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☆ Is Big Tech wrong to train AI models on 'messy' public data? A chat with synthetic data evangelist Ali Golshan.
▼ + stars: | 2024-06-30 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +9 min

Instead, they're calling for companies to train their models on synthetic data. Synthetic data is artificially generated rather than collected from the real world. AdvertisementBusiness Insider chatted with Ali Golshan, CEO and cofounder of Gretel, who one might call an evangelist for synthetic data. Why is synthetic data better than raw public data? AdvertisementUltimately, the other part of it is that synthetic data is very good at privacy if you have enough data.

Persons: —, Ali Golshan, Gretel, Young, There's Organizations: Service, Companies, Meta, Google, Business, Ernst, Riot, Federal Trade Commission

☆ Nike is struggling to get its stride back
▼ + stars: | 2024-06-29 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

One answer rests in what the company calls its "lifestyle" business — basically, shoes and clothing meant for casual wear. Related storiesWhile revenue from performance products grew in Q4, declines in its lifestyle business overshadowed them, contributing to the worse-than-expected results. AdvertisementIn its last fiscal year, lifestyle products have grown to about 60% of Nike's business, UBS analyst Jay Sole estimates. "One of our big takeaways from Nike's 4Q report is its lifestyle business needs a major reset," Sole said. While CFO Friend said management is "confident that we are repositioning Nike to be more competitive," investors have yet to be convinced.

Persons: —, Matthew Friend, Friend, John Donahue, Jay Sole, Donahue, Jefferies, Randal Konik, Simeon Siegel, we're Organizations: Service, Business, Nike, Reuters, UBS, Nike's, Street, BMO Locations: China, Portland, Nike's

CNN —The United States has proposed new language to bridge gaps in discussions for a ceasefire and hostage deal between Israel and Hamas, a senior US administration official said Friday. But dashing hopes for a breakthrough, earlier this month Hamas responded to the Israeli proposal with further amendments. The US is pushing Egypt and Qatar to press Hamas to accept the change in language, according to Ravid. Jack Guez/AFP/Getty ImagesThe second phase of the proposal has been a source of disagreement in the months-long negotiation between Israel and Hamas. The total number of Palestinians killed in Gaza since Oct. 7 is now 37,834, while the number of injuries has risen to 86,858.

Persons: Joe Biden, Barak Ravid, Ravid, Benjamin Netanyahu, Jack Guez, Netanyahu, Israel’s, Fighting, Israel, Israeli Air Force “ Organizations: CNN, Hamas, US, Israel's, Getty, Israel Defense Forces, “ Troops, Israeli Air Force, Palestinian Ministry of Health Locations: United States, Israel, Gaza, Axios, Egypt, Qatar, AFP, Gaza City, Shujaiya

☆ Buy these five stocks for 'superior returns,' Bank of America says
▼ + stars: | 2024-06-29 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Stocks like Nvidia have more room to run, according to Bank of America The Wall Street investment bank recently named several companies that have the potential to generate solid returns. CNBC Pro combed through Bank of America research to find buy-rated stocks that are well positioned to succeed. Viking The luxury cruise company that went public in early May is firing on all cylinders, according to Bank of America. He characterized Viking as, "Sailing away with the luxury cruise market and superior returns." Viking Sailing away with the luxury cruise market and superior returns.

Persons: David Barden, Barden, there's, Barden foresees, Andrew Didora, VIK, Didora, Matt Bullock, Bullock Organizations: Nvidia, Bank of America, Wall, CNBC, Apple, Mobile Bank of America, U.S, Viking, Apple Services Locations: Bank

☆ Georgia gave low-income Black women $20,000 over 2 years. A participant said the money helped her afford day care and pay bills.
▼ + stars: | 2024-06-29 | by ( Allie Kelly | ) www.businessinsider.com time to read: +8 min

She's also a participant in Georgia's guaranteed basic income pilot called In Her Hands. Compared to non-participants, women receiving basic income were more able to afford bills and pay down debt. Many parents also spent some of their basic income on activities for their children, like summer camp or cheerleading dues. A basic income program providing $1,000 a month to pregnant Black women in San Francisco was sued last year. Have you benefited from a guaranteed basic income program?

Persons: —, Shamarra Woods, Woods, She's, GBI, It's, Georgia's Organizations: Service, Georgia Resilience, Opportunity Fund, Business, Ward, College Park, Republican Locations: Atlanta, Georgia, Clay, Randolph, Terrell, Mississippi, San Francisco, Vine City, Bankhead, Washington Park, Black, Connecticut

Climate control activists are led away by the NYPD after being detained outside the global headquarters of Citigroup in New York City, U.S., June 28, 2024. REUTERS/Kent J. Edwards Purchase Licensing Rights New Tab , opens new tabItem 1 of 6 Climate control activists are led away by the NYPD after being detained outside the global headquarters of Citigroup in New York City, U.S., June 28, 2024. REUTERS/Kent J. EdwardsCompanies Company Citigroup Inc FollowJune 28 (Reuters) - Dozens of climate activists were arrested after protesting at Citigroup's (C.N) New Tab , opens new tab headquarters in New York on Friday as part of what they called a "Summer of Heat" campaign. The activists expected more than 1,000 people to participate in the demonstration, according to a statement ahead of the protest. New Tab , opens new tabSave Share XFacebookLinkedinEmailLink Purchase Licensing Rights

Persons: Kent J, Roishetta Ozane, Burns, summonses, Makailah Gause, Jacqueline Wong, Lananh Nguyen, Leslie Adler Organizations: NYPD, Citigroup, REUTERS, Edwards Companies Company Citigroup, Police, New York City Police Department, Citi, Reuters, Thomson Locations: New York City, U.S, New York, Manhattan, Citi's, New

☆ Jim Cramer says these stocks and sectors could benefit if Trump is elected president again
▼ + stars: | 2024-06-28 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +4 min

CNBC's Jim Cramer said Friday there are stocks and sectors that would benefit if Donald Trump were to become president again. If you think Trump will win the White House, Cramer said, "That means you can go buy the banks. That means you can go buy the natural gas and energy stocks," as well as Big Tech. Cramer also said Tesla might fare better under Trump and Biden because Trump is not pro-union. China Trump has said he would be even tougher on China if he were re-elected.

Persons: CNBC's Jim Cramer, Donald Trump, Cramer, —, Joe Biden, Biden's, Biden, he's, Rather, Trump, Banks, Wells Fargo, Morgan Stanley, Nextracker, China Trump Organizations: Trump, Investing Club, Top, CNBC, White, Big Tech, Biden, Kroger, Albertsons, Capri, Disney, Club, House . Energy, New, Energy, Ford, The, Nike, Starbucks Locations: China

☆ I shopped for work outfits at COS and Zara and preferred the more expensive store
▼ + stars: | 2024-06-28 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +8 min

Today, Zara, H&M, and Aritzia have become the go-to stores. Related storiesVersatile attire rather than strictly professional clothes makes sense with Zara's brand mission. Samantha Grindell/Business InsiderAgain, the jacket was work-appropriate, but I thought I would feel uncomfortable in the office in the skort because of its length. Samantha Grindell/Business InsiderThe outfit that surprised me most was a white set with a $69 tank top and $89 shorts. Samantha Grindell/Business InsiderThe COS clothes were slightly more expensive than the pieces from Zara, but the price difference felt minuscule considering the COS pieces' quality.

Persons: —, It's, Katie Reeves, Samantha Grindell, Nordstrom, Zara didn't, I've Organizations: Service, Abercrombie, Fitch, Outfitters, Business, M, COS, M Group, Zara Locations: Hollister, Zara, London, America, New York, Mexico, Lower Manhattan

☆ Markets unfazed as Donald Trump has much better debate night than Joe Biden
▼ + stars: | 2024-06-28 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

London CNN —President Joe Biden had a shaky performance in last night’s presidential debate, triggering panic in the Democrat camp. Former President Donald Trump, meanwhile, repeated multiple falsehoods while doubling down on his record of cutting taxes and hiking tariffs during his first presidential term. If repeated in a second Trump term, many economists fear that kind of agenda could stoke inflation at a critical moment and add to America’s rapidly growing debt mountain. That could pull the typical year-end election relief rally forward, said Ed Clissold, chief US strategist at Ned Davis Research. The US dollar has also been reactive — it edged higher as initial CNN polling found that Trump was viewed as the winner of the debate.

Persons: Joe Biden, Donald Trump, shrugged, ”, Keith Lerner, Barack Obama, Trump, Lerner, Ed Clissold, Ned Davis, Antonio Ernesto Di Giacomo, “, Goldman Sachs ’ Scott Rubner, Jonas Goltermann, Emmanuel Macron, Katie Nixon, France’s, CDK, Ramishah Maruf, Eva Rothenberg, aren’t, they’ve, Scott Campbell, CNN they’ve, Jordan Valinsky, Tim Wentworth Organizations: London CNN, Democrat, Trump, “, Biden, Ned, Ned Davis Research, Investors, Capital Economics, CNN, Renaissance, Northern Trust Wealth Management, CAC, CDK, Auto, Capital City Buick GMC, Bloomberg, Walgreens Locations: France, “, North America, United States, Canada, Berlin , Vermont, Eastern Europe, America

☆ A third of sharks are threatened with extinction. Here’s what one man is doing to help
▼ + stars: | 2024-06-28 | by ( Amy Chillag | ) edition.cnn.com time to read: +7 min

The International Union for the Conservation of Nature reports 35% of all shark species are threatened with extinction. The primary reason is overfishing; shark meat and fins are highly sought. That research has helped expand the number of shark species now regulated by CITES. Cardeñosa said when he got started in the field, there were only five or six shark species regulated by the CITES agreement. How you can help sharksOne of the easiest ways to help sharks and all marine life is to try to consume seafood from sustainable sources.

Persons: Florida CNN — Diego Cardeñosa, ”, Cardeñosa, Demian Chapman, Isaac Lawrence, they’ve, Diego Cardeñosa, Diego Cardeñosa Cardeñosa, ” Cardeñosa, “ Organizations: Florida CNN, International Union for, Nature, Fisheries, ”, Florida International University, International Trade, Fauna, FIU, Getty, Criminal Investigation, Interpol, CITES, Aquarium Seafood, FIU Foundation Locations: Miami, Florida, Colombia, Europe, South America, Hong Kong, Latin America, AFP, Sri Lanka, Spain, Belize, Panama, Ecuador, Peru, Brazil, China, Eastern, Baja , California, Central, Monterey

☆ A millennial making $350,000 a year through overemployment says he only worked 50 hours a week
▼ + stars: | 2024-06-28 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

What's more, he said he hasn't typically worked more than 50 hours a week across his two jobs. AdvertisementPhil is among the Americans who have secretly worked multiple remote jobs to boost their incomes and job security. While some companies may be OK with their workers taking on a second job, doing this without approval could have negative repercussions. "Anything up to 50 hours a week is sustainable for me and that is what I would suggest for most people." AdvertisementAre you working multiple remote jobs at the same time and willing to provide details about your pay and schedule?

Persons: —, Phil, who's, overemployed, hasn't, Overemployment, jugglers, he's, there's, overemployment Organizations: Service, Business Locations: Texas

☆ Analysis: Biden’s disastrous debate pitches his reelection bid into crisis
▼ + stars: | 2024-06-28 | by ( Stephen Collinson | ) edition.cnn.com time to read: +16 min

Former President Donald Trump and President Joe Biden debate at CNN's Atlanta studios on June 27, 2024. Austin Steele/CNN Trump and Biden were debating each other for the first time since 2020. Austin Steele/CNN Biden's campaign won a coin toss before the debate to choose which side he would stand on. Austin Steele/CNN Supporters of independent candidate Robert F. Kennedy Jr. protest outside the White House on Thursday. Former President Donald Trump and President Joe Biden debate at CNN's Atlanta studios on June 27, 2024.

Persons: Joe Biden, stiffly, Donald Trump, Biden, John F, Kennedy, Richard Nixon, —, Ron Klain, “, Trump, didn’t, parry, Austin Steele, ” Biden, Will Lanzoni, Jill Biden, Jake Tapper, Dana Bash, Adam Rose, CNN US Sen, Marco Rubio, CNN Trump, CNN Biden, Tristen Rouse, Tapper, CNN Tapper, Bash, Robert F, Kennedy Jr, CNN MJ Lee, Mandel Ngan, Megan Varner, Reuters Kennedy, Burk Stringfellow, Troublingly, ”, Van Jones, Kamala Harris, ” Harris, CNN’s Anderson Cooper, Harris, Paul Ryan, Gavin Newsom, Gretchen Whitmer —, Barack Obama, Ronald Reagan, CNN’s Kasie Organizations: CNN, Trump, Democratic Party, Democratic National Convention, Capitol, Atlanta, Voters, Democratic, White, CNN US, Biden, House, CNN Biden's, CNN Biden, White House, Getty, Reuters, Republican, Trump Organization, coalesces, Biden White, Michigan Locations: Atlanta, America, incoherence, Georgia, CNN's, Washington ,, AFP, United States, New York, California

☆ You can't kill Coach
▼ + stars: | 2024-06-28 | by ( Amanda Krause | ) www.businessinsider.com time to read: +10 min

Mandy Moore carries a Coach bag in 2006. And with fewer people buying Coach bags, consumer ideas of the brand shifted. Keel, who purchased her first Coach accessory — a discounted cardholder from Coach Outlet — around that time, remembers the change in the brand's perception vividly. AdvertisementKate Bauer, a 29-year-old from Toronto, collects vintage Coach bags that she exclusively buys secondhand. She told BI that the importance of old Coach styles to the brand's current business has never been clearer.

Persons: —, Paris Hilton, I'd, Gilbert Carrasquillo, Lil Nas X, Gen Z, Erin Keel, Lillian Cahn, Miles Cahn, Lillian, Bonnie Cashin, Lew Frankfort, Mandy Moore, Michael Loccisano, Michael Kors, Kate Spade, Victor Luis, Keel, Chanel, wasn't, — Luis, Jide J, Zeitlin, — Todd Kahn, Coach, Camila Mendes, Beth Goldstein, Gen, Kate Bauer, Edward Berthelot, Goldstein Organizations: Business, Leatherware, —, North, BI Locations: New York City, Los Angeles, Frankfort, Toronto

☆ I visit Disney World 4 times a week. Here are 11 of the most disappointing restaurants across the property.
▼ + stars: | 2024-06-28 | by ( Jenna Clark | ) www.businessinsider.com time to read: +7 min

Read previewI live a couple of minutes from Disney World and visit the parks about four times a week. I've dined at about 60% of the restaurants at Disney World (both table service and quick service), and there are hits and misses. I usually enjoy a plate of chicken Parmesan or spaghetti, but not from here. I'd recommend visiting Tutto Gusto or Tutto Italia at Epcot if you're wanting some high-quality Italian cuisine at Disney World. I can't express how delicious the food is at Boma — it's some of the best food I've had at Disney World.

Persons: —, I've, Pecos Bill, Jenna Clark, Jenna Clark Tony's, Melrose's, I'd, I'm, Jenna Clark Coral, haven't, Mouse, Mickey Mouse, Dale, Boma Organizations: Service, Disney, Business, Pecos, Pecos Bill, Magic, Disney's, Columbia, Columbia Harbour House, House, Hollywood Studios, Epcot, Fish, Rose & Locations: Magic, Pecos, Tony's, Columbia Harbour, Epcot, it's, Southern, Yorkshire, Jenna Clark Yorkshire

☆ JPMorgan and Morgan Stanley boost buybacks and dividends, while Citigroup and BofA take smaller steps
▼ + stars: | 2024-06-28 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

JPMorgan Chase and Morgan Stanley said Friday that they were boosting both dividend payouts and share repurchases, while rivals Citigroup and Bank of America made more modest announcements. JPMorgan, the biggest U.S. bank by assets, said it was raising its quarterly dividend 8.7% to $1.25 per share and that it authorized a new $30 billion share repurchase program. Morgan Stanley, a dominant player in wealth management, said it was boosting its dividend 8.8% to 92.5 cents per share and authorized a $20 billion repurchase plan. Citigroup said it was raising its dividend 5.7% to 56 cents per share and that it would "continue to assess share repurchases" on a quarterly basis. Bank of America said it was increasing its dividend 8% to 26 cents per share.

Persons: Brian Moynihan, Jamie Dimon, JPMorgan Chase, Jane Fraser, Morgan Stanley, Dimon Organizations: Bank of America, JPMorgan, Citigroup, Washington , D.C, Federal Reserve Locations: Hart, Washington ,, New York

☆ Drug store chains pushed out independent pharmacies. Here’s why they’re now closing too
▼ + stars: | 2024-06-28 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

The latest closures are part of a larger downturn, not just for Walgreens, but for other drug store chains, too, after years of expansion. Shifting trendsDrug store chains are struggling because of falling reimbursement rates for prescription drugs, according to analysts who cover the industry. But their profits from that business have dropped in recent years because of lower reimbursement rates for prescription drugs and higher fees. Dollar General’s growth has also hurt drug store chains in rural areas. When pharmacies close, some patients have to travel farther to get the medications they need.

Persons: Walgreens, Tim Wentworth, “, ” Wentworth, Elizabeth Anderson, PBMs, ” Anderson, VIllageMD Organizations: New, New York CNN, Walgreens, Wall Street, CVS, IRI, Amazon, Walmart, Costco, American Medical Association Locations: New York, United States, VillageMD

☆ Why your local pharmacy may be closing
▼ + stars: | 2024-06-28 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

Read previewThursday's news that Walgreens will close a "significant" number of underperforming stores threw a spotlight on struggles facing the retail pharmacy industry. Related storiesIn short, regardless of which national pharmacy brand you pick, there's a fair chance the location in your neighborhood could close, if it hasn't already. For starters, retail pharmacies make money in two key ways: by dispensing prescription medication and ancillary medical services, and by selling an assortment of merchandise in their "front of house" retail stores. But even if things were going well for Walgreens, Wentworth suggested there would likely still be quite a few closures. "I think most of us knew — when I was in the PBM [pharmacy benefit management] business — I knew that retail pharmacy was largely overbuilt for where the future was going to be."

Persons: —, Tim Wentworth, Wentworth, Manmohan Mahajan, execs, Neil Saunders Organizations: Service, Walgreens, Business, CVS

☆ Patagonia gave 90 staff a choice — relocate across the US or leave the company. They've got 3 days to decide.
▼ + stars: | 2024-06-27 | by ( Polly Thompson | ) www.businessinsider.com time to read: +7 min

CX employees must now live within 60 miles of one of seven "hubs" — Atlanta, Salt Lake City, Reno, Dallas, Austin, Chicago, or Pittsburgh. AdvertisementPatagonia verified the details of the announcement to BI, confirming that 90 of 255 CX staff in the US were affected. Both employees BI spoke to said they were accepting the severance and did not know anyone who was considering relocation. AdvertisementPatagonia spokesperson Corley Kenna told BI several employees had already indicated they would relocate. Advertisement"The reality is that our CX team has been running at 200% to 300% overstaffed for much of this year," Kenna told BI.

Persons: —, Amy Velligan, Bruce Old, George Frey, I've, Corley Kenna, Kenna, We've, Yvon Chouinard, Harris, Chouinard, Jean, Marc Giboux, Yvon Chouinard's, Yvon, it's Organizations: Service, Business, Workers, Walmart, Patagonia, BI, Reno, New York Times, Washington Post Locations: Patagonia, Atlanta, Salt Lake City, Reno, Dallas, Austin, Chicago, Pittsburgh, California, Ventura, Nevada

☆ Nike warns of guidance cut as it posts slowest annual sales gain in 14 years
▼ + stars: | 2024-06-27 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +3 min

Nike on Thursday reported its slowest annual sales growth in 14 years, excluding the Covid-19 pandemic, as the sneaker giant warned of "challenges" that led it to cut its current year outlook. For the fiscal fourth quarter, the company handily beat earnings estimates as its cost-cutting efforts continue to bear fruit, but Nike fell short on revenue estimates. In fiscal 2024, Nike posted sales of $51.36 billion, which is flat compared to the prior year. In Europe, Middle East and Africa, Nike posted revenue of $3.29 billion, compared to estimates of $3.32 billion. In Asia Pacific and Latin America, Nike saw $1.71 billion in sales, compared to estimates of $1.77 billion.

Persons: Matthew Friend Organizations: Nike, NIKE, LSEG, Asia Locations: Nice, France, China, North America, Europe, Middle East, Africa, America

☆ Europe wants to send data centers into space — study says it's possible
▼ + stars: | 2024-06-27 | by ( April Roach | ) www.cnbc.com time to read: +5 min

A data center. The industry is about to be hit with a "wave of data tsunami," said Merima Dzanic, head of strategy and operations at the Danish Data Center Industry Association. A "whole different approach to how we build, design and operate data centers," is required, Dzanic added. Eco launchASCEND's goal was to explore the potential and comparative environmental impact of space-based data centers to aid Europe in becoming carbon-neutral by 2050. Yet Dzanic warned the somewhat "fringe" idea of space-based data centers doesn't fully solve the issue of sustainable energy usage.

Persons: Erik Isakson, Damien Dumestier, Dumestier, Merima Dzanic, Dzanic, Michael Winterson, Andrey Semenov Organizations: DigitalVision, Thales Alenia Space, European Commission, CNBC, International Energy Agency, Danish Data Center Industry Association, International Space, European Data Centre Association, Istock, Getty Locations: Europe, Japan

☆ US stockpiles of the rare earth minerals it would need to fight a war against an adversary like China are a mystery, and experts warn it's a problem
▼ + stars: | 2024-06-27 | by ( Kelsey Baker | ) www.businessinsider.com time to read: +8 min

Part of the military's mission at home is to keep stockpiles of goods like critical minerals on hand for emergency wartime use. In the dark on the stockpileAlthough the name suggests otherwise, rare earth minerals are not exactly rare — in fact, they're relatively plentiful. The Biden administration began cutting American imports of Chinese rare earth minerals a few years ago in an effort to decrease US reliance on China for critical minerals. Submarines, fighter aircraft, magnets used in missiles, radar systems, and drones all require critical earth minerals for manufacturing. AdvertisementA past report for Congress on rare earth minerals for national defense, for instance, noted that a single Virginia-class submarine requires 9,200 pounds of rare earth minerals, while an Arleigh Burke-class destroyer requires 5,200 pounds.

Persons: —, Biden, Lockheed Martin, Gregory Wischer, Wischer, Arleigh Burke, Halsey, Sampson, Chris Williamson Fabian Villalobos, Locke Organizations: Service, Business, Pentagon, Lockheed, Getty, Gratia, Defense Logistics Agency, of, Department of Defense, Defense Industrial Strategy, . US, Pacific, DoD, Materials, Lynas, Joint Base, Hickam . US Navy, RAND Corporation, National Defense, NDS, Industrial Base Locations: China, Fort Worth, Virginia, Arabian, Japan, South Korea, United States, California, Lynas USA, Texas, Vermont, Hickam

☆ Luxury-travel advisors are in demand as Gen Z and millennials splurge on stress-free, meaningful vacations
▼ + stars: | 2024-06-27 | by ( Mariette Williams | ) www.businessinsider.com time to read: +8 min

Luxury travelers are not necessarily looking for the best deals but the best way to plan a trip without the hassle. Business Insider talked to three luxury-travel advisors about the industry's growth and how to transition into travel advising. D. Tours TravelAngela Adto Tepper, the owner of AZA Luxury Travel, said that the shift toward luxury travel had increased since the pandemic, with more Americans prioritizing travel. Traveler agents work on commission, getting a percentage of hotel, cruise, or tour costs, which is paid after a trip is over. Travel advisors can also offer complimentary upgrades and have access to experiences that might not be available to the public.

Persons: Gen, —, Gen Z, Diana Hechler, Hechler, Angela Adto Tepper, Tepper, it's, Maurice Smith, Eugene Toriko, Smith Organizations: Service, Travelers, Grand View Research, Agents, Business, AZA, Advisors, Michelin

☆ It looks like Nvidia failed to soothe skittish investors
▼ + stars: | 2024-06-26 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This story is available exclusively to Business Insider subscribers. Huang also failed to mention during the meeting when exactly the company's next-generation AI chip, Blackwell will become available, although he said it would be "the most successful product" in Nvidia's history. Nvidia serves over five million developers and 40,000 companies, including thousands of AI companies. Nvidia declined a request for comment from Business Insider.

Persons: —, it's, Jensen Huang didn't, Sam Altman, Elon Musk, Huang, Blackwell Organizations: Service, Microsoft, Business, Google, Nvidia

Pillowboard sits low and hidden by pillowsSilk & Snow Wooden Bed Frame The Silk & Snow Wooden Bed Frame is a reasonably priced bed frame made of sustainable wood that doesn’t require any tools or screws for assembly. AdvertisementThuma vs Silk & Snow PriceThuma Platform Thuma + Pillowboard Thuma + Headboard Thuma + Headboard + Cushion Silk & Snow Platform Silk & Snow (with headboard) Price (Queen) $1,095 $1,295 $1895 $2,085 $850 $1,250 (boucle), $1,300 (solid), and $1,700 (rattan)The Thuma and Silk & Snow bed frames may be similar in design, but their price varies greatly. Emily Hochberg/Business InsiderWhere Silk & Snow bed frame customers get a 30-night free trial, Thuma bed buyers get 100 nights to try out their bed frame. AdvertisementThe bottom lineIn comparing the Thuma and the Silk & Snow bed frames, our first inclination is to advise potential buyers to go with the Silk & Snow bed frame. Read our Thuma bed frame review and Silk & Snow wooden bed frame review.

Persons: Thuma, Snow, Pillowboard, Cal King, King, Upcycled, Emily Hochberg, Alex Temblador, Price, it's Organizations: Business, Twin XL, Cal, Cal King Twin, XL Locations: California, Southeast Asia, Vietnam

☆ Wall Street strategists see limited gains for the rest of year after big first half
▼ + stars: | 2024-06-26 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

There may not be much upside left this year in the S & P 500, at least according to the paid seers on Wall Street. The S & P 500 is up 15% so far in 2024, while the Nasdaq has added 18%. .SPX YTD mountain S & P 500 In fact, the S & P 500 is anticipated to stall even with a flurry of strategists recently upping their targets. Similarly, Evercore ISI's Julian Emanuel anticipates the S & P 500 could end the year at 6,000 , the highest forecast in CNBC's survey. By year end, Lakos-Bujas anticipates the S & P 500 will fall to 4,200, or a more than 20% plunge.

Persons: Goldman Sachs, David J, Kostin, Evercore ISI's Julian Emanuel, buybacks, Russell, Piper Sandler, Dubravko Lakos, Bujas Organizations: Nasdaq, CNBC PRO, Deutsche Bank, Tech, Microsoft, Dow Jones, Nvidia

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