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☆ US will resume offensive weapons sales to Saudi Arabia
▼ + stars: | 2024-08-12 | by ( Jennifer Hansler | ) edition.cnn.com time to read: +2 min

CNN —The United States will resume sales of offensive weapons to Saudi Arabia, the State Department said Monday, ending a suspension put in place at the beginning of the Biden administration over concerns about human rights violations in the war in Yemen. “As part of this policy, our administration froze the sale of certain classes of offensive weapons, while also maintaining sales of systems to the kingdom required to defend itself from attack,” State Department spokesperson Vedant Patel said at a news briefing. At the outset of President Joe Biden’s tenure, the administration suspended offensive weapons sales to Riyadh amid concerns about the toll of the Saud-led war against the Houthis in Yemen, which killed thousands of civilians. Patel denied that the lifting of the suspension was linked to the administration’s ambitious plan for post-war Gaza and Israel-Saudi normalization. He acknowledged, however, that “Saudi Arabia has remained a close strategic partner of the United States, and we look forward to enhancing that partnership.”

Persons: Biden, Vedant Patel, “, ” Patel, Joe Biden’s, Saud, Patel, ”, ” “ We’ve Organizations: CNN, State Department, ”, UN Locations: United States, Saudi Arabia, Yemen, “, Saudi, Riyadh, Red, Gaza, Israel

☆ Team USA just survived Serbia. It faces an even bigger test against France’s home-court advantage
▼ + stars: | 2024-08-10 | by ( Kyle Feldscher | ) edition.cnn.com time to read: +5 min

The so-talented-it-is-hard-to-comprehend US roster carved up Serbia, South Sudan and Puerto Rico in group play and then bulldozed Brazil in its quarterfinal matchup. Having already beaten Serbia twice in the last few weeks and looking unstoppable, Team USA went into Thursday’s game against the European nation expecting another romp. “I remember, like it’s today, like it was yesterday, dreaming about seeing myself playing in the final at home in the Olympics. “That’s going to be the most-watched game, I feel like, since I’ve been playing in FIBA. Despite looking in sync throughout the group stage and against Brazil, there were signs of chemistry issues in pre-Olympics exhibitions and during the game against Serbia.

Persons: Nikola Jokić, who’s, Victor Wembanyama, ”, Stephen Curry, “ We’ve, Léon, it’s, “, you’re, Rudy Gobert, ” Victor Wembanyama, Evan Fournier of France, Shai Gilgeous, Alexander of, Gregory Shamus, “ That’s, I’ve, Kevin Durant, USA’s, Durant, Devin Booker, It’ll, Steve Kerr, ” Kerr, we’ve Organizations: Paris CNN —, Olympic, France, Serbia, Team USA, Paris ’ Bercy, NBA, of Famer, Stade de France’s rugby, La, Bercy Arena, Minnesota Timberwolves, American, FIBA, Phoenix Suns, Durant’s Suns, France isn’t, International Basketball Federation Locations: Serbia, South Sudan, Puerto Rico, Brazil, Paris, European, France

☆ CrowdStrike Hits Back in Heated Spat With Delta Over Global Tech Outage
▼ + stars: | 2024-08-05 | by ( Lauren Hirsch | More About Lauren Hirsch | ) www.nytimes.com time to read: +1 min

The legal saber rattling between the cybersecurity company CrowdStrike and Delta Air Lines over the global I.T. outage last month just ratcheted up a notch. The blame for Delta’s woes lies with the airline alone, the lawyers wrote. The letter was in response to Delta’s hiring of David Boies, a prominent litigator, and saying that it would seek damages over the outage, which it said cost it $500 million. Shares in both companies have plunged since the July 19 outage, with CrowdStrike down more than 35 percent.

Persons: Quinn Emanuel Urquhart, Sullivan, David Boies, Pete Buttigieg —, ”, we’re Organizations: Delta Air Lines, The New York Times, NPR, Transportation Locations: Delta

☆ Novak Djokovic beats Carlos Alcaraz to win Olympic gold and career Golden Slam
▼ + stars: | 2024-08-04 | by ( Matthew Futterman | James Hansen | ) www.nytimes.com time to read: +12 min

Relive how Novak Djokovic won Olympic gold against Carlos Alcaraz with game-by-game live coverage from the matchPARIS — Novak Djokovic beat Carlos Alcaraz 7-6(3), 7-6(2) in the men’s singles Olympic final at Roland Garros in Paris on Sunday. Djokovic won in four. GO DEEPER Novak Djokovic and Carlos Alcaraz meet in a Wimbledon final duel of the extraordinaryThe first set lasted 93 minutes. After the Wimbledon final, Djokovic was largely sanguine about how soundly he had been beaten, saying Alcaraz was simply better in every department. It was a confidence and a quality not seen since that French Open final in 2023 and perhaps the US Open final in the same year.

Persons: Novak Djokovic, Carlos Alcaraz, PARIS — Novak Djokovic, Roland Garros, Alcaraz, Matt Futterman, James Hansen, Djokovic, Philippe, Chatrier, Miguel Medina, Novak, crunching forehands, Patricia de Melo Moreira, deuce, hadn’t, Lorenzo Musetti, Thibaud Moritz, ” Djokovic, “, Jelena's, ”, Roger Federer, Alex de Souza, Carlos, Rafa, Spain …, Matthew Stockman Organizations: Olympic, PARIS, Djokovic, Wimbledon, Games, Getty, Cincinnati, Olympics, U.S, Serbia, Spain Locations: Paris, AFP, Alcaraz

☆ Does Anyone Have Leverage Over Nicolás Maduro?
▼ + stars: | 2024-08-02 | by ( Julie Turkewitz | Jack Nicas | ) www.nytimes.com time to read: +1 min

The message delivered Thursday night was blunt: The United States recognized Venezuela’s opposition presidential candidate as the winner in Sunday’s election and dismissed a declaration by election officials that the country’s autocrat, President Nicolás Maduro, had won. The U.S. declaration ratcheted up the international condemnation of a vote riddled with irregularities and was an attempt to warn Mr. Maduro that the world would not accept a farce. Even some of Mr. Maduro’s fellow leftist leaders in Latin America have expressed grave doubts about his claim of victory. But will it matter? There is widespread skepticism that foreign pressure will affect Mr. Maduro’s grip on power, at least in the short term.

Persons: Nicolás Maduro, Biden, Edmundo González, Maduro, Maduro’s Organizations: United, New York Times Locations: United States, U.S, Latin America

☆ Harris recalibrates policy stances as she adjusts to role atop Democratic ticket
▼ + stars: | 2024-07-30 | by ( Arit John | Kayla Tausche | ) edition.cnn.com time to read: +8 min

CNN —As the burgeoning Kamala Harris campaign works behind the scenes to refine its policy platform, the vice president has increasingly found herself clarifying which of her positions have shifted over the years. A Harris campaign official said Monday she no longer supports a fracking ban. Single-payer health careHarris’ campaign also confirmed this week that the vice president no longer supports a single-payer health care system. As vice president, Harris supported a bipartisan border bill that would have ramped up enforcement at the US-Mexico border. In June 2024, the White House announced a crackdown on asylum claims meant to continue reducing the flow – a policy that Harris’ campaign manager, Julie Chavez Rodriguez, indicated would continue under a Harris administration.

Persons: Kamala Harris, Harris, Joe Biden, –, Donald Trump, Biden, Trump, ”, fracking, “, ” Harris, Vermont Sen, Bernie Sanders, ‘, ’ ” Harris, “ Axios, Julie Chavez Rodriguez, ” Chavez Rodriguez, George Floyd’s, CNN’s KFile, “ Joe Biden, Sabrina Singh, Sen, Mitch Landrieu, ” Landrieu, CNN’s Pamela Brown, ” CNN’s Tami Luhby, Donald Judd, Priscilla Alvarez Organizations: CNN, Biden, Democratic, Republicans, Democrat, Senate, HBO, Customs Enforcement, MSNBC, ICE, White House, CBS News, Police Locations: California, Pennsylvania, Wisconsin , Michigan, Georgia, Arizona, Nevada, Minnesota, Vermont, Mexico, Minneapolis, New Orleans

☆ The great America-Australia relay rivalry gets another worthy chapter in Paris
▼ + stars: | 2024-07-27 | by ( Matthew Futterman | ) www.nytimes.com time to read: +7 min

That was in 2000 in Sydney in the men’s 4×100, at a time when the American men were untouchable at the distance. Australia’s Michael Klim plays lead guitar while Ian Thorpe, right, looks on after the Australians beat the U.S. in the 4×100 freestyle relay in Sydney in 2000. The Chinese men led early but faded. Far and away the dominant swimming nation, American men won the 4×100 freestyle from 1964 until the air guitar incident in 2000. American women won it 14 times from 1924 to 2000.

Persons: That’s, There’s, Gary Hall Jr, Ian Thorpe, Australia’s Michael Klim, Al Bello, Meg Harris of, ’, Simone Manuel of, who’d, glumly, Kate Douglass, Gretchen Walsh, Torri, Hunter Armstrong, Qin Haiyang, Manuel, “, ”, Meg Harris, Mollie O’Callaghan, Quinn Rooney, it’s, Cate Campbell, Emma McKeon, Caeleb Dressel, ” Dressel, Armstrong, Dressel, Ian MacNicol Organizations: Paris Games, Australia, U.S, Getty, New York Times, ARD, FBI, Doping Agency, International Olympic, Aussie, Tokyo, “ Locations: France, Sydney, Meg Harris of Australia, U.S, Tokyo, Salt Lake City, Utah, Australian, Australia, United States, Paris

☆ We rented our house on Airbnb for 15 years. It was so much work that we had to stop.
▼ + stars: | 2024-07-27 | by ( Dana Mcmahan | ) www.businessinsider.com time to read: +6 min

Renting your home to strangers for money wasn't even on the horizon when my husband and I bought our first house almost 20 years ago. I thought renting our house to race-goers would be an easy way to make a quick paycheck. We were early Airbnb adoptersIt didn't go well at first, though, with our first guests writing us a bad check. Courtesy of the auhorAlthough it's commonplace now, in those early days, friends thought we'd lost it when we let strangers stay in our house. A beautiful house that just needed some work, with a third floor guest suite and a carriage house, it had tons of potential as a short-term rental rental.

Persons: wasn't, Airbnb, we'd, Vertigo, COVID didn't, we're, aren't, it's, Diane Deaton, who's, It's, I've Organizations: Service, Kentucky Derby, Business, Realtors, House Locations: Louisville , Kentucky, Vertigo Louisville, Detroit, Louisville

☆ China’s hosting Palestinian and Ukrainian delegations this week. But can it play peace broker in global conflicts?
▼ + stars: | 2024-07-25 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +9 min

Hong Kong CNN —China’s top diplomat Wang Yi has had a busy week in which two devastating conflicts have loomed large. Kuleba’s visit was the first time in the nearly 29 months of Russia’s war on Ukraine that a high-level Ukrainian official has visited China. Official statements from Beijing and Kyiv after Wednesday’s Wang-Kuleba talks gave no indication that the Ukrainian diplomat had swayed Beijing toward Kyiv’s vision for peace. Observers say Beijing could, at some point, play a role in any potential future talks, but is unlikely to shift its relationship with Russia. But it was met with some skepticism from observers in the region given the failure of past attempts at unity.

Persons: Hong Kong CNN —, Wang Yi, Wang, Fatah, Dmytro Kuleba –, –, Kuleba, Beijing “, ” Wang, ”, Steve Tsang, Kuleba’s, Vladimir Putin, Volodymyr Zelensky, “, Zelensky, Russia ”, Antony Blinken, Mahmoud al, Mussa Abu Marzuk, Pedro Pardo, Beijing’s, Wednesday’s Wang, ” Kuleba, Xi, Chong Ja Ian, Donald Trump, Trump’s, JD Vance, ” Chong, Jonathan Fulton Organizations: Hong Kong CNN, Hamas, Ukrainian, SOAS China Institute, University of London, Beijing, NATO, Central Committee, Fatah, China's, Getty, Foreign Ministry, Ukrainian Foreign Ministry, Kyiv, Observers, West, National University of Singapore, Republican, Global, ”, Palestinian, US State Department, West Bank ”, Atlantic Locations: China, Hong Kong, Beijing, Gaza, Ukraine, Russia, United States, Russian, Kyiv, Laos, AFP, Guangzhou, Ukrainian, Moscow, China’s, ” Russia, India, Brazil, Israel

☆ 2024 at a Crossroads
▼ + stars: | 2024-07-18 | by ( Shane Goldmacher | Lisa Lerer | ) www.nytimes.com time to read: +1 min

The 2024 presidential race hurtled toward a consequential crossroads on Thursday, as top Democrats ratcheted up pressure to deny President Biden his party’s nomination while bullish Republicans prepared for a balloon drop to formally select a bandaged Donald J. Trump as their standard-bearer. An extraordinary three weeks in American politics took another surprise turn, after the White House announced on Wednesday that Mr. Biden had contracted Covid, forcing the president into physical isolation just as his presidential candidacy hung in the balance. A race that not long ago seemed a staid rematch came to a dramatic pivot point after a head-spinning series of events: a disastrous debate late last month that made longstanding questions about Mr. Biden’s age unavoidable, and then a shocking attempted assassination of Mr. Trump less than 48 hours before the start of the Republican National Convention in Milwaukee. For a fleeting few hours on Wednesday, the two presidents presented starkly dueling images that fed into the very story line Republicans were unspooling at their convention — that Mr. Trump was strong and Mr. Biden was weak. One was flying to his beach house on Air Force One to enter seclusion as his party fractured around him; the other was welcomed as a wounded hero by thousands of cheering supporters, some of whom bandaged their ears in a show of solidarity.

Persons: Biden, Donald J, Trump, Mr Organizations: Republicans, White, Republican National Convention, Air Force Locations: Milwaukee

☆ Kamala Harris is in a tough spot
▼ + stars: | 2024-07-09 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +5 min

Read previewVice President Kamala Harris is in a difficult position. My guess is some fairly unsophisticated people are calling up Kamala Harris saying: 'Can I do this? Al Sharpton told The New York Times of Harris' dual roles of supporting Biden while also proving her own ability to lead. "But that is complicated by the fact that she is the vice president and is also running for elective office as the vice president," Atkeson added. Atkeson then explained that Harris' decision to support Biden despite growing doubts about his physical and mental capacity puts her in a compromising position.

Persons: —, Kamala Harris, Joe Biden's, Harris, Biden, Donald Trump, Elaine Kamarck, Al Gore, Joe Biden, Al Sharpton, there's, Lonna, LeRoy, Atkeson, Chip Roy, Mike Johnson, Harris — Organizations: Service, Business, Democratic, Brookings Institution, New York Times, Trump, Washington Post, Office, The New York Times, Pacific Islander, Florida State University, LeRoy Collins Institute, Rep, Texas Locations: Las Vegas, Dallas, North Carolina

☆ Apartments Could Be the Next Real Estate Business to Struggle
▼ + stars: | 2024-07-04 | by ( Joe Rennison | Julie Creswell | ) www.nytimes.com time to read: +1 min

Rents have soared in recent years because of housing shortages across much of the country and a bout of severe inflation. But a growing number of rental properties, especially in the South and the Southwest, are in financial distress. In many parts of the country, rents are starting to fall. Interest rates, ratcheted higher by the Federal Reserve to combat inflation, have made mortgages much more expensive for building owners. These problems haven’t yet turned into a crisis, because most owners of apartment buildings, known in the real estate industry as multifamily properties, haven’t fallen behind on loan payments.

Persons: haven’t Organizations: Federal Reserve Locations: Houston, Tampa, Fla

☆ Where did all the lifeguards go?
▼ + stars: | 2024-07-03 | by ( Kelli María Korducki | ) www.businessinsider.com time to read: +11 min

My girlfriends, a year or two older, were most interested in catching the eye of the male lifeguards. The swim disparities also influenced the scope of a lifeguard's job. While the lack of qualified lifeguards may partly stem from this problem, getting more lifeguards on stands could turn things around. As we enter our fourth year without enough lifeguards, it's hard to imagine them retaking the podium as the cultural idol of American summer. When more cities prioritize safe water access for the masses — and pay lifeguards accordingly — the mighty lifeguard just may rise again.

Persons: Marco Polo, I'd, fawning, Wyatt Werneth, Werneth, —, Jessi Adler, Adler, hasn't, lifeguarding, Jason Russell, it's, Russell, Jeff Wiltse, Wiltse, KENA BETANCUR, Suburbanites Organizations: American Lifeguard Association, Getty, Lyndon, Johnson, SUNY Empire State, World, Association, American, of Public Health, New, Civil Rights Movement, Employers Locations: Milwaukee, America, Southern California, Michigan, Central Texas, Canada, New York City, Chicago, Denver, Baltimore, San Antonio

CNN —President Joe Biden and his predecessor, Donald Trump, are set to make history on CNN Thursday night as they meet for their first 2024 debate. Thursday’s debate will be the earliest in the election cycle that a presidential debate featuring the major parties’ nominees has taken place in modern history. That’s why Trump’s advisers and allies have urged the former president to focus on issues like the economy, crime and inflation as he debates Biden. The Biden campaign knows all this, of course, so it will be interesting – and instructive – to hear his message and analyze where it’s being targeted. The Trump campaign distanced itself, in part, from the plan, noting that the advisers who wrote it are not on the payroll.

Persons: Joe Biden, Donald Trump, It’ll, Biden —, —, Trump, Hunter, Jake Tapper, Dana, insurrectionists, Biden, parry, Wade, Roe, ”, CNN’s Erin Burnett, won’t Biden, ” Biden, “, Lincoln, Benjamin Netanyahu, Vladimir Putin, Putin, ” He’s Organizations: CNN, United States, Trump, Capitol, GOP, Biden, NATO, Reuters, Kyiv, Republicans, UFC Locations: New York, Georgia’s, Atlanta, Washington , Florida, Georgia, Russia, Israel, Gaza, Ukraine, Moscow, Kyiv, Western Europe, United States

☆ Here's how inflation has ratcheted up the cost of basics like housing and food for families across the US
▼ + stars: | 2024-06-27 | by ( Juliana Kaplan | Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

ALICE Americans make above the federal poverty level but not enough to comfortably afford all their daily expenses, often making too much to qualify for government assistance. The ALICE Essentials Index, which includes housing, childcare, food, transportation, healthcare, and technology costs, has risen by a projected 7.3% annually from 2021 to 2023; comparatively, CPI has risen by 6.1%. The ALICE Essentials Index for rural areas was slightly higher than that for urban areas, at 7.5% and 7.2%, respectively. "Long before everybody else was upset about inflation, ALICE was dealing with inflation," Hoopes said. Still, ALICE Americans tend to be overrepresented in these roles, as many pay below the ALICE threshold of about $55,000 a year.

Persons: —, ALICE —, ALICE Americans, ALICE, Stephanie Hoopes, United For ALICE, Hoopes, There's Organizations: Service, Business, CPI, United For, United Locations: West, Georgia, Florida, South Carolina, Midwest, Northeast

☆ The scary secret behind the boom in data centers
▼ + stars: | 2024-06-04 | by ( Adam Rogers | ) www.businessinsider.com time to read: +10 min

Last year all the data centers in the world had room for 10.1 zettabytes of information — roughly 456 billion Wikipedias. And with the rise of artificial intelligence, which requires vast quantities of data and power, the global capacity of data centers is expected to double by 2027. Data centers are more than just vast digital warehouses. The more data centers those companies have, the more of those services they can offer, and the more storage and number-crunching capacity they can provide. Over time, economists warn, AI startups will inevitably lose out to the tech giants that control the data centers.

Persons: they're, Cecilia Rikap, Matthew Wansley, Jonas Jacobi, Jacobi, It's, Rikap, Bengt, Åke, There's, Lina Khan, Today's, Adam Rogers Organizations: Google, Microsoft, Amazon Web Services, Big Tech, Corporate, Regulators, Yeshiva University, Amazon, Venture, Aalborg University, Tech, Google Cloud, Federal Trade Commission, Business Locations: OpenAI, Hotel California, Denmark, Europe, lockstep

This is the first part in a series exploring Baltimore’s overdose crisis. People in Baltimore have been dying of overdoses at a rate never before seen in a major American city. In the past six years, nearly 6,000 lives have been lost. The city set ambitious goals, distributed Narcan widely, experimented with ways to steer people into treatment and ratcheted up campaigns to alert the public. Many of those efforts to fight overdoses stalled, an examination by The New York Times and The Baltimore Banner has found.

Organizations: New York Times, Baltimore Locations: Baltimore, American, Appalachia, York

☆ These are the top business-development execs competing to hire elite portfolio managers at hedge fund giants Citadel, Millennium, Point72, and more
▼ + stars: | 2024-05-08 | by ( Alex Morrell | ) www.businessinsider.com time to read: +34 min

Unlike business development in corporate America, which focuses on growing a company's prospects with partners and clients, hedge fund BD teams specialize in scouting, evaluating, and wooing investment talent. AdvertisementFew have been involved in hedge fund BD longer than Jennifer Blake, Balyasny's global head. The fund's BD department remains in close contact with PMs after they join as a resource and advisor. Vernon Yuen/Getty Images$61 billion AUM2,200+ employeesAdvertisementKen Griffin's Citadel has outperformed not just its immediate rivals but every other hedge fund. He runs a team of about 20 as head of business development in the Americas, the largest region of the largest player in this space.

Persons: —, Griffin's, Izzy Englander's, Goldman Sachs, Headcount, execs, Dmitry Balyasny, Brendan McDermid, Jennifer Blake, Balyasny's, Morgan Stanley, Dmitri Balyasny's, Blake, it's, Federico Chavarria, Balyasny, Dave Matz, Smith Hanley, Alistair Jacobs, Dave Black, Peter Appel, Federico Chavarria MD, Andrew McHugh, Jules Biolsi, Michael Platt, he's, BlueCrest, Michael Grad, Grad, Jake Lindsay, Mungo Strachan, BlueCrest's, Brevan Howard Brevan Howard, Alan Howard, Ringo Chiu, Brevan Howard, Alan Howard's, Aran Landy, Brevan, Abu, It's, Landy, Howard, Peter Hornick, David Abbou, Jonathan Candy, Gregoire Vidal, Vidal, Tim Williams, Andy Silver, Gautam, Ken Griffin, Vernon Yuen, Ken Griffin's, Griffin, Matt Giannini, Giannini, headhunter, Matt, I've, — Thomas DeAngelis, Lindsay Previdi, Rice, Dore, Eleanor Sharkey, Melinda Urban, Mark Hansen, Julian Ulmer, Mathur, Adam Sharkie, Michael Page, Eisler, Edward Eisler, Sam Wisnia, Chris Milner, Milner, Hilary Curran, Hilary Curran Global, Rebecca Zisser, Michael Gelband, Hornick, Jeff Gelband, Mike Tiano, Eric Han, Garrett Berg, Liu, APAC Blackstone, Euan Shand, Kevin Carroll, Emily, Needham, Ostendorf, Ben Levine, Stefan Renold, LMR, Marcus Fairhurst, He'd, LMR's, Izzy, Ronda, Singh, Mark Meskin, Justin Gmelich, Steve Keller, Benjamin Williams, Madhvani, Paritosh Singh, Ben Williams, Kristina Tully, Steven Cohen, Point72, Shayanne, Steve Cohen's, Harry Schwefel, Chandler, Steve Cohen, JT Shields, They're, Schwefel, Alyssa Friedman —, Chandler Bocklage, Reid Murphy, Jae Yang, Japan Goldman Sachs, Alyssa Friedman, Jackie Dai, Gabriel Sanders, Ajay, Steven Schonfeld, Michael Nagle, Steve Schonfeld's, Ryan Tolkin, Schonfeld, doesn't, Akshay Aggarwal, Alex Burns, Ryan McCort, Colin Lancaster, Mitesh, Sameer Buch, Brittany Lynch, DMFI, Goldman, Verition, Nicholas Maounis, Josh Goldstein, Brian Townes, Townes, Elizabeth Xiang MD, Vir, Steve Satenstein, Chris Svoboda, Will England, Thomas DeAngelis, DeAngelis, Jonathan Brenner, hasn't, Maureen Reed, John Sullivan, Brenner, Walleye's Organizations: Service, Management, Wall, Business, Balyasny, Balyasny Asset Management, Quadra Advisors, SAC, Macquarie, BD, UBS, Grad, Financial Times, Michael, Lascaux, Howard BD, Brevan, Argentum Advisors, BH Digital, McKinsey & Company, JPMorgan, Ken Griffin's Citadel, Citadel, Citadel's, decamping, Chicago, Citadel BD, Walleye Capital, of Surveyor, Millennium, Capital, Credit, Ashler, Rice, Deutsche Bank, LMR Partners, London, Dore Partnership, Soros, Soros Fund, Ronda Churchill, Bloomberg, Getty, Guggenheim, Industry, MLP, Americas Guggenheim, Americas Citadel, SAC Capital, SEC, Point72 Academy, Citigroup, BD Energi, Japan, EMEA, APAC BNP, Schonfeld, PAAMCO, KKR, DMC Partners, Topwater, LinkedIn, New, New Holland Capital, BD —, Walleye, Lehman Brothers, Hutchin, Putnam Investments, ~$ Locations: America, Asia, Balyasny, Blackstone, New Holland, Abu Dhabi, BlueCrest, Europe, Graticule, ExodusPoint, Hornick, Freestone, New York, Schonfeld, Brevan, he's, Aberdeen, Hong Kong, Zurich, Glasgow, Dubai, Americas, Point72, quant, Verition, London, Greenland, Minnesota, Citadel

☆ Earnings playbook: Beware of these stocks reporting soon where analysts are slashing their earnings expectations
▼ + stars: | 2024-05-01 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

NRG has run up about 40% this year, and is sitting within 2% of the average price target from analysts. This is especially notable given that the average analyst target has risen nearly 75% over the past six months. Match Group also made the list, with the average analyst earnings per share estimate falling more than 16% over the last three months. The average analyst price target for Match has fallen by almost 18% over the past six months given that sell-off. But that average price target still implies upside of around 40%, per FactSet, which underscores the magnitude of its recent slide.

Persons: Gordon, Haskett's Don Bilson, Bilson, FactSet Organizations: CNBC Pro, NRG Energy, NRG Locations: Texas

☆ Trump Media is up 92% since launching a crusade against short sellers
▼ + stars: | 2024-04-30 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Trump Media's crusade against short-sellers has coincided with a 92% rally in its stock price. Trump Media stock has attracted a lot of short-sellers since it went public last month. AdvertisementShares of Trump Media soared 12% on Monday following the press release and surged an additional 9% on Tuesday. Trump Media has attracted a lot of short-sellers since it went public last month, mostly due to the fact that it generated $58 million in losses on just $4 million in revenue last year. AdvertisementAccording to recent short-interest data, nearly 6 million shares of Trump Media are sold short, or about 8% of the company's share float.

Persons: Trump, —, Donald Trump's, TMTG Organizations: Trump Media, Service, Technology

☆ Musk's visit to China was a much-needed win for both sides — and a snub to India
▼ + stars: | 2024-04-30 | by ( Meghan Morris | ) www.businessinsider.com time to read: +5 min

And Musk notably skipped a recent visit to India, underscoring how important China is for Tesla. AdvertisementElon Musk's two-day trip to Beijing looks like a mutually-beneficial win for Tesla and for China — and a snub for India. AdvertisementMusk needs China — but China also needs Musk, as a sign that the country is open for business with high-profile US companies. Musk's visit was going to include an announcement about Tesla entering India, Reuters reported. AdvertisementMusk's India visit would have been a win for Modi, who is seeking to boost India's status as a manufacturing hub, especially as businesses leave China.

Persons: Elon Musk, —, Elon Musk's, China —, Premier Li Qiang, That's, Tesla, Dan Ives, Ives, India Musk, Janet Yellen, Antony Blinken, Musk, crackdowns, Bain —, Narendra Modi, Musk's, Modi Organizations: Tesla, Service, India, Premier, Baidu, Reuters, EV, FSD, Financial Times, China, Communist Party, Gucci, Apple Locations: China, Beijing, India, Shanghai

☆ Congestion Pricing Will Start on June 30 in New York City, M.T.A. Says
▼ + stars: | 2024-04-26 | by ( Ana Ley | More About Ana Ley | ) www.nytimes.com time to read: +1 min

The first congestion pricing program in the United States will begin in New York City on June 30, the Metropolitan Transportation Authority announced on Friday, signaling the possible end of a bitter fight over a plan that promises to ease some of the worst traffic in the nation. With months still to go before the program’s scheduled rollout, legal and political clashes still threaten to dilute or stop it altogether. Philip D. Murphy of New Jersey, influential unions and some elected New York City officials — have ratcheted up a long-running effort to keep congestion pricing from taking effect. Under the program, most passenger cars will be charged $15 a day to enter a congestion zone below 60th Street in Manhattan. Taxi fares would increase by $1.25, and Uber and Lyft fares would rise by $2.50.

Persons: Philip D, Murphy, Uber Organizations: Metropolitan Transportation Authority, Gov, New York, Trucks Locations: United States, New York City, Murphy of New Jersey, Manhattan

☆ White House unbowed on support for Israel despite growing frustration from progressives and unrest on campuses
▼ + stars: | 2024-04-26 | by ( Kayla Tausche | Mj Lee | ) edition.cnn.com time to read: +6 min

This week’s rapid spread of college campus encampments meant to protest the war has ratcheted up the pressure on the US over its support for Israel. Second gentleman Doug Emhoff spoke by phone with two Jewish leaders on campus, a White House official said, to discuss the immediate need to address antisemitism on college campuses. Despite being just miles from Columbia and the most tense scenes of the protests, Biden will not be making a visit to campus as he holds events in the New York area Friday. The White House must by May 8 certify whether Israel is complying. And while Sanders sought assurances from Biden on how he was approaching the situation, the president remained characteristically diplomatic, Shakir, the Sanders adviser said.

Persons: Joe Biden, Sen, Bernie Sanders, Biden, Sanders, Biden –, ‘, ” Faiz Shakir, Joe, Doug Emhoff, Mike Johnson, Johnson, ” Johnson, ” Biden, Benjamin Netanyahu, Netanyahu, Shakir, “, CNN’s Sam Fossum Organizations: York, York City CNN, Democratic, CNN, Israel, Columbia University, White, Republican, Representatives, National Guard, Harvard Kennedy School’s Institute, Politics, Israeli, Hamas, Biden Locations: York City, Virginia, Vermont, Gaza, Israel, Columbia, New York

☆ I just watched Critical Role's heartbreak prince make fans lose their minds for 6 hours on Twitch. It shows why his crew rules nerd world.
▼ + stars: | 2024-04-26 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +4 min

Critical Role promotes the game by streaming it on their Twitch channel to their 1.3 million fans . AdvertisementThe latest three-episode installment of Candela is helmed by Critical Role core cast member Liam O'Brien, who I once called the crew's heartbreak prince. "You are not going to feel like an overpowered warrior in this game," O'Brien told me. To be sure, Critical Role and the projects the company is running, from animation to new tabletop games, are prime targets for investment in nerd world. AdvertisementFollowing their sold-out live show at London's Wembley Arena, Critical Role on Thursday announced that they're taking the game to a live venue in Los Angeles.

Persons: —, Denis Villeneuve's, who've, Liam O'Brien, Taliesin Jaffe, Imari Williams, Aimee Carrero, Alexander Ward, O'Brien ratcheted, O'Brien, Williams Organizations: Service, YouTube, Business, Darrington Press, CR, Amazon, London's Wembley, United Theater Locations: Los Angeles, LA

☆ Blinken tells CNN the US has seen evidence of China attempting to influence upcoming US elections
▼ + stars: | 2024-04-26 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +7 min

Beijing CNN —US Secretary of State Antony Blinken said the US has seen evidence of Chinese attempts to “influence and arguably interfere” with the upcoming US elections, despite an earlier commitment from leader Xi Jinping not to do so. Then, Xi had pledged that that China would not do so, according to CNN reporting. The US believes that Chinese support is enabling Russia to ramp up production of tanks, munitions and armored vehicles – and to continue its onslaught on Ukraine. Instead, they characterized this as trade with Russia and said Moscow’s success didn’t depend on China, Blinken added. He also stressed the importance of such expression in democracies, without explicitly noting the lack of such freedoms in China.

Persons: Antony Blinken, Xi Jinping, Blinken, Kylie Atwood, Xi, Joe Biden, ” Blinken, Biden, —, Russia Blinken, Wang Yi, ”, who’ve, we’ve, it’s, that’s, Jennifer Hansler Organizations: Beijing CNN —, Moscow, CNN, Biden, Russia, “, Israel Locations: Beijing, China, American, San Francisco, Canada, Russia, Ukraine, Gaza, Iran, Israel, Palestinian, Saudi Arabia

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