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☆ 'Bridgerton' is on track to dethrone 'Stranger Things' as Netflix's biggest TV series
▼ + stars: | 2024-05-22 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +1 min

"Bridgerton" and "Stranger Things" have been battling out for the title of Netflix's biggest TV series. 'Bridgerton' season three could pull the show on top after scoring 45 million views in one week. Advertisement"Bridgerton" may overtake "Stranger Things" as Netflix's biggest TV series after season three gained 45 million views in one week. "Bridgerton" and "Stranger Things," Netlfix's global juggernauts, have been battling for that title for the last four years. In 2021, "Bridgerton" became Netflix's most-watched TV series, a month after the first season's release, with 82 million views.

Persons: — Organizations: Netflix's, Service, Business

☆ Exclusive: Convergence AI, a new startup founded by ex-Cohere employees, is in talks to raise a major pre-seed round
▼ + stars: | 2024-05-08 | by ( Callum Burroughs | Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

A UK-based AI startup, founded last month by former Cohere employees, is already in talks to raise a major pre-seed round amid venture capitalists' continued spending spree in the sector. Convergence AI, incorporated at the end of April, was founded by ex-Cohere employees Marvin Purtorab and Andy Toulis, who was also a machine learning engineer at Uber. Its primary aim, per leaked investor documents seen by BI, is to build out automated workforces using AI. The nascent business has been feted by several leading funds, with the company receiving at least six different term sheets for investment, two London-based sources said. The startup opted for a funding round led by London-based Balderton Capital, six sources familiar with the deal told Business Insider.

Persons: Marvin Purtorab, Andy Toulis, Slack Organizations: Uber, Business, Balderton, BI, Nvidia, Mistral Locations: London, Paris

☆ Bank of America lays out the exact scenario that could finally pop the stock market's AI bubble
▼ + stars: | 2024-04-26 | by ( Joe Ciolli | Filip De Mott | ) www.businessinsider.com time to read: +3 min

Bank of America says the ongoing "anything but bonds" bull market has led to a very top-heavy stock market. The firm is watching real 10-year yields and credit spreads for signals of when that AI-led rally could end. BofA says higher yields and tighter spreads could sound recession alarms and spur a stock sell-off. The key piece is the cohort of mega-cap tech companies that have long dominated stock-market performance, largely because of their affiliation with AI. In the meantime, if you subscribe to BofA's view, you should be watching the 10-year real yield for a signal of when any such downturn is coming.

Persons: BofA, —, YCharts There's Organizations: of America, Service, Bank of America, Apple, Nvidia, Microsoft

☆ Google removing links to California news websites as part of test in response to pending legislation
▼ + stars: | 2024-04-12 | by ( Alex Koller | ) www.cnbc.com time to read: +2 min

Google headquarters is seen in Mountain View, California, United States on May 15, 2023. Google will begin removing links to California news websites from search results for some Californians in response to a bill that would require online ad companies to pay a fee for connecting state residents to news sources. The recent developments have upended many online publishers that count on Facebook and Google for traffic and are particularly painful for publications that rely on advertising revenue. "If passed, CJPA may result in significant changes to the services we can offer Californians and the traffic we can provide to California publishers," Zaidi wrote. Supporters of the California bill say it will help news publishers receive a fair chunk of the ad profits reaped by tech juggernauts like Apple , Google and Meta.

Persons: Jaffer Zaidi, Zaidi Organizations: Google, California Journalism, Facebook, Meta, Google News, Apple Locations: View , California, United States, California, France, Germany, Spain, Australia, Canada, New Zealand

☆ Debate heats up as Singapore prime minister says exclusive Taylor Swift deal isn't 'unfriendly'
▼ + stars: | 2024-03-05 | by ( Monica Pitrelli | Marylou Costa | ) www.cnbc.com time to read: +4 min

Singapore Prime Minister Lee Hsien Loong said Tuesday that a closed-door deal for Taylor Swift to perform in the city-state ensured she would not perform in other Southeast Asian countries during her Eras tour. The statement is the first confirmation from the city-state that the agreement for Swift to perform in Singapore contained exclusivity terms preventing her from performing in other countries. He also did not reveal the size of the grant to Swift, but stated the amount is "not anywhere as high as speculated." During her first three concerts in Singapore, Swift asked her audience to applaud — first the locals, then those who had traveled from overseas to come to the show. Edwin Tong Singapore Minister for Culture, Community and YouthSome liken the deal to how cities vie to host major sports events, such as the Olympics, the Super Bowl and the World Cup.

Persons: Lee Hsien Loong, Taylor Swift, Swift, Edwin Tong, Srettha Thavisin, Joey Salceda, Lee, Ashok Kumar, —, Selena Oh, de Boer, Irene Hoe, — haven't Organizations: Singapore, Reuters, Thai, Swift's, Philippine, Getty, Edwin Tong Singapore Minister, Culture ,, Super Bowl Locations: Singapore, Southeast Asia, Melbourne, Bangkok, ASEAN, Tokyo, Asia, Malaysia, Thailand, Indonesia, Asia — Tokyo, Shanghai, Hong Kong, Philippines, Cambodia, what's, Edwin Tong Singapore

☆ Some hear echoes of the Web3 frenzy around generative AI. But its future is likely to play out very differently.
▼ + stars: | 2024-02-19 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +7 min

Mariam Pettit, partner at Global Founders Capital, said the rush toward AI was in part driven by investor FOMO. While investors and industry insiders don't anticipate the same fate for generative AI startups, many see the parallels between the two industries. Indeed, VCs are paying premiums and pre-empting rounds into hot AI startups in a bid to get a place on the cap table. AI founders are aware that they need to differentiate themselves in order to survive, at the very least. "And with vertical AI startups, it's much clearer that all the data we have is approved by the creator of that data."

Persons: Marc Andreessen, ChatGPT, Mariam Pettit, FOMO, Rainer Haeckl Web3, Sam Bankman Fried, Ash Arora, LocalGlobe, Arora, Sam Altman, Andreessen Horowitz, Ayman Fadil, Fadil, Pettit, Devang Agarwal Organizations: Business, Alpha, Global Founders Capital, Investors, Tech, Talis Locations: German, London, Web3, LocalGlobe, Jasper

☆ Kansas City Chiefs: Are they the newest NFL dynasty?
▼ + stars: | 2024-02-08 | by ( Ben Morse | ) edition.cnn.com time to read: +12 min

The Kansas City Chiefs will appear in their fourth Super Bowl in five seasons when they take to the field in Las Vegas on February 11 against the San Francisco 49ers. And, like the early era of the Patriots, the Chiefs don’t look like they’re stopping any time soon. To the surprise of many, given Smith’s improvement under Reid, Kansas City selected Patrick Mahomes out of Texas Tech. Mahomes has two MVP awards, two Super Bowl wins and two Super Bowl MVPS, while Brady had three Super Bowl titles, two Super Bowl MVPs and no NFL MVP awards. You don’t have to know a screen pass from a field goal to know something about the Kansas City Chiefs.”What do the Chiefs themselves think?

Persons: Bill Belichick, Tom Brady, Douglas, Andy Reid, Belichick, Brady, Reid, Alex Smith, Travis Kelce, – Reid, Belichick’s, ”, Gregg Rosenthal, ” Rosenthal, Colin E, It’s, Mitchell Trubisky, Patrick Mahomes, Mahomes, Zierlein, Jay Cutler, ” Mahomes, Chelsea Purgahn, Rosenthal, he’d, “, Smith, –, Ed Zurga, he’s, “ I’ve, Tom, They’re, Jamie Squire, Brett Veach, that's, Rich Eisen, ” Eisen, Bob Costas, CNN’s Gayle King, Charles Barkley, ” Costas, “ They’ve, Andy Reid’s, Chiefs – they’ve, Taylor Swift, it’s, I’ll Organizations: CNN, New England Patriots, Patriots, NFL, Kansas City Chiefs, San Francisco 49ers, Kansas, Chiefs, AFC West, CNN Sport, AFC, Tennessee Titans, San, Philadelphia Eagles, Chicago Bears, Bears, North Carolina, Reid , Kansas City, Texas Tech, Chelsea, Tyler Morning Telegraph, Kansas City, Miami Dolphins, Mahomes, NFL Hall of Famer, Super Bowl, Belichick, Brady Patriots, February’s, The Patriots, Games, year’s Chiefs, Ravens, Twitter, Veteran, Dallas Cowboys, Philadelphia Locations: New England, Foxborough , Massachusetts, Las Vegas, Kansas City, Missouri, San Francisco, Philadelphia, Reid ,, Kansas, Washington, Brady

But Greta Gerwig not being among the five best director nominees for this year’s Oscars is one of the biggest shocks in recent memory. Here are some other major “snubs” and “surprises” from Oscar nomination morning. Gerwig was previously nominated for best director for “Lady Bird,” and missing out for “Little Woman” was even a snub. “The Super Mario Bros.” movie, the second highest grossing film of the year was completely shut out from nominations including animation. ‘SALTBURN’ GOES DOWN THE DRAINListen, we didn’t really think that Emerald Fennell’s “Saltburn” would make a big splash nominations morning, but it had been trending that way based on its popularity on Prime Video over the holidays.

Persons: Barbie, Greta Gerwig, ”, Oscar, GRETA GERWIG, Gerwig, “ Barbie, Lady Bird, Justine Triet, James Cameron, Joseph Kosinski, Ava DuVernay, Aunjanue Ellis, Isabel Wilkerson, It’s, —, Gina Prince, Bythewood’s, DuVernay’s, Selma ”, Halle Berry, Barrino, CHARLES MELTON, Charles Melton’s, Sterling K, Brown, ” “, Samy Burch, MARGOT ROBBIE OUT, Margot Robbie, America Ferrera, Robbie, DIANE WARREN, BARBIE, Diane Warren, Warren, Barbie ”, “, Ken ”, ” Oscar, Aki Kaurismäki’s, ’, Celine, Greta Lee's, Mario, Princess Peach, Anderson, Pedro Almodóvar, Pedro Pascal, Ethan Hawke, Wes Anderson, Roald Dahl, Henry Sugar, ‘, Sophie Ellis Organizations: “, ACADEMY, Sterling, AMERICA, MARIO Locations: LIPA, France, Cannes, U.S

☆ UAE seeks to silence critics with $30-billion climate fund pledge with BlackRock, Brookfield
▼ + stars: | 2023-12-01 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Sultan Ahmed Al Jaber, President of the UNFCCC COP28 Climate Conference, attends a press conference following the opening session of the conference on November 30, 2023 in Dubai, United Arab Emirates. The United Arab Emirates on Friday said it would contribute $30 billion to a new climate-oriented fund, with finance juggernauts BlackRock, Brookfield and TPG stepping in as inaugural launch partners. Its activity will center on areas including the energy transition, industrial decarbonization and climate technology. The announcement was made on the second day of the COP28 climate summit in the UAE. COP28 President Sultan al-Jaber, who also serves as chief executive of the Abu Dhabi National Oil Company (ADNOC), will chair the board of Alterra.

Persons: Sultan Ahmed Al Jaber, Sultan al, Jaber Organizations: Conference, United Arab Emirates, United, juggernauts BlackRock, TPG, Global, Abu Dhabi National Oil Company Locations: Dubai, United Arab, Brookfield, Latin America, Asia, Africa, Oceania, UAE, Abu Dhabi

☆ House Republicans have a multimillion dollar fundraising problem with their newest speaker
▼ + stars: | 2023-10-25 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

On Wednesday, GOP Rep. Mike Johnson became the newest speaker of the House. Now, with new Speaker Mike Johnson at the helm, the party may grapple for some time with how opposite Johnson is from his predecessor. Johnson's sudden rise to becoming speaker comes just over a year before the 2024 election where the Republican Party is aiming to regain control. Neither prediction ultimately came true: Republicans only gained a very slim majority of the House and managed to lose footing in the Senate. Less than two years later, it's now Johnson's responsibility to make sure the Republican Party remains in power.

Persons: Mike Johnson, He's, Mike McCarthy, Nancy Pelosi, Johnson, —, Kevin McCarthy, McCarthy, Pelosi, it's, Louisiana Republican's, he's, House Republicans —, Jeff Miller, Jordan Peterson Organizations: GOP, Service, Republican Party, Capitol, Democratic Rep, House GOP, Federal, Commission, House Republicans, House Republicans — Politico, Republicans Locations: Louisiana

NEW YORK (AP) — The eighth installment of the “Mission: Impossible” franchise has been postponed a year, signaling a new wave of release schedule juggling for Hollywood studios as the actors strike surpasses three months of work stoppage. Paramount Pictures on Monday shifted the release date of “Dead Reckoning — Part Two” from June 28 to May 23, 2025. A string of Marvel movies have previously shifted back, as did the third “Venom” film. “Spider-Man: Beyond the Spider-Verse," has been delayed indefinitely after being dated for March 2024. Negotiations between the Screen Actors Guild-American Federation of Television and Radio Artists and the studios are scheduled to resume Tuesday.

Persons: Christopher McQuarrie's, Tom Cruise, Barbie ”, “ Oppenheimer, it's, ”, Lupita Nyong’o Organizations: Hollywood, Paramount Pictures, Paramount, Screen, American Federation of Television, Radio Artists

Keep reading if you want to know how to watch the Giants vs. Bills live stream on Sunday Night Football. For $6.99 per month, NFL+ offers live streams for all local broadcasts and primetime games, including Sunday Night Football, Monday Night Football, and Thursday Night Football. Feel free to bookmark our guide to Sunday Night Football live streams for the most up-to-date information each week. Week 6: Giants vs. Bills, Oct. 15 (NBC, $5.99 on Peacock)Week 7: Dolphins vs. Eagles, Oct. 22 (NBC, $5.99 on Peacock)Week 8: Bears vs. Chargers, Oct. 29 (NBC, $5.99 on Peacock)Week 9: Bills vs. Bengals, Nov. 5 (NBC, $5.99 on Peacock)Week 10: Jets vs. ET (NBC, $5.99 on Peacock)Week 12: Ravens vs. Chargers, Nov. 26 (NBC, $5.99 on Peacock)Week 13: Chiefs vs. Packers, Dec. 3 (NBC, $5.99 on Peacock)Week 14: Eagles vs. Cowboys, Dec. 10 (NBC, $5.99 on Peacock)Week 15: Ravens vs. Jaguars, Dec. 17 (NBC, $5.99 on Peacock)Week 16: Bengals vs. Steelers, Dec. 23 at 3 p.m.

Persons: Daniel Jones, Josh Allen, Peacock, You'll, ExpressVPN, NFL RedZone Organizations: Giants, Bills, Buffalo Bills, Football, NBC, Sunday, NFL, NFL Network, NFL Films, NFL Shop, Insiders, Night, Dolphins, . Eagles, . Chargers, Bengals, Jets, . Raiders, Broncos, Seahawks, Ravens, Chiefs, Packers, . Cowboys, . Jaguars, Steelers, . Vikings Locations: New York, United States, DAZN

☆ Cummins banks on all-rounders to bring Australia World Cup glory
▼ + stars: | 2023-10-05 | by ( Amlan Chakraborty | ) www.reuters.com time to read: +2 min

Australia picked up their first 50-overs title in 1987 before winning three in a row from 1999 to 2007. "I think we had a really strong run in the early 2000s," Cummins told reporters on Wednesday. With their fiery attack, formidable batting and electric fielding, Australia set the benchmark in 50-overs cricket during that era but reigning champions England have replaced them as the dominant limited-overs side, also winning the T20 World Cup in Australia last year. Cummins, in his first World Cup as Australia captain, is one of several frontline players returning from injuries but the 30-year-old says Australia have what it takes to win in India -- an abundance of all-rounders. Australia will begin their World Cup campaign against hosts India in Chennai on Sunday.

Persons: Pat Cummins, Cummins, we've, Mitchell Marsh, David Warner's, Travis Head, We've, everyone's, Amlan Chakraborty, Peter Rutherford Organizations: New Zealand, England, Australia, Thomson Locations: AHMEDABAD, India, Australia, New, South Africa, Chennai, Ahmedabad

☆ Champion used to be one of the hottest athletic brands. Now it's struggling and could be up for sale — here's how it got to this place
▼ + stars: | 2023-09-27 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +4 min

But the brand's sales are falling behind, and HanesBrands is considering selling Champion. Here's how Champion became popular among athletes, college students, and hip-hop artists. Champion is one of the oldest American sportswear brands, and it claims to have invented both the hoodie sweatshirt and the sports bra. Champion became popular among college students and athletesChampion sweatshirts are popular among college students. Hip-hop artists popularized sportswear brands like Champion.

Persons: Gen Zers, —, Michael Jordan, Stephen Bratspies, HanesBrands, sweatshirts, Rick Friedman, Jean Baptiste Lacroix, Getty, athleisure, Brands, millennials, Davidson, Muhammad Ali, Kylie Jenner, Chance Organizations: Service, US, Getty, Knitting Mills Inc, Wentworth Military Academy, NBA, NFL, US Olympic, Getty Champion, juggernauts, Nike, Adidas, Reebok, Beastie Boys Locations: Mills, Rochester , New York, America, Target

LONDON, Sept 21 (Reuters Breakingviews) - Barely a day goes by without an eye-catching story involving Saudi Arabia’s Public Investment Fund. A third of the fund consists of significant stakes in domestic companies like the $51 billion Saudi Telecom Company (7010.SE) and $53 billion Saudi National Bank (1180.SE). Reuters Graphics Reuters GraphicsThe PIF’s investment strategy is also racier than its more conservative peers. But the episode reinforces the impression that the PIF is a mix of venture capital, hedge fund and startup money. The most spectacular was probably handing $45 billion to SoftBank Group (9984.T) boss Masayoshi Son for his $100 billion first Vision Fund.

Persons: Kylian Mbappé, It’s, Prince Mohammed bin Salman, Yasir Al, Abu Dhabi’s Mubadala, Rumayyan, Salman bin Abdulaziz, Masayoshi Son, SWFs, Taiwan’s Foxconn, Peter Thal Larsen, Streisand Neto Organizations: Reuters, Saudi Arabia’s Public Investment Fund, Standard Chartered, Spanish telco Telefonica, Fund, Abu, Abu Dhabi Investment Authority, Global, Reuters Graphics Reuters, Saudi, Saudi Telecom Company, Saudi National Bank, Saudi Aramco, giga, Qatar Investment Authority, Singapore’s Temasek, Al, MbS, SoftBank Group, Vision, Credit Suisse, UBS, Saudi giga, Aramco, Investment, Thomson Locations: Spanish, Abu Dhabi, Riyadh, Saudi

☆ TKO, the newly merged UFC-WWE, aspires to grow beyond fighting
▼ + stars: | 2023-09-12 | by ( Alex Sherman | ) www.cnbc.com time to read: +2 min

Ultimate Fighting Championship and World Wrestling Entertainment executives decided to name their new publicly traded company TKO to honor the companies' expertise in fighting, but they have broader aspirations than just owning combat sports. That includes eventually going to market together for international media rights and bringing together the company's production efforts and back offices, Shapiro said. After that, TKO plans to swing into acquisition mode to grow the company, he said. Endeavor also owns Professional Bull Riders and two tennis tournaments — the Mutua Madrid Open and the Miami Open. In the coming months, TKO executives will also negotiate new media deals for WWE "Raw" and "SmackDown" on traditional pay TV.

Persons: WME, Mark Shapiro, Shapiro Organizations: Wrestling Entertainment, New York Stock Exchange, Endeavor Group Holdings, UFC, Hollywood, WWE, CNBC, Endeavor, Professional Bull Riders, Madrid, Miami, WME, Fox

☆ Portkey.ai makes it easier to build generative AI apps. Check out the 14-slide deck it used to raise $3 million from Lightspeed.
▼ + stars: | 2023-08-23 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

The San Francisco-based startup allows businesses to create generative AI apps quickly. Check out the 14-slide pitch deck used to secure the fresh funding. A startup that enables businesses to build their own generative AI apps has just raised $3 million from Lightspeed. San Francisco-based Portkey.ai — launched in January this year — aims to help companies deploy "very complex applications" on top of generative AI infrastructures, said cofounder and CEO Rohit Agarwal. The startup targets engineering teams in midmarket and enterprise companies, that are adopting generative AI, as well as generative AI startups.

Persons: Portkey.ai, —, Rohit Agarwal, Portkey, Agarwal Organizations: US, Lightspeed, Amazon Web Services Locations: San Francisco, Francisco, midmarket, Portkey

☆ My company lost $450K because we didn't fire 5 wrong hires quickly enough. It's important to 'fire fast' — even though it's difficult.
▼ + stars: | 2023-08-22 | by ( Melissa Kwan | ) www.businessinsider.com time to read: +9 min

After spending too much time and money because I'd rather avoid tough conversations, I finally learned the importance of "firing fast." The concept of "hire slow, fire fast" has been popularized by startup culture, referring to the agility required to grow a company in a competitive environment. In our first two years, we made five wrong hires that ended up costing $450K because we didn't "fire fast." The most expensive thing about wrong hires is not money — it's time (and sadly sometimes friendships, as mentioned above). While not all costs can be avoided — because you don't know what you don't know — they can be mitigated by "firing fast."

Persons: Melissa Kwan, Kwan, It's, it's, I've, Dev, we'd, —, We've Organizations: Morning

☆ How soaring demand for Ozempic and Wegovy is altering Denmark’s economy
▼ + stars: | 2023-08-21 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

Its maker, Novo Nordisk (NONOF), has raked in almost 49 billion Danish krone in profit ($7 billion) over the first six months of this year, up 32% from the same period in 2022. Novo Nordisk also produces Ozempic, a drug developed to treat type 2 diabetes but which contains the same active ingredient as Wegovy. Surging demandShares in Novo Nordisk have soared 34% since the start of 2023 to give the company a market capitalization of 2.2 trillion Danish krone ($322 billion). The stock shot up earlier this month after Novo Nordisk published the results of a five-year trial on the impact of Wegovy on cardiovascular disease. Novo Nordisk now expects its profits to grow by up to 37% this year, much higher growth than the maximum 19% rise it forecast in February.

Persons: Jens Naervig Pedersen, Pedersen, Jaap Arriens, ” Pedersen, “ We’ve, Andrew Kenningham, “, juggernauts Roche Organizations: London CNN, Nordic, Novo Nordisk, Danish, Danske Bank, European Central Bank, CNN, Capital Economics, AstraZeneca, Kaiser Family Foundation Locations: United States, Denmark, Danish, Europe

☆ A continuous glucose monitor helped me discover I have hypoglycemia. Here's how startup January uses AI to predict blood sugar spikes and crashes and coached me to better food choices.
▼ + stars: | 2023-08-14 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +16 min

The healthcare startup January uses CGMs and AI to monitor glucose levels, exercise, and sleep. I have low blood sugar, and January used machine learning to coach me to healthier habits. Low blood sugar, or hypoglycemia, is less common than high blood sugar, or hyperglycemia. Samantha Stokes/InsiderAt the end of January's AI training, I unlocked a suite of tools to track my food, exercise, blood sugar, and more. But January encouraged me to take a short walk after eating, which can help moderate glucose levels following a meal.

Persons: Marc Benioff, they're, Noosheen Hashemi, Hashemi, Marissa Mayer, Samantha Stokes, Mike Snyder, Insider's, What's, I've, CGM, didn't, Jesus Weligsander Perez Organizations: Felicis Ventures, AME Cloud Ventures, Apple Watch, Drug Administration, Stanford Medicine, Pace Locations: That's, SignalFire, Mount Sinai

☆ Rising costs, declining demand, massive consolidation and government scrutiny: the death industry is changing, maybe for good
▼ + stars: | 2023-08-03 | by ( Madison Hall | ) www.businessinsider.com time to read: +10 min

More and more Americans are choosing to move away from the traditional burial process after they die. As the 2022 NFDA Cremation & Burial Report explained, "Typically, cremations cost 40% less than funerals with burials." As of 2022, the aquamation process, also known as alkaline hydrolysis, is legal in 24 states and legislation to legalize it is circulating in several other states. But while these two innovative funeral homes offer their price lists on their websites, they are not required to. The potential rule change is also being monitored by the Funeral Consumers Alliance, which has been pushing for the change for decades.

Persons: Jack Mitchell, cremation's, Mitchell, Sara Williams, Hunter Beattie, Beattie, aquamation, Spade, that's, We're, Williams Organizations: Service, Federal Trade Commission, Director's, Public Religion Research Institute, Kaiser Family Foundation, Census Bureau, Consumers Alliance, Directors, FTC Locations: Wall, Silicon, North Carolina, aquamation, Washington

☆ Europe stocks open lower as momentum wanes; Richemont down 8%
▼ + stars: | 2023-07-17 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Household goods stocks were 1.95% lower, as insurance nudged 0.2% higher. The Stoxx gained 2.94% last week, according to Eikon data, its strongest week since March. Investors will be assessing gross domestic product figures from China, which came in at 6.3%, lower than economists expected. Luxury Swiss retailer Richemont fell 8.6% Monday morning after its sales figures showed a slowdown in U.S. demand, though a significant rebound in Asia. Asia-Pacific markets are lower, while U.S. stock futures are down slightly.

Persons: Morgan Stanley, Tesla Organizations: Federal Reserve, Investors, Novartis, Ocado, juggernauts Bank of America, Netflix, United Airlines, IBM, Luxury, Richemont Locations: United States, China, ASML, Europe, Asia, Pacific

“The companies have refused to meaningfully engage on some topics and on others completely stonewalled us,” Ms. Drescher said in a statement. “Until they do negotiate in good faith, we cannot begin to reach a deal.”It would be the first time that actors and screenwriters were on strike at the same time since 1960, when Marilyn Monroe was near her peak. “We are deeply disappointed that SAG-AFTRA has decided to walk away from negotiations,” the Alliance of Motion Picture and Television Producers, which bargains on behalf of Hollywood companies, said in a statement. Many of the actors’ demands mirror those of the writers, including higher wages, increased residual payments (a type of royalty) from streaming services and aggressive guardrails around the use of artificial intelligence to preserve jobs. Guild leadership also wants new regulations regarding self-taped auditions, a pandemic phenomenon that has resulted in significantly fewer live casting sessions.

Persons: ” Ms, Drescher, Marilyn Monroe, AFTRA Organizations: Disney, Universal, Sony, Paramount, Netflix, Apple, SAG, Alliance, Television Producers, Hollywood

Many of the actors’ demands mirror those of the writers, whose own strike had already brought many productions to a halt. Actors and screenwriters have not been on strike at the same time since 1960, when Marilyn Monroe was still near her peak. The first distress signal for the studios came in early June when roughly 65,000 members of the actors’ union — nearly 98 percent of voters — backed authorizing a strike. The actors’ walkout would provide additional support to the striking writers, who have been walking picket lines for more than 70 days. Read more about the writers’ strike.

Persons: Brooks Barnes, John Koblin, ’, Marilyn Monroe, Meryl Streep, John Leguizamo, Jennifer Lawrence, Constance Wu, Ben Stiller, ”, Fran Drescher, ” Ms, Drescher, “ Organizations: SAG, Disney, Universal, Sony, Paramount, Netflix, Apple, —, Alliance, Television Producers, Writers Guild of America Locations: California

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