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☆ Biden’s searing character attacks on Trump may tell a story about his own campaign’s struggles
▼ + stars: | 2024-06-21 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

With his two impeachments, a criminal conviction and an attempt to overturn the last election, Trump gave Biden plenty to work with. Biden has been road testing his character attacks on Trump for weeks in fundraising events and they’re now increasingly being parroted by campaign officials. Biden seeks to move the goalposts with ads during soccer tournamentThe Biden campaign is now making daily pitches to a significant corner of his coalition showing signs of stress. On Thursday, the Biden campaign turned to Hispanic voters — another key voting bloc where polls suggest he is underperforming. Biden’s character attacks on Trump represent his best attempt to remind Americans of the fateful nature of the choice they will face in November.

Persons: CNN — Joe Biden, Donald Trump, he’s, ”, Trump, Biden, Trump’s, it’s, Biden –, Biden’s, he’d, they’re, Bill Clinton, Hillary Clinton, He’s, Jean Carroll, Mitch Landrieu, “ Joe Biden, ” Landrieu, Manu Raju, ” Jasmine Harris, “, Barack Obama, Lionel Messi Organizations: CNN, Trump, Biden, Black, Copa América, Argentina, NBC Locations: New York, Virginia, America, Black, Central Park , New York, Pennsylvania, Michigan, Wisconsin, Philadelphia, Detroit, Milwaukee, Atlanta, West, Arizona, Nevada, Georgia

☆ CVS may soon show whether AI can start to replace call centers
▼ + stars: | 2024-06-21 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +1 min

Companies are increasingly turning to AI to see if it can improve the customer service experience. CVS plans to use AI so that pharmacy customers don't have to go through a menu option, per The Wall Street Journal. They'll be able to talk to the AI before being directed to a live agent, CVS Health CTO told The Journal. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementCVS plans to use artificial intelligence in an effort to improve the customer-service experience, CVS Health Chief Technology Officer Tilak Mandadi told The Wall Street Journal.

Persons: They'll, —, Tilak Mandadi, Mandadi, Gen Z Organizations: Street, CVS, Service, CVS Health, Wall Street, Business

☆ Darden beats on earnings, even as Olive Garden, fine-dining sales drag
▼ + stars: | 2024-06-20 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

Darden Restaurants on Thursday reported mixed quarterly results as Olive Garden's same-store sales fell for the second consecutive quarter. For fiscal 2025, Darden is forecasting that its same-store sales will grow just 1% to 2%. Darden's overall same-store sales were flat for the quarter, dragged down by weaker-than-expected sales at Olive Garden and its fine-dining restaurants. Last quarter, Olive Garden's same-store sales fell 1.8%, driven by a pullback from low-income consumers. LongHorn Steakhouse, which is overtaking Olive Garden as the gem of Darden's portfolio, was the only segment to report same-store sales growth.

Persons: Olive Garden's, Darden, Chris Steak, Eddie V's, Chris, Ruth's Chris Organizations: Darden, LSEG, Olive, LongHorn Locations: Olive

☆ Biden to ban U.S. sales of Kaspersky software over ties to Russia, source says
▼ + stars: | 2024-06-20 | by ( ) www.cnbc.com time to read: +4 min

Kaspersky Internet Security software is seen at the store in Krakow, Poland on December 30, 2021. A spokesperson for the Commerce Department declined to comment, while Kaspersky Lab and the Russian Embassy did not respond to requests for comment. Previously, Kaspersky has said that it is a privately managed company with no ties to the Russian government. The new restrictions on inbound sales of Kaspersky software, which will also bar downloads of software updates, resales and licensing of the product, kick in on Sept. 29, 100 days after publication, to give businesses time to find alternatives. If it only adds the Russian entity, the impact will be largely reputational.

Persons: Biden, Trump, Kaspersky, Donald Trump Organizations: Commerce Department, Russian Embassy, Biden, Department of Homeland Security, Kyiv, U.S, Reuters, Piaggio, Qatar Olympic Committee Locations: Krakow, Poland, United States, U.S, Russian, Moscow, Ukraine, Russia, China, New U.S, Massachusetts, Spain

☆ Goldman Sachs refreshed its conviction lists of global stocks — giving one 63% upside
▼ + stars: | 2024-06-20 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Goldman Sachs refreshed its lists of top global stock picks for June by adding some and removing others. The stocks are captured in the investment bank's "Conviction List - Directors' Cut" and seeks to offer investors a "curated and active" list of 15 to 25 buy-rated stocks. The stocks are selected by a group designated by the bank's Investment Review Committee for each region. Here are three of the latest additions to Goldman's directors' cut lists — for Asia-Pacific and Europe — that were given more than 40% upside potential in the next 12 months. Goldman has a target price of 685 New Taiwan dollars ($21.16) on the stock, implying 54.1% potential upside.

Persons: Goldman Sachs, Goldman, Chao Wang, Oil Goldman, Nikhil Bhandari, Phillips, Daniela Costa, CNBC's Michael Bloom Organizations: bank's Investment, EMC, Taiwan Stock Exchange, SmartETFs Asia, New, Oil, Project, bbl, PTT Public Company, Stock Exchange of, Nasdaq, Philips, Euronext Locations: Asia, Pacific, Europe, New Taiwan, Thailand's, Stock Exchange of Thailand, Dutch, Euronext Amsterdam

☆ Calls for accountability grow over October 7 failures, but Israel’s leadership is unlikely to act
▼ + stars: | 2024-06-20 | by ( Oren Liebermann | ) edition.cnn.com time to read: +9 min

On Monday, Israel’s public broadcaster, Kan 11, added to the growing mountain of evidence that the country’s leadership could have – or, at the very least, should have – known an attack was possible. In December, State Comptroller Matanyahu Englman announced he would open an investigation into intelligence failures before the October 7 Hamas attack. Historically, Israel has had a public inquiry roughly every two years, he says, but not under its present and longest-serving leader. The most likely means of understanding the failures of October 7 was by dissecting it into smaller and more manageable issues, he said, like separating intelligence failures from those of operational doctrine. Major General Aharon Haliva, who was the commander of the IDF’s military intelligence, quietly announced in April that he would be stepping down.

Persons: Benjamin Netanyahu, “, it’s, Netanyahu, Israel, Kan, Eyad Baba, ’, Matanyahu Englman, Englman, Raanan Sulitzeanu, Kenan, ” Sulitzeanu, ”, Sulitzeanu, Stringer, Yossi Fuchs, Yohanan Plesner, ” Plesner, I’m, Plesner, CNN’s Dana Bash, Aharon Haliva, Haliva, Avi Rosenfeld, Staff Gadi Eisenkot, Shin, ” Eisenkot Organizations: CNN, “, Israel Defense Forces, Israeli Special Forces, Getty, New York Times, Office, IDF, Israel’s, Hebrew University, International Court of Justice, Israel Democracy Institute, Brig, Staff, Southern Command, Military Intelligence Directorate, Defense, Israel’s Channel Locations: Israel, foreseeing, Gaza, AFP, Jerusalem, Lebanese, Jebbain, Gali Baharav, Gaza ., “

☆ First tropical storm of the season heads for Texas as extreme heat wave hits the Northeast
▼ + stars: | 2024-06-19 | by ( Patrick Smith | ) www.cnbc.com time to read: +3 min

The United States was buffeted by extreme weather Wednesday, with Texas bracing for the first tropical storm of the hurricane season while the Northeast still faced a major heat wave. Southern Texas braced for a major storm to hit late Wednesday into Thursday, with considerable flash flooding likely, according to forecasters. The weather system, currently named Potential Tropical Cyclone One, is expected to be upgraded and renamed Tropical Storm Alberto by the time it makes landfall on the Gulf Coast of Mexico early Thursday. The National Weather Center office in Houston said at 4:30 a.m. CT (5.:30 a.m. Greg Abbott ordered the state Division of Emergency Management to put the Texas State Emergency Operations Center to a readiness of level 2, meaning it began 24-hour operations.

Persons: Alberto, Greg Abbott, Michelle Grossman, Grossman, Michael Monds Organizations: Tropical, National Weather Center, National Hurricane Center, Ciudad Victoria, Texas Gov, Emergency Management, Emergency, Center, Texans, Texas, M, Service, Texas National Guard, Chinook, NBC Locations: States, Texas, Northeast, Southern Texas, Gulf Coast, Mexico, Luis, Rio, Corpus Christi, Houston, Monterrey, New England, Bangor , Maine, Syracuse , New York

☆ These employees moved across the country for work, then Disney canceled the project. Now they’re suing.
▼ + stars: | 2024-06-19 | by ( Natasha Chen | ) edition.cnn.com time to read: +3 min

CNN —Two employees are suing the Walt Disney Company, saying the company moved their jobs from California to Florida, only for Disney to cancel the project and move them back, hurting them financially and emotionally. But in May 2023, after CEO Bob Iger returned, the company canceled the $1 billion Lake Nona office complex amid a legal and political battle with Republican Gov. The plaintiffs, Maria De La Cruz and George Fong, both work for Disney’s product design division. The complaint alleges that Disney misrepresented and concealed its true plans for the Lake Nona project, hurting – financially and otherwise – at least 250 employees who had made the move from California to Florida. De La Cruz, Mr. Fong and many others dutifully moved to Florida because they love their jobs, they love the people they work with, and they love Disney,” Attorney Jason Lohr said.

Persons: They’re, Bob Chapek, Bob Iger, Ron DeSantis, Maria De La Cruz, George Fong, De La Cruz, Fong, Lohr Ripamonti, Disney, –, Disney “, De, Ms, Jason Lohr Organizations: CNN, Walt Disney Company, Disney, Republican Gov, Lohr, Superior Court of, Lake, Florida Locations: California, Florida, Nona, Superior Court of Los Angeles, De La, Southern California, Central Florida

☆ Opinion: If Dolly Parton can be canceled, we’re in serious trouble
▼ + stars: | 2024-06-19 | by ( Opinion Allison Hope | ) edition.cnn.com time to read: +6 min

CNN —The most uncancellable person in US History — iconic American singer, songwriter and actress, Dolly Parton — has been caught in the crosshairs of cancel culture. Have the haters run afoul and gone and ruined Dolly Parton as the magical unifier that she has long been known for? But Dolly Parton slid through over the past years, decades even, largely unscathed by the polarization and division. Indeed, the pitchforks coming for Dolly Parton serve as an apt reminder of America’s decline and sheer terror of the evitability of civil war. That is, if we can heal from this episode and uncancel Dolly Parton.

Persons: Allison Hope’s, Dolly Parton —, Barbie, Parton, Allison Hope, Allison Hope Parton, Ericka Andersen, ” Andersen, ”, Dolly, “, Dolly Parton, “ Jolene, Taylor Swift, Kanye West, —, Dolly Patron, “ Jolene ” Organizations: CNN, Yorker, The New York Times, Washington, Federalist, Democratic, Twitter, Alabama hillbillies Locations: Slate, Switzerland, Conservative, Covid, California, Forge , Tennessee, America

☆ Boeing Starliner: Two astronauts wait to come home amid spacecraft issues
▼ + stars: | 2024-06-19 | by ( Jackie Wattles | ) edition.cnn.com time to read: +9 min

Spaceflight veterans Suni Williams and Butch Wilmore arrived at the space station aboard the Starliner on June 6. It’s not uncommon for astronauts to unexpectedly extend their stay aboard the space station — for days, weeks or even months. But the situation makes for a moment of uncertainty and embarrassment that joins a long list of similar blunders by the Boeing Starliner program, which is already years behind schedule. The Starliner spacecraft on NASA's Boeing Crew Flight Test is pictured docked to the Harmony module's forward port on June 13 as the International Space Station orbited 262 miles above Egypt's Mediterranean coast. The first Starliner test mission, flown without crew in late 2019, was riddled with missteps.

Persons: CNN —, Suni Williams, Butch Wilmore, Williams, Wilmore, it’s, “, ”, Steve Stich, Mark Nappi, It’s, Stich, Starliner, Wilmore —, Robert Behnken, Douglas Hurley, Joel Kowsky, Bob Behnken, Doug Hurley —, Hurley, Behnken’s, ” Stich, Michael Lembeck, Lembeck, —, Dragon, ” Lembeck, ” Nappi, “ Everything’s, ” Williams Organizations: CNN, NASA, International, Spaceflight, Boeing, NASA's Boeing, Harmony, SpaceX, International Space, University of Illinois Locations: firma, University of Illinois Urbana, Champaign

☆ There's a pipeline of former Tesla staffers to Elon Musk's shiny new startup xAI
▼ + stars: | 2024-06-19 | by ( Kali Hays | Grace Kay | ) www.businessinsider.com time to read: +5 min

People who work for an Elon Musk company have an opportunity to do something uncommon in business. Some recently sued Musk over claims that he's funneling AI talent to xAI instead of Tesla. He said earlier this year he was "uncomfortable" expanding Tesla's AI and robotics capabilities without additional voting control. Related storiesThe carmaker's CEO also recently diverted prized chips necessary for AI work that was headed for Tesla to xAI, CNBC reported. Most of the xAI employees who formerly worked at Tesla started working at the startup immediately after Tesla enacted mass layoffs earlier this year.

Persons: Musk, Tesla, xAI, —, Kali Hays, Grace Kay Organizations: Service, Elon Musk, Business, xAI, Twitter, CNBC, BI, EV, SpaceX, The Boring Locations: Neuralink, Tesla, xAI, khays@businessinsider.com, gkay@businessinsider.com

☆ Willie Mays: One of baseball’s most electrifying and complete players has died at 93
▼ + stars: | 2024-06-18 | by ( Wayne Sterling | Kevin Dotson | ) edition.cnn.com time to read: +17 min

AP From left: Monte Irvin, Willie Mays, and Hank Thompson hold bats on their shoulders in Yankee Stadium in 1951. Bettmann Archive/Getty Images Mays, then a physical training instructor at Fort Eustis, Virginia, leads soldiers through a calisthenics session on February 19, 1953. Bettmann Archive/Getty Images Mays plays stick ball with kids in New York's Harlem neighborhood in 1954. Bettmann Archive/Getty Images Mays makes a leaping, one-handed catch off the Los Angeles Dodgers' Duke Snider on August 15, 1954. JR/AP Mays, then of the San Francisco Giants, plays catch with 14-month-old Herbert Henderson, at the home of Henderson's parents, in San Francisco, California on November 14, 1957.

Persons: Willie Mays, Mays, “, Michael Mays, ” Michael Mays, ”, –, Babe Ruth, Hall, Hall of Famer Willie Mays, Robert D, Manfred, ” Manfred, ” Mays, couldn’t, wouldn’t, Negro League ballplayers, Monte Irvin, Hank Thompson, William F, Donegan, Duke Snider, Charles Hoff, Jackie Robinson, Bettmann, Frank Hurley, Joe DiMiaggio, Sid Mercer, Margherite Wendell, AP Mays, Herbert Henderson, Ernest Bennett, Pepe, San Francisco, Willie McCovey, Jon Brenneis, Ed Sullivan, Mel Ott, Hank Aaron, Joan Whitney Payson, Dan Farrell, douse Mays, Paul Sakuma, Monica M, Davey, John G, Mabanglo, San Francisco Giants Barry Bonds, of Famer Willie McCovey, Bonds, Willie, Laura Bush, George W, Bush, Chip Somodevilla, Jeff Gross, Barack Obama, Louis, Pete Souza, Jon Miller, Ezra Shaw, Nicholas Kamm, Gabrielle Lurie, ’ Mays, Vic Wertz, ” San Francisco Mayor London Breed, Breed, ’, Peter Ueberroth, Leo Durocher, ” Obama, “ Willie, Gavin Newsom, ” Newsom, Emma Tucker, Elizabeth Joseph, Taylor Romine Organizations: CNN, of Famer, San Francisco Giants, Giants, Major League Baseball, New York Giants, National League, Hall of Famer, MLB, Negro League statistics, Negro American, Birmingham Black Barons, San Francisco Chronicle, Juneteenth, Negro Leagues, Black Barons, Louis Cardinals, Negro League, Gloves, Bettmann, American, Minneapolis Millers, Minnesota Historical Society, AP, Yankee, The New York Giants, Army, Major League, Los Angeles Dodgers, NY, Mays ' New York Giants, Robinson's Brooklyn Dodgers, Cleveland Indians, Baseball Writers, JR, San, Candlestick Park, CBS, Getty, Astrodome, Mays, Atlanta Braves, New York Mets, Mets, Wrigley Field, Chicago Cubs, National League East, AP Mays, Candlestick, San Fransisco Giants, Park, Willie Mays Plaza, Bell Park, White, Little League's Challenger Division, T, Air Force, London Breed, Hall, Polo, New York, Brooklyn Dodgers, New York Yankees, Franciscan, ” San Francisco Mayor London, of Fame, Baseball Hall of Fame, Baseball Locations: Birmingham , Alabama, Birmingham, American, New York, Omaha , Nebraska, Camp Kilmer , New Jersey, Fort Eustis , Virginia, Phoenix , Arizona, New, Harlem, Mays ', NY, East Elmhurst , New York, San Francisco , California, San Francisco, Candlestick, Houston , Texas, New York City, Chicago , Illinois, AFP, Washington , DC, St, Washington ,, California

CNN —Two fast-growing fires are tearing across a southern New Mexico tribal reservation and converging on a village “like a pair of tongs,” prompting thousands of residents to evacuate, officials say. An estimated 5,000 residents were ordered to evacuate the village area due to the approaching South Fork Fire, New Mexico Forestry spokesperson George Ducker told CNN. A second blaze, the Salt Fire, is also burning on tribal land south of Ruidoso and has scorched 2,000 acres. The South Fork Fire has burned more than 5,000 acres and is zero percent contained, according to an overnight update from the New Mexico Forestry Division. Both fires are acting like “a pair of tongs, and Ruidoso is in the middle,” Ducker said.

Persons: George Ducker, Ducker, ” Ducker, Jesus Figueroa, Ruidoso, Rebecca Dennis, ” Dennis, Roswell –, Ruidoso –, ” PNM, CNN’s Melissa Alonso, Dave Alsup, Amanda Jackson, Robert Shackelford Organizations: CNN, New Mexico Forestry, Mescalero Apache, New, New Mexico Forestry Division, New Mexico State Police, Facebook, Apache Summit, Eastern New Mexico University, New Mexico State Fairgrounds, Storm, US Drought Monitor Locations: New Mexico, Ruidoso, Snow, Whitetail, Chihuahua, Lane, Summit, Los Angeles County, Northern California’s Sonoma County, Oklahoma, Sudderth, Roswell, lockstep, Lincoln County

☆ Amazon Labor Union votes to join forces with Teamsters
▼ + stars: | 2024-06-18 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Senator Bernie Sanders, an Independent from Vermont, left, speaks next to Christian Smalls, founder of the Amazon Labor Union (ALU), during an ALU rally in the Staten Island borough of New York, U.S., on Sunday, April 24, 2022. Members of the Amazon Labor Union, the first group of company workers to organize at a U.S. warehouse, have voted to affiliate with the International Brotherhood of Teamsters, the groups said in a joint statement on Tuesday. Roughly 98% of ALU members voted in favor of joining up with the Teamsters, the groups said. The Teamsters is one of the largest labor unions in the U.S., and it has long sought to organize Amazon delivery and warehouse workers. The union launched an Amazon division in 2021 to support and fund workers at the company in their unionization efforts.

Persons: Bernie Sanders, Christian Smalls, ALU, fearlessly, Sean O'Brien, Chris Smalls Organizations: Amazon Labor Union, International Brotherhood of Teamsters, Teamsters, Amazon, Brotherhood of Teamsters Locations: Vermont, Staten Island, New York, U.S, Staten Island , New York, York's

☆ Elon Musk announces Tesla stock option grants for 'exceptional performance' — read his email to workers
▼ + stars: | 2024-06-18 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Read previewTesla is implementing a system to reward "exceptional performance" with stock option grants. "There will also ben an ongoing program to award spot option grants for anyone who does something outstanding for the company," Musk said. One Tesla worker told BI that they felt Musk's email was proof the tide might finally be turning. Read Musk's full email to Tesla staff below:Over the next few weeks, Tesla will be doing a comprehensive review to provide stock option grants for exceptional performance. There will also ben an ongoing program to award spot option grants for anyone who does something outstanding for the company.

Persons: —, Elon Musk, Musk, Tesla, We've, reapprove, Read, Elon Organizations: Service, Business, Reuters Locations: Delaware

☆ Former Obama press secretary Robert Gibbs hired to lead Warner Bros. Discovery PR
▼ + stars: | 2024-06-18 | by ( David Goldman | ) edition.cnn.com time to read: +2 min

CNN —Robert Gibbs, a former White House press secretary during the Obama administration, will be joining Warner Bros. Warner Bros. But, like its competitors, Warner Bros. has largely struggled to persuade people to go to the movies this year. And Warner Bros. It won’t be Gibbs’ job to fix the media industry woes that are challenging Warner Bros.

Persons: Robert Gibbs, Obama, Gibbs, “ Barbie ”, Robert, ”, David Zaslav, Zaslav, ” Gibbs, Barack, He’ll, Katie Martin Kelly, Laura Watson, Nathaniel Brown Organizations: CNN, White House, Warner Bros, White, TNT, Discovery, NBA, Warner Bros . Discovery, DC Entertainment, Senate

☆ To help children with high BMI, expert panel recommends 26 hours of behavior coaching — but not weight-loss drugs
▼ + stars: | 2024-06-18 | by ( Jen Christensen | ) edition.cnn.com time to read: +9 min

The task force suggested that extensive and intensive behavioral interventions are the best way to help a child get to a healthy weight. A high BMI for a child is defined a little differently than it is for adults, although both use height and weight to estimate mass. Nearly 20% of children in the US have what’s considered a high BMI. The task force gives its guidelines letter grades based on the most up-to-date science. Under the Affordable Care Act, private insurers must cover preventive services that get a grade of A or B; the new child obesity recommendations got a B grade.

Persons: Susma Vaidya, ”, “, Dr, Mona Sharifi, ” Sharifi, Thomas Robinson, Sarah Armstrong, haven’t, Sharifi, Justin Ryder, Stanley Manne, Robert H, Lurie, “ I’ve, ” Ryder, Wegovy, Alli, Lomaira, John Ruiz, Sanjay Gupta, “ There’s, ” Vaidya, Vaidya, pharmacotherapy Organizations: CNN, US Preventive Services, Force, American Academy of Pediatrics, BMI, US Centers for Disease Control, Affordable, National Hospital, Yale School of Medicine, Stanford Solutions Science Lab, Department of Pediatrics, Pediatrics, Adolescent Health, Duke University Medical School, Stanley Manne Children’s, Ann, Lurie Children’s Hospital of Chicago, University of Arizona, CNN Health, FDA Locations: Washington

☆ Xi's claim that the US is trying to trick China into invading Taiwan is meant to divide the US and its allies: experts
▼ + stars: | 2024-06-18 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

Read previewXi Jinping's claim that the US is trying to trick China into invading Taiwan is aimed at driving a wedge between the US and its European allies, experts told Business Insider. But in addressing the issue with the EU leader, Xi was trying to counter the US narrative and undermine transatlantic relations, Scobell said. "Also, China knows that the EU is generally ambivalent about backing the United States in a war with China over Taiwan," he added. However, over the last few years, the mood in Washington, DC, has shifted toward greater hawkishness, Graeme Thompson, an analyst with the Eurasia Group, told Business Insider in November. Under its One China policy, the EU recognizes the People's Republic of China as the sole legal government of China.

Persons: —, Ursula von der Leyen, Xi, Andrew Scobell, Scobell, Craig Singleton, Singleton, Timothy Heath, von der Leyen, Graeme Thompson, Mike Pompeo, John Bolton Organizations: Service, European, Financial Times, Business, US Institute of Peace, BI, EU, Foundation, Defense of Democracies, Taiwan, RAND, Eurasia Group, Royal Services Institute Locations: China, Taiwan, Beijing, Ukraine, United States, Washington ,, People's Republic of China, EU, Taiwan Strait

☆ Meta poised for another breakout, according to the charts
▼ + stars: | 2024-06-18 | by ( Todd Gordon | ) www.cnbc.com time to read: +4 min

Meta (META) is about 5% from all-time highs and technically set up for a move to break to a new record. Since then during its 'year of efficiency' free cash flow has been built back to about $11-$13 billion per quarter for a yearly cash flow of about $50 billion. Meta is already making significant progress as its AI-generated content recommendation systems on Instagram Reels has made sharing among users increasingly popular. Analysts are expecting Meta to grow earnings by 14% for the next two years and revenues by about 12%. -Todd Gordon, founder of Inside Edge Capital, LLC DISCLOSURES: (Gordon owns META personally and in his wealth management company Inside Edge Capital Management, LLC Charts.)

Persons: we've, Todd Gordon, Gordon Organizations: Inside Edge, Reality Labs, Meta, Nvidia, Apple, Alpha, Inside Edge Capital Management

☆ Epic heat wave to expand from Midwest to East Coast, bringing warnings to 72 million
▼ + stars: | 2024-06-17 | by ( Dennis Romero | Patrick Smith | ) www.cnbc.com time to read: +3 min

Almost 72 million people across the country were under warnings of extreme heat Monday morning, the National Weather Service said. With Thursday's seasonal solstice taking place amid a weeklong heat wave expected for the East Coast and the Midwest, the summer of 2024 is coming in hot. Extreme heat warnings were in place for Chicago, St. Louis, Indianapolis, Detroit, Cleveland, Cincinnati, Pittsburgh, Philadelphia, Boston, New York City and Albany, New York. The weather service office for Pittsburgh said it "could be the most impactful heat wave of the 21st century." The weather service is also on the lookout for any possible tropical storms developing in the Gulf, it said.

Organizations: National Weather Service, East, Prediction, Midwest, The Nevada Division, Emergency Management, Pittsburgh, Buffalo Public Schools, Dakotas Locations: Phoenix , Arizona, U.S, East Coast, Chicago, St, Louis, Indianapolis, Detroit, Cleveland, Cincinnati, Pittsburgh, Philadelphia, Boston , New York City, Albany , New York, Ohio, East, Phoenix, Buffalo, Minnesota, Gulf, Mexico, Texas, Louisiana

☆ The Radar – The Athletic’s Copa America 2024 scouting guide
▼ + stars: | 2024-06-17 | by ( The Athletic Staff | ) www.nytimes.com time to read: +3 min

Gomez is known as ’El Capitan’ and, rather more evocatively, as ’The Marshal’ or ’The Spartan’. Europe’s loss has been South America’s gain, for Gomez has consistently been among the continent’s best defenders over the last six years. He has led the club to eight trophies since taking the armband in 2020, including back-to-back successes in the Copa Libertadores. ”I’ve never worked with a man of such character,” Palmeiras coach Abel Ferreira said in August. He is an outstanding player and the best captain Palmeiras could have.”That level of appreciation is echoed in the Paraguay set-up.

Persons: you’re, Paraguay’s Gustavo Gomez, ’, Gomez, El, El Capitan ’, Thiago Silva, ” I’ve, ”, Abel Ferreira, Cristiano Ronaldo’s, I’ve, Fabian Balbuena, ” Jack Lang Organizations: El Capitan, South American, Libertad, Lanus, Primera Division, AC Milan, Palmeiras, Copa Libertadores, ” Palmeiras Locations: Argentina, Brazil, Sao Paulo, Paraguay

☆ Andy Sieg Could Be Citi's Next CEO If He Can Fix a Broken Wealth Business
▼ + stars: | 2024-06-17 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +23 min

Andy Sieg shocked the finance industry last spring when he left Merrill Wealth Management. AdvertisementBank of America analyst Ebrahim Poonawala recently argued that Citi should consider selling the wealth business if it cannot improve its profitability. AdvertisementWhile Sieg has told Citi managing directors to manage up less, a former Merrill executive who worked under him said Sieg was adept at it. Former Citi managing directorAdvertisementVahid's position will be taken by Kris Bitterly, the global head of investment products, in September. Mirroring tactics that supercharged Merrill, Sieg has changed Citi Wealth's compensation scheme to prioritize asset gathering, to the consternation of several employees.

Persons: Andy Sieg, Kevin Crain, Sieg, Crain, Jane Fraser, Fraser, Morgan Stanley, Merrill, Smith Barney, Ebrahim Poonawala, Wells, Mike Mayo, Brian Moynihan, Alex Wong, Moynihan, Fraser isn't, Mayo, anoint, Jamie Dimon, Jennifer Piepszak, Marianne Lake, Viswas Raghavan, Jane, He'd, George H, Bush, Bill Schreyer, Merrill Lynch, Dave Komansky, David Komansky, YOSHIKAZU TSUNO, Phil, Doug, Lord Abbett, David Poole, Citi's, there's, That's, Poole, Glenn Schorr, Jim O'Donnell, O'Donnell, Sieg's, Andy Sieg's, Naz Vahid, David Bailin, Bailin, Naz, Phil Waxelbaum, Vahid, Kris, Don Plaus, Keith Glenfield, Dawn Nordberg, Edward Jones, They're, Ernst & Young, he's Organizations: Merrill Wealth Management, Business, Citi, Bank of America, Morgan, BI, Merrill, Bank, Citigroup, JPMorgan, Harvard, Penn State, JPMorgan Advisors, United Arab, Citi . Citi, Work, Citi lifer, Former Citi, North, Citi Alliance, Citi Wealth, Bloomberg, Ernst &, Citizens Bank Locations: Sieg, Wells Fargo, Merrill, Bellefonte , Pennsylvania, Poole, Singapore, United Arab Emirates, Mexico, London, Aventura , Florida, Asia, Manhattan, North America

☆ Israeli military knew how Hamas planned to take hostages weeks before October 7: report
▼ + stars: | 2024-06-17 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

Read previewThe Israeli military knew about Hamas' plans to attack southern Israel weeks before October 7 — even how many hostages the militant group planned to capture, according to a report from Israeli public broadcaster Kan. The officials even had intel on how Hamas intended to treat the hostages in certain extreme circumstances and what rules Hamas set for executing hostages, Kan reported. That oversight prevented top Israeli intelligence leaders from doing anything about the internal report detailing Hamas' plans, Kan News reported. Hamas militants attacked southern Israel on October 7, killing 1,200 people and taking hundreds hostage, many of whom are still being held in captivity. The exact number of hostages Hamas took is unclear, but Israel has estimated it was around 240, with about 116 still in Gaza, the Wall Street Journal reported.

Persons: —, Kan, Israel, Israel's Organizations: Service, Kan, Israel Defense Force's, Business, Southern Command, Gaza, intel, Kan News, The New York Times, Hamas, Times, Wall Street Journal Locations: Israel, Israel Defense Force's Gaza, Gaza, The

☆ Athlete marketing is booming with the evolution of NIL and creating new career paths
▼ + stars: | 2024-06-17 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +6 min

NIL has created career paths for college athletes and brand-deal managers. NIL has also created career paths for college athletes, some of whom are building businesses as influencers and content creators or getting jobs in social media and marketing rather than going pro. It's important for schools that want to be involved in NIL deals to engage in sports marketing and sourcing deals for athletes, he added. Connor Printz, a former Division III basketball player at Claremont McKenna College, has landed over 100 NIL deals. It's not just student-athletes who are benefitingNIL isn't creating more career opportunities only for college athletes.

Persons: —, Caitlin Clark, Clark, Bronny James, Olivia Dunne —, Garrett Yaralian, influencers Dunne, she's, Dunne, Yaralian, TikTok, Sam Hurley, Hurley, Connor Printz, Chase Griffin, Griffin, It's, Drew Glover Organizations: Service, WNBA, Nike, Wall Street, NCAA Division, State, NCAA, —, University of Southern California, Louisiana State University, WME Sports, Brands, University of Texas, Fund, Division III, Claremont McKenna College, University of California, Sports, Texas, OneTeam Partners, University of Georgia Athletic Association, . Venture, Fiat Ventures Locations: Instagram, Austin, Los Angeles

☆ Hardware is Wall Street's new favorite bet
▼ + stars: | 2024-06-17 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at the Apple-Google partnership that shows why hardware has become Wall Street's new favorite bet . The big storyHardware is hotGetty Images; Chelsea Jia Feng/BISoftware may still eat the world, but only with the help of some serious hardware. But generative AI has put a considerable spotlight on a less sexy part of tech: hardware. That's playing out in the stock market, where hardware tech stocks have outperformed software tech stocks by 30 percentage points this year , writes BI's Matthew Fox.

Persons: —, Chelsea Jia Feng, Marc Andreessen's, Hugh Langley, That's, BI's Matthew Fox, it's, Steve Schwarzman, Jon Gray, Brian Ach, Tyler Le, Andy Sieg, Merrill Wealth, Dan Sundheim, Chris Tuite, Trump, Elon Musk, hasn't, Jimmy Simpson, they're, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Annie Smith, Amanda Yen Organizations: Service, Elon, Apple, Business, Apple Intelligence, OpenAI, Google, Microsoft, Amazon, Oracle, Street, Nvidia, Broadcom, Blackstone, Merrill, D1 Capital, YouTube, Netflix, BI, Cannes Lions, advertising's Locations: That's, New York, London

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