DIRS.INFO The most relevant business & tech news

☆ Welcome to the AI dystopia no one asked for, courtesy of Silicon Valley
▼ + stars: | 2024-05-10 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

AI skeptics — who are legion, and not necessarily part of the fringe tin foil hat crowd — are begging Silicon Valley to take a beat before unleashing AI to the world. Then, the big reveal: It’s all contained in Apple’s new iPad, its thinnest and most powerful ever, thanks to its brand new AI chip. Meanwhile, is anyone else getting inundated with Google’s Pixel ads, which show people giddily using the smartphone’s AI photo-editing software to deceive their online followers? Apple is expected to announce its own ChatGPT-like tools that could be a game changer for your internet searches. The Jeff Goldblums of the AI debate — who include some of the industry’s own pioneers — are not necessarily saying we have to smother AI and pretend it never existed.

Persons: CNN Business ’, Jeff Goldblum’s, “, John, that’s, —, Cher’s, Asif Kapadia, ”, Luke Barnett, Apple, Tim Cook, Apple’s, Siri, I’ll, We’re, Jeff Goldblums, weren’t Organizations: CNN Business, New York CNN, Google, Apple, Space Invaders Locations: New York

☆ Wall Street expects rate hikes are off the table for now. Next week’s inflation data will test that thesis
▼ + stars: | 2024-05-10 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

Stocks have been churning higher lately after Fed Chair Jerome Powell indicated rate hikes are likely off the table , a position that investors expect is a bullish event for equities. A strong earnings season, as well as some cooler labor data , also have investors more optimistic in this year's outlook. On Friday, all three major averages are on pace for a winning week, with the 30-stock index up by more than 2%. The market reaction Inflation data has been crucially important this year for investors. Export Price Index (April) 8:30 a.m. Housing Starts (April) 8:30 a.m.

Persons: Jerome Powell, Mike Dickson, Stocks, Dickson, Jeff Buchbinder, Buchbinder, Strategas, Jason De Sena Trennert, Ken Mahoney, Mahoney, Charles Schwab, Price Organizations: Federal Reserve, Dow Jones, Treasury, Horizon Investments, Nasdaq, UBS, Investments, ICE, Fed, LPL, Asset Management, Walmart, Deere, Retail, Cisco, Price, Housing, Philadelphia Fed, Manufacturing, Materials Locations: NAHB

Here are the takeaways from day 15 of the Trump hush money trial:Cohen is on deckCohen is expected to take the stand Monday, putting him face-to-face with his former boss. With Cohen’s testimony implicating Trump, however, comes all of the baggage that accompanies the former president’s longtime fixer. Judge to Cohen: Please stop talkingAhead of Cohen’s expected testimony, Trump attorney Todd Blanche urged Judge Juan Merchan to order Cohen to stop talking about the trial and Trump. Video Ad Feedback Pollster: Trump's trial won't affect votes in November 03:46 - Source: CNNMerchan has already said he cannot gag witnesses in the case. Prosecutors introduce key text and call records into evidenceAfter Westerhout left the stand, prosecutors spent the rest of the day calling a series of custodial witnesses to introduce cell phone records into evidence.

Persons: Donald Trump’s, Michael Cohen, Trump’s, Stormy Daniels, Trump, Cohen, Daniels, He’s, Alvin Bragg’s, Cohen’s, Todd Blanche, Judge Juan Merchan, Blanche, ” Blanche, Joshua Steinglass, ”, CNN Merchan, Merchan, “, ” Cohen, White, Madeleine Westerhout, Susan Necheles, Westerhout, didn’t, ” Westerhout, she’d, Allen Weisselberg, ” Necheles, she’s “, Weisselberg, Cohen reimbursements, Stormy Daniels ’, Gina Rodriguez, Dylan Howard, Howard, Rodriguez, David Pecker, “ We’re, ” Rodriguez texted Howard, “ Keith, Davidson, ” Howard, ” Rodriguez, Steinglass, ” Merchan, wasn’t Organizations: CNN, White, Prosecutors, Trump, Manhattan, White House, Trump Org ., National Enquirer, American Media Inc, Trump Org Locations: Manhattan

☆ AI washing: A Microsoft VC's warning about dubious, and rising, corporate artificial intelligence claims
▼ + stars: | 2024-05-10 | by ( Rachel Curry | ) www.cnbc.com time to read: +6 min

Some are practicing something called "AI washing," which Securities and Exchange Commission chair Gary Gensler explained in a video includes "false claims to investors by those purporting to use those new technologies." In reality, what AI washing leads to is a breakdown of confidence between vendors and their consumers, enterprise partners and investors. Bates says so-called button-pushing applications are AI washing, too. "These prompts that are being sold as AI companies, they have to be maintained and monitored and adjusted in order to work." Stewart says even 80–90% gross profitability for a fully AI company with limited human intervention is standard.

Persons: they're, Gary Gensler, It's, it's, Michael Stewart, Timothy Bates, Bates, Toby Coulthard, Coulthard, Microsoft's, Stewart Organizations: Securities, Exchange, SEC, Inc, University of Michigan, Flint College of Innovation & Technology, Lenovo, General Motors

☆ Sports gambling is taking a cue from Wall Street, and it could be a problem for sportsbooks
▼ + stars: | 2024-05-10 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at how a sports bettor trying to hedge a $1.7 million payout shows the gambling world is taking a page out of Wall Street's book . The big storySports gambling goes Wall StreetiStock; Rebecca Zisser/BIHow would you like to turn $100 into $1.7 million in a little over a year? Thanks to a secondary market for gambling tickets, Shelton could sell his ticket to another bettor. And not unlike Wall Street's feelings about retail traders, Shelton is the type of gambler sportsbooks love. Unlike mom-and-pop gamblers who often bet on a whim, so-called sharps' systematic approach to gambling can pose a problem for sportsbooks.

Persons: —, Rebecca Zisser, Wayne Shelton, Shelton, Matthew Fox, Anthony Edwards, Joshua Gateley, sportsbooks, Shelton's longshot, Goldman Sachs, Sam Bankman, Fried, Puck, SBF, Justin Sullivan, Getty Sundar Pichai, Pichai, Jack Dorsey, he'd, Mike Solana, Dorsey, Bluesky, Demis, Microsoft's Mustafa Suleyman, they'd, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Sports, MLB, NFL, NBA, Oklahoma City Thunder, Thunder, Dallas Mavericks, Western Conference, ESPN, Boston Celtics, Minnesota Timberwolves, Getty, Detention, MDC, Bloomberg, Bay Area, YouTube, Spotify, Apple, Warner Brothers, Justice League, Big, Honda Locations: China, Russia, Brooklyn's, Young, New York City, New York, Bay, London

☆ I was born and raised in Greece. These are the 11 best luxury resorts in the country that are actually worth the money.
▼ + stars: | 2024-05-10 | by ( Fani Mari | ) www.businessinsider.com time to read: +8 min

I'm from Athens, Greece, and I travel around the islands all the time staying at luxury resorts. Some of my favorite spots in Crete are Stella Island Resort and ACRO Suites. And if you're looking for luxury, I've found some of the best resorts in the country. One&Only Aesthesis Resort, AthensOne&Only is a global brand, but the chain's first luxury resort in Greece is located in Glyfada, right by the sea. AdvertisementStella Island Resort, Heraklion, CreteStella Island is an adults-only resort that's great for solo women, couples, or honeymooners.

Persons: Sani, —, I've, Mari, Cavo, Fani Mari, Halkidiki Sani, Milos Cove, Milos, Milos —, Aphrodite, Porto, Sven Hansche Organizations: Service, Delta Air Lines, UNESCO, Cavo, Porto Heli Porto Heli, Porto Cheli Locations: Athens, Greece, Crete, Stella, Mystras, Mykonos, Glyfada, Kea, Antiparos, Heraklion, Crete Stella, Maldives, Agia Pelagia, Kiev.Victor, Zakynthos, Peloponnese, UNESCO, Spetses

☆ Russia's jamming of American weapons in Ukraine is showing the US what it needs to be ready for in a future fight
▼ + stars: | 2024-05-09 | by ( Chris Panella | Jake Epstein | ) www.businessinsider.com time to read: +10 min

Russia's electronic warfare has repeatedly foiled American precision weapons in Ukraine. Those could include different weapons, specific countermeasures, and the targeting of enemy jamming systems. Any fixes developed to effectively counter the challenge posed by electronic warfare won't just benefit Ukraine. Electronic warfare is a broad term that includes a variety of inexpensive options. Felicia JagdattEfforts to adapt precision weapons to the threat is just one facet of a multi-layered solution, Withington said.

Persons: —, Antonio Aguto, They'll, Mark Cancian, Denis Abramov, Thomas Withington, That's, JDAMs, Withington, Daniel Patt, Harry S, Cancian, it's, Doug Bush, that's, Bush, Felicia Jagdatt Organizations: Service, Systems, Attack Munitions, Security, Marine, Center for Strategic, International Studies, Business, DoD, Russian Defense Ministry, Royal United Services Institute, Getty, Hudson Institute, Truman, US, Intelligence, US Air Force, Army, US Army Locations: Ukraine, Moscow, Russian, Russia, China, Withington, Bliss, Texas

☆ How Corporate America is rethinking its sustainability and diversity efforts
▼ + stars: | 2024-05-09 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we're looking at how Corporate America is rethinking its sustainability and diversity efforts amid a push to avoid being labeled "woke." The rallying cry against companies' progressive campaigns is starting to leave a mark on Corporate America. AdvertisementAfter years of big promises and grand plans around social issues like diversity and sustainability, companies have taken a noticeable step back , Business Insider's Emily Stewart writes. The electric car maker axed more than 3,400 job postings in North America down to just three on Wednesday.

Persons: —, let's, wokening Brooks Kraft, Emily Stewart, Emily, ESG, hasn't, Peter Thiel, Donald Trump's, Bud Light, influencer Dylan Mulvaney, Rock, Saul Loeb, Chelsea Jia Feng, Wall, Warren Buffett, It's, Justin Sullivan, Elon, Eric Schmidt, Steve Mnuchin, Kevin O'Leary, salespeople, BI's Rob Price, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, wokening Brooks Kraft LLC, Corporate America, Trump Media, Getty Images, of America, Berkshire Hathaway's, People's Bank of China, Chelsea, Microsoft, Google, YouTube, Netflix Locations: America, Beijing, North America, New York, London

☆ I worked remotely from a cruise ship for almost a month and it was hard but I'm doing it again
▼ + stars: | 2024-05-09 | by ( Jamie Killin | ) www.businessinsider.com time to read: +5 min

Tony Fernandes, CEO of UEGroup, managed his company from a cruise ship for 21 days. AdvertisementThis as-told-to essay is based on a conversation with Tony Fernandes, a 60-year-old founder and CEO of UEGroup based in San Francisco, about his experience working remotely on a cruise ship. In November, I embarked on a trip where I spent several weeks leading my company from a cruise ship with my wife. Expect very slow internet serviceOne thing I didn't realize prior to the trip was that the cruise ship had only one satellite connection shared by thousands of people. If you live or work on a cruise ship and would like to share your story, please email mlogan@businessinsider.com.

Persons: Tony Fernandes, Fernandes, —, It's, We're, You've Organizations: Service Locations: San Francisco, Europe, Singapore, Thailand, Malaysia, Japan, Portugal, California

The three companies collectively operate 75 U.S. casinos that permit indoor smoking, where state law allows. States like Nevada and New Jersey have prohibited indoor smoking more broadly, but carved out exceptions for casinos. Legislation to end indoor smoking at casinos is in various stages in several states across the country, including New Jersey, Pennsylvania and Rhode Island. Advocates for smoking bans point to research by C3 Gaming that concluded smoke-free casinos generate more revenue and outperform competitors that allow smoking. In Las Vegas, MGM Resorts opened the first casino resort on the Strip to prohibit indoor smoking and even smoking on the pool deck.

Persons: Boyd, Bally's, it's, Jan Jones Blackhurst, we've, Marc Oppenheimer, we're, it'll Organizations: Boyd Gaming, Bally's Entertainment, Caesars Entertainment, Trinity Health, Nonsmokers, Rights Foundation, Trinity, Caesars, The Securities, Exchange Commission, C3 Gaming, SBC, North, United Auto Workers, Disease Control, U.S, CNBC, Las Vegas, MGM Resorts, MGM Locations: Livonia , Michigan, Bally's, U.S, Nevada, New Jersey, New Jersey , Pennsylvania, Rhode Island, North America, United States, Pennsylvania, Bensalem, Philadelphia, Las

☆ Exclusive: Convergence AI, a new startup founded by ex-Cohere employees, is in talks to raise a major pre-seed round
▼ + stars: | 2024-05-08 | by ( Callum Burroughs | Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

A UK-based AI startup, founded last month by former Cohere employees, is already in talks to raise a major pre-seed round amid venture capitalists' continued spending spree in the sector. Convergence AI, incorporated at the end of April, was founded by ex-Cohere employees Marvin Purtorab and Andy Toulis, who was also a machine learning engineer at Uber. Its primary aim, per leaked investor documents seen by BI, is to build out automated workforces using AI. The nascent business has been feted by several leading funds, with the company receiving at least six different term sheets for investment, two London-based sources said. The startup opted for a funding round led by London-based Balderton Capital, six sources familiar with the deal told Business Insider.

Persons: Marvin Purtorab, Andy Toulis, Slack Organizations: Uber, Business, Balderton, BI, Nvidia, Mistral Locations: London, Paris

☆ Definely, a London legal tech startup founded by a blind lawyer, just raised $7 million with this 10-slide pitch deck
▼ + stars: | 2024-05-08 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewDefinely, a London-based legal tech startup, has raised $7 million in Series A funding, the company said Wednesday. Founded in 2020 by former colleagues at a Magic Circle law firm, Definely is a subscription product that helps lawyers read, edit, and draft legal documents through a plug-in. Currently available through Microsoft Word, Definely uses artificial intelligence, including natural language processing, to make cross-referencing documents easier for legal professionals. Reading legal documents can be a lengthy and complex task with phrases and terminology often scattered between different sections of contracts.

Persons: —, Nnamdi Emelifeonwu, MacDaeid, Emelifeonwu, Definely Organizations: Service, Microsoft, Business, Octopus Ventures, Cornerstone VC, Zrosk Investment, Google, Atlantic Locations: London

☆ TikTok is taking the US government to court in a showdown of free speech vs. national security
▼ + stars: | 2024-05-08 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . And the knock-on effects extend beyond TikTok, impacting everything from President Joe Biden's reelection campaign to Apple and Tesla . AdvertisementTikTok, Tyler Le/BIThe TikTok-US government fight pits two pillars of American society against each other: free speech and national security. 3 things in businessDeliormanli/Getty, Olivier Verriest/Getty, Andrei Akushevich/Getty, Tyler Le/BIIn other newsAdvertisementWhat's happening todayToday's earnings: Airbnb, Uber, and other companies are reporting .

Persons: —, swiping, Tyler Le, ByteDance, Dan Whateley, Geoff Weiss, Joe Biden's, It'll, TikTok, hasn't, haven't, Fallon, Jane Fraser isn't, Fraser, Piper Sandler, Michael Kantrowitz, Josh Edelson, Isabel Fernandez, Mark Zuckerberg, Zuckerberg, Getty, Olivier Verriest, Andrei Akushevich, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Apple, Chinese Communist Party, Big Tech, Getty, Pujol, Associated Press, Facebook Locations: France, China, Beijing, Citadel, Millennium, AFP, New York, London

☆ I worked at SpaceX where Elon Musk was a cubicle away. At Elon's companies, it's add value or leave.
▼ + stars: | 2024-05-08 | by ( Jamie Killin | ) www.businessinsider.com time to read: +8 min

Vincent Peters worked in military compliance when he was poached to work at SpaceX. So I graduated on medical leave, couldn't be deployed, and continued on medical leave for another six months before being discharged. I was introduced to people on the SpaceX Mission team, and ultimately, they asked me to interview with them for a job at SpaceX. AdvertisementThat mentality is how I started working on Starlink. In 2020, I asked to help and was allowed to work on their projects in addition to my work at SpaceX.

Persons: Vincent Peters, —, couldn't, Freddie Mac, I'd, Gwynne Shotwell, I've, it's, It's, We're Organizations: SpaceX, Service, Federal Aviation Administration, US Government, SpaceX Mission, International, NASA, Department of Defense, SpaceX SpaceX, Elon Locations: West, cubicles, Elon

☆ I worked at SpaceX. It was the most ruthlessly efficient company I've ever worked for.
▼ + stars: | 2024-05-08 | by ( Jamie Killin | ) www.businessinsider.com time to read: +7 min

This is an as-told-to essay based on a transcribed conversation with Vincent Peters, founder of Inheritance AI and former SpaceX employee discussing his career path and experience at SpaceX. I was introduced to people on the SpaceX Mission team, and ultimately, they asked me to interview with them for a job at SpaceX. What it's like working at SpaceXSpaceX is the most efficient company I've ever worked for. AdvertisementThat mentality is how I started working on Starlink. In 2020, I asked to help and was allowed to work on their projects in addition to my work at SpaceX.

Persons: Vincent Peters, couldn't, Freddie Mac, I'd, Gwynne Shotwell, I've, it's, It's, We're Organizations: Service, SpaceX, Business, Federal Aviation Administration, US Government, SpaceX Mission, International, NASA, Department of Defense, SpaceX SpaceX, Elon Locations: West, cubicles, Elon

☆ 44-Foot Whale Found Dead on Bow of Cruise Ship Coming Into New York
▼ + stars: | 2024-05-08 | by ( Livia Albeck-Ripka | ) www.nytimes.com time to read: +1 min

As the cruise ship approached New York on Saturday, it was found to be carrying a grim, and unexpected, catch: The corpse of a 44-foot-long endangered whale, draped across its bow. The whale, which marine authorities described as a sei whale, is known for its rapid swimming and preference for deep waters, far from the coast. Its body was discovered as the ship neared the Brooklyn Cruise Terminal, and the authorities were “immediately notified,” said MSC Cruises, which owns the ship. “We will continue to evaluate and update our procedures with our partners and the authorities,” she said. Marine authorities said that they had towed the animal, estimated to weigh some 50,000 pounds, from the bow, and transferred it by boat to a beach in Sandy Hook, N.J., where they conducted a necropsy on Tuesday.

Persons: “, ”, Robert A Organizations: Brooklyn Cruise, MSC Cruises, Atlantic Marine Conservation Society Locations: New York, Sandy Hook, N.J

☆ Atlantis The Royal, Dubai: Inside the Middle East’s ‘best’ hotel
▼ + stars: | 2024-05-07 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +9 min

Atlantis, The Royal Atlantis, The Royal: The double-height bar is perfect for sunset cocktails — although you won't be making your own drinks, as there's a 24-hour bartender ready to make your favorites. Atlantis, The Royal Atlantis, The Royal: The triple-height library provides a secluded space to work, read or relax. Atlantis, The Royal Atlantis, The Royal: The entertainment room is kitted out with a 98-inch LED screen for a home cinema experience. Atlantis, The Royal Atlantis, The Royal: Every room has stunning views — including the marble-clad bathrooms. Atlantis, The Royal Atlantis, The Royal: Guests can enjoy designer amenities made by French fashion house Hermès, as well as bespoke gold toothbrushes, combs and brushes.

Persons: Swedish House Mafia —, there’s, ”, Tom Roelens, There’s, Cabana, Rebecca Cairns, Kendall Jenner, “ We’ve, we’ve, Graff, bathrobes, Jay Z, Louis, Valentino —, “, it’s, Estiatorio Milos, Costas Spiliadis, — Organizations: CNN, Swedish House Mafia, Royal, Atlantis Resorts, Dolce, Gabbana, cabanas, Atlantis, “ Royal, Nobu, —, Chefs, Sky Locations: Dubai, Beyoncé, isn’t, Arabian, Atlantis Royal Dubai

☆ Eric Schmidt was supposed to buy a yacht once owned by a Russian oligarch. Here's the one he bought instead.
▼ + stars: | 2024-05-07 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

Eric Schmidt backed out of buying the Alfa Nero megayacht last year. The ship — one of the biggest yachts owned by a tech billionaire —was listed for about $161 million. AdvertisementLast year, Eric Schmidt made waves in the yachting community when news came out that he was the soon-to-be owner of the Alfa Nero, an 81-meter megayacht that belonged to a sanctioned Russian oligarch. But as the sale proceedings went on, legal challenges piled up as people laid claim to Alfa Nero, and Schmidt backed out of the deal. In September 2023, just three months after he won the Alfa Nero auction, the billionaire purchased Kismet, renaming her Whisper, Business Insider has learned.

Persons: Eric Schmidt, Alfa Nero megayacht, Shahid Khan, —, Alfa Nero, Schmidt, Marcus Brandt, Shahid Khan — Organizations: Alfa, Service, Google, Bloomberg, Getty, Jacksonville Locations: Russian, Antigua, Barbuda, Russia, Ukraine, Caribbean

☆ Apple wants to give the iPad a boost
▼ + stars: | 2024-05-07 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

The tech giant's event will reportedly showcase a new family of… iPads and iPad accessories. But Apple's event , which kicks off at 10 a.m. EST, is looking to give the iPad a boost. iPhone sales have noticeably dipped, which is why you're hearing Apple tout its "services" business , writes BI's Peter Kafka. And the new product Apple wants you to be excited about — the Vision Pro — hasn't lived up to the hype. a16z joins the Big Tech "fake work" debate.

Persons: —, Tyler Le, they're, iPads, Antonio Villas, Boas, BI's Peter Kafka, Peter, hasn't, Katie Notopoulos, Wall, Lauren DeCicca, Tim Cook, Katie, aren't, I'd, we'll, I'm, Alyssa Powell, Danielle DiMartino Booth, James Devaney, Roger Kisby, Jack Dorsey's, Elon, Dorsey, Elon Musk, Satya Nadella, OpenAI, Jeff Bezos, Mark Zuckerberg, Warren Buffett, Berkshire Hathaway, a16z, Emily Sundberg, Andreessen Horowitz, David Ulevitch, Vladimir Putin, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Apple, Google, Getty, US Treasury, National Bureau of Economic Research, Images, Penske Media, Microsoft, Tech, Paramount, Berkshire, Big Tech, Walt Disney Company Locations: BREIT, New York, London

☆ This emerging Nike competitor is set to break out ahead of earnings, according to the charts
▼ + stars: | 2024-05-07 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

Has the time arrived for the stock to break free from a range heading into earnings next week? There has been much hype around this emerging Swiss company that grew revenues by 68% in 2022, 46% in 2023, and are expected to grow revenues by more than 25% in 2024 and 2025. Technically speaking ,that range of overhead resistance for On Holding (ONON) is easy to see on the weekly chart below. There was weekly downtrend line resistance originating from the 2022 high that was broken in Q1 '24. On earnings ahead Heading into earnings, I think it's wise to refer back to Q4 of 2023 earnings announced on March 12.

Persons: Shoemaker, I've, CROX, Todd Gordon, Gordon, ONON Organizations: Nike, Air, swiss, Inside Edge, Edge Capita Locations: Swiss, U.S, SKX

☆ Disney quarterly results are on deck. Here's what to expect
▼ + stars: | 2024-05-07 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

The "Partners" statue of Walt Disney and Mickey Mouse, at Cinderella Castle at the Magic Kingdom, at Walt Disney World, in Lake Buena Vista, Florida, photographed Saturday, June 3, 2023. This will also be Disney's first earnings call since it won a proxy fight against Nelson Peltz's Trian Partners. Here is what Wall Street expects Disney to report Tuesday morning, according to LSEG:Earnings per share: $1.10 expectedRevenue: $22.11 billion expectedThe subscriber growth at its flagship streaming service, Disney+, will once again be a top focus. Last quarter Disney's direct-to-consumer unit — which also includes Hulu and ESPN+ — saw its losses narrow to $216 million from $1.05 billion in the same period a year earlier. Visitor traffic to Disney's theme parks in the U.S. will also be in focus.

Persons: Walt Disney, Mickey Mouse, Bob Iger, Nelson Peltz's Trian, Jessica Reif Ehrlich, Reif Ehrlich Organizations: Magic, Walt Disney World, Disney, BofA Securities, Hulu, ESPN, Deutsche Bank, Comcast, Universal, CNBC Locations: Lake Buena Vista , Florida, Hulu, U.S, Orlando, Universal Orlando, NBCUniversal

☆ A Florida Gen Xer who earned over $300,000 secretly working multiple remote jobs shares why he's 'far from rich'
▼ + stars: | 2024-05-07 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

A Florida-based Gen Xer made over $300,000 in 2023 secretly working multiple remote tech jobs. AdvertisementIn 2021, Robert was making roughly $180,000 a year from his tech job, but when his workflow slowed, he feared a layoff may be coming soon. AdvertisementThe Gen Xer, a Florida resident, is among the "overemployed" Americans who are secretly working multiple remote jobs to boost their incomes. Aside from family and travel, Robert said he spends most of his money on food and his home. Are you working multiple remote jobs at the same time and willing to provide details about your pay and schedule?

Persons: Xer, —, Robert, who've, hasn't, it's, He's, he's Organizations: Service, BI, Business Locations: Florida, Yellowstone, Las Vegas

☆ A US Navy aircraft carrier is rearmed and back in the Red Sea amid a Houthi missile crisis with no end in sight
▼ + stars: | 2024-05-07 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Two US Navy warships on the front lines of the Houthi battle are back in the Red Sea. The USS Dwight D. Eisenhower and USS Gravely made a recent port visit in Greece. AdvertisementThe US Navy aircraft carrier that spent months battling the Houthis in the Red Sea is rearmed and back in the waterway after a short break. AdvertisementThe Nimitz-class aircraft carrier USS Dwight D. Eisenhower prepares to port in Souda Bay, Greece on April 28. While there may be no immediate end in sight to the Red Sea conflict, US officials have routinely stressed that American forces will continue to engage the Houthis.

Persons: Dwight D, Eisenhower, —, Arleigh Burke, Mercy Crowe, Ike, Marc Miguez, Miguez, Souda, Navy Carlos Del Toro, National Intelligence Avril Haines, Nicholas Rodriguez, Haines, Pat Ryder Organizations: US Navy, Navy, Service, Business, NATO, Nimitz, Mass Communication, Eisenhower Carrier Strike, Fighter Squadron, Eisenhower, US, National Intelligence, Armed Services, Department of Defense, Pentagon Press, Air Force Locations: Red, Greece, Souda Bay, Crete, Gulf, Aden, Yemen, Iran, Gaza, Israel

☆ World’s longest baguette: French bakers claim record
▼ + stars: | 2024-05-06 | by ( Amarachi Orie | Xiaofei Xu | ) edition.cnn.com time to read: +3 min

Now, French bakers have taken the record for the longest baguette ever made. The lengthy loaf was made in public on Sunday during the Suresnes Baguette Show at the Terrasse du Fécheray observation deck in France’s suburban western commune of Suresnes, near Paris. A Guinness World Records (GWR) judge was there to approve the record, according to Reuters. French bakers try not to crack the baguette when it comes out of a large rotating oven. The attempt to beat the record for the world’s longest baguette was to give homage to that recognized heritage and culture, according to the Suresnes release.

Persons: CNN —, Joanne Brent, Stephanie Lecocq, Nutella, ” Suresnes, Guillaume Boudy, “, ” Boudy, Dominique Anract, baguettes, ” Organizations: CNN, Guinness World Records, Records, Reuters, GWR, Guinness, French National Confederation, Olympic, bravo, Heritage Locations: Suresnes, Paris

☆ Disney Q2 results on deck: Here's what to expect
▼ + stars: | 2024-05-06 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisney Q2 results on deck: Here's what to expectJessica Reif Ehrlich, BofA Securities senior U.S. media and entertainment analyst, joins 'Squawk Box' to preview Disney's quarterly earnings results, the company's outlook, streaming landscape at large, Paramount's merger plans, and more.

Persons: Jessica Reif Ehrlich Organizations: BofA Securities

Search resuls for: "Deck"

25 mentions found