DIRS.INFO The most relevant business & tech news

☆ Uber, Khosla, Nvidia invest in $200 million funding round for autonomous trucking startup Waabi
▼ + stars: | 2024-06-18 | by ( Riley De León | ) www.cnbc.com time to read: +3 min

Autonomous trucking startup Waabi announced Tuesday it has raised $200 million in an oversubscribed Series B funding round led by existing investors Uber and Khosla Ventures. Waabi's latest funding round also includes Nvidia, a new investor in the company, as well as Porsche and the venture capital arm of Volvo. Using generative AI, Waabi has built a single AI system that is capable of reasoning, just as humans do, and that can come up with problems human minds couldn't conceptualize. The new investor round brings Waabi's total funding to $280 million since being founded in 2021. "This funding round gives us everything we need, both financially and strategically, to launch fully driverless trucks and accelerate our growth in 2025," Urtasun said.

Persons: Waabi, couldn't, Raquel Urtasun, Jensen Huang, Urtasun Organizations: Uber, Khosla Ventures, Nvidia, Porsche, Volvo, Uber Freight, U.S, Trucking, CNBC Locations: Toronto, Dallas, Houston, Texas, U.S, Waabi

☆ CNBC Daily Open: Nasdaq record, Tesla future value?
▼ + stars: | 2024-06-17 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

Alain Jocard | AFP | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. This valuation, however, wouldn't be based on Tesla's success as an electric vehicle manufacturer, but rather as a robotics company. While Musk didn't provide a specific timeframe for this claim, he also suggested Tesla could reach a $5 trillion to $7 trillion valuation as a robotaxi company. In 2020, Tesla's worth even surpassed the combined value of Toyota, Volkswagen, Hyundai, GM, Ford and BMW.

Persons: Elon Musk, Porte, Alain Jocard, Elon, Tesla, Cathie Wood, Wood, CNBC's, Dan Ives, Chris Ailman, Ailman, CNBC's Michael Santoli, Jeff Cox, Michael Santoli, Jordan Novet, Katie Bartlett, Pia Singh, Riley de León, Spencer Kimball, Lisa Kailai Han, Brian Evans Organizations: SpaceX, Twitter, Porte de, AFP, Getty, CNBC, Toyota, Volkswagen, Hyundai, GM, Ford, BMW, California State Teachers, Nvidia, & $ Locations: Paris, Tesla

☆ Armie Hammer called the sexual abuse allegations against him 'career death.' Here's a timeline of the actor's controversial fall from grace.
▼ + stars: | 2024-06-17 | by ( Jacob Sarkisian | Jason Guerrasio | ) www.businessinsider.com time to read: +16 min

Hammer denied certain allegations against him, such as the allegation of rape, and simply avoided or refused to address others. Leon Bennett/WireImageDuring the timing of the alleged messages, Hammer was married to Elizabeth Chambers. AdvertisementThat same year, the actor told Elle magazine that a former girlfriend tried to stab him while they were having sex. "I hit really dark low points," Hammer told Ramsey. Hammer denied rumors that he is a cannibal, calling them "bizarre," and said he's now sober after doing an extended stint in rehab.

Persons: —, Hammer, @houseofeffie, Armie Hammer, Richard Shotwell, Jennifer Lopez, Armie, Josh Duhamel, Hammer's, Elizabeth Chambers, Leon Bennett, Chambers, Julie Miller, Elizabeth, exes, Courtney Vucekovich, Paige Lorenze, Andrew Brettler, Mr, Jessica Ciencin Henriquez, Henriquez, Rebecca, Marquis de Sade, Elle, Angelova, Gloria Allred, Brettler, Allred, Effie, wasn't, Tyler Ramsey, Ramsey, he's, I'm, Moises Mendez II, Gabi Stevenson Organizations: Service, Air Mail, Business, Los Angeles Police Department, LAPD, Hollywood, Variety, Lionsgate, Hammers, Fox News, Daily Mail, Netflix, Playboy, Hollywood Reporter, Facebook Locations: Los Angeles, Dominican Republic, Netflix Brazil, LA, Cayman Islands

☆ Tony Awards 2024: See the full list of winners (Updating live)
▼ + stars: | 2024-06-16 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +8 min

CNN —The 2024 Tony Awards are underway at the David H. Koch Theater at Lincoln Center for the Performing Arts in New York City. Heading into the ceremony, Alicia Keys’ ambitious musical “Hell’s Kitchen” and “Stereophonic,” a play set in the ’70s about fictional band, led with 13 nominations each. Cast members from productions including “Cabaret at the Kit Kat Club,” “The Who’s Tommy,” “Water for Elephants” and the Hillary Clinton-produced “Suffs,” among others, are slated to perform. The Tony Awards are airing on CBS at 8 p.m. EDT/5 p.m. PDT and will stream on Paramount+ in the US. Here is a look at the full list of nominees, with winners indicated in bold, including those that were announced prior to the telecast.

Persons: Tony, David H, Oscar, Ariana DeBose, Billy Porter, Isabelle Stevenson Tony, Alicia Keys, ”, Kat, Tommy, Hillary Clinton, “ Mary Jane ”, “, Tommy ”, William Jackson Harper, “ Uncle Vanya ” Leslie Odom, Jr, Liev Schreiber, Jeremy Strong, Michael Stuhlbarg, Betsy Aidem, Republic ” Jessica Lange, ” Rachel McAdams, “ Mary Jane ” Sarah Paulson, Amy Ryan, Brody Grant, Jonathan Groff, Dorian Harewood, Brian d’Arcy James, Eddie Redmayne, Eden Espinosa, Maleah Joi Moon, Kelli O’Hara, ” Maryann Plunkett, ” Gayle Rankin, Will Brill, Eli Gelb, Jim Parsons, Tom Pecinka, Corey Stoll, Quincy Tyler Bernstine, Juliana Canfield, Celia Keenan, Bolger, Sarah Pidgeon, Kara Young, Roger Bart, Joshua Boone, Brandon Victor Dixon, Lynch, Daniel Radcliffe, Steven Skybell, Bean, Amber Iman, “ Lempicka, Nikki M, James, “ Suffs ” Leslie Rodriguez Kritzer, “ Monty Python’s, Kecia Lewis, ” Lindsay Mendez, Bebe Neuwirth, ” Kristoffer Diaz, ” Adam Rapp, Justin Levine “ Suffs, ” Shaina Taub, ” Rick Elice, Adam Guettel, David Byrne, Fatboy Slim, David Byrne “, Jonathan Clay, Zach Chance, Justin Levine, Will Butler “ Suffs, Shaina Taub, Derek McLane, ” David Zinn, Tatiana Kahvegian, Robert Brill, Peter Nigrini, Takeshi Kata, David Korins, Riccardo Hernández, Lempicka, Tim Hatley, Finn Ross, Tom Scutt, Dede Ayite, Enver Chakartash, Emilio Sosa, Linda Cho, David Israel Reynoso, Paul Tazewell, “ Suffs, Isabella Byrd, Amith, Republic ” Jiyoun Chang, Jane Cox, Natasha Katz, Brandon Stirling Baker, “ Illinoise, ” Natasha Katz, ” Bradley King, David Bengali, Brian MacDevitt, Hana S, Kim, Justin Ellington, Stefania Bulbarella, Leah Gelpe, “ Mary Jane ” Tom Gibbons, ” Bray, Will Pickens, Ryan Rumery, Cody Spencer, Kai Harada, Nick Lidster, Gareth Owen, Daniel Aukin, Anne Kauffman, “ Mary Jane ” Kenny Leon, Lila Neugebauer, Whitney White, Maria Friedman, Michael Greif, ” Leigh Silverman, Jessica Stone, Annie, Parson, Camille A . Brown, Rick Kuperman, Jeff Kuperman, Justin Peck, Jesse Robb, Shana Carroll, Timo Andres, ” Will Butler, Justin Craig, Matt Hinkley, Tom Kitt, Adam Blackstone, Jonathan Tunick Organizations: CNN, Koch, Lincoln Center, Performing Arts, CBS, Paramount, “ Patriots, Lakota, Jamestown, ” Bray Poor Locations: New York City, Hinton, Republic, “

☆ How the Oilers blew out the Panthers to avoid a Stanley Cup sweep: 5 takeaways
▼ + stars: | 2024-06-15 | by ( Michael Russo | Daniel Nugent-Bowman | ) www.nytimes.com time to read: +9 min

Dylan Holloway added two goals for the Oilers, and Mattias Janmark, Adam Henrique, Darnell Nurse, Ryan Nugent-Hopkins and Ryan McLeod had the others. Instead, the Oilers became the fourth team in a row to win Game 4 to extend a series after dropping the first three games of a Stanley Cup Final. “It only counts as one win,” Panthers captain Aleksander Barkov said. He was in on all three goals the Oilers had in the middle frame, scoring once and adding two assists. Leon Draisaitl, Hyman and Nugent-Hopkins were all pointless — a big reason the Oilers were in their gigantic hole.

Persons: Connor McDavid, Yogi Berra, “ it’s, McDavid, Wayne Gretzky’s, Dylan Holloway, Mattias Janmark, Adam Henrique, Darnell Nurse, Ryan Nugent, Hopkins, Ryan McLeod, Stuart Skinner, Doug Gilmour’s, Evgeni Malkin, Vladimir Tarasenko, Aleksander Barkov, Conn Smythe, yY2beIXAwx — Michael Russo, Bob, Sergei Bobrovsky, Anthony Stolarz, Bobrovsky, Holloway, Zach Hyman, “, ” Darnell Nurse, eason, ince, enrique, tim e, nic, ove Organizations: EDMONTON —, Edmonton Oilers, ” Edmonton, Florida Panthers, Rogers, Wayne Gretzky’s NHL, Oilers, Panthers, Edmonton, Montreal Canadiens, New York Rangers, New Jersey Devils, ” Panthers, Boston Bruins, Eastern Conference, ” Oilers, ust, pla Locations: South Florida, goa

☆ Google-backed Tempus AI pops by as much as 15% in Nasdaq stock market debut
▼ + stars: | 2024-06-14 | by ( Riley De León | ) www.cnbc.com time to read: +1 min

Tempus AI, a health-care diagnostics company that uses AI to interpret medical tests to help physicians provide more accurate treatment for their patients, rose by as much as 15% in its Nasdaq Stock Market trading debut on Friday, after going public under the ticker symbol "TEM." Tempus AI priced 11.1 million shares at $37 apiece on Thursday, at the top of its initial $35 to $37 target range. Its early gains, if they hold, would place the company at a valuation of roughly $7 billion. Tempus believes that AI can help guide therapy selection and treatment decisions, in conjunction with the patient's doctor. "We're on a really good trajectory," Tempus AI CEO Eric Lefkofsky said on CNBC's "Squawk Box" Friday morning before shares started trading.

Persons: Eric Lefkofsky, we're Organizations: Nasdaq Stock Market

☆ UK tech bosses urge focus on AI skills and growth in high-stakes election — no matter who wins
▼ + stars: | 2024-06-11 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

Pa Images | Getty ImagesLONDON — British technology executives and entrepreneurs want the next government to focus on promoting skills around the development and use of artificial intelligence and growth-oriented fiscal measures. Upskilling in an AI ageOne thing U.K. tech executives are pushing for is fostering innovation in artificial intelligence and cultivating citizens' grasp on AI-centric skills — across multiple generations. Last month, dozens of business executives, entrepreneurs, and investors signed an open letter stating their support for Labour in the upcoming election. Leon Neal | Getty Images News | Getty ImagesSignatories included several influential names in the world of U.K. tech: Wikipedia founder Jimmy Wales, Founders Forum co-founder Jonathan Goodwin, and Atom Bank CEO Mark Mullen. Tech bosses CNBC spoke with found themselves unable to point to specific policies and plans from either of the main political parties.

Persons: Rishi Sunak, Sir Keir Starmer, Keir Starmer, Zahra, Salesforce, Einstein, Astro, Matthew Houlihan, Rachel Reeves, Angela Rayner, Leon Neal, Jimmy Wales, Jonathan Goodwin, Mark Mullen, Sunak, Liz Truss, Jeremy Hunt, Danny Lawson, Rishi Khosla, Khosla Organizations: Conservatives, Labour Party, LONDON, it's, Labour, CNBC, Innovation, Cisco, coy, Centre, Getty, Founders Forum, Atom Bank, BAE Systems, Tech Locations: Downing, Salesforce's, Europe, Purfleet, United Kingdom, Ukraine, British, Barrow, Furness, England

☆ Louis Vuitton: The Olympics embody our ‘DNA’
▼ + stars: | 2024-06-07 | by ( Issy Ronald | ) edition.cnn.com time to read: +4 min

And at next month’s upcoming Games, Louis Vuitton are hoping they too will become a hallmark of the same grand occasion. The Olympic and Paralympic medals will be housed in a Louis Vuitton trunk. Annie Leibovitz/Courtesy Louis VuittonLVMH – the luxury conglomerate that owns Louis Vuitton – spent €150 million ($163 million) on its sponsorship deal with the Olympics, Vogue reported citing sources, though calculating the precise returns on this investment is “difficult,” said Beccari. “We are very close to sport,” Beccari said, recalling the slogan “Victory travels in Louis Vuitton,” the fashion house used when one of its trunks housed the FIFA World Cup in 2010. From Louis VuittonWhile Louis Vuitton posted record profits last year and LVMH outperformed other luxury brands, the current economic environment with rising inflation leaving consumers with less disposable income poses challenges ahead, though Beccari downplayed such difficulties.

Persons: Louis Vuitton, Vuitton, —, Enzo Lefort, Léon Marchand, Pauline Déroulède, Marie Patouillet —, Stephanie Lecocq, Pietro Beccari, “, ” Beccari, ”, Roger Federer, Rafael Nadal, Louis Vuitton's, Annie Leibovitz, Louis Vuitton –, Louis, CNN “, Federer, Nadal, They’re, LVMH, Beccari Organizations: Paris CNN, Olympic, Paralympic Games, Seven, CNN, de Monaco, Louis, Olympics, Vogue, FIFA Locations: France, Louis, Paris, French, Europe

☆ Diamond industry 'in trouble' as lab-grown gemstones tank prices further
▼ + stars: | 2024-06-05 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +4 min

Diamond prices have fallen 5.7% so far this year, according to Zimnisky's rough diamond index, declining more than 30% from their all-time high in 2022. Lab-grown diamonds, which can be up to 85% cheaper than natural diamonds, are made in a controlled environment using extreme pressure and heat. Lab-grown diamond sales have surged from just 2% of the global diamond jewelry market in 2017 to 18.4% in 2023, according to data provided by Zimnisky. An industry 'in trouble'"The diamond industry is in trouble," Daga told CNBC, adding that he believes natural diamond prices could fall another 15%-20% over the next 12 months. Similar to a natural diamond, a lab-grown diamond is graded based on the 4Cs — clarity, color, cut and carat weight.

Persons: Leon Neal, Duncan Wanblad, De, Paul Zimnisky, De Beers, Marcelo Esquivel, Ankur Daga, Daga, Anish Aggarwal, Lionel Bonaventure Organizations: Afp, Getty, De, BHP, Financial Times, De Beers, CNBC, Daxue Consulting, Bloomberg, Zimnisky Locations: Harrods, London, De Beers, American, China, U.S

☆ Meet Angelina Jolie and Brad Pitt's 6 children
▼ + stars: | 2024-06-04 | by ( Olivia Singh | ) www.businessinsider.com time to read: +13 min

AdvertisementVivienne Jolie-Pitt, Angelina Jolie, Zahara Jolie-Pitt, and Shiloh Jolie-Pitt at the world premiere of "Eternals" at the El Capitan Theatre in Hollywood on October 18, 2021. On her 18th birthday on May 27, Shiloh filed to legally change her name to Shiloh Jolie, TMZ and People reported. Knox, Zahara, Pax, Jolie, Vivienne, and Shiloh at the world premiere of "Maleficent: Mistress of Evil" in 2019. AdvertisementShiloh Jolie-Pitt, Zahara Jolie-Pitt, Angelina Jolie, Vivienne Jolie-Pitt, Maddox Jolie-Pitt and Knox Jolie-Pitt at the UK premiere of "Eternals" on October 27, 2021 in London, England. Vivienne is listed as "Vivienne Jolie" in the Playbill, but it's unclear if she legally changed her name.

Persons: —, Angelina Jolie, Brad Pitt, Jolie, Pitt, Maddox Jolie, Maddox, Yoon Suk, Stefani Reynolds, Rath Vibol, Maddox Chivan Thornton Jolie, Billy Bob Thornton, he'll, Maleficent, Jason Merritt, Zahara, Joe Biden, Yoon Suk Yeol, Kim Keon Hee, Zahara Marley Jolie, Christopher Jue, Disney Jolie, Kung, Shiloh, Kevin Winter, Robert Procop, Vivienne Jolie, Zahara Jolie, Shiloh Jolie, Jon Kopaloff, Pax, Matt Sayles, Invision, Jolie's, Oprah, tracksuits, Marilla, Marilla Sicilia, Vivienne, Doja, Hamilton Evans, He's, he's, Brad, Pax Jolie, Pax Thien, JC Olivera, Knox, Knox Léon Jolie, Issei Kato, Knox Léon, Vivienne Marcheline, Leon, Marcheline, Vivi, Marie Claire, Princess Aurora, Tigress, Knox Jolie, Karwai Tang, Getty Images Knox, Viv, isn't Organizations: Service, Miraval, Business, South, White, Getty, Pitt Foundation, Netflix, Vogue, Pitt, FBI, Yonsei University, British Vogue, Japan, Disney, Entertainment, El Capitan Theatre, Lexus, Spelman College, Spelman's Alpha Kappa Alpha, AP Pitt, Fair, Rome, Pax Thien Jolie, JR, Museum, Tolerance, BBC, REUTERS, Getty Images, Marvel, People Locations: France, Washington ,, Cambodia, Pitt's, Seoul, South Korea, British, Tokyo, Japan, Zahara, Ethiopia, Shiloh, Hollywood, Atlanta, Marilla Sicilia, Vegas, Vietnam, Paris, Knox, Los Angeles, London, England

☆ Forget traveling to Europe. I get my fill of Spanish architecture, culture, and cuisine by visiting an excellent city in northeast Florida.
▼ + stars: | 2024-06-03 | by ( Megan Dubois | ) www.businessinsider.com time to read: +5 min

AdvertisementI made a point to visit the Villa Zorayda MuseumThe Villa Zorayda Museum was modeled after the Alhambra Palace in Spain. Megan duBoisI've passed by the Villa Zorayda Museum many times while exploring St. Augustine, but I'd never ventured inside until this visit. The Spanish influence is visible all over the city's architectureMore showcases of Spanish architecture can be found around the city. For a Spanish-inspired drink, I went straight to Columbia RestaurantI love the white sangria at Columbia Restaurant. I shared a pitcher of white sangria with two other people, and it was loaded with fresh citrus and a splash of Torres 10 brandy.

Persons: —, I've, Megan duBois I've, Augustine, I'd, Megan duBois, Ponce de Leon Hall, Leon Hall, Ponce de Leon, George Street, Castillo, San, Castillo de San, San Marcos — Organizations: Service, Business, Villa Zorayda, Villa Zorayda Museum, Ponce de, Leon, Ponce, Lightner, Museum, Spanish, Columbia, Historic District, San Marcos Locations: Spain, Barcelona, St, Augustine , Florida, Jacksonville, Granada, Moroccan, Ponce, Flagler, Ponce de, Spanish, Penedes, San Marcos, Castillo de San Marcos

☆ Tschabalala Self is an artist expanding what it means to paint
▼ + stars: | 2024-06-02 | by ( Suyin Haynes | ) edition.cnn.com time to read: +8 min

CNN —Both a source of inspiration and a place to ground herself, Harlem holds a special meaning for the artist Tschabalala Self. Tschabalala Self Paula Virta/Courtesy the artist/EMMA -- Espoo Museum of Modern ArtSelf’s own relationship with the concept of home has evolved in recent years. This conversation with the traditional western canon of painting is ongoing for Self, and influences other facets of her work. In thinking about the concept for “Lady in Blue,” Self considered the increased attention on monuments, particularly in recent years. But the commission also represents much more than the sculpture’s identity or physicality alone, added the artist.

Persons: Tschabalala, ”, Black, “, I’ve, —, Paula Virta, EMMA, Anthurium, ” Paula Virta, domesticity, it’s, Leon Neal, “ It’s, ” Tschabalala, EMMA – Organizations: CNN, Espoo Museum of Modern Art, Espoo Museum of Modern, MoMA, Hammer, Self, Saastamoinen, Museum of Modern Art Locations: Harlem, Manhattan, New York, Finland, ”, Espoo, New York City, Trafalgar, London, American

☆ Do this once a month and extend your life by 10 years. No gym required
▼ + stars: | 2024-05-31 | by ( Jessica Dulong | ) edition.cnn.com time to read: +11 min

“Art is one of our oldest creations (humans invented paint long before the wheel), one of the earliest means of communication (we drew long, long, long, long before we could write), and one of our most universal urges,” she wrote. But when you watch artists making art, it is a physical experience. Different art forms affect the brain and body in different ways. Just as when we are prescribed medications, (it’s true that) types, doses and durations of art work differently for different people. And just one art experience per month can extend your life by 10 years.

Persons: Susan Magsamen, ”, Ivy Ross, Bianca Bosker, “, Marco Brambilla’s, Leon Neal, Rothko, —, Cy, Benjamin Krantz, Bianca, Jessica DuLong Organizations: CNN, Research, Getty, Physicians, Viking CNN Locations: London, Houston, Brooklyn , New York

☆ Oil alliance OPEC+ could extend production cuts this weekend as focus shifts away from Middle East tensions, sources say
▼ + stars: | 2024-05-31 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +5 min

Thomas Coex | Afp | Getty ImagesThe oil-producing Organization of the Petroleum Exporting Countries and its allies could extend existing output cuts this week, delegates and analysts told CNBC, even as focus shifts from Middle East tensions to summer demand. OPEC+ producers are currently implementing a combined 5.86 million barrels per day of supply cuts. And then August is the peak month for tightness," Viktor Katona, lead crude analyst at Kpler, told CNBC. "However, I think that the market right now has priced in a full extension of the voluntary cuts. A high-inflation environment and tight monetary policy in turn reined in oil demand, but central banks have signaled readiness to lower interest rates in the second half of the year.

Persons: Thomas Coex, Viktor Katona, overproducers, Jorge Leon, Yemen's, Tamas Varga Organizations: Organization of, Petroleum, Afp, Getty, CNBC, Energy, Market Research, PVM Oil Associates, United Arab Emirates Locations: OPEC, Vienna, China, Iraq, Kazakhstan, Paris, Ukraine, Gaza, Red, Saudi Arabia, Russia, Guyana, Brazil, Canada

☆ Ignore Nvidia's '2000-like valuation' and ride the market's AI-driven momentum by making these 8 hot investments, according to a rally-calling professional trader
▼ + stars: | 2024-05-30 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Ironically, Salama sympathizes with Nvidia skeptics about the company's valuation, which he said is in "nosebleed territory." Stocks will shatter expectations — and recordsLike AI-focused companies, US stocks aren't cheap but can continue to charge higher. Other investments to consider are companies tied to AI champion Nvidia, including server builder Super Micro Computer (SMCI) and venerable computer company Dell (DELL). AdvertisementOutside AI, Salama is incredibly bullish about bitcoin (BTC) during its mammoth rally and companies tied to cryptocurrencies, including Coinbase (COIN) and Robinhood (HOOD).

Persons: —, Leon Cooperman, Cooperman, that's, John Salama, Salama, Salama's, doesn't, OpenAI Organizations: Service, Nvidia, Business, Trading, Microsoft, Apple, Micro, Dell, Coinbase Locations: bitcoin

☆ History shows how a UK election can impact the country's stock market
▼ + stars: | 2024-05-27 | by ( Jenni Reid | ) www.cnbc.com time to read: +4 min

Labour leader Tony Blair arriving in Downing Street after his election victory with crowds waving flags in the background, 2nd May 1997. The more domestically-oriented FTSE 250 has tended to outperform the FTSE 100 following elections, with stronger outperformance following Labour victories, it said. Leon Neal | Getty Images News | Getty ImagesAccording to Capital Economics, the U.K. stock market has faltered on five occasions under past Labour governments. Higgins also observed that the relative performance of U.K. stocks has "generally been underwhelming since 2010," when the Conservatives took office. Three could be attributed to the "unsustainability of fixed exchange rate regimes" between the 1930s and 1970s, one to the Great Financial Crisis, and the fifth to the 1976 Debt Crisis, he said.

Persons: Tony Blair, Jeff, Rishi Sunak, Rachel Reeves, Sir Keir Starmer, Angela Rayner, Leon Neal, John Higgins, Higgins, Labour's, Keir Starmer, Reeves, Venkatakrishnan, Liz Truss, Sunak Organizations: BBC News, Current Affairs, Labour Party, Labour, Conservative Party, Citi, Conservative, Centre, Getty, Capital Economics, Conservatives, Shadow, Economic, Barclays, C.S, CNBC Locations: Downing, Purfleet, United Kingdom, Davos

☆ South Africa has failed its Black majority. Nelson Mandela’s political heirs may pay the price
▼ + stars: | 2024-05-27 | by ( Hanna Ziady | ) edition.cnn.com time to read: +12 min

When South Africans vote Wednesday, an unhappy combination of rampant corruption, soaring joblessness, crippling power cuts and feeble economic growth will likely be top of mind. Black South Africans, who make up 81% of the population, are at the sharp end of this dire situation. ‘Elite enrichment’Under apartheid — and colonial rule before that — Black South Africans were violently oppressed and denied many basic human rights. Millions of South Africans still live in such informal settlements. “The poster child of this is the electricity sector.”For much of last year, South Africans were without power for at least some portion of the day.

Persons: ”, Nelson Mandela’s, —, Cyril Ramaphosa, Leon Sadiki, BEE, Moeletsi Mbeki, Thabo Mbeki, White, “, Tshediso Matona, Anders Pettersson, Black, …, Kganki Matabane, Matthew Parks, Matona, Mbeki, Ricardo Hausmann, Jacob Zuma, Haroon Bhorat, Michele Spatari, ” Bhorat, hasn’t, ANC “, Zuma, Ramaphosa, Cas Coovadia, Hausmann Organizations: Johannesburg CNN, National Congress, ANC, World Bank, Oxford Economics, Harvard University, Democratic Alliance, Bloomberg, Getty, South African Institute of International Affairs, Wits University, CNN, ”, BBEE, Black Business Council, South African Trade Unions, Harvard’s, University of Cape, South Africa’s Free, International Monetary Fund, Fitch, IMF, JPMorgan, Shell, Unilever, Business, Business Unity, Harvard Growth Locations: London, Johannesburg, Sudan, Africa, Alexandra, South Africa, Leon, Isipingo, KwaZulu, Natal, South, ”, University of Cape Town, loadshedding, Namahadi, Frankfort, Business Unity South Africa

Thank you for your patience while we verify access. Already a subscriber? Want all of The Times?

Organizations: The

Over a week ago, Taquería El Califa de León was simply one of Mexico City’s nearly 11,000 registered taco shops, though there are undoubtedly many more that aren’t. But it was mostly a locally known taco stand. That day, the Michelin Guide, the world’s most widely recognized arbiter of fine dining, released its first Mexican edition. Of the 18 establishments in Mexico awarded at least one Michelin star, many of them fancy restaurants, El Califa de León was the only street-food stand. (Outdoor food stands in other parts of the world have been awarded Michelin stars.)

Persons: Taquería El, León Organizations: taco, Michelin Locations: Mexico, El

A stage in northern Mexico where a presidential candidate was campaigning collapsed after a gust of wind blew through the area on Wednesday night, leaving at least five people dead and at least 50 others injured, a state governor said. The stage collapsed in a suburb of Monterrey, in the state of Nuevo León, during an event attended by the progressive candidate Jorge Álvarez Máynez and other members of the Citizens’ Movement party. The collapse was caused by strong wind, President Andrés Manuel López Obrador of Mexico said on social media. Samuel García, the governor of Nuevo León, announced the deaths and injuries in a news conference. The stage, which had been erected on a baseball field in the city of San Pedro Garza García, was the site of a campaign event for the Citizens’ Movement party’s candidate for the city’s mayoral election, Lorenia Canavati.

Persons: Jorge Álvarez Máynez, Andrés Manuel López Obrador, Samuel García, San Pedro Garza García, Lorenia Canavati Organizations: Citizens ’ Movement Locations: Mexico, Monterrey, Nuevo León, San

☆ 9 dead, 54 injured as wind causes stage collapse at Mexico election rally
▼ + stars: | 2024-05-23 | by ( Michael Rios | ) edition.cnn.com time to read: +2 min

CNN —Nine people were killed and a presidential candidate was briefly taken to hospital after a stage collapsed under heavy winds at a campaign rally in Mexico on Wednesday. Candidate Jorge Álvarez Máynez said he was not injured in the incident, which happened during his campaign event in the northeastern city of San Pedro Garza García. The governor of Mexico’s Nuevo Leon state said at least 54 people were injured and rescue operations were ongoing to save some of the people trapped under the collapsed stage. Álvarez Máynez later said he was suspending all campaign activities after the collapse but would remain in the state to monitor the situation and victims. The presidential candidate said an investigation into the incident would take place.

Persons: Jorge Álvarez Máynez, San Pedro Garza García, Samuel García, Máynez, Álvarez Máynez, ” Álvarez Máynez, Alberto Lopez, ”, Governor García Organizations: CNN, Security, Civil Defense Locations: Mexico, San, Mexico’s Nuevo Leon, San Pedro

☆ Shock summer election in Britain predicted to deliver 'historic' result
▼ + stars: | 2024-05-23 | by ( Jenni Reid | ) www.cnbc.com time to read: +4 min

British Prime Minister Rishi Sunak makes a statement in the rain outside 10 Downing Street, announcing the UK general election will take place on 4 July in London, United Kingdom on May 22, 2024. News of the vote came as a surprise to the public, the media and much of Sunak's own party. 'As good as it gets'Bronwen Maddox, director of Chatham House think tank, said the election date had shocked many Conservatives who thought it would be held nearer to the U.S. election in November. Market bets on an interest rate cut in the summer fell as a result, and it now looks unlikely the central bank will cut on June 20, its last meeting before the election. So if that translates to a general election as well, then that Labour landslide is looking much less certain."

Persons: Rishi Sunak, Sunak, Price, Bronwen Maddox, I'm, Maddox, Rachel Reeves, Sir Keir Starmer, Angela Rayner, Leon Neal, James, Hannah Bunting, CNBC's, Tony Blair, John Major, Bunting, we've Organizations: British, Anadolu, Getty, Conservative Party, Conservatives, Labour Party, Downing, Bank of England, Chatham House, CNBC, Bank of England's, Labour, Centre, University of Exeter Locations: London, United Kingdom, U.K, Europe, Gaza, Rwanda, Purfleet

☆ Amazon, Meta back Scale AI in $1 billion funding deal that values firm at $14 billion
▼ + stars: | 2024-05-21 | by ( Riley De León | ) www.cnbc.com time to read: +1 min

Artificial intelligence startup Scale AI said Tuesday that it has raised $1 billion in a Series F funding round that values the enterprise tech company at $13.8 billion — almost double its last reported valuation. 12 on this year's CNBC Disruptor 50 list, has now raised $1.6 billion to date. Existing investors including Y Combinator, Nat Friedman, Index Ventures, Founders Fund, Coatue, Thrive Capital, Spark Capital, Nvidia, Tiger Global Management, Greenoaks, and Wellington Management also participated in the round. Scale AI is playing a key role in the rise of generative artificial intelligence and large language models, with the data — whether it is text, images, video or voice recordings — needing to be labeled correctly before it can be digested and used effectively by AI technology. Scale AI has evolved from labeling data used to train models that powered autonomous driving to now helping to improve and fine tune the underlying data for nearly any organization looking to implement AI, powering some of the most advanced models in use.

Persons: Elad Gil, Y Combinator, Nat Friedman, Alexandr Wang Organizations: CNBC, Accel, Cisco Investments, Intel Capital, ServiceNow Ventures, AMD Ventures, WCM, Color Genomics, Meta, Ventures, Founders Fund, Spark Capital, Nvidia, Tiger Global Management, Wellington Management Locations: San Francisco, AGI

London CNN —WikiLeaks founder Julian Assange will find out Monday whether he can make a final challenge against his extradition to the United States. LEON NEAL/AFP/Getty Images Assange attends a seminar at the Swedish Trade Union Confederation in Stockholm on August 14, 2010. LEON NEAL/AFP/Getty Images Assange and his bodyguards are seen after a news conference in Geneva, Switzerland, in November 2010. Carl Court/Getty Images Assange speaks to the media in May 2017, after Swedish prosecutors had dropped their investigation of rape allegations against Assange. Jack Taylor/Getty Images Assange was seen for the first time in months during a hearing via teleconference in Quito, Ecuador, in October 2018.

Persons: Julian Assange, Assange, Victoria Sharp, Jeremy Johnson —, Stella Assange, ” “ Julian, ”, Kristinn Hrafnsson, Jack Taylor, LEON NEAL, BERTIL ERICSON, FABRICE COFFRINI, Carl Court, Geoff Caddick, Oli Scarff, CARL COURT, Leon Neal, Philip Toscano, Ricardo Patino, Frank Augstein, David Paul Morris, John Stillwell, Mike, Pompeo, Maria Sol Borja, Chelsea Manning, Alastair Grant, Daniel Leal, Elizabeth Cook, Anthony Albanese, “, Albanese’s, Joe Biden, Trump, Biden, Sunna, it’s, Alan Rusbridger Organizations: London CNN, Foreign Press Association, Court, European, of Human Rights, WikiLeaks, Guardian, Getty, Swedish Trade Union Confederation, St, Paul's, British, Ecuadorian Embassy, Oxford Union Society, Ecuadorian Foreign, Southwest Festival, Bloomberg, United Nations Human Rights, United, United Nations, CIA, CNN, Army, Ecuadorian, Ecuador, Southwark Crown, Australian, Parliamentary, of Europe, Prospect Magazine Locations: United States, London, Westminster, Afghanistan, AFP, Stockholm, Iraq, Geneva, Switzerland, Sweden, Ecuador, Austin , Texas, Ecuadorian, United Nations, United Kingdom, Quito, Southwark, London’s, Australia

☆ Opinion | The Underappreciated Genius of ‘Planet of the Apes’
▼ + stars: | 2024-05-18 | by ( Jamelle Bouie | ) www.nytimes.com time to read: +2 min

There is no franchise in Hollywood filmmaking that is as consistently good, and as consistently interesting, as “Planet of the Apes.”I feel very strongly about this, and not because I am an admitted enthusiast of genre filmmaking. Like any long-running series, “Planet of the Apes” — which spans 10 films and more than 50 years — has its lows. If you somehow are not familiar with the premise of “Planet of the Apes,” it is surprisingly straightforward. The first five films, beginning with 1968’s “Planet of the Apes” and concluding with 1973’s “Battle for the Planet of the Apes,” tell the story of the fall and rise (and fall again, perhaps) of ape society. When the apes finally arrive — as predators hunting a roving band of humans — it is in a kinetic sequence of genuine intensity.

Persons: —, Charlton Heston, Franklin J . Schaffner, “ Patton, Leon Shamroy, Cleopatra ”, Taylor Organizations: Hollywood, of

Search resuls for: "Leon"

25 mentions found