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☆ OpenAI's CTO treats creativity like a problem to be solved — and that itself is the problem
▼ + stars: | 2024-06-25 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +9 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Advertisement"These people treat creativity like a problem to be solved," he continued. "All these things shouldn't be there in the first place, but all these things are work that some people have to do. "I think we need to have an honest public debate about the advantages, but also the pitfalls and dangers of AI technology," Astray said.

Persons: —, Mira Murati, Jeffrey Blackburn, ChatGPT, Murati, Ed Zitron, Zitron, Boris Eldagsen, OpenAI's DALL, Eldagsen, FABRIZIO BENSCH, Miles, doesn't, OpenAI, Sam Altman Organizations: Service, Business, Dartmouth, OpenAI, Sony, Reuters Locations: OpenAI

☆ China’s Chang’e-6 moon mission returns to Earth with historic far side samples
▼ + stars: | 2024-06-25 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +9 min

Hong Kong CNN —China’s Chang’e-6 lunar module returned to Earth Tuesday, successfully completing its historic mission to collect the first ever samples from the far side of the moon in a major step forward for the country’s ambitious space program. “The Chang’e-6 lunar exploration mission has been a complete success,” said Zhang Kejian, head of the China National Space Administration (CNSA), from the control room. Once they receive the samples, Chinese scientists are expected to share data and carry out joint research with international partners, before Beijing later opens the samples for access by international teams, according to statements from CNSA officials. China and the US are not alone in eyeing the national prestige, potential scientific benefits, access to resources and further deep space exploration that successful moon missions could bring. Last year, India landed its first spacecraft on the moon, while Russia’s first lunar mission in decades ended in failure when its Luna 25 probe crashed into the moon’s surface.

Persons: China’s, ”, Zhang Kejian, Xi Jinping –, –, zhong ”, Luna, James Head, Yuqi Qian, Artemis, Bill Nelson, ” Nelson Organizations: Hong Kong CNN, Tuesday, CCTV, China National Space Administration, CNN, Brown University, “, University of Hong, International, NASA, Luna Locations: Hong Kong, Mongolia, United States, Beijing, China, Soviet, University of Hong Kong, India, Japan, Texas, Chang’e

☆ China's historic moon mission is just the start of its plans to dominate space
▼ + stars: | 2024-06-25 | by ( Tom Porter | ) www.businessinsider.com time to read: +4 min

On Tuesday, its Chang'e-6 lunar probe successfully returned to Earth carrying the first-ever samples from the moon's far side. They signify China's growing prowess in orbit, as well as its potential to someday leapfrog the US in the race to dominate space. The moon's far sideThe moon's far side is considered particularly challenging to explore because of its craters and the difficulty of maintaining communications with vehicles landing there. The latest mission, which launched on May 3, is China's second successful landing on the moon's far side, with the first launched in 2019. The space race heats upChina is now rivaling the US and Russia as a leading space power.

Persons: —, Astrobiotic, Simone Dell'Agnello, Xi Jinping, Bill Nelson, it's Organizations: Service, Earth, Business, NASA, Wall Street, Analysts, Pentagon Locations: China, Mongolia, Russia

☆ Where Have All the Chinese I.P.O.s Gone?
▼ + stars: | 2024-06-25 | by ( Meaghan Tobin | ) www.nytimes.com time to read: +1 min

There was a time when a Chinese internet company’s initial public offering was the hottest thing on Wall Street. Scores of other Chinese companies raised billions in the United States over the next few years. Wall Street has not seen anything close to a blockbuster Chinese I.P.O. So far this year, Chinese companies have raised about $580 million in U.S. listings, almost all of it last month from one I.P.O. As the geopolitical relationship between China and the United States has deteriorated, it has become increasingly difficult for Chinese companies to find a foreign market where a listing might not be jeopardized by political scrutiny.

Organizations: New York Stock Exchange Locations: United States, China

☆ Book your July 4 flights now if you haven't already, travel expert warns: 'You don't want to wait any longer'
▼ + stars: | 2024-06-25 | by ( Nicolas Vega | ) www.cnbc.com time to read: +3 min

If you've been waiting until the last minute in hopes of snagging a July 4 travel deal, it's time to take the plunge. Katy Nastro, a travel expert at Going, tells CNBC Make It that holding out for a super-cheap flight is a strategy that is likely to backfire. "You don't want to wait any longer hoping and praying that some magic cheap flight is going to drop in price by 50%," she says. You're more likely to find a better price on winter holiday flights than you are for the July 4 holiday. "You're more likely to find a better price on winter holiday flights than you are for the July 4 holiday," she says.

Persons: you've, snagging, Katy Nastro, Nastro, Tang Ming Tung, Izusek, Erlon Silva Organizations: CNBC, TSA, Airlines, Google, Tri Locations: Katy

☆ China Prepares to Bring Rocks From Moon’s Far Side to Earth
▼ + stars: | 2024-06-25 | by ( Katrina Miller | ) www.nytimes.com time to read: 1 min

On Tuesday, a capsule carrying soil from the far side of the moon will parachute into the desert in China’s Inner Mongolia region. The sample, retrieved by the Chinese National Space Administration’s Chang’e-6 lander, is expected to be the latest accomplishment in a series of near-flawless executions of Chinese lunar exploration missions since 2007. Here’s what you need to know about the Chang’e-6 mission’s return to Earth. China’s space agency has yet to confirm when the mission will conclude. But according to NASA’s Goddard Space Flight Center, the Chang’e-6 sample return capsule is expected to land at 1:41 a.m. Eastern time, which is 1:41 p.m. local time in the Siziwang Banner area of Inner Mongolia, a region in northern China.

Persons: NASA’s Organizations: NASA’s Goddard Space Flight Locations: Mongolia, Siziwang, Inner Mongolia, China

☆ How Gen-Z sports brand Overtime built an 8-figure merch business and is using partnerships to take it to the next level
▼ + stars: | 2024-06-25 | by ( Tiara White | ) www.businessinsider.com time to read: +5 min

The media company first made a name for itself by distributing high-school sports videos, then producing its own shows and operating its own sports leagues. Rutstein, who worked at Adidas and Reebok before Overtime, said the company distinguishes its merch by focusing on quality. Advertisement"When we first started, I said, we're not going to be a media company that just does merch," Rutstein told Business Insider. Advertisement"Through partnerships, we've been able to expand our audience, of course, to these brands that are either legacy or heritage streetwear brands," Rutstein said. Other brands Overtime has partnered with include BAPE, a Japanese clothing brand; PSD Underwear, which makes underwear and activewear; 7-Eleven, a convenience store chain; and Billionaire Boys Club, a fashion label founded by singer-songwriter Pharrell Williams.

Persons: —, Tyler Rutstein, Rutstein, we're, SpongeBob, we've, Pharrell Williams, that's Organizations: Service, Paramount, Business, Adidas, Reebok, Billionaire Boys Locations: merch

☆ Tech giants bet next-generation optical networks will reduce AI's climate impact, aid 6G transition
▼ + stars: | 2024-06-25 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

IOWN Global Forum is a global group aiming to develop technical standards for all-photonics networks. "Mobile traffic is growing more and more every day," Katsuhiko Kawazoe, chair of the IOWN Global Forum, told CNBC via email. "Data centers are becoming bigger and bigger, and hyperscale data centers are a struggle for societies' carbon reductions," Kawashima said. "To deploy antennas, we need optical fiber to connect antennas to radio data centers," Kawashima explained. For now, the IOWN Global Forum is working toward achieving its main goals by 2030.

Persons: —, Kawazoe, Gonzalo Camarillo, OpenAI's, Kawashima, Banks, NTT's Kawashima Organizations: Getty, Microsoft, Google, Intel, Sony, IOWN, photonics, NTT, Ericsson, Nokia, SK Hynix, CNBC, IOWN Global, NTT Corporation, Mitsubishi, Netflix, Amazon, 5G

☆ Meet Russia's richest woman, a self-made billionaire who founded her e-commerce company on maternity leave
▼ + stars: | 2024-06-25 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +1 min

She founded the e-commerce retailer Wildberries in 2004 while on maternity leave from her job as an English teacher. A Wildberries delivery point in St. Petersburg. Bakalchuk told Bloomberg in 2018 that she used to make deliveries herself in the company's early days. Bakalchuk owns 99% of the company, and her husband owns 1%. In 2020, The Bell reported Vladislav Bakalchuk earned $5 million from selling stock in an internet provider, raising questions about Bakalchuk's status as a self-made billionaire.

Persons: Artem Priakhin, Wildberries, Otto, Bakalchuk, Sergei Anufriev, Bell, Vladislav Bakalchuk Organizations: Wildberries, Getty, Bloomberg Locations: St . Petersburg, German, Moscow, Wildberries

☆ Opinion | The Supreme Court Neuters a Vital Public Watchdog
▼ + stars: | 2024-06-25 | by ( Jesse Wegman | ) www.nytimes.com time to read: +1 min

The Supreme Court’s right-wing supermajority talks a lot about the importance of history and tradition in deciding cases. The decision, in Securities and Exchange Commission v. Jarkesy, struck down the S.E.C.’s use of in-house judges to bring enforcement actions against securities fraud. If the agency wants to go after securities fraud, it will have to go to federal court. When a lawsuit involves the protection of rights of the public generally, juries have never been required. Its impact will reach far beyond securities fraud, hamstringing similar tribunals in agencies responsible for the environment, public health, food and consumer safety, worker protections and much more.

Persons: ”, Sonia Sotomayor, Elena Kagan, Ketanji Brown Jackson Organizations: Securities, Exchange Commission

☆ Australia MONA: Why Picasso pieces are on display in a ladies’ restroom inside a museum
▼ + stars: | 2024-06-25 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +3 min

“While the Ladies Lounge undergoes a series of reforms to meet the exemptions required for reopening, I’ve been doing a little redecorating. “Some Cubism in the cubicles.”The Picasso works were moved into a fully functioning restroom for women. ‘Ladies Lounge’ closed“We never had female toilets at Mona before, they were all unisex. But then the Ladies Lounge had to close thanks to a lawsuit brought on by a man. Jason Lau, a visitor from New South Wales was barred from entering the “Ladies Lounge” exhibit on April 1 in 2023.

Persons: Picasso, Pablo Picasso, Kirsha Kaechele’s, –, ”, MONA, Kaechele, I’ve, Australia Kaechele, Charlotte Vignau, “, David Walsh, Jason Lau, Lau Organizations: CNN, Tasmania’s Museum of, Tasmanian Civil, Museum of Locations: Australia, ”, Hobart, Tasmania, Mona, New South Wales, state’s

☆ FedEx shares jump after hours as massive cost-cutting measures kick in
▼ + stars: | 2024-06-25 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +4 min

FedEx shares soared more than 15% after hours Tuesday after the company reported results that topped analysts' estimates in both earnings and revenue. FedEx further expects the demand environment to moderately improve through the next fiscal year, according to Carere. Investor's eyes are also on the company's largest segment Express, which has been struggling with margin growth the past year. Subramaniam said improving performance of the Express segment is a "top priority" for the company. USPS was the largest customer for the company's Express segment.

Persons: Brie Carere, Carere, Raj Subramaniam, Subramaniam, John Dietrich Organizations: FedEx, LSEG, Services, Federal Express Corporation, U.S . Postal Service, United Parcel Service, UPS, USPS Locations: United States

☆ China’s Chang’e-6 lunar probe returns with first-ever samples from far side of the moon
▼ + stars: | 2024-06-25 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +3 min

The Chang'e-6 probe being successfully launched from China's Wenchang Spaceport in Wenchang, Hainan Province, China, on May 3, 2024. China's Chang'e-6 lunar probe returned to Earth on Tuesday, bringing back the first-ever samples from the unexplored far side of the moon. Chang'e-6 returned to Earth with soil collected from the South Pole-Aitken Basin — a massive crater in the lunar hemisphere that always faces away from Earth. In total, Chang'e-6 mission took 53 days from its May 3 departure from the Wenchang Space Launch Center in Hainan, an island off China's south coast. The far side of the moon was first captured in images in 1959 by the Soviet Luna 3 spacecraft.

Persons: China's, Xi Jinping, Soviet Union —, Neil Armstrong Organizations: China National Space Administration, Soviet Luna, Washington, NASA Locations: Wenchang, Hainan Province, China, Inner Mongolia, Chang'e, Hainan, Beijing, India, Soviet, U.S, Soviet Union, Cold

☆ Here are Oppenheimer's top stock picks heading into July
▼ + stars: | 2024-06-25 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Oppenheimer unveiled its top stock ideas heading into a new trading month, all of which are seen outperforming over the next 12 months in the market's current conditions. While Oppenheimer has a price target at $75 for the stock, implying about 8.9% upside from Monday's close, JPMorgan is even more bullish. With a $116 price target, Oppenheimer sees similar gains still ahead. Oppenheimer has its price target set at $2,000, which implies a 25.6% increase from Monday's close. On Monday, it hiked Broadcom's price target to $2,150 and said the buy-rated stock is a top pick.

Persons: Oppenheimer, Jefferies, Rick Schafer, Goldman Sachs Organizations: United Therapeutics, Walmart, JPMorgan, Broadcom, Bank of America, Dick's Sporting Goods Locations: Centene, United

☆ E.U. Charges Microsoft With Antitrust Violations Over Teams Bundling
▼ + stars: | 2024-06-25 | by ( Adam Satariano | More About Adam Satariano | ) www.nytimes.com time to read: +1 min

European Union regulators on Tuesday charged Microsoft with breaking antitrust rules by bundling its Teams video conferencing and collaboration software with a suite of other productivity tools, giving it an unfair advantage over rivals. Regulators said businesses essentially had little choice but to take Teams if they wanted other software made by Microsoft. On Monday, regulators accused Apple of violating competition rules because of its App Store policies. The Microsoft case has its roots in the Covid-19 pandemic, when videoconferencing and collaboration tools like Zoom, Slack and Teams became essential for remote workforces. In 2020, Slack, now owned by Salesforce, complained to regulators that Microsoft’s bundling of Teams with other productivity software was anticompetitive, setting off the initial E.U.

Persons: Slack, Apple Organizations: Regulators, Microsoft, European Union, Google, Salesforce

Container ships are berthed at PSA's Pasir Panjang Terminal in Singapore July 15, 2019. Global port congestion has reached an 18-month high, with 60% of ships waiting at anchor located in Asia, maritime data firm Linerlytica said this month. SEVERE CONGESTIONSingapore, the world's second-largest container port, has seen particularly severe congestion in recent weeks. "The peak season, which traditionally starts in June, was advanced by a full month, causing ocean freight rates to soar." Container freight prices from Asia to the U.S. and Europe have tripled since early 2024.

Persons: Edgar Su, Linerlytica, Yemen's, Jayendu Krishna, Drewry, PortCast, Niki Frank, Dimerco, Jonathan Gold, Judah Levine, Jared Bernstein, Gene Seroka, Peter Sand, Jeslyn Lerh, Lisa Baertlein, Lisa Barrington, Miyoung Kim, Kim Coghill Organizations: REUTERS, Retailers, Ships, Drewry Maritime Advisors, Singapore, Singapore's, Port Authority, Drewry, Keppel, Tuas, Maersk, DHL Global, Asia, Descartes, National Retail Federation, Container, U.S ., of Economic Advisers, U.S, DHL, Thomson Locations: Pasir Panjang, Singapore, SEOUL, SINGAPORE, Asia, Africa, Malaysia's Port Klang, Tanjung Pelepas, Shanghai, Qingdao, China, South Korea, U.S, Europe, U.S . East Coast, U.S . West, of Los Angeles, Los Angeles, Seoul

☆ Fewer Americans are buying life insurance. Here's when you might need it
▼ + stars: | 2024-06-25 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Overall, the share of households with life insurance has "steadily" decreased since the early 1970s, according to the NAIC. That said, even as fewer people buy life insurance, "I do think there's a need for it," he added. What type of life insurance to buyThere are two broad types of life insurance: Term and permanent. Permanent life insurance, such as a whole or universal life policy, is meant to last throughout life. How much life insurance to getLuca Sage | Digitalvision | Getty Images

Persons: Knoll, Shapiro, Scott Shapiro, —, Luca Sage Organizations: Planning Center . Insurance, Getty, Illinois Department of Insurance, KPMG, Digitalvision

☆ Apple Is First Company Charged Under New E.U. Competition Law
▼ + stars: | 2024-06-24 | by ( Adam Satariano | Tripp Mickle | ) www.nytimes.com time to read: +1 min

Apple is imposing unfair restrictions on developers of applications for its App Store in violation of a new European Union law meant to encourage competition in the tech industry, regulators in Brussels said on Monday. The charges further escalated a tussle between Apple, which says its products are designed in the best interest of customers, and E.U. regulators, who say the company is unfairly using its size and considerable resources to stifle competition. Apple is the first company to be charged for violating the Digital Markets Act, a law passed in 2022 that gives European regulators wide authority to force the largest “online gatekeepers” to change their business practices. regulators said Apple was putting unlawful restrictions on companies that make games, music services and other applications.

Persons: Apple Organizations: Apple, European Union, Digital Markets Locations: Brussels, E.U

When the White House chief of staff, Jeffrey Zients, met with dozens of top executives in Washington this month, he encountered a familiar list of corporate complaints about President Biden. The executives at the Business Roundtable, a group representing some of the country’s biggest corporations, objected to Mr. Biden’s proposals to raise taxes. While the meeting was not antagonistic, it was indicative of three and a half years of executive grousing about Mr. Biden. Business leaders have criticized his remarks on “corporate greed” and his appearance on a union picket line. A number of prominent figures in Silicon Valley and on Wall Street — including the venture capitalists David Sacks and Marc Andreessen, and the hedge fund magnate Kenneth Griffin — have grown increasingly vocal in their criticism of Mr. Biden, their praise of former President Donald J. Trump, or both.

Persons: Jeffrey Zients, Biden, ”, —, Lina Khan, David Sacks, Marc Andreessen, Kenneth Griffin —, Mr, Donald J, Trump Organizations: White House, Business, Biden, Federal Trade Commission Locations: Washington, Silicon Valley

☆ These stocks are the biggest bargains in the S&P 500 heading into the second half
▼ + stars: | 2024-06-24 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

A collection of stocks with strong earnings potential and discounted valuations may be a good way for investors to find value in the market. CVX YTD mountain Chevron stock. FDX YTD mountain FedEx stock. Altria Group is the most discounted stock on the list, with the stock's trailing 12-month P/E representing a 116% haircut compared with its five-year average. MO YTD mountain Altria Group stock.

Persons: Peer, haven't, Mike Wirth, Thomas Wadewitz Organizations: Nvidia, Broadcom, Qualcomm, CNBC Pro, CNBC, Stock, ., Chevron, Exxon Mobil, FedEx, UBS, U.S . Postal Service, Altria, U.S . Food, Drug Administration, Conagra Brands, Marathon Petroleum Locations: U.S

☆ Ferrari CEO says all-electric model preserves the 'emotion' of the famed supercars
▼ + stars: | 2024-06-24 | by ( Robert Frank | ) www.cnbc.com time to read: +2 min

Ferrari's all-electric model won't be launched for over a year, but early tests prove it has all the driving traits and emotion of a true Ferrari, according to Ferrari CEO Benedetto Vigna. "More people have started to drive our electric Ferrari, and they have a good feeling. Little is known about the electric model, since it's not scheduled for launch until the fourth quarter of 2025. "When you're talking about the Ferrari experience, the driving traits in a car, you're talking about having a unique emotion when you're in the car. He said Ferrari will continue offering customers the choice of internal combustion engines and hybrids alongside the electric model.

Persons: Benedetto Vigna, Vigna, Ferrari, it's Organizations: CNBC, Ferrari Locations: Maranello, Italy

The $3 trillion company is the first to be charged under the Digital Markets Act, a landmark 2022 E.U. Here are the E.U.’s accusations against Apple:The App Store violates so-called steering rules. Regulators say that app developers cannot easily inform their customers about new offerings, including cheaper deals, within Apple’s ecosystem. The fees Apple charges are excessive. products and services in Europe because of “regulatory uncertainties.”And the company already faces a $2 billion E.U.

Persons: Apple Organizations: Apple, European Union, Digital Markets, Google, Financial Times, Microsoft Locations: Apple’s, Europe

☆ Efficiency helped turn Silicon Valley around. China is taking it to the extreme to do the same.
▼ + stars: | 2024-06-24 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Now, China's tech bosses seem ready to do the same. AdvertisementChina is pushing tech workers even harderChinese tech companies seem willing to take Silicon Valley's efficiency mantra even further. Big names on China's tech scene, like JD.com and Jack Ma's Alibaba, have faced a threat from fast-growing newcomers like Pinduoduo, the sister company of online marketplace Temu. AdvertisementQu left Baidu after her comments were made public, but the ferocity of what China's tech workers are hearing isn't abating.

Persons: —, Mark Zuckerberg, Andy Jassy, Meta's Mark Zuckerberg, Richard Liu, Liu, Jack Ma's Alibaba, Pinduoduo, Jack Ma, Wang, Ma's Alibaba, aren't, Qu Jing, Qu, Baidu, isn't Organizations: Service, Business, Financial Times, Bloomberg, China Labor Watch, Baidu Locations: China, Beijing

☆ Opinion | Should Social Media Come With Warning Labels?
▼ + stars: | 2024-06-24 | by ( ) www.nytimes.com time to read: 1 min

To the Editor:Re “Social Media Platforms Need a Health Warning,” by Vivek H. Murthy, the U.S. surgeon general (Opinion guest essay, June 18):Dr. Murthy makes a compelling case for social media warning labels and offers parents sound suggestions for protecting their kids from toxic content. An entire generation of children is growing up watching their parents, older siblings and other family members glued to their phones, posting pictures, sharing memes, debating politics and doomscrolling day and night as life passes them by. Consistently modeling the behavior they’d like to see in their kids would circumvent even the most powerful algorithms and make parents the ultimate social media influencers. The writer is president and C.E.O. of the Family and Children’s Association.

Persons: Vivek H, Murthy, Jeffrey L Organizations: Reynolds Garden, Children’s Association Locations: U.S, Reynolds Garden City, N.Y

☆ How couples answer one question shows whether they communicate well about money, Cornell research finds
▼ + stars: | 2024-06-24 | by ( Lorie Konish | ) www.cnbc.com time to read: +2 min

Skynesher | E+ | Getty ImagesWhat successful couples do differentlyCouples who say they feel their financial problems are perpetual are more likely to assume they have no solution, according to Cornell's research. Unfortunately, most couples by default tend to view their financial problems as perpetual, and therefore avoid talking about financial issues, Garbinsky said. watch nowCommunication avoidance may also contribute to financial infidelity, where a partner will withhold or hide financial information from their partner. "If you're not talking and if you're hiding things from your partner, it is having negative effects on your relationship quality over time," Garbinsky said. To start to unravel financial conflict, it helps to backtrack and talk about the money memories each partner has and how that shapes their feelings about money now, he said.

Persons: Garbinsky, Jude Boudreaux, Boudreaux Organizations: Partners, CNBC FA Locations: New Orleans

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