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☆ Move over Coachella, there's a new festival wooing influencers in town
▼ + stars: | 2024-04-30 | by ( Amanda Perelli | ) www.businessinsider.com time to read: +4 min

Lifestyle influencer Jacqlyn Burnett was more excited this year to attend the country music festival Stagecoach for the first time than to go to Coachella. Stagecoach, the annual country music festival held this past weekend in Southern California, is rivaling the Coachella Valley Music and Arts Festival as the new favorite among brands and social-media influencers. From the growing interest in country music to fashion, influencers and brands flocked to Stagecoach this year. Some influencers, including Paige Lorenze, Maggie and Emma Macdonald, Estelle Lebourgeois, Chloe Trujillo, and Alyssa Lynch, even skipped Coachella for Stagecoach. Béis, the luggage brand, invited influencers to Stagecoach instead of Coachella, offering themed activities and special access to the festival.

Persons: Jacqlyn Burnett, Beauty, Béis, influencers, Dominick Paielli, he's, Paielli, Paige Lorenze, Maggie, Emma Macdonald, Estelle Lebourgeois, Chloe Trujillo, Alyssa Lynch, Lynch, Liz Flora, Alix Earle, I've, Ali Grant, Stagecoach Mackenzie Gaston, Brynn Wade, Luke Scornavacco, Liz Money Organizations: Stagecoach, Valley Music, Arts Festival, Business, Clementine, Coachella, Tarte, Béis Brands, Stagecoach Mackenzie, 1AM Management Locations: Southern California, Coachella

☆ HSBC CEO announces surprise retirement
▼ + stars: | 2024-04-30 | by ( ) edition.cnn.com time to read: +3 min

Hong Kong — HSBC has announced its chief executive Noel Quinn will retire — a surprise departure by its hard-nosed leader of five years who has overseen a sweeping series of asset sales across the globe. “We do hope that the next CEO would lay out more plans, execution-wise, to further increase the bank’s businesses in Asian countries,” he added. “I’ve held intensive leadership roles since I took on a commercial bank role in October 2008, so I’m personally ready for a change,” Quinn told reporters on a call. HSBC also faced criticism in recent years from Western lawmakers over its dealings with China amid growing geopolitical tensions. The London-headquartered bank also announced $3 billion worth of share buybacks on top of $2 billion in share purchases announced in February.

Persons: Noel Quinn, —, Georges Elhedery, Quinn, ”, Simon Yuen, “ I’ve, I’m, ” Quinn, “ It’s, Mark Tucker, “, ” Tucker, China’s Organizations: HSBC, HSBC’s, Management, China’s Ping An Insurance Locations: Hong Kong, Asia, United States, France, Argentina, Canada, Europe, China, The London

☆ Saudi Arabia is desperately trying to convince everyone that Neom megaproject is going just fine
▼ + stars: | 2024-04-30 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +1 min

Saudi Arabia insists its Neom megacity project is on track. The Saudi economy minister told CNBC there was "no change in scale" for the project. The kingdom's been battling reports that its ambitious desert city has suffered setbacks. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSaudi Arabia says its Neom megacity project is going ahead as planned.

Persons: — Organizations: CNBC, Service, Bloomberg, Business Locations: Saudi Arabia, Saudi

☆ Islamophobia and India’s election: Rising Hindu nationalism leaves Muslims fearful in India’s holy city
▼ + stars: | 2024-04-30 | by ( Rhea Mogul | Will Ripley | ) edition.cnn.com time to read: +18 min

Varanasi, India CNN —The sun glistens on the Ganges as Hindu devotees bathe in the holy river’s waters, and the Muslim call to prayer reverberates through the dusty air. The Gyanvapi mosque, left, and Kashiviswanath Temple on the banks of the river Ganges in Varanasi, India, December 12, 2021. He believes Gyanvapi is not a mosque, but a Hindu temple, and wants to see his community worship inside the walls of the building. Vishwambhar Nath Mishra, the priest of a prominent Hindu temple in Varanasi, believes Modi’s stoking of religious tensions is ruining the fabric of Indian society. This is my country.”Read more from CNN’s India election coverage:Billions spent, jungle-trekking poll workers and voting at 15,000 feet.

Persons: Narendra Modi’s, Modi, Varanasi John Mees, Sana Sabah, trepidation, “, Modi’s, Rajesh Kumar Singh, John Mees, Syed Mohammad Yaseen, ”, Hinduism John Mees, ’, Dileep Patel, inching, Nasir Ali, Ali, ‘ Jai Shree Sri Ram ’, Vijay Bedi, CNN Ali, Muzamil, Usman, it’s, Jai Shree Ram ”, Manish Swarup, Raja Singh, we’ll, Singh, –, Jaiveer Shergill, spokespeople, haven’t, Shamsher Ali, Emperor Aurangzeb, Lord Shiva, Kashi Vishwanath Temple, Pawan Kumar, ” Ali, Yaseen, ” Syed Mohammad Yaseen, turbocharge, ” Modi, Ram, Lucas Vallecillos, Swami Jitendranand Saraswati, Gyanvapi, Swami Saraswati, Amit Pandey, Vishwambhar Nath Mishra, ” Mishra, ” Read, Narendra Modi Organizations: India CNN, Bharatiya Janata Party, BJP, CNN, Rashtriya Swayamsevak Sangh, Modi, Bhajanpura Police, United Nations, Human Rights, ” CNN, Modi’s, Hate, AP BJP, T, Human Rights Watch, Amnesty International, International Federation for Human Rights, Reuters, Guards, “ Locations: Varanasi, India, Varanasi John, today’s India, “, Hinduism, Jammu, Kashmir, New Delhi, Delhi, Mustafabad, Rajasthan, Jaipur, Gujarat, Washington, BJP, Ali, Kashi, Gyanvapi, John, Ayodhya, Uttar Pradesh

☆ Meet the little people whose bodies may hold a key to longevity
▼ + stars: | 2024-04-30 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +10 min

Sandra TorresTorres has a rare disorder called Laron syndrome that is caused by a genetic mutation. “This is how powerful this mutation seems to be.”What is Laron syndrome? Laron syndrome is a recessive gene, so only those who receive a copy from each parent will be affected. The condition leads to extreme obesity, a trigger for diabetes, heart disease, cancer and other diseases. While technically overweight at 100 pounds (45.4 kilograms), she was in good health, with no signs of diabetes or heart disease.

Persons: Paola Castro Torres, ” Torres, Torres, “, ” Nathaly Paola Castro Torres, Sandra Torres Torres, ”, Valter Longo, Longo, Laron, Jaime Guevara, Aguirre, Guevara, ” Longo, ” Guevara, Andrew Freeman, Freeman, ” Hope, it’s Organizations: CNN, gerontology, University of Southern, of Endocrinology, Laron, Jewish Health Locations: Los Angeles, Quito, Ecuador, University of Southern California, Israel, Yemen, East, United States, Croatia, Ireland, Denver

☆ Massive drone strike suggests Ukraine is going after Russia's devastating glide bombs
▼ + stars: | 2024-04-30 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

AdvertisementUkraine's massive weekend drone attack on a Russian airbase deep behind enemy lines suggests Kyiv may be trying to curb the threat of Moscow's devastating glide bombs, according to new Western intelligence. Destroyed Russian glide bomb kits are visible in footage from the ground following the strike. Russia's defense ministry said in March that it began increasing production of several types of munitions — including 6,600-pound ones — that could be modified and turned into glide bombs. Saturday's strike on the Kushchyovskaya airbase isn't the first time Ukraine has gone after Russian airbases hosting fighter-bombers that can drop glide bombs. Experts have warned that Russian glide bombs pose a tremendous threat to Ukrainian forces.

Persons: —, Russia's Su, kgibcTnREI — Brady Africk, Brady Africk, Russian Su Organizations: Service, Saturday, Kyiv Independent, Ukrainian, American Enterprise Institute, Russian Defense Ministry, Getty, Institute for, Russian Locations: Russia, Kyiv, Ukrainian, Avdiivka, Moscow, Russian, Anadolu, Ukraine, Rostov

☆ India is drawing lessons from Ukraine to counter China's military might
▼ + stars: | 2024-04-29 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

India is trying to modernize its military of 1.5 million people with lessons from Ukraine. AdvertisementAs India boosts defense spending amid tensions with China and Pakistan, it is closely studying the Ukraine conflict for clues to the future of warfare and how to thwart its neighbors. Some lessons that Indian experts have already drawn: India needs lots of artillery, drones and cyberwarfare capabilities. Drones have become the stars and workhorses of the air war, with both sides deploying — and losing — drones in the hundreds of thousands. AdvertisementThere are lessons here for Indian airpower, according to Arjun Subramaniam, a retired Indian Air Force air vice marshal who helped write the ORF report.

Persons: —, Amrita Jash, Wolfgang Schwan, Arjun Subramaniam, Subramaniam, Cyberwarfare, Shimona Mohan, Mohan, Michael Peck Organizations: NATO, Service, Artillery, Indian Army, Manipal Academy of Higher Education, Observer Research Foundation, Getty, Russian, Indian Air Force, Air Force, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: India, Ukraine, Russia, China, Pakistan, Eastern, Western, Indian, Siversk, Donetsk Oblast, Anadolu, cyberwarfare, Forbes

☆ A 15-year-old law review by Brett Kavanaugh offers a clue at how the Supreme Court Justice could rule in Trump's immunity case
▼ + stars: | 2024-04-29 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

Many in the political world are waiting with bated breath as the Supreme Court considers arguments over whether Donald Trump is immune from criminal prosecution for his behavior while in office. Depending on how the high court rules, some of Trump's most serious legal troubles could melt away instantly. But one clue, hidden in a 2009 legal review written by Trump-appointed Justice Brett Kavanaugh, could indicate how the conservative judge may decide in this case. One might contend that the country needs a check against a bad-behaving or law-breaking president, Kavanaugh acknowledges, but "the Constitution already provides that check." AdvertisementRepresentatives for the Supreme Court did not immediately respond to a request for comment from Business Insider.

Persons: Donald Trump, Trump, Brett Kavanaugh, Kavanaugh, didn't, Jonathan Entin, Ruth Bader Ginsburg, Entin, SCOTUS Organizations: Service, Republican, US, Case Western Reserve University, Supreme, DC Circuit, Department of Justice, Democratic, Trump, Business Locations: Minnesota

☆ US is ‘best’ choice for Africa over Russia or China, US Commerce Secretary says
▼ + stars: | 2024-04-29 | by ( Larry Madowo | ) edition.cnn.com time to read: +1 min

Nairobi, Kenya CNN —The United States is the best partner for African nations “without strings attached” but it will not force African nations to choose its partnership over Russia or China, US Commerce Secretary Gina Raimondo told CNN. She spoke on the sidelines of the AmCham Business Summit after meeting Kenyan President William Ruto during her first official trip to Africa. Anti-Western sentimentLike many other African nations, Kenya has deep ties with China, which has funding projects and major infrastructure projects across the continent. Secretary Raimondo addressed the criticism that African nations dislike ‘lectures’ from the US and its European allies about democracy and human rights, and many prefer dealing with China or Russia that don’t make similar demands. Raimondo said the US is coming to Africa “without strings attached,” saying she had brought more than a dozen businesses to the Nairobi summit.

Persons: Gina Raimondo, “, Raimondo, CNN’s Larry Madowo, William Ruto, ‘, Ruto, we’re Organizations: Kenya CNN —, US, CNN Locations: Nairobi, Kenya, United States, Russia, China, Africa

☆ Local senators slam FAA bill provision that would add long-haul flights to a key DC-area airport and benefit lawmakers: 'Ridiculous and dangerous'
▼ + stars: | 2024-04-29 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Many lawmakers on Capitol Hill have been pushing for long-haul flights at National Airport for years. But the senators from Virginia and Maryland are firmly against the provision, pointing to safety concerns. AdvertisementFor many members of Congress, the allure of adding long-haul flights to Ronald Reagan Washington National Airport (DCA) is impossible to resist. While Delta Air Lines has thrown its support behind the long-haul provision, United Airlines has opposed the push. Washington Dulles International Airport and Baltimore/Washington International Thurgood Marshall Airport, while fully equipped to handle long-haul flights, are miles outside of Washington, DC.

Persons: —, Ronald Reagan, Democratic Sens, Mark Warner, Tim Kaine, Virginia, Ben Cardin, Chris Van Hollen, Kaine, Warner, Cardin, Van Hollen Organizations: Capitol, National Airport, FAA, Service, Ronald Reagan Washington National Airport, National, Federal Aviation Administration, Democratic, DCA, Delta Air Lines, United Airlines, Washington Dulles International Airport, Washington International Thurgood Marshall Airport Locations: Virginia, Maryland, Ronald Reagan Washington, Arlington, Va, Western, America, Baltimore, Washington

☆ World’s largest sovereign wealth fund says green backlash is a chance for it to 'phase in' — not out
▼ + stars: | 2024-04-29 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Norway's $1.6 trillion wealth fund added to its bets in the biggest technology companies last year after interest in artificial intelligence drove a surge in the sector. Norway's $1.6 trillion sovereign wealth fund says it will continue to advocate for investments based on environmental, social and governance (ESG) factors, brushing off the impact of a green political backlash. Analysts expect the outcome of this year's U.S. presidential election to determine whether the pushback against ESG investment strategies will have a deep and lasting effect. Nicolai Tangen, CEO of Norges Bank Investment Management (NBIM), told CNBC that the country's wealth fund continued to advocate for the ESG agenda. So that's important," Tangen told CNBC's "Squawk Box Europe" on April 23.

Persons: Nicolai Tangen, Tangen, CNBC's Organizations: Norges Bank Investment Management, Republican, Democratic, CNBC Locations: Oslo, Norway, United States, U.S

☆ Before and after images reveal extent of tornadoes’ destruction
▼ + stars: | 2024-04-29 | by ( Eric Zerkel | Paul P. Murphy | ) edition.cnn.com time to read: +3 min

Vexcel Imaging Vexcel Imaging Tornado damage in Elkhorn, Nebraska Vexcel ImagingThe storm then tracked north and east toward Omaha, spawning a tornado that ripped through its western suburbs. Vexcel Imaging Vexcel Imaging Tornado damage in Elkhorn, Nebraska Vexcel ImagingFreshly built homes in a new neighborhood were reduced to piles of timber. Vexcel Imaging Tornado damage to an airport hangar at Omaha's Eppley Airfield Vexcel ImagingThe storms kept going into Iowa. Tornado damage is seen in Minden, Iowa, Saturday, April 27, 2024. At least four people were killed in Oklahoma, all in places hardest-hit by tornadoes: Sulphur, Holdenville and Marietta.

Persons: upending, Adam Lucio, Eppley, Cody Scanlan, Bryan Terry, Rebekah Riess Organizations: CNN, American Heartland, Oklahoma, Travelers, USA Locations: Lincoln , Nebraska, Elkhorn , Nebraska, Omaha, Elkhorn, Omaha’s, Omaha , Nebraska, Iowa, Minden, Pottawattamie County, Texas , Nebraska , Iowa , Kansas, Missouri, Minden , Iowa, Sulphur, Oklahoma, Holdenville, Marietta, Sulphur , Oklahoma

Why Elon Musk went to ChinaJust days after Secretary of State Antony Blinken traveled to Beijing and warned China about unfair trade practices, Elon Musk landed in the Chinese capital. 2 official may have paid off: Musk reportedly cleared two obstacles to introducing a fully autonomous driving system in the world’s biggest car market. Musk is betting big on self-driving, and China is key. Tesla last week reported its worst quarter in two years as a price war hurts profit. Fully autonomous driving is also crucial.

Persons: Elon Musk, Antony Blinken, Tesla, China’s, they’ve, Musk, ” Organizations: Elon Locations: China, Beijing

☆ Ukraine is building underground stores and bunkers to protect F-16s as the jets' arrival moves closer
▼ + stars: | 2024-04-29 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Ukraine is preparing ways to protect its F-16s while at base, its air force said. AdvertisementUkraine's air force said it is preparing for the arrival of F-16s by building underground stores and bunkers at its bases. The Associated Press has reported that Ukraine may use Western air bases when it gets F-16s because the jets require high-standard runways and protective hangars. But the air force's update suggests that Ukraine plans on keeping at least some F-16s in Ukraine during periods when they are not flying. Russian President Vladimir Putin warned last month that Western air bases that host F-16s for Ukraine would be "legitimate" targets for his armed forces.

Persons: —, Ilya Yevlash, Yevlash, Vladimir Putin, Jake Epstein Organizations: Service, Air Force, Ukrainian Armed Forces, RBC, Russia, Military, Associated Press Locations: Ukraine, Russia

☆ Ukraine is defying the US over strikes on Russian oil refineries. Experts say it's a necessary risk.
▼ + stars: | 2024-04-29 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +8 min

While the US dithered over aid, Ukraine had a robust argument for prosecuting the war pretty much as it pleased. "Taking out a particular refinery is not going to immediately undermine Russia's war effort," said Dailey, the RAND strategist. "But consistently putting pressure on Russia's oil sector would have a significant impact on Russia's ability to fight this war." AdvertisementVakulenko, in his article, also noted that that strikes on Russian oil refineries have "little impact on Russian export earnings." Later, Ukraine said that its attacks had reduced Russian oil production and processing by 12%.

Persons: —, Ann Marie Dailey, Rafael Loss, Joe Biden's, Marina Miron, Dailey, Volodymyr Zelenskyy, Olga Tokariuk, Tokariuk, Donald Trump, Miron, Whittling, Celeste Wallander, Lloyd Austin, Sergey Vakulenko, There's, Sir Tony Radakin, Biden, James Patton Rogers, Patton Rogers Organizations: Service, White, Telegraph, Business, RAND Corporation, European Council, Foreign Relations, Washington Post, Department of, King's College, London's, House, Carnegie, RAND, Financial, Cornell Brooks Tech Policy Institute, Ukraine Locations: Ukraine, Krasnodar, King's College London, Russia

☆ Dam Collapses in Western Kenya, Killing at Least 40
▼ + stars: | 2024-04-29 | by ( The Associated Press | ) www.nytimes.com time to read: 1 min

A dam collapsed in western Kenya early Monday, killing at least 40 people after a wall of water swept through houses and cut off a major road, the police said. The collapse of the Old Kijabe Dam, in the Mai Mahiu area of the Great Rift Valley region that is prone to flash floods, sent water spilling downstream, carrying with it mud, rocks and uprooted trees, a police official, Stephen Kirui, said. Vehicles were entangled in the debris on the roads, and paramedics treated the injured as waters submerged large areas. The rains in Kenya have caused flooding that has already killed nearly 100 people and postponed the opening of schools. Heavy rains have been pounding the country since mid-March, and the Meteorology Department has warned of more rainfall.

Persons: Stephen Kirui Organizations: Vehicles, Meteorology Department Locations: Kenya, Mai

☆ From Wall Street to Silicon Valley, AI specialists are a hot commodity
▼ + stars: | 2024-04-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

Today's big story examines how recruitment for AI talent is ramping up in the tech industry and on Wall Street . AdvertisementEager to understand how to leverage the tech, companies are racing to scoop up AI specialists. But Big Tech companies aren't just competing with each other. With so many venture capitalists eager to fund AI ideas , some AI talent are starting their own companies. Businesses are already fighting the rule, but if it survives the courts it could mean even more movement of AI talent.

Persons: —, We've, we've, Justin Sullivan, Chelsea Jia Feng, Eager, Kali Hays, Ellen Thomas, Banks, it's, Getty, Sean Gladwell, Olga Pyrkina, Tyler Le, Amy Hood, Mark Zuckerberg, Zuckerberg, Johannes Eisele, Swan, Mark Spitznagel, Spitznagel, David Einhorn, there's, Dimitrios Kambouris, Leon Neal, Abanti Chowdhury, Bill Gates, Gates, BI Gates, Satya Nadella, Zs, Herman Miller Eames, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Business, Service, Getty Images, Anadolu Agency, Big Tech, Johannes, Getty, Federal Reserve, Reuters, Research, Capital Economics, Greenlight, Staff, Microsoft, BI, Paramount Locations: California, AFP, America, New York, London, Chicago

☆ Matt Gaetz Faces Last-Minute Challenger in Republican Primary
▼ + stars: | 2024-04-29 | by ( Chris Cameron | More About Chris Cameron | ) www.nytimes.com time to read: +1 min

Aaron Dimmock, a retired Navy officer and aviator, has entered the Republican primary to challenge Representative Matt Gaetz of Florida — jumping into the race hours before a filing deadline last Friday. Mr. Dimmock and representatives of American Patriots PAC did not respond to requests for comment. The primary for the First Congressional District, which covers Pensacola and the western Florida Panhandle, will take place on Aug. 20. Mr. Dimmock, a graduate of the United States Naval Academy, served as a pilot for the P-3 surveillance plane for the Navy. Naval Academy Alumni Association in 2020, Mr. Dimmock said that he had deployed to Bosnia and Kosovo and had completed several tours in the Middle East.

Persons: Aaron Dimmock, Matt Gaetz, Dimmock’s, Kevin McCarthy, Gaetz, Mr, McCarthy, Dimmock Organizations: Navy, Republican, American Patriots PAC, House Republicans, First Congressional, Florida Panhandle, United States Naval Academy, U.S . Naval Academy Alumni Association, World Trade Center, Pentagon Locations: Florida, Pensacola, Bosnia, Kosovo, New York City

☆ Saudi Arabia says all NEOM megaprojects will go ahead as planned despite reports of scaling back
▼ + stars: | 2024-04-29 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Saudi Arabia's economy minister rejected recent reports that the kingdom's $1.5 trillion NEOM megaproject, a futuristic desert development on the Red Sea coast, is scaling back some of its plans. "All projects are moving full steam ahead," Faisal Al Ibrahim told CNBC's Dan Murphy on Monday at the World Economic Forum's special meeting in Riyadh. "We set out to do something unprecedented and we're doing something unprecedented, and we will deliver something that's unprecedented." Al Ibrahim stressed that the projects would be delivered according to plan, but with the qualification that decisions were being made for "optimal economic impact." "We see feedback from the market, we see more interest from the investors and we'll always prioritize to where we can optimize for optimal economic impact," he said.

Persons: Faisal Al Ibrahim, CNBC's Dan Murphy, Al Ibrahim, we'll Organizations: Bloomberg, Saudi, NEOM, Public Investment Fund Locations: Saudi, Riyadh

☆ US buys 81 Soviet-era combat aircraft from Russia's ally for less than $20,000 each, report says
▼ + stars: | 2024-04-28 | by ( Rebecca Rommen | ) 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. Read previewThe US has acquired 81 Soviet-era combat aircraft from Kazakhstan, the Kyiv Post reported. The motive behind the US purchase remains undisclosed, said the Post, fueling speculation about potential use in Ukraine, where similar aircraft are in service. Kazakhstan, formerly part of the Soviet Union, has maintained close ties to Russia and historically was one of its strongest allies. Some of Russia's outspoken propagandists have suggested that Russia should look to Kazakhstan next following its invasion of Ukraine.

Persons: —, Kassym, David Cameron, Antony Blinken, Olivier Douliery, Vladimir Solovyov Organizations: Service, Kyiv Post, Business, Mikoyan MiG, Soviet, Airforce Technology, Russian Defense Ministry, Russian Aerospace Forces, Ukrainian Air Force, Russia, Foreign, Ak, AP, AFP Locations: Kazakhstan, Kyiv, Ukraine, Soviet, Afghan, Soviet Union, Russia, Moscow, Germany, Astana, Russian, Western, China, Afghanistan, Iran

☆ Billionaire investor David Einhorn shares an overlooked theory for why gold prices have spiked so much
▼ + stars: | 2024-04-28 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +4 min

The recent gold rally is counterintuitive, as high interest rates typically make bullion less attractive. But billionaire investor David Einhorn has a theory that he shared in his latest investor letter. Einhorn suggests that gold's rally is potentially due to countries in the East buying gold from Western nations. To explain the strong run for gold, billionaire investor David Einhorn offered a potential theory in his latest letter to investors published this week. Others, like billionaire investor Ray Dalio, say gold can hedge risks stemming from high government debt levels.

Persons: David Einhorn, Einhorn, —, there's, David Rosenberg, Ed Yardeni, Ray Dalio Organizations: Service, Federal, Greenlight, World Gold, People's Bank of Locations: China, People's Bank of China, India, Singapore

☆ I'm using my synesthesia to create a new genre of AI art. The technology can 'read' my paintings and help me compose music.
▼ + stars: | 2024-04-28 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +5 min

I listen to Indian classical music, Gregorian chants, and some obscure composers such as Gyorgy Ligeti, Leo Ornstein, and Terry Riley. Instead, she suggested I create a visual alphabet that matched the musical chords I heard in my mind to colors. I met with musicians and AI experts to create a visual alphabetI started by looking for musicians to collaborate with and met Anthony Cardella, a young, incredibly gifted pianist in Los Angeles. When I heard that music played back to me, it brought tears to my eyes. The audience could look at the paintings while Anthony played, which was a profound experience.

Persons: Shane Guffogg, Gyorgy Ligeti, Leo Ornstein, Terry Riley, I've, Radhika Dirks, —, Anthony Cardella, He's, Anthony, I'd, He'd, he'd, Jonah Lynch, Jonah, Ligeti, Ornstein —, It's Organizations: Service, USC, Forest Lawn Museum, Venice Biennale Locations: American, Venice, Los Angeles, California

☆ LeBron James scores 30 points as Los Angeles Lakers earn a ‘lifeline’ against Denver Nuggets
▼ + stars: | 2024-04-28 | by ( Aimee Lewis | ) edition.cnn.com time to read: +1 min

CNN —LeBron James scored 30 points as the Los Angeles Lakers avoided a first-round elimination in the Western Conference playoff series against the Denver Nuggets. Four-time NBA champion James rose to the occasion, as did Anthony Davies, who had 25 points and 23 rebounds in the 119-108 win in LA. It was the Lakers’ first victory over the Nuggets since December 2022, ending Denver’s 11-game winning streak in the fixture. “We’ve given ourselves another lifeline, and it’s a one-game series for us,” James told reporters. Game 5 will be held in Denver Monday and the defending champion, leading the best-of-seven series 3-1, could secure the series on home soil.

Persons: LeBron James, James, Anthony Davies, “, ” James, you’re, Nikola Jokić Organizations: CNN, Los Angeles Lakers, Western Conference, Denver Nuggets, Lakers, Nuggets, Boston Celtics, Miami Heat, Oklahoma City Thunder, New Orleans Pelicans, Orlando Magic, Cleveland Cavaliers Locations: LA, Denver

☆ Russia is making daily tactical gains in eastern Ukraine, as criticism grows of Ukrainian military reporting
▼ + stars: | 2024-04-28 | by ( Andrew Carey | Olga Voitovych | ) edition.cnn.com time to read: +7 min

Ukraine’s DeepState monitoring group, which updates daily changes in frontline positions, shows Russian forces pushing forward in eight different locations along 20-25 kms of frontline in one 24-hour period. Military bloggers on both sides broadly agree that Russian forces have crossed a water course and taken control of the settlements of Semenivka and Berdychi. Heavy fighting continues there, but the situation is under the control of the (Ukrainian) Armed Forces,” he said. Russian forces are also making headway west of Donetsk city, entering the industrial town of Krasnohorivka from the south and the east. “Without (its) manpower advantage, Russia’s artillery and airpower advantage would not be sufficient for Russia to make gains on the battlefield.

Persons: Vladimir Putin’s, Myroshnykov, Stringer, ” DeepState, Muscovites, –, Nazar Voloshyn, ”, DeepState, “, Voloshyn, Narciso Contreras, Anatolii Stepanov, Rob Lee, ” Lee Organizations: CNN, Anadolu, Getty, ) Defense Forces, Armed Forces, –, Foreign Policy Research Institute Locations: Ukraine, Kharkiv, United States, Avdiivka, Ocheretyne, Donetsk, Semenivka, Soloviove, Keramik, Ukrainian, Karlivka, DeepState, Russian, Kyslivka, Krasnohorivka, ”, AFP, Moscow, – greenlit, “ Russian, Russia

☆ China's submarine force is stressed by their more realistic training for combat
▼ + stars: | 2024-04-28 | by ( Michael Peck | ) www.businessinsider.com time to read: +9 min

Chinese submarine crews are training to operate farther into the Western Pacific. AdvertisementChina is forcing its submarine crews to endure more intensive and realistic training exercises. Ironically, while rigorous training is intended to create a more skilled and aggressive submarine force, these changes could backfire. "What the literature does suggest is that the PLAN submarine force is simultaneously incorporating a wide range of new operational guidance, platforms, and technologies that are pushing the crews and equipment of the PLAN submarine force in ways they have not been stressed before." "But it still must improve further to be capable of supporting what is expected of the submarine force."

Persons: —, Christopher Sharman, Terry Hess, evaluators, VCG, Crews, submariners, Sharman, Michael Peck Organizations: Pacific, Service, Training, China Maritime Studies, US Naval War, People's Liberation Army Navy, PLA, PLAN, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: China, Pacific, Western, Soviet, Russia, Ukraine, Forbes

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