From TradeBriefs <[email protected]>
Subject Jun 8, 2024 - GameStop booster 'Roaring Kitty' went live on YouTube -- and the stock plunged 40%
Date June 8, 2024 3:24 AM
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News for Decision-Makers
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-------------------------

From the Editor's Desk

The return of Cambodia's food lost during the Khmer Rouge regime

A Cambodian chef is one of a few women looking to revive her culture's
nearly forgotten Khmer recipes; her recent cookbook, Saoy, was named
'the best cookbook in the world'.

Cambodian (also known as Khmer) cuisine consists of subtle curries and
fresh flavours, yet despite its palate-pleasing complexity, it has
barely made it onto the international map. In recent years, however,
this has begun to change, with contemporary female chefs making it
their mission to preserve and share Khmer recipes and ingredients that
were nearly lost during the brutal Khmer Rouge period of the 1970s,
when many restrictions were placed on local foods, from eating to
farming.

Continued here
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Work

GameStop booster 'Roaring Kitty' went live on YouTube -- and the stock
plunged 40%
[[link removed]}&lead=419599&emailid=13052&nl=daily]  
   [[link removed]}&lead=419599&emailid=13052&nl=daily]
Trading was halted several times during the chaotic livestream. The
stake held by Keith Gill (Roaring Kitty's real name) dropped by $235
million

Work

Narendra Modi Won India's Election--But the BJP Lost Power
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India's ruling party fell short of winning a single-party majority,
marking a stark departure from the last two elections.






















 










Work

Here's What We Know About Hunter Biden's Net Worth
[[link removed]}&lead=419599&emailid=13052&nl=daily]  
   [[link removed]}&lead=419599&emailid=13052&nl=daily]
An indictment accuses Hunter Biden of spending "millions of dollars on
an extravagant lifestyle."

Work

Latinos for Trump Rebrands to Add 'Americans' to Its Name
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   [[link removed]}&lead=419599&emailid=13052&nl=daily]
Trumps Latino outreach effort aims to emphasize citizenship as he
makes inroads with these voters, even as he ramps up inflammatory talk
about immigrants.







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Work

Thieves Stole Thousands of Lego Sets in L.A., Police Say
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Just to confirm, the theft rings focus is, indeed, Lego.

Work

Delta and American slash prices to compete with budget airlines
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The competitive landscape is more intense than it was before the
COVID-19 pandemic















Work

GM has a secret to help sell its new EVs. It's Costco
[[link removed]}&lead=419599&emailid=13052&nl=daily]  
   [[link removed]}&lead=419599&emailid=13052&nl=daily]
GM North America President Marissa West told CNBC that she's "bullish"
on Costco Auto and is asking her team "to see how we can build this
partnership."

Work

Nadella, Narayen among tech CEOs investing in cricket's American dream
[[link removed]}&lead=419599&emailid=13052&nl=daily]  
   [[link removed]}&lead=419599&emailid=13052&nl=daily]
As the Men's T20 Cricket World Cup, co-hosted by the U.S. for the
first time, ramps up, investors seek to bring the sport into the
American mainstream.







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Work

Deepfakes of Australian politicians including Penny Wong and Katy
Gallagher used in investment scams
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Exclusive: AI-generated footage of former PM Scott Morrison also used
in more than a dozen Facebook ads that reached thousands of
Australians

Work

Biden: D-day heroes would ask US to stand up to aggression 'abroad and
at home'
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   [[link removed]}&lead=419599&emailid=13052&nl=daily]
US president urges todays Americans to defend democracy, with apparent
reference to Putin and Trump






















 









Work

Rippling bans former employees who work at competitors like Deel and
Workday from its tender offer stock sale | TechCrunch
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Investor demand has been so strong for Rippling's shares that it is
letting former employees particpate in its tender offer. With one
exception.

Work

In 2024, many Y Combinator startups only want tiny seed rounds -- but
there's a catch | TechCrunch
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   [[link removed]}&lead=419599&emailid=13052&nl=daily]
YC startups are raising smaller seed rounds but with lofty valuations,
and little equity stakes, many investors aren't interested.














 









Work

Startups Weekly: Ups, downs, and silver linings | TechCrunch
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[[link removed]}&lead=419599&emailid=13052&nl=daily]
Welcome to Startups Weekly Hajes weekly recap of everything you cant
miss from the world of startups. Anna will be covering for him this
week. Sign up

Work

BlackRock has slashed the value of stake in Byju's, once worth $22
billion, to zero | TechCrunch
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   [[link removed]}&lead=419599&emailid=13052&nl=daily]
BlackRock, an investor in Byju's, estimates that its stake of Indian
edtech giant, once valued at $22 billion, is now worth nothing.






















 









Work

Startup Battlefield 200 applications due Monday | TechCrunch
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[[link removed]}&lead=419599&emailid=13052&nl=daily]
Founders: Need plans this weekend? What better way to spend your time
than applying to this year's Startup Battlefield 200 at TechCrunch
Disrupt. With

Work

Exclusive: Novel battery manufacturer EnerVenue is raising $515M, per
filing | TechCrunch
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[[link removed]}&lead=419599&emailid=13052&nl=daily]  
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The company is in the process of building a gigawatt-scale factory in
Kentucky to produce its nickel-hydrogen batteries.






















 









Work

Republicans Are 'Running Out of States' to Pass New Transgender
Restrictions
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In an election year, efforts to pass limits on transgender rights have
slowed in Republican-led legislatures.

Work

5 Convicted in Federal Fraud Trial Imperiled by a Gift Bag of Cash
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Prosecutors accused the defendants of stealing millions of dollars
from programs meant to feed children. A juror was replaced after
officials said she was apparently offered a bribe of $120,000 to
acquit.

Work

Trump's Former Chief of Staff Pleads Not Guilty in Arizona Election
Case
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   [[link removed]}&lead=419599&emailid=13052&nl=daily]
Mark Meadows, who was the White House chief of staff in 2020, is
accused of taking part in an effort to reverse Donald Trumps loss in
Arizona.

Work

Weeks Before Prison, a Defiant Bannon Is Still Rallying MAGA World
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The onetime adviser to former President Donald J. Trump has framed his
impending imprisonment as an act of patriotism.

Work

Hunter Biden Is on Trial, but All Eyes Are on the Biden Women
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The women called to testify have at different times tried to support a
man whose history of addiction continues to hit them with shrapnel.

Work

R.F.K. Jr. Will Be on the Ballot in Florida, His Campaign Says
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The minor but storied Reform Party, which is backing Robert F. Kennedy
Jr., had its ballot access restored, a significant boon for the
independent candidate.

Work

The Biden Family's Public Reckoning With Addiction
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President Biden is keeping his son close, and acknowledging his
addiction, while hes on trial.

Work

School and Police Officials in Vermont Apologize for Mock Shooting
Drill
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The exercise upset some high school students who were on a field trip
to the Burlington Police Department this week.

Work

Apple Watch in Stolen Luggage Leads to Airport Worker's House, Police
Say
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   [[link removed]}&lead=419599&emailid=13052&nl=daily]
The Sheriffs Office in Broward County, Fla., said an airport worker
had been charged with stealing a womans bag, which had her Apple Watch
inside.

Work

Have You Applied for Federal Compensation for Nuclear Radiation
Exposure? We Want to Hear From You.
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Were hoping to speak to people who have filed a claim through the
Radiation Exposure Compensation Act. We want to know what the
experience was like.

Work

Putin, at Economic Forum, Again Talks About Nuclear War
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The Russian leaders chatter about nuclear weapons has picked up since
the U.S. allowed Ukraine to use its conventional weapons against
military targets in Russia.

Work

Senate Democrats Face Escalating Calls for Broader Investigation Into
Supreme Court
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They say their options are limited by the courts status as a separate
branch of government and deep Republican opposition.

Work

YouTuber Who Had Lamborghini Shot With Fireworks From a Helicopter Is
Arrested
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Suk Min Choi, also known as Alex Choi, landed in trouble for directing
the stunt recorded last year and posted to his YouTube channel,
prosecutors said.

Work

Mike Pence Derailed His Political Career Opposing Trump. Can He Revive
It?
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The former vice president wants to climb back to relevance as a keeper
of the flame for traditional conservatism. The Trump camp calls him
Judas Pence.

Work

Clarence Thomas, in Financial Disclosure, Acknowledges 2019 Trips Paid
by Harlan Crow
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The justice amended an earlier filing to include vacations to Bali and
an exclusive California club paid for by the Texas billionaire Harlan
Crow.

Work

Latinos on the Border, Once Reliable Democrats, Waver Over Migrant
Surges
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In South Texas, where Latinos are the majority in most communities,
there is skepticism over President Bidens new asylum ban and whether
it will yield the long-term border security that residents are hoping
for.

Work

Trump Says He Will Announce His Running Mate at Convention
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The former president, who has a knack for building an audience since
his reality TV days, is narrowing down the field of contenders.

Work

Hunter Biden's Daughter Naomi Testifies on His Behalf in Gun Trial
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During the cross-examination, government lawyers elicited anguished,
and excruciating, details about their relationship at the time.

Work

United Airlines is launching its own advertising network
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The airline plans to leverage passenger data to send personalized ads
to customers through its mobile app and in-flight entertainment system

Work

Microsoft's controversial AI tool that takes screenshots on PCs will
be turned off by default
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   [[link removed]}&lead=419599&emailid=13052&nl=daily]
Microsoft's upcoming Copilot+ PCs feature AI tools such as Recall,
which screenshots users activity periodically

Work

You can see the unsold Teslas piling up in parking lots -- from space
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Tesla has a glut of almost 50,000 cars just sitting around in lots so
packed they can be seen from orbit

Work

Tesla investors will vote Thursday on Elon Musk's $46 billion payday.
Here's what to know
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The electric vehicle maker's annual shareholder meeting is June 13

Work

Apple is far behind in the AI race. But that's 'entirely on brand,'
analyst says
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   [[link removed]}&lead=419599&emailid=13052&nl=daily]
Apple expected to announce its AI strategy at the Worldwide Developers
Conference next week

Work

IKEA is hiring real people to work inside its Roblox store
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Ten people will serve meatballs and help shoppers inside the video
game

Work

Get ready for more expensive flights because of climate goals, airline
executive says
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Airlines' goals to cut emissions will require customers to pay more,
an industry leader said

Work

The 3 most admired Fortune 500 CEOs, according to other Fortune 500
CEOs
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Microsoft chief executive Satya Nadella topped the list of most
admired CEO

Work

GM is 'bullish' on selling EVs -- because of Costco
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A GM executive said the automaker sees a "huge opportunity" in the
wholesale retailer

Work

Spirit Airlines says it's not considering bankruptcy
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Many investors and market observers aren't so sure

Work

Toyota's new problem: Banks want out
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Big banks are looking to pull their money out of the automaker

Work

Watch live: GameStop stock booster 'Roaring Kitty' returns to YouTube
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GameStop stock has been extremely volatile following the company's
first-quarter earnings report

Work

Netflix says it's fighting back against a $170 million 'Baby Reindeer'
lawsuit [[link removed]}&lead=419599&emailid=13052&nl=daily]  
   [[link removed]}&lead=419599&emailid=13052&nl=daily]
A lawsuit claims Netflix told the "the biggest lie in television
history"

Work

Short sellers are betting billions against Nvidia stock
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Short bets against Nvidia are almost double the value of those against
both Apple and Tesla

Work

Nvidia tops Apple, Elon Musk's SpaceX lifts off, and Big AI in the hot
seat: Tech news roundup
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Plus, Apple is expected to announce a range of AI updates at its
Worldwide Developers Conference

Work

GameStop stock swings wildly as surprise earnings show sales sinking
before Roaring Kitty's YouTube return
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The video game retailer's meme stock was surging but the company's
actual financials sent the shares plunging

Work

The AI boom sent TSMC's sales surging 30%
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The chipmaker's net revenue for May grew to $7.1 billion

Work

United Airlines and Delta have resumed flights to Israel
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The airlines had mostly paused service to the country since October
during its war in the Gaza Strip

Work

Think big SUVs are super safe? Think again
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The Ford Expedition did worse than 90% of all new cars in its latest
crash test

Work

Jeep wants to make its lineup simpler to boost quality
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Jeeps boss thinks that there are too many trims on models like the
Wrangler. Cutting things down may help with confusion and quality
issues

Work

Nvidia's big stock split is today. Here's what to know
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The AI chipmaker's stock was down slightly to start the day

Work

Under Paris: Why a French film about a killer shark in the Seine is
the popcorn movie of the summer so far
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Netflix's monster movie Under Paris is creating serious waves. it's
the latest low-budget non-English language film to show the big US
studios how popular entertainment is done.

Work

Microsoft backtracks on PC screenshot feature after outcry
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Microsoft will modify a tool on its new AI-powered PCs that had
sparked privacy concerns.

Work

Conservatives pledge to 'back drivers' with new law
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The plans would include "unilaterally reversing" the expansion of the
Ulez clean air scheme in London.

Work

Shein: The rise and rise of a fashion giant
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The retailer could be heading for London's stock market, but its rise
has not come without controversy.

Work

Labour vows to 'pull up shutters' for small business
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Labour leader Sir Keir Starmer suggested that "hard-working small
businesses have been held back".

Work

100ml liquid rule reintroduced at some regional UK airports
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All of the airports which are affected have upgraded to new high-tech
CT scanners.

Work

US jobs surge casts doubt over interest rate cuts
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US employers added 272,000 jobs in May which was far higher than
economists expected.

Work

Unite union refuses to endorse Labour's election manifesto
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Labour's biggest trade union backer is concerned workers' rights
policies do not go far enough.

Work

Body Shop sets deadline to save UK stores and jobs
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Bidders have until next week to make an offer and save the remaining
1,500 UK jobs at the retailer.

Work

Co-op to make 770 community helpers redundant
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The mutual denies the cuts go against its values of serving and
protecting local communities.

Work

Roaring Kitty Talked GameStop and Chugged Beer. Shares Plunged.
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Keith Gill, the investor who spurred the meme stock mania in 2021,
attracted a huge audience for his public return to livestreaming
Friday. But his favorite buy dropped.

Work

A New Measure Shows C.E.O. Pay at Even More Astronomical Levels
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With new executive pay disclosures, the big picture is still riches at
the top and lagging wages for most of the rank-and-file, our columnist
says.

Work

Biden Has a Historically Strong Job Market. It May Not Be Enough.
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Job gains continue to surge, and the unemployment rate remains low,
but as the president seeks re-election, voters say they care more
about high prices.

Work

Team Ownership Rules Complicate a Soccer Star's Next Move
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The rise of multiclub networks introduced a web of conflicts to
European soccer, and could block a young Brazilians heralded transfer
to Manchester City.

Work

Washington Post Leaders Look to Quell Anxiety
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Will Lewis, the chief executive, pledged to employees to improve how
well I listen, while Matt Murray, the new editor, tried to reassure
staff members.

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