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Nvidia is the key to how stocks will perform in the next few months as investors head into a seasonally weak period for markets, with the macroeconomic picture once again a center of attention. Stocks capped a winning month in May after a strong earnings season and signs of easing inflation buoyed investor optimism. .VIX YTD mountain CBOE Volatility Index In fact, the CBOE Volatility Index, known as Wall Street's fear gauge, is currently at 14. The broad market index was last around 5,220. Traders will have to rely on macroeconomic data for the next several weeks, including the May jobs report that's on deck next Friday.
Persons: Stocks, what's, Olivier Sarfati, Sarfati, Jensen Huang's, Josh Brown, Jonathan Krinsky, Jeff deGraff, CNBC's, deGraff, Rob Ginsberg, JC O'Hara, Roth, Dow Jones, Thomas Urano, Jobs, Cook Organizations: Nvidia, Nasdaq, Dow Jones, Ritholtz Wealth, Semiconductors, VanEck Semiconductor, Macro, Wolfe Research, Advisory, PMI, Manufacturing, Hewlett Packard Enterprise, Body, Services PMI, Labor, Girls Global, University of, District of Columbia, Consumer Credit Locations: Smucker, Washington
CNN —The story of the past 27 months since Russia invaded Ukraine has been one of crumbling taboos. Despite securing more weapons from the United States last month, Ukraine has not been able to use them as it pleases. Red lines fadeThe US is joining the United Kingdom, France, Germany and several others in removing restrictions on how Ukraine uses the weapons it is given. Before Biden gave the green light, Putin had made veiled nuclear threats to countries considering allowing Ukraine to strike Russia with their weapons. In both cases, Russia had warned Ukraine and its Western allies not to cross its red line.
Persons: Joe Biden, Antony Blinken, Biden, Volodymyr Zelensky, Valentyn Ogirenko, Adam Kinzinger, Ben Hodges, , Vladimir Putin’s, Kateryna, Narciso Contreras, Franz, Stefan Gady, Ukraine “, Mathieu Boulegue, , Putin, ” Stepanenko Organizations: CNN, Russian, Firefighters, Reuters, Institute for, Anadolu, Getty, International Institute for Strategic Studies, Kharkhiv, Center for, United, Russia Locations: Russia, Ukraine, Kyiv, United States, Moscow, Kharkiv, Washington, , Prague, Czech, pummel Kharkiv, Russian, Kharkiv Oblast, Vovchansk, Kharkiv region, United Kingdom, France, Germany, Crimea, Kherson, Donetsk, Luhansk, Zaporizhia
The meeting, between US Defense Secretary Lloyd Austin and China’s Minister of National Defense Adm. Dong Jun, is the first face-to-face talks between the two defense chiefs and Austin’s first such discussions with a Chinese counterpart since late 2022. The meeting, on the sidelines of an annual defense conference in Singapore, takes place against a fraught regional backdrop. Austin is expected to raise concerns with Dong about China’s support for Russia, US officials said ahead of the meeting. Talks between Austin and Dong are not expected to see substantive progress towards resolving many entrenched issues between them. Several weeks later, US and Chinese top generals spoke in a video call, paving the way for this week’s in-person meeting between the defense chiefs.
Persons: Lloyd Austin, Dong Jun, Austin’s, China’s, Austin, Dong, Nancy Pelosi, Li Shangfu, Li, won’t, Xi Jinping’s, Xi, Joe Biden Organizations: Singapore CNN, US, National Defense, South China Seas, Communist Party, Coast Guard, Defense, Washington, Russia, America, East, Communist, Central Military Commission Locations: Singapore, Asia, Pacific, Taiwan, Beijing, East, South, Japan, South Korea, Philippines, China, South China, American, Russia, Ukraine, Austin, Asia –, San Francisco
Donald J. Trump’s conviction on nearly three dozen felony counts plunges the country into unmapped political terrain, a rare moment that could reshuffle a 2024 race that for months has been locked in stasis and defined by a polarizing former president. The extraordinary conviction of a former president unleashes a series of unprecedented constitutional, electoral and logistical questions. Less clear is whether even Thursday’s striking verdict will shake the calcified public opinion of Mr. Trump, who for nearly a decade has defied predictions of his political demise. Now he must move through the rituals of an American presidential campaign as a criminal. The country will watch as Mr. Trump argues with President Biden over his criminal record next month at their first debate, in addition to sparring over the economy, foreign policy, immigration and abortion rights.
Persons: Donald J, Trump, Biden
Check out the companies making headlines in midday trading: Dell Technologies — The software stock plunged 22% after executives cautioned that its gross margins could face more pressure in 2025. Zscaler — Shares added 5.2% after the cloud security company posted a fiscal third-quarter earnings and revenue beat. Gap — The clothing retailer soared 26% after posting fiscal first-quarter earnings per share of 41 cents, higher than the 14 cents analysts surveyed by LSEG had expected. The company beat earnings and revenue expectations for the April quarter, but still saw slower-than-expected consumption growth. SentinelOne expects its revenue to fall between $808 million to $815 million in 2024, which was lower than the $817 million forecast by LSEG.
Persons: Zscaler, LSEG, Nordstrom —, Nordstrom, chipmaker, Marvell, MongoDB, Sun Choe, Choe, Cooper, Paycom, Randy Peck, Christopher Thomas, Maheep, CNBC's Hakyung Kim, Yun Li, Jesse Pound, Pia Singh Organizations: Dell Technologies, Lionsgate, Citi, Starz, Nordstrom, Marvell Technologies, Vans, Cooper Companies, Mizuho Locations: Seattle
You can sign up for Business Insider's daily newsletter here. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . It's the last day of our Memorial Day sale for 80% off a Business Insider subscription . In today's big story, we're looking at the wave of talent-focused deals set to shake up the AI startup market .
Persons: , You'll, Nvidia's Jensen Huang Organizations: Business, Service
An Exxon gas station sign is seen in the Brooklyn borough of New York City, on Oct. 6, 2023. Four years ago, Exxon Mobil's reign as the longest-serving component in the Dow Jones Industrial Average abruptly ended when the oil major was replaced by Salesforce in August 2020 in the biggest shake-up in years. That reshuffling of the Dow was seen as a sign of the times, with the energy sector struggling from a total collapse in oil prices into negative territory during the Covid-19 pandemic. Meanwhile, technology stocks booked strong gains during the work-from-home era. The oil major's stock has gained nearly 170% since the August 24, 2020, announcement of its exit from the Dow, while Salesforce has gained just 4% over the same period.
Persons: Exxon Mobil's, Salesforce, Dow Organizations: Exxon, Dow Jones, Dow Locations: Brooklyn, New York City
The three keys USB logo is seen outside the London office of Swiss bank UBS in central London, on March 20, 2023. LONDON — UBS on Thursday announced a shake-up of its executive board in the latest phase of a radical overhaul of the Swiss banking giant, following its takeover of fallen rival Credit Suisse. It marks the first time a divisional UBS president has been based in Asia-Pacific, the bank said. George Athanasopoulos and Marco Valla also join the executive board as co-presidents of the investment bank, alongside Damian Vogel, incoming global chief risk officer. The trio replace outgoing board members Credit Suisse CEO Ulrich Korner, UBS Asia-Pacific President Edmund Koh, and UBS Americas Regional President Naureen Hassan.
Persons: Iqbal Khan, Rob Karofsky, Sergio Ermotti, Ermotti, George Athanasopoulos, Marco Valla, Damian Vogel, Ulrich Korner, Edmund Koh, Naureen Hassan Organizations: UBS, LONDON, Credit Suisse, Group, Credit, UBS Americas, Swiss Locations: London, Swiss, Asia, Pacific, U.S, Americas, UBS Asia
It was only midmorning, and Eike Schmidt was already way off schedule. As he strolled to an appointment at a market in Florence, Italy, well-wishers repeatedly stopped him to shake his hand, take a selfie or share a gripe, further upsetting his timetable. “That’s quite different from all the professional politicians that we’ve had in the past decades in Florence,” Schmidt added. His campaign slogan — “Firenze Magnifica,” or “Magnificent Florence” — suggests a Florence returned to its Renaissance glory, when the city was a renowned artistic and intellectual hub. As mayor, Schmidt said, he would aim to bring back “the splendor” of the epoch when the Medici family and its successors ruled the city.
Persons: Eike Schmidt, strolled, , Schmidt, , we’ve, ” Schmidt, , Florence ” —, Florence, Medici Organizations: Firenze Locations: Florence, Italy, Germany, Italian
I tried the biggest burgers at McDonald's, Wendy's, Burger King, In-N-Out, and Shake Shack. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe biggest burgers at fast-food chains are usually more expensive, but how do they rank in terms of taste and value? This story is available exclusively to Business Insider subscribers.
Persons: Burger King, Burger, Triple Whopper, , Price Organizations: Triple, Service, Business Locations: Burger
New York CNN —Walgreens is joining other retailers in cutting prices across the board, from snacks to toiletries and even Squishmallows, in an effort to lure back inflation-weary shoppers turned off by high prices. Prices are dropping immediately on more than 1,500 items online and at its stores, which include both name and store brands, Walgreens announced Wednesday. In the past few weeks, competitors including Target, Walmart and Amazon slashed prices on thousands of household goods to rev up consumer spending. “Walgreens understands our customers are under financial strain and struggle to purchase everyday essentials,” said Tracey D. Brown, Walgreens’ retail president and chief customer officer, in a release. Meanwhile, a host of other retailers report earnings Thursday, including Dollar General and Costco.
Persons: , Tracey D, Brown, , we’ve, Alliance’s, isn’t, Sarah Wyeth, “ There’s, ” Wyeth, Parija Kavilanz Organizations: New, New York CNN, Walgreens, Target, Walmart, Dollar, Costco, Shoppers Locations: New York
As artificial intelligence programs shake up the office, potentially making millions of jobs obsolete, one group of perpetually stressed workers seems especially vulnerable. These employees analyze new markets and discern trends, both tasks a computer could do more efficiently. They spend much of their time communicating with colleagues, a laborious activity that is being automated with voice and image generators. The chief executive is increasingly imperiled by A.I., just like the writer of news releases and the customer service representative. Dark factories, which are entirely automated, may soon have a counterpart at the top of the corporation: dark suites.
Persons: Locations: A.I
On Net-A-Porter, the most expensive Golden Goose shoe costs just over $1,000, while the cheapest is $420. Some of the more expensive Golden Goose sneakers. www.goldengoose.comInterest in Golden Goose sneakers was bubbling among Zoomers last summer and seems to have boomed in 2024. Some Golden Goose disciples say they've been questioned about why they would buy dirty shoes, particularly for hundreds of dollars. When Schiffer's mom noted ripped jeans are in style too, her father asked: "Why don't you just buy my old sneakers?"
Persons: , Porter, Francesca Rinaldo, Alessandro Gallo, they've, Dunks, Golden, Taylor Swift, Selena Gomez, Hilary Duff, Silvio Campara, aren't, Sydney Schiffer, there's, Schiffer, I'm Organizations: Service, Business, Super, Adidas, Bloomberg, Financial Times Locations: Milan
That’s not too surprising coming from Nicholls, whose 2009 novel “One Day” explored many of the same themes. It was the most enjoyable writing experience I’ve had for a long time. While hiking the coast-to-coast walk in England, author David Nicholls encountered some torrentially rainy days. I wanted the book to be partly about the comedy of miscommunication — the things we don’t say or the things we say and regret. You say you wanted the book to be in part about miscommunications and what ifs.
Persons: Marnie, Michael, David Nicholls ’, Cleo, That’s, Nicholls, , Anne Hathaway, Jim Sturgess, ” Michael, HarperCollins Marnie, , that’s, I’ve, it’s, David Nicholls, David Nicholls I’m, you’re, Dexter, Emma, there’s, I’d, , else’s, It’s, Leo Woodall, Ambika Mod, Ludovic Robert, Ambika, Leo, Woodall, we’d, There’s, they’ll Organizations: CNN, New York Times, Netflix, HarperCollins, Dales Locations: York, England’s, London, romcoms, England
His advisers, adamant that he is the only bulwark against a formidable opponent, insist that his candidacy is crucial for the survival of democracy. That aged president is not Joe Biden but Boris Yeltsin. As I watch the American presidential campaign unfold, I’ve been constantly reminded of their contest. Back in the ’90s, Russia stood at a crossroads, seemingly faced with a clear choice: democracy or tyranny. The country’s young democracy was at stake.
Persons: isn’t, Joe Biden, Boris Yeltsin, Donald Trump, Gennady Zyuganov, I’ve, Vladimir Putin, Boris Yeltsin’s, Viktor Chernomyrdin, Boris Nemtsov —, Yeltsin Organizations: Communist, Communists Locations: America, Russia
CNN —Eighteen people, including a 12-year-old girl, are among those killed in a Russian strike that hit a large store in Kharkiv on Saturday, regional officials have said, making it the deadliest attack Ukraine has endured in several weeks. He said that 48 people were injured in the strike that hit the megastore building while nearly 200 people were inside. Kharkiv, Ukraine’s second biggest city, which sits near its border with Russia, has seen a spate of Russian attacks in recent weeks. Emergency workers carry out the body of a victim of a Russian strike that hit a large store in Kharkiv. Photographs from inside the store following the attack show the building in complete ruin, with burnt stock and collapsed walls.
Persons: Oleh Syniehubov, Ihor Klymenko, Maria Myronenko, Iryna, Serhii Bolvinov, Volodymyr Zelensky, ” Zelensky, Ukraine’s, Pedro Sánchez, ” Sanchez, Zelensky, Antony Blinken Organizations: CNN, Getty, Catholic University, Investigative Department, Kharkiv Regional Police, Zelensky, Patriot, United States Locations: Kharkiv, Ukraine, Ukraine’s, Russia, Kostiantyn, Spain, Madrid, Spanish,
Periodic outcries over incompetence and corruption at the top of the Russian military have dogged President Vladimir V. Putin’s war effort since the start of his invasion of Ukraine in early 2022. When his forces faltered around the Ukrainian capital, Kyiv, the need for change was laid bare. When they were routed months later outside the city of Kharkiv, expectations of a shake-up grew. And after the mercenary leader Yevgeny V. Prigozhin marched his men toward Moscow, complaining of deep rot and ineptitude at the top of the Russian force, Mr. Putin seemed obliged to respond. Now, with the battlefield crises seemingly behind him and Mr. Prigozhin dead, the Russian leader has decided to act, changing defense ministers for the first time in more than a decade and allowing a number of corruption arrests among top ministry officials.
Persons: Vladimir V, Yevgeny V, Prigozhin, Putin Locations: Ukraine, Kyiv, Kharkiv, Moscow, Russian
Police Scotland told CNN it had received no reports regarding fans’ behavior towards Boyle. Paul Devlin/SNS Group/Getty Images“It was a historic problem born of the Catholic-Protestant divide in Scottish society, especially in the West of Scotland. And it became greatly manifest in football,” Scottish sports journalist Graham Spiers told CNN. Historically chants have included anti-Catholic religious bigotry, or vocal support for paramilitary groups like the Irish Republican Army (IRA) and Ulster Volunteer Force (UVF). Celtic and Rangers fans at the start of the Scottish Premiership match between Celtic and Rangers at Celtic Park on September 10, 2016 in Glasgow.
Persons: Martin Boyle, Boyle, ” David Scott, , , Hibernian's Martin Boyle, John Souttar, Paul Devlin, Graham Spiers, It’s, ” Spiers, Spiers, Mark Scott, Scott, Jason Campbell, Mouth’s Scott, , , , ” Scott, Celtic’s, King William III, William of Orange, Frank McAvennie, Chris Woods, Terry Butcher, Chris Cole, don’t, ” Joseph Webster, ” Webster, Jeanette Findlay, ” “, Findlay, Steve Welsh, “ I’ve, I’m Organizations: CNN, Hibernian FC, Scottish, Rangers FC, Northern, ” Hibernian FC, Hibs, Police Scotland, Rangers, Hibernian, Easter, SNS, Scotland, Catholic, – Celtic FC, Irish Republican Army, Ulster Volunteer Force, UVF, “ Rangers, Catholic Hibernian, Midlothian FC, Loyalist, Celtic, Scottish Premier League, Ibrox, ” Authorities, Football, Communications, Crown, Fiscal, Scottish Government, University of Cambridge, ” CNN, Scottish Football Association, CNN Sport, Celtic Park, ” Celtic Locations: Edinburgh, Northern Ireland, Republic of Ireland, Scotland’s, Scotland, Scottish, West, Glasgow, , Findlay
A judge found Trump liable for fraud for inflating his net worth to get friendly loans, and juries found Trump liable for sexual abuse and defaming Carroll. DEL VALLE: This is actually my fourth Trump trial. Here, it’s almost been interesting how at moments it just felt like a regular trial. Reporters in the courtroom sat behind Trump – with a view often blocked by the many officers in the aisles of the gallery. The response prompted one of the biggest laughs in the courtroom in the entire trial – even several jurors were laughing.
Persons: Donald Trump’s, CNN’s Kara Scannell, Lauren del Valle, Jeremy Herb, Jean Carroll, Trump, defaming Carroll, del, he’s, it’s, That’s, I’ve, Kara, Lauren, Daniels, It’s, Susan Hoffinger, Christine Cornell, Michael Cohen’s, Todd Blanche, Blanche, Cohen, Keith Schiller, Cohen …, flailing, Kaitlan Collins, Robert Costello, Emil Bove’s, Costello, Judge Juan Merchan, ” Merchan, , admonish, David Pecker, Trump’s, Pecker, Jane Rosenberg Hope Hicks, Hope Hicks, CNN Madeleine Westerhout, Madeleine Westerhout, Attorney Alvin Bragg, Boris Epshteyn, , Joshua Steinglass, Emil Bove, Jaden Jarmel, Schneider, Bove, , ” Jarmel, ” Bove Organizations: CNN, Trump, New, DEL VALLE, Midway, National Enquirer, Trump … DEL VALLE, White House, VALLE, White, Attorney, Republican Locations: York, New York, del Valle, Manhattan
New York CNN —Amazon Fresh has joined the growing ranks of retailers that are cutting prices. It is discounting thousands of grocery items in a bid to entice price-conscious shoppers to add a little bit more to their shopping carts. In the game of chicken between stores and shoppers, it’s the stores that finally appear to be yielding. For Prime members, Amazon Fresh is stacking more savings by offering a 10% discount on hundreds of online grocery items. Last week, Walmart (WMT) said it has rolled back prices on nearly 7,000 items in its stores, saying it was seeing deflation on some key grocery items.
Persons: Sarah Wyeth, “ There’s, ” Wyeth, ” Claire Peters Organizations: New, New York CNN, Target, Walmart, Shoppers, CNN, Savings, Amazon, Aldi Locations: New York, United States
In photo at right, Rob Breakiron with his daughter, Isabelle, at a performance of Taylor Swift's Eras tour. He often wears Swift's merchandise or friendship bracelets from her ongoing Eras tour on team calls. He's seen updates on Swift's music and personal life as something employees from across generations jump in to discuss on a team messaging forum. Meta CEO Mark Zuckerberg posted photos of his face bejeweled and wrists covered in friendship bracelets, which have become a hallmark accessory of Swift's tour. Despite that, she said, Swift's music has been a "universal language" that's helped her connect with everyone from the fathers of fans to women who see themselves in the singer.
Persons: Megh McLaughlin, Rob Breakiron, Isabelle, Taylor, Isabelle Breakiron, Taylor Swift, Swift, he's, Angela Hall, Andrew Boyagi, Boyagi, He's, Johan Cruyff, Jeff Bezos, Ray Dalio, Mark Zuckerberg, Susan St, Ledger, that's, McLaughlin, Amani Albertsen, Wise, Albertsen, Sharif Karmally, Karmally, Beyoncé, Raeah Smith, Smith, hasn't, Matt Lindner, Lindner, Organizations: KPMG, Angela Hall of Michigan State University's School of Human Resources, Labor Relations, Society for Human Resource Management, Getty, Amazon, Disney, Michigan State's Hall, CNBC, Poets Department, Data Department Locations: Virginia, Australia, Cincinnati , Ohio, Amsterdam, Netherlands, St, HashiCorp, Florida, U.S, Atlanta, Texas, Minneapolis, Chicago
We were going to Paris to see Taylor on May 9, 2024. AdvertisementStrong enjoyed every moment of the Taylor Swift concert in Paris. When Jennifer asked if I wanted to see Taylor with her in Paris, it was a no-brainer. Five of us went to the concert, including Jennifer, 32, another granddaughter, Brianne Pattison, 36, and my daughter-in-law, Kay Strong, 66. I'm happy that the younger generation knows there are older people like me who love to have fun in their life.
Persons: , Nancy Strong, Jennifer, Taylor Swift's, We've, — I, Taylor, I've, Taylor Swift, she'd, Asa, Strong, Jennifer Strong, Brianne Pattison, Kay Strong Organizations: Service, Business, MTV, Kanye West Locations: New York, Europe, Paris, Dallas, Reading , Pennsylvania, Reading, Antarctica, South America, Amsterdam, Anthropologie
The list of Lagree's celebrity fans is long, including, reportedly, Jennifer Aniston, Meghan Markle, Kate Hudson, Jennifer Lopez, Michelle Obama, and Kim Kardashian. Steve Granitz/Getty ImagesThe global boutique fitness studio market is currently valued at $55.16 billion and is expected to reach $79.66 billion in 2029, according to Research and Markets. The gym was luxurious but minimalist, with club-style studiosThere are a couple of fitness studios in London offering Megaformer workout classes now, both at £35 ($45). AdvertisementStudio Fix's Megaformer studio. Afterward I felt proud of myself and my body felt good from the stretching and mobility.
Persons: , Sebastien Lagree, Jennifer Aniston, Meghan Markle, Kate Hudson, Jennifer Lopez, Michelle Obama, Kim Kardashian, Steve Granitz, I've, Rachel Hosie, Andrea, Rachel, Lagree, I'd, Najeeb Abunahl, Sebastian Lagree, Abunahl Organizations: Service, Business, Research, Sauce Communications Locations: barre, London, Kensington —, Europe
The first thing to know about The Portal is that you will feel a strange, overwhelming urge to take out your phone and gaze at it through your phone's screen. Isn't it more interesting to try to interact with those people instead of staring at them through your phone? It feels almost protective — like The Portal is a light so bright you have to view it only through a phone screen, like looking at a solar eclipse through a hole in a cereal box. The Dublin Portal had a bigger crowd than the one in NYC. The Portal in New York is right on 23rd and Broadway, near some seating and a coffee stand.
Persons: Katie Notopoulos Organizations: Service, Business, New, Dublin, Broadway, Yorkers, Dubliners Locations: New York City, Dublin, Flatiron, Manhattan, New York,
Tems, R&B’s Golden Child, Dials In
  + stars: | 2024-05-23 | by ( Reggie Ugwu | ) www.nytimes.com   time to read: +1 min
When the ground began to shake, rocking her bed to-and-fro like a raft in a current, Temilade Openiyi briefly wondered if she was dreaming. It was a bright April morning and she was still jet lagged from a flight — 12 hours from Lagos, Nigeria, to New York. And yet there she was, eyes wide open, bobbing along with everything else in the room. Tems, a faithful Christian, believes none of it has been in her control. When the earthquake subsided (magnitude 4.8), she said a prayer thanking God for granting her another day.
Persons: Temilade Openiyi Organizations: Coachella, RCA Locations: Lagos, Nigeria, New York, East Coast, Los Angeles
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