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☆ Venture firms could be the latest target for AI disruption, and that's not the only threat to VCs
▼ + stars: | 2024-06-24 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

In today's big story, we're looking at how AI could completely upend venture capitalism amid a wider shakeup for the industry . The generative AI boom was a welcome change for a venture industry looking for a new trend to back (and hopefully profit from). Some of the adjustments aren't novel to the VC industry. ACME Capital; Getty Images, Chelsea Jia Feng/BIThe VC industry might be doomed with or without AI. AdvertisementScott Stanford, a cofounder and partner at early-stage VC firm ACME Capital, told BI's Blake Dodge that half of today's VC firms will shutter in the next decade .

Persons: —, VCs zentilia, Jenny Chang, Rodriguez, Insider's Ben Bergman, Ben, Long, Scott Stanford, Chelsea Jia Feng, BI's Blake Dodge, Hany Nada, Jared Siskin, Bobby Jain's, Jonathan Barton, Jain, Rebecca Zisser, OpenAI, Apple, Elif, Jeff Bezos, Robert Winnett, Will Lewis, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Grace Lett, Amanda Yen Organizations: Service, Business, ACME, Getty, ACME Capital, Stanford, BI, Madison, Conservancy, Jain, EV, Ford, European, Regulators, Anadolu Agency, Getty Images, Washington, Harvard, Leagues Locations: today's, Wall, Saudi, Saudi Arabia, Europe, Brazil, Southeast Asia, London, American, Paris, New York, Chicago

☆ Abortion Debate Shifts as Election Nears: ‘Now It’s About Pregnancy’
▼ + stars: | 2024-06-24 | by ( Kate Zernike | ) www.nytimes.com time to read: +1 min

In the decades that Roe v. Wade was the law of the land, abortion rights groups tried to shore up support for it by declaring “Abortion Is Health Care.”Only now, two years after the Supreme Court eliminated the constitutional right to abortion, and just six months before the presidential election, has the slogan taken on the force of reality. The public conversation about abortion has grown into one about the complexities of pregnancy and reproduction, as the consequences of bans have played out in the news. The question is no longer just whether you can get an abortion, but also, Can you get one if pregnancy complications put you in septic shock? That shift helps explain why a record percentage of Americans are now declaring themselves single-issue voters on abortion rights — especially among Black voters, Democrats, women and those ages 18 to 29. Republican women are increasingly saying their party’s opposition to abortion is too extreme, and Democrats are running on the issue after years of running away from it.

Persons: Roe, Wade Organizations: Health, Black

☆ Jim Cramer's word of caution on Target-Shopify deal — plus, his thoughts on 4 more stocks
▼ + stars: | 2024-06-24 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +2 min

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. IBM : Shares rose 3% after Goldman Sachs initiated coverage of the stock with a buy rating. "We were surprised last quarter ... how much they're helping companies adjust to the new world" around artificial intelligence, Jim Cramer said. Target : Shares rose 2.5% after the retailer said companies that use Shopify's commerce platform can apply to join its third-party marketplace known as Target Plus. Affirm Holdings : Goldman Sachs assumed coverage of the buy now, pay later company with a buy rating.

Persons: Jim Cramer's, Goldman Sachs, Jim Cramer, Cramer, chipmaker Organizations: CNBC, Club, IBM, Carrier Global, Citigroup, Target, Costco, TJX Companies, Micron, Baird, Nvidia, Apple

☆ The Titanic is overrated, deep-sea explorers say. The wealthy keep venturing to it anyway.
▼ + stars: | 2024-06-23 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +6 min

Read previewThe Titanic may be one of the most popular and identifiable wreckage sites in the history of sea travel. It also may be one of the most overrated, deep-sea explorers told Business Insider. Söhnlein's company, Blue Marble Exploration, recently announced it would venture into Dean's Blue Hole, a site in the Bahamas about 660 feet from the surface. Dean's Blue Hole EyesWideOpen/Getty Images"Dean's Blue Hole is an enigma for geologists studying underwater caverns," Blue Marble Exploration's website says. The company adds that it expects to find "human remains" of people who drowned in the blue hole "due to a variety of misfortunes."

Persons: —, James Cameron's, Larry Connor, Karl Stanley, That's, Stanley, Guillermo Söhnlein, OceanGate, Söhnlein, it's, James Cameron, they're, Rush, Nicholas Mevoli Organizations: Service, Business, Titan, Stanley, OceanGate's, Stockton Rush, Stockton, Blue, Blue Marble Exploration, New York Times Locations: Kea, Blue Marble, Bahamas

☆ The S&P 500 will hit 8,000 by the end of the decade as the bull market continues through the 'roaring 20s,' market vet says
▼ + stars: | 2024-06-23 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The "Roaring 20s" are back and set take the S&P 500 to new heights, market vet Ed Yardeni says. The Yardeni Research president predicted the benchmark index could hit 8,000 by the end of this decade. AdvertisementThe bull market in stocks is bound to run on until the end of this decade, according to market veteran Ed Yardeni. Then there is the ever-growing investor excitement about the potential of artificial intelligence, which has carried mega-cap tech stocks steadily higher over the last 18 months. "The news just continues to be very exciting about the technology revolution, that's driving, what I think, is the Roaring 2020s," he added.

Persons: Ed Yardeni, —, David Lin, Yardeni, There's Organizations: Yardeni, Service, Atlanta Fed, Nvidia, Oracle

☆ America’s housing crisis continues to worsen
▼ + stars: | 2024-06-23 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

Washington CNN —Homeowners in America aren’t the only ones struggling with an unaffordable housing market. A report from Harvard University’s Joint Center for Housing Studies released last week showed that both homeowners and renters in recent years have become increasingly burdened by climbing housing costs. That’s all part of a broader struggle in the US housing market, and recent data shows that it hasn’t gotten any better. But there’s a problem: ChatGPT — soon to be integrated into Siri — is banned in China, reports my colleague Samantha Murphy Kelly. The Chicago Fed releases its National Activity Index for May.

Persons: ” Lael Brainard, ”, “, Brainard, Biden, ” Brainard, ChatGPT —, Siri —, Samantha Murphy Kelly, OpenAI, Siri, ChatGPT, Read, Christopher Waller, Lisa Cook, Michelle Bowman, General Mills, Levi Strauss, Tom Barkin Organizations: CNN Business, Bell, Washington CNN — Homeowners, America aren’t, Harvard University’s, for Housing Studies, Harvard, “, White, Economic Council, Urban Institute, Administration, Apple, Apple Intelligence, Microsoft, Google, Meta, Samsung, Cyberspace Administration, FedEx, Chicago Fed, Global, Index, Board, Micron, General, US Commerce Department, Federal Reserve, Nike, McCormick, Walgreens, US Labor Department, National Association of Realtors, Richmond Fed, University of Michigan Locations: Washington, America, Congress, China

☆ Gretchen Whitmer says Biden isn't getting credit for the infrastructure law because voters are 'stressed out'
▼ + stars: | 2024-06-23 | by ( John L. Dorman | ) www.businessinsider.com time to read: +1 min

President Joe Biden has struggled to make his infrastructure success resonate with voters. Gretchen Whitmer told the Times that many voters simply aren't plugged into DC. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWhen Gretchen Whitmer first ran for the Michigan governorship in 2018, she pledged to "fix the damn roads." In a recent interview with The New York Times, Whitmer was asked why President Joe Biden has so far struggled to earn widespread credit for the $1.2 trillion bipartisan infrastructure law among voters.

Persons: Joe Biden, Gretchen Whitmer, —, Whitmer Organizations: Michigan Gov, Times, Service, The New York Times, Business Locations: Michigan, Whitmer's

☆ ‘My vision went dark’: CNN reporter experiences 6G-force before hitching a fighter jet ride
▼ + stars: | 2024-06-22 | by ( Brad Lendon | ) edition.cnn.com time to read: +11 min

Four South Korean F-4 fighter jets fly in formation on May 8, 2024, during a commemorative final flight of the aircraft. That test would come a few weeks before the F-4 flight at a South Korean Air Force medical facility south of Seoul. Lendon in the back seat of a South Korean F-4 Phantom flying over southern South Korea on May 8, 2024. South Korean Air Force F-4s flying in formation with two KF-21 fighter jet prototypes over southern South Korea on May 8, 2024. A total of 120 are expected to be delivered to the South Korean Air Force by 2030, and the jet is expected to be exportable.

Persons: Douglas, Lendon, –, didn’t, I’m, It’s, Neil Armstrong, John Glenn, I’d, don’t, South Korea Brad Lendon, Daegu –, vomited, “, ”, wouldn’t Organizations: South Korea CNN —, South Korean Air Force, US Navy, CNN, US Navy Blue Angels, US Air Force Thunderbirds, hometown Cleveland National Air, South, McDonnell, US, Korean, Wright, Daegu Air Base, Daegu, General, KF, Korean Air Force, South Korean Air Force Korea Aerospace Industries, Phantoms, Boeing, South Korean Airforce, Suwon Air Base Locations: Suwon, South Korea, Midway, Japan, Vietnam, North Korea, Seoul, Greece, Turkey, Iran, Daegu, Ohio, Korean, South Korean

CNN —Iranian dissident rapper Toomaj Salehi had his death sentence overturned by the Iranian Supreme Court this week in what his lawyers have deemed a victory for human rights in Iran. After being briefly released from prison in 2023, Salehi was re-arrested for “making false claims and spreading lies,” according to Iranian judiciary news agency Mizan. On Saturday, his lawyer Amir Raesian broke the news of the reversal in a post on X, saying that the Iranian Supreme Court had “avoided irreparable judicial error” and overturned Salehi’s death sentence this week. The Supreme Court found that the death sentence delivered to Salehi was excessive and failed to comply with Iranian law,” the group said in a statement Saturday. London-based human rights lawyer Caoilfhionn Gallagher who is the international counsel for the Salehi family said it was “not enough” that his life had been “spared” by the Iranian authorities.

Persons: Toomaj Salehi, Salehi, Mahsa, Amir Raesian, “, Iran’s, Chambers, Caoilfhionn Gallagher, Gallagher, ” Gallagher, Toomaj, ” “, Richard Branson, ”, Jemimah Steinfeld, ” Claudia Bennett Organizations: CNN, Iranian, Mizan, UN, Academy, Human Rights Foundation Locations: Iranian, Iran, Isfahan, London’s, London, British

On May 19, Euless Police Department officers responded to a call at an apartment complex pool regarding a disturbance between two women. Witnesses told officers “a woman who was very intoxicated had tried to drown a child and argued with the child’s mother,” police said in a news release. The woman, identified as Elizabeth Wolf, 42, was approached by officers as she tried to leave and placed under arrest for public intoxication. The victim’s mother told police Wolf was questioning where she was from and if the two children playing at the pool were hers, the release said. The mother began helping her son when Wolf grabbed her 3-year-old daughter and forced her underwater,” the news release said.

Persons: Witnesses, “, ”, Elizabeth Wolf, Wolf, CNN Wolf, ” Captain Brenda Alvarado, Shaimaa Zayan, Salman Bhojani Organizations: CNN, Islamic Relations, Euless Police, Euless Police Department, Texas Locations: Texas, American, Palestine, Tarrant County, ”, Euless

☆ Washington Post will not bring in Robert Winnett as its top editor after report raised ethical questions
▼ + stars: | 2024-06-21 | by ( Oliver Darcy | ) edition.cnn.com time to read: +2 min

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

☆ Editor Tapped to Lead Washington Post Won’t Take the Job
▼ + stars: | 2024-06-21 | by ( Benjamin Mullin | Katie Robertson | ) www.nytimes.com time to read: +1 min

Robert Winnett, the editor selected to run The Washington Post, will not take up that position, after reports raised questions about his ties to unethical news gathering practices in Britain. Mr. Winnett will stay at The Daily Telegraph, where he is the deputy editor, according to emails sent on Friday to employees of the London-based newspaper and to staff at The Post. “I’m pleased to report that Rob Winnett has decided to stay with us,” read a message to Telegraph employees from the newspaper’s top editor, Chris Evans. “It is with regret that I share with you that Robert Winnett has withdrawn from the position of editor at The Washington Post,” Mr. Lewis wrote. “Rob has my greatest respect and is an incredibly talented editor and journalist.” He said that The Post would run a search to fill that role.

Persons: Robert Winnett, Winnett, “ I’m, Rob Winnett, ”, Chris Evans, “, ” Will Lewis, ” Mr, Lewis, “ Rob Organizations: Washington Post, Daily Telegraph, The, The Washington Post Locations: Britain, London

☆ Gold set for weekly gain on U.S. rate-cut optimism, geopolitical woes
▼ + stars: | 2024-06-21 | by ( ) www.cnbc.com time to read: +2 min

Gold prices were poised for a second consecutive weekly gain on Friday, driven by safe-haven demand amid tensions in the Middle East and rising bets that the U.S. Federal Reserve might reduce interest rates later this year. Gold prices were poised for a second consecutive weekly gain on Friday, driven by safe-haven demand amid tensions in the Middle East and rising bets that the U.S. Federal Reserve might reduce interest rates later this year. Spot gold was up 0.1% at $2,360.95 per ounce as of 0344 GMT, after hitting a two-week high in the previous session. Lower interest rates reduce the opportunity cost of holding non-yielding bullion. Spot silver fell 0.4% to $30.60 per ounce, platinum was up 0.4% at $982.45 and palladium gained 0.8% to $930.98.

Persons: Bullion, Kelvin Wong, Wong, Luca Santos Organizations: U.S . Federal, Asia Pacific, Gaza, ACY Locations: Gaza, OANDA, U.S

☆ Apple Intelligence won't launch in EU in 2024 due to antitrust regulation, company says
▼ + stars: | 2024-06-21 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Tim Cook, chief executive officer of Apple Inc., during the Apple Worldwide Developers Conference at Apple Park campus in Cupertino, California, US, on Monday, June 10, 2024. Apple said Friday it won't release three recently announced features, including its flagship "Apple Intelligence" AI product, in the European Union in 2024 due to "regulatory uncertainties" stemming from the bloc's Digital Markets Act antitrust regulation. Apple Intelligence can proofread writing or even rewrite it in a friendly or professional tone. Apple saw 2023 net sales of $94.3 billion in Europe, just under a quarter of its worldwide net sales. Apple Intelligence also won't be available in Greater China, which accounted for $72.6 billion of its 2023 sales.

Persons: Tim Cook, Apple Organizations: Apple Inc, Apple Worldwide, Apple, Apple Intelligence, European Union, bloc's, EU, Microsoft, OpenAI, European Locations: Cupertino , California, Europe, Greater China

☆ Opinion: My uncle Nate was lost on D-Day. At last, he is being buried with honor
▼ + stars: | 2024-06-21 | by ( Opinion Samantha Baskind | ) edition.cnn.com time to read: +9 min

Uncle Nate was Jewish. German war records told a different story: Nate was taken prisoner and died of his wounds at a German Airforce hospital. “Did they find Uncle Nate’s femur yet, Mom?” my daughter Naomi would ask while eating her salad. And after the match: “Have you picked Uncle Nate’s coffin yet?” Asher wants to know. Uncle Nate fought for our freedoms, and his death reminds us that freedom is never free.

Persons: Samantha Baskind, Nathan B, –, – –, Nate, ignobly, Uncle Nate, Baskinds, Abe Baskind, Colonel W.E, Campbell, “, ”, Nathan Baskind, Philip Baskind, Benjamin – –, Benjamin, David, Operation Benjamin, Rudolf Bauer, Leonhard Aumüller, Nate’s, Naomi, Asher, ” Asher, Nathan Baskind’s, Baskind Organizations: Cleveland State University, Art, CNN, US Army, Jewish, Eastern, American, German Airforce, Army, Commission, US Mortuary Service, US, Monuments Commission Locations: Warsaw, Normandy, Pittsburgh, Auschwitz, Cherbourg, Virginia, German, Texas, Northwest Africa, Tunisia, Italy, England, France, Utah

☆ Jeff Bezos is under fire at the Washington Post as patience wears thin among staffers
▼ + stars: | 2024-06-21 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

New York CNN —When will Jeff Bezos actually address the upheaval roiling his newsroom? “Will Lewis needs to step down for the good of The Post and the public,” wrote Higham on Facebook. But surely the billionaire understands the dire situation gripping The Post. Staffers at The Post are very much waiting for Bezos to take some meaningful form of action. In the absence of Bezos, the stories raising questions about Lewis’ ethical integrity keep coming.

Persons: Jeff Bezos, Will Lewis, Bezos, Lewis, Robert Winnett, David Maraniss, doesn’t, Scott Higham, Lewis ’, “ Will Lewis, ”, Higham, it’s, He’s, Boris Johnson, Johnson Organizations: New York CNN, Washington Post, The, Facebook, CNN, Financial Times, New York Times Locations: New York, Higham

☆ 2028 L.A. Olympics unveil venue plan: Swimming in SoFi, softball in Oklahoma City
▼ + stars: | 2024-06-21 | by ( Lauren Merola | Mark Cooper | ) www.nytimes.com time to read: +5 min

Organizers for the 2028 Los Angeles Olympics plan to hold swimming in the home of the NFL’s Rams and Chargers — and softball and canoe slalom in Oklahoma. That’s according to an amended venue plan unveiled Friday by LA28, the 2028 Games’ organizing committee. It will be the largest swimming venue in Games history, per LA28, with 38,000 seats. LA28 organizers faced one complication with the SoFi swimming plan, however: The stadium is also set to be part of the Games’ opening ceremonies. The venue plan adjustments are in part due to new arenas that have become available for use and a previously assigned venue that became unavailable, LA28 said.

Persons: LA28, Katie Ledecky, “, ” Ledecky, Sarah Stier, Casey Wasserman, Brian Bahr, David Holt, ” Holt, ” Wasserman, Qian Weizhong Organizations: Olympics, NFL’s Rams, Chargers, Olympic Committee, SoFi, Lucas Oil, NFL, Olympic, New York Times, Athletics, Oklahoma City, USA Softball, International, Devon Park, Women’s, OGE Energy, Getty, IOC, Hollywood, Crypto.com Arena, Lakers, Kings, Sparks, Intuit, LA Clippers, USC’s Locations: Oklahoma, Inglewood , Calif, U.S, Indianapolis, Indianapolis , Indiana, Oklahoma City, Los Angeles, Devon, Okla, Paris, Lille, Tahiti, Long Beach, Calif, Exposition, Temecula , Calif, Sepulveda, L.A, Fernando Valley, Tokyo

☆ Stocks making the biggest moves midday: Sarepta Therapeutics, Hertz Global, Asana and more
▼ + stars: | 2024-06-21 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

Hertz Global — Shares rose more than 10% after the car rental giant upsized a bond offering to $1 billion . Asana — The stock popped 10.5% after the software firm announced a share buyback plan that would cost $150 million. Nvidia — The chipmaker dropped another 1% following a 3.5% decline in the previous session. Gilead Sciences — Shares of the pharmaceutical company popped around 2%, adding to an 8.5% rally from the previous session. Palo Alto Networks — Shares rose 2.4% after D.A.

Persons: Gilead, LendingTree, Davidson, D.A, Boyd Gaming, Boyd, —, Alex Harring, Yun Li, Lisa Kailai Han, Hakyung Kim, Michelle Fox Organizations: Therapeutics, U.S . Food, Drug Administration, FDA, Hertz, Nvidia, Gilead Sciences, Bloomberg, Palo Alto, D.A, Penn Entertainment, Boyd, Reuters, Boeing Locations: U.S, Gilead, Palo, cybersecurity, Thursday's

☆ Nvidia’s shares are on fire. The broader stock market looks less rosy
▼ + stars: | 2024-06-21 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

New York CNN —Nvidia’s eye-popping gains this year have helped propel the stock market to repeated record highs. Can Nvidia’s blockbuster gains continue, and what does its outsized market cap mean for the stock rally? Now everyone says, “the market is dependent on Nvidia’s earnings.” You’re going to see a kind of a shift in market cap over the years. “These lower mortgage rates coupled with the gradually improving housing supply bodes well for the housing market.”Still, mortgage rates remain higher than anything seen in the decade before 2022, the year the Federal Reserve began to raise interest rates to combat inflation. The Fed doesn’t directly set mortgage rates but its actions do influence them through the benchmark 10-year US Treasury yield, which moves in anticipation of the Fed’s policy moves.

Persons: OpenAI’s, Bell, Christopher Barto, ” You’re, Bryan Mena, Freddie Mac, ”, Sam Khater, Freddie Mac’s, don’t, Read, Ilya Sutskever, Clare Duffy, Sutskever, Geoffrey Hinton Organizations: CNN Business, Bell, New York CNN, Nvidia, Microsoft, Fort Pitt Capital Group, Apple, Meta, Google, Amazon, “, Federal Reserve, Treasury, Superintelligence Inc, SSI Locations: New York

☆ Jeff Bezos' plan for The Washington Post is imploding
▼ + stars: | 2024-06-21 | by ( Kieran Corcoran | Chris Johnston | ) www.businessinsider.com time to read: +1 min

Jeff Bezos is trying to end a financial catastrophe at The Washington Post, employing new leaders. But on Friday a crucial player, Robert Winnett, decided not to join and helm the newsroom after all. AdvertisementJeff Bezos has grand plans to remake The Washington Post. The incoming editor for the newsroom — Robert Winnett, the golden boy of the UK's Daily Telegraph newspaper — pulled out of the job Friday morning. He ditched the role after a slew of revelations about his own past as a writer in London and that of Will Lewis, the Washington Post publisher and old friend who tapped him for the top job.

Persons: Jeff Bezos, Robert Winnett, —, Will Lewis Organizations: Washington Post, Service, Daily Telegraph, Business Locations: London

☆ My husband and I used a 'Cinderella' rule to limit our kids' screen time. We don't regret it.
▼ + stars: | 2024-06-20 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +4 min

Read previewThis as-told-to essay is based on a conversation with Maria Estrada, 51, who is a plant-science lecturer at Fresno State and the mother of two teenagers. But when they were in middle school and younger, we had a Cinderella thing: At midnight, all the wifi would disappear. How we locked their devices at midnightLeft to right: Maria Estrada, her kids Pauline and John, and her husband Dexter, after the kids won first place in the plant science category at a science competition. Maria EstradaMy husband, Dexter, used two different apps to lock our kids' devices so they couldn't stay up late texting, watching videos, and playing games. Our kids have both excelledI don't do anything to restrict my kids' screen time anymore.

Persons: —, Maria Estrada, It's, I've, Estrada, Pauline, John, Dexter, John Benedict Estrada, he'd, Pauline Estrada, Maria Estrada Pauline, they've Organizations: Service, Fresno State, Business, YouTube, Microsoft, Safety, University of California Locations: Berkeley

☆ Dilemma on Wall Street: Short-Term Gain or Climate Benefit?
▼ + stars: | 2024-06-20 | by ( Lydia Depillis | ) www.nytimes.com time to read: +1 min

A team of economists recently analyzed 20 years of peer-reviewed research on the social cost of carbon, an estimate of the damage from climate change. They concluded that the average cost, adjusted for improved methods, is substantially higher than even the U.S. government’s most up-to-date figure. That means greenhouse gas emissions, over time, will take a larger toll than regulators are accounting for. In fact, the news from Wall Street lately has mostly been about retreat from climate goals, rather than recommitment. Banks and asset managers are withdrawing from international climate alliances and chafing at their rules.

Locations: Banks

☆ The Weatherman Who Tried to Bring Climate Science to a Red State
▼ + stars: | 2024-06-20 | by ( Cara Buckley | ) www.nytimes.com time to read: +1 min

In 2021, Chris Gloninger, a television weatherman in Boston with a passion for climate science, was approached with an intriguing prospect. Would he consider a job as chief meteorologist at a television station in Des Moines? The station, KCCI, wanted to amp up climate coverage, Mr. Gloninger said he was told, not least because agriculture was so important in the state. In announcing Mr. Gloninger’s hiring to the newsroom, Ms. Smith highlighted his extensive climate coverage. “My big takeaway was that there’s going to be a lot of climate involved,” said Mr. Serwe, now a meteorologist at KSTP in St. Paul, Minn.

Persons: Chris Gloninger, Allison Smith, Gloninger, Mr, Smith, Matt Serwe, ”, Serwe Locations: Boston, Des Moines, St, Paul

☆ Russian court begins hearing treason case against US-Russian citizen
▼ + stars: | 2024-06-20 | by ( Christian Edwards | ) edition.cnn.com time to read: +2 min

CNN —The trial of a US-Russian dual citizen, accused of committing treason by fundraising for Ukraine’s military, has begun in the Russian city of Yekaterinburg. Chris Van Deerden, Karelina’s boyfriend, told CNN he had bought her tickets to visit the country as a birthday gift. Karelina is among several American citizens being held in Russian prisons, including journalists and former soldiers. His trial will also be held behind closed doors in Yekaterinburg, where he was arrested more than a year ago. Discussing Karelina’s case, the Russian investigative journalist Andrei Soldatov told CNN the FSB aims “to build up a bank of hostages with American passports,” which Moscow can use “as leverage” in any negotiations with Washington.

Persons: Ksenia Karelina, Chris Van Deerden, ”, ” Van Heerden, Karelina, Evan Gershkovich, Andrei Soldatov Organizations: CNN, Federal Security Service, Street Locations: Russian, Yekaterinburg, Ksenia, Ukrainian, Beverly Hills , California, Los Angeles, Russia, New York, Ukraine, American, Moscow, Washington

☆ OpenAI competitor Anthropic announces its most powerful AI yet
▼ + stars: | 2024-06-20 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

In this article AMZN Follow your favorite stocks CREATE FREE ACCOUNTJakub Porzycki | Nurphoto | Getty ImagesOpenAI competitor Anthropic on Thursday announced Claude 3.5 Sonnet, its most powerful artificial intelligence model yet. Anthropic, which was founded by ex-OpenAI research executives, has backers including Google, Salesforce and Amazon . The company said Claude 3.5 Sonnet is faster than its previous leading model, Claude 3 Opus, and is the first model from Anthropic's new Claude 3.5 family. Zoom In Icon Arrows pointing outwards Claude 3.5 SonnetClaude 3.5 Sonnet is free from the company's website, Claude.ai, and in the Claude iPhone app. Zoom In Icon Arrows pointing outwards Claude Artifacts

Persons: Jakub Porzycki, Anthropic, Claude, it's, OpenAI's, Opus, Claude Pro, Claude chatbot Organizations: Nurphoto, Getty, Google, Team

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