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☆ Katy Perry's new album is called '143.' Here's everything we know so far.
▼ + stars: | 2024-07-10 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +5 min

"143" will be Perry's sixth major-label release — seventh overall, including her sparsely heard debut "Katy Hudson," a Christian music album released in 2001. JULY 11TH4PM PT pic.twitter.com/88z73jzWtP — KATY PERRY (@katyperry) July 9, 2024"'143' IS A PARTY AND THE WORLD IS INVITED!" AdvertisementHowever, Perry has not worked with Dr. Luke since he was sued by Kesha, his former teen protégé, in 2014. Kesha accused Dr. Luke, whose real name is Lukasz Gottwald, of sexual, physical, and emotional abuse . Dr. Luke, Katy Perry, and Cirkut at the 2014 Grammys.

Persons: —, Katy Perry, Perry, 5nOz1xojRD, KATY PERRY, hasn't, Katy Hudson, Perry belting, WE AIN’T, Luke, Max Martin, Stone, Martin, Kesha, Lukasz Gottwald, countersued, Luke's, Adele, Halsey, Lady Gaga, Taylor Swift, Lester Cohen, Katy, Sarah Hudson, Vaughn Oliver, Rocco Valdes, Theron Thomas, Oliver, Gottwald, Nicki Minaj's, Valdes —, Rocco, Doja Cat, Kim Petras, Minaj, Thomas, Usher Organizations: Service, Capitol Records, Business, Kemosabe Records, Kemosabe Locations: @katyperry

☆ Hollywood theater owners are worried a Paramount-Skydance merger will usher in too much consolidation
▼ + stars: | 2024-07-08 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

More consolidation, more problems — that's the latest fear gripping the theatrical industry. After a monthslong negotiation process, Paramount and Skydance have struck a merger agreement. Namely, that continued consolidation in the industry will exacerbate production woes that have led to fewer film releases in recent years. Skydance founder David Ellison during an investor call Monday touted that Paramount and Skydance have produced 30 feature films together. However, each company has other producing partners, and it is unclear how this merger could affect production going forward.

Persons: —, Michael O'Leary, David Ellison, Shawn Robbins, Paul Dergarabedian Organizations: Paramount, National Association of Theatre Owners, NATO, Disney, Century Fox

☆ Fun or frightening? A brief history of Olympic mascot design
▼ + stars: | 2024-07-08 | by ( Leah Dolan | ) edition.cnn.com time to read: +7 min

Stephane De Sakutin/AFP/Getty Images Merchandise featuring Beijing mascot Bing Dwen Dwen, the 2022 Winter Olympics mascot, has been extremely popular. MARTIN BERNETTI/AFP/AFP via Getty Images Rio 2016 Olympic mascot Vinicius was selected four years before the Games kicked off. Rudi Blaha/AP Syd the platypus, Millie the echidna and Olly the kookaburra, helped represent the Sydney 2000 Olympic Games. Amicar de Leon/AP The Albertville Olympic Games in 1992 was cheered on by a star-shaped gnome-looking character. International Olympic Committee In pictures: Olympic Mascot History Prev NextTo find a worthy representative, each host country will typically organize a submission call-out or contest.

Persons: snowmen, Aline Lafargue, “, Lafargue, Stephane De Sakutin, Bing Dwen Dwen, Lintao Zhang, Maja Hitij, MARTIN BERNETTI, Vinicius, Alex Ferro, Andrej Isakovic, Mo Farah, Adrian Dennis, Jeff Vinnick, Amy Sancetta, Michael Sohn, Rudi Blaha, Syd, Olly, Claro, Eric Draper, Izzy Whatizit, Ross Kinnaird, Michel Euler, Amicar de Leon, Nicolas Le Corre, David Cannon, Sam, Eagle, Tony Duffy, Howdy, Dieter Endlicher, Misha, Armin Weigel, AP Shuss, Iris, ”, Millie Organizations: CNN, Olympic Games, International Olympic Committee, Grenoble Winter, Getty, Tokyo, Games, Reuters, Sochi, Getty Images Beijing, Winter Games, Sydney, Lillehammer Games, Albertville Olympic, Disney, International Olympic, Moscow's, AP, Dachshund, Olympics, Olympic, International, Sochi Winter Games, Angeles Summer, London Games, Soyuz Locations: France, Paris, AFP, Beijing, Vancouver, Canada, China, Turin, Italy, Athens, Salt Lake, Snowbasin , Utah, Claro Cortes, Japan, EMPICS, Barcelona, Barcelona's Port, South Korea, Sarajevo's Yugoslavia, Calgary , Alberta, Lake Placid, Munich, Innsbruck, Kitzbuhel, Austria, Algonquin, Russia, Sydney, Australia

☆ Developments in Gaza ceasefire talks raise hopes but challenges persist. Here’s what to know
▼ + stars: | 2024-07-08 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +9 min

Last week, a US official told CNN that a framework agreement is “in place” and talks resumed Friday in Doha. Hatem Khaled/ReutersOn Thursday, a senior US administration told CNN that the framework for a deal is “now in place,” following a call between Biden and Netanyahu. Hamas has long demanded that Israel agree to a permanent ceasefire before signing any deal, which Israel has so far refused. Netanyahu also said there will be “no return of thousands of armed terrorists to the northern Gaza Strip,” the statement said. “If the Americans are still optimistic (after Netanyahu’s Sunday statement), then they are really living in La La land,” Baskin told CNN.

Persons: ”, ” Israel, Israel, ” Gershon Baskin, Baskin, Joe Biden, “, who’ve, Khan Younis, Hatem Khaled, Biden, Netanyahu, –, Donald Trump, Yair Lapid, ” Lapid, Benjamin Netanyahu's, Ilan Rosenberg, Reuters Baskin, ” Baskin Organizations: CNN, Hamas, Reuters, Sunday, Trump, “ Locations: Israel, Palestinian, Gaza, Doha, Cairo, ”, Egypt, Israeli, Rafah, Jerusalem, La La

☆ France’s Snap Election Enters Its Final Hours
▼ + stars: | 2024-07-06 | by ( Aurelien Breeden | ) www.nytimes.com time to read: +1 min

Voters in France will cast ballots on Sunday in the final round of snap legislative elections. The results could force President Emmanuel Macron to govern alongside far-right opponents or usher in chronic political instability weeks before the Paris Summer Olympics. Most polls close at 6 p.m. local time on Sunday, or as late as 8 p.m. in larger cities. The first round of voting was dominated by the nationalist, anti-immigration National Rally party. An alliance of left-wing parties called the New Popular Front came in a strong second, while Mr. Macron’s party and its allies came in third.

Persons: Emmanuel Macron, Macron, Will Organizations: Paris, National Assembly, Rally Locations: France

CNN —Hamas is ready to reconsider its insistence that Israel commit to a permanent ceasefire in Gaza before signing an agreement that would usher in a temporary truce and begin a process to release hostages still held in Gaza, a senior Hamas official confirmed to CNN. The change in Hamas’ position was first reported by Reuters, and comes amid intensified efforts towards reaching an agreement. The group has long demanded Israel agree to a permanent ceasefire before signing any deal, terms Israel sees as unacceptable. Hamas would instead accept that talks on reaching a permanent ceasefire would take place throughout the first phase of any deal, which would last six weeks, the official told CNN. Efforts to reach a deal between Hamas and Israel have stalled for months.

Persons: Israel, ’, –, Netanyahu, David Barea, Netanyahu –, Israel won’t, Joe Biden Organizations: CNN, Hamas, Reuters, Minister’s Locations: Gaza, Israel, Qatar

CNN —An Israeli attack has killed at least 16 Palestinians and injured 50 others at UNRWA’s Al-Jaouni school sheltering displaced people in al-Nuseirat camp in central Gaza, the Palestinian Ministry of Health said on Saturday. A displaced man at the school told CNN children were among the injured. “We barely found this place in the school, but even the school is not safe.”CNN video shows several injured children arriving at a nearby hospital following the attack. The Israeli military said in a statement on Saturday militants were operating in structures located in the school area. UNRWA Communication Director Juliette Touma told CNN UNRWA does not have all the information yet, adding that half of UNRWA’s facilities in Gaza have been hit since October 7.

Persons: “, Juliette Touma, ”, Israel, Benjamin Netanyahu, Amir Levy, Menachem Begin, Netanyahu, Benny Gantz, Hamdi Alkhshali, Ibrahim Dahman Organizations: CNN, UNRWA’s, Palestinian Ministry of Health, Saturday, IDF, Israel Defense Forces, CNN UNRWA, Egyptian Foreign Ministry, ” Jordan’s Ministry of Foreign Affairs, Israeli, Tel Aviv’s Democracy, Tel, Protesters, Israel’s, Unity Locations: Israeli, al, Gaza, Tel Aviv, Tel Aviv’s

☆ As the E.V. Revolution Slows, Ferrari Enters the Race
▼ + stars: | 2024-07-06 | by ( Bernhard Warner | ) www.nytimes.com time to read: +1 min

Gliding on robotic haulers, a line of Ferrari frames maneuvers through a gleaming new factory in Northern Italy. At each station, engineers in cherry red uniforms add a component — an engine block, a dashboard, a steering wheel — as they transform the bodies into hybrid vehicles. The transition to electric vehicles, which was supposed to quickly usher in an era of climate-friendly transport, has instead been squeezed by costly investments and slowing global demand. Tesla reported declining second-quarter sales on Tuesday, and Ford Motor said in April that it would shift production to more hybrids as E.V. A growing trade war between China and the West also threatens to stifle growth.

Persons: Tesla Organizations: Mercedes, Benz, Lamborghini, Ford Motor Locations: Northern Italy, China

☆ Stocks, property, bonds, the pound: Here’s what a new Labour government means for investing in the UK
▼ + stars: | 2024-07-05 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +7 min

The Labour party's pledge, for example, to increase taxes on the compensation that private equity fund managers received raised a few eyebrows, and led to questions on what this could mean more broadly. In a note Friday, analysts at Jefferies said, despite concerns raised by a strong showing for the right-wing Reform UK Party, the Labour Party's U.K. election win would help make the U.K. appear "relatively stable." "A widely predicted Labour win in the UK could usher in an era of greater stability for the UK … which should help bolster investor sentiment towards the UK," she said. "U.K. bank stocks in the end are one of the biggest proxies for U.K. economic growth," he said. If results are as expected, attention will shift away from the U.K. election quickly, Shreyas Gopal, strategist, and Sanjay Raja, senior economist at Deutsche Bank, said in a note published Wednesday.

Persons: Vuk Valcic, hasn't, Jefferies, James McManus, Susannah Streeter, Hargreaves Lansdown, McManus, Liz Truss, Streeter, Richard Donnell, Nutmeg's McManus, CNBC's Silvia Amaro Friday, Mark Fielding, Fielding, Shreyas Gopal, Sanjay Raja, BoE, Francesco Pesole, Pesole Organizations: City of, Labour Party, Conservatives, U.S ., Labour, CNBC, Stock, Reform UK Party, Hargreaves, Deutsche Bank, ING, Bank of England, ECB Locations: Bishopsgate, City, City of London, London, France

☆ UBS executives break down how markets will react to a Biden or Trump presidency — and the 3 best investment strategies to hedge election risk
▼ + stars: | 2024-06-30 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

UBS executives covering fixed income and equity strategies outlined in a recent note four different scenarios come November: a blue sweep, a Biden presidency with a split Congress, a red sweep, and a Trump presidency with a split Congress. The two overwhelmingly likely outcomes would be a Biden presidency with a divided Congress (40%) and a Trump presidency with a Republican Congress (45%), per UBS. A Biden victory with a divided CongressA Biden presidency will likely usher in increased tax rates and regulatory oversight, UBS said. A Trump presidency combined with a Republican Congress would mean an extension of the current lower marginal tax rates, the bank said. While antitrust regulation will likely ease under Trump, he's hardly a Big Tech supporter: Trump sued Facebook, Google, and Twitter (now X) in 2021.

Persons: —, Biden, David Lefkowtiz, Trump's, Tom McLoughlin, UBS's, Lefkowitz, he's, Trump, Leslie Falconio, Goldman Sachs Organizations: Service, UBS, Biden, Trump, Republican Congress, Business, Nvidia, OpenAI, Big Tech, Republican, Republicans, Democrats, Facebook, Google, Twitter, World Gold, Trust

☆ BET Awards 2024: See who won
▼ + stars: | 2024-06-30 | by ( Dan Heching | ) edition.cnn.com time to read: +5 min

CNN —The BET Awards kicked off on Sunday night with an electric performance by the one and only Megan Thee Stallion. The event, hosted by Taraji P. Henson, celebrates the best in Black entertainment, across music, film, television and sports. Nicki Minaj follows closely with six nods, including album of the ear for “Pink Friday 2,” best female hip-hop artist two best collaboration nominations, one with Lil Uzi Vert on “Everybody” and another for “Barbie World” with Ice Spice and Aqua. Will Smith, Lauryn Hill and Childish Gambino are among the scheduled performers.. ET on Sunday on BET and BET.com.

Persons: Megan Thee Stallion, Taraji P, Henson, Drake, ”, J, Cole, “ Rich, Daddy, Nicki Minaj, Lil Uzi, “, Will Smith, Lauryn Hill, Childish Gambino, Usher, Chris Brown, Victoria Monét Michael, Mike Pink, Beyoncé Coco Jones, Muni, Brent Faiyaz Bryson Tiller, Chris Brown Drake, London Usher, Ty Dolla, Lil Wayne, FLO, Lil Durk, Cole “, Kendrick Lamar “, Megan Thee, Rich, Lola Brooke, Latto, Yung Miami, Uzi, Summer Walker, Savage, Daddy ”, Sexyy, Cardi, Gunna J, Cole Kendrick Lamar Lil Wayne, Cole “ Barbie, ” – Drake, ” – Usher, Monét, Boom Child, Cole Bennett Dave Meyers Janelle Monáe, Alan Ferguson, Tyler, 4Batz Ayra Starr, Dlow, BOBBY JONES, Shirley Caesar “, Kirk Franklin, Angel ”, Halle Bailey “, CeCe Winans, Erica Campbell, Naomi Raine, Chandler Moore, Jack Harlow “, Davido, Lojay, Aya Nakamura, Ayra Starr, Cleo Sol, Karol Conká, RAYE, Holly G, Seyi, Tasha Cobbs Leonard, Missy Elliott “ Hiss, Bob Marley, Beyoncé ”, Clarence ” “, Anthony Mackie Colman Domingo Damson Idris Denzel Washington Donald Glover Idris Elba Jeffrey Wright, Stanfield, Angela Bassett Ayo Edebiri Coco Jones Danielle Brooks Fantasia Halle Bailey Issa Rae Regina King YOUNGSTARS, Akira Akbar Blue Ivy Carter Demi Singleton, Diana Harris JaBria, Jalyn, Leah Jeffries Van Van, Wilson Angel Reese Coco Gauff Flau’jae Johnson Juju Watkins Naomi Osaka Sha’Carri Richardson Simone, Anthony Edwards Gervonta Davis Jalen Brunson, Irving LeBron James Patrick Mahomes Stephen Curry Organizations: CNN, BET, “, Spice, Kanye, BEST, OF, BOBBY JONES BEST, Maverick City, ACT, BK ’ Locations: London, Texas, Africa, France, Brazil, Tyla, Jungeli, Makhadzi

☆ Ryan Serhant wants to capture his bad days on camera and show how luxury real-estate is hard
▼ + stars: | 2024-06-29 | by ( Dan Latu | ) www.businessinsider.com time to read: +6 min

Advertisement"We were showing people what they had never seen before," Serhant, 39, told Business Insider. "The real estate isn't what's exclusive anymore," Serhant explained. Serhant passed down wisdom to new agentsRyan Serhant and his team of agents want to become the #1 real estate firm in New York City in their new Netflix show. "The show is going to be great if it's the most vulnerable real estate show on the planet and the most authentic," he told BI. In the first episode of "Owning Manhattan," Serhant said he wants his eponymous firm, just four years old, to be the No.

Persons: —, Instagram, Ryan Serhant, Serhant, it's, he's, Chloe Tucker Caine, Tricia Lee Organizations: Service, New York, Business, Netflix, Television, YouTube, Benz Locations: New York City, Greenwich, Manhattan, New, Brooklyn, York City, Miami, Greece

☆ Khamenei protégé, sole moderate neck and neck in Iran presidential race
▼ + stars: | 2024-06-29 | by ( ) www.cnbc.com time to read: +2 min

A citizen is seen in front of the candidates posters for the 14th presidential elections on the streets ahead of the early presidential election in Tehran, Iran on June 27, 2024. A low-key moderate and a protégé of Iran's supreme leader are neck-and-neck in the vote count in snap presidential elections marked by voter apathy over economic hardships and social restrictions. More than 14 million votes have been counted so far from Friday's vote, of which the sole moderate candidate Massoud Pezeshkian had won over 5.9 million votes and his hardline challenger former nuclear negotiator Saeed Jalili over 5.5 million, provisional results by the interior ministry showed. The clerical establishment sought a high turnout to offset a legitimacy crisis fuelled by public discontent over economic hardship and curbs on political and social freedom. The next president is not expected to usher in any major policy shift on Iran's nuclear programme or support for militia groups across the Middle East, since Khamenei calls all the shots on top state matters.

Persons: Massoud Pezeshkian, Saeed Jalili, Ebrahim Raisi, Ali Khamenei, Khamenei Locations: Tehran, Iran, Israel, Gaza, Hezbollah, Lebanon

☆ Analysis: Biden’s disastrous debate pitches his reelection bid into crisis
▼ + stars: | 2024-06-28 | by ( Stephen Collinson | ) edition.cnn.com time to read: +16 min

Former President Donald Trump and President Joe Biden debate at CNN's Atlanta studios on June 27, 2024. Austin Steele/CNN Trump and Biden were debating each other for the first time since 2020. Austin Steele/CNN Biden's campaign won a coin toss before the debate to choose which side he would stand on. Austin Steele/CNN Supporters of independent candidate Robert F. Kennedy Jr. protest outside the White House on Thursday. Former President Donald Trump and President Joe Biden debate at CNN's Atlanta studios on June 27, 2024.

Persons: Joe Biden, stiffly, Donald Trump, Biden, John F, Kennedy, Richard Nixon, —, Ron Klain, “, Trump, didn’t, parry, Austin Steele, ” Biden, Will Lanzoni, Jill Biden, Jake Tapper, Dana Bash, Adam Rose, CNN US Sen, Marco Rubio, CNN Trump, CNN Biden, Tristen Rouse, Tapper, CNN Tapper, Bash, Robert F, Kennedy Jr, CNN MJ Lee, Mandel Ngan, Megan Varner, Reuters Kennedy, Burk Stringfellow, Troublingly, ”, Van Jones, Kamala Harris, ” Harris, CNN’s Anderson Cooper, Harris, Paul Ryan, Gavin Newsom, Gretchen Whitmer —, Barack Obama, Ronald Reagan, CNN’s Kasie Organizations: CNN, Trump, Democratic Party, Democratic National Convention, Capitol, Atlanta, Voters, Democratic, White, CNN US, Biden, House, CNN Biden's, CNN Biden, White House, Getty, Reuters, Republican, Trump Organization, coalesces, Biden White, Michigan Locations: Atlanta, America, incoherence, Georgia, CNN's, Washington ,, AFP, United States, New York, California

Artificial intelligence is set to give the global data center market a major boost, according to Jefferies, and usher in a "new era of electricity demand." "As GPUs [graphics processing units] have become a larger part of the data center ecosystem and drive AI investments, demand for power and data center space has grown at a feverish pace," the investment bank's analysts wrote in a June 18 note. They noted that demand for data center space has increased between 10% and 20% each year for most of the past 15 years. As the data center market grows, so will demand for electricity, Jefferies said, naming a slew of beneficiaries in these segments and beyond. Among the "pure-play data center" names it likes are Digital Realty Trust and Equinix .

Persons: Jefferies, Stocks, — CNBC's Michael Bloom Organizations: Digital Realty Trust Locations: U.S, Europe, Freeport, McMoRan

Goldman Sachs initiated coverage of Disney with a buy rating and a price target that implies more than 20% upside. Elsewhere, Piper Sandler raised its price target on Uber, calling for nearly 25% upside. Analyst Jonna Kim simultaneously raised her price target to $30 from $28, citing a likelihood in earnings upside. As a catalyst, Kim cited "potential upside to FY24 Street estimates given solid topline momentum combined with margin expansion on continued inventory & expense management." — Lisa Kailai Han 5:41 a.m.: Goldman Sachs initiates Disney with a buy rating Disney has room for upside growth ahead, according to Goldman Sachs.

Persons: Goldman Sachs, Raymond James, Piper Sandler, TD Cowen, Jonna Kim, Kim, Lisa Kailai Han, Jeff Chung, Chung, — Lisa Kailai Han, Ranjan Sharma, Sharma, Uber, Thomas Champion's, AMZN, Michael Ng, Ng, Raymond James downgrades, RJ Milligan, Milligan, PENN, Fred Imbert Organizations: CNBC, Disney, Penn Entertainment, Navy, Citi, IHS, Volkswagen, JPMorgan, Google, Yahoo, Uber, ESPN, Netflix, Disneyland, Raymond James downgrades Penn Entertainment, NFL, Penn Locations: 2024E, 2025E, Singapore, TikTok, Indonesia, Philippines, Malaysia, Monday's

☆ Netflix wants to be Disney when it grows up
▼ + stars: | 2024-06-24 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +6 min

The company will unveil its first Netflix House venues in 2025 at two US-based malls: King of Prussia and Galleria Dallas. "We've launched more than 50 experiences in 25 cities, and Netflix House represents the next generation of our distinctive offerings. At a 2019 conference, former Disney CEO Reed Hastings said that Netflix admired Disney. Advertisement"Think of Hollywood Studios," McCoy said, referring to the Walt Disney World theme park. Netflix House and then Netflix World?

Persons: —, of Prussia, We've, Marian Lee, Joe Burbank, Reed Hastings, playbook, Steinberg, Ericka McCoy, there's, King of Prussia, McCoy, Matt Voda, Voda, it's Organizations: Service, Netflix, Galleria Dallas, Business, Walt Disney Company, Walt Disney, Orlando Sentinel, Tribune, Getty, Disney, Zeta Global, . Orlando Sentinel, Sears, Hollywood Studios, Hollywood Studios . Orlando Sentinel, OptiMine Locations: California, Magic, Florida, Lycoming Mall, Pennsylvania

☆ Iran’s 2024 Presidential Election: What to Know
▼ + stars: | 2024-06-21 | by ( Eve Sampson | Alissa J. Rubin | ) www.nytimes.com time to read: 1 min

Iran’s election for its next president will take place a year early, on June 28, after President Ebrahim Raisi died in a helicopter crash last month. The vote will usher the Islamic republic into new leadership amid domestic discontent, voter apathy and regional turmoil. While the country’s supreme leader, Ali Khamenei, has the final say on all state matters, the Iranian president sets domestic policy and has some influence over foreign policy.

Persons: Ebrahim Raisi, Ali Khamenei

☆ Protecting pink river dolphins: Fernando Trujillo’s quest to save aquatic life in the Amazon
▼ + stars: | 2024-06-20 | by ( Michelle Cohan | ) edition.cnn.com time to read: +5 min

When Trujillo asked what he should focus his research on, Cousteau told him he should go study the river dolphins, which had not been investigated in depth. “This is a very aggressive environment, very difficult to survive,” Trujillo told CNN of the Amazon. Video Ad Feedback Saving the dolphins and manatees of the Amazon River 03:22 - Source: CNNThere are two types of freshwater dolphins found throughout the Amazon: the Amazon River dolphin – or “pink dolphins” due to their color – and the smaller tucuxi, Trujillo said. “They told me ‘we all believe that you are a dolphin that became a human to protect the dolphins,’” Trujillo said. Fernando Trujillo, right, pictured here in 1991 scouting for dolphins along the Amazon River.

Persons: Fernando Trujillo, Jacques Cousteau, Trujillo, Cousteau, ”, ” Trujillo, “, ’ ” Trujillo, he’s, María Jimena Valderrama, CNN Trujillo Organizations: CNN, Initiative, Amazon, International Union for Conservation of Nature, Omacha, Geographic, Rolex Locations: Colombian, Bogotá, Puerto Nariño, South America, ”, Colombia, Trujillo

☆ AI stock frenzy resembles dot-com bubble and may explode disastrously, experts warn
▼ + stars: | 2024-06-20 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Experts say the AI mania has shades of the dot-com and housing bubbles and could end painfully. AdvertisementExperts say the frenzy around AI stocks resembles the last two major market bubbles — and could end in disaster if investors get spooked. "This is the goofiest and likely most dangerous concentration of overvaluation I've seen in 34 years investing and throughout financial history," Bloomstran said. Some experts have compared Nvidia to Cisco, the network hardware company whose stock ballooned during the dot-com bubble before ultimately crashing. No one can predict if the AI craze will end with a devastating crash like the dot-com and housing bubbles, or usher in a new market regime led by Nvidia and its kin.

Persons: —, Nathan Burks, Adetokunbo Fadahunsi, Ann Marie Hibbert, Burks, Hibbert, Chris Bloomstran, Semper Augustus, I've, Bloomstran, John Chambers, Robert Galbraith, it's Organizations: Service, George Mason University, Big Tech, Nvidia, Microsoft, Cisco, REUTERS, Wall Street Journal Locations: West Virginia

☆ Millennials are losing their cool
▼ + stars: | 2024-06-19 | by ( Emily Stewart | ) www.businessinsider.com time to read: +16 min

Millennials may not be there yet on pants, or at least that's what I, as a millennial, tell myself. The internet is fueling the millennials vs. Gen Z discourse, but underlying it is something deeper: millennials raging against the dying of the light. "It's really beneficial for brands that at least the online discourse has millennials looking to Gen Z for trends. The nature of internet culture, much of which was created by millennials, puts a unique bent on the discourse and how creators and influencers address millennials. Gen Z, be nice to your friendly millennial next door, and vice versa.

Persons: we're, We're, Valeria Penttinen, Julie Erickson, —, Erickson, Michael Miraflor, Hannah Grey, Justin Timberlake's, Claire Tassin, Jean Twenge, Gen X, Silents, they're, X, It's, Penttinen, millennials, Harley Block, Joel Steckel, I'm, that's, Devon Price, Price, Twenge, it's, Miraflor, Gwen Stefani, Martha Stewart, Alpha, Gen, They'll Organizations: Northern Illinois University, Morning, New York University, Starbucks, Loyola University Chicago's School, Professional Studies, Sports Illustrated Locations: Toronto, America

☆ Boeing needs a CEO who can usher in the next generation of planes, says Gabelli's Tony Bancroft
▼ + stars: | 2024-06-18 | 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 EmailBoeing needs a CEO who can usher in the next generation of planes, says Gabelli's Tony BancroftTony Bancroft, Gabelli Commercial portfolio manager, joins 'Power Lunch' to discuss Boeing as the CEO speaks to Congress on Capitol Hill.

Persons: Gabelli's Tony Bancroft Tony Bancroft Organizations: Boeing, Gabelli, Capitol

☆ How Apple, Microsoft and 3 other tech giants can make money with AI geared to consumers
▼ + stars: | 2024-06-16 | by ( Morgan Chittum | ) www.cnbc.com time to read: +10 min

(Expected AI-driven device upgrades from Apple, Microsoft, and other personal tech makers is the reason we're invested in Best Buy . Microsoft, Apple and fellow Club name Nvidia have all eclipsed $3 trillion market values — and have been wrestling for the top spot as the most valuable U.S. company. META YTD mountain Meta Platforms (META) year-to-date performance Meta Platforms is monetizing consumer interest in AI by boosting user engagement. The Meta AI generative artificial intelligence assistant is currently free to use. AMZN YTD mountain Amazon (AMZN) year-to-performance Comparable to Meta, Amazon offers AI to consumers for free to increase engagement on its dominant e-commerce platform.

Persons: Tim Cook, Siri, Apple, WWDC, Piper Sandler, Jim Cramer, Bard, Missteps, Jim, Jim Cramer's, Eugene Mymrin Organizations: Apple, Apple Intelligence, Developer Conference, Microsoft, Services, Cook, Co, AI Party, Bloomberg, Microsoft's, Computing, Club, Nvidia, Gmail, Google, ChatGPT, Facebook, Citi, Meta, Amazon, Amazon Web Services, CNBC Locations: China, Cupertino, U.S

☆ What this holiday of sacrifice teaches us about mindfulness
▼ + stars: | 2024-06-16 | by ( Monica Haider | ) edition.cnn.com time to read: +8 min

The three-day holiday of Eid-al-Adha commemorates the story in the Quran of God appearing to Ibrahim, or Abraham, in a dream and commanding him to sacrifice his son as an act of obedience. Muslims believe that as Abraham was about to sacrifice his son, an angel of God stopped him and gave him a ram to sacrifice in place of his son. Many people kick off the holiday by calling and texting Muslims they know throughout the world with “Eid Mubarak,” which means blessed feast or festival. Here are some mindful takeaways from the Eid holiday that you can include in your routine – no matter what you believe in. It sounds like a miraculous happening, but when applied to daily life, one can view it as doing one’s work and trusting that things fall into place.

Persons: Ibrahim, Abraham, God, “ Eid Mubarak, Abraham’s, Yasmine Saad, ”, Rania Awaad, Gabriel Reynolds, ” Reynolds, Eid, Prophet Abraham's, Ismail, Babu Babu, —, doesn’t, ” Saad, Jes Aznar, Getty, David Spiegel, “ we’ve, “, Awaad Organizations: CNN, Stanford Muslim Mental Health, Islamic Psychology, Islamic Studies, University of Notre Dame, Stress, Health, Stanford Medicine Locations: Saudi Arabia, Mecca, Islam, New York City, Chennai, India, Mamasapano, Central Mindanao, Philippines

☆ I spent over $3,000 on concert tickets in 2023—and it'd be even more expensive for me to do again this year
▼ + stars: | 2024-06-13 | by ( Renée Onque | ) www.cnbc.com time to read: +3 min

My goal was to move in 2024, so my biggest year in concerts was either now or never. I went to a total of nine concerts and music festivals in 2023, experiencing icons like Usher and Beyoncé live, and spent more than $3,000 on tickets alone. I spent $3,235.12 on concert tickets in 2023: Here's the breakdownThis cost doesn't factor in travel and hotel expenses. Going to concerts and music festivals also helped me to reconnect with friends from college who enjoy live music experiences just as much as me. We're halfway through 2024, and I've been to one concert and one music festival, compared to five by this time last year.

Persons: spender, wouldn't, Usher, Beyoncé, Ellis, Arthur C, Brooks, Flog Gnaw, Tyler, I've Organizations: CNBC, Harvard University Locations: New York, New Jersey, Philadelphia, Las Vegas, Los Angeles

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