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A growing group of America's young people are not in school, not working, or not looking for work. They're called "disconnected youth" or "opportunity youth," and their ranks have been growing for nearly three decades. Experts say it's not just work and school; this group is often also disconnected from a sense of purpose. Palmer added that those with limited access to transportation, people with disabilities, and young parents were also more susceptible. Disconnected young people don't have that luxury."
Persons: , Destiny, She's, she's, They're, Kristen Lewis, Lewis, hadn't, there's, Sen, Tim Kaine, who's, Joseph, he's, hasn't, he'd, Ashley Palmer, Palmer, Sarah Nunley, Nunley, Veronica, There's, Lucchesi, they're Organizations: Service, Business, Federal Reserve Bank of Dallas, Social Science Research Council, Survey, University of Minnesota's, National Center for Education Statistics, Walmart, Texas Christian University, Ivy League Locations: Florida, Alabama, Indiana, Silicon Valley, YOLO, Texas
Attorneys specializing in state election law believe the statute has never been prosecuted. Jeenah Moon-Pool/Getty ImagesTwo highly respected law professors specializing in New York election law said the same. "I think it's very smart of prosecutors to use this state law, whether it's been used before or not," said Jeffrey M. Wice, who teaches state election law at New York Law School. Related storiesThese same three "underlying crimes" — using state election law, federal election law, and state tax law — were again given equal prominence here in a February 15 decision by Merchan. "You're having an underlying crime within an underlying crime to get to that felony," Connor told BI.
Persons: Alvin Bragg's, Trump, , Donald Trump's, Donald Trump, Law Trump, Stormy Daniels, Joshua Steinglass, Juan Merchan, Steinglass, I've, Sen, Martin Connor, Joseph T, Burns, that's, it's, Jeffrey M, Wice, — Merchan, Alvin K, Trump's, Attorney Alvin Bragg, Michael Cohen, Daniels, Cohen, Connor, Prosecutors, Jerry H, he's, Goldfeder, Cozen O'Connor Organizations: Service, Manhattan, New York, Court, New, Republican, Democratic NY, Erie, Erie County Republican, New York Law School, Attorney, National Enquirer, Trump, Fordham Law, Democracy Locations: Manhattan, New York, Brooklyn, Erie County, Buffalo , New York
It's a week jam-packed with notable events, including earnings from Apple , Amazon and Eli Lilly . He also said to pay attention to Wednesday's Federal Reserve meeting and Friday's employment figures from the Department of Labor. "We have to run such a ridiculous gauntlet next week that I have no idea how it'll play out," he said. Wednesday also brings reports from Wingstop , Carvana and Marriott . Apple will report on Thursday, and Cramer noted there's been a lot of negative sentiment from investors surrounding the company.
Persons: CNBC's Jim Cramer, Eli Lilly, Jensen Huang, Cramer, it's, he'll, Seagen, there's Organizations: Apple, Federal Reserve, Department of Labor, Nvidia, Food and Drug Administration, Starbucks, CVS, Pfizer, Amazon, Walgreens, Marriott, Vision Locations: It's, China, Wingstop, Carvana
Read previewA team inside X, Google's moonshot factory, was working on a revolutionary hearing device, Business Insider reported in 2021. A few months later, Wolverine's lead, Jason Rugolo, spun the project out of Alphabet and formed a startup named Iyo. Rugolo says the company plans to ship its first product by the end of this year. Rugolo told BI he hired Kraft for a stint at Google X to work on what would become Iyo. Iyo isn't the first X project to fly from Alphabet's nest, and it probably won't be the last.
Persons: , Google's, Jason Rugolo, Rugolo, Iyo, Lockheed Martin, Sergey Brin, Noah Kraft, Kraft, we're, X Organizations: Service, Business, Lockheed, Horizons Ventures, US, ARPA, Research Projects Agency, Energy, Google, Doppler Labs, Spotify, TED, Wolverine, BI
On top of that, she added that tech companies will give people in AI-related jobs bonuses for performance and plenty of equity compensation. About half of the people came from Big Tech companies. Gill said the new Kognitos hires who haven't come from Big Tech have jumped ship from other startups. Some AI talent are even striking it out on their own to start their own companies. He left his tech job to form an AI startup after seeing another large fundraise from another new AI company.
Persons: , Sam Altman, Altman, Mark Zuckerberg, Dan Portillo, Goldman Sachs, Jaclyn Rice Nelson, Nelson, that's, Claude chatbot that's, Binny Gill, Kognitos, Gill, he's, haven't, David Steinberg, Steinberg, AI's Nelson, There's, Greg Selker, Stanton Chase, Selker, hemming, hawing Organizations: Service, Business, Meta, Sweat Equity Ventures, OpenAI, Big Tech, Zeta Global Locations: Anthropic, ChatGPT
Read previewThere's an AI battle raging, and Sundar Pichai appears to be Google's wartime general. With Pichai at the helm, Alphabet just reported blockbuster first-quarter earnings that surpassed analysts' estimates and sent the stock soaring. The CEO told analysts that Google was well "positioned for the next wave of AI innovation and the opportunity ahead," reminding them the company had been "AI-first" since 2016. This story is available exclusively to Business Insider subscribers. Google did not immediately respond to a request for comment from Business Insider, made outside normal working hours.
Persons: , Sundar Pichai, Pichai, Googlers, He's Organizations: Service, Google, Business, Microsoft
The Argentine peso has jumped 25% in three months against the dollar in one key exchange market. AdvertisementArgentina's President Javier Milei still hasn't dollarized the economy as promised, but he has managed to do something that's possibly more shocking: strengthen the peso. This currency has been one of 2023's most devalued tenders, and yet it's now become the top currency against the dollar. In the past three months, the peso has surged 25% in the blue-chip swap market, one of Argentina's key foreign exchanges. It's also ironic that Milei has come to lead the peso out of tougher times, given his loud disdain for the currency last year.
Persons: Javier Milei's, , Javier Milei, he's, It's, Milei Organizations: Argentine, Service, Bloomberg, Financial Times Locations: It's, Argentine, greenbacks
Amazon founder Jeff Bezos thinks "work-life balance" is a "debilitating phrase." The billionaire and former Amazon CEO instead taught employees that work and life are a circle. AdvertisementJeff Bezos doesn't like the phrase "work-life balance," and has said in the past that he views work and life as actually a circle. "I get asked about work-life balance all the time," Bezos told Axel Springer CEO Mathias Döpfner. "If you can get your work life to where you enjoy half of it, that is amazing.
Persons: Jeff Bezos, Bezos, , Jeff Bezos doesn't, Axel Springer, Mathias Döpfner, MacKenzie Scott, Shah Rukh Khan, Zoya Akhtar, Andy Jassy, fiancée Lauren Sanchez, doesn't, Katie Canales, Zoë Bernard Organizations: Amazon, Service, Vox's, AWS, Origin Locations: Mumbai
In a Friday interview with CNBC's Jim Cramer, Fair Isaac CEO Will Lansing challenged the accusation that his company has a monopoly on the industry. Fair Isaac is an analytics software and services company known for developing the FICO score. "We don't have a monopoly, there are alternatives to FICO score. "There are alternatives, and we're there because we're good, not because we have some kind of special privileges." He also pointed out that Fair Isaac faced an antitrust investigation several years ago and "came out clean."
Persons: CNBC's Jim Cramer, Isaac, Will Lansing, Lansing, Missouri Sen, Josh Hawley, Hawley Organizations: of Justice Locations: Missouri
In front of television cameras and a gaggle of journalists, former President Donald Trump wished his wife, Melania Trump, a very happy birthday Friday morning, moments before he entered the courtroom for his criminal hush-money trial. "I want to start by wishing my wife Melania a very happy birthday," he told reporters in the downtown Manhattan courthouse hallway. Trump is spending the day in Manhattan's criminal court, where he's on trial for charges alleging that he falsified business documents to disguise payments to porn star Stormy Daniels. AdvertisementTrump did not address why Melania Trump, or any of his other family members, have not attended the trial to support him. Trump said he listened to the arguments Thursday night, after his court day in Manhattan, and "thought it was really great."
Persons: , Donald Trump, Melania Trump, Trump, Stormy Daniels, Jason Miller, Boris Epshteyn, Waltine Nauta, Epshteyn, David Pecker, Pecker, Daniels, Karen McDougal Organizations: Service, Hallmark, Business, National Enquirer Locations: Manhattan, Florida, Arizona, Trump's Florida
Some members of Trump's team want to restructure the Federal Reserve, the WSJ reported. That could include allowing the president to have a direct say on interest rate decisions. Trump has previously been critical of Powell's handling of interest rates during the pandemic. To help the Fed achieve its 2% inflation target, the Federal Open Market Committee has hiked interest rates 11 consecutive times since March 2022. Advertisement"I think he's going to do something to probably help the Democrats, I think, if he lowers interest rates," Trump said, adding that "it looks to me like he's trying to lower interest rates for the sake of maybe getting people elected."
Persons: Jerome Powell, , Donald Trump, Trump, President Trump, Susie Wiles, Chris LaCivita, Powell, Ron DeSantis, Nikki Haley, Vivek Ramaswamy, Joe Biden, Robert F, Kennedy Jr, Biden Organizations: Federal Reserve, Service, Street, Trump, Management, Federal, Fed, Fox News, Republican, Florida Gov, South Carolina Gov, Biden, GOP Locations: New York
Reid Hoffman sat down for an interview with a deepfake of himself. The bot discussed AI regulation and spoke in Klingon during the conversation. Reid AI and Hoffman asked each other questions throughout the interview posted Wednesday. AdvertisementIn their conversation, the two Reids discussed AI regulation, its capabilities, and ways Hoffman can improve his LinkedIn profile. Advertisement"There's a need for a framework that not only fuels innovation but also ensures AI benefits are fairly distributed, all while focusing on enhancing public good," Reid AI said.
Persons: Reid Hoffman, , Reid Hoffman's, Jerry Seinfeld, Reid, Hoffman, I've, deepfakes Organizations: Service
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. But Jim Cramer said Friday that he "asked for granularity and we got it." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Jim, Jim Cramer's Organizations: CNBC, Federal, Microsoft, Nvidia, Nasdaq
A Catholic advocacy group created an AI chatbot that claimed to be a priest and offered to take confession. "We won't say he's been laicized, because he never was a real priest!" Say, a chatbot that acts like a Catholic priest? Futurism reports that a group called Catholic Answers made an AI chatbot that people could interact with to help learn about Catholicism. This story is available exclusively to Business Insider subscribers.
Persons: Justin, Organizations: Service, Business
Biden says he would be 'happy to debate' Trump
  + stars: | 2024-04-26 | by ( Kyla Guilfoil | ) www.cnbc.com   time to read: +1 min
President Joe Biden said Friday during a one-on-one interview with radio host Howard Stern that he is willing to debate Donald Trump ahead of the 2024 presidential election. "I am, somewhere, I don't know when, but I am happy to debate him," Biden said in the interview. When asked in February about Trump's calls for debate, Biden merely said, "If I were him, I'd want him to debate me, too. In response to Biden's remark on Friday, a Trump campaign adviser, Chris LaCivita, said in a post to X, "Ok let's set it up!" The president's new openness for the debate comes after Trump has been advocating for a chance to go head-to-head with Biden on stage.
Persons: Joe Biden, Milton J, Howard Stern, Donald Trump, Biden, Trump's, I'd, He's, Trump, Chris LaCivita Organizations: Rubenstein Museum of Science, Technology Locations: America, Central New York, Syracuse , New York, U.S
Macro Risk's John Kolovos: S&P 500 undergoing a correction
  + stars: | 2024-04-26 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMacro Risk's John Kolovos: S&P 500 undergoing a correctionJohn Kolovos, Macro Risk Advisors chief technical market strategist, joins 'Closing Bell'to discuss his market outlook and what he's seeing in the technicals.
Persons: John Kolovos
Zendaya, Josh O'Connor, and Mike Faist star as tennis players in Luca Guadagnino's movie "Challengers." AdvertisementCompeting at such a high level doesn't happen overnight for professional tennis players, who spend years sharpening their skills with coaches, trainers, nutritionists, and sports psychologists. So to convincingly play elite players, Zendaya, O'Connor, and Faist turned to Gilbert, who has coached players like Andy Roddick and Coco Gauff to championship wins at the US Open. Zendaya, O'Connor, and Faist underwent physical transformations to look like tennis prosMike Faist as Art Donaldson in "Challengers." Zendaya and Faist had two months of preparation before traveling to Boston to start filming "Challengers."
Persons: Zendaya, Josh O'Connor, Mike Faist, Luca Guadagnino's, Brad Gilbert, , it's, Tashi Duncan, Art Donaldson, Patrick Zweig, Tashi, Patrick, Tashi's, O'Connor, Faist, Gilbert, Andy Roddick, Coco Gauff, Donaldson, MGM Gilbert, Bryan Doo, Riff, Steven Spielberg's, Kim Gilbert, Roger Federer, Pete Sampras, Patrick's, Jay Berger, Guadagnino, O'Connor wouldn't Organizations: Service, MGM, Business Locations: Arrakis, Boston, New Rochelle
Rob Walton, the eldest of Walmart founder Sam Walton's children, is retiring after more than 40 years on the company's board. With a net worth of $79.8 billion, he's among the 20 richest people in the world. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementWalmart billionaire Rob Walton is stepping down from the board of his family's company. Walmart announced on Thursday that Walton, the eldest son of founder Sam Walton, will retire after more than 40 years on the board as its longest-serving member.
Persons: Rob Walton, Sam Walton's, , Walton, Sam Walton Organizations: Walmart, Service, NFL, Denver Broncos
Advertisement"We have lawsuits in 81 states right now," Trump told Bolling. "Maybe there are 81 states in the future and she's a time traveler," an X user named Mike Freeman said in a post. AdvertisementLate-night host Jimmy Kimmel couldn't resist mocking Lara Trump either when he referenced the moment in his monologue on Wednesday night. "In 81 states! Last week, she fired back when a viewer questioned her intellect on her podcast, "The Right View with Lara Trump."
Persons: , Lara Trump, — who's, Donald Trump's, Eric —, we're, Eric Bolling, Jocelyn Benson, Trump, Bolling, 3vZ8mRYvgE —, Mike Freeman, Jimmy Kimmel, they're, Kimmel, Donald Trump, Michael Whatley, Lara, MAGA, hasn't, Lara Trump's Organizations: Service, Republican National, RNC, Business, South Virginia ., North, North Carolina GOP Locations: Tennessee, . West Dakota, South Virginia, South Virginia . Indiana, North Carolina
"The Ellen Degeneres Show" ended in May 2022, two years after toxic workplace allegations surfaced. AdvertisementShe was supposed to go out with a bang, but Ellen DeGeneres' much-loved talk show instead went out with a whimper. Even years after the 2020 controversy and ending of "The Ellen DeGeneres Show," celebrities like Emily Ratajkowski have continued to question some of her behavior. Garrett, who has appeared on "The Ellen DeGeneres Show" multiple times, reshared Variety's article about the comedian's letter apologizing to staffers who felt disrespected. AdvertisementOctavia Spencer said all her experiences on 'The Ellen DeGeneres Show' have been 'supportive and fun'The actress, who's appeared on "The Ellen DeGeneres Show" numerous times over the years, issued a statement supporting DeGeneres via Instagram on August 13.
Persons: Ellen Degeneres, DeGeneres, , Ellen DeGeneres, Brad Garrett, Lea Thompson, Scooter Braun, Katy Perry, Emily Ratajkowski, Raymond, Garrett, reshared, hadn't, Garrett's, Thompson, didn't, Braun, Justin Bieber, Ariana Grande, she'd, Ellen, Portia de Rossi, De Rossi, Kris Jenner, Nacho Figueras, Brandi Carlile, Figueras, he'd, Jennifer Aniston, Jennifer Lopez, Michelle Obama, Pink, Sean Hayes, Lady Gaga, Oprah, Justin Timberlake —, Perry, Samantha Ronson, I've, Ronson, Diane Keaton, SHOW, Kevin Hart, Hart —, Ashton Kutcher, Kutcher, he's, Jerry O'Connell, de Rossi, O'Connell, Portia, Portia … Instagrammed, Jay Leno, Andy Richter, Ashley Nicole Black, who's, Howard Stern, Howard, Beth, Phoebe Bridgers, ellen, Octavia Spencer, Spencer, ELLEN, Sofia, Mariah Carey, Carey, that's, Steve Harvey, Jonathan Leibson, Harvey, I'd, Alec Baldwin, Baldwin, Ryan Phillippe, Phillippe, hasn't, NikkieTutorials, Nikkie de Jager, Degeneres, Tony Okunbowa, Taylor Swift's, Taylor Swift, Swift, She's, Ratajkowski, Elle Organizations: Service, Twitter, Los Angeles Times, @TheEllenShow, DJ, SHOW, Entertainment, ppl, TBS, Colombian, Us Locations: Argentine, British, Instagram, American
Read previewWhen Taylor Swift uploaded a YouTube Shorts video to promote her new album on April 19, Blogilates founder Cassey Ho was getting her roots touched up at a hair salon. AdvertisementBut given their connected history, Ho thinks Swift may have seen one of her promotional videos for the skort. The bigger pictureWhile Ho is ecstatic about Swift wearing her skort design from the perspective of a business owner and Swiftie, she's also grateful for another reason. Ho also said she's seen new knockoffs popping up now that Swift has been seen wearing the original. But in the meantime, she said, Swift wearing the original feels like the "ultimate karma" against shops that have stolen her work — something Swift herself is deeply familiar with.
Persons: , Taylor Swift, Cassey Ho, Sam, pickleball, Ho, Swift, Taylor, It's, Popflex, i Organizations: Service, Business, Poets Department Locations: preorders
Americans say they don't have enough money for retirement, with a solid chunk having no savings at all. At the same time, the economy is about to see the "peak boomer" generation retire and deplete their savings. Tourangeau is part of a generation of older Americans who don't feel confident in their financial situation. Any of those who leave the workforce to retire may need to rely on any retirement savings they have built. AdvertisementAre you a peak boomer or older American worried you won't have enough money for retirement?
Persons: , Pam Tourangeau, let's, it's, Indira Venkateswaran, Venkateswaran, Nancy LeaMond, LeaMond Organizations: Service, Congressional Research Service, AARP, Research, Savings, Americans, Federal Reserve, University of Michigan Health, Alliance, Lifetime, Security, Social Security Locations: America
The reinvention of Mark Zuckerberg
  + stars: | 2024-04-26 | by ( Jasmine Wu | Laura Batchelor | Deirdre Bosa | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe reinvention of Mark ZuckerbergOver the past year, Mark Zuckerberg has transformed Meta - and himself. He has gone from a brash young CEO to trained MMA fighter, and a trendsetter with his fur jackets and chains. But Meta's latest earnings report has shown it's continuing to bleed cash, and Zuckerberg is now facing a moment of truth. Can he deliver on generative AI, the most important platform shift in decades? This week on TechCheck, the reinvention of Zuck and the arrival of his "show me" moment.
Persons: Mark Zuckerberg, he's, Meta outperforming, Zuckerberg Organizations: Meta, Nvidia
Whispering in the ears of the billionaires and celebrities doing the buying, however, are investment bankers. Like other sports bankers BI interviewed for our list of top sports bankers, he exemplified a good-humored, approachable attitude, including joking about his many sports allegiances. Related stories"Earlier in my career, I made the mistake of telling Bob Kraft that I was a New York Jets fan," Carey told BI recently. They're obsessive Jets fans, and they're just fans because I'm a Jets fan," Neville told BI. So that's why we'll be Jets fans forever."
Persons: it's, Goldman Sachs, Greg Carey, everyone's, Carey, Colin Neville's, he's, David Beckham, Steve Ballmer, Joe Tsai, Ballmer, Tsai, Neville, Andrew Kline, Kline, Bob Kraft, I'm, Robert Tilliss, There's, Abramovich, Vladimir Putin, Todd Boehly, Joe Lenehan, Michael Arougheti, David Rubenstein's, doesn't, there's Organizations: NBA, JPMorgan, Business, The, PJT Partners, Chelsea FC, Baltimore Orioles, Sports, Goldman, Endeavor, WWE, Microsoft, Beckham's, Los Angeles Clippers, Brooklyn Nets, Barclays Center, St, Louis Rams, Los Angeles Rams, Golden State Warriors, Miami Heat, Harvard, US Rugby National, Cal, New York Jets, BI, Patriots, Giants, Rays, Chelsea, Circle, Atlanta Hawks NBA, New York Mets, NFL, soccer's Premier League, Russian, Chelsea football, LA Dodgers, Yankees, Manchester United Games, Jets, we'll Locations: European, Los Angeles, Berkeley, Barcelona, Ukraine, New York
"Dead Boy Detectives" follows two deceased boys solving supernatural incidents in the mortal realm. Creator Neil Gaiman said he has no particular interest in creating a larger 'Sandman' universe. Kirby Howell-Baptiste as Death in "Dead Boy Detectives." NetflixNetflix did want it, on the condition that it would have to tie into the "Sandman" universe, Gaiman said. Advertisement"The Sandman" and "Dead Boy Detectives" technically aren't the only series that live under the "Sandman" umbrella.
Persons: HBO Max, Neil Gaiman, , Neil Gaiman's, Steve Yockey, George Rexstrew, Jayden Revri, Edwin Paine, Charles Rowland, Death, Max, Gaiman, I'm, Kirby Howell, Baptiste, Fox, he's Organizations: HBO, Netflix, Service, DC, Warner Bros, Hollywood, Netflix Netflix Locations: New York
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