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Tech giant Apple has made headlines this week following its artificial intelligence announcements — but one market watcher is unimpressed. "I do not like Apple," Paul Meeks, co-chief investment officer at Harvest Portfolio Management told CNBC's "Street Signs Asia" on Tuesday — while acknowledging that many people disagree with him. Apple's shares reacted positively to the announcement, surging 7% to close at a record high on Tuesday. Shares in the tech giant are up over 10% year-to-date and 16% in the past 12 months. AAPL YTD mountain Year-to-date shares in Apple Meeks, however, maintains his bearish stance on Apple.
Persons: Paul Meeks, CNBC's, , wearables, Siri, OpenAI's ChatGPT, Apple Meeks, Meeks Organizations: Tech, Apple, Portfolio Management, Wall
Nasdaq hits another record close
  + stars: | 2024-06-14 | by ( )   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNasdaq hits another record closeScott Wren, Wells Fargo Investment Institute senior global market strategist, and Warren Pies, 3Fourteen Research co-founder, joins 'Closing Bell Overtime' to talk the day's record market action.
Persons: Scott Wren, Warren Organizations: Nasdaq, Fargo Investment Institute, 3Fourteen Research Locations: Fargo
APPRENTICE IN WONDERLAND: How Donald Trump and Mark Burnett Took America Through the Looking Glass, by Ramin SetoodehIn 2004, when the entertainment journalist Ramin Setoodeh was 22, Newsweek assigned him to cover a new reality show starring Donald Trump. “The Apprentice” was “a seminal moment in the history of popular culture” precisely because its star became president. Trump’s stint in reality TV has been squeezed many times over for significance. He interviewed Trump six times between May 2021 and November 2023, and talked to numerous people who worked for or appeared on the show. But access — especially when it comes to a 20-year-old reality show built around voluble people who crave attention — can yield only so much.
Persons: Donald Trump, Mark Burnett, Ramin Setoodeh, , Setoodeh, , Trump, What’s Organizations: Newsweek, NBC, Variety, Trump
They both live off her $1,625 monthly Social Security income, according to documents reviewed by BI. He's also 57 and not old enough to receive Social Security, which typically kicks in at 62. And, while over half of older adult households rely on Social Security, the fund could run out by 2030. Hambrick "doesn't care" what she does next because it's difficult to get hired as an older adult. AdvertisementAre you an older adult living paycheck to paycheck or on Social Security?
Persons: , she's, Hambrick, hasn't, He's, ALICEs, — Hambrick, She's, There's Organizations: Service, Business, Social Security, BI, Income, Alliance for Lifetime, Survey, Social, Boeing, Medicaid Locations: Tulsa , Oklahoma
I make a budget for them to spend on Father's Day buying things for their dad. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementEver since my divorce, Father's Day has made me uncomfortable. This story is available exclusively to Business Insider subscribers.
Persons: , Father's, it's Organizations: Father's, Service, Business
By the time intelligence collected on overseas ISIS targets connected the men to the terror group, they had already been vetted by immigration authorities and allowed into the country, officials said. The men remain in federal custody on immigration charges and will eventually be deported following the counterterror investigation into them. US officials and analysts who closely track Islamist terror groups do know that ISIS-K has dramatically ramped up its online propaganda machine. But that’s not necessarily a reliable gauge of the number of actual terrorists who may be trying to enter the United States, US officials argue. Or they could belong to a legacy terror group — like the FARC — that isn’t known for conducting attacks on US soil.
Persons: , “ We’re, , Michael Morell, Christopher Wray, CNN Colin Clarke, ” Clarke, ” Republican Oklahoma Sen, James Lankford, noncitizens, that’s, Clarke, — it’s, ” Said, It’s Organizations: CNN, ISIS, FBI, ICE, Islamic, Crocus, US, Affairs, Foreign Affairs, ” Republican Oklahoma, Jordanian, US Marines Locations: Tajikistan, Central Asia, Afghanistan, Europe, Moscow, United States, al Qaeda, Syria, North America, Central, Uzbekistan, Kazakhstan, Quantico
High up in the hills of Barcelona, brain science start-up Neuroelectrics is developing therapies that it says will improve the lives of people living with brain disease. Its main product is a headcap, which monitors the brain's electrical activity and stimulates regions of the brain with mild electrical currents. Co-founder and CEO Ana Maiques believes it will significantly improve the lives of people suffering with epilepsy. In addition to epilepsy, Maiques and her team are optimistic that the headgear can also be used to treat depression and Alzheimer's. So, when you have epilepsy, you have an electrical discharge in one area of your brain, so they can really target and help them," said Roser Sanchez-Todo, R&D director for Neuroelectrics' brain modelling department.
Persons: Ana Maiques, Maiques, Roser Sanchez, Neuroelectrics Organizations: CNBC Tech, U.S . Food, Drug Administration Locations: Barcelona
The three-day in-office hybrid work schedule is a "win-win-win," according to a study published in the prestigious science journal Nature. Non-manager attrition for hybrid employees had a 2.4% rate, a one-third reduction from the control group of 7.2%. When managers measured employees in nine categories of performance, execution and results, hybrid employees succeeded at the same rate. By the end of the experiment, managers positively viewed hybrid work as a potential asset to the company rather than a detriment to productivity. From an economic policymaking standpoint, hybrid work is one of the few instances where there aren't major trade-offs with clear winners and clear losers.
Persons: Nick Bloom, Bloom, Ruobing Han, James Liang,, JPMorgan Chase, Jamie Dimon, Mark Zuckerberg Organizations: Stanford's Institute for Economic, Boeing, UPS, Nike, JPMorgan, University of Pittsburgh Locations: Shanghai, U.S
It began, seemingly, with a few innocuous social media posts comparing Mike Faist, co-star of the titillating tennis throuple film “Challengers,” to a dormouse. No, he’s Stuart Little, if Stuart Little was hot. “How ‘hot rodent’ men became Hollywood’s sexiest heartthrobs: Gen Z fans are going wild for actors with unusual features including Barry Keoghan, Kieran Culkin and Jeremy Allen White,” read the headline. How do these men — heartthrobs of the moment, even — feel about being categorized as “hot rodents”? “It was clearly not meant as an insult and even though some people would take it as an insult, I mostly felt it was a way of saying that I was cute.”While by no means exhaustive, these responses suggest men feel mostly fine with the “hot rodent” trend.
Persons: Mike Faist, , he’s Despereaux, he’s Stuart Little, Stuart Little, Lucy Ford, Faist’s, Josh O’Connor, Barry Keoghan, Timothée Chalamet, Jeremy Allen White, Glen Powell, Kieran Culkin, , Powell, Jimmy Fallon, , ” stewart, dooney, “ She’s, Gustav Organizations: CNN, Daily Mail, New York Times, Guardian, London Times, NBC Locations: capybaras
Wall Street is wondering whether the tech rally that's pushed the S & P 500 through record after record this year can continue, even as some cracks emerge in the market outlook. .SPX YTD mountain S & P 500 near record highs A peek inside the major indexes also reveals a similar pattern. Information technology is the best-performing sector in the S & P 500 this week, gaining 6.2%. As it is, the S & P 500 is already above 5,400, having advanced more than 13% this year. Winners and losers market David Miller, investment chief at Catalyst Funds, also said the S & P 500 could end 2024 with a 17% or 18% gain.
Persons: Jeff Klingelhofer, it's, Klingelhofer, Brian Nick, Nick, Dave Sekera, Dave Donabedian, Donabedian, David Miller, Miller Organizations: Nasdaq, Nvidia, Dow Jones, Apple, Thornburg Investment Management, CNBC, Macro, Federal Reserve, Morningstar, CIBC Private Wealth, Catalyst Funds, Microsoft, Google, Visa, MasterCard, American Airlines, Delta Air Lines, Novo Nordisk, TransDigm, Index, Retail, Manufacturing, Housing, Philadelphia Fed, Kroger, Darden, PMI Locations: U.S, NAHB
On Wednesday morning, Anne Pasternak, the director of the Brooklyn Museum, awoke to find that the front of her co-op building had been defaced with red paint and accusations — attacks inscribed on a large banner — calling her “a white supremacist Zionist.” Trustees and the museum’s president also found their morning colored by similar angry disparagements in front of their own apartments. These apparently coordinated attacks came nearly two weeks after 34 people were arrested at a pro-Palestine rally in front of the museum. Protesters, who assaulted security staff and damaged artwork displayed in the plaza outside, were calling for Israeli divestment from a museum facing budget cuts and lumbering along with an endowment smaller than, say, Harvard’s by a factor of 407. Seven months ago, the museum was criticized not for a sympathetic view toward Israel but instead for antisemitic leanings. The turmoil in which so many universities and cultural institutions were now engulfed was playing out at the museum as whiplash.
Persons: Anne Pasternak, Chuck Schumer, , Organizations: Brooklyn Museum, , Palestine, Protesters Locations: Israel, Palestine
Trump's out to charm Gen Z, and that demographic might already be souring on BidenFreshly convicted of 34 charges of falsifying business records, the presumptive Republican presidential nominee seems to have a new campaign strategy — appealing to younger Gen Z voters. Appealing to Gen Z could work for Trump, especially if one accounts for the "Trump amnesia" effect among Gen Zers. Now aged between 12 and 27 — some Gen Zers may have been too young during his presidency to be politically in tune with Trump-era policies. And Gen Zers who vocally backed Biden during his 2020 run may also be souring on him in 2024. Representatives of Trump, Paul, and Biden didn't immediately respond to a request for comment from Business Insider sent outside regular business hours.
Persons: , Logan Paul, Donald Trump, Trump, Paul, Mike Majlak, Putin, Elon Musk, MAGA Organizations: Service, Tesla, Business, Trump Locations: Russian
Trump is now 78 years old. “Just remember what I’m telling you: 78 is not old,” Trump asserted to a New York Post gossip columnist almost two years ago. “This is a degraded version of an already horrible person,” Emhoff said in reference to Trump’s Vegas speech. The Biden campaign called Trump “feeble” on social media when the former president ended a post-meeting news conference after five minutes without taking questions. But the observations about Trump’s age and mental state are not just coming from inside the Biden campaign.
Persons: Donald Trump, , , ” Trump, Ivanna, Joe Biden, Biden, , J.B, Pritzker, deferments, They’re, Trump, , Nikki Haley, Nancy Pelosi, Barack Obama, Haley, Ron DeSantis, Trump “, ” DeSantis, can’t, I’m, pounced, Doug Emhoff, ” Emhoff, Taylor Swift, Pelosi’s, Steven Cheung, Biden “, ” Cheung, Alyssa Farah Griffin, ” Griffin, Trump’s, Jonathan Turley, ” Turley, ” CNN’s Edward, Isaac Dovere, Ariel Edwards, Levy, Kristen Holmes, Annie Grayer, Melanie Zanona, Lauren Fox, Kit Maher Organizations: CNN, Las, New, New York Post, Trump, White, , Wisconsin Democratic, South Carolina Gov, Republican, GOP, Florida Gov, Congressional Republicans, Wisconsin Republicans, Biden, House, George Washington University Law School Locations: New York, ” Illinois, Wisconsin, Vietnam, Florida, Washington, Milwaukee
Kushner started Affinity in 2021, shortly after leaving his advisory role in the White House alongside his wife, Ivanka Trump. Neumann, who was ultimately ousted from WeWork by top SoftBank execs, introduced Kushner to Unybrands early the following year. Affinity's investment in Unybrands, which hasn't previously been reported, was one of the private equity firm's earliest deals. Following a continued slide, the company laid off roughly 10% of its staff in November 2022, according to people familiar with the matter. The House Oversight Committee launched an investigation into the investment in 2022, looking into whether Kushner's financial interests influenced Trump's foreign policy.
Persons: Jared Kushner, Alex Brandon, Kushner, Weeks, Ivanka Trump, Trump, Saudi Crown Prince Mohammed bin Salman, Jamal Khashoggi, WeWork, Adam Neumann, Neumann, Unybrands, hasn't, , Catterton, Jason Somerville, Somerville, it's, didn't, headcount, Donald Trump, Gary Cohn, Crown Prince, Mohammed bin Salman, Jonathan Ernst, Crown Prince Mohammed bin Salman, Carolyn Maloney, Ron Wyden, Kushner didn't, Ulrich Kratz, Goldman Sachs, Kratz, Kushner's, Ian Brekke, Asad Naqvi, Bret Pearlman, Roger McNamee, Max Fink, Neumann's, Brekke, Naqvi, Pearlman, Fink, Shahar Azran, Eugen Miropolski, Robyn Laguette, Mark Goldfinger, Joe Biden, Lex, Jeff Bezos, Sam Altman, Ye, I've Organizations: U.S . Capitol, Capitol, Reuters, Affinity Partners, Companies, White House, Affinity, Saudi Crown, Unybrands, WeWork, CNBC, Amazon, BlackRock, Khosla Ventures, GW Partners, Saudi Arabia's Public Investment Fund, United Arab, Saudi Arabia's, Crown, Ritz Carlton Hotel, Saudi, Republicans, Crayhill Capital Management, Barclays, Goldman, Kushner, Investments II, Blackstone, Partners, Financial Services, CNBC it's, Israeli American Council, IAC, Getty, Kanye Locations: Washington, Amazon's, South Florida, Miami, Silicon Valley, Saudi, Saudi Arabia, Unybrands, United Arab Emirates, Qatar, Riyadh, Yemen, American, Austin , Texas, Gulf, Israel
Her mother always called out “I love you, baby,” before leaving for work; there was only silence. The cooked shrimp and macaroni and cheese for the feast her mother had planned for co-workers was in the kitchen. And in the bedroom, the would-be hostess, Erica Robertson, 29, was dead on the floor, a knife protruding from her chest, a single glove by her side. Nearly 20 years ago I wrote an About New York column about the murders of two young women. Both had moved to the city from Columbus, Ohio, and both had been stabbed to death in their apartments.
Persons: Brittany Robertson, Erica Robertson, Catherine Woods, Robertson, Robinson Locations: New York, Columbus , Ohio, East Harlem
CNN —The USA achieved a historic milestone after advancing to the next stage of the men’s T20 Cricket World Cup after its game against Ireland on Friday was abandoned due to a wet outfield, according to the International Cricket Council. It was a momentous point for USA, which saw its qualification for the Super 8 stage of the tournament confirmed, a remarkable achievement given the team is appearing in its first ever T20 World Cup. One of the co-hosts for the T20 World Cup, the USA opened up its campaign with a convincing victory over Canada and finishes its Group A stage on five points. The four teams in those two groups will play one another in a round-robin format, with the top two advancing to the semifinal stage. The Super 8 stage begins on June 19, with all 12 games in the second round of the T20 World Cup being played across four Caribbean islands in Antigua, Barbados, St. Lucia and St. Vincent.
Persons: St, Vincent Organizations: CNN, USA, Ireland, International Cricket Council, Pakistan, Canada Locations: Lauderhill , Florida, India, USA, Pakistan, Antigua, Barbados, St, Lucia
Nearly an hour later, the iPhone maker announced a much-rumored partnership with OpenAI to bring its ChatGPT technology to devices later this year. “I think Apple will take a pragmatic approach to the OpenAI partnership,” Wood said. Apple said it will not share any personal user information with OpenAI, so inquiries made through ChatGPT won’t be linked to an Apple user’s account. So it came as no surprise when some industry watchers, including Elon Musk, were quick to react to Apple’s partnership with OpenAI. “When users do query ChatGPT, Apple will track the prompts and gather metrics to improve its own models,” he said.
Persons: Sam Altman, Steve Wozniak, OpenAI, Altman, Tim Cook, , Ben Wood, “ Apple, Siri, Apple, ” Wood, Jeff Chiu, It’s, ” Cook, it’ll, Wood, Reece Hayden, Elon Musk, Musk, ” Musk, Annette Zimmermann, ” Andrew Cornwall, Forrester, Organizations: CNN, Apple, Insight, Apple Intelligence, Nvidia, Microsoft, ChatGPT, ABI Research, Industry, OpenAI, SpaceX, Gartner Locations: China, Washington, Cupertino , Calif
We've put together everything you need to know about how to watch USA vs. Ireland. How to watch USA vs. Ireland in the USThe USA vs. Ireland game will live stream on Friday at 10:30 a.m. View at FuboHow to watch USA vs. Ireland in the UKThe USA vs. Ireland game, along with the rest of the tournament, will be shown on Sky Sports in the UK. How to watch USA vs. Ireland in AustraliaThe USA vs. Ireland game will be available through Prime Video in Australia. How to watch USA vs. Ireland in IndiaThe USA vs. Ireland game will live stream free through the Disney+ Hotstar mobile app in India.
Persons: We've, they've, Sling's Desi, Fubo, ExpressVPN Organizations: Business, Ireland, ICC, USA, US, team, Canada, Pakistan, American, Willow, Sky Sports, Sky's, Disney Locations: United States, Florida, USA, India, Ireland, Canada, Sri Lanka, Pakistan, Australia
That's how it worked out for Matthew Parkhurst, co-founder and CEO of New York-based tech startup Antimetal. The company was ready to emerge from its beta phase, and Parkhurst wanted to make potential clients aware that Antimetal even existed. Antimetal spent roughly $15,000 on pizzas, packaging and targeted delivery to potential clients, venture capital firms and even tech influencers with large social media followings. It worked: Roughly 75 of the companies that received pizza have become Antimetal clients, Parkhurst says — creating a bump of more than $1 million in annualized net revenue, according to documents reviewed by CNBC Make It. "Obviously, the ROI [return on investment] is insane on the revenue side, compared to what we spent," Parkhurst says.
Persons: Matthew Parkhurst, Parkhurst, Antimetal Organizations: San, CNBC Locations: New York, San Francisco
How Groundbreaking Is Vivian Maier’s Photography?
  + stars: | 2024-06-13 | by ( Arthur Lubow | )   time to read: +1 min
Vivian Maier was a disappearance artist. He has dedicated himself to promoting her legacy, and co-directed an Oscar-nominated documentary film, “Finding Vivian Maier” (2014). “Vivian Maier: Unseen Work,” at Fotografiska until Sept. 29, is the first New York museum show devoted to Maier and one of the largest exhibitions ever mounted of her photographs. Organized by Anne Morin, director of diChroma Photography, it was first seen in a different iteration at the Musée du Luxembourg in Paris in 2021. Thematically arranged and attractively installed, with more than 200 works (including color photos taken with a Leica, Super 8 films and audio recordings), it offers an unusual opportunity to assess Maier’s achievement.
Persons: Vivian Maier, Maier, Diane Arbus, Richard Avedon, Bill Brandt, John Maloof, Oscar, Vivian Maier ”, “ Vivian Maier, Anne Morin, attractively Organizations: Chicago, New, du, Leica Locations: Fotografiska, New York, du Luxembourg, Paris
Shares of Tesla popped in premarket trading, after Elon Musk said shareholders are set to approve his controversial $56 billion pay package and a resolution to move the electric car maker's incorporation to Texas. Tesla shareholders have been voting on two resolutions and can have their say up to the company's annual meeting on Thursday. The first measure under consideration is whether to green light a $56 billion pay package that shareholders originally approved in 2018, before being voided by a Delaware judge in January. Musk now said that both of these resolutions are currently passing by "wide margins," without disclosing specifics or his sourcing. Critics of the pay deal argue that Musk is distracted by his other endeavors, and that the package, the largest in U.S. corporate history, is excessive.
Persons: Elon Musk, Tesla, Musk Organizations: SpaceX, X Holdings Corp, Milken Institute's Global, Beverly Hilton Hotel, CNBC, Twitter Locations: Beverly Hills , California, Texas, Delaware
Disney is once again donating to politicians — just months after ending its feud with Ron DeSantis. The Florida theme park is even donating to Republicans who voted for the state's so-called "Don't Say Gay" bill. AdvertisementSince ending its feud with Florida Gov. Ron DeSantis, Disney has wasted no time donating to Republicans again. That's an about-face for the House of Mouse, which had paused political donations as it brawled with DeSantis.
Persons: , Ron DeSantis Organizations: Disney, Service, Florida Gov, Walt Disney Co, Republican, Orlando Sentinel Locations: Florida
We all know, or perhaps have been, that colleague who vents to their co-workers about how stressed they are. People who brag about their stress levels at work are seen as 'less competent and less warm' by their peers, researchers found. This is because they can seem out-of-touch with their colleagues, says Jennifer Gunsaullus, a sociologist and relationship expert. "It feels self-absorbed," Gunsaullus says. That's not someone who feels likable or warm, somebody we want to be spending more time with."
Persons: Jennifer Gunsaullus, Gunsaullus Organizations: University of Georgia
Netflix co-founder Marc Randolph's greatest source of pride isn't helping to launch the streaming giant. In the post, which Randolph also published on LinkedIn last year, he wrote that the boundary helped him put work in perspective. "The thing I'm most proud of in my life is not the companies I started," wrote Randolph, who currently sits on a variety of company boards, including Solo Brands. Randolph's family-prioritizing goal may have helped him succeed professionally, too: Setting boundaries between your work and personal life can prevent burnout, experts say. Even Randolph hasn't been immune to breaking his own rule, he wrote in a post on Substack in February.
Persons: Marc Randolph's, Randolph, Randolph hasn't Organizations: Netflix, LinkedIn, Solo Brands Locations: Substack
Silicon Valley prides itself on disruption: Start-ups develop new technologies, upend existing markets and overtake incumbents. OpenAI, founded as a nonprofit and counterweight to Google’s dominance, has raised $13 billion from Microsoft. Anthropic, a start-up founded by OpenAI engineers who grew wary of Microsoft’s influence, has raised $4 billion from Amazon and $2 billion from Google. Last week, the news broke that the Federal Trade Commission was investigating Microsoft’s dealings with Inflection AI, a start-up founded by DeepMind engineers who used to work for Google. start-ups and Big Tech give the start-ups the enormous sums of cash and hard-to-source chips they want.
Persons: OpenAI, DeepMind, Organizations: Google, Microsoft, Amazon, Federal Trade Commission, A.I, Big Tech
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