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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed needs more 'confidence' that inflation will be moving sustainably lower: BofA's Mark CabanaMark Cabana, Bank of America Securities head of U.S. rates strategy, joins 'Squawk Box' to discuss the move in global bond yields, what it means for markets, the Fed's rate path outlook, and more.
Persons: Mark Cabana Mark Cabana Organizations: Bank of America Securities
"I like a crisp document and a messy meeting," Bezos said in a conversation with podcaster Lex Fridman in December. Microsoft had just bought the company Williams worked at. Gates "was always curious, always wanted to understand, always drilling for more detail," Williams wrote for BI in 2023. AdvertisementAfter Jobs died in 2011, Segall wrote a book about Apple's work culture, "Insanely Simple." "He stopped cold," Segall wrote.
Persons: , Mark Cuban, Jeff Bezos, Cooper Neill, Bezos, Lex Fridman, Bill Gates, Sean Gallup, Chris Williams, Gates, Williams, he'd, Steve Jobs, Justin Sullivan, Ken Segall, Jobs, Segall, Lorrie, Eric Schmidt, Antoine Antoniol, Schmidt, Jonathan Rosenberg, Rosenberg Organizations: Service, Business, Getty, Microsoft, Intel, BI, Getty Former, Google
(Photo by AaronP/Bauer-Griffin/GC Images)Memorial Day weekend is usually a big one for moviegoers and Hollywood, but this year's numbers show otherwise. Now the heat is on for Hollywood to deliver the rest of summer movie season. 1 film at the Memorial Day box office since 1995's "Casper," leaving out 2020, when Covid shut down theaters and halted production. (Leaving out 2020 and 2021, this was also the worst overall Memorial Day weekend for Hollywood since 1995, as well.) Last year, Disney 's live-action version of "The Little Mermaid" opened to $118 million domestically over the holiday.
Persons: Max, Bauer, Griffin, Casper, Covid, Comscore, Paul Dergarabedian, Dergarabedian, Disney's, Guy, Barbie, Oppenheimer, Deadpool Organizations: HOLLYWOOD, Hollywood, Highland, AaronP, Warner Bros, Comscore, Disney, NBC, Paramount, Marvel, Guardians, Universal Locations: CA, Hollywood , California
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndivior CEO Mark Crossley on combatting the opioid crisis with new drugsMark Crossley, Indivior CEO, joins 'Squawk Box' to discuss what Indivior does, how much the company's drugs costs, and usage of the company's drugs.
Persons: Mark Crossley Organizations: Indivior
In today's big story, we're looking at the push for WFH Fridays and how that plays into the "quiet vacationing" phenomenon . The big storyAnti-office FridaysHector Roquet Rivero/Getty Images; Jenny Chang-Rodriguez/BIWith all due respect to summer Fridays, we've found a year-round replacement: WFH Fridays. But WFH Fridays' staying power remains to be seen. Which brings us back to WFH Fridays. The end result could be employers saying abuse of WFH Fridays means they need you back in the office… for good.
Persons: , Hector Roquet Rivero, Jenny Chang, Rodriguez, we've, Insider's Juliana Kaplan, Noah Sheidlower, It's, Taiyou Nomachi, millennials, they've, BI's Kelsey Vlamis, haven't, it's, Momo Takahashi, Goldman Sachs, SEB Research, That's, Andrew Caballero, Reynolds, Isabel Fernandez, OpenAI, Scarlett Johansson, Sam Altman, Y Combinator, Tyler Le, Mark Cuban, Vivek Ramaswamy, Burger King, Dan DeFrancesco, Hallam Bullock, George Glover, Grace Lett, Laine Napoli Organizations: Service, Business, Workers, Companies, RBC Capital, Pujol, BI, Microsoft, Google, Bloomberg, Finance Ministers, Central Bank Governors Locations: Dublin, Germany, Meta, BuzzFeed, New York, London, Chicago
America's power grid is old and stressed. The main problem: It takes way too long to build towering high-voltage power lines that carry electricity across state lines and to hook up new power to the grid. AdvertisementBut upgrading the power grid gets bogged down by several issues. A new rule issued by the Federal Energy Regulatory Commission this month is aimed at tackling some of the problems. If the US doesn't invest in regional transmission lines, customers will pay the price in the form of congestion and more life-threatening outages.
Persons: Brett White, Larry Gasteiger, Allison Clements, West Virginia —, Jeffrey Shields, PJM, Shields, Manu Asthana's, Asthana, Mark Christie, Neil Chatterjee, Chatterjee, Christine Powell, Chuck Schumer, Gasteiger Organizations: Service, Business, Energy, Princeton University, Federal Energy Regulatory, Democrat, Sierra Club, Republican, Department of Energy, DOE, FERC, Earthjustice's Clean Energy, University of Chicago, wouldn't Locations: Pine, States, Maryland, Pennsylvania, West Virginia, New Jersey, California
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Share genuine gratitudeIt doesn't hurt to include genuine appreciation and praise for the person you're contacting. Do research on the person you're reaching out to. If you have a strong mutual relationship, ask for an in-person meeting. Set aside 20 minutes a week to intentionally expand your network, and you'll find yourself attracting more opportunities, relationships, and wealth.
Persons: , I've, It's, Mark Cuban, Andrew Yeung Organizations: Service, Business, Spotify, Meta, Google, Silicon, Tech, Fortune, LinkedIn, ABC Company, Facebook, Business Planning, Next Locations: South East
OpenAI announced it would pull one of the ChatGPT voices named "Sky" after it created controversy for its resemblance to the voice of actress Scarlett Johansson in "Her," a movie about artificial intelligence. "We've heard questions about how we chose the voices in ChatGPT, especially Sky," the Microsoft -backed company posted on X. The news comes one week after OpenAI debuted a range of audio voices for ChatGPT, its viral chatbot, a new AI model called GPT-4o, and a desktop version of ChatGPT. Users watching the live demonstration of ChatGPT's audio capabilities immediately began to post on social media that the "Sky" voice sounded like Johansson in the movie. "Sky's voice is not an imitation of Scarlett Johansson but belongs to a different professional actress using her own natural speaking voice," the company wrote.
Persons: Scarlett Johansson, Radhika Jones, We've, Samantha, Johansson, OpenAI, Sam Altman, , Anthropic, Mark Chen Organizations: Wallis Annenberg Center, Performing Arts, OpenAI, Microsoft, ChatGPT, Google Locations: Beverly Hills , California, ChatGPT, Ember
We'll show you how to watch Fury vs. Usyk live streams in over 200 countries. You'll need to pay a pay-per-view (PPV) fee to see Fury vs. Usyk. How to watch Fury vs. Usyk in the US & CanadaDAZN will live stream the Fury vs. Usyk fight across North America. When is Fury vs. Usyk live stream? The Fury vs. Usyk will be held at the Kingdom Arena in Riyadh, Saudi Arabia.
Persons: Tyson Fury, Oleksandr Usyk, Ukrainian Oleksandr Usyk, Jai Opetaia, Joe Cordina, Anthony Cacace, Usyk, Canada DAZN, It's, DAZN, ExpressVPN, Francis Ngannou, Mairis Briedis, Frank Sanchez, Agit Kabayel, Moses Itauma, Ilja Mezencev, Mark Chamberlain, Joshua Wahab, Sergey Kovalev, Robin Sirwan Safar, Daniel Lapin, Octavio Pudivitr, David Nyika, Michael Seitz, Isaac Lowe, Hasibullah Ahmadi Organizations: Business, WBC, WBO, WBA, IBF, titans, Canada Locations: Ukrainian, North America, Canada, Riyadh, Saudi Arabia
President Biden is spending much of his time this week speaking directly to Black voters, a constituency that carried him to the White House in 2020 and whose voters are now threatening to withhold their support as Mr. Biden’s final presidential campaign unfolds. Mr. Biden’s most high-profile event this week is still to come. On Sunday, he will deliver a commencement speech at Morehouse College, a prestigious, historically Black institution. He was speaking to a crowd at the National Museum of African American History and Culture celebrating the 70th anniversary of Brown v. Board of Education, a landmark civil rights ruling that outlawed racially segregated schools. Not even the venue choice seemed like a complete coincidence: As a senator, Mr. Biden was one of the original co-sponsors of legislation establishing the museum, and he attended its opening as vice president in 2016.
Persons: Biden, Biden’s, Joe Biden, I’m, , Brown Organizations: White House, Morehouse College, National Museum of, of Education
Jeff Yang CNNLike its predecessors, GPT-4o is trained on enormous quantities of data to process queries, recognize patterns and deliver helpful responses. Watching the reveal, I found myself involuntarily gasping as researchers Mark Chen and Barret Zoph showed off GPT-4o’s new chops. The freakout aspect of the reveal came from how it demonstrated that GPT-4o isn’t just a tool — it’s a tool with personality. On the one hand, having the option to interrupt your AI chatbot when it’s going astray saves time. On the other, watching dudes repeatedly talking over a female-reading chatbot made it abundantly clear why you can’t spell “mansplain” without AI.
Persons: Jeff Yang, Bruce ”, , Jeff Yang CNN, Mark Chen, Barret Zoph, Chen, Mira Murati, Parmy Olson, , Desi Lydic, , Sam Altman, it’s, Siri, ” chuckling, Altman, Spike Jonze’s, Joaquin Phoenix, Scarlett Johansson, Marc Benioff, Johansson, chatbot, mansplain Organizations: CNN, omni, Zoph . Media, Bloomberg, , Twitter, Boston Dynamics Locations: Asian America, America, omnimodal
Mark Critchley and Chris Waugh analyse the main talking points from Old Trafford…What does this mean for Manchester United? Mark CritchleyWhat does this mean for Newcastle United? Howe’s side are level on points with Manchester United, but above Ten Hag’s team on goal difference, a factor which could yet prove critical. Newcastle’s season-long away form, which is merely the 15th-best in the Premier League, has held them back throughout the campaign. What next for Newcastle United?
Persons: Newcastle United’s, Premier League Kobbie Mainoo, Anthony Gordon, Rasmus Hojlund, Lewis Hall, Mark Critchley, Chris Waugh, Erik, Mainoo, Oli Scarff, Stu Forster, Newcastle’s, Bruno Fernandes, Antony, Amad’s, Marcus Rashford, Alejandro Garnacho, Gordon, Aaron Wan, Jacob, St James ’ Park, they’ve, I’m, , Eddie Howe, Roberto De Zerbi’s, Eddie Howe’s, Organizations: Old, Manchester United, FA, Manchester City, Brighton, Premier League Kobbie, Newcastle, Arsenal, Getty, Europa League, Premier League, Newcastle United, Chelsea, Bournemouth, Brentford, Sunday, Europa Conference League, Ten, Manchester United’s, Manchester, St James, “ Newcastle, Sunday’s, Gtech Locations: Newcastle, Old Trafford, Europe, Crystal, AFP, Manchester, Brighton, Griffin
We've compiled everything you need to know about how to watch Fury vs. Usyk live streams in more than 200 countries. ET / 5 p.m. BSTHow to watch Fury vs. Usyk in the US & CanadaFury vs. Usyk will be available to live stream through DAZN in the US and Canada. So, you'll only need to pay the $69.99 upfront for the Fury vs. Usyk PPV event. How to watch Fury vs. Usyk in 200 other countriesDAZN is available in more than 200 countries. According to DAZN, the Fury vs. Usyk ring walks are expected to start at 6:05 p.m. ET/11:05 p.m. BST.
Persons: Tyson Fury, Oleksandr Usyk, We've, Francis Ngannou, Fury, Usyk, It's, DAZN, ExpressVPN, Jai Opetaia, Mairis Briedis, Joe Cordina, Anthony Cacace, Frank Sanchez, Agit Kabayel, Moses Itauma, Ilja Mezencev, Mark Chamberlain, Joshua Wahab, Sergey Kovalev, Robin Sirwan Safar, Daniel Lapin, Octavio Pudivitr, David Nyika, Michael Seitz, Isaac Lowe, Hasibullah Ahmadi Organizations: Business, UFC, WBC, WBO, WBA, IBF, Canada, & Canada Locations: Saudi Arabia, DAZN, Canada, It's
Republican Mark Christie opposed the rule, dismissing it as a gift to solar and wind power operators. Many power companies and Republican-led states don't want to spend money on new transmission lines or upgrades for renewable energy, creating conflicts with Democratic states that have ambitious clean-energy goals. The rule is intended to streamline how power lines are sited and how costs are shared between states. It could accelerate construction of new transmission lines for wind, solar and other renewable power and add huge amounts of clean energy to the grid. The new rule "will improve regional transmission planning, break down barriers to grid buildout and support the delivery of more affordable and reliable power,″ Zaidi said.
Persons: Joe Biden's, Willie Phillips, Allison Clements, Republican Mark Christie, Phillips, Christie, , Biden, Ali Zaidi, ″ Zaidi, Clements, Heather O'Neill, Chuck Schumer, Schumer Organizations: Federal Energy Regulatory Commission, Democratic, Republican, Energy Department, FERC, Advanced Energy Locations: Washington, U.S
Read previewThe US has been outclassed by its rivals, such as Russia, in its capacity to remotely take out enemy weapons using jamming technology, according to former US military officials. He called on the US to get more creative to regain its dominance in electronic warfare. AdvertisementLast year, Ukraine's outgoing senior commander, Valery Zaluzhnyi, in an interview with The Economist, said Russia's electronic warfare capability had given it an important edge. The US is closely studying the conflict for information on how to improve its electronic warfare systems. In May, Defense News that the Pentagon is spending millions on developing new electronic warfare systems and technology to evade GPS jamming.
Persons: , Mike Nagata, Nagata, they've, Valery Zaluzhnyi, Mark Cancian, Grant Shapps Organizations: Service, US Army, Business, Russia, US, Defense News, Pentagon, Center for Strategic, International Studies, Department of Defense Locations: Russia, Ukraine, United States, Tampa , Florida, Europe
The 2024 Army Force Structure Transformation would be the Army's fifth major reorganization since 2003. The most striking aspect of the Army's plan is the large number of new units, for counter-drone protection as well as air and missile defense. In addition, there would be nine counter-small UAS batteries tasked with destroying small drones, and four more Maneuver Short Range Air Defense (M-SHORAD) battalions to stop manned aircraft, helicopters and drones. Monica K. Guthrie/US ArmyThe Army is also basing its plans on untried weapons, such as the Long-Range Hypersonic Missile and air defense lasers. China and Russia have much stronger air and missile forces than the regional opponents the army has faced for the last generation."
Persons: Monica K, Mark Cancian, Cancian, Michael Peck Organizations: Service, US Army, 2024, Army, Business, Congressional Research Service, Congress, Air Defense, Domain, Forces, CRS, Special Operations Forces, Security Force, Guthrie, Energy, Center for Strategic, International Studies, US, Nuclear Forces, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Russia, China, Soviet Union, Ukraine, Forbes
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The tech giant unveiled its latest iPad models on May 7. The ad certainly made a statement, just probably not in the manner that Apple intended. "Maybe hire Ridley Scott again next time instead," read one X post referencing the award-winning director behind the "1984" ad. Representatives for Apple didn't immediately respond to a request for comment from BI sent outside regular business hours.
Persons: , Tim Cook's, 6PeGXNoKgG, Tim Cook, Joe B, Transue, Cook, Roger Rabbit, Apple, Ridley Scott, Y, Paul Graham, Graham, would've, Steve Jobs, Steve wouldn't, Jobs, Apple didn't Organizations: Service, Business, Venture, Apple, BI Locations: Cupertino
The Major Supreme Court Cases of 2024No Supreme Court term in recent memory has featured so many cases with the potential to transform American society. In 2015, the Supreme Court limited the sweep of the statute at issue in the case, the Sarbanes-Oxley Act of 2002. In 2023, the Supreme Court temporarily blocked efforts to severely curb access to the pill, mifepristone, as an appeal moved forward. A series of Supreme Court decisions say that making race the predominant factor in drawing voting districts violates the Constitution. The difference matters because the Supreme Court has said that only racial gerrymandering may be challenged in federal court under the Constitution.
Persons: Donald J, Trump, Anderson, Sotomayor Jackson Kagan, Roberts Kavanaugh Barrett Gorsuch Alito Thomas, Salmon, , , Mr, Nixon, Richard M, privilege.But, Fitzgerald, Vance, John G, Roberts, Fischer, Ruth Bader Ginsburg, Clarence Thomas, Samuel A, Alito Jr, Alito, , Moyle, Wade, Roe, Johnson, Robinson, Moody, Paxton, Robins, Media Murthy, Sullivan, Murthy, Biden, Harrington, Sackler, Alexander, Jan, Raimondo, ” Paul D, Clement, Dodd, Frank, Homer, Cargill Organizations: Harvard, Stanford, University of Texas, Trump, Liberal, Sotomayor Jackson Kagan Conservative, Colorado, Former, Trump v . United, United, Sarbanes, Oxley, U.S, Capitol, Drug Administration, Alliance, Hippocratic, Jackson, Health, Supreme, Labor, New York, Homeless, Miami Herald, Media, Biden, National Rifle Association, Rifle Association of America, New York State, Purdue Pharma, . South Carolina State Conference of, Federal, Loper Bright Enterprises, . Department of Commerce, Chevron, Natural Resources Defense, , SCOTUSPoll, Consumer Financial, Community Financial Services Association of America, Securities, Exchange Commission, Exchange, Occupational Safety, Commission, Lucia v . Securities, Federal Trade Commission, Internal Revenue Service, Environmental Protection Agency, Social Security Administration, National Labor Relations Board, Air Pollution Ohio, Environmental, Guns Garland, Alcohol, Tobacco, Firearms, Explosives, National Firearms, Gun Control Locations: Colorado, Trump v . United States, United States, Nixon, Florida, Gulf of Mexico, Dobbs v, Idaho, Roe, Texas, States, New, New York, Grants, Oregon, . California, Martin v, Boise, Boise , Idaho, Missouri, Parkland, Fla, Murthy v . Missouri, . Missouri, ., South Carolina, Alabama, SCOTUSPoll, Lucia v, Western
Russia's electronic warfare has repeatedly foiled American precision weapons in Ukraine. Those could include different weapons, specific countermeasures, and the targeting of enemy jamming systems. Any fixes developed to effectively counter the challenge posed by electronic warfare won't just benefit Ukraine. Electronic warfare is a broad term that includes a variety of inexpensive options. Felicia JagdattEfforts to adapt precision weapons to the threat is just one facet of a multi-layered solution, Withington said.
Persons: , Antonio Aguto, They'll, Mark Cancian, Denis Abramov, Thomas Withington, That's, JDAMs, Withington, Daniel Patt, Harry S, Cancian, it's, Doug Bush, that's, Bush, Felicia Jagdatt Organizations: Service, Systems, Attack Munitions, Security, Marine, Center for Strategic, International Studies, Business, DoD, Russian Defense Ministry, Royal United Services Institute, Getty, Hudson Institute, Truman, US, Intelligence, US Air Force, Army, US Army Locations: Ukraine, Moscow, Russian, Russia, China, Withington, Bliss, Texas
Israel has already gone into Rafah, but Biden characterized their current level of involvement as short of his red line. I’m old enough to remember when Democrats impeached another President for supposedly withholding foreign aid that had been approved by Congress. The Government Accountability Office, a nonpartisan watchdog, formally concluded that the Trump administration broke the law in withholding congressionally approved aid to Ukraine. Biden relied on a bipartisan coalition to pass a $95 billion foreign aid package for Ukraine, Israel, and Taiwan. That said, while Biden will need bipartisan support to keep the government funded in September, he likely will not ask for more Ukraine aid anytime soon
Persons: , Joe Biden, Sen, Tom Cotton, Trump, it's, Biden, Benjamin Netanyahu, Cotton, Trump's, Joe, Li, e ach the, ena, tod, lea, Tim, Joh Organizations: Service, Arkansas Republican, Democrats, Business, Hamas, Congress, Israel, kr, unm, acc Locations: Israel, Arkansas, Ukraine, Rafah, Gaza's, goa, pau
Read previewThe performance of hedge fund manager Harris Kupperman's Praetorian Capital Fund is proof that being pessimistic can pay off — even when the economy grows and stocks rise. ​​Since launching at the start of 2019, Kupperman's fund is up an astounding 891.1% net of fees through March 31. AdvertisementBesides budget headaches, the hedge fund manager is wary of escalating political tensions at home and abroad. How to build a crisis-resistant portfolioThe hedge fund manager's blueprint for game plan scoring gains in a shaky backdrop with persistent inflation centers around commodities. A-Mark has consistently generated mid-single-digit earnings per share in recent years, though the hedge fund manager said that could easily rise to $10 as interest in precious metals rises.
Persons: , Harris Kupperman's, , Kupperman, Washington, He's, there's, Precious Metals, Mark Organizations: Service, Capital Fund, Business Locations: cryptocurrencies, East, Ukraine, China
In her series, “The Darkest Shade,” George reviews the darkest shade in a brand’s lineup to see if it could match her complexion. The darkest Youthforia shade, she claimed, was lighter than what was advertised online and didn’t match her skin tone. In March, the beauty brand added 10 new shades to its “Date Night” collection, many for darker complexions. “Which side of my face is the black face paint or the Youthforia foundation?” she asked in a Tiktok video posted April 30. Last week, Youthforia replied to a comment about the brand’s darkest shade by resharing the video from March.
Persons: Youthforia, Golloria George, TikTok, ” George, Fiona Co Chan, Mark Cuban, George, Chan, , , , ” Karen Chambers, Rhianna’s, influencers, ” Chambers, IMAN Cosmetics, Posner, Chambers, you’ve, we’re, We’ve, It’s Organizations: CNN, Hourglass Locations: Texas,
So, when Youthforia launched 10 new makeup shades in March, George gave the new darkest option — shade 600 — a chance. Widespread beauty backlashFollowing George's video, beauty fans and creators across the internet have criticized Youthforia and its attempt to make its foundation range more inclusive. George posted another TikTok video on Wednesday, which she captioned: "It's biologically impossible to be PURE black. Shade 600 seems to have no undertone, but it looks like they had more of a red undertone. Specifically, Rihanna's Fenty Beauty changed the game with its massive foundation range — it now boasts 51 shades — and the foundation from Halsey's brand About Face has become a new favorite.
Persons: , Golloria George, influencer, Fiona, Chan, George, Youthforia, Mark Cuban, Jackie Aina, Javon Ford, George's, didn't Organizations: Service, Business Locations: The California
CVS Health on Wednesday reported first-quarter revenue and adjusted earnings that missed expectations and slashed its full-year profit outlook, citing higher medical costs that are dogging the U.S. insurance industry. The drugstore chain expects 2024 adjusted earnings of at least $7 per share, down from a previous guidance of at least $8.30 per share. The company said its new outlook assumes that higher medical costs in its insurance business during the first quarter will persist throughout the year. Medicare Advantage, a privately run health insurance plan contracted by Medicare, has long been a key source of growth and profits for the insurance industry. Excluding certain items, such as amortization of intangible assets and capital losses, adjusted earnings per share were $1.31 for the quarter.
Persons: LSEG, Karen Lynch, Caremark, Tyson Foods, CVS's Caremark, Cuban's Organizations: CVS Health, CVS, Aetna, UnitedHealth, Medicare, LSEG, Blue, Amazon Pharmacy, Oak Street Health Locations: California
Kasa Living has made a habit of raising funds at some of the hardest times for the hospitality and proptech industries. Kasa Living CEO and founder Roman Pedan points to the shares of Marriott and Hilton, which are up over the last five years, as an indication of what Kasa could be. Kasa Living is now working with some investment firms to help locate and buy buildings that Kasa Living will operate, a model known as OpCo/PropCo. Instead of having to hire someone to handle bookings and finances for each property, Kasa Living handles it all centrally, "removing that fixed cost." Some financial information has been redacted from the deck by Kasa Living.
Persons: Roman Pedan, Kasa, Pedan, Pendan Organizations: Marriott, Hilton, KKR, Sonder, TPG, Amazon Web, Citi Ventures, FirstMark, New York Life Ventures, Fireside Investments, RET, Zigg, Ribbit, EBay, Kasa Locations: Brookfield
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