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CNBC Daily Open: An alternative to Altman
  + stars: | 2023-11-20 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
Andrew Caballero-reynolds | Afp | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The Nasdaq increased 2.4%, its first three-week positive streak since June. Even if it were the latter, OpenAI is "not the only game in town," as industry analyst Patrick Moorhead put it. In other words, there will be other companies — like Anthropic or Google — more than ready to assume AI leadership.
Persons: Sam Altman, Andrew Caballero, reynolds, Stocks, Scott Ladner, OpenAI, Sam Altman's, Ilya, Zachary Lipton, Patrick Moorhead Organizations: Economic Cooperation, APEC, Afp, Getty, CNBC, Dow Jones, Nasdaq, Dow, Horizon Investments, Carnegie Mellon University Locations: Asia, San Francisco , California, U.S
CNBC Daily Open: Trouble in AI paradise
  + stars: | 2023-11-20 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +3 min
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. [PRO] Nvidia earnings in focus After the flurry of inflation reports last week, this week looks comparatively quiet in terms of economic data releases. In other words, there will be other companies — like Anthropic or Google — more than ready to assume AI leadership. And Nvidia's report, out Tuesday, will in all probability reassure investors shaken by the cracks in the gilded world of generative AI.
Persons: Sam Altman, Michael Herzog, Musk, Stocks, Scott Ladner, OpenAI, Sam Altman's, Ilya, Zachary Lipton, Patrick Moorhead Organizations: APEC, Summit, Moscone West, CNBC, Hamas, Apple, Disney, IBM, Twitter, Media Matters, America, Dow Jones, Nasdaq, Dow, Horizon Investments, Carnegie Mellon University Locations: San Francisco , California, Israel, U.S
Sam Altman, CEO of OpenAI, attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. "Sam and OpenAI were the catalyst that showed the world what AI tech is capable of," Jannsen said. Silicon Valley's high-profile startup CEO firings typically involve wrongdoing, rather than just philosophical differences about where the company is headed. "Sam Altman is a hero of mine," former Google CEO and investor Eric Schmidt said in an X post. — CNBC's Lora Kolodny contributed to this report WATCH: OpenAI says Sam Altman exiting as CEO because 'board no longer has confidence.'
Persons: Sam Altman, Carlos Barria, OpenAI, Steve Jobs, Altman, , Jobs, U.S . Altman, Mark Zuckerberg, Jeff Bezos, Elon Musk, Greg Brockman, Brockman, Ron Conway, Greg, Brian Chesky, Matt Schlicht, Schlicht, Sam, Ryan Jannsen, Jannsen, Patrick Moorhead, They're, Moorhead, Josh Wolfe, Wolfe, he'd, Eric Schmidt, Tom Williams, Airbnb's Chesky, what's, Chesky, Satya Nadella, Zachary Lipton, Carnegie Mellon's Lipton, Lipton, — CNBC's Lora Kolodny Organizations: Economic Cooperation, Reuters, ChatGPT, Apple, U.S ., Amazon, Tesla, Microsoft, Tiger, Sequoia Capital, CNBC, Google, Lux Capital, Cq, Inc, Getty, Carnegie Mellon University, Industry Locations: Asia, San Francisco , California, U.S, Silicon Valley, OpenAI, what's,
Make America Build Again
  + stars: | 2023-11-16 | by ( Adam Rogers | ) www.businessinsider.com   time to read: +37 min
America is the sixth-most-expensive place in the world to build subways and trolleys. The solutions will cost trillions of dollars and require a pace of building unseen in America since World War II. Perhaps the single most pressing question we face today is: How do we make America build again? "For this class of projects, federal environmental laws are more the exception." The prospect of overhauling our hard-won environmental laws might feel like sacrilege to anyone who cares about the Earth.
Persons: Anne, Marie Griger's, Griger, , They're, Obama, I'm, we've, We've, I'd, It's, Matt Harrison Clough, Jamie Pleune, AECOM, Joe Biden's, There's, David Adelman, David Spence, Spence, James Coleman, NECA, Coleman, everyone's, Danielle Stokes, Nobody, Bill McKibben, Mother Jones, McKibben, Michael Gerrard, Columbia University —, they've, David Pettit, it's, Zachary Liscow, That's who's, Adam Rogers Organizations: RES Group, Environmental, Infrastructure Investment, Jobs, Land Management, Forest Service, University of Utah, Harvard Joint Center for Housing Studies, Brookings, Bureau of Ocean Energy Management, White, University of Texas, Greenpeace, Natural Resources Defense Council, Act, NEPA, Berkeley, University of California, University of Southern, Southern Methodist University, Ecosystems Conservation, GOP, Biden, Motorola, Telecommunications, Conservatives, Federal Energy Regulatory Commission, FERC, University of Richmond, UC Berkeley, USC, Star, Sabin, Climate, Columbia University, Natural Resources Defense, Republicans, Democrats, Management, Budget, Yale Law School Locations: Panama, Colorado, . California, Los Angeles, San Francisco, China, America, Washington, , Wyoming, Nantucket, New England, San Francisco ., University of Southern California, California, New York, Florida, Southern California, Las Vegas
A (RELATIVELY) QUIET PLACE In the living room, a neutral backdrop balances out bolder furnishings that weave in hues from surrounding rooms. Photo: Laura Resen, Styled by Yedda MorrisonIN SAN DIEGO, sunshine infuses homes so often—some 266 days a year, on average—that aggressively colorful interiors can easily come off as garish. What if you yearn for a fun, vivid look, but don’t want to live in the Mickey Mouse Clubhouse? To create colorful zones that played well together but never veered into “elementary school” vibes, Maggio took cues from European interiors that feature gutsy but slightly muted Old World hues. “The colors she was drawn to all had a relative softness to them,” Maggio said.
Persons: Laura Resen, Yedda Morrison, Mickey, Corine Maggio, , ” Maggio, Maggio Organizations: DIEGO Locations: Mill Valley, Calif, Loma, France
Snap shares rose nearly 12% on Monday following reports of an internal CEO memo indicating that the social messaging company could post better-than-expected results for 2024. Snap confirmed the numbers cited in the memo with CNBC but characterized them as "stretch, internal goals only." "I know this was an internal memo, but management must have known it was going to leak." Snap shares sank more than 17% in July after it gave guidance for its current quarter that missed analysts' expectations. Correction: An earlier version of this story misstated the nature of the numbers cited in the memo — they were goals, not projections.
Persons: Evan Spiegel, Porte, Bernstein, Mark Schilsky, Schilsky Organizations: Snap Inc, Viva Technology, Porte de, Tech Specialists, CNBC, Meta, SNAP Locations: Paris, France, Russia, Ukraine
CNN —Most people don’t want to work into their 80s and 90s, but the powerful in Washington refuse to let go. “Anybody who thinks that if I step down, Obama could appoint someone like me, they’re misguided,” she told Elle in 2014. Nikki Haley got some early attention for her presidential campaign when she suggested a mental competency test for politicians over 75. What voters like most of all is what they knowThe most powerful force in American politics isn’t age or ideas, but rather incumbency. Everyone may have to work longer in the futureAmerican life expectancy, despite advances in medical care, was 77.4 in 2020.
Persons: Sen, Dianne Feinstein, California Democrat –, , Gavin Newsom, Feinstein, Mitch McConnell, Nancy Pelosi, Pelosi, ” Pelosi, CNN’s Anderson Cooper, , “ He’s, Mitt Romney, ” Romney, Biden, Donald Trump, George H.W, George H.W . Bush, Clarence Thomas –, Thurgood Marshall, Marshall, ” Marshall, Bill Clinton, Ginsburg, Ruth Bader Ginsburg, Obama, , Elle, Barack Obama, Amy Coney Barrett, Antonin Scalia, Nikki Haley, Trump, Haley, Ronald Reagan, Harry Enten, midterms, Charles Grassley, he’d, West Virginia Sen, Robert Byrd’s, Byrd, John McCain Organizations: CNN, California Democrat, California Gov, Capitol, Republican, Republicans, KGO, Utah Republican, Democrat, Former South Carolina Gov, Trump, Senate, Arizona Republican, Social Security Locations: Washington, California, Francisco, Utah, George H.W ., Former, West Virginia
In a survey of jobs Americans would most like to see replaced by robots, the umpire would surely rank near the top. (The MLB league official tells me that legalized gambling has not been a factor in implementing ABS.) Frustratingly, the subjective has infiltrated what initially felt like a technological problem: What does the perfect strike zone even look like anyway? The MLB league official agrees, telling me the Jetson Robot Home Plate Ump is not in their plans. "Growing up, my parents would go, 'Oh, the umpire's strike zone was small!'
Persons: Jordan Pacheco, Pacheco, John McEnroe, , Billy Beane, maniacally, Houston, it's, Ben Hurian, Paul Hawkins, Goltz, Tyler Le, Justin Goltz, he's, there's, rears, Tyler Fitzgerald, Fitzgerald, who's, FanGraphs, Bagwell crouch, Miguel Yajure, Phillip Evans, Evans, X, they'd, Dylan Yep, what's, we're, Rob Manfred, — England's, Calvin Baker, Baker, Drew Strotman, Billy Evans, Strotman, Greg Maddux, MIT grads, steph, klay thompson, alf, hite, mudge, hird, ove, ahn Organizations: Lexington Legends, Twitter, Major League, ump, MLB, Sony, NASCAR, Triple, Albuquerque, Colorado Rockies, Astros, Companies, English Premier League soccer, Rugby, NFL, NBA, ABS, Sutter Health Park, Cats, San Francisco Giants, River, Reno Aces, AAA, Atlantic League, Big, of Fame, Seton Hall Sports, MIT, hawkeyes, ust Locations: OKC, California, Sacramento, uman
JAKARTA, Indonesia (AP) — Vice President Kamala Harris said Wednesday that those responsible for the effort to overturn the results of the 2020 presidential election and the ensuing violence at the U.S Capitol must be held accountable — even if that means Donald Trump. “I spent the majority of my career as a prosecutor," Harris, who served as California's attorney general before moving to Washington as a U.S. senator. But Biden and Harris have been outspoken about what they view as the very real danger to American democracy the aftermath of the 2020 election exposed. Political Cartoons View All 1145 Images“Democracies are very fragile," the vice president said in the AP interview. GOP hopefuls raise the idea that a vote for Biden would really end up being a vote for Harris — and not in a good way.
Persons: Kamala Harris, Donald Trump, ” Harris, Trump, Joe Biden, , Harris, Biden, , Harris —, “ Joe Biden, , Colleen Long Organizations: , U.S Capitol, Associated Press, Trump, Association of Southeast Asian Nations Locations: JAKARTA, Indonesia, Jakarta, Georgia, Washington, U.S, United States, Russia, North Korea, Ukraine
The priest, Jean-Daniel Lafontant, had come from Haiti to help reopen the House of World Cultures, Berlin’s distinguished but dowdy center for non-European arts and ideas. The House — or H.K.W., as everyone calls it, using its German initials — is an unwieldy beast, an anachronism with promise. (The building was an American gift to West Berlin during the Cold War.) Founded in 1989 at the dawn of multiculturalism, and just months before the fall of the Berlin Wall, H.K.W. has yawed between programs that highlight foreignness — for instance one-country exhibitions, or “world” music and films — and more complex fare.
Persons: Jean, Daniel Lafontant, Berlin’s, Papa Legba Locations: Berlin, Haiti, American, West Berlin
CNN —Scientists have decoded an ancient aroma by identifying the ingredients used in Egyptian mummification balms — and resurrected the scent. The exact recipes used in the mummification have long been debated because ancient Egyptian texts don’t name precise ingredients. The new findings suggest that the relatively complex balms used in Senetnay’s preservation may have been the beginning of a trend of more elaborate ones used later on. Dammar resin, an ingredient used in embalming, appears next to a bottle of the recreated ancient scent. “The scent of eternal life” will be part of an ancient Egyptian exhibit at the Danish museum that opens in October.
Persons: , Barbara Huber, ” Huber, Pharaoh Amenhotep II, Pharaoh Thutmose III, Amenhotep II, Senetnay, Christian Tepper, Howard Carter, Carter, Pharaoh, Nicole Boivin, Carole Calvez, dammar, it’s, ” Boivin, Dammar, Sofia Collette Ehrich, Huber, Barbara Huber “, Organizations: CNN —, Moesgaard Museum, Max Planck Institute of Geoanthropology, Max Planck Institute, Geoanthropology Locations: Denmark, Egypt’s Valley, Germany, , Hannover, India, Southeast Asia, Europe, Saqqara
LONDON, July 28 (Reuters) - A reappraisal of the dollar could be the next big "pain trade". Dollar jumps as US 2-year yield premium builds vs G7Net short dollar contracts from CFTCBofA chart on fund managers dollar viewSMILEFor the dollar at least, it starts to look less of a one-way rate bet. For those who favour intra-G7 interest rate differentials for guidance, the picture is not much better for dollar bears. But if "soft landings", disinflation and buoyant markets continue to rule the roost, it may be hard work for the outsize "anti-dollar" bet. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: There's, BoE, What's, it's, Mike Dolan, Alison Williams Organizations: Federal Reserve, Dow Jones, Treasury, Bank of England, gilts, ECB, Reuters Graphics Reuters, Reuters, Twitter, Thomson Locations: U.S, Japan
Elon Musk's Boring Company launched a $100 perfume called "Burnt Hair" in October. Last October, he added "perfume salesman" to his list when he began selling a scent called "Burnt Hair" to the world. The unisex fragrance is sold through The Boring Company, where it was originally listed for $100. Upon sniffing Burnt Hair directly from the bottle he concluded that it actually smelled better than most perfumes. "It's pretty gross…It does smell like burnt hair."
Persons: Elon, Elon Musk, Musk, it's, Boring, Madeline Renbarger, Nathan McAlone, Darius Rafieyan, Rafieyan, Taylor Rains, Meghan Morris, Maddie Berg, who'd, Brad Davis, Tim Levin Organizations: Elon Musk's Boring Company, SpaceX, The, Company, Twitter, The Boring Company, eBay, Boring Company, Boring, Aviation, Transportation Locations: Colorado
Opinion | Justices Ignoring the ‘Scent of Impropriety’
  + stars: | 2023-07-27 | by ( ) www.nytimes.com   time to read: +1 min
To the Editor:Re “What Smells Off at the Court?,” by Michael Ponsor (Opinion guest essay, July 16):Judge Ponsor’s bewilderment at the loss of olfaction on the Supreme Court is spot on. As he explained, it isn’t that hard for a judge to catch even a faint whiff of the scent of impropriety. And you don’t have to be a federal judge to smell it. Another time, a company hoping to build a development on a Superfund site hosted a presentation for federal and municipal officials. The company’s spokesperson presented each city official with a goodie bag filled with stuff like baseball caps bearing the project’s name.
Persons: Michael Ponsor, Ponsor’s bewilderment Organizations: Justice Department
Same old story with aging politicians
  + stars: | 2023-07-27 | by ( Zachary B. Wolf | ) edition.cnn.com   time to read: +6 min
The freeze is not an isolated incidentEarlier this year, McConnell could not hear reporters at a different news conference. Plus, McConnell is known to have fallen at least three times in the past year, according to CNN’s Manu Raju. His fall at the Waldorf Astoria in Washington led to a concussion and broken ribs that sidelined him for weeks. Nikki Haley got some early attention for her presidential campaign when she suggested a mental competency test for politicians over 75. The only other longer-serving senator is Sen. Charles Grassley, who is 89, and who won an eighth term last November.
Persons: it’s Mitch McConnell, McConnell, CNN’s Manu Raju, Raju, Feinstein, Sen, Dianne Feinstein, Democratic Sen, Patty Murray, John Fetterman, Nikki Haley, Joe Biden’s, Biden, , Donald Trump, Haley, Barack Obama, Ronald Reagan, Harry Enten, midterms, hasn’t, Charles Grassley, he’d, West Virginia Sen, Robert Byrd’s, Byrd Organizations: CNN, Republican, Senate, Hill, Reagan National Airport, Capitol, Feinstein Democrats, Democratic, Pennsylvania, Former South Carolina Gov, Republicans, Trump, Voters, Social Security, GOP, West Virginia Locations: convalesce, Finland, Washington, Kentucky, California, Former
Many years ago, as a fairly new federal magistrate judge, I was chatting about our kids with a local attorney I knew only slightly. The tickets were beyond my usual price range, and the game would be a fun outing with my 7-year-old. He had a woodworking hobby, and inside the package was an exquisitely crafted oak pencil case with bronze hinges. My ruling had made a big difference for them, and they wanted to extend this modest, personal gesture of gratitude. You don’t just stay inside the lines; you stay well inside the lines.
Persons: he’d, Samuel Alito, I’d Organizations: Red Sox, Fenway, Social Security Locations: Alaska
Mitch McConnell urged a majority of universities to get behind a single name, image, and likeness (NIL) bill. NIL has upended college athletics as states jockey to pass the most expansive law. His observation isn't surprising as some universities, governors, and lawmakers see a benefit in allowing each state to determine its own NIL standards. Having a more expansive state law is now an asset akin to a new practice facility or a massive weight room. Missouri's newly passed NIL law is regarded as one of the most expansive in the country, explicitly allowing coaches and school officials to talk about NIL with potential recruits.
Persons: Mitch McConnell, haven't, McConnell, Hugh Hewitt, I've, Charlie Baker, Republican Sen, Tommy Tuberville, Democratic Sen, Joe Manchin, Nick Saban, Rand Paul, Paul, LIV Golf Organizations: Service, Republican, NCAA, College, Auburn University football, Democratic Locations: Wall, Silicon, Massachusetts, Alabama, Sen, Saudi
The Invesco QQQ Trust (QQQ) , which has even heavier exposure to Big Tech names, has brought in $5.8 billion of its own. "It's not really the overconcentration in the big names that worries me. It's actually the concentration in the big names compared to their earnings contribution," said Oktay Kavrak, director of communications and strategy at Leverage Shares. Whether you're passive or active, you probably have enough exposure to Nvidia and Apple and Microsoft," said Todd Sohn, ETF strategist at Strategas. There's a whiff of it, a scent of it," Sohn said, pointing out that money market funds attracted more cash than equity funds last week.
Persons: Matthew Bartolini, Bartolini, It's, Oktay Kavrak, Todd Sohn, . Sohn, Kavrak, Sohn, Cathie Wood's Organizations: Vanguard, Big Tech, SPDR, Street Global Advisors, Microsoft, Nvidia, Nasdaq, RSP, Apple, Trust, Technology, Index, Fund, The Vanguard FTSE Locations: SPDR Americas, Europe
Whenever people ask me what I do for a living, I tell them that I’m a translator from English to English. Why did President Biden tell CNN that “this is one of the most extreme” Israeli cabinets he’d ever seen? And why did the U.S. ambassador to Israel just say that America is working to prevent Israel from “going off the rails”? According to a 2020 Congressional Research Service report, Israel has received the most U.S. foreign assistance of any country in the world since World War II, at $146 billion, not adjusted for inflation. That’s quite an allowance and one that might have merited a little more respect for the U.S. president from Ben-Gvir, who in his youth was convicted of inciting racism against Arabs.
Persons: , Biden, Benjamin Netanyahu, CNN’s Fareed Zakaria, Itamar Ben, Gvir, Israel Organizations: CNN, Biden, West Bank, U.S, Service, Ben Locations: U.S, Israel,
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJim Grant explains why investors may be getting a 'whiff of stagflation' following June's job reportJim Grant, Grant’s Interest Rate Observer founder and editor, joins 'Squawk Box' to discuss the state of the economy, whether 'a whiff of stagflation' is upon us following June's jobs report, the Fed's inflation fight, and more.
Persons: Jim Grant, stagflation
Nonfarm payrolls increased by 209,000 jobs last month, the smallest gain since December 2020, the survey of establishments showed. Government employment remains 161,000 below its pre-pandemic levels. Leisure and hospitality employment remains 369,000 below its pre-pandemic levels. The household survey from which the unemployment rate is derived showed employment rebounding 273,000, reversing the 310,000 decline in May. Reuters Graphics"Though demand for labor remains unmatched, the labor shortages that employers sighed over a year ago have definitely subsided some," said Andrew Flowers, lead labor economist at Appcast.
Persons: Sean Snaith, payrolls, Selcuk Eren, Andrew Flowers, Lucia Mutikani, Daniel Wallis, Chizu Nomiyama, Andrea Ricci Organizations: Reserve, Labor, University of Central Florida's Institute, Economic, Reuters, Manufacturing, Institute for Supply, Treasury, Companies, Conference Board, Thomson Locations: WASHINGTON, U.S, Washington
On a recent spring afternoon, Marcella Roberts and Brooke Council sat in a salon chatting about how much they liked their hair. “It does wonders,” said Ms. Roberts, whose daily work outside as a meter reader can quickly dry out her curls. “It lasts for a couple of days.”“Even my co-worker said how soft my hair was,” Ms. Council added. And that initial whiff hadn’t stopped Ms. Roberts from slathering the cream all over her scalp. “A little does go a long way,” she said.
Persons: Marcella Roberts, Brooke, , Roberts, , hadn’t
For more than 60 years, David Austin Roses has bred the world’s most prestigious blooms. They are the Air Jordans, the Birkin bags, the Steinway pianos of roses, and have become what we know, smell and delight in as the modern English rose. And every year for more than 60 years, David Austin Roses has named one or two new varieties after historical British figures, including Queen Elizabeth II, Emily Brontë, Roald Dahl and Charles Darwin. At the Chelsea Flower Show in London last month, David Austin Roses introduced the Dannahue, an apricot-colored English shrub rose named after Danny Clarke, a gardener known to his social media followers and to television viewers in Britain as the Black Gardener. The shrub is available only in Britain for now but will be sold to American gardeners next year.
Persons: David Austin, Birkin, Queen Elizabeth II, Emily Brontë, Roald Dahl, Charles Darwin, David Austin Roses, Danny Clarke, Clarke, Organizations: Chelsea Locations: London, Britain
William McGurn is a member of The Wall Street Journal editorial board and writes the weekly "Main Street" column for the Journal each Tuesday. Previously he served as Chief Speechwriter for President George W. Bush. Mr. McGurn has served as chief editorial writer for The Wall Street Journal in New York. He spent more than a decade overseas -- in Brussels for The Wall Street Journal/Europe and in Hong Kong with both the Asian Wall Street Journal and the Far Eastern Economic Review. Bill is author of a book on Hong Kong ("Perfidious Albion") and a monograph on terrorism ("Terrorist or Freedom Fighter").
Persons: William McGurn, George W, Bush, McGurn, Bill Organizations: Wall Street, The Wall Street, Street Journal, Economic, Washington, National Review, Foreign Relations, Notre Dame, Communications, Boston University Locations: New York, Brussels, Europe, Hong Kong
CNN —NATO officials are in a race against time to avoid the embarrassment of seeing the alliance miss its own stated aim of admitting Sweden to the alliance by July 11. Sweden has a permanent delegation at NATO and is considered a close partner to the alliance, meaning joining should be relatively straightforward. The second is that Turkey isn’t the only fly in the ointment: Hungary also objects to Sweden joining NATO. Sweden joining NATO would be the latest in a long list of good news stories for the alliance since Russia invaded Ukraine. That’s precisely why officials are so concerned about Turkey vetoing Sweden’s accession on NATO’s own timetable.
Persons: it’s, Recep Tayyip Erdogan’s, Christine Olsson, Erdogan, Putin’s, Putin, , “ Erdogan, Yves Herman, , Emmanuel Macron, Turkey vetoing Organizations: CNN, NATO, Russia, Kurdistan Workers ’ Party, Turkish, Reuters, TT, Agency, AFP, Sweden –, European Union, Diplomats, US, EU Locations: Sweden, Finland, Ukraine, Russia, Turkey, East, Europe, Ankara, Turkish, Stockholm, Lithuanian, Vilnius –, Atlantic, North Korea, China, , Eastern European, Brussels, Hungary, United States, United Kingdom, Asia
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