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Read previewThe Miss Teen USA first runner-up won't be taking over as queen. On Wednesday, Miss Teen USA UmaSofia Srivastava announced she was resigning from her position just two days after Miss USA Noelia Voigt gave up her crown. Stephanie Skinner declined the title of Miss Teen USASkinner, who represented New York in the Miss Teen USA pageant, announced on Instagram that she "decided to decline the title of Miss Teen USA 2023." AdvertisementSkinner told BI she still hopes to hold a national pageant title someday, but it won't be Miss Teen USA. Miss USA Noelia Voigt and Miss Teen USA UmaSofia Srivastava resigned their titles.
Persons: , Miss Teen USA UmaSofia Srivastava, Miss USA Noelia Voigt, Miss Teen USA's, Stephanie Skinner, wouldn't, Skinner, I've, Srivastava, Voigt, Noelia Voigt, Chance Yeh, Claudia Michelle, Miss Colorado Arianna Lemus, Lemus, Miss Hawaii USA Savannah Gankiewicz Organizations: Service, Teen USA, Miss Teen USA, Miss USA, Miss Hawaii Savannah Gankiewicz, Business, Miss, Miss Teen, University of Pennsylvania, Miss Hawaii Locations: New York, Thailand, I'm, USA, Instagram, Miss USA, Miss Hawaii USA Savannah
Learn moreThe 2024 Giro d'Italia is well underway, with the first two weekends of the competition officially complete. We've gathered everything to know about where to watch Giro d'Italia, including a free live stream. Shop at MaxWhere to watch Giro d'Italia in the UKDiscovery+ will show the 2024 Giro d'Italia races in the UK. Where to watch Giro d'Italia in ItalyRai Sport will carry live streams for every stage of this year's Giro d'Italia for fans in Italy. Where to watch Giro d'Italia in AustraliaGiro d'Italia will stream on SBS in Australia.
Persons: Primož Roglič, Val Fortore, Max, HBO Max, it's, ExpressVPN Organizations: Business, Tour de France, de France, SBS, RAI, Giro, HBO, Warner Bros, Italy Rai Sport Locations: Italy, Australia, ExpressVPN, Mare, Fano, Australian
"We're like the engine room of the company," Hassabis told CNBC, speaking about his newly integrated AI unit within Google. Last month, Alphabet CEO Sundar Pichai merged Hassabis' DeepMind with Google Brain, a separate AI team, and selected Hassabis to lead the group. DeepMind CEO Demis Hassabis at a 2017 event in China. During his career at DeepMind and then at Google, Hassabis dominated the field of AI. Microsoft CEO Satya Nadella (R) speaks as OpenAI CEO Sam Altman (L) looks on during the OpenAI DevDay event in San Francisco on Nov. 6, 2023.
Persons: He's, Hassabis, Sundar Pichai, It's, Demis Hassabis, Geoffrey Hinton, Hinton, DeepMind, Elon Musk, OpenAI, Satya Nadella, Sam Altman, Justin Sullivan, Critics, they've, ChatGPT, AlphaFold, Eli Lilly Organizations: Google, CNBC, Microsoft, Elixir Studios, Hassabis, Washington Post, Employees, Novartis, TED Locations: China, DeepMind, San Francisco, ChatGPT, LLMs
In today's big story, we're looking at the people preparing for the collapse of the financial system . The big storyPreparing for the worstAdobe; Chelsea Jia Feng/BIOpinions fluctuate on the economy, but one group has a decidedly strong take. In the subreddit r/economiccollapse, users are preparing for a Soviet Union-type fall of the US economy , writes Business Insider's Jennifer Sor. Further down the economic totem pole, ALICEs (asset limited, income constrained, employed) are struggling to make ends meet . 3 things in techAlex Wong/Getty Images, STR / Contributor/Getty Images, Stephane De Sakutin/Contributor/Getty Images, Abanti Chowdhury/BIHow Mark Zuckerberg turned against the news.
Persons: , Chelsea Jia Feng, Jennifer Sor, Jennifer, aren't, Tyler, there's, Neil Dutta, Jim Simons, annualized, Alex Wong, Stephane De Sakutin, Abanti Chowdhury, Mark Zuckerberg, Zuckerberg, Rupert Murdoch, Sam Altman, Alyssa Powell, Rick Doblin, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Service, Business, Chelsea, Macro, Renaissance Technologies, Big Tech, Apple, FDA, FOX Locations: Soviet Union, China, Washington, Beijing, New York, London, Chicago
Alexandra Prokopenko, a former adviser at Russia’s Central Bank, put the shakeup down to the growing interrelationship between the war and Russia’s economy. “Putin’s priority is war; war of attrition is won by economics,” Prokopenko wrote in a thread on X. Russia's President Vladimir Putin, center-right, with Sergei Shoigu, at Red Square for the Victory Day military parade in central Moscow on May 9, 2024. Putin has shifted Shoigu sideways to a post as the secretary of Russia’s Security Council, meaning that Shoigu is not completely out of the picture. Discussing Shoigu’s new appointment, Kremlin spokesperson Dmitry Peskov said the former defense minister would remain immersed in matters of military production.
Persons: Vladimir Putin’s, shakeup, Andrey Belousov, Sergei Shoigu, Alexandra Prokopenko, ” Prokopenko, Belousov, Vladimir Putin, Natalia Kolesnikova, Prokopenko, Pyotr Stolypin, Putin, Shoigu’s, Dmitry Peskov, Peskov, ” Peskov, General Valery Gerasimov, Nikolai Patrushev, Patrushev, Mikhail Mishustin, Dmitry Patrushev, , , Tatiana Stanovaya Organizations: CNN, Kremlin, Russian Ministry of Defense, Russia’s Central Bank, Russia's, Victory Day, Getty, NATO, Putin, US Congress, Ministry of Defense, Security, Russia’s General Staff, subjugating, Security Council, Federal Security Service Locations: Ukraine, Russia, Moscow, AFP, Europe, Kyiv, Shoigu, Russian, Japan, Soviet Union, subjugating Ukraine, Patrushev
David Sanborn, whose fiery alto saxophone flourishes earned him six Grammy Awards, eight gold albums and a platinum one, and who established himself as a celebrity sideman, lending indelible solos to enduring rock classics like David Bowie’s “Young Americans,” died on Sunday. He died after a long battle with prostate cancer, according to a statement on his social media channels. The statement did not say where Mr. Sanborn died. Drawing from jazz, pop and R&B, Mr. Sanborn was highly prolific, releasing 25 albums over a six-decade career. In contrast, he continued, “Hideaway” had a “stripped-down, funky” quality that showed off his “passionate and distinctive saxophone sound.”
Persons: David Sanborn, David Bowie’s “, , Sanborn, “ Hideaway ”, Michael McDonald, Giorgio Moroder, Paul Schrader, Richard Gere, ” Tim Griggs, Hideaway ” Organizations: David Bowie’s “ Young
Now look at AI, we’re going to have that same disruption except it’s going to be much faster. We really need to rethink how we manage change. There are many communities and many groups of individuals who don’t really feel like contemporary capitalism is serving them well. If I said, “I’m going to have a block grant for communities. I’m going to boost community colleges,” why is that bad?
Persons: Columbia Business School Glenn Hubbard, Bell, Hubbard, they’ve, that’s, it’s, That’s, I’m, don’t, we’re, “ I’m Organizations: CNN Business, Bell, New York CNN, Columbia Business School, Biden Locations: New York, United States
Careers site Indeed will lay off roughly 1,000 employees, or 8% of its workforce. In a memo, CEO Chris Hyams said the company is profitable, but not set up for sustainable growth. Hyams said the cuts are more targeted than last year's across-the-board reduction of 2,200 workers. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementCareers site Indeed says it will lay off roughly 1,000 employees as it looks to simplify its organization.
Persons: Chris Hyams, Hyams, , Mark Zuckerberg's, " Hyams Organizations: Service, Business, Market, Facebook, Meta
George Clooney is planning to make his Broadway debut next spring in a stage adaptation of his 2005 film “Good Night, and Good Luck.”Clooney will play Edward R. Murrow, the pioneering newscaster whose storied broadcast career in the mid-20th century made him a journalism icon. That role was played by David Strathairn in the film. “Good Night, and Good Luck” portrays the period when Murrow’s work brought him into conflict with Senator Joseph R. McCarthy, the Republican of Wisconsin who became notorious for the excesses of his anti-Communist crusade. Clooney wrote the movie with Grant Heslov; the two are teaming up again to adapt it for Broadway. Clooney also directed the film, and performed in it as Fred W. Friendly, Murrow’s collaborator.
Persons: George Clooney, ” Clooney, Edward R, Murrow, David Strathairn, Luck ”, Joseph R, McCarthy, Clooney, Grant Heslov, Fred W Organizations: Broadway, Republican, Communist Locations: Wisconsin
Gill, better known as Roaring Kitty, was the face of GameStop's surprise surge in 2021. The meme stock skyrocketed Monday as his return sent WallStreetBets into a frenzy. Keith Gill posted on X for the first time in nearly three years on Sunday, sending the meme stock sharply higher and sparking excitement on the Wall Street Bets subreddit. AdvertisementIt's unclear exactly what is signified by Gill's cryptic X post of a sketch showing a man leaning forward in his chair. Nevertheless Gill's return still sent r/wallstreetbets, whose users piled into meme stocks like GameStop, AMC, and Bed Bath & Beyond during the pandemic, into a frenzy.
Persons: Keith Gill, Gill, Kitty, WallStreetBets, , Paul Dano, Gill's, Paul Atreides, Vince McMahon Organizations: Service, GameStop, Financial Services Committee, AMC
President Vladimir V. Putin of Russia replaced his minister of defense on Sunday as he shook up his national security team for the first time since his invasion of Ukraine. Mr. Putin kept the minister, Sergei K. Shoigu, in his inner circle, tapping him to run the country’s security council. Andrei R. Belousov, an economist who served as first deputy prime minister in the last government and previously was the economic development minister, was nominated to become the new defense chief. It is unclear how much authority over the war effort Mr. Shoigu will retain. colleague of Mr. Putin who has headed the Russian security council for 16 years, would be moved to another position to be announced in the coming days.
Persons: Vladimir V, Putin, Sergei K, Andrei R, Shoigu, Nikolai P, Mr Locations: Russia, Ukraine
Vance, the Ohio Republican who is a contender to be former President Donald J. Trump’s running mate, hedged on Sunday when he was asked whether he would accept the results of the November election. Mr. Vance is expected to join Mr. Trump on Wednesday in Cincinnati at a fund-raiser, a possible audition to be Mr. Trump’s running mate. He also attended a recent event at Mar-a-Lago, Mr. Trump’s club in Florida, with several other vice-presidential contenders and Republican donors. Mike Pence, who was vice president at the time, rebuffed Mr. Trump’s calls to disrupt the transfer of power after Joseph R. Biden Jr. won the presidency. During Mr. Vance’s interview with CNN on Sunday, he also defended Mr. Trump’s recent comments that “any Jewish person” who had voted for Mr. Biden “should be ashamed of themselves.”“We have to remember, Donald Trump is very direct here,” Mr. Vance said.
Persons: J.D, Vance, Donald J, hedged, ” Mr, CNN’s Dana Bash, Trump, , Trump’s, Mike Pence, Mr, Joseph R, Biden, Donald Trump, hasn’t, Joe Biden, Donald Trump Jr Organizations: Ohio Republican, Union, Mr, ABC News, Trump, CNN, Senate, Republican Locations: Cincinnati, Florida
Learn moreGrand Prix de France, or the French Grand Prix, is back for another year. We've got all of the details on where to watch the MotoGP race, including a free live stream. Where to watch MotoGP in the USMax is the streaming home of MotoGP in the US. Shop at MaxWhere to watch MotoGP in AustriaAll MotoGP races air on ServusTV in Austria. How to watch MotoGP from anywhereIf you're outside Austria at the moment, you can still access the free French MotoGP live stream with a VPN.
Persons: We've, Marco Bezzechi, Jorge Martin, Francesco Bagnaia, Max, HBO Max, it's, ExpressVPN Organizations: Business, Prix de France, Bugatti Circuit, MotoGP, HBO, Warner Bros, Austria Locations: Le Mans, France, ServusTV, Austria
CNN —Two California hikers who went missing earlier this week on Mount Whitney have been found dead, authorities said. The Inyo County Sheriff’s Office dispatch received a call on Tuesday around 8:30 p.m. PT regarding the overdue hikers, according to a news release from the sheriff’s office on Thursday. “Tragically, both hikers were later discovered deceased” in Tulare County, California, the sheriff’s office stated in the release. CNN has contacted the Tulare County Sheriff’s Office for more information. Mount Whitney is the tallest mountain in the contiguous United States, according to the National Park Service.
Persons: Mount Whitney, Tragically Organizations: CNN, Whitney’s Mountaineer, Upper, National Park Service Locations: California, Inyo County, Tulare County , California, Tulare County, United States
Ambassador to the United Nations Nikki Haley (L) and Former U.S. President and Republican presidential candidate Donald Trump, campaigning in New Hampshire on Jan. 23rd, 2024. Donald Trump on Saturday made it clear that former Republican presidential candidate Nikki Haley is not on his running mate shortlist, quieting rumors that his campaign had been considering her as an option. The comment came several hours after Axios reported that Haley was in the Trump campaign's vice president conversation, citing two anonymous sources. Haley's wealthy donor base could help Trump make up his fundraising problems, which are compounded by legal fees related to several ongoing lawsuits. "Now when I say that, that probably means that she's not going to be chosen as the vice president."
Persons: Nikki Haley, Donald Trump, Axios, Haley, Trump, Joe Biden's, Elise Stefanik, Sen, Tim Scott, Marco Rubio, Doug Burgum, Kristi Noem, Kim Jong, Trump's Organizations: U.S, United, Former U.S, Republican, Jan, Trump campaign's, Trump, GOP, North Dakota Gov, Doug Burgum . South Dakota Gov, North, Wisconsin Locations: New Hampshire, Doug Burgum ., North Korean
Former President Donald J. Trump used a dubious accounting maneuver to claim improper tax breaks from his troubled Chicago tower, according to an Internal Revenue Service inquiry uncovered by The New York Times and ProPublica. Losing a yearslong audit battle over the claim could mean a tax bill of more than $100 million. The 92-story, glass-sheathed skyscraper along the Chicago River is the tallest and, at least for now, the last major construction project by Mr. Trump. But when Mr. Trump sought to reap tax benefits from his losses, the I.R.S. That move resulted in Mr. Trump reporting losses as high as $651 million for the year, The Times and ProPublica found.
Persons: Donald J, Trump, ProPublica Organizations: Internal Revenue, The New York Times, Mr, Times Locations: Chicago
"The one thing that our economy is going to be guaranteed is a wartime economy," Daniel told Business Insider in an interview. Interest in ultra-bearish takes on the market or the economy is on the up based on raw search data. Google searches for "stock market crash" have jumped 17% over the last quarter, while searches for "economic crash" have surged 15%, according to search analytics firm Glimpse. In both communities, users are sounding the alarm on all sorts of apocalyptic scenarios for the economy, with some predicting a stock market crash, housing market crash, or a total collapse of the US financial system. "Others may not be as lucky and could be constrained by them, and that could color their outlooks for the stock market and the economy."
Persons: , Daniel, subreddit, Freddie Smith, Smith, aren't, Jonathan Rose, he's, Rose, there's, that's, Richard Sylla Organizations: Service, Genesis Gold, US, Northwestern Mutual, New York University Locations: Washington ,, Reddit, Florida
Art auction sales at Christie's, Sotheby's and Phillips over the next two weeks are expected to total $1.2 billion, down 18% from a year ago and nearly half the total for the May 2022 sales, according to ArtTactic. It extends a recent decline for the art market from its post-Covid peak, when cheap money, a booming stock market and fiscal stimulus saw record sales. It's the buyers showing up and what the work will sell for that will define our perception of the art market right now. Price pressuresDealers and art experts say the auction art market is stalled over price, with sellers not willing to get a lower price than they might have gotten at the peak of the market in 2021-2022. "The question they're asking is, 'Should we buy in to the art market right now?'"
Persons: Robert Frank, Phillips, Paul Allen, Brooke Lampley, Buyers, Sellers, Philip Hoffman, CNBC's Robert Frank, Andy Warhol, Jean, Michel Basquiat, Crystal Lau, Andrew Fabricant, It's, Hoffman, Francis Bacon's, George Dyer, Bacon, Dyer, Michel Basquiat's Organizations: Sotheby's, Fine Art Group, CNBC Dealers, CNBC Locations: , Gagosian
Read previewUS bases and aircraft in the Pacific are facing intense threat from Chinese missiles, and the Pentagon isn't doing enough to counter that challenge, according to American lawmakers. In a Wednesday letter to Air Force Secretary Frank Kendall and Navy Secretary Carlos Del Toro, 13 members of Congress pointed out glaring vulnerabilities in the Pacific region and demanded "immediate changes." A U.S. Air Force Rockwell B-1B Lancer (L) and a Boeing KC-135 Stratotanker (R) sit on the tarmac at Andersen Air Force base on August 17, 2017, in Yigo, Guam. Justin Sullivan/Getty ImagesIn the letter, lawmakers note that many of the US bases in the Pacific remain unhardened, leaving aircraft and assets vulnerable to missile strikes. Notably, none of the US shelters were in Guam — home to Andersen Air Force Base which routinely hosts American bombers.
Persons: , Frank Kendall, Carlos Del Toro, John Moolenaar, Justin Sullivan, Tom Shugart, Timothy A, Walton, Andy Wong Organizations: Service, Pentagon, Air Force, Business, Department of Defense, Chinese Communist Party Rep, Commonwealth of, Pacific ., U.S . Air Force Rockwell, Boeing KC, Andersen Air Force, US, Center, New, New American Security, Hudson Institute, Andersen Air Force Base, American, People's Liberation Army Rocket Force, Lawmakers, Rocket Force, China's Locations: Pacific, China, Okinawa, Guam, Commonwealth, Northern Mariana, U.S, Yigo, New American, Shugart, Tiananmen, Beijing
Brad Smith, vice chair and president of Microsoft, speaks at Gateway Technical College in Sturtevant, Wisconsin, on May 8, 2024. A House committee wants Microsoft 's top lawyer, Brad Smith, to attend a hearing this month on exploits of the company's software that resulted in hackers obtaining U.S. government officials' emails. A proposed hearing before the House Committee on Homeland Security, at 10 a.m. But Smith might not necessarily show up at the time the committee asked about in a letter it sent him on Thursday. Committee chairman Mark Green, R-Tenn., and Bennie Thompson, D-Miss., said in their letter inviting Smith to the hearing that they were encouraged by the company's plans to overhaul its security practices.
Persons: Brad Smith, Gina Raimondo, Don Bacon, Nicholas Burns, Smith, We're, Satya Nadella, Charlie Bell, Mark Green, Bennie Thompson, Green, Thompson, Chris Krebs Organizations: Microsoft, Gateway Technical College, Homeland Security, Rep, CNBC Locations: Sturtevant , Wisconsin, Washington, U.S, China
And while WBD's $0.40-per-share loss was 4 cents better than last year, it was still lower than analysts had hoped for. Warners added about 2 million net streaming subscribers globally in the first quarter, bringing its total to 99.6 million. There's a simple explanation for WBD's streaming ad growth despite modest subscriber additions: the advent of live sports on Max. As impressive as WBD's burgeoning streaming ad business looks now, it may be nothing more than a blip if Comcast's NBC outbids TNT for NBA media rights in the league's next TV deal. Suddenly, it seems like Zaslav is taking an even bigger risk by playing hardball with the NBA.
Persons: Discovery's, David Zaslav, Max, Warners, WBD, it's Organizations: Warner Bros, Business, NBA, Warners, Max, MLB, NHL, NBC, TNT, Media, UBS, hardball
In a letter to Attorney General Merrick Garland this week, the Republican senator Josh Hawley demanded a federal investigation into dark money groups subsidizing “pro-terrorist student organizations” holding anti-Israel protests on college campuses. He cited Politico reporting linking big liberal philanthropies to some pro-Palestinian organizers. Open Society Foundations, for example, founded by the oft-demonized George Soros, has given grants to the anti-Zionist Jewish Voice for Peace, which has an active university presence. That’s one reason I fear that the backlash to the pro-Palestinian campus movement — which includes lawsuits, hearings and legislation — could help Republicans wage war on progressive nonprofits more broadly. If they do, the right would be following a well-worn authoritarian playbook.
Persons: General Merrick Garland, Josh Hawley, George Soros, Hawley, , Garland, Donald Trump, Trump, Rachel Kleinfeld, Kleinfeld, it’s Organizations: Politico, Society, Jewish Voice, Soros, Carnegie Endowment, International, Service, Carnegie Locations: Israel, Hungary
Ms. Specht was a copywriter at the McCann-Erickson (now McCann) agency in Manhattan. L’Oréal was using Preference, a relatively new product, to challenge the market dominance of Clairol’s Nice ‘n Easy. “We were sitting in this big office and everyone was discussing what the ad should be,” Ms. Specht told Malcolm Gladwell of The New Yorker in 1999. “They wanted to do something with a woman sitting by a window and the wind blowing through the curtains. You know, one of those fake places with big glamorous curtains.
Persons: Ilon Specht, Brady Case, Ms, Specht, McCann, Erickson, L’Oréal, Malcolm Gladwell, , Organizations: Yorker Locations: Barrington, R.I, Providence, Manhattan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Sen. Toomey on Biden's Rafah threat, efforts to oust House Speaker Johnson & 2024 electionFormer U.S. Sen. Pat Toomey (R-Pa.) joins 'Squawk Box' to discuss President Biden's Rafah threat to Israel, why he believes the threat is a misguided foreign policy decision, GOP-led efforts to oust House Speaker Mike Johnson, state of the 2024 election, and more.
Persons: Former Sen, Toomey, Johnson, U.S . Sen, Pat Toomey, Biden's, Mike Johnson Organizations: Former, U.S ., GOP Locations: Biden's Rafah, Israel
Cold Stone Creamery is facing legal action over 'pistachio' ice cream that contains no pistachios. AdvertisementThe parent company of Cold Stone Creamery is facing legal action after a New York woman ordered "pistachio" ice cream only to discover that it didn't contain pistachios. It all started when the plaintiff visited a Cold Stone Creamery in Levittown, Long Island, in July 2022, ordering what she believed was a pistachio ice cream. The plaintiff's lawyers argued that had she been aware of this, she wouldn't have bought the ice cream. Related storiesIn the ruling, the plaintiff compared Cold Stone Creamy's pistachio ice cream to offerings from Häagen-Dazs and Ben and Jerry's, both of which contained real pistachios.
Persons: , Gary R, Brown, wouldn't, Jerry's, Kahala Brands, Taco, Oren Bitan Organizations: Service, Cold, Eastern, Court, Kahala Brands, Kahala, Business, Taco Bell Locations: New York, York, Brooklyn, Levittown, Long, Häagen
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