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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

☆ EU charges Microsoft with 'abusive' bundling of Teams and Office, breaching antitrust rules
▼ + stars: | 2024-06-25 | by ( Katrina Bishop | ) www.cnbc.com time to read: +2 min

The European Union on Tuesday accused Microsoft of breaching antitrust rules with the "abusive" bundling of its Teams and Office products. Microsoft took the pre-emptive step to unbundle Teams from Microsoft 365 in an effort to quash antitrust concerns by the EU. The EU opened its investigation into Microsoft — which remains ongoing — in July 2023 following a complaint by Salesforce -owned Slack, which has a rival chat service to Teams. The Commission's concerns are centered around the fact that, starting in around 2019, Microsoft tied Teams with its software-as-a-service — or SaaS — applications, such as Office. It notes that Microsoft is "dominant worldwide" in the SaaS market for professional productivity applications.

Persons: —, Brad Smith Organizations: Union, European, Microsoft, European Commission, EU, Salesforce, Economic

☆ England qualifies top of Group C after underwhelming goalless draw against Slovenia
▼ + stars: | 2024-06-25 | by ( Matias Grez | ) edition.cnn.com time to read: +3 min

CNN —England secured top spot in Group C with a goalless draw against Slovenia on Tuesday, but another underwhelming performance throws up more questions about the Three Lions’ status as one of the Euro 2024 favorites. The team created few real chances of note and were again met by boos at full-time from traveling England fans. England, meanwhile, had been heavily criticized for two poor performances to open Euro 2024: a narrow 1-0 win over Serbia and a 1-1 draw with Denmark. Slovenia defender Erik Janza and England midfielder Jude Bellingham chatting during the match. England’s slight improvement in the second half, though, will likely have Southgate rethinking his starting lineup ahead of the last 16.

Persons: Gareth Southgate’s, Kobbie Mainoo, Cole Palmer, Jan Oblak, Saka, Phil Foden’s, Alex Caparros, Southgate, that’s, Conor Gallagher, Declan Rice, Trent Alexander, Arnold, Gallagher, Erik Janza, Jude Bellingham, Kirill Kudryavtsev, Rice, Foden, Oblak, Palmer, Harry Kane Organizations: CNN, England, Slovenia, Lions, Red, Whites, Denmark, Serbia, Manchester City, UEFA, Southgate, Manchester United, Chelsea, Getty Locations: Denmark, Serbia, England, Madrid, Slovenia, Manchester, AFP

☆ 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

☆ Hunter Biden’s DC law license suspended due to gun case conviction
▼ + stars: | 2024-06-25 | by ( Tierney Sneed | Marshall Cohen | ) edition.cnn.com time to read: +2 min

Washington CNN —Hunter Biden’s Washington, DC, law license has been suspended, according to a newly released order from a local court that pointed to his recent conviction on three gun crimes. The order was issued by Chief Judge Anna Elizabeth Blackburne-Rigsby of the DC Court of Appeals, which is the highest appellate court in DC and oversees the DC Bar. It is typical for bars in other states to reciprocate law license suspension or disbarment orders, meaning Biden’s license is also likely to soon be suspended in any other state where he is licensed. Biden has asked for a new trial in the gun case. During closing arguments in Biden’s gun trial, one of the prosecutors described him as a “Yale-educated defendant,” referring to the school where he earned his law degree.

Persons: Washington CNN — Hunter Biden’s, Anna Elizabeth Blackburne, David Weiss, Biden, Weiss, Boies Schiller, Flexner, Patrick Ho, Ho Organizations: Washington CNN, DC, of Appeals, DC Bar’s, Biden, Justice Department, GOP, Yale Locations: Washington CNN — Hunter Biden’s Washington, Wilmington , Delaware, Los Angeles, Hong Kong, Ho

☆ David Einhorn is suing the former employee who claimed to be his head of macro. Here are the most eye-catching parts of Greenlight's lawsuit.
▼ + stars: | 2024-06-25 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +8 min

Read previewDavid Einhorn warned James Fishback he was on "thin ice" less than a year after hiring him. Einhorn's firm, Greenlight Capital, is suing his former analyst, Fishback, Tuesday evening in New York. Advertisement"And, since he had absolutely no authority or discretion whatsoever over Greenlight's macro investment portfolio, he was not responsible for generating any profits, let alone 'over $100 million' of profits." Threats to disrupt Greenlight's partner dinnerThe suit claims Fishback threatened to stand outside Greenlight's annual gathering of investors and service providers with letters that "maliciously and disingenuously called into question Greenlight's macro investing abilities." AdvertisementThe review showed that Fishback had "almost no work files saved on Greenlight's network drive, and had engaged in very little activity on Greenlight's computer system.

Persons: —, David Einhorn, James Fishback, Fishback, Greenlight, Greenlight — Fishback, Azoria, Fishback's, Bari, Einhorn Organizations: Service, Greenlight, Business, Azoria Partners, Citi Locations: New York, Greenlight

☆ The 'Dogs of the Dow' are doing well even as investors chase Nvidia higher
▼ + stars: | 2024-06-25 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

A cohort known as the "dogs" of the Dow Jones Industrial Average is a changing list of stocks with the highest dividend yield at the end of each year. For those who subscribed to the dogs theory, there's largely been upside — with 7 of the 9 stocks beating the Dow. These stats are current as of Monday afternoon: Verizon runs the dog house with the highest current dividend yield at 6.6%. The stock also has a current dividend yield of 3.4%. While Goldman Sachs has seen the best year-to-date performance, the bank has the lowest current dividend yield on the list at just 2.4%.

Persons: It's, Michael O'Higgins, Dow, — Goldman Sachs —, FactSet, Bank of America's Tal Liani, Goldman Sachs Organizations: Dow Jones, Nvidia, Dow, CNBC Pro, Verizon, Cisco, Bank of America's, Walgreens Locations: FactSet

☆ The typical new home in the U.S. is shrinking. Here's what that means for buyers
▼ + stars: | 2024-06-25 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

Homebuyers are expressing a desire for smaller homes, whether as a compromise given high prices or because they simply want a smaller space, experts say. The typical buyer today wants a 2,067-square-foot home, according to the NAHB's 2024 What Home Buyers Really Want study. "They may not need 2,000 square feet or even want that for themselves," she said. About 28% of polled buyers recently purchased a home between the sizes of 1,501 to 2,000 square feet; while 26%, purchased a home between 2,001 to 2,500 square feet, according to the NAR's 2024 Home Buyers and Sellers Generational Trends Report. How zoning influences home sizesAbout 38% of builders say they built smaller homes in 2023 and 26% plan to build even smaller homes this year, according to NAHB.

Persons: Robert Dietz, Jessica Lautz, Dietz, NAHB Organizations: NAHB, National Association of Realtors Locations: Thana, U.S

☆ I'm an American who's lived in Paris for 15 years. Taking these 5 notes from the French has really improved my life.
▼ + stars: | 2024-06-25 | by ( Kasia Dietz | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Farm-to-table dining is a way of life in France, both in restaurants and at homeI shop at farmers markets regularly. Related storiesWith two farmers markets weekly per neighborhood in Paris, I also now think in terms of seasons when it comes to food. Kasia DietzOne of the most significant lifestyle changes I've made since moving to Paris is connected to sustainability. To further celebrate local design, I even lead custom fashion tours to introduce visitors to unique and ethically-minded Parisian brands.

Persons: —, Mais, I'm, Kasia Dietz, I'd, me, I've Organizations: Service, Paris ., EU, Business, New Yorker Locations: Paris, France, New York City, New York, Bordeaux, Burgundy, Candelaria, moonlighting, Western Europe, New

☆ Why CMOs are the execs who stay closest to culture, according to Jackie Jantos of Hinge
▼ + stars: | 2024-06-25 | by ( Julia Hood | ) www.businessinsider.com time to read: 1 min

Link icon An image of a chain link. It symobilizes a website link url. Link icon An image of a chain link. Copy LinkTwitter LinkedIn icon LinkedIn Link icon An image of a chain link. Twitter LinkedIn icon LinkedIn Link icon An image of a chain link.

☆ I moved to Florida from Colorado. Things are more expensive, but I'm going to the beach a lot and already feel at home.
▼ + stars: | 2024-06-25 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +8 min

Now is the time to make a change if I'm going to do it again. I ended up landing this job at a mostly Haitian-American school, and I decided, "If I'm going to explore this, I'm going to do it now and give it a shot." AdvertisementGas is pretty comparable, except in Miami Beach. I've been a couple of times and it's crazy to see how gas is an entire dollar more at the beach than it is in Miami — so I just won't get gas in Miami Beach. Just in case I don't stay in Florida forever, I'm going to go to the beach as much as I can.

Persons: —, Derek Edwards, I'm, COVID, Messi, Lionel Messi, Rich Storry, It's, Edwards, that's, I've Organizations: Service, Business, Denver, University of Wisconsin, Miami, Inter Miami, Nashville SC, New, Getty, Foods, Miami I'm Locations: Denver, Miami, —, Edwards, Wisconsin, Wausau, Colorado, La Crosse, Haiti, Jamaica, Fort Lauderdale, Caribbean, New York City, Haitian, Anadolu, Philadelphia, Miami Gardens, Miami Beach, Florida

☆ Marketing is the "voice of the client back to the business" says PwC's Antonia Wade
▼ + stars: | 2024-06-25 | by ( Julia Hood | ) www.businessinsider.com time to read: 1 min

☆ London’s Kew Gardens Has Long Links to Japan. Now the Emperor Is Set to Visit.
▼ + stars: | 2024-06-25 | by ( Megan Specia | ) www.nytimes.com time to read: +1 min

When Emperor Naruhito and his wife, Empress Masako, of Japan visit Kew Gardens on Thursday as part of a state visit to Britain, the links between their island nation and the famed London landmark will be on full display. Dotted through the botanic gardens’ 330 acres are constant reminders of that longstanding relationship. Nearby, gravel neatly raked into waves and swirls surrounded by Japanese plant species evokes a traditional tea garden. Dignitaries and heads of state from many countries regularly stop by Kew Gardens during official tours, joining the crowds that account for roughly 2.3 million visits annually at one of London’s most popular tourist destinations. But, for the emperor and empress, the site will perhaps hold even more relevance.

Persons: Emperor Naruhito, Masako Organizations: Kew, Kew Gardens Locations: Japan, Britain, London, Japanese, Kyoto

☆ 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

☆ 'House of the Dragon' Blood actor says he was 'totally up for' his character experiencing 'epic amounts of torture' like in the book
▼ + stars: | 2024-06-25 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +1 min

Sam C. Wilson played Blood in "House of the Dragon" season two. He told Business Insider he was "totally up for" Blood experiencing "epic amounts of torture" like in the book. Advertisement"House of the Dragon" actor Sam C. Wilson told Business Insider that he was "totally up for" his character Blood experiencing "epic amounts of torture" like he does in the book the show is based on. The final sequence of the episode sees two mercenaries, Blood (Wilson) and Cheese (Mark Stobbart) sneak into the Red Keep in King's Landing and brutally murder a Targaryen child. This story is available exclusively to Business Insider subscribers.

Persons: Sam C, Wilson, Cheese, —, what's, Stobbart Organizations: Service, Business

☆ This stock is 'one of the cheapest ways' to play India's infrastructure boom, fund manager says
▼ + stars: | 2024-06-25 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Causeway Capital Management's Arjun Jayaraman is bullish on one pure-play infrastructure stock: REC , a company which issues loans to power utilities and to other infrastructure. "It is one of the cheapest ways to play infrastructure," the portfolio manager told CNBC Pro Talks last week. Jayaraman manages Causeway's Emerging Markets Fund and International Opportunities Fund . Though he called the Indian market a "very strong growth story," he said he would focus on its small- to mid-cap segment. "Since India is a strong secular growth market, we would say the mid and small-cap [market] is the place to be.

Persons: Arjun Jayaraman, Jayaraman, Narendra Modi Organizations: Investments, CNBC, International, REC, Markets Fund, Fund Locations: India, bullish

☆ How Delta made itself America's luxury airline — and what United wants to do about it
▼ + stars: | 2024-06-25 | by ( Leslie Josephs | ) www.cnbc.com time to read: +16 min

Rival United Airlines — second to Delta in net profit margins — is circling. Delta plans to open Delta One lounges in Boston and Los Angeles later this year, and is studying airports where it could open others. Like other airlines, Delta accepted billions in federal aid to weather the pandemic. Luxury air travel and the United States didn't go together for many years — and might not still, if you ask well-heeled globetrotters. And at Delta and other airlines, many of the perks for luxury flyers come through lounges.

Persons: Benoit Tessier, Ed Bastian's, Bastian, Ed Bastian, John F, Raymond James, Savanthi Syth, Andrew Nocella, Patrick Quayle, Quayle, Richard Anderson, Anderson, Delta, Barack Obama's, They're, Shai Weiss, Claude Roussel, Joe Biden, United States didn't, Henry Harteveldt, Scott Kirby Organizations: Airbus, Delta Air Lines, Reuters Delta Air Lines, Transportation Department, Rival United Airlines —, CNBC, Delta Air Lines Inc, Bloomberg, Getty, American Express, Kennedy International Airport, United, Boeing, U.S, Labor, Southwest Airlines, U.S ., JetBlue Airways, Delta, Corporate, Northwest Airlines, Endeavor, Virgin, American, Sky Club, New, LaGuardia, Etihad Airways, Singapore Airlines, Atmosphere Research, Airlines, Sky Clubs, Los Angeles International Airport, JFK, American Airlines, JPMorgan, Consumer Electronics, Starbucks Locations: punctuality, New York, Delta, Chicago, Boston, Los Angeles, Dubrovnik, Croatia, Amman, Jordan, Cape Town , South Africa, Atlanta, U.S, Queens, N.Y, United, Tokyo, York, United States, Las Vegas

Here's an update on the chart in a breakout shoemaker that is giving Nike a run for its money. In May, I wrote about On Holding AG (ONON) ahead of its earnings with a buy recommendation. You'll notice that the stock popped on the week of May 14th following the earnings report above the 2023 highs of $36.90. Looking at the valuation, NKE is trading about 26 times 2024 expected earnings and 25 times 2025 expected earnings. DECK is ranging from 10% to 20% revenue growth from the same period last year and ONON is running from 20% to 33% revenue growth.

Persons: NKE, outperformance, ONON, Roger Federer, Todd Gordon, Gordon Organizations: Nike, Holding, Inside Edge, CNBC, NBC UNIVERSAL

☆ Right-wing media figures are desperately pushing conspiracy theories about Biden ahead of the debate
▼ + stars: | 2024-06-25 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

CNN —Donald Trump’s allies in right-wing media have a problem ahead of CNN’s presidential debate: They’ve set the bar too low for President Joe Biden. That might sound like an exaggeration to those who don’t tune in to Fox News or listen to talk radio, but it has been a real and constant theme in the right-wing media universe. That’s a worry for right-wing media figures, which risk seeing their bogus narrative about Biden being ripped up in real time. One such claim boosted by Trump’s media allies is the conspiracy theory — which lacks any evidence — that the president will be on performance-enhancing supplements or drugs during the debate. While it is an absurd accusation, it is one MAGA Media is gleefully pushing, even attempting to do so on CNN’s own air.

Persons: CNN — Donald Trump’s, They’ve, Joe Biden, MAGA, Biden, That’s, Megyn Kelly, ” Kelly, Barack Obama’s, Trump, “, ” Trump, Jesse Watters, ”, Biden “, Sean Hannity, Jake Tapper, Dana Bash, Tapper, Kasie Hunt, Karoline Leavitt, Leavitt, Hunt, ” Hunt Organizations: CNN, MAGA Media, Fox News, Trump, Democratic Locations: Washington

☆ Today’s Teenagers Have Invented a Language That Captures the World Perfectly - The New York Times
▼ + stars: | 2024-06-25 | by ( Stephen Marche | ) www.nytimes.com time to read: +1 min

His slang has also offered me an accidental and useful portrait of how he and his generation see the world. The primary value of slang has been to create linguistic shibboleths, a way to differentiate yourself quickly from other people. My son’s generation has a vastly superior approach to slang. They’ve devised a language that responds to the new and distinct reality they face. My son’s slang reflects that: It’s a distinct language created for a society that’s characterized, online and off, by collapsing institutions, erosions in trust and a loss of faith in a shared sense of meaning.

Persons: I’m, I’ve, They’ve

☆ Why the stock market could surge 4% to record highs by the end of July
▼ + stars: | 2024-06-25 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

AdvertisementThe best days and weeks of the year for the stock market are around the corner. If history is a guide, that suggests the S&P 500 could surge 4% next month to record highs, according to Goldman Sachs. Goldman SachsWhat's more, recent market trends show that July as a whole has been incredibly bullish for the stock market. If similar seasonal trends play out this year, a near-4% gain would catapult the S&P 500 to a new record at 5,665 based on current levels. As to what could drive more bullish returns over the coming weeks, Rubner highlighted that a record cash pile of more than $7 trillion sitting in money market funds could soon flood the market.

Persons: Goldman Sachs, —, Scott Rubner, Rubner, NDX Organizations: Nasdaq, Service

☆ Special counsel defends investigators’ handling of Mar-a-Lago documents kept in ‘haphazard manner’ by Trump
▼ + stars: | 2024-06-25 | by ( Tierney Sneed | Holmes Lybrand | ) edition.cnn.com time to read: +4 min

Prosecutors, with several never-before-seen images and a 30-page filing, detailed the search process and ridiculed Trump’s legal arguments. A photo of a box taken by a filter agent during the August 2022 search of Mar-a-Lago. The prosecutors highlighted how investigators found boxes with their contents spilled on the floor, which they also illustrated with photos taken by investigators and by one of Trump’s co-defendants. “Against this backdrop of the haphazard manner in which Trump chose to maintain his boxes” Trump argues that the precise order of the contents “was critical to his defense,” prosecutors said, ridiculing the argument. To bolster their arguments, the prosecutors attached several new photos of the boxes, some of which were taken during the search.

Persons: Jack Smith, Donald Trump’s, “ Trump, Trump’s, Trump, Walt Nauta, ” Organizations: CNN, Prosecutors, Trump, Lago . Department of Justice, “ Locations: Mar

☆ Marketing leaders have to keep pace with the rapidly changing worlds of their customers says Elizabeth Rutledge, CMO of American Express
▼ + stars: | 2024-06-25 | by ( Julia Hood | ) www.businessinsider.com time to read: 1 min

☆ I tried the AI-powered dating app Rizz, which costs $20 a month and analyzes your texts to offer advice
▼ + stars: | 2024-06-25 | by ( Ana Altchek | ) www.businessinsider.com time to read: +5 min

Rizz, an AI-powered app that generates pickup lines and responses, now has a "Decode" feature that analyzes screenshots from your conversations. AdvertisementThe "Decode" feature often recommends meeting up. That limits the effectiveness of the "Decode" feature and suggestions for how to respond. Gemini has the option to upload screenshots so it provided the most similar type of service, but it was more thorough and offered a deeper analysis with action items. Character.AI doesn't offer the ability to upload screenshots, so instead I came up with an imaginary scenario and asked it how to respond.

Persons: —, Rizz, Roman Khaves, Khaves, I've, Rizz Khaves, hasn't, aren't, chatbot, Gemini Organizations: Service, Business

☆ Judge rolls back parts of Trump gag order ahead of sentencing in New York criminal case
▼ + stars: | 2024-06-25 | by ( Lauren Del Valle | Jeremy Herb | ) edition.cnn.com time to read: +5 min

Trump, however, cannot discuss any prosecutor, court staffer or their family members, according to a court order on Tuesday from Judge Juan Merchan that rolls back parts of the gag order imposed before the trial began. That aspect of the gag order remains in effect at least until his sentencing, which is set for July 11. Trump spokesperson Steven Cheung said in a statement that Merchan’s order “leaves in place portions of the unconstitutional gag order” and that Trump plans to appeal the ruling. Trump repeatedly complained about the gag order throughout the seven-week trial, arguing that witnesses, including Cohen, were taking advantage of the gag order to attack him when he couldn’t respond. In the filing, the Manhattan district attorney’s office said it did not oppose lifting the portion of the gag order that blocked Trump from making statements about witnesses.

Persons: Donald Trump’s, Michael Cohen, Stormy Daniels, Joe Biden, Trump, Juan Merchan, Merchan, Biden, Steven Cheung, ” Cheung, ” Trump, Cohen, Daniels, Donald, Donald’s, ” Merchan, “ Organizations: CNN, Trump, Democratic, “, New, Trump fixer Locations: Manhattan

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