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☆ Dollar rides 'Trump trade' toward third weekly rise, markets brush off China GDP
▼ + stars: | 2024-10-18 | by ( ) www.cnbc.com time to read: +5 min

The onshore yuan ticked 0.06% higher to 7.1199 per dollar, while its offshore counterpart rose 0.12% to 7.1282. Data on Thursday showed U.S. retail sales growth was higher than expected and the ECB cut interest rates by 25 basis points. "All of that has played in to a stronger dollar," said Jason Wong, senior strategist at BNZ in Wellington. The New Zealand dollar was similarly eyeing a 0.75% fall for the week and was little changed at $0.6063 in the Asia session. The U.S. dollar index hit a 2-1/2 month high of 103.87 on Thursday and is up nearly 0.8% forthe week thus far.

Persons: Donald Trump, Ho Woei Chen, Jason Wong, There's, Yahya Sinwar, Israel's, Benjamin Netanyahu, Sterling Organizations: European Central Bank, People's Bank of China, Securities, Fund, Insurance, ECB, Reuters, Trump, New Zealand, Bank of England, U.S Locations: Asia, China, Wellington, U.S, Israel, Gaza

☆ Use this perfect 3-word response when someone hurts your feelings
▼ + stars: | 2024-10-18 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +2 min

No matter which way I went, my first step was always met with: "You never know where you're going." Despite being close friends, I couldn't bring myself to tell her that the jab made me feel incompetent. "And sometimes when people feel shame they do buy into the notion that they are flawed in some way." "Hurt feelings [can] elicit aggression, but I think hidden in there is this sense of being rejected and being found wanting," Tangney says. Even though having your feelings hurt is a universal experience, telling someone that what they said upset you can feel singularly embarrassing, says Judy Ho, a neuropsychologist and professor at Pepperdine University.

Persons: Tangney, that's, Judy Ho, Ho Organizations: George Mason University, Pepperdine University

☆ Macao's next leader wants to wean economy off gambling
▼ + stars: | 2024-10-14 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

Slated to become the next leader of Macao, Sam Hou Fai wants to steer China's special administrative region further away from its heavy reliance on gaming and gambling. Formerly Macao's top judge, Sam was elected Macao's next leader in an uncontested vote on Sunday. In the lead-up to his selection, the 62-year-old identified the diversification of Macao as an urgent issue to address. He added he would consider creating public funds to promote the development of emerging industries outside gaming and gambling. However, that reliance backfired during the Covid-19 pandemic when the gambling and gaming industries took major hits from border closures and social distancing policies.

Persons: Sam Hou Fai, Sam, Macao's, Ho Iat Seng, wouldn't, Seng Organizations: Trade, Beijing Locations: China, Macao, Greater China, Beijing

☆ China’s censorship is among the toughest in the world. So why did it let Kanye West play?
▼ + stars: | 2024-10-12 | by ( Chris Lau | ) edition.cnn.com time to read: +9 min

Hong Kong CNN —It seemed like an unlikely stage for Kanye West to unveil his new music. Music fans cheer during Kanye West's Vultures Listening Experience at Wuyuan River Stadium on September 15, 2024. One of the fastest-growing in the world, China’s music market became the fifth-largest market globally in 2022, according to IFPI, a trade body for the recorded music industry. China’s recorded music revenues grew 28.4% in 2022 from the year prior, compared with the global market rise of 9%, IFPI said. Bieber “engaged in a series of bad behaviors, both in his social life and during a previous performance in China,” China’s Ministry of Culture announced in 2015, without going into details.

Persons: –, Ye –, Ye, ”, Luo Yunfei, Xi Jinping, China “, Chen Dan, Mariah Carey, John Legend, Charlie Puth, Chen, Kanye, ” Chen, “, Ye’s, China’s, Hung Ho, fung, Bon, Jovi’s, Lama, Justin Bieber, Jay, Lady Gaga, Bieber “, Culture “, Ho, Johns Hopkins, it’s Organizations: Hong Kong CNN, Kanye, Communist Party, German, Adidas, Sports, Chinese Communist Party, China News Service, University of, Travelers, Xinhua, Kanye West, Visual China, Johns Hopkins University ., Oasis, China’s Ministry of Culture, Ministry, Culture, China, Nanjing University, China Daily, University of Richmond Locations: Hong Kong, China, Hainan, Hainan’s, Haikou, Beijing, Shanghai, “, Tokyo, British, Asia, Nanjing, Johns

☆ Recession risks in U.S. have come down: Goldman Sachs
▼ + stars: | 2024-10-09 | 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 EmailRecession risks in U.S. have come down: Goldman SachsKenneth Ho, chief Asia credit strategist at Goldman Sachs, says that's why macroeconomic volatility is lower.

Persons: Goldman Sachs Kenneth Ho, Goldman Sachs Locations: Asia

☆ In the past week, 4 of Elon's direct reports have announced they are leaving Tesla
▼ + stars: | 2024-10-08 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Multiple Tesla executives announced they are leaving or have left over the past week. AdvertisementTesla has been shedding executives ahead of its Robotaxi event, with four of Elon Musk's direct reports saying they'd left the company over the past week. Tesla's director of public policy and business development Jos Dings announced on LinkedIn that he was leaving the company on October 1. On October 6, global vehicle automation and safety policy lead Marc Van Impe also announced on LinkedIn he had left Tesla. In total, Musk has lost eight of his direct reports at Tesla over the past year.

Persons: —, Tesla, Elon Musk's, they'd, Nagesh Saldi, Bloomberg, Jos Dings, Marc Van Impe, Van Impe, Rohan Patel, Dings, David Zhang, hadn't, Daniel Ho, Musk, Drew Baglino, Rebecca Tinucci, Supercharging, Elon Organizations: Tesla, Service, Business, LinkedIn, SpaceX, Tesla's, Warner Bros Locations: Burbank , California

☆ How I built a $2 billion a year super app called Grab: '20 hour' work days
▼ + stars: | 2024-10-07 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +6 min

After the business went public in the U.S. in December 2021, it brought in over $2 billion in revenue in 2023, according to documents reviewed by CNBC Make It. As of 2023, Grab also serves over 35 million customers and provides 13 million gig jobs across eight countries in Southeast Asia. "We both really believed we were very blessed [and] we wanted to serve Southeast Asia." There's no arguing, however, that Grab has shaped the very infrastructure of Southeast Asia. In December 2021, Grab went public and listed on the Nasdaq.

Persons: Anthony Tan didn't, Tan Heng, Tan, Tan's, that's, Ferdinand ] Marcos, Hooi Ling Tan, Anthony Tan, Uber, Dara Khosrowshahi Organizations: Kuala Lumpur Stock Exchange, CNBC, Harvard Business School, Base, Malaysian, Nasdaq Locations: Tan Heng Chew, U.S, Southeast Asia, Philippines, Malaysia, Kuala Lumpur, Chi Minh, Vietnam, Manila, Asia, Southeast

☆ Embracing the chaos in Ho Chi Minh City
▼ + stars: | 2024-10-06 | by ( Richard Quest | Joe Minihane | ) edition.cnn.com time to read: +9 min

This is Ho Chi Minh City, the commercial heart of a resurgent Vietnam. It may be Ho Chi Minh City. Maksym Panchuk/iStock Editorial/Getty ImagesAccording to a 2022 C40 Cities Report, Ho Chi Minh City is home to some 7.3 million motorcycles. Watching him at work is to appreciate just how important preserving history and sharing culture is to the people of Ho Chi Minh City. Yet to get a proper taste of its most famous coffee, you really need to find one of the best coffee houses in Ho Chi Minh City.

Persons: thrall, Graham Greene, “, ” Greene, Greene, Ho, Po, it’s, ”, Minh City's, Ho Chi Minh, Tuan, Reed Kaestner, Tran, Tien, “ It’s, Âu, Lạc Long, Richard Quest, there’s, curbside Organizations: CNN, Maksym, Saigon Opera, National Assembly, Municipal Theatre of Ho, zipping, American Embassy, brac Locations: Chi Minh City, Vietnam, It’s, Ho Chi Minh City, it’s, Saigon, Chi, Ho Chi, Paris, South Vietnam, Municipal Theatre of Ho Chi Minh City, Brazil, “, American

☆ 'Your Rich BFF' finance creator has struck a new deal with Vox Media as the influencer podcasting space heats up
▼ + stars: | 2024-10-03 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +5 min

Finance creator Vivian Tu's podcast has a new home at Vox Media and wellness brand PS. Vox Media and Tu share why the partnership made sense and what helped seal the deal. Now, 30-year-old Tu is partnering with Vox Media and the newly rebranded wellness brand PS, formerly known as PopSugar, to launch a second season of the podcast. Vox Media was one of many suitors vying for the chance to collaborate with Tu, but they won because of an aligned vision and handing over creative control. AdvertisementAccording to Xu, Vox Media and Tu will work very closely together on the podcast's sales, marketing, and distribution, such as posting teasers of new episodes across Your Rich BFF and PS' social media accounts.

Persons: Vivian Tu's, —, Vivian Tu, Morgan, Tu, Ryan Serhant, Cassey Ho, Ankur Jain, I'm, Alix Earle, Jake Shane, It's, Gen Zers, millennials, they're, Vivian, there's, Lillian Xu, Vox, Xu, Rich BFF, you've Organizations: Vox Media, Service, YouTube, Business, Spotify

☆ CNBC Daily Open: Headwinds from Middle East, tailwinds from China
▼ + stars: | 2024-10-03 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Qilai Shen | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Headwinds blowing from Middle East might have been tempered by optimism in China. Lifted by Beijing's recent announcement of economic stimulus, Chinese stocks have been on a tear. That's caused U.S. exchange-traded funds that track Chinese stocks to rally, helping to keep the U.S. market afloat amid worries over the escalating Middle East conflict.

Persons: Qilai Shen, –, That's, Ryan Grabinski, CNBC's Hakyung Kim, Yun Li, Alex Harring, Samantha Subin Organizations: Chanel SA, Bloomberg, Getty, CNBC, European Union, Dow Jones, Nasdaq, Strategas Securities Locations: Nanjing, Shanghai, China, U.S, Taiwan, India

☆ A prominent finance creator has struck a new deal with Vox Media as influencer podcasting heats up
▼ + stars: | 2024-10-02 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +5 min

☆ OpenAI's rivals are on the prowl after an exodus of high-level executives
▼ + stars: | 2024-10-02 | by ( Melia Russell | Ben Bergman | ) www.businessinsider.com time to read: +7 min

Investors are flocking to OpenAI, but it's losing high-level executives at an alarming rate. Suddenly, it's open season for OpenAI employees. Rivals like Anthropic and Perplexity are signaling to workers that they put mission over profits. Suddenly, it's starting to feel like open season for OpenAI employees. A recruiter said his search firm has fielded more interest from current OpenAI employees since the board's ouster of Sam Altman a year ago.

Persons: —, Mira Murati, Ilya Sutskever, Andrej Karpathy, John Schulman, Greg Brockman, Alex Klein, he's, Dan Miller, Tim Tully, Sam Altman, Jason Redmond, weren't, Klein, OpenAI, Jack Guez, Anthropic, Jan Leike, Schulman, Durk Kingma, Kingma, Matt Murphy, Arvind Jain, Jain, Matt Hoffman, Johnny Ho, Ho Organizations: Rivals, Service, OpenAI, LinkedIn, Menlo Ventures, Ark Venture Fund, Business, Getty, Google, Anthropic, Employees, Engineers Locations: OpenAI, AFP, Bay

☆ NYC Mayor Eric Adams faces ‘possible’ additional charges in corruption case, federal prosecutor says
▼ + stars: | 2024-10-02 | by ( Kara Scannell | ) edition.cnn.com time to read: +3 min

New York CNN —Additional charges against New York City Mayor Eric Adams are “possible” and it’s “likely” there will be additional defendants charged as part of the alleged scheme in the federal corruption case, a prosecutor said Wednesday at a court hearing. Federal prosecutor Hagan Scotten said they have evidence that Adams attempted to tamper with a witness in the investigation. The federal prosecutor revealed new information about the investigation, saying it began in the summer of 2021 before Adams became mayor. The additional defendants could be charged in a superseding indictment or in a separate case, Scotten added. Assistant US Attorney Hagen Scotten speaks in Manhattan federal court, as attorney Alex Spiro, center, and New York City Mayor Eric Adams, right, look on Wednesday.

Persons: Eric Adams, it’s, Hagan Scotten, Adams, Scotten, Alex Spiro, Hagen Scotten, Elizabeth Williams, Dale Ho, Spiro, hasn’t, Democratic Sen, Bob Menendez’s, ”, – Organizations: New, New York CNN, New York City, FBI, Democratic, City Hall Locations: New York, Manhattan, New, Israel, China, Qatar, South Korea, Uzbekistan, Turkey, Turkish, New York City

☆ I flew 33 hours to Vietnam but was denied entry because of a common travel mistake I'll never make again
▼ + stars: | 2024-09-30 | by ( Jill Schildhouse | ) www.businessinsider.com time to read: +4 min

I travel often, but my recent trip to Vietnam was the first time I had issues entering a country. I was denied entry because my visa didn't have my middle name, but my passport did. It turns out the two documents didn't match: My middle name was on my passport but not my visa. Prasit Rodphan / ShutterstockVisa applications can be denied if your name doesn't match the one on your passport, and I'd missed this discrepancy. AdvertisementI'm glad I was able to continue on my trip, and I'll never travel again without money on hand for emergencies.

Persons: —, It'd, I've, couldn't, I'd, I'm, Cash Organizations: Service Locations: Vietnam, Phoenix, Dallas, Tokyo, Ho Chi Minh City, Prasit, Japan

☆ I flew 33 hours to Vietnam but was denied entry because of a common travel mistake that I'll never make again
▼ + stars: | 2024-09-30 | by ( Jill Schildhouse | ) www.businessinsider.com time to read: +4 min

I travel often but my recent trip to Vietnam was the first time I had issues entering a country. I was denied entry because my visa didn't have my middle name on it, but my passport did. It turns out they didn't match: My middle name was on my passport but not on my visa. AdvertisementI'm glad I was able to continue on my trip — and I'll never travel again without money on hand for emergencies. Cash is still king in most places, and I'm lucky this mistake only cost me a few bills and few hours.

Persons: —, I've, I'd, I'm, Cash Organizations: Service Locations: Vietnam, Phoenix, Dallas, Tokyo, Ho Chi Minh City, Prasit, Japan

☆ Nasrallah, claimed by Israel to have been killed in airstrike, oversaw Hezbollah’s rise into a regional force
▼ + stars: | 2024-09-28 | by ( Sana Noor Haq | ) edition.cnn.com time to read: +5 min

He replaced his predecessor and mentor, Abbas Musawi, as secretary-general of Hezbollah, after he was killed by an Israeli helicopter strike. Hezbollah was formed more than a decade earlier, by Lebanese fighters resisting Israel's invasion. It came after Israel detonated explosions across Lebanon targeting Hezbollah fighters. Days before he was killed, Nasrallah vowed to continue striking Israeli positions until Israel’s offensive in Gaza ends. Fears of an all-out war peaked earlier this month, after Israel unleashed a wave of lethal explosions across Lebanon targeting Hezbollah fighters.

Persons: CNN — Hassan Nasrallah, Israel, Nasrallah, Abbas Musawi, Saddam Hussein’s, Ho, –, Iran’s, Qassem Soleimani, Hassan Ammar, “, ”, António Guterres Organizations: CNN, Palestine Liberation Organization, Reuters, Lebanese, Hamas, Ministry of Health, Humanitarian Affairs, UN Locations: Beirut, Iran, Tyre, Iraq, Lebanon, Israel, Lebanon's, Lebanese, –, Syria, Yemen, Gaza

☆ Eric Adams is showing up to court for the first time since his historic indictment
▼ + stars: | 2024-09-27 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +2 min

Eric Adams is appearing in court for the first time in his criminal case Friday. AdvertisementNew York City Mayor Eric Adams arrived in Manhattan federal court Friday morning, where he is expected to enter a plea in his sprawling criminal bribery case. Adams is being represented in his criminal case by Alex Spiro, Elon Musk's go-to lawyer. Spiro recently won an acquittal for Alec Baldwin in a criminal case over the "Rust" movie set shooting. AdvertisementHo took the bench in a year ago, and the indictment against Adams would be his first high-profile case as a judge.

Persons: Eric Adams, He's, Adams, —, Katherine Parker, Sean, Diddy, Combs, Alex Spiro, Elon Musk's, Spiro, Alec Baldwin, Dale Ho, Joe Biden, Ho Organizations: Prosecutors, Service, York City, of, Turkish, United, US, American Civil Liberties Union Locations: Turkey, York, Manhattan, Southern, of New York, United Nations

☆ We're upping our price target on Costco after another steady quarter fortifies our thesis
▼ + stars: | 2024-09-26 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

The report didn't blow us away, but it still offered plenty of reminders on why Costco investors should stick around. Total revenue in its fiscal 2024 fourth quarter totaled $79.7 billion, missing analysts' expectations of $79.97 billion, according to estimates compiled by LSEG. Costco has succeeded for decades, but the high inflation of recent years has made the company's value-focused ethos really shine. Put it all together, we're increasing our price target on the stock to $950 a share from $875. In the quarter, Costco's membership renewal rate in the U.S. and Canada came in at 92.9%, a tick lower than the 93% rate observed in the third fiscal quarter, while worldwide held constant at 90.5%.

Persons: Gary Millerchip, Ron Vachris, Millerchip, it's, Kirkland, Costco's, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Costco, LSEG, Wholesale, Walmart, Club, Amazon, Costco's, Kirkland, Kirkland Signature, Management, U.S, CNBC Locations: Costco's, Yemen, U.S, Canada, Maine, Richmond , California

☆ Coatue-backed Distyl AI founded by Palantir alums, raises $20 million funding round, sources say
▼ + stars: | 2024-09-23 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +1 min

Palantir alums Arjun Prakash and Derek Ho founded Distyl AI. AdvertisementDistyl AI, a startup applying generative AI to enterprise workflows, has raised a new Series A funding round of $20 million, Business Insider has learned. The new round values the startup at least $200 million, two sources familiar said. Founded in 2022, the company raised a $7 million seed round last April, reported VentureBeat. This story is available exclusively to Business Insider subscribers.

Persons: Palantir alums Arjun Prakash, Derek Ho, —, Coatue, Nat Friedman, Brad Gerstner Organizations: OpenAI, Service, Dell Technologies Capital, Business

Seconds after that brief communication, the Titan was “pinged” for the last time, according to the opening presentation of the two-week hearing. Days later, authorities found its wreckage on the floor of the North Atlantic Ocean, several hundred yards from the remains of the Titanic, according to the Marine Board of Investigation, which is the highest level of inquiry by the Coast Guard. Lochridge testified he was supposed to pilot the submersible and objected when Rush decided he wanted to pilot the vessel. Rush made multiple errors during the dive, Lochridge said, including ignoring issues with the current and keeping his distance from the wreck. “It just didn’t seem to me that it had been particularly well-thought-out or executed,” he said of the submersible.

Persons: –, ” Peter Girguis, “, OceanGate, Shahzada Dawood, Suleman Dawood, Hamish Harding, Paul, Henri Nargeolet, ” Chris Roman, it’s, ”, David Lochridge, ” Lochridge, Lochridge, Rush, “ That’s, ” OceanGate, ‘ Don’t, ’ ”, Alfred McLaren, McLaren, Nargeolet, ” Girguis, David Marquet, ’, “ I’m, Renata Rojas, debriefings, Rojas, ” Rojas, Andrea Doria, “ We’re, we’re, you’re, Rojas “, David Lochridge’s, Stockton, CNN Steven Ross, ” Ross, Ross, could’ve, Scott Griffith, Griffith, Patrick Lahey, Fred Hagen, ” Hagen, ” CNN’s Dakin Andone, Alaa Elassar, Cindy Von Quednow Organizations: CNN, Titan, US Coast Guard, Harvard University, Stockton Rush, Marine Board of Investigation, University of Rhode Island’s, School of Oceanography, Coast Guard, Authorities, OceanGate, Guard, National Transportation Safety, US Navy, ”, PlayStation, Rush, Triton, Harvard Locations: Washington, Newfoundland, Canada, Rush, OceanGate, Stockton, Bahamas

☆ Mark Robinson, NC GOP nominee for governor, called himself a ‘black NAZI!,’ supported slavery in past comments made on porn forum
▼ + stars: | 2024-09-19 | by ( Andrew Kaczynski | Em Steck | ) edition.cnn.com time to read: +13 min

CNN is reporting only a small portion of Robinson’s comments on the website given their graphic nature. Many of Robinson’s comments on Nude Africa stand in contrast to his public stances on issues such as abortion and transgender rights. I sat there for about an hour and watched as several girls came in and showered,” Robinson wrote on Nude Africa. Writing in a forum discussing Black Republicans in October 2010, Robinson stated unprovoked: “I’m a black NAZI!”That same month, Robinson wrote in another post that he supported the return of slavery. Robinson’s comments on Nude Africa often frequently contained derogatory and racial slurs directed at Black, Jewish and Muslim people.

Persons: — Mark Robinson, ”, Robinson, He’s, ” Robinson, “ We’re, “ peeping, “, peeping, “ I’m, Josh Stein, Martin Luther King Jr, King, Barack Obama, Martin Lucifer Koon, Donald Trump, Stein, minisoldr, robinson ”, minisoldr “ Mark, ” Minisoldr, Yolanda Hill, Minisoldr, Mark Robinson’s, Disqus, Robinson’s, Greensboro , North Carolina – Robinson’s, Robinson Robinson, Mark Robinson, dunder, Nazi Germany Adolf Hitler, “ I’d, Martin Luther King, hebe ”, Norman Lear Organizations: CNN, Republican, Publicly, Africa, NC, Assembly, North Carolina Republican Party, Stein, Army, Black College and University, North Carolina, T State University, Disqus, Greensboro , North Carolina –, Twitter, Facebook, Black Republicans Locations: North Carolina, Parkland, North, Washington ,, Greensboro , North Carolina, Greensboro, NAZI, Nazi Germany, Washington

☆ China real estate sector: Policymakers are focused on 'risk containment,' Goldman says
▼ + stars: | 2024-09-13 | 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 EmailChina real estate sector: Policymakers are focused on 'risk containment,' Goldman saysKenneth Ho, head of Asia credit strategy research at Goldman Sachs, says "if there are government policies directed more towards cleaning up the excess inventory in the real estate sector, we think that's a positive development."

Persons: Goldman, Kenneth Ho, Goldman Sachs Organizations: China Locations: Asia

☆ Son Jun-ho: South Korean soccer player says Chinese authorities forced match-fixing confession out of him
▼ + stars: | 2024-09-12 | by ( ) edition.cnn.com time to read: +2 min

CNN —South Korean soccer player Son Jun-ho tearfully denied on Wednesday accusations by Chinese authorities that he participated in match-fixing and bribery when playing in the country and said he gave a false confession under duress. “I never took part in match-fixing,” Son told a news conference. He was not mistreated during detention, Son added, but described the conditions in which he was held as harsh. The General Administration of Sport of China and the foreign and public security ministries did not immediately respond to requests for comment. Son, who has now signed for South Korean side Suwon FC, said he hoped to continue his career.

Persons: Son, ho, “, ” Son, Jin Jingdao, Guo Tianyu, Gu Chao Organizations: CNN, South, Chinese Football Association, CFA, Administration of Sport, Chinese Super League, Shandong, Shandong Taishan FC, South Korean, Suwon FC Locations: South Korean, China, Administration of Sport of China, Shandong Taishan

☆ The two words Apple never mentioned at its iPhone 16 event
▼ + stars: | 2024-09-10 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

New York CNN —Apple is wedging AI into its phones like a new U2 album no one asked for. However, given the “Apple Intelligence” highlights the company previewed in June and officially rolled out Monday, investors and customers alike may want to temper their expectations. Even Apple seemed to hedge a bit: It never mentioned the words “artificial intelligence.”The new tools look … fine. Munster expects iPhone sales will exceed Wall Street’s estimates in the coming quarters. The always image-conscious Apple knows better than to fall into the “AI” trap, even if its whole pitch for the new iPhone is AI.

Persons: CNN Business ’, you’ll, Siri, You’ll, ”, Gene Munster, Justin Sullivan, Tim Cook, ChatGPT, Apple Organizations: CNN Business, New York CNN, Apple, Deepwater Asset Management, Munster, Apple Intelligence, Wall, of Hospitality Marketing, Management Locations: New York, Valley, Silicon Valley

☆ China bans 43 soccer players and officials for life for match-fixing
▼ + stars: | 2024-09-10 | by ( ) edition.cnn.com time to read: +2 min

CNN —The Chinese Football Association has banned for life 38 soccer players and five club officials after a two-year investigation into match-fixing and gambling, as part of a crackdown on corruption in one of China’s most popular sports. Power Sport Images/Getty Images/FileJin Jingdao during the 2022 FIFA World Cup Qualifier match between Australia and China on September 2, 2021 in Doha, Qatar. CFA President Song Kai said 43 of the 44 had been banned for life from football-related activities, and 17 others received five-year bans. The findings were announced ahead of a World Cup qualifier in Dalian later on Tuesday where Team China will host Saudi Arabia after last week’s 7-0 loss away to Japan. A former chairman of the CFA was sentenced to life in prison in March.

Persons: Zhang Xiaopeng, Jin Jingdao, Guo Tianyu, Gu Chao, Son, Mohamed Farag, Zhang, Song Kai Organizations: CNN, Chinese Football Association, Ministry of Public Security, Xinhua News Agency, Administration of Sport, CFA, Visual China, Getty, FC, AFC, China, men’s Locations: Dalian, China, South, Administration of Sport of China, South Korea, Hungary, Australia, Doha, Qatar, Saudi Arabia, Japan

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