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People filling water in plastic cans from a water supply tanker at Chanakyapuri, Delhi on June 12, 2024. India's capital Delhi is facing a severe water crisis as the country undergoes its "longest spell" of recorded heatwave. "Heat wave to severe heat wave conditions [are] likely to continue over northern parts of India during next 4-5 days," IMD said in a release. The highest daily temperature in Delhi has consecutively surpassed 40°C since May 12, weather forecasting site AccuWeather showed. Other parts of India were not spared, with temperatures in some cities touching 47.5°C on Thursday.
Persons: Mrutyunjay Mohapatra, Atishi Organizations: India's Meteorological Department, IMD, Indian Express, Economic Times, World Meteorological Organization Locations: Chanakyapuri, Delhi, India's, India, Mungeshpur, South, Southeast Asia, Bangladesh, Thailand, Vietnam, Asia
Read previewThe Line — a part of Neom that comprises two mirrored skyscrapers — is one of the most famous regions of the planned megacity. Andreas Krieg, a Gulf specialist at the Institute of Middle Eastern Studies at King's College London, called plans for The Line "completely ludicrous." "The Line is a project that is not sustainable; it's a completely ludicrous megaproject that was never realizable because of the sheer cost of it," he told Business Insider. Executives working on Neom reportedly have dismissed the official Suadi figure of $500 billion as unrealistically low. "The world has never seen anything like The Line," Krieg said.
Persons: , Andreas Krieg, Krieg, Neom, Peter Cook Organizations: Service, Business, Institute of Middle Eastern, King's College London, Bloomberg, Wall Street, Architects Locations: Neom, Saudi, Gulf, British
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How should traders invest in a higher-for-longer rate environment? Before the Bell: What do higher-for-longer rates mean for the stock market? What I find interesting and actually kind of invigorating is the resilience of the US economy in the face of these expected higher-for-longer rates. There will be some sectors that higher-for-longer rates will impact. And so we can see consumer durables slowing down or suffering a little bit in this higher-for-longer rate environment.
Persons: Price, Bell, Wylie Tollette, we’ve, We’ve, Jeanne Sahadi, isn’t, , , , ” Read, iPhones Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Consumer, Franklin Templeton Investment Solutions, Big Tech, Energy, Gallup, Global, , Apple, Microsoft, Nvidia Locations: New York, “ State, United States
As the field of stocks that both serve artificial intelligence data centers and have outperformed the rest of the market grows, Morgan Stanley is changing its approach in a search for value. All of the stocks included are rated overweight at Morgan Stanley. Morgan Stanley upgraded Ciena Corporation to overweight as part of the note and in concert with its GVAT model. NVDA YTD mountain Nvidia stock. Other names on the Morgan Stanley list include Broadcom and Taiwan Semiconductor Manufacturing .
Persons: Morgan Stanley, Meta Marshall, Marshall Organizations: Nvidia, Wall, Ciena Corporation, Broadcom, Taiwan Semiconductor Manufacturing
London CNN —King Charles III was in his element this week as he celebrated a very special moment for his foundation at St. James’s Palace in London. On Tuesday, the 75-year-old monarch attended the inaugural awards of his King’s Foundation, so we thought, why not take our Royal News readers along with us? Now, to rewind for just a moment – King Charles set up the charity back in 1990 when he was still the Prince of Wales. King’s Foundation chief executive Kristina Murrin told CNN that the charity is underpinned by the monarch’s philosophy of working in concert with nature to “build sustainable thriving communities.”King Charles III presents the Harmony Award to Ban Ki-moon, left, the former United Nations secretary-general, at the King's Foundation awards. King Charles III smells a wool sample at the King's Foundation awards.
Persons: London CNN — King Charles III, James’s, King Charles, Prince of Wales, Kristina Murrin, ” King Charles III, Ban, Kirsty Wigglesworth, ” Murrin, Rod Stewart, Penny Lancaster, David Beckham, Sienna Miller, Edward Enninful, Naomi Campbell, Raymond Blanc, King Charles III, we’ve, , Charles, King, Alan Titchmarsh, , Isabelle Pennington, I’d, Beckham, “ we’ll, Murrin Organizations: CNN’s Royal, London CNN, Foundation, Royal News, King’s Foundation, CNN, United Nations, King's Foundation, Dumfries House, King Charles III Harmony, UN, Pipers, National Piping Centre, Rock Choir, King’s, England, Royal Locations: London, St, United Kingdom, Korean, James’s, Edmead, Caribbean, Germany, Iceland
The Conversation —In September 2023, several people came down with dengue fever in Paris, France. Aedes has spread considerably further than in 2016, and the number of dengue cases worldwide has increased dramatically in the same period. For the Paris Olympics to become a super-spreader event, several factors must overlap. Most dengue cases are asymptomatic. At the Rio Carnival this year, a dengue outbreak just days before the event led to a public health emergency being called, but the event wasn’t cancelled.
Persons: Mary ”, Mary Mallon, Dr, Sanjay Gupta Organizations: CNN, Tokyo Olympics, Paris Olympics, Olympics, CNN Health Locations: Paris, France, Europe, COVID, Hunan Province, China, Peru, Brazil, Africa, Aedes
With picture-postcard villages, country pubs and an unmistakable air of affluence, there are few greater strongholds for Britain’s Conservative Party than Surrey, where voters have chosen Jeremy Hunt, the current chancellor of the Exchequer, as a lawmaker in five consecutive elections. But even he admits that he may be out of Parliament after July 4. “I’m very well known locally, I’m knocking on doors, I’m talking to people and I’ve got a certain following from my 19 years as a member of Parliament,” Mr. Hunt told The New York Times last week as he prepared to appeal for votes in Chiddingfold, 50 miles southwest of London. “But this is definitely the toughest it’s ever been.”The fact that the second most powerful man in the government now sees himself as the underdog is testament to the scale of the threat facing the Conservatives at next month’s general election. Angry at economic stagnation, the impact of Brexit and a crisis in public services after years of government austerity, traditional Tory voters are deserting the party in the prosperous English districts that have long provided its most reliable support.
Persons: Jeremy Hunt, , I’ve, ” Mr, Hunt Organizations: Britain’s Conservative Party, Surrey, New York Times, Conservatives Locations: Chiddingfold, London
Because the event is a festival and not just a one-off concert, buying Electric Forest tickets is a bit more complex than simply picking a seat. Electric Forest 2024 festival scheduleElectric Forest 2024 begins June 20 and continues through June 23 in Rothbury, MI. Date City Vivid Seats prices StubHub prices June 20 Rothbury, MI - $466 June 21 Rothbury, MI - $412 June 22 Rothbury, MI - $1,166 June 23 Rothbury, MI - - June 20-23 Rothbury, MI $433 $332How to buy tickets for Electric Forest 2024 festivalWhile original tickets are sold out, some Electric Forest tickets are still available from verified resale outlets, including Vivid Seats and StubHub. While original Electric Forest tickets are sold out, as of this writing, StubHub has general admission tickets starting at $332 for the four days. Check out Electric Forest's full lineup, schedule, campground map, and more at the Electric Forest website.
Persons: Nelly Furtado, Ludacris, John Summit, Dom Dolla, StubHub, Ben Bohmer, Subtronics, Charlotte De White, Umphrey's McGee, Atliens, Barclay Crenshaw, Cassian, Chase, G Jones, Green, Kenny, Mau, Neil Frances, Rawayana, Sammy Virji, Sara Landry, Vini, Whyte Organizations: Business, Electric, Madison House, Vivid, Sherwood Court, John, Seven Lions Locations: Rothbury , Michigan, Rothbury , MI, Rothbury, MI, StubHub, multipacks
“I believe he’ll be a pro-life president in the future also.”Many senior Trump administration alumni and allies are now mapping out and drafting policy options for a second Trump term. A second Trump term would also put back in place and expand restrictions on Title X grants – federal funds for public and nonprofit groups that provide family planning. Resurrecting these actions in a second Trump would almost entirely be up to the discretion of whomever he appoints to lead the relevant federal agencies. With Roe v. Wade’s protections erased, anti-abortion activists would like a second Trump administration to push harder than it did before – especially in restricting access to mifepristone. Abortion rights advocates worry he could play an outsize role shaping abortion restrictions in a potential second Trump administration.
Persons: Donald Trump’s, Ronald Reagan, , Roe, Wade, Dobbs, Trump, ” Trump, , Trump –, Joe Biden’s, Kellyanne Conway, ’ ”, Mary Ziegler, Davis, Roger Severino, Trump’s, Reagan, Biden, ” Julie Lewis, Ziegler, David S, Cohen, Comstock, Skye Perryman, ” Mark Lee Dickson, Donald J, ” Dickson, “ He’s, Jonathan Mitchell, Mitchell Organizations: CNN, Trump, New, Capitol, “ Republicans, Democratic, Republican, Fox, Heritage Foundation, Biden’s, Department, University of California, Trump Health, Human Services, HHS, Food and Drug Administration, DOJ, UC Davis, Food, FDA, ” Drexel University, White, Justice Department, Democracy, Department of Justice, Cities, mifepristone, Time Locations: New York, Florida, Arizona, Mexico, Texas, America, United States, Colorado
By the time intelligence collected on overseas ISIS targets connected the men to the terror group, they had already been vetted by immigration authorities and allowed into the country, officials said. The men remain in federal custody on immigration charges and will eventually be deported following the counterterror investigation into them. US officials and analysts who closely track Islamist terror groups do know that ISIS-K has dramatically ramped up its online propaganda machine. But that’s not necessarily a reliable gauge of the number of actual terrorists who may be trying to enter the United States, US officials argue. Or they could belong to a legacy terror group — like the FARC — that isn’t known for conducting attacks on US soil.
Persons: , “ We’re, , Michael Morell, Christopher Wray, CNN Colin Clarke, ” Clarke, ” Republican Oklahoma Sen, James Lankford, noncitizens, that’s, Clarke, — it’s, ” Said, It’s Organizations: CNN, ISIS, FBI, ICE, Islamic, Crocus, US, Affairs, Foreign Affairs, ” Republican Oklahoma, Jordanian, US Marines Locations: Tajikistan, Central Asia, Afghanistan, Europe, Moscow, United States, al Qaeda, Syria, North America, Central, Uzbekistan, Kazakhstan, Quantico
This as-told-to essay is based on a conversation with Roger, who is affiliated with the Haley Voters Working Group. The group is comprised of former primary supporters of UN Ambassador Nikki Haley who are supporting President Joe Biden in the general election or considering supporting the president. I'm an old-school Reagan fan, and Nikki Haley is a genuine Republican. Voters know that President Trump is the only person who will beat Joe Biden and take back the White House. President Trump will put America First instead of getting into more wars and more conflict like Biden has done."
Persons: Roger, Nikki Haley, Joe Biden, We've, Trump, Donald Trump, we've, Time, I've, I'm, Mike Pence, Mark Peterson, He's, MAGA, he's, Haley, Biden, Herika Martinez, Reagan, Steven Cheung, President Trump, Jack Smith's Organizations: Service, Haley, UN, Manhattan, Barnum, Republican, AFP, Getty, NATO, Voters, America, FBI Locations: York, United States, Rio Grande, New York City, Chicago, Detroit, Atlanta, Ukraine, Korea, South Carolina, North Korea, Russia, America, Mar
Read previewUkraine's sustained attacks against Russia's air defenses could make occupied Crimea untenable as a military staging ground, war analysts said. Ukraine has repeatedly hit Russia's air defenses in Crimea over the last few months, with attacks intensifying this week. AdvertisementAccording to reports, one Russian S-400 "Triumf" and two S-300 air-defense missile systems were targeted overnight on Sunday into Monday, with suggestions that Ukraine used US-supplied Army Tactical Missile Systems, known as ATACMS. AdvertisementForbes reached a similar conclusion on Wednesday, saying Russia's S-400 missile systems can't defend nearby Russian troops or even themselves. AdvertisementBut despite Ukraine's recent successes, its campaign of long-range air strikes won't be the silver bullet that ends Russia's occupation of Crimea, military experts told BI.
Persons: , Ukraine's, Forbes, Russia's, Kyrylo Budanov, Keir Giles, Giles, they're, Matthew Savill, James Black, Putin Organizations: Service, Institute for, Business, Army Tactical Missile Systems, Staff of, Armed Forces, Chatham House's, Eurasia Programme, Royal United Services Institute, RAND Europe, Kremlin Locations: Crimea, Russia, Ukraine, Russian, Chatham House's Russia, Eurasia, Ukrainian
The 38-point margin of victory is the third-largest in NBA Finals history. Advertisement“We had to play our A game — it was this or we go on vacation,” Dallas coach Jason Kidd said. The Mavericks trail 3-1, and no team has ever come back to win an NBA playoff series after losing the first three games (0-for-156; 0-for-14 in the finals). Only three halftime deficits are larger than those 26 points in the history of the NBA finals. Do it the next one.”Dereck Lively II was huge off the bench for Dallas in the Game 4 win!
Persons: Luka Dončić, ” Dallas, Jason Kidd, , ake Organizations: DALLAS, Dallas Mavericks, NBA, Dallas, Mavericks, Boston Celtics, LUKA DONCIC 🔥 Locations: lier
CNN —Donald Trump’s attorneys on Friday ridiculed special counsel Jack Smith’s gag order request in the former president’s classified documents case in Florida, calling it an unconstitutional attack on the 2024 Republican candidate and a ploy to help Joe Biden keep the presidency. “In Jack Smith’s most recent shocking display of overreach and disregard for the Constitution, the Special Counsel’s Office asks the Court to enter an unconstitutional gag order as one of the release conditions on the leading candidate in the 2024 presidential election,” Trump’s attorneys wrote in a new filing, repeating their previous arguments against gag orders. The former president was in New York at the time. Prosecutors’ original ask for a gag order was thrown out by Federal Judge Aileen Cannon, who determined that they had not fully conferred with Trump’s attorneys before filing the request. Trump’s false claims “invite” threats and harassment against law enforcement agents involved in the case, prosecutors wrote, similar to those “that have occurred when other participants in legal proceedings against Trump have been targeted by his invective.”
Persons: Donald Trump’s, Jack Smith’s, Joe Biden, , , Trump, Attorney Alvin Bragg, Smith, Trump’s, General Merrick Garland, Joe Biden’s, Aileen Cannon Organizations: CNN, Republican, Attorney, FBI, Prosecutors, Trump Locations: Florida, New York, Manhattan, Joe Biden’s Delaware
Elon Musk kicked off the Tesla (TSLA) annual meeting thanking shareholders on Thursday. I want to express a bullish view now that this issue is in the rearview mirror for Tesla. TSLA YTD mountain Tesla, YTD Tesla has been an emotionally charged stock as Elon continues to run several companies and be involved in several more. The $56 billion pay package first approved in 2018 being reneged on Musk raised doubts about his future with Tesla this year. DISCLOSURES: (Long Tesla and this call spread) THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY .
Persons: Elon Musk, TSLA, Elon Musk's, Tesla, Cathie, Musk Organizations: Elon Locations: Delaware, Texas
Budapest CNN —For most of the last century, the story of the Gresham Palace closely mirrored that of the city in which it was built. This summer, the building – one of the finest examples of Art Nouveau design in Budapest – is celebrating two decades in its most recent incarnation, as the Four Seasons Gresham Palace, a luxury hotel with panoramic views of the mighty Danube river. Four Seasons Gresham Palace“Gresham Palace and its coffee house were famous among artists and collectors,” says Laszlovszky. “The Gresham Palace has been born again in wonderful unity, serving as a crown jewel of outstanding beauty that complements our magnificent Chain Bridge.”‘Extraordinary history’The palace was once a hangout for Budapest's intellectuals. Four Seasons Gresham PalaceSince its reopening in 2004, the Four Seasons Hotel Gresham Palace has provided visitors with a well-appointed sanctuary, offering 179 rooms and suites with panoramic views of the Danube or the cityscape.
Persons: Gresham, , József Laszlovszky, – it’s, Zsigmond, Countess Irma Széchenyi, Thomas Gresham, József Vágó, Miksa Róth, , Pál, Béni, József, István Szőnyi, Gabor Kruppa, Miklós Szenkirályi, ” Szenkirályi, ” Thibaut Drege, what’s, Chef Árpád Győrffy, that’s Organizations: Budapest CNN, Gresham, Budapest –, Central European University, CNN, , Gresham Life Assurance Company, Nouveau, Venezia Café, Four, CNN Travel, Europeans, d’Or, Hollywood Locations: Budapest, Hungarian, Buda, Pest, Óbuda, “ Buda, Gresham, Vienna, Paris, d’Or Hungary
Calls of the Day: Shake Shack, General Motors and Netflix
  + stars: | 2024-06-13 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCalls of the Day: Shake Shack, General Motors and NetflixThe Investment Committee discuss the latest Calls Of The Day
Organizations: General Motors, Netflix
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple 'well positioned' to control AI ecosystem, says Slow Ventures' Sam LessinCNBC's Steve Kovach and Sam Lessin, general partner at Slow Ventures, join 'The Exchange' to discuss Apple's AI announcement, whether the company will be competitive in the AI race, and more.
Persons: Sam Lessin, Steve Kovach Organizations: Apple, Ventures, Slow Ventures
Read previewUkraine's latest claimed strike on Crimea is likely another example of how its older, Western-supplied missiles can foil even Russia's most advanced air-defense systems. Rybar, an influential Russian military blogger, said on Monday that Ukraine had attacked Crimea with at least 12 ATACMS missiles. AdvertisementThe S-400 is Russia's most advanced air defense system. Ukraine said none of its missiles were downed in the attack, while mocking Russia's descriptions of its own air defenses. "None of our missiles fired were intercepted by the enemy's 'highly effective' air defense," Ukraine's General Staff said.
Persons: , Rajan Menon, DIMITAR DILKOFF, Ian Williams, Fredrik Mertens, Maxim Shemetov, George Barros, Philip Karber Organizations: Service, Ukraine's, Staff, Business, Washington, for, Defense, Getty, US, UK Ministry of Defence, Russian Telegram, Missile Defense, Center for Strategic, International Studies, Storm, Hague, Strategic Studies, REUTERS, Institute for Locations: Crimea, Russian, Russia, Ukraine, AFP, France, Ukrainian, Moscow, Russian Kerch
New York CNN —President Joe Biden has nominated Christy Goldsmith Romero as chair of the Federal Deposit Insurance Corporation. Goldsmith Romero, a Democrat, served as special inspector general for the Troubled Asset Relief Program at the Treasury Department that was borne out of the Great Recession. As incoming head of the FDIC, she will largely be viewed as the figure responsible for fixing the longstanding problematic culture at the agency. An independent investigation commissioned by the FDIC released in early May confirmed the Wall Street Journal’s reporting from last year. Gruenberg’s exitUnder pressure from the top-ranking Democrat on the Senate Banking Committee, Sherrod Brown of Ohio, Gruenberg announced he would vacate the position once a new chair is confirmed.
Persons: Joe Biden, Christy Goldsmith Romero, Martin Gruenberg, Goldsmith Romero, Goldsmith Romero “, , , wrongdoers, Sherrod Brown of, Gruenberg, Travis Hill Organizations: New, New York CNN, Federal Deposit Insurance Corporation, Democrat, Troubled Asset, Treasury Department, FDIC, , Senate Banking, Republican Locations: New York, , Gruenberg’s, Sherrod Brown of Ohio
The head of OPEC said Thursday the world will need to invest in fossil fuels for decades to come in order to prevent an energy shortage, dismissing predictions that oil demand will peak in the near future. The OPEC chief called for "continued oil industry investment, today, tomorrow, and many decades into the future given the products derived from crude oil are essential for our daily lives." Oil supply capacity will rise to 114 million per day by 2030, 8 million barrels more than global demand, according to the IEA. Deutsche Bank and Citi, however, see OPEC coming under pressure in the coming years. Citi analysts see a substantial oil surplus in 2025 as production keeps growing in North America, Brazil and Guyana, while demand slows due to energy efficiency improvements and electric vehicle adoption.
Persons: Haitham Al Ghais, Al Ghais, Fatih Birol, OPEC's Al Ghais, Helima, Croft, I'm, Robert McNally, McNally, EVs, Michael Hsueh Organizations: OPEC, International Energy Agency, IEA, IEA ., RBC Capital Markets, Rapidan Energy, Deutsche Bank, Citi, Brent Locations: China, India, North America, Europe, Northeast Asia, Asia, U.S, OPEC, Brazil, Guyana
The White House will nominate markets regulator Christy Goldsmith Romero as Federal Deposit Insurance Corporation chair imminently as it targets the week of July 8 for her first hearing, a person with direct knowledge of the matter said on Wednesday. The White House will nominate markets regulator Christy Goldsmith Romero as Federal Deposit Insurance Corporation chair imminently as it targets the week of July 8 for her first hearing, a person with direct knowledge of the matter said on Wednesday. The White House declined comment. She had been lined up for the Treasury role before Gruenberg succumbed last month to political pressure to resign. Punchbowl News earlier on Wednesday reported that the White House would announce Romero's nomination on Thursday.
Persons: Christy Goldsmith Romero, Sherrod Brown, Joe, Goldsmith Romero, Martin Gruenberg, Kristin Johnson, Spokespeople, Brown, Johnson, Goldsmith Romero's, Gruenberg Organizations: Federal Deposit Insurance Corp, Federal Deposit Insurance Corporation, imminently, White House, Democratic, Banking, U.S, Commodity Futures Trading Commission, Treasury Department, Treasury, FDIC, Labor, Street, Punchbowl Locations: Washington , DC, Washington
The financial sector, along with other value-oriented sectors, is beginning to significantly underperform the major equity benchmarks over the last six weeks. We'll share a potential short candidate, close to breaking down through a key support level that could indicate much further downside to come. First, let's visualize the relative performance of the financial sector, along with three other value sectors that have all shown deterioration since April. In searching through the financial sector for an actionable chart to play potential downside, I discovered that Progressive Corp. (PGR) is showing all the signs of a bearish rotation. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.
Persons: PGR, I'm, David Keller Organizations: Progressive Corp, Progressive, PGR, CMT
Beyond Wonderland 2024 festival scheduleFive different ticket options are available for Beyond Wonderland at The Gorge. Resale tickets are generally comparable to or slightly cheaper than original tickets. Tickets to Beyond Wonderland at The Gorge 2024 are also available through verified ticket resale vendors like Vivid Seats and StubHub. Resale tickets for Saturday, June 22, begin at $142 on StubHub, with Vivid Seats offering similar prices starting at $164. Prices for two-day (Saturday and Sunday) original tickets for Beyond Wonderland at The Gorge 2024 jump up quite a bit from single-day passes.
Persons: We've, George, There's, Alex Bosi, Alison Wonderland, Cherry, Grayson Rose, Marten Horger, Max Styler, Miss Dre, Pauline Herr, AC Slater, Andy C, Dillon Francis, Dombresky, Gene Farris, Haylee Wood, Jessica Audiffred, Josh Butler, Sam Divine, Shiba, Sullivan King, Zedd Organizations: Business, Insomnia, Tea Party, George, Vivid, Sunday, Adventure, Lines, Discovery, Insomniac Records, Diesel, Shiba San B@B CID Locations: Southern California, West Coast, Southern, Northern California, Eastern Washington, WA, George, Hyperfunk
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