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Hardware is Wall Street's new favorite bet
  + stars: | 2024-06-17 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +7 min
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at the Apple-Google partnership that shows why hardware has become Wall Street's new favorite bet . The big storyHardware is hotGetty Images; Chelsea Jia Feng/BISoftware may still eat the world, but only with the help of some serious hardware. But generative AI has put a considerable spotlight on a less sexy part of tech: hardware. That's playing out in the stock market, where hardware tech stocks have outperformed software tech stocks by 30 percentage points this year , writes BI's Matthew Fox.
Persons: , Chelsea Jia Feng, Marc Andreessen's, Hugh Langley, That's, BI's Matthew Fox, it's, Steve Schwarzman, Jon Gray, Brian Ach, Tyler Le, Andy Sieg, Merrill Wealth, Dan Sundheim, Chris Tuite, Trump, Elon Musk, hasn't, Jimmy Simpson, they're, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Annie Smith, Amanda Yen Organizations: Service, Elon, Apple, Business, Apple Intelligence, OpenAI, Google, Microsoft, Amazon, Oracle, Street, Nvidia, Broadcom, Blackstone, Merrill, D1 Capital, YouTube, Netflix, BI, Cannes Lions, advertising's Locations: That's, New York, London
Jennifer Esposito was so passionate about getting her latest film done that she mortgaged her house to help finance it. So I'm going to put my money down," Esposito says. It's a film that Esposito said many people didn't believe in and even offered her money to step away from directing it. The film premiered at the 2023 Tribeca Film Festival and the Red Sea International Film Festival. At the 76th annual Cannes Film Festival, Costner spoke to the Associated Press about the decision and why he doesn't regret it.
Persons: Jennifer Esposito, Annabella Sciorra, Domenick Lombardozzi, Esposito, I've, It's, Esposito isn't, Kevin Costner, Neilson Barnard, Costner Organizations: Hollywood, Odessa A'zion, KTLA, Red Sea, Getty, Cannes Film, Associated Press Locations: Staten, Odessa, California
This week I finally got to see “The Apprentice,” an absorbing, disturbing movie about the relationship between the red-baiting mob lawyer Roy Cohn and a young Donald Trump. The “Succession” star Jeremy Strong captures both Cohn’s reptilian menace and, eventually, his pathos, as he’s wasted by AIDS but, closeted to the end, refuses to admit it. Just as impressive is Sebastian Stan, who makes Trump legible as a human being rather than the grotesque hyperobject we all know today. It’s not a sympathetic portrayal, exactly; this is, after all, a movie that depicts Trump raping his first wife, Ivana. I wish you could see it.
Persons: Roy Cohn, Donald Trump, Trump, Jeremy Strong, Sebastian Stan, Ivana, Ivana Trump, , , Cohn, Joseph McCarthy — Organizations: Cannes, Trump, Manhattan’s Locations: Midtown
Read previewArtificial intelligence is expected to be the topic du jour at Cannes Lions this week, when the ad industry descends on the French Riviera for its annual shindig in the sun. Businesses are exploring how they can use AI to perform tasks like copywriting, research, and automating their ad campaigns. A Cannes Lions spokesperson said the festival is expecting 12,000 delegates, though many more ad execs and vendors forgo the official festivities to hobnob at the fringe events. Cannes Lions has set its own rules around AI. "Those who will win will figure out the right mix of AI plus the right influencers plus the right concepts," MediaLink's Wagman said.
Persons: , there's, Klarna, Wayne Levings, Mark Wagman, Wagman, Jessica Apotheker, Apotheker, Scarlett Johansson, David Droga, Mira Murati, Vidhya Srinivasan, Alexander Chen, Greg James, Publicis, Anthony Yell, Razorfish, Yell, BCG's Apotheker, Queen Latifah, Lando Norris, John Legend, Chrissy Teigen, Deepak Chopra, Jason, Travis Kelce, Lenny Kravitz, Janelle Monáe, MediaLink's Wagman Organizations: Service, Cannes Lions, Lions, Business, Cannes, United Talent Agency, Google, Microsoft, Adobe, Boston Consulting Group, Palais, Accenture, OpenAI, Google Creative, North America, Publicis Groupe, influencers Locations: Americas, MediaLink, Cannes
Elon Musk, who has a ... complicated relationship with advertisers, is going to appear at a big ad conference. It's pretty standard for tech companies to court advertisers at the Cannes Lions event in France. AdvertisementLast fall Elon Musk told advertisers to go fuck themselves. Maybe he has a different message now: The man who bought Twitter, turned it into "X," and saw his advertising revenue plummet, is heading to the Cannes Lions ad summit in France next week. WPP, one of the world's biggest ad companies, said Musk will appear at an event with WPP CEO Mark Read on June 18.
Persons: Elon Musk, , Mark Read Organizations: Cannes Lions, Service, Twitter, WPP Locations: France
The first time that Francis Ford Coppola had a movie in competition at the Cannes Film Festival was in 1967. Coppola made it while he was in film school at the University of California, Los Angeles, and it became his master’s thesis project. A month after the festival, he began directing his first big-budget studio film, “Finian’s Rainbow.” It flopped. He then poured some of his savings into a low-budget studio movie, “The Rain People.” It flopped. Even at Cannes, where the word “art” is used without embarrassment, money keeps an iron grip on both minds and movies.
Persons: Francis Ford Coppola, Coppola, ” Coppola, It’s, Twixt ”, Adam Driver Organizations: Cannes Film, University of California, Cannes Locations: Los Angeles
Anant Ambani and Radhika Merchant hosted more pre-wedding parties on a luxury cruise and in Italy. Katy Perry, The Backstreet Boys, and Pitbull performed, clips circulating online showed. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Along with his fiancée, Radhika Merchant, Anant Ambani threw yet another star-studded bash ahead of their nuptials in July — this time on a luxury cruise. Pop star Katy Perry performed some of her hit singles, including "Firework," on Friday in Cannes, with clips circulating online.
Persons: Anant Ambani, Radhika Merchant, Katy Perry, Pitbull, Andrea Bocelli, , Mukesh Ambani Organizations: Boys, Service, Business Locations: Italy, Portofino, Cannes
Margot Benacerraf, a critically acclaimed Venezuelan documentary filmmaker whose hypnotic “Araya,” a visual tone poem chronicling the daily lives of salt workers on an austere peninsula on her country’s coast, shared the critics’ prize at the 1959 Cannes Film Festival, died on Wednesday in Caracas. Her death was announced by the country’s culture minister. Hailed as a major figure of Latin American cinema, Ms. Benacerraf founded Venezuela’s national cinematheque and in 2018 was given the Order of Francisco de Miranda, honoring outstanding merit in the sciences and humanities, by the country’s president, Nicolás Maduro. But although Ms. Benacerraf was celebrated, she was not prolific. She made only two films in her career: “Reverón” (1952), a 23-minute documentary short about the reclusive later years of the Venezuelan artist Armando Reverón, and “Araya,” her sole feature-length work.
Persons: Margot Benacerraf, Araya, , Benacerraf, Francisco de Miranda, Nicolás, , Armando Reverón, “ Araya Organizations: Venezuela’s, cinematheque Locations: Venezuelan, Caracas
Spotify raises prices of premium subscription plans
  + stars: | 2024-06-03 | by ( Ashley Capoot | In | ) www.cnbc.com   time to read: +1 min
Spotify announced on Monday it is increasing the cost of its premium subscription plans in the U.S., marking the Swedish music-streaming company's second price hike in a year. U.S. Spotify users will be notified about the new change to their subscription over the next month. A "Duo" plan will cost $16.99, and a "Family" plan will cost $19.99. In July 2023, Spotify increased the price of its Individual offering to $10.99. It also increased the prices of its Duo plan, Family plan and Student offering to $14.99, $16.99 and $5.99, respectively.
Persons: Daniel Ek Organizations: Spotify, Cannes Lions Locations: Cannes, France, U.S
Read previewSupermodels Gigi and Bella Hadid have donated a combined $1 million to aid groups supporting Palestinians in the Gaza Strip, Bella Hadid's agent has said. The sisters, whose father is the Palestinian real-estate developer Mohamed Anwar Hadid, have previously voiced their support for those affected by the conflict in Gaza. "While I have hopes and dreams for Palestinians, none of them include the harm of a Jewish person," it added. Roughly 1,200 people were killed in Israel during the attacks, and around a further 240 were taken hostage in Gaza. More than 36,000 Palestinians have died in the following conflict in Gaza, according to the territory's Hamas-run health ministry.
Persons: , Gigi, Bella Hadid, Bella, Mohamed Anwar Hadid, Mohamed Hadid, Joe Biden, Arnold Jerocki, Biden Organizations: Service, Bella, Palestine Children's Relief, United Nations Relief, Works Agency, Business, UN, Cannes, Hamas Locations: Gaza, Palestine, Palestinian, Israel, Bella, Gazan, Rafah, Tel Aviv
On the final day of Donald Trump’s hush money criminal trial — in which a jury found the former president guilty on all 34 counts of falsifying business records — Emily Ratajkowski was spotted wearing a not-so-subtle statement shirt. Ratajkowski wore her $95 Stormy Daniels T-shirt out in New York. Ratajkowski herself is no stranger to the art of sartorial support, wearing a conspicuous Rage Against the Machine T-shirt in 2020 featuring a young Bernie Sanders. Despite a lack of statement, Cate Blanchett's latest Cannes look was interpreted by many as a nod to the Palestinian flag. Similarly, Ratajkowski has spoken at length in her 2021 book “My Body” about her experience enduring several instances of sexual assault.
Persons: Donald Trump’s, Emily Ratajkowski, Stormy Daniels, Daniels, Robert Crumb, Katherine Hammett, Margaret Thatcher, Pershing, Hammett, Thatcher, ” Hammett, Ratajkowski, Bernie Sanders, Queen Elizabeth II —, Cate Blanchett’s Haider Ackermann, Blanchett, Ackermann, Cate Blanchett's, Daniel Cole, Guy Pearce, Netanyahu, ” Pearce, , I’ve Organizations: CNN, Trump, British, Guardian, EU, Cannes Film, Fair Locations: New York City, York, British, New York, Gotham, Palestine, Gaza, Cannes, Fair France
2023: De Niro reignites the feud during the press "Killers of a Flower Moon" press tour. Robert De Niro criticized Trump over his handling of COVID. However, ahead of the 2024 election, De Niro began speaking out about Trump again as he promoted his upcoming movie "Killers of a Flower Moon." Imagine how insane that is," De Niro said, referring to Trump. And I want to read it," De Niro said before bringing out his phone to read the original speech.
Persons: Niro, Robert De Niro, Trump, David Dee Delgado, De Niro's, De Niro, Apple, Rolling Stone Organizations: Trump, Variety, Cannes Film, Gotham, De Locations: New York City
At the Cannes Film Festival earlier this month, Moore's latest movie, "The Substance," received a 13-minute standing ovation. And Moore's three daughters — Rumer, 35, Scout, 32, and Tallulah, 30 — are here for all the praise. Advertisement(L-R) Rumer Willis, father Bruce Willis, sister Tallulah Willis, mother Demi Moore, and sister Scout Willis. Getty"We have a thread that we call 'Lineage of Females' that has all my sisters and I on it, and we don't see the looks she's going to do, so when we do, we're like, 'Oh my god, mom, mom, mom, this is amazing, you look iconic! Moore, 61, who had her daughters while married to Bruce Willis before they divorced, found fame in the 1980s.
Persons: , Matthew McConaughey's, Brendan Fraser's, Demi Moore's, Moore's, Margaret Qualley, Dennis Quaid, didn't, — Rumer, Rumer, Rumer Willis, Bruce Willis, Tallulah Willis, Demi Moore, Scout Willis, Getty, Jenna Bush Hager, Matthew McConaughey, Moore Organizations: Service, Cannes Film, Business, York Locations: Tallulah, South, France, Elmo's
CNN —Vanity Fair France has issued an apology after editing a photo of actor Guy Pearce, in which a Palestinian flag pin he wore is not visible. The move, which was quickly called out on social media, has been labeled by some as an attempt at censorship. But social media sleuths detected an issue. An apology was also posted to social media on Sunday. Following the Vanity Fair France controversy, Pearce reiterated his support for the Palestinian cause in a post on X, writing “Palestinians are being murdered as we speak.
Persons: Guy Pearce, Pearce, Sebastian Stan, Bella Hadid, Yves Saint Laurent, , Saskia Lawaks “, , Condé Nast, ” Pearce, Benjamin Netanyahu Organizations: CNN, Cannes, Palestinian, Ministry of Health, Hamas Locations: Palestinian, Gaza, Israel, Rafah, Israeli
The 15 Most Unforgettable Looks From Cannes
  + stars: | 2024-05-28 | by ( The Styles Desk | ) www.nytimes.com   time to read: 1 min
The Cannes Festival jury led by Greta Gerwig announced its winners this weekend, including the Palme d’Or for “Anora,” a comedy from the American filmmaker Sean Baker about a sex worker who marries the son of a Russian oligarch. The ceremony concluded 10 full days filled with movies and long ovations, news conferences peppered with politics, a filmmaker’s return, women-led films that caused a stir, a president’s origin story and, of course, canine stars. But the Côte d’Azur’s red carpet proved also to be a bonanza, where stars upped the ante on style, wearing bright swaths of color, statement hats that canceled out the need for any SPF — and baring skin, lots of it. Here, 15 looks worth remembering.
Persons: Greta Gerwig, Palme, , , Sean Baker, baring Organizations: Cannes Locations: Russian
CNN —The final, searing shot of Rungano Nyoni’s “On Becoming a Guinea Fowl” is a convergence of everything that’s come before. Nyoni’s first movie “I Am Not A Witch” broke through at the Cannes Film Festival in 2017 and won her a BAFTA. Like her debut, a satire on the practice of witch camps, also set in Zambia, the country of Nyoni’s birth, “Guinea Fowl” deals with injustice in tragicomic fashion. The idea came from a scrapped plotline for Nyoni’s previous film, she told CNN, in an interview during the festival. How do you not get up and just set everything on fire?”Writer-director Rungano Nyoni during the production of "On Becoming A Guinea Fowl."
Persons: that’s, , Nyoni’s, , Bemba, Rungano Nyoni, Chibesa, Shula, Susan Chardy, Fred can’t, ” she’s, Fred, She’s, there’s, Nyoni, ” Nyoni, “ It’s, ” Maggie Mulubwa, Nyoni's, imploring, , LOIC VENANCE, Norah Mwansa, who’ve, “ I’ve, ” Chardy Organizations: CNN, Cannes Film, BAFTA, Zambian, Cannes, Getty Locations: Guinea, Zambia, Zambian British, Wales, AFP
CNN —Filmmaker Payal Kapadia made history Saturday, as she became the first person from India to clinch the prestigious Grand Prix at the 77th Cannes Film Festival, the second highest prize after the Palme d’Or. It is the first Indian movie in three decades to compete in Cannes’ main competition. “Please don’t wait another 30 years to have an Indian film,” she said to the audience. “Indian stars shining bright… These women have scripted history, and inspired the entire Indian film fraternity,” he wrote on the platform. In 1947, filmmaker Chetan Anand took Cannes’ top prize for his film “Neecha Nagar,” becoming the only Indian to win the accolade.
Persons: Payal Kapadia, Palme, ” Kapadia, Greta Gerwig, Lily Gladstone, , Narendra Modi, ” Rahul Gandhi, India’s, Anasuya Sengupta, , Chhaya, Divya Prabha, Stephane Cardinale, Corbis, Hridhu Haroon, Kartiki Gonsalves, Chetan Anand, Neecha, Kapadia Organizations: CNN, Prix, Cannes Film, Cannes, Indian National Congress, Grand, “ Salaam, Hollywood, Cannes ’ Locations: India, Mumbai, Cannes, , “ Salaam Bombay, Kani, Indian
Donald Trump is challenging "The Apprentice" biopic; his lawyers called it a "libelous farce." The film depicts controversial claims about Trump's personal life. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In a cease-and-desist letter obtained by Business Insider's Jacob Shamsian on Friday, Trump's lawyers railed against "The Apprentice," an independently produced movie that premiered this week at the Cannes Film Festival. This story is available exclusively to Business Insider subscribers.
Persons: Donald Trump, , Business Insider's Jacob Shamsian, Trump's Organizations: Service, Business, Cannes Film, Trump
CNN —Bella Hadid stepped out in a red keffiyeh-inspired dress at the Cannes Film Festival on Thursday, in a nod to her Palestinian heritage. Bella Hadid is seen during the 77th Cannes Film Festival. Hadid’s dress is from the archives of Michael and Hushi, a New York-based brand founded by Michael Sears and Hushidar Mortezaie. Some on social media were quick to point out that Hadid’s dress was not technically a Palestinian keffiyeh, with the colors more closely resembling those used in Jordan and Saudi Arabia. Hopefully we can all learn to stand in unity and love against genocide,” he wrote on Instagram.
Persons: CNN — Bella Hadid, Mohamed Hadid, Michael, Hushi, , Bella Hadid, Jacopo Raule, Hadid, Michael Sears, Hushidar, Carrie Bradshaw Organizations: CNN, Cannes, Cannes Film, Mortezaie, Google, City Locations: Palestinian, American, , Palestine, Gaza, Bella, New York, Jordan, Saudi Arabia
Read previewIn the 1970s, the lawyer Roy Cohn taught Donald Trump a simple playbook for political fights: attack, counterattack, and never apologize. Trump is employing that strategy on "The Apprentice," an independently produced biopic about him that premiered this week at the Cannes Film Festival. In a cease-and-desist letter, one of Trump's attorneys threatened to sue over the movie's release, calling it "direct foreign interference in America's elections." The letter warns that the movie's release in the United States would amount to "foreign interference in our elections." "The Movie, released six months before the November 2024 election, is directed at influencing the 2024 election by falsely defaming President Trump," he wrote.
Persons: , Roy Cohn, Donald Trump, Trump, David Warrington, Sebastian Stan, Cohn, Jeremy Strong, US Sen, Joseph McCarthy, Ivana, Ali Abbasi, Gabriel Sherman, Abbasi, Strong, Joseph Stalin, Mao Zedong, Warrington, Sherman, Steven Cheung Organizations: Service, Cannes Film, Business, Trump, New, Communist Party, US, Warrington, Dhillon Law, Los Angeles Times, Hollywood, White House Locations: New York, American, Dublin, Warrington, United States
Former Miss USA Noelia Voigt met Bella Hadid at the Cannes Film Festival on Thursday. Hadid told Voigt she was "inspired" by her resignation as Miss USA, the former queen said on Instagram. Voigt stepped down as Miss USA on May 6, citing her mental health. AdvertisementFormer Miss USA Noelia Voigt added Bella Hadid to her list of supporters on Thursday. Voigt was crowned Miss USA in September 2023, but she resigned on May 6, citing her mental health.
Persons: Miss USA Noelia Voigt, Bella Hadid, Hadid, Voigt, Miss USA, Instagram, , USA Noelia Voigt, Miss Teen USA UmaSofia Srivastava, couldn't, NDAs Organizations: Miss USA, Cannes, Miss, Service, USA, Miss Teen USA, Business
Paris Hilton first attended the Cannes amfAR Gala in 2001 while wearing a bold, bedazzled gown. Paris Hilton attends the 2001 amfAR Gala at the Cannes Film Festival. J. Vespa/Dave Hogan/Getty ImagesThe names written in crystals on her Randolph Duke dress were actually celebrity autographs from stars like Tom Cruise and Clint Eastwood, and the matching jewels on her arm spelled "amfAR." As for the gown itself, it was black and sleeveless with a round back cutout that extended to her sides.
Persons: Paris, Paris Hilton, Dave Hogan, Randolph Duke, Tom Cruise, Clint Eastwood Organizations: Paris Hilton, Cannes, Paris, Cannes Film
Celebrity fashion has been bold and daring at the 2024 Cannes Film Festival. Models have worn fitted suits, oversize leather jackets, and sheer dresses so far. AdvertisementFashion has been far from tame at the 2024 Cannes Film Festival. Celebrities, musicians, and models alike have been attending the French event this year in standout looks, ranging from bold, unexpected suits to skin-baring and sculptural dresses. Here's a look at the most daring looks stars have worn so far.
Persons: Organizations: Service
CNN —“The Apprentice,” a new film about former President Donald Trump’s real estate dealings in New York in the ’80s, debuted to a standing ovation at the Cannes Film Festival and criticism from his campaign. Starring Sebastian Stan as a young Trump, the film is an “exploration of power and ambition set in a world of corruption and deceit,” according to an official synopsis. “Succession” star Jeremy Strong co-stars as Roy Cohn, the lawyer and fixer who Trump considered a mentor early in his career. There is only the way of dealing with this wave on its own turfs at its own level,” he said. APThe film includes a depiction of Trump’s relationship with his first wife, Ivana, and their divorce, according to The Hollywood Reporter.
Persons: CNN —, , Donald Trump’s, Sebastian Stan, Trump, Jeremy Strong, Roy Cohn, , Gabriel Sherman, Ali Abbasi, ” Abassi, “ It’s, ” Gabriel Sherman, Maria Bakalova, Martin Donovan, Ivana, liposuction, ” Steven Cheung, doesn’t, ” Maria Bakalova, Ivana Trump, Catherine McNally, Charlie Carrick Organizations: CNN, Cannes Film, Republican, Iranian, Hollywood, Trump Locations: New York, Danish
The day after the Cannes Film Festival premiered “The Apprentice,” a biopic of Donald J. Trump, the former president hit back at the movie, calling it “malicious defamation” and threatening legal action. “This garbage is pure fiction which sensationalizes lies that have been long debunked,” said Steven Cheung, a spokesman for the Trump campaign. Directed by Ali Abbasi and written by the author Gabriel Sherman, “The Apprentice” follows Trump (Sebastian Stan) as an ambitious young man seeking to establish himself as a real estate magnate. In its most controversial sequence, the Trump character sexually assaults his wife after she criticizes his looks. (Ivana, who died in 2022, accused Trump of rape in her divorce deposition, though she disavowed the claim later.)
Persons: , Donald J, Trump, Steven Cheung, Ali Abbasi, Gabriel Sherman, Sebastian Stan, Roy Cohn, Jeremy Strong, Ivana Zelnickova, Maria Bakalova, Ivana Organizations: Cannes Film, Trump
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