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Various labor market indicators are also showing growing weakness in the economy, he said. Societe GeneraleNational Federation of Independent Business data shows further labor market weakness is likely to come, as small business hiring plans continue to fall. Both stats would suggest a rising unemployment rate going forward. In the meantime, the labor market has consistently proven resilient despite high interest rates, and stocks have enjoyed an eye-popping rally to new highs. Some also argue that labor market data points like the rising unemployment rate have to be shown with context.
Persons: , Albert Edwards, didn't, Edwards, aren't, we'll, Societe Generale Edwards, Bob Elliott, groupthink Edwards, Alan Greenspan Organizations: Service, Societe Generale, Wall, Business, Societe Generale National Federation of Independent Business, ING, Generale, Unlimited Partners, Bridgewater Associates, of Labor Statistics, Tech
CNN —Seize The Grey bested an eight-horse field to win the 149th running of the Preakness Stakes at a muddy Pimlico Race Course in Baltimore. Entering the race at 9-1 odds, Seize The Grey ran ahead of Kentucky Derby winner Mystik Dan throughout the race. For the first time in 85 years, the Preakness Stakes was being run on a muddy track, conditions which clearly suited the three-year-old colt. Jockey Jaime Torres, competing in his first Preakness Stakes, rode Seize The Grey to a wire-to-wire victory. Rob Carr/Getty ImagesDramatic Kentucky DerbyEntering the race at 18-1 odds, three-year-old Mystik Dan came out victorious after an incredibly close Kentucky Derby.
Persons: Mystik Dan, Jaime Torres, Wayne Lukas, Bob Baffert, Rob Carr, Dan, Young, Brian Hernandez Jr, ” Mystik Dan, Charlie Riedel, Muth, Mystik, Ray Bryner, , He’s, Bryner, Wayne Lukas ’ Organizations: CNN, Kentucky Derby, Preakness, Triple, Derby, Sierra, NBC, Jet Locations: Baltimore, Elmont , New York, Kentucky, Sierra Leone, Faultless, Churchill Downs
The racetrack known as Old Hilltop has long been a safe space for the trainer Bob Baffert. Eight times he has come to Baltimore with a horse fast enough to leave with the blanket of black-eyed Susans that are draped over the withers of the Preakness Stakes winner. The green stakes barn with white trim is a friendly bunker for Baffert. It houses all the horses competing in the second leg of the Triple Crown and is the daylight-to-dusk hub for those who care for them. There are familiar faces, like Baffert’s mentor and friend D. Wayne Lukas, 88, who wears a Stetson better than anyone this side of John Wayne.
Persons: Bob Baffert, D, Wayne Lukas, Stetson, John Wayne, Ken McPeek, Mystik Dan Organizations: Triple Crown, Kentucky Derby Locations: Baltimore
So says Jensen Huang, who co-founded computer chip company Nvidia with fellow engineers Chris Malachowsky and Curtis Priem from a Denny's booth in 1993. None of us knew how to do anything," Huang recently told "60 Minutes" about the origins of the company. Today, Huang has been Nvidia's CEO for more than three decades, and he's grown the company — through ups and downs — into a $2.2 trillion tech giant that's helping to power the artificial intelligence boom. The co-founders had never run a business before, but Huang — a microprocessor designer — believed they could build a graphics processing unit (GPU) that would revolutionize video games and computer graphics, he said. If Huang could go back to 1993 and do it all again, he'd probably bail on Nvidia, he told the "Acquired" podcast in October 2023.
Persons: Jensen Huang, Chris Malachowsky, Curtis Priem, Huang, , he'd Organizations: Nvidia
CNN —French football superstar Kylian Mbappé confirmed he will leave Paris Saint-Germain (PSG) at the end of the season, the 25-year-old said in a video posted on social media Friday. Mbappé said he will not extend his contract with the French club and that he will play his final match at the Parc des Princes on Sunday when PSG hosts Toulouse. “I have always known, but I think I needed this, a new challenge after seven years,” Mbappé said. I haven’t always lived up to the love you all gave me for seven years but I never want to cheat. Mbappé did not mention where he will play next year but earlier this year, he reportedly agreed to join Real Madrid.
Persons: Kylian Mbappé, Germain, Mbappé, , ” Mbappé, haven’t, , Mauroy Organizations: CNN — French, Paris Saint, PSG, Parc des Princes, Sunday, Toulouse, “ PSG, AS Monaco, Real Madrid, Olympique Lyonnais, Stade Pierre Locations: Paris, Parc des, It’s, Villeneuve, d’Ascq, France
Read previewThis as-told-to essay is based on a conversation with Hemant Pandey, a senior software engineer at Meta in California. Over the last seven years, I have interned at Amazon and worked full time at Tesla, SAP, Salesforce, and Meta. Over time, I have solidified an interview preparation strategy that has worked for me and one I share with juniors I mentor. This is what 24 hours before a Big Tech interview look like for me:AdvertisementRead up on past interview questionsI have found that Big Tech interviews largely follow a set pattern of processes. AdvertisementI keep the the last day light, because I don't want to be stressed during the interview or even the day before.
Persons: , Hemant Pandey Organizations: Service, Meta, Business, Amazon, SAP, LinkedIn, Big Tech, Google Locations: California
This story is available exclusively to Business Insider subscribers. Now, Critical Role is striking out on its own with the launch of Beacon, an in-house membership service. AdvertisementBeacon essentially gives people what they get with a Twitch subscription — instant access to VODs of their livestreams, but with some additional perks. The $5.99-a-month Beacon membership comes with exclusive access to additional Critical Role programs. Critical Role CEO Travis Willingham added that with "every windfall," the team continues to "purposefully reinvest" in their company to make more content.
Persons: , Marisha Ray, Ray, Travis Willingham, Matthew Mercer, Twitch Organizations: Service, Business, YouTube, Amazon, Hasbro, Beacon Locations: Twitch, London
We can break down Daniels’ testimony by five critical “C” components:Curiosity: From the moment Daniels entered the room on stage right, the jury’s eyes — indeed, all eyes in the courtroom — were on her. Character: Assistant District Attorney Susan Hoffinger spent the first 15 minutes or so of direct examination introducing Daniels to the jury. Join us on Twitter and FacebookCross: As with every witness in this trial, the defense, in this case the able Susan Necheles, landed some blows. More fundamentally, Necheles challenged the witness’ credibility on the 2006 encounter with Trump, pointing out that Daniels had previously denied it as recently as 2018. The widely anticipated testimony of Stormy Daniels did not disappoint.
Persons: Norman Eisen, , Donald Trump, CNN —, Stormy Daniels, Norm Eisen, Norm Eisen Daniels, Trump, Daniels, Susan Hoffinger, , Hoffinger, Juan Merchan, Michael Cohen, Susan Necheles, Necheles Organizations: CNN, Trump, Prosecutors, Texas, Twitter, Facebook Locations: Manhattan, Baton Rouge , Louisiana
"People are on Reddit talking about what they love to do or what they're going to do. And so, it makes a not only fun experience around communities, but a really natural connection with ... a company's customers." Huffman described the variety of communities on Reddit and highlighted that many revolve around a certain hobby or interest. He said one of the things people do when they discover a new hobby is to discuss what gear they're going to buy in their Reddit community. One windfall for Reddit is its ability to attract and retain users of varying ages, Huffman said.
Persons: Reddit's, Steve Huffman, CNBC's Jim Cramer, Huffman, Wall, they're Locations: Reddit
Three times a day we would gather "off the desk," and I would have to defend every stock we owned. First, there's the obvious mistakes that we have made: Bausch Health and Foot Locker . To signify the changes, he renamed it Bausch Health in 2018, after the eye-care company Valeant bought for $8.7 billion five years earlier. We thought the IPO market would come back, and Bausch Health would win the lawsuit and all would be back on track. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Jeff Marks, Karen Cramer, Cramer, Karen, Max Palevsky, It's, Joseph Papa, Clint Eastwood, Papa, Jim Cramer, Valeant, Bausch, Locker, Mary Dillon, Dillon, Wall, Emerson, Cristiano Amon, Laxman Narasimhan, Howard Schultz, Narasimhan, Benckiser, Kevin Johnson, Schultz, Johnson, it's, , Foot Locker, Jim Cramer's, Jim Organizations: Cramer &, Intel, Charitable Trust, Co, Starbucks, Bausch Health, Pharmaceuticals, Perrigo, Health, Norwich Pharmaceuticals, Former, Emerson Electric, Qualcomm, National, Eaton Corp, Broadcom, Palestine, PepsiCo, Nestle, Elliott Management, Emerson, CNBC, Getty Locations: China, , Israel, U.S, BHC, FL, Jinan, East China's Shandong province
How Humans Failed Racehorses
  + stars: | 2024-05-05 | by ( Joe Drape | ) www.nytimes.com   time to read: +1 min
It was a welcome conclusion for the multibillion-dollar sport imperiled by frequent racing fatalities, reckless breeding, dodgy doping practices and the old-fashioned greed of veterinarians, trainers and owners. Last year, 12 horses perished at Churchill Downs in the days surrounding the famous race. Two weeks later, a horse trained by one of the sport’s most recognized trainers died at Pimlico Race Course. Ambulances rumbled onto the track, emergency workers erected privacy screens and, behind them, vets euthanized the horses with injections. All of it put the social acceptability of one of America’s oldest sports at risk.
Persons: Dan, Forever Young Organizations: Sierra, Forever, Kentucky Derby Locations: Sierra Leone, Japan, America’s, Churchill, Saratoga, New York
The Kentucky Derby, the oldest continuously held major sporting event in the United States, is celebrating its 150th anniversary on Saturday with a new $200 million paddock and a host of safety initiatives meant to curb the horse deaths that marred last year’s event. Revelers at Churchill Downs will be wearing colorful hats and sipping $22 mint juleps from souvenir glasses under the twin spires that stand sentry over this cathedral of horse racing. From the first Derby, won by Aristides in 1875, to this year’s race, one constant has remained. When the announcer declares, “And they’re off,” all involved with getting the top 3-year-old thoroughbreds in the country into the starting gate, from the owners to the trainers to the grooms, hold their breath and hope their horse will cross the finish line first.
Persons: Aristides, Organizations: Kentucky Derby, Derby Locations: United States, Churchill
Hats on and Off at the 150th Kentucky Derby
  + stars: | 2024-05-04 | by ( The Styles Desk | David Kasnic | ) www.nytimes.com   time to read: +1 min
There are many associations that come to mind with the Kentucky Derby. But to be a true participant in the Derby spectacle, one needs a proper Derby hat. The tradition for wearing eye-catching attire to America’s most famous horse race began in the 1870s. The founder of the Kentucky Derby, Meriwether Lewis Clark Jr., was inspired by the fashionable dress codes at events like Ascot in Britain and Paris’s Grand Prix. Creating his own, he figured, would transform his racetrack from a place of ill-repute to one for well-heeled high society.
Persons: Meriwether Lewis Clark Jr, , Organizations: Kentucky Derby, Paris’s, The New York Times, Derby Locations: Derby, Britain, Churchill Downs
Trainer Todd Pletcher watches as Kentucky Derby entrant Fierceness works out on Kentucky Oaks Stakes Day, one day before the 150th running of the Kentucky Derby, at Churchill Downs in Louisville, KY on Friday, May 03, 2024. It's the 150th Kentucky Derby. Wet weather could benefit six horses that have won in the mud or slop before, including early favorites Fierceness and Sierra Leone. The Kentucky Derby winner earns $3.1 million from the record purse of $5 million. Trainer Todd Pletcher, who saddles Fierceness, is in the Kentucky Derby for the 24th year and it never gets old.
Persons: Todd Pletcher, Fierceness, Dan, John Velazquez, Peter Brandt, Larry Demeritte, Demeritte, Young, Wayne Lukas, Frankie Dettori, He's Organizations: Kentucky Derby, Kentucky Oaks, 150th Kentucky Derby, Society, Saratoga Locations: Kentucky, Churchill Downs, Louisville , KY, Churchill, Sierra Leone, Bahamas, Japan, Italian
CNN —Mystik Dan has won the 150th running of the Kentucky Derby in a dramatic photo finish at Churchill Downs on Saturday in Louisville. Over the years the Kentucky Derby has seen sporting drama, controversy and has crowned some of the best race horses in history. Unrivalled historyThe first Kentucky Derby was watched by a crowd of 10,000 people who saw three-year-old chestnut colt Aristides, ridden by jockey Oliver Lewis, triumph at Churchill Downs. The race, pictured here in 1978, has been run at Churchill Downs every year since its inauguration. Bob Baffert ban extendedThe 150th edition of the Kentucky Derby was run without arguably the most recognizable name in the sport, Bob Baffert.
Persons: Mystik Dan, Dan, Forever Young, Bob Baffert, Sierra Leone, Brian Hernandez Jr, Rob Carr, , Hernandez Jr, Kenny McPeek, Aristides, Oliver Lewis, revel, Charlie Riedel, Medina, Baffert “, Muth Organizations: CNN, Kentucky Derby, Churchill, Sierra, Forever, Triple Crown, Derby, NBC, Jet, AP, Churchill Downs, Churchill Downs Incorporated Locations: Louisville, Sierra Leone, Baltimore , Maryland, Faultless, Churchill Downs, Churchill, Medina, Kentucky
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBerkshire board member Ron Olson says Greg Abel has the ability to make quick and solid judgmentsBerkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting. Berkshire Hathaway board member Ron Olson sits downs with CNBC's Michael Santoli and Becky Quick to discuss Warren Buffett’s successor, how the board sees Greg Abel, and more.
Persons: Ron Olson, Greg Abel, Berkshire Hathaway, Warren Buffett, CNBC's Michael Santoli, Becky Quick, Warren Buffett’s Organizations: Berkshire Hathaway, Berkshire Locations: Berkshire
We'll show you all of your best options when it comes to how to watch the Kentucky Derby, including live streams. How to watch the Kentucky Derby in the USKentucky Derby coverage falls under the NBCUniversal umbrella in the US. Shop at Peacock TVHow to watch the Kentucky Derby in the UKThe Kentucky Derby will air on Sky Sports in the UK. How to watch the Kentucky Derby in IrelandIn Ireland, the Kentucky Derby will stream through Virgin Media 2. How to watch the Kentucky Derby from anywhereIf you're outside of Ireland at race time but are still hoping to access the free Kentucky Derby live stream, you can use a VPN (virtual private network).
Persons: Mage, Peacock, ExpressVPN Organizations: Business, Kentucky Derby, USA Network, NBC, Sky Sports, Virgin Media Locations: Churchill, American, Churchill Down, Louisville , Kentucky, Kentucky, Ireland
“I noticed all my memories were really gambling related,” Malek explains to CNN Sport. So right where the AGA and the National Council for Problem Gambling is located – the nation’s capital – they abolished all public funds for problem gambling,” adds Whyte. Ramon Zelaya, the moderator of Reddit’s problem gambling forum, concurs. “I think the pace of innovation right now, particularly as it relates to fan engagement and betting, and in play betting and live betting will continue to increase,” said Maloney. Reportedly there were two specific games in which DraftKings Sportsbook flagged prop bets involving Porter in its daily betting insights.
Persons: CNN —, Saul Malek, he’d, , ” Malek, I’d, Malek, , Michael Reaves, Getty, Dominick Reuter, Joe Maloney, ” Maloney, ” Keith Whyte, Maloney, “ We’re, Al Bello, Whyte, “ We’ve, LeBron James ’, DraftKings, you’re, Greg Olsen, Jared C, Tilton, Adam Silver, Silver, Ramon Zelaya, ” Zelaya, “ I’ve, Sportradar, expained, Candice Ward, Reuters Maloney, Jontay Porter, Porter, “ It’s, Brian Sevald Organizations: CNN, CNN Sport, Gamblers Anonymous, Saturday’s Kentucky Derby, Kentucky Derby, Supreme, District of Columbia, Super, American Gaming, Monmouth, Getty, , Republicans, National Council, Belmont Park, ESPN, NCAA, NFL, NASCAR Hall of Fame, NBA, Reuters, Sporting, Toronto Raptors Locations: Saturday’s, Churchill, Nevada, Monmouth, Oceanport , New Jersey, AFP, America, New York, Belmont, District, , North Carolina
In the world according to Mike Repole, everyone involved in horse racing is a dummy. Except him, Mike from Queens or the Commish, as some of his followers on X call him. Stuart S. Janney III, chairman of the nonprofit Jockey Club, is clueless and tone deaf and has run the sport into the ground, Repole says. Churchill Downs Inc., which hosts the Kentucky Derby, is cheap: The $3 million purse for America’s most famous race should be much more, and the racetrack treats Repole and other owners badly. Forget about John Stewart, a new owner bringing fresh energy and big money into the game.
Persons: Mike Repole, Mike, Stuart S, Janney III, John Stewart Organizations: Jockey Club, Churchill Downs Inc, Kentucky Derby Locations: Queens, Churchill
Moderna on Thursday posted a narrower-than-expected loss for the first quarter as the company's cost-cutting efforts took hold and sales of its Covid vaccine, its only commercially available product, topped estimates. The biotech company booked first-quarter sales of $167 million, with revenue from its Covid shot dropping roughly 90% from the same period a year ago. The company reiterated its full-year 2024 sales guidance of roughly $4 billion, which includes revenue from its RSV vaccine. For the first quarter, Mock said the company is "more encouraged by what we're seeing from a productivity perspective" than the higher sales of its Covid vaccine. Cost of sales was $96 million for the fourth quarter, down 88% from the same period a year ago.
Persons: we've, Stéphane Bancel, Jamey Mock, Mock, OpenAI Organizations: Moderna, LSEG, CNBC, Research, Mock, Merck Locations: Moderna, U.S, America
Banks help fund the vast majority of renewable energy projects through tax equity investments, which allow the banks to benefit from federal tax credits for renewable energy. Currently, renewable energy draws $18 billion to $20 billion annually through tax equity investments, according to the American Council on Renewable Energy. "Many people joke that we're on the 'solar-coaster,'" Torres said about the ups and downs of renewable energy. The higher capital requirements for renewable energy projects in Basel III puts the regulation on a collision course with the Biden administration's push for cleaner and greener energy sources. "The clean energy industry's experience with tax equity investments does not warrant such a radical change," the group's letter read.
Persons: Julian Torres, Torres, he's, Banks, Jerome Powell, Biden, Dominic Lacy, Sean Casten Organizations: D.C, Gallaudet University, Washington , D.C, Gallaudet, Federal Reserve, FDIC, American Council, Renewable Energy, Basel III, Tesla, American Bankers Association, Bank, Institute, Clean Energy State Alliance Locations: Washington ,, Basel
Demonstrators supporting Palestinians in Gaza barricade themselves inside Hamilton Hall at Columbia University in New York City on April 30. On Tuesday, White House officials sharply condemned the takeover of a building at Columbia University, voicing a rebuke of tactics they said went too far. Before police were deployed to campus, pro-Palestinian protesters and Israel supporters were clashing at the school , according to multiple reports. Joseph Prezioso/AFP/Getty Images Columbia University students gather for a picket organized by the Student Workers Union (UAW Local 2710) on Monday, April 29. Stefan Jeremiah/AP Israeli flags are reflected in the sunglasses of a demonstrator in front of Columbia University on April 22.
Persons: Joe Biden, Biden, , Mike Johnson, , Karine Jean, Pierre, hadn’t, Alex Kent, Jean, ” Biden, , “ Biden, nobody’s, Donald Trump, Lauren Hitt, haven’t, Etienne Laurent, Frederic J . Brown, Caitlin Ochs, David Dee Delgado, Spencer Platt, Charly Triballeau, Kena Betancur, Seyma, Joseph Prezioso, Suzanne Cordeiro, Diane Handal, Cliff Owen, Qian Weizhong, Mike Stewart, Sarah Reingewirtz, Jay Janner, Brandon Bell, Brian Snyder, Timothy A, Clary, Matthew Hatcher, Nuri Vallbona, Jordan Vonderhaar, Zaydee Sanchez, Cameron Jones, Stephanie Keith, Andres Kudacki, Tayfun, Joe Buglewicz, Fatih Aktas, Michael M, Mary Altaffer, Scott Eisen, Columbia's, Stefan Jeremiah, Selcuk, Morehouse, , Karim Safieddine, ” Safieddine, Todd Richmond, Dahlia Saba, Trump, ” Saba, ” Barry Burden, ” Burden, that’s Organizations: CNN, Hamilton Hall, Columbia University, Getty, US, White, Heritage Month, Republican, Fox News, National Guard, Kent State University, University of California, UCLA, Getty Images Police, Police, Hamilton, Reuters Police, Columbia, Reuters, The City College of New, Protesters, Getty Images, Columbia Students, Justice, Brown University, Getty Images Columbia University, Student Workers Union, UAW, University of Texas, Low, George Washington University, AP, Sunday, New York University, Rueters Georgia State Patrol, Emory University, MediaNews, Los Angeles Daily News, Austin Statesman, USA, Network, Austin, University, Emerson College, Swarthmore College, Bloomberg, University of Southern, Reuters New York, Reuters Columbia, New York Times, Sproul Hall, Yale University, University police, York University, The New School, Massachusetts Institute of Technology, Library, Democratic, US Military Academy, West, Morehouse College, Biden, Syracuse University, University of Pittsburgh, United Steel, Trump, University of Wisconsin, Madison, Democratic Party, Elections Research Locations: New York, Los Angeles, Israel, Gaza, America, spokespeople, New York City, November’s, AFP, The City College of New York, Columbia, Columbia's, Palestine, Providence , Rhode Island, Texas, Austin, Washington ,, New, Rueters Georgia, Atlanta, Getty Images Texas, Boston, Swarthmore , Pennsylvania, University of Southern California, Berkeley, Sproul, Anadolu, New Haven , Connecticut, Cambridge, Vietnam, Biden’s, Pittsburgh, Milwaukee, Chicago
All that has caused the spring homebuying season to take a timeout — and could spell trouble for the remainder of the year. Since 1999, more than a third of home sales for the entire year occur between March and June on average, according to Freddie Mac data. Given the Fed is in no rush to cut interest rates, Khater expects mortgage rates to remain elevated for longer. Taken together, all these factors will likely put upward pressure on home prices, Khater and his team said in the report. “Our outlook does depend on mortgage rates, which are creating their own seasonality,” she added.
Persons: That’s, ” Zillow, Nicole Bachaud, “ Buyers, Bachaud, Sam Khater, Freddie Mac, Khater, Organizations: New, New York CNN, Federal Reserve, CNN, , Fed Locations: New York, Texas, Florida
CNN —Francis Ngannou’s 15-month-old son Kobe has died, the MMA fighter and boxer posted on Monday. “Too soon to leave but yet he’s gone,” Ngannou wrote on Instagram. “My little boy, my mate, my partner Kobe was full of life and joy. I shouted his name over and over but he’s not responding.”Ngannou didn’t disclose the cause of his son’s death. I’m f*cking tired.”Many of Ngannou’s contemporaries offered their condolences to the 37-year-old fighter, including former UFC champion Conor McGregor.
Persons: CNN — Francis Ngannou’s, , ” Ngannou, Kobe, he’s, ” Ngannou didn’t, , Ngannou, Conor McGregor, Francis, Marquel Martin, ” Martin, We’ve, Eric Nicksick, “ You’ve, ” Nicksick, “ Lean, we’ll, You’re, Tyson Fury, Anthony Joshua Organizations: CNN, MMA, UFC Locations: Kobe
The ordeal is just the latest hindrance to Zhang’s research since 2020, according to a colleague who has been in contact with the Chinese scientist in recent years. The “institute always respects … and supports scientific researchers and students in carrying out normal research work,” the statement said. The earlier post by Zhang’s students said the two days originally allocated by the center for them to move their scientific work was insufficient. Following the release of the data, Zhang’s lab had limitations placed on it, which barred it from isolating the Covid virus, Holmes said. That included imposing restrictions by April 2020 on the publication of academic research on the origins of the novel coronavirus.
Persons: Zhang Yongzhen’s, Zhang, , hadn’t, Hector Retamal, Edward Holmes, Holmes, ” Holmes, , He’s, Zhang Yongzhen, ” Zhang, “ He’s, It’s, virologist Organizations: Hong Kong CNN —, Shanghai, Health, Weibo, Zhang’s, Chinese Center for Disease Control, CNN, Fudan University, Health Clinical, Getty, World Health Organization, Nature, University, Sydney, CDC, China’s National Health Commission, Oxford University Press, Shanghai Public Health Center, Natural Science Foundation of China Locations: China, Hong Kong, Shanghai, Wuhan, AFP, Beijing
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