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☆ America's Economic Plan Will Hurt World Economy, Global Stock Markets
▼ + stars: | 2024-06-09 | by ( Linette Lopez | ) www.businessinsider.com time to read: +11 min

The European Central Bank began easing interest rates on Thursday, cutting its benchmark rate by 0.25%. Investors and economists expect the Federal Reserve to follow suit and cut interest rates in September. This combination means there's a good chance that the September cut Wall Street is praying for may never materialize. The US already has somewhat higher interest rates than other countries — the Fed's benchmark rate is 5.25%- 5.50%. And in Asian economies, where interest rates are already significantly lower than in the US, things could get even messier.

Persons: Tamara, Vasiljev, Peter Schaffrik, Nigel Green, Green, we're Organizations: European Central Bank, Investors, Federal Reserve, Oxford Economics, JPMorgan, UBS, Bloomberg, of International Finance, Markets, RBC Capital Markets, deVere, Fed, We're, ECB, Bank of, EU, Bank of Canada, Bank of Canada's, Bank of England Locations: stagflation, China, Europe, Japan, South Korea, It's, America, United States, EU, Bank of England, Canada, East Asia

☆ Travel news: The Tank Museum in England has a bigger YouTube following than MoMA
▼ + stars: | 2024-06-08 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +7 min

Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. CNN —In this week’s roundup of travel news, we bring you the world’s best restaurants for 2024, Disneyland’s epic expansion plans and the little museum in rural England that’s become a YouTube hit. World’s best restaurants1. This famed Barcelona eatery was one of five restaurants in Spain to make this year's World's 50 Best Restaurants list. Dubai has more “best” restaurants than any other destination in the Middle East, according to the 50 Best group.

Persons: England that’s, He’s, that’s, AirlineRatings.com, Disney World’s, Peter Pan, Francesc Guillamet Ferran, Asador, Bruno Verjus, Philippe Vaures Santamaria, Dabiz Muñoz, Diverxo, Diverxo Maido, Maido, Atomix, Evan Sung, Søren Gammelmark, Gaggan Anand, Don Julio, Pablo Domina World's Organizations: CNN, Canada House, American Airlines, Disney, Aberdeen Angus, Multicultural, CNN Travel, Finland Locations: England, New York, Paris, Normandy, Canada, Philippines, Bataan, Florida, Texas, Gulf, Asia, Pacific, Southern California, Japan, Tokyo, Disfrutar, Barcelona, Spain, Basque, Madrid, Spanish, Lima, Peru, New York City, Koreatown, Manhattan, Quintonil, Mexico, Copenhagen, Denmark, Bangkok, Thailand, Kolkata, Buenos Aires, Argentina, Hereford, Dubai, British, Soviet Union

☆ Renting an electric car for the first time? What could go wrong?
▼ + stars: | 2024-06-08 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +7 min

CNN —Lydia Wu had never driven an electric vehicle before she rented a car from Avis last February. Rental car companies may have overestimated their customers’ readiness for a switch, though. In my case, I’ve rented EVs from Turo, a peer-to-peer car rental platform that’s sort of like Airbnb but for cars. Customer service as keyJoulez, an EV rental company, rents its fleet through its own website as well as through Turo. But not everyone has such a bad time when renting an EV from a big rental car company.

Persons: Lydia Wu, Wu, EVs, Hertz, Stephen Scherr, it’s, ” Hertz, Doug Jensen, Tesla, ”, “, ” Wu, I’ve, Micah Bergdale, they’re, Joulez, Jay Waldron, Waldron, Kia Organizations: CNN, Avis, Cox Automotive, Tesla, General Motors, Hertz, Kia, EV, Turo, Hyundai Kona EV, National Locations: Kansas City , Kansas, Hertz, San Diego, it’s, Polestar, New York City, “, Turo, Georgia, Washington, DC

☆ How the USA’s shock cricket triumph reflects a global sporting and geopolitical transformation
▼ + stars: | 2024-06-08 | by ( Stephen Collinson | ) edition.cnn.com time to read: +13 min

A national cricket team that most Americans didn’t even know they had beat one of the sport’s global powers Pakistan, for whom the game is a national obsession. “There is this pivot from global north to global south,” said Chadwick. The first ever international fixture was between the United States and Canada in 1844 in New York. The World Cup is being carried in the US on Willow TV, a streaming service that is also available on cable systems for an extra fee. The global game, soccer, has several times hubristically tried to conquer the US and it’s taken years to reach its current level with strong pro leagues the MLS and the NWSL.

Persons: didn’t, ”, Monank Patel, Corey Anderson, “ It’s, “, Peter Della Penna, Donald Trump, Narendra Modi, Simon Chadwick, “ You’ve, You’ve, It’s, Virat Kohli, Germain, LIV, Modi, Chadwick, Donald Bradman, Michael Jordan, Pakistan –, Saurabh, Milind Kumar, hubristically, it’s, Della Penna, you’re, ” Della Penna Organizations: CNN, team, Cricket, Pakistan, USA Cricket, New Zealand, Indian, , Indian Premier League, Major League Cricket, IPL, US, America, United Arab Emirates, Manchester City, Paris Saint, Formula One, Hindu, FIFA, Beijing, Bowlers, Down, England, Elite US, Willow, MLS, England’s Premier League, Manchester United, Arsenal, tailgates, Women’s National, TV, South Locations: Pakistan, United States, Caribbean, Texas, American, America, Long, , New York, India, Australia, Nassau County, Ahmedabad, Gulf, United Kingdom, Europe, East, South Asia, British, Sri Lanka, South Africa, Zealand, England, North Carolina, Manchester, Qatar, Paris, Germain . Middle, Saudi Arabia, Los Angeles, There’s, Canada, New York, Sri Lankan, California, New Delhi, China, Belgium, Commonwealth

☆ Between the Offensives: Images From a Journey in Ukraine’s Borderland
▼ + stars: | 2024-06-07 | by ( David Guttenfelder | Peter Robins | ) www.nytimes.com time to read: 1 min

The Ukrainian borderland has long been a place where cultures merge and interchange. Now it is again a place of combat. Through relentless loss, it is being transformed, possibly forever, into a treacherous and abandoned gray zone. What was once a shared way of life, and faith, is dwindling. Getting even daily essentials to the few who remain is a dangerous struggle.

Organizations: Ukrainian

☆ Kia recalling 463,000 Telluride SUVs because the driver’s seat can catch fire
▼ + stars: | 2024-06-07 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +2 min

CNN —Kia is warning owners of almost 463,000 of its popular Telluride SUVs in the United States to keep them parked outside and away from buildings because the front seats could start burning. The recall involves 2020 through 2024 Kia Telluride models. In 2023, another customer complained of a smoke smell from the passenger-side power seat, which wasn’t working. In 2024, at least one Kia owner reported that the driver’s seat caught fire while they were driving. An investigation by Kia concluded that the problem was with the power seat switches that could be damaged in a way that causes its motor to overheat.

Persons: CNN — Kia, Kia Organizations: CNN, Telluride, National, Traffic Safety Administration, Kia Telluride, Kia, NHTSA Locations: United States, Telluride, California, Georgia

☆ War, what war? Putin looks to woo new business partners willing to overlook its invasion of Ukraine
▼ + stars: | 2024-06-07 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +5 min

Russian President Vladimir Putin is seen while visiting the Lakhta Center on June 5, 2024, in Saint Petersburg, Russia. Vladimir Putin visited a newly built Lakhta Center, a skyscraper of Gazprom, prior to his meetings at the Saint Petersburg International Economic Forum SPIEF 2024. Contributor | Getty Images News | Getty ImagesRussia's annual economic forum in St. Petersburg used to be known as the country's "Davos" in a nod to the World Economic Forum that's held in Switzerland every year. A view of the stand of the Russian private bank Alfa-Bank during the 27th St. Petersburg International Economic Forum in St. Petersburg, Russia on June 05, 2024. Guests from foreign countries seen during the first day of the St. Petersburg International Economic Forum 2024.

Persons: Vladimir Putin, SPIEF, Max Hess, Peter Szijjarto, There's, Vladimir Putin's, Yuri Ushakov, Putin, anders Pettersson Organizations: Lakhta Center, Saint Petersburg, Economic, Getty, St ., Economic Forum, Foreign Policy Research Institute, CNBC, Hungarian Foreign, Alfa, Bank, Anadolu, West, International Monetary Fund, U.S, Brics Locations: Saint Petersburg, Russia, Gazprom, St . Petersburg, Davos, Switzerland, Ukraine, Asia, Latin America, Africa, Eastern Europe, Slovakia, Hungary, Hungarian, St, Moscow, Russian, Germany, France, India, China, Johannesburg, South Africa

☆ Google cut Uncle Sam a $2 million check so it could avoid a jury trial. A judge just agreed
▼ + stars: | 2024-06-07 | by ( Samantha Delouya | ) edition.cnn.com time to read: +1 min

CNN —A US federal judge ruled on Friday that an antitrust lawsuit brought by the US government against Google will be decided by a judge and not a jury after Google wrote the government a check, paying back the full amount of monetary damages the lawsuit sought. The case regarding Google’s advertising technology is the first antitrust suit against a Big Tech company brought by the Biden administration. US District Judge Leonie Brinkema’s decision on Friday is a setback for the Justice Department, which sought a jury trial for the case. We’re glad the Court ruled that this case will be tried by a judge,” Schottenfels said. We look forward to making our case in court.”A hearing is set for June 21 on Google’s motion for summary dismissal, which would terminate the case without a trial.

Persons: Biden, Leonie Brinkema’s, Brinkema, —, Peter Schottenfels, “ DOJ’s, We’re, ” Schottenfels, we’ve, ”, Brian Fung Organizations: CNN, Google, Big Tech, Justice Department, DOJ

☆ Powering Big Tech: Huntsman Corp. CEO on the looming energy crisis for Silicon Valley
▼ + stars: | 2024-06-06 | 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 EmailPowering Big Tech: Huntsman Corp. CEO on the looming energy crisis for Silicon ValleyHuntsman Corp. president and CEO Peter Huntsman joins 'Squawk Box' to discuss the looming energy crisis facing Silicon Valley, why he believes access to cheap and reliable electricity powered by fossil fuels will soon pose a major risk to Big Tech, and more.

Persons: Peter Huntsman Organizations: Big Tech, Huntsman Corp, Silicon Valley Huntsman Corp Locations: Silicon

A federal judge in Washington, D.C., at a hearing Thursday ordered former Trump White House aide Steve Bannon to report to jail by July 1 to begin serving a four-month sentence for his criminal contempt of Congress conviction. Outside of court, Schoen told reporters, "The decision has it wrong factually in many many ways, it's a horrible decision." Bannon told reporters Thursday, "I've got great lawyers, and we're gonna go all the way to the Supreme Court if we have to." It is possible that Bannon's jail sentence could be stayed by an order of the U.S. Circuit Court of Appeals for the District of Columbia, or by the U.S. Supreme Court.

Persons: Steve Bannon, Donald Trump, Carl Nichols, David Schoen, Nichols, I've, Schoen, Bannon, we're, It's, Bannon's, Peter Navarro Organizations: Washington , D.C, Trump White House, Capitol, NBC News, Supreme, U.S, Circuit, Appeals, District of Columbia Locations: Washington ,

☆ Jacqueline Winspear Read a History of Cocaine as Research
▼ + stars: | 2024-06-06 | by ( ) www.nytimes.com time to read: +1 min

“War” by Sebastian Junger, “End Times” by Peter Turchin and “The Unwinding,” the fabulous book by illustrator/writer Jackie Morris. No one should be surprised by a writer’s library. We all read well beyond the literary forms for which we are known. However, a friend was scanning my shelves and asked, “Why do you have that book on cocaine?” Dominic Streatfeild’s “Cocaine: An Unauthorized Biography” is a terrific book — I read it for background research. Sometimes my mother would comment, “I think that book will mean more to you when you’re older, love.”

Persons: Sebastian Junger, Peter Turchin, Jackie Morris, ” Dominic Streatfeild’s, “, ” Organizations: “

☆ Welcome to Fantasy Springs, Tokyo DisneySea’s new land
▼ + stars: | 2024-06-06 | by ( Maggie Hiufu Wong | ) edition.cnn.com time to read: +5 min

Tokyo DisneySea's Fantasy Springs port has three themed areas and a new hotel, pictured. Tokyo Disney ResortA few Disney firstsVisitors to the new port first head through a tunnel passage made of rocks shaped like Disney characters from the three film franchises that inspired Fantasy Springs. One of the most anticipated additions inside Fantasy Springs is undoubtedly Rapunzel’s Forest, Disney’s first Tangled-inspired themed area. How to access and stay in the parkThe Tokyo DisneySea Fantasy Springs Hotel offers two options: The Fantasy Chateau and the more luxurious Grand Chateau (pictured here). Tokyo Disney ResortA one-day Fantasy Springs Magic passport is currently included for guests buying one of Tokyo Disney’s hotel vacation packages or available for purchase by those staying at the new Tokyo DisneySea Fantasy Springs Hotel inside the expansion.

Persons: Peter Pan, Flynn Rider, Peter Pan’s, Tinker Bell, John Darling –, Captain Hook, won’t, “, ”, Anna, Elsa, bakehouse Organizations: CNN, Tokyo, Disney, Oriental Land Co ., –, Tokyo Disney, Visitors, Resort, Spotify, Springs Hotel, Springs, Tokyo Disney Resort Locations: DisneySea, Tokyo, United States, Corona, Fantasy Springs, Fantasy

☆ The politics and competition driving Disney's high stakes $60 billion theme parks expansion
▼ + stars: | 2024-06-06 | by ( Paulina Likos | ) www.cnbc.com time to read: +9 min

The next wave of Disney theme park expansion in the U.S. is primed to be in California rather than Florida. The decision requires Disney to put a minimum of $1.9 billion in theme parks, lodging, entertainment, shopping and dining within 10 years. In Florida, Disney has had a more difficult time navigating the political landscape — leading to Disney World development tie-ups. In its fiscal 2024 second quarter , Disney's Parks & Experience division, which includes theme parks, resorts, cruises, hotels, and consumer products grew sales by nearly 10% to $8.93 billion and operating income by more than 12% to $2.29 billion. "Comcast's exposure to, and reliance on the Theme Parks segment is about to expand dramatically," according to MoffettNathanson.

Persons: —, Ron DeSantis, DeSantis, Bob Iger, Iger, Nelson Peltz, Jeff Marks, Disney's, Laurent Yoon, Bernstein, Yoon, Orlando, Peter Supino, Harry Potter, Supino, Jim Cramer, Jim Cramer's, Jim, Mario Tama Organizations: Disney, Republican Florida Gov, CNBC, Comcast, What's, that's, Disney's Parks, Parks, Disney Destiny, Sunshine, Universal, Wolfe Research, Universal Studios Hollywood, Wall Street, Getty Locations: U.S, California, Florida, Anaheim —, Southern California, NBCUniversal, DeSantis, Orlando, Golden, Anaheim, Anaheim , California

David Sacks, a prominent venture capitalist and part of the "PayPal mafia," is holding the fundraiser at his Pacific Heights residence. Tickets sold for $50,000 a head, with a $300,000 tier that includes perks like a photo with Trump. The fundraiser in the heart of the tech capital represents a growing shift in sentiment toward Trump, especially in what's been historically a liberal stronghold. "I know there's going to be a lot of people who support Trump, but they don't want to admit it," Sacks said on the podcast last week. That's not to say Trump has lacked support from big money techies in the past.

Persons: Donald Trump, Stormy Daniels, David Sacks, Trump, Palihapitiya, Sacks, Hillary Clinton, he's, Peter Thiel Organizations: Republican, PayPal, Trump, Social Capital, Biden, Republican National Convention Locations: New York City, U.S, San Francisco, New York, what's

☆ Why Israel-Hezbollah tensions risk boiling over now
▼ + stars: | 2024-06-06 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +9 min

In Lebanon, Hezbollah is officially considered a “resistance” group tasked with confronting Israel, which Beirut classifies as an enemy state. Since then, the two sides have traded fire sporadically, but tensions boiled over in 2006 when Israel went to war in southern Lebanon after Hezbollah kidnapped two Israeli soldiers. More than 1,000 Lebanese were killed in that conflict, mostly civilians, as well as 49 Israeli civilians and 121 soldiers. The military capability of the Lebanese group has grown since 2006, when it relied largely on inaccurate Soviet-era Katyusha rockets. Hezbollah has fired 35 kilometers into Israel, while Israel has targeted areas of Lebanon more than 120 kilometers north.

Persons: CNN —, Israel, Rina Castelnuovo, Hassan Nasrallah, Heiko Wimmen, ”, Ramot Naftali, Peter Lerner, ” Amal Saad, ” Saad, Benjamin Netanyahu’s, Ronni, Netanyahu, Bezalel Smotrich, Benjamin Netanyahu, Amir Cohen, ” Naim Qassem, Hezbollah’s, Al, ” Qassem, Jack Guez, Itamar Ben Gvir, Yair Lapid, ” Lapid, Matthew Miller, Biden, “, ” Shaked, Iran – Organizations: CNN, Hezbollah, Lebanese, Crisis, Wednesday, Israel Defense Forces, Cardiff University, Truman Institute, Hebrew University of Jerusalem, Yad Vashem, Holocaust, Reuters, Crisis Group, Getty, Lebanese Ministry of Public Health, National, State Department Locations: CNN — Israel, Lebanese Iran, Israel, Lebanon, Beirut, Palestinian, Gaza, Iraq, Syria, Brussels, Israeli, Cross, Jerusalem, Kiryat Shmona, Lebanese, Al Jazeera, AFP, United States, Iran

☆ Trump in liberal San Francisco for high-dollar tech fundraiser
▼ + stars: | 2024-06-06 | by ( ) www.cnbc.com time to read: +5 min

(Photo by Eva Marie Uzcategui/Getty Images)Republican presidential candidate Donald Trump will attend a fundraiser hosted by two tech venture capitalists in San Francisco on Thursday, a high-dollar event expected to draw Silicon Valley investors turned off by the Biden administration's policies. Trevor Traina, a San Francisco-based tech executive and former Trump ambassador to Austria, said business regulations implemented during Biden's presidency had alienated some people in the tech industry. Trump's campaign raked in record amounts after the guilty verdict last week, and the San Francisco event will add to his coffers. Vance, a potential running mate for Trump who previously lived in San Francisco and worked in venture capital, will attend the event, according to a source familiar with his plans. San Francisco remains a fertile fundraising ground for Democrats.

Persons: Donald Trump, Eva Marie Uzcategui, David Sacks, Chamath, Sacks, Jacqueline, Trump, Democrat Joe Biden, Trevor Traina, Biden's, Biden, Traina, Palihapitiya, Jacob Helberg, Peter, Helberg, Palantir, Peter Thiel, we've, Billionaire Elon Musk, Musk, J.D, Vance, Kamala Harris, Harris Organizations: U.S, Mar, Biden, Venture, Reuters, Democrat, Trump, Republican, San, Democrats Locations: Lago, West Palm Beach , Florida, New York, San Francisco, Francisco, Austria, bitcoin, Silicon, Israel

☆ Forty Years Later, Biden Seeks to Echo Reagan’s Legacy of American Leadership
▼ + stars: | 2024-06-06 | by ( Peter Baker | ) www.nytimes.com time to read: +1 min

Forty years later, another aging president facing re-election plans to return to the same spot Friday to honor the same heroes and effectively align himself with Mr. Reagan’s legacy of leadership against tyranny. President Biden will not be the first president to try to walk in Mr. Reagan’s footsteps in Normandy, and it is a risky gamble. To many in both parties, Mr. Reagan’s speech remains the gold standard of presidential oratory and none have matched it at Normandy since. But like Mr. Reagan, Mr. Biden wants to use the inspiring story of the Rangers at Pointe du Hoc to make a case for American alliances in the face of Russian aggression — and, implicitly, for himself. If there is something audacious about Mr. Biden, a staunch Democrat who was no friend of Mr. Reagan’s in the 1980s, summoning the spirit of the Republican legend, it speaks to the up-is-down, black-is-white nature of politics in today’s America.

Persons: Ronald Reagan, Biden, Reagan, Mr, Reagan’s Organizations: Army Rangers, Rangers, Republican Party Locations: Normandy, France, Pointe du Hoc, today’s America

☆ Steve Bannon ordered to report to prison by July 1 to serve contempt of Congress sentence
▼ + stars: | 2024-06-06 | by ( Tierney Sneed | Devan Cole | ) edition.cnn.com time to read: +3 min

CNN —A federal judge on Thursday ordered Steve Bannon to report to prison by July 1, giving the former Donald Trump adviser a short window to get a higher court’s intervention. The federal judge presiding over the case, Carl Nichols, had initially paused the sentence while Bannon appealed the conviction. Last month, however, a DC Circuit Court of Appeals panel unanimously rejected several challenges Bannon made to the case, and prosecutors immediately asked Nichols to send Bannon to prison to begin serving his sentence. “We’re going to win at the Supreme Court,” he added. Navarro is currently serving a four-month prison sentence for his 2023 conviction.

Persons: Steve Bannon, Donald Trump, Bannon, Carl Nichols, Nichols, Trump, “, ” Bannon, MAGA, There’s, ”, “ We’re, David Schoen, Schoen, John Crabb, Crabb, Peter Navarro, —, Navarro’s, Navarro Organizations: CNN, DC, Justice Department, Supreme, Trump, DC Circuit Locations: Washington

☆ 'Projections around the path of inflation will be important at June meeting,' former ECB executive board member says
▼ + stars: | 2024-06-06 | 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 Email'Projections around the path of inflation will be important at June meeting,' former ECB executive board member saysFormer ECB chief economist Peter Praet discusses his expectations for the June ECB monetary policy meeting.

Persons: Peter Praet Organizations: ECB

☆ Millennium org chart: The 47 executives behind Izzy Englander's $64 billion hedge-fund behemoth
▼ + stars: | 2024-06-05 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +5 min

A decade ago, Millennium Management managed $21.1 billion and had 18 senior people — all a part of the executive committee — listed on its website. Now the $64 billion multistrategy manager has 47 names on its leadership page split among divisions like the relatively new Office of the CIO. Executive teams are often just a firm's founder and a few trusted lieutenants. Many departures from the firm's top level have been executives launching their own funds or joining Millennium colleagues starting their own funds. Michael Gelband and Hyung Lee, who once ran fixed income and equities, respectively, brought the business-development pro Peter Hornick and the risk executive Dev Joneja with them when they launched ExodusPoint.

Persons: —, Izzy Englander, hasn't, Englander, Bobby Jain, Ajay Nagpal, Michael Chung, Peter Santoro, Izzy, Jain, Stephen Haratunian, Michael Gelband, Hyung Lee, Peter Hornick, Dev Joneja, Kurt Baker, Jonathan Xiong Organizations: Millennium Management, Business, Fidelity, Bloomberg, Citadel, Millennium Locations: BlackRock, New York, Asia

is the chief Africa correspondent for The Times based in Nairobi, Kenya. He previously reported from Cairo, covering the Middle East, and Islamabad, Pakistan.

Organizations: The Times Locations: Africa, Nairobi, Kenya, Cairo, Islamabad, Pakistan

☆ How to sleep like a millionaire: a 5-part guide
▼ + stars: | 2024-06-05 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +5 min

Longevity investor and XPrize founder Peter Diamandis uses a relatively elaborate multi-part system for getting better sleep. Martine Paris"The Oura ring doesn't help me sleep better," Diamandis said. "It helps me remain true to my commitment," by encouraging him to get at least seven hours of sleep per night. Carlina Teteris/Getty ImagesThe most important element of Diamandis' sleep routine is the timing. Sticking to this strict sleep schedule is the only way he can guarantee he gets close to eight hours of sleep each night.

Persons: —, Peter Diamandis, it's, Diamandis, you'll, Kim Kardashian, Prince Harry, Mark Zuckerberg, Gwenyth Paltrow, Lance Armstrong, Martine Paris, Oura, Elon Musk, Mark Zuckerburg, Tim Ferriss, Carolyn Van Houten, he's Organizations: Service, Business, Washington, Getty

☆ Sam Altman's OpenAI is paying publishers big money for content. That could be a lifeline — or blow up in their faces.
▼ + stars: | 2024-06-05 | by ( Peter Kafka | ) www.businessinsider.com time to read: +8 min

You've heard this one before: A big tech company is offering a lifeline to distressed media companies. That's the argument against a slew of deals publishers have been making with Sam Altman's OpenAI over the past few months. But the OpenAI deals, the publishers emphasize, are straightforward licensing deals for stuff they're already making. AdvertisementWhich means — they say — at the end of these deals, publishers won't have to regret investing in another defunct Big Tech project. But the thing I'm most worried about as someone who makes words for a living isn't a replay of the old Facebook/Apple/Google deals publishers now regret.

Persons: You've, It's, Sam Altman's OpenAI, Axel Springer, Rupert, Barry Diller's Dotdash Meredith, Laurene Powell, haven't, OpenAI, it's, Jessica Lessin, Lucy, Charlie Brown, —, Let's, Bob Iger, ChatGPT, that's Organizations: Service, Vox Media, Rupert Murdoch's News Corp, Laurene Powell Jobs, Atlantic Media, Apple, Google, Facebook, The New York Times, Big Tech, New York Times, Microsoft, Netflix, ABC, Disney

☆ Why a new NBA deal could mean cuts to your favorite NBC and Peacock shows
▼ + stars: | 2024-06-05 | by ( Peter Kafka | ) www.businessinsider.com time to read: 1 min

The NBA is close to a series of rights deals that will generate an astonishing $76 billion over 11 years for the sports league. AdvertisementIf you like watching basketball, this will likely mean some change: Right now, national NBA rights are split between Disney's ESPN/ABC and Warner Bros Discovery's TNT; in the future, those will likely be split between Disney, Amazon, and Comcast, which intends to show some games on NBC and some on its Peacock streaming service. So you may need to sign up for some new streamers (just like NFL fans have had to do). This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now.

Organizations: NBA, Disney's ESPN, ABC, Warner Bros, TNT, Disney, Comcast, NBC, Business

☆ Brothers-in-law Jake Gyllenhaal and Peter Sarsgaard always put family first, at home and on set
▼ + stars: | 2024-06-05 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +3 min

CNN —Jake Gyllenhaal and Peter Sarsgaard might be part of the same sprawling showbiz family, but their on-set etiquette is quite different from the dynamic they share as family around the dinner table. But when the cameras are off, according to Gyllenhaal, they both agree that family always comes first. (From left) Jake Gyllenhaal and Renate Reinsve in 'Presumed Innocent.' Apple TV+The Gyllenhaal siblings previously costarred in the beloved 2001 psychological thriller “Donnie Darko,” among other projects, and Sarsgaard starred in “The Lost Daughter” in 2021, which his wife directed. The group will continue to keep things all in the family when Gyllenhaal and Sarsgaard will reunite on Maggie Gyllenhaal’s next directorial endeavor “The Bride!” in 2025, according to Collider.

Persons: Jake Gyllenhaal, Peter Sarsgaard, Gyllenhaal, Sarsgaard, Maggie Gyllenhaal –, “ Peter, ” Gyllenhaal, ” Sarsgaard, it’s, ” “, Scott Turow, Harrison Ford, Rusty Sabich, –, “, ”, Renate Reinsve, Donnie Darko, Maggie Gyllenhaal’s, Innocent Organizations: CNN, Apple, Collider Locations: Chicago

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