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☆ Texas is coming for Wall Street with a new BlackRock-backed stock exchange
▼ + stars: | 2024-06-05 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +3 min

New York CNN —Texas’ famous longhorns are coming for Wall Street’s bulls. A new national stock exchange, based in Dallas, and backed by Wall Street heavyweights like BlackRock and Citadel, is looking to take on the world-famous New York Stock Exchange and Nasdaq. The newly formed TXSE Group announced its plans to file for registration with the US Securities and Exchange Commission later this year. “We’re thrilled to bring to fruition the long-held vision for a national stock exchange in Texas,” TXSE Group founder and CEO James Lee said in a statement on Wednesday. The problem with going publicAmerica has lost half its public companies since the 1990s.

Persons: Wall, “ We’re, James Lee, Lee, Wells, ”, Jamie Dimon, JPMorgan Chase, “, “ TXSE’s, TXSE Organizations: New, New York CNN — Texas ’, longhorns, Wall Street, BlackRock, Citadel, New York Stock Exchange, Nasdaq, TXSE Group, US Securities and Exchange Commission, SEC, TXSE, Wall Street Journal, Center for Research, “ Companies, JPMorgan Locations: New York, Dallas, Texas, “ Texas, America, Wells Fargo, ”, New York City, Philadelphia, Miami, United States

☆ Golden Age for Rich Renters: Deals Make It Better Than Buying a Home
▼ + stars: | 2024-06-05 | by ( James Rodriguez | ) www.businessinsider.com time to read: +10 min

The result is that class A units account for more than half the apartment market, compared with one-third in the early 2000s, according to Moody's Analytics. High-end apartments that offer amenities up the wazoo — and rent breaks, to boot — represent a tantalizing alternative to the for-sale market right now. But as with all good things, the golden age for America's wealthy renters must also come to an end. Nations told me she still hoped to buy a home one day. "I know how challenging it is to rent in Nashville, especially on your own," Nations told me.

Persons: Emily Nations, she's, Nicole Bachaud, Rich, Joel Sanders, Sanders, Doug Ressler, David Brasington, Ressler, they're, — Organizations: Trinity, cabana, Nations, Analytics, University of Cincinnati, Census Locations: Nashville, downtown, Nations, New York, Salt Lake City, Atlanta, America, Houston, Austin, Phoenix, Charlotte, North Carolina, Raleigh , North Carolina, Tampa , Florida

☆ Nvidia surpasses Apple to become the second-largest public company in the US
▼ + stars: | 2024-06-05 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +2 min

New York CNN —Nvidia, Wall Street’s favorite artificial intelligence darling, is continuing to swell to staggering heights. Nvidia is now the third company in the US, behind Apple and Microsoft, to cross that $3 trillion mark. Shares of the Santa Clara-based chipmaker rose 5.2% to about $1,224.4 a share, while Apple shares ended the session up 0.8% at $196. Earlier this week, Jensen Huang, CEO of Nvidia, said that the company would roll out its most advanced AI chip platform, called Rubin, in 2026. Nvidia announced a 10-for-1 stock split last month, making buying shares in the red-hot semiconductor company more accessible for individual investors.

Persons: Wall, nudging, Apple’s, Jensen Huang, Rubin, Blackwell, ”, Angelo Zino Organizations: New, New York CNN, Nvidia, Apple, Microsoft, Tech, CFRA Research Locations: New York, Santa Clara

☆ YOLO is dying. That could be bad news for the economy
▼ + stars: | 2024-06-04 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

New York CNN —YOLO economy, meet the “yo, no” economy. In what was dubbed the YOLO economy (short for “you only live once”), or revenge spending, consumers shelled out for the experiences and goods they had missed. And that may be bad news for the economy. “We are monitoring the issue and engaging with market participants,” a spokesperson for the Securities and Exchange Commission told CNN. Joe Saluzzi, co-founder of Themis Trading, told CNN that the NYSE’s explanation is hard to square with the bizarre trades that hit the tape.

Persons: “ Covid, doesn’t, ” Sameer Samana, “, There’s, ”, that’s, Taylor Swift, It’s, Dow, Jerome Powell, Berkshire Hathaway, Warren Buffett, Joe Saluzzi, Themis Trading, I’m, Saluzzi, ” Read, Matt Egan, Keith Gill —, ” —, Read, Anna Cooban Organizations: CNN Business, Bell, New York CNN, Wells, Investment Institute, Walmart, Target, Employers, TSA, Federal Reserve, New York Stock Exchange, The New York Stock Exchange, ” Intercontinental Exchange, NYSE, ICE, CNN, NYSE Group, Consolidated, CTA, Berkshire Hathaway’s, Berkshire, Securities and Exchange Commission, Themis, GameStop, AMC Entertainment Locations: New York, YOLO, Samana, “, Berkshire

☆ ESPN’s Pat McAfee faces backlash after calling WNBA star Caitlin Clark a ‘White b*tch’
▼ + stars: | 2024-06-03 | by ( Hadas Gold | ) edition.cnn.com time to read: +4 min

CNN —ESPN host Pat McAfee is facing backlash after he called WNBA star Caitlin Clark a “White b*tch” during a rant on his show Monday while praising her accomplishments in the women’s basketball league. There is one White b*tch for the Indiana team who is a superstar.”McAfee went on to describe how Clark “carried” Iowa’s basketball program and shattered NCAA scoring records. But instead we have to hear people say we only like her because she’s White, and she’s only popular because the rest of the rookie class is doing what they’re doing. ET on X, formerly known as Twitter: “I shouldn’t have used ‘white b*tch’ as a descriptor of Caitlin Clark. “Referring to Caitlin Clark as ‘the white b*tch for Indiana.’ That’s beyond being too comfortable.

Persons: Pat McAfee, Caitlin Clark, McAfee, Clark, she’s, Guess, ” McAfee, Clark “, she’s White, …, Caitlin, ”, Kim Adams, “, Alexa Philippou, Nicole Auerbach, ’, Jemele Hill, Aaron Rodgers, baselessly, Jimmy Kimmel, Jeffrey Epstein, Kimmel, Rodgers, Norby Williamson, Williamson Organizations: CNN, ESPN, McAfee, NFL, WNBA, Indiana, NCAA, Athletic, NBC, Jemele, Indiana Fever, New York Jets, ABC Locations: Indiana

☆ Even high-income Americans are shopping at discount retailers as economic outlook sours
▼ + stars: | 2024-06-03 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

The reason for that is mostly the American consumer, with spending accounting for about 70% of gross domestic product. On Thursday, Bank of America CEO Brian Moynihan said that his customers are slowing down the rate of their purchases. Consumer payments, as measured through credit cards, checks and ATM withdrawals, have grown by 3.5% since last year, he said. I’m being careful, slowing things down,’” Moynihan said, referring to both consumers and businesses, at a financial conference in New York. This survey shows that consumers feel just the opposite — optimistic about their own financial standing but not about the macroeconomic environment.

Persons: Brian Moynihan, ’ ” Moynihan, Bell, Peter Torrente, I’m, Elon Musk’s, Allison Morrow, “, — “, Glass Lewis, Tesla, Musk, Gary Millerchip, Richard Galanti, Read Organizations: CNN Business, Bell, New York CNN, Bank of America, KPMG, Federal Reserve, Elon, Services, Twitter, SpaceX, Costco Locations: New York, Europe, Texas, Delaware

☆ Sofia Vergara says her accent will never allow her to play a scientist or astronaut
▼ + stars: | 2024-06-03 | by ( Amanda Goh | ) www.businessinsider.com time to read: +3 min

Read previewSofia Vergara, 51, says that her accent hinders her ability to play certain roles onscreen. "I did 11 years on 'Modern Family,' but it was almost playing myself in a way," Vergara said. "And when I decide to do something different, it's hard because this accent is beautiful, but it's like, I cannot be a scientist, I cannot be an astronaut." To tackle accent bias, three Stanford students even founded a real-time accent translation startup that can convert people's voices into different accents while speaking. A representative for Vergara did not immediately respond to a request for comment sent outside regular business hours.

Persons: —, Sofia Vergara, Anna Sawai, Naomi Watts, Jennifer Aniston, Nicole Kidman, Jodie Foster, Brie Larson —, Vergara, Foster, Gloria, Penélope Cruz, Salma Hayek, Griselda, Griselda Blanco —, I've, Jessica Spence Organizations: Service, Hollywood, Business, Netflix, The Society, Personality, Stanford, Spanish, El Locations: LA, Colombia

☆ Nicole Brown Simpson wrote in her diary about being 'hit,' 'chased,' and 'bruised' by OJ Simpson, a new docuseries reveals
▼ + stars: | 2024-06-02 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +6 min

OJ Simpson and Nicole Brown Simpson photographed in March 1994, three months before she was murdered. Just a week later, on New Year's Eve, Brown Simpson wrote that she was beaten by her husband again. A diary entry Nicole Brown Simpson wrote about the night her husband was arrested for beating her at their home. Lifetime/Courtesy of the Brown familyPer the documentary, Brown Simpson called the police multiple times to report her husband's abuse. "The Life and Murder of Nicole Brown Simpson" will air on June 1 and 2 at 5 p.m PT/8p.m.

Persons: —, Nicole Brown Simpson, Brown, Brown Simpson, Ronald Goldman, Simpson, OJ Simpson, Vinnie Zuffante, OJ, Teri, Justin, Denise Brown, Brown Simpson's, Denise, Dominique, Tanya Brown, Kris Jenner, Faye Resnick, Simpson's, Marcus Alle, Nicole Organizations: Service, NFL, Business, OJ, Lifetime Locations: Brentwood , California, Bedford, Laguna Beach, Sydney, Hawai'i

☆ Opinion: Trump is now in a club no one ever wants to be part of — convicted former leaders
▼ + stars: | 2024-06-02 | by ( Opinion Chris Good | ) edition.cnn.com time to read: +12 min

The criminal trial and conviction of (mostly former) national leaders has happened in stable, mature democracies, just as it has in former dictatorships. The track record of convicted leaders shows just how risky it is to try to predict what will happen. In 2017, South Korea impeached and later criminally convicted now-former President Park Geun-hye in a bizarre corruption scandal involving the influence of a friend and confidante. After a scandal emerged involving the state oil company Petrobras, Lula was convicted in 2017 of corruption and money laundering. “Political leaders can choose how they will speak about these institutions.”

Persons: Chris Good, Donald Trump, —, Trump, Stormy Daniels, Cristina Fernández de Kirchner, Sebastian Kurz, ” Kurz, Park, “, Nicole Bibbins Sedaca, Nicolas Sarkozy, Bertrand Guay, Bibbins Sedaca, Jacques Chirac, ” Bibbins Sedaca, Sarkozy, Moammar Gaddhafi illicitly, Silvio Berlusconi, Yara Nardi, Berlusconi “, ”, Berlusconi, Matteo Salvini, Giorgia Meloni, Luiz Inacio Lula da Silva, Nelson Almeida, Luiz Inácio Lula da Silva, Lula, Jair Bolsonaro, Oliver Stuenkel, Fundação Getulio Vargas, ” Stuenkel, Politicization, Stuenkel, didn’t, Lula “, Mark Peterson, Ariel Edwards, Levy, Lula —, Chirac, Trump’s Organizations: CNN, ABC News, Economist Intelligence Unit, Freedom House, Getty, Freedom, Reuters, Forza Italia, Five Star, AFP, Brazil, Petrobras, Bolsonaro, School of International Relations, Fundação, NEW, Manhattan Criminal, Trump, Twitter, Facebook Locations: The, Manhattan, Argentina, Austrian, South Korea, Washington, DC, France, Italy, Brazil, Paris, AFP, Moroccan, Milan, Trump, America, São Paulo

☆ OJ Simpson 'stalked' Nicole Brown Simpson in the weeks leading up to her death, friends allege: 'He would be hiding in the bushes'
▼ + stars: | 2024-06-01 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +5 min

Read previewOJ Simpson is alleged to have "stalked" Nicole Brown Simpson, going so far as to stake out the bushes near the home where she was murdered in 1994, close friends of Brown's have said in a new docuseries. "He was realizing that she was becoming happy," Resnick said, adding that Simpson was "stalking, hiding in the bushes." "The Life and Murder of Nicole Brown Simpson," which is scheduled to air on the consecutive nights of June 1 and 2, comes ahead of the 30th anniversary of Brown Simpson's death on June 12. It features interviews with 50 people who knew Brown Simpson well, including her sisters, Denise, Dominique, and Tanya Brown, and close friends such as Kris Jenner. Advertisement"The Life and Murder of Nicole Brown Simpson" will air on June 1 and 2 at 5 p.m PT/8p.m.

Persons: —, OJ Simpson, Nicole Brown Simpson, Brown's, Faye Resnick, Robin Greer, Resnick, Brown, OJ, Simpson, Greer, Brian " Kato, Kaelin, Denise Brown, Joe Biden, Brown Simpson, Denise, Dominique, Tanya Brown, Kris Jenner, Ronald Goldman Organizations: Service, Business, Housewives, Beverly Hills, AP News, Lifetime Locations: South, Brentwood , Los Angeles, Washington

☆ Nicole Brown Simpson's family have shared the story of her life and death in a new docuseries. Here's everything you need to know about her 2 children.
▼ + stars: | 2024-06-01 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +2 min

Read preview"The Life and Murder of Nicole Brown Simpson," Lifetime's new docuseries, lifts a lid on the events leading up to and the aftermath of Nicole Brown Simpson's death. On June 12, 1994, Brown Simpson was killed at her home in Brentwood, California, alongside her friend, Ronald Goldman. Brown Simpson was married to the football star turned actor for seven years between 1985 and 1992. However, the project features interviews with 50 people who knew Brown Simpson well, including her sisters, Denise, Dominique, and Tanya Brown, and close friends, Kris Jenner, Faye Resnick, and Brian "Kato" Kaelin. Here's where Brown Simpson's children are today and what happened to them after their mother's death and father's trial.

Persons: —, Nicole Brown Simpson, Nicole Brown Simpson's, Brown, Brown Simpson, Ronald Goldman, OJ Simpson, Simpson, Marguerite Whitley, Simpson —, Sydney Brooke Simpson, Justin Ryan Simpson, Denise, Dominique, Tanya Brown, Kris Jenner, Faye Resnick, Brian, Kato, Kaelin Organizations: Service, Business, NFL Locations: Brentwood , California, Here's

☆ Opinion: Jerry Seinfeld’s nostalgia for the past has a dark side
▼ + stars: | 2024-06-01 | by ( Opinion Nicole Hemmer | ) edition.cnn.com time to read: +7 min

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

☆ Rare Hermès Birkin Bags Are up for Auction and May Fetch Over $100,000
▼ + stars: | 2024-06-01 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

Read previewIf you're in the market for a Hermès bag that doubles as a doll house, you're in luck — as long as you have $100,000 or so to spare. A new Birkin bag starts at about $10,000 and can cost well into the six figures depending on material, size, and rarity. Since 2022, Hermès bags sold at Christie's auctions have gone for an average of 141% of the lowest estimated price, Christie's said. "Hermès Birkin and Kelly bags, especially the Faubourg bag, for example, are iconic symbols of luxury and status, coveted by collectors worldwide." Courtesy of Christie'sAs the auction demonstrates, luxury handbags — particularly those made by tightly controlled brands like Hermès — are increasingly worthy investments.

Persons: —, Christie's, Birkin —, handmake, Hitha Herzog, Hermès, Faubourg Birkin, Birkin, Nicole Pollard Bayme, Hermès Birkin, Kelly, Chanel, Alexis Clarbour, Louis Vuitton, Yayoi, Dior, Loewe, Roger Vivier Organizations: Service, Business, Rue du Faubourg Saint, Deloitte, Credit Suisse, Madison Avenue Couture Locations: Birkins, Rue, Paris, retails

☆ A relative I'd lost touch with found me online and sent me a gift — the only photos I've ever seen of me and my mom
▼ + stars: | 2024-05-31 | by ( Nicole Johnson | ) www.businessinsider.com time to read: +4 min

Nicole Johnson had never seen the photos her cousin sent her before. Courtesy Nicole JohnsonWe reconnected, and I was reminded of my childhoodWhen we finally caught up, Rosemary told me she had married, which was why I hadn't recognized her last name. The photos Nicole Johnson's cousin sent her are the only photos she has of herself with her mother. Courtesy Nicole JohnsonThe pictures came a week or so after we had talked. AdvertisementNicole Johnson says getting the old family photos felt like receiving a gift.

Persons: Rosemary, I'd, Rosemary's, Nicole Johnson, Nicole Johnson's, Esther, wouldn't, — Organizations: Service, Facebook Locations: California

☆ Why the Dow has fallen 1,000 points in the last three days
▼ + stars: | 2024-05-30 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +2 min

The Dow has fallen more than 1,000 points over the last three days alone — and there’s no sign of the negative momentum letting up. The Dow opened lower by 367 points, or 0.9%, Thursday morning. The S&P 500 was down 0.2% and the Nasdaq Composite dropped 0.2% as lackluster earnings results from Salesforce (CRM) worried investors. That comes after a bad Wednesday where all 11 sectors of the S&P 500 closed lower. This week’s downturn has been fueled by a range of factors, including earnings and stronger-than-expected economic data.

Persons: Dow, Bonds, ”, “, Chris Zaccarelli Organizations: New, New York CNN, Dow, Nasdaq, Nvidia, Treasury, Federal Reserve, Deutsche Bank, Independent Locations: New York

☆ Big oil shareholders could get a lot richer
▼ + stars: | 2024-05-30 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —Big oil just got bigger, and shareholders could soon be getting richer. Dollar Tree will reopen these stores with its own products under its brand beginning in the fall, reports my colleague Nathaniel Meyersohn. Dollar Tree, a national company with mostly suburban locations, primarily offers discretionary merchandise like party supplies and home goods. Dollar Tree also owns Family Dollar, based mostly in cities. Family Dollar has underperformed Dollar Tree and other discount chains in recent years, and it’s closing 975 stores.

Persons: Stewart Glickman, ”, “ it’s, Stewart, Hess, McDonald’s, Joe Erlinger, “, Danielle Wiener, Bronner, they’re, Chris Kempczinski, ” Read, Nathaniel Meyersohn Organizations: CNN Business, Bell, New York CNN, ConocoPhillips, Marathon, Diamondback, Endeavor Energy Partners, “, McDonald’s, America, Mac, ” Locations: New York, multibillion, McDonald’s USA, U.S, Arizona , California , Nevada, Texas, Virginia, West Coast

☆ This signal could be good news for the stock market
▼ + stars: | 2024-05-29 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Some analysts think that means good news for stocks in the second half of the year. While [gross domestic product] and the labor market seem to be slowing, earnings are accelerating,” wrote the Bank of America analysts. That means an improving manufacturing cycle but slowing services can lead to a divergence between market performance and economic performance. “We’ve witnessed records repeatedly break in both stock and housing markets over the past year.”In addition to unrelentingly high home prices, the housing market is also grappling with a chronic lack of homes on the market and elevated mortgage rates. Put together, it has resulted in a tough housing market, especially first-time buyers.

Persons: Dow, PMIs, ”, Brian Luke, “ We’ve, Read, Apple’s Siri, Siri, Samantha Murphy Kelly, Tim Cook, ” Read Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Institute for Supply Management, PMI, Bank of America, Dell, Marvell, Costco, Dow Jones, Developers Conference, Google, Samsung, ” Apple Locations: New York, San Diego , New York, Cleveland, Los Angeles

☆ Harvey Weinstein retrial: New accusers have come forward, prosecutor says
▼ + stars: | 2024-05-29 | by ( Jean Casarez | ) edition.cnn.com time to read: +5 min

NEW YORK CNN —A Manhattan prosecutor said Wednesday a new indictment against Harvey Weinstein is possible as additional accusers have come forward with claims against the powerful Hollywood producer whose downfall became a symbol of the #MeToo movement. That trial similarly used “prior bad acts” witnesses and has also been appealed. In addition, three other women testified at trial as “prior bad acts” witnesses. They argued the “prior bad acts” witnesses should not have been allowed to testify and the court should not have given prosecutors the ability to question Weinstein about instances of verbal abuse and bullying on cross-examination. In sexual assault cases, their testimony can turn a difficult “he said, she said” case into a more convincing “he said, they said” case.

Persons: Harvey Weinstein, Nicole Blumberg, Justice Curtis Farber, “, ”, Weinstein, Blumberg, ” Blumberg, –, ” Weinstein, Arthur Aidala, Miriam “ Mimi ” Haley, Haley, ” Aidala, Farber, CNN Weinstein, Love, Jessica Mann, Mann, Prosecutors, – Dawn Dunning, Tarale Wulff, Lauren Young –, uncharged Organizations: YORK CNN, Hollywood, Manhattan Supreme, ” Prosecutors, New, ”, CNN, Weinstein’s Locations: Manhattan, “, Los Angeles, Hollywood, York, New York

☆ Salesforce shares sink on mixed Q1 results
▼ + stars: | 2024-05-29 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSalesforce shares sink on mixed Q1 resultsNicole Webb, Wealth Enhancement Group SVP, and Charlie Bobrinskoy, Ariel Investments vice chairman, joins 'Closing Bell Overtime' to talk the day's market action and Salesforce earnings.

Persons: Nicole Webb, Charlie Bobrinskoy, Ariel Organizations: Wealth

☆ Opinion | Robert F. Kennedy Jr. Is Worse Than a Spoiler
▼ + stars: | 2024-05-29 | by ( Gail Collins | ) www.nytimes.com time to read: +1 min

Lately, you’ve probably been asking yourself: What does it mean that Nicole Shanahan has been chosen as Robert F. Kennedy Jr.’s running mate? I know, you’ve got a full and busy life. Jr. is, as we all know, running for president as an independent — an effort that will further publicize his anti-vaccination views and perhaps provide a point to his life. Shanahan, a lawyer who has never won elective office, is notable for being really, really rich. She’s a billionaire, thanks to her five-year marriage to Sergey Brin, one of the founders of Google.

Persons: you’ve, Nicole Shanahan, Robert F, Kennedy Jr, Shanahan, R.F.K ., Sergey Brin, Kennedy, Biden Organizations: Google

☆ OpenAI creates oversight team with Sam Altman on board, begins training new model
▼ + stars: | 2024-05-28 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

OpenAI on Tuesday said it created a Safety and Security Committee led by senior executives, after disbanding its previous oversight board in mid-May. The formation of a new oversight team comes after OpenAI dissolved a previous team that was focused on the long-term risks of AI. AI safety has been at the forefront of a larger debate, as the huge models that underpin applications like ChatGPT get more advanced. Bret Taylor, Adam D'Angelo, Nicole Seligman, who are all on OpenAI's board of directors, now sit on the new safety committee alongside Altman. Leike this month wrote that OpenAI's "safety culture and processes have taken a backseat to shiny products."

Persons: Sam Altman, OpenAI, Ilya Sutskever, Jan Leike, AGI, Bret Taylor, Adam D'Angelo, Nicole Seligman, Altman, CNBC's Hayden Field Organizations: Microsoft, Security Locations: Redmond , Washington

☆ After Libertarians reject RFK Jr., what does success look like for third-party candidates?
▼ + stars: | 2024-05-28 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +8 min

But the idea of simply placing Kennedy atop the Libertarian Party ticket to marry his momentum with their organization left Kennedy with an embarrassing loss at the Libertarian Party convention in Washington. About half – 51% – said they would support Trump in a two-way matchup, compared with 37% who said they would pick Biden. The last third-party candidate to win a state and get Electoral Votes was George Wallace, who won Southern states in 1968. The only third-party candidate to outperform a major party candidate was former President Teddy Roosevelt, who outpolled Republicans after he failed to get their nomination in 1912 and then ran as a third-party candidate. But rather than focus on the relatively few people who turn out for a third-party candidate, why not look at the large number of people who don’t take part in elections at all?

Persons: CNN —, Donald Trump, Robert F, Kennedy Jr, Chase Oliver, Kennedy, Trump, Nicole Shanahan, Shanahan, – Kennedy, Biden, CNN’s Harry Enten, –, RFK, Ross Perot, George Wallace, Teddy Roosevelt, Woodrow Wilson, Oliver, Jo Jorgensen, Gary Johnson’s, CNN’s Aaron Pellish, Pellish, Kennedy don’t, Bob Barr, Bill Weld, Gary Johnson, Barr, Weld, Ron Paul, Paul, Jill Stein, Ralph Nader, Al Gore, George W, Karl Rove, Stein, Hillary Clinton, Rove, Libertarian’s Jorgensen, Johnson Organizations: CNN, Republican, Libertarian Party, Trump, Google, Biden, SSRS, Quinnipiac University, RFK Jr, Electoral, Southern, Democrat, Libertarian, Federal Reserve, GOP, Republican Massachusetts gov, Green Party, Street Journal, Democratic, Pew Research Center Locations: Washington, Republican Massachusetts, Florida, Michigan , Pennsylvania, Wisconsin, Arizona , Georgia

☆ OpenAI sets up safety and security committee and starts training 'next frontier model'
▼ + stars: | 2024-05-28 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +1 min

OpenAI has set up a new safety committee to advise the board on critical decisions. Sam Altman's company also said it had begun training a new flagship AI model. The move comes amid scrutiny over OpenAI's commitment to AI safety. AdvertisementOpenAI said it has set up a safety and security committee to make recommendations to the board on "critical safety and security decisions." The company also said it had begun training a new flagship AI model to succeed GPT-4.

Persons: OpenAI, Sam Altman's, —, Bret Taylor, Adam D'Angelo, Nicole Seligman, Sam Altman, GPT Organizations: Service

☆ This is the word of the summer on Wall Street
▼ + stars: | 2024-05-28 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

New York CNN —Bifurcation is the word of the summer. Or it’s the word of the summer among investors, at least. It’s a word that the market gets hung up on and then all you do is hear that word. But I think that’s nearing an end, and so I would expect a slowdown in consumer spending. I’m not so sure that’s going to happen this time because their balance sheets and cash flows aren’t as strong.

Persons: Bell, Scott Wren, I’ve, We’ve, You’ve, you’ve, they’ve, That’s, hasn’t, you’re, I’m, Elon Musk’s, Elon Musk, Anna Cooban, Andreesen Horowitz, Saudi Prince Alwaleed Bin Talal, xAI, Musk, Grok, Laura He, Xi Jinping’s Organizations: CNN Business, Bell, New York CNN, Nvidia, Fed, Elon, Investors, Sequoia Capital, xAI, Worth, China Construction Bank, China Integrated Circuit Industry Investment Fund, National Enterprise Locations: New York, United States, Wells Fargo, Silicon, Saudi, OpenAI, China, ICBC, Beijing

☆ OpenAI announces new safety board after employee revolt
▼ + stars: | 2024-05-28 | by ( Brian Fung | ) edition.cnn.com time to read: +2 min

Washington CNN —OpenAI said Tuesday it has established a new committee to make recommendations to the company’s board about safety and security, weeks after dissolving a team focused on AI safety. In a blog post, OpenAI said the new committee would be led by CEO Sam Altman as well as Bret Taylor, the company’s board chair, and board member Nicole Seligman. The announcement follows the high-profile exit this month of an OpenAI executive focused on safety, Jan Leike. “At the conclusion of the 90 days, the Safety and Security Committee will share their recommendations with the full Board. Following the full Board’s review, OpenAI will publicly share an update on adopted recommendations in a manner that is consistent with safety and security.”

Persons: Washington CNN — OpenAI, OpenAI, Sam Altman, Bret Taylor, Nicole Seligman, Jan Leike, Leike, OpenAI’s, “, Ilya Sutskever, Sutskever, Altman’s, ” Organizations: Washington CNN, CNN, Safety, Security

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