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☆ Meet the ex-Goldman wealth advisor who quit to solve Britain’s £567 billion gender investment gap
▼ + stars: | 2024-09-25 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +3 min

Ayesha Ofori is a former Goldman Sachs wealth advisor who quit her high-profile job to resolve Britain's gender wealth gap, after realizing she had spent her career making rich men even richer. Ofori is the 40-year-old founder and CEO of female-focused financial investment platform, Propelle, which launched on Wednesday. Britain's gender investment gap currently stands at £567 billion — an increase of £54 billion between January 2023 and January 2024 — according to data from British financial research company Boring Money which surveyed over 6,000 adults in the U.K. It found that men have £1.01 trillion invested compared with £450 billion for women. The gender pensions gap refers to the differences in retirement income or retirement wealth between men and women.

Persons: Ayesha Ofori, Goldman Sachs, Propelle, Ofori, Stefan Bollinger, Julius Baer, Lucy Demery, Goldman, wasn't, I'd, isn't Organizations: Goldman, Vanguard, Blackrock, HSBC, Google, CNBC, Barclays, Ofori Locations: Prospect, British

☆ Influencers are shepherding their online followers to IRL events as they look to build communities and make money
▼ + stars: | 2024-09-25 | by ( Amanda Perelli | Sydney Bradley | ) www.businessinsider.com time to read: +9 min

Vox Media has also doubled down on investing in podcasting and is helping its podcast creators expand into live events. Jackie Cinguina, chief marketing officer, and Lillian Xu, executive director, spoke with BI about the company's offerings for podcast creators. Vox Media leans on specific marketing, like placing podcast talent into larger in-person events to perform, like South by Southwest. "From an audience standpoint, we thought it was really important," Xu said about bringing back live events. You see them react to the audience and feed off of them when they are in front of a live audience."

Persons: —, Cary, Michael Huang, Cary Huang, Huang, Tana Mongeau, Brooke Schofield, Jake Shane, Ethan, Hila Klein, Mongeau, Schofield, Hugo Amsellem, it's, Jenna Bandy, Bree Green, Carson Roney, Alex Sheinman, Claire Parker, Ashley Hamilton, Parker, Hamilton, cohost Claire, Dan Howell, Phil Lester, Howell, Lester, Ariana Nathani, Jackie Cinguina, Lillian Xu, Cinguina, Vox, Xu, they're, Delia Cai, Hunter Harris, Emilia Petrarca, Sophia Efthimiatou, Efthimiatou Organizations: Service, Saban Media Center, Disney, Nickelodeon, YouTube, Business, Dolby Theatre, Snapback Agency, Snapback, of, Creators, Netflix, Vox, Vox Media, BI, Southwest, IRL Locations: Hollywood, LA, America, of America, York, Hamilton, South

☆ Inside the strain challenging the US Secret Service
▼ + stars: | 2024-09-25 | by ( Betsy Klein | Jamie Gangel | ) edition.cnn.com time to read: +12 min

While the reputation of the US Secret Service is one of precision, vigilance and security, the reality is more complicated – a high-stress, high-intensity workplace beset by management and logistical issues. (The Secret Service is mandated to protect all foreign heads of state while they are on US soil). “Following the events of July 13, the U.S. Secret Service enhanced our protective model for protectees. According to the Secret Service official, the agency’s attrition rate was 10.26% in fiscal year 2022, 8.78% in 2023, and 8.85% for fiscal year 2024 so far. A USSS spokesman disputed any reports of tension between Secret Service and the Bidens.

Persons: Donald Trump, Butler, ”, Joe Biden, protectee, USSS, Kamala Harris, Sen, JD Vance, Tim Walz, That’s, ” Anthony Guglielmi, ” Guglielmi, ” Biden, “ They’re, Ronald Rowe, Kimberly Cheatle, “ You’re, Rowe, nodded, Jonathan Wackrow, Trump, Wackrow, Biden, ’, “, Trump’s Butler, CNN’s Whitney Wild Organizations: CNN, Service, Secret Service, San Francisco, Trump, Gov, United Nations General Assembly, Democratic, Republican, Secret, Places, Federal Government, Public Service, Boston Consulting, Washington Post Locations: Butler , Pennsylvania, Florida, San Francisco, Asia, Pacific, San, New York, U.S, Cheatle

☆ With more interest rate cuts, market volatility on the horizon, here's what investors can do to prepare
▼ + stars: | 2024-09-25 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

"We know there needs to be a continuation of rate cuts," Oden said. "The new debate is the question, is the next one going to be another 50 [basis points], or will it be 25 [basis points]?" Expect market volatility aheadYet the U.S. faces another looming uncertainty with the upcoming November election. Market volatility, which tends to increase in September, will likely continue in October, according to Oden. "Pre- and post-election, we will still see some volatility," Oden said.

Persons: Thomas Barwick, Racquel Oden, Oden, we're, Carolyn McClanahan, McClanahan Organizations: Digitalvision, Federal Reserve, HSBC, CNBC's, Investors, Planning Partners, CNBC FA Locations: U.S, Jacksonville, Fla

☆ I tried out Meta's Orion computer glasses. I'd buy them in a heartbeat — if they were actually for sale.
▼ + stars: | 2024-09-25 | by ( Peter Kafka | ) www.businessinsider.com time to read: +8 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. More important: Unlike other face-computing tech I've tried over the years — Google's Glass, Apple's Vision Pro, Meta's own line of Quest goggles — this is one I can actually imagine buying, and using, in real life. Meta's Orion glasses can serve many of the same purposes as a smartphone. Meta's Orion glasses are connected to a wristband that reads muscle movements. If Orion, or any other device Meta makes, becomes the future of computing, then Zuckerberg can operate his business on his devices.

Persons: —, Mark Zuckerberg, Alex Heath, I've, Orion, who's, Meta Orion, It's, Zuckerberg, Meta, he's Organizations: Service, Orion, Business, Meta, Apple, Google

☆ Stock market today: Indexes trade mixed as record-setting rally wavers ahead of more data, Fedspeak
▼ + stars: | 2024-09-25 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

The rally in US stocks took a breather on Wednesday as traders looked ahead to coming economic data. Major indexes wobbled and bond yields were slightly higher. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Major stock averages pulled back slightly after notching a series of record-highs since last week's rate cut, while bond yields edged up slightly. "Traders will be curious to hear more thoughts on the rate cut and any guidance on further monetary policy easing."

Persons: —, Powell, Hogan, Riley Wealth Organizations: Service, Federal Reserve, Treasury, Fed, US Treasury Market Conference, Federal

☆ The Pre-Market Rundown 2: September 25, 2024
▼ + stars: | 2024-09-25 | 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 EmailThe Pre-Market Rundown 2CNBC brings you fast, accurate, and actionable business news and market updates.

Organizations: CNBC

☆ 1 in 3 children worldwide is now nearsighted, study shows
▼ + stars: | 2024-09-25 | by ( Jack Guy | ) edition.cnn.com time to read: +4 min

Nearsightedness, or myopia, refers to when closer objects are clear, but distant objects are blurry. Nearsightedness is expected to keep rising among children and adolescents. This could be due in part to the fact that East Asian children start formal education at the age of 2 or 3, earlier than kids in other regions, the researchers say. Progression of nearsightedness in children can be slowed by taking breaks and avoiding hour after hour on the phone or computer, he wrote. Limiting up-close reading time outside of school — screen time or otherwise — may help slow the progression of nearsightedness in children, he added.

Persons: Sun, Dibyangshu Sarkar, “, Dr, Benjamin Botsford, ”, Botsford Organizations: CNN, British, Ophthalmology, University, UMass Chan Medical Locations: Guangzhou, China, AFP, Singapore, Taiwan, Japan, nearsighted, South Korea

☆ How to clean and season a cast iron skillet
▼ + stars: | 2024-09-24 | by ( Cory Fernandez | Cory Fernandez Is A Commerce Editor For Select On Nbc News. | ) www.nbcnews.com time to read: +11 min

That’s why learning how to clean your cast iron skillet — and how to season it regularly — is crucial for keeping it in optimal shape. To find the best way to clean, season and maintain a cast iron skillet, I spoke with multiple experts, including Seth Affoumado, a cast iron restoration specialist and Branden Lewis, a chef and professor at Johnson & Wales University. SKIP AHEAD The best products for cleaning a cast iron skillets | How to clean a cast iron skillet | How to season a cast iron skillet | Why trust NBC Select? If you prefer to use a sprayable oil for seasoning your cast iron skillet, consider this one from the cast iron skillet brand Lodge. How to clean a cast iron skilletThere are several ways to clean a cast iron skillet without ruining it.

Persons: skillet, it’s, Seth Affoumado, Branden Lewis, Affoumado, they’re, you’ve, Lewis, “ , TikTok Organizations: Johnson & Wales University, NBC, Facebook, Twitter Locations: Blackstone

☆ Ryan Murphy defends Menendez brothers Netflix series after Erik Menendez blasts it as 'blatant lies'
▼ + stars: | 2024-09-24 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +3 min

Ryan Murphy, the creator of “Monsters: The Lyle and Erik Menendez Story,” is defending the new Netflix series after it was harshly criticized by one of the brothers. Erik Menendez slammed the series, released Sept. 19 on Netflix, as "blatant lies" and called the portrayal of his brother Lyle "ruinous" in a statement from prison released by his wife. Brothers Joseph “Lyle” Menendez, now 56, and Erik Menendez, now 53, were convicted in their parents' murders in 1996 after two trials, and sentenced to life in prison without parole. Ryan Murphy on Monday responded to the backlash from Erik Menendez, telling E! In his Sept. 19 statement, Erik Menendez said: “I believed we had moved beyond the lies and ruinous character portrayals of Lyle, creating a caricature of Lyle rooted in horrible and blatant lies rampant in the show.

Persons: Ryan Murphy, Lyle, Erik Menendez, ”, Jose, Kitty Menendez, Brothers Joseph “ Lyle ” Menendez, hasn’t, Cooper Koch, ” Murphy, Jeffrey Dahmer, “, who’s, that’s, ” Erik Menendez, Lyle Menendez, Vince Bucci, Erik, he's, “ I’m, ‘, ’ ” Organizations: Netflix, Beverly Hills, Getty, Prosecutors Locations: Beverly, California, Los Angeles, AFP

A hurricane watch and warnings of storm surges up to 15 feet high were issued Tuesday for almost all of Florida's western coastline as a potential tropical storm moves across the Caribbean Sea and towards the Gulf Coast. The hurricane watch extends from Indian Pass in north-west Florida near Panama City, down to Englewood, and includes Tampa Bay. Hurricane and tropical storm watches are now in effect for the entire western coast of the Sunshine State. A hurricane watch means that hurricane conditions are possible, and is typically issued 48 hours before the anticipated onslaught of tropical-storm-force winds and conditions. Outside of the U.S., a hurricane watch is also in effect for parts of eastern Mexico from Cabo Catoche to Tulum and Pinar del Río in Cuba.

Persons: Helene, Ron DeSantis, DeSantis, Floridians, Beryl, Debby, Francine Organizations: Grand Cayman, National Hurricane Center, NHC, Sunshine State, Lower, Florida Gov, Federal Emergency Management Agency, National Guard, Florida State Guard, Atmospheric Administration, Climate Central, Northern, Florida Climate Center Locations: Gulf Coast, Florida, Panama City, Englewood, Tampa, Grand, Mexico, Flamingo, Walton, Bay, Bonita Beach, Lower Florida Keys, U.S, Cabo Catoche, Tulum, Pinar del Río, Cuba, Cayman Islands, Tallahassee, Gulfport, Henrico County, Bend, Caribbean, Northern Caribbean, Eastern Gulf of Mexico, Texas, Florida’s Big Bend, South Carolina, Louisiana

☆ China central bank releases slate of support measures amid a deepening economic slump
▼ + stars: | 2024-09-24 | by ( Evelyn Cheng | Evelyn Cheng Is A Senior Correspondent With Cnbc. | ) www.nbcnews.com time to read: +6 min

Lynn Song, chief economist for greater China ING, called the repo rate cut announcement “the most important” move made during the news conference. “If we see a large fiscal policy push as well, momentum could recover heading into the fourth quarter.”The headquarters of the People’s Bank of China in Beijing. During his first news conference as central bank governor in January, Pan said the PBOC would cut the reserve requirement ratio. Unlike the Fed’s focus on a main interest rate, the PBOC uses a variety of rates to manage monetary policy. Pan has indicated he would like the 7-day rate to become the main policy rate.

Persons: Pan Gongsheng, Pan, Lynn Song, ”, “, Jiang Qiming, ” Edmund Goh, Goldman Sachs, Li Yunze, Li, Nomura Organizations: People’s Bank of China Gov, China ING, “, U.S . Federal Reserve, People’s Bank of China, China News Service, Getty, Pan, National Financial Regulatory Administration Locations: BEIJING, China, Beijing, abrdn

☆ Margot Robbie and Jacob Elordi to star in Emerald Fennell’s ‘Wuthering Heights’ film
▼ + stars: | 2024-09-24 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Variety-Live-Blog-Byline-Image.Png | ) www.nbcnews.com time to read: +3 min

Academy Award winner Emerald Fennell‘s anticipated “Wuthering Heights” adaptation just got buzzier with Academy Award nominee Margot Robbie and BAFTA nominee Jacob Elordi attached to star as Catherine Earnshaw and Heathcliff. MRC has tapped LuckyChap to produce the upcoming feature film — written, directed and produced by Fennell, based on the classic romance novel by Emily Brontë. Robbie has also been vocal in championing Fennell’s unique sensibilities after producing both the filmmaker’s movies. She’s so masterful at tone and plot,” Robbie said reflecting on “Saltburn’s” more shocking scenes in a January interview with Variety. Deadline was first to report news of Robbie, Elordi and LuckyChap’s involvement in the project.

Persons: Emerald Fennell‘s, Margot Robbie, Jacob Elordi, Catherine Earnshaw, Heathcliff, Fennell, Emily Brontë, Oscar, ” Fennell, Barbie, Robbie, “, Elordi, Saltburn, Barry Keoghan, Variety he’s, ”, ” Robbie, Carey Mulligan, Mulligan, Rosamund Pike, Kogonada’s, Tom Ackerley, Josey McNamara, “ Saltburn ”, Elvis Presley, Sofia Coppola’s “ Priscilla, ” Elordi, Justin Kurzel, Guillermo del Toro’s, Michael Management, Jeff Bernstein, Gersh . Fennell Organizations: MRC, Variety, Entertainment, CAA, Gersh, UTA Locations: Wuthering, I’m

☆ The biggest mistakes beginners make when traveling in an RV, according to RV lifers who have traveled to all 50 states
▼ + stars: | 2024-09-24 | by ( Joey Hadden | ) www.businessinsider.com time to read: 1 min

Marc and Julie Bennett told Business Insider that many newbies to RV life don't research enough before buying their new home on wheels. Marc and Julie pose for a selfie with their RV. RV Love"It's not like buying a car," Julie said. Julie said people should do more research before purchasing an RV than they would for a regular vehicle. "It's often better to buy a well-cared-for pre-owned RV than it is to buy a new RV.

Persons: Marc, Julie Bennett, Julie

☆ TikTok is abandoning its plan to take on Spotify in music streaming
▼ + stars: | 2024-09-24 | by ( Dan Whateley | ) www.businessinsider.com time to read: +4 min

Read previewTikTok is shutting down its music-streaming app, TikTok Music, on November 28. AdvertisementIt's unclear how successful TikTok Music was at building a user base in the five countries where it launched. On Apple's app store, TikTok Music is the 28th most popular music-streaming app in Indonesia and the 71st most popular in Brazil. Why not send those TikTok music fans to a streaming app it owns? Going forward, the company will likely focus on its "Add To Music App" feature, which lets TikTok users add songs or pre-save tracks they hear on TikTok to other streaming services like Spotify, Amazon Music, and Apple Music.

Persons: —, Ole Obermann, TikTok, ByteDance, SiriusXM, hasn't Organizations: Service, Business, TikTok, Universal Music Group, YouTube, Spotify, Amazon Music, Apple Music Locations: Indonesia, Brazil, Singapore, Australia, Mexico, India

☆ Why a jump in economic growth could be the stock market's nightmare scenario
▼ + stars: | 2024-09-24 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

An acceleration of US economic growth is a major risk for investors, says economist Steven Blitz. Blitz warns a "no landing" scenario could lead to inflation rebound and Fed rate hikes. The fed funds rate should be around 4% due to economic resilience, Blitz advises. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAn acceleration of economic growth in the US might be the stock market's worst-case scenario, according to GlobalData TS Lombard chief economist Steven Blitz.

Persons: Steven Blitz, —, Blitz Organizations: Service, GlobalData, Federal Reserve

☆ A popular China ETF is surging Tuesday. It's not time to jump in just yet, according to the charts
▼ + stars: | 2024-09-24 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

Not surprisingly, the news has given a jolt to the most liquid Chinese ETF today, as well. The iShares China Large Cap ETF (FXI) has been trading even higher than that so far on Tuesday. The ETF was trading considerably higher in pre-market trading hours and opened a whopping 6% higher from the prior day's close. And that's exactly why we need to look beyond the last few months to a get true sense of its trend. And at that point, the ETF would be hitting its highest level since early 2022.

Persons: it's, FXI, that's Organizations: Shanghai Stock, RSI, CNBC, NBC UNIVERSAL Locations: China

☆ The Pre-Market Rundown: September 24, 2024
▼ + stars: | 2024-09-24 | 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 EmailNews Update – Pre-MarketsCNBC brings you fast, accurate, and actionable business news and market updates.

Organizations: CNBC

☆ My 4 daughters share the same birthday. None of the deliveries were scheduled.
▼ + stars: | 2024-09-24 | by ( Jane Ridley | ) www.businessinsider.com time to read: +4 min

My husband, Nick, and I thought it was cute when our first daughter was born on August 25, 2015, on our dog, Koda's fourth birthday. The day before we had our latest baby, Valentina, my eldest Sophia, 9, wished upon a star that she would arrive healthy on her birthday. Our daughters feel unique and specialAnother thing that people say to us is, "Oh, the poor kids, having to share a birthday." Meanwhile, Nick contacted the Guinness Book of World Records from the hospital on the day that Valentina, now one month old, was born. Do you have an interesting story about your family to share with Business Insider?

Persons: —, Kristin Lammert, Nick, Koda's, Valentina, Sophia, I'd, we'd, Guilana, Mia, Covid, hyperemesis, Guiliana —, Mia —, they'd, We're Organizations: Service, Business, Guinness, World Records Locations: South Carolina

☆ Over 400 economists and ex-officials endorse Kamala Harris
▼ + stars: | 2024-09-24 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

New York CNN —More than 400 economists and former high-ranking US policymakers are endorsing Vice President Kamala Harris and her vision for the American economy, according to a document announcing the endorsement seen by CNN. “The choice in this election is clear: between failed trickle-down economic policies that benefit the few and economic policies that provide opportunity for all,” the endorsement document reads. Harris plans to roll out new policies on what she calls the “opportunity economy” during a speech in Pennsylvania, another key battleground state, on Wednesday. Several notable economists threw their weight behind Harris, including University of Michigan economist Justin Wolfers and Claudia Goldin, who won the Nobel Prize last year for tracking women’s labor participation and the evolving wage gap. The endorsement argued that Harris has a “proven track record of economic leadership,” crediting her with efforts as vice president to lower costs, cut taxes and raise wages.

Persons: Kamala Harris, Harris, Donald Trump’s, Brian Deese, Obama, Jason Furman, Bill Daley, Penny Pritzker, Clinton, Robert Reich, Alan Blinder, Donald Trump, ”, Trump, Sean O’Keefe, George W, Justin Wolfers, Claudia Goldin, Marty Walsh, Deval Patrick, Larry Summers, Robert Rubin, Mark Cuban, James Murdoch, he’s, Bill Ackman, Peter Thiel, Tesla, Elon Musk, ” Harris, Jamie Dimon, Dimon, Jeffrey Sonnenfeld, Sonnenfeld Organizations: New, New York CNN, CNN, Federal Reserve, Management, NASA, University of Michigan, House, Labor, Massachusetts Gov, Democratic, JPMorgan Chase, JPMorgan, Wall Street, Trump, Yale, That’s Locations: New York, Georgia, Pennsylvania, United States, America, Dimon

☆ The Pre-Market Rundown 2: September 24, 2024
▼ + stars: | 2024-09-24 | by ( ) www.cnbc.com time to read: 1 min

Organizations: CNBC

“We are the closest we’ve been to spiraling to a regional war” since Hamas’ October 7 attack, one of the officials said. The US assesses that neither Israel nor Hezbollah are interested in a full-scale war, officials said. On Monday, Nasser Kanaani, a spokesman for Iran’s foreign ministry, warned of “dangerous consequences” following Israel’s strikes. Israel has told the US that a full-scale war is not the intent of its strikes, according to an Israeli official. The goal is a diplomatic solution through escalation, the Israeli official said.

Persons: “, Israel, Nasser Kanaani, “ They’ve, Joe Biden’s, ” “, Daniel Hagari, Hagari, ” Hagari, Hassan Nasrallah, Ismail Haniyeh, Masoud Pezeshkian, “ Ismail Haniyeh, ” Pezeshkian, “ Israel Organizations: CNN, Ramat David, State Department, UN, Assembly, Pentagon, General Assembly, Hamas, Israel Defense Forces, Hezbollah Locations: Israel, Lebanon, East, Beirut, Ramat, Haifa, Iran, Tehran, New York, “, Gaza

☆ Take a look inside a $1.1 million 'zero emissions' home
▼ + stars: | 2024-09-24 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Courtesy: Wojciechowski FamilyGreg Iacurci: What does it mean for your home to be considered 'zero emissions'? Not only am I producing solar [energy] and any excess is going back onto the grid, but the power from the grid coming into my home is clean and sustainable. MW: Our utility bills are projected to be about $917 a year with [solar] panels, or around $80 a month. Courtesy: Wojciechowski FamilyCourtesy: Wojciechowski FamilyCourtesy: Wojciechowski FamilyCourtesy: Wojciechowski FamilyCourtesy: Wojciechowski FamilyGI: What do you mean solar offsets it? Solar panels only make sense if you build an energy-efficient home that's really all-electric.

Persons: Morgan Wojciechowski, Casey, Greg Iacurci, That's, It's Organizations: Dominion Locations: It's, Walnut, U.S

☆ Man charged in apparent Trump plot wrote 'This was an assassination attempt,' court filing shows
▼ + stars: | 2024-09-23 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +3 min

The man charged in connection with an apparent assassination attempt against Donald Trump in Florida this month dropped off a box at a person’s home that included a letter that declared, "This was an assassination attempt," a court document revealed Monday. The note came to light in a U.S. District Court filing asking that Ryan Wesley Routh, 58, be held in pre-trial detention. Law enforcement was contacted by a civilian on Sept. 18 who said that Routh had dropped off a box at his residence several months earlier, the filing said. The witness opened the box after learning of the Sept. 15 incident at Trump International Golf Club in West Palm Beach, Florida. The area featured an opening in the bushes behind the palm trees, which is easily accessible from the public sidewalk.

Persons: Donald Trump, Ryan Wesley Routh, Routh, ” Routh, Trump, Nissan Xterra Organizations: Trump International Golf Club, Service, Trump, Trump International, FBI, Nissan, Palm Beach, NBC News Locations: Florida, U.S, West Palm Beach , Florida, Iran, Palm Beach County, Mexico, Greensboro , North Carolina, Palm, Mar, Hawaii, Ukraine

☆ Apple Intelligence will drive sales for iPhone 16. Just wait for it, analyst says.
▼ + stars: | 2024-09-23 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Read previewApple Intelligence didn't come with the latest iPhone 16 drop on September 20, but that won't matter — analysts are confident that it'll still boost iPhone 16 sales throughout the next 12 months as Apple releases the AI-powered features in multiple software updates. "Apple Intelligence is still the big driver," Gil Luria, an Apple analyst for D.A. The analyst compared Apple Intelligence's sales boost potential to the excitement around 5G coverage for iPhone 12 about four years ago. According to the analyst, the difference now is that Apple Intelligence won't come out of the box. Luria, the Apple analyst, told BI that Apple Intelligence won't be a popular feature until people can start using it, comparing it to AI's dominance after ChatGPT was released to the public in 2022.

Persons: —, Gil Luria, Davidson, Chi Kuo, Luria, Dan Ives, Ives, Ron Witt, " Luria, ChatGPT Organizations: Service, Apple, Apple Intelligence, D.A, Business, BofA Global Research, BI, 5G, Wedbush Securities Locations: Cupertino, San Francisco and New York, San Francisco

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