DIRS.INFO The most relevant business & tech news

☆ Used car retailer CarMax posts 33% drop in first-quarter profit
▼ + stars: | 2024-06-21 | by ( ) www.cnbc.com time to read: +2 min

Customers shop for used vehicles at a CarMax dealership in Lexington, Kentucky. Better offers and trade-in deals on new vehicles have also kept potential buyers at bay from considering used vehicles. For the reported quarter, overall revenue came in at $7.11 billion, falling short of analysts' estimates of $7.21 billion. Cox said that retail used-vehicle prices have been consistently lower through the first five months of 2024 compared with a year earlier. CarMax shares shares slipped in and out of positive territory in premarket trading.

Persons: CarMax, Cox Organizations: Better, Cox Automotive Locations: Lexington , Kentucky

☆ Tracking a Single Day at the National Domestic Violence Hotline
▼ + stars: | 2024-06-21 | by ( ) www.nytimes.com time to read: +15 min

Tracking a Single Day at the National Domestic Violence Hotline They call from work, to avoid being overheard, or from home before someone returns. The legal battles have underscored the pervasiveness of domestic violence and the strains on existing support for survivors. To capture a snapshot of the experiences of domestic violence survivors, The New York Times observed some of the calls and messages the hotline received in one day. Congress approved creation of a national hotline dedicated to domestic violence in 1994, including it in the landmark Violence Against Women Act. Josie Slawik, who began working to support domestic violence survivors after she arrived at an El Paso shelter, was there when the hotline took its first call in 1996.

Persons: I’m, Spikes, —, Isadora Kosofsky, ”, Katie Ray, Jones, “, it’s, Jose Tobias, “ It’s, Mr, Tobias, Hannah Tucker, Josie Slawik, Slawik, ” Ms Organizations: National, Staff, The New York Times, New York Times, The Times, Young, Seattle, The New York, Research, Fifth Circuit, Appeals Locations: New Orleans, California, New York, New England, Texas, Latina, Austin , Texas, Michigan, Alabama, Mississippi, Louisiana, North Carolina, You’re, El Paso

☆ 10 things to watch in the stock market Friday including more optimism on Apple's AI plan
▼ + stars: | 2024-06-21 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Meanwhile, Melius Research upped its price target on the leading artificial intelligence chipmaker to $160 a share from $125. Their new price target is $477 a share, down from $535. DA Davidson started coverage of Club name Palo Alto Networks with a buy rating and price target of $380 a share. Snowflake 's price target at Wells Fargo was lowered to $200 a share from $225, though analysts kept their buy rating on the data-analytics stock. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Stocks, Dow, Oppenheimer, Bernstein, Toni Sacconaghi, It's, Northrop Grumman, Analysts, Davidson, billings, Morgan Stanley, Frank Slootman, Jim Cramer's, Jim Cramer, Jim Organizations: Nasdaq, Nvidia, Research, Nike, Analysts, Apple, Northrop, Palo Alto Networks, Alcoa, JPMorgan, Kroger, Jim Cramer's Charitable, CNBC Locations: Freeport, McMoRan, Wells

☆ Prince William's birthday post is a welcome change for the royal family
▼ + stars: | 2024-06-21 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +6 min

Read previewAfter months of turmoil, the tides finally appear to be turning in Prince William and Kate Middleton's favor. AdvertisementThe lighthearted photo was a welcome change from the more formal approach they've taken to their public relations strategy in the past. Kate and William shared a photo of the prince with his children for his birthdayIn the photo, Princess Charlotte, Prince William, Prince Louis, and Prince George jump in the air on a beach, each sporting a big smile. William and Kate have not acknowledged the Prince of Wales' birthday on their social media channels since 2021, and the last time they celebrated his birthday with candid family photos was 2020. AdvertisementPrince William, Kate Middleton, Prince George, Prince Louis, and Princess Charlotte attend Trooping the Colour 2024.

Persons: —, Prince William, Kate Middleton's, Kate, Prince, Princess, Wales, William, Princess Charlotte, Prince Louis, Prince George, William —, Eric Schiffer, Kristen Meinzer, Richard Pelham, Meinzer, it's, Schiffer, Kate doesn't, " Schiffer, Kate Middleton, Karwai Tang, William relatable Organizations: Service, Business, Father's, Management, Getty, Wales Locations: Prince, Wales, Kensington

What's next: Media Matters filed a motion to dismiss Musk's lawsuit in March, but a judge has yet to rule. VCG/GettyGovernment lawsuits and investigationsSEC investigation into Musk's Twitter takeoverThe issues: The Securities and Exchange Commission is investigating Elon Musk's Twitter purchase. Matt Winkelmeyer/Getty ImagesPersonal lawsuits against MuskTornetta v. MuskThe issues: Tesla shareholder Richard Tornetta sued Musk and Tesla in a class action lawsuit regarding Musk's compensation package, which was worth $55.8 billion at the time. Several lawsuits also allege Musk discriminated against them because of their race, gender, or disability in choosing to fire them. The executives were set to receive golden parachutes, but claim Musk and X have not paid them out.

Persons: —, Elon Musk, Musk, Claire Boucher, Grimes, Alex Spiro, Sam Altman, Donald Trump, Spiro, Anna Webber, Angelo Carusone, What's, Gina Carano, Schaerr Jaffe, Tesla, Musk's, Elon, SEC hasn't, Elon Musk's, who've, Owen Diaz, Matt Winkelmeyer, Richard Tornetta, Kimbal Musk, He's, Boucher, Benjamin Brody, Brody, Brody reverberated, Ben Brody, didn't, Robert Kaiden, Kaiden, he's, Agrawal, Parag Agrawal, Ned Segal, Twitter Vijaya Gadde, Sean Edgett, Segal, hadn't Organizations: Service, SpaceX, Business, OpenAI, SEC, Trump, Trump —, Elon, Variety, Media, X Corp, Disney, National Labor Relations Board, UAW, Tesla, Getty Government, Twitter, Securities, Exchange Commission, Justice Department, Reuters, Traffic, Administration, NHTSA, Apple, NLRB, Musk's SpaceX, US, Employment Opportunity, Musk, Nazi, Litigation Locations: Texas, Texas and Missouri, America, Nazi Germany, California, Delaware, San Francisco

☆ Putin signs deals with Vietnam in bid to shore up ties in Asia to offset Moscow’s growing isolation
▼ + stars: | 2024-06-21 | by ( ) www.cnbc.com time to read: +8 min

Russia and Vietnam pledged on June 20, 2024 to deepen ties as President Vladimir Putin made a state visit aimed at bolstering his alliances to counter Moscow's growing isolation over the war in Ukraine. Putin and President To Lam agreed to further cooperate in education, science and technology, oil and gas exploration and clean energy. The two countries also agreed to work on a roadmap for a nuclear science and technology center in Vietnam. In Hanoi, Putin also met Vietnam’s most powerful politician, Communist Party General Secretary Nguyen Phu Trong, and Prime Minister Pham Minh Chinh, according to the official Vietnam News Agency. Putin drove to Vietnam’s Presidential Palace on Thursday afternoon, where he was greeted by school children waving Russian and Vietnamese flags.

Persons: Vladimir Putin, Lam, Gavriil Grigorov, Putin, ” Lam, “, Kim Jong, Nigel Gould, Davies, ”, Nguyen Khac Giang, Giang, Nguyen Phu Trong, Pham Minh Chinh, Putin’s, Ridzwan Rahmat, Janes, ” Rahmat, Prashanth, Wilson, Vladimir Lenin, Trong, Nhan Dan, Joe Biden, Xi Jinping, Gould, they’ve, he’s, Parameswaran Organizations: Sputnik, Hanoi Opera, Afp, Getty, North, International Institute for Strategic Studies, Singapore’s, Yusof, Institute, Communist Party General, Vietnam News Agency, Criminal, Kremlin, U.S, Embassy, Security, NATO, Asia, Communist Party’s, Vietnam’s Communist Party Locations: Russian, Hanoi, Russia, Vietnam, Ukraine, Moscow, Asia, Pacific, Eurasia, London, British, Belarus, China, North Korea, U.S, Hague, Korea, Singapore, Soviet Union, Soviet, trickier, Washington

☆ Bosses are having the hardest time adjusting to hybrid work—here's why
▼ + stars: | 2024-06-21 | by ( Jennifer Liu | ) www.cnbc.com time to read: +2 min

Remote work may have taken off four years ago, but the evolution of hybrid work is still in its early days — and senior leaders are having the hardest time adjusting. As of April, most people, 67%, reported being satisfied with their hybrid work policy. 1 biggest challenge with hybrid work. Less than half of U.S. workers say their workplace has hybrid meeting and working guidelines to begin with. Research shows hybrid work may have more benefits than being fully in-office

Persons: Dave Grow, they've Organizations: Lucid Software, Workers, Research

☆ How China could take Taiwan without even needing to invade
▼ + stars: | 2024-06-21 | by ( Brad Lendon | ) edition.cnn.com time to read: +12 min

“China has significantly increased pressure on Taiwan in recent years, stoking fears that tensions could erupt into outright conflict. China’s escalating gray zone tactics were on stark display this week as China Coast Guard vessels clashed with Philippine Navy boats in the South China Sea. In the 24 hours ending at 6 a.m. Friday, 36 Chinese military aircraft crossed into Taiwan’s air defense identification zone, Taiwan’s Defense Ministry says. Meanwhile, a quarantine, rather than a blockade, would not require China to close or restrict access to the Taiwan Strait, the CSIS report notes. Under its claims that Taiwan is Chinese territory, Beijing could require customs declarations to be filed before vessels can call in Taiwan.

Persons: CNN —, Beijing’s, Xi Jinping’s, Bonny Lin, Brian Hart, Matthew Funaiole, Samantha Lu, Tinsley, stoking, Adm, Dong Jun, ”, Dong, China’s, “, Joe Biden, Rong Xu, Carl Schuster, ” Schuster, Alessio Patalano, Sidharth Kaushal, Patalano Organizations: CNN, Communist Party, Center for Strategic, International Studies, China Coast Guard, CSIS, TAIWAN, GUARD, People’s Liberation Army, PLA, Chinese Defense, Philippine Navy, Taiwan Relations, White, PLA Navy, Maritime Safety Agency, Taiwan’s Defense Ministry, Bloomberg, Getty, “, Pacific Command’s Joint Intelligence Center, Taipei, King’s College, Taiwan’s Ministry of Economic Affairs, Imports, Royal United Services Institute Locations: Taiwan, Ukraine, China, Washington, United States, Pengjia, Beijing, Singapore, South China, Manila, Second, Philippines, Taiwan’s, Taiwan Strait, Port, Taichung, Kaohsiung, London, Covid

☆ These are the 10 best cities for new college graduates—New York City didn't make the list
▼ + stars: | 2024-06-21 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

The Zumper study found that San Francisco, offered the highest earning potential for new grads, while Laredo, Texas, ranked as the worst overall city for recent college grads. One major city that didn't make Zumper's top 10 is New York City. It did score well, though, in the metric of the population for 18-34 years and the population of 25-year-olds with Bachelor's degrees. New York City also had the No. 1 highest concentration of young people, with Los Angeles ranking at No.

Persons: Zumper Organizations: American, New, Los Angeles Locations: Zumper.com, San Francisco, Laredo , Texas, New York City

☆ Here's our first-quarter earnings report card for 32 stocks in the portfolio
▼ + stars: | 2024-06-21 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

Most of the earnings reports — 25 out of 32 portfolio names — were ranked as good or great by the Investing Club. Similar to prior quarters, we grouped company results into one of four categories. Meta Platforms : Sales, earnings and cash flow results all topped expectations . However, sales and earnings both outpaced expectations, as did return on tangible common equity, a key consideration when valuing banks. The company also raised its outlook for full-year earnings growth to 25% year-over-year from 20%.

Persons: we're, Dover, Eli Lilly, Blackwell, Abbott, —, Wall, We'll, Morgan Stanley, Nikesh, Stanley Black, Wells, Estee Lauder, Fabrizio Freda, Jim Cramer's, Jim Cramer, Jim, Hock Tan, Broadcom Lucas Jackson Organizations: Investing, Apple, Services, Broadcom, VMware, Coterra, DuPont, Microsoft, Nvidia, Wynn Resorts, Super, Abbott Labs, Web Services, Constellation Brands, Constellation, Ford, Ford Pro, Wall Street, Alto Networks, Procter & Gamble, TJX, GE Healthcare, Honeywell, Linde, Jim Cramer's Charitable, CNBC Locations: Dover, China, Eaton, Las Vegas, China's Macao, billings, Wells Fargo, —

☆ Judge Aileen Cannon to entertain Trump’s claim the special counsel is unlawful in Friday hearing
▼ + stars: | 2024-06-21 | by ( Holmes Lybrand | ) edition.cnn.com time to read: +5 min

Trump is arguing that Jack Smith – who has brought charges against Trump in Florida and Washington, DC – was unlawfully appointed as special counsel. At the center of Trump’s argument is the claim that the Attorney General Merrick Garland does not have legal authority to appoint someone as special counsel who hasn’t confirmed by the Senate. The Justice Department says the attorney general has ample authority to appoint “inferior officers,” which would include special counsels. “This Court should hold as a matter of law that the Attorney General lawfully appointed the Special Counsel,” the attorneys wrote. Almost inverse from Trump, Biden argued that special counsel David Weiss was unlawfully appointed because he was already in the federal government and therefore not fully independent.

Persons: Donald Trump, Aileen Cannon, Trump, Jack Smith –, –, Merrick Garland, hasn’t, “, Trump’s, Cannon, Smith “, ”, Smith, Josh Blackman, Gene Schaerr, Matthew Seligman, I’ve, ” Blackman, Hunter Biden, Biden, David Weiss Organizations: Pierce , Florida CNN, Trump, Senate, The, Department, Republican, Fort Pierce, The New York Times, Citizens United, United, United States Government, Justice Department, State Democracy Defenders, CNN Locations: Pierce , Florida, Florida, Washington, Fort, United States

☆ Supreme Court upholds domestic violence gun restriction
▼ + stars: | 2024-06-21 | by ( Lawrence Hurley | ) www.cnbc.com time to read: +4 min

Activists rally outside the U.S. Supreme Court before the start of oral arguments in the United States v. Rahimi second amendement case in Washington on Tuesday, November 7, 2023. The Supreme Court on Friday upheld a federal law that prohibits people subjected to domestic violence restraining orders from having firearms, taking a step back from its recent endorsement of a broad right to possess a gun. The court on an 8-1 vote ruled in favor of the Biden administration, which was defending the law — one of several federal gun restrictions currently facing legal challenges. He argued that he cannot be prosecuted under the federal gun possession restriction in light of what the Supreme Court concluded. But the case before the justices concerns his separate prosecution by the Justice Department for violating the federal gun possession law.

Persons: Biden, John Roberts, Clarence Thomas, Hunter Biden, Joe Biden's, Ketanji Brown Jackson, Joe Biden, Zackey, Rahimi's, Rahimi Organizations: U.S, Supreme, New York State, Justice Department, Circuit, Appeals Locations: United States, Washington, Texas, Arlington , Texas, New Orleans

☆ Protecting pink river dolphins: Fernando Trujillo’s quest to save aquatic life in the Amazon
▼ + stars: | 2024-06-20 | by ( Michelle Cohan | ) edition.cnn.com time to read: +5 min

When Trujillo asked what he should focus his research on, Cousteau told him he should go study the river dolphins, which had not been investigated in depth. “This is a very aggressive environment, very difficult to survive,” Trujillo told CNN of the Amazon. Video Ad Feedback Saving the dolphins and manatees of the Amazon River 03:22 - Source: CNNThere are two types of freshwater dolphins found throughout the Amazon: the Amazon River dolphin – or “pink dolphins” due to their color – and the smaller tucuxi, Trujillo said. “They told me ‘we all believe that you are a dolphin that became a human to protect the dolphins,’” Trujillo said. Fernando Trujillo, right, pictured here in 1991 scouting for dolphins along the Amazon River.

Persons: Fernando Trujillo, Jacques Cousteau, Trujillo, Cousteau, ”, ” Trujillo, “, ’ ” Trujillo, he’s, María Jimena Valderrama, CNN Trujillo Organizations: CNN, Initiative, Amazon, International Union for Conservation of Nature, Omacha, Geographic, Rolex Locations: Colombian, Bogotá, Puerto Nariño, South America, ”, Colombia, Trujillo

☆ More CEOs than workers think their company culture is toxic
▼ + stars: | 2024-06-20 | by ( Tim Paradis | ) www.businessinsider.com time to read: +4 min

In a recent Businessolver survey, 52% of CEOs said their workplace culture was toxic. AdvertisementCEOs are having a hard time, tooBusinessolver also found that many corporate chiefs are struggling with their own mental health challenges. Fifty-five percent reported having had mental health issues in the past year, a jump of 24 percentage points. Those challenges haven't necessarily translated to a change in how those with mental health concerns might be perceived inside organizations. AdvertisementBeyond that, the fix could involve looking at what workers say will help their mental health.

Persons: —, they're, Rae Shanahan, Shanahan, Gen Zers, Businessolver Organizations: Service, Business, —

☆ 35-year-old's income streams made her more than $500,000 last year—some are completely passive
▼ + stars: | 2024-06-20 | by ( Gili Malinsky | ) www.cnbc.com time to read: +3 min

She started her Etsy store, where she sells printables like bachelorette party activity lists, in 2017. This one replicates the success of Gold City Ventures for creators with a sizable following. Similarly, she does not spend very much time on her Etsy store, about an hour a quarter. For her, the Etsy shop is less an income stream and more a tool to help her Gold City Ventures community. Gold City Ventures grossed more than $2 millionGold City Ventures continues to grow.

Persons: Julie Berninger, Berninger, That's, Cody Berman, Berman, They've Organizations: Amazon, Gold City Ventures, Auros Agency

☆ Red Sea crisis: The shipping industry is sounding the alarm as another vessel sinks
▼ + stars: | 2024-06-20 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

London CNN —Leading shipping groups have urged governments “with influence” to put a stop to Houthi attacks on vessels in the Red Sea after a second freighter sank this week. The latest sinking is likely to have led to another death, according to a statement Wednesday from more than a dozen shipping associations, including the International Chamber of Shipping and the World Shipping Council. The longer diversion around the southern tip of Africa has sent shipping costs soaring and is causing congestion at ports in Asia and Europe, threatening to scramble global supply chains. We call for states with influence in the region to safeguard our innocent seafarers and for the swift de-escalation of the situation in the Red Sea,” they added. “Houthi attacks continue to make the Red Sea unsafe, and increases in charter activity and rates indicate carriers expect congestion to remain a factor for some time,” he added.

Persons: ”, “, Hapag Lloyd, Judah Levine Organizations: London CNN, International Chamber of Shipping, World Shipping Council, Maritime Trade, Royal Navy, Shipping, Maersk, Drewry, Carriers Locations: Red, Africa, Asia, Europe, ., Yemen, Gaza, Suez, London, Red Sea, Singapore, Malaysia, Shanghai, China, Barcelona, Spain

☆ Kennedy Fails to Qualify for CNN Debate
▼ + stars: | 2024-06-20 | by ( Chris Cameron | ) www.nytimes.com time to read: +1 min

Robert F. Kennedy Jr. failed to qualify for the CNN presidential debate on June 27 by the network’s Thursday deadline, according to the outlet, a significant blow to his independent presidential bid that will deny him a coveted national stage alongside President Biden and former President Donald J. Trump. Qualifying for the CNN debate, one of two presidential debates scheduled before Election Day, would have been a plum prize for the Kennedy campaign. More than 73 million people watched the first debate between Mr. Biden and Mr. Trump in 2020, and Mr. Kennedy would have had the opportunity to confront his opponents in front of an extensive national audience. But Mr. Kennedy failed to meet two criteria. In the face of mounting challenges before the deadline, Mr. Kennedy had accused CNN of colluding with the Biden and Trump campaigns to exclude him from the debate, and filed a complaint to the Federal Election Commission accusing the network of violating campaign finance law.

Persons: Robert F, Kennedy Jr, Biden, Donald J, Kennedy, Trump, Ross Perot’s, George Bush, Bill Clinton of Organizations: CNN, Trump, Gov, Biden, Federal Locations: Texas, Bill Clinton of Arkansas

☆ New York governor signs bill regulating social media algorithms, in a US first
▼ + stars: | 2024-06-20 | by ( Brian Fung | ) edition.cnn.com time to read: +4 min

CNN —Big changes are coming for New York’s youngest social media users after Gov. The unprecedented move makes New York the first state to pass a law regulating social media algorithms amid nationwide allegations that apps such as Instagram or TikTok have hooked users with addictive features. New York officials hailed the legislation as a critical check on social media platforms’ influence over teens. “Algorithmic curation makes teenagers’ feeds healthier, and banning algorithms is going to make social media worse for teens.”The legislation’s signing sets the stage for another in a long string of court battles over state social media laws. States such as Arkansas, Florida, Louisiana and many others have passed laws clamping down on social media companies’ approach to teens.

Persons: Kathy Hochul, Vivek Murthy, ” Hochul, Letitia James, ” James, ”, Adam Kovacevich Organizations: CNN, New, Gov, New York Child Data, New York, of, Industry Locations: New York, “, Arkansas, Florida , Louisiana, Ohio, Texas, Florida

☆ Student loan forgiveness deadline is June 30. Here's what borrowers need to know
▼ + stars: | 2024-06-20 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

Those with several student loans who apply for so-called loan consolidation by June 30 — a move that packages multiple federal student loans into a single new loan — may benefit from the temporary policy. Student loan borrowers have until the end of June to meet a deadline that could lead to quicker debt forgiveness. Many student loan borrowers have multiple education loans, either because they borrowed repeatedly throughout college or returned to school at some point. "Many borrowers will get complete debt cancellation, particularly those who have been paying for over twenty years," Fox said. Usually, a student loan consolidation restarts a borrower's forgiveness timeline to zero, making it a terrible move for those working toward cancellation.

Persons: Biden, Jane Fox, Fox Organizations: CNBC, Finance, Treasury Department Locations: deferments

☆ Justices uphold Trump tax on overseas investments in win for Biden
▼ + stars: | 2024-06-20 | by ( John Fritze | Tami Luhby | ) edition.cnn.com time to read: +5 min

CNN —The Supreme Court on Thursday upheld a Trump-era tax on overseas investments, rejecting an argument from a Washington state couple in a case that could have jeopardized existing tax provisions and torpedoed Democratic talk of a wealth tax. Justice Brett Kavanaugh wrote the majority opinion and Justice Clarence Thomas wrote a dissent. In reading his opinion from the bench, Kavanaugh repeatedly stressed that the opinion was “narrow” and did not implicate the raging debate over a wealth tax. “Those are potential issues for another day, and we do not address or resolve any of those issues here,” Kavanaugh wrote in Thursday’s opinion. Elizabeth Warren of Massachusetts and Ron Wyden of Oregon and Independent Sen. Bernie Sanders of Vermont have also unveiled tax proposals that would hit the wealthiest Americans.

Persons: Brett Kavanaugh, Clarence Thomas, Kavanaugh, Charles, Kathleen Moore, Moores, Donald Trump, Joe Biden, ” Kavanaugh, “, ” Biden, Biden, Democratic Sens, Elizabeth Warren of, Ron Wyden, Independent Sen, Bernie Sanders, Paul Ryan, Moore, Samuel Alito, Alito, Charles Moore Organizations: CNN, Trump, Democratic, Government, Oregon, Independent, Capitol, Moores Locations: Washington, India, trillions, Elizabeth Warren of Massachusetts, Vermont

☆ YouTube sensation Caspar Lee on why he quit the platform to build a business empire
▼ + stars: | 2024-06-20 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +5 min

30-year-old Caspar Lee was once a YouTube megastar and is now a serial entrepreneur. Caspar LeeCaspar Lee belongs to a crop of content creators who found early success on YouTube back in the 2010s, commanding millions of views on the platform. Lee said his first venture into entrepreneurship was when in 2017 he co-founded the influencer marketing company Influencer.com, alongside Ben Jeffries. Lee co-founded a venture capital firm Creator Ventures with his cousin Sasha Kaletsky in 2022. Caspar LeeThereafter, Lee co-founded Proper Living — accommodation in Cape Town for students and young professionals.

Persons: Caspar Lee, Caspar Lee Caspar Lee, Zoe Sugg, Marcus Butler, Joe Sugg, Ed Sheeran, Justin Timberlake, Anna Kendrick, Kevin Hart, Lee, Goldman Sachs, they're, Ben Jeffries, Joe Suggs, Sasha Kaletsky, Caspar Lee Thereafter, I've, Influencer.com, Sasha Kaletsky —, Kaletsky, shouldn't Organizations: YouTube, CNBC, Google, MVE, IMG, Endeavor Group, Ventures, Forbes, Bridgepoint, Labs Locations: England, Knysna, South Africa, American, Cape Town, Europe, London

☆ The US Air Force says the military's new dogfighting AI fighter jet pilot is making 'dramatic' advances from one test to the next
▼ + stars: | 2024-06-20 | by ( Chris Panella | ) www.businessinsider.com time to read: +7 min

Read previewLast month, two US Air Force fighter jets battled in the skies above California in an intense dogfight. AdvertisementCol. James Valpiani, Air Force Test Pilot School commandant, provides final points of instruction to Secretary of the Air Force Frank Kendall during his visit to Edwards Air Force, California, May 2. But throughout all of this, the AI pilot, named Hivemind, has been maturing quicker than expected. The X-62 Variable In-Flight Simulator Test Aircraft (VISTA) flies in the skies over Edwards Air Force Base, California, Aug. 26, 2022. Footage from the real-world test of a dogfight between an AI-controlled fighter and a manned fighter.

Persons: —, James Valpiani, Frank, Kendall, Valpiani, Frank Kendall, It's, Ryan Tseng, Tseng, Air Force Frank Kendall, James West Tseng, Ryan Hefron, Hefron, Kyle Brasier, Giancarlo Casem Organizations: Service, US Air Force, Air Force, Defense, Research, Business, An Air Force, Air, Edwards Air Force Base, U.S . Air Force, Edwards Air Base, United States Air Force, Edwards Air Force, DOD, DARPA, Shield, Aircraft, USAF, Israel Defense Forces, DoD Locations: California, Calif, China, Gaza

☆ CNBC's Inside India newsletter: India Inc might not even need a Fed rate cut — but it wants one
▼ + stars: | 2024-06-20 | by ( Ganesh Rao | ) www.cnbc.com time to read: +7 min

The big storyEmerging markets have been on tenterhooks for the better part of this year as the Federal Reserve has been dangling the prospect of an interest rate cut. Historically, as U.S. interest rates fall, the allure of the mighty dollar fades to the benefit of other currencies. Indeed, unlike most developed economies, India's interest rate regime in 2024 isn't any different from that of 2018. There lies the disconnect between the economy, the stock market, and a single stock. Non-bank lender Akme Fintrade India and engineering firm DEE Development Engineers will debut on the stock market on Wednesday.

Persons: Sumant Sinha, we've, Sinha, It's, Fitch, Rahul Jain, Goldman Sachs, Jake Sullivan, Modi, Narendra Modi, CNBC's Charmaine Jacob, Raamdeo Agrawal, CNBC's Tanvir Gill, Jain Organizations: Bloomberg, Getty, Federal Reserve, India Inc, Nasdaq, Reserve Bank of, U.S, Societe Generale, Goldman, Clean Energy, CNBC, Motilal Oswal Financial Services, of India, Bangladesh, Australia, DEE Development Engineers Locations: Tuticorin, India, Reserve Bank of India, Japan, Britain, Delhi

☆ TikTok ramps up attacks on Biden administration in challenging prospective ban
▼ + stars: | 2024-06-20 | by ( Brian Fung | ) edition.cnn.com time to read: +5 min

Whether the Biden administration overlooked a less restrictive alternative could become a factor in a potential test of the law’s constitutionality. In Thursday’s filing, TikTok said the agreement was never signed despite years of negotiations and dozens of meetings and phone calls with US government officials. The Trump administration tried to ban TikTok by executive action, but that was quickly stymied by legal challenges. US officials have not publicly presented evidence that China has accessed US users’ TikTok data. On Thursday, TikTok’s filing said the company has so far spent $2 billion voluntarily implementing Project Texas.

Persons: TikTok, Biden, Joe Biden, “, CFIUS, ’, Trump, Christopher Simkins, Simkins Organizations: CNN, US Air Force, Foreign Investment, Meta, Independent, Texas Locations: United States, TikTok, China

☆ Marathon, not a sprint: Apple's AI push faces big challenges in China
▼ + stars: | 2024-06-20 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +5 min

In this article AAPL Follow your favorite stocks CREATE FREE ACCOUNTThe Apple Siri AI icon is being displayed on a smartphone, with Apple Intelligence in the background. Apple Intelligence is the Cupertino giant's play that aims to bring AI across its devices. Apple's China AI challengesNavigating these rules will be tricky for Apple. "Localising the Apple Intelligence experience will be a major challenge for Apple," Wood told CNBC. CCS Insights' Wood said Apple's focus on privacy could help introduce AI features to the market.

Persons: Siri, Jonathan Raa, Apple, Bryan Ma, Nicole Peng, Ben Wood, Wood, Neil Shah Organizations: Apple Intelligence, Nurphoto, Getty, Huawei, CNBC, Apple, IDC, Baidu, Insight, Counterpoint Research Locations: China, Beijing, Cupertino

Search resuls for: "CHALLENGES"

25 mentions found