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☆ Gen Z is good business: Alex Cooper's new media company shows the allure of targeting young consumers
▼ + stars: | 2023-06-17 | by ( Alexandra York | ) www.businessinsider.com time to read: +5 min

Gen Z has some $360 billion in global spending power — something brands want to tap into. That's a large chunk of Gen Zers and Zillennials, the subgeneration between millennials and Gen Z. "Signaling to the Gen X crowd, 'Hey, we're a Gen Z media company. You're a company that doesn't know Gen Z and you want to sell to Gen Z. "It's really to attract the corporate partners, the advertisers, and to say 'We're the gateway to the Gen Z audience.'"

Persons: Alex Cooper, Cooper, Matt Kaplan, Z, —, fiancé Matt Kaplan, Kaplan, Gen Z — Cooper, Gen, That's, Jared Watson, University's, Zers, Kitty, Watson, hadn't, we're Organizations: Spotify, Service, Entertainment, Pew Research, University's Stern School of Business, Variety, Media, Gen, Companies Locations: New, millennials, Pennsylvania

☆ China eyes Blinken's visit this week with deep distrust toward the US
▼ + stars: | 2023-06-15 | by ( Nectar Gan | ) edition.cnn.com time to read: +9 min

“The coverage of Blinken’s visit in China is not nearly as extensive or enthusiastic as it has been in the West,” said Yun Sun, director of the China Program at the Stimson Center, a think tank in Washington. (Chinese experts say it was because the US failed to lift sanctions on Li, imposed in 2018 over China’s purchase of Russian weapons.) China cut off talks with US military commanders following former US House Speaker Nancy Pelosi’s visit to Taiwan last August. Zhao said China has adopted “a brinkmanship policy” to highlight the risk of military confrontation to the US. Wang, the expert at Peking University, said Blinken’s long-delayed visit is the “last chance” to repair ties with China before the US election next year.

Persons: Antony Blinken, Washington, Blinken, Qin Gang, State Department –, ”, Yun Sun, “, “ We’re, ” Daniel Kritenbrink, Trump, Wang Yong, Biden, Joe Biden, ” Wang, Tong Zhao, Lloyd Austin, Li Shangfu, Li, Nancy Pelosi’s, Zhao, ” Zhao, ‘, Blinken’s, Janet Yellen, John Kerry, Sun, ” lockdowns, Xi Jinping’s, Xi, Wang Organizations: Hong Kong CNN, China’s, State Department, Biden, China Program, Stimson, State, Peking University, Foreign Ministry, Carnegie Endowment, International, Defense Locations: China, Hong Kong, Beijing, Washington, East Asia, Taiwan, South China

Last week, golf’s premier circuit, the PGA Tour, announced it was partnering with its rival circuit LIV Golf, an upstart league backed by Saudi Arabia, giving the country a powerful new seat at the table of international sports. Alan Blinder, who covers golf for The New York Times, explains what was behind the deal and what it means for the business of sports.

Persons: LIV, Alan Blinder Organizations: PGA Tour, The New York Times Locations: Saudi Arabia

☆ Dreaming of a New Iran
▼ + stars: | 2023-06-14 | by ( Farnaz Fassihi | ) www.nytimes.com time to read: +9 min

Dreaming of a New Iran Diaries from three young womenThe uprising began in September, after a 22-year-old Kurdish woman, Mahsa Amini, died in the custody of Iran’s morality police. To better understand how daily life in Iran has transformed, we asked three young women to keep a diary for five weeks. We are brothers and sisters.”Since November, hundreds of schools across Iran have reported mysterious incidents of poisoning with toxic gas. In the weeks since the three young women chronicled their experiences, the government has engaged in diplomatic outreach to project stability. For many in the country, including Ghazal, Kimia and Parnian, a desire for a better life in a new, free Iran remains.

Persons: Mahsa Amini, “, ”, I’ve, “ moharebe, “ Reza, —, Don’t, wouldn’t, didn’t, crackdowns Organizations: Authorities, Revolutionary, Health Locations: Iran, Tehran, Kurdistan, Kurdish, Islamic Republic, Saudi Arabia, China

☆ A former Samsung exec stole plans for a chipmaking plant in China — then tried to replicate it across town, prosecutors say
▼ + stars: | 2023-06-12 | by ( Associated Press | Will Gendron | ) www.businessinsider.com time to read: +4 min

An ex-Samsung executive has been indicted on charges of stealing company secrets for a chip plant. The 65-year-old man tried to use the stolen plans to build a copycat facility, prosecutors said. The copycat chipmaking plant would have been less than a mile from Samsung's in Xi'an, China. A former Samsung executive stole blueprints and trade secrets from his ex-employer — and then tried to set up a microchip factory in China less than a mile away from Samsung's own, prosecutors said. The technology prosecutors said was stolen by the man's China-based company would have been worth at least $233 million for Samsung.

Persons: —, wasn't, China —, Yonhap, … Organizations: Samsung, Morning, South, AP, Prosecutors, Korean Herald, SK Hynix Locations: Samsung's, Xi'an, China, Korea, South Korean, South Korea, Suwon, Singapore

Alex Stern andLast week, Donald Trump was charged with federal violations relating to his handling of classified material after leaving office. Ben Protess, who covers the government and law enforcement for The Times, discusses the indictment and walks us through the evidence.

Persons: Alex Stern, Donald Trump, Ben Protess Organizations: The Times

☆ At a time when most Americans are living paycheck to paycheck, the 'quiet luxury' trend takes over
▼ + stars: | 2023-06-10 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

Actress Gwyneth Paltrow enters the courtroom for her trial in Park City, Utah, March 24, 2023. Gwyneth Paltrow may have had the last word at the conclusion of her ski accident trial in March, but it was her head-to-toe "old money" look that is still echoing through society today. Also buoyed by the elite world depicted in HBO's "Succession" and Kim Kardashian's monochrome mega mansion, the "quiet luxury" trend has quickly caught on, even though, these days, most Americans are more likely to live paycheck to paycheck. What is quiet luxury? Fortunately, the quiet luxury trend is less about buying the exact item, but rather replicating the look with clothes that fit well, in neutral tones or monochrome, she said.

Persons: Gwyneth Paltrow, Rick Bowmer, Kim, Thomaï Serdari, Serdari, Paltrow, Celine, Prada, Terry Sanderson, there's Organizations: NYU's Stern School of Business, Finance, Afp, Getty, Burberry Locations: Park City , Utah

☆ Wall Street is placing its bets for a big Fed meeting and inflation reports
▼ + stars: | 2023-06-09 | by ( Scott Schnipper | ) www.cnbc.com time to read: +6 min

The betting is also that the latest inflation reading for May that will be reported Tuesday, just as the two-day Fed meeting gets underway, will show additional progress in the fight against higher prices. Those views have helped power a broader stock market rally on Wall Street this month. In fact, the combination of the narrow stock market rally in 2023, until this month at least, plus the low VIX reading, leads Demmert to expect a 10% stock market correction at some point. "The stock market at large is in overbought territory and investors are very complacent, which was the case prior to the past three major declines within this 18-month bear market. Between the June and September meetings, the Fed would get three more inflation and three more payrolls reports.

Persons: Russell, Scott Ladner, Ladner, James Demmert, that's, Demmert, Jerome Powell's, Paul Ashworth, Ashworth, Jerome Powell, John Wiley, CNBC's Hakyung Kim, Michael Bloom, Jeff Cox Organizations: Fed, CME Group, CPI, Horizon Investments, Street Research, Investors, North, Capital Economics, Capital, UBS, Federal, Philadelphia Fed, Adobe, University of Michigan Locations: Charlotte , North Carolina, SPX, downtrends, North America

Traders have priced in a 73% chance of the U.S. central bank holding interest rates at the current 5%-5.25% range during its monetary policy meeting on June 13-14, according to CMEGroup's Fedwatch tool. "Today's data in terms of higher claims shows that the Fed policy is having a clear effect," said David Russell, vice president of Market Intelligence at TradeStation. The CBOE Volatility index (.VIX), also known as Wall Street's fear gauge, dropped to a fresh pre-pandemic low of 13.73. The U.S. Labor Department is due to release inflation data on June 13, the first day of the Fed meeting. The S&P index recorded six new 52-week highs and two new lows, while the Nasdaq recorded 38 new highs and 29 new lows.

Persons: David Russell, Wells, Ryan Cohen, Piper Sandler, Zhu Jiang, Sruthi Shankar, Shristi, Vinay Dwivedi Organizations: GameStop, Dow, Nasdaq, Treasury, Traders, Market Intelligence, Fed, Nvidia Corp, Apple Inc, Tesla Inc, GameStop Corp, U.S . Labor Department, Bank of Canada, BoC, Dow Jones, Adobe, Lucid, NYSE, Thomson Locations: Wells, U.S, Wells Fargo, China, Bengaluru

☆ Florida Turns Right, Minnesota Turns Left
▼ + stars: | 2023-06-07 | by ( William A. Galston | ) www.wsj.com time to read: +1 min

William A. Galston writes the weekly Politics & Ideas column in the Wall Street Journal. He holds the Ezra K. Zilkha Chair in the Brookings Institution’s Governance Studies Program, where he serves as a senior fellow. A participant in six presidential campaigns, he served from 1993 to 1995 as Deputy Assistant to President Clinton for Domestic Policy. Mr. Galston is the author of 10 books and more than 100 articles in the fields of political theory, public policy, and American politics. A winner of the American Political Science Association’s Hubert H. Humphrey Award, he was elected a Fellow of the American Academy of Arts and Sciences in 2004.

Persons: William A, Galston, Ezra K, Saul Stern, Dean, Clinton, Association’s Hubert H, Humphrey Organizations: Street, Zilkha, Brookings Institution’s, Brookings, School of Public Policy, University of Maryland, Institute for Philosophy, Center for Information, Research, Civic, National Commission, Domestic, Liberal Pluralism, Public, Rowman & Littlefield, Liberal Democracy, Yale, American, American Academy of Arts and Sciences Locations: Brookings

☆ Fact Check-Fake Courrier International cover depicts Ukrainian forces crossing Styx
▼ + stars: | 2023-06-07 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

An image of a fabricated Courrier International magazine cover circulating online does not appear in the French outlet’s online archive of authentic covers and Courrier International took to Twitter to confirm that it is fake. “Cutting satire from the French magazine Courrier International showing Ukrainian forces on their ‘counter attack’ on the river Styx. However, there is no record of such a cover in the Courrier International online archive (here). On May 26, Courrier International tweeted in response to a user sharing the fabricated cover, “This cover is fake and was not published by Courrier international. The Courrier International cover depicting Ukrainian forces crossing the River Styx is fabricated and it does not appear in the outlet’s online archive of authentic covers.

Persons: Read Organizations: Courrier, Twitter, Ukrainian, Reuters

☆ Apple didn't let the media take photos or videos when trying the $3,499 Vision Pro headset – and journalists could only test the tech in a private room
▼ + stars: | 2023-06-07 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Apple's $3,499 Vision Pro headset was the main focus of its Monday event. The Apple Vision Pro headset was the biggest announcement at its Worldwide Developers Conference on Monday, but there's nothing beyond official ads that show people actually using the $3,499 device. If you want to see the Vision Pro in use, you'll have to wait a bit longer to see anything that isn't curated by the people selling it. Apple execs also declined to speak on the record about the headset, Wired reported. Despite this, the Vision Pro is getting pretty good reviews, and you'd hope so given its huge price tag.

Persons: Tim Cook, Mark Gurman, Cook hadn't, Mark Zuckerberg, Zoe Kleinman, Joanna Stern, Marques Brownlee —, Apple execs Organizations: Apple, Worldwide, Bloomberg, Twitter, Vision, Wall Street Journal, Wired, Vision Pro

☆ Apple's absurd price tag for the Vision Pro is part of a brilliant and proven strategy
▼ + stars: | 2023-06-07 | by ( Nicholas Carlson | ) www.businessinsider.com time to read: +4 min

Apple Vision Pro costs almost $4,000 after tax. At 7x more than the Quest 3, the Vision Pro should be far more powerful and capable – and of course, it is. Price skimming is a strategy where a company sets the initial price of a product very high, then gradually lowers it over time. It keeps profits high throughout a product's lifecycle: By pricing products high at launch, Apple maximizes its profits from these early sales. Given these red marks WSJ gadget reviewer Joanna Stern walked away with after using Apple Vision Pro for just 20 minutes, I remain skeptical…

Persons: Matthew Ball, Apple, Apple's, Tesla, Joanna Stern, … Organizations: Apple Vision, Apple Silicon, Apple

☆ Wearing Apple's Vision Pro for 30 minutes put a big red mark on the forehead of WSJ's gadget reviewer
▼ + stars: | 2023-06-07 | by ( Nicholas Carlson | ) www.businessinsider.com time to read: +4 min

Wall Street Journal gadget reviewer Joanna Stern got to try out Apple's new Vision Pro. Stern's video then zooms in, the contrast and lighting shifts, and you see this…WSJ tech reviewer's forehead looks red after she wore an Apple Vision Pro WSJ/Joanna Stern/YouTubeYikes! Apple told Stern any discomfort she encountered after wearing Vision Pro goggles may have been because it only had limited-sized "light seals" at the demonstration space. Apple's Vision Pro is constructed of aluminum alloy and a snazzy single piece of exterior glass, which is why it looks so much nicer than the competition. Apple's new Vision Pro headset was announced on Monday at the company's WWDC conference.

Persons: Joanna Stern, Stern, Apple, Ben Gilbert, Apple It's Organizations: Wall, Apple Vision, Apple

☆ Apple Vision Pro: I Tried the New Mixed-Reality Headset
▼ + stars: | 2023-06-06 | by ( Joanna Stern | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/apple-vision-pro-i-tried-the-new-mixed-reality-headset-f49a8811

Persons: Dow Jones

☆ WSJ's Joanna Stern on Apple Vision Pro demo: 'By far' the best augmented reality headset out there
▼ + stars: | 2023-06-06 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWSJ's Joanna Stern on Apple Vision Pro demo: 'By far' the best augmented reality headset out thereJoanna Stern, The Wall Street Journal senior personal technology columnist, joins 'Squawk Box' to discuss Apple's launch of the Vision Pro, the company's new mixed reality headset.

Persons: Joanna Stern Organizations: Apple Vision, Street, Vision

☆ Ark Invest's flagship fund sold Nvidia before its big rally. Here's why
▼ + stars: | 2023-06-06 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

However, Ark Invest's flagship Ark Innovation ETF (ARKK) exited its position in Nvidia entirely in early January —before the chipmaker enjoyed a powerful rally that propelled it to a $1 trillion market capitalization. We saw this potential for deep learning and enjoyed a lot of that ride," said Frank Downing, a research director at Ark Invest. The growth of the industry and the urgent need for powerful AI hardware has led to an increase in the number of companies entering the market. Ark Invest hasn't been alone in trimming an Nvidia stake. However, despite exiting a portion of their Nvidia positions, both Ark Invest and Damodaran maintain a favorable outlook for the company.

Persons: Ark, —, We've, Frank Downing, Downing, CNBC's, we've, Aswath, University's Organizations: Tech, Nvidia, AI, Innovation, Ark Invest, ARK Autonomous Tech, Robotics, Google, Amazon, AWS, AMD, Intel, University's Stern School of Business, NYU's Stern School of Business, Ark, Damodaran Locations: New

☆ Charlie Javice, the founder of student loan assistance company Frank, appears in court over allegations she bought or invented email addresses to claim millions of users
▼ + stars: | 2023-06-06 | by ( ) www.businessinsider.com time to read: +4 min

Javice is accused of inflating the number Frank's users before she sold it to JPMorgan Chase. The charges represented a significant fall for one of the much-lauded young fintech founders. But within a year of selling Frank to JPMorgan Chase, the bank cried foul, claiming that the number of users had been wildly inflated. The complaint alleges that Javice bought names and email addresses from third parties and then represented them as Frank customers. Fergenson explained that Javice had made JPMorgan Chase, "believe that Frank had been an extremely successful start up."

Persons: Charlie Javice, Frank, Javice, JPMorgan Chase, Jarvis, Micah F, Fergenson, octogenarian, Alvin K, Morgan Chase, Judge Hellerstein, Alex Spiro Organizations: JPMorgan, Manhattan, Frank's, Forbes, U.S, Southern, of, Securities and Exchange Commission Locations: of New York

☆ People who were whisked away in golf carts to try out Apple's $3,500 headset are calling it 'magic' that is 'still searching for a purpose'
▼ + stars: | 2023-06-06 | by ( Grace Mayer | ) www.businessinsider.com time to read: +5 min

Following the announcement of Apple's Vision Pro headset at its annual Worldwide Developers Conference, some attendees were whisked away in golf carts to a location on the company's campus to try out the new headset. Many noted the device's display screens were impressive (each have a more-than 4K resolution) and its hand-eye scrolling and tapping functions were responsive and worked mostly smoothly. YouTuber Brownlee said the most impressive thing about the headset was the device's internal eye-tracking technology, calling the experience "telepathic." The Verge's Patel was impressed by the device's display, which he said was "easily the highest-resolution VR display I have ever seen," and its "video passthrough" technology — the device's display adjusting to show a person who is talking to you in-person or your surroundings. "The most perfect headset demo reel of all time is still just a headset demo reel — whether Apple's famed developer community can generate a killer app for the Vision Pro is still up in the air," The Verge's Patel wrote.

Persons: YouTuber Marques Brownlee, Nilay Patel, —, YouTuber Brownlee, Brownlee, I've, Patel, Robin Roberts, Roberts, Joanna Stern, Stern Organizations: Apple, Developers, Apple's, Developers Conference, Vision

☆ 10 Things in Tech: Hello, Apple Vision Pro
▼ + stars: | 2023-06-06 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +5 min

The Nerd Helmet, as coined by The Wall Street Journal's Joanna Stern, has arrived! Apple on Monday unveiled its first hardware release in almost a decade: The $3,499 Vision Pro mixed-reality headset. But while Meta has aimed to make VR/AR affordable for the masses, with limited success, Apple is squarely aiming the Vision Pro at early adopters and developers. Apple's Vision Pro headset has an exterior "EyeSight" display to make your eyes visible to others around you. Say hello to the Vision Pro.

Persons: Lara O'Reilly, Joanna Stern, Apple, Let's, Tim Cook, Bob Iger, Elizabeth Holmes, Justin Sullivan, Linda Yaccarino, Elon Musk, Sam Altman, Altman, OpenAI, Binance, Changpeng Zhao, Bernstein, Hollywood's, Roy Rochlin, Craig Federghi, Jack Sommers Organizations: Apple, Meta, Apple's Worldwide, Conference, Vision, Getty, Twitter, Venture, Sequoia, US Securities and Exchange Commission, Alliance, Producers, Hollywood, New York Stock Exchange, Wall, nab, Wall Street Locations: London, ChatGPT

☆ Apple Vision Pro Headset First Look: Impressive, Immersive and Heavy
▼ + stars: | 2023-06-06 | by ( Joanna Stern | ) www.wsj.com time to read: 1 min

S2 E26Will the Apple Headset Blow Up? The iPhone, iPod, Apple Watch Give Us Clues Apple is expected to announce a mixed-reality headset in 2023. When the company released the iPod and Apple Watch those markets ballooned. WSJ’s Joanna Stern looks back and explains by inflating giant balloons. Photo illustration: Annie Zhao for The Wall Street Journal

Persons: Joanna Stern, Annie Zhao Organizations: Apple, Wall Street

☆ Apple Vision Pro demo roundup: Here’s what everyone is saying
▼ + stars: | 2023-06-06 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Apple let some people try out its new Vision Pro mixed-reality headset. The Vision Pro will allow users to see apps in a new way, in the spaces around them. The Wall Street Journal's Joanna Stern said the Vision Pro was intuitive to use, has the "fit and finish" of an Apple gadget, and is more comfortable than Meta Quest Pro or Quest 2. Stern said Apple showed her a number of different demos, and she said she thinks the most valuable initial uses for the Vision Pro will be for watching movies and working. 9to5Mac's Chance Miller said that it was easy to get the Vision Pro to feel "snug" and that it was generally pretty comfortable.

Persons: Joanna Stern, It's, Stern, Apple, 9to5Mac's Chance Miller, Miller Organizations: Apple, Worldwide Developers, Apple Watch, Microsoft, Meta Quest, Vision

The initial reviews were mixed and skeptics questioned whether even Apple could make virtual reality anything more than a niche technology. But boosters say that if any company can make it mainstream, it’s Apple with its ecosystem of two billion iPhone, iPad and Mac users. “We believe Apple Vision Pro is a revolutionary product,” Tim Cook told developers and journalists on Monday. It certainly looks like an Apple product: Unlike other virtual reality headsets, an external display shows your eyes to others, and the device is controlled using hand gestures, eye movements and your voice. “The most perfect headset demo reel of all time is still just a headset demo reel,” wrote Nilay Patel of The Verge.

Persons: Tim Cook, ”, Joanna Stern, I’ve, Marques Brownlee, “, Nilay Patel, lockdowns Organizations: Apple, Apple Vision, The, Street, Investors

☆ Apple Vision Pro: What to Know About the Mixed-Reality Headset
▼ + stars: | 2023-06-05 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

Persons: Joanna Stern, Annie Zhao Organizations: Apple, Wall Street

☆ I'm EY's global chairman and CEO. Here are the 3 most important lessons I've learned through my career.
▼ + stars: | 2023-06-03 | by ( Carmine Di Sibio | ) www.businessinsider.com time to read: +8 min

It's also when business graduates think about the positive impact they would like to make on the working world. Here are three lessons that are never too late for anyone to put into practice no matter where you are in your career. By day, I worked at Arthur Young — one of predecessor member firms of the EY organization. Recently the EY organization decided not to move forward with Project Everest. The views reflected in this article are the views of the author and do not necessarily reflect the views of the global EY organization or its member firms.

Persons: Carmine Di Sibio, Di Sibio, —, It's, EY, I've, Arthur Young —, we've, you'll Organizations: Service, NYU Stern, Technology, NYU, Microsoft, World

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