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The WNBA has enjoyed some of the fastest growth a sports league has ever seen, thanks in large part to superstar rookies Caitlin Clark and Angel Reese. But top WNBA players don't yet have the lofty salaries to match. Once the WNBA season is over, Jones plays a second season in Europe, mainly to complement her salary. The money is allocated from the $75 million the WNBA raised in 2022 from a group of investors. Though the WNBA's success has not yet led to the massive salaries seen in men's pro sports, many in the league believe it's only a matter of time.
Persons: Caitlin Clark, Angel Reese, they've, Sportico's, Cathy Engelbert, Brionna Jones, A'ja Wilson, Breanna Stewart, Jones, I'm, Engelbert, Stephanie White, It's, we've Organizations: WNBA, Las Vegas Aces, Seattle Storm, New York Liberty, Disney, Amazon Prime, NBA, Connecticut Sun, The Washington Post, CBA Locations: Europe, The Washington
With the Federal Reserve rate-cutting cycle expected to begin and the November election just around the corner, now could be a good time to invest in municipal bonds. Interest earned on municipal bonds are free from federal tax. Close said he is already seeing financial advisors start to position their muni portfolios in anticipation of changes. Unlike the Treasury market, the muni market yield curve is upward sloping, Close said. In addition, there's room for lower-rated municipalities to outperform, such as A, BBB and high yield, Norton said.
Persons: Matthew Norton, Norton, Dan Close, Close, It's, Paul Malloy, Malloy, it's, Vanguard's Malloy, Nuveen's Organizations: Federal, Democratic, White House, Congress, municipals, Vanguard, BBB, AAA, AA, Treasury, Investment Company Institute, Fed Locations: Nuveen, California , New York, New Jersey, New York, California, AllianceBernstein
A Starlink terminal installed on a Hawaiian Airlines aircraft. Hawaiian AirlinesPARIS — SpaceX nearly doubled its backlog of Starlink in-flight Wi-Fi orders with last week's United Airlines deal, a company director said Tuesday. Last week, United said it will outfit its more than 1,000 planes with Starlink and won't charge customers for the Wi-Fi. SpaceX has previously announced in-flight deals and has started service with Hawaiian Airlines , Qatar Airways, Japan's Zipair, Latvia's airBaltic and semi-private charter airline JSX. Nick Galano, SpaceX director of Starlink Aviation Sales and Partnerships, center, speaks at the World Space Business Week conference in Paris on Sept. 17, 2024.
Persons: Nick Galano, United, Gogo, Japan's, Latvia's, Galano, SpaceX, Michael Sheetz Galano, Glenn Latta, Latta, We've Organizations: Hawaiian Airlines aircraft, Hawaiian Airlines PARIS, SpaceX, United Airlines, IFC, Starlink's, Viasat, Panasonic, Thales, Hawaiian Airlines, Qatar Airways, Starlink Aviation, CNBC, Delta Air Lines, Delta Locations: Paris, United
Why these Gulf states want to be AI superpowers
  + stars: | 2024-09-16 | by ( Nell Lewis | Rym Bendimerad | ) edition.cnn.com   time to read: +5 min
“There’s huge investments going into (AI) in the Middle East,” said Stephen Anderson, Middle East strategy and markets leader at PwC, speaking to CNN at last week’s Global AI Summit (GAIN) in Riyadh, Saudi Arabia. Energy demand from AI, data centers and cryptocurrencies could double by 2026, according to the International Energy Agency. Gulf states are investing heavily in AI as they look to diversify their economies. Last year, the UAE unveiled a tool called Jais and Saudi Arabia has developed the Arabic chatbot ALLaM. Challenge of governanceOne of the major hurdles with the development of AI is public perception and governance: how should AI and data be regulated safely, securely, ethically and fairly?
Persons: , , Stephen Anderson ,, Anderson, We’re, ” Anderson, Nick Studer, Oliver Wyman, Studer Organizations: CNN, United Arab Emirates, PwC, AI, Google, Energy, International Energy Agency, , Saudi, AI Authority, Oliver Wyman Group, International Telecommunication Union Locations: UAE, Stephen Anderson , Middle, Riyadh, Saudi Arabia, Qatar
In addition, Spectrum pledged to give customers automatic credits for internet outages that are out of their control or when the company's customer service doesn't live up to its promises. That's in part because broadband customer growth at providers including Charter and Comcast has struggled, according to the companies' earnings reports. Spectrum Mobile has 8.8 million total lines and has grown rapidly due to enticing promotional deals and increased mobile usage on reliable Wi-Fi networks, the company said. "When I think about Wall Street, I think about the customer," Winfrey said. "If you focus on the customer, provide great customer service, save them money, provide value, then your capital market strategy, your regulatory strategy, all of that just falls into place."
Persons: Christopher L, Winfrey, Chris Winfrey, , Spectrum, Tom Rutledge, we've, there's, Craig Moffett, Moffett, Robin Alam Organizations: Charter Communications, Communications Charter Communications, CNBC, Spectrum, Time Warner Cable, Bright House Networks, Charter, Comcast, Verizon, Spectrum Mobile, ESPN, Night, San Francisco 49ers, Baltimore Ravens, Getty Locations: U.S, MoffettNathanson, Santa Clara , California
DirecTV and Disney have reached a deal that brings Disney’s ESPN and other channels back to the pay-tv provider’s customers after a roughly two week blackout. On Saturday, DirecTV and Disney said they reached a deal that called for “market based terms” on pricing. DirecTV will be able to offer Disney’s streaming services in its packages and a la carte, the company said in a release Saturday. The amount of customers DirecTV lost during the dispute was not “immaterial,” said DirecTV Chief Marketing Officer Vince Torres at Goldman Sachs’ Communacopia & Technology Conference on Thursday. DirecTV offered its customers a $30 credit, financed by stopping payments to Disney as soon as the blackout began, Torres said.
Persons: Disney, DirecTV’s, Jimmy Pitaro, , It’s, ESPN’s Pitaro, , Vince Torres, Goldman Sachs, Torres, Venu, DirectTV, ESPN — Organizations: DirecTV, Disney, ESPN, ABC, SEC Network, ACC Network, CNBC, U.S ., Hulu, Charter Communications, Technology Conference, Antitrust, Warner Bros, Discovery, Fox Corp, Federal Communications Commission, FCC
Disney's networks went dark on Sept. 1 after the two sides could not agree to terms on fees and bundle structures. DirecTV called Disney anti-consumer, and ESPN Chairman Jimmy Pitaro called the responses DirecTV made to Disney's package offers "basically hypotheticals." The amount of customers DirecTV lost during the dispute was not "immaterial," said DirecTV Chief Marketing Officer Vince Torres at Goldman Sachs' Communacopia & Technology Conference on Thursday. DirecTV offered its customers a $30 credit, financed by stopping payments to Disney as soon as the blackout began, Torres said. This was the second dispute in a year that left pay TV customers without Disney's networks.
Persons: Disney, DirecTV's, Jimmy Pitaro, It's, ESPN's Pitaro, Vince Torres, Goldman Sachs, Torres, Venu, DirectTV, ESPN — Organizations: Clemson Tigers, season's, Clemson, NCAA Division, DirecTV, Disney, ESPN, U.S ., Atlanta Falcons, Philadelphia Eagles, CNBC, & Technology Conference, ABC, Antitrust, Warner Bros, Discovery, Fox Corp, Federal Communications Commission, FCC, Charter Communications
NBA rights proved to be a hotter commodity than many expected — seemingly including WBD CEO David Zaslav. The Charter deal is a coup for WBDWall Street has had little confidence in Zaslav and company lately. AdvertisementAfter the news that WBD had done just that with Charter, Greenfield heaped praise on WBD. As great as WBD's deal with Charter may be, Greenfield doesn't believe Zaslav is out of the woods. If Zaslav surprises the Street again with his Comcast deal, his company may have better days ahead.
Persons: , David Zaslav, NBCU, WBD's, Max —, WBD, Rich Greenfield, LightShed, Greenfield, Turner, Craig Moffett, MoffettNathanson, Moffett, Zaslav, Brian Roberts, Matt Belloni, Greenfield doesn't, Comcast's NBCU, Charter's, Venu, Brandon Ross Organizations: Service, Warner, NBA, Business, TNT, HGTV, Food Network, Comcast, DirecTV, Warner Bros, WBD, Charter, NBC Universal, Zaslav, Puck News, , Disney Locations: Zaslav
While rage bait can be found across social media, its prominence on Threads is because of how the app promotes content. AdvertisementWith that in mind, there's often something in your behavior on social media that's leading the apps to send those posts your way. In the grand scheme of things, rage bait is not the worst thing on social media by a long shot . YouTube star MrBeast mastered social media algorithms to build a huge audience in no time. Here's what business students said , and here's what tech students said .
Persons: , Rebecca Zisser, Katie Notopoulos, Katie, it's, it'll, Samantha Lee, Goldman Sachs, David Solomon isn't, Solomon, Warren Buffett's, Kanu Gulati, she'd, Jensen Huang doesn't, Huang, Alberto E, Rodriguez, MrBeast, Jonah Peretti, Dan DeFrancesco, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Service, Business, Twitter, JPMorgan, Bank of America, Occidental Petroleum, Khosla Ventures, Kanu Gulati Khosla Ventures, Nvidia, Warner Bros, HBO, Charter Locations: Taiwan, China, New York, London
Oracle — The stock rose nearly 2% after the database software company raised its fiscal 2026 revenue outlook . Uber — Shares of the ride-sharing company advanced more than 5% following news that it plans to expand its partnership with Alphabet's Waymo . Adobe — Shares tumbled 9% after the software company issued weaker-than-expected guidance for the current quarter. Unity Software — Shares of the game engine company added nearly 7%. Discovery — Shares advanced about 9% after the media conglomerate entered an early renewal agreement with Charter Communications.
Persons: Kevin Clark, RH —, Gary Friedman, Alphabet's Waymo, Uber, Stifel, Biden, David Zaslav, , Jesse Pound, Sean Conlon, Samantha Subin, Hakyung Kim Organizations: JPMorgan, Oracle, Aptiv, — Stock, Adobe, Boeing, Unity, Holdings, PDD Holdings, Redfin Corporation, Federal Reserve, U.S, Home, Warner Bros, , Charter Communications, Discovery Locations: U.S, Austin , Texas, Atlanta, China
The United States supports creating two permanent United Nations Security Council seats for African states and one seat to be rotated among small island developing states, U.S. The United States supports creating two permanent United Nations Security Council seats for African states and one seat to be rotated among small island developing states, U.S. Developing nations have long demanded permanent seats on the Security Council, the most powerful body in the United Nations. The 193-member U.N. General Assembly has annually discussed reform of the Security Council for more than a decade. Each year the General Assembly elects five new members from different geographical groups for two-year terms on the Security Council.
Persons: Linda Thomas, Greenfield, Joe Biden's, Antonio Guterres, Guterres, U.N, Thomas Organizations: United, United Nations Security, Pacific, Security, Security Council, United Nations, Council, Foreign Relations, Thomas, Reuters, General, General Assembly, Washington Locations: United States, U.S, Africa, Gaza, Thomas, India, Japan, Germany, United, New York, Washington, Russia, China, France, Britain, U.N, Ukraine
AdvertisementCharter will end up paying WBD for the right to give away Max with ads (as well as Discovery+, WBD's much-less-popular streamer), which sells for $10 a month. So WBD isn't exactly giving Max away. But by making a version of Max free to millions of Charter subscribers, WBD is basically inviting existing Charter/Max subscribers to trade down. But this time around, LightShed analyst Rich Greenfield calls the deal a "victory" for WBD, given the weakened position of its cable channels. Related stories"Nobody had faith in Zaslav/WBD to get a Charter deal done, especially a deal that was not even up for an entire year," he writes.
Persons: , WBD, Max, there's, Warner, Rich Greenfield, Nobody, Greenfield, John Malone, Malone, David Zaslav, Goldman Sachs, He'll Organizations: Service, Warner, TNT, NBA, Business, HBO, Charter, Disney, ESPN, Analysts, Comcast, DirecTV Locations: Zaslav, DirectTV's
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFaber Report: Warner Bros. Discovery, Charter reach new carriage agreementCNBC's David Faber reports on news from Warner Bros. Discovery and Spectrum.
Persons: CNBC's David Faber Organizations: Warner Bros, Discovery, Charter, Warner Bros . Discovery
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFaber Report: Warner Bros. Discovery and Charter strike new carriage dealCNBC's David Faber reports on latest news from Warner Bros. Discovery and Charter Communications.
Persons: CNBC's David Faber Organizations: Warner Bros . Discovery, Charter, Charter Communications
Stagecoach Group, a UK-based travel company, first launched Megabus in the UK in 2003 and then brought it to the US in 2006. Along with Greyhound, Megabus became one of the two mega-carriers in the United States. The intercity bus industry is not in complete disarray, but things are not going great there. Bus industry insiders also note that they're often treated as an afterthought by policymakers even though they carry tens of millions of people each year. He emphasized that bus travel can be environmentally sustainable, too, compared to everyone driving their own cars or flying.
Persons: Megabus, Andrew Savikas, Peter Pan, John Stepovy, FlixBus, Joseph Schwieterman, Schwieterman, hadn't, Scott Michael, it's, Michael, Kai Boysan, BoltBus, Fred Ferguson, who's, Ferguson, It's, They've, They're, I'd, Wanderu, Stepovy, Emily Stewart Organizations: Coach USA, Equity, USA, Stagecoach Group, Greyhound, North America, DePaul University, Stagecoach, Fullington Trailways, US, United Motorcoach Association, FlixMobility, Flix, American Bus Association, Lake Holdings, Alden Global Capital, Atlantic City, Day, Labor, Business Locations: Los Angeles, Chinatown, Busbud, United States, Asia, Flix North America, Wanderu, Philadelphia, Dallas, Chicago, Cleveland, Boston, New York, FlixBus
Here are Wednesday's biggest calls on Wall Street: Goldman Sachs downgrades Morgan Stanley to neutral from buy Goldman said it sees better value elsewhere than Morgan Stanley. Goldman Sachs upgrades Evercore to buy from neutral Goldman said the investment banking firm is "best in class." JPMorgan reiterates Nvidia as overweight JPMorgan said stocks such as Nvidia are "strong beneficiaries in the emerging AI arms race." Morgan Stanley reiterates Arm as a top pick Morgan Stanley said it's sticking with its overweight rating on the semiconductor chip company. Bank of America reiterates Apple as buy Bank of America said it's standing by its buy rating on shares of Apple.
Persons: Goldman Sachs downgrades Morgan Stanley, Goldman, Morgan Stanley, Goldman Sachs, Rosenblatt, Canaan, Jefferies, Williams, Guggenheim, it's, orals, it's bullish, Bernstein, Robinhood, Wells, Shopify, Truist, Wolfe Organizations: NASDAQ, JPMorgan, Viking Therapeutics, Citi, Apollo Global Citi, APO, U.S, " Bank of America, Novartis, Bank of America, Nvidia, Apple, Spotify, Disney, AES, ~$ Locations: Canaan, Williams, Sonoma, 2030E
There's a small part of the municipal bond market that could provide a big opportunity to investors, according to Nuveen. The Nuveen High Yield Municipal Bond Fund , which Close manages, has about 9% of its assets in charter school muni bonds. NHMAX 1Y mountain Nuveen High Yield Municipal Bond Fund Charter school bonds fund construction, renovation or the purchase of school facilities. There are currently about 8,000 charter schools in the United States serving 3.7 million students, according to the National Alliance for Public Charter Schools . Traditional K-12 bonds pay about 3.5%, while charter school bonds yield around 5% — a 150 basis point difference, Close said.
Persons: Dan Close, We've, there's, munis, Nuveen, Close Organizations: Municipal Bond Fund, muni, Municipal, Fund Charter, National Alliance for Public Charter Schools, AAA, AA, Standard, The Academy Charter School, Norton Science, Language Academy, of Peace Academy, St Locations: Nuveen, United States, Hempstead , New York, San Bernardino , California, Paul , Minnesota
6:59 a.m.: Citi raises AT & T price target A wave of improving outlook for telecommunications could benefit shares of AT & T , according to Citi. The firm upgraded the telecommunications company to neutral from sell and left its $350 per share price target unchanged. "Although our 2028 EPS is still c16% ahead of consensus, we now see less scope for earnings outperformance 2024/2025," the analyst added. The firm upgraded the home furnishings stock to buy from hold and increased its price target to $156 per share to $148. His price target of $105, down from $122, implies upside of just 8.7% from Tuesday's close.
Persons: Goldman Sachs, Morgan Stanley, Jefferies, Michael Rollins, Rollins, — Brian Evans, Graham Parry, Parry, Sonoma Jefferies, William, Jonathan Matuszewski, Matuszewski, Brian Evans, Goldman Sachs downgrades Morgan Stanley, Richard Ramsden, Ramsden, Fred Imbert Organizations: CNBC, Williams, Citi, AT, JV, Apple, Communications Citi, Communications, Charter Communications, Bank of America downgrades Novartis Bank of America, Novartis, William, Elm, Brands, WSM, Goldman Sachs downgrades Morgan Stanley Investors Locations: U.S, Sonoma, Swiss, William, Tuesday's
But broadband companies have been focused on transitioning their customers to other affordable options to help them make up the expired discount, according to the companies’ earnings calls. In the wake of the ACP’s expiration, broadband companies have reported losing some customers. While broadband providers were generally supportive of the ACP, many in the industry believed the subsidy benefitted too wide a swath of U.S. households. During the second quarter, Charter reported a loss of 149,000 internet customers, while Comcast reported a decline of 120,000 broadband customers. Charter has tried to retain its low-income consumer base by rolling out new savings deals like offering ACP customers a free unlimited mobile line for one year.
Persons: , , Craig Moffett, , Blair Levin, Mike Carey, Nikki Budzinski, GOP Sen, JD Vance, Ohio, Donald Trump’s, Vance quieted, ” Gigi Sohn, Joe Biden, Sohn, Wall, they’re, ” Sohn, ” Carey, ” Budzinski, Chris Winfrey, “ We’ve, ” Moffett, MoffettNathanson, Gigi Sohn’s Organizations: Charter, Verizon, Comcast, Program, Federal Communications Commission, Democratic, Republican, Street Research, CNBC, NBC News, Capitol, Republicans, Emergency, GOP, Republican House, ACP, FCC, , Universal Service Fund, USF, Charter Communications Locations: MoffettNathanson, Ohio, U.S, New York
In the wake of the ACP's expiration, broadband companies reported losing some customers. "But that doesn't take away from the families for whom this was important, and could now lose access to broadband." Pete Marovich | ReutersStill, Sohn believes bipartisan support for the ACP should make reauthorizing it a political slam dunk for Democrats. While broadband providers were generally supportive of the ACP, many in the industry believed the subsidy benefitted too wide a swath of U.S. households. Charter Communications CEO Chris Winfrey said in July that the ACP's expiration impacted both losses and low income broadband connections after the company had "put a lot of effort into the ACP program."
Persons: Craig Moffett, Blair Levin, Mike Carey, Nikki Budzinski, GOP Sen, JD Vance, Ohio, Donald Trump's, Vance quieted, Gigi Sohn, Biden, Pete Marovich, Sohn, Wall, they're, Carey, Budzinski, Chris Winfrey Organizations: Istock, Getty, Charter, Verizon, Comcast, Program, Federal Communications Commission, Democratic, Republican, Street Research, CNBC, Capitol, Republicans, Emergency, GOP, Republican House, ACP, Commerce, Science, Washington , D.C, Reuters, Universal Service Fund, USF, Charter Communications Locations: MoffettNathanson, Ohio, Washington ,, U.S, New York
You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Read previewUkraine's Kursk offensive shows what the country could achieve if its allies dropped their weapons restrictions, a leading European official said. It's also complicated Russian plans for offensive operations later this year, Ukraine's military spymaster, Kyrylo Budanov, told Ukrainian radio station Radio Charter on Saturday, per a translation by the Institute for the Study of War. Western allies lifted some restrictions in May, allowing Ukraine to strike Russian troops building up at its borders, but it's still not allowed to use Western weapons to carry out deep strikes . "There's no one capability that will, in and of itself, be decisive in this campaign," Austin said, per Politico.
Persons: , Marko Mihkelson, Mihkelson, Gen, Oleksandr Syrskyi, Syrskyi, It's, Kyrylo Budanov, it's, Volodymyr Zelenskyy, Defense Lloyd Austin, Austin Organizations: Service, West, Estonia's Foreign Affairs, Business, CNN, Radio, Institute for, Ramstein, American Enterprise, Defense Locations: Kyiv, Ukraine, Ukrainian, Russia's Kursk, Russia, Kursk, Pokrovsk, Western, Germany
Disney and DirecTV are not likely to reach a deal in time for "Monday Night Football" according to people familiar with the matter. As a result of the fight, DirecTV customers were unable to see the U.S. Open and the first full weekend of the college football season. DirecTV alerted customers on Friday to competitor alternatives for watching ESPN and also said it would provide a $30 credit to customers. However, Charter and Disney reached a deal hours ahead of "Monday Night Football" that allowed customers to tune in that night. The dispute between DirecTV and Disney has led to mudslinging between the two companies reminiscent of most carriage fights.
Persons: Rob Thun, Venu —, Venu, Disney, It's, Jimmy Pitaro, Nielsen, Pitaro, Adam Schefter, DirecTV's Thun Organizations: ESPN, Jacksonville Jaguars, Cincinnati Bengals, EverBank, DirecTV, Disney, FX, ABC, U.S ., CNBC, Walt Disney Co, Fox Corp, Warner Bros, NFL, Federal Communications Commission, Charter Communications, New York Jets, San Francisco 49ers Locations: Jacksonville , Florida, American, U.S
NFL owner Shahid Khan's superyacht Kismet is available for charter at $3 million a week. Added costs for provisions, gratuities, and taxes can raise the weekly charter cost to $5.4 million. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The superyacht belonging to Shahid Khan, the owner of the NFL's Jacksonville Jaguars who is worth $13.3 billion, according to Forbes, is officially available for charter by brokerage Cecil Wright.
Persons: Shahid Khan's, , Shahid Khan, Cecil Wright Organizations: Monaco, Service, Jacksonville Jaguars, Forbes, Business
New York CNN —Meta’s Oversight Board has found that the phrase “From the River to the Sea,” used to express Palestinian support, did not break the company’s hate speech policies. The Board said it reviewed three cases involving the use of “From the River to the Sea” on Facebook and said that all appeals to remove the content were closed without human review. Those users then appealed to the Board, which exists for users to challenge Meta’s appeals process on Facebook, Instagram or Threads. In Germany, using the slogan “From the river to the sea” is now a criminal offense. The slogan used in the cases had wide reach through Meta’s platforms.
Persons: , Sean Gallup, Andy Stone, Meta, Rashida Tlaib, Brian Fung, Alaa Elassar, Jennifer Henderson Organizations: New, New York CNN, Defamation League, West Bank, Facebook, Meta, Getty, CNN, Islamic Relations, Muslim Locations: New York, Jordan, Gaza, Jerusalem, Palestine, Berlin, Germany, Palestinian, Israel, Muslim Arab American, Maryland
CNN —California Governor Gavin Newsom has signed into law a bill that bans the use of red dye No. Known as the California School Food Safety Act and introduced by Democratic Assemblymember Jesse Gabriel in February, Assembly Bill 2316 prohibits a school district, county superintendent of schools or charter school with grades kindergarten through 12th from offering foods or beverages containing red dye No. “California is once again leading the nation when it comes to protecting our kids from dangerous chemicals,” Gabriel said in a news release. “No industry is more committed to food safety than the consumer packaged goods industry. After the state banned brominated vegetable oil, used mostly in some sodas, as part of its California Food Safety Act in October 2023, the US Food and Drug Administration revoked the regulation for its use nine months later.
Persons: Gavin Newsom, Jesse Gabriel, Tony Thurmond, cosponsor, ” Gabriel, who’s, , Bill, Paul Greenwood, John Hewitt, ” Hewitt, Thurmond, Gabriel, , Lesley, Ann Brandt, ” Brandt, “ I’m Organizations: CNN, Golden State, Environmental, Consumer, California School Food Safety, Democratic, California, Environmental Health, Food, FDA, California Legislature, Joint Food and Agriculture Organization, United Nations, World, Consumer Brands Association, European Union, California Food, US Food and Drug Administration, USDA Locations: California, United States, South Africa, New Zealand
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