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☆ McDonald's to end AI drive-through test with IBM
▼ + stars: | 2024-06-17 | by ( Kate Rogers | ) www.cnbc.com time to read: +4 min

The drive-through menu at a McDonald's restaurant showing various meal options and promotions, in Buttonwillow in Kern County, California, on 23, 2024. The fast-food giant will end a test run of its AI drive-through technology partnership with IBM in more than 100 restaurants. In a statement, McDonald's told CNBC it is not ruling out potential AI drive-through plans in the future, even though it ended the IBM partnership. In statement, IBM said it will work with McDonald's on "a variety of other projects" as the test ends. While McDonald's AI plans for the future are unclear, all eyes will be on Alphabet 's Google.

Persons: Mason Smoot, McDonald's, Sundar Pichai, Peter Saleh, Saleh Organizations: IBM, CNBC, McDonald's, Yum Brands, Mastercard, Google Locations: Buttonwillow, Kern County , California, Del Taco, Barcelona

☆ Andy Sieg Could Be Citi's Next CEO If He Can Fix a Broken Wealth Business
▼ + stars: | 2024-06-17 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +23 min

Andy Sieg shocked the finance industry last spring when he left Merrill Wealth Management. AdvertisementBank of America analyst Ebrahim Poonawala recently argued that Citi should consider selling the wealth business if it cannot improve its profitability. AdvertisementWhile Sieg has told Citi managing directors to manage up less, a former Merrill executive who worked under him said Sieg was adept at it. Former Citi managing directorAdvertisementVahid's position will be taken by Kris Bitterly, the global head of investment products, in September. Mirroring tactics that supercharged Merrill, Sieg has changed Citi Wealth's compensation scheme to prioritize asset gathering, to the consternation of several employees.

Persons: Andy Sieg, Kevin Crain, Sieg, Crain, Jane Fraser, Fraser, Morgan Stanley, Merrill, Smith Barney, Ebrahim Poonawala, Wells, Mike Mayo, Brian Moynihan, Alex Wong, Moynihan, Fraser isn't, Mayo, anoint, Jamie Dimon, Jennifer Piepszak, Marianne Lake, Viswas Raghavan, Jane, He'd, George H, Bush, Bill Schreyer, Merrill Lynch, Dave Komansky, David Komansky, YOSHIKAZU TSUNO, Phil, Doug, Lord Abbett, David Poole, Citi's, there's, That's, Poole, Glenn Schorr, Jim O'Donnell, O'Donnell, Sieg's, Andy Sieg's, Naz Vahid, David Bailin, Bailin, Naz, Phil Waxelbaum, Vahid, Kris, Don Plaus, Keith Glenfield, Dawn Nordberg, Edward Jones, They're, Ernst & Young, he's Organizations: Merrill Wealth Management, Business, Citi, Bank of America, Morgan, BI, Merrill, Bank, Citigroup, JPMorgan, Harvard, Penn State, JPMorgan Advisors, United Arab, Citi . Citi, Work, Citi lifer, Former Citi, North, Citi Alliance, Citi Wealth, Bloomberg, Ernst &, Citizens Bank Locations: Sieg, Wells Fargo, Merrill, Bellefonte , Pennsylvania, Poole, Singapore, United Arab Emirates, Mexico, London, Aventura , Florida, Asia, Manhattan, North America

☆ 'Inside Out 2' takes $295 million and breaks box-office records in a big boost for Disney
▼ + stars: | 2024-06-17 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Read preview"Inside Out 2" smashed box-office records this weekend, giving Disney a big boost as the summer blockbuster season kicks off. On that measure it's a better debut than "The Super Mario Bros Movie" managed and is also the biggest worldwide opening weekend of the year, Deadline reported. Latin America in particular embraced "Inside Out 2" with open arms, giving it a $61 million total across the region. Related storiesDisney also said "The Incredibles 2," released in 2018, was the only Pixar release to perform better in the US across its opening weekend. AdvertisementThe first "Inside Out" made $90 million in the summer of 2015 with a $858 million global total.

Persons: —, Mario, Disney, Shawn Robbins, Mouse, Guy Organizations: Service, Disney, Business, Pixar, Marvel Locations: America

☆ This Canadian city has found the sweet spot between low cost of living and high quality of life
▼ + stars: | 2024-06-17 | by ( Polly Thompson | ) www.businessinsider.com time to read: +1 min

Many Americans are struggling to afford a fun lifestyle amid the high cost of living. But just north of the border, Montreal offers residents a balance between high quality of life and low prices. Only a handful of major cities have found that sweet spot, according to consulting firm Mercer. But one Canadian city has found the perfect balance between offering its residents a great quality of life for a relatively low cost, according to Mercer's 2024 cost of living report. The study compared 226 cities worldwide according to their cost of housing, transport, food, clothing, household goods, and entertainment.

Persons: Mercer, — Organizations: Service, Business Locations: Montreal

☆ ‘Pig butchering’ crypto scam: Americans taking their lives after losing savings to international criminal gangs
▼ + stars: | 2024-06-17 | by ( Teele Rebane | Ivan Watson | ) edition.cnn.com time to read: +17 min

In early March, Dennis’ children scheduled a meeting to help their father get back on his feet after the scam. Matt and Adrienne lost their father Dennis to suicide in March after he fell victim to a cryptocurrency investment scam. Hard to believe I’m falling for a man I have never seen or spoken to,” Carina told him just a few weeks in. Carina, scam victimCarina didn’t tell her family about what had happened and the stress she was under until the very final moment. After months of hiding it, Carina told her family, who suggested she speak to Kraken directly.

Persons: Matt, “, Adrienne’s, Dennis Jones, Jessie, ”, Dennis, Dennis ’, Adrienne, ” Matt, Chris Turner, Amanda Swinhart, they’ve, Erin West, “ I’ve, I’ve, Erin, “ We’ve, Shawn Bradstreet, Jim Castel, Bradstreet, Bumble, GASO, that’s, Tom Booth Rakesh, Rakesh, “ Klara Semonov, Tawee Sodsong, Tom Booth Pachara, Jeff Rosen, ’ Carina, “ Evan ”, Carina, WhatsApp, ” Carina, Evan Van ”, CNN Evan, Evan, consoling, Jim Castel ‘, ” Dennis messaged, ” Adrienne, Carina didn’t, “ It’s, ” Dennis ’ Organizations: Lifeline, International Association for Suicide Prevention, Befrienders Worldwide, CNN, Facebook, FBI, San, LinkedIn, Meta, Indian, Thai National Broadcasting, Befrienders Locations: Virginia, Southeast Asia, scammers, Santa Clara, California’s Bay, San Francisco, Myanmar, Cambodia, Laos, Thailand, Thai, ”, Russian, Salt Lake City, scamming

☆ Your next iPhone could be thinner as Apple reportedly aims to slim down its product range
▼ + stars: | 2024-06-17 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

The iPhone 15 Pro is 0.32 inches (8.25 mm) deep, compared with 0.29 inches (7.4 mm) for the iPhone 12 Pro, per Apple's website. Apple announced at the Worldwide Developers Conference it would integrate its new AI software, Apple Intelligence, into the iPhone, iPad, and Mac. The AI features will roll out later this year with Apple's iOS 18 update, but will only be available to iPhone 15 Pro and 15 Pro Max users. Android chief Sameer Samat previously told Business Insider that it plans to seize the moment to "reinvent" what phones can do. AdvertisementApple didn't immediately respond to a request for comment from Business Insider, made outside normal working hours.

Persons: —, Apple, Mark Gurman, Gurman, Mac, It's, Sameer Samat Organizations: Service, Business, Apple, Worldwide, Apple Intelligence, Pro Max, Google, Samsung, Android, Bank Of America Securities

☆ 'Inside Out 2' saved the summer box office — and proved Pixar was right to lean on sequels
▼ + stars: | 2024-06-17 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewDisney proved it still has some box-office firepower this weekend with Pixar's "Inside Out 2." The film had the biggest three-day opening weekend of the year, grossing $155 million domestically and $295 million worldwide. That's also the second-biggest domestic opening ever for an animated movie, behind another Pixar title, 2018's "Incredibles 2" ($182.6 million). AdvertisementClearly, now that Pixar movies are back in theaters, they're going to be playing everywhere — and that strategy is working.

Persons: —, That's, Will Smith, Luca, Oscar, Riley, Bing Bong, it's, It's, Alisha, Bob Iger, Raya, John Krasinski's, you'll, Indiana Jones Organizations: Service, Pixar, Business, Disney, Hollywood Locations: Oklahoma

☆ Apple Is the First Giant Tech Company to Make Useful AI Products
▼ + stars: | 2024-06-16 | by ( Linette Lopez | ) www.businessinsider.com time to read: +9 min

Apple's scale and specificity of vision also make it the first Big Tech company to get AI integration right. The fact that people are disappointed in Apple says more about the hype around AI's capabilities than it does about Apple. In that way, Apple's cautious approach may be a service for the rest of the tech industry. By slowly acclimatizing its constellation of users to AI that makes their lives better instead of frustrating them, Apple makes the tech feel like a natural upgrade instead of an unreliable, scary intrusion. AdvertisementSure, Apple's AI may not be sexy or scary, but at least it doesn't seem stupid.

Persons: Katie Collins, Mark Gurman, Jordan Hart, Elon Musk, OpenAI's, Marc Andreessen's, confidants, Musk, Tesla, AI's, that's, Yann LeCun, Siri Organizations: Worldwide Developers, Apple, Apple Intelligence, Big Tech, Nvidia Locations: Silicon Valley, Silicon, Albany, New York City, New York

☆ 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

☆ 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 Warren Buffett said about GameStop mania then, as the frenzy returns in 2024
▼ + stars: | 2024-06-16 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Meme stock and erstwhile videogame retailer GameStop is back in the limelight as Reddit ringleader Roaring Kitty stirs up another trading frenzy. Warren Buffett commented at length about the speculative behavior during the first GameStop mania in 2021. Then, the "Oracle of Omaha" called the stock market a gambling parlor for retail investors, encouraged by Wall Street's investment banks and brokerages. "It's become a very significant part of the casino group that has joined into the stock market," Buffett said at 2021's Berkshire annual meeting . Options trading in GameStop exploded after Roaring Kitty, whose legal name is Keith Gill, touted his large positions in those risky vehicles.

Persons: Kitty, Warren Buffett, Wall, It's, Buffett, They've, Keith Gill, John Maynard Keynes Organizations: GameStop, Berkshire, Citadel Securities Locations: Omaha

☆ Early bets on AI have helped this global tech fund outperform for a second year
▼ + stars: | 2024-06-15 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

An early bet on artificial intelligence thanks to a simple investment framework is helping the T. Rowe Price's Global Technology Fund (PRGTX) outperform the market for a second straight year. "Our framework led us to be early to this AI trend, [and] led us to be early to the chip intensity of this AI trend." That's due in part to its winning bets in AI names and semiconductor stocks – many of which have outperformed the S & P 500 and Nasdaq Composite . Early bets on AI Key to the $4.5 billion fund's recent success has been early positions in AI stocks and chipmaking darling Nvidia . The AI leader — added to the fund at the end of 2021 — today accounts for nearly 18% of the portfolio.

Persons: Rowe, Dominic Rizzo, Rizzo, Rowe Price lifer, —, Rizzo's, Siri, Morningstar Organizations: Global Technology Fund, Nasdaq, Nvidia, Taiwan Semiconductor Manufacturing, Devices, ASML, Apple, Microsoft, University of Chicago Booth School, Business, Worldwide Developers, Apple Intelligence, SAP

☆ Take a look at some of the coolest new AI features announced by Apple that you may have missed
▼ + stars: | 2024-06-15 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Read previewTim Cook unveiled Apple's generative AI strategy, which it calls "Apple Intelligence," at its Worldwide Developer Conference earlier this week. At its biggest conference, Apple revealed a bunch of cool AI features that will be launched through its upcoming software update, iOS 18, and on its latest Mac and iPad operating systems. Apple said Mail is also getting a "Smart Reply" boost, which will offer suggestions for automatic responses. It will also have a "Reduce Interruptions" feature that Apple says will "help users stay present" in whatever they are focused on. Record and transcribe audio files in the Notes appNotes is getting an AI boost.

Persons: —, Tim Cook, Apple, Siri, Siri's, You'll Organizations: Service, Apple Intelligence, Worldwide, Apple, OpenAI, Business

☆ 'Win-win-win': Three-day hybrid work week is a success, largest study to date published in Nature says
▼ + stars: | 2024-06-14 | by ( Kaya Ginsky | ) www.cnbc.com time to read: +6 min

The three-day in-office hybrid work schedule is a "win-win-win," according to a study published in the prestigious science journal Nature. Non-manager attrition for hybrid employees had a 2.4% rate, a one-third reduction from the control group of 7.2%. When managers measured employees in nine categories of performance, execution and results, hybrid employees succeeded at the same rate. By the end of the experiment, managers positively viewed hybrid work as a potential asset to the company rather than a detriment to productivity. From an economic policymaking standpoint, hybrid work is one of the few instances where there aren't major trade-offs with clear winners and clear losers.

Persons: Nick Bloom, Bloom, Ruobing Han, James Liang, Trip.com, JPMorgan Chase, Jamie Dimon, Mark Zuckerberg Organizations: Stanford's Institute for Economic, Boeing, UPS, Nike, JPMorgan, University of Pittsburgh Locations: Shanghai, U.S

☆ Apple is now overbought after rallying to record highs this week. Here are other names due for a pullback
▼ + stars: | 2024-06-14 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

It's also the second-most overbought stock on Wall Street this week based on its 14-day relative strength index, or RSI. CNBC Pro used its stock screener tool to search for the most overbought and oversold stocks. Names with a 14-day RSI exceeding 70 are considered overbought, which suggests that shares may soon slide. Other overbought stocks this week include Nvidia , Hewlett Packard Enterprise and T.J. Maxx . Among oversold stocks, aerospace and defense firm Northrop Grumman topped the list this week with a 14-day RSI of about 17.

Persons: It's, Siri, chipmaker, LSEG, Northrop Grumman, Northrop, Tyson Organizations: Apple, Developers, RSI, CNBC Pro, Nasdaq, Dow Jones, Nvidia, Hewlett Packard Enterprise, Broadcom, Wall, Bank of America, Microsoft, Tyson Foods

☆ Brain science start-up Neuroelectrics uses electricity and a headcap to reduce seizures in patients with epilepsy. Now it needs FDA approval
▼ + stars: | 2024-06-14 | by ( Cristy Garratt Maria Gomez De Sicart | Cristy Garratt | Https | ) www.cnbc.com time to read: +1 min

High up in the hills of Barcelona, brain science start-up Neuroelectrics is developing therapies that it says will improve the lives of people living with brain disease. Its main product is a headcap, which monitors the brain's electrical activity and stimulates regions of the brain with mild electrical currents. Co-founder and CEO Ana Maiques believes it will significantly improve the lives of people suffering with epilepsy. In addition to epilepsy, Maiques and her team are optimistic that the headgear can also be used to treat depression and Alzheimer's. So, when you have epilepsy, you have an electrical discharge in one area of your brain, so they can really target and help them," said Roser Sanchez-Todo, R&D director for Neuroelectrics' brain modelling department.

Persons: Ana Maiques, Maiques, Roser Sanchez, Neuroelectrics Organizations: CNBC Tech, U.S . Food, Drug Administration Locations: Barcelona

☆ $29 Trillion: That’s How Much Debt Emerging Nations Are Facing
▼ + stars: | 2024-06-14 | by ( Patricia Cohen | ) www.nytimes.com time to read: +1 min

The Vatican’s meeting on the global debt crisis last week was not quite as celebrity-studded as the one that Pope John Paul II presided over 25 years ago, when he donned sunglasses given to him by Bono, U2’s lead singer. Emerging nations are contending with a staggering $29 trillion in public debt. Fifteen countries are spending more on interest payments than they do on education, according to a new report from the United Nations Conference on Trade and Development; 46 spend more on debt payments than they do on health care. Unmanageable debts have been a recurring feature of the modern global economy, but the current wave may well be the worst so far. Overall, government debt worldwide is four times higher than what it was in 2000.

Persons: Pope John Paul II, Bono, Francis, — Organizations: United Nations Conference, Trade

☆ How the makers of Catan: New Energies reworked the board game to address the climate crisis
▼ + stars: | 2024-06-14 | by ( Saira Mueller | ) edition.cnn.com time to read: +10 min

This is, says Kowert, because “games reflect culture.”Adding climate crisis elements to games can also make the topic more accessible, Kowert says. On the side of the Catan: New Energies board, a little black marker tracks the level of greenhouse gasses in the current game. It can also trigger the early end of the game, in which case the player with the most renewable power plants wins. Players can add green discs to the bag — which can give players using renewable energy bonuses — by building renewable power plants. When development on New Energies started in 2011 there were three renewable energy sources: wind, water and solar.

Persons: ” Rachel Kowert, “, Catan, Erik Assadourian, ”, Benjamin Teuber, Klaus Teuber, Teuber, Assadourian, Kelli Schmitz, playtesters Organizations: CNN, Storm, ”, Catan, Worldwatch Institute, Catan GmbH, Development, Brand Development Locations: Springs, United States

☆ The complicated partnership between Apple and OpenAI
▼ + stars: | 2024-06-14 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +9 min

Nearly an hour later, the iPhone maker announced a much-rumored partnership with OpenAI to bring its ChatGPT technology to devices later this year. “I think Apple will take a pragmatic approach to the OpenAI partnership,” Wood said. Apple said it will not share any personal user information with OpenAI, so inquiries made through ChatGPT won’t be linked to an Apple user’s account. So it came as no surprise when some industry watchers, including Elon Musk, were quick to react to Apple’s partnership with OpenAI. “When users do query ChatGPT, Apple will track the prompts and gather metrics to improve its own models,” he said.

Persons: Sam Altman, Steve Wozniak, OpenAI, Altman, Tim Cook, ”, Ben Wood, “ Apple, Siri, Apple, ” Wood, Jeff Chiu, It’s, ” Cook, it’ll, Wood, Reece Hayden, Elon Musk, Musk, ” Musk, Annette Zimmermann, ” Andrew Cornwall, Forrester, “ Organizations: CNN, Apple, Insight, Apple Intelligence, Nvidia, Microsoft, ChatGPT, ABI Research, Industry, OpenAI, SpaceX, Gartner Locations: China, Washington, Cupertino , Calif

☆ How the Paris Olympics could become a super-spreader event for dengue
▼ + stars: | 2024-06-14 | by ( Analysis Mark Booth | ) edition.cnn.com time to read: +5 min

The Conversation —In September 2023, several people came down with dengue fever in Paris, France. Aedes has spread considerably further than in 2016, and the number of dengue cases worldwide has increased dramatically in the same period. For the Paris Olympics to become a super-spreader event, several factors must overlap. Most dengue cases are asymptomatic. At the Rio Carnival this year, a dengue outbreak just days before the event led to a public health emergency being called, but the event wasn’t cancelled.

Persons: Mary ”, Mary Mallon, Dr, Sanjay Gupta Organizations: CNN, Tokyo Olympics, Paris Olympics, Olympics, CNN Health Locations: Paris, France, Europe, COVID, Hunan Province, China, Peru, Brazil, Africa, Aedes

☆ Trump got the perfect birthday present: complete capitulation by the GOP
▼ + stars: | 2024-06-14 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

CNN —Donald Trump got his 78th birthday present a day early — a handshake from his longtime bitter critic, Senate Minority Leader Mitch McConnell, encapsulating the Republican Party’s complete submission to its presumptive presidential nominee. They were provoked by the president.” He said Trump was morally and practically responsible for the assault on his beloved Capitol. “There’s tremendous unity in the Republican Party,” the ex-president said. Vance, was asked how some senior Republicans who had condemned Trump after January 6 could meet and applaud him now. “I think it’s a good thing and the Republican Party is in a good place.”Vance is not wrong.

Persons: Donald Trump, Mitch McConnell, encapsulating, Republican Party’s, Mike Pence, Keen, Florida GOP Sen, Marco Rubio, Trump, Texas Sen, Ted Cruz, McConnell, Doug Mills, Elaine Chao, ”, clasped McConnell’s, Nikki Haley, “, Evelyn Hockstein, Ohio Sen J.D, Vance, ” Vance, Utah Sen, Mitt Romney, Liz Cheney, Paul Ryan, Trump’s deportment, Biden, Joe Biden —, —, Donald Trump’s, It’s, Vladimir Putin, we’re, ” Biden, Volodymyr Zelensky, Putin, Joe Biden, Antonio Masiello, John Bolton, ” Bolton, Bianna Golodryga, Ronald Reagan, doesn’t Organizations: CNN, Republican, Capitol, Republicans, trouncing Democrats, Florida GOP, The New York Times, Kentucky, Trump, South Carolina Gov, Republican Party, National Republican Senatorial, Reuters, Former Wyoming, Fox News, Lawmakers, GOP, Domenico, Borgo, Former Trump, Zelensky, CNN International Locations: Florida, Texas, adulation, America, Washington, Utah, Italy, Ukraine, Fasano

☆ Here’s how to invest in stocks when interest rates are higher for longer
▼ + stars: | 2024-06-14 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

How should traders invest in a higher-for-longer rate environment? Before the Bell: What do higher-for-longer rates mean for the stock market? What I find interesting and actually kind of invigorating is the resilience of the US economy in the face of these expected higher-for-longer rates. There will be some sectors that higher-for-longer rates will impact. And so we can see consumer durables slowing down or suffering a little bit in this higher-for-longer rate environment.

Persons: Price, Bell, Wylie Tollette, we’ve, We’ve, Jeanne Sahadi, isn’t, —, ”, “, ” Read, iPhones Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Consumer, Franklin Templeton Investment Solutions, Big Tech, Energy, Gallup, Global, “, Apple, Microsoft, Nvidia Locations: New York, “ State, United States

☆ Buying a house? These US cities now among the world’s most ‘impossibly unaffordable’
▼ + stars: | 2024-06-14 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +4 min

Australia is the only other country besides the US to dominate the “impossibly unaffordable” list, led by Sydney and the southern cities of Melbourne in Victoria and Adelaide in South Australia. But it also blames soaring house prices on land use policies, including “urban containment,” a kind of planning designed to stop urban sprawl. “Toronto and Vancouver show that the cost of taming expansion is unacceptably high: inflated house prices, higher rents and, for increasing numbers of people, poverty,” Cox wrote. The report was compiled by researchers from the Center for Demographics and Policy at Chapman University in California and the Frontier Centre for Public Policy, an independent public policy think tank in Canada. Top 10 “impossibly unaffordable” cities

Persons: it’s, William West, Tyrone Siu, Wendell Cox, Valier, ” Cox, ”, St Louis Organizations: CNN, Getty, Hong, Victoria Harbour, Frontier Centre, Public Policy, Canada, Canadian, New, St, Chapman University in Locations: United States, ”, West Coast, Hawaii, California, San Jose , Los Angeles, San Francisco, San Diego, Honolulu, Australia, Sydney, Melbourne, Victoria, Adelaide, South Australia, Maribyrnong, AFP, Hong Kong, Singapore, New Zealand, Toronto, Valier Macon, Vancouver, Pittsburgh, Rochester, Edmonton, Calgary, Canada, Blackpool, Lancashire, Glasgow, United Kingdom, Perth, Brisbane, Chapman University in California

Seoul, South Korea CNN —The oldest member of the K-pop phenomenon BTS is spending his day hugging 1,000 fans, after finishing his mandatory military service in South Korea on Wednesday. Jin made his first public appearance at Seoul’s Jamsil Sports Complex this afternoon, where he is performing and meeting fans. Some BTS superfans – known as ARMY (Adorable Representative MC for Youth) – have journeyed from overseas to attend the BTS Festa event. “I wish to tell Jin if he comes to Thailand, can he hold a concert for seven days, because I love BTS so much,” Cheenchanya said. “BTS themselves pour out so much love – they put love into their music, into their personalities, their fans,” said Stoudnour.

Persons: Jin, –, Jin –, ” Cheenchanya, Holly Campbell, Ashley Stoudnour, ” Campbell, V, ”, ” Stoudnor, Anthony Wallace, Kim Yoon, jeong, Michelle Pedraza, They’ve, Louis Vuitton, Dior Organizations: South Korea CNN, Mim, CNN, BTS, Getty, Billboard Music Locations: Seoul, South Korea, Thailand, Melbourne, Australia, Florida, AFP, California

☆ Google search head says 'we won't always find' mistakes with AI products and have to take risks rolling them out
▼ + stars: | 2024-06-13 | by ( Jennifer Elias | ) www.cnbc.com time to read: +3 min

"I don't think we should take away from this that we shouldn't take risks," Reid said. When we find new problems, we should do the extensive testing but we won't always find everything and that just means that we respond." Reid's comments come at a critical moment for Google, which is scrambling to keep pace with OpenAI and Microsoft in generative AI. "You may have seen stories about putting glue on pizza, eating rocks," Reid told employees at the all-hands meeting. Reid was introduced on stage by Prabhakar Raghavan, who runs Google 's knowledge and information organization.

Persons: Liz Reid, Reid, OpenAI, Sundar Pichai, Barack Obama, America's, Prabhakar Raghavan, we've, we're Organizations: CNBC, Google, Microsoft

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