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☆ Market sets record — Breaking down whether the bulls are in the clear or a peak is imminent
▼ + stars: | 2024-05-18 | by ( Michael Santoli | ) www.cnbc.com time to read: +7 min

You can't argue with a market making new record highs, though it's fair game to interrogate the tape about its assumptions and intentions. With the Dow Jones Industrial Average closing above 40,000 for the first time Friday and the S & P 500 settling above 5,300 after hitting a fresh all-time high Wednesday, the advice of history suggests not overthinking it. Keith Lerner, strategist at Truist, marks up a long-term S & P 500 chart to show times when it was at an all-time high. Brian Belski, strategist at BMO, last week lifted his year-end S & P 500 target to a Street-high 5,600 . And, quite remarkably, the stock market low of October 2022 occurred at an S & P 500 forward P/E above 15, with unemployment below 4% and in mid-economic expansion.

Persons: Stocks, Keith Lerner, Ned Davis, Brian Belski, Leuthold, Doug Ramsey Organizations: Treasury, Dow Jones, Dow, Ned Davis Research, Investment, Bank, Federal, BMO, Citi U.S, Vegas, Fed, Leuthold Locations: U.S

☆ Intruder Who Bludgeoned Pelosi’s Husband Gets 30-Year Sentence
▼ + stars: | 2024-05-17 | by ( Tim Arango | Jonathan Wolfe | ) www.nytimes.com time to read: +1 min

The man who broke into the San Francisco home of Nancy Pelosi two years ago and bludgeoned her husband with a hammer was sentenced on Friday to 30 years in federal prison, with credit for time already served. The assailant, David DePape, was convicted in November 2023 on federal charges. He admitted on the witness stand during the trial that he had carried out the attack, as he had done before in interviews with the police and media outlets. But he said that he never intended to hurt Ms. Pelosi’s husband, Paul Pelosi. Mr. DePape said his intrusion into the couple’s home in the affluent Pacific Heights neighborhood was part of a plot to kidnap Ms. Pelosi and interrogate her about a supposed corrupt conspiracy led by Ms. Pelosi and other prominent liberal figures.

Persons: Nancy Pelosi, Pelosi, David DePape, Pelosi’s, Paul Pelosi, Mr, DePape, Ms Organizations: San Locations: San Francisco, Pacific Heights

1s ’63 ’70 10 TAYLOR SWIFT 5 ’24 ’06 10 THE BEATLES 5 ’63 ’70 10 TAYLOR SWIFT 5 ’24 ’06 10 THE BEATLES 5 ’63 ’70 10 TAYLOR SWIFT ‘We Are Never Ever Getting Back Together’ (2012) 5 ’24 ’06 10 THE BEATLES 5 ’63 ’70 10 TAYLOR SWIFT ‘We Are Never Ever Getting Back Together’ (2012) 5 ’24 ’06 10 THE BEATLES 5 ’63 ’70 10 TAYLOR SWIFT 5 ’24 ’06 Two bar charts: one for the Beatles, one for Taylor Swift. 30 15 5 MICHAEL JACKSON PLATINUM CERTIFICATIONS TAYLOR SWIFT PLATINUM CERTIFICATIONS 30 ‘Thriller’ 15 5 MICHAEL JACKSON PLATINUM CERTIFICATIONS TAYLOR SWIFT PLATINUM CERTIFICATIONS 30 ‘Thriller’ 15 ‘Fearless’ ‘1989’ 5 MICHAEL JACKSON PLATINUM CERTIFICATIONS TAYLOR SWIFT PLATINUM CERTIFICATIONS 30 15 5 Not yet certified MICHAEL JACKSON PLATINUM CERTIFICATIONS TAYLOR SWIFT PLATINUM CERTIFICATIONS 30 15 5 Not yet certified MICHAEL JACKSON PLATINUM CERTIFICATIONS TAYLOR SWIFT PLATINUM CERTIFICATIONS 30 30 million 15 15 million 5 MICHAEL JACKSON PLATINUM CERTIFICATIONS TAYLOR SWIFT ALBUM SALES 30 30 million 15 15 million 5 MICHAEL JACKSON PLATINUM CERTIFICATIONS TAYLOR SWIFT ALBUM SALES 30 30 million 15 15 million ‘1989’ 5 MICHAEL JACKSON PLATINUM CERTIFICATIONS TAYLOR SWIFT ALBUM SALES 30 30 million 15 15 million ‘1989’ ‘1989 (Taylor’s Version)’ 5 MICHAEL JACKSON PLATINUM CERTIFICATIONS TAYLOR SWIFT ALBUM SALES A grid of 10 Michael Jackson albums covers transitions into charts depicting Michael Jackson’s and Taylor Swift’s album sales. 15 million 10 5 BRITNEY SPEARS ALBUM SALES TAYLOR SWIFT ALBUM SALES ‘... Baby One More Time’ 15 million 10 5 BRITNEY SPEARS ALBUM SALES TAYLOR SWIFT ALBUM SALES ‘1989’ 15 million 10 5 BRITNEY SPEARS ALBUM SALES TAYLOR SWIFT ALBUM SALES Two side-by-side charts depict album sales for Britney Spears and Taylor Swift. 1s ’82 ’12 TAYLOR SWIFT 10 5 ’06 ’24 10 5 ’82 ’12 TAYLOR SWIFT 10 5 ’06 ’24 10 5 ’82 ’12 TAYLOR SWIFT 10 5 ’06 ’24 10 ‘Vogue’ (1990) 5 ’82 ’12 TAYLOR SWIFT 10 5 ’06 ’24 10 ‘This Used To Be My Playground’(1992) 5 ’82 ’12 TAYLOR SWIFT 10 5 ’06 ’24 10 5 ’82 ’12 10 5 ’06 ’24 10 ‘Music’ (2000) 5 ’82 ’12 TAYLOR SWIFT 10 5 ’06 ’24 10 5 ’82 ’12 TAYLOR SWIFT 10 5 ’06 ’24 Two charts show Billboard top hits for Madonna and Swift, over the course of their respective careers. 15 million 10 5 BEYONCE ALBUM SALES TAYLOR SWIFT ALBUM SALES 15 million ‘I Am ... Sasha Fierce’ 10 5 BEYONCE ALBUM SALES TAYLOR SWIFT ALBUM SALES 15 million 10 5 BEYONCE ALBUM SALES TAYLOR SWIFT ALBUM SALES 15 million ‘The Tortured Poets Department’ 10 ‘Cowboy Carter’ 5 BEYONCE ALBUM SALES TAYLOR SWIFT ALBUM SALES Two side-by-side charts depict album sales for Beyoncé and Taylor Swift, respectively.

Persons: Taylor Swift, Michael Jackson, ”, Swift, Frank Sinatra, Stevie Wonder, Paul Simon, Drake, Billy Joel, Britney Spears, Bruce Springsteen, Elton John, Kareem, Brady, Marino, Harry Potter, TAYLOR, TAYLOR SWIFT, Swift’s, didn’t, Max Martin, John Lennon, Paul McCartney, McCartney, George Harrison, “, Taylor, Jackson, MICHAEL JACKSON, ’, Michael Jackson’s, …, “ Ben ”, —, Jackson’s, Micheal Jackson, It’s, she’s, Department ”, Spears, BRITNEY SPEARS, Spears’s, Madonna, Dick Tracy ”, Evita, I’m, David O, “ Ray, Bob Dylan, John, Springsteen, Elton John Farewell, Bruce Springsteen Springsteen, Elton John’s, Bruce Springsteen’s Springsteen, Madonna’s, it’s, Beyoncé, Georg Solti, Quincy Jones, It's, Madonna didn’t, Judy Garland, Barbra Streisand, Sinatra, — Beyoncé, Sasha Fierce, Carter ’, Carter ”, Cowboy Carter, DRAKE, Kendrick Lamar, they’re, gunning, she’ll Organizations: Poets Department, MetLife, Beatles, “, Marvel, Billboard, TAYLOR SWIFT, U.S, Swift, MTV, Recording Industry Association of America, Department, Vogue, Veterans Touring, Drake, Beyoncé, Beyoncé’s Locations: New Jersey, U.S, Kobe, ”, “, pigtails, Amsterdam, Texas

☆ Mercedes-Benz workers in Alabama vote against UAW union membership
▼ + stars: | 2024-05-17 | by ( Michael Wayland | ) www.cnbc.com time to read: +4 min

United Auto Workers (UAW) members and supporters on a picket line outside the ZF Chassis Systems plant in Tuscaloosa, Alabama, US, on Wednesday, Sept. 20, 2023. Andi Rice | Bloomberg | Getty ImagesMercedes-Benz workers in Alabama have voted against union representation by the United Auto Workers, the National Labor Relations Board said Friday. Union organizing failed with 56% of the vote, or 2,642 workers, casting ballots against the UAW, according to the NLRB, which oversaw the election. More than 90% of the 5,075 eligible Mercedes-Benz workers voted in the election, according to the results. If no objections are filed, the election result will be certified, and the union will have to wait one year to file for a union election for a similar bargaining unit.

Persons: Andi Rice, Shawn Fain, Margaret Mock, Stellantis, Michael Wayland, Stephen Silvia, Southern, Mercedes, Silvia Organizations: United Auto Workers, UAW, ZF, Systems, Bloomberg, Getty, Mercedes, Benz, National Labor Relations Board, Detroit, Union, NLRB, Team, Detroit automakers Ford Motor, General Motors, Volkswagen, Southern Gamble, Workers, Foreign, American University Locations: Tuscaloosa , Alabama, Alabama, Tennessee, Sterling Heights , Michigan, U.S, Washington ,

☆ Investing in Space: Boeing inches closer to Starliner launch
▼ + stars: | 2024-05-16 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Boeing's Starliner spacecraft is finally at the pad and on the eve of carrying astronauts for the first time. And, even this test flight doesn't feel like a given. Boeing is going to test the capsule's propulsion system before moving forward, so we'll see if the May 21 target holds. The coming Starliner crew flight test doesn't mean that race is back on.

Persons: Boeing's, CNBC's Michael Sheetz, It's, Starliner's Organizations: Alliance, International, CNBC's, Boeing, NASA, SpaceX Locations: Cape Canaveral , Florida, U.S

☆ At least 4 deaths in Houston, official says, as storms bring ‘life-threatening’ flood risk to Texas and Louisiana
▼ + stars: | 2024-05-16 | by ( Joe Sutton | Elizabeth Wolfe | ) edition.cnn.com time to read: +9 min

More than 100,000 are also in the dark in Louisiana as storms batter the state, as well. Parts of Texas and western Louisiana are under a rare Level 4 of 4 high risk of excessive rainfall Thursday, the Weather Prediction Center said. Major flooding has prompted water rescues in at least one Texas city. Texas and Louisiana have been in the bull’s-eye of seemingly unrelenting rounds of torrential, flooding downpours since the start of April. A tornado warning had been issued earlier Thursday evening in Harris County, including downtown Houston, according to the National Weather Service.

Persons: Samuel Peña, John Whitmire, Houston Mayor John Whitmire, Houstonians, what’s, Hurricane Harvey Organizations: CNN, Houston Fire, Hyatt, Weather Prediction, WPC, National Weather Service, Houston, KPRC, Houston Astros, Oakland Athletics, Houston Mayor, Centerpoint, METRO, Training, Florida Panhandle, Regional Climate Center ., Hurricane Locations: Houston, Hyatt Regency, Texas, Louisiana, Bryan, United States, Georgia, Waco, Mississippi, Lake Charles , Louisiana, Harris County, Harris, city’s, Gulf, Alabama, Florida, Shreveport , Louisiana

☆ Take a look inside Morris-Jumel Mansion, a picturesque 18th-century estate in New York City once home to Aaron Burr
▼ + stars: | 2024-05-16 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +1 min

Built in 1765, Morris-Jumel Mansion is the oldest surviving residence in Manhattan. George Washington spent time there during the Revolutionary War, and Aaron Burr married its owner. AdvertisementMorris-Jumel Mansion is the oldest surviving residence in Manhattan. The historic home was built in 1765 by Colonel Roger Morris, a Loyalist who returned to England when the Revolutionary War broke out. This story is available exclusively to Business Insider subscribers.

Persons: Morris, George Washington, Aaron Burr, —, Roger Morris, Stephen Jumel Organizations: Service, Loyalist, Business Locations: Manhattan, England, Harlem Heights, French

Stock Chart Icon Stock chart icon The Dow, all-timeThe average was created by Charles Dow in 1896 with just 12 industrial stocks. Paired with the Dow Jones Transportation Average , the two were collectively meant to offer a gauge for the broader economy. The sole caveat: No utility or transportation stocks are included, given the existence of the Dow Jones Utility Average and Transportation Average. 1972: Dow hits 1,000It may be hard to imagine given the recent achievement, but the Dow traded below 1,000 until the early 1970s. The Dow saw its worst year since 2008 in 2022, though 2023's rebound allowed the index to erase those losses.

Persons: Spencer Platt, Dow, Charles Dow, There's, Richard Nixon, Alcoa Esmark, Du Pont, Dow didn't, Walt Disney, Eastman Kodak Merck Alcoa ExxonMobil Phillip Morris, T General Motors Sears, Morgan, Phillip Morris, Walmart Du Pont J.P, Morgan Chase Walt, Donald Trump, General Electric Nike American Express Goldman Sachs, Morgan Chase, Johnson, Joe Biden, Trump, Goldman Sachs, Gamble Amgen, — Organizations: New York Stock Exchange, Getty, Dow Jones, Dow Jones Transportation, P Global, Dow, CNBC, General Foods, Harvester, Chevron, Procter, Gamble, Alcoa, Manville, ExxonMobil, Illinois Glass American Tobacco General Electric Procter, General Foods Sears Roebuck AT, T General Motors Texaco Bethlehem Steel, T General Motors Texaco Bethlehem Steel Goodyear Union Carbide Chevron Honeywell United Technologies Chrysler International Harvester US, Nickel Westinghouse Electric Eastman Kodak International, Woolworth, Oasis, Eastman Kodak Merck Alcoa ExxonMobil, Express General Electric Procter, Gamble AT, T General Motors, T General Motors Sears Roebuck Bethlehem Steel Goodyear Texaco Boeing Honeywell Union Carbide Caterpillar IBM United Technologies Chevron International, Walt Disney, Morgan Chase Westinghouse, Apple, Microsoft, Sears and Union Carbide, Eastman Kodak Johnson, Johnson Alcoa ExxonMobil, American Express General Electric Merck AT, T, Goodyear Procter & Gamble Caterpillar Hewlett, Packard Sears, Chevron Honeywell Union Carbide Citigroup IBM United Technologies, Walmart, Morgan Chase Walt Disney, Visa, Travelers, Nike, General Electric Nike American Express, General Electric Nike American Express Goldman Sachs Pfizer Apple Home Depot Procter, Gamble Boeing IBM Travelers Caterpillar Intel United Technologies Chevron, Morgan Chase UnitedHealth, Cisco Systems Johnson, Johnson Verizon, Cola McDonald’s, Du Pont Merck Walmart ExxonMobil Microsoft Corporation Walt Disney, Exxon Mobil, Walgreens Boots Alliance, Goldman Sachs Nike American Express Home Depot Procter, Gamble Amgen Honeywell, Apple Intel Travelers Cos Boeing IBM, Caterpillar Johnson, Johnson Verizon Chevron, Cisco Systems, Walgreens, Alliance Coca Cola Merck Walmart Dow Microsoft Walt Disney Locations: New York City, T General Motors Texaco Bethlehem Steel Goodyear, America

☆ Roaring Kitty's tweet sent GameStop spiking. The company's cofounder shares his outlook on where the stock is headed and advises hedge funds on how to navigate it.
▼ + stars: | 2024-05-15 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

There's no sense in this, said Gary Kusin, the cofounder of Babbage, the company to which GameStop traces its roots. Imagine if Taylor Swift's brand or company went public, and all the Swifties bought stock, the shares would be overvalued. What Wall Street doesn't understand is that there are Swifties in the video game industry. "If I worked on Wall Street, I would find some other stocks and some other places to go; I wouldn't touch GameStop." And I believe that's exactly what's ailing Wall Street right now," Kusin said.

Persons: Michael Burry, Keith Gill, Gary Kusin, Babbage, Kusin, It's, Taylor, Swifties, Shorting, doesn't, Citron, Brooks, Macy's Organizations: GameStop, Melvin Capital Management, Technology, S3 Partners

☆ The Battle for The Streets of New York
▼ + stars: | 2024-05-13 | by ( Dodai Stewart | ) www.nytimes.com time to read: +11 min

New York City streets and sidewalks have always been crowded, but it’s never been like this. But lately, New York City streets are teetering between lively and unlivable. Karsten Moran for The New York Times“I think this could be the catalyst for a streets renaissance in New York,” Janette Sadik-Khan, New York City’s former transportation commissioner, said in a recent interview. New York City’s population reached 8.8 million in 2020, and the New York region is now home to nearly 19 million people. Use this form to tell us what you think about the state of New York City’s streets.

Persons: it’s, Karsten Moran, ” Janette Sadik, “, ”, Susan Lee, William Notman, Jon Orcutt, you’re, —, Henry Hale Bliss, Bliss, James Nevius, George Rinhart, Damon Winter, Sadik, Yorkers who’ve, Ms, Khan Organizations: New, Lexington, Verizon, FedEx, The New York Times, Broadway, Getty, Yorkers, Brooklyn baseball, Midtown, Bike New, city’s Department of Transportation, Park West, Times, New York Times, Cycling Locations: New York City, New York, Manhattan, , New York, York, York’s, Midtown —, Bike New York, United States, Holland, Jackson, Queens, Bogotá, Stockholm, London, Paris, Europe, —

☆ GameStop Shares Surge After ‘Roaring Kitty’ Re-emerges
▼ + stars: | 2024-05-13 | by ( J. Edward Moreno | More About J. Edward Moreno | ) www.nytimes.com time to read: +1 min

GameStop’s share price skyrocketed on Monday after the man who became the face of “meme stock” mania in 2021 with his enthusiastic promotion of the struggling video game retailer emerged from a three-year hiatus. On Sunday evening, Keith Gill, the trader known on some social media platforms as Roaring Kitty, posted an illustration of a person holding a video game controller while leaning forward on a chair on X. On no other news, GameStop’s stock more than doubled in early trading, prompting several temporary volatility-related halts by the New York Stock Exchange. The company’s shares approached a two-year high, adding billions in market value in a matter of hours. But even after Monday’s surge, GameStop’s stock remained well below the heights it reached in 2021.

Persons: Keith Gill, Kitty, Gill, Ferris, Ludacris Organizations: New York Stock Exchange, GameStop, AMC Entertainment

☆ Looks like Masayoshi Son's plan to go all in on AI is starting to pay off for SoftBank
▼ + stars: | 2024-05-13 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

The Japanese billionaire's conglomerate posted a $1.5 billion profit for its latest quarter. The gains come off the back of its big bet on chip firm ARM, which is targeting AI opportunities. Arm Holdings CEO Rene Haas is seeking to capitalize on the AI boom. But as the appetite for ARM's AI activities show, SoftBank has room to grow in the face of the latest boom. If he's able to find the right bets, AI could pay off handsomely in the long term.

Persons: Masayoshi, —, It's, SoftBank, Rene Haas, Michael M, Yoshimitsu Goto, Son, WeWork, AI's Organizations: ARM, Service, Son, Nasdaq, Apple, Arm, Funds, Nvidia Locations: Tokyo, Cambridge, London, Alibaba

☆ In Maryland’s Democratic Senate primary, a high-stakes clash between a history-making pick and a candidate with deep pockets
▼ + stars: | 2024-05-11 | by ( Simone Pathe | ) edition.cnn.com time to read: +11 min

Silver Spring, Maryland CNN —The farmers market in this suburb of Washington, DC, was a ripe crowd for Angela Alsobrooks, who’s locked in an increasingly contentious Senate Democratic primary on Tuesday. “I would really like to see a Black woman in the Senate. If elected in November, Alsobrooks, the executive of Prince George’s County, could become only the third Black woman ever elected to the Senate. (The one Black woman currently serving — California’s Laphonza Butler — was appointed and isn’t running to stay beyond this year.) “Electing women is not just good for Maryland,” Alsobrooks told supporters assembled outside her campaign office.

Persons: Angela Alsobrooks, who’s, “, Kathy Pruitt, California’s Laphonza Butler —, Alsobrooks, David Trone, ”, Mileah Kromer, Trone, Larry Hogan, ” Pruitt, Hogan, Brian Snyder, “ I’ve, ” —, it’s, ” Alsobrooks, ” Ellen Malcolm, —, Maryland’s Barbara Mikulski, Wes Moore, Sen, Ben Cardin, Barbara Lee, Lisa Blunt Rochester, Pamela Luckett, “ It’s, that’s, he’ll, Alsobrooks hasn’t, doesn’t, Joanne Benson, Donald Trump, It’s, Prince, Krystal Oriadha, you’re, — who’s, — doesn’t, ” Benson, She’s, Glynda Carr, Black, ” Carr, hasn’t, Pruitt Organizations: Maryland CNN, Democratic, Takoma Park, Prince, Senate, Goucher College Poll, Maryland, House Democratic, GOP Gov, Maryland Gov, Saint Anselm College, Reuters, Bowie, Democrats, PAC, Washington Post, Gov, California Rep, Spring, Republicans, NBC, CNN, Capitol, ”, GOP, AFI, NRA, Higher Locations: Maryland, Washington, Alsobrooks, Prince George’s County, George’s, Manchester , New Hampshire, Black, America, who’s, Delaware, Prince George’s, Higher Heights

University commencement season in New York City starts on Friday, in a climate that is anything but normal. At N.Y.U., dozens of graduate student workers are threatening to withhold grades if the university does not remove police officers from campus. Nemat Shafik, Columbia’s president, announced on Monday that the school was canceling its main commencement ceremony, largely for security reasons. will hold its large commencement ceremony at Yankee Stadium next Wednesday. The New School will hold its commencement at Louis Armstrong Stadium in Queens next Friday.

Persons: Nemat, Shafik, ”, Zohar Ford, Dr, “, ” “ Organizations: University, Fashion Institute of Technology, City College, Fordham University, The New School and Columbia, Columbia, School of Professional, School of Social, Yankee, New, Louis Armstrong, Low Library, Hamilton Hall, Financial Times Locations: New York City, Israel, N.Y.U, Gaza, Queens, Morningside, Hamilton, “, Columbia

☆ Russia sees window of opportunity to expand attacks as Ukraine awaits further US aid, officials say
▼ + stars: | 2024-05-09 | by ( Jim Sciutto | ) edition.cnn.com time to read: +3 min

Ukrainian authorities say Russia fired more than 50 missiles and 20 drones, targeting energy infrastructure around the country. But months of inaction has resulted in real costs for Ukrainian forces on the battlefield in both territory and casualties, these officials say. Russian forces are expected to attempt to make further progress and consolidate earlier gains, before this window of opportunity closes. Western and Ukrainian officials view the near-term threat of stepped-up attacks as tied to Russian plans for a larger offensive early this summer. US and Ukrainian officials remain concerned about a further partial mobilization by Russia to send more manpower to the frontlines, as Ukraine is struggling with its own manpower shortage.

Persons: ”, Oleksiy Goncharenko, Mike Johnson, ” Goncharenko, Chasiv Organizations: CNN, ” CNN Locations: Russia, Ukraine, Israel, Taiwan, Avdiivka, Pokrovsk, Chasiv Yar, Bakhmut

☆ Jason and Travis Kelce's parents agreed to postpone their divorce until after their sons finished college
▼ + stars: | 2024-05-09 | by ( Amanda Goh | ) www.businessinsider.com time to read: +3 min

Donna Kelce says she and her ex-husband Ed decided to stay married until their sons finished college. Both parents still regularly attend their sons' NFL games, sometimes with Taylor Swift. AdvertisementDonna Kelce, 71, says she and ex-husband Ed decided to divorce only after their sons Jason and Travis Kelce graduated from college. AdvertisementThe Kelce family lived in Cleveland Heights, Ohio, and both Jason and Travis went on to study and play football at the University of Cincinnati. Even though they have been separated for some time, both parents still regularly attend their sons' NFL games.

Persons: Donna Kelce, Ed, Kelce, Martha Stewart, Taylor Swift, —, Jason, Travis Kelce, Travis, Sofía Vergara, Joe Manganiello, Kevin Costner, Christine Baumgartner, Reese Witherspoon, Jim Toth, Gwyneth Paltrow, Alex Kapp Organizations: NFL, Service, University of Cincinnati, Philadelphia Eagles, Kansas City Chiefs, Bowling Green State University's National, for Family Locations: Cleveland Heights , Ohio

☆ Home Sellers' Tough Summer: Get Ready for Lower Prices, Fewer Offers
▼ + stars: | 2024-05-08 | by ( James Rodriguez | ) www.businessinsider.com time to read: +11 min

Rich baby boomers jumped in with all-cash offers, and sellers scored huge windfalls as weary buyers pushed prices to new heights. After all, people have to move for a wide variety of life reasons; mortgage rates be damned. "The further and further we get from the peak of the market," Peterson told me, "the harder it is to deny what's happened." Mortgage rates haven't fallen — in fact, they've gone up about 0.6 percentage points since the start of the year. "It can always be tricky telling somebody that they were just lucky because it makes you sound envious," Peterson told me.

Persons: Rich, Sellers, Eric Peterson, Peterson, Austin, Freddie, they've, Selma Hepp, Freddie Mac, Mike Simonsen, Redfin, towners, Libby Levinson, Katz, Price, Levinson, John Burns, they'll, Realtor.com, you'd Organizations: Freddie Mac, Reserve, Federal Housing Finance Agency, Altos Research, Sun, John, John Burns Research, Consulting Locations: Austin, Boise , Idaho, Denver

☆ Young Michigan voters reveal deepening political problems for Biden seven months after start of Israel-Hamas war
▼ + stars: | 2024-05-08 | by ( John King | ) edition.cnn.com time to read: +11 min

“All roads to the White House go through Michigan,” Gray said. “Michigan is up for grabs, and I did not think I would be saying this right now. “And that starts with calling for a cease fire, for listening to his student voters across the country.”A sign in the encampment at the University of Michigan in May 2024. Younger voters were critical to Biden returning Michigan to the blue column in 2020; exit polling showed Biden winning 61% of voters aged 18-29, to just 37% for Donald Trump. Both hope a break from campus protests and demonstrations will give younger voters time and space to see a bigger picture.

Persons: Ann, Jade Gray, ” Gray, ”, Gray, Jalisatgi, Joe Biden, “ Joe Biden, CNN Jalisatgi, Biden, Donald Trump, Matkin, “ I’d, Summer Matkin, John King, Taylor Swift, ” Matkin, Trump, “ I’ve, Maya Siegmann, Siegmann, “, …, Siegmman, Hillel, ” Siegmann, Benjamin Netanyahu, Ibrahim Ghazal, Ghazal, ” Ghazal, ” Ibrahim Ghazal, CNN Ghazal, I’m, Who’s, ” Jalisatgi Organizations: Ann Arbor , Michigan CNN, University of Michigan Student Union, College Democrats, University of Michigan, CNN, Biden, Younger, Michigan Democrats, Wayne State, Trump, Wayne, CNN Wayne State, Hillel, Jewish, Israel, Democratic, GOP, New University of Michigan, Jalisatgi, University of Michigan’s, Supreme Locations: Ann Arbor , Michigan, Gaza, Michigan, “ Michigan, Israel, Detroit, Palestine, Wayne State, Dearborn, Dearborn Heights, Hamtramck, Missouri

☆ An escalating cold war between US and China would be a blow to global growth, IMF official says
▼ + stars: | 2024-05-08 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +3 min

Read previewA more intense cold war between the US and China would have a potentially dire impact on the global economy, according to an official from the International Monetary Fund. Speaking at Stanford University on Tuesday, IMF deputy managing director Gita Gopinath said that while US-China tensions haven't yet devolved into a full-blown cold war, such an escalation would be a major headwind to global growth. Advertisement"The emergence of these 'connector' countries—perhaps most notably Mexico and Vietnam—may have helped cushion the global economic impact of direct trade decoupling between the U.S. and China," Gopinath said. Zooming out, Gopinath highlighted that geopolitical instability in regions like the Middle East and turmoil stemming from the Russia-Ukraine war has sparked trade turbulence unseen since the Cold War. The IMF emphasized that trade fragmentation carries a higher price tag today, with the goods trade-to-GDP ratio now at 45% compared to 16% at the onset of the Cold War.

Persons: —, Gita Gopinath, Gopinath Organizations: Service, International Monetary Fund, Stanford University, Tuesday, Business, IMF, U.S Locations: China, Mexico, Vietnam, Russia, Ukraine

☆ Chinese climbers stuck on cliff for more than an hour due to overcrowding
▼ + stars: | 2024-05-07 | by ( Lilit Marcus | Wayne Chang | ) edition.cnn.com time to read: +2 min

Earlier this week, groups of travelers climbing Yandang Mountain in eastern China were stuck partway up a cliff, clinging to a rope along a fixed climbing route, for more than an hour. Someone like me afraid of heights might just wet myself up there!” wrote one Chinese online commenter. Wenzhou Dingcheng Sports Development Co., Ltd, which manages the via ferrata, said it had underestimated the number of people interested in climbing the mountain. Yandang Mountain is about 410 km (255 miles) south of Shanghai, in Zhejiang province, and is 1150 meters (3,773 feet) high. A popular site for holidaymakers in China, Yandang Mountain was submitted for UNESCO World Heritage site designation in 2001 and remains on the tentative list.

Persons: Everest, rungs, ”, I’m Organizations: CNN, Sports Development Co, Labor, UNESCO Locations: China, Wenzhou, Shanghai, Zhejiang province

☆ John Leguizamo on His Best Movie Roles: 'Carlito's Way,' 'Encanto'
▼ + stars: | 2024-05-07 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +11 min

Before John Leguizamo was an acclaimed writer, director, and film star, he was a young Latino actor just trying to get into audition rooms. On turning down 'Carlito's Way' multiple times and becoming a leading man(L-R) Al Pacino and John Leguizamo in "Carlito's Way." UniversalYou've spoken before about turning down "Carlito's Way" a few times before you eventually made the call to sign on. John Leguizamo as Luigi in "Super Mario Bros." (1993) Warner BrosOn doing too many 'ice movies' and feeling dissed by 'Mr. On 'Sigma male' Bruno and getting a bonus for 'Encanto'Maribel and Bruno (voiced by John Leguizamo) in "Encanto."

Persons: John Leguizamo, Leguizamo, Brando, James Dean, Shakespeare, William Goldman, Benny Blanco, Luigi, Mario, he's, He's, Al Pacino, I've, Benicio, Annabel Jankel, Rocky Morton, Mr, Smith, you've, Wears, Stanley Tucci, Robin Williams, Vince Vaughn, Sid, Sloth, Fox, —, Mike Berg, Peter Ackerman, Chris Wedge, Philip Seymour Hoffman, Ben Stiller, Ray Romano, Denis Leary, Michael Keaton, would've, hadn't, Bruno, Coco, that's, Lin, Manuel Miranda, Spike Lee, Sam, Mel Blanc, I'd Organizations: Broadway, New York Daily News, Warner Bros, Marvel, Sigma, Walt Disney Animation, Disney, Cannes, HBO Locations: Jackson Heights , Queens, Toro, Puerto Rican

☆ India’s economy and Modi, Ambani, Adani: The three men shaping the next economic superpower
▼ + stars: | 2024-05-07 | by ( Diksha Madhok | ) edition.cnn.com time to read: +13 min

Fellow billionaire Gautam Adani, founder of the Adani group, was also invited. Reliance Industries and the Adani Group are sprawling conglomerates worth over $200 billion each, with established businesses in sectors ranging from fossil fuels and clean energy to media and technology. As a result, these three men — Modi, Ambani and Adani — are playing a fundamental role in shaping the economic superpower India will become in the coming decades. Both Adani and Ambani have become key allies as the country embarks on this revolution. “India cannot grow rich before it becomes old on the back of a few big firms like Adani or Ambani,” he said.

Persons: Mukesh Ambani, Mark Zuckerberg, Bill Gates, Ivanka Trump, popstar Rihanna, David Blaine, Ambani, Gautam Adani, Jeff Bezos, ”, Rohit Lamba, Narendra Modi, — Modi, Adani, Noemi Cassanelli, ’, John D Rockefeller, Vanderbilt, James Crabtree, Modi, Guido Cozzi, Cozzi, Ambani’s, Dhirubhai, helms, Cantor Fitzgerald, Cantor, ’ Ambani, Amit Dave, Hindenburg’s, ferociously, ” Cantor, Modi’s, Prasanna Tantri, Crabtree, Lamba Organizations: New, New Delhi CNN —, Reliance Industries, Pennsylvania State University, Investors, Adani, CNN, Adani Realty, Frick, Astor, Carnegie, Samsung, Hyundai, World Bank . Coal, University of St, Adani Group, Reliance, Reliance Industry, Adani Enterprises, AEL “, Tata Group, Modi, India’s, Hindenburg, GQG Partners, Indian School of Business Locations: New Delhi, Gujarat, Davos, Coachella, Silicon Valley, India, China, Mumbai, Antilia, America, Asia, Britain, South Korea, Worth, United Kingdom, University of St Gallen, Switzerland, American

☆ Stocks are primed to tumble into a bear market as bullish investors have driven equities to 1929 extremes, famed fund manager says
▼ + stars: | 2024-05-07 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The stock market looks poised to fall from its extreme heights, legendary investor John Hussman said. Hussman said the stock market is mirroring the extremes leading up the 1929 crash. The S&P 500 has broken a series of record highs this year, and has regained momentum in recent days after a lackluster month in April. AdvertisementHussman's firm is expecting the S&P 500 to underperform Treasury bonds by 9.3% a year for the next 12 years, based on his firm's internal metrics. Just 39% of investors said they were bullish on stocks over the next 6 months, according to the AAII's latest Investor Sentiment Survey.

Persons: John Hussman, Hussman, he's, — Organizations: Service, Investment Trust, Investor

☆ Manchester United’s turbulent season plunges to new low after 4-0 humiliation
▼ + stars: | 2024-05-07 | by ( Ben Church | ) edition.cnn.com time to read: +4 min

CNN —Manchester United’s season reached a new low on Monday after being thrashed 4-0 by Crystal Palace in the Premier League, a result which heaped more pressure on a club in crisis. The scoreline could have been more emphatic had United’s opponent been more clinical, but the defeat was still United’s heaviest in a poor season. The 20-time league champion now sits eighth in the table – United has never finished below seventh in the Premier League era. “As Manchester United, we should perform better. Crystal Palace was brilliant and could have scored more against Manchester United.

Persons: Opta, ”, Erik ten Hag, “ It’s, Rasmus Hojlund, Adrian Dennis, Alex Ferguson, Ferguson, Jamie Carragher, United, Casemiro Organizations: CNN, Manchester, Premier League, Reds, Manchester United, Getty, Liverpool, Sky Sports, Real Madrid, United, Europa League, Europa Conference . Chelsea, Arsenal, Sunday, Manchester City, FA, Wembley, European Locations: Crystal, AFP, United

☆ Columbia’s student journalists produced New York magazine’s cover story. Here’s how they did it
▼ + stars: | 2024-05-07 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

“It was clear from the outset that The Spectator was really leading the coverage,” Summers told CNN by phone Monday. The photographs were captured by student journalists — including the cover image shot by freshman Stella Ragas — working in conjunction with New York photo director Jody Quon. Gathering reporting from campus for the issue, however, was not without its challenges for the student journalists. “There is significantly more trust of us than national outlets who parachute in and maybe don’t have the intimate knowledge,” Ramirez told CNN. In fact, when the encampments first propped up on campus, Ramirez told CNN that the student journalists were reluctant to retire for the night.

Persons: New York CNN —, Nick Summers, Isabella Ramirez, Summers, ” Summers, Ramirez, —, Stella, Jody Quon, David Dee Delgado, ”, Quon, “, ” Quon, ” Ramirez Organizations: New York CNN, New York, Columbia University, Columbia Daily Spectator, The Spectator, New, CNN, The, Hamilton Hall, Israel, Rye, Protesters, Reuters “ Locations: New York, Morningside, Rye Spaeth, Hamilton Hall

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