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Two of three speakers at the engineering school’s ceremony disappeared abruptly from the school’s graduation website. A self-described “fourth-generation Trojan” from Pasadena, Ms. Blain, who has spent much of her life imagining her own U.S.C. Pro-Palestinian students tried to set up an encampment on campus days later, and university officials summoned the Los Angeles police. At the engineering school, where Ms. Tabassum, the valedictorian, will be graduating, professors were trying to resurrect her chance to speak. A university committee had picked Ms. Tabassum, who is Muslim and of South Asian ancestry, from about 100 undergraduates with near 4.0 grade point averages.

Persons: Kevin Feige, Liza Colón, Zayas, Tina, “, ”, Jaren Lewison, they’re, Ella Blain, Blain, Linda Thomas, Greenfield, Biden, U.S.C, Asna Tabassum, Jon M, Chu, Marcia McNutt, Blain’s, Annette Ricchiazzi, Carol Folt, Missives, Sean Penn, —, Goodwin Liu, Merrill Balassone, Phil Chan, Pam Zhang, Safiya Umoja Noble, Lewison, Jane Coaston, Tabassum, Yannis C, Folt, Kevin Crawford Knight, Didi Global, Zohreh, Khademi, Knight, ” Hossein Hashemi, Hashemi, Dustin Jeffords Organizations: University of Southern, Angeles, Marvel Studios, Hollywood, Netflix, Dornsife, of Letters, Arts and Sciences, Los Angeles Memorial, School of Dramatic Arts, University of Michigan, Ann Arbor , Indiana University, Bloomington, Northeastern University, United Nations, University, Vermont’s, Columbia University, National Academy of Sciences, Los Angeles police, Community, Dodger, California Supreme, MacArthur, Rossier School, Education, Jewish, commencements, New York Times, Microsoft, Media, “ Locations: University of Southern California, Los Angeles, Coast, Aude, Pasadena, Gaza, Ann Arbor ,, Boston, U.S, Israel, U.S.C, California, San Bernardino County

☆ A woman couldn't understand why she wasn't losing weight after trying diets, exercise, and medication. A test revealed she was missing crucial gut microbes.
▼ + stars: | 2024-05-09 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +5 min

Kimmie Gilbert couldn't seem to lose weight despite trying diets, exercise, and medication. Research suggests that gut microbiome composition might play a role in a person's weight. AdvertisementKimmie Gilbert has one pressing question: "What in the world are y'all eating that I'm not eating that causes y'all to lose weight and not me?" In 2019, health tech had a global market value of approximately $350 billion, according to McKinsey. A microbe called Prevotella, which is associated with weight loss, wasn't found at all in her gut.

Persons: Kimmie Gilbert couldn't, Gilbert, —, Kimmie Gilbert, y'all, Eran Segal, Annie Gupta, Goodman, Rob Knight, Jack Gilbert, wasn't, Gupta, Prevotella, Segal Organizations: Service, Netflix, McKinsey, BMI, Weizmann Institute of Science, UCLA, Luskin, UC San Diego Locations: New Orleans

☆ ‘I will return to the US in an urn’: She moved to Portugal with her husband two years ago, and this American woman says she’s never coming back
▼ + stars: | 2024-05-08 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +12 min

‘Aha’ momentCynthia Wilson and her husband Craig Bjork relocated from the US to Marinha Grande, situated in the Leiria District of Portugal, just over two years ago. Community spiritThe couple celebrate Wilson's first birthday in Portugal with friends. “My Portuguese friends taught me that you have to first recognize their humanity,” says Wilson. There’s no place for that.”Wilson has warmly embraced the Portuguese way of life, particularly the focus on food, which has long been a big part of her life. Doing something odd.”Wilson and Bjork say that they’ve had “zero problems” since relocating to Portugal and couldn’t be happier.

Persons: CNN — They’d, Cynthia Wilson, Craig Bjork, Wilson, –, I’ve, ” Wilson, ”, Bjork, “, it’s, Wilson's, ’, Cynthia Wilson “ Retirement’s, that’s, I’m, hasn’t, ” “, ‘, they’ve, Dulce Silva, Sérgio Carvalho, grandly, Rainha Joia, Maria da Silva, Cynthia Wilson Wilson, “ There’s, couldn’t Organizations: CNN, CNN Travel, Facebook Locations: Portugal, Europe, Seattle, Estonia, Marinha, Leiria District, Lisbon, Kansas, Wichita , Kansas, Marinha Grande, Porto, Algarve, San Francisco, Manhattan, Florabela, America, “

☆ Japanese store near Mount Fuji issues apology in response to overtourism
▼ + stars: | 2024-05-08 | by ( Lilit Marcus | ) edition.cnn.com time to read: +4 min

Lawson’s, one of Japan’s largest convenience store chains, has an outpost in the small town of Fujikawaguchiko. Tourists have flooded into Fujikawaguchiko to take one specific picture – a shot of Mount Fuji behind a Lawson’s store, where the mountain’s classic elegance contrasts with the store’s modern neon signage. Although Lawson’s has not encouraged visitors to take pictures of their store, the company nevertheless issued a statement addressing the issue on May 5. Many of them headed to the same destinations, crowding Kyoto’s narrow streets and the walking trails of Mount Fuji. And Lawson’s is not the only Japanese tourist destination that has resorted to putting up signs warning visitors of bad behaviors.

Persons: Fuji –, Lawson’s, Lawson, –, overtourism, Fujikawaguchiko, Semans Organizations: CNN, Fuji, Mount Fuji, ”, Mount, UNESCO Locations: Fujikawaguchiko, Yamanashi prefecture, –, Japan, Mount, Yamanashi

☆ U.S. and China trade divisions threaten a 'reversal' for global economy, IMF official warns
▼ + stars: | 2024-05-08 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

Carlos Barria | Afp | Getty ImagesDifferences between U.S.-led Western and China-aligned economic blocs threaten global trade cooperation and economic growth, a top official with the International Monetary Fund warned on Tuesday. IMF Deputy Managing Director Gita Gopinath said in a speech at Stanford University that events such as the global pandemic and Russia's invasion of Ukraine have disrupted global trade relations in ways not seen since the Cold War. "Increasingly, countries around the world are guided by economic security and national security concerns in determining who they trade with and invest in," she said, adding that this has resulted in countries increasingly picking sides between China and the U.S. Trade between the China and U.S. blocs has declined compared with trade among countries within the groupings, Gopinath said. The U.S. bloc mainly includes Europe, Canada, Australia and New Zealand, while China-leaning countries include Russia, Eritrea, Mali, Nicaragua and Syria.

Persons: Xi Jinping, Carlos Barria, Gita Gopinath, Gopinath Organizations: National Committee, China Relations, China Business Council, Economic Cooperation, APEC, Afp, International Monetary Fund, Stanford University, U.S, IMF, Trade, West Locations: Asia, San Francisco , California, China, Ukraine, Washington, Beijing, U.S, South, Taiwan, Europe, Canada, Australia, New Zealand, Russia, Eritrea, Mali, Nicaragua, Syria

☆ JPMorgan says the late Charlie Munger would love this wonderful bank trading at a fair price
▼ + stars: | 2024-05-08 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

JPMorgan said this regional bank is so appealing that it would have attracted attention from the late Charlie Munger. "When we think of the late, great Charlie Munger and his mantra to 'buy wonderful businesses at fair prices,' the bank that fits this bill in our view is Cullen Frost," the firm's bank analyst Steven Alexopoulos said in a note. However, JPMorgan said the bank's "strong organic growth story" remained fully intact. JPMorgan said investors are now able to buy the shares at 13.1 times forward earnings, compared to a 16X historical average. The bank maintained its overweight rating and has a 12-month price target of $140 per share, which would translate into 32% upside from Tuesday's close of $105.62.

Persons: Charlie Munger, Cullen Frost, Steven Alexopoulos, Munger, Buffett, Cullen, Frost, — CNBC's Michael Bloom Organizations: JPMorgan, Berkshire Hathaway's, CFR, Frost Bankers Locations: San Antonio , Texas

☆ Pete McCloskey, Republican Who Tried to Unseat Nixon, Is Dead at 96
▼ + stars: | 2024-05-08 | by ( Robert D. Mcfadden | ) www.nytimes.com time to read: +1 min

Pete McCloskey, a California congressman who raised a flag of rebellion against President Richard M. Nixon’s war policies in Vietnam with a spirited but futile race for the Republican presidential nomination in 1972, died on Wednesday at his home in Winters, Calif., west of Sacramento. His death was announced in a statement released on Wednesday by a family spokesman, Lee Houskeeper. Mr. McCloskey, who represented an area south of San Francisco for 15 years, from late 1967 to early 1983, was a liberal Republican who admired President John F. Kennedy, voted for environmental causes with Democrats and believed that the Republican Party had veered too far to the right. He had no money, party support or realistic prospects. Tens of thousands of Vietnamese and Americans were dying in a war that could not be won, he argued.

Persons: Pete McCloskey, Richard M, Lee Houskeeper, Mr, McCloskey, John F, Kennedy, Nixon, Shirley Temple Black Organizations: Republican, Republican Party Locations: California, Vietnam, Winters, Calif, Sacramento, San Francisco

☆ My husband and I combined our last names when we got married — it started as a joke, but then it just made sense
▼ + stars: | 2024-05-08 | by ( Jane Ridley | ) www.businessinsider.com time to read: +4 min

Marcy Donnelly and Chris Buerger, 50 and 52, combined their last names when they wed in 2000. AdvertisementThis as-told-to essay is based on a conversation with Marcy Donnager. It started as a joke, then we realized it made senseNone of it seemed real, so we made up names for ourselves. But our adopted names didn't suit our last names, Donnelly and Buerger. Then, once we had our marriage certificate, we used it in the court proceeding to legally change our names to Donnager.

Persons: Marcy Donnelly, Chris Buerger, Donnager, —, Marcy Donnager, Chris, Sasha, Donnelly, Buerger, Sasha Donnager, Buergdonn, Marcy, Aidan, Austin, we're Organizations: Service, SeaWorld, Social Security, Business Locations: San Diego, San Francisco, Orange County, Las Vegas, Austin

☆ Barbara Stauffacher Solomon, Pioneer of Supergraphics, Dies at 95
▼ + stars: | 2024-05-08 | by ( Penelope Green | ) www.nytimes.com time to read: +1 min

Barbara Stauffacher Solomon, an audacious graphic designer, landscape architect and artist who first made a splash in the 1960s with the supersize, geometric architectural painting movement known as supergraphics, died on Tuesday at her home in San Francisco. Her daughter Nellie King Solomon confirmed the death. In 1962, Ms. Stauffacher Solomon was the rare woman to set up shop as a graphic designer in the Bay Area, working for clients like the San Francisco Museum of Modern Art (now SFMOMA). It was architecture, however, that put Ms. Stauffacher Solomon on the national stage. In the early 1960s, an architect turned developer named Al Boeke envisioned a new community on a windswept bluff and former sheep ranch a few hours north of San Francisco.

Persons: Barbara Stauffacher Solomon, Nellie King Solomon, Stauffacher Solomon, Baskerville, Al Boeke, Lawrence Halprin, Joseph Esherick, Charles Moore, Donlyn Lyndon, William Turnbull Jr, Richard Whitaker Organizations: San Francisco Museum of Modern Art, Times Locations: San Francisco, Bay, Basel, Switzerland, Swiss

☆ US Marines debuted a new amphibious combat vehicle, which was previously pulled out of the water after multiple rollovers
▼ + stars: | 2024-05-08 | by ( Drew F. Lawrence | ) www.businessinsider.com time to read: +4 min

The US Marines' new amphibious combat vehicle made its first overseas deployment in the Philippines. AdvertisementThe Marine Corps ' new amphibious combat vehicle, or ACV, debuted in the Philippines as part of its first overseas deployment after more than a year-and-a-half of limited operations. AdvertisementA US Marine Corps amphibious combat vehicle splashes off the amphibious dock landing ship USS Harpers Ferry (LSD 49) during Exercise Balikatan 24 in Palawan, Philippines. AdvertisementUS Marine Corps amphibious combat vehicles conduct a towing exercise during Exercise Balikatan 24 in Palawan, Philippines. That vehicle, called the amphibious assault vehicle, or AAV, had been used since the 1970s.

Persons: —, ACVs, Col, Sean Dynan, Lance Cpl, Peyton Kahle, Matthew Bylski, Chris Mahoney, Boxer, Military.com Organizations: US Marines, Service, Corps, Marines, Pacific, 15th Marine Expeditionary Unit, Marine Corps, US Marine Corps, . Locations: Philippines, Philippine, South, Camp Pendleton , California, Palawan, Oyster Bay, USS Somerset, San Diego

☆ CNBC TechCheck Evening Edition: May 8, 2024
▼ + stars: | 2024-05-08 | 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 EmailCNBC TechCheck Evening Edition: May 8, 2024CNBC's TechCheck brings you the latest in tech news from CNBC's 1 Market in the heart of San Francisco.

Persons: TechCheck Organizations: CNBC Locations: San Francisco

☆ Elon Musk is a homeowner again, despite his claims of couch surfing
▼ + stars: | 2024-05-08 | by ( Grace Kay | Jack Newsham | ) www.businessinsider.com time to read: +7 min

As recently as April 2022, the billionaire Tesla founder claimed in an interview that he was couch surfing and didn't "even own a place right now." In redacted court filings from December, Musk said he purchased the home in February 2022 and that he still lives there. In 2023, the Austin property was appraised at nearly $7 million, county tax records show. Less than a year later, in April 2022, Musk said again that he didn't own a home and rotated between friends' spare rooms. Eight weeks later, the LLC that purchased the Austin house was formed.

Persons: —, Elon, Tesla, Grimes, Musk, Stefan Cassella, I'd, he'd, they'd, I'm, Austin, Ken Howery, Walter Isaacson, Tesla's Austin Gigafactory Organizations: Service, Business, Texas, State, Department of Justice, SpaceX, Street Journal, PayPal, Austin, Montessori Locations: Austin, Texas, California, San Francisco, Colorado, Bastrop , Texas, Tesla's

☆ A millennial couple moved from Arizona to China to teach at an international school. The cost of living is much cheaper, though the language barrier is challenging.
▼ + stars: | 2024-05-08 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

His wife, a teacher, had been to China before and realized she could get a visa to teach at an international school there and bring Scott along. The school that hired her also hired Scott, and the two put their lives in the US on hold and relocated to China. His wife got a job as a teacher at an international school, and the two moved to China on her visa. Related storiesBefore moving to China, the couple paid $1,900 a month in rent in Arizona. He said their internet bill was $130 a month, their cellphone bill was $70, and their electricity bill was $100.

Persons: Scott Vleeschouwer, weren't, Scott, Vleeschouwer, it's, they've, China Vleeschouwer, DiDi —, He's, they're Organizations: Service, China's, Business Locations: China, Shenzhen, Maryland, Roanoke , Virginia, San Antonio, Phoenix, Mexico, Beijing, Shanghai, India, Hong Kong, Philippines, Indonesia, Kenya, Southeast Asia, Arizona, They've

☆ At SFMOMA, Disability Artwork Makes History
▼ + stars: | 2024-05-07 | by ( Jonathan Griffin | ) www.nytimes.com time to read: +1 min

In 1974, Florence Ludins-Katz and Elias Katz — she an artist, he a psychologist — turned the garage of their Berkeley home into an art studio for adults with developmental disabilities. Across California at that time, people with a range of disabilities were being deinstitutionalized, with little provision made for them after their release. Half a century on, Creative Growth — as the iconoclastic and influential studio in Oakland was named — is celebrating its 50th anniversary with an exhibition, “Creative Growth: The House That Art Built,” at the San Francisco Museum of Modern Art. The exhibition draws from SFMOMA’s half-million-dollar acquisition of more than 100 Creative Growth artworks, the largest purchase by any American museum of the work of disabled artists. The museum acquired 43 more pieces from Creative Growth’s sister organizations in California, also founded by the Katzes: Creativity Explored in San Francisco and NIAD (Nurturing Independence Through Artistic Development) in Richmond.

Persons: Florence Ludins, Katz, Elias Katz —, — Organizations: San Francisco Museum of Modern Art Locations: California, Oakland, San Francisco, Richmond

☆ Parents of Australian surfers murdered in Mexico remember loving sons who adored adventure
▼ + stars: | 2024-05-07 | by ( Jessie Yeung | ) edition.cnn.com time to read: +4 min

CNN —The grieving parents of two Australian brothers killed on a surfing trip in Mexico alongside their American friend said their deaths had made the world a “darker place,” days after their sons’ bodies were identified. On Sunday, Mexican authorities confirmed their identities as the three missing friends with the help of relatives who flew out help investigators. Mexican authorities have vowed to investigate the murders, saying the surfers may have been attacked in an attempted vehicle robbery. Mexico’s homicide rate is among the highest in the world, and more than 100,000 people remain missing in the country. Studies show only around seven percent of murders in Mexico are ever solved.

Persons: Jake, Callum Robinson, Jack Carter Rhoad, ”, Debra Robinson, “, Carter Rhoad, Martin, Callum, “ Callum, Debra, Callum’s, Penny Wong, Jesús Gerardo “, “ El Organizations: CNN, Seven Network Australia, Australia’s, team, Seven, Department of Foreign Affairs, Trade, Australian Federal Police, Australian Embassy Locations: Mexico, Ensenada, Tijuana, San Diego, Perth, Australia, United States, Baja California

☆ Cybersecurity professionals say generative AI can be exploited in cyberattacks — but it can also be a powerful defense
▼ + stars: | 2024-05-07 | by ( Rosalie Chan | ) www.businessinsider.com time to read: +5 min

Generative AI is revolutionizing cybersecurity in connected networks. Generative AI has become a double-edged sword for the security of connected networks. On one hand, generative AI can speed up cybersecurity problems, making it easier and cheaper for bad actors to conduct identity attacks. Business Insider spoke with several cybersecurity professionals who attended the annual RSA conference this week in San Francisco about how generative AI is increasingly used in cybersecurity for 5G devices and networks. Now that mobile and Internet of Things devices have become more ubiquitous, they're using even more data, which generative AI can help filter and secure.

Persons: —, David Cooper, Cooper, Shaun McAlmont, Chris Novak, David Aviv, Steve Wilson, Ev Kontsevoy, It's, Rohit Ghai, Ghai, Wilson Organizations: Service, Accenture Security, RSA, Verizon Business Locations: cybersecurity, San Francisco

☆ Brittney Griner tells The Cut she ‘worried someone might shoot the plane down’ after her release from Russian detention
▼ + stars: | 2024-05-07 | by ( George Ramsay | ) edition.cnn.com time to read: +2 min

CNN —Brittney Griner feared that her plane would be shot down after she was released from detention in Russia, the WNBA star said in a new interview with The Cut. Speaking with former US soccer icon Megan Rapinoe in an interview published in The Cut on Monday, Griner recalled the moment she learned that she was being released. “I got a note underneath my door that said, ‘Be ready at midnight,’ or some late, crazy hour,” she said. I was worried someone might shoot the plane down. The US State Department, however, deemed that Griner had been wrongfully detained, and she was released in December 2022 in a prisoner swap involving Russian arms dealer Viktor Bout.

Persons: Brittney Griner, Megan Rapinoe, Griner, “, ‘, ” Griner, Viktor Bout, Suzanne Cordeiro, ”, Rapinoe, Bash Raymond Griner Organizations: CNN, WNBA, US State Department, Russian, Getty, Phoenix Mercury Locations: Russia, San Antonio , Texas, AFP

☆ Whoopi Goldberg revealed what one 'Sister Act' star did after her mother died
▼ + stars: | 2024-05-07 | by ( Olivia Singh | ) www.businessinsider.com time to read: +3 min

Read previewWhoopi Goldberg revealed that her "Sister Act" costar, Maggie Smith, consoled her after she learned of her mom, Emma Johnson's, death in 2010. Goldberg recalled the touching moment in her new memoir " Bits and Pieces: My Mother, My Brother, and Me ," released Tuesday. AdvertisementMaggie Smith as Mother Superior and Whoopi Goldberg as Deloris Van Cartier in "Sister Act." "I explained to Maggie Smith what was going on and apologized for having to fly home as soon as I could. "That's when this magnificent woman, Dame Maggie Smith, went from being my backstage company to being my friend through the rest of the night," she said.

Persons: —, Whoopi Goldberg, Maggie Smith, Emma Johnson's, Goldberg, cohost, Superior, Clyde K, Johnson, Smith, Mother Superior, Deloris Van Cartier, Goldberg's, Emma Johnson, John Nacion, Dame Maggie Smith, Maggie, I've Organizations: Service, London Palladium, Business, Variety Locations: San Francisco

☆ This college town is experimenting with giving low-income entrepreneurs and gig workers $12,672, no strings attached
▼ + stars: | 2024-05-07 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

Ann Arbor's program, called Guaranteed Income to Grow Ann Arbor, is giving low- and moderate-income residents $528 a month, no strings attached. Over 50 municipalities have tried the GBI model since 2019, offering low-income participants between $100 and $1,000 a month, no strings attached for one to five years. "This pilot will help us learn whether guaranteed income payments can be an effective way to help some entrepreneurs with their business efforts." Chicago announced in April that it restarted its previous GBI program that offered low-income residents $500 a month. A GBI program in Harris County, Texas is being challenged by Attorney General Ken Paxton, who called the program "unconstitutional."

Persons: —, Ann, Ann Arbor's, Monique Gonzalez, Ann Arbor, GBI, Ken Paxton Organizations: Service, Business, Local, Services, Denver, Ann Arbor Area Community Foundation, University of Michigan, Chicago, Republican Locations: Ann Arbor , Michigan, Ann Arbor, San Antonio, Antonio's, Ann, Michigan, Atlanta, Denver, Flint, Harris County , Texas, Iowa , Arizona, South Dakota

☆ Americans have spent their savings. Economists worry about what comes next
▼ + stars: | 2024-05-07 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

But now that extra spending money is gone, economists are concerned about what comes next. That means many Americans have more debt than savings and suggests “that American households fully spent their pandemic-era savings as of March 2024,” they wrote in a recent report. Consumer spending plays a crucial role in driving economic growth in the United States, and it has shown remarkable strength over the past two years. “A continuing strong labor market could help consumers maintain spending patterns similar to those observed recently, even without pandemic-era savings,” they wrote. What comes next: Disney, Airbnb, Uber, Anheuser-Busch, Tapestry and Dillards all report later this week — investors will look for any comments about how consumer spending, or lack thereof, is altering revenue forecasts for 2024.

Persons: Hamza Abdelrahman, Luiz Edgard Oliveira, ”, Austan Goolsbee, ’ ”, Fitch, Sarah Wyeth, Chris Kempczinski, Abdelrahman, Airbnb, Warren Buffett, Berkshire Hathaway, Greg Abel, Buffett, “, Abel, isn’t, Boeing “, Scott Stocker, Read Organizations: CNN Business, Bell, New York CNN, San Francisco Federal Reserve, Chicago Federal, Society for, ”, Shoppers, Tyson Foods, “, Disney, Anheuser, Busch, Berkshire, International Monetary Fund, Industries, Nvidia, Microsoft, FAA, Boeing, Federal Aviation Administration, CNN Locations: New York, United States, Omaha , Nebraska, Omaha, scamming

☆ CNBC TechCheck Evening Edition: May 07, 2024
▼ + stars: | 2024-05-07 | 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 EmailCNBC TechCheck Evening Edition: May 07, 2024CNBC's TechCheck brings you the latest in tech news from CNBC's 1 Market in the heart of San Francisco.

Persons: TechCheck Organizations: CNBC Locations: San Francisco

☆ New York tops the list of the 50 richest cities in the world
▼ + stars: | 2024-05-07 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

New York's millionaire population is now larger than the entire populations of Orlando or Pittsburgh. The Bay Area's millionaire population has surged by 82% over the past decade, to 305,700. The U.S. is home to 11 of top 50 richest cities, according to the report. "Notably, U.S. cities have significantly outperformed other western cities over the past decade when its comes to overall wealth and millionaire growth." Here is the full ranking of the world's richest cities, according to Henley & Partners and New World Wealth:1.

Persons: Andrew Amoils, Amoils, Juerg Steffen, Robert Frank Organizations: Henley & Partners, Area, Federal Reserve, Research, New, London, Sydney Locations: York, California, Orlando, Pittsburgh . New York, Brazil, Italy, Canada, San Francisco, U.S, Tokyo, London, China, Beijing, Singapore, Los Angeles, New York, Area, France, Hong Kong

☆ 5 things to know before the stock market Monday, May 6
▼ + stars: | 2024-05-06 | by ( Michele Luhn | ) www.cnbc.com time to read: +3 min

Feeling optimisticStock futures were higher Monday after ending last week on a positive note in light of a weaker-than-expected jobs report. Last week, the Dow and Nasdaq rose 1.1% and 1.4%, respectively, while the S&P 500 added 0.5%. Buffett's back, all rightWarren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. During the meeting, Buffett also fielded questions from shareholders, opined on the future of artificial intelligence and praised Fed Chair Jerome Powell for his work steering the economy. Final verdictCombination showing Former FTX CEO, Sam Bankman-Fried (L) and Zhao Changpeng (R), founder and chief executive officer of Binance.

Persons: Joseph Prezioso, Warren Buffett, Charlie Munger, Buffett, Greg Abel, Jerome Powell, Sam Bankman, Zhao Changpeng, Mike Segar, Benjamin Girette, Changpeng Zhao, Zhao, Justin Sullivan Organizations: Dow, Nasdaq, Traders, Federal Reserve, Disney, Anadolu Agency, Getty, Berkshire, CNBC, Oracle, Berkshire Hathaway's, Paramount, Reuters, Bloomberg Locations: Omaha , Nebraska, Omaha, San Rafael , California

☆ The US will see a recession by year-end that could spark a 30% drop in the stock market, legendary forecaster Gary Shilling says
▼ + stars: | 2024-05-06 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

A coming recession could end up sparking a "violent correction" in stocks, Gary Shilling told BI. The top forecaster pointed to warning signs of a downturn, such as a weaker job market. AdvertisementInvestors should be prepared for a recession with the potential to send the stock market plummeting this year, according to top forecaster Gary Shilling. That could be the final blow to the stock market rally fueled by investor overconfidence, causing stocks to drop by as much as 30%, Shilling said. Related storiesThe job market, for one, is "obviously slipping" as firms pull back on hiring, Shilling said.

Persons: Gary Shilling, —, overconfidence, Shilling, we've, we're Organizations: Service, Business, Wall, Employers, San Francisco, Treasury

☆ How former Slack and Twitter executive April Underwood used angel investing to create a career in venture capital
▼ + stars: | 2024-05-06 | by ( Leena Rao | ) www.businessinsider.com time to read: +5 min

That entrepreneurial, technology-focused spirit has driven Underwood to an illustrious career at some of the industry's biggest companies, including Google, X, Slack, and Intel. As she built products at these tech giants, Underwood quietly invested in over 50 startups, including the genetics-testing unicorn Color and the cap-table giant Carta. Underwood began investing while at X, then called Twitter, where she was the company's director of product. Shortly after, #Angels was born, the investment collective cofounded by Underwood, Verrilli, Jana Messerschmidt, Chloe Sladden, Katie Stanton, and Vijaya Gadde. Since 2015, the group has backed over 100 startups, including Forward, Clubhouse, Instacart, Material Security, and Airtable.

Persons: Underwood, she'd, Slack, Jessica Verrilli, who'd, Stewart Butterfield, Cal Henderson, Ev Williams, Jack Dorsey, Verrilli, Jana Messerschmidt, Chloe Sladden, Katie Stanton, Vijaya Gadde, you've, I've, they've Organizations: Amarillo College, Business, Google, Intel, GV, Cue, Twitter, Health, Security, Slack Locations: Amarillo , Texas, Amarillo, Termina, San Francisco

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