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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSpot ether ETFs could be part of a political shift tied to crypto: Galaxy Digital's Alex ThornAlex Thorn, head of research at Galaxy Digital, reacts to the House passing a crypto regulatory framework bill. He also provides his expectations ahead of a decision from the SEC on spot ether ETFs.

Persons: Alex Thorn Alex Thorn Organizations: Galaxy Digital, SEC

☆ South Africa elections: A guide and everything you need to know
▼ + stars: | 2024-05-22 | by ( Sarah Dean | David Mckenzie | ) edition.cnn.com time to read: +6 min

Johannesburg, South Africa CNN —South Africans go to the polls on May 29 for what will likely be the most pivotal general election since the end of apartheid. This is the seventh general election South Africa has held since the end of white minority rule 30 years ago. South Africa general election 101 • South Africa uses a “proportional representation” system. This year South Africa received its lowest score on Transparency International’s Corruption Perception Index. Democratic Alliance (DA) party leader Johan Steenhuisen speaks to supporters during a party event on May 9, 2024, in Soweto, South Africa.

Persons: Nelson Mandela, Cyril Ramaphosa, Jacob Zuma, What’s, Ramaphosa –, –, “, Ramaphosa, ”, John Steenhuisen, Johan Steenhuisen, Anders Pettersson, Zuma, Julius Malema, Malema, Floyd Shivambu, Steenhuisen Organizations: South Africa CNN, National Congress, ANC, Independent Electoral, •, “, Democratic Alliance, White South, Party Charter, uMkhonto weSizwe Party, Economic, Fighters, EFF, MK, Finance, Constitutional, Social Research Foundation Locations: Johannesburg, South Africa, Africa, China, Cuba, Soweto

☆ Jim Cramer points to new, 'very bullish' signs that Apple's China business is on the mend
▼ + stars: | 2024-05-21 | by ( Paulina Likos | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer sees Apple 's China business coming back — pointing to stronger monthly App Store numbers, due to activity in the world's second-largest economy. "This is very bullish," Cramer said Tuesday, reacting to Morgan Stanley data showing a mild acceleration of overall App Store growth in May to 11.7% year over year. As China drives more Apple services growth, Cramer said the "bull case of China being back" gains merit. Earlier this month, Apple delivered record quarterly revenue in high-margin services and guided a double-digit rate of growth for the June quarter. A potential catalyst for Apple stock could be next month's Worldwide Developers Conference.

Persons: CNBC's Jim Cramer, Apple, Cramer, Morgan Stanley Organizations: Apple, Club, That's Locations: China

☆ Jacob Zuma not eligible to run for parliament, South Africa’s top court says
▼ + stars: | 2024-05-20 | by ( David Mckenzie | ) edition.cnn.com time to read: +2 min

Johannesburg, South Africa CNN —South Africa’s apex court has ruled that former president Jacob Zuma is not eligible to run for parliament in next week’s critical general election. He was found guilty of contempt of court by the same constitutional court for his refusal to testify to an anti-corruption commission. It is that sentence that barred him from running, the court ruled on Monday. A contempt of court sentence is an extremely important sentence, and it is a sentence that cannot be treated lightly. While the court ruled that Zuma is not eligible to run for MP, his party will still contest the election and his face will remain on the ballot.

Persons: Jacob Zuma, Zuma, “, ”, Leona Theron, Neeshan Balton, Ahmed, Nelson Mandela Organizations: South Africa CNN, National Congress, ANC, WeSizwe Party, CNN Locations: Johannesburg, South Africa, KwaZulu, Natal

☆ Nvidia and 2 other portfolio stocks report earnings next week. Here's what we want to see from each
▼ + stars: | 2024-05-18 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

All three major averages closed higher for the week, driven by softer retail sales and consumer price data for April. And the data has been mostly good, with 78% reporting a positive earnings surprise and 60% delivering a positive sales surprise. But we will get earnings from three portfolio companies, including one of our two "own, don't trade" stocks. In the week ahead, three portfolio companies will report results, while it will be fairly slow for economic data, except for a couple of housing reports. Earnings : After a week without earnings from any Club stocks, we'll get three this coming week.

Persons: Dow Jones, Dow, we'll, TJX, Blackwell, Li Auto, James Hardie, Ralph Lauren Corporation, Booz Allen, Jim Cramer's, Jim Cramer, Jim, Jensen Huang, Justin Sullivan Organizations: Wall, Federal Reserve, Dow, Nasdaq, CPI, Palo Alto Networks, Palo, TJX Companies, Nvidia, Nexxen, Alto Networks, Video Communications, Trip.com, James Hardie Industries N.V, Nordson Corp, Keysight Technologies, ZIM Integrated Shipping Services, Lowe's Companies, Eagle Materials, Toll, ViaSat, Urban Outfitters, Target Corp, Devices, Dorian LPG, Dycom, Golden Ocean Group, Petco, Wellness Company, Sonoma, WSM, VF Corp, Star Bulk Carriers Corp, LiveRamp Holdings, Chemical & Mining Co, Grupo Supervielle S.A, BJ's Wholesale, Technologies, TD Bank Group, Intuit, Ross Stores, Booz Allen Hamilton Holding, Mesa Laboratories, Jim Cramer's Charitable, CNBC, Intelligence, SAP Center Locations: Palo Alto, Williams, Chile, San Jose , California

☆ David Einhorn was once the young thorn in the side of executives. Now he's dealing with his own.
▼ + stars: | 2024-05-17 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewIn 1996, David Einhorn founded Greenlight with less than $1 million in capital — a good chunk of which came from his parents — at the precocious age of 27. And now the 55-year-old is dealing with something he once was: a thorn in the side. Fishback sued his old firm for defamation in October, which is now in arbitration, according to a person familiar with the case. Thursday, Fishback said he was invited to debate Tesla with his old boss, saying Einhorn didn't understand Musk's company's "core value driver" of autonomy.

Persons: —, David Einhorn, sayer, sneering, Elon Musk, Einhorn, He's, year's Sohn, James Fishback, Fishback's, Fishback, Greenlight, Pharma Bro, Martin Shkreli, — Fishback, Tesla, Fishback —, Free Press —, I'm Organizations: Service, Business, Lehman Brothers, Allied, Tesla, Pharma, Free Press Locations: —, New York, Bari

☆ Trump asked top oil execs for $1 billion campaign cash in exchange for environmental policy rollbacks, report says
▼ + stars: | 2024-05-12 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +4 min

The transactional campaign promise indicates what a second Trump presidency would mean for the White House's environmental agenda. Pornsak Na Nakorn/EyeEm/GettyWhile Biden has positioned the climate crisis as an existential threat and championed aggressive environmental regulations, Trump has dismissed it as a hoax and systematically dismantled environmental protections during his tenure. Related storiesSince taking office in 2021, Biden has swiftly reversed many of Trump's environmental actions, including blocking future oil drilling in the Alaskan Arctic. However, despite oil industry grievances over Biden's policies, the US has experienced record oil production, leading to substantial profits for major energy companies like ExxonMobil and Chevron, said The Post. As the campaign trail heats up, Trump's message to the oil industry remains clear: support him, and he'll deliver on their demands.

Persons: —, Donald Trump, Joe, Trump, Getty, Biden, BI's Benji Jones, he'll Organizations: Service, Lago Club, The Washington Post, Business, Democratic, Post, Keystone XL, ExxonMobil, Chevron, Trump, Fox News, Iowa Locations: Gulf of Mexico

☆ The Met Gala’s Strange but Fitting Literary Inspiration
▼ + stars: | 2024-05-06 | by ( Jim Windolf | ) www.nytimes.com time to read: +1 min

The threat to their peaceful existence arrives in the form of an army on the horizon. “The Garden of Time” is a fitting but ironic choice as a theme for the year’s most lavish celebration. The sympathies of “The Garden of Time” seem to lie with the count and countess. And yet the author slips in hints that their lovely existence may be empty. When Count Axel puts his arm around his wife’s waist, he realizes that “he had not embraced her for several years.”

Persons: Count Axel, ”, Ballard, Thom Browne, “

☆ His Skull Was Taken From Congo as a War Trophy. Will Belgium Finally Return It?
▼ + stars: | 2024-05-05 | by ( Monika Pronczuk | Koba Ryckewaert | ) www.nytimes.com time to read: 1 min

Once a powerful local Congolese leader, Lusinga Iwa Ng’ombe fought back against Belgian colonial invaders in the late 19th century. He was such a thorn in their side that Émile Storms, who commanded Belgian troops in the region, predicted his head would “eventually end up in Brussels with a little label — it would not be out of place in a museum.”That is exactly what happened. Troops of Mr. Storms killed and decapitated Mr. Lusinga in 1884, and his skull ended up in a box in the Brussels-based Institute for Natural Sciences, along with over 500 human remains taken from former Belgian colonies. His descendants are struggling to have his remains returned, their efforts unfolding against the backdrop of a larger debate about Europe’s responsibility for the colonial atrocities, reparations and restitution of plundered heritage.

Persons: Iwa Ng’ombe, “, Storms, Mr, Lusinga Organizations: Iwa, Belgian, Natural Sciences Locations: Congolese, Belgian, Brussels

☆ Jadon Sancho shines in Borussia Dortmund 1-0 Champions League semifinal first leg win over PSG
▼ + stars: | 2024-05-02 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

CNN —Jadon Sancho rediscovered some of his magic as he helped Borussia Dortmund to a 1-0 victory over Paris Saint-Germain in the first leg of its Champions League semifinal clash on Wednesday. Sancho, who returned to Dortmund on loan in January after an unsuccessful big-money move to Manchester United, was his elusive best as he proved a constant thorn in the Parisians’ side. It means Dortmund holds a slender one-goal advantage going into the second leg at the Parc des Princes next week. He scored 50 goals and registered 64 assists in four seasons with Dortmund, before making the move to the Premier League and Manchester United. “Sancho looks like a different player entirely.

Persons: CNN — Jadon Sancho, Germain, Sancho, Niclas Füllkrug, Gianluigi Donnarumma, –, Füllkrug, Jean Catuffe, Lionel Messi, “ Can’t, Jadon, Erik ten Hag, “ Sancho, Man United, Ally McCoist, ” Organizations: CNN, Borussia Dortmund, Paris Saint, Champions League, Dortmund, Manchester United, PSG, Princes, League, Barcelona, Premier League, verve, Man, TNT Sports, Real Madrid, Bayern Munich, Wembley Locations: Paris, Dortmund, Parc, Manchester, Opta, @BlackYellow, Germany

☆ Richard Branson says this decision helped build his $2.5B net worth: 'I don't think I would have gone to space' otherwise
▼ + stars: | 2024-04-29 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

He's referring to selling record label Virgin Records to Thorn EMI for nearly $1 billion in 1992. Branson needed the money to focus on a newer venture, Virgin Atlantic. CNBC Make It: How did you make the decision to sell Virgin Records? What I decided was: If I sold Virgin Records, all the people's jobs would be secure. I could then use that money to build and protect Virgin Atlantic.

Persons: Richard Branson, He's, —, Branson, Richard, Virgin, We'd, Janet Jackson Organizations: CNBC, Virgin Records, Thorn EMI, Virgin Atlantic, British Airways, Virgin Group, Forbes, Virgin Locations: London, Branson

☆ China Had a ‘Special Place’ in Modi’s Heart. Now It’s a Thorn in His Side.
▼ + stars: | 2024-04-13 | by ( Mujib Mashal | Sameer Yasir | ) www.nytimes.com time to read: +1 min

Narendra Modi once looked up to China. As a business-friendly Indian state leader, he traveled there repeatedly to attract investment and see how his country could learn from its neighbor’s economic transformation. China, he said, has a “special place in my heart.” Chinese officials cheered on his march to national power as that of “a political star.”But not long after Mr. Modi became prime minister in 2014, China made clear that the relationship would not be so easy. Continued border incursions flared into a ferocious clash in 2020 that threatened to lead to all-out war. Mr. Modi, a strongman who controls every lever of power in India and has expanded its relations with many other countries, appears uncharacteristically powerless in the face of the rupture with China.

Persons: Narendra Modi, Modi, Xi Jinping — Locations: China, India

☆ A bloodthirsty ISIS branch is 'on the upswing' after the US left Afghanistan in a lurch, a former top commander says
▼ + stars: | 2024-04-12 | by ( Jake Epstein | ) www.businessinsider.com time to read: +11 min

AdvertisementIn the years since the US and its NATO allies left Afghanistan, a particularly violent branch of the Islamic State terror group has grown stronger. During the first few years of its existence, ISIS-K attacks were mainly confined to Afghanistan and Pakistan. The first year under the Taliban's rule saw a sharp uptick in terror attacks inside Afghanistan. But that trend has changed in recent months; attacks inside the country declined while attacks beyond its borders have increased. Thus, the conditions inside Afghanistan have awarded the terror group space to develop a greater capacity to stage external attacks.

Persons: —, Joseph Votel, Hamid, Taylor Crul, Michael Kugelman, Kugelman, MARCUS YAM, Votel, that's, Doug Ellis, Qassem, STRINGER, Michael Kurilla, John Kirby, Biden, Kirby Organizations: Service, NATO, 82nd Airborne Division, U.S . Air Force, US Air Force, REUTERS ISIS, Islamic, ISIS, Department of Defense, Hamid, AP, South Asia Institute, Wilson, Kabul International Airport, ANGELES, US Central Command, Security Forces, Staff, Getty, White, National Security, Department, Defense Locations: Afghanistan, Moscow, Kabul, Handout, Khorasan Provence, Iraq, Syria, Pakistan, Washington, Darzab district, Jowzjan province, Mar, Iran, Central Asia, Iranian, Kerman, Europe, Russia, Islamic State, Crocus, American, Achin, Nangarhar Province

Trian claims Disney's board has failed to generate sufficient returns in recent years as subscription streaming losses have mounted and traditional TV subscribers have declined. Early vote countBoth Disney and Trian received support from influential shareholders ahead of Wednesday's meeting. Roughly one-third of Disney's shareholders are retail shareholders, who historically vote in small numbers in annual meetings. The arrangement still raised questions about ValueAct's support for the company and whether Disney's board should have disclosed the prior relationship. WATCH: Disney board battle reaches final moments

Persons: Bob Iger, Mickey Mouse, Valerie Macon, Nelson Peltz, Jay Rasulo, They've, Maria Elena Lagomasino, Michael Froman, Peltz, Ike Perlmutter, Trian, Disney's, Iger, Bob Chapek, Patrick T, Adam Jeffery, Morgan Stanley, James Gorman, CNBC's, George Lucas, Laurene Powell Jobs, Lucas, Powell Jobs, Ken Squire, Rowe Price, Rowe, Mason Morfit's, ValueAct, Neuberger Berman, John Ferguson, Rasulo —, Glass Lewis, Iger's, Gorman, Jeremy Darroch, CNBC's Andrew Ross Sorkin, Heidi Gutman, Lagomasino, shouldn't, Blackwells, Rasulo, Jason Aintabi, John Foley, Jessica Schnell, Craig Hatkoff, Leah Solivan, ValueAct hasn't Organizations: AFP, Getty Images Disney, Voters, Trian Partners, Disney, PepsiCo, Marvel, SEC, Fallon, Bloomberg, Getty, CNBC Disney, CNBC, Star Wars, LucasArts, Pixar, BlackRock, Institutional, California Public Employees, Yacktman Asset Management, Saratoga Proxy, ISS, Sky, Trian Fund Management, NBCU, Bank, NBCUniversal, Green, Comcast Locations: Los Angeles, New York

☆ The total solar eclipse is in less than a week away. People are scrambling to make – or change – plans
▼ + stars: | 2024-04-02 | by ( Terry Ward | ) edition.cnn.com time to read: +12 min

For some, plans for where to fly, drive and stay to hopefully catch a glimpse of the last total solar eclipse in the contiguous United States until 2044 have been in place for months or even years. The total solar eclipse’s path of totality — where the moon completely blocks the face of the sun — stretches across portions of 13 US states as well as parts of Canada and Mexico. A view from a plane during an eclipse flight from the Russian city of Murmansk to observe a solar eclipse on March 20, 2015, above the Norwegian Sea. Airbnb reports a 1000% surge in searches for stays along the entire path of totality over the solar eclipse weekend for check-ins on April 7, 2024. Austin and the surrounding Hill Country area and Indianapolis are among the most booked destinations across all of North America on Airbnb for the solar eclipse weekend, Thorn said.

Persons: Mark Littmann, ” “, ” Littmann, “, ” Judette Louis of, TikTok ”, Louis, ”, there’s, Littmann, “ You’ve, Steven Robicsek, Steven Robicsek Steven Robicsek, Robicsek, “ It’s, haven’t, Robyn Beck, Katy Nastro, ” Nastro, Sergei Karpukhin, Ben Kaufman, JSX, ” Kaufman, St . Louis, Jeff Roberson, Haven, Thorn, Madison Graça, Graça, ” Graça Organizations: CNN, North, Eclipse, Getty, Houston, Austin, Little, Evansville, Chicago, Indianapolis, Dallas Love Field Airport, Flight Museum, AP, Airbnb, Diego, Madison Locations: United States, Canada, Mexico, ” Judette Louis of Tampa , Florida, Cleveland , Ohio, Tampa, Cleveland, Sandy Run , South Carolina, Gainesville , Florida, Waco , Texas, Florida, La Pine , Oregon, AFP, Dallas, Memphis, Nashville, Russian, Murmansk, Norwegian, Kerrville , Texas, San Antonio, Austin, St ., Richardson , Texas, Springs , Arkansas, Bloomington , Indiana, Indianapolis, North America, Texas, San Diego, Hico , Texas, Oregon

☆ Bitcoin jumps 7%, retakes $70,000 to start the week
▼ + stars: | 2024-03-25 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

MicroStrategy , which trades as a proxy for the price of bitcoin, surged 20%, while Coinbase advanced 9%. The mining sector got a lift from bitcoin, too, with Marathon Digital and Riot Platforms up 4% and 9%, respectively. Bitcoin had been in correction mode for the past week, after it hit an all-time high of $73,797.68 on March 14. Sam Callahan, lead analyst at bitcoin services firm Swan Bitcoin, said it's likely tied to the messaging coming from the Federal Reserve last week. Despite its pullbacks, bitcoin is on pace to finish March on a winning note.

Persons: CleanSpark, cryptocurrency, cryptocurrencies, Bitcoin, Alex Thorn, Thorn, Genesis, Sam Callahan, Swan Bitcoin, it's Organizations: Marathon, Mining, Metrics, Galaxy Digital, Federal Reserve, Fed

Read previewAbout a year ago, I signed up for an American Express checking account. I canceled my American Express Rewards checking account just a year after opening. It came as a shock to me that it wasn't available with an Amex checking account and defeated a large purpose of opening this account. It was hard to deposit and transfer moneyAmerican Express makes it incredibly difficult to fund the Amex Rewards checking account. The APY wasn't competitiveBecause of its limited functionality, I ended up using my Amex Rewards checking account as a sort of savings account.

Persons: —, Bill Organizations: Service, Business, American, Express, American Express, Capital

CNBC embedded with teams from HSI and California Highway Patrol to witness four organized retail crime operations for this investigation. CNBCAt the bottom of organized retail crime rings are boosters — the people who go into stores and take the items. A bin filled with sparkly silver boots that police suspect an alleged San Jose, California, crime ring stole from T.J. Maxx. In a statement, a TJX spokesperson said the company is "thankful" for CHP's efforts and is taking organized retail crime "very seriously." Court records filed in connection with the case provide a rare glimpse into the inner workings of an alleged organized retail crime ring.

Persons: Michelle Mack, Mack, Michelle Mack's, Louis Vuitton, Adam Parks, they've, Parks, HSI, It's, Joaquin, El, Guzman, Scott Robles, Robles, moisturizer, Allegra, Maxx, Gabrielle Fonrouge, Manny Nevarez, TJX, Michael Ball, Diego, Donna Washburn, Washburn, Mack —, we'll, Charlotte, Estee Lauder, masterminding, Rob Bonta, Kenneth Mack, Bonta, Kimora Lee Gooding texted Michelle Mack, Jan, Gooding, Andrew Barclay, Scott, let's, Kenneth Mack texted Michelle Mack, Michelle Mack texted Alina Franco, Sephora, Prada, Ulta's, Dave Kimbell, Kimbell Organizations: Police, CNBC, Patrol, Homeland Security Investigations, Department of Homeland, New, U.S . Custom House, Operation French, Walgreens, New Orleans Public, Federal, Gillette, CHP, TJX Companies, Bay Area, CNBC Police, Flea, Santa, Attorney, Capitol Flea, L'Oreal, Macy's, Body Locations: San Diego, Bonsall , California, California, Washington , Utah , Oregon, Colorado , Arizona , Illinois , Texas, Florida , Pennsylvania, Massachusetts, Ohio, U.S, Baton Rouge , Louisiana, HSI, New Orleans, Orleans, San Jose, Jose , California, Maxx, Bay, Bay Area, San Jose , California, Santa Clara, Washburn, St, Augustine , Florida, Charlotte Tilbury, Prada, LensCrafters

☆ Miami Beach Is Done With Spring Breakers: ‘It’s Not Us. It’s You.’
▼ + stars: | 2024-03-09 | by ( Patricia Mazzei | ) www.nytimes.com time to read: +1 min

More than two decades ago, Wayne Jones traveled to Daytona Beach, then Florida’s spring break mecca, not to party but to study. Maybe Miami Beach, which had its own unruly scene every year over Memorial Day weekend, could learn a thing or two. Officer Jones is now Chief Jones of the Miami Beach Police. Last year, the police made more than 500 arrests and confiscated more than 100 guns over the spring break period. “This is going to be the best spring break ever,” he said in a recent interview at his South Beach office.

Persons: Wayne Jones, Jones, ” Organizations: Daytona, Miami Beach Police Department, Miami Beach Police, Miami Beach, South Locations: Daytona Beach

☆ 4 economic reports the market cares about most next week, including a fresh look at inflation
▼ + stars: | 2024-03-09 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Within the Club, we heard this week from Foot Locker on Wednesday, then from Costco and Broadcom on Thursday. The big economic data drop of the week arrived Friday with February's nonfarm payrolls report . The center of attention is Tuesday's February consumer price index report . On Thursday, the February produce price index is due out. ET: Producer Price Index 8:30 a.m.

Persons: FactSet, Locker, Foot Locker, February's nonfarm, Jerome Powell, he's, we'll, MANU, LEN, Jim Cramer's, Jim Cramer, Jim, Mostafa Bassim Organizations: Nasdaq, Dow Jones Industrial, Costco, Broadcom, Commerce, Federal, PPI, Ballard Power Systems, Fortrea Holdings, Casey's, Vail Resorts, MTN, Daniels, Midland, Kohl's Corporation, Kanzhun, Game Technology, Manchester United, Blade Air Mobility, Clover Health, Beauty Health, Energy Vault Holdings, PHX Minerals, Guild Holdings, Finance, Heron Therapeutics, ZIM Integrated Shipping Services, Arcos Dorados Holdings, ARCO, Petco, Wellness Company, Farms, Sonoma, WSM, ESS Tech, DICK'S Sporting, Inc, Futu Holdings, Bear, Autolus Therapeutics, III Apparel, Solo Brands, Weibo Corporation, Embraer, CNBC, Washington DC, Anadolu, Getty Locations: U.S, Asana, ASAN, Williams, Washington, United States

☆ Cycling helmet: Outlandish design under review by governing body
▼ + stars: | 2024-03-06 | by ( George Ramsay | ) edition.cnn.com time to read: +4 min

That is as long as the design passes a review by the Union Cycliste Internationale (UCI), cycling’s global governing body. Team Visma-Lease a Bike riders debuted the large helmet at the Tirreno-Adriatico prologue in Italy on Monday. However, on Tuesday, the UCI referenced the new design while announcing a review into its rules around helmets in competitions. As part of its helmet regulations, the UCI insists that all helmets used by professional riders are also available to the public. CNN has contacted Specialized, Visma-Lease a Bike, Giro and Rudy Project for comment on the UCI’s review into helmet designs.

Persons: Giro, ” Paul Martens, Jonas Vingegaard, Juan Ayuso, Reg u, ul, ava, lable to Organizations: CNN, Star Wars, Union Cycliste Internationale, Giro, de France, UAE Team Emirates, day, th, UCI Locations: Italy

☆ Bitcoin rockets to an all-time high above $69,000, surpassing 2021 record
▼ + stars: | 2024-03-05 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

"Bitcoin reclaiming its all-time high yet again shows it is never going away," said Alex Thorn, head of research at Galaxy Digital. Catalysts driving the surge in the cryptocurrency include the U.S. spot bitcoin ETFs that started trading earlier this year, along with the tightening bitcoin supply ahead of the late April "halving." "The odds have always been against bitcoin," Thorn said, citing naysayers who have referred to it as "a bubble" and compared it to the "tulip mania" in Holland during the 1600s. "Retail interest is oftentimes momentum driven, and all-time high levels are a pivotal momentum driver for even more investment," he told CNBC. Nevertheless, U.S. spot bitcoin ETFs have brought legitimacy to it and been hugely popular, with BlackRock's iShares Bitcoin Trust (IBIT) passing $10 billion in assets under management last week.

Persons: Jaap Arriens, FTX, crypto's Lehman, Alex Thorn, bitcoin, Clara Medalie, Thorn, naysayers, Needham, John Todaro, Crypto, BlackRock's Organizations: NurPhoto, Getty, Metrics, Galaxy, CNBC, Securities and Exchange Commission Locations: U.S, Holland

☆ Debate heats up as Singapore prime minister says exclusive Taylor Swift deal isn't 'unfriendly'
▼ + stars: | 2024-03-05 | by ( Monica Pitrelli | Marylou Costa | ) www.cnbc.com time to read: +4 min

Singapore Prime Minister Lee Hsien Loong said Tuesday that a closed-door deal for Taylor Swift to perform in the city-state ensured she would not perform in other Southeast Asian countries during her Eras tour. The statement is the first confirmation from the city-state that the agreement for Swift to perform in Singapore contained exclusivity terms preventing her from performing in other countries. He also did not reveal the size of the grant to Swift, but stated the amount is "not anywhere as high as speculated." During her first three concerts in Singapore, Swift asked her audience to applaud — first the locals, then those who had traveled from overseas to come to the show. Edwin Tong Singapore Minister for Culture, Community and YouthSome liken the deal to how cities vie to host major sports events, such as the Olympics, the Super Bowl and the World Cup.

Persons: Lee Hsien Loong, Taylor Swift, Swift, Edwin Tong, Srettha Thavisin, Joey Salceda, Lee, Ashok Kumar, —, Selena Oh, de Boer, Irene Hoe, — haven't Organizations: Singapore, Reuters, Thai, Swift's, Philippine, Getty, Edwin Tong Singapore Minister, Culture ,, Super Bowl Locations: Singapore, Southeast Asia, Melbourne, Bangkok, ASEAN, Tokyo, Asia, Malaysia, Thailand, Indonesia, Asia — Tokyo, Shanghai, Hong Kong, Philippines, Cambodia, what's, Edwin Tong Singapore

☆ George Galloway: Pro-Palestinian firebrand politician wins UK byelection in blow to main opposition Labour Party
▼ + stars: | 2024-03-01 | by ( Luke Mcgee | ) edition.cnn.com time to read: +3 min

London CNN —Britain’s opposition Labour Party, widely expected to win a general election due to be held within months, has lost one of its safest parliamentary seats to a pro-Palestinian former party member in a chaotic by-election. Labour initially stood by Ali, only to withdraw their support but too close to the by-election to put forward another candidate. Galloway was expelled from the Labour Party in 2003 after he opposed then Prime Minister and Labour leader Tony Blair’s support for the war in Iraq. Galloway’s victory is noteworthy for the context in which it took place, but doesn’t necessarily tell us much about the general election that will take place at some point this year. It does send a warning, however, to Starmer and the Labour Party about the need to properly screen candidates, as it could be badly hurt by similar stories emerging in the run up to the general election.

Persons: London CNN —, George Galloway, Azhar Ali, Israel, Ali, Galloway, Keir Starmer, Jeremy Corbyn, Tony Blair’s Organizations: London CNN, Labour Party, Veteran, Labour, Sun, CNN, Tottenham Hotspur, North London Jewish, Champion’s League, Press TV Locations: Rochdale, Gaza, British, Galloway, Britain, Israel, Iraq, Russia, Iran, Starmer

☆ Mitch McConnell to step down from GOP leadership position in the Senate
▼ + stars: | 2024-02-28 | by ( Clare Foran | Ted | ) edition.cnn.com time to read: +3 min

Senate Minority Leader Mitch McConnell will step down as GOP leader in November, the Kentucky Republican announced on the Senate floor Wednesday, marking the end of an era on Capitol Hill and setting up a high-stakes race for his successor. He will continue to serve in the US Senate but will allow “the next generation of leadership” to take the helm of the Senate Republican Conference. In 2023, McConnell became the longest-serving Senate party leader in history. McConnell on Wednesday said his decision to step down came following the death of his wife Elaine Chao’s youngest sister, Angela, in a traffic accident earlier this month. Mitch McConnell speaks on the Senate floor on Wednesday.

Persons: Mitch McConnell, ”, McConnell, ” McConnell, “, Chuck Schumer, Republican Sen, Lisa Murkowski, Elaine Chao’s, Angela, they’ve, CNN’s Dana Bash, Kristin Wilson Organizations: Kentucky Republican, Capitol, Senate Republican Conference, Senate, Republican, Kentucky Locations: Washington ,, New York, Alaska

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