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☆ Southwest Airlines cuts revenue forecast
▼ + stars: | 2024-06-26 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

A Southwest Airlines jet is parked Ellison Onizuka Kona International Airport at Kehole awaiting passengers on January 20, 2024 in Kailua-Kona, Hawaii. Southwest Airlines shares fell roughly 4% in premarket trading Wednesday after the carrier cut its second-quarter revenue forecast, citing changing booking patterns. Southwest still expects record quarterly operating revenue in the second quarter. Airlines are raking in record numbers of passengers but higher costs and growth in capacity have weighed on fares and profits. "The reduction in the Company's RASM [revenue per available seat mile] expectations was driven primarily by complexities in adapting its revenue management to current booking patterns in this dynamic environment," Southwest said in a filing.

Persons: Ellison, Bob Jordan, Gary Kelly, Jordan Organizations: Southwest Airlines, Airlines, Southwest, Elliott Management, Politico Locations: Kehole, Kailua, Kona, Hawaii, United, Dallas

☆ Why a divided government would be the best outcome for crypto in the November election, according to TD Cowen
▼ + stars: | 2024-06-25 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

A sweep of the executive and legislative branches by either Democrats or Republicans in the November election could spell more risk to crypto assets, according to TD Cowen. "Divided government is the best possible outcome for financial firms, housing and crypto as we believe there would be bipartisan legislative and regulatory agreements that could survive future political changes," TD Cowen's Jaret Seiberg wrote in a note Monday. "If Biden wins, a Republican Senate could limit his ability to put aggressive regulators in power," Seiberg added. "Trump would likely have a GOP Senate, but House Democrats could block his legislative agenda. Republican politicians have tended to hold more crypto-friendly views, but the digital currency industry maintains that crypto is a nonpartisan issue.

Persons: TD Cowen, Jaret Seiberg, Seiberg, Trump, Donald Trump, Biden, Biden's, Gary Gensler, Gensler, Michael Bloom Organizations: Republicans, Biden, Republican, GOP Senate, Innovation, Technology, Republican Senate, TD Cowen's Washington Research Group, SEC, Securities and Exchange Commission Locations: Washington

☆ ‘Stevie Van Zandt: Disciple’ review: An HBO documentary traces his life from Bruce Springsteen to ‘The Sopranos’
▼ + stars: | 2024-06-22 | by ( Brian Lowry | ) edition.cnn.com time to read: +3 min

CNN —Sometimes documentaries get all they need from the subject, and in the case of “Stevie Van Zandt: Disciple,” the who’s who of musical luminaries in his orbit don’t hurt either. When Van Zandt mentions the seminal experience of seeing the Beatles on Ed Sullivan’s show, it’s almost immediately followed by an interview with Paul McCartney. Ditto for other singers that Van Zandt mentions, like Dion DiMucci, Darlene Love and Gary U.S. Bonds. James Gandolfini and Stevie Van Zandt in "The Sopranos." “Stevie Van Zandt: Disciple” premieres June 22 at 8 p.m.

Persons: Stevie Van Zandt, Steven Van Zandt’s, Bruce Springsteen’s, “, ”, ” plucks, Van Zandt’s, Springsteen, Van Zandt, Leonard Peltier, there’s, David Chase, ” Chase, Ed Sullivan’s, Paul McCartney, Ditto, Dion DiMucci, Darlene Love, Bonds, James Gandolfini, Bruce Springsteen, Tony Soprano Organizations: CNN, Gary U.S, HBO, Little, Warner Bros . Locations: New Jersey, South Africa, USA, Asbury Park

☆ The Everything Guide to Partying (Without Regrets)
▼ + stars: | 2024-06-21 | by ( George Gurley | Carson Griffith | ) www.nytimes.com time to read: +22 min

And don’t ask who else is coming. Romilly Newman, chef, food stylist, social media personality Don’t bring a guest to a seated dinner. Raul Tovar/Houses & Parties Rebecca Gardner Please don’t ask people to take off their shoes when entering your apartment. Bronson van Wyck Gosh, I don’t think you can avoid certain topics in 2024. But don’t think you’re décor.

Persons: Ivy Getty, Rufus Wainwright, We've, Lang Phipps, Kate Upton, Illa Gaunt, Rebecca Gardner, William Laird, Sarah Harrelson, Jen Rubio, Jason Sean Weiss Sarah Harrelson, Alex Hitz, Ariel Arce, Larry Milstein, Eat, Maneesh, “ I’m, Wes Gordon, Lizzi Bickford, Smile, Tefi Pessoa, Daisy Prince, There’s, “, Kristy Hurt, headhunter, Kendall Werts, Don’t, Jorn Weisbrodt Rufus Wainwright, Harry Hurt III, Liz Lange, Athena Calderone, Jennifer Gilbert, Kyle Hotchkiss Carone, it’s, you’ve, you’re, ”, Krista Schlueter, The New York Times Molly Jong, Gary Jackson Bronson van, —, Laila Gohar, Susan Gutfreund, it’ll, Josh Flagg, somebody’s, Bronson van Wyck, Max Tucci, Sara Ruffin Costello, David Sedaris’s, Steven Badius, Kyle Hotchkiss, Kendall Werts “, It’s, Truman Capote, Jennifer Gilbert Don’t, Romilly Newman, Raul Tovar, don’t, Emily Post, ” They’re, Jobe, Lela Rose, ” Lizzi Bickford, Paloma Sandoval, Elsie Richter, Whitney, I’m, Zibby Owens, Molly Jong, That’s, Yana Paskova, The New York Times Harry Hurt, Elise Taylor, Francis Hauert, Doris Hauert, Jana Platina, Plum Sykes, Putin, Julie Reiner, Karsten Moran, Jennifer Gilbert I, Ken Fulk, Nobody, Giselle, Emma Gwyther, The New York Times Kendall Werts, Sedi, Nikki Haskell, Andy Warhol, Richard Weisman, Patricia Altschul, Amy Sacco, Hunter McRae, The New York Times Patricia Altschul, Dorothy Parker, Joey Wolffer Joey Wölffer, they’re, now’s, Rufus Wainwright I’m Organizations: Yorker, The New York Times, Trump, Biden, The New York, Google Locations: Converse, Uggs, Gardens, East Hampton, N.Y, New York, Gary Jackson Bronson van Wyck, we’ll, Delmonico’s, Europe, stow, someone’s, New Hampshire, Ukraine, Israel

☆ A retired boomer who moved from the US to Costa Rica said it's 'horribly incorrect' to assume life in Central America is much cheaper
▼ + stars: | 2024-06-21 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

Keenan said he's loved the peace and nature of Costa Rica after spending most of his life in Albuquerque. During his time with the insurance company, he attended a retreat in Playa Zancudo, located in the south of Costa Rica. After these visits, he knew he wanted to retire in Costa Rica to live an "easygoing" life far from the US. AdvertisementCosta Rica is more expensive than he thoughtKeenan said that when he first moved to Costa Rica, prices were cheaper than in the US but not by too much. AdvertisementHe never bought a house, as he said the process can take years in Costa Rica.

Persons: Gary Keenan, Little, Keenan, he's, it's, Costa Rica Keenan, José, hasn't, Kelley Organizations: Service, Business, Google, Costa Locations: New Mexico, Costa Rica, Albuquerque, America, Costa, Playa Zancudo, Playa Grande, Guanacaste, Europe, France, José, San Pedro, capital's, Santa Ana, San José, Costa Rican, Panama, Argentina, expats

☆ Copa América 2024: Lionel Messi’s final ‘Last Dance’ with Argentina?
▼ + stars: | 2024-06-20 | by ( Matias Grez | ) edition.cnn.com time to read: +10 min

CNN —For just the second time in the tournament’s 108-year history, the Copa América will be played outside of South America. “Today, all I think about is to get well to the Copa América and play it. The squad for the 2024 Copa América is largely inexperienced, with 15 players on less than 10 caps for their country. UruguayPerennial overachiever Uruguay once again goes into a Copa América among the favorites to win the title. The nation of just 3.5 million people holds the joint record alongside Argentina for most Copa América titles won with 15.

Persons: Lionel Messi’s, Messi, ”, ” Messi, Ángel Di María, Catherine Ivill, Lionel Scaloni, “, he’s, ” Scaloni, Leo, Di María, West Ham’s Lucas Paquetá, Neymar, Brazil’s, Vinícius, –, Fernando Diniz, Dorival Júnior, Vinícius Jr, Marcelo Bielsa, Argentina –, Ander Gillenea, Luis Suárez, Giménez, Ronald Araújo, Federico Valverde, Matt Turner, Tim Weah, Christian Pulisic, Yunus Musah, Folarin Balogun, Ron Jenkins, Gregg Berhalter’s, ’, Juan Antonio Pizzi, Ricardo Gareca, Marcelo Hernandez, Alexis Sánchez, Claudio Bravo, Arturo Vidal, Gary Medel, Cafeteros, Gonzalo Arroyo Moreno, Luis Díaz, James Rodriguez, David Ospina, Yerry Mina Organizations: CNN, Copa, CONMEBOL, CONCACAF Nations League, Nations League, América, Brazil, Messi, Argentine, Star, “, Copa América, ”, Beijing, Getty, England, USA, Real, La Liga, League, overachiever, Argentina, CONCACAF, US, Panama, Uruguay, Copa Américas, Roja, La Roja, Qatar Locations: South America, United States, US, Mexico, Canada, Jamaica, Panama, Costa Rica, Lionel Messi’s Argentina, Qatar, Argentina, Chile, Brazil, Spain, Real Madrid, Uruguay, overachiever Uruguay, AFP, Colombia, Washington, Bolivia, Russia, Peru, Paraguay, Albania, France, Marseille, Colombia Colombia

☆ Rural America Lags Cities in Helping People Beat the Heat
▼ + stars: | 2024-06-20 | by ( Dionne Searcey | ) www.nytimes.com time to read: +1 min

In Caribou, Maine, a town of 7,400, the splash pad was packed with children at noon on Wednesday as temperatures soared. But next to it, at a cooling center for the rural area’s many elderly residents, all the folding chairs were empty, even though three air-conditioners were blasting a frigid breeze. Officials had spread the word across Aroostook County about the cooling center on social media, on radio stations and TV, and in local newspapers. However in Maine, and across wide areas of rural America, the techniques familiar in cities to help people beat the heat are much more difficult to carry out effectively. Large parts of the nation were boiling this week as temperatures climbed in Maine and other areas that are not accustomed to mid-June heat waves.

Persons: ”, Gary Marquis Organizations: Caribou, Recreation Department Locations: Caribou , Maine, Aroostook County, Maine, America, Caribou Parks

☆ Read the letter that landed Donald Sutherland his role in 'The Hunger Games'
▼ + stars: | 2024-06-20 | by ( Kirsten Acuna | Caralynn Matassa | ) www.businessinsider.com time to read: +7 min

Many younger fans might know him best as President Coriolanus Snow in "The Hunger Games" franchise, but not everyone might know he campaigned to get the role. But they showed my letter to the director, Gary Ross, and he thought it'd be a good idea if I did it. AdvertisementIt included a discussion of power, Ted Bundy, and the elements of Snow that Sutherland considered most vital to the film. Donald Sutherland in "The Hunger Games: Mockingjay — Part I." Murray Close/LionsgateRoss's response to the letter inspired three scenes of Snow in his rose gardens during the games.

Persons: Donald Sutherland, Coriolanus Snow, Lionsgate's, Suzanne Collins's, Katniss Everdeen, Jennifer Lawrence, Snow, Sutherland, GQ, Gary Ross, it'd, Ted Bundy, Katniss's, Ross, Murray, …, Clinton, Chirac, Mao, Mitterrand, Sterling, They've, I'd, Katniss, who's, Joan of Arc, isn't, we've, Bundy Organizations: Service, Sutherland's, GQ, Capitol, Lionsgate Locations: Texas, There's, Snow, Colorado, Brentwood, Florida

☆ AI is replacing human tasks faster than you think
▼ + stars: | 2024-06-20 | by ( Matt Egan | ) edition.cnn.com time to read: +6 min

That’s in addition to creative tasks for which some businesses are already relying on ChatGPT and other AI chatbots to assist, including crafting job posts, writing press releases and building marketing campaigns. The findings show companies are increasingly turning to AI to cut costs, boost profits and make their workers more productive. Nearly 60% of all companies (and 84% of large companies) surveyed said that over the past year they have already leaned on software, equipment or technology including AI to automate tasks employees previously did. Bosses are turning to AI for a variety of reasons, including to trim what they are spending on human workers. Human jobs will be replaced — but will be replaced by other humans using AI,” he said.

Persons: ” Duke, John Graham, Duke, ”, Graham, “, Reid Hoffman, ” Hoffman, Janet Yellen, Democratic Sen, Gary Peters, ” Graham Organizations: New, New York CNN — Corporate, Duke University, Federal Reserve Bank of Atlanta, ”, CNN, Survey, Atlanta Fed, LinkedIn, Democratic, Homeland Security, Government Affairs Committee Locations: New York, That’s, ChatGPT

☆ Gary Vaynerchuk says his biggest fear around AI is that it gets overregulated
▼ + stars: | 2024-06-19 | 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 EmailGary Vaynerchuk says his biggest fear around AI is that it gets overregulatedGary Vaynerchuk, CEO of VaynerMedia, comments on artificial intelligence and the advertising industry.

Persons: Gary Vaynerchuk

☆ Advertising is now a 'meritocracy' in the wake of social media, Resy co-founder Gary Vaynerchuk says
▼ + stars: | 2024-06-19 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Social media algorithms have led to a more meritocratic advertising landscape that the industry has been slow to catch up with, according to VaynerMedia CEO Gary Vaynerchuk. "The social media I grew up with... it was more like email marketing," the agency executive told CNBC's Tania Bryer at the Cannes Lions festival, a major fixture in the advertising world's calendar. Vaynerchuk co-founded restaurant booking platform Resy and was an early investor in the X social media platform, formerly known as Twitter. "Now we live in a world of social media over the last two, three years, five years, where the AI algorithms that give you the For You page, the content is finding the audience." "For You" is a feature of Chinese-owned social media app TikTok which serves a scrollable stream of videos based on trending content and on users' past usage of the app.

Persons: Gary Vaynerchuk, CNBC's Tania Bryer, Vaynerchuk Organizations: Cannes Lions

☆ New York’s highest court leaves Trump gag order in hush money case in effect
▼ + stars: | 2024-06-18 | by ( Nicki Brown | Kara Scannell | ) edition.cnn.com time to read: +2 min

CNN —New York’s highest court has declined to hear Donald Trump’s appeal on the gag order in his hush money case, according to a decision list posted Tuesday. The gag order, issued by Judge Juan Merchan in the criminal case against Trump, remains in effect. Separately, Trump has asked Merchan to terminate the gag order ahead of his sentencing scheduled for July. Once that motion is filed, the court will again make a decision on whether to hear the case. If the Court of Appeals did find the gag order unconstitutional, Trump’s attorneys wrote it would “undermine the justification” for the fines Trump received for his violations.

Persons: Donald Trump’s, Judge Juan Merchan, Trump, Merchan, Stormy Daniels, Todd Blanche, ’, Attorney Alvin Bragg, Gary Spencer, Trump’s Organizations: CNN, New, Trump, Manhattan, Attorney

☆ Here's another reason for Elon Musk to support Trump
▼ + stars: | 2024-06-17 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

He also seems increasingly interested in Donald Trump, though he won't come out and say he's formally backing him. So here's another reason for him to move more firmly into the Trump camp: The US Securities and Exchange Commission, currently run by Biden appointee Gary Gensler, keeps dogging him. Caveats: The last time the SEC went after Musk, Trump was in the White House, and Trump appointee Jay Clayton was running the SEC. AdvertisementJust as important: The Journal piece includes lots of to-be-sures from legal experts about the difficulty of the SEC winning a case against Musk. But Musk would certainly prefer not having to go to court to find out.

Persons: —, Elon, Joe Biden, Donald Trump, he's, Trump, Biden, Gary Gensler, Tesla, Musk, Jay Clayton Organizations: Service, US Securities and Exchange Commission, Business, SEC, Twitter, SEC hasn't, Musk, Trump

☆ What Chase Oliver, the 2024 Libertarian Candidate, Believes - The New York Times
▼ + stars: | 2024-06-17 | by ( Jane Coaston | ) www.nytimes.com time to read: +1 min

In 2016, the Libertarian Party presidential candidate, Gary Johnson, received more votes than any of the party’s other candidates in history and the most of any third-party candidate since Ross Perot — and arguably, the Libertarian Party has never recovered. Much like the conservative movement, the libertarian movement has been divided between more “normie” libertarians who have embraced criminal justice reform and social freedoms (like immigration and the rights of L.G.B.T.Q. And in 2024, the Libertarian Party Convention featured appearances from people like former President Donald Trump. But in a major surprise, the winner of the party’s presidential nominating process was not the Mises Caucus’s favorite but Chase Oliver, a 38-year-old, gay antiwar activist who had left the Democratic Party. I spoke with Mr. Oliver about what libertarianism means to him today, how he plans to fight for independent votes this year and why the Libertarian Party failed 2020’s “libertarian moment.”

Persons: Gary Johnson, Ross Perot —, Donald Trump, Mises, Chase Oliver, Oliver Organizations: Libertarian Party, Mises, Democratic Party

☆ From $40 billion fraud to $4.5 billion settlement: Inside the latest crypto firm paying big bucks to end legal trouble
▼ + stars: | 2024-06-16 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +14 min

This week, a judge signed off on Do Kwon and his bankrupt Terraform Labs settling with the U.S. Securities and Exchange Commission for $4.5 billion. This comes after a jury unanimously found Kwon and his company liable for securities fraud following less than two hours of deliberation. But investors piled in anyway, giving luna and UST a combined market value of almost $40 billion at one point. Terraform and Kwon fought our efforts to investigate – taking a fight over investigative subpoenas all the way to the Supreme Court. They are Caroline Ellison, the Alameda Research CEO who at one time dated Bankman-Fried; FTX engineering chief Nishad Singh; and Gary Wang, the co-founder and chief technology officer of FTX.

Persons: Kwon, Woohae Cho, Sam Bankman, Changpeng Zhao, Luna, atoning, Alex Mashinsky, Wall, Stevo Vasiljevic, Reuters Kwon, He's, Satoshi Nakamoto, Elon Musk, Mike Novogratz, Gary Gensler, –, Fried, Fatih Aktas, Lewis Kaplan, Kaplan, Bankman, convicting, Prosecutors, Ryan Salame, Caroline Ellison, Nishad Singh, Gary Wang, FTX, Jason Redmond, Zhao, Richard Jones, …, Binance, Justin Sullivan Organizations: Terraform Labs, Bloomberg, Getty, U.S, Forbes, Arrows Capital, Voyager, U.S . Securities, Exchange Commission, Labs, U.S . Justice Department, Futures Trading Commission, Treasury Department, bitcoin, BlackRock, Fidelity, Reuters, terraUSD, UST, Traders, Twitter, SEC, Supreme, Anadolu Agency, Alameda Research, ., Republicans, Bankman, AFP, of Prisons, District, Bank, DOJ, CFTC, Treasury, Binance, New, Commercial Bank Locations: U.S, Balkans, Podgorica, Montenegro, Singapore, Dubai, Serbia, Balkan, South Korea, United States, lockstep, New York, Manhattan, Seattle, Lompoc , California, Binance

☆ I've been with my boyfriend for 12 years. We own a home, are planning to adopt a child, but don't want to marry.
▼ + stars: | 2024-06-15 | by ( Rachel Kramer Bussel | ) www.businessinsider.com time to read: +4 min

On a episode of "Abbott Elementary," outspoken teacher Melissa Schemmenti's doting boyfriend Gary heavily hints at planning a wedding proposal, which she insists she doesn't want. Thinking he's found such a miracle, Gary gets Philadelphia Eagles player Jalen Hurts to help him make the proposal. My boyfriend and I jointly own a home, are listed in each other's wills, take vacations together, and are waiting to adopt a child. Marrige is seen as the goalEven in 2024, marriage is still seen as the ultimate achievement in the game of love. What if we saw marriage as one of many ways of honoring love rather than the only socially sanctioned one?

Persons: Melissa Schemmenti's, Gary, he's, Jalen, Taylor Swift, Travis Kelce, Drew, we'd, Melissa, Doug, fixating, we're, we'll, we've, Rachel Kramer Bussel Organizations: Service, Philadelphia Eagles, Twitter

☆ Jared Kushner's post-White House deal-making included badly timed bet on Amazon aggregator
▼ + stars: | 2024-06-14 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +16 min

Kushner started Affinity in 2021, shortly after leaving his advisory role in the White House alongside his wife, Ivanka Trump. Neumann, who was ultimately ousted from WeWork by top SoftBank execs, introduced Kushner to Unybrands early the following year. Affinity's investment in Unybrands, which hasn't previously been reported, was one of the private equity firm's earliest deals. Following a continued slide, the company laid off roughly 10% of its staff in November 2022, according to people familiar with the matter. The House Oversight Committee launched an investigation into the investment in 2022, looking into whether Kushner's financial interests influenced Trump's foreign policy.

Persons: Jared Kushner, Alex Brandon, Kushner, Weeks, Ivanka Trump, Trump, Saudi Crown Prince Mohammed bin Salman, Jamal Khashoggi, WeWork, Adam Neumann, Neumann, Unybrands, hasn't, —, Catterton, Jason Somerville, Somerville, it's, didn't, headcount, Donald Trump, Gary Cohn, Crown Prince, Mohammed bin Salman, Jonathan Ernst, Crown Prince Mohammed bin Salman, Carolyn Maloney, Ron Wyden, Kushner didn't, Ulrich Kratz, Goldman Sachs, Kratz, Kushner's, Ian Brekke, Asad Naqvi, Bret Pearlman, Roger McNamee, Max Fink, Neumann's, Brekke, Naqvi, Pearlman, Fink, Shahar Azran, Eugen Miropolski, Robyn Laguette, Mark Goldfinger, Joe Biden, Lex, Jeff Bezos, Sam Altman, Ye, I've Organizations: U.S . Capitol, Capitol, Reuters, Affinity Partners, Companies, White House, Affinity, Saudi Crown, Unybrands, WeWork, CNBC, Amazon, BlackRock, Khosla Ventures, GW Partners, Saudi Arabia's Public Investment Fund, United Arab, Saudi Arabia's, Crown, Ritz Carlton Hotel, Saudi, Republicans, Crayhill Capital Management, Barclays, Goldman, Kushner, Investments II, Blackstone, Partners, Financial Services, CNBC it's, Israeli American Council, IAC, Getty, Kanye Locations: Washington, Amazon's, South Florida, Miami, Silicon Valley, Saudi, Saudi Arabia, Unybrands, United Arab Emirates, Qatar, Riyadh, Yemen, American, Austin , Texas, Gulf, Israel

☆ Pamela Smart case timeline
▼ + stars: | 2024-06-12 | by ( Christina Zdanowicz | ) edition.cnn.com time to read: +6 min

Pamela Smart, then 22, was a high school media director when she began an affair with 15-year-old Billy Flynn. In her trial, prosecutors said Smart then coaxed Flynn into carrying out the murder plot with two teenage friends. Here’s a timeline of Pamela Smart’s murder conspiracy plot, the resulting legal cases and convictions. March 4, 1991: Oral arguments began in Smart’s murder conspiracy trial in the Rockingham County Superior Court in Exeter, New Hampshire. William Flynn, 17, is shown the gun he used at Pamela Smart's trial on March 12, 1991.

Persons: Pamela Smart, Billy Flynn, Smart, Flynn, Gregg Smart, Pamela Smart’s, Joyce Maynard’s, Nicole Kidman, Joaquin Phoenix, Linda Wojas, CNN’s Larry King, Pamela Smart's, Patrick Randall, Vance Lattime Jr, Gregory Smart, Raymond Fowler, Gregory Smart’s, couldn’t, William Flynn, Jim Cole, Randall, WMUR, Fowler, Chris Sununu, Smart’s, Lattime, CNN’s Hayley Wilson, Gary Tuchman Organizations: CNN, Police, Associated Press, AP . Police, Court, Prosecutors, WMUR, . New, . New Hampshire Gov, AP, Sununu, Smart, Bedford Hills Correctional Facility Locations: Derry , New Hampshire, Rockingham, Exeter , New Hampshire, WMUR, ., . New Hampshire, Bedford Hills, Westchester County , New York

☆ 5 things to know before the stock market opens
▼ + stars: | 2024-06-11 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

At Apple's annual Worldwide Developers Conference on Monday, the company unveiled "Apple Intelligence" – its long-awaited AI software. Apple CEO Tim Cook stressed privacy and personalization with the system, moving beyond AI into "personal intelligence." Siri will also be getting some upgrades with Apple Intelligence, and Apple announced that Siri will also be able to tap into ChatGPT when needed through the company's partnership with OpenAI. The activist hedge fund has taken a $1.9 billion stake in Southwest Airlines , which makes it one of the airline's biggest investors. This follows a number of other stakes the firm has built within the past two months, such as a $2.5 billion stake in Texas Instruments, a $2 billion stake in SoftBank and a $1 billion stake in Anglo American.

Persons: Tim Cook, John Giannandrea, Craig Federighi, Nic Coury, Siri, Elliott, Gary Hershorn, it's, Bob Jordan, Gary Kelly, Fred Tanneau, Stephane Bancel, Francis Scott Key, Michael A Organizations: Nasdaq, Dow Jones, Nvidia, Apple, Developers, AFP, Getty, Apple Intelligence, OpenAI, Max, Southwest Airlines, Hollywood International Airport, Corbis, Elliott Management, Texas, Moderna, Afp, Francis Scott Key Bridge, McCoy, Washington Post Locations: Cupertino , California, Fort Lauderdale, Fort Lauderdale , Florida, SoftBank, U.S, Baltimore

☆ Collectible toy market: This vintage action figure set a record at auction
▼ + stars: | 2024-06-10 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +11 min

The Rocket-Firing Boba Fett action figure, modeled after the “Star Wars” bounty hunter, was purchased in Dallas by an anonymous buyer for $525,000, Heritage Auctions announced last Monday. Dolls are for girls, action figures are for boysUnlike fine art or sports memorabilia, the collectible action figure market is only a handful of decades old because action figures have only been around since the mid-1960s. “The first action figure was G.I. He recounted how Hasbro executive Don Levine coined the term “action figure” as a marketing tool, because “we can’t call these dolls. Caravoulias recalls laying in bed as a kid in 1985 and wishing he could buy a $5 Rambo II action figure.

Persons: Boba, Barbie, ”, Justin Caravoulias, Joe, Boba Fett, Fett, Kenner, Brian Rachfal, “, Don Levine, ’, “ Nobody, Caravoulias, Price, Tom Derby, Darth Vader, It’s, Rambo, Rachfal, —, Paul Arnold, Arnold, Gary C, Knapp, they’re, ” Caravoulias, Circana, ” “ Barbie, ” James Zahn Organizations: New, New York CNN, “, Heritage Auctions, Heritage, Kenner, Hasbro, CNN, Derby, ‘ Power Rangers Locations: New York, United States, Dallas, American, Virginia Beach, Va

☆ 'Hit Man' was meant to be set in Houston, but switched to New Orleans because of tax incentives
▼ + stars: | 2024-06-10 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +1 min

Director Richard Linklater told Texas Monthly that "Hit Man" was originally set in Houston. According to a consultant for the film, the location was moved to New Orleans for a tax incentive. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe setting of "Hit Man" was changed from Houston to New Orleans because of tax incentives, according to a report by Texas Monthly. "Hit Man," Netflix's latest comedy, is based on a 2001 article by Texas Monthly writer Skip Hollandsworth about Gary Johnson, an undercover hitman who operated in Houston.

Persons: Richard Linklater, —, Skip Hollandsworth, Gary Johnson, Houston . Johnson Organizations: Texas, Service, Texas Monthly, Business Locations: Houston, New Orleans, Texas, Houston .

☆ How Costco is expanding e-commerce on 3 fronts and what's next for the record-high stock
▼ + stars: | 2024-06-10 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

Everybody, including Costco, is chasing Amazon, which accounts for 45% of all U.S. e-commerce sales, according to JPMorgan in a research note Monday. While unlikely to compete at the level of Amazon or Walmart online in the near future, Costco could carve out a lucrative e-commerce lane with its loyal, value-orientated customers. Engaged members want to spend more online at Costco "given the value/quality and cash back," the analysts added. Costco has an "incredible opportunity to better target customers and leverage its rich database of perfect data and is still in its early innings" of e-commerce, JPMorgan said. Adding to the e-commerce story, JPMorgan cited the Costco Logistics network, which has amped up "e-commerce fulfillment of bulky items."

Persons: Jim Cramer, Morgan Stanley, Gary Millerchip, Instacart, Jim Cramer's, Jim, John Keeble Organizations: Costco, JPMorgan, Walmart, Amazon, Target, Kroger, Costco Logistics, Logistics, CNBC, Lakeside, Getty Locations: Grays, United Kingdom

☆ Stocks making the biggest moves midday: Southwest Airlines, GameStop, Advanced Micro Devices and more
▼ + stars: | 2024-06-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: Southwest Airlines — The stock rose 9% after activist hedge fund Elliott Management amassed a $1.9 billion stake in Southwest Airlines. GameStop — The meme stock slipped nearly 15% in volatile trading after a roller-coaster week. Advanced Micro Devices — The chipmaker fell 3% after Morgan Stanley downgraded shares to equal weight from overweight, saying investors' expectations look elevated. ReNew Energy Global — Shares popped more than 7% after Morgan Stanley upped its price target, saying the narrative for the U.K.-based company remains strong. DraftKings — The sports entertainment stock gained 2% after Morgan Stanley renamed the company as a top pick.

Persons: Bob Jordan, Gary Kelly, Keith Gill, Huntington Bancshares, Huntington, Morgan Stanley, GoDaddy —, Dow, Robert Half, Jefferies, DraftKings, Yun Li, Alex Harring, Michelle Fox, Sarah Min, Pia Singh, Sean Conlon Organizations: Southwest Airlines, Management, Southwest, GameStop, KKR, CrowdStrike, GoDaddy — KKR, Dow Jones, Comerica, Apple, Energy, Jefferies Locations: 2H24, Illumina, Illinois

A Southwest Airlines jet comes in for a landing at Laguardia Airport in New York City, New York, U.S., January 11, 2023. Activist hedge fund Elliott Management has amassed a $1.9 billion stake in Southwest Airlines and plans to push for leadership changes at the airline that has lagged big rivals. Elliott said it intends to "pursue all available pathways to deliver the leadership changes" the activist believes Southwest needs. Jordan and Kelly have "presided over a period of stunning underperformance at" Southwest, Elliott said. In just the last few months, the activist has taken a $2.5 billion stake in semiconductor firm Texas Instruments , a $2 billion stake in Japanese conglomerate SoftBank and a $1 billion stake in mining concern Anglo American .

Persons: Elliott, Bob Jordan, Gary Kelly, Jordan, Kelly, Henry Harteveldt, Elliott's Organizations: Southwest Airlines, Laguardia, Elliott Management, Southwest, Delta Air Lines, United Airlines, CNBC, Atmosphere Research, Boeing, Crown, Texas Instruments Locations: New York City , New York, U.S, Southwest, Texas

☆ The Napoleon of Your Living Room
▼ + stars: | 2024-06-08 | by ( David Segal | ) www.nytimes.com time to read: +1 min

Gary Friedman hates meetings. A 66-year-old with apparently limitless energy and a perpetual tan, Mr. Friedman is the chief executive of RH, one of the country’s largest high-end furniture sellers, and he never holds meetings. That’s a typical stretch for Mr. Friedman’s adventures with his architecture and design team, a group of about 20 executives overseeing one of the priciest expansions in the history of American retail. The company is doubling the number of stores, called “galleries” in RH speak, with 35 new ones in the works. He wants to forge a brand that is so ubiquitous — RH restaurants, RH hotels, RH clothing — that its impact is global.

Persons: Gary Friedman, Friedman, ”, Friedman’s, California Rich Locations: California

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