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☆ Waymo's robotaxis are better than some San Francisco drivers
▼ + stars: | 2024-07-07 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +11 min

Waymo's autonomous driver is pretty damn smart, and aside from a few hesitations, the robotaxi offers a smooth, comfortable experience with competitive pricing against other ride-hailing apps. Lloyd Lee/Business InsiderWaymo's 5th generation autonomous driver could be best described as a safe but not an annoyingly cautious driver. It did the same thing to give itself more room when it detected a large parked bucket truck slightly in Waymo's lane. The expectation I had that the Waymo driver would be stiff, as the term "robot taxi" might suggest, was dispelled throughout the rides. The spokesperson said it's also possible I failed to notice something the Waymo car picked up.

Persons: —, San Francisco —, Uber, Lloyd Lee, Spokespeople, Lyft, Andrew Macdonald, Uber's, Waymo, Waymo's, BI's Peter Kafka, it's Organizations: Service, Business, Financial, SF, PACE, Jaguars Locations: San Francisco, Los Angeles, Austin, Pine

☆ I flew on a major airline's Pokémon-themed plane. The unforgettable experience didn't cost extra — and it came with souvenirs.
▼ + stars: | 2024-07-07 | by ( Andrew Chen | ) www.businessinsider.com time to read: +1 min

During my flight on the Pikachu Jet NH, I found themed music, cups, and crew uniforms. The special onboard touches and free souvenirs made it a unique and memorable flight. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But amid Boeing delivery delays and high operating costs, some airlines may just have a leg up because of fun collaborations and unique flights. By partnering with Pokémon Air Adventures, major Japanese airline All Nippon Airways (ANA) offers themed flights only a few airlines have.

Persons: — Organizations: All Nippon Airways, Service, Pokémon, ANA, Business Locations: Taipei, Tokyo

☆ Why you’re seeing lots of teens at work this summer — but still so many empty lifeguard chairs
▼ + stars: | 2024-07-06 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +8 min

New York CNN —Your kid’s summer camp is likely fully staffed. The shift is a refreshing change after the pandemic drove many teens away from working during their summer breaks. “Now I’m seeing parents pushing their kids to work again,” said Pritikin, who employs around 350 staff members each summer. Ten years ago, high school-aged camp staff made around $1,000 for an entire summer. Lifeguards prepare for the opening of the Astoria Pool in the New York City borough of Queens on June 27, 2024.

Persons: They’re, ”, Paul Harrington, That’s, it’s, Eric Brotherson, “, Brotherson, he’s, Andy Pritikin, Pritikin, weren't, Frank Burkhauser, Harrington, ” Andrew Challenger, Joshua A . Bickel, Eric Adams, Spencer Platt, Gregg McQueen, We’ll, ” McQueen, Adams, Tom Gill, ” Gill Organizations: New, New York CNN, Rhode Island College, Glenwood, Colorado Rockies, Liberty, Challenger, YMCA Camp Kern, American Lifeguard Association . New, New York City, CNN, United States Lifesaving Association, “ Lifeguard Locations: New York, Glenwood, Glenwood Springs , Colorado, rollercoasters, Liberty Lake, Bordentown, Mansfield Township , New Jersey, Oregonia , Ohio, American Lifeguard Association . New York City, New York City, Queens

☆ Beryl moves into the Gulf of Mexico after battering Mexico’s Yucatan Peninsula, takes aim at Texas
▼ + stars: | 2024-07-06 | by ( ) www.cnbc.com time to read: +5 min

Beryl moved into the the Gulf of Mexico Friday and took aim at the south Texas coast after battering Mexico's Yucatan Peninsula. Texas officials issued disaster declarations and urge coastal residents to prepare as the storm headed their way. The storm's center Friday afternoon was in the Gulf just off Mexico, about 615 miles (995 kilometers) southeast of Corpus Christi, Texas. Some Texas counties have already issued voluntary evacuation orders in low-lying areas, and Texas officials urged coastal residents to prepare. Beryl spread destruction in Jamaica, St. Vincent and the Grenadines, and Barbados this week.

Persons: Beryl, Tulum, Gov, Dan Patrick, Patrick, Nim Kidd, Storm Alberto, Vincent, Laura Velázquez, Beryl hadn't, Balcaza, Lara Marsters, Andrew Holness, Hurricane Beryl, St Elizabeth, Baga Organizations: U.S, National Hurricane Center, Texas, Storm Locations: Mexico, Texas, Yucatan Peninsula . Texas, Corpus Christi , Texas, Gulf, Rio Grande, Corpus Christi, Northeastern Mexico, Jamaica, St, Grenadines, Barbados, Grenada, Venezuela, Boise , Idaho, Yucatan

Even so, four sources close to the Biden family said there is no active effort to shake up staffing right now. Hunter Biden's appearance in White House meetings this week was just one instance of what is expected to be the deeper Biden family involvement. From the view of some Biden aides, the family is seizing on an opportunity to try to settle old scores. President Joe Biden's family is attempting to become more involved over his campaign and White House affairs as their anger with his staff spills into public view. Hunter Biden's stepped-up involvement has confounded some White House staff members and revived a longtime sore spot.

Persons: Biden, Anita, Bob, Jeff Zients, Anita Dunn, Bob Bauer, Hunter, Valerie Owens, Joe Biden's, Joe Biden, Jill Biden, Francis S, Ron Klain, It's, Hunter Biden's, Bauer, Dunn, Hunter Biden, Michael LaRosa, LaRosa, Andrew Bates, Donald Trump, Bauer haven't, Almighty's Organizations: White, White House, ABC, Biden, NBC, Air Force, Gabreski, Union, Yale, Camp David, Democratic Party, Trump Locations: White, Washington, Westhampton Beach , New York, Delaware

☆ These stocks, including Nvidia, have more room to run in July, Bank of America says
▼ + stars: | 2024-07-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +4 min

Bank of America said this week that a slate of stocks is poised for upside as the summer heats up. CNBC Pro combed through Bank of America's research to find buy-rated stocks that are too attractive to ignore. Carnival Carnival is coming off better-than-expected earnings in late June. Bank of America analyst Andrew Didora said in a recent note that this bodes well for the stock in the months ahead. Palantir "We're still in the early innings of AI adoption and expect Palantir (PLTR) to continue to see significant upside from this trend.

Persons: Andrew Didora, Didora, Jason Kupferberg, Kupferberg, Mariana Perez Mora, Palantir, Mora, We're Organizations: of America, Nvidia, CNBC, Bank of, Palantir Technologies, Bank of America, CCL, Palantir, U.S . Department of Defense, Blackwell, …

☆ Market shows economy 'slowing, not breaking,' says Morgan Stanley's Andrew Slimmon
▼ + stars: | 2024-07-05 | 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 EmailMarket shows economy 'slowing, not breaking,' says Morgan Stanley's Andrew SlimmonAndrew Slimmon, senior portfolio manager at Morgan Stanley Investment Management; Stephanie Roth, chief economist at Wolfe Research; and CNBC’s Steve Liesman join 'The Exchange' to discuss market outlooks, expectations from the Fed, and more.

Persons: Morgan Stanley's Andrew Slimmon Andrew Slimmon, Stephanie Roth, Steve Liesman Organizations: Morgan Stanley Investment Management, Wolfe Research

☆ Watch CNBC's full interview with Morgan Stanley's Andrew Slimmon and Wolfe Research's Stephanie Roth
▼ + stars: | 2024-07-05 | 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 EmailWatch CNBC's full interview with Morgan Stanley's Andrew Slimmon and Wolfe Research's Stephanie RothAndrew Slimmon, senior portfolio manager at Morgan Stanley Investment Management; Stephanie Roth, chief economist at Wolfe Research; and CNBC’s Steve Liesman join 'The Exchange' to discuss market outlooks, expectations from the Fed, and more.

Persons: Morgan Stanley's Andrew Slimmon, Wolfe Research's Stephanie Roth Andrew Slimmon, Stephanie Roth, Steve Liesman Organizations: Morgan Stanley Investment Management, Wolfe Research

☆ Election Live Updates: Embattled Biden Hits Trail and Sits for Crucial Interview
▼ + stars: | 2024-07-05 | by ( Nicholas Nehamas | ) www.nytimes.com time to read: +7 min

But Mr. Biden told the governors, some of whom were at the White House while others participated virtually, that he was staying in the race. Josh Green of Hawaii, a physician, asked Mr. Biden questions about the status of his health, Mr. Biden replied that his health was fine. Image Democratic governors left the White House after meeting with Mr. Biden on Wednesday. Mr. Biden told a Milwaukee radio station in an interview made public Wednesday that he had “a bad night.” In the prerecorded interview with the radio host Earl Ingram, Mr. Biden added, “The fact of the matter is that I screwed up. A White House spokesman, Andrew Bates, confirmed that Mr. Biden had seen the White House physician to check on the cold.

Persons: Biden, Donald J, Trump, Biden’s, Mr, Josh Green of, It’s, Kathy Hochul, Jen O’Malley Dillon, O’Malley Dillon, ” Kevin Munoz, Bush, Obama, Joe Biden, Donald Trump, Doug Mills, —, J.B . Pritzker, Jared Polis of, Janet Mills of, Michelle Lujan Grisham, Mills, Lujan Grisham, Maura Healey, Jeff Zients, irretrievable ”, ”, Earl Ingram, White, Andrew Bates, Karine Jean, Pierre Organizations: New York Times, White, Gov, Democratic, ., Illinois, Jared Polis of Colorado, White House, Politico, House Locations: Josh Green of Hawaii, New York, Janet Mills of Maine, New Mexico, Massachusetts, Milwaukee

☆ Andrew Tate can leave Romania but must remain in EU before trial, court rules
▼ + stars: | 2024-07-05 | by ( Benjamin Brown | ) edition.cnn.com time to read: +2 min

CNN —Andrew Tate, a self-proclaimed misogynist influencer, can leave Romania but must remain within the European Union as he awaits trial on charges of human trafficking and rape, a Romanian court ruled Friday. The ruling by a court in the Romanian capital of Bucharest means Tate, his brother Tristan and two further defendants may travel freely within the EU until their trial, according to CNN affiliate and Romanian outlet Antena 3. A spokesperson for the Tate brothers called the ruling a “significant victory and a major step forward” in their ongoing case. In April, a Bucharest court ruled that the case against the brothers on charges of human trafficking and rape could proceed to trial. Romanian prosecutors alleged the Tate brothers seduced victims, by falsely claiming they wanted a relationship or marriage with them.

Persons: Andrew Tate, misogynist influencer, Tristan, Tate, Andrew, ” “, … I’m, SF90, MC20, ” Organizations: CNN, Union, Tate Locations: Romania, Romanian, Bucharest, Italy, Cannes, Paris

☆ Viktor Orban Meets Vladimir Putin, Dismaying E.U.
▼ + stars: | 2024-07-05 | by ( Anton Troianovski | Andrew Higgins | ) www.nytimes.com time to read: +1 min

Prime Minister Viktor Orban of Hungary met with President Vladimir V. Putin at the Kremlin on Friday, a rare trip to Russia by a Western leader and one that quickly stirred consternation in the European Union. Mr. Orban made the trip three days after visiting President Volodymyr Zelensky of Ukraine in Kyiv, the Ukrainian capital. And it was the same week that Hungary took over the European Union’s rotating presidency, prompting other European leaders to quickly declare that Mr. Orban was not representing them in Moscow. Mr. Putin and Mr. Orban met for more than two hours, but there were no signs that the talks had done anything to influence Mr. Putin. The Hungarian leader appeared to acknowledge as much, telling reporters afterward that the positions of Kyiv and Moscow “are very far apart.”

Persons: Viktor Orban, Vladimir V, Putin, Mr, Orban, Volodymyr Zelensky, Zoltan Kovacs, ” Organizations: European Union Locations: Hungary, Russia, Ukraine, Kyiv, Ukrainian, Moscow, Hungarian, Moscow “

☆ The voice scam call portrayed in 'Thelma' is real and an increasing threat in the age of AI
▼ + stars: | 2024-07-05 | by ( Genna Contino | ) www.cnbc.com time to read: +3 min

Courtesy: Magnolia PicturesScammers exploit 'fear and urgency'Scams like the one Thelma fell victim to are increasingly common, experts say. Typically, AI voice scams mimic distress calls. The common denominator is that it's coming from someone you care about who needs money "fast." A 2023 survey from McAfee found that 25% of adults have experienced a similar AI voice scam — and the company says 77% of victims have lost money as a result. But older adults aren't the only ones at risk; younger people who spend more time online are increasingly vulnerable, CFP Andrew Sivertsen said.

Persons: THELMA, Thelma, Carolyn McClanahan, McAfee, McClanahan, CFP Andrew Sivertsen, millennials, Margolin Organizations: Magnolia Pictures, McAfee, Partners, CNBC's, CFP, Planning Locations: Jacksonville , Florida, United States, Moline , Illinois

☆ Demands in the Middle East risk leaving an aircraft carrier-sized hole in US naval power in the Western Pacific
▼ + stars: | 2024-07-05 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

The only US carrier in the area is on its way to the Middle East following a series of military drills in the Pacific. Sailors conduct flight operations on the deck of the aircraft carrier USS Theodore Roosevelt near Indonesia. The Theodore Roosevelt (CVN 71), a nuclear-powered aircraft carrier is anchored in Busan, South Korea. The aircraft carrier Shandong and a Chinese amphibious assault ship conducted an exercise in the South China Sea earlier this week. AdvertisementLately, China has also ramped up altercations with the Philippines in contested waters in the South China Sea.

Persons: —, Theodore Roosevelt Carrier, Vladimir Putin, Kim Jong Un, Roosevelt, Gerald R, Dwight D, Eisenhower, Theodore Roosevelt, Navy Petty, Andrew Benvie, Ronald Reagan, Carl Vinson, Song Kyung Organizations: Service, US Navy, Business, Theodore Roosevelt Carrier Strike Group, North, South Korean, Nimitz, Ford, Navy, Pentagon, Western Pacific, USNI News, Information, AP, South China, Coast Guard Locations: China, South Korea, Japan, North Korea, Gulf of Aden, Israel, Indonesia, Pacific, Russia, Philippines, Western, Eastern Pacific, Hawaii, Philippine, Busan, Shandong, South, Soviet, Liaoning, China's, Fujian, Beijing, South China

King Charles III takes part in the Ceremony of the Keys on the forecourt of the Palace of Holyroodhouse in Edinburgh, Scotland on July 2. Andrew Milligan/WPA Pool/Getty ImagesYou may have noticed King Charles III hasn’t been out and about quite as much over the last six weeks and it’s not for the reason you think. As this is the first general election of Charles III’s reign, there may have been a desire from within the institution to emphasize this. First off, the PM informed King Charles of his decision to call for a general election. That’s because the day after a general election, the monarch invites the leader of the party that won the most seats in the House of Commons to Buckingham Palace.

Persons: King Charles III, Andrew Milligan, King Charles III hasn’t, it’s, Rishi Sunak, Buckingham, Charles III’s, King Charles, King, Charles Organizations: Buckingham Palace, “ Holyrood Locations: Holyroodhouse, Edinburgh, Scotland, London, Buckingham

☆ The UK is expecting to get a new prime minister — one that Obama has been mentoring for months
▼ + stars: | 2024-07-04 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +9 min

AdvertisementKitty Donaldson, a political journalist in the UK, told Business Insider that this interview marked a turning point in Starmer's public display of emotion. Obama could advise Starmer on how to deal with TrumpObama's and Starmer's relationship is likely to continue if Starmer wins the election on Thursday. Speaking to Politico's Power Play Podcast in September, Starmer said Obama was the US president that he spoke to "most frequently." Packer said Obama and Starmer's relationship made sense, given the decadeslong ties between the UK's Labour Party and the US Democratic Party. Meanwhile, Donaldson suggested Starmer may seek advice from Obama on dealing with Donald Trump, if the former president is reelected in November.

Persons: —, Keir Starmer, Starmer, Jill Rutter, He's, Rishi Sunak, Goldman Sachs, Akshata Murty, Narayana Murty, Barack Obama, Obama, David Lammy, Lammy, Keir, Kitty Donaldson, Donaldson, it's, Tom Packer, Packer, Donald Trump, Trump, Biden, Andrew Harnik, Stormy Daniels, … Organizations: Service, leftwing Labour Party, Conservative Party, Business, New York Times, UK's, Labour, Infosys, Sunday Times, Politico, Black, Harvard University, Sunak, Telegraph, Minas Panagiotakis, Sky News, University College London, Trump, Guardian, UK's Labour Party, US Democratic Party, BBC Radio Locations: Britain, London, England, Wales, Minas, Europe

☆ Live Updates: U.K. Votes in Election That Could Drive Conservatives From Power
▼ + stars: | 2024-07-04 | by ( Mark Landler | ) www.nytimes.com time to read: +8 min

Polls have predicted that the election could be a major turning point, with the center-left Labour Party expected to unseat the right-wing Conservative Party, possibly with a crushing landslide. Credit... Andrew Testa for The New York TimesImage Portsmouth town center. Credit... Andrew Testa for The New York TimesImage England flags and election posters for the Reform U.K. candidate on Kingston Road, Portsmouth. Credit... Andrew Testa for The New York TimesSome formerly stalwart Conservative supporters said they were rethinking their vote. But others defended the Conservative Party.

Persons: “, ”, Sam Argha, Andrew Testa, Penny Mordaunt, King Charles III, Ms, Mordaunt, Liberal Democrats —, Grahame Milner, Milner, Mr, Tracy Patton, It’s, Daisy Quelch, Kiran Kaur, Quelch, Margaret Thatcher, Nigel Farage, Andrew Revis, Kerry Harris, Shanice Bakes, gestured, Harris Organizations: Conservative, Labour Party, Conservative Party, Portsmouth, The New York Times, The New York, Labour, Liberal Democrats, Conservatives, Navy, Residents, National Health Service, European Union, Reform, Reform U.K Locations: Portsmouth, strollers, Britain, England, Southsea, Dixie’s, Kingston, Credit, Ukraine, Iceland

☆ Why the 'Beverly Hills Cop" director chose to film an actual car falling off a building over using CGI: 'The stakes are real, and the danger is real.'
▼ + stars: | 2024-07-04 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. (Though doing this stunt for real was fun, Molloy pointed out Paige was not in the car when that stunt was filmed. That was a real helicopter going through the streets of LA. The sequence concludes with the chopper landing not so gracefully in front of the Beverly Hills Town Hall. "Beverly Hills Cop: Axel F" is now available on Netflix.

Persons: —, Mark Molloy, Axel F, Molloy, Jerry Bruckheimer, Jerry, Andrew Cooper, Eddie Murphy, Bruckheimer, Murphy, Axel Foley's, Jane, Taylour Paige, Zola, Paige, it's, Foley, Detective Abbott, Joseph Gordon, Levitt, Grant, Kevin Bacon, Gordon Organizations: Service, Business, Netflix, Beverly, Safety, Town Locations: Australia, Detroit, Los Angeles, LA

☆ Universal basic income has gone from utopian vision to economic reality. Here's what you need to know about UBI.
▼ + stars: | 2024-07-04 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +8 min

Read previewUniversal basic income has made giant strides from its origins as a utopian vision toward becoming economic reality. Basic income trials have been conducted in countries as varied as Kenya, Finland, India, and Canada. Proponents of UBI say it reduces poverty, strengthens the social safety net, promotes health and happiness, and combats the stigma around welfare. Basic income recipients in a Finnish trial reported higher life satisfaction, improved health, and lower levels of depression and loneliness. An open questionUniversal basic income remains a largely theoretical idea that could have significant — and unpredictable — impacts on wealth inequality, human welfare, labor markets, and entire economies.

Persons: —, Tesla's Elon Musk, Robert Reich, Juan Luis Vives, they'd, Thomas Paine, Martin Luther King Jr, Milton Friedman, Sen, Bernie Sanders of, technocrat Andrew Yang, Sam Altman, Bernie Sanders, Kevin Dietsch, Dave Ramsey, Karl Marx playbook, that's, Jack Kellam, MrBeast, Jeff Cheatham, Douglas MacKay, Chapel Hill, Karl Widerquist, Kellam, stigmas Organizations: Service, Labor, Business, Autonomy, UNC, Chapel, Georgetown University, Qatar Locations: Kenya, Finland, India, Canada, Spanish, Bernie Sanders of Vermont, Uganda

☆ White House now says Biden was seen by his doctor days after debate
▼ + stars: | 2024-07-04 | by ( Mj Lee | ) edition.cnn.com time to read: +2 min

CNN —President Joe Biden was examined by his physician in the days following last week’s CNN presidential debate, the White House tells CNN — despite the White House press secretary having said Wednesday that the president has had no medical exams since his February physical. “Several days later, the president was seen to check on his cold and was recovering well,” White House spokesman Andrew Bates said. Questions about Biden’s fitness for office and ability to seek a second term have swirled since his stunningly halting debate performance at last week’s CNN presidential debate. The White House and campaign have insisted the president is not considering ending his campaign. Jean-Pierre did not mention travel fatigue and jet lag as factors for Biden’s poor debate performance in Tuesday’s White House briefing.

Persons: Joe Biden, CNN —, Andrew Bates, Karine Jean, Pierre, Biden, Jean, Donald Trump –, ” Organizations: CNN, House, White House, White, Wednesday, Politico, Democratic

☆ Opinion: Our disaster responders are exhausted. That puts Americans at risk
▼ + stars: | 2024-07-04 | by ( Opinion Pete Gaynor | ) edition.cnn.com time to read: +11 min

However, we have a growing problem: Our unsung American heroes are worn out — and some are even leaving the disaster response workforce. Estimates of the depression rate among disaster response and rescue workers are as high as 53%, according to the National Center for PTSD. As citizens, we have a duty to conserve our vital and limited public safety resources, such as emergency management personnel. By minimizing non-essential requests, we enable our disaster responders to more swiftly and effectively act during ongoing crises. On our worst days, we need disaster responders at their best.

Persons: Pete Gaynor, I’ve, Pete Gaynor Pete Gaynor, We’ve, ” Pete Gaynor, Hurricane Florence, Andrew Caballero Organizations: Federal Emergency Management Agency, FEMA, Department of Homeland Security, Hill International, CNN, Government, Office, GAO, National Center, Emergency Management, Missouri, Reynoolds, Getty, National Centers for Environmental, Twitter, Facebook Locations: Paradise , California, Hurricane, Lealand , North Carolina, AFP

☆ Popular weight loss and diabetes drugs linked to increased risk of rare form of blindness
▼ + stars: | 2024-07-03 | by ( Deidre Mcphillips | ) edition.cnn.com time to read: +6 min

CNN —People who take Ozempic or Wegovy may have a higher risk of developing a rare form of blindness, a new study suggests. The condition is relatively rare — up to 10 out of 100,000 people in the general population may experience it — but the doctors noted three cases in one week, and each of those patients was taking semaglutide medications. The risk was found to be greatest within the first year of receiving a prescription for semaglutide. Semaglutide prescriptions have soared in the US, which could raise the number of people at risk for a potential side effect. But the large number of people who are taking semaglutide should raise confidence that the absolute risk of developing NAION as a result is rare.

Persons: ”, Joseph Rizzo, ” Susan Mollan, Disha, Dr, Sanjay Gupta, Chanapa, Andrew Lee, ” Narang Organizations: CNN —, Mass, Novo Nordisk, CNN, Harvard Medical School, ”, University Hospitals Birmingham, Endeavor Health, CNN Health, US Food and Drug Administration, FDA, American Academy of Ophthalmology, Houston Methodist Hospital Locations: Chicago

☆ Biden tells ally he's weighing whether to stay in the race: Reports
▼ + stars: | 2024-07-03 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

U.S. President Joe Biden reacts, as he meets with Iraqi Prime Minister Mohammed Shia al-Sudani (not pictured) in the Oval Office at the White House in Washington on April 15, 2024. The unnamed ally said Biden is still invested in the reelection fight, but he is aware that his upcoming public appearances must go well after his devastating presidential debate with Trump last week. Later on Wednesday, CNN reported that Biden had acknowledged his perilous position in a similar conversation with an ally. He's clear-eyed," that ally told CNN. "If the New York Times had provided us with more than 7 minutes to comment we would have told them so."

Persons: Joe Biden, Mohammed Shia, Donald Trump, Biden, Andrew Bates, Bates Organizations: Iraqi, White, New York Times, Trump, Times, CNN, CNBC, NBC News Locations: Washington

☆ Is inflation Biden's or Trump's fault? The answer isn't so simple, economists say
▼ + stars: | 2024-07-03 | by ( Greg Iacurci | ) www.cnbc.com time to read: +8 min

"He caused the inflation," Trump said of Biden during the June 27 debate. "He decimated the economy, absolutely decimated the economy," Biden said. 'Neither Trump nor Biden is to blame'Global events beyond Trump's or Biden's control wreaked havoc on supply-and-demand dynamics in the U.S. economy, fueling higher prices, economists said. "In my view, neither Trump nor Biden is to blame for the high inflation," said Mark Zandi, chief economist at Moody's Analytics. For example, Trump imposed tariffs on imported steel, aluminum and several goods from China, which Biden largely kept intact.

Persons: Donald Trump, Joe Biden, Andrew Harnik, Trump, Biden, David Wessel, Mark Zandi, Mario Tama, Wessel, Zandi, Stephen Brown, —, Michael Strain, Strain Organizations: Getty, Federal Reserve, Biden, Trump, Hutchins, Brookings Institution, Finance, Social Security, Medicare, Moody's, Port, International Monetary Fund, North, Capital Economics, American, American Enterprise Institute, Federal, U.S Locations: Atlanta, U.S, Ukraine, China, Port of Los Angeles, San Pedro , California, North America, It's

☆ This fund manager beating the market is betting AI stocks like Micron will outperform again in second half
▼ + stars: | 2024-07-03 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

The second half of the year is underway, and investor Andrew Graham thinks technology stocks will continue to lead the market higher. Investors have debated whether technology stocks can sustain their lofty gains, or if the market rally is due to broaden. The investor likes semiconductor names such as Nvidia and Micron , which he said should benefit from the ongoing memory cycle. MU YTD mountain MU year to date Outside of tech, Graham favors industrials, which are adjacent to the AI theme. The portfolio manager also has positions in NextEra Energy , which he thinks is primed to capitalize on AI.

Persons: Andrew Graham, Graham, —, industrials, that's, Eli Lilly, Capital's Organizations: Nvidia, Investors, Jackson, Capital, CNBC, Micron, MU, Arista, Dell, Arm Holdings, Broadcom, NextEra Energy Locations: Eaton, Graham, U.S

☆ AI data centers could add 3 New York Cities of demand to the power grid in 2 years
▼ + stars: | 2024-07-03 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +6 min

So far, the only part of Earth AI seems hell-bent on dominating is the power grid. AI data centers are doubling the pace of electricity demand growth in the US to the extent that demand could exceed supply in just two years without action, according to Bernstein Research. The potential shortfall could mean higher prices for the computing power AI developers of all sizes are clamoring for, along with ample opportunity for investors willing to build up supply. How are AI companies planning aheadIt's not just the total power needed for AI computing infrastructure, it's the unique cadence of the power need and the cooling AI chips require. Amazon is clearing some of these hurdles by colocating some data centers with nuclear power sites.

Persons: —, that's, catchup, Bernstein, Jensen Huang, Huang, Agrawal, we're, Andrew Feldman, Feldman Organizations: Service, Bernstein Research, Business, Nvidia, Vertiv, Lambda, Cerebras Systems Locations: UAE, South Africa, Kenya, Nigeria, Egypt, Iceland

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