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Chateau de Villette is more than a French manor house — it's a walk through history. The grounds are no less lavish, set atop 75 hectares of woods, with multiple lakes and ornately sculpted gardens. It is a 15-ton block of stone which descends to reveal the chateau's swimming pool," she told CNBC. Located some 40 minutes from Paris' city center, the chateau rents for nearly $270,000 a week. Watch the full video to see the exquisite interiors of Chateau de Villette.
Persons: Jules Hardouin, Mansart, Andre Le Notre, Louis XV, Thomas Jefferson, Thomas Paine, Tom Cruise, Dan Brown, Suzanne Isore Organizations: CNBC Locations: Villette, Versailles, Paris, Chateau de Villette
But after being a stay-at-home dad for over a decade, Dan and his wife got divorced a few years ago. AdvertisementSo after nearly 20 years out of the workforce, Dan has started to dip his toe into the job market. "When I review job sites, I'm underqualified for jobs that I used to do, and I most likely present as too old for entry-level positions," he said. "I'm resigned to ultimately taking an entry-level job if they'll have me." Dan said he'd been advised to pursue an entry-level job at Home Depot or Costco, in part so he could receive health benefits.
Persons: , Dan, He's, that's, I'm, it's, he's, he'd, they'll, Dan's, hasn't Organizations: Service, Yorker, Business, Bureau of Labor Statistics, Walmart, Depot Locations: Costco
In today's big story, we're looking at China's strict approach to overseeing its AI development and the threat it poses to the world. The country's history of censorship and surveillance is extending to its approach to AI , writes Business Insider's Linette Lopez. AdvertisementThe CCP's plan for AI is about shaping reality and enforcing its power, according to internal documents. What to do ahead of May's jobs report. Permabull Tom Lee said it's a great time to buy stocks — shocking — with a new jobs report set to drop on Friday.
Persons: , Kiran Ridley, Stringer, Getty, Tyler Le, Insider's Linette Lopez, Linette, chatbots, Jinping, Xie Huanchi, we've, Ken Griffin's, Permabull Tom Lee, it's, Stocks, Keith Gill, It's, Amazon's, Alyssa Powell, boomer, Gen, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett, Annie Smith Organizations: Service, Harvard, Business, Chinese Communist Party, of, People, Getty, Citadel Securities, BI, GameStop, Cloud, Prime, Apple, American Express, Research, Boomers Locations: China, Beijing, Xinhua, New York, London, Chicago
The recent Singapore Airlines turbulence incident and how the aftermath was handled offers a lesson to all in the industry, Emirates President Timothy Clark said. A Singapore Airlines flight encountered severe turbulence on its way from London to Singapore last month, leaving one person dead and several injured. The flight was forced to land in Thailand and preliminary investigation showed that the plane dropped 54 meters (178 feet) in less than five seconds. "No airline could have done more to try and - one, address the issue, and two, deal with the consequences than Singapore did," he said. Pilots engaged controls in an attempt to stabilize the aircraft while gravitational forces were fluctuating, according to the investigation report, which also noted that seat belt-fastening signals were switched on as the incident unfolded.
Persons: Timothy Clark, Clark, CNBC's Dan Murphy Organizations: Emirates, Singapore Airlines, International Air Transport, Pilots Locations: Singapore, London, Thailand, Dubai
How much do we pay for an enterprise software business that may have hit the wall, suddenly slowing down to sales growth in the high single digits from growth in the double digits? But Salesforce is the most glaring of the enterprise software behemoths, which include ServiceNow , Adobe , Workday , SAP , Intuit , and fallen star MongoDB . Or to put it another way, Salesforce needs its clients to hire more people to increase sales growth. SaaS is another form of enterprise software, is another form of applications software, is another form of kryptonite. Of course, there will be enterprise software companies that defy the slowdown.
Persons: Marc Benioff, Dow Jones, Salesforce, Ullal, Jensen Huang, that's, Thoma, , Elon Musk's, Wells, It's, Charlie Scharf, Goldman Sachs, Dan Schulman, Bill Ready, Stanley Black, Decker, Jim Cramer's, Jim Cramer, Jim, Marlena Sloss Organizations: Oracle, Dow, Adobe, SAP, Intuit, Mad, Arista Networks, Microsoft, Nvidia, Arm Holdings, Thoma Bravo, Taiwan Semiconductor, Indy, Federal, Paypal, Fed, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: Norfolk Southern, Wells Fargo, Wells, Dover, Informatica
The indictment alleged that Trump was a part of an illegal conspiracy to undermine the integrity of the 2016 election. While hush money payments are not illegal in themselves, each charge was tied to a specific allegedly false entry among the financial records of the Trump Organization. Trump has argued that the payments to Michael Cohen, his former fixer who paid Daniels, were correctly labeled as legal expenses. Trump railed against the gag order every day during the trial and again on May 31 when he spoke at Trump Tower the day after the verdict. And the Georgia election interference case is in legal limbo while Trump and several of his co-defendants try to disqualify the Atlanta-area prosecutor who brought the charges.
Persons: Donald Trump, Stormy Daniels, Trump, what’s, Attorney Alvin Bragg, Michael Cohen, Daniels, Cohen, David Pecker, Karen, Pecker, perjurer, Cohen couldn’t, Juan Merchan, Merchan, Trump’s, CNN’s Zachary B, Wolf, Devan Cole, CNN’s Kara Scannell, Lauren del Valle, Jeremy Herb, Zachary B Organizations: CNN, Trump, White, Manhattan, Attorney, Trump Organization, fixer, Prosecutors, National Enquirer, Trump Tower, Division, Department, New, US Locations: New York, Washington ,, Florida, Georgia, Atlanta
Apple | Spotify | Amazon | YouTube Listen to and follow ‘Hard Fork’This week, Google found itself in more turmoil, this time over its new AI Overviews feature and a trove of leaked internal documents. Then Josh Batson, a researcher at the A.I. And finally, we take a look at recent developments in A.I. safety, after Casey’s early access to OpenAI’s new souped-up voice assistant was taken away for safety reasons. Guests:Josh Batson, research scientist at AnthropicAdditional Reading:
Persons: Josh Batson, Claude Organizations: Apple, Spotify, Google
In today's big story, we're looking at the historic guilty verdict against former President Donald Trump . In a historic verdict, former President Donald Trump was convicted of all 34 criminal counts related to a hush-money payment made to a porn star , write Business Insider's Laura Italiano, Jacob Shamsian, and Natalie Musumeci. AdvertisementIt's the first time a US president has become a convicted felon. This was a rigged trial by a conflicted judge that was corrupt," Trump told reporters in the Manhattan courtroom hallway. Trump told reporters Thursday the "real verdict is going to be November 5 by the people."
Persons: , Donald Trump, Tyler Le, Laura Italiano, Jacob Shamsian, Natalie Musumeci, Trump, Stormy Daniels, BI's Lloyd Lee, There's, didn't, Chip Somodevilla, Scott Eisen, Joe Biden, Alyssa Powell, Rob Arnott, Bob Elliott, Paul Singer's, Jane Street, Jenny Chang, Rodriguez, Liz Reid, Satya Nadella, Sam Altman, Nadella, Kevin Dietsch, Charles Schwab, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Republican, Trump, NBC, Getty, Wall, Elliott Management, BI, Tech, Sigma, Google, Microsoft, Apple, Big Locations: Giza, Manhattan, Bridgewater, New York, London
[The stream is slated to start at 11 a.m ET. Please refresh the page if you do not see a player above at that time.] Former President Donald Trump is set to hold a press conference in New York on Friday, a day after a state court jury found him guilty of 34 felony counts related to a 2016 hush money payment to porn star Stormy Daniels by his ex-personal lawyer and fixer Michael Cohen. Trump, who will speak at Trump Tower, is due to be sentenced July 11 in Manhattan Supreme Court, days before the Republican National Convention will formally confirm him as the party's presidential nominee. Trump will face President Joe Biden in November in a rematch of their 2020 election contest.
Persons: Donald Trump, Daniels, Michael Cohen, Trump, Joe Biden Organizations: Trump, Republican National Convention Locations: New York, Manhattan
New Japanese 1000 Yen banknote on display inside the Currency Museum of the Bank of Japan's Institute for Monetary and Economic Studies. Data from Japan's Ministry of Finance on Friday confirmed the country's first currency intervention since 2022, after the yen plunged to a 34-year-low in April. The ministry on Friday stated Japan spent 9.7885 trillion yen ($62.25 billion) on currency intervention between April 26 and May 29, according to a Google-translated statement. Japan last intervened to stabilize the currency in October 2022, when the yen fell to lows of around 152 per dollar. Authorities intervened three times that year to stabilize the currency, reportedly spending as much as a combined 9.2 trillion yen over the period.
Persons: Shunichi Suzuki, Suzuki, CNBC's Dan Murphy Organizations: Currency Museum, Bank of Japan's Institute for Monetary, Economic Studies, Japan's Ministry of Finance, U.S, Bank of America Global Research, Bank of Japan, Japanese Finance, Authorities Locations: Japan, London
The Florida federal judge overseeing the criminal classified documents case against former President Donald Trump has been the target of more than 1,000 complaints in just one week this month raising allegations of her handling of the case, a top appeals court judge revealed in an order. And "many of the complaints against Judge Cannon also question the correctness of her rulings or her delays in issuing rulings in the case," Pryor wrote. "Although many of the complaints allege an improper motive in delaying the case, the allegations are speculative and unsupported by any evidence," Pryor wrote. "The Complaints also do not establish that Judge Cannon was required to recuse herself from the case because she was appointed by then-President Trump." "Some of those complaints have been acted upon, and others will be acted upon in due course," Pryor wrote, without revealing the nature of those actions.
Persons: Donald Trump, Aileen Cannon, Cannon, William Pryor, Judge Cannon, Pryor, Jack Smith's, Trump, Stormy Daniels Organizations: Trump, 11th Circuit U.S, Public, White Locations: Florida, Florida , Georgia, Alabama, Lago, Palm Beach , Florida, New York, Fort Pierce , Florida
Inflation rose about as expected in April, with markets on edge over when interest rates might start coming down, according to a measure released Friday that is followed closely by the Federal Reserve. Including the volatile food and energy category, PCE inflation was at 2.7% on an annual basis and 0.3% from a month ago. Goods prices rose 0.2% while services saw a 0.3% increase, continuing a normalization trend for an economy in which services and consumption provide much of the fuel. Personal income increased 0.3% on the month, matching the estimate, while spending rose just 0.2%, below the 0.4% estimate and off March's downwardly revised 0.7%. "The PCE Price Index didn't show much progress on inflation, but it didn't show any backsliding, either.
Persons: Dow Jones, Dan North, Jerome, Powell, I'm, Chris Larkin, Morgan Stanley, John Williams Organizations: Federal Reserve, Commerce Department, Labor Department, The Commerce Department, North America, Allianz Trade, Treasury, New York Fed
President Joe Biden on Friday called former President Donald Trump's reaction to his conviction in New York on criminal hush money charges "reckless" and "dangerous." "It's irresponsible for anyone to say this was rigged, just because they don't like the verdict," Biden said at the White House, hours after Trump held a press conference at Trump Tower in Manhattan condemning the criminal case. Trump, 77, was convicted Thursday in Manhattan Supreme Court of 34 felony counts related to a scheme to conceal hush money paid to porn star Stormy Daniels before the 2016 presidential election. Biden, who is set to face Trump in the November election, said his Republican opponent's conviction reaffirmed "the American principle that no one is above the law."
Persons: Joe Biden, Donald Trump's, Biden, Trump, Stormy Daniels Organizations: White, Trump, Republican Locations: New York, Manhattan
Trump guilty in hush money trial of all 34 felony counts
  + stars: | 2024-05-30 | by ( Dan Mangan | ) www.cnbc.com   time to read: +2 min
Former President Donald Trump appears in Manhattan Criminal Court, Thursday, May 30, 2024, in New York. A New York jury on Thursday found former President Donald Trump guilty of all 34 felony charges of falsifying business records related to a hush money payment to porn star Stormy Daniels by his then-personal lawyer before the 2016 election. Trump is the first former U.S. president to be found guilty of any crime. Manhattan District Attorney Alvin Bragg Jr., whose office is prosecuting Trump, entered the courtroom after the note was sent out. Cohen testified during the trial that Trump directed him to pay off Daniels before the 2016 election to prevent her story from damaging his presidential campaign.
Persons: Donald Trump, Daniels, Trump, Juan Merchan, Attorney Alvin Bragg Jr, Michael Cohen, Cohen, David Pecker Organizations: Manhattan Criminal, New, Manhattan, Attorney, National Enquirer, Trump, Trump Organization, fixer Locations: Manhattan, New York, U.S, Merchan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy Wedbush's Dan Ives is staying bullish on Salesforce despite first revenue miss since 2006Dan Ives, Managing Director of Equity Research at Wedbush, discusses Salesforce's stock plunge following its first revenue miss since 2006.
Persons: Dan Ives Organizations: Equity Research, Wedbush
Daiwa raised its price target to $1,325 on Nvidia, calling for more than 15% upside. Mizuho, meanwhile, upgraded PayPal to buy from neutral with a price target that implies more than 45% upside. — Brian Evans 5:46 a.m.: Daiwa increases Nvidia price target, says company is AI's 'big winner' Shares of soaring chipmaker Nvidia have more room to run, according to Daiwa Capital Markets. Analyst Louis Miscioscia raised his price target on the chipmaker to $1,325 from $900, which implies more than 15% upside from Wednesday's close. Nvidia stock has gained roughly 132% in 2024, adding to last year's 238% surge, as investors cheer the company's AI prospects.
Persons: Daiwa, Mizuho, Okta's, OKTA, Peter Levine, Brian Evans, Maheep Mandloi, — Brian Evans, Baird, Michael Ha, Ha, Louis Miscioscia, Miscioscia, Dan Dolev, Dolev, Fred Imbert Organizations: CNBC, Nvidia, PayPal, Mizuho Securities, Solar Mizuho Securities, UnitedHealth, Daiwa, Markets, Mizuho, comm Locations: Wednesday's, OptumCare
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Solus' Dan Greenhaus, Virtus’ Joe Terranova and Requisite’s Bryn TalkingtonSolus' Dan Greenhaus, Virtus’ Joe Terranova and Requisite’s Bryn Talkington, join 'Closing Bell' to discuss the narrowing breadth in the markets, tracking the trends and the AI halo effect.
Persons: Solus, Dan Greenhaus, Virtus ’ Joe Terranova, Requisite’s Bryn, Requisite’s Bryn Talkington Organizations: Virtus ’
The Government Takes On Ticketmaster
  + stars: | 2024-05-30 | by ( Sabrina Tavernise | David Mccabe | Will Reid | ) www.nytimes.com   time to read: 1 min
Over recent years, few companies have provoked more anger among music fans than Ticketmaster. Last week, the Department of Justice announced it was taking the business to court. David McCabe, who covers technology policy for The Times, explains how the case could reshape America’s multibillion-dollar live music industry.
Persons: David McCabe Organizations: Ticketmaster, Department of Justice, The Times
Foot Locker — Shares rallied more than 12% in the premarket after the apparel and sneaker retailer reported first-quarter earnings that beat expectations . The company posted an adjusted profit of 22 cents per share, while analysts polled by LSEG expected earnings of 12 cents per share. The company's $3.18 billion revenue also came below the expected $3.34 billion. American Eagle Outfitters — Shares slipped 7% after the company posted weaker-than-expected sales in its fiscal first-quarter, despite beating on earnings. Analysts surveyed by StreetAccount were expecting a loss of 30 cents per share on $84.4 million of revenue.
Persons: Salesforce, Dan Dolev, Birkenstock, LSEG, Mary Dillon, Mike Mathias, StreetAccount, UiPath, Rob Enslin, — CNBC's Michelle Fox, Fred Imbert, Yun Li, Sarah Min, Jesse Pound, Pia Singh Organizations: PayPal, Mizuho, ISI, CNBC, LSEG, Revenue, American Eagle Outfitters, Finance, HP Locations:
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia and Microsoft has overshadowed weakness in tech stocks, says Solus' Dan GreenhausDan Greenhaus, Solus Alternative, joins 'Closing Bell' to discuss the narrowing breadth in the markets, tracking the trends and the AI halo effect.
Persons: Solus, Dan Greenhaus Dan Greenhaus Organizations: Nvidia, Microsoft
Salesforce stock plunged 21% after the company reported its first revenue miss since 2006. AdvertisementSalesforce stock plunged as much as 21% on Thursday after the company reported its first revenue miss since 2006. Here are the key numbers:AdvertisementQ1 Revenue: $9.13 billion, versus analyst estimates of $9.17 billion$9.13 billion, versus analyst estimates of $9.17 billion Q1 Adjusted earnings per share: $2.44, versus analyst estimates of $2.38$2.44, versus analyst estimates of $2.38 Q2 Revenue guidance: $9.2 billion to $9.25 billion, versus analyst estimates of $9.37 billion"Macro headwinds returned with a vengeance," analysts at Citi said in a note on Thursday. AdvertisementGoldman Sachs reiterated its "Buy" rating on Salesforce and categorized the weakness in the company's results as "cyclical headwinds" that should ultimately dissipate. AdvertisementCiti reiterated its "Neutral" rating and took a more cautious view on Salesforce following their results.
Persons: , Goldman Sachs, Dan Ives, Ives Organizations: Service, Citi, Bank of America, Sales
Editor's note: This is developing news and will be updated throughout the day. The 12-member jury also has asked to re-hear the instructions on the law it received Wednesday from Manhattan Supreme Court Judge Juan Merchan before they began their first day of deliberations. The judge sent them home for the day after saying they would hear those requests on Thursday. Prosecutors, and Cohen, say that hid the fact that it was actually to prevent Daniels from harming Trump's then-wobbling campaign. "Mother Teresa could not beat these charges," Trump told reporters after jurors began deliberating Tuesday.
Persons: David Pecker, Emil Bove, Donald Trump's, Stormy Daniels, Donald Trump, Trump's, Michael Cohen, Juan Merchan, Trump, reimbursements, Cohen, Daniels, Teresa, Joe Biden Organizations: Republican, Manhattan, Prosecutors Locations: Manhattan, New York City, U.S, New York, Pecker's
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. "I'm just really disappointed," one laid-off TikTok employee told Business Insider. This story is available exclusively to Business Insider subscribers. AdvertisementA second let-go employee who had worked at the company amid political attacks and business-strategy shifts described the layoffs as "an abrupt end to a very chaotic ride." AdvertisementLet-go TikTok staffers wondered, why now?
Persons: , I'm, Adam Presser, Zenia Mucha, Pappas, Presser, Mucha, ByteDance, TikTok Organizations: Service, Business, Big Tech, Google Locations: Brazil, France
Former US President Donald Trump attends his trial for allegedly covering up hush money payments linked to extramarital affairs, at Manhattan Criminal Court in New York City, on May 16, 2024. Jurors in the criminal hush money trial of former President Donald Trump are set to begin deliberating a potential verdict Wednesday, after they receive instructions from a judge in a New York courtroom. Trump's lawyer and a prosecutor gave closing arguments all day Tuesday and into the early evening. The case marks the first time a former U.S. president has faced criminal charges. Cohen testified at trial in Manhattan Supreme Court that he paid Daniels at Trump's direction to buy her silence about an alleged one-time sexual tryst with Trump in 2006.
Persons: Donald Trump, Trump, Joe Biden, Michael Cohen, Daniels, Cohen, Hillary Clinton, Trump's, Juan Merchan Organizations: Manhattan Criminal, Republican, Trump Organization, Prosecutors, Democratic Locations: New York City, New York, U.S, Manhattan
Scottie Scheffler hits from the 6th tee during the Charles Schwab Challenge at Colonial Country Club in Fort Worth, Texas, on May 23, 2024. Kentucky prosecutors on Wednesday dropped all criminal charges against golf champ Scottie Scheffler related to his controversial arrest May 17 as he tried to drive into the club hosting the PGA Championship in Louisville. "Based on the totality of the evidence, my office cannot move forward in the prosecution of the charges filed against Mr. Scheffler," Jefferson County Attorney Mike O'Connell told a judge. O'Connell also said, "Mr. Scheffler's characterization that this was, quote, 'a big misunderstanding,' unquote, is corroborated by the evidence." Scheffler, 27, who is the world's top-ranked golfer, had faced charges of felony assault on a police officer and reckless driving in the case.
Persons: Scottie Scheffler, Charles Schwab, Scheffler, Mike O'Connell, O'Connell, Bryan Gillis, Gillis, Steve Romines Organizations: Colonial Country Club, Mr, Louisville, Valhalla Golf, ESPN Locations: Fort Worth , Texas, Kentucky, Louisville, Jefferson
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