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☆ Did Apple just outthink everyone in AI? A chat with tech analyst Ben Thompson
▼ + stars: | 2024-06-13 | by ( Peter Kafka | ) www.businessinsider.com time to read: +9 min

When I try to get my head around big, complicated tech questions, I often rely on Ben Thompson, the influential tech analyst who writes the Stratechery newsletter. And that Apple gets the upside of AI without incurring many of the costs and risks other tech players are taking on. AdvertisementPeter Kafka: You seemed pretty enthusiastic about Apple's AI efforts before they announced them on Monday. One is some massive AI breakthrough, such that the phone becomes the commodity, as opposed to Apple making the AI the commodity. Peter Kafka: You've been speculating about whether Apple is paying OpenAI, or OpenAI is paying Apple.

Persons: —, Ben Thompson, Peter Kafka, They're, Tim Cook, Justin Sullivan, Who's, They've, Apple, You've, OpenAI, Sam Altman, Thompson, Mark Gurman Organizations: Service, Apple, Business, Washington Post, Bloomberg, OpenAI Locations: ChatGPT.com

☆ Stock market today: US stocks climb as wholesale inflation data shows big cooldown in prices
▼ + stars: | 2024-06-13 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

The producer price index slid 0.2% month over month against forecasts of a 0.1% decrease. Tesla stock jumped as Elon Musk said on X his pay package was headed for approval. AdvertisementUS stocks continued their rally to record highs on Thursday after investors took in another cooler-than-expected inflation print. In May, the producer price index slid 0.2% month over month against forecasts of a 0.1% decrease. Tesla stock jumped more than 6% as Elon Musk said on X that his $56 billion compensation package was headed for shareholder approval.

Persons: Stocks, Elon Musk, —, Clark, Bellwether, DealBook Organizations: Service, Bloomberg, PPI, Federal Reserve, Treasury, Vanguard, BlackRock, Here's

☆ France, With Elections, Is in Danger - The New York Times
▼ + stars: | 2024-06-13 | by ( Cole Stangler | ) www.nytimes.com time to read: +2 min

President Emmanuel Macron’s decision to dissolve the National Assembly and hold snap legislative elections on June 30 and July 7 has given the far right its best shot at governing France for the first time since the Vichy regime of World War II. The move stunned the country’s political class, including high-ranking Macronists from whom the president’s plans were reportedly heavily guarded. And for much of France, the decision remains perplexing. But make no mistake: France is in danger. Since the 2022 legislative elections denied his electoral alliance a majority in the National Assembly, his coalition has been forced to seek support from other parties, namely the right-wing Republicans.

Persons: it’ll, Emmanuel Macron’s, Macronists, Macron Organizations: National Assembly, France, Republicans, Republican Locations: Vichy, France

☆ 'Bridgerton' just made its boldest book change yet — but how will it play out on the show?
▼ + stars: | 2024-06-13 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +7 min

"Bridgerton" season three wrapped up Penelope and Colin's love story — but its finale set up a revelatory future for Francesca Bridgerton that's a major divergence from the books. For those who have been praying for one of the Bridgerton siblings to get a queer storyline, season three delivered. Francesca Bridgerton marries John Stirling in the season three finale of "Bridgerton." Emma Naomi as Alice Mondrich and Martins Imhangbe as Will Mondrich in "Bridgerton" season three. Brownell told Glamour that despite the change from Michael to Michaela, she still plans to "honor" the book on television.

Persons: —, Penelope, Francesca Bridgerton that's, Benedict Bridgerton, Lady Tilley Arnold, Francesca, John Stirling, Earl of Kilmartin, Penelope Featherington's, Michaela Stirling, Masali Baduza, Michaela, Michael, John's, Francesca's, He's, John, Francesca Bridgerton, Liam Daniel, Jess Brownell, Glamour, " Brownell, Benedict befriends, Henry Granville, who's, Granville, Benedict, Queen Charlotte, queen's footmen, Reynolds, Sam Clemmett, Freddie Dennis, Brimsley, Young Reynolds, Nick Wall, Hugh Sachs, Brownell, Francesca miscarries, he's, congrats, Kent, Lady Kent's, Emma Naomi, Alice Mondrich, Martins Imhangbe, Will Mondrich, Netflix Michaela, sequester, she'll, it's heartening Organizations: Service, Business, Netflix Locations: London, Queen, England, India, John's

☆ Tesla pops 6% in premarket after Elon Musk says he is set for victory in $56 billion pay vote
▼ + stars: | 2024-06-13 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Shares of Tesla popped in premarket trading, after Elon Musk said shareholders are set to approve his controversial $56 billion pay package and a resolution to move the electric car maker's incorporation to Texas. Tesla shareholders have been voting on two resolutions and can have their say up to the company's annual meeting on Thursday. The first measure under consideration is whether to green light a $56 billion pay package that shareholders originally approved in 2018, before being voided by a Delaware judge in January. Musk now said that both of these resolutions are currently passing by "wide margins," without disclosing specifics or his sourcing. Critics of the pay deal argue that Musk is distracted by his other endeavors, and that the package, the largest in U.S. corporate history, is excessive.

Persons: Elon Musk, Tesla, Musk Organizations: SpaceX, X Holdings Corp, Milken Institute's Global, Beverly Hilton Hotel, CNBC, Twitter Locations: Beverly Hills , California, Texas, Delaware

☆ I have an introverted daughter and an extroverted daughter. We give them each space to be who they are.
▼ + stars: | 2024-06-13 | by ( Erin La Rosa | ) www.businessinsider.com time to read: +4 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. This isn't a new situation for me — my older daughter wilts around big groups of people while my younger daughter lights up in the presence of others. I'm what they call an extroverted introvert — someone who enjoys socializing but still needs time to recharge afterward. AdvertisementWe build in introvert and extrovert time during the weekWeekdays are easier for us to schedule activities catered to each of our kids. When my extrovert needs some stimulation, I'll take her out for an adventure at the zoo while my husband has a 1:1 movie date with our introvert.

Persons: I'm, I've, we're, We've, Erin La Rosa Organizations: Service, wilts Locations: introvert, Los Angeles

☆ A weird legacy of the Falklands War could get Ukraine 5 fighter jets: report
▼ + stars: | 2024-06-13 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +1 min

Argentina is holding talks to send five fighter jets to Ukraine, Argentine media reported. Its Super Étendard jets are inoperable due to a Falkland War-era embargo, local outlet Infobae said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAn unusual legacy of the Falklands War could help Ukraine get a new set of fighter jets. Argentine news outlet Infobae reported on Tuesday that the country is holding talks with NATO, the US, and France to provide Ukraine with five Super Étendard fighter jets.

Persons: — Organizations: Argentina, Service, NATO, Super, Business Locations: Argentina, Ukraine, Argentine, France

☆ Netflix co-founder says this weekly ritual keeps him successful: I’ve done it ‘for over 30 years’
▼ + stars: | 2024-06-13 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

Netflix co-founder Marc Randolph's greatest source of pride isn't helping to launch the streaming giant. In the post, which Randolph also published on LinkedIn last year, he wrote that the boundary helped him put work in perspective. "The thing I'm most proud of in my life is not the companies I started," wrote Randolph, who currently sits on a variety of company boards, including Solo Brands. Randolph's family-prioritizing goal may have helped him succeed professionally, too: Setting boundaries between your work and personal life can prevent burnout, experts say. Even Randolph hasn't been immune to breaking his own rule, he wrote in a post on Substack in February.

Persons: Marc Randolph's, Randolph, Randolph hasn't Organizations: Netflix, LinkedIn, Solo Brands Locations: Substack

☆ A crocodile was terrorizing this Australian town. So residents cooked and ate it
▼ + stars: | 2024-06-13 | by ( Angus Watson | ) edition.cnn.com time to read: +2 min

CNN —A remote Australian community has taken revenge on a massive saltwater crocodile by eating the 3.6-meter (11.8-foot) beast blamed for devouring pets and chasing children. On Wednesday, police in the town of Bulla in Australia’s Northern Territory shot the crocodile after deeming it a “significant risk to the community.”The animal was barbecued after it was shot by police. Numbers have boomed in the decades since, with the Northern Territory now home to some 100,000 crocodiles, according to the local government. In April, a 16-year-old boy was killed by a crocodile in northern Queensland while attempting to swim to shore after his boat broke down. A nine-year-old boy was lucky to survive a crocodile attack in the Northern Territory’s Kakadu National Park in January, after being hospitalized with “puncture wounds.”

Persons: “, ”, Andrew McBride, ” Sergeant McBride, Kristen Hay Organizations: CNN, Northern Territory Police, ABC Locations: Bulla, Australia’s Northern Territory, Australia, Northern Territory, Queensland, Western Australia

☆ Dyson spheres: Could alien megastructures exist in the Milky Way? Scientists found 7 places to look
▼ + stars: | 2024-06-13 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +13 min

Now, a new study that looked at 5 million stars in the Milky Way galaxy suggests that seven candidates could potentially be hosting Dyson spheres — a finding that’s attracting scrutiny and alternate theories. If Dyson spheres really exist, what could they be used for? “Freeman Dyson said that we should dismantle Jupiter — the whole planet (for the raw materials).”That supercolossal scale probably means that Dyson spheres, if they exist at all, are very rare. “However, contamination by circumstellar debris disks, which mimic Dyson Sphere infrared signatures, remains a concern,” he added in an email. However, he added, the radiation fingerprint of the seven Dyson sphere candidates might be explained by natural phenomena as well.

Persons: Freeman Dyson, ”, Dyson, Olaf Stapledon’s, George Dyson, ’, Freeman J, couldn’t, Matías Suazo, Suazo, “, Webb, that’s, Gabriella Contardo, NASA’s James Webb, ” Suazo, “ Freeman Dyson, Jason Wright, James Webb, —, Leslie Surginer, ” George Dyson, Tomotsugu Goto, Zaza Osmanov, ” Osmanov, George Organizations: CNN, Institute of, “, ‘, AP, Dyson, SETI Institute, Fermi, Accelerator Laboratory, Fermilab, Royal Astronomical Society, Uppsala University, NASA, Survey, JPL, ESA, European Space Agency, Micron, Sky Survey, University of Massachusetts, Jet Propulsion Laboratory, International School, Studies, Telescope, Penn State University, James Webb Space Telescope, William Press, Computer Science, University of Texas, Tsing Hua, SETI, of Physics, Free University of Tbilisi Locations: British, Princeton , New Jersey, Sweden, Trieste, Italy, Austin, Tsing Hua University, Taiwan, Georgia

“My parents took me to see ‘Peter Pan’ at TheatreWorks in Palo Alto. I was 3, and I was sitting on my mom’s lap, and Captain Hook had Peter Pan tied up, and apparently I stood up on my mom’s lap, and I screamed, ‘You poo-poo head!’ at Captain Hook.” — Will Brill“I saw Mark Rylance play Olivia in ‘Twelfth Night.’ And I was so astonished by his tragic sense of humor. I had been planning on doing an Olivia monologue to audition for school, and I was like, ‘I can’t do it because he’s too brilliant.’ I changed my monologue.” — Juliana Canfield“I did three different productions of ‘Grease.’ I played Danny every time, at 12, 14, and then my senior year of high school. When I was Danny my senior year, all of a sudden the girls started to take notice.” — Tom Pecinka

Persons: “, Peter Pan ’, Captain Hook, Peter Pan, — Will Brill, Mark Rylance, Olivia, ‘, ” — Juliana Canfield “, ’, Danny, ”, Tom Pecinka Locations: TheatreWorks, Palo Alto

☆ Steve Eisman says this is one of the more interesting things on the AI boom he's heard in a long time
▼ + stars: | 2024-06-13 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Steve Eisman of "The Big Short" fame said a new thesis derived from the artificial intelligence boom has caught his attention. "You can make an argument that the revaluation of hardware is going to continue and that some parts of software will derail." But it's one of the more interesting things that I've heard in a long time," Eisman said. 'Hidden AI play' The widely followed investor has been closely tracking AI developments in the market. Apple announced it would weave generative AI technology across its native apps and latest devices, with features ranging from writing-assistance technology to generative AI-generated emojis.

Persons: Steve Eisman, Neuberger Berman, Eisman, I've, shorting, Michael Lewis's, Apple, Tim Cook Organizations: Apple, Microsoft, Oracle

☆ In China’s Backyard, America Has Become a Humbler Superpower
▼ + stars: | 2024-06-13 | by ( Damien Cave | ) www.nytimes.com time to read: +1 min

Here, America no longer presents itself as the confident guarantor of security, a trust-us-we’ve-got-this superpower. The terrain is too vast, China’s rise too great a threat. So the United States has been offering to be something else — an eager teammate for military modernization and tech development. “In the past, our experts would talk about a hub-and-spokes model for Indo-Pacific security,” Defense Secretary Lloyd J. Austin III said this month at a global defense conference in Singapore. “Today we’re seeing something quite different.”In this new era, many countries are doing more, on their own and with U.S. help.

Persons: Lloyd J, Austin III Organizations: ”, U.S, South Locations: Ukraine, Gaza, Italy, Washington, Asia, America, United States, Singapore, “, Australia, South Korea, India, Japan

☆ Election Updates: Trump returns to Washington to flex political muscle.
▼ + stars: | 2024-06-13 | by ( Maggie Haberman | Jonathan Swan | ) www.nytimes.com time to read: +6 min

“There’s high anticipation here and great excitement,” Speaker Mike Johnson told reporters on Wednesday before Mr. Trump’s visit. Mr. McConnell condemned Mr. Trump’s actions and declared him responsible. Pressed about Mr. Trump’s visit to Washington, Mr. McConnell told reporters on Wednesday, “I said earlier this year I supported him. He’s earned the nomination by the voters all across the country.”Defying the expectations of Mr. McConnell and many others, Mr. Trump did not disappear. Most of corporate America had turned its back on Mr. Trump after the violence on Jan. 6.

Persons: Donald J, Trump, Republicans ’, Biden, Trump’s, Mitch McConnell, —, “, Mike Johnson, John Barrasso of, McConnell, acquit, Erin Schaff, Mr, He’s, Ron DeSantis, Tim Cook, Jamie Dimon Organizations: Republicans, Republican, Trump, Business, Capitol, Biden’s Electoral, The New York Times, Gov, Capitol Hill, Apple, JPMorgan Chase, America Locations: Washington, Manhattan, John Barrasso of Wyoming, Georgia, Lago, Florida, Mecca

☆ 3 risks to global economic growth
▼ + stars: | 2024-06-13 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

The World Bank on Tuesday raised its 2024 outlook for global economic growth to hold steady at 2.6%, an increase from its previous projection of 2.4% growth. “Four years after the upheavals caused by the pandemic, conflicts, inflation, and monetary tightening, it appears that global economic growth is steadying,” Indermit Gill, the World Bank’s chief economist, said in a release accompanying the report. Prospects for the world’s poorest economies are even more worrisome.”Here are three risks the World Bank sees. The World Bank said that spillover risk from the Russia-Ukraine war and Israel-Hamas war could curb global growth by pushing up oil prices and shipping costs. Trade tensions are already brewing between some of the world’s biggest global economic engines.

Persons: ” Indermit Gill, Jerome Powell, ”, Ayhan Kose, Danielle Wiener, Bronner, Joe Erlinger, aren’t, TikTok, John S, James L, Donald Trump, Joe Biden’s, Biden Organizations: CNN Business, Bell, New York CNN, Bank, World Bank, European Central Bank and Bank of Canada, US Federal Reserve, European Commission, EU, Bureau of Labor Statistics, McDonald’s, Pew Research Center, Knight Foundation, TikTok Locations: New York, Russia, Ukraine, Israel, India, Mexico, United States, France, United Kingdom, China, Beijing

☆ Elon Musk says Tesla shareholders have re-approved his pay package worth billions that a judge struck down
▼ + stars: | 2024-06-13 | by ( Chris Isidore | ) edition.cnn.com time to read: +8 min

New York CNN —Elon Musk said late on Wednesday that Tesla shareholders have re-approved a pay package worth billions that was already thrown out by a Delaware judge earlier this year in a vote that also approved moving Tesla to Texas. “Both Tesla shareholder resolutions are currently passing by wide margins! He famously bought social media platform Twitter for $44 billion in 2022, selling $22.9 billion of his Tesla shares to help fund that purchase. But perhaps a more serious concern among Tesla shareholders is the pioneering electric car company itself. Even with Musk’s pay package again endorsed by shareholders, the Delaware court could still have the final say.

Persons: New York CNN — Elon Musk, Musk, ”, Tesla, Chancellor Kathaleen McCormick, Antonio Gracias, Musk’s, Todd Maron, “, McCormick, ” Tesla, Robyn Denholm, Elon, ” Denholm, Cathie Wood, Ark, Ron Baron, Baron Capital, “ Elon, ’ ”, he’s, X, retweeted Organizations: New, New York CNN, Securities and Exchange Commission, SpaceX, Neuralink, Boring Company, Elon, Ark Invest, Baron, California, Fund, Twitter, Tesla Locations: New York, Delaware, Texas, Norwegian, Tesla

☆ Sam Kerr signs contract extension at Chelsea… but not before giving fans a minor scare
▼ + stars: | 2024-06-13 | by ( Rebecca Hall | ) edition.cnn.com time to read: +2 min

CNN —Soccer star Sam Kerr has signed a new contract with current Women’s Super League (WSL) champion Chelsea, the club announced Thursday, but not before giving her fans a minor scare. According to BBC Sport, it was Kerr’s idea to tease the fans around the news of the contract extension. Kerr has become one of the best players in women's soccer. Former Chelsea manager Hayes had made it her mission to convince Kerr to move to the WSL club back in 2019. Sonia Bompastor’s recent arrival as the new Chelsea manager marks a new era in west London, but retaining Kerr will help steady the ship.

Persons: Sam Kerr, Emma Hayes, Kerr, Chelsea, ”, Alexander Canillas, Aitana Bonmati, Ballon, Hayes, Sonia Bompastor’s Organizations: CNN — Soccer, Super League, Chelsea, US, BBC, Chicago Red Stars, Champions League, Blues Locations: London, soccer, Barcelona

☆ Soccer union launches legal action against FIFA over fixture congestion
▼ + stars: | 2024-06-13 | by ( Sammy Mncwabe | Samuel Joseph | ) edition.cnn.com time to read: +5 min

CNN —FIFA is facing a legal challenge over the world governing body’s “unilateral” decision to set the international match calendar – notably an expanded 32-team FIFA Club World Cup – unions representing soccer players said in a statement on Thursday. CNN has reached out to FIFA for comment on the legal action. As their union, we have a duty to intervene and to enforce their legal rights as employees. Manchester City lift the Club World Cup trophy in 2023 - the competition is set to expand from seven teams to 32 in 2025. Francois Nel/Getty ImagesIn addition to the larger Club World Cup, all three European club competitions will be expanded to 36 teams for the 2024/2025 season.

Persons: –, ”, David Terrier, “ It’s, Maheta Molango, “, Molango, Gianni Infantino, ” Infantino, Francois Nel, Vinícius Júnior, Ballon d’Or, Ronaldinho, Vinícius Jr, Jude Bellingham, Wayne Rooney –, David Beckham Organizations: CNN, FIFA, FIFA Club, English, ’ Association, des, FIFPRO, European Court of Justice, of Fundamental, Commerce, PFA, World League, of Football, FIFA Congress, Manchester City, Champions League, Europa League, Conference League, Manchester United Locations: FIFPRO Europe, Europe, United States, Brussels, FIFPRO, Bangkok, Manchester, Real Madrid, Brazil, Madrid, England, Bellingham

☆ Opinion | The Joys and Perils of Return Travel
▼ + stars: | 2024-06-13 | by ( Pamela Paul | ) www.nytimes.com time to read: +1 min

Venice is one of those bucket-list places, a city so extraordinary you want to see it at least once. For those of us who love to travel, the question of whether to revisit a place you’ve been to before is a repeated conundrum. You go back to some places to see certain people or to visit in the company of new people. Whichever way, return travel is as much an act of time travel as it is a geographic one. You’ve changed and the place has changed.

Persons: I’d, You’ve, You’re Locations: Venice

☆ Elon Musk sure seems to be following Donald Trump's playbook
▼ + stars: | 2024-06-13 | by ( Aditi Bharade | Jyoti Mann | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewElon Musk seems to be taking a page out of Donald Trump's playbook. This story is available exclusively to Business Insider subscribers. Musk admitted in his March interview with Don Lemon that he takes a "small amount" of ketamine every other week. Representatives for Musk didn't immediately respond to a request for comment from Business Insider, made outside normal working hours.

Persons: —, Elon, Donald Trump's playbook, Trump, Musk, David Sacks, Chamath Palihapitiya, they've, Zuck, Mark Zuckerberg, Sam Altman, There's, Don Lemon, Lemon, Musk didn't Organizations: Service, White, Business, Tesla, SpaceX, Wall Street, Trump, Reuters, Republican, OpenAI, Microsoft, Representatives Locations: San Francisco

☆ PPI report: Another positive sign for consumers after wholesale inflation ticked down last month
▼ + stars: | 2024-06-13 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +3 min

Economists polled by FactSet had anticipated a 0.1% rise in monthly wholesale inflation. Excluding food and energy prices, so-called “core” producer inflation rose 2.3% on an annual basis, the same level seen in April. PPI captures average price shifts before they reach consumers and serves as a potential bellwether for retail-level inflation in the months ahead. The new inflation data follows May’s Consumer Price Index released Wednesday, which showed that the pace of price increase consumers see across goods and services cooled to 3.3% from 3.4% in April. But others expressed concerns that the fall in producer prices may actually represent a negative consequence.

Persons: FactSet, Price, Jerome Powell, he’d, ” Clark Bellin, ”, Christopher Rupkey, ” Rupkey Organizations: New, New York CNN, Federal Reserve, of Labor Statistics, PPI, Fed, FwdBonds Locations: New York

☆ Here are 9 stocks that can benefit from Fed interest rate cuts
▼ + stars: | 2024-06-13 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Housing We see Stanley Black & Decker as a major beneficiary of Fed rate cuts due to its link to the housing market. On the one hand, lower rates mean a bank like Wells Fargo makes less money on the money it lends. Biotech Danaher should also see some benefit as lower rates lead to improved funding dynamics for biotech companies. Like in housing, monthly payments become far more manageable at lower rates, and therefore affordability and demand, stand to increase. Salesforce , which has also highlighted more measured deal activity, might not benefit as much from lower rates.

Persons: Jerome Powell, Stanley Black, Decker, Stanley, That's, Wells, Morgan Stanley, SVB, Ford, We're, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: Nasdaq, CNBC, Fed, Biotech, Silicon Valley Bank, Ford, Palo, Networks, Microsoft, Jim Cramer's Charitable, Bloomberg, Getty Locations: Wells, Wells Fargo, Silicon Valley, Colma , California

☆ Armenia to withdraw from Russia-led military alliance, accusing members of plotting war
▼ + stars: | 2024-06-13 | by ( Christian Edwards | ) edition.cnn.com time to read: +5 min

CNN —Armenia will leave a Russia-led military alliance, Prime Minister Nikol Pashinyan confirmed Wednesday, accusing members of the bloc of plotting with bitter rival Azerbaijan to start a war against them. Since the collapse of the Soviet Union, Armenia and Azerbaijan have fought two wars over the breakaway Nagorno-Karabakh region, which Azerbaijan reclaimed in full by force in September. Russia has traditionally allied with Armenia, but their relations have soured in recent months while Moscow’s ties to Azerbaijan have deepened. Pashinyan confirmed to lawmakers that Armenia will withdraw from the Russia-led military alliance. Azerbaijan has also demanded that Armenia change its constitution to remove a reference to Karabakh independence, but Pashinyan has so far resisted the calls.

Persons: Nikol Pashinyan, Pashinyan, ” Pashinyan, Karen Minasyan, “, ”, Vladimir Putin, Pashinyan –, Azerbaijan –, Ilham Aliyev, Armenpress, Bagrat Galstanyan, ” Galstanyan Organizations: CNN, Security, Organization, European Union, Getty, AFP Locations: Armenia, Russia, Azerbaijan, Moscow, United States, Soviet Union, Karabakh, Yerevan, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan, Soviet, AFP, Nagorno, Aliyev

☆ How Elon Musk's massive pay package stacks up against other CEOs
▼ + stars: | 2024-06-13 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

The results of the Tesla shareholder vote on Elon Musk's pay package will be announced Thursday. And if the pay package does eventually get approved, it's hard to know exactly how much it will be worth when Musk, who is worth $198 billion, per Bloomberg, actually exercises the options. Musk's pay package was worth $2.3 billion when it was granted to him in 2018, though its value has sky-rocketed as the stock ballooned and the various tranches of options vested. "When you start seeing someone making a couple hundred million — $250 million, $220 million — it seems that's when questions and media coverage starts to happen," Schloetzer said. AdvertisementTo put Musk's pay package into perspective, we compared it to those of other CEOs.

Persons: Musk, Tesla, Jason Schloetzer, it's, hasn't, Schloetzer Organizations: Service, Elon, Barclays, Kering, Business, Georgetown University's McDonough School of Business, Bloomberg Locations: Delaware, Iceland, Paraguay

☆ Bitcoin miners at Donald Trump's closed-door event say he thinks bitcoin can help win AI arms race
▼ + stars: | 2024-06-13 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +17 min

Less than four hours after Trump's roundtable wrapped, the former president took to social media to extol the virtues of the bitcoin mining business. "Bitcoin mining may be our last line of defense against a CBDC," Trump posted shortly before midnight on Tuesday. "That's where you've got all these ancillary jobs; it's not just the bitcoin mining directly," said Cook. Enter bitcoin miners. Adding bitcoin miners to the portfolio of energy buyers has helped to improve the core economics of renewable power production.

Persons: Donald Trump, Eva Marie Uzcategui, —, New York —, Jason Les, Bitcoin, Bill Hagerty, David Bailey, Trump, Bailey, Sen, Elizabeth Warren, Les, Warren, Geoff Kendrick, bitcoin, Matthew Schultz, Jayson Browder, Brian Hughes, Biden, Harris, Andreessen Horowitz, Ron Conway, Fred Wilson, Cameron, Tyler Winklevoss, Schultz, Browder, CleanSpark, Coke, Chris Cook, Cook, There's, Amanda Fabiano, Fabiano, Marathon's Browder, We've, Exacore's Cook, you've, it's, Digital's Browder Organizations: U.S, Mar, Lago, Trump, Riot, Marathon Digital Holdings, Arkon Energy, Cholla Energy, Exacore, CNBC, Senate's Banking, Finance, China, BTC Inc, Radical Communist, Democratic, Trump —, solana, Internal Revenue Service, Libertarian National Convention, Standard Chartered, Circuits, Government Affairs, Federal Reserve, Biden, U.S . Treasury Department, Republican, NASDAQ, Fabiano Consulting Locations: Lago, West Palm Beach , Florida, New York, Palm Beach , Florida, bitcoin, China, Russia, U.S, America, Washington, San Francisco, Beijing, Marathon, United States, West Texas

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