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The two aviation powerhouses recently joined forces to reimagine the future of airplane TV and movie-viewing, via a swanky concept called MAYA. MAYA, which stands for “Most Advanced Yet Achievable,” is an ergonomic business class seat that comes equipped with an Astrova Curve 45-inch ultra-wide, ultra-high-definition OLED display. Collins Aerospace/Panasonic AvionicsThe screen syncs up with passengers’ personal devices, offering an impressive headphone-less audio system. Collins Aerospace/Panasonic AvionicsNot only is MAYA’s curved screen three times larger than classic business class seat options, Panasonic also envisages the seat offering an Ultra-Widescreen CinemaScope (21:9) display – a screen format more commonly found in cinemas. With that in mind, Masson calls the screen the “cinematic centerpiece” of MAYA’s design, but stresses the screen’s not only designed for movies.
Persons: you’ve, Andrew Masson, ” Collins, Masson, , Organizations: CNN, Collins Aerospace, Panasonic, Panasonic Avionics, Aircraft Interiors, AIX, CNN Travel Locations: Hamburg, Germany
Elon Musk redirected $500 million in AI processors from Tesla to X, CNBC reported. AdvertisementElon Musk diverted $500 million worth of AI processors meant for the carmaker, according to correspondence from Nvidia employees obtained by CNBC. Instead, he sent them to his social media platform X, the report, which was published Tuesday, said. "Elon prioritizing X H100 GPU cluster deployment at X versus Tesla by redirecting 12k of shipped H100 GPUs originally slated for Tesla to X instead," an Nvidia memo from December said, according to the report. "In exchange, original X orders of 12k H100 slated for Jan and June to be redirected to Tesla."
Persons: Elon, , Tesla Organizations: CNBC, Service, Nvidia, Tesla, Business
Milan, Italy CNN —Archaeologists have unearthed an intricately decorated blue room, interpreted as an ancient Roman shrine known as a sacrarium, during recent excavations in central Pompeii in Italy. Italian Ministry of CultureThe walls of the room feature female figures that are said to depict the four seasons of the year, as well as allegories of agriculture and shepherding. The new discovery came amid excavations in the Regio IX area of central Pompeii, a residential area that is currently one of the most active excavation sites for new findings. The project aims to improve the structure of the area, making the “protection of the vast Pompeiian heritage… more effective and sustainable,” the culture ministry said. Italian Ministry of CultureLast week, it was reported that archaeologists in Pompeii had uncovered children’s sketches depicting violent scenes of gladiators and hunters battling animals.
Persons: Gennaro Sangiuliano Organizations: Italy CNN —, of Culture, Italian Ministry of, Italian Ministry of Culture Locations: Milan, Italy, Pompeii, Regio IX
Home prices could start falling as soon as the end of summer, one strategist predicts. That's due to a sharp rise in unsold homes, with inventory climbing 16% year-per-year in April. That's the highest increase in unsold inventory recorded since the Great Financial Crisis. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . That's according to Brian Nick, a senior investment strategist at Macro Institute, who's calling for a drop in home prices that could take place over the next three to six months.
Persons: , homebuyers, Brian Nick, Nick Organizations: Service, Macro
Russia has poured scorn on Ukraine's attempts to invite its former Soviet allies to a forthcoming peace summit in Switzerland, saying the invitation had been rejected by its neighbors. "Kyiv and its Western handlers actively sought to attract representatives from the countries of the global South and East. Russia jealously guards its influence over the CIS, which includes Russia, Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan. Meanwhile, Western countries have tried to strengthen their relations with several member countries of CIS, much to Russia's disdain. Russia is sensitive over what it sees as Western encroachment on its own backyard, particularly as the CIS' membership has dwindled in recent years.
Persons: Ilham Aliyev, Serdar Berdimuhamedow, Vladimir Putin, Emomali Rahmon, Alexander Lukashenko, Mikhail Galuzin, Volodymyr Zelenskyy, Galuzin, — Holly Ellyatt Organizations: Commonwealth of Independent States, Tass, CIS, Commonwealth, CNBC, Russian, Georgia Locations: Turkmenistan, Russian, Bishkek, Kyrgyzstan, Russia, Soviet, Switzerland, Armenia, Azerbaijan, Belarus, Kazakhstan, Tajikistan, Uzbekistan, CIS, Baltic States, Soviet Union, Moldova, Ukraine, Kyiv
Kremlin spokesman Dmitry Peskov attends the 8th Russian-Chinese EXPO and the 4th Russian-Chinese Forum on Interregional Cooperation in Harbin, China, May 17, 2024. Sergei Bobylyov | Via ReutersThe Kremlin denied an allegation that it is waging a disinformation campaign against France, its president and the 2024 Olympic Games in Paris. The Microsoft Threat Analysis Center, or MTAC, said Sunday that "Russia is ramping up malign disinformation campaigns against France, French President Emmanuel Macron, the International Olympic Committee (IOC), and this summer's Olympic Games in Paris." On Tuesday, Kremlin press secretary Dmitry Peskov characterized the MTAC's accusations against Russia as slander, news agency RIA Novosti reported. Russian President Vladimir Putin claimed Ukraine's losses are eight times higher than those of Russia during an interview with Chinese media.
Persons: Dmitry Peskov, Sergei Bobylyov, Emmanuel Macron, Peskov, Macron, Vladimir Putin, Ludovic Marin Organizations: Interregional Cooperation, Reuters, Kremlin, France, Microsoft, International Olympic Committee, IOC, RIA Novosti, Olympic Games, Russian, NATO, Afp, Getty Locations: Russian, Harbin, China, Paris, Russia, France, Ukraine, Belarusian
The University of the Arts president, Kerry Walk, has resigned only a few days after her administration said that the nearly 150-year-old institution in Philadelphia would close because of declining revenue and enrollment, union officials representing school employees told The New York Times on Tuesday. News of the resignation, which earlier appeared in The Philadelphia Inquirer, broke as students were protesting the closure on campus, holding signs with messages including “It’s not noble for artists to suffer” and “We are not trash don’t throw us away.” Union officials told The New York Times that a meeting to start layoff negotiations on behalf of some 450 employees was abruptly canceled Tuesday by the school’s outside legal counsel as faculty learned that Walk was stepping down. “We are appalled,” United Academics of Philadelphia, one of the unions representing employees, wrote in a statement. “This sudden resignation, announced via the media, continues the pattern of disregard and cruelty to which the University of Arts has subjected employees and students.”On Sunday, the University of the Arts posted a statement to its website saying that “despite our best efforts, we could not ultimately identify a viable path for the institution to remain open and in the service of its mission.” It has not commented on Walk’s resignation; she served as university president for less than a year. Before she joined the University of the Arts, Walk was the president of Marymount Manhattan College for eight years.
Persons: “ It’s, Organizations: University of the Arts, Kerry, New York Times, ., Philadelphia Inquirer, , of, University of Arts, Marymount Manhattan College Locations: Philadelphia, ” United, of Philadelphia
U.K. Prime Minister Rishi Sunak (left), leader of the incumbent Conservatives, and opposition leader Sir Keir Starmer of the Labour Party. The politicians traded barbs in their first head-to-head debate on Tuesday ahead of the July 4 General Election. "I'm clear that I'm going to keep cutting people's taxes as we now are ... Mark my words, Labour will raise your taxes, it's in their DNA. You name it, Labour will tax it," Sunak said. Labour leader Keir Starmer said the £2,000 calculation was "based on made-up Labour policies."
Persons: Rishi Sunak, Sir Keir Starmer, Sunak, Keir Starmer, Starmer, Liz Truss, Julie Etchingham Organizations: Conservatives, Labour Party, Conservative Party, Labour, Conservative, ITV News
Chinese people know their country’s internet is different. They use euphemisms online to communicate the things they are not supposed to mention. Now they are discovering that, beneath a facade bustling with short videos, livestreaming and e-commerce, their internet — and collective online memory — is disappearing in chunks. “The Chinese internet is collapsing at an accelerating pace,” the headline said. Predictably, the post itself was soon censored.
Organizations: YouTube, Facebook Locations: WeChat
The same media outlets and figures who have told their audiences that there is a “two-tiered justice system” in America, are now prominently covering a trial in which Biden’s own Justice Department prosecutes his son. If Biden is rigging the justice system, he is doing a lousy job. However, while Trump’s trial was treated as an illegitimate “sham” by the MAGA Media machine, the Hunter Biden trial is being portrayed in a markedly different light. Regardless of what happens in the Hunter Biden trial, however, Trump’s media allies will still undoubtedly claim that the justice system is rigged. But, even if Hunter Biden is found guilty, audiences will be told that he got off easy and should have been hit with more severe charges.
Persons: Donald Trump’s, Hunter Biden, Sean Hannity, Laura Ingraham, Jesse Watters, , Joe Biden’s, Department prosecutes, Biden, , Biden’s, don’t, It’s Organizations: New York CNN, Fox, Department, Fox News, MAGA, Democratic Party, Republican Party, GOP, MAGA Media Locations: New York, America
Saeed Abiyar, an adviser to Iran’s Islamic Revolutionary Guards Corps (IRGC) in Syria, died in the attack, Iran’s semi-official Tasnim news agency reported. Israel fired back, a US official told CNN, targeting a major Iranian military airbase near the city of Isfahan. Iran has deployed military advisers to Syria in support of Syrian President Bashar al-Assad since civil war broke out there in 2011. “The era of strategic patience is over,” said Mohammad Jamshidi, deputy chief of staff to the Iranian president. Israel contested this, claiming the target was an Iranian military headquarters.
Persons: Saeed Abiyar, SANA, Israel, Bashar al, Assad, , Mohammad Jamshidi, Monday’s, Trita, Ebrahim Raisi, Hossein Amir, , ” Parsi, Joe Biden, Parsi Organizations: CNN, Islamic Revolutionary Guards Corps, Israel, Israel Defense Forces, Islamic, Washington DC, Quincy Institute, Foreign Locations: Syrian, Aleppo, Israel, Iran, Syria, Damascus, Lebanon, Isfahan, Gaza, Washington, Iranian, Tehran
U.S. dollar drifts higher from multi-month lows, yen gains
  + stars: | 2024-06-04 | by ( ) www.cnbc.com   time to read: +2 min
Job openings, a measure of labor demand, were down 296,000 to 8.059 million on the last day of April, the lowest since February 2021. Market participants had their focus on the JOLTS data ahead of Friday's U.S. job report, which is expected to show 185,000 new jobs created in May, up from 175,000 in April. "Certainly we had the JOLTS data which was pretty weak. The JOLTS report followed data on Monday showing a second straight month of slowdown in manufacturing activity and an unexpected decline in construction spending. In afternoon trading, the dollar index was up 0.1% at 104.12, having fallen to its lowest since mid-April overnight at 103.99.
Persons: Eugene Epstein, Epstein Organizations: U.S, Swiss, Labor, Survey, Federal Reserve, North America, European Central Bank, Bank of Canada, BoC, BOC, ECB Locations: Friday's, Moneycorp, New Jersey
AdvertisementThe media giant, which owns Paramount Pictures and CBS, has been in the news as an acquisition target since late last year. Skydance might not be as recognizable a name, but the company's owner and CEO David Ellison is. It's "is Paramount big enough to survive on its own?" The rush to corner the market on data centers is a move by Big Tech to secure the keys to the coming AI kingdom. Big Tech, finance, and consulting jobs are becoming harder to come by, upending the job search for young people.
Persons: , Donald Trump, Rebecca Zisser, Warner, David Zaslav, Byron Allen, David Ellison, Larry Ellison, he's, Phillip Faraone, Peter Kafka, That's, Larry Ellison's, Alyssa Powell, Savita Subramanian, Gary Shilling, Kitty, Keith Gill, Arif Qazi, Jason Zander, they'll, Apple's, Siri, Dominic Bugatto, that's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Annie Smith Organizations: Service, Paramount, Business, Paramount Pictures, CBS, RedBird Capital Partners, KKR, Warner Bros . Discovery, Sony, Hollywood, Getty, Tech, Bank of America, Wall Street, GameStop, Google, Microsoft, Big Tech, BI, Washington Post, Hewlett Packard Enterprise Locations: China, India, Texas, New York, London
Post Market Wrap: June 4, 2024
  + stars: | 2024-06-04 | 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 EmailNews Update – Market CloseCNBC brings you fast, accurate, and actionable business news and market updates.
Organizations: CNBC
AdvertisementShortly after Mizuhara entered his plea Tuesday, MLB said it cleared Ohtani and closed its investigation into the matter. Ohtani accused Mizuhara of “massive theft,” alleging that Mizuhara had taken the money without his knowledge. Mizuhara had worked for Ohtani since the player’s arrival in the United States in 2018, when Ohtani hired Mizuhara as his de facto manager and interpreter, according to court documents. The investigation unearthed no evidence that Ohtani teamed with Mizuhara to place bets, nor that Mizuhara had placed any bets on baseball, prosecutors said. Mizuhara pleaded not guilty to bank and tax fraud charges on May 14, a formality ahead of the plea deal negotiated with federal prosecutors, Mizuhara’s attorney, Michael Freedman, said.
Persons: — Ippei, Shohei, Mizuhara, , , Mathew Bowyer, Ohtani, Martin Estrada, Michael Freedman, Frederic J . Brown Organizations: SANTA ANA, Calif, MLB, Los Angeles Dodgers, DOJ, Dodgers, Ohtani, Nippon, Ham Fighters, NPB Locations: SANTA, Japan, U.S, Ohtani, United States
New York CNN —YOLO economy, meet the “yo, no” economy. In what was dubbed the YOLO economy (short for “you only live once”), or revenge spending, consumers shelled out for the experiences and goods they had missed. And that may be bad news for the economy. “We are monitoring the issue and engaging with market participants,” a spokesperson for the Securities and Exchange Commission told CNN. Joe Saluzzi, co-founder of Themis Trading, told CNN that the NYSE’s explanation is hard to square with the bizarre trades that hit the tape.
Persons: “ Covid, doesn’t, ” Sameer Samana, , There’s, , that’s, Taylor Swift, It’s, Dow, Jerome Powell, Berkshire Hathaway, Warren Buffett, Joe Saluzzi, Themis Trading, I’m, Saluzzi, ” Read, Matt Egan, Keith Gill —, ” —, Read, Anna Cooban Organizations: CNN Business, Bell, New York CNN, Wells, Investment Institute, Walmart, Target, Employers, TSA, Federal Reserve, New York Stock Exchange, The New York Stock Exchange, ” Intercontinental Exchange, NYSE, ICE, CNN, NYSE Group, Consolidated, CTA, Berkshire Hathaway’s, Berkshire, Securities and Exchange Commission, Themis, GameStop, AMC Entertainment Locations: New York, YOLO, Samana, , Berkshire
A woman walks past Bombay Stock Exchange (BSE) office in Mumbai, India, 18 July, 2022. Nurphoto | Nurphoto | Getty ImagesIndia stocks tumbled Tuesday in volatile trading, leading Asia markets lower as the country continued vote counting for its 2024 general election. The Nifty rose more than 20% last year, while the Sensex was up nearly 19% in 2023. Japan's Nikkei 225 fell 0.22% to close at 38,837.46, while the broader Topix ended 0.38% down at 2,787.48. Hong Kong's Hang Seng index was 0.12% higher, while the CSI 300 index added 0.75% to close at 3,615.67.
Persons: Narendra Modi Organizations: Bombay Stock Exchange, Nurphoto, Getty, BSE, BJP, Japan's Nikkei, CSI Locations: Mumbai, India, Asia, Australia
The NYSE will cancel trades after a glitch caused halts for 40 stocks, including Berkshire Hathaway. The glitch caused Berkshire Hathaway to appear to trade at a 99% discount. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe New York Stock Exchange said it will cancel trades made after a glitch caused trading halts for 40 stocks on Monday morning — including Berkshire Hathaway, which appeared to trade at a 99% discount. Class A shares of the Warren Buffett company appeared to trade at $185.10 per share before a trading halt kicked in.
Persons: Berkshire Hathaway, , Warren Buffett Organizations: NYSE, Berkshire, Consolidated, Service, York Stock Exchange, Business Locations: Berkshire
CNN —A cyberattack on a contractor to England’s National Health Service has forced several major hospitals in London to cancel operations, blood tests and appointments and send patients elsewhere. King’s College Hospital, Guy’s and St Thomas’ have all been affected, as have numerous primary care providers in the UK capital, a spokesperson for the National Health Service (NHS) said Tuesday. The hospitals and providers affected are all partnered with Synnovis, a company that provides lab services to the NHS. Mark Dollar, the CEO of Synnovis, said the company was “incredibly sorry for the inconvenience and upset this is causing to patients, service users and anyone else affected. We are doing our best to minimize the impact and will stay in touch with local NHS services to keep people up to date with developments.”
Persons: Thomas ’, Oliver Dowson, Thomas ’ –, , , Vanessa Welham, Ciaran Martin, ” Martin, Mark Dollar Organizations: CNN, National Health Service, King’s College Hospital, Synnovis, NHS, Royal, Guy’s, Gracefield, Cyber Security, Cyber Operations Locations: London, Guy’s, Royal Brompton, Streatham
And the rate of maternal deaths among Black women in the United States remains even higher, at nearly 50 deaths per 100,000 live births, the new report shows. Meanwhile, half of the high-income nations in the new report had fewer than 5 maternal deaths per 100,000 live births, and one country recorded zero maternal deaths: Norway. The three nations with the lowest maternal death rate were Norway with zero, Switzerland with a rate of 1 death per 100,000 live births and Sweden with about 3 deaths per 100,000 live births. The US maternal mortality rate fell from 32.9 maternal deaths per 100,000 live births in 2021 to 22.3 per 100,000 in 2022, according to data from the CDC. “Maternal deaths are a preventable problem, and this problem can be solved.
Persons: , Munira Gunja, ” Gunja, , Dr, Laurie Zephyrin, Dimes, , , Tochi, Michelle Owens, ” Owens, “ ACOG, Christopher Zahn, ” Zahn, Sanjay Gupta, Roe, Wade Organizations: CNN, Commonwealth Fund, International Program, Health, , US Centers for Disease Control, Organisation for Economic Co, CDC, World Health Organization, , Commonwealth, American Academy of Family Physicians, American College of Obstetricians, CNN Health Locations: United States, Norway, Australia, Canada, Chile, France, Germany, Japan, Korea, Netherlands, New Zealand, Sweden, Switzerland, Covid, U.S, United Kingdom, Long Island , New York, Jackson , Mississippi, States, Commonwealth
CNN —Five people have died and thousands were evacuated in southern Germany after heavy rainfall hit the region and caused vast floods, prompting warnings from senior officials that the climate crisis was set to worsen extreme weather in the country. After heavy rainfall, the German Armed Forces has sent 800 personnel to the region to help with rescue efforts. Record floods occur every few years … record rainfall every few years,” Habeck, of the Greens Party, told broadcaster n-tv. Deadly floods hit Western Europe in 2021, with at least 220 people killed between July 12 and 15, mostly in Germany. Other areas of Europe have also been affected by heavy rainfall in recent days.
Persons: Juergen Weiss, Thomas Niedermueller, Armin Weigel, Olaf Scholz, ” Scholz, Robert Habeck, ” Habeck, HINA, CNN’s Barbie Nadeau, Louis Mian Organizations: CNN, Bavarian firefighters, Authorities, German Armed Forces, Bavarian, Environmental Office, Economy, Greens Party, Firefighters, Sunday, RTV SLO Locations: Germany, Bavaria, Baden, Wuerttemberg, Regensburg, Rudersberg, Bavarian, Passau, Europe, Udine, Northeastern Italy, Slovenia, Gornja Radgona, Austrian, Zagorje county
Read previewTV host John Oliver took aim at India's elections and its prime minister, Narendra Modi, on Sunday night, warning that the nation was "sliding towards authoritarianism." In his classic "roast" style, Oliver noted Modi's increasing tendency towards censorship and anti-Muslim rhetoric. Finally, Oliver called for an end to the "uncritical, fawning praise" for Modi coming from the international community. AdvertisementThough Modi and the BJP appear to have come out on top, the party's lead is surprisingly narrower than expected. Prior to voting, Modi said the BJP sought to win around 400 seats, per the BBC.
Persons: , John Oliver, Narendra Modi, Modi, there's, Oliver, Modi's, There's, He's Organizations: Service, Business, HBO, North, Bharatiya Janata Party, BJP, BBC Locations: India, Ukraine, North Korea, Sudan, British
Other Trump cases are in suspended animationTwo federal cases against Trump, in which he’s also pleaded not guilty, are in a holding pattern. At the same time, multiple disputes in pre-trial motions have put the looming federal trial in Florida over Trump’s alleged mishandling of classified documents into suspended animation. But if Trump wins, he could appoint an attorney general who could halt the federal cases in their tracks. Garland is also likely to face scrutiny over the Hunter Biden trial. Republicans celebrated when a plea deal, which they saw as “sweetheart” treatment for Hunter Biden, collapsed in court.
Persons: Joe Biden’s, Donald Trump, , ” Biden, Hunter, Biden, Trump, Fani Willis, , , Willis, he’s, Jack Smith’s, Aileen Cannon, Ty Cobb, CNN’s Erin Burnett, , it’s, ” Cobb, Cobb, Hunter Biden, who’s, marveling, Joe Biden, Biden’s, Juan Merchan, “ I’m, Adam Schiff, Kasie Hunt, General Merrick Garland, Garland, Robert Hur’s, New Jersey Democratic Sen, Robert Menendez Organizations: CNN, Republican, Democratic, Republicans, Trump, Georgia, US, Department, Trump White House, Fox News, Capitol, California Democrat, House Republicans, New Jersey Democratic Locations: Connecticut, New York, Georgia, Fulton County, Florida, York, Delaware, Trump, “ State, California, Washington
Indonesia is building a new capital from scratch, with Jakarta threatened by rising sea levels. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIndonesia's plans to build a new capital city from scratch have been hit by the unexpected resignation of the two top officials overseeing the project. Bambang Susantono and his deputy Dhony Rahajoe both quit their roles at the Nusantara Capital City Authority on Monday, outlets including Reuters reported. This story is available exclusively to Business Insider subscribers.
Persons: Tony Blair, , Bambang Susantono, Dhony Rahajoe, Pratikno, Joko Widodo Organizations: Nusantara, Service, Nusantara Capital, Authority, Reuters, Asia News Network, Business Locations: Indonesia, Jakarta
Correspondence from Nvidia staffers also indicates that Musk diverted a sizable shipment of AI processors that had been reserved for Tesla to his social media company X, formerly known as Twitter. "Elon prioritizing X H100 GPU cluster deployment at X versus Tesla by redirecting 12k of shipped H100 GPUs originally slated for Tesla to X instead," an Nvidia memo from December said. In a post on X in November, Musk wrote, "X Corp investors will own 25% of xAI." At Tesla, Musk has promised to build a $500 million "Dojo" supercomputer in Buffalo, New York, and a "super dense, water-cooled supercomputer cluster" at the company's factory in Austin, Texas. WATCH: Musk ordered Nvidia to ship thousands of AI chips to X
Persons: Elon Musk, David Swanson, Reuters Elon Musk, he's, Tesla's, Musk, Tesla, Elon, Critics, OpenAI's ChatGPT, Axios Harris, Jensen Huang, Huang, David Paul Morris, xAI's Grok, xAI, he'd, He's, Leo Koguan, Gerber Kawasaki's Ross Gerber, Joel Fleming, Fleming, hasn't, Ethan Knight Organizations: SpaceX, Tesla, Reuters, Nvidia, Tesla's Texas, CNBC, X Corp, EV, Google, Meta, Microsoft, Blackwell, Nvidia Corp, Technology, Bloomberg, Getty, Twitter, Equity Litigation Locations: Beverly Hills , California, Tesla's, U.S, San Jose , California, Buffalo , New York, Austin , Texas, North Dakota, Delaware, Tesla, xAI, SolarCity, Texas, New York
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