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☆ Oil falls as Fed policymakers look to maintain rate cuts, gasoline stocks rise
▼ + stars: | 2024-05-31 | by ( ) www.cnbc.com time to read: +2 min

An oil pump jack at the New Harmony Oil Field in Grayville, Illinois, US, on Sunday, June 19, 2022. Oil prices fell early on Friday as investors responded to comments from U.S. Fed officials who said it was too soon to start considering rate cuts, and following a surprise build in U.S. gasoline stocks that weighed on the market. "I think it's too soon to really be thinking about rate cuts." Meanwhile, U.S. crude oil inventories fell 4.2 million barrels to 454.7 million barrels in the week ending on May 24, the Energy Information Administration said on Thursday, compared with expectations in a Reuters poll for a 1.9 million-barrel draw. Stocks were up 2 million barrels for the week to 228.8 million barrels, the EIA said, compared with expectations for a 400,000-barrel draw.

Persons: Lorie Logan, Logan, Stocks Organizations: New Harmony Oil, Fed, Brent, U.S, West Texas, Dallas Federal, Energy Information Administration, EIA, of, Petroleum Locations: Grayville , Illinois, U.S, El Paso , Texas, OPEC, Saudi Arabia, Russia

☆ Robert De Niro says 'justice has been served' after New York jury convicts Donald Trump in his hush money trial. Here's a timeline of their 13-year feud.
▼ + stars: | 2024-05-31 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +2 min

2023: De Niro reignites the feud during the press "Killers of a Flower Moon" press tour. Robert De Niro criticized Trump over his handling of COVID. However, ahead of the 2024 election, De Niro began speaking out about Trump again as he promoted his upcoming movie "Killers of a Flower Moon." Imagine how insane that is," De Niro said, referring to Trump. And I want to read it," De Niro said before bringing out his phone to read the original speech.

Persons: Niro, Robert De Niro, Trump, David Dee Delgado, De Niro's, De Niro, Apple, Rolling Stone Organizations: Trump, Variety, Cannes Film, Gotham, De Locations: New York City

☆ Auroras could appear over the next week as solar activity increases
▼ + stars: | 2024-05-31 | by ( Ashley Strickland | ) edition.cnn.com time to read: +8 min

The center, a division of the National Weather Service, issued a modern geomagnetic storm watch, known as a G2, for Friday and Saturday. Unlike the G5, or extreme geomagnetic storm, that occurred on May 10, moderate storm watches are not uncommon, according to the center. But the aurora-causing solar flares and coronal mass ejections currently spewing from the sun are a result of the same sunspots that triggered solar activity in May, according to Dr. Ryan French, solar physicist at the National Solar Observatory in Boulder, Colorado. “The frequency of things is decreasing, but you only need one to cause a large geomagnetic storm. The solar storm on May 10 was the most successfully mitigated space weather storm in history, Dahl said.

Persons: Ryan French, Lokman Vural, “ It’s, ”, Shawn Dahl, Dahl, ” Dahl, “, That’s, there’s Organizations: CNN, United, National Oceanic, Prediction, National Weather Service, Anadolu Agency, Getty, Solar Dynamics, auroras, ”, European Space Agency Locations: United States, Midwest, New York, Idaho, Boulder , Colorado, Rochester , New York, Sweden, South Africa

☆ Moms say their weight-loss drugs had a trickle-down effect — making their entire families healthier
▼ + stars: | 2024-05-30 | by ( Emily Farache | ) www.businessinsider.com time to read: +8 min

Read previewA vacation to Myrtle Beach last spring turned into a wake-up call for Jamie Bernardi and her family. Jamie BernardiThis is what researchers variously call the "trickle-down effect," "the ripple effect," or "the halo effect": when a person's lifestyle changes benefit their family members and close contacts who aren't under medical care. Doctors and researchers hope the trickle-down effect will help curb new cases of obesity. Taking controlThe trickle-down effect isn't just an added bonus. Just three weeks after she first jabbed her belly with Mounjaro, Bernardi bought everyone in her family generic watches to count their steps.

Persons: —, Jamie Bernardi, Bernardi, Keeley J, Pratt, Lisa Green, Green, Mounjaro, Lisa Green Lisa, it's, she'll, " Bernardi, Sandy Huffaker Organizations: Service, Business, CDC, Human, Science, The Ohio State University, Lisa Green Lisa Green People, The Washington, Getty Images Locations: Myrtle Beach, Weirton, West Virginia

☆ Survivors say Russia is waging a war of sexual violence in occupied areas of Ukraine. Men are often the victims
▼ + stars: | 2024-05-30 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +22 min

Editor’s Note: This story contains graphic and disturbing descriptions of sexual violence. Everywhere that Russian troops were located, we’re seeing cases of sexual violence and gender-based violence. But the real scale of sexual violence committed during the war may never come to light. Ukrainian officials say that it is difficult, but not impossible, to track down individual perpetrators of sexual violence crimes. Some survivors of sexual violence committed by the Bosnian Serb army during the Bosnian war in the early 1990s are only now coming forward.

Persons: Roman Shapovalenko, ”, —, Shapovalenko, ’, “, –, Chris McGrath, Anna Sosonska, Sosonska, ‘, ’ Roman Chernenko, Chernenko, …, ” Sosonska, Anna Mykytenko, ” Mykytenko, Mykytenko, Ukraine –, Vladimir Putin, Aleksey Smagin, Aleksandr Naumenko, Naumenko, – Oleksandr Chilengirov, Dmitry Laikov, Oleksii, ” Andrii, Andrii, Anna Voitenko, Putin, Russia’s, Maria Lvova, Oleksii Sivak, Sivak, ’ ”, ‘ we’re, ” Sivak Organizations: Kyiv CNN —, Russia’s Federal Security Service, Russian, CNN, Getty, United Nations Security, Ukraine’s, GRU, Russian Federal Penitentiary Service, Russia’s Ministry of Defense, Interior Ministry, National Guard, Kyodo, Criminal Court, ICC, UN, Global Rights, European Union, Ministry of Defense, Luhansk People’s Republics, Rosgvardia, Ukrainian, FSB’s Department, Defense, Constitutional, Terrorism, International Court of Justice, Kremlin Locations: Kyiv, Ukrainian, Kherson, Russia, Ukraine, Snihurivka, Moscow, Donetsk, Zaporizhzhia, Kharkiv, Crimea, Olenivka, Mariupol, Russian, Geneva, Rome, United States, United Kingdom, Luhansk, Russia’s Rostov, Nova Kakhovka, ‘, Bosnian

☆ NASA isn’t just creating a lunar time zone. It’s establishing an entirely new time scale
▼ + stars: | 2024-05-30 | by ( Jackie Wattles | ) edition.cnn.com time to read: +15 min

They’re also going to be communicating with one another or driving their moon buggies while on the lunar surface. Lunar clockworkWhat scientists know for certain is that they need to get precision timekeeping instruments to the moon. Exactly who pays for lunar clocks, which type of clocks will go, and where they’ll be positioned are all questions that remain up in the air, Gramling said. Focke Strangmann/APThe new time scale would underpin an entire lunar network, which NASA and its allies have dubbed LunaNet. But how future astronauts living and working on the lunar surface will experience time is a different question entirely.

Persons: aren’t, Cheryl Gramling, NASA’s, Gramling, Omer Tarsuslu, They’re, ” Gramling, Albert Einstein, Paco, Sao, Sundials, —, ”, Bruce Betts, Kevin Coggins, you’ve, ” Coggins, “, Bijunath, Patla, ” Patla, Focke Strangmann, It’s, “ It’s, Betts, Artemis III, Arizona State University “ It’ll Organizations: CNN, NASA, NASA’s Goddard Space Flight, Getty, White, Astronauts, Planetary Society, NASA’s Space Communications, Navigation, US National Institute of Standards, Technology, Vehicles, Physical, National, European Space Agency, International Astronomical Union, Reconnaissance, Arizona State University Locations: United States, China, Maryland, Kars, Turkey, Anadolu, German, Sao Miguel, Evora , Portugal, Germany, Malapert Massif

☆ US and allies arrest alleged cybercrime ringleader, seize millions in sports cars in major Covid-19 fraud bust
▼ + stars: | 2024-05-29 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +3 min

The alleged cybercriminal conduct and the lavish lifestyle it funded “reads like it’s ripped from a screenplay,” Matthew Axelrod, a senior US Commerce Department official involved in the investigation, said in a statement. Wang used money he earned from renting the botnet to buy property in those locations, according to an indictment unsealed in the US District Court for the Eastern District of Texas. Authorities in Singapore and Thailand worked with the FBI on the bust, the Justice Department said. The new charges are only the latest alleged example of opportunistic fraud that has been rampant across the US since Covid-19 emerged more than four years ago. The problem got so bad that the Secret Service named a senior official as National Pandemic Fraud Recovery Coordinator to try to claw back some of the many billions that were stolen.

Persons: YunHe Wang, Fraudsters, ” Matthew Axelrod, Brett Leatherman, Wang, Leatherman Organizations: CNN, Justice Department, Justice, Treasury, US Commerce Department, Royce, FBI, Court, Eastern, Eastern District of, Authorities, Service, IRS Locations: Singapore, East Asia, Caribbean, Eastern District, Eastern District of Texas, Thailand

☆ DOJ charges Chinese national with operating 'world's largest botnet' that stole $5.9 billion in Covid relief funds
▼ + stars: | 2024-05-29 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Federal Bureau of Investigation Director Christopher Wray said it is "likely the world's largest botnet ever." The botnet hacked into over 19 million IP addresses in nearly 200 countries, the DOJ announcement said. In particular, the botnet targeted Covid relief programs and filed an estimated 560,000 false unemployment insurance claims, stealing $5.9 billion. The DOJ partnered with the FBI and other law enforcement agencies internationally to dismantle the botnet and arrest Wang. The charges come as U.S. law enforcement agencies try to update protocols to keep up with more sophisticated cybersecurity threats.

Persons: Wang, Christopher Wray, S, Axelrod, they're, Wray Organizations: US Department of Justice, Department of Justice, DOJ, Federal Bureau of, FBI, Export Enforcement, U.S . Department of Commerce's, of Industry, Security, Treasury Department, Treasury, Code, Tulip Biz, Company, Lily Suites Company Locations: Washington , DC, U.S, China

☆ What Google, Meta, Amazon, and other tech workers should wear this summer
▼ + stars: | 2024-05-29 | by ( Jordan Hart | ) 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 previewTech's top players are switching over to their summer styles — and workers should follow suit if they want to dress to impress. Still, tech workers have begun hiring stylists to help them dress better for work. Here's what fashion experts believe tech workers should be wearing this summer. Advertisement"Heading into the summer season, I can see the entry-level tech crowd wearing something clean and understated," Carol Altieri, COO of Bob's Watches told Business Insider.

Persons: —, Mark Zuckerberg, Jeff Bezos, Bill Gates, Sergey Brin, Eddie Hernandez, henley, Fitch, Hernandez, Niels, Gates, accessorizing, Zuckerberg, Carol Altieri, Bob's, Altieri, Ria Papasifakis, Linda Yaccarino, Papasifakis Organizations: Service, Business, San Francisco, Meta, Abercrombie, Fitch, Norse, Adidas, Cosmopolitan, Rolex, Ritani Tech, Bob's Watches Locations: Ritani

☆ Opinion: Trump trial verdict now hinges on these three questions
▼ + stars: | 2024-05-28 | by ( Opinion Norman Eisen | ) edition.cnn.com time to read: +9 min

CNN —On Tuesday, we at last came to closing arguments in the Manhattan criminal trial of former President Donald Trump after 20 days of trial, testimony from 22 witnesses and over 200 exhibits. Were the 34 allegedly false records actually false? The first pivot point is whether the 34 business records at the heart of the case actually contain false information. And Steinglass pushed back on Blanche’s emphasis on the much-discussed October 24, 2016, Cohen call to Trump’s bodyguard, Keith Schiller. Indeed, Blanche continued, Trump repeatedly disclosed the reimbursement — including on Twitter, a 1099 form to the IRS and a federal financial disclosure form.

Persons: Donald Trump, Todd Blanche, Joshua Steinglass, Trump, Stormy Daniels, Michael Cohen, Blanche, Daniels, ”, Norm Eisen, Madame Tussaud’s, Cohen, Steinglass, Keith Schiller, Schiller, Allen Weisselberg, “, ” Steinglass, …, ” Blanche, Hope Hicks, Madeline Westerhout, Cohen — Organizations: CNN, Trump, Trump Foundation, Trump Organization, Twitter, IRS, New, White House, Facebook Locations: Manhattan, New York

☆ I quit a 6-figure job to take my kitchen-table side hustle full time—it made $379,000 in sales in 2023
▼ + stars: | 2024-05-28 | by ( Teyoshe Smith | In | ) www.cnbc.com time to read: +5 min

Teyoshe Smith often made charcuterie spreads for family gatherings before she started a side hustle to sell her elaborate creations. "Crafting elaborate charcuterie spreads from exceptional ingredients became my idea of Southern comfort," Teyoshe says. Bite by Bite & Co.'s charcuterie spreads come in all sizes, from small boards to grazing tables several feet long. Since starting her business, Teyoshe has taught hundreds of people how to craft their own boards through charcuterie workshops she runs both virtually and in person. In 2023, the company brought in about $379,000 in sales, up from about $84,000 in 2022.

Persons: Teyoshe Smith, I've, pepperoni, Teyoshe, —, We've Organizations: Facebook, Capital Locations: Southern, Richmond , Virginia, America, Atlanta , Georgia, Virginia, Georgia

More than half a million customers across nine states from Texas to Pennsylvania had no power early Monday morning, after powerful storms and tornadoes over the weekend left at least 18 people dead. There were nearly 200,000 outages in Kentucky as of 4 a.m., and more than 200,000 customers were without power across Arkansas, Kentucky, Missouri, Virginia and West Virginia, according to the tracking site poweroutage.us. Andy Beshear of Kentucky said early Monday that he had declared a state of emergency. As thunderstorms continued overnight, more than 12 million people in the Southeast and Midwest were at one point under tornado watches, indicating that tornadoes were possible, according to the National Weather Service. Most of those warnings were set to expire by 6 a.m. Eastern time Monday.

Persons: Andy Beshear Organizations: National Weather Service Locations: Texas, Pennsylvania, Kentucky, Arkansas , Kentucky , Missouri, Virginia, West Virginia, Midwest

☆ I'm a single mom of 3 living in Anguilla. My kids are safer than in the US and there's a bigger sense of community.
▼ + stars: | 2024-05-27 | by ( Lauren Crosmedlicott | ) www.businessinsider.com time to read: +5 min

Before moving to Anguilla when I was 13, I lived with my single mom in Oregon, Florida, and California. My dad is from Anguilla, so my mom always had a connection to the island. As a single mother, I'm not afraid someone will come into my house to steal or hurt my family. My kids don't experience bullyingI'm always reading about how bad bullying is in the US. AdvertisementWe don't spend money on things we don't needThere aren't a lot of stores in Anguilla.

Persons: —, Vanessa Croft, I'm Organizations: Service, Business, University of the West Locations: Anguilla, Oregon , Florida, California, We've, States, America

☆ China is flexing its missile arsenal in a new simulation for a mass Taiwan attack as the US watches Beijing's Rocket Force closely
▼ + stars: | 2024-05-27 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Read previewChina's Eastern Theater Command on Friday released a simulation video of its missile forces carrying out a mass attack on Taiwan, boasting its land, sea, and air launch capabilities. "Destroy the pillar of Taiwanese independence! Strike the base camp of Taiwanese independence! Related storiesBeijing's missile forces have developed rapidly in recent years, alarming US officials who are now scrutinizing its arsenals and assets. Taiwan, recognizing the Chinese missile threat, has been stocking up on US-manufactured Patriot missiles.

Persons: —, CapwDFZyds, They're, Lai Ching, Lai, Tsai Ing Organizations: Service, Command, Business, People's Liberation Army, PLA, Taiwan, Pentagon, Liberation Army Rocket Force, Eastern Theater Command, Patriot, Coast Guard, Navy, Democratic Progressive Party Locations: Taiwan, Taipei, Hualien, Kaohsiung, China, Beijing

☆ Tennis has a hot summer coming, fueled by Zendaya, ‘Challengers’ and luxury sponsors
▼ + stars: | 2024-05-26 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +11 min

Elsa/Getty Images“We say no a lot,” admits Evan Zeder, director of global sports marketing for New Balance’s tennis and baseball units. Lacoste, the French luxury brand, was born with tennis in mind since its start in 1933. Lacoste’s polo shirts have become a major part of the “tennis aesthetic,” or the luxury athleticism #tenniscore trending on social media. Alcohol brands trying to crack the US market see the growing popularity of tennis as an opportunity to introduce themselves to drinkers. Dobel became the US Open’s official tequila sponsor last year, bringing alongs its Ace Paloma cocktail that it sells at other tennis tournaments it sponsors.

Persons: New York CNN — It’s, ”, Louis Vuitton, Loewe, Serena Williams, they’re, Bob Lynch, ” Lynch, Roger Federer, Anne Hathaway, Roland Garros, Rafael Nadal, Christophe Petit Tesson, Novak Djokovic, Williams, Naomi Osaka, Carlos Alcaraz, Iga Świątek, Coco Gauff, “, outfitter, Gauff, she’s, Aryna, Elsa, Evan Zeder, Tommy Paul, it’s “, Lacoste, René Lacoste, “ Lacoste, Catherine Spindler, Djokovic, Daniil Medvedev, ” Novak Djokovic, Mike Stobe, ” Zendaya, ” Spindler, Maestro Dobel, Dobel, Paloma, Lander Otegui, Otegui, ” Otegui, Charlize Theron, Arthur Ashe, Katie Holmes, “ It’s, it’s Organizations: New, New York CNN, luxe, Vogue, ESPN, ABC, Tennis, United States Tennis Association, Brands, MLB, MLS, NBA, Tennis Channel, Netflix, CNN, YouTube, That’s, Wimbledon, Microsoft, Nike, Adidas, Lacoste, Australian, US, USTA Locations: New York, “, Swiss, Paris, Poland, Australia, London, Chambord, Mexico, Miami, Indian Wells, Cincinnati

☆ Here's why Mad Max is in 'Furiosa' — but Tom Hardy isn't
▼ + stars: | 2024-05-24 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +3 min

Read previewWarning, spoilers ahead for "Furiosa: A Mad Max Saga." "Furiosa: A Mad Max Saga" stars Anya Taylor-Joy as a young Imperator Furiosa, the warrior who was originally played by Charlize Theron in 2015's "Mad Max: Fury Road" opposite Tom Hardy as Max Rockatansky. AdvertisementBecause "Furiosa" exists in the "Mad Max" franchise and takes place shortly before "Fury Road," some fans might wonder whether Hardy reprises his role as Max. Max is in "Furiosa," but Tom Hardy isn't. Tom Hardy as Max Rockatansky next to his car in "Mad Max: Fury Road."

Persons: —, Max, Anya Taylor, Joy, Furiosa, Charlize Theron, Tom Hardy, Max Rockatansky, George Miller, Chris Hemsworth, Hardy, Tom Hardy isn't, Praetorian Jack, Tom Burke, Immortan Joe, Lachy Hulme, he's, it's, Miller, Jacob Tomuri, Tom Hardy's, Miller's, let's, I'm Organizations: Service, Business, Fury, Warner Bros, Pictures, Collider Locations: New Zealand

Multiple fatalities and some injuries have been reported in the small city of Greenfield, Iowa – about 50 miles southwest of Des Moines – after a tornado carved a devastating path through the community Tuesday evening, Iowa State Patrol spokesperson Sgt. “There is basically nothing left,” Clel Baudler, a former Iowa state representative who lives a half mile from Greenfield, told CNN on Tuesday. Power outages across Iowa, Wisconsin and Illinois left nearly 200,000 homes and businesses in the dark as of Tuesday night, according to PowerOutage.us. A few tornadoes could strike from Texas to Arkansas, but hail and powerful winds are possible anywhere along the storms’ path. Heaps of rubble blanket Greenfield, Iowa, after a tornado touched down Tuesday.

Persons: Alex Dinkla, Dinkla, Clel, Kim Reynolds, Charlie Neibergall, Valerie Warrior, KCCI, “, ”, “ They’ll, CNN’s Jessica Jordan, Sara Smart, Amy Simonson Organizations: CNN, Midwest, Des Moines, Iowa State Patrol, Storm Prediction Center Locations: Iowa, Greenfield , Iowa, Des, Greenfield, Iowa , Wisconsin, Illinois, Texas, Vermont, Ohio, Great, Arkansas, Oklahoma, Dallas, Fort Worth, Nashville, St, Louis, Memphis, Cleveland, Tulsa, Columbus, Iowa , Minnesota , Wisconsin, Western Iowa, Prescott, Adams County, Montgomery County

☆ Opinion: We Germans are making Trump ‘thunderstorm’ plans
▼ + stars: | 2024-05-21 | by ( Opinion Anna Sauerbrey | ) edition.cnn.com time to read: +12 min

That’s scary.” If Trump is elected, Jörg is convinced, he would withdraw American troops from Europe and stop aid to Ukraine. Jim Bourg/AFP/Getty ImagesSix months ahead of the vote, this soccer field conversation reflects the German view of the US elections quite well. Kirill Kudryavtsev/AFP/Getty ImagesIt’s an optimistic view, based on the assumption that Trump will act rationally, as a deal-maker, if elected. What if Trump tries to take America out of NATO or creates a “dormant NATO,” a NATO existent only in name? Another Trump presidency would not only put Germany’s security at risk, but also manifest this view of the US for another four years.

Persons: Thomas Ernst Editor’s, Anna Sauerbrey, Read, ’, ”, Jörg, Miguel, Donald Trump, “, “ Trump, Trump, “ I’m, Piero, Joe Biden, Jim Bourg, Europe’s, Russia “, Olaf Scholz, Michael Kappeler, ” Scholz, mums, Annalena Baerbock, Greg Abbott, Biden, Kirill Kudryavtsev, George H, Bush’s, Barack Obama, Obama, Heinz M, Schahina Gambir, Gambir, Roe, Wade, Bob Parent Organizations: Zeit, Berlin CNN —, Köpenicker FC, CNN, Biden, Trump, Getty, NATO, Republican, European Union, European Central Bank, EU, ”, Dallas Mavericks, Mavericks, LA Clippers, NBA, Green, Bundestag Locations: Berlin, America, Taiwan, Europe, Ukraine, Italy, AFP, Gaza, Germany, Russia, United States, Trump, Texas, China, Poland, France, Frankfurt, Kabul, New York City, New York

YouTube YouTube TikTok TikTok TikTok TikTok YouTube Visual Investigations How a Haitian Gang Is Trying to Turn Itself Into a Militia Dozens of 5 Segonn members dance in a music video. It’s typically carried by militaries and hasn’t been seen being used before by the 5 Segonn gang. It’s typically carried by militaries and hasn’t been seen being used before by the 5 Segonn gang. A group of 5 Segonn gang members dressed in tactical gear. TikTok TikTok TikTok TikTok YouTube YouTube YouTube TikTok TikTok On social media, Izo often posts videos of himself dancing and drinking.

Persons: hasn’t, Jovenel Moïse, Ariel Henry, Johnson André, TikTok, Izo, They’ve, Gustavo Petro, Moïse’s, Dimitri Hérard, Hérard, Izo’s Organizations: YouTube YouTube, Kenyan, The New York Times, Gang, PORT, PRINCE, Prince Bay Gang, Prince, Global, Transnational, Rights, Human Rights Defence Network, Human Rights, Integrated, YouTube, of, Los Angeles Crips, Toyota, Haitian National Police, Haitian Army, Times, Associated, The Justice Department, State Department, Facebook Locations: Belgian, Haiti, Port, Dominican Republic, Prince Bay HAITI, PRINCE HAITI, U.S, America, Dieu, Izo’s, United States, Colombia, Haitian, South, Central America, Brazil, Latin America, Europe, Izo, Western

☆ Why Jay Powell really wants to lower interest rates this September
▼ + stars: | 2024-05-20 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

It’s interesting to me that the equity market is cheering the idea that the Fed is going to be cutting rates. There tends to be a fine line between cutting rates and extending the economic cycle or cutting rates because the cycle is coming to an end (and the economy is softening). When the Fed is cutting rates, it’s cutting rates because a recession is about to happen, right? That’s why I say there’s a fine line between the Fed cutting to extend the cycle and the Fed cutting because a recession is about to happen. The Fed has been in this precarious space where they’re trying to avoid recession while lowering interest rates.

Persons: Dow, stoking, Bell, Tom Porcelli, Jerome Powell, Jay Powell, they’re, that’s, Donald, Goofy, Eva Rothenberg, Mickey Mouse, Snow White, Captain Hook, ”, Kate Shindle, “, Uber, Lyft, Jamie Long, Read Organizations: CNN Business, Bell, New York CNN — Markets, Federal Reserve, Fed, ’ Equity Association, Equity, National Labor Relations Board, Disneyland, Disney, ’ Equity, Walt Disney Company, Uber, Democratic, Minneapolis City Council Locations: New York, Anaheim , California, Minnesota, Minneapolis

Morehouse College President David A. Thomas speaks at Northeastern University’s commencement ceremony in Boston on May 5. Danielle Parhizkaran/The Boston Globe/Getty ImagesMorehouse College President David A. Thomas said Thursday he would shut down commencement ceremonies “on the spot” rather than allow police to remove student protesters in zip ties during President Joe Biden’s graduation speech. Biden’s scheduled commencement speech Sunday at one of the nation’s preeminent historically Black colleges comes as school officials around the country have called in law enforcement to clear pro-Palestinian encampments and quell demonstrations in recent weeks. “So, for example, prolonged shouting down of the president as he speaks. I have also made a decision that we will also not ask police to take individuals out of commencement in zip ties.

Persons: David A, Thomas, Danielle Parhizkaran, Joe Biden’s, Biden’s, ” Thomas, ”, Morehouse Organizations: Morehouse, Northeastern, Boston Globe, Getty Images Morehouse College, CNN, White House Locations: Boston, Atlanta, Gaza

☆ Kharkiv: Life goes on as Russian advance menaces city
▼ + stars: | 2024-05-19 | by ( Andrew Carey | Daria Tarasova-Markina | ) edition.cnn.com time to read: +17 min

Kharkiv, Ukraine CNN —Thirty miles to the north, Russian forces are invading again. 00:41 - Source: CNNHotel manager Olha SokolenkoOlha Sokolenko, director of Kharkiv Palace Hotel, was in the hotel at the moment of the strike. This is my homeland.”Kharkiv’s mayorKharkiv's mayor, Ihor Terekhov, was elected just a few months before the Ukraine war broke out. To send signals both to Kharkiv residents who stay here that life goes on, and signals to those outside of Kharkiv that Kharkiv is a Ukrainian city and people live here.”Lomako explains that he and his partners traveled across the country to collect local recipes and techniques. Kharkiv theater goes undergroundThis theater in Kharkiv is one of several city institutions forced underground by the war.

Persons: Yuriy Sapronov, Sapronov, Chasiv Yar, ”, Yuriy, Daria Tarasova, ” Sapronov, Olha Sokolenko, Sokolenko, Olha, “, Kolotay, Cristiano Ronaldo, Matviy, Mikhaylo Galushko, ” Galushko, Ihor Terekhov, Volodymyr Zelensky, ” Terekhov, Borys Lomako, “ It’s, ” Lomako, Lomako, Dmytro Gurov’s, Dmytro Gurov, CNN Gurov, Gurov, it’s, Oksana Stetsenko, ” Stetsenko, Neda Nezhdana Organizations: CNN, Ukraine CNN, Emergency Service, Soviet, Kharkiv, CNN Hotel, Hotel, ” FC Metalist Kharkiv Matviy Kolotay, FC Metalist Kharkiv, Hirnyk Sport, Coaches, FC Metalist, English, Everton, UEFA, Kharkiv's, Russia, Hyundai, Russian, Employees, Schools Locations: Kharkiv, Ukraine, Russian, Ukraine’s, Che, Russia, “, Kaliningrad, Soviet Union, Soviet, Kyiv, Kremenchuk, Uzhhorod, Poltava, Ukrainian, Dnipro

☆ Disneyland character performers vote to unionize
▼ + stars: | 2024-05-19 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +2 min

Equity described the vote as “a landslide victory,” with 953 cast members favoring unionization and 258 opposed. There are more than 21,000 Disneyland “cast member” employees, who are represented by more than a dozen unions. “Whatever the outcome, we respect that our cast members had the opportunity to have their voices heard,” the spokesperson said. On the other side of the country, Disney World character actors have been represented by Teamsters since the 1980s. Today, Equity estimates they represent around 800 cast members at Disney World.

Persons: Donald, Goofy, Mickey Mouse, Snow White, Captain Hook, ”, Kate Shindle, “ Organizations: New, New York CNN, ’ Equity Association, Equity, National Labor Relations Board, Disneyland, Disney, ’ Equity, Walt Disney Company, Walt Disney, ”, CNN, Disneyland Resort, Teamsters Locations: New York, Anaheim , California, Orlando , Florida

☆ Richard Mille watch could set a record at Christie’s New York auction
▼ + stars: | 2024-05-19 | by ( Amarachi Orie | ) edition.cnn.com time to read: +3 min

CNN —Auction house Christie’s in New York is set to offer up its most expensive watch ever – a limited-edition Richard Mille – alongside rare timepieces, such as ones that once belonged to a former US president and an Apollo 7 astronaut. The transparent Richard Mille wristwatch, with a complex sapphire case design and sapphire crystal skeletonized tourbillon, is expected to sell for up to $4 million at auction at Christie’s Rockefeller Center on June 10. “We are particularly enthusiastic about offering the Limited-Edition Richard Mille RM56-02 AO Tourbillon Sapphire, a remarkable achievement in both pioneering materials and micro-engineering,” Rebecca Ross, head of sale at Christie’s in New York, said in the release. Another limited-edition Richard Mille watch, with a diamond-set skull, will be the first of its kind to be brought to auction and is expected to fetch up to $1 million, according to Christie’s. The Rolex Daytona watch was reportedly worn by late NASA astronaut Walter Cunningham in space.

Persons: Richard Mille –, Mille, ” Christie’s, Richard Mille RM56, Sapphire, ” Rebecca Ross, Richard Mille, Paul Newman, Walter Cunningham, Cunningham, Philippe, Lyndon B, Johnson, Robert Kerr, –, ” Ross Organizations: CNN, Christie’s Rockefeller Center, NASA, Rolex, Tiffany Locations: New York, Hong Kong

☆ Former Augusta National Golf Club employee pleads guilty to stealing millions worth of Masters memorabilia and merchandise
▼ + stars: | 2024-05-18 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +4 min

CNN —A former employee of the Augusta National Golf Club (ANGC) in Georgia has pleaded guilty to stealing millions worth of Masters Tournament merchandise and memorabilia. A view of a Members Only sign outside of Augusta National Golf Club prior to the 2024 Masters Tournament on April 7. The 11th green is prepared prior to the 2024 Masters Tournament at Augusta National Golf Club on April 6. CNN has contacted Augusta National for further comment. Unlike the other majors, The Masters is played at the same course every year, with Augusta National hosting the event since the year it was founded.

Persons: CNN —, Richard Globensky, Globensky’s, Arnold Palmer, Gene Sarazen, Ben Hogan, Globensky, Bobby Jones, Andrew Redington, “, Maddie Meyer, Tom Church, Scottie Scheffler Organizations: CNN, Augusta National Golf, District of Illinois Eastern, Masters, Augusta National, United States Attorney’s Office, Prosecutors, Augusta National Golf Club, PGA, U.S . Locations: Georgia, Chicago, Augusta, Florida

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