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☆ Sports streaming venture Venu priced at $42.99 a month
▼ + stars: | 2024-08-01 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

Venu Sports, the sports streaming joint venture between Disney's ESPN, Warner Bros. The high-end pricing — common in direct-to-consumer sports streaming services — was expected in part so it wouldn't shake up any carriage agreements with traditional pay TV distributors. Live sports remain the highest rated TV programming and are the most costly part of the pay TV bundle. Users who sign up for Venu at $42.99 a month will have access to that entry pricing for 12 months, Venu noted Thursday — signaling there could be price increases ahead. The upcoming bundle will be priced at $16.99 a month with ads, and $29.99 a month ad-free.

Persons: Venu Sports, Venu, Pete Distad, Distad Organizations: NFL, ESPN, Chicago Bears, Minnesota Vikings, Soldier, Disney's ESPN, Warner Bros . Discovery, Fox Corp, Venu Sports, Fox, Sunday NFL, Monday, Football, CNBC, Apple, Hulu, NBA, NHL, MLB, ABC, TNT, TBS, Disney, Warner Bros, Max Locations: Chicago, U.S

☆ It turns out that bad news for the economy may actually be bad news for the stock market
▼ + stars: | 2024-08-01 | by ( John Melloy | ) www.cnbc.com time to read: +3 min

There was a perverse view this year that bad economic news was actually good news for the stock market, as the heat coming off the economy would give the Federal Reserve the greenlight to cut interest rates. This made some sense with inflation for the first time in a while becoming the primary market bogeyman over a slowing economy. Announced layoffs last month were the highest for any July in more than two decades, outplacement firm Challenger, Gray & Christmas reported. Investors got what they thought they wanted, with the 10-year Treasury yield breaking below 4% for the first time since February. Even tech stocks found themselves in the red as they too, may be hurt more by a slowing economy, than their valuations are boosted by lower rates.

Persons: Jerome Powell, Chris Rupkey, Adam Crisafulli, Dow Jones, Yun Li, Jeff Cox Organizations: Federal Reserve, Institute for Supply Management, Investors, Dow Jones, Dow, JPMorgan Chase, Caterpillar, Vital Knowledge Locations: U.S

☆ Apple's earnings beat puts it on sure footing ahead of next month's AI iPhone launch
▼ + stars: | 2024-08-01 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

However, the expected AI-driven boom in new iPhone sales does represent a clear positive catalyst on the near-term horizon. Products iPhone sales were down slightly in the quarter. Services All-time revenue record, with an all-time record set in developed markets and a June quarter record set in emerging markets. Services are expected to grow at a double-digit rate similar to the rate seen in Apple's fiscal 2024 first quarter. A person poses holding the original iPhone and the new iPhone 15 outside the Fifth Avenue Apple Store in New York City ahead of the launch of Apple’s new iPhone 15, Sept. 22, 2023.

Persons: Apple, iPhones, Tim Cook, we're, Luca Maestri, AirPods, Maestri, Cook, Jim Cramer's, Jim Cramer, Jim, Alexi Rosenfeld Organizations: Apple, Apple Intelligence, . Research, MacBook Air, iPad, Apple Watch, Services, CNBC, Getty Locations: Greater China, China, Spain, Poland, Mexico, Indonesia, Philippines, New York City

☆ Stitch by Stitch, Pacita Abad Crossed Continents and Cultures
▼ + stars: | 2024-08-01 | by ( Andrew Russeth | ) www.nytimes.com time to read: +1 min

However, in New York, where Abad lived briefly in the 1970s, while studying painting at the Art Students League, her work has been scarce. The Museum of Modern Art owns nothing by her, and the Metropolitan Museum of Art just acquired its first piece. During her life, she proposed shows to U.S. museums and received around 100 rejection letters, her family has said. MoMA PS1 is hosting the first retrospective dedicated to Abad, which was organized by Victoria Sung at the Walker Art Center in Minneapolis, where it ran last year. It consists of more than 50 works, and while it should be two or four times larger — she was protean and prolific — it is still thrilling.

Persons: Pacita Abad, Abad, Victoria Sung Organizations: Art Students League, Modern Art, Metropolitan Museum of Art, Walker Art Center Locations: Singapore, Asia, Manila, New York, Minneapolis

☆ Families of 9/11 Victims React to News of Accused Plotters’ Plea Deal
▼ + stars: | 2024-08-01 | by ( John Leland | Claire Fahy | ) www.nytimes.com time to read: +1 min

One day after federal prosecutors announced that they had struck a plea deal with three men accused of plotting the Sept. 11, 2001, attacks, New Yorkers and family members of victims had mixed reactions to the sudden news. Under the agreement, the three men — including Khalid Shaikh Mohammed, the accused mastermind — will serve life in prison but avoid a death-penalty trial. “If Khalid Shaikh Mohammed doesn’t deserve the death penalty, who does?” said Don Arias, a retired Air Force lieutenant colonel, whose brother Adam was killed in the World Trade Center. From his home in Florida, Mr. Arias, 67, remembered days of searching for his brother before his remains were identified. Mr. Arias was upset about the plea deal, and especially about the sense that people seemed to have lost interest in an act of terrorism that claimed nearly 3,000 lives and shattered Americans’ sense of security.

Persons: Khalid Shaikh Mohammed, —, Khalid Shaikh Mohammed doesn’t, ”, Don Arias, Adam, Arias, “ Organizations: Air Force, World Trade Locations: Yorkers, Florida

☆ Bitcoin is riding a wave of optimism into a historically quiet trading month. Here's what to expect
▼ + stars: | 2024-08-01 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Investors have several reasons to be optimistic toward bitcoin even as it enters one of the sleepiest trading months of the year. It has finished seven of the past 11 Augusts in the red, generating an average 2.69% return for the month, according to CoinGlass, largely due to a more than 65% gain in August 2017. "It's very likely that's going to continue playing a part here" in the month ahead, Duong said. Pandl at Grayscale is upbeat on the prospect of bitcoin reaching another all-time high sometime this year, and ether retesting $4,000. "Equity markets have wobbled but, so far, bitcoin has performed well, trading more like a hedge against dollar weakness," Pandl said.

Persons: cryptocurrency, bitcoin, David Duong, Duong, Vance, Zach Pandl, Pandl, Donald Trump's, Sen, Cynthia Lummis, Alex Miller, Hiro, Bitcoin Organizations: Metrics, Trump, bitcoin, Republican, Equity Locations: U.S, Nashville, bitcoin, Coinbase, Mt

☆ Meta set to report second-quarter earnings after the bell
▼ + stars: | 2024-07-31 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +4 min

Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. Meta is slated to report second-quarter earnings on Wednesday after the close of regular trading. Meta's ad revenue is projected to show an increase of 19% to $37.6 billion, according to StreetAccount. Heading into Meta's report on Wednesday, the digital ad market has shown some signs of weakness. Alphabet reported lower-than-expected ad revenue out of YouTube last week, and on Tuesday, Pinterest issued disappointing third-quarter guidance, leading to a 15% plunge in the stock after hours.

Persons: Mark Zuckerberg, LSEG, Meta, Zuckerberg, Emily Chang, Sundar Pichai, Pichai, Pinterest, Julia Brau Donnelly Organizations: Meta, Google, YouTube, Labs, Revenue, Quest VR, Microsoft Locations: Menlo Park , California

☆ What to Watch as the Fed Meets on Wednesday
▼ + stars: | 2024-07-31 | by ( Jeanna Smialek | ) www.nytimes.com time to read: +1 min

Economists and traders widely expect Fed officials to cut their policy rate at their next meeting, in September. Wall Street will closely watch for any hints about the future in both the Fed’s statement at 2 p.m. and a subsequent news conference with Jerome H. Powell, the chair of the central bank. And Mr. Powell is sure to face questions about how officials are thinking about the potential for moves after that. Watch the Fed’s statement for changes. The Fed’s statement, a slowly changing document that officials release after each two-day meeting, currently states that Fed policymakers expect to hold rates steady until they have “gained greater confidence that inflation is moving sustainably” down.

Persons: Jerome H, Powell Organizations: Federal

☆ ‘20th Hijacker’ Is Denied Transfer From Federal Supermax to French Prison
▼ + stars: | 2024-07-31 | by ( Carol Rosenberg | ) www.nytimes.com time to read: +1 min

The Justice Department has denied a request by Zacarias Moussaoui, the only prisoner ever convicted in the United States of having ties to the Sept. 11, 2001, attacks, to serve the remainder of his life sentence in his native France. Mr. Moussaoui had made the application from the supermax prison in Colorado, using a process that is routinely available to foreign nationals held as U.S. prisoners. Then on Wednesday afternoon, two relatives of people killed in the attacks said they were notified by the Justice Department that the request was denied. “Our office appreciates your concerns and comments regarding Zacarias Moussaoui,” the email said. “I am notifying you that Mr. Moussaoui’s application to transfer to France was denied by the United States on July 26, 2024.”No explanation was offered for the delay in notification.

Persons: Zacarias Moussaoui, Moussaoui, Zacarias, “, Marco Rubio, Rick Scott, Biden, General Merrick B, Garland Organizations: Justice Department Locations: United States, France, Colorado, Florida

☆ If Fed cuts rates in Sept., they will be under enormous pressure to cut again, says Vincent Reinhart
▼ + stars: | 2024-07-31 | 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 EmailIf Fed cuts rates in Sept., they will be under enormous pressure to cut again, says Vincent ReinhartVincent Reinhart, Dreyfus and Mellon chief economist, joins 'Money Movers' to discuss expectations for the upcoming FOMC meeting.

Persons: Vincent Reinhart Vincent Reinhart, Dreyfus Organizations: Mellon

☆ 9/11 mastermind Khalid Sheikh Mohammad, 2 others charged in terror plot reach plea deals
▼ + stars: | 2024-07-31 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

In a file photo Khalid Sheikh Mohammed, the alleged Sept. 11 mastermind, is seen shortly after his capture during a raid in Pakistan Saturday March 1, 2003, in this photo obtained by the Associated Press. Accused 9/11 mastermind Khalid Sheikh Mohammad and two other men charged with plotting the Sept. 11, 2001, terror attacks by al-Qaeda have agreed to plead guilty in the military commissions process, the Pentagon said Wednesday. The terms of the plea deals for the three men, who have been in custody since 2003, were not released, but they are expected to plead guilty to some charges, and potentially avoid death sentences as a result. The Office of Military Commission said that the defendants will enter their pleas as early as next week at the U.S. military base at Guantanamo Bay, Cuba. In addition to Mohammed, the other men expected to plead guilty are Walid Muhammad Salih Mubarak Bin 'Attash, and Mustafa Ahmed Adam al Hawsawi.

Persons: Khalid Sheikh Mohammed, Khalid Sheikh Mohammad, Mohammed, Walid Muhammad Salih Mubarak Bin, Mustafa Ahmed Adam al Hawsawi, Aaron Rugh Organizations: Associated Press, Pentagon, Military Commission, New York Times Locations: Pakistan, Guantanamo Bay, Cuba

☆ Meta shows aggressive spending on AI is already paying off in big earnings beat
▼ + stars: | 2024-07-31 | by ( Jim Cramer | ) www.cnbc.com time to read: +7 min

While there are still concerns about the company's aggressive AI spending, we believe these investments will pay off in the long run. Both trends were cited as the main drivers behind Meta's revenue outperformance in the quarter. Zuckerberg added that AI is opening the door to new experiences and opportunities, especially with Meta AI, which is powered by the company's large language model that is often referred to as Llama. Zuckerberg said he believes Meta AI will be the most used AI assistant in the world by year end. Management now sees capex in the range of $37 billion to $40 billion, up from its prior range of $35 billion to $40 billion.

Persons: China's ByteDance, — Zuckerberg, Zuckerberg, we'll, Ray, Jim Cramer's, Jim Cramer, Jim, Mark Zuckerberg Organizations: Revenue, LSEG, China's, Meta, Investment, Facebook, Realty Labs, VR, Management, CNBC, Press, AFP, Getty Locations: United States, U.S, Tokyo

☆ Accused Sept. 11 Plotters Agree to Plead Guilty at Guantánamo Bay
▼ + stars: | 2024-07-31 | by ( Carol Rosenberg | ) www.nytimes.com time to read: +1 min

The man accused of plotting the attacks of Sept. 11 and two of his accomplices have agreed to plead guilty to conspiracy charges in exchange for a life sentence rather than a death-penalty trial at Guantánamo Bay, Cuba, prosecutors said Wednesday. A senior Pentagon official approved the deal for Khalid Shaikh Mohammed, Walid bin Attash and Mustafa al-Hawsawi, according to Defense Department officials with knowledge of the agreement. The men have been in U.S. custody since 2003. But the case had become mired in more than a decade of pretrial proceedings that focused on the question of whether their torture in secret C.I.A. Word of the deal emerged in a letter from war court prosecutors to family members of victims of the attacks on Sept. 11, 2001.

Persons: Khalid Shaikh Mohammed, Walid bin Attash, Mustafa al, ”, Aaron C Organizations: Pentagon, Defense, “ Locations: Guantánamo Bay, Cuba

☆ Here's everything you need to know about the Fed decision coming Wednesday
▼ + stars: | 2024-07-30 | by ( Jeff Cox | ) www.cnbc.com time to read: +6 min

Market pricing currently indicates an absolute certainty that the Fed will approve its first reduction in more than four years — when it meets Sept. 17-18. They don't want investors to start pricing in a rate cut coming in September and there's literally nothing else that could possibly happen," he said. "Opening the door for that rate cut is probably the most appropriate thing for them at this point," Reynolds added. Expectations for easingGlenmede expects that starting in September, the Fed could cut at each of the three remaining meetings. The Fed will not provide an update on its quarterly summary of economic projections at this meeting.

Persons: Jerome Powell, Chris Kleponis, they've, Michael Reynolds, Reynolds, there's, it'll, Powell, Goldman Sachs, David Mericle, Mericle, Bill English, We've Organizations: Banking, Housing, Urban, Capitol, AFP, Getty, Glenmede, Fed Locations: Washington ,, Yale, Jackson Hole , Wyoming

☆ Bella Hadid 'shocked' at 'lack of sensitivity' in Adidas ad campaign linked to 1972 Munich Olympics
▼ + stars: | 2024-07-30 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

Model Bella Hadid issued a statement after starring in a controversial Adidas campaign that the sportswear company said had an "unintentional" connection to a bloody terrorist attack. The ad campaign for Adidas' new retro trainers, called the SL72s, was a nod to the 1972 Munich Olympics. Released earlier in July, the advertisement featured Hadid holding a bouquet of flowers while wearing the shoes, which originally debuted in 1972 for the Munich Olympics. Hadid said she was not aware of the connection to the historical events of the 1972 Munich Olympics, and that she would not have taken part in the campaign had she known. "Adidas should have known and I should have done more research so that I too would have known and understood, and spoken up."

Persons: Bella Hadid, Model Bella Hadid, Hadid Organizations: Cannes, Palais des Festivals, Adidas, Munich, Dior Locations: Cannes, France, U.S, Munich's, Palestinian, Gaza

Republican presidential nominee Donald Trump said Monday that while he "probably" will debate Vice President Kamala Harris, he "could also make a case" for avoiding a face-to-face confrontation with his likely Democratic opponent. Before that debate, Trump had repeatedly challenged Biden to face him "anytime, anywhere, anyplace." But when asked about debating Harris, he struck a different tone. "We'll see if Trump shows," Harris campaign spokesman Michael Tyler said in a statement. While Trump told reporters last week he would be willing to debate Harris "multiple times," he also said that he was "not thrilled about ABC."

Persons: Kamala Harris, Donald Trump, Trump, Harris, Joe Biden, —, Biden, I've, Fox, Laura Ingraham, Ingraham, Michael Tyler, Tyler, Let's, They're, Kamala, Steven Cheung Organizations: Democratic, West Allis Central High School, Republican, Fox News, Trump, GOP, ABC, Team Trump, Democrat Party Locations: Milwaukee , Wisconsin

☆ Fed will feel confidence by Sept. meeting to start first rate cut, says Barclays' Marc Giannoni
▼ + stars: | 2024-07-29 | 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 EmailFed will feel confidence by Sept. meeting to start first rate cut, says Barclays' Marc GiannoniMarc Giannoni, Barclays chief U.S. economist, joins 'Squawk on the Street' to discuss his projections on the Fed's next rate cuts for the remaining 2024 calendar year.

Persons: Marc Giannoni Marc Giannoni Organizations: Barclays

☆ China's industrial profits post faster gains in June despite faltering economy
▼ + stars: | 2024-07-27 | by ( ) www.cnbc.com time to read: +2 min

China's industrial profits grew at a faster clip in June, official data showed on Saturday, even as businesses were grappling with a downshift in consumers' sentiment amid a shaky economic recovery. A 3.6% year-on-year rise in profits last month followed a 0.7% gain in May, while first-half earnings were up 3.5%, accelerating from a 3.4% increase in the January-May period, National Bureau of Statistics (NBS) data showed. Roughly half of more than 10 mainland-listed alcoholic beverage firms that had released forecasts for H1 earnings expected a loss-making first half. State-owned firms reported profits up 0.3% in the first half, foreign firms recorded an 11% gain, while private-sector companies booked a 6.8% rise, according to a breakdown of the NBS data. Industrial profit numbers cover firms with annual revenues of at least 20 million yuan ($2.75 million) from their main operations.

Organizations: National Bureau of Statistics, Nvidia Locations: Lujiazui, Shanghai, China, Suzhou

☆ RIMPAC: US Air Force B-2 bomber used in exercise to sink surface ship with low-cost bomb
▼ + stars: | 2024-07-27 | by ( Brad Lendon | ) edition.cnn.com time to read: +9 min

Earlier this month, the US and allies practiced taking out a large surface ship with long-range weapons, including, for the first time, a US Air Force B-2 bomber. It showed the US military can use one of its most survivable weapons platforms, the B-2 Spirit stealth bomber, to sink a major surface ship with a low-cost guided bomb. The Air Force says its stealthy characteristics allow it to penetrate heavily defended areas and also fly with a small chance of being detected by radar at high altitudes. Mating it up with relatively cheap and demonstrably effective precision-guided bombs with warheads of up to 2,000 pounds could give the Air Force bombers the “anti-ship lethality” of a submarine-launched torpedo without the liabilities of a submarine, according to a US Air Force website. The Air Force first tested QUICKSINK in 2022, when an F-15 fighter jet released a GBU-31 Joint Direct Attack Munition (JDAM) that destroyed a full-scale surface target in the Gulf of Mexico, according to an Air Force statement.

Persons: ”, Seleena Muhammad, QUICKSINK, Carl Schuster, ” Schuster, Jon Husman, Alessio Patalano, Mark Hammond, Australia’s, “, LSIS Daniel Goodman, USS Fitzgerald, John Wade, RIMPAC, John Bradford, ” Bradford, Zhongping Organizations: South Korea CNN, US Air Force, US, Air Force, Munitions, Royal Air Force, U.S . Air Force, Navy, Air Force Research, Liberation Army Navy, PLAN, US Pacific Command Joint Intelligence Center, U.S . Navy, King’s College, US Navy, Ship, 3rd Fleet, Royal Australian Navy, Naval, Australia, Royal Australian, Kongsberg Defence & Aerospace, US Navy destroyer, US Marine Corps, Task Force, Foreign Relations International Affairs, Times, PLA Navy, Global Times, ” Global Times Locations: Seoul, South Korea, Kauai, China, Tarawa, England, U.S, Gulf of Mexico, Pacific, Taiwan, Philippines, Japan, London, Oahu, Hawaii, Norwegian, USS Dubuque, ‘, Malaysia, Netherlands, China China, Asia, Taiwan Strait, South China

☆ It’s Shark Season. How Worried Should You Be?
▼ + stars: | 2024-07-26 | by ( Erik Vance | ) www.nytimes.com time to read: +19 min

California has very few shark attacks — just two recorded in 2023, fewer than New York and the Carolinas. The eastern coast from Virginia to New York doesn’t see many shark attacks, despite having many popular beach towns. Long Island in New York is, roughly speaking, the northern border of the bull and tiger shark ranges. Tiger Shark A 3D illustration of a Tiger Shark. Kentucky managed to rack up 12 shark attacks in 2006 after the aquarium in Newport opened a shark petting exhibit.

Persons: Meg ”, “, —, You've, Read, Long, Louis, Napoleon, manhandling You've, snorkelers, snorkelers ’, Bob, you’re Organizations: Florida Museum, New York Times, America . California Carolinas, Georgia Florida Gulf, Alaska You've, Daytona, Bull Sharks, Tiger Sharks, Sharks, Nurse Sharks Locations: United States, Hawaii, Washington State, America . California, Georgia Florida, Georgia Florida Gulf Coast Hawaii, States New, Pacific Northwest, Alaska, California, New York, Carolinas, Los Angeles, San Diego, Georgia, South Carolina, Florida, North Carolina, Cape, Volusia County, Gulf, Coast of Texas , Louisiana , Mississippi, Alabama, Texas . Galveston , Texas, Maui, States, Virginia, New England, Cape Cod, Massachusetts, Maine, Northwest, Oregon, Washington, Mississippi, of Mexico, Kentucky, Newport, St, Fla

☆ Will the Seine be ready for Olympic swimming? With dry weather and a little luck
▼ + stars: | 2024-07-26 | by ( David Aldridge | ) www.nytimes.com time to read: +12 min

Being a veteran world-class swimmer — and cyclist, and runner — Taylor Spivey has dealt with worse than Paris’ River Seine. (Bertrand Guay / AFP via Getty Images)Standards for water quality differ in Europe than in the United States. “And that can be associated, on one hand, with the clement weather, dry weather. A month ago, we, basically, we hadn’t had yet a single day where the water quality had been acceptable for the whole year. Right now, probably, today, I would go swim.”GO DEEPER Team USA has owned the Olympic swimming pool — is that about to change in Paris?

Persons: —, — Taylor Spivey, “ I’ve, Spivey, She’s, she’s, ”, “, It’s, there’s, Taylor Spivey, Bertrand Guay, Anne Hidalgo, Victoria, Hans Lucas, we’ve, Dan Angelescu, ” Angelescu, clement, ” Spivey, Angelescu, wouldn’t, hadn’t, Dan Goldfarb, Sina Organizations: Athletic, United, Super, USA Lifesaving International, U.S, Tokyo Olympic, Games, Olympic, Getty, Paris, Eau de Paris, Olympians, Boston, New, Canadian Broadcasting Corporation, USA Locations: Paris, United States, Los Angeles, Tokyo, Seine, American, swimmable, —, AFP, Europe, U.S, Austerlitz, Victoria Valdivia, Philadelphia, Chicago, New York City, ”

☆ 130 Years After Sinking, Ship is Found on the Bottom of Lake Michigan
▼ + stars: | 2024-07-26 | by ( Sara Ruberg | ) www.nytimes.com time to read: 1 min

Early on Sept. 30, 1893, the Margaret A. Muir schooner, carrying cargo of bulk salt, cleared the narrow Straits of Mackinac on its way down Lake Michigan toward Chicago’s port. As the crew rounded Michigan and steered south, the ship encountered relentless 50-mile-an-hour winds. Captain David Clow and his crew of six barely made it out alive, steering a lifeboat through high waves to the Wisconsin shore. In his grief, Captain Clow, who was 71 years old and had survived at least three earlier shipwrecks, swore off sailing. The Muir joined thousands of other ships claimed by the stormy waters of the Great Lakes in the 19th century.

Persons: Margaret A, Muir, David Clow, Clow Locations: Mackinac, Lake Michigan, Chicago’s, Michigan, Wisconsin, Great

☆ Tech's splurge on AI chips has companies in 'arms race' that's forcing more spending
▼ + stars: | 2024-07-25 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. Meta CEO Mark Zuckerberg has been assembling a large stockpile of Nvidia chips, spending billions of dollars so his company can develop and train advanced artificial intelligence models. But even he says the AI hype may be driving too much investment. Meta debuted its latest Llama AI model on Tuesday. The model, dubbed Llama 3.1, comes in three different versions, with one variant being the biggest and most capable AI model from Meta to date.

Persons: Mark Zuckerberg, Zuckerberg, Emily Chang, He's, Sundar Pichai, Pichai Organizations: Meta, Nvidia, Microsoft, Amazon, Oracle, Tesla Locations: Menlo Park , California

☆ Melania Trump's memoir set for Sept. 24 release, weeks before election
▼ + stars: | 2024-07-25 | by ( Josephine Rozzelle | ) www.cnbc.com time to read: +1 min

Melania Trump speaks from the podium on the first night of the Republican National Convention in Cleveland, Ohio, on July 18, 2016. Former first lady Melania Trump's upcoming memoir will hit bookstores on Sept. 24, her publisher tells CNBC, just weeks before the presidential election on Nov. 5. Her husband, former President Donald Trump, will face the de facto Democratic nominee, Vice President Kamala Harris. "The former First Lady invites readers into her world, offering an intimate portrait of a woman who has lived an extraordinary life," the release goes on to say. Born and raised in Slovenia, Melania Trump moved to the U.S. in 1996 to work as a model, and met Donald Trump in 1998.

Persons: Melania Trump, Melania, Donald Trump, Kamala Harris, Barron Trump Organizations: Republican National Convention, CNBC, Democratic Locations: Cleveland , Ohio, Slovenia

☆ These friends have worked at Piggly Wiggly together for 50 years: 'Time flies when you're having fun'
▼ + stars: | 2024-07-25 | by ( Morgan Smith | ) www.cnbc.com time to read: +5 min

Both men, now in their 60s, have worked at the same Piggly Wiggly grocery store in Franklin, Kentucky for 50 years. Haley and Watkins each started working at the store full time as associates after graduating high school. The average salary for a store manager at Piggly Wiggly ranges from $34,000 to $109,000 per year while the pay for a meat manager ranges from $42,000 to $76,000, according to Indeed. The Piggly Wiggly veterans are in good company — older Americans are working longer. Haley echoes the same sentiment: "Time flies when you're having fun."

Persons: Dale Haley, Ricky Watkins, Haley, Watkins, Haley didn't, …, I'd, I, Don't, you'll Organizations: Gallup, CNBC Locations: Franklin , Kentucky

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