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☆ Jenny Nicholson breaks down Disney’s ‘Star Wars’ hotel closure
▼ + stars: | 2024-05-23 | by ( Aj Willingham | ) edition.cnn.com time to read: +6 min

Some of her most popular videos cover shows and movies like “The Vampire Diaries,” “Pirates of the Caribbean” and installments in the “Star Wars” franchise. None of them are nearly as long as her most recent video, “The Spectacular Failure of the Star Wars Hotel.”Over the course of 20 video chapters, Nicholson details her 2022 stay at the “Star Wars: Galactic Starcruiser” hotel in Orlando, Florida. The tale is likely familiar to Disney and Star Wars fans, many of whom heard about the high-dollar, high-concept hotel and its closure in 2023. The big draw of the hotel lay in what Disney marketing called an “immersive, customizable Star Wars experience” that Nicholson equated to LARPing, or live-action roleplaying. “I couldn’t care less about some dumb Star Wars hotel, but give me those 4 hours,” one X user said.

Persons: YouTuber Jenny Nicholson, ”, Nicholson, Allen J, Gen, Disney, Bob Iger, CNN’s Natasha Chen Organizations: CNN, Disney, Walt Disney, ” “ Pirates, “, Wars, Star Wars, Los Angeles Times, Star, Google, Magic, Orlando’s Walt Disney, Disney Parks, Galactic, ’ Locations: Caribbean, Orlando , Florida, Walt, Orlando’s, Anaheim, Florida

☆ Judge holds first hearing since delaying Trump classified documents trial and criticizing special counsel
▼ + stars: | 2024-05-22 | by ( Tierney Sneed | ) edition.cnn.com time to read: +4 min

US District Judge Aileen Cannon will hear arguments from defense attorneys on two separate bids to throw out charges in the case. Trump is accused by special counsel Jack Smith of taking classified national defense documents from the White House after he left office and of resisting the government’s attempts to retrieve the materials. Trump has obtained permission from the judge to skip Wednesday’s proceedings, which will start at 10 a.m. On Tuesday, hundreds of pages of previously sealed court filings were posted publicly as part of efforts by the former president to have the charges against him thrown out. She expressed “concern” the special counsel’s office had sought redactions of information in the newly unsealed filings after previously giving its OK for that information to be published in full in earlier court filings.

Persons: Donald Trump, Aileen Cannon, Walt Nauta, vindictively, Trump, Jack Smith, Carlos De Oliveira, Cannon, White, Donald Trump’s Mar, –, she’s, ” Cannon, “, ” Organizations: CNN, White, Nauta, Trump, US Department of Justice Locations: Florida, Lago, Fort Pierce , Florida, Palm Beach , Florida, Washington ,

☆ Hunter Biden trial on tax charges delayed until September
▼ + stars: | 2024-05-22 | by ( Cheri Mossburg | Holmes Lybrand | ) edition.cnn.com time to read: +1 min

CNN —Hunter Biden’s trial on tax charges has been moved to September 5, after the judge presiding over the case made Biden’s attorney promise he would not seek further delays. Hunter Biden, the son of President Joe Biden, has been accused of engaging in a tax-avoidance conspiracy for several years as he funded a lavish lifestyle as well as purchasing and possessing a firearm while using illegal drugs. Biden’s efforts to delay the gun trial in Delaware have repeatedly failed. “The time to try this case is now,” said prosecutor Leo Wise, who opposed the motion. “In this court, we like to set schedules and keep them, said Judge Mark Scarsi.

Persons: CNN — Hunter, Abbe Lowell, Biden, Hunter Biden, Joe Biden, ”, Leo Wise, “, Lowell, Wise, Mark Scarsi Organizations: CNN Locations: Delaware

☆ Boeing Starliner historic crewed launch delayed again indefinitely
▼ + stars: | 2024-05-22 | by ( Deblina Chakraborty | ) edition.cnn.com time to read: +5 min

“The team has been in meetings for two consecutive days, assessing flight rationale, system performance, and redundancy,” NASA said in a statement. Boeing’s historic goalsNASA astronauts Suni Williams (left) and Butch Wilmore pose on April 25 ahead of the planned Starliner launch attempt. Boeing designed the Starliner to rival SpaceX’s prolific Crew Dragon capsule and expand US options for ferrying astronauts to the space station. Meanwhile, Boeing’s rival under NASA’s commercial crew program — SpaceX — has become the go-to transportation provider for the space agency’s astronauts. Williams and Wilmore were already in their seats aboard the Starliner capsule May 6 when engineers found an issue and halted the launch.

Persons: CNN —, Suni Williams, Butch Wilmore, Joe Skipper, Bill Nelson, —, ”, Williams, SpaceX —, Wilmore, CNN’s Jackie Wattles, Ashley Strickland Organizations: CNN, NASA, Boeing, Atlas V, International Space, Mercury, Gemini, Apollo, SpaceX, United Launch Alliance, V Locations: Houston, United States

☆ Jamie Dimon is worried about how much the US is borrowing. Here’s why
▼ + stars: | 2024-05-21 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

New York CNN —Major business leaders and economists are worried about America’s growing debt problem. Last week, JPMorgan CEO Jamie Dimon expressed fear that a crisis is looming and that unchecked deficit spending could explode. The big picture: Between the Trump-era tax cuts and Covid-era stimulus programs, the national debt has exploded in recent years. Trump Media (DJT) reported a loss of $327.6 million during the first three months of the year, compared with a loss of $210,300 a year earlier. The company generated just $770,500 of revenue, marking the second-straight quarter where its revenue totaled less than $1 million.

Persons: Jamie Dimon, ”, ” Dimon, “, Ray Dalio, Columbia Business School Glenn Hubbard, Joe Biden’s, Jason Thomas, Carlyle, ” Thomas, Hanna Ziady, Liz Truss, Treasuries, Hubbard, Thomas, it’s, Donald Trump, Matt Egan, Devin Nunes, Martin Gruenberg, Elisabeth Buchwald, ” Gruenberg, Sen, Sherrod Brown, Gruenberg, He’s, Cleary Gottlieb Steen, Gruenberg’s, Gruenberg Organizations: CNN Business, Bell, New York CNN —, JPMorgan, Sky News, Financial, Columbia Business School, United, CNN, IMF, Congressional, Office, Peterson Foundation, Treasury, Trump Media, Trump Media & Technology Group, Truth Social, Company, Big Tech, ” Trump Media, Federal Deposit Insurance Corporation, Senate Banking Committee, FDIC, Hamilton Locations: New York, Bridgewater, United States, —, United, United Kingdom

☆ A Gen Xer who barely lives above the poverty line sells plasma to cover her rent because she doesn't qualify for government assistance: 'There's a lot of praying and just hanging on.'
▼ + stars: | 2024-05-21 | by ( Allie Kelly | ) www.businessinsider.com time to read: +4 min

Kelley used to drive 30 minutes across the Kentucky border every morning to work as a security guard. A growing number of American households can barely pay their bills but make too much to qualify for government assistance. Kelley can't afford healthcare and has started selling her plasma for extra moneyKelley said her top expenses are housing and food. She also said it's a lot more difficult to qualify for government assistance since she isn't actively supporting children. "If you make too much, there's no help; if you are healthy, there's no help; if you don't have kids, there's no help."

Persons: —, Lisa Kelley, Kelley, she's, ALICE —, ALICE, I've, She's, isn't Organizations: Service, Business, Survey, United Way's, Medicare Locations: Cincinnati, Kentucky, DollarTree

CNBC reached out to the SEC about the recent batch of Wells notices sent to crypto firms, and an agency spokesperson declined to comment. Exchanges, both centralized and decentralized, would be forced to choose between registering with the SEC, or delisting ether altogether. watch nowBoth Consensys and Uniswap suggest the SEC's broad approach to classifying securities may be outdated. "The SEC is arguing that the Uniswap protocol is an unregistered securities exchange, and that the Uniswap interface and wallet are both unregistered broker brokers," Ammori said. Uniswap argues in its response to the SEC that the majority of its trading volume is obvious nonsecurities, like ether, bitcoin and stablecoins.

Persons: Marvin Ammori, “ Ammori, Wells, Consensys, overreach, Joseph Lubin, Lubin, “, —, Christopher Gerold, Laura Brookover, Brookover, ethereum, Bill Hinman, Hinman, Patrick McHenry, Gary, Crypto, haven't, Uniswap, Ammori, there's, Alma Angotti, Guidehouse, Coinbase, We've, Christina Rea, We're, CNBC's Jordan Smith Organizations: Securities and Exchange Commission, Uniswap, SEC, Ethereum Foundation, CNBC, Security, New, New Jersey Bureau of Securities, Consensys, Securities, Exchange Commission's, of Corporation Finance, Rep, Robinhood Locations: U.S, Lubin, New Jersey, ethereum, R

☆ Sources say they were ‘duped’ by Egypt changing ceasefire terms for Hamas
▼ + stars: | 2024-05-21 | by ( Alex Marquardt | Jeremy Diamond | ) edition.cnn.com time to read: +8 min

The ceasefire agreement that Hamas ended up announcing on May 6 was not what the Qataris or the Americans believed had been submitted to Hamas for a potential final review, the sources said. “We were all duped,” one of those sources told CNN. More of Hamas’ demands were inserted into the original framework that Israel had tacitly agreed to in order to secure Hamas’ approval, the source said. After discovering the Egyptian freelancing, Qatari Prime Minister Mohammed bin Abdulrahman bin Jassim Al Thani informed Israel’s intelligence service Mossad that Egypt had acted alone, two of the sources told CNN. The day before Hamas made their May 6 public announcement agreeing to the proposal, an Egyptian source told CNN that Egypt had received Hamas’ response and relayed it to the Israeli side.

Persons: Israel, Bill Burns, Burns, ”, Ahmed Abdel Khalek, Abdel Khalek, Abbas Kamel, ’, Abdel Kareem Hana, Antony Blinken, Mohammed bin Abdulrahman bin Jassim Al Thani, Benjamin Netanyahu, “, Bill Burns Bill Clark, Biden, Yahya Sinwar doesn’t, Critics of Netanyahu Organizations: CNN, Hamas, CIA, US, Biden, Military Locations: Gaza, Qatar, Israel, Egypt, Al Thani, Cairo, Washington, Rafah

☆ Federal appeals court rejects Hunter Biden’s latest bid to pause gun trial
▼ + stars: | 2024-05-21 | by ( Marshall Cohen | ) edition.cnn.com time to read: +3 min

CNN —A federal appeals court on Tuesday rejected the latest attempt by Hunter Biden to pause his upcoming gun trial while the president’s son pursues some long-shot appeals. The quick decision came from the same three-judge panel that previously rejected one of Hunter Biden’s attempts to throw out the indictment. This is one of several bids by Hunter Biden to slow down or postpone his gun trial. Hunter Biden testified at a court hearing last year that he has been sober since 2019. That trial is scheduled for late June, a few weeks after the gun case is expected to wrap up.

Persons: Hunter Biden, Hunter Biden’s, Joe Biden, hasn’t, David Weiss, he’s, Weiss, Hunter, Beau Biden, Prosecutors, Weiss ’, Hallie Biden, Biden’s, Beau, Hallie Biden’s, ” Weiss ’, Stuart Goldberg Organizations: CNN, Republican, Democratic, Justice Department, Justice Locations: Delaware, California, Los Angeles

☆ Inside Oracle's Deadly Gamble on Cerner and Electronic Health Records
▼ + stars: | 2024-05-20 | by ( Ashley Stewart | Blake Dodge | ) www.businessinsider.com time to read: +29 min

That was the promise of Cerner, the medical-records company Oracle bought in 2021 for $28.3 billion — Oracle's biggest acquisition. At the time, Cerner managed the electronic health records for a quarter of all American hospitals, including those run by the Pentagon and the Department of Veterans Affairs. Larry EllisonCerner's electronic records, in short, were a deadly disaster for the VA. Never mind the futuristic, AI-driven healthcare system Ellison envisioned. In 2015, it beat out Epic, its main competitor, for a $4.3 billion contract to handle electronic health records for the Defense Department. It had agreed to process tens of millions of crucial medical records, but it couldn't handle the subsequent deluge of data.

Persons: Larry Ellison's, Ellison, Cerner, I'm, Larry Ellison, Neal Patterson, Cerner's, Patterson, Ellison's, they're, David Shulkin, Margaret Albaugh, Cerner couldn't, Charlie Bourg, —, Larry, Marc Benioff, Ellison protégé, Mike Wilson, David Agus, oncologist, Agus, he'd, Steve Jobs, Sensei, We've, Georges De Keerle, Cerner —, hadn't, Mike Sicilia, Sicilia, Oracle, Anthony Jones Jr, Jones, Donald Remy, didn't, Seema Verma, Neil Evans, Sara Vaezy, Ed Meagher, haven't, Charlie Monroe —, it's, Charlie Bourg —, Bourg, Charlie Monroe, Monroe, Cathy McMorris Rodgers, grandkids, We're, there's Organizations: Oracle's, Oracle, Pentagon, Department of Veterans Affairs, Cerner, RAND Corporation, RAND, Big Tech, GE, Siemens, Cerner Corporation, Defense Department, Department of Defense, Business, Spokane, Ellison Institute of Technology, Microsoft, Agency, Health, Amazon, Veterans ' Affairs, Oracle Health, Navy, Columbus VA, BI, Life Sciences, Intermountain Health, UPMC, DOD, Seabees Locations: Las Vegas, antiaging, Silicon Valley, Spokane , Washington, Cerner, VistA, Bourg, Washington, Sicilia, Ohio, Columbus, Providence, Spokane, Monroe, CloudWorld

☆ Teen resuscitated from cardiac arrest after drinking Panera Charged Lemonade, lawsuit alleges
▼ + stars: | 2024-05-20 | by ( Elizabeth Chuck | ) www.cnbc.com time to read: +5 min

A Pennsylvania teenager had to be resuscitated in March when he went into cardiac arrest after drinking Panera Bread's highly caffeinated Charged Lemonade, a lawsuit says. His ordeal was first reported by the Pittsburgh Post-Gazette several days before Panera announced it was discontinuing its Charged Lemonade. Charged Lemonade contains caffeine from multiple sources, including the stimulant guarana extract. Previously, it had advertised its Charged Lemonade as "Plant-based and Clean" with as much caffeine as its dark roast coffee. During his hospital stay, they implanted a subcutaneous defibrillator, a device that will shock Adams' heart if he has a life-threatening heart rhythm in the future.

Persons: Luke Adams, Adams, Panera, Andrew Pogozelski, Pogozelski, Sarah Katz, Dennis Brown, Lauren Skerritt, Lisa Feyes, Luke Organizations: Eastern District of Pennsylvania, NBC News, Allegheny Health Network's Forbes Hospital, Pittsburgh Post, University of Pennsylvania, Drug Administration Locations: Monroeville, Eastern District, Pennsylvania, Adams, Florida, Rhode

☆ DJT: Trump Media reports $770,500 revenue for first quarter, net loss of $327.6 million
▼ + stars: | 2024-05-20 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

This photo illustration shows an image of former President Donald Trump reflected in a phone screen that is displaying the Truth Social app, in Washington, DC, on February 21, 2022. Trump Media & Technology Group, the parent company of Donald Trump's Truth Social platform, disclosed a net loss of $327.6 million in the first quarter of the year, with total revenue at $770,500, according to its earnings report, filed Monday with the Securities and Exchange Commission. "We are particularly excited to move forward with live TV streaming by developing our own content delivery network, which we believe will be a major enhancement of the platform," Nunes added. In April, the company announced that Truth Social would launch a TV streaming platform in three phases, the first for Android, iOS, and Web. In its Q1 report, TMTG said it has signed contracts with its first data center partner, which would host the TV platform, and a hardware vendor to provide equipment.

Persons: Donald Trump, Donald Trump's, Devin Nunes, Nunes, TMTG Organizations: Trump Media & Technology Group, Securities and Exchange Commission, Nasdaq, Android, SEC, BF Locations: Washington ,

☆ Senate Banking Chair Sherrod Brown calls for new FDIC leadership after misconduct report
▼ + stars: | 2024-05-20 | by ( Josephine Rozzelle | ) www.cnbc.com time to read: +1 min

Sen. Sherrod Brown, D-Ohio, on Monday called on President Joe Biden to replace Federal Deposit Insurance Corporation Chairman Martin Gruenberg after allegations of widespread sexual harassment and misconduct within the agency. There "must be fundamental changes at the FDIC," Brown, who chairs the Senate Committee on Banking, Housing, and Urban Affairs, said in a statement. With his statement, Brown broke from fellow Democrats, who have largely condemned the allegations but refrained from pushing for Gruenberg's resignation, instead calling for him to drive changes at the agency. Law firm Cleary Gottlieb in April released a scathing report detailing an alleged culture of "sexual harassment, discrimination, and other interpersonal misconduct" at the FDIC. In one instance, Gruenberg allegedly screamed profanities at employees after they delivered bad news, the report said.

Persons: Sen, Sherrod Brown, Joe Biden, Martin Gruenberg, Brown, Cleary Gottlieb, Gruenberg Organizations: Federal Deposit Insurance, FDIC, Banking, Housing, Urban Affairs, Senate, Biden, Employees Locations: Ohio

☆ Hunter Biden tries again to delay gun trial two weeks before start date
▼ + stars: | 2024-05-20 | by ( Marshall Cohen | ) edition.cnn.com time to read: +6 min

CNN —Hunter Biden is once again trying to delay his fast-approaching trial on felony gun charges, which is scheduled to begin in two weeks. In addition to the gun case, Biden is facing a federal tax indictment in California. He is also pursuing appeals in that case and trying to delay that trial, which is scheduled to begin in late June after the expected conclusion of the gun trial. The saga put President Biden in an uncomfortable spot, and he publicly acknowledged his granddaughter for the first time last summer. In addition, they want to ask whether potential jurors have ever bought a gun and how they feel about various restrictions on gun possession.

Persons: CNN — Hunter Biden, –, he’s, Robert Hunter Biden, Biden, David Weiss, Joe Biden’s, Weiss, General Merrick Garland, Hunter Biden, ”, Maryellen Noreika, Lunden Roberts, Clint Lancaster, Hunter, Lancaster, Roberts, Biden’s Organizations: CNN, Monday, Trump, Biden, Lawyers, Arkansas Democrat, Gazette Locations: Wilmington , Delaware, California, Delaware, Arkansas, United States

☆ Social Security's 'biggest myth' leads people to claim early, expert says. Even a slight delay can boost retirement income
▼ + stars: | 2024-05-19 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

Nevertheless, 75% of adults ages 50 and up believe Social Security will run out in their lifetime, a 2023 Nationwide Retirement Institute survey found. When people claim Social SecurityMoreover, data shows retirees often don't wait until they are able to receive 100% of the benefits they've earned. The full retirement age is generally between 66 and 67, depending on an individual's birth date. For every year beneficiaries wait past their full retirement age up to age 70, they stand to get an 8% benefit increase. Every month increases your benefitsNevertheless, experts say it's still generally best to delay claiming retirement benefits.

Persons: Emerson Sprick, they've, —, Warren Buffett's, Suzanne Shu, John Payne, Teresa Ghilarducci, Sprick Organizations: Security, Center, Social, Institute, Social Security Administration, Finance, Cornell University SC Johnson College of Business, Duke University Fuqua School of Business . Workers, The New School for Social Research, CNBC Locations: New

☆ A former Google recruiter shares 4 emails to send hiring managers to avoid getting mistakenly ghosted — and when to move on
▼ + stars: | 2024-05-18 | by ( Alyshia Hull | ) www.businessinsider.com time to read: +6 min

Read previewThis as-told-to essay is based on a conversation with Nolan Church, a 35-year-old former recruiter for Google and Doordash from Salt Lake City. As a former recruiter at Google and the ex-head of talent at DoorDash, I've seen my fair share of candidates get ghosted by jobs they've interviewed for, and I've definitely ghosted candidates, too, but never intentionally. Recruiters forgetWhen candidates interview for a role and think, "I really want this job, but I'm not hearing back," I advise them to email the recruiter. One way to follow up with a recruiter is to send them a thank-you email within 24 hours after the interview. Recruiters are talking to other candidatesIf a candidate gets ghosted early in the hiring process, the recruiter is most likely talking to other candidates.

Persons: —, Nolan, I've, they've, aren't, it's, hasn't, you've, haven't, that's Organizations: Service, Nolan Church, Google, Business, Hey Locations: Salt Lake City

CNN —Rudy Giuliani was served Friday with notice of his indictment related to an alleged scheme to overturn the 2020 election results in Arizona, according to Arizona Attorney General Kris Mayes. Richie Taylor, a spokesperson for Mayes, previously told CNN that the attorney general’s office had tried for weeks to locate Giuliani. An attendee of the party told CNN that Giuliani was served papers by two agents of the Arizona attorney general’s office in the late hours of the birthday bash. They must concede they can’t count votes.”Hours later, Giuliani was served notice of the indictment. The Arizona indictment is just the latest legal woe for Giuliani stemming from his time as Trump’s attorney after the 2020 presidential election.

Persons: CNN — Rudy Giuliani, Kris Mayes, “, ” Mayes, Giuliani, ”, Richie Taylor, Mayes, Caroline Wren, Kari Lake, ” “, —, Ted Goodman, can’t, Donald Trump’s, Pence, John Eastman, CNN’s Zachary Cohen, Holmes Lybrand Organizations: CNN, GOP, New, New York City, Trump, Dominion Locations: Arizona, Palm Beach , Florida, New York, Phoenix, Georgia

☆ Ukraine’s foreign minister blames ‘everyone who is not doing enough’ for recent battlefield setbacks
▼ + stars: | 2024-05-18 | by ( Eve Brennan | ) edition.cnn.com time to read: +3 min

Kuleba’s comments come after Moscow has ramped up its offensive in northern Ukraine. Vovchansk, in the northern Kharkiv region, has faced an onslaught, with Russian forces claiming to control surrounding villages, forcing civilians to flee. A pillar of smoke rises from behind apartment blocks after the shelling of Russian troops in Kharkiv on Friday. Ukrinform/NurPhoto/Getty ImagesAnalysts say Russia was prepared for the hiatus in Western military aid to Ukraine and has exploited it for its own gain. It comes as Kyiv’s forces are thinly stretched, with much less artillery than the Russians, inadequate air defenses and a lack of soldiers.

Persons: Dmytro Kuleba, “, ” Kuleba, Jim Sciutto, ” George Barros, Kuleba, ”, Ogirenko, Tim Lister Organizations: CNN, Ukrainian, Lennart, Conference, Russian, Kharkiv, Getty, Analysts, Institute for, Ukraine Locations: Tallinn, Estonia, Ukraine, Moscow, Vovchansk, Kharkiv, Russia, Washington, Ukrainian, Donetsk region

☆ Millennials have a fresh take on the FIRE movement, and it's less about taking it easy in retirement
▼ + stars: | 2024-05-18 | by ( Noah Sheidlower | Kathleen Elkins | ) www.businessinsider.com time to read: +12 min

BI spoke to a dozen millennials who have achieved or are on track to achieve financial independence. Brad Barrett, the host of the "ChooseFI" podcast, said "vanishingly few" people with the wherewithal to reach financial independence are retiring early. AdvertisementHe argued that achieving financial independence and hitting a specific number is "the simplest part." Advertisement"I defined myself by the pursuit of financial independence," Sabatier, the author of "Financial Freedom," said. Don't delay figuring out what you really want, why you're pursuing financial independence, and what you want to do after."

Persons: Jace Mattinson, Mattinson, Jace Mattison, Jace Mattison Mattinson, Motley, they're, Millennials, millennials, Scott Rieckens, Brad Barrett, you've, Bill Schaninger, Naina Dhingra, Schaninger, Mitch, —, Brian Luebben, Grant Sabatier, Sabina Horrocks, She's, she'd, Michelle Schroeder, Gardner, Wes, I'm, Lauren, Steven Keys, Steven, you'll, We're Organizations: he'd, Business, FIRE, Facebook, McKinsey, FI, Academy, Marketing Locations: Austin, Minnesota

☆ No ‘cop on the beat’: Why the SEC may deny new ether ETFs this month
▼ + stars: | 2024-05-18 | by ( Emily Glass | ) www.cnbc.com time to read: +2 min

The U.S. Securities and Exchange Commission is expected to make a key decision on approving ether exchange-traded funds next week. Edelman, an investor and personal finance author, thinks there needs to be an emphasis on regulations to protect people from crypto scams. We've seen the bitcoin ETFs come to market. We've seen the great things they've done for investors — lowering costs, improving regulation, improving sort of safety, security and peace of mind.," Hougan said. The two ether ETF proposals, submitted by VanEck and ARK Investments/21Shares, are set to be approved or denied this month.

Persons: Ric Edelman, Edelman, CNBC's, Gary, Gensler, Matt Hougan, Bitwise, We've, Hougan, VanEck Organizations: U.S . Securities, Exchange, Digital Assets, Financial Professionals, SEC, ARK Investments

☆ Live updates: Israel-Hamas war, Rafah invasion looms, Arab League summit in Bahrain
▼ + stars: | 2024-05-17 | by ( Leinz Vales | ) edition.cnn.com time to read: +1 min

Members of the U.S. Army, U.S. Navy and the Israeli military put in place the Trident Pier, a temporary pier to deliver humanitarian aid, on the Gaza coast on May 16. The content of the ships is inspected in Cyprus, then the aid is moved on the pier by trucks already on the ships to a facility on shore. This is where the UN would oversee the process of loading the aid on local trucks and send the aid to north and south Gaza, the official explained. Since the content was already searched in Cyprus, the UN doesn’t expect much delay at Israeli checkpoints except to inspect drivers’ paperwork. The aid will go to the northern part of the strip on one day and to the south on the next.

Organizations: U.S . Army, U.S . Navy, Trident, . Central Command, Reuters, UN, CNN Locations: Gaza, Cyprus

☆ Vietnam reportedly forfeits billions of dollars in foreign aid amid anti-graft freeze
▼ + stars: | 2024-05-17 | by ( ) www.cnbc.com time to read: +2 min

Vietnam forfeited at least $2.5 billion in foreign aid over the last three years and may lose another $1 billion because of administrative paralysis, the United Nations, the World Bank and Western donors told the government in a letter seen by Reuters. Vietnam forfeited at least $2.5 billion in foreign aid over the last three years and may lose another $1 billion because of administrative paralysis, the United Nations, the World Bank and Western donors told the government in a letter seen by Reuters. Two senior foreign officials interviewed by Reuters directly linked the administrative hurdles to the "blazing furnace" anti-graft drive, echoing similar comments from other diplomats and officials in recent months. The anti-graft drive has created a sort of paralysis, in which bureaucrats are slow to approve or advance initiatives because they fear accidentally violating complex regulations. The U.N. and the World Bank said they kept working closely with the government on projects, with the U.N. acknowledging in a statement to Reuters that there were "challenges" for the use of funding.

Persons: Pham Minh Chinh Organizations: United Nations, World Bank, Reuters, European Union, Japan, Asian Development Bank Locations: Vietnam, Communist, United States

☆ Historic Starliner crewed launch attempt delayed again as teams continue to assess helium leak
▼ + stars: | 2024-05-17 | by ( Deblina Chakraborty | Madeline Holcombe | ) edition.cnn.com time to read: +5 min

CNN —The target date for the highly anticipated inaugural crewed mission of Boeing’s Starliner spacecraft has moved yet again. The update comes just days after Starliner teams reported a small helium leak in the service module of the spacecraft. Boeing designed the Starliner to rival SpaceX’s prolific Crew Dragon capsule and expand US options for ferrying astronauts to the space station. Meanwhile, Boeing’s rival under NASA’s commercial crew program — SpaceX — has become the go-to transportation provider for the space agency’s astronauts. Williams and Wilmore were already in their seats aboard the Starliner capsule May 6 when engineers found an issue and halted the launch.

Persons: Starliner’s, Suni Williams, Butch Wilmore, Williams, Wilmore, NASA’s, Bill Nelson, —, ”, SpaceX —, CNN’s Jackie Wattles, Ashley Strickland Organizations: CNN, NASA, Boeing, Atlas V, NASA’s Kennedy Space Center, International Space, Mercury, Gemini, Apollo, SpaceX, United Launch Alliance, V Locations: Houston, Florida, United States

☆ 1 in 7 Gen Z credit card users are ‘maxed out’
▼ + stars: | 2024-05-17 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

CNN —Ariel Barnes plunged into a credit card debt spiral in college, and a decade later she’s yet to escape. Barnes, a manager of gift processing at Jackson State University, has maxed out seven credit cards and is struggling to make minimum payments on $30,000 of credit card debt. Roughly one in seven (15.3%) Gen Z credit card borrowers have maxed out their credit cards, according to new research from the Federal Reserve Bank of New York. For instance, the median Gen Z borrower’s credit limit is just $4,500, compared with $16,300 for Millennials and $21,800 for Gen X, the NY Fed said. There’s never a good time to carry a credit card balance, but right now is arguably the worst time.

Persons: CNN — Ariel Barnes, Barnes, ” Barnes, Baby Boomer, Xers, ”, “ I’ve, Zers, Ted Rossman, Gregory Daco, ” Daco, haven’t, X, it’s, There’s, That’s, Daco, CNN’s Alicia Wallace Organizations: CNN, Jackson State University, Federal Reserve Bank of New, Fed, NY Fed, Bankrate.com, Wall, NY, Federal Locations: Jackson , Mississippi, Federal Reserve Bank of New York

☆ PGA Championship: How players reacted to fatal accident, Scottie Scheffler’s arrest
▼ + stars: | 2024-05-17 | by ( Jim Trotter | ) www.nytimes.com time to read: +6 min

Advertisement“I pulled up the local news station trying to figure out what was going on, and the first thing I saw was Scottie (Scheffler) had been put in handcuffs,” he said. Sitting in bumper-to-bumper traffic, the Dallas native said he received word that Scheffler’s arrest caused the stoppage. Play eventually was delayed one hour and 20 minutes, to 8:35 a.m.Brian Harman, right, shakes Scottie Scheffler’s hand during their round Friday. “I was a bit shook about what happened on both the scenarios,” Min Woo Lee said of Scheffler’s arrest and Mills’ death. Fans may have focused on Scheffler, but many of the players were equally concerned about Mills and his family.

Persons: — Austin Eckroat, ”, “, Scheffler, John Mills, Bryan Gillis, Gillis, ” Harris, Scottie, …, you’ve, Will Zalatoris, Zalatoris, Eckroat, Cameron Young, They’re, ” Zalatoris, Brian Harman, Scottie Scheffler’s, Michael Reaves, Collin Morikawa, Min Woo Lee, Mills, Lee, ” Morikawa, ” Said Mark Hubbard, I’m, That’s, ” Hubbard Organizations: Valhalla Golf, PGA, Rover, Dallas, America, ESPN, Louisville Locations: LOUISVILLE, Ky, Valhalla

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