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☆ Movies to Sell Us on the American Dream - The New York Times
▼ + stars: | 2023-08-03 | by ( Pamela Paul | ) www.nytimes.com time to read: +1 min

If there’s anything more American than apple pie, it’s Coca-Cola, Levi’s and Harley-Davidson. No wonder so many of the latest movies tell the stories behind these beloved brands. The 1980s and ’90s, for one thing, which in these movies looks like a relative golden era. And in these movies, it was a time when the right nerd/ne’er-do-well/eccentric with the right combination of charm, chutzpah and ingenuity could make his or her dream come true. All you needed — or so we’d like to think — was the right story to sell.

Persons: Davidson, —, there’s “ Barbie Organizations: Mattel, Apple, Facebook Locations: Cheetos

☆ Ukraine war live updates: Kyiv faces overnight drone attack; imprisoned activist Navalny calls war 'stupid' and 'senseless'
▼ + stars: | 2023-08-02 | by ( Natasha Turak Ruxandra Iordache | Natasha Turak | Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

Ukraine's air defenses shot down 10 drones during an overnight attack on Kyiv from Russia, the country's military authorities said. Kyiv Mayor Vitaliy Klitschko said there were no casualties, while the southern Odesa region also faced a barrage of drone attacks. Ukraine's air defense forces say they took down a total of 23 drones across the Kyiv and Odesa regions. Navalny is currently serving a nine-year sentence and could face up to 20 more on charges that his supporters say are purely political. The Kremlin meanwhile may struggle to deal with more frequent attacks on its cities while continuing to refrain from fully mobilizing its population for war, the think tank Institute for the Study of War said in its daily report.

Persons: Vitaliy Klitschko, Alexei Navalny, Navalny Organizations: Kyiv Locations: Kyiv, Russia, Odesa, Russian, Ukraine

☆ After Ousting a Top Official, China Erases Him and Evades Questions
▼ + stars: | 2023-07-27 | by ( David Pierson | More About David Pierson | ) www.nytimes.com time to read: +1 min

China’s abrupt removal of Qin Gang as foreign minister did not stop the questions that had dogged Chinese officials in the month since he vanished from public view: Where is Mr. Qin? Representatives of the Foreign Ministry have struggled to respond when pressed by reporters, repeatedly saying that they had no information to provide. After China replaced him on Tuesday, nearly all references to Mr. Qin were scrubbed from the ministry’s website, an unusual erasure that has only deepened the intrigue. Mr. Xi, China’s most powerful leader since Mao Zedong, has concentrated power under himself and enforced secrecy in an already highly opaque system, no matter the cost to China’s international image. Mr. Xi has diminished the sway of the Foreign Ministry, analysts say, as he’s pursued an increasingly assertive, and some say risky, foreign policy.

Persons: Qin, Qin’s, Xi Jinping, Xi, Mao Zedong, he’s Organizations: Qin Gang, Foreign Ministry Locations: China

☆ 1 in 5 young people in China can't find a job – and that's a big problem for Xi Jinping
▼ + stars: | 2023-07-23 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

China's economy is facing perhaps its biggest challenges since a manufacturing boom sent its economy into overdrive in the last couple of decades. It's comparable to the economy young people in the US faced as they left college in the depth of the financial crisis in 2008/9. While things should get better if the economy rebounds, there's a more existential issue facing China's young people. Yet economic instability among China's young threatens to give him an unwanted headache nonetheless. There are wider existential issues facing young employees the world over, with the AI boom forcing many to completely reassess their skillset and career aspirations.

Persons: Xi Jinping, David Dollar, disenfranchisement, Xi Organizations: Service, Privacy, Reuters, Brookings Institute Locations: China, Wall, Silicon

☆ Sabalenka looks to toughen up mentally after Jabeur defeat
▼ + stars: | 2023-07-13 | by ( ) www.reuters.com time to read: +2 min

I just lost it a little bit in the second set, and it's just gone. Having had the match by the scruff of the neck in the second set, the Belarusian said it had an emotional impact on her when Jabeur eased her grip on the contest. "I think in these key moments, I didn't play the way I was supposed to play. She was just going for some crazy shots, which I would say normally she wouldn't put it in. I didn't serve my best today.

Persons: Sabalenka, Czech Marketa Vondrousova, it's, Roland Garros, Jabeur, didn't, Toby Davis, Ken Ferris Organizations: Wimbledon, Tunisian, Czech, Thomson Locations: Belarusian, Sabalenka, Jabeur

☆ Sleep Better at Every Age
▼ + stars: | 2023-07-07 | by ( Dani Blum | ) www.nytimes.com time to read: +47 min

Sleep training, the process of teaching babies how to soothe themselves at night and sleep independently, can start when infants are 3 to 4 months old. While sleep training can be taxing for everyone involved, it can lead to better sleep for the whole household. If your child is struggling to sleep through the night at this age, consider talking to a pediatrician about possible solutions. The problem: Insomnia can strike at any age: Around 20 percent of children have difficulty falling or staying asleep. Plus, the older we get, the harder it is to bounce back from a night of poor sleep, Dr. Roth said.

Persons: ”, Craig Canapari, Canapari, Naptime, Tell, “, aren’t, Roth, Dr, Shannon Sullivan, Sullivan, Indira Gurubhagavatula, we’re, Gurubhagavatula, You’re, doesn’t, you’re, Sabra Abbott, Aric Prather, It’s, you’ll, Perimenopause, Abbott, Prather, don’t, — Organizations: Yale University ., Stanford Medicine, Yale University, Penn Medicine, Feinberg School of Medicine, Northwestern University, University of California Locations: San Francisco, midlife, United States

☆ China scrambles to show it can support the plunging yuan as the currency falls toward a 14-year low
▼ + stars: | 2023-07-06 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

The yuan has plunged against the dollar in 2023 with China's economic revival floundering. Beijing is battling to show it can support the currency as it falls toward a 14-year low. China’s central bank fixed the renminbi at a stronger level Thursday after a state-backed newspaper said it had the tools to shield it from panic selling. China's central bank and a state-backed newspaper both sought to support the currency this week amid signs that the country's post-COVID economic revival has started to sputter. The central bank then said on Thursday that it would fix the renminbi at a stronger-than-expected level of just under 7.21 yuan per dollar.

Persons: — Organizations: Service, Privacy, Beijing, People's Bank of China Locations: Beijing

☆ Applied Digital shares tumble after Wolfpack Research takes short position
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +1 min

July 6 (Reuters) - Shares of Applied Digital (APLD.O) slumped on Thursday after Wolfpack Research disclosed a short position in the digital infrastructure company and accused it of "an embarrassing and predictable stock promotion." Insiders at B Riley hold a 48.4% stake in Applied Digital and will exit their position as it becomes clear that the company's claims "make no sense," Wolfpack alleged. The short-seller said Stability AI, Applied Digital's biggest prospective AI customer, was also "dubious." Applied Digital, Stability AI and B Riley did not immediately respond to Reuters' requests seeking comment. Dallas, Texas-based Applied Digital is the latest target in a series of short-seller attacks that have shaken corporate America this year.

Persons: Riley, Carl Icahn's, Pritam Biswas, Maju Samuel Organizations: Applied Digital, Wolfpack Research, Wolfpack, Reuters, Riley, Applied, Hindenburg Research, Icahn Enterprises, Thomson Locations: Dallas , Texas, America, Bengaluru

Putin used his moment to speak at the one-day summit to give his answer to that question. That event stretched over two in-person days in Samarkand, Uzbekistan and featured a number of sideline meetings between attending leaders. India announced last month that its leaders’ summit would be held virtually, without specifying why. At last year’s SCO summit, Modi told Putin in “today’s era is not an era of war.”And India has its own friction with neighboring China. In May, Pakistani Foreign Minister Bilawal Bhutto Zardari became the most senior-level official to visit India in seven years, when he joined a SCO foreign ministers meeting.

Persons: Hong Kong CNN — Vladimir Putin, Narendra Modi, Putin, Wagner, ”, ” Putin, China’s Xi, Belarus ’ Alexander Lukashenko, Iran’s Ebrahim Raisi, ” Modi, Modi, Joe Biden, Xi, ” Xi, Biden, “, Bilawal Bhutto Zardari, Yevgeny Prigozhin Organizations: Hong Kong CNN, Shanghai Cooperation Organization, SCO, Indian, India, China’s Foreign Ministry, India’s Ministry, External, CNN, Pakistani, Belarus Locations: Hong Kong, Moscow, Russian, Ukraine, Belarus, Russia, spreadheaded, China, India, Pakistan, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, Eurasia, Tuesday’s, Iran, Beijing, Samarkand, New Delhi, Pacific, ”

☆ Startup studio Fractal created 130 companies in 3 years. Founders say the deal structure has led VCs to 'blacklist' them.
▼ + stars: | 2023-06-29 | by ( Melia Russell | Stephanie Palazzolo | ) www.businessinsider.com time to read: +19 min

www.fractalsoftware.comOf the dozens of Fractal startups that have raised a seed round of funding, about half had Bienville Capital lead the deal, according to people familiar with the matter. Others say they knew what they were getting into with a venture studio, where a large ownership position is standard. Brendan Smialowski/AFP via Getty ImagesThe biggest draw for some Fractal founders was its plug-and-play approach. The founder of one Fractal startup remembered a time when his company was struggling to grow its customer base. That firm is raising a new $325 million fund to provide additional funding to Fractal companies exclusively, according to a person familiar with the effort.

Persons: Fractal's, he'd, they'd, Andreessen Horowitz, Mike Furlong, Nate Baker, Bienville, —, Brendan Smialowski, Founders, Angela Lee, Furlong, Baker, Ezra Shaw, who'd, who's, It's, Lee, She's, 8VC, Bain, Jeff Greenberg, Omri Bloch, who've, didn't, Stephanie Palazzolo, Melia Russell Organizations: Flatiron Health, Bienville, Insight Partners, Bienville Capital, Getty, Columbia Business School, Alpha, Midwest, Science, Olympic Club, Tiger Global, Craft Ventures, Founders, Vertical Venture Partners, Zag, Crew Capital, Bain Capital, Universal, Foundation, Fifth Locations: Bienville Capital, New York, Bienville, Indio, AFP, Santa Monica , California, Miami, San Francisco, GreenSpark, Columbia, Barti, Aktos, Bessemer, 8VC

☆ Shares in Japan's JSR untraded on surprise possible buyout
▼ + stars: | 2023-06-26 | by ( Sam Nussey | ) www.reuters.com time to read: +2 min

JSR's market capitalisation was 677 billion yen ($4.71 billion) at Friday's market close. JIC would spend about 1 trillion yen on the acquisition, the Nikkei newspaper reported, injecting 500 billion yen into a new company to make the purchase and borrowing 400 billion yen from Mizuho Bank. JSR is a top supplier of photoresists, which are light-sensitive chemicals used to print patterns on wafers, to global chipmakers. JSR, which was set up in 1957 as a government-backed producer of synthetic rubber, reported a 20% jump in sales to 408.9 billion yen in the year ended March, while operating profit declined 33% to 29.4 billion yen. Shares in JSR, which unusually for a Japanese company has a foreign-born CEO, have gained 25% year-to-date.

Persons: JIC, Travis Lundy, Sam Nussey, Jamie Freed Organizations: JSR, Japan Investment Corp, Nikkei, Mizuho Bank, JIC, Quiddity Advisors, Thomson Locations: TOKYO, China, United States, Japan, Tokyo

☆ MLB roundup: Reds sweep Rockies, win 11th straight
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: +10 min

They were swept in the three-game series at Cincinnati. Alcantara (2-6), the reigning National League Cy Young Award winner, allowed 10 hits and five runs in seven innings. Cubs 8, Pirates 3Nico Hoerner homered and hit a two-run triple as visiting Chicago completed a three-game series sweep of Pittsburgh. The Diamondbacks secured a victory in the three-game series with their fourth win in six games. Kansas City starter Brady Singer (4-7) gave up five runs and seven hits in seven innings.

Persons: Will Benson, Jake Fraley, TJ Friedl, David Kohl, Luke Maile, Andrew Abbott, Ian Gibaut, Buck Farmer, Daniel Bard, Fraley's, Elly De La, Randy Arozarena, Isaac Paredes, Taj Bradley, Bradley, Baltimore's Ramon Urias, Gunnar Henderson, Ryan O'Hearn, Tyler Wells, Ezequiel Duran, Jonah Heim, Martin Perez, Perez, Josh Sborz, Will Smith, Michael Kopech, Touki Toussaint, Sandy Alcantara, George Springer, Matt Chapman, Kevin Gausman, Alcantara, National League Cy Young, Miami's Luis Arraez, Nico Hoerner, Ian Happ, Nick Madrigal, Kyle Hendricks, Josh Palacios, Rich Hill, Zac Gallen, Emmanuel Rivera, Alek Thomas, Julio Teheran, Zack Short, Eric Haase, Javier Baez, Matthew Boyd, Brady Singer, Freddy Fermin, Trevor Williams, Louis, Mason Thompson, Kyle Finnegan, Hunter Harvey, Williams, Miles Mikolas, CJ Abrams, Luis Garcia, Alex Bregman, Yainer Diaz, Chas McCormick, Corey Julks, Daniel Vogelbach, Pete Alonso, Jhonny Brito, Jake Bauers, Billy McKinney, Luis Castillo, Aaron Judge, Anthony Volpe, Brito, Castillo, Josh Naylor, Jose Ramirez, Steven Kwan, Gavin Williams, Ryan Noda, Esteury Ruiz, Paul Blackburn, Kyle Farmer, Max Kepler, Jovani Moran, Justin Turner, Freddie Freeman, Miguel Vargas, Aaron Loup, Brusdar Graterol, Victor Gonzalez, Yency Almonte, Evan Phillips, Joc Pederson, Mike Yastrzemski, Davis, Ryan Walker, Sean Hjelle, Yu Darvish, Walker Organizations: Cincinnati Reds, Reds, Colorado Rockies, floundering Colorado Rockies, Rockies, Cincinnati, The Reds, Rays, Orioles, Tampa, Baltimore, Rangers, White Sox, Chicago, Blue Jays, Marlins, Toronto, Miami, National League, Cubs, Pirates, Pittsburgh, Diamondbacks, Brewers, Arizona, Milwaukee, The Diamondbacks, Tigers, Royals, Detroit, Kansas City, Nationals, Cardinals, Washington, St, Astros, Mets, Houston, Yankees, Mariners, New York, Seattle, Athletics, Oakland, Guardians, Cleveland, Red Sox, Boston, The Twins, Ort, Minnesota, Dodgers, Angels, Seven Dodgers, Giants, Padres, San Diego Padres, Thomson Locations: Cincinnati , Ohio, USA, Elly De La Cruz, St . Petersburg, Fla, Arozarena, Texas, Pittsburgh, Arizona, Washington, San Francisco, Kansas City, New, Cleveland, Minnesota, Minneapolis, Anaheim , Calif, Ohtani

☆ 10 Things in Tech: Google tells employees not to give AI chatbots confidential information, the rise of the ‘anti-work girlboss,’ and 31 rising stars of Los Angeles investing
▼ + stars: | 2023-06-20 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

Mark Zuckerberg at Facebook's first ever Meta Store Facebook/Meta1. The first "Meta Store" opened last year in Northern California and was designed to increase interest in Meta's VR headsets. Although a second store was in the works, someone familiar with the matter said that those plans faltered after slowed revenue. Google tells employees not to put confidential info into AI chatbots — including its own Bard. Reddit CEO Steve Huffman said subreddit mods have too much power.

Persons: I'm, Siu, Zers, haven't, Jordan Hart, Mark Zuckerberg, Facebook's, Martin Gilliard, hasn't, Kali Hays, chatbots, Steve Huffman, Mudassir Sheikha, Ron DeSantis, Thiep Van Nguyen, Lionel Richie, Diamond Naga Siu, Alistair Barr, Hallam Bullock Organizations: Meta, VR, Big Tech, Google, Tech, Tesla, Gov, Puget Sound Naval Shipyard, Navy, Hewlett Packard Enterprise, VMWare, Dallas Cowboys, Mitsubishi Locations: Sacramento, Northern California, Angeles, Florida, Connecticut, USS Connecticut, Dublin, Ireland, Melbourne, Australia, Las Vegas, San Diego, San Francisco, London

☆ Disney has a math problem as it strives to compete with Netflix, Wall Street analysts warn. Here's why Bob Iger is destined to make a $9 billion bet on Hulu anyway.
▼ + stars: | 2023-06-16 | by ( James Faris | ) www.businessinsider.com time to read: +11 min

Disney CEO Bob Iger must decide whether to acquire all of Hulu and fold it into Disney+. By buying all of Hulu, Disney could integrate its content into Disney+, which would make the flagship Disney streamer a formidable challenger to Netflix. "You look at the Disney+ bundle with Disney+, Hulu, and ESPN+, and it's a pretty powerful combination," Nispel told Insider. Currently, the ad versions of Hulu and Disney+ each cost $8 per month while ad-free Hulu and Disney+ cost $15 and $11, respectively. The consensus among analysts about Disney's Hulu dilemma was neatly summarized by Barton Crockett of Rosenblatt Securities, whose price target implies 26% upside for Disney.

Persons: Bob Iger, Iger, that's, Joe Bonner, Brandon Nispel, Nispel, Disney's, Wells, Steven Cahall, Cahall, Hulu, Michael Morris, He's, Morris, Disney, Will Iger, Barton Crockett, Crockett Organizations: Disney, Hulu, Comcast, Netflix, Wall, Argus Research, KeyBanc, ESPN, TAM, Rosenblatt Securities Locations: Hulu

☆ Tunisians Mourn a Hard-Fought Freedom Rapidly Slipping Away
▼ + stars: | 2023-06-16 | by ( Vivian Yee | ) www.nytimes.com time to read: +1 min

Mosaïque FM, Tunisia’s most popular radio station, comes to life each morning around 5:30 a.m. with the martial strains of the national anthem. The show’s host, Hajer Tlili, says she specializes in catching politicians out in their inconsistencies and hypocrisies. But lately, it has been Ms. Tlili who has had to consider what she says. One of its reporters has been sentenced to five years in prison; two more have been interrogated over criticizing the government. “Every day I’ve thought, ‘I could be next,’” said Ms. Tlili, 36.

Persons: Hajer Tlili, Tlili, ‘, ’ ”, I’ve, ” Locations: “

Retail sales - a key gauge of consumer confidence - rose 12.7%, missing forecasts of 13.6% growth and slowing from April's 18.4%. Data ranging from factory surveys and trade to loan growth and home sales have shown signs of weakness for the world's second-biggest economy. China's stock markets rose after the rates cut, with the benchmark CSI 300 gaining 0.6% in early trade, while Hong Kong's Hang Seng Index climbed 1.2%. The sector is expected to grapple with "persistent weakness" for years, dragging on economic growth, Goldman Sachs analysts said this week. The country's biggest banks recently cut their deposit rates to ease pressure on profit margins and encourage savers to spend more.

Persons: China's, Zhiwei Zhang, Bruce Pang, Jones Lang LaSalle, Pang, Hong, Julian Evans, Pritchard, Yi, Goldman Sachs, Albee Zhang, Sam Holmes Organizations: National Bureau of Statistics, Jones, CSI, Capital Economics, Investment, Thomson Locations: BEIJING, Beijing, China, outflows

☆ Here’s our Monthly Meeting rapid-fire update on all 35 stocks in the Club’s portfolio
▼ + stars: | 2023-06-14 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +14 min

Here's a rapid-fire update on all 35 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. In fact, he named Disney as the best Club stock to gift to a young grandchild. CEO Jim Farley's focus on only making profitable cars and trucks will be put to the test in the current quarter. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer's, Jim, Apple's, there's, Bausch, Estee Lauder, Fabrizio Freda, Berenberg, he's, Jim Farley's, Ford, Locker, Foot Locker's, Mary Dillon's, Patience, we're, Vimal Kapur, Johnson, J, Eli Lilly, Eli Lilly's, Mark Zuckerberg, Morgan Stanley, We're, James Gorman, enabler, aren't, Scott Sheffield, Coterra, PXD, Jim said, Stanley Black, Decker, TJ Maxx, Wells Fargo, Charlie Scharf's, Scharf, Wells, Wynn, Jim Cramer, Jim Cramer Rob Kim Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Devices, AMD, Nvidia, Amazon Web Services, Bausch Health, Caterpillar, Costco Wholesale, Costco, Humana, Coterra Energy, Disney, Emerson, Emerson Electric, National Instruments, Ford, Management, GE Healthcare, Halliburton, HAL, Honeywell, Johnson, Linde, LIN, Meta, underwriters, Cava, Microsoft, Palo Alto Networks, Natural Resources, Procter & Gamble, Constellation Brands, Modelo Especial, U.S, TJX, Marshalls, Home Goods, Wynn Resorts, WYNN, Starbucks, Las, Jim Cramer's Charitable Locations: Asia, China, California, Mounjaro, Palo, Wells, Las Vegas, Macao

☆ US stocks are in the firing line if China’s economy stalls further
▼ + stars: | 2023-06-08 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Recent data shows that China is also contending with worse-than-expected consumer spending, slowing manufacturing and weak home sales. What it means for markets: US-based companies doing business in China stand to lose if the economy continues on a downward trajectory. Qualcomm (QCOM), with a 67% exposure rate to China, issued disappointing forward guidance during earnings last month, citing China’s slow recovery. JD.com (JD), one of the largest Chinese companies trading in the United States, has fallen by nearly 36% this year. The air purifier market is poised to grow as climate change increases air pollution and exacerbates breathing difficulties.

Persons: That’s, China —, Capvision, China Nicholas Burns, ”, Goldman Sachs, Dow, JD.com, Morgan Stanley, Goldman, Ayaz Ebrahim, CARR, Johnson, Ivan Menezes, Diageo, Menezes ’, Menezes, King Charles III, Debra Crew, Johnnie Walker, Ivan, Javier Ferrán, “ Ivan Organizations: CNN Business, Bell, New York CNN, International Monetary Fund, Factories, Bain, Group, Micron Technology, Nasdaq, Apple, Intel, Starbucks, Nike, Bank of America, Las, Qualcomm, Nvidia, Wynn Resorts, WYNN, MGM Resorts, MGM, China . Companies, Dragon, Goldman Sachs Group, Nomura, Barclays, JPMorgan, Asia Pacific, Bloomberg, Google, Carrier Global, Johnson Controls, Economic Co, Diageo, India, Business, ”, Whisky Association, Northwestern University’s Kellogg School of Management Locations: New York, China, Washington, Beijing, United States, Hong Kong, Dragon China, Canada, Pune, India

I should've known better than to travel during the holidays, and I paid the cost for doing it anyway. I let my travel partner plan the trip, and a delayed flight meant that all his plans went awry. The trip cost me thousands of dollars and put me off international travel. My ill-fated trip to Morocco in 2019 put the final nail in the coffin of my romantic relationship and a nasty dent in my finances. The impossibly brisk pace of the trip and the time difference meant that our cancelled flight resulted in thousands of dollars lost on cancelled hotels, tours, and transportation.

Persons: —, I'd, Mercedes, we'd Organizations: Service Locations: Morocco, Montreal, Old, Toronto

☆ Erdogan seeks new term in Turkey runoff election
▼ + stars: | 2023-05-28 | by ( Tamara Qiblawi | ) edition.cnn.com time to read: +4 min

CNN —Polls have opened in Turkey’s presidential runoff as President Recep Tayyip Erdogan fights for a historic third term on Sunday. Erdogan is going head-to-head with opposition leader Kemal Kilicdaroglu, a 74-year-old bureaucrat and leader of the left-leaning CHP. In the first round of voting on May 14, Erdogan secured a nearly five-point lead over Kilicdaroglu but fell short of the 50% threshold needed to win. Turkish President Tayyip Erdogan speaks at the AK Party headquarters in Ankara, Turkey May 15, 2023. Umit Bektas/ReutersSix opposition groups had formed an unprecedented unified bloc behind Kilicdaroglu to try to wrest power from Erdogan.

☆ Mark Zuckerberg's fortune has surged this year – and nobody on the rich list comes close to his $44 billion gain
▼ + stars: | 2023-05-22 | by ( Zinya Salfiti | ) www.businessinsider.com time to read: +2 min

It's due to Meta's soaring stock, among the top performing in the S&P 500 this year. Mark Zuckerberg has seen his fortune surge this year – and nobody on Bloomberg's rich list comes close to his $44 billion gain so far in 2023. With his net worth currently at $89.9 billion, Zuckerberg is the 12th wealthiest person on the planet, per the rich list. The tech giant's stock has almost doubled since January, making it among the top performers on the S&P 500. That comes after a dismal 2022 for Meta, when it was one of the worst-performing stocks in the S&P 500.

☆ Biden bets DeSantis’ ‘Florida blueprint’ will help him flip the Sunshine State and win reelection
▼ + stars: | 2023-05-21 | by ( Edward-Isaac Dovere | ) edition.cnn.com time to read: +15 min

Shevrin Jones, a Florida state senator and member of the Biden campaign’s advisory board of elected officials, said he’s eager to tell the country the story of what he’s seen under DeSantis’ leadership. Biden and DeSantis and their wives walk to meet with local residents affected by Hurricane Ian in Fort Myers, Florida, on October 5, 2022. The voter registration advantage Florida Democrats had when President Barack Obama narrowly won the state in 2012 has flipped to Republicans. An adviser to the former New York City mayor told CNN that so far, there has been no outreach to Bloomberg’s operation from either the Biden campaign or the DNC. There was also a fleeting belief that they could push Biden over the top in Florida – though Trump ended up carrying the state by 3 points.

☆ The funniest joke suggestions for Elon Musk's Twitter CEO successor, from Elizabeth Holmes to Meghan Markle
▼ + stars: | 2023-05-12 | by ( Pete Syme | ) www.businessinsider.com time to read: +5 min

Elon Musk announced Thursday he would be handing over the Twitter CEO role to a woman. But Twitter users have been having fun suggesting several joke candidates. Months after Twitter users voted for Elon Musk to step down as the company's CEO, the billionaire announced Thursday that he'd found someone to takeover the position. Musk tweeted. The Wall Street Journal also reported that Yaccarino is in talks to take over as Twitter CEO.

☆ Wagner chief said his troops are no longer withdrawing from Bakhmut after being promised as many artillery shells as they need
▼ + stars: | 2023-05-07 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

The leader of the Wagner fighters said they would not retreat from Bakhmut after being promised ammo. Wagner Group fighters have played a key role in bloody fighting in the city of Bakhmut in eastern Ukraine for months. Concord Press Service/via REUTERSThe outspoken Prigozhin and Russia's military leaders have been feuding for months. Recent leaked Pentagon documents shared by National Guard airman Jack Teixeira revealed analysis suggesting Russia's military leadership has struggled to deal with Prigozhin. The Wagner Group had become a major power player in the war, scoring some publicized wins in Ukraine when Russia's invasion was floundering.

☆ 'Recession is a done deal': A renowned market bear who called the dot-com bubble warns a deep and long downturn will destroy corporate profit margins — setting stocks up for disaster
▼ + stars: | 2023-05-06 | by ( William Edwards | ) www.businessinsider.com time to read: +7 min

But as data continues to come out in the months ahead, Edwards says to pay attention to details beneath the headline numbers. Sure enough, revisions to February and March numbers reported on Friday paint a picture of a weakening labor market. "I think the recession will lead to a collapse in margins and profits and do a lot of damage." In terms of his view on the labor market, Edwards has company in Ian Shepherdson, the chief economist at Pantheon Macroeconomics. But bulls do remain, and they're betting on a scenario where inflation continues to come down — it hit 5% in March, down from its 9.1% peak last year — and the labor market remains intact.

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