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Dow crosses 40,000 for the first time
  + stars: | 2024-05-16 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +8 min
New York CNN —The Dow broke past the 40,000 threshold Thursday morning for the first time ever, fueled by an encouraging inflation report. It also highlights a notable contrast between sentiment on Wall Street and Main Street. Dow 100: The Dow first closed in triple digits in January 1906. The Dow nearly matched that in 2017, rising 25%. Dow 30,000: Nov. 24, 2020: Covid sent the stock market plunging in the spring of 2020.
Persons: Dow, stoking, , Gary Pzegeo, John Williams, Tom Barkin, ” Tyler Schipper, Thomas, Hogan, Teddy Roosevelt, Richard Nixon, Trump, Covid Organizations: New, New York CNN, Markets, Federal Reserve, Bureau of Labor Statistics, CIBC Private Wealth, , Walmart, Airlines, Big Tech, York Fed, Reuters, Richmond Fed, Dow, University of Michigan, CNN, CPI, University of St, Riley Financial, Wall, Microsoft, Chevron, Traders, New York Stock Exchange, Getty, Federal, Woolworth, Eastman Kodak Locations: New York, United States, Minnesota, Chevron —, AFP
In today's big story, we're looking at Google's big event that's pitching all the ways AI agents can make our lives easier . Google I/O, the tech giant's biggest developer conference, was heavy on the rise of so-called AI agents , writes Business Insider's Hugh Langley, who was there in person. AdvertisementGoogle's faithful, old search engine got a noticeable facelift with the help of AI , writes BI's Geoff Weiss. Steven Puetzer/Getty, Tyler Le/BIThe stakes for Google are high, as nailing AI agents opens up a massive business opportunity. For AI agents to be so intuitive, they'll need access to seemingly every aspect of our lives.
Persons: , Tyler Le, you've, OpenAI's ChatGPT, Hugh Langley, Sundar Pichai, Geoff Weiss, Hugh, Alistair Barr, Gregory Wayne, Steven Puetzer, hasn't, Alistair, Demis Hassabis, Minchillo, Keith Gill, Naz Vahid, Andy Sieg's, Noah Berger, Jia Feng, Tingting Ji, Jenny Chang, Rodriguez, BI's Peter Kafka, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Google, Astra, GameStop, AMC Entertainment, JPMorgan, Citi, Amazon Web Services, Walmart, UPS, Nielsen, Cisco Systems, Warner Bros, Discovery Locations: New York, Dublin, London
The Wednesday release of the April CPI report has the potential to shake up the stock market. A cool inflation report would bode well for interest rate cuts from the Fed and vice versa if it's hotter than expected. JPMorgan laid out six scenarios for April CPI and how the stock market could react to each. The coming inflation report is set to market-shaking because it will help investors determine when the Federal Reserve might move forward with interest rate cuts. At the start of the year, the market was pricing in as many as seven interest rate cuts, but that has dwindled to just two rate cuts before year-end.
Persons: bode, , Defensives outperforming, JPMorgan's Andrew Tyler, Tyler, Immaculate Disinflation Organizations: Fed, JPMorgan, Service, Federal Reserve, China PPI Locations: China
In today's big story, everyone's talking — literally — about the big update for OpenAI's ChatGPT that could make your job a lot easier . AdvertisementOpenAI may have finally cracked the code on voice interactions with AI, though. OpenAI says GPT-4o's average response to audio inputs is 320 milliseconds, which is on par with a typical human-to-human conversation. "They've essentially made text input almost be the barbaric form of communicating with ChatGPT (or any AI) now," the developer said. ChatGPT, Tyler Le/BIOpenAI's big reveal shows the shockwaves the startup keeps sending through the tech world.
Persons: , Here's, ChatGPT Holger Scheibe, Tyler Le, OpenAI, Alex Bitter, They've, ChatGPT, Katie Notopoulos, Siri, it's, Apple that's, Andrew Burton, Justin Sullivan, Rebecca Zisser, Tim Cook's, Tesla, Mark Zuckerberg, he's, Nathan Congleton, Melinda, Gates, French Gates, she'd, Melinda Gates, Bill Gates, Doug McMillon, It's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Teen, Business, HAL, Hollywood, Apple, Apple's Worldwide, Conference, GPT, Google, Microsoft, Washington, Getty, Tesla, Melinda Gates Foundation, University of Arkansas, Depot, Sony, Disney, Cannes Locations: NBCU, New York, London
Thunderous explosions shook the ground as the Ukrainian crew prepared to maneuver its American-made Bradley fighting vehicle out of camouflage and, once again, into the fire. The commander of the team, a sergeant with the call sign Lawyer, nervously scanned the sky. “If we are seen, the KABs will come,” he said, referring to the one-ton bombs Russia has been using to target Ukraine’s most valuable armor and defenses. The crew’s mission was to help contain the breach: protect outmanned and outgunned infantry soldiers, evacuate the wounded and use the Bradley’s powerful 25-millimeter cannon against as many Russians as possible. Mortars and rockets exploded all around, and the gunner was badly injured, said the commander, identified only by his call sign according to military protocol.
Persons: Bradley, Locations: Russia, Ocheretyne
In today's big story, we're looking at the people preparing for the collapse of the financial system . The big storyPreparing for the worstAdobe; Chelsea Jia Feng/BIOpinions fluctuate on the economy, but one group has a decidedly strong take. In the subreddit r/economiccollapse, users are preparing for a Soviet Union-type fall of the US economy , writes Business Insider's Jennifer Sor. Further down the economic totem pole, ALICEs (asset limited, income constrained, employed) are struggling to make ends meet . 3 things in techAlex Wong/Getty Images, STR / Contributor/Getty Images, Stephane De Sakutin/Contributor/Getty Images, Abanti Chowdhury/BIHow Mark Zuckerberg turned against the news.
Persons: , Chelsea Jia Feng, Jennifer Sor, Jennifer, aren't, Tyler, there's, Neil Dutta, Jim Simons, annualized, Alex Wong, Stephane De Sakutin, Abanti Chowdhury, Mark Zuckerberg, Zuckerberg, Rupert Murdoch, Sam Altman, Alyssa Powell, Rick Doblin, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Service, Business, Chelsea, Macro, Renaissance Technologies, Big Tech, Apple, FDA, FOX Locations: Soviet Union, China, Washington, Beijing, New York, London, Chicago
On the agenda today:This story is available exclusively to Business Insider subscribers. But first: Where did Mother's Day brunch come from? Austin Melonie Carroll / Getty ImagesThis week's dispatchMother's Day brunchAdvertisementIt's Mother's Day tomorrow — a holiday that can be joyful for many, but also difficult and emotional for others. For those celebrating the holiday, I have a feeling you might be doing something that just feels synonymous with Mother's Day: brunching. I asked Business Insider lifestyle correspondent Anneta Konstantinides for her thoughts — and whether she has any brunch tips.
Persons: , Austin Melonie Carroll, Anneta Konstantinides, Ina Garten's, Matteo Colombo, Dia Dipasupil, Abanti Chowdhury, Pine, That's, Chris Pine's, Charles Tyrwhitt, Chelsea Jia Feng, Reginald Ferguson, Tyler Le, Anne Rice's, Brooke Shields, Von Erich Organizations: Service, Business, Mother's, Taj, Lionsgate, Paramount, Warner Bros, Dia, Getty, Denzel, Casio, Chelsea, BI, AMC Locations: Town, South Africa, United States, Istanbul, Denzel Washington, Patagonia
“People are like ‘OK, Sweden is the spiritual home of Eurovision’ – I see Eurovision as this moving entity,” she tells CNN. “The whole product, ABBA, is a vibe, isn’t it?”ABBA sing "Waterloo" at Eurovision 50 years ago. But ABBA are the past; Baby Lasagne, Windows95Man and Nemo – a person, not a fish – are very much the present. This year’s slim favorite is Baby Lasagne, whose arena-pounding anthem “Rim Tim Tagi Dim” describes a brain drain affecting Croatian towns. He credits his fiancée with helping him launch his career – “She’s the lasagne, and I’m just the baby,” he tells CNN.
Persons: Paul Anka, Abba –, Loreen, , , Loreen –, they’ve, ” Loreen, Olle Lindeborg, Lasagne, Nemo, Sarah Bonnici, aga, you’d, Music ”, Dominic Lipinski, Marcus, Martinus, , – “, I’m, Switzerland’s Nemo, ” Nemo, ” Joost Klein's, Jens Büttner, Joost Klein, Teemu Keisteri, he’s, Windows95Man, it’s, Belgium’s Mustii, Bonnie Tyler’s, Sanjin, Marina Satti, Hera Bjork, ” Saba, Slimane, who’s, ” Poland’s Luna, Jeff Spicer, ” we’re, Luna “, doesn’t, we’re, ” Portugal’s, … “, Alyona Alyona, Jerry Heil, Jens Bittner, ” Joost Klein, bro, airdropped, Angelina, Greta Thunberg, Eden Golan, audibly, they’ll, oddballs gunning Organizations: CNN, Waterloo, Malmo, Eurovision, Getty, Pulitzer, aga … aaa, aaa, United, Music, MAG, San, ” “ Hurricanes, Israel, European Broadcasting Union Locations: Sweden, AFP, Malmo, Europe, Armenia, wail, Gaza, Israel
First-class travel has exhibited special strength, though management noted that can be tied in part to a resurgence of business trips. People taking these loans are more likely to be lower-income with no more than a high school diploma, Lanier said. Daniel Acker | Bloomberg | Getty ImagesFrozen food maker Tyson Foods has seen consumers shifting more to eating at home than the quick-service restaurants it supplies. It's also important to remember that lower-income Americans were feeling financial pressures before the pandemic, said Tyler Schipper, an associate professor of economics at the University of St. Thomas in Minnesota. Airbnb touted interest in travel to events like the Paris Olympics and the European Cup in Germany this summer.
Persons: there's, It's, Christophe Le Caillec, underscoring, Blair Lanier, Lanier, McDonald's, Tyson, Daniel Acker, Tyson Foods, Stanley Black, Decker, Jane Fraser, CNBC's Sara Eisen, Fraser, Nancy Lazar, Piper Sandler, Tyler Schipper, Thomas, Schipper, Eric Thayer, We've, Cliff Pemble Organizations: TSN, American Express, Federal Reserve, CNBC, People, University of Michigan, San Francisco Federal Reserve, U.S, PepsiCo, Bloomberg, Getty, Tyson, Management, Adobe Analytics, Furniture, Citigroup, University of St, Airlines, Delta Air Lines, JetBlue Airways, Caribbean . Booking Holdings, Paris Olympics, European, Ticketmaster, Cedar Fair, Flags, Wayfair, Garmin Locations: America, U.S, Minnesota, New York, Germany, Valencia , California
Tyler Boebert, son of GOP Rep. Lauren Boebert, says he still doesn't have a lawyer for his criminal case. AdvertisementGOP Rep. Lauren Boebert's teenage son, Tyler Boebert, appears to have dragged his feet in getting a lawyer to represent him in his criminal case. Police say Tyler Boebert was spotted in a Colorado store where a stolen credit card was used. I wish you'd turned in that application a little sooner," Neiley told Tyler Boebert. Rep. Lauren Boebert.
Persons: Tyler Boebert, Lauren Boebert, , Lauren Boebert's, I've, John Neiley, you'd, Neiley, Boebert, wouldn't, Elizabeth Frantz, Tyler Organizations: GOP, Service, Courthouse, Judicial, Police, Rifle Police Department, The Washington, Getty, Colorado congresswoman Locations: Colorado, Colorado's Garfield, Garfield, , Colorado, Rifle , Colorado
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
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
In today's big story, we're looking at people who feel like a middle-class salary doesn't equal a middle-class lifestyle . The big storyMiddle-class meltdownMichael Raines"Lately, I'm getting the feeling that I came in at the end. AdvertisementBusiness Insider's Jennifer Sor has a report on the people making over six figures who think the middle-class lifestyle they dreamed of isn't realistic for their salary . AdvertisementMarco Bottigelli/Getty, Yevgen Romanenko/Getty, Maskot/Getty, Tyler Le/BILet's address the elephant in the room: A six-figure salary is still a lot of money. Words like "AI Infrastructure" and "generative AI" point to more money heading to Nvidia for its popular H100 GPU chip.
Persons: , Michael Raines, I'm, It's, Tony Soprano bemoaned, Jennifer Sor, Vincent, it's, Marco Bottigelli, Yevgen Romanenko, Tyler Le, Jenny Chang, Rodriguez, Warren Buffett, Buffett, Shruti Gandhi, Dalton Caldwell, James Cham, Hemant Taneja, Jenny Lefcourt, Nick Little, Sam Altman, Alice Zhang, Serena Williams, Jack Dorsey, Dorsey, — Dorsey, Bluesky, Alyssa Powell, Katie Notopoulos, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Service, Business, Pew Research Center, nab, Adobe, Wall, Hamptons, Nvidia, Genomics, Serena Ventures, Fortune, Starbucks Locations: New York, Zillow, Santa Barbara , California, Berkshire, Bluesky, London, Chicago
How a Tiny Chicago News Organization Won 2 Pulitzers
  + stars: | 2024-05-06 | by ( Benjamin Mullin | ) www.nytimes.com   time to read: +1 min
When Jamie Kalven met Yohance Lacour in 2017, the two men quickly realized they had something important in common. Mr. Kalven, the founder of the Invisible Institute, a nonprofit Chicago newsroom, was working in Chicago’s Stateway Gardens housing development in 1997 when a vicious hate crime wounded the community there deeply. And Mr. Lacour helped a local newspaper cover that story at the time. Mr. Lacour’s podcast won one of two Pulitzers this year for the Invisible Institute, a small, crusading newsroom on Chicago’s South Side known for holding city authorities to account. The other prize, for local reporting, went to the organization’s data director, Trina Reynolds-Tyler, who reported an investigative series on missing Black girls and women in Chicago.
Persons: Jamie Kalven, Yohance Lacour, Kalven, Lacour, Kalven’s, , Trina Reynolds, Tyler Organizations: Invisible Institute, Monday Locations: Chicago
In February, OpenAI introduced a text-to-video model called Sora to "understand and simulate the physical world in motion." Sora was touted for generating videos up to a minute long from text, and its proof-of-concept videos stunned the internet with their image quality. AdvertisementThe tool hasn't officially been released to the public, but workers in creative fields have already begun experimenting with it. AdvertisementOthers say Sora isn't always consistent, which can bring about new creative opportunities. Indie artist Washed Out's new music video, "The Hardest Part," is the longest video made with Sora, according to the Los Angeles Times.
Persons: , OpenAI, Sora, Tyler Perry, Charlotte Bunyan, Bunyan, Sora isn't, Paul Trillo, AlhsVTO78B — Paul Trillo, Trillo Organizations: Service, Business, Hollywood, Brand, Financial Times, Financial, Los Angeles Times, Times Locations: Hollywood, Sora, Pika
"Back To Black," a new biopic about Amy Winehouse's life and career, is set to be released on May 17. One of the late singer's childhood friends said he found the film "hugely triggering." Tyler James, who met the singer when they were just 12, said she "wouldn't have liked the film." AdvertisementA childhood friend of the British singer Amy Winehouse has criticized a new biopic about the late star. But Tyler James, who met Winehouse when they were both just 12 years old and studying at theater school, said he found the film "hugely triggering."
Persons: Amy Winehouse's, Tyler James, wouldn't, , Amy Winehouse, Sam Taylor, Johnson, Marisa Abela, Winehouse, Valerie Organizations: Service, Business Locations: British
This post originally appeared in the Insider Today newsletter. NEW LOOK 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 . On the agenda:But first: Get in, we're going to the Met Gala. An aerial shot shows Jared Leto on the red carpet at the 2023 Met Gala.
Persons: , Jared Leto, Neilson Barnard, MG23, Anna Wintour, Bunny, Jennifer Lopez, Chris Hemsworth, Shou Zi Chew, I'm, Yulia Reznikov, everyone's, Morimoto, Chris Burnett, hasn't, they're, Tyler Le, Anne Hathaway's sizzling, Jerry Seinfeld Organizations: Business, Service, Disney, Victoria & Alberts, Metropolitan Museum, Art's Costume, Vogue, Costume Institute, Social, BI, HGTV, Netflix Locations: Epcot, Victoria, Scottsdale , Arizona, Scottsdale Scottsdale , Arizona, Scottsdale, Michigan
Both rappers released diss tracks that took blistering personal shots on Friday night. "He doesn't have the heart for the lying, disrespect, and animosity it requires to make an effective diss track," Pierre wrote. Later in the track, Drake references Cole's diss track and apology. At the end of the track, Lamar samples a 1994 Tupac interview to simulate a conversation between the two rappers. "6:16 in LA" also parodies Drake's song titles, which often feature location names and timestamps.
Persons: Kendrick Lamar, Drake's, Drake, , Lamar's fiancée Whitney Alford, Lamar, Aubrey Drake Graham —, Lamar dissed Drake, J, Cole, Rick Ross, Cole —, Taylor, Joseph Okpako, WireImage Lamar, Jermaine Cole, Big, Wale, Pusha, Meek Millz, Big Sean, Jay, Tyler, Mac Miller, Kunta, Lamar hasn't, Meek, Getty, Tim Mosenfelder, Aubrey, Muhammad Ali, Michael Jackson, Jackson, Prince, Mike Jack, Prince . Prince, , rics, Organizations: Metro Boomin, Service, Future, Metro, HBO, Drake, Wireless, Lamar, Big, Rocky, Rap Locations: Drake's, Lamar, LA, Florida
Hoka was founded a little over a decade ago and is already worth more than $1 billion. We explore the shoe's design and what makes the brand stand out from its competitors.
Persons: Hoka
Over the course of the season, Tyler and Hall have multiple discussions about their relationship and at least one steamy kiss. Here's everything we know about whether Tyler and Hall are dating after "Selling the OC" season three. AdvertisementTyler and Hall's sexual tension ramped up on 'Selling the OC' season 2Tyler Stanaland and Alex Hall on "Selling the OC." Season 3 is filled with more indecisionAlex Hall and Tyler Stanaland continue to test the waters of a relationship on "Selling the OC" season 3. Tyler Stanaland and Alex Hall on "Selling the OC."
Persons: , Tyler Stanaland, Alex Hall, Tyler's, Brittany Snow, Tyler, Terence Patrick, Gio Helou, Hall, Brandi Marshall, Polly Brindle, Polly, wouldn't, costars, Hall's, he's, flakiness, doesn't, it's, Tudum Organizations: Service, Group, Business, Hall, Netflix, Oppenheim Locations: Cabo, Fiji, Australia, San Diego, Nashville, Vegas, London, Italy
CNN —Beekeeper Matt Hilton said the last few days have been “crazy” after becoming the latest star of Major League Baseball. Hilton became the hero on Tuesday after he was called out to deal with a swarm of bees that was delaying the Arizona Diamondbacks vs. Los Angeles Dodgers game. I mean, I’m going to Chase Field and the Diamondbacks and Dodgers playing,” Hilton told CNN Sport’s Don Riddell. Beekeeper Hilton hypes up the crowd after removing the swarm of bees. Limited edition trading cardThe spotlight, though, still remains on Hilton after the beekeeper’s efforts were further rewarded with his very own Topps trading card.
Persons: Matt Hilton, Hilton, Arizona’s, ” Hilton, CNN Sport’s Don Riddell, , , Bonnie Tyler’s “, Beekeeper Hilton hypes, Christian Petersen, “ It’s, I’m, “ We’ve Organizations: CNN, Major League Baseball, Arizona Diamondbacks, Los Angeles Dodgers, Chase Field, Diamondbacks, Dodgers, Blue Sky Pest, Hilton, Topps, ” Topps, Twitter, The Arizona Diamondbacks, San Diego Padres
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Future of Small Business: Innovating for Tomorrow with Futurist Scott SteinbergSince the start of the pandemic, small businesses have played a pivotal role in keeping the economy afloat, but the landscape has changed in unexpected ways. Futurist Scott Steinberg shares insight into trends, predictions for the road ahead, and strategies on how to future-proof your business and adapt to disruption to create a competitive advantage.
Persons: Scott Steinberg Organizations: Small
We're entering advertising's new era
  + stars: | 2024-05-02 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +7 min
NEW LOOK 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 . In today's big story, we're looking at the biggest topic at this year's TV upfronts , and how it's a sign of advertising's new era. What's on deck:Markets: Morgan Stanley's new wealth boss outlines the bank's playbook for hitting $10 trillion in client assets. Andy Kiersz/Business InsiderYou might be wondering what retail data has to do with television advertising.
Persons: , Morgan, Don Draper's, Burton, Jenny Chang, Rodriguez, Business Insider's Lara O'Reilly, Lucia Moses, Andy Kiersz, Andy Jassy, hasn't, Finn, Morgan Stanley, Michael M, Tyler Le, Jed Finn, Andy Saperstein, there's, Joseph Stiglitz, Jerome Powell, Justin Sullivan, Wells Fargo, Kevin Scott, Satya Nadella, Bill Gates, Pablo Declan, Shari Redstone's, tanked, BI's Peter Kafka, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Tech, Wall, Getty, Google, Amazon, Disney, Kroger, Walmart, Big Tech, US Department of Labor, Apple, Department, Paramount, Trump Media Locations: China, OpenAI, New York, London
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The firm closed a $33 million round of Series B funding, with the bulk of the money going toward building out its advertising business, CEO Tyler Denk told Business Insider. With the new round of funding, Beehiiv hopes to make $5 million from ads in 2024, he said. AdvertisementBeehiiv acquired the email ad platform Swapstack and launched its ad network that places ads in newsletters during the third quarter of 2023. Beehiiv's Denk said that Beehiiv has a "difference in philosophy" on ads than Substack does.
Persons: , Tyler Denk, Beehiiv, Denk, Boston Globe Media's, Beehiiv's cofounders, Substack, Jesse Singal, Beehiiv's Denk Organizations: Service, Business, NEA, Sapphire, Lightspeed Venture Partners, Boston Globe, Morning, Netflix
CNN —Major League Baseball fans had an unexpected buzz on Tuesday after a swarm of bees delayed the Arizona Diamondbacks vs. Los Angeles Dodgers game for around two hours. With no end in sight to the snafu, the call went out to bee wrangler Matt Hilton, who was summoned from his son’s baseball game to the big leagues to tackle the problem. Beekeeper Matt Hilton reacts to fans before throwing out the ceremonial first pitch. This year’s Indian Wells tournament saw a lengthy delay to the quarterfinal between Carlos Alcaraz and Alexander Zverev after a swarm of bees descended on the court. Last year, some 20,000 bees took center stage at an Irish cricket match in Cork.
Persons: Matt Hilton, Hilton, , Bonnie Tyler’s “, Beekeeper Matt Hilton, Christian Petersen, ” Hilton, , Christian Walker, Carlos Alcaraz, Alexander Zverev Organizations: CNN — Major League Baseball, Arizona Diamondbacks, Los Angeles Dodgers, Chase, Beekeeper, Diamondbacks, Wells, Irish, Cork
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