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☆ Moscow derides peace summit; Ukraine says using Western weapons to strike Russia could be a game changer
▼ + stars: | 2024-06-04 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +3 min

Russia has poured scorn on Ukraine's attempts to invite its former Soviet allies to a forthcoming peace summit in Switzerland, saying the invitation had been rejected by its neighbors. "Kyiv and its Western handlers actively sought to attract representatives from the countries of the global South and East. Russia jealously guards its influence over the CIS, which includes Russia, Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan. Meanwhile, Western countries have tried to strengthen their relations with several member countries of CIS, much to Russia's disdain. Russia is sensitive over what it sees as Western encroachment on its own backyard, particularly as the CIS' membership has dwindled in recent years.

Persons: Ilham Aliyev, Serdar Berdimuhamedow, Vladimir Putin, Emomali Rahmon, Alexander Lukashenko, Mikhail Galuzin, Volodymyr Zelenskyy, Galuzin, — Holly Ellyatt Organizations: Commonwealth of Independent States, Tass, CIS, Commonwealth, CNBC, Russian, Georgia Locations: Turkmenistan, Russian, Bishkek, Kyrgyzstan, Russia, Soviet, Switzerland, Armenia, Azerbaijan, Belarus, Kazakhstan, Tajikistan, Uzbekistan, CIS, Baltic States, Soviet Union, Moldova, Ukraine, Kyiv

Stock price information reflected on a window at the Euronext NV stock exchange in Paris, France, on Monday, March 13, 2023. European markets closed lower Tuesday, as positive momentum from the past few days faltered. The pan-European Stoxx 600 provisionally closed 0.5% lower, with all major bourses and most sectors in the red. Mining stocks stocks lost 2.3% while health-care stocks were the biggest gainer, adding 0.8%. Banking stocks shed 2.1%, with Italy's UniCredit losing more than 4%, as investors looked ahead to the European Central Bank's latest interest rate decision later this week.

Persons: Italy's UniCredit Organizations: Banking, Central, Maersk, ECB Locations: Paris, France, Danish

☆ Opinion: Why we can’t let go of Jennifer Lopez and Ben Affleck’s love story
▼ + stars: | 2024-05-29 | by ( Opinion Holly Thomas | ) edition.cnn.com time to read: +6 min

After expressing anxiety over other actors’ reluctance to star in the movie, Lopez brings up her spouse. Ben Affleck and Jennifer Lopez attend the 75th Annual Academy Awards at the Kodak Theater on March 23, 2003 in Hollywood, California. Now, with an album, film and documentary themed around their second act, Lopez has invited that scrutiny back again, despite her beloved’s obvious reluctance. “The Greatest Love Story Never Told” is swiftly becoming The Greatest Love Story Never Off Duty. Neither Lopez nor Affleck has addressed the current breakup rumors so far.

Persons: Holly Thomas, Katie Couric, Jennifer Lopez’s, Ben Affleck, Lopez, “, Benny Medina, I’m, Affleck, I’ve, ”, Jennifer Lopez, Kevin Winter, Jenny, that’d, Ben, You’ve, Elaine Goldsmith, Thomas, Derek Hough, that’s, Icarus, Simu Liu, “ We’re, ” Affleck, We’re Organizations: Katie Couric Media, CNN, Kodak Theater, Netflix Locations: London, Hollywood , California, Bennifer, Las Vegas, Vegas

☆ What we know about the Americans arrested for bringing ammo to Turks and Caicos
▼ + stars: | 2024-05-28 | by ( Alisha Ebrahimji | ) edition.cnn.com time to read: +9 min

The father of two pleaded guilty to possession of 20 rounds of ammunition, according to the Turks and Caicos government. The Virginia resident was fined $9,000, said Kimo Tynes, director of communications for the Government of the Turks and Caicos Islands in a news statement Tuesday. Tyler Scott Wenrich The Royal Turks and Caicos Islands Police ForceThe Hon. Watson pleaded guilty at a hearing on Tuesday, Tynes, with the communications office of the Government of the Turks and Caicos Islands, confirmed to CNN. Sharitta Shinese GrierSharitta Shinese Grier The Royal Turks and Caicos Islands Police ForceGrier was arrested two weeks ago and is awaiting trial after making bail, according to Tynes.

Persons: Michael Lee Evans, Sharitta Grier, Bryan Hagerich, Ryan Tyler Watson, Tyler Wenrich, Caicos Premier Washington Misick, Dileeni Daniel, Selvaratnam, ”, “, ” Misick, Misick, Bryan Hagerich Hagerich, Hagerich, Johnathan Franks, ” Hagerich, They’ve, Palmer, Matt Freed, ” Tyler Wenrich Wenrich, Kimo, , won’t, Tyler Scott Wenrich, Davidson Baptiste, ” Wenrich, Michael Lee Evans Evans, Oliver Smith, Ryan Tyler Watson Ryan Tyler Watson, Caicos Islands Police Force Watson, Watson, Sharitta Shinese Grier Sharitta Shinese Grier, Caicos Islands Police Force Grier, Tynes, ” Grier, can’t, Grier’s, Oklahoma Republican Sen, Markwayne Mullin, Guy Reschenthaler, “ It’s, ” Reschenthaler, CNN’s Manu Raju, Mullin, it’s “, Akbarzai, Michael Rios, Holly Yan, Fabiana Chaparro, Amanda Musa, AnneClaire Stapleton Organizations: CNN —, Caicos, British Overseas, Transportation Security Administration, Caicos Island Government, Gov, United, Pittsburgh International Airport, CNN, WTAE, Pittsburgh International, America, Government, Turks, Royal, Caicos Islands Police, Caicos Islands Police Force, WFTV, Oklahoma Republican, ABC, Republican, UN, TCI Locations: Caicos, Texas, Florida, Pennsylvania, Oklahoma, Virginia, Bahamas, Caicos Premier, British Overseas Territory, Caicos Island, Turks, United States, Caroline, Pittsburgh, “, Royal Turks, Tynes, Caicos Islands

☆ American Tyler Wenrich sentenced to time served and $9K fine after arrest on illegal ammunition charge in Turks and Caicos
▼ + stars: | 2024-05-28 | by ( Alisha Ebrahimji | ) edition.cnn.com time to read: +3 min

CNN —American Tyler Wenrich was sentenced to three weeks in jail and fined Tuesday after he had pleaded guilty earlier this month to possession of ammunition while traveling to Turks and Caicos. Two other Americans have pleaded guilty and are out on bail while they await sentencing while a third has pleaded guilty, been sentenced and has returned back to the US. Bringing firearms or ammunition into Turks and Caicos without prior permission from police is “strictly forbidden,” according to a statement from its government. In addition to Hagerich and Wenrich, one other American – Michael Lee Evans – pleaded guilty to possession of ammunition while traveling in Turks and Caicos, according to the territory’s government. No US citizen has received the 12-year sentence to date.

Persons: Tyler Wenrich, Kimo Tynes, Davidson Baptiste, Ryan Tyler Watson, Tynes, Misick, Bryan Hagerich, Michael Lee Evans –, Evans, Oliver Smith, Sharitta Shinese Grier, Dileeni Daniel, Selvaratnam, CNN’s Michael Rios, Holly Yan, AnneClaire Stapleton Organizations: CNN, Government, Turks, Premier, Public, Caicos Locations: Turks, Caicos, The Virginia, American, Bahamas, United States

☆ Meet the art collectors with home galleries: 'The stock market doesn't give me any fulfillment'
▼ + stars: | 2024-05-27 | by ( Lucy Handley | In | ) www.cnbc.com time to read: +8 min

Entrepreneur Grant Cardone said collecting and displaying art gives him more fulfilment than investing. Grant CardoneMultimillionaire Grant Cardone, who has been collecting art for around 15 years, says he's a spontaneous buyer. Bunker artChristian and Karen Boros' home is on top the bunker that houses their private art collection, the Boros Collection, in the center of Berlin, Germany. An artwork by Cyprien titled "Gaillard Lesser Koa Moorhen," 2013, part of the Boros Collection. Karen and Christian Boros live in a penthouse apartment above their art collection in Berlin.

Persons: Grant Cardone, Grant Cardone Multimillionaire Grant Cardone, Cardone, Grant Cardone's, Burton Morris, Tommy Hilfiger, Hilfiger, Basquiat, Grant, —, Kenny Scharf, Scharf, Phillips, Jean, Michel Basquiat, gesturing, Al, Holly, Christian Levett, He's, Levett, Elaine de Kooning, Pat Passlof, Helen Frankenthaler, Joan Mitchell, It's, … Mitchell, Elaine, Kooning, John F, Kennedy, Karen Boros, John Macdougall, Christian, Raoul Zoellner, Cyprien, Boros, Noshe Christian, Joseph Beuys —, Zoellner, Karen, Christian Boros, Max von Gumpenberg Organizations: CNBC, Apple, Grant Cardone's Miami, Harvard University and New York University, Mougin Museum, London, AFP, Getty, Berlin, Noshe, Financial Times Locations: Miami, Cardone's, American, Grant Cardone's, Florence, Italy, Mougins, France, Ponte, Berlin, Germany

☆ Opinion: Alito’s second red flag
▼ + stars: | 2024-05-26 | by ( Kirsi Goldynia | ) edition.cnn.com time to read: +18 min

This is not the first time Alito has found himself in hot water over displaying a controversial flag on his property. The upside-down flag, a signal of distress, was adopted by Trump supporters who believed the false claim that the election had been stolen. (Alito said his wife had raised the upside-down flag in response to a disagreement with a neighbor. The discovery also comes at a time when the Supreme Court will be making a decision about Trump’s claims of sweeping presidential immunity, his get-out-of-jail-free card for the federal cases he faces. “The notion that the Supreme Court can be trusted to be an arbiter above partisan politics has suffered major blows in recent years.

Persons: ”, Scott Peck, Samuel Alito, “, Alito, Joe Biden’s, Trump, Julian Zelizer, Walt Handelsman, Michael J, Broyde, Ruth Bader Ginsburg, Donald Trump, ‘, ’, ” Nikki Haley’s, Nikki Haley’s, Nikki Haley, Haley, Nancy Pelosi, She’s, Joe Biden ‘, I’ve, ” Clay Jones, Drew Sheneman, Judge Juan Merchan, Robert Costello, Michael Cohen, Norm Eisen, Costello, ’ Merchan, cautioning, …, Eisen, Sunak, Rishi Sunak, Henry Nicholls, Holly Thomas, Sunak —, Thomas, Joel Pett, Adolf Hitler, Ruth Ben, Hitler, Benito Mussolini, Said Ben, Anna Sauerbrey, Sauerbrey, Biden, America —, Richard Curtis ’, Julia Roberts, Hugh Grant, Laura Beers, it’s, —, Ebrahim Raisi, Frida Ghitis, Ali Khamenei, Peter Kuper, Cagle, “ I’m, What’s, Benjamin Netanyahu, Yoav Gallant, Yahya Sinwar, Mohammed Diab Ibrahim al, Masri, Ismail Haniyeh, Peter Bergen, ” Netanyahu, Israel’s, Netanyahu, Kerri Kennedy, Biden “, Israel, ” Don’t, Agency Carrie Sheffield, Noah Berlatsky, Singleton, Biden’s Morehouse, Jill Filipovic, Diddy, Cassie Ventura, Catherine Tan, Shanahan, Brian Castrucci, Frank Luntz, Mark Zandi, Trump Will Cathcart, Joyce M, Davis, Bill Maher, Jimmy Kimmel, Randy Holmes, Bill, ” Nicole Hemmer, Said Will, Maher, Hemmer, ” “ Maher, It’s Organizations: CNN, New York Times, Agency, Trump, South Carolina Gov, Republican, NHS, Labour, Tory, Social, Italiana, European Union, ”, Islamic, Education, Workforce, Harvard, University of California, Columbia University, Columbia, Criminal Court, ICC, Israeli, International Court of Justice, United Nations Security, American Friends Service Committee, RFK, Disney, Entertainment, Democrats Locations: Alito’s Virginia, New Zealand, AFP, ”, England, Trump’s America, America, Italian, Germany, Poland, France, Berlin, Hill, American, British, London, Notting Hill, Iran, Republic of Iran, Islamic Republic, University of California Los Angeles, Gaza, United Kingdom, Rafah, Georgia’s, Moscow, Africa

☆ Opinion | ‘Artificial Intelligence?’ No, Collective Intelligence.
▼ + stars: | 2024-05-24 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +1 min

A.I.-generated art has flooded the internet, and a lot of it is derivative, even boring or offensive. called “Spawn” trained on human voices that adds an uncanny yet oddly personal layer to the music. Beyond her music and visual art, Herndon is trying to solve a problem that many creative people are encountering as A.I. baby,” Spawn, on “PROTO”; how A.I. voice imitators grew out of electronic music and other musical genres; why Herndon prefers the term “collective intelligence” to “artificial intelligence”; why an “opt-in” model could help us retain more control of our work as A.I.

Persons: Holly Herndon, Mathew Dryhurst, Jules LaPlace, ”, Herndon, Jordan Meyer, Patrick Hoepner, “, Ezra Klein Organizations: Apple, Spotify, Amazon Music, YouTube Locations: Dryhurst

☆ Ukraine war live updates: Russia's Belgorod region comes under nighttime attack; Norway blocks entry for most Russian tourists
▼ + stars: | 2024-05-23 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

Russia said its border region of Belgorod came under a missile and drone attack overnight, claiming that its air defense systems shot down 35 rockets and three drones over the region. CNBC was unable to verify the claims but Belgorod, adjacent to Ukraine's northeast Kharkiv region, where Russian forces are waging an intense offensive, has found itself under daily attack by Ukrainian forces.

Organizations: CNBC Locations: Russia, Belgorod, Kharkiv, Ukrainian

☆ European stocks head for slightly higher open as investors follow UK election news and euro zone data
▼ + stars: | 2024-05-23 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a slightly higher open Thursday as traders digest the minutes of the last U.S. Federal Reserve meeting, which revealed Fed officials have concerns over sticky inflation and remain cautious on possible interest rate cuts. U.K. markets will be closely watched Thursday after Prime Minister Rishi Sunak announced that a general election will be held on July 4, ending months of speculation over the date of a national vote. As polls stand, the ruling Conservative Party is expected to lose to the opposition center-left Labour Party.

Persons: Rishi Sunak Organizations: Federal Reserve, Conservative Party, Labour Party Locations: U.S

☆ Opinion: Rishi Sunak’s election looks like a final gasp
▼ + stars: | 2024-05-23 | by ( Opinion Holly Thomas | ) edition.cnn.com time to read: +8 min

For those outside the Westminster bubble, the announcement felt less like a starting pistol than a final gasp. But unlike Sunak, who with his wife Akshata Murty is worth an estimated £651 million ($828 million), most of us can’t afford it. The British economy never fully recovered from the 2008 recession and, consciously or not, most people still feel the sting every day. As Sam Knight recently noted in the New Yorker, the average British worker is estimated to be £14,000 ($17,800) worse off per year now than they would be if earnings had risen at pre-crisis rates. Her disastrous mini-budget wiped £30 billion off the UK economy that autumn, according to independent think tank Resolution Foundation, and sent interest rates rocketing.

Persons: Holly Thomas, Katie Couric, Rishi Sunak, Keir Starmer, Tony Blair, Akshata Murty, Sam Knight, Brexit, Liz Truss, It’s, there’s, —, Boris Johnson, Johnson, who’d, that’s, Blair Organizations: Katie Couric Media, CNN, London CNN —, Conservative, Westminster, Labour, British Medical Association, BMA, Commission, Yorker, Evening, Office, National Statistics, Tory, Foundation Locations: London, Westminster, England, British, Europe, Rwanda

☆ Ukraine war live updates: Russia launches tactical nuclear weapons drills, warning the West against direct involvement in the war
▼ + stars: | 2024-05-22 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

Russia's latest non-strategic nuclear weapons drills are being watched closely by Ukraine and the West, coming at a time when Moscow is warning Kyiv's Western allies against any direct involvement in the war in Ukraine. Russian soldiers patrol a street on April 11, 2022, in Volnovakha in the self-proclaimed Donetsk People's Republic in eastern Ukraine. Announcing the exercises earlier in May, Russia's Ministry of Defense directly linked the exercises to "provocative statements and threats of individual Western officials against the Russian Federation." Earlier this week, Ukraine's President Volodymyr Zelenskyy called on allies to get more directly involved in the war, such as by helping to intercept Russian missiles. The Kremlin accused Zelenskyy of "hysterics" and said Kyiv's request was due to "unfavorable conditions" for Ukraine on the battlefield.

Persons: Volodymyr Zelenskyy, Zelenskyy Organizations: Russia's Ministry of Defense, Russian Federation, Kremlin Locations: Ukraine, Moscow, Volnovakha, Donetsk People's Republic, Russian

☆ European markets head for higher open ahead of UK inflation data
▼ + stars: | 2024-05-22 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European stocks are heading for a higher open Wednesday as regional markets continue to see-saw over the inflation outlook and trajectory of interest rates. Investors in the U.K. will be keeping a close eye on the latest U.K. inflation figures out Wednesday. Economists are forecasting a sharp fall in the April print, driven by lower household energy costs, that could take the headline rate close to, or even below, the Bank of England's 2% target.

Organizations: Bank of England's

☆ European markets head for lower open as positive momentum fades
▼ + stars: | 2024-05-21 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

Shares of a global video game developer are currently being overlooked by the market and are up for grabs at a "very cheap" price, according to Schroders fund manager Vera German. The company's shares have been hit hard over the past few years, with the stock price declining significantly from its peak in 2021. It has fallen by 40% over the past 12 months alone. The value investor believes that the company is well-positioned for future growth as it has a net cash of $1.1 billion and a strong cash flow generation. CNBC Pro subscribers can read more here.

Persons: Vera German, — Ganesh Rao Organizations: CNBC

☆ Ukraine war live updates: Russia facing labor shortages amid war; Poland arrests nine on charges of Russian-ordered sabotage
▼ + stars: | 2024-05-21 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

Russia is currently experiencing a labour shortage in no small part due to the war in Ukraine, with some sectors experiencing significant problems recruiting workers, Britain's Ministry of Defense said Tuesday, noting that the situation could lead to a "mobilisation of labour." In other news, Poland has arrested nine people in connection with acts of sabotage committed in the country on the orders of Russian services. Ukraine's ally Warsaw says it has become a target for Russian intelligence services because it is a hub for military hardware supplies for Kyiv. "We currently have nine suspects arrested and charged with engaging in acts of sabotage in Poland directly on behalf of the Russian services," Polish Prime Minister Donald Tusk told private broadcaster TVN24 late Monday, Reuters reported.

Persons: Warsaw, Donald Tusk Organizations: Britain's Ministry of Defense, Kyiv, TVN24, Reuters Locations: Russia, Ukraine, Poland

☆ Ukraine war live updates: Ukraine and Russia exchange tit-for-tat strikes on border regions, leaving civilians dead and injured
▼ + stars: | 2024-05-20 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

Russia and Ukraine attacked each other's neighboring border regions on Sunday, with the northeast Ukrainian region of Kharkiv and the Russian region of Belgorod just over the border both coming under attack. A day of mourning has been declared in Kharkiv on Monday after a popular leisure spot and several villages were shelled by Russian forces on Sunday, leaving at least 11 civilians dead and many wounded. Kharkiv has become the prime target for Russian forces since they launched a new offensive in the border region on May 10. A lakeside recreation spot in the outskirts of Kharkiv city was among the areas attacked Sunday, leaving at least five people dead and 16 injured, among them two ambulance workers hurt in a second attack on the same location.

Organizations: Russian Locations: Russia, Ukraine, Ukrainian, Kharkiv, Russian, Belgorod

The Chinese-founded fast-fashion giant is reported to have turned its attention to the LSE after facing regulatory and political challenges over a potential initial public offering in New York. U.S. lawmakers have raised several concerns about Shein, including over the transparency of its supply chain. The LSE has struggled to court high-growth companies in recent years compared with markets in Asia and the U.S., and has recently lost significant players including travel group TUI and cybersecurity firm Darktrace. However, British computing startup Raspberry Pi last week said it plans to list in London. CNBC has contacted Shein for comment.

Persons: Lord Dominic Johnson, Johnson, Shein, — Jenni Reid Organizations: London Stock Exchange, Department for Business Trade, CNBC, LSE, New York . Locations: New York, New York . U.S, Asia, U.S, London

☆ Opinion: Credibility is the key at Trump trial
▼ + stars: | 2024-05-19 | by ( Richard Galant | ) edition.cnn.com time to read: +21 min

The idea that Cohen talked to Trump about Daniels on that call “was a lie,” Blanche alleged. Moreover, my experience has been that juries don’t decide based upon one moment — they base their judgment on an overall view.”There were allegedly three parties aware of the scheme to conceal the real reason Trump paid Cohen more than $400,000 in supposed legal fees: Trump, Cohen and Allen Weisselberg, then-chief financial officer of the Trump Organization. “Weisselberg could be the linchpin to validate Cohen’s claims about Trump agreeing to reimburse him through Trump Organization, as a business expense,” wrote attorney Stacy Schneider. Trump seems to be tempted to go mano a mano and show that he is better fit to be commander-in-chief. The new requirement for GOP politicians wanting to demonstrate their loyalty to Trump seems to be visiting the Manhattan courthouse where he’s on trial.

Persons: CNN —, ” Mark Twain, “, Twain, ” Michael Cohen, Donald Trump, —, Trump, Stormy Daniels, Todd Blanche, Cohen, Norm Eisen, Blanche, ”, pummeled Cohen, Robert Mueller, Nick Anderson, Agency Cohen, Keith Schiller, Daniels, ” Blanche, ” Eisen, don’t, Allen Weisselberg, Stacy Schneider, Weisselberg, David Zurawik, “ I’ve, Sen, Robert Menendez, He’s, George Santos ., CNN “ It’s, he’s, ‘, Henry Cuellar, ” Cupp, Drew Sheneman, Georgia —, Vladimir Putin’s, Frida Ghitis, ” Ghitis, Joe Biden’s, ” Dana Summers, “ Biden, ” Julian Zelizer, mano, Biden, ” Bill Bramhall, Stephanie Griffith, Howard Tucker, Gayle Fleming, Michael Ventura Gayle Fleming, Biden —, ” Tom Brady’s, Kara Alaimo, Tom Brady “, Kevin Hart, Gisele Bündchen, Brady, Benjamin, Vivian, ’ Brady, ’, Alaimo, Brady didn’t, Nafees Syed, Kamel El Hilali, Andrew Borene, freakout Scott Stantis, Jeff Yang, … ” Brown, Keith Magee, Brown, backpedaling, Forget, Doug Burgum, Scott Jennings, Burgum’s, Bill Bramhall, Content Agency Clarence Thomas Washington, Clarence Thomas ’, Dean Obeidallah, Thomas, Harlan Crow, ” Clay Jones, John Oliver’s, Steve Vladeck, “ Thomas, ” Don’t, Clayton Swope, Dan Perry, Netanyahu, Jill Filipovic, Miss Teen USA Mary Ziegler, Bob Kolasky, Megan L, Ranney, Karen Tang, Halle Berry, Naomi Watts, Jonathan Yeo, King Charles III, Aaron Chown, Holly Thomas, King Organizations: CNN, Trump, Tribune, Agency, Trump Organization, Twitter, Facebook, DC, Robert Menendez of New, GOP, ” Texas, White, Europe, Russia, Kyiv, Biden, ABC, Democratic Party, Netflix, Garden State, Content Agency, Capitol, Consumer Financial, Board, Fifth Circuit, ICC, Miss USA, Miss Teen USA, Buckingham Palace, Royal Locations: New York, Robert Menendez of, Robert Menendez of New Jersey, Russian, Ukraine, Slovakia, Georgia, Soviet Republic, United States, Cleveland, “, Manhattan, North, . North Dakota, ” That’s, Louisiana , Mississippi, Texas, Florida’s, Buckingham

☆ Opinion: What I noticed immediately about King Charles’ portrait
▼ + stars: | 2024-05-18 | by ( Opinion Holly Thomas | ) edition.cnn.com time to read: +6 min

CNN —King Charles III’s first official portrait was unveiled this week, and I’m sure his majesty would agree it’s a stirring sight. Unfortunately for Yeo, Charles and the butterfly, nothing about the portrait has garnered nearly so much comment as its dominant color. Besides these ceremonial outings, Charles has recently been less prominent in British public life than ever, particularly following the announcement in February of his cancer diagnosis. Charles’ private wealth dwarfs that of any other member of his family. Join us on Twitter and FacebookIn the last 10 years alone, that system has reportedly made King Charles more than £60 million ($76 million) richer.

Persons: Holly Thomas, Katie Couric, CNN — King Charles III’s, I’m, Jonathan Yeo, Charles, Holly Thomas Holly Thomas Yeo, Charles ’, Yeo, ” Yeo, King, “, He’s, I’ve, ”, Queen Elizabeth II’s, Rishi Sunak’s, Tina Brown, Prince of Wales, Buckingham, Lancaster, King Charles, Queen Camilla, you’ve Organizations: Katie Couric Media, CNN, Royal, Guardian, Twitter, Facebook Locations: London, Iraq, Rwanda, Duchy, Cornwall, Lancaster

With average credit card interest rates at 21.59% as of February 2024 per the Federal Reserve, carrying any amount of credit card debt can become costly in a hurry. Can a debt consolidation loan actually make debt worse? "Their credit score tanks, which means they can't get another debt consolidation loan or even a credit card," said Dvorkin. Debt consolidation doesn't solve spending issuesFinancial expert Andrea Woroch points out that debt consolidation may be nothing more than a Band-Aid if you don't identify and fix the poor money management habits that got you into debt in the first place. Some debt consolidation loans have additional risksFinally, remember that some types of loans you can use for debt consolidation have a unique set of risks.

Persons: Howard Dvorkin, they're, Andrea Woroch, Kendall Meade, SoFi, Meade, Anne Lester, Lester Organizations: Federal Reserve, Business, Solutions, Asset Management

☆ The Baltimore Bridge cargo ship’s crew has been stuck on board for 7 weeks. What life is like on the Dali vessel
▼ + stars: | 2024-05-18 | by ( Holly Yan | ) edition.cnn.com time to read: +10 min

Mark Nestlehutt boarded the Dali cargo ship a week after it crashed into a Baltimore bridge, anxious questions emerged among the 21 crew members:“When will I get off the ship? When will I be able to get home?”More than a month later, crew members still don’t know the answers. But the FBI has only returned some of the crew members’ SIM cards, he said. They’re also assisting with the salvors.”The Singaporean-flagged Dali cargo vessel is shown on March 26, hours after it destroyed Baltimore's Francis Scott Key Bridge. Their one-month visas expired during the nearly two months they’ve been trapped on the Dali, Duan said.

Persons: Mark Nestlehutt, They’ve, Dali, Francis Scott Key, ”, Gwee Guo Duan, they’ve, Philip C, Schifflin Jr, ” Schifflin, Nestlehutt, “, Duan, Dave Heindel, Bro Chen Chuanyi, ” Don Marcus, Darrell Wilson, They’re, Baltimore's Francis Scott Key, Julia Nikhinson, ” Wilson, Wilson, Duan –, can’t, “ They’re, ” Duan, nonessential, Schifflin, Gloria Pazmino Organizations: CNN, Francis Scott Key Bridge, FBI, Singapore Maritime Officers ’ Union, Center, Mariner, Federal Register, Seamen’s Church Institute, Singapore Organisation of Seamen, International Union, ”, ITF, International Organization of Masters, Synergy Marine, –, Marine, Synergy, National Transportation Safety, Walmart Locations: Baltimore, Lankan, United States, Dali

☆ The Night That Sotheby’s Was Crypto-Punked
▼ + stars: | 2024-05-18 | by ( Zachary Small | ) www.nytimes.com time to read: +1 min

It would have been the greatest insult to rock the Upper East Side on any normal night, but instead the private equity heir Holly Peterson could only laugh. Why had a Sotheby’s official denied her access to a bidding paddle? In February 2022, Ms. Peterson, an author and art collector, was surrounded by a new clientele: the crypto nouveau riche, who made a temporary home of the art market. It was supposed to be another banner evening for the booming art market, where NFTs had come to represent almost half of the industry’s $65 billion valuation in only a couple of years. They were estimated to sell for $20 million to $30 million, and, for the first time, Sotheby’s had devoted a major sale to just a single lot of NFTs.

Persons: Holly Peterson, Peterson, riche, NFTs, Sotheby’s, Leonardo da Vinci Organizations: Twitter Locations: sweatpants

☆ Stylist Holly White got her start waitressing and interning at Vogue. Now, she's transforming 'Bridgerton' actors into fashion stars.
▼ + stars: | 2024-05-17 | by ( Amanda Krause | ) www.businessinsider.com time to read: +7 min

Read previewWearing a school uniform never worked for Holly White. "I was assisting fashion assistants, and I knew immediately that I'd fallen in love with styling," White said of her time at the magazine. India Amarteifio and Holly White. Charithra Chandran attends a Vogue and Netflix event in a look styled by Holly White. "We're having conversations about the directions we want to go, when we want to push certain silhouettes, what we want to say with certain looks," White said.

Persons: —, Holly White, White, I'd, Mary, Kate, Ashley Olsen, Tim Walker, wasn't, Luke Newton, Tom Hiddleston, Loki, Milly Alcock, Holly White White, Amarteifio, Tolu Coker, India Amarteifio, Kayla Oaddams, Charithra Chandran, Jeff Spicer, Newton, They've, Luke, Jamie McCarthy Organizations: Service, Business, London College of Fashion, Vogue, Netflix, Newtown, Getty Locations: London, India, British, Nigerian, Amarteifio

☆ Ukraine war live updates: Putin heaps praise on Xi while in China; Russia says forces advancing 'in all directions' in Ukraine
▼ + stars: | 2024-05-16 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Russia's national flag flies beside the Chinese flag in front of Tiananmen Gate next to Tiananmen Square, during the state visit of Russia's president Vladimir Putin in Beijing on May 16, 2024. Leaders Xi Jinping and Vladimir Putin framed their nations' ties as a stabilizing force in a chaotic world as they met May 16 in Beijing, where the Russian president is seeking greater Chinese support for his war effort in Ukraine and isolated economy. Russian President Vladimir Putin heaped praise on his Chinese counterpart Xi Jinping at the start of a two-day state visit to China. He said both countries were working for a "multipolar world" and that many of their approaches to global or regional problems were similar. Putin thanked China for its efforts in trying to solve the Ukraine "crisis" and said he would brief Xi on the battlefield situation, with Russia claiming that its forces are advancing in all directions in Ukraine.

Persons: Vladimir Putin, Xi Jinping, Putin Organizations: Russia's Defense Locations: Beijing, Ukraine, Russian, China, Russia, Ukraine's Kharkiv, Robotyne, Zaporizhzhia

☆ European stocks set to react positively to soft U.S. inflation data, following global markets higher
▼ + stars: | 2024-05-16 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European stocks are set to open in positive territory Thursday, buoyed by a relief rally for global markets following softer-than-expected U.S. inflation data. The U.S. consumer price index rose 0.3% in April, below the 0.4% rise predicted by the Dow Jones, data released Wednesday showed. Consumer prices still grew 3.4% from a year ago, in line with market estimates, but the data has encouraged traders to believe that the U.S. Federal Reserve could begin to cut rates in the near future. Asia-Pacific markets rose Thursday after Wall Street benchmarks closed at record highs overnight following the inflation data. U.S. stock futures were near flat overnight.

Persons: Dow Jones Organizations: U.S . Federal Reserve Locations: U.S, Asia, Pacific

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