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☆ Paytm was once India’s hottest startup. Its shares have crashed 36% in two days
▼ + stars: | 2024-02-02 | by ( Diksha Madhok | ) edition.cnn.com time to read: +3 min

Shares of the hugely popular digital payments company have crashed by the daily maximum allowed in Mumbai for two days in a row, even though India’s stock markets have been touching new all-time highs. It also landed in hot water with regulators — two years ago, the central bank barred its banking arm from signing up new customers. Paytm stock is now trading at just 487 rupees (around $6) a share. The latest plunge came after India’s central bank cracked down further on its business. Paytm launched its payments bank in 2017 as a joint venture with founder Vijay Shekhar Sharma.

Persons: New Delhi CNN — Paytm, Paytm, ”, Manish Chowdhury, Vijay Shekhar Sharma, Sharma, Narendra Modi, ” Sharma Organizations: New, New Delhi CNN, Paytm Payments Bank, Indian, CNN Locations: New Delhi, Mumbai, India

TOKYO (AP) — Asian shares mostly rose Friday, helped by optimism about technology shares following a Wall Street rally led by big tech stocks. On Wall Street, U.S. stocks bounced back in a widespread rally following their worst day since September. Such data could give the Federal Reserve more of the evidence it wants of a slowdown in inflation before it will deliver the cuts to interest rates that investors crave. Traders are increasingly betting the Federal Reserve will begin cutting interest rates in May, after pushing back expectations from March. High interest rates intentionally slow the economy, and they undercut prices for investments.

Persons: Australia's, Korea's Kospi, Merck, Etsy Organizations: TOKYO, Nikkei, Dow Jones, Nasdaq, Microsoft, Big Tech, Apple, Meta, Facebook, Federal, crave, Elliott Investment Management, , New York Community Bancorp, Valley Bank, Signature Bank, New York Community Bancorp, Institute for Supply Management, Traders, Federal Reserve, Fed, New York Mercantile Exchange, Brent, U.S . Locations: Shanghai, U.S, ,

☆ Congress hasn’t been able to make social media safer. Here’s why
▼ + stars: | 2024-02-01 | by ( Brian Fung | ) edition.cnn.com time to read: +8 min

This has been true since the early 2010s, when tech companies began realizing the benefits of influencing policymakers on issues including net neutrality and privacy. This week, Microsoft announced its support for the Kids Online Safety Act, a leading social media bill. Even when lawmakers can agree on what the problem is, they often disagree on how to solve it, creating a smorgasbord of half a dozen or more social media bills floating around Congress. That would be a huge down payment on a future social media law, said Balkam. But even that proposal is still subject to many of the same dynamics that make social media regulation hard.

Persons: Washington CNN —, ”, Danny Weiss, Ben Thompson, Adam Kovacevich, “ That’s, hasn’t, Republican stonewalling, Weiss, Kovacevich, ” Kovacevich, I’m, ” Weiss, Chuck Schumer, Mike Johnson, Schumer, Nancy Pelosi’s, “, Johnson didn’t, Evan Greer Organizations: Washington CNN, Big Tech, Tech, Sense, Microsoft, Kids, LinkedIn, of, Republican, CNN Locations: Washington, United States

☆ Rehan Zeb Khan: Pakistan election candidate killed ahead of general election
▼ + stars: | 2024-02-01 | by ( Sophia Saifi | ) edition.cnn.com time to read: +3 min

Islamabad, Pakistan CNN —A Pakistan election candidate was shot dead while campaigning on Wednesday, as violence escalates a week before polls open. Rehan Zeb Khan, an independent candidate affiliated with former Prime Minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party, was shot in a “targeted killing” when gunmen opened fire on his car in a market in Bajaur, Khyber Pakhtunkhwa province, according to district police. In response to the violence, Pakistan’s Election Commission (ECP) summoned an emergency meeting of security officials on Thursday to discuss the “deteriorating” law and order situation in the two provinces, according to a statement from the commission. On Wednesday, Pakistan’s military also met for an annual conference where they discussed the possible deployment of the country’s army to assist the election commission during the general election next week, according to a government statement. The election commission has declared February 8, the day of the election, a public holiday for the country’s 240 million people.

Persons: Rehan Zeb Khan, Imran Khan’s, ”, Malik Kaleem Ullah, Home and Tribal Affairs Balochistan Zubair Jamali, “, Khan Organizations: Pakistan CNN —, Khyber Pakhtunkhwa Provincial Assembly, Reuters, Pakistan’s People’s Party, Pakistan Muslim League, Home and Tribal Affairs Balochistan, Baloch Liberation Army, PTI Locations: Islamabad, Pakistan, Imran Khan’s Pakistan, Bajaur, Khyber Pakhtunkhwa, State Khorasan, Balochistan, Home and Tribal Affairs Balochistan Zubair, Sibi

☆ China executes couple for murder of toddlers that shocked the nation
▼ + stars: | 2024-02-01 | by ( Nectar Gan | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —China has executed a couple for throwing two toddlers out of a high-rise apartment window, in a case that provoked nationwide outrage. Ye saw Zhang’s two children as an “obstacle” to them getting married and a “burden on their future life together,” the court heard. She repeatedly urged Zhang to kill the toddlers and threatened to break up with him if he didn’t. His study shows that Chinese people who express political views online tend to show greater support for the death penalty. Wednesday’s execution also brought into focus the main method used in China to carry out the death penalty: lethal injection.

Persons: Zhang Bo, Ye Chengchen, Ye, Zhang, “, ”, John Zhuang Liu, It’s, Kenneth Smith Organizations: Hong Kong CNN, Xinhua, Weibo, University of Hong Kong, CNN, Amnesty Locations: Hong Kong, China, Chongqing, Weibo, Alabama

☆ Caitlin Clark: Iowa superstar tallies 35 points to move up to second all-time on NCAA scoring leaderboard
▼ + stars: | 2024-02-01 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +3 min

CNN —College basketball superstar Caitlin Clark continues to make history with each passing game. The reigning consensus National Player of the Year moved up to second place on the all-time NCAA Division I women’s basketball scoring leaderboard on Wednesday night, as her Iowa Hawkeyes eased past the Northwestern Wildcats, 110-74. In yet another dominant performance, Clark racked up 35 points to bring her career total to 3,424, only 103 short of the all-time record held by Kelsey Plum. It was also her 50th career game with at least 30 points, the most in men’s or women’s college basketball over the last 25 seasons. Sophomore forward Hannah Stuelke added 17 points and nine rebounds for Iowa, while guard Kate Martin had 16.

Persons: Caitlin Clark, Clark, Brittney Griner, Jackie Stiles, Kelsey Mitchell, Kelsey Plum, I’ve, ” Clark, Lisa, Ben Hsu, Hannah Stuelke, Kate Martin, Melannie Daley, ”, Lisa Bluder, “ Caitlin Organizations: CNN — College, Iowa Hawkeyes, Northwestern Wildcats, Missouri, Ohio State, ESPN, Iowa, Hawkeyes, Indiana Fever, Northwestern, Big, LSU Tigers Locations: men’s, Iowa

SAN FRANCISCO (AP) — Philadelphia 76ers center Joel Embiid is undergoing an MRI after the reigning MVP hurt his left leg Tuesday in a 119-107 loss to the Golden State Warriors. Embiid scored 14 points in that game before limping to the locker room with 4:04 remaining after Golden State’s Jonathan Kuminga fell on the 7-footer’s left leg. He is the NBA’s leading scorer with 35.3 points per game and also is averaging 11.3 rebounds and 5.7 assists. He had a franchise-record 70 points to go along with 18 rebounds on Jan. 22 in a 133-124 victory over the San Antonio Spurs. The 76ers next play Thursday at Utah to cap a five-game trip in which they have gone 0-4.

Persons: Joel Embiid, Embiid, Golden, Jonathan Kuminga, footer’s, Nikola Jokic —, Nick Nurse, “ They’re, what’s, ” Embiid, ___ Organizations: FRANCISCO, — Philadelphia 76ers, Golden State Warriors, Saturday, Denver, ” 76ers, NBA, San Antonio Spurs, 76ers Locations: Portland, Utah

Islamabad, Pakistan CNN —Pakistan’s incarcerated former Prime Minister Imran Khan has been sentenced to 14 years in prison for corruption, his Pakistan Tehreef-e-Insaaf (PTI) party said Wednesday, in the second legal blow to beset the beleaguered politician this week. Khan, who has been jailed since August on several charges, has also been barred from holding office for 10 years, the PTI said. Bibi was taken into police custody shortly after the sentencing, the party added. Wednesday’s sentencing comes almost one week away from a general election expected on February 8 and just a day after Khan was handed a 10-year sentence for leaking state secrets. That moment set the stage for a months-long showdown between Khan and the powerful military, who he accused of orchestrating his removal.

Persons: Pakistan CNN — Pakistan’s, Imran Khan, Khan, Bushra Bibi, Bibi, ” Khan Organizations: Pakistan CNN, National, Bureau, PTI Locations: Islamabad, Pakistan

☆ Trump meets with Teamsters as he looks to peel off union voters from Biden
▼ + stars: | 2024-01-31 | by ( Gregory Krieg | Kristen Holmes | ) edition.cnn.com time to read: +7 min

Story highlights Trump is looking to attract union members, who have traditionally voted Democratic. CNN —Former President Donald Trump Wednesday met with Teamsters union leaders and members in Washington as his campaign tries to drive a wedge between President Joe Biden and one of his most loyal constituencies: organized labor. The Teamsters have twice endorsed against Trump, backing Hillary Clinton in 2016 and Biden four years later. “We’re not ceding any territory, any group, any demographic to Joe Biden,” one senior Trump adviser said of the campaign’s outreach to working class voters. The group said Biden had been invited to its headquarters on the same day as Trump.

Persons: Trump, Biden, Donald Trump, Joe Biden, Sean O’Brien, ”, John Palmer, “, ” Trump, Nikki Haley’s, ” Haley, Olivia Perez, Cubas, –, Robert F, Kennedy Jr, Cornel West, Asa Hutchinson, Marianne Williamson, Dean Phillips, ” O’Brien, Shawn Fain, Sean O'Brien, Sara Nelson, Elizabeth Frantz, Reuters O’Brien, Sen, Markwayne Mullin, O’Brien, Mullin, Vermont Sen, Bernie Sanders, Hillary Clinton, “ We’re, Fain, Cole Scandaglia, ” Fain, ” Biden, Kara Deniz, CNN’s Arlette Saenz, MJ Lee Organizations: Democratic, Teamsters, United Auto Workers, CNN, Biden, Trump, United States Army Veteran, Republican, ” Former South Carolina Gov, GOP, UPS, Arkansas Gov, Teamsters Union, UAW, Capitol, Reuters, Oklahoma Republican, Drake Enterprises, Ford, General Motors, National Labor Relations Board, Department of Transportation, Auto Workers, Automobile Manufacturing Industry Locations: Washington, Michigan , Wisconsin, Pennsylvania, Lago, United States, Arkansas, Minnesota, Washington ,, Oklahoma, Vermont, Detroit, Michigan

☆ Taylor Swift’s boyfriend Travis Kelce ‘unfortunately’ won’t be able to attend the Grammys with her
▼ + stars: | 2024-01-31 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +2 min

CNN —It looks like Taylor Swift will have a “blank space” to fill as far as who may accompany her to this Sunday’s Grammy Awards, because boyfriend Travis Kelce won’t be able to make it. She’s previously won the category three times and is currently tied with Frank Sinatra, Stevie Wonder and Paul Simon. Whether it was the NFL star jetting to Argentina to watch Swift perform an “Eras Tour” concert, or all 12 times Swift attended his football games, the couple have continued to show up for each other. “We’re two people in a relationship supporting each other and having fun with it, it’s nothing more than that,” Kelce said on Wednesday’s episode. It’s been nothing but a wonderful year.”The Grammys will be held in Los Angeles on Sunday and will be hosted by Trevor Noah.

Persons: Taylor Swift, Travis Kelce won’t, “, Taylor, ” Kelce, Pat McAfee, ”, Swift, She’s, Frank Sinatra, Stevie Wonder, Paul Simon, it’s, jetting, It’s, Trevor Noah Organizations: CNN, Kansas City Chiefs, Chiefs, San Francisco 49ers, NFL, fam, CBS Locations: Argentina, Los Angeles

☆ Big Tech executives to appear at Senate hearing to defend social media’s impact on teens
▼ + stars: | 2024-01-31 | by ( Brian Fung | Clare Duffy | ) edition.cnn.com time to read: +6 min

Zuckerberg is expected to tout the company’s more than 30 safety controls, according to prepared testimony released ahead of the hearing. In recent weeks, Meta has also begun hiding more “age-inappropriate” content in teens’ feeds and restricting teens from receiving direct messages from people they don’t follow. Ideally, Clegg said, Zuckerberg would authorize as many as 124 new hires, but acknowledged that financial pressures could make it difficult. After months of radio silence from Zuckerberg, Clegg tried to follow up, this time with a slimmed-down proposal that envisioned either 25 new hires or, if even that was infeasible, just seven. “This would be the bare minimum needed to meet basic policymaker inquiries,” Clegg wrote to Zuckerberg on Nov. 10, 2021.

Persons: “ We’re, ” Connecticut Democratic Sen, Richard Blumenthal, Mark Zuckerberg, Zuckerberg, Evan Spiegel, Rosemarie Calvoni, Meta, Calvoni, ”, ” Calvoni, Arturo Béjar, ’, Tennessee Republican Sen, Marsha Blackburn, Sheryl Sandberg, Global Affairs Nick Clegg, Clegg —, —, Clegg, ” Clegg, Sandberg, “ Organizations: Washington CNN, Meta, Twitter, ” Connecticut Democratic, Facebook, Blumenthal, Tennessee Republican, Global Affairs Locations: ” Connecticut, Massachusetts

CNN —Russia and Ukraine have exchanged hundreds of prisoners of war, in the first such swap since the deadly crash of a Russian military plane that Moscow claimed was carrying 65 captured Ukrainian soldiers. Wednesday’s exchange was the first since the mysterious crash of a Russian IL-76 plane on January 24 in Russia’s Belgorod region, which neighbors eastern Ukraine. But Ukraine’s intelligence chief Kyrylo Budanov said there was still no reliable information as to who might have been on board the downed Russian plane. Speaking after Wednesday’s prisoner exchange, Russian President Vladimir Putin claimed the IL-76 plane had been downed by a US Patriot missile system. Putin stressed that Russia would not halt prisoner exchanges despite the plane crash.

Persons: Volodymyr Zelensky, ” Zelensky, Zelensky, ”, Andriy Yusov, Yusov, Petro Yatsenko, Kyrylo Budanov, Vladimir Putin, ” Putin, Putin, “, Andriy Yermak Organizations: CNN, Russian Defense Ministry, Ukraine’s Defense Intelligence, Social Media, Ukraine’s, US Patriot, American Patriot, Patriot, Russia’s Defense Ministry Locations: Russia, Ukraine, Russian, Moscow, Mariupol, Ukrainian, Russia’s Belgorod, Kyiv, Belgorod, Yablonovo, Donetsk, Zaporizhzhia, Kharkiv, Luhansk, Kherson, Sumy

☆ Thai Court Rules That Opposition Party Proposal Violated the Constitution
▼ + stars: | 2024-01-31 | by ( Sui-Lee Wee | Muktita Suhartono | ) www.nytimes.com time to read: +1 min

But on Wednesday the Move Forward Party and its push for change were dealt a severe blow. Thailand’s Constitutional Court ruled that the party’s proposal to scale back the royal defamation law violated the Constitution because it was an attempt to overthrow the monarchy. The verdict, in effect, lays out explicitly that the royal defamation law is sacrosanct for Thailand’s conservative establishment, a nexus of royalists, military officials and wealthy elites. Wednesday’s ruling leaves Move Forward vulnerable to more legal challenges, which could pave the way for its eventual disbandment. It could also set the stage for a showdown between Thailand’s progressive opposition and the establishment.

Persons: Pita Limjaroenrat Organizations: Party Locations: Thailand

☆ Thai court orders election-winning party to end its royal reform campaign in blow to voters who backed change
▼ + stars: | 2024-01-31 | by ( Helen Regan | Kocha Olarn | ) edition.cnn.com time to read: +9 min

“This would effectively mean that the lese majeste law would become untouchable,” said Munin Pongsapan, associate professor at Thammasat University’s Faculty of Law. Sentences for those convicted under lese majeste can be decades long and hundreds of people have been prosecuted in recent years. Anyone – including ordinary citizens – can bring lese majeste charges on behalf of the king, even if they are not directly involved with the case. Protesters demanding royal reform wanted to abolish the lese majeste law, and to ensure the king is answerable to the constitution, with protesters scrutinizing Vajiralongkorn’s immense wealth and power. Move Forward’s predecessor, the Future Forward Party, came out of nowhere to win the third most seats in the 2019 election.

Persons: Pita Limjaroenrat, lese, ”, Munin Pongsapan, “, Munin, Parit Wacharasindhu, Stringer, Wiroj Lakkhanaadisorn, ’, Thitinan, ” Thitinan, lese majeste, Thais, King Maha Vajiralongkorn, King Bhumibol Adulyadej, Maha Vajiralongkorn, Anusak, turfing, Pita, Wednesday’s Organizations: Thailand CNN, Wednesday, Party, University’s, of Law, CNN, Anadolu Agency, Chulalongkorn University, Forward Party, Legal, Thai Lawyers for Human Rights, Lawmakers Locations: Bangkok, Thailand, Thai

☆ US F-16 fighter crashes off South Korea in third loss of Korea-based jet in a year
▼ + stars: | 2024-01-31 | by ( Brad Lendon | Oren Liebermann | ) edition.cnn.com time to read: +2 min

Seoul, South Korea CNN —A United States Air Force F-16 fighter jet crashed after suffering an in-flight emergency off the coast of South Korea Wednesday, in the third crash of one of the US military’s Korea-based warplanes in less than a year. The pilot, assigned to the 8th Fighter Wing, ejected safely and was recovered about 50 minutes after the crash, the Air Force statement said. Wednesday’s crash was the third of a South Korea-based F-16 in less than a year, though there are no indications they are related. An F-16 Fighting Falcon assigned to the 80th Fighter Squadron takes off from Kunsan Air Base, South Korea, on September 18, 2023. In May 2023, an F-16 crashed into an agricultural area near Osan Air Base, south of Seoul, during training.

Persons: ”, Matthew Gaetke ,, Samuel Earick, Kunsan Organizations: South Korea CNN, United States Air Force, Kunsan Air Base, 8th Fighter, Air Force, Matthew Gaetke , 8th Fighter, 80th Fighter Squadron, . Air Force, Korean, Osan Air Base, US Air Force, Air Forces, Air Force Safety Center Locations: Seoul, South Korea, Korea, Korean, Republic, Osan

☆ The Fed keeps interest rates on hold — and signals cuts aren’t coming soon
▼ + stars: | 2024-01-30 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

That’s the Fed’s latest attempt at giving Wall Street a reality check on rate cuts. Fed officials have been communicating that sentiment for weeks now, and Wednesday’s statement is yet another signal from the Fed that investors need to rethink their bets. In early January, futures showed that rate cuts were very likely going to happen in March, but those odds have since crumbled, and they may continue to dip. There are consequences if the Fed cuts rates too soon and if it cuts too late. Fed officials have said they likely need to see “below-trend growth” to be assured that inflation is on its way to 2%.

Persons: Price, “, ”, Jerome Powell, Subadra Rajappa, Générale Organizations: DC CNN, Federal Reserve, CNN, Fed Locations: Washington

☆ Premarket stocks: Blue chips are crumbling. Here’s why
▼ + stars: | 2024-01-30 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —Blue chip stocks have long been synonymous with stability and reliability. Named for the most valuable poker chips, these stocks supposedly represent the crème de la crème of the corporate world, companies like Disney, General Motors and Verizon. Known for their strong financial foundations, longevity, and a healthy flow of dividends, blue chip stocks have long been the go-to for investors seeking steady returns. Their values have surged so high that they’ve been buoying the broader market even as many blue chips have struggled. The problem is that despite being included in blue chip ETF indexes, companies like Nvidia and Tesla aren’t truly blue chip stocks, George Pearkes, an analyst at Bespoke, told CNN.

Persons: Tesla, ”, Henry Allen, George Pearkes, Mark Zuckerberg, Zuckerberg, Linda Yaccarino, Evan Spiegel, Jason Citron, Read, Brian Fung, Joe Biden, Frank Pallone Organizations: CNN Business, Bell, New York CNN, Disney, General Motors, Verizon, Nvidia, Apple, Microsoft, Meta, Investment, Nasdaq, Big Tech, Deutsche Bank, Tesla, Target, Pfizer, Nike, Charter Communications, CNN, Tech, —, House Democrats, New, New Hampshire voters, YouMail, House Energy, Commerce Locations: New York, DC, —, New Hampshire

Microsoft, Alphabet (Google), Meta, Amazon and Apple are all due to report this week. A few hours after the Treasury announces, the Fed will also conclude its two-day meeting, the first of 2024, and issue a statement on interest rates. “They are determined to avoid making the same mistake twice.”The week ends with Friday’s monthly jobs number for January. Rounding out the week will be a report on consumer sentiment from the University of Michigan. The final reading for January is expected to show consumers feeling happier about the state of the economy and inflation.

Persons: ”, Richard de Chazal, William Blair, Jerome Powell, “, Powell, Bill Adams, ” Adams Organizations: Microsoft, Federal Reserve, Conference Board, Consumers, Labor Department, Treasury, Reserve, Comerica Bank, Fed, University of Michigan

☆ Kids aren’t safe on social media, lawmakers say. Tech CEOs are back in DC this week to pledge (again) that they’ll handle it
▼ + stars: | 2024-01-29 | by ( Brian Fung | Clare Duffy | ) edition.cnn.com time to read: +8 min

Until now, the social platforms have largely had the same response: We’ll help teens and families make smart decisions themselves. But now, with growing claims that social media can hurt young users, including worries that it risks driving them to depression or even suicide, online safety advocates say that response falls far short. This month Meta announced a proposed blueprint for federal legislation calling for app stores, not social media companies, to verify users’ ages and enforce an age minimum. Safety action beyond CongressAs efforts to rein in tech platforms have ground to a standstill on Capitol Hill, much of the momentum for regulating social media has picked up outside the halls of Congress. Elsewhere, state-backed and consumer lawsuits against the companies are ramping up pressure to regulate tech platforms as the litigation reveals more about their inner workings.

Persons: Mark Zuckerberg, Zuckerberg, Linda Yaccarino, Evan Spiegel, Jason Citron, ”, Jeff Chester, TikTok, ’, Meta, ’ Instagram, Frances Haugen, Josh Golin, Zamaan Qureshi, Qureshi, Elon Musk, X, ” Golin Organizations: CNN, —, Center for Digital Democracy, Meta, Center, ” Locations: —, Arkansas , Louisiana , Ohio , Utah, Austin , Texas

☆ After Tesla’s dismal quarter, more of the Magnificent Seven face tests next week
▼ + stars: | 2024-01-28 | by ( Krystal Hur | ) edition.cnn.com time to read: +4 min

That comes as the rest of the “Magnificent Seven” — Nvidia, Microsoft, Meta Platforms, Amazon, Apple and Alphabet — continue climbing higher. Excluding Tesla, the Magnificent Seven is projected to report an aggregate 53.7% fourth-quarter earnings growth from the prior year, according to FactSet. Companies in the S&P 500 index are expected to report a 10.5% earnings decline minus those six firms. The “Magnificent Seven” excluding Tesla has a combined market cap of roughly $12 trillion, according to Bespoke Investment Group data through Wednesday’s close. Her firm owns all of the Magnificent Seven stocks except for Tesla.

Persons: Tesla, Howard Silverblatt, Dow, “ You’re, ”, Saira Malik, Russell, “, Shelby McFaddin, Wall, Joe Mazzola, Charles Schwab Organizations: New, New York CNN — Tech, Nvidia, Microsoft, Meta, Amazon, Apple, Companies, Big Tech, Dow Jones, Investors, Federal Reserve, Dow, Tesla, Investment, Federal, — Locations: New York

More than 40,000 people have been sheltering in or around the center, according to the U.N. There was no immediate confirmation of the Israeli order by UNRWA. The United Nations did not directly blame Israel. The United Nations said Wednesday’s strike was the third direct hit on that compound. An estimated 1.7 million Gazans have fled their homes during the war, according to the United Nations, many of them displaced multiple times.

Persons: Khan Younis, Philippe Lazzarini, U.N, “, Israel, Wednesday’s, Mr, Lazzarini, Younis, Rawan Sheikh Ahmad Organizations: United Nations, UNRWA, Israeli Authorities Locations: Gaza, Khan, Egypt, Israel

☆ Luka Doncic scores 73 points – tied for 4th most by a player in an NBA game
▼ + stars: | 2024-01-26 | by ( Jason Hanna | Homero De La Fuente | ) edition.cnn.com time to read: +3 min

Only Wilt Chamberlain (100 points and 78 points in the 1960s) and Kobe Bryant (81 in 2006) scored more in an NBA game. We’ve been struggling lately – the mindset was get a win,” Doncic said about his Mavericks (25-20) after the game. So, just seeing the game,” Doncic said. When I’m wrong I admit it, so probably shouldn’t have done that. Doncic, who was named Thursday to his fourth NBA All-Star Game, was selected by the Hawks with the No.

Persons: CNN — Luka Doncic, Joel Embiid, Wilt Chamberlain, Kobe Bryant, Chamberlain, David Thompson, “, We’ve, ” Doncic, Embiid, Doncic, Trae Young, Young, who’d, ”, Cam Organizations: CNN —, Dallas Mavericks, Atlanta, NBA, Kobe, Mavericks, Philadelphia 76ers, San Antonio Spurs, Hawks, Phoenix Suns, Dallas ’ American Airlines Center, TNT Locations: Slovenian

I don’t know whether they did it on purpose or by mistake, through thoughtlessness,” Putin said of Ukraine at a meeting with students. Putin offered no details to support the allegation that Ukraine was to blame, which other Russian officials have also made. Ukrainian officials have not said whether their military shot down the plane, but they called for an international investigation. Political Cartoons View All 253 ImagesBoth sides in Russia's 23-month-long war in Ukraine have often used accusations to sway opinion at home and abroad. Ukrainian officials confirmed that a prisoner exchange was due to happen Wednesday but said it was called off.

Persons: Vladimir Putin, Putin, ” Putin, Mykola Oleshchuk, “, Volodymyr Zelenskyy Organizations: Authorities Locations: Russia’s Belgorod, thoughtlessness, Ukraine, Belgorod, Moscow, russia, ukraine

☆ Tesla shares plunge to wipe out $71 billion in market value, after dour earnings call
▼ + stars: | 2024-01-25 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

London CNN —Shares in Tesla plunged as much as 11% after the market opened Thursday, wiping $73 billion off the company’s market value hours after it warned of slowing growth in electric car sales and an existential threat from Chinese rivals. While it reported a sizeable 38% increase in deliveries last year compared with 2022, Tesla had previously targeted a 50% annual growth rate averaged over several years. At the time, investors were worried about the outlook for Tesla’s sales and profitability, as well as the health of the US economy. Dan Ives, an analyst with market research firm Wedbush, said Tesla’s earnings call provided investors with “minimal answers” to the company’s shrinking margins. China’s BYD beat Tesla in the final three months of last year, selling more cars than Elon Musk’s carmaker for the first time.

Persons: Tesla, Thursday’s, Qilai Shen, Dan Ives, Musk, ”, China Tesla, China’s, Elon Musk’s carmaker, ” Garrett Nelson, Ben Barringer, Chris Isidore Organizations: London CNN —, Bloomberg, Getty, Elon, CFRA Research Locations: Shanghai, China, Cheviot

Tesla plungesElon Musk and Tesla shareholders are at a crossroads. Shares are down roughly 8 percent on Thursday in premarket trading after Wednesday’s lackluster year-end results. He asked investors to look beyond 2024, predicting a “major growth wave” fueled by a low-cost Tesla model that will be built partly in Austin, Texas, and Mexico. The latest stock fall comes after Tesla reported that fourth-quarter profit nearly doubled to $7.9 billion — largely thanks to a one-time tax break. The company also declined to give detailed full-year guidance, but said it expected sales growth to be “notably slower.”

Persons: Tesla, Elon Organizations: Tesla Locations: North America, Europe, China, Austin , Texas, Mexico

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