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☆ A Tiny Circle of Advisers Helped Prod Macron to Take a Giant Risk
▼ + stars: | 2024-06-27 | by ( Roger Cohen | ) www.nytimes.com time to read: +1 min

His prime minister was among the last to know. That is how secretive, how confined to a small group of advisers President Emmanuel Macron’s shock decision to dissolve Parliament and call French legislative elections was. Gabriel Attal, 35, was a personal favorite, his wunderkind, when Mr. Macron named him prime minister in January. Mr. Macron’s style has always been intensely top-down, but this time he has played with the possibility of ushering in the once unthinkable in the form of a far-right government. A photograph posted by Mr. Macron’s official photographer on Instagram captured the dismay when, on June 9, Mr. Macron told his government of his decision.

Persons: Emmanuel Macron’s, Gabriel Attal, Macron, dumbfounded, Instagram, Attal, Darmanin Organizations: National Rally

☆ ‘Sugary food is a drug for me’: A growing number of children are addicted to ultraprocessed foods
▼ + stars: | 2024-06-27 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +16 min

“I really gravitated towards the sugary ultraprocessed foods — it was like a physical drive, I had to have it,” he said. While many people addicted to food will say that their symptoms began to worsen significantly in adolescence, some recall a childhood focused on ultraprocessed food. The Institute of Food Technologists, an association of food professionals and technologists, does not agree with the research on ultraprocessed food addiction. “Children who eat a lot of ultraprocessed foods could well be malnourished.”According to the International Food and Beverage Alliance, however, there is no clear, objective, reliable or scientifically validated definition for “ultraprocessed” food. “Each time I would pray, ‘Please be it, please make this the answer.’ But I would ultimately start binging on ultraprocessed foods,” Odwazny said.

Persons: Jeffrey Odwazny, “, ”, Ashley Gearhardt, Ann Arbor, Gearhardt, ” Gearhardt, David Wiss, Bryan Hitchcock, Rocco Renaldi, Odwazny, ” Odwazny, ‘, ’ ”, Jeffrey Odwazny “, “ I’ve, ” Wiss, Sugar, Alexandra DiFeliceantonio, DiFeliceantonio, salivates, Laura Oliverio, —, Kimberly Dennis, Dennis, ‘ That’s, Kimmy Organizations: CNN, Chicago, Yale, University of Michigan, National Survey, Los, The, Food Technologists, World Health, International Food and Beverage Alliance, Food and Agriculture Organization, United Nations, Virginia Tech, Center, Health, Nutrition, University of Illinois Chicago College of Medicine, “ Locations: United States, Ann, Los Angeles, Blacksburg, Chicago, ’

☆ Nike warns of guidance cut as it posts slowest annual sales gain in 14 years
▼ + stars: | 2024-06-27 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +3 min

Nike on Thursday reported its slowest annual sales growth in 14 years, excluding the Covid-19 pandemic, as the sneaker giant warned of "challenges" that led it to cut its current year outlook. For the fiscal fourth quarter, the company handily beat earnings estimates as its cost-cutting efforts continue to bear fruit, but Nike fell short on revenue estimates. In fiscal 2024, Nike posted sales of $51.36 billion, which is flat compared to the prior year. In Europe, Middle East and Africa, Nike posted revenue of $3.29 billion, compared to estimates of $3.32 billion. In Asia Pacific and Latin America, Nike saw $1.71 billion in sales, compared to estimates of $1.77 billion.

Persons: Matthew Friend Organizations: Nike, NIKE, LSEG, Asia Locations: Nice, France, China, North America, Europe, Middle East, Africa, America

☆ Khvicha Kvaratskhelia relishes ‘best day’ in Georgians’ lives after Euro 2024 upset – and gets prize of Ronaldo shirt
▼ + stars: | 2024-06-27 | by ( Ben Church | ) edition.cnn.com time to read: +4 min

“This is the best day in the lives of Georgians,” Kvaratskhelia told reporters after the game, per Reuters. But I think this is why we’re a strong team.”Cristiano Ronaldo shakes hands with Khvicha Kvaratskhelia as he was substituted off in the second half. Ronaldo encouragementVideos on social media showed the team’s excitement in the locker room, with Kvaratskhelia wearing Ronaldo’s shirt. Five-time Ballon d’Or winner Ronaldo had been frustrated for much of the match but had given his shirt to an emotional Kvaratskhelia following the defeat. The Napoli forward also spoke to his childhood hero before the match and said Ronaldo had wished him luck.

Persons: CNN —, Cristiano Ronaldo, Georges Mikautadze, ” Kvaratskhelia, ” Cristiano Ronaldo, Khvicha Kvaratskhelia, Kevin C, Cox, David Webb, “, Willy Sagnol’s, Webb, ” Webb, Ronaldo, Ballon d’Or, Kvaratskhelia, ”, “ We’ve Organizations: CNN, Crusaders, Portugal, Reuters, CNN Sport, – Wales, Napoli, Georgian Locations: Georgia, Kvaratskhelia, Gelsenkirchen ., Tbilisi, Portugal, Wales, Iceland, Spain

☆ Figma CEO says it is 'eating cost' of AI upgrade for customers in 2024
▼ + stars: | 2024-06-27 | by ( Kaya Ginsky | ) www.cnbc.com time to read: +2 min

As design firm Figma rolls out its first major AI upgrade for its platform, CEO and co-founder Dylan Field is taking no chances with customers amid steep AI adoption and demand curves and consumer hype. Figma is paying the cost of the AI upgrade for now instead of attempting to charge customers. "We're gonna eat the cost for 2024, because we don't know how people are going to use the features yet. Figma's UI3 redesign, released in limited beta on June 26 with a waitlist for additional users, includes a new toolbox called "Figma AI." 6 on this year's CNBC Disruptor 50 list, while Figma ranked No.

Persons: Dylan Field, CNBC's Deirdre Bosa, Canva, Figma, we're Organizations: Figma, Adobe, CNBC, Google

☆ Bronny James picked up by the Lakers in second round of NBA draft
▼ + stars: | 2024-06-27 | by ( David K. Li | Rebecca Cohen | ) www.cnbc.com time to read: +2 min

Bronny James #0 of the Sierra Canyon Trailblazers is greeted by his father and NBA player LeBron James after defeating the the Perry Pumas in the Hoophall West tournament at Footprint Center on December 11, 2021 in Phoenix, Arizona. James was picked up by the Los Angeles Lakers, where he will join father LeBron James on the court next season, during the second round of the draft on Thursday. The first round of the NBA Draft came and went Wednesday night without Bronny James being called out at Barclays Center in Brooklyn. LeBron James has until Saturday to decide whether he wants to stay with the Lakers, where he's played since 2018-19. At the ancient basketball age of 39, Lebron James remarkably remains one of the game's most dynamic players.

Persons: Bronny James, LeBron James, James, he's, Dell, Steph Curry, Lebron James Organizations: NBA, Perry Pumas, Footprint Center, Los Angeles Lakers, Barclays Center, Lakers, University of Southern, USC, Southern Locations: Phoenix , Arizona, Brooklyn, University of Southern California

☆ IMF says Fed should hold interest rates where they are until 'at least' end of year
▼ + stars: | 2024-06-27 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

The Federal Reserve should wait to cut interest rates until "at least" the end of the year, according to the head of the International Monetary Fund. The U.S. is the only G20 economy to see growth above pre-pandemic levels, and "robust" growth indicates ongoing upside risks to inflation, the 190-country agency said. "We do recognize important upside risks," IMF Managing Director Kristalina Georgieva said at a press briefing on Thursday. "Given those risks, we agree that the Fed should keep policy rates at current levels until at least late 2024." The Fed's current fed funds rate has stood within the range of 5.25% to 5.50% since July 2023.

Persons: Kristalina Georgieva, Georgieva Organizations: International Monetary Fund, The, IMF Locations: The U.S, U.S

And they were everywhere, although, naturally, New York City was a magnet, as it has always been for L.G.B.T.Q.+ people looking for a place in which they can be themselves. New York City was where you lost your soul, and we wanted to be closer to the earth. I wore an eight-and-a-half-foot-tall Statue of Liberty costume to the Easter Parade in New York City, and Kirsten came along with me. By the time I turned 30, I’d been telling people I was older for years, because I’m not the type to bemoan the loss of my youth. Going to New York felt like this moment of emerging to a wider audience, and then I started to travel a lot.

Persons: André De Shields, Lady Bunny, Michael R, Jackson, Juliana Huxtable, Wong, J.D, Samson, Pat Oleszko, it’s, —, John Rechy, ”, Danez Smith, Trump, he’d, “, Jenna Lyons, Avram Finkelstein, Joe Mantello, …, Catherine Opie, you’re, Willie Norris, “ I’d, It’s, you’ve, ” — Mark Harris Read, De Shields, Justin French, Chuck Ashley, Anthony Cotsifas, William F, Robert O’Hara’s, Hermes, — Max Berlinger Jenna Lyons, Antonio Lopez, Jenna Lyons’s, Grace Jones ”, Juan Ramos, Antonio Lopez’s, Grace Jones, Tina Chow, Marisa Berenson, Pam Anderson, That’s, — Jason Chen Jayne County, Jayne County, Gus Stewart, Billy Idol, Wayne County, — M.B, Bill T, Jones, Arnie, Arnie Zane, Zane, Keith Haring, Lois Greenfield, Jack Mitchell, Peggy Jarrell Kaplan, Gertrude Stein, Alice B, we’d, Bill, Arnie ”, I’m, — Juan, Norris, Yael Malka, Tomas Abad, West, Black, I’d, — Colleen Hamilton B.D, New York’s Eugene, . Wong, David Henry Hwang’s, Richie, wasn’t, Wayne Barker, — John Wogan Edmund White, Edmund White, Horatio, Leonard Fink’s “, Barbara Confino, Leonard Fink, Joseph Rodriguez, Bleecker, You’d, Gosh, Michael Snyder Pat Oleszko, Chichi, Kirsten, who’d, she’d, — C.H, Brian Michael Smith, Gay, Smith, Kiki Ball, Josue Infante, Skyler Cruz, Jamison, — J.A.R, Agnes Denes’s “, Don Yowell, Finkelstein, Agnes Denes, Leslie Tonkonow, Don, Agnes Denes’s, JD Samson, Sia, Mark Hunter, Anthony Cotsifas I’d, Johanna Fateman, Tigre, Michael O’Neill, Obama, might’ve, — Kate Guadagnino Kristen Kish, Kish, Suzanne Kreiter, David Moir, Bravo, isn’t, — J.W, Stephen Spinella, Mantello, Joan Marcus, Photofest, Tony Kushner’s, Louis Ironson, Milton Glaser, he’s, David, Marshall Grant, Joe Pitt, Walter, Awards, Stephen, ” —, Freedia, Devon Hurst, Sissy Nobby, Barack Obama’s, Lyle Ashton Harris, Big, Bounce, ” — M.B, Thom Browne, Browne, Los Angeles’s Chateau Marmont, Malcolm Venville, Paul Fortune, Michèle Lamy —, — J.C, Catherine Opie’s “, Opie, Ian, Lehmann Maupin, Eileen Myles, Jenny Shimizu, I’ve, Nicole Acheampong Danez Smith, Juan Cordero, ” Womp, They’d, hookups, Who’s, We’ve, You’re, J.A.R, Linda Simpson, India, Little Louie Vega, who’s, — K.G, Alexander Chee, Alexander Chee’s, Marguerite Duras’s “, Jeongneung, King Jungjong, Eric McNatt, Chris Chee, — M.S, Sam Jay, Jay, Jonah, Kumail ”, hadn’t, K.G, Phillip Lim, Lim, Tourmaline, Sylvia Rivera, Luce Capco Lincoln, York’s, We’d, Marsha P, John Cameron Mitchell, Larry Kramer, Mitchell’s, Mitchell, Martha Swope, Billy Rose, Mark Tusk, ” Kramer’s, Larry, Ned Weeks, Ned, “ Hedwig, J.W, Joerg Lohse, Reena, there’s, Matt Bomer, Bomer, Simon Halls, Neal Caffrey, Tony Kushner, Terrence McNally —, — I’d, Hollywood, Wu Tsang, Neil Rasmus, Wildness, ’, Wildness ”, Roxane Gay, Mueller, Brandon Williams, Donna Gottschalk, Donna Gottschalk’s “, Duchess, Galerie Marcelle Alix, goddamn, Coco Romack Michael R, Aaron Kinney, Nova, “ I’m, Bob Damron’s, Sgt, Shirley, Waldorf, Harold’s, Jean ] Genet, Marcel, Proust Organizations: Pride, Stonewall, West, America’s, ACT UP, San, Playwrights Horizons, Odeon, New York’s TriBeCa, Electric, Getty, Police, Billy, New York Live Arts, Keith Haring Foundation, BAM Hamm, Liberation, Brooklyn Liberation, Brooklyn Museum, Fort, New York’s, New York’s Eugene O’Neill Theatre, Broadway, Equity, LGBT Community Center, Fulbright, Mudd, New, Bisexual, Transgender Community, Center, Transgender Community Center, “, Maxwell, Museum School, Farmers, Seattle, Boston Globe, Travel, New York Times, Rancho Mirage, Gay, Caesar’s, FEMA, Yale, York’s Webster Hall, Masters, Records, Pyramid, Work, ACT, Carpenters, Seymour, Edinburgh, Atlanta —, Ninja, Huntington, New York, Lesbian, Equal, Billy Rose Theatre Division, The New York Public Library, The New York Times, USA, Children’s Hospital of Los, MoMA, Whitney Biennial, University of Nebraska, Alamy, HarperCollins, of Engineering, Google, Division, Astor, Tilden Foundations, Pershing, University of Southern, Pershing Square Locations: New York, Berlin, “, America, San Francisco, Baltimore, New York’s, New York City, California, Atlanta, Europe, Wayne County, Dortmund, Germany, London, Amsterdam, Rotterdam, Rockland County, N.Y, ’, I’m, Brooklyn, West Dakota, Fort Greene, New, Leonard Fink’s “ Bars, Street, Rome, —, Aspen, Colo, Copenhagen, Danish, Peru, Los Angeles, Agnes Denes’s “ Wheatfield, Downtown Manhattan, North Moore, TriBeCa, Hoboken, N.J, Lower Manhattan, Manhattan, Boston, Williamsburg , Brooklyn, Vinnie’s, Bedford, Austin , Texas, Copley, Menton, Asian American, York, New Orleans, Houston, Los Angeles’s, L.A, Hong Kong, Seoul, Casa, Koreatown, Minneapolis, Grindr, East, India, Wigstock, Tompkins, Vershire, Chee, Iowa, Huntington Beach, Chelsea, Barneys, Madison, Miami, New York State, Washington, The, LA, Silver Lake, Missouri, Children’s Hospital of Los Angeles, Zurich, Central, American, Westlake, Los Angeles and New York, Lincoln, Alphabet City , New York, Lenox, United States, University of Southern California, Downtown Los Angeles

☆ Watch Thursday's full episode of the Halftime Report — June 27, 2024
▼ + stars: | 2024-06-27 | 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 EmailWatch Thursday's full episode of the Halftime Report — June 27, 2024"Fast Money Halftime Report" is on the front lines of CNBC's market coverage. Host CNBC's Scott Wapner and the Street's top investors get to the heart of the action as it's happening and help set the agenda for the rest of the day. Watch today's full episode on CNBC PRO.

Persons: CNBC's Scott Wapner Organizations: CNBC PRO

☆ Purdue Opioid Settlement on Verge of Collapse After Supreme Court Ruling
▼ + stars: | 2024-06-27 | by ( Jan Hoffman | ) www.nytimes.com time to read: +1 min

The hard-fought settlement of thousands of lawsuits against Purdue Pharma was close to capsizing on Thursday, after the Supreme Court rejected liability protections for the company’s owners. The ruling effectively prevents the release of billions of dollars that could help alleviate the ravages of opioid addiction. The future of the cases, some of which are a decade old, is now in limbo, as states, local governments, tribes and more than 100,000 individuals who sued the company, best-known for its prescription painkiller OxyContin, figure out next moves. The court effectively upended the settlement by striking down a provision that Purdue’s owners, members of the billionaire Sackler family, had insisted upon: immunity from all current and future opioid lawsuits in return for payments of up to $6 billion to plaintiffs. In a statement, Purdue called the decision “heart-crushing,” because the settlement had been agreed to by an overwhelming majority of plaintiffs.

Persons: Sackler Organizations: Purdue Pharma, Purdue Locations: capsizing

☆ Spending on a wedding gift? 'You don't need to break the bank to show your love and support,' says founder of Her First 100k
▼ + stars: | 2024-06-27 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +1 min

Being in a bridal party is a notoriously expensive assignment. Not including a present, bridesmaids spend, on average, more than $1,600 being in a wedding, according to 2024 data from The Knot. This includes paying for a bachelorette party, bridesmaids dress, and engagement party gift. After enduring this cornucopia of expenses, the expectation to also purchase the newlyweds a wedding present seems excessive to me. But that doesn't mean you have to spend a ton on a wedding present, she says.

Persons: bridesmaids, Jen Glantz

☆ A California DA is 'disappointed' that doctor who drove a Tesla carrying his family off a cliff gets mental health diversion instead of a trial
▼ + stars: | 2024-06-27 | by ( Natalie Musumeci | ) 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. A San Mateo County judge on June 20 granted Dharmesh Patel's request to participate in a mental health diversion program, which would allow him to avoid a trial on charges of attempted murder. AdvertisementThe ability to participate in diversion programs — for juveniles, veterans, or defendants struggling with mental health diagnoses or substance abuse struggles — is an increasingly popular alternative to jail sentences across the US. Wagstaffe told BI the charges against Patel have now been suspended and if he successfully completes the two years of the diversion program, the charges would be automatically dismissed. Under California law, defendants are ineligible for the diversion program if they have been charged with other offenses, including murder, involuntary manslaughter, and rape."

Persons: —, Tesla, Dharmesh, Steve Wagstaffe, Patel, Susan Jakubowski's, Jakubowski, Wagstaffe, Gavin Newsom Organizations: Service, Business, GPS, California Legislature Locations: California, Mateo County, San Mateo County, Northern California

☆ Founder of Google's Innovation Lab: Here's the most important lesson I taught there
▼ + stars: | 2024-06-27 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +5 min

A former Stanford University adjunct professor of design thinking, Pferdt worked at Google for 12 years, serving as its first-ever "chief innovation evangelist." "Everybody talks about innovation, and you could obviously see a lot of innovation happening. To spot future opportunities, you have to embrace the unknown by thinking optimistically to find potential good in a new, possibly even scary, situation. To spot future opportunities, you have to embrace the unknown by thinking optimistically to find potential good in a new, possibly even scary, situation. Compulsive curiosity: Pferdt's own curiosity inspired him to find out how he could help streamline innovation at Google.

Persons: Frederik Pferdt, Pferdt, optimistically, — Organizations: Google, Stanford University, CNBC

☆ Pentagon and USAID launch oversight reviews of US pier and humanitarian aid for Gaza amid repeated challenges
▼ + stars: | 2024-06-27 | by ( Haley Britzky | ) edition.cnn.com time to read: +3 min

The Defense Department IG will look specifically at the “effectiveness of DoD’s efforts to facilitate the delivery of humanitarian aid to Gaza through the maritime corridor,” a press release on Thursday, announcing the effort, said. The pier — called the Joint Logistics Over The Shore, or JLOTS — was first established on the Gaza coast in May. WFP has had their distribution of aid from the pier paused for more than two weeks as they assess the security situation on the ground. Meanwhile, the humanitarian situation in Gaza has only grown more dire as the war between Israel and Hamas continues. “Given this, the DoD OIG and USAID OIG are working together to address the challenges associated with this mission.

Persons: —, “, Robert P, Storch, Paul K, Martin Organizations: CNN, Pentagon, USAID, General, The Defense, The, WFP, Integrated, DoD, DoD OIG, USAID OIG Locations: Gaza, Israel, “

☆ Opinion | The Causes of Jamaal Bowman’s Undoing
▼ + stars: | 2024-06-27 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “A Progressive’s Loss Signals a Shift to the Center” (front page, June 27):Notwithstanding the penchant for handicapping that permeates the article, Jamaal Bowman’s landslide loss tells us nothing about the future of “the left” or the “Squad” (scare quotes). Not only did Mr. What the article does tell us, and it’s not rocket science, is that Democrats need to be running moderates in moderate districts and progressives in progressive districts if we want to take back the House. There’s plenty of time to argue after we replace the current clown show. Michael K. CantwellDelray Beach, Fla.To the Editor:You offer needlessly complex reasons for why and how Jamaal Bowman lost his seat in Congress, ranging from broad shifts in the electorate away from progressive ideologies to differences in organizational skill and campaign spending between groups like Justice Democrats and the American Israel Public Affairs Committee, or AIPAC.

Persons: Jamaal Bowman’s, Bowman, Michael K, Cantwell, Jamaal Bowman Organizations: Justice Democrats, American Israel Public Affairs Committee Locations: Beach, Fla

☆ The housing market is ‘stuck’ until at least 2026, Bank of America warns
▼ + stars: | 2024-06-27 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

Economists at Bank of America warned this week that the US housing market is “stuck and we are not convinced it will become unstuck” until 2026 — or later. And mortgage rates may not fall much — even if the Federal Reserve finally delivers long-delayed interest rate cuts. There isn’t a magic fix,” Michael Gapen, head of US economics at Bank of America, told CNN in a phone interview. However, Bank of America expects housing starts — which is a measure of newly constructed homes — to remain flat for the coming years. Divide between haves and have-notsThe forecast for a “stuck” housing market cuts both ways.

Persons: unstuck, —, Michael Gapen, “ It’s, ”, ‘, Dave Liniger, ” Liniger, Liniger, “ Don’t Organizations: New, New York CNN, Bank of America, Federal Reserve, CNN, ”, ” Bank of America, Gallup Locations: New York, America

☆ US stockpiles of the rare earth minerals it would need to fight a war against an adversary like China are a mystery, and experts warn it's a problem
▼ + stars: | 2024-06-27 | by ( Kelsey Baker | ) www.businessinsider.com time to read: +8 min

Part of the military's mission at home is to keep stockpiles of goods like critical minerals on hand for emergency wartime use. In the dark on the stockpileAlthough the name suggests otherwise, rare earth minerals are not exactly rare — in fact, they're relatively plentiful. The Biden administration began cutting American imports of Chinese rare earth minerals a few years ago in an effort to decrease US reliance on China for critical minerals. Submarines, fighter aircraft, magnets used in missiles, radar systems, and drones all require critical earth minerals for manufacturing. AdvertisementA past report for Congress on rare earth minerals for national defense, for instance, noted that a single Virginia-class submarine requires 9,200 pounds of rare earth minerals, while an Arleigh Burke-class destroyer requires 5,200 pounds.

Persons: —, Biden, Lockheed Martin, Gregory Wischer, Wischer, Arleigh Burke, Halsey, Sampson, Chris Williamson Fabian Villalobos, Locke Organizations: Service, Business, Pentagon, Lockheed, Getty, Gratia, Defense Logistics Agency, of, Department of Defense, Defense Industrial Strategy, . US, Pacific, DoD, Materials, Lynas, Joint Base, Hickam . US Navy, RAND Corporation, National Defense, NDS, Industrial Base Locations: China, Fort Worth, Virginia, Arabian, Japan, South Korea, United States, California, Lynas USA, Texas, Vermont, Hickam

☆ NBC's decision to use an AI version of a 'very much alive' sportscaster during the Olympics is making people nervous
▼ + stars: | 2024-06-27 | by ( Katie Balevic | ) www.businessinsider.com time to read: +1 min

NBC will use an AI version of Al Michaels to cover the Paris Olympics this summer. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe Summer Olympics in Paris will feature an element of artificial intelligence. NBC, the network carrying the Summer Olympics next month, is home to several sportscasting legends who grace American televisions every few years for the Olympic games. This year, NBC is creating an AI version of Al Michaels, one of those acclaimed reporters.

Persons: Al Michaels, Michaels, — Organizations: NBC, Service, Business Locations: Paris

☆ The 'worst moment' of Sam Altman's OpenAI ousting happened just before midnight, Airbnb CEO said
▼ + stars: | 2024-06-27 | by ( Ana Altchek | ) www.businessinsider.com time to read: +1 min

Airbnb CEO Brian Chesky said the "worst moment" of Sam Altman's ousting happened around midnight. Chesky said Altman expected to get reinstated but OpenAI then announced Emmett Shear as CEO. Altman planned to go to Microsoft but Chesky said his friendship with Shear helped open a dialogue. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But the hardest moment happened at midnight about two days in, according to an interview with Airbnb CEO Brian Chesky on CNBC.

Persons: Brian Chesky, Sam Altman's, Chesky, Altman, OpenAI, Emmett Shear, Shear, —, Sam Altman Organizations: Microsoft, Service, CNBC, Business Locations: OpenAI

☆ Webtoon Entertainment prices U.S. IPO at top of range to raise about $315 million
▼ + stars: | 2024-06-27 | by ( ) www.cnbc.com time to read: 1 min

Webtoon Entertainment has priced its initial public offering (IPO) at the top of its indicated range, seeking to raise about $315 million, the online comics platform said on Wednesday. Webtoon Entertainment has priced its initial public offering (IPO) at the top of its indicated range, seeking to raise about $315 million, the online comics platform said on Wednesday. The company, majority-owned by South Korean tech giant Naver , priced its 15 million shares at $21 apiece, and had marketed the range of $18 to $21. Goldman Sachs, Morgan Stanley, J.P. Morgan Securities and Evercore Group are the lead underwriters for the IPO. Webtoon was founded in 2005 as a side project of CEO Junkoo Kim while he was working as a search engineer at Naver.

Persons: Goldman Sachs, Morgan Stanley, J.P, Webtoon, Junkoo Kim Organizations: Webtoon, South, Morgan Securities, Evercore, underwriters Locations: South Korean, Angeles , California

CNN —Roba Abu Jibba looked shell-shocked as the doctor delivered his news: She couldn’t have the operation she desperately wanted. “I came here, and now they said I won’t be able to get a prosthetic,” she told CNN between sobs. The Israeli military told CNN they carried out “a precise strike” after their troops came under fire from that location. Looking back at that night, Abu Jibba told CNN that she blamed both Israel and Palestinian militants for what happened to her family. Her aunt who accompanied her to Qatar told CNN the young woman now prefers solitude, and rarely goes outside.

Persons: Roba Abu Jibba, “, ”, ” Abu Jibba, Abu Jibba, Mohammed, ’ ”, Gazans, CNN “, “ I’m, there’s Organizations: CNN, sobs, Israel Defense Forces, Palestinian, Qatar, Ministry of Health, Hamas, Research, Nurses Locations: Gaza, Doha, Qatari, Israel, Qatar, Gaza City, Rafah, Egypt, “

☆ Stock futures are little changed as investors await inflation data with end of second quarter looming: Live updates
▼ + stars: | 2024-06-27 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Stock futures are near flat Thursday night as traders await closely followed inflation data. Dow Jones Industrial Average futures slipped 36 points, or 0.1%. S&P 500 futures ticked up 0.1%, while Nasdaq 100 futures added 0.2%. In after-hours action, Nike shares slipped more than 12% after the athletic retailer cut its full-year guidance. Excluding volatile food and energy prices, the core PCE is forecast to come in 0.1% higher on the month and 2.6% on an annualized basis.

Persons: Foot Locker Organizations: New York Stock Exchange, Stock, Dow Jones Industrial, Nasdaq, Nike, PCE, Dow, Federal, Fed

☆ Critics say 'The Bear' season 3 is 'uneven' and 'stuck' — but it's still one of the best shows on TV
▼ + stars: | 2024-06-27 | by ( Olivia Singh | ) www.businessinsider.com time to read: +1 min

The 10-episode third season of FX's "The Bear" was released in full Wednesday night. The new episodes pick up immediately after the events of the season 2 finale. Most critics agree that the series is still one of the best on TV, but season 3 is flawed. AdvertisementThe reviews are in for season three of FX's "The Bear," and critics are torn. The new episodes pick up immediately after the events of the season two finale.

Persons: —, Christopher Storer, Chef Carmen Berzatto, Jeremy Allen White, Carmy Organizations: Service, Business Locations: Chicagoland

☆ EToro surveyed 10,000 retail investors to see what's in their portfolios. Here's the breakdown of how they're betting on cash, crypto, and their top 3 stock-market sectors.
▼ + stars: | 2024-06-27 | by ( Christine Ji | ) www.businessinsider.com time to read: +4 min

EToro surveyed 10,000 retail investors in 12 countries to see what they're holding in their portfolios, collecting data from the period of May 15 to June 5, 2024. Thirty-eight percent and 32% of retail investors in these countries, respectively, own cryptocurrency, compared to 27% in the US. Top stock market picksEquities remain popular among retail investors, coming in second only to cash. Unsurprisingly, technology was a top pick for retail investors eager to take advantage of the tech-driven market rally of this year. Other areas of interest include real estate, communications, and healthcare, with 30% or more of retail investors indicating that they were invested in these sectors.

Persons: —, eToro, Cash, Sam North, Cryptocurrency Organizations: Service, Business, ECB Locations: EToro, Spain, Germany

☆ Zaccharie Risacher: Who is the No. 1 overall pick in the 2024 NBA Draft?
▼ + stars: | 2024-06-27 | by ( Ben Morse | ) edition.cnn.com time to read: +4 min

Risacher was selected by the Atlanta Hawks with the first overall pick in the 2024 NBA Draft on Wednesday, making history in the process. The selection of the 19-year-old small forward means that for the first time in modern NBA Draft history, the No. His father, Stéphane, was part of the French team which won the silver medal in the men’s basketball competition at the 2000 Olympics Games in Sydney. 1 overall pick was but a dream for Atlanta by the end of last season as the team only had a 3% chance of landing the top pick in the lottery. He’s a versatile defender, a really good shooter and a high-IQ type player,” Hawks general manager Landry Fields said about the Risacher pick.

Persons: Victor Wembanyama, Risacher, Stéphane, Wembanyama, ” C’est, Bo u, ince, Johns, y McKie, sid e, Kell, ike, ady to do Organizations: CNN, Atlanta Hawks, ASVEL, Atlanta, Wembanyama, San Antonio Spurs Locations: Spain, France, Georgia, Málaga, Lyon, Sydney

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