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☆ Samsung really wants to outsmart Apple in the Galaxy-iPhone battle
▼ + stars: | 2024-07-06 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

From the city of Suwon, Samsung — the family-led titan of Korean industry — has been the world's top smartphone seller, beating Apple. Last month, Apple unveiled Apple Intelligence, a vision of generative AI that will give its devices a total refresh. In doing so, Apple hopes to inspire consumers to upgrade their iPhones so they can access its suite of AI features. (Only newer models like the iPhone 15 Pro and upcoming iPhone 16 line-up will offer Apple Intelligence). It debuted Galaxy AI, its first take on generative AI features for its devices, at the January launch of its flagship Galaxy S24 range.

Persons: —, Lee Jae, Park, Lee, Siri Organizations: Service, Samsung, Apple, Business, IDC, Samsung Electronics, Bloomberg, South, Apple Intelligence, AI, Samsung Galaxy, Google Locations: South, Suwon, Paris, China

☆ Mark Zuckerberg is leaning into his meme era
▼ + stars: | 2024-07-05 | by ( Jaures Yip | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe memeification of Mark Zuckerberg continues — but lately, the Meta CEO seems to be just as in on the jokes. Zuckerberg surprisingly responded via Instagram Story with just the words: "Send Me Location," spurring incredulity among many. In a video announcing his company's latest AI features, Zuckerberg debuted his chain, which instantly caused a stir on social media. As another person tweeted, "Zuck definitely knows how to create a meme."

Persons: —, Mark Zuckerberg, Zuck, Zuckerberg, Elon Musk, Israel Adesanva, Alexander Volkanovski, Joseph Rosenfeld, ORb48fArvU — sophie, @netcapgirl, Rosenfeld Organizations: Service, Business, Facebook, Tesla, MMA Locations: America, Zuck's

☆ Japan is bracing for rage against the vending machine
▼ + stars: | 2024-07-05 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Hole-in-the-wall izakayas (traditional bars), ryokan (traditional inns), and Shinto shrines often accept cash only. STR/Getty ImagesTake Japan's millions of vending machines. The Japan Vending Machine Manufacturers Association recently said that almost 80% of the country's machines would need upgrades to accept the new notes, per comments reported by Reuters. Vending machines are a common sight in Japan. If they're stopping by a vending machine there anytime soon, they may want to check first if their bills will work.

Persons: —, Omotesando, Bank of Japan — Organizations: Service, Business, Kansai region's, Japan Vending Machine Manufacturers Association, Reuters, Bank of Japan Locations: Japan, Ginza, Tokyo, Kansai, Kansai region's Osaka

☆ I've traveled to 20 countries in 2 years. I found the most stunning coast in one of the least-visited countries.
▼ + stars: | 2024-07-05 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +8 min

Last month, I traveled to Timor-Leste, a country located in the South Pacific. It's also the 14th least-visited country in the world and the least-visited in Asia, according to a January report from CEOWorld magazine. Some 81,000 tourists visited Timor-Leste in 2023 — putting it just ahead of Chad and Sierra Leone, per the report. Marielle DescalsotaOnly a handful of airlines fly to Dili, the capital, where the only international airport in Timor-Leste is located. As I grew up in Singapore and can speak some Indonesian, when locals didn't speak English, that was my fallback language.

Persons: —, I've, France —, It's, Fernando, Hilton, nasi goreng —, 9Milhas, Gloria, Jesus Christ —, Marielle Organizations: Service, Leste, South Pacific, Business, National Statistics Directorate Timor, YouTube, Google, Timor Plaza, Apartments, East Timor Centavo, US Department of State, Burger, Coffee, Cristo Locations: Maldives, France, Timor, South, Bahamas, Asia, Chad, Sierra Leone, Dili, Bali, Indonesia, Darwin, Australia, Dili's, sightsee, East Timor, Indonesian, Singapore, Marielle, Cristo Rei, It's, Angola

☆ Universal basic income has gone from utopian vision to economic reality. Here's what you need to know about UBI.
▼ + stars: | 2024-07-04 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +8 min

Read previewUniversal basic income has made giant strides from its origins as a utopian vision toward becoming economic reality. Basic income trials have been conducted in countries as varied as Kenya, Finland, India, and Canada. Proponents of UBI say it reduces poverty, strengthens the social safety net, promotes health and happiness, and combats the stigma around welfare. Basic income recipients in a Finnish trial reported higher life satisfaction, improved health, and lower levels of depression and loneliness. An open questionUniversal basic income remains a largely theoretical idea that could have significant — and unpredictable — impacts on wealth inequality, human welfare, labor markets, and entire economies.

Persons: —, Tesla's Elon Musk, Robert Reich, Juan Luis Vives, they'd, Thomas Paine, Martin Luther King Jr, Milton Friedman, Sen, Bernie Sanders of, technocrat Andrew Yang, Sam Altman, Bernie Sanders, Kevin Dietsch, Dave Ramsey, Karl Marx playbook, that's, Jack Kellam, MrBeast, Jeff Cheatham, Douglas MacKay, Chapel Hill, Karl Widerquist, Kellam, stigmas Organizations: Service, Labor, Business, Autonomy, UNC, Chapel, Georgetown University, Qatar Locations: Kenya, Finland, India, Canada, Spanish, Bernie Sanders of Vermont, Uganda

☆ 3 tips for making the perfect burger at home, according to the top butcher expert in America
▼ + stars: | 2024-07-03 | by ( Anneta Konstantinides | ) www.businessinsider.com time to read: +3 min

And the butcher expert was happy to share his top tips for making the perfect burger. Pat LaFrieda always makes his burgers medium rareThe perfect burger requires getting both the meat and temperature right. LaFrieda told BI he always makes his burger medium rare. And when it comes to the buns, LaFrieda always loves briocheLaFrieda said the bun is often overlooked, but it's crucial to a perfect burger. LaFrieda doesn't have any special tricks or tips to make the perfect burger, but he says that's the whole point.

Persons: —, Pat LaFrieda, LaFrieda, Pat LaFrieda LaFrieda, brioche LaFrieda, He's Organizations: Service, Business

☆ I stayed at a North Korean summer camp. We polished statues and played a game where we destroyed the White House.
▼ + stars: | 2024-07-03 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +5 min

When I was a kid, I remember watching a TV documentary about North Korea. I tried to find more information, so I subscribed to a group called "Solidarity with North Korea" on VKontakte — Russia's equivalent to Facebook. AdvertisementIn it, the Communist Party of the Russian Federation offered a chance to go to a North Korean children's summer camp for about $300. AdvertisementHowever, the North Korean children in the camp were quite segregated from us, and we only met them once on our last day. I can easily make friends just by talking about my experiences — people just want to hear about North Korea.

Persons: —, Yuri Frolov, Yuri Frolov's, Kim Il, Kim Il Sung, Kim Jong Il Organizations: Service, Korea's, Business, Facebook, Communist Party of, Russian Federation, Communist Party, North Locations: North Korea, Korean, St . Petersburg, Vladivostok, Russia, Pyongyang, Pueblo, Songdowon, Laos, Nigeria, Tanzania, China, North

☆ AI data centers could add 3 New York Cities of demand to the power grid in 2 years
▼ + stars: | 2024-07-03 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +6 min

So far, the only part of Earth AI seems hell-bent on dominating is the power grid. AI data centers are doubling the pace of electricity demand growth in the US to the extent that demand could exceed supply in just two years without action, according to Bernstein Research. The potential shortfall could mean higher prices for the computing power AI developers of all sizes are clamoring for, along with ample opportunity for investors willing to build up supply. How are AI companies planning aheadIt's not just the total power needed for AI computing infrastructure, it's the unique cadence of the power need and the cooling AI chips require. Amazon is clearing some of these hurdles by colocating some data centers with nuclear power sites.

Persons: —, that's, catchup, Bernstein, Jensen Huang, Huang, Agrawal, we're, Andrew Feldman, Feldman Organizations: Service, Bernstein Research, Business, Nvidia, Vertiv, Lambda, Cerebras Systems Locations: UAE, South Africa, Kenya, Nigeria, Egypt, Iceland

☆ Women's sports merchandise is an estimated $4 billion industry but fans still can't find the items they're looking for
▼ + stars: | 2024-07-03 | by ( Mykenna Maniece | ) www.businessinsider.com time to read: +12 min

"When you invest in a jersey, that means you really appreciate that person, their character, and what they bring to the game," Krieger said. Sports Innovation Lab estimates the women's sports merchandise industry is worth $4 billion — conservatively. People simply don't know where to find merchandise — 32% of fans reported having an issue finding a seller for women's sports merchandise compared to just 18% of fans looking for men's, according to Sports Innovation Lab's 2024 Women's Sports Merchandise Survey. But while big brands are making strides in partnering with women's professional teams to create merchandise, the women's sports merch buying experience is still lacking. Building the women's game takes an ecosystem of collaboration involving fans, athletes, leagues, team sponsors, and retailers.

Persons: —, Ali Krieger, Krieger, Mary Earps, Marc Atkins, Nike's, Aubrey Kingsbury, it's, Alyssa Naeher's, there's, didn't, A'ja Wilson, Caitlin Clark, Puma, Bjørn Gulden, Arne Freundt, Dylan Buell, isn't, Angela Ruggiero, Ruggiero, Roy Rochlin, Stringer, " Krieger, Megan Gokey, Alex Morgan, Chloe Kim, Simone Manuel, Sue Bird, Klarna, Billie Jean King's, Esther Kim's, Zach Boisjoly, we've Organizations: Service, National Women's Soccer League, FFC Frankfurt, Eintracht Frankfurt, German, Business, FIFA, England, New York Times, Adidas, Puma, Nike, Washington Spirit, Chicago Red Stars, Innovation, Sports, Google, WNBA, WTA, Survey, NBA, Manchester United, AC Milan, Bloomberg, Indiana Fever's, Sports Innovation, Realty Trust, Professional Women's Hockey League, League, Media, Sports Foundation, NCAA, New York, Gotham FC, New York Liberty Locations: Germany, Morocco, Esther Kim's Playa, New Jersey, New

☆ Former Outback Steakhouse employees share the best things to order — plus what to skip
▼ + stars: | 2024-07-02 | by ( Pascale Mondesir | ) www.businessinsider.com time to read: +7 min

"I don't think I ever had a customer send one back for being too tough, too marbled, or being unsatisfied with it," she told BI. Related stories"I've never had another salad like it — it's sweet, salty, and amazing," Lee told BI. "The best dessert to order from the menu was Thunder and Lightning because it featured chocolate, strawberries, and more chocolate," she told BI. "Most of the customers ordered these three to five times during a shift," he told BI. AdvertisementShe told BI that most of the time, people sent it back to the kitchen.

Persons: —, Eric Bush, Michaela Mutell, Audria Lee, Irene Jiang, Mutell, Lee, Montell, I've, Bush, Oliver Tsang, fryer, Sydney Shrooms, Lee wasn't Organizations: Service, Business, Down, South China Morning, Getty, Sydney, Outback, Toowoomba Locations: American, Texas, New York, South

☆ 'House of the Dragon' star Ewan Mitchell isn't sure if Aemond has 'mommy issues'
▼ + stars: | 2024-07-02 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +1 min

Does Aemond Targaryen have mommy issues? Ewan Mitchell says that Aemond found a "surrogate" in his very old, powerful dragon Vhagar. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "House of the Dragon" star Ewan Mitchell thinks that Aemond Targaryen probably just needs a little more affection from his mother. This story is available exclusively to Business Insider subscribers.

Persons: Aemond, Ewan Mitchell, Mitchell, —, Targaryen, Alicent Hightower, Viserys Organizations: Service, Aegon, Business

☆ Here's what will happen to Daemon Targaryen on 'House of the Dragon,' if it follows his fate in the book
▼ + stars: | 2024-07-01 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +1 min

Daemon Targaryen is a fan-favorite in "House of the Dragon." Here's how Daemon dies in George R. R. Martin's "Fire and Blood." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWarning: Major spoilers ahead for "House of the Dragon" season two and the book "Fire and Blood." The latest episode of "House of the Dragon" season two may have just teased the death of Daemon Targaryen.

Persons: Daemon Targaryen, Daemon, George R, —, Matt Smith Organizations: Service, Business

☆ 'House of the Dragon' had a surprising cameo in the latest episode from an actor who said they wouldn't return
▼ + stars: | 2024-07-01 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +3 min

Read previewWarning, spoilers ahead for "House of the Dragon" season two, episode three. An unexpected "House of the Dragon" star just popped up for a cameo in the third episode of season two after previously saying they wouldn't come back. AdvertisementIn his dreamlike vision, Daemon believes that an unknown person tries to break into his room. Milly Alcock as Rhaenyra Targaryen in "House of the Dragon" season two. AdvertisementGunn said he was "blown away" by the actor during her audition after seeing her in "House of the Dragon."

Persons: —, Daemon Targaryen, Matt Smith, Targaryen, Milly Alcock, Rhaenyra, Daemon, Sam C, Wilson, Stobbart, Alcock, Emma D'Arcy, Ryan Condal, D'Arcy, James Gunn's, Gunn Organizations: Service, Blacks, Business, HBO, DC Locations: Harrenhal, Westeros

☆ The 15 biggest fast-food chains in the US, ranked
▼ + stars: | 2024-07-01 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +1 min

Technomic data analyzed by Nation's Restaurant News ranks the top 15 US fast-food restaurants. McDonald's topped the list as the biggest fast-food chain in the country. Starbucks, Chick-fil-A, and Taco Bell also ranked highly. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . From McDonald's to Taco Bell, quick-service and fast-casual chains fared far better last year compared to casual-dining chains like Chili's and Applebee's, Restaurant Business reported in June.

Persons: Taco Bell, —, Taco Organizations: Nation's Restaurant, Service, Taco Bell, Restaurant Business, Business

☆ The latest 'House of the Dragon' episode confirms the civil war was started because Alicent got mixed up over some names. The internet is in stiches.
▼ + stars: | 2024-07-01 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +1 min

The episode confirms that King Viserys did not want Aegon II to be his successor. Fans are now mocking Alicent Targaryen for starting a civil war over a simple name mistake. AdvertisementThe latest episode of "House of the Dragon" confirms that Westeros' civil war started because two Targaryens have the same name and fans can't stop laughing. The brewing civil war started officially in season one, episode eight, after King Viserys Targaryen (Paddy Considine) caused confusion over who should succeed him in episode seven. At the beginning of that episode, Viserys reiterates that his first daughter, Rhaenyra (Emma D'Arcy), is his heir.

Persons: King Viserys, Alicent Targaryen, —, King Viserys Targaryen, Paddy Considine, Viserys, Rhaenyra, Emma D'Arcy, hallucinates Organizations: Aegon, Service

☆ Sotomayor says the president can now 'assassinate a political rival' without facing prosecution
▼ + stars: | 2024-07-01 | by ( Bryan Metzger | Natalie Musumeci | ) www.businessinsider.com time to read: +3 min

Read previewIn her dissenting opinion to the Supreme Court's ruling on presidential immunity, Justice Sonia Sotomayor said that the conservative majority had enabled presidents to assassinate political rivals without fear of criminal prosecution. Related stories"When he uses his official powers in any way, under the majority's reasoning, he now will be insulated from criminal prosecution," Sotomayor wrote. Immune, immune, immune." Trump's lawyers had argued that he was immune from criminal prosecution over those efforts because they fell within the scope of his official duties. AdvertisementFormer federal prosecutor Neama Rahmani disagreed with Sotomayer, saying that there would be no presidential immunity for extreme circumstances like ordering the assassination of a political rival.

Persons: —, Sonia Sotomayor, Sotomayor, Elena Kagan, Ketanji Brown Jackson, Donald Trump, Neama Rahmani, Sotomayer Organizations: Service, Business, Trump, Justice Department, Trump electors

☆ 'House of the Dragon' just introduced a big-mouthed new character — but he's probably going to be important later on
▼ + stars: | 2024-07-01 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +5 min

Read previewWarning: Spoilers ahead for "House of the Dragon" season two, episode three, and the book "Fire and Blood." We're probably going to be seeing a lot more of Ulf in "House of the Dragon," depending on how closely it follows "Fire and Blood," George R.R. Ulf fought alongside other dragon riders like Hugh Hammer in the Battle of the Gullet, a pivotal sea battle during the war. According to Mushroom's historical account in "Fire and Blood," Ulf descended into hedonism, raping multiple women in Tumbleton each night and constantly drinking. But the fight came to Tumbleton when Addam Velaryon (previously Addam of Hull), another dragon rider, attacked the city on his dragon Seasmoke.

Persons: —, Ulf, there's, We're, George R.R, Baelon, King Jaehaerys, Dorne, coy, Jaehaerys, Daemon Targaryen, King Viserys, Rhaenyra, Jacaerys Velaryon, Jacaerys, Silverwing, Alysanne, Ulf White, Hugh Hammer, Hugh, Lord Stokeworth, Ormund Hightower, Prince Daeron, Bitterbridge, House Tyrell, Addam Velaryon, Daeron, Hobert Hightower, Ulf — Organizations: Service, Business, Aegon, King's Locations: Westeros, Tumbleton, Hull

☆ Criston Cole has a brush with death in 'House of the Dragon.' Here's how he actually dies in the book.
▼ + stars: | 2024-07-01 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +1 min

Criston Cole (Fabien Frankel) has a brush with death in "House of the Dragon" season two. He survives the encounter, but here's how he dies in the book, "Fire and Blood." AdvertisementWarning: Spoilers ahead for "House of the Dragon" season two, episode three. The newly christened Hand of the King, Ser Criston Cole (Fabien Frankel), has a near-miss with death when he gets chased by a dragon in "House of the Dragon" season two, episode three. Here's how he might die in the show if it follows the source material provided by George R. R. Martin's book "Fire and Blood."

Persons: Criston Cole, Fabien Frankel, Baela Velaryon, —, Ser Criston Cole, George R Organizations: Service, Business

☆ Donald unchained: SCOTUS decision would give Trump the immunity to run rampant just in time for a possible 2nd term, experts say
▼ + stars: | 2024-07-01 | by ( Laura Italiano | Natalie Musumeci | ) 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. "Most, if not all, of that conduct would fall on the 'presumptively-official' side of the line," said Michel Paradis, an attorney who teaches national security and constitutional law at Columbia Law School. AdvertisementUnder Monday's decision, "courts may not inquire into the President's motives" in deciding if a presidential act is official or unofficial. "And this opinion, more than any other in the Supreme Court's history, gives the president king-like powers," Sloan added. "Everybody was horrified" when Trump's lawyer first raised immunity in that circumstance as a possible consequence, Sloan said.

Persons: —, Richard Nixon, — Nixon, Michel Paradis, Paradis, Trump, Trump's, Rudy Giuliani, Neama Rahmani, Rahmani, Cliff Sloan, Sloan, Sonya Sotomayor Organizations: Service, FBI, CIA, Business, Columbia Law School, Department of Education, Environmental Protection Agency, Biden, Trump, West, Georgetown Law, Supreme Locations: Independence

☆ What's the deal with the Song of Ice and Fire prophecy in 'House of the Dragon'?
▼ + stars: | 2024-07-01 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +3 min

Read previewRhaenyra Targaryen (Emma D'Arcy) and Alicent Hightower (Olivia Cooke) discuss the Song of Ice and Fire prophecy at the end of "House of the Dragon," season two, episode three — which is a major reference to "Game of Thrones." what caused their divide: King Viserys (Paddy Considine). Related storiesHowever, Rhaenyra quickly figures out that he was actually trying to talk to her about the Song of Ice and Fire. The Song of Ice and Fire is a nod to "Game of Thrones"Olivia Cooke as Alicent Hightower and Emma D'Arcy as Rhaenyra Targaryen in "House of the Dragon." So it's entirely possible that future projects might also build more history into Aegon's prophecy in the "Game of Thrones" timeline.

Persons: —, Emma D'Arcy, Alicent Hightower, Olivia Cooke, Alicent, Baelor, Viserys, Paddy Considine, Tom Glynn, Carney, Rhaenyra, Theo Whitman, King, Westeros, it's, Jon Snow, Kit Harington, Emilia Clarke Organizations: Service, Business, Aegon, HBO, King Aegon, White Walkers, White

☆ The big winners of the AI boom are the most boring companies imaginable
▼ + stars: | 2024-07-01 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +7 min

Some of the main winners of the AI boom will be stocks currently sliding under the radar. Across the road, ground has been broken on another data center. This specifically means data centers, which will be increasingly key for storing information as AI becomes more mainstream. On a single-stock basis, Digital Realty Trust — the only data center real estate investment trust listed on the New York Stock Exchange — has jumped 38% over the last year, while the Global X Data Center & Digital Infrastructure ETF has climbed 12%. Mortonson says it's difficult for software companies to build around AI.

Persons: —, Ted Mortonson, Baird, we're, Goldman Sachs, hasn't, That's, Travis Miller, Miller, Mortonson, There's Organizations: Nvidia, Service, Goldman, Digital Realty Trust, New York Stock Exchange, X Data, Digital Infrastructure ETF, Bank of America, JPMorgan, Morningstar, Business, Software, Utilities Locations: US, Korea, India, Europe

☆ A financially independent entrepreneur shares the 'ticket for passive income' — and how she plans to grow from a six-figure business to 'multiple seven figures'
▼ + stars: | 2024-06-30 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewLiz Wilcox brings in, on average, $40,000 a month from her email marketing business — and she's not logging a lot of hours. Her business brought in five figures while she competed on the reality TV show without access to the outside world. AdvertisementThanks to the way she's set up her business, "I really could disappear for a month," said Wilcox. Because almost every business, if they're doing it right, is doing email marketing."

Persons: —, Liz Wilcox, I've, Wilcox, Burger King, We've, Liz, she'd, we'd Organizations: Service, Business, BI Locations: Destin , Florida

☆ Here's what will happen to Rhaenyra Targaryen on 'House of the Dragon,' if it follows her fate in the book
▼ + stars: | 2024-06-30 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +4 min

Read previewWarning: Major spoilers for the book "Fire and Blood," the first two episodes of "House of the Dragon" season two, and potential spoilers for future episodes of the show. Rhaenyra Targaryen seems like the better choice to rule Westeros in "House of the Dragon" season two to most viewers, but her story may be going down a dark path if the series strictly follows its source material. Here's how Rhaenyra Targaryen dies in "Fire and Blood." Rhaenyra then angers the people by raising taxes and executing people she thought helped Aegon II escape the capital. AdvertisementSealing his victory, Aegon II feeds Rhaenyra to his dragon Sunfyre in front of her last remaining child, Aegon III.

Persons: —, Rhaenyra Targaryen, Emma D'Arcy, Hightower, Tom Glynn, Carney, Rhaenyra, Joffrey Lannister, Margaery Tyrell, Targaryen, Joffrey, What's, George R, Ollie Upton, Helaena Targaryen, Joffrey Valeryon, Dragonstone Organizations: Service, Business, Aegon, HBO, Aegon II, Aegon III Locations: King's, Dragonstone

☆ A new era of smartphone wars is about to begin
▼ + stars: | 2024-06-30 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

Competition may have died down but the original smartphone wars were so intense for Steve Jobs he once declared that he'd start a "thermonuclear war." Smartphone wars in the AI eraThe smartphone market has been lagging. The company will be banking on Apple Intelligence being a hit with consumers, potentially revitalizing sales in markets like China. Samsung Galaxy S24 lineup. SamsungThe South Korean tech giant must be hoping to regain its crown as king of the smartphone market.

Persons: —, Steve Jobs, Jobs, Walter Isaacson, Justin Sullivan, Assurant, Tim Cook, Siri, Apple, OpenAI, iPhones, Wang Gang, it's Organizations: Service, Apple, Samsung, Business, Android, Google, Samsung Galaxy, Samsung's, Apple Intelligence, Worldwide, Huawei, Project Astra, Galaxy, South, IDC Locations: China, Paris

☆ An inside look at the workings of the 4-part arbitrage and momentum quant strategy driving an award-winning fund that's beaten 99% of its peers
▼ + stars: | 2024-06-29 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

For the ATRFX fund, this means betting on currencies, equities, commodities, and bonds, but not in a direct way. Instead, it employs everything from arbitrage strategies, riding out momentum and interest rates, or sitting on the sidelines when it's choppy. Over the last couple of years, higher interest rates have brought in some good yields. Related storiesOne step further is to arbitrage interest rates across currencies. Investors can do this by identifying national currencies with low interest rates, borrowing in that currency, and then lending in the currencies with higher interest rates.

Persons: David Miller, ATRFX, Miller, It's, that's, Yen, it's Organizations: Service, Systematic Alpha Fund, Business, Catalyst Capital Advisors, BNP Paribas, BNP, Commodities Commodities, Bloomberg, Federal Reserve

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