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☆ G20 summit: President Joe Biden is hoping to convince the world's largest economies to rally behind Ukraine at summit in New Delhi
▼ + stars: | 2023-09-09 | by ( Kevin Liptak | ) edition.cnn.com time to read: +5 min

New Delhi CNN —President Biden was hoping to convince the world’s largest economies to rally behind Ukraine during Saturday’s Group of 20 summit in India while also pressing his case for American investment in the developing world. And he was unveiling new reforms and investments in the World Bank, which the White House says could unlock hundreds of billions of dollars in grants and loans for the developing world. Biden hopes to use his announcements on new infrastructure and investments as demonstration of US commitment to the developing world, and a better option for partnership than China. Without Xi attending, Biden will have the implicit opportunity to demonstrate sustained American commitment while questioning China’s. American officials said Saturday it wasn’t clear to them why Xi decided to skip the G20 for the first time.

Persons: Biden, Xi Jinping, Vladimir Putin —, White, Narendra Modi, haven’t, Biden’s, Jon, “, Xi, China’s, “ I’m Organizations: New, New Delhi CNN —, Ukraine, Saturday’s Group, —, World Bank, Diplomats, Indian, East, Ukraine skeptically, United Arab Emirates, European Union Locations: New Delhi, India, Europe, East, Asia, Ukraine, Russia, Delhi, North, West, Moscow, United States, China, Saudi Arabia, Beijing

Heavy artillery fire prevented entry into the village, as Russian forces shelled Ukrainian troops holding the area. Drone footage of the intense fight for the village has emerged in which dozens of Russian troops can be seen fleeing to the village’s south. More than 100 countries have banned the use of cluster weapons via treaty, though the Ukraine, Russia and the United States are not signatories to that international treaty. By comparison, Russian cluster weapons, also said to be in use during their invasion of Ukraine, are claimed by Western officials to have a dud rate of 30%. CNN was unable to confirm the devices identified by experts as likely cluster munitions in the videos from Urozhaine were US-supplied weapons.

Persons: Hanna Maliar, treelines, Dykyi, ” Dykyi, Biden, “, Harry Potter, ” Organizations: Ukraine CNN —, CNN, Marines, Western, Ukrainian, Ukrainian Armed Forces, Reuters Locations: Urozhaine, Ukraine, Mariupol, Russia, United States, Russian

☆ ChatGPT isn't good enough to take jobs and is unlikely to cause mass layoffs: 'The hot takes have run into reality'
▼ + stars: | 2023-08-15 | by ( Alex Kantrowitz | Douglas Gorman | ) www.businessinsider.com time to read: +5 min

Kantrowitz writes that AI is still not good enough to handle most jobs. As soon as artificial intelligence began to read, write, and code, all manner of professions were supposed to automate — fast. AI technology, however impressive, is still not good enough to handle most jobs. Such complexity exists in every field, so anytime you see a company announce that it's replacing workers with AI, read that with some skepticism. To be sure, there will be jobs affected by this wave of AI, as when any new technology arrives.

Persons: Alex Kantrowitz, Kantrowitz, —, Sarah Guo, Harvey, hasn't, it's, Daren Orzechowski, Orzechowski, Aaron Levie, Bradley Erickson Organizations: Big Technology, Morning, Allen, Overy, Mayo Clinic, Mayo, IBM Locations: United States

☆ How Did We Do? A Review of 2022 Before Our First Poll of 2023.
▼ + stars: | 2023-07-28 | by ( Nate Cohn | More About Nate Cohn | ) www.nytimes.com time to read: +7 min

With the data from 2022 in and final, we’ve been poring over the data — including our experiment in Wisconsin — to identify opportunities for improvement. The big Wisconsin mail experiment — where we paid voters up to $25 dollars to take a mail survey — didn’t reveal anything especially alarming about our typical Times/Siena polls. On many measures — gun ownership, evangelical Christianity, vaccination status — the Times/Siena poll looked more conservative than the mail poll. The Wisconsin study did offer ambiguous evidence that Times/Siena phone respondents lean a bit farther to the left than the respondents to the mail survey. We’re reordering our questionnaires to let us look at and potentially use respondents who drop out of a survey early.

Persons: we’ve, we’ll, Donald J, Trump, MAGA, That’s, they’ve, We’re, Ron DeSantis Organizations: Times, Kansas, Democratic, Democrats, Republican Locations: Wisconsin, Siena

☆ How 'Birkin Bandit' George Mickum Infiltrated NYC Society
▼ + stars: | 2023-07-12 | by ( Kate Taylor | Anna Silman | ) www.businessinsider.com time to read: +52 min

"He would know people's weaknesses and what they wanted and somehow always have something to offer," a former close friend said. Another close friend said Mickum once gave her a $1,000 loan "within minutes" when she needed it because of a credit-card crisis. He never "let the truth get in the way of a good story," a former close friend said. Hermès bags, like the Birkin and the Kelly, have always been symbols of unattainable luxury. There wasn't even a dust bag; Mickum claimed his mom's assistant would drop it off later.

Persons: George Mickum strode, Carlyle, Patty Hearst, He'd, Mickum, Birkin, swilling, Patty's, Gillian Hearst, Mr, George Mickum, Gillian Hearst's, George, Sally Painter, who'd, Peter Davis, Jackie O, Barbara Walters, Alessia Fendi, influencer Hannah Stella, Nick Hissom, Steve Wynn, Hearst, they'd, Prince Charles, Anna Delvey, Patty Hearst's, Rumor, he'd, wasn't, Met Breuer, Peter Poopat, George Santos, Trinity, Elisabeth Thieriot, Thieriot, Hermes, —, Painter, Paul Mickum, George Mickum III, Sally, Painter's, Poopat, PJ Pascual, Patrick McMullan, Ramona Singer, Lauren Lawrence, Lawrence, Van Cleef, Nicole Salmasi, Trudy, Mike Vitelli, Eric Schmidt, Schmidt, Eric, R, Couri Hay, They're, Astor, William Randolph Hearst, Orson Welles, Kane, Gillian's, Bill Clinton, Patty, Bernard Shaw, Gillian, Lydia —, Shaw, Maxim, Lydia, Kane we're, Christian Simonds, Pierre, Krista Corl, Dee Dee, Scott Buccheit, Naeem Delbridge, Pascual, who's, We're, buttering, Simonds, Matthew Kehoe, England, — Hearst, Delbridge, Hearst's, Mario Glen Coco, Hearsts, Astrid Stawiarz, Tiger Woods, Ernie Els, Justin Timberlake, Joe Lewis, Buccheit, Mary McCarthy, Lillian Hellman, Mickum's, Christie Grimm, Steve, Kameron Ramirez, Hissom, Ramirez, Nick, Hunt, Damien Hirst, Douglas Elliman, Harry Winston, David Fiszel, invitees, Fiszel, Darian, Winston, Martha Stewart's, Mendel minks, Vacheron Constantin, Tao, Melinda French Gates, Shawn Mendes, Bill, Hillary Clinton, Neiman Marcus, Damien Hirst's, Damien, weren't, Kelly, Alexis Clarbour, Clarbour, Paul Wharton, you've, Wharton, Sean Zanni, Michael Coste, Hannah Stella, Coste's, Stella, Scott Fitzgerald, Coste, Goodman, Courroies Birkin, didn't, Aman, Cartier, Mickum's bluster, skeptically, satchel, Clarbour's, He's, We've, Sider, Philippe, Buccheit texted Pascual, he's, Hay, Café Carlyle, Alexander Hankin, Burisma, Hunter Biden, Mickum hasn't, There's, They've, Amy X, Wang, King Charles, Tracey Amon, Amon, GEORGE MICKUM Organizations: Hearst, Blue, Potomac, Hamptons, East, Met, University of Delaware, Southampton Bathing Corporation, Fields School, Georgetown Law, DC, Town &, New York Daily News, The New York Times, Google, Carnegie, Rockefeller, Cosmopolitan, Symbionese Liberation Army, Hearst Corporation, Vogue, Society of Memorial Sloan Kettering, Stockbridge Golf, New, Tiger, Tottenham, Douglas, Martha Stewart's Hamptons, Mickum, Projects, Madison, Getty, Antibes, Nike, Rue du Faubourg Saint, Couture, US, UN, New Yorkers, Avenue Couture, Hermès, Republican, Justice Department, Blue Star, Town, New York Times Magazine Locations: Bemelmans, Clinton, York, Palm, New, London, Manhattan, Dalton, Bay, Windsor Castle, Haute, Washington , DC, New York, Baccarat, The, San Francisco, Wilton , Connecticut, Side, Wyntoon, California, Buccheit, woodsy Stockbridge , Massachusetts, Stockbridge, Bahamas, Albany, Nobu, Martha, Peking, Paris, Istanbul, St, Georgetown, China, Italy, Hermès, Amalfi Coast, du, Midtown, brunch, Rue, Central Park, Mickum, Turkey, La, Café, Ukrainian, Ukraine

☆ New York to Ban Natural Gas, Including Stoves, in New Buildings
▼ + stars: | 2023-04-28 | by ( Liam Stack | ) www.nytimes.com time to read: +1 min

New York may soon become the first state in the nation to ban natural gas in new construction under a budget deal announced by Gov. But it was opposed by the oil and gas industry and treated skeptically by some consumers. Environmental groups warned that the details of the plan were still unclear and said they worried it may contain a provision that would allow local governments to effectively veto the measure. But Katy Zielinski, a spokeswoman for the governor’s office, said on Friday that no such measure was included in the deal. “The new law will not have any loopholes that will undermine the intent of this measure,” said Ms. Zielinski.

☆ The UK blocked Microsoft's Activision deal. Here's what it means for U.S. regulators
▼ + stars: | 2023-04-27 | by ( Lauren Feiner | ) www.cnbc.com time to read: +3 min

The U.K. Competition and Markets Authority's decision to block Microsoft's proposed acquisition of "Call of Duty" maker Activision means the U.S. does not need to stand alone in its challenge of the massive $69 billion deal. In the latest hurdle for the deal, the CMA argued the acquisition threatens to hurt competition in the nascent cloud gaming market. But it did not challenge potential competition concerns in console gaming, after saying last month that evidence from industry participants convinced the agency that the transaction wouldn't harm competition in that particular market. The FTC claimed the proposed acquisition would likely reduce competition or create monopolies in markets for gaming subscription services, cloud gaming and high-performance consoles. WATCH: Microsoft-Activision deal collapse a 'discouraging' move for Big Tech, says former FTC commissioner

☆ Appeals court largely sides with Apple on ‘Fortnite’ antitrust case
▼ + stars: | 2023-04-24 | by ( Brian Fung | ) edition.cnn.com time to read: +4 min

Washington CNN —A federal appeals court largely sided with Apple on Monday in a closely watched case about its app store policies, a decision that could complicate future efforts to regulate app store operators and frustrate claims that Apple behaves monopolistically. Apple responded by removing Fortnite from the iOS App Store, a move Epic anticipated and that prompted Epic to sue. On Monday, in addition to siding with Apple on the antitrust claims, the appeals court held that Apple is entitled to have Epic cover its legal fees stemming from the countersuit, reversing a lower-court decision. That finding could give some ammunition to critics of app store operators. Both sides now have several weeks to determine whether to seek a rehearing from the appeals court or to appeal to the Supreme Court.

☆ Houthis try to reassure skeptics they won’t seek full control of Yemen, as Saudis eye exit
▼ + stars: | 2023-04-14 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +8 min

“If we were not looking for full control during the war, then we will not look for full control at any other time,” al-Houthi told CNN. It spiraled into a wider war in 2015 when a Saudi-led coalition intervened in an attempt to beat back the Houthis. A Saudi delegation arrived in Sanaa on Sunday for talks with the Houthis aimed at securing a permanent ceasefire. The Houthi leader told CNN he expected Saudi Arabia to ensure the departure of all foreign forces, including the UAE, from the country. “We are in agreement (with the Saudis) that we need all foreign forces to leave Yemen,” he said.

☆ This ETF with a yield of almost 10% faces big earnings tests this week
▼ + stars: | 2023-04-12 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

The first wave of first-quarter earnings will put two of the biggest holdings of a red-hot ETF under the microscope. The JPMorgan Equity Premium Income ETF (JEPI) , which uses stock selection to find value plays and equity-linked notes to generate additional yield, has a 12-month rolling dividend yield of more than 11% and a 30-day SEC yield of 9.59%. But stock selection is still a big part of JEPI's performance, and earnings season can put that to the test. Two of the fund's top holdings, as of Tuesday, are set to report earnings this week: Progressive and UnitedHealth . Moreover, the Mayfield, Ohio-based Progressive only accounts for 0.25% in the SPDR S & P 500 ETF Trust (SPY) , but has a 1.6% weighting in JEPI.

☆ Justices Express Skepticism at Holding Google Liable for Content
▼ + stars: | 2023-02-21 | by ( Jess Bravin | ) www.wsj.com time to read: +1 min

Parents of Nohemi Gonzalez, who died in a terrorist attack in Paris in 2015, discussed arguments against Google outside the U.S. Supreme Court on Tuesday. WASHINGTON—Supreme Court justices reacted skeptically Tuesday to claims that YouTube parent Google LLC could be sued for algorithms that automatically recommended extremist recruiting videos, the first argument in a two-day round of arguments testing the liability of internet providers for material posted online. A 1996 measure, Section 230 of the Communications Decency Act, shields providers from liability for content others upload to their platforms, a protection the industry says permitted the internet economy to grow into the giant it has become. At the same time, such immunity has been blamed for the proliferation of noxious content—including, in this week’s cases, posts that allegedly helped foment attacks by the terrorist group Islamic State.

☆ Supreme Court Justices Express Skepticism at Holding Google Liable for Content
▼ + stars: | 2023-02-21 | by ( Jess Bravin | ) www.wsj.com time to read: 1 min

Parents of Nohemi Gonzalez discussed the case against Google outside of the Supreme Court on Tuesday. WASHINGTON—Supreme Court justices reacted skeptically Tuesday to claims that YouTube parent Google LLC could be sued for algorithms that automatically recommended extremist recruiting videos, the first argument in a two-day round of arguments testing the liability of internet providers for material posted online. A 1996 measure, Section 230 of the Communications Decency Act, shields providers from liability for content others upload to their platforms, a protection the industry says permitted the internet economy to grow into the giant it has become. At the same time, such immunity has been blamed for the proliferation of noxious content—including, in this week’s cases, posts that allegedly helped foment attacks by the terrorist group Islamic State.

☆ An A.I. Pioneer on What We Should Really Fear
▼ + stars: | 2022-12-26 | by ( David Marchese | ) www.nytimes.com time to read: +13 min

Pioneer on What We Should Really FearArtificial intelligence stirs our highest ambitions and deepest fears like few other technologies. Can you explain what “common sense” means in the context of teaching it to A.I.? A way of describing it is that common sense is the dark matter of intelligence. I don’t know what “solving” should look like, but what I mean to say for the purpose of this conversation is that A.I. It’s common sense not to kill all the plants in order to preserve human lives; it’s common sense not to go with extreme, degenerative solutions.

☆ Elon Musk showed off updates to his brain chips and said he’s going to install one in himself when they are ready
▼ + stars: | 2022-12-01 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

Elon Musk's health tech venture Neuralink shared updates to its brain-implant technology during a "show and tell" recruitment event Wednesday night. "We're confident there are no physical limitations to restoring full body functionality," Musk said. Neuralink could begin to test the motor cortex technology in humans in as soon as six months, Musk said. "You could have a Neuralink device implanted right now and you wouldn't even know. Musk showed footage of a monkey with a computer chip in its skull playing "telepathic video games," which Neuralink first debuted over a year ago.

☆ Google has a secretive project that could reduce the need for human engineers
▼ + stars: | 2022-11-23 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

Today, we've got the details on Elon Musk walking back perks at Twitter, and news on a secretive project at Google. Google has a secretive new project that teaches code to write itself. In this case, the goal is to reduce the need for humans to write and update code, while maintaining code quality. It later moved into Google Labs — a transition that signaled its increased importance to leaders, with Google Labs pursuing long-term bets. Elon Musk put an end to some Twitter perks.

☆ Insiders detail how Wall Street is preparing for a post-FTX world, from heightened scrutiny on crypto deals to rethinking hiring plans
▼ + stars: | 2022-11-22 | by ( Morgan Chittum | Bianca Chan | Carter Johnson | ) www.businessinsider.com time to read: +12 min

Most Wall Street firms have executed big crypto and blockchain initiatives. The ties between Wall Street, Main Street, and digital assets have never been tighter. Some traditional firms have chosen crypto custodians to do that for them, while others offer it themselves. Fidelity also has its own digital assets custody offering, and reportedly had plans to continue building out its digital-asset team as recently as late October. 121, which requires most SEC registrants to record the fair value of custodied digital assets as a liability.

☆ The CEO of a company that's purchased $7 billion in real estate expects competitors who've relied on cheap debt will get washed out
▼ + stars: | 2022-11-21 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +4 min

As borrowers' debt comes due, rising interest rates will cause defaults and sales. Defaults could cascade through the financial system, putting "trillions" of dollars at risk. After nearly 15 years of rock-bottom interest rates, financial markets — including real estate — are being weaned from easy money by Federal Reserve rate hikes, Benjamin Miller, the CEO, said. Suddenly, landlords might be on the hook for 20% or more of the total value of the property, and their interest rates will be at least double what they were. An even bigger risk to the financial system lies with interest-rate derivatives, or financial contracts used to mimic or bet against rate moves.

☆ Germany is open to trade with China but isn’t ‘stupid,’ country’s economy minister says
▼ + stars: | 2022-11-14 | 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 EmailGermany is open to trade with China but isn’t ‘stupid,’ country’s economy minister saysGerman Economy Minister Robert Habeck said the country is open to trade with China but isn't "stupid," and lists the industries where Germany regards money from abroad "skeptically."

☆ Germany is open to trade with China — but we're not stupid, vice chancellor says
▼ + stars: | 2022-11-14 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +1 min

China is a trade partner but Germany has to be careful, Economy Minister Robert Habeck told CNBC's Tanvir Gill. Germany is open to strengthening ties with China but would need to remain cautious on where any investment goes, the country's Economy Minister and Vice Chancellor Robert Habeck said. That's not saying we are a stupid market, so we have to be careful," Habeck told CNBC's Tanvir Gill Saturday in Singapore. Habeck's comments come after German Chancellor Olaf Scholz made a controversial solo trip to China to meet President Xi Jinping in early November. Habeck also told CBNC which industries should and should not form closer bonds with China, saying there are some sectors "which are not open for sale."

COLUMBUS, Ohio — Republican J.D. And in interviews with NBC News after campaign events here Saturday, Vance and Ryan both spoke as if victory was within reach. And Trump endorsed Vance in a crowded GOP primary, seeming to relish the thought of elevating a high-profile convert. Vance, he joked at a September rally in Youngstown, is now “kissing my a--.”“The Trump tough guy stuff and J.D. The problems that the Republican Party needs to respond to are different.

The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly/File PhotoNEW YORK, Oct 19 (Reuters) - Goldman Sachs Group Inc's (GS.N) strategy pivot has solved one problem for investors who didn't love its foray into consumer banking. Solomon's response: Goldman Sachs is focusing on its fundamental operations while maintaining its financial targets. "Ultimately the investment banking business is a great business, it has always done well," he said. "While the consumer strategy has been successful in generating deposits for Goldman Sachs, its expansion has also been costly in terms of operating expenses and provisions.

☆ I was in El Salvador, where bitcoin was accepted everywhere. Here's why their risky crypto experiment just might work.
▼ + stars: | 2022-03-16 | by ( Alex Kantrowitz | ) www.businessinsider.com time to read: +5 min

Bitcoin enthusiasts are waiting to see if if the bitcoin experiment will succeed, or tragically implode. Right after I hopped out the back of a pickup in El Zonte, El Salvador, I recognized I wasn't in an ordinary beach town. The bitcoin movement in El Salvador began in El Zonte when a California surfer named Mike Peterson received an anonymous $100,000+ bitcoin donation for the town's residents. For bitcoin's true believers, there's a ton riding on the El Salvador experiment. El Salvador's bitcoin experiment may not work, it could implode, but there's a chance it succeeds, and that makes it worth trying.

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