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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla is the most undervalued AI play in the market, says Wedbush's Dan IvesHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Tesla, Wedbush's Dan Ives, Brian Sullivan, Organizations: CNBC
“Oh, I like that.”The film’s writer-director Yorgos Lanthimos, a connoisseur of Biblical violence and creator of cursed demimondes, likes to push viewers to the limit. Hong Chau and Jesse Plemons in "Kinds of Kindness." Courtesy Searchlight PicturesIn “Kinds of Kindness,” Lanthimos injects Old Testament logic into everyday life in twisted parables about the social contracts we write one another. Alwyn, a veteran of “The Favourite,” is in many ways the typical Lanthimos actor. “Kinds of Kindness” is available in select US cinemas from June 21, and released nationwide and in the UK on June 28.
Persons: Jesse Plemons, , Yorgos Lanthimos, Plemons, Emma Stone, Willem Dafoe, Hong Chau, Joe Alwyn, Margaret Qualley, Mamoudou, , Oscar, Tony McNamara, Lanthimos, Efthimis Filippou, Dafoe, Stone, she’s, Atsushi Nishijima, Alwyn, ” Athie, isn’t, ” Dafoe, Omi, we’re, God, Raymond, , Colin Farrell, Christos Stergioglou’s fabulist, curdles, awfulness, Emily, ” Alwyn, he’s Organizations: CNN, Cannes Film, Searchlight, coy Locations: Hong, America,
CNN —Ten people have been shot, 2 fatally, following an active shooter incident at Mad Butcher Grocery in Fordyce, Arkansas, according to state police. “At approximately 11:30 a.m. today, Arkansas State Police responded to a shooting incident at the Mad Butcher grocery store in Fordyce,” said a news release from Arkansas State Police. Rodriguez says the Mad Butcher grocery store’s front windows were broken as if they had been “shot open” by gunfire. As the shooting unfolded, some people hid in a cooler in the grocery store, Fordyce City Council Member Roderick Rogers told CNN affiliate KATV. He said he was on the phone with someone in the store when the shooting took place.
Persons: Mad Butcher, , Sarah Huckabee Sanders, David Rodriguez, , Rodriguez, Butcher, Matthew Gill, Roderick Rogers, ” Rogers, Fordyce Organizations: CNN, , Arkansas, Police, Mad, Arkansas State Police, KATV Locations: Fordyce , Arkansas, Fordyce, United States, Dallas County
US stocks moved slightly lower on Friday following a sharp reversal in tech stocks on Thursday. AdvertisementThe AI-fueled tech rally showed signs of exhaustion, with the stalwart Nvidia experiencing a near 7% swing in Thursday's trading session, rising as much as 3% before it finished the day lower by 3.5%. Other AI tech darlings saw sharp reversals and moved lower on Thursday, with those losses spilling over into Friday's trading session. There is rising inventory and a perceived drop in traffic that is recessionary in its level," GlobalData TS Lombard said on Thursday. Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Friday:AdvertisementHere's what else is going on today:In commodities, bonds, and crypto:
Persons: GlobalData, Lombard Organizations: Nvidia, Dell, Broadcom, Micro, Federal Reserve Locations: Here's
Top States for Business: Infrastructure takes center stage
  + stars: | 2024-06-21 | 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 EmailTop States for Business: Infrastructure takes center stageHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Brian Sullivan, Organizations: Business, Infrastructure, CNBC
Overpaying for Medicine
  + stars: | 2024-06-21 | by ( Reed Abelson | Rebecca Robbins | ) www.nytimes.com   time to read: +1 min
But there’s another reason: middlemen known as pharmacy benefit managers, or P.B.M.s. But in their quest for higher profits, they are quietly driving up prescription drug costs. Your pharmacy benefit manager is often invisible to you unless you’re having trouble filling a prescription. (You probably rely on one of the big three: CVS Health’s Caremark, Cigna’s Express Scripts or UnitedHealth Group’s Optum Rx.) Today, we published a story about these companies, how they affect drug spending and how they amassed so much control with so little transparency.
Persons: you’re Organizations: Cigna’s
After my kids were born, my love for online grocery ordering grew even more. While I used to use a grocery delivery service nearly every week, I only use it in a pinch now. On top of that, there can be things like pick-up fees, service fees, delivery charges, and tips if you use a grocery delivery service. All of this means that I end up having to go to the grocery store anyway, usually stressed because I was counting on the grocery delivery service to save time. Using a grocery delivery service can save time and energy, but it also comes with added costs and, oftentimes, frustration.
Persons: , Elliott Harrell's, Elliott Harrell, I'm, I've Organizations: Service, Business
If you’ve ever had trouble getting a prescription drug, chances are you’ve run into a pharmacy benefit manager. These companies, known as P.B.M.s, play a crucial but often hidden role in deciding which drugs you can get and how much you will personally have to pay. They are middlemen in the maddeningly complex American health care system, working on behalf of your employer or government insurance programs like Medicare, which cover most of the costs of prescription drugs. is to save money on your medications. But The New York Times found that the three biggest P.B.M.s are often making you pay more than you should.
Persons: you’ve Organizations: New York Times
Read previewThe Federal Reserve's reluctance to lower interest rates in the near term is a risky gamble that could drive the US towards a recession, Claudia Sahm told CNBC. "But it's a real risk, and I do not understand why the Fed is pushing that risk. At current readings, that likely means just one rate cut in 2024, the Fed said. For this reason, Sahm told CNBC that the Fed should start a gradual cutting cycle now, and take the economy off a path that could require more severe action if not addressed. Markets, meanwhile, remain convinced that the Fed will follow with more than just one cut.
Persons: , Claudia Sahm, I'm, Sahm, Mohamed El Organizations: Service, CNBC, Business
A United Airlines Airbus A320 flight bound for Denver had to turn back after takeoff. A piece of its engine's sound-dampening outer liner fell off, causing an "abnormal noise." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA United Airlines flight from Connecticut to Colorado had to turn back shortly after takeoff after a piece of its engine cover fell off. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: United Airlines Airbus, Service, United Airlines, Airbus, Bradley International Airport, Federal Aviation Administration, Crew, FAA, Business Locations: Denver, Connecticut, Colorado, Hartford
I made classic vanilla ice cream using the bag trick, blender method, and Ninja Creami. The Ninja Creami required over 24 hours of time and the bag method took about 15 minutes. I liked the three-ingredient blender method the best because the ice cream had a great texture. AdvertisementI love frozen treats and always thought there was something about making homemade ice cream out of just a few, simple ingredients that's extremely satisfying. I made traditional vanilla ice cream three ways using the bag trick, the three-ingredient blender method, and my $200+ Ninja Creami.
Persons: Creami, , who'd Organizations: Service, Business
With stocks set to close out a strong first half of 2024, investors have just one more key inflation hurdle to clear in the week ahead: May's personal expenditure report. Next week's personal consumption expenditure data, the Federal Reserve's preferred inflation gauge, could show whether that overall picture is intact. May's consumer price index, for example, showed no increase from the prior month. Last month's producer price index , a measure of wholesale prices, unexpectedly dropped from the previous reading. Pending Home Sales Index (May) 11 a.m. Kansas City Fed Manufacturing Index (June) Earnings: Nike, Walgreens Boots Alliance , McCormick & Co. Friday June 28 8:30 a.m.
Persons: Stocks, Terry Sandven, Goldman Sachs, David Kostin, Scott Chronert, Brian Leonard, Leonard, Bank's Sandven, Sandven, Mills Organizations: Nvidia, Microsoft, U.S, Bank Asset Management, Federal, PCE, Bank of America Securities, Wall, Keeley, Advisors, FedEx, Dow, Nasdaq, Dallas Fed, Chicago, Richmond Fed, Carnival, New, Micron Technology, . Kansas City Fed Manufacturing, Nike, Walgreens Boots Alliance, McCormick, Chicago PMI Locations: . Kansas, Chicago, Michigan
Traders work on the floor of the New York Stock Exchange during morning trading on Feb. 29, 2024. Michael M. Santiago | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayGet the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are. SubscribeThe bottom line
Persons: Michael M Organizations: New York Stock Exchange, Santiago, CNBC
AdvertisementIn Australia, I've benefited from financial support from my parents and partner. I don't pay rent or utilities except for WiFi. AdvertisementI also think that this culture has allowed me to feel less pressure to go out and I've performed better academically. I don't think my job outcome would have been as good if I were in the US. My parents plan on coming back to Australia when they retire, so I am very much looking forward to that.
Persons: , Aolin Xu, I've, I, they're, Australia doesn't, Ernst & Young Organizations: Service, Business, University of New, UNSW, Australian, US, Ernst & Locations: Australia, Washington, Canada, America, University of New South Wales, Sydney, Bali, Malaysia, EY
US stocks finished the week higher even as the AI trade showed signs of exhaustion. Some economists are calling on the Fed to cut interest rates in July as the risk of a recession grows. AdvertisementUS stocks closed mixed on Friday but finished the week higher even as the artificial intelligence trade showed signs of stumbling. Leading the market higher this week was the Dow Jones Industrial Average, which was up nearly 2%. The S&P 500 and Nasdaq 100 finished the week higher by about one-half of a percent.
Persons: Dow Jones, , Claudia Sahm, Sahm, I'm Organizations: Nasdaq, Service, Dow Jones, Nvidia, Broadcom, Dell, Federal Reserve, CNBC
CNN —Robert Winnett, the British journalist who was slated to take over as executive editor of The Washington Post, will no longer join the newspaper. Washington Post publisher Will Lewis broke the news to newspaper staffers in a memo Friday morning. “It is with regret that I share with you that Robert Winnett has withdrawn from the position of Editor at The Washington Post. After a scathing report from Washington Post staff, Robert Winnett will remain at the Daily Telegraph and will not join the Post as its new editor. Spokespersons for the Telegraph and The Washington Post did not immediately comment.
Persons: Robert Winnett, Will Lewis, Rob, ” Lewis, , Winnett, , Chris Evans, “ I’m, Rob Winnett, ” “, Matt Murray Organizations: CNN, The Washington Post, . Washington Post, The Telegraph Media, Washington Post, Daily Telegraph, LinkedIn, Post, London’s Telegraph, Telegraph Locations: British
Guenther Steiner likened being the team principal of Haas F1 to "being the CEO of a small company." "The good news is no two days are the same," said James Vowles, Williams Racing's team principal. Guenther Steiner, a former team principal of the Haas F1 team who's now an ambassador for the Miami Grand Prix, said the job was sort of like running a corporation. Brown said the top traits he looked for in a team principal were selflessness, a focus on performance, and a willingness to lead by example. "Andrea is a team principal that focuses on his team, putting his people first."
Persons: James Vowles, Guenther Steiner, , Williams, Rudy Carezzevoli, Vowles, Alex Albon, Albon, Haas, Kevin Magnussen, PETER, Steiner, I'm, Zak Brown, Andrea Stella, Lando Norris, Brown, Stella, wasn't, Andrea, he's Organizations: Williams Racing, Haas, Service, Netflix, Brawn, Mercedes, Constructors, Miami Grand Prix, Getty, McLaren Locations: Bahrain, Williams
A 40-year-old man was fatally stabbed at an Upper Manhattan subway station Friday night during a dispute with another person, the police said. Officers responding to a 911 call about a person stabbed at the West 175th Street A train station in Washington Heights just before 6 p.m. found the man near the turnstiles on the mezzanine level, the police said. Around 8:30 p.m., a station entrance on Fort Washington Avenue between West 174th and 175th Streets was closed off with yellow police tape. A trains were skipping the station, according to the Metropolitan Transportation Authority, which operates the subways. Police officers at the station entrances were directing riders to take the bus or head to stations at West 181st or 168th Streets.
Organizations: West, Harlem Hospital, Fort Washington, West 174th, Metropolitan Transportation Authority, Police, West 181st Locations: Upper Manhattan, Washington Heights, Fort, West
CNN —Angel Reese set a new WNBA record by becoming the first rookie in history to record seven consecutive double-doubles. Only two-time MVP A’ja Wilson is averaging more rebounds per game than Reese. It was a comfortable wire-to-wire win for the Sky, who led by as much as 22 points in the third quarter. The Wings made a run to close the gap to nine points in the fourth but never looked like getting within striking distance. Marina Mabrey and Chennedy Carter finished with a team-high 19 points each for the Sky, while rookie Kamilla Cardoso finished a point shy of a double-double with nine points and 11 rebounds.
Persons: Angel Reese, ” Reese, , ” Candace Parker, Reese, A’ja Wilson, Marina Mabrey, Chennedy Carter, Kamilla Cardoso, Arike Ogunbowale, Caitlin Clark’s Indiana Organizations: CNN, LSU, Chicago Sky, Dallas Wings, ESPN, Sky, Wings, Washington Mystics Locations: Chicago
Donald Trump’s potential vice president picks
  + stars: | 2024-06-21 | by ( Kaanita Iyer | ) edition.cnn.com   time to read: +15 min
CNN —Former President Donald Trump has been busy in recent weeks. Doug Burgum speaks during a campaign event with former President Donald Trump, in Laconia, New Hampshire, in January. Vance, shakes hands with former President Donald Trump during a rally hosted by the former president at the Delaware County Fairgrounds in Delaware, Ohio. He is also close with Donald Trump Jr.Vance, a former venture capitalist, veteran and author, is among the candidates who received vice-presidential vetting materials from the Trump campaign. Rep. Byron Donalds speaks before former President Donald Trump at the “People's Convention” of Turning Point Action on June 15, 2024, in Detroit.
Persons: Donald Trump, Trump, Doug Burgum, Al Drago, Burgum, Burgum —, , CNN’s Kaitlan Collins, , ” Burgum, , Sen, Marco Rubio, Joe Raedle, Florida Sen, Marco Rubio —, Rubio, Joe Biden, Vance, Drew Angerer, Vance Ohio Sen, J.D, Donald Trump Jr, Mike Pence’s, Tim Scott, Justin Sullivan, Tim Scott Trump, Scott, Nikki Haley, Elise Stefanik, Chip Somodevilla, Stefanik, Stefanik —, she’s, Ben Carson, Anna Moneymaker, Carson —, — didn’t, ” Carson, Carson, ” Trump, Byron Donalds, Carlos Osorio, Ron DeSantis, Donalds, Jim Crow, ” Donalds, ” “, Tasos Katopodis, Biden, Haley, ” Haley, didn’t, Tom Cotton, Andrew Harnik, Tom Cotton Arkansas Sen, Cotton, Tulsi Gabbard, Brendan Smialowski, wokeness, ” Gabbard, Gabbard, CNN’s Veronica Stracqualursi, David Wright, Shania Shelton, Kristen Holmes, Steve Contorno, Stephen Collinson, Avery Lotz, Manu Raju, Alayna Treene, Kate Sullivan, Aaron Pellish, Jeff Zeleny, Eva McKend, Gregory Krieg, Kylie Atwood, Arit John, Ebony Davis, Clare Foran, Ali Zaslav, Ted Barrett Organizations: CNN, Republican National Convention, North Dakota Gov, Bloomberg, Getty, Doug Burgum North Dakota Gov, Microsoft, Trump, Miami - Dade Country Fair, Delaware County Fairgrounds, Capitol, Fox News, Greenville Convention Center, South, Republican, Senate, South Carolina Gov, Grace Baptist Church, Ben Carson Former Housing, Urban, Department of Housing, Florida Gov, Trump ”, Democratic, Press, GOP, United Nations, UN, National Security Council, House, Senate Republican, NBC, Conservative Political, Conference, Tulsi, Former Hawaii Rep, Democratic National Committee, Democrat, New York Times, Defense Department, State Department Locations: New York, Laconia , New Hampshire, Miami, Florida, Delaware, Delaware , Ohio, Congress, Ukraine, Greenville, Greenville , South Carolina, South Carolina, Grappone, Concord , New Hampshire, Marion , Iowa, Detroit, Byron Donalds Florida, Trump, West Des Moines , Iowa, Washington , DC, Afghanistan, Iraq, National Harbor , Maryland, AFP, American
And now, as an incoming college freshman, he’s listed at 7’9’’ — and poised to be the tallest college basketball player ever. Olivier Rioux, once the record holder as the tallest teenager in the world, is now listed on the University of Florida’s men’s basketball roster after committing to the Gators last fall. And, if Rioux makes it to the NBA, he’ll become the tallest NBA player ever, too. He sees everything from a higher angle, he said, which “gives me an advantage during a game.”Rioux has said his towering height is likely due to genetics. Yet even at his lofty height, Rioux still isn’t the tallest man in the world.
Persons: he’s, , Olivier Rioux, Paul Sturgess, 7’8 ”, Rioux, he’ll, Rioux hasn’t, Guiness, , ” Rioux, , 6’8 ”, 6’2, “ We’re, didn’t, Sultan Kösen Organizations: CNN, University of Florida’s, Gators, Florida Tech, Mountain, NBA, Guinness Locations: Montreal, Mountain State, Turkish
CNN —Justin Timberlake is set to return to the stage. Timberlake is appearing as part of his “Forget Tomorrow” world tour. After visiting a local hotel restaurant and bar, Timberlake was observed around 12:37 a.m. Tuesday morning “operating his vehicle in an intoxicated condition,” according to Sag Harbor Police. Timberlake had told police he “had one martini and followed my friends home,” according to court records. After this weekend’s shows, Timberlake is scheduled to return to New York with his tour for performances at Madison Square Garden on June 25 and 26.
Persons: Justin Timberlake, Timberlake, , ” Timberlake Organizations: CNN, United Center, Sag Harbor Police, BMW, Sag Harbor Village Police Department, Madison, Garden Locations: Sag Harbor , New York, Chicago, Sag, Sag Harbor, New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNow is not a bad time to take gains off the table, says Cleo's Sarah KunstHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Sarah Kunst, Brian Sullivan, Organizations: CNBC
Days before admittedly stabbing and dismembering tech CEO Fahim Saleh, ex-personal assistant Tyrese Haspil admittedly used $750 of his victim's money to buy this 6-by-6-inch cake for his girlfriend. Anything less than unanimity — say if one juror accepts Haspil's EED defense and 11 do not — will cause a mistrial. Killer Tyrese Haspil, left, and Fahim Saleh in the lobby of Saleh's Lower Manhattan condo complex, one minute before the attack. Tyrese Haspil, accused of the 2020 murder-dismemberment of tech CEO Fahim Saleh, in state Supreme Court in Manhattan. Fahim Saleh is facing his killer, Tyrese Haspil, as the elevator doors close on the victim's apartment.
Persons: , They'll, Tyrese, Fahim Saleh, Haspil, Saleh, Tyrese Haspil, Louis Vuitton, Chauveau, Alan Chin, who'd, Barry Rosenfeld, he'd, Linda Ford, He'd, Exed, Tasers, Fahim Saleh's, Joseph Goldstein, Sam Roberts —, Society — Organizations: Service, Business, Attorney, Louis, Manhattan, Home Depot, York Penal Law, Amazon, Buy.Taser.com, New York, Society Locations: Manhattan, France, Lower Manhattan, American, Gokada, Nigeria, Brooklyn, Lagos, New York, balaclava, New
Companies known as pharmacy benefit managers, or P.B.M.s, are at the center of a system that can make it extraordinarily difficult to get your medication. These companies are hired by your employer or your health insurer to manage your prescription drugs. We just published an article explaining how P.B.M.s work, and we’re continuing to report on this subject. We want to hear about your experiences — positive or negative — with these companies. Maybe they put up roadblocks that made it hard for you to get your medication.
Persons: It’s Organizations: CVS, The New York Times
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