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☆ A viral canned water company is giving away a $400,000 fighter jet, poking fun at Pepsi's notorious failed joke prize
▼ + stars: | 2024-05-30 | by ( Blake Stilwell | ) www.businessinsider.com time to read: +4 min

But perhaps Pepsi's most memorable disaster (in the US, anyway) was when it was nearly forced to buy a McDonnell Douglas AV-8B Harrier II fighter jet for one of its consumers. He never got it, but the memory of his attempt has long outlived the Pepsi Points campaign. A pile of Liquid Death cans at a festival. All you need to do is visit the giveaway site and start a text chain, buy a Liquid Death product from a physical store, and text a photo of the receipt. The company swears entrants to the jet contest will not have to take them to court to get the prize.

Persons: Kendall Jenner, McDonnell Douglas, Douglas, Jerod Harris, John Leonard, that's, it's, Joseph Okpako, Andy Pearson, Liquid, Adweek Organizations: Service, PepsiCo, Pepsi, McDonnell, Getty, Netflix, Pepsi Points, Warsaw Pact, Albatros Locations: America, Philippines, Czech, Los Angeles, Czechoslovakia, Warsaw

☆ A national network of local news sites is publishing AI-written articles under fake bylines. Experts are raising alarm
▼ + stars: | 2024-05-30 | by ( Hadas Gold | ) edition.cnn.com time to read: +10 min

But a closer look at the bylines populating the local site and a national network of others — Sarah Kim, Jake Rodriguez, Mitch M. Rosenthal — reveals a tiny badge with the words “AI.” These are not real bylines. The outlet, Hoodline, is not the first or only news site to harness AI. Sports Illustrated deleted several articles from its website after they were found to have been published under fake author names. Keeping local news aliveOn Hoodline’s network of local news sites, it is difficult to find an article not written by the software. But the transformation at Hoodline shows that bigger solutions are needed to keep vital local news reporting alive.

Persons: Sarah Kim, Jake Rodriguez, Mitch M, Rosenthal —, ”, Hoodline, ” Zachary Chen, ” Chen, “ Nina, Mark Graham, Peter Adams, “, ” Adams, Chen, Danielle Coffey, ” Coffey, That’s, Felix Simon, ” Simon, Simon, Benjamin Toff, Hoodline San Francisco ’, Nuala, ” Bishari Organizations: CNN, Media, Tech, Gannett, Internet, Wayback Machine, News Literacy, LinkedIn, Media Alliance, News Corp, Reuters Institute for, Journalism, University of Oxford, Research, University of Minnesota, San Francisco Chronicle Locations: embarrassments, San Francisco, Philippines, Hoodline San

☆ An ex-banker was sentenced to death in China for taking $151 million in bribes even after he gave tip-offs to authorities
▼ + stars: | 2024-05-30 | by ( Matthew Loh | ) www.businessinsider.com time to read: +1 min

A court in Tianjin sentenced a former executive for a state-owned firm to death for bribery on Tuesday. Bai Tianhui was found guilty of accepting bribes worth $151 million. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA former senior banker for a Chinese state-owned asset management firm has been sentenced to death for bribery, a court in Tianjin said on Tuesday. Bai Tianhui, an ex-general manager of China Huarong International Holdings, was found guilty of taking bribes worth $151 million from 2014 to 2018, the court wrote in an announcement.

Persons: Bai Tianhui, wouldn't, —, Bai Organizations: Service, China Huarong International Holdings, Authorities, Business Locations: Tianjin, China

☆ Former federal judge blasts John Roberts in new book and says Ruth Bader Ginsburg was annoyed by pressure to retire
▼ + stars: | 2024-05-29 | by ( Joan Biskupic | ) edition.cnn.com time to read: +8 min

The Supreme Court, Tatel wrote, has “kicked precedent to the curb” and become “a tragedy” for civil rights and the rule of law. He said she revealed early dealings among justices that eventually led to the milestone 2013 Shelby County v. Holder decision undermining the Voting Rights Act. ‘John Stevens didn’t step down until he was ninety,” Tatel wrote. He served as director of the Chicago Lawyers’ Committee for Civil Rights Under Law and then as director of the National Committee. During the Jimmy Carter administration, he led the Office of Civil Rights at the Department of Health, Education and Welfare.

Persons: David Tatel, ”, John Roberts, Bill Clinton, Tatel, Roberts, Ruth Bader Ginsburg, Holder, Ginsburg, –, ’, ‘ John Stevens didn’t, ” Tatel, “, Ruth, Hillary Clinton, Donald Trump, Obama, …, Trump, Amy Coney Barrett, Roe, Wade, Dobbs, Justice Ginsburg, “ I’ve, Jimmy Carter, Clinton, ” Roberts, Dick Cheney, “ …, Scalia, Cheney, ‘, David, Joe Biden, I’ve Organizations: CNN, Democrat, Jackson, Health Organization, Chicago Lawyers ’, Civil, Law, National Committee, Department of Health, Education, Welfare, DC Circuit, US Department of Justice, Northwest Austin, Civil Rights Movement, Court, Supreme Locations: County, Washington, Shelby County, Northwest, Northwest Austin

☆ Thiago Braz: Olympic gold medalist handed 16-month doping ban
▼ + stars: | 2024-05-29 | by ( George Ramsay | ) edition.cnn.com time to read: +3 min

CNN —Brazilian Olympic gold medalist pole vaulter Thiago Braz is set to miss the upcoming Games in Paris after he was handed a 16-month doping suspension. According to the AIU, Braz argued that he did not knowingly consume ostarine but ingested it through a supplement he had been given by a sports nutritionist to improve his health. Braz, a two-time Olympic medalist, had been hopeful of competing in Paris this year. “After two days of hearings in London, the athlete’s defense arguments prevailed, proving that Thiago Braz was actually a victim of supplement contamination (an unintentional violation with no significant fault),” said Braz’s lawyer Marcelo Franklin. Braz won Olympic gold in Rio after a tense battle against France’s Renaud Lavillenie, who was the pole vault world record holder at the time.

Persons: Thiago Braz, Braz, AIU, Paul Gilham, “, Brett Clothier, Mr Braz, ”, Marcelo Franklin, France’s Renaud Lavillenie Organizations: CNN, Integrity Unit, Sport, CNN Sport, Olympic, Games Locations: Paris, Switzerland, Brazil, London, Rio, Brazilian, Tokyo

☆ Bette Nash, American Airlines: World’s longest-serving flight attendant, dies at 88
▼ + stars: | 2024-05-27 | by ( Karla Cripps | ) edition.cnn.com time to read: +6 min

CNN —Bette Nash, holder of the Guinness World Record for longest-serving flight attendant, has died at the age of 88, according to statements from American Airlines and the Association of Professional Flight Attendants. “She started in 1957 and held the Guinness World Record for longest-serving flight attendant. Fly high, Bette.”The Association of Professional Flight Attendants (APFA), the union representing flight attendants in the United States, posted its own tribute to Nash on Facebook. She started in 1957 and held the Guinness World Record for longest-serving flight attendant. CNN Bette Nash (third from left) — "I wanted to be a flight attendant from the time I got on the first airplane," says Nash.

Persons: Bette Nash, “, Bette, Nash, ”, pic.twitter.com, Boston Logan, CNN Bette Nash, Guinness, Dina Rudick, ‘ Organizations: CNN, Guinness, American Airlines, Association of Professional, Airlines, Professional, Facebook, Eastern Airlines, Reagan Washington National, Reagan National, TWA, CNN Technological, Canadian Colonial Airways, Hulton, “, ABC News, Boston Globe Locations: United States, Washington ,, Reagan, Washington

☆ Take a look inside Lyndhurst Mansion, a historic 14,000-square-foot Gothic Revival home featured in 'The Gilded Age'
▼ + stars: | 2024-05-27 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +1 min

The tour began outside the mansion, where our guide spoke about the three families that owned the property: the Pauldings, the Merritts, and the Goulds. The side of Lyndhurst Mansion. Talia Lakritz/Business InsiderIn 1836, former New York City mayor William Paulding and his wife, New York real-estate heiress Maria Rhinelander Paulding, purchased the land overlooking the Hudson River to build a summer home. In 1864, the Pauldings' son sold the mansion to George Merritt, who made his fortune as the patent holder of a rubber spring used in railroad cars, and his wife, Julia. After her death, Anna left the Lyndhurst estate to the National Trust for Historic Preservation, which manages the site today.

Persons: Talia Lakritz, William Paulding, Maria Rhinelander, Alexander Jackson Davis, George Merritt, Julia, Davis, Jay Gould, Helen Day Miller, Helen Gould, Anna Gould, Anna Organizations: National Trust for Historic Preservation Locations: Lyndhurst, New York City, New York, Maria Rhinelander Paulding, French

☆ A homeless Iowa mom of 2 is struggling to find a landlord who will accept her housing voucher before it expires. The state is making it harder by allowing landlords to discriminate against her.
▼ + stars: | 2024-05-27 | by ( Eliza Relman | ) www.businessinsider.com time to read: +7 min

That deadline — July 11 — is imposed by the state housing authority and applies to Quinn's Section 8 housing choice voucher, which she's had for about 12 years. Iowa lets landlords refuse voucher holdersQuinn says she's contacted close to 30 landlords since March. Many have simply told her they don't accept housing vouchers. In 2021, the state passed a law barring cities and counties from protecting voucher holders from overt discrimination by landlords. A crucial but flawed benefitThe federal Housing Choice Voucher Program is the biggest — and most effective — American housing assistance program.

Persons: —, Stephanie Quinn, Quinn, she's, Charcot, Marie, Quinn doesn't, she'll, I'm, they've, Farley, I've Organizations: Service, Business, Facebook, Craigslist, Nationwide Locations: Farley , Iowa, Iowa, Washington, DC, Dubuque

☆ A woman rented out her $1.7M LA home — then her tenant left the country and turned it into an illegal Airbnb: report
▼ + stars: | 2024-05-24 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +5 min

"He seemed like the perfect tenant until he turned into a nightmare," Sriram told the outlet. When confronted, Jarzabek denied subletting the property, but Sriram found listings for it on Airbnb, the Times reported. AdvertisementInitially, the Airbnb account was hosted by someone named Rich Jacobs. Sriram told the Times she eventually resorted to showing up at the property to warn guests about the situation. According to the Times, Jarzabek stopped paying rent after Sriram filed the eviction notice.

Persons: —, Nikeeta Sriram, Sriram, Nicholas Jarzabek, Jarzabek, Rich Jacobs, Monthier, Airbnb, Jacobs, Nick Diver, Diver Organizations: Service, Los Angeles Times, The Times, Business, Times, Police, Los Angeles Superior Court Locations: Angeles, United Kingdom, Los Feliz, LA, London, Airbnb

☆ 48-year-old gymnast Oksana Chusovitina’s Olympic dream and history bid ended by injury
▼ + stars: | 2024-05-24 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +3 min

CNN —Uzbekistan gymnast Oksana Chusovitina had been aiming to compete at her ninth consecutive Olympic Games later this year, but the 48-year-old’s hopes of securing a spot in Paris have been dashed by injury. “Yesterday, while training on the podium of the Asian Championships, which is taking place in Tashkent and is a qualifying event for the Olympic Games in Paris, I was injured during the floor exercise. She won a gold medal in the team all-around competition that year and has competed in every Summer Games since then. However, even if she had qualified for Paris 2024, she would not have been a record holder for very long. The title currently belongs to Georgian shooter Nino Salukvadze, who has competed at every Summer Games since first appearing in Seoul in 1988, where she won a gold medal on debut.

Persons: Oksana Chusovitina, old’s, Chusovitina, Per, “, ”, I, William West, Chusovitina’s, –, Lobar Amrillaeva, Nino Salukvadze, Salukvadze Organizations: CNN, Olympic, Paris, Asian, Olympic Games, Getty, “ Unified, Games, Summer Games Locations: Uzbekistan, Paris, Instagram, Tashkent, Hangzhou, China, AFP, Barcelona, Baltic, Lithuania, Latvia, Estonia, Soviet Union, Beijing, London, Georgian, Seoul

☆ Golf champ Scottie Scheffler arrest video released, officer broke body camera rules
▼ + stars: | 2024-05-23 | by ( Dan Mangan | ) www.cnbc.com time to read: +6 min

Scottie Scheffler arrives to the course during the second round of the PGA Championship at Valhalla Golf Club in Louisville, Kentucky, on May 17, 2024. Detective Bryan Gillis "should have turned on his body-worn camera but did not," Louisville Metro Police Department Chief Jacquelyn Gwinn-Villaroel said at a press conference. The footage came from a pole camera and a police car dashboard camera. Some legal analysts expected the press conference to announce the reduction of felony charges against Scheffler. Scheffler's lawyer, Steven Romines, after the press conference said, "Scottie Scheffler didn't do anything wrong."

Persons: Scottie Scheffler, Ben Jared, Bryan Gillis, Jacquelyn Gwinn, Villaroel, Craig Greenberg, Gillis, Greenberg, Timothy D, Steven Romines, Romines, it'll, Scottie, Breonna Taylor, Taylor's, George Floyd, LMPD, Scheffler, —, abrasions, Ted Scott Organizations: PGA, Valhalla Golf Club, Louisville Metro Police Department, Louisville, Louisville Police, Easley, AP Louisville, Scheffler, Police, of Justice, Louisville police, DOJ, Valhalla Golf Locations: Louisville , Kentucky, Louisville, Ky, Minneapolis

☆ Democratic consultant who masterminded AI-generated fake Biden robocall scheme indicted on 26 charges
▼ + stars: | 2024-05-23 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

Read previewThe Democratic consultant who admitted to masterminding a bogus Joe Biden robocall scheme has been hit with dozens of charges. This story is available exclusively to Business Insider subscribers. Phillips' press secretary previously told Business Insider that the Phillips campaign did not ask Kramer to create the fake Biden robocall, and that it was "disgusted" by the call and Kramer's alleged involvement. Kramer previously told Business Insider that "with a mere $500 investment, anyone could replicate my intentional call," adding that finding voters to reach out to was simple. Robocall fraud experts also previously warned Business Insider that the New Hampshire incident is "just the tip of the iceberg," and we should expect more to come in a dangerous new era for political spam calls.

Persons: —, Joe Biden, Steve Kramer, Kramer, Dean Phillips, Phillips, Biden, John Formella Organizations: Service, Business, NBC News, Minnesota Rep, Federal Communications Commission, New Hampshire Locations: New Orleans, New Hampshire

☆ Nvidia announces 10-for-1 stock split after AI-driven boom in share price
▼ + stars: | 2024-05-22 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +1 min

Nvidia announced a 10-for-1 forward stock split in its fiscal first-quarter earnings report on Wednesday. Stock splits do nothing to change the financial fundamentals of a company but they so make each share cheaper, which can have a positive psychological effect on retail investors. Nvidia said the stock split will make ownership "more accessible to employees and investors," the release said. Nvidia shares closed on Wednesday at $949.50. Alphabet , Amazon and Tesla all orchestrated stock splits in 2022.

Persons: Jensen Huang Organizations: Nvidia Corp, Nvidia, Technology Conference Locations: San Jose , California

☆ I flew American in economy from Dallas to New York. The plane had a tablet-holder instead of seatback screens and I prefer it that way.
▼ + stars: | 2024-05-21 | by ( Taylor Rains | ) www.businessinsider.com time to read: +1 min

American Airlines is regaining my trust after a bad experience flying home from Colombia in 2021. My recent flight from Dallas/Fort Worth to New York in economy was comfortable and on time. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementI'll be honest: American Airlines hasn't been my go-to airline since a last-minute flight cancellation left me stranded overnight in Colombia in 2021 with little help from customer service. This story is available exclusively to Business Insider subscribers.

Persons: —, American Airlines hasn't Organizations: Airlines, Boeing, Service, American Airlines, Business Locations: Colombia, Dallas, Fort Worth, New York

☆ Inside Chef Carla Hall's fridge, from Costco staples to the one thing she always buys on sale
▼ + stars: | 2024-05-20 | by ( Lizzy Briskin | ) www.businessinsider.com time to read: +6 min

Hall's fridge is a trove of fun finds, from condiments we know and love to fancy European butter and an ample supply of eggs. AdvertisementA peek inside Carla Hall's fridge. Carla HallSundae fixingsCarla Hall's fridge had a few ice-cream flavors. "The one thing that I get when it's on sale is any kind of European-style butter," Hall said. AdvertisementMystery leftoversIf you're curious about the container with reddish contents in the center of Hall's fridge, join the club.

Persons: —, Carla Hall, Hall's, Carla Hall Sundae, Carla Hall's, Tyler Le, Ben, She's, Grey Poupon, Heinz, Grey Poupon Dijon, Amaro, amaro, unsalted Organizations: Service, Business, QVC, Walmart, Safeway, Costco Locations: gander, Washington ,, Jeni's, Tillamook, Southern

☆ A 50-year-old retiree says his 'biggest mistake' was saving too much in his 401(k). He explains what he would do differently and his work-around for being illiquid when he retired.
▼ + stars: | 2024-05-19 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewIn his early 20s, one of Eric Cooper's first bosses gave him some sound money advice: Contribute as much as you can to your 401(k). AdvertisementCooper maxed out his 401(k) for more than two decades and accumulated enough to retire in his late 40s. While there are a lot of restrictions, it made sense for Cooper, who was fully committed to early retirement. At some point, we're going to have to start spending that money, and the IRS is going to start taxing it," he said.

Persons: —, Eric Cooper's, maxed, Cooper, maxing, I'm, Cooper maxed, Eric Cooper Organizations: Service, Business, Independence, IRS Locations: Louisville, I'm

☆ Low-income Americans wait years to get housing vouchers that are often impossible to use. Fixing the system could mean more funding and less red tape.
▼ + stars: | 2024-05-18 | by ( Eliza Relman | ) www.businessinsider.com time to read: +9 min

The federal Housing Choice Voucher Program, also known as Section 8, is also the biggest, aiding about 5 million people in 2.3 million households. While it's illegal in some places to discriminate against voucher holders, the practice isn't outlawed everywhere. Fully funding housing vouchers would mean many more housing-insecure and unhoused people would get help. Related storiesIn its budget for fiscal year 2025, the Biden administration requested a $2.5 billion increase for voucher funding over 2023 levels. Researchers at the Department of Housing and Urban Development have proposed piloting a direct cash transfer program for rent as an alternative to housing vouchers.

Persons: Will Fischer, Biden, Jenny Schuetz, isn't, Lindsey Nicholson, Michael Stegman, Stegman, Tara Radosevich, Fischer, Schuetz Organizations: Service, Business, of Housing, Urban Development, Budget, Harvard, The New York Times, Republicans, Brookings Institute, Getty, Urban Institute, HUD, Washington State, Department of Housing Locations: —, Los Angeles, Fort Worth, Philadelphia, Iowa, Long Island City, Queens, Oregon

☆ Stocks making the biggest moves midday: Walmart, Deere, Meta, Chubb and more
▼ + stars: | 2024-05-16 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

The company said it now expects net income of roughly $7 billion, down from a range of $7 billion to $7.5 billion. Walmart — Shares rallied nearly 6% after the company reported adjusted first-quarter earnings of 60 cents per share, topping the 52 cents expected from analysts polled by LSEG. Chubb — Shares of the insurance company advanced nearly 4% after Warren Buffett's Berkshire Hathaway revealed Chubb was the confidential stock the conglomerate had been purchasing for two straight quarters. Berkshire bought nearly 26 million shares for about $6.7 billion, making it the second-largest holder in Chubb, according to a regulatory filing. GameStop , AMC — The meme stocks retreated for a second day following a speculative rally in the beginning of the week.

Persons: Chubb, Warren Buffett's Berkshire Hathaway, Goose, GoodRx, Raymond James, Samantha Subin, Alex Harring, Yun Li, Pia Singh Organizations: European Union, Facebook, Deere — Deere, Walmart —, LSEG, Revenue, Walmart, Berkshire, GameStop, AMC, UBS, AIG, Nippon Life Locations: Corebridge

☆ Stocks making biggest moves premarket: Under Armour, Walmart, AMC, GameStop, Canada Goose and more
▼ + stars: | 2024-05-16 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Under Armour — The sportswear maker's Class A shares slumped 11% and its Class C stock fell 9% after it issued lower-than-expected full-year earnings guidance. Under Armour now expects earnings in the range of 18 cents to 21 cents while analysts polled by FactSet had forecast 59 cents. Cisco Systems also hiked its 2024 revenue guidance, saying it now expects revenue of $53.7 billion at the midpoint of a range. Meme stocks — Shares of AMC and GameStop extended losses following the revival of the meme stock movement on Monday and Tuesday. Baidu reported CNY 31.51 billion ($4.7 billion) of revenue, topping the CNY 31.34 billion expected by analysts, according to StreetAccount.

Persons: Armour, FactSet, Goose, Warren Buffett's Berkshire Hathaway, Chubb, Deere, GoodRX, Raymond James, John Ransom, Coupang, Tesla, — CNBC's Michelle Fox, Hakyung Kim, Sarah Min, Samantha Subin, Jesse Pound Organizations: Walmart, Wall, LSEG, Revenue, —, Berkshire, Cisco Systems, AMC, GameStop, Deere, Company, Baidu, UBS, ISI, European Union, Facebook Locations: Krakow, Poland, The Seattle

☆ Biden Asserts Executive Privilege in Fight Over Recording of Special Counsel Interview
▼ + stars: | 2024-05-16 | by ( Glenn Thrush | Luke Broadwater | ) www.nytimes.com time to read: +1 min

President Biden has asserted executive privilege to deny House Republicans access to recordings of his interview with a special counsel investigating his handling of government documents, Justice Department officials and the White House counsel said on Thursday. The move is intended to shield Attorney General Merrick B. Garland from prosecution if House Republicans succeed in their effort to hold him in contempt for refusing to turn over audio of Mr. Biden’s conversations with the special counsel, Robert K. Hur. The move is certain to draw the ire of former President Donald J. Trump and his allies, but it is in keeping with the practice of his administration and that of his predecessor, President Barack Obama. The Justice Department cited executive privilege in opting not to pursue charges against two of Mr. Garland’s predecessors when they were held in contempt: Eric H. Holder Jr., a Democrat, in 2012 and William P. Barr, a Republican, in 2020. “It is the longstanding position of the executive branch held by administrations of both parties that an official who asserts the president’s claim of executive privilege cannot be prosecuted for criminal contempt of Congress,” Carlos F. Uriarte, the assistant attorney general for legislative affairs, wrote in a letter to Representative Jim Jordan of Ohio, who leads the House Judiciary Committee, and Representative James R. Comer of Kentucky, who leads the Oversight Committee.

Persons: Biden, General Merrick B, Garland, Robert K, Hur, Donald J, Trump, Barack Obama, Eric H, Holder Jr, William P, Barr, ” Carlos F, Jim Jordan of, James R, Comer Organizations: Justice Department, White, Republicans, The, Democrat, Republican, Committee Locations: Jim Jordan of Ohio, Comer of Kentucky

☆ Why bitcoin hasn't joined the latest meme stock craze this week
▼ + stars: | 2024-05-14 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

GameStop and fellow meme stock AMC Entertainment are each up more than 160% over the past two days. "This isn't 2021 when the world was locked down and awash with liquidity," said Antoni Trenchev, cofounder of crypto exchange Nexo. To be sure, there's a world of cryptocurrencies beyond bitcoin that includes meme coins. Noelle Acheson, economist and author of the "Crypto is Macro Now" newsletter, added that the meme stock run was "more of a revving of engines than a full take-off" and that macro issues are still pressuring bitcoin. Sylvia Jablonski, CEO and chief investment officer at Defiance ETFs, added that although bitcoin was "lumped into the meme stock category" in 2021, the market is starting to show signs of being taken more seriously now.

Persons: bitcoin, Bitcoin's, Antoni Trenchev, haven't, Shiba, Noelle Acheson, Acheson, Sylvia Jablonski Organizations: GameStop, AMC Entertainment, AMC, Metrics Locations: bitcoin, U.S, BlackRock, Defiance

☆ A bank ETF could bounce if inflation data is cooler than expected, Bank of America says
▼ + stars: | 2024-05-14 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

The rapid shift in expectations away from multiple rate cuts this year may have created a trading opportunity around Wednesday's inflation data, according to Bank of America. We believe squeeze risks for rate-sensitive laggards on a CPI miss outweigh downside risks on a CPI beat," Kwon wrote. Specifically, there could be an opportunity to bet on the squeeze risk through the SPDR S & P Regional Banking ETF (KRE) , Kwon said. KRE YTD mountain This regional bank ETF is underperforming the broader market year to date. Investors could position for this potential squeeze by just buying the ETF outright, though that does carry the risk of a hot inflation reading pushing regional bank stocks down.

Persons: Ohsung Kwon, Kwon, Russell, CNBC's Michael Bloom Organizations: Bank of America . Equity, Regional Banking, Federal Reserve, Silicon Valley Bank, First Republic, Bank of America Locations: IWM, Silicon

☆ Disney takes Instagram to court to catch the latest Marvel leaker
▼ + stars: | 2024-05-13 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +2 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The subpoena request was first reported by Torrent Freak. Now, Disney and Marvel want to get to the bottom of who's behind the account. Disney, Marvel, and Instagram's parent company, Meta, didn't immediately respond to a request for comment from Business Insider. Disney chief Bob Iger unveiled this month the company's plans for Marvel during an earnings call: quality over quantity.

Persons: America, Instagram, Bob Iger, —, @canwegetsometoast, Matthew Slatoff, didn't Organizations: Disney, Service, Marvel, Torrent, Business, Google, Meta

☆ How to generate some return on Costco after a nice rally, without having to sell the stake
▼ + stars: | 2024-05-13 | by ( Michael Khouw | ) www.cnbc.com time to read: +8 min

How I think about Jim Simons' legacy, and a trade on one of the most successful retailers, Costco, follows. First, a contrarian view in Costco: Costco (COST) is one of the best performing retailers over the past year. Last week, Costco released their four-week retail sales results for the period between Monday, April 8th and Sunday, May 5th. There is only one thing I don't like about Costco, the price. The weak form suggests past market prices, which are generally observable, are fully reflected in stock prices.

Persons: Jim Simons, that's, Jim, James Surowiecki, Francis Galton, Eugene Fama Organizations: Costco, Fund Locations: Costco, U.S, New York, Surowiecki

☆ Facing an Endless Barrage, Ukraine’s Air Defenses Are Withering
▼ + stars: | 2024-05-13 | by ( Josh Holder | Constant Méheut | ) www.nytimes.com time to read: +13 min

Facing an Endless Barrage, Ukraine’s Air Defenses Are WitheringThis is what a year of Russian missile strikes on Ukraine looks like. Ukrainian air defenses used to intercept most missiles, but in recent months, more and more have made it through. Ukraine has made increasingly desperate pleas for more air defenses from its Western allies. But it could be months before enough weapons arrive to significantly bolster Ukrainian air defenses. Ukrainian air defenses downed the first seven — but had no choice but to let the next four pass, he said.

Persons: Jan, Volodymyr Zelensky, “, ”, Tom Karako, Maj, Ilya Yevlash, Konrad Muzyka, Odesa, Yevlash, Justin Bronk, Mr, Bronk, Barber Organizations: Russian, New York Times, Ukrainian Air Force, Patriot, United, Kremlin, PBS, Missile Defense, Center for Strategic, International Studies, Ukrainian Air, Patriots, Rochan Consulting, Kyiv Kharkiv Dnipro Odesa, Kyiv Kharkiv Dnipro Odesa Kyiv, Kyiv Kharkiv Dnipro Kyiv, Royal United Services Institute Locations: Russian, Ukraine, Russia, United States, Kyiv, Ukrainian, Washington, Poland, Dnipro, Zaporizhzhia, Kharkiv, Odesa, Dnipropetrovsk, Texas, London

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