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☆ Nearly 48 million people watched the Trump-Biden debate on TV, but that's nothing compared to previous election years
▼ + stars: | 2024-06-28 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +1 min

47.9 million people watched the debate across all networks. CNN may have been the host, but the network didn't have the most television viewers — Fox News did. Viewership is down from prior years, as a record 84 million watched the Trump-Clinton debate in 2016. AdvertisementLast night's presidential debate attracted 47.9 million viewers across networks, according to early Nielsen numbers, making it the most-watched non-sporting event of the year. Though CNN hosted the debate, the network didn't boast the largest television audience — Fox News claimed that prize, with 8.8 million viewers compared to CNN's 8.7 million.

Persons: —, Nielsen, Biden Organizations: CNN, — Fox News, Trump, Clinton, Service, ABC News, MSNBC, Business

☆ Marilyn Monroe's Los Angeles home has been saved from demolition. Here's what it looks like today.
▼ + stars: | 2024-06-28 | by ( Gabbi Shaw | ) www.businessinsider.com time to read: +1 min

Marilyn Monroe's home in Brentwood, California, was ruled a landmark by the LA City Council. The current owners sued the city for the right to demolish it to expand their home next door. AdvertisementIn 1962, Marilyn Monroe, one of the most iconic figures in American culture, was found dead inside her home in Brentwood, a neighborhood in Los Angeles. Sixty-two years later, the Los Angeles City Council ruled that her former home should be declared a historical cultural monument, as Variety reported. The Los Angeles Times reported the couple bought the home in July 2023 for $8.35 million.

Persons: Marilyn Monroe's, Monroe, —, Marilyn Monroe, Brinah Milstein Organizations: LA City Council, Service, Los Angeles City Council, Variety, Roy Bank, City, Los Angeles Times, Business Locations: Brentwood , California, Brentwood, Los Angeles

☆ The average household would need to save for 36 years to afford a typical home in LA. Here's how 50 US markets compare.
▼ + stars: | 2024-06-28 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

A median-income household must make a $128,000 down payment to comfortably afford a typical US home. It takes about 12 years to save that, rising to 36 years for a down payment in pricey Los Angeles. We've used Zillow data to rank 50 major metro areas by the number of years of saving needed. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Zillow found the typical Pittsburgh home only costs about $217,000, meaning a median-income household could take out a mortgage with zero money down and still afford the monthly payments.

Persons: We've, —, Zillow Organizations: Service, Business Locations: Los Angeles, Pittsburgh

☆ Everything to know about season 4 of 'The Bear' after that cryptic season 3 finale
▼ + stars: | 2024-06-28 | by ( Olivia Singh | ) www.businessinsider.com time to read: +1 min

The season 3 finale of FX's "The Bear" teases more episodes to come. The show was reportedly renewed for a fourth season in March. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.

Persons: weren't, —, Carmen, Berzatto's, Jeremy Allen White Organizations: Service, Business

☆ Russia is losing 1,000 soldiers a day in its relentless 'meat grinder' tactics against Ukraine: report
▼ + stars: | 2024-06-28 | by ( Tom Porter | ) www.businessinsider.com time to read: +1 min

Russia is sustaining high casualties in attacks in Ukraine, The New York Times reported. Around 1,000 Russian troops a day were killed or wounded, officials told the publication. But Russia is able to recruit new troops to replace the casualties, according to the Times. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . It said Russia's total number of killed or wounded since it launched the invasion in February 2022 now stood at around 500,000.

Persons: — Organizations: The New York Times, Times, Service, Business Locations: Russia, Ukraine, The

The third quarter starts on Monday with corporate earnings trends largely intact, but showing early signs of trouble in tech land. The good news: for the big-cap tech companies that are truly dominating the market ( Apple , Microsoft , Alphabet , Nvidia , etc.) Still no recession, in the economy or in earnings So far, we have a deceleration in big-cap tech earnings and clear signs the consumer wants lower prices. Earnings trends for tech may still be rising (even if it is decelerating), but the rest of the market is generally flattish on earnings. Earnings: rising Positive Tech earnings: rising but decelerating Negative Job growth: strong but moderating Positive Interest rates: moderating Positive Inflation: moderating Positive Consumer: increasingly cautious Negative

Persons: Jensen, Nick Raich, it's, Raich, Lori Calvasina, We've, I've, you've, Levi Strauss, General Mills, Tim Wentworth, Taco Bell, Mills Organizations: Apple, Microsoft, Nvidia, Big, Meta, Jensen Huang's, Scout, U.S, Equity, RBC Capital Markets, CNBC, Nike, Walgreens, Micron, FedEx, General, . Companies, Southwest Airlines, Pool Corp, Urban Outfitters, Yum Brands

☆ Federal investigators slammed Boeing for 'blatantly violating' the rules by sharing unproven speculation about the 737 Max blowout
▼ + stars: | 2024-06-28 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

The NTSB said Boeing "blatantly violated" rules about investigations. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBoeing has apologized after the National Transportation Safety Board said it "blatantly violated" rules about investigations. The director of the NTSB's office of aviation safety sent a scathing letter to Boeing CEO Dave Calhoun on Thursday. This story is available exclusively to Business Insider subscribers.

Persons: —, Dave Calhoun Organizations: NTSB, Boeing, Alaska Airlines, DoJ, Service, National Transportation Safety Board, Business

☆ Melania Trump skipped the Trump-Biden debate
▼ + stars: | 2024-06-28 | by ( Brent D. Griffiths | Lloyd Lee | ) www.businessinsider.com time to read: +1 min

Melania Trump has largely remained out of the public eye since Donald Trump left office. She was absent for the entirety of Trump's hush-money trial and will not be at the debate. Melania Trump will be reportedly be making select appearances during her husband's campaign trial. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFormer first lady Melania Trump didn't attend the first 2024 presidential debate, according to multiple reports.

Persons: Melania Trump, Donald Trump, —, Melania, Jill Biden Organizations: Service, CNN, ABC News, Trump's, Business Locations: Atlanta, Lago, Manhattan

☆ 60 British phrases that will confuse anybody who didn't grow up in the UK
▼ + stars: | 2024-06-28 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +1 min

From "chockablock" to a "full Monty," the Brits have a wide range of interesting slang words. You don't want to be described as "dim," "a mug," or "a few sandwiches short of a picnic." Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBrits have an interesting vernacular that includes words and phrases that might confuse many Americans.

Persons: — Organizations: Service, Business

☆ Celebrity cameos to look out for in the star-studded third season of 'The Bear'
▼ + stars: | 2024-06-28 | by ( Olivia Singh | ) www.businessinsider.com time to read: +1 min

All 10 episodes of season three of FX's "The Bear" were released on Wednesday. The new season is packed with notable celebrity guest stars and cameos. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Advertisement"The Bear" is back for another season of kitchen chaos and celebrity cameos. This story is available exclusively to Business Insider subscribers.

Persons: Jamie Lee Curtis, Joel McHale, Will Poulter, —, Carmen, Berzatto's, Jeremy Allen White, Daniel Boulud, Thomas Keller, René Redzepi, Christina Tosi Organizations: Service, Business

☆ Hezbollah has the weapons to carry out its threat against Cyprus
▼ + stars: | 2024-06-28 | by ( Paul Iddon | ) www.businessinsider.com time to read: +9 min

The threat against Cyprus is also an indirect threat against NATO member Greece, which has close ties with Israel. "Although the Republic of Cyprus and Israel have enjoyed strategic cooperation for years, the current timing is crucial. "The Republic of Cyprus is able to expose the tactics of Hezbollah at the EU level and simultaneously seek support by the US." Jack Guez/Getty ImagesNevertheless, Hezbollah could harm Cyprus if it carries out its threat. Related stories"The Israeli capacity to shoot down Hezbollah's drones in 2022 could be a model for the Republic of Cyprus," Tzogopoulos said.

Persons: —, Hassan Nasrallah, George Tzogopoulos, Tzogopoulos, Nasrallah, Jack Guez, Mark III, Nicholas Heras, Heras Organizations: Service, NATO, Israel, Cypriot, Business, Hezbollah, European Union, UN, Sovereign Base, EU, Cypriot National Guard, New Lines Institute, Israeli Air Force, New Lines, Israeli Defense Forces Locations: Iran, Lebanon, Republic of Cyprus, Cyprus, Greece, Israel, Turkey, Turkish Republic of Northern Cyprus, United Kingdom, Akrotiri, EU, Gaza, Russian, Nicosia, Iranian Fateh, Yemen, Syria, NATO

☆ A grinding Russian assault appears telling about Putin's plan to defeat Ukraine
▼ + stars: | 2024-06-28 | by ( Ella Sherman | ) www.businessinsider.com time to read: +1 min

ISW experts warn that delays in Western aid could lead to Ukraine's collapse and Russian victory. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . War analysts say that the tactics appear to reflect Russian President Putin's theory of victory in Ukraine, revealed earlier this month. "Russian forces have committed only limited forces to this operation so far, which suggests that Russian forces continue to prioritize gradual advances through consistent grinding assaults over operationally significant gains through rapid maneuver," analysts at the Institute of the Study of War assess. This story is available exclusively to Business Insider subscribers.

Persons: —, Yar, Putin's Organizations: Service, Institute of, Business Locations: Russia, Ukraine

☆ US allies agree: Biden's debate performance was shockingly bad
▼ + stars: | 2024-06-28 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

The world seems to agree: Biden's debate performance was terrible. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe world is reacting to Thursday's debate, and one thing is clear: US allies are, at best, collectively face-palming at Biden's performance. The first presidential debate of the 2024 race was a meandering mess for both Trump and Biden, but one consensus emerged: Biden's performance was a bigger disaster. This story is available exclusively to Business Insider subscribers.

Persons: Biden, — Organizations: Media, Service, Trump, Business Locations: Italy, Poland, Germany

☆ Gen Zers and millennials are willing to go on summer vacation at all costs. Literally.
▼ + stars: | 2024-06-28 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at how young people are booking their summer vacations , finances be damned. AdvertisementSurveys from Credit Karma, Bankrate, and Bank of America show Gen Zers and millennials are willing to go on summer vacation at all costs… literally. Almost half of millennials surveyed (47%) were willing to take on debt to fund their travel plans, with Gen Z not far behind (42%). AdvertisementAlmost a quarter of young people surveyed by Credit Karma expected to rack up $2,000 in debt this summer. And about 10% of that group were willing to push it even further, surpassing $4,000 in summer debt.

Persons: —, Joe Biden's, Donald Trump, Rebecca Zisser, John Towfighi, Zers, millennials, Gen, it's, you'll, Credit Karma, Klaus Vedfelt, That's, Rob Chisholm, Alyssa Powell, he's, Joseph Stiglitz, Trump, Stiglitz, Justin Sullivan, Chelsea Jia Feng, ChatGPT, Mark Zuckerberg, Sundar Pichai, — livestreaming, Twitch's Dan Clancy, Tyler Le, Gigi, Sackler, Ebrahim Raisi, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Biden, Business, Credit, Bank of America, Getty, SEC, Purdue Pharma, Dua Lipa, Coldplay Locations: Amalfi, Vegas, ., Glastonbury, New York, London

☆ Silicon Valley figures are not holding back after Biden's disastrous debate
▼ + stars: | 2024-06-28 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Read previewSeveral Silicon Valley figures have offered their thoughts on President Joe Biden's performance in Thursday's presidential debate — and it's not a pretty picture. AdvertisementSome Silicon Valley figures have warmed up to TrumpHeading into Thursday's debate, the election was clearly splitting opinion among Silicon Valley figures. AdvertisementTonight was a clear victory … for memes — Elon Musk (@elonmusk) June 28, 2024Plenty of other tech figures did not hold back when discussing Biden's performance, however. Some tech figures leaned into mockery. Y Combinator cofounder Paul Graham posted on X that "Biden bombing the debate" was good for the party as a better candidate would emerge.

Persons: —, Joe Biden's, it's, influencers, Donald Trump, Biden, Reid Hoffman, Vinod Khosla, Joe Biden, Kimberly White, Elon Musk, Musk, Elon, there's, Hoffman, Khosla, Trump, David Sacks, Sacks, — David Sacks, @DavidSacks, Jason Calacanis, Biden —, Nikita Bier, Shaun Maguire, Delian Asparouhov, Ralph Wiggum, Sarah Guo, Paul Graham, — Paul Graham, @paulg Organizations: Service, Business, Republican, Trump, Cuban Missile, America, Founders Fund, Democrats, Biden Locations: America, Los Angeles, Atlanta, Sequoia, Delian, San Francisco, Silicon

☆ Microsoft and Eli Lilly are among the most overbought stocks as the first half ends
▼ + stars: | 2024-06-28 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Shares of Microsoft registered a 14-day RSI reading of 74. MSFT YTD mountain MSFT YTD Shares of Eli Lilly are also overbought, with a 14-day RSI of 83, putting the drug manufacturer at the top of the list. FedEx is also overbought, with a 14-day RSI of 77. Among the oversold names, Walgreens Boots Alliance and Waters Corporation top the list with a 14-day RSI reading of 20, followed by Pool Corp . with an RSI reading of 22.

Persons: Friday's, Wall, Eli Lilly, Eli Lilly's Organizations: Dow Jones, Nasdaq, Nvidia, Microsoft, CNBC Pro, Union, FedEx, Walgreens Boots Alliance, Waters Corporation, Pool Corp, Walgreens

☆ The 9 best things to stream this weekend, from a new season of 'The Bear' to a heartbreaking Celine Dion doc
▼ + stars: | 2024-06-28 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +1 min

"The Bear" and "The Mole" both returned with new seasons this week. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . FX's critically acclaimed dramedy starring Jeremy Allen White as a young chef in Chicago returned for its third season. This story is available exclusively to Business Insider subscribers.

Persons: Lily Gladstone, —, they're, FX's, Jeremy Allen White Organizations: Netflix, realtors, Service, Business Locations: Chicago

☆ RBC Brewin Dolphin: Overweight in U.S. stocks and tech
▼ + stars: | 2024-06-28 | 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 EmailRBC Brewin Dolphin: Overweight in U.S. stocks and techJanet Mui, head of market analysis at RBC Brewin Dolphin, says investors will still prefer to hold mega-cap tech and other stocks with strong balance sheets as U.S. economic data starts to slow.

Persons: Janet Mui Organizations: RBC

☆ The lack of EV charging infrastructure is so bad it's driving owners back to gas-powered cars
▼ + stars: | 2024-06-28 | by ( Nora Naughton | ) www.businessinsider.com time to read: +3 min

Read previewIssues with charging have nearly half of electric vehicle owners in the US considering going back to fossil fuels – the latest bad sign for the EV transition. The top reason respondents listed for ditching their EV was a lack of charging infrastructure. Charging infrastructure here has long been a hot-potato issue, which has held back efforts to build more chargers. While a push from the automotive industry to fund charging infrastructure has led to a boom in public charging stations in the last two years, these have largely been money-losing ventures. On the government side, the Biden Administration has set aside $7.5 billion for charging infrastructure with a vow to add 500,000 EV charging stations by 2030.

Persons: —, Tesla, Biden Organizations: Service, McKinsey & Co, EV, Business, Biden Administration Locations: Australia

☆ Rupert Murdoch just slashed the price of his Manhattan penthouse by half. See inside the $28.5 million apartment he can't seem to sell.
▼ + stars: | 2024-06-28 | by ( Maria Noyen | ) www.businessinsider.com time to read: +1 min

Rupert Murdoch has cut the price of his three-floor New York City apartment to $28.5 million. to $28.5 million. The media mogul, 93, listed the property for $62 million in 2022. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Now, in his latest bid to shift the property, he's selling it for $28.5 million, more than half its original listing price.

Persons: Rupert Murdoch, —, Elena Zhukova Organizations: Service, Fox Corporation, News Corp, Air, Business Locations: York City, Manhattan, New York City, Madison, Bel, Air , California

☆ Here are Friday's biggest analyst calls: Nvidia, Apple, Nike, First Solar, Deere, Alphabet, Amazon, ASML & more
▼ + stars: | 2024-06-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Wells Fargo reiterates Nvidia as overweight Wells said it's sticking with its overweight rating on the stock. "We initiate coverage of net lease REIT Essential Properties (EPRT) with a Buy rating and $33.00 12-month price target. Citi reiterates Apple as buy Citi moved the tech giant up a spot to its number 2 top pick. Wells Fargo reiterates Amazon as buy Wells raised its price target on Amazon to $239 per share from $234. "We initiate coverage of Intuitive Machines, Inc. (LUNR) with a Buy rating and a 12-month price target of $8 per share."

Persons: Raymond James, Deere, it's, Morgan Stanley downgrades Nike, Morgan Stanley, Wells, Goldman Sachs, Goldman, Oppenheimer, Riley, Piper Sandler, Piper, managements, it's bullish, Rosenblatt, ASML Organizations: Deutsche Bank, Deutsche, Nvidia, Properties Realty Trust, Apple, Citi, Xerox, JPMorgan, Realty Trust, Inc, Travelers, Susquehanna, Nextracker, BMO, SAP Locations: Americas, China

☆ Photos show Americans' horrified reactions to the Biden-Trump debate
▼ + stars: | 2024-06-28 | by ( Talia Lakritz | Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Joe Biden and Donald Trump faced off in the first 2024 presidential debate. Biden's poor performance sparked panic among Democrats, and Trump lied throughout. Photographers across the US captured viewers' reactions to the debate ranging from dread to alarm. AdvertisementAcross the US, many viewers of the first 2024 presidential debate between Joe Biden and Donald Trump appeared to find the spectacle difficult to watch. As Biden's convoluted answers and poor performance sparked panic among Democrats, Trump dodged questions in favor of offering lies and misleading statements about his own political record.

Persons: Joe Biden, Donald Trump, Trump, — Organizations: Photographers, Service, Business

☆ AI is everywhere, and businesses don't know where to start. Here's what consultants are telling clients.
▼ + stars: | 2024-06-28 | by ( Lakshmi Varanasi | Tim Paradis | ) www.businessinsider.com time to read: +8 min

Some 900 of PwC's top 1,000 consulting clients are now working with the firm on incorporating AI into their businesses, a spokesperson told Business Insider. Even as some companies focus on how AI might rewrite corporate playbooks, some businesses are asking consultants how to get started. Advertisement"Many CIOs are afraid that they don't have the right skills," he told BI. Where to beginMany companies are still determining how they might use AI and GenAI, according to several consultants. This enables greater seamlessness down the line, and that is where the magic lies," he told BI.

Persons: —, Ben Ellencweig, Allison Bailey, Bailey, Greg Sward, They're, Jim Rowan, Rowan, Vlad Lukic, Roy Singh, Joe Atkinson, Atkinson, Deloitte's Rowan, Bain's Singh, PwC's Atkinson, he's, Singh Organizations: Service, Business, McKinsey & Company, Boston Consulting, KPMG US, Deloitte Consulting, Bain & Company, Companies, Carrefour, & $

☆ Even Kamala Harris acknowledged that Biden's debate performance was rough
▼ + stars: | 2024-06-28 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +1 min

It was so bad that even Vice President Kamala Harris acknowledged it. "It was a slow start, that's obvious to everyone," she said on CNN. AdvertisementEven Vice President Kamala Harris said Joe Biden's first debate against Donald Trump went poorly for him. "Yes there was a slow start, but it was a strong finish," Harris said at the beginning of an interview with CNN anchor Anderson Cooper following the debate. Pressed later on whether she was concerned, Harris reiterated the point: "It was a slow start, that's obvious to everyone.

Persons: Joe Biden flailed, Donald Trump, Kamala Harris, —, Joe Biden's, Harris, Anderson Cooper, I'm Organizations: CNN, Service

☆ Democrats are freaking out after Biden's debate performance
▼ + stars: | 2024-06-28 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +6 min

Read previewPresident Joe Biden wanted the earliest major presidential debate in history. Biden turned in a performance so disastrous that prominent Democrats are questioning if the president can even go on. Advertisement"It was a really disappointing debate performance from Joe Biden," Kate Beddingfield, Biden's former White House communications direction, said shortly after Axelrod. I loved Joe Biden, I worked for Joe Biden," Jones said. Related storiesOne former White House aide told Politico that Biden's performance was "terrible."

Persons: —, Joe Biden, Biden, Obama White, David Axelrod, Axelrod, Biden's, Kate Beddingfield, Van Jones, Jones, Kamala Harris, Harris, Anderson Cooper, Donald Trump, Robert Hur, Michael Hardaway, Hakeem Jeffries, — Michael Hardaway, Quentin James, James, Andrew Yang, it's, Eugene Daniels, wasn't, Biden relishes, Hur, Obama didn't, Obama's, David Plouffe Organizations: Service, Fox News, Obama, CNN, Business, White House, Major, Trump, White, Politico, Union, Collective PAC, New York Times, Times, Democratic, Georgia Tech's Locations: Iowa, Georgia

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