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☆ No Taxes on Tips? A Trump Idea Gains Ground.
▼ + stars: | 2024-07-18 | by ( Andrew Duehren | ) www.nytimes.com time to read: +1 min

In Donald J. Trump’s telling, the idea was born over dinner at his Las Vegas hotel, where the waitress serving his table complained about the burden of paying taxes on her tips. “I was actually surprised to hear it,” Mr. Trump said last month at a rally in Virginia, adding that he quickly decided to address the waitress’s problem with a new campaign pledge: “No taxes on tips!”The proposal has rapidly become more than just a rally talking point. The sudden popularity of exempting tips from taxes is a reminder of the improvisational nature of economic policymaking under Mr. Trump. Several economists involved in advising the Trump campaign said they hadn’t heard of the idea until Mr. Trump announced it publicly. But Republicans now see it as a key way to appeal to working-class Americans during the campaign against President Biden.

Persons: Donald J, ” Mr, Trump, Mike Johnson, Biden Organizations: Republican Party, Republican Locations: Las Vegas, Virginia, Louisiana, Nevada

☆ Live Election Updates: Trump to Close G.O.P. Convention in Full Control of His Party
▼ + stars: | 2024-07-18 | by ( Jim Rutenberg | ) www.nytimes.com time to read: +22 min

For the last eight years, President Trump has given everything he has to fight for the people of our country. And then President Trump flew to Milwaukee and got back to work. A leader who rejects Joe Biden and Kamala Harris’s Green New Scam and fights to bring back our great American factories. President Trump represents America’s last best hope to restore what — if lost — may never be found again. And every single day for the next four years, when I walk into that White House to help President Trump, I will be doing it for you.

Persons: Vance, Trump, Donald Trump, Corey Comperatore, Don, Eric squirmed, I’ve, Joe Biden, Joe, ”, Donald J, Biden, Mamaw, “, We’ve, who’s, Kamala Harris’s, —, I’m, Usha, Ewan who’s, Vivek who’s, America’s, It’ll, Trump’s, Mamaw couldn’t, That’s, Kamala Harris, he’s, Joe Biden’s, ” We’re, “ Honey, it’s, that’s Organizations: Michigan, America, United States Senate, Republican Party of, NAFTA, China, United States Marines, Fi, The Ohio State University, I’m, Ohio State, Yale Law School, Trump, Mirabel, Social Security, Iraq, Washington, Workers, Chinese Communist Party, ISIS, United, Republican Party Locations: Milwaukee, Ohio, America, Pennsylvania, United States of America, Middletown , Ohio, Washington, Mexico, Iraq, Michigan, New York City, American, Afghanistan, Wisconsin, China, U.S.A, Eastern Kentucky, Appalachia, Ohio , Pennsylvania, that’s Kentucky, United States, Kentucky, Michigan , Wisconsin , Pennsylvania

We talked to several experts to help estimate the cost of creating a will and other estate planning documents. Average costsJack Hales, an estate and probate attorney at Hales and Sellers, said the cost of your estate plan can vary widely depending on what you need done. These frequently require notarization, which comes with a small fee, but other than that, they cost nothing but the cost of the paper on which they are written. Small changes using a lawyer may cost you a few hundred dollars, while updating your will through an online platform may only cost you $20. FAQsWhat is the average cost of creating a will?

Persons: Patrick Hicks, Hicks, Jack Hales, Hales, Sellers, Erin Bury, Rochelle Schultz, Weinstock Manion, it's, you'll, Notarization, Indrika Arnold, Will, Bury, who's, they're Organizations: Trust, Will, Bury, Financial, The Colony, National Council, Aging, Inc Locations: San Francisco, Topeka, Chevron

☆ EU Commission head von der Leyen elected for second term
▼ + stars: | 2024-07-18 | by ( ) www.cnbc.com time to read: +2 min

Ursula von der Leyen reacts after being chosen President of the European Commission for a second term, at the European Parliament in Strasbourg, France, July 18, 2024. European Commission President Ursula von der Leyen was elected for a second term on Thursday after pledging to create a continental "defence union" and stay the course on Europe's green transition while cushioning its burden on industry. It will decide whether we shape our own future or let it be shaped by events or by others," von der Leyen said ahead of a secret ballot on her candidacy. Von der Leyen, a centre-right former German defence minister, pledged to create "a true European Defence Union", with flagship projects on air and cyber defence. Von der Leyen also promised a raft of climate policies including a legally-binding EU target to cut emissions 90% by 2040, compared to 1990 levels.

Persons: Ursula von der Leyen, von der, von der Leyen, Von der, Von der Leyen, Viktor Orban's, Vladimir Putin, Donald Trump Organizations: European Commission, Green, Russia, European Defence Union, Hungarian, Defence, NATO, U.S Locations: Strasbourg, France, Ukraine, Moscow, Europe, United States

☆ Europe faces a hostile Russia and the prospect of an isolationist US. Unity is more crucial than ever
▼ + stars: | 2024-07-18 | by ( Clare Sebastian | ) edition.cnn.com time to read: +4 min

“Together we will make our allies share in the burden of securing world peace,” he said at the Republican National Convention in Milwaukee. “I think whoever wins the US race… it will be more America first,” Belgium’s Prime Minister Alexander De Croo told CNN. Europe needs to take care of its defense more.”Danish Prime Minister Mette Frederiksen argues Europe stepping up its commitment to its own security has nothing to do with the US. “We have to be more capable of defending ourselves, with a more and more aggressive Russia, not only when it comes to Ukraine,” she told CNN. Preserving European unity is critical to a long-lasting peace, he said.

Persons: JD Vance, ”, Vance, Donald Trump, Alexander De Croo, ” Finland’s, Alexander Stubb, “, Sen, Will Lanzoni, Mette Frederiksen, Keir Starmer, Viktor Orban, Vladimir Putin, ” Orban, Ursula von der Leyen, Volodymyr Zelensky, … Organizations: CNN, Republican, Republican National Convention, Munich, NATO, Trump, European Commission, EU, Ukraine Locations: Blenheim, Milwaukee, Ohio, Ukraine, Oxfordshire, Europe, States, Danish, Russia, Hungarian, Moscow, Ukrainian

☆ Live Election Updates: Trump to Close Convention in Full Control of His Party
▼ + stars: | 2024-07-18 | by ( Jim Rutenberg | ) www.nytimes.com time to read: +22 min

☆ Education Department to forgive $1.2 billion in student debt for 35,000 borrowers
▼ + stars: | 2024-07-18 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

US President Joe Biden speaks about student loan relief at Madison College in Madison, Wisconsin, on April 8, 2024. The Biden administration announced it will cancel $1.2 billion in student debt for 35,000 workers, as a result of its recent fixes to a popular debt relief program for public service workers. But the program has been plagued by problems, making people who qualified for the relief a rarity in the past. Under the Biden administration, the U.S. Department of Education gave borrowers a second chance to qualify, as long as they'd been making payments on their loans and working for an eligible employer. The Biden administration has so far cleared $69.2 billion in student debt for 946,000 borrowers under PSLF, according to the Education Department.

Persons: Joe Biden, Biden, Harris, Education Miguel Cardona, George W, Bush Organizations: Madison College, Biden, Public, Education, U.S . Department of Education, Education Department Locations: Madison , Wisconsin

☆ PIMCO economist says fears of a US debt crisis are overblown - for now
▼ + stars: | 2024-07-18 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

PIMCO economist Peder Beck-Friis says that high US debt levels do not pose an immediate threat. Before that happens, volatility will rise in financial markets and the macro economy, he noted. AdvertisementInvestors shouldn't fear US debt crisis just yet, as the situation is more benign than it appears, PIMCO econmist Peder Beck-Friis wrote on Thursday. In an op-ed in The Financial Times, Beck-Friis wrote that investors will need to prepare for higher instability before policymakers treat the debt seriously. Like many other big-name market observers, he argued that the aggressive rise in the US debt will eventually hit unsustainable levels.

Persons: Peder Beck, Friis, —, PIMCO econmist Peder Beck, Beck, Bill Gross, Ronald Reagan, Bill Clinton Organizations: Financial Times, Service, Financial, US Locations: Washington, Europe

☆ Here are Wednesday's biggest analyst calls: Rivian, Nvidia, Apple, Micron, Microsoft, Sweetgreen, Tesla, Netflix & more
▼ + stars: | 2024-07-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Wednesday's biggest calls on Wall Street: Morgan Stanley reiterates Rivian as overweight Morgan Stanley raised its price target on Rivian to $17 per share from $13. UBS reiterates Apple as neutral UBS said it sees Apple results as "in-line" when the company reports on Aug. 1. UBS initiates Sweetgreen as buy UBS said the restaurant chain has "margin potential." Guggenheim reiterates Netflix as buy Guggenheim said it's sticking with its buy rating on Netflix heading into earnings Thursday. UBS reiterates Micron as buy UBS said it's sticking with its buy rating on shares of Micron.

Persons: Morgan Stanley, Rivian, Jefferies, Bernstein, TD Cowen downgrades Charles Schwab, Cowen, Schwab, it's, Morgan Stanley downgrades, TD Cowen, 2H24, Tesla, Oppenheimer downgrades Morgan Stanley, Oppenheimer, Guggenheim, Needham Organizations: VW, Susquehanna, Nvidia, AMD, UBS, Apple, Chevron, bbl, Deutsche Bank, Deutsche, Valero, Mizuho, Citi, Hershey Citi, TD Cowen downgrades, Airlines, Barclays, MasterCard Citi, Mastercard, " Bank of America, Bank of America, Enterprise, NASDAQ, HSBC, Qualcomm, Netflix, Micron, Microsoft

☆ David Zaslav's Warner Bros. Discovery experiment has failed, Bank of America's top media analyst says. Here are the company's 3 best paths forward.
▼ + stars: | 2024-07-17 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Zaslav, the cable-executive-turned-mogul, orchestrated the tie-up between Warner Media and Discovery after running the latter for 15 years. "The current composition as a consolidated public company is not working," Ehrlich wrote in a July 16 note. AdvertisementZaslav should reexamine his strategy and look at options that would benefit his long-suffering stock, Ehrlich wrote. 3 best blueprints for a WBD turnaroundIn the note, BofA media analysts outlined several potential paths forward for Zaslav and the company. Advertisement"We have long discussed an impending 'rebundling' in media, as the current streaming market is oversaturated and ripe for consolidation," Ehrlich wrote.

Persons: —, it's, David Zaslav, hasn't, Jessica Reif Ehrlich, Ehrlich, BofA, Bob Iger, Fox Organizations: Service, Warner Bros, Warner Media, Discovery, Business, Bank of America's, NBC, Disney, ABC, CBS, Paramount, Skydance, Max Locations: Zaslav, Hollywood

☆ King’s Speech: Charles unveils Keir Starmer’s plans for Britain, in state opening of parliament
▼ + stars: | 2024-07-17 | by ( Rob Picheta | ) edition.cnn.com time to read: +8 min

The speech sets out the agenda of Keir Starmer, who defeated Rishi Sunak's Conservatives in this month's election. Starmer also formalized plans to renationalize Britain’s rail network in the coming years, and to create a publicly-owned renewable energy company. At home, a number of institutions were targeted for modernization – most awkwardly, the very room in which Charles gave his speech. “The party opposite has successfully tapped into the public’s desire for change, but they must now deliver change,” Sunak said. Those arguments will intensify in the coming weeks, as Labour introduces its first bills to Parliament – beginning with three priority measures from the speech later this week.

Persons: CNN — Keir Starmer, ”, King Charles III, ” Starmer, Starmer, Keir Starmer, Rishi Sunak's, Dan Kitwood, Camilla, Black Rod –, Rishi Sunak, Kirsty Wigglesworth, Charles, Bill, –, Theresa May, ” Sunak, Sunak Organizations: CNN, Commons, Labour, Tory, Conservative, Reform UK, Getty, Border Security Command, National Health Service, NATO, – Locations: nationalize, Britain, Europe, Buckingham Palace, Westminster, Rwanda

☆ This man built a plane for his family in his garden
▼ + stars: | 2024-07-16 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +11 min

Amateur buildEngineer Ashok Aliseril spent 18 months building a four-seater plane during the pandemic, helped by his daughter. Aliseril briefly considered buying an older aircraft, and looked at some that had been built in the 1960s and 1970s. After researching self-assembly aircraft kits, he came across a four-seater plane manufactured by South African company Sling Aircraft that ticked all the right boxes. “I would say generally, anyone can get involved in these sorts of builds.”Lockdown projectHe built a shed in his garden to complete the build. Although he’d initially planned to hire a workshop to construct the aircraft, Aliseril feels that creating a workspace at his home was the better choice.

Persons: Ashok Aliseril Thamarakshan, Abhilasha, Aliseril, ” Aliseril, Ashok Aliseril, Ashok, ”, “, you’ve, Tara, he’d, it’s, ‘, Diya, who’ve, he’s, – Organizations: CNN, CNN Travel, Amateur, South, Sling Aircraft, Sling, Light Aircraft Association, UK Civil Aviation Authority, Federal Aviation Administration, FAA, CAA Locations: Essex, England, Isle of Wight, mull, Johannesburg, Abhilasha, Cambridge, Skegness, Turweston, Buckinghamshire, Bergerac, France, Norway

☆ 'God help Ukraine': How JD Vance's VP nomination will cause chills in Kyiv
▼ + stars: | 2024-07-16 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +8 min

Gaelen Morse | ReutersRepublican presidential nominee Donald Trump's pick of Sen. JD Vance as his vice presidential running mate will have sent chills down spines in Kyiv Tuesday morning. Ash has previously questioned Vance's position on Ukraine and the suggestion that Europe should bear the responsibility of helping Ukraine to defend itself against Russia. Trump has always appeared ambivalent over the war in Ukraine and continuing aid. The comment was an ominous one for Ukraine, however, suggesting Trump could be tempted to pull the rug on further aid. "Donald Trump would mean a big break with a couple of NATO policies, in particular on the question of Ukraine and support to Ukraine.

Persons: JD Vance, Donald Trump, Gaelen Morse, Donald Trump's, Sen, Ohio Republican Vance, Volodymyr Zelenskyy's, Trump, Vance, Ukraine —, Vladimir Putin, Europe hasn't, Timothy Ash, Ash, Vance et, Volodymyr Zelensky, Mitch McConnell, Charles Schumer, Drew Angerer, Zelenskyy, Russia's Putin, Mikhail Klimentyev, Reuters Keen, ringfence, Guntram Wolff, Wolff, Putin Organizations: Republican, U.S, Reuters Republican, Kyiv Tuesday, Ohio Republican, Marines, Kyiv —, NBC News, Financial Times, NATO, BlueBay Asset Management, Russia, Capitol, Republicans, National Governors Association, Trump, Sputnik, Reuters, CNBC Locations: Youngstown , Ohio, Kyiv, Ukraine, U.S, Russia, Europe, Russian, United States, America, Washington ,, Utah, Osaka, Japan, Washington, Trump

☆ JD Vance has some ideas on how to get Americans to have more babies
▼ + stars: | 2024-07-16 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Read previewSen. JD Vance, now a vice-presidential nominee, has some strong opinions on how America can better support families. Vance, the author of "Hillbilly Elegy" and a former venture capitalist, has been outspoken about his views on family and birth rates. "We should worry that in America, family formation, our birth rates, a ton of indicators of family health have collapsed," Vance said in 2021 remarks. But Vance's actions as a senator suggest some support for Democratic policies, such as an expansion of the child tax credit. Vance expressed support for the credit, saying at the time that "we're the party of families," Punchbowl News reported.

Persons: —, Sen, JD Vance, Vance, He's, he's, we're, would've, Democratic Sen, Ron Wyden, Jason Smith —, Joe Biden, Biden Organizations: Service, Business, Republican National Committee, Social Security, Democratic, Tax Relief, American Families and Workers, Republican, Punchbowl Locations: America, Ukraine, Washington

☆ JD Vance's history shows how he splits from Republicans on some key issues
▼ + stars: | 2024-07-16 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

On Monday, former President Donald Trump selected the Republican senator from Ohio to serve as his running mate. He went from a "Never Trump Republican" to Trump's pick for vice president, and he supports a range of conservative issues, from increased tariffs to opposing abortion rights. When it comes to raising taxes, Vance also hasn't ruled out that possibility. Related storiesStill, on other issues like trade, abortion, and education, Vance has stayed behind Trump's policies. He also aligns with his party on issues like gun control, rejecting Democratic efforts for stricter gun laws.

Persons: JD Vance, Donald Trump, Vance, Trump, Hitler, Democratic Sen, Sherrod Brown, Elizabeth Warren, He's, Warren, Biden, Lina Khan, Khan, hasn't Organizations: Service, Corporate America, Republican, Business, GOP, Democratic, Trump, Biden, Federal Trade Commission, Big Tech Locations: Ohio, Silicon

☆ Trump ready to be ‘peace broker’ on Ukraine, Orban tells skeptical European leaders
▼ + stars: | 2024-07-16 | by ( Niamh Kennedy | ) edition.cnn.com time to read: +4 min

CNN —Hungary’s Prime Minister Viktor Orban has told European leaders leaders that Donald Trump is “ready to act as a peace broker” between Russia and Ukraine if elected president, according to a letter seen by Reuters, amid concerns across the continent that Trump would attempt to force Kyiv into ceding territory to Moscow. Orban’s letter, addressed to European Council President Charles Michel and sent to all European Union leaders, was written in the wake of his controversial meetings with former President Trump, Russian President Vladimir Putin and Chinese President Xi Jinping. “I can […] surely state that shortly after his election victory, he will not wait until his inauguration, [Trump] will be ready to act as a peace broker immediately. But his visits with Putin, Xi and Trump have gone down poorly with EU lawmakers, who have accused Orban of vitally “misrepresenting” and “undermining” the EU’s stance on foreign policy. A letter signed by 63 European lawmakers, addressed to the three EU chiefs, said Orban had “caused significant damage” through his meetings.

Persons: CNN —, Viktor Orban, Donald Trump, Trump, Charles Michel, Vladimir Putin, Xi Jinping, “, ” Orban, Orban, pare, ” Trump, Joe Biden, Russia –, Orban –, ”, Putin, Volodymyr Zelensky, Trump’s, Xi, Ursula von der Leyen, Roberta Metsola Organizations: CNN, CNN — Hungary’s, Reuters, European, European Union, Ukraine “, EU, Ukrainian, ”, European Council Locations: Russia, Ukraine, Moscow, Russian, Hungarian, Beijing, Florida, Kyiv, Hungary

☆ As an only child, caring for my aging parents solo is a burden — but it's forced me to get better at asking for help
▼ + stars: | 2024-07-16 | by ( Rebecca Strong | ) www.businessinsider.com time to read: +7 min

I've become used to hearing responses like these when people find out I'm an only child. As I get older and my parents' health declines, I've had to get better at asking for help. It's not just physical health problems that I have to help my parents navigate solo, either. AdvertisementWhile the idea of experiencing motherhood is exciting to me, I also know that raising a child is a massive responsibility. And I'm not sure if I can manage that responsibility when I'm already caring for my parents — even with my husband sharing half the work.

Persons: I've, —, It's, I'm, who's, it's, Riany, she'd Organizations: Service, Business

☆ Live Election Updates: G.O.P. Convention to Open as F.B.I. Hunts for Would-Be Assassin’s Motive
▼ + stars: | 2024-07-15 | by ( Jonathan Weisman | ) www.nytimes.com time to read: +9 min

There is no place in America for this kind of violence — for any violence ever, period. “I’m sincerely grateful that he’s doing well and recovering,” Mr. Biden said. And the White House said that Mr. Biden would keep his campaign events in Las Vegas. Mr. Biden will speak at an NAACP conference on Tuesday and a UnidosUS conference on Wednesday, even as Mr. Trump and his party hold the Republican convention in Milwaukee. In both sets of remarks on Sunday, Mr. Biden made a plea that — if recent history is any guide — seemed unlikely to be heeded by activists on either side of the nation’s increasingly bitter divide.

Persons: Biden’s, Donald J, Trump, Let’s, Biden, ”, “, —, Rutherford B, Hayes, Lester Holt, Trump’s, “ I’m, he’s, ” Mr, “ Jill, That’s, Kamala Harris, General Merrick B, Garland, Mr, Lyndon Baines Johnson, Harris, Holt, Nicholas Nehamas Organizations: Republican National Convention, Resolute, Republicans, Trump, Democratic, NBC, Democratic National Committee, Mr, Service, Republican, White, NAACP Locations: American, America, United States of America, Milwaukee, Butler County, Pa, Austin , Texas, Palm Beach County, Fla, Austin, Las Vegas

☆ Looser regulation would allow business-led growth to relieve the 'massive' deficit burden, BlackRock chief Larry Fink says
▼ + stars: | 2024-07-15 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The US needs to ease business regulation to escape rising deficit trend, Larry Fink said. He told CNBC that Washington's "massive, massive spends" are unaffordable. AdvertisementThe US can't hope to escape its rising debt problem if the private sector is overburdened by regulatory red tape, Larry Fink said on CNBC. "And we're going to be really putting on the backs of our children, our grandchildren, a real burden of these massive, massive spends that we can't afford." With the election less than four months away, neither candidate has so far offered a solution to the rising deficit, and observers see both candidates adding to it over the next four years.

Persons: Larry Fink, —, Fink, Donald Trump, Joe Biden, Biden, Trump Organizations: CNBC, Service, BlackRock, Treasury Department, Congressional, Trump, House

☆ After ‘historic backslide’ during pandemic, global childhood immunization rates stall, new data shows
▼ + stars: | 2024-07-14 | by ( Maya Davis | ) edition.cnn.com time to read: +9 min

The pandemic signified a “historic backslide,” according to Dr. Katherine O’Brien, director of the Department of Immunization, Vaccines and Biological at WHO. WHO and UNICEF’s 2023 immunization coverage report, released Sunday, is the world’s largest dataset on immunization trends for vaccinations against 14 diseases. It analyzed estimates from 185 countries and used a third dose of the diphtheria, tetanus and pertussis (DTP3) vaccine — which is recommended for 1-year-olds — as the global marker for immunization coverage. The 2023 report also found HPV vaccine coverage in girls increased 7%, returning to near pre-pandemic levels. Analyzing immunization coverage in other areas of conflict is “a mixed picture,” O’Brien said.

Persons: Katherine O’Brien, ”, Ephrem, Lemango, ” Lemango, “, ” O’Brien, Subaas Shrestha, WHO’s O’Brien, “ I’ll, Dr, Sanjay Gupta, Melinda Gates Organizations: CNN, World Health Organization, United Nations, Fund, Biological, WHO, UNICEF, US Centers for Disease Control, Vaccine, Global, Get CNN, CNN Health, Vaccine Alliance, Melinda Gates Foundation Locations: Bangladesh, Indonesia, Brazil, Nigeria, Africa, Kathmandu, Nepal, United States, Sudan, Yemen, Afghanistan, Ukraine, Gaza, Israel, IA2030

☆ Investors bet a Fed rate cut to spur rotation from crowded stocks to neglected as bull market continues
▼ + stars: | 2024-07-13 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

Last Thursday, 87% of S & P 500 stocks outperformed the index itself, which Goldman Sachs called "the most in the history of our data set." Its total gain of 57%, measured by the S & P 500, is almost exactly half the post-1929 average too. For good measure, this year the S & P 500 has posted the best-ever start to a presidential election year. Arguably something close to it is already priced in to a considerable degree, with the S & P 500 pushing 22-times forward earnings again. The elevated sentiment backdrop is par for the course for a bull market, but sometimes associated with pauses or pullbacks.

Persons: Goldman Sachs, Russell, it's, It's Organizations: Strategas, New York Stock Exchange, CPI, Federal, Big Tech, Nasdaq, Fidelity Investments, Federal Reserve, Treasury Locations: superlatives, Bull

☆ Hurricane Beryl: Houston area residents frustrated as they enter 6th day without power and air conditioning in punishing heat
▼ + stars: | 2024-07-13 | by ( Dalia Faheid | Taylor Galgano | ) edition.cnn.com time to read: +11 min

We should not have had nine fire stations without power,” Patrick said. Combined with power outages, alarmingly dangerous consequences have ensued. CenterPoint foreign assistance crews work to restore power lines on Thursday in Houston, Texas. Danielle Villasana/Getty ImagesFrustration mounts with Houston utility providerThe crisis comes more than three years after massive power outages hit the state. Greg Abbott has requested an investigation into CenterPoint Energy and other electric companies in the wake of the outages, Patrick said in a news conference Thursday.

Persons: Hurricane Beryl, Energy –, Jordyn Rush, “ It’s, ” Rush, “ I’m, Gov, Dan Patrick, ”, ” Patrick, Beryl, KP George, Dawn O’Connell, Nim Kidd, Patrick, Kidd, Rush, it’s, Hurricane, Brian Maxwell, Danielle Villasana, Greg Abbott, CenterPoint, Jason Wells, “, ” Wells, Larry, Brandon Bell, Destinee Rideaux, she’s, she’s “, “, Rideaux, Laura, she’ll Organizations: CNN, Energy, Houston, Jordyn, CenterPoint Energy, Sunday, “, US Department of Health, Human Services, Preparedness, Texas Emergency Management, Gov, Federal Emergency Management Agency, Texas Gov, CenterPoint, Houston Chronicle, Ward Locations: Texas, Vermont, Louisiana, Houston, Fort Bend County, Harris County, Crystal Beach, City, Galveston, Houston , Texas, Iowa , Louisiana, Hurricane

☆ Why David Ellison should think twice about abandoning Paramount+ once the Skydance merger goes through
▼ + stars: | 2024-07-12 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Read previewParamount's flagship streaming service gets less attention and respect than it deserves — including, perhaps, from its new owners. Skydance, led by aspiring media mogul David Ellison, publicly unveiled its plan to invest billions into the so-called "New Paramount." Those lines likely have employees in Paramount's streaming division shaking in their shoes. It certainly sounds like Skydance is keen on trimming spending on the service or shacking it up with another streaming service like Warner Bros. Paramount's streamer had the highest share of subscriptions added in the first quarter in the US, according to data from Antenna.

Persons: —, Skydance, David Ellison, Ellison, Discovery's Max, Max, there's, Puck's Matthew Belloni Organizations: Service, Paramount, CBS, Nickelodeon, Business, Warner Bros, Netflix, Amazon Prime Locations: Canada, Mexico, Australia, Europe, Latin America, South America

☆ The entire regulatory burden on the economy seems quite high, says THL Partners' Scott Sperling
▼ + stars: | 2024-07-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe entire regulatory burden on the economy seems quite high, says THL Partners' Scott SperlingScott Sperling, THL Partners co-CEO, joins 'Squawk Box' to discuss the state of private equity, impact of regulation on businesses and the economy at large, state of the 2024 election, and more.

Persons: THL, Scott Sperling Scott Sperling Organizations: THL Partners

☆ OpenAI is reportedly nearing AI systems that can reason. Here's why that could be a cause for concern.
▼ + stars: | 2024-07-12 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

The scale ranked AI systems by levels of intelligence, from chatbots at level one, to AI systems that could do the work of entire organizations at level five. Execs reportedly told staffers they believed OpenAI was at level one, defined as AI with conversational language skills, but was nearing level two, identified as "reasoners" with human-level problem-solving. Burden added developing AI systems to this level runs the risk of the machines "reasoning past us," something that could have consequences for the workforce. An OpenAI representative told Bloomberg the scale also included "Agent" and "Innovator" levels, which classified AI systems by their ability to take action and aid in invention. "We've got AI systems that appear to do a tiny bit of reasoning, but it's not clear if it's just a mirage."

Persons: —, ChatGPT, Execs, OpenAI, Sam Altman, Altman, John Burden, Burden, they're, we're, We've, It's, Hannah Kirk Organizations: Service, Bloomberg, Business, University of Cambridge's, of Intelligence, University of Oxford Locations: chatbots

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