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Memorial Day weekend, the traditional launching pad of the summer travel season, is shaping up to set a scorching pace. United is expecting the biggest Memorial Day and summer travel season in the airline’s 98-year history, according to Andrew Nocella, United’s executive vice president and chief commercial officer. Air traffic controller shortageThe air traffic control tower at Los Angeles International Airport is a busy place. The United States is still short thousands of air traffic control personnel. Markus Mainka/imageBROKER/ShutterstockDespite a surge in hiring last year, air traffic control stations nationwide are still about 3,000 controllers short, according to new FAA numbers.
Persons: it’s, Andrew Nocella, Markus Mainka, Scott Keyes, , ” Keyes, Tayfun, Bob Thomas, haven’t, Elijah Nouvelage, Keyes, , Antonio Masiello, he’s, Angela Fritz Organizations: CNN, Federal Aviation Administration, Transportation Security Administration, TSA, American Airlines and United Airlines, Airlines for America, Airlines, America, Air, Los Angeles International, FAA, CNN Travel, San Francisco International, Anadolu Agency, Embry ‑ Riddle Aeronautical University, Aircraft, Travelers, Hartsfield, Jackson Atlanta International Airport, Getty Locations: United States, New York City, Florida, New York, Miami, Chicago, Atlantic, AFP, Rome, Europe, Mexico, Australia, Paris, Iceland, Dublin, CNN’s
Pope Francis opens the "Holy Doors" at St. Peter's Basilica to mark the start of the Jubilee Year of Mercy. Now the hope is to have the line’s showcase Piazza Venezia stop, featuring an eight-story underground museum, ready in 10 years, according to engineer Andrea Sciotti, who is in charge of the metro museum complex. Each will be placed exactly where it was found inside the metro museum, which is being dug some 85 meters (280 feet) deep, encompassing eight stories below the modern city of Rome. The Venezia station museum stop is not the only treasure on the new line. In 2025, the new Colosseo-Fori station, complete with a four-level underground museum to showcase artifacts including 25 archaic wells unearthed when it was built, will also open after activation tests, meant to begin in October, are completed.
Persons: Rome, it’s, wasn’t, Pope Francis, Mercy, VINCENZO PINTO, Emperor Hadrian’s, Andrea Sciotti, Jesus Christ, , ” Sciotti, Emperor Hadrian's, Stefano Montesi, Sciotti, It’s, Organizations: Rome CNN —, San, Vatican, AFP, Piazza Venezia, CNN, Corbis, Roman, Palazzo Venezia, Colosseum Locations: Rome CNN — Rome, San Giovanni Cathedral, Peter’s, St, AFP, Rome, San Giovanni, Italy, London ., Venezia
Singapore Airlines has tweaked its in-flight seatbelt sign policies and altered at least one flight route after a turbulence incident this week killed one person and left dozens more hospitalized, according to the airline and flight data. The airline is adopting a more cautious approach to turbulence, including not serving hot drinks or meals when the seatbelt sign is on, it said in a statement to Singapore broadcaster Channel News Asia. “SIA will continue to review our processes, as the safety of our passengers and crew is of utmost importance,” it said. The daily London-to-Singapore route SQ321 has completed two flights since the incident and not flown over the part of Myanmar where the sudden turbulence occurred about three hours before scheduled landing. They flew instead over the Bay of Bengal and Andaman Sea, route data from flight tracker FlightRadar 24 shows.
Organizations: Singapore Airlines, Channel News Asia, “ SIA, Boeing, Srinakarin Locations: Singapore, London, Bangkok, SQ321, Myanmar, Bengal, Andaman
New York CNN —Buying or selling a stock is about to get a lot snappier starting next Tuesday. But that doesn’t mean it’ll get smoother, at least right away — and some financial firms are preparing to handle any possible bumpiness. Clearinghouses, which sit between buyers and sellers, collect margins from traders as evidence that they can afford to make the transaction. Baird has had a T+1 committee in place since last summer to ensure such hiccups don’t happen, Lee said. “The existing two-day period to settle trades exposes investors and the industry to unnecessary risk and is ripe for change,” Robinhood CEO Vlad Tenev said in a February 2021 release.
Persons: , That’s, ” Gary Gensler, , Rich Lee, Baird, Lee, Reddit, Vlad Tenev, Max, Gregory Wallace, Brian West, Mike Whitaker, ” “, ” Whitaker, Read, Meta, that’s, Clare Duffy, Patrick Collison, Nat Friedman, Tobi Lütke, Charlie Songhurst, White, OpenAI Organizations: CNN Business, Bell, New York CNN, Securities and Exchange Commission, Employees, GameStop, AMC Entertainment, AMC, Robinhood, Investors, Boeing, FAA, Federal Aviation Administration, Wolfe Research, ABC, Microsoft, Meta Locations: New York, OpenAI
The news will come with stocks on pace to close out a strong month that included all-time highs. Stocks are poised to end an impressive month of gains after some softer inflation data released earlier in May and stronger-than-expected corporate earnings revived investor exuberance in the market rally. On Friday, the 30-stock Dow was on pace to snap a five-week win streak, falling by 2% for the period. Pesky inflation, consumer weakness The April personal income and expenditures report, which includes the PCE inflation reading, could confirm the recent trend of cooling inflation. Pending Home Sales (April) Earnings: Costco Wholesale , Ulta Beauty , NetApp , Best Buy , Dollar General , Hormel Foods Friday, May 31 8:30 a.m.
Persons: Dow, Mike Dickson, Dickson, FactSet, Goldman Sachs, David Mericle, Steph, it's, Christian Mueller, Glissmann, Mueller Organizations: Dow Jones, Nasdaq, Horizon Investments, Fed, PCE, Robinhood, Costco Wholesale, Software, Dallas Fed, Richmond Fed, Hormel, Chicago PMI Locations: Chicago
With 5G, organizations now have faster internet speeds, expanded capabilities, and an additional avenue of connectivity. Telecom companies can also provide private 5G networks to businesses, offering them low latency and high bandwidth to transfer large volumes of data securely. For example, NTT, a Japanese telecom company, offers 5G services to consumers and private 5G services to businesses, particularly in the manufacturing and automotive industries. Increasingly, more cellular and Internet of Things devices are being connected to organizations' 5G networks, which means more opportunities for hackers if organizations don't properly manage their security. In the future, more security companies could focus on 5G security for cars, airplanes, medical devices, and more.
Persons: , Christine Gadsby, Chris Novak, Novak, Shahid Ahmed, Gadsby, Casey Ellis, he's, Bugcrowd, Ellis, We're, Matsubara Organizations: RSA, 5G, Service, cybersecurity, Business, BlackBerry, Telecom, Verizon Business, NTT, Mobile Locations: San Francisco, Japanese, cybersecurity, China
Read previewBarry Sternlicht became a real estate billionaire by snapping up commercial properties on the cheap during market downturns. The 63-year-old Miami-based executive, who built his firm Starwood Capital into a more than $100 billion real estate investment behemoth, has now found himself on the flipside of that formula. The situation is a reversal of fortune for Sternlicht, who is more used to capitalizing on real estate dips than becoming entangled in them. But investor sentiment darkened as interest rates rose and put pressure on real estate asset values. "They're concerned that there may be more markdowns in net asset value if interest rates stay higher for longer.
Persons: , Barry Sternlicht, SREIT, Sternlicht, Matt Malone, REITs, Malone, Kevin Gannon, Gannon, Jon Mechanic, Fried Frank, Mechanic, Barry Organizations: Service, Starwood Capital, Starwood, Income Trust, Business, Federal Reserve, Shareholders, Westin, Caesars, Opto Investments Locations: Miami, Vegas, SREIT
Ark Invest CEO Cathie Wood believes stocks are ready to spring upward with easing price pressures and lower interest rates on the horizon. "In the fourth quarter, as the Fed's dot plot began pointing to much lower interest rates, the bull market in equities broadened dramatically," Wood said in an X post on Thursday evening. In our view, more price deflation and lower interest rates will activate coiled equities." She said investors have been flocking to safe havens and cash at a dramatic pace last seen during the 1930s. "In our view, the search for cash and safety in the equity markets today is as intense as that during the Great Depression in the early 1930s," Wood said in the X post.
Persons: Cathie Wood, Wood Organizations: Federal Reserve
Apple's upcoming WWDC on June 10 represents its "most important event in a decade," according to Wedbush analyst Dan Ives. Ives expects the company to unveil a host of AI features that will help power an iPhone 16 supercycle. Ives expects the iPhone upgrade cycle could exceed a massive 270 million units. "This adds to our entrenched view that for Apple iPhone builds we will see a lift heading into a highly anticipated iPhone 16 upgrade cycle that kicks off in September. We believe current Street numbers are somewhat conservative for FY25 which is a good setup into this upcoming iPhone cycle," Ives said.
Persons: Dan Ives, Ives, Organizations: Service, Apple, OpenAI, Cook, Co Locations: Taiwan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket will broaden out if inflation settles, says Nuveen CIO Saira MalikSaira Malik, Nuveen CIO, joins 'Power Lunch' to discuss the market, inflation data, talks of recession, and more.
Persons: Saira Malik Saira Malik
Over the past two centuries, Nantucket has gone from a whaling town to a hippie refuge to a holiday hot spot for billionaires. "To use a well-worn phrase, come hell or high water, people are still buying multimillion-dollar homes on Nantucket." Between 2030 and 2100, the number of structures exposed to coastal erosion is expected to go from 113 to 860. "Without erosion, this would be an extremely valuable area," Baxter Road resident Joshua Posner told BI. "It's not inexpensive, but it is worth doing," Posner told BI.
Persons: Steve Schwarzman, Eric Schmidt, Barry Sternlicht, Elizabeth Gibson, David L, Ryan, Bruce Percelay, Edward Sanford's, he'd, Percelay, Greg Mckechnie, you'd, Barry Sternlicht's, Suzanne Kreiter, Shelly Lockwood, who's, I'm, Joshua Posner, Jack Welch, Bill Belichick, , Sanford, Lockwood, Nature, Yorker Brendan Maddigan, Maddigan, Mckechnie, Schwarzman, She's, Posner, he's, Helmut Weymar, Anne Atherton Organizations: Resilience, Business, Boston Globe, Getty, Estate, Nantucket, Coastal, Nantucket's Cisco, Cisco, Beach, Patriots, Yorker, Preservation Fund, Baxter, Conservation, Conservancy, The New York Times, Conservation Commission, Nature Locations: Nantucket, England, Cape Cod, Nantucket's, Madaket, Sconset, Brant, Baxter
The Saving on a Valuable Education plan is the newest income-driven repayment plan available to federal student loan borrowers, and this summer it's getting even more affordable. Currently, monthly payments on the SAVE plan are calculated as 10% of borrowers' discretionary income. Borrowers who stay on the SAVE plan can have their remaining balances forgiven in as little as 10 years of repayments. All federal student loan borrowers with direct loans are eligible to apply for the SAVE plan through their loan servicer. You can also use Federal Student Aid's loan simulator tool to see if it's the right repayment plan for you.
Organizations: Department of Health, Human Services, SAVE, Education, CNBC
Read previewApple recently reached a $35 million settlement with iPhone 7 and iPhone 7 Plus users who said their phones had audio problems. It argues the iPhone 7 and iPhone 7 Plus had audio issues related to the "audio IC chip." Apple iPhone 7. AdvertisementHow much money could iPhone customers receive? If customers don't select a payment method and provide payment information, they'll remain in the settlement class but cannot receive payment.
Persons: , Apple, Spencer Platt, Andrea Gold, Greg Coleman, Coleman Organizations: Service, Business, Apple, Getty, United States Locations: United
London CNN —When British Prime Minister Rishi Sunak announced on Wednesday that the United Kingdom would hold a general election on July 4, many observers wondered: why now? British Prime Minister Rishi Sunak delivers a speech calling for a general election, outside 10 Downing Street, in London on May 22. Their time in office didn’t begin formidably. In 2010, after 13 years of Labour rule, David Cameron won the general election but didn’t win a majority in parliament. Eventually, the Conservative Party had enough of the chaos and put Sunak in charge as a safe pair of hands.
Persons: Rishi Sunak, Keir Starmer, Sunak, Maja Smiejkowska, he’s, we’ve, ’ ” Sunak, didn’t, David Cameron, Cameron, Theresa May, Boris Johnson, Johnson, Henry Nicholls, Liz Truss, , Starmer Organizations: London CNN, British, Conservative Party, Labour Party, Labour, International Monetary Fund, CNN, IMF, Liberal Democrats, Conservative, Vale, Glamorgan Brewery, Getty Locations: United Kingdom, London, Downing, Glamorgan, Barry, Wales, AFP, Rwanda, Sunak
AdvertisementI'll soon have an empty nest, with my bird nearly 2,000 miles away, and I'm already dreading it. He decided to go to college far from homeHis father and I are incredibly proud of him and know he's ready for this next big step. He's ready to be close to the ocean, meet new friends, and dive headfirst into his film studies. While our son is raring to go and ready to meet the world on his own terms, I'm not sure I'm ready for him to be thousands of miles away. In the meantime, get ready world.
Persons: He'll, whittle, I'm, raring Organizations: Service, Business, Grand Central Locations: East Coast, California, Los Angeles
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflation's moving away slowly and Fed will cut rates this year, says JPMorgan's Priya MisraPriya Misra, JPMorgan Asset Management fixed income portfolio manager, joins 'Squawk Box' to discuss inflation's trajectory, the bifurcation in views on outcomes, and much more.
Persons: JPMorgan's Priya Misra Priya Misra Organizations: JPMorgan, Management
This is the eighth lawsuit against Combs since November – the seventh directly accusing him of sexual assault. Another lawsuit accused his son Christian Combs of sexual assault, and Sean Combs is accused of aiding and abetting. Lampros claims that Combs raped her after she “pleaded with Mr. Combs to stop.” “She was nude, sore, and confused” the next morning, according to the lawsuit. According to Lampros, she was also not allowed to talk about her relationship with Combs to anyone, the lawsuit claims. Mr. Combs would also threaten to blacklist her in the industry if she tried to mess with him in any way,” the suit said.
Persons: Sean “ Diddy ” Combs, Lampros, Combs, , ” Lampros, Cassie Ventura, Christian Combs, Sean Combs, , “ Ms, Lampros “, she’s, Lampros ’, Tyrone Blackburn, Rodney Jones, Grace O’Marcaigh, Crystal McKinney, drugging, Aaron Dyer, “ Mr Organizations: CNN, New York’s Fashion Institute of Technology, Bad Boy Records, Arista Records, Sony Music Entertainment, Diddy’s, Records, Lampros, Department of Homeland Security Locations: New York, New York City, Manhattan
F1 dispute with Andretti Global draws in U.S. lawmakers
  + stars: | 2024-05-24 | by ( Chris Hawes | ) www.cnbc.com   time to read: +5 min
Anna Moneymaker | Getty ImagesA dispute over whether to accept American motorsports giant Andretti Global as Formula One's 11th team is reaching boiling point. It's the latest twist in the Andretti saga, which started in October 2023 when the sport's governing body, the FIA, approved the American team's bid to join the grid. Three months later, F1, the sport's commercial arm, quashed the bid, arguing that Andretti wouldn't be competitive in 2025 or 2026. These new entrants would also be obliged to operate out of a region not currently represented by F1 teams. It isn't just in Washington where support for Andretti is growing, explained Andretti.
Persons: Mario Andretti, John James, Anna Moneymaker, Michael, Andretti, Stefano Domenicali, Domenicali, Tim Milne, Lewis Butler, Tim Cook, Red Bull's Max Verstappen Mike Segar, Zac Brown, it's, Fernando Alonso Organizations: Washington , DC, Andretti, Capitol, General Motors, Andretti Global, One's, Miami Grand, Liberty Media, NBC News, FIA, Formula, One, CNBC, Las Vegas, Prix, U.S, F1, United, Reuters Locations: Washington ,, U.S, Las Vegas, Saudi Arabia, United States, Americas, Austin , Texas, Washington, Miami
After Chuck E. Cheese’s plans to retire most of its animatronic bands sparked an outcry from wistful fans, the pizzeria-arcade chain said it would keep a few more of the bands. The company will increase to five the number of animatronic bands that will stay, a company spokeswoman said to The New York Times in a statement on Thursday. The move comes after The Times detailed the chain’s plan to phase out the iconic animatronic performers, known as Munch’s Make Believe Band, at all but two of the more than 400 Chuck E. Cheese locations in the United States by the end of the year. The company said it had wanted to update the Chuck E. Cheese experience for a new generation of digitally-inclined children. A few distraught fans even managed to get a hold of the chain’s chief executive, David McKillips, on his personal phone to appeal for the survival of at least a few more of the animatronic bands.
Persons: Chuck E, David McKillips Organizations: The New York Times, Times Locations: United States
London CNN —Money generated by Russian financial assets frozen in Europe will soon start flowing to Ukraine, giving Kyiv a boost as it struggles to counter an advance by Moscow’s troops. The plan “would essentially bring forward that flow of interest proceeds from the assets… (through a loan) given to Ukraine,” Yellen told broadcaster Sky News in an interview this week. “Ukraine has substantial needs, and being able to marshal significant resources to help Ukraine is important,” she said. Most of the frozen Russian money is held in Europe, and the euro is the world’s second-most important currency after the US dollar. This would give Kyiv access to a much larger amount of money than using future or current windfall profits from Russian assets.
Persons: Janet Yellen, ” Yellen, Gabriel Bouys, Joe Biden, ” Lee Buccheit, Trade Valdis Dombrovskis, Yellen, there’s, , Buchheit, Putin, Organizations: London CNN, Union, Sky News, , US, Getty, University of Edinburgh Law School, CNN, EU, Trade, Reuters, Russia, Ukraine, World Bank Locations: Europe, Ukraine, West, Italy, Russia, Ukraine’s, Kharkiv, Frankfurt, Germany, “ Ukraine, Stresa, AFP, EU, Belgium, Kyiv
Top commodity trader Pierre Andurand expects copper to reach $40,000 a ton in the next four years. AdvertisementCopper prices at records are only a taste of what's to come, says top commodities trader Pierre Andurand. Copper is already sitting near record highs, so any quadrupling from current levels would mean a prolonged series of fresh records. It's bad news for a depleting inventory; last year, global copper supply hit its lowest seasonal level since 2008. The supply-demand imbalance is the same thesis for why commodities expert Jeff Currie expects higher prices, though his projection is nowhere near Andurand's — Currie expects copper to hit $15,000 in the coming years, and has called it "the most compelling trade" he's ever seen.
Persons: Pierre Andurand, , That's, Andurand, BHP's, Jeff Currie, — Currie, I'm, Currie Organizations: Service, Financial Times, Bloomberg
Who are Haiti’s gangs? Complicating the situation is a torrent of smuggled guns and ammunition arming Haiti’s gangs, despite an arms embargo on the island. In October last year, the Multinational Security Support Mission (MSS) was finally greenlit by the United Nations’ powerful Security Council. More equipment, including armored vehicles and radios, is expected to arrive in Haiti for the MSS over the coming days and weeks. “We believe only the Haitian police can provide long term security for Haiti.
Persons: puncturing, Joe Biden, William Ruto, ” Ruto, , Viv Ansamn, Jovenel Moise, Antony Blinken, Al, Bill O’Neill, Ariel Henry, Ayub Abdikadir, Ruto, El Salvador, Felix Ulloa, , SPNH17, Nou Pap, Organizations: CNN, Kenyan, Haitian, Haiti’s National Police, Relations, Multinational Security, Multinational, United Nations, Security, police, UN, Presidential Council, Kenya’s Citizen, Canada, El, Salvadoran, , NPD, Haitian National Police Locations: Haiti, Haitian, Port, Washington, Kenya, Al Shabaab, Somalia, Sudan, Congo, Bahamas, Bangladesh, Barbados, Belize, Benin, Chad, Jamaica, United States, France, Spain, Canada, Toussaint Louverture, El Salvador
General signage before practice for the first round of the 2024 NCAA Tournament at PPG Paints Arena. Charles LeClaire-USA TODAY SportsA major change could be coming for college athletes — they may soon start getting paid. Other casesThe settlement is expected to cover two other antitrust cases facing the NCAA and major conferences that challenge athlete compensation rules. Hubbard v. the NCAA and Carter v. the NCAA are also in front of judges in the Northern District of California. College sports have been trending in this direction for years, with athletes receiving more and more monetary benefits and rights they say were long overdue.
Persons: Charles LeClaire, , Charlie Baker, Steve Berman, Grant, Michael McCann, McCann, Logan Riely, Hubbard, Carter, Fontenot, they're, George Zelcs Organizations: PPG Paints, NCAA, ACC, SEC, Former Arizona State, Grant House, Sedona Prince, TCU, NBC, Washington Huskies, Michigan Wolverines, College Football Playoff, Notre Dame, Big, Atlantic Coast, Washington, Oregon State, Northern District of, College Locations: Oregon, amateurism, Houston, Southeastern, Washington State, Northern District, Northern District of California, Colorado, Fontenot
I knew my assignment: I had to make the Google glue pizza. But now I'm an adult and can't be shamed for eating glue pizza.) AdvertisementIt appears that the origin of the pizza glue was a joke made on Reddit 11 years ago about adding glue to sauce. Presumably, Google AI search results will improve, and these weird flukes of bad results will become increasingly rare. DO NOT EAT GLUE PIZZA.
Persons: , it's, It's, minty, Katie Notopoulos, DKdCa6LUap, Scarlett Johansson Organizations: Service, NHL, University of Wisconsin, Business, Google
Read previewIf you feel like you can't keep up with the deluge of AI announcements, you're not alone. In the last two weeks, developers and consumers have been bombarded with a steady stream of AI updates and product launches, showing just how heated the AI race has become. Gartner's Chandrasekaran gave two reasons for why the flurry of AI announcements is happening now. AdvertisementThat means that there's going to be a lot of so-called AI washing and AI marketing as companies fight for a chance to get noticed, Chandrasekaran added. "And they could be calling it AI or they may be using more classic machine learning and calling it like Gen AI."
Persons: , Eric Schmidt, OpenAI, Arun Chandrasekaran, Sundar Pichai, Gartner's Chandrasekaran, Chandrasekaran, It's, There's, it's, there's Organizations: Service, Business, Google, Gemini, Project Astra, Microsoft, Apple, Gartner, Bloomberg Locations: Paris
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