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☆ India kicks off vote counting for the world’s biggest election, with exit polls projecting a Modi victory
▼ + stars: | 2024-06-04 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +1 min

Bharatiya Janata Party supporters wearing a hat with Narendra Modi's face during a nomination filing rally by in Kolkata, India on May 10, 2024. India started counting votes for its 2024 general election on Tuesday, with Narendra Modi projected to win a rare third consecutive term as prime minister as per exit polls. Exit polls released on Saturday showed the Bharatiya Janata Party-led National Democratic Alliance was set to win an overwhelming majority, with the NDTV poll of polls pegging the coalition's seats at 365 in the lower house of the parliament. Exit poll projections may not always be accurate. Markets reacted euphorically to exit polls predicting an emphatic victory for the BJP, with key stock benchmarks, the Nifty 50 and the Sensex, gaining more than 3% and hitting record highs on Monday.

Persons: Narendra Modi's, Narendra Modi Organizations: Bharatiya Janata Party, National Democratic Alliance, NDTV, Markets, BJP Locations: Kolkata, India

☆ How American Express Became Millennials, Gen Z's Favorite Credit Card
▼ + stars: | 2024-06-03 | by ( Emily Stewart | ) www.businessinsider.com time to read: +8 min

But now, for a growing cohort of Gen Zers and millennials, it's their card, too. According to the company, millennials and Gen Z consumers made up 60% of its new customer acquisitions worldwide, and 75% of its new platinum and gold accounts were opened by millennial and Gen Z members. Related storiesAmex has implemented a number of tactics to pull off its youth revolution and cement its place as a status symbol among relatively affluent millennial and Gen Z consumers. For many young consumers, having an Amex rewards card is sort of like having a good, varied subscription service that runs them less than $60 a month. AdvertisementAll that aside, the Amex Platinum Card seems neat.

Persons: Gen Zers, youngs, it's, they'd, Amex, Zers, Gen X, Z, Steve Squeri, Jim Cramer, Gen Zs, Michael Miller, Uber, Miller, Daisy Hernandez, Guy, Stephen Biggar, Amex isn't, Chase Sapphire, I've, Emily Stewart Organizations: American Express, Express, Mastercard, Visa, American, CNBC, Morningstar Research, New York Times, Wall Street, Saks, Walmart, US, Argus Research, bodega, Business Locations: Coachella

☆ A shady financial tool from the housing-bubble era is making a comeback
▼ + stars: | 2024-06-03 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

Perhaps the last thing the market needs is another shady financial product that pushes low-income Americans into homes they can’t afford, under terms that could bankrupt them. The zero-down mortgage is making a comeback, my colleague Matt Egan reports. And honestly, when has the value of the housing market ever gone anywhere but up up up up? The housing market, as we all remember from “The Big Short,” does not always go up. One way for motivated buyers to hunt for a lower mortgage rate is buy someone else’s.

Persons: America’s, aren’t, Matt Egan, you’re, let’s, didn’t, you’d, you’ll, ”, Patricia McCoy, ” Alex Elezaj, ” Adams, “, Samantha Delouya, Ellen Harper, Samantha, ” Harper Organizations: New, New York CNN, Wall, United Wholesale Mortgage, Boston College Law School, CNN, “ Locations: New York, Georgia

Opinion Guest Essay Why the Pandemic Probably Started in a Lab, in 5 Key Points Illustration by Mike McQuade. Here’s what we now know:1 The SARS-like virus that caused the pandemic emerged in Wuhan, the city where the world’s foremost research lab for SARS-like viruses is located. Wuhan China Taiwan Laos South China Sea Thailand The pandemic started roughly 1,000 miles away, in Wuhan, home to the world’s foremost SARS-like virus research lab. Wuhan China East China Sea india Taiwan Myanmar Laos South China Sea philippines Thailand The pandemic started roughly 1,000 miles away, in Wuhan, home to the world’s foremost SARS-like virus research lab. In the United States, virologists generally use stricter Biosafety Level 3 protocols when working with SARS-like viruses.

Persons: Mike McQuade, Anthony Fauci, —, Shi Zhengli, Shi’s, Sarah Temmam et, Shi, coronavirus, EcoHealth, Peter Daszak, Biden, Daszak, Baric, Jesse Bloom, Fauci Organizations: Getty Images, National Institute of Allergy, Wuhan Institute of Virology, China East China, U.S, New York, Facebook Locations: United States, Wuhan, China, Yunnan, Southeast Asia, Laos, Yunnan province Taiwan Laos, Laos South China, Thailand, China East China, Taiwan Myanmar Laos South China, Laos philippines Thailand, Taiwan Laos South China, China East, philippines Thailand, Wuhan China Taiwan Laos South China, Wuhan China East China, China Wuhan East China, Covid, MERS

☆ Extinct ‘thunder bird’ from Australia was a giant goose, skull reveals
▼ + stars: | 2024-06-03 | by ( Mindy Weisberger | ) edition.cnn.com time to read: +8 min

CNN —For more than a century, scientists have been unsuccessfully hunting for skull fossils for the thunder bird species Genyornis newtoni. Now, the discovery of a complete G. newtoni skull has resolved this longstanding mystery, giving scientists their first face-to-face encounter with the massive mihirung. Pictured here is the skull of G. newtoni, which is helping resolve a long-standing mystery about the giant bird's face. The illustration also highlights how G. newtoni stacks up sizewise to its closest relative, Anhima cornuta (nearest to G. newtoni) and the cassowary (not related). From there, he constructed a scaffold that was consistent across multiple skull fossils.

Persons: newtoni, Larry Witmer, ” Witmer, “ It’s, ”, Witmer, Phoebe McInerney, ” McInerney, “ Genyornis, Genyornis, dromornithids, Anhima, Jacob Blokland, ” Blokland, Blokland, McInerney, Blockland, ” Mindy Weisberger Organizations: CNN, Flinders University G, Ohio University, “, Flinders University, Flinders Palaeontology, Flinders University Big, Scientific Locations: Australia, Australia’s, it’s, South Australia, South America, “

☆ A pro bodybuilder explains why lifting lighter weights can build more muscle — if you do it correctly
▼ + stars: | 2024-06-03 | by ( ) 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 previewBodybuilder Nick Walker said a simple technique has helped him pack on muscle without maxing out on heavy weights. This story is available exclusively to Business Insider subscribers. Walker is no stranger to moving big weights but said lifting heavy is less of a priority now. Instead, he's been incorporating slow negatives, a technique for maximizing muscle growth with slightly less weight.

Persons: —, Nick Walker, Walker, he's, Dave Rienzi, Dwayne, Johnson Organizations: Service, New York Pro, Business

☆ People With Criminal Records React to Trump Verdict: ‘Now You Understand’
▼ + stars: | 2024-06-03 | by ( Shaila Dewan | ) www.nytimes.com time to read: +1 min

Some Democratic leaders are eager to make former President Donald J. Trump’s new identity as a convicted criminal central to their pitch to voters on why he is unfit for office. At the same time, there has been a movement on the left for years to end the stigma of criminal records and point out grave issues in the country’s legal system. That is why in the wake of the news last week that a New York jury had found Mr. Trump guilty of 34 felony counts of falsifying business records, there were especially complex and personal reactions among the millions of Americans who have also been convicted of felonies. They debated whether the former president’s convictions made him one of them or only underscored how unlike them he was, and discussed their mixed feelings over hearing an entire country discuss the ramifications of having a rap sheet. “He’s convicted, so now he’s in our community,” said Rahim Buford, 53, who also has a felony conviction on his record.

Persons: Donald J, Trump, “ He’s, ”, Rahim Buford Organizations: Democratic Locations: New York

☆ Bitcoin miners sink millions into AI businesses, seeking billions in return
▼ + stars: | 2024-06-03 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +8 min

Late Monday, Core Scientific announced a 12-year deal with cloud provider CoreWeave to provide infrastructure for use cases like machine learning. Core Scientific, which emerged from bankruptcy in January, has been mining a mix of digital assets since 2017. Butterfill said the the overlap is leading to a competition for rack space between bitcoin mining and AI activities. While AI operations require up to 20 times the capital expenditure of bitcoin mining, they're more profitable, according to a report from CoinShares. watch now"While we intend to remain one of the largest and most productive bitcoin miners, we expect to have a diversified business model and more predictable cash flows," Sullivan said.

Persons: Marble , North Carolina Carey McKelvey AUSTIN, CoreWeave, Adam Sullivan, Sullivan, OpenAI, James Butterfill, Butterfill, CoinShares, Asher Genoot, Genoot, bitcoin, Needham, They're, Core's Sullivan, there's, Sam Altman, Altman Organizations: Scientific, Core Scientific, Nvidia, CNBC, Iris Energy, CoreWeave, Miners, Electric Power Research Institute Locations: Marble , North Carolina, Marble , North Carolina Carey McKelvey AUSTIN , Texas, bitcoin, CoinShares, Canada, Sweden, capex, United States

☆ How a peak boomer lives 'perfectly comfortably' on less than $30,000 a year after moving from Texas to tiny homes in New York and Florida
▼ + stars: | 2024-06-03 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

Read previewSam Mitchell, 64, has a yearly income of below $30,000 a year from Social Security. It's a very different way of life from the corporate real estate job he had 15 years ago in Austin making six figures and owning five homes. "I am making a fourth of the money I was making in 2008, but nobody is going to do it." AdvertisementMoving to New York and FloridaTo start life anew, he bought a farm in Peru and built a small house. AdvertisementOnce Social Security payments kicked in, he relied on the $900 a month to get by.

Persons: —, Sam Mitchell, they're, Mitchell, It's, Keller Williams, Austin, Sancho Panza, he's Organizations: Service, Social Security, Business, Social, University of Florida, South, Southwest, Austin City, Austin Locations: New York, Florida, Austin, Ithaca , New York, Atlanta, Santa Cruz , California, Costa Rica, South Austin, Peru, Ecuador, California , Oregon, Washington, BestBuy

☆ 'Worldschooling' their 4-year-old child, this family has traveled to 23 countries so far this year
▼ + stars: | 2024-06-03 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +5 min

Carol Tan, Rakcent Wong and their son, Atlas, have traveled across 23 countries and counting since the start of 2024. Carol Tan, 36, and Rakcent Wong, 35, often received that age-old advice before having their son, Atlas — but they were determined to prove the naysayers wrong. The Singaporean family took a sabbatical from work to "worldschool" their 4-year-old child and has traveled from Switzerland to Denmark to Nepal, across 23 countries since the start of the year. "We realized [that] after every trip, we always gained something — there's some kind of growth and transformation that we experience, just both on a personal level and as a couple," Wong said. By January 2024, Tan and Wong began their work sabbaticals, took Atlas out of school and the family traveled to their first destination — Greece.

Persons: Carol Tan, Rakcent Wong, Atlas, Tan, Wong, Rakcent Wong Tan, Rakcent Wong Atlas, It's Organizations: CNBC Locations: Switzerland, Denmark, Nepal, Southeast Asia, Iceland, Egypt, Sri Lanka, Singapore, Greece, Montenegro

☆ When your kid comes out as trans, here’s what to do
▼ + stars: | 2024-06-02 | by ( Kristen Rogers | ) edition.cnn.com time to read: +11 min

CNN spoke with a doctor, gender rights activists and parents of trans children about what to say when a child comes out as transgender, how to address certain challenges and what receiving gender-affirming care is like. Some parents want to support their child but worry if their gender identity is the result of a phase, or if they’ll change their mind later. It would be their decision resulting from the exploration of their gender identity, rather than someone trying to control it for them. Rhyland’s son later realized he is trans masculine nonbinary and uses he/him pronouns, and he’s OK with Rhyland calling him her son. (Trans masculine nonbinary means someone’s gender identity is nonbinary, yet they present in a typically masculine fashion with their name, style and more.)

Persons: CNN — Maryhope Howland, ’ ”, Howland, didn’t, ” Howland, ”, Nova, Williams, Rachel Cornwell’s, Evan, Cornwell, ” Cornwell, “, Kade, It’s, Goepferd, “ There’s, ” Goepferd, Jocelyn Rhynard’s, Rhyland’s, aren’t, —, ” Rhynard, “ we’ve, ‘, ’, Rhynard, ’ ” Howland, Sarah McBride Organizations: CNN, Families United, Trans Rights, Dumbarton United Methodist Church, Human Rights Locations: Washington ,, Minnesota, Delaware

☆ I went back to work before my daughter was 1. People judged me for it.
▼ + stars: | 2024-06-02 | by ( Katie Alexander | ) www.businessinsider.com time to read: +6 min

I returned to work when my daughter was just 8 months old, and deep down, I knew I wasn't quite ready. But what I couldn't say at that moment was that I'm actually a better parent because I work. AdvertisementKatie Alexander went back to work when she got an opportunity she couldn't pass up. She went on to say how important the first years of a child's life are, adding that she wouldn't feel right going back to work and leaving her child. My partner and I both work full-time, and we have to so we can pay our bills.

Persons: I'm, Katie Alexander, It's, who'd Organizations: Service, Business

☆ A growing California wildfire spanning 14,000 acres is forcing residents to evacuate
▼ + stars: | 2024-06-02 | by ( Jillian Sykes | Dalia Faheid | ) edition.cnn.com time to read: +3 min

CNN —A growing grass fire that began Saturday afternoon in San Joaquin County, California, has consumed 14,000 acres, forcing residents in its path to evacuate the area, officials say. The Corral Fire began in the City of Tracy around 2:30 p.m., according to the California Department of Forestry and Fire Protection. “Areas west of the California Aqueduct, South of Corral Hollow Creek, West to Alameda County and South to Stanislaus County should leave now,” the county said Saturday. A resident evacuates his horse as the Corral Fire bears down on ranches west of Tracy, California, on June 1, 2024. A section of I-580 is closed in both directions due to the “major grass fire, smoke, and zero visibility,” according to the California Department of Transportation.

Persons: Tracy, Kent Porter, Josh Silveira, Silveira, Kevin J Lincoln, CAL FIRE Santa Clara Unit’s, Baraka Carter Organizations: CNN, California Department of Forestry, Clover Community Center, The Press Democrat, AP, Alameda, Cal Fire Battalion, California Department of Transportation, National Weather Service, The California Department of Forestry, Fire Protection, Firefighters, CAL FIRE Santa Clara, Santa Clara Unit Locations: San Joaquin County , California, City, Tracy, California, South, West, Alameda County, Stanislaus County, San Joaquin, Tracy , California, Stockton, Sacramento, Alameda, Contra Costa, Santa Clara, Stanislaus

☆ My 15-year-old son has his first girlfriend. Unlike when I was a teen, 'hanging out' often just means talking on the phone at home.
▼ + stars: | 2024-06-02 | by ( Stephanie Kaloi | ) www.businessinsider.com time to read: +5 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. When it comes to teen relationships and dating, I'm only too happy to admit that I don't know much about any of it. However, he is happy to talk about his feelings and the nature of high school relationships in the first place (six months is a really, really long time for one to last, he says). For some of us, nearly everything we do is different because of a small device we can hold in our hands. Who wants two bored teens who are attracted to one another hanging out alone for hours with nothing to do?

Persons: I'm, Noel Gallagher, —, I've, that's, he's, X, it's Organizations: Service, Survey Center Locations: United States

☆ Ukraine's Zelenskyy accuses China of helping Russia to disrupt upcoming peace summit
▼ + stars: | 2024-06-02 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Ukraine's President Volodymyr Zelensky speaks during the 21st Shangri-La Dialogue summit at the Shangri-La Hotel in Singapore on June 2, 2024. SINGAPORE — Ukrainian President Volodymyr Zelenskyy on Sunday accused China of helping Russia to disrupt an upcoming peace summit by pressuring other countries not to attend. Zelenskyy, speaking at the Shangri-La Dialogue in Singapore, said that Russia is using Chinese influence in Asia to disrupt the summit. "Unfortunately, regrettably, Russia, using Chinese influence on the region, using Chinese diplomats, does everything to disrupt the peace summit," he said, according to a translation of his remarks, without giving specific examples. Zelenskyy also accused Russia of threatening other nations with blockades of goods such as agricultural exports, chemical products and high energy prices.

Persons: Volodymyr Zelensky, Volodymyr Zelenskyy, Vladimir, Putin, Zelenskyy Organizations: SINGAPORE —, CNBC, Chinese Foreign Ministry Locations: Singapore, SINGAPORE, China, Russia, Ukraine, Switzerland, Asia, regrettably, Moscow

☆ I'm Gen Z and have always loved being cozy and well-rested. I'm relieved my generation is catching up with me.
▼ + stars: | 2024-06-01 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +6 min

I'm a Gen Z freshman and I don't have a ticket to the sold-out club night my roommates are excited about going to. AdvertisementGen Z is one of the first generations who will be less wealthy than our parentsIt's not the first time Gen Z has defied expectations. As Business Insider previously reported, Gen Z is one of the first generations that will be worse off than their parents or grandparents. Gen Z appears to be less focused on the future and more on living enjoyable lives now. I'm an older Gen Z on the cusp of being a millennial, but this trend applies to some of the younger members of my generation, too.

Persons: —, I'm, Brandy, Fingers, Kim Schewitz, Serena Vanderwoodsen, ceilidhs, Z, It's, we've, Gen, Gen Zers, they're, you'll, Gen Z Organizations: Service, Real, Business Locations: Brandy Melville, it's

☆ Champions League final: Can Borussia Dortmund halt Real Madrid’s march to 15th European Cup success?
▼ + stars: | 2024-06-01 | by ( Matias Grez | ) edition.cnn.com time to read: +4 min

CNN —There must be few sights in football more daunting than lining up against Real Madrid in a Champions League final. Simply put: No matter how perilous the position, never count Real Madrid out in the Champions League. Terzić celebrates after Dortmund reached the Champions League final against PSG. “What has made us so strong, especially in the Champions League, is what we can influence. “They haven’t lost in eight Champions League finals in a row.

Persons: Blancos, –, “ We’re, ” Carlo Ancelotti, We’re, we’re, ” Real, Clive Brunskill, Germain, Merengues, Nacho, Joselu, Real’s, “, ” Ancelotti, hadn’t, Die, Bayer, Christine Poujoulat, Edin Terzić, ”, Terzić, “ I’m Organizations: CNN, Real Madrid, Champions League, Liverpool, Milan, Borussia Dortmund, Wembley, Saturday’s Champions League, Bayern Munich, PSG, Atlético, “ Borussia, Paris Saint, Manchester City, RB Leipzig, Bayern, Real, League, ”, Juventus, Dortmund, Bayer Leverkusen, Terzić, Getty Locations: Madrid, Chelsea, Manchester, It’s, ” Dortmund, AFP

☆ She’d only known her future husband for five days when he proposed. Here’s what happened when she said yes
▼ + stars: | 2024-05-31 | by ( Francesca Street | ) edition.cnn.com time to read: +15 min

But Meryl and Tim had talked all evening, into the early hours, gradually shuffling closer and closer to one another. And while it had only been five days, Meryl felt certain Tim was “the right person.”“I’d dated other people, and I just never clicked with them,” she says today. Meryl RivettWhen Meryl and Tim crossed paths in September 1981, Meryl was 29. Tim felt the same way. Meryl felt that assuredness too.

Persons: Meryl Gage, Meryl, Tim Rivett, Tim, We’re, we’re, they’d, ”, “, Meryl wriggled, ’ ”, “ I’d, South America Tim, Tim's, Meryl Rivett, She’d, Karen, ’ ” Meryl, Here's Tim Rivett, Meryl Rivett Tim, who’d, ’, “ Meryl, England, Meryl Rivett That’s, hadn’t, gobsmacked, Mike, Jack, –, “ I’m, ” Meryl, Meryl’s, Lisa, Meryl she’d, Tim didn’t, Paul, he’d, Meryl –, Meryl Rivett –, Tim weren’t, ‘, – Tim, Aussie, they’ve, Tim –, ” Tim, who’ve, They’ve, Tim aren’t Organizations: CNN, CNN Travel, South America, Florida State, Miami Beach Locations: South America, South, Florida, backpacked, Europe, London, Kathmandu, Australia, New Zealand, Southeast Asia, Queensland, America, Rio de Janeiro, England, Asia, Nepal, India, Miami, Brazil, Argentina, Iguazu, Patagonia, Colombia, Buenos Aires, Tierra del, Chile, ”, Central America

☆ Ex-CEO of $2 billion company: I couldn't break the glass ceiling—so I went around it instead
▼ + stars: | 2024-05-31 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

Julia Stewart, the former CEO of Dine Brands, who is now founder and CEO of wellness company Alurx. Julia Stewart's rise to CEO was nothing like climbing a career ladder. She's currently the CEO of wellness company Alurx, which she founded in 2020. Sometimes, that meant moving to different regions within the same company, Stewart says. Instead, learning more about how individual restaurants brought in money opened up Stewart's career path.

Persons: Julia Stewart, Julia Stewart's, Stewart, She's, —, Carl's, Burger, Stuart Anderson's, she'd, could've, IHOP's, Applebee's Organizations: Dine Brands, Dine, CNBC, San Diego State University, Burger King, Angus, Taco Bell, Taco, Applebee's Locations: Taco

But in closing arguments, one of Mr. Bragg’s prosecutors said that Mr. Cohen had told his lies for Mr. Trump. After the election, Mr. Pecker testified, Mr. Trump summoned him to Trump Tower. The ShowdownEven that did not prove that Mr. Trump had falsified records to disguise his reimbursement of Mr. Cohen. Mr. Trump washed his hands of Mr. Cohen, who turned on the man he had once idolized. Mr. Blanche also argued that Mr. Cohen had profited from his hatred for Mr. Trump with two books and a lucrative podcast deal.

Persons: Donald J, Trump, Juan M, Merchan, anoints, Alvin L, Bragg, Trump’s, Stormy Daniels, Michael D, Cohen, Eduardo Munoz, Daniels, Mr, Michael Cohen, ”, Joshua Steinglass, Cohen “, ” Mr, glowered, Mike Johnson, Biden, “, Donald Trump, Dave Sanders, Biden’s, Todd Blanche, Blanche, Todd Heisler, David Pecker, Pecker, nonchalantly, Hope Hicks, Hicks, Ms, The New York Times “, Justice Merchan, “ You’re, ” Ms, Allen H, Weisselberg, Susan Hoffinger, Cohen’s, Joe Piscopo, giddily, Hoffinger, Jean Carroll, Bragg’s, Wesley Parnell, Michael Rothfeld Organizations: White, Republican, Convention, Office, Reuters, Mr, Credit, The New York Times, Democratic, New York Times, National Enquirer, Trump, Playboy, Street Journal, New, Hells Angels Locations: American, Manhattan —, Lower Manhattan, —, Florida, Washington, Georgia, New York, Manhattan, Trump’s Midtown Manhattan, Tahoe, Nev, America

☆ Tariffs on China could end up making inflation worse and hurting US economic growth, S&P Global says
▼ + stars: | 2024-05-31 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Read previewUS efforts to counterbalance Chinese imports could instead create unsteadiness in the country's fight against inflation, S&P Global Intelligence wrote. Advertisement"Yet economists say the new duties, and tariffs more broadly, may carry an unwelcome consequence: higher prices and a heightened probability of higher-for-longer interest rates," S&P wrote. Of the 14 categories under scrutiny, the top five accounted for just 3% of Chinese imports into the US in 2022, S&P cited. But for domestic manufacturers, tariffs can ease the pressure to lower prices, as Chinese competitors lose their low-cost advantage. In this sense, protectionism can boost economic growth in the long run, but not before fueling market inefficiencies and complicating inflation.

Persons: —, Donald Trump, hasn't shied, Biden, he's, Ben Herzon Organizations: Service, P Global Intelligence, Federal Reserve, Business, P's Locations: China

☆ Ukraine's special forces have developed new tech that allows drones to fly without GPS, so Russia can't jam them: report
▼ + stars: | 2024-05-31 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +1 min

Ukraine's special forces have developed new drone tech that Russia can't jam. Drones can now fly and hit targets without GPS or operator input, The Economist reported. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementUkraine's special forces have developed new software that allows drones to fly without the use of GPS, limiting the impact of Russian jamming. The software, called Eagle Eyes, allows unmanned drones to travel using sight rather than satellite-based GPS navigation, The Economist reported.

Persons: — Organizations: Service, Business Locations: Russia, Ukraine

☆ ‘Not all debt needs to be paid off as soon as possible,’ says CFP—what to focus on first
▼ + stars: | 2024-05-31 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +3 min

A little over 40% of Americans would consider themselves financially successful if they were able to clear their debt, according to a recent Bankrate survey. That number includes mortgage debt, car loans, student loan debt and credit card debt. "Not all debt needs to be paid off as soon as possible," she tells CNBC Make It. For each debt, include the name of your lender, your outstanding balance, the minimum payment, any due dates and the interest rate. And the interest rate for federal student loans ranges from 5.5% to 8.05%, per the Department of Education.

Persons: isn't, Avani Ramnani, Francis, Ramnani, Matt Schulz, Louis Organizations: New York Federal Reserve, Francis Financial, CNBC, Federal Reserve Bank of St, of Education

☆ China to invest $845 million on ramping up its advanced EV battery ambitions
▼ + stars: | 2024-05-30 | by ( Laura He | ) edition.cnn.com time to read: +2 min

Earlier this month, the Biden administration imposed major new tariffs on Chinese EVs, advanced batteries and other goods. The European Commission is set to announce early next month its own decision on Chinese EV tariffs, which could spell trouble for Chinese EV makers that export hundreds of thousands of cars to Europe every year. In January, Toyota (TM) said it would launch vehicles with solid-state batteries in a few years, according to Reuters. Samsung SDI said in March that it would begin mass producing solid-state batteries in 2027. GAC Group, a state-owned automaker based in Guangzhou, said in November that it had achieved a breakthrough in solid-state batteries and would roll out vehicles with them in 2026.

Persons: Biden Organizations: Hong Kong CNN, China Daily, West, European, EV, Global, Toyota, Reuters, Samsung SDI, Volkswagen, GAC Locations: China, Hong Kong, Europe, Beijing, Guangzhou

☆ A national network of local news sites is publishing AI-written articles under fake bylines. Experts are raising alarm
▼ + stars: | 2024-05-30 | by ( Hadas Gold | ) edition.cnn.com time to read: +10 min

But a closer look at the bylines populating the local site and a national network of others — Sarah Kim, Jake Rodriguez, Mitch M. Rosenthal — reveals a tiny badge with the words “AI.” These are not real bylines. The outlet, Hoodline, is not the first or only news site to harness AI. Sports Illustrated deleted several articles from its website after they were found to have been published under fake author names. Keeping local news aliveOn Hoodline’s network of local news sites, it is difficult to find an article not written by the software. But the transformation at Hoodline shows that bigger solutions are needed to keep vital local news reporting alive.

Persons: Sarah Kim, Jake Rodriguez, Mitch M, Rosenthal —, ”, Hoodline, ” Zachary Chen, ” Chen, “ Nina, Mark Graham, Peter Adams, “, ” Adams, Chen, Danielle Coffey, ” Coffey, That’s, Felix Simon, ” Simon, Simon, Benjamin Toff, Hoodline San Francisco ’, Nuala, ” Bishari Organizations: CNN, Media, Tech, Gannett, Internet, Wayback Machine, News Literacy, LinkedIn, Media Alliance, News Corp, Reuters Institute for, Journalism, University of Oxford, Research, University of Minnesota, San Francisco Chronicle Locations: embarrassments, San Francisco, Philippines, Hoodline San

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