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☆ A recession in early 2025 could send the stock market tumbling 30%, strategist says
▼ + stars: | 2024-05-07 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +3 min

A recession by early next year could send stocks down 30%, says BCA strategist Roukaya Ibrahim. AdvertisementThere are two factors signaling a recession by year-end or early 2025, and a downturn could spark a 30% correction in stocks, according to BCA strategist Roukaya Ibrahim. "But eventually, the unemployment rate is going to take higher and that's going to lead to concerns about a recession." Ibrahim isn't alone in calling a recession and a steep plunge in the stock market. Wall Street veteran Gary Shilling, known for predicting the mid-2000s mortgage bubble, is also forecasting a 30% stock market crash by the end of this year, with a recession likely to crush speculative bets that have piled up in recent years.

Persons: Roukaya Ibrahim, Gary Shilling, —, Ibrahim, Ibrahim isn't Organizations: Wall Street, Service, Bloomberg Locations: Friday's, China, Europe

☆ Jamal Murray: Denver Nuggets star throws heat pack on court, labeled ‘inexcusable’ and ‘dangerous’ by Minnesota head coach
▼ + stars: | 2024-05-07 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +3 min

CNN —Denver Nuggets star point guard Jamal Murray has come under criticism after he was spotted throwing a heat pack onto the court during the reigning champions’ 106-80 playoff loss against the Minnesota Timberwolves on Monday. While on the bench toward the end of the second quarter, Murray could be seen throwing the heat pack while the Timberwolves were on offense. The object landed near the basket with several players in the vicinity of the heat pack. Murray’s behavior was described as “inexcusable” and “dangerous” by Timberwolves head coach Chris Finch following the conclusion of the game. I knew a heating pack was on the floor, but it was not in my field of vision.”Per various reporters, Murray did not speak to the media following the game.

Persons: Jamal Murray, Murray, Chris Finch, Finch, “, ” Finch, Marc Davis, ” Davis, Michael Malone, ” Malone, ”, Isaiah J, Downing, Malone Organizations: CNN, Denver Nuggets, ’, Minnesota Timberwolves, Timberwolves, Denver, Nuggets, USA, Reuters, NBA, ESPN, ”, Canadian, Target Center Locations: Reuters Denver, Denver, Minneapolis

☆ 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

The 2024 Met Gala was held in New York City on Monday night. Celebrity couples were some of the night's best-dressed and nailed the " Sleeping Beauties" theme. AdvertisementCelebrity couples were some of the best-dressed stars of the 2024 Met Gala. Hosted at the Metropolitan Museum of Art in New York City on Monday, the annual fundraising ball welcomed guests to view the latest Costume Institute exhibit, titled "Sleeping Beauties: Reawakening Fashion." This story is available exclusively to Business Insider subscribers.

Persons: Rita Ora, Taika, — Organizations: Service, Metropolitan Museum of Art, Business Locations: New York City

☆ Biden to call for a fight against antisemitism at a precarious moment in Israel’s war in Gaza and amid protests on campus
▼ + stars: | 2024-05-07 | by ( Betsy Klein | Mj Lee | ) edition.cnn.com time to read: +11 min

Washington CNN —President Joe Biden on Tuesday aims to issue a clarion call to fight a swiftly rising tide of antisemitism amid a precarious moment in Israel’s war against Hamas and as protests have swept American college campuses, laying bare Biden’s trouble with some young voters. Biden’s longtime and stalwart support for Israel has come under intense pressure as the humanitarian crisis in Gaza grows. The president plans to address the long history of antisemitism and issue what one senior administration official familiar with the remarks described as a “call to action” on combatting antisemitism. The protests are not expected to be a major part of the speech, the official added. However, Biden does not intend to use his speech on Tuesday to delve into Middle East policy or the current situation in Israel or Gaza.

Persons: Joe Biden, Biden’s, Israel, Biden, White, “ recommit, ” Biden, Karine Jean, Pierre, ” Jonathan Greenblatt, John Kirby, Biden “, Benjamin Netanyahu, it’s, Jean, ”, “, Miguel Cardona, Doug Emhoff, Yom HaShoah, Donald Trump’s, Trump, Adolf Hitler “, CNN’s Dana Bash Organizations: Washington CNN, US, White, CNN, Defamation League, ADL, Hamas, National Security, Qatari, White House, Education’s, Civil, Department of Homeland Security, DHS, Department’s Office, Institute of Politics, Harvard University’s Kennedy Locations: Israel, Gaza, Cairo, Doha, Qatar, Gazan, Rafah, America, Poland

☆ Russia's former president threatened nuclear attacks on Western capital cities if NATO sends any troops to Ukraine
▼ + stars: | 2024-05-07 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Dmitry Medvedev is at it again, threatening Western leaders with nuclear attacks if they cross a line. Medvedev says no leaders in Washington, Paris, and London won't "be able to hide" if they send troops to Ukraine. AdvertisementFormer Russian President Dmitry Medvedev on Monday threatened nuclear strikes on Western leaders who want to send their troops to Ukraine, doubling down on his increasingly hostile rhetoric toward the North Atlantic Treaty Organization. Related storiesStrategic nuclear weapons are those typically launched via intercontinental ballistic missiles. But such threats have also been categorized as bluffs by Western leaders, who say the Kremlin hopes to scare Ukraine's allies off.

Persons: Dmitry Medvedev, Medvedev, —, nonstrategic, Vladimir Putin, Putin, isn't, Emmanuel Macron, Macron, Sinead Baker, Tony Soprano's, Edward Lucas Organizations: London, Service, Atlantic Treaty Organization, NATO, Capitol, Monday, Russia's, Hague, Center for, Russia's Security Locations: Washington, Paris, Ukraine, Russian, France, Baltics, Poland, Kyiv, Russia, Ukraine's, Elysee, Downing Street, Moscow

☆ US paused shipment of bombs to Israel amid concerns over potential use in Rafah incursion, US official says
▼ + stars: | 2024-05-07 | by ( Oren Liebermann | ) edition.cnn.com time to read: +4 min

CNN —The United States paused a shipment of bombs to Israel amid concerns over their potential use in a Rafah incursion, according to a US official. The shipment, which was held back last week, includes 1,800 bombs weighing 2,000 pounds and 1,700 bombs weighing 500 pounds. CNN reported over the weekend that one shipment of ammunition to Israel had been paused, but the reason was unclear. On Monday, Israel carried out what the US described as a “limited” operation in Rafah, taking over the border crossing with Egypt that is a vital lifeline for humanitarian aid. “We have not made a final determination on how to proceed with this shipment,” the official said.

Persons: Biden, Israel, ”, Matt Miller, “, Pat Ryder, Benjamin Netanyahu, Israel’s, Ali Jadallah, Marc Garlasco, Sabrina Singh, “ You’ve, You’ve, I’m Organizations: CNN, Pentagon, US, Getty, UN Locations: United, Israel, Rafah, Gaza, Egypt, Anadolu, Israel’s, Vietnam

☆ Palantir made a ton of money this year thanks to strong US demand. But don't expect much growth in Europe.
▼ + stars: | 2024-05-07 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. We are on fire," said Palantir CEO Alex Karp on Monday's earnings call. International commercial revenue for the first quarter was $149 million — down 3% from the prior quarter, but up 16% year-on-year. And international government revenue was down 9% from the prior quarter, to $79 million — though up 33% year-on-year. Karp addressed the matter in the call as well, saying Palantir is the first call for Western allies in global conflicts.

Persons: —, Alex Karp, Palantir's, General Mills, Karp, Dave Glazer, Glazer, Palantir, it's Organizations: Service, Business, Cleveland Clinic, General, DC Locations: Denver , Colorado, Europe, Israel, Ukraine, America, Palestine, Washington

☆ A high-stakes report looms over Biden on whether Israel violated international law
▼ + stars: | 2024-05-07 | by ( Kylie Atwood | Jennifer Hansler | ) edition.cnn.com time to read: +19 min

Nic Antaya/Getty Images Pro-Palestinian protesters demonstrate on the New York University campus in New York on Friday, May 3. Mike Blake/Reuters Pro-Palestinian protesters stand their ground after police breached their encampment at UCLA on May 2. 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: CNN —, Biden, Joe Biden, Benjamin Netanyahu, Antony Blinken, “, Matthew Miller, Adam Schultz, Netanyahu, Israel, Mahmud Hams, It’s, ”, Democratic Sen, Chris Van Hollen, Sen, Alex Brandon, Van Hollen, Miller, ” Miller, Melissa Overton, Nic Antaya, Seth Harrison, Jenny Kane, Chip Somodevilla, Mathieu Lewis, Rolland, Craig Hudson, Emma, Roberto Schmidt, Etienne Laurent, Mike Blake, Spencer Platt, Frederic J . Brown, Caitlin Ochs, David Dee Delgado, Charly Triballeau, Kena Betancur, Seyma, Alex Kent, Joseph Prezioso, Suzanne Cordeiro, Diane Handal, Cliff Owen, Qian Weizhong, Mike Stewart, Sarah Reingewirtz, Jay Janner, Brandon Bell, Brian Snyder, Mike Johnson, 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 Organizations: CNN, State Department, Israeli, Congress, Hamas, Capitol, ”, National Security, Getty, State Department’s Bureau, Political, Military Affairs, Defense Department and National Security Council, Biden, Israel, Palestinian, Israel Defense Forces, United Nations Office, Human Rights, Biden Democrats, Democratic, Democratic Party, Republican, Department, Protesters, University of Michigan's, New York University, Westchester County Journal, USA, Network Police, Portland State University, AP, George Washington University, The George Washington University, AFP, Police, University of California, UCLA, Reuters, Fordham, Lincoln Center, Getty Images Police, Hamilton, Columbia University, Reuters Police, Columbia, The City College of New, Getty Images, Columbia Students, Justice, Hamilton Hall, Brown University, Getty Images Columbia University, Student Workers Union, UAW, University of Texas, Low, Sunday, Rueters Georgia State Patrol, Emory University, MediaNews, Los Angeles Daily News, Austin Statesman, 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, USAID Locations: Israel, Gaza, Rafah, Capitol Hill, Iran, Palestinian American, Jabalia, AFP, Ann Arbor , Michigan, New York, Westchester, Portland , Oregon, Washington ,, Portland, The, Los Angeles, The City College of New York, Columbia, Columbia's, Palestine, Providence , Rhode Island, Texas, Austin, New, Rueters Georgia, Atlanta, Getty Images Texas, Boston, Swarthmore , Pennsylvania, University of Southern California, Berkeley, Sproul, Anadolu, New Haven , Connecticut, Cambridge

☆ China's Xi backs Macron call for global Olympic truce
▼ + stars: | 2024-05-07 | by ( ) www.cnbc.com time to read: +3 min

Emmanuel Macron, France's president, right, greets Xi Jinping, China's president, ahead of the state dinner marking the visit at the Elysee Palace in Paris, France, on Monday, May 6, 2024. Xi called on France to help fend off a "new Cold War" as the EU increasingly aligns with U.S. concerns over security risks and trade tensions. China's President Xi Jingping on Monday called for a global truce during the Olympic Games in Paris this summer after the French president and the head of the European Commission urged him to use his influence on Russia to end its war in Ukraine. As member of the United Nations Security Council and as a responsible country, China urges with France for a truce in the world during the Paris Olympic games," Xi said, speaking through an interpreter alongside Macron during a joint statement. Russia has previously been lukewarm about a truce saying Ukraine might use it as an opportunity to regroup and rearm.

Persons: Emmanuel Macron, Xi Jinping, Xi, Xi Jingping, Ursula von der, Macron, Vladimir Putin, Putin's Organizations: Olympic Games, European Commission, United Nations Security Council, Paris Olympic, Paris, Games, Paralympic Games Locations: Paris, France, EU, Russia, Ukraine, Europe, China, Moscow, Russian, Switzerland

☆ Israeli forces take control of the Gaza side of the Rafah border crossing with Egypt
▼ + stars: | 2024-05-07 | by ( ) www.cnbc.com time to read: +3 min

An Israeli tank brigade seized control Tuesday of the Gaza Strip side of the Rafah border crossing with Egypt, authorities said, moving forward with an offensive in the southern city even as cease-fire negotiations with Hamas remain on a knife's edge. The Israeli 401st Brigade entered the Rafah crossing early Tuesday morning, the Israeli military said, taking "operational control" of the crucial crossing. Footage released by the Israeli military showed a tank entering the crossing. The Israeli military claimed it seized the crossing after receiving intelligence it was "being used for terrorist purposes." Wael Abu Omar, a spokesman for the Palestinian Crossings Authority, acknowledged Israeli forces had seized the crossing and had closed the facility for the time being.

Persons: brinkmanship, Wael Abu Omar, Israel that's Organizations: Palestinian, Hamas, Israeli 401st Brigade, Palestinian Crossings Authority, Egyptian Foreign Ministry Locations: Rafah, Gaza, Israel, Israeli, Egypt, Kerem, Wael, United States

☆ Kim Kardashian doesn't care what you think. She'll keep wearing extreme corsets to the Met Gala.
▼ + stars: | 2024-05-07 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +3 min

Kim Kardashian returned to the Met Gala on Monday night in another extreme corset. In 2019, Kardashian wore a corset that was so tight she had to take special breathing lessons. AdvertisementSome people have extreme sports, Kim Kardashian has the Met Gala. Kardashian wore a custom John Galliano ensemble to the Met Gala on Monday night. Gilbert Flores/Variety via Getty ImagesKardashian is known for taking extreme measures to pull off her big Met Gala moments.

Persons: Kim Kardashian, John Galliano, Kardashian, —, Dimitrios Kambouris, Gilbert Flores, Thierry Mugler, Kevin Mazur, I'm, Marilyn Monroe's, Monroe, John F, Kennedy, Angela Weiss, Bob Mackie Organizations: Service, Metropolitan Museum of Art, The Met Museum, Variety, Getty, Vogue

☆ Tesla Chairwoman Robyn Denholm has sold over $50 million worth of stock in 2024
▼ + stars: | 2024-05-07 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

Tesla Chairwoman Robyn Denholm has just sold $17.3 million worth of her shares in the electric vehicle maker, according to a filing Monday, bringing her total stock sales this year to more than $50 million. Former Tesla Senior Vice President Drew Baglino, who announced his resignation in mid-April, sold shares worth around $181.5 million soon after his departure, according to a filing. In Denholm's early years on the Tesla board, she served on the audit committee. Before joining the Tesla board, Denholm served in executive roles at Sun Microsystems, and in finance roles at Toyota in Australia and at accounting firm Arthur Andersen. In her opinion, Chancellor Kathaleen McCormick wrote that by serving on Tesla's board, Denholm received "life-changing" compensation, which "far exceeded the compensation she received from other sources."

Persons: Robyn Denholm, Tesla, Denholm, Drew Baglino, Kathleen Wilson, Thompson, Elon Musk, hasn't, Musk, Arthur Andersen, —, Chancellor Kathaleen McCormick Organizations: Tesla Inc, American, of Commerce, Tesla, SEC, Sun Microsystems, Toyota Locations: Australia, Sydney, what's, Delaware

☆ GM wants to scoop up interns impacted by Tesla's cuts, recruiter says
▼ + stars: | 2024-05-07 | by ( Grace Kay | ) www.businessinsider.com time to read: +2 min

General Motors is seeking to recruit students impacted by Tesla's recent internship rescindments. This story is available exclusively to Business Insider subscribers. "In light of recent industry news, GM is extending an invite to software students who may have been impacted from the changes in Tesla's upcoming summer internship cohort," the recruiter wrote. Del Amo and a spokesperson for GM did not respond to a request for comment from Business Insider ahead of publication. On Monday, Tesla workers entered their fourth week of layoff notices.

Persons: Motors, Tesla, —, Laura del Amo, who'd, Del, Elon Musk, It's, Kurt Kelty, JP Clausen, Austin Gigafactory Organizations: GM, Service, LinkedIn, Business, Tesla Locations: Detroit, Del Amo

☆ Disney's earnings sell-off opens the door to buy back stock we sold higher
▼ + stars: | 2024-05-07 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. That trust had been shaken by Palo Alto's brutal report in February, which caused a steep sell-off in the stock. 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, Morgan Stanley, It's, Jeff Marks, we're, Palo, We've, Jim Cramer's, Nikesh Arora, Jim Organizations: CNBC, Dow, Nasdaq, Costco, Disney, Barclays, Palo Alto Networks Locations: Government, Palo Alto

☆ Founder of Google DeepMind who was poached explains his first month at Microsoft
▼ + stars: | 2024-05-07 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

Mustafa Suleyman, a founder of Google's DeepMind AI lab, has worked for Microsoft for about a month. Microsoft, Suleyman said, is "a truly AI-first business." Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementMustafa Suleyman, who co-founded Google's DeepMind AI lab and was the chief executive of the startup Inflection AI before Microsoft lured him away in March, is excited about his new gig. 5/5 At Microsoft AI we are up for this.

Persons: Mustafa Suleyman, Google's, Suleyman, —, I've, It's, it's, — Mustafa Suleyman, Satya Nadella, Kevin Scott, Nadella, Suleyman's, he's Organizations: Microsoft, Service, Business

☆ Microsoft's partnership with OpenAI was 'basically a bet,' says CTO Kevin Scott
▼ + stars: | 2024-05-07 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Read previewMicrosoft's chief technology officer said partnering with OpenAI was "basically a bet" on Sam Altman's company. Kevin Scott gave insight into his decision-making that led to Microsoft's alliance with OpenAI in 2019 on an episode of Reid Hoffman's podcast "Possible" last week. This story is available exclusively to Business Insider subscribers. It was sent just weeks before Microsoft announced its $1 billion investment in OpenAI and subsequent partnership. Microsoft didn't immediately respond to a request for comment from Business Insider, sent outside normal working hours.

Persons: —, OpenAI, Sam Altman's, Kevin Scott, Reid, Scott, who's, Bill Gates, Satya Nadella, OpenAI's, Turing, Phi Organizations: Service, OpenAI, Business, Microsoft, Department, Google, MAI Locations: OpenAI

☆ 12 details you missed during this year's Met Gala
▼ + stars: | 2024-05-07 | by ( Amory Rose | ) www.businessinsider.com time to read: +1 min

Many stars attended the "Sleeping Beauties: Reawakening Fashion" Met Gala on Monday. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOn Monday, dozens of celebrities descended upon the steps of the Metropolitan Museum of Art for this year's Met Gala — "Sleeping Beauties: Reawakening Fashion." And although the outfits come with a high price tag, attending the Met Gala also isn't cheap — tickets for this year's Met Gala cost about $35,000 each, and entire tables can cost up to $300,000. This story is available exclusively to Business Insider subscribers.

Persons: Zendaya, Moore's, —, J.G . Ballard Organizations: Service, Metropolitan Museum of Art, Business

☆ A Russian helicopter fought an unusual Ukrainian drone armed with heat-seeking missiles, war watchers say
▼ + stars: | 2024-05-07 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

Ukraine used exploding drone boats to attack Russian naval assets on Monday. AdvertisementUkraine appears to be arming its naval drones with heat-seeking missiles to defend against air attacks, an unusual innovation for Kyiv's growing arsenal of explosive unmanned systems. Equipping the Ukrainian drones with this kind of air-combat munition could help them defend against aerial attacks, war watchers suspect. In the Black Sea, Russian forces spotted a Ukrainian USV armed with a twin rail launcher for R-73 all-aspect IR homing air-to-air missiles. Monday's naval drone attack marked the latest strike on a Russian naval asset.

Persons: —, 🐈🇺 Organizations: Service, br Locations: Ukraine, Russian, Crimean, Moscow, Ukrainian, Crimea, Kherson

☆ Global Music Artist will.i.am: Over-regulating AI will stop innovation
▼ + 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 EmailGlobal Music Artist will.i.am: Over-regulating AI will stop innovationHosted 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

☆ Oleksandr Pielieshenko: Olympic weightlifter from Ukraine dies fighting in war with Russia
▼ + stars: | 2024-05-07 | by ( Kevin Dotson | ) edition.cnn.com time to read: +1 min

CNN —Weightlifter Oleksandr Pielieshenko, who competed for Ukraine at the 2016 Rio Olympics, has died while fighting in his country’s war with Russia, according to statements from the Ukraine Olympic Committee and the Ukraine Weightlifting Federation posted Monday. The 30-year-old Pielieshenko was a two-time European gold medalist, winning the 85kg weight class at the 2016 and 2017 European Weightlifting Championships. “We express our deepest condolences to the family and everyone who knew Oleksandr!” the Ukraine Weightlifting Federation said Monday in its statement. CNN has reached out to the Ukraine Olympic Committee and the Ukraine Weightlifting Federation for more information. Ukrainian national weightlifting coach Viktor Slobodianiuk said in a social media post: “War takes the best… Honored Master of Sports of Ukraine, two-time European champion, Olympic weightlifting contestant Oleksandr Pielieshenko heroically died defending Ukraine from invaders.

Persons: Oleksandr Pielieshenko, “, Ukraine Oleksandr Pielieshenko, ”, Oleksandr, Bright, Viktor Slobodianiuk Organizations: CNN, Ukraine Olympic Committee, Ukraine Weightlifting, Olympic, Armed Forces, Ukraine Weightlifting Federation, Sports Locations: Ukraine, Russia, Ukrainian

☆ Hamas’s Offer to Hand Over 33 Hostages Includes Some Who Are Dead
▼ + stars: | 2024-05-07 | by ( Peter Baker | More About Peter Baker | ) www.nytimes.com time to read: +1 min

The disclosure came as part of Hamas’s counteroffer to Israel’s latest proposal, which envisions a first-phase, six-week cease-fire in exchange for the return of some of the hostages taken during the Oct. 7 terrorist attacks. It was not clear whether Hamas revealed how many of the 33 are still alive and how many are dead. The Israelis initially wanted 40 to be released in the first phase but came to understand that Hamas did not hold that many who fit the criteria. Israeli and American officials have long assumed that some of the hostages may be dead. Protesters blocked major roads in Jerusalem and Tel Aviv late Monday after Hamas’s counteroffer.

Persons: Benjamin Netanyahu’s, Hamas’s counteroffer Locations: Israel, Jerusalem, Tel Aviv

☆ In Europe, Xi looks to counter claims it’s aiding Russia in Ukraine
▼ + stars: | 2024-05-07 | by ( Simone Mccarthy | Xiaofei Xu | ) edition.cnn.com time to read: +6 min

“China is neither the creator of the crisis, nor a party to it or a participant. The trip will also see Xi visit Serbia and Hungary, with the leader’s visit to Belgrade coinciding with the 25th anniversary of NATO’s bombing of the Chinese embassy in the city that killed three. Beijing has defended its trade with Russia as part of normal bilateral ties; it also says it does not provide weapons to parties in conflict. It has not been accused of sending lethal weapons to Russia, but rather goods with military use. Beijing supports efforts recognized by both Russia and Ukraine, with “equal and just discussions of all possible peace plans at the conference,” he said.

Persons: Xi Jinping, ” Xi, Emmanuel Macron, Ursula von der, “, ramped, Macron, Xi “, he’s, ”, ” Macron, presser, Xi, Vladimir Putin, von der Leyen, Putin Organizations: Hong Kong CNN, French, European, NATO, Biden, Kyiv Locations: Hong Kong, Ukraine, China, Europe, Moscow, “ China, Paris, Washington, Beijing, Russian, Serbia, Hungary, Belgrade, Serbian, Balkans, Russia, France, “, Israel, Switzerland

☆ Oil edges up after Israel strikes Gaza, while truce talks continue
▼ + stars: | 2024-05-07 | by ( ) www.cnbc.com time to read: +1 min

Oil rig and pump of H&P Rig 488 in Stanton, Texas, on June 8, 2023. Oil prices ticked up early on Tuesday after Israel struck Rafah in Gaza while negotiations for a ceasefire with Hamas continued without resolution. Israeli forces struck Rafah on Gaza's southern edge from the air and ground and ordered residents to leave parts of the city, which has been a refuge for more than a million displaced Palestinians. Riyadh's move to raise the official selling prices for its crude sold to Asia, Northwest Europe and the Mediterranean in June also supported prices, signaling expectations of strong demand this summer. The world's top exporter hiked its flagship Arab Light crude oil price to Asia to $2.90 a barrel above the Oman/Dubai average in June, the highest since January and at the upper end of traders' expectations in a Reuters survey.

Persons: Israel Organizations: Brent, U.S, West Texas, Hamas Locations: Stanton , Texas, Israel, Rafah, Gaza, Israeli, Asia, Northwest Europe, Oman, Dubai

☆ 19 celebrities who nailed the Met Gala's 'Garden of Time' theme
▼ + stars: | 2024-05-07 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +1 min

Hollywood's biggest stars attended the 2024 Met Gala in New York City on Monday. Ayo Edebiri and Karlie Kloss nailed the theme in floral looks, while others wore archival pieces. AdvertisementThe 2024 Met Gala was held at the Metropolitan Museum of Art in New York on Monday. Prior to the event, Vogue reported that attendees' looks would feature floral details and archival pieces, which many did. AdvertisementHere's every celebrity who nailed this year's Met Gala theme.

Persons: Kloss, —, J.G, Anna Wintour Organizations: Service, Metropolitan Museum of Art, Vogue Locations: New York City, New York

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