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This is the eighth lawsuit against Combs since November – the seventh directly accusing him of sexual assault. Another lawsuit accused his son Christian Combs of sexual assault, and Sean Combs is accused of aiding and abetting. Lampros claims that Combs raped her after she “pleaded with Mr. Combs to stop.” “She was nude, sore, and confused” the next morning, according to the lawsuit. According to Lampros, she was also not allowed to talk about her relationship with Combs to anyone, the lawsuit claims. Mr. Combs would also threaten to blacklist her in the industry if she tried to mess with him in any way,” the suit said.
Persons: Sean “ Diddy ” Combs, Lampros, Combs, , ” Lampros, Cassie Ventura, Christian Combs, Sean Combs, , “ Ms, Lampros “, she’s, Lampros ’, Tyrone Blackburn, Rodney Jones, Grace O’Marcaigh, Crystal McKinney, drugging, Aaron Dyer, “ Mr Organizations: CNN, New York’s Fashion Institute of Technology, Bad Boy Records, Arista Records, Sony Music Entertainment, Diddy’s, Records, Lampros, Department of Homeland Security Locations: New York, New York City, Manhattan
America has a new favorite brand: Nvidia, the computer chip company that's helping power an artificial intelligence revolution. The result is a measurement "of the reputations of companies most on the minds of Americans," Axios wrote on Wednesday. Both Nvidia and second-place 3M — a multi-industry conglomerate based in Maplewood, Minnesota — were the only two companies on the list to score an "excellent" reputation. Other consumer brands from last year's top five — Costco, Trader Joe's and Chick-fil-A — rank 11th, 13th and 21st, respectively. 3 on last year's list, didn't qualify as one of the country's most-visible companies this year.
Persons: Axios Harris, Axios, Harris, Jensen Huang, Huang, Joe's, John Deere Organizations: Nvidia, Fidelity, Sony Adidas, Honda Motor Company Patagonia Apple Samsung, Google, Forbes, Maplewood , Minnesota —, Costco, Trump Organization, Spirit Airlines, Meta, Fox Corporation Locations: America, Maplewood , Minnesota, Patagonia
Cramer's Lightning Round: Sigma Lithium is 'too dicey'
  + stars: | 2024-05-23 | by ( Julie Coleman | )   time to read: +1 min
Stock Chart Icon Stock chart icon Arista Networks' year-to-date stock performance. Stock Chart Icon Stock chart icon Sigma Lithium's year-to-date stock performance. Stock Chart Icon Stock chart icon Trump Media & Technology Group's year-to-date stock performance. Stock Chart Icon Stock chart icon Eli Lilly's year-to-date stock performance. Stock Chart Icon Stock chart icon Sony Group's year-to-date stock performance.
Persons: Jayshree, Eli Lilly's, Eli Lilly, it's, Jim Cramer's Organizations: Arista Networks, Arista, Sigma, Trump Media & Technology, Sony
With that in mind, we searched for the best Memorial Day TV deals to help simplify your shopping. Some of the best deals include $300 off the Hisense U6HF, one of our picks for the best 50-inch TVs, and $2,400 off the 83-inch Samsung S90C. You can also find more of this season's sales in our roundups of the best Memorial Day sales and the best Memorial Day furniture sales. 50- and 55-inch TV Memorial Day dealsHisense 50-inch U6HF QLED 4K Fire TV $299.99 $499.99 Save 40% This 50-inch display has Amazon's Fire TV platform built-in for easy access to tons of streaming apps. Shop at AmazonCheck out more of our highlights of the best Memorial Day sales on TVs, furniture, kitchen appliances, and more.
Persons: It's Organizations: Business, Samsung, Amazon, LG, Amazon Sony
For the first time, Sonos is set to launch a pair of wireless headphones. AdvertisementSonos Ace price and preorder detailsThe Sonos Ace are set to launch on June 5. SonosThe Sonos Ace are now available to preorder for $449 from Sonos' online store and Best Buy. Sonos Ace Headphones The Sonos Ace are the brand's first pair of wireless headphones. SonosThe Sonos Ace are packed with all the core features that we've come to expect from a pair of flagship wireless headphones.
Persons: Bose, Ray, Sonos, 1000XM5, Apple AirPods Max, soundbars, we've Organizations: Business, Bose, Sony, Apple, Dolby, Amazon, Sony WH
Read previewOpenAI's biggest critics have long held the view that Sam Altman's success has been built on an "ask forgiveness, not permission" strategy that could come back to haunt him. The ChatGPT maker has been embroiled in fresh controversy since Monday after Scarlett Johansson lashed out at the company over a new voice feature for its chatbot. her — Sam Altman (@sama) May 13, 2024OpenAI has responded to the criticism by pulling the Sky voice entirely. AdvertisementThough Johansson and Pichai have not filed lawsuits against OpenAI, the "ask forgiveness, not permission" strategy that critics accuse the company of has already landed it in legal hot water. Creators who suspect their work has been used to train OpenAI without their permission will probably wonder why they weren't offered an agreement in the first place.
Persons: , Sam Altman's, Scarlett Johansson, Mr Altman, Johansson, ChatGPT, Altman, Theodore, Joaquin Phoenix, Sam Altman, OpenAI, Sundar Pichai, Pichai Organizations: Service, Business, NPR, OpenAI, YouTube, Authors, New York Times, Sony Music, Financial Times, Creators Locations: San Francisco
Sony Pictures Entertainment and Apollo Global Management have taken a significant step forward in their effort to court Paramount, three people familiar with the matter said on Friday. Paramount previously shared materials with another suitor, the Hollywood studio Skydance. Early this month, Sony and Apollo sent Paramount a nonbinding expression of interest in acquiring the company for $26 billion. But Sony’s shareholders have fretted over the possible acquisition, given the potential cost of a bid for Paramount and the headwinds facing the subscription streaming business. Sony and Apollo are now contemplating a variety of approaches to acquire the company’s assets, but are backing away from their plan to make an all-cash, $26 billion offer for Paramount, two of the people said.
Organizations: Sony Pictures Entertainment, Apollo Global Management, Paramount, Hollywood, Sony, Apollo, CBS, MTV
British computing startup Raspberry Pi on Wednesday said it plans to list in London, in a rare win for the U.K. stock market. Raspberry Pi, which makes tiny single-board computers, is considering an initial public offering on the main market of the London Stock Exchange. The IPO is a win for the London stock market, which has been struggling to attract high-growth tech companies. A slew of major U.K. tech firms have chosen New York over London for their listings over the last year. Upton established Raspberry Pi in 2012 to make computing more accessible to young people, gaining traction among hobbyists and teachers in the early days.
Persons: Ocado, Eben Upton . Raspberry Pi, Upton, Raspberry Organizations: London Stock Exchange, Nasdaq, Sunday Telegraph, Sky News, Raspberry Pi Foundation, Sony, amortization Locations: London, New York, British
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Meme craze coolsShares of GameStop and AMC rose on Tuesday, extending Monday's gains after "Roaring Kitty" made a reappearance. Shares, however, gave up some of their earlier gains, suggesting enthusiasm for the so-called meme stocks was fading. Powell: Inflation falling slowlyFederal Reserve Chair Jerome Powell said inflation was not slowing as quickly as anticipated, requiring the central bank to maintain its current interest rates for longer.
Persons: Jerome Powell, Powell, Australia's, CNBC's Yun Li Organizations: Google Gemini, CNBC, Nasdaq, Dow Jones, Treasury, GameStop, AMC, Biden, Sony, China's CSI, AMC Entertainment Locations: Brussels, Belgium, China, Amsterdam, Asia, Pacific, Hong Kong, South Korea
Amazon’s Prime Video has ordered a spin-off of the classic, called “Pop Culture Jeopardy!,” which marks the first-time “Jeopardy!” has created a version exclusively for a major streaming service. The categories will draw from pop culture, including music, sports, Broadway — and even just Zendaya. A premiere date wasn’t announced, but episodes will stream exclusively on Prime Video, which has about more than 200 million global subscribers. “Pop Culture Jeopardy!” isn’t the first spin-off of the quiz show to go streaming: A short-lived “Sports Jeopardy!” was released about a decade ago for Sony’s streaming service Crackle. To help offset that, ads were introduced this year to all Prime Video viewers.
Persons: , , Michael Davies, wasn’t Organizations: New, New York CNN, Amazon, Broadway Locations: New York, It’s
In today's big story, everyone's talking — literally — about the big update for OpenAI's ChatGPT that could make your job a lot easier . AdvertisementOpenAI may have finally cracked the code on voice interactions with AI, though. OpenAI says GPT-4o's average response to audio inputs is 320 milliseconds, which is on par with a typical human-to-human conversation. "They've essentially made text input almost be the barbaric form of communicating with ChatGPT (or any AI) now," the developer said. ChatGPT, Tyler Le/BIOpenAI's big reveal shows the shockwaves the startup keeps sending through the tech world.
Persons: , Here's, ChatGPT Holger Scheibe, Tyler Le, OpenAI, Alex Bitter, They've, ChatGPT, Katie Notopoulos, Siri, it's, Apple that's, Andrew Burton, Justin Sullivan, Rebecca Zisser, Tim Cook's, Tesla, Mark Zuckerberg, he's, Nathan Congleton, Melinda, Gates, French Gates, she'd, Melinda Gates, Bill Gates, Doug McMillon, It's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Teen, Business, HAL, Hollywood, Apple, Apple's Worldwide, Conference, GPT, Google, Microsoft, Washington, Getty, Tesla, Melinda Gates Foundation, University of Arkansas, Depot, Sony, Disney, Cannes Locations: NBCU, New York, London
The company also narrowly missed its forecast for unit sales of its flagship PlayStation 5 gaming console for the full year. Here's how Sony did in the March quarter versus LSEG consensus estimates:Revenue: 3.5 trillion yen ($22.4 billion) versus 2.89 trillion yen expected. Operating profit: 229.4 billion yen versus 236.81 billion yen expected. Sony's operating profit for the full year, though, came in at 1.2 trillion yen, down 7% year-over-year. That's slightly lower than the revised 21 million unit target that Sony gave investors in February.
Organizations: Sony, PlayStation
Schneider told Denberg that he should have been the one to have that conversation. "I feel like that is the first time he preyed on me," Denberg told Business Insider. "Nobody thinks it is their responsibility" to protect the people working at Nickelodeon, Denberg said. According to Denberg, Schneider would refuse to write her jokes for the segment until the last minute, forcing her to perform live without rehearsing. Denberg said she cheered up Bynes, then told Schneider that he couldn't change "the little girl's lines on the spot."
Persons: Lori Beth Denberg, Dan Schneider, Nickelodeon's, Denberg, Schneider, Drake, Josh, Jenny Kilgen, Lori Beth, it's, she's, Albie Hecht, Brian Robbins, Amanda Bynes, costars, Jeff Kravitz, Farah Alvin, Denberg's, It's, Robbins, Angelique Bates, Bates, Bynes, Dan, gaunt, Alvin, Amanda, Gioncarlo Valentine, Schneider hadn't, Schneider's, Hecht, SpongeBob, Kate Taylor, Mimi Meyer Organizations: Business, Nickelodeon, Schneider, BI, Robbins Productions, Nickelodeon's, Nickelodeon Entertainment, New York Times, Paramount, Paramount Global, Maxine Productions, Sony Pictures Locations: Orlando, Los Angeles, York
Sony rethinking its bid for Paramount, sources tell CNBC
  + stars: | 2024-05-14 | by ( )   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSony rethinking its bid for Paramount, sources tell CNBCCNBC's David Faber joins 'Power Lunch' to discuss reports that Sony is rethinking it's bid for Paramount.
Persons: CNBC CNBC's David Faber Organizations: Sony, Paramount, CNBC
Check out the companies making headlines in midday trading: Meme stocks — Meme stocks roared for a second day with GameStop surging more than 65% and AMC popping over 70%. AMC's Tuesday rally came even after the movie theater said it completed a $250 million stock sale during Monday's wild trading. Sony — U.S.-listed shares jumped 5.3% after quarterly revenue came in at 3.5 trillion yen, topping the consensus expectation of 2.89 trillion yen from analysts polled by LSEG. On Holding — The shoe maker jumped 16% after first-quarter earnings came in well ahead of analysts' expectations. Boston Beer Company — Shares added 1% after the beer brewer was upgraded by Jefferies to buy from hold.
Persons: United, Newell Brands, Roth, , Yun Li, Michelle Fox, Samantha Subin, Hakyung Kim, Brian Evans Organizations: GameStop, AMC, Sony —, LSEG, Vodafone — U.S, United Airlines —, Barclays, Boston Beer, Jefferies, JPMorgan Locations: Europe
OpenAI co-founder Ilya Sutskever said Tuesday that he's leaving the Microsoft -backed startup. The departure comes months after OpenAI went through a leadership crisis involving co-founder and CEO Sam Altman. In November, OpenAI's board said in a statement that Altman had not been "consistently candid in his communications with the board." OpenAI has announced new board members, including former Salesforce co-CEO Bret Taylor and former Treasury Secretary Larry Summers. In 2015, Altman and Tesla CEO Elon Musk, another OpenAI co-founder, wanted Sutskever, then a research scientist at Google , to become the budding startup's top scientist, according to the lawsuit Musk filed against OpenAI in March.
Persons: Sam Altman, Ilya Sutskever, OpenAI, he's, Sutskever, OpenAI's, Altman, Helen Toner, Tasha McCauley, Adam D'Angelo, Ilya, Jakub Pachocki, Bret Taylor, Larry Summers, WilmerHale, Sue Desmond, Hellmann, Melinda Gates, Nicole Seligman, Fidji Simo, Greg, Sam, Greg Brockman, Mira Murati, Murati, Elon Musk, Musk, Dr Organizations: Tel Aviv University, Microsoft, Street, OpenAI's, Sony, Sony Entertainment, Tesla, Google, OpenAI Locations: Tel Aviv, OpenAI
Check out the companies making the biggest moves in premarket trading: Meme stocks -- GameStop soared 120%, adding to the 74.4% it gained Monday , after the man who fueled the 2021 GameStop frenzy "Roaring Kitty" posted online for the first time in about three years. Shares of AMC popped 106%, while Reddit and Robinhood added 4% and nearly 6%, respectively. Alibaba -- U.S.-listed shares shed nearly 5% after the Chinese e-commerce giant reported an 86% drop in profits for its fiscal fourth quarter . However, Alibaba beat revenue expectations, coming in at 221.9 billion Chinese yuan ($30.7 billion) versus the LSEG consensus estimate of 219.66 billion yuan. Sony -- U.S.-listed shares added 3% after the PlayStation maker reported quarterly revenue of 3.5 trillion yen, topping the 2.89 trillion yen, per LSEG.
Persons: Kitty, Robinhood, FactSet, , Jesse Pound, Alex Harring Organizations: GameStop, AMC, Home, LSEG, Revenue, Sony, PlayStation, Vodafone, Walmart, Wall Street Journal, United Airlines, Novo Nordisk
One of those programs is iFi Ai, an investment information firm powered by IBM's Watsonx. IFi AI takes in a wide range of market signals and data to make projections about where individual stocks will go next. One of the outputs from the iFi AI model is a 30-day projected price return. The iFi AI model sees a gain of 23%. The iFi AI model is not the only entity bullish on Schwab.
Persons: Ai, IBM's Watsonx, Ron Insana, Warren Buffett's Berkshire Hathaway, iFi, Piper Sandler, Matthew Clark, Charles Schwab, Schwab Organizations: CNBC, Paramount Global, Paramount, Sony, Skydance Media, Western Alliance
All three major U.S. stock indexes closed higher for the week, led by the Dow Jones Industrial Average . The Nasdaq Composite added 1.14% while the S & P 500 advanced 1.85% in a relatively quiet week of economic updates. Within the portfolio, Disney and Wynn Resorts released quarterly numbers; we took issue with the stock reaction to both reports. It also raises the stakes around major economic releases, such as next week's consumer inflation report. In the week ahead, earnings season continues — headlined by Walmart on Thursday — and inflation data will dominate the economic calendar.
Persons: We've, Jim Cramer, Dow Jones, we'll, We'll, Stanley Black, Decker, Jack, JACK, Arcutis, Spero,, Armour, Jim Cramer's, Jim, Carlo Allegri Organizations: Dow Jones, Nasdaq, Disney, Wynn Resorts, Procter, Procter & Gamble, Walmart, CPI, PPI, Club, Home Depot, Biotech Corporation, Music Entertainment, Central Puerto S.A, TeraWulf Inc, Paysafe Group Holdings, QuickLogic Corporation, Kopin Corp, Royalty Corp, Agilysys Inc, Crop Solutions Corp, Inovio Biomedical, Intercorp Financial, Lithium, Argentina ) Corp, Sea, Sony Group Corporation, SONY, Holding, HudBay Minerals, Autolus Therapeutics, Game Technology, Nu Holdings, Dragonfly Energy Holdings Corp, Bakkt Holdings, Prestige Consumer Healthcare, SilverCrest Metals, Inc, Mining Corp, Acurx Pharmaceuticals, Cresco Labs, Dole plc, DOLE, Arcos Dorados Holdings, ARCO, Cisco Systems, Grab Holdings, Copa Holdings S.A, Technologies, Iris Energy, KORE Group, Super, Spero Therapeutics, ZTO, Baidu, Deere & Company, NICE, Lightspeed Commerce, Ship Lease, Canada Goose Holdings, Drainage Systems, Consolidated Water Co, Outlook Therapeutics,, Corp, DXC Technology Company, Flowers Foods, Bruker Corporation, WYNN, CNBC, Foods Locations: Procter &, Central, Cayman, Lithium Americas, Argentina, Manhattan, New York City
Learn moreWhether you have yet to buy a Mother's Day gift or just want to shop this weekend, Best Buy has you covered. The retailer is holding another three-day event, so we've gathered the best Best Buy deals the store has to offer this week. Apple is also a prevalent player in this week's Best Buy deals, with the 2nd Gen AirPods down to only $80 and the 2nd Gen Apple Pencil down to $79. Best Buy sale quicklinks Appliances : Get up to 30% off major appliances. Shop at Best BuyThis is just a small taste of this weekend's top Best Buy sale picks.
Persons: we've, AirPods, It's, Dyson, JBL, It’s, Mason Organizations: Business, JBL, 2nd, Apple, Canon, Sony, Fujifilm, iPad, Apple Watch
A Plan to Break up Paramount
  + stars: | 2024-05-09 | by ( Andrew Ross Sorkin | Ravi Mattu | Bernhard Warner | )   time to read: +1 min
Splitting the Paramount empireEver since Sony Pictures Entertainment and Apollo Global Management expressed interest in buying Paramount Global, a big question has loomed over the potential $26 billion deal: What would they do with the company? The answer: Break it up, write The Times’s Ben Mullin and DealBook’s Lauren Hirsch. Sony and Apollo would keep Paramount Pictures. Paramount Pictures would become part of a joint venture controlled by Sony, with Apollo taking a minority stake in the new entity that it could eventually sell to Sony or to another buyer. The venture would also keep Paramount’s library of films and TV shows, as well as the rights to characters like the Teenage Mutant Ninja Turtles.
Persons: Ben Mullin, DealBook’s Lauren Hirsch, Organizations: Sony Pictures Entertainment, Apollo Global Management, Paramount Global, Sony, Apollo, Paramount Pictures, Paramount
Shop at Amazon Shop at Walmart Shop at Best Buy What we like Check mark icon A check mark. Shop at Amazon Shop at Best Buy Shop at Samsung What we like Check mark icon A check mark. Unfortunately, the S95D's matte screen has one notable side effect: it hurts black-level performance in a bright room. In contrast, the elevated black levels caused by the S95D's matte screen are more pronounced and easier to notice. AdvertisementSamsung S95D vs. S95C: Price and availabilityThe S95C currently costs a lot less than the S95D.
Persons: I've, Slim, Steven Cohen, it's Organizations: Business, Samsung, Shop, Walmart Shop, Dolby, Sony, Amazon, Samsung TV
Shari Redstone helped build Paramount Global into a sprawling media empire, but if Sony Pictures Entertainment and private-equity giant Apollo Global Management succeed in acquiring it, they plan to break it all up, according to three people familiar with the matter. Paramount Pictures — home to blockbusters like “The Godfather,” “Top Gun” and the “Mission Impossible” franchise — would be combined with Sony’s existing business. They have not yet outlined this plan to Paramount or its advisers. CBS and Paramount have been controlled by the Redstone family for decades, since the media mogul Sumner Redstone assembled the sprawling conglomerate in a series of audacious deals. His daughter, Shari Redstone, championed a 2019 deal to reunite it through a merger with CBS, and remains Paramount’s controlling shareholder.
Persons: Shari Redstone, SpongeBob, Sumner Redstone Organizations: Paramount, Sony Pictures Entertainment, Apollo Global Management, CBS, MTV, Paramount Pictures, Sony
Hong Kong CNN —Nintendo says it plans to announce the followup to its popular Switch console by March 2025. “We will make an announcement about the successor to Nintendo Switch within this fiscal year,” Shuntaro Furukawa, the company’s president, wrote on X on Tuesday. “It will have been over nine years since we announced the existence of Nintendo Switch back in March 2015.”The announcement will be welcome news to fans who have been salivating for years over the prospect of a potential Switch successor, which Nintendo bosses have remained tight lipped about. The company expects to sell 13.5 million Switch units in the current financial year, according to Reuters, compared to sales of 15.7 million units last year. There’s the Nintendo Switch OLED and its rich, immersive screen; the standard Nintendo Switch with its tried-and-true hybrid design; and the cheaper and smaller Nintendo Switch Lite for those who mainly play on the go.
Persons: , ” Shuntaro Furukawa Organizations: Hong Kong CNN — Nintendo, Nintendo, Reuters, Sony, SONY, Microsoft Locations: Hong Kong
Paramount — Shares popped 2.4% following a report that the owner of Paramount Pictures and CBS Entertainment Group began formal acquisition negotiations with a group led by Sony Pictures Entertainment and Apollo. Morgan Stanley downgraded Victoria's Secret to underweight and cut its price target, citing expectations for negative EPS revisions and a tough second half for specialty retail. EHang Holdings — The autonomous aircraft stock advanced 3.2% on the heels of a bullish initiation of research coverage from Morgan Stanley. United States Steel — Shares of the Pittsburgh-based steelmaker rose more than 2% after Morgan Stanley upgraded it to overweight from equal weight. U.S. Steel shares have room to rise thanks to internal improvements, even if the Nippon Steel buyout deal collapses, Morgan Stanley said in a note.
Persons: Warren Buffett, Li, Tyson, Howard Shultz, Morgan Stanley, Coinbase, Bausch, Johnson, , Sarah Min, Tanaya Macheel, Jesse Pound, Michelle Fox, Samantha Subin Organizations: Berkshire Hathaway, Paramount, Paramount Pictures, CBS Entertainment Group, Sony Pictures Entertainment, Spirit Airlines, Li Auto, StreetAccount, Starbucks, EHang Holdings, United States Steel, . Steel, Nippon Steel, Barclays, UBS Locations: Berkshire, China, Pittsburgh
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