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"Improving domestic ecommerce market share should lead to better monetization eventually," Yao said. The investment firm expects Douyin to match PDD's market share of 21% next year, and surpass it by reaching 22% in 2026. Tencent's WeChat Video Account platform is expected to retain about 2% to 3% of GMV market share through 2026, the Goldman analysis said. The video streaming platform last month reported e-commerce GMV grew by 28.2% year-on-year in the first quarter to 288.1 billion yuan ($40,55 billion). The firm forecasts Kuaishou's e-commerce GMV revenue will grow by 25% this year, although livestreaming revenue — which has accounted for about a third of total revenue — is expected to drop due to a high base.
Persons: James Yang, Bain, Joe Tsai, Emily Tan, Yang, Alibaba, Goldman Sachs, Ronald Keung, David Ma, China's, Morgan Stanley, Eddy Wang, Kenneth Fong, JD, David Beckham, Alex Yao, monetization, Yao, Tmall's GMV, Douyin, Alibaba's, Tencent's, Goldman, Sophie Huang, — CNBC's Michael Bloom Organizations: Bain and Company, PDD Holdings, Goldman, UBS, JPMorgan China, ByteDance, Hong Locations: China, Hong Kong, Asia, U.S, Alibaba, 2Q24, 2Q24E
CNN —Two far-right Israeli ministers have threatened to resign and bring down the governing coalition of Prime Minister Benjamin Netanyahu if he accepts a peace proposal laid out by US President Joe Biden. “It’s time for this war to end,” he said, a clear indication that – as far as he is concerned – Israel’s war goals have been met. But the Israel government’s two most prominent far-right members, Finance Minister Bezalel Smotrich and National Security Minister Itamar Ben Gvir, made it explicitly clear they reject an immediate ceasefire. The plan has been widely welcomed, with the UN and other international powers urging Israel and Hamas to accept it. Netanyahu’s government is facing growing international calls to end the war in Gaza as the conflict approaches its ninth month.
Persons: Benjamin Netanyahu, Joe Biden, Biden, , , Bezalel Smotrich, Itamar Ben Gvir, Smotrich, Netanyahu, ” Smotrich, Ben Gvir, Otzma, Israel, ” Netanyahu, Yair Lapid Organizations: CNN, White, Hamas, Finance, National Security, ” National Security, UN, Saturday Locations: Gaza, Israel, Lebanon,
Displaced Palestinian children line up to receive food in Rafah on May 19. The World Food Programme (WFP) is currently serving only 27,000 people in Rafah, according to Matthew Hollingworth, the organization’s country director in Gaza. The sounds, the smells, the everyday life are horrific and apocalyptic,” Hollingworth told journalists Friday after returning from a trip to Gaza. “From the seventh of May to the 20th, not a single WFP truck crossed from the southern corridors of Egypt into Rafah,” he said. Rafah had previously been the central artery for aid to flow into Gaza, as the only border crossing not controlled by Israel.
Persons: Matthew Hollingworth, ” Hollingworth, , Hollingsworth, , Israel Organizations: AFP, Getty, United, Food Programme, WFP Locations: Rafah, United Nations, Gaza, Egypt, , Israel
“Under the proposal, Israel will continue to insist these conditions are met before a permanent ceasefire is put in place. The notion that Israel will agree to a permanent ceasefire before these conditions are fulfilled is a non-starter,” the statement said. The earlier PMO statement insisted the “exact outline” of the proposal allows Israel to “maintain” its goals in the conflict. Gvir, Israel’s National Security Minister, had previously threatened to leave Netanyahu’s coalition if a ceasefire is reached before Israel achieves its declared war aims. The international pressure Netanyahu’s government is facing to end the war in Gaza has been mounting, as the conflict approaches its ninth month.
Persons: Benjamin Netanyahu, Joe Biden, Israel, Biden, , Israel ” —, Netanyahu, ’ Biden Netanyahu, Yair Lapid, Biden’s, ” Lapid, Itamar Ben Gvir, Bezalel Smotrich, Organizations: CNN, Israeli, Hamas, UN, Prime, , Prime Minister’s, Times, National Security Minister, Israel Locations: Gaza, Israel, France, Rafah
In the north, Moscow’s troops are aiming to bring its troops within tube artillery range of Kharkiv city. The nearby Russian city of Belgorod, for instance, has increasingly come under Ukrainian attack in recent months. Since then, Russian troops have made steady progress westwards in the direction of Pokrovsk, which serves as a vital military hub in Ukraine’s war effort. Both Russian military bloggers and Ukraine’s DeepStateMap report small Russian advances into a pocket of recaptured Ukrainian territory. It was first captured by Russian forces in early March 2022 and Moscow again claimed control over it earlier this month, something denied by Ukraine.
Persons: Volodymyr Zelensky, , , Chasiv Yar, Ukraine’s Organizations: CNN, Russian, Ukraine Locations: Russia, Ukraine, Kharkiv, Vovchansk, Ukraine’s, Russian, Belgorod, Avdiivka, Pokrovsk, Bakhmut, Chasiv, Kramatorsk, Zaporizhzhia, Ukrainian, Moscow
I lost my hair. Then I found myself.
  + stars: | 2024-05-31 | by ( Sara Dubnow | ) www.businessinsider.com   time to read: +14 min
For more than a year, I had been dealing with my progressive hair loss and clamoring for some sort of control. I launched into the story of my hair loss journey, attempting to convey the stress and uncertainty that had defined the past year. I purchased a long brown human hair wig that initially looked natural in the shop lighting. I learned I had a lot to learn; there was a whole "wearing hair" subculture with special lingo that I knew nothing about. I accepted that I have hair loss and I'm aging, and one day, I'll look in the mirror, and it won't be just my hair that's changed.
Persons: Bangs, Barbie, I'm, I'm balding, Scissor, Rogaine, , didn't, LaCroix, hadn't, Kim Kardashian, Instagram, Emilie, I'd, Moira Rose Organizations: Business, Melrose Locations: Los Angeles
CNN —European allies of former US President Donald Trump have rallied around him in support following his historic conviction on 34 felony counts of falsifying business records. The conviction – which has been heralded as a somber moment for America with wide-reaching implications – has been painted by Trump’s allies in Europe as political persecution, aimed at derailing his bid to return to White House. Italy’s Deputy Prime Minister Matteo Salvini called Trump’s conviction “judicial harassment” in a post on X, while Hungarian President Viktor Orban urged him to “keep on fighting” for the presidency. Meanwhile, Russia suggested there was a political conspiracy at play, despite Trump being convicted by a jury. “This is visible to the whole world with the naked eye.”Other countries, sticking to protocol, declined to comment on Trump’s conviction.
Persons: Donald Trump, Trump’s, Matteo Salvini, Viktor Orban, , , Trump, Salvini, Orbán, ” “, Vladimir Putin’s, Dmitry Peskov, Rishi Sunak, Christian Wagner Organizations: CNN, White, Trump, America, British Locations: , Europe, Manhattan, Philadelphia , Pennsylvania, Italy, Russia
It serves as an example of how Russia has been exploiting Ukraine’s main vulnerabilities: insufficient manpower, artillery shortages, sparse air defenses and inadequate defensive fortifications. In the north, Moscow’s troops are aiming to bring its troops within tube artillery range of Kharkiv city. The nearby Russian city of Belgorod, for instance, has increasingly come under Ukrainian attack in recent months. Since then, Russian troops have made steady progress westwards in the direction of Pokrovsk, which serves as a vital military hub in Ukraine’s war effort. It was first captured by Russian forces in early March 2022 and Moscow again claimed control over it earlier this month, something denied by Ukraine.
Persons: Volodymyr Zelensky, , , Chasiv Yar, Ukraine’s Organizations: CNN, Russian, Ukraine Locations: Russia, Ukraine, Kharkiv, Vovchansk, Ukraine’s, Russian, Belgorod, Avdiivka, Pokrovsk, Bakhmut, Chasiv, Kramatorsk, Zaporizhzhia, Ukrainian, Moscow
One basis point equal 0.01%. The benchmark 10-year Treasury yield fell more than 3 basis points to 4.518%. The 2-year Treasury yield was down more than 1 basis point to 4.912%. U.S. Treasury yields were slightly lower on Friday after the Federal Reserve's preferred inflation data came in mostly in line with economist expectations. Fed officials have repeatedly indicated that they are looking for more data evidence that inflation is easing before moving to cut rates, and that patience would be required.
Persons: Dow Jones Organizations: Treasury, U.S, Federal, PCE, Fed
The “exceptional” and “virtually complete” dinosaur fossil, which is 11 feet tall and 20 feet long, will be sold as part of Sotheby’s annual Geek Week. Paleontologists have questioned the sale of such specimens to private bidders, arguing that these finds should be preserved in museums or other public spaces. Nevertheless, that will not stop the auction of the 150-million-year-old fossil from going ahead in New York on July 17. Apex, as it has been nicknamed, is the “finest Stegosaurus specimen to come to market,” Sotheby’s said in a press release Wednesday. It is expected to fetch between $4 million and $6 million, making it one of the most valuable dinosaur fossils ever offered up for sale, the auction house added.
Persons: ” Sotheby’s, Jason Cooper, Sotheby’s, Cooper, , Steve Brusatte, , Sotheby’s Brusatte, “ Sophie, Cassandra Hatton, Maximus ”, Stan Organizations: CNN, Apex, Scotland’s University of Edinburgh, Geek, Abu Dhabi Department of Culture Locations: New York, Apex, Colorado, Morrison, Moffat County , Colorado, Dinosaur, Sotheby’s, Sotheby’s New York, Abu Dhabi, Tourism
NEW DELHI, INDIA - MAY 29: Residents of JJ Cluster Vivekanand Colony at Chanakyapuri fill up water from a tanker in the morning on May 29, 2024 in New Delhi, India. Temperatures have hovered near 50 degrees Celsius (122 degrees Fahrenheit) in Delhi, according to the Indian Meteorological Department. Some local weather stations reported highs of 49.9 degrees Celsius on Tuesday, above Delhi's previous record temperature of 49.2 degrees, which was logged in May 2022. Other weather stations in Delhi measured temperatures on Wednesday ranging from 45.2 to 49.1 degrees Celsius. The area of Narela cooled by as many as 1.5 degrees from Tuesday, while temperatures in many other sites rose further.
Persons: Vipin Kumar Organizations: Hindustan Times, Getty, Indian Meteorological Department, Reuters Locations: DELHI, INDIA, Chanakyapuri, New Delhi, India, Delhi, heatstroke
In this article NES.N-CH Follow your favorite stocks CREATE FREE ACCOUNTwatch nowThe meteoric rise of weight loss drugs means consumers' nutritional needs are "shifting" which provides new opportunities for food companies, Nestle CEO Mark Schneider told CNBC. "I think what since has emerged is that nutritional needs don't go away. So, you know before, during, after GLP-1 therapy — consumers still have nutritional needs, but they may be different from someone who is not on a weight loss regimen." According to Schneider, consumers who are on weight loss medication simply have different nutritional needs. Nestle is also planning other "companion offerings" for consumers taking weight loss drugs, both in the U.S., where Vital Pursuit products will launch, and elsewhere, Schneider said.
Persons: Mark Schneider, Schneider, CNBC's Silvia Amaro, Nestle, they're Organizations: Nestle, CNBC, Investors Locations: Swiss, U.S
Treasury yields fall as investors look to key data
  + stars: | 2024-05-30 | by ( Sophie Kiderlin | In | ) www.cnbc.com   time to read: +1 min
ET, the 10-year Treasury yield was down by 3 basis points at 4.594%, falling back below the 4.6% mark it had crossed Wednesday for the first time in a month. The 2-year Treasury yield was last at 4.966% after falling by nearly 2 basis points. U.S. Treasury yields were lower on Thursday as investors looked ahead to key economic data and assessed the state of the economy. Investors awaited key economic data due toward the end of the week, with the latest personal consumption expenditures price index figures due Friday. Policymakers have in recent weeks indicated that interest rate cuts may be a while off, with Minneapolis Fed President Neel Kashkari telling CNBC that it could take "many more months of positive inflation data" before he would support rate cuts.
Persons: Neel Kashkari Organizations: U.S, Treasury, Investors, PCE, Federal, Minneapolis, CNBC
10-year Treasury rises as investors weigh state of economy
  + stars: | 2024-05-29 | by ( Sophie Kiderlin | In | ) www.cnbc.com   time to read: +1 min
ET, the yield on the 10-year Treasury was up by over two basis points to 4.5639%, holding above the 4.5% mark it initially crossed Tuesday. The 2-year Treasury yield was last less than one basis points higher to 4.9580%. U.S. Treasury yields were higher on Wednesday as investors considered the state of the economy and digested a weak auction on the five-year note. Yields climbed higher Tuesday after a Treasury Department auction of 5-year notes worth $70 billion saw weak demand. Investors also considered how the economy is faring and awaited fresh economic data due throughout the week which could inform Federal Reserve policymaking.
Persons: Neel Kashkari Organizations: Treasury, U.S, Treasury Department, Federal, Minneapolis, Tuesday, CNBC, Fed
An Airbus A350-941 from Singapore Airlines is preparing to take off on the runway at Barcelona-El Prat Airport in Barcelona, Spain, on May 1, 2024. The Singapore Airlines flight that encountered severe turbulence on its way from London to Singapore dropped 54 meters in less than five seconds, preliminary findings released Wednesday showed. The Transport Safety Investigation Bureau of Singapore said the sharp altitude drop as well as changes to gravitational forces likely caused the injuries. This sequence of events likely caused the injuries to the crew and passengers," the report said Wednesday. The changes in gravitational forces "likely resulted in the occupants who were not belted up to become airborne," the report said.
Organizations: Airbus, Singapore Airlines, El, Transport Safety Investigation Locations: Barcelona, Spain, London, Singapore
A trader works as a screen displays the trading information for GameStop on the floor at the New York Stock Exchange on May 15, 2024. GameStop shares rose 25% in premarket trading on Tuesday after the company on Friday announced that it had made around $933 million from a stock sale. Shares in the videogame retailer were up 25.11% at 6:43 a.m. ET in the U.S. Markets are set to re-open on Tuesday after remaining closed on Monday for Memorial Day. GameStop said on Friday it made close to $933.4 million by selling 45 million common shares.
Persons: GameStop Organizations: GameStop, New York Stock Exchange, U.S . Locations: U.S
CNN —As many as 2,000 people are feared to have been buried by last week’s massive landslide in Papua New Guinea, according to the country’s National Disaster Centre, as survivors recounted the horror losing so many loved ones. The landslide occurred in the mountainous Enga region in northern Papua New Guinea on Friday and the latest missing figure is a sharp rise from earlier estimates. Mohamud Omer/International Organization for Migration/APMiok Michael, a local community leader, told CNN that it was likely there were few survivors. But that may now be a major underestimate according to the latest projection from Papua New Guinea’s disaster agency. “There are no reports of earthquakes at this time but we did have quite a lot of rain and a lot of unseasonal weather happening across Papua New Guinea,” Jensen said.
Persons: Kambu, , , Mohamud Omer, Michael, Laso Mana, Chris Jensen, ” Jensen, Justine McMahon, ” McMahon, Pierre Rognon, it’s, Alan Collins, ” Collins, Jensen, we’ve Organizations: CNN, Disaster, Reuters, International Organization for Migration, United Nations, Mission, National Disaster Centre, UN, World, CARE International, University of Sydney’s School of Civil Engineering, University of Adelaide Locations: Papua New Guinea, Yambali, Highlands, Papua, Kaokalam, Port Moresby
CNN —Twelve people were injured after a Qatar Airways flight from Doha to Dublin was hit with turbulence on Sunday. According to a statement from Dublin Airport, six passengers and six crew members were injured in the incident, eight of which were taken to hospital following assessment. The Qatar Airways flight QR017 experienced turbulence while flying over Turkey, the statement said. It is not yet known what kind of turbulence the Qatar Airways plane experienced. An earlier version also misstated the number of the Qatar Airways flight that experienced turbulence.
Persons: , Paul Williams, ” Williams Organizations: CNN, Qatar Airways, Dublin Airport, Singapore Airlines, University of Reading Locations: Doha, Dublin, Turkey, London, Singapore, United Kingdom
CNN —Alderney, a quiet British island in the English Channel known for its outstanding natural beauty, was once the site of the only Nazi camps on British soil – and a hell on Earth for its thousands of inmates. Stretching for three square miles, the island was occupied by the Nazis for most of World War II. According to Pickles, the lack of records has led to unsubstantiated claims being made about Alderney and the war crimes that took place there. “Prisoners were treated appallingly, and life was cheap, but Alderney did not house a ‘mini-Auschwitz’; there was no extermination centre on the island,” Pickles said. Pickles, meanwhile, said the fact that the perpetrators never faced British justice is a “stain on the reputations of successive British governments.”
Persons: Eric Pickles, , , Carl Court, Pickles, ” Pickles, , Anthony Glees, Glees Organizations: CNN, Nazi, Soviet Union, Research, United Nations, , USSR, Glee Locations: Alderney, Britain, Jersey, Guernsey, British, Europe, Eastern Europe, Soviet, Soviet Union, USSR
Singapore Airlines ranked as the No. Singapore Airlines altered its in-flight seatbelt rules and changed at least one flight route following Tuesday's turbulence incident which led to an emergency landing in Bangkok . The interior of Singapore Airline flight SQ321 is pictured after an emergency landing at Bangkok's Suvarnabhumi International Airport, Thailand, May 21, 2024. Singapore Airlines said in a separate statement that a total of 44 passengers and two crew remain in hospital. Turbulence-related incidents are the most common type of accident suffered by commercial airlines, according to the U.S. National Transportation Safety Board.
Persons: Tuesday's, Bangkok's, CNBC's Sophie Kiderlin Organizations: Singapore Airlines, SIA, CNBC, Singapore Airline, Singapore Boeing, Srinakarin Hospital, Associated Press, AP, U.S . National Transportation Safety, NTSB, Aviation Safety Network Locations: Bangkok, Thailand, London, Singapore, Myanmar, Bengal
Even the roads are buckling, cracking and collapsing, as if in a slow-motion earthquake. And outside a small town called Batagay, deep in the Siberian hinterland, a crater is rapidly opening up — known to locals as the gateway to the underworld. Already more than half a mile deep and about 3,000 feet wide, the Batagaika crater is growing as the ground beneath it melts. The land is belching up the past and swallowing the present — creating a yawning hole even more dizzying than the huge open-pit mines that already scar the Siberian landscape. In Alaska houses in rural villages are sinking into the ground as the shoreline falls into the sea.
Locations: Russia, Batagay, Canada, China, Tibetan, Alaska
"I think the message that's coming through is that they have no idea what's going on," Howard said on CNBC's "Squawk Box Europe" on Wednesday. Fed Governor Christopher Waller on Tuesday said that he needed to see further data evidence that inflation was softening before supporting rate cuts. Waller's comments were echoed by other Fed officials on Tuesday, including Boston Fed President Susan Collins. 'A credibility problem'But Fed officials have not come out with a clear message about their expectations or to address why inflation remains elevated, GAM's Howard said. "And now [policymakers] think inflation is coming down but its not coming down fast enough," he said.
Persons: Valerie Plesch, Julian Howard, Howard, Christopher Waller, Waller's, Susan Collins, GAM's Howard, They've Organizations: Eccles Federal, Bloomberg, Getty, Federal, GAM, Fed, Peterson Institute for International Economics, Boston Fed, Atlanta Federal Reserve Locations: Washington , DC, U.S, Washington
CNN —Spain, Norway and Ireland have announced plans to formally recognize a Palestinian state, in a move that is likely to bolster the global Palestinian cause but strain relations with Israel. Palestinian statehood has been recognized by more than 130 out of 193 member states of the United Nations, according to the Palestine Liberation Organization. “Today, Ireland, Norway and Spain are announcing that we recognize the state of Palestine. Each of us will now undertake whatever national steps are necessary to give effect to that decision,” Irish Prime Minister Simon Harris told a news conference in Dublin on Wednesday. The landmark decision by three key European players sparked swift condemnation from Israel, with a senior lawmaker ordering the immediate recall of Israeli ambassadors to Ireland and Norway.
Persons: Simon Harris, Micheál Martin, Jonas Gahr Støre, ” “, ” Støre, Pedro Sánchez, , , “ It’s, It’s, Israel Katz, Katz Organizations: CNN —, United Nations, Palestine Liberation Organization, , Norway’s, Spain’s, Terrorism Locations: CNN — Spain, Norway, Ireland, Palestinian, Israel, Spain, Palestine, Dublin, Gaza, Iran
ET, the 10-year Treasury yield was up by over two basis points to 4.4374%. The 2-year Treasury yield was last at 4.8626% after rising by nearly three basis points. U.S. Treasury yields were higher on Wednesday as investors considered the latest comments from Federal Reserve speakers about the outlook for inflation and interest rates. A series of Fed officials on Tuesday urged patience when it comes to rate cuts as inflation remains above the Fed's 2% target. On Wednesday, further Fed officials are set to give remarks and minutes from the central bank's latest meeting are due to be released.
Persons: Christopher Waller, Susan Collins, Raphael Bostic Organizations: U.S, Treasury, Federal Reserve, Boston Fed, Atlanta Fed
The two had been close enough that the roommate had come to the bar mitzvah of Ms. Fisher’s brother. Ms. Fisher thought she had been careful to avoid inflammatory posts, but the roommate, Ms. Fisher said, accused her of racism. Around the same time, Ms. Fisher noticed something else strange. When they were in the same room, Ms. Fisher said, the big wouldn’t make eye contact with her. Ms. Fisher said that her big often posted about Students for Justice in Palestine, the campus group that Columbia had suspended in November for violating campus policies.
Persons: Sophie Fisher, Fisher, Fisher’s, , Organizations: Barnard College, for Justice, Columbia Locations: Israel, Palestine, Gaza
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