food joint
▼ + stars: | 2024-05-17 | by ( Megan Dubois | ) www.businessinsider.com time to read: +1 min

Guy Fieri has a burger restaurant on every Carnival Cruise Line ship, and I decided to try it. Guy's Burger Joint is on every Carnival Cruise Line ship. Megan duBoisCarnival Cruise Line is known for its budget-friendly voyages and impressive lido-deck dining options, one of which is Guy's Burger Joint. Now, it's a staple on every Carnival Cruise Line ship and will also be on the upcoming addition to the fleet: the Carnival Jubilee. On the Elation, Guy's Burger Joint was open from noon until 6 p.m.

Persons: Guy Fieri, Megan duBois Organizations: Food Network Locations: Burger

☆ ‘Oversight After Dark’: Lawmakers Hurl Insults at Hearing
▼ + stars: | 2024-05-17 | by ( Luke Broadwater | ) www.nytimes.com time to read: +1 min

Even by the rock-bottom standards of the 118th Congress, Thursday night’s three-hour voting session of the House Oversight Committee was perhaps a new low. The members of the Republican-led committee gathered after 8 p.m. in a Capitol Hill hearing room ready for a fight — some members of the audience were even said to have brought alcoholic beverages to enjoy the show. Back in Washington, lawmakers were ostensibly meeting for the most serious and somber of reasons: to debate whether to hold a cabinet official in contempt of Congress. Who better to instigate the chaos than Representative Marjorie Taylor Greene, the right-wing Georgia Republican best known for her penchant for incendiary statements and stunts? Her first target was Representative Jasmine Crockett, the Democrat from Texas who frequently takes on Ms. Greene in the committee.

Persons: Donald J, Trump, Merrick B, Garland —, James Comer of, Marjorie Taylor Greene, Jasmine Crockett, Greene Organizations: 118th, Republican, Republicans, Georgia Republican, Democrat Locations: Manhattan, Washington, James Comer of Kentucky, Texas

☆ High-end real estate developer talks demand for ultra-luxury homes in Florida
▼ + stars: | 2024-05-17 | 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 EmailHigh-end real estate developer talks demand for ultra-luxury homes in FloridaHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Brian Sullivan, “ Organizations: CNBC Locations: Florida

☆ Nvidia’s earnings will be in focus next week as stocks try to sustain record levels
▼ + stars: | 2024-05-17 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

The S & P 500 broke above 5,300, also for the first time. The S & P 500 has notched record close after record close in 2024. This quarter, the top-performing S & P 500 sector is utilities, higher by 9%, followed by communication services, up by 4%. The S & P 500 and Nasdaq Composite each closed out a fourth straight week of gains. Sustaining all-time highs Nvidia's earnings will also be a key catalyst at a time when technicians are watching to see whether stocks can sustain the record levels they reached this week.

Persons: what's, they're, Jay Woods, hadn't, Piper Sandler's Harsh Kumar, Kumar, Jensen Huang, Blackwell, Zachary Hill, Chris Zaccarelli, Zaccarelli, Woods, Katie Stockton, Stockton, TJX Cos, Raymond James Thursday, Ralph Lauren Friday, Nick Wells Organizations: Nvidia, Federal Reserve, Dow Jones, Freedom Capital, Dow, Nasdaq, Independent, Alto Networks, Devices, Target, Chicago, PMI, New, . Kansas City Fed, Intuit Locations: Stockton, . Kansas

☆ She flew a record-breaking US flight – but it was kept secret for years
▼ + stars: | 2024-05-16 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +13 min

There were no women flying, there were no female airline pilots. A historic moment, kept secretRippelmeyer and Captain Emilie Jones before a flight with Air Illinois, where they became the first all-female crew of a scheduled flight in the United States. So that’s what we did.”It was December 30, 1977, and that was the first scheduled flight in the United States with an all-female crew – but it was kept a secret. At least, “since nobody died,” Lippenmeyer says, the two were no longer intentionally kept apart and flew together many more times. “My first 747 flight was to London and then my last 787 flight was to London,” she says.

Persons: CNN — Lynn Rippelmeyer’s, “, ”, Rippelmeyer, Bonnie Tiburzi, Emily Warner, Frontier –, Emilie Jones, Lynn Rippelmeyer Rippelmeyer’s, — Emilie, ” Rippelmeyer, ” Lippenmeyer, Lynn Rippelmeyer, Ozark Air Lines —, Carl Hirschberg, we’d, that’s, doesn’t, ” “, I’m, furloughed, wasn’t, didn’t, ” – Organizations: CNN, TWA, Boeing, Piper, American Airlines, Frontier, Air Illinois, Air, Airlines, Ozark Air Lines, World Airlines, TWA –, People Express, People, London Gatwick, Continental, Central America, United Airlines, Continental Airlines, Aviation Locations: Mississippi, Vermont, United States, Miami, Air Illinois, Air, JFK, ”, Newark, London, Polynesia, California, Texas, Houston, Tegucigalpa, Honduras, Central

Here are the takeaways from Day 18 of the Trump hush money trial:A heated confrontation over a key phone callIt took several hours of cross-examination before Blanche finally turned to the evidence directly related to the case. Blanche says the texts show that at 8:04 p.m. Cohen texted Schiller the phone number of the teenager prank calling him. “Was it true for just that phone calls, or was it true for other phone calls too?”“You just said you don’t recall a phone call back in 2016. “Because these phone calls are things that I have been talking about for the last six years. There’s also the possibility, as CNN has reported, that former Cohen attorney Bob Costello could appear.

Persons: Donald Trump, Todd Blanche, Michael Cohen, Trump, Stormy Daniels, Blanche, Cohen, Keith Schiller –, Daniels, Barron, Blanche finally, Schiller, “, ”, ” Blanche, Cohen texted Schiller, Keith Schiller, ” Cohen, Keith, ” “, it’s, he’s, Darrell Scott, –, Trump’s, Jean Carroll, Blanche quizzed, Maggie Haberman –, Susan Necheles, Susan Hoffinger, Merchan, There’s, Bob Costello, Costello Organizations: CNN, Trump, Mr, White, Congress, New, New York Times, Prosecutors Locations: Trump, White, New York, summations

☆ Oil prices rise on moderate U.S. inflation data, strong demand
▼ + stars: | 2024-05-16 | by ( ) www.cnbc.com time to read: +2 min

Oil prices extended gains from the previous session on Thursday on signs of stronger demand in the U.S. where data showed slower inflation than markets expected, strengthening the argument for an interest rate cut which could result in even stronger demand. U.S. crude oil, gasoline and distillate inventories fell, reflecting a rise in both refining activity and fuel demand, showed data from the Energy Information Administration, or EIA. Crude inventories fell 2.5 million barrels to 457 million barrels in the week ended May 10, the EIA said, versus the 543,000 barrel consensus analyst forecast in a Reuters poll. Signs of slowing inflation and stronger demand were supporting prices, ANZ Research said in a client note, as is geopolitical risk which it said remains elevated. Gains were constrained after the IEA trimmed its forecast for 2024 oil demand growth, widening the gap between its view and that of producer group OPEC.

Persons: Brent Organizations: U.S, West Texas Intermediate, Federal Reserve, Energy Information Administration, EIA, ANZ Research, OPEC, Global, Organization for Economic Co Locations: Nolan , Texas, U.S, East, Gaza, Rafah, Qatar, Egypt, Israel

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