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☆ I've traveled to all 50 states. These are the 7 most overrated tourist attractions in the US.
▼ + stars: | 2024-09-26 | by ( Emily Hart | ) www.businessinsider.com time to read: +1 min

I've visited all 50 states and most major US tourist attractions — some of which I found overrated. Go to newsletter preferences Thanks for signing up! In fact, after visiting all 50 states solo, I've enjoyed my short visits to nearly all the major tourist attractions in the United States. However, in retrospect, I've found some to be overrated and not places I'd plan an entire trip around. Here are the seven tourist attractions I think are overrated.

Persons: I've, Rushmore, I'd, — Organizations: Service Locations: Salem , Massachusetts, United States

☆ I lost my apartment in a fire. I learned that community is what makes a home.
▼ + stars: | 2024-09-26 | by ( Eleanor Whitney | ) www.businessinsider.com time to read: +1 min

In 2019, the Brooklyn apartment where I had lived for 10 years burned down. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . It was a crystal clear spring day with gusty winds, and my neighbor informed me that my Brooklyn apartment — and home of 10 years — was on fire. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Service, Business Locations: Brooklyn

☆ Gold's tremendous rally is making even long-term bulls a bit nervous
▼ + stars: | 2024-09-26 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

It was the sixth positive trading session in a row. In midday trading, gold futures were adding to those records Thursday. XAU= YTD mountain Gold is trading at record highs and closing in on a 30% gain for 2024. However, Bank of America ETF strategist Jared Woodard warned in the same note that gold might be "tactically overbought." That would represent a roughly 5-8% pullback," Krinsky said, referring the SPDR Gold Shares fund backed by physical gold.

Persons: Jared Woodard, Woodard, Wayne Gordon, Gordon, Jonathan Krinsky, Krinsky Organizations: Federal, Bank, America, Bank of America, UBS

Landrum asked the elementary schoolers a series of questions, using photographs and visual prompts, to understand how the children feel about the political system. Republican-leaning and red-state kids liked Trump but were neutral or even positive about Harris. That imbalance grew when interviews were repeated in September and the kids were asked about Trump and Harris. 02:12 - Source: CNNEven a majority of kids who support Trump agreed Harris would be a “sort of” good president. Misinformation can come from anywhere, as one kid showed when he described the presidential debate between Trump and Harris.

Persons: Donald Trump, CNN’s “ Anderson Cooper, ’, Asheley, Shanto Iyengar, Landrum, Joe Biden, Kamala Harris, Harris, Biden, Trump, ”, “, Hitler, Iyengar, ” Trump, ” Iyengar, George Washington, Thomas Jefferson, –, Taylor Swift, Olivia Rodrigo, we’re, Taylor, Swift, ” Harris Organizations: CNN, Trump, Arizona State University, Stanford University, Democratic, White, Democrat, Republican, Biden, Republicans, Kids, Baptist, YouTube Locations: Arizona, New Jersey, Texas, New York

☆ Murdoch family holds its breath as future of media empire hangs in the balance
▼ + stars: | 2024-09-26 | by ( Hadas Gold | ) edition.cnn.com time to read: +3 min

Murdoch and his eldest children descended on a Reno courthouse to appear for evidentiary hearings in a secret trial to determine whether the 93-year-old can alter the family trust that he established decades ago, giving his four oldest children equal votes over the future of his conservative media empire after he dies. Murdoch wants to amend the trust so that his eldest son and chosen successor, Lachlan, will remain in charge for decades to come. But the three other Murdoch children — James, Elisabeth and Prudence — oppose the change, and have challenged it in court. In the coming days or weeks, a probate commissioner will issue a report and recommendation on whether Murdoch can change the family trust, according to Elyse Tyrell, an attorney in Las Vegas who specializes in trusts and estates. Each party will then have 10 days to object to his report and recommendation, Tyrell said.

Persons: Rupert Murdoch’s, Murdoch, Lachlan, James, Elisabeth, Prudence —, Elyse Tyrell, Tyrell, ” Tyrell, “, ” Organizations: New, New York CNN, Fox News, The New York Times, Wall Street, Fox, Street, New York Post, CNN, Nevada Supreme Locations: New York, Reno, Las Vegas, Nevada, Australia, American

☆ France's biggest lender says there are 'too many' European banks as UniCredit moves on Commerzbank
▼ + stars: | 2024-09-26 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

A sign on the exterior of a BNP Paribas SA bank branch in Paris, France, on Friday, Aug. 2, 2024. France's BNP Paribas on Thursday said there are simply too many European lenders for the region to be able to compete with rivals from the U.S. and Asia, calling for the creation of more homegrown heavyweight banking champions. Milan-based UniCredit has ratcheted up the pressure on Frankfurt-based Commerzbank in recent weeks as it seeks to become the biggest investor in Germany's second-largest lender with a 21% stake. UniCredit, which took a 9% stake in Commerzbank earlier this month, appears to have caught German authorities off guard with the potential multibillion-euro merger. Germany's position on UniCredit's swoop has prompted some to accuse Berlin of favoring European banking integration only on its own terms.

Persons: CNBC's Charlotte Reed, Lars Machenil, Germany's Commerzbank, Machenil, Olaf Scholz, Scholz, Berlin Organizations: BNP, SA, Bank of America Financials, Spain's BBVA, Banco Sabadell Locations: Paris, France, U.S, Asia, Europe, Milan, Frankfurt, Germany's

☆ Hoda Kotb announces she is leaving NBC's 'TODAY' show
▼ + stars: | 2024-09-26 | by ( Kristian Burt | In | ) www.cnbc.com time to read: +1 min

Hoda Kotb will be leaving her role as a co-anchor on NBC's "TODAY" show early next year, she announced in a letter to staff on Thursday. Kotb first joined NBC News in 1998 as a correspondent, regularly appearing on "Dateline." In 2007, she became the inaugural host of the fourth hour of "TODAY," later joined by Kathie Lee Gifford and then Jenna Bush Hager. Family is family and you all will always be a part of mine." Disclosure: NBCUniversal is the parent company of CNBC and NBC, which broadcasts "TODAY."

Persons: Hoda, Kotb, Kathie Lee Gifford, Jenna Bush Hager, Savannah Guthrie, I've Organizations: NBC News, NBC, CNBC Locations: NBCUniversal

☆ The Post Office wants stamp prices to rise five times in the next three years
▼ + stars: | 2024-09-26 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +1 min

New York CNN —Three things seem certain to happen in life: death, taxes and the prices of stamps going up. The United States Postal Service announced that First-Class postage, currently at 73 cents, will go up five times through 2027, according to a detailed document submitted this week to the Postal Regulatory Commission. The next price hike is planned for July 2025 and will then repeat “each January and July thereafter” through the end of 2027, the agency said. However, all price changes must be approved by the Postal Regulatory Commission and the specific price hikes weren’t announced. First-Class mail is becoming a smaller part of the Postal Service’s business because of online communication.

Persons: ”, Louis DeJoy, “ Organizations: New, New York CNN, United States Postal Service, Postal Regulatory Commission, weren’t, USPS Locations: New York

☆ The charges against NYC Mayor Eric Adams explained in 60 seconds
▼ + stars: | 2024-09-26 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +1 min

A grand jury has indicted New York City Mayor Eric Adams on 5 criminal counts in a corruption probe. Prosecutors accuse Adams of soliciting bribes from wealthy foreign businesspeople. He has been hit with charges of bribery and receiving illegal campaign contributions from foreign nationals. AdvertisementA grand jury has indicted New York City Mayor Eric Adams on five criminal counts in a federal corruption probe. The retired captain of the New York Police Department is the first sitting mayor of New York City to be indicted while in office.

Persons: Eric Adams, Adams, — Organizations: New, New York City, Service, New York Police Department, Business Locations: New York, New York City

☆ NFL Week 4 preview: 5 things to watch out for as teams look to kick-start their offense
▼ + stars: | 2024-09-26 | by ( Andy Scholes | Ben Morse | ) edition.cnn.com time to read: +17 min

John Amis/AP Minnesota Vikings running back Aaron Jones lands in the end zone for a touchdown in Minneapolis on September 22. Brad Penner/USA Today Sports/Reuters Atlanta Falcons wide receiver Darnell Mooney scores a touchdown during the team's 22-21 win over the Philadelphia Eagles in Philadelphia on Monday, September 16. Ken Blaze/USA Today Sports/Reuters Washington Commanders running back Brian Robinson Jr. breaks a tackle from Tampa Bay Buccaneers linebacker K.J. David Banks/USA Today Sports/Reuters Rhamondre Stevenson of the New England Patriots runs the ball against Cincinnati Bengals defenders in Cincinnati on September 8. Vincent Carchietta/USA Today Sports/Reuters Miami Dolphins and Jacksonville Jaguars players pray together at the end of the game in Miami Gardens, Florida, on September 8.

Persons: It’s, Damar Hamlin, Bryan M, Bennett, Sam Darnold, Johnny Mundt, Stephen Maturen, Calvin Austin III, Brandon Sloter, John Amis, Aaron Jones, Stacy Bengs, Dak Prescotts, Cooper Neill, Allen Lazard, Alex Austin, Brad Penner, Darnell Mooney, Matt Slocum, Patrick Mahomes, Dax Hill, Jay Biggerstaff, Deebo Samuel Sr, Camryn Bynum, Ivan Pace Jr, Abbie Parr, Alvin Kamara, Kamara, Tim Heitman, Tua Tagovailoa, Tagovailoa, Jasen, Aaron Rodgers, Rodgers, Caroline Brehman, Shutterstock, Dak Prescott, Prescott, Ken Blaze, Brian Robinson Jr, K.J, Britt, Nathan Ray Seebeck, Jaylen Waddle, Hill, Stephanie V, Daniels, Al Diaz, Justin Fields, Danny Karnik, Okonkwo, Tyrique Stevenson, David Banks, Reuters Rhamondre Stevenson, Jason Mowry, Andrew Van Ginkel, Vincent Carchietta, Rebecca Blackwell, Khalil Shakir, Justin Jones, Jordan Love, Brooke Sutton, São Paulo, South America Kirby Lee, Taylor Swift, Travis Kelce, Reed Hoffmann, Isaiah, Ed Zurga, Patrick Mahomes scrambles, Charlie Riedel, he’s, Darnold, ” Darnold, Brian Flores, Kevin O’Connell, Joe Burrow, Burrow, Andy Dalton, Dalton, Denny Medley, Reuters Burrow, “, haven’t, Josh Allen, He’s, Allen, Lamar Jackson’s, Derrick Henry –, Jackson, skillset Jackson, ” Allen, …, “ He’s, ”, Jayden Daniels, Katie Stratman, Reuters “, ” Daniels, “ I’m, Mike Macdonald, Tua, Skylar Thompson, Tim Boyle, Tyler Huntley Organizations: CNN, NFL, Saints, Philadelphia Eagles, New England Patriots, Houston Texans, Cleveland Browns, Chicago Bears, Tampa Bay Buccaneers, Las Vegas Raiders, Miami Dolphins, Dallas Cowboys, Buffalo Bills, Jacksonville Jaguars, Getty Images Minnesota Vikings, Vikings, Getty Images Pittsburgh Steelers, Steelers, Los Angeles Chargers, Green Bay Packers, Packers, Tennessee Titans, AP Minnesota Vikings, AP Dallas Cowboys, Baltimore Ravens, New York Jets, The Jets, USA, Sports, Reuters Atlanta Falcons, AP Kansas City Chiefs, Cincinnati Bengals, Chiefs, Super Bowl, Reuters San Francisco 49ers, Minnesota Vikings, AP New Orleans Saints, Reuters Miami Dolphins, Reuters New York Jets, San Francisco 49ers, AP Los Angeles Chargers, Shutterstock Dallas Cowboys, Cowboys, Reuters Washington, Buccaneers, Dade Police, Miami Herald, Tribune, Service, Atlanta Falcons, Falcons, AP Tennessee Titans, Titans, Bears, Reuters, Patriots, Bengals, New York Giants, AP Buffalo Bills, Arizona Cardinals, Bills, São Paulo, The Eagles, Getty, Neo, Kansas City Chiefs, AP Baltimore Ravens, Arrowhead, 49ers, Texans, Cincinnati, Carolina, Browns, Ravens, Buffalo, Sunday, Monday’s, Cardinals, Detroit Lions, Disney, Lions, Seattle Seahawks, Seahawks, Seattle, Dolphins, Jaguars, New Orleans Saints, Carolina Panthers, Los Angeles Rams, Pittsburgh Steelers, Indianapolis Colts, Denver Broncos, Washington Locations: Orchard Park , New York, Minneapolis, Pittsburgh, Nashville, Arlington , Texas, East Rutherford , New Jersey, Philadelphia, Kansas City , Missouri, Miami Gardens , Florida, Santa Clara , California, Inglewood , California, Cleveland, Tampa , Florida, Miami, Atlanta, Chicago, Cincinnati, São, South America, Minnesota, Carolina, San Francisco, Charlotte, Baltimore, Washington, Arizona, Detroit

☆ China's Xi and top leaders call for halting real estate decline, responding to public concerns
▼ + stars: | 2024-09-26 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Authorities "must work to halt the real estate market decline and spur a stable recovery," the readout said in Chinese, translated by CNBC. The readout said leaders called for strengthening fiscal and monetary policy support, and touched on a swath of issues from employment to the aging population. Just days after the U.S. cut interest rates, the People's Bank of China on Tuesday announced a slew of planned interest rate cuts and real estate support. This real estate policy is aiming at reducing its drag on the economy." Tempering growth expectationsThe meeting readout said China would "work hard to complete" the country's full-year economic targets.

Persons: Xi Jinping, Zhiwei Zhang, Stocks, Goldman Sachs, Yue Su, Zong Liang, Zong, Bruce Pang Organizations: Getty, CNBC, Communist Party, People's Bank of China, Economist Intelligence Unit, Bank of Locations: Yuexi County, Anqing, Anhui province, China, BEIJING, Hong Kong, U.S, Beijing, JLL

☆ Domino's Pizza is not growing as much as it claims, investor says in new lawsuit
▼ + stars: | 2024-09-26 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +4 min

Read previewAn investor has filed a class action lawsuit against Domino's Pizza, claiming the restaurant chain "overstated" its business and financial prospects. AdvertisementSpecifically, the company's annual global net store growth. The complaint says Domino's hosted its 2023 Investor Day that December, during which it discussed the long-term guidance for the annual global net store growth between 2024 and 2028. The class action lawsuit against Domino's Pizza Inc. is about its annual global net store growth. Despite investor concerns over its global net store growth, revenues at Domino's has grown.

Persons: —, Pizza, Bernstein Lierbhard, Russel J, Weiner, Sandeep Reddy, Justin Sullivan, Domino's, Matt Cardy, Stringer Organizations: Service, Pizza Enterprises, Business, Domino's, BI, Domino's Pizza Enterprises, Domino's Pizza, U.S, Company Locations: Michigan, Domino's

☆ India wants to become a semiconductor powerhouse, but it can't do it on its own
▼ + stars: | 2024-09-26 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +7 min

Bhatnagar pointed to how Taiwan's Powerchip Semiconductor Manufacturing Corporation will help India's Tata Electronics to build the country's first 12-inch wafer fab in Gujarat. However, analysts said India first needs to learn the ropes before it can compete with the East Asian giant, especially since its semiconductor manufacturing industry is still at a very nascent stage. "India is far behind China in semiconductor manufacturing. Earlier in September, the U.S. Department of State announced it will partner with the India Semiconductor Mission and India's electronics and IT government body to improve the global semiconductor value chain. "We are encouraging [the] semiconductor industry in a big way.

Persons: Narendra Modi, Eri Ikeda, Trendforce, Bhatnagar, Rishi Bhatnagar, Ikeda, Cozying, Biden, Modi, Jensen Huang, Sundar Pichai, Huang, Thomas Caulfield, Lisa Su, Tarun Pathak, CNBC's Tanvir Gill, Goldman Sachs Organizations: Dixon Technologies, Bloomberg, Getty, India, Indian, CNBC, Department of Management Studies, Indian Institute of Technology, Semiconductor Manufacturing Corporation, Tata Electronics, Micron Technology, Devices, Tata Group, East, External, of Engineering, U.S . Department of State, India Semiconductor, Nvidia, Google, Hindustan Times, AMD, Counterpoint, Apple, Counterpoint Research Locations: Uttar Pradesh, India, Indian Institute of Technology Delhi, Taiwan, China, South Korea, U.S, Japan, Gujarat, American, China India, New York, New Delhi, Beijing

☆ Zelensky to make urgent in-person plea to Biden and Harris as Ukraine braces for possibility of a Trump presidency
▼ + stars: | 2024-09-26 | by ( Kevin Liptak | Mj Lee | ) edition.cnn.com time to read: +8 min

CNN —Ukrainian President Volodymyr Zelensky’s visit to the White House on Thursday could be his final chance to convince a receptive American president of his country’s war aims. Even if Biden decides to allow the long-range fires, it’s unclear whether the change in policy would be announced publicly. The ongoing war between Ukraine and Russia is no exception, they say, insisting that Ukraine would continue to have the US’s unwavering support against Russian aggression under a Harris presidency. “Five days before Russia attacked Ukraine, I met with President Zelensky to warn him about Russia’s plan to invade. There is quiet recognition even inside the Biden administration that any reassurances Zelensky may receive from Biden and Harris this week on the US’s commitment to supporting Ukraine could all be for naught under a different American president.

Persons: Volodymyr Zelensky’s, ”, Joe Biden, Kamala Harris, Harris, Donald Trump, Biden, he’s, Trump, —, they’re, ” Trump, it’s, Zelensky, won’t, Mike Johnson, Jake Sullivan, it’s Putin, Harris Zelensky’s, JD Vance “, ” Zelensky, “ Organizations: CNN, White, Thursday’s, US, United Nations General Assembly, Republican Congressional, Capitol, Republican, MSNBC, Biden, Munich Security Conference, Democratic, Convention, NATO, Yorker Locations: Ukraine, Russian, Mint Hill, North Carolina, Washington, Russia, Italy

☆ China offers one-time cash allowance for those in extreme poverty
▼ + stars: | 2024-09-26 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

China's government announced it will offer a one-time cash allowance to those in extreme poverty, a day after its central bank rolled out a slate of stimulus measures aimed at shoring up the economy. The handout will be provided to "extremely poor people, orphans and other needy people on the occasion of the 75th anniversary of the founding of New China," China's Ministry of Civil Affairs reported on Wednesday. The report did not specify the size of the allowance or any further details. As of last November, 40.4 million people in China were covered by subsistence allowances. The average allowance was about 779 yuan ($110.80) per person a month for those staying in urban areas, while rural subsistence was 615 yuan per person.

Persons: Xi, Shaun Rein, Mao Zedong Organizations: New, Ministry of Civil Affairs, CPC, China Market Research, CNBC Locations: New China, China

☆ Russia reportedly has a secret long-range drone program in China. Experts say it shouldn't surprise anyone.
▼ + stars: | 2024-09-26 | by ( Aditi Bharade | Mia Jankowicz | ) www.businessinsider.com time to read: +6 min

Read previewRussia is tapping China to build long-range attack drones for use in its war against Ukraine, Reuters reported. The report stated that Russia had created a secret weapons program in China, citing documents as well as two unnamed sources from a European intelligence agency. AdvertisementBut prior to the Reuters report, it was thought that China stopped short of transferring entire weapons systems to Russia. "Let's be absolutely clear about it: China does not want Russia to lose this war," Nixey said. AdvertisementThe war, he said, "is a symbol and a forebear of Western ability, Western spine, Western political will to defend the rules-based international order."

Persons: —, IEMZ, Kupol, G3s, James Nixey, shouldn't, Nixey, Kurt Campbell, Sari Arho Havrén, NATO's, Farah Dakhlallah, Dakhlallah Organizations: Service, Ukraine, Reuters, Business, Russian Ministry of Defence, US, Royal United Services Institute Locations: Russia, China, Russia's, Ukraine, Russian, Izhevsk, Eurasia, Brussels, Europe

☆ Rudy Giuliani disbarred in D.C. over Trump election lies
▼ + stars: | 2024-09-26 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Former mayor of New York City and former Trump lawyer Rudy Giuliani reacts at the Nassau Veterans Memorial Coliseum during a rally held by Republican presidential nominees and former U.S. President Donald Trump, in Uniondale, New York, U.S., September 18, 2024. Former New York City Mayor Rudy Giuliani is officially disbarred from practicing law in the nation's capital over his efforts to overturn Donald Trump's 2020 election loss based on false claims of widespread fraud, a court ruled Thursday. "Rudolph W. Giuliani is hereby disbarred from the practice of law in the District of Columbia," the judges in D.C.'s highest court wrote in a one-page order made public Thursday. Giuliani's law license had been suspended in D.C. in July 2021 as a result of his then-active disciplinary proceedings in New York. A D.C.-based bar disciplinary panel in 2023 had already recommended Giuliani be disbarred over his false election claims.

Persons: Rudy Giuliani, Donald Trump, Donald Trump's, Rudolph W, Giuliani, flagrantly, Trump Organizations: Trump, Nassau Veterans Memorial Coliseum, Republican, Former New York City, District of Columbia, Appeals Locations: New York City, Uniondale , New York, U.S, New York, District

☆ Treasury yields hold steady as investors look to economic data, Fed speaker comments
▼ + stars: | 2024-09-26 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was down by less than one basis point to 3.7791%. The 2-year Treasury yield was last at 3.5653% after rising by over one basis point. U.S. Treasury yields were little changed on Thursday as investors looked to fresh economic data and remarks from Federal Reserve officials. Economists polled by Dow Jones are expecting weekly initial jobless claims to come in at 223,000 for the most recent period. Elsewhere, the Swiss National Bank on Thursday cut its key interest rate by a quarter point, marking the third reduction this year.

Persons: Dow Jones, Jerome Powell Organizations: Treasury, Federal Reserve, Swiss National Bank Locations: U.S

☆ 10 things to watch in the stock market Thursday, including the Micron-fueled chip rally
▼ + stars: | 2024-09-26 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

10 things to watch Thursday, Sept. 26 — Today's newsletter was written by the Investing Club's director of portfolio analysis, Jeff Marks. China stocks rallied again — this time on signs the Chinese government is prepared to add fiscal stimulus to this week's central bank monetary stimulus. Nvidia and Advanced Micro Devices are Club stocks. China stocks rallied again — this time on signs the Chinese government is prepared to add fiscal stimulus to this week's central bank monetary stimulus. Nvidia and Advanced Micro Devices are Club stocks.

Persons: Jeff Marks, Jim Cramer, Bernstein, Brian Niccol, that's, Mark Zuckerberg, Jensen Huang, Elliott, Truist, Eaton, Morgan Stanley, Jefferies, Hershey, Jim Cramer's, Jim Organizations: Micron, AMD, Nvidia, Devices, Starbucks, Club, GE Healthcare, UBS, Bank of America, JPMorgan, Meta, Southwest Airlines, Elliott Management, GE, Jefferies, Wells, Jim Cramer's Charitable, CNBC Locations: China

☆ Nvidia's days of absolute dominance in AI could be numbered because of this key performance benchmark
▼ + stars: | 2024-09-26 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +7 min

Liang told Business Insider he expects 90% of AI computing workloads will be in inference in the not-too-distant future. AdvertisementThat's why several startups are charging aggressively into the inference market — emphasizing where they might outperform the goliath in the space. Speed is an important factor when multiple AI models talk to each other and waiting for an answer can dampen the magic of generative AI. The number of tokens per second that can be consumed (when a prompt goes in) and generated (when a response comes out) is a common metric for AI computing speed. AdvertisementCerebras's AI chip is roughly size of a dinner plate.

Persons: —, Rodrigo Liang, Colleen Kress, workloads, Liang, Andrew Feldman, Bernstein, Colette Kress, Kress, Nvidia's, SambaNova, Anthropic's Claude, Nvidia isn't, Jensen, Dylan Patel, Patel Organizations: Service, Business, SambaNova Systems, Nvidia, ARM, AMD, o1, BI Locations: Artificialanalysis.ai, TCO

☆ Why Micron is the latest AI darling — for today at least
▼ + stars: | 2024-09-26 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Micron has seized the limelight in the AI space after its latest earnings report. AdvertisementMicron is stealing the show in the AI space — at least for now — as investors bask in its latest earnings results. Though its year-to-date gains have badly lagged other AI behemoths like Nvidia, Micron shares rose as much as 20%. Trading volume jumped to 42.5 million mid-day Thursday, outpacing interest in other firms in the AI space, like Intel, Tesla, and Palantir. Bank of America raised its price target for Micron to $125 a share, implying over 30% upside.

Persons: —, Rosenblatt, William Kerwin, David Morrison Organizations: Micron, Wall Street, Service, Nvidia, Intel, Micro Computer, Tesla, Bank of America, MU, Morningstar, Bloomberg, Nasdaq, Micron Technology, Trade Nation Locations: New York

☆ UniCredit's pursuit of Commerzbank reflects a watershed moment for Europe — and its banking union
▼ + stars: | 2024-09-26 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +4 min

Kirill Kudryavtsev | Afp | Getty ImagesEuropean banking's latest takeover battle is widely regarded as a potential turning point for the region — particularly the bloc's incomplete banking union. Whatever the outcome of UniCredit's swoop on Commerzbank, Marsh said the episode marks "another huge test" for German Chancellor Olaf Scholz. What is Europe's banking union? OMFIF's Marsh said Germany's opposition to UniCredit's move on Commerzbank means Berlin "now stands accused of favouring European banking integration only on its own terms." The logo of German bank Commerzbank seen on a branch office near The Commerzbank Tower in Frankfurt.

Persons: Kirill Kudryavtsev, Italy's UniCredit, David Marsh, Marsh, Olaf Scholz, Scholz, –, Germany's Scholz, OMFIF's Marsh, UniCredit's, Daniel Roland, Onur Genç, Mario Centeno, CNBC's, —, Centeno Organizations: European Central Bank, Afp, Getty, London, European Union, CNBC, BBVA, Banco Sabadell, Reuters, European Central Bank's Governing, EU Locations: Frankfurt, Germany, Germany's, Milan, Europe, Commerzbank, Italy, Berlin, Spanish, Brussels, Spain

☆ The death of a young EY employee is raising questions over India's 'always-on' work culture
▼ + stars: | 2024-09-26 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +9 min

Advertisement"The pressure is very, very high," Jennifer Hephzibah, a senior HR professional in India, told Business Insider. 'Glorifying overwork'This always-on culture has come under the spotlight recently following the death of an EY employee, Anna Sebastian Perayil, in July. EY told BI it was "taking the family's correspondence with utmost seriousness and humility" and called Perayil's death an "irreparable loss." AdvertisementCost centers and cheap laborHuge multinational companies, such as EY, Google, Microsoft, Salesforce, and Accenture, have set up cost centers in India. "It definitely exists that multinational companies tend to think, 'We love that the Indians work hard, so let's keep doing that.'"

Persons: —, it's, Jennifer Hephzibah, Anna Sebastian Perayil, Peryail's, Sebastian Perayil, Anna, Perayil's, Rajiv Memani, EY, Narayana Murthy, Kavach Khanna, Khanna, Jeanie Chang, let's, Chang, Hephzibah, Jeanie Organizations: Service, International Labour Organization, Business, Boston Consulting Group, Infosys, Google, Microsoft, Accenture, Global, Centers, BI, Gallup State Locations: India, Japan

☆ Russia has secret war drones project in China, intel sources say in Reuters report
▼ + stars: | 2024-09-26 | by ( ) www.cnbc.com time to read: +6 min

Kupol, Almaz-Antey and the Russian defense ministry did not respond to requests for comment for this article. He said more information was needed to establish that China was playing host to production of Russian military drones. "China cannot continue to fuel the largest conflict in Europe since the Second World War without this impacting its interests and reputation." "We are extremely concerned by reports that Russia is producing military drones in China," a spokesperson said. Beijing has repeatedly denied that China or Chinese companies have supplied Russia with weapons for use in Ukraine, saying the country remains neutral.

Persons: Russian Federation Manuel Augusto Moreno, IEMZ, Kupol, Fabian Hinz, Samuel Bendett, Farah Dakhlallah, Kupol's Organizations: Russian Federation, Ukraine, Reuters, International Institute for Strategic Studies, Center, New, New American Security, White House National Security Council, NATO Locations: People's Republic of China, Russia, China, Russian, Ukraine, Beijing, London, New American, Washington, U.S, Europe, Kupol, Izhevsk

☆ Sam Altman is way more interested in AI's next chapter than upheaval at OpenAI
▼ + stars: | 2024-09-26 | by ( Tom Carter | ) www.businessinsider.com time to read: +4 min

Read previewSam Altman might be facing upheaval at OpenAI, but that isn't stopping him from discussing his grand plans for the company's next stage. 'Better everything'"The two trends I'm most excited about for the next couple of decades are abundant intelligence and abundant energy," Altman told the audience. The growth, the increase in quality of life we can have in the world — better sustainability, better education, better healthcare, better everything," he added. AdvertisementIt's not the first time Altman has talked up the glorious future that AI — and by extension, OpenAI — may usher in. AdvertisementAltman has previously called for massive investment in AI infrastructure, warning that making AI technology widespread would require "lots of energy and chips."

Persons: —, Sam Altman, Altman, Mira Murati, Murati, John Elkann, cofounders Ilya Sutskever, John Schulman, Elon Musk, OpenAI, Altman's Organizations: Service, Italian Tech, Business, Google, Elon, Bloomberg, Energy Locations: OpenAI, Italy

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