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Buenos Aires CNN —Police in Argentina clashed Tuesday with anti-government protesters outside Congress, where senators were scheduled to debate a bill on government and economic reforms proposed by libertarian President Javier Milei. A CNN en Español team on the ground witnessed police using water cannons and tear gas to disperse the crowd, while protesters were seen hurling objects back at police. A car belonging to a TV station was overturned and set on fire before it was extinguished by firefighters. A demonstrator reacts during a protest near Argentina's National Congress, on the day senators debate President Javier Milei's economic reform bill, in Buenos Aires on June 12. Mariana Nedelcu/ReutersDemonstrators from various social groups and unions had gathered there to voice their opposition to the proposed reforms.

Persons: Javier Milei, Javier Milei's, Mariana Nedelcu Organizations: Buenos Aires CNN — Police, CNN, Argentina's National, Reuters Locations: Buenos Aires, Argentina, Congress

☆ Russia says Putin won't die in a plane crash because their domestic aircraft 'are very reliable vehicles'
▼ + stars: | 2024-06-12 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Recent aviation accidents have claimed the lives of Iran's president and Malawi's vice president. But Russia says Vladimir Putin is safe if he travels on their "very reliable" domestic aircraft. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA Russian official says the country's leader, Vladimir Putin, won't get caught in a plane crash if he travels on domestic aircraft, state news agency TASS reported on Tuesday. "The Russian president uses domestic aircraft.

Persons: Vladimir Putin, —, Dmitry Peskov, Peskov, Ebrahim Raisi, Saulos Chilima Organizations: Service, Business Locations: Russia, Russian

☆ Asia-Pacific markets mixed as traders await China and India inflation data
▼ + stars: | 2024-06-12 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Costfoto | Nurphoto | Getty ImagesAsia-Pacific markets were mixed on Wednesday, ahead of inflation data from both China and India. Traders in Asia will also look toward the U.S. Federal Reserve's decision on Wednesday stateside, which will come hours after the country's May inflation report. China's May inflation rate is expected to increase by 0.4%, slightly higher than the 0.3% seen in April. Separately, India's inflation rate is also forecast to climb marginally to 4.89%, according to a Reuters poll of economists, slightly higher than April's 4.83% increase. Japan's corporate goods inflation rate accelerated to 2.4% in May, beating expectations and marking its fastest rate of increase since August.

Persons: Kospi Organizations: Nurphoto, Getty, Traders, U.S, U.S . Federal, Nikkei Locations: Nanjing, East China's Jiangsu, Asia, Pacific, China, India, U.S ., Hong Kong

☆ This biotech ETF could be poised for a breakout after a few challenging years, according to the charts
▼ + stars: | 2024-06-12 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

Like so many speculative growth ETFs and stocks, the S & P SPDR Biotech (XBI) ETF is nowhere close to its former all-time high from early 2021. Even though the ETF now is up considerably from that point, many traders still have wanted nothing to do with it. We can understand why, especially when so many other stocks surpassed their respective former highs many months ago. The vertical blue lines depict when the 50-DMA crossing OVER the 200-DMA led to strong and extended upside follow through. It's been a challenging few years for XBI, but as these charts show, the blueprint for a continued comeback is there.

Persons: It's, XBI, Frank Cappelleri Organizations: SPDR Biotech Locations: Nasdaq

The firm upgraded the ingredients maker to buy from neutral but lowered its price target to $48 per share from $50. "Though these items might not help earnings until 2025, we believe visibility surrounding them could improve in coming months and send the share price higher," he added. Lovallo has a $198 price target for Lennar, reflecting 30.1% in upside. Analyst Raimo Lenschow upgraded the marketing automation stock to overweight from equal weight and upped his price target by $4 to $29. Singlehurst raised her price target to $58 from $54.20, but the new forecast implies nearly 2% downside from Tuesday's close.

Persons: Goldman Sachs, Thomas Palmer, — Brian Evans, Edward Jones, Logan Purk, — Jesse Pound, John Lovallo, Lovallo, — Alex Harring, Oppenheimer, Colin Rusch, Rusch, Alex Bradley, Alex Harring, Raimo Lenschow, Lenschow, Wells, Steven Cahall, Wedbush, Michael Pachter, Pachter, Keith Gill, Piper Sandler, Valvoline Piper Sandler, Peter Keith, Keith, VVV's algo, hasn't, Will Gaertner, Gaertner, Morgan Stanley, Mark Murphy, Keith Weiss, Brent Bracelin, Louise Singlehurst, Singlehurst, Fred Imbert Organizations: CNBC, Analysts, Citi, Diamond Green Diesel, AMD, Devices, Nvidia, UBS, Lennar, KB, Barclays, Wells Fargo, Paramount, GameStop, Products, LSEG, Google, AI, JPMorgan, Oracle Locations: California, Tuesday's, VVV, reaccelerate, ORCL

☆ Apple will let users opt out of ChatGPT integration. It's a 'brilliant' move to calm mounting AI privacy concerns, analyst says
▼ + stars: | 2024-06-12 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

At the Worldwide Developers Conference on Monday, the company introduced Apple Intelligence, an in-house suite of AI services coming to devices this fall. Starting later this year, Apple users will have free access to OpenAI's ChatGPT model without having to create an account. Advertisement"I think it's brilliant," said Maribel Lopez, an AI analyst and founder of research and strategy consulting firm Lopez Research. AdvertisementThe opt-out ability on Apple devices offers customers a modicum of control amid the coming freight train of AI, Lopez added. Meanwhile, much of the marketing for Apple Intelligence already appears to be focused on safety and privacy protection, with advertisements boasting a "brand-new standard for privacy in AI."

Persons: —, OpenAI, Siri, Apple, Maribel Lopez, Lopez, Sam Altman doesn't Organizations: Service, Worldwide, Apple Intelligence, OpenAI, Business, Apple, Lopez Research, New York Times

☆ Israel news anchor fired after commenting on rescued hostage's appearance: 'Look at her eyebrows, they look better than mine?'
▼ + stars: | 2024-06-11 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +1 min

An Israeli news channel fired anchor Lama Tatour over comments on a rescued hostage's appearance. Tatour commented on Instagram about Noa Argamani's post-rescue look after 245 days in captivity. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAn Israeli news channel fired an anchor after she made comments on Instagram about the appearance of one of the recently rescued hostages, according to Israeli media.

Persons: Lama Tatour, Tatour, Noa Argamani's, —, Noa Argamani Organizations: Service, Business Locations: Israeli, Arab

☆ Citi's main message to clients: ‘Remain long u.s. equity risk’
▼ + stars: | 2024-06-11 | 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 EmailCiti's main message to clients: ‘Remain long u.s. equity risk’Stuart Kaiser, Citi head of equity trading strategy, joins 'Fast Money' to discuss what’s next for the market and his look ahead to the Fed and CPI report.

Persons: ’ Stuart Kaiser, what’s Organizations: Citi, Fed, CPI

☆ Apple shares pop to record high after company unveils AI software
▼ + stars: | 2024-06-11 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Apple CEO Tim Cook gestures during the annual developer conference event at the company's headquarters in Cupertino, California, U.S., June 10, 2024. Apple shares popped 5% to a new record high of around $203 per share on Tuesday, a day after the company announced its long-awaited push into artificial intelligence at its annual developer conference on Monday. The company pitched the features as AI for the average person, though users will likely need to upgrade their iPhones to access the tools. The company's developer conference came as a welcome sign for investors who have been watching to see how Apple will capitalize on the ongoing AI boom. Analysts from Morgan Stanley said Apple's AI features strongly position the company with "the most differentiated consumer digital agent."

Persons: Tim Cook, Apple, Siri, OpenAI's ChatGPT, Morgan Stanley, iPhones, — CNBC's Michael Bloom Organizations: Apple, Bank of America, Apple Intelligence Locations: Cupertino , California, U.S

☆ Apple execs explain why its AI is different from competitors
▼ + stars: | 2024-06-11 | by ( Kif Leswing | ) www.cnbc.com time to read: +6 min

Nic Coury | AFP | Getty ImagesApple fully embraced artificial intelligence on Monday, as company executives explained the features and reasoning behind Apple Intelligence, the company's new AI software suite. Much of the AI development that has captured investor and technological interest has focused on building or securing ever-more powerful supercomputers equipped with Nvidia chips to develop even more power-hungry AI models. Apple's AI is mostly on your deviceApple Intelligence unveiled during Apple's WWDC2024 in Cupertino, Calif. on June 10th. Apple executives don't refer to this strategy as using one or multiple models, just "Apple Intelligence." Apple's AI can summarize and rewrite documents, generate small images, and translate conversations in real-time.

Persons: Tim Cook, John Giannandrea, Craig Federighi, Nic Coury, Apple, Federighi, Siri, Giannandrea, We're, we're, Apple's Organizations: Developers, AFP, Getty, Apple, Apple Intelligence, Microsoft, Google, Software, Nvidia, Apple Inc Locations: Cupertino , California, Cupertino , Calif

☆ Let's be real, Apple couldn't hype its ChatGPT collab — that would mean conceding it's lost the AI race
▼ + stars: | 2024-06-11 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Read previewTech watchers expecting a sweeping partnership announcement between Apple and OpenAI were probably disappointed on Monday. The Cupertino-based giant unveiled its generative AI strategy, "Apple Intelligence," during its keynote presentation at this year's Worldwide Developers Conference. very happy to be partnering with apple to integrate chatgpt into their devices later this year! AdvertisementAside from poaching talent and working with external partners like OpenAI, Apple has also worked with TSMC to make AI chips for its data centers. Making chips would go a long way toward securing Apple's AI supremacy since, unlike most companies, it would not have to rely completely on chip giant Nvidia.

Persons: —, Mark Gurman, OpenAI, Apple, Craig Federighi, Federighi, Sam Altman didn't, Altman, — Sam Altman, Siri, John Giannandrea, TSMC, Gene Munster, Apple didn't Organizations: Service, Apple, Apple Intelligence, Business, Microsoft, Meta, Nvidia, Financial Times, BI Locations: Cupertino

☆ Apple's iPad calculator looks freaking awesome
▼ + stars: | 2024-06-11 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +2 min

The new OS18 also brings a calculator app to the iPad — a feature the device never had. The app looks a lot like the iconic orange and white calculator users have long seen on the iPhone. Math Notes will automatically be accessible in the preexisting Notes app. New calculator feature revealed at Apple WWDC 2024. Apple's calculator seems less impressive than OpenAI's GPT-4o, which can look at a math problem and verbally talk the user through the solution step-by-step.

Persons: —, iPads, Apple, Gene Munster Organizations: Service, Conference, Apple Intelligence, Business, Apple, Big Tech, Deepwater Asset Management

☆ Siri can now do what it was supposed to, the way Apple envisioned it: Evercore ISI's Amit Daryanan
▼ + stars: | 2024-06-11 | 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 EmailSiri can now do what it was supposed to, the way Apple envisioned it: Evercore ISI's Amit DaryananAmit Daryanani, Evercore ISI senior managing director, joins 'Squawk on the Street' to discuss his thoughts on Apple's WWDC, his bull case for iPhone revenue in the years to come, and more.

Persons: Siri, Apple, Evercore ISI's Amit Daryanan Amit Daryanani, Apple's WWDC

☆ CNBC Daily Open: Apple upgrades Siri with AI
▼ + stars: | 2024-06-11 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Apple IntelligenceShares of Apple fell 1.9% after the iPhone maker delivered its long-awaited AI strategy. Siri will get an upgrade with Apple Intelligence and access to OpenAI's ChatGPT. Investors are concerned Apple had fallen behind its rivals, Microsoft and Google, in the race to deliver AI services and tools.

Persons: Goldman Sachs, Siri, Apple, Elon Musk's, Chris Ailman, CNBC's, Ailman, CalSTRS, Elliott, Moderna, Tesla, Elon, Bernstein Organizations: CNBC, Nasdaq, Technology, Nvidia, Meta, Microsoft, Dow Jones, Apple Intelligence, Apple, Investors, Google, California State Teachers, Elliott, Southwest, Elliott Management, Southwest Airlines, Boeing, Pfizer, Novavax Locations: U.S

☆ Here's what payment companies like Visa, Block, and PayPal are paying AI workers to combat fraud and improve customer experience
▼ + stars: | 2024-06-11 | by ( Alex Nicoll | Bianca Chan | ) www.businessinsider.com time to read: +2 min

The generative AI boom is already having a big impact on payments companies like Visa. Generative AI is being used to reduce fraud and improve the customer experience. Here's how much firms like Capital One, Visa, and PayPal offer to pay AI workers. At Visa, one AI tool that detects fraud prevented $27 billion in fraudulent purchases in 2022, the company told Business Insider. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Visa, PayPal, Service, Business

☆ Watch CNBC's full interview with SoFi's Liz Young Thomas
▼ + stars: | 2024-06-11 | 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 EmailWatch CNBC's full interview with SoFi's Liz Young ThomasLiz Young Thomas, SoFi head of investment strategy, joins ‘Closing Bell’ to discuss markets, the Fed's decision, the economy, and more.

Persons: SoFi's Liz Young Thomas Liz Young Thomas, SoFi, Bell

☆ OpenAI's Apple deal might actually be good for Microsoft too
▼ + stars: | 2024-06-11 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +1 min

OpenAI's partnership with Apple is now official after Monday's WWDC keynote. The lucrative deal cements OpenAI's place at the center of the AI revolution. The deal could also be good news for Microsoft, OpenAI's biggest backer. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWhen reports first emerged that OpenAI had secured a partnership with Apple, it was rumored to have raised the eyebrows of Microsoft CEO Satya Nadella.

Persons: Monday's, —, OpenAI, Satya Nadella, Sam Altman Organizations: Apple, Microsoft, OpenAI's, Service, Business

☆ Wall Street expects Apple's AI updates to power a strong upgrade cycle
▼ + stars: | 2024-06-11 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Davidson's Gil Luria to upgrade shares to a buy. Apple shares have lagged major technology peers this year due in part to its failure to share a clear-cut AI plan. Goldman Sachs analyst Michael Ng was "encouraged by the financial implications" of the announcements, noting that new product features should help fuel an iPhone upgrade cycle . Lingering skepticism To be sure, other analysts worry that Apple's AI prospects may not be enough to power significant upgrades. "Contrary to consensus, we maintain the view that Apple's AI strategy will not lead to a significant iPhone upgrade cycle this fall."

Persons: Tim Cook, Siri, D.A, Davidson's Gil Luria, Luria, Goldman Sachs, Michael Ng, Morgan Stanley's Erik Woodring, Woodring, Toni Sacconaghi, Atif Malik, OpenAI, Evercore ISI's Amit Daryanani, Apple's, David Vogt, Tim Long, Long Organizations: Apple, Worldwide, Apple Intelligence, Napster, Citigroup, UBS, Barclays

☆ I'm a cybersecurity expert who likes using AI. But I'd never share a few things with ChatGPT or its competitors.
▼ + stars: | 2024-06-11 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +6 min

I'm a security expert and a vice president of engineering at a content management system company, which has Netflix, Tesla, and Adidas among its clients. Here are four things I would keep in mind when interacting with AI chatbots like OpenAI's ChatGPT, Google's Gemini, Anthropic's Claude, or Perplexity AI. Follow company AI guidelinesAs using AI in the workplace becomes common for tasks like coding or analysis, it is crucial to follow your company's AI policy. As AI chatbots become more humanlike, we are swayed to share more and open up to topics we would not have before. Do you work in tech or cybersecurity and have a story to share about your experience using AI?

Persons: —, Sebastian Gierlinger, Google's, Anthropic's Claude, ChatGPT, OpenAI, chatbots Organizations: Service, Netflix, Tesla, Adidas, Business, Facebook Locations: Storyblok, Austria

☆ Sam Altman may have just scored a major coup
▼ + stars: | 2024-06-11 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Read previewForget Tim Cook: OpenAI and Sam Altman might be the biggest winners after Monday's announcements at Apple's Worldwide Developers Conference. While Apple announced Apple Intelligence, its in-house artificial-intelligence tool, it also said that Apple users will soon be able to use ChatGPT in Siri through an integration it created with OpenAI. The feature is part of Apple's iOS 18, iPadOS 18, and Sequoia, its computer operating system. Apple's iOS is installed on about 2.2 billion devices, Wedbush Securities estimated in a note on Monday. OpenAI said in a statement that "the ChatGPT integration, powered by GPT-4o, will come to iOS, iPadOS, and macOS later this year.

Persons: —, Tim Cook, OpenAI, Sam Altman, ChatGPT, it's, Craig Federighi, Apple's, Siri, Altman, Google's, Kelsey Peterson, Cook, haven't, macOS, Apple Organizations: Service, Apple's Worldwide, Apple, Apple Intelligence, Business, OpenAI, Wedbush Securities, Washington Post, Google, Safari Locations: Siri, Sequoia, WWDC

☆ Malawi's vice president and 9 others are confirmed dead after the wreckage of their plane is located
▼ + stars: | 2024-06-11 | by ( ) www.cnbc.com time to read: +5 min

Malawian Vice President Saulos Chilima and nine other people died when the small military plane they were traveling in crashed in bad weather in a mountainous region in the north of the country, the president said Tuesday. He said Chilima was "a good man, a devoted father and husband, a patriotic citizen who served his country with distinction, and a formidable vice president." Former first lady Shanil Dzimbiri, the ex-wife of former President Bakili Muluzi, was also on the plane, the president had said. The president described the aircraft as a small, propeller-driven plane operated by the Malawian armed forces. Chilima was serving his second term as vice president.

Persons: Saulos Chilima, Chilima, Lazarus Chakwera, Chakwera, Shanil Dzimbiri, Bakili Muluzi, Peter Mutharika, Mutharika, — Organizations: Malawian, U.S, Embassy, Department of Defense, Chilima's United Transformation Movement, World Bank Locations: Mzuzu, South Korea, Lilongwe, Air, Viphya, Africa, Malawi, U.S, Norway, Israel

☆ 'Best WWDC Ever': Wall Street is pumped up over Apple's AI game plan
▼ + stars: | 2024-06-11 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Wall Street was definitely impressed by Apple's WWDC event on Monday. Analysts predict AI features will drive significant upgrade cycles for the iPhone 16 and iPhone 17. Here's what Wall Street is saying about Apple's WWDC event. Citi: 'Best WWDC ever'"We believe Apple's WWDC was the best WWDC conference in a long time as it introduced 'AI for the rest of the people," analysts at Citi said. Chatterjee echoed Citi's thoughts that the AI features should drive a massive upgrade cycle for the iPhone over the next two years.

Persons: Apple's, Siri, —, Goldman Sachs, We're, Michael Ng, WWDC, Atif Malik, Samik Chatterjee, Chatterjee, Dan Ives, Ives Organizations: Service, Apple, Citi, Goldman, JPMorgan, Apple Intelligence, Cook

☆ Sotheby’s, Fanatics team up to offer rare sports trading card auctions
▼ + stars: | 2024-06-11 | by ( Ian Thomas | ) www.cnbc.com time to read: +1 min

Fanatics wants to expand the sports trading card industry. Now it's aiming to meet high-end collectors through a new partnership with Sotheby's that will create a collection of auctions for trading cards valued at more than $100,000. Fanatics has quickly moved into the trading card space, acquiring Topps in 2022 and signing several exclusive card licensing deals across professional leagues, including the NBA, NFL and MLB. "It's also an opportunity to really elevate sports trading cards, and create these moments with some of the most important and prestigious cards." Sotheby's has increasingly leaned into sports, something that Brahm Wachter, Sotheby's head of Modern Collectables, said is one of the auction house's fastest-growing categories.

Persons: Sotheby's, Jackie Robinson, Nick Bell, Collect, It's, Muhammad Ali's Organizations: Topps, NBA, NFL, MLB, Kobe Bryant Los Angeles Lakers Locations: New York, Manila

☆ Why the Trump campaign never fundraised off the Hunter Biden trial
▼ + stars: | 2024-06-11 | by ( Brian Schwartz | ) www.cnbc.com time to read: +4 min

Former President Donald Trump has spent years attacking Hunter Biden, President Joe Biden's only surviving son, and raising campaign cash on his unfounded claims that the Biden family is corrupt and above the law. Long before Hunter Biden was found guilty Tuesday of three federal gun crimes, Trump made the 54-year-old lawyer and recovering drug addict the centerpiece of his bare-knuckle campaign against Joe Biden during the 2020 presidential election. The latest Trump ads on Google and YouTube are also devoid of any mention of Hunter Biden. "Trump and Republicans have accused Hunter Biden of being at the center of a massive web of corruption involving his father as vice president. The Trump campaign announced May 31 that in the 24-hour period after the former president's conviction it raised over $50 million.

Persons: Donald Trump, Hunter Biden, Joe Biden's, Biden, Long, Trump, Joe Biden, Trump's, Hunter, Hunter Biden's, doesn't, Evan Siegfried, Rudy Giuliani's, Siegfried, Karoline Leavitt, corruptly, Lara Trump, — Organizations: CNBC, Facebook, Trump, Google, YouTube, Biden White, Justice Department, Republican, NBC News, New, Republican National Committee Locations: Las Vegas , Nevada, U.S, China, Russia, Ukraine, New York

☆ OpenAI ex-employees worry about company's control over their millions of dollars in shares
▼ + stars: | 2024-06-11 | by ( Hayden Field | ) www.cnbc.com time to read: +12 min

However, current and former OpenAI employees have been increasingly concerned about access to liquidity, according to interviews and documents shared internally. "We're incredibly sorry that we're only changing this language now," an OpenAI spokesperson told CNBC after the company changed course. In at least two tender offers, the sales limit for former employees was $2 million, compared to $10 million for current employees. In addition to current and former employees, OpenAI has a third tier for share sales that consists of ex-employees who now work at competitors. OpenAI said it's never canceled a current or former employee's vested equity or required a repurchase at $0.

Persons: Sam Altman, Jason Redmond, OpenAI, Slack, Siri, Ilya Sutskever, Jan Leike, Altman's, Sarah Friar, Larry Albukerk, Albukerk, CNBC they've, it's, Doug Brayley Organizations: Microsoft, AFP, Getty, CNBC, Apple, Federal Trade Commission, Justice Department, Nvidia, OpenAI, EB Exchange, Ropes & Gray Locations: Redmond , Washington, OpenAI, California

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