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☆ Glory days for automakers like Ford, General Motors in China are over
▼ + stars: | 2024-09-03 | by ( Hanna Ziady | ) edition.cnn.com time to read: +10 min

London CNN —Foreign automakers have dominated China’s car market for decades, selling millions of vehicles and raking in enormous profits. Ford (F) and General Motors (GM) are also among firms seeing sales and market share vanish in China as local consumers spurn overseas brands to buy Chinese instead. The American automaker’s sales in China have halved from a peak of above 4 million in 2017 to 2.1 million last year. Last year, BYD sold a record 3.02 million vehicles globally, including plug-in hybrids, up 62% from 2022. Months later, Stellantis (STLA), which makes Citroen, Fiat, and Peugeot cars, bought a 20% stake in Chinese EV maker Leapmotor for about €1.5 billion ($1.7 billion).

Persons: Arno Antlitz, GM’s, Mary Barra, ”, Michael Dunne, Dunne, Xi Jinping’s, Tesla, Yilei Sun, Reuters Tesla, Li, Tu Le, Le, BYD, ” Dunne, Raul Bravo, Stellantis, “ Organizations: London CNN — Foreign, Volkswagen, Wolfsburg, Toyota, General Motors, China Passenger Car Association, Foreign, Japan’s Mitsubishi Motors, Honda, Hyundai, Ford, GM, EV, Tesla, Yilei, Reuters, International Energy Agency, “, CNN, Visitors, Automotive, Xinhua, Shutterstock, Auto, “ Global, UBS, Port, Citroen, Fiat, Peugeot, Leapmotor, Hedin Locations: China, London, Germany, Europe, American, Shanghai, Tesla's Shanghai, Beijing, EVs, Japan, North America, San Antonio, Chile, Chilean, AFP, Xpeng, Thailand, Hungary

☆ Why Malbon Golf welcomed the ‘sweatergate’ social media firestorm
▼ + stars: | 2024-08-30 | by ( Jack Bantock | ) edition.cnn.com time to read: +15 min

The couple’s lifestyle brand, Malbon Golf, had been swept into a social media storm by an eye-catching Masters outfit donned by ambassador and former world No. Nicolas Malinauskas/Malbon GolfStarsThe duo launched Malbon Golf in 2017, with Stephen’s anthropomorphic ball character “Buckets” taking center stage as the brand’s logo. Ross Kinnaird / Getty Images Tom Holland: Part-time web-slinger, full-time golf swinger -- the "Spider-Man" lead is a self-confessed golf addict. Warren Little / Getty Images Stephen Curry: The three-point king of the NBA is also a highly-proficient par-three shooter. Jamie Squire/Getty ImagesFor Malbon Golf, it is simply the latest step in its aim to “condition” the golf world into accepting new styles in the game.

Persons: Stephen, Erica Malbon, Jason Day, Erica, Frank151, —, ’ ”, “, ’ ” Stephen, Nicolas Malinauskas, it’s, ” Erica, “ We’re, — there’s, ” Stephen, ”, Jimmy Choo, Dre, Vince Sirico, Justin Timberlake, Travis Scott, Q, Justin Bieber, Bieber, …, ’, That’s, ” Adam Sandler, Sandler, Gilmore, Shooter McGavin, Christopher McDonald, Al Messerschmidt, Michael Jordan, Davis, Jordan, Isaac Brekken, JT strutting, Matt Sullivan, Catherine Zeta, Jones, Michael Douglas, Douglas, Ross Kinnaird, Tom Brady, Brady, Aaron Rodgers, Josh Allen, Patrick Mahomes, Carmen Mandato, Orlando Ramirez, Jessica Alba, tross, Xaume Olleros, Niall Horan, There's, Tom Holland, Warren Little, Stephen Curry, Isaiah Vazquez, Celine Dion, René Angélil, Dion, Sam Levi, Miles Teller, Alice Cooper, Cooper, Kathryn Newton, Newton, Ezra Shaw, Sandy Young, Little, Tiger Woods, Oscar Wilde’s, Woods, Jamie Squire, Allen Iverson Organizations: CNN, “ City of Angels, ”, Nike, Prince, NBA, University of North Carolina, PGA, Chicago, NFL, Mission, Getty, Management, BMW PGA, Golden State Warriors, Clarkson Creative, Club, American, Tahoe, LPGA, Ryder, Celtic, Team, April’s, Augusta National Locations: Augusta , Georgia, Los Angeles, New York, “ City, Florida, British, Alba, Hainan, AFP, Irish, Terrebonne , Quebec, American, Celtic Manor, Wales, Augusta

☆ Venezuela’s Supreme Court certifies Maduro’s claims that he won presidential election
▼ + stars: | 2024-08-23 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +3 min

CARACAS, Venezuela — Venezuela’s Supreme Court has backed President Nicolás Maduro’s claims that he won last month’s presidential election and said voting tallies published online showing he lost by a landslide were forged. The high court is packed with Maduro loyalists and has almost never ruled against the government. Venezuelan Supreme Court of Justice President Caryslia Rodriguez in Caracas on Aug. 22. Gabriel Boric, the leftist president of Chile and one of the main critics of Maduro’s election gambit, lambasted the high court’s certification. “Today, Venezuela’s TSJ has finally consolidated the fraud,” he said on his X account referring to the initials of the high court.

Persons: Venezuela —, Nicolás Maduro’s, Maduro, Caryslia Rodriguez, Federico Parra, Edmundo González, ” González, Maria Corina Machado, Nicolas Maduro, Cristian Hernandez, González, Gabriel Boric, Venezuela’s TSJ, ” Organizations: Venezuela — Venezuela’s, Venezuelan, Getty, United Nations, Carter Center Locations: CARACAS, Venezuela, Caracas, AFP, Venezuelan, North Macedonia, Chile

☆ Menga Dolmen: Engineering behind Neolithic monument revealed
▼ + stars: | 2024-08-23 | by ( Katie Hunt | ) edition.cnn.com time to read: +8 min

CNN —Each of the 32 colossal stones that make up the Menga Dolmen, a 5,600-year-old megalithic monument in southern Spain, is many times bigger than the largest megaliths at Stonehenge, the most famous Neolithic wonder. The upright stones that make up the walls of the chamber were not perfectly vertical, tilting inward at a gentle angle to make the building narrower at the roof than at the floor and creating a trapezoid-shaped chamber. The team calculated that each of the upright stones lean inward at a largely uniform angle of 84 to 85 degrees. The upright stones that form the walls also lean sideways against one another at a consistent angle. The Menga Dolmen sits atop a hill near Antequera, Spain.

Persons: ”, Leonardo García Sanjuán, “, it’s, “ I’d, Mike Parker, Pearson, ” Parker, Pearson wasn’t, José Antonio Lozano Rodríguez, plumb, Miguel Ángel Blanco, García Sanjuán, Parker, Leonardo García, We’ve Organizations: CNN, Boeing, Spain’s University of Seville, University College London, Oceanographic Center Locations: Spain, Europe, Antequera

☆ Burned and uninsured: Wildfires are leaving California’s housing market in trouble
▼ + stars: | 2024-08-18 | by ( Shania Baweja | Taylor Galgano | ) edition.cnn.com time to read: +8 min

That’s made home insurance increasingly unaffordable or even inaccessible – and that’s leaving more people in the same position as the Daneaus. California’s largest insurer, State Farm, requested a 30% rate increase for its homeowner’s line last month. Last year, California Insurance Commissioner Ricardo Lara reached an agreement with insurers with an aim to cover approximately 85% of properties in high-risk areas. “[My insurance plan] wasn’t canceled but my insurance company increased the rates quite a bit,” she said. But he cautioned there’s no guarantee of that, leaving homeowners like the Daneaus grappling with uncertainty.

Persons: Los Angeles CNN —, Michael, Kristy Daneau’s, Kristy, Michael Daneau, Kristy Daneau, That’s, “ We’re, ” Michael, ”, aren’t, Justin Sullivan, California’s, it’s, ” Michael Daneau, Ricardo Lara, Kristy Daneau's, what’s, Steve Hawks, Woolsey, Angela Wilson, LAEPF, Wilson, Brent Woodworth, there’s, “ I’m, we’ve, CNN’s Camila Bernal, Sarah Moon Organizations: Los Angeles CNN, Gas & Electric, Insurance Information Institute, California Department of Insurance, Farm, State, CNN, FAIR, California FAIR, California, Golden State, The Insurance Institute for Business & Home Safety, Institute for Business & Home Safety, for Business & Home, Los, Emergency Preparedness Foundation Locations: Cohasset, California, Paradise , California, Santa Monica, Malibu

☆ Monaco is 1 of 6 locations hosting the star-studded E1 — a race thought ‘impossible’ before it began
▼ + stars: | 2024-08-14 | by ( Marylou Costa | ) www.cnbc.com time to read: +6 min

During the Monaco race on July 28, Bernard d'Alessandri, general secretary and managing director of Yacht Club de Monaco, said E1 showcases new technology for boat racing. "Before E1, it was impossible to have a race with electric boats," he said. Acceptance of electric boating among the eliteRacebird creator Sophi Horne said getting the attention of Monaco's boating elite wasn't easy. Team owners Didier Drogba and Tom Brady speak with Alejandro Agag, co-founder and chairman of the E1 Series, ahead of the E1 race in Venice, Italy — the second of the series. The final two E1 races are scheduled to occur in Lake Como, Italy and Hong Kong.

Persons: Shiv, Bernard d'Alessandri, Akin, Racebird, Rodi Basso, Team Rafa, Rafael Nadal, Basso, Prince Albert II of Monaco, Sophi Horne, Cara Delevingne, Lloyd, Horne, they've, …, Will Smith, Marc Anthony, Tom Brady, Didier Drogba, Virat Kohli, Sergio Perez, Steve Aoki, Marcelo Claure —, Alejandro Agag, Italy —, Daniele Venturelli, Brady, Drogba, Nadal, Carlos Duarte, Racebirds Organizations: Port, Media Monaco, Monaco, Yacht Club de Monaco, Formula, Team, NFL, Getty Locations: Monaco, Saudi Arabia, Racebirds, Venice, Italy, Mallorca, Lake Como, Hong Kong

☆ Jimmy Kimmel explains why he’s not hosting the next Oscars
▼ + stars: | 2024-08-13 | by ( Lisa Respers France | ) edition.cnn.com time to read: +2 min

CNN —Jimmy Kimmel has shared why he recently turned down a request for him to host the Academy Awards next year for a fifth time. “It’s hard and it’s a lot of work and the show suffers a little bit to be honest,” he explained, referencing “Jimmy Kimmel Live.”“When I’m focused on the Oscars, I’m less focused on the show,” Kimmel continued. It was just too much last year.”Kimmel hosted the Academy Awards in 2017, 2018, 2023 and 2024. “You wind up pushing everything off till after the Oscars, and then you have to do everything you promised to do after the Oscars, after the Oscars,” Kimmel said of the gig. They just don’t want to do it.”“They say it’s a thankless job,” Kimmel said of hosting Hollywood’s biggest night.

Persons: Jimmy Kimmel, Gavin Newsom, Marshawn Lynch, Doug Hendrickson, Kimmel, ”, I’m, ” Kimmel, “ I’m, It’s, “, John Mulaney Organizations: CNN, California, NFL

☆ Debby’s aftermath leaves thousands in the dark; threatens more flooding in the Carolinas
▼ + stars: | 2024-08-12 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +5 min

With the ground already saturated from Debby, the National Weather Service said localized downpours could result in additional flash flooding throughout the coastal Carolinas. “Right now, it’s thundering, sprinkling and pretty dark so I’d say it’s going to start raining hard here pretty soon,” she said. Even in drier areas, more than 35,000 homes and businesses in Ohio, New York, Pennsylvania and Vermont still had no electricity as of Sunday afternoon, according to the tracking website PowerOutage.us. Debby’s last day and night over the U.S. inundated parts of New York, Pennsylvania and New England with rain and flash flooding on Friday, prompting evacuations and rescues. Officials announced plans to distribute water bottles and clean-up kits to residents impacted by flash flooding on Sunday and Monday.

Persons: Debby, Chastity Bettis, “, ”, Debby’s, Craig Ruttle, Stacey Urban, ” Urban, hasn’t, “ It’s, …, Marc Rice, Clint Owlett, “ That’s Organizations: PHILADELPHIA, U.S, Florida, National Weather Service, Carolinas, Authorities, Tropical, Post High School, Volunteers, National Hurricane Center, Atlantic, Officials Locations: North Carolina, New York , Ohio, Pennsylvania, East, Canada, Lumberton, N.C, New Bern , North Carolina, South Carolina, Charleston, Charleston County, Chatham County, Ohio , New York , Pennsylvania, Vermont, Ohio, U.S, New York , Pennsylvania, New England, Canistea , New York, Canisteo , New York, New York’s Steuben County, Tioga County

☆ These Pennsylvania voters illustrate Harris’ suburban challenge
▼ + stars: | 2024-08-12 | by ( John King | ) edition.cnn.com time to read: +11 min

“A ‘Never Trump’ Republican,” Carty said. “When Biden was on the ticket, I was going to vote for Trump,” Carty said. “Definitely I have more friends saying they’re leaning toward Harris,” Carty said. “My street was rock-ribbed Republican,” Sabatini said in an interview at her home in Media, Pennsylvania. And I don’t plan to vote for him in 2024.”The question is, will she vote for Harris or cast another write-in ballot?

Persons: Bala, Pennsylvania CNN — Carol Carty, Ronald, Reagan, ” Carty, “, Donald Trump, –, it’s, Hillary Clinton, Joe Biden, Trump, Carty, Biden, …, Kamala Harris, Nikki Haley, Harris ’ ascendance, Carol Carty, CNN “, Carty isn’t, Harris, Ohio Sen, JD Vance, Vance, Walz, “ I’m, ”, she’s, Harris ’, Tim Walz, ‘, Harris Cynthia Sabatini, ” Sabatini, George H.W, Bush, Sabatini, Susan Collins of, ” Biden, Harris “, … There’s, ” Joan London, Haley, London, “ I’ve, Condoleezza Rice, Ann Coulter, Elizabeth Dole, Michael Pesce, ” Pesce, It’s, Pesce, John King, ” Harris Organizations: Pennsylvania CNN, today’s Republican Party, Republican Party, Republican, Democratic, GOP, Trump ’ Republican, Trump, CNN, South Carolina Gov, Reagan Republicans, Republicans, Minnesota Gov, ”, Pennsylvania, White, Democratic Party, Bucks County . CNN Locations: Bala Cynwyd, Pennsylvania, Philadelphia, Montgomery County, Bala, Harris . Pennsylvania, Shore of Maryland, Delaware County, Media , Pennsylvania, Susan Collins of Maine, London, Berks County, Republican County, Newtown, Bucks County, Bucks County .

☆ Vance looks to turn tables on Walz
▼ + stars: | 2024-08-11 | by ( Eric Bradner | ) edition.cnn.com time to read: +9 min

“Tim Walz gave his wife a nice, firm Midwestern handshake, and then tried to sort of awkwardly correct for it,” Vance said. Vance said “of course” he acknowledges the families of Harris and Buttigieg, and argued his comments were taken out of context. The Ohio senator said Republicans’ goal is to contrast the policies Trump stood for during his term in office with those of the Biden-Harris administration. “I think all President Trump was saying was that look, it’s kind of weird that you have so many bureaucrats making so many important decisions. “And I think that’s what President Trump was getting at.

Persons: Vance, Tim Walz, CNN’s Dana Bash, Walz, Kamala Harris, he’d, “ Tim Walz, ” Vance, “, ”, Dana, doesn’t, Walz “, Walz —, Harris, —, Donald Trump, Pete Buttigieg, Buttigieg, Trump, Joe Biden’s, ’, Joe Biden, Harris “, Joe Biden doesn’t, Walz misspoke —, I’m, Tim Walz’s, “ It’s, Doug Julin, CNN’s Laura Coates, Julin, “ I’m, Tim Walz didn’t, Kate Cox, … You’ve, Harris –, India – Vance, “ She’s, hasn’t Organizations: CNN, Republican, Democratic, MSNBC, Union, Transportation, Trump, Biden, Biden White, Army National Guard, Congress, Federal, National Association of Black Journalists Locations: Minnesota, Ohio, Philadelphia, “ State, United States, Milwaukee, Italy, Afghanistan, Iraq, Texas, Jamaica, India

☆ Inflation comes for your oysters
▼ + stars: | 2024-08-11 | by ( Erika Tulfo | ) edition.cnn.com time to read: +4 min

Wholesale oyster prices soared to triple digit highs in 2022 and only began coming down late last year. The sheer lack of wild-caught oysters is the biggest supply issue underlying market fluctuations, and industry experts say the problem can be traced back more than 10 years. Branch estimates that up to 60% of the current oyster supply comes from farms — a near-complete turnaround from 20 years ago, when 70% of oysters were wild-caught. Qiu echoed Branch’s assessment, adding that the remaining wild oyster reefs are only a small fraction of their historic numbers. “Climate change is making growth really difficult to be consistent … there’s just a whole lot of things that can go wrong with farming oysters,” Qiu said.

Persons: that’s, ”, Julie Qiu, Wells Fargo, “ We’ve, David Branch, Qiu, ” Qiu, Gen Z, “ Organizations: New, New York CNN, US Federal Reserve, Food Institute, Branch Locations: New York, Wells Fargo, New York City, Wells, Gulf of Mexico, Louisiana, —

“Any assessment that Iran is assigning lethal operations to a ‘B team’ misses the utility of nonofficial actors," said Roule, currently affiliated with United Against Nuclear Iran. Officials say they see no connection between that plot and the shooting of Trump in Pennsylvania by a local resident who had researched mass shootings and political assassinations. In 2021, the Justice Department charged four alleged Iranian intelligence operatives with trying to kidnap Masih Alinejad. “We have said many times that we have been tracking Iranian threats against former politicians,” she said this week. Neither President Joe Biden nor Vice President Kamala Harris has commented on the alleged Iranian assassination plots.

Persons: ”, Kenneth Katzman, don’t, “, ” Katzman, “ There’s, they’ve, Norm Roule, ’, Roule, aren't, Asif Merchant of, Donald Trump, John Bolton, Qassem Soleimani, New York —, Masih Alinejad, Alinejad, General Merrick Garland, we’ve, Steven M, Bolton, Biden, it’s, It’s, —, Jake Sullivan, Sean Savett, … The, Harris, White, Karine Jean, Pierre, “ We’ve, Qassem, …, Biden’s, John Kirby, ” Adrienne Watson, Joe Biden, Kamala Harris, Trump, Mike Turner Organizations: FBI, Soufan Center, Congressional Research Service, CIA, United Against Nuclear, Iran’s Revolutionary, Quds Force, Administration, D.C, Justice Department, Eastern, NBC News, Roule, Bolton, National Security Council, … The Biden, NBC, ., White, Indian, ” Locations: Iran, United States, U.S, U.S . Iran, United Against Nuclear Iran, Asif Merchant of Pakistan, Texas, Trump, Pennsylvania, Saudi, Washington, New York, Brooklyn , New York, Bolton, Tehran, Europe, Canada

☆ This remote, mystical forest has been protected for centuries. Now it’s under threat
▼ + stars: | 2024-08-09 | by ( Nell Lewis | ) edition.cnn.com time to read: +17 min

He and most of the community believe it is their duty to protect it – and in turn, they believe the forest will protect them. In photos: The plants and animals of Naimina Enkiyio Prev NextShared landIn a shady clearing, a group of Maasai elders sit in a circle on the grass. Peter Achammer/Helicopter Charter EA Ltd.For centuries, local communities have protected the forest, but today they are facing new threats. As the culture modernizes, Maasai elders fear this will be forgotten. “We shall protect the forest so that we retain this fresh air for our communities and also everyone in the world,” he says.

Persons: CNN — Naimina, Ntirua, Obibi, ”, Nell Lewis, CNN Ntirua Koikai, Enkiyio, Mara, Rob O’Meara, Sarah, Kirk's dik, dik, Peter Achammer, Ole Koikai, Ntirua Koikai, Mbuvi Musingo, “, O’Meara, “ We’re, Josephat Olokula, sparky, you’re, “ I’m, Ntasikoi Oloimoeja, Oloimoeja Organizations: CNN, Initiative, Hansen Global, Forest Guardians, Guardians, Government, Helicopter Charter EA, Kenya Forestry Research Institute, ” Locations: “, Kenya, Nairobi, Mara, Narok

☆ Why Jay Powell refuses to be bullied by Wall Street
▼ + stars: | 2024-08-08 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

The whole episode underscored a fundamental tension between the Fed, which is focused on economic stability, and Wall Street, which is focused on profit. The message from Powell and other policymakers is clear: We won’t be strong-armed by Wall Street. The BOJ’s deputy governor, Shinichi Uchida, citing volatility in financial markets, said the bank would not raise its policy interest rate as long as markets remain unstable. Powell (formerly in finance, hazel eyes, great ties) appears to have a real opportunity to Volcker it up even more in the coming weeks. That gives Wall Street plenty of time to sit in the corner and deal with its feelings.

Persons: CNN Business ’, Summer, Tim Walz’s, Jerome Hayden Powell, Here’s, Powell, ”, Powell’s, It’s, Paul Volcker fanboy, Shinichi Uchida, Mohamed El, “, Volcker, quieting, Powell isn’t Organizations: CNN Business, New York CNN, Finance, Federal, Stock, CNBC, Wall, Bank of Japan, Bloomberg Locations: New York, FiDi, Powell, Japan

☆ Catalan separatist Carles Puigdemont returns to Spain after seven years, risking arrest
▼ + stars: | 2024-08-08 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +4 min

BARCELONA, SPAIN - AUGUST 08: Former Catalan President Carles Puigdemont makes his first public appearance since he fled Spain in 2017, speaking at a public rally in Barcelona, Spain on August 08, 2024. Catalan police had the order to arrest him immediately, but Puigdemont managed to speak for several minutes outside of the Catalan parliament. (Photo by Adria Puig/Anadolu via Getty Images)Former Catalan separatist leader Carles Puigdemont returned to Spain after seven years of self-imposed exile, defying a pending arrest warrant and igniting a police manhunt. A Catalan Interior Ministry spokesperson confirmed to Reuters that the separatist politician has yet to be captured. Illa's platform won the largest share of the vote in the Catalan elections of May, dethroning Puigdemont's hardline separatist Junts per Catalunya party.

Persons: Carles Puigdemont, Puigdemont, Adria Puig, Salvador Illa, dethroning, Ignacio Garriga —, Pedro Sanchez, Sanchez, Alberto Nunez Feijoo, Bill Organizations: Anadolu, Getty Images, CNBC, Interior Ministry, Reuters, Spanish, Government, Socialist Locations: BARCELONA, SPAIN, Spain, Barcelona, Catalonia, Spanish, Catalan, Catalonian, Catalunya

☆ Archaeologists uncover ancient pot of gold
▼ + stars: | 2024-08-08 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +5 min

Researchers discovered the stash in Notion, an 80-acre fortified city that was occupied from about the sixth century BC to the first century AD. “No one ever buries a hoard of coins, especially precious metal coins, without intending to retrieve it. One gold coin would have been the equivalent of a month’s salary for a mercenary soldier, according to the University of Michigan. Those were known as Persian silver sigloi, 20 of which would equate to one gold coin. Because of the gold coin’s high value, “it was far more efficient to store wealth in gold coins than in silver,” he added.

Persons: ”, Christopher Ratté, “, Alexander the, Persian King Darius, Peter van Alfen, ” van Alfen, Ratté, van Alfen, Herodotus Organizations: CNN, University of Michigan, American Numismatic Society, Spartan Locations: Turkey, Persian, Persia

☆ Jeremy Siegel backs off on calls for the Fed to do an emergency interest rate cut
▼ + stars: | 2024-08-08 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Wharton School Professor Jeremy Siegel no longer thinks it's vital for the Federal Reserve to implement an emergency interest rate reduction, but still wants policymakers to cut quickly and aggressively. "Obviously, I wanted to shake things up," Siegel said of his call for an intermeeting move. However, those expectations have been volatile as investors watch how quickly the Fed thinks it should ease policy. An emergency cut under these circumstances is "just not the way Jay Powell does things," Siegel said. "But Jay Powell has done things way too slow, certainly on the way up, and I just want to make sure he doesn't make the same mistakes on the way down."

Persons: Jeremy Siegel, Siegel, Jerome Powell, Powell, Jay Powell Organizations: Wharton, Federal Reserve, CNBC Locations: WisdomTree

☆ ‘We shoot first, ask questions later’: Why some Israeli reservists refuse to go back to Gaza
▼ + stars: | 2024-08-06 | by ( Zeena Saifi | Jeremy Diamond | ) edition.cnn.com time to read: +9 min

CNN —Every day for two months, Michael Ofer Ziv spent hours watching grainy, black-and-white footage of the Gaza Strip from a tiny room across the border. CNN has reached out to the Israeli military for comment on his claims. Green said he felt his role was to protect the civilians who had been attacked on October 7 and thought the Israeli military would go in and target Hamas. Yuval Green‘Losing so much’Reservists who refuse to serve again, like Ofer Ziv and Green, could face serious consequences. Yuval GreenDespite the risks, both Green and Ofer Ziv are committed to their decision.

Persons: Michael Ofer Ziv, ”, Ofer Ziv’s, ” Michael Ofer Ziv, Ofer Ziv, ” Ofer Ziv, “, Hatem Khaled, ‘, Yuval Green, Green, … we’ve, Khan Younis, Yuval Green ‘, Michael Sfard, Sfard, ” Sfard, refuser, ” Yuval Green, he’s, …, … we’re Organizations: CNN, Israel Defense Forces, IDF, Reuters, West Bank Locations: Gaza, Tel Aviv, Israel, Rafah, Khan, …

☆ CNBC Daily Open: Dow sheds 1,000 points
▼ + stars: | 2024-08-06 | by ( Abid Ali | Kevin Lim | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wall Street sinksThe Dow Jones Industrial Average and the S&P 500 suffered their sharpest declines in nearly two years, as growing concerns about the U.S. economy rocked global stock markets. The Dow plummeted over 1,000 points, while the S&P 500 and Nasdaq Composite fell 3% and 3.4%, respectively. Wharton finance professor Jeremy Siegel urged the Federal Reserve to make an emergency 75-basis-point cut in the federal funds rate following Friday's disappointing jobs data. [PRO] Don't panicDespite a global stock market rout, several investors and strategists advised against panicking at this point.

Persons: Berkshire Hathaway, Amit Mehta, Wharton, Jeremy Siegel, Siegel, Austan Goolsbee, Goolsbee, CNBC's, cryptocurrencies, Bitcoin, bitcoin, Nexo, Antoni Trenchev, panicking Organizations: CNBC, Dow Jones Industrial, Dow, Nasdaq, Tech, Nvidia, Tesla, Berkshire, Google, Department of Justice, Federal Reserve, Chicago Federal, bitcoin Locations: U.S

☆ Elon Musk revives lawsuit against OpenAI and Sam Altman in federal court
▼ + stars: | 2024-08-05 | by ( Arjun Kharpal | Arjun Kharpal Is A Senior Correspondent For Cnbc In London. | ) www.nbcnews.com time to read: +2 min

Elon Musk has revived a lawsuit against Sam Altman in federal court, alleging that the Tesla boss was manipulated into co-founding OpenAI, according to a court filing published Monday. The claims in the new lawsuit are similar to another lawsuit filed by Musk against OpenAI and Altman in California this year, which the Tesla and SpaceX boss ultimately dropped. But as it turns out, this was all hot-air philanthropy—the hook for Altman’s long con,” the lawsuit claims. CNBC has reached out to Tesla, OpenAI and Microsoft for comment. “Over the course of the next few years and continuing to today, Microsoft methodically entrenched itself further into OpenAI,” the lawsuit alleges.

Persons: Elon Musk, Sam Altman, Tesla, “, ”, Altman, Greg Brockman, Musk, Brockman, ” “ Altman, Microsoft “, Satya Nadella Organizations: Microsoft, OpenAI, SpaceX, CNBC, Inc Locations: California, Northern California, OpenAI

☆ Egypt’s first pyramid constructed using a hydraulic lift, study says
▼ + stars: | 2024-08-05 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +11 min

Now, a team of engineers and geologists brings a new theory to the table — a hydraulic lift device that would have floated the heavy stones up through the middle of Egypt’s oldest pyramid using stored water. Water from ancient streams flowed into a system of trenches and tunnels that surrounded the Step Pyramid, according to the study team. The shaft within the Step Pyramid is connected to a 200-meter-long (656-foot-long) underground tunnel that connects to another vertical shaft outside the pyramid. Conversely, a moderate-sized hydraulic lift can raise 50 to 100 tons. “It doesn’t mean (the hydraulic lift device) wasn’t used,” she added.

Persons: Pharaoh Djoser, ”, Dr, Xavier Landreau, aren’t, David Jeffreys, Paleotechnic, Guillaume Piton, Judith Bunbury, rainier, Jeffreys, Fabian Welc, Stefan Wyszynski, Welc, ” Welc, King Djoser, Landreau, University of Cambridge geoarchaeologist, ” Bunbury Organizations: CNN, University College London, France’s National Research Institute for Agriculture, Food, Institute of Environmental Geosciences, University Grenoble Alpes, University of Cambridge, of Archaeology, Stefan Wyszynski University Locations: Egypt, Paris, London, Old, Old Kingdom, Kingdom, Moat, Warsaw, Poland, Saqqāra, Giza, University of Cambridge geoarchaeologist Bunbury

(This is CNBC Pro's live coverage of Monday's Wall Street chatter as global markets sell off. — Lisa Kailai Han 7:02 a.m.: How long sell-offs typically last Bad news: The current market sell-off may have further to go. — Lisa Kailai Han 6:09 a.m.: Oppenheimer's Stoltzfus: Best to not 'jump to conclusions' Investors need to have a cool head as global markets sell off, according to Oppenheimer's John Stoltzfus. — Fred Imbert 5:51 a.m.: Global markets in an 'aggressive risk-unwind', Vital Knowledge says Fears of a U.S. recession are pressuring global markets, leading investors around the world to sell some of this year's top winners, according to Adam Crisafulli of Vital Knowledge. "Markets are caught in an aggressive risk-unwind as equities plunge around the world, with tech getting hit particularly hard," he wrote in a note Monday.

Persons: Wharton's Siegel, Jeremy Siegel, CNBC's, Siegel, hasn't, it's, … They're, —, Lisa Kailai Han, Tom Lee, Lee, Duncan Toms, Toms, Fred Imbert, Victoria Greene, Greene, It's, Nimrit Kang, — Lisa Kailai Han, Dan Ives, Gene Goldman, Gennadiy Goldberg, Ives, Goldman, Goldberg, Oppenheimer's John Stoltzfus, Evercore, Ed Hyman, Hyman, Adam Crisafulli, Crisafulli Organizations: CNBC, Stock, Nikkei, Dow Jones Industrial, Nasdaq, Wharton, Federal Reserve, Fundstrat Global, HSBC, G Squared, Wealth, NorthStar Asset Management, Street, Wedbush, TD Securities, Federal, NASDAQ, U.S, Fed, Global Locations: U.S, Europe, Japan, China

☆ Cindy Ngamba wins first ever medal for Refugee Olympic Team
▼ + stars: | 2024-08-04 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —The Olympic Games is bound up with questions of nationality, with crowds waving a kaleidoscopic collage of different flags and national anthems playing for every gold medal winner. Except it was the Refugee Olympic Team crest that Ngamba held up as she celebrated the historic achievement of becoming their first ever medal-winning athlete after winning her women’s middleweight quarterfinal and guaranteeing herself a place on the podium. Ngamba was born in Cameroon and moved to the UK aged 11, where she now trains, but represents the Refugee Olympic Team, which has allowed refugee athletes to compete at the Games since 2016. Peter Cziborra/Reuters“I’m so grateful,” Ngamba told Eurosport after her fight. “I’m over the moon, I had my refugee team, the crowd, France and Paris team, and everyone in my family to come and support me.

Persons: Cindy Ngamba, France’s Davina Michel, Ngamba, Michel, Peter Cziborra, Reuters “, ” Ngamba, “, ”, they’ve Organizations: CNN, Refugee, Refugee Olympic, Games, Reuters, Eurosport, Paris, Team, Olympic Team, Olympics Locations: Cameroon, France, London

☆ These vision-impaired Olympic stars rely on a ‘sixth sense’ when they compete
▼ + stars: | 2024-08-04 | by ( Maya Davis | ) edition.cnn.com time to read: +14 min

Nedoroscik is not the only Olympic athlete with vision impairment excelling in their sport. “For an athlete with a visual impairment, they might have better proprioception, a better vestibular system or better audition. A new superpowerOlympic athletes with vision impairment have shown that you don’t need 20/20 vision to get the job done. USA Goalball National Team Athlete and 4x Paralympian Tyler Merren says the only difference between a "Paralympic athlete and an able-bodied athlete" is the disability. “All of these athletes are so empowering to kids like my patients, who can see [visual impairment] is not limiting them.

Persons: Stephen Nedoroscik, Daniel Wiffen, Rebeca Andrade, Nedoroscik, ”, NBC’s, Becky Sauerbrunn, goalball, Tyler Merren, Merren, “, I’m, Rupa Wong, Daniel Wiffen of, Ueslei Marcelino, Gordon Waddington, Wong, it’s, Fabrice Sarlegna, Aristotle, Jamie Squire, ” Wong, Goalball, Kiyoshi Ota, It’s, Clark Kent, Leonardo da Vinci, ” Merren, Dr, Sanjay Gupta, “ We’re Organizations: CNN, Saturday’s, Paris Games, US, Honolulu Eye Clinic, American Academy of Ophthalmology, Reuters, University of Canberra Research, Sport, Australian Institute of Sport, French National Centre for Scientific Research, Aix Marseille University, Team Brazil, Olympic Games, Bercy Arena, Olympic, International Paralympic, Team Japan, Tokyo, of Blind, US Association of Blind Athletes, Get CNN, CNN Health, “ Locations: Brazil, Honolulu, Paris, France, Waddington, goalball, Chiba, Japan, USA

☆ Olympics 100-meter final: Welcome to the the most intimidating start line in sports
▼ + stars: | 2024-08-03 | by ( George Ramsay | ) edition.cnn.com time to read: +8 min

“I think it was the worst pressure you could ever be put under,” British former sprinter Allan Wells, who won 100m gold at the 1980 Moscow Olympics, told CNN Sport. “You run through it in your head thousands of times – the start, the gun going off,” Wells added. “It was the worst feeling you could ever have but still be in control of what you were hoping to achieve,” said Wells, one of only three British sprinters to win 100m gold at the Olympics. The legendary Bolt, winner of three consecutive 100m gold medal between 2008 and 2016, said that he would try not to overthink things. Bolt was famously relaxed on the start line, fist-bumping race officials and playing up to the crowd with gestures and poses.

Persons: crouch, Allan Wells, ” Wells, – you’ve, you’ve, Zharnel Hughes, cramping, Hughes, ”, Wells, Bolt, ” Donovan Bailey, Canada’s, ’ That’s, ” Bailey, Bailey, Michael Johnson, ’ ” Donovan Bailey, John Giles, Noah Lyles, “ Noah, ” Jo Brown, Lyles, “, Brown, she’s, “ They’ll, ‘, ” Noah Lyles, Yu, Christian Petersen, Kishane Thompson, Ferdinand Omanyala –, Sha’Carri Richardson, Shelly, Ann Fraser, Pryce, “ It’s Organizations: CNN, Paris ’ Stade de France, CNN Sport, Olympics, NBC, Olympic, Olympic Games Locations: British, Tokyo, Atlanta, Seville

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