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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Branch Global's Greg Branch, American Century’s Rich Weiss and Hightower’s Stephanie LinkBranch Global's Greg Branch, American Century's Rich Weiss, and Hightower's Stephanie Link join 'Closing Bell' to discuss markets, the Fed, and their market sentiment.
Persons: Branch, Greg Branch, Rich Weiss, Hightower’s Stephanie, Stephanie Link
Two of Hunter Biden’s former romantic partners — his ex-wife and an ex-girlfriend — provided vivid, at times gut-wrenching, testimony on Wednesday about the depths of his drug addiction, grief and unsustainable spending in 2018, when he claimed to be drug-free on a federal firearms form. In his effort to prove that Mr. Biden lied about his drug use, the special counsel in the case, David C. Weiss, called Mr. Biden’s former wife, Kathleen Buhle, who remains locked in a yearslong fight with him over alimony payments after a 24-year marriage that ended in 2017. The prosecutors have set out to use testimony from at least three women to establish that Mr. Biden was a chronic drug abuser when he applied for a handgun in 2018. Almost all the events at issue in the trial happened in 2018, when Joseph R. Biden Jr. was out of office. Ms. Buhle’s testimony laid bare the painful personal toll of Mr. Biden’s addiction.
Persons: Hunter Biden’s, , Biden, David C, Weiss, Biden’s, Kathleen Buhle, Joseph R,
forward — rose in a Delaware courtroom to declare that the Justice Department’s sweeping immunity deal with Hunter Biden was not nearly as sweeping as the defense believed. His transfer coincided with efforts by congressional Republicans to portray Mr. Weiss — a Trump appointee held over by President Biden’s aides — as offering “a sweetheart deal” to the Bidens. In early 2023, he published a memoir covering the police trial, describing himself as “the prosecutor who took down Baltimore’s most crooked cops.”Mr. But he was passed over because it was believed he might clash with prosecutors in the U.S. attorney’s office in Washington, they said. Ms. Monaco eventually chose another prosecutor from Maryland, Thomas P. Windom, to run the team.
Persons: — bespectacled, Department’s, Hunter Biden, Leo J, Wise, , . Wise, Biden, Biden’s, David C, Weiss, Mr . Wise, , , Catherine Pugh, ” Mr, Philip Morris, Kathryn Ruemmler, Barack Obama’s, Lisa O, Donald J, Monaco, Thomas P, Windom Organizations: Trump, Baltimore U.S, Harvard Law, Navy Reserve, Justice Department, Enron, Capitol, Monaco Locations: Delaware, Baltimore, Los Angeles, U.S, Wilmington, Washington, Maryland
Hunter Biden, son of U.S. President Joe Biden, arrives at the federal court on the opening day of his trial on criminal gun charges in Wilmington, Delaware, U.S., June 3, 2024. Top House Republicans on Wednesday sent criminal referrals to the Justice Department recommending President Joe Biden's son Hunter Biden and brother James Biden be charged with making false statements to Congress. In his prepared opening statement at the deposition, Hunter Biden pushed back at the basis of the committee's impeachment inquiry. NBC News has reached out to the Justice Department and a representative of James Biden for comment. Hunter Biden and his attorney were in court in Wilmington and could not immediately be reached.
Persons: Hunter Biden, Joe Biden, James Comer, Jim Jordan, Jason Smith, Hunter, James Biden, Donald Trump, General Merrick Garland, David Weiss, Weiss, Joe Biden's, Robert K, Hur, Mike Johnson, Biden, he'd, Hunter Biden's, Tony Bobulinski, Abbe Lowell Organizations: Committee, Top, Republicans, Wednesday, Justice Department, Rep, GOP, NBC Locations: Wilmington , Delaware, U.S, Ohio, New York, Delaware, Washington ,, Wilmington
13 protesters were arrested after barricading themselves in the office of Stanford's president. 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 . AdvertisementThirteen pro-Palestine protesters were arrested at Stanford University Wednesday after they barricaded themselves inside the school president's office building. This story is available exclusively to Business Insider subscribers.
Persons: barricading, Stanford, Organizations: Service, Stanford University Wednesday, The New York Times, Business Locations: Palestine, Gaza
How AI could supercharge the Vision Pro
  + stars: | 2024-06-04 | by ( Samantha Murphy Kelly | ) edition.cnn.com   time to read: +9 min
It could also boost sales of the pricey Vision Pro, which has reportedly and unexpectedly received a production cut. During its most recent earnings call, CEO Tim Cook said more than half of the Fortune 100 companies have already bought an Apple Vision Pro. But while it’s unclear when generative AI will come to the Vision Pro, Nygugen said: “It’s only a matter of time.”That’s because the Vision Pro is merely just another interface – much like a tablet, laptop, or watch, that touches Apple’s ecosystem. The Vision Pro, the tech giant's $3,499 headset, is its first major release since the Apple Watch nine years ago. “Vision Pro just came out a few months ago and it needs to get its feet under it before it really starts to take off,” Llamas said.
Persons: it’s, Tim Cook, It’s, Siri, , Tuong, , Nygugen, ” Nygugen, Angela Weiss, Ming Chi, Kuo, Jeremy Bailenson, Bailenson, Ramon Llamas, Apple, ChatGPT – Organizations: CNN, Developers, Google, Samsung, Vision, Fortune, Apple Vision, Gartner, Apple, Apple Watch, Getty, Vision Pro, Stanford, VR, IDC, Microsoft, Locations: Cupertino , California, New York City
IKEA is launching a game inside Roblox — and paying some players an hourly wage to work there. Ten players will get about $17 per hour to serve up virtual meatballs and more. IKEA is looking for employees to staff a virtual store inside the popular gaming platform Roblox. The Swedish furnishings giant is launching a game called The Co-Worker — and 10 people will actually get paid to play, the company said. They'll get IKEA's hourly wage in London of £13.15 — roughly $17 — to serve up virtual versions of the retailer's famed meatballs inside the game or redesign its showroom floors.
Persons: , They'll Organizations: IKEA, Service Locations: London
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 . After a landmark SCOTUS decision let states legalize sports-betting in 2018, the sector has become flush with cash, as countless leagues and team owners have struck deals. FanDuel inked a pact with Major League Baseball (MLB) to become its official betting partner last year, for instance. This story is available exclusively to Business Insider subscribers.
Persons: , SCOTUS, FanDuel Organizations: MLB, NBA, ESPN, Service, Major League Baseball, DraftKing, Business
A Mississippi restaurant pleaded guilty to misbranding its fish. It mislabeled species, and advertised imported fish as local. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. AdvertisementAn iconic Mississippi restaurant pled guilty to misbranding the species of seafood on its menu, according to the Justice Department, and passing off imported fish as locally caught.
Persons: , Mary Mahoney's Organizations: FDA, Service, Justice Department, US, Office, Southern District of, Business Locations: Mississippi, Biloxi, Southern District, Southern District of Mississippi
The first day of testimony in Hunter Biden’s trial on gun-related charges kicked off Tuesday with the surreal sound of the defendant’s own voice ringing through the courtroom, narrating his descent into drug addiction, when prosecutors played the audiobook of his memoir. It ended with bitter written words: expletive-laced, panicked texts to Hallie Biden, his brother’s widow and his onetime girlfriend, berating her for disposing of a handgun and warning, presciently, that it might set off a federal investigation. The government’s case against President Biden’s son — for all the drama, media swirl and complex political dynamics — is pretty straightforward legally: proving that Mr. Biden was abusing drugs when he filled out a federal firearms application claiming he was not an “unlawful user” of controlled substances. Prosecutors stressed that point in their 15-minute opening argument before a packed courtroom that included Jill Biden, the first lady. Lying on a federal gun application is illegal and “nobody is allowed to lie, not even Hunter Biden,” said Derek Hines, a top deputy to the special counsel, David C. Weiss.
Persons: Hunter Biden’s, Hallie Biden, Biden’s, , Biden, Jill Biden, Hunter Biden, , Derek Hines, David C, Weiss Organizations: Prosecutors
Cannon is planning on holding a sprawling hearing on Trump’s request to declare Jack Smith’s appointment as special counsel invalid, signaling she could be more willing than any other trial judge to veto the special prosecutor’s authority. Wednesday, Cannon went further, adding a hearing on a gag order request from prosecutors to limit Trump’s rhetoric about law enforcement and allotting more time to hear arguments on the special counsel issue. Cannon’s signal of willingness to entertain challenges to the special counsel comes in the same week Republicans are bearing down on Attorney General Merrick Garland for his use of special counsels. A third group says the Department of Justice’s use of a special counsel should be upheld. Cannon still agreed to the hearing Trump wanted.
Persons: Aileen Cannon, Donald Trump’s, Cannon, Jack Smith’s, It’s, , Trump, Evan Corcoran, Hunter, didn’t, Paul Manafort’s, Robert Mueller’s, Andrew Miller, Roger Stone, General Merrick Garland, David Weiss, Hunter Biden, – Cannon, ” Bradley Moss, Edwin Meese, Michael Mukasey, Meese, Mukasey, Organizations: CNN, FBI, Trump, Southern District of, Justice Department, Republican Locations: Los Angeles and Delaware, Southern District, Southern District of Florida, Delaware, Washington ,
CNN —Five people have died and thousands were evacuated in southern Germany after heavy rainfall hit the region and caused vast floods, prompting warnings from senior officials that the climate crisis was set to worsen extreme weather in the country. After heavy rainfall, the German Armed Forces has sent 800 personnel to the region to help with rescue efforts. Record floods occur every few years … record rainfall every few years,” Habeck, of the Greens Party, told broadcaster n-tv. Deadly floods hit Western Europe in 2021, with at least 220 people killed between July 12 and 15, mostly in Germany. Other areas of Europe have also been affected by heavy rainfall in recent days.
Persons: Juergen Weiss, Thomas Niedermueller, Armin Weigel, Olaf Scholz, ” Scholz, Robert Habeck, ” Habeck, HINA, CNN’s Barbie Nadeau, Louis Mian Organizations: CNN, Bavarian firefighters, Authorities, German Armed Forces, Bavarian, Environmental Office, Economy, Greens Party, Firefighters, Sunday, RTV SLO Locations: Germany, Bavaria, Baden, Wuerttemberg, Regensburg, Rudersberg, Bavarian, Passau, Europe, Udine, Northeastern Italy, Slovenia, Gornja Radgona, Austrian, Zagorje county
MLB player Tucupita Marcano has been banned for gambling on his own team's games. Marcano bet on 25 Pittsburgh Pirates games he didn't play in. AdvertisementIn yet another spots-betting scandal, San Diego Padres player Tucupita Marcano has been permanently banned for gambling on hundreds of games — including his own team's. Major League Baseball (MLB) cited Rule 21 stating players can't bet on games where they have "a duty to perform," but noted Marcano didn't actually play in any of the games. Four other players also received one-year suspensions for gambling, MLB announced Tuesday.
Persons: Tucupita Marcano, Marcano, , didn't Organizations: Pittsburgh Pirates, Service, San Diego Padres, Major League Baseball, MLB, Business
As the government deepens its argument against Hunter Biden, prosecutors are expected to start calling his former partners to the stand on Wednesday, inviting them to air sordid details of his life and the depths of his addiction to crack cocaine. On Tuesday, prosecutors presented texts that showed Hunter Biden’s desperate scramble to obtain crack cocaine in the spring and summer of 2018. A day later, in his cross-examination, Mr. Lowell was able to get an F.B.I. agent to admit that none of the material covered his activity in the fall. The two divorced in 2017 after nearly a quarter-century of marriage and have three daughters.
Persons: Hunter Biden, Biden’s, Abbe Lowell, Hunter Biden’s, Lowell, Biden, David C, Weiss, Kathleen Buhle
Four days after presumptive GOP nominee Donald Trump was convicted on 34 counts in his hush money trial in New York, President Joe Biden’s son Hunter will be called to answer for federal gun charges in Wilmington, Delaware. But a CBS/YouGov poll released Sunday showed that Americans believe 57% to 43% that the Manhattan jury reached the right verdict. His inflammatory remarks did not reflect the fact that his refusal to accept his 2020 election loss and his demagoguery are far more reflective of developing-world banana republics than a fair jury trial. Hunter Biden is entitled to the same presumption of innocence and a trial by a jury of his peers that Trump was. “I’d rather be on President Biden’s side of that contrast than on the extreme MAGA Republican side,” he said.
Persons: Donald Trump, Joe Biden’s, Hunter, It’s, Trump, Stormy Daniels, Biden, , , “ It’s, We’ve, Lara Trump, CNN’s Kasie, it’s, Adam Schiff, ” Schiff, don’t, ” Biden, Robert Menendez, Hunter Biden, David Weiss, General Merrick Garland, Roe, Wade, Chuck Schumer, “ Donald Trump, ” Schumer, Hakeem Jeffries, ” Jeffries, Jeffries, Biden’s, , Joe Biden, Sen, Tom Cotton, we’ve, quagmire Organizations: CNN, Israel, Republicans, Trump, Republican National Committee, CBS, Manhattan, Republican National Convention, Fox News, RNC, California, Senate, GOP, Justice Department, Democratic, Robert Menendez of New, Democratic National Committee, Texas Supreme, Court, New York, MAGA Republicans, New York Democrat, Press, Democrats, Republican, NBC, Arkansas Republican Locations: New York, Wilmington , Delaware, South, “ State, America, United States, Robert Menendez of, Robert Menendez of New Jersey, Rehoboth Beach , Delaware, Beverly Hills , California, Nevada
Paramount and Skydance have agreed to terms on a merger, according to multiple reports. The deal is valued at $8 billion, according to CNBC, but has yet to be signed by Shari Redstone. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAfter weeks of negotiations, a Paramount and Skydance merger is happening, according to reports in CNBC and Deadline. The deal has yet to be signed by Shari Redstone, who owns a controlling stake in Paramount, but will be formally unveiled in days, according to CNBC.
Persons: Skydance, Shari Redstone, David Ellison, , Larry Ellison — Organizations: Paramount, CNBC, Service, RedBird Capital Partners, KKR, Business
X is formally giving adult content the green light — with a few stipulations. But the content must be consensual, and must be labeled, X said. Elon Musk's X is formally giving X-rated content the green light, allowing adult images and video — with a few rules. Users can share nudity and sexual content — including AI-generated pornography — "provided it's properly labeled and not prominently displayed," the company's policy says. Content must be made and posted consensually and cannot be shared to "highly visible places" like profile photos or banners, X said.
Persons: , Elon Musk's Organizations: Service, Business
In fact, for him at least, one is not about the other; Seinfeld openly disdains politics. Like Seinfeld, Carolla imagines parts of the 20th century as a better time. Women got more jobs and power (despite, Carolla writes, being “better at home with the kids than in the workplace”) and men became metrosexuals. The masculinity they defend is adamantly heterosexual, threatened not just by women but also by gay men and gender non-confirming people. In fact, the call for a return to 1950s-style masculinity has found a number of high-profile political supporters in recent years.
Persons: Nicole Hemmer, Carolyn T, Robert M, , Who, Jerry Seinfeld, ” Nicole Hemmer, Bari Weiss, Seinfeld, , Adam Carolla, , Carolla, Said Will, ” Bill Maher, aren’t, they’ve, Sen, Josh Hawley, Weiss, Maher, — can’t Organizations: Rogers Center, American, Vanderbilt University, “ Partisans, Conservative, CNN, The Free Press, Missouri Republican Locations: United States, , Missouri
Read previewFormer President Donald Trump's conviction yesterday on falsifying business records hasn't dissuaded high-profile supporters on Wall Street — some of whom are newly energized by the historic verdict. "Bluntly, that's part of why I'm supporting him," Maguire, a partner at Sequoia Capital, wrote on X about a potential conviction. AdvertisementTech investor David Sacks, who was reportedly in talks to hold a Trump campaign fundraiser at his San Francisco home, denounced the guilty verdict on X. "A sham trial designed for one purpose: to brand Donald Trump as a 'felon,'" Sacks wrote yesterday on X. AdvertisementIt wasn't only prominent business leaders on Wall Street circling their wagons.
Persons: , Donald Trump's, hasn't, Shaun Maguire, Maguire, David Sacks, Donald Trump, Sacks, Omeed Malik, Farvahar Partners —, Malik, Trump, haven't, Bill Ackman, Ron DeSantis, DeSantis, didn't, Elon Musk, Musk Organizations: Service, Trump, Republican, Business, Sequoia Capital, Tech, San, Farvahar Partners, CNBC, National Republican, Pershing, Wall Street Journal, he's Locations: White
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewJerry Seinfeld doesn't care that "Unfrosted," his directorial debut, got terrible reviews. I think it's funny that you hated it because you wanted to laugh and you didn't laugh." "Unfrosted" follows a handful of successful recent movies about the creation of popular products, including "Steve Jobs," "The Social Network," and "Tetris." Even though it failed to make waves, Netflix didn't lose as much money on "Unfrosted" as it could have.
Persons: , Jerry Seinfeld, Bob Cabana, Melissa McCarthy, Hugh Grant, James Marsden, Bari Weiss, Seinfeld, he's, Steve Jobs, Mattel, Netflix didn't, would've, Glen Powell, Tom Cruise Organizations: Service, Rotten, Business, Social Network, Netflix Locations: California
The "Apprentice" producer Bill Pruitt said Donald Trump used the N-word on set. Pruitt wrote in Slate that the moment was captured on a tape that would likely never surface. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA producer on "The Apprentice" said Donald Trump used the N-word in a moment caught on tape that would likely never see the light of day. In an article he wrote for Slate, Bill Pruitt said he was one of four producers on the show's first two seasons.
Persons: Bill Pruitt, Donald Trump, Pruitt, Trump, Organizations: Service, Slate, Business Locations: Slate
OpenAI said it disrupted five covert influence operations in the last three months. Groups in China, Russia, Iran, and Israel used its products, OpenAI said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementChina, Iran, Russia, and others are using OpenAI tools for covert influence operations, according to the company. This story is available exclusively to Business Insider subscribers.
Persons: OpenAI, , it's Organizations: Service, Business Locations: China, Russia, Iran, Israel
Even a sharp sell-off in Salesforce stock Thursday — down as much as 21% intraday — isn't keeping some analysts on Wall Street from sticking with their optimistic outlooks on the maker of customer relationship management software. Salesforce executives tied the disappointing results to elongated deal cycles throughout the first quarter that hit the company's booking schedule. Weiss reiterated an overweight rating on Salesforce, albeit with a $320 per share price target, down from $350. Goldman Sachs analyst Kash Rangan reiterated a buy rating on Salesforce stock, but lowered his price target to $315 per share from $345. The analyst reiterated an overweight rating on the stock with a $300 per share price target, or about 10% upside from yesterday's close.
Persons: Goldman Sachs, Morgan Stanley, JPMorgan Chase, Keith Weiss, Weiss, Kash Rangan, Rangan, Mark Murphy, Tyler Radke, Radke Organizations: Wall, JPMorgan, Citigroup Locations: Salesforce, CY25
"The Apprentice" producer Bill Pruitt says Donald Trump used the n-word. Pruitt wrote in Slate that the moment was captured on tape, but will likely never surface. AdvertisementA producer on "The Apprentice" said Donald Trump used the n-word in a moment caught on tape that will likely never see the light of day. In an op-ed for Slate, Bill Pruitt writes that he was one of four producers on the show's first two seasons. Pruitt writes that off-camera deliberations about contestant firings were filmed in case the show was ever questioned by the Federal Communications Commission (FCC), which disallows fixing outcomes on game shows.
Persons: Bill Pruitt, Donald Trump, Pruitt, Trump, Organizations: Service, Slate, Federal Communications Commission, Business Locations: Slate
North Korea floated hundreds of balloons filled with garbage and feces across the border south. North Korea had vowed retaliation after South Korean activists sent anti-Pyongyang leaflets. AdvertisementNorth Korea floated balloons carrying garbage and feces into South Korea last week, officials in Seoul said. The obnoxious floating orbs were an apparent retaliation against South Korean activists who'd previously flown anti-Pyongyang leaflets and USB drives containing K-pop music over the border. Days before the balloons landed in South Korea, a North Korean official vowed retaliation via "paper and filth," The Wall Street Journal reported.
Persons: , who'd Organizations: South, NBC, Service, North Korean, Street Journal, Business Locations: Korea, North Korea, Pyongyang, South Korea, Seoul
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