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☆ Biden is skipping a Super Bowl interview for the second year in a row. It’s part of a larger media strategy
▼ + stars: | 2024-02-06 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

New York CNN —President Joe Biden will be sitting on the sidelines this Sunday as the campaign for the 2024 election heats up. Regardless, the Super Bowl snub reflects a larger Biden strategy: The president is leaning far less than his predecessors on the traditional media apparatus to get his message out, opting instead for alternative mediums to address the American people. “We are being less traditional because less people get their news from traditional mediums than ever before,” the Biden campaign official said. Biden’s media strategy has renewed such questions, with critics skewering him for keeping an arm’s length from the establishment press. While the president has regularly engaged in gaggles with the White House press corps, such forums don’t naturally lend themselves to the type of aggressive questioning that might come in a sit-down interview.

Persons: Joe Biden, Biden, ”, Conan O’Brien, Anderson Cooper, skewering, Scott Pelley, Fareed Zakaria, “, ” Andrew Bates, Martha Kumar, Donald Trump, Barack Obama, Frank Sesno —, George Washington, Public Affairs —, ” Sesno, he’s Organizations: New York CNN, White, CBS News, Biden, YouTube, South, “, CNN, White House, CNN White House, George Washington University’s School of Media, Public Affairs Locations: New York, South Carolina

☆ Powell says Fed still expects to make 3 interest rate cuts this year
▼ + stars: | 2024-02-05 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

The Federal Reserve in December forecast three interest rate cuts in 2024. In a "60 Minutes" interview, Fed Chair Jerome Powell said nothing has "dramatically" changed since. AdvertisementIn a "60 Minutes" interview on Sunday, Fed Chair Jerome Powell said that the Federal Reserve's December 2023 forecasts for three interest rate cuts this year remain the same. AdvertisementSince July, the Fed interest rate has sat at 5.25% to 5.5%. But despite a strong labor market and cooling inflation, Powell said in the interview that the Fed wants to see "more evidence that inflation is moving sustainably down to 2%" to make interest rate cuts sooner.

Persons: Jerome Powell, Powell, —, Scott Pelley, Pelley, presser, Donald Trump Organizations: Federal Reserve, Service, Federal, Market Committee, Associated Press, Bank of America, Fed, Fox News

☆ Ron Insana: The Fed may take a slow approach to rate cuts, but this is still a good economy
▼ + stars: | 2024-02-05 | by ( Ron Insana | ) www.cnbc.com time to read: +3 min

A trader works, as a screen displays a news conference by Federal Reserve Board Chair Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange on Dec. 13, 2023. That is, the Fed is pivoting toward cutting interest rates — not in March but sometime later in the year — and the central bank is expecting to reduce short-term interest rates three times in 2024. I never believed that the Fed would cut interest rates in March nor cut them as many as six times this year. While it's often said that interest rates go up an escalator and come down in an elevator, I believe this cycle will show itself to work in reverse. That, of course, could change should the economy slow significantly, or should the unemployment rate rise rapidly.

Persons: Jerome Powell, Brendan Mcdermid, Powell, Scott Pelley, We're, Pelley, it's Organizations: Federal Reserve, New York Stock Exchange, Reuters, Federal, Committee, Fed Locations: United States

☆ Jim Cramer says there's money to be made before the Fed cuts rates
▼ + stars: | 2024-02-05 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Monday unpacked Federal Reserve Chairman Jerome Powell's comments on inflation, saying that even though it's unclear when rates will come down, there is money to be made in the interim. He encouraged investors to buy stocks and not just keep money in lower-risk investments. "I'm beginning to believe that the biggest money will be made between this period where the Fed's holding pat and the moment where we get the first rate cuts," Cramer said. After the Federal Reserve's meeting last week, Powell said the central bank would cut rates sometime this year, but not likely in March, when many on Wall Street expected. Cramer conceded that some investors think stocks are a reckless option until the Fed starts cutting.

Persons: CNBC's Jim Cramer, Jerome Powell's, Cramer, Powell, Scott Pelley Organizations: Wall, Fed

☆ Premarket stocks: Main Street is still investing like it’s 2023
▼ + stars: | 2024-02-05 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +10 min

Before the Bell spoke to Joe Mazola, director of Schwab Trader Education, about the growing importance of retail investors in markets, where Main Street is investing and why people are still enamored with Elon Musk. Why is it so important to single out retail investors and track where they’re putting their money? Is there a big difference between what retail investors and institutional investors are doing right now? That means the Fed is due to cut rates in 2024, which officials themselves projected in December. We just want some more confidence before we take that very important step of beginning to cut interest rates,” he told “60 Minutes” correspondent Scott Pelley.

Persons: Elon Musk’s, Tesla, Charles Schwab, Schwab, Bell, Joe Mazola, Elon Musk, Joe Mazzola, it’s, they’re, there’s, They’ve, Powell, Jerome Powell, “ We’ve, ” Powell, ”, Price, “, Scott Pelley, Read, 23andMe, Anne Wojcicki, ” Wojcicki, they’ve, Wojcicki Organizations: CNN Business, Bell, New York CNN, Tesla, Big Tech, Nvidia, Amazon, Microsoft, Devices, Schwab Trader Education, Elon, Treasury, Federal Reserve, Investors, CBS, Fed, Nasdaq, CNN Locations: New York, Street, Silicon Valley

☆ Powell insists the Fed will move carefully on rate cuts, with probably fewer than the market expects
▼ + stars: | 2024-02-04 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Federal Reserve Chair Jerome Powell holds a press conference following the release of the Fed's interest rate policy decision at the Federal Reserve in Washington, U.S., January 31, 2024. Federal Reserve Chair Jerome Powell vowed in an interview aired Sunday that the central bank will proceed carefully with interest rate cuts this year and likely will move at a considerably slower pace than the market expects. "We want to see more evidence that inflation is moving sustainably down to 2%," Powell added. We just want some more confidence before we take that very important step of beginning to cut interest rates." Powell was broadly optimistic about the economy, noting that inflation, while still above the Fed's target, has moderated while the jobs market is strong.

Persons: Jerome Powell, Powell, wouldn't, Scott Pelley, payrolls, hasn't, haven't Organizations: Federal Reserve, Federal, CBS, Labor Department Locations: Washington , U.S, Jackson Hole , Wyoming

☆ Fed Chair Powell: The ‘time is coming’ for a rate cut
▼ + stars: | 2024-02-04 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

New York CNN —Federal Reserve Chair Jerome Powell said the time is coming for interest rate cuts, but asked Americans for a bit more patience in the central bank’s fight against inflation. That means the Fed is due to cut rates in 2024, which officials themselves projected in December. But the central bank’s January policy statement pushed back on expectations of the first rate cut coming at their next meeting in March. Still, financial markets see a 20% chance the Fed will cut rates in March and a 71.3% chance they cut in May, according to the CME FedWatch Tool. But that hasn’t stopped Congress from pressuring Powell to cut rates.

Persons: Jerome Powell, “ We’ve, ” Powell, ”, Price, Powell, “, Scott Pelley, can’t, hasn’t, Democratic Sen, Sherrod Brown, ” Brown, Brown, Elizabeth Warren, we’re Organizations: New, New York CNN — Federal, CBS, Fed, Federal Reserve, Governors, Democratic, Banking, New York Community Bancorp, New York Community Locations: New York, Street, Ukraine, Asia, ”

☆ Biden to Sit Out Super Bowl Interview for Second Year in a Row
▼ + stars: | 2024-02-03 | by ( Michael M. Grynbaum | More About Michael M. Grynbaum | ) www.nytimes.com time to read: +1 min

President Biden is sitting out the Super Bowl for the second year in a row. In a tradition dating to 2009, presidents have recorded an interview with the network that broadcasts the Super Bowl, although there have been exceptions. Last year, Mr. Biden declined to appear on Fox, home of cable hosts like Sean Hannity who are sharply hostile toward him. But the White House has been receptive to CBS News in the past. “We hope viewers enjoy watching what they tuned in for — the game,” Ben LaBolt, the White House communications director, said in a statement on Saturday.

Persons: Biden, Donald J, Trump, Sean Hannity, Norah O’Donnell, Scott Pelley, ” Ben LaBolt Organizations: Super Bowl, CBS, White, NBC, Fox, CBS News, White House

☆ Austria's Wiesberger rejoins DP World Tour after LIV spell
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +1 min

Aug 12, 2023; Bedminster, New Jersey, USA; Bernd Wiesberger plays his shot from the third tee during the second round of the LIV Golf Bedminster golf tournament at Trump National Bedminster. Wiesberger, an eight-time winner on the European tour, left to join LIV in 2022. The 38-year-old lost his contract after finishing 41st in the individual standings in the 2023 LIV season and became a free agent. The DP World Tour said Wiesberger had fulfilled all sanctions imposed on him for competing in the rival tour. "Consequently, his request for reinstatement has been granted by DP World Tour Chief Executive Keith Pelley, in accordance with the procedure set out in the Members' Regulations," the DP World Tour said in a statement.

Persons: Bernd Wiesberger, Vincent Carchietta, LIV, Wiesberger, Keith Pelley, Aadi Nair, Ken Ferris Organizations: Bedminster, Trump National Bedminster, DP, Thomson Locations: Bedminster , New Jersey, USA, Austrian, Saudi Arabia, Bengaluru

☆ China has stolen more personal and corporate information than every other country in the world combined, FBI director says
▼ + stars: | 2023-10-23 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

He told 60 Minutes that China has stolen more US data "than every nation, big or small, combined." Stolen more of our personal and corporate data than every nation, big or small, combined," Wray told 60 Minutes' Scott Pelley in an interview that aired on Sunday. Wray told Pelley China's intelligence work poses a significant threat to the US. "You seem to be saying that the Chinese government is running a criminal enterprise," Pelley told Wray during the interview. In a statement to 60 Minutes, China said it "firmly oppose the groundless allegations and smears" by the news program's interviewees.

Persons: Christopher Wray, Wray, —, Scott Pelley, Pelley, that's, Wang Wenbin, Wang, Richard Moore, Moore, Politico's Anne McElvoy . Organizations: Service, Street Journal, China's, Journal, Embassy, Foreign Ministry, China's Foreign Locations: China, Canada, Australia, New Zealand, Cuba, Washington

And based on what I’ve seen, it appears as though it was done by the other team, not you. And Americans are worried,” Biden told Netanyahu as they began a bilateral meeting, acknowledging the complex dynamic. Hospital blast looms over tripThe trip comes less than a day after a horrifying blast at Al-Ahli Baptist Hospital in Gaza City. Biden landed in Israel on October 18, on a solidarity visit following Hamas attacks that have led to major Israeli reprisals. “The Jews have been subject to abuse, prejudice and attempts to wipe them out for, oh, God, over a thousand years,” Biden told interviewer Scott Pelley.

Persons: Joe Biden, ”, Biden, Israel –, Benjamin Netanyahu –, ” Biden, Netanyahu, “, ” Netanyahu, Israel, you’ve, King Abdullah II of Jordan, Abdel Fattah el, Mahmoud Abbas, –, Abbas, Benjamin Netanyahu, Evan Vucci, Israel “, Isaac Herzog, CNN Israel readies, Brendan Smialowski, BRENDAN SMIALOWSKI, Brednan Smialowski, it’s, John Kirby, Netanyahu’s, ’, ” Kirby, Scott Pelley, It’s Organizations: CNN, Israel, Tel Aviv Wednesday, Ahli Baptist Hospital, Palestinian, Defense Intelligence Agency, Malaysia Airlines Flight, Hamas, Air Force, Israeli, United, ” Israel, Tel Aviv's, Getty, National Security, Advisers Locations: Israel, Gaza City, Gaza, Tel Aviv, United States, Iran, Jordan, Al, Ahli, Jihad, Russian, Ukraine, Egypt, Tel Aviv's Ben Gurion, AFP, –, Dachau

☆ Biden says US troops don't need to be deployed into Israel, but guarantees to 'provide them everything they need'
▼ + stars: | 2023-10-16 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

President Joe Biden doesn't think US troops need to be sent to Israel. In a 60 Minutes interview, Biden said "Israel has one of the finest fighting forces." Biden also said the US would support Israel by giving them "everything they need." AdvertisementAdvertisementPresident Joe Biden doesn't think the US needs to deploy troops into Israel. Israel has one of the finest fighting forces in the country," Biden told 60 Minutes' Scott Pelley in an interview that aired on Sunday.

Persons: Joe Biden doesn't, Biden, —, Scott Pelley, Biden's, John Kirby, Kirby, Pelley, Lloyd Austin, Yoav Gallant Organizations: Service, White, National Security, Fox News, Hamas, Palestinian, Pentagon, US Navy, Defense, Israel, ISIS, Civilian Locations: Israel, States, Gaza

☆ Biden says a Palestinian state should be established and Hamas eliminated entirely
▼ + stars: | 2023-10-16 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +2 min

President Joe Biden called Hamas' attacks on Israel "pure barbarism" in a 60 Minutes interview. He said the group needed to be eliminated while also calling for a Palestinian state. AdvertisementAdvertisementPresident Joe Biden on Sunday said Hamas should be eliminated entirely while also calling for a path to establish a Palestinian state. During a 60 Minutes interview that aired Sunday, Biden reaffirmed his denunciation of Hamas' surprise attack on Israel that occurred on October 7. The president also said Hamas should be eradicated after 60 Minutes correspondent Scott Pelley asked if he believed the group should be "eliminated entirely."

Persons: Joe Biden, Biden, —, Scott Pelley, Israel Organizations: Service, Sunday Locations: Israel, Palestinian, Palestine, Lebanon

☆ Biden warns Israel against occupying Gaza as ground invasion appears near
▼ + stars: | 2023-10-15 | by ( Kyle Feldscher | ) edition.cnn.com time to read: +3 min

CNN —President Joe Biden warned Israel against occupying Gaza in one of his most notable public calls for restraint as the Israelis respond to this month’s terror attacks by Hamas. In an interview with CBS’ “60 Minutes” that aired Sunday, Biden said it would be a “big mistake” for Israel to occupy Gaza. Israel has been signaling it is preparing for a ground invasion of Gaza, even as a humanitarian crisis grows inside the coastal Palestinian enclave. “What happened in Gaza, in my view, is Hamas and the extreme elements of Hamas don’t represent all the Palestinian people,” Biden told interviewer Scott Pelley. In its response, Israel unleashed a massive bombing campaign against the northern Gaza Strip, from which Hamas launched its attack.

Persons: Joe Biden, Biden, ” Biden, Scott Pelley, Michael Herzog, CNN’s Jake Tapper, “, ” Herzog, ”, …, Pelley, ” “ Organizations: CNN, CBS, Palestinian, Hamas Locations: Gaza, Israel, United States, Palestinian, Iran

☆ Biden speaks with families of Americans unaccounted for in Israel
▼ + stars: | 2023-10-13 | by ( Betsy Klein | ) edition.cnn.com time to read: +7 min

Washington CNN —President Joe Biden on Friday spoke with the families of the Americans who remain unaccounted for in Israel after promising to speak with family members of those who are held hostage by Hamas. The family members joined Biden from both Israel and the US for the video call, a source familiar with the conversation told CNN. It made for a large gathering, as multiple family members joined from different locations in some cases. We are confident that we are in good hands,” she said on “The Situation Room.”Cohen noted that she has many other family members unaccounted for. The US is in “direct communication” with Israeli counterparts and the families, Kirby told CNN’s Poppy Harlow on Friday morning.

Persons: Joe Biden, Biden, “, ”, John Kirby, Biden “, Roger Carstens, Kirby, ” Kirby, Saray Cohen, CNN’s Wolf Blitzer, ” Cohen, CBS ’ Scott Pelley, ” Biden, White, CNN’s Poppy Harlow, Antony Blinken Organizations: Washington CNN, National Security, Biden, CNN, CBS, FBI, Pentagon Locations: Israel, Philadelphia, United States, America, Gaza, Qatar, Afghanistan, Iraq

☆ LIV Golf loses its bid to earn ranking points over questions about a closed shop
▼ + stars: | 2023-10-10 | by ( ) www.cnbc.com time to read: +5 min

LIV Golf is playing only for cash, not world ranking points, after the Official World Golf Ranking board determined it could not fairly measure the 48-man league with the other 24 tours around the world. LIV Golf made its debut in June 2022, and the lack of world ranking points has taken an enormous toll. Among those no longer in the top 100 are Dustin Johnson, Bryson DeChambeau and Talor Gooch, who has three LIV Golf victories this year. LIV Golf can reapply to be part of the OWGR system, though the board made it clear that turnover, objective access to LIV Golf and relegating players who don't perform remain key points in getting ranking points. There's also the matter of the PGA Tour, European tour and Saudi backers of LIV Golf (Public Investment Fund) working out a commercial partnership announced in June.

Persons: LIV, LIV Golf, OWGR, Peter Dawson, They're, Jay Monahan, Keith Pelley, Keith Waters, Dawson, Phil Mickelson, Lee Westwood, Bubba Watson, Paul Casey, Ian Poulter, — Andy Ogletree —, Mito Pereira, Thomas Pieters, Cameron Smith, Smith, Brooks Koepka, Dustin Johnson, Bryson DeChambeau, Talor Gooch, Sergio Garcia, Sebastian Munoz, Koepka, Munoz, There's Organizations: Centurion, The Associated Press, International Federation of PGA, Augusta National, PGA of America, U.S . Golf Association, LIV, League, PGA Tour, British, Investment Fund Locations: St Albans, London, Saudi, U.S, Florida

☆ New Zealand's Fox wins BMW PGA Championship
▼ + stars: | 2023-09-17 | by ( ) www.reuters.com time to read: +1 min

[1/5] Golf - European Tour - BMW PGA Championship - Wentworth, Virginia Water, Britain - September 17, 2023 New Zealand's Ryan Fox celebrates with the trophy after winning the BMW PGA Championship alongside CEO of the PGA European Tour, Keith Pelley Action Images via Reuters/Paul Childs Acquire Licensing RightsSept 17 (Reuters) - New Zealander Ryan Fox recovered from an early triple bogey to claim victory in the BMW PGA Championship at Wentworth on Sunday, finding a birdie on the last hole to win by one stroke. Fox began the day three shots adrift and when he dropped three shots at the third he looked out of contention. World number two Rory McIlroy caught fire in his fourth round with a 65 to finish at 13 under. Fox had never managed a top-10 finish at the Wentworth event but arrived in good form after a finishing tied third at last week's Horizon Irish Open. He is the first New Zealander to win the tournament.

Persons: Ryan Fox, Keith Pelley, Paul Childs, Zealander Ryan Fox, Fox, Tyrrell Hatton, Aaron Rai, Jon Rahm, Viktor Hovland, Tommy Fleetwood, Rory McIlroy, Martyn Herman, Pritha Sarkar Organizations: BMW, Wentworth, BMW PGA, PGA European, Zealander, Ryder, Thomson Locations: Wentworth , Virginia Water, Britain

NEW YORK (AP) — The iconic stopwatch won't be reset, but for six episodes this fall, “60 Minutes” will become 90 minutes. Political Cartoons View All 1154 ImagesMore than a half century in, “60 Minutes” remains the most popular show in television news. “60 Minutes” has almost completely turned over its correspondent corps since its glory years, with Lesley Stahl remaining as the elder stateswoman. It's almost a defiant normalcy.”Besides Whitaker, Stahl, Vega and Pelley, the current “60 Minutes” correspondent team includes Sharyn Alfonsi, Anderson Cooper and Jon Wertheim. “I think Morley would be proud of this show.”

Persons: “, Bill Owens, George Cheeks, Owens, ”, Bill Whitaker, That's, Lesley Stahl, Cecilia Vega, ” Owens, Vega, Whitaker, Scott Pelley —, Edward R, Murrow, ” Whitaker, Stahl, Alfonsi, Anderson Cooper, Jon Wertheim, Pelley, Morley Organizations: CBS, NFL, Hollywood, Nielsen, ABC, U.S ., “ Locations: Coast, Isle of, Poland, Russia, Ukraine, Russian, Europe, U.S

☆ PGA Tour and LIV Golf: Newly obtained document details framework agreement between the sport’s leading organizations
▼ + stars: | 2023-06-28 | by ( Jill Martin | ) edition.cnn.com time to read: +5 min

CNN —On June 6, a shocking announcement was made by the PGA Tour sending reverberations around the golf world. On Monday, multiple news outlets started to circulate the framework agreement that had been quietly made by those groups. CNN has since obtained a copy of the framework agreement. The document was sent to Congress on Monday, according to a source with knowledge of the framework agreement. Lawmakers are inviting Monahan, Al-Rumayyan and LIV Golf CEO Greg Norman to testify at the hearing.

Persons: LIV, ”, ” PIF, Prince Mohammed bin Salman, “ NewCo, OWGR’s criterial, LIV Golf, Jay Monahan, Yasir Al, Keith Pelley, Monahan, Greg Norman, Patrick Cantlay, Rory McIlroy, Charley Hoffman, Peter Malnati, Webb Simpson Organizations: CNN, PGA, Public Investment Fund, LIV Golf, US Department of Justice, PGA Tour, Wall Street, Investigations, Rocket, “, Management, TOUR’s Locations: Saudi, NewCo, Al, Detroit

☆ Here's how a merger between PGA Tour and LIV Golf would be structured
▼ + stars: | 2023-06-27 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

In a five-page agreement obtained by CNBC, the parties — the PGA Tour, the Saudi Arabia Public Investment Fund and Europe's DP World Tour — agreed to create a for-profit subsidiary of the PGA Tour. The new entity will manage commercial assets for all of the tours, while the PGA Tour will manage competitions. The tentative merger agreement was signed by PGA Tour Commissioner Jay Monahan, DP World Tour CEO Keith Pelley and PIF's Yasir al-Rumayyan. The lawsuits came after multiple high-profile players including Phil Mickelson left the PGA Tour for LIV. The PGA Tour has said its executives would testify at the hearing, although it is unclear if Monahan will be present.

Persons: LIV, —, Muhammed bin Salman, Jay Monahan, Keith Pelley, PIF's Yasir al, LIV Golf, Phil Mickelson, " Monahan, Sen, Richard Blumenthal, Ron Johnson, Monahan Organizations: PGA Tour, CNBC, Saudi Arabia Public Investment Fund, Tour, Public Investment Fund, PGA, Senate Homeland Security Locations: Saudi, United States

☆ Jon Rahm says members of PGA Tour feel ‘betrayal’ after partnership with LIV Golf
▼ + stars: | 2023-06-14 | by ( Ben Morse | ) edition.cnn.com time to read: +5 min

2 Jon Rahm has said “a lot” of players on the PGA Tour feel “betrayal” after the shock announcement of its partnership with LIV Golf. The decisions of some players to leave the established PGA Tour and DP World Tour to sign up with LIV Golf last year were met with consternation by many others. Now, with the two sides uniting once again, it opens questions about LIV Golf players’ eligibility for this year’s Ryder Cup which begins in September. Rahm has been a strong advocate of allowing LIV Golf players to be allowed to compete in the biennial tournament. However, players who left to join LIV Golf resigned their DP World Tour membership to do so.

Persons: Jon Rahm, LIV Golf, ”, “, “ It’s, that’s, Jay Monahan, LIV Golf’s, –, Rahm, It’s, Kelley I’m, Scottie Scheffler, don’t, Scheffler, I’m, There’s, ” Rahm, Richard Heathcote, LIV, Keith Pelley, Team Europe’s, Rahm’s, Sergio Garcia, Garcia, Luke Donald, Luke Organizations: CNN, Tour, Rahm, Los Angeles Country Club, Senate, PGA, Saudi Arabia’s Public Investment Fund, Getty, LIV Golf, Team Europe, Reuters, Team, US Ryder, America Locations: California, Europe

☆ PGA Tour-LIV deal leaves golf world facing plenty of unknowns
▼ + stars: | 2023-06-07 | by ( Frank Pingue | ) www.reuters.com time to read: +4 min

But while they could one day find themselves members of the PGA Tour again, those who joined LIV Golf may get a frosty welcome from those competing on the U.S.-based circuit. The people that left the PGA Tour irreparably harmed this Tour, started litigation against it," world number three McIlroy said on Wednesday. Another unknown is how the golf calendar will look under the framework of the merger or whether the LIV Golf League team-based competition will even exist after its 2023 season. Typically, a resigned player who wants to rejoin the DP World Tour for the 2023 season would have had to give their notification by May 1 of this year. DP World Tour CEO Keith Pelley said subsequent requests would require proof of an exceptional circumstance to be allowed, something he said would "be difficult and highly unlikely that that would happen."

Persons: LIV, Rory McIlroy, Phil Mickelson, Brooks Koepka, Dustin Johnson, Cam Smith, McIlroy, that's, LIV Golf, Greg Norman's, Tiger Woods, Norman, Jay Monahan, Monahan, Keith Pelley, Frank Pingue, Toby Davis Organizations: PGA, Saudi Arabia Public Investment Fund, Hall of Fame, PGA Tour, LIV Golf, LIV Golf League, Saudi, European, European Ryder, U.S, PGA of America, Ryder Cup Europe, Thomson Locations: Saudi, Toronto, Rome

☆ PGA Tour agrees to merge with Saudi-backed rival LIV Golf
▼ + stars: | 2023-06-06 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +13 min

The PGA Tour has agreed to merge with Saudi-backed rival LIV Golf in a deal that would see the competitors squash pending litigation and move forward as a larger golf enterprise. With LIV Golf in the midst of its second, groundbreaking season, the PGA TOUR, DP World Tour and PIF will work together to best feature and grow team golf going forward. PIF will initially be the exclusive investor in the new entity, alongside the PGA TOUR, LIV Golf and the DP World Tour. Separately, PGA TOUR Inc. will remain in place as a 501(c)(6) tax exempt organization and retains administrative oversight of events for those assets contributed by the PGA TOUR, including the sanctioning of events, the administration of the competition and rules, as well as all other "inside the ropes" responsibilities, with Jay Monahan as Commissioner and Ed Herlihy as PGA TOUR Policy Board Chairman. The DP World Tour and LIV Golf will retain similar administrative oversight of events on their respective Tours.

Persons: LIV, LIV didn't, Yasir Al, Rumayyan, Jay Monahan, PIF, CNBC'S David Faber, LIV Golf, Brooks Koepka, Phil Mickelson, Bubba Watson, Monahan, Team Captain Brooks Koepka, Ricky Elliott, Osama Bin Laden, Donald Trump, nobody's, Trump, CNBC's David Faber, Jessica Golden, Kevin Durant, James Pitaro, LIV –, we've, Jay, Keith, Ed Herlihy, Herlihy, Jimmy Dunne, Keith Pelley Organizations: Nexstar, Nexstar Media Group, CW Network, CW, Wrestling, Endeavor Group, PGA Tour, CNBC, Saudi Arabia Public Investment Fund, PGA, European PGA, U.S, Team, Royal Greens, & Country Club, King Abdullah Economic, Saudi, CBS Sports, LIV, ESPN, Public Investment Fund, Al, Rumayyan, Strategic Alliance Locations: U.S, Saudi, Jeddah, King Abdullah, King Abdullah Economic City, Saudi Arabia, Los Angeles, RIYADH, PONTE, BEACH , Florida

☆ Sundar Pichai says AI technology could be more profound than fire or electricity
▼ + stars: | 2023-04-17 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Sundar Pichai has discussed the capabilities of AI and its potentially huge effect on society. In a "60 Minutes" interview, Pichai said AI could be more profound than fire or electricity. Sundar Pichai, CEO of Google's parent company Alphabet, says artificial intelligence could be the most profound technology in human history. In an interview on CBS's "60 Minutes," which aired on Sunday, Pichai said he thought of AI "as the most profound technology humanity is working on. Microsoft, Google's old rival and a prominent investor in OpenAI, has already released an AI-powered version of its Google Search competitor, Bing.

☆ Google CEO Sundar Pichai warns society to brace for impact of A.I. acceleration, says ‘it’s not for a company to decide'
▼ + stars: | 2023-04-17 | by ( Jennifer Elias | ) www.cnbc.com time to read: +1 min

Google CEO Sundar Pichai speaks at a panel at the CEO Summit of the Americas hosted by the U.S. Chamber of Commerce on June 09, 2022 in Los Angeles, California. Google and Alphabet CEO Sundar Pichai said "every product of every company" will be impacted by the quick development of AI, warning that society needs to prepare for technologies like the ones it's already launched. "This is going to impact every product across every company," Pichai said. Pelley viewed other areas with advanced AI products within Google, including DeepMind, where robots were playing soccer, which they learned themselves, as opposed to from humans. Another unit showed robots that recognized items on a countertop and fetched Pelley an apple he asked for.

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