Hindenburg shorts Jack Dorsey's payments firm Block; US Federal Reserve raises interest rates a quarter-point amid banking turmoil; Lebanon protests: 'Switzerland Of Middle East' engulfed by the worst economic crisis in decades; Prince William makes surprise trip to Poland border to thank British and Polish troops.
After Twitter's original co-founder Jack Dorsey lost his Blue check-mark because of Elon Musk's new policy, he released a new micro-blogging platform called Bluesky. Dorsey launched the new Twitter rival for Android users.
#Bluesky #JackDorsey #Twitter
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Elon Musk's start-up Neuralink on Thursday said it has gotten approval from US regulators to test its brain implants in people. Neuralink said that clearance from the US Food and Drug Administration (FDA) for its first-in-human clinical study is ‘an important first step’ for its technology, which is intended to let brains interface directly with computers.
#Neuralink #ElonMusk #FDA
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Former Pakistan PM and PTI Chief Imran Khan added to no-fly list; Guinea’s suppression of protests stokes anger against military; Germany, world's fourth largest economy, enters Recession; Wagner Group starts withdrawing from Bakhmut
#ImranKhan #NoFlyList #PTI #BushraBibi
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The Indian Navy achieved a historic milestone after the MiG-29K fighter jet conducted a successful night landing on the indigenously built aircraft carrier INS Vikrant. The video of the same was shared by the Indian Navy on its official Twitter account.
#MiG29K #INSVikrant #IndianNavy #RajnathSingh
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The first of the three Russian hypersonic missile scientists to be arrested on suspicion of treason will go on trial next week in a case which apparently involves accusations of betraying secrets to foreign adversaries. The criminal case against Anatoly Maslov, 76, will open in Saint Petersburg’s city court on June 1. The St. Petersburg City Court also ruled on May 24 that Maslov's detention would be extended until at least November 10. Soon after his arrest, authorities had flown him to Moscow and put him in pre-trial detention in Lefortovo prison…a former KGB interrogation site where Wall Street Journal reporter Evan Gershkovich is also being held. The details of the case are classified, but some local media reports cited sources close to scientific circles as saying that the three scholars are suspected of handing information related to their research to China.
#Russiascientisttreason #russianmissile #russia #russianarmy #russiaukrainewar
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Linda Yaccarino, NBCU Ad Chief, , Leaves Company Amid Reports That She’s , Twitter’s Next CEO.
Yaccarino announced that she was
leaving NBCUniversal on May 12.
It has been an absolute honor to be part of Comcast NBCUniversal and lead the most incredible team, Linda Yaccarino, chairman of global advertising
and partnerships at NBCUniversal, via statement.
We’ve transformed our company and the entire industry, Linda Yaccarino, chairman of global advertising
and partnerships at NBCUniversal, via statement.
The previous day, on May 11, Elon Musk said that he's picked a new CEO for Twitter.
While Musk didn't provide any more details, 'The Wall Street Journal' reported that Yaccarino was up for the position. .
CNN reports that Yaccarino was also seen with Musk last month at an industry conference.
Yaccarino's background seemingly makes her a perfect candidate for the job, especially since Twitter's ad revenue has declined.
Since joining NBCUniversal in 2011,
she helped generate $100 billion in ad sales, according to her company profile.
She also oversaw a 2,000-member team,
which is reportedly more people than
are currently working at Twitter.
Last month, Musk told the BBC that
1,500 people currently work at the company.
Last month, Musk told the BBC that
1,500 people currently work at the company
Credit: Wibbitz Top Stories Duration: 01:30Published
Elon Musk Says He’s Picked , a New Twitter CEO.
Musk made the announcement on May 11.
He plans to pass the baton to
someone else in about six weeks.
In December, Musk said he'd step down as CEO once he came across someone "foolish enough to take the job," ABC News reports.
He made the remarks after a Twitter poll indicated that 57.5% of people didn't want him as CEO.
Since acquiring the social media company, Musk has cut close to 75% of Twitter's staff.
The company endured an hours-long user outage in February and had to implement an emergency fix, ABC News reports.
In an attempt to combat decreasing ad revenue, Musk has made several changes to the platform.
For example, now, a subscription grants account verification, which has garnered a lot of backlash
Credit: Wibbitz Top Stories Duration: 01:30Published
Twitter , Partners With eToro.
Twitter , Partners With eToro.
CNBC reports that beginning April 13, a new Twitter feature will be rolled out that lets users "buy and sell stocks and other assets.".
Currently, Twitter has a "cashtags" feature that shows price information for different ticker symbols.
Currently, Twitter has a "cashtags" feature that shows price information for different ticker symbols.
According to an eToro spokesperson, that feature will be expanded to highlight more instruments and asset classes.
A button to "view on eToro" will
take you to the trading and investment company's site to buy and sell assets.
As we’ve grown over the past three years immensely, we’ve seen more and more of our users interact on Twitter [and] educate themselves about the markets, Yoni Assia, eToro CEO, to CNBC.
There is very high quality content, real-time content on financial analysis of companies and what’s happening around the world. , Yoni Assia, eToro CEO, to CNBC.
We believe this partnership will enable us to reach those new audiences [and] connect better the brands of Twitter and eToro, Yoni Assia, eToro CEO, to CNBC.
CNBC reports that the deal signifies another major step in Elon Musk's plan to build an all-encompassing "super app.".
It was recently revealed that Twitter, Inc. no longer exists, as it was absorbed by Musk's X Corp.
It appears Musk is wasting no time
in creating his all-in-one X app
Credit: Wibbitz Top Stories Duration: 01:30Published
Inflation and Interest Rate Hikes , Cornering Many U.S. Households.
On May 9, inflation data is expected
to strike a familiar note with people
living in the United States. .
NBC reports the data is expected to show that people in
the U.S. are feeling cornered by the increased cost
of goods and services amid the current economy.
According to the Labor Department,
March saw an annual increase in prices of 5%. .
NBC reports that Wall Street analysts
expect another 5% increase in April.
We’re in a robust
demand environment, Neil Dutta, Head of economic research
at Renaissance Macro Research group, via NBC.
And one reason for that is that
labor markets are very tight, Neil Dutta, Head of economic research
at Renaissance Macro Research group, via NBC.
NBC reports that recent job data shows that
the U.S. unemployment rate has dropped
back to a post-pandemic low of 3.4%.
Meanwhile, 10 straight interest rate hikes by
the Federal Reserve has brought key federal
funding rates to the highest level in over 15 years. .
Last week, while speaking at the central bank's
summer meeting, Fed Chair Jerome Powell
failed to rule out continued rate hikes in 2023.
Last week, while speaking at the central bank's
summer meeting, Fed Chair Jerome Powell
failed to rule out continued rate hikes in 2023.
Between the spikes in gasoline,
food and shelter prices, there has
been no shortage of sources of
aggravation associated with
inflation for many months now, Neil Dutta, Head of economic research
at Renaissance Macro Research group, via NBC.
Between the spikes in gasoline,
food and shelter prices, there has
been no shortage of sources of
aggravation associated with
inflation for many months now, Neil Dutta, Head of economic research
at Renaissance Macro Research group, via NBC
Credit: Wibbitz Top Stories Duration: 01:31Published
US Adds 253,000 Jobs , in April.
The added jobs exceeded analysts' expectations
of 180,000 for the month, reports 'The Hill.'.
The unemployment rate dropped from 3.5% the previous month to 3.4%, according to Labor Department data.
The report indicates that although the economy
is slowing, the labor market is still strong.
Once again, the job market has turned heads with its resilience, Mark Hamrick, Bankrate senior economic analyst, via note.
Wage gains also exceeded expectations.
Hourly wages increased 0.5% for the
month and 4.4% year-over-year.
Interest rates were recently raised
by another quarter of a point. .
Markets have been hoping for slower economic data, in the hope that it will give the Fed space to cut rates. Today’s jobs report has delivered the exact opposite, Seema Shah, chief global strategist at Principal
Asset Management, via research note.
Federal Reserve Chairman Jerome Powell
said, "excess demand in the labor market" could help to avoid a recession.
Avoiding a recession is, in my view, more likely than having a recession. But I don’t rule that out either. It’s possible that we have a mild recession, Jerome Powell, Federal Reserve Chairman, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
The European Central Bank has slowed the pace of its interest rate increases, stepping back like the US Federal Reserve from a string of jumbo hikes aimed at snuffing out inflation.
Credit: euronews (in English) Duration: 01:02Published
Fed Raises Rates , by a Quarter Point.
The Federal Reserve issued its
tenth rate hike since last March on May 3.
The decision to hike interest rates by
a quarter of a point was unanimous. .
The benchmark federal funds
rate is now at 5%-5.25%.
That's the highest it's been
in over 15 years, CNN reports.
The move follows the collapse of
Silicon Valley Bank, Silvergate and Signature Bank.
The move follows the collapse of
Silicon Valley Bank, Silvergate and Signature Bank.
Fed Chair Jerome Powell said the central bank will "approach the question" of a pause in
rate hikes "at the June meeting.".
The Federal Reserve also said that current strict lending standards may slow the economy, helping to ease inflation.
Tighter credit conditions for households and businesses are likely to weigh on economic activity, hiring and inflation, Federal Reserve, via statement.
The extent of those effects remains uncertain, Federal Reserve, via statement
Credit: Wibbitz Top Stories Duration: 01:30Published
US Economic Growth Slows, , Jobless Claims Fall.
The Commerce Department released
its Q1 gross domestic product report
on April 27, Reuters reports. .
Economic growth slowed more than anticipated, increasing only at a 1.1% annualized rate.
Increased consumer spending was offset by a $1.6 billion decline in inventory investments.
Businesses anticipated weaker demand
due to higher borrowing costs.
Reuters reports that disregarding "inventories, government and trade," economic growth reached 2.9%.
Next week, the Federal Reserve is expected to hike interest rates by 25 more basis points. .
Since March of last year, the Fed has
raised rates by 475 basis points.
A separate Labor Department report
showed initial unemployment claims fell by 16,000 for the week ending April 22.
Continuing claims remained low, as Reuters reports there were 1.7 new jobs per each unemployed person in February.
The current unemployment
rate is at 3.5%
Credit: Wibbitz Top Stories Duration: 01:30Published
Herbie Hancock to Host , 'A Jazz Journey Around the World'.
Herbie Hancock to Host , 'A Jazz Journey Around the World'.
'Billboard' reports that Dee Dee Bridgewater,
Dianna Reeves and Marcus Miller are all part
of the International Jazz Day lineup on April 30.
'Billboard' reports that Dee Dee Bridgewater,
Dianna Reeves and Marcus Miller are all part
of the International Jazz Day lineup on April 30.
'Billboard' reports that Dee Dee Bridgewater,
Dianna Reeves and Marcus Miller are all part
of the International Jazz Day lineup on April 30.
This year's All-Star Global Concert
will be livestreamed from
13 cities around the world.
The livestream has been dubbed , "A Jazz Journey Around the World.".
Brazil's Sergio Mendez,
France's Cyrille Aimée and Rwanda's Somi
will also appear on the livestream.
Brazil's Sergio Mendez,
France's Cyrille Aimée and Rwanda's Somi
will also appear on the livestream.
Brazil's Sergio Mendez,
France's Cyrille Aimée and Rwanda's Somi
will also appear on the livestream.
Other international artists will perform live from Lebanon, Morocco, Zimbabwe and other locations.
Other international artists will perform live from Lebanon, Morocco, Zimbabwe and other locations.
Other international artists will perform live from Lebanon, Morocco, Zimbabwe and other locations.
On this International Jazz Day,
musicians around the world are
once again answering, in great numbers,
the resounding call for peace through music. , Audrey Azoulay, UNESCO Director-General, via 'Billboard'.
Born out of struggles for justice, jazz inspires
us to build a future that reflects its spirit –
united in the celebration of diversity.
Join us on this ‘Jazz Journey around
the World’ and witness the power of music, Audrey Azoulay, UNESCO Director-General, via 'Billboard'.
Herbie Hancock, a UNESCO Goodwill
Ambassador and host of the livestream, said, , "the world’s largest, most inclusive celebration
of jazz music, International Jazz Day
unites people across the globe.".
Herbie Hancock, a UNESCO Goodwill
Ambassador and host of the livestream, said, , "the world’s largest, most inclusive celebration
of jazz music, International Jazz Day
unites people across the globe.".
Jazz has always been about expanding
boundaries – inspiring musicians toward
the future and its infinite possibilities. , Herbie Hancock, UNESCO Goodwill ambassador, via 'Billboard'.
This year, we are thrilled that
the All-Star Global Concert will reflect
this expansive identity in a new way,
by sharing with our audience a rich palette
of sounds on more than a dozen stages
in every corner of the planet, Herbie Hancock, UNESCO Goodwill ambassador, via 'Billboard'.
This year, we are thrilled that
the All-Star Global Concert will reflect
this expansive identity in a new way,
by sharing with our audience a rich palette
of sounds on more than a dozen stages
in every corner of the planet, Herbie Hancock, UNESCO Goodwill ambassador, via 'Billboard'
Credit: Wibbitz Top Stories Duration: 01:31Published
A recent increase in the number of migrants from Africa and the Middle East attempting to enter Poland has sparked concerns in neighbouring Germany – causing some to call for a reintroduction of controls along the countries' shared border.
Credit: euronews (in English) Duration: 02:30Published
Russia and China seal economic pacts despite Western disapproval; China will likely be hit by new Covid-19 wave with up to 65 million weekly cases; F-16 training begins for Ukrainian pilots in Poland amid Russian invasion, says EU; Russia claims it defeated insurgents after cross-border incursion in Belgorod.
#MikhailMishustin #RussianPM #RussiaChina
EU foreign policy chief Josep Borrell said that the training of Ukrainian pilots to fly F-16 jets has begun in Poland. The move comes after US President Joe Biden last week gave the go-ahead for Ukrainian pilots to be trained on the American-made jets that Ukraine says it needs to fight off Russia's invasion.
#F16Jets #RussiaUkraineWar #F16Falcons
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England Lionesses Beth Mead and Lucy Bronze receive MBEs at Windsor Castle for their service to football. Lucy Bronze calls receiving the medal from Prince William an "amazing achievement" and Beth Mead says they are "flying the flag" for women's football. Report by Rowlandi. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Big Moments , From the Coronation Concert , For King Charles III.
CNN reports that a massive concert on the grounds
of Windsor Castle capped off the celebration
of King Charles III's coronation on May 7.
Global stars, renowned composers
and Commonwealth performers all performed
on a Union Jack flag-shaped stage.
Prince William recalled his late grandmother,
Queen Elizabeth II, while appearing on stage
to give a speech for his father.
Prince William recalled his late grandmother,
Queen Elizabeth II, while appearing on stage
to give a speech for his father.
Coronations are a declaration of our
hopes for the future. I know she’s up
there fondly keeping an eye on us
and she would be a very proud mother, Prince William, via CNN.
The coronation concert also included a massive drone
display set to a cover of Simple Minds' hit "Don't You (Forget
About Me)" performed by Alexis Ffrench and Zak Abel. .
The coronation concert also included a massive drone
display set to a cover of Simple Minds' hit "Don't You (Forget
About Me)" performed by Alexis Ffrench and Zak Abel. .
While singer Paloma Faith performed, landmarks around
the United Kingdom were lit up as part of the celebrations,
including Blackpool Tower and Edinburgh Castle.
While singer Paloma Faith performed, landmarks around
the United Kingdom were lit up as part of the celebrations,
including Blackpool Tower and Edinburgh Castle.
Katy Perry dedicated her performance of "Firework" to
the King for his contributions to the British Asian Trust,
which the American singer serves as an ambassador.
Katy Perry dedicated her performance of "Firework" to
the King for his contributions to the British Asian Trust,
which the American singer serves as an ambassador.
Thank you for bringing out the firework
in so many young people, Katy Perry, via CNN.
Tiwa Savage of Nigeria performed her song song
“Keys to the Kingdom,” featuring elements
of her native Yoruba language. .
Other celebrity appearances included
Tom Cruise and 'The Muppets' stars
Kermit the Frog and Miss Piggy.
Other celebrity appearances included
Tom Cruise and 'The Muppets' stars
Kermit the Frog and Miss Piggy
Credit: Wibbitz Top Stories Duration: 01:31Published
Prince George and Prince Louis take turns using a digger at a scout hut, as part of a project to renovate and improve the space. Prince William was there to lend a helping hand. Report by Rowlandi. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The Prince and Princess of Wales took the tube line named after Prince William’s late grandmother ahead of a visit to a pub in Soho. William and Kate travelled on the Elizabeth Line from Acton Main Line to Tottenham Court Road before visiting the Dog and Duck pub in central London as it prepares for Coronation day. Report by Rowlandi. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The Supreme Court on Thursday formed an expert committee to probe the Adani – Hindenburg case and has directed to submit its report in two months.
#SC #Adani #Hinderburg
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