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The jury ordered the NFL to pay out $4.7 billion in damages to individual subscribers of the league's "Sunday Ticket" package, which gives viewers access to out-of-market games. The jury also awarded $96 million in damages to business subscribers. Plaintiffs in the case accused the NFL of selling the "Sunday Ticket" package at an inflated price, forcing viewers to overpay for access to out-of-market games. AdvertisementThroughout the trial, the NFL argued it was allowed to sell its "Sunday Ticket" package under an existing antitrust exemption, ESPN reported. The "Sunday Ticket" package dates back to the 1990s when DirecTV was first introduced.
Persons: Organizations: Service, NFL, Business, New, New Orleans Saints, ESPN, DirecTV, YouTube Locations: California, New Orleans, Los Angeles, San Francisco sports
watch now"Without data security and user privacy protection, AI will become worthless," Zhao said in Mandarin, translated by CNBC. But I believe on-device AI, in its capabilities and empowerment of consumers, will become more and more intimate, more and more understanding." "It will give consumers more support and help them interact with the future AI world," he added. He said a system collecting lots of user data to deliver more personalized features becomes a "stronger" object compared to the individual using the system. The Honor Magic V2, the latest foldable smartphone from the Chinese manufacturer, is on display at the Mobile World Congress 2024 in Barcelona, Spain.
Persons: George Zhao, John Hoffman, Zhao, Apple, OpenAI's Organizations: Shanghai Mobile, Congress, CNBC, Apple, Mobile, Apple Intelligence, Baidu, Google, Nurphoto, Getty Locations: HANGZHOU, China, U.S, Shanghai, Barcelona, Spain
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Of the 14,450 millionaire businesses in this sector, 874 have revenues over $2.5 million. Millionaire businesses make up 0.38% of all one-person businesses in this sector. Millionaire businesses in construction made up 0.24% of total one-person construction businesses. On the flip side, utilities, mining, and manufacturing ranked lowest for millionaire businesses.
Persons: , Nick Huber Organizations: Service, Census Bureau, Business, Census, Finance
U.S. Federal Reserve Chair Jerome Powell delivers remarks during a press conference following the announcement that the Federal Reserve left interest rates unchanged, in Washington, U.S., June 12, 2024. The U.S. Federal Reserve and European Central Bank could move to cut interest rates in September as key data provides further signs that inflation is cooling in the U.S. and the euro zone, a Morgan Stanley strategist said Friday. "We're more optimistic that both the Fed and ECB will cut rates in September," he told "Squawk Box Europe." And I think, for the Fed, inflation is continuing to fall," he added. A majority of economists polled by Reuters now anticipate the Fed will cut interest rates from its current range of 5.25% to 5.50% this September, with a further trim projected later in the year.
Persons: Jerome Powell, Morgan Stanley, Andrew Sheets, Sheets Organizations: Federal, Federal Reserve, U.S . Federal Reserve, European Central Bank, CNBC, Fed, ECB, Reuters Locations: Washington , U.S, U.S, Europe
President Biden struggled through his first debate of the 2024 campaign against Donald J. Trump, meandering and mumbling through answers as the former president pressed his case for a second term with limited resistance from his rival. Mr. Trump was confident and forceful, even as he let loose a stream of misleading attacks and falsehoods. Mr. Biden spoke with a hoarse and halting voice, closing his eyes occasionally to gather thoughts that sometimes couldn’t be corralled. About halfway through, people close to Mr. Biden put out word that he had a cold. Mr. Trump relentlessly hammered Mr. Biden on areas of vulnerability, sending exaggerations and embellishments — he was the “greatest” and his opponent the “worst” — flying unchecked through the audience-free CNN studio in Atlanta.
Persons: Biden, Donald J, Trump, Mr Organizations: Trump, CNN Locations: Atlanta
Gold set for third quarterly gain; traders await US inflation data
  + stars: | 2024-06-28 | by ( ) www.cnbc.com   time to read: +2 min
Gold prices eased on Friday, but were set for a third straight quarterly rise, while investors looked forward to U.S. inflation data due later in the day for more clarity on the Federal Reserve's interest rate-cut timeline. After adding to its gold reserves for 18 consecutive months, official data from the People's Bank of China (PBOC) showed its holdings were flat in May. A survey by the World Gold Council, however, found that more central banks may increase gold reserves within 12 months. Gold rose more than 1% in the previous session after data showed a continued, though moderate, slowdown in U.S. economic activity. A soft set of PCE figures is required to keep hopes of Fed easing alive and further support gold, City Index senior analyst Matt Simpson said.
Persons: Ilya Spivak, Michelle Bowman, Matt Simpson Organizations: Heraeus, Solar, People's Bank of China, World Gold Council, City Index Locations: Budapest, Hungary, U.S, China
CNN —Bolivia has arrested more than a dozen high-ranking military and intelligence officials following a failed attempt to unseat the country’s president in a coup allegedly led by its former army chief. All three men are among 17 people arrested so far in connection with Wednesday’s events – most of them members of the military, the report says. Other top officials arrested include military intelligence chief Julio Buitrago. As he was being arrested Zúñiga alleged – without providing evidence – that he was acting on Arce’s instructions. The investigation into Wednesday’s events will continue until all “participants” in the coup are identified, according to the Bolivian government report.
Persons: Juan Jose Zúñiga, Juan Arnez, Julio Buitrago, Jorge Bernal, Zúñiga –, Luis Arce –, Zúñiga, Arce, Ivan Lima, Zúñiga’s, , Aizar Raldes, Edmundo Novillo, Evo Morales Organizations: CNN, Military, Plaza Murillo, Bolivian, Getty, Air Force Locations: Bolivia, Bolivian, American, Quemado, La Paz, AFP, La Paz , Bolivia
I watched the Biden-Trump debate alone in a Lisbon hotel room, and it made me weep. I cannot remember a more heartbreaking moment in American presidential campaign politics in my lifetime — precisely because of what it revealed: Joe Biden, a good man and a good president, has no business running for re-election. And Donald Trump, a malicious man and a petty president, has learned nothing and forgotten nothing. The Biden family and political team must gather quickly and have the hardest of conversations with the president, a conversation of love and clarity and resolve. The Republican Party — if its leaders had an ounce of integrity — would demand the same, but it won’t, because they don’t.
Persons: Joe Biden, Donald Trump, Biden, Trump, Kamala Harris Organizations: Biden, Trump, Democratic National Convention, Republican Party, Democrats, Democratic, Atlanta, America Locations: Lisbon, America, Chicago
Opinion | Biden Cannot Go on Like This
  + stars: | 2024-06-28 | by ( Frank Bruni | ) www.nytimes.com   time to read: +1 min
I’m not sure I’d ever watched Donald Trump lie so incessantly, extravagantly and unabashedly, and that’s saying something. He lied about his relationship with the military, about his concern for the environment — about pretty much any and every subject that came up. But President Biden failed to take advantage of it. Biden, 81, came into his face-off with Trump knowing that many voters were concerned about his age and had doubts about his sharpness. And he and they spent much of the past week devoted to preparation, preparation, preparation, pausing occasionally to assure nervous Democrats that Biden had this thing under control.
Persons: I’m, I’d, Donald Trump, Biden, He’d Organizations: Capitol, Trump Locations: Charlottesville, Va
In fact, for many if not most jobs, there are no legal prohibitions on hiring those with criminal records. And when a criminal record of any kind turns up, that can kill a person’s chances, regardless of how well-qualified they may be for a position, either because an employer has a high aversion to risk or a bias against those with a record, Love said. Or the paperwork and time required to get approval for someone with a criminal record may be such that an employer simply decides to look at candidates without a record. “Sometimes people believe they are required to turn my clients down because of a criminal conviction. That law provides for eligible conviction records to be automatically “sealed,” meaning they should no longer show up on employer background checks.
Persons: Donald Trump, Trump, he’d, , Margaret Love, aren’t, Love, Beth Avery, Avery, Sabina Crocette, Crocette, ” Crocette, Jason Hoge, Hoge, ‘ I’m, ” Hoge, Wes Moore Organizations: New, New York CNN, Employment Opportunity Commission, of Columbia, National Employment Law, Economic, Federal Deposit Insurance Corporation, Legal, Western, Employers, Whites, New York’s, Criminal, Services, Maryland Gov Locations: New York, United States, NELP, San Francisco, California , New York, Blacks
Read previewMy journey to finally landing a job at Google was an emotional roller coaster. Looking up at the stars on my walk home, I'd remember why I was working for my goal, grit my teeth, and do one more round of practice. My final attemptWhile I valued my experience at Amazon, Google still felt like an elusive dream to me. Qingyue(Annie) WangI have the job of my dreamsIt's been two years since I got the news that I'd finally landed a job at my dream company. I'm grateful to have had the opportunity to finally experience Google's culture and even become an internal career coach to support other Googlers in their career growth.
Persons: , I'd, hadn't, they'd, Annie, Wang I, It's, Qingyue, Wang Organizations: Service, Google, Business, Apple
Read previewNobel Prize-winning economist Joseph Stiglitz told Business Insider the US economy is "remarkably strong." "I think general consensus, not just my view, but almost anybody modeling what is going on would say the Trump administration would be more inflationary," Stiglitz told BI. AdvertisementStiglitz noted Trump's promise of large increases in tariffs as one of the things that could make inflation worse. AdvertisementA third factor that could juice inflation would be the "drastic reductions in immigration" that Trump has proposed, Stiglitz said. Outside of the risks to inflation, Stiglitz said a Trump presidency could also mean a slowing GDP.
Persons: , Joseph Stiglitz, Stiglitz, Trump, Axios, Joe Biden, Trump's, Karoline Leavitt Organizations: Service, Democratic, Republican, Business, Trump, U.S, Republicans, CNN Locations: U.S
Image Israel’s finance minister, Bezalel Smotrich, center, has threatened not to renew the provision, which makes it easier for Israeli banks to work with Palestinian banks. But many called the West Bank’s current economic predicament the most difficult yet. Before the war, Mahmoud Abu Issa, 53, was earning over $2,000 a month — an enviable salary in the impoverished West Bank — as a construction worker in Israel. If Palestinian banks want to offer shekel accounts, they must maintain links with Israeli banks and rely on them to process shekel transactions. Since 2017, Israel’s Finance Ministry has issued the waiver indemnifying the Israeli banks, according to Lilach Weissman, a spokeswoman for the ministry.
Persons: Bezalel Smotrich, Smotrich, Israel, Biden, Mr, Smotrich —, , Menahem Kahana, Mahmoud Abu Issa, , Abu Issa, Mohammad Rabee, Shadi Abu Afifa, , Abu Afifa, Jake Sullivan, Lilach Weissman, Akram Jerab, Eytan Fuld, Azzam, Shawwa, Rawan Sheikh Ahmad Organizations: West Bank, Palestinian Authority, Palestinian, Agence France, Mr, Palestinian Authority’s Finance Ministry, Israel’s Finance, Quds Bank Locations: Gaza, Bank, U.S, Israel, Hebron, , Palestinian, Palestine
Read previewThis as-told-to essay is based on a transcribed conversation with Diana Welsch about training to be a car mechanic instead of going to grad school. I went to trade school instead of grad schoolI decided to go to trade school in 2014. AdvertisementI got a dream job at TeslaAt my trade school fair, I saw that Tesla was hiring trainees. I left Tesla later that yearI'd wanted to stay at Tesla my whole life — it was the most fun job ever. I wish I had gone to trade school after high school instead of college.
Persons: , Diana Welsch, I've, Tesla, I'd, Elon Musk, Uncle Elon, Elon, they'd Organizations: Service, Business, Universal Technical Institute, Sun Devil, Tesla, Bluetooth, LA, Management Locations: Arizona, Phoenix, Los Angeles, North Dakota
I found this levered concept incredibly valuable when I ran other peoples' money at my hedge fund years ago. My first question to them, usually interjected, rudely, if I were bored or confused was: "What the heck is this business levered to?" Palo Alto Networks To understand this kind of leverage that I am talking about — as opposed to the kind that involves debt —let's start with something easy, let's start with the stock of Palo Alto Networks . We own Palo Alto because its fortunes are levered to something that has the most explosive growth of an industry I know: cybercrime. If we didn't own Palo Alto we would own CrowdStrike.
Persons: , Nikesh Arora, Estee Lauder, Wynn, Fabrizio Freda, Jim Cramer's, Jim Cramer, Jim, Virginia Sherwood Organizations: Palo Alto, Palo Alto Networks, Wynn, GE Healthcare, Danaher, Wynn Resorts, Costco TJX Companies, Costco, Jim Cramer's Charitable, CNBC, NYSE Locations: Palo, China, Las Vegas, Macao, Maxx
Dollar barges past 161 yen and eyes quarterly rise
  + stars: | 2024-06-28 | by ( ) www.cnbc.com   time to read: +2 min
The dollar was headed for a second straight quarterly gain and jumped to a near four-decade high on the battered yen in Asia trade on Friday, ahead of a crucial U.S. inflation reading. The dollar was headed for a second straight quarterly gain and jumped to a near four-decade high on the battered yen in Asia trade on Friday, ahead of a crucial U.S. inflation reading. At 172.37 per euro it traded at a lifetime low on the common currency as yen bears test authorities' resolve. The New Zealand dollar dipped 0.3% to $0.6065 on Friday, but was up 1.5% for the quarter. The U.S. dollar index was 0.2% stronger at 106.07 on Friday for a 1.5% quarterly rise.
Persons: Ray Attrill, Donald Trump, Joe Biden, Biden, NAB's Attrill Organizations: Republican, Democratic, New Zealand, U.S, Federal Locations: Asia, Tokyo, Australia, Sydney, Atlanta, U.S
Sopa Images | Lightrocket | Getty ImagesThe Japanese yen weakened to fresh 38-year lows on Friday, crossing the 161 mark against the dollar for the first time since 1986 and reaching a high of 161.27, according to LSEG data. The yen has been steadily deprecating since the Bank of Japan ended its negative interest rate policy and scrapped its yield curve control policy in March. Following the move, the currency crossed the 150 mark against the dollar, reaching 160 in late April before the country's finance ministry intervened. Stock Chart Icon Stock chart iconJapan's finance ministry confirmed that it intervened between April 26 to May 29 to the tune of 9.7885 trillion yen ($62.25 billion). The benchmark U.S. federal funds rate stands at 5.25% to 5.5%, while the Bank of Japan's benchmark interest rate is at 0%-0.1%.
Persons: Dong Chen, Dong Organizations: Currency Museum, Bank of Japan's Institute for Monetary, Economic Studies, Bank of Japan, Japan Ministry of Finance, U.S, Bank Locations: Asia, Swiss, Japan
Oil prices edge higher as supply risks mount
  + stars: | 2024-06-28 | by ( ) www.cnbc.com   time to read: +2 min
Oil prices rose in early Asian trading hours on Friday, setting up a third straight weekly jump, as concerns about supply problems from escalating geopolitical tensions and weather-related disruptions offset signs of weak demand. Oil prices rose in early Asian trading hours on Friday, setting up a third straight weekly jump, as concerns about supply problems from escalating geopolitical tensions and weather-related disruptions offset signs of weak demand. Oil prices have shrugged off signs of weak demand in the United States, the biggest oil consuming nation, and rallied higher as cross-border strains between Israel and Lebanon's Hezbollah escalated. On the demand front, rising U.S. crude stockpiles and weak gasoline consumption has kept a ceiling above oil prices. Government data this week showed an unexpected jump in crude inventories in the country as fuel demand weakened.
Persons: Brent Organizations: Brent, . West Texas, FGE Energy, U.S, National Hurricane Center Locations: United States, Israel, Iran, Lebanon, Turkey, U.S, Gulf Coast, Brent
Read previewAs a kid, Rob Chisholm was not drawn to the fast-paced, jet-setting life of a Wall Street banker. Well, maybe if I wanted to be an investment banker or something, I would care about that, Chisholm remembers thinking. Chisholm, on the other hand, is very open about his unorthodox path to Wall Street and the resulting feelings of being an outsider. AdvertisementWhen Chisholm was in college, he rejected the "cliche" of going to an Ivy League and getting a job on Wall Street. At the time, Chisholm admitted, Wall Street seemed like the "complete opposite in terms of the culture and the incentives" he thought he wanted.
Persons: , Rob Chisholm, Chisholm, Goldman Sachs, Frank Quattrone, Eager, dealmakers, he's, Wall, Goldman, I've Organizations: Service, Wall Street, Princeton, Business, Ivy League, Citi, Qatalyst Partners, Middlesex, Princeton's, Middlebury College, ACG Partners, Deutsche Bank, Investment Locations: Canada, Antigonish, Nova Scotia, Massachusetts, Vermont, Boston, San Francisco, tooting
Despite all the CNN logos filling viewers’ screens, and the nonstop hype that the network had piled onto Thursday’s prime time debate between President Biden and former President Donald J. Trump, the anchors Jake Tapper and Dana Bash mostly receded into the background as they moderated. At tense moments, the moderators deferred to the candidates to directly address each other’s claims. And the concerns that Mr. Trump might pick a showstopping fight with his CNN interlocutors proved unfounded. CNN had made clear ahead of time that its moderators would act as facilitators, not participants. Its chairman, Mark Thompson, called Mr. Biden and Mr. Trump “the stars of the show.” On that front, the network succeeded.
Persons: Biden, Donald J, Trump, Jake Tapper, Dana Bash, CNN interlocutors, Mark Thompson Organizations: CNN
Read previewPresident Joe Biden wanted the earliest major presidential debate in history. Biden turned in a performance so disastrous that prominent Democrats are questioning if the president can even go on. Advertisement"It was a really disappointing debate performance from Joe Biden," Kate Beddingfield, Biden's former White House communications direction, said shortly after Axelrod. I loved Joe Biden, I worked for Joe Biden," Jones said. Related storiesOne former White House aide told Politico that Biden's performance was "terrible."
Persons: , Joe Biden, Biden, Obama White, David Axelrod, Axelrod, Biden's, Kate Beddingfield, Van Jones, Jones, Kamala Harris, Harris, Anderson Cooper, Donald Trump, Robert Hur, Michael Hardaway, Hakeem Jeffries, — Michael Hardaway, Quentin James, James, Andrew Yang, it's, Eugene Daniels, wasn't, Biden relishes, Hur, Obama didn't, Obama's, David Plouffe Organizations: Service, Fox News, Obama, CNN, Business, White House, Major, Trump, White, Politico, Union, Collective PAC, New York Times, Times, Democratic, Georgia Tech's Locations: Iowa, Georgia
(Photo by Ajay Aggarwal/Hindustan Times via Getty Images)Indian government bonds reached a major milestone on Friday with their inclusion in JPMorgan's emerging market government bond index. Take the broad L&G India Government Bond exchange-traded fund, for instance. Anticipating the Wall Street bank's decision, alongside Bloomberg's move to include India in a similar index next year, markets have partly pushed up bond prices in 2024 despite the risks of inflation reigniting. While these moves by big Wall Street institutions might be lucrative for investors today, it's likely to dampen their returns over the longer term. After all, as bond prices rise their yields fall.
Persons: Ajay Aggarwal, Bloomberg's, that's Organizations: Hindustan Times, Getty Images, G India Government Bond Locations: DELHI, INDIA, New Delhi, India
An aerial view shows a Philippines Navy vessel that has been grounded since 1999 to assert the nation's sovereignty over the Second Thomas Shoal, a remote South China Sea reef also claimed by China. Experts say the latest incident represents an escalation and shows the limitations of the U.S.-Philippines Mutual Defense Treaty signed in 1951. Ezra Acayan | Getty Images News | Getty Images"The Philippines will continue to resupply the Sierra Madre, and hopefully invest in more outposts in their Exclusive Economic Zone in the South China Sea ... The Philippines defense chief has reiterated that the military would not announce its resupply missions to the shoal in advance. The country has also been working to bolster its own defense capabilities in the South China Sea with the support of the U.S.What's at stake?
Persons: Thomas, Jay Directo, Thomas Shoal, Philippines Mutual Defense Treaty, Chester Cabalza, Cabalza, Ezra Acayan, Richard Heydarian, Abdul Rahman Yaacob, Matteo Piasentini, Ferdinand Marcos Jr, Paisentini, Lowy Institute's Yaacob, Geopolitica's Organizations: Philippines Navy, Afp, Getty, U.S ., Philippines Mutual Defense, International Development, Security Cooperation, Bilateral, Philippine Coast Guard personnel, Coast Guard, University of the, U.S, Pacific Command, Philippines, Lowy, Asia Program, Philippine Navy, Sierra Madre Locations: Philippines, China, South China, Spratly, Philippine, Manila, Beijing, U.S, South, U.S . China, Washington, University of the Philippines, Philippine Government, United States, Pacific, Italian, Sierra, Asia
New York CNN —If you’re a PR person, I can’t possibly think of a harder job right now than working at Boeing. Boeing held a press conference from a factory in Renton, Washington, on Thursday to talk about quality improvements. But strangely enough, Boeing sharing that information itself got Boeing in trouble with the NTSB. Clean up, clean up everybody everywhereWhen the NTSB’s statement went out, Boeing’s PR team went back into crisis clean-up mode. At the same time, rules are rules no matter how hypocritical they are.
Persons: It’s, they’d, Max, Elizabeth Lund, Lund, Gregory Wallace, Chris Isidore, ” Lund, , that’s Organizations: New, New York CNN, Boeing, Alaska Airlines, Senate, National Transportation Safety Board, NTSB, , Department of Justice, CNN, Boeing’s PR Locations: New York, Renton , Washington
Courtesy of Louie ChanWhen the COVID-19 pandemic started, I heard there was a bigger need than usual for travel nurses. I decided to take a leap of faith, leave my family behind, and move to Texas for my first gig as a travel nurse. A typical travel nursing job lasts 13 weeks, and the rates fluctuateHospitals bring in travel nurses because they're short-staffed. Related storiesBecause travel nurses live away from home, we're given a tax-free stipend that covers housing and meals. I've always been interested in living in another country like Japan or Australia and would consider taking a travel nursing job abroad.
Persons: , Louie Chan, Chan, It's, I've, I'd Organizations: Service, Business, Stanford Hospital, Travel, CPA Locations: Bay, California, Texas, Cedars, Sinai, Los Angeles, Palo Alto, Japan, Australia
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