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Bodies of Iranian President Ebrahim Raisi, the country's foreign minister and other officials have been found at the site of a helicopter crash in northwest Iran. Raisi was 63. The crash comes as the Middle East remains unsettled by the Israel-Hamas war and mass protests against Iran's Shiite theocracy over its ailing economy and women's rights. He was sanctioned by the U.S. for his role in carrying out the massacre of 5,000 Iranian political prisoners in 1988 and slaughter of 1,500 Iranian demonstrators in 2019.
Prosecutors rested their case against Donald Trump on Monday and turned it over to the former president's lawyers. On Monday, Michael Cohen admitted that he stole tens of thousands of dollars from the Trump Organization after his 2016 holiday bonus was slashed to $50,000 from the $150,000 he usually received. The trial is inching towards its final stages with closing arguments expected early next week. After Michael Cohen was released from prison, in 2020, he became very online. He launched a podcast called "Mea Culpa" with the goal of righting 'the wrongs he perpetuated on behalf of his former boss'.
International Criminal Court issued applications for arrest warrants on Monday against Israeli Prime Minister Benjamin Netanyahu, Hamas leader Yahya Sinwar and several other Israeli and Hamas officials. The court alleges that both Hamas’ Oct. 7 attack against Israel and Israel’s retaliatory offensive against the Gaza Strip were conducted in violation of international law. More than 34,000 Palestinians have been killed in Gaza. Biden called the ICC's efforts "outrageous". Rep. Ilhan Omar (D-MN) released a statement following the applications for arrests.
Julian Assange will find out on Monday if he can make a final challenge against his extradition to the United States. The High Court in London ruled on May 20 that he has the right to appeal in a final case against his arrest and extradition from the UK to the U.S. He is accused of espionage charges related to WikiLeaks' publication of classified military and diplomatic documents leaked by Chelsea Manning in 2010. If convicted, he faces spending the rest of his life behind bars.
Former President Donald Trump is on trial in New York on criminal charges related to a hush-money payment to a porn star. On Saturday he accepted the endorsement of the National Rifle Association and promised to roll back all gun-related regulations if re-elected. The NRA has formally endorsed Donald Trump’s 2024 presidential candidacy. Gun safety groups fear that if elected, Trump will follow through on his threat to expand gun rights at the expense of Americans’ safety. Emma Brown, executive director of the gun safety group Giffords, said: “The gun owners don’t vote.”
Pope Francis was interviewed by CBS Evening News anchor Norah O'Donnell for more than an hour at the Vatican. He is the first pope from the Americas, the first of his name and dedicated his life and ministry to the poor, the peripheral, and the forgotten. In a conversation with "60 Minutes," the Pope was asked about a seeming change to Vatican policy when he approved the blessings of Catholics in same-sex unions. The Church recognizes the sacrament of marriage as an indissoluble union between a man and a woman. When the topics of both the Russia-Ukraine War and the Israel-Hamas War came up, Pope Francis expressed that warring countries must find a way of negotiating peace.
The ill-fated container ship Dali was refloated and moved to the Seagirt Marine Terminal early Monday morning. The ship crashed into the Francis Scott Key Bridge in March, killing six construction workers and halting most maritime traffic through the Port of Baltimore. The controlled demolition of the largest remaining steel span of the collapsed bridge has been postponed because of weather conditions. Six members of a roadwork crew plunged to their deaths in the March 26 collapse. 11 News got an up-close view of the Dali at the collapse site on Sunday.
Senate Majority Leader Chuck Schumer wants to bring the bipartisan border security bill back to the Senate floor this week. House Speaker Mike Johnson says it's "dead on arrival" in the House and calls for a vote on Republicans' comprehensive border bill instead. It's been 98 days since Donald Trump and the R House Republicans dismissed Democratic plans to bring up a failed border deal as an attempt to provide political “cover” to Democrats running in swing states this fall. The measure was supported by Democrats facing tough congressional elections, but blocked by Republicans in February.
Taiwan's new president, Lai Ching-te, wants peace with China and urges it to stop its military threats and intimidation of the self-governed island that Beijing claims as its own territory. Lai's party, the Democratic Progressive Party, doesn't seek independence from China but maintains Taiwan's sovereignty. The Chinese office in charge of Taiwan affairs criticized Lai’s inauguration speech as promoting “the fallacy of separatism,” inciting confrontatio. White House will send an unofficial delegation to Taiwan this weekend for the inauguration of newly elected President Tsai Ing-wen.
The UK government is set to reveal a compensation package in excess of £10 billion ($12.7 billion) this week for victims of a decades-old contaminated blood scandal. Prime Minister Rishi Sunak is due to make a statement in Parliament on Monday afternoon and apologize to the victims of the scandal. Chancellor Jeremy Hunt is then expected to announce details of the compensation package as soon as Tuesday. 30,000 people were infected with HIV and hepatitis C after being treated in the 1970s and 1980s with blood products and transfusions.
Ivan Boesky, a former financier who was implicated in one of the biggest insider trading scandals of the 1980s, has died at the age of 87 in La Jolla, California. Many believe he was the model for Gordon Gekko, the greedy character played by Michael Douglas in Oliver Stone's 1987 film "Wall Street". He had parlayed $700,000 from his late mother-in-law's estate into a fortune estimated at more than $200 million. His nicknames included "Piggy" and "Terrible".
FAA has reinstituted a ground stop at O'Hare International Airport due to severe weather. Severe thunderstorm watches and warnings are in effect until 3:15 p.m. for parts of Illinois. Monday's high will be 88 degrees, and Tuesday will be even hotter with a high of 91. Thunderstorm activity may develop in parts of the Middle Mississippi Valley extending to Lower Michigan by Monday afternoon. Fire weather conditions expected in western New Mexico and into southeastern Arizona.
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The head prosecutor at the International Criminal Court announced Monday that he was seeking arrest warrants for Israel's prime minister and defense minister and three Hamas leaders in Gaza for war crimes and crimes against humanity in connection with the Israel-Hamas war. Israeli President Isaac Herzog called the announcement “beyond outrageous” U.S. President Joe Biden denounced the ICC prosecutor’s decision to equate Hamas terror attacks and civilian abductions in southern Israel with Israel’ s military practices in Gaza. UK deputy foreign secretary Andrew Mitchell said the request smacked of an unworthy and ludicrous comparison between Israel and Hamas. Tory foreign minister slammed the ICC's decision to seek arrest warrants as a “repugnant” moral equivalence.
Ebrahim Raisi, 63, and Hossein Amirabollahian, 60, were killed in a helicopter crash in mountainous terrain near the Azerbaijan border. Supreme Leader Ayatollah Ali Khamenei named a little-known vice president as caretaker. In Tehran, businesses were open and children attended school Monday. There was a noticeable presence of both uniformed and plainclothes security forces downtown. The crash comes at a hugely tumultuous time for the Middle East amid the Israel-Hamas war.
Robert O'Brien, John Rakolta and Ed McMullen are former US foreign policy officials in Donald Trump's administration. They met with Benjamin Netanyahu, Yair Lapid and other public figures in Israel on Monday. The main goal of the trip was to gain a better understanding of Israel's domestic political situation. This comes as the International Criminal Court's prosecutor recently indicted Netanyahu for failing to prevent the October 7 Hamas attack. It was a rare case of T by Gram Slattery.
WikiLeaks founder Julian Assange can appeal against extradition to the United States on espionage charges, a London court ruled on Monday. He has been indicted on 17 espionage charges and one charge of computer misuse over his website’s publication of a trove of classified US documents almost 15 years ago. The Australian computer expert has spent the last five years in a British high-security prison after taking refuge in the Ecuadorian Embassy in London for seven years. His supporters cheered and applauded outside court as news of the ruling reached them from inside the Royal Courts of Justice.
The PM today pledged comprehensive compensation to the thousands of victims and their families. The unprecedented disaster saw patients contract Hepatitis C and HIV while they were receiving NHS care between the 1970s and 1990s. Compensation payments are set to reach around £10billion and will be laid out by ministers on Tuesday. An estimated 3,000 people in the United Kingdom are believed to have died and many others were left with lifelong illnesses after receiving blood or blood products tainted with HIV or hepatitis.
Jacob Zuma was disqualified from running for a Parliament seat in next week's national election because of a previous criminal conviction. He was sentenced to 15 months in prison in 2021 by the court for contempt for refusing to testify at a judicial inquiry into government corruption. The former president is now the leader of a new party, uMkhonto weSizwe (MK) Party. He resigned as president in 2018 after a series of corruption scandals and internal infighting in the ANC. He will face South African President Cyril Ramaphosa in the general elections later in May.
Jake Sullivan, the White House national security adviser, met with Israeli Prime Minister Benjamin Netanyahu on Sunday. Sullivan is expected to press for Israel to go after Hamas militants in a targeted way and not with a full-scale assault on the southern Gaza city of Rafah. The United Nations says 800,000 people have been forced to flee Rafah as a result of Israel’s assault on Hamas militants there. Israel's military said air strikes hit more than 70 targets across Gaza while ground troops conducted “targeted raids” in eastern Rafah killing 50 militants and locating dozens of tunnel shafts.
Taiwan's fifth popularly elected president, Lai Ching-te, is set to be sworn in on May 20 and will deliver his inaugural address in front of the Presidential Office Building in Taipei. He takes over from Tsai Ing-wen, who led Taiwan through eight years of development despite the COVID-19 pandemic and China's escalating military threats. Beijing cut off direct communication with Taipei after Lai's predecessor refused to accept the notion that Taiwan is part of China.
There was an attempted coup in Kinshasa, the capital of Democratic Republic of Congo on Sunday morning. The plot was foiled and 50 people, including three US citizens, were arrested. The leader of the coup, Christian Malanga, a Congolese native who had become a naturalized American citizen, was killed during the confrontation with security forces. Three Americans, possibly CIA agents, are reported to have been arrested. A parliament member's house was also attacked leading to the death of two guards and an assailant.
Georgia's parliament passed a controversial "foreign agents" law that has triggered widespread protests across the former Soviet republic. President Salome Zourabichvili has vowed to veto the law, but the parliament can easily override her. The bill requires media and nongovernmental organizations receiving more than 20% of their funding from abroad to register as “agents of foreign influence” or face crippling fines. It is also seen as a threat to Georgia's aspirations to join the European Union.
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Red Lobster, America's largest seafood restaurant chain, has filed for bankruptcy. The company is closing down its restaurants and auctioning off kitchen equipment as part of the process. Red Lobster opened a second restaurant in Beijing on Sunday. Bill Darden opened the first Red lobster restaurant south of Orlando, Florida, in 1968 just a few weeks before Martin Luther King Jr. was assassinated. He wanted it to be fully integrated so that customers would enter and exit the same doors. Black people eat out more often at restaurants than white people.
JPMorgan Chase CEO Jamie Dimon is 68. He will present growth strategies and financial targets at the bank's annual investor day in New York on Monday. The shares of JPMorgan Chase are trading near record levels. J.P. Morgan is a leader in investment banking, commercial banking, financial transaction processing and asset management. It serves millions of customers predominantly in the U.S., and many prominent corporate, institutional and government clients globally. They aim to help their employees, customers, clients and communities grow and thrive.
BMW, Jaguar Land Rover and Volkswagen used parts from a Chinese manufacturer accused of using forced labor in Xinjiang. The Uyghur Forced Labor Prevention Act passed in 2021 aims to curb the import of goods produced with forced labor from China's Xinjiang region. BMW imported over 8,000 Mini Cooper vehicles into the U.S. containing electronic components from a banned Chinese supplier. VW made vehicles for the US market with such components and has "ongoing business ties" to manufacturing in China's northwestern Xinjiang area.
Hims & Hers Health is introducing access to compounded GLP-1 weight loss injections. The company's shares soared over 30% during Monday trading following the news. Hims & Hers offers a range of direct-to-consumer treatments for conditions like erectile dysfunction and hair loss. It launched a weight loss program in December. Customers can get a prescription for the drug from a licensed health care provider directly on the platform. A month’s supply of the weight loss medication will start at $199.
Morgan Stanley's chief investment officer and chief U.S. equity strategist Mike Wilson expects the S&P 500 to rise 1.5% to 5,400 over the next 12 months. Brian Belski revises his 2024 year-end forecast to a Street high of 5,600. Micron was upgraded to Equal Weight from Underweight at Morgan Stanley. Microsoft plans to introduce new AI features at a conference today. Eric Fry will show you how “the next $1 trillion AI stock” could hand you up to 40 years of Nvidia gains in the coming months.
Dow Jones Industrial Average closed above 40,000 for the first time. All three major U.S. stock indexes posted strong gains for the week. Copper surged to a 26-month peak after China announced fresh support for its ailing property sector. Nickel prices touched their highest level since August 2023 amid unrest in nickel producer New Caledonia. Data from earlier this week showing softening consumer prices in April boosted expectations that the Federal Reserve will be able to cut rates twice this year, beginning in September.
Target is cutting prices on about 5,000 items this summer. The price cuts will be visible both in stores and on the Target website and app. It has already reduced prices on 1,500 items and plans to cut prices on thousands more over the course of the summer. Some of the items that have already seen reductions are: Jack’s Frozen Pepperoni Pizza – $3.99 (was $4.19), Good & Gather Sea Salt Roasted Nuts – $5.29 (from $6.89), Clorox Scented Wipes – $4 ($4.99)
Gopi Thotakura, 30, from Vijayawada became the first Indian space tourist on Amazon founder Jeff Bezos' Blue Origin's seventh human flight. Gopi is an entrepreneur and a pilot who learned how to fly before he could drive. He co-founded Preserve Life Corp, a glo. Ed Dwight (90) is now the oldest man on Earth to go to space. Blue Origin launches 6 tourists to the edge of space after nearly 2-year hiatus.
Andy Jassy is the CEO of Amazon. He joined the tech giant in 1997 as a marketing manager before launching Amazon Web Services with Jeff Bezos. In an interview with LinkedIn CEO Ryan Roslansky, Jassy shares his best career advice about having a positive attitude and working well on a team. The trick to getting ahead at work isn't being the fastest learner or the smartest in the room, but having a good attitude. If you have the right mindset, you should be able to confidently answer "yes" to the following questions: Do you work hard, are you more can-do than naysaying, do you do what you said you were going to do, and can you work in a team?
Nvidia will release its fiscal Q1 2025 earnings this Wednesday, May 22 after the closing bell rings. Last year's quarterly report was among the most spectacular earnings and guidance beats that we have ever seen for a company of Nvidia's size. The semiconductor giant has been showing remarkable stock market strength since late 2022 and the beginning of the artificial intelligence (AI) boom. NVIDIA shares rose from about $147 at the start of 2023 to $480 at its end and followed up with an 86.59% rise in 2024. Despite the general uptrend, Nvidia faced a slight correction and has been trading relatively sideways in the last 30 days.
Ivan Boesky, the infamous stock trader whose cooperation with the government cracked open one of the largest insider trading scandals in the history of Wall Street, has died at the age of 87. The son of a Detroit delicatessen owner, he had parlayed $700,000 from his late mother-in-law's estate into a fortune estimated at more than $200 million. He was implicated in insider trading and cooperated with a brash young U.S. attorney named Rudolph Giuliani in a bid for leniency.
Spot gold rose 1.3% to $2,407.65 per ounce on Friday, its highest since April 19. Gold prices are up 2% so far this week. The market was lifted after China announced "historic" steps to stabilise the crisis-hit property sector. New York Fed President John Williams said he doesn't expect interest rate cuts anytime soon. Copper's all-time high stood at $11,104 per tonne and silver broke the $30 barrier to hit an 11-year high.
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Microsoft introduced a new category of Windows PCs designed for AI, Copilot+ PCs. The company also announced a Surface Laptop and a Surface Pro tablet with a Qualcomm chip that can run some AI tasks without an internet connection. Microsoft introduced today its all-new Surface Pro and Surface L laptop along with new “Copilot+. PCs” from Acer, ASUS, Dell, HP, Lenovo and Samsung. Spirit Airlines drops cancellation fees and changes view view and share view on its new version of its Surface Pro tablets.
Gemini, Google's AI chatbot, is expanding into other apps and features in the coming months. Some of the updates will initially roll out for developers and Gemini Advanced subscribers. Google announced this week that it would begin the international rollout of its new artificial intelligence-powered search feature, called AI Overviews. It was a challenging year to go to Google I/O as a user of its existing products. There was little on the advent of Android 15 and what it would bring to the operating system.
ChatGPT's newest version, GPT-4o, aims to converse in a more human way. It has a more realistic voice and quicker verbal response time. New York Times' in-house technology rube Kevin Roose finds it embarrassing that OpenAI’s own employees treat ChatGPT like a human. The new version is rolling out right now to all users, including free users. In the current release, many of the features that were previously available to paying subscribers are no longer available.
Acer has launched the Acer Swift 14 AI, its first Snapdragon X laptop. Lenovo announced its new Yoga Slim 7x AI PC laptop. It will ship in June 2024 and preorders are open today with an "expected starting price" of $1,199. The list of OEMs launching Snapdragon X Elite or Snapdragon X Plus includes Acer, ASUS, Dell, HP, Lenovo, Microsoft, and Samsung. Qualcomm announced its Snapdragon X platform as a heart of a Copilot+ PC a day before Microsoft Build.
Google's new Pixel 8a is a budget smartphone with great cameras and a 120Hz OLED display. It launched on May 14th at $499, but Amazon has already discounted it to $499. Digital Spy recently tried out the new handset and concluded that if you're after an iPhone alternative this is one of the top Androids with a consistent camera system, a sleek modern design and all-day battery life. CBS Essentials is created independently of the CBS News editorial staff and may receive commissions from some links to products on this page.
Samsung's Galaxy Book4 Edge laptop has been spotted on Korea Certification Mark's website. Samsung is expected to unveil its first laptop featuring Qualcomm's Snapdragon X Elite processor later today. WinFuture report offers a first look at Samsung’s upcoming laptop models, revealing key specifications and high-resolution images of the upcoming devices. The laptops will be available in 14-inch and 16-inch screen sizes with 3K AMOLED displays. They will feature a built-in 5G modem, GPS, Wi-Fi 7, Bluetooth 5.4, and USB 4.0 (Thunderbolt 3).
Apple's new iPad Pro is one of the most divisive devices in years. The base model starts at $999, while the 13-inch model costs $1,299. Engadget recommends the 11-inch M1 iPad Air for its great combo of high-end speed at a not-too-outrageous price starting at $600. It also has double the storage at 128GB and a more capable processor. Apple's new Pencil Pro is an improved stylus with features that will appeal to artists and creatives.
Apple's second-generation AirTag, codenamed B589, is expected to launch in 2025. It will offer improved location tracking with a new Ultra-Wideband chip. Manufacturing tests are currently being conducted in Asia. The original AirTag was launched in April 2021 and it has been three years since its debut. Bloomberg's Mark Gurman reports that the new version of AirTag is expected around the middle of next year. According to 9to5mac, Apple is conducting manufacturing tests with its partners in Asia for the product.
In an interview with The Wall Street Journal, Tom Boger explained how the new iPad compares to the Mac. He also addressed whether Apple has plans to release the much-awaited touchscreen Mac. According to Boger, both the iPad and the Mac are "complementary" to each other. Mark Gurman believes that Apple should outfit the Mac with an OLED display and a touchscreen. For another thing, he advocates for the iPad to gain a better operating system and the ability to run Mac apps.
Bloomberg's Mark Gurman claims Apple is about to make some "bold changes" to the iPhone’s iOS operating system. The company is preparing to unleash an AI avalanche on iPhones at its upcoming WWDC 2024. This will include cloud-based as well as on-device AI models developed by OpenAI. It comes shortly after the official announcement of GPT-4o greatly expanding the possibilities of ChatGPT, alongside Google I/O 2024 giving us a look at the new generative AI features coming to its ecosystem.
Next week Dell will release Inspiron 14 7441 Plus, a refresh on the 7440 and a brand new XPS 13 9345. Next generation of 'Snapdragon X Elite' will be released in 2025 and 2027. The next generation of Windows on Arm processors with AI-focused chips is also expected to be released next week. Leaked documents reveal that Dell plans a 2022 update of its XPS laptop with an FHD, QHD+ and OLED screen.
Samsung is hosting an Unpacked event on July 10. The company is expected to launch its next-gen foldable smartphones, Galaxy Z Flip 6 and Galaxy Z Fold 6, as well as the new Galaxy smartwatches and earbuds. Samsung's upcoming Galaxy Watch 7 is said to be powered by a 3nm chip. It supports 15W charging, 50% faster than the current Samsung Galaxy Watch 6 which takes around one hour and 30 minutes to get charged from 0 to 1%.
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